thepossum, on 2025-May-26, 04:11, said:
Apparently a bit more global arbitrage overnight
But back to an earlier point about those of us who trusted our investments in USA about to be taxed
USA and our own Feds. What gives
Such a betrayal
Not sure how to break the people of the world up
Some work
Some invest
Some steal
Some may say. Risk and return. But this risk came out of nowhere. Does not count
You just think Trump - big business - Elon Musk and others - big business - bigprofits
No. taxation
Maybe explains why Mr Buffett finally hung up his investment boots
Crytpo (and other stuff) is a possible explanation. A bit scary but come on. It is still valued in real money. So we hope
You just have to have trust that people in the know. the people we all trust with our hard earned dollars have a clue
I'll take a look at "how to break the people of the world up".
Some work: I got a job stocking shelves when I was 13. I also set pins in a bowling alley and delivered papers. Paper delivery paid best, I delivered morning evening and Sunday to a hundred plus customers. It paid well enough so that I bought a car, a 47 Plymouth for $175, in 1954 when I was 15. Later I delivered furniture. As an adult I became a math prof, not the best paying job in the world, but it was fine. I retired in 2004, age 65, but worked part-time gigs for several years afterwards. Now I relax. My basic idea was to get a job that I liked, as long as it paid well enough.
Some invest: Well, I have some stocks I guess. If "investor" means someone with a plan, then I ain't one. With regard to you being an Autralian, investing in US stocks, here is my story. Maybe twenty years or so back, I investied in some UK corporation. They went through some sort of reorginization that had some sort of tax consequences. You probably get my meaning by "some sort". I read and re-read stuff and finally I wrote up tax return, attached a letter to the IRS saying "I tried, but this is the best I can do at understanding it all. If something else is needed please let me know". It went through as filed, quite possibly because nobody at the IRS, at the level my income required, understood all the stuff either. Lesson: Keep investments simple.
There is an old song, Stuff That Works , the theme being Keep It Simple Stupid. This was my father's approach and I pretty much follow it.
Some steal: Not my style.
Overall: I made a decent living doing stuff I liked and now I keep my financial activities simple enough that they can hardly be called activities. I think that describes a lot of us.
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