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( 4 comments — Leave a comment )
kengr
Sep. 22nd, 2015 09:08 pm (UTC)
Mon, 18:40: patrickat: Some people: “You have to WORK for money if you want to live! It’s lazy and wrong to expect to... http://t.co/dfQ6OSJBFS

Stock market gains *do* involve work. You have to know what you are doing or you will easily turn a large fortunes into a small one.

My mom lost my college fund (and a lot of her own money) because she made *one* mistake. One that, having lived thru the Stock Market Crash that started the Depression, she really should have known better than to make.

She was investing in silver. I'd mentioned that there was no way the demand wasn't going to keep going up (which was true, at least until digital cameras eliminated most use of photo film which was *the* major consumer of silver for decades).

What did she do wrong? She bought silver "on the margin". This gives you an "interest" in the stock or commodity, and if it goes above the price you bought at, you can cash out and get the amount the value increased (minus brokerage fees). It's a cheap way to make money if it works, because you don't have to pay the full price.

The problem is that if the price drops *below* the price you bought in at, you have to *pay* money to keep the stock/commodity. The farther it drops, the more you have to pay (I think).

She'd bought in when the price was moderately high, but there was a big dip in the prices. So she lost everything. (Which is pretty much what happened in the crash of 29. Too many people had stock on the margin and when things dropped...).

If she'd outright *bought* the silver, She wouldn't have made as much money when it got to whatever price she decided to sell at. But when it took that dip, she would have still owned what she'd bought, and when the price recovered (it did) she'd have made a lot of money.

The other big bit of work is figuring out what to invest in, and when to buy and sell. This is a *skill*. And a difficult one.

So I don't begrudge folks who can do that their profits. The ones that use inside info are cheating and deserve to get caught.

And if you can invest you money with a broker who has that skill, well, it's a gamble and if you win great. After all you could lose too.

I'm not against folks making money by loaning money at interest either. Just ones that are loaning to people they know can't pay (so they can grab the collateral) or who charge insane interest rates.


kengr
Sep. 22nd, 2015 09:37 pm (UTC)
Tue, 00:37: Video: Video: Don’t Stay In School http://t.co/Pa7ou2BnG4

Actually, a lot of that "useless" stuff is *required* to understand the stuff he wants to know.

History, for example lets you know the stupid things that have been tried before so you won't repeat them.

He wanted to know about taxes and mortgages? You *must* understand algebra to understand how to calculate things like mortgages. Seriously.

Of course, back when *I* was in junior high, one of my social studies teachers actually did a unit of things like who to write a check, balance a checkbook and a few other things.

Besides some of that, I'd want "home ec" to be mandatory. *every* student who doesn't have a disability that prevents it should know not merely how to cook, but how to plan a meal, heck a week of meals, that are not horribly expensive and relatively balanced.

They should also know how to sew. Not to make clothes, but at least so they can *repair* clothes (I learned that early when my mom made me sew up rips in my pants).

A lot of the "abstract science and math stuff is *necessary* if you want a decent job. Hell, even some *factory* jobs would prefer you to know a fair bit of math, and the science behind some of the processes being used. The jobs that don't require that stuff are the ones that'll get automated first.

Also, a lot of that is supposed to be teaching you how to use facts to figure things out and think logically.

kengr
Sep. 22nd, 2015 09:48 pm (UTC)
Tue, 00:48: This Dad Wrote A Check To His Kid's School Using Common Core Math - I am so glad I dodged that particular... http://t.co/JMJkSrmSKd

Like the New Math back in the 60s, they are trying to find ways to get the *concepts* across. To teach *why* you do things instead of learning them by rote.

Hell, all that memorizing times tables and shit had me majorly down on math. New Math Let me see some *patterns* in things. That got my interest up.

I had a little trouble with algebra at first, but Asimov's Realm of Algebra helped me with the hard parts. I'd already read his Realm of Numbers and that clued me in on a lot of things they should have taught in class.

I recall when I was tutoring a kid (junior high or early high school age, I think) on math back at the "rehab" place. No one had ever explained to him that multiplication was repeated addition.

More importantly, they'd never explained that division is repeated subtraction!

They also hadn't explained (well, not explained *properly*) the idea of inverse operations. Subtraction is the inverse operation for addition. Division is the inverse operation for multiplication. Taking roots is the inverse of exponentiation.

And (sort of) derivatives and integrals are inverses. (That's calculus which I only "sort of" get from self-study)

kengr
Sep. 22nd, 2015 10:16 pm (UTC)
Tue, 08:33: The Universal Declaration of Human Rights (abbreviated) - This is a good list, but there need to be more.... http://t.co/CBchjyEjyW

I think the other rights you mentioned fall under "standard of living"
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