PJ Diaz
Well-Known Member
Right, your selective and limited "quotes" provide a more encompassed picture of reality than over 40-years of stock market history. GTFO.
Besides a 5% annual return, is a return on INVESTMENTS, not savings. Duh.
Dropped 100$ in doge
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Besides a 5% annual return, is a return on INVESTMENTS, not savings. Duh.
ComputerSaysNo
Well-Known Member
OK, I yield.
waterproof808
Well-Known Member
even if you only got 5% annual returns in the stock market, that is still 10x better return than a high yield savings account that offer 0.50%APY at best.
ComputerSaysNo
Well-Known Member
Absolutely. Your point being?
waterproof808
Well-Known Member
You made the following claim:
Investments appreciate over time. If you simply "saved" your money in a piggy bank it would not appreciate, it would decrease in value due to inflation.
PJ Diaz
Well-Known Member
These guys must be bias because they have the work "invest" in their company name:
www.investopedia.com
How Does the Stock Market Work?
Learn how the stock market works, why companies issue stock, what happens when you buy a stock, and what happens when you sell a stock.
ComputerSaysNo
Well-Known Member
With regards to "investing" vs "saving", before we start nit-picking here:
The meaning of the words is not clear. To me, "investing" is an active endeavour, whereas "saving" is passive.
So, if you put money aside, in whatever way, and leave it there, that's "saving". Putting money in passive securities (like index ETFs or bonds) is saving. You do not make any investment decisions.
If you invest your time in an education, or you invest your capital in an enterprise (that you then run at least to a certain extent), you're making an additional effort on top of just putting time or money aside.
"Investing in stocks" actually means "saving money and hoping for returns".
But those are just words, the meaning and intention behind it is what counts.
The meaning of the words is not clear. To me, "investing" is an active endeavour, whereas "saving" is passive.
So, if you put money aside, in whatever way, and leave it there, that's "saving". Putting money in passive securities (like index ETFs or bonds) is saving. You do not make any investment decisions.
If you invest your time in an education, or you invest your capital in an enterprise (that you then run at least to a certain extent), you're making an additional effort on top of just putting time or money aside.
"Investing in stocks" actually means "saving money and hoping for returns".
But those are just words, the meaning and intention behind it is what counts.
PJ Diaz
Well-Known Member
You are grasping at straws in a desperate attempt to appear correct, however you only dig yourself deeper into a hole of ignorance in your attempt to appear somehow correct. Just give up.
Save means to set something aside in order to avoid loss.
Invest means to commit money in order to earn a financial return.
Is it possible to invest your savings? Yes, but your savings just became an investment, one which could go either up in value or also down. This is not the definition of saving.
waterproof808
Well-Known Member
You would have to make the decision to INVEST your money in passive securities and you have to make the decision on which passive security you were going to invest in. Those are investment decisions.
Active investing is called "Trading."
ComputerSaysNo
Well-Known Member
No, let me try again.
Let's talk about "saving time" and "investing time".
"Saving time" means to not even use the time. Since there is no time bank, any "saved time" has to be used immediately for something else.
"Investing time" means to do something meaningful, i.e. something that gives you a benefit. The emphasis lies on "doing something".
Now with regards to money.
"Saving money" means you do not spend it. But the money is still there. You do not have to spend it immediately, but if you don't you just continue to save it. So there is now some unspent (saved) money. If you buy, say, an S&P 500 ETF with that money, you're still saving it, but you have converted it into an interest bearing security (in the broader sense of the word). It's sitting there in the form of an ETF, and you have it "work for you", as they say. Which means nothing else than hoping it will give you a return.
"Investing money" means you convert it into something tangible, that you can then work with to give you a return. For example, you invest in a company by buying machines or hiring employees. Those will then, if things go well, return a result than could be converted into money in return. Hopefully more money than you started off with.
The important thing is that you had a say in what happened after the money was spent (converted).
Putting money in real-easte that you own is more like "investing" to me, than it is "saving". Especially if you use the real estate yourself.
You can make whatever you want out of this. I'm not invested (pun intended) in winning you over. I've only spent some time (hopefully not wasted).
waterproof808
Well-Known Member
At this point you are just uselessly arguing semantics.
PJ Diaz
Well-Known Member
You sure did spend a lot of time typing that all out for zero return on your investment. In fact I think you lost points with that obtuse post.
PJ Diaz
Well-Known Member
And showing ignorance all along the way, while attempting to look smart.
ComputerSaysNo
Well-Known Member
Actually I've invested time in the past in learning how to touch type. That has made the process fairly swift.
A good program that will teach you how to touch type: https://www.tipp10.com/en/
ComputerSaysNo
Well-Known Member
No worries.
ComputerSaysNo
Well-Known Member
I've already admitted that we are arguing semantics at this point. See above.
PJ Diaz
Well-Known Member
Well congratulations. Perhaps you can get a job as a receptionist some day. Typing quickly is not a sign of intelligence however. Case in point, my boss has a PhD is is one of the slowest typists I've ever seen.
ComputerSaysNo
Well-Known Member
But that's the problem right here. You assumed I made a point about my intelligence by talking about my typing prowess, when in fact I was just responding to you saying "that must have taken you a long time".
And now you've got a run-on sentence to deal with, typed with prowess in MY SECOND LANGUAGE.
PJ Diaz
Well-Known Member
I didn't assume anything, I simply made an assertion.
Code:
def smart_idiot():
"""An idiot who thinks he's smart"""
a = "an idiot "
b = "who thinks he's smart"
return a, b
c, d = smart_idiot()
print(f'ComputerSaysNo is {c}{d}.')