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blackgoose

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Posts posted by blackgoose

  1. 1 or 3 for me. There's no way the elite will allow a sharing of resources be it money or robots. Labour will be phased out, welfare will be phased out. A new disposessed class will emerge, now they will either revolt and force society to come to terms with its current contradictions and order or it will collapse. Or the new under class will be sterilised and we see a smaller population served by robot labour.

    Robots would be far more powerful than human armies or police forces. They could keep order quite easily.

    For example, nanobots could be scattered about like dust and made to replicate. Once done, they could consume the rebelling humans by using them to replicate, or more elegantly, they could get inside the human's brains and change their structures so they no longer "want" to rebel.

  2. If that 500k was a pension fund, then even at today's pathetic annuity rates you could get more than 6% (I just checked the first provider that came up on google and got 6%) so 30k plus the state pension is better than most working people would get. If interest rates normalise then the annuity rates would be higher.

  3. It's more guessing than research in my experience.Anyone who remembers all the 'buy' notes issued in the bull run up to 2000 would understand I suspect.

    Very often, senior management has decided what rating they want to give to a particular stock dependant on the possibility of getting business out of them. The analysts then type up their report and make assumptions to justify what ever their bosses have decided. Totally useless to the investor.

  4. Had a laugh at this graduate

    You leave university thinking, "Why wouldn't anyone hire me, with my 2:1 in Victorian literature? I'm a catch!" Before you realise you're 10-a-penny, you think landing a job at the end of a two-week placement is realistic, even likely.

    There are far too many 20 somethings spending 3 years training in subjects like that. Well at least it didn't take her long to find out the truth, but it would have been better to find it out aged 17 and do something useful instead of at 22.

  5. Maybe there is a case for reducing stamp duty for people who buy houses to live in. However, anyone buying a second or multiple properties should pay higher stamp duty. It is a bit unfair that someone buying a house for £250,001 to live in pays £7.5k in tax while a buy to letter can buy as many properties for £125k without paying any stamp duty.

  6. Forgive my naivety but how exactly do such IPOs work. How were the various prices set and who got bought/sold shares at what price?

    The sellers are those who owned the stock already (early stage investors, employees, founders etc.). The buyers will be the bankers and those close to the bankers. The price is agreed via consultation between the bankers and the owners - note the conflict of interest the bankers have. Those sellers sold at $26. When the market was opened and free trading could begin, the price was $45, netting the bankers friends a handsome profit. If those sellers had not sold in the ipo and just waited to sell on the exchange, they would have sold for a much higher price.

  7. What a terrible ipo for those who sold their shares in it. They should have waited another minute and sold them at almost double the price. The mutual funds who bought these shares made almost as much money as the founders and employees who had been working on this for years. The bankers must be laughing all of the way to the bank.

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