Current Events > Trump is stupid.

(+) Yeah! (+)

Sanktu_Vyvorant posted...

TheVipaGTS posted...

with regard to leading a nation yes he is incredibly stupid

With regard to a lot of things really

Dude thinks excercise is bad for you

lol seriously? Yall know I like trump, but how is exercise bad for you?

reeekt posted...

Sanktu_Vyvorant posted...

TheVipaGTS posted...

with regard to leading a nation yes he is incredibly stupid

With regard to a lot of things really

Dude thinks excercise is bad for you

lol seriously? Yall know I like trump, but how is exercise bad for you?

He thinks that everyone is born with a set amount of energy,and exercising uses up said energy faster than normal which means you'll die faster

And no that isn't satire, that's legitimately his belief.
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Antifar posted...

Some useful figures in this:

But only 52 percent of Americans have money in the stock market, matching the lowest rate in 19 years, according to a Gallup Poll from April. In 2007, according to that same poll, 65 percent reported investing in the market. Based on those Gallup numbers, many Americans lost faith in the market at exactly the wrong time%u200A—%u200Ajust as it was staging a powerful comeback.

Looking at the number of Americans who own stock does not tell the whole story. To get the complete picture, it is necessary to determine how stock assets are distributed overall.

I used the 2013 Survey of Consumer Finances to calculate the distribution of equity assets broken down by equity deciles.

The top 10% hold 86.8% of all the equity. The next 10% owns 9.5% of all the equity. The rest own little to none of the equity.

The definition of equity I use is explained here and includes directly-held stock, mutual funds, IRAs, and 401ks, among other ownership instruments.
https://cdn-images-1.medium.com/max/800/1*QLWwDp2Kz21aVed8cjQs6A.png
https://cdn-images-1.medium.com/max/800/1*eEn0CqzhJ3KoJDwBX32dgg.png
https://cdn-images-1.medium.com/max/800/1*x05UBbJnY7dKzqn7ffkevw.png

All this is to say: the vast majority of stock market gains go to the top 10%.

The more I think about this post, the more it drives me nuts.

That people actually think they understand what these statistics are showing, or the way that they are extrapolating the data.

Let me give one really, really simple example:

All of the following examples invest in a fund that returns 5% in one year:

High invests $100,000
Mid invests $10,0000
Low invests $1,0000

@ 5% ROI

High makes $5,000
Mid makes $500
Low makes $50

They all got the exact same ROI, anyone can do this.

What this argument does,

The top 10% hold 86.8% of all the equity. The next 10% owns 9.5% of all the equity. The rest own little to none of the equity.

or

All this is to say: the vast majority of stock market gains go to the top 10%

is take the $5,000, the $500, the $50 from my example and adds them up and divides by 3, so this very same data can show you that

High made $5,000/$5,550 or 90% (sound familiar?)
Mid made $500/$5,550 or 9%
Low made $50/$5,550 or 1%

Do you guys not see how this data is manipulated to show you what you want to hear? Get you upset? In reality, everyone made the same ROI. But Poor, poor LOW, he only made 1% and that evil bastard HIGH made 90%


It absolutely amazes me how people are so incredibly duped by statistics when they have zero knowledge, or care to learn, how they actually work.

Again.
Trump is stupid.
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DemonBuffet posted...

Again.
Trump is stupid.

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FYI -

DOW now up 3,400 points in 7 months since the election results, and continues to climb.

Only 600 more to go to match the last 8 years.

Oh the humanity.

All those horrible, horrible Trump policies are sure screwing up America. How Anti-American of him.



Trump is stupid*

*If you don't own a home, don't have a job, live off the government's tit, enjoy subsidized health care, have no children, carry a lot of debt.

** Oh wait, I'm sorry that's not Trump being stupid. That's just you and your victim mentality. Somebody must be at fault for my poor life decisions. It's not me, it's Trump.

BGleason22 posted...

Trump is stupid*

*If you don't own a home, don't have a job, live off the government's tit, enjoy subsidized health care, have no children, carry a lot of debt.

I'm fully employed, own a home, and other than my mortgage have very little debt. I've never had government assistance even when unemployed for three weeks six years ago, the only stretch of unemployment since I was 15.

Trump's a fucking moron.
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BGleason22 posted...

FYI -

DOW now up 3,400 points in 7 months since the election results, and continues to climb.

Only 600 more to go to match the last 8 years.

Oh the humanity.

All those horrible, horrible Trump policies are sure screwing up America. How Anti-American of him.



Trump is stupid*

*If you don't own a home, don't have a job, live off the government's tit, enjoy subsidized health care, have no children, carry a lot of debt.

** Oh wait, I'm sorry that's not Trump being stupid. That's just you and your victim mentality. Somebody must be at fault for my poor life decisions. It's not me, it's Trump.

I have a wonderful home, a great girlfriend, 2 vehicles, excellent insurance, great job, and a high quality of life.

Trump is a fucking moron.

Fuck off Gleason.
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