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Joined 2 years ago
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Cake day: July 4th, 2023

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  • It’s an ETF, you can buy as much or as little as you want. My understanding is that they take their money and sell options (covered calls) with at-the-money strike prices on NASDAQ. Each month, they pay out dividends, something like 1% per month (bit over 12% on a yearly basis). So if you park 100$, you get like a free dollar per month, or 12 per year.

    It’s not hugely popular because you pay short term gains taxes on the dividends, a lot of tech does better than 12%, the shares can decrease in value if NASDAQ goes down, and if you wanted to (and had the startup cash), you could do the exact same thing without paying the ETF fees - buy 100 shares of QQQ for 62k, then sell a covered call for a month out, rinse repeat




  • I was going to send a DM to cowbee, but it may be worth knowng for others. I’m a bit older and may be a “normie” leftist with moderate anti-cap views and have unexamined prejudices about the USSR. I liked what I read from Lenin/Marx (one work each, i know!) but don’t like the reality of what I know of Stalin so don’t want that association. After reading some more, I’ll reexamine the USSR prejudices. So thanks to cowbee and folks who didn’t assume malice


  • Bustedknuckles@lemmy.worldtoMemes@lemmy.mlLiberal vs leftist
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    20 days ago

    Civil and Fair, so thanks. I’ll also pay more attention to the instance in the future if only to not be so baffled. Even if folks consider the Soviets progressive for the time, my 2 cents is that tying modern anticapitalism to the realities of USSR, especially Stalinism, does a disservice to progressive movements and even Marxism. But as you say, it’s a minority opinion, so I’ll accept my downvotes. Thanks again













  • I get this take and am in the same boat. The thing though is that the people who disapprove with trump is about the same as the number that “strongly disapprove” of trump. We have no more loathing to give.

    Righting the ship will require breaking through to the disconnected and mildly red.

    And the WH destruction is a) not a traditionally partisan issue, b) strongly symbolic, and c) a powerful visual.

    So is it the worst thing he’s doing? Not by a mile. Will I be happy if it wakes people up? Vehemently.

    Hey, they got Capone on tax fraud


  • There are a couple issues the left-of-center crowd have pushed that would help everyone’s wages: Higher minimum wage would raise wages beyond those at the minimum. Universal healthcare would allow workers to be less tied to their current jobs (and enable more entrepreneurship Anti corruption measures and progressive taxation aren’t quite as popular among mainstream Dems, but would go a long way as well. There’s a lot of work to do and the longer this shotshow goes on, the harder it will be later, as you say. America is losing so much expertise and power to this fascist garbage