https://www.sfchronicle.com/realestate/article/sf-macys-close-18690200.php

 

The closing of Macy's in San Francisco is a big deal, but lions were surprised it lasted as long as it did.  There have been many stories about conversions of office buildings to apartments but lions have seen nothing of the kind.  Offices are being left vacant or demolished.  They're replaced by new multiplexes or retail.

They're not releasing a list of store closings.  The big question is if the pain in the ass mall cop is getting his.  Never ever bought anything in Macy's but what a coincidence if he lost a department store the day after his career peaked.

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Soaring number of Americans are now 401(k) millionaires

Fidelity replays the same story every few days.  The fed says the wealth pop after 2020 was manely from home equity. Fidelity says it was from stonks.  Lions still think most people have everything invested in their houses & can't afford stonks. 

 450,000 is the top 1% of fidelity's customers, doctors, lawyers, MBA's in 1 top tier company their whole lives. It's possible the very top is manely invested in stonks because they don't need the money.  If you're making $1 mil, the $25k in the 401k is just thrown away.  Lions still don't buy the idea that everyone should be 100% in stonks.  They should have a high stonk percentage & take enough out during the bull markets to avoid taking money out during the bear markets.

 Lions wouldn't be surprised if the very top is taking off.  The government pumps the top up 100% to keep the bottom flat.

 Besides not allowing anyone to make money, betterment delays the 401k contributions by 2 weeks.  Even with the rapid increase in limits since 2020, the lion kingdom starts paying income tax a lot earlier in the year than expected while betterment sits on the cash.  Transferring money to a taxable brokerage account when your 401k isn't maxed out is just a horrendous feeling.

The ideal 401k plan maxes itself out as soon as possible in cash while spreading a fixed amount to stonk purchases throughout the year.  The stonk positions are never sold & grow at their own rate without adhering to a fixed allocation.

 The ideal way to play a fixed allocation plan like betterment might be just to constantly reallocate it, jack up the stonk percentage during a bear market, jack up the cash percentage during the contribution phases, & constantly adjust it to reflect where it would be under the ideal plan.  This requires software.

 Lions get the places they get into just aren't lucrative enough to have much of a 401k or stonk options worth anything, any more than fixing macbooks is.  Ross Guy had no problem telling his employees it wasn't lucrative while the lion day jobs have tried laying it on thick.  At least it points to a stronger job market.

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 Cinelerra's TODO file has a lot of recent ideas already entered from many years ago.  It's a growing list of despair from a life of day jobs which only provide a small fraction of the investment needed to make a commercial level product.

 

At least the lion kingdom's fake terminal program finally forwards ctrl-c like a real terminal program.  The trick was allowing the user to hit it 5 times to quit the terminal program & printing a big message so the user doesn't unintentionally do something stupid on the host like reboot. 

Not requiring a goofy ctrl-a a q confirm sequence is a luxury minicom can't afford since that is a real terminal program.

 

 

 

 

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