Mr. Orange and his #tariffs have had a huge effect on stock markets and so on my "voluntary #pension #savings". He is a living and walking chaos. I have invested for 20 years and the #loss has been -7 % in one week. They should grow, not go down. 
I've been told that I'm still young and things will change. I don't invest by myself. My bank does that on behalf of me. In #finland we have this kind of service. #annoying #suomimastodon #politics #usa #lifemustgoon
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Yes, you take your chances - there's the occasional outright scam, or so-so quality parts (like the ones that inspired me to write this), but you go into it with your eyes open. You take a chance because it's dirt cheap.
And 90% of the time, the parts are just fine.
For anything important, or safety-related, or mains-connected, or anything I build for other than personal use, I won't use yum-cha parts like this. For those, I order good name-brand parts from a reputable supplier (Newark/Element14/RS, DigiKey, etc).
But for hobbyists just having fun, messing around? AliExpress and friends are an absolute godsend. You can now get into hobby electronics for practically nothing, and build stuff and see if you like it.
There's a place for quality parts, and a place for cheap parts. Knowing which is which isn't hard.
Three cheers for cheap components!
2/2
Losing sight of the "big picture" while fixated on a detail: https://www.aurianneor.org/losing-sight-of-the-big-picture-while-fixated-on-a-detail/
#aurianneor #civil #contract #democracy #detail #DonaldTrump, #ElonMusk #fascist #frustrations #gain #generalinterest #human #law #migrants #neo-Nazis #poverty #publicservices #referendum #savings #selfishness #society #solidarity #standardofliving #Tesla #Trump #ultra-rich #work #worldorder #ubi
The Real Cost Of DOGE: Musk’s Government Cuts Creating Massive New Expenses
Techdirt · The Real Cost Of DOGE: Musk’s Government Cuts Creating Massive New ExpensesImagine you had pretty much unlimited power over the government and wanted to save taxpayers’ money. You could: Carefully study government operations to understand what works and what doesn’t…
Like Rachel Reeves, Maria Luís Albuquerque (EU financial services commissioner) has no doubt been lobbied the financial services sector;
she is making similar calls for people to be 'incentivised' to use their savings to invest in stocks & shares, not just use savings accounts.
What they both should recognise is this is an issue of both a lack of trust (in financiers) & an issue of precarious retirement making people risk adverse with their savings for old age.
#economics #savings
h/t FT
Hey #Canadians looking to #SaveMoney lower our #CarbonFootprint and #reduce #FoodWaste then I recommend checking out #FoodHero
https://foodhero.app.link and if you sign up please consider using my referral code: dustinm10 then we will both get a credit. I've #saved $267 in about 6 months. Only once we got food that was bad, it was prepared gnocchi and they refunded it right away without hassle. It's good food at an even better #price
#Canada #food #money #savings
I've just heard about a German fintech Trade Republic. They offer interesting interest rates compared to our French #banks (2.75% against 2.4%). And while traditional French #savings options pay out only once a year, Trade Republic says it does so monthly.
Coincidentally, yesterday there were adverts about it on French TV and on business news sites.
Can we trust this company? Is it safe? The product is new and hasn't stood the test of time. Is it really known in #Germany?
Claims about the better return on stocks & shares ISAs against cash ISAs do two things:
1. they flatter stock market returns by carefully picking the period that they report returns for, wilfully ignoring that many savers are not wanting long-term commitments but are parking money they may well need in the medium term;
2. many cash ISA holders explicitly do not want to risk their capital for the reason above!
Rachel Reeves should ignore the bankers & listen to voters....
#DOGE Quietly Deletes the 5 Biggest #Spending Cuts It Celebrated Last Week - The cuts, highlighted on an earlier version of the “wall of receipts” posted by Elon Musk’s team, contained mistakes that vastly inflated the amount of money saved. https://www.nytimes.com/2025/02/25/upshot/doge-spending-cuts-changed.html #trump #cuts #lies #government #spending #savings #budget
The New York Times · DOGE Quietly Deletes the 5 Biggest Spending Cuts It Celebrated Last Week
Before the financial services sector try to dismember the cash ISA, perhaps they might first think about the £67bn in under-performing 'dog' funds; managed funds (taking big fat fees) but which have under-performed stock indexes in the last three years....
But of course in a sector patterned by big payments for under (no) performance, all they're interested is in getting rid of a competing product for savers so they can capture more fees!
Leave cash ISAs alone!
#investments #savings
h/t FT
If Rachel Reeves does cave into the growing pressure from financial services firms to scrap cash ISAs to 'encourage' more savers to invest in stocks & shares, ignore claims its to enable savers to get bigger returns or that its a part of a 'growth' strategy.
Its entirely about financial services firms wanting to have a larger group of people to charge for their (frankly) pretty inconsistent & over-priced services.
The bankers are not trying to help you... just themselves!
#savings
h/t FT
So not satisfied with trying to get its hands on pension fund surpluses, I see the financial services sector, is now trying to convince Rachel Reeves to downgrade tax relief(s) for cash ISAs because too much money is tied up in this low risk saving instrument which (they say) could earn better returns in stocks & shares...
Of course, that also means they would the get the fees, and savers would be exposed to more risk of losing their capital; exactly why many choose cash ISAs!
#savings
h/t FT
Replied in thread
@abcfeeds
Shop around people.*
With a bit of work, not too much, you can get a transaction account with no fees, or fees that are easy to avoid.
Any excess cash you have can go in a high interest account. Most have some criteria you have to meet, but again, not too much work for some of them.
You don’t have to keep all your money at the same bank. Look around and find the institution that meets your needs for the account type you are interested in. Just make sure the institution is part of the government’s financial claims scheme. Info. here https://www.apra.gov.au/financial-claims-scheme-0
This is a link to ranked savings accounts.
https://docs.google.com/spreadsheets/d/145iM6uuFS9m-Rul65--eFJQq_Au7Z_BA4_CwkYwu2DI/htmlview#
#commonwealthbank #auspol #banking #profit #savings #costofliving #finance
*This is not individual financial advice, I am not a financial advisor.
EDIT:corrected to FCS, added link to same.
www.apra.gov.auFinancial Claims Scheme | APRA
Calling all Retrojunk fans and collectors! The PlayStation Portal 30th Anniversary Limited Edition is back in stock at PS Direct for Cyber Monday, act fast if you want to snag this beauty. This limited edition variant comes in a special retro design, which is sure to bless and excite long-time PlayStation true believers. https://direct.playstation.com/en-us/buy-accessories/playstation-portal-remote-player-30th-anniversary-limited-edition?clickref=1101lzZiBxLo&app_clickref=1101lzZiBxLo&emcid=ot-ps-456950 #PlayStation #BlackFriday #Cybermonday #Thanksgiving #Tech #Family #TradCath #Adventist #Shopping #Deals #Savings #Retro #Sony
"The government could have the funds it needs for a Green New Deal, because a lot of people would choose to save in that way if only they were given the option. ...to invest in the long-term future of the young people of this country could be found, because many people of my age would want such investment to take place through their pension fund to ensure that their children, their grandchildren, or their nieces, nephews ..."
#democracy #savings #finance
#Savings #berniesanders #clock #time
The state of Vermont is confident Bernie will be sporting newsworthy mittens on Jan20, but early surveillance never hurts.
From the ar(t)chive…
Starving piggy bank cover illustration for the Dutch Intermediair magazine, early 2000s.
Today marks the start of Good Money Week which aims to help people find #sustainable and #ethical options for #banking, #pensions, #savings and #investments.
-Money that's good for people, the planet and our pockets.
Switching your accounts can make a massive contribution to creating a better world as I talk about in Step B - Better Banking: https://ethicalrevolution.co.uk/better-banking/
Read more about #GoodMoneyWeek at https://goodmoneyweek.com/
#TheOnlyWayIsEthics
-Money that's good for people, the planet and our pockets.
Switching your accounts can make a massive contribution to creating a better world as I talk about in Step B - Better Banking: https://ethicalrevolution.co.uk/better-banking/
Read more about #GoodMoneyWeek at https://goodmoneyweek.com/
#TheOnlyWayIsEthics
