Sunday, September 19, 2021

Stock Market Crash

A little update on my investment portfolio ..it's now down $34.59 😭


My beginner's luck has quickly ran out.

In the time since my last post I've reassessed my plans a little though. I've realised that six months is really nothing -- or at least not enough to make a judgement. So I'm holding on to my stocks, effectively indefinitely. Unless there's something really dire that makes me want to sell some of them. I may even buy more (I've actually bought a little more since that last post).

So I'm looking more long term. I've also been learning about dividends, so that is now much more a part of my thinking.

Ironically, in spite of my downturn I think I'm now more invested than I was before. I'll keep updating periodically. I'm learning piecemeal, little by little.

My page can be found here for anyone that wants to know how not to invest:

Saturday, September 18, 2021

We Can't Have Euthanasia, We've Abused Abortion

The strongest argument in favour of abortion is the argument that it's merciful. Whether it's ever right to take life is always a moral conundrum, but even people who are strongly against abortion are generally sympathetic to this case.

(Leonardo da Vinci sketch of a
foetus in the womb)

It's thought a child will be born severely handicapped, to the extent that its life will only be misery. Or a foetus is deformed to the extent that it won't reach full term, or if it does the child won't survive very long once born. In circumstances like these it can be a lesser evil to end the pregnancy. In order to shorten any suffering that might be endured by the child.

Again, it's not easy to say what is truly right or wrong, and personally I'm not entirely sure what I would do as a parent in such a situation. I hope I'm never in that position. And of course every circumstance is unique, so it's difficult to draw lines and make blanket judgements. I can be fairly confident though that nearly all parents in such situations are heartbroken, and are thinking purely about what is right for their unborn child. What is best, or perhaps least worst, ..and nothing else.

This is how it should be. Parents love the unborn child. It is a precious life, and they try to do what they think (and hope) is right in its interests. Even if that means ending its life prematurely so it can avoid any needless suffering.

This however is quite different to abortion for wider social reasons:

"There are too many people on Earth."

"I'm putting my career first."

"We're not ready to start a family yet."

"We can't afford to have more children."

"Etc."

With all these examples the decision isn't made solely with regard to the interests of the precious being inside the womb. It's made for wider reasons. Reasons that are in the interest of the wider group.

An otherwise healthy foetus - that would've went on to live a normal human life - is sacrificed for the greater good. That is: for other people.

[Of course, people will often use the expression that it's only a "potential human life." However, all future life is only potential. I will potentially live another 50 years if I'm lucky, but if someone murders me that potential goes away. So what's the difference? Well, the reply often comes: "But a foetus is only cells - it doesn't suffer".

Okay, so what if someone murders me peacefully in my sleep tonight, in a way that causes no suffering to me? My potential years ahead are gone, and I didn't suffer. So again, what's the difference?

(And this is assuming that the countless abortions that take place are completely without suffering of course.)]

Anyway, you've probably guessed by now that I'm very much against abortion for wider social reasons. It's an act of sacrifice in my opinion, and I think it's wrong.

This brings me to another point in fact; and one that's often lost on people on all sides of this debate. You can deem something morally wrong, yet also deem it lawful. Just because you view abortion (in my case abortion for social reasons) as morally wrong, it doesn't mean that you therefore must usurp the power over that decision from a pregnant woman.

You can believe it's a woman's right to choose and believe it's morally wrong.

These things aren't necessarily mutually exclusive.

Personally I'm happy for there to be a balance between the mother's and the child's rights as far as the law is concerned. Obviously I don't believe people should have the right to abort babies far gone into pregnancy, but at the same time I can respect a woman's right to make such a decision up to a certain point in the pregnancy ..no matter how morally wrong I think it is that she's exercised that choice.

So I think we often get lost in the legal debate, and forget that we as individuals are entitled to have and to express our own moral viewpoints.

I'm not writing this to remove anyone's rights. I'm writing this to chastise people for the way they've exercised them.

This finally brings me to the title of this article.

Euthanasia, or assisted dying, is a very similar issue, and again, the best argument for it is that of mercy. That it's an act of kindness to help end someone's needless suffering. Like the argument for abortion at the start of this, it's an argument that everyone can sympathise with. No one wants to see unnecessary suffering, and few would hold it against someone if they sincerely helped a dying person to pass the final threshold of life more gently. Even those that are strongly against the idea in principle.

But..

..just look at how this sympathy has been abused with abortion.

How can we as a society be trusted to not take advantage of, or stretch, euthanasia laws for wider social reasons as well? Look at how readily we abort babies for these reasons.

In many ways it's been easier with abortion, as women's rights have been used as a wedge; - a counterbalance against the rights of the child. So it's a slightly more complex issue to navigate, as it concerns the rights of two separate, but intimately connected humans. It's not hard to imagine how euthanasia laws could likewise lead to a slippery slope too though. With the concerns of wider society overlapping so readily with the circumstances of the individual needing care.

People say "Of course we won't misuse this - it'll always be used purely in the interests of the person dying."

..but you already misuse abortion. It is rarely used in the interests of the child.

How on Earth can you be trusted with more leeway.

Monday, September 6, 2021

I'm A Capitalist Now.

Ooh, my Sainsbury's shares are up today.

Yes, shares. I recently opened an eToro account (!) I've invested £750, which is a lot for me -- almost a month's wages. This works out to be about $1000. So it feels like a nice round figure.

As this is a new little chapter for me it's probably a good time to post about it.

(I'm currently $14 up !!! - the powwwer!)

My philosophy so far is quite prosaic. I want tangible assets. So my basic thinking is essentially: "I can't afford to buy a house, so I'll do the next best thing and get a little piece of an actual real-world business."

I also think it's probably sensible to go with what you know. Hence Sainsbury's. Obviously I'm starting from a position of ignorance. 90%+ of the listed companies I've never heard of ..so for the time being I'll focus on what I know -- Amazon, Sainsbury's, Morrisons, Tesco.

It's not exciting, but I know these places; I use these places. I actually like them (yes, I like Amazon). I have real world experience of them, so I can be fairly confident they'll still be around going forward.

Saying that though, and slightly more excitingly, I've also invested in some mining companies too. I like metals. (I bought some actual physical gold this year as well, which feels incredibly miserly, but having miraculously saved up some cash I've been mindful of inflation. So you can see where my thinking has been heading this year.)

I'm largely in the dark though with these mining companies. Aside from reading a few articles and Wikipedia pages, and watching a few YouTube videos, my knowledge is zero. So we'll see where things go.

They are at least tangible things to invest in however, whatever risks I'm taking. In fact, this brings me to things like Bitcoin and meme stocks, which I'll be staying well away from. I think you can make money from Bitcoin, but ultimately I view it as a Ponzi scheme. I don't like the idea of putting a month's wages into blips on a computer screen. Something which only derives its value from the confidence other people place it in.

Of course, people will often say this is no different to standard paper currencies, which equally derive their value from nothing but confidence. However, this isn't true. These currencies have value because they're backed by states. As long as there are 300m+ Americans that need to pay their taxes and bills in dollars the dollar will always have value. Whereas no-one needs Bitcoin.

Plus, people aren't really using Bitcoin as a currency. They're just buying it as an asset.

Again though, as before, this isn't to say that you can't make money from Bitcoin. You most definitely can, and people most definitely are. At the moment there are always new people coming into the market wanting Bitcoin. People like me for example, that have recently opened something like eToro. They generally think;

"Ooh, Bitcoin is fashionable, and it's up in value, I'll get a bit of that in my portfolio."

So almost everyone (except me) has a little bit invested in it, and there's an endless stream of new investors coming in adding to the pot. Helping to raise the value in their own little way. So a Ponzi scheme. (At least in my opinion anyway -- it's possible I could be missing something. Feel free to leave a comment explaining what that is.)

Perhaps if I was craftier and smarter I'd invest and take advantage of this hype too, but I fear I'd end up being one of the dupes. Left holding a big parcel of nothing when the music stops.

Anyway, I've disappeared off on a bit of a tangent. Returning to my own little portfolio my hope is to make $100 over the next six months or so. Not so much for the money, but more as an indication. If I can make circa $100 then that shows I can potentially make money actively. So I'll then scale things up and plough more time and money in going forward. If not I'll probably hold on to the shares and watch what happens, but otherwise step back and focus my time elsewhere.

Plans could change as I learn more though.