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4 Reasons You Should Run Away From SPY, IVV, VOO And Other S&P 500 ETFs
I keep hearing this. Interesting that this is from Dec 2017, when everything went on to rally for 9 months before crashing 20% in the last quarter of 2018.

Then the first 4-5 months of 2019 were a 15% rally followed by a lot of sideways volatility.
investing-ideas  warnings 
12 days ago by daguti
Is Your Retirement Fund Ruining Our Economy? : Planet Money : NPR

I need to re-read this. Not really understanding where the problem is. If people just dump money into index funds and leave it alone, what is the bubble?

Maybe this is a paradigm shift for valuations, where the "new normal" is just everyone pouring money into index funds.

Also, I hate this idea that the status quo is any better:
"Actively buying and selling stocks and bonds provides a service to the market: It's called "price discovery.""

Fucking idiot financial advisers recommend stocks based on what they are getting commissioned off of, not the best value for their clients.

While I understand the concerns about having Vanguard, et al being the largest voting shareholders, I didn't see the part of the article that talks about *why* overvalued indexes will crash.

Like what will cause the panic that causes everyone to sell at the same time?


I found this link in my work email, having sent it to myself on 2019-07-28:

It talks about the passive investing boom causing a bubble.
investing  stock-exchange  warnings  large-systems-bubbles 
12 days ago by daguti
Three pitfalls to avoid in machine learning
As scientists from myriad fields rush to perform algorithmic analyses, Google’s Patrick Riley calls for clear standards in research and reporting.
machine-learning  warnings  awesome 
11 weeks ago by hschilling
Gilles Frydman, Founder of How Self-Advocacy Saves Lives | Living Well | Patient Power
The story is just amazing and reiterates the point that I've always said: NEVER TRUST YOUR DOCTOR. Do your own research. Ask questions. Get a second opinion. Doctors are not God. They only know what they've been taught and - to start with - who knows if they are "followers" or "real thinkers" ?

And on top of that, the post-medical school education is all on the doctor. They have to have an interest in reading and keeping up to date.

I am not going to trust that someone I just met is in the 20% minority of people who are passionate about their job, ravenous about continuing education and a real hardcore thinker about problems, rather than a follower.
people-i-know-in-the-news  medicine-doctors-or-hospitals  warnings 
12 weeks ago by daguti
Inside the Wildly Popular Forum Where Landlords Plot to Screw You Over - VICE
Make sure you read leases carefully. Example:

one landlord said if he had this clause in the lease when the tenant brought up asbestos concern, he could have kicked the tenant out by claiming "uninhabitability" and just rented it to someone else who wouldn't know about the asbestos issues. What an asshole!

"DAMAGE TO PREMISES; If, by no fault of Tenant, Premises are totally or partially damaged or destroyed by fire, earthquake, accident or other casualty that render premises totally or partially uninhabitatble, either landlord or tenant may terminate this agreement by giving the other written notice."

Reminds me of the Margheritas - I really wish I had stuck it to them when the roof damage was causing mold issues.
apartments  warnings 
12 weeks ago by daguti
It's all fun and games until your asshole is covered in open sores... : Swingers
"Months ago I wrote a glowing review of my experience thus far as part of a full-swap couple entering the lifestyle after years of monogomy. Casual sex with hot people was thrilling. Sex with women for the first time was satisfying. Group sex was our new favorite hobby as a couple. We couldn't get enough of getting dressed up, going out with other fun adults, eating good food, sharing stories, and having hours of sex with them. It felt like a dream come true.

As months went by we got really fucking good at the whole thing - sending a short but charming initial message, planning to meet quickly if we were able to sustain an interesting group chat for a few minutes, graciously declining to meet when we weren't feeling it, booking the room, packing the fuck bag, and taking the lead during dinner and drinks to make sure it was clear we were down to fuck. We were killin' it, quite honestly. Looking good, feeling good, feeling confident...

8 months, 9 couples, several repeats with couples...I got tested in March and was clear. We always used condoms. We were never into anonymous sex club sex - we were more into spending a few hours together before hooking up. I don't know why I thought that was some sort of protection against STIs because it wasn't.

I'm solidly into my 30s and now have HSV2. Specifically, anal herpes. We're over here trying to crack the case and figure out who exposed us and it's just pointless. 80% of carriers don't even know they have it. Somehow both my husband and I are in the 20% who sure as shit know they have it because our genitals and my asshole are in a world of pain.

I feel lucky that I have this virus for life after already having found my life partner. I don't have to attempt to date and find love with this stigma hanging over me. I feel horrified to see my body like this. I went from feeling so sexy and desirable and horny, knowing that we had dates lined up in the future and are alive and vibrant to...literally screaming from the pain of urination. We haven't had sex with each other in a week. Sexual is the last thing I feel. I feel like a fucking idiot.

So now we are accepting that we have a lifelong, incurable virus. I guess my anus will periodically be swollen and covered in oozing blisters for the rest of my life. We have to cancel all future dates. Might as well delete the paid accounts. And was it worth it? We should have been more selective. We should have slowed down. There were definitely experiences we could have lived without. If one of those experiences gave it to us, that's infuriating. If one of the mind-blowing, hours long fuck sessions we loved so much gave it to us...was that worth it? No, probably not.

We are in a really dark place right now. We both feel guilty and like we led each other into this and that it's our fault. We feel mad at whoever exposed us but know he or she might not have known. We feel sad at the loss of our new hobby because we know our chances of disclosing and still getting laid are nonexistent. We feel physical pain and embarrassment and regret.

Swinging was fun while it lasted, but we do not see a way forward at this point. Enjoy it, those of you who still can."

"I'm incredibly sorry for the pain right now you're in. I want to offer a little perspective.

This probably doesn't help what you're currently feeling, but the vast majority of the population carries herpes simplex. 90% of the population will catch some form of HSV before they die. It sucks that we as a society have such a stigma based around the virus if it presents on your genitals, but if it's on your mouth it's fine and dandy.

Get Valtrex if you haven't already. If this is your first outbreak, it most likely WILL be your most painful one. For many, it'll be their only outbreak. For many more, they won't get outbreaks unless they're really stressed out. Even if you get frequent outbreaks, most people get far less of them if they take Valtrex.

I want to put this into perspective for you - I used to be a daycare teacher. I was always getting sick, despite washing my hands, being sanitary, keeping a distance from the kids, doing my best to keep them sanitized.

Yet, still... every other week I had a sore throat. Every week and a half I had a cold. I wish I was joking on frequency. I was sick more than I wasn't sick. OTC meds and cough drops became my best friend. I am relieved it was only a temporary position.

Do you know what I would have chosen given the choice of having a sore throat and a cold every 2 weeks for the rest of my life (+ zero stigma) vs having a normal/average case of HSV2? HSV2. If those were my only 2 options, HSV2 all the way.

Had you caught this virus non-sexually, had it been a case of acne or a skin condition that had nothing to do with sex but presented on your genitals, I'm sure it wouldn't be fun, but you wouldn't feel attached shame. Please know this - HSV2 is not a "punishment" for having sex.

We feel sad at the loss of our new hobby because we know our chances of disclosing and still getting laid are nonexistent.

This is not true. Will you be able to do this as spontaneously as you have been? No, probably not. But does this have to be the end of lifestyle adventures? Absolutely not.

The irony is with HSV2, you're actually less likely to contract it from someone who knows they have it and is taking daily antivirals than an unknown carrier. MTF transmission rate per year w/condoms - 1%. FTM transmission rate per year w/condoms - 2.5%.

If you disclose with the facts and show you're responsible about not passing it, you'll still have options. Make new profiles if you want. Have discreet photos if you're concerned about people finding out. Put your status on your profile, make sure people have read it before meeting.

Herpes is not a consequence. There is no good protection against it because it's the result of being a human who comes into skin contact with other humans. I promise you, I know you feel shame right now, but herpes is by far the most harmless of any STI you could've caught, and the only reason it's the most stigmatized is because you can't take a pill to completely cure it.

(On a side note - if anyone has HSV with bad breakouts, regardless of location, pm me - I have a great site I buy any prescription pills I need on there, and generic Valtrex is something like $20 with a $5 online doctors visit added. First purchase is $25 off. I'm not getting anything out of promoting them - I just love them and don't think anyone uninsured like myself should be denied basic medication or pay hundreds.)" (someone else commented that the 90% figure is wrong)
swinging-related-to  disease  warnings 
july 2019 by daguti
Zelle, the Banks’ Answer to Venmo, Proves Vulnerable to Fraud - The New York Times
"Big banks are making it easy to zap money to your friends. Maybe too easy.

Zelle, a service that allows bank customers to instantly send money to their acquaintances, is booming. Thousands of new users sign up every day. Some $75 billion zoomed through Zelle’s network last year. That’s more than twice the amount of money that customers transferred with Venmo, a rival money-transfer app.

But the same features that make Zelle so useful for customers, its speed and ubiquity, have made it irresistible to thieves. Hackers and con artists have used the system to steal from victims — some of whom had never used Zelle or even heard of it until someone used it to clean out their bank accounts.

Interviews with more than two dozen customers who had their money stolen through Zelle illustrate the weaknesses that criminals are using in targeting the network. While all financial systems are susceptible to fraud, aspects of Zelle’s design, like not always notifying customers when money is transferred — some banks do; others don’t — have contributed to the system’s vulnerability. And some customers who lost money were made whole by their banks; others were not.

For the banks, Zelle is a big — and must-win — bet on where money is headed. As consumers become increasingly accustomed to splitting dinner checks, paying for their coffee and hailing an Uber without touching paper money, banks are rushing to stake their claim on the wallet of the future.

■ Take our quiz to find out how often your personal data has been exposed to hackers.

■ What to do if your email has been hacked.

■ How to protect yourself from ransomware attacks.

In recent years, apps such as Venmo (which is owned by PayPal), Popmoney, Square Cash and Apple Pay made digital cash transfers quick and simple. Banks were falling behind. So they joined up to create a rival product, run by Early Warning Services, a Scottsdale, Ariz., consortium that is jointly owned by seven large banks.

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Last June, Early Warning introduced Zelle. It is built directly into each bank’s mobile app, making the system easy to use for customers — or thieves who gain access to their accounts.

The scale of the problem is hard to pinpoint, because Zelle is fairly new and banks do not report much data about it. But banking analysts say they have seen some alarming incidents.

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“I know of one bank that was experiencing a 90 percent fraud rate on Zelle transactions, which is insane,” said Genevieve Gimbert, a partner in PwC’s financial crimes unit. Most banks have strong authentication and fraud-detection controls for Zelle, she said, but some “just implemented it without any protections” like two-factor authentication and user-behavior monitoring.

Zelle said the problem was under control.

“There are very few incidents,” said Lou Anne Alexander, Early Warning’s head of payments. “When there is a problem, we and the banks are proactive. It’s not something we’re putting our heads in the sand about.”

Eighteen banks in the United States, including most of the biggest players, are using Zelle, and 70 more are in the process of setting it up. Collectively, they connect about half of the traditional checking accounts in the United States. Cash transfers within the network often take place within seconds — much faster than on most of its rival payment services. That has made it more difficult for banks to halt or reverse illicit transactions.

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Security is a cornerstone of Zelle’s marketing campaign. In one TV commercial, Daveed Diggs, an actor and rapper known for “Hamilton” and “black-ish,” is encouraged to pay for playoff tickets through Zelle by another actor who raps: “You can send money safely, ’cause that’s what it’s for, and it’s backed by the banks, so you know it’s secure.”

But the system has had problems. Brian Kemm, a Bank of America customer in Pasadena, Calif., lost $300 because of a misdirected payment.

Brian Kemm, 31, a Bank of America customer in Pasadena, Calif., lost $300 last November because of a misdirected Zelle payment.
Melissa Lyttle for The New York Times

ImageBrian Kemm, 31, a Bank of America customer in Pasadena, Calif., lost $300 last November because of a misdirected Zelle payment.
Brian Kemm, 31, a Bank of America customer in Pasadena, Calif., lost $300 last November because of a misdirected Zelle payment.CreditMelissa Lyttle for The New York Times
To transfer money through Zelle, the sender enters the recipient’s phone number or email address. Zelle is built on the assumption that each of those identifiers is unique to one person.

Last November, Mr. Kemm tried to send cash to his mother, Carol Kemm, who is also a Bank of America customer. He typed in the mobile phone number Ms. Kemm had been using for at least three years and hit “send.”

“She told me she didn’t get it, and my first thought was, ‘Mom, you’re not being very tech-savvy,’” Mr. Kemm said. “Eventually, after a few days, I realized it really didn’t get there.”

When he called Bank of America’s customer service line, he learned that the $300 had been transferred — to a JPMorgan Chase bank account, whose owner had registered the same phone number Ms. Kemm used. He said he was told that there was nothing Bank of America could do to get his money back.


Mr. Kemm filed a police report and a fraud claim with Bank of America. On Nov. 30, the bank sent him a reply: “Our records indicate that we initiated the transfer in accordance with your instructions. As a result, your account will not be credited for this claim.”

After being contacted for this article, Bank of America said it would refund Mr. Kemm.

“In general, in cases in which the mobile number was previously registered to another person and directed to that account, we’ll work with the receiving bank to reverse the transaction,” said Betty Riess, a bank spokeswoman.

Another Bank of America customer, Heather Pocorobba, went hunting on March 18 for tickets to a Justin Timberlake concert. On Craigslist, she found two good seats for $260. The seller suggested she pay with Zelle.

“I naïvely believed that since my bank uses it, the accounts must be connected to real people, with some sort of protection built in,” Ms. Pocorobba said.

As soon as she sent the cash, the seller stopped answering her text messages. She never got the tickets — or her money back. She reported the fraud to the police and her bank.

Bank of America’s fine print about Zelle tells customers: “You are protected by the same security you’re used to where you will not be liable for fraudulent transactions.”

The catch is that the bank, like all the others that use Zelle, only considers transactions fraudulent if the customer did not authorize them. When a customer knowingly sends money to someone, the bank offers no protection against rip-offs. (Credit cards, by contrast, protect users against such scammers.)


“We’re committed to ensuring consumers are aware of potential scams, including reminding them that Zelle is intended for sending funds to friends, family or people they know,” said Ms. Riess, the Bank of America spokeswoman.

Bob Sullivan, an author who specializes in cybercrime and consumer protection, said he was stunned by how poorly the banks had communicated Zelle’s risks — and by their failure to learn from the painful lessons of the past.

Jane Butler, a Wells Fargo customer in Downingtown, Pa., said she first heard of Zelle when it was used to steal $2,500 from her bank account.
Bryan Anselm for The New York Times

Jane Butler, a Wells Fargo customer in Downingtown, Pa., said she first heard of Zelle when it was used to steal $2,500 from her bank account.
Jane Butler, a Wells Fargo customer in Downingtown, Pa., said she first heard of Zelle when it was used to steal $2,500 from her bank account.CreditBryan Anselm for The New York Times
Craigslist, PayPal and Venmo faced early criticism for leaving users vulnerable to fraud. In response, each made changes. Craigslist, for example, added a warning about scams on every sale listing. PayPal increased the protections it offers on some digital sales and provided a detailed disclosure about what transactions it will and won’t protect.

And Venmo — which, like Zelle, does not protect users if a seller does not deliver what they promised — upgraded its security policies in 2015 to better detect fraud, including by notifying customers when someone adds an email address or new device to their account. This year, the Federal Trade Commission criticized the company for not having those protections in place from the start.

Customers have to hunt on Zelle’s website to get to this red flag: “Neither Zelle nor the participating financial institutions offer a protection program for any purchase or sale conducted using Zelle.” Some banks, such as JPMorgan, don’t notify customers when new recipients are linked to their Zelle accounts.

David Nowicki, a BB&T customer, discovered in March that someone had gained access to his online accounts and used Zelle to steal $4,000. Mr. Nowicki said he had never received any email or phone notifications about the transactions, or about a new computer accessing his account.


After he filed a fraud claim with BB&T, and a police report, the bank refunded his loss.

“We have multiple layers of security measures… [more]
warnings  money 
july 2019 by daguti
Trigger warning | Geek Feminism Wiki | FANDOM powered by Wikia
(This is a pretty handy intro to trigger warnings that you could pass along to folks who might not be familiar with them.)

“Trigger warnings are customary in some feminist and other Safe spaces. They are designed to prevent unaware encountering of certain materials or subjects for the benefit of people who have an extremely strong and damaging emotional response (for example, post-traumatic flashbacks or urges to harm themselves) to such topics.”
triggee  warnings  triggerwarnings  canonical  geek  feminism  geekfeminism  2019 
june 2019 by handcoding

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