• 6 Posts
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Joined 3 years ago
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Cake day: June 11th, 2023

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  • It could be, alternatively if the company goes out of business tomorrow you lose.

    The question you need to ask yourself is how it will do vs other options, I’m no investor by any means but I’d be wondering:

    a) would an index fund beat it long term (historically you might see 7% annual gains on a fund that tracks NYSE over the same period)

    b) why is it trading below its face value - everyone has the same information about this bond in theory, therefore bond traders are aware of the same thing, if it was a great deal it would be in demand and the price would rise. So someone more experienced than us has accounted for the return and the risk/reward for them says $80 is right.

    c) does it beat inflation - $450 payoff seems nice now (assuming you save up all those $5s) 30 years ago it would’ve seemed even better, but $100 in 1997 has the spending power of $200 today - in 70 years time the $450 might have the equivalent spending power of $100 today. Which is to say your real terms return may only be $20 over 70 years.















  • What in the everloving fuck. I had some kinda specific symptoms one weekend, I called the doc on Monday, he said come in this afternoon (must’ve been a bit worried, getting an appointment normally takes longer, I don’t want to misrepresent this).

    I went in, we had a chat, he said come back tomorrow for a blood test. I dutifully went in for the test and went home. 8PM that night I got a call from an out of hours doctor, they said get yourself to A&E (emergency room). More bloods taken, I was triaged and admitted (which took about 36hrs - was a heavy time, I wasn’t super urgent).

    Spent the next 5 weeks in hospital, I now have a life long condition which necessitates a lot of pills that I’ve been taking for a few years now.

    Total out of pocket cost £0.

    People still try to claim the US system is superior.