Readit NewsPut 800 euro a month into an investment account and you’re a millionaire by age 50.
There is so much art in the world, I've heaps.
Support minor artists.
A few years ago, there was a story out of Chicago: like many cities, it has a program where they have a small annual budget to purchase art from local (minor) artists and display it in municipal buildings. There was a painting they had purchased and hung up in the convention center. Over the course of approximately 3 decades, tens of millions of people walked past it until one of them said “hey, that guy is really famous now” and the convention center decided that maybe they shouldn’t let it sit there where anyone could grab it and run out the door. They put it up for auction and got more than $20 million for it.
If I decide to buy a Toyota Camry and keep it for 10 years, my biggest risk is dying of boredom. If I decide to buy a Xiaomi EV and keep it for 10 years, I am risking it becoming a brick after 5 or less. If you want to take that gamble, I am all for it - I get to learn from your experience.
Consumers have a tendency to pay loans back early when the bank doesn’t have any more profitable alternatives. Consumers also have a tendency to NOT pay loans back early when the bank does have more profitable alternatives.
But you know that the first situation is worse for the bank than the second situation. So they do account for this, to a degree, when they give you a loan. In theory they would be willing to give you a lower interest rate if you gave up your prepayment option. In theory. In reality? Who knows.
Every home owner in the US would be against it (especially the ones who got their mortgages in the past two years at relatively high interest rates).
One argument is that it could allow for lower rates, BTW. (This is true, it very well could).
And also, if it happened it would be for newly issued mortgages. Existing mortgages have language in the contract that you couldn’t just unilaterally change
The Trump admin has floated the idea of allowing prepayment penalties in home mortgages, BTW.
Some various things I've read out of Australia suggests that Chinese EV makers support their old cars about as well as phone makers support Android phones.
In other words, I am perfectly happy watching from the sidelines to see how it plays out. Someone else can take this risk.
https://www.govtrack.us/congress/bills/119/s3283
Still, good to be aware of what is out there. Call your representatives on anything you see that sounds like a bad idea.
And especially, if you’ve noticed, lately the Senate has taken to gaveling into session for the sole purpose of declaring a recess until the next day - being in session for less than 30 seconds a day! Today, they were in session for 11 seconds…
The base load is heavily nuclear and doesn’t adjust very quickly; there is a lot of installed wind and solar capacity. The past few days have been bitterly cold but also windy and sunny.
Today the wind was a pretty solid 15-20 mph with gusts into the 30s. The high temperature today was 9F (-12C). With no clouds whatsoever. Solar panels go crazy when it is cold and bright.
And it could even be tweaked slightly with some favourable refraction.