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32d06/01

Is a 9k P2P sleeve even worth keeping when it's 4% of NW but most of my finance admin?

37, Vienna, IT, NW around 240k. Most of the invested part (~180k) sits in a VWCE-equivalent I barely touch. Standard boring setup, no complaints there. The issue is the small P2P sleeve I built a few years back, about 9k across three platforms (Mintos, LANDE, Maclear). On paper it's under 4% of my net worth. In practice it eats most of the time I spend on my finances. Rebalancing, checking auto-invest, reading platform updates, reconciling the annual statements for the Austrian tax return. The r

Social◇ unclassifiedeurope · usa · russia
32d06/01

Defunct Hong Kong bakery chain fined HK$251,800 over unpaid wages

A Hong Kong court has fined a now-defunct bakery chain HK$251,800 (US$32,127) over unpaid wages and other entitlements exceeding HK$1.3 million. A liquidator for Taipan Bread & Cakes, Taipan Restaurant and their parent company, Vast Luck, pleaded guilty at Kowloon City Court on Monday to 96 charges under the Employment Ordinance, after the group failed to pay 47 employees following the closure of all outlets on June 24 last year. Asked when the parent company could settle the fines, the...

◇ unclassifiedchina · asia
32d06/01⚠ coups-regime · 1/5

Buy and hold vs. active trading, how do you decide?

Been investing for a couple years now. Started out pure buy and hold, mostly index funds with a few individual names I liked. Felt like the responsible thing to do: don't touch it, let it ride, tune out the noise. But the more I watch the market, the harder that is. Something rips and I want to take profits. Something dips and I'm sitting there going, do I add or do I bail? So I started getting more hands-on, and yeah, results have been all over the place. Sometimes I nail the timing. Usually I

Social◇ unclassifieduk
32d06/01⚠ war-conflict · 3/5

Russia Bans Jet Fuel Exports as Ukrainian Attacks Cripple Refining

Russia is banning exports of jet fuel through November 30, 2026, as it looks to ensure domestic supply amid intensifying Ukrainian drone attacks on the Russian refining infrastructure. Russia on Monday announced it is temporarily banning jet fuel exports until the end of November to keep sufficient domestic aviation fuel supplies. Supplies under intergovernmental agreements are exempted from the ban, the Russian government said today. The ban is not expected to be felt on the tight international

◇ unclassifiedmiddle-east · russia · usa
32d06/01⚠ war-conflict · 3/5

Uber investigating after woman says driver went off route and locked doors

Uber is investigating a complaint involving three female passengers who said they felt threatened during an early morning ride home in Hong Kong, after the driver allegedly told vulgar jokes, deviated from the original route and locked the vehicle doors when asked to drop them off. The ride-hailing company said on Monday that it was aware of the allegations one of the passengers made online and had reached out to the driver as part of its investigation. “We absolutely do not condone this type of

◇ unclassifiedchina · asia
32d06/01

AI is real. The AI bubble is also real. Both things can be true.

I don’t understand why every AI debate turns into two extreme camps. One side acts like AI is fake and useless. The other side acts like questioning AI valuations means you’re some anti-technology caveman who doesn’t understand the future. The more realistic answer is probably this: AI is real, useful, and will change a lot of industries. But the current AI investment cycle still looks like a bubble. Not because the technology is fake, but because the economics are being priced like everything w

Social◇ unclassifiedsocial-signal
32d06/01

Gu Songfen, pioneering designer of Chinese supersonic fighter jets, dies at 96

Aerodynamics expert Gu Songfen has died at 96. He was the chief designer of China’s J-8 fighter jet family – the first home-grown supersonic fighter jet to counter US high-altitude reconnaissance aircraft. Gu was an academician of the Chinese Academy of Sciences and the Chinese Academy of Engineering as well as a researcher at the Aviation Industry Corporation of China (AVIC). He died in Beijing on Sunday night, according to a statement from AVIC. A farewell ceremony is scheduled for Saturday in

◇ unclassifiedchina · asia
32d06/01⚠ war-conflict · 2/5

Vietnam detains Australian man who trashed Da Nang cafe in late-night rampage

An Australian man has been detained in Vietnam’s coastal city of Da Nang after allegedly going on a shirtless late-night rampage through a cafe, causing extensive damage and forcing frightened customers to flee. The incident unfolded at Ge Cafe on Le Hong Phong Street in central Da Nang shortly before midnight on Friday, according to a detailed account posted by the cafe on its social media account. Local news outlet Tuoi Tre reported that ward police had identified the man as an Australian...

◇ unclassifiedchina · asia · australia
32d06/01

Chinese EV makers recover in May but competition remains fierce amid overcapacity woes

Sales of electric vehicles (EVs) in China recovered on solid footing in May, as new models fitted with higher-performance batteries and more advanced driver assistance systems drew consumers amid intensified competition. Zeekr, a premium EV brand owned by Geely Auto, the country’s second-largest carmaker, and Stellantis-backed Leapmotor rewrote their monthly delivery records, the latest sign that local government subsidies have whetted consumers’ buying appetite for big-ticket items. Although...

◇ unclassifiedchina · asia · usa
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