Journalists Should NOT Learn How To Code – Here’s Why...

[Daily Financial Journal]( [TODAY'S DEAL: Honestly, you should get this book](mailto:editor@dailyfinancialjournal.com?subject=Give+me+my+top+stocks+for+2020&body=Give+me+my+top+stocks+for+2020) Todays Top News [Journalists Should NOT Learn How To Code – Here’s Why…] Journalists Should NOT Learn How To Code – Here’s Why… There’s a popular meme called “learn to code” that gets thrown around whenever journalists are fired or laid off from their jobs. See, journalists did this thing a couple of years back where they told out-of-work miners and labor workers to “learn how to code” if they wanted to find a new source of income. But they did so in a very condescending manner, smugly looking down at them from their ivory towers. Well, that suggestion has come back to haunt them, but perhaps this Internet meme is dying and exhaling its last breath. There’s a new kid in town called the “No Program Movement” that now puts the jobs of computer programmers at great risk. The “machine inferred code similarity” (MISIM) is an algorithm developed by Intel and MIT researchers that can… well, create algorithms. The computer can program itself, and the entire process of programming can be automated. Gone are the endless hours of sitting at your computer desk at 3am in the morning to solve a tiny bug that won’t allow your program to execute properly. And this is a VERY hot market: People who are dumb with technology can finally do in an hour what coders have spent several years of grueling labor trying to do. Low code or no code, this will become the future of technology. But on the other hand… there is something to be said for wisdom and acquired experience. It’s one thing to avoid doing the work of learning programming code, but it will end up biting you in the ass when you can’t troubleshoot something. When this happens, the coders and programmers will quickly find themselves becoming 10x more useful. Rather than design the code, they’ll end up having to be the repairmen for when a 20-something kid in Human Resources screws up yet again and can’t figure out what’s going on with her brand-new tech system. What do YOU think about this movement? Should programmers and coders start worrying about their livelihoods, or is this all a big-nothing burger? Reply to this newsletter with your experience and let us know if we’re onto something! Investing [Who ACTUALLY Wants Their Kids Back in School Full-Time? 36% of Parents, Apparently…] Who ACTUALLY Wants Their Kids Back in School Full-Time? 36% of Parents, Apparently… People are taking a break from the face mask debate to argue over whether children in K-12 should be returning to school full-time in September or not. And just like last time, any parent who wants to send their kids back automatically hates teachers and wants them to die. Well, according to a Gallup poll recently conducted, fewer parents are thrilled about the idea… - 36% of parents want full-time in-person school to resume in the fall, compared to 58% when the survey was done two months ago. - 28% of parents want full-time schooling to be 100% remote, up from 7% when this survey was last conducted. - The leftover 36% wants a 50/50 split between in-person lectures and remote learning. - 68% of Republican parents favored full-time in-person school, versus 13% of Democrats There’s a couple of factors at play here, so let’s discuss them very briefly. One, parents are incredibly fearful of their children contracting COVID-19. And two, parents have dipped their toes in homeschooling and have finally seen the light – you don’t need the public education system to set your child up for success as an adult! However, it’s very surprising to see more parents favoring remote teaching. It was a total disaster for the last few months of the previous school year, and I highly doubt things have improved significantly since them. If it was up to me, I would homeschool my children and forget about all of this mess. Besides, it’s a great excuse to spend more time with my family and deepen our roots during the current health pandemic… Don't Miss This [Diversity Training: Unprofitable, Ineffective, and Plain Stupid] Diversity Training: Unprofitable, Ineffective, and Plain Stupid Ah, “diversity training.” The latest mandatory practice being shoved down our throats by corporate overlords who are scared of offending vocal minorities and having their brand image tarnished. Everyone has to sit through endless lectures about white privilege, micro-aggressions, trigger warnings, safe spaces, and made-up acts of discrimination and prejudice. All so that everyone can come from different backgrounds, look different, and yet act and think the exact same way. News flash: IT DOES NOT WORK! According to sociologists Alexandra Kalev and Frank Dobbin, they spent the last 30 years looking at diversity training and how it impacted 800 different companies. The end result? Reduced sympathy for white people who happen to be poor, useless conversations that are robotic in nature due to fear of saying the wrong thing, and even further division between races. In other words, the best way to benefit from diversity training is to NEVER have it at all. Seriously. All you’re doing is creating a market for consultants in diversity training who will charge several thousands of dollars to spew up garbage advice. It’s now been proven to fail and it doesn’t deserve another dime from our pockets, nor another second of our time. Let’s allow it to die out and keep its remaining dignity before it further tears apart the social fabric of our great nation. Have YOU ever had to go through diversity training in your place of employment? If so, how did it turn out? Reply to this newsletter and share you horror stories with us! [Robinhood Day Traders vs. the Stock Market: Are They Winning Yet?] Robinhood Day Traders vs. the Stock Market: Are They Winning Yet? We’ve had a couple of months to observe how Robinhood traders fare in comparison to the stock market as a whole. We’ve seen the headlines of exceptional successes and failures, but now it’s time to see if their reputation can outlast the hype. MarketWatch contributor Nicholas Abe compared the performance of the Russell 1000 – the one thousand companies in the U.S. with the highest market capitalization – against the most widely held stocks on the Robinhood brokerage platform. His findings were rather fascinating: Despite having a MUCH higher risk appetite compared to the typical Russell 1000 stock, popular Robinhood stocks showed greater returns than the Russell 1000 between early March and early June (4.73% vs. 2.97%). Whether this superior performance remains exclusive to the COVID-19 pandemic is yet to be determined. For all we know, these Robinhood traders could easily crash and burn once the market fully recovers and resumes normal trading activity. But until that happens, Robinhood itself is starting to become a must-watch market mover. So not only do institutional investors have to worry about their usual competitors, now they have to also monitor the activity of Robinhood investors. Speed and short-term thinking will be greatly rewarded over playing the long-term game of patience… at least for now. Let’s check back in another 6 months and see if Robinhood traders can outperform the legendary S&P 500, which even Warren Buffett is struggling to keep up with in 2020! [Why Are Rich New Yorkers Buying Up Second Homes in Droves?] Why Are Rich New Yorkers Buying Up Second Homes in Droves? With an untold number of NYC residents fleeing the city for better pastures, some wealthy New Yorkers are staying back. Either they couldn’t escape fast enough and are forced to stay by lockdown orders, or they’re… buying more properties!? I thought it was weird too, but a recent piece from Business Insider reveals a much more cunning strategy behind this seemingly paradoxical move. They’re either using these second apartments as working spaces to create a productive office environment, or they’re renting them out to other people. Perhaps both. Whether it’s a $200k contract or a few-thousand-per-month for a few hundred square feet, they want nothing more than to escape their present surroundings. Even average NYC inhabitants are on board with this movement, renting out these second properties from the rich for a few hours at a time. One woman even said she paid $50/hour for two hours to take a mental break from her boyfriend! As one of the cities most affected by COVID-19, dealing with the virus and the skyrocketing crime rate can be mentally exhausting. And despite financial hardship in one of the world’s most expensive cities, people are forking over cash to take a break. Just goes to show you how even living in the Big Apple won’t do anything to make you happier or less stressed. If anything, the exact opposite is more likely to happen… [Your Next Home May Have a Pre-Installed Home Office…] Your Next Home May Have a Pre-Installed Home Office… Setting up a good-quality home office in your current residence can be a timely and costly endeavor. Once you figure out where you want your office space to be, you’ll end up dishing out a few thousand dollars to make all the renovations and get all the equipment you need. Or… you can simply buy a home where office space is already pre-built! This is the new angle KB Homes is taking to appeal to buyers within the real estate market who are now 100% remote with regard to their full-time jobs. From the press release drafted by KB Homes: “…[the home office] is a dedicated room that delivers comfort, function and aesthetics …. In this private workspace, homeowners can host online presentations or small in-person meetings and boost their productivity.” We’re talking about all the fixes: Tons of electric outlets and USB charging ports, an unreal amount of desk space, built-in shelves for all your books and equipment, special lighting, installed soundproof walls, and so much more. If you ask me, this is a SMART move from KB Homes. Even if people aren’t planning to work from home on a regular basis, there is a dramatic shift of interest towards doing so. To quote the great Wayne Gretzky, “They’re going towards where the puck is GOING to be, rather than where it is right now.” [Vote Now] PS. How useful did you find today’s update? 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