Search results

Eh, unless I'm missing something, the CAGR of the market is 10% (7% after inflation). That number already accounts for what you're saying. http://www.moneychimp.com/features/market_cagr.htm Edit: With your last two examples, you're basically cherry picking a single year where the 4% rule...

You'd probably be okay doing just two years (very few bear markets last longer than that; basically the 60's is about it). And after the first 10 or so years, you'll know whether sequence of returns has fucked your portfolio. If you last those first 10 years, you should be good to go.

She's not a particularly good actress. She only really had a career because of her family name and she was attractive when she was young. Not sure what she brings to the table now.

Stop flaunting your unimaginable wealth.

I'll echo that about not even having bonds anymore, mostly because the yield just isn't there. But if you were, I would put them in something like a taxable. Save your tax advantaged accounts for equities. As far as fund choice, I prefer total market. Index funds that mirror the SP 500 are...

That's why we sold and moved across the country when we did. I didn't want to chance it going into summer that the market would shit itself. It may have cost us some money, but oh well.

It'll be interesting to see what happens in June. Hopefully they don't extend the forbearance another few months. July could be a bloodbath for real estate. Or not.

May as well just say, "I hate money." https://www.yahoo.com/entertainment/52-year-old-dave-bautista-quitting-guardians-of-the-galaxy-shirtless-scenes-161106134.html

Yeah, that was my original plan. But then we started looking more and more in areas that are flood prone, and so I just figured I'd add it as part of the house. Plus it makes it easier to heat/cool. I think also when I had planned that, we were wanting less gym. Now I want 400 sqft, and that...

It's easy to look like a genius in a bull market.

I think that was actually my biggest question, and I'm glad you answered since the reason I posted was because it looked from your last post like you were getting ready to build.

I imagine we have quite a few people who have built houses before, but it's a new one for me. And I've got several weird timing things that I'm not sure there is good advice for (unless you're a psychic and know that land will start becoming cheaper). Essentially though, I'd like to build a...

Ours was to leave the fridge (which we planned on doing anyway) and to summer-ize the swamp cooler, fix a breaker that had two hots running to it (somehow our inspector didn't catch this), and a minor plumbing fix. Total was about $200. That said, I fixed damn near everything myself prior to...

Market starting the day off over 1% down. Looks like a bloodbath for everything.

I'm not posting in the crypto thread anymore because it just turns into a shit show, but this is why I don't consider these an "investment." There's nothing backing any of these up except speculation. What's the bottom for Ethereum? Is it $2k? $1k? $25? Could it evaporate tomorrow?

I don't want to derail this further, but you should check out the Sound City documentary. It's partly about the location itself, but there's a good amount about the equipment they used. It was completely analog, and they spend a good amount of time discussing the transition music had to digital...

Likely as a form of staging, so you have an idea of what the space looks like. Or, in the case of my wife and I, we weren't completely moved out when they took pictures. I will say W&D is one of those ones I wish we'd have moved with us. Fucking things are crazy expensive now. Furniture too.

Nice, I had forgotten about Man Eater. It got pretty decent reviews and I bet would be good for 10-20 hours.

Yeah, fuck stock picking. I took a 50% dive on AMC (although a lot of that was because of the fuckery). Put what was left into PLTR, and I'm down another 25% or so on that. It's such a small amount, but when the bullshit meme stock goes back up, it's kind of salt in the wound.

My guess is you're undervaluing your refrigerator (not that it matters too much). Having just moved across the country we got rid of almost everything since it's super expensive moving stuff that far. Huge mistake. The everything shortage means everything is super expensive.

Essentially people are calling it a 30 year bond bubble. It popped and now they're shit. Until interest rates go up again, there's not a great reason to be in them. Interest rates rising will crush current bonds even further into the toilet.

Or I was in business school from 2009 - 2011 and wrote a paper on what happened with the mortgage crisis. Not everyone gets all their information from pop culture.

PLTR further into the shitter. Into the 17's now. I really should've just cashed out and cut my losses instead of investing in this dud. Really thought it'd soar with how much the Biden administration seems to love controlling and surveilling citizens.

This is the correct answer. The "housing crisis" was bad lending. The "economic collapse" was bad MBS's (the tranches), and CDO's (the insurance/leverage sold multiple times).

My guess is because the price is so high. Crypto speculation comes from people hoping to hit a mega jackpot 10,000% return. With BTC at 50k+ that's basically impossible anymore. Why waste your time with BTC whose returns are going to be 10% when you can strike it rich with some retarded meme...

For shame, Chuk, for not Worfing that post. I laughed pretty hard at "is that the one with Scott Bakula."

Soon we won't have meat or gas. Just as the Great Reset calls for.

Kind of hoping the market stays red today. Seems like we haven't had a real, significant down day in forever. We've had quite a few "big" drops (2%), but they always bounce back to close down maybe 0.5% or something.

Geez, PLTR in the 18's now. Didn't think I could do much worse than AMC, but maybe I was wrong.

The most efficient thing isn't always the best. The most efficient is definitely invest the money as you're almost guaranteed to beat whatever rate is on your mortgage. But eliminating debt and not having to worry about a place to live EVER is pretty amazing (as long as you can cover your...

My plan had been to buy some land and build a house, almost entirely in cash. Proceeds from our CA house for the land, and then anything we make from working in the next year to build. But with this inflation mess, I think I've decided to just mortgage as much as possible. Just doesn't make...

Our house sale closed yesterday. We're so close to cutting every tie to California. State taxes for 2021 will still be a thing, which sucks, but we're almost there. Hopefully we get our proceeds from the sale Monday.

Posts like that are depressing. You're comparing investing in the ownership of a company to hitting the lottery. If you're just "putting some dollars into this Google thing" you're a completely uninformed investor. You'd be better to compare to with arbitrage, since you all keep claiming it's a...

This is such a stupid fucking retort. You literally just said you had a whopping 20 hours of "understanding" about BTC. And then went on to "hope you become a hundred thousandaire." Let's play a hypothetical where I don't need crypto to have a 500% return to make me rich, because I already...

I guess my point is I never see anyone putting all their money into it because they believe in the technology, it's that everyone is looking for a pay day. At least to me, it appears to be completely motivated by FOMO.

I'm not trying to shit on anyone by saying this, but it still amuses me that the only reason anyone seems to put anything into crypto is still "it's an investment" and they're hoping to cash in. To me the whole thing still reeks of a Ponzi scheme where no one actually gives a shit about "using"...

It literally happened back in January with AMC. Right as it shot up. It essentially killed any chance of a short squeeze. But the fact that these people still think there's a shot of a GME or AMC short squeeze is crazy.

I completely forgot that it was going to be a survival type game originally. I was actually pretty excited for it. I remember reading that they were still going to release it, but I haven't bothered to look into it in years.

These market selloffs are a lot less exciting when you're unemployed and not putting money away anymore.

Here's the white guy? These people are fucking ridiculous.