Investing General Discussion

TJT

TJT

Mr. Poopybutthole
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Gravel said:
I don't even know how you worker bees get up early, commute, go to meetings, and all that other retarded shit. I mean, I know I used to do it too, but it honestly just seems so foreign to me. Knowing what I know now, if I did for some reason go back to work, my tolerance for all that would be so low that I'd either get fired or quit pretty quickly I think.
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I have 5 to 7 years before I can walk away in the way I want to walk away.
 
Cad

Cad

scientia potentia est
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Gravel said:
It's definitely a massive leap.

And there are phases of it, especially starting out. It'll feel weird knowing everyone else is going to work and you're going to wonder what to do with yourself. Eventually you start adjusting after a year or so.

I'm 4 years in (this week) and I can't even imagine working again. I just kind of do whatever and the idea of being beholden to someone else's schedule sounds retarded. I still keep some stuff scheduled, like I workout 6 times a week and generally do it the same time of day. I try to play drums for about an hour daily (and I do drum lessons every other week). Usually I'll watch some TV with the wife between 6 and 9pm. Walk the dogs once a day.

I don't even know how you worker bees get up early, commute, go to meetings, and all that other retarded shit. I mean, I know I used to do it too, but it honestly just seems so foreign to me. Knowing what I know now, if I did for some reason go back to work, my tolerance for all that would be so low that I'd either get fired or quit pretty quickly I think.
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I keep telling people this when I talk about retirement, they're like "what are you going to do?" and I'm like, "whatever I want, thats the point."

I've been gradually slowing down work, so I've been getting more and more free time. Sometimes I go visit my kids during the day, sometimes I go play ball or go to the gym in the middle of the day. It is so freeing just being like "what do I want to do today" not "what can I fit in the 2 hours free I have today between all my obligations."

Having money essentially allows you to live life for you and whatever you choose to do rather than NEEDING to do this or that to make sure you keep enough money coming in to survive. It's a very sharp turn in thinking from how we've lived most of our lives.
 
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Synj

Synj

Dystopian Dreamer
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IMG_7129.jpeg

I think I’m starting to understand how people jerk off to weird shit now. I’m addicted.
 
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Rangoth

Rangoth

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Tread carefully. I was seeing this pop up in various circles for weeks and finally decided I’d go for it at the first sign of the shift. I posted but it was 1$ and I immediately sold the call at that strike. Made 14%. Could have made 900% lol at absolute peak. But my ability to time that shit and I’d end up losing money. With the meme stonks and short squeezes if you don’t get in right away just wait for the next cycle. I also switched to selling covered calls on shares which still gets good money and if you keep the strike low it’s a pretty good chance you will be called, which is what we want.

zero desire to hold shares of fake meat company. But these events are not once in a lifetime any longer. They are technically once a day if you have the inside scoop or at least monthly if you follow the retard wagon on Reddit.

for example in the above screenshot. He is most likely fucked. But it is possible there is another retarded spike where he can bail. Much higher chance he’s holding soyburgers for 1-2 years trying to scrap back 80cents via covered calls or something.
 
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Synj

Synj

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Rangoth said:
Tread carefully. I was seeing this pop up in various circles for weeks and finally decided I’d go for it at the first sign of the shift. I posted but it was 1$ and I immediately sold the call at that strike. Made 14%. Could have made 900% lol at absolute peak. But my ability to time that shit and I’d end up losing money. With the meme stonks and short squeezes if you don’t get in right away just wait for the next cycle. I also switched to selling covered calls on shares which still gets good money and if you keep the strike low it’s a pretty good chance you will be called, which is what we want.

zero desire to hold shares of fake meat company. But these events are not once in a lifetime any longer. They are technically once a day if you have the inside scoop or at least monthly if you follow the retard wagon on Reddit.

for example in the above screenshot. He is most likely fucked. But it is possible there is another retarded spike where he can bail. Much higher chance he’s holding soyburgers for 1-2 years trying to scrap back 80cents via covered calls
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I made like $1500 between BYND/ATCH/DVLT but nothing more than a few hundred bucks at stake. I’d never put real money in these things even though I know you could make crazy money. I’m doing fine and I’d seriously lose my shit if I blew $50k on this.

Speaking of covered calls, anyone have any money in BTCI or BLOX (not cc)?
 
Haus

Haus

I am Big Balls!
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Cad said:
I keep telling people this when I talk about retirement, they're like "what are you going to do?" and I'm like, "whatever I want, thats the point."

I've been gradually slowing down work, so I've been getting more and more free time. Sometimes I go visit my kids during the day, sometimes I go play ball or go to the gym in the middle of the day. It is so freeing just being like "what do I want to do today" not "what can I fit in the 2 hours free I have today between all my obligations."

Having money essentially allows you to live life for you and whatever you choose to do rather than NEEDING to do this or that to make sure you keep enough money coming in to survive. It's a very sharp turn in thinking from how we've lived most of our lives.
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I'm starting to look more and more at that. My current gig is one where I get enough time during the "work week" to do other things, while it still being a full time gig.

But more than just "stop working" I think retirement for me is going to look like "Doing something I want to do without needing to worry about how much it pays." I'm too much of a "working breed dog" to not be doing something, I saw how my grandfather went downhill once he stopped having anything in particular to be doing.
 
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U

Unidin

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Cad said:
Google says they employ 1.1 million in the US, so this is a 3% layoff...
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It's being reported as mostly corporate employees which is more like 350k employees, so closer to 8-9% if you exclude the warehouse people which are disposable to Amazon anyways.
 
Sanrith Descartes

Sanrith Descartes

I was forced to self-deport from the /pol thread
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Cad said:
I keep telling people this when I talk about retirement, they're like "what are you going to do?" and I'm like, "whatever I want, thats the point."

I've been gradually slowing down work, so I've been getting more and more free time. Sometimes I go visit my kids during the day, sometimes I go play ball or go to the gym in the middle of the day. It is so freeing just being like "what do I want to do today" not "what can I fit in the 2 hours free I have today between all my obligations."

Having money essentially allows you to live life for you and whatever you choose to do rather than NEEDING to do this or that to make sure you keep enough money coming in to survive. It's a very sharp turn in thinking from how we've lived most of our lives.
Click to expand...
I say this a> understanding all people are different and b> as someone who retired once, but I couldn't stay retired. I'm not saying to do the same job until you die, not at all. But even with all my hobbies and family/friends I got bored. I decided to do something relatively new and that I saw as challenging. At where I am at today, I see myself trying a new venture every 3-4 years. The mental challenge I think is the most important and hardest to handle being removed from one's life in retirement. I love my current business but I am already thinking in the back of my mind how I can make an AI online strip club work. :)
 
Cad

Cad

scientia potentia est
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Sanrith Descartes said:
I say this a> understanding all people are different and b> as someone who retired once, but I couldn't stay retired. I'm not saying to do the same job until you die, not at all. But even with all my hobbies and family/friends I got bored. I decided to do something relatively new and that I saw as challenging. At where I am at today, I see myself trying a new venture every 3-4 years. The mental challenge I think is the most important and hardest to handle being removed from one's life in retirement. I love my current business but I am already thinking in the back of my mind how I can make an AI online strip club work. :)
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Thats the whole point though is doing what YOU want to do. Some people want to do ventures and think up new products, and thats fine for them, because they're doing it because they want to, not because they need to eat. Some people want to sit on the beach and drink all day. Some people want to workout twice a day and take up new sports. Etc etc.

Entire point is waking up today and being like, what do I want to do? Versus what do I HAVE to do. That's the code, you've cracked it.
 
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Gravel

Gravel

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Sanrith Descartes said:
The timing is what's odd to me, heading into Xmas.
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I mean, we're still two months away. At what point is the cutoff from "too close to Christmas?" Are companies and not allowed to do layoffs through July?

Plus, it's Amazon, so most of those people probably don't even celebrate Christmas or have families for that matter.
 
Gravel

Gravel

Mr. Poopybutthole
44,760
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Cad said:
Thats the whole point though is doing what YOU want to do. Some people want to do ventures and think up new products, and thats fine for them, because they're doing it because they want to, not because they need to eat. Some people want to sit on the beach and drink all day. Some people want to workout twice a day and take up new sports. Etc etc.

Entire point is waking up today and being like, what do I want to do? Versus what do I HAVE to do. That's the code, you've cracked it.
Click to expand...
This is why the FIRE community really emphasizes the FI part more than the RE part. Yeah, retirement sounds like the goal, but financial independence means you're no longer beholden to a job. That's the important part. If you love your job, it means you have more flexibility to negotiate for things you want more of (time off, certain projects, avoiding parts you don't like), because you now always have the ace in your pocket to walk away. It means you can jump ship to a competitor, even one that pays less. Or take up an entirely new career. Or do fuck all. The world is your oyster.
 
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