1 ... 3 4 5
AnthonyGS
AnthonyGS Dork
4/1/20 10:23 p.m.
dculberson said:
but again that's not going to make you a functional useful person in a functioning society which we have today and will have every day for the following 10,000,000+ days.

My suggestion: follow standard disaster preparedness suggestions, have a cash emergency fund, have enough food on hand for a few weeks, put retirement funds into the stock market. Buy as much well diversified stocks as you can today as a retirement fund for much later. (10+ year time span is safe, less is less safe.)

You should've made those suggestions a few months back, before going on like you did.  If you call this a "functioning society," I pray we never see dysfunctional.  

And sure everyone has knowledge other people do not have.  No one ever said they didn't.  Lot's of people are also better than I am at lots of things.  I'm not the one caught blind sided by this.

Oh, and Tesla is still a long term bad play in my opinion.

And with $2 trillion of future tax revenue plus interest being given away, I'm not so sure stocks are on sale either.  Land and tangible property look a lot more appealing to me right now.

Oh, and say whatever you want, dculb.  I'm pretty confident, I will never reply as it serves no valid point.

I just hope others are starting to realize how fragile things really are and do what they can to protect their families and friends.

 

Durty
Durty Reader
4/2/20 10:27 a.m.
kb58 said:

Next up, what's the best religion?

No religion is the best. 

 

Put the emphasis where you like.

AnthonyGS said:

Oh, and say whatever you want, dculb.  I'm pretty confident, I will never reply as it serves no valid point.

oh the sweet sweet irony.  i mean, it's not like rain on your wedding day or anything, but still. cheeky

frenchyd
frenchyd PowerDork
4/2/20 11:05 a.m.

In reply to sporqster :

I bought my home as a tear down in 1984. With a modest investment in only 2&1/2 years I was able to gain enough to pay for the new home. 
My broker did it by playing in the margins of short and long.  He warned me that such investments were extremely risky. several times recommending I remove at least 50% and put it in more secure devices. 
Greed is my only excuse.  October of 1987 occurred and by the time I heard of the falling market my funds had been gone for hours.  I was the fool. He had told me less than 5 days before to take some or all of the money out.  

Los Vegas is built on the money of "winners" who failed to take their winnings out.  
  
I did the math later and had I done as my broker suggested, when he suggested, while it wouldn't be enough to build my house. I would have been ahead of where I wound up. 
 

My point is with hindsight being 20-20 it's easy to use the lessons of the past. Not so easy looking ahead. 

1 ... 3 4 5

You'll need to log in to post.

Our Preferred Partners
EMxMEF4NCadFVVqTSQkrTHBsnCp6bCuqMzAwlQmivsATkxBt6MIV30YB9oWEic0I