[quote=scaredyclassic]I wonder how much financial benefit all this fussing about yields.
Trump allegedly would’ve been far wealthier had he thrown his inheritance into an index fund.
Of course, where’s the fun in that? Also, no presidency. So I guess if it keeps one engaged, it’s worth it. Or is it?
All of our actions and plans, are based on a desire to be a certain way, not just achieve a certain goal. To be seen a certain way. To be able to be seen a certain way, in every group we mix in. We don’t want things, we want to be a particular way.
. The same net financial result, with no visible effect in the world would not be 1/10 as satisfying.
I am definitely a person desperate to be seen a particular way. as is flyer. We are probably the two most glaring examples in this microscopic universe, smaller than a 7thgrade classroom, of naked desire for others positive perceptiin.
A desperate screaming cry for status.
I personally want to be seen as very clever, (tho often viewed as smarter by half), deeply insightful, authentically and deeply feeling, yet modest, thoughtful, introspective. Fit and fun and openminded….I’m also desperate for approval and love…
It’s not easy keeping up appearances.
All of life seems to be a desperate search for some form of status, a way to differentiate from others who are terrifyingly similar. Maybe thats what internet forums are.
I like your persistent and courageous effort, I must admit, in the face of so much competition. I hope that provided some small, micro endorphin boost.
I’m much less impressed with myself. I think I need a new aspirational identity be other than Sr citizen hipster. Either Buddhist monk, ruthless capitalist or … Shit, I’m running out of identities that look attractive. Maybe tax savvy landlord would fill the gap.
Really, I’ll take anything but aging hipster or tedious intellectual. Im too old for enginerd.
The posing continues even in the senior centers.[/quote]
Honestly scardey, you are probably correct. I think over time, there’s not really one decision that is significantly better than the other….For instance, part of my portfolio I just have index funds, and then I also have an active trading account.
Yes, there are some years my active trading account is way better, but other years (like this year) my passive account is way better. And I’m pretty sure if I do review dive deep into things my trading account probably does roughly the same (at best, maybe even underperform) my passive indexes over the course of 10-15-20 years….
But yet, I still try to actively trade part of my portfolio, a small percentage at least. Why? No rational reason. I guess it’s my version of going to Vegas… I hate vegas and don’t gamble normally…I do enough in my trading account, lol…
So to summarize, I don’t think you are missing much from all of us that are kidding ourselves that think we can beat the markets over the long period of time. Maybe some people here can, but definitely not me, I’ll admit. I think doing nothing is the wrong answer, but counting 100% on my arbitrage skills, probably also the wrong answer….
So i figure, try everything and see which one(s) stick….
So my real estate and my stock/fund/401k/IRA are roughly split 50/50, maybe real estate slightly higher now after the unexpected appreciation lately…but I don’t anticipate it to stay this way.
I’m not claiming to be an expert on this. I just like fvcking around with things and tweaking things. It’s alike tricking out a miata, but doing it with your investment portfolio to see what it can do. And just like tricked out miatas, sometimes they blow up and catch on fire…Hopefully, I’m not putting all my eggs in one miata…Which is exactly why I don’t drive a porsche.. If I did, and I ran one into a wall or blew one up, there’s only so many times I would be able to rebuild it. Miata gives me a few more opportunities to fvck it up and recover…
At the same time, if you don’t try to trick out your miata, you’re going to lose every single autocross and HPDE timed event all the time, unless you are really really disciplined and know how to drive the car very very well purely a momentum based car… I’m not, I’m really figidey so I need some extra tools to help me since I’m impatient, and irrational at times…So I need those extra tools just to keep up with the people that are much more disciplined than me. Doing nothing is not correct, but put in an amateur hand, a miata is still a slow car and guaranteed to lose, unless every other car in the class suddenly catches on fire and can’t cross the finish line. That one time doomsday scenario doesn’t usually happen, and planning for it, like any other doomsday scenario in real life as your main strategy probably not a winning strategy too.
For some, the reason why they play this game, is because they want buy a very expensive car so they drive in on the street and let people know how “successful” they are…They are they types of people that buy a really fast car but never put it on the track. Like buying a M3 that never sees track time…For them, there would be no difference if they were driving an M3 or a 330i with a M appearance package, since they never would put the car to it’s limits to be able to tell the difference… Whatever floats their boats i guess.
Me? I do what I do, because I know I have permanent weak point in my vehicles that will need a lifelong maintanence, and I do what I do so I can keep running the race I enjoy running, and really don’t give a shet what other people have or say or do so long as I can figure out a formula to allow me to continue…
It’s amazing that you a can take the principles of tricking out a miata into just about every aspect of life.
