[quote=deadzone]And talk about axe to grind, here you go attacking me again just for reporting the reality of the situation. Just like SDR. Just because you own a bunch of real estate it turned you into a dick. Hey stop shooting the messenger. At least with tech stocks tanking, there is no reason you can’t sell whenever you want.
When did I ever say I wished financial pain on you? To the contrary, I am trying to help you guys by alerting you to get out of tech and real estate stocks. Just because you don’t like the message you attack me, stop being a dick![/quote]
DZ, you aren’t just reporting “information” you’re reposting single news articles and the generalizing to things that don’t make sense. For instance calling Robinhood a tech company, and other things that you’ve posted that don’t make sense. If you’re going to get butt hurt from being called out some of these things, that’s on you.
As for the more personal responses, I’m simply responding to you first turning this personal on wishing bad on the three of us or anyone else for that matter that didn’t sit on their asses for the past 20 year years waiting for another downturn after missing the couple of 2-3 that already happened…I’m just pointing out your obsession to seeing those people undergo financial pain to the extent you hope you’ll some how catch up..
And i say this with no anger or spite (because I’m pretty confident and happy as I am and truly wish the best for you)… simply put…. your wish of seeing others go down and you go up, isn’t going to happen….Maybe I should have just been more blunt in the first place and used fewer words instead of trying to be slightly more diplomatic, but the blunt version is… lots of people didn’t sit on our ass for the past 20 year, and because of that, these people have a much larger financial cushion.
We don’t need your warnings because we’re doing fine, well, probably better than fine. But we also know you really aren’t warning us. You’re looking for validation for your own decisions. And in the bare minimum if you at least admit that, it might make you at least seem slightly more credible instead of hiding in the pretense of offering “advice”….For one thing, if you believe any of us are significantly concentrated in tech, that also goes to show your limited understanding of financial planning for the long term. I’d be surprised if anyone here is camped out in more than 10-15% in tech…lol
But since we are all here giving each other advice, I might as well stretch and give you advice too. Since you’ve already missed the boat, for you it doesn’t make sense to consider home ownership in the forseeable future because, in your case if things go sour, you don’t have much time left to recover so you might as well sit it out. It’s a different game versus someone in their late 20ies or early 30ies starting out with 30-40+ years left of high earning potential and can carry a 30 year loan with no problem. you’re also getting pretty close, if not already exceeded, the peak of your career as a worker and since you derive most of your agi from your wage, as I stated, like me, you are no spring chicken that is just starting out in your career that is easily employable elsewhere if something were to happen. Since you’re already accustomed to $2000/month *12 months * 20 years, you might as well continue this trajectory if we enter uncertain times.
