[Coronita]

oof. there’s a $5/month subscription fee. annoying…

[Coronita]

[quote=svelte]never even knew they existed until now.

I have to tell you, I’m skeptical about its leak detection capability. And if it detects one, then what? it could be anywhere…even your yard valves.

The one good thing I can see is detecting a leak and auto-shutting off while on vacation – that does worry me every time we leave town. But giving it a quick few min thought – I could simply shut off the water valve right before we drive away and get the same result…except I guess the yard would not get watered.

This is very timely as our water regulator went out this week. I have never had that happen before and due to my lack of experience with it did not recognize the symptoms. They are burned in my brain now! Water pressure slowly getting worse? Check your regulator. Loud knocking in the wall when you turn on certain faucets? Check your regulator.

A several hundred dollar fix by the way.[/quote]

I was thinking of the auto water shut-off was the main selling point. I like the idea that for instance if I’m at a friend’s house for a few hours and the pipe bursts, it could detect water usage when I’m not home and auto shutoff. I’m not worried about the case when I go on a long vacation , because I already shut off the house mainline before I leave. It’s the trips to the store out out side for a few hours that concerns me, for which I wouldn’t be turning off the main line each time I go out.

[Coronita]

[quote=ltsddd][quote=Coronita][quote=The-Shoveler]I think the current Robinhood crowd ect… does have an advantage boomers did not during the 1999-2003 boom/bust as really big bubbles/crashes were not in recent memory as much as they are now.

So maybe they are better prepared than most think.[/quote]

Ha ha ha. Unlikely…. Number one reason people get burned? Greed and denial.

I think though this isn’t the big correction. I was checking some bay area companies that friends started or work at… out of 6 companies, 4 of them have filed to go public… So I think we are only in the second inning. All these companies will try to IPO over the next few months, and that in itself will drive another round of craziness.[/quote]

Or your friends’ companies are today’s version of pets dot com. Opportunists that took advantage of the feeding frenzy to cash in. That in itself may indicate the bust is around the corner.

Pets went from IPO at $11 to self liquidation in about 10 months.[/quote]

My dot.com company went from $300ish/share IPO to $450-500/share to $5-10/share in a year. It was a fun ride. Feel sorry for the retail speculators….
But you can’t fix stupid.

The new stupid is the Robinhood day traders…

You guys remember Peregrine Systems here locally in SD? Lololol

[Coronita]

[quote=The-Shoveler]I think the current Robinhood crowd ect… does have an advantage boomers did not during the 1999-2003 boom/bust as really big bubbles/crashes were not in recent memory as much as they are now.

So maybe they are better prepared than most think.[/quote]

Ha ha ha. Unlikely…. Number one reason people get burned? Greed and denial.

I think though this isn’t the big correction. I was checking some bay area companies that friends started or work at… out of 6 companies, 4 of them have filed to go public… So I think we are only in the second inning. All these companies will try to IPO over the next few months, and that in itself will drive another round of craziness.

[Coronita]

[quote=an][quote=Coronita]Crash and burn. Dow down 600pts. heh heh.[/quote]
So, who’s buying more today?[/quote]

I’m waiting and will buy a little here and there after a day or so. Edit, my buy order for Verizon executed.

Mainly buying it for the 4% dividend and imho better than ATT.

[Coronita]

I’m curious what’s going to eventually happen with Barstool founder and his minions….

https://finance.yahoo.com/news/barstool-portnoy-reveals-personal-investment-211130483.html

Particular when days become “six figure loss days” lol

[Coronita]

[quote=svelte][quote=sdrealtor][quote=ltsddd]
Or how about the guy in San Diego who went from renter to owning multiple rentals in a span of a year or two. He was featured in the SD Union Tribune. I remember reading the articles about them and thought to myself, why wasn’t I as “smart” as they were. Just curious how it ended for them.[/quote]

Not sure if you are referencing them but a couple young guys were featured in the UT after opening a century 21 Brokerage in San Marcos. They got crushed though The main guy was able to hold onto some properties for several years avoiding foreclosure. Eventually he lost them but he lived mortgage free for years.[/quote]

Probably not who you’re talking about, but there was that kid (early 20s?) from Sacramento who drank the kool aid and bought rentals all over the country. I don’t think he owned more than 10 but it ended very poorly…if I’m not mistaken he used no-doc loans to get them. He started the website “iamfacingforeclosure” and when all the properties were gone he changed his name and went into real estate. His original name was Casey Serin.

https://en.wikipedia.org/wiki/Casey_Serin%5B/quote%5D

In these bubbles, most of the people who drink the coolaid after the “investment advice* hit mainstream got burned. People and insiders who got in early and knew to get out without trying to figure out what the peak was did very well. Back at my old dot.com company, of my my directors for out at $325/share and went into bonds. and when the stock went to $400+ share he didn’t even blink, saying he always did well enough with his options and earned everyone not to be greedy. He was so right…

It’s really hard to digest. When you’re seeing gains after you sell, impulse is you sold at the wrong time….

[Coronita]

Crash and burn. Dow down 600pts. heh heh.

[Coronita]

[quote=scaredyclassic]this sounds like what an old person might say, but gosh darn it, 60 isn’t so old. i feel great!

really, maybe the goal shouldnt be X amount of wealth by 60, but X amount of health.

would one’s future be more secure at age 60 with (a) a couple million net worth but shaky health, or (b) having perfect cholesterol numbers, a 6 pack, no meds, flexible and fit, good teeth and gums, 9 hours good sleep a night and no depression, but just 4,300 in your checking account.

wheres brian when you need him.

I think there’s an argument that a not necessarily better than b. b will probably have more fun, in any event, unless he’s still married to a normal woman, who will not like this.

obviously, both are nice. but i would definitely sacrifice a certain amount of health for a certain amount of wealth. it shows by how i live my life. I value money over mental health.

why live without money?[/quote]

Why pick either- or? You could always be efficient when you are young without killing yourself. So there are some times you need work a little more to get a lot more back. Pay your dues up front, doesn’t mean sacrificing your personal life. “Personal freedom”,as many people say that is far more important than money, is overrated when you are young. That personal freedom often ends up being wasting time getting nothing done, like blogging a lot on piggington. Often times, it’s an excuse for not putting in your time early. And then the subsequent need to either put more effort in later or needing to live a more Spartan lifestyle which may not necessarily be what one really wanted, let alone what a potential significant other would want.

[Coronita]

[quote=spdrun]Coronita – what don’t you get? One may want to be independent of having to work as soon as possible, not when they’re 60 or 70, with bad knees and health problems. Did very well with COVID and will likely do even better in the future … airline, transport, and travel stocks are still beat to fucking hell and will likely pop when a vaccine is announced. Property in urban areas that I like will also likely take a fucking in the next year. Estate sales, coming riiiight up. I like condos, but they’re out of fashion for now since you can’t socially distance as easily.[/quote]

But that’s a fallacy. You aren’t financially independent right now , or in the past. You still work. Yes, you run your own small consulting biz. But instead of working for an employer, you work directly for customers. They ask you to jump you say how high. You’re limited by the number of customers you have and subject to the risk of them cancelling biz with you. And it sounds like you have to be very careful on what you spend money on, even when it comes to basic essentials, no different like anyone else. You still have a boss, still have to work, and if you make less than a comparable peer employed at a company for an extended period of time, still further away from financial independence from a salaried peer.

[Coronita]

[quote=sdrealtor][quote=Coronita]I sold half of my trading account yesterday….that’s why the Dow is up 460+ pts today. lol.. You are welcome…[/quote]

thanks! I’m catching up :)[/quote]

Sure. Should I short Tesla to help you even more?

I short , you go long, we split your profits half way.

[Coronita]

I sold half of my trading account yesterday….that’s why the Dow is up 460+ pts today. lol.. You are welcome…

[Coronita]

[quote=sdrealtor]I got tired of watching Tesla go up every day so I bought one share on Friday to make it go down. I figured even if it went down I would feel like a winner because I’d have five shares on Monday with the split. Net result? I have five shares and a 14% gain so far. Silliest stock on the planet[/quote]

I bought Intel shares and AMD put options… Of course after I did that, AMD shot up from 90 to 92. If I kept every call option from 2.50/share, it would have been serious dough.
Sold some at 50ies.
Then some more at 60ies.
Got completely out in mid 70ies.
Watched it go to the 80ies and envious decided to go short the day it hit 90 with put options.

And now it’s 92-93…
This sucks. AMD, just as crazy.

[Coronita]

[quote=scaredyclassic][quote=Coronita]Put in time now or put in time later, there is no free lunch (well, at least most of the time). I keep hearing people refer to work while they are younger as ball and chain. The funny part is that ball and chain exists for a lot of people a lot longer who didn’t put the time up front, it’s just stretched out over a longer period of time, lol.[/quote]

And he said to the man, “You listened to your wife and ate the fruit which I told you not to eat. Because of what you have done, the ground will be under a curse. You will have to work hard all your life to make it produce enough food for you. But lo, on the 857,934th day of creation, the Lord created Monsanto, and GMO crops, and many fertilizers as a result of the Lord’s Green Revolution, and the Lord said: I shall not let you go hungry again, even if you don’t work all that hard, as long as you’re not really really poor, and do not reside in one of those shithole countries ruled over by King Trump. So sayeth the Lord.”[/quote]

I would look at this a different way. I think you should be thankful you found a good woman, and that she stayed with you for many years, in sickness and in health, for better or for worse, put up with a lot of male stupidity, helped you make some really good decisions that as a single male you would never have made, encouraged you to be a better person while not making you feel awful when/if you fell short, raised 2.000 kids with you that seemed to have turned out well, and didn’t ditch you the moment a hotter, more successful guy walked into her life. Just saying…I’d say you had a pretty good life…

[Coronita]

[quote=spdrun]See, I don’t dream of being a better person. I want to spend my life in a 1-bedroom apartment that I can sublet in summer and go backpacking. I lack aspirations. I’m like The Stranger … the world is just a moving diorama for me.[/quote]

And there is nothing wrong with wanting to live a more simple life with a much more frugal budget so you don’t need to to put as much effort into earning money , either actively or passively…But then if that’s the case, why in the past was there a constant need for things to crash and burn just so one can finally go “all in” to make a big killing? It seems to be contradictory.

See if simplicity is all you are seeking, then the simple thing to have done all these years is , again , slowly drip a tiny amount of money each month into a no frills basket of index funds and bonds, which over all these years would have slowly earned you a pretty large amount…. slowly….It might not make you a lot right awayz but 10-20-30 years later you’d be laughing all the way to the bank. That certainly seems like it would have been a strategy much more consistent with living simple and not putting that much effort into things than trying to predict when the next market crash will be, moving “all in”, and then making a killing on that one hand. afterall, the latter would depend on more of your luck and timing. For example, right after covid hit and the markets briefly tanked, going “all in” as you previously suggested would have allowed one to amass a fortune. Of course looking back everything is clear 100% of what one should have done. But question is when the markets were trashed, did one move money into the markets in a significant way, or did you think things were going to fall an additional 50%+ and sit it out? Again, I’m just trying to understand and reconcile this inconsistency of wanting to live more simple and frugally but at the same time seemingly depending and wanting a one hit, one large score of being right on a huge downturn in order to financially make it whole, when the slow, drip style passive investing, seems likke it would have been a lot more consistent for this more simple life. I don’t get it.

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