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General investing questions, newbie queries and thoughts megathread General investing questions, newbie queries and thoughts megathread

05-11-2017 , 04:39 PM
Quote:
Originally Posted by unfrgvn
This. No skills, no ambition and parents still doing your tax return at the age of 31 scream slacker to me. Really tough to turn it around at this point, imho.
They probably claim him as a dependent.

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05-11-2017 , 08:48 PM
Quote:
Originally Posted by :::grimReaper:::
They probably claim him as a dependent.

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I have my own apartment, a job and my own car , I have money in iras.

Quote:
Originally Posted by JackInDaCrak
Sometimes you have to sacrifice short term comfort for long term goals. growth is hard. Also college can be lots of fun.
this is what i was referring too in my previous post , this is what well meaning people in my life have told me but for me college is just a carrot on a stick .Ive already attended three colleges and now i'm done with it. Toothsayer is right about that stuff when it comes to me. The truth is Ive probably missed a lot of financial and fun opportunities by wasting time with college.

Last edited by spaceman Bryce; 05-11-2017 at 08:54 PM.
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05-11-2017 , 08:57 PM
Well whether it's college or apprenticeship or trial by fire as a business owner or whatever path you take you have to do something and it will probably be hard work.

The other option is to do nothing and not change anything.
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05-11-2017 , 09:13 PM
Quote:
Originally Posted by spaceman Bryce
I have my own apartment, a job and my own car , I have money in iras.
Dude. Relax.

Quote:
this is what i was referring too in my previous post , this is what well meaning people in my life have told me but for me college is just a carrot on a stick .Ive already attended three colleges and now i'm done with it. Toothsayer is right about that stuff when it comes to me. The truth is Ive probably missed a lot of financial and fun opportunities by wasting time with college.
You most likely haven't missed out on **** because of college or whatever you were doing. I assume that you show up to work, given that you have a job. Turn that into something if you feel like doing that. You can probably make assistant manager in a year or two if you focus really hard.

No one is going to give you advice that is effective. I've met several people who I'd describe as winners. One lived in a cabin* in the woods. Billy Gates was another, but his example doesn't seem apt. You describe yourself as living a happy life, but you complain. This doesn't compute for me.

*it was a shed by most definitions of housing.
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05-11-2017 , 10:57 PM
Quote:
Originally Posted by spaceman Bryce
I have my own apartment, a job and my own car , I have money in iras.
Didn't follow all the details of above regarding you Mr. Spaceman, but do have any substantial debt, by that I mean a few thousand on credit cards or other silly ass debt/loans? If you have no substantial debt then you are doing Ok in a getting by status. If you want to do more with your life, monetary wise, at this odd stage of being 31 then you might want to consider a life of crime. But I sense you just don't have the balls or incentive for such adventures. True the risks are high but for awhile you could have the world by the balls, and then, of course, the world may have you by the balls. But the test is to see how long you can last.

But I sense that you are so confused and wispy that at best you will muddle through life and then you will be old and have a cat and a broken -down car and live in a low rent part of town and amble down to the bar for a Bud and then go home and veg out watching TV. And you will still post on the internet for help. Don't be that guy. But that's all the advice that I can give you.

Go rob a bank. Make it a good job. Like the Joker.

Last edited by Zeno; 05-11-2017 at 11:08 PM.
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05-12-2017 , 12:57 AM
Quote:
Originally Posted by BrianTheMick2
Dude. Relax.



You most likely haven't missed out on **** because of college or whatever you were doing. I assume that you show up to work, given that you have a job. Turn that into something if you feel like doing that. You can probably make assistant manager in a year or two if you focus really hard.

No one is going to give you advice that is effective. I've met several people who I'd describe as winners. One lived in a cabin* in the woods. Billy Gates was another, but his example doesn't seem apt. You describe yourself as living a happy life, but you complain. This doesn't compute for me.

*it was a shed by most definitions of housing.
well i am now the right amount of drunk to respond to this nd I had an alesmith speedway stout.The weight of you and zenos words or at least the metaphorical implications in zenos case are almost too much to for me to respond to.
But let me start by saying unfortunately you are in the right ball park. but i do have a little more hustle than you are giving me credit for. For example I already was an assistant manager of a grocery store. I did not enjoy it. My best example s i wont say here because they are irrelevant to my situation which is very real and ..it doesnt really matter how you got here.

Quote:
Originally Posted by Zeno
Didn't follow all the details of above regarding you Mr. Spaceman, but do have any substantial debt, by that I mean a few thousand on credit cards or other silly ass debt/loans? If you have no substantial debt then you are doing Ok in a getting by status. If you want to do more with your life, monetary wise, at this odd stage of being 31 then you might want to consider a life of crime. But I sense you just don't have the balls or incentive for such adventures. True the risks are high but for awhile you could have the world by the balls, and then, of course, the world may have you by the balls. But the test is to see how long you can last.

But I sense that you are so confused and wispy that at best you will muddle through life and then you will be old and have a cat and a broken -down car and live in a low rent part of town and amble down to the bar for a Bud and then go home and veg out watching TV. And you will still post on the internet for help. Don't be that guy. But that's all the advice that I can give you.

Go rob a bank. Make it a good job. Like the Joker.
Yes for awhile now I have been craving adventure. and nothing satisfies. skydiving isnt adventure its for 80 year olds. Going to the club and hooking up with a 23 year old also while cool is nothing. its a bit adventerous but its not an adventure. I want a homeric adventure.**** college **** poker it goes deeper than that and believe me i want mmoney i it would be great to have a closet of shoes or be married to eminem but I want something that would shake everyone to their foundations. I want to defeat the dragon and save the vilage. I mean I think you're just joking about robbing a bank but tht wouldnt be enough. and you're right i have to do it
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05-12-2017 , 01:03 AM
also i dont have any big debts i made a bunch of money awhie back
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05-12-2017 , 02:15 AM
Quote:
Originally Posted by Zeno

But I sense that you are so confused and wispy that at best you will muddle through life and then you will be old and have a cat and a broken -down car and live in a low rent part of town and amble down to the bar for a Bud and then go home and veg out watching TV. And you will still post on the internet for help. Don't be that guy. But that's all the advice that I can give you.
All jokes aside, this is probably my greatest fear in life. How terrifying and common is this? How easy is this for so many people to become, because of whatever it is that holds them back. Whether it's laziness or intelligence or making the wrong choice or just indecision as the years go by.
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05-12-2017 , 09:54 AM
Quote:
Originally Posted by Smokey_The_Bear
All jokes aside, this is probably my greatest fear in life. How terrifying and common is this? How easy is this for so many people to become, because of whatever it is that holds them back. Whether it's laziness or intelligence or making the wrong choice or just indecision as the years go by.
Super common. "Most people live quiet lives of desperation."

The antidote is to serve other people and find a way to give back to something you feel is worthy. Be part of something bigger than just your own selfish desires. It's obviously fine to have nice things and enjoy yourself, but if that's all you do, it will be pretty empty in the end. /endpreaching
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05-12-2017 , 08:31 PM
Quote:
Originally Posted by jalexand42
Super common. "Most people live quiet lives of desperation."

The antidote is to serve other people and find a way to give back to something you feel is worthy. Be part of something bigger than just your own selfish desires. It's obviously fine to have nice things and enjoy yourself, but if that's all you do, it will be pretty empty in the end. /endpreaching
Cool story bro. Sounds like the opening lines to a recruitment ad for a hippie cult.
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05-12-2017 , 08:37 PM
Quote:
Originally Posted by Smokey_The_Bear
All jokes aside, this is probably my greatest fear in life. How terrifying and common is this? How easy is this for so many people to become, because of whatever it is that holds them back. Whether it's laziness or intelligence or making the wrong choice or just indecision as the years go by.
Your greatest fear is being lazy when you get old? Most people would say getting alzheimers/parkinsons/cancer and dying slowly and painfully or something. But hey, to each their own.
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05-12-2017 , 09:26 PM
Quote:
Originally Posted by Smokey_The_Bear
All jokes aside, this is probably my greatest fear in life. How terrifying and common is this? How easy is this for so many people to become, because of whatever it is that holds them back. Whether it's laziness or intelligence or making the wrong choice or just indecision as the years go by.
That fear subsides as you age. Very few older people have as their main regret that they didn't work hard enough.
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05-12-2017 , 09:28 PM
Man farting around and spending time with family and walking down to the local for a couple pints sounds like a great life if you can afford it
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05-12-2017 , 09:32 PM
Quote:
Originally Posted by JackInDaCrak
Man farting around and spending time with family and walking down to the local for a couple pints sounds like a great life if you can afford it
Imagine that, except that it isn't on some little dreary island in the Atlantic and you are probably on to something.
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05-13-2017 , 05:09 AM
Quote:
Originally Posted by krunic
Your greatest fear is being lazy when you get old? Most people would say getting alzheimers/parkinsons/cancer and dying slowly and painfully or something. But hey, to each their own.
You're misinterpreting what i'm saying. I'm talking about being lazy and indecisive and complacent when you're still young. I worry a lot, and also personally struggle with just "vegging out" and putting things off, or not doing something I know I should be doing, and the direct consequence is a net loss in long term benefit for me.

The GOAL is to be lazy when i'm old, not struggling to make ends made and ambling through life still slaving away and barely making it til I'm 70.

And sure maybe "greatest fear" is a tad much but that's what's under my control right now. I try not to worry about things I can't control, like acquiring a fatal or debilitating illness. But it's something I think about a lot, and I think I am better off than most people my age financially as is already. I know there's a lot more I could be and could have done, i'm not sure if it's healthy as a kind of motivational factor or if I should just relax and realize things are moving forward at a reasonable pace, although I'm still not living the life I presumed I would at this age (28).
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05-13-2017 , 06:14 AM
Quote:
Originally Posted by krunic
Cool story bro. Sounds like the opening lines to a recruitment ad for a hippie cult.
Maybe, but that doesn't mean he's wrong. The whole reason cults attract followers despite usually being based on dubious premises is that they tap into innate human desire to find meaning, be a part of something, etc. The fact that corrupt/crazy people take advantage of this doesn't make it less a part of human nature to need these things.
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05-13-2017 , 11:29 AM
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Originally Posted by mtgalex
What happens when inflation pick up? Stock is going to go way up, and bonds with even a moderate term duration will get smoked. In terms of volatility bonds is safer but you can still be destroyed purchasing power wise, even if you have still a positive pnl. It is not pretty to hold even 10 year bonds when inflation is at 5%, and if you buy bonds with any shorter duration you can't have a decent withdrawal rate as they pay much less coupon.

I don't see anyone mention this and they loled at me when I say cash is not safe.
It doesn't take a genius to figure out 'own bonds' != 'buy and hold exclusively 10 yr bonds.'

It doesn't take a soothsayer to figure out inflation can be both good and bad for stocks see the 1970s for more details.

There are plenty of moderate duration and short duration bonds with high coupons. You assertion is baseless at best, blind ignorance at worst.

Also [this is a secret don't tell anyone!] there are these bonds that pay floating rate coupons. Shhhhhh!!! You can even buy funds full of them.
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05-13-2017 , 11:30 AM
Quote:
Originally Posted by Smokey_The_Bear
All jokes aside, this is probably my greatest fear in life. How terrifying and common is this? How easy is this for so many people to become, because of whatever it is that holds them back. Whether it's laziness or intelligence or making the wrong choice or just indecision as the years go by.
Roses are red,
Romance is dead,
You suffer from
Existential dread.
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05-13-2017 , 03:46 PM
You can always drive a cab*.

* I have a good friend that does this.

Last edited by Zeno; 05-13-2017 at 04:14 PM. Reason: Added *
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05-13-2017 , 10:09 PM
Quote:
Originally Posted by Zeno
You can always drive a cab*.

* I have a good friend that does this.
He isn't quite that low on aspiration.
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05-13-2017 , 10:23 PM
Cab drivers seem above existential angst to me. Always another sucker tourist to rip off. Keeps you hopeful.
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05-13-2017 , 10:59 PM
Quote:
Originally Posted by ToothSayer
Cab drivers seem above existential angst to me. Always another sucker tourist to rip off. Keeps you hopeful.
Aspiration implies existential angst. This, I think is obvious. Aspiration indicates a drive to change your circumstance, or that you've inhaled a pea or other non-air object into your lungs.

The relationship between aspiration and existential angst is complicated, except for in the type of aspiration that generally leads to pneumonia. That type of aspiration frequently leads to death from complications, so the word "aspiration" is GTO balanced.
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05-14-2017 , 02:18 AM
Quote:
Originally Posted by Smokey_The_Bear
You're misinterpreting what i'm saying. I'm talking about being lazy and indecisive and complacent when you're still young. I worry a lot, and also personally struggle with just "vegging out" and putting things off, or not doing something I know I should be doing, and the direct consequence is a net loss in long term benefit for me.

The GOAL is to be lazy when i'm old, not struggling to make ends made and ambling through life still slaving away and barely making it til I'm 70.

And sure maybe "greatest fear" is a tad much but that's what's under my control right now. I try not to worry about things I can't control, like acquiring a fatal or debilitating illness. But it's something I think about a lot, and I think I am better off than most people my age financially as is already. I know there's a lot more I could be and could have done, i'm not sure if it's healthy as a kind of motivational factor or if I should just relax and realize things are moving forward at a reasonable pace, although I'm still not living the life I presumed I would at this age (28).
Take one of the things you know you should be doing to improve your career opportunities and just commit to doing it for a measly 10 minutes a day. Make an "X" on a wall calendar each day that you actually do the thing, and "don't break the chain" (popularized a few years ago by Jerry Seinfeld). This has been obscenely effective for me, someone who struggled with the same things as you when I was even older than you.

You'll probably need/want to eventually increase that time, but 10 minutes is going to get you way further than you think. Hell do 6 or 8 minutes if you can't commit to 10. Just refuse to go to sleep unless you've done it.
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05-14-2017 , 02:23 AM
This feels a lot like a conversation where i say something with weight behind it and then some guy puts it into more digestible form where it loses 30% of its meaning and then a whole bunch of people join in. no hate ive been on both sides of that coin many times.
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05-14-2017 , 02:37 AM
Quote:
Originally Posted by BrianTheMick2
Aspiration implies existential angst. This, I think is obvious. Aspiration indicates a drive to change your circumstance, or that you've inhaled a pea or other non-air object into your lungs.

The relationship between aspiration and existential angst is complicated, except for in the type of aspiration that generally leads to pneumonia. That type of aspiration frequently leads to death from complications, so the word "aspiration" is GTO balanced.
People with aspirations don't suffer from existential angst because they are too busy focused on getting sh*t done. They have a clear goal in mind and believe they will be happy when they achieve it. If they had existential angst, they wouldn't have aspirations, they would just be whiney and sad about how life is so unfair.
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