How many get excited over actual investments?
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Playing off the below post and my peeve of folks saying "invest" for stuff way too much to justify an expense that keeps them broke... How many of y'all get just as excited to buy a new stock or commodity when it's on sale and cheap? Or running your business (during the good times :laugh:)? Or when learning something new that you know will change your life for the better? Or just from waking up to have another day to be awesome? Or getting your flirt on with your special someone? I know for me, I get much less excited about PCs these days and get much more excited by stuff that actually makes money rather than lose it. Or it's more exciting seeing someone you helped train do something awesome. The excitement for a new PC wears off in a day. Side note, silver is at $32ish an ounce again.
Jeremy Falcon
Jeremy Falcon wrote:
peeve of folks saying "invest"
Ah, perhaps we've struck upon another topic upon which we agree, rare as that seems. :) Many people use the term "invest" when they actually mean "spend", perhaps in hopes of making it seem like a better expense than it actually is.
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Playing off the below post and my peeve of folks saying "invest" for stuff way too much to justify an expense that keeps them broke... How many of y'all get just as excited to buy a new stock or commodity when it's on sale and cheap? Or running your business (during the good times :laugh:)? Or when learning something new that you know will change your life for the better? Or just from waking up to have another day to be awesome? Or getting your flirt on with your special someone? I know for me, I get much less excited about PCs these days and get much more excited by stuff that actually makes money rather than lose it. Or it's more exciting seeing someone you helped train do something awesome. The excitement for a new PC wears off in a day. Side note, silver is at $32ish an ounce again.
Jeremy Falcon
As much as I might want to do the investment thing, I simply can't, the subject matter bores me to tears.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment "Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst "I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
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As much as I might want to do the investment thing, I simply can't, the subject matter bores me to tears.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment "Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst "I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
jeron1 wrote:
I simply can't, the subject matter bores me to tears.
:laugh: :laugh: I totally understand that. The good news is, you don't have to care. I mean, you won't get like a bazillion percent returns, but you can just pay someone to manage a portfolio for you or just dump a few bucks into the S&P 500 every paycheck and never look at it until you retire. It mean it'll take a few decades, but you'll have a nice nest egg without ever having to look at it.
Jeremy Falcon
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Jeremy Falcon wrote:
peeve of folks saying "invest"
Ah, perhaps we've struck upon another topic upon which we agree, rare as that seems. :) Many people use the term "invest" when they actually mean "spend", perhaps in hopes of making it seem like a better expense than it actually is.
PIEBALDconsult wrote:
Ah, perhaps we've struck upon another topic upon which we agree, rare as that seems.
Woo hoo. :laugh:
PIEBALDconsult wrote:
Many people use the term "invest" when they actually mean "spend", perhaps in hopes of making it seem like a better expense than it actually is.
Tru dat, buddy. I'm gonna go invest in Taco Bell now. :rolleyes:
Jeremy Falcon
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Jeremy Falcon wrote:
peeve of folks saying "invest"
Ah, perhaps we've struck upon another topic upon which we agree, rare as that seems. :) Many people use the term "invest" when they actually mean "spend", perhaps in hopes of making it seem like a better expense than it actually is.
And many use the term investing when what they're doing is speculating. Speculating can be fun, but a nest egg should be invested.
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jeron1 wrote:
I simply can't, the subject matter bores me to tears.
:laugh: :laugh: I totally understand that. The good news is, you don't have to care. I mean, you won't get like a bazillion percent returns, but you can just pay someone to manage a portfolio for you or just dump a few bucks into the S&P 500 every paycheck and never look at it until you retire. It mean it'll take a few decades, but you'll have a nice nest egg without ever having to look at it.
Jeremy Falcon
Jeremy Falcon wrote:
you can just pay someone to manage a portfolio for you
That's me. The amount of time you have to invest (see what I did there?) to be good at it is staggering, and ain't nobody got time fo' dat. Well, I don't, or at the very least, I don't get excited enough about this to motivate me to do it to an extent I'd be confident I wouldn't ruin myself. So my bank does it for me, for a percentage of my total investments. When I just look at the numbers, I'm paying them quite a bit of money each year, but they're still making me more than they cost. The numbers do grow, so I'm happy to let them take care of that aspect of my life.
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Jeremy Falcon wrote:
you can just pay someone to manage a portfolio for you
That's me. The amount of time you have to invest (see what I did there?) to be good at it is staggering, and ain't nobody got time fo' dat. Well, I don't, or at the very least, I don't get excited enough about this to motivate me to do it to an extent I'd be confident I wouldn't ruin myself. So my bank does it for me, for a percentage of my total investments. When I just look at the numbers, I'm paying them quite a bit of money each year, but they're still making me more than they cost. The numbers do grow, so I'm happy to let them take care of that aspect of my life.
dandy72 wrote:
That's me. The amount of time you have to invest (see what I did there?) to be good at it is staggering, and ain't nobody got time fo' dat. Well, I don't, or at the very least, I don't get excited enough about this to motivate me to do it to an extent I'd be confident I wouldn't ruin myself.
Amen brother. That's actually very smart. Most people lose money in the markets when they do it themselves. So, if you're not willing to put in the time because it bores you, it's so much smarter to pay the fee to let someone else do it for you.
dandy72 wrote:
The numbers do grow, so I'm happy to let them take care of that aspect of my life.
That's smart man, glad to hear it.
Jeremy Falcon
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jeron1 wrote:
I simply can't, the subject matter bores me to tears.
:laugh: :laugh: I totally understand that. The good news is, you don't have to care. I mean, you won't get like a bazillion percent returns, but you can just pay someone to manage a portfolio for you or just dump a few bucks into the S&P 500 every paycheck and never look at it until you retire. It mean it'll take a few decades, but you'll have a nice nest egg without ever having to look at it.
Jeremy Falcon
Several decades ago, to placate my folks, I gave some money to their investment manager, not sure if it's up to anything at this point. Talking to them is torturous, so I don't. Fact is I wouldn't trust anyone (myself included), really wish I did though.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment "Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst "I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
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Several decades ago, to placate my folks, I gave some money to their investment manager, not sure if it's up to anything at this point. Talking to them is torturous, so I don't. Fact is I wouldn't trust anyone (myself included), really wish I did though.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment "Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst "I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
jeron1 wrote:
Talking to them is torturous, so I don't.
Assuming you mean the money mangers and not your parents... :laugh: Gotta agree with you there man. I've literally had arguments with ignorant stubborn people over crypto for instance. They'll read a sales pitch but refuse to read a book. IMO only an idiot would argue with someone doing better than them (as far as money goes), but they're out there... :laugh: Unfortunately, this industry attracts the egotistical and uneducated alike. Money is the one thing we all need and the vast majority of pees don't have two brains cells to rub together. Personally, I've gotten pissed at instructors even when they lied to the class (to rob them of their money). And got depressed for a while over all of the level of BS in it. Soooooooooooo... totally understand. Just you know, don't let their lack of education and ego harm your future. Ya know.
jeron1 wrote:
Fact is I wouldn't trust anyone (myself included), really wish I did though.
There are different levels of what's right and wrong. Some people will say diversify and some will say don't for instance. Diversification is great if you don't know what you're doing... which is most people. If you're a master at whatever it is, it'll never make you as much. But, if you don't know what you're doing, you'll lose it all if you don't diversify. Which is a long way of saying, you don't have to trust yourself. Just toss some money into an index fund (that you're ok with losing) and let the inherent diversification in it soften out the highs and lows for ya. Just know that doing this will take a while. People going this route think an 8% return in a *year* is good. Better than your bank at least and will only work if inflation stays at 2% (but that's a whole different story). But, it's still your best bet if none of this stuff interests you or you don't trust the system.
Jeremy Falcon
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dandy72 wrote:
That's me. The amount of time you have to invest (see what I did there?) to be good at it is staggering, and ain't nobody got time fo' dat. Well, I don't, or at the very least, I don't get excited enough about this to motivate me to do it to an extent I'd be confident I wouldn't ruin myself.
Amen brother. That's actually very smart. Most people lose money in the markets when they do it themselves. So, if you're not willing to put in the time because it bores you, it's so much smarter to pay the fee to let someone else do it for you.
dandy72 wrote:
The numbers do grow, so I'm happy to let them take care of that aspect of my life.
That's smart man, glad to hear it.
Jeremy Falcon
Jeremy Falcon wrote:
o, if you're not willing to put in the time because it bores you,
Well maybe "bore" is too strong a word. I think I'd be watching things like a hawk, to the point where it'd disrupt other activities...like work. I can't do that. So the way I see it, my bank's fees buy me peace of mind.
