Investing: Avoiding Working Until You Die

a reply to: projectvxn

Did you not realize money is not the answer?

It will never be.

a reply to: InTheLight

Please stick with the topic.

a reply to: projectvxn

The time to buy (recently)
was before the Omnibus.

Many are cashing out now,
as a roller coaster ride is expected.

So, I will leave that poker game to
my friends on the floor of the stock exchange
who think they know how it works.
If Trump moves forward, it will go
stratospheric...above 30,000, if
the Commie Pinkos sway ahead,
it will dive into oblivion.

After all, their game plan is to destroy
The United States of America, and cash in
on the fall, gaining power on the way down.
In fact, if it was not for their obstruction,
the market would be well over 50,000 right
now. Or close to it.

That fact alone has the opposition rulers
scratching their heads wondering if their
bull# scam ideology is really worth the
massive profits slipping before them.

The big shots are fed up with the madness.
As it is becoming a risk to control.
The big shots want control, they already
have the money. Power promised was lost
by the Dems even with massive investment
and a rigged game. Dems said don't worry
we have got it covered two years ago.

The Big Shots liken Trump more and more.
He is effective, he has guts, and he can manage
Power.

God Gifted Power.

The chance to recap their losses and actually
profit,is much more appealing than some
"pie in the sky","doe -eyed" Soros style
idealogue socialist La-de da witch coven.

This is a whole new game.
The power flows freely to those
willing to accept the grace.
Pure and simple.

a reply to: InTheLight

That is always good advice.
Thank you, and may divine
angels bless you and your loved
ones.

Spirits of grace unfold.

Nice post. Investing is key. I made up my mind to get out of debt and invest as much as possible. I'm also a big believer in blockchain/bitcoin, but I think there are better alternatives than buying it: if you are into tech, learn it, so that in 5-10 years you can be an 'expert' in it. Soon, companies are going to be scrambling for people who know anything about the tech, and I feel a lot of people are missing out by just dismissing blockchain as a failure/too volatile.

I digress.

Rothschild also said to buy when there is blood in the streets, even if that blood is your own.

I'll be 40 this year, and if I keep working like I am, I can in theory be debt free, upgraded from my dying car, and save up the 30,000 I need to start buying a house (20,000 for the down payment, 10,000 for furniture), which puts me at 45, will still need to pay off the house once I get it. Am planning on something modest so that I can pay it off in my lifetime before retirement. This ties up all my money for at least the next five years. So when and how do I invest? Would 45 be too late to start, 50?

a reply to: Puppylove

You can start small. You dont actually need a lot of money.

I started with 100 bucks and then 5 bucks per paycheck until I had enough in my brokerage account to make some trades.

It's never to late to start. Never starting guarantees nothing ever happens.

You're already on the right track, however. I like your plan.

Edit:

But give yourself wiggle room. You never know what might occur in a 5 year period.

There's lots of different ways.

I am currently in the process of what i call 'zero' cost of living investing.

Fuel/food/shelter.

Gas/oil stocks.

Food stocks including fast food.

Banking and financial stocks

Insurance stocks.

REITS for some monthly dividend action.

And use the dividends to offset my fixed costs per month.

How much that amounts to is directly proportional to the amount you invest.

Of course that's offset with savings, and crypto.

Eventually going to get in some bond action.

Not chasing the quick buck anymore.

Whatever you do.

Tailor investing to your needs and situation, and if you don't like risk.

Then don't.

Not a professional, but it's never been easier to get started.

Thank you for this. I appreciate it!

a reply to: projectvxn

I've paid off all but my college loan debt. Owe roughly nine thousand. Having trouble getting started on paying that off hardcore as things keep coming up. So yeah know about the wiggling has been slowing me up.

I know I could make more money doing factory work, but it depresses me and I end up calling off a lot and losing my job. Is hard to keep myself motivated when I feel like I'm slaving away so some assholes can buy a second or third yacht off the sweat of my labor.

While my current job doesn't pay the most, my clients depend on me for their physical and emotional well being. As such I can convince myself my work is for them who truly need me and appreciate the work I do for them. This keeps me going to work every day. I actually have trouble getting myself to take the me days I need for myself and my girlfriend as a result.

Also started going to the gym two to three days a week, my gym membership comes with a personal trainer and dietician. So am trying to get healthy to get off meds and be more capable of keeping work up.

My biggest worry is keeping up the pace. Sixty eight to seventy hours a week work plus gym is a lot. One busy day off a week is not really unwinding.

Want to invest eventually. Should probably look into this 401k or whatever it is. That's also investing, right?

Right now I'm putting about $1000 a week in a 401k. On top of that money I'm making about $200 a day. I'm pretty happy and looking forward to next spring unless the Dims screw it up. If it starts to drop I take about a minute and quit putting money in and throw it into $100 bills in ammo boxes. Not a lot of interest but a lot of comfort.

a reply to: Puppylove

A 401k is a retirement savings vehicle and they are usually part of an employment compensation package as they tend to match up to a certain percentage.

A 401k is an investment, but it is a managed one and regular contributions should be made.

I would look into IRAs and managed mutual funds similar to what is found in ACORNS as mentioned in the OP.

I don't blame you on the factory work. I can't stand up for long periods of time anymore and cant work those jobs either.

They are soul crushing.

Have you looked into stock options in your company? Ask around see what answers you get.

a reply to: projectvxn



Nice post thank you.
I only have a 401k as far as investing but it has grown a bunch in the 4 or 5 years I have had it, like at least 300%

And I also put about 15% of my income in savings every month so that is growing nicely. I always pay off my credit cards within 2 months max.

the ONLY thing that is holding me back is 30+k student loan from a master's degree I didn't get! SNIP!
I am thinking some IRA money I may inherit will go to pay off a third of that so at least it is not growing. The interest is insane.

a reply to: chris_stibrany

Understand interest. Is why I'm stuck between paying off my loan first or saving up to get ahead to have a buffer first. The longer before I pay this off the more I have to pay. Is already over a thousand more than it started.

I know 9000 is a small amount to owe to a lot of people, but it's a lot to me. I need to work sixty eight to seventy hours a week for almost 9 months and throw every spare cent I have at it to pay it off.

College was a huge mistake for me. Was not emotionally ready for it.

Yeah you have to go for yourself and be ready. I was pushed into the master's programme by my dad, and although I was getting all A's in my non degree courses, I could only manage C's in the degree courses. In hindsight I should have picked a different master's. Ce'st la vie!

a reply to: chris_stibrany

I was pushed into college by my girlfriend at the time. I was doing great in college til she broke up with me and was apparently cheating on me with my best friend. She was my first real love so it seriously broke me at the time. Even left a job I was successful at, at the time to go to college full time at her suggestion. I've come a long way emotionally since then not so fragile.

a reply to: Puppylove

that sucks. live and learn I guess! if you are lucky

originally posted by: infolurker
a reply to: projectvxn

I have a simple strategy now, move money from stocks (S&P 500 only) to t-bills and bonds , wait for the crash, move money back to stocks until I think it has peaked, move back to bonds wait for crash repeat.

That would be great. If only you could know when things have actually peaked.

In order to get out in time, you have to accept you are running the risk that you might sell now, only to watch things climb a little bit higher before the crash.

Indeed, if you are doing it right, that will probably almost always happen to you.

originally posted by: Lumenari

originally posted by: InTheLight
a reply to: projectvxn

We were the losers in 2008 and do you know what? we won't do that again.

You know what? You will do it about every 11 years.

Of course, if you didn't move any stocks around you have made all that back and more.

Say "thank you Trump."

Of course, smart people made money off of the crash and it wasn't rocket science.

Buy on the dips, sell on the highs.

That comes down to having some of your money in liquid form.

The way the previous generation invested, and was told to invest, was to tie up all their money in long term investments that would pay off some day, but be unavailable to use in the meantime.

But the people that actually win in a dip, are the ones who have a lot of cash on hand right when the crash was happening.

That, or borrowing power. If your portfolio is, for example, classic automobiles. You could probably take out a loan at low interest with that as security.

originally posted by: toysforadults
a reply to: DontTreadOnMe

Well, I mean if the Fed is raising rates then gold SHOULD go down, and it did go down. If the Fed isn't raising rates gold will go up.

The Fed starts increasing it's balance sheets and buying up bad corporate debt and creating more subprime bubbles like how it's been propping up the auto industry.... the DOW will go up because of inflation not actual growth.

See this is the problem with the economy. If the Fed wasn't making lending easy then we would be in a MASSIVE delfationairy period which is what the seniors on SSI and the Mill's trying to buy a house need but the Fed won't let it happen.

You see, we aren't actually capitalist we this like, psuedo socialist/ centrally planned economy and small business owners are at the short end of the stick.

That's one of the most insightful things I think I've ever seen anyone on the internet say.

Naturally central planners will prefer to work with large companies, because that gives them the most control of the macro-economy. (Or so they think, anyway...)

In reality, if you skillfully apply statistical thinking, the behavior of a large number of small companies may actually be more predictable than the behavior of a small number of large companies. Just like how a casino does better if it relies on a large number of small transactions, rather than just a few big jackpot transactions.

But big companies give the illusion of control. And the people in charge of our economy are delusional megalomaniacs.

a reply to: Edumakated

I don't know why your post didn't get more attention.

Our current society is build on consumerism.

It is built off of you spending every dollar you make... to impress other people so you can feel good.

Get the hell out of that mindset or you will actually die broke and will always be unhappy with your lot in life.

Instead, figure out how you want to die.

Is it on your own paid for property with no real bills to speak of puttering around in your garden and making jewelry?

Or is it sitting miserable somewhere in a home your government pays you to live in?

The earlier on in life you can figure out how you want to die, the easier it is to accomplish it.