School me on investing...

you got a benz...which one and why? only benz worth anything was a Chyrsler Town and Country

 

That's awesome the amount you owe on your house. I hope to get that low or paid off before I die.

 

GME at 40...about to paper hands and just move on.

 

"buy high, sell low"

 

seems to be the story of my life....

 

My dumb ass had 2 paid-off houses and 2 paid-off vehicles 12 months ago, but now I have 400+K on the new mortgage and a shitload of cash that I'm paralyzed on what I should do with. At my & my wife's age, we can't afford to lose a big chunk.

If I woulda put it all on any of the aforementioned stocks, I would've been able to pay off the damn house.

Woulda, coulda, shoulda.......

At least I still get to drive around and play with dogs all day. If I lost all that, I'd have to go get a real job.

 

Find a good financial dude, give him 200k and walk away.

He will pay all of your bills.

 

Id like to formally apologize to you guys. Markets been taking a nose dive and I take the blame. After years of sitting on the fence about investing I decided to dive in exactly two weeks ago.

We might as well get ready for the financial collapse.

lol

 

Every time I feel this way, I remind myself that losing money angers and hurts me more than earning money makes me happy and better off.

 

For some reason I always thought you were an engineering type. The problem is the verbiage. We should stop using nomenclature that has a specific meaning if it doesn’t apply to the situation. If you call an unrealized depreciation of equities a “loss”, that implies something that may not be accurate since a loss in common usage means a realized loss. It’s accurate to say that your financial position and buying power are reduced in said scenario.

 

I don’t agree. Current asset prices are driven by insanely low interest rates and the invention of bajillions in funny money. This is also what’s propping up the economy. This can go on for a very long time, and definitely will. The government can’t afford the debt service for its deficits at a reasonable level of interest and will keep this situation going as long as possible to avoid the stark realities. Eventually we’ll face the music, but we can avoid it for now. Get in and make money, then buy some hard non-financial assets.

 

Nah, accounting and finance majors. Not smart enough for engineering.
To be honest, my "dream" would have been the 5-year Management & Technology program at my school (that's what Elon Musk was doing when we were there) but you have to get in as a freshman. I transferred.

 

Huh? A loss in common usage means a realized loss? Maybe that's part of the problem.

In any type of financial setting, really only certain aspects of tax accounting would look at it that way.

 

I just pulled some of my stock market "winnings" out from last year and "invested" in a CNC machine for my garage last night. The stock market was fun and all, but when it comes to investing I like investing in myself, and things that I know. And I know how to make chips and machine stuff. The rate of return is potentially much greater too!

 

Did you get a mini van so you can carry all your investing profits around with you

 

those my investments and my twins would be debits at this point.

 

Ahh.. creative accounting! , I see

 

This week has made me want to cry. Everything I have gained this year has pretty much been wiped out. A few things I thought would of taken off have drastically gone the wrong way. but hey, I haven't sold my losses yet so according to some I haven't loss yet.

 

That sucks when schools/programs do that. Tyler lost out on some college school program he wanted in because he transferred after his first year too. The frat he wanted in was only taking freshman, but told him on the side after they get their freshman selections, they would probably be able to get a sophomore in too. He decided not to wait and possibly make it and just selected another frat that didn't have the freshman only recruitment policy.

 

What did you "invest" in?