Author Topic: New To Investing Thread  (Read 327074 times)

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Offline Spracne

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Re: New To Investing Thread
« Reply #3750 on: April 01, 2021, 09:00:10 PM »
I know some legal stuff and a bit about various kinds of industries. Also I have a catalog of about 15 original songs.

What skills can you bring to the table?

Offline steve dave

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Re: New To Investing Thread
« Reply #3751 on: April 01, 2021, 09:20:50 PM »
I don't think the actual rich GAF about anyone backdoor'ing a roth. it's strictly the domain of the upper middle class/high earner non wealthy.

This reads autobiographically. stevedave, let's start a business and get actual wealthy.

yes. I've had it with having to hustle to make it. I shouldn't have to back door a roth. sick of this.

Offline steve dave

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Re: New To Investing Thread
« Reply #3752 on: April 01, 2021, 09:25:44 PM »
I know some legal stuff and a bit about various kinds of industries. Also I have a catalog of about 15 original songs.

What skills can you bring to the table?

riff'ing online is obviously my A-1 thing. but also negotiating with terrible people and making them think they whipped my ass but irl we got what we came to get. that's my main work thing. actually mainly teaching and making other people do that now but I can still perform under pressure even if someone is watching if I need to.

Offline steve dave

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Re: New To Investing Thread
« Reply #3753 on: April 01, 2021, 09:29:30 PM »
actually, scratch that, my main thing is marrying up.

Offline KITNfury

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Re: New To Investing Thread
« Reply #3754 on: April 01, 2021, 09:42:57 PM »
I wasn't speaking about Roth or any other investments specifically. Just pointing out the game is designed by the wealthy. If you do what they do, the rules probably won't screw you later in life. JMO guys!
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Offline Kat Kid

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Re: New To Investing Thread
« Reply #3755 on: April 02, 2021, 08:00:57 AM »
actually, scratch that, my main thing is marrying up.
We both like investing
we both married up
we both love the Cats
you have multiple brothers that look nothing like you

3 similarities and just one difference

Offline Kat Kid

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Re: New To Investing Thread
« Reply #3756 on: April 05, 2021, 08:05:53 PM »
That dumb theory got disproved by cathie wood, robinhood, wall st bets etc

Offline sys

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Re: New To Investing Thread
« Reply #3757 on: April 05, 2021, 08:58:18 PM »
gamestop finally cashes in.  congratulations to all the longs.

https://twitter.com/MarineauMary/status/1379242485445185540
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Offline DaBigTrain

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Re: New To Investing Thread
« Reply #3758 on: April 06, 2021, 08:27:31 PM »
Man, I was gonna buy into the Coinbase IPO but the numbers they posted today were staggering. It’s gonna open so much higher, couldn’t they have waited a little longer so I could buy more for less :curse:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

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Offline wetwillie

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Re: New To Investing Thread
« Reply #3759 on: April 06, 2021, 10:58:58 PM »
Man, I was gonna buy into the Coinbase IPO but the numbers they posted today were staggering. It’s gonna open so much higher, couldn’t they have waited a little longer so I could buy more for less :curse:

You ever try to buy shares privately?   EquityZen is one of the more popular ones.
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Offline DaBigTrain

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Re: New To Investing Thread
« Reply #3760 on: April 06, 2021, 11:37:17 PM »
Man, I was gonna buy into the Coinbase IPO but the numbers they posted today were staggering. It’s gonna open so much higher, couldn’t they have waited a little longer so I could buy more for less :curse:

You ever try to buy shares privately?   EquityZen is one of the more popular ones.
I haven’t but I will look into it. I’ve got some money that is just itching to invest in this thing.   
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

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Offline wetwillie

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Re: New To Investing Thread
« Reply #3761 on: April 06, 2021, 11:43:11 PM »
Man, I was gonna buy into the Coinbase IPO but the numbers they posted today were staggering. It’s gonna open so much higher, couldn’t they have waited a little longer so I could buy more for less :curse:

You ever try to buy shares privately?   EquityZen is one of the more popular ones.
I haven’t but I will look into it. I’ve got some money that is just itching to invest in this thing.   

I’m making some assumptions that you qualify to be an accredited investor, that is what keeps most people from being able to purchase private shares on these sites.  If you can manage to get those shares pre public offering I think as you said it will be very profitable.
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Offline steve dave

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Re: New To Investing Thread
« Reply #3762 on: April 08, 2021, 07:21:26 PM »
I think the Buffett example maybe wasn't the best illustration of compounding because it sort of comes off like, "see how much money you can have while you're on your deathbed!" WGAF.

And I think the really old, sick person angle applies even before you're really old and sick. Like, I used to dream of traveling the entire world and doing all kinds of crap. But the older I get, the more I'm like, "meh, whatever." I expect this trend to continue and by the time I'm retirement age I'll be fully content watching the birds in my back yard, which is incredibly inexpensive.



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Offline sys

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Re: New To Investing Thread
« Reply #3763 on: April 08, 2021, 07:27:38 PM »
I expect this trend to continue and by the time I'm retirement age I'll be fully content watching the birds in my back yard.

my father exhibits this trend and it's super frustrating.  every year it's like "hey dad, maybe we should all get together somewhere.  you pick the country."  and he's like "mph, mmm, mph, why don't you all just come to manhattan?"
"experienced commanders will simply be smeared and will actually go to the meat."

Offline Spracne

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Re: New To Investing Thread
« Reply #3764 on: April 08, 2021, 07:38:54 PM »
I expect this trend to continue and by the time I'm retirement age I'll be fully content watching the birds in my back yard.

my father exhibits this trend and it's super frustrating.  every year it's like "hey dad, maybe we should all get together somewhere.  you pick the country."  and he's like "mph, mmm, mph, why don't you all just come to manhattan?"

Yes. The natural progression should be: world travel when young and bon vivant > recreational drugs > bird watching > palliative care drugs > sweet death.

Offline catastrophe

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Re: New To Investing Thread
« Reply #3765 on: April 08, 2021, 07:50:50 PM »
Or perhaps old people in their wisdom just realized how futile it is to travel the world in the hopes of finding happiness.

Offline steve dave

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Re: New To Investing Thread
« Reply #3766 on: April 08, 2021, 08:04:36 PM »
I’ve been happy AF when I’ve travelled the world. Also at Disney World. And at home, actually. Variety = spice or whatever!


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Offline chum1

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Re: New To Investing Thread
« Reply #3767 on: April 08, 2021, 08:05:05 PM »
After my dad retired, I said something like, "you could get an RV and go explore The West or something" He looked at me, was like "Ha No", and sounded more certain than he ever had about anything else in his entire life.

Offline steve dave

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Re: New To Investing Thread
« Reply #3768 on: April 08, 2021, 08:35:06 PM »
I think there's probably something to being able to pull it off for the very first time v. you can literally do it every single day if you wanted to.

Offline Kat Kid

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Re: New To Investing Thread
« Reply #3769 on: April 09, 2021, 06:14:47 PM »
I would probably like to travel in retirement but also, I can’t imagine anything worse than renting an RC and traveling the west.

Offline Spracne

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Re: New To Investing Thread
« Reply #3770 on: April 09, 2021, 06:22:28 PM »
I would probably like to travel in retirement but also, I can’t imagine anything worse than renting an RC and traveling the west.

Owning an RV would be worse.

Offline KITNfury

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Re: New To Investing Thread
« Reply #3771 on: April 09, 2021, 06:25:14 PM »
My wife and I are seriously thinking about taking an extended motorhome trip sometime next year. Undecided though.
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Offline catastrophe

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Re: New To Investing Thread
« Reply #3772 on: April 09, 2021, 06:38:01 PM »
Yeah to each their own. I do think it’s common for young people to save up with the mistaken assumption they’ll have the same desire to travel when they’re older. I also think it’s pretty rare for an older person to wish they traveled a lot when they never did much traveling before. So whatever floats your RV.

Offline steve dave

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Re: New To Investing Thread
« Reply #3773 on: April 09, 2021, 07:19:29 PM »
I do think it’s common for young people to save up with the mistaken assumption they’ll have the same desire to travel when they’re older. I also think it’s pretty rare for an older person to wish they traveled a lot when they never did much traveling before.




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Offline wetwillie

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Re: New To Investing Thread
« Reply #3774 on: April 09, 2021, 07:24:15 PM »
Driving in a car and staying in a hotel seems quite a bit more appealing.
When the bullets are flying, that's when I'm at my best