What is ymmv?.. I'm not that serious about it all. I'm limited to what Robinhood can do, and that's been more than sufficient for me to pay
some bills with.
In good times and bad times both :) That's important.
On 2/25/25 3:10 PM, -hh wrote:
On 2/25/25 13:59, Physfitfreak wrote:
Both stocks and cryptos are down.
Buying time! :-)
Oh, you're free to go first to try to catch a falling knife.
Unless your wife pays your bills.
YMMV on how much one has already moved into more conservative funds.
Warren Buffet is at a ~30% cash position. Based on this as a
benchmark, are you currently more risk tolerant, or less risk tolerant?
What is ymmv?..
I'm not that serious about it all. I'm limited to what Robinhood
can do, and that's been more than sufficient for me to pay
some bills with.
In good times and bad times both :) That's important.
On 2/26/25 12:33 PM, -hh wrote:
On 2/25/25 16:25, Physfitfreak wrote:
On 2/25/25 3:10 PM, -hh wrote:
On 2/25/25 13:59, Physfitfreak wrote:What is ymmv?..
Both stocks and cryptos are down.
Buying time! :-)
Oh, you're free to go first to try to catch a falling knife.
Unless your wife pays your bills.
YMMV on how much one has already moved into more conservative funds.
Warren Buffet is at a ~30% cash position. Based on this as a
benchmark, are you currently more risk tolerant, or less risk tolerant? >>>
YMMV = "Your Mileage May Vary".
It originated from the 1970s/80s EPA fuel mileage estimates and was
adopted as USENET slang ages ago, along with 'spam' from the Monty
Python skit, etc.
I'm not that serious about it all. I'm limited to what Robinhood can
do, and that's been more than sufficient for me to pay some bills with.
Whatever company your brokerage happens to be isn't relevant.
The question is what one's allocations are of various asset classes,
classically being (% in Equities, % in Bonds, % in Cash, etc).
For example, if you have a $1M net worth, half of which is a house and
the other half is $400K in Robinhood all holding Stocks, and the
remaining $100K is in bank accounts/CDs/Savings Bonds, then your
investment portfolio allocations are roughly 50% Real Estate, 40%
Equities, 10% Cash/Bonds ... -or- under the philosophy of excluding
one's residence, its then an 80%/20% (Equities/Cash).
In good times and bad times both :) That's important.
The challenges are in life expectancy vs inflation, as well as how to
fund one's late/end of life medical expenses, particularly assisted
living.
Fidelity Investments publishes an annual cost estimate, based on a 65-
year-old couple. This year's number is that they can expect to pay
about $315,000 after taxes for health care costs in retirement, but
they note that this does not include long-term care costs.
For LTC, costs vary by region, but figure $10-$15K/month outside of
highest cost of living areas. Average length of stay is 3.7yrs/Female
& 2.2yrs/Male, so at ~3yrs, it yields a funding requirement of $360K
to $540K .. and that's present value, after-tax, and per person.
Hehe :) No, not even funny. See, I didn't buy my grave lot in my 20s.
The kind of concerns you are listing above belong to my past married
life here and ended when we divorced. Life in Iran in old age is much
more comfortable and dignified than in here where you essentially have institutions kill your elderly parents, and healthcare and government
get busy devouring your elderly people's lives and belongings. This is
not a country to die in.
I'm in USA because my cats are in USA. And in the USA, I'm in Texas
because my cats are in Texas. And in Texas, I'm in Dallas because my
cats are in Dallas.
So figure that out from there on :)
As far as "allocations" are concerned, crypto and sometimes stocks.
That's all.
And it has been fun to pay some of the sillier bills with
the use of Robinhood tools. It has been fun to pay $12 for a nice
computer, and not $1200. Who pays $600 of earned money out of his own
pocket for 6 months of minimum cover car insurance when I have not had a
car accident in my entire life and a traffic ticket for decades? I like
to have Robinhood provide those dollars. Same with other silly bills.
$460/mo for just electricity bill in Winter months?.. Hehe :) I'll use a
wood burner heater and make that bill $46 instead, and pay even THAT
with Robinhood dollars :) And it's fun. My "allocations" have never been serious enough for me to ruin the life I have by putting more of my time
and concerns into it.
Ok, I'm blabbering, in one sentence, and not a paragraph: my "net worth"
is zero. Or might's well be zero. But I manage. And it's fun to manage
it. Does it answer your question?
If I was a person who'd put an iota of more concern in it, I would be
another person. I'd be perhaps someone like you. In another type of
life. But hey, I threw my PhD away for keeping myself who I am _now_.
You think I'd waste myself with these "allocations" matters too much?
Still, I'll keep this blog going cause the Robinhood game is fun enough
to play.
On 2/26/25 3:28 PM, -hh wrote:
On 2/26/25 15:13, Physfitfreak wrote:
On 2/26/25 12:33 PM, -hh wrote:
On 2/25/25 16:25, Physfitfreak wrote:
On 2/25/25 3:10 PM, -hh wrote:
On 2/25/25 13:59, Physfitfreak wrote:
Hehe :) No, not even funny. See, I didn't buy my grave lot in my 20s.
The kind of concerns you are listing above belong to my past married
life here and ended when we divorced. Life in Iran in old age is much
more comfortable and dignified than in here where you essentially
have institutions kill your elderly parents, and healthcare and
government get busy devouring your elderly people's lives and
belongings. This is not a country to die in.
Unfortunately, quite true. Its a product of the decline of multi-
generational families living in the same household.
I'm in USA because my cats are in USA. And in the USA, I'm in Texas
because my cats are in Texas. And in Texas, I'm in Dallas because my
cats are in Dallas.
So figure that out from there on :)
Not really any need to, because when you're in the USA, it means that
you're going to have to live within its operational structures. For
day to day living, that can be independent if that's your preference,
but as one ages, there are limitations to doing so, so one may need to
decide for something else. Moving in with family can be an option, or
perhaps not: that's a function of individual circumstances. Ditto for
perhaps hosting a boarder/caregiver, etc.
As far as "allocations" are concerned, crypto and sometimes stocks.
That's all.
So then ~zero liquid assets outside of one's brokerage? That appears
to be carrying a pretty high cash flow risk.
And it has been fun to pay some of the sillier bills with the use of
Robinhood tools. It has been fun to pay $12 for a nice computer, and
not $1200. Who pays $600 of earned money out of his own pocket for 6
months of minimum cover car insurance when I have not had a car
accident in my entire life and a traffic ticket for decades? I like
to have Robinhood provide those dollars. Same with other silly bills.
$460/mo for just electricity bill in Winter months?.. Hehe :) I'll
use a wood burner heater and make that bill $46 instead, and pay even
THAT with Robinhood dollars :) And it's fun. My "allocations" have
never been serious enough for me to ruin the life I have by putting
more of my time and concerns into it.
Which is all fine when one is still able to go do of that on one's own.
Ok, I'm blabbering, in one sentence, and not a paragraph: my "net
worth" is zero. Or might's well be zero. But I manage. And it's fun
to manage it. Does it answer your question?
Pretty much, for it is suggesting that your suggestion to buy on the
drop isn't actionable by you personally, as you're suggesting that you
don't have any liquid reserves with which to go "buy low".
Sure, there can be speculation ...that's what RH does...with the likes
of Margin buys, but this needs to be recognized as gambling, and
hopefully done with highly discretionary funds, not essential living.
If I was a person who'd put an iota of more concern in it, I would be
another person. I'd be perhaps someone like you. In another type of
life. But hey, I threw my PhD away for keeping myself who I am _now_.
You think I'd waste myself with these "allocations" matters too much?
Still, I'll keep this blog going cause the Robinhood game is fun
enough to play.
Its always 'fun' in an up market; “Only when the tide goes out do you
discover who's been swimming naked” - Warren Buffett.
-hh
I don't use margins. It's not a sane strategy. To me it is like a
disguised credit card use. I haven't used a credit card since late
1980s. Star thinks I use my Mom's though :)
No I have the money to buy low when I think it would be rewarding. It
would sometimes mean selling in some other areas fast to provide the
money if I'm desperate for time. But usually I have the money.
The "net worth" I talked about includes the possibility that I wake up tomorrow and find that I've lost them all. In that sense (i.e. when you include things that can happen to it also), my net worth is zero.
Because shit can always happen.
When it happens, I'd still manage by beginning from zero again. As
simple as that.
You're saying I should be more careful.
I thought you knew me better by now.
It is too expensive to be more careful than this. In life's currency
that is. It isn't worth it, in the same manner that cars who're
priced more than $2000 aren't worth the money.
Don't forget that anybody's net worth is zero. Life's always fast
heading that way. But some aren't aware of this and some are. Some ruin
95% of life into "money for a better life later", and get to enjoy 5% of
it the way they want, and some live 95% of life the way they want, and
ruin only 5% of it for money matters.
Another angle. Do other life forms need money? What is the "net worth"
of a mosquito buzzing around? You can't escape the fact that life for a mosquito is every bit the same thing as life for a human.
Now "buzz" away as I've got to feed the cats, watch a nice pirated
movie, and hit the sack :)
On 2/27/25 7:45 PM, -hh wrote:
On 2/27/25 00:05, Physfitfreak wrote:
On 2/26/25 3:28 PM, -hh wrote:
On 2/26/25 15:13, Physfitfreak wrote:
On 2/26/25 12:33 PM, -hh wrote:
On 2/25/25 16:25, Physfitfreak wrote:
On 2/25/25 3:10 PM, -hh wrote:
On 2/25/25 13:59, Physfitfreak wrote:
Hehe :) No, not even funny. See, I didn't buy my grave lot in my 20s. >>>>>
The kind of concerns you are listing above belong to my past
married life here and ended when we divorced. Life in Iran in old
age is much more comfortable and dignified than in here where you
essentially have institutions kill your elderly parents, and
healthcare and government get busy devouring your elderly people's
lives and belongings. This is not a country to die in.
Unfortunately, quite true. Its a product of the decline of multi-
generational families living in the same household.
I'm in USA because my cats are in USA. And in the USA, I'm in Texas
because my cats are in Texas. And in Texas, I'm in Dallas because
my cats are in Dallas.
So figure that out from there on :)
Not really any need to, because when you're in the USA, it means
that you're going to have to live within its operational
structures. For day to day living, that can be independent if
that's your preference, but as one ages, there are limitations to
doing so, so one may need to decide for something else. Moving in
with family can be an option, or perhaps not: that's a function of
individual circumstances. Ditto for perhaps hosting a boarder/
caregiver, etc.
As far as "allocations" are concerned, crypto and sometimes stocks.
That's all.
So then ~zero liquid assets outside of one's brokerage? That
appears to be carrying a pretty high cash flow risk.
And it has been fun to pay some of the sillier bills with the use
of Robinhood tools. It has been fun to pay $12 for a nice computer,
and not $1200. Who pays $600 of earned money out of his own pocket
for 6 months of minimum cover car insurance when I have not had a
car accident in my entire life and a traffic ticket for decades? I
like to have Robinhood provide those dollars. Same with other silly
bills. $460/mo for just electricity bill in Winter months?..
Hehe :) I'll use a wood burner heater and make that bill $46
instead, and pay even THAT with Robinhood dollars :) And it's fun.
My "allocations" have never been serious enough for me to ruin the
life I have by putting more of my time and concerns into it.
Which is all fine when one is still able to go do of that on one's own. >>>>
Ok, I'm blabbering, in one sentence, and not a paragraph: my "net
worth" is zero. Or might's well be zero. But I manage. And it's fun
to manage it. Does it answer your question?
Pretty much, for it is suggesting that your suggestion to buy on the
drop isn't actionable by you personally, as you're suggesting that
you don't have any liquid reserves with which to go "buy low".
Sure, there can be speculation ...that's what RH does...with the
likes of Margin buys, but this needs to be recognized as gambling,
and hopefully done with highly discretionary funds, not essential
living.
If I was a person who'd put an iota of more concern in it, I would
be another person. I'd be perhaps someone like you. In another type
of life. But hey, I threw my PhD away for keeping myself who I am
_now_. You think I'd waste myself with these "allocations" matters
too much?
Still, I'll keep this blog going cause the Robinhood game is fun
enough to play.
Its always 'fun' in an up market; “Only when the tide goes out do
you discover who's been swimming naked” - Warren Buffett.
-hh
I don't use margins. It's not a sane strategy. To me it is like a
disguised credit card use. I haven't used a credit card since late
1980s. Star thinks I use my Mom's though :)
Same. AFAIC, margins is gambling under a different name. It seems to
be the purview of many (most?) Robinhood accounts, hence the comment.
No I have the money to buy low when I think it would be rewarding. It
would sometimes mean selling in some other areas fast to provide the
money if I'm desperate for time. But usually I have the money.
Specific strategies are up to individuals to decide upon, but what is
known macroscopically is that Active managed funds do not reliably
outperform Passive, and that's with full time professionals trying
with Bloomberg terminals and all the rest to be maximally informed;
regular individuals basically don't stand a chance. As such, our most
reliable strategy is to "not play the game": buy & hold.
The "net worth" I talked about includes the possibility that I wake
up tomorrow and find that I've lost them all. In that sense (i.e.
when you include things that can happen to it also), my net worth is
zero. Because shit can always happen.
When it happens, I'd still manage by beginning from zero again. As
simple as that.
You're saying I should be more careful.
Nah, its up to you to decide. If you're happy taking the risk of
flying the trapeze with no safety net, that's your call. Its not my
personal choice because I have accepted the responsibility of caring
for others (even when it reduces down to just cats/dogs).
I thought you knew me better by now.
Not really; I tend to care very little about nymshifters because they
don't care enough about themselves to not be a chameleon. Its similar
to a business rule of thumb: a company who changes their name does so
because they have a bad reputation.
It is too expensive to be more careful than this. In life's currency
that is. It isn't worth it, in the same manner that cars who're
priced more than $2000 aren't worth the money.
That also depends on life choices in priorities: in life's
currencies, there's value in having peace of mind of not having to
worry about where one's next meal is coming from ... and just how much
of a safety margin is merited for such uncertainties is also a
personal comfort level choice. Having a safety margin isn't uncommon
when one's been through rough patches where there weren't the
resources for meals...or similarly, having a car that won't run.
Don't forget that anybody's net worth is zero. Life's always fast
heading that way. But some aren't aware of this and some are. Some
ruin 95% of life into "money for a better life later", and get to
enjoy 5% of it the way they want, and some live 95% of life the way
they want, and ruin only 5% of it for money matters.
Another angle. Do other life forms need money? What is the "net
worth" of a mosquito buzzing around? You can't escape the fact that
life for a mosquito is every bit the same thing as life for a human.
Now "buzz" away as I've got to feed the cats, watch a nice pirated
movie, and hit the sack :)
No worries - the varmints have been fed here too, obligations have
been met for the day, and its too late to start a movie...
-hh
Nymshifter? I've never been nymshifter in my life. When I change alias,
it is because I really have changed. So depending on what my main type
of activity has been, every few years my alias also changed accordingly.
And I've never had more than one alias at the same time.
You're underestimating what an individual can do by himself in the world
of stocks and cryptos.
Also, you have a ton of money in your mind when you think and speak
of it, large enough to make you really concerned. So I understand
why you leave it to experts to handle such sums.
My world of trading is a microcosm of what experts are doing. It is a
baby game compared to those who play with hundreds of thousands of
dollars and higher.
Also, presence of experts in the field, or volume of their activities
doesn't mean that they are necessarily competing with you. They can't
play god, they can't control you down to your baby game if you know what you're doing. There are ample opportunities for an individual to make a
few extra thousand dollars a year without even be felt by the big guys.
This isn't about suddenly making a ton of money, which can happen but
one cannot rely on such strategies. It is about steadily making a little
sum of money for "silly" expenses as I described. Especially during retirement.
Try it if you like. Make a Robinhood account and put, say, $5k in it andOh, I dabble in my 'gambling' set-aside. Had a 100% loss a few years
try to turn it into $10k in one year. You'll have a lot of fun ahead of
you :)
On 2/28/25 4:55 AM, -hh wrote:
On 2/28/25 01:31, Physfitfreak wrote:
Nymshifter? I've never been nymshifter in my life. When I change
alias, it is because I really have changed. So depending on what my
main type of activity has been, every few years my alias also changed
accordingly.
"alias" = "PotAto, PoTaTo".
And I've never had more than one alias at the same time.
AFAIC, even an annual change is too rapid to be bothered with.
You're underestimating what an individual can do by himself in the
world of stocks and cryptos.
No, I'm merely recognizing that the difference in effort to decrease
the gambling risk is quite nonlinear; with the ROI being unfavorable,
I choose to not play that game.
Also, you have a ton of money in your mind when you think and speak
of it, large enough to make you really concerned. So I understand
why you leave it to experts to handle such sums.
I think you've misunderstood what I was saying with the experts: their
performance track records aren't any better than passive, and since
they cost more, they have an inferior ROI. This is why ~half the
individual investor market today has changed from active to passive.
My world of trading is a microcosm of what experts are doing. It is a
baby game compared to those who play with hundreds of thousands of
dollars and higher.
The raw dollars largely doesn't matter; it is if you're achieving
one's goals or not - along with the insight of how much work is it
taking you, to see if its worth the effort. If its gambling for
entertainment, that's fine so long as entertainment is your goal and
you're willing to pay for it at up to the "100% loss" level.
Also, presence of experts in the field, or volume of their activities
doesn't mean that they are necessarily competing with you. They can't
play god, they can't control you down to your baby game if you know
what you're doing. There are ample opportunities for an individual to
make a few extra thousand dollars a year without even be felt by the
big guys.
You'd be surprised. I think I've mentioned a friend who's tinkered
with a momentum-based decision tool; their conclusion is that roughly
~1/3rd of a price is from manipulation.
This isn't about suddenly making a ton of money, which can happen but
one cannot rely on such strategies. It is about steadily making a
little sum of money for "silly" expenses as I described. Especially
during retirement.
That can also depend on what sum is required for "silly", along with
what one's risk tolerance is for gambling. Buying a lottery ticket
can have just as much upside potential, but at a lower level of
effort. Or to have sufficient margin such that 'silly' expenses are
noise.
Try it if you like. Make a Robinhood account and put, say, $5k in itOh, I dabble in my 'gambling' set-aside. Had a 100% loss a few years
and try to turn it into $10k in one year. You'll have a lot of fun
ahead of you :)
ago on one pick, but well enough on a few others. Current speculation
is up roughly +300% in less than a year. But point is that I know
that its dabbling, and not necessary for my well-being or happiness.
-hh
Hmm.. I don't know what you exactly mean by, "alias" = "PotAto, PoTaTo".
Did someone with alias "PotAto" pretended to be Physfitfreak? If so,
you've been victim of immature pranksters like "DFS" or that "Sausage up wrestlers' ass" guy or Relf. Any "engineer" type bozo included. So many
of them morons tucked inside COLA.
The aliases I use aren't even true aliases. They are _descriptions_ of
me. And they have changed every 5 or 6 years, cause it takes that long
for me (and other Modern Humans) to essentially become someone else.
When I was deep into studying biology, I was "biofreak" here. When I was deeply into the world of Excel, I was "Excelfreak" here. etc and etc.
Are you DRUNK when you reply to my posts? Why do I have to repeat myself every time we communicate? (I know why - this is not a question I need
an answer for)
This "gambling" thing... Ok. Education time. I think prudent stock and
crypto trading is not gambling. I think long term investments in such
fields are more like gambling! Hehe :) I'm not kidding.
Yes, it's not like real estate. Far less can happen negatively to a
piece of land than to your long term investments. In USA of course long
term investments are safer than in other countries. This system here is located too far (geographically) from what's going on in the world.
Gambling is like crossing the street with your eyes closed and ears
plugged. You'd do it either fast or slowly. That's as much control there
is that you can have. A Russian roulette.
But trading of stocks and crypto by yourself is like crossing the street
the way people who manage it all their lives do. Yes, some morons get
killed by crossing the street but that doesn't mean you cannot cross the street safely all by yourself.
Can I conclude, then, that you're chicken? :)
On 3/3/25 12:24 PM, Physfitfreak wrote:
Nobody knocked on wood, so neither stocks nor crypto experienced any
increase. People are just selling on both fronts to wait tomorrow's
unpredictable situation out.
Tariffs kicks in tomorrow, and some people are still hopeful it can be
prevented. Because Trump bullshits a lot.
Yes, it looks like the obstacle is tomorrow's turn out of tariffs and
the retaliation tariffs imposed on American products.
But as far as XRP by itself is concerned, one could only at this point conduct a poll and see what the consensus is. This was done this week in
X after Trump included it in the Strategic Reserves and people were
asked to say by December of 2025 which of the four values below will represent the price of XRP best:
1- $100
2- $1000
3- $10000
4- $100000
The result, as of right now, has been:
1- 59.5%
2- 20.3%
3- 4.1%
4- 16.1%
If the 60% consensus materializes, a mere investment of $3000 in it
right now (XRP = $2.36) will become $127100 by December. $124k profit.
Note that XRP's chances are much better than that of Dogecoin was in
2021. Doge was resented by the financial system crooks while XRP is supported.
Also note the difference between cases 3 and 4. It reflects the fact
that people see that either XRP makes it fully or remains one of the
under the $1000 cryptos; and that there's no place for it in between.
Hi,
When you have the bitcoin reserve. Do not
forget to abolish the national banks and
the banks, everybody that lends money.
Since only a currency with limited supply is good.
The ultimate utopia will be USA inhabitated
by farmers, selling their products inside
USA with bitcoin, perfectly protected from
the outside world. Plus a few gold card visitors.
LoL
Bye
Physfitfreak schrieb:
On 3/3/25 12:24 PM, Physfitfreak wrote:
Nobody knocked on wood, so neither stocks nor crypto experienced any
increase. People are just selling on both fronts to wait tomorrow's
unpredictable situation out.
Tariffs kicks in tomorrow, and some people are still hopeful it can
be prevented. Because Trump bullshits a lot.
Yes, it looks like the obstacle is tomorrow's turn out of tariffs and
the retaliation tariffs imposed on American products.
But as far as XRP by itself is concerned, one could only at this point
conduct a poll and see what the consensus is. This was done this week
in X after Trump included it in the Strategic Reserves and people were
asked to say by December of 2025 which of the four values below will
represent the price of XRP best:
1- $100
2- $1000
3- $10000
4- $100000
The result, as of right now, has been:
1- 59.5%
2- 20.3%
3- 4.1%
4- 16.1%
If the 60% consensus materializes, a mere investment of $3000 in it
right now (XRP = $2.36) will become $127100 by December. $124k profit.
Note that XRP's chances are much better than that of Dogecoin was in
2021. Doge was resented by the financial system crooks while XRP is
supported.
Also note the difference between cases 3 and 4. It reflects the fact
that people see that either XRP makes it fully or remains one of the
under the $1000 cryptos; and that there's no place for it in between.
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