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05-19-2020, 07:26 PM | #4891 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $1806136
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Red for me today
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Posts: 54,563
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05-19-2020, 07:29 PM | #4892 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $421900
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I started a small position in TLT. I use it as a hedge type move to lessen losses in a decline without having to buy an inverse fund and get totally ****ed (have before-oops).
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Posts: 46,066
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05-19-2020, 07:33 PM | #4893 | |
MVP
Join Date: Jan 2012
Casino cash: $3505025
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Quote:
This is why I dont do any serious investing by myself lol |
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Posts: 6,155
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05-19-2020, 07:38 PM | #4894 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $220477
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Today was a great day for me!
4 walleye ( a 22 inch and a 19 inch) 3 crappie |
Posts: 40,779
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05-19-2020, 07:51 PM | #4895 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $421900
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Really anyone can learn basic investing. People just always seem to busy to learn about how to manage money. I have a Master’s degree but have never taken a single business course. I just wanted to learn how to manage money so I self taught just reading articles and a few books. I firmly believe all college graduates should have to take a finances course and much of the basics should be taught in high school.
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Posts: 46,066
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05-19-2020, 09:09 PM | #4896 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $804734
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Quote:
We had this dude working for us. Comes wants a job. So much an hour fine. Always seems to have something to do. Needs to come late. Wants to leave early always has shit to do. So naturally he broke. All the time. Zomg how am I going to make rent blah blah blah. Dude if I were broke and hourly you couldn’t drag me out of that farm with a log chain. Nope. Gotta do this gotta do that. Then later on he’s plying me for a raise. Which I’m not going to give him because he doesn’t work enough. Anyway he’s whining to me that he doesn’t have any retirement and his dad took retirement at 58 or whatever the soonest he could take (prorated) social security. So his dad is starving to death on prorated social security and doesn’t have a 401k or anything like that. And he doesn’t want to be that way. Wants to do better blah blah blah. His narrative was that he’s this great employee and deserves better. He wasn’t and didn’t, but that doesn’t matter to the story. So I ask him if he has an IRA. What’s that? Jesus man. A 20 minute google search on “retirement” and you can probably know enough to get a retirement fund started anyway. But all I get is a blank look. So I told him to bring me all his information and I’d help him get one started. Guess what he never did. Start a retirement fund. But somehow it’s my fault that his dad is a flaming moron and took social security as early as he possibly could and had no other savings. And he’s unwilling to do anything to prevent it from happening to him. He left and it’s fine. He was obviously not operating in good faith, so I’m fine with it. But he was obviously worried about it, but totally unwilling to do anything to even try to figure out what to do. Just expect Buehler to fix it. |
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Posts: 57,702
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05-19-2020, 09:20 PM | #4897 |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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ZBISF was up big today! It could be the start of a trend.
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Posts: 43,200
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05-19-2020, 10:47 PM | #4898 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $1808491
VARSITY
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Quote:
I'm really curious what causes a person to go the grasshopper route or the ant route on finances. Handling your money poorly causes so much stress and so many problems, and yet some people seem to be completely unwilling to learn. It's not even that hard to learn the basics, but I see people making terrible financial decisions all the time.
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Posts: 142,657
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05-20-2020, 05:20 AM | #4899 |
I'll be back.
Join Date: Nov 2002
Casino cash: $3200478
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Feel like I should take profit in IBIO and MARK today and put it all in VTIQ before the June 2 merger gets too close. THOUGHTS?!?!!!!!
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Chiefs game films |
Posts: 286,002
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05-20-2020, 07:04 AM | #4900 | |
Grand champ
Join Date: Sep 2007
Casino cash: $572369
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Quote:
I don't have any insight into their inner thoughts, but I have to assume they just get used to the struggle over time. "If they knew better, they'd do better" kind of thing. |
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Posts: 45,379
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05-20-2020, 07:14 AM | #4901 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $220477
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Quote:
When my daughter gets out of college (2 1/2 years more) I'm thinking I'm going to refinance one of my rentals that are already paid off and use that money to buy me a really big boat. I'm torn to if thats a good financial decision or not??? My little bass boat can't handle 4 foot swells so a bigger boat could save my life and I really don't want to die at this point in life, I mean we just got our QB. |
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Posts: 40,779
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05-20-2020, 08:41 AM | #4902 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $421900
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COST to report earnings 5/28.
I’m in today at $304.50. |
Posts: 46,066
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05-20-2020, 08:51 AM | #4903 |
MVP
Join Date: Oct 2012
Location: Lenexa, KS
Casino cash: $1896717
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Posts: 14,404
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05-20-2020, 11:01 AM | #4904 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $1808491
VARSITY
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Quote:
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05-20-2020, 11:41 AM | #4905 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $1808491
VARSITY
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Quote:
On the topic of financial literacy, I had an argument with my father last year about my car. My wife and I have one car because we live in the city and I walk everywhere. We kind of inherited a new car from my wife's father, so we ended up with two cars for a bit. I then sold one of them, and got an earful from my father about it. I swear this is a true conversation. Father: Why'd you sell your car? Me: We didn't need it. Father: But you could have kept it. Me: We didn't need it. Father (more insistently): But you could have KEPT it. Me: Why would I keep it? It costs money to own a car, and we weren't driving it. Father: It doesn't cost any money to own a car. Me: What are you talking about? Of course it costs money. You have to have insurance and license plates, and you have to pay taxes and you have to maintain it. Of course it costs money. Father: You don't have to do any of that. Me: What? Of course you do. Father: Just park it. Leave it in the garage and don't drive it. Then you don't have to do any of that stuff. It doesn't cost anything. Me: You want me to just park a car in my garage and then not be able to drive it? That makes zero sense. Father: BUT YOU'D STILL HAVE A CAR! NOW YOU DON'T HAVE A CAR! It's like he doesn't even understand what money is. He thinks that because he can't see a car, it completely disappeared, and he can't comprehend that I converted the depreciating car into money that I have now invested to get a return. He put me on blast, and then told other relatives that I don't respect him because I won't take his advice. Well, duh.
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