My spouse makes twice what I do and has been maxing out her retirement options (because I insisted on it) for only a few years less than I have, so I'm not worried. I don't think your question is about us.
In retirement accounts, we're a little more allocated in treasuries and bonds. In one IRA account I cashed out of an index fund, but bought back in at $2 a share lower, so same allocation but with a slight advantage of owning more shares. Some people here will disapprove of market timing.
Oh, and bought IAU because I bet it will provide a quick return, probably enough to buy a new car which I'll need in a few years.
Bitcoin could disappear in an instant. What if a brilliant methematician, programmer, or AI cracks the math to interrupt blockchain? Or the owner of your local internet cuts you off or started charging fees for all bitcoin traffic? Or international traffic is throttled? Or quantum computers become a reality and can crack the code? Ot there is a massive electrical grid shutdown? And what if people simply refuse to use it for day-to-day transactions? Bitcoin is weak and fragile.
I put $3k in bitcoin, a tiny drop of my portfolio. It's a fun gamble. Now it's worth $6k. Maybe someday my kids will be wealthy from it or maybe I'll lose $3k. But to believe in it? Maybe, but unlikely long term. I don't recommend it as a real investment. Gold, on the other hand, is a real physical object and has been an obsession of world cultures for as long as we have a historical record.
I need some fun with equity investing. Index fund are the bulk of my equity investments, but I also have a small "gambling" account, which I think I got the idea for in HumbleDollar, where I bet individual stocks. Rules are that bets are limited to approx $1k and nothing may be sold until it's a long term gain or loss.
Also, I put $3k in a bitcoin ETF to hold forever (it will go to zero or I will be a gazillionaire) and put some money into gold purely because of the current momentum.
Why would I pay someone a fee to do this? I want to play the game myself.
Why was today's unfair? I tried it after reading your post here and got it in less thsn 2 minutes no errors. But I admit I was completely stumped by a puzzle earlier this week in the middle of your winning streak. The one I was stumped by was the unfair one; not today's!
I usually get Connections in a few minutes, but occasionally I am completely stumped. On these days, I worry I am losing my powers of cognition. I quit Wordle because it is mostly a guessing game (you do need to know a lot of five letter words). My scores fit almost perfectly to a normal distribution and I could marginally improve it with a little strategy in the few cases where strategy would apply. Connections is different. Years ago my dad had a Mensa puzzles book on the toilet tank so I read bits of it. Strategies in it are useful for Connections.
"At some point over the past four decades, I lost the ability to do things solely for my own enjoyment." I have a retired friend who is crazy busy helping other people. A lot of others who do things to help people at a less busy pace, such as working at a food pantry, tutoring high school kids, or pro bono legal work. They need to do more than just for their own enjoyment. I see HumbleDollar in this framework. You help us. And I am sure I speak for many of us that we find HumbleDollar highly enjoyable. Thank you for spreading the wealth!
Comments
My spouse makes twice what I do and has been maxing out her retirement options (because I insisted on it) for only a few years less than I have, so I'm not worried. I don't think your question is about us.
Post: Have you planned survivor income for your spouse or someone dependent on you? RDQ
Link to comment from May 11, 2025
In retirement accounts, we're a little more allocated in treasuries and bonds. In one IRA account I cashed out of an index fund, but bought back in at $2 a share lower, so same allocation but with a slight advantage of owning more shares. Some people here will disapprove of market timing. Oh, and bought IAU because I bet it will provide a quick return, probably enough to buy a new car which I'll need in a few years.
Post: Ch-Ch-Changes?
Link to comment from May 11, 2025
Our taxes went up when we married because we were married. Maybe we shouldn't have told the IRS...
Post: Am I Really Married?
Link to comment from May 11, 2025
This sounds familar. I think after the ceremony witnesses had to sign a form which was then filed in the city where we were married.
Post: Am I Really Married?
Link to comment from May 11, 2025
Bitcoin could disappear in an instant. What if a brilliant methematician, programmer, or AI cracks the math to interrupt blockchain? Or the owner of your local internet cuts you off or started charging fees for all bitcoin traffic? Or international traffic is throttled? Or quantum computers become a reality and can crack the code? Ot there is a massive electrical grid shutdown? And what if people simply refuse to use it for day-to-day transactions? Bitcoin is weak and fragile. I put $3k in bitcoin, a tiny drop of my portfolio. It's a fun gamble. Now it's worth $6k. Maybe someday my kids will be wealthy from it or maybe I'll lose $3k. But to believe in it? Maybe, but unlikely long term. I don't recommend it as a real investment. Gold, on the other hand, is a real physical object and has been an obsession of world cultures for as long as we have a historical record.
Post: Go for the Gold?
Link to comment from May 10, 2025
I need some fun with equity investing. Index fund are the bulk of my equity investments, but I also have a small "gambling" account, which I think I got the idea for in HumbleDollar, where I bet individual stocks. Rules are that bets are limited to approx $1k and nothing may be sold until it's a long term gain or loss. Also, I put $3k in a bitcoin ETF to hold forever (it will go to zero or I will be a gazillionaire) and put some money into gold purely because of the current momentum. Why would I pay someone a fee to do this? I want to play the game myself.
Post: Suffering in Private
Link to comment from May 3, 2025
How can I invest in cold fusion except via private funds?
Post: Suffering in Private
Link to comment from May 3, 2025
Why was today's unfair? I tried it after reading your post here and got it in less thsn 2 minutes no errors. But I admit I was completely stumped by a puzzle earlier this week in the middle of your winning streak. The one I was stumped by was the unfair one; not today's!
Post: Building Connections by Marjorie Kondrack
Link to comment from April 26, 2025
I usually get Connections in a few minutes, but occasionally I am completely stumped. On these days, I worry I am losing my powers of cognition. I quit Wordle because it is mostly a guessing game (you do need to know a lot of five letter words). My scores fit almost perfectly to a normal distribution and I could marginally improve it with a little strategy in the few cases where strategy would apply. Connections is different. Years ago my dad had a Mensa puzzles book on the toilet tank so I read bits of it. Strategies in it are useful for Connections.
Post: Building Connections by Marjorie Kondrack
Link to comment from April 26, 2025
"At some point over the past four decades, I lost the ability to do things solely for my own enjoyment." I have a retired friend who is crazy busy helping other people. A lot of others who do things to help people at a less busy pace, such as working at a food pantry, tutoring high school kids, or pro bono legal work. They need to do more than just for their own enjoyment. I see HumbleDollar in this framework. You help us. And I am sure I speak for many of us that we find HumbleDollar highly enjoyable. Thank you for spreading the wealth!
Post: Tasting Retirement
Link to comment from April 26, 2025