Of course moving is expensive, you must have known that. Yes, been there done that in 2016 and since moved into an Independent Living CCRC in 2022. Most people move here in their 70's to 80's, but some later. Average age here is 83, 2/3 women and 50 couples out of 234 apartments. Once you are moved in all the hassle is gone. And our CCRC has assisted living, memory care, and nursing when needed. After you enjoy your home, and then it becomes a burden, be ready to make one more move. My mantra during those times is ODAAT, one day at a time, because you can't do it all in a week.
Always a good Idea to educate, I did that in 1985 and I learned a lot. I am self financed since childhood. Parents encouraged a bank account at 10 years old, ah, they paid me money for saving mine, one of the most important financial axioms, Compounding interest! The other major one, inflation. So it seemed to me someone with little money did not have or want to pay a fee, at my brokerage, Fidelity. I actually gave them $100,000 to invest about 1990, and guess what, they never beat the S&P 500, but most of all they traded so often, your head would spin, and I had to pay them if they made money or not. I stopped that after 6 months and started reading all I could to learn about Bogle, Peter Lynch, and many others. So, First, have you personally benefitted from access to financial planning, and if so, how? Yes, saved thousands of dollars and at 65 realized indexing was by far the best bet for me, no financial planner needed. And second, why aren’t financial planners reaching those who need it most? Not sure but it costs money and it is hard to trust others with your very hard earned cash, maybe young people no interest, you have to get them on social media. At 80, I am at 85% equites, so I can beat inflation, and 15% cash to tide me over when the market is in a tizzy or downtrend for a year of 5 years, generally not more. I decide no need for bonds but if you like them, OK, 55, 35, 10, equites, bonds, cash. This is working for me. Humble Dollar is a godsend, we should all find a way with a new name that attracts young 25 to 45 year olds somehow on social media. They need this info the most.
Been there done that. I am 80 this year, and I split my entire coin collection mostly to the grands in 2015 but also the children. However ,I saved my birth year coins, so that folder of 21 coins represents them all! I suggest you keep 3 favorites, and maybe someone in the family will treasure those for years to come.
Great article. My wife 60 feet and me 20 feet. Now go to your Master Bath, and count how many items your wife has, versus you have, it is like 200 to 40 or so! Life has it ways, glad to hear about your vintage success, we just donate any clothes. Smile.
Buy just one share, your Grand kids will benefit. If you feel Musk will make the difference, by 5 shares for each, does not matter if buy them day one or day 51, just do it.
Great Question. I remember when Facebook came on the scene, this could be similar, but probably not. At opening it barely made the strike price of $38 in 2013, then by September down to $18, then took 14 months from start to get back to $38. By early 2014, it crossed $60; by 2018, it was over $200 and in 2025 to $700. So, my take is buy, just a few shares at the beginning, if it goes down wait. However, this one could be much different, because Elon Musk has a mystique about him. If it appears to be going up, up, then buy on the up, but do not get crazy. It really only takes one share over time. Example McDonadls stock in 1968 was $60, today that one share is worth $136,000!! Enough said.
As always Adam another good article. I chose the 2 bucket approach similar to the Buffett 90% equities and 10% treasuries. My 2 bucket approach is 85% equities stocks, no private investments and 15% cash. The cash tides you over during the downturns so you do not have to sell any stocks. It has been working well over the last 10 years, now age 80.
Excellent article. Yes, downturns time to watch and buy, uptrends time to sell. Patience, lucky for me I learned this early on, and in one 3 year downturn my portfolio was down 45%, but have no fear, just hold on to your seat, have patience and the market after that was 15 years of up, and only one down. Patience and Discipline, you just watch during a DOWN market.
Comments
Of course moving is expensive, you must have known that. Yes, been there done that in 2016 and since moved into an Independent Living CCRC in 2022. Most people move here in their 70's to 80's, but some later. Average age here is 83, 2/3 women and 50 couples out of 234 apartments. Once you are moved in all the hassle is gone. And our CCRC has assisted living, memory care, and nursing when needed. After you enjoy your home, and then it becomes a burden, be ready to make one more move. My mantra during those times is ODAAT, one day at a time, because you can't do it all in a week.
Post: Moving is Expensive!
Link to comment from June 7, 2026
Always a good Idea to educate, I did that in 1985 and I learned a lot. I am self financed since childhood. Parents encouraged a bank account at 10 years old, ah, they paid me money for saving mine, one of the most important financial axioms, Compounding interest! The other major one, inflation. So it seemed to me someone with little money did not have or want to pay a fee, at my brokerage, Fidelity. I actually gave them $100,000 to invest about 1990, and guess what, they never beat the S&P 500, but most of all they traded so often, your head would spin, and I had to pay them if they made money or not. I stopped that after 6 months and started reading all I could to learn about Bogle, Peter Lynch, and many others. So, First, have you personally benefitted from access to financial planning, and if so, how? Yes, saved thousands of dollars and at 65 realized indexing was by far the best bet for me, no financial planner needed. And second, why aren’t financial planners reaching those who need it most? Not sure but it costs money and it is hard to trust others with your very hard earned cash, maybe young people no interest, you have to get them on social media. At 80, I am at 85% equites, so I can beat inflation, and 15% cash to tide me over when the market is in a tizzy or downtrend for a year of 5 years, generally not more. I decide no need for bonds but if you like them, OK, 55, 35, 10, equites, bonds, cash. This is working for me. Humble Dollar is a godsend, we should all find a way with a new name that attracts young 25 to 45 year olds somehow on social media. They need this info the most.
Post: The Quiet Failure of Good Advice
Link to comment from June 7, 2026
Been there done that. I am 80 this year, and I split my entire coin collection mostly to the grands in 2015 but also the children. However ,I saved my birth year coins, so that folder of 21 coins represents them all! I suggest you keep 3 favorites, and maybe someone in the family will treasure those for years to come.
Post: The Ping
Link to comment from June 7, 2026
Great article. My wife 60 feet and me 20 feet. Now go to your Master Bath, and count how many items your wife has, versus you have, it is like 200 to 40 or so! Life has it ways, glad to hear about your vintage success, we just donate any clothes. Smile.
Post: The Ping
Link to comment from June 7, 2026
Amen. Just buy that one share, it will be all you need for your grands. Get a picture of the share, and frame that instead.
Post: SpaceX IPO: Is Margin Optional?
Link to comment from June 7, 2026
Buy just one share, your Grand kids will benefit. If you feel Musk will make the difference, by 5 shares for each, does not matter if buy them day one or day 51, just do it.
Post: SpaceX IPO: Is Margin Optional?
Link to comment from June 7, 2026
Great Question. I remember when Facebook came on the scene, this could be similar, but probably not. At opening it barely made the strike price of $38 in 2013, then by September down to $18, then took 14 months from start to get back to $38. By early 2014, it crossed $60; by 2018, it was over $200 and in 2025 to $700. So, my take is buy, just a few shares at the beginning, if it goes down wait. However, this one could be much different, because Elon Musk has a mystique about him. If it appears to be going up, up, then buy on the up, but do not get crazy. It really only takes one share over time. Example McDonadls stock in 1968 was $60, today that one share is worth $136,000!! Enough said.
Post: SpaceX IPO: Is Margin Optional?
Link to comment from June 7, 2026
God Bless Jonathan. One who loved Family and Friends and made his mark to ALL. Thanks. May he rest in Peace.
Post: Mourning the World
Link to comment from June 7, 2026
As always Adam another good article. I chose the 2 bucket approach similar to the Buffett 90% equities and 10% treasuries. My 2 bucket approach is 85% equities stocks, no private investments and 15% cash. The cash tides you over during the downturns so you do not have to sell any stocks. It has been working well over the last 10 years, now age 80.
Post: Bucket Strategy
Link to comment from June 6, 2026
Excellent article. Yes, downturns time to watch and buy, uptrends time to sell. Patience, lucky for me I learned this early on, and in one 3 year downturn my portfolio was down 45%, but have no fear, just hold on to your seat, have patience and the market after that was 15 years of up, and only one down. Patience and Discipline, you just watch during a DOWN market.
Post: Farrell Behavior
Link to comment from May 31, 2026