Thank you Elaine. Last year, I posted something that Jonathan may not disagree. He politely suggested an idea that I still think he's right. There's many other forums to rant/rave but let's be civil in Humble Dollar. Do it in Jonathan's memory.
Not sure if everybody listens to the All-In Podcast (hosted by Jason Calacanis, a multi-millionaire venture capitalist). About 6 months ago, they discussed about the AI hype and some of them agreed that this AI hype was quite similar to the dot-com bubble. I'm not sure what episode number but you all should listen to the discussion if you can find that episode.
I was fortunate to work at a mutual fund company (hint: this mutual fund company has an ETF started with a letter Q). Hence, I learnt the tricks of the trade while providing IT support for the trading team. Knowing my capability, I'd rather be a brilliant investor than a trader.
When you are buying 1 Bitcoin, you are buying a prime number (if you don't know what's a prime number, your children or grandchildren might be able to help).
Crypto currencies (albeit Bitcoin, Dogecoin, Ethereum,...) facilitate transaction much quicker than current financial transaction. Is that a prime reason (no pun intended from the previous bullet) to get into this hype ?
One day during post-COVID, my mother, who lived alone, decided to take a drive south for 150 miles into the beach. She almost drowned in her car but God saved her; a late park visitor saw the tail light of her car and notified the park ranger. She was diagnosed with dementia and now is residing in a memory care. My siblings thought dementia and serious neurological disease only happened to other people. As far as family dynamics is concerned, my mother, before the above incident, had an estranged re/ship with her children, myself included. Now, we, her children, have to provide the care. Sounds unreasonable but that's life.
i just came back from a religious pilgrimage tour with a group of 55+ . Most people found me funny and some commented that "I am young at heart". I do not care for what others perceived me (albeit physical appearance vs age or knowledge vs age). Physically, I feel great and I thank God that gave me the wisdom to make the right decision in regard to physical health.
Watching my mother suffering from Alzheimer/Parkison in a memory care and the burden of my part-time care giving responsibility, your decision (re: "... I don’t want to burden Rachel with the responsibility of taking care of me.") is spotted on. I do not want my wife nor my children to be burdened in providing care-giving tasks such as changing my adult diaper nor wiping my derriere during my no-go stage of retirement. Hence, my retirement money will be put into good use for a decent caregiver at a CCRC.
You and me, some of us remember to roll over the 401k account to an IRA account at our preferred stock broker company. Most people are clueless about 401k rollover when changing job (my unscientific statistic is 2 out 10 persons).
401Ks/403Bs are excellent replacement for pension. The so-called golden handcuff is broken. No one wants to work at a miserable company for the rest of his/her life. Also, the employer has always used the "golden handcuff" to threat/cajol the employees to stay. During time of business contraction (read: recession), employers find ways to reduce/eliminate the vested pension from the laid-off employees. Now, a laid-off employees can roll over their hard-earned 401k/403b account to IRA or to the next employer's 401k plan.
Comments
Thank you Elaine. Last year, I posted something that Jonathan may not disagree. He politely suggested an idea that I still think he's right. There's many other forums to rant/rave but let's be civil in Humble Dollar. Do it in Jonathan's memory.
Post: Letter from Elaine
Link to comment from November 27, 2025
Not sure if everybody listens to the All-In Podcast (hosted by Jason Calacanis, a multi-millionaire venture capitalist). About 6 months ago, they discussed about the AI hype and some of them agreed that this AI hype was quite similar to the dot-com bubble. I'm not sure what episode number but you all should listen to the discussion if you can find that episode.
Post: Same But Different: The AI Bubble That Isn’t (Quite)
Link to comment from October 13, 2025
I was fortunate to work at a mutual fund company (hint: this mutual fund company has an ETF started with a letter Q). Hence, I learnt the tricks of the trade while providing IT support for the trading team. Knowing my capability, I'd rather be a brilliant investor than a trader.
Post: Are You a Trader or an Investor?
Link to comment from October 7, 2025
I'm a tech guy. So here's my $.02 opinion
- When you are buying 1 Bitcoin, you are buying a prime number (if you don't know what's a prime number, your children or grandchildren might be able to help).
- Crypto currencies (albeit Bitcoin, Dogecoin, Ethereum,...) facilitate transaction much quicker than current financial transaction. Is that a prime reason (no pun intended from the previous bullet) to get into this hype ?
Change my mind.Post: Why Bitcoin?
Link to comment from October 1, 2025
Jonathan. Your words live on. God bless.
Post: Jonathan and website update
Link to comment from September 20, 2025
One day during post-COVID, my mother, who lived alone, decided to take a drive south for 150 miles into the beach. She almost drowned in her car but God saved her; a late park visitor saw the tail light of her car and notified the park ranger. She was diagnosed with dementia and now is residing in a memory care. My siblings thought dementia and serious neurological disease only happened to other people. As far as family dynamics is concerned, my mother, before the above incident, had an estranged re/ship with her children, myself included. Now, we, her children, have to provide the care. Sounds unreasonable but that's life.
Post: Family Dynamics, Part 3: What Do Adult Children Owe Their Aging Parents?
Link to comment from July 30, 2025
i just came back from a religious pilgrimage tour with a group of 55+ . Most people found me funny and some commented that "I am young at heart". I do not care for what others perceived me (albeit physical appearance vs age or knowledge vs age). Physically, I feel great and I thank God that gave me the wisdom to make the right decision in regard to physical health.
Post: Mirror, Mirror on the Wall
Link to comment from July 16, 2025
Watching my mother suffering from Alzheimer/Parkison in a memory care and the burden of my part-time care giving responsibility, your decision (re: "... I don’t want to burden Rachel with the responsibility of taking care of me.") is spotted on. I do not want my wife nor my children to be burdened in providing care-giving tasks such as changing my adult diaper nor wiping my derriere during my no-go stage of retirement. Hence, my retirement money will be put into good use for a decent caregiver at a CCRC.
Post: As Evening Approaches
Link to comment from February 17, 2025
You and me, some of us remember to roll over the 401k account to an IRA account at our preferred stock broker company. Most people are clueless about 401k rollover when changing job (my unscientific statistic is 2 out 10 persons).
Post: Love, Hate and My 401(k)
Link to comment from December 6, 2024
401Ks/403Bs are excellent replacement for pension. The so-called golden handcuff is broken. No one wants to work at a miserable company for the rest of his/her life. Also, the employer has always used the "golden handcuff" to threat/cajol the employees to stay. During time of business contraction (read: recession), employers find ways to reduce/eliminate the vested pension from the laid-off employees. Now, a laid-off employees can roll over their hard-earned 401k/403b account to IRA or to the next employer's 401k plan.
Post: Bashing the 401k scam – looking for a better idea. RDQ says it’s misunderstood
Link to comment from December 5, 2024