XPost: comp.os.linux.advocacy, sci.physics.relativity   
   From: physfitfreak@gmail.com   
      
   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:   
   >>>>   
   >>>>   
   >>>> 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?..   
   >   
   >   
   > 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.   
   >   
   >   
   > -hh   
   >   
   >   
   >   
   >   
   >   
   >   
      
      
   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.   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)