XPost: comp.os.linux.advocacy, sci.physics.relativity   
   From: recscuba_google@huntzinger.com   
      
   On 2/26/25 15:13, Physfitfreak wrote:   
   > 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.   
   >>   
   >   
   >   
   > 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.   
      
   Unfortunately, quite true.  Its a product of the decline of   
   multi-generational families living in the same household.   
      
      
   > 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 :)   
      
   Not really any need to, because when you're in the USA, it means that   
   you're going to have to live within its operational structures.  For day   
   to day living, that can be independent if that's your preference, but as   
   one ages, there are limitations to doing so, so one may need to decide   
   for something else.  Moving in with family can be an option, or perhaps   
   not: that's a function of individual circumstances.  Ditto for perhaps   
   hosting a boarder/caregiver, etc.   
      
      
   > As far as "allocations" are concerned, crypto and sometimes stocks.   
   > That's all.   
      
   So then ~zero liquid assets outside of one's brokerage?  That appears to   
   be carrying a pretty high cash flow risk.   
      
      
   > 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.   
      
   Which is all fine when one is still able to go do of that on one's own.   
      
      
      
   > 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?   
      
   Pretty much, for it is suggesting that your suggestion to buy on the   
   drop isn't actionable by you personally, as you're suggesting that you   
   don't have any liquid reserves with which to go "buy low".   
      
   Sure, there can be speculation ...that's what RH does...with the likes   
   of Margin buys, but this needs to be recognized as gambling, and   
   hopefully done with highly discretionary funds, not essential living.   
      
      
   > 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.   
      
   Its always 'fun' in an up market; “Only when the tide goes out do you   
   discover who's been swimming naked” - Warren Buffett.   
      
   -hh   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)