XPost: comp.os.linux.advocacy, sci.physics.relativity   
   From: physfitfreak@gmail.com   
      
   On 2/27/25 7:45 PM, -hh wrote:   
   > On 2/27/25 00:05, Physfitfreak wrote:   
   >> On 2/26/25 3:28 PM, -hh wrote:   
   >>> 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:   
   >>>>>>>>   
   >>>>   
   >>>> 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   
   >>   
   >>   
   >> I don't use margins. It's not a sane strategy. To me it is like a   
   >> disguised credit card use. I haven't used a credit card since late   
   >> 1980s. Star thinks I use my Mom's though :)   
   >   
   > Same.  AFAIC, margins is gambling under a different name.  It seems to   
   > be the purview of many (most?) Robinhood accounts, hence the comment.   
   >   
   >   
   >> No I have the money to buy low when I think it would be rewarding. It   
   >> would sometimes mean selling in some other areas fast to provide the   
   >> money if I'm desperate for time. But usually I have the money.   
   >   
   > Specific strategies are up to individuals to decide upon, but what is   
   > known macroscopically is that Active managed funds do not reliably   
   > outperform Passive, and that's with full time professionals trying with   
   > Bloomberg terminals and all the rest to be maximally informed; regular   
   > individuals basically don't stand a chance.  As such, our most reliable   
   > strategy is to "not play the game":  buy & hold.   
   >   
   >   
   >> The "net worth" I talked about includes the possibility that I wake up   
   >> tomorrow and find that I've lost them all. In that sense (i.e. when   
   >> you include things that can happen to it also), my net worth is zero.   
   >> Because shit can always happen.   
   >>   
   >> When it happens, I'd still manage by beginning from zero again. As   
   >> simple as that.   
   >>   
   >> You're saying I should be more careful.   
   >   
   > Nah, its up to you to decide.  If you're happy taking the risk of flying   
   > the trapeze with no safety net, that's your call.  Its not my personal   
   > choice because I have accepted the responsibility of caring for others   
   > (even when it reduces down to just cats/dogs).   
   >   
   >> I thought you knew me better by now.   
   >   
   > Not really; I tend to care very little about nymshifters because they   
   > don't care enough about themselves to not be a chameleon.  Its similar   
   > to a business rule of thumb:  a company who changes their name does so   
   > because they have a bad reputation.   
   >   
   >> It is too expensive to be more careful than this. In life's currency   
   >> that is. It isn't worth it, in the same manner that cars who're priced   
   >> more than $2000 aren't worth the money.   
   >   
   > That also depends on life choices in priorities:  in life's currencies,   
   > there's value in having peace of mind of not having to worry about where   
   > one's next meal is coming from ... and just how much of a safety margin   
   > is merited for such uncertainties is also a personal comfort level   
   > choice.  Having a safety margin isn't uncommon when one's been through   
   > rough patches where there weren't the resources for meals...or   
   > similarly, having a car that won't run.   
   >   
   >   
      
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