XPost: comp.os.linux.advocacy, sci.physics.relativity   
   From: recscuba_google@huntzinger.com   
      
   On 2/28/25 01:31, Physfitfreak wrote:   
   > 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   
      
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