AMC also up 20+%
So selling my AMC at $6 in Feb wasn’t the right move, shocker
Just going to leave this here. Basically nobody in America thinks they are rich.
https://www.bogleheads.org/forum/viewtopic.php?f=1&t=344349&newpost=5907741
Lol. He should get a job as a Walmart greeter to supplement his income, IMO.
The security guard at a call center I worked at was basically that guy. Retired mid 50s MBA with a pharmacist wife. He was just bored.
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At least the people replying know he’s rich lol
Maybe he’ll admit he’s entry-level rich if he gets to $25 million
Piping hot take incoming.
I’m not sure this guy is disputing he is rich. He’s asking if he can stop working. His problem is not that he can’t identify if he is rich or not, his problem is that he is a risk averse nit.
I only skimmed the thread and if he says otherwise somewhere, then disregard.
Flame on.
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If you set out to calculate the amount of money needed for a 100% risk free retirement then you will never have enough. You need to keep adding margins to cover living longer, investment losses, inflation risk, the risk of taxes going astronomically high, the risk that Godzilla tramples your house etc etc etc.
That’s my point exactly. And he’s not even the worst of the risk averse nits on there. I think it’s perfectly possible to have this type of mental problem and still be able to correctly identify if you are “rich” or not.
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Not sure if there are any CATV fanboys left but now would no longer be the worst imaginable time to enter.
Enough of the recs have liquidated (or got bored) for the pumpers to attempt more of their bullshit.
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I bought more.
GL. Just consider that part of the deception here is that CATV is a current business, they are not. - but that doesn’t mean you can’t ride the extortion wave.
It helps to have larger buys incentivized to sell their shares which is partly what happened. If you got thousands of small time newbs buying less <$100 before it tanks, they wont sell their shares if they’re charged $4.95 to do so for their $20 worth or w/e - so the money just sits there near worthless almost representing something that isn’t really there for other folks to light a fire under there asses to try to accentuate that nothingness.
S&P above 4k hardly even qualifies as news around these parts eh?
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I mean, I’m old enough to remember when talking about getting a pretty good return on a low fee index fund made up of bonds and stocks from unknown but presumably profitable, growing companies was a staple of this thread’s ancestor. This is the STONKS thread now.
Sir this is a casino
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If you correctly timed the market in February, 2020, right before COVID, and kept waiting to get back in because you correctly saw the carnage on the way, you’re now about 20% (close to 25% including dividends) poorer than a buy and hold investor who did nothing,
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Over the long term this is basically always true.
Why does this work? Why does the market basically, over time, go up? What’s the most basic datapoint or mechanism here? … My thinking is population growth.
Also science and technology.