XPost: comp.os.linux.advocacy, sci.physics.relativity
From: recscuba_google@huntzinger.com

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.


> Don't forget that anybody's net worth is zero. Life's always fast
> heading that way. But some aren't aware of this and some are. Some ruin

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