Investing General Discussion

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scientia potentia est
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Furry said:
I somewhat disagree with this. No matter what my financial situation at 45, I'm going to be eyeing a 10 year retirement to pursue stuff I enjoy while still healthy enough to enjoy it. I'm more willing to work a side job at 60 than I am to be stuck with a job during my midlife crisis.
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I respect that. I'm about that age and I'm basically coasting now. I don't need to invest any more to be solid for life. I'm working enough to not get in trouble but not killing it anymore.

Dunno when I'll be ready to pull the trigger and just stop working, but we'll see.
 
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Flobee

Flobee

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Gravel said:
I swear I've posted that one before.

I like it because people significantly over-estimate the probability they go broke, while ignoring how much more likely they are to end up dead first. It's a good reality check for people who could retire already that maybe they don't have as many years as they think.

Everyone always talks about working too few years, but no one does about too many.
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Ran across this today. I was big on FIRE a couple years ago and as I recall they do address this kind of stuff, but found it interesting and relevant.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Obligatory it's Zerohedge, bear porn, etc etc
 
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scientia potentia est
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Sanrith Descartes said:
I was sort of in the cruise to retirement mode a few years ago and then an opportunity came up that has been hella interesting. My partner and I moved into another industry and have been doing some acquisitions. I am still doing management but new industry, new companies, new challenges has sort of reinvigorated me.
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It's not so much that my work isn't interesting it's more of a why should I bother. If I don't need the money, and I don't, then why? Why not sleep in. I could still do anything that seems fun to me, but work probably won't be that.
 
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Sanrith Descartes

Sanrith Descartes

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There is a bright side to today's action...

Fuck Jack.

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Sanrith Descartes

Sanrith Descartes

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MA, V, PYPL, SQ etc getting ansolutely donkey punched today. Did Biden announce us moving to the Gold standard and I miss it?
 
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Flobee

Flobee

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Sanrith Descartes said:
Something is up. Keep your powder close at hand...

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INB4 "cyber pandemic"

  • We should prepare for a COVID-like global cyber pandemic that will spread faster and further than a biological virus, with an equal or greater economic impact.
sociable.co

A Taste of What a Cyber Pandemic Could Look Like? Big Tech, Bank & Airline Websites Go Down

Today's internet outage comes almost two weeks after the World Economic Forum and partners held their annual cyber pandemic preparedness exercise.
sociable.co sociable.co

Not even two weeks pass since the Cyber Polygon cyber pandemic preparedness exercise concludes, and websites belonging to big tech, banks, media, airlines and more briefly go down.

unlimitedhangout.com

From “Event 201” to “Cyber Polygon”: The WEF’s Simulation of a Coming “Cyber Pandemic”

Last year, the World Economic Forum teamed up with the Russian government and global banks to run a high-profile cyberattack simulation that targeted the financial industry, an actual event that would pave the way for a “reset” of the global economy.
unlimitedhangout.com unlimitedhangout.com
Last year, the World Economic Forum teamed up with the Russian government and global banks to run a high-profile cyberattack simulation that targeted the financial industry, an actual event that would pave the way for a “reset” of the global economy.

 
Big Phoenix

Big Phoenix

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Quick run to the store and buy all the 25lb bags of rice!
Furry said:
That's quite the hot take. Aren't presidents usually... Optimistic about the markets?
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Bankers closed their long positions Friday, now theyre all in short positions.
 
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