Re: Money Money :-)

From	Physfitfreak <physfitfreak@gmail.com>
Newsgroups	sci.physics, comp.os.linux.advocacy, sci.physics.relativity
Subject	Re: Money Money :-)
Date	2025-02-28 00:31 -0600
Organization	Modern Human
Message-ID	<vprl7c$rqd9$1@solani.org> (permalink)
References	(5 earlier) <vpnmot$2kkt6$5@dont-email.me> <vpnslv$2nc6h$1@dont-email.me> <vpo112$2o00o$1@dont-email.me> <vporq6$qbnp$1@solani.org> <vpr4gj$37b1b$5@dont-email.me>

Cross-posted to 3 groups.

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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.
> 
> 
>> 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 95% of life into "money for a better life later", and get to 
>> enjoy 5% of it the way they want, and some live 95% of life the way 
>> they want, and ruin only 5% of it for money matters.
>>
>> Another angle. Do other life forms need money? What is the "net worth" 
>> of a mosquito buzzing around? You can't escape the fact that life for 
>> a mosquito is every bit the same thing as life for a human.
>>
>> Now "buzz" away as I've got to feed the cats, watch a nice pirated 
>> movie, and hit the sack :)
> 
> No worries - the varmints have been fed here too, obligations have been 
> met for the day, and its too late to start a movie...
> 
> -hh
> 



Nymshifter? I've never been nymshifter in my life. When I change alias, 
it is because I really have changed. So depending on what my main type 
of activity has been, every few years my alias also changed accordingly. 
And I've never had more than one alias at the same time.

You're underestimating what an individual can do by himself in the world 
of stocks and cryptos. Also, you have a ton of money in your mind when 
you think and speak of it, large enough to make you really concerned. So 
I understand why you leave it to experts to handle such sums.

My world of trading is a microcosm of what experts are doing. It is a 
baby game compared to those who play with hundreds of thousands of 
dollars and higher.

Also, presence of experts in the field, or volume of their activities 
doesn't mean that they are necessarily competing with you. They can't 
play god, they can't control you down to your baby game if you know what 
you're doing. There are ample opportunities for an individual to make a 
few extra thousand dollars a year without even be felt by the big guys. 
This isn't about suddenly making a ton of money, which can happen but 
one cannot rely on such strategies. It is about steadily making a little 
sum of money for "silly" expenses as I described. Especially during 
retirement.

Try it if you like. Make a Robinhood account and put, say, $5k in it and 
try to turn it into $10k in one year. You'll have a lot of fun ahead of 
you :)

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          Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-02-26 13:33 -0500
            Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-02-26 14:13 -0600
              Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-02-26 16:28 -0500
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-02-26 23:05 -0600
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-02-27 20:45 -0500
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-02-28 00:31 -0600
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-02-28 05:55 -0500
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-02-28 12:01 -0600
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-02-28 14:44 -0500
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-02-28 17:51 -0600
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-01 07:31 -0500
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-01 11:33 -0600
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-01 15:18 -0500
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-01 15:24 -0600
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-01 18:29 -0500
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-01 18:28 -0600
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-02 13:34 -0600
      Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-02-27 16:07 -0600
      Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-02-27 16:30 -0600
  Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-02 18:27 -0600
    Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-02 19:02 -0600
      Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-03 11:27 -0500
      Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-03 12:24 -0600
        Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-04 00:20 -0600
          Re: Money Money :-) Mild Shock <janburse@fastmail.fm> - 2025-03-04 08:34 +0100
            Re: Money Money :-) Mild Shock <janburse@fastmail.fm> - 2025-03-04 08:37 +0100
          Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-04 18:21 -0600
  Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-05 20:42 -0600
    Re: Money Money :-) The Starmaker <starmaker@ix.netcom.com> - 2025-03-05 19:57 -0800
      Re: Money Money :-) vallor <vallor@cultnix.org> - 2025-03-06 04:58 +0000
      Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-06 09:41 -0600
        Re: Money Money :-) The Starmaker <starmaker@ix.netcom.com> - 2025-03-06 13:44 -0800
          Re: Money Money :-) "Chris M. Thomasson" <chris.m.thomasson.1@gmail.com> - 2025-03-06 14:41 -0800
          Re: Money Money :-) Joel <joelcrump@gmail.com> - 2025-03-07 09:33 -0500
    Re: Money Money :-) bertietaylor@myyahoo.com (bertietaylor) - 2025-03-06 03:57 +0000
  Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-06 15:51 -0600
    Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-10 14:34 +0000
      Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-10 13:38 -0500
        Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-11 10:18 -0400
          Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-11 10:56 -0500
            Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-11 17:14 -0400
              Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-11 17:12 -0500
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-12 20:23 -0400
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-12 23:49 -0500
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-13 19:06 -0400
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-13 20:28 -0500
                Re: Money Money :-) % <pursent100@gmail.com> - 2025-03-13 18:34 -0700
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-14 09:57 -0400
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-14 13:34 -0500
                Re: Money Money :-) % <pursent100@gmail.com> - 2025-03-14 11:52 -0700
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-14 20:42 -0400
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-14 20:11 -0500
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-15 07:37 -0400
                Re: Money Money :-) vallor <vallor@cultnix.org> - 2025-03-15 11:59 +0000
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-15 14:57 -0500
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-15 23:31 -0400
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-15 22:56 -0500
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-16 11:17 -0400
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-16 12:28 -0500
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-16 16:08 -0400
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-16 17:25 -0500
                Re: Money Money :-) % <pursent100@gmail.com> - 2025-03-16 15:26 -0700
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-16 17:45 -0500
                Re: Money Money :-) % <pursent100@gmail.com> - 2025-03-16 16:17 -0700
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-16 22:21 -0400
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-17 12:04 -0500
        Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-11 11:03 -0500
        Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-17 12:49 -0500
          Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-17 13:16 -0500
            Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-19 14:08 -0500
              Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-21 14:21 -0500
                yeah, only in your dreams [dead cat bounce] (Was: Money Money :-) ) Mild Shock <janburse@fastmail.fm> - 2025-03-21 20:35 +0100
                USA is deeply wrecked (Was: yeah, only in your dreams [dead cat bounce]) Mild Shock <janburse@fastmail.fm> - 2025-03-21 20:46 +0100
                Re: USA is deeply wrecked (Was: yeah, only in your dreams [dead cat bounce]) Physfitfreak <physfitfreak@gmail.com> - 2025-03-21 19:00 -0500
                Re: USA is deeply wrecked bertietaylor@myyahoo.com (Bertitaylor) - 2025-03-22 04:50 +0000
                Re: USA is deeply wrecked Physfitfreak <physfitfreak@gmail.com> - 2025-03-22 11:35 -0500
                Re: Money Money :-) -hh <recscuba_google@huntzinger.com> - 2025-03-21 19:40 -0400
                Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-21 18:46 -0500
          Re: Money Money :-) Physfitfreak <physfitfreak@gmail.com> - 2025-03-17 22:49 -0500

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