Random conversations
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@goosehd said in Random conversations:
@Chap I wonder about that sometimes...
We are conservative as well, but on occasion I see something that sparks my interest, then I remember my father-in-laws advice that there is no such thing as easy money (especially fast easy money). Also, never gamble more than you're willing to lose...he wasn't a gambler
I still miss him and his advice.
That’s all you need to know about investing… time in the market beats timing the market is my way, I don’t have to jump on the hypes
God has blessed you richly, so get down on your knees and thank him. Don’t forget the less fortunate or God will personally kick your ass. I’d love to do it for him, but I can’t be everywhere. Willie Nelson
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@Giles said in Random conversations:
Not interested in the slightest, when it comes to investing I have the opposite of the Midas Touch.....
I have to… because I want to retire
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Advice for anyone reading this: G and I were chatting one day about investments and when comparing notes, I realized we had a hole in our investment strategy. We had a rainy day fund of cash that wasn't doing anything. It was there for when/if we needed it...the question then is when and how fast do you need it.
We started putting the rainy day fund into short term GIC's that come to term in 1 year increments and invested them in quarters, so that every 3 months something is coming due and we can either reinvest or take it out for the rainy day...
That conversation is not making huge amounts of money, but it is making money. Thank you @Giles as it was a brilliant conversation.
“our policy of no discussions regarding politics, religion, asparagus, and other controversial issues.” - Andrew
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@goosehd said in Random conversations:
Thank you @Giles as it was a brilliant conversation.
An accident like all my brilliant conversations....
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I'm jumping in. The only question is when. A lot of hyped IPOs boom pretty hard right away. If I do enter on day 1, I'll be planning a long term hold. Otherwise, I'll be a week or two out, but then I'd likely FOMO buy after a day or two anyways.
Elon's ideas about space-based data centers make all the sense to me. No cooling needs. Zero water usage. The ultimate location for max-efficient solar energy AND without covering nature with panels!
I like the new plan for his chip factory. Chips are obviously a massive need globally, and currently a huge expense. Him making chips internally will increase profit and speed up progress.
The current SpaceX business plan is also working well. SpaceX is getting payload to orbit for a fraction of the cost that NASA was, which is why NASA are hiring it out now instead of doing it themselves. Saving the tax payers money!
I believe the concept behind Starlink is the future of global data. The current deep-sea cables running the global data connections seem like such an outdated idea by comparison.
I also just like Elon. Without Tesla, car companies wouldn't be offering EVs right now. I like that he has turned on Starlink for free in war zones to keep the citizens informed and connected. I appreciate what he did buying Twitter and uncovering the government collusion. I like that he's maintained control of his companies so they didn't get gutted by hedge funds who only wanted more profit.
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I'm not educated enough to chime in here, but you're all making good points... I only really know about Starlink from a friend that lives in the US and had terrible internet until he got it, I also agree it's pretty cool he was helping people in war-torn countries with having access to internet and information... I don't really have an opinion on Elon, but maybe that's because I don't use twitter and I try to avoid US politics for my sanity
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@Jord Wise man
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I have held my nose and held onto Tesla stock for a long time because it’s made us a ton. If Tesla gets absorbed by SpaceX it will probably be a happy accident for my portfolio but Musk is never getting another cent of new investment from me. I will continue to appreciate starlink from afar, for now.
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@Chap said in Random conversations:
time in the market beats timing the market
All it takes is a few dead astronauts and you’re broke.
