Random conversations
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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.
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Shit, having Apple stock makes me feel dirty these days ... fuck if I want anything to do with Tesla/SpaceX. I guess Elon's raid of my retirement has been delayed though ...
https://www.reuters.com/business/finance/sp-global-keeps-fast-entry-proposal-unchanged-spacex-listing-looms-2026-06-04/ -
@Brian Iron Heart to the moon
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@goosehd said in Random conversations:
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.
Sorry for my ignorance, but what is a GIC?
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@Cymro taken from the internet:
A Guaranteed Investment Certificate (GIC) is a secure, low-risk Canadian investment that guarantees both your initial principal and a set rate of interest over a specific term. It is a highly popular choice for parking money safely, as it is often protected by deposit insurance.
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@goosehd thank you.
