_Robert_

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  • #28974

    _Robert_
    Participant

    except for the two women in outer space who remained calm when contacted by an alien.

    I can cut President Rump some slack on this. I mean its not like it was the first time three women did a spacewalk. To move ahead we have to actually start not caring about gender at all.

    #28971

    _Robert_
    Participant

    Davis, that is the best description of ‘love’ I have yet to come across. For me love was a drug until I matured and it became truly empathic. When I look back all I can say is “what the fuck was I thinking?”

     

    #28948

    _Robert_
    Participant

    The things said that offend you may be nothing compared to the things that are said that you don’t know about, LOL. I gave up trying to be liked or even respected and was fine with just trying to be fair and high performming. The dreaded days when you have to fire or let people go in a layoff or the demotion of employees who aren’t getting it done. I will not miss that. The economy has been good. When it turns bad it is hell on managers.

    #28947

    _Robert_
    Participant

    You don’t think romantic love can also encompass true friendship, especially after years and years?

    #28937

    _Robert_
    Participant

    @Jodi Lee

    I know how hard it is to be a manger. You can’t win most of the time. Do you feel like you are caught between two different worlds? That’s how I felt most of the time. This grinding machine just looking at results and charts on one side…and the other side you have real people with bad backs, sick kids, anxiety issues, mean streaks, jealousies, ad nauseam. The team is unhappy, the boss is unhappy and well it’s just another day.

    #28935

    _Robert_
    Participant

    A little story…

    As a manger of highly intelligent engineers …I was walking the hallways and I would peek into the offices of the people on my team. I noticed an older engineer looking a bit like he had just had a good cry. I went in his office and asked if something was wrong. He said he felt useless because his specialty was becoming less and less important and he felt like he was not earning his paycheck. That he was not involved in any new product development. I told him to hang on. I came back with the sales and profit data for the products he was cognizant over. The numbers were HUGE !!! That was my failure as a boss to let him know how important he was.

     

    #28934

    _Robert_
    Participant

    Oh it bothers many of the older folks (men and women) terribly. As young leader in my company I understood this sentiment and made certain I treated the older but very valuable employees (many were simply “Passed over” for political reasons) with dignity. I have seen many bosses do the opposite and make these experienced folks miserable. And those managers were the ones who ended up being phucked in the end.

    #28921

    _Robert_
    Participant

    I like that alpha males are not automatically bullies, Pope B. At least in Chimp world. You think we can get Erdogan to watch that video?

    #28920

    _Robert_
    Participant

    I am financial independent and I retired 7 years early because a small portion of my monthly paycheck was automatically invested into index funds on the bet that a typical company will make money for their owners (me). My coworkers who did not do the same are kicking themselves and will have to work till they drop dead, taking orders from a 30-something manager.

    #28917

    _Robert_
    Participant

    And you fail to see the risk of not responsibly investing in the market. The market is simply an expression of the future viability of our public corporations to make a profit. Did the 9/11 attack kill corporate America? Hell no. Even if it takes years for the stock/ bond “values” to recover, you are buying shares at bargain basement prices during a recession. For long term investors; the market is a hedge as the economy resets and rebalances. The general public does not understand this. It is well understood and used by the financial ass clowns who try their best to cause crashes. As soon as the values rebound-BOOM: you are in the big money. The market is a short term risky way to loose money if you choose to use it incorrectly. Since I came from a military family with very little money, I elected to listen and learn from mentors who were on track to become financially independent and retire early. Very glad I did 😉

    PS: If Sanders or Warren win the election, the market will crash and then recover as companies figure out new ways to skirt the high taxes. And nothing scares Wall street moguls more than a wealth tax. This will be SO very interesting, I can hardly wait.

    #28915

    _Robert_
    Participant

    People never learn.

    Exactly. That’s why so many live paycheck to paycheck. The don’t even know that their pensions, bank accounts, mortgages, insurance policies and employers are all invested the stock and bond markets anyway….otherwise inflation would erode those funds.

    You can always get out for the really big dips just by paying attention, I figure we are headed for a recession or at least a slowdown in 2020. Lots of mixed indicators and bleak talk if you listen in, Germany is already there. The latest number I heard was a 40% chance of a US recession. With a couple of mouse clicks I transferred into brokered CDs that yield a fixed 3.25% return. Not as good as the 10% I was getting year after year from the index ETFs. After the smoke clears (impeachment, elections, trade wars, bad farm weather) and companies once again feel confident and things are stabilized-I will be all in again.

    It is human nature to obsess on relatively meaningless daily challenges like video games , Facebook likes, football scores and cell phone apps and just blow off their own big financial picture for the gods to manage.

    #28912

    _Robert_
    Participant

    It is a good strategy for people with decades of working life ahead of them. The matching of your 401k contributions and the compounding effect of reinvestment, plus the deferred tax benefit is hard to argue against. Unless you are expecting doomsday in your lifetime. In that case you should also be buying silver, ammo, and survival food. Call it plan B.  Plenty of mega billionaires have precious metals in steel vaults. I also invested in real estate when the market bottomed out, paid off the loans as soon as I could and now have rentals that bring income.

    The main point of that online community is to have a diversified plan and stay as debt free as possible, and shun wanton consumerism. The young folks in my family have no plan. They buy new crap they can’t give away a week later.  They just go to work and barely pay their bills. I am trying to get them to at least have a financial plan.

    PS, Starbucks

    I once asked a junior coworker to track her Starbuck expenditures. It was $180 a month. It was more than her car payment. She buys premium beans, grinds and brews at the office now. Everybody loved that glorious aroma.

     

    #28909

    _Robert_
    Participant

    IT IS GAMBLING.

    Jake I agree totally. Getting in you car in the morning is gambling too. NOT investing in index funds is gambling too. You are betting against the wealthy.

    Look at these numbers for Americans (boomers are such geniuses) nearing retirement age:

    Age         Tot NW       W/O home equity
    55 – 64:   $164,498    $66,547
    src: https://wallethacks.com/average-net-worth-by-age-americans/

    66 grand has like no earning power. This is not good. How many Walmart greeters do we need? Europeans/Canadians have a safety net. We do not. I’d rather bet that clever folks will eventually overcome all the political bullshit. There should be some sort of green revolution bubble soon. That could be a windfall. Pun intended.

     

    #28906

    _Robert_
    Participant

    An index in the opposite of picking stocks. I invested in total market funds. Crashes and sellouts are merely interruptions to a lifetime investor. Slowly over the decades I became a “millionaire plus” just on my 401k stock plan alone. Takes patience and you have to keep investing even when the value is dropping. This is a big part of why the rich get richer, they are heavily invested. This chart is adjusted for inflation so you are looking at real gains over time with the many disturbances that chase the short term investor. Look at that slope ! Now that I am an old guy I am almost out of the market. Every 100 dollars I invested in 1990 became 1,000 1990 dollars today. If I was young again I would be stashing 20% of my income in a low fee Vanguard Total Index like VTI.

    https://www.marketwatch.com/story/the-dows-tumultuous-120-year-history-in-one-chart-2017-03-23

    #28886

    _Robert_
    Participant

    Yeah she is and your lil green-eyed lady is cute too !

    Our cat is kinda ugly. just doesn’t fit in with the pride..

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