Capella
Footballguy
Some people have pensions too$3k/month isn't too bad if you assume a paid off house and near Medicare/SS age, but everyone has different life styles to fund.

Some people have pensions too$3k/month isn't too bad if you assume a paid off house and near Medicare/SS age, but everyone has different life styles to fund.
Tip money for you Bezos Jr.Some people have pensions too![]()
ReportedTip money for you Bezos Jr.
Attn Mods: By Bezos Jr, I mean Cappy has a lot of investment money, not that he's an unperforming boat anchor that Elon Musk tells to hold his ####.
FYP.Not in T3k/month is a cheese and crackers kind of retirement...hailandAlabama!
@Sand, houses cost a buck three eighty five there, you'll be fine.
That's exactly why I'm moving in the next year or two! No way I'd ever be able to retire here, even if I was eating just cheese and crackers.Yeah, good luck ever retiring in Location: Marin County
I have a colleague who did it, but they were pretty loaded after a long well-paying career with their spouse. Shame it gets so expensive out there, beautiful part of the country.That's exactly why I'm moving in the next year or two! No way I'd ever be able to retire here, even if I was eating just cheese and crackers.
I’m 73Well that 3k with growth will be $6k/$12k/$36k when he retires
In all seriousness, even with no mortgage or other debt in retirement I'm looking at 20k before I even put food in my mouth. At least 14k worth of insurance, 3k property taxes, 5k utilities, etc. The 16k left doesn't go very far.No wonder you got the ban hammer for 2 months.
Especially if it's only 14k.In all seriousness, even with no mortgage or other debt in retirement I'm looking at 20k before I even put food in my mouth. At least 14k worth of insurance, 3k property taxes, 5k utilities, etc. The 16k left doesn't go very far.
Thanks for pointing out the fact I'll be working until 75.In all seriousness, even with no mortgage or other debt in retirement I'm looking at 20k before I even put food in my mouth. At least 14k worth of insurance, 3k property taxes, 5k utilities, etc. The 16k left doesn't go very far.
If anyone wants to take it a step further with bitcoin, some of the mining stocks worth keeping an eye on as they should offer leveraged returns on this bull run.
I think we have another 300% to go on btc price. Any short term pullbacks are going to do be from the dwindling number of whales exiting their positions for a profit. These coins are going to be bought by institutional investors with longer term ambitions.
Square's cash app, paypal, and grayscale alone are gobbling up bitcoin twice as fast as it's being mined. There is an imminent bitcoin supply crisis looming.
Mining stocks in the order I like them for future gains.
1. DMGGF
2. HVBTF
3. MARA
4. RIOT
5. EBON
And again, these are all going to be leveraged plays so the best time to jump in is going to be on a pullback.
I expect things to bounce around this range, but once 20k resistance is breached it's going to be off to the races.
Why so much for insurance? Are you funding life insurance policies as well?In all seriousness, even with no mortgage or other debt in retirement I'm looking at 20k before I even put food in my mouth. At least 14k worth of insurance, 3k property taxes, 5k utilities, etc. The 16k left doesn't go very far.
I think it’s just backtracking a comment that wasn’t funny since there’s a lot of real people who’d be happy with $36k a year and SS. If you think of that as a pittance, you should be happy to be fortunate but no need to denigrate folks. I feel ridiculously fortunate to have been so lucky in the market this year as I sure didn’t save a whole lot the decade+ As a single income family.What kind of Medicare supp or advantage plans costs 14k a year? Or are you all skipping Medicare and staying private?
I almost paid that amount now for one person. ** If you're looking at early retirement you have to attempt to account for that.Why so much for insurance? Are you funding life insurance policies as well?
Yeah, this is pretty much me and my wife. We've had to fight and claw just to be debt free at this point, and I'm 51 and she is 40. Life has been rough at times, especially the way I grew up. Knowing what I know now of course, I would have done better in my 20's when I first started out. But for a guy like me, I had literally no guidance from anyone as I moved from high school to college to real life.I think it’s just backtracking a comment that wasn’t funny since there’s a lot of real people who’d be happy with $36k a year and SS. If you think of that as a pittance, you should be happy to be fortunate but no need to denigrate folks. I feel ridiculously fortunate to have been so lucky in the market this year as I sure didn’t save a whole lot the decade+ As a single income family.
Great call.
Good luck. I won’t say I’ve truly struggled because I’ve been game-fully employed my entire career, but I definitely could have been smarter and spent less. I love my parents but they haven’t been the best to learn from financially. Definitely would have been nice to learn about investing early* and I plan to help my kids with that once they start earning since they are all in school still. They will be maxing their 401ks early and will know whether Roth is better or not.Yeah, this is pretty much me and my wife. We've had to fight and claw just to be debt free at this point, and I'm 51 and she is 40. Life has been rough at times, especially the way I grew up. Knowing what I know now of course, I would have done better in my 20's when I first started out. But for a guy like me, I had literally no guidance from anyone as I moved from high school to college to real life.
But we are trying to catch up fast. Now, my wife's job is in jeopardy, so the scratching and clawing may start all over again.![]()
I started to question whether I've had that phrase wrong my whole life. Like when people say "intensive purposes" lol.What's your game?
confirmedI started to question whether I've had that phrase wrong my whole life. Like when people say "intensive purposes" lol.
They're called "eggcorns"I started to question whether I've had that phrase wrong my whole life. Like when people say "intensive purposes" lol.
Pretty solid in Omaha Hi/Lo. Probably where I won the most money in friendly card nights. Wasn’t a bad fantasy football player either when I still played usually took the top prize in at least 1 of my 3 leagues each year. Just got too hard with kids.What's your game?
Probably the first time I’ve used that phrase in a couple decades and I butchered it. I should have thought about it when it suggested splitting the words but I was on a roll, Germans, Pearl Harbor and such.I started to question whether I've had that phrase wrong my whole life. Like when people say "intensive purposes" lol.
I'd consider you one of the smarter people on here so I was just gonna roll with it until he said something and I had to Google it at that point lol.Probably the first time I’ve used that phrase in a couple decades and I butchered it.
I missed a lot of these waiting on a pull back, but did get into GBTC as well. I’m curious if @hooter311 thinks there’s still room on any of these or if it’s time to take profits on GBTC and look to get back in later?Great call.
I picked up GBTC months ago on your advice (pretty certain it was you) so thanks for that one.
Is it too late to pick up some of these after this morning’s bounce?
ACA - 10k (general guesstimate)Why so much for insurance? Are you funding life insurance policies as well?
I should have bought a bit of GBTC when it went below $11 after he recommended it. I’m not a big believer in it as much as some of them are. It’s about as big a FOMO as you can get because it’s not used for anything else. It is simply digital gold right now that can’t be made into jewelry. No one is transacting in it after years of it jumping into the mainstream.I missed a lot of these waiting on a pull back, but did get into GBTC as well. I’m curious if @hooter311 thinks there’s still room on any of these or if it’s time to take profits on GBTC and look to get back in later?
Already low.ACA - 10k (general guesstimate)
House - 2.5k
Cars - 1k
Umbrella - .5k
This is assuming that, at some point, I won't be paying for kids' car insurance, which is $$. I have no life insurance other than that through work. Obviously once one is on Medicare things get a whole lot cheaper.
I closed my TQQQ position this morning. Not that I think it'll go down, just wanted to reduce some risk and take all the profits.Man, I feel bad for folks who did take their money out of the market this year. I’m getting tempted to trim some stuff but what an epic run. My only real mistake this year was selling too much. I reinvested what I sold but It would have ended up much better just using all of the cash.
I’m sure there will be a reckoning but it feels like when it happens those lows will still be above these highs.
Yeah...he just did it.I should have bought a bit of GBTC when it went below $11 after he recommended it. I’m not a big believer in it as much as some of them are. It’s about as big a FOMO as you can get because it’s not used for anything else. It is simply digital gold right now that can’t be made into jewelry. No one is transacting in it after years of it jumping into the mainstream.
I think I’ve done well enough this year that it might be worth buying a little but maybe something more like SI or the miners. I just worry about the run up on smaller volume and when people talk about it as if it’s silly to think it won’t completely replace all fiat currencies out there. I mean 99% of our daily life is digital money already so how does it really improve that outside of theoretical inflation talk?
It still takes discipline even with family advantages. My mom was very into investing which got me interested. I read both of Peter Lynch's books in high school and then my parents gave me 10 shares of MSFT for graduation in the early '90s. So I saved a lot in my 401k and IRA when I was young which has been great. But I also didn't stay disciplined and cut back as I got older and started a family. It's difficult to really max out or come close to maxing out your tax advantaged accounts all through your career. I'm impressed by people who can do that.Good luck. I won’t say I’ve truly struggled because I’ve been game-fully employed my entire career, but I definitely could have been smarter and spent less. I love my parents but they haven’t been the best to learn from financially. Definitely would have been nice to learn about investing early* and I plan to help my kids with that once they start earning since they are all in school still. They will be maxing their 401ks early and will know whether Roth is better or not.
* I remember reading an early article on Amazon when they just IPO’d. Had just moved with my soon to be wife and we were saving for a house. With the splits, probably could have bought around $2 a share. SMH, would have been nice to have spent the CV year retired, sipping drinks at my beachfront house.
How long was the ban hammer for that comment?Completely off topic but this made me remember an issue with autocorrect years ago in the shark pool. I was trying to type something about running backs (RBs) and autocorrect turned it into my thoughts on Arabs being better in PPR leagues.
I tried to talk a lot of friends out of doing this. I’ll never bring it up to them but I wonder if they think about what they missed out on.Man, I feel bad for folks who did take their money out of the market this year. I’m getting tempted to trim some stuff but what an epic run. My only real mistake this year was selling too much. I reinvested what I sold but It would have ended up much better just using all of the cash.
I’m sure there will be a reckoning but it feels like when it happens those lows will still be above these highs.
But the point is more that people THINK it can be worthwhile in a money crunch. No one, basically, really holds gold so that they can turn it into jewelry. Hell, most people holding gold don't even have the physical bars to do that if they wanted to. So the point is that gold is more an illusion of having worth in the physical sense outside of a normal market. Once you get past the illusion and realize that in real life, holding gold doesn't really mean that you are going to find someone to melt it into jewelry, it's easier to see how something digital that is not tied to the equity markets, like Cryptocurrency, could do that same thing as gold without the physical holding requirements.I should have bought a bit of GBTC when it went below $11 after he recommended it. I’m not a big believer in it as much as some of them are. It’s about as big a FOMO as you can get because it’s not used for anything else. It is simply digital gold right now that can’t be made into jewelry. No one is transacting in it after years of it jumping into the mainstream.
I think I’ve done well enough this year that it might be worth buying a little but maybe something more like SI or the miners. I just worry about the run up on smaller volume and when people talk about it as if it’s silly to think it won’t completely replace all fiat currencies out there. I mean 99% of our daily life is digital money already so how does it really improve that outside of theoretical inflation talk?
I thought the first rule of Bitcoin Club was to never shut up about bitcoin? That's what a couple of my friends who own bitcoin seem to think.Yeah...he just did it.![]()
Number one rule in the bitcoin club is not to talk about the bitcoin.
Not too late on any of them. This crypto bull run is still in it's infancy.Great call.
I picked up GBTC months ago on your advice (pretty certain it was you) so thanks for that one.
Is it too late to pick up some of these after this morning’s bounce?
I’m maxing out my blockfi.com account ($500/month) and will buy BTC every month with my extra cash. They are paying 8% interest to keep your BTC there. Ride the wave and earn 8% to boot!!Not too late on any of them. This crypto bull run is still in it's infancy.
I sold 85% of my shares at $570. I just couldn’t look at the valuation and see a great return from that price. Right now it’s just a normal stock for me compared to it being my 3rd largest holding at the time.Are people off the Zoom train?
Going off of nothing but “feeling” it seemed time to take profits months ago - I didn’t - and was in the stubborn phase of not selling.
Then read some news recently about expanded spending and presence in Singapore which sounds promising for growth.
What are folks doing here long term?
Gotcha. Yeah the ACA hurts if you are over the subsidy levels, that's what makes all the difference. Once you hit 65 a great medicare supplement and part d plan paired with part b of medicare would run about $350 a person per month without any out of pocket exposure for part d. A good medicare advantage plan would drop that to around $200 a month with about $5k per person in worst case scenario out of pocket max.ACA - 10k (general guesstimate)
House - 2.5k
Cars - 1k
Umbrella - .5k
This is assuming that, at some point, I won't be paying for kids' car insurance, which is $$. I have no life insurance other than that through work. Obviously once one is on Medicare things get a whole lot cheaper.
Great company, former client of mine. Founder is a smart dude. I’ve made money in this one too.@stbugs I'm not going to search for the post (last Thursday), but it was the one where you were breaking down valuations and comparing to SQ and said you maybe convinced yourself to buy more SQ. I added a small stake that day and am up 15%. Thanks man. Wish I had bought more but we can't own everything.
First world problems. Hang in there brother.This recent crypto bull run has put me at 90% gains in the last 9 months. I’ll probably never see anything like it again. Wit that and my business having a record year it all feels make believe. Weirdest part, I haven’t spent a cent above what I would normally spend this year and have actually spent less. Went shopping for a Porsche and haven’t bought anything because of low inventory...bizarre times.
current holdings
DKNG
SI
BTC
IPOB
50% cash
Do you have a referral link?I’m maxing out my blockfi.com account ($500/month) and will buy BTC every month with my extra cash. They are paying 8% interest to keep your BTC there. Ride the wave and earn 8% to boot!!