What Are You Doing Right Now
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@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
but a good portfolio has both vehicles
Absolutely not. That's the kind of stuff they tell the poor to keep them poor.
OK
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@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
Yeah. My stocks have taken a beating the last two or three weeks.
And? We don't measure portfolios in weeks.
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@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
Yeah. My stocks have taken a beating the last two or three weeks.
And? We don't measure portfolios in weeks.
Do you measure them by the inch or hour?
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@DustinB3403 said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
Yeah. My stocks have taken a beating the last two or three weeks.
And? We don't measure portfolios in weeks.
Do you measure them by the inch or hour?
if he's any good he's checking every 5 seconds
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@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
but a good portfolio has both vehicles
Absolutely not. That's the kind of stuff they tell the poor to keep them poor.
OK
Bonds are the riskiest thing you can do. You don't get a safer portfolio by throwing money away. That's on par with saying that a good portfolio includes stuffing cash in a mattress. "Diversification" is one of those blind kinds of hype that they use to justify things that logically make no sense.
It's like saying "Don't keep all of your eggs in one basket." It is the kind of thing that people repeat so much that they have no idea what it means, so you can say it about anything and people just assume that what you are saying makes sense.
When in reality, bonds are a super risky investment meant only for the ultra-rich to do specific "against the market" bets. Normal investors have no reason to add so much risk.
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@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
Yeah. My stocks have taken a beating the last two or three weeks.
And? We don't measure portfolios in weeks.
It depends on what you are measuring for. Generally speaking, I like keeping an eye on it. (It helps my day go by faster, on days like today, lol).
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@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
Yeah. My stocks have taken a beating the last two or three weeks.
And? We don't measure portfolios in weeks.
It depends on what you are measuring for. Generally speaking, I like keeping an eye on it. (It helps my day go by faster, on days like today, lol).
Yes, watching it is fine, if you are emotionally disconnected. The problem is, normal people are not. It's a huge skill to be able to view a portfolio going up and down and remain totally emotionless.
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@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
but a good portfolio has both vehicles
Absolutely not. That's the kind of stuff they tell the poor to keep them poor.
OK
Bonds are the riskiest thing you can do. You don't get a safer portfolio by throwing money away. That's on par with saying that a good portfolio includes stuffing cash in a mattress. "Diversification" is one of those blind kinds of hype that they use to justify things that logically make no sense.
It's like saying "Don't keep all of your eggs in one basket." It is the kind of thing that people repeat so much that they have no idea what it means, so you can say it about anything and people just assume that what you are saying makes sense.
When in reality, bonds are a super risky investment meant only for the ultra-rich to do specific "against the market" bets. Normal investors have no reason to add so much risk.
fair enough.
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@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
but a good portfolio has both vehicles
Absolutely not. That's the kind of stuff they tell the poor to keep them poor.
OK
Bonds are the riskiest thing you can do. You don't get a safer portfolio by throwing money away. That's on par with saying that a good portfolio includes stuffing cash in a mattress. "Diversification" is one of those blind kinds of hype that they use to justify things that logically make no sense.
It's like saying "Don't keep all of your eggs in one basket." It is the kind of thing that people repeat so much that they have no idea what it means, so you can say it about anything and people just assume that what you are saying makes sense.
When in reality, bonds are a super risky investment meant only for the ultra-rich to do specific "against the market" bets. Normal investors have no reason to add so much risk.
I had a WF advisor for 5 years every time say to avoid the bonds. Turns out he was always right.
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@Obsolesce said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
but a good portfolio has both vehicles
Absolutely not. That's the kind of stuff they tell the poor to keep them poor.
OK
Bonds are the riskiest thing you can do. You don't get a safer portfolio by throwing money away. That's on par with saying that a good portfolio includes stuffing cash in a mattress. "Diversification" is one of those blind kinds of hype that they use to justify things that logically make no sense.
It's like saying "Don't keep all of your eggs in one basket." It is the kind of thing that people repeat so much that they have no idea what it means, so you can say it about anything and people just assume that what you are saying makes sense.
When in reality, bonds are a super risky investment meant only for the ultra-rich to do specific "against the market" bets. Normal investors have no reason to add so much risk.
I had a WF advisor for 5 years every time say to avoid the bonds. Turns out he was always right.
It's one of the first things that they teach when you study investing. Sure, there are super specific times that a really progressive investor can use them wisely, everything has its place (including stuffing cash in a mattress), but you can't do it casually or for "diversification". it's always "insider market knowledge with a tremendous amount of savvy" needed to make it pay off.
Even investors knowing only generally about the 1929 crash would have lost had they used bonds instead of stocks.
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@scottalanmiller said in What Are You Doing Right Now:
@Obsolesce said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
but a good portfolio has both vehicles
Absolutely not. That's the kind of stuff they tell the poor to keep them poor.
OK
Bonds are the riskiest thing you can do. You don't get a safer portfolio by throwing money away. That's on par with saying that a good portfolio includes stuffing cash in a mattress. "Diversification" is one of those blind kinds of hype that they use to justify things that logically make no sense.
It's like saying "Don't keep all of your eggs in one basket." It is the kind of thing that people repeat so much that they have no idea what it means, so you can say it about anything and people just assume that what you are saying makes sense.
When in reality, bonds are a super risky investment meant only for the ultra-rich to do specific "against the market" bets. Normal investors have no reason to add so much risk.
I had a WF advisor for 5 years every time say to avoid the bonds. Turns out he was always right.
It's one of the first things that they teach when you study investing. Sure, there are super specific times that a really progressive investor can use them wisely, everything has its place (including stuffing cash in a mattress), but you can't do it casually or for "diversification". it's always "insider market knowledge with a tremendous amount of savvy" needed to make it pay off.
Even investors knowing only generally about the 1929 crash would have lost had they used bonds instead of stocks.
Stuffing cash in a mattress always has its place. It's the ultimate tax shelter.
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@RojoLoco said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@Obsolesce said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
but a good portfolio has both vehicles
Absolutely not. That's the kind of stuff they tell the poor to keep them poor.
OK
Bonds are the riskiest thing you can do. You don't get a safer portfolio by throwing money away. That's on par with saying that a good portfolio includes stuffing cash in a mattress. "Diversification" is one of those blind kinds of hype that they use to justify things that logically make no sense.
It's like saying "Don't keep all of your eggs in one basket." It is the kind of thing that people repeat so much that they have no idea what it means, so you can say it about anything and people just assume that what you are saying makes sense.
When in reality, bonds are a super risky investment meant only for the ultra-rich to do specific "against the market" bets. Normal investors have no reason to add so much risk.
I had a WF advisor for 5 years every time say to avoid the bonds. Turns out he was always right.
It's one of the first things that they teach when you study investing. Sure, there are super specific times that a really progressive investor can use them wisely, everything has its place (including stuffing cash in a mattress), but you can't do it casually or for "diversification". it's always "insider market knowledge with a tremendous amount of savvy" needed to make it pay off.
Even investors knowing only generally about the 1929 crash would have lost had they used bonds instead of stocks.
Stuffing cash in a mattress always has its place. It's the ultimate tax shelter.
It's the losses vs inflation that protects you from taxes, not the mattress. LOL. The taxes hit you when you get the cash in the first place.
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If you really want a tax shelter, move to a "Territorial Tax regime" country like Nicaragua or Uruguay with zero taxes on foreign earned income!
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@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
Yeah. My stocks have taken a beating the last two or three weeks.
And? We don't measure portfolios in weeks.
It depends on what you are measuring for. Generally speaking, I like keeping an eye on it. (It helps my day go by faster, on days like today, lol).
Yes, watching it is fine, if you are emotionally disconnected. The problem is, normal people are not. It's a huge skill to be able to view a portfolio going up and down and remain totally emotionless.
Precisely. My trading right now is focused on the dividends anyway. As long as the dividends don't get cut, I'm in good shape.
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@scottalanmiller said in What Are You Doing Right Now:
@RojoLoco said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@Obsolesce said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
but a good portfolio has both vehicles
Absolutely not. That's the kind of stuff they tell the poor to keep them poor.
OK
Bonds are the riskiest thing you can do. You don't get a safer portfolio by throwing money away. That's on par with saying that a good portfolio includes stuffing cash in a mattress. "Diversification" is one of those blind kinds of hype that they use to justify things that logically make no sense.
It's like saying "Don't keep all of your eggs in one basket." It is the kind of thing that people repeat so much that they have no idea what it means, so you can say it about anything and people just assume that what you are saying makes sense.
When in reality, bonds are a super risky investment meant only for the ultra-rich to do specific "against the market" bets. Normal investors have no reason to add so much risk.
I had a WF advisor for 5 years every time say to avoid the bonds. Turns out he was always right.
It's one of the first things that they teach when you study investing. Sure, there are super specific times that a really progressive investor can use them wisely, everything has its place (including stuffing cash in a mattress), but you can't do it casually or for "diversification". it's always "insider market knowledge with a tremendous amount of savvy" needed to make it pay off.
Even investors knowing only generally about the 1929 crash would have lost had they used bonds instead of stocks.
Stuffing cash in a mattress always has its place. It's the ultimate tax shelter.
It's the losses vs inflation that protects you from taxes, not the mattress. LOL. The taxes hit you when you get the cash in the first place.
Not always, depends on where you got the cash. Keep it out of banks and off the record = tax free.
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@scottalanmiller said in What Are You Doing Right Now:
If you really want a tax shelter, move to a "Territorial Tax regime" country like Nicaragua or Uruguay with zero taxes on foreign earned income!
so you're saying get an offshore bank account and stash cash ?
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@RojoLoco said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@RojoLoco said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@Obsolesce said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
@dafyre said in What Are You Doing Right Now:
@MattSpeller said in What Are You Doing Right Now:
Just saw the 3mth and 10yr bond prices inverted in the USA
You dabble in the stock market?
That would be the bond market
Yeah, that too.
I've always associated the two as being similar.
Insofar as they are both investing. But beyond that, they are unrelated investment vehicles.
but a good portfolio has both vehicles
Absolutely not. That's the kind of stuff they tell the poor to keep them poor.
OK
Bonds are the riskiest thing you can do. You don't get a safer portfolio by throwing money away. That's on par with saying that a good portfolio includes stuffing cash in a mattress. "Diversification" is one of those blind kinds of hype that they use to justify things that logically make no sense.
It's like saying "Don't keep all of your eggs in one basket." It is the kind of thing that people repeat so much that they have no idea what it means, so you can say it about anything and people just assume that what you are saying makes sense.
When in reality, bonds are a super risky investment meant only for the ultra-rich to do specific "against the market" bets. Normal investors have no reason to add so much risk.
I had a WF advisor for 5 years every time say to avoid the bonds. Turns out he was always right.
It's one of the first things that they teach when you study investing. Sure, there are super specific times that a really progressive investor can use them wisely, everything has its place (including stuffing cash in a mattress), but you can't do it casually or for "diversification". it's always "insider market knowledge with a tremendous amount of savvy" needed to make it pay off.
Even investors knowing only generally about the 1929 crash would have lost had they used bonds instead of stocks.
Stuffing cash in a mattress always has its place. It's the ultimate tax shelter.
It's the losses vs inflation that protects you from taxes, not the mattress. LOL. The taxes hit you when you get the cash in the first place.
Not always, depends on where you got the cash. Keep it out of banks and off the record = tax free.
Yeah, but it's already tax free. You don't need the mattress for that. You get taxes at the "getting it out" step.
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@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
If you really want a tax shelter, move to a "Territorial Tax regime" country like Nicaragua or Uruguay with zero taxes on foreign earned income!
so you're saying get an offshore bank account and stash cash ?
Or launder it through Deutsch Bank like the president.
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@WrCombs said in What Are You Doing Right Now:
@scottalanmiller said in What Are You Doing Right Now:
If you really want a tax shelter, move to a "Territorial Tax regime" country like Nicaragua or Uruguay with zero taxes on foreign earned income!
so you're saying get an offshore bank account and stash cash ?
No, that actually doesn't help. The account being offshore doesn't affect your taxation. It might be a step in a tax shelter, but isn't one itself.
Moving to a non-tax country means there are no taxes. The ultimate tax shelter is eliminating the taxes.
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