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Synaesthesia

Joined: 07/25/2008 Posts: 5017
Likes: 1729


Frankly, neither am I. Regular people only get rich through time or luck.


Not connected enough for totally-not-insider trading, not skilled enough to find something that the quants haven't. And believe me, there's geniuses, real dyed-in-the-wool 0.001% of the population geniuses from math, physics, engineering, etc. developing models for financial firms to look for the same thing. You're trying to beat all of them too, not just Gordon Gekko.

Like with a lot of things in finance and economics, all the interesting stuff happens at the margin. If you're living well below your means, i.e. months of living expenses in cash, you're maxing 401(k), IRA, HSA (if you have it), 529 for your kids if you have them, and not carrying a huge mountain of various debt, you'll be OK. But if you're right at the edge, like people who bought a house they could afford on 2 incomes but not 1. It's the difference between a 2008-style drawdown being a kick in the balls or a knife wound in the gut.

(In response to this post by MP4VT2004)

Posted: 01/17/2018 at 09:39AM



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Current Thread:
 
  
Ok Lounge, time for you to be my financial advisor... -- MP4VT2004 01/16/2018 8:45PM
  30+ years to retirement? 100% stocks ** -- 133743Hokie 01/17/2018 09:09AM
  Depends on the stocks, and the bonds. -- 133743Hokie 01/17/2018 5:51PM
  110% if you can ** -- No1Hokie 01/17/2018 10:33AM
  This has been my strategy for years -- MrBayAreaHokie 01/17/2018 12:58AM
  Long post for why you should relax and not worry about it -- Synaesthesia 01/16/2018 11:55PM
  Volume is key ** -- HokieDan95 01/17/2018 09:00AM
  CryptoCurrencies seem stable at this moment -- bigbadbird 01/16/2018 9:37PM
  Done. All in on ethereum now. -- MP4VT2004 01/16/2018 9:41PM
  ...Blue Horseshoe loves Anacott Steel ** -- chumley 01/16/2018 9:33PM

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