Bogleheads.org

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I've often seen answers include the recommendation "When you've won the game,stop playing." What does this mean in practice? That advice is usually meant that you should de-risk. ie. If, for example, you are 60 years old and have 25x of your expenses already saved for retirement and have ...

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Since you've asked, my humble opinion is that you sit with your spouse and hash out what your priorities in life are. There is no advice that can be given on this board that can really help you in your situation. To me, it simply appears that you and your spouse have different comfort levels on how ...

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For me it was deciding to buy 21 bitcoin back when it was ~$640 each.

It's just that my worst decision undid it all.... I decided to sell off all my bitcoin when it fell to ~$480 each.

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... But yes, if I were him, I'd make sure I could gain some semblance of anonymity right now. With 6 million /wsb subscribers the chances that one (or more like dozens) of them feel like DFV somehow owes them something, or scammed them or abandonned/betrayed them approaches certainty. Here come the...

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The vast majority of my assets are at vanguard. I also work with other brokerages though.

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I agree. However it isn't something I would ever act on. The frothiness could end tomorrow, or it could continue for years.

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I don't think afan is in the minority, nor the one who is deliberately misreading here. You're free to explain to me why you think that "your job isn't physically chipping away at your lifespan" has any meaningful relevance to the substance of the claim that employment and involuntary con...

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[ Think of an extreme example of this to see the point being made, if someone were to force you into solitary confinement for 5 years in a jail cell, would you then come out and say "I was alive those 5 years, I didn't lose anything at all", or would you be more likely to say "I just...

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.... But the big advantages remain: the longer you work, the later you begin to draw on those savings. The shorter your retirement, the shorter the time your savings need to last. And the less time you have left to enjoy those savings. What dollar price does one put on a year of one's life? Not fol...

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Keynes famously predicted we could be working 15 hour work weeks. I think we are seeing a variation of that. Instead of working 15 hour work weeks for 45 years careers, people are instead working 40+ hour work weeks for 30 year careers. Setting that aside, Keynes could have been right if more peopl...

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I think what the FIRE crowd are looking for is a state akin to how the gentry used to live. They had the leeway to write novels, or take a few legal cases, or race horses, or travel, or play in politics, or whatever pursuit interested them without having to worry about their sustenance. I doubt the...

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I would get chains for my AWD car and take that over the 2 WD one.

Having said that I did manage okay in 2WD with chains the few times I have had to drive through snow and ice

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Would appreciate any feedback/life lesson/experience/what you would do in this situation. I had similar life circumstances (significantly smaller wealth numbers, younger age, and I liked my boss and co-workers, but was bored at work). I will tell you what I did. We live in a VHCOL area and thinking...

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You want to read the early retirement now series: https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/ Essentially, when retiring that young you want to shoot for what is called a "perpetual withdrawal rate". These are withdrawal rates that co...

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IMO most posters are missing the point of the paper. The paper isn't saying don't save much per year and more than make up for that low saving rate by planning on working a long time. Instead, the paper is answering the following question. As you get very near to your retirement date, is it worthwh...

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Well Yes! Yes! Working longer means you need to save less. You should also read this classic paper: "The Power of never retiring" - Bligh If you work till your last day on this earth you can do away with saving for retirement altogether, thereby maintaining a much higher standard of living...

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Over time I have identified my triggers for wanting to do dumb things... 1. Big market drop - "If I sell now I can buy back in later!" 2. Crazy market stuff (like GME) - "I should take a % of my money and get in this!" 3. Seeing posts on here about folks with 7 figure accounts -...

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I'm being sarcastic of course :D BUT DO I REALLY NEED TO KEEP SAVING??? I want to buy a boat. Background Married 42 years old 100% Retired Military $0 Health Insurance for life $0 Property tax in Florida Debt $164,000 @ 3.25% 6 years left on 15year mortgage Income $180,000 both his and her salary c...

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Dude lost $13.6M today. https://preview.redd.it/rr9n7obwq4f61.png?width=640&crop=smart&auto=webp&s=b4f19e9156e8dad31b94e7f6a5c34daf51a5a297 He should tax-loss harvest :twisted: That would be one heck of a wash sale thread. I'm thinking red-green color deficiency might not be enough to m...

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Boglehead reporting in after going against my convictions to ride the rocket to moon I bought at 110 last week and watched it balloon to 435 and held diamond hands in hopes of the infinity squeeze. I just sold at 100 for 1k loss. I'm am a retard. I immediately put it into VT. My price to pay to rei...

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The problem IMHO is that GME DID go to the moon. The 52 week high of the stock is almost 200x its 52 week low. Millions were indeed made on this trade. The problem is that no one really knows what was meant by "the moon". The people jumping in after the stock had already risen 100x are bou...

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DFV is still in. He just posted his position screenshot on WSB. I wouldn't be surprised if DFV stays in. He has already made $13.8 million from the trade he has taken out as cash. My guess is that he acknowledges it for the once in a lifetime trade it was. It has been nothing but gravy for him for ...

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I'm not sure any more shorts will cover at this point. There's not much to stop you from holding for a few months, is there? Exactly, if I was them, I would hold on my short covering right now instead of locking in my losses. I'd bet that everyone who was going to buy in at this point already has b...

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Is this where GME slowly bleeds to death and everybody holds till the bitter end? I have been expecting a violent plummet to earth triggered by retail panic sellers once they find out the shorts have covered - after a delivery delay on that information, but maybe it really will be a slow and painfu...

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Yes he goes by /DVF (DeepValueF**k) (can't say the real word it's badly). He's the day trader that caught the 140% short. Watch any of his youtube video's (he's Roaring Kitty on YT) and you will understand how he's not a /wsb boi but a instigator. "Instigator" is a pretty funny word choic...

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I hope we won't see a thread pop up asking: "What to do with 47.9 million after I sold all GME?" https://i.redd.it/a309gkm5yxd61.png This was yesterday. Today, he lost 17mil but didn't blink. I hope he isn't married. 'Honey, we had a rough day.' :oops: He has already cashed out $13.8 mill...

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Well think about it. The brokers want the short squeeze to stop.. The brokers are the ones who LENT the shares (held in the accounts of their account holders with long positions) to the hedge funds. What happens if the hedge funds go belly up and are unable to cover their short position? The accoun...

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The New York State Attorney General just announced on Twitter that her "office is actively reviewing concerns about activity on the @RobinhoodApp, including trading relating to @GameStop stock." We'll see what happens. Wall Street pays a lot in taxes and has been there a long time. Yes, b...

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Well think about it. The brokers want the short squeeze to stop.. The brokers are the ones who LENT the shares (held in the accounts of their account holders with long positions) to the hedge funds. What happens if the hedge funds go belly up and are unable to cover their short position? The account...

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When I think BHs discussing WSB, I think of the Joker meme where he's saying, "You wouldn't get it..." WSBs is a fun site, though it'll be interesting to watch them go thru a true bear market. Not so much fun now. The sub is now private and Discord kicked it off the site. Nope it is back....

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Nope. Not because I don't want to, but because I dont keep dry powder. I stay invested.

I will invest new money when I get new money to invest.

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/r/wallstreetbets forum back up!

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Watch out! They could end up coming here to bogleheads

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You are thinking about his wrong. Think of WallStreetBets as a massive hedge fund that is creating a short squeeze on another group of hedge funds. These types of plays have always happened. It is just that this is the first time that this is happening openly and in public via a community. Think of ...

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My prediction is that DFV will be hauled in and interviewed if not charged. Rich people who think they run things don't like to lose money, and they really hate it when a mere multi-millionaire makes a fool of them. Charged with what, though? First you make the laws extremely dense and convoluted s...

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I too check all the boxes.

Boring as can be.

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My and my spouses parents know we do well that is about it. We get curious questions from them and we answer them vaguely. The times I have gotten more specific than that, I have only regretted it. No one besides my spouse knows how much we have, and no one outside her and my accountant knows how mu...

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Some of us have to ensure the survival of the species :wink: JK, but not really. I don't think it's fair to ask those without children to work every holiday and stay late while parents leave early. However, society as a whole bears the responsibility to support the next generation of humans into ad...

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I have posted it a couple of times on here. For me it was knowing several people I know who have taken up options trading in the last 6 months, some of whom are now doing it full time. These are not minimum wage workers either.. I am talking about highly skilled and educated and respected six figure...

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I occurred to me that personality might be an issue. I often hear that 'burnout' people want to lead their own lives on their own terms, as somehow their careers are not. Perhaps in this I am different. My career is my life. No kids, no long-term relationships... and I don't plan on them, especiall...

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My wife and I usually invest in a 5 year CD each year using the best available rate we can find online. This year however we are considering EE bonds. CD rates are just so low and the EE bonds guarantee the 3.5% return over a 20 year span. My main concern is will these bonds be able to keep up with...

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"With a stock market that has been growing unhindered since the aftermath of the global financial crisis" Wait this bull market has only been going for like 6 months or something right? Didn't we drop 30% in March of last year? Why are we considering this a continued bull market since the ...

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Reminds me of the stat that only about 1/3 of households living in a home that costs 1 mil or more actually have a net worth of 1 mil or more. Where is that stat from? I find it hard to believe. Do you mean 1 mil in liquid networth, or net worth over all? Not saying it isn't accurate, but seems lik...

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Has it just been me or have the exUS funds been having bigger up days than the US funds.

Nice to finally see that part of my portfolio do a bit of the heavy lifting. They still have a long way to go before they catch up though.

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I see so many similarities between today and the dotcom bubble. The day trading. I personally have 4 people in my immediate friends circle that have taken up day trading, three of them do it full time now. The stories in the press on newly minted bubble stock millionaires. The complete disregard fo...

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I see so many similarities between today and the dotcom bubble. The day trading. I personally have 4 people in my immediate friends circle that have taken up day trading, three of them do it full time now. The stories in the press on newly minted bubble stock millionaires. The complete disregard fo...

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I see so many similarities between today and the dotcom bubble. The day trading. I personally have 4 people in my immediate friends circle that have taken up day trading, three of them do it full time now. The stories in the press on newly minted bubble stock millionaires. The complete disregard for...

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Do you know anyone (or does anyone you know and trust know anyone) who is very wealthy. For example, in my case, I know a couple of people I have worked for who have a net worth in the 9 to 10 figures. I would likely approach them and explain the situation, ask them for advice and ask to be introduc...

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1) I think you might be being a bit optimistic assuming 6% real returns over 100 to 125 years. 2) You aren't taking tax drag into account - on your dividend income and on inheritances. You might be able to avoid that via trusts (no idea about these), but you will likely pay a premium on the manageme...

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Can I ask a related question? Why does one need to be concerned about our old 401k/403b/IRA (deductible)/Deferred Compensation Program records? When I withdraw funds either as a withdrawal, Roth Conversion or RMD, I am paying income tax on the full amount of the withdrawal/distribution. Since the o...

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