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  • jacoavlu
    replied
    Originally posted by CordMcNally View Post

    I’ll be re-plumbing my entire house with PEX if copper goes up 200x.
    as an aside, I found this long tweet thread about copper interesting

    https://twitter.com/mining_atoms/sta...bnh0tUQCmUGznw

    Leave a comment:


  • jacoavlu
    replied
    Originally posted by VentAlarm View Post

    The next thing I will buy that will go up 200% is VT or VXUS. The great news: I buy when I have the money and I sell when I need the money. No need to predict the future correctly (twice).
    to be clear I would never invest in copper or whatever. I’m not an active investor or trader. Just an index fund guy that happens to also allocate to bitcoin

    Leave a comment:


  • Tangler
    replied
    Originally posted by VentAlarm View Post

    The next thing I will buy that will go up 200% is VT or VXUS. The great news: I buy when I have the money and I sell when I need the money. No need to predict the future correctly (twice).
    This is the best route for all, IMO. Even the smartest doc cannot time the various markets repeatedly, over and over. Trying to find the greater fool is a fools errand and we are better of spending the time on CME or with family, or on some exercise or trying to fool a fish.

    Leave a comment:


  • Tangler
    replied
    Originally posted by jacoavlu View Post

    yeah I had funds on blockfi for quite a while, bitcoin and stablecoins. Moved it all out quite a while ago. No more stablecoin holdings. Only bitcoin in self custody. It worked out fine for me. Earned mid 5 figures of “interest” during the time
    Sounds good. I would have certainly goofed it up. Honestly glad you did not get smashed.

    Leave a comment:


  • VentAlarm
    replied
    Originally posted by jacoavlu View Post

    maybe copper
    The next thing I will buy that will go up 200% is VT or VXUS. The great news: I buy when I have the money and I sell when I need the money. No need to predict the future correctly (twice).

    Leave a comment:


  • jacoavlu
    replied
    Originally posted by Tangler View Post

    So you were considering putting 10-50k into these "stable coins".

    How much did you put in?

    How did this turn out?
    yeah I had funds on blockfi for quite a while, bitcoin and stablecoins. Moved it all out quite a while ago. No more stablecoin holdings. Only bitcoin in self custody. It worked out fine for me. Earned mid 5 figures of “interest” during the time

    Leave a comment:


  • Tangler
    replied
    Originally posted by jacoavlu View Post

    undecided but probably somewhere between $10k-$50k

    I understand there is risk. But I also consider equities investment - where most of the rest of my money goes - to have a risk of 50% principal loss

    some of this is “something to do” while still not getting cute with things on the equities side. Market timing, individual stocks etc

    Along similar lines I used to buy and roll T bills as a layer of my emergency fund, that was when they paid ~2%. It was something active to do while staying boring with the money that really mattered. Now T bills are basically at zero so that’s no fun
    So you were considering putting 10-50k into these "stable coins".

    How much did you put in?

    How did this turn out?

    Leave a comment:


  • Tangler
    replied
    Originally posted by jacoavlu View Post

    haven’t you learned anything?
    Yes, thanks. How about you?

    Leave a comment:


  • Tim
    replied
    Originally posted by jacoavlu View Post

    its kind of funny that we place value in these economic principles but then stop when it comes to our money and don't apply the same principles to the dollar
    I did not advocate not applying the same principles to the dollar.
    I do think the government powers of managing currency is a "potentially useful tool" when used responsibly. The benefit would be primarily "smoothing" of economic events.
    Not how it is being used now. Self defense, pleading the 5th or whatever.

    Leave a comment:


  • CordMcNally
    replied
    Originally posted by jacoavlu View Post

    maybe copper
    I’ll be re-plumbing my entire house with PEX if copper goes up 200x.

    Leave a comment:


  • jacoavlu
    replied
    Originally posted by VentAlarm View Post

    So…..what’s the next thing that will go up 200x and what’s the best time to buy and sell said commodity?
    maybe copper

    Leave a comment:


  • VentAlarm
    replied
    Originally posted by xraygoggles View Post

    Not necessarily large investments - Dogecoin went up 200x or more i think since 2020. Luna 100x. ETH 40x. BTC 10-20x. Don't need that much initial capital to make a lot.

    But the impt thing was to sell before it crashed ofc.
    So…..what’s the next thing that will go up 200x and what’s the best time to buy and sell said commodity?

    Leave a comment:


  • jacoavlu
    replied
    Originally posted by Tangler View Post
    I might buy a small amount of the vanguard total crypto ETF, when it makes an appearance.

    Or I will just buy VTI (more likely) and get some of what there is to get when it is easier to get and feels less like a ponzi bubble trap.
    haven’t you learned anything?

    Leave a comment:


  • Tangler
    replied
    I might buy a small amount of the vanguard total crypto ETF, when it makes an appearance.

    Or I will just buy VTI (more likely) after it is included and get some of what there is to get when it is easier to get and feels less like a ponzi bubble trap.

    Leave a comment:


  • Tim
    replied
    Originally posted by The White Coat Investor View Post

    Not quite true. Everything has to be sold. All that stuff you buy at Target had to be sold to Target by someone or you would have never known about it.

    Disability insurance, new cars etc. all are sold by someone but they can still be a win/win.
    “There is nothing wrong with advertising an marketing or brand development. That is how you attract customers.”
    Cut me some slack. I called one of your Disability Insurance vendors, they didn’t call me. I called one of your student loan refi vendors They didn’t call me. I’ll let someone with a product fighting for shelf space at Target or Walmart pitch and wish them well. Distribution channels are a big deal. I shop at Target or Walmart for something I need.
    You sir, offer a platform for advertising, that is perfectly fine. Target and Walmart offer platforms with products, that is perfectly fine.

    New cars I don’t deal with salesmen. I shop, take a test drive and buy what I want. I do appreciate the service offered if I have questions and getting the approval of the price from the new car sales manager. If I don’t like the price, I go back online.
    I do appreciate the service offered when I need assistance making a purchase. They deserved to be paid.
    The techniques in that article are taught to salespeople by one of your favorites, NWM. Closing the sale. And the vast majority of time they contact you.
    Big difference between ““There is nothing wrong with advertising an marketing or brand development. That is how you attract customers.”
    and using sales techniques.

    Leave a comment:

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