Newfie wrote:VT,
Yes, we are pretty similar. In observations of others and our situation. We are “comfortable” because we were personally responsible. We too carry no debt.
REAL Green wrote:Newfie wrote:VT,
Yes, we are pretty similar. In observations of others and our situation. We are “comfortable” because we were personally responsible. We too carry no debt.
There is nothing at all wrong with responsible debt. I have a mortgage which is smart considering how low rates are and the tax benefits. I have a tractor financed. The responsibility of my debt for me is I have income and I have investments that means I have positive cash flow and positive net worth. In fact I would say no debt is an extreme. I am not saying this is wrong just that it is an extreme financial position.
vtsnowedin wrote:REAL Green wrote:Newfie wrote:VT,
Yes, we are pretty similar. In observations of others and our situation. We are “comfortable” because we were personally responsible. We too carry no debt.
There is nothing at all wrong with responsible debt. I have a mortgage which is smart considering how low rates are and the tax benefits. I have a tractor financed. The responsibility of my debt for me is I have income and I have investments that means I have positive cash flow and positive net worth. In fact I would say no debt is an extreme. I am not saying this is wrong just that it is an extreme financial position.
Oh I agree. a house for you and your family and the car or truck you drive to work and even the tractor if you need it are better deals then renting them. But by the time you retire those debts should be paid off except perhaps the current vehicle. Big debts on credit cards and RVs and second homes are what I think people should avoid especially when they get older.
Side note I bought my tractor for zero percent interest and it has been the most useful thing I have ever bought.
evilgenius wrote:On that note, what do people think about Ant Group? They are a new way of providing finance, one that knows more about you through data collection. They are supposed to be in competition with regular banks. They are supposed to be better. I wonder if that is true? The banks are down right now. Does the uproar over Ant signal a change? Is it time to get into banks?
Warren Buffett may be looking forward to Ant Group's public debut in the coming weeks, as it promises to pull some of Berkshire Hathaway's lesser-known investments into the spotlight.
Alibaba cofounder Jack Ma spun off Ant from the Chinese e-commerce giant in 2011, but still owns 8.8% of the affiliate. Ant owns Alipay, China's leading online-payments platform. It is seeking to raise more than $34 billion via a dual listing in Hong Kong and Shanghai, setting the stage for the biggest initial public offering in history.
vtsnowedin wrote:evilgenius wrote:On that note, what do people think about Ant Group? They are a new way of providing finance, one that knows more about you through data collection. They are supposed to be in competition with regular banks. They are supposed to be better. I wonder if that is true? The banks are down right now. Does the uproar over Ant signal a change? Is it time to get into banks?
I had not considered them yet preferring to go with established dividend paying companies. But now that you mention it Ant group looks like a very interesting IPO with a good future ahead of it and multinational reach. Hear is a piece discussing their prospects and investors.
vtsnowedin wrote:The markets all took a nosedive today and tomorrow doesn't look much better. I'm not going to panic and sell anything as what I have will win out in the end (or at least I think it will) . What I will do is hold off on planned purchases until it bottoms out and starts back up. A bit of bottom fishing as it were. No need to buy a stock today that might be had in a week or two for twenty percent less.
vtsnowedin wrote:I don't need or expect to hit the exact bottom. I'll just leave this months cash on the side or maybe even next months until we get a day or two of rising markets. It might go back to a downward trend the next day or so but I will have bought whichever stock or stocks I buy for less then I could have bought them for last week.
Take a look at Nextera energy, com (NEE).
evilgenius wrote:vtsnowedin wrote:I don't need or expect to hit the exact bottom. I'll just leave this months cash on the side or maybe even next months until we get a day or two of rising markets. It might go back to a downward trend the next day or so but I will have bought whichever stock or stocks I buy for less then I could have bought them for last week.
Take a look at Nextera energy, com (NEE).
I know what you mean. I bought something last go round that went lower afterward. Later, when things settled, I bought some other stuff and didn't add to that first position. That's why I only bought a small stake this time. I figure I can dollar cost average if that happens again.
vtsnowedin wrote:That is commonly heard advise and I will not dispute it for the average investor trying to build a portfolio intended as retirement assets.
I on the other hand am already retired and have my income streams coming in from social security and a fixed payout retirement fund managed by others.
All I'm risking here is some of my beer money.
Fedelity says my account resembles their "most aggressive" category which I find amusing.
I'm looking to buy a few cases worth of beer value of a stock each month to diversify what I have in hand looking for long term companies paying a good dividend with at least one each from each major market sector.
That leaves out all the IPOs and high tech wonder kids and anything with a P/E of over 30. So if I am aggressive now I will becoming less so over time.
I might turn a good profit and if I just bought beer with the money all I would have in the end would be a pile of empty cans to take back to the recycling center.
vtsnowedin wrote:In my younger foolish years I learned a few lessons at the school of experience. One of the lessons was called Palm.
I really thought Tesla was a good bet back when it was about $200 a share but I dawdled and missed the opportunity. Now I think so many have jumped on this band wagon that it is over valued and will have a hard time meeting expectations at some time in the near future. In my dreams some event or bad quarter cuts all the fluff off of it's price and I will be able to buy in at a quarter of the price today.Outcast_Searcher wrote:vtsnowedin wrote:In my younger foolish years I learned a few lessons at the school of experience. One of the lessons was called Palm.
You have TONS of company, including me, re technology. One of the insights the legendary Warren Buffett repeatedly mentioned was how hard it is to make money in car makers over time in the stock market. It might seem "obvious" on the surface, re technology investing, but it most assuredly is not.
I still suspect that Tesla has a few surprises for the dedicated fanboi cult, before the maturity of BEV's (re dominating the car market) is over (and of course, I could be very wrong, despite the huge valuation on the stock in recent months).
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