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UTGrad98

Certifiably Surly
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Posts posted by UTGrad98

  1. I grew up lower middle class in the Texas panhandle.  Then when my parents divorced we were below poverty level as my mother was a teacher making 19k a year in small town Texas raising 3 boys.  Now I do quite well for myself as does my wife . The great thing about growing up the way I did is that I know how to live poor .

     

    I still drive a 2006 Toyota Corolla and have no use to spend on myself . My joy comes from saving and investing . I max out my 401k every year and transfer about 50 percent of my net paycheck amount to my vanguard account monthly . I also pay extra in principle every month for our house payment. I chide myself if I miss my target amount to either. We purposefully bought a house way under what we could afford and made a pact years ago our expenses would only be at a level where ONE income could comfortably maintain in case one of us lost a job.  

     

    My wife has a much harder time saving but I have gently persuaded her to save more over the years. She finally opened a vanguard account last month and will start putting in about 10 percent of her paychecks per month in addition to her 401k. We have a 7 year old boy. 

     

    Staying on our current track and assuming 6 percent average return before retirement and  3.5 percent return after retirement our plan is for both of us to go part time at age 50. We should be able to fully retire at 55. If the government lowers Medicare age to  50-55 we will retire even earlier as our biggest expenditure will be health insurance from 50-65 provided the laws stay the way they are. House will be paid off at 55 given our current payment plan. We also may move to a smaller house at age 50 and pay cash . That has not been decided but I think we are both for it. 

     

    I do want to make note that for the entirety of my 20s I played in a rock band in Austin and fucked around . It was the best decade of my life and I deferred my 50k student loans until age 29. I say this because you don’t have to start saving at age 20 or whatever they say in order to retire early. It is a mindset . You can fuck around early and often and still be ok in the end. 

     

    My wife and I are both 44 years old. 

     

     

     

     

    • Like 2
  2. My wife and I are watching this now and are really enjoying it. For those looking to start, just slog through the first 2 episodes. It really picks up after that. I wont come out and say to skip them both and start watching from S1E3 since they are all stand alone but if we had to do it all over again my wife and I would skip them. Our honest thought after watching the first two episodes were that maybe we were just too old for these new age inde shows but man do they get good after that. Entire History of You, White Christmas, and Be Right Back are our favorites so far. Waldo is meh. The rest are good to great. Currently on the 4th season.

  3. I always love seeing/hearing something unique that I havent seen before. Can be covers, live shows,  singing / instrumental, whatever. Just something where you say , "This is the best performance of this I have ever heard."

     

    Something like this...

     Or this....IMO this is the best performance of Beethoven's 9th out there. From a 1977 recording.

    Ive listened to many, many versions of this symphony.  Nothing comes close to this. The 4 soloists are incredible. 

    Anna Tomowa-Sintow/Soprano

    Agnes Baltsa/Contralto

    Peter Schreier/Tenor

    José Van Dam/Bass

     

    Or this...

     

     

  4. export-V3R9y%20(1).1545663889377.png

    So the s and p officially closed in bear market territory today. It marks the 3rd bear market since 2000 with the other 2 in 2000 and 2007 respectively . For those who have followed the market through those times, What are the differences and similarities to now?  My main concern is was the economy running like is it now back then as well? With economists stating not to panic and that unemployment is low , consumer spending is strong etc? 

     

    I remember reading about Jamie dimon saying this next bear will be caused by bond issues. What did he mean by that? We have never had to navigate through QT before . Did we essentially kick the can down the road with 3 rounds of QE that we are just now starting to absorb?

  5. First trade to lose money for me in my small foray into swing trading. Bought some shares of dia at the end of day last Friday . Sold them thankfully into a small rally this morning. Bought at 224.11. Sold at 222.78. Still up in my accounts this year but doesn’t feel good to lose. A small lesson learned. 

  6. It will be short lived I think but ethereum up almost 75% in the last week. Bitcoin cash  up over 150% in 7 days. Most other coins up 30% or so . At least we know the fad isn’t over yet. Still gambling and 99 % of these coins are utter shit but there are some not so shitty ones that may end up making it. I wonder if bitcoin cash will actually replace bitcoin like some have said. Ethereum and xrp still have the most long term value imo. Those and one of the bitcoins either bitcoin or bitcoin cash.

     

    Prices really started going up right when we were getting close to the 100 billion overall market cap. Now back up over 140 billion. That and maybe the stock markets crashing . Maybe some people took money out of stocks and put it in crypto. God I hope not. Either way it’s fun to watch all of these markets and learn. Still on the sidelines in my crypto account. I haven’t even thought of actually transferring money back in and investing . Maybe some day and only to speculate .

    • Like 1
  7. 12 minutes ago, Wally Fairway said:

    As I've become more comfortable with puts, as the market peaked and went into decline; I'm hoping to survive this correction event and rollover into buying out of the money calls once the rebound has started.
    (I know that there is timing, but I'm not looking to call a top or bottom  but more to ride the curve for an accelerated ride)

    I have an elementary understanding of puts and calls. I know most people lose money with them and that has always scared me away from really looking into it. It’s an all or nothing bet correct?  I would love a small tutorial reply from  one of y’all who do them if you have time over the next few weeks. So if I wanted to do a put of amazon right now at 1500 and bet it goes to 1400 I would put up the value of 1 share that I would lose completely if the put doesn’t occur in the time frame I specify? Would my account also need to have in it 150k ? You buy 1 share but get the spread as if you own 100? If it does hit 1400 then I get the gain of 100 dollars x 100 shares? See the types of questions I ask? That would be the level of a tutorial I would need . If you make a put bet do you stand to gain more money by calling it in a faster time frame? Say in 1 month vs 3 months ? Why not just make a. Put bet right now for 5 years on amazon going to 1200? Or even better make a call bet of amazon out 5 years to 2000? 

  8. 2 minutes ago, Trey3216 said:

    AMZN big breakout was around 800.  Tread carefully.  

    Always. This is my money for my retirement. Since I went almost all cash in January this year my plan has always been to dabble some once the downward movement starts and to invest it all again once the recession hits. Maybe it is a good plan maybe it isn’t . I didn’t feel good watching from the sidelines from April to September. But it sure has felt good since then.

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