Is anyone rich here?

[YY1]

Without getting too political- my opinion on the effect of the current admin on the market is-

"They" are intentionally causing turmoil so those with means can take advantage of a more immediate "buy low, sell high" cycle.

However, history shows that the one thing the markets hate.....is chaos and turmoil.

As stated above, I rode the "tariff turmoil" for a 20+% gain, almost overnight.

 

[YY1]

I also rode the "big tank" of 2024, the "covid conundrum" of 2020, the "great recession" of 2008-2012, and the "big sell off" of 9/12/01.

Nearly everyone else was panicking.

I was buying.

 

[jeff alder]

I also rode the "big tank" of 2024, the "covid conundrum" of 2020, the "great recession" of 2008-2012, and the "big sell off" of 9/12/01.

Nearly everyone else was panicking.

I was buying.

That's where the beware of a black cat crossing your path came from...

 

[YY1]

I like to compare the market with something more the likes of a combination of "Dungeons and Dragons" and draw poker.

Your "players" have "attributes", and there are many, and you can discard and redraw as often as you can afford it.

 

[YY1]

That's where the beware of a black cat crossing your path came from...

Uh, you've seen my avatar, right?

I loves me a black cat.

Literally actually.

I have two.

One is my "James Bond villain" cat, and will ride around on my arm nonchalantly, while I go around, doing whatever I need to do.

If you count tuxedo's I have four.

 

[YY1]

Now that I think about it, she's probably more of an "Austin Powers villain" cat, considering my sense of humor.

 

[Inertia]

I like to compare the market with something more the likes of a combination of "Dungeons and Dragons" and draw poker.

Your "players" have "attributes", and there are many, and you can discard and redraw as often as you can afford it.

I consider it a sport .

 

[BSB67]

By the looks of that Dart you are doing well!

What an interesting measure of doing well.

 

[Inertia]

What an interesting measure of doing well.

I bought that Dart new, still have it . No regrets, lol

 

[dadsbee]

Working our way to the "must be nice crowd"!

 

[dadsbee]

I'll save the time. Married at 20 to an 18 year old. I had $13.84 in the bank, a bun in the oven, a 69 Superbee that my Father took me for $3600 at 10% over 3 years and a job offer to work on the Canada Arm with Spar Aerospace that I declined. Wife had a grand, only to find out her Mother frozen her bank account. Self employed since I was 23 and Wife 21 with 20+ housewifes assembling parts for us while she watched 3 kids that I rarely saw. I was never home, but in the plant sleeping on a cot... it's been a roller coaster, but the 20 or so years that we put the max we could into RSP's from 1990 or so to 2005 is feeding us now. Life is a journey, all controlled by you!

 

[dadsbee]

Amazing part... she's still here . 43 years later.. 46 since we met.

 

[mopowers]

Life is a journey, all controlled by you!

That pretty much sums it up!

 

[dadsbee]

All said, once again, this is as rich as you can get!

 

[44070dart]

My older brother bought Ford (f) in early '09 for a buck and change. He told me don't be stupid it's Ford, and will be around forever. I had the funds, but I was comfortable where I was in life. I dipped my toe in, but he just cannon balled in, as the world was crashing around us. If you think he doesn't bust my balls anytime we get near the subject, think again. He is a good brother and has surprised me with parts, sometimes when I was just thinking of getting them. He puts a note on them saying " from Ford ". prick

 

[crackedback]

My older brother bought Ford (f) in early '09 for a buck and change. He told me don't be stupid it's Ford, and will be around forever. I had the funds, but I was comfortable where I was in life. I dipped my toe in, but he just cannon balled in, as the world was crashing around us. If you think he doesn't bust my balls anytime we get near the subject, think again. He is a good brother and has surprised me with parts, sometimes when I was just thinking of getting them. He puts a note on them saying " from Ford ". prick

A friend suggest to buy a stock in 2019 that had a pretty good future, said throw 5K of your roth at it, 50 shares. it was about $100/share.
Fast forward to today. The stock has split twice. The 50 shares would be 2000 shares and the stock price is $180 about 360K NVDA

He mentioned it again pre 10x split when it was around $120, a 5k investment would about 72K.

My other big miss in the late 90's was "Who the F is going to buy books off the internet?" LOL Back when it was about $20-24 pre split, 240x shares later basis in the pennies, share price of 230.... Yeah.
A buddy started rolling call options on Amazon. Started with $200, turned it into 8.5 million. Just had a sense for the stock and how it moved.. Had some poor months, never overleveraged and played with house money.

Rich is all relative. To a homeless person having 5K is rich, Buffett wipes his rear with that much cash...

 

[66fs]

A friend and I had the perfect idea years ago. Macon and Bibb county have an ordinance that says you cannot serve alcohol and have nude dancing in the same establishment. There's a pair of buildings on the east side of Bibb County that are mirror images and are less than 5' apart on one side. We had talked about knocking both facing walls out and replacing them with thick glass. Bar in one building with bikini servers and nude dancing in the other so you could look right out one building into the other. lol

You will never go broke catering to peoples vices.

 

[YY1]

My older brother bought Ford (f) in early '09 for a buck and change. He told me don't be stupid it's Ford, and will be around forever. I had the funds, but I was comfortable where I was in life. I dipped my toe in, but he just cannon balled in, as the world was crashing around us. If you think he doesn't bust my balls anytime we get near the subject, think again. He is a good brother and has surprised me with parts, sometimes when I was just thinking of getting them. He puts a note on them saying " from Ford ". prick

I bought at $3 and sold at $12

That's a quadruple.

I used to subscribe to Better Investing mag (from the NAIC), back when I was in that investment club.
I forget exactly, but they said on average a person gets something like 5 doubles and 1 triple in their lifetime.

I had 4 doubles and a triple in the first five years!

During that timeframe (2008-2012), I was paying attention to their mustang sales and their CEO, who had previously been on a reality show when he was CEO of Boeing.

Speaking of BA...for the past 20 odd years, they were a darling of popular investing strategy.
Boy am I glad I never went for it.
Although they should be pretty "beat up" now. If they can recover, it could be an opportunity.

I am currently sitting on 2 triples and a near double (+85%).
One of them is Wells Fargo.
I bought when they were beat up and held out a long time.
It didn't hurt that they were a 4-5% payer, which kept up with inflation, and helped fill my coffer with funds to invest more.

 

[crackedback]

BA had a stellar run from that 2010 period on until the 737 debacle.

Last 5 years been in a channel from 125 to 250ish. One day it will break out and move up.

 

[66fs]

I'm looking for financial advice from someone who is successful at investing in mutual funds. I'm 54 and broke, but have $12k to start as an initial investment and also am going to add in 15% of my work pay every month (about $1000). I'm hoping to have enough in the account to retire with when I reach 65. I would need any info to be dummied down to a poor guy level, because if I already knew how to do it then I would be rich already.. Does anyone here know about this stuff? I'd previously posted this question in another car forum and got no help because all the other car guys were just as poor as I was because they spent all their money on their car hobby. So I'm just giving this a shot...

First get rid of any addictions. Find a great partner and treat them like gold. Get what you love, and take the best care of them you can. Do good and treat everyone as you would like to be treated. Find work you love and do your best. See below.

A Proven Plan for Financial Success | RamseySolutions.com

 

[Inertia]

A friend suggest to buy a stock in 2019 that had a pretty good future, said throw 5K of your roth at it, 50 shares. it was about $100/share.
Fast forward to today. The stock has split twice. The 50 shares would be 2000 shares and the stock price is $180 about 360K NVDA

He mentioned it again pre 10x split when it was around $120, a 5k investment would about 72K.

My other big miss in the late 90's was "Who the F is going to buy books off the internet?" LOL Back when it was about $20-24 pre split, 240x shares later basis in the pennies, share price of 230.... Yeah.
A buddy started rolling call options on Amazon. Started with $200, turned it into 8.5 million. Just had a sense for the stock and how it moved.. Had some poor months, never overleveraged and played with house money.

Rich is all relative. To a homeless person having 5K is rich, Buffett wipes his rear with that much cash...

I bought some when it was a "bookstore that sold other things"

Still got 100 shares.

 

[Calipag]

During the pandemic a few here at work started investing in different stocks ( through Robinhood) and I gained some (PNC, BA) and lost some (Lucid) but then in January of 2024 I was on the board here; as I do everyday! And I got on a stock thread and someone (thank you whoever it was) mentioned NVDA and I did a bit of research and cashed in all of my other stocks and rolled the dice on NVDA. It had the 10-1 split that June and well it worked out. Even a blind squirrel gets a nut every now and then.

Thank you to everyone on this board for all of the amazing help, and suggestions over the years, this site is amazing not just for the car stuff but for the personal touch everyone adds.

 

[Dan the man]

There's nothing wrong with saving money, especially for retirement but it seems like most people worry to much about how much they can get.

 

[BSB67]

I'm looking for financial advice from someone who is successful at investing in mutual funds. I'm 54 and broke, but have $12k to start as an initial investment and also am going to add in 15% of my work pay every month (about $1000). I'm hoping to have enough in the account to retire with when I reach 65. I would need any info to be dummied down to a poor guy level, because if I already knew how to do it then I would be rich already.. Does anyone here know about this stuff? I'd previously posted this question in another car forum and got no help because all the other car guys were just as poor as I was because they spent all their money on their car hobby. So I'm just giving this a shot...

Comments from the creator of the 4% rule. 4% rule update aside, there is some things for you to consider in his comments. Like:

1) you should be 100% in equities until 5 years before retirement.
2) you should be 50% in equities after you retire.
3) market drops have little bearing on portfolio success.
4) Long term inflation is a larger risk.

https://finance.yahoo.com/news/4-rule-1994-original-author-120000250.html

 

[stroked340]

Not rich but far far from poor can usually buy what ever we want and take vacations regularly