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Post by zendancer on Jan 13, 2011 23:44:02 GMT -5
Michael: The crazy libary computers I occasionally use while visiting a nearby city allow visitors either an hour of time or a half hour, depending on which library I visit. Sometimes they give you a five minute heads-up before they go dead and sometimes they just shut down without any warning and everything on the screen is lost. After losing some long posts on several occasions, I now log off whenever I see that there are only a few minutes left. ZD, scoop up some of that cash and get thee an iPad 3G posthaste! They are made for Luddites. The morningstar app is pretty nice too. Karen: I left the library behind today when I discovered (another Luddite oversight) that all McDonald's restaurants have wi-fi where I can use my own laptop. Tonight my hi-tech brother told me to buy a Virgin hot-spot cell something-or-other for $40 that will give me web access via a pocket modem which has encryption on both ends and helps avoid people potentially hacking into stock trading accounts. I'll have to check that out tomorrow at my local computer store. |
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Post by karen on Jan 14, 2011 0:49:15 GMT -5
Ah you have a laptop and claim to be a Luddite? They are much harder to use than iPads. Sounds like you got it figured out!  |
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Post by stardustpilgrim on Oct 10, 2022 13:01:28 GMT -5
...........bumped........... Yep. I always get tickled by this sort of stuff. A few weeks ago a woman told me that she didn't know what to do with her money (her husband had always managed their money, but they had split up), and asked me if she should put some of her money into gold. I told her: 1. Gold cannot be eaten, so it's not worth much if disaster strikes. 2. It's never a good idea to buy anything that is at an all-time high price. 3. Gold has never been a good long-term investment vehicle. 4. To get objective investing advice, never ask anyone for advice who has something to sell. 5. Before investing one's money, one should become knowledgeable about what's going on and what all of the options are. I suggested that she get educated. In the past, people relied upon their company, or the government, or their stockbroker to provide for their retirement, but IMO it is no longer wise to rely upon any of those entities. Companies go bankrupt, the government doesn't have its act together, and stockbrokers are nothing more than glorified salesmen (my apologies to all of the stockbrokers on the forum for calling a spade a spade). Probably the most intelligent thing that one can do if one is ignorant about personal finance is go to the library and start doing some serious reading, or pay some financial advisors on an hourly basis for advice. |
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Post by stardustpilgrim on Oct 10, 2022 14:45:52 GMT -5
OK, I think > this< is the thread I was looking for, I thought zd had started it, I remembered incorrectly. |
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Post by zendancer on Oct 10, 2022 14:57:05 GMT -5
OK, I think > this< is the thread I was looking for, I thought zd had started it, I remembered incorrectly. I did start one on money, but it was probably ten years ago and I have no idea what the title of the thread was. Several posters listed the basic behaviors that are involved in the attainment of financial peace. The number one priority was to live on less than one earns and to get out of debt. It's very hard to grow net worth when a lot of money must be spent on interest charges. |
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Post by Deleted on Oct 10, 2022 16:12:40 GMT -5
OK, I think > this< is the thread I was looking for, I thought zd had started it, I remembered incorrectly. I did start one on money, but it was probably ten years ago and I have no idea what the title of the thread was. Several posters listed the basic behaviors that are involved in the attainment of financial peace. The number one priority was to live on less than one earns and to get out of debt. It's very hard to grow net worth when a lot of money must be spent on interest charges. I gambled on some Chinese electric car stocks recently, hoping they would be the next Tesla. Bad idea - so much pain. Well I haven't sold yet, so they are unrealized losses, and maybe they will recover. But I get why some of those guys decide to jump out high windows when the market goes down. |
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Post by zendancer on Oct 10, 2022 17:37:37 GMT -5
I did start one on money, but it was probably ten years ago and I have no idea what the title of the thread was. Several posters listed the basic behaviors that are involved in the attainment of financial peace. The number one priority was to live on less than one earns and to get out of debt. It's very hard to grow net worth when a lot of money must be spent on interest charges. I gambled on some Chinese electric car stocks recently, hoping they would be the next Tesla. Bad idea - so much pain. Well I haven't sold yet, so they are unrealized losses, and maybe they will recover. But I get why some of those guys decide to jump out high windows when the market goes down. I used to trade individual stocks and had lots of successes with only one significant failure, but I later switched to trading index ETF's like VTI and VYM. Much safer, and if they drop too far to trade, just take the dividend and be patient. I remember the dotcom meltdown when $300/share stocks went to $3! I learned some good lessons during that time period!  |
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Post by japhy on Oct 29, 2022 16:44:25 GMT -5
I gambled on some Chinese electric car stocks recently, hoping they would be the next Tesla. Bad idea - so much pain. Well I haven't sold yet, so they are unrealized losses, and maybe they will recover. But I get why some of those guys decide to jump out high windows when the market goes down. Sorry Robert, the markets can be tough |
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