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Ask a Mustachian / Re: Non traceable visa credit card
« Last post by maizeman on Today at 08:23:17 PM »
I am trying to think of non-criminal reasons for this anonymity, but I can of think of any that are not nice things to do. Not judging, just saying.

Pornography that plays to some kink that's completely legal but not socially acceptable in the OP's local community?

Purchasing gifts for a spouse that will actually be a surprise when the couple has combined finances?

Providing some kind of support to a friend or family member in need (think the anonymous delivery of a batch of groceries) without establishing a precedent that the OP is going to be a permanent safety net whenever they need help)?

There are lots of reasons for people to want privacy in their purchases besides pursing illegal activity.
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Investor Alley / Re: Top is in
« Last post by Radagast on Today at 08:19:28 PM »
This thread is at its best during the 72 hours after a new thorstach post.
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By far the biggest anti mustachian thing in my life is my home climbing wall.

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If there is any match, the qualified account up to the max match limit
Once any match is maxed, mortgage

Wow.

My risk tolerance is nearly infinitely higher than yours, then.

My risk tolerance is nearly infinitely lower. Maxing out tax advantaged accounts is a bird in hand. You get the advantage today, and it is roughly equal to your top marginal bracket (quibbles wit that characterization noted, and accepted into evidence). Paying off the mortgage is roughly equal to your mortgage rate minus the rate of inflation, which might very well be add up to zero.

Giving up a bird in the hand for very possibly zero reward sounds literally insane to me. That is crazy, crazy, crazy, risk taking. I am far too risk adverse to do something like that.

Boarder asked me if I would rather max out a tax advantaged account (equities) or apply to the mortgage
Those were the only two options I was given. I could have clarified, but that would be boring
I would take free money from the match.
After that I wouldn't invest in the equity market right now. I said that to him 2 pages ago.
I have said that 15 times on this thread
I invest in what I understand and control.
I would invest in fixed income, or in other things, but not equities.
Especially now at record all time highs.
I would invest in real estate, collector automobiles, my other businesses, or a myriad of other things.

My risk tolerance is low. I wouldn't touch this market with any money of value.
You guys hold up the equity market like it is some king. Not really.
There are many other investments that offer far more return, much less risk, and are enjoyable.
I have investments that return double, triple or more of the equity market.
Equities don't appeal to me. They have little involvement in my opinion. I like involvement

I see the wow comments?, and the I need to open my mind comments. I smile!
My mind is the one here wide open. It's not just the equity market or nothing for me. It is actually just about every other market except that. Investment you can live in, drive, hold, look at or work on.
The equity market will never be a bird in the hand, because you have no control over it. I have investments that are a bird in the hand. I know exactly what they will pay me months or years from now. THAT is a bird in the hand.

My investments are my employees. Real employees. Buildings, Businesses, Brands. and lots of other things.
Some of you criticizing me and others work for someone else all day, sometimes in a job you hate, making them rich, then go home to your mortgaged home with little net worth, hop on the net, and then call people like me crazy.

That to me is silly.

That statement amuses me.

If the market wasn't routinely at all time highs, what exactly would be the point of investing?

The next few years will really amuse you
So you are not a buy low sell high person?.

Wait...I thought the goal was to buy low when everything is on sale, right?

I don't have a crystal ball, so no.

What you're describing is market timing - if that's your investment strategy, you are wise to stay out of the market.

Are you perhaps calling that "the top is in?"

I can guarantee you that my investment portfolio consists of more "real employees, buildings, businesses, brands. and lots of other things" than whatever you own. That's perfectly fine if it's your strategy but don't pretend that you're better diversified in real assets than a selection of index funds are.

I hope for your sake that your businesses don't crumble during the inevitable economic meltdown that you're predicting.
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Market timing.

You buy constantly regardless of the market valuation

This just gets better and better
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I have voiced this on previous threads, but I find it interesting that the pay as you go never have a caveat. Well, I earn more, but he spends more time on household chores, for instance.

Since many have been doing this for years, I assume some subset also has children. Are all of the kid's expenses out of the joint account? What if Dad takes the kid out for ice cream on the way home for flu shots?

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Investor Alley / Re: Timing the market on a monthly basis
« Last post by Radagast on Today at 08:15:00 PM »
As others have said, dollar cost averaging by buying on the same day every month is already somewhat similar this.

This will probably be a huge waste of time. You will probably get a better rate of return washing ziplock bags and planting tomatoes in front of your windows. Certainly by getting a side job.

So, if you do follow through, automate as much as possible. For example set a limit order which is lower than the current market price by 1/2 the monthly standard deviation over the past year. Then forget about it until next month, when you add more money and reset the order. Do not watch the market every minute waiting for an arbitrary dip, there are better things to do. It would help if you had non-correlating assets with similar volatility, for example in the US, stocks, long term bonds, and gold, that way if whatever you are trying to buy soars upward, you can instead buy something that is headed down.

At the end, you lowered your average purchase price by, say 3% (optimistically). On an annualized basis, that is basically nothing after a decade or two. You would be better off leaving right now to check the ground for loose change.

Question to ask yourself: is this something than an algorithm could do better than you could? If so, why isn't it?
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Off Topic / Re: Does Anyone Regret Voting Republican?
« Last post by JLee on Today at 08:12:49 PM »
I find it hard to believe that Trump was elected by a passel of racist, xenophobic Americans because he would put the damn Muslims/Mexicans/Blacks whatever back where they belonged.

I prefer to believe that his supporters are feeling anxiety about:
- economics: job loss (perceived as to developing countries, but also from automation and changing demand)
- national identity: the US used to be the biggest & best superpower in the world. China has largely caught up.
- cultural changes: the internet has changed everything in the way people interact
and so on.

Trump's campaign played to these anxieties. He blamed the Democrats for all this stuff happening and promised to put things back to the way they were.

If by "national identity" and "cultural changes" you mean that we're ever so slowly inching our way towards a society that's not completely and wholly dominated by rich/white/straight/men, then perhaps you have a point there.

Smaller fringe groups like...women? I think they're overdoing it on the transgender stuff, but most of the groups they've been focusing on are not exactly fringe.

in the attempt to big tent every specific group they've forgetting what it means to be American.

Focusing on things that differentiate us instead of unite us. It just sucks.


Republicans gave up ruling what 20 years ago but atleast I get to keep more of my money.


You're either part of the 1% or woefully misinformed about recent events.
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Off Topic / Re: Does Anyone Regret Voting Republican?
« Last post by clutchy on Today at 08:11:52 PM »
Smaller fringe groups like...women? I think they're overdoing it on the transgender stuff, but most of the groups they've been focusing on are not exactly fringe.

in the attempt to big tent every specific group they've forgetting what it means to be American.

Focusing on things that differentiate us instead of unite us. It just sucks.


Republicans gave up ruling what 20 years ago but atleast I get to keep more of my money.
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Share Your Badassity / Re: Asbestos disposal - it's done!
« Last post by headwinds on Today at 08:10:52 PM »
Strong work. You must be courageous, motivated, and resourceful to have pulled this off.
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