Crunk Times, My friend.....Crunk Times

[DBfan187 5,000+ posts]

Absolutely! It's like southern Canada.

 

[IamDeMan 5,000+ posts]

The problem I have is this.
I don't have enough experience. Plain and simple.

My investment knowledge is from about 2001 to present. I have knowledge of history, but not a social awareness about it. I often ask people, and have asked on this forum numerous times about how was life in the 1980s when we experienced stagflation, high unemployment, high interest rates etc. My knowledge of this is historic. To me, when talking about the 1980s, one could just as easily be talking about the 1880s. I have no sense of what people where thinking, what people where doing.

Now that I am older and have a different perspective on life, my attitude toward risk has changed. When one is living at home with no real obligation except to buy booze and gas, their attitude toward risk is different. Now that I am older with real obligations, I cannot take the risks I once did. Yes, I still believe if I shift this tax rebate from my IRA contribution a savings account is a long run bad move. I will lose tens, if not hundreds of thousands because of it. However, I will sleep better at night knowing I have sufficient savings to weather a storm. I have become more conservative with respect to my holdings. Not conservative in my long term investments, but how I allocate assets. More than 90% of ones return is based on asset allocation. Whether they chose to put $20 extra bucks on the mortgage, invest in a mutual fund, stash it in a savings account, or buy a bottle of wine....that is what determines the wealth.

What I struggle with internally is the tradeoff between ensuring long term prosperity while being well capitalized in the short term. What I plan to do personally is keep excess savings and when I become more confident in the economy, I can shift those savings into more risky asset classes.

My fear is that I cannot easily replace my income stream. If I lose my job, I cannot readily replace it. Thus, I must find a way to mitigate that risk. As my experience grows and the economy improves, those opportunities will grow and the riskiness of being employed decreases.

In short, I make fun of people being "old" but the value of the experience is well beyond measure. I just don't think people tap into as a resource as much as they should, which is the problem with living in the moment. You aren't as congnizent of the bigger picture. In 20 years, when this happens again (and it will), I will be more aware of the precursors and shift my investment strategy.

That was well written. I understand what you mean. I never meant to seriously question what you stated 2+ yrs ago. It was more tongue in cheek.

 

[DBfan187 5,000+ posts]

 

[DBfan187 5,000+ posts]

Nobody's perfect!

 

[Chevillac 5,000+ posts]

I can't believe how some of the folks are optimistic in the "am I dumb thread". There is no way that will work.

im not optimistic, im just saying IF.

 

[Captain_Ahab 5,000+ posts]

FUCKKKKKKK!!!!!

Bad occipital head pain again while working out. Happened last March to me..Had to take 2 1/2 weeks off from working out. That time it first came during a heavy set of squats... If i tried any heavy compound lift after that the pain came. ANd i am talking about make you want to cry, can't take a nap, feel like stabbing yourself pain.

Monday while deadlifting it came mildly, so i quit the deadlifts and finished my workout. Yesterday was chest day and it didn't pop out. Today during my 3rd set of squats I thought i felt it coming on. 4th set assured i was right. Now the back right bottom part of my head is just throbbing.

IDK if its a strained muscle or what..It went away last time...Weird thing is its on the opposite side of my head now...Pain is on the right instead of left.. The thought of tumor or some shit is kind of scary.

 

[IamDeMan 5,000+ posts]

I can't believe how some of the folks are optimistic in the "am I dumb thread". There is no way that will work.

While you are correct for the most part. I am outside your comfort zone on the issue. I am sure if you were to analyze our finances when we decided to buy the home we are in, you would have said I was on crack. We were slightly better off than them, but the price of my home still would have floored you. We managed and out still managing and I am unemployed for the most part. We have her income as main and I supplement with cash jobs. We can't save or play with our money but we are floating it until I got back in the market with a decent salary again.

Your view is definitely more true than theirs, but I am certain you would take it near the other end of the spectrum of balance on the issue.

 

[JimJ 5,000+ posts]

Oftentimes his classmates are also CEOs.

Or in jail //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

 

[Eugenics 5,000+ posts]

The problem I have is this.
I don't have enough experience. Plain and simple.

My investment knowledge is from about 2001 to present. I have knowledge of history, but not a social awareness about it. I often ask people, and have asked on this forum numerous times about how was life in the 1980s when we experienced stagflation, high unemployment, high interest rates etc. My knowledge of this is historic. To me, when talking about the 1980s, one could just as easily be talking about the 1880s. I have no sense of what people where thinking, what people where doing.

Now that I am older and have a different perspective on life, my attitude toward risk has changed. When one is living at home with no real obligation except to buy booze and gas, their attitude toward risk is different. Now that I am older with real obligations, I cannot take the risks I once did. Yes, I still believe if I shift this tax rebate from my IRA contribution a savings account is a long run bad move. I will lose tens, if not hundreds of thousands because of it. However, I will sleep better at night knowing I have sufficient savings to weather a storm. I have become more conservative with respect to my holdings. Not conservative in my long term investments, but how I allocate assets. More than 90% of ones return is based on asset allocation. Whether they chose to put $20 extra bucks on the mortgage, invest in a mutual fund, stash it in a savings account, or buy a bottle of wine....that is what determines the wealth.

What I struggle with internally is the tradeoff between ensuring long term prosperity while being well capitalized in the short term. What I plan to do personally is keep excess savings and when I become more confident in the economy, I can shift those savings into more risky asset classes.

My fear is that I cannot easily replace my income stream. If I lose my job, I cannot readily replace it. Thus, I must find a way to mitigate that risk. As my experience grows and the economy improves, those opportunities will grow and the riskiness of being employed decreases.

In short, I make fun of people being "old" but the value of the experience is well beyond measure. I just don't think people tap into as a resource as much as they should, which is the problem with living in the moment. You aren't as congnizent of the bigger picture. In 20 years, when this happens again (and it will), I will be more aware of the precursors and shift my investment strategy.

I think you should've pursued an engineering degree of some sort.

 

[IamDeMan 5,000+ posts]

Or in jail //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

nDeed

 

[WhoSayWho? 5,000+ posts]

wsw? is mad old itt.

As I am sure you know from years of listening to Billy Joel, only the good die young.

 

[DBfan187 5,000+ posts]

Did he start the fire while playing the piano, man?

 

[WhoSayWho? 5,000+ posts]

Did he start the fire while playing the piano, man?

As a matter of fact, yes.

 

[DBfan187 5,000+ posts]

Someone post the CT member list pls.

It's being revised.

 

[IamDeMan 5,000+ posts]

Someone post the CT member list pls.

Bookmark it.
http://www.freewebs.com/mikeoftulsa/CrunkTimesList.htm