LC

I don’t think anyone is arguing educators inflate their numbers. But I think the point is that if colleges prices hadn’t been inflated so much, this would be less of an issue. In other words, it is not a root cause but rather a symptom of.

Just make these loans default-able in bankruptcy after 8 years.

Attack on Titan. Incredible show!

The Curry's are good stock (heh) I was pulling for the Warriors (boo injuries!) but it's a great day for Canadian basketball, so congrats Raptors!

sold TFSL, RELX, DIS, bought some freaking Visa (not with all the proceeds, just a tiny position) :o :o

I agree with SD especially regarding the working hobby aspect. Will be a better use of your time. But I'd say take 5 or so % and play with that.

https://qz.com/1623418/index-funds-now-account-for-half-the-us-stock-market/ Investors have put $4.305 trillion into passive US stock market funds as of April 30, only $6 billion shy of the $4.311 trillion overseen by active US equity funds, according to a Morningstar report. This month’s data will very likely show that the passive funds have surpassed those that are actively managed.

Raps Dubs...will be great!

Ross, off topic but why metal ducting? Most woodshops I’ve seen use flexible hose as drops.

Screw my previous goals, i’m all in on this one.

Which beach is the question? San Diego area, probably the home itself worth around 1.5m :P Haha that's true. For now, Florida. I think any further south and it'd be too far to justify frequent trips...at that point might as just stay at hotels as others mentioned.

Hah I think you're blowing it a bit out of proportion. The properties - about 1.5m in total. 100k for a plane. Fly that bird myself :) Not too outrageous compared to folks on this board.

Investing is definitely a means to an end: 3 homes (city, mountain, beach) and a plane to travel among them. All paid off. And enough cash flow to live modestly, maybe a vacation once or twice/year. At this rate I need about 7-10 years. Once I hit that, I'll dump the rest into Berkshire and SPY. Life is too short to be looking at stock quotes and 10-Ks.

A good update: https://www.bloomberg.com/opinion/articles/2019-05-15/millennials-are-helping-to-sound-the-credit-card-alarm?srnd=premium First, the charge-off rate among card issuers in the first quarter increased to the highest level in almost seven years Discover CEO Roger Hochschild told Surane in an interview that “in general, we have been contracting credit policy at the margin and tightening” because of the length of the economic expansion. Some 8.05% of outstanding credit card debt among Americans between the ages of 18 and 29 was delinquent by at least 90 days, the highest level since early 2011 The New York Fed report noted that the number of credit inquiries in the past six months, an indicator of demand for credit among consumers, fell to the lowest level since the data begin.

You can also use airline miles for these types of things as well.

I see it a lot. Most professional documentation is worked on by a team (or multiple teams) of people. But yeah it’s super obnoxious when some dude writing from his couch does it.

Tilson is an interesting case. He has been following WB and Brk for YEARS, and yet his own funds returns have been lackluster. Yet, he has still attracted capital and been able to market his funds. I take two lessons from him: 1) Sometimes it's just not in the cards. You can say all right right things, do all the right things, and it just doesn't work out. To me, WT really seemed like (or believed that) he was executing the value investing playbook. And yet, no dice. 2) Despite all this, marketing still works! You can just really be sub-par, but if you spin a good yarn, you can hang around for decades.

Really scraping the barrel with that one, Whitney. Also, funny (and accuerate) poll, RTF ;D

I think it was easier to build wealth in the 80s/90s. Lower debt levels for the average young person and better market returns. The S&P 500 averaged like 18% or so from 1981-1999. That’s a good point as well!

I hit the mark about two years ago before I bought the houses...but I'd guess it isn't the same as it was growing up in the 80s/90s. Now, you can get a useful degree and go consult for 5 years, save your cash and you're 90% of the ways there. Which is a good thing!

Bought some VZ

Just some new technology to keep in the back of your mind: https://www.cam.ac.uk/research/news/green-material-for-refrigeration-identified

https://www.sciencenews.org/article/black-hole-first-picture-event-horizon-telescope A world-spanning network of telescopes called the Event Horizon Telescope zoomed in on the supermassive monster in the galaxy M87 to create this first-ever picture of a black hole. Some more tidbits: A picture of Katie Bouman, who led the development of the algorithm which made it possible to capture the image of a black hole, at the moment when the first black hole image was processed. https://preview.redd.it/7fhncejghhr21.jpg?width=772&auto=webp&s=7129bbfe28b1ba023b901d9fd7c856b52a3fb40a And here she is giving a TED talk in 2017 about how to take a picture of a black hole: Pretty incredible!

I really appreciated the sardonic wit in mjohn707's second paragraph ;D ;D

Give yourself a long enough leash to make mistakes. Do not try to limit your mistakes - this is how you learn. And eventually the market will “educate” you.