rkbabang

Dow, 30,000 by 2008" Why It's Different This Time https://smile.amazon.com/Dow-2008-Different-This-Time/dp/1893958701

This pretty much. Also, let me go with a personal anecdote that shows how complicated things are. My commute is about 20 min roundtrip (10 min one way) assuming not horrible traffic. OP scenario does not apply to me since I was already working from office 3 times a week and likely going to go back to the same after Covid. Actually, my situation is closer to 5 days commute that won't become 3 days commute: we also go to Tai Chi classes 1-2 times a week which is 30-40 minutes roundtrip. And occasionally some other trips with similar roundtrip times. Now, can I get something way better by adding 10 minutes one way? The answer is pretty much "No". The answer is doubly "no" if you take traffic into account, since 10 minutes one way is ~2 miles in traffic. But even if you assume no traffic, 10 minutes one way is below 10 miles or so. And 10 miles does not give you huge upgrade in Boston area. Especially if you start accounting for conveniences like keeping your doctor, having good restaurants nearby, etc. BTW, IMO OP overestimates cheap availability of land/water. If you want a lot of land, it's likely going to be away from freeway and streets add way more commute time than freeway. Water, especially desirable water, is very expensive. I doubt I'd be able to get the same house on the coast for cheaper if I went out 1hr roundtrip (that's 30 minutes one way). It's anecdotal, but I've looked at places for fun when we were going out with friends and "land+water" or just "land" in desirable small towns out 1hr roundtrip costs as much if not more than my house. So pretty much what rb said. 8) But you already have a house near doctors and restaurants that you already frequent, sure you are unlikely to pack up and move. But for new employees moving to the area a 50%+ WFH option widens the area for house hunting significantly. Giving them a greater chance of finding something that more perfectly fits their wants/needs.

"Yes the universe is probably a computer program..." https://www.smbc-comics.com/comic/program-2

This question is pretty relevant for me. I had about a 30min commute at the place I've been working for the past 9 years or so. My company was bought out by another company a few years ago (happened to be the company I used to work for, I guess they just needed me back at any cost). Anyway, they are in the process of building another few buildings on their main campus and will be closing my building in a year or two. So my commute was going to go from 30min to about an hour. My wife and I were contemplating selling our home when that happens and moving closer to my work. Then COVID happened and I am working from home along with almost everyone else. It looks like the company is going to be more open to working from home most of the time even post-crisis, so if I can work from home at least half the time (hopefully more) then I am definitely going to stay where I am. We like our house and our town and did not look forward to needing to move.

I don't doubt it. Musk is no rocket scientist, but he doesn't have to be. There are different types of genius. I'm sure your incredibly smart friend couldn't run a multibillion dollar company, never mind a couple of them.

In a nutshell. That is the company culture at these places and it will not change. As long as lucrative contracts keep coming their way and the government keeps shoveling taxpayers money in their direction they have no reason to change. Fast forward 10 or 20 years these companies, if they still exist, will still be overpromising and underdelivering while SpaceX will have its own colonies on Mars.

I think what SpaceX has done is exceptional. I also think BA and LMT can just sit back and wait to see how it's done and then step in and replicate with economies of scale without sinking few $Bs. Yes, just like GM and Ford can just replicate what Tesla has done and replicate with economies of scale without sinking few $Bs. I'll believe it when I see it. My guess is that corporate culture will make this impossible and it will never happen.

Maybe because of Musk's assassins and saboteurs?

People feel disenfranchised when the way to wealth is politics/nepotism/force/violence rather than a free market with reasonably close to equal opportunity.

No problem, Those links should be more prominent. I think they go unnoticed by a lot of people.

Why does anyone go to the opening screen of this site? It is the least useful way to view the site even if there are no political posts. At the top left of the page right near your picture you will see "Hello <YOUR USER NAME> Show unread posts since last visit. Show new replies to your posts." You can see the topics containing all of the unread posts since you last came to the site or just the topics you've participated in with new posts. Then you can click on only the topics that you are interested in. The opening screen is just a jumble of the last few posts without arranging them into topics.

Sure. And even when someone's success is obviously mostly skill, like say Bezos, people like Bernie will still pretend that it was all luck. Sure there is some luck involved, Bezos was lucky to be born in the US where he could use his intelligence and skill set to create Amazon and turn it into what it has become. He probably wouldn't have been able to do that if he were born in Siberia or Europe. It would have been much harder for him to build Amazon in Paris in the mid-90s instead of Seattle. So some people are incredibly lucky to either have been born in, or to have found their way to, a place where they can use their skills to build incredible amounts of wealth for themselves and society. It's a shame that more such places don't exist and that so many want to kill the ones that do.

So then why isn't Canada a hellhole with no talent? Not to mention that there's been a lot of talent that leaves the US for Canada because they have a certain feeling that "they're not welcome" there or that they're actually told to leave. Right rb, because things are black and white. Either the US does not benefit at all from talent coming from Canada or every talented Canadian runs to the US leaving Canada a complete hellhole with no talent. EDIT: Interestingly I was just reading a post on this board yesterday (I forgot which topic else I'd have linked to it) that all the Canadian tech ETFs hold the same 10-15 companies and there is a huge demand for more mid-large cap tech companies to invest in. The US tech ETFs don't have that problem.

"Grayscale's bitcoin trust saw cumulative inflows through October, whereas gold exchange-traded funds (ETFs) saw "modest outflows" since mid-October. "This contrast lends support to the idea that some investors that previously invested in gold ETFs such as family offices, may be looking at bitcoin as an alternative to gold" https://www.theblockcrypto.com/linked/84001/jpmorgan-bitcoin-gold-institutional-investors-gbtc

If you figure out a way that I can transport a few $B of them easily, safely, and anonymously by myself across borders and through airports anywhere in the world, sure we'll start calling them p-crypto.

No position, but I've been looking at MITK. Identity verification and direct deposit of checks software for mobile banking. Tiny company with a steady double digit growth rate.

There s a good saying, "if it drives, flies, floats, or fucks, rent it"... That said, I totally agree with rkbabang as a boat owner. Expensive, but totally worth it. Buddy of mine says that BOAT stands for Bust Out Another Thousand! Get a used sailboat from the 70s or 80s. Someone else owned it through the steep part of the depreciation curve. They're the cigar butts of the boating world. If you really want to be frugal you can buy one for not much more than the scrap value of the lead keel. Of course then you need to learn how to sail. I bought a 2007 Sea-Doo Utopia jetboat. 20' bowrider with dual 155hp engines and the best part for lake boating: no prop to damage. Floats in just over a foot of water.

There s a good saying, "if it drives, flies, floats, or fucks, rent it"... That said, I totally agree with rkbabang as a boat owner. Expensive, but totally worth it. Maybe from a money point of view, but the only thing on that list that I rent are things that fly. Sometimes it's better to own.

Highly recommended. I bought one in October of 2019. It has been a godsend. My wife and I spent just about all our free time out on Lake Winnipesaukee this spring, summer, and fall. A boat is great for social distancing. Also in case Biden gets any crazy gun control passed I lost all of my guns in a tragic boating incident this past summer.

This may be true, but I'm not a young person (most on this board aren't). I already know how to code. This advice can be given to someone thinking of investing in anything. If you are a young person, invest in acquiring skills first and foremost, but this is an investment board not a career advice board for young people.

Similar to me. I looked in to Bitcoin when it was below $1 when people were talking about it on the anarchist boards and the only place to buy it online was mtgox. I looked into it, but thought that wiring money to mtgox sounded sketchy. I never did anything until it went up over $1k in 2013 then back down. By then there was other ways to buy it, so I started buying at under $200 and even got some under $100. I put in about a 2% position back then, then I created a coinbase account and setup a $30 every 2 weeks auto-buy which has been going for all these years through the ups and downs. I've never sold any at all. I wish I had wired $5k-$10 to mtgox back when it was around $1 then transferred it to a private wallet. But oh well, that will be forever the one that got away. :(

mybookie.ag A few caveats...1) daily wire limit is only $2,500. 2) Its an offshore based operation so you effectively have no recourse should they try to screw you. The limits on $ in a way for me are to remind myself that obviously its still gambling(not best use of money) and also to only screw around with insignificant sums in the event there is an issue with #2. I've looked at some of the legal operations that have sprouted up in past few years but dont think they make a huge difference. I tried FanDuel but kept running into issues where they couldn't verify locations and wouldn't allow bets. I also dont gamble a lot. Maybe a half dozen events in the last 10-15 years. The name "mybookie" is also another reminder that it is gambling I think. Sounds like fun with small amounts though.

NH has been swamped with people moving from liberal states like MA. I've watched the town I live in turn from solidly red 10 years ago to purple to blue. It's frustrating to say the least. They flee the states they've destroyed only to destroy their new states in the same way. They are like a plague of locusts constantly destroying then looking for a new fertile field. Ex-CA residents are in the process of doing this to TX as we speak.

+1, in 2016 I did a lot of pre-election selling and held a larger than normal cash position. I believed the polls that Hillary was going to win. I'm not good at making macro bets based on political elections, I'm not good at macro bets at all. No more election driven investment decisions for me. I don't know who will win or what will happen to stocks if they do.

I've already said teaching kids about sex at 5 yrs old is beyond insane, but I don't think you can convert a straight person to be gay anymore than you can convert a gay person to be straight. Ask yourself what would convince you to enjoy having sex with the gender that you are not attracted to? If, as was said above, that Republicans are anti LGBQT, isn't it a good question to ask why? Why would a political party feel the need to dictate how people live and who they decide to have sex with? And maybe they deserve to lose those votes until they can learn to mind their own business and let people live the way they want.