Castanza

We've also yet to see this play out from a business operational standpoint. Plenty of companies that are utilizing AI are struggling to properly and efficiently use tokens. I think good business operators will be more important than ever. AI has made exploring new avenues easier than ever. But historically too many avenues is a drag on company performance. It will be interesting to see how this plays out but companies that lack focus struggle. A good case study on this is from the 1990s company General Magic. Some products ahead of their time, too many irons int he fire, not enough focus on the core product, too many rabbit trail features etc. I find some parallel to AI with this story as there are more and more stories of businesses not knowing what to do with AI or how to effectively apply it for positive business efficiencies. https://en.wikipedia.org/wiki/General_Magic

LOL the only one throwing insults is you "wisdom from Trumpers" (idek what that means) and the only one being offended is you. People on this forum have shown they have skin in the game and have demonstrated many times valuations are attractive in many market segments and that with a truly long-term horizon being in the market is better than sitting on a bunch of cash or t-bills earning basically nothing when sized against inflation. My problem and many others problem is you come on an "investment" forum, lambast people on here for being invested saying everyone on here is a moron because we don't read the FT, NYT etc. and that we are about to have the worst fiscal crisis in history and everything is going to zero. Yet you never disclose your position, show your returns, show how you're positioned in alternative assets etc. If you're going to talk the talk then walk the walk and let everyone know how you're positioned and how we should position. Otherwise you're just a lunatic standing on the street corner squawking. I think you've been on here three years? Only disclosed some real estate and a position in OXY often citing Vicki as a great leader (LMAO she gone) or selectively quoting Buffett while completely ignoring the fact that Berkshire is actively buying back their own shares. Are they wrong too?

Well the market has returned 119% since Jan 2020....what's your performance? My assumption is the market will continue to return ~9% annually over my lifetime. DCA is agnostic to market valuation no? Only one posting insults is you my dude...

FFH, is sub $1600 usd today. BRK and MKL were just trading near book...there are dozens upon dozens of equities mentioned on here every day that are trading at fair or cheap valuations.

The world is complex. People trying to distill advanced global economies down to some metric or equation are on a fools errand. 10k years of human history and in general we have only gone up.

Yup same for me...it seems every young investor first getting into the game goes through this progression. If I would have just gone with buy and hold when I first started I would have been wealthier today that I am currently. Example: I had 1k shares of AMD with a cost basis of $8 and 500 shares of NVDA with a cost basis somewhere in the 30's. I sold both for doubles but missed out on massive gains. I wanted investing to feel exciting and I got into listening to the market experts making calls and different podcasts like The Motley Fool etc. You become a borderline conspiracy theorist when you start making big market calls and listening to all these doomers. You're better off DCAing and making your 401k, Roth IRA, HSA and throwing anything else you have into a brokerage and real estate while keeping your personal finances in check.

Yes, that's what history teaches. DCA with doing nothing is the single most effective investment strategy. If you spend 5 years sitting the market out and miss out on standard market returns you need to perfectly time roughly a 50% drawdown and go all in at that exact moment simply to get back to PAR. Good luck with that.

Who gives a shit lol Are you an economist or an investor?!

This is the way...own good companies and buy what's on sale. I never understood the extreme self limitation on position sizing for companies you have conviction in (taking the liberty in assuming your percentages could change IF any one of those goes on a big discount). This is the exact portfolio I have in my non-trading accounts. Although I count my 401k and I only recently added MKL on this current draw down. Closer to 40% FFH, 20% BRK, 10% MKL, 25% SPY and 5% Cash.

BRO, AJG, FFH

Have not seen either of these. Thanks for sharing

Nobody? I think you’re way tf off on that. 60% of people live within 10 miles of where they grew up. 80% within 100 miles. 27% of Gen Z moved from their hometown to urban areas after college. This is the highest it’s ever been. And yet still 47% of people consider moving back towards home towns once they make that move. Also wound we be hearing all this groaning about unaffordable housing from people that n their late 20s and early 30s if everyone was moving to big cities to rent shoe boxes? Nah. I think the real cycle is smaller less congested areas are getting better amenities. Travel is easier, remote work is a thing etc. it’s providing more nad more options. NYC, LA etc will always have their draw. They are irreplaceable for sure…but lots of mid and small tier cities are on the up and up along with boroughs and suburbs just outside.

NTDOY....

The world is financed by treasuries. That ain't changing anytime soon. I fail to see how your USD cash, Treasuries, and Real Estate are any more safe than equities with your doomsday framework in mind? The government will have to save your ass one way or another....otherwise they will inflate the Hell out of your dollars, toss your IOUs in the trash and take your property when you can't afford the taxes.... And what the f%&^ are you getting by holding cash and bonds lmao?!? 1% in real terms if you're lucky? Someone could buy equities only at market tops historically and they would be better off than you.

- Focus on your family - Focus on your health - Focus on your career - Have yearly personal finances in order (emergency fund, debt reduction, manageable living expenses) - Invest (index....just get as much as you can in there as often as you can as early as you can) - Shift funds to individual stocks as you find opportunities - Assess time spent on individual stocks / quality of family life / career advancement / other relationships and activities you enjoy - Make adjustments based on how you feel about time sunk into one vs the other (this can change as you go through seasons of life...nothing wrong with that)

lmao What are you riding these days?

Nice! Those a very solid bikes! Also impressed you're rolling with the non- e-mtb version . I haven't been mtbing for about 10 years (used to all the time) but my 2 year old son has been crazy into biking so I picked up a Scott Spark 960 on sale and one of those Kids Ride Shotgun seats....been an absolute blast on XC trails with him. Although, on those climbs I wish I had a e-bike lol 35 extra pounds on the front certainly doesn't make it easy Anyways thanks for entertaining the rabbit trail...back to insurance!

What bike are you riding these days?

Close only counts in horseshoes and hand grenades....how much money have you left on the table since then?

There are some issues no doubt, but you cannot continue to try and put a square peg in a round hole. The young that choose to recognize the world is changing and adapt their order of operations to the traditional approach of going from adolescence to being a successful productive adult. Housing, Education and Labor Markets (jobs) are not guarantees. Nobody owes you any of those things because you took out 100k is student loans. You're covered by your parents healthcare until you're what 26? If you're not getting life figured out by then well I'd argue that it's your fault. Things are difficult no doubt. I would argue for the younger generation (which I am a part of) a difference between what our generation faces and say boomers is that necessities are expensive and luxuries are cheap. This creates multiple hurdles and also requires a higher degree of personal financial responsibility. The sooner you learn "nobody is coming to save you" the better off you will be. There are plenty of great options to become successful out there but the fact is people (youth) are really clinging hard to the traditional cushy route of (HS, College, Party, Gap Years, Vacations, Entry level high paying Job, New Car, Expensive Apartments). Perhaps people need to re-evaluate what your 20's is supposed to be about and come back to the historical view that your 20's is for grinding now just partying. I keep hearing that the American Dream is Dead! Bullshit! The American Dream has always been earned through blood sweat and tears. Your Grandparents 20's would make the "tough conditions" today seem like a goddamn dream.

longerminvestor posted this a few pages back. Good summary of what's going on. https://www.linkedin.com/pulse/naughty-very-nice-brandon-schuh-mjs1c/

FFH, NTDOY

NTDOY, FFH, MKL, HEI/A, AJG, BRO

Congratulations! We just welcomed our second into the world on April 20th as well so I'm right there with you haha. Advice for for the long nights...."They aren't giving you a hard time, they're having a hard time." Remember that when you're frustrated and exhausted...Otherwise welcome to the circus!

Alcohol