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How much do you know about financial independence?

April 28, 2021, 1:41 p.m.
Posts: 12864
Joined: Jan. 27, 2003

I bought two ethereum coins a month ago. I'll give ya'll an update in six months.

April 28, 2021, 10:44 p.m.
Posts: 18134
Joined: Oct. 28, 2003

Posted by: Fast-Orange

I bought two ethereum coins a month ago. I'll give ya'll an update in six months.

March 27-29 2021: ETH-USD $1700-1800, call it $1750 each

VTI : $206 plus a 1.37% yield:  17 shares instead of two coins

We’ll see in ten years.   I’m honestly curious.

April 29, 2021, 7:21 a.m.
Posts: 12864
Joined: Jan. 27, 2003

Posted by: heckler

Posted by: Fast-Orange

I bought two ethereum coins a month ago. I'll give ya'll an update in six months.

March 27-29 2021: ETH-USD $1700-1800, call it $1750 each

VTI : $206 plus a 1.37% yield: 17 shares instead of two coins

We’ll see in ten years. I’m honestly curious.

I'm curious too. I guess it all comes down to if you think crypto is here to stay or not.

In the last month I've seen similar gains to what I would have gotten holding VTI for a year.


 Last edited by: Fast-Orange on April 29, 2021, 7:36 a.m., edited 1 time in total.
April 29, 2021, 8:42 a.m.
Posts: 15237
Joined: Nov. 20, 2002

I think any of it is like a mining stock from the old VSE days get in/ get out make real money

but no way do i think its a currencey cuz its just too volitile which btw is also how you make the $$$

if you can't tell who the patsy is in the poker game

its you

April 29, 2021, 8:49 a.m.
Posts: 206
Joined: June 17, 2016

Still sticking to the game plan of saving around 50% and putting everything into an aggressive couch potato portfolio (Vanguard ETFs and TD e-series mutual funds). My partner is on board too. We did the math recently and things are looking good.

April 29, 2021, 9:10 a.m.
Posts: 12864
Joined: Jan. 27, 2003

Posted by: XXX_er

I think any of it is like a mining stock from the old VSE days get in/ get out make real money

but no way do i think its a currencey cuz its just too volitile which btw is also how you make the $$$

if you can't tell who the patsy is in the poker game

its you

Seems the only people that have lost buying ether or bitcoin since their existence are people who didn't hodl. Long term these assets have only moved in one direction the dips are just scarier.

April 29, 2021, 10:17 a.m.
Posts: 18134
Joined: Oct. 28, 2003

It all comes down to if ETH is here to stay or not for your $3500...  Doesn't matter what you think will happen.  

I'm very certain most of the 3755 businesses in VTI will still be around, and the ones that die will get replaced with others.  Average and boring, I know.   I've never laid a chip on a gambling table either.

April 29, 2021, 11:14 a.m.
Posts: 15237
Joined: Nov. 20, 2002

you can make money on bitcoin, just like you can make money on all kinds of investments, what I object to is calling it a currency

so ride it up,  get out at the right time  and let someone else take the fall

April 29, 2021, 12:02 p.m.
Posts: 12864
Joined: Jan. 27, 2003

Posted by: XXX_er

you can make money on bitcoin, just like you can make money on all kinds of investments, what I object to is calling it a currency

so ride it up,  get out at the right time  and let someone else take the fall

From my limited understanding it's not so much about the coins themselves. It's about the potential the technologies built around them have in areas like supply chain management, easy movement of capital and authentication. 

But then again I'm the intellectual equivelant of someone who eats crayons for fun so i might just be totally delusional.

April 29, 2021, 12:26 p.m.
Posts: 1681
Joined: Aug. 6, 2009

Posted by: Fast-Orange

From my limited understanding it's not so much about the coins themselves. It's about the potential the technologies built around them have in areas like supply chain management, easy movement of capital and authentication.

In theory, yes, but instead people are creating crazy things like NFT sports trading cards, art, etc., further fueling speculative behaviour.


 Last edited by: PaulB on April 29, 2021, 12:26 p.m., edited 1 time in total.
April 29, 2021, 12:29 p.m.
Posts: 11546
Joined: June 29, 2006

Posted by: Fast-Orange

Posted by: XXX_er

you can make money on bitcoin, just like you can make money on all kinds of investments, what I object to is calling it a currency

so ride it up,  get out at the right time  and let someone else take the fall

From my limited understanding it's not so much about the coins themselves. It's about the potential the technologies built around them have in areas like supply chain management, easy movement of capital and authentication. 

But then again I'm the intellectual equivelant of someone who eats crayons for fun so i might just be totally delusional.

Bitcoin was the first, but when it comes to the tech it is not the best.  I am just a casual observer and I wish all of you investors the best, but it seems like a risky ride to me.  Having said that, it is doing far better than I ever imagined.

May 10, 2021, 10:58 a.m.
Posts: 3651
Joined: May 23, 2006

ze german and a kiwi

https://www.counterpunch.org/2021/05/10/the-structure-of-wealth-and-the-global-money-making-apparatus/

May 14, 2021, 8:31 p.m.
Posts: 15237
Joined: Nov. 20, 2002

Posted by: Fast-Orange

Posted by: XXX_er

you can make money on bitcoin, just like you can make money on all kinds of investments, what I object to is calling it a currency

so ride it up,  get out at the right time  and let someone else take the fall

From my limited understanding it's not so much about the coins themselves. It's about the potential the technologies built around them have in areas like supply chain management, easy movement of capital and authentication. 

But then again I'm the intellectual equivelant of someone who eats crayons for fun so i might just be totally delusional.

Buy low sell high, the game hasn't changed

May 17, 2021, 8:33 a.m.
Posts: 16707
Joined: Nov. 20, 2002

Or sell low buy high.

Or build an options straddle across the strike price.

Or buy LEAPS call options and sell before expiry.

Or 

Or

Or ...

May 17, 2021, 9:43 a.m.
Posts: 206
Joined: June 17, 2016

I just buy every month and hold. Index funds that is.

We just ran some numbers to see how much we'll need to be able to live off our investments. One of the things I discovered is that with some strategic withdrawing, we could be paying close to zero taxes once we reach that stage. How strange is that?

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