Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Demonpenz]

things you own end up owning you

[ghak99]

My parents are the same way Rain Man.

You sent me down the rabbit hole...

Spoiler!

As a result, I have my grandfathers '31 coupe, my father's '69 Camero, my mother's '86 Camero, my father's '79 3/4 ton and I've added my '87 GT to the dust collection. They have been placed in my possession because they know my sister would sell them in about 9 minutes. Dad is still pissed to this day that he sold his '66 super sport back in the early '80s and the guy tore it down into pieces for a restore and never put it back together. He's retired and unable to really work on stuff, but still wants to go buy it in all of its eleventy billion pieces of glory scattered out in the guy's garage and put it all back together so it can just sit in the shed and collect dust with the rest of them.

Back when scrap was stupid high I sent two semi loads of my grandfather's old cars to be crunched. His brother owned a car dealership and every time one of the old Oldsmobiles started causing him problems he drove it in the corner of a shed or under a tree somewhere and just bought the next decent one that was traded in. Some of those cars cost him a $100 bill and lunch, so he just kept on rolling. After I sent them I realized some of those old Buicks and Oldsmobiles are actually sought after if you get into the right block of the right area of town. He invested oh so wisely in those old delta 88s and I just squandered it away.

I nearly forgot my dad's prized '87 Goldwing and now his '90 something Goldwing trike. Hey dad, why don't you sell that trike and go buy you and mom a, uh, a, well, whatever the hell you want that doesn't have wheels? You only rode it twice last summer and I'm pretty sure you scared every single person you met on the road with it, so how about it? "Na, I might ride it this summer or give it to one of the grand kids some day." Sounds great dad, can I go ahead and take it down to their place so I can get it the hell out of the shop? "Nope." And then there's the boats. An old jet boat for river fishing and an old bass tracker for crappie fishing. He hasn't fished in years, but roll those piles of small money into a, well, uh, whatever the hell he wants that doesn't have wheels and sit in a building, nope.

You sent me down the rabbit hole, so the best one yet... I have one of these ****ers that hasn't ran in close to 30 years with a bad tranny bearing in it taking up space in a building. It has some value, but talk dad into selling it? Oh hell no. He went to price cemetery plots for him and mom not too long ago and I told him to buy enough plots to park that ****ing FW30 on because that's where I'm going to put it when he's gone. At this point, I think it's some kind of weird punishment for being a pain in the ass as a kid.

[Buehler445]

LOL Ghak. Dad has grandpas D and 2 of his airplanes. That’s about the extent of the sentimental crap he has. I can’t believe you keep that under roof. Dad used to keep just a goddamned mountain of shit. Because “you might be able to make something out of that someday”. I started asking him why he built an expensive ass shop to store bullshit in? Started putting numbers on it and he got the picture.

There’s still shit around, but we’re headed the right direction.

[jdubya]

Not to drift away from the finance talk but some of these "hoarding" type stories makes me wonder what ages we are talking of. There is definitely an age group that lived through the depression or raised by those who lived through the depression that could easily explain why some folks refuse to give anything up that isnt broken.

[Buehler445]

Originally Posted by jdubya

Not to drift away from the finance talk but some of these "hoarding" type stories makes me wonder what ages we are talking of. There is definitely an age group that lived through the depression or raised by those who lived through the depression that could easily explain why some folks refuse to give anything up that isnt broken.

Dads dad was born in 16. So formative years certainly in the depression. Another aspect of dads deal is that’s how he got his start largely. Find some junk fix it and make it work for you. However I haven’t got the time to piddle.

[Rain Man]

Originally Posted by jdubya

Not to drift away from the finance talk but some of these "hoarding" type stories makes me wonder what ages we are talking of. There is definitely an age group that lived through the depression or raised by those who lived through the depression that could easily explain why some folks refuse to give anything up that isnt broken.

In my case, my parents are definitely post depression era. They came of age in the boom times of the late 50s and 60s, so they've got no excuse other than maybe being from a poor rural area where it was traditional to have yards full of junk. But their siblings aren't hoarders, so there's something else going on besides their life experience.

It's really unfortunate. They live in about 250 square feet in their house because there are piles of things everywhere, most of which has no value, and they spend money on places to store other stuff that has no real value. Their lives would be so much better if we could take a month and haul it all off, but they're adamantly protective of it.

[philfree]

I started buying stocks on 3-11 and since then I've bought into about 30 different holdings. I'm up 30% on those investments. I want these to be long term investments so I feel good about it. If things go well by the time Trump gets re-elected the Dow 30 will hit 30,000. and I'll be up at least 50% overall on my investments. I still have lots of dry powder too so the options are limitless. I hate to follow the herd so I don't own FB or AMZN although I do own some APPL. I wish I had bought some FB and AMZN. I still might because they will most likely just keep going up.

[Rain Man]

Originally Posted by ghak99

My parents are the same way Rain Man.

You sent me down the rabbit hole...

I guess in a pinch you could live in that farm equipment.

[Rain Man]

Originally Posted by philfree

I started buying stocks on 3-11 and since then I've bought into about 30 different holdings. I'm up 30% on those investments. I want these to be long term investments so I feel good about it. If things go well by the time Trump gets re-elected the Dow 30 will hit 30,000. and I'll be up at least 50% overall on my investments. I still have lots of dry powder too so the options are limitless. I hate to follow the herd so I don't own FB or AMZN although I do own some APPL. I wish I had bought some FB and AMZN. I still might because they will most likely just keep going up.

That's good timing to start buying.

I'd be a very happy man if the Dow hits 30,000 this year.

[jdubya]

Originally Posted by Rain Man

In my case, my parents are definitely post depression era. They came of age in the boom times of the late 50s and 60s, so they've got no excuse other than maybe being from a poor rural area where it was traditional to have yards full of junk. But their siblings aren't hoarders, so there's something else going on besides their life experience.

It's really unfortunate. They live in about 250 square feet in their house because there are piles of things everywhere, most of which has no value, and they spend money on places to store other stuff that has no real value. Their lives would be so much better if we could take a month and haul it all off, but they're adamantly protective of it.

Ya. I have seen people who have a great deal of clutter because they cant throw away anything that "still works" versus acute psychological issues where you cant even see the floor of a house because every square inch is holding stacks of trash, newspapers, boxes of pure junk. The latter have some serious issues.

[lewdog]

Originally Posted by philfree

I started buying stocks on 3-11 and since then I've bought into about 30 different holdings. I'm up 30% on those investments. I want these to be long term investments so I feel good about it. If things go well by the time Trump gets re-elected the Dow 30 will hit 30,000. and I'll be up at least 50% overall on my investments. I still have lots of dry powder too so the options are limitless. I hate to follow the herd so I don't own FB or AMZN although I do own some APPL. I wish I had bought some FB and AMZN. I still might because they will most likely just keep going up.

Just starts buying stocks and thinks those gains are standard.

Lulz

[philfree]

Originally Posted by lewdog

Just starts buying stocks and thinks those gains are standard.

Lulz

WTF are you talking about?

[ghak99]

Originally Posted by jdubya

Not to drift away from the finance talk but some of these "hoarding" type stories makes me wonder what ages we are talking of. There is definitely an age group that lived through the depression or raised by those who lived through the depression that could easily explain why some folks refuse to give anything up that isnt broken.

That's basically what it is here, but it's compounded by Agricultural issues.

The depression era scarred the hell out of them as kids and then the '80s ag issues drove a dagger in the next generation. I remember the sheriff knocking on the door to serve papers and the repossessions when I was just a kid. It really seems like each generation has had to live off dirt and whatever they could cobble together at least once in their life in order for the next generation to experience going broke and digging there way out of it again. Those things scar the hell out of people.

On my mom's side they don't have the Ag issues to compound it, but my grandmother still has little toys for my nieces and nephew to play with from the and 70s that my mom and her brothers played with. She grew up dirt poor and then raised her base traveling navy brat kids thinking ketchup sandwiches and hotdog spaghetti was a normal thing. My uncle still eats the damn things. Her hoarding is cash money and keeping every single thing she does pay money for. She's going to go to her grave very simple and fairly wealthy because of her own life experiences.

I'm sure there have been some studies done on how all of this affects my generation and our willingness to save and invest, or not.

[philfree]

Originally Posted by lewdog

Just starts buying stocks and thinks those gains are standard.

Lulz

I think you know way more about investing then I do but you kind of shot off your mouth. I've owned stocks before and I've had a 401 K for decades. I sold my stocks back when the market was so volatile that I wasn't comfortable with it and then they just kept going up so it was a big mistake on my part to sell. This years circumstances gave me a good entry point to get back in so I did. It's making up for my previous bad decision making.

LULZ-Derp!

[lewdog]

Originally Posted by philfree

I think you know way more about investing then I do but you kind of shot off your mouth. I've owned stocks before and I've had a 401 K for decades. I sold my stocks back when the market was so volatile that I wasn't comfortable with it and then they just kept going up so it was a big mistake on my part to sell. This years circumstances gave me a good entry point to get back in so I did. It's making up for my previous bad decision making.

LULZ-Derp!

“Started buying stocks” was pretty vague on your part. My apologies.

If you were in cash and then bought at the beginning of March, your timing was pretty awesome.

Congrats.