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09-13-2021, 07:17 PM | #11386 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $464734
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Quote:
I probably ****ed that up on the test in school too. My bad. Disregard the bond fund shit. EDIT: Obviously I'm not doing the bond fund shit. |
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Posts: 57,997
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09-13-2021, 07:41 PM | #11387 |
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Join Date: Jan 2009
Casino cash: $635743
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Jesus . I had 8~10 months worth and I thought I was overdoing it. I lowered it to probably 3 months worth and bought into some ETFs with the rest.
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Posts: 64,442
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09-13-2021, 07:51 PM | #11388 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $81900
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Quote:
I could probably do less too given my career stability is very good. If I got laid off tomorrow I could find a job the same day. If you won't lose your source of income for long, you can get away with less in emergency savings. I also believe in keeping an standard emergency fund, not in stocks, because I don't believe in short term disability and will never pay for it. It's a waste of money for people who have a standard emergency savings plan. Quote:
Are you really suggesting that you can easily get 25% gains on your stocks every year? Many new investors who started in 2021 are currently negative YTD with risky stock plays. |
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Posts: 46,133
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09-14-2021, 07:56 AM | #11389 |
Prestige Worldwide
Join Date: Jan 2009
Location: Spring Hill, KS
Casino cash: $1610526
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Hi friends.
What's going to the moon this week?
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Adopt-A-Chief: John Dorsey
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Posts: 18,467
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09-14-2021, 08:53 AM | #11390 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1468491
VARSITY
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Quote:
Of course, if there's a crash it's not going to be a good thing. But I'm one of those people who gets antsy just watching money sit around. I had a dedicated emergency fund, and then after a few months I put it into some ultraconservative defensive fund, and then after a few more months I bought a little bit of stock with it, and now it's just another stock account for me. However, I keep a decent amount of cash in my checking account just because I don't like juggling money between accounts, and I have a rule to keep at least five percent cash in my stock trading account, so all in all I do have an emergency fund. It's just not a dedicated account.
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Active fan of the greatest team in NFL history. |
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Posts: 143,119
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09-14-2021, 09:25 AM | #11391 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $464734
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Got out of Disney. I got in thinking they were an underrated Covid play, but that's probably played out by now. Tagged resistance and couldn't get through it so I pulled the Chute.
I also pulled the chute on ****ing Chevron like I should have done before. Yay red! |
Posts: 57,997
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09-14-2021, 09:53 AM | #11392 |
MVP
Join Date: Aug 2000
Location: Lee's Summit
Casino cash: $4721637
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Friend told me about VISM (penny stock) a little more than a month ago. Up 88% since purchase. it's a LONG term play with possible $5/ share in the future. Throw a little money at it and do the 2 year challenge of not even looking at it.
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Posts: 8,290
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09-14-2021, 10:54 AM | #11393 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $921110
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I got my cigar, booze, gambling, restaurant and escort fund.
Does that count?
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
Posts: 52,651
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09-14-2021, 11:13 AM | #11394 |
MVP
Join Date: Mar 2019
Location: KC
Casino cash: $3550400
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Posts: 7,569
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09-14-2021, 03:47 PM | #11395 | ||
Grand champ
Join Date: Sep 2007
Casino cash: $232369
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Quote:
Quote:
Totally off topic, but I don't understand how anyone out there without children can't support themselves. |
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Posts: 45,519
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09-14-2021, 04:48 PM | #11396 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7264386
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Barring a disability, they can. Many are either just too lazy to or are completely clueless on how to manage money and prefer instant gratification to living comfortably within their means. The increase of entitlement attitude also plays a big role and recent government handouts has only made it worse.
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Posts: 11,434
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09-14-2021, 05:18 PM | #11397 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $81900
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Quote:
Quote:
And on the flip side if you are having kids, it is actually rationale to limit the size of your family based on income. People who have 5 kids and then bitch about having low paying jobs and inability to pay their bills made that decision themselves! We are choosing to have 1 child and a large part of that decision is financial. |
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Posts: 46,133
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09-14-2021, 06:03 PM | #11398 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $464734
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Quote:
Actually the incremental cost of another child is less than I anticipated. On the money side anyway, the time side....not so much - if you're parenting in the manner in which we want to parent. |
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Posts: 57,997
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09-15-2021, 07:27 AM | #11399 |
Chiefn' It
Join Date: Jan 2009
Location: IndepMo
Casino cash: $7885142
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IPO for ARBK (Argo Blockchain) coming soon. Anyone have any thoughts on this large-scale Bitcoin mining company?
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Posts: 1,487
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09-15-2021, 07:42 AM | #11400 |
MVP
Join Date: Mar 2019
Location: KC
Casino cash: $3550400
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Posts: 7,569
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