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  1. Rivian stock

    Gettin' awful close to that $10 valuation

  2. Need info on SPAC "Special Purpose Acquisition Company". Found one that surged and then dropped by 50%

    At least you get the tax write-off

  3. Need info on SPAC "Special Purpose Acquisition Company". Found one that surged and then dropped by 50%

    This does not constitute investment advice. I am not a financial advisor, nor do I play one in a movie or even in my own imagination. 10 seconds of Googling got me this...
  4.

    How we think about money

    I guess I'll have to concede that you're just not looking at the US economy the way that I am. I have no special insight as an economist, but I can see that people are having to make ends meet in a country where everything costs more than it did last year, but they're typically not being paid...
  5.

    How we think about money

    "I can't do it" is conditional on a couple of factors that many young people are in no control of nowadays. One of these is property prices themselves and another is interest rates. If a buyer RIGHT NOW stretches himself and buys at the limit of his budget, he's in for a world of hurt when real...
  6.

    How we think about money

    The days of becoming a millionaire by crippling yourself with real-estate debt are largely over. Unless you started as a multi-millionaire. While living in an economy where the taxpayer subsidizes your first house purchase, and a pre-programmed 'target' annual inflation chips away at your debt...
  7.

    How we think about money

    I'm the same way with shooting!
  8.

    How we think about money

    There's a book out there that's been around for a while - "The Millionaire Next Door" by Thomas Stanley - that has some good ideas in it. One of them - probably not SUCH good advice - was that you should buy a car by weight. Thus, a Lincoln Continental is a better purchase than an...

  9. Help/ guidance needed. Career change. (It got worse, more in comments)

    Look at it as a message - time to get more serious about getting out of that role.

  10. What are you buying on sale?

    Economics is primarily a study of human behavior. Human behavior is notoriously resistant to (and largely ignorant of) "New Paradigms". People will do what they do in pursuit of personal advantage. One reason to not go expat is that while it may "get bad" here, it'll get at least as bad...

  11. What are you buying on sale?

    Buffett is completely right. What he neglects to add is that unlike Buffett, the public has no mechanism for influencing government policy.

  12. What are you buying on sale?

    The 'someones' who are in a position to make money when other people are losing money tend to be people with connections and access to investment opportunities which you're not allowed to participate in. The SEC (in the USA obviously) typically ensures that unless you have the kind of deep...
  13.

    Thinking about buying a pallet of 12/2 Romex

    If you're not concerned about a "WW3 Scenario", it's really unlikely that you're going to have someone turning up at your door demanding something you purchased legally to be surrendered. What we CAN expect for at least the next 4 or 5 years is ammunition being in shorter supply and potentially...
  14.

    Thinking about buying a pallet of 12/2 Romex

    I think copper might be a useful PART of a future-proof portfolio. I think ammunition is probably a better investment. It'll be easier to trade, just as easy to store, and in the same way as Romex, it's a finished product which holds a higher value than the constituent metals. And that's not an...
  15.

    Thinking about buying a pallet of 12/2 Romex

    It really depends on your investment horizon. If you're talking about buying some physical assets as an inflation hedge for the next 10 years, @Dan Muk's idea makes sense. If you're talking further out, assuming the value of those assets grows great enough, you have to factor in the cost of...
  16.

    And so it begins

    https://fortune.com/2023/03/10/silicon-valley-bank-svb-short-seller-william-martin-twitter-2-months/

  17. Very concerning call today…..

    In general, they tend to be. They're typically far less leveraged, and typically don't invest in such exotic instruments as banks - particularly mid-market banks who want to climb up the asset rankings. While they aren't insured by the FDIC, they are covered by their own insurer, NCUA.
  18.

    And so it begins

    Repeat, but ...
  19.

    And so it begins

    They certain run lower debt::asset ratios.
  20.

    And so it begins

    Sure - that would be true if I stuffed my $250k under the mattress. A run on a bank and further panic in financial markets would be my signal to go out and invest that money that I had just withdrawn from the bank into something tangible that would not lose value.
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