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Search took 0.00 seconds. Search: Posts Made By: a64pilot
Forum: Liveaboard's Forum 01-01-2020, 20:03
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

Ferret it away doesn’t mean pull it out of investments, what it means is do not decide the market is doing so well that my lifestyle hasn’t cost much, so it’s time to increase my lifestyle and spend...
Forum: Liveaboard's Forum 22-12-2019, 09:12
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

No but if you believe the market is cyclical, then you don’t spend the money you make in good times, you ferret it away, cause your going to need it to get through the bad times.
You seem to not...
Forum: Liveaboard's Forum 22-12-2019, 05:49
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

You I assume are of the opinion that the current situation will continue, that good times are the norm.
People thought that in the 20’s too. Of course internet stocks were always going to increase...
Forum: Liveaboard's Forum 21-12-2019, 18:31
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Dam

I understand that, and it’s why I didn’t plan on ever getting SS in my planning, will I? I certainly hope so, but I can live without it, I’m doing so now in fact. But no SS and no Military pension...
Forum: Liveaboard's Forum 21-12-2019, 12:53
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Dam

I’d say that depends, and what it depends on is your ability to find some kind of work. Oftentimes those places you speak of have no use for a foreigner, especially one trying to find work.

Even...
Forum: Liveaboard's Forum 21-12-2019, 12:46
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

Actually I believe if you look back historically, a good place to have money in stocks if it hits the fan is the liquor and beer industry it seems in hard times people find the money to drink.
That...
Forum: Liveaboard's Forum 21-12-2019, 12:42
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Dam

Sure, but if your life’s savings were to evaporate, it’s going to be tough, because I don’t care who you are, you need to buy things.

My plan and I hope it’s sound is to have only about half of my...
Forum: Liveaboard's Forum 20-12-2019, 18:08
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

Being a total non expert when it comes to money, my personal belief is that no one really knows what is going to happen because there is simply no historical precedent, it’s never run this long...
Forum: Liveaboard's Forum 28-11-2019, 07:47
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

I see that now.
Forum: Liveaboard's Forum 28-11-2019, 07:01
Replies: 542
Views: 55,269
Posted By a64pilot
Budget Be Damned

It’s really not, or at least not anymore, the US and I’d suppose the world has very many second and maybe even third generation very wealthy people, who actually do nothing at all, but apparently...
Forum: Liveaboard's Forum 27-11-2019, 15:29
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

Think maybe China caving on the trade thing may have had something to do with it?
Forum: Liveaboard's Forum 27-11-2019, 14:58
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

Don’t jinx it
Forum: Liveaboard's Forum 17-11-2019, 13:05
Replies: 542
Views: 55,269
Posted By a64pilot
Budget Be Damned

How about instead of spending those earnings cash them out and have cash to ride out the downturn?
I have two years of cash, I believe I’m getting 3% or so from it too, so it’s not a total loss, but...
Forum: Liveaboard's Forum 17-11-2019, 07:02
Replies: 542
Views: 55,269
Posted By a64pilot
Budget Be Damned

You know in all honesty something similar to that is said about every single big drop I’ve ever witnessed, from the .com fiasco to the housing market, every single time those with an interest in...
Forum: Liveaboard's Forum 17-11-2019, 05:40
Replies: 542
Views: 55,269
Posted By a64pilot
Budget Be Damned

I believe that pretty realistic, the 4% rule which a great many say is too simplistic is based I believe on a 30 yr Retirement planning, meaning at 30 yrs, your broke.
As I Retired early and we are...
Forum: Liveaboard's Forum 17-11-2019, 05:10
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

You have to factor in inflation of course when you run your numbers.
Now I’m no expert by any means but that may be one reason why drawing 4% or less is considered a safe number.
If your getting 8%...
Forum: Liveaboard's Forum 16-11-2019, 18:41
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

That is my thought as well. And to explain why it’s possible for me to not, is I can imagine if things get bad that the feds won’t pay Military Retirement and SS, even though of course the whole time...
Forum: Liveaboard's Forum 16-11-2019, 18:32
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

It certainly doesn’t “bug” me, in fact I was giving you some credit believe it or not, having SS as a safety net makes risky decisions, less risky.
Gives you a plan B.
Forum: Liveaboard's Forum 16-11-2019, 17:06
Replies: 542
Views: 55,269
Posted By a64pilot
Re: Budget Be Damned

No, I don’t think it is, however I hope that when and or if the market takes a down turn, you will be able to ride it out and not have to sell off at the bottom by having your SS.
I have seven years...
Forum: Liveaboard's Forum 16-11-2019, 16:10
Replies: 542
Views: 55,269
Posted By a64pilot
Budget Be Damned

I guess the cycles are a thing of the past?
Last time people were telling me you can’t lose money in something, it was houses pre 08.

I just hope the rising continues too as I’m worth more now...
Forum: Liveaboard's Forum 09-07-2019, 09:24
Replies: 542
Views: 55,269
Posted By a64pilot
Budget Be Damned

Sounds a whole lot like the .com bubble doesn’t it.
I knew the .com bubble was going to burst when I found out that realestate.com was worth more than Delta Airlines, yet had no assets.
I don’t...
Forum: Liveaboard's Forum 09-07-2019, 06:36
Replies: 542
Views: 55,269
Posted By a64pilot
Budget Be Damned

Except that it would trash the economy so bad that if your money is in the market you would lose a lot of it.
I used to think that I would like to see the return of higher rates too, as it would...
Forum: Liveaboard's Forum 09-07-2019, 06:26
Replies: 542
Views: 55,269
Posted By a64pilot
Budget Be Damned

The longer the high is, the longer the low will be.
The question is of course do you have enough to maintain your standard of living during the low?
We would all like it if the market stayed high....
Forum: Liveaboard's Forum 26-06-2019, 10:36
Replies: 542
Views: 55,269
Posted By a64pilot
Budget Be Damned

What is the interest rate on your house your renting your Daughter?
Why didn’t you refinance that 12.5% loan, I wasn’t in the housing market then, but if memory serves in 1980 that was a pretty good...
Forum: Liveaboard's Forum 06-05-2019, 18:30
Replies: 542
Views: 55,269
Posted By a64pilot
Budget Be Damned

Ah, but as you know, how do you tell when it’s time to bail?

Making money in the market is simple, any idiot can do it, all you do is buy low and sell high right? What could be easier than that?
...
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