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Search took 0.00 seconds. Search: Posts Made By: Trimaran Ken
Forum: Liveaboard's Forum 17-11-2019, 13:08
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

A common myth.

Wages are up for everyone, but more for the lower paid employees. Unemployment is at record lows, overall, and in all minority categories.

Ken
===
Forum: Liveaboard's Forum 17-11-2019, 12:54
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

Unless you are dumb enough to believe that they will always be rising.

Ken
===
Forum: Liveaboard's Forum 09-07-2019, 11:39
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

Those companies provide services that people want and use. In return they receive compensation. This is a business model that has worked for many companies in the past and will work again in the...
Forum: Liveaboard's Forum 09-07-2019, 09:49
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

At least RealEstate.com had some small chance of turning into a profitable business, as opposed to Bitcoin which can never make money or produce anything.
Forum: Liveaboard's Forum 09-07-2019, 08:59
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

That is because it is not an asset.
Most millionaires didn't get that way by being stupid. They know exactly what Bitcoin is and know it has ZERO intrinsic value. You can't build anything with...
Forum: Liveaboard's Forum 09-07-2019, 08:46
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

If you want a house wall fixed you hire a carpenter. If you want you finances fixed, you hire a financial advisor. Everyone deserves to get paid for their work.

Some people have the desire...
Forum: Liveaboard's Forum 07-05-2019, 07:38
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

Markets (in the US) don't go down 60%, but high flying investments do.

FOMO (Fear Of Missing Out) and greed when you see others making giant returns on investment causes stupid people to ignore...
Forum: Liveaboard's Forum 06-05-2019, 18:49
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

You never know for sure, but if I had 1 mil in my retirement fund and it dropped to 900k with no clear indication it would not go lower, I would make sure I didn't loose any more, or at the very...
Forum: Liveaboard's Forum 06-05-2019, 16:52
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

Believable, yes. Stupid, yes.

If you have solid investments, they will eventually come back. If you have risky investments, bail out before it is too late.

Ken
===
Forum: Liveaboard's Forum 06-05-2019, 16:39
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

The S&P dropped 30% between 1/1/2006 and 12/31/2008. You have to be really stupid to have lost 60% of your retirement account when the S&P only lost 30%.

The guy with 9 houses obviously got...
Forum: Liveaboard's Forum 06-05-2019, 12:13
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

There are currently about 3.5 million job openings in the US, many of them are "good paying". Companies are desperate for qualified employees and in many cases are willing to pay you while they...
Forum: Liveaboard's Forum 06-05-2019, 11:14
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

The basic principal of FIRE is that the more you save now, the better off you will be later.

It is extremely hard to argue against this philosophy. I have done it from the time I was 17 years...
Forum: Liveaboard's Forum 06-05-2019, 08:54
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

As the old saying goes:
"Past returns are no guarantee of future results".

There are some five or ten year periods in there where things did not go so well. The older you get, the less time...
Forum: Liveaboard's Forum 06-05-2019, 08:25
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

I read your original post. My only criticism is that you should be including your boat and rental house (at market value) in your net worth calculations.

It makes no sense to value your house...
Forum: Liveaboard's Forum 06-05-2019, 08:06
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

No, it doesn't always work out in the end. There is no one size fits all system, but not thinking about your financial situation vs life style is dangerous.

Discussions about groceries and other...
Forum: Liveaboard's Forum 06-05-2019, 07:58
Replies: 542
Views: 55,279
Posted By Trimaran Ken
Re: Budget Be Damned

You have WAY oversimplified the equation. To predict when your funds will run out, or how much you can spend, there are numerous assumptions you must make. If you error on one side, you deprive...
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