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fzj80's comments
fzj80  ·  930 days ago  ·  link  ·    ·  parent  ·  post: 'We are like a bomb': food riots show Venezuela crisis has gone beyond politics

What a glorious socialist paradise.

dingus  ·  929 days ago  ·  link  ·  

You'd think they'd be able to do as well as Cuba, what with all that oil.

fzj80  ·  958 days ago  ·  link  ·    ·  parent  ·  post: Dear hubski, what would you like to say to your 17 year old self?

Don't sell that bitcoin.

fzj80  ·  966 days ago  ·  link  ·    ·  parent  ·  post: Grappling with hipster-hate

Mine too, actually.

fzj80  ·  966 days ago  ·  link  ·    ·  parent  ·  post: Did not know that when iron Maiden tours, Bruce Dickinson drives.

Necrophagist frontman Muhammed SuiƧmez has a masters in mechanical engineering.

fzj80  ·  967 days ago  ·  link  ·    ·  parent  ·  post: What % of your take home pay do you invest?

Okay, honestly I'd try to guesstimate what your living expenses are going to be for the next year or so and make sure you have 6 months saved up.

Assuming you're an American afterwards I'd contribute to an IRA.

Check out /r/financialindependence

fzj80  ·  967 days ago  ·  link  ·    ·  parent  ·  post: What % of your take home pay do you invest?

What are your living expenses?

Do you have a savings account?

viceroy  ·  967 days ago  ·  link  ·  

Nothing, currently, besides paying for oil and some clothing. Yes, I have a savings account at a local bank.

fzj80  ·  967 days ago  ·  link  ·  

Okay, honestly I'd try to guesstimate what your living expenses are going to be for the next year or so and make sure you have 6 months saved up.

Assuming you're an American afterwards I'd contribute to an IRA.

Check out /r/financialindependence

fzj80  ·  968 days ago  ·  link  ·    ·  parent  ·  post: What % of your take home pay do you invest?

Ignore the hoolah on the media and idiots in /r/investing.

Dollar Cost Averaging. Just pick a dollar amount each month and put it in like clockwork.

I'm assuming you won't be looking to retire for another two decades at minimum so we're playing the long game here.

Remember, even in 2008 nobody lost money in the markets unless they panicked and sold.

snoodog  ·  967 days ago  ·  link  ·  

Dollar cost averaging made sense in an Era of decreasing interest rates. If you want to see what happens to dollar cost averaging when you have stagflation and a huge bursting bubble take a look at the Japanese market. Socks really seem to have be a strictly speculative/gambling assets where their price is dependent not on fundamentals of growth or profit but of but on the hope that you can sell them later to some greater fool. As long as there is an unlimited amount of money coming out of the FED stocks will grow, but as soon as the spigot closes or the flow decreases the supply of greater fools really dwindles.

fzj80  ·  968 days ago  ·  link  ·    ·  parent  ·  post: What do you want to do when you retire?

I'm pursuing financial independence (shoutout to /r/financialindependence) so I'm hoping to be done with "working for the man" in a decade or so. I'll be 31-32.

I don't plan to own a home anytime soon. Instead I want to overland around the world at a leisurely pace.

Once I get back I'll buy some land, build a barn/house, and restore Land Cruisers for fun and no profit.

May even start a business or freelance. Not sure. Sure as hell not doing I.T work anymore, though.

fzj80  ·  968 days ago  ·  link  ·    ·  parent  ·  post: Why can't I view post dates on listings?

Excellent. Thank you!