Search found 10287 matches

by HomerJ
Fri Dec 15, 2017 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Keys to a Successful Retirement
Replies: 64
Views: 10188

Re: Keys to a Successful Retirement

Here's an example: Say you have $1,000,000. 4% guideline means you can pull $40,000 a year out of that. If you bought a $500,000 SPIA at age 65, you might get 7% a year in payments. And you can still take 4% out of the remaining $500,000. So now you can spend $55,000 a year instead of $40,000. That...
by HomerJ
Fri Dec 15, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Keys to a Successful Retirement
Replies: 64
Views: 10188

Re: Keys to a Successful Retirement

I've never understood the basic logic of the advice to buy annuities. I simply don't understand the logic of taking investing risk for much or most of my investing career. Having my basic stock/bond allocation set to manage my risk to that point. Then, all the sudden, feel the need to get insurance...
by HomerJ
Fri Dec 15, 2017 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 35
Views: 1951

Re: any sense in purchasing an annuity before retirement?

My BIL is a CPA, actuary, corporate officer, in a regional and international insurance/annuity company. They sell a lot of SPIAs. They rather not sell VAs. Everything I've read or seen in real life is the exact opposite. VAs are always more profitable to a insurance company than a SPIA. Everyone in...
by HomerJ
Fri Dec 15, 2017 3:31 pm
Forum: Investing - Theory, News & General
Topic: Jim Simons Medalion fund averages 71.8% annual return
Replies: 26
Views: 3781

Re: Jim Simons Medalion fund averages 71.8% annual return

This could just be profit-sharing, and not "investment" returns. I worked for HFT (High-Frequency Trading) firm that never had a negative day. But they weren't just trading; they also made money providing liquidity to various exchanges. THAT firm traded only using the owner's money. Employees got pa...
by HomerJ
Fri Dec 15, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 35
Views: 1951

Re: any sense in purchasing an annuity before retirement?

I like the idea of SPIA ladder, allowing one to spend more in retirement. We suggest 4% as a planning tool around here, which covers most "worst-case" scenarios. The problem is, that 90%+ of the time, you could have spent more and not run out of money. But you don't know that ahead of time, so you h...
by HomerJ
Fri Dec 15, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 35
Views: 1951

Re: any sense in purchasing an annuity before retirement?

But professionals generally say to get a variable annuity (which is subject to market risk) or, even better, invest your money and take a little out each month -- because SPIA's pay too little investment income. Whoa... Late to this thread, but whiteprius, you need to do some research about variabl...
by HomerJ
Fri Dec 15, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Should I open a fitness center for extra money?
Replies: 37
Views: 2604

Re: Should I open a fitness center for extra money?

This person is going to keep their day job, and run the fitness center evenings and weekends. So two full-time jobs? Should I consider diversifying my investments by opening a fitness center? Doesn't sound like diversifying. It sounds like a second full-time job. Yes, one can make more money by wor...
by HomerJ
Thu Dec 14, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4421

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

CantPassAgain wrote:
Thu Dec 14, 2017 3:58 pm
I think what happened is that whiteprius decided to have some fun with the Bogleheads.
This is very possible.
by HomerJ
Thu Dec 14, 2017 4:00 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4421

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

Wouldn't it be funny if the S&P went on a huge bear run starting with today? I'll frame that article if that happens. Sure, it could certainly happen. But the odds of it happening didn't change from yesterday to today. But let's ignore that. Look, here's the thing. You were absolutely certain yeste...
by HomerJ
Thu Dec 14, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4421

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

But you were absolutely certain it was going up today. How does your brain handle this paradox? Is this a teaching moment for you? Or have you already forgotten your certain prediction from yesterday? No I wasn't, that's why I got out last night saving me from a four figure loss today. LOL. Talk ab...
by HomerJ
Thu Dec 14, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4421

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

whiteprius wrote:
Thu Dec 14, 2017 11:00 am
Risky investments can destroy your life, but they can also elevate you into another strata.
Sure, which is more common? Are the chances equal for both outcomes?
by HomerJ
Thu Dec 14, 2017 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4421

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

Everybody in the world expected the DJIA, S&P and NASDAQ to go up today. With all due respect, who the hell do you think sold you 6-figure amounts of SPY then? Do you think it was a charitable donation to the whiteprius fund? SPY is not penny-wide on the bid/offer because the entire world is in agr...
by HomerJ
Thu Dec 14, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4421

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

Actually I misstated that. If the stock markets fall 30% I will sell these after 6 months (at which point they would have recovered a lot of their lost value) and buy in. But that's pretty much my plan. This until a stock market crash which is on the horizon, next few years. How do you recognize a ...
by HomerJ
Thu Dec 14, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 31
Views: 3029

Re: What is a Reasonable Retirement Cost of Living?

I graduated from high school in Northern Virginia. I know it quite well. A 40+ hour a week job got me into a private elite university. That was an outstanding EC. I don't doubt it was a great credential and it may have been quite common when you were a teenager. It is rare to the point of being non...
by HomerJ
Thu Dec 14, 2017 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 31
Views: 3029

Re: What is a Reasonable Retirement Cost of Living?

Our household expenses right now are not a useful guide. Of course they are. We have two kids in high school at peak "money pit" level. So subtract them out. Or just assume you'll spend as much in retirement on trips and fun as you do on your kids today. Will your house be paid off when you retire?...
by HomerJ
Thu Dec 14, 2017 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4421

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

I'm in the minority who thinks that there is nothing wrong with margin and every person who has a mortgage is using margin & leverage and liking it just fine. Every person who puts money into their 401k instead of using it to pay down their mortgage faster is using margin. There is no margin call w...
by HomerJ
Thu Dec 14, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?
Replies: 176
Views: 4421

Re: Thoughts on using safe-ish investments to buy S&P 500 on margin in December?

It took you less than 60 seconds to read those threads and digest the lessons from them? You are a fast reader, and an even faster learner! :twisted: DIdn't take too long to figure out they weren't too positive on margin investing. You really need to read those threads. Market Timer did everyone a ...
by HomerJ
Wed Dec 13, 2017 5:19 pm
Forum: Investing - Theory, News & General
Topic: Jim Simons Medalion fund averages 71.8% annual return
Replies: 26
Views: 3781

Re: Jim Simons Medalion fund averages 71.8% annual return

Things I've read about the Medallion Fun: it is not a compounded return, most of the gains are not reinvested, it can only make 70% a year on a fairly small amount due to the type of trades they do. Exactly. Commenters seem to be missing this point. The size of Medallion is strictly capped so it is...
by HomerJ
Wed Dec 13, 2017 5:01 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 2858

Re: WHO IS RIGHT ME or SPOUSE

You can give presents to anybody you want to, so there's no right or wrong here. You don't want to; your wife does. How do you usually resolve things when one of you wants something the other doesn't? Ooh! Ooh! (Raises hand) I know the answer! But then again, I've been married nearly 20 years. :)
by HomerJ
Wed Dec 13, 2017 4:56 pm
Forum: Personal Consumer Issues
Topic: Who is Right Me or Spouse
Replies: 51
Views: 2858

Re: WHO IS RIGHT ME or SPOUSE

Heh, my wife gets $150 from her father every year, and I get $100.

So I'm a family member, but second-tier. :)

She has kept my money in her purse until I forget about it about half of the 20 Christmases we've been together. :)

But... it is nice I'm included in his thoughts.
by HomerJ
Wed Dec 13, 2017 12:40 pm
Forum: Investing - Theory, News & General
Topic: Jim Simons Medalion fund averages 71.8% annual return
Replies: 26
Views: 3781

Re: Jim Simons Medalion fund averages 71.8% annual return

$10 million at a 71.8% average annual return from 1994 to 2014 would be worth $500 billion. By next year (2018), that $500 billion from 2014 will be worth $4 trillion. By 2024, it will be worth $100 trillion.

I'm guessing it's not true, or if true, too late to join the gravy train.
by HomerJ
Wed Dec 13, 2017 11:22 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 190
Views: 17853

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

You do realize that the implementation of Bitcoin itself was experiment at a possible solution to the the complete lack of faith in governments and central banks where banks are bailed out by printing money out of thin air at the expense of everyone whose money is devalued? This is an argument AGAI...
by HomerJ
Wed Dec 13, 2017 11:13 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 190
Views: 17853

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Looks like it's up about 30% since his comments 8 days ago, far outpacing the return of US stocks and bonds. So far Bogle's been wrong. This is false. Do not confuse outcome with strategy. I can tell you not to bet on Big 6 on a craps table because it's a sucker's bet. Even if you do it anyway, and...
by HomerJ
Wed Dec 13, 2017 10:10 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 320
Views: 23601

Re: To take or not to take delivery of Tesla 3

BH's are frugal and reserved for the most part and will steer you into a decision you may regret. This is true. It's also true that we may steer you into a decision that will save you FROM regret. (Plus, if you find yourself regretting being frugal, it's much easier to reverse than if you find your...
by HomerJ
Tue Dec 12, 2017 9:08 pm
Forum: Investing - Theory, News & General
Topic: Does any indicator not predict a 2000/2007'ish crash?
Replies: 47
Views: 2419

Re: Does any indicator not predict a 2000/2007'ish crash?

whiteprius wrote:
Tue Dec 12, 2017 7:26 pm
"want upside but seriously scared of a crash" portfolio.
There's no free lunch.
by HomerJ
Tue Dec 12, 2017 5:35 pm
Forum: Investing - Theory, News & General
Topic: Does any indicator not predict a 2000/2007'ish crash?
Replies: 47
Views: 2419

Re: Does any indicator not predict a 2000/2007'ish crash?

Got back to 100% in the past. Get your verbs right. Not guaranteed the next crash will play out like the last one. But sure maybe. As far as I know it's mathematically highly unlikely for a prudently selected batch US corp. high yield bonds to fall more than U.S. equities, and they do recover faste...
by HomerJ
Tue Dec 12, 2017 5:33 pm
Forum: Investing - Theory, News & General
Topic: Does any indicator not predict a 2000/2007'ish crash?
Replies: 47
Views: 2419

Re: Does any indicator not predict a 2000/2007'ish crash?

Some people are feeling fearless but its because job creation is up, consumer-confidence is up, the GDP is up, growth is increasing, ... all with more fuel expected with a corporate tax cut which could propel growth further ... I would think 2018 a year of more exuberance with perhaps a crash in 20...
by HomerJ
Tue Dec 12, 2017 5:28 pm
Forum: Investing - Theory, News & General
Topic: Does any indicator not predict a 2000/2007'ish crash?
Replies: 47
Views: 2419

Re: Does any indicator not predict a 2000/2007'ish crash?

Oh, and on a serious note, high-yield bonds (junk bonds) are not guaranteed to have less downside than stocks nor recover faster. That's definitely not true. Compare e.g. FAGIX to the FSTVX. They get back to 100% in about 1/3 of the time. Slightly lower upside though. Got back to 100% in the past. ...
by HomerJ
Tue Dec 12, 2017 5:17 pm
Forum: Investing - Theory, News & General
Topic: Does any indicator not predict a 2000/2007'ish crash?
Replies: 47
Views: 2419

Re: Does any indicator not predict a 2000/2007'ish crash?

A crash seems inevitable in 2018. You should sell your crystal ball for a billion gajillion dollars... That's the real way to get rich! Oh, and on a serious note, high-yield bonds (junk bonds) are not guaranteed to have less downside than stocks nor recover faster. We may indeed have a crash in 201...
by HomerJ
Tue Dec 12, 2017 4:52 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19494

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Saw a funny meme today comparing Bitcoins and Chuck E. Cheese tokens

Physical?
Bitcoin - No
Chuck E. Cheese tokens - Yes

Can buy pizza and play arcade games?
Bitcoin - No
Chuck E. Cheese tokens - Yes

Can buy black tar heroin?
Bitcoin - Yes
Chuck E. Cheese tokens - No
by HomerJ
Tue Dec 12, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Any experience with Redneck Money Market? (1.5%)
Replies: 7
Views: 595

Re: Any experience with Redneck Money Market? (1.5%)

Am I the only one who feels more comfortable with a bank name like "First Federal Trust and Reserve" instead of "Joe's Bank"?

"Hi, I'm Joe! I own a bank!"
by HomerJ
Tue Dec 12, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 135
Views: 13611

Re: What to do after losing $117k in stock market?

Go with #1 - focus on getting out of debt and take a break from the market. When you do get back in - index and think of it as a long term commitment. Don't get caught up in all the water-cooler stories people are telling which is likely the problem you have today (since you are using terms like "f...
by HomerJ
Mon Dec 11, 2017 6:55 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin IRA
Replies: 28
Views: 2464

Re: Bitcoin IRA

And if they do all cash out, the price will come crashing down. It's a classic bubble This. It's important to recognize that not EVERYONE can possibly get rich off bitcoin. Many people will indeed lose money. Anyone investing a huge chunk of their net worth in bitcoin is taking a big risk. Now it c...
by HomerJ
Mon Dec 11, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Bitcoin IRA
Replies: 28
Views: 2464

Re: Bitcoin IRA

Makes me wonder.. If Bitcoin goes to $20K by end of 2017, 40K by 2018, and $100K by 2020, will people on this board keep saying "too late to the game" "end of the Bitcoin bubble" then? :D Don't confuse result with strategy. It is absolutely correct for me to NOT let a sizable bet ride on red at a r...
by HomerJ
Mon Dec 11, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Just not getting it
Replies: 82
Views: 10671

Re: Just not getting it

If I compare some commonly invested good stocks--say FANGS and a few others--(eg AMAT, MU, FB, GOOG, NFLX, NVDA, BA, AAPL) to ITOT (total market), they all come out ahead at 1, 2, 5, and 10 year time frames (GOOG the exception at 2 year time frame). Not a few of them. Every single one. And not just...
by HomerJ
Mon Dec 11, 2017 1:51 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19494

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Same answer as above. I am in it for a non-inflationary asset. How is 2% ANNUAL inflation worse than a currency that swings 50% in ONE DAY? We're still in price discovery mode. And I'm not doing it to protect against 2% inflation. I'm doing it to protect against inflation like happened in Venezuela...
by HomerJ
Mon Dec 11, 2017 1:45 pm
Forum: Investing - Help with Personal Investments
Topic: What cause BH fear about running out of saving though they have big size of asset?
Replies: 27
Views: 1667

Re: What cause BH fear about running out of saving though they have big size of asset?

WhiteMaxima wrote:
Mon Dec 11, 2017 1:39 pm
steve50 wrote:
Mon Dec 11, 2017 1:35 pm
Future medical costs!! They can wipe your savings out pretty fast.

People without money don't have to worry about it since everything will be paid for them.
ACA Insurance.
That may not be around in the future.

"It's tough to make predictions, especially about the future." -Yogi Berra
by HomerJ
Sun Dec 10, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Bitcoin IRA
Replies: 28
Views: 2464

Re: Bitcoin IRA

maxgrowth wrote:
Sun Dec 10, 2017 1:05 am
Lately, I have received a lot of information in my email box in regards to
I think one should ALWAYS invest in whatever shows up in your email box. That's a great way to pick a sure winner.

No, wait, I don't believe that. :oops:

Come on, friend.. You know better.
by HomerJ
Sat Dec 09, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Does a Boglehead ever time the market?
Replies: 65
Views: 4083

Re: Does a Boglehead ever time the market?

However it does seem that even if the market is overpriced I agree with the consensus that it’s still a good ideal to get in the market. I just don’t think the bulk of my nest egg will be in stocks at the moment . Nedsaid has indicated that Mr Bogle does shift a percentage of assets when certain ar...
by HomerJ
Fri Dec 08, 2017 6:40 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 92
Views: 6652

Re: Call the top! - Bitcoin

there is a large backlog for bitcoin transaction confirmations at the moment (which have improvements from the community on the way), especially given the spike of activity in the last couple days. that said, just taking the above at face value: 20 hours for a bitcoin confirmation (at the lowest fe...
by HomerJ
Fri Dec 08, 2017 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: Does a Boglehead ever time the market?
Replies: 65
Views: 4083

Re: Does a Boglehead ever time the market?

livesoft wrote:
Fri Dec 08, 2017 8:37 am
Everybody times the market to one degree or another. If you're a Boglehead though, you will never admit it.
After 50,000 posts, everything is a joke, I guess.

Might be better to help new posters though instead of confusing them.
by HomerJ
Fri Dec 08, 2017 2:52 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19494

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Same answer as above. I am in it for a non-inflationary asset. How is 2% ANNUAL inflation worse than a currency that swings 50% in ONE DAY? We're still in price discovery mode. And I'm not doing it to protect against 2% inflation. I'm doing it to protect against inflation like happened in Venezuela...
by HomerJ
Fri Dec 08, 2017 10:46 am
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6678

Re: Bitcoin now the largest quantifiable bubble in history?

There are some use cases. People in Europe are working and sending money home via BTC to their families. I bought some meds I want to keep private using BTC just because it seemed like a fun thing to do in 2017. Private from whom? Who would have known about the medication you bought if you had paid...
by HomerJ
Thu Dec 07, 2017 6:26 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19494

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Same answer as above. I am in it for a non-inflationary asset. How is 2% ANNUAL inflation worse than a currency that swings 50% in ONE DAY? Oh, that's easy. Just look at how fast it's going up! Remember, everyone is a genius in a bull market. That goes 1000x for bubbles... until they burst. Yeah, t...
by HomerJ
Thu Dec 07, 2017 6:08 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19494

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

ensign_lee wrote:
Thu Dec 07, 2017 5:19 pm
Same answer as above. I am in it for a non-inflationary asset.
How is 2% ANNUAL inflation worse than a currency that swings 50% in ONE DAY?
by HomerJ
Thu Dec 07, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19494

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

If I wanted to move $1,000,000 without anyone knowing about it, I would definitely not use USD. Sure whatever. I get that. Criminals like bitcoin. What OTHER uses does it have that makes it superior to just using dollars? It's not just criminals, it's anyone who values privacy. The market is extrem...
by HomerJ
Thu Dec 07, 2017 6:00 pm
Forum: Investing - Theory, News & General
Topic: Does it look like a bubble to you?
Replies: 42
Views: 3591

Re: Does it look like a bubble to you?

For those who don't need to play the game anymore (low need to assume risk), good time to take some off the table? Those people should be taking money off the table REGARDLESS of valuations. Wouldn't matter if CAPE is 10 or 32. The risk never goes to zero. If you're close to retirement, and have "e...
by HomerJ
Thu Dec 07, 2017 3:58 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin now the largest quantifiable bubble in history?
Replies: 88
Views: 6678

Re: Bitcoin now the largest quantifiable bubble in history?

rkhusky wrote:
Thu Dec 07, 2017 3:55 pm
Blueskies123 wrote:
Thu Dec 07, 2017 3:49 pm
rkhusky wrote:
Thu Dec 07, 2017 3:43 pm
Isn't it only a bubble if it pops?
No, that would be an UN-popped bubble. Like in 2000 and 2008, then one year later.
What happens if bitcoin never drops in price, but stabilizes at the current price for the next 50 years? Was it still a bubble?
Then it's not a bubble.
by HomerJ
Thu Dec 07, 2017 3:11 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19494

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

letsgobobby wrote:
Thu Dec 07, 2017 1:47 pm
If I wanted to move $1,000,000 without anyone knowing about it, I would definitely not use USD.
Sure whatever. I get that. Criminals like bitcoin.

What OTHER uses does it have that makes it superior to just using dollars?
by HomerJ
Thu Dec 07, 2017 11:45 am
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 8383

Re: Want to sell my Bitcoin, but when?

Valuethinker wrote:
Sun Dec 03, 2017 1:51 pm
You have not made money at the casino until you have taken some off the table.
This.

Way too many people are walking into the bitcoin casino with no idea how to manage their bankroll.

And that's the MOST important part of gambling. More than the actual play at the table.