Feels like so little is in my control after the sell off, why not just spend it away?

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rogue_economist
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Re: Feels like so little is in my control after the sell off, why not just spend it away?

Post by rogue_economist »

ponyboy wrote: Wed Mar 12, 2025 8:27 am
rogue_economist wrote: Mon Mar 10, 2025 4:21 pm 7k for curtains in anything short of a legitimate mansion is absurd. I've bought cars for that kind of money. This is entirely independent of the market.

If you have little job security then you need to be batening down the hatches asap. Forget what the market is doing, tax loss harvest if you can and stack cash.
You never priced custom fit curtains or blinds then. $7k for an entire house is cheap. We bought 4 custom blinds from blinds2go or whatever its called, they cost $500/each...and that was with some july 4th sale. We went the "cheap" route for custom. Go price out a hunter douglas blind. You'll spend 10s of thousands for blinds in a blink of the eye. And really wealthy people probably never head of hunter douglas, lol.
No, because I don't like giving people car money for some fabric because its "custom". I have no doubt there are people happy to charge such prices, I simply refuse to pay them.
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rogue_economist
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Re: Feels like so little is in my control after the sell off, why not just spend it away?

Post by rogue_economist »

dickyboy wrote: Wed Mar 12, 2025 11:59 am
rogue_economist wrote: Mon Mar 10, 2025 4:21 pm 7k for curtains in anything short of a legitimate mansion is absurd. I've bought cars for that kind of money. This is entirely independent of the market.

If you have little job security then you need to be batening down the hatches asap. Forget what the market is doing, tax loss harvest if you can and stack cash.
I liked your response except for the tax loss harvest part. I see no point in selling at a loss now just because the market is down. Hang in there and at his age the market will certainly come back to previous levels and then some.
Tax loss harvesting doesn't really result in a "real" loss done correctly...the bogleheads wiki has a good rundown.
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Re: Feels like so little is in my control after the sell off, why not just spend it away?

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