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And here I am with 6 months of salary in the bank, because I heard someone say it on the radio back in the day.
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Yeah its just me at present so it's different. Also in the midst of purchasing a house as well. When I have a family I will likely need a cash balance somewhereThis is just WILD to me.
I was just talking to my cousin about being at my crypto limit in good conscience. In reality, I have made more gains in crypto the last 15 days than I did in the 2020 stock market on a percentage basis. I should be all in at this point. I should also be in more stocks. But the thought of losing the money I worked so hard for just prevents me from not sitting on 80% cash. I have a house to purchase soon and three mouths to feed. If we experienced something like March and I were exposed, I put our futures in jeopardy. Just can't do it.
When I get over the house hump, I will probably be reckless as hell lol.
To each their own but I just can't do it. If I ever really needed cash can draw on margin or just sell down my portfolio. There are few things that would require cash that I couldn't access in two daysAnd here I am with 6 months of salary in the bank, because I heard someone say it on the radio back in the day.
Beware. The house hump is more like a rabbit hole. Once you’re past the buying phase you’ll go into furnishing and repairs. Make sure to draw the line between immediate necessities and eventual wants. That’ll help you stay on track with investment goals.This is just WILD to me.
I was just talking to my cousin about being at my crypto limit in good conscience. In reality, I have made more gains in crypto the last 15 days than I did in the 2020 stock market on a percentage basis. I should be all in at this point. I should also be in more stocks. But the thought of losing the money I worked so hard for just prevents me from not sitting on 80% cash. I have a house to purchase soon and three mouths to feed. If we experienced something like March and I were exposed, I put our futures in jeopardy. Just can't do it.
When I get over the house hump, I will probably be reckless as hell lol.
one of the biggest things of having everything in the market even if you're single is the thought of losing your job and the market crashing simultaneously.
then you're ****ed, there's no lubrication unless your living with your parents
Nah dont think like that. Cant get caught up on **** you missed or youll go crazy. Grine told me bout SSPK a while back, it was like $12. I pump faked, its like $27 nowSeeing $RIOT at 50 makes me wanna off myself
**** was less than a dollar in March
Hell it was still $3.xx in November
And here I am with 6 months of salary in the bank, because I heard someone say it on the radio back in the day.
Don’t use emergency funds to invest. Just buy less. You can’t have the perspective needed to hold through drawdowns when it’s money you might need. Every great asset has had multiple 50% drawdowns. You need to be able to withstand those instances and having money you don’t need is the key to that. This market is unrealistically hot, this isn’t normal or the time to start pressing. Last year was. Be smart and patient and DCA regularly.
you can’t be in everything
I do both. I take my gains from my growth stocks and buy more dividend stocks.
the goal is to have dividends cover my living expenses, so dividend and growth investing go hand in hand to me.
what do you guys use for charting? I need something to make custom trend lines.
I would say the biggest thing that I learned many years ago was to not chase anything and that the news you hear about X stock returning 3x, 5x, 10x, is not a once in a lifetime opportunity. Just looking at last year, everyone talks about Tesla's returns but Overstock on a % basis was far greater (I think about 50x if you bought at the low and sold at the high). Or if you held any cannabis stocks like Hexo last year, that would have been a 5x+ return with this past surge. In general, most wealth building is not from chasing the next big thing but holding.
Also just realized that to this day PINS from the March lows has had higher gains till today than BTC. Wild.
Would you mind sharing you positions and watchlist