i did some napkin math, because i have a downpayment on a house saved and if i had a time machine and bought at the exact right time and sold before close today, i would be able to give half to the IRS, buy the house straight cash, remodel it the interior completely into some kind of solar paneled ridiculously high efficiency everything bunker, build a detached garage, pave a driveway, buy a sweet car... and like make some can't refuse offer to one of my neighbors for their house+lot and combine it into my place and connect the structures with like underground tunnels and human sized ballistic glass hamster tubes.
totally. I have no regrets, just wanted to illustrate the absurdity of how our markets assign value.
personally, I can't abide the risk of gambling. my allocation for employer retirement contributions are all in like cash equivalents, near term instruments and treasuries. my account manager sends me emails advising me "you may be too conservative" and I'm like, over here not fucking with the market unless I'm forced to and even then, I'm wearing 6 condoms at once.
i did some napkin math, because i have a downpayment on a house saved and if i had a time machine and bought at the exact right time and sold before close today, i would be able to give half to the IRS, buy the house straight cash, remodel it the interior completely into some kind of solar paneled ridiculously high efficiency everything bunker, build a detached garage, pave a driveway, buy a sweet car... and like make some can't refuse offer to one of my neighbors for their house+lot and combine it into my place and connect the structures with like underground tunnels and human sized ballistic glass hamster tubes.
what a ludicrous economy.
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totally. I have no regrets, just wanted to illustrate the absurdity of how our markets assign value.
personally, I can't abide the risk of gambling. my allocation for employer retirement contributions are all in like cash equivalents, near term instruments and treasuries. my account manager sends me emails advising me "you may be too conservative" and I'm like, over here not fucking with the market unless I'm forced to and even then, I'm wearing 6 condoms at once.
Some guy made 22 million off 50k. That’s like 3x the amount you need just to be rich from the interest.