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Re: Lets get rich. Responsibily. [Re: OhioBoy] #8633260
07/04/26 04:06 PM
07/04/26 04:06 PM
Joined: May 2011
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
trapper

Joined: May 2011
Oakland, MS
Originally Posted by OhioBoy
Well it went crazy and they halted it and its stuck in my account this weekend like this…. So yeah Im hoping thats something… but i haven't figured it out yet…

Originally Posted by yotetrapper30
Not too much to figure out. It's doing poorly enough it's at serious risk of being delisted. The reverse-split is to the share price enough to prevent the delisting. Last ditch effort.



Well, if you're long shares of it...... you also should have much fewer shares than you had. For example, if you had 100 shares of it on Friday you will have 6 on Monday.

Reverse splits are usually never a good thing. There are only two reasons to do it.... to avoid delisting which is the case with ABTC or to try to make the shares "appear" more valuable than they are by hanging a higher price tag on them. In either event, its the sign of a company that is in trouble.

Re: Lets get rich. Responsibily. [Re: jabNE] #8633276
07/04/26 04:44 PM
07/04/26 04:44 PM
Joined: Mar 2007
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
McGrath, AK
Originally Posted by jabNE
My take from my lifetime of investing. I have a handful of economists I follow and trust, just read and pay attention to get the overall picture and their blend of opinions and consensus.

For your investing, just focus on investing in a simple, diversified portfolio. Start when you are young, be disciplined, feed your portfolios steady and consistently, do not go chasing the latest greatest thing, (that is until that thing gets a little legs under it first, proves itself, because some of the hot new things disappear just as quickly) but stay your course on solid picks, and enjoy the power of compounded earnings over a very long time. Think marathon not sprint. There is no free lunch.

While that sucker is doing its thing in the background, you live sensibly and within your means. That way you always have the ability to keep feeding that investment portfolio in background. I’ll skip buying “toys” any day over turning some dollars into earning something meaningful for me over time. New trucks and side by sides will decline in value to zero over their lives. Good investments do the opposite. You have to think like that.

You may read about how you can do better investing in this or that, blah blah blah, just find a good solid mix and go. Don’t make it too complex or you will never get to feel the gains. Once you cross your first $250 thousand to $500 thousand, you will really “feel” it pick up steam on the relative $ size to % basis gains. Keep the course and keep feeding it. Add a few more picks if some picks drop out. Sell a few if you get a little heavy in one sector or the other. Keep it balanced and diversified so you are not too over exposed in any one sector. Track your gains to a good high mix yardstick like the S&P. It should track well to that index (or better).

And shoot your goals HIGH. Remember there are a lot of things at retirement that we don’t know. Taxes, medical costs, and funding your dreams and fun in retirement for a very long life after working. And maybe you have a family you want to leave a little something for too after all of that. You have to shoot high. The earning rate of the portfolio matters too. Takes a pretty big nest egg earning a paltry, typical conservative blend like 3% to cover all of that in retirement. A smaller pool earning at higher rate say maybe 8%-12% will accomplish the same thing. Track your gains. And always watch the earning rate. It matters.

I’m no expert. Will never claim to be. But I know what works and am happy I did what I did.

Jim



Absolutely right !


Mean As Nails
Re: Lets get rich. Responsibily. [Re: yotetrapper30] #8633278
07/04/26 04:46 PM
07/04/26 04:46 PM
Joined: Mar 2007
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
McGrath, AK

Originally Posted by yotetrapper30
Not too much to figure out. It's doing poorly enough it's at serious risk of being delisted. The reverse-split is to the share price enough to prevent the delisting. Last ditch effort.



X2

Reverse split is something to get away from ASAP


Mean As Nails
Re: Lets get rich. Responsibily. [Re: OhioBoy] #8633974
Yesterday at 01:54 PM
Yesterday at 01:54 PM
Joined: Jan 2012
Ohio, 48yo
OhioBoy Offline OP
trapper
OhioBoy  Offline OP
trapper

Joined: Jan 2012
Ohio, 48yo
Today

ABTC +8% 9.14

XXRP +11.5% 24.75

Re: Lets get rich. Responsibily. [Re: OhioBoy] #8633980
Yesterday at 02:02 PM
Yesterday at 02:02 PM
Joined: Dec 2013
central IA
B
bodycount Offline
trapper
bodycount  Offline
trapper
B

Joined: Dec 2013
central IA
Hire a fiduciary to manage your wealth. They only charge 1% or so for up to a million.

Re: Lets get rich. Responsibily. [Re: OhioBoy] #8633982
Yesterday at 02:06 PM
Yesterday at 02:06 PM
Joined: May 2011
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
trapper

Joined: May 2011
Oakland, MS
Originally Posted by OhioBoy
Today

ABTC +8% 9.14

XXRP +11.5% 24.75



Both down over 90% over 1 year. eek

Re: Lets get rich. Responsibily. [Re: OhioBoy] #8634111
Yesterday at 08:35 PM
Yesterday at 08:35 PM
Joined: Jan 2012
Ohio, 48yo
OhioBoy Offline OP
trapper
OhioBoy  Offline OP
trapper

Joined: Jan 2012
Ohio, 48yo
I agree that ones rocky but MSTR seems legit. Check that one out if you want. Im only in abtc bc im so far down but im sitting on it. If someone is interested google who the top ten investors in MSTR are. You could always google best bitcoin etfs too.

They are saying a correction is coming which i think yall have already been talking about.

Re: Lets get rich. Responsibily. [Re: OhioBoy] #8634115
Yesterday at 08:51 PM
Yesterday at 08:51 PM
Joined: May 2011
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
trapper

Joined: May 2011
Oakland, MS
Originally Posted by OhioBoy
I agree that ones rocky but MSTR seems legit. Check that one out if you want. Im only in abtc bc im so far down but im sitting on it. If someone is interested google who the top ten investors in MSTR are. You could always google best bitcoin etfs too.

They are saying a correction is coming which i think yall have already been talking about.


I think I will pass on that one as well.

[Linked Image]

I actually am long very little as far as shares go. Most of my money is tied up in options.

Re: Lets get rich. Responsibily. [Re: OhioBoy] #8634149
Yesterday at 10:04 PM
Yesterday at 10:04 PM
Joined: Oct 2016
Michigan
B
BigBlackBirds Offline
trapper
BigBlackBirds  Offline
trapper
B

Joined: Oct 2016
Michigan
MSTR has been one of my great disappointments

Re: Lets get rich. Responsibily. [Re: OhioBoy] #8634155
Yesterday at 10:22 PM
Yesterday at 10:22 PM
Joined: Oct 2024
Kansas
S
someGuyInKansas Offline
trapper
someGuyInKansas  Offline
trapper
S

Joined: Oct 2024
Kansas
Originally Posted by OhioBoy
Google is AI now. Type a paragraph in there about


like this?
[Linked Image]



Gold just sits there. It does not produce anything, aside from storage costs. It is a store of value that fluctuates with inflation, but in the very long term, it simply (roughly) matches inflation. When it spikes up high, and starts getting pumped by investment advisors, that's the time to sell it. When it plummets in value, far below its inflation adjusted historical value, that is the time to buy (if there ever is a time to buy it).


-Joe
Re: Lets get rich. Responsibily. [Re: OhioBoy] #8634229
8 hours ago
8 hours ago
Joined: Dec 2006
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
williamsburg ks
The national debt is approaching 40 trillion. The interest every year is near the top expense. That could be a problem.


Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: Lets get rich. Responsibily. [Re: OhioBoy] #8634243
8 hours ago
8 hours ago
Joined: Feb 2015
Mn
R
Reaperman Offline
trapper
Reaperman  Offline
trapper
R

Joined: Feb 2015
Mn
Here is an interesting fact. A hundred years ago, you could take a paper $20 bill to the bank and exchange that bill for 1 oz of gold. Today, that same paper $20 bill is worth the exact twenty dollars it was a hundred years ago. But that same oz of gold it now worth $4k. Thats inflation in a nut shell.

Last edited by Reaperman; 8 hours ago.
Re: Lets get rich. Responsibily. [Re: OhioBoy] #8634299
5 hours ago
5 hours ago
Joined: Dec 2006
williamsburg ks
D
danny clifton Offline
"Grumpy Old Man"
danny clifton  Offline
"Grumpy Old Man"
D

Joined: Dec 2006
williamsburg ks
40 trillion is 100000 for every man woman and child. So a family of four is at minimum 400000 in debt

Last edited by danny clifton; 5 hours ago.

Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
Re: Lets get rich. Responsibily. [Re: OhioBoy] #8634338
4 hours ago
4 hours ago
Joined: Dec 2006
Oregon 66
bfflobo Offline
trapper
bfflobo  Offline
trapper

Joined: Dec 2006
Oregon 66
The most efficient way to tax the population is to deflate the dollar, which causes inflation. ( one and the same thing ) Metals off set this theft. Not as an investment, but insurance against purchasing power of the failing fiat currency. Fiat is not money, it is currency. Gold is money that maintains varying amounts of value.

Last edited by bfflobo; 4 hours ago.

Clean traps,tight lines,straight shooting
http://i.imgur.com/3sawxE9m.jpg
Re: Lets get rich. Responsibily. [Re: bfflobo] #8634347
3 hours ago
3 hours ago
Joined: Oct 2024
Kansas
S
someGuyInKansas Offline
trapper
someGuyInKansas  Offline
trapper
S

Joined: Oct 2024
Kansas
Originally Posted by bfflobo
The most efficient way to tax the population is to deflate the dollar, which causes inflation. ( one and the same thing ) Metals off set this theft. Not as an investment, but insurance against purchasing power of the failing fiat currency. Fiat is not money, it is currency. Gold is money that maintains varying amounts of value.



But why settle for a volatile inflation resistant money that simply stores value in the long run when you could instead own an income producing inflation resistant asset (i.e. equity, stock)?


-Joe
Re: Lets get rich. Responsibily. [Re: someGuyInKansas] #8634359
3 hours ago
3 hours ago
Joined: Dec 2006
Oregon 66
bfflobo Offline
trapper
bfflobo  Offline
trapper

Joined: Dec 2006
Oregon 66
Originally Posted by someGuyInKansas
Originally Posted by bfflobo
The most efficient way to tax the population is to deflate the dollar, which causes inflation. ( one and the same thing ) Metals off set this theft. Not as an investment, but insurance against purchasing power of the failing fiat currency. Fiat is not money, it is currency. Gold is money that maintains varying amounts of value.



But why settle for a volatile inflation resistant money that simply stores value in the long run when you could instead own an income producing inflation resistant asset (i.e. equity, stock)?


Stocks and equity vehicles are the ways to invest. ( gains, losses, taxes. All valued in fiat ) Tangible assets are insurance. Some believe both are needed, depending on age, wealth and perceptions of what the future has in store.

Last edited by bfflobo; 3 hours ago.

Clean traps,tight lines,straight shooting
http://i.imgur.com/3sawxE9m.jpg
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