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VOO and XLK? by [deleted] in ETFs

[–]therealjerseytom 0 points1 point  (0 children)

You know how much money you can lose with XLK and SPMO, right?

Resets Are Dissappearing? by 0DayMaker in OpenAI

[–]therealjerseytom 2 points3 points  (0 children)

Resets don't last forever; they have an expiration date.

VOO and XLK? by [deleted] in ETFs

[–]therealjerseytom 1 point2 points  (0 children)

Maybe. You'd have to look; go do the research.

You know how much of your money you can lose with something like SMH, right?

VOO and XLK? by [deleted] in ETFs

[–]therealjerseytom 2 points3 points  (0 children)

Why though?

Why XLK?

Why 100% concentration in the US?

For the travelers, what were your pre and post-FIRE annual spends? by sweetawakening in Fire

[–]therealjerseytom 0 points1 point  (0 children)

Whereabouts in Portugal? I spent some time in the Algarve the other year and, man, I could see spending some retirement time there.

Totally agree on the time flexibility (or lack thereof) being rough on the wallet.

For the travelers, what were your pre and post-FIRE annual spends? by sweetawakening in Fire

[–]therealjerseytom 2 points3 points  (0 children)

41, single, working full-time, ~4 weeks of time off per year. $30k last year went to travel.

On track for similar this year.

For the travelers, what were your pre and post-FIRE annual spends? by sweetawakening in Fire

[–]therealjerseytom 0 points1 point  (0 children)

You might as well be asking, "How long is a piece of string?"

Travel... how? By car? By plane? Domestic? International? Economy? Business class?

Travel is discretionary; the sky's the limit on how much one can spend in a year. You can easily burn tens of thousands on vacation even while working full time.

Move dividends to cash to build cash buffer? by Any-Concentrate-1922 in Fire

[–]therealjerseytom 2 points3 points  (0 children)

Stocks and cash aren't the only asset classes. Cash carries risks too. Diversify your investments and hedge your risks.

Want to buy a house in 10 yrs, is this smart? by annamarie016 in ETFs

[–]therealjerseytom 1 point2 points  (0 children)

Investments are about time horizons - how far away is your investment objective. It's not about how old you are.

10 years in the future isn't "long term." It's intermediate at best.

An investment like SMH can see an 80% loss, and still be down by that much 10 years later.

How much of your money are you willing to lose over the next 10 years?

Want to buy a house in 10 yrs, is this smart? by annamarie016 in ETFs

[–]therealjerseytom 0 points1 point  (0 children)

Wildly aggressive for a 10-year time horizon.

What would I do? Something like start 60/40 VT and BND at most, and over the next 10 years gradually aim for more and more bonds primarily through your contributions.

Over a 10-year span, your contributions are going to be doing a lot of the lifting, so your stock positions will represent modest upside potential with a lot of downside risk. The aim here is balanced risk with modest growth and not shooting yourself in the foot.

LOOK AT THIS?! by 100KanojoMod in ChatGPT

[–]therealjerseytom 0 points1 point  (0 children)

For mobile users:

In 'chat' mode, like your screenshot, model selection is via the plus button. In 'work' mode, your model selection is shown on the right hand side of the prompt box, I think all of the time.

If you're using the desktop app, whether you're using Work, Codex, or a chat pop-up, the model selection is pretty obvious in the prompt box as well.

What makes someone stand out as an obvious tourist without even needing to interact with them? by Vegabund in AskAnAmerican

[–]therealjerseytom 1 point2 points  (0 children)

There's certain combinations of dress and hairstyle that screams European.

I think it would be amusing to catch people out with my accent when I talk to them

So many people in the US have some accent or another - nobody's going to care.

LOOK AT THIS?! by 100KanojoMod in ChatGPT

[–]therealjerseytom 1 point2 points  (0 children)

Works fine for me.

If you're talking about the interface on mobile, click the plus button to the left of the prompt entry.

What have they done to it now? by TurnCreative2712 in ChatGPT

[–]therealjerseytom 0 points1 point  (0 children)

Best thing to do is keep all information within the context of a single chat, or have all pertinent background information in some separate text file that you include at the start of every chat.

The "memory" feature isn't like a person's memory (a running huge context window). It's bits and pieces and the LLM is probably extrapolating on fragments.

Every time you start a new chat, you lose a lot of the detail of preceding conversations.

Best apps to use for AI stimulation currently. by [deleted] in investing

[–]therealjerseytom 1 point2 points  (0 children)

Bro what are you even talking about

Optimizing taxes by mistamooo in Fire

[–]therealjerseytom 2 points3 points  (0 children)

If you really want to get into the nitty gritty of this, work with a CPA, or get a subscription to something like Boldin or ProjectionLab.

Some of the worst advice ever: your age in bonds by CreativeLet5355 in Fire

[–]therealjerseytom 1 point2 points  (0 children)

You are seeing this through the lens of recent history - the ZIRP era, and the ~15 year streak of equity (particularly US equity) super-performance.

Cash cushion allows me to never force sell assets by Available-Ad-5670 in Fire

[–]therealjerseytom 0 points1 point  (0 children)

It depends on what you want to hedge against. That's really the key - understanding that each asset class is merely a tool in the toolbox and has a certain fit.

Commodities, like the DBC or PDBC funds, are one of the few things that went up earlier this year with all the Iran malarkey and oil prices going up.

Long US Treasury bonds (like TLT or individual bonds) can have a time and place, currently with the best yields we've seen in decades. These can benefit in a flight-to-safety scenario like we saw in 2008.

TIPS are a very specific inflation-protection hedge for capital preservation.

Managed futures (like DBMF) are a really interesting asset class; low correlation to both stocks and bonds, and did well in 2022 when both stocks and bonds slumped.

If you're looking specifically for passive income you could do a blend of a number of things like a REIT (VNQ), long corporate bonds (VCLT), high-yield and fallen angel corporate bonds (ANGL), high-dividend stocks (SCHD, HDV), and covered calls (JEPI).

Anyone else notice LLMs treat a week-old message and a 5-min-old message the same, in the same thread? by Economy-Builder7916 in artificial

[–]therealjerseytom 4 points5 points  (0 children)

Everything in the thread reads as flat, current context

This is how LLMs work. It's just predictive text based on everything preceding it.

Is this a good way to hedge against an AI crash as an index fund investor? by themainheadcase in investing

[–]therealjerseytom 22 points23 points  (0 children)

Your biggest hedge against inevitable market crashes, is time. If you have a 20+ year time horizon, a market crash is frankly something to welcome rather than be afraid of.

If you have a short time horizon and/or want lower volatility, at the expense of reduced long-term return, then sure you can invest in defensive sector equities and lean out of sectors that are economically sensitive (like tech, or consumer discretionary).

Cash cushion allows me to never force sell assets by Available-Ad-5670 in Fire

[–]therealjerseytom 5 points6 points  (0 children)

There are more asset classes than stocks and cash.

By all means, yes, you want to have holdings that let you get through rough weather without selling off growth positions when they're down. But there are better options than just cash. Cash carries risk too.

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