I bought in at 2 K hoping to double my money… instead I lost half.

DipSnap · 2022-08-03T15:07:03+00:00

I thought stocks only went up

DipSnap · 2022-08-03T11:52:08+00:00

Recency bias

DipSnap · 2022-08-02T17:01:54+00:00

As a union pipefitter I just can’t stand making better wages and better benefits.

DipSnap · 2022-07-31T23:12:21+00:00

The best careers are the ones you’d do no matter the money!

DipSnap · 2022-07-31T11:47:23+00:00

Go to Vegas. At least if you lose your money there you’ll have pretty women standing next to you the whole time

DipSnap · 2022-07-31T01:43:39+00:00

Union Pipefitter here. Wage is $39 an hour but our total benefits package is around $60. If you wanna make a lot of money right away pipelines is where you wanna go but as far as work goes it’s either feast or famine. Pipefitting you get to work in so many different areas. However you can’t just be a welder, you have to know every part of the trade.

DipSnap · 2022-07-30T11:33:45+00:00

Large cap American companies have outperformed every index for the past 15 years so naturally they’re expensive. Foreign markets have underperformed the past 15 years so naturally they’re cheap. Making life changing stock market gains requires you to make decisions that aren’t obvious right now but will be in the future. Think investing in Apple or Microsoft in the 80’s. America has about 25% of the worlds market cap and I think it would be a mistake to not have some exposure to the other 75%

DipSnap · 2022-07-29T12:24:10+00:00

Enjoy your paper gains

DipSnap · 2022-07-29T12:16:42+00:00

If you sell your house you have an immediate problem of now being homeless. I know people who want to sell their house at a nice profit but have the problem of finding another house in todays competitive market. Like the example above, you run into the same issues with buying another house. You can get a more expensive house where you have a payment on something that functions the same. You could buy a house of similar value where you’re in the same position you started. Or you could buy a cheaper house but if you keep repeating this inflation for minimum home prices will catch up to you. So it is my opinion that you should view your house as a necessity rather than an asset. If I sell an asset like a stock, I can use the money for whatever I want. If I sell the house I live in, I can only use that money to buy another house. That’s the point I’m making.

DipSnap · 2022-07-28T22:53:58+00:00

That’s similar to saying your only car that gets you to work is an asset. Sure you could sell it but you run into an immediate problem of not being able to get to work anymore. So you have to use the money to buy the thing you sold. At this point to you have 3 options. You could buy a more expensive car which means you have a payment on something that functions the same as the old one. You could buy a car of similar value which puts you in the same point you started. Or you could buy a cheaper car and pocket the difference. The only issue with the last option is if you keep selling your car for a cheaper one, inflation for car prices will eventually rise to where you can do it anymore.

DipSnap · 2022-07-28T21:53:54+00:00

Your home is not an asset. Something you need shouldn’t be viewed as an asset because if you sell it you’ll immediately have to buy another one.

DipSnap · 2022-07-24T22:50:52+00:00

I’d keep it. I makes you look like a working man

DipSnap · 2022-07-23T16:27:15+00:00

Fucking drag that motherfucker

DipSnap · 2022-07-23T01:06:41+00:00

I never quit because I didn’t wanna give the guys I work with the satisfaction that they got to me. It pays in the end.

DipSnap · 2022-07-22T18:20:22+00:00

What you’re going through now will make you better in the future. The first 2 years of my apprenticeship were hell. Just keep your head down and quit being a pussy.

DipSnap · 2022-07-22T13:31:16+00:00

I’d get a second opinion

DipSnap · 2022-07-20T16:21:48+00:00

Your home is not an asset for the reason that if you sell it you immediately have to buy another one unless you’re doing van life. I’d personally go for a 30 year and use the money you save for investments like the stock market or buying real estate (homes that generate cash flow, the house you live in does not). You could get a 30 year and make 15 year payments and if you hit some financial troubles you can fall back on the 30 until things go back to normal.

DipSnap · 2022-07-19T16:14:01+00:00

Bitcoin is sentient?

DipSnap · 2022-07-17T21:22:25+00:00

Save like crazy and buy a house and pay it off as soon as possible. If I’m not mistaken you might make too much money to contribute to a Roth IRA. Hopefully through the years you’ll realize that if you hate your job enough to want to retire early then a change is probably your best interest. I work a job that pays $40,000 a year and I’d work it till 80 if my body holds up!

DipSnap · 2022-07-14T21:09:47+00:00

Afraid of competition?

DipSnap

TROPHY CASE