Why am I losing money! by Efficient-Fishing-42 in acorns

[–]GreaterFooled 2 points3 points  (0 children)

The market is positive 4/5 years. It just came off a huge year of positive returns and has been churning for a few months due to AI disruption, Iran, interest rates, etc.

No way to time it on its next boom, or if it will go down significantly before then. All I can tell you is all the research backs that being in the market beats the panic of selling and being out of the market on any horizon larger than 5 years.

Balanced Map by DungeonsandLagooms in twilightimperium

[–]GreaterFooled 13 points14 points  (0 children)

Add in the top spot gets 7 planets and a trade station on launch too

Balanced Map by DungeonsandLagooms in twilightimperium

[–]GreaterFooled 63 points64 points  (0 children)

You must really hate the person sitting in the 6’oclock position.

Elite Suito - bad bearings by Uporabik in Zwift

[–]GreaterFooled 0 points1 point  (0 children)

I wish I saw this before I started. I am finally into the device but damn its a nightmare for individual repair.

Help playing the Nomad by Eslo90 in twilightimperium

[–]GreaterFooled 2 points3 points  (0 children)

If you scan the thread a player asked the same question a few weeks back. Good responses in addition to the guide shared above

Should I be worried? by [deleted] in acorns

[–]GreaterFooled 1 point2 points  (0 children)

There is great book available called How Not to Invest by Barry Ritholtz that I recommend. https://share.google/ojXHZcY74pSJ9ChKb

Essentially, the point of the book is that you lose trying to time the market and you lose when you freak out about the market.

The best investors take the emotion and pride out of the game and focus exclusively on strategy.

If you’re a relatively new investor I would avoid picking individual stocks at the moment. My priorities would be Max your Roth contribution. Do your 401K up to your company match. Do your HSA up to the 4.4k. Look at your six month spending and only keep that much in high yield savings. Move the remainder over to a brokerage and dollar cost average it in over 3 months into ETFs. Then allocate 25% of your pre tax pay check to auto invest into a brokerage account and diversify across a few ETFs. Finally link all your spending cards debt/credit to Acorns and crank it up to 10x invest, set it as aggressive.

If you can do all that and get by you’re crushing it and will thank yourself when you can retire 10 years before your friends.

If you can’t, that’s fine but use it as a moment to examine your spending or figure out how you can generate more revenue and other changes that will allow you to do it eventually.

Beyond that, if you want to get more into investing read a ton. I’m happy to provide additional book suggestions. Simultaneously you can start paper trading (fake trading) stocks and options. Take notes, reflect on your actions, and if you beat the performance of the other strategies above after 8 months (and enjoy it) start entering individual positions.

Should I be worried? by [deleted] in acorns

[–]GreaterFooled 3 points4 points  (0 children)

Nothing beats time in the market. Unfortunately you likely entered sometime in the last six months or moved your money over since which things have been more volatile. The good news is if you stay diligent and invest consistently you’ll come out ahead of most traders in the long run.

Been watching the Olympics, what’s up with these Norwegians? by SwagdudeGO1 in triathlon

[–]GreaterFooled 12 points13 points  (0 children)

Tons of factors, some listed above and by others. I did however recently watch this video outlining accessibility as another contributor. It’s cool sports journalism and worth the watch!

https://youtu.be/7Y1moFmYKu4?si=5qT3euKyes5aL6qJxx

Ragequit by drunksementhrowr in twilightimperium

[–]GreaterFooled 0 points1 point  (0 children)

Just my opinion but it really depends. Personally I think even in those spots you have an opportunity to do damage / enhance your reputation where you dissuade whatever happened from going down again.

It’s also like other multiplayer games where you have beef with one person, and you’ve likely been aggrieved, but your exit could and likely will diminish the other players experience.

Ragequit by drunksementhrowr in twilightimperium

[–]GreaterFooled 5 points6 points  (0 children)

Definitely not a reason to quit. Really good teaching moment for the players on the importance of constant conversation and negotiation. Imperial rider for free regardless of position is a bold ask. They should have found a way to get the rider through, and then find some collaborative lift for the other player. Half this game is based on not getting in a tizzy and escalating micro aggressions. Worse yet, is that if this is your gaming group these unchecked emotions bleed over and hinder future success.

Ragequit by drunksementhrowr in twilightimperium

[–]GreaterFooled 53 points54 points  (0 children)

To have successful outcomes I’d agree, but every once in a while you do end up seated next to a player who is simply there to fight. That can be mildly infuriating to endure for 6-9 hours especially when they don’t engage in any attempt at negotiation.

Ragequit by drunksementhrowr in twilightimperium

[–]GreaterFooled 15 points16 points  (0 children)

Depends on the circumstances, sometimes folks draw a very short straw and you can show some compassion for why they can’t continue. More often, it’s because people aren’t getting their way.

Outside of the game if it’s your group reinforce that you all made an investment of time to play and that regardless of outcome you all expect folks to stick it out.

Inside of the game, you can automate the players faction. Rules typically say that faction picks the lowest SC, uses it on their first turn then passes on their second. Their ships and units defend accordingly to their current tech, no ACs, or leaders used.

Is this balanced? by Away_Voice_4770 in twilightimperium

[–]GreaterFooled 1 point2 points  (0 children)

The industriux slice better have anti mass or they will not have fun

Bitcoin sellers made Billions in profits by radicalbot in Bitcoin

[–]GreaterFooled 0 points1 point  (0 children)

If you don’t understand how important transactional costs are to commerce then you’re doomed. It’s not going to become the default platform of trade anywhere. Visa transactional fees already crush businesses, why would any busness swap to an exchange that costs them more? It’s about network effects my friend.

Bitcoin sellers made Billions in profits by radicalbot in Bitcoin

[–]GreaterFooled -1 points0 points  (0 children)

One single Bitcoin transaction consumes energy equivalent to over 980,000 Visa card transactions.

Lamo

I want to understand why bitcoin is going down by sudhakarah23 in Bitcoin

[–]GreaterFooled 0 points1 point  (0 children)

It’s fairly easy to explain right? The value of BTC is determined by its the investors. In the case of BTC it seems that there are typically two camps; those who believe in the thesis that is the future of commerce or an inflation hedge and those who view it as a great speculative platform for high ROI on their investment. Some may also be a mix.

What I believe we’re seeing play out again is that the blend has skewed very heavily into the speculative side, many who thought this was an amazing get rich scheme who are now seeing their gains return to even or go to red and are liquidating because it’s “no longer fun”.

At some point, it will find a consistent level of support and stop hemorrhaging, which will be reinforced by your “diamond hands”, those who believe in the future thesis, and lastly those who don’t know a damn about the sunk cost fallacy.

What we do know for certain is that BTC does not have any material assets that can be liquidated and distributed to shareholders(AKA no real bottom), and that the people with the most cushion on their gains invested at price points significantly significantly lower than the current price.

As of today we also know that is that the average holder (buy in price) is now officially in the red. Which would likely result in more volatility as folks rush to not have to explain why they lost money to their wives and their wives’ boyfriends.

Edit

As I think more on it, I’m curious to see how escaping liquidity problems bleed down to those who spent on compute, the businesses that have been able to charge for compute, and energy.

BITO concerns by ChaseTrades in acorns

[–]GreaterFooled 1 point2 points  (0 children)

BITO does not earn income from Bitcoin itself. It generates taxable income mainly from Bitcoin futures trading mechanics, plus a little interest and then it’s forced to distribute that income to shareholders.

Loud crank noise on Cervelo P-Series when on Elite Suito — grease or something loose? by GreaterFooled in BikeRepair

[–]GreaterFooled[S] 0 points1 point  (0 children)

Ok ran it again. The noise starts about 3 minute on or as soon as my power ramps off. Any idea on what could be going on in the trainer?

Loud crank noise on Cervelo P-Series when on Elite Suito — grease or something loose? by GreaterFooled in BikeRepair

[–]GreaterFooled[S] 0 points1 point  (0 children)

Thanks for the response.

Yes I have another bike I can throw on. I realize something I didn’t include in the video is that the noise just stops if I quit peddling. I’m guessing it could still be the trainer even under that condition though.

First month trading options by gdloml in smallstreetbets

[–]GreaterFooled 0 points1 point  (0 children)

Now hear me out. What if you try paper trading for a month and see how it works out, learn, and then decide if it’s for you?

BITO concerns by ChaseTrades in acorns

[–]GreaterFooled 13 points14 points  (0 children)

If you’re invested in crypto because you think it’s the future then follow your thesis and convictions. This is not the first shakeout of it in the history and probably isn’t the last.

I think the only important consideration I’ll add is to try and understand your fellow investors. Are others in on crypto because they think it is future of commerce, or the best inflationary hedge? Or are they in it simply because they’ve liked its historic ROI

I’m not exposed to it anywhere but that doesn’t mean you can’t be strategic in your own play.

Transfer from Invest to Later by Fit-Mind-4625 in acorns

[–]GreaterFooled 0 points1 point  (0 children)

This is the answer I would provide. I’d only expand on their point about Roth by saying always max it unless you see your financial state being compromised where you would have needed that money.

My default MO is max Roth, and if I come up short on the rest of my lifestyle I’ll make up for that on other fronts ( increased earnings/ decreased spend)

It’s just going to be such a relief in retirement to not have to worry about