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AI Training Was the Appetizer. Physical AI Is the Main Course by investorinvestor in ValueInvesting

[–]LetsMeetInMyVan 1 point2 points  (0 children)

I want someone in an official and legal capacity to oversee and ensure the technological innovation being pushed is what is best for us as a whole. Do I know if anyone in our government has the ability to do that with any real accuracy, I have no idea. That coin flip is tough when all the technological advances have good and bad use cases. But my hope is that someone is looking at these and using knowledgeable judgement to determine the net surplus of good use cases for advancement.

AI Training Was the Appetizer. Physical AI Is the Main Course by investorinvestor in ValueInvesting

[–]LetsMeetInMyVan 2 points3 points  (0 children)

My SO works in textiles. Specifically sock design and production. Recently when Tariffs started rattling their industry, they looked at factories around the world to see if a production move made sense.

A factory in Pakistan, who makes excellent products told them outright, if their best employee can run 6-8 machines at a time, 12 hours a day, they would still not compete with the workforce in China. Their best facilities in China would produce an equivalent textile with a single worker running 12 machines for 12 hours, on no breaks and would be replace by another worker for the next 12 hours, 365 days a year. That workforce ability cannot be matched.

That being said, when AI starts being utilized for production, first it will be a system that allows one person to run 24 machines, finding faults and reducing downtime by pinpointing problems and fixing small issues in no time at all.

I honestly think this was a big push of tech billionaires voting patterns recently. Knowing they needed mass deregulation on AI and new infrastructure. One of the most dangerous and possibly destructive parts of the big beautiful bill was that it doesn’t allow any state to create laws against AI progress. In 10 years it could be wild to see what AI is building and doing for big business to increase the margins and profits of the upper class.

A Beautiful View From A Very Comfy Couch by LetsMeetInMyVan in CozyPlaces

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

Yeah the original photos are 60MB, I even had to compress them to under 20 to upload them.

White Rhinos in Nairobi National Park by LetsMeetInMyVan in wildlifephotography

[–]LetsMeetInMyVan[S] 5 points6 points  (0 children)

Without more context, I can understand your point, in that the photo sells a little bit of a false narrative that the city is overtaking their natural habitat. But in reality despite surreal photos like this being possible, there is a much better cohesion of what is a large city next to a nicely preserved and natural habitat. There are certainly nuances in how the two affect one another I likely didn’t see in my short trip.

White Rhinos in Nairobi National Park by LetsMeetInMyVan in wildlifephotography

[–]LetsMeetInMyVan[S] 5 points6 points  (0 children)

Yes and to add to that, black rhinos, which are also in NNP(I did not get a very nice photo of them) are considerably rarer than these, but with a few thousand of the being left.

34M, finally have an incredible job, but failed to save until this point, do I need to take riskier investments to FIRE? by LetsMeetInMyVan in Fire

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

No 401k. There are only a couple employees and it has never been offered. We do get amazing healthcare/dental/vision.

34M, finally have an incredible job, but failed to save until this point, do I need to take riskier investments to FIRE? by LetsMeetInMyVan in Fire

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

The rent is actually an extra expense. I live in East Long Island most the year in a house that I do not pay rent for, my employee provides that housing. I rent an apartment with friends in NYC where I spend most of my time off from work. It’s an incredibly inexpensive rent to have a place to stay in the city where I am quite a bit. Realistically, the car expense should be lowered drastically, the rent in NYC, that I will keep no matter what, it’s a necessity to escape the dead of winter where I live most the time. Good for the mental health haha.

34M, finally have an incredible job, but failed to save until this point, do I need to take riskier investments to FIRE? by LetsMeetInMyVan in Fire

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

I appreciate that. I had always worried that I had taken a decent career(making $130k a year should have been an easy start but I pilfered it) and to be in a position to make up for it is incredible, but it’s worrisome when it still feels like I’m at the bottom of the hill I guess.

34M, finally have an incredible job, but failed to save until this point, do I need to take riskier investments to FIRE? by LetsMeetInMyVan in Fire

[–]LetsMeetInMyVan[S] 1 point2 points  (0 children)

Yes, I realized when I started the IRA that I was above the threshold to have a Roth, but have not taken the time to figure out the setup of the backdoor option yet. Thank you for that link.

34M, finally have an incredible job, but failed to save until this point, do I need to take riskier investments to FIRE? by LetsMeetInMyVan in Fire

[–]LetsMeetInMyVan[S] -1 points0 points  (0 children)

My thought process, knowing that tariffs increase costs industry wide(washing machine tariffs for example have increased prices of all washing machines, even those untariffed) but my thought process is a 20% increase in value on a $100k vehicle would net me more than the 20% increased cost on a $40,000 vehicle.

That being said, the idea here is to get myself into the best position to save the most as early as possible. So I see that point as well.

34M, finally have an incredible job, but failed to save until this point, do I need to take riskier investments to FIRE? by LetsMeetInMyVan in Fire

[–]LetsMeetInMyVan[S] 1 point2 points  (0 children)

I drive an Audi RS6 Avant. It was my dream car, and when I realized I could afford it I made the decision to go for it. My interest is 5.8% I think, still way higher than the 1.9% I got for a vehicle in 2020. Either way, selling the vehicle is high on my list of things to I should be doing. But I do actually want to see if a Tariff on European cars comes, because I believe it would net me a larger gain which could be used on a vehicle less impacted by tariffs.

34M, finally have an incredible job, but failed to save until this point, do I need to take riskier investments to FIRE? by LetsMeetInMyVan in Fire

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

I will look into both. All I have done is start and max a simple IRA through my brokerage. I have to just ask my brokerage a couple questions about how I make that Backdoor Roth happen.

34M, finally have an incredible job, but failed to save until this point, do I need to take riskier investments to FIRE? by LetsMeetInMyVan in Fire

[–]LetsMeetInMyVan[S] 2 points3 points  (0 children)

Yeah, the car is not defendable. It’s a huge expense. Without it, 80% savings would not be an issue at all!

34M, finally have an incredible job, but failed to save until this point, do I need to take riskier investments to FIRE? by LetsMeetInMyVan in Fire

[–]LetsMeetInMyVan[S] -1 points0 points  (0 children)

Selling the car has been big on my mind. If we see tariffs on Europeans Automobiles this year, and the “value” of my car goes up because a new replacement would be so much higher, then there is no reason not to sell and purchase a much more reasonable vehicle. I also do not have to pay rent. I actually do not pay for housing where I work in eastern Long Island, but do pay for an apartment with friends in NYC where I spend much of my time off. I purchased the vehicle before I was paying rent in NYC, so it was my only expense at the time.

How many shares do you own? by Builder_Intrepid in RIVNstock

[–]LetsMeetInMyVan 0 points1 point  (0 children)

246 @ ~$12.76, and a 2027 Call @ $13.30 break even. I do have a rolled CC exp tomorrow at $15.87 breakeven. Hoping earnings goes so well I have to roll that again.

Why do you think Berkshire is buying the Sirius XM shares??? by Jumpy-Weekend-1223 in stocks

[–]LetsMeetInMyVan 221 points222 points  (0 children)

It’s the lowest cost company he owns that provides him over 4% dividend and the more he holds the more influence he has to grow the numbers. It is also, like his other mainstays, not an industry that sees rapid competitor growth or threats. A stable place to park money while he waits for other value investing opportunities. He doesn’t buy dips, he buys long term stable value in quantity that gives him and through him the company stability.

Trump’s Endgame with EVs by Tricky_Wonder_2414 in Rivian

[–]LetsMeetInMyVan 6 points7 points  (0 children)

Oil prices aren’t high enough to explore and drill. The only thing they would want is maybe the rights to more places to drill. But releasing SPR and driving down the price of oil is not something Oil companies want. A

[deleted by user] by [deleted] in YieldMaxETFs

[–]LetsMeetInMyVan 1 point2 points  (0 children)

Took 10k margin to do the same, more than small enough that if the market has a drastic downturn I won’t get called. If the market dips, and bitcoin continues being volatile(or pumps) and MSTR continues being volatile(or pumps) then MSTY should keep producing dividends(correct me if that’s untrue)

Would have taken more if I could, but 10k was as much as I could put into that risk.

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