Damn depressing right there.

This is the equivalent to pushing the button on the nukes and then trying to live on afterwards. What's the point? And how greedy do corporations have to be?

Depressing, totally incorrect, and full of fear mongering. I work in upper management for one of the top 3 construction and agriculture equipment manufacturers in the world. I’m an expert in lean manufacturing and on the front lines of manufacturing robotics and innovation. While it is true that some jobs in manufacturing have and will continue to be replaced by automation, it will be nowhere near the levels he is predicting.

I've been thinking this way lately. Better to take some trips now before I retire than after when I'm on a fixed income. Going to Vegas next month! Never done something like that but I worked my ass off and received a nice bonus so I'm already playing w/house money.

Course I'm also the guy that eats leftovers every day and only eats out with coupons. I'm on the path to retire in less than 10 years. Shooting for 5.

I've seen all these numbers that obviously support saving earlier in life gets you better gains in the long run but many ignore the always decreasing buying power of the dollar and how your earning power typically goes up. Say you get a 6% return on your investments but inflation eats 3% of that. Sure putting 100 a month in savings 20 years ago would net me more than if I started putting 200 a month away now but 100 dollars went a hell of a lot further 20 years ago and was a much larger chunk of my income than what 200 is now.

The trade off that is never part of the equations is life opportunities you sacrifice early on like trips and concerts with friends/family or buying things that bring you joy just to save more. Life experiences mean more to me than money. Finding balance is what's important. I don't care about dying rich if I missed out on things in my life to do it. The key is finding a balance between enjoying your life but protecting yourself enough for the future.

There is no guarantee that anyone in this thread is alive tomorrow.

There needs to be a balance between now and the future. I’m not suggesting that anyone live beyond their means but obsessing about the future is detrimental to the present.

Enjoy life.

I typed a long post out earlier that you summed up just now.

Eek, sorry man, I didn’t see it.

All credit goes to you. :D

That's the other Cooper Barrett, A Hillary supporter, fresh out of FL State and living is southern CA. look him up.

Yes I do, your money is tied up in a stock that under preformed the S+P over all, for the last 30 years. That being said the stock market has never grown a such a fast rate as it has in the last 10 years.

As far as cherry picking, let the pot call the kettle black.
All I did was compare the 10 years of your Berkshire Hathaway "B" stocks to companies that are and were well known names, most of who were well established. I see neither of the BH stocks beating Budweiser over the last 10 years either. Budweiser paid a healthy dividend when BRK does not.

I am sure someone here is impressed that you own a substantial amount of the "B" stock,03/06/2018 - $204.55, and don't know the difference of the A stock worth $307,005.00 a share. $306,800 difference between shares.

I am glad you think I'm broke, actually I don't give a **** what you think, You're the braggart saying you have a $1.4 M portfolio and are highly invested in a stock that has over the last 10 years only delivered a 8.65% return. With an inflation rate of 2.5% your real earnings are only 6%. S+P did better!

1926-1956: +10.77%
1956-1986: +9.63%.
1986-2016: +9.99%

I am going back to my point of saving so you have the opportunity to invest in the big leagues, Save money every month so you can buy in on Walmart in the 70's Home Depot in the 80's, Amazon in the 90's, Apple in the early 2000's. and so on.

It doesn't take a rocket scantest to see that Home Depot 30 years after its IPO not only whooped the shit out of BRK on value, but paid dividends too.

BRKb
Start date: 03/07/2008
End date: 03/06/2018
Start price/share: $89.24
End price/share: $204.55
Dividends collected/share: $0.00
Total return: 129.21%
Average Annual Total Return: 8.65%
Starting investment: $10,000.00
Ending investment: $22,929.58
Years: 10.00
Does not pay dividends

HD
Start date: 03/07/2008
End date: 03/06/2018
Start price/share: $25.88
End price/share: $181.64
Starting shares: 386.40
Ending shares: 500.84
Dividends reinvested/share: $17.06
Total return: 809.73%
Average Annual Total Return: 24.70%
Starting investment: $10,000.00
Ending investment: $90,976.07
Years: 10.00
Plus pays $2k a year in dividends in 2018

Bud
Start date: 07/01/2009
End date: 03/06/2018
Start price/share: $38.50
End price/share: $112.76
Starting shares: 259.74
Ending shares: 321.82
Dividends reinvested/share: $21.47
Total return: 262.88%
Average Annual Total Return: 16.00%
Starting investment: $10,000.00
Ending investment: $36,292.19
Years: 8.68

Plus pays $1200 a year in dividends.

If you would have invested $500K in Home Depot jan 1, 2015 you would own 4950 shares of stock paying a dividend of $1 a share 4 times a year. ($19,800 a year) without touching the principals.

The value of your $500K investment would also be an eye popping $976K.

If you had $500K in BRK Jan 1, 2015 today you would have no dividend income ($60K) and a value of

Wait for it..


It's going to blow you away...


$675082

A difference of $301,000 plus the 60K or $361,000

Yes I do own HD stock I purchased $5K in 2010, another $5K in 2011, now worth just shy of $78K paying a dividend of $1430. in about 2 weeks.

F ****ing YI If you would have invested in HD 5 years after the IPO a $5K investment would be worth $3,708,789 and your dividend check would be.$79K a year.

So you don't have to be lucky or sign on with the devil to make serious money every year and never touch the investment...

Go ahead repeat this three times slowly "I'm late to the party"ROFLROFLROFLROFL

Very well said DMC.:hmmm:

I lost a good friend just under my age to the big C and he told me he always was jealous of me taking a few years after the kids graduated (and the divorce)to do what I wanted to do. He called it "kicking the **** out of the bucket"

He left his wife with 2 successful automotive repair businesses with competent management, paid for real estate, and I am sure enough life insurance to choke a wild boar, but I know when he passed the biggest regret, other than not being there for his wife and 2 kids, was being tied down to grind stone and never "kicking the **** out of the bucket".

I think taking time out in the middle of my life was one of the things I would recommend to everyone.

It was long winded and I didn't post it lol.

Your comments on college bear discussion.

It certainly impacted me paying my own way. In fact a big selling point for me on the college I chose was tuition cost. It checked all the other boxes, AACSB accredited business school, a long way from home, reasonable campus, no giant red flags, but you can bet your ass I was listening when the gal told me "lowest cost 4 year tuition in in the state".

Causation/Correlation argument applies, I may have been paying attention because I'm pragmatic, but it definitely made me take a look at the value of dollars spent (borrowed).

I imagine like everything else it depends on the kid, but I've seen enough people absolutely **** off classes without a concern of the cost or the damage they do to their career that it is at least a discussion worth having.

I think you missed the point...my post wasn't about the length of your life...that shit can end on a dime. It was about not subjecting my children to what's going to take shape in the future.

They will be like me...and notice minutia and manipulation. The microchip has introduced a new level evil (term used loosely)...to those that look at every technical advancement as a way to exploit/monopolize/control.

I lived before the internet and grew with it. Things are NOT better now...just basic life functions are more convenient/immediate. There are more suicides than ever...and that should be the measuring stick for societal happiness/well being.

The master plan was always to make those in bondage not only accept their servitude...but convince them to love it.

When your police/military start looking like storm troopers...it's a tell-tale.

You may very well be the dumbest poster on the planet.

There comes a certain point where you become less concerned about growing your wealth and more concerned about protecting it and maintaining it.

If you are at that point, you aren't late to the party, you are already at it.

You make a lot of assumptions about my money. I've never said what my net worth is, and it really isn't anyone's business.

What I have said is that $1.4M isn't as much money as a lot of folks think it is; I said that because that was what was being recommended earlier in the thread. I say that because I work in health care policy--I have a pretty good idea how much it costs to get old. It ain't cheap and you can blow through $1.4M in nothing flat. I've seen families who are shocked that they lose everything because Mom had a stroke or Dad developed alzheimers--and then they didn't die a quick death.

Here's the thing: Most financial planners don't talk to you about that kind of stuff because it is bad for business. When people talk about retirement planning, they want to talk about how much money they will live on and enjoy life--no one wants to hear that when they get old, there is a high probability that they will become disabled. When you start talking about health care costs and long term care costs for the elderly, if you aren't well insured for that (and that is expensive), you're pretty well ****ed.

Like I said in my earlier post. I was able to save and invest early. I was an anomaly because I was single, no mortgage, no debt, no bills. I also said part of it was discipline and part of it was luck. And I'm not stupid enough to discount luck. I was really lucky on some stocks, but my real luck stems from the fact I was lucky enough to have a mother who prepared SEC filings for a major public utility so she had the necessary skills to really understand earning statements and balance sheets of companies I tended to invest in. She was very good at her job. She retired when she was 49. She also had a keen eye for emerging technologies and stocks. For example, she was a very early adopter of ebay; early enough that her user name/seller ID consisted of two characters. She gave me a lot of great stock tips. That's the kind of "luck" most people don't have.

She didn't give me money to invest. I had to be an adult and make and manage my own money. That is where the discipline comes in. Having that combination of luck, discipline, and favorable circumstances where I had money to invest when I was younger that a lot of people my age at the time didn't have is also why I don't have a lot (relatively speaking) of money left in the market anymore, and what money I do have in the market is in stocks that have little to no volatility.

This may come as a surprise to you, but there are other ways of generating wealth that aren't tied to the market.

So you've managed to invest $10K in Home Depot and it has appreciated over time. Congratulations. Go you.

I would go ask your mommy why you're holding a vast amount of what sure looks like a turd stock at 8.75% return with no dividend that IS directly tied to the market.



If wish Fuzzy's Spirits would go public, until then, I'll just sip on this bottle of this 100X that was left on my door. Just think, dividends in a martini glass.

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