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Author Topic:   Why There Are Gold Bugs & Silver Stackers
Percy
Member
Posts: 22679
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.7


Message 14 of 64 (916896)
03-15-2024 5:16 PM
Reply to: Message 8 by Theodoric
03-15-2024 4:08 PM


Re: Hard Ass(ets)
Theodoric in Message 8 writes:
My grocery budget is running at least 25% higher than a year ago.
Bullshit. Provide facts and figures.
According to Quicken, we spent almost exactly 25% more on groceries over the last 12 months than we did the prior 12 months.
This shocked me, but my wife and I figured out that when she's gone to Costco with her friends over the past year she has used her credit card (because she's the member) and her friends reimburse her in cash (which she spends on who knows what, but I know better than to go there), but we can only guess at the amount of the reimbursements. A very rough estimate is that our grocery bill is actually up about 15%.
--Percy

This message is a reply to:
 Message 8 by Theodoric, posted 03-15-2024 4:08 PM Theodoric has replied

Replies to this message:
 Message 18 by Theodoric, posted 03-15-2024 9:44 PM Percy has not replied
 Message 21 by Theodoric, posted 03-15-2024 10:32 PM Percy has not replied

  
Percy
Member
Posts: 22679
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.7


(8)
Message 16 of 64 (916899)
03-15-2024 5:40 PM
Reply to: Message 15 by Tanypteryx
03-15-2024 5:21 PM


I've probably told this story before, but anyway, I used to manage my own stock portfolio. I did all my own research and made all the decisions about when to buy and sell. After about 10 years I was totally disgusted with how badly I'd done and completely abandoned the effort. Whatever stocks I owned when I quit just sat there, untouched. I didn't check broker statements or notices of shareholder meetings or annual reports or anything. I just dropped the whole business.
About 20 years later as retirement was getting closer and it was time to start managing our money better I finally took a look at my old stock account. It had done fantastic! Ignoring it and doing nothing was the best strategy.
--Percy

This message is a reply to:
 Message 15 by Tanypteryx, posted 03-15-2024 5:21 PM Tanypteryx has seen this message but not replied

Replies to this message:
 Message 17 by dwise1, posted 03-15-2024 7:48 PM Percy has not replied
 Message 44 by Phat, posted 03-24-2024 3:50 PM Percy has seen this message but not replied

  
Percy
Member
Posts: 22679
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.7


(3)
Message 30 of 64 (916932)
03-17-2024 7:29 AM
Reply to: Message 29 by Theodoric
03-16-2024 4:09 PM


Re: Hard Ass(ets)
Theodoric in Message 29 writes:
Just a Gish gallop with no responses to actual arguments made.
More like the mystifying musings of a man in the midst of a mania that makes him manufacture a morass of misapprehensions from YouTube.
--Percy

This message is a reply to:
 Message 29 by Theodoric, posted 03-16-2024 4:09 PM Theodoric has replied

Replies to this message:
 Message 31 by Theodoric, posted 03-17-2024 10:32 AM Percy has not replied

  
Percy
Member
Posts: 22679
From: New Hampshire
Joined: 12-23-2000
Member Rating: 3.7


(2)
Message 62 of 64 (917220)
03-26-2024 6:04 PM
Reply to: Message 61 by Omnivorous
03-26-2024 5:42 PM


Re: Assets and Liabilities...Unfunded Obligations?
Omnivorous in Message 61 writes:
NB: Spell check wanted to change pervy to Percy, so beware.
Mine wants to change it to perky!
--Percy

This message is a reply to:
 Message 61 by Omnivorous, posted 03-26-2024 5:42 PM Omnivorous has not replied

  
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