What You Doing With Your Money?

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Re: What You Doing With Your Money?

Postby Darcy » Wed Feb 17, 2021 9:12 pm

I spend it as I make it, which sucks right now as I'm between gigs. Got a tad in RSPs. My house in the woods is paid off, both 10 year old cars are paid for, kid's school paid off and she's working and living with a decent guy now, wife has a steady Federal Government job, I've got a very marketable skill, so I'm trying to curb spending until I get back to it. Most of my money goes into fishing gear, charters, travel and stupid shit like Randall Knives and Tibor reels, Les Pauls, tube amps... I should probably invest some of it when I get back to work...
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Re: What You Doing With Your Money?

Postby Ozymandias » Thu Feb 18, 2021 6:38 am

My savings are in a very boring couch potato investment portfolio, mainly Vanguard ETFs. I put money in regularly, but have no intention of taking any out until I retire. Rebalance about once per quarter. Covid-19 provided a serious discount on stocks, so it's doing well.

I was also setting aside some cash every month in a "covid-19 fun jar" to spend exclusively on travel once this pandemic is over. Then I realised setting it aside in a 0% interest account for an indefinite period of time probably wasn't the best move...so I invested it in a diversified cryptocurrency portfolio via Kraken. Well, first I signed up for Coinbase but their customer service was so atrocious that I left almost immediately. I hold the 10 largest coins weighted by market cap. That has gone through the roof over the past few months, which should fund some fun adventures once covid-19 is under control!
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Re: What You Doing With Your Money?

Postby el3so » Fri Feb 19, 2021 6:22 am

Ozymandias wrote:My savings are in a very boring couch potato investment portfolio, mainly Vanguard ETFs. I put money in regularly, but have no intention of taking any out until I retire. Rebalance about once per quarter.
Darcy wrote:Got a tad in RSPs.
Boring beats going bust. Time in the market vs timing the market etc.
Ozymandias wrote:Then I realised setting it aside in a 0% interest account for an indefinite period of time probably wasn't the best move... so I invested it in a diversified cryptocurrency portfolio via Kraken. Well, first I signed up for Coinbase but their customer service was so atrocious that I left almost immediately. I hold the 10 largest coins weighted by market cap.
Hard to get more liquid than classic accounts though.
Very small BTC wallet here, internet-only greymarket tokens, some Dutch company, bad transactions fees. Too volatile for serious money IMO but good luck!
I will be burned again.
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Re: What You Doing With Your Money?

Postby svizzerams » Sat Feb 20, 2021 12:51 am

I have a middling portfolio which I pay no attention too, but have accumulated enough to retire this September. YAY. Invested all my mad money into a sizable collection of Canons. I bought a dirt colored 2021 RAM Promaster 159" WB Hightop Van, which is being converted into a camper at this very moment & should be ready sometime in March/April. I'll be off-grid capable. I'll be exploring North America & pursuing a new hobby of fighting voter suppression. I'm keeping my house. My cats need somewhere to live while I'm on the road.

My community is a tourist town with many denizens from Seattle buying 2nd homes here. Our county has the 2nd cheapest electricity in the country. We also have fiberoptic internet, which is provided through our Public Utility District. During covid our real-estate market heated right up as tech workers were sent home in the city & quite a few migrated here.
Joan of Arc went to battle with nothing
but the voices in her head
and a well-sharpened sword ~ Charlotte

...those without swords can still die upon them...

Illegitami non carborundum est
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Re: What You Doing With Your Money?

Postby Kurt » Sat Feb 20, 2021 3:10 am

Darcy wrote:tube amps


This guy from near my hometown in Wisconsin will either help you with your addiction or fix broken stuff.

https://www.facebook.com/superfineamps/

The logo is from a beer brewed in Marathon Wisconsin until 1967. It shut down before we were born but grew up finding the bottles and beer cans everywhere and now in my home town a brewery has rescued all the local recipes from the old, small breweries that popped up before Schlitz, Budweiser and Miller took over everything and it is being brewed again.
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Re: What You Doing With Your Money?

Postby Darcy » Sat Feb 20, 2021 4:12 pm

Very cool! I rebuild old amps from the 50s and 60s, get my vintage parts from a few different suppliers, but I'll check him out. For my own use mostly. I build my own cabs too.

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Re: What You Doing With Your Money?

Postby Kurt » Sat Feb 20, 2021 4:39 pm

Holy shit.

Another friend of mine makes his own effects pedals from analog electronics.

Must be something about growing up in a cold area.
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Postby el3so » Sat Mar 06, 2021 4:28 am

ROB wrote:I am all in cash, company and a bit of real estate at the moment. Got a bit of analysis paralysis to be honest.
Too late by now, getting was good mid-March April 2020. Might as well wait for the big downturn, hop in then. Always been in way too deep to divest completely even back in january 2020 like Tarkan claims he did, can't time the market unless you consider all of it gambling (which I do btw) but I haven't heard of any legal alternatives.

Whole stock market is driven by the bigger fool theory anyway, more people getting in means more fools.
I will be burned again.
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