As long as he’s keeping an actual FIRE amount pretty safe, then it may be fine, and I believe Klaymen’s wealth has risen since retirement - but I think those trades exceed my tolerance during the sequence of returns risk (SORR) period.
Ahem, I’ve only lost 29%, TYVM.
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300>90 for me now
I put in a grand and this morning I was at about $710. And I’m still debating selling my ounce of gold, I think it might have been you who told me that sometimes you can buy below spot from Costco with cash back plus the 2% Executive credit thing. And that’s what I did about two years ago, I thought it was novel to be able to buy a maple leaf under spot, I think I paid around $2,100 for it. So I’ve got that going for me.
Was it under spot? I recall it being about as good as it would get, and possibly you could catch a sale when the price when up before they adjusted their online price.
A small amount of physical gold is useful to hold in case SHTF.
Very possible my memory is faulty. My recollection is it was about $60-$70 over spot, and after cash back it was just under. And I also seem to recall buying it in part because of that.
ah right, so 4% total rewards? Wonder what their price over spot is now.
Yes, 2% from my CC and 2% for being an Executive member. The Costco website is being a bit wonky, it appears they have no coins in stock at the moment. I know around the time I bought they were frequently out of stock.
Doing better than me…
I got out of precious metals at 8.30am will steer clear now for awhile and come in more gradually.
I rotated into the blue chip coins like BTC, it’s only down 13% per day. I don’t mess with the shady stuff.
Mark it zero…
Richard Farr, chief market strategist and partner at Pivotus Partners, has issued a stark prediction for Bitcoin (BTC-USD), setting a price target of zero for the cryptocurrency.
“Our BTC price target is 0.0. That’s not just for shock factor. It’s where the math takes us,” the strategist said, noting that Bitcoin (BTC-USD) has failed to function as a dollar hedge and instead operates as “a speculative instrument correlated to the Nasdaq.”
According to Farr, the cryptocurrency faces insurmountable obstacles in gaining institutional adoption or serving as a legitimate medium of exchange.
“No serious central bank will ever own something where Michael Saylor controls the float,” he said on X, referring to the Strategy (MSTR) executive who has accumulated massive bitcoin holdings.
The strategist also criticized Bitcoin’s environmental impact, stating that miners “are bleeding cash” while the network remains “horribly inefficient as a transaction processor and wastes tremendous amounts of energy.”
Farr’s assessment aligns with warnings from Michael Burry, the investor known for predicting the 2008 financial crisis, who cautioned that falling Bitcoin (BTC-USD) prices could trigger a self-reinforcing “death spiral.”
Burry noted that Bitcoin, down more than 40% from its October peak, is now “exposed as a completely speculative asset” that does not qualify as a debasement hedge like gold (XAUUSD:CUR) or silver (XAGUSD:CUR). “Sickening scenarios have now come within reach,” the investor wrote in a Substack post.
So does that mean it is time to buy?
I’m waiting for folks to be able to use margin to trade things like this inside of their 401k, for me that’s the signal that we are maybe toast. Or maybe someone will create a mutual fund that only buys Powerball tickets.
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The market is finally starting to come down to earth.
Lots of capex spending, but there has been far too much wishy washy hand-waving about how that spending translates to higher revenues in the future.
If you did these same charts a year ago it looked much different. Alphabet was the dog. I’m betting pretty big on Amazon, almost doubling my position over the last year and making it my biggest holding. It’s still only about 5% of my portfolio but almost 10% of my ROTH.
Google has so much access to information on its servers that I can’t see how they could not be #1 in AI.
I find Amazon’s e-commerce is becoming a swamp. Many products are cheaper elsewhere, Prime delivery has become a bait and switch, and the vast amount of junk you can purchase has made the shopping experience frustrating. I admittedly don’t know a lot about AWS outside its use in cloud computing, but that feels like something that could potentially be disrupted by AI if they can’t keep up? Just some casual non-useful commentary. I am sure I own quite a bit of Amazon stock through my various funds.