Down goes the Dow

do you guys really want to stop working completely?

I don't...I would not be a happy camper if I had to wake up each day and try to figure out what to do. Having a job is much-needed structure for me. And it provides some social contact.

That said, I have my own business and it's not very stressful or time-heavy, so I have a lot of chill and free time.

I figure I'll just keep my business going into my 70s, probably seeing it shrink as clients pass away one by one, not replaced.

speaking of retirement... (according to Yahoo) the CEO of Activision has 4 million shares and the stock is up $22 per share this morning.

Not a bad Tuesday morning.

agip wrote:do you guys really want to stop working completely?

Great question! If you'd asked me this a couple of years ago I would have been puzzled by the question, as I'd never really thought about it very much. I love my work, and didn't know what I'd do with my time if I weren't working. However, over the last couple of years we've been thinking and talking about this a whole lot more, and I'm actually keen to (mostly) stop working. I'll be 57 next year, still young enough to enjoy travelling, which is what I want to do. I've recently worked through the math and figure we can do at least 10 years of really solid travelling before we fade into being a homebound little old couple. There's a whole lot of the world we haven't yet explored, even though we've been around quite a lot.

Just typing this out makes me want to go put in my papers... :-) First, I need to get my spouse to agree their time has come.

I hear you. Good to enjoy the world while we're able to. I think COVID has caused a lot of life rethinks.

I'm lucky enough to have a portable job so I've been spending a month here, a month there, working. Good compromise for me that I can travel but still work. Obviously that's a rare situation that only works for a few people.

I'm mid-50s too.

I am far busier since having “retired”. I sit on a few boards, manage a ton of finances, am always called to participate in roundtables etc., act as a technical advisor, and still do a bit of IP work now and then.

Soon will be establishing a new business to capture and market proprietary IP, but hopefully I can limit my involvement and time.

Sometimes, like Glenn Gould, I think of buying an island and setting it aside as a dog refuge. The future is uncertain for those of us without government pensions.

Idiot maybe it was a parapente. I see them all the time in the Alps. A former Mirage pilot friend and I constantly shudder at the thought of being suspended from something with no intrinsic aerodynamic properties. I had to dissuade my father-in-law from trying it, after an instructor and client crashed through a neighboring roof, and died.

I have all you guys beat on econo-cars:

1976 Monarch Ghia

1973? Dodge Arrow😂

1974? Datsun Pickup (featured unintentionally in Point Break)

1978 Volvo 240 wagon

1986 Ford Tempo 💩

1986 Malibu

1978 Bluebird Bus👍👍

1966 Chevy II wagon, collector

1988 Malibu

1990? Mazda 626

1988 and 1990 Volvo 240

1994 Jeep Cherokee

1991 Honda Civic❤️❤️❤️❤️

1981 Vanagon 🇩🇪

2005 Outback turbo

2012 Prius

That’s for both myself and my wife.

For Europe, I will choose between a G-wagon and a used Suzuki 4x4. Tough choice, would have this vehicle until I die. Now Jeep is also in the running. Only for use in the mountains.

Anybody ever ride in a ~1980 Cadillac Fleetwood? Awesome! Huge sofa on wheels, it floats like a hovercraft! Best-riding car I have ever been in, and I have been in them all.

I would-will consider a Tesla in the US, when the time comes.

As I age, I am losing interest in collective involvement like boards, and find myself increasingly interested in small projects over which I have exclusive control—like a small business, refinishing a chair, tending a vegetable garden, etc

No Maserati in there? Slightly disappointed

Prof. Racket wrote:No Maserati in there? Slightly disappointed

+1

I really don't understand the appeal with Tesla. Their cars look basic to me. No knobs would annoy me. You have to press the screen multiple times to adjust the temperature or even open the glove box. No one in my immediate family would spend that much on a car. The Model Y isn't even an SUV. It's so small, and barely has any ground clearance compared to a RAV4 or CR-V. There's not much room in the trunk. Wasn't Model 3 supposed to be 30k and Model Y 40k? They're more like 40k and 50-60k now. You can 2-3 new cars for that price and they'll last 300k miles. I see so many Youtube videos where Teslas break down after 5 years, just like any other luxury car. Once the warranty ends, you're SOL.

noob investor wrote:

I really don't understand the appeal with Tesla. Their cars look basic to me. No knobs would annoy me. You have to press the screen multiple times to adjust the temperature or even open the glove box. No one in my immediate family would spend that much on a car. The Model Y isn't even an SUV. It's so small, and barely has any ground clearance compared to a RAV4 or CR-V. There's not much room in the trunk. Wasn't Model 3 supposed to be 30k and Model Y 40k? They're more like 40k and 50-60k now. You can 2-3 new cars for that price and they'll last 300k miles. I see so many Youtube videos where Teslas break down after 5 years, just like any other luxury car. Once the warranty ends, you're SOL.

rich people are more than happy to pay a premium for green products

but more than that, Teslas have brand prestige and apparently drive very well.

tech down 9% from its highs at its lows this AM

we get down 14% or so and I'm a buyer in size.

Yep, waiting...

Closest I ever got to a sportscar was a Ferrari 308GTSI. Was minutes from paying for it, but let somebody else take it.

Would have been a good “investment”, as it turns out.

As you can tell, I’m not a “car guy”. Couldn’t care less.

Otoh road bikes...yummy! I have 6, and I love them all.

The only interest for me is political—G-wagon for Khaddafi, Corvair unsafe at any speed, VW bug, Model T, Aries/Reliant Lee Iacocca, etc. Tesla for carbon credit corporate welfare.

I would love to find a minty Reliant/Aries!

Maser wrote:

Yep, waiting...

Closest I ever got to a sportscar was a Ferrari 308GTSI. Was minutes from paying for it, but let somebody else take it.

Would have been a good “investment”, as it turns out.

As you can tell, I’m not a “car guy”. Couldn’t care less.

Otoh road bikes...yummy! I have 6, and I love them all.

The only interest for me is political—G-wagon for Khaddafi, Corvair unsafe at any speed, VW bug, Model T, Aries/Reliant Lee Iacocca, etc. Tesla for carbon credit corporate welfare.

I would love to find a minty Reliant/Aries!

so what's with the sporty handle?

Maser wrote:

Yep, waiting...

Closest I ever got to a sportscar was a Ferrari 308GTSI. Was minutes from paying for it, but let somebody else take it.

Would have been a good “investment”, as it turns out.

As you can tell, I’m not a “car guy”. Couldn’t care less.

Otoh road bikes...yummy! I have 6, and I love them all.

The only interest for me is political—G-wagon for Khaddafi, Corvair unsafe at any speed, VW bug, Model T, Aries/Reliant Lee Iacocca, etc. Tesla for carbon credit corporate welfare.

I would love to find a minty Reliant/Aries!

Hold on, the Corvair was a neat little car that got totally railroaded by one of the biggest losers alive.

Fun fact, Ralph Nader is also #2 responsible for all bad things in the 21st century, #1 being Antonin Scalia.

Lol yeah, it is the story that makes it interesting for me.

My trbcx is getting destroyed!!😂😂

Even Buffett is taking it on the chin today. Of course, things could turn around, but the rotation to value, particularly overseas, continues.

Equity sell off to worsen if Bitcoin break $41k.

Ghost of Igloi wrote:Equity sell off to worsen if Bitcoin break $41k.

Didn't you write that about $42k a little while back? I'm keen to understand your rationale. Is there a logical explanation, or is this based on mystical technical (voodoo) signals or maybe fibonacci numbers? I'm not fussed if it's the later, to each their own; I'd just like to understand whether or not to dismiss this completely out of hand or give it some weight...

agip wrote:

Maser wrote:

Yep, waiting...

Closest I ever got to a sportscar was a Ferrari 308GTSI. Was minutes from paying for it, but let somebody else take it.

Would have been a good “investment”, as it turns out.

As you can tell, I’m not a “car guy”. Couldn’t care less.

Otoh road bikes...yummy! I have 6, and I love them all.

The only interest for me is political—G-wagon for Khaddafi, Corvair unsafe at any speed, VW bug, Model T, Aries/Reliant Lee Iacocca, etc. Tesla for carbon credit corporate welfare.

I would love to find a minty Reliant/Aries!

so what's with the sporty handle?

Sarcasm!

Yes some liquidating bitcoin...along with everything else—to raise cash.

Dxy back up today. Agip’s BND sinking, Buffett’s AAPL stinking. Is this it? Are we in the big selloff?

Maser wrote:Is this it? Are we in the big selloff?

I don't want to wish that on anyone except myself. We are SO ready for a good sell off, stupidly sitting on mostly cash in our investment accounts...