Down goes the Dow

What was factually incorrect, in your opinion?

Guy says bitcoin price in 2025 came closer to 0 than to each pundits prediction. That is wrong for the first two pundits.

For the year:

bitcoin low: $75 k

bitcoin high $121 k

So, for the guy who said price target of $170k - he missed by approx. $49 k (170 k - 121 k = 49 k). But his margin in order to get to $0 would have been $75 k (from the yearly low of $75 k to $0).

In that the difference of $75 k is more that the difference of $49k, the first pundit was closer to his target than to $0, and the QE Infinity claim is wrong.

Likewise, the second pundit came closer to being correct than to the possiblity of bitcoin going to $0, and he was correct by approximately $16 k. I can show the math, but you may want to trust me on this.

OK. The writer could be off even more by year end.

Took me a second to fully grasp this, but yeah, you are absolutely right.

Hey, don't get me wrong - I don't like bitcoin either, but the SOBs that went in on it generally did gangbusters, at least if you look at timelines like ytd, 1 year, or more.

CSCO set an all time closing high today. Previous high was set on March 27, 2000!!!!

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I think I may have asked this before but don't think I got any real answers. Is anyone here managing more than $2million in investments? I don't care too much about the specifics, but I'm just curious. If a person had even $2million in investments, in a good year of returning something like 20%, that would be $400,000. If you also had a job making more than $100,000/year, that would be a total income of over half a million dollars for one year. Seems like a person would have basically infinite money if they were making that much as long as they weren't buying yachts etc.

Sure, but that is not me. There are plenty of folks with $Millions investments. My understanding records numbers of individuals as reported by firms like Fidelity. Most of those gains are capital appreciation, and not income. The assumption of most is that any future hiccup can be massaged, so why sell if things keep going up?

I mean, obviously there are people in the world like this. I was wondering about people on this thread. And you're right, I wouldn't expect anyone to be selling assets unless they truly needed it. Would be better to let it grow. The principle is still there though. All you have to do is get to literally like a million dollars in investments, and then you're pretty much set for life as long as you continue to mostly work.

I guess part of why I ask is because this is going to be me in the not too distant future. Anything can happen, but I expect to make more than $500,000 in a single year at least once before the age of like 46 between my job and returns on my investments. It seems like getting to that level should be very achievable for most people by the time they're 60 or older.

Only in the current world you are living. It is ludicrous to believe this is normal, or achievable as a routine investment behavior. The downside to your thought is this post:

Why isn't this normal? If you invest consistently over the course of your life, it is completely normal to expect to get into the millions by age 60+. I realize most people don't start very young, but for people who do start young or young-ish, this is very achievable.

Tell me you're baiting Flagpole without telling me you're baiting Flagpole.

The majority don’t have the discipline to save and invest early.

I have well over $2million in investments at 40 and I don’t think I’ve ever been a tremendous investor/saver. As the saying goes - the first million is the hardest. The rest come quite fast after the first.

How long have you been investing?

If this was March 2000 you would likely have a drawdown to under $1 million in 18 months, and under $500,000 if heavily invested in tech stocks. To believe that can’t happen again in the current environment seems foolish to me.

"If you made really stupid investment decisions, things wouldn't have gone well for you." No kidding. What if you followed routine standard advice and invested in the S&P500 or total stock market and just DCAed for 30+ years? If you put away even $5000/year, you're sitting very well by age 60+.

I started investing about a month after my 24th birthday. Only got serious about things around 2017-2018 though.

https://share.google/aimode/XW6qJp6NG64xYsd3i

As noted by me in past posts the S&P 500 was negative from 3/2000 thru 4/2013 and NASDAQ negative for an additional three years. The only stupid investment decision was believing nonsense was real. Your investment experience is the greatest bull market in history, in part subsidized by your government. Gold, silver, and the Dollar are questioning where it all lands.

I was going to say the best way to amass a $5 million fortune is to inherit $35 million. But I am a bit confused - Mike Alred said he worked his balls off but then he says the guy inherited $35 million.