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Old 08-03-2022, 07:07 PM   #61
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Old 08-03-2022, 07:08 PM   #62
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We been using the car for longer trips (30 mpg vs 20 mpg for the truck) nad buying more pork vs beef... just minor belt tightening.
Are you already spending all your available annual income?

I just wonder about belt tightening due to market conditions when someone already has plenty of funds.

No belt tightening here because Covid and family obligations forced us to way underspend for over 2 years, and we still have a lot of catching up to do.
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Old 08-03-2022, 08:23 PM   #63
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Are you already spending all your available annual income?

I just wonder about belt tightening due to market conditions when someone already has plenty of funds.

No belt tightening here because Covid and family obligations forced us to way underspend for over 2 years, and we still have a lot of catching up to do.
Nah, reality is that we probably only pend 1/2 of what we could... I just don't like waste.
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Old 08-03-2022, 08:28 PM   #64
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But you are buying pork instead of beef even though you like beef better?
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Old 08-03-2022, 08:36 PM   #65
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I like both, but I do like beef better. We do have some beef, just not as much. Really no need to, but frugality is just in our bones.
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Old 08-04-2022, 08:26 AM   #66
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It must be wearying to have to continually reassess things every day. I'm just sticking to my allocation. While we may well be in recession--and I'm sure the big techs are starting to lay off--the employment data is in full employment. If the Fed keeps raising, a la Volcker, that will change, but I'm not sure what I'm supposed to do about it.
If the market declines another 10% I will buy about 3% of stocks. Rinse and repeat.
To attempt to time the bottom of a recession is a fool's errand. No-one knows how this will go. But maybe you should be Fed Chair; I'm convinced there are 4 or 5 candidates here. (Not me, though.)
Not wearing at all, I have fun with it. You do you, and it would be nice if we don't insult each other here...and "To attempt to time the bottom of a recession is a fool's errand" and "But maybe you should be Fed Chair" are veiled insults.

I don't have to time the bottom of the recession, nor am I changing the majority of my allocation (I remain 48% equities). What I try to do is to generate additional alpha via stock selection and by doing some adding or trimming, try to goose beta over market performance by a bit.

I have more money now than I've earned my entire life, after taxes, after divorce, after paying for houses, after paying for too many cars, after buying land, after an RV and associated expenses, after taxes, social security, and Medicare taxes, after fully funding college expenses, after ...

All of the above is because of my ability/luck to manage my own investments....and if I had been fed chair, I would not have pumped endless money into the system (not just Powell but excess QE since we successfully came out of the housing crisis).
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Old 08-04-2022, 09:51 AM   #67
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Nah, reality is that we probably only pend 1/2 of what we could... I just don't like waste.
Waste? You are belt tightening because you thought your spending was wasteful before?

I don’t really get it.

We don’t constrain spending at all because we are still underspending.

I don’t consider our spending wasteful. We spend according to our priorities. Yeah, we could buy lower quality, but what is the point? High quality and convenience/comfort is important to us, although we do keep an eye on value.

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I like both, but I do like beef better. We do have some beef, just not as much. Really no need to, but frugality is just in our bones.
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Old 08-04-2022, 03:18 PM   #68
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I don't have to time the bottom of the recession, nor am I changing the majority of my allocation (I remain 48% equities). What I try to do is to generate additional alpha via stock selection and by doing some adding or trimming, try to goose beta over market performance by a bit.

I'm sure a little goosing is harmless, as opposed to trying to time by going all in or all out, which requires impeccable timing.
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Old 08-04-2022, 05:43 PM   #69
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I'm sure a little goosing is harmless, as opposed to trying to time by going all in or all out, which requires impeccable timing.
Not really, you just have to be in the ballpark on both ends. Hedge funds do this all the time.
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Old 08-05-2022, 07:25 AM   #70
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Not really, you just have to be in the ballpark on both ends. Hedge funds do this all the time.
I'm too chicken sh*t to do that.

I'm also a big supporter of the slogan "live to play another day", i.e. preservation of capital. Nor would I know what to do with the money if I had 10X of what I have now.
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