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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (1037819)	11/10/2017 8:16:15 AM
From: Rarebird	Read Replies (1) \| Respond to of 1574043

I am trying to understand your logic here and want to get all the facts on the table. First of all you are "rich" by your own admission. Secondly, you tell me you only need to earn "2% per year" to maintain your life style. Thirdly, you are giving me all these "bubble" arguments where you think the market can fall 50%-60% and you plan on investing 1/7 of your money after each 10% decline. Fourthly, you are currently 20% invested in stocks. I am a bit confused. I don't understand why such a "rich" person like yourself who only needs to earn 2% per year to maintain his life style would even take the risk of averaging into the stock market on each 10% decline? Why not buy a US bond and lock in a 2% gain for the rest of your life to maintain your life style? I can only conclude that you are either a dumb shit, financially speaking, or you like to talk for the sake of talking and are a farce and liar.

To: RetiredNow who wrote (1037819)	11/10/2017 4:58:08 PM
From: Rarebird	Read Replies (1) \| Respond to of 1574043

I call you a Rich Piggy because you talk like a Rich Piggy. I'll give you another example. But before I do that, I want to let you know that I don't view all rich people as piggies. There are plenty of rich people who are very nice, generous, lovely people. But you don't fall in that category. <<I am more than happy to leave the last crumbs to folks like you who want to capture another 5-10% while risking 50-60% of your whole portfolio.>> "Crumbs"? What kind of a snot nose, rich piggy comment is that? A person who has invested 1M in the S&P would have made over $67K from the start of the summer till today's close. Maybe 67K is "crumbs" to you, but it's not "crumbs" to me. And no, I don't have a position in the S&P 500. I would never insult what somebody else makes regardless of how it compared to what I make. That smacks of old money, someone who has received the bulk of his money from Big Daddy and shows lack of respect. And you need to get your facts straight: the S&P has not been up 4.5% since the summer began, June 21, but 6.7% as of today. If you want to have bull/bear dialogue with me, stick to the facts and the topic at hand. I'm not interested in whether you or your friends are rich; I don't care how big your house is and how much money you save per month. I have been banned from every politically moderated thread I ever engaged in on SI. And the reason for it is that I'm basically a Bernie Sanders supporter in principle (on most things, not everything) and that attitude is offensive to the Republican and Democratic threads on SI. But again, let's keep things on topic, bull/bear discussion without the extraneous nonsense.