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#16,726
#16,726
The United Health Care CEO was shot in New York and a part of this case is that UHC officials have been selling their own stock and have attracted the attention of the Department of Justice according to a column in today's Knoxville News Sentinel.
 
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#16,727
#16,727
Volfan1000 said:
The United Health Care CEO was shot in New York and a part of this case is that UHC officials have been seeling their own stock and have attracted the attention of the Department of Justice according to a column in today's Knoxville News Sentinel.
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The shooting has put a spotlight on insurance companies screwing over policy holders by denying claims. They get it both ways - lots of laws requiring people to buy insurance while making it difficult for them to collect when there’s a claim. Nothing will happen though. Insurance lobbyists share the wealth with law makers.

RIP UNH CEO guy. I hope they pick up the shooter soon. I wonder what is taking so long. They have a clear picture of his face. Maybe they’re watching him to see if anybody else is involved.
 
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#16,728
#16,728
BLNK and/or CHPT? They’re nearly penny stocks now. TSLA won’t be allowed to own all of the non-home based charging stations. But ChargePoint and Blink could both be bankrupt by the time EVs are mainstream.
 
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#16,729
#16,729
Thunder Good-Oil said:
The shooting has put a spotlight on insurance companies screwing over policy holders by denying claims. They get it both ways - lots of laws requiring people to buy insurance while making it difficult for them to collect when there’s a claim. Nothing will happen though. Insurance lobbyists share the wealth with law makers.

RIP UNH CEO guy. I hope they pick up the shooter soon. I wonder what is taking so long. They have a clear picture of his face. Maybe they’re watching him to see if anybody else is involved.
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I think that picture of "face" is actually some type of high quality rubber mask.

May be wrong on that that?

If so, they will never catch that guy imo.
 
#16,730
#16,730
Jax_Vol said:
I think that picture of "face" is actually some type of high quality rubber mask.

May be wrong on that that?

If so, they will never catch that guy imo.
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I heard on the radio this morning that they found the backpack in the park..... Im sure there will be some sort of fingerprints all over it, to someone that will give them a lead. Also they seem to have a good feeling where the perp, came/went from.

I have a feeling when all is said and done it will be someone that the Government ABC's had on a watchlist.
 
#16,731
#16,731
Jax_Vol said:
I think that picture of "face" is actually some type of high quality rubber mask.

May be wrong on that that?

If so, they will never catch that guy imo.
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I'll preface this with the admission that I have probably watched too many movies over the years. That said, I can't help but think that, after the gunman put the time into planning the hit, he'd probably be a bit more meticulous about hiding his face. Could it be that he (with a good mask) purposefully gave a few opportunities for clear camera grabs to throw off the manhunt?
 
#16,732
#16,732
Vol737 said:
If you had to give a number, what number do you consider, as they say, “F you!” money? That definition to me is that someone is set up so well that their current situation does not diminish at all as they move into retirement, but likely continues to improve, where they can handle any expense that may come up, be it renovations, new car, vacations, continue their normal hobbies and activities, insurance increases, medical bills, etc., with their retirement savings generating about 5-7% return annually to live off of and barely ever touch your principal.
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That's a great question. It is highly dependent on how much you spend on frivolity in retirement I think. $5 million and a 20% return each year is about $700,000 that you can spend after taxes. Is your house paid off? Do you have to have a new car every couple of years? Country club membership? Season tickets to Neyland? (That one is a big YES for me) Is 20% doable on a regular basis? I think it will be for the next 4 years, but after that who knows?

For me, I think $5 million and a 10% return would be FU money.

That being said, I am closing on a new house in East Tennessee in January, so....

Can't wait to leave Florida and get back to God's country

How about this question: What is one piece of financial advice you would give to a 25 year old?
 
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#16,733
#16,733
SpaceCoastVol said:
How about this question: What is one piece of financial advice you would give to a 25 year old?
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Financial advice is to start early. Max out the 401(k) to what’s matched by an employer. Fund a Roth IRA to the max ASAP. Consider buying long term care insurance. Be disciplined - plan on building wealth for the long term. Don’t use that long term money for a fancier car, boat, or house. Read. Read Warren Buffett. Understand compound growth. Also be aware of tax efficiency. Some economics - especially inflation. P/E ratios. Dividend yield AND dividend coverage. Learn the basics of financial statements and accounting. Diversification. Management fees charged on funds.

Investment advice? Resist selling winners. Keep speculative stock picks to a reasonable percentage of a portfolio’s value. Go with high quality, low fee ETFs if you aren’t willing or able to put in the time to manage your investments. Boring blue chips are usually sound stocks to own.
 
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#16,734
#16,734
SpaceCoastVol said:
That's a great question. It is highly dependent on how much you spend on frivolity in retirement I think. $5 million and a 20% return each year is about $700,000 that you can spend after taxes. Is your house paid off? Do you have to have a new car every couple of years? Country club membership? Season tickets to Neyland? (That one is a big YES for me) Is 20% doable on a regular basis? I think it will be for the next 4 years, but after that who knows?

For me, I think $5 million and a 10% return would be FU money.

That being said, I am closing on a new house in East Tennessee in January, so....

Can't wait to leave Florida and get back to God's country

How about this question: What is one piece of financial advice you would give to a 25 year old?
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That’s where I’m at on my thinking....$5M+ generating dividends of 5-7% annually and 10% +/- in returns on holdings. I would tell a 25 yr old to be a prolific saver and investor and avoid debt. Buy less home and less car, be patient with the growth of your investments. It will come.
 
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#16,735
#16,735
Thunder Good-Oil said:
Financial advice is to start early. Max out the 401(k) to what’s matched by an employer. Fund a Roth IRA to the max ASAP. Consider buying long term care insurance. Be disciplined - plan on building wealth for the long term. Don’t use that long term money for a fancier car, boat, or house. Read. Read Warren Buffett. Understand compound growth. Also be aware of tax efficiency. Some economics - especially inflation. P/E ratios. Dividend yield AND dividend coverage. Learn the basics of financial statements and accounting. Diversification. Management fees charged on funds.

Investment advice? Resist selling winners. Keep speculative stock picks to a reasonable percentage of a portfolio’s value. Go with high quality, low fee ETFs if you aren’t willing or able to put in the time to manage your investments. Boring blue chips are usually sound stocks to own.
Click to expand...

@SpaceCoastVol

A small addition to the reading list and solid principles outlined by TGO: "The Psychology of Money" by Morgan Housel. It is a great book, not only about investing but about wealth-building as well. I wish it would have been in print decades ago to read when I was 15, and again when I was 25.
 
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#16,736
#16,736
I was just up at a university giving a talk to their starting grad students in biostatistics. It was not meant for financial advice but I did tell them to get started early on understanding savings, investments, insurance, etc. I also told them to find a career that they could maintain for 30-40 years, invest in themselves regarding both hard and soft skills.
 
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#16,737
#16,737
tbh said:
@SpaceCoastVol

A small addition to the reading list and solid principles outlined by TGO: "The Psychology of Money" by Morgan Housel. It is a great book, not only about investing but about wealth-building as well. I wish it would have been in print decades ago to read when I was 15, and again when I was 25.
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Weird. That title is in my Spotify Premium audiobooks list but with a different author. Bentley Gram.

Housel has a podcast and an abridged version of TPOM of Spotify.
 
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#16,739
#16,739
Thunder Good-Oil said:
Weird. That title is in my Spotify Premium audiobooks list but with a different author. Bentley Gram.

Housel has a podcast and an abridged version of TPOM of Spotify.
Click to expand...

That is really odd...it appears that two books have the same basic name, but different authors. I'll have to check out the one by Gram as well!
1000029690.jpg1000029692.jpg
 
#16,740
#16,740
SpaceCoastVol said:
That's a great question. It is highly dependent on how much you spend on frivolity in retirement I think. $5 million and a 20% return each year is about $700,000 that you can spend after taxes. Is your house paid off? Do you have to have a new car every couple of years? Country club membership? Season tickets to Neyland? (That one is a big YES for me) Is 20% doable on a regular basis? I think it will be for the next 4 years, but after that who knows?

For me, I think $5 million and a 10% return would be FU money. FU? that's a piss poor attitude. You are going to be worth more if you have something to offer that will help/please people.

That being said, I am closing on a new house in East Tennessee in January, so.... 👍 Welcome home.

Can't wait to leave Florida and get back to God's country Also called the devil's playground. FL is a nice place to visit.
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How about this question: What is one piece of financial advice you would give to a 25 year old?
Spend less than you make.
Live your life. Get an education.

You might find family life more desirable than wealth. Yes, save, but don't miss enjoyable things in life while you are trying to get to $5m. $5m at todays dollars is a lot unless you own a profitable business or are in a very high paying job, i.e. pro sports,
 
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#16,741
#16,741
Go aeiou said:
How about this question: What is one piece of financial advice you would give to a 25 year old?
Spend less than you make.
Live your life. Get an education.

You might find family life more desirable than wealth. Yes, save, but don't miss enjoyable things in life while you are trying to get to $5m. $5m at todays dollars is a lot unless you own a profitable business or are in a very high paying job, i.e. pro sports,
Click to expand...
And don't depend on me to leave you a big wad when you're middle aged and I check out.

I'll support you as you find your way in school, I'll even help the grands if I'm lucky enough to be able, but don't expect that you're going to get a big potful when I die so you can slack off on saving.

I'll spread things mostly to the deserving, not the needy slackers.
 
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#16,742
#16,742
“Spend time with your kids while they’ll still listen to you.”

We planned and made sacrifices so my wife could be a stay at home mom. She was a regular fixture at our kids’ schools, and I almost always made it to all of their activities whether it was performances, sports, or whatever.

“Don’t try to keep up with the Joneses because the Joneses are broke.” This was from an acquaintance who was a mortgage banker. He talked about people who tried to buy houses while they were up to their eyeballs in debt, they leased their vehicles, and both spouses had to work in order to maintain appearances. If one of them could no longer work, they will would quickly spiral out of financial control. They had not saved anything for retirement, let alone their kids’ college.
 
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#16,743
#16,743
Do we have crypto experts in here? I’ve been playing with the stock market for a couple of years but never crypto till recently. I’m hearing a lot of buzz about XRP.
 
#16,745
#16,745
ILOVEMYBIGVOLS said:
Do we have crypto experts in here? I’ve been playing with the stock market for a couple of years but never crypto till recently. I’m hearing a lot of buzz about XRP.
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I don’t know if I’d say “experts”. But there are opinions.

Bitcoin, Cryptocurrency, and the Future of Global Finance

Given the recently events in China and Great Britain, I figured I'd throw a post up concerning a topic I've been keenly interested in over the past few months. I'm convinced we are headed toward a global currency in the near future; a decentralized system that removes government/organization...
www.volnation.com www.volnation.com
 
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