My plan was to buy puts into a rally, but I am not buying those into a sharp decline and increase in premium and volatility.
Hence, still flat in the money market with about 5% returns (plus some long term time horizon stocks).
Pro tip: Don't be fucking around with that shit.
Buy bitcoin and don't be whimpy about it.
#justsaying.
BTW, I read (with a big surprise) that there are only about 1 mil wallet addresses with at least one btc.
I thought that there were at least 2-5 times more.
Well.. that seems to be great..... that on the bright side, you have not completely forgotten about dee cornz.
You can't easily do it in Texas too because locals were burned on this before anyone else in US (in 1987) when people were mass-mailing the keys to their houses to lenders, apparently.
Typically, no cash-out refinancing. I know some people in CA that did multiple cash outs and now have a gigantic mortgage.
Still, there is some equity, but the cushion is much smaller that it should have been otherwise.
if you have a 700,000 home with 100% equity. You do not take out a loan on it.
Unless rates drop to 2-3%
My example is 2,000,000 wealth
700,000 home
400,000 bond driven 401 k gets 5%
100,000 gold, silver
that is 1,200,000 wealth
and you have 800,000 more wealth do do as you please.
that adds to 2,000,000 wealth
Wow!!!!!!
The more you explain it, the worse it gets.
Of course, you know that if you are drawing down more than 4% per year, then you are likely depleting principle (to the extent that NOT depleting principle might matter?).. since the presumption would be that ONLY 3-4% per year would be sustainable.. but sure, maybe in these high inflation environments, we might be able to presume that the interest that we are able to earn will be able to keep up with a 5% per year withdrawal rate, perhaps?
This person has the ability to fuck around with 800,000 anyway they want to. Stock ,bonds, btc shit coins what ever. But they are rare and they are dying every day as I type this out.
They can do an equity loan if rates drop to 2 or 3%. I said the chances are likely less than 1 in 25 Americans are in this spot.
They can have a mixed blend of what ever the they invest. They are rare.
Most Americans are paycheck to paycheck and will work way past retirement ages. 70 or later is common.
For these people savings in a bank are meh at best. They need to do 3 or more different plays even if the plays are $25 a month for each month.
There is a bit of an irony here Philip.
You seem to be describing most Americans as living paycheck to paycheck and for that reason unable to retire before 70; however, you also choose to continue to work (even if it is largely managing various mining arrangements) for fun - even though apparently you don't have to..
And, sure many of us live with various ironies....