japan Posted May 20, 2018 Report Share Posted May 20, 2018 3 hours ago, OILERMAN said: I went back and looked at my 401k on the day(July 24th 2016) Abenjami moved to cash and saw my account balance then to now. I max out my 401k(18.5K a year) so part of it is contributions and I roughly deducted those. My account has grown 32% over that time from the balance then to now I've made just over 20% the last 12 months Nothing better than trying to time the market. Link to post Share on other sites More sharing options...
abenjami Posted May 20, 2018 Report Share Posted May 20, 2018 3 hours ago, OILERMAN said: You're leaving out the important 2nd part of that quote You can't lose what you don't put in the middle. But you can't win much either. Of course. I'm just pointing out the simple fact I have not actually lost a penny. Have I missed out on chances to increase the value of what I had to start with? Obviously, yes to this point in time. If people want to rib me about it, at least be accurate and say something like abenjami bailed on the market and it kept going up. Link to post Share on other sites More sharing options...
Legaltitan Posted May 20, 2018 Author Report Share Posted May 20, 2018 Lost opportunity cost is a real, economic cost. What you are really saying is you are in good enough shape financially that you can afford to take on this cost in exchange for peace of mind and security. Link to post Share on other sites More sharing options...
abenjami Posted May 20, 2018 Report Share Posted May 20, 2018 4 minutes ago, Legaltitan said: Lost opportunity cost is a real, economic cost. What you are really saying is you are in good enough shape financially that you can afford to take on this cost in exchange for peace of mind and security. Yes, I agree. It is a real economic cost in terms of opportunity, but it is different than "losing money". I'm still 20+ years away from retirement. I think I'll be fine Link to post Share on other sites More sharing options...
OILERMAN Posted May 20, 2018 Report Share Posted May 20, 2018 3 hours ago, abenjami said: Yes, I agree. It is a real economic cost in terms of opportunity, but it is different than "losing money". I'm still 20+ years away from retirement. I think I'll be fine This is semantics And 20 years from retirement is why I'd argue trying to time the market for a small gain is meaningless when the money is 100% guaranteed to grow over 20 years Link to post Share on other sites More sharing options...
freakingeek Posted May 20, 2018 Report Share Posted May 20, 2018 On 5/18/2018 at 4:21 PM, ManningEnvy said: LSU undergrad, Ole Miss grad school. Been an Ole Miss fan my entire life. That explains a lot. Link to post Share on other sites More sharing options...
wiscotitansfan Posted May 20, 2018 Report Share Posted May 20, 2018 11 minutes ago, freakingeek said: That explains a lot. It also explains his name. He has always had envy for the good Manning, not the ones that Ole Miss had. Link to post Share on other sites More sharing options...
freakingeek Posted May 20, 2018 Report Share Posted May 20, 2018 1 minute ago, wiscotitansfan said: It also explains his name. He has always had envy for the real Manning, not the one that Ole Miss had to settle for. Poor ol Johnnie Reb. A mere shadow of what used to be. He probably has a monogrammed apron he wears around the house while he's vacuuming when his wife is at work. Link to post Share on other sites More sharing options...
freakingeek Posted May 20, 2018 Report Share Posted May 20, 2018 @Legaltitan you know you can just hang without talking titans right? Lots of worthwhile threads and we even spawned a new political forum when Trumpy got elected. Just check in once a month. Kinda like renewing your passport. Link to post Share on other sites More sharing options...
SleepingTitan Posted May 20, 2018 Report Share Posted May 20, 2018 Glad to hear you're well. We need to bring back bat vs knife. Link to post Share on other sites More sharing options...
abenjami Posted May 20, 2018 Report Share Posted May 20, 2018 1 hour ago, OILERMAN said: And 20 years from retirement is why I'd argue trying to time the market for a small gain is meaningless when the money is 100% guaranteed to grow over 20 years And we've discussed that before and I admit it's a good argument. But that doesn't mean I lost money. Assuming the market doesn't crash before I get back in, it means my gains are less than they could have been. It's not semantics at all. If you think it's semantics, then you "lost" a ton of money during all this time because you stayed invested in ETF's instead of moving your money to Bitcoin. Link to post Share on other sites More sharing options...
Legaltitan Posted May 20, 2018 Author Report Share Posted May 20, 2018 Abenjami - you lost money in every meaningful sense of that term. If nothing else because you didn't have your money in investments that out paced inflation. But it's cool. You knew what you were doing. And I get it man. Sometimes us 1%ers do shit just cause we can. I ain't laughing at ya just giving you a hard time. I ain't worried about you, brother. Link to post Share on other sites More sharing options...
Legaltitan Posted May 20, 2018 Author Report Share Posted May 20, 2018 On 5/18/2018 at 6:24 PM, TitanJoe said: . Link to post Share on other sites More sharing options...
abenjami Posted May 21, 2018 Report Share Posted May 21, 2018 4 hours ago, Legaltitan said: Abenjami - you lost money in every meaningful sense of that term. If nothing else because you didn't have your money in investments that out paced inflation. But it's cool. You knew what you were doing. And I get it man. Sometimes us 1%ers do shit just cause we can. I ain't laughing at ya just giving you a hard time. I ain't worried about you, brother. I basically see my decision like this. I will splash the pot whenever I fucking please. Link to post Share on other sites More sharing options...
OILERMAN Posted May 21, 2018 Report Share Posted May 21, 2018 5 hours ago, abenjami said: I will splash the pot whenever I fucking please. And we'll go on busting you up all night Link to post Share on other sites More sharing options...
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