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Inmate Central Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome. |
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In Reply to: Brazen perhaps... more cocky than brave... posted by musetap on May 21, 2022 at 04:02:13:
...but still fairly "smart". He's been dumping the majority of his real-estate holdings over the past year, and just sold 9.6M shares of his own Tesla stock, reportedly worth ~$8.6B.
I've been doing essentially the same thing over the last couple years--divesting myself from both the real-estate and stock markets while the gettin's good. They're both gonna crash and re-bound, but I don't know if I'll be around long enough for the rebound--I'm not as young as I was in 2008-2010. My only recent "trip to Vegas" with the stock market was buying Ford at ~$5/share and then cashing-out when it hit $25/share.
EVERYTHING has been "over-valued" for quite some time. Net worth of "money on paper" is far different than "paper money", so I'm stashing cash. I still have a mortgage (even though I could pay it off any day of the week), just because I'll probably never see an interest rate that low during my remaining lifetime.
"And today is for sale and it's all you can afford. Buy your own admission. The whole things got you bored. Well the Lord chooses the good ones, and the bad ones use the Lord"--a very dear friend for decades Michael Stanley (Gee)--RIP
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Follow Ups
- RE: Brazen perhaps... more cocky than brave... - dark_dave56 05/21/2204:48:14 05/21/22 (2)
- +1, 2, 3 nt - Story 05:56:00 05/21/22 (1)
- When you reach "person of a certain age", why "push-it"? - dark_dave56 06:14:37 05/21/22 (0)
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