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Joined 1 year ago
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Cake day: July 6th, 2023

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  • Year 1 you buy it for X

    Year N you sell it for Y

    Y>X, so profit? Not exactly.

    What else could you have invested in? A low cost whole market index fund for example has an average rate of return of 7%. In fact, it’s the gold standard of returns comparisons.

    Money has opportunity cost, time in market is important, money invested in gold, cannot be invested in other things. So you have to factor that into the profitability calculation.

    The theory about gold, is it holds its value, so if you could buy 10 Big Macs for x dollars in year one. In year N when you sell for y dollars, you can still buy 10 Big Macs. That’s the goal. You have more dollars then you started with, but you have the same Big Mac purchasing capacity. Because your real world good purchasing power didn’t increase, it wasn’t a profitable venture.

    https://buildyourstax.com/





  • I know you’re being extremely sarcastic. But identifying you have a problem is the first step to recovery. Knowing you are a way that you don’t like being, is great, now you can form a plan on improving it.

    Let’s take the easy example, if you know you’re a very negative person always putting people down. You can deliberately try to find something nice to say everyday. Maybe not a lot, maybe it won’t change the trend, but being more mindful and having an objective is a way to improve. So yes flip the switch. The switch will be very rusty, it’ll require a lot of elbow grease, and you’re probably going to have to wiggle it a bunch. But flip the switch, because you want to flip the switch.

    If you just decide, I’m an asshole and there’s nothing I can do about it, then you’re just going to be an asshole. But if you’re trying to be a reformed asshole, you’re an asshole with a heart of gold