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<blockquote data-quote="Travel Museums" data-source="post: 954548" data-attributes="member: 11817"><p>Mmm just use your bank/broker app to execute. You're not a day trader or bot worried about milliseconds. </p><p></p><p>As for news I only listen to an audio digest of the NYT or WSJ that comes with an audible membership. Bloomberg made his billions on financial news so he has a good app but they're all the same really. </p><p></p><p>You need to recognize fundamental value and postpone your cognitive dissonance. It's not going to be some horse race tip. People dismiss true value bc it's boring stable trends that conflict with what we should be doing to make our national truly great. </p><p></p><p>What do I think about the s&p? Uh I hate the fact that we're addicted to oil and instead of building a renewable power infrastructure we're fracking our aquifers. And those companies control our politicians, laws, blah blah blah. But I don't have enough clout or money to sit at the big boy table of decision makers nor did I inherit a seat on any boards. So on paper I love that shit and invest in it like a baby sucks tit milk. </p><p></p><p>There are opportunities to watch out for if you recognize value. Sometimes they're just flukes. Remember when Netflix did that quickster nonsense and their stock temporarily plummeted even though they were essentially right that the future was streaming their own content? It was so fucking obvious. Buy and hold for a quadruple profit. </p><p></p><p>Apple or any blue chip circa 2009. Same deal. That's why I like having a lot of cash sitting around. People cry about losing 3% a year to inflation then miss opportunities to make 400% profit in a few years.</p><p></p><p>I'm not starting off with bucket loads of cash. I will never get invited to any galas fundraisers. But I get to travel and do 98% of the stuff those guys do anyway. And I don't need to work ever again either. Not many people on earth ever get to retire, let alone do it young. I'm fortunate, but I also love a pretty frugal lifestyle. Besides one or two perks I think most working class people probably wouldn't trade places bc the trade offs I've been willing to make are physically an emotionally uncomfortable. </p><p></p><p>Passive income is just a piece of the puzzle. Another huge piece (I'm my opinion) is not actively flushing money down the toilet on shot you don't need or could get for free or pennies on the dollar. You'd be amazed at how little money you need to live if you give up expensive hobbies and follow the weather.</p></blockquote><p></p>
[QUOTE="Travel Museums, post: 954548, member: 11817"] Mmm just use your bank/broker app to execute. You're not a day trader or bot worried about milliseconds. As for news I only listen to an audio digest of the NYT or WSJ that comes with an audible membership. Bloomberg made his billions on financial news so he has a good app but they're all the same really. You need to recognize fundamental value and postpone your cognitive dissonance. It's not going to be some horse race tip. People dismiss true value bc it's boring stable trends that conflict with what we should be doing to make our national truly great. What do I think about the s&p? Uh I hate the fact that we're addicted to oil and instead of building a renewable power infrastructure we're fracking our aquifers. And those companies control our politicians, laws, blah blah blah. But I don't have enough clout or money to sit at the big boy table of decision makers nor did I inherit a seat on any boards. So on paper I love that shit and invest in it like a baby sucks tit milk. There are opportunities to watch out for if you recognize value. Sometimes they're just flukes. Remember when Netflix did that quickster nonsense and their stock temporarily plummeted even though they were essentially right that the future was streaming their own content? It was so fucking obvious. Buy and hold for a quadruple profit. Apple or any blue chip circa 2009. Same deal. That's why I like having a lot of cash sitting around. People cry about losing 3% a year to inflation then miss opportunities to make 400% profit in a few years. I'm not starting off with bucket loads of cash. I will never get invited to any galas fundraisers. But I get to travel and do 98% of the stuff those guys do anyway. And I don't need to work ever again either. Not many people on earth ever get to retire, let alone do it young. I'm fortunate, but I also love a pretty frugal lifestyle. Besides one or two perks I think most working class people probably wouldn't trade places bc the trade offs I've been willing to make are physically an emotionally uncomfortable. Passive income is just a piece of the puzzle. Another huge piece (I'm my opinion) is not actively flushing money down the toilet on shot you don't need or could get for free or pennies on the dollar. You'd be amazed at how little money you need to live if you give up expensive hobbies and follow the weather. [/QUOTE]
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