Binance.US and Coinbase (Coinbase pro has cheaper fees). ADA might be well positioned but it’s hard to say. They haven’t released anything in four years but do have a cult following. You can also get staking rewards if you do that (around 5% ADA per year). It’s just gone on quite a run again so once it stops it will likely have another pullback and accumulation. Frankly, I’m not a fan of Charles Hoskinson, the founder. The guy is a complete ass and unprofessional. But when it comes to making money, if you bought it in March 2020 for $.02 you’re up 115x.
Jump in! Waters warm! Quite a few PR catalysts this week, then today shorts got kicked out. I expect it'll settle in the next couple weeks before uplisting and bulldozers sends it back towards $5. But this is a long play. The exit strategy is in 3 years when its over $50 (pilot plant and one full sized plant). If the pilot plant (20mt) works and they start laying down 100-200mt plants all over the country, the sky is the limit. That's ignoring their extraction technology and their mining holdings. Extraction tech in specific could be bigger than recycling. Ryan Melsert is a smart dude. Today was a good day for exiled.
All my loose pennies are tied up in buying/selling the house, moving, etc. But I put it on my watch list to cheer you on. Goooooooo
Amazon to launch low earth orbit satellites for internet that will compete with Musk's Starlink (that I have already put dollars down for equipment delivery). Has the potential to make high-speed internet available worldwide (even here in Bug Tussle) because it won't depend on towers, wifi, telephone wires, or cable. This will be a subsidiary of Amazon and not a separate company - I think. Shares of AMZN are around $3,200 per right now. Even at that price, I'm thinking seriously about adding more Amazon. Amazon Internet Program, Project Kuiper, to Launch Satellite
At some point they're going to step in a stop all these low orbit satellites. I know a lot of folks are already pissed at 1400 coming from Starlink and they want approval for tens of thousands more. At some point something will give.
That is a LOT of space junk flying around. To this point it seems there has been no controlling authority limiting #satellites and orbits. Will LEO satellites be outlawed, restricted, or limited in some fashion? What govt body has rightful jurisdiction over space that could do that? Could Musk and Bezos then just go to China to launch? It seems they will be bringing pressure to bear on those questions.
I have a question about a completely different topic so forgive me Does anybody have any experience with Fisher Investments? About time to turn over our 401K to generate retirement income. We've been doing some research but haven't pulled the trigger yet.
No experience with Fisher but I have done what you’re about to do. I looked into a couple of firms to manage my account. The annual fees they wanted to charge (1.25 - 1.35 %) and the annual gain they thought they could achieve (3%) were hard to swallow. I have done better so far by myself realizing a 4.56% rate in dividends plus some increase in value of the stocks and without a fee. There are some old familiar companies that pay high dividends with a long history of doing so. Of course the duty to be wise with the money is now completely on me and requires my attention. Many people just don’t want to do that as it is a hassle and I understand.
Avoid all these money managers. They will be a leech on your returns. You can do this on your own. Read and educate. The days of needing these people is over. I alway remember what my Dad taught me, "the function of the market is to make the most money possible for the fewest amount of people, at the expense of as many people as possible." Do not pay these fees. The playing field has been leveled. I recommend you start by reading this mans book, Charles Ellis and continue ready from there. https://www.cnbc.com/2021/05/18/why...-case-for-indexing-is-stronger-than-ever.html
Yeah, the problem is though...who wants to do that in retirement? Mr Swampbabe obsesses over the market anyway and my feeling is that he knows enough to be dangerous. I'm not sure that managing an account worth 2.6M is in his wheelhouse. He does balk at paying them 32K a year. I just want to make sure that I don't have to eat cat food.
I was actually thinking about making a post along the lines of this convo last night. I have always been a saver, it’s just in my nature (many reasons why). I would always save enough to get by if I lost my job, take some time off or whatever. But as my salary started to go up, so did the amount in my accounts. I quickly realized it was time to learn about my money, and I work in finance but not in the retirement financial planning realm, so a lot was new to me. I did make some mistakes early on, was too loose with a few choices, but losing 5k back then, while it seemed like a lot, was light years better than what a similar mistake would cost me now. And I would never pay anyone one percent of my money to do what I can now do and feel pretty confident in, and have done better than the market on for fifteen years now. But even if they break even, at one million in investments, that’s 12.5k going to someone; and if they get it wrong how angry would you be? A lot of it is personal experience too, my dad lost a bunch with an advisor because he had him in completely inappropriate stuff for his age, wanting his commission I’m sure. I’m also very much an introvert as far as motivation (though that would surprise many who know me), so the ability to do it myself is both important and rewarding. It’s all me in the end, good or bad, but it makes those days when your assets pass a new milestone that much sweeter. To each their own though.
