Gyroscopic Investing

MangoMan wrote: ↑Sun Oct 11, 2020 7:49 pm

Xan wrote: ↑Sun Oct 11, 2020 7:39 pm That is a fantastic waiver.

Yes, it is. But it would never hold up in court; it's pure satire.

Do any of those things really do much anyway?

Here is some irony for you

For the top end of town (note: CBA is Commonwealth Bank of Australia)
https://www.macrobusiness.com.au/2020/1 ... ary-by-70/

For the bottom end of town (Chemist more than 5Km from their house)
https://www.rebelnews.com/australian_fa ... e=therebel

https://www.rebelnews.com/homeless_man_ ... in_his_car

Edit: Wait, there's more (no steak knives) https://www.youtube.com/watch?v=uLjiVD3 ... e=emb_logo

I'm in Golden Colorado for the rest of the week.

What a beautiful town.

The mask culture is fierce here. I visited Buffalo Bill’s grave today. I don’t think he would have fit in well in today’s Colorado.

The town has a sweet smell of hops wherever you walk, so I thought there must be a ton of microbreweries around. Nope, just one macro brewery.

Magnificent photos Mark,

Feel free to post more anytime

After managing 2 rentals for 15 years, that no attachments lifestyle is starting to look....maybe justifiable

Mark, do you mostly use AirBnB?
At how many weeks or months duration does a booking become impractical and hard to get?

I Shrugged wrote: ↑Wed Oct 14, 2020 1:00 pm Mark, do you mostly use AirBnB?
At how many weeks or months duration does a booking become impractical and hard to get?

I use hotels if I'm only going to be somewhere for a day or three. Much more than that and I usually use AirBnB. I don't book more than a month anywhere, but sometimes I've extended a month. A lot of AirBnB's have decent discounts if you stay 4 weeks or more, so a month stay can be attractive if I don't have to be anywhere else. Much longer than that and I'm itching to go.

Mark Leavy wrote: ↑Wed Oct 14, 2020 1:48 pm

I Shrugged wrote: ↑Wed Oct 14, 2020 1:00 pm Mark, do you mostly use AirBnB?
At how many weeks or months duration does a booking become impractical and hard to get?

I use hotels if I'm only going to be somewhere for a day or three. Much more than that and I usually use AirBnB. I don't book more than a month anywhere, but sometimes I've extended a month. A lot of AirBnB's have decent discounts if you stay 4 weeks or more, so a month stay can be attractive if I don't have to be anywhere else. Much longer than that and I'm itching to go.

Thanks Mark. Wife and I are talking about having a winter home and then using AirBnB for long term summer stays near family. I have no idea how impractical that might be. We'd store some belongings nearby, but I think it's going to be a crapshoot to find a suitable place to spend a month or three.

I Shrugged wrote: ↑Wed Oct 14, 2020 4:16 pm
Thanks Mark. Wife and I are talking about having a winter home and then using AirBnB for long term summer stays near family. I have no idea how impractical that might be. We'd store some belongings nearby, but I think it's going to be a crapshoot to find a suitable place to spend a month or three.

Super practical. Very easy to rent for 3 months at a time if you want to. Try some shorter rentals first so that you know how the system works and you can get a feel for how to suss out a good rental.

One reason I'm considering buying/renting an apartment-style living situation is to take advantage of 1-3 month AirBNBs without having to worry about mowing the lawn or anything like that.

or feral cats.

On twitter
Hollywood Reporter:

Jussie Smollett is preparing his feature directorial debut http://thr.cm/P7BpnMr

@MsMelChen:

But he did just a poor job with his first directorial debut...
...
Hope he doesn’t beat himself up if it fails this time

dualstow wrote: ↑Wed Oct 14, 2020 7:02 pm or feral cats.

Ugh, yea.

Kriegsspiel wrote: ↑Wed Oct 14, 2020 6:49 pm One reason I'm considering buying/renting an apartment-style living situation is to take advantage of 1-3 month AirBNBs without having to worry about mowing the lawn or anything like that.

Yes, that's aggravating us now. It's surmountable but it's extra hassle, for sure.

I am going to Starbucks today and spending $6 on a pumpkin spice latte.

Try and stop me.

Smith1776 wrote: ↑Thu Oct 15, 2020 1:00 pm I am going to Starbucks today and spending $6 on a pumpkin spice latte.

Try and stop me.

I'm actually a fan of various "little luxuries" like that, provided they're not so frequent that they break the bank.

I think about it in terms of the "80/20 rule" -- 80% of your monthly expenses come from 20% of your transactions. If you control costs on that top 20% (things like mortgage/rent and transportation), you can afford the occasional splurge in the other 80% without being a financial mess.

Tortoise wrote: ↑Thu Oct 15, 2020 1:57 pm
I'm actually a fan of various "little luxuries" like that, provided they're not so frequent that they break the bank.

I think about it in terms of the "80/20 rule" -- 80% of your monthly expenses come from 20% of your transactions. If you control costs on that top 20% (things like mortgage/rent and transportation), you can afford the occasional splurge in the other 80% without being a financial mess.

Nice numerical rule. I'll be making a note of that one!

Smith1776 wrote: ↑Thu Oct 15, 2020 3:16 pm

Tortoise wrote: ↑Thu Oct 15, 2020 1:57 pm
I'm actually a fan of various "little luxuries" like that, provided they're not so frequent that they break the bank.

I think about it in terms of the "80/20 rule" -- 80% of your monthly expenses come from 20% of your transactions. If you control costs on that top 20% (things like mortgage/rent and transportation), you can afford the occasional splurge in the other 80% without being a financial mess.

Nice numerical rule. I'll be making a note of that one!

Pareto Principle. Not to be confused with the Peter Principle. Vinny, if you have questions, ask dualstow.

Mark Leavy wrote: ↑Thu Oct 15, 2020 3:40 pm Pareto Principle. Not to be confused with the Peter Principle. Vinny, if you have questions, ask dualstow.

lmao

Mark Leavy wrote: ↑Thu Oct 15, 2020 3:40 pm

Smith1776 wrote: ↑Thu Oct 15, 2020 3:16 pm

Tortoise wrote: ↑Thu Oct 15, 2020 1:57 pm
I'm actually a fan of various "little luxuries" like that, provided they're not so frequent that they break the bank.

I think about it in terms of the "80/20 rule" -- 80% of your monthly expenses come from 20% of your transactions. If you control costs on that top 20% (things like mortgage/rent and transportation), you can afford the occasional splurge in the other 80% without being a financial mess.

Nice numerical rule. I'll be making a note of that one!

Pareto Principle. Not to be confused with the Peter Principle. Vinny, if you have questions, ask dualstow.

I've always known of it as Pareto's Law and been aware of it since 1979. First time I've seen it referred to as Pareto's Principle, though, with some research I see now that Pareto Principle is seemingly now the more accepted term.

Vinny

Smith1776 wrote: ↑Thu Oct 15, 2020 1:00 pm I am going to Starbucks today and spending $6 on a pumpkin spice latte.

Try and stop me.

Don't know what it is like in Canada but Americans seem to spend tons of money on both their houses and their vehicles, which, of course consumes a lot of resources. I've never done either which then allows plenty left over for investing and for anything else I want to buy.

Vinny

There's a new coffee shop that opened up in my town that I'm going to go test out. They did a good job fixing up an abandonded building, set up nice sidewalk tables, etc. I've noticed a lot more young adults around in the past few months. I wondered if they were boomeranging back home when they lost their jobs and couldn't pay rent because of the lockdowns, but maybe they'll stick around.

It's easy to afford coffee here since housing is so cheap and nobody forces you to buy expensive cars.

I'm currently googling how one might make pumpkin spice lattes at home.

Smith1776 wrote: ↑Thu Oct 15, 2020 9:03 pm I'm currently googling how one might make pumpkin spice lattes at home.

I'm currently googling "How to stage an intervention".

Phew, no follow up post from Smithers about how he's looking for a vein for his concoction.

The intervention seems to have worked, and this crisis has bean squashed.