Gyroscopic Investing

dualstow wrote: ↑Sun Aug 24, 2025 6:46 pm

yankees60 wrote: ↑Sun Aug 24, 2025 8:17 am

dualstow wrote: ↑Sat Aug 23, 2025 2:13 pm Speaking of finance, I bumped into Ochotona while researching debit cards online
...

Debit cards?

I have one. But I have never made a debit card transaction in my life and I will probably die that way.

Yes, debit cards. You’re like most reasonable people. I only used debit cards until I graduated to credit some decades ago, and I have never looked back until now. Now, I’m interested in using one in a store that charges 3% for using a credit card.
- I had to relearn everything about PIN vs PINless transactions.
- You can’t easily set maximums on daily transactions without calling the bank. (But some let you lock and unlock the card online).
- I do aready have a debit card linked to Apple Cash — this is just for splitting pizza with friends, so it’s very safe.

We’ll see how it goes. I don’t like the idea of even taking my debit cards out of the house except for ATM runs, but it’s possible that this surcharge for using credit will become a trend. Hope not.

dualstow wrote: ↑Sun Aug 24, 2025 6:40 pm

Smith1776 wrote: ↑Sun Aug 24, 2025 1:10 pm Anyone else taking care of aging/elderly parents?

Helloooo Smithers!
My wife is visiting her father in the hospital daily. He’s not merely a 藥煲*He’s got multiple issues and I’m sorry to say his days are probably numbered.

*Literally “medicine pot.” Figurately, someone who’s always sick.

dualstow wrote: ↑Sun Aug 24, 2025 7:33 pm Write it on your check in the Memo section

Smith1776 wrote: ↑Sun Aug 24, 2025 1:10 pm Anyone else taking care of aging/elderly parents?

flyingpylon wrote: ↑Mon Aug 25, 2025 10:36 am

Smith1776 wrote: ↑Sun Aug 24, 2025 1:10 pm Anyone else taking care of aging/elderly parents?

My wife's parents are both 24/7 total care. They've been able to stay in their home with a live-in caregiver (actually a rotation of a few people). It's very expensive but fortunately they have savings to cover it for now. My wife has almost a full-time job coordinating their care, managing their household, etc. from afar (we are about 4 hours away). It's a difficult situation.

I lost both of my own parents in the last two years but fortunately neither of them needed long-term care. It's tough out there, and will probably just get worse as baby boomers age and there aren't enough people or facilities to take care of them.

Xan wrote: ↑Mon Aug 25, 2025 11:09 am

flyingpylon wrote: ↑Mon Aug 25, 2025 10:36 am

Smith1776 wrote: ↑Sun Aug 24, 2025 1:10 pm Anyone else taking care of aging/elderly parents?

My wife's parents are both 24/7 total care. They've been able to stay in their home with a live-in caregiver (actually a rotation of a few people). It's very expensive but fortunately they have savings to cover it for now. My wife has almost a full-time job coordinating their care, managing their household, etc. from afar (we are about 4 hours away). It's a difficult situation.

I lost both of my own parents in the last two years but fortunately neither of them needed long-term care. It's tough out there, and will probably just get worse as baby boomers age and there aren't enough people or facilities to take care of them.

Wow that's a hard situation for everyone. I fear you're right about this getting harder going forward. Maybe the future is one of Terminator-style robots taking care of old people. Will they look like Schwarzenegger?

dualstow wrote: ↑Mon Aug 25, 2025 8:48 am How about an anonymous note with cut & pasted letters like kidnappers used to use.

flyingpylon wrote: ↑Mon Aug 25, 2025 1:03 pmWhat we're finding is that the caregiving field is dominated by immigrants. Elders are valued more highly in some cultures