WoV stock portfolio

59.6K Strap yourself in.
Have the Bitcoin Bros moved on?

Quote: AutomaticMonkey

OK, so what is a satellite orbiting Neptune supposed to do, and who is going to pay to put one there? Trillions in market cap for that?

I think you are assuming technology and science are not going to evolve. IN 100,000 years we may be inhabiting every planet in our solar system and some outside it. If we are inhabiting Neptune it may make sense to have satellites there. Don't be short sighted.

Quote: DRich

Quote: AutomaticMonkey

OK, so what is a satellite orbiting Neptune supposed to do, and who is going to pay to put one there? Trillions in market cap for that?

I think you are assuming technology and science are not going to evolve. IN 100,000 years we may be inhabiting every planet in our solar system and some outside it. If we are inhabiting Neptune it may make sense to have satellites there. Don't be short sighted.
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In 100K years our descendants may be as different from us as we are from Neanderthals. But do you think we'd evolve into something that can live on Neptune, or really any other planet?
https://science.nasa.gov/neptune/neptune-facts/#h-structure

Technology and science advancing has an unexpected effect: it increases the things we are capable of doing, but it also changes the things we are motivated to do. For example with an accelerator we can turn now turn lead into gold, but unlike medieval alchemists our scientists have no interest in doing so. The vacuum tubes we could make today with laser manufacturing would far exceed the capabilities of the good old 12AV7, but for obvious reasons no one is developing this technology.

Thus, I do not believe humans will ever live on another planet, in the form of biological humans. What if... when the time comes that our planet becomes obsolete and uninhabitable, we had made contact with innumerable other civilizations, we will have exchanged information with them (including our history, culture, and genome), we will have seen countless others appear and disappear, and understand that our time, as a particular people on a particular planet, is up, we've shared everything we've done, someone else can recreate our next generation somewhere else, and for us, physically, to up and move somewhere else isn't worth the trouble.

We would be like a 105-year old man on his last bed at the hospice. He sees his children, stooped over with age themselves, his grandchildren, his greats holding a great-great or two, and he's perfectly happy with what is going on. How important would it be, for him, to live for another month, with great effort and expense for him and those around him? Unlikely very much. That's what we will be. Maybe by that time we will have gotten the genomic and ecosystem data from some species that really can live on Neptune, and we've cloned them and put them there, and their homeworld will be doing the same for us, on some weird rocky little planet, full of that nasty corrosive oxygen and way too close to their star to be habitable by those Neptunian types.

That's how I see the future. Doesn't make for good entertainment. Musk is a visionary but so were all the science fiction writers and futurists of the past, and none of them did a good job of predicting where we will (want to) go next.

Quote: DRich

I think SpaceX has a great future. What other company is doing successful space launches? They have put over 10,000 Starlink satellites into orbit. I have no idea if their valuation is good or not, but they will be the leaders in space launches for at least the next 10 years. Also, don't forget the head of NASA is a two time SpaceX commander and it is obvious that the NASA space program is in peril. NASA will be using SpaceX for most of their launches over the next 10 years.
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The scepticism towards the launch of the stock wasn't so much about spacex itself it was the bundling with loss-making products like X and Grok. Additionally the attempt to bypass normal index rules made many investors nervous since most of the stock purchases would be coming from people who knew literally nothing about it.

Mikey Saylor is roughly 11 billion dollars in the red on his BTC purchases.
Of the 20 million BTC in circulation, roughly 45% were purchased at $65,000 or more, with a third bought for over $90,000.

Quote: billryan

Mikey Saylor is roughly 11 billion dollars in the red on his BTC purchases.
Of the 20 million BTC in circulation, roughly 45% were purchased at $65,000 or more, with a third bought for over $90,000.
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Do you know if that $11 billion is personal funds or is through his investment company? I understand in 2020 he started buying for his company and also personally buying.

Quote: DRich

Quote: billryan

Mikey Saylor is roughly 11 billion dollars in the red on his BTC purchases.
Of the 20 million BTC in circulation, roughly 45% were purchased at $65,000 or more, with a third bought for over $90,000.
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Do you know if that $11 billion is personal funds or is through his investment company? I understand in 2020 he started buying for his company and also personally buying.
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I believe that is in reference to the 17,000 that he owns, although they may have factored in his 10% ownership in Microstrategies. Micro has been a net seller since April, but they have a pattern of selling by the dozen and then buying by the hundreds.

I tend to post WAY more often on up days than down…. Today up a little but only to + 248%. I sort of ignored the down days last week. But with my strategy of very slowly increasing my cash (MMA) I now have around 15% of the account in such, earning around 3.5% a year. I did notice that the 15% is HALF of the original total this account started with.

Just read an article about giving your heirs more money while you are alive and they are younger and presumably need it more than X years from now when I kick the bucket.
It really makes sense. I have to change my mindset though.

Younger son bought a house. Backyard flooded a lot so needed to put in drain tile stuff. But the fence also was not made to completely enclose it, so it would be safer for their kids and dog. Grandpa is buying them said fence.

My friend has two sons. One tends bar and is a bit of a free spirit. The other is middle management at a transportation company. My friend's wife died about two years ago. Until then, they split time between the house on Long Island, where they raised the family, and a condo in Florida. Both properties are paid off, and he spends almost all his time in Florida. He's well off, and most of his estate will go to the kids, easily a million each. They'd like him to sell the house in NY and split the money. They originally asked for an equal one-third each, but now are "willing" to split 50-50. His position has evolved from you'll get it when I die to agreeing to sit down and discuss a solution.
The son is afraid his father will remarry and that the new wife will get everything, and his father doesn't want to lose out on watching his grandchildren grow up.

Quote: SOOPOO

Just read an article about giving your heirs more money while you are alive and they are younger and presumably need it more than X years from now when I kick the bucket.
It really makes sense. I have to change my mindset though.

Younger son bought a house. Backyard flooded a lot so needed to put in drain tile stuff. But the fence also was not made to completely enclose it, so it would be safer for their kids and dog. Grandpa is buying them said fence.

Glad to hear that you are able to help out your children and their families. I think the sweet spot for helping the kids if you can afford it, is when they are mid 30's to mid 40's. At that age they are generally more stable and have learned some financial lessons where they are less likely to do something foolish with the money.

Obviously, the big concern becomes gift tax. I believe if you keep your giving under about $17k a year there will be no tax on it. If they are married you can give your kid and their spouse each around $17k with no tax issues.

Quote: DRich

Quote: SOOPOO

Just read an article about giving your heirs more money while you are alive and they are younger and presumably need it more than X years from now when I kick the bucket.
It really makes sense. I have to change my mindset though.

Younger son bought a house. Backyard flooded a lot so needed to put in drain tile stuff. But the fence also was not made to completely enclose it, so it would be safer for their kids and dog. Grandpa is buying them said fence.

Glad to hear that you are able to help out your children and their families. I think the sweet spot for helping the kids if you can afford it, is when they are mid 30's to mid 40's. At that age they are generally more stable and have learned some financial lessons where they are less likely to do something foolish with the money.

Obviously, the big concern becomes gift tax. I believe if you keep your giving under about $17k a year there will be no tax on it. If they are married you can give your kid and their spouse each around $17k with no tax issues.
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Both my sons are very fiscally responsible. Ex and I put plenty of money in their names since they were babies. Grown I think better than WoV portfolio! And I can’t be sure, but I don’t think either has taken out a dime.

I think the best thing about having ‘money’ is not the things it can buy for you, but rather the feeling of ‘safety’ it brings. That if the AC goes kablooey, it’s ok. If the kid wants to play travel hockey, it’s ok. If gas goes to $6 a gallon, you can still drive to golf.
40+% of Americans are not prepared to handle a $1000 emergency.

How a homerun turns into a long double.
In Feb, 2023, I paid $11,400 for an 8% stake in a comic book- Batman 1. The owner retained 20% of it, and we all agreed to split the storage and insurance on it. The owner paid for that and would be reimbursed after the sale.
The book sold last week for 301,000, a slight disappointment as I was thinking closer to $350,000
The auction house gets 10%(normally 18% but we negotiated a lesser fee.) $30,000
The insurance and storage came to $12,000+
The owners 20% of the rest came to $51,000+
After a few more fees and expenses, I'll clear less than $20,000.
The book was valued at $100K when we bought it; it tripled in value, and yet I'm getting much less than double my money, and that is before taxes. That money in a CD would be worth almost 14,000.

The auction house made $30,000 from the sellers, and almost double that from the buyer. Nice work if you can find it.

Quote: billryan

My friend has two sons. One tends bar and is a bit of a free spirit. The other is middle management at a transportation company. My friend's wife died about two years ago. Until then, they split time between the house on Long Island, where they raised the family, and a condo in Florida. Both properties are paid off, and he spends almost all his time in Florida. He's well off, and most of his estate will go to the kids, easily a million each. They'd like him to sell the house in NY and split the money. They originally asked for an equal one-third each, but now are "willing" to split 50-50. His position has evolved from you'll get it when I die to agreeing to sit down and discuss a solution.
The son is afraid his father will remarry and that the new wife will get everything, and his father doesn't want to lose out on watching his grandchildren grow up.
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If a new wife is a concern, your friend can put his holdings, RE, etc in a trust that passes to the kids when he dies.

He has several options and isn't adverse to examining them. His father remarried late in life, and I think he feels like he got screwed.
As the OP said, it's a matter of changing one's mindset.
Far too many of my friends are helping out parents and children and approaching retirement under less-than-ideal conditions.
It wouldn't surprise me if multi-generational housing becomes a trend.

Hey I have an idea! I can take a list of assets and my will to one of those Nevada adult establishments that are not found in Las Vegas, make some young courtesan my sole beneficiary right then and there, and dare her to screw me to death!

I don't know- will I get in trouble for telling her I'm 10 years older than I am and have heart disease?

Quote: AutomaticMonkey

Hey I have an idea! I can take a list of assets and my will to one of those Nevada adult establishments that are not found in Las Vegas, make some young courtesan my sole beneficiary right then and there, and dare her to screw me to death!

I don't know- will I get in trouble for telling her I'm 10 years older than I am and have heart disease?
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I like the concept but not the details. Instead of going to one of those cat houses, I might try to do the same thing with a college coed I found at the university. If it does kill me, what a way to go.