WoV stock portfolio

Quote: DRich

I think between my current investments, my social security, and my life insurance policy they will be comfortable for 40 or more years.

it's a great thing that you have taken care of them to that extent

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Quote: billryan

So why worry about the next two years?
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Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.

Quote: DRich

Quote: billryan

So why worry about the next two years?
link to original post

Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post

Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.

tuttigym

Quote: tuttigym

Quote: DRich

Quote: billryan

So why worry about the next two years?
link to original post

Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post

Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.

tuttigym
link to original post

I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.

Quote: DRich

Quote: tuttigym

Quote: DRich

Quote: billryan

So why worry about the next two years?
link to original post

Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post

Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.

tuttigym
link to original post

I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post

There you go, and now you don't have to "fake your death." Feeling better now?

tuttigym

Quote: tuttigym

Quote: DRich

Quote: tuttigym

Quote: DRich

Quote: billryan

So why worry about the next two years?
link to original post

Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post

Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.

tuttigym
link to original post

I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post

There you go, and now you don't have to "fake your death." Feeling better now?

tuttigym
link to original post

No, stop that! Anyone who is feeling suicidal should be encouraged to fake their death instead.

For to fake your death requires intelligence and creativity. When well done, it is a performance art project, and even if you are discovered you will be remembered admirably. Suicide is something some depressed emu girl dressed all in black might do. Who would you rather be, Ken Kesey, or a dumb emu girl?

not going to look it up, but there was maybe more than one person who has used a balloon to send away the gun he used to shoot himself, making it look like murder ... the one case I saw something about, cops put together all the clues to say the missing gun probably wound up in the Atlantic Ocean and it was suicide

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lots of excitement being generated by this re Elon Musk's company
per news reports investors are more worried about missing out then they are about the stock becoming overvalued
fomo will drive the stock way, way up imo - looks like ez $$$ if you can get in on it with a sizeable amount -


"AI Overview

SpaceX plans to trade on the Nasdaq exchange under the ticker symbol SPCX. Following its confidential filing and the release of its IPO prospectus, the highly anticipated public offering is slated to occur during the second week of June, on June 12

The company is targeting a valuation of roughly $1.75 trillion and plans to raise between 40 billion and 80 billion, which would easily shatter the record for the largest IPO in history.

According to public filings, this expected valuation will accompany the company's massive Initial Public Offering (IPO), allowing investors to buy into a combined rocket manufacturer, telecom provider, and AI lab.

Direct Brokerage Access:

A portion of the shares in the offering will be sold directly through online retail brokerages like Robinhood, Fidelity, and Charles Schwab.

High Expected Demand:

Because this is anticipated to be the largest IPO in U.S. history, demand will be incredibly high, and retail investors may experience limits on the number of shares they are initially able to purchase.

Index Fund Inclusion:

If you hold broad market ETFs or mutual funds tracking the Nasdaq-100 or S&P 500, you will likely gain exposure to SpaceX by default, as massive public listings are fast-tracked for index inclusion."

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So was expecting to post about a new ATH…. but no! META snd TSLA are amongst the portfolios biggest holdings and both got hammered today.

NVDA up big again today.

Was doing some research on automotive companies.

Looked at Ford, GM, Winnebago, Camping World, Honda, Subaru, Volkswagen, and Volvo. The combined market cap for those 8 companies is less than how much NVDA increased….. TODAY.

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Soopoo - I'm curious -
what's your opinion of the stock I posted about - Musk's SPCX - which will open up for trading soon and many expect to generate lots of excitement
worth a play - ?
thanks

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Quote: lilredrooster

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Soopoo - I'm curious -
what's your opinion of the stock I posted about - Musk's SPCX - which will open up for trading soon and many expect to generate lots of excitement
worth a play - ?
thanks

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link to original post

I’m not really good at those guesses!

Its price will of course make no sense to me. It’s LOSING over a BILLION dollars a month. It’s a random guess as to when they can become even a minimally profitable company!
I’m sure I’ll have plenty of exposure in my myriad of ETFs and one mutual fund. I will buy a small amount so it’s easier for me to track. Kind of like how I bought 4 shares of Nividia..

So to answer…. I’m not planning on any meaningful investment in it.

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I will have exposure in my funds too
I think it would be a great play to get in on June 12 and quickly get out after it booms upward (if it does that as many seem to think it will)
to get out after one week
it's not my thing - not the way I invest, so I'll pass - don't wanna change my style after all of these years
it is quite interesting to watch and see how this plays out

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Quote: SOOPOO

+254%. Another new ATH. You know, based on optimism that the US and Iran will no longer be fighting. Is there a way for this war to go on forever but there be constant optimism that it is ending?
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Despite ‘less optimism’ about Iran/Hormuz market up again.
+255%. NVDA up around Ford’s market cap today.

Quote: tuttigym

Quote: DRich

Quote: tuttigym

Quote: DRich

Quote: billryan

So why worry about the next two years?
link to original post

Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post

Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.

tuttigym
link to original post

I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post

There you go, and now you don't have to "fake your death." Feeling better now?

tuttigym
link to original post

Th whole point of faking the death was to get to collect the money and utilize it. I have no interest in killing myself so someone else can use the money.

Quote: DRich

Quote: tuttigym

Quote: DRich

Quote: tuttigym

Quote: DRich

Quote: billryan

So why worry about the next two years?
link to original post

Because that is relying on my life insurance for them. If unfortunately I survive, my current savings is not sufficient and I am probably not smart enough to fake my own death and get away with it.
link to original post

Read the suicide clause in the life insurance contract. It usually is for only 2 years. What that means is after the policy has been in force for 2 years, if the insured commits suicide, the carrier must pay the death claim.

tuttigym
link to original post

I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post

There you go, and now you don't have to "fake your death." Feeling better now?

tuttigym
link to original post

Th whole point of faking the death was to get to collect the money and utilize it. I have no interest in killing myself so someone else can use the money.
link to original post

How selfish can you be?

Quote: DRich

Quote: tuttigym

Quote: DRich

I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post

There you go, and now you don't have to "fake your death." Feeling better now?

tuttigym
link to original post

Th whole point of faking the death was to get to collect the money and utilize it. I have no interest in killing myself so someone else can use the money.
link to original post

Now what if... you could both kill yourself AND keep the money? There is a solution, in Bitcoin!

The beneficiary of the life insurance is a trust, and that trust has instructions to convert the payment to Bitcoin and send it to a particular address which you have given them.

Now Bitcoin is pure information, and we know from science that information is conserved. The fact that those bitcoins are yours isn't going anywhere, even after your physical death. And we can recreate our Bitcoin accounts anywhere, with a 24-word passphrase, all drawn from a list of 2048 common English words. That's 11 bits of entropy per word, total 264 bits. Yeah nobody's cracking that. So all you have to do is remember those 24 words, and if God allows such things, you will have your Bitcoin to spend in your afterlife!

So how can you be sure you are going to remember those words in your afterlife? They say we will be called to account for our sins. So I have committed a sin that corresponds to each of those words. Like a mnemonic. For example one of the words on the list is GARBAGE, so if that's one of your words you can strew garbage in the street. Another one is KNIFE so you can threaten someone with a knife. JUDGE is one of the words and that's already a sin, you can be judgmental of your fellow man.

And on my list, one of the words is HAMSTER. What???!?! NO! And I'm like, "God, take this cup from me, I cannot bear to sin with a HAMSTER!" My sin life is rich, but does not include death or suffering to any being.

But I figured it out- I stole one from a pet shop. There, there's my hamster sin. Gave it to a little girl at the mall, so that she knows the world is good and cares for her, and my BIP39 litany of sins is complete. Now in Heaven I will have funds, for useful and benevolent works. First I will compensate the pet shop owner, and after that, the sky's the limit!

Quote: AutomaticMonkey

Quote: DRich

Quote: tuttigym

Quote: DRich

I believe mine was just one year but it has been a while since I read it and the policy is over 30 years old.
link to original post

There you go, and now you don't have to "fake your death." Feeling better now?

tuttigym
link to original post

Th whole point of faking the death was to get to collect the money and utilize it. I have no interest in killing myself so someone else can use the money.
link to original post

Now what if... you could both kill yourself AND keep the money? There is a solution, in Bitcoin!

The beneficiary of the life insurance is a trust, and that trust has instructions to convert the payment to Bitcoin and send it to a particular address which you have given them.

Now Bitcoin is pure information, and we know from science that information is conserved. The fact that those bitcoins are yours isn't going anywhere, even after your physical death. And we can recreate our Bitcoin accounts anywhere, with a 24-word passphrase, all drawn from a list of 2048 common English words. That's 11 bits of entropy per word, total 264 bits. Yeah nobody's cracking that. So all you have to do is remember those 24 words, and if God allows such things, you will have your Bitcoin to spend in your afterlife!

So how can you be sure you are going to remember those words in your afterlife? They say we will be called to account for our sins. So I have committed a sin that corresponds to each of those words. Like a mnemonic. For example one of the words on the list is GARBAGE, so if that's one of your words you can strew garbage in the street. Another one is KNIFE so you can threaten someone with a knife. JUDGE is one of the words and that's already a sin, you can be judgmental of your fellow man.

And on my list, one of the words is HAMSTER. What???!?! NO! And I'm like, "God, take this cup from me, I cannot bear to sin with a HAMSTER!" My sin life is rich, but does not include death or suffering to any being.

But I figured it out- I stole one from a pet shop. There, there's my hamster sin. Gave it to a little girl at the mall, so that she knows the world is good and cares for her, and my BIP39 litany of sins is complete. Now in Heaven I will have funds, for useful and benevolent works. First I will compensate the pet shop owner, and after that, the sky's the limit!
link to original post

If you can show me the method to monetize it in death for my benefit, I will consider it.

Quote: SOOPOO

Quote: SOOPOO

+254%. Another new ATH. You know, based on optimism that the US and Iran will no longer be fighting. Is there a way for this war to go on forever but there be constant optimism that it is ending?
link to original post

Despite ‘less optimism’ about Iran/Hormuz market up again.
+255%. NVDA up around Ford’s market cap today.
link to original post

What went up 225 percent?

Quote: GenoDRPh

Quote: SOOPOO

Quote: SOOPOO

+254%. Another new ATH. You know, based on optimism that the US and Iran will no longer be fighting. Is there a way for this war to go on forever but there be constant optimism that it is ending?
link to original post

Despite ‘less optimism’ about Iran/Hormuz market up again.
+255%. NVDA up around Ford’s market cap today.
link to original post

What went up 225 percent?
link to original post

Up 255%. The value of the WoVportfolio. I started it around 15 years ago and mostly used individual WoV members suggestions to buy those stocks. So if it was $1 million then, it’s $3.55 million today. There have been no deposits to it or withdrawals from it since inception.

The NVDA comment is meant to highlight how big a company it is. Large companies like Ford are mere tip money compared to NVDA.

It’s now only up 254% after TWCUX went down.

That's 254% before taxes. Uncle Sam gets a chunk of that if you don't die young.

Quote: billryan

That's 254% before taxes. Uncle Sam gets a chunk of that if you don't die young.
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In around 7 years I’ll have to start taking those minimum mandatory withdrawals. The money that is withdrawn will be subject to taxes. Until then it grows tax free. And presumably the majority of this money will pass to my heirs who then will have access to it tax free.

Those RMDs add up real fast, especially if you have other income, but there are much worse problems to have.