BrainSqueezins

BrainSqueezins t1_jabak2p wrote

Let me tell you a funny story. I use fidelity and there are certain foreign stocks they charge a $50 fee on. I planned to open a small position and come back later after doing my full due diligence. I figured if I had just a couple shares I wouldn’t lose much even if it tanked entirely, and I didn’t yet know how to do a watch list and wasnt interested in learning. So I bought my three shares, in the process clicking through the warnings about extra fees. I am the proud owner of three shares worth about $30.

They cost me $80 total to buy, and would cost me an additional $50 to sell.

Point is, on very small transactions it is easy for fees to eat up 33% or more.

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BrainSqueezins t1_j67eno3 wrote

I eat at firehouse and have yet to have a problem. As with many sub shops you can see them make it and ensure they take basic precautions; also they use boars head meats, so no fillers (possibly wheat) onthe slicer

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BrainSqueezins t1_j1y0rdo wrote

Howzabout a hybrid approach. I know this is complex but keep with me here….

heres the options:

yolo it, wing big, probably still rat race it for 10 years because even a 100% return isn’t going to make the difference you think it is. You still need to eat, pay rent and you need health insurance, so off to work! Be pissed off for those 10 years because you’re rich and shouldn’t be rat racing. Make stupid decisions because you’re pissedm lose the money and gains, be poor in the end.

OR

Yolo it, lose it, rat race 10 years, never get ahead, be poor at the end.

OR…

keep the money AND do the rate race for 10 years. Recognize it sucks, but know that the only way out is through so you might as well enjoy it (more or less). Realize that with every dollar you set aside you’re more and more doing this for yourself than for the sake of the rat race itself.

Be cool, be smart, finish rich.

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BrainSqueezins t1_iydy2x1 wrote

“Never used in the field”… wonder why?

who wouldn’t relish the thought of being crammed in the small cockpit of a U2 for 18 hours or more, while having an electrified radio stapled to your scrotum?

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BrainSqueezins t1_iybwv5w wrote

Start small, lose small.

Learn a little, see if you can do it reliably.

And for the love of Pete, stay away from margin while you are learning and ESPECIALLY if you are a gambler.

Only thing worse than betting when you don’t know the rules of the game is betting money you don’t have when you don’t know the rules of the game.

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BrainSqueezins t1_iy077xf wrote

Duh, it’s called inflation.

“Was $49.99 in last week’s dollars; buy it with today’s dollars and save 10 percent!”

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