JC Denizens' Investment Advice??

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What short term investment should CO throw some coin at?

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AArdvark
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Re: JC Denizens' Investment Advice??

Post by AArdvark »

Will civilization collapse to the point that can openers are unknown? When the Mongol hordes invaded Rome, they burned down all the can opener temples, thus setting the canning religion back a thousand years.

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odyssia76
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Re: JC Denizens' Investment Advice??

Post by odyssia76 »

AArdvark wrote: Thu May 13, 2021 6:01 pm I just wanna hear about more hiding places for gold!
In a colossal cave, guarded by a grue?
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odyssia76
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Re: JC Denizens' Investment Advice??

Post by odyssia76 »

Tdarcos wrote: Thu May 13, 2021 8:30 pmThey have written proof (or a key) that shows that they own a particular safe deposit box. Didn't stop it from being confiscated, and then they have to prove they have a right to it. Can be a big problem if you can't prove you made enough money to afford what was in your box.
Very much like the way cops do their incredible civil forfeiture bullshit. Take your money and use it to buy new cop tanks without ever chargiung you with a crime. And if you fight it you have to prove why you had it.
Tdarcos wrote: Thu May 13, 2021 8:30 pm Even if civilization has collapsed, then people will still trade gold for food.
[p/quote]

I think that is a very big assumption you are making there my friend. Based on what do you claim that? After all you can't take it with you! Who wants to be a corpse that starved to death but died with a couple gold coins in your pocket?
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odyssia76
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Re: JC Denizens' Investment Advice??

Post by odyssia76 »

Tdarcos wrote: Thu May 13, 2021 8:30 pm Bullshit. Over all of civilization, gold first, then silver, and other precious metals (like platinum) once we found a use for them, became the go-to commodity for trading and commerce. Gold has so many intrinsic uses: it does not rust or corrode, will not decay, it is resistant to most acids, it can be used for plating, gold leaf, jewelry, tooth fillings, cosmetics, medals, coins...
Which of those uses will be critical in a post apocalyptic scenario?

Just because people used gold for a long time does not mean they would in a bad enough shitstorm when food and water and medicine are all in short supply.
Tdarcos wrote: Thu May 13, 2021 8:30 pm The guy who has extra food might be willing to sell some for gold, because he can trade gold for ammunition, medicine, and other useful things.

And he might not. he might be smart enough to realize those things are far more useful to him than gold which would only have a theoretical "yeah maybe in the future I will meet someone who wants gold, maybe not" way. The food and ammo can either be used for his needs OR traded because those things are useful to anyone. Gold is not useful by itself and "WTF am I gonna do with a hunk of gold?" is a very smart question. Everyone needs canned foold and water filters. No one really needs gold.

Oh well just thinken. Maybe I watch too many zombie movies!

Anyways I do not think your fascination with gold is as wise as you think. There are far more valuable things to have both in long term value and usability and also when the zombies come. But you do you!
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odyssia76
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Re: JC Denizens' Investment Advice??

Post by odyssia76 »

Casual Observer wrote: Thu May 13, 2021 9:31 pm So Odyssia, are you an old school republican?

LOL no way dude, I am a commie pinko socialist super progressive left wing freak. Fucking hate those republican assholes, sorry. I'm all for sticking it to The Man as much as possible. So far I have agreed with ICJ and bryanb several times for whatever that means. Tax the fuck out of the rich who have been fucking over the little guy for a hundred years just here in the US. They say "oh but we earned it with our hard work". Yeah fuck you did! Time for then to pay back everything they owe the rest of us for buiiloding them roads and bridges and e4duicated workers and milkitary defense while to pay no taxes, the fuckers! :smile: Sorry guess I ranted a bit there.
Casual Observer wrote: Thu May 13, 2021 9:31 pm yeah, i know, but . . . Inflation is awesome for debt. By the time i got around to pay my student debt, the same education would have cost me three times as much. Pay down debt with inflated dollars i say.
Sit down with a pencil and a napkin or a spreadsheet or whatever. Calculate how much interest you will pay on a credit card at your payment rate and interest level. Call that X. Then calculate how much you expect to make on your investments in teh same period. Call that Y. IF X > Y then you are a very silly person to invest before paying down debt unless it is free money like 401k matching.
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odyssia76
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Re: TSummary

Post by odyssia76 »

Tdarcos wrote: Fri May 14, 2021 6:26 am More than 6,000 years of history shows, that for the reasons I explained in great detail, that ironically when civilization collapses, gold remains in even higher demand than in good times, so that the man with a gold coin has lots more opportunities than the man with a can of soup, and probably has a better chance of being able to eat.
Please give specific examples of when you feel that has been the case in history. for most of that 6000 years there have not been a slew of complete collapses and most people would have never even seen a piece of gold in their miserable short and dirty lives. I am afraid I must call shenanigans unless you have actual examples and not just conjectures.
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Jizaboz
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Re: TSummary

Post by Jizaboz »

odyssia76 wrote: Fri May 14, 2021 5:45 pm
Tdarcos wrote: Fri May 14, 2021 6:26 am More than 6,000 years of history shows, that for the reasons I explained in great detail, that ironically when civilization collapses, gold remains in even higher demand than in good times, so that the man with a gold coin has lots more opportunities than the man with a can of soup, and probably has a better chance of being able to eat.
Please give specific examples of when you feel that has been the case in history. for most of that 6000 years there have not been a slew of complete collapses and most people would have never even seen a piece of gold in their miserable short and dirty lives. I am afraid I must call shenanigans unless you have actual examples and not just conjectures.
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Re: JC Denizens' Investment Advice??

Post by Casual Observer »

odyssia76 wrote: Fri May 14, 2021 5:41 pm LOL no way dude, I am a commie pinko socialist super progressive left wing freak. Fucking hate those republican assholes, sorry. I'm all for sticking it to The Man as much as possible. So far I have agreed with ICJ and bryanb several times for whatever that means. Tax the fuck out of the rich who have been fucking over the little guy for a hundred years just here in the US. They say "oh but we earned it with our hard work". Yeah fuck you did! Time for then to pay back everything they owe the rest of us for buiiloding them roads and bridges and e4duicated workers and milkitary defense while to pay no taxes, the fuckers! :smile: Sorry guess I ranted a bit there.
No, I re-read what you said about Biden and what seemed at first blush to be a dig on him was actually a liberal point of view about pharma so i agree. Frankly it pisses me off every time Gates, Bezos, Musk, Benhoff, Ellison, etc, say anything while they ride past or helicopter over thousands of Americans living under overpasses just in WA and CA alone. How dare these assholes have so much money and not put it to fixing some of the most glaring failures of society. So tax the fuck out of them.

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Re: JC Denizens' Investment Advice??

Post by Casual Observer »

Hey Jizz, what's your take on what old Elon did to crypto this week? Seems like some insider trading level manipulation to me but what do I know.

1st he made a buttload of money on Bitcoin by investing Tesla's money in it (how much of his own we'll never know???)
2nd he made damn sure everyone knew how much money he made in Bitcoin with press releases and publicly filed financial reports from Tesla
3rd he made a somewhat derogatory joke about DOGE on SNL, causing a several day rout
4th he very publicly renounced Bitcoin specifically and publicly by announcing that Tesla wouldn't even accept it as payment for a car (christ, I can buy a coffee with bitcoin in this town if I had any, I can buy bitcoin at a CoinStar machine at Safeway).

Am I right to think that he's doing what you talked about (selling early in the dip and buying as the rise) except he's in a position to drive the volitility? Am I right to imagine he bought a shitload of DOGE on Monday, Tuesday, and a bit of Wednesday?

If he's doing what it seems like, why isn't he being marched out in handcuffs for insider trading like Charlie Sheen in Wall Street? Since he's not, should I just keep watching this smug son of a bitch and throw some crypto coin in the opposite direction of whatever drips out of his mouth?

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Ice Cream Jonsey
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Re: JC Denizens' Investment Advice??

Post by Ice Cream Jonsey »

Casual Observer wrote: Sat May 15, 2021 9:28 am If he's doing what it seems like, why isn't he being marched out in handcuffs for insider trading like Charlie Sheen in Wall Street? Since he's not, should I just keep watching this smug son of a bitch and throw some crypto coin in the opposite direction of whatever drips out of his mouth?
I think the deal is that bitcoin is totally unregulated. Which is what the creators wanted, I guess. So it's not going to get the same protections that a stock would.
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Jizaboz
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Re: JC Denizens' Investment Advice??

Post by Jizaboz »

Ice Cream Jonsey wrote: Sat May 15, 2021 3:17 pm
Casual Observer wrote: Sat May 15, 2021 9:28 am If he's doing what it seems like, why isn't he being marched out in handcuffs for insider trading like Charlie Sheen in Wall Street? Since he's not, should I just keep watching this smug son of a bitch and throw some crypto coin in the opposite direction of whatever drips out of his mouth?
I think the deal is that bitcoin is totally unregulated. Which is what the creators wanted, I guess. So it's not going to get the same protections that a stock would.
So yes, there is this. This market is unregulated. However, the weird part comes in when you cash out. What you gained and then took as cash that wasn’t part of the expense is taxed, naturally. While I have done cash withdrawals I basically just wait for any notice or warning that I need to file something.

How does someone like you or I get around this? You launder it, of course. You can buy things like gift cards from a place you were gonna spend money at anyway (Amazon, steam, whatever) or you buy these card codes and sell them at a slight discount. 100$ card for 85$, whatever. Or you buy arcade machines, used cars, or whatever you can from someone who accepts crypto then flip it when you are done with it. How does someone like Elon launder his huge crypto assets? I have no idea! Maybe paintings or yachts or something.

The fact he now says he won’t accept btc for cars is just weird. Like dude, we have known about the power consumption thing for years. Something else is up here, but I don’t know what it is.

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odyssia76
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Re: JC Denizens' Investment Advice??

Post by odyssia76 »

Casual Observer wrote: Sat May 15, 2021 9:28 am If he's doing what it seems like, why isn't he being marched out in handcuffs for insider trading like Charlie Sheen in Wall Street?
I think insider trading means you have to know something everyone else does not know. Like for example you are on the board or whatever. It is perfectly legal for famous dudes to say their opinions on stocks. Some people make a living at it. If I own stock in Waffle House and I go around saying Waffle house is a great company that is not illegal.
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Re: JC Denizens' Investment Advice??

Post by Ice Cream Jonsey »

There's a chip shortage so for these cryptocurrencies I really wish for a bit that we could just take the miners' word for it.
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Jizaboz
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Re: JC Denizens' Investment Advice??

Post by Jizaboz »

Solt off most the stuff bleeding and threw 500$ from the Binance.us account at MATIC. Holding too long is for the idiotic and the lazy. Account balance climbing again!

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Re: JC Denizens' Investment Advice??

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Everything dipped like crazy so I bought more!

Molly Muffsweet
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Re: JC Denizens' Investment Advice??

Post by Molly Muffsweet »

Tdarcos wrote: Thu May 13, 2021 8:30 pm
Flack wrote: Thu May 13, 2021 9:28 am In the 1990s, gold was selling for $250-$300/ounce. The current price is just over $1,800.
From 1990 to 1999, the price fluctuated from $384 in 1990, to $279 in 1999. As with any investment, short term it can go up or go down. As I have said, Gold is a long term investment intended to preserve wealth over time. But, if you buy it at the wrong time you can lose money. If you bought in 1978, gold was $147 an ounce. By 1980, the price had jumped to $680. Then it cratered; the price did not rise above $680 until 2006, or twenty-six years later. This is exactly why I have repeatedly said that it should be about a 10% investment, in case the price plummets, you don't lose too much. But, the price has risen steadily since 1971 when gold ownership was re-legalized.
Flack wrote: Thu May 13, 2021 9:28 am Gold gonna gold, baby. Same goes for property prices. Assuming banks and Wall Street and everything else is still operating, having a piece of paper saying you own some gold is as good as owning some gold.
Not necessarily. There was an incident in the Midwest a few years ago. A number of farmers had delivered their wheat to a silo, then the silo's owner went bankrupt. The farmers were secondary creditors to higher priority ones, who got paid first, from the sale of the wheat in storage. So the farmers got pennies on the dollar when the place holding their wheat went bust. Society was still intact, but they lost a lot of money.

These farmers had written proof that they owned a certain amount of wheat. They could have brought trucks down and retrieved it. That still didn't stop it from being sold to pay the silo owner's debts.

Recently, the FBI raided a business that offered non-bank safe deposit boxes. Despite the boxes being customer property, and the warrant was only against the owner of the business, the feds still seized the customers boxes, making them prove they're entitled to their property back.

They have written proof (or a key) that shows that they own a particular safe deposit box. Didn't stop it from being confiscated, and then they have to prove they have a right to it. Can be a big problem if you can't prove you made enough money to afford what was in your box.

You do not necessarily want to be holding a receipt for something valuable, you want to be holding the item.
Flack wrote: Thu May 13, 2021 9:28 am If you want to talk about good investments if the system ever crashes, that's a whole different story. Find someone who hasn't eaten in a week and offer them a choice between a pound of bacon and a pound of gold and see which one they pick.
If they're stupid they take the pound of bacon. If they have any intelligence, they take the pound of gold and deliver it to a coin dealer, who would give them $21,000, enough to eat, at $30 a day, for a year and a half. Even if civilization has collapsed, then people will still trade gold for food. People have been using gold for commerce for as long as there has been civilization, over 6,000 years. I can't see that changing any time in my lifetime.
Flack wrote: Thu May 13, 2021 9:28 am If you want to imagine what life will be at that point, go back a year and look at all the pictures of stores that ran out of toilet paper.
We've had TP shortages before. Johnny Carson stared one when he told a joke how the army was unable to find toilet paper because there was a shortage. Yes, there was. Of one-ply really cheap toilet paper they supply to troops. But, people thought it was a shortage of ordinary two-ply paper civilians buy. This then created a shortage as stupid people started panic buying. There was adequate supply of toilet paper for usual and customary demand. But not for panic hoarding.

Paper manufacturers make enough toilet paper for regular demand. If there are surges in demand you might ramp up a little, but you don't want to create so much that you've got stock sitting in warehouses that you can't sell because the excess demand evaporated. Stores don't want to buy excessive amounts because they don't want to be stuck with excess inventory. So in the case of sudden high demand, the supply chain can't keep up. This is why it's important to be able to either raise prices to discourage hoarding, or if not allowed, to ration purchases. Once all those panic buyers have more than they can use, the supply will return to pre-panic levels and the crisis will end.
Flack wrote: Thu May 13, 2021 9:28 am People will lose their minds in about two days.
And some people won't. They are the ones who make out like a bandit when others panic.
Flack wrote: Thu May 13, 2021 9:28 am You know all those guys driving their big 4x4 trucks in those Trump Trains a couple of years ago? Those will be the guys kicking in your front door and taking your food.
And when facing down the business end of a 30-06 or semi-automatic rifle, they will go elsewhere. Or if they search your place and can't find it. Or you leave your place looking like it's already been ransacked, so there's nothing to steal. The latter has usually been very effective.

There was a report about a guy who lived in a home in one of those prototypical South American banana republics where law-and-order break down with distressing regularity. He lived in a run-down house, overgrown with weeds and thorn bushes in his back yard. Looters ignored his place, seeing it was in terrible shape, he obviously had no money. His property was untouched while better looking places were ransacked.
Flack wrote: Thu May 13, 2021 9:28 am If you are considering walling off a portion of your closet to hide $50,000 in gold coins or whatever, you are preparing for the worst
If you have that much on hand you certainly should have insurance and an alarm system. And then you probably have to fight with your insurer over losses. Unless you've taken steps to make losses less likely.

But, in fact, you are preparing for the worst. That right here, right now, in civil society, you're just preparing against your property in a middle class neighborhood from being robbed. Robbers have to act fast, fast, fast, most try to be in-and-out in less than twenty minutes, often as little as ten. They're going to look for obvious things, jewelry boxes in bedrooms, portable safes they can grab and open at their leisure, cash in drawers, gun racks, furs, and stuff they can get to on a cursory basis, like computers. Things they can spend or fence. What they can't see they can't steal. If it would take them too long to find valuables, they just assume they aren't there and look elsewhere.
Flack wrote: Thu May 13, 2021 9:28 am -- and the reality of the worst is that people will be trying to kill you every single day to take your stuff, so you all better be prepared to switch from "I like to type on computers" to "I am willing to guard my house 24/7 and shoot anyone who tries to come in" mode.
Well, if civilization collapses that's what would happen. Then, depending on who you know and what they have, probably a group of like-minded people get together and one of them sits on a roof overlooking their homes in the neighborhood, shooting invaders. After a few hours another switches with them. At which point, looters seeing corpses outside the neighborhood will head for softer targets.

Back during the Rodney King riots, people wanting to steal things avoided certain stores, which remained untouched. Because the shopowners stood on their roof aiming a shotgun at anyone approaching their store.
Flack wrote: Thu May 13, 2021 9:28 am Nobody will want your gold because you can't eat it and it won't help you survive. A can of Campbell's soup will be worth more than a gold coin.
Bullshit. Over all of civilization, gold first, then silver, and other precious metals (like platinum) once we found a use for them, became the go-to commodity for trading and commerce. Gold has so many intrinsic uses: it does not rust or corrode, will not decay, it is resistant to most acids, it can be used for plating, gold leaf, jewelry, tooth fillings, cosmetics, medals, coins...

The guy who has extra food might be willing to sell some for gold, because he can trade gold for ammunition, medicine, and other useful things.

If a civilization collapses, looting might occur for a short time, but eventually the existing food rots and becomes useless. Eventually people have to go back to pre-electricity technology, which means hand plows and farm animals. Or perhaps hunting, which means learning to use a bow and arrow, slingshot, or throwing a spear (firearms will be useless once ammo runs out and the capability to make gunpower and cartridges is gone,)

Now, "no man is an island." The farmer who has surplus grain might want to buy another oxen. The man who has killed three wild goats or cattle might want to butcher it and trade for someone who can make shoes. Maybe he can trade leather but the shoemaker wants something extra for his trouble and to pay for the nails he needsto make the shoes. Or maybe he can't use any more leather, he's got too much, but wants some blankets. But the blanket maker wants somethinge else. And so on, and so on.

Once civilization rises again, where people start trading, barter has very high "friction" as the other party might want something you don't have. When acquiring a pair of shoes requires ten different transactions and you end up with two blankets and 50 pounds of wheat seeds you can't use, then maybe you decide there needs to be a better answer. Maybe you open a trading post, where various merchants sell you their goods on consignment. But that isn't good for perishables like eggs and milk.

Also, is a pair of shoes worth a pound of wheat or a bushel of wheat? Eventually, everyone is going to need something to make it easy to trade. Something that can't be counterfeited, that will retain value (meaning it has to be hard to obtain), that won't rot like whear, won't rust like iron, that you can continue to use even if they don't restore electricity in your lifetime. And it has to be something that if you got stuck with more of it than you can trade that it's useful for something else.

Over eons, the oly thing that has met all the needs of a stable, predictable money, has been gold, then later, silver.
Flack wrote: Thu May 13, 2021 9:28 am Tell an entire country that their money is worthless while turning off their food and water and watch how fast shit gets crazy. Go watch any of the Mad Max films and imagine how much better his life would have been if he had a bunch of gold hidden in a vacuum cleaner (hint: zero).
Uh, try again. In a complete, total collapse of society some people will start looting. In some cases they may have to, you would have to either abandon an urban area or be able to convert your apartment to grow food. But you'll need seed. Either you'd have to barter for it or steal it. Eventually civilization rises, and barter is too inefficient (has too much friction.) That's when people want something that they can use to effect trade, something valuable. Whatever it is - even if it was gasoline - people would want things they don't have (gee, it would be nice to have some shoes instead of being barefoot and maybe stepping on something.) "If only we had something better to trade with than gasoline, that's hard to come by and goes bad in six months."
"It would be nice if we had something valuable I could save to use for trading for things I need during the months when I'm waiting for my crop to ripen."

It definitely was worth sifting through all that useless bile just to get to this line below!

Only the Sweetest,

Molly Muffsweet.

Tdarcos wrote: Thu May 13, 2021 8:30 pm This is exactly why gold became a means of exchange. Because over millenia it was a reliable store of value.

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Re: JC Denizens' Investment Advice??

Post by Casual Observer »

bryanb wrote: Mon May 03, 2021 7:48 pm imagine you probably don't pay a ton to your employees, you greedy outsourcer you.
Actually it turns out that's not a workable strategy for starting out, not paying them much. Also, there seems to have been some inflation even there as our money don't seem to go as far.


Investment Update: rating C+

Investing money in starting my side company . . . getting off to a slow start.

Turns out that all the problems I already knew about outsourcing especially to the Philippines are still true. I was hoping that the pandemic would have caused enough economic hardship to fix the biggest problem with Filipinas (I don't hire men for offshore calling, women have a natural advantage in cold calling because men are glad to talk to them and women are less put off by their cold call) which I can't call anything else but laziness. I know a guy who operates call centers there and he says you have to put all the possible facilities in the office especially an on duty nurse because of rampant "I sick" calls. Also, apparently family members get sick a whole lot and sometimes die multiple times, according to call in records. I have experienced this remotely as well, it's a constant problem. Working multiple jobs without notifying the employer is common too but since I'm doing the same I guess "Sauce for the Goose Mr. Saavik".

So I've had success with these 2 Filipinas before at 2 jobs and 1 previous client so was really hopeful of "getting the team back together". Now, I've already bought these girls a generator(you need one regularly there, especially in the southern part) and one of them an air conditioner (expensed at a previous job) and they have enough bandwidth so no more technical issues. They're contractors so was hoping I wouldn't have to pay for their VOIP but money sent to procure those services evaporated so the free VPN thread.

First girl "Jovi" professed to love the opportunity and would want to work hard. 3 weeks later she admits that she really doesn't want to work opposite hours and her seaman husband supports them ok, so that's fine.

So now I've got my girl Sarah and one other caller she's worked with before and they're finally starting to get results. She first worked with me when I headed sales for this client so she already knew the call so I have little training overhead. I have zero financial risk (except the new infrastructure expenses) because she's 100% commission based, she only gets paid when a client pays me for a completed appointment. Because I have a full time job and am not desperate for the money and to build the relationship and help her get on her feet she's getting 80% of the client payment per lead (no stipend, no more loans Sarah) so I'm not being a greedy outsourcer yet. I lost one of the 3 clients due to their budget but starting to get things going with the other 2. So the almost $1500 I plugged into this thing has put me in place to hopefully keep 2 clients happy and get some extra spending money in the near term. To come will be a professional website, hiring someone in the US (probably in Detroit or somewhere in the middle like where Flack lives for cheap), then getting more clients but I can't do that until I have a reliable team to support the clients I have.


Other investments went to quality of life improvements: Rating A+

1) wife wanted to eat at John Howies Steaks, the $500 made her happy for almost a week before she started bitching again, best part was her constant worrying about covid exposure for the next two weeks because we hadn't been vaxxed yet. I mean she put it on her damn calendar and worried about it for exactly 14 days. - win

2) Kenyan Sand Boa, total cost came in around $250 and it's a great hobby. Snakes aren't really pets, keeping them alive is a hobby and they don't do much so it goes back and forth between a knick knack and amusement. Bonus is the wife seems to hate everything about it. - WIN

3) Patio environment improvements
- Propane Grill, I can't believe I've always eschewed this modern time saver. Last time the wife wanted McD's I said fine I'll get you that but I'm cooking my own damn burger, she can control the kitchen but not my damn grill - BIG WIN
- Grass, I don't know if you saw in pics about my wood pile but the area around my patio was just dirt and when it rains all the time it's mud, got permission to throw some grass seeds and am thinking of a thread to show the progress. I already have before, mid, and after pics. - WIN

4) The Oak Barrel - Don't buy from www.freedomoakbarrels.com at all. The first barrel was horrible, they drove the strap right into a plank and the wood extended almost completely over the strap. Website says email for returns "sorry we don't have a phone yet" and email back says "sorry, only replacements". So about a month later replacement came but now I'm out of Makers so didn't even bother opening the box yet. - MEH

5) Water. I've always recoiled at the idea of paying extra for something that I'm already paying for to come out of the tap. The wife's been wanting one of these for awhile and since I'm WFH for foreseeable future I'm like "what the fuck, why not". Problem is the company that delivers those big bottles here www.water.com is horrible, horrible, horrible to work with. I'm fine paying $10.99 for a 5gl jug of distilled water, am I not important enough as a current customer to put some reps on current customer calls? Their system asks if you're a current or new customer so I was honest first. 25 min later I called again and lied and was answered right away. The rep said, "well, I can't transfer you directly but I can PUT YOU NEXT IN LINE". Motherfuckers. So sticking with original order of 3 Distilled bottles a month and will fill up anything else I need for $2 at safeway. - win, I'm loving the machine and the taste of the water

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Re: JC Denizens' Investment Advice??

Post by Casual Observer »

Hey Jizzaboz, what do you make of this?

https://www.cnbc.com/2021/06/24/mining- ... lainternal

I've always loved the idea of bitcoin mining but it sounds like it takes a server room or like hundreds of cell phones or something.

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Jizaboz
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Re: JC Denizens' Investment Advice??

Post by Jizaboz »

Casual Observer wrote: Mon Jun 28, 2021 4:59 pm Hey Jizzaboz, what do you make of this?

https://www.cnbc.com/2021/06/24/mining- ... lainternal

I've always loved the idea of bitcoin mining but it sounds like it takes a server room or like hundreds of cell phones or something.
Yeeahh this story is a little fishy to me. However, if true maybe we can finally get some video cards and PS5s over here in USA!

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bryanb
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Re: JC Denizens' Investment Advice??

Post by bryanb »

Eric, do you think your Filipina employees basically resent you on some level because they see you as a rich American who exploits them even though you cut them a lot of slack and invest in extras for them like generators? Does that just inevitably come with the territory? I think I'd absolutely hate that feeling personally. It's honestly a big reason why I'd be reluctant to ever have employees no matter what country they were based in. I'd want to be the cool boss who is always looking out for everyone and who always has an open door and a ready ear, but my experiences in life tell me that there's always someone in every workplace who feels like they're being totally screwed over and that person tends to know exactly who to blame for their plight. Uneasy lies the head that wears the crown.

Thanks for the update, by the way!

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