DGS49
Diamond Member
I am 75 years old, long retired, and "comfortable," financially.
For the past year I have been pondering an improvement to my bathroom, converting my fiberglass shower enclosure into a walk in shower. Depending on specific choices, it's a $10-15 thousand deal. It probably won't increase the value of my townhouse/condo, but if done well, it could make it a bit easier to sell when the time comes.
Then Trump got elected.
Between November 5th and today, my portfolio has increased in value by about a quarter million dollars. Of course, it has increased by about a million since Biden was elected, despite my taking out about a hundred thousand every year for "incidentals." I cringe at the thought of some politicians wanting to tax unrealized gains.
This can't be real money. The market will crash, it's just a question of when and how far it will drop.
I think the wise choice is to continue managing my financial affairs as though these gains had not taken place. Then when it all goes away, I'll still cry like a baby but with no real justification. Like paper money, it's best never to consider the actual value of a share of common stock - both are intrinsically worthless.
For the past year I have been pondering an improvement to my bathroom, converting my fiberglass shower enclosure into a walk in shower. Depending on specific choices, it's a $10-15 thousand deal. It probably won't increase the value of my townhouse/condo, but if done well, it could make it a bit easier to sell when the time comes.
Then Trump got elected.
Between November 5th and today, my portfolio has increased in value by about a quarter million dollars. Of course, it has increased by about a million since Biden was elected, despite my taking out about a hundred thousand every year for "incidentals." I cringe at the thought of some politicians wanting to tax unrealized gains.
This can't be real money. The market will crash, it's just a question of when and how far it will drop.
I think the wise choice is to continue managing my financial affairs as though these gains had not taken place. Then when it all goes away, I'll still cry like a baby but with no real justification. Like paper money, it's best never to consider the actual value of a share of common stock - both are intrinsically worthless.
