Any GTAM'ers own an electric vehicle?

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If we could all see into the future with 100% accuracy we’d all be billionaires. The markets might do nothing, they might do a lot. If Trump decided to act on one of his wild annexation threats by as much as sending a jet over Greenland or something, the markets ain’t gonna like that. They like stability, not chaos.

Anyhow, again, if we all knew the future….

I’ll take my chances with losing a little bit of profit for the next few months to safeguard things. And I trust what our financial advisor has to say as that’s his entire life.

If there is a dump, the money will all go back in same day and we’ll ride the upswing. He’s on top of this.
 
PrivatePilot said:
If we could all see into the future with 100% accuracy we’d all be billionaires. The markets might do nothing, they might do a lot. If Trump decided to act on one of his wild annexation threats by as much as sending a jet over Greenland or something, the markets ain’t gonna like that. They like stability, not chaos.

Anyhow, again, if we all knew the future….

I’ll take my chances with losing a little bit of profit for the next few months to safeguard things. And I trust what our financial advisor has to say as that’s his entire life.

If there is a dump, the money will all go back in same day and we’ll ride the upswing. He’s on top of this.
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I have an inherent distrust of most advisors. They win by volume not performance. BIL is in an investment related job, when markets are volatile, advisors spend all day on the phone holding hands. Clients in GIC's are easier to deal with as few complain even if they miss the opportunity for huge gains. Very little of their business model is focused on investor returns. It is all sales and how much the company makes from the investors.

There are advisors that seem to do better (MM has one, hopefully you do to) and not all are crap. I think >90% of advisors are crap and the stats agree with me.
 
PrivatePilot said:
Easy to say when you’re not looking at retiring in the next few years. If **** tanks 40% not all will come back fast.

And it’s not earning 0, it’s just earning less, but is secure.

It’ll go back into the markets in chunks after 90 days.

Our financial advisor strongly agreed with the move (and has lots of $1M+ clients doing the same) as he’s seeing signs of not only market instability building, but there’s also the “Trump does something incredibly stupid and the markets react badly” factor.

Once 90 days is past, chances are we’ve passed the “Trump does something stupid” phase at least.
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I'm retiring at the end of 2026. Reality is you wont need all of your investments all at once. I know 2 guys that tried to time the market at the beginning of covid and both it was a huge mistake. If your decision works in your favour, you were just lucky. Just my opinion, worth the price paid.
 
danp said:
Here's a good story about "bob, the world's worst market timer", he always invests at the worst possible time, but his one saving grace is that he never sells, and as a result he still makes a decent return in the markets.

humbledollar.com

Buy High Sell Never - HumbleDollar

IN BEN CARLSON’S wonderful book, A Wealth of Common Sense, there’s a vignette about Bob, the world’s worst market timer. Bob is a diligent saver. But unfortunately, he’s cursed with horrible market-timing skills, plowing money into the stock market just before every major decline. For you market...
humbledollar.com humbledollar.com
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Interesting but quite useless as presented. They presented no numbers only that dollar cost averaging would have had resulted in double the money. They say he retired wealthy but you could say that if you invested 10M and lost 9M of it. The author greatly failed when they didn't include the return over 43 years. Without the return or some similar metric, the whole story means nothing and has no conclusion that can be drawn.

EDIT:
Other versions of the story have some numbers (about 5x over 43 years). Sadly, again the system was gamed and Bob contributes different amounts every time. I can grossly change the return over time by adjusting the amounts he invested each time. Mostly garbage.

What if You Only Invested at Market Peaks? - A Wealth of Common Sense

What happens when you only invest at the peaks of the market by being the world's worst market timer.
awealthofcommonsense.com awealthofcommonsense.com

If Bob invested 10K each time on the same four dates as the story, he'd have $650K or about 16x (166K inflation adjusted). I can't be bothered running the numbers with him saving a flat x/year to invest but that will get yet another grossly different answer. All have him up substantially but when your returns triple based on your input assumptions, it's not a great story nor lesson.
 
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I think the point the article is trying to make is that even if you jump into the market at the worst possible time you'll still do fine if you don't panic sell. Of course that assumes you have a long investment horizon to wait for your portfolio to bounce back if it crashes. I am nowhere near retirement yet so I'm not sure what I'd be doing if I was gonna retire next year and needed to count on that money to live on. I'd like to think I'd still stay in the market but put the money into something with a bit more fixed income, like VBAL.
 
danp said:
I think the point the article is trying to make is that even if you jump into the market at the worst possible time you'll still do fine if you don't panic sell. Of course that assumes you have a long investment horizon to wait for your portfolio to bounce back if it crashes. I am nowhere near retirement yet so I'm not sure what I'd be doing if I was gonna retire next year and needed to count on that money to live on. I'd like to think I'd still stay in the market but put the money into something with a bit more fixed income, like VBAL.
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If I was in that situation, I am inclined to put enough money for approximately three years into fixed income. That should be in the ballpark of 10-20% of your portfolio (hopefully closer to 10). That is the only money I touch to leave the rest riding the roller coaster. If that runs out or the market recovers, then re-evaluate what is happening. That saves you from drawing down the big pool at the worst time.
 
GreyGhost said:
If I was in that situation, I am inclined to put enough money for approximately three years into fixed income. That should be in the ballpark of 10-20% of your portfolio (hopefully closer to 10). That is the only money I touch to leave the rest riding the roller coaster. If that runs out or the market recovers, then re-evaluate what is happening. That saves you from drawing down the big pool at the worst time.
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Yes Sir.
 
I'm just gonna leave this here.

MANSORY ELONGATION

www.mansory.com www.mansory.com

mansory_elongation01.jpg
 
Jay Leno test drives the new Scout prototype:


I'm really liking the new Scout SUV and pickup. I love the idea of a gas range extender too. Unfortunately these cars will be a bit beyond my budget.
 
MacDoc said:
ouch

Tesla owners get creative to distance themselves from Elon with new car logos & projectors

Tesla owners are finding creative ways to distance themselves from Elon Musk. They are now removing Tesla logos from their...
electrek.co electrek.co
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It's actually illegal to rebadge a car if you're adding something that isn't true, eg replacing a tesla badge with an audi one. If the car is involved in a crime and someone who doesn't know cars well reports it based on the badge, now the cops are looking for the wrong car.
 
MacDoc said:
ouch

Tesla owners get creative to distance themselves from Elon with new car logos & projectors

Tesla owners are finding creative ways to distance themselves from Elon Musk. They are now removing Tesla logos from their...
electrek.co electrek.co
Click to expand...

Do these people think they’re actually fooling anybody? Only the most inept of the inept would be unable to identify a Tesla just by its looks.

Anyhow, in related news, I’ll just leave this here… I hope anyone here who was invested in that pile of steaming crap that has become Tesla divested themselves of the stock as there’s no sign this is going to slow anytime soon, especially with other countries likely about to pile on tariffs on them.

It’s effectively lost 1/3 of its entire valuation in 30 days.

1741101164886.png
 
PrivatePilot said:
Do these people think they’re actually fooling anybody? Only the most inept of the inept would be unable to identify a Tesla just by its looks.
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Many people (including my wife) suck at car identification. She identifies vehicles by colour mostly. Some of those conversions were well done and would confuse a good percentage of the population (for instance the mazda below).

Screenshot-2025-03-03-at-2.40.44%E2%80%AFPM.png
 
GreyGhost said:
Interesting. HTA reference?
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Just checked it, and don't see anything specifically about badges, but I bet the cops would get you on the "false statement" like in section 12(1): Every person who, (d) uses or permits the use of a number plate upon a vehicle other than a number plate authorized for use on that vehicle;
(e) uses or permits the use of evidence of validation upon a number plate displayed on a motor vehicle other than evidence of validation furnished by the Ministry in respect of that motor vehicle; is guilty of an offence...
 
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