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This sadly seems all too common... Once people finally have money to invest, buy a home, etc... The prices are suddenly much higher.

wmf 9y ago
There are good investments out there today but we just don't know what they are yet.
- vasilipupkin 9y ago
  bitcoin?
  - sametmax 9y ago
    Crypto in general if you manage to cash out before the bubble bursts. But it can be next month or in 5 years so good luck.
mikestew 9y ago
Yeah, same thing I said over twenty years ago. Yet here I am with an assload of money in the brokerage account, and a house that has tripled in value since we bought it. AAPL at $18 was still a crap shoot, you don’t hear anyone going on about how well their pets.com stock worked out. But AAPL at $30? At $100 pre-split? There was still plenty of money to be made on AAPL above $18, and after AAPL had established that they were not going anywhere. I had some AAPL @ $17, IIRC, but most of my money made on AAPL was long after that price point. And that’s just an example, buying opportunities are everywhere, the trick is separating the AAPLs from the PETS. (sorry, I tried to find a dot.boom company that sold oranges online so as to have an appropriate comparison, but failed.) Housing? If you’re complaining about SV, I have no help for you, that place is nuts. Everywhere else, generally, isn’t any worse than when we bought our first house 25 years ago. But once you’re in and can make the payment, the numbers just get bigger as time goes on, as your house price is going to be relative to those around you.
- sah2ed 9y ago
  > (sorry, I tried to find a dot.boom company that sold oranges online so as to have an appropriate comparison, but failed.) Webvan? They did the online groceries thing, crashed and burned then got bought by Amazon.
  - mikestew 9y ago
    Ah, WebVan, one of the many dot.bombs I missed when they went under. I’m sure Kozmo would have brought me an orange, too. But I was shooting for a company whose stock symbol would have logically been ORNG or summat. :-) “We bring you only the freshest, organically-grown...”

wmf 9y ago

There are good investments out there today but we just don't know what they are yet.

vasilipupkin 9y ago
bitcoin?
- sametmax 9y ago
  Crypto in general if you manage to cash out before the bubble bursts. But it can be next month or in 5 years so good luck.

mikestew 9y ago

Yeah, same thing I said over twenty years ago. Yet here I am with an assload of money in the brokerage account, and a house that has tripled in value since we bought it. AAPL at $18 was still a crap shoot, you don’t hear anyone going on about how well their pets.com stock worked out. But AAPL at $30? At $100 pre-split? There was still plenty of money to be made on AAPL above $18, and after AAPL had established that they were not going anywhere. I had some AAPL @ $17, IIRC, but most of my money made on AAPL was long after that price point. And that’s just an example, buying opportunities are everywhere, the trick is separating the AAPLs from the PETS. (sorry, I tried to find a dot.boom company that sold oranges online so as to have an appropriate comparison, but failed.) Housing? If you’re complaining about SV, I have no help for you, that place is nuts. Everywhere else, generally, isn’t any worse than when we bought our first house 25 years ago. But once you’re in and can make the payment, the numbers just get bigger as time goes on, as your house price is going to be relative to those around you.

sah2ed 9y ago
> (sorry, I tried to find a dot.boom company that sold oranges online so as to have an appropriate comparison, but failed.) Webvan? They did the online groceries thing, crashed and burned then got bought by Amazon.
- mikestew 9y ago
  Ah, WebVan, one of the many dot.bombs I missed when they went under. I’m sure Kozmo would have brought me an orange, too. But I was shooting for a company whose stock symbol would have logically been ORNG or summat. :-) “We bring you only the freshest, organically-grown...”