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Yes, I'm sure I'm going to lose my shirt because I invest 7k a year into a risky asset. Certainly there is no other possible way I could have other investments

by Kranar 5y ago

Yes, I'm sure I'm going to lose my shirt because I invest 7k a year into a risky asset. Certainly there is no other possible way I could have other investments, including other retirement accounts, where I don't use risky assets... nor could it be that the key takeaway from my post is to put SOME of your capital into a risky asset, especially one that is tax advantaged and especially if you're younger. Of course not, clearly the takeaway from my post is to lose your shirt by taking all your money and investing it into TQQQ.

BoorishBears 5y ago
You wasted so much energy on snark that you forgot to say anything of meaning... Common sense would tell anyone who read my comment "shirt = investment in scheme" not "shirt = every investment you ever made in every form ever" It's almost like you're insecure about how harebrained your scheme sounds.
- Kranar 5y ago
  Yes, the term "lose one's shirt" just means losing some portion of the money you invested. It most definitely does not mean what Oxford defines as "losing all of one's possessions", or what Collin's Dictionary defines as "to lose all that one has" (https://www.collinsdictionary.com/dictionary/english/lose-ones-shirt https://www.collinsdictionary.com/dictionary/english/lose-on...), or what Investopedia explains has its origin from the Great Depression to mean: "This phrase implies not just loss, but ultimate loss. You may lose something important and precious but if you have lost the shirt off your back then you are not left with much." Of course from context anyone would see that what you meant by it was just losing some portion of ones investment. I must definitely have been too insecure to understand your point and thank you not only for clarifying your position, but making such a substantial contribution to this discussion. You clearly have a deep and nuanced grasp of finance.
  - BoorishBears 5y ago
    > You clearly have a deep and nuanced grasp of finance. That's the beauty of it, I don't! Not that I have time to be playing slots with just 7k, but I get to rely on people who do have that deep understanding! That way I (usually) don't have to listen to people who lack said understanding bray about TQQQ! - That being said it takes minimal common sense and the ability to read a prospectus to steer people away from holding a product designed as hedge for intraday strategies for long periods of time... So congratulations on your first words that were able to cut through the viscous layer of "angsty 13 year old after being told to go to their room" coating everything you say :)

by Kranar 5y ago

BoorishBears 5y ago

You wasted so much energy on snark that you forgot to say anything of meaning... Common sense would tell anyone who read my comment "shirt = investment in scheme" not "shirt = every investment you ever made in every form ever" It's almost like you're insecure about how harebrained your scheme sounds.

Kranar 5y ago
Yes, the term "lose one's shirt" just means losing some portion of the money you invested. It most definitely does not mean what Oxford defines as "losing all of one's possessions", or what Collin's Dictionary defines as "to lose all that one has" (https://www.collinsdictionary.com/dictionary/english/lose-ones-shirt https://www.collinsdictionary.com/dictionary/english/lose-on...), or what Investopedia explains has its origin from the Great Depression to mean: "This phrase implies not just loss, but ultimate loss. You may lose something important and precious but if you have lost the shirt off your back then you are not left with much." Of course from context anyone would see that what you meant by it was just losing some portion of ones investment. I must definitely have been too insecure to understand your point and thank you not only for clarifying your position, but making such a substantial contribution to this discussion. You clearly have a deep and nuanced grasp of finance.
- BoorishBears 5y ago
  > You clearly have a deep and nuanced grasp of finance. That's the beauty of it, I don't! Not that I have time to be playing slots with just 7k, but I get to rely on people who do have that deep understanding! That way I (usually) don't have to listen to people who lack said understanding bray about TQQQ! - That being said it takes minimal common sense and the ability to read a prospectus to steer people away from holding a product designed as hedge for intraday strategies for long periods of time... So congratulations on your first words that were able to cut through the viscous layer of "angsty 13 year old after being told to go to their room" coating everything you say :)