Cashing out crypto and then?

[cryptofriendly]

I didn't figure out you were that young.

LOL, I'm not even half way through life, according to the average life expectancy I should still be alive by then.
But I don't think I could spend that much money when 80 years old anyway, doing coke from a hookers a*s
would kill me then for sure.

Daniel, I think my fasting, NAD+, and metformin supplements should add even a few years more.
In the end it's not about duration, but quality of life.

 

[daniels27]

LOL, I'm not even half way through life, according to the average life expectancy I should still be alive by then.

I have been a 'digital nomad' before that expression existed, must be for 28 years now...

You mean that you started travelling by the age of 13?

 

[cryptofriendly]

You mean that you started travelling by the age of 13?

You mean I won't get older than 82? I beg you pardon, being unvaxxed should add a few years.

 

[daniels27]

You mean I won't get older than 82? I beg you pardon, being unvaxxed should add a few years.

You mentioned average life expectancy, which won't get older than 82.

 

[cryptofriendly]

You mentioned average life expectancy, which won't get older than 82.

Deepseek suggests 84 at least, it states that as I have already survived my childhood and my wild teens, the life expectancy at the current point actually statistically increases, and also the location plays a role, as the absence of opiates and gun violence (non-US) adds 4-5 years as well. It's pretty interesting.

BTW: I didn't know you keep a book on me

 

[daniels27]

BTW: I didn't know you keep a book on me

I do not keep a book, but I remembered you writing this a few weeks ago.

 

[peter taradash]

Long Term Investing for Octogenarians

When you get to be over 80, "long term investing" doesn't make much sense.

One of my smart young neighbors here in Manila BGC wanted me to put some money into his excellent investing strategy:

What’s that?

A major shopping mall called Market Market is being torn down. It will definitely be replaced in about 3-5 years with an even bigger mall, apartments, and more importantly, a major subway transit station.

He (IMO anyway) correctly predicts that the apartments now for sale across the street – for sale at around$300-$400 will easily double in value . He is going into highly leveraged deals

for as many as he can buy with little or no money down. Existing rents should cover holding costs with a slight negative cash flow. He needs investors.

To make a long story short, a 30% annual return (in Pesos or dollars) is all but assured. Should I (or YOU?) go into this deal with him?

It depends:

If my life expectancy was 20 years or more, maybe yes. But as it is, what difference will it make if when the deals mature I am in my 90's – very likely to be in heaven.



I write this to let Offshore Corp's more mature members that common sense dictates that "long term investing" may not be for you.

 

[Mercury]

When you get to be over 80, "long term investing" doesn't make much sense.

This. When people talk about investment they almost never consider life expectancy or rather healthy life expectancy, although that's a key criteria.

https://www.who.int/data/gho/data/t...e-life-expectancy-and-healthy-life-expectancy

Money does not make you immortal (yet).

 

[EliasIT]

Long Term Investing for Octogenarians

When you get to be over 80, "long term investing" doesn't make much sense.

One of my smart young neighbors here in Manila BGC wanted me to put some money into his excellent investing strategy:

What’s that?

A major shopping mall called Market Market is being torn down. It will definitely be replaced in about 3-5 years with an even bigger mall, apartments, and more importantly, a major subway transit station.

He (IMO anyway) correctly predicts that the apartments now for sale across the street – for sale at around$300-$400 will easily double in value . He is going into highly leveraged deals

for as many as he can buy with little or no money down. Existing rents should cover holding costs with a slight negative cash flow. He needs investors.

To make a long story short, a 30% annual return (in Pesos or dollars) is all but assured. Should I (or YOU?) go into this deal with him?

It depends:

If my life expectancy was 20 years or more, maybe yes. But as it is, what difference will it make if when the deals mature I am in my 90's – very likely to be in heaven.



I write this to let Offshore Corp's more mature members that common sense dictates that "long term investing" may not be for you.

very very true, in your situation and your age you only focus on short term, long term is long over for you. Question is if you have sufficient with money if you should look into any investment at all, or just enjoy the max level of the rest of your life with what you have.

 

[void]

This. When people talk about investment they almost never consider life expectancy or rather healthy life expectancy, although that's a key criteria.

it depends on one's model of preferences, doesn't?
somebody cares solely about himself, somebody thinks about the offspring or future generations (family name), somebody is focused on a "legacy", company or brand - all options are perfectly legit but have totally different impact on one's actions