The lion kingdom's S&P gamble during the last dip grew by .4% or a 2.6% annual rate in 2 months. With the 1% dividend, it's a 3.6% annual rate. That's roughly equal to the current 4.3% treasuries before annual taxes. That's still with the index 10% below all time highs. Theoretically, positions like this could give equivalent short term gains as bonds with the long term advantage of stonk but they have to be bought well below all time highs to get such a short term gain.
Better get used to 3-4% yield, no matter what. The 10% stonk growth of 15 years ago is probably over in lion lifetime. That started with a generational low.
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Lions are still sometimes surprised how rich most gootubers are. Animals just don't go public if they're poor. If they're rich, they tend to want attention if not disclose their wealth. It's contrary to the historic view of the internet as a bunch of social rejects, pretenders, hustling for fame & money because they need to. Joe Kuhn was a successful Alcoa manager, making a lot of money in a low cost state with a pension.
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After 4 years of finance tube recommendations, lions have concluded cold turkey retirement without a pension really is just the domane of movie stars. The bottom 99% are not really retiring. They're living off a wife's income or working forever.
The juice of not having to make money is normally not worth the squeeze of how little one can afford. They're finding it easier to continue working. At best, their passive income gives flexibility in their day jobs. They might wait for half decent jobs, go cold turkey for a few years, take a sabbatical & then return to the workforce, make monetizable gootube videos, sell crap on fleebay, manage rental properties.
The idea of putting all your money in an index fund & calling it quits is really a fairy tail unless you're super rich. It just takes so much money to bridge the bear markets & so much money to generate income from the bull markets, no-one has enough investable money to fill both buckets.
The lion kingdom still sees living like Robinson Crusoe as 1 possibility. Lions remember the media saying 30 years ago that cold turkey retirement was over. Our generation was just going to have to get used to an active retirement, actively looking for jobs.
The problem with lions is they don't see value in what everyone else sees value in. Their happiest times were spent making things they saw value in but no-one else did. It always made it hard to make money.
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Someone who buys a 1st home after retirement is in a unique situation not covered by any gootubers. A lot of mortgage assistance is only available to 1st time buyers. As bleak as the inflation situation is, income in retirement is going to be a lot less than someone with a job, which might open a lot more mortgage assistance programs. They just have to ignore assets & employment.
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The party is over
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Lions started pondering ditching the phone for the MCM & either not recording it or using a watch. Part of the gag, besides phone makers making it harder to record GPS data, is the growing size of phones making them impractical for a sport. There's a limited set of applications which are monetizable & they're trying to push while squeezing everything else out.
Helas, marathons record a very limited number of splits, but GPS is terrible in the urban sections. Not having the phone means not having any camera. Lions do want to photograph at least the starting line but they ran many races without photographing anything.
That means watching DC Rainmaker, always a depressing experience. His presentations of chinese gadgets always make them look like brilliant replacements for what lions struggle to do with custom machines. Any thought experiments show it's not real, the use cases are all contrived, & lions would be utterly disappointed with chinese gadgets, but they still look brilliant. The guy can sell like no other gootuber, in lion minds.
GPS watches are damn expensive & have been continuously rising because of the monetization problem. Phones are cheap because they monetize the content & the data usage.
Purpose built GPS recording widgets are huge & still expensive. The day job provides pretty high end GPS modules with PPS output, but they use a lot of power.
The cheapest GPS watches were the 5 year old Timex R300 & T300 with 20 & 12 hour battery life.
The decision was made to burn $65 on an R300.
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