Karisma

Adapt to the markets. I tend to hold some individual stocks when we're in a somewhat predictable bull run (i.e. momentum trends like green energy when Biden was elected and AI the last couple of years) but when it's volatile and consistently uncertain, like our current market, I retreat into less volatile assets like ETFs.

Alright x gurus, what is your #1 wealth growth hack?

@IndexAndForget Start small early with however much you can and be consistent!

For those who have a $100,000+ stock portfolio. Give one crucial advice for someone to get there too.

Yup. Wouldn't have it any other way. I lived in Japan (who has universal health care) for a year in my 20s and got swolen tonsils repeatedly--to the point where it hurt to swallow even yogurt. The doctor insisted I must've had the problem since I was a child and should have them removed. I assured them I would've noticed such a thing before and that was certainly not the case, but that was their only answer. I ignored them and left. My tonsils haven't had any problems since my repatriation almost twenty years ago! My cousins have been expats in France for several years and an old friend has been for a while too. Not to mention a European on X posted just yesterday that most in Europe don't earn over $1,000 a month. My cousins/friend can tell me firsthand that incomes are small there after taxes so healthcare ain't "free." Lastly, Obamacare was enough to cover most responsible people. The no denial of a pre-existing condition stipulation was humane. There's no need to go off the deep end now. I've been purchasing my own health insurance in California for most of my life (only had a 9-5 with insurance for 2.5 years--I don't like 9-5s) and I'm 43. I purchased it diligently ever since graduating college. Currently, after the enhanced subsidies expired, I pay $200 a month. I can afford that. My deductible is $10K, which I have socked away just in case. I know most people can't cover a $1000 emergency but most people also rack up credit card debt for wants, not needs. I've seen it happen over and over again, and I don't want to be responsible for their tab after I sacrificed for years until I could get ahead. I had a medical emergency in CA over three years ago I won't go into the details of but I wound up at Kaiser and eventually with a $9K tab. My friend, who has been living on life-saving pills with stage 4 breast cancer for about 6 years now, on disability/medical/early social security (she's in her mid-40s now and I'm glad this is an option for her), told me that Kaiser has a program as a non-profit hospital that waives such debts if you're low income. I had no income at the time due to my illness, though I had much more than enough saved/invested, and they still waived my $9K. I don't know about other states but what CA has is more than good enough.

@MoneyKarisma @SteveOnSpeed Great, but France actually is following the general medical guidelines on this topic. Your response is why we don't have universal health care here, American's want what they want when they want it and think they need it and screw everyone else and the proven guidelines.

Extremely unpopular opinion: The United States has the most capable healthcare system in the world. But not necessarily the cheapest or one that makes the most sense. This is why so many people keep coming to the US for healthcare if they can.

@ASkiba01 @SteveOnSpeed Alrighty then. Whatever you say.

@MoneyKarisma @SteveOnSpeed Naw you still lying. Pus in your wound and didn’t need to see a Dr dont go together. If you have pus you do need to see a Dr. That infection needs to be swabbed, and cultured. You need antibiotics at that point. Pharmacists in France have an ability to prescribe antibiotics.

@kzitouni1 So far enjoying it more than IG and FB, and spending less and less time on those platforms these days. Much more useful info on X.

@MoneyKarisma how do you feel to be back?

I unfollowed 50+ people over the weekend They all quit in less than 3 months I need to get some new faces on my feed If you're building and posting on X Give us a reason to follow you in the comments.

You sound mature. If anyone is/was lying, it'd be the pharmacist. There was pus in my wound and I did not need to see a doctor. It was right before coming home to a free country where I could make my own decisions and use my own discernment sans rigamarole/medical bureaucracy. All better now.

@MoneyKarisma @SteveOnSpeed Liar liar pants on 🔥. They have several alternatives to Neosporin that would be available. Bepanthen, or Biafine would be available and are just as good. They are only missing the antibiotic which would only help if you developed an infection. In which case you should see a Dr.

@NatashaPP @SteveOnSpeed I see

@MoneyKarisma @SteveOnSpeed Last 10 years they stopped giving antibiotics without recepie.

@CoachSchardein @SteveOnSpeed I know why they do it and I'm aware of MRSA. I prefer to be able to make my own choices using my own discernment. It's really not often I end up with a pus wound. I don't overuse antibiotics. I can decide for myself when it seems a wise choice. #freedom

@MoneyKarisma @SteveOnSpeed They would offer you a antiseptic, because unlike American they try to reduce the usage of antibiotics to reduce antibiotic resistance.

@ShaunGhavami Congratulations! I was raised on welfare too. Left homeless during the Clinton welfare reform era. My parents are not in my life for different reasons but me and my younger brother are close and doing well.

I had 2 goals as a kid on welfare: 1. Get my parents off it 2. Buy them a house It took me into my 30s, but both are done now. Every hard decision I've made traces back to those 2 things.

@joshelizetxe @Hewasecom How did you determine how much buffer you need? A couple of years of expenses? Whatever feels safe instinctively? Something else?

Buffer first, always. I want that 1-3M liquid cushion in place before I care about ratios. Once it’s there, the surplus goes into boring compounding. It’s not 50/50 or 80/20 for me, it’s “buffer’s full, now everything extra has a job.” The cushion is what lets me never make a desperate move.

My money rules after losing millions: 1-3M in cash, always liquid. 10-30M in boring investments that compound while I sleep. I already gambled to make it. I refuse to gamble to keep it.

@morganhousel "There's always a psychological, emotional story for how people spend their money. We're all shaped by our experiences, my childhood, your childhood, the generation that we were in." -- @morganhousel on The @MebFaber Show

@readswithravi The Psychology of Money by @morganhousel.

Name a book that everyone should read. I’ll go first: Man’s Search for Meaning by Viktor Frankl.

@cadeinvests I taught myself day trading by reading books and watching YouTube for 2 years. I got a job as a financial news writer and stock trading newsletter writer out of it. These days I work in events and long-term invest. It's good times.

Anyone can invest nowadays. You don’t need a finance degree. You don’t have to work in banking. You don’t need millions of dollars. You just need a little bit of knowledge and the ability to stay consistent.

I taught myself day trading and investing by reading books and watching YouTube videos for 2 years. It's worked out well.

@Elenabardyf Yes, I am on track for that.

Do you think you will become a millionaire one day? 🤔

@brightafia Absolutely yes. But I also used to go on week-long silent meditation retreats every year for ten years.

I’m genuinely curious: is there anyone here who feels comfortable spending an entire day at home alone, without meeting or talking to anyone?

This is not good if your annual raise is tied to inflation, nor if you don't like being duped: kucoin.com/news/flash/fed…

@_tobyblush Yeeessss, I've always felt the same way ;-).

Ladies, I beg of you. Outsource your house chores if you can. Cooking, cleaning, laundry, anything at all. There’s no award for suffering. The term “wife material” is more of an insult than a compliment.