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Alan Smithee posted:Kickstarter bible: disrupting Big Clergy. Top stretch goal gives you a jesus sculpture One weird trick the Fourth Latearan Council doesn't want you to know!
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Jul 9, 2019 20:16
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I’m the six thousand dollars a year in auto insurance.
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Jul 9, 2019 20:22
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A guy who works for me has about $400k in a brokerage and said he pulled it all into his money market account. A correction is a coming... 5% more gains not worth a 60% loss. At least he also noted that his tax bill will be high and is aware for next year. Says he will kept it as cash until April 2021.
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Jul 9, 2019 20:35
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Seems legit
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Jul 9, 2019 20:36
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KYOON GRIFFEY JR posted:I’m the six thousand dollars a year in auto insurance. Yet no car payments? There's no way this guy is buying cars with cash.
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Jul 9, 2019 20:36
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spwrozek posted:A guy who works for me has about $400k in a brokerage and said he pulled it all into his money market account. A correction is a coming... 5% more gains not worth a 60% loss. At least he also noted that his tax bill will be high and is aware for next year. Says he will kept it as cash until April 2021. You know, when the S&P was 65% of what it is now.
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Jul 9, 2019 20:40
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My favorite part is the contrast between highs and lows. Only $40/month on phones!
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Jul 9, 2019 20:41
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Hoodwinker posted:I'm still recalling a friend's girlfriend who pulled all of her money out of the market when Trump got elected. Well the world was ending, so that's understandable.
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Jul 9, 2019 20:49
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Thesaurus posted:My favorite part is the contrast between highs and lows. Only $40/month on phones! The buried lede on that is they both have work pay for their phones so the $40/mo is for an "emergency" phone... which is about what I pay for my actual phone plan lmfao
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Jul 9, 2019 20:52
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Raldikuk posted:The buried lede on that is they both have work pay for their phones so the $40/mo is for an "emergency" phone... which is about what I pay for my actual phone plan lmfao Shouldn't an "emergency phone" be a $20 burner with 100 minutes on a Sim card? So like $25 one time cost.
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Jul 9, 2019 20:55
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Hoodwinker posted:I'm still recalling a friend's girlfriend who pulled all of her money out of the market when Trump got elected. can you really morally profit off the market movements since his election though? for that matter, all the shaming of people in here who choose to invest their conscience and what they believe in instead of just pouring it into some autonomous index fund that has no relevance to any specific idea, no wonder things are so hosed
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Jul 9, 2019 21:02
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Alan Smithee posted:Kickstarter bible: disrupting Big Clergy. Top stretch goal gives you a jesus sculpture We remember the Gutenburg bible, because it was cool. But it really was a prestige project. In order for a printing press to survive as a business in the first 50 years of printing presses existing, they needed to rely in smaller, regular printing jobs. That means mass producing lovely textbooks, mass public pamphlets, and indulgences. By this point in the late 15th century, indulgences had become standardized. A single print run for an indulgence would involve printing thousands of standardized forms saying that your "sins are forgiven by archbishop __________, for helping fund the religious project to ________________" but in fancy latin. Gutenberg completed several indulgence print runs while he was working on his grand bible. The largest run of indulgences in the period was a print run for 190,000 standardized indulgence forms. These print runs would keep a press afloat for several months until they could secure another major print job. Of course, sometimes that isn't enough. Many printers when bankrupt in those early years, and there are surviving letters from printers begging the local bishop to please order some more indulgence forms from our business, or we will go bankrupt before the end of the year. As for some more recent BWM quote:I won't go into why this happened but I didn't pay taxes or file for any extension this year or last year. And I'm feeling a bit overwhelmed by the task of doing my taxes. In 2017 I had two jobs and started grad school. One of the jobs provided insurance but I relied on my parent's insurance while I worked the other job and for the gaps. I'm not sure what documents I might need to prove that I had insurance the whole time. I'm not sure how to pay taxes for grad school in general, if it depends on my funding sources, etc. I traded cryptocurrencies throughout the past two years and have no idea where to begin when it comes to paying taxes for that (I have not kept track of how much I made). At this point should I just hire a tax specialist? How much is that likely to cost me? Is there a flow chart or checklist which I could work through to at least get a start and figure out what documents and forms I have to collect? Any help at all would be greatly appreciated. golden bubble fucked around with this message at 21:04 on Jul 9, 2019 |
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Jul 9, 2019 21:02
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Shipon posted:can you really morally profit off the market movements since his election though? Yes, but also Maybe, or even No depending on your views on capitalism Shipon posted:for that matter, all the shaming of people in here who choose to invest their conscience and what they believe in instead of just pouring it into some autonomous index fund that has no relevance to any specific idea, no wonder things are so hosed 
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Jul 9, 2019 21:04
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Shipon posted:can you really morally profit off the market movements since his election though?
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Jul 9, 2019 21:05
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Shipon posted:people in here who choose to invest their conscience and what they believe in instead of just pouring it into some autonomous index fund that has no relevance to any specific idea Do you have any examples in mind? Does “I need a new car” count?
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Jul 9, 2019 21:06
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Subjunctive posted:Do you have any examples in mind? Does “I need a new car” count? i'm talking about the people who choose to invest in a specific industry they want to boost but everyone tells them to just put that money in some broad index fund. isn't that supposed to be the entire point of the market, that you can choose to put your money towards what you believe is a good idea and think will succeed?
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Jul 9, 2019 21:10
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Shipon posted:i'm talking about the people who choose to invest in a specific industry they want to boost but everyone tells them to just put that money in some broad index fund. isn't that supposed to be the entire point of the market, that you can choose to put your money towards what you believe is a good idea and think will succeed? The point of the market is to make loving money. Usually at the expense of someone else.
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Jul 9, 2019 21:11
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Shipon posted:i'm talking about the people who choose to invest in a specific industry they want to boost but everyone tells them to just put that money in some broad index fund. isn't that supposed to be the entire point of the market, that you can choose to put your money towards what you believe is a good idea and think will succeed? Largely - and I say this from years of reading stories just like all the other regulars in the thread - the people who choose to invest in a given industry aren't doing so out of morality, but out of seeking a higher profit. If somebody came to me and said, "I think solar power is important, and I've done my research and believe I can both receive a moderate return and provide a reasonably positive impact on the industry by investing in these companies/this index." I'd tell them good luck and I hope they're right because the world needs optimists. But I don't hear that. I hear, "Bro did you hear how good weed stocks are doing?"
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Jul 9, 2019 21:13
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I invest mainly in gun manufacturers, oil companies, and pharmaceuticals, myself
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Jul 9, 2019 21:15
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Simpsons Reference posted:I invest mainly in gun manufacturers, oil companies, and pharmaceuticals, myself
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Jul 9, 2019 21:15
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Volkerball posted:Spends 60k a year on food and clothes lol Instagram, funding his wifes hobby out of his net income 
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Jul 9, 2019 21:16
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Buying stocks on the secondary market doesn't actually help the company
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Jul 9, 2019 21:19
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Simpsons Reference posted:I invest mainly in gun manufacturers, oil companies, and pharmaceuticals, myself Canned food and shotguns, here.
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Jul 9, 2019 21:19
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Simpsons Reference posted:I invest mainly in gun manufacturers, oil companies, and pharmaceuticals, myself Yes but tell us about your stock portfolio, not your hobbies
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Jul 9, 2019 21:20
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Shipon posted:i'm talking about the people who choose to invest in a specific industry they want to boost but everyone tells them to just put that money in some broad index fund. isn't that supposed to be the entire point of the market, that you can choose to put your money towards what you believe is a good idea and think will succeed? You'll get different investment advice in BFC than you would in D&D or C-SPAM. BFC is generally profit motivated.
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Jul 9, 2019 21:20
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lol, we're all just trying to retire someday without eating cat food bro
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Jul 9, 2019 21:21
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Jul 9, 2019 21:24
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BMan posted:Buying stocks on the secondary market doesn't actually help the company
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Jul 9, 2019 21:27
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Hoodwinker posted:I just drive around in my Ford F-150 shooting my AR-15 wildly into the air while popping xanax. That counts, right? Same, but I also have a bottle of jack in the cupholder and a pack of cigs.
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Jul 9, 2019 21:28
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What if I consume the wealthy?
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Jul 9, 2019 21:28
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Sundae posted:What if I consume the wealthy? Choking hazard, be sure to slice it into manageable bites first
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Jul 9, 2019 21:30
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Dik Hz posted:It does by increasing their valuation. You're buying a share that someone else held and decided to sell to you, because you think it is worth more than he does. This increases the valuation of the company. But at the exact same time of the transaction, the valuation of the company was decreased by someone selling a share...
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Jul 9, 2019 21:55
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Please keep the d&d out of my BWM thanks.
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Jul 9, 2019 22:24
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Ghostnuke posted:lol, we're all just trying to retire someday without eating cat food bro Speak for yourself. I'll still eat cat food when I'm 90 so that I can manage my millions for Jesus.
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Jul 9, 2019 23:10
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Wait, is this wet cat food or dry? And yes, the distinction is important.
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Jul 10, 2019 00:03
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Shipon posted:i'm talking about the people who choose to invest in a specific industry they want to boost but everyone tells them to just put that money in some broad index fund. isn't that supposed to be the entire point of the market, that you can choose to put your money towards what you believe is a good idea and think will succeed? Most people investing on these here forums are doing so with the goal of retirment in mind. They're trying to find a relatively safe place to store money over the long haul to build a nest egg. Total market index funds are the absolute best vehicle for this. It is a bet on the US economy essentially (for US equity total market)...so if you're feeling it is immoral to invest there then it would also be immoral to work for any traded company (which might be your belief...) What you're talking about with trying to invest in new companies and industries is what people like venture capitalists do.... but those are peeps with 10s of millions to billions. For your average joe there's no amount they can invest that would be meaningful for a company or industry. And if they tried they would be creating huge risks for themselves by not diversifying. So yeah it will get a ton of pushback especially if they state their goal is something like retirement. If your goal is to gamble I'm sure people will be fine with it.
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Jul 10, 2019 00:04
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I'm so wealthy I eat cats
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Jul 10, 2019 00:08
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Wet cat food is very BWM.
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Jul 10, 2019 00:14
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Shipon posted:i'm talking about the people who choose to invest in a specific industry they want to boost but everyone tells them to just put that money in some broad index fund. isn't that supposed to be the entire point of the market, that you can choose to put your money towards what you believe is a good idea and think will succeed? On a not-Ultra-High-Net-Worth scale, the best way to boost a specific industry through investment is to invest your money in an index fund and plow some of your dividends into buying that industry's products.
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Jul 10, 2019 00:16
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| # ? Jun 1, 2024 14:14 |
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Simpsons Reference posted:I invest mainly in gun manufacturers, oil companies, and pharmaceuticals, myself The Thank You for Smoking strategy. Barry posted:Can't wait for this whole influencer thing to just go away. I’m a practitioner of what Dale Carnegie referees to as “How to Influence People Without Winning Friends.”
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Jul 10, 2019 00:42
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