For a HYSA (high yield savings account) just look up reputable online banks or banks in general that offer 4% or higher. Anything lower, in my opinion, is not worth it.

For Roth IRA, I use Fidelity, but I’ve heard people liking Vanguard too. Pick from the two and max sure you max it out every year.

My situation is a little different as I decided to live at home for a little longer to pay off student debt quicker, but my current breakdown is 37% into a HYSA (not too comfortable with stocks so I trust this more), 21% invested (includes Roth IRA and brokerage account), and 42% spending (with 95% of that spending being student loans).

It's an old saying in the software world. The reason we go through AI winters is because almost immediately after we figure out how to get an ai to do something it immediately flows out to the general public and is no longer considered AI. Consider something now considered mundane like spell check or auto fill.

It’s neoliberal copium so they can feel better about those people.

AMD if you love VWAP so much why don’t you marry it 🖕

Interesting how oil has lost its OPEC pop...Will be good for inflation easing if it stays this way.

How is it a YOLO when you have a stop loss?

> You can exercise options when the market is halted or a stock is delisted as long as the contract is not expired

>!yo BlenderdickCockletit, did you know that your post contains all the letters for the sentence "I love gummy bears"?!<

interesting. ty for the info

so in this case, what is RH's reasoning on not letting the OP do it?

Lol that’s the sorriest comeback I’ve seen, to play dumb.

Let me dumb it down for you. What makes you think you fund the bank. Why are you funding them in the first place, if they provides no benefits to you.

Beast of an account nice I love it. I'm also down over 100k currently but can't mention on what here ( market cap) Just another Monday oh well..

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I worked for Sprint. Instead of calling it an ESPP, it should have been “voluntary pay cut”

Does your state offer a deduction for 529 contributions? You might be allowed to contribute on his behalf and take a state tax deduction, then he uses it for school.

Otherwise, you can't take any tax benefit until you're married.

ah.

I like it. Great visibility. Thanks.

thanks for the tip! i forgot how the 3 month penalty rule works but it's clear to me now

I know I’m the 1000th person to say it, but YOU are the one misinterpreting the customer service representatives language.

“You’d be short shares”

I 100% read this as in “you won’t have enough shares”, not “you’d be entering into a short position”. Your interpretation of the conversation doesn’t even make sense. You cannot even short on their platform. I just do not see where you have any case at all here. Not to mention the fact that this is literally just a customer service chat.

Cashing out is not exercising. It's called selling to close.

It's fun to say "AI"

That's why I buy stonks for AI.

AI AI AI

I guess msft will buy more atvi shares. That’s it.

It's a good thing. I think he's implying that our cultural moment paints assimilation as bad to do. And I agree that this seems to be the sentiment.

Buying a put gives you the right but not obligation to those shares at a predetermined (strike) price by a predetermined time. It is essentially as it is, a contract to a determined strike of a stock for 100 shares. That's it, hes not holding 100 shares, hes just holding the right to it. The person who sold him the contract should have 100 shares to back up said contract but thats neither here nor there and a story for another time.

Since he bought puts thinking price action will go down, and it did. There is no point in "exercising" as OP said, since there is no intrinsic value, he would lose money. therefore there is no benefit in exercising the put since there is no demand for it. He stated he wanted to close/exercise, I believe he meant he wanted to close the position to collect the intrinsic value of the contract.

If he exercises it, it will create a short position on FRB, he would then have to sale the stock at above the strike price of the put to even consider a profit, essentially shorting the stock, the stock is in freefall, why would you short it at this point.

Puts are risky, and they do create profit, the issue here is OPs timing, and since he held them too long, even though theta would get him, the main point is that his position would be worthless or near worthless since his put is ITM, and the stock is probably lower than that, the intrinsic value of said contract is non existent. Whoever sold the contract if they have an obligation to buy it back (if it was on loan, margin whatever), would probably buy it back, the issue would be that FRB was acquired by JPMorgan; and being that no one is lining up to buy the stock, OP will hold it, and in time (theta) the contracts will be worthless.

But i agree with you, he should've sold it when he made profit. Don't know what his thinking was lol. This is why options shouldn't just be a ticker in an app you can swipe on or off.

People understand the basics, they don't understand the full story behind it, and fuck up like this and then complain about it.

Both definitely possible.

But only really shitty lawyers would say "you've got a slam dunk case!" based on what a client says over the phone. What is more likely is the lawyer gave a much more measured response, and OP interpreted it as "you're golden!"

I disagree with the other poster about the wisdom of a target date fund, but whatever. To your actual question:

>If I start a target date fund is it then redundant to research and choose some diverse EFTs?

A target date fund should likely already expose you to US stock, international stock, and bonds (potentially both US and global bonds). This means, with few exceptions, buying a particular/specific fund on top of that would be redundant. I.e., buying a energy-stock-specific fund on top of a target date wouldn't diversify you into more companies, it would instead concentrate your portfolio into those energy stocks, as you'd own them through both funds. If that's your goal (maybe you generally like a target date fund's mix, but want a slight tilt one way or another?) that's fine, but it likely will not add diversity.

Well put.

Worth noting that a UBI would also subsequently reduce the cost of healthcare too, taking care of yourself by eating healthy and practicing cognitive behavioral therapy is by far the most effective preventable measure one can take to stay in good physical and mental health but both of these are very cost prohibited.

Mental and physical health is so closely entangled that a deficit in one affects the other and the most basic needs have a compounding effect. Sleep, nutrition, exercise and peace of mind.

Working on your mental health is nearly impossible if you're always a couple bad weeks away from being homeless or feel ashamed because you can't provide for your children, constantly seeing them go without and knowing they're doomed to a life possibly even harder than yours.

How can you expect to sleep well knowing this?

How can you be expected to eat well when franken food is all you can afford? People greatly underestimate how eating healthy impacts their brain.

How can you be expected to exercise 30 minutes a day when you're perpetually exhausted? Your brain expends an incredible amount of energy and increased brain activity leads to a higher consumption.

All of these things, poor sleep, poor nutrition, excessive rumination, have a very, very significant effect on your cognitive abilities, our brains and minds are programmed to prefer the path most traveled, it takes a lot of effort and mental fortitude to walk through the tuft grass that helps us form the habits and learn things that lead to a better wellbeing.

A lot of people don't understand that thought patterns are also a habit, people feel insecure, dissatisfied, unfulfilled, angry, sad, hopeless and they keep feeling this way, they develop anxiety, they develop depression, they lose willpower, worsen their cognitive abilities, they make worse decision and in certain circumstances, they make a irreversible or even unforgivable decision.

A lot of people just don't have the willpower or support to help themselves, providing just one of these will allow the other one to work towards fixing itself. It's a lot easier to give people money than it is willpower.

I want to make it clear that I'm in no way downplaying or disregarding psychiatric or neurological disorders, sometimes it's a lot more nuanced than just telling people to eat right, exercise and meditate but helping the majority will have the indirect effect that allows for their specific needs to be more accessible since the current system has professional psychiatric help very much tied to supply and demand.

The effects of UBI would be so deeply profound on our country, just imagine a society where the individuals live and work not just to survive but instead live and work in ways that they find meaningful.

Anyone who thinks UBI will make people lazy is woefully ignorant, humans have an innate craving for purpose. Laziness is a moral failing, it's a symptom.

We are just over a decade into our journey and have just under 20 years left before chubby FIRE (mid 30s planning to retire with 3.5M in our mid 50s). We have the house, cars, family size, education level that we’d like to attain, so no additional goals there…

So at this point we’re just truly enjoying life together! We have built in a large travel budget annually (20-30K) and spread trips out throughout the year. Some are a week or longer, other times it’s long weekend getaways etc… it’s so fun having multiple vacations to look forward to each year and plan them out as a family. We schedule events like concerts and professional sports events throughout the year as well. We also have a few hobbies in common that take up time on the weekends. When we don’t have plans we may indulge in shopping and good dining. My husband and I spend a lot of time going on dates and have so much fun together. Between all of that, both of us working full time, managing the household and keeping up with our daughter’s school and activity schedule… it’s a very full life in my opinion. I don’t know that I would even classify it as boring! Time literally flies by.

Interesting how oil has lost its OPEC pop...Will be good for inflation easing if it stays this way.

No one can read your mail before you do.

Just wait and read it tonight.

Which functions both ways. AMD is certainly pushing buy Intel just flat out works and the price point on corporate machines is still in favor of Intel, at least where I work.

Would it be hard for anyone to come in and compete? Probably not. But I doubt Intel would just roll over.

Doesn't Intel have a wider product line than AMD? I might be mixing that part up with someone else.

So early this year many of you here (bears) told me not to buy because we will retest October lows and go below them. They told me just wait until Q1 earnings. Told me we would see a crash. Just curious what do you people (bears) have to say now? It’s really pissing me off because they (bears) said all of this wrong shit to me that never happened. Can I get a fuckin apology?

Like OP, I didn't trust the answers I was getting from my broker either. I think the first line support people you are talking to are interns who really don't know the ends and outs of the markets. If I had pressed it with the broker I could have gotten a floor trader that probably would have been able to give me a better answer

Stress attesting could have exposed the interest rate risk before it became a serious issue and allowed the bank to recalibrate their balance sheet.

Bers look at y’all chart if SPY continues this uptrend it will be at 425 in no time

An app for your academic needs? Plaito.ai is here for you! In times of questioning and someone to talk to, an AI is here for you. Study buddy? Working questions? Try to explore the wonders of this app. It's free! Try it.

Any money produced by a free market is fine as long as the government doesn't take over one currency and floods the economy with it. Can even be centralized if it's subject to market mechanism. People would naturally use a currency whose value remains steady over time, and for that reason, currency producers would be incentivized to make their product reliable.

Instead, the value of each unit of US dollar dropped by about 90% since 1970 and people are still asking their government to control it. Mind boggling. Imagine hiring a wealth manager, giving him $100K and after 50 years, he tells you that you have only $10K left. Wouldn't it be ground for absolute and immediate termination?

You know it's fine to just admit that you don't know what you're talking about.

if you guys were trading FRC you are truly some of the stupidest people on the planet. Like anyone that bought this stock at 13 dollars or whatever hoping it might recover was taking a massive gamble and if they got fucked I have no sympathy for them.

It's been halted like 20 times in the last couple months.

You're like the little engine that could - you go fella, you're gonna prove them all wrong. All you need is the money to keep paying the lawyer that told you you would win this case.

Could you do us a favour and keep track of all of your expenses related to this lawsuit so you can show us how worth it this whole thing was in 6 months time?

>By your own point… wouldn’t it take the competitor a LOOOOOOONG time to get goin? So how is it only in 2-3 years I have to be worried

yeah but was hoping you can answer this though...

You must be really stupid if you lost that much money. I'm sure you're not as rich or intelligent as me, so it's no surprise that you couldn't make a profit.

I witnessed it first hand.

Gonna buy NVDA because it returns 50% every 3 months

Feels like a reasonable amount of return for the risk

Or there is no lawyer and OP made it up.

Or OP's lawyer is also regarded; there's no shortage of regards who someone managed to pass the bar exam.

To be completely honest, yes it might go up or crash again. I’ve got plenty of gains from it and heard people tell me what you’ve said for 7 years now, yet I’ve maid a decent amount of profit off of it.

It was explained to me during the pitch, they get some type of government benefit by basically gentrifying underprivileged areas.

It’s priced in. It’s been priced in since you were born. Bulls rally until mid summer then people run out of savings

UAB in Birmingham (which oddly enough is actually the University of Alabama medical school, not UAB's) has world class care and the bigger cities have less issue finding doctors due to the low cost of living and high pay rates. Alabama is an unusual state in that something like 97% of the insured population has BCBS so it's basically guaranteed that a provider will accept it or they'd have no patients.

The disgraced former governor of Alabama is a dermatologist in Tuscaloosa and is apparently a very good dermatologist.

That means it happens lmao

I'm using the Money Market at Fidelity, I think it's 4.5 or 4.6% right now

Big brain move.

They can’t break your money if it was designed broken. taps forehead

I work at a Helicopter tour business. It was funded by mowing lawns and flipping houses before the last housing bubble popped. Aviation has suffered a lot of hardship since Covid. The charter industry has been defeated after the world realized you do not have to fly to meetings but zoom call for the same effect and save the company plenty of money. Drones have killed the aircraft photography industry. These are a few little items that the common person never realizes. So don’t down play mowing grass. It leads to multi million dollar industries.

The man is just clapping back after his country was shit on. It's alright.

Give us numbers and we can better help out.

Income (for tax savings estimate), debt amount, and interest rate.

Also, how much are you paying into it currently

You can hold puts near zero but never actually at zero. Imagine how Robinhood would have to exercise this. They have to borrow shares to sell them to whoever wrote the put. Then they have to buy them back on the open market to give to the lender of the shares. Can't do either of those things if there's a halt.

This would only be interesting if it was a protective put and they still refused to exercise.

So there was talk last week of pickleball in one of these threads.

I still haven't played, but I realize we have plenty of cemented area in our back yard to set up 1 (maybe 2) courts. Goina drop $110 this week on a cheap amazon temporary net set with net and paddles, move some gazebos around in the back yard, and give it a crack.

Any pickleballers have advice on purchases? I was going to get one of the cheap sets on Amazon. Unless I get better advice!

FRC had unrealized losses of almost 25bio on its assets (HTM and loan book). Once those assets need to be sold (like they now have been) those losses get realized. That is, JPM isn’t bidding par for those assets - its looking at the current market value as a baseline. It’s also not buying them from FRC. Its buying them from FDIC who already knows they will realize those losses when selling the assets and has taken the insolvent bank into receivership. Why is it insolvent? Because 25bio > RFC total equity. So equity is wiped out. It might be easier to think about it as total assets vs total liabilities instead of specific numbers around deposits. Other liabilities (like FHLB borrowings) would be paid back before uninsured depositors for example. So the point is: there were big losses that are now getting realized. That wipes out shareholders, preferred shareholders, and debt holders. Even after that, and 10bio from JPM, FDIC is expecting to take a 13bio hit.

At this point it’s basically a low yield savings account. OP is past the getting bent over the coals part of the plan (absolutely should not have opened it in the first place) but now that they’re over the hump it does make sense to keep paying into it. It’ll never catch up to what an alternative would have provided but at least it’s no longer a drain and should provide a respectable (but not best in class) return over the next 10-15

Admit it. You saw the % gains on calls and think it’s the top.

When they just scooped up a bunch of assets for basically a rounding error. Assets which had value had regarded people not done a bank run and investors fleeing because of said bank run.

Where JPM just got a bunch of new branches and clients.

Go ahead and get those puts and pray JPOW doesn’t pause rate hikes.

not yet. you capitulated early.

there are still lots of shorts and new shorts, which will cause it to keep going higher.

Risky call (no pun intended) overall. I've been selling CSP's on SOFI for several months now. However, this month I replaced it with Ford. Why? Sofi has a lawsuit with the government regarding student loan repayments being delayed again. They've stayed that hurt their revenue, and if they're willing to open a lawsuit then that only reaffirms their earnings may not be that great. So I played it safe...

Sounds like their earnings were fine, but probably got hurt by first republic bank failing hurting the entire sector.

It's pretty good at being a friend to lonely tech people who never go outside.

Failure is just part of the game. Winning the game is de-risking your attempts at a base level to determine if an idea is a winner, over time. Rinse and repeat. Part of this involves market research and analysis ahead of time without spending large amounts of cash or acquiring debt.

No one can take away the knowledge and experience you gained from this particular venture. You're now familiar with the pitfall of spending your own money on an unproven business. Physical products are difficult for sure, but you now have priceless experience -- albeit at great personal expense.

Life itself is also a game. You have just been tossed back to the beginning of a level... jump back in and now use your experience to hop right over those pitfalls. Don't spend money when you don't need to. Learn some basic no-code website builders or use platforms like Shopify and Etsy to start your next business. Run everything under a single company (your own marketing company) and promote different concepts and brands. Learn to use Canva. Promote using social media, including TikTok, it's free. Use your cell phone, don't even spend money on video equipment. Build an email list. Use organic content. (And though I use a specific SaaS that does this for me automatically over time -- the point is you have to leverage tools that don't cost you a ton of budget OR time. Strike a balance.)

Automate. Replicate. Dominate.

Playing the long game is the way, but you need to de-risk yourself first.

Plant seeds and water them until you get fruit to harvest. You only need one big winner to overcome all failures you've ever experienced.

Keep going and enjoy the game. Feel free to DM me.

Not sure what you want Robinhood to do. I hate them too but it’s on a halt and they can’t exercise your positions even if they wanted to

Fuck it 417 5/26

It's normal to feel what youare feeling

and it all happened after the fed was established

He held out his hands full of cash and Robinhood finally took it all

You don’t have to have IPOs for that to happen.

I guess all I would say is I would heavily caution anyone against thinking the cumulative value of the AI industry over the next decade will be a slow and steadily upward sloping line with no money flooding into and out of it. The AI industry is ripe for heavy investment which leads me to believe there will also be failures in the industry and periods of correction.

spy 420 blaze it

Capitalists mooch off the labor of others, we call this shareholder profits. It’s not sustainable.

I set up my HSA two years ago and it has been a godsend. There is genuine peace of mind knowing that I can cover my co-pay without dipping into savings, using a credit card, or scrambling to find the funds. As far as your situation goes, OP, remember that you are under no obligation to fund the HSA unless you are anticipating medical costs down the road. Otherwise it's just another account that you cannot touch until 70 years old.

Is it nap time yet?

I thought it was a reference to the J.P. Morgan's frequent involvement with the government in handling banking issues.

Legit question here because I really dont know: isn't there a rent to buy thing they could do? Let her rent until the house is fully paid and then give her the keys. It would be low risk and could give the sister a goal to work on?

What is that saying? Hmmmm....I know...

&#x200B;

Hogs get fat, pigs get slaughtered

&#x200B;

OP, many people tried to warn you to close this trade before the weekend. I hope it works out for you.

Can’t you always make millions off selling options as long as they expire OTM?

Whose going to risk selling deep ITM options when there’s a possibility of an immediate buyout. And whose going to buy those contracts? Usually it’s one week of options (at most) that get defaulted on

Thanks. I didn't dive any deeper into it than seeing "oh, it appears to be a bond fund, low returns are probably expected."

If you don’t have collateral worth that much nor a track record for handling loans that large, the only option to take it single handedly is if the owner finances it to you. The owner would be a massive idiot (or insanely generous) for doing that unless you also have a long-standing and reliable track record for managing and growing these businesses.

Your other options would be to find investors willing to bankroll you.

I'll lose about $4300 if stock goes to zero. Hoping it converts to FRCQ so I can still get some value out of them.

Unless I’m missing something here:

1. Setup your website to do 100% of what’s needed. It should be able to book the appointment, take the payment, send the receipt or invoice, answer all the FAQs, everything. One stop shop.

2. For people who ask questions through social media, have a pre-written blurb directing them to the website. The 5% that this doesn’t solve, you can answer when you have time.

3. Send calls to an auto-attendant with options for scheduling appointments (that directs them to the site), hours (directs them to recording), or maybe try an answering service or part time (cheap) intern.

4. Accept that this method will cover 90-95% of the interactions you have and will weed out a lot of customers you don’t want, and that may be a good thing, but it may also be a bad thing. What’s hugely efficient for you is not necessarily personable, hospitable, or accommodating to a lot of clients.

JPM did not buy FRC, they torn it apart, took the parts it wanted for cheap, rejected the rest and demanded FDIC assume some of the potential losses if it ends up being a bad decision. Hardly call that a purchase.

Didn’t grow up with money and I’ve always been conservative. Also I don’t make enough monthly to be able to only put 20% down on these SoCal homes. So I’m planning to put a nice chunk, although it’s not the smartest move, I enjoy the piece of mind.

If my logic is off, let me know what you think

>Recently, my company switched to a new HSA provider which led to the liquidation of some assets and a resulting loss.

As others have commented, unless you're in CA or NJ there are no losses/gains within an HSA (and that would be at the state level only, not federal).

I am curious to know whether or not your employer allowed employees to 'opt out' of the account closure and subsequent rollover to the new HSA administrator.

My employer recently switched HSA administrators, but made the rollover completely optional, which is how it really should be handled. The employer should never make this type of transaction mandatory due to the unique nature of everyone's income and tax situation.

Unless it goes well. That would be the real disaster for them.

You have to take what a client tells you with a grain of salt. He probably told the lawyer customer service guaranteed he'd be able to execute. If I was the lawyer, I would say "Well, if everything you said is accurate, you may have a case."

Many, many times (majority), when we actually get the information, it's far different than what the client says. As it seems to be the case here. Which is one of the reasons why lawyers always use qualifying language and most answers begin with "it depends."

And just like "you may have a case" is nowhere close to a guarantee, many clients will take that as "slam dunk case I'm RICH!"

Right now my FR mortgage has to be autopaid from a FR checking account, and if I don’t maintain a certain average monthly balance in that account there’s a ridiculous fee. Anyone have any clue about whether / when I’ll be able to change that now that it’s Chase? Either close the checking account and pay from elsewhere, or change the checking account type to one without a minimum balance requirement?

Exactly! Now imagine having them like made on a toaster or offering better bread. Think of making it even more fancy also having simple and also a premium product. I have no doubt you can just go to football matches and sellout everything. Even more if you do some kind of combo like buy 2 get 1 beer free.

Considering the fact he's talking about lawsuit we can safely assume he does not understand he has no legal ground to stand on. If he did, he would know his puts are worthless.

If he was convinced it's going to zero why not short it? Why options?

You could say he should have paid special attention when messing around with near bankrupt companies. We've seen people gamble on Hertz (600%) after they filed for bankruptcy without knowing what they're getting themselves into. That's what this is, gambling without understanding the rules.

Why’s it the play in simple few words.

It should say pending on the charges and it is normal. Took nearly a month one time for the pending charge to fall off my credit card once despite calling to dispute it.

Yes to all of this, and it gets worse. The wealthy have an incredible loophole called the stepped-up basis. On death, they can avoid paying all of their unrealised gains taxes. So they do this dance:

1. Open line of credit with bank guaranteed by assets (stocks).

2. Pay for all living expenses with this credit line. The balance gets larger over time.

3. On death, next of kin pay off credit line prior to assets being transferred. The assets are then transferred at current market value. Estate/inheritance tax is payable, depending on state, but this is far less than capital gains tax.

This dance allows them to effectively avoid paying all income tax their whole lives.

In my expert legal analysis, the surefire way to tell if the lawyer thinks he has a good case is whether or not the lawyer is taking it on a contingency fee. If the lawyer asked for a retainer up front, OP is going to lose. If the lawyer agreed to work on a contingency, then the lawyer thinks OP has a chance of winning.

do it

You’re right about that, I didn’t catch that it was already at 10 years. Depending on the specifics I would agree that it might make sense to keep going with it. Definitely shouldn’t have started it, but if it’s already past the break even point as far as cash-flow you might as well.

Thank you! I got caught up in the excitement of a 9.62% return and didn't take the time to learn more about it before investing. I bought it in May 6 of last year so I'll check later this week to see if it goes up to $10,820 (is that how it works...?). It's currently at $10,648 as you said.

I found it but what are we looking for? I just see the Grey and red lines/grids but not sure what to make of it

What stock is it and you think its good or not because of the best of him and need to do anything for what of the ios you have and i know if you are interested

It’s the new bull run haven’t you heard ?

It’s not, but I was just offering a job that might give her desired work experience without the headache of starting a business. Hope you have a great day!

The terms of the contract are as follows:

"Hi, thanks for contacting Robin Hood - my name is Yuri Garded. How may I help you today?"

The most important clause in this ironclad contract is:

"Mate, how you gonna get shares when it's impossible for anyone to sell them to you, dum dum?"

lmfao you're trying to make it deep when it's really not.

It's not like they changed the rules on him, this is how it always works. You can't trade options when you can't trade shares. The end.