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KeyCorp

KEYNYSE

18.32

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-0.04
(-0.22%)
Market Closed
7.40P/E
7Forward P/E
0.29P/E to S&P500
17.083BMarket CAP
4.14%Div Yield
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I’m a little worried about a bounce because the indexes are all at key support. I think some of this selling might be a large portion of retirees liquidating. I think that may mean the bounce will be short lived. Best Buy’s business has to suck right now with the supply issues and now less spending power from inflation.

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3 of those are wrong. For the last, 20 hours a week and 10 over the weekend works. Efficiency is key. Nothing worse than wasted hours.

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Serious question- which wars has the United States started? Key word: start

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>Today, a billionaire in a YT video told me...

Here's your first problem.

I say this often in this sub so if you've heard this before, I apologize but it needs the be repeated so aspiring entrepreneurs can stop sabotaging themselves following people that outliers.

Being a billionaire is not the ONLY measurement of success.

There are so many successfu, happy people that don't make headlines and live comparatively low key. They are much better measurements of success and much better people to model your own businesses after.

Unless your goal is to become a billionaire YT star that crushes the morale of everyday fledgling entrepreneurs with unrealistic expectations. In that case, just disregard all of the above.

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This is going to play a huge factor in this and I think there's where we will see the difference between 08 and now.

08 was fueled by risky loans,, HELOCs and funny refinancing. A lot of folks did upgrades to their homes to increase home value because everyone wanted a million dollar property.

Queue in marble countertops and 6x8 showers. That money left society so to speak and sat in people's homes. It was unproductive spending. Instead of those banks loaning to small businesses to produce they were loaned to homeowners to upgrade. You can only upgrade so much.

Now obviously not every loan was home improvement but this also plays into the fact the pre 2013 was not very tech driven yet. We were on the cusp of the blow up we see in the tech sector today. Pre 2010 was still very much a time of trade labor and blue collar work instead of work from home techies overpaying for all the housing in my neighborhoods.

Remember those small businesses I told you couldn't get loans because that money went to homeowners instead? There went the domino into knocking down blue collar jobs because there was no money for it.

The key point is you have to keep balance and went the scales get out of whack it's falls apart. I see startups slowing down and the tech sector drying up some. It's grown quite a bit but now that everyone knows you're gonna get six figs and live where you want the market will become saturated. Just like it did with every single mom and their CNA degree. With no new businesses to soak up these new graduates the hiring space could become quite crowded.

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April over March 1 month inflation was 0.3%. 1.003^12=3.66%. The only reason we're still seeing inflation numbers > 8% is because those numbers still include time from a year ago when inflation was bad. "was" being the key word.

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That's true, I think the key point of their comment was that competitors are making up ground.

Both domestically and internationally Tesla has been loosing market share YoY as VAG, Ford, GM, etc roll out their new platforms.

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No man, 7's the key number here. Think about it. 7-Elevens. 7 dwarves. 7, man, that's the number. 7 chipmunks twirlin' on a branch, eatin' lots of sunflowers on my uncle's ranch. You know that old children's tale from the sea. It's like you're dreamin' about Gorgonzola cheese when it's clearly Brie time, baby. Step into my office.

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I suggest getting much more specific with the target audience. Don’t worry so much about the price point, if you identify who really wants this they will pay you price, or more. A friend of mine designed and sold a $1,000 fidget spinner a number of years ago and sold 750 of them. While that’s not many sales, at that price he brought in almost a million in revenue. The key was that he knew exactly who the audience was that would pay for that high quality “toy”. Targeting is critical for a specialty item (or any product actually).

I’d suggest talking to the people who bought it already and love it to find out why they bought it and to figure out what the common thread is between them. Then target that niche tightly. Remember the targeting data may not be demographics, it may be things like people who sit on lots of boring zoom calls, lots of phone time so hands are free to fidget, jobs with lots of thinking time (idle hands), people who think better when touching something (tactile), etc. those aren’t Facebook ad categories so you’ll have to get creative in your copy writing to draw them in. Hope that helps.

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where did you learn about following trends, key trades and consolidation?

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Lesson in the market; it goes up and it goes down. It always goes down faster than it goes up, but, and here is the key, it always goes up more than it goes down. Check your time horizon and stop listening to the noise. Amazon, Apple, Google, etc. aren't going away in your lifetime. The stock market has become much more volatile due to the ease of access by uniformed investors. If it's a good company today, you understand the company and what it's potential is, it will be a good company in the future. Now is a great time to buy, everything is at a huge discount in relative terms. Panic and you are part of the problem for the many but a blessing for the wise.

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>So now that btc’s price has stabilized and stopped growing ask yourself what’s the point of it now? 

In theory if there is mass adoption of Bitcoin in the future the purchasing power will continue to grow as Bitcoin becomes increasingly scarce. If more countries decide to adopt it as legal tender, demand for Bitcoin will continue to rise.

>My aunt or grandma or neighbor isn’t ever going to learn how to create a crypto wallet and keep track of the key code safely. It’s a joke to even consider.

You're thinking short term. New technologies are adopted by young people and eventually become the norm. I don't know if mass adoption is in bitcoin's future, but it is not dependant upon your mom or auntie understanding how to use it.

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Firstly it’s a pyramid scheme. Ask your self what would Bitcoin become if every asset in the world was converted into btc. Logically this is flawed but it’s an example worthwhile to ponder because it means btc will stop appreciating and growing aka the pyramid scheme dies. So now that btc’s price has stabilized and stopped growing ask yourself what’s the point of it now? The only major point btc has right now other than cheap money transfers is dry potential growth. It doesn’t offer anyone anything useful currently unless you are one of the few niche usecases Bitcoin provides. To the vast majority btc us completely useless day to day. And the only reason it grows is because a new wave of people bought into it hoping to buy low sell high. That’s a complete pyramid scheme. This isn’t a sustainable usecase. It’s a gamble. I understand btc is one of the most secure and limited assets in the world but honestly who cares. There’s a timeless collection of age old assets that are close enough to not have to be concerned about security. I never worry about my traditional assets. The systems in place are honestly good enough. Btc is a convoluted mess to use currently and that’s a huge turn off to mass adoption. My aunt or grandma or neighbor isn’t ever going to learn how to create a crypto wallet and keep track of the key code safely. It’s a joke to even consider.

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Preaches a new cycle, and in the next breath advocates for a 100pt hike. Telling you to star low key building positions and telling JPOW to nuke the market.

Jimmy done lost all the Chill

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Na bro that’s low key creepy asf

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Remember to factor in the rent you would have paid if you had not bought vs mortgage when evaluating the profitably of a purchase. It is unlikely, but not impossible, for this to happen. Even then, if you are happy in the location you can continue to live their with the paper loss waiting for prices to rebound. Finally, interest rate movement is your friend. Rates go down: refinance and save money. Rates do up: inflation is devaluing the debt you owe vs your future earning power. The key is does the house meet your needs for you to live there long enough to for the investment to pay off. If that is taken care of limit your catastrophic risks by paying your insurance and doing maintenance as needed.

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A lot more! I don’t know. I’ve never really done anything like this before. I’ve always tried to live a low key life. I’m also introverted and kept my circle small enough to not have to deal with too much betrayal. But the few people I kept around went cold after doing what I felt called to do. I’m not even looking for power or status. I’m just trying to do the one thing I felt called to do.

I feel like I will get over it. But this has been on my mind for some time now and I don’t think ignoring it or focusing on the money or the outcome will help in this case. I just feel hurt and I’m not sure what to do with the hurt

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European Society for Clinical Microbiology and Infectious Diseases (ESCMID) Emerging Infections Task Force.-

"The virus, a relative of smallpox and chickenpox, cropped up last year in Texas and Maryland among people who had recently been to Nigeria." "the public-health backstop that may ultimately prevent a widespread monkeypox outbreak for younger people could be the immunity many carry around thanks to the already-administered chickenpox vaccine.

Or previously having had chickenpox.

“The key determinant will probably be if infection or vaccination against chickenpox provide some cross immunity against monkeypox."

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Cracks in US Economy Start to Show as Recession Warnings Mount Inflation and Fed hikes are biting consumers, housing market Economists see slowdown at best, growing risk of contraction

Chicago Fed's Evans on Rates Path, Economy, Inflation Unmute WATCH: Fed Chicago President Charles Evans discusses monetary policy, the US economy and inflation.Source: Bloomberg ByRich Miller+Follow May 20, 2022, 5:00 AM EDT Updated onMay 20, 2022, 11:56 AM EDT The late Nobel Prize-winning economist Paul Samuelson once quipped that Wall Street had predicted nine out of the last five recessions. This time, the stock market may be right.

The US economy is starting to show signs of strain under the weight of decades-high inflation and climbing interest rates -- raising the risk of a downturn.

Investors are taking note, with equities nosediving this week as earnings gloom at retailers like Walmart Inc. and Target Corp. fueled the growing fears. And the trend could spell trouble for President Joe Biden, whose Democrats must defend thin Congressional majorities in November’s midterm vote.

Turning Sour Forecasts for US growth and inflation later this year -- and beyond -- have been deteriorating rapidly

Source: Bloomberg economist surveys Note: Growth rate = 4Q year-on-year Squeezed by higher prices for gasoline and food, American households are taking on record amounts of debt to help make ends meet. Socked by higher mortgage rates, homebuilders are turning gloomier about the outlook. Small firms are also struggling with rising business costs and difficulties in hiring or retaining workers.

“I don’t think you can have a completely benign soft landing of the economy at this point,” where inflation comes down but unemployment doesn’t go up, said Ethan Harris, head of global economics research at Bank of America Corp. “We’re either going to have a weak economy or a recession.”

FOR MORE COVERAGE Mass Outflows Hit Every Asset Class as Recession Fears Climb Traders Are Betting on an 80% Chance of Gloom for the US Economy US Growth Seen Outpacing China’s for First Time Since 1976 Age of Scarcity Begins With $1.6 Trillion Hit to World Economy Wall Street economists are cutting their growth forecasts in response to a tightening of financial conditions engineered by an inflation-fighting Federal Reserve. The last six months have seen a drop in equity prices, higher interest rates, and a stronger dollar.

‘Uncomfortable’ Odds

Most economists are betting that the economy has enough momentum -- and pent-up demand for automobiles, housing and travel, thanks to savings built up in the pandemic -- to carry it through the end of this year without stumbling. It’s next year and beyond where they see the greater danger. And even then, the consensus is for a slowdown rather than a slump.

Connect the dots on the biggest economic issues. Dive into the risks driving markets, spending and saving with The Everything Risk by Ed Harrison. Email

By submitting my information, I agree to the Privacy Policy and Terms of Service and to receive offers and promotions from Bloomberg. In a May 18 note, JPMorgan Chase & Co. chief US economist Michael Feroli said he now sees growth easing from 2.4% in the second half of this year to 1% in the latter half of 2023 as the Fed’s hikes cool off demand, like they’re intended to. Goldman Sachs Group Inc. economists led by Jan Hatzius also downgraded their outlook in the past week. On Friday, Bank of America Corp. economists cut their forecasts too, predicting the economy will only be growing at a 0.4% pace at the end of next year.

But a growing number of analysts are warning that something worse could be in store.

“We put the odds that the economy will suffer a downturn beginning in the next 12 months at one in three with uncomfortable near-even odds of a recession in the next 24 months,” Moody’s Analytics chief economist Mark Zandi said in a May 16 note.

A lot depends on what happens with inflation and the Fed. If inflation stays well above the central bank’s 2% target -- it’s more than 3 times higher now -- policy makers may feel compelled to respond forcefully to bring it down, tipping the economy into recession.

The Fed raised interest rates by 50 basis points earlier this month and Chair Jerome Powell has signaled it’s on track to make similar-sized moves at its meetings in June and July.

Turning Hawkish

Source: Bloomberg The Fed chief acknowledged for the first time on May 17 that the central bank’s pivot to tighter policy might result in higher joblessness, though he argued that wouldn’t necessarily deliver a hammer blow. “You can still have quite a strong labor market if unemployment were to move up a few ticks,” Powell told a Wall Street Journal event.

Housing Frontline

Powell also admitted that the central bank’s ability to pull off what he called a “soft or softish” landing of the economy may depend on events outside its control. Russia’s invasion of Ukraine is pushing up food and energy prices and casting a pall over global growth. China’s strict Covid Zero policy is hobbling the world’s second-largest economy and further snarling supply chains.

History is not on the Fed’s side. After examining 15 Fed tightening cycles since 1950, Bloomberg Economics’ chief US economist Anna Wong concluded that “the central bank will be hard-pressed to avoid a downturn and may need to embark on a steeper rate hike cycle than markets currently expect.”

The housing market is on the front line of the Fed’s drive to slow growth by raising the cost of credit. Since the end of last year, mortgage rates have risen by more than two percentage points, the fastest run-up in roughly four decades.

“Housing leads the business cycle and housing is slowing,” said National Association of Home Builders Chairman Jerry Konter, after the industry group reported that confidence among its members slumped for a fifth straight month in May, to the lowest since early in the pandemic.

Housing Slowdown?

Source: Freddie Mac, National Association of Home Builders Doug Duncan, chief economist at Fannie Mae, said he expects the economy to fall into a modest recession in the second half of next year as Fed rate-increases bite. He sees unemployment rising to 4.4% in 2023 -- from a current rate of 3.6%, which is close to a 50-year low.

National Federation of Independent Business chief economist William Dunkelberg also sees a recession coming. A majority of small-business owners surveyed by the NFIB in April expect conditions for their firms to worsen over the next six months, the most downbeat outlook in 48 years. About one-third said inflation was their biggest headache, the most since 1980.

Inflation is top of mind for households as well -- and a key reason why consumer sentiment, as measured by the University of Michigan, has slumped to the lowest since 2011. In the latest survey of household finances by the Census Bureau, more than one-third of respondents reported difficulties in paying their bills -- close to the worst readings at the height of the pandemic in 2020.

Beset by rising prices, Americans are increasingly relying on credit to keep on buying, according to Goldman’s Hatzius -- who reckons that can’t last.

Consumer borrowing “supports spending in the short term but ultimately is not going to be a sustainable source of big increases in spending,” he told Bloomberg Television on May 17. “So it builds in a slowdown, sort of down the road.”

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Your time frame isn’t incredibly long. Personally, I would do something like a 60/40 split between VT and VGIT, respectively, and just call it a day.

As far as staying hands off, the brokerage you go with will be the key. I think Fidelity has options in place to auto deposit, as well as auto allocate the investments each month (or whatever interval you prefer). Having something like that will make it easy to accomplish what you want.

Just try to take advantage of tax deferred categories as much as you can (401k, 403b, 457b, etc).

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Yeah it’s low key sad and lame. I think today marks the day I’ve reached maximum dad level. I decided to order a pressure washer this afternoon to clean my deck and the siding on my house, and was PUMPED Amazon will have it here between 4am-8am

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Lmao. I think I read that because girlfriend's parents thought it was legit. There's no context of anything in that book. He jumps between AIDS not being a real disease but also a real disease at the same time. But only when it's caused and spread by the gay - and all of that referenced from one dude from 1990s when there's thousands of AIDs scientists in the world who's opinion apparently don't matter. Most (95-99%%) of the references are from opinion articles that circle jerk each other off. From the 1-5%, the guy cherry picks data which he then re-interprets, again, without context.

One of his scientific point on AIDS being fake news is that an electron microscope picture from early 2000 looked bad. Like dude, why you quoting a single 20 year old paper in 2022 to make a point when there's tons of new shit on it every year. Tech changes and so does quality of research. Another point is that scientists keep changing their answers on "how" AIDs work and why it disappears/goes dormant. His reasoning "like come on". What does that even mean? Old theories on mechanism (the how) gets proven wrong, new ones replace it all the time. It doesn't change the key part, such is that it happens. Five years not to mention twenty is a lifetime when it comes to something as popular as AIDs. Proposed mechanism of action changes when new data, new molecular tools comes out - none of this reasoning got mentioned.

All in all, the guy who wrote this knows little to nothing about actual science or he knows and is just writing to sell. He's a really good writer and salesmen though. He provokes your curiosity, then he leads and reinforces himself through simple thought processes to sell/guide readers. Basically, play follow the leader into the pit of r/conspiracy. He also answers obvious "questions" that you may raise after reading certain sections to give reader the impression that he's an expert and has all the answers that you can come up with.

You can check my post history on how the Gates Foundation bleeds money funding research that has no application except expanding textbooks. He uses the system well.

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“The key word in profiteering is profit.” - Martin Brah

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We should low-key start a group chat where we all FaceTime each other img only popular members only!!

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I don’t think that’s the key to a happy life but it might help depending on your expectations

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Maybe this will make folks chuckle. I do the financial/retirement planning in our house but my wife is a great partner in that journey. I give her regular updates on any large movements and that includes recent losses. I'm not loving watching our net worth drop but I do get some masochistic amusement from it, so it was with a wry smile I said things like "Ooo - we lost another $40K today" and "We just crossed $200K losses versus the start of the year". I've given reassurances along the way but I messed up and it turns out she was low-key freaking out.

So I did some back of the envelope calculations to try and make her feel better.

"Imagine a close to worst case scenario. The markets stay flat and don't go up for another decade, and we both lose our jobs, and our [completely paid off] rental property generates net $0 moving forward. Let's say we don't reduce our spending at all, and we now also have to pay for healthcare, and we don't touch our retirement accounts [which are >50% of our investment portfolio]. Even in this implausibly bad scenario we still wouldn't run out of money for 9 years."

"Only 9 years?! That's not very long."

Made me laugh. Now I didn't include inflation in my scenario but I think I better keep that to myself! :)

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Charlie Munger says the key to a happy life is lowering your expectations. I feel like you guys should hear that right about now.

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they key is to keep at it, then it's a never-ending solution

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The key to fending off sleepiness is to keep drinking

Take a break to eat the food and the tiredness hits like a truck

Better to snack on relatively healthy and light foods while or before boozing

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But how do you do that? A key part of my plan was to use they fact that the US government wants Putin dead.

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Down 35%ish and I’m still buying to average down.

Block out the noise and pace out your buys. Takes a strong stomach but this is where the serious $ is made.

Covered calls and buying on peak fear blips is key. Bought 200 shares of COIN for 41.50 last week. Looking for more of those.

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Ngl chick on the right low key babe

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Smoothie 2 kale leaves, one euro cucumber, 4 cloves of garlic, one apple (cored), carrot juice, two celery stalks, ginger chunk the size of a key fob.

Slam that then do 150 jumping jacks, 20x3 pushups, 20 squats. Go to the mirror looks yourself in the eyes and start yelling inspirational stuff as loud as you can.

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The US is in the middle of a severe housing shortage – and it's making it even harder for Americans to afford homes.

It doesn't look like conditions are improving.

According to the Census Bureau, building permits for new residential construction dropped to a five-month low in April. 

Much of that decline was in single family homes, meanwhile spring homebuyer demand helped push home prices up 15.5% year over year to a median selling price of $424,405. 

"Builders still have a backlog of uncompleted homes to get through before they can break ground on new projects," Odeta Kushi, First American deputy chief economist, told Insider, pointing out that the number of single-family homes that have been approved for construction but not started is up 8.5% since this time last year, according to Census data. 

As housing inventory continues to fall short of the 1.5 million homes now needed to meet historically high demand, President Joe Biden announced an initiative that aims to address the crisis. The White House proposes using federal dollars to boost the affordable housing supply. While the move may be a step in the right direction, experts say more will need to be done to attract workers back to the homebuilding industry and bring down prices on supplies — the two key areas causing the nation's dearth of available housing inventory.

"President Biden's plan to address housing affordability challenges is a welcome development, but the administration needs to focus more on resolving rising lumber and building material prices and supply chain bottlenecks that are raising housing costs far faster than wages," Jerry Konter, chairman of the NAHB, said in a statement. 

Building materials are hard to find — and they're also really expensive right now

In 2021, more than 90% of builders reported delays and materials shortages, according to the NAHB. As home builders struggle to find basic materials like lumber or steel, it's delaying and increasing the price of construction projects.

"Shortages of materials are now more widespread than at any time since NAHB began tracking the issue in the 1990s, with more than 90% of builders reporting shortages of appliances, framing lumber and oriented strand board," NAHB researchers wrote. 

Even when builders do get their hands on materials, the cost is burning a hole in their wallets. 

According to the Bureau of Labor Statistics, the prices of goods used in residential construction have climbed 4.9% since the start of 2022  and 19.2% since this time last year. Overall, prices have risen 35.6% since the start of the pandemic – and they're likely to continue rising. 

Although the Biden administration has moved to lower tariffs placed on imports of Canadian softwood lumber, the NAHB says price spikes have added $18,500 to the price of an average new single-family home, while driving costs up nearly $8,000 for a multifamily home. 

"Historically high price levels for lumber and other building materials are dramatically affecting home prices and rental costs and threaten the nation's economic stability," Konter said in a statement, adding that supply chain price increases have only added to the ongoing housing affordability crisis.

The lack of building materials is driving a construction  labor shortage 

The US can't build more homes if there's no one around to do the work.

During the onset of the pandemic, fear of this virus' spread contributed to the delay of many construction projects. As building came to a halt, thousands of construction workers were either let go or sought out employment in other fields. 

Supply chain bottle necks  have also "damaged the livelihoods" of workers in the construction industry, resulting in notable job losses, according to scientific research publication IOP Publishing. After all, if workers don't have materials, they can't work — and that means they have to look elsewhere for a paycheck.

Although residential building construction employment has now surpassed 2020 levels, the  industry is still facing a chronic labor shortage. According to the Associated Builders and Contractors association, the construction industry will need to attract nearly 650,000 additional workers on top of its normal pace of hiring in 2022. Additionally, the organization expects an estimated 1.2 million construction workers will leave their jobs for other industries by the end of the year.

"The workforce shortage is the most acute challenge facing the construction industry despite sluggish spending growth," Anirban Basu, ABC chief economist, said in a statement. 

The less construction workers there to build homes, the longer it will take for the sector to increase its supply of housing inventory. Although buyer demand has shown signs of cooling, the slower pace of construction is likely to keep home prices relatively high – and that could mean the imbalance of supply and demand will remain a  fixture of the US housing market. 

"A skilled and capable workforce that is adequate to meet our nation's housing demand is vital to home builders," NAHB researchers wrote. "Despite competitive pay, the home building industry continues to experience labor shortages, which impacts housing affordability."

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I struggled, too, and I think the key is to really track expenses for a few months to see the general range of what you spend money on, and then work from there. I use B of A as my bank and it tracks area spending of spending really well, making it easier.

We have some wiggle room with our budget so instead of getting super strict about certain things (because, life! With kids! Always surprises!) I decided to start by just setting a specific budget for the areas where I really felt I needed to manage spending. For us that was groceries/eating out/ ordering in. Cut out a ton of unnecessary spending and able to save so much more just by tracking those things.

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We grew up similar. We both spent part of our childhood on the free / reduced school lunch program. The 70's sucked.

But we also grew up different. After my parents divorced and finished Grad School, they both got good jobs and I had trouble adjusting to them having some (not a lot) of money.

Wifey took out student loans to help with school (along with considerable work study and pell grants...they were much more a thing back then)

Listen to some Dave Ramsey and about the Envelope System. See if that fits what you need, and talk through it with her. If you're putting $20 a month into the "fluffy-care" fund, you can only take fluffy to the vet once you have enough to pay for it.

Starbucks would be "entertainment" or "fun money" or "mad money" or something like that. If she spends all her fun money, she can't go to starbucks anymore until there's money in that envelope.

Really the key is to set realistic budgets, and to let her spend her "personal budget" line item how she wants. You don't get to tell her how to spend it. You get to negotiate to the budget line items and amounts.

We actually never budgeted. My form of budgeting is if the checking account got too low, I'd talk to her a little. We also have always in 35+ years paid off our New Balance in full, on time, every month. And we save.

If you're saving and not accruing debt, I'm not sure I'd worry about a strict budget.

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The key here is to wait for Powell to speak. Then you'll do great.

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Question of IF not WHEN. Reason long-term investment is key.

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I agree. I think patience is key right now

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you just gotta get a taste of a big one and you'll never not play them. key it to do it at the right times.

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Disclaimer: Sort of a rambling post, just wanted to vent and I suspect a number of people here can relate to this.

I know the common advice is to retire to something and not away from something, and I've always sort of been emotionally planning for the latter - retirement appeals to me primarily as a way to never again have to tolerate moments of work stress or anxiety. I don't particularly have anything in my personal life that I think "I wish I had the time to do this more often", I've always had a good deal of free time. So my philosophy towards retirement fluctuates regularly - in moments of relaxation I often feel somewhat bored, and by the end of the weekend I feel like working isn't so bad after all. Then I go to work and as soon as anything stressful happens I want to retire again, and ASAP. It's frustrating feeling like I can't trust my own desires.

I don't like to travel and my hobbies are pretty low key. I have some ideas for hobbies that could fill a lot of time, but none of them am I so passionate about that I'm doing them with my free time today. I tell myself it's only because I'm too emotionally drained from work but I think that's just an excuse. Rationally when I think about my dilemma I feel like CoastFIRE is probably a better fit for me, and that's probably the advice I'd give someone else - I could find easier work in my field that keeps me busy while hopefully not triggering the same feeling of stress, and then maybe I won't want full early retirement. But if I did want to retire ASAP then my current high-paying job is the way to do it and I'm very close, so I'm really struggling to give that up. If I just knew with 100% certainty that I want to work for a few more years or longer, I would probably quit my job and take an open-ended hiatus until I feel my burnout is resolved, then look for something that's less demanding and work remotely. But it's really hard to say with confidence that I actually want to work when I'm in the middle of these feelings of burnout.

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Maybe they were just being defensive bc you low key said you’re trying to escape working the loser job that. He holds , lol

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Thanks, I'm working the 5th stage of grief.

if you're in to solutions and the new fraimwork, I recommend this Book: The Price of Tomorrow: Why Deflation is the Key to an Abundant Future.

It's the solution how we avoid the unwinding of all the debt that was spent destroying the planet.

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Not trying to throw $200k at one position. I'd never do more than 10% on one position. This guy is arguing length of time in positions is the key and I totally agree.

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"See, the key to success is to make money, and to avoid not making money."

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For most people I feel don't spend their money wisely, eating out seems to be a key expense they can reduce. Except for fast food, it's so expensive to eat out... Plus I can cook that (or get something like it at the grocery)!

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She'll come out on. Lawmakers always come out on top with tech investment because lobbyists always give them insider information in exchange for favorable laws.

If you're a lobbyist at the house of representatives you hear all sorts of shit but the general public doesn't hear about them since we generally don't talk to the press because it fucks up our relationships with lawmakers.

I'll give this one story though.

I'm Facebook's lobbyist and I need to lobby politicians FAST because of upcomming anti-Facebook legislation but we only manage to sway a handful of lawmakers because most of their constituents hate Facebook.

After reporting my failures to Mark Zuckeburg he decided to come to DC to talk to politicians directly. But the only ones willing to meet with us are Marjorie Taylor Greene and Lauren Boebert. At the meeting Mark makes a passionate pitch, but when when we turn to MTG and LB, they look bored and deeply unimpressed. But then they eye each other, smile, and nod.

"Oh, we can get the republicans to help" said one.

"But we need some 'help' from you first", said the other.

And they pass a note to Mark. I don't know how to describe the look that he gave when he was reading it, but for a second I panicked because I legitimacy thought he was going to throw up. He then told me I could leave now.

I was surprised, but I knew better to ask questions, so I left.

Halfway to my car I realize I was still holding Mark's very important notebook so I go back to return it and when I go into the meeting room, I see mark getting double cowgirled by them! They were high fiving and Mark noticed me and managed to push boebert's buttcheeks off his face to scream 'IT'S THE ONLY WAY' before she forcibly removed his hands, repositioning her butt back on his face with a loud fleshy slam with enough force to make me wince, followed by a fart which I could only assume was further punishment from Lauren.

I got in my car. And drove. All the way back to Silicon Valley. I quit federal lobbying for good. I sent Mark my resignation. His only reply was a single word 'received'. I hoped to avoid seeing Mark because it was just too awkward for me. And I think he felt the same because he made no request to see me.

I got a job as a state lobbyist for Cisco. I was in a much better place mentally and emotionally. State politics isn't as crazy as federal, and the capitol at Sacramento was only a 3 hour drive from my clients compared to the half a day travel going to DC.

But as someone who works in the tech lobbying world, it was only a matter of time before I run into him again, and that time came at the annual silicon valley big tech lobbying social. It's an opulent secret party in an isolated mansion in the Santa Cruz hills, where the top tech companies execs, politicians, and lobbyists meet to establish their secrets channels of favors.

I noticed Mark and he seem to avoid me at first but them he came up to me with a nervous smile. "I heard you saw my stunt double getting Eiffel towered by MTG and LB. I have a stunt double in DC btw". And then he looked at me nervously, as if he was unsure if I would believe him. Did Mark think anyone would actually believe this?

But I humored him 'Oh yes. He looks exactly like you. I thought he was you tbh". A big wave of relief spread through Mark's face and body.

We then caught up, and our conversation ended with a job offer to lobby for Facebook once again, at the state level, with a considerable pay increase from my current job.

Around midnight the party was ending and people were starting to trickle out of the party, giddy at the new channels they established. 10 minutes into my drive I realize I left my coat. I go back to get it. By then the mansion was empty but all attendees are given a key card that lasts for 24 hours. I go to the coat room and open the door to find Mark getting double cowgirled by then senator Kamala Harris and Nancy Pelosi. Mark yells 'I'M THE STUNT DOUB' but I slammed the door before he could finish his sentence.

I forfeited my coat, got in my car, and drove, non-stop, all the way to my hometown of Boulder Colorado. I arrive at my parents house, who were surprised to see me as I didn't tell them I was coming. I went directly to my old room, and slept, for 14 hours straight. When I woke up, I re-evaluated my life. I now work at a non-profit cancer research organization, and I am now at true peace, both emotionally and mentally.

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Funding is the key part in that phrase. They just want more of our money as taxes cause they’re bored with the massive amount we’re giving them. They won’t do anything for the climate if we give them more taxes. If people actually had to go pay their taxes, we would’ve have overthrown the governments by now.

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Absolutely cut your losses if you feel uncomfortable with it or think there is no hope. I bought ford back in the day, along with chrysler and have lost every time. Tesla may or may not see it, Cisco i believe will recover, may take 6 months or hell ever longer. Key is do you feel comfortable holding it, you can study all the financials you want, if your gut doesnt feel it, dont do it.

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It is not end of the world. Patience is the key

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honestly low key hard not to be bored when you are a billionaire and can and have done everything else, I'd guess.

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Key is to 1) buy less house, 2) 20% down minimum, 3) 1-2 years PITI saved up as buffer. Too many people rush to buy a house thinking if they don’t do it right away they can never afford a house - wrong, there will always be an opportunity but you need patience and two people who are of the same mindset. Number 1 argument w married couples revolves around money, then kids, then bickering amongst the two people in the relationship.

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22 years ago next week i bought apple stock for a whopping $1 a share bought 100 shares, i missed that 2:1 split in 2000, but got a 2:1, 4:1, and a 7:1, have a drip on it. So at current price of $137, which ive never sold 1 share of it! Apple has done very well for me. Reason im saying this, its for the young people out there, think LONG term! someday youll be old like me 56 in july. and you will thank your younger self for it. This market ive seen before, rode it out, will ride this one out. Key is dont panic, unless your like 65 and retiring tomorrow in which case your screwed anyways. should have moved your positions earlier. If you like a stock, feel solid with it willing to hold for decades, let it ride!

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Before you hire, if you identify key things that you're looking for, that will guide you in not only interviewing candidates but also talking to their references. I ask questions that help me understand if this candidate will have/demonstrate what I'm specifically looking for. And at the end of the call, I often ask if there's anything I haven't asked about that they think I should know - interesting answers come up to that one.

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You’re missing a couple of key points.

Buffett is a value investor. Not a trader. He researches companies, and only invests in those he understands and believes in long term. He buy’s them and hold’s them. He’s been doing that for nearly 80 years. I think he’s seen a few bear market’s before. The last time he panic sold out as when he was 9.

Next point. Because he’s a value investor, he would have bought APPL at a very cheap price. Even though APPL may be down 15%, he is probably still up on his original investment. If APPL continues to drop, he’ll probably get to a point where he believes it’s at a reasonable price, and he’ll buy more.

Not saying you’re wrong and he’s smarter than you, but I do kinda think the world’s richest investor knows what he’s doing by now.

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Not only it is bouncing from a KEY fibonacci level, but also double bottomed to flush out the weak hands and STOP LOSSES, but it's also oversold on the WEEKLY RSI. Be ready boys, next half of the year is gonna be green as fuck.

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It's definitely risky. I love the company but you're right, Elon is a big key man risk to the stock. I guess I should look into spreading my risk while I'm still in the profits

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Westerners have done the same thing with killing elephants and ruminants only to find that they're actually key to grassland ecosystems not dessertifying. I still see tons of people and officials who believe this and don't understand the basic soil cycle.

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I simply believe that we are going to continue on down, and believe I can get back in even a few percentage points lower. I’m not trying to surgically execute something.

If you really feel that right now, week ending 5/20, with several major economic and global issues still fundamentally unresolved, that we are at the bottom - then obviously you’d disagree with my action.

I am retired BTW. It makes a difference. Preservation is key during a prolonged downturn.

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I think you should do as much due diligence as you need to feel comfortable making the investment. If the seller is honest they should have no problem turning over the info you need to feel comfortable.

The one area where you may get pushback is if you want to talk to staff. Many times an owner will be trying to sell and hasn't told his staff for fear of freaking them out. However, I like talking to staff because I get a clearer picture of the health of the operation. Even if it's just a few key people.

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Why is an intern tasked with strategy lmao?

This isn’t even something most FTE do. It’s like… outsourced consultation work most of the time.

Reverse engineer the goal and scrum it.

Research: create a list of competitors. Dig through through their reviews for identifiers, pain points, things they love, questions, etc..

Do the same for social media channels.

Take the questions, add Reddit to the end, and search them on google. Read the posts and comments.

Put everything into an excel sheet, then look up thematic analysis. Organize all of the data highlight important patterns and themes. Go back and do it again after at least 24 hours to avoid confirmation bias/burn out.

Grab customer service emails and look for FAQs. Not what your company wants people to ask—what people actually want to know.

You can also search through the comments in your brand’s ads on LinkedIn, Facebook, etc… take notes on personal info and roles.

Do some google searches to understand their roles.

Go back and message them for interviews. Just be humble and hungry for knowledge and most of them will be glad to help.

Make sure to ask about procurement processes, what issues cause them to search for your services, how they make the decision, which roles are involved, etc…

Then you will have enormous repository for messaging, copy, and all the audience identifiers you need to start planning.

Take the procurement process and reverse engineer it to identify key triggers that catalyze the need for your services.

Then create a plan for hitting them with a first touch point. The copy will basically be complete—just use your audience’s own words.

Then do the same for the rest of the buying process.

Create copy and content for bottle necks and demonstrate not only the problems that can happen, but dig deeper with the implications of fixing/not fixing the issue.

Give them help with the procurement process by creating content that can help them with their decisions.

ie. A pitch deck they can use to sell stakeholders on a solution.

Finally, go back to the people you reached out to on social media and ask their opinion on what you’re working on.

They can give you invaluable information on that follow up that could make or break your campaign strategy.

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It is. P&G was down 10% this week and both PG and JNJ have a higher fwd PE than AMD. Just nuts. NVDA earnings will be key. Can change a lot...both ways

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Timing is key img

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low key made thousands today cuz Elon cant keep shit in his pants

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The key is not to get greedy but buy into the sustained recovery. You’ll miss like 10% of what you might have made if you timed it perfectly but whatever. I expect at least as bad a drop as 2007-2009 and that was 50% off it’s high. And the actual recovery was slow as shit, not a rocket. Those were just false bottoms.

Wait it out.

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Nothing is confirmed at this point. It's someone making an allegation. I 100% don't condone any type of behavior like that, but let's see what evidence comes out.

...but if I was wearing my conspiracy theory hat for fun (which I dont normally do), the timing seems a little bizarre given that:

  1. This administration has been very obviously against Tesla/Elon the way it shunned Tesla publicly and tried to promote Mary Barra and GM as the leader in the EV space....clearly not even remotely true and kind of embarrassing to watch our president refuse for weeks to even mention Tesla by name.

  2. Anti-Tesla, Missy Cummings, was appointed to a key advisory role at the NHTS and is against tesla's autopilot technology. This is a big area of future growth for Tesla.

  3. Elon decides wants to buy Twitter and open it up and said Trump should be allowed on the platform. He also said he switched form Democrat to Republican.

  4. Elon's acquisition of Twitter relies on the value Tesla shares for his ability to raise enough capital ( I believe...correct me if I am wrong)

  5. S&P ESG dropped Tesla citing one of the reasons as “lack of a low-carbon strategy” which is essentially what the entirety of Tesla is about.

​

This might sound crazy, but it seems like this administration has been very anti-Tesla and probably was freaking out about Twitter allowing Trump back on the platform and being controlled by Musk, so given the acquisition was linked to Musk's Tesla share value, if Tesla stock tanks, then Musk can't buy Twitter and it keeps remaining censored.

Before my inbox blows up with unsolicited hatred. I will say I own a Tesla and I love their vehicles and I and a few shares that I am holding, but nothing substantial. I think Musk is a bit of a loose canon and is both an asset and a risk for Tesla even though he's a product visionary, I sometimes wish he would lay off twitter as often times it hurts more than it helps.

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Ok - you may be further down the road than is necessary for me to jump in at this point. Here are a couple things you can do quickly, that can generate affordable leads:

  1. Google Business Listing, this puts you on the map (so to speak) the key is, once you create the listing for your business, it's going to look very stark...empty - like who would call this guy, he just started?
    Add 2 things to this that will make it sing…
    a) Reviews from people who know what kind of job you can do, and
    b) a quick video that you make on your phone, upload to YouTube and then insert into the listing. A “Before and After” vid - you do not need to hire someone to do this (sure - later, no disrespect to those in the filming biz) but at this stage, when cost is critical, do it yourself, use a tool like CapCut (I’m not affiliated) (or similar in the app store) to splice a few clips together - put the clips to music, show what a difference you’ve made (which is REALLY obvious when it comes to pressure washing! There’s the dirt on the pathway, then there’s the super-clean streak right next to it) upload the vid to Youtube, post to the G-business listing and there you go. If you are proficient in using an editor (Premiere Pro/Final Cut Pro) then sure, do it that way...but even for those of use who make videos every day, this is a huge time drain, avoid if possible.
    -- Just an example, I've done this part a few times...just by reaching out to LinkedIn contacts, asking for a review for those who already can attest to the skillset in question, and that effort over 2 weeks yielded 8 reviews, that vaulted my own listing from nowhere, to the top of Google Maps in my area, for my service within a week or two. Depending on the specific search a consumer does, you may see something similar.
  2. Get an Ad campaign together - I’m talking Google Adwords - find the specific searches people do, that suggests they want someone to do the work for them (not buying their own equipment - there’s a few tactics to getting this right, but the customers are there.
  3. Get on NextDoor - if you can just get with one customer that loved what you did for them, and have them post that on Next Door, then you can be found by those over the next year or two that want to hire someone to do the same. Why is this so good? Because people want that reference from someone else in the neighborhood, and this is currently one of the truest ways to be positioned as a personal referral - it’s just one notch down from the neighbor walking over and saying, “Why don’t you give my guy/gal a try, look what they did for me!”
    Quick story, when we first moved from the midwest down to Florida, we bought at a time when the former owners had kinda stopped with the upkeep (as they focused on the new home they had built) at the same time as the HOT and HUMID season kicked in. Our realtor loaned us a gas-powered power washer and over the next couple months, once a week or so, I would get out there and go after it for 3-4 hours. The driveway, the walkway, the awning over the outdoor kitchen, the pool patio, the screens around the pool, the white posts that hold those screens, the patio outside of the pool, the next patio and stairs below that…and on and on…it was never ending. I’d be out there power washing until my hands were numb and my legs were dark with mud and shoes were ruined. It was hot, brutal and occasionally snakes were involved. I had better sh*t to do.
    Then 6 months later, despite my progress, it needs to be done again…..and a neighbor says, “you know you can hire someone to do that….” - and I’m off Googling. The crew shows up with a truck, long hoses, chemicals….and they (without breaking a sweat) did all of the above that took me weeks + cleaned out the gutters, in about 4 hours. I couldn’t f’in believe it. It was affordable enough that I kept hiring them for the next few years until we moved. All that to say two things really. One, getting the right chems and equipment make all the difference. Two, once people see what an amazing job can be done, fast and affordably (despite the bleach smell and the occasional miss - where the fish in the pond got bleached) — they never want to go back to doing it themselves again. The lifetime value of a customer, in that area, for that service, has gotta be somewhere in the $3-4-5-6,000 range. Which means - you can afford to finance the right equipment. Which also means your cost-per-click can be much higher than you might guess. When you’re spending $5/click and getting leads/calls at $50-100 each and thinking of turning it off, you’re actually still getting customers at something close to 100/.2 = $250-500/each and way ahead, even in year one….
    And then finally, I’ll say this. Now that I have been on this post, giving it away for free…the IRONY when I read your question was killing me! 😆 You’re asking about how to get business for (and whether or not it’s realistic) to start a pressure/power washing business. I LITERALLY used that as my case study when I built a course where I wanted to show small business owners [that kept going out of business in year one], how they could generate leads for themselves and get through that crunch, that happens before referrals start to kick in (typically year 2 or 3).

Power/pressure washing was the business that I chose as an example.👀

I created a fictitious pressure/power washing company in Florida. I spent a week filming myself going through all of the steps of launching a lead generation campaign, [bought real traffic, created a real logo and landing pages, forms, buttons, did all the techy back-end stuff, simplified it, broke it out into the concise elements for people who DON’T have a design or tech background] edited it (ugh - that part took weeks!) and put it up at my site - this course is pretty much made for your situation (and anyone else who’s in that space, reading this now).

You can find that here: “The 1 Day Course” (https://www.simplifylaunch.com/link-in-bio). Ban me if you must, but I promise you this, no one else has 38 lessons of specific, walk-through, onscreen answers for you. I hope that helps! 😇

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My cousin just negotiated a bunch of repairs on the house he's about to buy and also got them to come down on the price by 15k. The place was pretty much turn key. That's a big change from last month th where people were offering 50k over asking price. The pain is coming I'll hold

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Yeah the key I'm thinking is a financially sound company that actually profits and is not in a crazy debt. Like true DD would reveal the debt then that's a totally different story

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This is why I wish reddit has a LOLZ button. :)

Branding is far more important than you think and it should be a consideration early in your business as you will be in a major growth and recognition mode. Having proper branding that stands out is a key component. I get the part about needing to make money and all, and that's true. But it's kinda dumb to wait with branding until you're already being established, but having nothing to continue to build your identity on.

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Tos (TD) has really good charts. To chart options gets messy for charting, you have to copy the opid and put it in a Chart. However you could chart a spread like a strangle opid1+Opid2 or vert opid1-opid2. If you chart a single they also put up the TheoPrice as a separate line (not sure this is useful).

All that said that just shows how great or bad you could have done. I basically go into trades based off delta on the option chains, with things theoprice I really think they do a good job. If you think options are not fair traded maybe charting is a good thing

If you are not into anal. and do not need fancy charts then Tasty lets you put on trades a lot easier. On Tos you have to hold the ctrl key to create a spread.

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Allegation is they key word

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The key is that being fully remote gives you some unofficial vacation days/half days, if you know what I mean. Plus making an extra 110k per year can buy you a few years off of FI most likely.

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Musk has insisted that he isn't interested in the economics of twitter and has suggested that he wants to recalibrate the platform so that it's more democratic and has fewer bots. This means that he was aware of the bot problem and also aware of the financial problems the company was having.

The reason he is backing out is because he's using Tesla stock as collateral for his debt financing to bridge the gap between the cash he or his investors have in hand, and the price of the agreed offer.

As Tesla's stock slides, he'll need to put more collateral up, which makes the acquisition costs go up immensely. This is compounded by the fact that twitter is basically a losing business and many of the key engineers are leaving the company in protest of Musk his plans for the company.

Basically, Musk is an immature man who clearly has multiple complexes. I'm not sure what motivates him to see everything as a "big dick contest", but here we are.

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Issue is that if you try to reverse yourself you're actually doing what you intended to do so you end up not reversing yourself at all or at best reversing your reversal. So the key here is to not know what you did. Before making a purchase on your phone, close your eyes, spin the phone, randomly press either buy or sell, spin phone again, turn off phone, open eyes. This way you have no idea if you bought or sold. Schrodinger's position.

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I disagree. Politics are the core of policy creation. You want to change policy? Change politics. Start by actually electing people to the ballot. In my admittedly red area of a key swing state, we literally have zero Dem candidates running for state House and Senate. That’s right, the only option here is to vote for Republicans or withhold your vote. Why is that? Why don’t people get involved in local Dem elections here? Is it because they’re scared? Is it because they don’t have a chance? Or maybe it’s because the local party infrastructure SUCKS. The Dem Committee in my town has 20 seats, and TWO OF THEM are currently filled. No wonder Dems don’t turn out to vote in my town. No one ever shows up at their door encouraging them.

I can’t change this single handedly, but a couple weeks before this past Tuesday’s primary, I decided to run a write in campaign for the committee. At least I’m young and know things about technology. At least I can talk to potential Dem voters in my neighborhood.

I realize there are tons of people on Reddit who think politics is a big dog and pony show, but I don’t think they realize how bad it’s gotten, or what is truly at stake as Republicans take strong local footholds and win state elections across the country. Maybe this shit doesn’t affect you, but I’m looking to lose my reproductive rights if the GOP candidate wins the Governors race in my state. This is not boring, it’s not banal. It’s scary.

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Successful entrepreneurs understand People, Business, and Technology.

Team building is a must (if you're thinking Unicorn), selling is a must (investors and key employees or founding members need to be engaged and convinced).

You don't have to be a financial wizard but need to walk your way around an income statement and a balance sheet. You're going have people with more specialized knowledge on your team and you'll want to be able to effectively communicate.

An entrepreneur is the keeper of the vision, filler of gaps, removers of obstacles and energy that keeps moving babyStartup to the validation milestone.

So the more skills and experience that you pick up, the easier you'll be able to spot opportunities that make business sense, the better you'll get at finding, motivating, and retaining quality people to grow the business.

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Looking at the https://thepoorswiss.com/updated-trinity-study/ and that guy's calculator https://thepoorswiss.com/fire-calculator/ it would suggest that 70/30 or 60/40 is the only way to go. Anything with stocks higher than 70 or lower than 60, bonds lower than 30 or higher than 40, you run a higher risk of running out of money. The key is not necessarily your total success rate, it's whether there's a failure rate way short of your retirement. If you plan on retiring in your 50s, you want to plan for at least 40 years of having money. If there's even a small chance of running out in 12 years, even if it's very small, that's a no-go for me. If the worst case of a portfolio is running out after 38 years, I'm OK with that.

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Good job. Only things you missed were having him apply for SS Disability. I get just over $1500 a month. I won't be going to the Riviera on that, but it keeps a roof over my head.

On medicaid? We need to know what the father has in assets including investments, 401K/Roth IRA, life insurance, even burial plots. I've been on Medicaid for ~ 3 years. If I owned a house, I'd be allowed that. If I owned a car, I'd be allowed 1 car. Would not be allowed a boat (unless it was a house boat I lived on/in)

Mind you, I live in Indiana, so laws may differ state to state. Here Whole Life Insurance isn't allowed, but term is. Because of my age (over 60) I am allowed up to $3K in liquid assets.

Still, disability is the key item. Some states will pay the spouse as a full time care giver. Op may want to look into that.

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Not all are, but mine is.

The cash and safe deposit box key isn't in the safe deposit box, it's in a fire-proof safe in a safe location. The point of the cash is to get through a 3-day weekend until the bank opens.

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Is there any consumer protection in this situation?

My girlfriend had her car brought in for a repair a month ago for a part in her steering wheel. Basically her key wouldn’t turn and they had to order this part from Mexico (30 miles away from us) and they’ve had her car for over a month. Every time she asks for a status update they don’t reply or they give her a date timeline that they inevitably end up missing. Is there any way someone can suggest escalating this? It’s super frustrating but it’s her thing and not mine.

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If you're not able to work, or do any kind of side work for money and have no assets currently, there isn't much you can realistically do to have the kind of comfortable financial independence (from working or state support) that most of us are aiming at here.

If earning money is right out, the only thing you can do is make sure you're getting all the benefits you qualify for, and doing your best to save a little of what cash benefit you recieve so that you build up a cushion. Save what you can, and once it's over a few thousand, probably start investing some of it. Once you have a nice cushion, you can afford to take advantage of certain economies of scale and quality (buying more when stuff is on sale, buying nicer things that will last longer, etc.).

If you really want to go crazy, you can try to live super minimalist and save a big percentage of your cash benefit. But realistically for most of the people i know in your situation, it's hard enough to live on what you get while saving 5-10%. And if you do save a lot, you may run afoul of asset tests and lose some of your benefits.

This doesn't apply to you, and I don't know many details of the social insurance system in the UK, but in the US, if you are totally disabled, after 2 years you would be on medicare. If your income is low enough and you have few assets, you would also get medicaid, which would take care of all your copays and deductibles for health (which can otherwise be a huge portion of a low income for someone with medical issues). But if you have more than $2000 in countable personal assets (bank accounts, investments, etc.) you lose medicaid. So saving enough money to have 5-10k in the bank would be counterproductive, you'd just have to spend it all on health costs until you were back down to 2k (roughly, the details of how that works are more complicated).

There are all kinds of other benefits that have higher asset test in the 10-20k range, where you'd lose the benefit if you saved enough money to have 25k around.

I don't know the details of your benefits, but it's plausible that one of more of them might be at risk if you saved a lot more money than is expected for someone in your situation, so it would end up being a lot of sacrifice potentially for nothing.

The main key in your situation, is setting up your life so that you are able to live it with the resources you have.

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An advice could be to have a niche and a strong value proposition. In the future, you can expand that niche if you want to. In fact, the market will sometimes expand it for you bcos people beyond the niche will find a value that serves them. Business owners these days have more work to do than those to built Facebook and YouTube many years ago. They have to be more intentional. Secondly, you need to have a strong pre-launch strategy that markets the platform and your business long before it is done. Use those who are interested as your beta testers. Word of mouth is powerful, if it’s good, your beta testers will sell the platform for you too. Then a more common way would be influencer marketing. Also, people are looking for ways to become the new influencers in town bcos they want to be popular. Find a way to key into that emotion and your platform will sell.

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Apple low-key holding up.

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I am kind of with you. Still, no matter what era, when people suffer, it still sucks. That said, I feel like there is a lot of rewriting of history by many people of how great X, Y, or Z era was.

TBH, I never really went without, but I sure didn't feel rich in our one-bedroom apartment as a latch key kid with my mom leaving before I went to school and getting home when it was dark.

Maybe I felt like we had enough because my mom was orphaned at a young age, because... you know... when people got sick in those days, you often just died. And if you happened to live in a rural area, guess what? No ambulance. You just died. If you didn't have the money, an ER wasn't even obligated to take you (that didn't happen until 1986).

My grandmother who I never met died from breast cancer at an early age because they didn't have things like regular checkups and screening. They might have been lucky if the closest town had a doctor. She met my grandfather because she was sent away from her family as a teen girl to work off her appendicitis surgery.

These kinds of stories are far more common than the Brady Bunch or Leave it to Beaver sitcom lives people seem to think happened. People here are mad their IRA is down.

I know uber doesn't pay great. I know phones are expensive. I know it is hard to find a job in your field with an art degree. I sympathize with all of this, but I also think we need to speak some truth about the realities of just how shitty it could be, particularly for certain populations. During my lifetime, my mom could not apply for a loan without her husband. That is supposed to be awesome?

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i mean market rn is really bearish with everything that is happening around the world all i think is that spy under $400 is bearish. at this point if i were you i would focus on 3 key day trades per week. study the market and make sure the move is certain study indicators and don’t just fomo

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Citadel LLC should be given the key to the city

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Hey, I responded to another redditor thinking it was you... I got mixed up in the thread.

My reply is relevant to your situation.

......

>Capital losses.... the $3k you speak of is the maximum that an individual may deduct against ordinary income per year. The remainder is carried forward, and yes, it is the taxpayer's responsibility to track it. ...how does the government know you're not making it up? They will know from your Schedule D in the year that you have the losses that you had carryforward, and they will know if you generate a carryforward out of thin air because there will have been nothing to establish it. Do they track it? I don't know for sure, but I do know that if you do not track it (i.e. you stop claiming it) they will simply assume it was applied against something not reported on your retunr. Also, if they were to ever question your carryforward, you should have records that you can produce (specifically the records you used to claim the losses) to establish your position on your return as accurate.

>...back to the $3k. That '$3k' is a net - meaning that the losses will count against current year gains, as well. Those losses are first applied to like-kind gains - so short term against short term and long term against long term, and then, if any loss is remaining, it will be applied to the other character of capital gains. Any unused losses are carried forward as long-term regardless as to their character. That means that in future years, those carryforward losses are first applied towards long-term capital gains and then to short term before they are counted against ordinary income.

>This is important because long-term capital gains are taxed favorably and short term capital gains are taxed at ordinary income tax rates. As such, it's possible to take advantage of losses to offset short term gains that you wouldn't want to pay a higher tax rate on. It's also important to know this because if you have long-term gains - which, again, are taxed at much more favorable rates than ordinary income - you may not necessarily want to use short-term losses to offset them (instead saving those losses to offset other short term gains).

>So - while you mention carrying the unused capital losses forward for 99 years (fun side note, those losses vaporize when you die, they do not get passed to your estate), the reality is that they will offset future gains first - and then whatever is left will count against ordinary income up to $3k ($1.5k if you are using the married filing separately filing status).

>There's more applications, too, that can be utilized. So if you've got an investment property, like a rental house, you'd be able to use those gains to offset income realized from the sale of that property. ....but not just the profit you make from selling it - in that case the property is section 1250 property and there will be depreciation recapture but because it is section 1250, which is under section 1231, depreciation recapture is a thing - BUT - section 1250 is only subject to unrecaptured section 1250 depreciation so it is not considered ordinary income (unless you took more depreciation against the property than what would be straight line under MACRS - then there'd be some regular recapture, but I digress), instead it is considered to be a captial gain (neither long term, nor short term, instead it is unrecaptured section 1250 income - which is similar to long-term gains).

>Regardless, as you plan to realize your losses, bear in mind not just what you're going to be doing in the current tax year, but what you'll be doing in future years as well, as the carryforward will be utilized against future gains.

>Proper planning can be used, in conjunction with other strategies and the 'big picture' of your tax return to place yourself in striking distance of certain tax credits, tax brackets, deductions, tax shelters, and many other things. You can also plan to intentionally inflate your adjusted gross income one year so that you can have an intentionally lower income the next year. (My personal favorite is planning to take advantage of a year that we can get down to the 0% LT capital gains rate).

>Anyway - there's a lot of moving parts but the planning part is key - while you can take losses (generally) any time you realize them, really taking advantage of them may require a little bit of planning.

>>Cautionary note: Make sure you understand what a wash-sale is, because if you trigger wash-sales you will NOT have a realized loss at the time of your transaction.

>It may also be worth speaking with an Enrolled Agent in your area who has experience dealing with this sort of planning.

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I certainly wouldn't try and predict a bottom, but when it comes it's more than often fairly obvious.

One key is the fed changing it's policy on inflation and stating they are going to keep interest rates stable or even reducing rates.

But my advice is what to do if you have an adjustable rate mortgage in a recession.

If you take cash and invest into the market, you might have to sell at a bad time to keep paying the mortgage which will continue to increase as long as inflation stays high.

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  1. Did very well like everyone else the past few years. Budgeting is key. Consistent contribution. Started off with mutual funds but I’m almost all individual stocks now. Up until recently I killed it with Amazon, apple. Recently the market has been beating me. Bought alibaba at what I thought was a good time and I’ve got hammered on that. I’ve had a lot of success never pulling out. Taxes are sooooo much better that way. Also with limited expense ratios lately, I feel really good about where I’m at. Focused on value investing mainly. Lots of PE and PEG stuff, like to look at dividend yield, market cap, debt ratios and general business information.
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Why would you invest money in exploring the world for new sources of product (oil) when multiple countries and states want to ban ICE engines which are a key consumer of your product?

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So, one of the key factors in a mortgage application is your “debt to income ratio”. They don’t generally like it being over 43% of your gross income, for various reasons relating to ability to repay, and for the product to be qualified for various categories of loan (affects marketability and legal indemnity).

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I am tightening my belt on just about everything to accumulate big cash reserves. This is the time to set the groundwork for the type of dividend paying portfolio that lets you retire early. Discipline is the key.

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China doesn't have inflation though.

The US would not have turned off the printer unless it had to. Inflation has cause the printer to slow (a huge balance sheet still means you might have to print to maintain its size, as bonds mature and roll off).

The November elections are key. If most politicians are re-elected, then politicians will think everything is going peachy and will let inflation run hot. If a bunch of politicians are defeated, then they'll get serious about inflation. And ultimately, politicians are the bellwether that guides the Fed, not abstract numbers.

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Diversification is key!!

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I really don't see how any of this works without it being a government blockchain. If your crypto-wallet is stolen, do you lose your house? You lose your crypo-wallet, or parent dies without leaving a key, who owns it? Adverse possession? Court seizure? The list goes on and on for ways that legal possession must change without a blockchain involved.

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The key here is energy prices……The Europeans are paying much higher input costs for energy in every aspect of their economy: industry, commerce, residential, etc.

They are going to enter a deep, long recession in my opinion.

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Great job my dude! If you can do well in tough times, you'll be stellar in a good market. That's the key. This when you learn the best lessons.

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Sure we can stop here because despite your flailing we've managed to establish that major shortages of key inputs isn't good for a manufacturer

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Insurance companies tend to deny expensive medications. So people got cut off a key medication.

Do your homework.

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