A lot has changed and we can't just blame the generation. How were they raised? What were the ideologies at the time? Gen Z is a lot that needs to be understood rather than condemned. source
Yesterday they couldn’t even dump it they’re so scared. Sad
Eggs go up
We saw the largest housing price jump on history fueled by historically low interest rates that have now tripled. If the housing market doesn't correct, something is horribly wrong.
Besides, we're already seeing early sighs of it on the west coast.
Can the Dow please go down
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A pump today just as I anticipated
Passed by a First Citizens Bank and judging by the dirty/faded facade I have no idea how this Ollie's-Bargain-Outlet bank purchased SIVB
It's about time we break out of this 390/400 range
Suggest you look at a cheaper, smaller, car and figure out how to put a roof over your head and food on the table first. You don't even know if you're going to like your job yet. Do you have 6 months of living expenses saved up yet? Regarding boat, you talking row boat or something more substantial?
You probably won't be there on Saturday, but the downtown farmers market is fun.
If you have a car, and I assume you will because it's Phoenix, there are a lot of great hiking opportunities close to downtown. If you've never seen a saguaro up close you sort of have to.
Bro this is turning into 2021 all over again. Absurd valuations, shit earnings and macros don’t matter. As long as retail keeps buying puts in record numbers we going up
Please don't mix fasting and babbling about spike protein. Most people already think fasting is crazy.
We were at 393 yesterday
It’s not about liberals. It’s about you and your supposed advertising dollars which you couldn’t spend fast enough when CP was on Twitter but now it’s just too much. Nice pretend virtue signaling you got there
I think it's worth the effort if you don't have a house in mind right now. It's basically free money.
If there's a chance that you'll need the money sooner you can give up a little bit of interest to get no commitment style CDs (that let you withdraw before maturity) or just find an HYSA that is paying 4% or so.
Trust me, I would do the exact opposite. What do you think tax rates will be in the future even if you aren’t in a higher tax bracket? The tax cut and job act is about to end in 2025 and your tax bracket may move up to 28%. I promise that your future self will thank you. With the nations current debt most people expect the rates to increase in the future.
In addition, think about RMDs where that will force you to take out more money even though you are frugal.
No doubt that it is illegal, but it would be better, if possible, to help the OP. Is there a simple and fast way to legalize what he is doing?
What is the quickest and easiest way to do so? The family office, PIC (private equity), ETF, hedge fund,..? I watched a yt about setting up an ETF for a reasonable (approximately $10k) amount. Although I also read somewhere (not sure if it applies to the US) that it doesn't need a series 6, 7, or any other exam if it does not charge for its services.
imagine being a bear and losing to yoga pants
Don't be afraid to walk into places that are hiring with your resume. This is a really good point.
You never know unless you put yourself out there and ask. Many times I've hesitated because I've thought I don't have what the other person is expecting so I lose an opportunity to be considered and you learn on the job irrespective of experience because it's a new workplace.
I tried the same and I did i through Etsy which didn’t work out well for me. Which platform did you use?
We just don’t work minimum wage jobs and can afford quality
made more money on a single trade than I ever have and doesn't even know how to exercise an option. Man I honestly suck so bad lol
If your time frame is less than 5yrs to buy a home, don’t invest the money. Keep it in a HYSA and/or a CD. If it was me, I would keep your 6 month EF in the HYSA and put the rest in a higher rate CD. Ally currently has a no lock 4.75% CD for 11 months.
You don’t deserve two weeks notice because you wouldn’t return the favor to an employee you were letting go. Even millennials know that. Now the ghosting… that is a society problem of being less attached or lacking accountability. I do love you call the emergency contact, but I think the problem is equally your own. We as owners always think we’re fabulous but in reality usually we’re not. We think we’re approachable but we’re not morning people or always unavailable because of meetings, etc. I don’t know how to solve the problem because I’m in the same boat where it seems fine but that open door policy is only in name. The subordinates don’t feel it so they don’t use it. I read a couple books about it but idk I think I need counseling or workplace coach to really figure it out.
You should check the law closet. Yes Florida does allow it but there items to follow:
The employee is non-exempt; The employee signed an agreement before the loss of damage (i.e., at the beginning of employment or when the policy goes into effect); and The deduction does not bring employee’s hourly rate below minimum wage.
The last part is going to be the issue. Even if you have them sign this you can’t make it that they are going below minimum wage. I bet you are not following that rule.
Even if it is legal, what you are doing is wage theft. Think about that. You are stealing from them over a mistake. If you continue to support that policy you are a thief. No ifs ands or buts. A thief.
Maybe don't tell family that you have all that "spare" cash but why not tell coworkers? You will never see them again anwyay. You could tell them you are taking on a job as an international spy and it would be just as valid/useless information.
I am currently doing a lot of teaching/coaching and I think maybe a session on the basics of early retirement will be among my coaching when I am about to leave.
Only thing I can chime in here is that I have worked in BOTH marketing (brand) and demand/lead gen. I have had many instances where I signed clients who had zero brand awareness. They just needed a solution and I closed them on us. But that doesn't mean brand marketing can't help them feel comfortable that it was the right choice.
Read the book "Die with Zero." It's about maximizing your total life experience, not just your financial accounts. There are certain things you will get a way better experience by doing them when you are young and healthy, like epic ski trips. Stop worrying about winning the game of FIRE... you can't anyways. Someone will always retire sooner, with more money. Go for the compromise that makes your best life.
He copy and pasted using GPT. Don’t do that
Will Rentoids ever learn? Like ever ever?
I don’t think they will.
Please tell me you're a troll playing the long game for laughs and you're just committed to the bit. If so kudos brother. You got me. Well played.
No? This isn't a joke? You're gloating about being down -75% or $50k? I don't remember my last message to you but I'm guessing I called you an idiot and said you would lose all of your money. Mind linking our last interaction?
You often don't have to be a church member to receive support from a church. You can contact most United Methodist churches and get assistance through the pastor's discretionary fund.
Who wants a currency that you can’t convert freely?
Don't worry.....unless you are under 35. Then be very worried.
If leggings and short shorts crush earnings, so will lattes and cappuccinos. Calls on SBUX.
Time for mass puts is soon
We were once a bit lazy about checking our mail, and then both got COVID, so we were out hard for 2 weeks, not doing much "adulting" other than struggling to recover from being sick. By the time we went through our mail about 5 or 6 weeks later, we had a delinquent water bill with a threat of cutting it off in 2 weeks. Paid the bill and another final notice still showed up in the mail next day or two.
Our utilities are fairly serious as well! It's not as simple as saying "just don't pay" for every situation!
come up w deal to exchange your half of the equity with child support so you don’t pay anything each month
They're loans, so money isn't being printed. It isn't inflationary. Rates will go higher but only because inflation is sticky
Hold up. If I’m understanding correctly, you’d only be buying the structure of the home, and not the land it sits on?
On its face, this seems like a generally bad idea, and frankly a little predatory that this type of loan being targeted toward low income people.
Land generally appreciates in value and doesn’t require maintenance. Structures generally depreciate in value and require maintenance. It’s most important to own the land, not the structure.
Would you ever take out a thirty year loan on a car? This sounds like almost as bad of an idea.
> The general said China is looking at eastern Russia like my dog looks at my t-bone.
That is western propaganda for domestic audience, and for Russian expatriots - divide and conquer in action.
The truth however is that China and Russia are strategic partners. Russia provides already China everything it needs, there is no need for China to have direct control of Siberia. However if western countries would be able to do a regime change in Russia turning it into a western puppet state, only then China would become interested on having direct control of Siberia.
If you look at China, their goals are simple: A) keep China working; B) keep Russia alive; C) separate Europe from US; and D) weaken and push US out of Asia.
Regular brokerage doesn’t reimburse ATM fees, CMA does.
I am not an expertise but I use financial advisers to handle my finance efficient. Here a some thoughts which may take you a bit closer to a solution you are looking for.
1031 Exchange: A 1031 exchange, also known as a like-kind exchange, could be a potential solution. This allows you to defer capital gains taxes by exchanging your rental property for another investment property of equal or greater value. You'll need to follow the specific rules and guidelines for a 1031 exchange, so it's important to work with a qualified intermediary and consult with a tax professional.
Owner Financing: If you decide to sell the property, consider offering owner financing. This allows you to spread the capital gains tax liability over multiple years, potentially reducing your overall tax bill. With owner financing, you act as the lender and receive payments from the buyer over time.
Refinancing: If you really want to keep your 3% loan, you could consider refinancing the property as an investment property. However, keep in mind that interest rates and loan terms for investment properties might not be as favorable as those for primary residences. This could also impact your eligibility for the capital gains exemption.
Selling and Reinvesting: You could sell the property, pay the capital gains tax, and then reinvest the proceeds into another property or investment vehicle. Depending on your financial goals and risk tolerance, this might be an opportunity to diversify your portfolio.
Primary Residence Exclusion: Depending on how long you've lived in the home as your primary residence, you might still be eligible for the capital gains exemption. To qualify, you need to have owned and lived in the property as your primary residence for at least two of the five years prior to the sale. Be sure to consult a tax professional for guidance on your specific situation.
Don’t opinion as a fact and get financial adviser;)
The US won't default. They'll raise taxes and cut spending. The money printer is never coming back
How much savings do you have? If less than 6 months, I wouldn’t go traveling. Especially for over three months.
I’m a born nomad myself. But everything is pretty shaky as far as decent jobs are concerned. Low unemployment….but many employed in crap jobs.
Haven’t found a property yet - but I agree that makes the most sense.
I figure be a few steps ahead and update my plan in case they say No.
It won't cause inflation. Letting banks fail would cause deflation which would force the fed to pivot. Banks being unable to fail means the fed can keep hiking rates.
And use quality stocks if you want quality results.
You can buy meme BS if you want and collect very high premiums, but just understand that is a very different type of game.
I used to sell covered calls on things like RIOT blockchain and that is a more exciting meme type thing, for actual good consistent results, you could do it on SPY or Apple/Microsoft. The premiums won’t be as big because lower IV
That’s my point he doesn’t have any of those diagnosis right now. Nobody sees the value in life insurance until it’s too late. My 4 year old has a policy whole life $250,00k indexed whole life. $75 a month is all she will ever pay and she’s not going to pay the face amount unless she lives to be 100 which is highly unlikely since I’m the oldest of my bloodline at 40.
/ES couldn’t make a new high and got double rejected at 4038.
What’s your CC spending limit per month? You might be able to call and get them to lower it. It’s part of the game of CCs in that the more reliably you pay it off, the higher your card limit goes. I have a discover card that started at like $500 or something, and over the years it’s now at $3450 and I could probably raise if I asked.
What if you tried calling them and asking if they lower your limit to like $2500 or something? Then you can still take advantage of points/rewards, and also be controlled what you spend on it because it won’t let you go over the limit so if you don’t hit the limit then good for you! But if you do then your max out of pocket is only 2500
I don’t tend to skimp on a couple things. Tires and brakes on a car. Shoes. Office chair. Bed. I spend a lot of time in my office chair, in shoes, and in bed. And the tires/brakes are important safety devices.
That said, I bought a Sleep Number i8 last year and really like it. Being able to adjust the firmness is the equivalent of having an adjustable desk. You can customize the firmness for your needs. I got a rather significant discount being a friend of an employee so that made it far more reasonably priced. Would recommend.
No, I didn’t mean to insinuate just compounding, but riding a really strong bull market helped a lot especially when I started saving at the bottom of the market in 2009.
I’m curious why he would say that since his usual stance on national fuck ups is to pretend they don’t exist
My tinfoil is vibrating
Use ChatGPT to create your social media posts. I've been doing so for weeks and the engagement is significantly higher.
Typically, I'll have ChatGPT write out a rough first draft that I then edit to be more personable and specific. It isn't good enough to write a polished social media post but it does 90% of the work.
No. Due to the nature of the land trust program, there's only two banks that work with mortgages on those types of deals. I've given up on one of them because they really didn't understand the program.
I don’t believe they will reimburse ATM fees when using a debit card tied to a taxable account. They will from a CMA account. That’s one difference. Either way, Fidelity has a very compelling offer to be used as a regular bank versus say Bank of America.
There is no banking crisis. Banks literally can't fail as long as the fed is willing to provide liquidity
Were it not for the market crash in 2021 I would’ve hit it in the next year or two (30M). With the way things are going I don’t expect a bull run until 2025 at the earliest. I probably won’t hit 1M until 34-35 but the second million should come very quickly if I am right about this bull run.
Ah, so property A wasn’t your first property. That would explain the bold move. May I ask what kind of auction was it? Many people said they bought cheap properties at auctions, but many also said there were too many people bidding up too much, and it wasn’t worth the risk. I guess it works better in small towns with fewer investors?
Since you were in the army, I assume you’re handy? Did you do most of the renovation yourself? And thanks for answering.
I'm 39, married with 1 kid, with a portfolio of 550k and aiming to save 45k per year. I live in a VHCOL city. My wife is a SAHM so only single income. I feel like I am behind because I invested in a variety of mutual funds in the past couple of years that hasn't performed as well as VTSAX. I just recently transferred into a target date fund within my 401k and into VTSAX for my Roth and my brokerage. With inflation running so high, achieving 2 million by age 50 doesn't feel like it's such a significant amount.
And for good reason. Many large corporation landlords are garbage and raise rent regardless making people’s living arrangements almost untenable. That shouldn’t be allowed.
Don't do it.
Nobody really cares if banks are corrupt or have criminal associates. They just have to make money. Epstein won't have any effect on JPM.
If you're having a hard time finding the information you need then you need to organize that information into a convenient source you can easily reference as needed. You're the manager, this is part of your responsibilities.
Need freight shipping information? Go to where you keep that info on what previous clients have used and use that. Don't have a database where this info is kept? Make one.
I'm aware of a lot of people who have personal money in there so in order for me to rob da bank its PUTS FOR DAYS!
Get a security gate. I had this one when I had a smoke shop: https://www.uline.com/BL_3942/Folding-Security-Gates
It looks ghetto and I didn't want to do it at first, but once I did the break ins stopped. Had 3 in less than a year. One on Christmas morning. Totally worth it.
They're hard to get through but it can be done, however thieves usually won't mess with stuff that looks harder than others to get in to. In fact, the night I installed it, three other stores in the plaza got broken in to. Made me feel really good about my decision immediately.
If you're making 4k a month in revenue, go ahead and close it down, especially since you have another store doing 4k a day.
I like syrup on my scrambled eggs. Don’t tell anyone
Like I don’t explicitly add it
Pancakes doused in syrup on same plate with eggs? Yes please
at this point I might buy some women yoga pants for myself
Nope you're a jerk. Look in the mirror and realize that you think you are better than other people and don't give them respect, so you don't get it in return. I hope karma returns the favor to you.
You do not need to directly register your shares and in fact doing so will only cause you problems.
Keep your shares in a broker, that’s what they’re for. Don’t listen to anyone promoting DRS, they are idiots who don’t know what they’re doing.
And I would have got away with it too if it weren’t for you meddling kids removes mask
This is a year where I don’t expect much financially - both my husband and I likely won’t be getting decent raises/finding new positions to get a good increase, the market is down, we’re feeling the inflation, we decided to splurge a little more to make life a little better. We worked very hard for a long time to get where we are, we just needed a break. On a positive note - daycare costs should decrease significantly this year, and we have higher hopes for next year.
That's crazy. I know what my family earns and there's no way all these people are easily affording these new cars at these prices. They're either locked into an endless cycle of leasing OR they're doing really long loans and underwater much of the time.
Not to mention, I'd actually like a new(er) car, but I look around and don't see anything I like. Bunch of boring-ass SUVs that's I'd rather be dead than in. I'm an empty-nester.......where are the personal luxury coupes anymore? I don't want 4 doors and only need the back seat for a dog or a duffle bag (or sometimes to stuff another couple into on the way to a restaurant). Like, the Lexus LC500 is a great vehicle, but I just can't fathom spending that much when I'm a hybrid worker and my cars sits for days at a time.
#Submission Vote Removed This submission was voted spam. ##Reasons
Wasn't a Solid Discussion Starter
Misuse of Discussion flair
Hi I'm new what do I do?
Got damn all these Microsoft/open ai wankers out the woodworks with these posts lol. No google isn’t gonna drop off the face of relevancy just bc of llm which btw they have but unlike other companies are more focused on accuracy hence the slow and cautious rollout.
Bank stocks are cyclical, meaning they move positively with the state of the economy. Good earnings certainly help but are not enough. We need to see inflation come down much more and move closer to the Fed’s target to have a better overall outlook. Unfortunately, inflation gonna remain elevated for quite some time, due to tight labor market. Yesterday, Blackrock revealed its views on inflation and rates. I don’t work at Blackrock but I completely agree with this view. Inflation is sticky and there is very low chance of rate cut for the rest of the year.
I have a Serta innerspring + pillow top mattress (queen) that I got about 7 years ago when I bought my house. My town has a "furniture district" where 3 of the 4 major stores are all on the same block, and I just browsed them all and picked what my instincts told me I would prefer. It's a good mattress, yes. No complaints. I don't intend to replace it anytime soon.
Look man, you’re young and have some extra cash. If you can afford to throw 30% of your income into crypto you can afford to fully fund you 401k. We get overly jokey in here but don’t bankrupt your future looking for gainz.
Caveat 1: You might already be maxing your 401k. If you’re doing that AND throwing 30% into crypto I don’t consider you to be making little income.
Given your parameters I would just buy 3 month CDs since banks are paying a premium right now.
From your rhetoric I feel you are thinking you can earn a lot more than 5% return safely. But you can't. You will just find other risky investments that maybe people tell you aren't risky. On the time horizon you share even something broadly considered a good safe investment like a low fee index fund is risky.
You have no clue what you are talking about in regards to the SEC. Crypto isn't regulated by the SEC and nietywr is this exchange.
Fine the SEC is the devil, but blaming the SEC here is like blaming ATF or Parks and Recs since neither had jurisdiction.
Y’all not even ready to consider we may be staring at the end of capitalism as a socioeconomic system.
And I’m tired of pretending this is a bad thing. Fuck it bring on the mass unemployment. Let’s see what happens, I don’t wanna go through this life chained to a cubicle anyway.