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fareastwarriors

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Everything posted by fareastwarriors

  1. He might own 48%-50% of SpaceX. Valuation reported last round was at $100 billion. That's a lot of coin. https://www.forbes.com/sites/jonathanponciano/2021/10/08/elon-musks-spacex-reportedly-lands-100-billion-valuation-in-private-investor-transactions/?sh=bba5f9d44161 How much of SpaceX does Elon Musk own? According to Barron’s, Musk owns about 50 percent of SpaceX. Forbes places his ownership more specifically in the 48 percent range. Despite his owning less than half of the company, Musk retains absolute control over SpaceX and its business operations. This is because Musk controls a whopping 78 percent of voting shares in the company, giving him more significantly more leverage than any of SpaceX’s other shareholders.
  2. Seems like a big deal if 401k providers start to offer BTC and cryptos into their lineup. NY Times: Fidelity’s New 401(k) Offering Will Invest in Bitcoin
  3. I been getting office furniture ads and Mobil gas ads when I'm on mobile. Well on desktop, my ad blocker is doing a wonderful job
  4. More PCYO and MSGE and picked up some BAC under 36 (forgot I had an outstanding buy order lol). legacy holding from the post GFC days.
  5. For primary, I wouldn't even bat an eye if the prices around my neighborhood were down 20%. Down 20% from all time high still seems crazy expensive for my little old neighborhood. I wouldn't sell unless I need to move for other reasons like work or family. For investments, again I wouldn't sell. Especially in California, the property tax situation favors long term holding. Ex: I pay about $5,000 for property tax for a house that's worth about $1.2M. If I buy another $1.2M house, I would pay $18,000 instead per year. To battle against landlord unfriendly laws, I'm trying to scale up. If 1 out of 2 tenants not paying, that's a major issue but if 1 out of 20, it's still manageable. We'll see how this works out. No vacation home yet. I'm slacking!
  6. use this https://archive.ph/WEkwR
  7. @thepupil help. What's going on with MBS and mortgage rates?
  8. It will take time and sustained prices to bring on more drilling and eventual production.
  9. Wall Street bonuses climb to record $257,500 per worker last year, New York’s fiscal chief says https://www.cnbc.com/2022/03/23/wall-street-bonuses-climb-to-record-257500-per-worker-last-year-new-yorks-fiscal-chief-says.html That’s because Wall Street workers make almost five times the $92,315 average salary in the private sector excluding finance, according to the report. Securities workers saw overall compensation climb 7.7% to $438,370 for 2020, the latest data the comptroller had. There were 180,000 workers in New York’s securities industry in 2021, roughly unchanged from the previous year but 10% below its peak twenty years ago. New York remains the country’s financial capital, although its share of finance jobs has fallen as firms create new offices in Florida, Texas and other low-tax states.
  10. Slow and steady https://www.cnbc.com/2022/03/16/berkshire-hathaway-closes-at-a-record-above-500000-a-share-as-buffetts-conglomerate-roars-back.html
  11. Yes, I know it well. I came from finance world. The letters after are longer than many people's names. Twitter is fun and very informative if you choose who you follow wisely.
  12. The housing market's key metric just took an ugly turn for home buyers https://fortune.com/2022/03/14/housing-market-key-metric-inventory-zillow-bad-for-buyers/
  13. Family of Late Berkshire Billionaire Retains $7.5 Billion Stake
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