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Everything posted by rkbabang
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https://aul.primo.exlibrisgroup.com/permalink/01AUL_INST/u9e6on/alma995901882406836 Out of print. But the above link connects with an online copy. Interesting. It is still available at the above link, but apparently not at MIT anymore and Lowery has been "ordered" to stop talking about it publicly. https://twitter.com/JasonPLowery/status/1684637080029196288?s=20
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I agree. I'm basically thinking the Kuppy+Bitcoin portfolio (home/land/real assets related, oil, uranium, bitcoin) is the place to be the next 5+ years.
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The home you live in is different than most investments and needs different accounting. You can do the above with an investment property but not your 1st home. With an investment property you can either buy it or not and put all of the money elsewhere. But with a 1st home you don't have that option unless you plan to sleep under an overpass or in a van down by the river. You need to track and subtract what you would otherwise have had to pay for rent if you choose not to buy the home. And that rent would have increased every year indefinitely.
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Making large donations to the Democratic Party really pays off in the end. Think of it as criminal prosecution insurance. Prosecutors Drop Campaign Finance Charge Against Sam Bankman-Fried https://www.nytimes.com/2023/07/27/business/sam-bankman-fried-campaign-finance-charge.html
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Yes, it kind of does make sense for a retirement account where no taxes are owed. If you think about it it is the taxable accounts that don't make much sense other than for keeping track of taxes owed according to the US tax code. Those shares don't cost you anything, so why would they have a cost basis? Fidelity marks all dividend reinvested shares as cost basis $0 on all of my tax deferred accounts (IRA, Roth IRA, and 401k brokerage link accounts).
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Absolutely. I use my sous vide circulator 1-3x per week. After I'm done getting it to the correct internal temperature I either sear it in a hot pan with a little bacon grease, or with my torch ( https://www.etsy.com/listing/918859663/culinary-cooking-torch-searing-sous-vide ), or my 1500 degree F infrared searer (https://www.amazon.com/dp/B089Y1HXSF).
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No problem. It's interesting, I've never owned nothing but dividend reinvested shares for any of my positions before in my IRA. It gets the Total Gain percentage wrong. It says "0.00%" rather than "∞%" or just "n/a" or something.
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Sold AAPL and bought more FFH. I've now sold all of my AAPL stock that I purchased since 2014 (and then some) and only own some of the shares that I've received from having dividend reinvestment on my account in the last 9 years. This is a little over 150 shares with basically a 0 cost basis (because it is in my IRA Fidelity marks these shares as $0 cost basis). I'm going to hold those forever whether or not I ever invest more in AAPL again. AAPL has been a great investment for me, but the price seems way to rich for me here.
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Why a non-revocable trust with huge setup fees and ongoing yearly fees? As stahleyp says above, If your assets are under $10M or so, wouldn't just a regular revocable trust with yourself and your wife as trustees be sufficient? I set one of these up for about $3K in one time legal fees the transferred ownership of both my homes and all of my brokerage & savings accounts into the trust's name. I left my checking account in our personal names because there is never more than a few $K over what we need to pay this month's bills in there anyway. I don't know if things are more complicated depending on which state you live in though. I live in NH with no state income, capital gains, or inheritance taxes to worry about.
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I Need a Laugh. Tell me a Joke. Keep em PC.
rkbabang replied to doughishere's topic in General Discussion
I for one support our AI overlords. See you at the beach. https://twitter.com/GhostofWhitman/status/1679713330036875264?s=20 -
Dotcom Bust vs. Pandemic "Bust"...equities and rates
rkbabang replied to tede02's topic in General Discussion
When you see large tech companies trading at multiples of 500-1500 let me know. Things are getting a little expensive, but it doesn't look like 2000 to me. If there is a crash I don't think we will see anything like major companies going down 80-95%. I know there are a handful of stocks with crazy valuations (TSLA), but nothing like 2000. -
Yeah, that clarifies things. Maybe they should change what something is based on the race and/or sex of the buyer too.
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I just noticed it's out of print on Amazon. I wonder if it was a limited print run? There's one on ebay. https://www.ebay.com/itm/295578626098 It's $55, but I paid $35 for mine on amazon back in May, so that isn't too outrageously priced, especially with free shipping. Hopefully they'll print more of these, I think it's an important book.
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LOL, no! https://www.amazon.com/gp/product/B0BW358F37
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No problem. I guess we're even. I read "The Network State" based on your recommendation and it was excellent. It didn't have the transformation effect on my thinking the way Softwar did, but it was an excellent analysis of the current situation in the world. I've recommended it to quite a few people since I've read it.
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You really should read the book I mentioned before “Softwar” he goes deep into this type of thing from an evolutionary and primordial economics perspective. I was just telling @Dave86ch on Twitter (because he quotes from it a lot) that this book has changed my view of the world more than anything I’ve read in decades. And I average 80-100 books/year.
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I Need a Laugh. Tell me a Joke. Keep em PC.
rkbabang replied to doughishere's topic in General Discussion
Mostly nailed it. -
I sold all of my SPHR $30 Dec calls for 3.5X what I paid for them. I’m probably selling to early here, but I’ll take it. I just wish I had bought more than I did.
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Doordash as well. It used to be that the only place that would deliver food to you in most towns was a pizza place or two. Now you have access to every restaurant in your area including nearby cities. I live outside of Manchester NH, yet can have doordash bring me food from most Manchester restaurants without me needing to drive into the city myself to get it.
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LOL yes, yes it does Yeah. That’s like asking are 30-50 people still murdered in Chicago every weekend? Yes, every leftist run city in the nation is a shitshow.
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yep. If you think about the trillions stolen from the American people by all levels of government + the money they create and spend. If giving the government money could solve these problems we’d be living in a Utopia. Just look at education spending. The spending line goes up almost exponentially over time. The number of administrators goes up with spending. Yet test scores either don’t move much at all or decline. Government is nothing but the gang of thieves people are afraid would take over if we had no government:
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You mean the restaurants that aren't going to be able to offer wood-fired pizza anymore to save the planet?
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I also have ubiquity equipment. Router, cloud key controller, switches, and 2 access points. I also ran thousands of feet of CAT 6 cables all over my house when I moved in 8 years ago. I’ve got a box of 4 Ethernet connections in each living room and my home office, plus 1 to each access point on the 2 ends of my house. I pretty much do this first thing whenever I buy a home, as well as redo the kitchen and all the baths.
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I pay Apple for Apple One which comes with enough cloud storage to backup our iPhones. I have a QNAP NAS (TVS-1271U-RP-i3-8G) for all of our computers. 1 Mac, 1 Windows, and 1 Linux machine and also stores all of our pictures and home videos on a Plex server so they can be viewed on any TV in the house.
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Can’t get rid of them, nor would you want to. For every no-brainer buy or sell any of us have ever made there needed to be someone on the other end doing something stupid.