dwy000

Today's the day that all our credit cards lower their interest rate to 10%. Congratulations everyone.

Good discussion. I just wish the Fletcher guy would actually let Brown talk. He wants to talk more about himself and advertise his firm than let Brown discuss his.

Not to mention all of these are specifically responding to Trump's stupidity. Its not the US they suddenly have problems with, it is Trumps actions.

All this because he's butt hurt for not being considered for the Nobel Prize? So he wants to go to war with Nato over it? Hes seriously lost his mind.

Anyone with a shred of decency and integrity would have thanked her and turned it down. So of course he took it.

Those names were almost all (if not all) acquired. Very few went to zero.

You realize this is a stock investment board right?

I know this was to Milu, but... I hate trimming positions generally for tax reasons, so try to only do it if its really overpriced (ie by more than the tax id pay on sale). I try to sell covered calls for the trim amount at the price i think is overpriced and that way if I get called away I know its okay and I've got an even larger unrealized gain from the remaining position

Has Brown dropped out of their Top 17?

I think the same argument was made when the same guys started Opendoor. Revolutionize the industry. From the looks this one appears to be "we use some AI"

For clothes or stocks?

About 10 years ago my wife got fed up and implemented a rule for everyone in our house that when it comes to new clothes: one in one out. Any new clothing addition (even gifts, if kept) had to be offset with the donating of a similar item to charity. At first I was skeptical but I've come to love the discipline. There are lots of things I see and want but then I have to think - is it worth getting rid of something I already have. Ive found it to be an even better rule for investing. I have a hard limit of 15 stocks and anything new requires a disposal of something else. And this is especially hard because I have about 5 stocks that I've had for 10-15 years that are almost entirely capital gains right now so I cant get rid of them. Concentration is wonderful if you pick the right 3 stocks. Its terrible if you pick the wrong ones. And even the right ones can underperform for many years so you dont know for a long, long time. Theres no right answer. Do what makes you comfortable and so you can sleep at night and look forward to checking the market after work.

Its also a free country not a nanny state. Over half the country carries credit card debt and not a single one of them was forced to apply for those cards. This idea of starting over and rejecting credit for the bottom tier is just unrealistic. It will drive the market underground to the ver usurious lenders that you are railing against. Not to mention crash out the entire economy. And if you truly believe this you should be supporting the cap on overdraft fees but wont because it was Trump that cancelled them.

Over half of Americans carry credit card debt.

Except he also removed caps on overdraft charges which harm the exact same people most affected by high credit card rates. Go figure.

Europe just signed a free trade agreement with the 3 largest south American economies.

What youre saying is that the most vulnerable (however you want to define that) should not be offered credit, or only secured credit (secured by what if they are that vulnerqble?)

So you wont answer the question.

You didnt answer. And continue to avoid answering because it means either going against your argument today or against your Dear Leader.

So you wont answer! This is the parallel bars of mental gymnastics. If u care so much about cc interest rates, overdraft fees are not insignificant. They are punishing exactly the same people for exactly the same reason This should be the simplest answer all day. The fact you are refusing because it means going against Trump is the most cult like response I've seen.

So you wont answer?

Okay. So do you support Bidens $8 cap on overdraft fees? Or do you support Trump removing the cap, which will punish exactly the same people as the cc rates.

Its somewhat ironic reading this while you support the most far left concepts of Bernie Sanders because Trump supported it.

What do you mean wrong again? Are you arguing that high risk borrowers dont default more?

They end up paying the highest rates because they are the highest risk. You are sounding shockingly like Elizabeth Warren and Bernie Sanders right now. They might kick you out of Florida if these posts get out.