Stock Market/Investing/Day Trading/Speculative Trading Thread

[Jim14510]

Yeah I think that you'd probably have some exemption for VC/PE but who knows. Not going to happen either way and more likely carry would be eliminated (also not going to happen!)

I'm sure I'll have 100+ phone calls in the next month from people that make 100k and a net worth of 250k asking me how much more tax these possible changes will cost them.

Had a lot of clients asking if their refund went down/owed more because of the Biden tax law changes this last year.

A few years ago it was about the changes in taxes on real estate and farmers telling me they were going to have to sell everything to pay for the changes.

The common theme. There are/were no changes.

 

[Jay Bilzerian]

I'm sure I'll have 100+ phone calls in the next month from people that make 100k and a net worth of 250k asking me how much more tax these possible changes will cost them.

Had a lot of clients asking if their refund went down/owed more because of the Biden tax law changes this last year.

A few years ago it was about the changes in taxes on real estate and farmers telling me they were going to have to sell everything to pay for the changes.

The common theme. There are/were no changes.

I also heard you made one of your clients take you to lunch!

 

[Jim14510]

I also heard you made one of your clients take you to lunch!

Casey's pizza. He didn't even buy. Cheap fucker.

 

[God is a Husker]

Casey's pizza.

 

[God is a Husker]

I'm sure I'll have 100+ phone calls in the next month from people that make 100k and a net worth of 250k asking me how much more tax these possible changes will cost them.

Had a lot of clients asking if their refund went down/owed more because of the Biden tax law changes this last year.

A few years ago it was about the changes in taxes on real estate and farmers telling me they were going to have to sell everything to pay for the changes.

The common theme. There are/were no changes.

In my opinion the lack of understanding how our tax system works is the reason for almost every issue in this country.

Rich people don't understand how they benefit and/or what they should be mad about.

Poor people don't understand how they benefit and/or what they should be mad about.


Even "educated" people and the vast majority of our ruling class (politicians) don't understand how they benefit and/or what they should be mad about.



Best tax system in the world IMO and specialized in tax law and I've been to 30+ countries over 5 continents.

 

[Kaladin]

In my opinion the lack of understanding how our tax system works is the reason for almost every issue in this country.

Rich people don't understand how they benefit and/or what they should be mad about.

Poor people don't understand how they benefit and/or what they should be mad about.


Even "educated" people and the vast majority of our ruling class (politicians) don't understand how they benefit and/or what they should be mad about.



Best tax system in the world IMO and specialized in tax law and I've been to 30+ countries over 5 continents.

Fuck that

 

[Toe]

Yields sort of suck...

You know, I'm beginning to think you might be on to something with this... 🤔

 

[Faux Sean Callahan]

This is gonna be fun

 

[LoudHogRider]

This is gonna be fun

Own several of those equities. Swing, batter batter batter, SWING!

 

[Faux Sean Callahan]

Own several of those equities. Swing, batter batter batter, SWING!

I got 3, 2 of my top 3 (lly & aapl)

Wing stop is one I’ve had in my bullpen but it has been too hot lately.. McDonald’s and dominos are two other that I’m interested in.

Master card is another I’m very interested in.

 

[LoudHogRider]

I got 3, 2 of my top 3 (lly & aapl)

Wing stop is one I’ve had in my bullpen but it has been too hot lately.. McDonald’s and dominos are two other that I’m interested in.

Master card is another I’m very interested in.

Mrs. LHR has been in and out of MC over the last five or six years. She’s made good money on it. She’s also a loooooong term AAPL holder & also currently holds AMZN.

I’m currently holding RIOT & AMD. RIOT needs to run. Bigly. We shall see where BTC actually goes post-halving.

 

[Jay Bilzerian]

Mrs. LHR has been in and out of MC over the last five or six years. She’s made good money on it. She’s also a loooooong term AAPL holder & also currently holds AMZN.

I’m currently holding RIOT & AMD. RIOT needs to run. Bigly. We shall see where BTC actually goes post-halving.

I'm curious if you have any thoughts on CORE. I picked up a bunch during bankruptcy. Interestingly, they added the GPRE CEO to their BOD back in January.

 

[LoudHogRider]

I'm curious if you have any thoughts on CORE. I picked up a bunch during bankruptcy. Interestingly, they added the GPRE CEO to their BOD back in January.

I like the fact that it’s Etherium-based as I believe ETH is really going to own the lubrication space in blockchain. CORE seems to have retracted from their recent run-up to their relatively stable price point. Long term, there’s a lot to like there.

With that said, I’m not a crypto wiz. I’ve been investing in the space for a while, but I’ve probably made more stupid buys & trades than smart ones. Still, I’ve made some very good coin for no more than I’ve put into it (>$20K).

 

[Jay Bilzerian]

I like the fact that it’s Etherium-based as I believe ETH is really going to own the lubrication space in blockchain. CORE seems to have retracted from their recent run-up to their relatively stable price point. Long term, there’s a lot to like there.

With that said, I’m not a crypto wiz. I’ve been investing in the space for a while, but I’ve probably made more stupid buys & trades than smart ones. Still, I’ve made some very good coin for no more than I’ve put into it (>$20K).

Sorry, I’m an idiot. Meant CORZ which is the miner Core Scientific.

 

[LoudHogRider]

Sorry, I’m an idiot. Meant CORZ which is the miner Core Scientific.

All of the miner stocks are stuck in the same conundrum: BTC just got twice as difficult to mine. Until the price of BTC goes up, they’ll drift unless they have the capability to pivot their business model and use their computing / hashrate capacity for other purposes (e.g. data center hosting).

As I mentioned above, I own RIOT & Mrs. LHR also owns some MARA. I truly don’t know much enough about CORE to comment on their value proposition or their intrinsic worth. 🤷‍♂️

 

[Toe]

A story in two parts...

 

[Faux Sean Callahan]

 

[LoudHogRider]

Jobs #'s coming in a little softer than expected. Market soaring. Good job, Fed. You're slowly killing the economy. Markets cheer!


The world is weird ...

 

[slattimer]

Jobs #'s coming in a little softer than expected. Market soaring. Good job, Fed. You're slowly killing the economy. Markets cheer!


The world is weird ...

My personal favorite is when a company beats earning numbers, stock starts to moon, and then...boom, bottom falls out..

 

[BingoDingo]

Jobs #'s coming in a little softer than expected. Market soaring. Good job, Fed. You're slowly killing the economy. Markets cheer!


The world is weird ...

Feels like we got a bit of seasonal decomp here...maybe will be revised up, but this is a good report...strong service growth and wages continuing to normalize. These blowout jobs reports have been taking dumps on yields, so feels pretty nice on an early Friday morning...