Stock Market/Investing/Day Trading/Speculative Trading Thread

[Faux Sean Callahan]

 

[God is a Husker]

Did they just accidentally admit that their tax policy is a significant factor in prices?

 

[Faux Sean Callahan]

Did they just accidentally admit that their tax policy is a significant factor in prices?

Why are they waiting till June 1st? I get it probably isn't like flipping a light switch, but two months? IDK

 

[BingoDingo]

Why are they waiting till June 1st? I get it probably isn't like flipping a light switch, but two months? IDK

Just read that it is a budget initiative, so funding will become available on June 1st...but it looks like the actual tax relief will only cover about 16 cents per gallon, so it's basically worthless lol.

 

[Toe]

Yeah, a lot of states have their gas tax rates set in cents per per gallon, and haven't actually raised them in decades because it's hard to find the political will to do the job. And often, the roads are either left to rot, or they have to build toll roads & 'Lexus lanes' for those who can afford to pay.

 

[God is a Husker]

Yeah, a lot of states have their gas tax rates set in cents per per gallon, and haven't actually raised them in decades because it's hard to find the political will to do the job. And often, the roads are either left to rot, or they have to build toll roads & 'Lexus lanes' for those who can afford to pay.

Damn shame the DCC prevents us from actually having higher taxes for people with luxury foreign vehicles, I’d love it if my brother in laws douche Mercedes and Rolls Royce got taxed at a higher rate than my Silverado.

 

[BingoDingo]

Damn shame the DCC prevents us from actually having higher taxes for people with luxury foreign vehicles, I’d love it if my brother in laws douche Mercedes and Rolls Royce got taxed at a higher rate than my Silverado.

That would be one of the very few taxes I would be opposed to. As someone who is openly Audi 4 Lyfe, this would directly impact me and that's simply unacceptable.

 

[RedSavage]

Gas tax is one of the easiest taxes to increase that would bring in billions of revenue cus people would barely notice or not at all. So dumb it hasn’t been raised in decades.

 

[Faux Sean Callahan]

 

[Faux Sean Callahan]

 

[God is a Husker]

 

[Jim14510]

Damn shame the DCC prevents us from actually having higher taxes for people with luxury foreign vehicles, I’d love it if my brother in laws douche Mercedes and Rolls Royce got taxed at a higher rate than my Silverado.

There's a luxury vehicle tax on personal property tax. Not sure how they decide what it applies to. Seems kind of random to me.

 

[Faux Sean Callahan]

I'm in on amd 110C for next week..

Between the 110c and 115c there is 100k in open interest...

 

[BingoDingo]

How excited does this make you?

 

[God is a Husker]

How excited does this make you?

I didn’t exchange/buy any rubles, didn’t you buy the dip?


I need the Indian rupee to do something like this, it’s worse than it was prior to the “official” invasion of Ukraine.


My idiot Father in Law has like 60 million stupid rupees stuck in India and the rupee has fallen so far that it’s only worth like maybe $800,000 right now… we have been telling him for a decade to withdraw it all and exchange it. If he had listened to us that would be over $1mil right now.

like I said, fucking idiot



Edit: PS: the Indian banks cap how much you can withdraw per day and you have to do it in person. Cap is like $2mil rupees per day… so whenever he does decide to bring it over he is gonna have to spend a month straight walking his ass down to the bank and making a withdrawal. Fucking idiot

 

[Jim14510]

I didn’t exchange/buy any rubles, didn’t you buy the dip?


I need the Indian rupee to do something like this, it’s worse than it was prior to the “official” invasion of Ukraine.


My idiot Father in Law has like 60 million stupid rupees stuck in India and the rupee has fallen so far that it’s only worth like maybe $800,000 right now… we have been telling him for a decade to withdraw it all and exchange it. If he had listened to us that would be over $1mil right now.

like I said, fucking idiot



Edit: PS: the Indian banks cap how much you can withdraw per day and you have to do it in person. Cap is like $2mil rupees per day… so whenever he does decide to bring it over he is gonna have to spend a month straight walking his ass down to the bank and making a withdrawal. Fucking idiot

There's no type of investment account you can fund it with? That's annoying.

 

[God is a Husker]

There's no type of investment account you can fund it with? That's annoying.

Yeah the sketchy bank in India is better (20% guaranteed) than any investment account you could get here because it’s owned by the Mumbai mafia to wash money.

That’s why my idiot FIL put his money there and also the reason why they have a withdrawal per day cap.


Classic 3rd world shit

 

[BingoDingo]

I didn’t exchange/buy any rubles, didn’t you buy the dip?


I need the Indian rupee to do something like this, it’s worse than it was prior to the “official” invasion of Ukraine.


My idiot Father in Law has like 60 million stupid rupees stuck in India and the rupee has fallen so far that it’s only worth like maybe $800,000 right now… we have been telling him for a decade to withdraw it all and exchange it. If he had listened to us that would be over $1mil right now.

like I said, fucking idiot



Edit: PS: the Indian banks cap how much you can withdraw per day and you have to do it in person. Cap is like $2mil rupees per day… so whenever he does decide to bring it over he is gonna have to spend a month straight walking his ass down to the bank and making a withdrawal. Fucking idiot

Ahh, rubles/rupee. I haven't ever gone forex as I feel like that would be great way to either lose a ton or basically make absolutely nothing.

On the bright side, at least your FIL isn't holding those funds in Iraqi dinars, lol.

 

[Jim14510]

Yeah the sketchy bank in India is better (20% guaranteed) than any investment account you could get here because it’s owned by the Mumbai mafia to wash money.

That’s why my idiot FIL put his money there and also the reason why they have a withdrawal per day cap.


Classic 3rd world shit

Is this bank called ICICI? You want to do a FinCEN for me?

 

[Faux Sean Callahan]

Ahh, rubles/rupee. I haven't ever gone forex as I feel like that would be great way to either lose a ton or basically make absolutely nothing.

On the bright side, at least your FIL isn't holding those funds in Iraqi dinars, lol.

Pretty much anything international in my eyes is high risk and low reward.

I'm sure there is something I've forgotten but doesn't seem like you have the same margin for error internationally.