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The way I think about it is this. I will likely be able to retire at 45, but as mentioned previously drawing from my retirement accounts would be counterproductive. Instead, I plan to "semi-retire". Meaning I will probably try to find a job as a ranger or starter at a golf course that also...

Heh, not quite that much. It's ~207k/yr for 35% bracket isn't it? And yea, I'm looking forward to leaving the Northeast. Hopefully soon.

So Wall Street owns about 6% of BTC. How much do we think China owns? 20%?

Way above Roth income limits, would have to backdoor and I plan on being in a much lower tax bracket at retirement (currently in the 35% tax bracket)

I was W2 through a consulting firm. They had a 401k... with no matching, and the worst fund options and expense ratio I've ever seen. So basically they didn't have a 401k. Their best fund made 7.3% last year. I made 53%.

Question about IRAs, Retirement plans from work and MAGI. For the past 5 years I've been a consultant and had no 401k option so I just contributed the max to a traditional IRA and called it good. The company I was consulting for got tired of paying me a consultant's wages and just kind of...

Yea let's go with that.

Yes, its very relevant. "Oh you're making 1/3rd of what you were by collecting unemployment? What are you complaining about? You should live it up and take a European vacation!" Perfectly relevant for the investing thread. Leave that shit in the politics thread.

Can we keep this idiotic, drooling political drivel out of this thread?

Hot take.

Started another Grim Dawn playthrough. Really scratches that Diablo 2 itch.

NKLA is an example of something negative. A vaporware company being brought to market and sold as the next innovator of EV, simply to pump its stock price for a quick dump. This is a problem. It's absolutely a negative. And its basically the sole purpose of SPACs because otherwise these...

This is fine... for now. But its important to note that when you're looking to invest in SPACs you're looking to essentially pull money out of thin air because our financial markets are swiss cheese and easy to manipulate, and not that SPACs are a legitimately good investment vehicle. This is...

All SPACs are dubious at best. They are backdoor channels used to get questionable companies an IPO for a quick buck. The blind optimism surrounding them here is... kind of weird actually. For every 1 Lucid there are 10 NKLAs

Uh... Bueller? Bueller? NKLA??

GME up 50% today....

The best part of this chart is that the S&P gained 17.25% in a year with economic shutdowns and a global pandemic. All anyone needs to do is Diamond Hands the S&P

I don't doubt that these hedge funds would still be able to secure more borrowed stock to short. But it's fucking madness that a fund that is essentially insolvent at that moment in time would get anything from anyone, anywhere. And why would anyone lend shares at that inflated price? It makes...

Well, things like this keep the momentum of "feels" buying going. https://finance.yahoo.com/news/dave-portnoy-stakes-700k-amc-061244626.html

Another thread ruined by simpletons. Cool.

SPACs!!!! https://finance.yahoo.com/news/shareholder-notice-brodsky-smith-llc-234600036.html

Looks like a hold til merger goes through, hope for a quick shoot up on the news, then cut bait.

Well I was kind of bullish on WPF because I thought Alight might be a company worth holding. Turns out Alight might be a garbage company with terrible security practices. https://ago.vermont.gov/blog/2019/08/22/alight-solutions-llc-notice-of-data-breach-to-consumers/ They've been sued several...

SPACs had to die out sooner or later.

It means on a ~10k investment they will charge you ~620/yr for the pleasure of buying into their ETF.

You might want to immediately close out of Amplify (CNBS) because it has a ~6.2% expense ratio.

Healthcare IT is where the money will be soon. Meaningful use is forcing companies to move their EHR systems forward and there haven't really been any clear winners in that field yet. Gotta wait for Meaningful use stage 4 most likely. I've got my eye on a few companies that are still private...

The EV craze reminds me a lot of the Crypto craze circa 2017. New coins and ICOs popping up daily.

That might be one of my new favorite buzzwords. "Urban Mobility" I'd rather invest in a *real* Urban Mobility company. Like Nike when the new Jordan's are about to drop. That said if ZNTE goes above 20 I'll be making a nice mint.

Isnt the rumor they are planning on merging with some ridiculous automated EV air taxi? Do people think this is actually A) feasible at any real level aside from novelty boutques and B) An idea worth pursuing? Seems like SPACs really are struggling to find real companies to merge with and now...

I didn't realize they made reasonably sized homes in TX. Nice place, congrats.

I've got a large sum of shares of ZNTE I purchased at 10.85, and some more at 10.97 How long do we HODL bros? I'm doing things I've never done before, like throwing money at a shit tree and having it turn into delicious plums! 2021 has been magical! (I can't wait for this garbage market...

Why would there be a suicide watch for a guy that is up 2800% for 21m currently? Just because it's 5m less than it was on Friday?

Impossible! The shorted shares are floating in the nether, waiting for the Burning Legion to set them free!

I see what you did there.

It went up on the news and then people sold, as happens with almost every SPAC. Alight is a company that will probably be worth holding at the ~$12 price point. It's not a stupid company with a stupid idea like all these automated electric air taxis.

Health Supplements company that's been around since 1985 and still a penny stock. Surely not just snake oil!

Sold half of my AMC position at $17.25 this morning. Letting the rest ride.

The same will happen to homeowners though, and everyone will always need a place to live. Rental prices didn't really move downward in 2008, and more people than usual suddenly needed to rent because they lost their home and their credit was destroyed. Rental properties are a lot more insulated...

Why would rentals take a nosedive? You mean just short term rentals?