Investing General Discussion

LachiusTZ

Rogue Deathwalker Box
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Think the problem is you have to make it your primary residence for 2 years. That's a long time to live in an investment property.

I would think there would be some conversion required to recapture depreciation etc...

Guess it depends on how bad your want to dodge the gains tax
 

Tmac

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Instead of going the ETF w my $2k, I'm going to with $5.5k into ETH on the tail of the VISA announcement.

Just waiting for a dip to get in.
 

Sanrith Descartes

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PLTR continues to slide. Almost bought some more around $22 last week, now I'm glad I held out.
I'm still riding the 20 strike puts I sold expiring in a few weeks. Either I make the premium or get the stock at a good price for the long term.
 
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Gravel

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I know you all are big fans of Fidelity, but I just felt like I had to post about Vanguard. This is maybe the 2nd or 3rd time I've ever had to call them, and holy shit the level of customer service is just amazing.

Maybe it'd be the same with any financial firm with the amount of assets we have, or maybe it's just because it's not Pajeet on the other end of the line. But either way, I come away with it feeling good about where our money is.
 
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Jackie Treehorn

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I know you all are big fans of Fidelity, but I just felt like I had to post about Vanguard. This is maybe the 2nd or 3rd time I've ever had to call them, and holy shit the level of customer service is just amazing.

Maybe it'd be the same with any financial firm with the amount of assets we have, or maybe it's just because it's not Pajeet on the other end of the line. But either way, I come away with it feeling good about where our money is.

For what it’s worth, every time I’ve dealt with Fidelity, I’ve never been on with a non-American rep. Always fully English speaking folks with no accent.

Only cons I’d have is they usually take 1-2+ hours to call you back but I can deal with that.
 

Blazin

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I know you all are big fans of Fidelity, but I just felt like I had to post about Vanguard. This is maybe the 2nd or 3rd time I've ever had to call them, and holy shit the level of customer service is just amazing.

Maybe it'd be the same with any financial firm with the amount of assets we have, or maybe it's just because it's not Pajeet on the other end of the line. But either way, I come away with it feeling good about where our money is.
20 yrs of loving vanguard and I still think they are great . I only left because of the archaic website that I trade too much to make work. Vanguard is an awesome choice for just about everyone .
 
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Hateyou

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I know you all are big fans of Fidelity, but I just felt like I had to post about Vanguard. This is maybe the 2nd or 3rd time I've ever had to call them, and holy shit the level of customer service is just amazing.

Maybe it'd be the same with any financial firm with the amount of assets we have, or maybe it's just because it's not Pajeet on the other end of the line. But either way, I come away with it feeling good about where our money is.
Fidelity is the same way. They’re one of the few companies I’ve dealt with in past few years where it wasn’t horrible to deal with. They were knowledgeable, quick, did what I needed every time, spoke English. It made me feel better about where I have my money too.
 
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Gravel

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I think I may have read something at some point that their customer service people have to have some kind of financial certification and/or background, just due to the stuff that comes up. Not sure if that's true or not, but it could explain the shared experience of good customer service at different brokerages.

So we're good until Congress passes some anti-fiduciary law and they can offshore it.
 
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Arden

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I think I may have read something at some point that their customer service people have to have some kind of financial certification and/or background, just due to the stuff that comes up. Not sure if that's true or not, but it could explain the shared experience of good customer service at different brokerages.

So we're good until Congress passes some anti-fiduciary law and they can offshore it.

I believe it. I talked to a rep at Fidelity for more than 30 minutes about various options regarding the different kind of IRAs and tax stuff. Not only was the guy obviously American and really friendly, but he was smart and knew his shit. I kept expecting him to say "you'll have to ask the IRS" or "I can't give you that kind of advice", but he was more than happy to take as much time as I wanted to answer all my questions. I was super impressed. I told him I only wished Fidelity did crypto stuff so I could put my crypto money with them and he said something like, "Yeah, our president is really interested in it. I know he's looking into it." Could have been a blow off line, I'm sure, but still...
 

Blazin

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I told him I only wished Fidelity did crypto stuff so I could put my crypto money with them and he said something like, "Yeah, our president is really interested in it. I know he's looking into it." Could have been a blow off line, I'm sure, but still...
Fidelity has applied to launch a crypto ETF
 
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Flobee

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I told him I only wished Fidelity did crypto stuff so I could put my crypto money with them and he said something like, "Yeah, our president is really interested in it. I know he's looking into it." Could have been a blow off line, I'm sure, but still...
Fidelity is already pretty deep into crypto. Just not for us poor plebs yet

 

Hateyou

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Sanrith Descartes

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Follow the money...
Miami tech boom accelerates as Peter Thiel's Founders Fund lands in Wynwood [The Miami Herald]

Miami tech boom accelerates as Peter Thiel's Founders Fund lands in Wynwood​


TRIBUNE CONTENT AGENCY 10:02 AM ET 3/30/2021


SymbolLastPrice Change
PYPL233.9876
down
-1.6824 (-0.7139%)
MSFT232.365
up
-2.875 (-1.2222%)
QUOTES AS OF 10:03:22 AM ET 03/30/2021

Mar. 30—If there was any doubt about the willingness of some of Silicon Valley's leading venture capital firms to make Miami their new home base, they may be put to rest now.


Founders Fund, the multi-billion dollar venture capital firm led by PayPal(PYPL) co-founder (and new Venetian Islands homeowner) Peter Thiel, announced Tuesday it has signed a multi-year lease at the Wynwood Annex, the recently completed class-A office tower developed by Jorge Pérez's Related Group along with real estate group East End Capital.


Founders Fund's lease will accompany ones being signed by Atomic, a venture capital and startup building firm led by Jack Abraham, a serial entrepreneur already living in Miami; and OpenStore, a new company led by Founders Fund'sKeith Rabois. The leases total more than 22,000 square feet — housing as many as 50 workers — within the Wynwood Annex, encompassing three full floors, with commitments extending up to 10 years.


According to an interview Abraham gave to Fortune magazine, OpenStore is aiming to capitalize on the "non-Amazon" part of e-commerce, especially more boutique retailers.


"We have plans to scale massively in Miami and make OpenStore the largest company in the city's history," Abraham told Fortune, adding that OpenStore is one of three startups Atomic is currently working on out of Miami.


In a statement to the Miami Herald, Abraham said: "Miami is the perfect city to start the next generation of technology companies, such as OpenStore. It's incredibly diverse with amazing entrepreneurial talent, and Atomic plans to invest and scale significantly here."


Founders Fund previously signed a one-year lease in Brickell; the new lease represents a long-term commitment to the city. The news represents another marquee relocation in a city now awash in them. Since global real estate giant Blackstone announced it was opening an office in Miami, the city has seen Miami announcements from firms including Microsoft(MSFT), Barry's Bootcamp, Point72 and Subway. They join a list of firms, especially ones in finance, that had announced Miami moves earlier in 2020.


"The signing of leases by Founders Fund, Atomic and OpenStore in Wynwood is proof that Miami is well on the way to becoming the capitol of capital," said Miami Mayor Francis Suarez in a statement. "I am excited about all of the opportunities for impact that will be unlocked for founders, job seekers and innovators as a result of the arrival of these iconic firms to Miami."


Added Jon Paul Pérez, president of Related Group, in a statement: "Wynwood's tech transformation is real and here to stay. Founders Fund and Atomic are leaders in their sectors, and their decision to plant their flag in Wynwood speaks volumes to the potential of the neighborhood and Miami as a whole."


East End Capital founder and managing principal Jonathon Yormak said the Wynwood Annex is at the forefront of a trend that is likely to make Wynwood less of a destination neighborhood and more of a "365-day-a-year" one, with a mix of commercial and residential alongside its traditional food, beverage, and retail reputation.


At the same time, he said, no one is challenging its zoning code of strictly low-rise construction and incorporating its traditional design and street art elements.


"The origination of Wynwood as an art community, one with great murals — that is going to continue," Yormak said.
 

Jackie Treehorn

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Gold in the 1600s, silver nearing $23.

I just want two more ounces of gold and I’m done with that. I want my full ounce Gold Eagle and an ounce Maple. Silver I’ll just buy cool stuff as I see it not particularly for investment reasons but more for fun.