General Malaise
Footballguy
BTC up to $106,384 just short of previous record high of $108,786.
here you go, friend: https://forums.footballguys.com/thr...to-me-how-to-buy-these-things.750236/page-138
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Stock Thread (44 Viewers)
- Thread starter St. Louis Bob
- Start date
here you go, friend: https://forums.footballguys.com/thr...to-me-how-to-buy-these-things.750236/page-138
FreeBaGeL
Footballguy
Funny you mention monster cables, because that's exactly who I was going to mention in this thread when Rocket Mortgage came up the other day.
Rocket Mortgage and Monster Cables are essentially the same thing. The same product, but way more expensive, because all those extra margins go to marketing that continues to allow them to sell the same product at a huge markup.
Sorry for the tanget, but Rocket Mortgage just really pisses me off. People are literally throwing away tens or even hundreds of thousands of dollars because they fell for simple marketing and couldn't take an hour to shop around. And then they complain about the price of eggs.
Bob Sacamano
Footballguy
I'm still trying to wrap my mind around 55x expenses. I know what that number would be for me, and I know what I would NOT be doing as a result. What are you waiting for, @Sand . I know you've mentioned being close a few times. Is there something in particular that's keeping you from retiring at this point? I know some people just love their jobs so much they have no desire to leave them early, but I have the impression that's not necessarily you. You're making me question my own assessment of our situation.
Todem
Footballguy
I will never fully retire as long as my brain stays sharp. Love what I do.
Great technical trade right now but I just can't do it knowing their sales right now or horrible.RIVN been on an absolute tear this past month.
FreeBaGeL
Footballguy
RIVN been on an absolute tear this past month.
Have a chunk of IPO shares. Still a ways to go to get back to even on those.
But I'll never stop being mad about the 6 month lockup and watching this thing run to like $150 without being able to sell.
Who locked them up?RIVN been on an absolute tear this past month.
Have a chunk of IPO shares. Still a ways to go to get back to even on those.
But I'll never stop being mad about the 6 month lockup and watching this thing run to like $150 without being able to sell.
The Z Machine
Footballguy
I missed it. Got greedy and wanted it for 245 and I don't think it ever got there...
The Z Machine
Footballguy
Same with BYD. I'm up 30% on that trade. People looking for alternatives to TSLA.RIVN been on an absolute tear this past month.
Bob Sacamano
Footballguy
I wish I felt that way. I'm working to retire and have the freedom to do anything else. Probably not a lot of 55 year olds choosing to become cellar rats, but maybe Maynard James Keenan will give me a shot.
Bob Sacamano
Footballguy
@General Malaise Any chance your boy Chris knows the guys from Tool?
I think the key is to know thyself and be on the same page as your partner.
I intend on retiring next year. I'll be 55. My wife is way on the same page and 5 years younger than me. We are empty nesters and there is a ton of "stuff" we want to do. Most of it will be near home base, reading, hiking, gardening, volunteering, etc.. But we do have a lot of travel planned as well, and none of our children will live very close by (within 300 miles) with one possible exception.
That said, I will not have 55x expenses saved up. Nowhere near it. Finance and investing is a hobby of mine and I intend on continuing on with it.
I don't begrudge anyone that wants to keep working into their 60's or 70's at all. I just know that's not for me. As I get older I know I'm not going to physically be able to do all the things I do now. It's not that I don't enjoy my job, I would be perfectly satisfied here for 10 more years as I have tons of autonomy, job security and am relatively well paid. Wife is in the exact same situation.
My grandfather worked till near 75 until forced retirement. He drove 2 hours each way in a cripping Long Island to Newark commute. And did this to stay away from his wife! It worked well for them. My parents retired at 55 so I'm doing my best to retire earlier. They are still around and active and early retirement worked well for them. So a few things I've learned over the years is everyone is different. And money isn't everything.
Maybe I'll write a book along with my quarterly newsletter to keep me occupied.
Bob Sacamano
Footballguy
Your newsletter... I would like to subscribe to it.
I've posted that a lot over the years. I don't think it's ever been literal.
I've posted that a lot over the years. I don't think it's ever been literal.
General Malaise
Footballguy
lol......read-thru: Bob Sacamano likes Maynard's wine and wants his buddy GM to get a him a discount.
General Malaise
Footballguy
Todem
Footballguy
I am currently 55. I do get to travel often, enjoy life while working. Fortunately I am not a slave to a desk or a location. I work from anywhere in the continental USA.I think the key is to know thyself and be on the same page as your partner.
I intend on retiring next year. I'll be 55. My wife is way on the same page and 5 years younger than me. We are empty nesters and there is a ton of "stuff" we want to do. Most of it will be near home base, reading, hiking, gardening, volunteering, etc.. But we do have a lot of travel planned as well, and none of our children will live very close by (within 300 miles) with one possible exception.
That said, I will not have 55x expenses saved up. Nowhere near it. Finance and investing is a hobby of mine and I intend on continuing on with it.
I don't begrudge anyone that wants to keep working into their 60's or 70's at all. I just know that's not for me. As I get older I know I'm not going to physically be able to do all the things I do now. It's not that I don't enjoy my job, I would be perfectly satisfied here for 10 more years as I have tons of autonomy, job security and am relatively well paid. Wife is in the exact same situation.
My grandfather worked till near 75 until forced retirement. He drove 2 hours each way in a cripping Long Island to Newark commute. And did this to stay away from his wife! It worked well for them. My parents retired at 55 so I'm doing my best to retire earlier. They are still around and active and early retirement worked well for them. So a few things I've learned over the years is everyone is different. And money isn't everything.
Maybe I'll write a book along with my quarterly newsletter to keep me occupied.
It feels like semi retirement without it being that.
Sand
Footballguy
No time to wax eloquent as I'm about to get on a plane. Expenses the last year have been quite low. Still I'm probably at 40x long term. Not counting the nice car worth of a retaining wall I have to put in this year.
Definitely thinking of 30 hours a week soon. See if not doing 50+ hours a week drives me nuts or not.
General Malaise
Footballguy
My boss is 71 and never retiring. According to him. Hits the gym at 1pm every day, looks 15 years younger, mentally sharp. I'm sticking with him until he gives up the ghost. We have a really big investment that needs to liquify and if/when that happens, we'll pivot as a firm a bit but will always look to the periodic table of elements for investment ideas to supplement our other investments.
I don't make what I used to, but I don't care. More to life than money and I do my own trading/investing piggybacking off our firms' research and ideas. I have some passive income too that's tied to my boss, so I ain't going nowhere.
I also made a decision to cut my work week in half. I did this about 8 years ago after my twins were born. I quit going in super early and leave before 2 every day. It's nice. I get a lot of disc golf, walking, reading and bar time in that way before I have to parent, coach, cook, etc. I'm much happier this way. So long as my boss is hitting fastballs, I'll be here collecting checks and bogarting their ideas for investment (although Todem might be responsible for most of my recent gains, so don't you dare retire GB).
Way I figure, I've got a good 10 years left here then we'll see what the plan is. Wife is 8 years younger and just started working again. She makes about 1/3 of what my son makes now, lol. School teaching ain't the royal road to riches, that's for sure. Ideally, I'll wait until 70 or so to collect SS but as Mike Tyson said "Everybody has a plan until you get punched in the nose" and lord knows, life has jabbed me in the beak a time or twenty.
I don't make what I used to, but I don't care. More to life than money and I do my own trading/investing piggybacking off our firms' research and ideas. I have some passive income too that's tied to my boss, so I ain't going nowhere.
I also made a decision to cut my work week in half. I did this about 8 years ago after my twins were born. I quit going in super early and leave before 2 every day. It's nice. I get a lot of disc golf, walking, reading and bar time in that way before I have to parent, coach, cook, etc. I'm much happier this way. So long as my boss is hitting fastballs, I'll be here collecting checks and bogarting their ideas for investment (although Todem might be responsible for most of my recent gains, so don't you dare retire GB).
Way I figure, I've got a good 10 years left here then we'll see what the plan is. Wife is 8 years younger and just started working again. She makes about 1/3 of what my son makes now, lol. School teaching ain't the royal road to riches, that's for sure. Ideally, I'll wait until 70 or so to collect SS but as Mike Tyson said "Everybody has a plan until you get punched in the nose" and lord knows, life has jabbed me in the beak a time or twenty.
General Malaise
Footballguy
No tax on tips passed.
Time to buy GME, AMC and dragon lite coin.
Time to buy GME, AMC and dragon lite coin.
fruity pebbles
Footballguy
Great……as if tipping culture wasn’t bad enough
Sand
Footballguy
What does one have to do with the other? You totally lost me.
No joke. I'm waiting for the article in six months talking about how PE and hedge funds are gaming this.
Desert_Power
Footballguy
So dumb.
fruity pebbles
Footballguy
I think he’s linking the people investing in those type of meme stocks are the same ones working for tipsWhat does one have to do with the other? You totally lost me.
No joke. I'm waiting for the article in six months talking about how PE and hedge funds are gaming this.
General Malaise
Footballguy
I think he’s linking the people investing in those type of meme stocks are the same ones working for tipsWhat does one have to do with the other? You totally lost me.
No joke. I'm waiting for the article in six months talking about how PE and hedge funds are gaming this.
Yeah, sorry for attempting a joke I guess.
Sand
Footballguy
I just lack of sense of humor. Sorry - carry on!I think he’s linking the people investing in those type of meme stocks are the same ones working for tipsWhat does one have to do with the other? You totally lost me.
No joke. I'm waiting for the article in six months talking about how PE and hedge funds are gaming this.
Yeah, sorry for attempting a joke I guess.
Bob Sacamano
Footballguy
Where his sense of humor is supposed to exist sits an inhibitor chip that keeps his spending habits low.
BeTheMatch
Footballguy
Ozempic for wallets
Bob Sacamano
Footballguy
$0zempic*
*Now with Saveaglutide
*Now with Saveaglutide
I guess we would be justified in reducing tips by 25% since the money would be the same.
I supposed since places charge mandatory tips for large parties, I could restructure a $100 commission fee to $80 and a mandatory $20 tip? I could then cut my bookkeepers pay by 20% and pay them 20% in tips?
I supposed since places charge mandatory tips for large parties, I could restructure a $100 commission fee to $80 and a mandatory $20 tip? I could then cut my bookkeepers pay by 20% and pay them 20% in tips?
cosjobs
Footballguy
brilliant
JB Breakfast Club
Footballguy
Lotta millionaire types are about to earn tip income.
The Z Machine
Footballguy
Yup. Their accountants will earn beacoup tips now too.
I’m all for not taxing tips (I’ve always left cash in case the server chooses to just pocket it) but we are running a pretty significant deficit and the debt is enormous. Hope this gets offset with an increased tax on high income earners.
Capella
Footballguy
Lol don’t get your hopes up
Oh, my hopes are long dead. They’re in the process of being buried under trillions of dollars of debt, too.
FarFromHome
Footballguy
No tax on overtime makes sense.
McBokonon
Footballguy
Update: $TGT is still ****ty.
Todem
Footballguy
Update this will be an easy 25-35% trade if you are patient down here.
Not the greatest conpany in the world by any means……but they are very cheap now as opposed to cheap. They are not going anywhere.
I will take another 1% bite here. We only took a half bite back in November (1%).
Dividend is safe too fyi while I wait.
I have no emotion with this…..and if I am wrong….oh well. Nobody bats .1000
But I have been able to successfully trade this big box retail stock 3 times now. I can wait.
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Not directed at you, but this cash deal irritates me to no end. I work in the property management field. I get complaints for property owners about the prices my vendors are quoting. Typical call has them telling me they found someone on Craigslist 40% cheaper than my vendor. Well of course thy are, we are reporting their payments to the IRS so they are paying 15% FICA, 25% Federal, and 4% state tax. They also have liability insurance and may even pay workers comp if they have employees. I guess you could say it's my fault for allowing my customers the choice.
Also an anecdote, but my niece who just graduated college with a health care degree is postponing working in the field because she make 2x waiting tables. I don't begrudge anyone making the most money possible by any legitimate means, but it seems to me that no tax on income for health care providers would provide a better outcome for the country. We are now incentivizing people to become servers over other fields.
Todem
Footballguy
Not on my master list…..still not fully in at all. But still watching.
fruity pebbles
Footballguy
I was actually going to post something similar. We have had several new nurses leave recently because they make more tending bar than working bedside and it’s a hell of a lot easier and less stressful, and that was before the tax breaks.
fruity pebbles
Footballguy
What are your thoughts on Pepsi? Looks like another that looks similarly cheap.
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