Gravel
Mr. Poopybutthole
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My inheritance is mostly priced in Tesla stock, so today's a good day.
It's funny though, because my mom hates his politics, but he's made her quite rich.
She's probably torn today on joy and anger.
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
It's funny though, because my mom hates his politics, but he's made her quite rich.
She's probably torn today on joy and anger.
Sanrith Descartes
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Blazin
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tsla getting close to becoming my largest position, AMZN has passed GOOGL .
Lots of people wanting to give up on AAPL I'm not there yet. I do think that I will begin selling the monthly calls a lot closer to the money because it's pricey at these levels if it can't start growing rev. even if the services rev has been a real positive.
Lots of people wanting to give up on AAPL I'm not there yet. I do think that I will begin selling the monthly calls a lot closer to the money because it's pricey at these levels if it can't start growing rev. even if the services rev has been a real positive.
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Cad
scientia potentia est
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I know I'm a super low information investor but I just plow money into VTI and VGT. The last 10-12 years have been so ridiculous, I love it.
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Blazin
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I agree and that's what's making me nervous. Not making a technical comparison but an emotional one in that if feels like the late 90s to me.
Even now the animal spirits want to play it like its 2016 but in 2016 we hadn't gone up 40%+ in the prior 12 months. THere is becoming a more pervasive sense of a sure thing. At some point the patience and fortitude test is going to arrive.
I wouldn't listen to me too much at the later stages of a cyclical bull, I don't like losing and it normally costs me as we reach the over extended stage of market runs. Most of my life I'd say they go further than I think they should. I rarely miss the bottom side of the bull the top end I miss more often than not because I know we are into the part of the rally that it's all going to be given back so I'll just wait for the better set up later rather than time the top. I don't think we are at the top of this cyclical bull yet, but we are a lot closer to the top than the bottom.
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Cad
scientia potentia est
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I don't really listen to anybody, I haven't sold anything in 10 years really. I'm just going to start pulling from my taxable accounts when I stop working. I'm very much in the CoastFIRE portion of my life at this point if you follow the FIRE movement at all.
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Cad
scientia potentia est
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It is if you want it to be. I just take fewer cases and work fewer hours, I only get paid on collections and originations so I choose how much I work/make.
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Cad
scientia potentia est
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I get a percentage of my time worked - say I bill at $575/hr and bill a client 10 hours for $5750, I get 40% of that, so $2300. If it is my case or I originated it, I get another 25%, so if I billed that 10 hours on my own case that I brought to the firm, I'd actually get 65% of my billings or in that case $3,737.50 for that same 10 hours. The third scenario is if I originate the case but some other guy bills on it, I only get the 25%. So if I bring in a case but my associate works on it and bills 10 hours at $375/hr, I'd get $937.50 for him working on "my" case.
It incentivizes us to bring in cases and keep busy, the more you bring in and the more you bill, your income snowballs.
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ToeMissile
Pronouns: zie/zhem/zer
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Sanrith Descartes
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Palum
what Suineg set it to
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Blazin
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It's even far more stretched than that PE shows. Most of their "income" was just interest earned look at statements.
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One piece of wisdom (the only piece?) I got from WSB was 'if it's good enough to screenshot, it's time to sell"
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