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!
Captain Suave
Caesar si viveret, ad remum dareris.
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Lots of things were wrong with that view. Even if the models were cheap to train, they've still got to be served to customers. DeepSeek was almost instantly turning away users because they didn't have the compute to actually run the model at scale. Jevon's Paradox says that as efficiency increases so does total resource consumption, because cheaper products find more use cases. That's held true in many domains; there's no reason to think that efficient AI would lower aggregate GPU demand.
Tmac
Adventurer
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Sorry that this isn’t purely on topic…
Does anyone have an investment bank contact on the west coast?
My biz touches about $700M in settlements a year, but we don’t handle the ACH. We have a big customer that wants us to start, but I need to find a bank partner. Local and regional banks aren’t interested, but apparently west coast banks would be based on feedback I’ve gotten from PE bros.
Any ideas?
Does anyone have an investment bank contact on the west coast?
My biz touches about $700M in settlements a year, but we don’t handle the ACH. We have a big customer that wants us to start, but I need to find a bank partner. Local and regional banks aren’t interested, but apparently west coast banks would be based on feedback I’ve gotten from PE bros.
Any ideas?
Gravel
Mr. Poopybutthole
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Kithani
Blackwing Lair Raider
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Hello sir it is I your long lost cousin Abubu Jabubu crown prince of Nigeriastan please forward the $700m in funds to my account and I will release unto you your $1700m inheritance of Tucobucks
Falstaff
Ahn'Qiraj Raider
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Tmac
Adventurer
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Captain Suave
Caesar si viveret, ad remum dareris.
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Tmac
Adventurer
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Blazin
Creative Title
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Yeah a forum full of millionaire college educated Gen Xers with 30yrs exp is dumb man, you should try reddit.
You can always tell who spends too much time in the politics thread.
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Mist
REEEEeyore
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Oops:
Hell, I'm dumb and still made it to a millionaire by just not spending money. My market gains only account for 110k because I am dumb.
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Tmac
Adventurer
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Captain Suave
Caesar si viveret, ad remum dareris.
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Touche, though I spend zero time there. My half-joking point was that even here 50% of what people post is bullshit.
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Blazin
Creative Title
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I don't think that's true, but I understand the skepticism
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Sanrith Descartes
You have insufficient privileges to reply here.
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Rangoth
Blackwing Lair Raider
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I disagree as well. I'm sure there are some false statements here, but as far as internet posting and stock market goes I'd say there is less bullshit here than almost anywhere else. Downside is that we are also a very macro discussion, it's rare to see some specific DD or whatever here. I try not to shit up this thread with my random speculative plays, but if you go to the shitposting thread I do post all my positions and my expectations/goals in taking them.
Shit, even in this thread I lost like 10k a few weeks ago on a SOFI play! In general we don't hide here.
Haus
I am Big Balls!
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HEY! I'm right here, I can hear you!
OTOH, This brings up an interesting question. What do we consider a "millionaire" these days? A million in total assets? A million net assets? A million in assets not counting your primary residence? I have a tier system, but curious as to what others think/consider....
My rankings...
Captain Suave
Caesar si viveret, ad remum dareris.
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Lambourne
Ahn'Qiraj Raider
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It's around $1 mil in assets excluding primary residence to be a high-net-worth individual status. It's $1.1m in liquid assets when an investment advisor has to start reporting to the SEC.
SEC is mostly interested in people that can invest substantially. Plenty of people that have a paid off house worth a million but don't have a high income or large investment portfolio.
My grandfather was like this, inherited the house he was born in his 20s and lived in it until he went to assisted living in his 80s. Had no education past elementary school and never held a high paying job (he was a technician for the phone company). Was a millionaire because of what the house was worth but had otherwise modest income and a very basic lifestyle.
As an aside, if you think you hate your extended family now, wait until there is a 7 figure inheritance at stake.
www.investopedia.com
SEC is mostly interested in people that can invest substantially. Plenty of people that have a paid off house worth a million but don't have a high income or large investment portfolio.
My grandfather was like this, inherited the house he was born in his 20s and lived in it until he went to assisted living in his 80s. Had no education past elementary school and never held a high paying job (he was a technician for the phone company). Was a millionaire because of what the house was worth but had otherwise modest income and a very basic lifestyle.
As an aside, if you think you hate your extended family now, wait until there is a 7 figure inheritance at stake.
High-Net-Worth Individual (HNWI): Criteria and Example
“High-net-worth individual” (HNWI) is a financial industry classification for a person with liquid assets above a certain threshold, typically $1 million.