Investing General Discussion

Borzak

Borzak

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Jackie Treehorn said:
Great job Biden tanking the market with talk of more taxes.
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Part of the plan. This will help with offshoring money and other things obviously. I hate to use the term trickle down, but it does. While we're at it let's make the tax code a 1,000 times more complicated and everyone looking for a tax shelter, like it used to be.
 
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Big Phoenix

Big Phoenix

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grumblethorn said:
so is this a buy more AMD post?!
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k3Akdy0.gif
 
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LachiusTZ

LachiusTZ

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Someone remind us to buy Intel in a few years, when it's a complete dog and nobody will touch it
 
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Sanrith Descartes

Sanrith Descartes

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Gravel said:
That's what happened from just the MENTION of raising them. Imagine what actually doing it would do to the market.
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It was almost all algo driven, at least from the start. Humans read the headline and saw it say "retroactive" and said fuck it, selling now don't matter.
 
Khane

Khane

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Headlines cause short movements. Then the people that tax would actually make a difference for, would buy the dip.

People who make over $1m/yr. Everyone panic!
 
Furry

Furry

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Khane said:
Headlines cause short movements. Then the people that tax would actually make a difference for, would buy the dip.

People who make over $1m/yr. Everyone panic!
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Phase two is to pump inflation until we all qualify.
 
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Sanrith Descartes

Sanrith Descartes

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KMB - Misses and lowers guidance.
Expect more of this in the coming weeks. Companies dependent on supply chains getting hurt on earnings last quarter while SAAS companies and other tech companies not so dependent crush earnings.

 
Sanrith Descartes

Sanrith Descartes

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COIN hit an overnight low of about $278 just after 4am. Slowly crawled back to about $287 with a huge up/down swing at the 8am open. I personally think they are too dependent on trading fees (which will only come down as more competition enters the market) for a long term hold, but it might still have some good value as a swing trade in the near term.
 
Tmac

Tmac

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Sanrith Descartes said:
You got a half a million dollar SBA loan that didnt have a specified purpose?
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Yup. Makes absolutely zero sense doesn't it? And suddenly car, housing, and lumber markets begin to make sense.

I'm already trying to figure out what this means for the economy in 10 years and plan ahead.
 
Tmac

Tmac

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LachiusTZ said:
Desire to know more. Gif
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SBA offered instant 3% loans during COVID. Literally all I had to do was drag a bar from $0 - $150,000 and I got free money in my account in two days.

A week ago the SBA sent out another email saying that they’ve increased loan amounts to $500,000 and that anyone who got one before could reapply. Any loan under $200,000 doesn’t even need collateral or guarantors. Loans above $200,000 just need guarantors, but still don’t require collateral. Loans above $500,000 require collateral, lol.

So, what do I do? I drag the little scroll bar up to the top again. I guess I’ll hear back within a few days on whether we got approved or not. But, given the volume of loans they’re giving out I doubt they’re doing any due diligence.

Clown world for sure. There are going to be so many bankruptcies over the next decade.

In other news the USFS approved a pilot of our system and will prob be launching in the coming months, so I’m not worried about taking on debt.
 
Furry

Furry

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Tmac said:
SBA offered instant 3% loans during COVID. Literally all I had to do was drag a bar from $0 - $150,000 and I got free money in my account in two days.
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I'd doubt you, but that's how I qualified for a house under the clinton-bush transition. I literally just walked into a bank and said I want a house and they figured out the rest.
 
LachiusTZ

LachiusTZ

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Tmac said:
SBA offered instant 3% loans during COVID. Literally all I had to do was drag a bar from $0 - $150,000 and I got free money in my account in two days.

A week ago the SBA sent out another email saying that they’ve increased loan amounts to $500,000 and that anyone who got one before could reapply. Any loan under $200,000 doesn’t even need collateral or guarantors. Loans above $200,000 just need guarantors, but still don’t require collateral. Loans above $500,000 require collateral, lol.

So, what do I do? I drag the little scroll bar up to the top again. I guess I’ll hear back within a few days on whether we got approved or not. But, given the volume of loans they’re giving out I doubt they’re doing any due diligence.

Clown world for sure. There are going to be so many bankruptcies over the next decade.

In other news the USFS approved a pilot of our system and will prob be launching in the coming months, so I’m not worried about taking on debt.
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I'm white, and not uneducated, so, it would prolly have ended with me in prison.

But if less scrupulous person, could have gotten it and just invested it, which I'm sure a ton of people did.

Or taken it to a casino.

I've had this weird notion there might be a legitimate debt jubilee
 
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