Talking stocks, trading, and investing in general

[jcman311]

?

 

[HRoi]

One of the benefits of being a salaryman at a Fortune 50 is that i never have to worry about being in either situation

 

[UnFacconable]

I think if I play things just right, I could potentially get to a place in my career where I will have missed a big opportunity to cash in.

In all seriousness though, I like to think by failing to grab that brass ring I'm slightly reducing the chances my kids turn out awful.

PS. I've narrowed HRoi's employer down to Cigna or MetLife. Maybe Centene.

 

[Omega Male]

Cash in and hire everyone in the family their own therapist. This is the SF way.

 

[Texasmade]

Can I borrow 4 figures? It’s not a lot compared to the 8 you neither gained or lost. I’ll pay you back in SF likes.

 

[UnFacconable]

Cash in and hire everyone in the family their own therapist. This is the SF way.

It's definitely going to be a growth industry after what this country has been through the past few years. That said, I prefer to wallow in the soft bigotry of my own low expectations.

Can I borrow 4 figures? It’s not a lot compared to the 8 you neither gained or lost. I’ll pay you back in SF likes.

My kids may have some action figures to spare. All my cash is currently tied up in paying a nanny to watch them go to private school via zoom.

Which reminds me of something funny I heard. My friend's public elementary school is going to be remote. But the district has an "aftercare" program which you can pay $2k per month to have people monitor your kids and help them with their remote sessions and school work. And the "aftercare" is during school hours ... at the public school. So you pay $2k per month to send your kids to their public school where they will attend school remotely, surrounded by other kids. American exceptionalism!

 

[brokencycle]

Can I borrow 4 figures? It’s not a lot compared to the 8 you neither gained or lost. I’ll pay you back in SF likes.

You're not foolin' anyone. That's half.

 

[Omega Male]

Dollar dollar bill y'all.

 

[Omega Male]

Just a reminder that we are all utter plebs.

We Asked the Experts: Exactly How Much Money Do You Need To Be Happy?

Turns out money can buy happiness. We did the math.

www.townandcountrymag.com

One pain point for today’s wealthy, says New York Observer columnist Richard Kirshenbaum, author of Isn’t That Rich? Life Among the 1%, is other people with money. “I call it billionaire buzzkill,” he says. “Basically, millionaires have been depositioned by a small group of extremely wealthy people, and they now feel inadequate. The billionaires are ruining the fun for everyone else.”

Wendy Sarasohn hears it all the time: “It’s classic. Anyone who has it all will always name someone who has more.”

Given the above considerations, what figure do our experts arrive at? “The number that pops into my head is $100 million,” Sarasohn says. “My daughter [Jamie Sarasohn Joseph, also a broker at Brown Harris Stevens] says $50 million, but I think that’s because she’s still young.”

Kirshenbaum defers to the subjects of his columns. “I want to make clear that this is not my opinion but that of the billionaires I have written about. They view $100 million as the starting point for real money. They call it a hundy. Like, ‘Oh, they made it, they have a hundy.’”

 

[brokencycle]

Just a reminder that we are all utter plebs.

We Asked the Experts: Exactly How Much Money Do You Need To Be Happy?

Turns out money can buy happiness. We did the math.

www.townandcountrymag.com

That's cute, I don't think anyone has made it until they're at a real hundy - $100B

 

[Piobaire]

 

[Omega Male]

I'll settle for a handy right now.

 

[beargonefishing]

Next level.

In the middle of this spree, Karfunkel, a major investor in Kodak, and his wife, Renee, donated those 3 million shares to an entity called Congregation Chemdas Yisroel, according to an SEC filing. They did so on July 29, the day the stock price hit $60, so those shares could have been worth as much as $180 million at the time of the gift. If the donation was executed at the end of the trading day, its value would have been $99.6 million. Given that Congregation Chemdas Yisroel is registered as a tax-exempt religious organization, the Karfunkels will be able to claim this donation as a tax deduction. That means they could pocket a deduction between $52.5 million and $180 million for a bloc of stocks that two days earlier was worth $6.39 million. (The donation also lowered the Karfunkels’ holdings in Kodak to 4.4 percent—which is below the 5 percent threshold that requires investors in a publicly traded company to report their stock transactions.)

 

[Piobaire]

So I'm about 1/3 in cash. I know I need to trim down to just a year's worth of expenses and get the rest into the market but I just can't make myself do it. I keep telling myself I need to see who wins on Nov 3. Is anyone else feeling they're too heavy in cash and afraid to deploy it?

 

[Joytropics]

Why it’s still worth paying for college.

View attachment 1437868

This mindset is a disaster.

1. It’s correlation not causation. Wealthy high status people are more likely to go to college, and more likely to be employed. But the two aren’t necessarily related.

2. It reflects legacy jobs, sinecures and positions held by aging boomers who entered the workplace 50 years ago. That job market has very little to do with our current job market, and will have almost nothing to do with the future job market.

Im proud to say I’m not saving a single penny to send kids to college. I can’t think of a worse thing to do with my money than a 529.