Talking stocks, trading, and investing in general

[HRoi]

On the other hand, the three year retention award I received in company stock is also worth about 3/4 what it was at the time of the award, so it's not all cake and balloons at the gnatty8 household

So just stay for 2.25 years?

 

[gnatty8]

Just drink some bourbon to numb your pain

Roger that

 

[gnatty8]

So just stay for 2.25 years?

 

[Omega Male]

 

[UnFacconable]

Let’s be real Barry. The US has $30T in debt (and growing) which is about 7-8x our annual tax haul. At 3%, that’s $1T per year which is almost 1/4 of our federal revenue.

The question is when, not if, we go back to ~zero overnight rates. Unless we can magically wipe away our national debt (is that one of the things the president can do just by thinking it??), sustained interest rates will do a doozy on our economy.

 

[Hombre Secreto]

Well, this settles it. Not selling in November 2021 was a mistake. 🤷‍♂️

 

[venividivicibj]

Unless we can magically wipe away our national debt (is that one of the things the president can do just by thinking it??),

Mint the coin!

 

[brokencycle]

Let’s be real Barry. The US has $30T in debt (and growing) which is about 7-8x our annual tax haul. At 3%, that’s $1T per year which is almost 1/4 of our federal revenue.

The question is when, not if, we go back to ~zero overnight rates. Unless we can magically wipe away our national debt (is that one of the things the president can do just by thinking it??), sustained interest rates will do a doozy on our economy.

Or let's just not post market interest rates on givens bonds. The dollar is getting so much stronger than a lot of other currencies. People will still flock to it for the store in value.

 

[nootje]

Let’s be real Barry. The US has $30T in debt (and growing) which is about 7-8x our annual tax haul. At 3%, that’s $1T per year which is almost 1/4 of our federal revenue.

The question is when, not if, we go back to ~zero overnight rates. Unless we can magically wipe away our national debt (is that one of the things the president can do just by thinking it??), sustained interest rates will do a doozy on our economy.

You might want to read up on the concept of financial repression.

 

[Verve]

Anyone have a recommendation on which credit card you use when buying foreign merch? I’m in the US, and plan on buying stuff online from England. My Citi customer service rep lied last year when he said there were no foreign transaction/conversion fees. I plan on buying around Black Friday, so I have time.

 

[Hombre Secreto]

Anyone have a recommendation on which credit card you use when buying foreign merch? I’m in the US, and plan on buying stuff online from England. My Citi customer service rep lied last year when he said there were no foreign transaction/conversion fees. I plan on buying around Black Friday, so I have time.

I have Capitol One, Amex, and Chase business cards that don't charge foreign fees. Been buying a shitload of stuff from Italy, and the UK recently due to the dollar kicking ass. The Discover card might not charge fees, but I never used it for international.

 

[Verve]

I have Capitol One, Amex, and Chase business cards that don't charge foreign fees. Been buying a shitload of stuff from Italy, and the UK recently due to the dollar kicking ass. The Discover card might not charge fees, but I never used it for international.

Thanks for the response! I don’t run my own business per se. Any recommendations on the personal side? I guess I’ll look at Chase. Thanks again!

 

[ValidusLA]

Thanks for the response! I don’t run my own business per se. Any recommendations on the personal side? I guess I’ll look at Chase. Thanks again!

The Chase Preferred is a good no foreign fee cards. Combine with a Chase Freedom for general spending and points combine.

Chase Reserve is better than Preffered for point redemption and earn, but has a hefty yearly fee.

 

[Hombre Secreto]

Thanks for the response! I don’t run my own business per se. Any recommendations on the personal side? I guess I’ll look at Chase. Thanks again!

Again, I think the Discover card doesn't charge fees. Call them up. You do have other non-business cards, but they have annual fees. Be aware that if you apply for too many cards, your credit score will drop immediately, and you will start getting declined for every card because the bots will see you as being a risk that's desperate for cash. Also don't mention you make more than 100k, or they might not auto-approve you, and will ask you to provide documentation.

If you don't get the Discover card go with the Citi Double Cash card. Gives 2 points for every dollar, so that would help with foreign transaction fees. Citi has a $200 bonus right now. That should help offset any fees.

Citi Double Cash | Cash Back Credit Card

citicards.citi.com

Does Discover Have Foreign Transaction Fees?

Discover® has no foreign transaction fee, so you won’t pay a foreign transaction fee when you use your Discover® Card internationally. See terms.

www.discover.com

 

[Omega Male]