Finance Advice Thread

[QUOTE=falc39;14208276]Too bad there isn't a private message option (Jeff?). Then again, I'm not sure why you only want to discuss this privately and with me of all people. I'm not really a die-hard crypto person nor am I invested anymore. You probably would get more discussing details with people who are more invested or more knowledgeable.[/QUOTE]


Sadly I dont think Warden Jeffrey is ever bringin back PMs after that “BTE” posse exodus. He’s holdin us hostage forever.

But tbh I didnt mean I was singling you out to discuss the issue with.

I just meant that if you were curious to hear some off-the-record opinion on the issue, maybe we could barter an ebook purchase for some outside perspective, either thru an exchange of dummy email addresses or etc

I mean, come on... a book AND my trademark lucid insights, for 10 bucks?

Treat yourself this Christmas.


:crazysam:

[QUOTE=falc39;14208276]Too bad there isn't a private message option (Jeff?). Then again, I'm not sure why you only want to discuss this privately and with me of all people. I'm not really a die-hard crypto person nor am I invested anymore. You probably would get more discussing details with people who are more invested or more knowledgeable.[/QUOTE]
Sadge. Was wishing of having a premium membership in this site also but to no avail. :(

[QUOTE=~primetime~;14200702]AirBnB now public

opened at $68 looks like...it's already at $145

I'm going to let the dust settle on this before I consider[/QUOTE]
Airbnb is like the wild west right now. I'm assuming cities are going to start putting heavier restriction on it because a majority of people don't want to be next door neighbor to a revolving door and some instances a party house.

I won’t lie. I am now super rich and crunk.

Merry Christmas, I wish everyone the best on the site and keep on grinding.

I started from nothing, immigrant parents. Anyone can make it

I've been doing some research on business credit cards, I lose ~2.7% on merchant fees with the square and am trying to recoup atleast part of my cost of goods.

Ended up applying for Spark 2%. I end up spending roughly 30k on goods so with fees etc. I get back 500 bucks annually. I'll have to see what other expenses I can put on this card to maximize the benefit.

For personal use my wife has BoA which gets 3% on fuel and groceries which has been pretty good. Both our cars take premium so to save 10c on each gallon adds up throughout the year.

[QUOTE=macmac;14212442]I won’t lie. I am now super rich and crunk.

Merry Christmas, I wish everyone the best on the site and keep on grinding.

I started from nothing, immigrant parents. Anyone can make it[/QUOTE]

This sounds like a get rich quick commercial. Maybe you should do seminars where you charge guests $2500 a pop

Should I cash out of crypto now?

I put a measly ~$200 into BTC/LTC/ETH a few years ago. It peaked at like $2,200 at the beginning of 2018 but I foolishly didn't sell any. Now it's back up to like $1,300. I should cash it all out and move it to stocks, right?

Although I'll have to pay capital gains tax... hmm.

[QUOTE=Raymone;14217150]Should I cash out of crypto now?

I put a measly ~$200 into BTC/LTC/ETH a few years ago. It peaked at like $2,200 at the beginning of 2018 but I foolishly didn't sell any. Now it's back up to like $1,300. I should cash it all out and move it to stocks, right?

Although I'll have to pay capital gains tax... hmm.[/QUOTE]

It's only just went to a bit coin bull period. I'm hoping for an alt/bitcoin bull run to put all my altcoins into bitcoin

DOW about to hit 31,000 :eek:

all bank stocks booming...hope someone out there listened to me...they were on sale, now theyre not


vaccine making the rounds

unemployment shrinking

recovery in sight

ROARING 20s coming

[QUOTE=~primetime~;14220364]DOW about to hit 31,000 :eek:

all bank stocks booming...hope someone out there listened to me...they were on sale, now theyre not


vaccine making the rounds

unemployment shrinking

recovery in sight

ROARING 20s coming[/QUOTE]

Lol. That’s called a devaluation of the dollar you clueless dipshit. Not a ****ing roaring economy LMAO.

[QUOTE=Shogon;14220370]Lol. That’s called a devaluation of the dollar you clueless dipshit. Not a ****ing roaring economy LMAO.[/QUOTE]
It's your loss...I'm already "roaring" so can't tell me I'm off here...my dollars are still valuable

The economy is on the verge of an explosion...as covid vanishes and trillions were dumped on us, it's going to have a big effect...we are going to see some MASSIVE spending...especially in travel...and with spending comes hiring.

There will be some inflation to come sure but for those who own things (stocks, homes, any real estate, BTC, anything at all worth value) will see their wealth increase a great deal...I already have

Home owners are going to make out big...as the value of their homes increase while their mortgage payments stays the same

The wealth gap will increase (already has)...those who own nothing will be left behind....I'll give you that...and that will likely need fixing

I've seen some instances in the real estate market that remind me of 2006 and it kind of worries me. Anecdotal, but people qualifying for loans that they shouldn't be. Zero down, riddled with debt, etc.

Housing prices have been skyrocketing. Big sellers market since covid. Good luck getting your offer accepted if it's not substantially above asking price.

[QUOTE=Raymone;14220401]I've seen some instances in the real estate market that remind me of 2006 and it kind of worries me. Anecdotal, but people qualifying for loans that they shouldn't be. Zero down, riddled with debt, etc.

Housing prices have been skyrocketing. Big sellers market since covid. Good luck getting your offer accepted if it's not substantially above asking price.[/QUOTE]

Depends on where and what you're looking for. From the money I'll be saving refinancing I am considering looking at a few acres in West Virginia or North Western Virginia for a cabin. Low demand out there and exceptional loan rates make it a good time to buy.

[QUOTE=Raymone;14220401]I've seen some instances in the real estate market that remind me of 2006 and it kind of worries me. Anecdotal, but people qualifying for loans that they shouldn't be. Zero down, riddled with debt, etc.

Housing prices have been skyrocketing. Big sellers market since covid. Good luck getting your offer accepted if it's not substantially above asking price.[/QUOTE]

The drive up in real estate in the early 2000s was due to bad government policy that encouraged banks to hand out predatory loans to ignorant and greedy consumers.

The drive up in real estate now is a result of capital desperately trying to flee to safe haven assets and a devaluation of the US dollar. You could probably couple in with that the fact that a lot of people have fled major cities this year because of COVID which drove up demand.

They are not the same situation at all.

If the price of housing in the US plummets it'll be because there are a ton of delinquent home loans that have been allowed to continue on because of government intervention prohibiting evictions as a result of COVID. In other words, when the eviction ban lifts, if a ton of people then get evicted, you could see a dip in housing cost... but it won't be anything like 2008 I don't believe. Anyone got the numbers on delinquent home loans at present?

If there isn't some insane eviction wave, housing will continue to go up and up, just like the stock market. Virtually all assets are skyrocketing because...

[url]https://brrr.money/[/url]

Bitcoin stocks will drop for the remaining days of trump's term :ohwell: