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Economy stonks v18, stimutacs

kahiljabroni said:
So go to 100% cash now in anticipation of Biden crashing the market? Most people that invest have the majority of their wealth currently invested.
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My entire 401k is sitting in treasury bills. Let’s see what happens...
 
kahiljabroni said:
So go to 100% cash now in anticipation of Biden crashing the market? Most people that invest have the majority of their wealth currently invested.
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The little guy has less tax implication so if they have reach LTG threshold, yeah taking some cheese off the table isn't a problem.
The super rich will bitch about it either way and I don't mind overpriced stocks getting punished.
This did almost nothing to normal stocks today.
 
brackis1 said:
you make more than a mill a year off cap gains?

I am still aspiring to make this a problem I care about.
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Depends, how much will the $MVIS buyout be.
R541d3412c166a352c0b69489e3687ee8
 
brackis1 said:
Which would make for a great time to buy.

I have zero remorse for anyone in the poker game of trading paper stakes of other people's labor.
Anything down from here isn't a tragedy given the 12 month gravy train.
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i'd agree with that... and/but that i already paid my ~37% on 2020's gravy train.
 
lol my call on bitcoin was exactly right, run into coinbase ipo then bleed and get shook by regulation.

Surprised the markets arent down with it.
 
brackis1 said:
The little guy has less tax implication so if they have reach LTG threshold, yeah taking some cheese off the table isn't a problem.
The super rich will bitch about it either way and I don't mind overpriced stocks getting punished.
This did almost nothing to normal stocks today.
Click to expand...


I'm not saying the little guy will get taxed higher although they might...im saying they'll get hurt when their holding are decimated from the whales liquidating
 
kahiljabroni said:
No but what happens when everyone that does decides to dump their shares before the law changes?
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And instead place their money in cash accounts or bonds earning dick?

It's good long term, this is a dip to buy imo, but like always just a matter of when.
 
kahiljabroni said:
You might. The rest of the nation's 401ks get decimated....retail investors decimated...long term investors decimated. Overall interest in stock market investing...decimated.
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Decimated is a Roman military term where they had to kill 1/10 of each unit for some dishonour.

Anyway a 10% drop us back to January levels on the NASDAQ.
 
Just got stopped out of INO at $8 and it’s down in the mid $6s... DOD pulled the funding for phase 3 on their Covid vaccine. I can’t say I’m surprised considering their management team was an absolute joke but it’s pretty disappointing since the science is actually there. Looks like I have some walking around money but now my portfolio feels light.
 
HeffDoesWant said:
Damn why?

What's your thinking?
Been there long?
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I’ve been there a good bit. Everything is over valued to fuck. P/Es are comical if any. A reset has to happen but the market hasn’t stopped. A big excuse is needed, this could be it.
 
AMD. lmao @ thinking it was losing market share to intc. hopefully it goes back to the 90's now.
 
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