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[Jack_Sparrow]

I vote yes on a recession. I consider a recession two quarters of negative growth. So atleast on paper i expect a recession. I don't think it will look...

[Jack_Sparrow]

Yea, who could have predicted Netflix which has already reached most mature markets, combined with the end of house lockdown and competition from maybe...

[Jack_Sparrow]

So I have inherited an IRA in 2021. Based on the current ruling as child of the original owner I have 10 years to withdraw the money. I can take it all...

[Jack_Sparrow]

I check 20 times a day. Well I leave a screen up with updates every couple of seconds so maybe more. Either way I don't see the harm in it. I've beaten...

[Jack_Sparrow]

25% is required to get a fannie mae loan. So anything less than 25% its going to be the home bank footing the bill. Who knows what rates they offer. I...

[Jack_Sparrow]

I use Schwabb and I don't have any problems. I also use TD ameritrade so the transfers are pretty easy....

[Jack_Sparrow]

I think they will extend the loans and make them payable starting Dec 1, 2022 or Jan 1, 2022....

[Jack_Sparrow]

1) Buying house during residency. It worked out great financials because of the housing boom in 2020, otherwise it would have been a dumpster fire. ...

[Jack_Sparrow]

I take it that is variable rate or fixed?...

[Jack_Sparrow]

We have a family beach home. It is nice, most of the family use it and everyone chips in a little here or there. Definitely don't break even on the house,...

[Jack_Sparrow]

I have never ever owned a bond and never really plan to buy a bond. Plan to be 100% equities until 53 or so unless I hit financial independence before...

[Jack_Sparrow]

Yep this is what I did. Use EBAY to google value of pokemon cards on seller market. But also remember if you estimate the card is low say $500 then you...

[Jack_Sparrow]

This what UVXY is for . But this is an excellent point about how environments change and how you always need to be adapting your strategy. Given me...

[Jack_Sparrow]

I did the same thing with my old pokemon cards. I sent in a Blastoise 1st edition. I do have a pokemon millionaire friend who reviewed it and thought...

[Jack_Sparrow]

You have to get your cards graded. Think like diamond industry, reputable grader. They are really back logged at the moment as well . It’s like 100...

[Jack_Sparrow]

I’m not going to get too carried away but here are some thoughts I’ve been seriously considering;

ive now got a nice nest egg so I can...

[Jack_Sparrow]

I kind of won the jackpot but not like Nysoz, but I did turn 29k and turn into close to 250k earlier this year with game stop. I'm 33 and only one year...

[Jack_Sparrow]

Season ticket holders get first chance to to buy the derby tickets if they want. They can buy the derby tickets for the seats they own season tickets...

[Jack_Sparrow]

I’m thinking it will be a Tuesday when it all goes south....

[Jack_Sparrow]

I'm even newer blood.

I'm about 88% in individual stocks/call (TSLA) options, with 12% in index funds. Id go 100% individual stocks but...

[Jack_Sparrow]

Split the difference, go 5% cash then go 5% leveraged 3x index, then 90% stocks....

[Jack_Sparrow]

I'm bullish ARKK. Also I've been betting a little on small caps and they are not doing well this year. I'm holding the course though. Everything is cyclical....

[Jack_Sparrow]

I feel like I can do anything I want just not everything I want. I don't see how you can get any richer than that. I can buy pretty much any car I want....

[Jack_Sparrow]

TSLA Condors for the win! Congrats on retiring early. This is a pretty valuable lesson I think. You were on target to hit fire in 15 years but took above...

[Jack_Sparrow]

I would highly recommend getting into individual stock picking and option plays in some capacity. If you couldn't care less about stocks and want to sit...

[Jack_Sparrow]

$1900 for 5k a month with 180 day waiting period, option to buy another 3k/month coverage....

[Jack_Sparrow]

Might change slightly if you are a surgeon or a psychiatrist. I have pretty much the same disability policy though. Looks good to me. Your policy is also...

[Jack_Sparrow]

I think places are going to run out of water so the new infrastructure to pull water from places with water is going to significantly increase peoples...

[Jack_Sparrow]

You could always try to hire your 7 year old as an artist and then hang up pictures they paint in the office....

[Jack_Sparrow]

Yep for anyone paying attention, the Doge coin rise was really predictable. To what level and how fast was it going to drop is the unknown....

[Jack_Sparrow]

My money is on China invades Taiwan, causing east vs west divide. Nobody actually does anything about it, but it creates a supply chain nightmare....

[Jack_Sparrow]

It won't pass at the level they proposed. I suspect they might get it up to 25-28% tax rate. I know the public won't care but something like this really...

[Jack_Sparrow]

Yes I concur. Can someone who is doing direct management of real estate start a solo 401k? Seems like you might find a way to add more tax shelter space...

[Jack_Sparrow]

I do expect some salary inflation.. but even if I didn't have salary inflation I still know paying off debt I know its locked in @ 3% so I'd rather invest...

[Jack_Sparrow]

This article makes a lot of sense given where we are today 4-12-21 in terms of not buying... But its hard to look out over the next 20-30 years and not...

[Jack_Sparrow]

Where does paying a mortgage fall in your 1/3 breakdown. Interest is consumption and principal is WAR?...

[Jack_Sparrow]

I refinanced my student loans in 2020 to 3%. I think I owe something like 30-40k, but could write a check today to pay them off. I am holding out for...

[Jack_Sparrow]

2011-MS1 +11,000 (Age 23)
2012-MS2 +19,000
2013-MS3 -62,000 (Got Married)
2014-MS4 -58,000
2015-PGY1 +37,000 (Inheritance)...

[Jack_Sparrow]

Don't forget retirement numbers is also a function of age. At 33, by the time I hope to retire in 25 years, I'm going to need 10 million, (which I'm predicting...

[Jack_Sparrow]

Wait so if inflation goes to the moon will TMF suffer big time? I don't understand how treasuries work.

FYI I just rebalanced the hedgefundie...

[Jack_Sparrow]

I've only really lived in LCOL or MCOL but my insurance always covers at least 50k more than the mortgage, to cover loss of personal property as well....

[Jack_Sparrow]

I've thought about this situation. I would move to Thailand.

There are a lot of westerners there like folks from Australia, who grab their...

[Jack_Sparrow]

I would not give or offer money to anyone but family, People are way to proud now days. People might accept money to not go homeless or starve, but for...

[Jack_Sparrow]

I had the exact same experience. The scrutiny was intense. This is why I think we are far away from a 2008 type crash unless somehow the pandemic worsen,...

[Jack_Sparrow]

If interest rates go from 4%---> for a 500k house monthly payment is ~$2400
If interest rates go to 3% ---> for a 570k house monthly payment...

[Jack_Sparrow]

The last 365 days was crazy good for finances in our household. Tops off to Nysoz for the help. Couldn't have had these gains without him.
...

[Jack_Sparrow]

Yes. I think you ready. I just bought my first rental property a month ago and I have far less assets than you do. I think real estate is a great hedge...

[Jack_Sparrow]

Would you be willing to put up with a year like March 2020 to April 2021 once every 10 years if you could get a 50% return. ...

[Jack_Sparrow]

OK I've sold some GME covered calls. What do you define as close to expiration? I.e. is that 1 week out of expiration, 2 weeks, 3 weeks?...

[Jack_Sparrow]

Assumption --> you stay 5 years.

Id go physician loan. That seems like an insignificant amount on the interest rate difference and you...

[Jack_Sparrow]

Glad to see your making money. I know your intro to option thread changed my life forever regarding how to play/sell these options. Its been free money....

[Jack_Sparrow]

I think if you break down supply and demand better further there are a lot of cases where this bubble can pop or not pop.

I don't think...

[Jack_Sparrow]

Don't you fear, a 200 --> 50 drop?

Xray - What broker do you use? Does TD allow naked call selling?...

[Jack_Sparrow]

Are you holding shares? I’d have a hard time holding shares just to sell options....

[Jack_Sparrow]

So does that mean there is a chance it doesn't go through? Ie. you might not be able to put 10,500 in your account after all? Does this apply to ever...

[Jack_Sparrow]

We are devout Christians. We elected to not move into together before marriage. (Wife moved in with Parents for a few months). The purpose of Christian...

[Jack_Sparrow]

For anyone who has followed GME on WSB for any amount of time, knows most of the post and comments are generally satire. In regards to the don't sell...

[Jack_Sparrow]

Don’t forget if you donate shares to your DAF you don’t have to pay the capital gains tax. So instead of selling $1000 worth of shares, paying taxes...

[Jack_Sparrow]

I’ll post my salary on say this website, I wouldn’t dream of telling a co-worker my salary ever. Never ever ever. If your paid a dollar more, they...

[Jack_Sparrow]

Id refinance now. Refinancing student loans takes all but an hour to fill out the paper work. I've done mine twice now. Started refinance at 10 years...

[Jack_Sparrow]

Id let it ride. I mean you are sitting on 11 stocks. That is somewhat diversified to prevent from say something other than typical market swings from...

[Jack_Sparrow]

This is my goal/plan. I'm actually 33 and I was 300k networth in January 21 before I won the lottery when I bought GME calls.

Now I'm 33...

[Jack_Sparrow]

Just my two cents. But seems like a over the top risk. I do crazy things like this all the time in small doses, but this one really underestimates your...

[Jack_Sparrow]

I would go tax deferred every time over the backdoor Roth. Take the tax savings money now and let it accrue to a higher retirement balance than your Roth...

[Jack_Sparrow]

Id cash out and refinance. Super low rates. If you can afford a 10 yr mortgage your not truly spending above your means. Also 200k renovation, like others...

[Jack_Sparrow]

I hopped back into Bitcoin back in the 39k - 44k. I think Bitcoin will end up dominating and keep rising. In 2018 I went to Thailand and you could pay...

[Jack_Sparrow]

I'm usually pretty happy if my portfolio doesn't fall by more than 3% in a single day, unfortunately I think i've had 10 days in the last month where...

[Jack_Sparrow]

Anyone still holding the HEDGEFUNDIE profile. I started it this year as an experiment and I've been getting destroyed. TMF seemed like it trends down...

[Jack_Sparrow]

I see this as being the only downside... but right now, we are in the ole buffet saying of "a monkey can throw a dart at the stock section and pick...

[Jack_Sparrow]

I'll play devils advocate, but I'd say I easily fit the model of this growing trend of "YOLO" traders. Buying individual stocks, alot of money...

[Jack_Sparrow]

I sell things from my taxable all the time to make big purchases or even small purchases. Usually do it to pay for vacations, boards, a little here and...

[Jack_Sparrow]

I think you should donate 10% of your gross salary no matter what. I believe if you do this.... the rest will fall into place. As it seems like it always...

[Jack_Sparrow]

Yes refinance loans and put more in 401k. Remember taxes are huge. Just do the math, Making 180k means your probably in the 22-24% bracket. Throw on state...

[Jack_Sparrow]

Maybe... maybe not. Don’t get me wrong the previous GME run up was a result of both retail investor and other hedge funds cannabilzing their own on...

[Jack_Sparrow]

These law suits and scare tactics are fear mongering at best. Its fairly safe to say a rise of the organized retail investor will fundamentally change...

[Jack_Sparrow]

My personal rule of thumb is..

<= 3.4% , I hold the debt because good hedge against inflation. (It also helps protect against lifestyle...

[Jack_Sparrow]

I would buy the safest care you can afford. The new safety features, automatic breaking is what I think to be the game changer and maybe the blind side...

[Jack_Sparrow]

After reaching out to my accountant. I am planning on using the safe harbor rules. Last year I was a resident, so I'll probably clear 110% of last year...

[Jack_Sparrow]

I think its just the beginning. I mean we are sitting on practically a 9-10 year bull market. In terms of the supply and demand. I'm sure the supply is...

[Jack_Sparrow]

I second the post COVID fatigue. I see it in my patients and experienced it personally when I got COVID. Not sure how other psychiatrist are doing, but...

[Jack_Sparrow]

Just personal opinion here but.. USA and international become more intertwined everyday, so ultimately I think the returns in 20 years will start to track...

[Jack_Sparrow]

I do agree with this. The momentum betting and option betting can be nice because you just buy the narrative and don't have to worry about fundamentals...

[Jack_Sparrow]

In your situation, buy a house to write off interest and make donations to charity. Maybe give two years worth in year 1, or start your own business....

[Jack_Sparrow]

In my friend investment circle here is generally the outcome.

Me - 9yr investor- put in 29k, made 212k profit. Up at one time to 436k profit...

[Jack_Sparrow]

48.9%

[Jack_Sparrow]

Id consider buying. Risk vs reward of course. With low rates and my prediction that inflation will take off, provides you a good chance you will make...

[Jack_Sparrow]

For me, Its way harder to navigate a booming economy. When the stock market drops 2-10% or so. My reaction is "YES!!! time to buy in if I have money...

[Jack_Sparrow]

I pulled the plug and sold everything @ 220. I do think the hedge funds all got together over the weekend and drove it down. With the big drop Friday,...

[Jack_Sparrow]

I think people underestimate the potential here. So far Ive invested 29k in game stop and and I've pulled 230k in cash out already and another 100k still...

[Jack_Sparrow]

They seems to be going for AMC and BB next...

[Jack_Sparrow]

Its been a great stock, best purchase of my life. Alot of people think the big squeeze is coming on Friday. Today Td Ameritrade was not letting me exercise...

[Jack_Sparrow]

So what's everybodys moves today? I'm going to sell 1/3 of my GME calls at Share price of 105, 1/3 of calls if it hits 150 again, then hold 1/3 of my...

[Jack_Sparrow]

Maybe I am crazy, but I think your seeing a major shift in how the market is done. For one thing people are stuck at home and have more time to learn...

[Jack_Sparrow]

Just speculating here. but Friday is when all the calls and weekly end. Last Friday the highest price call was 60C, so everything finished in the money....

[Jack_Sparrow]

I'm not sure what this means. I'm open to suggestions. This is my first time buying options. I've just been buying OTM calls. I've got all my limits for...

[Jack_Sparrow]

Also I must be too old @ 33 to get the WSB lingo. What are tendies and why does everyone reference their wives boyfriend?...

[Jack_Sparrow]

Been selling and buying on/off today. Put 13k in, broke even around the morning bell, So far have locked in 33k profit, and still have 16 calls in play...

[Jack_Sparrow]

I’m taking another 25% of my emergency fund and buying the cheapest calls OTM and going to wait for the spike. When shares clear on Tuesday, stock is...

[Jack_Sparrow]

Well if I'm being honest. I've never really understood options and just assumed id lose my shirt until I read this thread. I literally had no idea what...

[Jack_Sparrow]

Excellent, Its a good start. But the short squeeze is going to happen next Friday so you sold too early. I'm going to sell half when the shares hit $100...