Steve

@Nick_SMHS @MercuriusFilius Why would you subtract 100?

@MercuriusFilius (1600 - 1300) - (1300 - 1200) + (1200 - 900) = $500 profit

How would you answer this common BlackRock interview question?

@trmcloughlin @SchweickeFund @MercuriusFilius How would you calculate their tax? Assuming you don’t have any information about other additional capital gains/ordinary income to derive an effective rate from. Also, how would you know if it was STCG or LTCG?

@SchweickeFund @MercuriusFilius I guess we can ignore taxes…

@PolarizingLit @DataDInvesting @FluentInFinance Not hardly, spend nearly that per child on tuition alone.

@DataDInvesting @FluentInFinance lolol right these are like prestigious private school numbers

JUST IN: The cost of raising a child now costs over $303,000, a +27.8% increase since 2023. When having children becomes a financial decision, that’s a crisis.

@cptgrumpus @mdudas Capital losses only offset capital gains. They are not treated the same as ordinary/passive losses. However as you stated, they can be carry forward indefinitely.

@mdudas Oh no no You get $3k no matter what! that means I have 150 more years to recover from the 2021 collapse IRS doesn’t even want to audit me they feel bad. They know what I did

@maxnotfr @himgajria Dangerous message, speaking like 15% is the risk-free rate.

@himgajria you can’t “play it safe” if you have less than like at least 7 figures you have to take risks

I cringe when I hear people say “warren buffet generates 15% annually so I can get where he’s at if I do the same”. He was generating triple digits in his early years to be able to get to a size where he can only generate 15% and be fine with it.

@StonksIsGood @FPasselli94 Well I’d assume it included state as they are paid at the same time and didn’t specify. You understand by receiving a 1099-NEC she would be subject to an additional 15.3% for self employment income? In addition to ordinary income rates.

@SteveRipper1 @FPasselli94 I guess if you're including state, but still. Paid the max in taxes lol

Fire her CPA

@FPasselli94 Am I crazy for thinking 38% across state and federal is reasonable? Given she has to pay SE tax.

@StonksIsGood @FPasselli94 She will have to file a schedule C and pay SE tax. 39.80% across fed and state isn’t terrible.

@FPasselli94 39.80% effective tax rate. Yeah that's bad when you're getting a 1099 where you can write stuff off.

@Jetson_Dad @DividendRob Respectfully, how else would you like the structure to work? You are simply paying interest on the amount of money that someone still has out. The reason interest seems to be higher in the beginning is simply because more money hasn’t made its way back to the lender.

@SteveRipper1 @DividendRob I don’t like that the structure pays 90% of the interest the first 10-12 years before you make much of any dent in the principal.

I’ve paid $107,000 towards my mortgage since I bought my house in 2020. My principal has gone down by only $27,000. Interest and taxes SUCK

@MBAeconomics1 Nothing says the petrodollar is dead like oil exports up over 500% MoM.

As an American citizen, i dont care if Iran has a nuclear weapon. The petrodollar is dead, we’re leaving NATO, Americans want to defund Ukraine and Israel. If Iran has a nuke it is most definitely not America’s problem. Its not worth me paying $5.00+ a gallon for gas, surely.

@Jetson_Dad @DividendRob What’s wrong with a 30 year? You can pay as much as you’d like.

@DividendRob Property tax is such a scam. So is the 30 year mortgage.

@antibearthesis That’s not how any of this works, there is a reason software took a hit. The concern is these companies have minimal moat, given you believe in AI and its trajectory. On the hardware side of things, all is sunshine and rainbows.

The S&P 500 is 2% off all time highs While tech stocks are down 50% THIS IS THE TIME TO BUY INDIVIDUAL STOCKS NOT INDEX FUNDS

@wave3trades @antibearthesis Unless we are talking about small caps there is not a company mispriced by 50%

@antibearthesis This is facts Sometime's you'll see divergences like this and you should take full advantage A lot of great companies are down over 50%

@Basssem666 @JohnLoc18 You aren’t taking $300 to $100k with risk management.

@JohnLoc18 John, you made it before from $300 to over $100k. You will make it back but this time work on your sizing and risk management. It’s going to be okay my friend, stay strong please!

I don’t know what to do man, sorry I’ll delete later.

@lukebelmar I have a financial terminal that is nearing completion. Would love to work with you! Currently developing using SEC EDGAR data but was built in such a way I can use any of the major data sources.

i'd like to pay someone to vibe code a financial tracking site to disrupt a big company that is overcharging for financial data. DM me if you can vibe code with excellence. we will build an agentic team to operate the platform. Paid Job ✍️

@Nostre_damus Caught in a long?

Iran will only let 10-15 ships per day pass the strait of Hormuz during the 2 week ceasefire currently 15-20 ships per day pass the strait before the war, 150 ships per day passed this is not bearish oil

@fortuneforest @Rajatsoni @theficouple I’d be curious to what you’re referring to!

@Rajatsoni @theficouple I know some safe 16%, sad you're a CFA and dont.

Our friend bought a car for $95,000: Financed it at 4.9% for 72 months & total payment is $1,150/mo. Instead of paying cash, they invested in a fund that pays ~16% interest. They will use interest from the fund to cover the ~$14,000/yr payment. ...Would you do the same!?

@Beepboppenal @Jeremybtc $15m per individual, this applies to very very few. Pushing whole life on people is blasphemous. Not to mention the annuities that tend to be pushed alongside the policies.

@Jeremybtc Whole life can make a ton of sense if you’re an ultra high income earner tbh. Life insurance also isn’t subject to estate tax so if you’re leaving your kids 10+mil it’s a loophole product.

A whole life insurance policy for a healthy 30 year old costs $440 a month. A term life policy with the exact same $500,000 coverage costs $21 a month. That's a $419 difference every month. If you bought the term policy and invested that $419 difference into an S&P 500 index fund from age 30 to 65, you'd have over $1.6 million sitting in your account. And your family is still fully covered the entire time. Whole life insurance is a scam.

@TheNolanGore Hi Nolan, I am an aspiring entrepreneur and have developed a B2B software for lawn care professionals such as yourself. Would love to get into contact and work with you. At the very least, I would love your input regarding the application. It won’t allow me to dm you. Thanks

A customer won't pay - won't respond. Should I drive to knock on the door? I run a residential landscaping company. It's $357. Let it go?

@benwill22487368 @thegingerrrrrr @EricLDaugh I think the concern is its proximity to the mainland.

@thegingerrrrrr @EricLDaugh throw IRGC off or kill IRGC off on these islands and they can't be defended. Iran losses all oil revenues -- and also loose these islands if they keep FA. That move is CHECK MATE.

🚨 JUST IN: President Trump drops bad*ss footage of tonight's HISTORIC, overwhelming bombing campaign against Iran's Kharg Island — a crucial location for Iranian oil Total destruction 🔥 If Iran keeps screwing around, the OIL INFRASTRUCTURE could be obliterated next.