I will renounce my US citizenship if Elon Musk can properly explain in conversation why I am more harmful to America than him.
One hour, one on one, poll decides winner.
If I win he goes back to South Africa.
JUST IN: Flight instructor jumps out of plane midair with no parachute after telling student, “You know what you have to do, carry on” — leaving her to land the aircraft safely alone.
My wife is mad because I refinanced into a new 30-year fixed at 6.8% and pulled equity out to put into stocks and gold. She watches Dave Ramsey every morning. Dave has, over four years, become the third adult in my marriage.
Last night she said “Dave says all debt is bad.” I said “Dave is wrong. The dollar loses 3% a year. If I borrow at 6.8% and inflation runs at 3.5%, my real cost of capital is 3.3%. I’m borrowing depreciating dollars to buy appreciating assets. This is arithmetic.” She said “you sound like a maniac.” I said “I sound like someone who has read a book that is not by Dave Ramsey.”
This was a mistake.
She said “the dollar has lost 96% of its value since 1913.” I said “the Federal Reserve was created in 1913.” She said “you cannot just keep saying 1913.” She left. She turned on Dave Ramsey.
Here is what nobody says clearly. The house I live in is worth double what it was fifteen years ago. The house did not become a better house. The dollar became a worse dollar. An ounce of gold bought a good men’s suit in 1925 and it buys one today. The suit did not change. The dollars multiplied by forty.
Every dollar of long fixed-rate debt at a rate below the rate of currency debasement is a short on the dollar. Every dollar deployed into a scarce asset is a long on the thing the dollar is measured against. You have constructed, at the household level, the trade every macro fund is running. The fund pays 2 and 20. You pay 6.8% fixed for 30 years on an instrument the government has been subsidizing since 1934. That is not reckless. That is literacy.
She came back. She said “and if you’re wrong?” I said “we still own a house, stocks, gold, and a mortgage fixed for thirty years at a rate that will look cheap in five. The trade is a grind. It is not a wipeout.”
She said “explain it again. Without the year 1913.” I did. She said “I still think you are a maniac.” I said “I am, but the specific kind pays off.” She turned off Dave Ramsey. She has not turned him off in four years.
The Fed is on, working the night shift, printing the dollars that are paying off my house for me. Long live the 30-year fixed.
@TuffFightClips I love how several people jumped in to stop it after the smaller guy put an end to it but they sat their asses there while the other guy was clearly starting it
@Marsupial_Gamer@SaltyCracker9 Under my plan, every borrower would be required to make a 1 time payment of 100% of the debt. In one month, every borrower will be out of debt. This follows your logic but is even better than Trumps plan because it gets people out of debt faster.
@SaltyCracker9 At that interest rate, her loan is accruing $788.84 in interest alone EVERY MONTH!
Under Biden, she'd be in more and more debt forever. The Trump administration gave her a better deal with lower interest so she'd eventually be out of debt.
These college loans are insane. 🤦♂️
I met my girlfriend and subsequently, a new friend group after moving to Florida. Got invited to the wedding of a very cool bro. Sat next to a dude that said he was fwb of the bride, I thought he was joking, asked my girlfriend wtf? She said she knew of 3 other dudes in attendance that regularly fucked her while she was with the groom. Tread carefully bros!
$MU
Micron will have an AMAZING blow out earnings coming up. Very excited to see it. However, if $MU breaks DOWN after earnings, I will be a huge buyer at MY key levels.
This could mirror $NVDA back in Feb 2025. They had an amazing key-note / earnings, that signaled a top. If this happens to $MU , I will be buying the dips to add to my position in my portfolio for the long-term.
Whatever happens, never be scared of red. Remember,
$MU is in many ETFs like S&P 500, QQQ, XLK - they will ALWAYS have buying pressure long-term from millions of passive investors every two weeks.
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For new investors, a few options here if you're getting started in your investing career
1. If you are up big YTD (more than 10%+), you can lump sum / buy in bulk on great names since you have a bit of cushion in case markets dump -5% or more in the near future
2. If you are just getting started or still cautious, you can buy slowly every day over the next 30 days until you are fully allocated
@mikebolen@zerohedge I can’t speak for everyone but I can speak for me. We’ve wanted a new house for a couple years but haven’t pulled the trigger due to our locked in 3.125 rate.
@zerohedge The "rate lock" narrative is such B.S. for anyone who follows the housing market. Low rate mortgages are burning off at similar rates to any other mortgage. There is no "rate lock" effect
If people feel comfortable, please share how many SPCX or SpaceX shares were allocated to you and how many you requested.
I'm seeing numbers all over the place from 1% allocation of what was asked to 25%.
Also, what are you planning on doing with the extra cash since you did not get all of the shares you asked for? $TSLA?
Thanks and best of luck.
SpaceX $SPCX allocation thoughts
It’s funny (and predictable) hearing that most people are only getting 1 share of their requested amount.
That makes perfect sense for the brokerages — give retail a tiny taste, let them fight over shares as it runs up on open, while the big institutions get their full allocations filled.
Then at the bell those few shares just bounce back and forth between retail traders until the institutions come in and suck all the life out of it.
I know this game is rigged, and it’s rarely in favor of us retail folks chatting away on here.
Still playing anyway.
Anyone else only getting 1 share or a tiny fraction of what you asked for?