Daniel

@profstonge It should be financially disadvantageous to own a home other than your primary residence. All tax deductions should be only allowed on a primary residence full stop.

Almost 1 in 5 seniors has a second home while 2/3 of married couple in their 20's are stuck renting 😬

@Polymarket Where can I join the class action?!

JUST IN: Costco fights class action lawsuit claiming it must return tariff refunds to customers, arguing shoppers “got what they paid for.”

@BlackEdgeFund Dave Ramsey is going to lose big because he is a fat boomer working for idiot boomers

A caller asks Dave Ramsey what to do with required minimum distributions from his 401k that he doesn't need. His gut tells him to invest in gold. Dave's response is immediate and emphatic: "No, no, no, no, we don't put anything in gold." His reasoning starts with the math. "Gold is much more volatile. If you look at the price of gold on a chart, it's way up and way down, much more than the stock market is. It is a lot riskier, and it does not yield a good net return; the average annual rate of return on gold sucks." But Dave doesn't stop at performance. He wants to explain "why" gold underperforms. And this is where the conversation gets interesting. "Gold is a commodity; it's a rock that is yellow." He explains that commodities, whether barrels of oil, precious metals, or corn, are all traded 100% based on people's perception of shortage. If the perception is that there's too much of it, the price goes down. Compare that to a real investment: "An investment that creates revenue is a company that's running and making a profit, like Home Depot, Microsoft, or Apple. Their stock goes up because they are creating revenue. Gold, corn, and oil do not create revenue; they only trade based on scarcity and the psychology of the marketplace, greed and fear." In other words, when gold prices rise, the gold itself hasn't become more valuable. Dave puts it plainly: "If a whole bunch of people rush towards gold, it creates a shortage and the price goes up, but the gold did not become more valuable, just more people were chasing fewer bars." He extends the logic to income-producing real estate, which is priced based on the income it creates, not because it's a "golden rock." And he takes a swipe at diamonds while he's at it: "Diamonds are not necessarily a girl's best friend; that is a marketing slogan. Diamonds do not go up in value; there is no actual investment return on them." Then Dave addresses the headlines designed to scare people into gold, stories about the dollar being threatened by China, Russia, or Brazil: "You can't run to gold because there is nothing magical about it." His geopolitical take is sharp: "While Russia and Brazil are large landmasses, they are not large economies. Texas has a larger gross domestic production than Brazil; Texas is a bigger economy. These countries are going to have to do business with the '800-pound gorilla,' and we do business in dollars, so they are still going to be at our mercy." His advice to the caller? Pull the required distribution out of the 401k as the law demands, and move it into good mutual funds in the process.

@Polymarket This is the way

JUST IN: New Zealand announces it will cut 14% of public service jobs over the next four years to save money.

@InsiderWire It should be financially dis-advantageous to own more than 1 home.

#BREAKING: Eric Trump says “Banning institutional investors from buying single-family homes is a commonsense policy to drive down home prices,” says everyone should be supporting it.

In 1940, there were 159 workers paying into Social Security for every retiree. Today-2.7. The 75-year unfunded obligation stands at $25.1 trillion. Every year Congress waits, the required fix grows 0.08% of taxable payroll. We are f*cked, watch doc: youtu.be/D4L5XH55yts

@WilJay_1 Looks awful 🤮

BMW entering the pickup market would either be the greatest automotive plot twist ever… or the beginning of absolute chaos But tell me this M5 pickup doesn’t look ridiculously hard.

@autocar Ghey

BMW 1 Series and RWD is BACK! Except this time, it’s a 322bhp EV ⚡️ buff.ly/Ksrr5QC

@TomSteyer No fucking thank you

The private sector has had 50 years to drive down health care costs. They're 0 for 50. We have no choice but single payer.

@autocar Ghey

The first ever all-electric GTI has officially arrived! 🤩 🔥 223bhp ⚡️ 263-mile range ⏰ 0-62mph in 6.8sec 💨 109mph top speed 💷 £33,500 What do we think?! 🤔

@WallStreetApes This is so stupid.

This technology will come to America and start mass eliminating jobs This is the fully autonomous humanoid robot-operated coffee shop in China There is no human staff on-site. Fully “no remote control, full autonomy” using their proprietary embodied AI models There are huge expansion plans, 20+ locations across 7+ cities within months, with plans for 100+ nationwide within a year There are major cost savings for these businesses, Minimal labor requirements and it can run 24 hours a day .A cup of coffee is often priced as low as ~9.9 yuan or about $1.40 Full automation is going to basically eliminate entry labels jobs at fast food and coffee shops

@MarioNawfal It’s fake

🇺🇸 This is John Travolta at the age of 72 at the Cannes Film Festival 2 days ago. How the hell does he manage to look so young?

@financedystop Old people are slower. It’s a fact. Someday I’ll be slower and someone younger will be a better value for an organization. This guy needs a reality check

A lot of Americans in the 55–65 age range are getting forced into early retirement after being laid off and replaced. He spent 35 years working in IT and suddenly got let go. It’s that brutal gap where you’re not old enough to comfortably retire with benefits, but not young enough for a lot of companies that want younger and cheaper workers.

@covie_93 @CGintert56609 AND they get -per diem for expenses -per diem for meals -free healthcare -guaranteed pension -free fitness center -retiree healthcare

This is the American criminal justice system in action.

I think Max Verstappen did irreversible damage to Formula 1 by introducing people to endurance racing and Nürburgring. I’ve been glued to the TV for 3 hours so far, while in F1 I usually stop watching after 10 laps and end up scrolling through TikTok

@TrustlessState Nope it’s all relative. Most in congress are wealthy already and would do fine without a paycheck.

Unironically, congress members should be paid 600k-800k a year Strong financial compensation is a fundamental deterrent for corruption and alternative interests

@RepJackKimble He said the quiet part out loud. He is in it for the money, not for the people

Just a friendly warning. We don’t even make $200k per year in Congress despite working nearly 140 days. If we aren’t properly compensated, a lot of us will go to the private sector and you will be left with some real idiots in Congress.

@ClownWorld 85k for a truck is stupid

I would never spend $90k for a Ford Would you?

@LauraPowellEsq How is it not a federal crime against the person who appoints if they pull this kind of crap

In light of the news that a Chinese spy was elected as mayor of a city in California, it seems like a bad idea for San Francisco to allow a Chinese national to oversee its elections.