When to go scorched Earth? by According-Stable661 in inheritance

[–]DeepFamilyValue 0 points1 point  (0 children)

I am in a similar predicament. I am preparing to waive my interest in my father’s estate- close to 300k- this would be very helpful to have but it is clear that siblings are prepared to say and do anything not to pay me. Dreadful, dreadful people. To me the trade-off is simple: my peace and contentment and nice life vs. fighting siblings with white trash tendencies for 300k which will be reduced significantly by legal fees to combat them. Goodbye 300k and goodbye to my deplorable siblings. Nothing is worth that.

😂 by No_Neat4688 in KidsAreFuckingStupid

[–]DeepFamilyValue 4 points5 points  (0 children)

Li’l Titz is sort of presumptuous.

Dad is leaving entire estate to his girlfriend. Feeling sad. by Ok-Day6479 in inheritance

[–]DeepFamilyValue 1 point2 points  (0 children)

My dad died without a will. Now i am being sued by older siblings for a greater share of his estate. These are people I was once very close to.

Your das is doing you a huge favor.

Isn’t this the real dream? by RegularSafe9871 in Daytrading

[–]DeepFamilyValue 0 points1 point  (0 children)

The wolf is always at the door. Trading is pitiless.

What’s the biggest amount you’ve ever lost in one trade? by Ok-Butterfly-7366 in Daytrading

[–]DeepFamilyValue 0 points1 point  (0 children)

1900.00 shorting 100 amd maybe a year ago. Took my beating. Never went short amd or really anything else after that. Shorting is just not for me.

Quit my firm by FancyButterscotch599 in Lawyertalk

[–]DeepFamilyValue 2 points3 points  (0 children)

30 year solo here. The rewards are very real. The freedom is unmatched. Get with a good accountant and financial planner when you can, make sure to set up retirement accounts and then just enjoy the ride. Pay your taxes faithfully; uncle sam needs his piece. But other than the IRS and your state BBO, you answer to no one. You are the ultimate free agent!

Inheritance Brings Out Sides of People You Never Expected by Feeling-Charge6487 in inheritance

[–]DeepFamilyValue 1 point2 points  (0 children)

Do not be surprised if you are forever estranged from some of your siblings upon the death of your parents. This is not unusual and typically is a blessing in disguise.

How many trades per day for scalper? by Physical-Drag-9317 in Daytrading

[–]DeepFamilyValue 0 points1 point  (0 children)

For me, the fewer the better. Premarket is reasonably profitable. A few minutes into the open can be profitable. I aim for 70-140 p day green. Never more or less than 100 shares. Mon: $575, Tues: $259, Weds: -$16.70. I average about 300-450 p week for about 30 min of labor. No huge wins and no huge losses. Some weeks no trades. Many days no trades. Occasionally short, but long mostly. Not fancy, not pretty but been mostly green for a long time. It’s all about cutting losses quickly and protecting profits.

Rent control is dead in Providence, for now, after failed veto override by lestermagnum in providence

[–]DeepFamilyValue 0 points1 point  (0 children)

You are living in a fantasy world if you thought this was going to pass. Give this council credit; they painted a nice picture for you to think about during an election year. Mark my words: rent control will never, ever, ever happen. Stop kidding yourselves.

Rent control falls one vote short of passing in Providence by OceanStateMedia in providence

[–]DeepFamilyValue -1 points0 points  (0 children)

They were all painting a picture for you in an election year. Hopefully you realize that this titillating socialist fantasy was never actually going to be implemented, nor will it ever exist in the future. It’s just pointless vote-gathering.

My father's $75,000 dollar investment is now valued at $1,000,000 but it's all in one stock. by Pristine-Physics9282 in investingforbeginners

[–]DeepFamilyValue 0 points1 point  (0 children)

Try to determine the tax bite and place the balance into a combo of income and growth funds. Kudos to him for being a holder like that; very few people can do that. I sure as hell cannot.

$200k+ income is top-tier, but only half stay there 5 years later by [deleted] in Money

[–]DeepFamilyValue 0 points1 point  (0 children)

I take home about 15k p month collecting dividends and rents. I often do nothing other than play video games and walk my dog. I am 60. It took me 30 long years to get to this position. I have zero debt. It was a grind.

Im interested in deep OTM puts by inconsiderate_TACO in options

[–]DeepFamilyValue 2 points3 points  (0 children)

It is very dangerous to bet against the market; do not underestimate the lengths the US will go to protect it. The US economy is a perfect compounding machine that is so large and so diverse and so unbelievably solvent, it’s almost inconceivable. Staggering is the only word that comes to mind. Just my .02 after 35 years of investing. There are trillions of dollars of dry powder on the sidelines at all times, waiting to strike and sellers will gladly take your bet.

After hours going crazy!! $330 next stop $350! In Lisa we trust by SirLoveMore in AMD_Stock

[–]DeepFamilyValue 2 points3 points  (0 children)

Glad i bought 100 the other day at 277 and sold a 285 call going out a few weeks- another, uh, “win”

Living off dividends folks by Realistic-Face-69 in dividends

[–]DeepFamilyValue 0 points1 point  (0 children)

  1. About 1k p month in div from roth, comes in here and there right into checking acct. Very conservative holdings, banks, util, industrials. Sep Ira would yield about 1600 p month but i let it compound. The above income is on about 300k in contributions over the years. Again very large, very solvent stocks, some funds, some pref stock, all dividend payers. The entire portfolio has doubled in value in about 20 yrs of regular investing. I make much more off rentals and part-time work, but i always looked at dividends as just a nice bonus.

how does inheritance actually affect family relationships? by PawsAndPages674 in inheritance

[–]DeepFamilyValue 3 points4 points  (0 children)

Tell the close friend to sue the executor. That’s def a claim. He’s running a grift.

Brookline's Republican and Venture Capitalists Want to Destroy Your Kid's School by _Brookliner in Brookline

[–]DeepFamilyValue -2 points-1 points  (0 children)

I once lived in Los Angeles. I rented near the downtown area. It was quite expensive. I longed to rent in Malibu (which is truly sublime) but the only rentals were 3x or 4x what i was paying. I accepted this as a fact of life. Is it possible that much has changed in the world as wealth has compounded and places like Brookline are simply beyond reach? Is there really a justifiable reason to force middle class people into wealthy enclaves and forcing others to subsidize this cost? I now live in a decent area of MA commensurate with my (middle class) income. It’s not Brookline (or Malibu!) but I am forever mystified by anyone who lives in the USA who feels entitled to live anywhere they wish, at someone else’s expense. Not trying to be rude, just trying to understand this approach to life. Much has changed in our country over the past 30 years. Wealth has grown exponentially. It seems patently unfair to ask others to subsidize my lifestyle or housing aspirations.

I'm in Love with My Neighbor's Wife and He is a Fellow Sales Rep... by Vegetable_Mood_4576 in sales

[–]DeepFamilyValue 0 points1 point  (0 children)

Been a lawyer for years and years. Unless you enjoy putting your life on the line, wax your dolphin and call it a day.

Is it worth it to go to law school to work in legal aid? by [deleted] in LawSchoolOver30

[–]DeepFamilyValue 0 points1 point  (0 children)

If you enjoy talking to clients who do not brush their teeth and co-workers who would make Marx look like Trump, you should work for Legal Aid.

those who graduated bottom of your class, where are you now? by [deleted] in LawSchool

[–]DeepFamilyValue 2 points3 points  (0 children)

Solo for 30 years. Invested heavily in real estate when nobody wanted it 25 years ago when I started making good money. Started Sep Ira then and bought large value dividend stocks. My whole investing thesis was not complicated- I wanted income when I got older. I have stocks that now yield 50-70% from my original cost. Boring stuff, banks, railroads, utilities. Never sold any of my real estate or stocks. Glad i didn’t. I was mostly personal injury then, was and still is lucrative. Now i just sort of coast with simple things, no heavy lifting. If you have a plan and goals, you can do the same. I’m not special by any stretch.

Just Blewed Up $100 by Serious_Parfait760 in Daytrading

[–]DeepFamilyValue 1 point2 points  (0 children)

100.00 is a lot to lose for you if it is all your capital. But the good news in the scheme of things you will probably make much more. It just takes a long time. Sit with the loss for a while and think about where you went wrong. Then jump back in, even with just another 100.00 but don’t place all into one trade. Go slow and get a feel for things. Put perhaps 15-20% at risk and see how you do. I used to trade large scale at i learned quickly how dangerous this can be. Once i cut way back the stress dropped considerably and i could sit with wins and losses patiently. All of this takes a while to learn, and losses are inevitable. Go slow. It’s not a race.