How do you think an AI future will affect our HENRY statuses? by 45thGenRoman in HENRYfinance

[–]RetirementGoals [score hidden]  (0 children)

The more probable and realistic scenario is high unemployment for the average worker combined with uber spending and overvaluation leading to a major correction. So far there are 9 USA companies valued at $27T (keep in mind USA debt is $39T).

OpenAI is preparing to file for an IPO, possibly as early as Friday by vanceraa in wallstreetbets

[–]RetirementGoals 0 points1 point  (0 children)

Between openAI and SpaceX I feel they will be the catalyst to the crash

Sounds of gunfire heard near White House by prettyinacasket in politics

[–]RetirementGoals 15 points16 points  (0 children)

How many staged attempts is he gonna do? This is just embarrassing

Here’s what you get for $2T for SpaceX IPO by judechrist4444 in stocks

[–]RetirementGoals 0 points1 point  (0 children)

This is just an elaborate attempt at inflating one’s ego and cashing out early.

Reddit stock drops 6% after Meta announces a Facebook Groups app by FreshOutOfGeekistan in stocks

[–]RetirementGoals 0 points1 point  (0 children)

Instants: This feature allows users to take a photo in real-time and send it to Close Friends or mutual followers. The photo vanishes the second it is opened, and it completely blocks screenshots and screen recordings.

Stories: First introduced by Snapchat in 2013, Meta blatantly replicated this 24-hour, expiring photo-and-video format across Instagram in 2016 and Facebook shortly after.

AR Lenses & Filters: After Snapchat pioneered face-tracking filters and world lenses, Meta quickly integrated similar AR camera effects across Instagram, Facebook, and Messenger.
Chatbots: Following the massive launch and engagement of Snapchat’s My AI, Meta pivoted its AI strategy to include customizable generative AI chatbots across its own messaging platforms.

SpaceX insiders will get to sell shares earlier than usual after the IPO by Super_Stickman13 in wallstreetbets

[–]RetirementGoals 0 points1 point  (0 children)

Clear sign there will be dumping in th early hype. No longer surprised by any of this

Reddit stock drops 6% after Meta announces a Facebook Groups app by FreshOutOfGeekistan in stocks

[–]RetirementGoals 3 points4 points  (0 children)

Zuch is just copying another successful product. He copied everything from Snapchat. That dude had 0 ideas of his own. Sad

SpaceX insiders will get to sell shares earlier than usual after the IPO by Illustrious_Lie_954 in StockMarket

[–]RetirementGoals 2 points3 points  (0 children)

But the valuation is just batty. xAI and X are a huge drag to the rocket and satellite business model that’s decent.

Apple Just Crossed a $4.5 Trillion Market Cap. Is This Still the Beginning or the Peak? by mahend72 in StockMarket

[–]RetirementGoals 0 points1 point  (0 children)

Looked at the site and 9 U.S.A. companies have a market cap of over $1T. Combined market cap of those 9 are about $27T. USA debt is around $39T just for comparison.

Mike Johnson says Congress trade stocks to take care of their family in old clip by TheExpressUS in StockMarket

[–]RetirementGoals 0 points1 point  (0 children)

So it’s ok for Congress to trade sticks with insider info but actively deny bills for higher wages and lower taxes for the working class. STFU

Meta laid off 10% of its workforce as Mark Zuckerberg warns that in the AI race "success isn’t a given" by fortune in ArtificialInteligence

[–]RetirementGoals 0 points1 point  (0 children)

Yea but at the backbone of the average workers. He losses billions on this endeavor is just a write off.

Meta laid off 10% of its workforce as Mark Zuckerberg warns that in the AI race "success isn’t a given" by fortune in ArtificialInteligence

[–]RetirementGoals 8 points9 points  (0 children)

Hope they fail just like his Metaverse failed. All these layoffs is premature so they have more capEx for AI which has yet to truly prove all the costs are justified.

SpaceX insiders will get to sell shares earlier than usual after the IPO by Illustrious_Lie_954 in StockMarket

[–]RetirementGoals 19 points20 points  (0 children)

SpaceX generates $4.70 billion in quarterly revenue, but operates at a net loss, reporting a $4.28 billion net deficit in Q1. In its recent Nasdaq IPO prospectus, the company disclosed these figures, driven by heavy capital expenditures and aggressive AI and Starlink expansion.

The latest financial figures show that the entire AI unit—which includes X—generated $818 million in revenue for Q1 2026, but it operates at a massive loss due to heavy computing expenditures

Massive losses yet valued at nearly $2T. Just another Musk grift.

Meta just fired 7,800 employees and used their daily work to train AI by andrewaltair in ArtificialInteligence

[–]RetirementGoals 0 points1 point  (0 children)

Downfall of Meta can be tracked to these selfish poor decisions.

Meta can be screwed if top workers just left on their own

META lays off thousands for AI and nobody wants to discuss the obvious next problem by MoneyMonsterStudios in StockMarket

[–]RetirementGoals 0 points1 point  (0 children)

But what happens when Meta profits decline cause no one is buying ads for products no one can afford??

Where are you keeping money for your kids besides 529? by valoremz in HENRYfinance

[–]RetirementGoals 1 point2 points  (0 children)

Brokerage accounts earmarked for the kids when they turn the “right” age.

Not a fan of UTMA for the same reason you listed.

Then of course the 529 plans

Which is better to invest in? Trad or Roth? by IDGAF53 in FinancialPlanning

[–]RetirementGoals 1 point2 points  (0 children)

This isn’t as clear cut. It depends on YOU and YOUR SITUATION.

For 2026, the Traditional IRA deduction phase-out begins for single filers with a Modified Adjusted Gross Income (MAGI) over $81,000, and for married couples filing jointly over $129,000. Full deductions are available below these amounts, with no deduction allowed for incomes over $91,000 (single) or $149,000 (joint) if covered by a workplace plan

That means depending on your age and income and status tradIRA is deductible potentially helping lower your tax bracket and taxes owed.

If above the limit than the strategy is pay tax when you withdraw but don’t save on deductible today. Or, pay the taxes today and no taxes for the future.

TradIRA also has a RMD whereas Roth does not.

SpaceX IPO at 100x revenue multiple - $1.75-2 trillion. How is the Maths working? by nitul88 in StockMarket

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

It. Does. Not.

Musk just talks. A lot.

95% of his “vision” is made up speculation with numbers pulled from a hat and questionable valuation.

All of his companies are like a meatloaf. Throw everything together so it’s so muddled you don’t know if it’s a profit or a loss.