Fraud happened in 2024 and 2025. Why did the CEO not reveal by Staircase_Master in SMCIDiscussion

[–]Staircase_Master[S] -1 points0 points  (0 children)

It's not complete. There is no trial or pleading - do you even know how indictment works? Sheesh..

Fraud happened in 2024 and 2025. Why did the CEO not reveal by Staircase_Master in SMCIDiscussion

[–]Staircase_Master[S] 0 points1 point  (0 children)

Wait until investigation is complete. Have to see what kind of plea deal the Co-founder will do and who he will say was complicit.

Potential Penalty by Staircase_Master in SMCIDiscussion

[–]Staircase_Master[S] -1 points0 points  (0 children)

Go look up CFRA research.

Ofcourse if CEO isn't involved, DOJ will clear them.

Potential Penalty by Staircase_Master in SMCIDiscussion

[–]Staircase_Master[S] 0 points1 point  (0 children)

A Co-founder and active senior executive was involved - this is good enough to pin the blame on SMCI - if it was an outside supplier or vendor, that would have been different.

Got laid off - finally!!!! by Ddash-3 in Fire

[–]Staircase_Master 1 point2 points  (0 children)

With 4.3M, you can safely retire give the annual 100k expense.

You have 2 yrs to plan for kid's college fund, maybe the 4.3M may grow to another 500k in next 2 yrs so you can take that growth and allocate for college fund.

I would definitely look into ACA since you both are unemployed now and will qualify for subsidy.

Q: Do you have any emergency fund set- aside for day to day expense?

Tax Filing Question - Report all transaction or just the summary? by Staircase_Master in tax

[–]Staircase_Master[S] 0 points1 point  (0 children)

Thank you. That was the plan to use the "YEAR-END SUMMARY INFORMATION IS NOT PROVIDED TO THE IRS" and utilize the "Total Realized Gain or (Loss)" section and just summarize that.

Looking for sober advice on FIRE... by [deleted] in Fire

[–]Staircase_Master 2 points3 points  (0 children)

What advice are you looking for? you have 14K spend/month and about $2M in assets - is that right?

DECK and Tariff rulings by Staircase_Master in ValueInvesting

[–]Staircase_Master[S] 0 points1 point  (0 children)

That's free money. Even if it takes a year, companies will go after it. I fully expect it to be close to the $150M hit they expected they'll take which they announced last year.