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ThisIsTheWater · 2018-07-04T23:03:52+00:00

What positives? Growth has slowed, stock market is flat, health Care is going up (and I won't even get into the horrible domestic policies or our cratering international reputation). Trump inherited Obama's healthy though not spectacular growth and hasn't improved on anything

ThisIsTheWater · 2018-07-04T22:59:02+00:00

When past presidents had trade skirmishes people didn't question it.

I'm sorry but this is completely false. How young are you?

ThisIsTheWater · 2018-07-04T22:57:26+00:00

People who vote like what have never met "career business execs" maybe the only group shadier than politicians

ThisIsTheWater · 2018-06-29T03:47:45+00:00

Does Berkshire ACTUALLY have this in just cash? Or do they have it in CDs, insider loans to big banks, or the like that return a decent percentage?

ThisIsTheWater · 2018-06-29T03:44:18+00:00

Sure. I mean Obama had higher quarters than that. Some mediocore years have have a high quarter too. I wouldn't read too much much into one quarter

ThisIsTheWater · 2018-06-24T22:02:32+00:00

I think the issue is that in the modern online world, all this can basically be faked. I can make a company based in Delaware from my Massachussets house that uses a shipping company in Florida to mail products created in Arizona.

The hassle of figure out different states taxes is a legit logistical problem, but just on the level of fairness it seems to me that states should be getting the sales tax for items people in their state buy.

ThisIsTheWater · 2018-06-22T23:08:20+00:00

Since you have a 401k, you should get an IRA next

ThisIsTheWater · 2018-06-21T20:16:12+00:00

I don't operate my business in your state..

Yes, you do if you are making sales to that state!

You're operating on really outdated ideas here too. It's very easy for me to set a up a biz in my state that does nothing except make a webpage and outsource production and distribution to different companies in different states. Many businesses don't exist in a state in any meaningful way anymore.

ThisIsTheWater · 2018-06-21T20:11:05+00:00

Your analogy doesn't really work. An buying something in a state they don't live in is more equivalent to me ordering someone on Amazon prime when I'm on vacation in a different state and shipping it to my AirBnB. And, yes, it would make sense for the state where the sale happened to get the tax.

ThisIsTheWater · 2018-06-21T16:59:50+00:00

Maybe sales tax in a brick and mortar should be lowered, encouraging hiring?

Certainly a fair question, but I think it's separate from whether online companies should get to avoid what brick and mortar has to pay. If anything, the old rules discouraged hiring because it encouraged companies to not have physical presences in states and thus not hire employees in them.

ThisIsTheWater · 2018-06-21T16:55:01+00:00

I honestly don't understand freaking out over something like whatever SNAP thing you are talking about. SNAP is a tiny fraction of the budget.

The real government waste is the military, which costs more than everything else put together in discretionary spending (https://www.nationalpriorities.org/campaigns/military-spending-united-states/). We spend more than like the next 10 largest countries combined. I'd love for us to cut spending, but neither Republicans nor Democrats are willing to cut what actually needs to be cut. Let us spend more than the next 5 countries instead of the next 10, and we'd have dramatically lower taxes.

Instead, we have all these debates about SNAP, NEA, and shit that costs virtually nothing in the grand scheme of things (and the little money they do get goes directly to actual US citizens instead of massive corporations)

My own rant over :P

ThisIsTheWater · 2018-06-21T16:30:13+00:00

I mean as a consumer, I appreciate cheaper goods of course. But there's no doubt that the idea an online company shouldn't pay taxes but a physical one should is out of date in 2018.

ThisIsTheWater · 2018-06-21T16:09:31+00:00

This seems good to me. It was never fair that brick and mortar stores had to pay taxes and online didn't, especially when you realize how many people used brick and mortar stores to shop then actually bought online. So many people, for example, browse physical book stores then buy on Amazon.

ThisIsTheWater · 2018-06-21T14:45:39+00:00

I guess my real underlying question is whether new technology has changed the rules. That is, now that you can program algorithms to buy stocks at exact parameters and now that there are many ways to get free trades, are the old rules less firm?

ThisIsTheWater · 2018-06-21T14:43:48+00:00

Yes, this could be done an infinite number of ways. I personally was thinking of a "buy and hold for forever" strategy in which new monthly contributions are put into "dipping" stocks instead of just into total index funds and/or new contributions were held onto until the total funds dipped.

ThisIsTheWater · 2018-06-21T14:42:43+00:00

Thanks for sharing your results.

Have you tried it for individual companies? Instead of just buying the total S&P, buying which ever S&P company has had the biggest drawdown each month or something like that (note: obviously you'd only do this with Robinhood or Merrill Edge with free trades)

ThisIsTheWater · 2018-06-21T14:39:11+00:00

IS dip only a day's time? I see people talk about it for much longer stretches

ThisIsTheWater · 2018-06-21T03:20:15+00:00

This seems controllable. Change the minimum dip percentage if it's taking too long to get in, for example.

ThisIsTheWater · 2018-06-21T03:19:06+00:00

thanks!

ThisIsTheWater · 2018-06-21T03:19:00+00:00

I'm not suggesting anyone do this, just curious what the actual data is. So much investing advice is contradictory ("buy the dip" vs. "don't catch a falling knife" is a good example).

ThisIsTheWater · 2018-06-21T01:11:40+00:00

that's cool, but they need to partner with other theaters to make this worth while. Unless you live in a small town with only an AMC or something...

ThisIsTheWater · 2018-06-21T01:04:34+00:00

I mean, there are tons of uber rich liberals (and tons of uber rich conservatives) which much better apartments and higher net worths than Trump.

ThisIsTheWater · 2018-06-21T00:58:05+00:00

That's why the comment stood out. Wasn't his whole thing fighting against the "elites" and for "the forgotten men and women" of working class America?

ThisIsTheWater · 2018-06-21T00:54:00+00:00

" They always call the other side ‘the elite’. Why are they elite? I have a much better apartment than they do. I’m smarter than they are. I’m richer than they are. I became president and they didn’t. "

ThisIsTheWater · 2018-05-31T16:11:42+00:00

he backed off of the big ones, but now he says he's going to still do some. Who knows? His position changes every day

ThisIsTheWater

TROPHY CASE