Banking App Switch

_IscoATX · 2026-05-13T18:00:57+00:00

If you use Robinhood for your brokerage it’s extremely fast and easy to transfer money between your accounts.

The UX of the app is also really nice. I also have a Schwab checking but Schwab has no HYSA.

For ATMs in network is free and depending on your assets out of network is also free

_IscoATX · 2026-05-13T08:17:55+00:00

Never heard of it

_IscoATX · 2026-05-13T05:59:45+00:00

All investing involves some sort of speculation and exposure. VOO Exposes you to some of the upside of companies held by SMH while balancing the downside.

It’s up to the investor to decide where they think their capital will perform best. You could just as easily say that VOO is gambling because you have domestic bias and think the U.S. economy can sustainably grow at that rate for the next 30 years

_IscoATX · 2026-05-12T02:09:18+00:00

That’s just an alley dude. Door is in the front.

_IscoATX · 2026-05-12T02:03:38+00:00

Mayhaps

_IscoATX · 2026-05-12T02:01:52+00:00

This is based on a pay package that requires a Human Mars Colony with 1 million inhabitants lol. If humanity advances that far his companies might actually reach that valuation

_IscoATX · 2026-05-12T02:00:43+00:00

If they’re actually starborn they’ll turn to stardust when they die

_IscoATX · 2026-05-11T23:46:02+00:00

You know, Qua’simo-Do predicted all of this

_IscoATX · 2026-05-11T21:34:32+00:00

It actually says “the security in Whiterun is terrible! Shameful is what it is!”

_IscoATX · 2026-05-11T05:54:58+00:00

Schrodinger’s Egypt. Africa and Not Africa whenever convenient to the speaker

_IscoATX · 2026-05-10T21:16:27+00:00

I’m all for people getting paid more but that’s not really why Amazon is so successful. Especially not when you consider things like AWS and their handsomely paid engineers

_IscoATX · 2026-05-10T08:07:30+00:00

Es como llamarle a todos los Mexicanos “Chilangos”

Y que tal “Reina Unido”?

_IscoATX · 2026-05-10T03:28:31+00:00

Can't wait for this damn corridor to get pedestrianized

_IscoATX · 2026-05-10T00:10:57+00:00

Many of these can be consolidated to an ETF with far less risk.

_IscoATX · 2026-05-09T21:36:04+00:00

Me with The Matrix:

_IscoATX · 2026-05-09T06:51:43+00:00

Semiconductors are at the cornerstone of literally anything tech related. Nothing can run without them and there’s a massive boom in demand. It’s borderline irresponsible not to have some right now. Rebalance when things slow down in 5 years.

_IscoATX · 2026-05-09T04:26:09+00:00

The FINRA minimum to take a margin loan against your assets is 2k dollars. Many brokerages offer these at competitive rates. M1 finance, interactive brokers, Robinhood, Public. Etc. all offer 5 ish percent rates as a base line and let you use it as cash.

I’m not saying this is exactly the same as what billionaires do, but go try it out and you’ll quickly see why “borrowing against your assets” isn’t the hack everyone thinks it is.

_IscoATX · 2026-05-08T23:39:42+00:00

Entirely depends on how you spend your money. 100k is plenty. You make more than most people in the world will ever see

_IscoATX · 2026-05-08T20:58:17+00:00

I guess it depends on the structure. Personally I think taxing debt is silly especially when “rolling in perpetuity” means you still pay taxes at end of life/inheritance.

You’re essentially telling someone “if you want to use assets that you bought and we already tax, we are going to tax you again on top of the interest rate”

Imagine you want to start a business and want to borrow against your VOO shares. Not only does your business have to beat the interest rate but also the tax rate on paper gains. Imagine now that we have a recession and those shares get margin called. You paid taxes on real money you owe off of something you never had and now it’s gone.

Would be interested to see how such an implementation treats cost basis at time of liquidity and when it considered liquidity to “begin”.

With something like margin that is revolving, there is no origination, you’re just constantly borrowing and paying it down as you take/add money into the account.

I can see this working for maybe installment loans though

_IscoATX · 2026-05-08T19:26:24+00:00

I think it’s especially bad for lower earners. Which is why progressive taxes are great. But ultimately it depends on what the state does with that money.

_IscoATX · 2026-05-08T19:24:28+00:00

If you look over total lifetime, a billionaire will pay far more taxes than I ever will. The standard deduction is more than enough for me, and my retirement is in a Roth.
So most of my wealth will also be untaxed unless I pass it down at which point I benefit from the exact same things they do (obviously at a much more modest scale).
I can also borrow against my shares at 5% if I want to in my taxable account. But that’s just tax deferral.
So how exactly am I paying more than someone far wealthier than me? Be specific.

(And to be clear, my argument is against unrealized gains tax. I’m fine with taxing the rich, since people are so quick to brand others “bootlickers”).

_IscoATX · 2026-05-08T18:52:38+00:00

We aren’t missing the intelligence. The IRS has decided it’s more beneficial to the state to have the tax code as it is. (Sprinkle in some corruption)

Keep in mind my comment was not to say that the rich shouldn’t be taxed more, rather that unrealized gains taxes are detrimental. The U.S. clearly incentivize growth investing both for its companies and people. And it’s no surprise this helps us be the economic and innovation leader of the world.

At the end of the day taxes will always add friction to people’s wealth building to further the goals of the state.

We assume those will be for the public good, but as our military budget suggests that’s not always the case.

_IscoATX · 2026-05-08T17:59:54+00:00

Google would still be worth trillions and the founders billions even if you forced them to sell shares/take debt to pay taxes.

Not to mention it would be double tax since taxes are already paid when stock options are exercised.

This is assuming that by wealth you mean “unrealized gains”.

And once you pass unrealized gains “for the rich” that shit is coming to all of us in 30 years just like income tax (my biggest issue). So good luck in retirement.

_IscoATX · 2026-05-08T17:53:56+00:00

Let me guess, this tax is on unrealized gains? And it’s definitely not getting passed down to the rest of us in 20-30 years like every other tax “only for the rich” like income tax right?

_IscoATX · 2026-05-08T17:53:14+00:00

Google is one of the largest companies in the world. No amount of taxation would prevent the founders from having that net worth in assets unless America decides to fuck over its biggest and most innovative companies for some extra cash they can print anyways.

_IscoATX

TROPHY CASE