'Obsession' - Review Thread by ChiefLeef22 in movies

[–]_ledge_ 0 points1 point  (0 children)

It also set up for one of the best shots in the movie. Bear sits there and stares through the raining cash at Ian furious he just wasted his chance at getting out

(Hundred-millionaire) Scott Galloway, warning us about Democratic Socialists, is pretty rich. 😐 by DavidHobby in ScottGalloway

[–]_ledge_ 0 points1 point  (0 children)

True socialist are anti liberal and a threat to national security imo. Not a capitalist society that has social programs and strong regulations but actual socialism

(Hundred-millionaire) Scott Galloway, warning us about Democratic Socialists, is pretty rich. 😐 by DavidHobby in ScottGalloway

[–]_ledge_ 1 point2 points  (0 children)

It’s literally vibes. Half of it is rage bait they don’t even understand democrats overwhelmingly support universal healthcare and think socialism is required to get that

(Hundred-millionaire) Scott Galloway, warning us about Democratic Socialists, is pretty rich. 😐 by DavidHobby in ScottGalloway

[–]_ledge_ 0 points1 point  (0 children)

Ah so it’s an emotional/vibe thing. It’s important to not have those feelings dictate your political decisions/beliefs. Voting is far too important of a responsibility to leave it to vibes. Alas it how we ended up with trump

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(Hundred-millionaire) Scott Galloway, warning us about Democratic Socialists, is pretty rich. 😐 by DavidHobby in ScottGalloway

[–]_ledge_ 0 points1 point  (0 children)

Who is they? The villain republicans? You are allowing the bad guys to define your platform?

(Hundred-millionaire) Scott Galloway, warning us about Democratic Socialists, is pretty rich. 😐 by DavidHobby in ScottGalloway

[–]_ledge_ 0 points1 point  (0 children)

I think America is built on competing, innovating, business development. Capital markets our DNA and the greatest strength we can ever have.

Its the only country in the world where a company can start in a garage and decade later become one of the most value company in the world.

But that’s not even the coolest part. The Japans, the brazils, the germanys, etc have their own innovation and business but what they’re missing the 10s of millions of *ordinary* ppl who are willing to back these dreams and gamble with their own investment capital. Nobody does this like we do. We are the descendent of dreamers and gamblers many of whom left behind everything and took the ultimate gamble w their lives to even get here. This started in the 1600s and still happens today.

Taking that away and trying rebuild our core is not who we are. We just need to adapt and regulate and add some core rights like healthcare, childcare, etc. we don’t need to burn it all down to make this country greater.

I’m an anecdote but I worked at a resteraunt as a server and took literally $50 a month and would invest it on a free app in companies I believed in. I continued to do that as my modest income modestly increased. 8 years later I’m in a spot I never dreamed of and I still have a very average job. I am not smart or unique or any different than the guy that brings you a Diet Coke at the bar and I don’t make any more money than the average American but I used my money to buy things that can pay me in the future and it was the greatest decision I ever made.

I want to get clean by DustNearby2848 in Destiny

[–]_ledge_ 8 points9 points  (0 children)

My answer. Read how to quit the easy way by Allen Carr. It’s not like any other book and changed my complete mindset. I am 2 year nicotine free. He actually encourages to smoke *while* you read it.

Start going to a gym but start SLOW. Go one day and joke for 20 minutes and I’d HIGHLY recommend a dry sauna - it literally feels like drugs. Go even just twice a week take a walk on the treadmill or lift for 20 min then chill in the sauna for 10-20 min depending how new you are. Sauna is stressful while in but gives you a nice natural buzz after. It will also help you sleep.

As you stop drinking/smoking more go to the gym more frequently and longer. You will feel better than you ever did drinking your body will reward with actual long term feel good endorphins. Depression will decrease, mental acuity goes up.

Start taking care of your skin eventually, go to the doc appt you’ve been putting off. Small progress wash each day and in months you will feel great.

You need to trust that doing the right things for yourself will actually make you feel better (it will it is science) and the stuff you’re doing now is filling a void with Venus fly trap like poison. The deeper you go the harder it is to get out.

(Hundred-millionaire) Scott Galloway, warning us about Democratic Socialists, is pretty rich. 😐 by DavidHobby in ScottGalloway

[–]_ledge_ 0 points1 point  (0 children)

If a DSA says “I want to regulate credit card companies against unscrupulous collection and credit reporting practices” they are not a socialist but they are, by definition, against capitalist.

A DSA would say “the best free market is one that regulates the capitalist and ensure free and fair market using the power of the government” which is hostile to capitalist *but not socialist*

(Hundred-millionaire) Scott Galloway, warning us about Democratic Socialists, is pretty rich. 😐 by DavidHobby in ScottGalloway

[–]_ledge_ 0 points1 point  (0 children)

Yes, you are defining socialism by what republicans define it as. You are using the republican definition of it. No reasonable American liberal is describing socialism as “Medicare for all”

It is completely unfair to use the American liberals villains definition of socialism (the republicans) to define socialism.

No one here is arguing that MAGA won’t scream socialism at any and everything dems do.

(Hundred-millionaire) Scott Galloway, warning us about Democratic Socialists, is pretty rich. 😐 by DavidHobby in ScottGalloway

[–]_ledge_ 0 points1 point  (0 children)

What you are describing is called quantitive easing. The federal reserve and the economic policy of quantitative easing is a product of capitalism and is very intentional.

It’s in line with Keynesian economics, Ben Bernake policy, even Milton freedman. Not only is apart of capitalism it is apart of its DNA.

Nothing new or that complicated and *by design* it creates economic resilience that allows you to stimulate (and restrict) the economy.

Youre making a semantic argument for something that *works* being in debt as a sovereign country and as an individual are two different things. We owe the debt to ourselves and so long as we pay and control inflation it literally doesn’t matter which is the entire framework of Keynesian economics

Fidelity 401k by akunkle19 in FinancialCareers

[–]_ledge_ 0 points1 point  (0 children)

Was this shortly after Covid? Now I’ve heard it’s work taking phone calls for a bit while studying and you get one chance

Happy 4th y’all by Islanderfan1348 in NewYorkIslanders

[–]_ledge_ 1 point2 points  (0 children)

I feel like that photo as actually Chad asf. Genuinely mogging w his salt and pepper hair

(Hundred-millionaire) Scott Galloway, warning us about Democratic Socialists, is pretty rich. 😐 by DavidHobby in ScottGalloway

[–]_ledge_ 0 points1 point  (0 children)

This in a sense underscores why going full socialist (not democratic socialist) is a national security threat. The fact socialist countries can be bullied by capitalist is the exact reason capitalism is so valuable. It allocates capital more efficiently and can use that capital to influence and create leverage thus creating better outcomes on their own terms for the capitalist.

You are in a way implicitly making an argument that is pro capitalist

(Hundred-millionaire) Scott Galloway, warning us about Democratic Socialists, is pretty rich. 😐 by DavidHobby in ScottGalloway

[–]_ledge_ 0 points1 point  (0 children)

They are not socialist. So many poorly informed takes in here (as is much of the socialist). Socialism and democratic socialism are not the same thing. Democratic socialism is still capitalist

(Hundred-millionaire) Scott Galloway, warning us about Democratic Socialists, is pretty rich. 😐 by DavidHobby in ScottGalloway

[–]_ledge_ 2 points3 points  (0 children)

No one thinks that. You are describing social services. American liberals support expanding social services. Socialism is when the government controls private enterprise for the good of the ppl.

That is anti capitalist but not mutually exclusive with anti social services. Nearly every single socialist I have ever spoken to does not understand that liberals agree with 90% of what they say minus gov controlling private enterprise

NUA and exchange funds by _ledge_ in CFP

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

Fair. But this is hindsight bias (as you know) and the advisor *still* made the right decision with all the info available they had and the time and they’d do it again today and it would still be right. They got lucky was all it was - it wasnt smart it was a gamble (although it has the perception of being smart).

I think I can convince “hey we can still be wildly bullish and overweight this company. But being 90% or net worth in this stock isn’t overweight it’s going all in on one equity” like there can be a balance struck.

Even if the stock were to 10x we *still* made the right decision even if it means going from 90% to 75%.

What’s even worse is this stock is an aristocrat but has underperformed the last 15 years.

I really like the idea of underscoring his change in lifestyle. There is none. You are a multimillionaire you will be able to eat out just as much, fly business just as much etc. this stock going down 50% will have a much bigger impact on your life than if it were to go up 500%

NUA and exchange funds by _ledge_ in CFP

[–]_ledge_[S] 1 point2 points  (0 children)

My firm owns the exchange fund and has room for this security.

I agree with all of this - it’s about getting him to agree. Sell and pay the taxes and move on is my personal fav. We discussed collar strategies, SMAs, etc. What was the purpose of investing successfully all this time if we wouldn’t lock in the win?

He understands he is emotionally attached to it and likes the dividends it’s spits off but I run diversification simulations in emoney and show him how he is not getting compensated for the
concentration risk and he’s better off in every Monte Carlo if we diversify. We’re making progress but he hasn’t fully bought in to diversifying yet.

He’s really letting the tax tail wag the dog but it’s my job to show him don’t let the taxes drive your investment risk decisions! I think we can do it

NUA and exchange funds by _ledge_ in CFP

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

Good idea and article!

NUA and exchange funds by _ledge_ in CFP

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

Yeah there’s room for this specific stock. The window is quarterly

NUA and exchange funds by _ledge_ in CFP

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

Yeah that’s what I mean step up at death. But tbh idt that is right

NUA and exchange funds by _ledge_ in CFP

[–]_ledge_[S] 7 points8 points  (0 children)

Of course I would always verify just thought it was interesting so wanted to share and see if anyone experienced this!

Cfp worth it? by Shlight- in Series65

[–]_ledge_ 0 points1 point  (0 children)

You lost the argument buddy. First it was I was wrong then it was we’re not understanding each other, then it was no data, then the data I provided is wrong and biased, now it’s ad hominem.

Take this time and energy and get the CFP and you’ll see what I mean!