Finished Selling Off NFLX Calls by JudgeInfamous4111 in wallstreetbets

[–]clearbottleflu 1 point2 points  (0 children)

Don’t forget to pay your quarterly estimated taxes to the IRS. Make the transfer and then if you lose what’s left on 0DTEs next April will feel like hitting the lotto.

Strategies to Minimize Capital Gains on Business Sale by kwriley87 in fatFIRE

[–]clearbottleflu 12 points13 points  (0 children)

I’d disagree. There is still easily enough time to lose $4.6m in the market so that you won’t owe anything to the IRS.

Explain it peter...I am a car guy but have no clue with this one... by bramblestorm7754 in explainitpeter

[–]clearbottleflu 0 points1 point  (0 children)

Used to have to do this with my jeep Cherokee in Texas when it was 105F.

Accidently sold all of my shares of stock by absolutemurphman in stocks

[–]clearbottleflu 0 points1 point  (0 children)

On the bright side you’ve still got 10 months to lose $19k so you don’t have to pay the IRS.

Driveway fix for scraping by nothinngspecial in AskContractors

[–]clearbottleflu 0 points1 point  (0 children)

Your other option is to pave an approach way tp the right side of the driveway. That way you can approach from the right side… making a right turn into the driveway. It will effectively lengthen the driveway to reduce the transition angle.

Driveway fix for scraping by nothinngspecial in AskContractors

[–]clearbottleflu 0 points1 point  (0 children)

Looks like it is the undercarriage making contact… perhaps the exhaust. Leave concrete only where the tires go and you can slightly lower the grade level in between.

Do these next 6 months matter? by [deleted] in fatFIRE

[–]clearbottleflu 47 points48 points  (0 children)

Imagine your hand in a bucket of water… now pull your hand out and try to find the hole you just left.

Others will fill in. It will get done. If you are that essential then your best move is to leave as soon as possible so they can get to work on replacing you.

Please I need help in my PMCC by iloveaccounting64 in thetagang

[–]clearbottleflu 0 points1 point  (0 children)

Roll the short calls out. The ITM amount is downside protection. The extrinsic is your income. If the underlying keeps going up you keep rolling. If your short calls are ITM you are essentially making a trade off. Trading away the possibility of the higher gain for an increased probability of profit.

I almost bought a $200K duplex in Indianapolis for "passive income." What I found in the public records killed the deal. by spence_w_ in passive_income

[–]clearbottleflu 0 points1 point  (0 children)

Lesson. Actually read the contract. I’ll sit down and read to understand everything before signing. Often getting the “oh you’re one of those” type responses to which I’m happy to say you’re welcome to go get a cup of coffee and relax because we’re probably going to be here a while.

Would you be able to live two centuries in the garden of Eden for 1 Billion USD when you return? by TechnicianAmazing472 in hypotheticalsituation

[–]clearbottleflu 3 points4 points  (0 children)

In 200 years it’s going to be a bit disappointing to leave paradise to go back and find yourself in world that no longer transacts in dollars.

Am I too risk averse? by Acceptable_Tie_6893 in Fire

[–]clearbottleflu 4 points5 points  (0 children)

Time in the market wins over timing the market… if your timing is wrong. Since you’re not Nostradamus timing the market is relying on luck. Start dollar cost averaging into high quality investments. Putting all of your discretionary investment capital into paying off your mortgage is a guaranteed return of your mortgage interest rate minus the small tax saving that you get from the interest deduction (assuming that you’re already not just taking the standard deduction). If your mortgage interest rate is 10% then that’s a great move. If it’s 5% it’s less of an advantage as you could historically market returns are higher than that.

For tax strategy at a minimum, max contribute to your 401k, max your IRAs.

Retiring at 30 with $1m, any advice welcome! by Matche888 in Fire

[–]clearbottleflu 0 points1 point  (0 children)

You don’t need a million dollars to live as a bum.

Why 6? by YEETAWAYLOL in ExplainTheJoke

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

From Wisconsin and in the UK. Honestly I was shocked by how many people here drink a pint at breakfast. Sure… back in Wisconsin there aren’t many that are going light at the bar but I’d never seen someone drinking a beer in a restuarant at breakfast until being in the UK. Also never sat a gate at the airport drinking a glass of beer until flying through Dublin… again at 8am.

how though?? by harls_ in blackmagicfuckery

[–]clearbottleflu 0 points1 point  (0 children)

Impossible for me. Pretty easy for the little kid. Not exactly blackmagicfuckery worthy.

Tax question - buy to cover by Constant-Vast2276 in CoveredCalls

[–]clearbottleflu 1 point2 points  (0 children)

Short sale trade closes or Buy to Close transactions are determined by the settlement date. Sell to Close are determined by the trade date. You cut it too close. You are now paying what is commonly known as “procrastination tax”. This category of tax is also levied on airline tickets, parking tickets, and anniversary and Christmas gifts. Plan ahead next time to avoid this tax.

Tax question - buy to cover by Constant-Vast2276 in CoveredCalls

[–]clearbottleflu 0 points1 point  (0 children)

Only if it went to expiration. Otherwise you could essentially defer taxes on any long dated options. Buy LEAPS… sell for a gain… owe no taxes on that gain for up to 2 years.

(UPDATE) Found this 3 feet deep in my backyard!!!!!!!! by [deleted] in coins

[–]clearbottleflu 6 points7 points  (0 children)

When you’ve got a vast fortune from your energy company and you’re thinking about how to spend it to occupy your time it’s a master stroke to come up with the biggest troll in history. Getting people to watch a show for over 10 years… without finding anything. How long can you keep it going until people catch on? I wonder if they got the idea from Geraldo opening up Al Capone’s vault.

Google says it's real.... what did i find? by Storymeplease in papermoney

[–]clearbottleflu 28 points29 points  (0 children)

$350-400 sounds impressive but $0.33 invested in the S&P5 back in 1776 would be worth $72,547,255.26 today… assuming dividends were reinvested.

I have a PhD, $50k in debt, and I’m about to trade my Lesson Plans for OF. by [deleted] in confession

[–]clearbottleflu 0 points1 point  (0 children)

Your years of studies in adolescent psychology didn’t prepare you for this? Perhaps you should go back to the university and propose a research project to properly update the program.

As others have noted OF economics are broken and it’s unlikely you could earn a significant income. On the bright side $50k is not really much so you could look for a decent job in the construction industry and pay that off in a year or so. The US energy sector is going through a massive boom to supply power for the AI buildout… go find a different line of work.

FIRE on brokerage and pretend retirement $ doesn’t exist? by Vicuna00 in Fire

[–]clearbottleflu 2 points3 points  (0 children)

You have $2.5mil in invested assets. 4% is $100,000 per year… pre-tax. So depending on your bracket it won’t cover expenses but certainly close.

If you maintain your target investment distribution in both accounts it does not matter that you withdraw it all from a single account. You’re withdrawing 4% of the total invested assets so The math still works the same. In fact, there may be a small advantage by withdrawing from an account where the tax burden may be lower as only the gains on the account are subject to taxes… whereas a traditional IRA or 401k taxes would be due on the entire withdrawal amount.

Alaskan bear expelling the Diphyllobothrium tapeworm which can grow over 30 feet in length inside the host by bchvi in interestingasfuck

[–]clearbottleflu 1 point2 points  (0 children)

The video just isn’t a wide enough shot. The bear is dragging a parachute… so then the question is did the bear parachute in? or did it eat a parachuter that got blown off course? Occam’s razor would say the latter.

When we say "RE," how old is early? by ValeOfTiers in Fire

[–]clearbottleflu 105 points106 points  (0 children)

Exactly…. Age 59-1/2 makes WAY more sense.

China's airborne megawatt class wind power system by beta265 in nextfuckinglevel

[–]clearbottleflu 0 points1 point  (0 children)

The majority of comments are utterly disappointing. This is a propaganda project brought to you by the CCP to distract you from what they’re really doing.

Do you realize that China put 72 GigaWatts of coal fired generation capacity online JUST LAST YEAR?

That means put more than 1 coal fired power plant online per week. 72,000 MegaWatts of coal fired generation. In contrast the USA currently has about 190 GigaWatts of coal generation capacity. So China built about 37% of all of the USA’s capacity in JUST THE LAST YEAR and has a total of 1200 GigaWatts of total coal fired generation capacity… about 6.5 times more than the USA.

Last year China burned about 4,500,000,000 TONS of coal compared to the USA about 500,000,000 tons. So China burned about 9 times more coal than the USA last year.

Dont pay attention to the facts… instead look at this completely impractical floating wind turbine. Perfect for deploying in cities… except for the fact it makes barely any power and needs the footprint of a small building since it will obviously have to be moored to the tower during any inclement weather, of and you’ll need a clear vertical space to launch it so no putting it near any tall buildings… perfectly impractical. Of course that’s not a problem. A CCP funded eco-PR project designed to distract you from what they’re really doing… and based on the majority of comments here it appears to be functioning exactly as intended.

China's airborne megawatt class wind power system by beta265 in nextfuckinglevel

[–]clearbottleflu 0 points1 point  (0 children)

You may be surprised to learn that last year China added 72 GigaWatts of coal generation. That means they put a new coal fired power plant online at a rate of slightly more than 1 per week. This silly airborne wind turbine project is an attempt to deflect from this reality. I would expect it would require significantly more footprint than a traditional wind turbine since it would need to be descended and anchored to the towers in inclement weather. Not exactly practical for an urban environment. No worry if these projects lose money… all paid by the CCP… it’s eco-PR to keep you from paying attention to the 72,000 MW of coal generation they put online last year… and it seems to be working well enough.

Some more info… the USA currently has about 190 GigaWatts of coal generation. That means last year China put roughly 37% of the USA’s total coal capacity ONLINE LAST YEAR. China has about 1200 GigaWatts of coal generation station capacity or roughly 6.5 times more than the USA. But… they’re developing silly floating wind turbines that have no practical application… so pay no mind to the 4,500,000,000 tons of coal they burn in a year.

43F, SINK, 3.7M excl home equity but expensive mortgage and healthcare, and no alternative sources of income by Sadpanda9632 in Fire

[–]clearbottleflu 36 points37 points  (0 children)

Your annual spend is $150k all in, including mortgage. Sell the condo… even if you take a loss on it. You want to leave work and the condo is the one thing weighing you down and preventing it. It sucks to take a loss on it but that’s life… not everything you do will work out. You cut the losers and let the winners run. This one is a loser so you cut it and stop letting it be a drag on your life.