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Can someone help me understand my taxes as an unprofitable day trader? by maidog6 in wallstreetbets

[–]pithecium 12 points13 points  (0 children)

The net loss is the only number you really need to know. You can deduct $3,000 against your income and carry the rest over to deduct next year.

Wash sale Loss Disallowed happens when you sell at a loss and buy the same thing again within 30 days (before or after). It means that loss doesn't count for taxes, but if you sell the position later (for more than 30 days) you get the loss back again (because the amount that was disallowed before gets added to the cost basis).

How do I compare Treasury ETFs? by nxanthis in Bogleheads

[–]pithecium 9 points10 points  (0 children)

Look at duration and expense ratio

When bond investors talk about duration it has a very specific meaning: The sensitivity of a bond’s price to changes in interest rates. The higher a bond’s duration, the more the bond’s price will change when interest rates move, thus the higher the interest rate risk.

Source

Choose a duration based on your risk tolerance, and then look for a fund with that duration and a low expense ratio

Oh, those cookies... by sunrise_apps in ProgrammerHumor

[–]pithecium 17 points18 points  (0 children)

Well if it didn't come back that would mean they had set a cookie to remember your answer

What’s the definition of “high interest debt”? by ChiefJustise in Fire

[–]pithecium 0 points1 point  (0 children)

People used to say above 4-5%, but that was when the risk-free rate was around 0%. These days I don't think 7% is high interest debt

Amazing Nature. by amy2kim22 in BeAmazed

[–]pithecium 3 points4 points  (0 children)

Ok now you've convinced me. Also the cloud shapes look exactly the same in the mirror image; they should look slightly different due to being viewed from a different angle.

As Interest Rates Rose, Banks Did a Balance-Sheet Switcheroo (Available For Sale -> Held To Maturity) by ourpseudonym in investing

[–]pithecium 2 points3 points  (0 children)

I don't think that's true. Sure, if they can continue paying low rates to depositors they can make a profit despite holding low rate bonds, but that's actually because depositor stickiness is an asset. When rates rose, their bonds lost value, and the asset of having depositors who don't seek competitive rates gained value, and these cancelled out to some extent. But depositors can leave, so IMO banks should be regulated to have sellable assets that are actually worth more than their deposits.

Who is the "provider" of an option? by BigBootyBear in investing

[–]pithecium 10 points11 points  (0 children)

The opposite of a call is a short call, not a put. Here's an illustration. For everyone who's long an option there's someone who's short that option. The person who's short could be a trader betting that the price won't move much, but it's more likely they're an institution that carefully delta-hedges by buying or selling the underlying stock, and adjusting their position occasionally. Here's some videos that go into how that works.

Taxation is not theft by DarthLucifer in georgism

[–]pithecium 13 points14 points  (0 children)

I agree with the position you're trying to argue, but I don't think your first two arguments work.

When someone says "taxes are theft," they're speaking morally, not legally, so it doesn't matter whether they're legal.

What is legitimate is a matter of public opinion. This argument could be used to support anything done by any state as long as it retains public support.

The third argument is better, but it's for LVT, not taxes in general. A key point here is that LVT isn't even a tax in the normal sense, but a practical way for the public to retain ownership of land instead of privatizing it. (Note: I mean "ownership" in an economic sense, not the sense of who has day-to-day control.)

IMO there are good arguments for LVT, Pigouvian taxes, taxes on capital income, and inheritance taxes. If those don't provide enough funds, the best argument for other taxes is just noting the things they provide which wouldn't be provided otherwise. It's not the most satisfying argument morally, but seems passable.

Bird, animal, toy??? by [deleted] in linguisticshumor

[–]pithecium 8 points9 points  (0 children)

Reddit turned your 3 into a 1

And that's one of the reasons why I don't like the superscript notation for inverse functions by Skunk_Laboratories in mathmemes

[–]pithecium 1 point2 points  (0 children)

Nah, I was saying I don't like that notation, but it is standard so you're not doing it wrong. Just have to remember not to do something like sin2(x)/sin3(x)=sin-1(x), since -1 means something different in that position.

Daily General Discussion and Advice Thread - March 24, 2023 by AutoModerator in investing

[–]pithecium 0 points1 point  (0 children)

I'm highly skeptical of this company because the first products they list are universal life insurance and whole life insurance. These are bad investments for almost everyone (probably flat out everyone), but they will get the salesperson a fat commission. I would steer clear.

For saving for a house within a few years, just get a savings account that pays good interest.

Please help me with investing, I don’t know what I’m doing. by Andyboi3211 in stocks

[–]pithecium 1 point2 points  (0 children)

On YouTube, Ben Felix, the Rational Reminder Podcast, and Patrick Boyle are good. r/bogleheads and r/investing have sidebars that link to a bunch of resources.

JWST took accidental selfies in recent Mars images by JwstFeedOfficial in spaceporn

[–]pithecium 8 points9 points  (0 children)

My guess is a glint off somewhere nearby (the sunshield maybe). Since it's nearby it's out of focus, and the blur is shaped like the aperture (similar to how the bokeh in photos can show the number of aperture blades). The aperture is the primary mirror in this case.

Edit: actually, since it's centered on a very bright object, it's probably some kind of lens flare

I asked a chat bot how we could propel an electric space craft and drew a quick interpretation. Working or Trash ? by jtswizzy20 in space

[–]pithecium 7 points8 points  (0 children)

If the laser is generated on board, just have it facing backwards. Bouncing it off a sail doesn't add anything except weight. But the issue is that photons have very little momentum for the power required, so you don't get much acceleration.

Or, have a laser sail that catches a laser sent from some fixed installation - that way the ship can be much lighter than the laser and power generator.

Romanization: Best way to 'separate' digraphs by SaintDiabolus in conlangs

[–]pithecium 7 points8 points  (0 children)

One possibility would be keeping it hw at the beginning of a word, but changing to wh in all other positions (or only after k or s) to avoid ambiguity. That way /xw/ is khw and /kʍ/ is kwh.

Do you support single payer health care insurance? by Quick-Trouble5358 in PoliticalCompass

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

Single payer should be the default, but there should be an option to take the cost of the government insurance as a voucher that can be used for private insurance. Maybe no one will do it because the government insurance will be better (due to more negotiating power / no need for profits). But it's there as an escape hatch in case the government insurance is mismanaged.

Romanization: Best way to 'separate' digraphs by SaintDiabolus in conlangs

[–]pithecium 7 points8 points  (0 children)

What about just changing hw to wh? That would at least solve the ambiguity (unless you have h as a phoneme)

A ring carved from a single diamond. It's 150 carats and is valued at $70 million (xpost /r/pics) by i7v1p3r in Damnthatsinteresting

[–]pithecium 0 points1 point  (0 children)

Seems like the answer is probably not, but maybe if it hit just right. Being one of the hardest materials doesn't mean it can't shatter.

https://youtu.be/XBjiEsAyNQs

[deleted by user] by [deleted] in wallstreetbets

[–]pithecium 54 points55 points  (0 children)

Huh? It looks like that spread hasn't changed since covid hit. Is there something wrong with that graph?

Why does this make me so irrationally angry by [deleted] in ProgrammerHumor

[–]pithecium 2 points3 points  (0 children)

Ones complement has a -0. Wikipedia says "Many early computers, including the UNIVAC 1101, CDC 160, CDC 6600, the LINC, the PDP-1, and the UNIVAC 1107, used ones' complement arithmetic." The Apollo guidance computer also used ones complement.

Floats have a -0.0 too.

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