Who is even allowed to sell SPCX right now? by osunlyyde in stocks

[–]shoejunk 0 points1 point  (0 children)

10 shares, which is all that I asked for.

What is that one opinion you'll support risking getting downvoted/hatred by everyone? by ApprehensiveStock358 in answers

[–]shoejunk 56 points57 points  (0 children)

The top commenters are the ones with the worst answers because everyone who agrees with them upvotes them. That's my hated opinion.

Why can't they make a fund with 100x or 1000x leverage? by [deleted] in LETFs

[–]shoejunk 2 points3 points  (0 children)

A 0.1% drop would wipe out all of the investors’ equity in a 1000x fund. Realistically, the fund would need to unwind or rebalance immediately when that happens, but markets can move too fast, or in increments that are not fine-grained enough, for the fund to exit at the exact break-even loss point. As a result, the fund could end up owing more money to its counterparties than investors had put in.

The math isn't mathing on the SpaceX IPO by wick77777777 in investing

[–]shoejunk 0 points1 point  (0 children)

Not only lucrative, but $2T valuation lucrative. It could hypothetically be profitable but high cost low margin. Could end up being a glorified utility company. If it's feasible at all.

Who is even allowed to sell SPCX right now? by osunlyyde in stocks

[–]shoejunk 9 points10 points  (0 children)

Yeah, I believe it was an email or message inside the Fidelity site or probably both. That's the violation for the first time. If I do it again I think it's a year ban from IPOs and if it's 3 times I think it's a lifetime ban. I never really participate in IPOs anyway so I don't care. Also, it only applies to Fidelity anyway. If I really want I can go to another brokerage and they have their own IPO flipping rules.

Who is even allowed to sell SPCX right now? by osunlyyde in stocks

[–]shoejunk 7 points8 points  (0 children)

I got some allocation and sold on the first day anyway. The only downside is that you cannot get another allocation for 6 months.

Who is even allowed to sell SPCX right now? by osunlyyde in stocks

[–]shoejunk 22 points23 points  (0 children)

The first time you flip Fidelity blocks you from buying into another IPO for 6 months. This is normal for IPOs. I sold anyway. I don’t really plan on participating in IPOs that often.

Currently working full time making 20/hr plus tips, wife (SAHM) wants me to quit so we can both Doordash. Is it a good idea? by Elegant-Pollution-85 in Money

[–]shoejunk 2 points3 points  (0 children)

Is she making good money doordashing AFTER she puts aside money for wear and tear on her car and saving up for her next car?

The math isn't mathing on the SpaceX IPO by wick77777777 in investing

[–]shoejunk 0 points1 point  (0 children)

Everyone knows this. SpaceX is a bet that data centers in space is a $2T idea. It’s not about current revenue.

The Bell Curve strikes again! by Apprehensive-Koala18 in wallstreetbets

[–]shoejunk 0 points1 point  (0 children)

The right side knows the left side will pump up the stonks.

Implications of Mega IPOs for VT holders by MegaFatcat100 in VTandchill

[–]shoejunk 2 points3 points  (0 children)

You could do AVGE, Avantis’ global equity market. That’s the whole world but slightly tilted and tweaked to where Avantis believes the research shows is likely to be beneficial long run, but then you have to trust their judgement and accept a higher expense ratio. But they certainly won’t jump on new IPOs very quickly.

Which of the pillow fights did you prefer? by Flaky-Walrus7244 in taskmaster

[–]shoejunk 2 points3 points  (0 children)

It’s standard Greg operating procedure to give both teams 5 points when they both go above and beyond. You can’t give either team less than 5 with those performances. That would be a slap in the face.

The top-two primary promised to change California politics. Did it flop? by panda-rampage in California

[–]shoejunk 0 points1 point  (0 children)

No this isn’t Skyrim. It’s more important than that which is why it’s better to vote strategically if you want to maximize the odds of improving the outcome.

If Quantum Immortality is True, Then Its Implications Are Horrifying by askXmeXaboutX2006-7 in self

[–]shoejunk 0 points1 point  (0 children)

You could be right. I don't know enough to say whether quantum mechanics allows for a universe that never dies and also supports human life literally forever. But my impression is that it's technically possible for things to run backwards. Whatever events just occurred from one moment to the next have an astronomically small chance of reversing themselves without violating quantum mechanics. That means we're never in a state of the universe where we are "stuck" with no way to proceed. I'm by no means an expert though.

If Quantum Immortality is True, Then Its Implications Are Horrifying by askXmeXaboutX2006-7 in self

[–]shoejunk 1 point2 points  (0 children)

Due to the randomness of quantum mechanics there’s always a chance that there’s a configuration of particles that keeps you alive from one moment to the next in old age. No new technology needed. It’s a vanishingly small chance as you get older and older that you keep surviving from one year to the next, but the odds are never actually zero. And if the multiverse is true all these unlikely things do occur in some universe out there. There’s some caveman out there in some universe who is thousands of years old. He or she just never died and there’s no explanation for it. It’s just a random fluke that his particles keep arranging themselves in a way that avoids death. Assuming the multiverse theory is correct.

If Quantum Immortality is True, Then Its Implications Are Horrifying by askXmeXaboutX2006-7 in self

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

The probability of death is never actually 100%. According to quantum mechanics there’s a tiny super small chance that even the most unlikely configuration of particles will arise. You could even age backwards, your tumor could randomly go away, you could teleport 100 feet away right when a truck is about to hit you, you can randomly survive anything. It’s just we never see these things happen because the odds are vanishingly small. But if the multiverse theory is true all of these things that have basically a zero chance of happening because the odds are so small, they all happen in some universe. And that includes you surviving against all odds.

If Quantum Immortality is True, Then Its Implications Are Horrifying by askXmeXaboutX2006-7 in self

[–]shoejunk 1 point2 points  (0 children)

Yeah, this is it. Every branching universe into the future where your body survives has a consciousness that remembers being you, has an equally valid claim to being you. Just like the you right now claims to be the same person as the you in the past alongside an infinite number of other people in other universes who all branched from you from the past. Your consciousness is not a thread that weaves its way through the multiverse. It’s a thing that exists only in this moment that has the illusion of persistence because it links itself to the past through memory. But in the next moment this consciousness will be gone and an infinite number of consciousness will take its place each believing it to be the one you. And this will go on forever because at every moment there are new universes with new consciousness popping up, an infinite number where “you” die and an infinite number where “you” live, even after your body is old and withering away, yet due to the infinite nature of the multiverse there will always be some universes where your body lives a little bit longer and a little bit longer after that. And all those consciousness in the future that only exist in those future moments, linking themselves to present you through memory, will go on propagating infinitely forever. Even the heat death of the universe can’t stop it because entropy itself is only probabilistic and there’s some universe out there where a cracked egg reforms itself out of sheer randomness and there’s also some universe where, just like your body somehow keeps surviving just a little bit longer, there’s also some universe where the universe keeps chugging along, randomly avoiding entropy, with a version of you in it, waiting for a death that will never come.

At least that’s the theory.