WoV stock portfolio
Quote: DRichQuote: billryanJeff Bezos had long planned to sell several billion dollars ' worth of Amazon stock this week. He once again got lucky as the stock soared over 20% before he sold. Imagine cashing in four billion to clean up some debts.
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I guess that I am just old school. My thoughts are that if you are worth $250 billion you shouldn't have any debts.
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If you are worth $10,000, you shouldn't have any debt.
Quote: billryanQuote: DRichQuote: billryanJeff Bezos had long planned to sell several billion dollars ' worth of Amazon stock this week. He once again got lucky as the stock soared over 20% before he sold. Imagine cashing in four billion to clean up some debts.
link to original post
I guess that I am just old school. My thoughts are that if you are worth $250 billion you shouldn't have any debts.
link to original post
If you are worth $10,000, you shouldn't have any debt.
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I agree that no one should accrue debt but in todays world that is nearly impossible for 90% of people buying homes. Also, there are way to many advantage plays where credit card debt can be advantageous. I would guess that I have collected more than $100,000 in benefits from credit card offers.
Quote: DRichQuote: billryanQuote: DRichQuote: billryanJeff Bezos had long planned to sell several billion dollars ' worth of Amazon stock this week. He once again got lucky as the stock soared over 20% before he sold. Imagine cashing in four billion to clean up some debts.
link to original post
I guess that I am just old school. My thoughts are that if you are worth $250 billion you shouldn't have any debts.
link to original post
If you are worth $10,000, you shouldn't have any debt.
link to original post
I agree that no one should accrue debt but in todays world that is nearly impossible for 90% of people buying homes. Also, there are way to many advantage plays where credit card debt can be advantageous. I would guess that I have collected more than $100,000 in benefits from credit card offers.
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I don’t know if I’m up to $100k, but I never accrue debt. In the sense I always pay full balance each month. I think for very rich people debt can sometimes have tax and/or estate planning benefits.
I abhor debt. If after a round of golf I owe a partner $2 and forget to pay I can’t stop thinking about it! I do have a mortgage on second house which is just for tax purposes. (I’d have to pay capital gains taxes to round up the money to pay it off).
Quote: billryanI don't consider paying your credit card in full each month as accruing debt, but people tend to spend more when they are charging something rather than paying cash so it is something to watch for.
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I have mixed feelings on that. My credit card bills generally run between $5k to $30k a month depending on purchases. I do consider it debt until I send the balance as a payment each month.
Quote: DRichQuote: billryanI don't consider paying your credit card in full each month as accruing debt, but people tend to spend more when they are charging something rather than paying cash so it is something to watch for.
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I have mixed feelings on that. My credit card bills generally run between $5k to $30k a month depending on purchases. I do consider it debt until I send the balance as a payment each month.
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I do, as well. I don't charge anything I don't have the money to pay for. When I had my HVAC system installed, I got an interest-free loan for 36 months, but paid it off in less than 18. I was making about $12 a month in interest, but it wasn't worth the sick feeling of owing money. My credit card bill last month was $532, which earned about $10 in cashback.
Quote: DRichQuote: billryanI don't consider paying your credit card in full each month as accruing debt, but people tend to spend more when they are charging something rather than paying cash so it is something to watch for.
link to original post
I have mixed feelings on that. My credit card bills generally run between $5k to $30k a month depending on purchases. I do consider it debt until I send the balance as a payment each month.
link to original post
I do, as well. I don't charge anything I don't have the money to pay for. When I had my HVAC system installed, I got an interest-free loan for 36 months, but paid it off in less than 18. I was making about $12 a month in interest, but it wasn't worth the sick feeling of owing money. My credit card bill last month was $532, which earned about $10 in cashback. It's usually closer to $1,000, but that is my mental limit.
Quote: SOOPOO
Wife has been digging deep into Snowden. This has led her to instruct me to buy BAH and EYES.
[l/q]
BAH up over 18% in less than a month! I may start selling my wife’s stock picks?!?
How many people were aware of this before it was announced? Maybe the ‘aunt’ of a Nebius employee is now a new millionaire?
Edit. NBIS finished up 34% today. It’s now a NINE bagger for me.
Quote: SOOPOOI expected to be down a bit now today, but was surprised to be up a little. Why? Nebius. It’s a 50 billion dollar (now) company that was continuing to lose money. Their estimated ‘earnings’ for last quarter by the ‘analysts’ averaged to LOSING $0.62 a share. Reported today…. They MADE $2.03 a share. So up over 20% today.
How many people were aware of this before it was announced? Maybe the ‘aunt’ of a Nebius employee is now a new millionaire?
Edit. NBIS finished up 34% today. It’s now a NINE bagger for me.
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Nebius continues to lead the charge. Up another $7 today. Intraday new ATH at +259%
Quote: billryanA study of the market dating back to the 1970s shows it usually declines by 5% or more between August 18th and October 11th in election years. More in non-Presidential election years.
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Do you believe it is ‘predictive’? Meaning you will liquidate today and rebuy on October 11?
My fear is the day after the election, if as predicted the Democrats win the House and possibly also the Senate, how the markets will respond to the expected chaos that will ensue.
Did you mean November 11?
Quote: DRichQuote: billryanJeff Bezos had long planned to sell several billion dollars ' worth of Amazon stock this week. He once again got lucky as the stock soared over 20% before he sold. Imagine cashing in four billion to clean up some debts.
link to original post
I guess that I am just old school. My thoughts are that if you are worth $250 billion you shouldn't have any debts.
link to original post
Buy-Borrow-Die
Quote: SOOPOOQuote: billryanA study of the market dating back to the 1970s shows it usually declines by 5% or more between August 18th and October 11th in election years. More in non-Presidential election years.
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Do you believe it is ‘predictive’? Meaning you will liquidate today and rebuy on October 11?
My fear is the day after the election, if as predicted the Democrats win the House and possibly also the Senate, how the markets will respond to the expected chaos that will ensue.
Did you mean November 11?
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If one is in for the long haul, maintain the staus quo. The US economy does better under the scenario you described.
Quote: SOOPOOQuote: billryanA study of the market dating back to the 1970s shows it usually declines by 5% or more between August 18th and October 11th in election years. More in non-Presidential election years.
link to original post
Do you believe it is ‘predictive’? Meaning you will liquidate today and rebuy on October 11?
My fear is the day after the election, if as predicted the Democrats win the House and possibly also the Senate, how the markets will respond to the expected chaos that will ensue.
Did you mean November 11?
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What we've been seeing recently is how little effect the things they throw at us on "the news" has on markets. Elections and wars are all dwarfed by an earnings report from Nvidia. Most of the things we are told are big deals are actually click-seeking rageporn for one side or the other.
Quote: GenoDRPhQuote: DRichQuote: billryanJeff Bezos had long planned to sell several billion dollars ' worth of Amazon stock this week. He once again got lucky as the stock soared over 20% before he sold. Imagine cashing in four billion to clean up some debts.
link to original post
I guess that I am just old school. My thoughts are that if you are worth $250 billion you shouldn't have any debts.
link to original post
Buy-Borrow-Die
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My Godson married into a family that lives by that motto. He was skeptical, but ten years in, he lives in a nearly two million dollar house and drives a Range Rover. Hopefully it isn't all an illusion.
