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Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.
this is insane:
I'll hop on this VST train too. I've had an itch for gambling.
I too jumped in for 100 shares of VST
I like the stock
they report 4q earnings friday before the bell. there should be a lot of talk about what happened last week.
Hopping in on $24 and $30c 3/19c tomorrow morning. 1k in each. Let's go casino!
the spread on those 30s are pretty big
I'll be honest, I don't even know what that means.
there is a bid of $0 and an ask of $.15 so you'll likely end up paying .15
the ask is also .15 on the 28s so you're better off getting those
but really you're better off paying .20 for the 27s
assuming these are all the same tomorrow if the stock opens flat.
I'm not deranged enough to liquidate to get involved in calls so you just used my cash balance to buy some stock
Because of you, friend. I hope to send you more wine.
I bought 100 3/19 $25 Calls at $0.40
The gambling going on in here is truly incredible and I respect it
Happy to finally earn your respect wow
Fuck it, it’s just money
The funniest part was when I went to Twitter to see if other people were talking about this stock
And just stumbled into your Twitter
The Texas energy trades have been the only thing on my mind since last Wednesday
If you don't do options; is the play to buy VST at open and just keep holding? I have some money to throw at this.
I also like money. Bought 5 options 25 calls 3/19 Might buy some more tomorrow the more I read this thread
it’s the new hey Mikey
Can someone direct me to the post on why we’re buying VST? Just so I can pretend I know what’s going on.
$10mm donation tonight, that’s really only $3mm if you read the article, foreshadowing bad news tomorrow morning?!
I'm in NIO @ 62.4. I think I'm going to buy more at this discount.
Teach me about indexed universal life insurance plans. Specifically, is the advisor I’m meeting tomorrow is just trying to make a quick commission?
I was very skeptical when one of the first things he recommended was a life insurance policy, obviously a red flag. I’ll admit, the plan is intriguing. It sounds like tax-free growth, and the opportunity to tap into the money before retirement.
Yes he is fucking you.
If someone won’t tell you what their commission is on the products they’re selling then walk far far away
term life is the only version of life insurance that seems worth
but it's all very based on personal scenarios, kids, family, etc
on a quick googling that shit seems suspect as hell
term life is definitely the correct choice
If someone tries to sell you life insurance as an investment I would recommend canceling the meeting because they don’t give a fuck about you or your priorities they only care about making the most money possible for themselves
This. Insurance shouldn’t be used as an investment tool.
IULs have their place but should never be sold as investments the same way a WL policy shouldn’t
This is really where the grown ups hang out, isn't it?
Not sure whether to post this here or in the "stupid shit your wife/gf does" thread, but...
Based on conversation tonight it sounds like my gf transferred $50k when she opened her Vanguard account in March 2020... BUT... it may just be sitting in her settlement/money market account. Not invested in anything. Fuckin March 2020. Goddamn. I need to help her figure this shit out asap.
Can you help me understand why the tax free growth, and ability to borrow against the policy before retirement, isn’t great as it sounds?
Define "grown ups"...
Forward thinking responsible adults.
high fees and capped returns? I’m no insurance expert but that doesn’t sound very good to me
The premium you’re paying is post tax dollars so any growth along with the principal is tax free. Majority of your premium cost is going into the cash value with the remainder going towards the costs of insurance.
if designed correctly you can start receiving installments of the built up cash value at whatever age you set as “retirement.”
just like with any life policy that has cash value you can borrow against it at any time.
be aware of the fees associated with the policy for managing the money being invested and whenever you borrow against it prior to the set date on when you can start receiving distributions.
In no way shape or form should it be an investment vehicle but it’s very unique in what it can do and can be a better fit compared to other types of policies depending on your needs.
Ugh I had to convince my wife that investing in just bland equities like Apple and google was a good idea. Before she met me she just had a savings account and legit freaked when I was like let me invest for you in simple safe stuff.
She also hates the idea of “debt” so much that she was worried about a mortgage
I have a totally separate account where I trade
Thank god for your Tesla money so that you didn’t have to worry about a mortgage.
Dave Ramsey and his cult have made a lot of people financial morons that don't need to be.
Well I must say there could be much much worse traits than that.
Uhhhh pre market looks really bad
Good call on avoiding ARKK right now. This thing has been tanking lately.
(Although, everyday I keep getting the itch to buy it right now.)
I've got 25K that I'm itching to lose, but maybe less risky than the penny stock thread.
dear mr. powell could you please commit to not raising interest rates in front of congress today
someone who just started investing
Havent they already done that? 2023 at the earliest.
my bad I meant the opposite of that.. like I want to enter now in some deep red. But good to know
DCA into this dip.