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CoronitaParticipantWell to be fair, at least if you’re a tech worker, NYC and NJ would be a shithole place to work anyway imho. So it’s probably better this didn’t happen, for Amazon at least.
CoronitaParticipantlooking at my 2019 portfolio so far…. once again, my vanguard account with only index funds are trouncing my actively traded schwab account. Fortunately, with my schwab account I’ve been slowly switching to Schwab no commission ETFs that track the indexes. 2019 has been good so far. I think the passive drip and forget into passive index funds is still the winning strategy for the long term
My kids 529k account is on fire. Approaching $200k…I am contributing even more. Thanks to the new tax law changes allowing TAX FREE 529 distributions for private K-12 tuition up to $10k/year per person, I am going to be paying for my niece and nephew’s K-12 private school up to $10k/year per person per year and getting that same amounted gifted back to me, so can do tax free $20k in capital gains distributions tax free essentially.. heh heh
CoronitaParticipant[quote=The-Shoveler]I got one, don’t have the info handy but it sounds about right
5% Amazon purchases
2% gas etc…The only reason I got one was because I got $70 Amazon cash for signing.
Still on my 30 day free trial AP, may not keep it,
Seems to me they add the shipping into the cost on most stuff.[/quote]
Just got my Amazon Visa and $70 gift card. Cool.
Amazon prime is worth it for me. I split my membership with a family member.
I find that prices at Walmart.com are pretty comparable. Amazon for a lot of home improvement projects is cheaper than say Home Depot.
CoronitaParticipant[quote=The-Shoveler]LOL well it does look like SD will get some of the Jobs and investment.
Amazon already has a pretty big presence here …
The other company staffing up here is… Walmart Labs (their ecommerce group)….They are right next to where GoPro is in Carlsbad
Oh well, NY doesn’t need those 25k jobs to make up for that lost tax revenue, right?…. …. AOC probably is proud…. More room for Green Deal Jobs…. ha ha ha. Dumb idiots
CoronitaParticipantI remember about 14 years ago, a co-worker of mine who was a die hard progressive admired a Latin America country. He praised how well that country was run… how they had a wonderful working public health system, wonderful energy reserves, balanced economy, a government that lacked the corruption we have in the US, a strong socialist leader that cared about the greater good of the country. I challenged him and asked if things are so great why doesn’t he move there…..He said he was working on it.
Anyway, he was talking about Venezuela. I hope he moved there…. lol…
CoronitaParticipantIf people actually lived elsewhere an extended period of time, they would appreciate what America still has to offer versus just about everywhere else. Folks that don’t understand are entitled spoil brats that haven’t experienced what corruption and extreme government is.
People that routinely say how much better Europe or in a third world shithole is, but still remain in the US, gloss over the fact that they still are here because, despite everything they bitch about, their economic well being and freedom to complain is still better here in the U.S than anywhere else. Otherwise, they would have left a long time ago. These folks can’t dance around that fundamental fact. They are just unappreciative of what they have. It’s really the same thing as those that complain about how liberal and horrible California is, but have yet to leave the state.
See BrianSD(FlyinHi), you and NeetaT are have a lot in common, more than you think! Lol…
CoronitaParticipantRecently, my kid in social studies is studying the Roman Empire ..And as I predicted, the assignment was compare and contrast the fall of the “Roman Empire to the United States.” Is the US doomed to the same fate as the Roman Empire. And then my kid asked are we going down the same way the Roman empire did?
I chuckled … This is the same assignment I was given when I was roughly her age and that was back in 1992, when folks were predicting the same decline of the US and the US would eventually blow up in 10-20 years.. Coincidentally, during the time during the Savings and Loans crisis that left many people foreclosed on and jobless and the economy was in tatters and the outlook extremely negative, especially in SoCal when the aerospace industry vaporized more or less….
I told my kid about all the positive things about the US, how we are still around, and how a percentage of the population are doing just great, our family being one of them, unemployment being at an all time low, innovation after innovation..
But I left the remark that if you want an easy A on the essay, it’s far easier to be negative and argue we are going down like the Roman empire did, even if you don’t believe it….But I am pretty sure 20 years from now, your kids will get the same assignment and we will still be here….
Extreme Pessimism, I explained, is a great seller for academic exercises and for getting easy A’s on research projects in academia…Because many of the leaders in academia are grumpy old farts that want to be correct with their predictions… That’s why they stay in academia instead of working in the real world….But that’s not how the shit works in the real world. In that’s been proven time after time again….after every recession. You have winners and you have some losers. try not to lose…lol.
I think the people that really got left behind were the ones that bought into all that negativity AND bet their financial future on the doomsday scenario….lol….
CoronitaParticipantjust build the damn wall and move on…people are going to end up digging under it anyway . China built one a long time ago.
Call it the Great Wall of America.
CoronitaParticipantso… for argument sake. what is the big deal about constructing a border wall? Aside from being a wasteful use of funds, it’s not like our federal state local governments don’t waste money in general. For example, the CA bullet train that just got canned more or less.
It the resistance to a border wall more symbolic versus the actual cost?
CoronitaParticipant[quote=The-Shoveler]”Hate him as much as you do, but my prediction is Trump is going to win a second term for 2 reasons.”
1) No Stupid wars.
2) Peace and prosperity are worth something.
Other than that I think the guy is actually nuts too.[/quote]
I didn’t say he wasn’t. I just think this country’s leadership fell off the rocker….
I’m laughing at AOC like nutjobs and things like the Green Deal. Did folks read it? Trump is correct. it’s nuts.
Let’s fast track affirmative action for everything too… lol….
These days I enjoy my life with my net worth reserves. I figure if they come after it, I’ll spend it all or convert it to gold and pretend to be broke and have no money. let government take care of me.
CoronitaParticipantHate him as much as you do, but my prediction is Trump is going to win a second term for 2 reasons.
1. There are way too many democrat candidates, and will end up splitting the votes.
2. Many of them are ridiculously crazy and do come across as extreme socialists.
AOC is definitely not helping… She’s nuts. The Green Deal is nuts. Even Bill Gates thinks she and it is nuts… And it’s making the Democrats look like they are nuts.
A lot of Trump haters haven’t come to the rationale thought yet….But there are a handful of democrat leaders that if elected would be far more detrimental to the US than Trump could be… Can you imagine someone like AOC at the helm? Insane. And it’s because of all these people in the spotlight representing the Democrat party , a lot of voters are going to vote the other way even if they don’t like Trump…or not vote at all.
CoronitaParticipantif you are going to play with dividends, perhaps you should consider higher quality preferred shares like VZA or similar.
The issue with counting on dividends for common shares is that if the company sustains a huge financial setback, that dividend payment gets cut big time.
For example, it happened with CHK, Mattel, and more recently GE, and soon to happen with PG&E.
CoronitaParticipant[quote=mom2dmd][quote=flu][quote=NeetaT]Democrats: High taxes / High fees / Big government
Republicans: Low taxes / Low fees / Small government
There’s your answer![/quote]
and you conveniently keep ignoring my comment… aren’t your 2018 taxes much more than 2017 because of the SALT deduction cap , which was instituted by the GOP? Why do you coveniently lie to yourself and deny this?[/quote]
You seem to be the one in denial or confused. The SALT cap should motivate taxpayers in high-tax blue states to reign in taxation and spending by their state and local governments to the extent taxpayers don’t agree with state and local government policies. Short-term: higher total taxation. Long-term: lower total taxation and/or greater accountability/transparency of state and local governments.[/quote]
The easiest way to test if someone argues strictly based on the financial merits of a tax change or argue only based on political affliction associated with the tax change is simply to substitute the political party that introduced the tax change to see if the person had the same reaction.
I am pretty confident that neetaT and you are in the same category , the latter category… If the democrats I introduced this SALT cap, neither of you gloss over it, neither of you would be redirecting to the idea that this is strictly a blue states problem that should be solved by your proposed unlikely solution that you know well wont happen, and that this SALT cap is a good thing. Both of you would be screaming off the top of your head that “look at all those democrats increasing taxes again”. The only reason you are redirecting is because this is the largest tax increase for many of you and it came from the Republicans.
This is why many of you don’t mind getting screwed. because rather than view this as a more tax versus less regardless of party, many of you still argue red versus blue even when it’s against your best interest, lol.
But hey enjoy your higher tax bill to support the red cause in red States. ha ha ha
CoronitaParticipant[quote=henrysd][quote=flu]I guess it was a good thing that I got out of the Vanguard CA tax exempt municipal bond fund a few years ago that is stacked high with PG&E’s bond…
I wonder how that’s going to play out.[/quote]
Out of $415 m Vanguard owns, $413 m is insured, only $2 m subject to loss. Considered it is owned 3 funds with combined assets over 25b, the 2m possible loss is basically negligible. Even within 2 m possible loss, muni recovery rate is still high enough on get decent percentage out of the 2m back.
When Detroit went bankrupt, Vanguard also had large positions, but lost nothing in the end because the positions were insured.[/quote]
ic.. ok, good to know. I stand corrected.
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