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Anyone investing heavily this year??

How much money did you lose/gain this past week?

  • I have been looking at the payout on my wife's life insurance policy...do I still need her?

    Votes: 2 6.7%

  • I guess I will postpone paying off the mortgage for a few more years

    Votes: 19 63.3%

  • I knew this day would come and was shorting the hell outta the market

    Votes: 9 30.0%
  • Total voters
    30
  • Poll closed .
Helico-pterFunk

Helico-pterFunk

Rising Star
BGOL Legend
www.thedailybeast.com

Winklevoss Twins File Suit Over Their Crypto Lending Disaster

They accuse fellow crypto tycoon Barry Silbert and his company of engaging in a massive fraud.
www.thedailybeast.com


cointelegraph.com

Crypto Biz: Winklevoss slams Silbert, Twitter’s double-edged sword and more

Twitter’s plans to roll out a payment platform took a major step forward this week as its subsidiary, Twitter Payments, received its first money transmitter licenses in the United States.
cointelegraph.com cointelegraph.com


www.bloomberg.com

Winklevoss Twins’ Gemini Sues Crypto Conglomerate DCG, Citing Fraud

Gemini Trust Co., the digital-asset exchange founded by the billionaire Winklevoss brothers, filed a lawsuit against Digital Currency Group Inc. and its chief executive officer Barry Silbert, alleging “fraud and deception” stemming from a failed lending venture between the two firms.
www.bloomberg.com www.bloomberg.com
 
Madrox

Madrox

Vaya Con Dio
BGOL Investor
HellBoy said:
Name of the game is consistent contributions. Automate to keep emotions out of the process. I like the message.
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Word. I feel like exactly what he said (monthly automated investments into the S&P) should be the base-case foundation for everyone.

Crazy how many folks I talk to that think there is no middle ground between trading and investing for retirement. That base-case (in a taxable brokerage, for ex.) for anyone fresh out of HS or college gives you hella options by the time you reach your 40's, possibly earlier.
 
DC_Dude

DC_Dude

Rising Star
BGOL Investor
Madrox said:
Word. I feel like exactly what he said (monthly automated investments into the S&P) should be the base-case foundation for everyone.

Crazy how many folks I talk to that think there is no middle ground between trading and investing for retirement. That base-case (in a taxable brokerage, for ex.) for anyone fresh out of HS or college gives you hella options by the time you reach your 40's, possibly earlier.
Click to expand...
Madrox said:
Shout out to @850credit for droppin this

OP:
Click to expand...


ALL FACTS!!!
 
DC_Dude

DC_Dude

Rising Star
BGOL Investor
Madrox said:
@DC_Dude

My homegirl does the same. I hear Fidelity is good with that too.

I'm with M1, they don't really offer consults (that I know of) but the foundation of both my taxable brokerage and Roth is a low-fee broad market index etf + a total international etf. Then a few individual companies wrapped around those.
Click to expand...
FYI - did this last Friday and was very, very helpful.

Thanks for letting me know that Fidelity offers these services
 
Madrox

Madrox

Vaya Con Dio
BGOL Investor
DC_Dude said:




I have to read more into this Peter guy. Damn
Click to expand...

I think there was an article posted up a while back about how he stashed or back-doored some IPO shit in his joint and caked off. Lemme see if I can find it..

EDIT: Here's some info. I may not be remembering 100% correct though:

www.propublica.org

Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank

Roth IRAs were intended to help average working Americans save, but IRS records show Thiel and other ultrawealthy investors have used them to amass vast untaxed fortunes.
www.propublica.org www.propublica.org

www.marketwatch.com

How Peter Thiel turned $2,000 in a Roth IRA into $5,000,000,000

Roth individual retirement accounts were created to help middle class earners set aside money for retirement that they wouldn’t have to pay taxes on at...
www.marketwatch.com www.marketwatch.com
 
Last edited:
HellBoy

HellBoy

Black Cam Girls -> BlackCamZ.Com
Platinum Member
Madrox said:
I think there was an article posted up a while back about how he stashed or back-doored some IPO shit in his joint and caked off. Lemme see if I can find it..

EDIT: Here's some info. I may not be remembering 100% correct though:

www.propublica.org

Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank

Roth IRAs were intended to help average working Americans save, but IRS records show Thiel and other ultrawealthy investors have used them to amass vast untaxed fortunes.
www.propublica.org www.propublica.org

www.marketwatch.com

How Peter Thiel turned $2,000 in a Roth IRA into $5,000,000,000

Roth individual retirement accounts were created to help middle class earners set aside money for retirement that they wouldn’t have to pay taxes on at...
www.marketwatch.com www.marketwatch.com
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He did have a series of SPACs out there in 2020, wonder if he flipped those in his IRA.

In the early days of the pandemic, Thiel's data-mining company Palantir Technologies Inc. secured more than 100 deals, including contracts to help governments and corporations combat Covid-19.
Click to expand...

His venture firm Founders Fund backed several companies that went public, including vacation rental site Airbnb Inc., productivity software startup Asana Inc. and ContextLogic Inc., the parent company of discount shopping site Wish. (Another Founders Fund investment, lending startup Affirm Inc., came close to listing but delayed its IPO.)
Click to expand...

www.bloomberg.com

Peter Thiel Was a Winner in 2020 IPO Rush

Hi all. It’s Lizette. For most people, 2020 will go down as a staggeringly dreadful year—including a pandemic, police brutality, protests and wildfires. But in tech, a few people made a fortune.
www.bloomberg.com www.bloomberg.com
 
Last edited:
DC_Dude

DC_Dude

Rising Star
BGOL Investor
Madrox said:
I think there was an article posted up a while back about how he stashed or back-doored some IPO shit in his joint and caked off. Lemme see if I can find it..

EDIT: Here's some info. I may not be remembering 100% correct though:

www.propublica.org

Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank

Roth IRAs were intended to help average working Americans save, but IRS records show Thiel and other ultrawealthy investors have used them to amass vast untaxed fortunes.
www.propublica.org www.propublica.org

www.marketwatch.com

How Peter Thiel turned $2,000 in a Roth IRA into $5,000,000,000

Roth individual retirement accounts were created to help middle class earners set aside money for retirement that they wouldn’t have to pay taxes on at...
www.marketwatch.com www.marketwatch.com
Click to expand...

Got damn Thanks! Man he made off like a FAT RAT! Goes to show why that ROTH is GOLD though...
 
HellBoy

HellBoy

Black Cam Girls -> BlackCamZ.Com
Platinum Member
The luxury EV maker, Lucid Group Inc (NASDAQ:LCID) just reported it missed its Q2 delivery estimates.

During its second quarter deliveries, Lucid delivered 1,404 vehicles, below the expected 1,873, while producing 2,173 vehicles in the quarter, which is less than first quarter’s output of 2,314. Back in May, the California-based automaker confirmed it was on track to produce 10,000 EVs this year but unlike Rivian Automotive (NASDAQ:RIVN), General Motors (NYSE:GM) and Ford Motor (NYSE:GM), Lucid did not meet its EV production target, labeling the luxury EV maker as a broken growth story. However, not all was gloom and doom during the quarter as Lucid signed a long-term strategic technology partnership deal with Aston Martin Lagonda Global Holdings (OTC:ARGGY) under which it will be supplying components and systems to power future Aston Martin EVs.
 

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