Anyone investing heavily this year??

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


  • Total voters
    30
  • Poll closed .

Flawless

Flawless One
BGOL Investor
I had to call them yesterday about ACH payments taking three weeks to clear… I was told there was a TikTok trick, but people were trying to get free money from opening Fidelity accounts
Depends on the banks, my bank does it in 1 day or same day. I think it also depends on how long you have had the account opened and if you have any previous transfers.
 

RoomService

Dinner is now being served.
BGOL Investor
Depends on the banks, my bank does it in 1 day or same day. I think it also depends on how long you have had the account opened and if you have any previous transfers.
No, this is something totally different. He mentioned that people were depositing fake checks at Fidelity, which is now causing ACH payments to take three to four weeks to clear. I had an automatic deposit set up with Fidelity weekly, and now those deposits are also taking three to four weeks to clear—it started a few weeks ago.


 

Flawless

Flawless One
BGOL Investor
No, this is something totally different. He mentioned that people were depositing fake checks at Fidelity, which is now causing ACH payments to take three to four weeks to clear. I had an automatic deposit set up with Fidelity weekly, and now those deposits are also taking three to four weeks to clear—it started a few weeks ago.


Ok saw that one on the news. Think they said direct deposits from your job or from reputable companies wont be delayed.
 

RoomService

Dinner is now being served.
BGOL Investor
Ok saw that one on the news. Think they said direct deposits from your job or from reputable companies wont be delayed.
I recently had automatic payments drafted directly from my bank account to Fidelity, and I noticed that most of them were taking three to four weeks to settle. I was shocked, so I called an agent. They explained the situation and suggested that I send the money directly from my bank to Fidelity, rather than requesting the money from Fidelity to my bank. The agent said they hope to have the situation resolved by the end of next month, but to me, that sounds like bullshit and is completely unacceptable.
 

Flawless

Flawless One
BGOL Investor
You can write off the interest on the loan, then it becomes free money!!
The interest on the loan is potentially deductible. As with traditional loans and lines of credit, you may be able to use the interest on the loan as a tax deduction.5 This is generally only an option if you used the proceeds to generate taxable income. For example, if you used the loan to make improvements to a rental property, purchase business assets, or make other taxable investments. Be sure to talk to your tax advisor, because not all interest is deductible.
 

Madrox

Vaya Con Dio
BGOL Investor
Really good vid with some suggestions on why/how to de-risk your portfolio going into retirement, or in general:



In this video, I explain all about sequencing risk, what it means, and the potential impact it can have on your portfolio. I also show you how to reduce sequencing risk, when to take action and the drawbacks that go along with each approach.

Timestamps
00:00 Introduction
00:35 What is Sequencing Risk?
02:23 When To De-Risk
03:46 What Does De-risking Mean?
08:49 How To De-risk
12:20 Drawbacks of De-risking
 

doe moe

Rising Star
Platinum Member
BRICS 2024 summit goes down today. I'm watching the market closely to see if investors get shaky or remain strong.

A lot of other countries are joining, they're attempting to dump ameriKKKa fiat currency.

If BRICS succeeds, will ameriKKKa start wars to destabilize allies of BRICS? Could the next USA president have to oversee multiple wars?





This week in the city of Kazan President Putin will greet more than 20 heads of state at the Brics summit of emerging economies. Among the leaders invited are China’s Xi Jinping, Indian Prime Minister Narendra Modi and Iranian President Masoud Pezeshkian.

The Kremlin has called it one of the "largest-scale foreign policy events ever" in Russia.

"The clear message is that attempts to isolate Russia have failed," thinks Chris Weafer, founding partner of consultancy firm Macro-Advisory.

"It's a big part of the messaging from the Kremlin that Russia is withstanding sanctions. We know there are severe cracks beneath the surface. But at a geopolitical level Russia has all these friends and they’re all going to be Russia's partners."
 

doe moe

Rising Star
Platinum Member
Anyone know why China is buying up closed american colleges and farm land?


Earlier this year, that Moody's Investor Service announced 11 private colleges a year are closing on average (a number expected to rise), due to major gaps between operating revenue and expenses. When factoring in for-profit schools – a struggling sector hit hard by recent regulations to rein in malfeasance in the industry – more than 100 have closed since 2016.

While those colleges aren't coming back to life, Chinese education companies may revive some campuses, running the purchased schools as new administrators, or creating all new institutions.

In March Bloomberg reported Chinese companies have purchased at least four campuses since 2015. Chinese companies already have purchased Bay State College in Boston, Dowling College in New York, Daniel Webster College in New Hampshire, and Chester College of New England.

A sale for Westminster Choir College in New Jersey is pending.






According to a USDA Farm Service Agency report, foreign individuals and entities had a stake in about 40 million acres of U.S. farm and forest land at the end of 2021, the most recent year for which complete data is available. That’s about 3.1% of the country’s privately held farm and forest land.

Of all foreign-owned U.S. land, Canadian investors owned the most at 12.8 million acres. This makes up 31% of all foreign-owned U.S. land.

Four other countries held 12.4 million acres combined, or another 31% of foreign-owned land: the Netherlands (12%), Italy (7%), the United Kingdom (6%), and Germany (6%). China holds less than 1%.
 

Flawless

Flawless One
BGOL Investor
Anyone know why China is buying up closed american colleges and farm land?


Earlier this year, that Moody's Investor Service announced 11 private colleges a year are closing on average (a number expected to rise), due to major gaps between operating revenue and expenses. When factoring in for-profit schools – a struggling sector hit hard by recent regulations to rein in malfeasance in the industry – more than 100 have closed since 2016.

While those colleges aren't coming back to life, Chinese education companies may revive some campuses, running the purchased schools as new administrators, or creating all new institutions.

In March Bloomberg reported Chinese companies have purchased at least four campuses since 2015. Chinese companies already have purchased Bay State College in Boston, Dowling College in New York, Daniel Webster College in New Hampshire, and Chester College of New England.

A sale for Westminster Choir College in New Jersey is pending.






According to a USDA Farm Service Agency report, foreign individuals and entities had a stake in about 40 million acres of U.S. farm and forest land at the end of 2021, the most recent year for which complete data is available. That’s about 3.1% of the country’s privately held farm and forest land.

Of all foreign-owned U.S. land, Canadian investors owned the most at 12.8 million acres. This makes up 31% of all foreign-owned U.S. land.

Four other countries held 12.4 million acres combined, or another 31% of foreign-owned land: the Netherlands (12%), Italy (7%), the United Kingdom (6%), and Germany (6%). China holds less than 1%.
I don't like it, we can't buy shit in China so they should not be allowed to buy land here.
 

Helico-pterFunk

Rising Star
BGOL Legend
I don't like it, we can't buy shit in China so they should not be allowed to buy land here.



The following program was instituted in Vancity years back to address the housing shortage / crisis. They wanted to get a clearer picture of the empty homes left by foreign buyers (often from Asia).





 

Flawless

Flawless One
BGOL Investor
The following program was instituted in Vancity years back to address the housing shortage / crisis. They wanted to get a clearer picture of the empty homes left by foreign buyers (often from Asia).





Doesn't solve the problem though. The wealthy in China will buy properties in the US and Canada as a way to get their money out of China. They will over pay for these properties driving up costs with no plans of living in the properties. They don't mind paying the tax.
 

Helico-pterFunk

Rising Star
BGOL Legend
Doesn't solve the problem though. The wealthy in China will buy properties in the US and Canada as a way to get their money out of China. They will over pay for these properties driving up costs with no plans of living in the properties. They don't mind paying the tax.



Exactly. That's the frustrating thing for everyone ... driving up costs across the board in an already-overpriced westcoast market.
 

nawlinsn931

Rising Star
BGOL Investor
BRICS 2024 summit goes down today. I'm watching the market closely to see if investors get shaky or remain strong.

A lot of other countries are joining, they're attempting to dump ameriKKKa fiat currency.

If BRICS succeeds, will ameriKKKa start wars to destabilize allies of BRICS? Could the next USA president have to oversee multiple wars?





This week in the city of Kazan President Putin will greet more than 20 heads of state at the Brics summit of emerging economies. Among the leaders invited are China’s Xi Jinping, Indian Prime Minister Narendra Modi and Iranian President Masoud Pezeshkian.

The Kremlin has called it one of the "largest-scale foreign policy events ever" in Russia.

"The clear message is that attempts to isolate Russia have failed," thinks Chris Weafer, founding partner of consultancy firm Macro-Advisory.

"It's a big part of the messaging from the Kremlin that Russia is withstanding sanctions. We know there are severe cracks beneath the surface. But at a geopolitical level Russia has all these friends and they’re all going to be Russia's partners."
Forex?
 

doe moe

Rising Star
Platinum Member
That’s why I’m trying get ahead of the curve with it
What is the BRICS' new currency?

BRICS nations do not as of yet have their own specific digital currency, but a BRICS blockchain-based payment system is in the works, according to Kremlin aide Yury Ushakov in March 2024.Oct 16, 2024


All eyes are on the upcoming 2024 BRICS Summit taking place October 22 to 24 in Kazan, Russia. The BRICS nations are expected to continue their discussions of creating a potentially gold-backed currency as an alternative to the US dollar.

The potential BRICS currency would allow these nations to assert their economic independence while competing with the existing international financial system. The current system is dominated by the US dollar, which accounts for about 90 percent of all currency trading. Until recently, nearly 100 percent of oil trading was conducted in US dollars; however, in 2023 one-fifth of oil trades were reportedly made using non-US dollar currencies.
 
Top