we break up to make up baby. btw clubs are opening in LA. my fiance told me not to go. but i think we need to go for research purposes.
Lol, I seriously doubt including the house in BS’s net worth would really move the needle. Nobody that actually makes good money has this much time to post.
ERJ 
also im wondering. say you got furloughed. and you collected unemplyoment. got rehired. and say you get laid off permanently 3 months after. do you collect unemployment again for another 6 months, or does it continue from the last time you were unemployed.
interesting. the metric i was looking forward to hear as a buy signal. just announced today albeit with a caveat …
“The committee recognizes that the pandemic and the public health response have resulted in a downturn with different characteristics and dynamics than prior recessions,” the NBER’s Business Cycle Dating Committee said in a statement. “Nonetheless, it concluded that the unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy, warrants the designation of this episode as a recession, even if it turns out to be briefer than earlier contractions.”
In making the declaration, the committee determined that a “clear peak in monthly economic activity” occurred in February. The peak in quarterly activity happened in the fourth quarter of 2019.
As a rule of thumb, recessions are thought to entail two consecutive quarters of negative GDP growth. However, that isn’t always the case, and it’s generally the NBER’s decision to determine recessions.
The committee noted that “a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough.”
U.S. GDP fell 5% in the first quarter and is likely to post the worst decline in history for the second quarter — possibly more than 50%.
The recession brings to an end the longest expansion in U.S. history, which the NBER dated as lasting 128 months, or nearly 11 years. That growth seemed poised to continue until the declaration of the coronavirus as a pandemic, a move that triggered 95% of the U.S. economy being put into shutdown and sent the unemployment rate, which had been at a 50-year low, soaring to 14.7%, its worst in post-World War II history.
https://www.nber.org/cycles.html
You should get married rapido, mijo!!
This is why I don’t post much. I’m making some mega chillions over here.
robinhood wsb!!!
Not me.
I’m just not smart enough to contribute much.
Don’t worry Nerdy, I’m still holding! You can join me at a good price then you won’t have to simmer in jealousy of my fat returns when I exit this baby at 2x in August!
i never understood the merits of a trade. take dal. lets say you doubled it. arent you taxed at like 50% or something if you live in new york. so say 100 to 200. youd end up with 150 only. which is comparable to spy or somethign lie ktaht.
It’s probably lower than 50%, I think, not sure actually. If you can hold for a year then it’s cap gains. I aim for a year but if you double I take it. So I’d only do a short term trade if it is huge up in a short time, like 2x in 3 months or whatever. In that case, yes, you could be looking at a large SPX annualized return after tax (assuming you weren’t selling that year, then obviously you’d be taxed on that too). But you have to think in annualized terms. If you get 50% (again, probably low) and then can invest in SPX for the remainder of the year, this stuff adds up substantially over time.
but if its total return comp at same time frame. no need to annualize.but fair point on annualziign it.
Well, my point is that rapid runups leave the door open for higher annualized gains, it’s not a mind blowing observation, but is useful to keep in mind. That’s the main calculus, I rarely do <1Y trades, but if I do it’s because the runup is fast enough and large enough to justify the tax hit.
yep i get you. the biggest issue imo is once you sell. you take a huge hit on tax. then you have to find it another home to justify that tax hit. pretty annoying. s for dal example. you start at 100. sell at 200. end up with 150 net of tax. now you gotta find something that’ll make 50 over 150 to justify the sale that caused the tax hit. or a 33 percentgain. to make matters worse if things are correlated. it you sell at a high typically its cuz everything else is high, so very likely ur sitting on cash unless you know another opp right away.
I usually just dump it into SSO or something like that when the trade is done. Most of my assets are in SSO then I’m opportunistic on the other stuff. I bought a nice chunk of DAL a few minutes ago to make you proud.
so im guessing ur holding sso to perpetuity?
More or less, I stole that one from Ohai.
mad respect. i cant do it. im not too sure on its long term perfromance. it did well this time around. but it was a pretty long bull market. it did survive the fianncial crisis though. so props to sso!
Come on stock market, hit a circuit breaker already so I can go eat lunch.