I am so damn smart because I actually took the time to read the article. But I didn’t stay @ a Holiday Inn Express. Maybe you did and that’s why you don’t need to read the article to come to you own facts.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
I do take personally the American people(including me) being lied to and stolen from on a regular basis. Sorry if it offends.
I stand by the " run your business this way and get back to me" model. If you decide not to pay a bunch of bills in month of January, it does not mean you turned a profit of some kind. Not in the real world at least.
Would you be OK with this kind of accounting from a company whose stock you own? No way, unless it was a pump and dump. In which case you would be just one of the criminals.
The report and the article about it are complete nonsense.
This is like debating whether the sky is blue. I'm out.
I stand by the " run your business this way and get back to me" model. If you decide not to pay a bunch of bills in month of January, it does not mean you turned a profit of some kind. Not in the real world at least.
Would you be OK with this kind of accounting from a company whose stock you own? No way, unless it was a pump and dump. In which case you would be just one of the criminals.
The report and the article about it are complete nonsense.
This is like debating whether the sky is blue. I'm out.
Dow jumps 400 points and snaps 3-day losing streak, Nasdaq pops 2.5%
The Dow Jones Industrial Average rose for the first day in four on Tuesday after Russia appeared to be backing away from an immediate invasion of Ukraine.
Stupid for the market to go down or up on such news. Emotional people are amusing, but helpful since they create artificial buying opportunities.Dow jumps 400 points and snaps 3-day losing streak, Nasdaq pops 2.5%
The Dow Jones Industrial Average rose for the first day in four on Tuesday after Russia appeared to be backing away from an immediate invasion of Ukraine.www.cnbc.com
We have been at max FUD for quite a while and the market has held up very well. Why? Earnings matter and the economy is booming.
+1
I'm sure MSFT was going to lower their guidance for the next quarter due to this silliness! LOL.
It’s all about risk management and goes well beyond our measly portfolios. BIG MONEY has models to address these geo-political events and have to mitigate potential downside that could arise from issues such as oil disruption in the EU, which would have ripple effects world-wide. These events also trigger algos both ways and causes volatility.
Musk is such an awful person:
Nice gesture for sure but it’s a tax maneuver.
Cute idea. Keeping the money and paying taxes would leave him with more than giving it all way.
May be I misread the article, but seems entirely driven by tax:
“Analysts have said there would be a tax benefit for Musk potentially gifting Tesla stock, since shares donated to charity are not subject to capital gains tax, as they would be if sold.
"His tax benefit would be huge," said Bob Lord, an associate fellow at the Institute for Policy Studies who studies tax policy.”
Unless we have 100% tax rate this is a very generous thing to do.
Pretty sure you are missing the tax benefit of charitable contributions and donations.
Very complicated and we’ll never know where Musk lands from tax perspective, but:
“Individuals may deduct qualified contributions of up to 100 percent of their adjusted gross income.”
Charitable contribution deductions | Internal Revenue Service
Understand the rules covering income tax deductions for charitable contributions by individuals.
So if my AGI was $100,000 and I donated $100,000 I would have no tax liability.Very complicated and we’ll never know where Musk lands from tax perspective, but:
“Individuals may deduct qualified contributions of up to 100 percent of their adjusted gross income.”
Charitable contribution deductions | Internal Revenue Service
Understand the rules covering income tax deductions for charitable contributions by individuals.www.irs.gov
I would also consider that being generous
I guess if it’s a qualified contribution…IMO any charitable contribution is great but let’s be real Musk is doing it for the tax benefit just like everyone else.
not the same. He didn’t have to pay the short term capital gain, hence reducing his income. On top of that he gets to deduct the FMV. It’s a double benefit. It’s more like you would have had a AGI of 150k, but with the donation, your AGI goes to 100k and you get to deduct another 50k.
We can all agree the recipient is the winner. But there was article that talks about all the benefits of these foundations or donations.
It may have changed but I believe the deduction for donating appreciated shares is FMV up to 30% of AGI but you can carry that forward for up to five years. Donating shares is better than selling the shares and donating the cash. Donating shares is the way to go for both the giver and recipient IF you are charitably inclined. I’m not a tax CPA and this isn’t tax advise.
2021 Charitable Contribution Tax Planning for Executives
Overview of 2021 charitable giving tax savings opportunities including appreciated securities, donor advised funds, and qualified charitable distributions
keitercpa.com
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RBLX tanks due to earning miss, but user metrics are bullish. Buying opp?
www.cnbc.com
Shares of metaverse company Roblox plummet after missing fourth quarter expectations
Roblox missed Wall Street expectations on both the top and bottom lines in the fourth quarter.
It’s on my short-list of potential growth plays and thinking of starting a position tomorrow as a spec play. I haven’t bought much tech lately but this may be opportunity. I recently bought GT and MDT.RBLX tanks due to earning miss, but user metrics are bullish. Buying opp?
Shares of metaverse company Roblox plummet after missing fourth quarter expectations
Roblox missed Wall Street expectations on both the top and bottom lines in the fourth quarter.
Not a fan of the company but anything is potentially tradeable. Shari seems weirder than Sumner. They should should've been the ones who came up with Succession not HBO lol. Could probably apply to Fox too haha. Split up Viacom and CBS then put them back together eh. The cable networks are somewhat dinosaurs but CBS and Showtime have some value imo. I've read in the past CW could come up for sale.
The move towards streaming is logical but there are lots of players in it and some with deeper pockets. Even for DIS and NFLX content spend is going to be intensive. Can solo Viacom compete meaningfully against that? Growing streaming is going to be capital intensive. I question if they can do it alone.
IMO, these smaller players either have to merge or team up and package their streaming services as a bundle. As to Viacom with regards to consolidation, it's possible but Shari controls like 80% of the company so what's on her agenda? Like I said she's a little weird. Plus if you're the aggressor, would you want to deal with a large shareholder like her or would she have to agree to have her interest in a combined company marginalized?
Good Fintech play?
Fintech lender Upstart (UPST): profitable and growing incredibly fast, much faster than expected ... Announced smart $400M buyback to contend with volatility (and shorts) ... reported earnings per share of 89 cents vs estimates of 51 cents ... CEO Dave Girouard: the end of high multiple no earnings.
Fintech lender Upstart (UPST): profitable and growing incredibly fast, much faster than expected ... Announced smart $400M buyback to contend with volatility (and shorts) ... reported earnings per share of 89 cents vs estimates of 51 cents ... CEO Dave Girouard: the end of high multiple no earnings.
Cramer and team on VIAC:
Paramount Global (VIAC), formerly known as ViacomCBS, dropped to hold from buy by Bank of America ... was thought to be a takeover target but not anymore ... Analyst slashed price target to $39 from $53 ... the company is raising its 2024 DTC revenue goal to $9B from $6B ... global streaming subscriber goal to 100 million from 65-70 million ... margin guide disappointing ... reported EPS of 26 cents vs 43 cents expected.
I’m still licking my wounds on PYPL and SQ. Not sure where Fintech is headed especially when niche players like Toast are getting toasted and the buy-now-pay-later charade seems to be over.
Agreed with both of you. I don't understand the BNPL hype over the past 6-9 months. It's a new version of credit or layaway. Not a revolutionary idea.
As for a Fintech play, probably best to do an ETF since individual stocks are so volatile.
I did buy UPST when it was down 50% and just sold it today. Cramer recommended this one. I was thinking about getting back into PYPL but plenty of time to see upward move.
This market is tough, if you buy when you think it‘s low, it goes lower.
I guess the market will go up more than one or two days at some point, must be patience. I know most of my stocks are winners but they won’t recognize it until the market goes up.
I will have to buy whenever there a big dip and sell when it goes up for a day or two trying to recover some of my loss. Maybe the market turns in March or April, still 65% cash.
I will have to buy whenever there a big dip and sell when it goes up for a day or two trying to recover some of my loss. Maybe the market turns in March or April, still 65% cash.
It's going to remain volatile for a bit imo, especially with the uncertainty on a couple fronts. It can be good for trading though especially if you play both sides. I only trade on one side. I don't always use them but you can always use stops to limit losses if you're worried about volatility. If you have some knowledge of TA you can have a good idea where to possibly place them.
Anyone hear commercials for this? I don’t know squat about securitized art so wondering if anyone has thoughts.
www.masterworks.io
Masterworks
Purchase shares in great masterpieces from artists like Pablo Picasso, Claude Monet, Andy Warhol, and more.
