Low tax counties see cuts to school aid

From NJ1015:

6 NJ counties may see property taxes rise due to school aid cuts

When Gov. Murphy announces a victory, you always have to look underneath for the real story. That’s because in a tax and spend administration like Murphy’s, any time you take money away from somebody in New Jersey, the taxpayers usually have to make up the difference.

That’s why you should read any headline in NJ with the words “budget cuts” with skepticism. Democrats generally don’t save us any money when they make “cuts.” They just ask us to pay the difference.

This time Gov. Murphy is touting the success of the almost $10 billion of direct education funding going to schools for the 2022–23 school year.

I’m one of those people that is thrilled anytime school budgets are cut. It’s not that I don’t like kids or that I don’t value their educations, but I think schools cost too much to run here in the state. And most of it is wasted on stuff that schools do not need. (The whole public school system is broken, but that’s a different topic about which I will rant another time)

Let’s not even discuss the fact that we pour so much into over-bloated administration, more unnecessary programs and overall district waste that we really wouldn’t need a dime more for schools if we just budgeted properly and got rid of the dead weight.

But, even assuming that you would be happy about the direct aid, and thought it was good news, you wouldn’t if you lived in one of the six counties that are getting less money this year.

Those are SussexOceanMonmouthHudsonCumberland and Hunterdon.

Let me reiterate. It’s not that these counties really need the budget increase. As I stated before, no district in New Jersey really does. If we got rid of 43 vice principals, and unnecessary administrative positions, and really streamlined the school budget, we would do very well with the thousands—if not tens of thousands—of dollars we’re already spending to educate EACH PUPIL here in the state.

But, since no one is willing to cut staff or consolidate or make any changes at ALL, really, to our public school system, those counties are going to have to make up for the money that they’re no longer getting. And guess where that money is probably going to have to come from? If you said the taxpayer, you’re probably right.

This entry was posted in New Jersey Real Estate, Politics, Property Taxes. Bookmark the permalink.

137 Responses to Low tax counties see cuts to school aid

  1. Chi at Believe Dance Competition in Stafford says:

    First

  2. dentss dunnigan says:

    Third

  3. The Great Pumpkin says:

    *tell me you’re rich without saying “I’m rich”*

    (Me at the gas station): “fill it, Premium”

  4. BRT says:

    Fourth!

  5. grim says:

    Jersey City gets the shaft in this one.

    About time they paid their own way.

  6. Phoenix says:

    High taxes and high house prices, and high fuel prices.

    Sounds like fun. Inching the way into the Coffin Corner.

  7. The Great Pumpkin says:

    High inflation does have its benefits when you have massive debt. Corporation and govt are loving this; borrowed cheaply and now washing the payments down with some inflation.

    All these homeowners with low rates getting a huge hand in paying down their mortgage.

  8. The Great Pumpkin says:

    It hurts for me to see this. Tried to tell my wife that we need to use the equity and buy more properties with the low rates. Happy wife, happy life. She has cost me so much money. I was adamant about how cheap housing was and the coming boom. That one hurts.

  9. The Great Pumpkin says:

    Rule no 1 in real estate. Maximize every dollar of equity into leveraging low rates for more passive income and appreciation. It’s not rocket science.

  10. The Great Pumpkin says:

    What a joke…are they serious? This labor market is going to destroy our nation. Lowering and lowering the standards to appease the job candidates. Weak!

    https://patch.com/new-jersey/wayne/s/i5xkx/teacher-candidate-test-costly-and-unnecessary-nj-educators-say?utm_source=nearby-news&utm_medium=email&utm_campaign=alert

  11. Phoenix says:

    “Happy wife, happy life. She has cost me so much money.”

    Try it with an unhappy one named Satan.

  12. PumpkinFace says:

    Which you’ve never done

    The Great Pumpkin says:
    March 13, 2022 at 11:23 am
    Rule no 1 in real estate. Maximize every dollar of equity into leveraging low rates for more passive income and appreciation. It’s not rocket science.

  13. leftwing says:

    Phoenix, be nice to the guy….he just comes on a public forum to announce even the person closest to him doesn’t trust him with the family checkbook outside a purchase at CostCo…Let him smart in his hurt alone…

    Chi, you’re a trooper buddy, and a great dad….Hockey Dad was a tough title sometimes, Dance Dad can’t imagine. Any hot moms?

    For our musicians, saw Oteil at the Cap last night. Really great show, Dead heavy, no complaints there. You guys are well over my head on technical skills but I thought the two guitar players were pretty hot…Eric Krasno and Steve Kimock maybe…didn’t catch it, I’ll have to look. Had some horns with them that worked well, and the woman on trumpet could SING. Worth it if he comes around again.

    https://www.setlist.fm/setlist/oteil-burbridge/2022/capitol-theatre-port-chester-ny-2389cc2f.html

  14. 3b says:

    Pumps: Not for nothing, but is that not insulting to your wife?? Could she not say you have cost the household more money as you are a teacher? You yourself said you would me excel in the corporate world. I don’t think she would appreciate you insulting on a public forum.

  15. Phoenix says:

    LW,
    No attack on pumpy.

    Just pointing out that he could have it worse.

    Much worse.

    Much much worse.

    Like Defcon 1 worse.

  16. EV Deal says:

    Phx,

    if it works for you, Nissan Leaf $39/mo w i think 18k miles. Comes w slow charger that connects to wall outlet but Kings has free high speed charging :).

    https://forum.leasehackr.com/t/aronchis-mar-nissan-leafs-starting-at-39-below-msrp-sentras-altimas-rogues-spts-frontier-tristate-only/126026

  17. Phoenix says:

    EV Deal,

    Unfortunately, due to lawyer’s bills, I’m stuck in an apartment.

    No charging for me. But I really appreciate it.

  18. Fabius Maximus says:

    Katie Porter is a national treasure.

    https://twitter.com/i/status/1453802618459992072

  19. Libturd says:

    “We will pass critical reforms making every executive branch employee fireable by the president of the United States. The deep state must and will be brought to heel.” — Trump proposes a drastic expansion of presidential power.

    So much for the Constitution.

  20. joyce says:

    Unless a President is trying to fire someone in a different branch, I don’t think it would be a “constitutional” issue. It is still a big problem if a president were to fire people on a whim; depending on the job function in question, it may or may not violate certain laws, regulations or labor contracts. It is a flaw in our system of government, but the federal and state AG’s do report to their respective executive branch leaders.

    Regarding emergency powers, they’re becoming too ‘routine’ in this country no matter if they are related to war time or 9/11 or a pandemic. I had a moment of weakness and actually thought the NJ legislature would tighten up the current law as the pandemic (hopefully) is coming to an end. Nope, all the complaints made by legislators was just political pot shots.

  21. Phoenix says:

    Lib,
    Yup.
    I could see that happening here. Would not take much.

    Mommy is concerned about spending her day shopping at Whole Foods, things like this are not on most American’s radar at all.

    Hey, we make this legal, released without charge. I guess it means they were innocent:

    Three British Muslim prisoners, known in the media at the time as the “Tipton Three”, were repatriated to the United Kingdom in March 2004, where officials immediately released them without charge. The three alleged ongoing torture, sexual degradation, forced drugging, and religious persecution being committed by U.S. forces at Guantánamo Bay.[64][65] The former Guantanamo detainee Mehdi Ghezali was freed without charge on 9 July 2004, after two and a half years internment. Ghezali claimed that he was the victim of repeated torture. Omar Deghayes alleged he was blinded by pepper spray during his detention.[66] Juma Al Dossary claimed he was interrogated hundreds of times, beaten, tortured with broken glass, barbed wire, burning cigarettes, and sexual assaults.[67] David Hicks also made allegations of torture[68][69][70] and mistreatment in Guantanamo Bay, including sensory deprivation, stress positions,[71] having his head slammed into concrete, repeated anal penetration, routine sleep deprivation[69] and forced drug injections.[72][73][74][75]

  22. Phoenix says:

    I really hope everyone under 40 gets out and votes in the next election-of course, if there is someone worth voting for.

    Their lives and their future is on the line- The camel’s back has severe osteoporosis and spinal stenosis.

    One wrong straw….

  23. Clown World says:

    Phoenix says:
    March 14, 2022 at 12:54 am
    I really hope everyone under 40 gets out and votes in the next election-of course, if there is someone worth voting for.

    Their lives and their future is on the line- The camel’s back has severe osteoporosis and spinal stenosis.
    One wrong straw….

    Bingo – The under 50 votes absolutely must band together and rally behind a candidate or slate of candidates that have at least 1 eye aimed at the future 10,20,30 years out. That means that any candidate over 65 years old should be an automatic DQ. It is for me at least. The US has not passed the torch or “leadership” to the next generation and continue to support candidates that are closer to the grave then they are to “working age”. This goes for GOP and DEM. Over 65? Thanks for your service, enjoy retirement.

  24. Libturd says:

    Yeah. Biden/Trump.

    America #1

  25. Juice Box says:

    Speaking of gas and EVs..

    Tesla has just raised prices again after many price increases over the last two years and blames nickel prices used in some cars with the long range option. Apparently those long range model are using older nickel-cobalt-aluminum battery chemistry instead of the newer lithium-iron-phosphate (LFP) battery chemistry in the standard range cars.

    So even if you went for the cheap model 3, it’s base price is now $44,990 and the long range car is $50,990 add on an additional $12,000 for full self driving or subscription @ $200 a month too..

    That is a far cry from $35,000 Tesla Model 3 announced in 2019.

    Don’t even bother looking at used ones. Even 2018 standard model one cost as much as a new Tesla.

  26. Libturd says:

    And now for something entirely different.

    Klement on Crypto:

    So here is my dilemma. Either one of these statements is true, and I cannot tell which one:

    I am like Warren Buffett in the 1990s. New technology is revolutionising the world and it has serious applications and a great future. Yet, I am unable to understand the drivers behind this new technology or simply too old to understand it. In this case, I should act like Warren Buffett and stay away from investing in something I do not understand.

    This new technology will eventually change the world, but a lot of the current applications and investment opportunities are not viable and will eventually disappear while others will become dominant. In this case, I should try to understand this technology as best I can and build a portfolio of the most promising investments, hoping that one of them will become the next Amazon.

    I am like the analyst on an Enron earnings call who tries to understand what they are doing but can’t. And this is not because I am too stupid but because it is all smoke and mirrors and the emperor really doesn’t wear any clothes. In this case, cryptocurrencies are all worthless and I should stay away from this investment as far as I can.

  27. Juice Box says:

    re: “tries to understand what they are doing but can’t”

    I fail to see how people don’t understand what the crypto people are doing. It’s a ponzi scheme and money laundering operation. It’s no different today than when wealthy Nazi’s hid their wealth in gold bars in Switzerland banks.

    Look no further than Russians now trying to avoid international sanctions and currency controls from their own country now.

    “DUBAI, March 11 (Reuters) – Crypto firms in the United Arab Emirates (UAE) are being deluged with requests to liquidate billions of dollars of virtual currency as Russians seek a safe haven for their fortunes, company executives and financial sources said.

    Some clients are using cryptocurrency to invest in real estate in the UAE, while others want to use firms there to turn their virtual money into hard currency and stash it elsewhere, the sources said”

    “One crypto firm has received lots of queries in the past 10 days from Swiss brokers asking to liquidate billions of dollars of bitcoin because their clients are afraid Switzerland will freeze their assets, one executive said, adding that none of the requests had been for less than $2 billion.

    “We’ve had like five or six in the past two weeks. None of them have come off yet – they’ve sort of fallen over at the last minute, which is not rare – but we’ve never had this much interest,” the executive said, adding that his firm normally receives an inquiry for a large transaction once a month.”

    “”We have one guy – I don’t know who he is, but he came through a broker – and they’re like, ‘we want to sell 125,000 bitcoin’. And I’m like, ‘what? That’s $6 billion guys’. And they’re like, ‘yeah, we’re going to send it to a company in Australia’,” the executive said.

    Switzerland’s financial market supervisor declined to comment on cryptocurrency transaction volumes.

    The country’s economic affairs secretariat (SECO) said in an emailed statement that crypto assets were subject to the same sanctions and measures Switzerland has imposed on “normal” Russian assets and individuals, so if a person is sanctioned their crypto assets must also be frozen in Switzerland.”

    “Dubai, the Gulf’s financial and business centre and a growing crypto hub, has long been a magnet for the world’s ultra-rich and the UAE’s refusal to take sides between Western allies and Moscow has signalled to Russians that their money is safe there.

    One real estate broker, whose company has partnered with a cryptocurrency service to help people buy property, said: “We’ve been seeing a lot of Russians and even Belarusians coming to Dubai and bringing whatever they can bring, even in crypto.”

    WAY OUT OF SANCTIONS?

    A financial source in the UAE confirmed that Russians were buying property in Dubai, using crypto as a way of getting their money out of other jurisdictions and into the Gulf state.

    Cryptocurrency exchanges have said, while giving few details, that they are blocking the accounts of Russians sanctioned by the West over Moscow’s invasion of Ukraine, which Russia calls a “special operation”. read more

    Major exchanges such as Coinbase Global Inc (COIN.O) and Binance say they are taking steps to ensure that crypto is not used as a vehicle to evade sanctions, and that they collaborate with law enforcement on the issue.

    Still, as crypto offers users a high degree of anonymity, European countries such as Germany and Estonia have this week called for tighter oversight to snuff out any loopholes that could allow sanctions busting.

    Three Western diplomats said they were increasingly alarmed by the number of Russians who in recent weeks were seeking a refuge in the UAE for their fortunes, including in property, and were wary that some could be acting on behalf of those under sanctions.

    Two of the diplomats said they were sceptical that the UAE would crack down on Russian wealth in the Gulf state, which they said was predominantly held in Dubai, citing the country’s neutral stance in the conflict.

    A third said they hoped the UAE, which is also a gold trading hub, understood the implications for its reputation and would take action.

    The UAE was put on a “grey list” this month for increased monitoring by financial crime and money laundering watchdog the Financial Action Task Force (FATF). read more

    The FATF cited risks in certain industries, including real estate agents and precious metals dealers. Dubai adopted a virtual assets law this week and established a regulator. The UAE’s regulator said it was close to issuing regulations and has consulted on money laundering risks in the sector. read more

    The Dubai government’s media office and the UAE central bank did not immediately respond to requests for comment.

    The UAE’s Foreign Ministry said it had no further comment beyond previous statements that the government has a “strong commitment” to working with FATF on areas for improvement in its anti-money laundering and counter-terrorism financing regime.

    MARINA AND DOWNTOWN

    Some experts say the relative transparency of cryptocurrency transactions, which are recorded on the blockchain ledger that underpins bitcoin and other tokens, makes large-scale sanctions evasion difficult.

    The U.S. Treasury said on Monday that sanctions-busting using crypto was “not necessarily practicable”, and called for vigilance from companies in the industry.

    Two sources familiar with the matter said UAE companies had reputational concerns about doing business with Russians, but felt the state’s abstention at the U.N. Security Council, when Russia vetoed a resolution condemning its invasion of Ukraine, was a signal they should not impose restrictions on Russians. read more

    The UAE, which has deepened ties with Russia over the years, has not matched sanctions imposed by Western nations and its central bank has not issued any guidance regarding the measures.

    Dubai, an attractive tourism destination, has long been popular with Russians, who were among the top visitors and purchasers of real estate even before the war and ensuing sanctions threw the Russian economy into turmoil.

    Apurv Trivedi of Healy Consultants, which advises on setting up businesses, including crypto companies, said they had definitely been getting more interest from Russian clients.

    “They’re basically trying to protect themselves against the inflationary pressures that are happening against the Russian currency. So crypto has been a very good exit for them to manage the risks that they’re facing,” Trivedi said. “It’s a good liquidity provider for them.”

    Healy’s Sami Fadlallah said a lot of the money coming from Russia has been moving into Dubai’s real estate, citing both industry talk and their company’s experience.

    “People parking their money in dozens of apartments in the Marina, Downtown,” Fadlallah said.

    “We’ve seen a lot of Russians hedging their bets against the devaluation of the rouble by moving a lot of assets into crypto. And the UAE is relatively loose in terms of its regulation and authorities over transferring crypto here.”

    https://www.reuters.com/business/exclusive-russians-liquidating-crypto-uae-seek-safe-havens-2022-03-11/

  28. SmallGovConservative says:

    Did anyone see our VP’s attempt to answer clear questions about inflation and refugees last week? I’d make fun, but the video speaks for itself. It’s actually startling to watch, and to realize how dumb and utterly incompetent she is.

    https://www.youtube.com/watch?v=PWz0iKGnoVw

  29. Nomad says:

    From Radio Free Europe

    Interview: How The Coming Weeks Could Decide The Future Of The Ukraine War

    Interview with Gustav Gressel, a former Austrian defense official and Russian military expert at the European Council on Foreign Relations

    https://www.rferl.org/a/ukraine-war-what-next-interview-gressel/31750644.html

  30. Fast Eddie says:

    SmallGov,

    Carmella looks over to the Romanian President to answer the question regarding inflation and gas prices here and then she goes on a diatribe about something else in which I still can’t figure out. I never though I’d pray for O’Biden’s health but the idea that she might have to step in to the Prez role is terrifying.

  31. Libturd says:

    GC/Eddie

    Honestly, AND IT’S NO EXCUSE. I’m guessing she wasn’t paying attention and assumed the question was for the Romanian President. If you look at her when the question is being asked, she is not even looking at the speaker for most of it. Regardless, to be brutally honest, it’s a really stupid question. Especially for a VP to answer. It was better suited for the magic eight ball.

    Nonetheless. I agree she isn’t qualified, but not due to this foible.

    Of course, she could have pulled a Trump and only taken softballs from the left wing press.

  32. Juice Box says:

    Elon challenges Putin to a duel.

    Translated.

    I hereby challenge
    Vladimir Putin
    to single combat

    Stakes are Ukraine

    https://twitter.com/elonmusk/status/1503327421839417344

  33. Juice Box says:

    Follow up tweet an hour ago translated.

    Do you agree to this fight?

    Elon Musk
    @elonmusk
    Вы согласны на этот бой?
    @KremlinRussia_E

  34. Bystander says:

    Lib,

    I don’t ever agree with SGC or Ed on politics but her job is to answer questions from press. Reporter was pretty longwinded in getting to point and clearly she stopped listening. It appears to me that she wanted to avoid it completely and hoped he could deflect away. Her answer was jibberish. She is left’s answer to Palin.

  35. Bystander says:

    FYI, don’t take SGC’s dumb, edited little clip. The reported started off with question for Romanian President and went with long winded statement then turned it back to another question to Kamala. Reporter was to blame for being very unclear but her answer was not good for first part of question

    https://youtu.be/KYaaapOTsrs?t=789

  36. Chicago says:

    In the background, but pay attention. The Ten is at 209 bps. At a minimum it will futz with mortgages.

  37. Libturd says:

    We sure could use a VP like Obama’s pick.

  38. Juice Box says:

    Bystander – She is one heart beat away from the big chair, and well Palin is a poor analogy as she was never vice president.

    And before you say much more many people left/right/center are saying she is incompetent and not very bright, that would make her more of a modern day Dan Quale, and with that it means most likely she never garner enough support from team blue to be elected president.

    If sleepy Joe plans on running again he should replace her on the ticket if he wants to win, as well all know the fear that she has to step in if he well becomes incapacitated or well taking a dirt nap is a REAL fear many have.

  39. Chicago says:

    Follow up to my comment. You see financials getting a bid off it.

  40. leftwing says:

    “So much for the Constitution.”

    For each action there is an equal and opposite reaction.

    When will liberals learn? Maybe they need Physics 101 courses in addition to Econ 101.

    As to your German reference, well yes, of course….which is part of the reason many of us had serious issues with the blanket, executive ordered, never legislatively confirmed, random and capricious acts of the Executive branches by the Federal and most State governments regarding COVID…newsflash, it wasn’t because we ‘wanted to kill’ someone’s grandmother…

    Those actions set a nice precedent for another Exec to use those powers as wanted…when he arrives and does so I hope he’s kind and benevolent….unfortunately, history suggests otherwise.

    You can’t just rip up the Constitution (or any other rule or law) selectively…once it’s in tatters, it’s tattered.

  41. Libturd says:

    Bystander. Thanks. I should have known better of the deception. It is their way! When the question is played in full and the answer is played in full, it’s not a foible at all. Nonetheless, she really is unimpressive.

  42. leftwing says:

    “Katie Porter is a national treasure.”

    A barking circus seal for the entertainment of simple minds.

  43. Libturd says:

    Juice. Assassination attempts run in a 20 year cycle too.

  44. Bystander says:

    Juice,

    I hear ya but only meant how unprepared on foreign policy like Palin. It also shows how VP picks are nothing more than adornments for the ticket. Pence was there only to legitimize Trump tickets for the religious nuts.That Pelosi-Schumer-Trump wall battle was priceless. Was told to sit there and keep quiet..and he did for 4 years.

  45. Chicago says:

    Left: yesterday was brutal having to drive down to Stafford at 6:30AM after Spring forward. My daughter crashed locally on LBI.
    The payoff is that she danced a solo to this.
    https://m.youtube.com/watch?v=4o-W66AC1VE

  46. Juice Box says:

    Brits are now after the Aircrafts of the Oligarchs too. Pretty soon they will have to fly on a time share jet or gasp commercial.

    Jack Sweeney the 19 year old from Florida who made the news for tracking Elon’s jet is now after the oligarchs jets and yachts too. I hope Elon is paying for his protection.

    https://twitter.com/RUOligarchJets

    https://twitter.com/RussiaYachts

  47. Libturd says:

    Need to break 13,300 on the Nasdaq just to get midway back to last peak. Need to close above 13,750 twice (and better three times) to reverse downward trend. At this point, the drop is not slowing. It’s actually accelerating. With this morning’s bounce we are not even back to trendline. Need another 200 points upward to reach trend line. The range has consistently been around 800 points peak to valley. Still very orderly. Don’t worry. I’ll let you all know when this changes, cause I’ll finally be headed back in when it does.

    Though my lack of timing this market has been impeccable. I am still uncomfortable worrying about getting back in too late to really profit off all of it. Though the further the market falls (especially the Nasdaq), the easier it is for me to sleep at night.

  48. Libturd says:

    Chi,

    Have you memorized all of the lyrics? I figured by now, she would be moshing to industrial music.

  49. leftwing says:

    chi, nice…always wanted to see that show but the premise was just too dark for the times for me…

    Red out. Ofc….let’s just have someone tap Quinnipiac out of the ECAC crown….

  50. 3b says:

    Juice: If Joe runs in 2024, getting rid of Harris will be a huge problem. She will claim racism/ sexism. This is what happens when you chose someone on a check the box basis.

  51. leftwing says:

    “Though my lack of timing this market has been impeccable. I am still uncomfortable worrying about getting back in too late to really profit off all of it.”

    You know better than to try to time the market, especially for in-trend reversals…get the macro right, you’ll have a tailwind which is all you need. You can get many 20%+ contra moves in any major market trend…good luck if that’s an investment strategy

    Seems this market is poised for a face ripper up on news of cessation of hostilities….then back to the coal mines of determining where we are with our economy…big picture question for me is recession or no recession against the backdrop of what is the right inflation number…

    The ceasefire face ripper will shake the entire snowglobe, ie. be very disproportionately felt even although the indices pop…the darlings of the last few weeks will tank, other laggards will seriously pop….it may be worth taking some low risk/high return positions ahead of that…looks to me like commodities are rolling already….up 29% on the oil short I mentioned here a few Fridays ago…

    I mentioned this last week….A credible report surfaced last Tues just after noon that there was agreement between R/UKR…the SPX moved 2% on 2x volume in less than 20 minutes. Individual equities were all over the place. Market gave you a seat at the pre-opening rehearsal of a ceasefire. Pull up a one minute chart…..

    Anyone look at individual stocks performance from last Tues, intraday? If so, please share.

  52. Juice Box says:

    re: Ceasefire.

    Interesting writeup on on the Russian convoy blunder.

    https://threadreaderapp.com/thread/1503368526127673347.html

  53. Phoenix says:

    “You can’t just rip up the Constitution (or any other rule or law) selectively…once it’s in tatters, it’s tattered.”

    Same thing with opening up the constitution. Correct me if I am wrong, but I read somewhere if a vote is taken to make a change to the constitution, it’s not limited to the one change that started the vote.

    If I understood this correctly, it’s like opening Pandora’s box. Everything in it is on the table.

  54. Juice Box says:

    3b – not if the next VP candidate checks all the boxes.

    Anecdotal – had an interesting convo with a family member over the weekend who is a principal from one New Jersey district. I was told these days personal responsibly no longer seems to be taught at home. The principal told me without fail whenever a student is sent to the office due to an incident, such as a fight or otherwise, the first card to be played by the parent is the race card. As much as the principal tries to keep it on the topic of what actually occurred, and even if there is video the parent continues down the road of systemic racism as the only reason.

    I feel sorry for the kids most of all.

  55. No One says:

    Everyone knows that the best store of value is in digital cartoons of monkeys wearing yachting caps.

    Still feeling a little crypto-curious?
    Maybe warm up with the goatse.cx NFT.

  56. Phoenix says:

    Juice,
    ” the first card to be played by the parent is the race card.”

    Three words.

    Bridgewater Commons Mall.

  57. No One says:

    Juice,
    Why would these white parents of white perpetrators play the race card? X3

  58. 3b says:

    Juice: So the next candidate checks all the boxes including being competent, how do the Dems get rid of Harris? Tell her she is being replaced because she in incompetent?

    As for the race card being played with school incidents , I am not surprised, but I think it’s all around that parents are not teaching their kids personal responsibility, and the mindset is my kid right or wrong.

  59. Juice Box says:

    Phoenix – Nothing will change. Grom your link I quoted the first few lines below then stopped reading.

    “Ahead of a congressional hearing in December, Biden said the administration would work with Congress to bring more scrutiny to trust companies, lawyers and other financial gatekeepers in an effort to expose and punish financial corruption.”

    Our POTUS was a Senator from Delaware for a long long time. Delaware has more registered companies (1.6 million) than residents (1 million). He has no interest is changing the system and has never introduced legislation to do so, even something as simple as requiring proof of ID to setup a company or identifying any of the owners is not required in Delaware. They have no idea of how many companies setup in Delaware are even foreign owned, and well the official policy is don’t ask and don’t tell down there.

    For example a big deal was made during the election cycle. Ukrainian-born Lev Parnas and Igor Fruman. They were indicted by federal authorities for allegedly using a Delaware LLC to funnel millions of dollars of political donations from Russia to U.S. political campaigns.

    Well look and see today a slap on the wrist. I know a guy who passed a few bad checks that got more time than this guy.

    https://www.nytimes.com/2022/01/21/nyregion/igor-fruman-sentencing.html

  60. chicagofinance says:

    She is not as crazy athletic as some of these ‘roided out gymnastic guidette twerkers, but as a 12 year old she got the judge’s only competition artistic merit award. I’ll take it. Now we just need her to stop with the pink and switch to black clothes and fingernails.

    Libturd says:
    March 14, 2022 at 10:32 am
    Chi, Have you memorized all of the lyrics? I figured by now, she would be moshing to industrial music.

  61. Juice Box says:

    Dems get rid of Harris.

    Forced to resign in one, like Nixon did to Spiro Agnew. There there is what Roosevelt did twice in 1940 and again in 1944 switched candidates at the convention. The President and the party bosses today have allot of control over the delegates. If they think there is any chance they will lose reelection the delegates will switch their vote to whomever their deem is next.

  62. 3b says:

    Juice: I am skeptical, but we will see. She won’t go quietly.

  63. chicagofinance says:

    At least ARKK isn’t trading at a 52 week low and 65% off its all time high.

  64. chicagofinance says:

    Not implied vol, but simply the actual vol of SQ stock is insane. WTF is happening over there? Busted stock trading like Cathy Wood’s uterine prolapse in and out (that one is for you Phx).

  65. leftwing says:

    “At least ARKK isn’t trading at a 52 week low and 65% off its all time high.”

    SARK’s share price now exceeds ARKK’s share price….

    SARK started on 11/9 at $29, hit $59 today.

    ARKK on 11/9 was $120, hits $53 today.

    LOLOL.

  66. Phoenix says:

    Juice
    Good post.

    Chi,
    Congrats.

    From the Daily Mail, plus a comment from the same:

    “Russia is offering oil and other commodities at a heavy discount. We will be happy to take that,’ an Indian government official said, declining to elaborate on how much oil was on offer and what the discount was.”

    Comment: gwrgolfer, uk, 6 minutes ago

    We MUST stop our handouts to India immediately ! and also put sanctions on Indian companies that we have Outsourcing contracts with – this must start with immediate effect.

  67. Libturd, channeling JJ says:

    “She is not as crazy athletic as some of these ‘roided out gymnastic guidette twerkers, but as a 12 year old she got the judge’s only competition artistic merit award.”

    You got to monetize this opportunity. Have you installed the pole and wraparound mirrors in her bedroom yet?

  68. Libturd says:

    HMB,

    350 gallons is like 2,500 pounds. What they make in stolen fuel, they would be paying out in repairs to the minivan. And who knows what the whole van retrofit cost to pump fuel out of the in-ground tank cost?

  69. Hold my beer says:

    Diesel is over $5 a gallon. If they are hitting multiple places a day they are getting $1,800 retail a trip. Could take only a few trips to recover costs especially if they did the upgrades themselves.

  70. Fast Eddie says:

    Re: Carmella Harris – The dems are singlehandedly demonstrating why s0cial engineering is an absolute failure. Just sit back and watch them implode. 60 years of l1beral ideas and each time, they fail.

  71. Bystander says:

    Ed,

    Clearly you have not watched enough Star Trek. The liberals win. Honestly if SNL wanted to do something funny, it should be conservative spook on Star Trek. Ripe for so much humor.

  72. Bystander says:

    spoof, geez. What a mistake.

  73. Phoenix says:

    SNL. Even got the clothes and hair right. https://youtu.be/zS9U3Gc832Y

  74. No One says:

    Chi,
    I was a dance dad for over a decade. But all I ever did was drive. I also bought an expensive DSLR with a 70-200mm lens to take dance photos when it was allowed, but usually the competition photographer was mandated.
    My daughter was a good but not great dancer. Probably the prettiest on her team but couldn’t do turns or other dance tricks at the elite level.
    I stayed out of the “prop dads” group for sure. Dance schools will suck up as much time and money out of you and your kid as you let them.
    In the end, my daughter got a few things out of it. She had a steady extracurricular that most schools don’t particularly value but it’s something. She learned how to deal with major time management issues (but some of her dance team friends didn’t). She made her college dance team and so gets to attend lots of home football and basketball games as a performer, and claims she’s officially a “Division 1 Athlete”. And she has made a lot of friends with dance team members.

  75. crushednjmillenial says:

    Stat of the day:

    On Bloomberg radio this morning, some wheat market analyst or whatever stated that Russian what exports feed 800M people worldwide, mostly in North Africa, the Middle East and Africa.

    So, some of that wheat trade is likely disrupted, along with who knows how many people are usually fed on Ukranian wheat. Seems to portend some geopolitical instability around the world . . . If I understand correctly, the Syrian War followed some high inflation in food staples that Syrians commonly consume.

  76. Bystander says:

    No One,

    My niece on wife’s side has danced entire life. She is absolutely amazing. Trophies all over her room. Wins nearly all of them. Completely self motivated and unbelievably talented. She is in LA area. Beautiful and nice person too so in my mind, success should be easy. She has danced for Lakers, Britney Spears and other top level connected persons. Parents tried girl troupes, pitching to Disney when she was 10 or 11. Nothing from that. She is 20 now and recently performed on dance team for some singer on Jimmy Kimmel. That said, she is taking semester off to be part of professional troupe and do some choreography. I know nothing of that world but the parents have spent fortune on outfits, makeup, agents, competitions, driving all over LA and Vegas for 15 years. If she can’t make it then I don’t know what it takes but dumb luck.

  77. leftwing says:

    chi, yeah, just popped up SQ….last time HV was this high was 4/2020…IV also obnoxiously elevated even though we just passed earnings…in good news, my PYPL and FB positions are actually up today as opposed to SQ (-7.7%) and the NDX (-2%). Hope I’m not cursing them with that lol.

    Just rolled the Z as it is flirting with my strike…I’m expecting (but not dependent on) a decent bounceback late Wed…I think the Fed is going to be a nothingburger and the market will breath a monstrous sigh of relief…

  78. Fast Eddie says:

    Spoofs on conservatives are done with anger and resentment. It’s funny for 35% of the audience because they’re conditioned to believe it’s funny. Political spoofs used to be funny until the left1sts started losing at alarming rates which forced them to tailor the message in a different way. Anger replaces creativity and blinds the presenter into believing the content is entertaining. It ends up looking and sounding like Arthur Fleck. Then again, the left is teeming with mentally ill, impoverished party clowns anyway.

  79. No One says:

    Bystander,
    Some dancers have what it takes to be standout dancers and winners. Sounds like your niece has it. To make money professionally they also need the drive and the looks to create the total package. For several years in one studio my daughter danced in, there was a girl who was definitely the most talented dancer and consistently was #1 or #2 as a soloist, but her mom had an ass 4 feet wide, and by the time this girl was 14 it was clear that’s where her genes were going to take her too. Don’t think she’ll be dancing in music videos when she grows up, but could be teaching dance. I don’t feel bad for her because she and her mom were divas and bullied one up & coming star out of the studio, probably worried about another strong dancer stealing her titles.

    My daughter as I said was a good not great dancer, but good dancers are a dime a dozen. She was pretty enough to get invited to do some dancewear modeling at dancewear trade shows a few times. All her trophies are group dance trophies. At least she realized she wasn’t going to be a top dancer by the time she was about 15.

    I guess it’s like a lot of kids team sports. For 99.5% of the participants it’s expensive fun for them. And dance moms are probably like little league baseball dads. Always thinking the coach is overlooking how special their kid is. The big summer dance competitions would offer tryouts for actual dance jobs working on cruise ships for the summer for kids who would be over 18. Most of the kids in NJ would be going to college instead, but I did hear of some kids who did work the cruise ships to save up some money for college, or just didn’t have any better opportunity in life. I think a lot of the dancers on the ships I’ve seen aren’t American.

    My daughter has a younger friend on her old team who was selected to perform as a dancer for Mariah Carey lighting the NYC Christmas tree a few years back and also performed as part of the dance troupe for a TV show out in California. I guess all the episodes for the season were shot in a few weeks. Maybe actually got paid for that. Boys have a lot less competition in the competition dance world. And tend to turn out gay.

  80. Bystander says:

    No offense to you (or anyone) No One but when I read your post, I am thankful for my two boys. The whole skimpy outfits/objectification/modeling at young age absolutely creeped me out. I just can’t ever imagine being comfortable in that world with a daughter. The stories that my sis in law has..insane. They did it all so she could chase dream but some of those dance mothers are absolute monsters..far worse than just a brawl at a little league game. I also watched Living Dolls documentary 20 years ago on HBO and that was disgusting/vile portrait of child beauty world. The wide-assed moms in South, trying to claim beauty through parading babies on stage..sick.

  81. chicagofinance says:

    https://www.youtube.com/watch?v=gFjBYjFHUIk
    Libturd, channeling JJ says:
    March 14, 2022 at 12:50 pm
    “She is not as crazy athletic as some of these ‘roided out gymnastic guidette twerkers, but as a 12 year old she got the judge’s only competition artistic merit award.”

    You got to monetize this opportunity. Have you installed the pole and wraparound mirrors in her bedroom yet?

  82. Libturd says:

    A close friend of mine has a daughter who dances. Like ice hockey, it’s obviously a money grab first/extra curricular activity second. Their dining room is completely filled with trophies too. I asked my friend how much they spent on her budding stripper career and it was actually double what we pay for hockey. I asked him to break it down a little and besides the private lessons and cost to be on the team and travel for competitions, he said the dumbest most expensive part were the costumes (need a new one for every competition) and the makeup artist who dolls them up before competitions. To which I asked, what does DANCE have to do with make up and costumes? And why are they travelling?

    I’m glad the kids are getting something out of it. I get that as a parent. But the costs are outrageous. Why can’t the kids just learn to dance and not have to compete nationally? Like most karate kids. Though I do know they have a travel program too as I have a niece, who is a black belt who actually fought in Japan.

    I thought my kids $3,500/$4,000 hockey tuition was expensive. Then I saw the newer triple AAA clubs were charging $8,000 without the player’s travel costs!

  83. chicagofinance says:

    Re: dance costs…. not disagreeing, but at the end of the day, I see what people spend on tons of stupid sh!t. It is really fine. People waste money on cars, college, private school, houses, travel, restaurants, plastic surgery, goomahs, alcohol, golf, skiing, their stupid adult kids……. at the end of the day, she is grounded, disciplined and intelligent….. it’s a fucking bargain.

  84. chicagofinance says:

    I forgot…… pets

  85. Bystander says:

    ..and tax / financial advisors, chi. ;>)

  86. No One says:

    Bystander,
    I’m thankful my daughter wasn’t good enough to win solo dance competitions. Because those are the kids who chase the dream. But my daughter eventually realized she wasn’t a budding champion. I also subtly pointed out the lifestyles of her dance teachers and asked her if that’s the kind of life that would make her happy. But she enjoys the dancing and the camaraderie. The annual cost to be a competition dancer was at least $10,000 per year, between dance tuition, private lessons, costumes, competition fees, travel and hotels, photography and videography. This was at one of the top NJ dance studios that actually did get some of their dancers into pro dance jobs, and generally won in big competitions, run by a real tough broad. “Studio L” if anyone cares.

    Big universities should make competition dance a Title 9 eligible sport. Then dancers would get recruited by universities as dancers. It would be a lot more popular than girl’s lacrosse, and a lot more popular than the academic dance department stuff. Instead the modern dance hags have a tight grip on the university dance departments, choreographing crap like a dances about bulimia, or dances about white oppression, kids writhing around on the floor depressed and ready to kill themselves. Almost nobody wants to watch the academics’ depressing artsy dance, and they in turn dislike and look down on the whole dance competition dance stuff with their popular music, and their pretty costumes, and their popularity. So at my kid’s school the dance team is managed under the “School Spirit” department that’s allied with the team sports to basically work in conjunction with the cheerleaders on the other side of the field. So we see many glimpses of her on TV now. She actually likes this kind of sidelines dancing a lot more than the dance competition dancing (too demanding), and a million times more than the academic dancing (bleak and weird).

  87. BRT says:

    ARKK still has on their site YTD performance is -20%. How is this not criminal false advertising? Someone brought up half a billion in inflows last week? Poof…all gone.

  88. BRT says:

    PACB -15% on the day…ARKG for the win!!!!!

  89. No One says:

    Looking at ARK’s research team roster what I find most notable is that only one analyst earned the CFA designation. There are three client portfolio types with the designation. But neither Cathy or the Director of Research has the charter. Also looking at the roster I suspect very few of these junior analysts learned accounting or valuation techniques. A lot of them are either undergrad science or liberal arts majors that never went back to get an MBA or take the time to study for the CFA.

  90. leftwing says:

    “…her mom had an ass 4 feet wide, and by the time this girl was 14 it was clear that’s where her genes were going…”

    Oooof.

    So, what’s the difference between dating a white chick and a black chick? When a black girl asks you as you’re walking out on your date ‘does my ass look fat’ the answer is an emphatic YES!

    [anyone offended blame the sitcom Scrubs]

  91. leftwing says:

    LOL, your dance stories make this palatable…..

    https://www.youtube.com/watch?v=HQu_NLRvULM&ab_channel=endawright

  92. No One says:

    left, this diva and mom were both of the oppressor race so in their case the ass width wasn’t conforming to racial stereotypes. Her strength was lyrical dance, and technically she was good, but as an aesthetic experience, short and squat dancers don’t work for that style. I don’t think judges care though.

    There was a lot of entertainment at dance competitions. Like the Indian mom and daughter that would scream at each other every competition before the performances until the mom would run away sobbing. Or the couple who everyone knew were cheating on each other but still tried to be the model dance parent couple while some of the other dance kids would be spying on the dad trying to catch him with some other woman.

    I’d always bring earplugs to protect my hearing and read kindle books on my phone. Then I’d get sent out to bring food back.

  93. The Great Pumpkin says:

    “Trying to piece together the return to office data with anecdotal data. Was driving from LA to OC last Thurs starting at 3 and the drive took 2.5 hours (no visible accidents), the longest it’s ever taken in my 10 years living here. Return to office? Client meetings? Vacationers?”

    https://twitter.com/aliwolfecon/status/1503464138638471168?s=21

    “This happened in other markets with looser Covid policies a year or so ago.

    Anecdotal: 80% return to office full time and 20% are hybrid or full remote.

    The commute is longer in a lot of places because of the growth in burbs and decline of city center living over past 2 years.”

    https://twitter.com/miltonsghost/status/1503473764889096193?s=21

  94. Bystander says:

    BRT,

    Clip of Blumpy meeting with ARK client portfolio specialist

    https://www.youtube.com/watch?v=-DT7bX-B1Mg

  95. The Great Pumpkin says:

    Lol…have your little victory parade with ark funds type stocks. I won’t say anything for now, but be ready for me to run my victory laps in the future. Going to make a ton of money building a position in arkg and DNA at these current prices. When the FED goes dovish, I will be one happy mofo! Like taking candy from a baby in bio tech right now. Absolutely oversold by a mile. Give me those cheapies!!!

  96. leftwing says:

    “Looking at ARK’s research team roster…”

    Same…a while back someone posted some ‘biotech’ research from ARKK here…it was drawn in crayons…seriously, for anyone who has ever relied upon institutional research it was look-away-eyes-averted embarrassing….

    Below is a representative analyst…aside from your point of how he’s not CFA after seven years especially given his background, how the fuck do you stay ‘cutting edge’ across that many disparate sectors?

    Again, for anyone active anywhere near the financial sector identifying the macro trend is not the win…the value added is in the specific company selections. That requires total immersion. No way in hell this kid is totally immersed across all those sectors to be the best positioned analyst out there in each space…

    And if he’s not, why the fuck would I ever be in ARKK?

    Dumpster fire…

    “Sam joined ARK in July 2015. As an Analyst for ARK’s Autonomous Technology and Robotics strategy, Sam focuses on automation, robotics, energy storage, alternate energy, and space exploration.

    Prior to ARK, Sam was a business development intern at Graphiq, a knowledge graph and visualization company. Prior to Graphiq, Sam worked as a captain for Sail Caribbean.”

  97. The Great Pumpkin says:

    Remember, bear markets are the minority of the time. Bull markets are the majority. Take advantage of the gloom while you can. That’s how generational wealth is made.

  98. The Great Pumpkin says:

    This is a once every two or Three decade cleansing of the market and you guys are sitting here mocking absolute deals. Go do yourself a favor and start DCA if you want to make good money in the next 10-20 years.

    Imagine laughing at 75% off sales…now I know why most never hit it big in the market. Don’t have the conviction or risk tolerance.

  99. chicagofinance says:

    I would argue that even if you remove the D in DCA and go off a pure nominal basis, the summation of everything is still negative….. get it?

    The Great Pumpkin says:
    March 14, 2022 at 5:38 pm
    Go do yourself a favor and start DCA if you want to make good money in the next 10-20 years.

  100. The Great Pumpkin says:

    Chi,

    You can’t time the market, all you can do is DCA when it’s stupid cheap.

    How many people bashed tesla, amazon, or netflix for how long? F’ers could have been buying cheap shares, instead they bashed the sh!t out of it. I see no difference with the bashing of high growth right now from the past. Same value investors crying that they are overvalued and will crash. I rather just take advantage of a situation in which I can buy cheaply and wait a long time to get paid handsomely.

  101. leftwing says:

    By, that clip is funny. Going to steal the idea…..

    Dumbo….you most certainly DO NOT get any ‘victory laps’ on dead cat bounces…every stock in every major market move has counter trend moves…hell, CNBC just had research on AAPL showing that during its massive bull run of the last decade it’s had ten drawdowns with average declines of 30% and median declines of 29%….AAPL….which increased nine-fold over that period….

    No way in hell you’re making lives miserable here chirping every tick…you get your ‘victory lap’ when that stock is back where you bought it or in aggregate she’s earned enough to make back her shareholder losses….you had your call on ARKK, at 150. Own it, pussy.

    Seriously, if I can’t petition enough people here to get grim to tap the brakes on you if you think this thing moving from down 70% to down 65% is a major win all the while as you continue to hedge the timing of your fictional de minimis purchase I’ll find a way to buy him off to shut you the fuck up…..

  102. The Great Pumpkin says:

    Remember, the hardest buys to execute are usually the ones that win big. When it’s easy to buy, it never ends well.

    It wasn’t long ago that it was easy to buy high growth, and these people got their ass handed to them. Now these same people won’t buy when it’s a fire sale. Human nature is a bitch, and it’s why most people don’t make money with investing. Always buy when it’s easy, but never when it is difficult.

  103. The Great Pumpkin says:

    Lefty,

    You know it already…given enough time it’s going to come firing back. So why do you take such big victory laps on the short term? This is a long game and it’s only getting started for me.

  104. leftwing says:

    chi, why even entertain any idea from this fool? seriously, look at his posts over time on financial markets….to say he is a neophyte is a stretch…he literally has no idea of anything – macro, sector, or company specific – that drives shareholder value. Zero experience…outside of buying penny stocks and top ticking ARKK. The breadwinner in his household doesn’t trust him with money lol.

    Can we get an ignore button on here lol.

  105. leftwing says:

    And separately chi are we seeing financial cracks?

    AFRM pulled a $500m securitization today because a large investor backed out of the AAA tranche….deal was basically done, started marketing on March 4….

    Barclays ceased sales of its highly popular ETNs for crude (OIL) and volatility (VXX) because “Barclays does not currently have sufficient issuance capacity to support further sales from inventory and any further issuances of the ETNs.”

    I love old Wall Street sayings, because they are timeless….’When the tide goes out we’ll see who has been swimming naked’.

  106. The Great Pumpkin says:

    Lefty,

    Can’t wait if you are still around in like 7 years to tell me that this call was inevitable just like you did to me with housing.

    I remember being told housing is never coming back that property taxes would limit appreciation. Guess this neophyte had that one right too, just needed years for it to happen like I said it would.

  107. The Great Pumpkin says:

    Honestly, lefty, how the f’k do you lose buying arkg at current pricing? How?! Biotech always does this…you know it. It booms and busts…that’s the nature of innovation.

  108. The Great Pumpkin says:

    High growth the same. It booms and busts just as hard. If you buy the bust, chances are you will not lose.

  109. The Great Pumpkin says:

    High growth stocks are like buying Florida real estate. It always booms hard and then busts hard…every single time. That’s why you have to be nuts to buy Florida right now..absolutely crazy to do it. Like buying ark 2020.

  110. 3b says:

    In other news a good friend of mine returned to the office ( works for Bony) on a hybrid schedule 3 days in the office, 2 days at home. This past Friday, after being on this schedule for just 1 week. Employees got to all email saying effective today the hybrid schedule was being changed to 3 days at home and 2 in the office. Everyone in the office on Wednesday s, and choose one other day a week to come in the office; it will be completely up to the employee to choose whatever other day they wish to come in to the office. Well, that did not take long!!

  111. leftwing says:

    “You know it already…given enough time it’s going to come firing back. So why do you take such big victory laps on the short term? This is a long game and it’s only getting started for me.”

    Because you are fool and coward. Because you are anti-intellectual and have no desire to learn anything. Because you are so fragile you are a contortionist for being ‘right’ and nothing else matters. In short, basically your entire essence is offensive to everything I value.

    Given enough time anything will come back…well except companies like KB Homes, Cisco, etc that still aren’t back to their highs of two decades ago….

    And even aside from quality companies that just don’t come back from horrifically high valuations if you had any inkling or even just the incentive to look at wikipedia for five minutes you would understand that even if something ‘eventually comes back’ there is the concept of opportunity cost in investments.

    There is no ‘victory lap’ by anyone here on the decline. You are literally the only adult I know that thinks that way. There were about 15 posters here who spent the better part of most days during the course of nine months trying to talk you out of putting your family’s money in the ARKK wheelbarrow and setting it aflame. I personally don’t know why I spent that time – I guess all humans are humane at their core – but I regret it because you are fucking insufferable.

    Do what you want. At this point, and I can’t believe I’m actually saying this, I hope your breadwinner gives you freer rein and you blow yourself the fuck up. Because then at least you would be forced to STFU with your non-sensical ‘financial’ drivel.

  112. The Great Pumpkin says:

    3b,

    If it sticks, it’s not because the boss wants to; it’s because the workers are getting what they want. Doubt this kind of labor market where the workers tell the boss what to do will last. If it does last, say bye to the American economy. It’s like having a 100% unionized labor force for our entire country. TKO.

  113. The Great Pumpkin says:

    Just look how bad the service is now at restaurants. Went to absolute sh!t. A lot of workers are becoming useless.

  114. leftwing says:

    “Honestly, lefty, how the f’k do you lose buying arkg at current pricing? How?! Biotech always does this…you know it.”

    You understand I am intimately familiar with this space from an investment perspective?

    “It booms and busts…that’s the nature of innovation.”

    Your investment thesis for a specific basket of stocks….I take my prior statements back. You’re not a moron…you against all odds are actually an idiot.

    https://www.merriam-webster.com/words-at-play/moron-idiot-imbecile-offensive-history

    No more responses for you. Good luck in life.

  115. The Great Pumpkin says:

    Lefty,

    If you weren’t calling me names and coming from a confrontational approach, maybe I would have listened. Plus, I knew you bashed Tesla…look what happened with that.

    Forget about last year. At current pricing, is it worth buying arkg or DNA? Sure, might go lower, but at current pricing, hard to lose long-term.

  116. Fabius Maximus says:

    NoOne,

    I have friends who just pulled their kid from Studio L for the High School team. Add in the Disney Timeshare costs for the two weeks they spend there for competitions.

    I don’t think dance would qualify for Title 9 as there is no male equivalent. Lessons get you ice/floor/playing time that will make up for talent deficiencies.

  117. The Great Pumpkin says:

    Does a bear market make you want to work harder or relax more? I’ve often had this internal debate in my head because I’m always trying to optimize the right balance between time and money.

    My answer is that bad times make me want to work less. The reason why is because the opportunity cost of not working as hard declines.

    If you’re not going to get that big year-end bonus, then why bother working more than 40 hours a week? Instead, you may rationally reduce your hours to match your expected reduced pay.

    Just don’t take relaxing too far.

    The main risk of a potential recession is mass layoffs. The bottom 10% of performers will usually get let go first. The next round of layoffs may be those who’ve had a history of calling in sick on a Friday or Monday and not trying very hard in general. Then the next round will be those who are neutral performers who didn’t built strong-enough relationships with their colleagues and managers.

    If you work at a public company whose stock has completely given up all its gains since the start of the pandemic, I would say there’s a 80% chance layoffs are coming before year end.

    Your company’s revenue and profits may have grown, but the C-level executives will feel the pressure to do something about their underperformance. And the easiest way to do something is to cut costs.

    If you want to hold onto your job, then it’s worth stepping up the work effort and building better relationships now.

    Still Buying The Dip

    Some of you have asked what I’m doing with my public equity investments, which accounts for about 32% of my net worth.

    Check out this comical chart below of one of my positions in VTI in one of my taxable brokerage portfolios. VTI is the Vanguard Total Stock Market Index ETF.

    I’ve been buying the dip, but the market keeps on dipping. So sad. But I’ve been doing this for years now and I won’t stop.

    In general, I like to dollar-cost average whenever there is a 1%, 5%, and 10%+ move to the downside. Thanks to zero commissions, it’s easy to buy just a few shares or even one share nowadays.

    ​​​​​​​Psychologically, it also feels good to do something about a suboptimal scenario. My holding period for this taxable portfolio is over 20 years, i.e. until I’m in my mid 60s.

  118. PumpkinFace says:

    What did you buy and how many shares?

    How much? Nothing? Shocking

  119. 3b says:

    Pumps: The employer told the employees to WFH 3 days a week, not the employees. This was after only on week on their hybrid schedule. What happened in a week? The employees got together with torches and pitchforks and stormed the CEO s office and demanded a 3rd day WFH?? You are a piece of work!!

    Ironic that you compare employees demanding WFH ( in your warped thought process) to a 100 percent unionized work force and how bad that would be ,of course not the teachers union. Total lack of self awareness! Totally frightening!

  120. The Great Pumpkin says:

    Nothing but love.

    I think I’m buying back into 401k. I already won at these levels, and any downside can be DCA. Might sell back out again end of April. Just feels like peak gloom at the moment.

  121. The Great Pumpkin says:

    3b,

    Just calling it like I see it. Maybe, you are right and I’m totally wrong.

  122. 3b says:

    Pumps: That’s your problem, you are blinded.

  123. BRT says:

    No One, when he sent us to their website, I said that ARK’s team looked like a Rainbow Coalition of millenials that never saw a bear market. That’s changed. They are a coalition of millenials that have no experienced one bear market, and it’s taking their to the cleaners on a daily basis. Not them though, they got their fees.

  124. The Great Pumpkin says:

    I got some balls and think ETH bottomed. Staked it on coinbase for 4.5%. Can’t sell till ETH switches over to new ETH2.0.

  125. The Great Pumpkin says:

    Some porn for you guys

    “Hat tip to the team at Wood Chipper Capital (f/k/a Ark Invest) for all of the hard work identifying & holding so many stocks that are great shorts. I would never have the time to find, follow & short that many names. Thanks to you, I can just short $ARKK. Garbage secured.”

    https://twitter.com/bgrahamdisciple/status/1503505971460595715?s=21

  126. The Great Pumpkin says:

    Maybe will wait on 401k move…getting gloomy.

    “Looks like the Dow will run into some chart congestion (support) if it declines another 20%, the S&P maybe 25%,and Nasdaq, about 40% – which is just the range the market traded from mid 2018 to when it took off in late 2019.

    Getting interesting. People are losing their minds”

  127. BRT says:

    Why is it that you argue for a year straight about why this wouldn’t happen and don’t budge an inch but some random dude on twitter posts something and immediately sways your mind?

  128. Phoenix says:

    How spyware works and who the actors are:

    https://bit.ly/36mrdsJ

  129. PebusJead says:

    oH tHaNks pHeiNix yOu aRE sO hElPful.
    anD yOur bEdSide mAnNeR iS iNsPiRing.

  130. Phoenix says:

    Got my car ordered.

    Need to unlock my credit report. Of course one of the 3 doesn’t want to unlock.

    Says it will email you a 6 digit code, no email for ten minutes now.

    Hopefully the other two reports will be enough for them.

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