Comment Re:I don't get the appeal (Score 1) 167
Comment utilities will always stick it to the little guy (Score 4, Interesting) 214
Comment Re:2009 (Score 1) 73
Comment Re:And if you didn't realize it yet then you must (Score 1) 93
Comment Re:Really? (Score 1) 183
It is so obvious that many smug posters have zero real-life experience. Just because you read about something on the internet does not mean that you understand it.
Comment Re:The Land Yacht Era and Bullshit Excuses. (Score 2) 328
While overall traffic fatalities in the US dropped from roughly 52,600 in 1970 to about 38,800 in 2020, the national death rate per 100 million Vehicle Miles Traveled (VMT) plummeted by about 75%. In 1970, that rate was roughly 4.7, whereas in 2020 it was around 1.3.
Apparently lower hoods meant more collisions and deaths.
Comment You can't look away from it (Score 1) 22
Meta executives have repeatedly defended the data-gathering project, saying it was necessary to train AI systems to operate computer software the way humans do and that employees were the best examples for the artificial intelligence to learn from.
Okay, this puts a chill up my spine.
Comment Re:taxing unrealized gains is problematic (Score 1) 295
. . . Market volatility doesn't factor into anything when the valuation is based on a one-time snapshot on a specific date. =Smidge=
one-time snap shot is not volatile . . . got it.
Comment Re:taxing unrealized gains is problematic (Score 2) 295
First off: In CA we have prop 13, which prevents CA assessor from taxing your home based upon current appraisal (it's limited to a rate increase based upon your purchase price.) This was done in the 70's because people were forced to sell their homes to pay taxes. I know this as fact because it happened to my grandparents in Los Angeles. Prop 13 remains law because even in CA, it is realized as completely unfair to homeowners whose only crime was they paid off homes and lived a long time.
Second, If you've been through IPO you would know this: You will look in your portfolio account and see some really nice 7 figure numbers. But you will be blacked out for minimum 90 days and in some cases 180 days. You are only allowed a small window to exercise. Stock price for first few years after going public is notoriously volatile. Those nice fat numbers will drop considerably, maybe down to 10%. Finally, your pals at US treasury and State of CA can't wait to get their cut. If you are unlucky enough to have to sell before you can hold your converted shares at least one year, you will pay ordinary income tax. CA state and FED numbers rack up to about 53 % when it is said and done.
Bottom line: taxing unrealized capital is financial voodoo. Please consider this carefully. Tomorrow it will be millionaires on the menu, and if you own a home in CA, you are a millionaire.
Comment Spin this into the Intel deal (Score 1) 73
Apollo 13 time - don't tell me about what you can't do, only tell me what you can.
Comment brought back memories of my Moto Razr V3 (Score 1) 124
getting photos off on your laptop
contract lists
making notes
listening to music.
I remember having an iPod, a palm pilot, and my Razr, and really wishing they could all be mashed together. Today, that is iPhone (or any smartphone). Problem for me is I don't like the huge size of 17, 13 mini was last iteration that I liked. I was really hoping Apple would get on the retro/flip/simplify bus and do something, but seems like that just isn't going to happen any time soon if at all.
Comment Re:The SpaceX Valuation is Insane (Score 1) 67
I still laugh at that.
Comment terms and conditions? (Score 2) 26
Comment Re:Yes, suuuure! It is ALL these dastardly Chinese (Score 1) 87
. . . Also the reason that Space-X markets their IPO primarily to "private" (a.k.a. "clueless") investors. The institutional ones will stay far away, and several ones have even announced that publicly. They usually do not do that. The red flags for an "investment" do not get any more red or any larger.
I don't know the actual reason that Musk et al are pushing for retail investors for SPCX, but I think it is a good thing. It will allow small timers to get into what could be a big boost to their own portfolios vs. institutional investors who are already part of the elite.
If there is big downside, each private buy doesn't amount to huge dollars so mom and pop get a sting not a body blow (of course don't be an idiot and go all in on margin.)
Last point, many small transactions give a true measure of value, vs. the manipulation of market makers who are in league with the institutional guys.