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Comment Re:taxing unrealized gains is problematic (Score 2) 283

Okay this is getting idiotic.

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 brought back memories of my Moto Razr V3 (Score 1) 121

While I did really like that phone, there were some things that sucked/lacked:

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: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.

Comment I use and like AI for the most part (Score 1) 55

Using the AI to help with analysis or data/literature review is really very good. But I'm surprised how inept they can be in their own use case

Siri - "I don't want xxx (or I want yyy) on my phone, how do I do that" - I've found Siri to be useless for this
Co-pilot - "how do I fix xxx or not have it do yyy on my doc/excel/ppt" - disappointing, at best you get a complicated list of things to try.
Gemma for Mac (locally) - "how do I make backups of chats" says that I can't do that, need to use Gemma in a browser (cut and paste from app window is not available)
Grok - Export to PDF, only reports out last answer and I've found that to be mangled often. you need 3rd party extension to do it properly.

Comment okay I'll play the bad guy today (Score 1, Informative) 37

I use Amazon subscribe, - for coffee just like the story!

Thing #1 is that coffee prices did go way up, not just on amazon by in the US thanks to you-know-who and tariffs. Can't blame Amazon for that.

#2 It's not that hard to cancel. And you only have to sort it out once, not a daily hassle type thing.

Lastly, we have a small office (where you have to do 12 things every day AND keep your business alive) and it's always things like coffee, hand soap, etc. that you run out of, subscription makes takes away some hassles, at least for me.

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