Side Hustle
#711
I know SPACs have been all the rave in this thread but just a fair warning on the dangers of speculative investing. I believe WKHS was talked about openly on here and I think one poster even said they toured the factory. Turns out they didn't get the USPS contract and the stock was taken to the woodshed.
Looks like a permanent loss of capital for investors and even deeper wound if leverage was used. Be careful out there folks. Stocks rapidly rising without fundamentals to justify the rise will eventually meet gravity, and the fall will be even swifter than the climb!
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Looks like a permanent loss of capital for investors and even deeper wound if leverage was used. Be careful out there folks. Stocks rapidly rising without fundamentals to justify the rise will eventually meet gravity, and the fall will be even swifter than the climb!
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https://taibbi.substack.com/p/financ...ictionary-spac
#712
There had been some discouragement of active or riskier trades in retirement accounts earlier in the thread. My point was that trading actively in a retirement account can be part of a broader strategy. There are tax advantages of creating STCG in retirement accounts while holding assets for LTCG in taxable accounts. If done in reverse order the same investments create higher taxes.
Great discussion!
#714
For a good primer on SPACs, and why they're probably a very, very bad idea, head on over to Matt Tiabbi's substack and read this.
https://taibbi.substack.com/p/financ...ictionary-spac
https://taibbi.substack.com/p/financ...ictionary-spac
Show me a SPAC with a good team for ~$10.50 per unit, and I’m in.
#716
Gets Weekends Off
Joined APC: Jul 2017
Posts: 106
I’m pretty sure I could have played hardball and gotten 4.5% or maybe even 4, but I didn’t have the energy or desire. Either way, I’m confident that an agent adds value (and takes a big load off your plate) so I don’t mind paying for that service. Or maybe I’m just rationalizing because I’m too lazy to FSBO a house.
#719
Banned
Joined APC: Jul 2017
Posts: 894
I am getting ready to sell an inherited house in NJ. It seems like a seller's market now and there are not many homes for sale in the area. Those that sell, do so quickly.
Would it be better to till the Spring/Summer to sell? Or does it really matter when it goes on the market anymore?
Would it be better to till the Spring/Summer to sell? Or does it really matter when it goes on the market anymore?
#720
Gets Weekends Off
Joined APC: Sep 2019
Posts: 1,538
I am getting ready to sell an inherited house in NJ. It seems like a seller's market now and there are not many homes for sale in the area. Those that sell, do so quickly.
Would it be better to till the Spring/Summer to sell? Or does it really matter when it goes on the market anymore?
Would it be better to till the Spring/Summer to sell? Or does it really matter when it goes on the market anymore?
Spring market is now!
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