OT: Crypto, Stocks, Bonds, Real Estate, Investments, IRAs & Finances, etc.

[dakomish23]

That tweet is a false dichotomy. This is the correct one.



I hope you all earn some money from this.

There's not many rich that aren't rent seekers. Like the whole system of capitalism is built to encourage accumulating wealth without actually bringing value and being an entrepreneur doesn't necessarily change rent seeking being a large part of your earnings.

To take it a step further, there's really very few paths for the non-super-talented to increase wealth without being a rent seeker. How The question is whether rent seeking brings value or not - certainly moving money around has helped increase the size the overall availability of wealth. On the flip side, for the non-rent seekers, how much value does a 9 to 5 job really bring to the world in the broad context of things. Don't want to derail the topic though.

Is a rent seeker another term for landlord?

I did that for years. Ended up costing me a lot, especially in Nassau county which has some ridiculous rules even in an eviction

IE you have to house their crap for a month, even if they’re long gone which my tenants were. Cost me $1300. Just one of the many many many fees that they never tell you about when they say “just be a landlord”

Also, look into the new tax rules on rental property. Used to be that you could move in for two years and now it’s considered your property, so you could sell afterwards and rollover the taxes on the sale as long as you bought another house. Now it’s a proportion.

Not trying to discourage anyone from doing it, just know everything about it

[E-Balla]

There's not many rich that aren't rent seekers. Like the whole system of capitalism is built to encourage accumulating wealth without actually bringing value and being an entrepreneur doesn't necessarily change rent seeking being a large part of your earnings.

To take it a step further, there's really very few paths for the non-super-talented to increase wealth without being a rent seeker. How The question is whether rent seeking brings value or not - certainly moving money around has helped increase the size the overall availability of wealth. On the flip side, for the non-rent seekers, how much value does a 9 to 5 job really bring to the world in the broad context of things. Don't want to derail the topic though.

Is a rent seeker another term for landlord?

I did that for years. Ended up costing me a lot, especially in Nassau county which has some ridiculous rules even in an eviction

IE you have to house their crap for a month, even if they’re long gone which my tenants were. Cost me $1300. Just one of the many many many fees that they never tell you about when they say “just be a landlord”

Also, look into the new tax rules on rental property. Used to be that you could move in for two years and now it’s considered your property, so you could sell afterwards and rollover the taxes on the sale as long as you bought another house. Now it’s a proportion.

Not trying to discourage anyone from doing it, just know everything about it

Rent seeking is the term for when you gain wealth while not creating new wealth. Landlording is an example of rent seeking practices but not the only one.

[aq_ua]

To take it a step further, there's really very few paths for the non-super-talented to increase wealth without being a rent seeker. How The question is whether rent seeking brings value or not - certainly moving money around has helped increase the size the overall availability of wealth. On the flip side, for the non-rent seekers, how much value does a 9 to 5 job really bring to the world in the broad context of things. Don't want to derail the topic though.

Is a rent seeker another term for landlord?

I did that for years. Ended up costing me a lot, especially in Nassau county which has some ridiculous rules even in an eviction

IE you have to house their crap for a month, even if they’re long gone which my tenants were. Cost me $1300. Just one of the many many many fees that they never tell you about when they say “just be a landlord”

Also, look into the new tax rules on rental property. Used to be that you could move in for two years and now it’s considered your property, so you could sell afterwards and rollover the taxes on the sale as long as you bought another house. Now it’s a proportion.

Not trying to discourage anyone from doing it, just know everything about it

Rent seeking is the term for when you gain wealth while not creating new wealth. Landlording is an example of rent seeking practices but not the only one.

Yeah, it would include any sort of passive income and/or passive wealth generation, including owning stocks or any kind of investment really. This has become demonized because asset value increases have vastly outpaced wage increase, so it's increasingly harder to catch up to the haves if you're just starting, but it's also increasingly harder to get to a position of wealth without taking advantage of some form of passive income and/or wealth generation.

[Nyk88]

Watch on YouTube

Really good watch. I’m ready for next week. Diamond hands ready. “Fly me to the moon...”

[Grinditout]

So what do you guys think happens on Monday? Drop or to the moon?

[bringbackhoffa]

So what do you guys think happens on Monday? Drop or to the moon?

Trust the Process and HOLD!

Sent from my SM-G960W using RealGM mobile app

[Stannis]

So what do you guys think happens on Monday? Drop or to the moon?

Market drops 3 percent.

But GME, AMC, NAKD, KOSS, SPCE, Express, BB, Nokia all pop.

Almost every trader I know switched from Robin hood to Fidelity or TDA. Atm, Fidelity hasn't put any restrictions yet. But that could change with the increased volume

[bboyskinnylegs]

is there anything Blackrock (or any of the large holders) could do to screw over the retail holders on GME (that doesn't interfere with their own interests in making a huge return)?

It is costing shorts something like 30% a year to keep their positions on, so I'm sure they'll try whatever they can to scare people into selling so they can cover.

[Im Coming Home]

is there anything Blackrock (or any of the large holders) could do to screw over the retail holders on GME (that doesn't interfere with their own interests in making a huge return)?

It is costing shorts something like 30% a year to keep their positions on, so I'm sure they'll try whatever they can to scare people into selling so they can cover.

They've already been doing a media push on CNBC and others and having them claim they've 'closed their position on GME' despite lack of evidence and lack of proof of this. They've trying to scare people into selling and the stock market media is all but ready to help them lie, its disgusting.

[Stannis]

is there anything Blackrock (or any of the large holders) could do to screw over the retail holders on GME (that doesn't interfere with their own interests in making a huge return)?

It is costing shorts something like 30% a year to keep their positions on, so I'm sure they'll try whatever they can to scare people into selling so they can cover.

They should have just cut their loses instead of quadrupling down.

[poeman]

is there anything Blackrock (or any of the large holders) could do to screw over the retail holders on GME (that doesn't interfere with their own interests in making a huge return)?

It is costing shorts something like 30% a year to keep their positions on, so I'm sure they'll try whatever they can to scare people into selling so they can cover.

They've already been doing a media push on CNBC and others and having them claim they've 'closed their position on GME' despite lack of evidence and lack of proof of this. They've trying to scare people into selling and the stock market media is all but ready to help them lie, its disgusting.

Pretty much and they doubled down. The nerve of these firms

[Garbagelo]

seems like Silver is being pushed as the next short squeeze

can't buy physical silver anywhere recently without a 4-5x premium

[knickabocker88]

I had a 110 3/19 $54 contracts of Silver @ 11 cents

Sold it on Friday for 30 cents

It probably going to open at $1.50 premium on Monday

I feel like a Knicks GM

[knickabocker88]

Though, a Market crash does seem imminent. Might liquidate my holdings for the time being. Will see how 4am looks like

[bringbackhoffa]

Silver seems like a distraction from the hedge funds to get the retail investor to divert their attention from GME, apparently citadel has a strong interest in seeing silver rise

Sent from my SM-G960W using RealGM mobile app

[Stannis]

Silver seems like a distraction from the hedge funds to get the retail investor to divert their attention from GME, apparently citadel has a strong interest in seeing silver rise

That's what I was thinking. Ill the big business channels are talking about silver nonstop.

I can see why they are doing this because I honestly think this GME and AMC stuff could lead to a crash as it might influence The 1% to take all their money out of the market until this loophole is fixed.

[rajajackal]

Silver seems like a distraction from the hedge funds to get the retail investor to divert their attention from GME, apparently citadel has a strong interest in seeing silver rise

Sent from my SM-G960W using RealGM mobile app

any "meme" stock or squeeze attempt outside of GME is a diversion of retail buying power

[Garbagelo]

Silver seems like a distraction from the hedge funds to get the retail investor to divert their attention from GME, apparently citadel has a strong interest in seeing silver rise

Sent from my SM-G960W using RealGM mobile app

No. If you have been following the latest history on Silver, it is actually a GME like play but for HEDGE FUNDS trying to squeeze bullion banks.They have been trying to do this the past few years. If they succeed, the gains will be astronomical.

They are doing exactly what WSB is doing to them but on a more massive scale.

If you think about it, we are in this game to make money, trying to stick it to them is nice and symbolic, but people need to put emotions away and do what is best for their wallet. Hedge funds aren't the enemies, it's the Fed and banking system that created this trashy system to begin with. Hedge funds are just a monstrosity created by them.

[Stannis]

$AG up big time premarket.

$SILJ is a silver mining ETF that's doing pretty well.

[Stannis]

No. If you have been following the latest history on Silver, it is actually a GME like play but for HEDGE FUNDS trying to squeeze bullion banks.They have been trying to do this the past few years. If they succeed, the gains will be astronomical.

They are doing exactly what WSB is doing to them but on a more massive scale.

If you think about it, we are in this game to make money, trying to stick it to them is nice and symbolic, but people need to put emotions away and do what is best for their wallet. Hedge funds aren't the enemies, it's the Fed and banking system that created this trashy system to begin with. Hedge funds are just a monstrosity created by them.

You don't think it's convenient now that the news is pumping up this Silver squeeze? Even going as far as saying Redditers are squeezing it and moving on from GME (which isn't true)?

I 100% agree with you obviously. The facts are right in front of us. The hedge funds are trying to squeeze silver. And they have been trying to a while now. But the timing just seems off to me. I thought this silver squeeze was going to happen in the summer, but it's like they want it to happen now in hopes of taking away from the meme stocks which have a crucial couple weeks ahead.