Favorite team:Stanford 
Location:Houston
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Number of Posts:77366
Registered on:3/3/2009
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re: Crypto hedge fund Three Arrows Capital (3AC) now in liquidation - slackster
[quote]The companies and people getting rekt are suffering because of their stupidity, not the lack of value in crypto.[/quote] While I mostly agree with this, there are a few use cases that have been blown to smithereens. For starters, the whole “store of value/digital gold” is done and over wit...
Posted on Money Talk
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re: Crypto hedge fund Three Arrows Capital (3AC) now in liquidation - slackster
[quote]How did you pull all of it from Voyager today when there is a 10K limit? I have to do it over a span of days. [/quote] By having less than $10k in Voyager. :lol: I started with more, but, ya know…...
Posted on Money Talk
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re: Crypto hedge fund Three Arrows Capital (3AC) now in liquidation - slackster
[quote]What’s the closest similarity and why?[/quote] Banks, credit unions, and hedge funds have failed throughout their existence. I’m not knighting for crypto, but to act like it’s unique to that space is foolish. Look into Long-Term Capital Management, for starters. ...
Posted on Money Talk
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re: Crypto hedge fund Three Arrows Capital (3AC) now in liquidation - slackster
I liquidated and pulled all my crypto from Voyager today. Supposedly the USD there is FDIC insured, but I’ve got no desire to even have to deal with them should something happen. What a clusterfrick this has been in crypto land, but it’s not without similarities in tradfi as well. ...
Posted on Money Talk
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re: Spirit Airlines options - can someone explain how this works? - slackster
The Jet Blue offer is almost certainly not going to be accepted, hence the stock price trading much closer to the Frontier offer price. ETA- it’s a risk reward play, but it’s not easy money, if you’re thinking it is. ...
Posted on Money Talk
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re: Jim Cramer is truly the Peej of the stock market - slackster
[quote]Anyone who continued following him after the Bear Stearns debacle deserves what they lose. [/quote] To be fair, he was talking about deposits there, not the common stock. He ended up being right as they fed stepped in and provided the liquidity for depositors, but he was right for the wron...
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re: Jim Cramer is truly the Peej of the stock market - slackster
[quote]feel like there is already an inverse Cramer tracker, think I saw it on Wall Street bets. It was killing it lol dude is always wrong[/quote] Cramer gives out a metric shite ton of opinions. Tracking him is virtually impossible. He’s on at least 3 shows a day on CNBC. In the course of a mont...
Posted on Money Talk
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re: TFL Youtube channel tests Ford Lightning EV truck's towing range vs gas powered truck - slackster
[quote]Batteries are hot garbage. Name one battery operated thing that has not disappointed you.[/quote] Every battery powered piece of yard equipment I own has been a better experience than their ICE counterparts. You simply have to use the right tool for the job. ...
Posted on O-T Lounge
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re: TFL Youtube channel tests Ford Lightning EV truck's towing range vs gas powered truck - slackster
[quote]don’t know what you do for a living, but you are detached from reality.[/quote] Not at all. 75% of truck owners haul something once or less per year according to Strategic Vision, an automotive consulting firm. ...
Posted on O-T Lounge
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re: Javen Coleman Update - slackster
[quote]Well I don’t want to be considered creepy if that’s how most people feel. I feel terrible.[/quote] Your original post wasn’t creepy, but the way your reacted to it has absolutely confirmed you’re creepy AF. ...
Posted on Tiger Rant
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re: Can a man legitimately decide to never settle down? - slackster
Depends what you want out of life, but sure, it’s possible. ...
Posted on O-T Lounge
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re: Act of donation vs Title transfer - slackster
[quote]own a small business, my liability limits and umbrella policy on things in my business or my name make the premiums much higher than a policy on a vehicle titled in my kid's name[/quote] Gotcha. :cheers: Figured there was some extenuating circumstance that made it necessary. ...
Posted on Money Talk
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re: Louisiana judge issues TRO on trigger law - slackster
[quote]m not sure if I've ever heard of such a thing as a judge issuing a temporary restraining order against a ruling by the Supreme Court. [/quote] Well you still haven’t, because the TRO is against the state, not the USSC. ...
Posted on O-T Lounge
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re: Act of donation vs Title transfer - slackster
[quote]Gonna put kid's (20 yr old college student )vehicle in their name for insurance purpose.[/quote] Is it better/cheaper for them to be on the title? ...
Posted on Money Talk
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re: Known fraudster Saylor pleads for government regulation in crypto space - slackster
[quote]Can something fail the Howey test and be a commodity at the same time? [/quote] Yes. You want Bitcoin to fail the Howey test or else it becomes a security. ...
Posted on Money Talk
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re: 401k - Putting in more than the company match pros and cons - slackster
[quote]So if you have a fat brokerage account that you've built over the years you can take out 106k before paying any federal taxes. [/quote] The majority of my clients have a federal and state effective tax rate that is sub 10%. It is quite difficult for the average person to have a higher...
Posted on Money Talk
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re: Four Star QB Jaden Rashada’s NIL deal with Miami is worth $9.5 million - slackster
I completely whiffed on NIL. I thought college sports money was basically a zero sum game, and any money coming through NIL would be money coming out of donations for things like facilities and coaching salaries. Instead, they’ve both continued to blow up. I clearly underestimated how direct...
Posted on More Sports
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re: With the fed rate hike when would we see rates go up on.... - slackster
You’re seeing it right now on brokered CDs. ...
Posted on Money Talk
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re: Will S&P hit 2700 over next 9 months? - slackster
[quote]Probably so… [/quote] Gotta love a good technical analysis with zero context whatsoever. Let’s just ignore the fact that banks were failing in the former analysis. :lol:...
Posted on Money Talk
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re: Main Street starting to feel the pain in Retirement accounts - slackster
[quote]There are WAY more ways to make money in a bad market than in a good market. My wife stays at home and trades options with our funds and in a falling market....correction, in a plummeting market, making money is easy. There are days she earns over 200% of what she invests in a matter of h...
Posted on Money Talk
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