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Joined 1 year ago
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Cake day: July 6th, 2023

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  • This doesn’t sound like him at all. I’ve posted a comment coming from the Reddit subs, but it seems like a bunch of his interviews, put into ChatGPT and spewed a bunch of negative sentiment.

    I then noticed, “we must be profitable.” That’s not something he’d say like that. He always has learned the intersection of customers and profitability. Definitely not how his father taught him.



  • It is that bad for my situation. I’ve invested generically in the system for a couple decades following the all knowing advice. Put it in index funds that follow the market, don’t do anything too risk adverse, you can’t beat stock pickers… You know, the ones that force you to keep into that system.

    It ended up being a pretty heafty amount I’ve accomplished before this whole saga started. 2020 was a shock to the total amount, but still doing better than most.

    The main problem is the US tax code is a progressive system. The less you make, the less you pay seems to be a valid consensus.

    Problem is, the higher your income (not investments as that’s a different part of the code, and it’s how many billionaires hold their wealth) the more that money is taxed. As any money that is taken out of a traditional account (not dealing with ROTH as that has it’s own scenario… See lots of crappy parts) that money is considered income and it’s placed on your top income bracket (federally the highest being 37% of the amount of money, not including state, local, county taxes which for me adds up to that tax hit in at least the 60% rate). That’s a very broad overview, and I could do things to make it work, but there’s a consideration of my personal obligations that also put the strain on resources (mortgage, childcare, bills).

    If I were to do this hit, my only recourse is to sell quite a few of the shares (which means I guarantee the losses of decades of retirement savings I’ve worked for).

    That amount is a drop in the bucket in the total shares you see, but we’ve been at this for over 2 years now, who knows how much longer it’ll be before MOASS happens, let alone when I’ll get that “tax hit” back.

    I’m willing to pay what I need to guarantee the shares don’t get sold (wasn’t that the original premise). It seems the LLC route is the next step to jump over.