FReddych 🧢🚀🔋🏬

[FReddych 🧢🚀🔋🏬 @FReddych]

@sweatystartup There’s no way google has that kind of money 😂😂

[FReddych 🧢🚀🔋🏬 @FReddych]

@wholemars The wife wants one and I'll likely order once it prices and the release date becomes clear. But I'd put down a deposit today if it meant I got to go to the reveal. If not I will just keep it working in the market.

[FReddych 🧢🚀🔋🏬 @FReddych]

@NemGee @JCChristopher @IlyaAbyzov those rates are gone for DFW. I am also in dfw and getting about the same rates as you. I use around 800kwh charging my truck per month so i am on the $15 per month Tesla charging plan, works out to be around $.02 per kwh.

[FReddych 🧢🚀🔋🏬 @FReddych]

@jakewoolf Me but I rotate between cowboy boots, iron rangers and kill shot 2s.

[FReddych 🧢🚀🔋🏬 @FReddych]

Interactive brokers already tracks all my purchases by lot. If I pull out margin proceeds they can adjust basis on the shares that are being pledged for the loan. If the basis reaches zero they would just 1099 me at which point they would reset the basis to the net margin proceeds. Do it proportionally across all shares pledged or however the IRS mandates under its rev proc.

[FReddych 🧢🚀🔋🏬 @FReddych]

@Socialtrainers @ZacksJerryRig Why? A broker could do this automatically

[FReddych 🧢🚀🔋🏬 @FReddych]

@Socialtrainers @ZacksJerryRig the whole tax code is filled with all sorts of extra work when it comes to tracking basis.

[FReddych 🧢🚀🔋🏬 @FReddych]

@Socialtrainers @ZacksJerryRig your basis steps up to $50 when you pay the cap gains on the loan. so if the stock later crashes down and you sell for $35 you can claim a $15 capital loss.

[FReddych 🧢🚀🔋🏬 @FReddych]

I get it, but on the other hand, if you have $1 basis in a stock that goes up to $100 and then you margin it for $50 in proceeds, I absolutely believe you should have to pay cap gains on $49. then when you sell the stock for $100 you can pay cap gains on the other $50. I think that is fair.

[FReddych 🧢🚀🔋🏬 @FReddych]

@AlfakevinE @GlobalWatchClub the fact that you are trolling x for arguments on whether it makes sense to buy a fake naut says otherwise. if you truly didnt care, you'd just buy it.

[FReddych 🧢🚀🔋🏬 @FReddych]

@Socialtrainers @ZacksJerryRig so let them pass the stupid bill so they can make themselves feel better and see zero income come out of it. but the borrow until you die and stepped up basis trope will be dead.

[FReddych 🧢🚀🔋🏬 @FReddych]

loans to the extent they exceed the original basis of the asset they are secured against should absolutely be treated as recognized capital gain. when you sell it, then you only pay capital gain on any remaining equity left (since you already paid cap gains on the loan proceeds).

[FReddych 🧢🚀🔋🏬 @FReddych]

Got any more of them $EOSE PRs?

[FReddych 🧢🚀🔋🏬 @FReddych]

@SpookieMusk @cturnbull1968 @RubenGallego Shhh that’s next.

[FReddych 🧢🚀🔋🏬 @FReddych]

its a combination of two things (i) rates increasing by 100% in the last 5-10 years and (ii) increased leverage through a "non equity partner" class. you can hardly say that law firms are exploiting these (mostly younger) partners, as they are still making high 6 to low 7 figures, but equity partnership is far out of reach for most.

[FReddych 🧢🚀🔋🏬 @FReddych]

@OutofSpecDetail 4 doors - they need to make an EV Cullinan - and license FSD. i'd buy that.

[FReddych 🧢🚀🔋🏬 @FReddych]

@CaseyMericle thats not a bad position to have, but again, not solved by asking seller to put up an EMD.

[FReddych 🧢🚀🔋🏬 @FReddych]

your problem is not the asymmetry of risk as between seller and buyer. its the unwillingness to enforce remedies under your PSA. when a buyer defaults, the seller sends a letter to the title co and the EMD is delivered to the seller or, if the buyer objects, the EMD is stuck until some resolution.

You can do the same thing to the seller if the seller defaults on the sale. you can file a law suit and lis pendens on the seller's property clouding title and preventing the seller from selling to anyone else.

The problem you have is not the lack of any remedy because sellers don't put up EMD. the problem you have is that you aren't willing to enforce your remedies. asking for seller EMD (which - setting aside how out-of-market that ask is - is silly because it doesn't solve anything), doesn't even solve the problem you think you have. without filing a lawsuit, you cant get that EMD from the title company anyway.

[FReddych 🧢🚀🔋🏬 @FReddych]

@CaseyMericle don't you run into the same thing when you make seller put up an EMD? its not like the title co will hand it over to you without a lawsuit.

also you can fix this with an attorney fees to prevailing party provision.

[FReddych 🧢🚀🔋🏬 @FReddych]

@CaseyMericle did your PSA give you the right to sue for damages on seller default? that is a fairly standard provision.