NeilStrikes

Former USN 🇺🇸 & Business Owner turned Options & Futures Trader | Risk Management 🔑 • Kinfo verified

[NeilStrikes @NeilStrikes]

Forget being right. Protect capital, size correctly, manage risk, stay consistent. That’s the entire game.

[NeilStrikes @NeilStrikes]

@MisplacedPrior1 @AdamParkhomenko We don’t think of you at all

[NeilStrikes @NeilStrikes]

@garyblack00 ceteris paribus is an oxymoron when talking about the markets. Nihil videtur recte

[NeilStrikes @NeilStrikes]

@SteveOnSpeed I guess a dollar over these levels

[NeilStrikes @NeilStrikes]

Looks like we have a market SPCX @Gfilche @svgefck

[NeilStrikes @NeilStrikes]

@WealthMechanic1 Absolutely. I still have friends 25 yrs later that never bought! It's crazy. $0 down VA loan or 3.5% FHA. I couldn't think more differently financially than the just rent crowd.

[NeilStrikes @NeilStrikes]

The employees will be locked for 6-12months. This is a liquidity event for Class A holders (the already wealthy). Many of the employees will look rich on paper. My advice to them (because I have been there), treat that as if it is not real until you are actually able to sell. If anything, buy puts to hedge once those are available.

[NeilStrikes @NeilStrikes]

@kevintabuquilde rarely trade in there. thats the long term bucket.

[NeilStrikes @NeilStrikes]

Ha…I don’t think anyone would call me frugal. Which is probably why I like hiding funds for a rainy day in separate investment buckets. I think it’s a healthy paranoia.

Regarding taxes this helps to take a little off the top brackets. I don’t think I can do Roth but I have discussed a back door conversion in lower income years.

[NeilStrikes @NeilStrikes]

@RMillar @Tekeee Technically not really a (permanent) deduction as it’s tax-deferred. We will pay it someday and that’s fine.

[NeilStrikes @NeilStrikes]

@KobeissiLetter Come on this is a little ridiculous the futures open for 20min and a 15 point move is worthy of the BREAKING plus the “zoomed in chart” trick? Clicky click bait noise.

[NeilStrikes @NeilStrikes]

Yeah that housing bust happened to fast. We had a condo in San Diego they were selling for around $450k in 2006. Within about a year they were $180k. It was like every listing was $30k and banks weren’t lending. Eventually stopped going lower when the state stepped in and started offering tax credits to motivate people to buy again.

[NeilStrikes @NeilStrikes]

@Tradr_G @67Dodge Few 👍

[NeilStrikes @NeilStrikes]

@garyblack00 Regarding 1)

Why not do both? There is a limited TAM in the tight fitting stuff. Not all woman want to be so revealing, certainly not outside of the gym. The loose fitting styles are current trend and TAM expansion. That’s the idea anyway.

[NeilStrikes @NeilStrikes]

If comparing use actual cash outlay. Most people put down 5% or less on that first home. ($0 for VA)

I’d rather put the small down payment on a house and invest the rest in the market.

Again, I’m about both assets. Stocks and RE. What I am not about is renting for those that can afford to own and plan on staying in a city for awhile.

This is not a diss of renters. There are times when that is a great option. But it’s unwise as a long term preference.

[NeilStrikes @NeilStrikes]

There are no 🏠 between me and the beach and will never be unless they scrape the PCH and build apartments.

I agree with you for some areas of the country. Take Vegas…crazy to me to see all those cookie cutter neighborhoods that just keep growing. Seemingly unlimited land.

I would never declare home prices will go up forever and are risk free. But historically they have gone up, making the renting vs owning not even remotely comparable in my area.

[NeilStrikes @NeilStrikes]

@Forgione25 @Kingsarmy777 @whitey_xyz That would be a less than ideal return over 20yrs. Historically we see +4.1% per year in the OC for past 40yrs or so. Much hotter recently.

[NeilStrikes @NeilStrikes]

@paxtrader777 No, as I was taking off a few losers but I’d like to add if we get another sell off and if we get 500 points total I’ll go max size.

[NeilStrikes @NeilStrikes]

@Kingsarmy777 @Forgione25 @whitey_xyz Where do you think the money comes from for the maintenance on my rental properties? 🤔

[NeilStrikes @NeilStrikes]

Right. So just stay scared forever and don’t take risks in life? That is one way to live.

I’m not saying yolo your life’s savings into a shitty asset. I am comparing the benefits of buying a home vs being a perpetual renter.

The arguments are silly and are just fuel for bias from people that can’t/won’t take any financial risk.

These risk averse renters are going to really have a hard time being a stock market investor.

No one is claiming home prices will go up forever. Yet history shows they kinda have.