Nifty Fifty Capital

Recovering value investor. I have an unhealthy attraction to sum of the parts stock pitches.

[Nifty Fifty Capital @RealNiftyFifty]

@kristinnsms FYI, Direct File has been suspended indefinitely and is not an available option for future years, although it is always possible a future administration brings it back. I agree that a lot of bad news is already baked in the current share price.

https://t.co/3p1GU4uFm9

[Nifty Fifty Capital @RealNiftyFifty]

@PittsburgWizard @asymmetricinfo Except the difference is that Massachusetts has a flat 5% tax under $1 million too, so everyone pays something. The message a broad based income tax where everyone pays something (even if the rich pay more over $1m) vs a tax that affects only 25,000 taxpayers is quite different.

[Nifty Fifty Capital @RealNiftyFifty]

@mattyglesias I don't know if it's that relevant of an indicator. Retail was more bullish during the COVID crash than institutions and hedge funds as well, sometimes retail can be right although I personally think we keep going down from here.

[Jdab @JDabz87]

Sometimes I randomly think about just how insane this lineup truly was. Prime Cano batting 7th lmaoo.. What a time 🥶

[Nifty Fifty Capital @RealNiftyFifty]

@mikesimonsen Thanks for posting this information. Always interesting to see so much useful data in effectively real time.

[Nifty Fifty Capital @RealNiftyFifty]

@TidefallCapital @StockTalk416 Yeah, OER lags so much that if it was replaced by something that actually measured current rent growth, we would be under 4% now.

[Nifty Fifty Capital @RealNiftyFifty]

@ecommerceshares Bing used to be default search on iOS and I believe it averages less than 5% of mobile search share during those years.

Do they really want to Apple Maps 2.0 to their user experience when they can pocket a $15B a year for doing nothing?

[Nifty Fifty Capital @RealNiftyFifty]

@moseskagan @callicrates_ It is, but it ignores the additional compliance cost to taxpayers since even successful audits of corporations and partnerships are time consuming and expensive to defend. Could easily have the net cost as negative overall with folks spending time responding to doc requests.

[Nifty Fifty Capital @RealNiftyFifty]

@vinipux313 @StojBoj @blind_nut Right, doing something like this as the sole breadwinner vs your wife's income likely puts you in the top 1% of HHI is a different perspective.

I have a friend at a non-profit that tells people to follow their dreams, which is easy to do if your spouse is a partner at Wachtell.

[Nifty Fifty Capital @RealNiftyFifty]

@Noahpinion I think we can argue semantics on what's a subsidy, but you also have capital gain exclusion up to $500k, GSEs offering low rates, FHA/VA loans, homestead exemptions at the state level, for tax wonks you don't impute rental income as an owner, sometimes deductible prop. tax etc..

[Nifty Fifty Capital @RealNiftyFifty]

@John_Hempton @Noahpinion I don't disagree, but that's a bit like saying "not every POTUS is bad, just look at George Washington."

Not the best example if you have to go back to the 18th century.

[Nifty Fifty Capital @RealNiftyFifty]

@ValueStockGeek @Molson_Hart It still surprises me when we get a death certificate for trust & estate reasons for some of the older folks which lists the decedent's education and the old timers have the high school/GED box or in rate cases, even below that checked off. Sure, some of it is degree inflation.

[Nifty Fifty Capital @RealNiftyFifty]

@seanschuerman @schmangee And she still won 75% to 18%. She's not at risk.

[Nifty Fifty Capital @RealNiftyFifty]

@SardonicCanuck @StockTalk416 @TidefallCapital @MetaNewsroom Shareholder base skews towards GARP folks that see money being lit on fire, but the tech is exciting and if Tesla was doing it IMHO there would be drooling.

I think it's likely a boondoggle, but the price more than reflects that today anyway and I could be (happily) wrong.

[Nifty Fifty Capital @RealNiftyFifty]

@vannapalooza @StockTalk416 @LeveragedLayman Ah, must be the difference in Canada vs the US. Down here sold means closed, but usually takes around 30-45 days so I was thinking 10 days was a really quick closing here, but it sounds like sold means basically "pending" or "under contract"?

[Nifty Fifty Capital @RealNiftyFifty]

@Lizquidity For a good gaming laptop, I would say this is the best deal right now, it's a upper-mid tier laptop that will play pretty much anything today on good settings and should last a while:

https://t.co/4j7B5uwxIP

It's available for about the same price on Amazon as well.

[Nifty Fifty Capital @RealNiftyFifty]

@vannapalooza @StockTalk416 @LeveragedLayman Looks like it closed 2 days ago.

[Nifty Fifty Capital @RealNiftyFifty]

@FairweatherPhD Right, that's where I think age comes in. If you are young enough then long-term the stock market should do better in theory, but if someone was 50+, IMHO would be better to just pay cash and treat it as a better yielding de facto bond allocation.

[Nifty Fifty Capital @RealNiftyFifty]

@FairweatherPhD It's a close call though and pretty conservative, if this was last year and we were looking at sub 3% rates, then it's an easy decision to put it in the stock market. I would say ~5% is the tipping point for me personally even if it's very likely suboptimal.

[Nifty Fifty Capital @RealNiftyFifty]

@FairweatherPhD Think this depends on personal factors like your age, percent of the house as your total NW, etc...but I would pay cash because a risk-free after tax 5% or so (assuming that's the mortgage rate today) sounds pretty good if you already have a fair bit in equities.