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Recent content by Agent X

  1. Agent X

    What kind of mattress do you own?

    OFF-TOPIC 
    My wife's uncle has serious back pain from a ATV accident from years ago. Him and his wife ended up getting rid of their mattress/bed entirely and sleep on the floor now and he says it helps a lot. Their kids sleep on the floor a lot too. I actually think one of the kids doesn't even have a bed...
  2. Agent X

    Can this thread save your life, and perhaps countless others? Yes.

    GOLD! HOT! MINDSET 
    Good point. Best to not use that. What about using the anology of rogue waves or shipwrecks since so many people in the past put so much hope into a ship making it to its destination. It's where the term of "having my ship come in" meaning that you have made it rich. But you are thinking of...
  3. Agent X

    Can this thread save your life, and perhaps countless others? Yes.

    GOLD! HOT! MINDSET 
    Personal Black Swans Tales of Self-Destruction and Strategies to Avoid Ruin
  4. Agent X

    Groundhog Day / Almost 2 years to flatten the curve

    OFF-TOPIC 
    Hey all, Regardless of politics or how you feel about vaccinations, I feel like I chose the best day to get a COVID booster shot (today/Groundhog day) because I feel like it captures exactly how everyone feels about the situation. Does anyone else feel like we keep repeating the same day/year...
  5. Agent X

    Why do ppl think the market will crash >60%?

    INVESTING 
    Fed manipulation. Current federal policy. Malinvestment. Unsound money. Expect more often, worse, and longer-term crashes with MMT.
  6. Agent X

    Am I sitting on a goldmine?

    Good fresh fruit is hard to get where I live and it fetches a fine premium over the regular market prices. Fruit in the US is generally terrible in the grocery stores since the fruit is bred to transport long distances and still look nice, so they sacrifice on the taste. My father-in-law has an...
  7. Agent X

    University books on Finance and Marketing

    MARKETING 
    If you want a job as an investment banker or in a hedge fund, then studying the CFA Institute materials would be the way to go, but they can be pretty pricy (and you would want to pass their exams). Otherwise, it's best to learn from actual practitioners. Check out what Warren Buffet, Charlie...
  8. Agent X

    Millionaire Fast Lane Chapter: Tax question

    TAXES | REGS 
    It's to account for income taxes since you can only pay for your other expenses after income tax. 40% is used in the book as an estimate based on the higher tax rate in the united states. Obviously that rate may change and your situation may be different based on the tax code where you live...
  9. Agent X

    My 28 year old cousin asked for a life decision

    All great advice from everyone, especially @Kak @thechosen1 and @WillHurtDontCare . Definitely give your cousin the second option of the entrepreneurial route instead of working full time. My deciding factor would be how he uses that extra four hours everyday that he is only working part...
  10. Agent X

    Would you go to Harvard Business School For Free?

    HOT! MINDSET 
    Like others have said, the main value of elite schools is the networking and connections. They are more selective and more expensive, so they will select for smart, and well-connected students (with wealthier parents to donate to the endowment fund). But like @Fox and @Jon L mentioned that...
  11. Agent X

    The New US Tax Plan and Your New 50% Biz Partner (the US Gov)

    HOT! OFF-TOPIC 
    I was already thinking of potentially moving to a lower tax state just in general before. I thinking of moving once I'm ready to begin operating as a business. But this potential tax increase makes it even worse. I live in a middle tax burden state, but now Puerto Rico or USVI are sounding...
  12. Agent X

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    That is true. Just pointing out the rapid increase, since gas prices affect a lot of other prices. Also, it is close to the 5 year high mark that it was around in 2018 and 2019.
  13. Agent X

    Hyperinflation starting? What's happening in your area? Post your ground reports.

    HOT! INVESTING 
    I live close to SLC. Real estate here has more than doubled in the past 2-3 years. It's crazy with houses going under contract in one day with multiple offers. SFRs in Salt Lake Valley are now more than $500k. Lots of people are moving here from larger cities, mostly from the coasts. Food is up...
  14. Agent X

    My Path to Trading Business

    HOT! INVESTING 
    True, if you are going to invest in dividend companies, they should have solid balance sheets with good growth and growing free cash flow. Don't get enticed by large dividend yields, because those businesses could be declining or failing. And yes, you would be worse off tax wise to dividend a...
  15. Agent X

    My Path to Trading Business

    HOT! INVESTING 
    No need to argue over different investing styles and risk tolerances. Martzee's investment strategy is to generate income and the dividends are just part of that. In fact, the dividends help make the company's price more stable, which helps this strategy more. Those dividend paying stocks are...
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