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  1. T

    Why is P/E ratio of a new private company lesser as compared to public company ?

    It depends. This should be discussed between the buyer and seller and have an impact on the sales price. In my experience, small businesses will often want to withdraw their equity before the sale, especially if it is a pass-through entity and they've already paid tax on it. The sales...
  2. T

    Anyone read "How I Found Freedom in an Unfree World"?

    It is an excellent book. One of the first books I read after college that made me start to question the 'script'. His ideas about freedom make many people uncomfortable. If your wife cheating on you would destroy your life, are you truly free right now? Essentially, your expectations about...
  3. T

    Has Amazon become a monopoly?

    HOT! 
    You guys talking about laissez-faire economics don't know what you are talking about. Nothing about amazon's rise to monopoly power has been "laissez-faire". If there is one thing amazon has done well, it's use the government for their benefit. Amazon's shipping costs are subsidized by...
  4. T

    Big Opportunities in Alternatives to Big-Tech

    HOT! 
    Few things bother me more than tech monopolies in Seattle and San Fransicko lecturing us about tolerance, inclusion and diversity, while they actively censor, ban, and financially ruin any one who actually has a diverse opinion. It is pure hypocrisy. Facebook and Google have self-appointed...
  5. T

    Entrepreneurship and environnement

    I use to work in the timber industry. I can assure you that the company I worked for did a better job of managing the long-term growth and sustainability of timber than any governmental or non-profit conservatory group. Ten trees were planted for every one cut. Why? We wanted to make a profit...
  6. T

    Do you have health insurance?

    HOT! MINDSET 
    I'm surprised by the pro health insurance comments on here. Sure if you have a family it makes sense, but as a younger single guy? Have any of you ever been in a major accident or had a chronic life threatening disease? In the US, if this happens to you, there's a high likelihood you'll be...
  7. T

    Do you have health insurance?

    HOT! MINDSET 
    The IRS has caught on to this. Last tax year people were just not answering the question about health insurance and leaving it blank. In response, the IRS has released a statement that they will no longer process tax returns that do not answer the "did you have minimum coverage" question. So in...
  8. T

    Do you have health insurance?

    HOT! MINDSET 
    For tax year 2018, the wonderful Obamacare individual mandate is still in full effect. There is a penalty for not having health insurance. The penalty is repealed beginning in the 2019 tax year.
  9. T

    I feel tied to (and stuck with) FBA as my first venture

    Let's do the math. Scenario 1: You currently have $18,000 in Crypto. Let's say the crypto currency insanity continues and it quadruples in the next year. That would be really great. You time everything perfectly and are a trading genius. Now you have $72,000 and cash out. Can you live off...
  10. T

    Professional Services: Fastlane Enough?

    One of the major problems with professional services is exiting. You can work really hard, build up a great firm, and then what? Cash out at a really terrible multiple. In my industry, most firms sell at about 100% of annual revenue. There is too much risk for the buyer that once you leave, so...
  11. T

    What does this new tax bill mean for us Americans?

    TAXES | REGS 
    The politicians and media saying the middle class will pay more because of this tax bill are lying to you. The internal revenue code is insanely complicated. The bill just passed and it is hundred of pages. Do you think the pundits at CNN actually know what they are talking about? The...
  12. T

    The coming recession

    INVESTING HOT! 
    What parts of our economy are the bubble right now? I consider a bubble to be a large discrepancy between price and value: Student loan debt. Pay $100,000 for a degree that is worth $20,000 The stock market. Pay $35 per share for $1 of earnings. Look at the S&P P/E ratio. It is at one of its...
  13. T

    An "Attracting Women" Video Course

    HOT! 
    Supply and demand. We are entrepreneurs here right? We apply the laws of supply and demand to our businesses, but then fail to do so in other aspects of life. Let's say you are a man who lives in a city where the average man is 6'2", athletic, good looking, and makes $250,000 a year. How do...
  14. T

    Just moved: Register my LLC with California?

    Just to add some clarity, if you do business in CA you are required to register to do business in CA, whether or not you are a resident of the state. Technically, if you are sitting on your laptop drinking a coffee and 'managing' your business while you are in CA, that constitutes CA business...
  15. T

    Best Strategy For Naming a Business?

    Booty sweat
  16. T

    Do you work for your 401k or does your 401k work for you?

    Self-directed 401Ks definitely offer some advantages, but the sentiment that you can open the self-directed 401K and you are good to go investing in just about whatever you want is not the reality. It is not that simple. If your retirement account is engaged in what the IRS deems a "prohibited...
  17. T

    The $170BN CRYPTO Industry

    CRYPTO INVESTING 
    Amazon is projected to make $30 EPS in 2020? That's three years away, I'm sure nothing will change in three years. And even if Amazon does have earnings of $30 per share, its current price is over a thousand bucks per share. So you're investing a thousand bucks for a projected return of $30 per...
  18. T

    The $170BN CRYPTO Industry

    CRYPTO INVESTING 
    I don't think many people are investing in Bitcoin. I think lots of people are speculating on Bitcoin. 99% of Bitcoin transactions are one speculator buying from another speculator. Bitcoin is suppose to be a currency right? How many people are actually using it as a currency to exchange goods...
  19. T

    Career vs Fastlane Advice..maybe both?

    I'm a CPA. I don't know what you should do, but it terms of the accounting/finance job let me give you some info. If you're straight out of college and going into an entry level position, you will be doing pure "grunt-work" for a few years. This is especially true if you're working for a larger...
  20. T

    City living vs suburbs. Which inspires you?

    OFF-TOPIC 
    Honestly I don't think we evolved to live in cities or suburbs. Sometimes I get the impression that most mental illnesses could be solved by people moving out to the countryside and getting out of the noise and pollution and groupthink. One of the things that has shocked me is the growth of...
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