Collapse Coming?

[Daniel Cary]

It appears to me that everything is volatile right now

& the stock market is always just speculation

 

[Doug3006]

I agree with nearly all of what you said. This has been in the works for a while and right now there is a flock of Black Swans circling. Frankly, I’m a little surprised it has taken as long as it has. The market seems to have largely ignored eroding fundamentals for a while. It was telling that Berkshire Hathaway sold off their Bank of America holdings and 40% of their Apple holdings. I heard that Berkshire is now sitting on $277,000,000,000.00 in cash. That tells you where they think it’s wise to be right now. They’re hugely liquid and expect big opportunities in the future, they also think risk is high right now.

With the current administration, we find ourselves in perhaps the most dangerous geopolitical situation Since World War Two, and probably more so due to nuclear weapons in the hands of nations such as Iran and North Korea. There is potential for events to rapidly spiral out of control with the inept leadership in DC. Now is not a time to rush into things, but rather to stay liquid and be patient.

Berkshire’s sale of Apple makes sense, for two reasons. First, they’re overvalued given their P/E ratios. When Buffet bought into Apple their P/E was something like 12X. Now it’s 33X. The other reason is the corporate tax rate is 21%. That’s down from 52% in the 1960s. Berkshire knows that the corporate rate will eventually be raised, no matter who wins the next election. Deficit spending can’t keep growing. Spending cuts are unlikely. So sell high and pay lower taxes. Smart.

 

[Datchew]

True. Current tax laws end in 2025.
Current status = $35T in debt.

Better work those back door roth conversions "bigly" for next 2 cycles because rate brackets are gonna go up up up!

 

[Altitude sickness]

Since the Left is so fond of no boundaries regarding male and female.

Here is a one time tax loophole to escape the estate and death tax.

Marry your son.

Spouses get all property, tax free.
Incest laws are for breeding purposes.

Use their insanity against them to keep your wealth.

I’m here all week for your tax questions

 

[Doug Hamilton]

What is HIBS?

I'm glad you asked that. I had no idea either.

 

[Safari Dave]

Since the Left is so fond of no boundaries regarding male and female.

Here is a one time tax loophole to escape the estate and death tax.

Marry your son.

Spouses get all property, tax free.
Incest laws are for breeding purposes.

Use their insanity against them to keep your wealth.

I’m here all week for your tax questions

That is very sick, but probably a good investment strategy.

Terrible, but true.

 

[Racer00]

I hope Altitude’s tax advice doesn’t require consumation!!

 

[Doubleplay]

Not wishing to sound like a war profiteer, but defense stocks, ok maybe not Boeing, hold rather well in this environment.

Boeing with the new CEO will be at least %40 higher this time next year. Mark my words. It’s way oversold.

 

[B0MBOY]

Just hold onto cash to be ready to buy the dip.

 

[Datchew]

Boeing with the new CEO will be at least %40 higher this time next year. Mark my words. It’s way oversold.

Agreed. Boeing is not confidence inspiring but it's still a big juggernaut with a semi-captive market.

I bought some on the news they're swapping seats and rode it down. Will buy a little more and sit on it for about 6 months.

The thing I hate about Boeing stock is it does not behave in any way shape or form like a typical equity. It's like a retarded black box as far as inputs/outputs.

 

[Altitude sickness]

The next sudden correction could be when they sentence Trump in New York

Which could trigger unrest. That could rattle the market

Might wanna hang onto your wigs during that period.

 

[franzfmdavis]

I hope Altitude’s tax advice doesn’t require consumation!!

If consummation is not possible, then it becomes a “voidable” marriage in most jurisdictions

 

[frankmissing]

Twitter/X is blowing up over Japan’s stock market collapse, Dow Jones futures showing signs of the same tomorrow (August 5th), unrest in England, and an anticipated strike on Israel by Iran.

It’s about to get spicy and nobody’s at the wheel it seems.

No one is immune from black swans! The main thing here is to properly organize your capital! The same old Buffett sold most of his Apple shares! This makes you think about many things!

 

[Hogpatrol]

It's just one bubble after another, dot.com, real estate crash and now the AI chip and Bitcoin bubble. At some point, they'll both pop. Almost eight decades on this rock, one thing's for certain. Every generation has to learn the hard way.

 

[Altitude sickness]

If consummation is not possible, then it becomes a “voidable” marriage in most jurisdictions

If one of the two married people feel they have been defrauded by the other.
They can sue the other.

It is not a law anywhere that consummation. must occur.

It falls under fraud from one partner in a contract.

It would not be an issue if you married to avoid millions in estate taxes.

Say a farmer having to sell half of their land to pay the death tax.

This would be very useful in combating the Europe death tax

Use their ridiculousness, they have created. against their excessive taxation

 

[Doug3006]

It's just one bubble after another, dot.com, real estate crash and now the AI chip and Bitcoin bubble. At some point, they'll both pop. Almost eight decades on this rock, one thing's for certain. Every generation has to learn the hard

One thing’s for sure, the American economy (sometimes called market) has generated a lot of wealth over the last 100 years. The corrections have offered tremendous opportunity to make money.