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Apr 20, 2023 | 02:11 PM

#1726

1111GS

CL Community Team

Joined: Oct 2011

Posts: 3,425

Likes: 201

From: US

Quote:

Originally Posted by AMIRZA786

No spare cash to sit on, unfortunately

You should always have about 1/3 worth of cash in your accounts ready. I wonder if it was down to the earning or the spaceX explosion. Either way, I think I can risk a little.

Apr 20, 2023 | 02:19 PM

#1727

AMIRZA786

Lexus Champion

Joined: Oct 2019

Posts: 19,774

Likes: 3,781

From: California

Quote:

Originally Posted by 1111GS

You should always have about 1/3 worth of cash in your accounts ready. I wonder if it was down to the earning or the spaceX explosion. Either way, I think I can risk a little.

I have some cash in a savings account, but that's for emergencies and therefore not for investing

Apr 20, 2023 | 02:28 PM

#1728

LeX2K

Lexus Fanatic

Joined: Sep 2010

Posts: 26,076

Likes: 4,337

From: Alberta

Buy on margin!!! Free money! can't lose!!!

Apr 20, 2023 | 02:36 PM

#1729

AMIRZA786

Lexus Champion

Joined: Oct 2019

Posts: 19,774

Likes: 3,781

From: California

Quote:

Originally Posted by LeX2K

Buy on margin!!! Free money! can't lose!!!

Umm...yeah. No thanks

Apr 20, 2023 | 02:38 PM

#1730

Longevite1

Intermediate

Joined: Apr 2017

Posts: 414

Likes: 75

From: TX

Quote:

Originally Posted by AMIRZA786

Oh yeah, forgot to mention that

. My daughter who just bought a Bolt (which qualifies for the tax credit) probably won't get it because she doesn't make enough money therefore doesn't have enough tax liability

Can she roll over for the year after?
(I'm really bad at this)

Apr 20, 2023 | 02:38 PM

#1731

LeX2K

Lexus Fanatic

Joined: Sep 2010

Posts: 26,076

Likes: 4,337

From: Alberta

Quote:

Originally Posted by AMIRZA786

Umm...yeah. No thanks

You've never been tempted? My trading platform will loan me a silly amount of money just like that.

Apr 20, 2023 | 02:41 PM

#1732

AMIRZA786

Lexus Champion

Joined: Oct 2019

Posts: 19,774

Likes: 3,781

From: California

Quote:

Originally Posted by Longevite1

Can she roll over for the year after?
(I'm really bad at this)

We would have to consult a tax expert. Maybe @patgilm can answer that question?

Apr 20, 2023 | 02:46 PM

#1733

AMIRZA786

Lexus Champion

Joined: Oct 2019

Posts: 19,774

Likes: 3,781

From: California

Quote:

Originally Posted by LeX2K

You've never been tempted? My trading platform will loan me a silly amount of money just like that.

No, margin trading is for someone who knows what they are doing. I'm not that someone

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Apr 20, 2023 | 03:39 PM

#1734

ST430

Pole Position

Joined: Jul 2001

Posts: 2,376

Likes: 219

From: Silicon Valley

I've never heard of that and that's a bad thing to do to have your net worth decline so much due to inflation...

Quote:

Originally Posted by 1111GS

You should always have about 1/3 worth of cash in your accounts ready. I wonder if it was down to the earning or the spaceX explosion. Either way, I think I can risk a little.

Apr 20, 2023 | 03:41 PM

#1735

AMIRZA786

Lexus Champion

Joined: Oct 2019

Posts: 19,774

Likes: 3,781

From: California

“The best service is no service:” How Tesla’s business model will change the car industry

https://thedriven.io/2023/04/20/the-...-car-industry/

Apr 20, 2023 | 03:42 PM

#1736

703

Lead Lap

Joined: Aug 2001

Posts: 4,540

Likes: 936

Quote:

Originally Posted by RXSF

^^ Youre right, that was quite enjoyable.

Im adopting his style of questioning at work too, when someone is full of it, you just need to ask a few simple questions and then let it unfold !

Apr 20, 2023 | 03:50 PM

#1737

AMIRZA786

Lexus Champion

Joined: Oct 2019

Posts: 19,774

Likes: 3,781

From: California

Quote:

Originally Posted by ST430

I've never heard of that and that's a bad thing to do to have your net worth decline so much due to inflation...

Most of my money is either in my home or investments. I keep a small amount of emergency cash in savings, so I agree with you, 1/3 is lot of money that is either collecting a very pitiful amount of interest or none at all. Of course with the markets the way they are right now, my portfolio is looking a little "down" these days

Apr 20, 2023 | 04:32 PM

#1738

LeX2K

Lexus Fanatic

Joined: Sep 2010

Posts: 26,076

Likes: 4,337

From: Alberta

Quote:

Originally Posted by AMIRZA786

https://thedriven.io/2023/04/20/the-...-car-industry/

This is why certain auto makers are so resistant to electric vehicles their cash cow service and parts business is all but gone.

Apr 20, 2023 | 05:33 PM

#1739

bitkahuna

CL Community Team

iTrader: (20)

Joined: Feb 2001

Posts: 80,903

Likes: 4,045

Quote:

Originally Posted by 1111GS

You should always have about 1/3 worth of cash in your accounts ready.

no idea where you got this pearl of wisdom from. now i have heard of having at least 3 months of living expenses in liquid form just in case.
most people sadly couldn't get far beyond one missed paycheck.

Apr 20, 2023 | 10:13 PM

#1740

patgilm

Lexus Test Driver

Joined: Jan 2003

Posts: 5,023

Likes: 530

From: Maryland

Quote:

Originally Posted by AMIRZA786

We would have to consult a tax expert. Maybe @patgilm can answer that question?

No tax expert here, only large corporate accounting. Sorry, can’t help you there.