Seeing wealth inequality grow makes me question my role. Am I helping create a fairer system, or just profiting from it at the expense of others?

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Posting as :
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Every win is someone else’s loss.

smartfunny

Umm... Are you trying to claim this is a general truth or would you like to limit it to something more specific?

its not your job to create a fairer system- its the gov’t’s role to facilitate the economy and create policies that mitigate the growth of inequality inherent in a capitalist society

If you are options trading, the only wealth being stolen are from people who have money already.

How does stocks harm the poor? If anything investing is deflationary as it keeps money out of the system. Less money in the system means everyone's cash is worth more.

Related Posts

Has anyone ever heard of this type of real estate private equity fund structure:

-One LLC, so only one PPM
-Multiple investors that can be onboarded anytime
-Multiple investments that investors can determine whether or not they want to invest in
-One K-1 per investor based on their investments and income
-Ability for the Sponsor/Fund to invest directly, indirectly and in equity, debt, Pref, etc.
To me this seems extremely cumbersome and would require multiple classes of (cont’d)

Buying our first home and from a friend, we are both not using realtor. How do you got about doing this, does some have a playbook I can use?

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I have an idea for an investment-type thing but am trying to figure out what price point would be attractive to your “everyday” affluent but not 1%er family (I’m talking the 3%ers like myself). If you fit that demographic and were offered a solid investment opportunity with a guaranteed annual yield of 8% and an appreciation of the underlying asset of at 3%, how much would you be willing to invest in it without stressing too much? 10k? 25k? To be clear, not seeking investors here.

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[Help]

I started trading during Covid crash. Started with equities and eventually moved to options. Earlier lost a month's salary and then lot more trying to recover it. Currently have lost my yearly salary worth and it's affecting all aspects of my life (job, marriage, health). I have tried to convince myself to consider it a loss but always get back trying to recover it.

Any advice how to deal with it. Thanks.

likesmart

Why do people accrue prepaid expenses?

Anyone using Edward Jones? Feel like we did a mistake and rolled over all my husbands retirement accounts from different employers and our kids 529 under them Jan 2020. Since then market is down and accounts lost20%. But the fees every month is pretty high around $200. I am worried to move it to fidelity or some other place and manage myself(not very confident), then I have to sell all of the Edward Jones managed funds and buy new. sell low buy low makes sense but don’t want to loose anymore.

likefunny

My monthly salary is around $6.4k after-tax. Living in NYC. Do you think it’s reasonable that I pay:
- about $1.5k on rent
- about $500 on utilities and subscriptions
- about $900 on student loan
- about $2k on food and etc.
My saving goals is around $3k so been trying to adjust my monthly spending.

likefunny

For EESP - which is better share withholding or payroll withholding? Thoughts?

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I’m loyal to delta, but I’m moving to a city where American is the main hub and Delta has practically no non-stop flights to/from there. It’s time for me to open a new credit card, so I was considering the Citi/American one. Any thoughts?

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When settling with a title company plaintiff on a subrogation claim, have any foreclosure defense counsel received settlements over and above policy limits? What is your typical settlement range? How has settling on your subrogation claim negatively affected your counterclaims against the mortgage lender if at all?

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I am brand new to the process and keep hearing conflicting reports. Should I be waiting out the market? Or is this the perfect time to buy if you can? I don't trust all these realty sites telling me I should buy now.

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Bittrex or Binance? Or another? Is it possible to convert Litecoin to Alt coins on Binance?

Hey All,
I am going to get married in September.
My office is in Yemlur and my fiance's office is at EPIP zone. Which is the best place to live and which platform to look after the house
Budget - 25k
Kindly help out

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Looking for good books on investing. Open to anything- real estate, stock market, etc. please leave any suggestions on what to read and anything to avoid - thanks fishes!!

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Fishes! what are the best grounds to dispute my property tax valuation? What support should I have?

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When do you predict the dip? I've been waiting for so long, but don't want to buy now. VTI seems inflated.

likefunny

Significant other and I crossed the combined $1M net worth mark this quarter! Mostly in RE and 401k so we will not be FIRE-ing but still excited to be in the 7fig club.

Sorry, need someplace to celebrate and you guys are awesome.

likeuplifting

Question about what to do next. I’ve maxed out everything—401k, HSA, IRA, backdoor Roth 401k. My bills are all paid. I’ll probably make about 16,500 more this year to do stuff with (ie money that isn’t going to taxes or insurance or anything). What should I do with it? Crypto? Set it on fire? Get a hair transplant?

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Have 50k in brokerage to put towards buying a place in Atlanta. Young 20 something who's lease is ending soon

Roth IRA and 401k are well funded but don't want to pull from there.

Should I buy and rent the extra bedrooms to friends, or stay renting and put savings in stock market?

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What's the quickest way to market a property for rent other than listing it on MLS and all the websites? Should I list on Craigslist and marketplace too? Anything else I can do?

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Are tears considered business casual or not really?

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Hi, I'll be joining Wipro 28th September. Any idea when I'll get hike? 2023 or 2024?

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Best place for holiday office parties?

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I have an experience of 11 years and getting an Offer from Flipkart as Operations Manager at Level 9. They are offering a jump of 40% to make it 28 LPA.

Is the exp vis a vis Grade Ok ?
Is the CTC ok or can i ask more ?

I am joining from Steel Mfg Industry.
Thanks in advance. Any comments are welcome.

I am interning at Amazon. And i wanna know how can i make it to full time offer

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Is Canada visa initiated for anyone in TCS

Is there some specific time when visa will be initiated for Canada

Hi Fisher...

I am looking for job change in technical support.

Please let me know if there is any openings for this.

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Anyone currently enrolled or will be enrolled in the online masters cyber degree at Georgia Tech?

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I just graduated from a nontarget in Dec 2020 & am currently interning at PwC before I go back to do my Masters. My initial plan was to accept my full time offer and slowly work my way into IB.

I see postings right now for FT IB analyst programs. Should I even try applying online?

Ik recruiters don’t really read cover letters, but I learned about banking rlly late into college. i’m the daughter of blue collar workers who don’t speak English so I never really knew what jobs were “prestigious”

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1. Freshworks Inc -
Designation: Software Engineer
CTC: X LPA + 1 JB
WFO/ Hybrid
2. Nagarro -
Designation: Senior engineer
CTC: (X+3.5)LPA fixed +1LPA variable
WFH, is what they have mentioned in offer letter.

Which is better in terms of learning, wlb, tech stack, promotions, hikes and other perks?
Please advise Nagarro, Freshworks Inc

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We need to STOP glamorizing overworking. Please.

The absence of sleep, good diet, exercise, relaxation, and time with friends and family isn’t something to be applauded.

To many people wear their burnout as a badge of honor. It’s time to consider pivoting.

And it needs to change.

likeupliftingsmarthelpful

Is gap affidavit is mandatory to submit at the time of joining in TCS? I have gap of 1.10 years in my education. Is affidavit is mandatory or They can allow me to join?

likehelpful

Hello Fishes, Can anyone tell me which course I can do which is best for experianced person and it should not be any programming knowledge involves into it ? Anyone suggest best course for swithching current job with higher package ?

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Is 150 billable hours per month little/average/a lot?

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T3 firm reached out re: direct admit to the partnership with some runway to grow the practice. I am at a firm now where there aren’t bright line metrics to make PPMD, but think I could make it in 2-5 years. This would be a step down in brand, but might be better from a WLB and getting to start at partner. Haven’t had firm comp talks yet but range was well north of 50% increase in cash comp from current (plus LT equity, draws, etc). Anyone take $ over brand? what are some traps to watch for?

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Recently switched from audit to advisory. Not loving it, want to disconnect and switch careers/take a role outside of accounting. Thinking about putting two weeks in before the break without anything lined up. Thoughts?

likefunny

Hi all - any advice on how to make the transition from BigLaw to IB / PE with circa 8 years experience working as M&A and PE lawyer? Many thx in advance 🙏🏽

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Are there any Business Analyst roles available in Cognizant? I have recently skilled up and want to join at a beginner role, however I am not sure about switching and want to gain some experience with Cognizant only. Currently I am working at Gurgaon location in IOA division.

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New to the US. Currently based in SF, CA. What is the most efficient and cheapest way to gain more CPA credits? Require 30 more credits.

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Additional Posts in Option Traders & Investing

How on earth are you guys getting into these AMD calls for 5/1? The theta is scaring the devil out of me. I almost went with the peer pressure yesterday and then backed out (I am bullish in AMD)

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Hell YEAH!! They JUST approved!!!! Make it rain on Monday!!!

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likesmart

5/28 Thread (General):

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Uh this could get bad fast if this holds through open. Protect your downside if not already.

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3/23 Thread (General):

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Potential opp on the short side for TSLA?
- X

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Can someone explain to me how to setup trailing stop losses in Fidelity? Or does it require me to manually setup limit orders for every stock every day?

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Super risky play: If you have day trades available, I suggest buying 250 3/20 calls at open and selling right around 11:30 when trump speaks. So far every time there is a conference we see a pump.

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Thoughts on WKHS. Massive drop right now.

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8/12 Thread (General):

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Looking for some interesting plays that are not Doge, GME, etc (already in those 😅). Thoughts?

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I’m seeing lots of posts about really bad losses. If you trade you’re going to lose money - hopefully not all the time, but many positions will be mistakes. But you need a process to find ideas and manage positions. Two books you should read are “The New Trading for a Livinng” and “The Laws of Trading.” Both look at psychology, process, and risk in different ways that can help you work out your own process. The next 18 months will be much harder than the last 18 - time to start learning.

likehelpful

What do you guys think about Investing in palantir which IPOs tomm?

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Earnings season is here!

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How do we still feel about GHIV and BFT

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Thoughts on airline stocks? Good time to get in?

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Growth stock ER week

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Love that in true form I chose the 1 red meme stock. 😂💎💎💎

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2/25 Thread (General):

likehelpfulfunny

there are two types of fish in this bowl..

Post Photo
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