Unpopular Opinion: SPAC’s are making the market overvalued and will lead us to another crash like the Dot Com bubble. Ridiculously high valuations, usually investments in unprofitable risky companies, bypassing important SEC regulations, higher incentive for fraud. If there’s fraud case, market is gunna tank imo, and SEC going to come in and increase regulations. Let’s debate if you disagree.

likefunny
Posting as :
works at
You are currently posting as works at

SPACs aren’t in the major indices so they’re not pumping up ‘the market.’

I agree that SPACs are massively speculative and ripe for fraud - see Nikola and potentially Clover. Given the number of companies coming public via SPAC we’re probably going to see more shitcos and scams going forward.

I’ve invested in two SPACs. One has done very well (MP) and the other is IPOE. I think SOFI is a very solid company, but the Chamath halo is a little tarnished at the moment.

I don’t really have plans to go after the 74th EV SPAC or the 23rd charging station one.

like

I agree with VP1. I think you are over estimating the impact of these SPACs on the broader market.

Are valuations high. Yes

"But the fed wont let anything bad happen"

This time its different 🤣

like

Related Posts

Say you have $1mm in cash, is it plausible to put it all in a HYSA and take the monthly interest payments as income at say 3% APY and then quit your job?

Theoretically*

helpful

Has anyone tried halfourdeen for their marriage search? Wondering if it's worth the investment 🤔

like

Please give me 3 goods reason for not buying M340? I would love to get te i40 edrive, however waiting time is 6-8 months…

like

So… if you had to pick all over again which tax line ( international, Transfer pricing, corp, partnership, state or m&a. Etc?) you think is your 1st and 2nd choice?

like

Looks like we’re now back to $100k

like

Hey Guys,

Can anyone please suggest sectors i can rent a 1bhk in and what will be the cost.
Please help me.

like

At what point would it be considered "house poor"? Is it mortgage payment proportional to income? Is there a threshold/guideline I can reference?

like

In present housing mkt, is $300/sq ft for a new construction in Palmera ridge, Leander area too high or expected ?

like

At the risk of being spammy, I wanted to let you know about a trading contest from Hedgeye. Link in the comment to minimize the foot print in the main bowl.

like

Who here has successfully built a side hustle or startup? Who here is successfully creating additional income? Does anyone have resources [books, podcasts, anything] that have helped them?

likeuplifting

I have 3 rentals and one primary, all rentals and primary are single family homes, all have 50% to 60%. in equity, I want to buy another property, this time a triplex or fourplex but I don’t want to refinance to pull cash out, what’s the most effective way to get a loan for a down payment to a another property. All suggestions are appreciated. Thanks!

like

How f*%ked am I?? I’m holding 100 shares of BABA at an average cost of $170? Just when I think it can go lower, it keeps plummeting 🙈🥲

likefunnyhelpful

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

Did my taxes today and owe a whopping $7k just from income. Apparently my wife’s employer didn’t hold enough taxes (my w2 was fine). How can I make sure that doesn’t happen again?

like

Anybody know if high deductible health plans (hdhp) with health savings accounts (hsa) cover Prep? Or should I just go with the more expensive PPO?

Anyone investing in houston? I was thinking of Dallas and Austin initially but price is so high so wondering if there are other texas cities where I could invest in a sfh.

like

Does anyone actually skip owners title insurance? Mine is $2700 on a $550k loan amount not sure if that is high or not but seems very expensive for a small likelihood..

like

Today, I officially have enough money to pay off the entire balance of my student loans. Won’t pull the trigger until SCOTUS issues a decision, but having the ability to do so is such a weight off my shoulders that I had to tell someone.

likeuplifting

I live in a tfc cornerstone apartment which i got on a covid deal a few years ago. My lease ends next march. Is there a max rent increase they can apply? I heard 5% but wasn’t sure

like

Looking to connect with individuals who are on the market for a new home in Austin. Preferably new builds and/or considering buying a lot and building on their own. Resale is okay too! Hit my up in my DMs. Will venmo you for a cup of coffee for ~15-20min of your time.

like

More Posts

Anyone familiar with the tech consulting onboarding process? Joining the team in a few weeks

like

What pronouns do you use at work?

like

How much time does your company/team spend on onboarding/training new team members?

like

Hi Folks, Help me to choose between - Hitachi Vantara: 28 Fixed + 1.5 JB, NICE: 26 Fixed + 2 JB, LTI: 26 Fixed
Hitachi Vantara Nice LT

like

Any Pegasystems fish in here know what the company’s pre-employment drug screening policy is for marijuana?

likefunny

In-House Politics VS. Agency Politics. Discuss.

like
like

Hi guys.. I am looking for referral in Analytics.
I have 1.5 year experience in ZS Associates. I know excel, power point, sql and python.

like

Wedding venues you recommend in NYC/NJ area?

Khatam Tata Bye Bye

Post Photo
likefunny

I have 5 years in insurance sales experience, how can I break into tech industry through customer Success?

like

What do people think of Alpha FMC? Is it a good shop? Is anyone there now that would be willing to chat?

like

Should you make a house purchased before marriage joint or keep it as separate property? Does this answer change if it's a rental vs marital home

like

Dear fishes

Which company is better to join..BofA or Hsbc ?

like
like

Any Referrals for a friend in Business Development/ Non voice and chat process/ Digital Marketing.
YOE: 4years

What’s the best work out of Singapore this year?

funny

Does layoffs happen at McKinsey in India? McKinsey & Company

likefunny

Is anyone else having issues with NYU’s admission gift delivery? Mine was ordered and ‘sent’ in Jan, and I still haven’t received it after raising multiple support tickets with Swagmagic…

like

Additional Posts in Stocks

CRYPTO, STOCKS OR REAL ESTATE?

likefunny

What fueled this rally?

like

With most opting to road trip/drive as vacation alternatives during covid, what stocks do you think would benefit?

like

Anyone jumping into $DGLY Digital Ally?

like

What stock should I buy today??

likehelpful

Thoughts on datadog?

like

What is it about Palantir that gets people so excited? I think they are in a good niche but it doesn’t seem like their tech is necessarily a differentiator. I think that there is a lot of value in both their data and their relationships but I don’t know how they have leverage these. I like the company and like the leadership but am a little bit confused about the valuation. I bought PLTR at $10 and am considering buying more but would like to better understand the story.

like

Bought moderna at 155, dump now or hodl

like

Anyone recently completed Bain’s online assessment? I got invited to complete one therefore I’m looking for some helps & tips.
Appreciate any help & guidance.

like

I have 50k worth of stock in a diversified portfolio with my bank ( beginner here, med-high risk) Ive seen my stocks plunge like everyone else past few months but wondering if I should keep it all? Any of you pulled out some $$ out of their portfolio after Ukraine war?

like

With a 10+ year horizon shouldn’t we be loading up on Chinese stocks? I find it highly unlikely that China was shoot itself in the foot and consider this a short term pain for long term gain.

like

I see Schwab’s best margin rate is 6.575%, wouldn’t you need to invest in an asset that appreciates more than that to make using margin worth it? I know you can use the margin interest as a tax write off, am I missing other benefits?

like

IMTE ?
The product looks cool and the chart is wild, thinking about opening a position.

like

Is RBLX a buy?

like

I just want to park $2k somewhere and not look at it for a few years as it grows. Suggestions?

like

Amazon stock split approved 20:1! Who’s going to buy? Or wait till the hype dies down and then buy?
Amazon

like

What’s happening with Unity (U) the stock price went up by 13.5% yesterday. Is it a good buy now?

like

So with yield increasing overleveraged companies may start hurting. Is anybody rotating their portfolio?

like

Thoughts on FedEx? Essential business that seems to be on a discount

like

Is google at a good price to buy right now?

like