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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Personal finance and investing megathread extravaganza

I know lewdog (and maybe others) have mentioned the desire to have a place to chat about personal finance stuff. We'll see if there's enough interest to keep this going in the long-term, but at least for now, here's a place to chat about whatever personal finance topics come up.



If you're just getting started thinking about saving and don't know where to begin, this flow chart can help. Ask for advice in the thread for more help!

Last edited by DaFace; 01-24-2018 at 03:49 PM..
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Old 09-27-2018, 04:17 PM   #2341
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Man Iíve apparently paid zero attention. So the SEC dinged him for not disclosing shareholder activity?

I didnít think the SEC filed lawsuits. I thought they levied criminal charges.

RE: Musk. Yeah. I watched him on the Joe Rogan Podcasr and he looked and sounded like heíll.
Oh. No. I assumed you'd heard about him being an idiot' He tweeted this a while back:




He, in fact, did not have funding secured. So they're going after him for misleading shareholders.
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Old 09-27-2018, 04:17 PM   #2342
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Did Elon Musk just sign with the Panthers?

Edit: Oh, sure. Delete the erroneous quotes and make me look like a fool.
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Old 09-27-2018, 04:28 PM   #2343
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What a shame. Take Tesla away from him but leave him SpaceX.
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Old 09-27-2018, 04:30 PM   #2344
Buehler445 Buehler445 is offline
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Oh. No. I assumed you'd heard about him being an idiot' He tweeted this a while back:




He, in fact, did not have funding secured. So they're going after him for misleading shareholders.
Oh. Thanks. For some damn reason I thought it was already done. I am obviously the dumbest bastard that ever lived.

That will set an interesting precedent if the SEC wins the suit.

CEOs personal social media acts as a formal company communication? Thatís .... rough man. I pretty much agree in this specific instance, but still thatís an interesting precedent. So if Satya Nadella posts a picture of him eating an apple for breakfast can the SEC say he intended to show that they are taking over apple and when they donít SEC can tune him up?

Like I said, I think In this case I agree, but itís a precedent that could get freaking weird man.

****ing Twitter. LOL
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Old 09-27-2018, 04:30 PM   #2345
ChiliConCarnage ChiliConCarnage is offline
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Honestly, that might not be the worst thing in the world. The dude clearly needs to step back a bit and get some sleep.
Yeah, it seems like he's burned out and become pretty erratic. It's too bad he didn't have a board that would've forced him to bring in help with operations.

Buehler - I think criminal cases get referred over to the DOJ. The SEC is civil cases*

edit: wanted to add. I imagine that's on purpose because it's easier to win civil cases? Finance, insider trading and intent is hard enough to prove already
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Old 09-27-2018, 04:32 PM   #2346
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Yeah, it seems like he's burned out and become pretty erratic. It's too bad he didn't have a board that would've forced him to bring in help with operations.

Buehler - I think criminal cases get referred over to the DOJ. The SEC is civil cases
Right on. I was all the way wrong on that.
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Old 09-29-2018, 04:51 PM   #2347
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Guess he changed his mind. Musk steps down as chairman (but will stay on as CEO) and pays a $20 million fine. Tesla pays another $20m and will appoint two new independent directors. Board committee will also be formed to oversee his communications.

https://money.cnn.com/2018/09/29/tec...ent/index.html

Again, this might be for the best, so even as a fan of his, I'm fine with it.
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Old 09-29-2018, 04:57 PM   #2348
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Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast.
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Old 09-29-2018, 05:00 PM   #2349
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Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast.
To be fair, he's worth about $20B. For someone making $50k per year, this would be like a $50 fine for him and a $50 fine for the company.
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Old 09-29-2018, 05:04 PM   #2350
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To be fair, he's worth about $20B. For someone making $50k per year, this would be like a $50 fine for him and a $50 fine for the company.
No, that math only works if someone has a $50K net worth.

Your point is taken. But Iím sure itís still a shit check to write because youíre too undisciplined to operate Twitter.
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Old 09-29-2018, 05:55 PM   #2351
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No, that math only works if someone has a $50K net worth.

Your point is taken. But Iím sure itís still a shit check to write because youíre too undisciplined to operate Twitter.
Ha. Fair point. Still, it's not that much for a guy like him.
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Old 09-29-2018, 06:49 PM   #2352
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Ouch. A $20M tweet? Essentially $40M if he has most of the stock. Yikes. I was wondering what went on when he said he stepped away from Twitter on Rogans podcast.
It's going to cost him way more than that.. this is just the government. Damaged investors and their vampire like lawyers will be on this for years.

He's not that liquid wealthy, Daface. He's fairly levered into his Tesla ownership by all accounts. Dunno, what 20 million does but there is a reason he's far more worried about short sellers than most execs. He could be margin called if Tesla drops to the low 200s from what I've read. If I were an investor I'd think it was pretty neat an executive was willing to risk so much. Dudes all in to some extent
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Old 09-30-2018, 05:14 AM   #2353
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Stock Pickers Struggle to Beat Index Funds Once Again

https://www.wsj.com/articles/stock-p...ain-1538218801

Quote:
But in the race for returns in the past year, passively managed funds won again: Just 36% of actively managed U.S. stock funds outperformed index mutual funds and exchange-traded funds in the year ended June 30, according to data compiled by research firm Morningstar Inc. That is down from the 43% that did so in 2017.
Not shocking news
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Old 09-30-2018, 06:54 AM   #2354
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That's some pretty big sector rotation out of financials last week. Banks got a rate increase and it sounds like they'll get another one in Dec. barring the world falling apart. Might be some bargains

also, it's covered up in this screenshot but GE down another 7+%. That thing seems to have no bottom. The stock price has fallen so much I think the dividend yield is about back to where it was before they cut it. 4 and a quarter
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Old 10-03-2018, 03:50 PM   #2355
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Sometimes when I go to check the stock market performance for the day, I have an idle dream that I'll log on to discover that the market is up 75,000 points and I'm suddenly rich. Like, someone invented faster than light travel or something and the market is reacting. Does anyone else ever have those thoughts when you're about to check?
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