120k a year isn’t enough

#226
#226
05_never_again said:
Markets are and have always been driven by sentiment and human psychology. Human beings do not act unemotionally; they don't sit there all day and never pay more than what a current DCF analysis says a stock is worth. The stock market, especially in the short term but even out into the intermediate term, is more a reflection of market sentiment and psychology than what any company is particular is actually worth today.

Stupidity has been around forever. Google the term "bucket shop." It is at least as stupid as anything going on today.
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"Bucket shop" was a new term for me. Sounds remarkably like the investment "opportunities" the banking/investment hustlers were promoting just before the market crashed in 2008.
 
#227
#227
AM64 said:
"Bucket shop" was a new term for me. Sounds remarkably like the investment "opportunities" the banking/investment hustlers were promoting just before the market crashed in 2008.
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It was a way for hustlers to bilk unsophisticated "investors" (you aren't even investing with a bucket shop) during the greatest stock market bubble in history. Many were complete scams. It was even more brazen and in-your-face than anything that happened in 2008-09.
 
#228
#228
Some of you grew up during a different time. Your parents put faith in a company. Back then a person hired on and was discouraged to job shop with other companies. The company provided a pension.
My generation were told to hop around employment to advance quickly and build a resume of experiences. Told to chose 401k and IRA instead of pensions.
I was encouraged to work for myself. Better to put my future in my hands instead in the hands of others.
 
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#229
#229
McDad said:
Some of you grew up during a different time. Your parents put faith in a company. Back then a person hired on and was discouraged to job shop with other companies. The company provided a pension.
My generation were told to hop around employment to advance quickly and build a resume of experiences. Told to chose 401k and IRA instead of pensions.
I was encouraged to work for myself. Better to put my future in my hands instead in the hands of others.
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You know the scary part is that all those retirement funds have been going into the same basket. It's almost like when people started to question pension plan management, somebody said "Hey, do we have a deal for you." I'm also thinking some of those people might have been in on deciding company pension plans were "overfunded". I liked Reagan and many of his actions a lot, but there were some questionable types guiding some financial issues during his administration - and I'm not talking guns and drugs this time.
 
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#230
#230
AM64 said:
You know the scary part is that all those retirement funds have been going into the same basket. It's almost like when people started to question pension plan management, somebody said "Hey, do we have a deal for you." I'm also thinking some of those people might have been in on deciding company pension plans were "overfunded". I liked Reagan and many of his actions a lot, but there were some questionable types guiding some financial issues during his administration - and I'm not talking guns and drugs this time.
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One of the handful of reasons my retirement is in real estate.
 
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#231
#231
McDad said:
One of the handful of reasons my retirement is in real estate.
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As far as safety goes, that probably second only to the women's shoe business. Although, with the latest generations, Nike et al, and China, it might be hard to tell about where the footwear industry is headed. Drugs probably has a better return on investment ... if you don't get caught. I'd stick with real estate.
 
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#232
#232
AM64 said:
As far as safety goes, that probably second only to the women's shoe business. Although, with the latest generations, Nike et al, and China, it might be hard to tell about where the footwear industry is headed. Drugs probably has a better return on investment ... if you don't get caught. I'd stick with real estate.
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What if?

Australia Is Now Threatening Citizens With Seizure Of Homes & Bank Accounts Over Covid Violations | ZeroHedge

For example, a new report in Daily Mail has reviewed fresh government data compiled by the Queensland health authority. It found that "Queenslanders who received fines for breaking Covid-19 rules risk having their homes seized and bank accounts frozen in a government crackdown to collect $5.2 million in repayments."
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#234
#234
Serious question, if unions are causing these companies so much money why don’t they just move to Right to Work states like Tennessee.

I know several have but it seems like some of these big name ones would be doing it too.
 
#235
#235
Vol8188 said:
I’m not seeing the problem. Do you believe most doctors, lawyers, ceos, business owners, anyone who does well, do you believe they work 40 hour weeks?

My gf also made over 100k this year at 30 an hour as a nurse (RN) and I was making that at 15 an hour as an EMT.

If you want money, you have to work for it. That’s how this works
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Dermatologists make 300-400k+ and work 40 hours a week
 
#236
#236
Vol8188 said:
I’m not seeing the problem. Do you believe most doctors, lawyers, ceos, business owners, anyone who does well, do you believe they work 40 hour weeks?

My gf also made over 100k this year at 30 an hour as a nurse (RN) and I was making that at 15 an hour as an EMT.

If you want money, you have to work for it. That’s how this works
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You have it wrong. How long you work has nothing to do with value. I have this convo with managers who work for me. I DNGAF how much you work. It's what you produce. My two best GM's work less then the other 8. They make the company, themselves, and me more money then the rest. Bc they are good at what they do. Willing to punch a time clock means nothing. In the medical field obviously different.
 
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#237
#237
AM64 said:
As far as safety goes, that probably second only to the women's shoe business. Although, with the latest generations, Nike et al, and China, it might be hard to tell about where the footwear industry is headed. Drugs probably has a better return on investment ... if you don't get caught. I'd stick with real estate.
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Strip clubs are the largest return on investment period as long as you can completely flush your morality down the drain and wipe every bit of humanity away from yourself.

We ran about 100 girls on the weekends. Most people don’t know this but the girls are 1099 and pay a flat fee to work each night and then also must cut the club a portion of their tips, say 60/40. So you are clearly on average 500 per girl.

Plus the club has hardly any other payroll as the bouncers are paid out from the strippers and the waitresses are wait rate.


So you are making money on alcohol plus you are selling 16.99 bottles for 150 bucks in the champagne room and you are getting uptime every hour (40 bucks for two dances) and about half the girls tips.

We were clearing 65k to 85k a night on Thursday through Saturday and 25k to 40k the rest. Club was profiting damn near 5 million after overhead and the only real expense was lights and electric.

But….it will totally screw your sex life up and f your head up…..so there is a down side.
 
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#238
#238
NEO said:
Strip clubs are the largest return on investment period as long as you can completely flush your morality down the drain and wipe every bit of humanity away from yourself.

We ran about 100 girls on the weekends. Most people don’t know this but the girls are 1099 and pay a flat fee to work each night and then also must cut the club a portion of their tips, say 60/40. So you are clearly on average 500 per girl.

Plus the club has hardly any other payroll as the bouncers are paid out from the strippers and the waitresses are wait rate.


So you are making money on alcohol plus you are selling 16.99 bottles for 150 bucks in the champagne room and you are getting uptime every hour (40 bucks for two dances) and about half the girls tips.

We were clearing 65k to 85k a night on Thursday through Saturday and 25k to 40k the rest. Club was profiting damn near 5 million after overhead and the only real expense was lights and electric.

But….it will totally screw your sex life up and f your head up…..so there is a down side.
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If you think that's bad, imagine running a male strip club.
 
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#240
#240
volfanhill said:
You have it wrong. How long you work has nothing to do with value. I have this convo with managers who work for me. I DNGAF how much you work. It's what you produce. My two best GM's work less then the other 8. They make the company, themselves, and me more money then the rest. Bc they are good at what they do. Willing to punch a time clock means nothing. In the medical field obviously different.
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I’m not arguing for time value. But I am saying that almost everyone who makes anything puts in long hours. Regardless of how much their time may be worth, most high income earners are working disproportionately higher hours
 
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#241
#241
Persian Vol said:
Dermatologists make 300-400k+ and work 40 hours a week
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Surely you’re not naive enough to believe they put in 40 hour weeks to get to that point, are you?

80 hour work weeks as medical residence aren’t uncommon at all and given how competitive high paying specialities are to get into, they were likely putting in 80 hour weeks of studying during med school
 
#243
#243
Elhanan said:
Serious question, if unions are causing these companies so much money why don’t they just move to Right to Work states like Tennessee.

I know several have but it seems like some of these big name ones would be doing it too.
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Because they don't want to live in a state full of ignorant hicks... to which I say... Good! Stay in the PDRC.
 
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