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Everything posted by Magiccarpetrides
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Lord I've kicked the hornet's nest (appreciate the mostly civil reactions) Alright keeping this simple: I personally believe in background checks for all firearms at point of sale (not private person to person) I'm not a fan of Polymer 80's build and bang kit because I do believe its just a simple perversion of the law. (much like those "fuel filter" suppressor kits on facebook marketplace) I do wish some of this passion was shown by the older folks here when Reagan was banning no new machine guns for civilians....still can't believe you all and the NRA rolled over for that one. I wish some more passion was shown when Trump used executive order to ban bumpstocks after one mass shooting. At the end of the day I guess firearms to felons doesn't really matter at all when we are experiencing a 9/11 every day in this country due to silly politics and anti-science beliefs. When the USA is losing 3,000 per day (which we all acutely felt recently with the passing of our good friend Mikey) who cares about some gun violence that doesn't even move the needle.
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Airbnb made sense to me...door dash not so much
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Replying to Chuck: The 80% lowers were a thing but not as prolific because they did require some actual skill and work. The polymer 80 eliminates all that so that anyone with a basic drill can complete a handgun. I do think that while everyone is entitled to own firearms (including machine guns, suppressors, etc) they should have to do the basic background check. Criminals will always find a way but that doesn’t mean we should make it easier. I honestly think the whole 80% thing is just a way to bypass a background check (which requires the firearm to have a serial number) therefore I’m all for them being reclassified. Again this is all just a friendly debate not like any of us is gonna actually affect what happens.
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Well if your applying that spin on my argument lets all rail against the following: drinking and driving, texting and driving, most currently "illegal drugs", machine guns, rocket launchers, well the list goes on of all the things the majority could do/enjoy without harming others yet those pesky laws seek to keep us from because of a few bad apples that just can't handle the "freedom"
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Well it only took 1 shooting to eliminate bumpstocks...compared to the amount that were out in the world I would say that ratio was pretty skewed. I don't have any hard numbers on Polymer 80 guns but I know of plenty people here and on the interwebs that complete them and don't put a serial number on them so??? Oh wow pulling out all the snark. Your an intelligent man please do tell who guns that are easily finished by anyone with basic tools and consisting of no serial number yet cost the same as a firearm with a serial number are marketed for?
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Speaking of markets yesterday was quite the "distribution day" (down day)....I didn't do a thing (buy or sell....in hindsight should have bought lol) Yesterday I was down almost 7% today I was up almost 6% so a whole lot of nothing happened...a good lesson in why you shouldnt freak out and hit the sell button....by the way anyone get in on that AirBNB action....shes gonna be a winner (but after popping 115% at the open it might be awhile).
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A fan of Mr Robot I see
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And if I would have parked it in ARK I’d be at 160%
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Erik88 18% is great nothing wrong with it but if your an active investor this year especially you can do much better elsewhere. Now granted I’ve been at this for more than 10 years but I honestly haven’t actually got what I would consider good at it til last year. I’m at 44% gains in 4 months in a new account and my larger old account I’m at 82% returns since Jan 1, 2020
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Depending on your age I think you should definitely take on some more "risk". If you were to buy an Index fund (yawn) I would just do the S&P. If Fidelity offers any tech or emerging technologies you definitely should go in that direction. People that have only stuck with the index have really missed a lot of gains the past couple years....now I don't know your age...if your near retirement I would keep it simple and the risk low.
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That’s one of the best performing vanguard funds...I was trying to be as fair as possible their other selections that I pulled up fared far worse.
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If Resolute does take over I'll just follow Cathie and Crew to the next ETF...shes got the clout now where she will be showered with money. Resolute are fools if they think investors won't hit the doors if she loses control. So all that being said...for now stick with ARK and if Cathie is shown the door just pull your money and wait til she opens up her own shop. Here's a writer's opinon: ARKK: Don't Sweat The ARK Invest Battle With Resolute Investment Managers (NYSEARCA:ARKK) | Seeking Alpha
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Btq96r they look at all investments and targets with a 5yr timeline but they will cut and run when something doesn’t work. Daily they post everything they buy and sell. A good example is their heavy conviction and position in Illuminae a large chunk in the arkg etf...when they took it to task and it wasn’t found to any longer be the disrupter and peer leader they liquidated that holding very quickly. While it hurt the arkg fund some that fund quickly recovered and is setting another 52wk high this week.
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Unlike the old suits from Vanguard and others Cathie Wood and her team are constantly looking for the next area of disruption and the next innovation. Also everyday they print what they are buying and their research. They are miles ahead of their peers. Tesla is only 10% of the portfolio's its in and they are constantly reducing exposure or increasing to keep it at that number....a good example of huge gains for them is having the foresight to take a large position in Crisper (CRSP) for the ARKG fund (NO TESLA EXPOSURE). Today alone that ETF is up 5%....5% in an ETF in one day!!! for the year? 170%....Since its inception in 2016...how about 378% Now look at Vanguard S&P 500 ETF....1yr-17% 5yr 76% (not bad but...) and tell me how many decades it will take to match that performance. Its your money but I know what i'm doing with mine. For the guy in the back asking about ARK....go Youtube any Cathie Wood interview...she does plenty and explains their rational so that simpletons like me can understand.
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You can open up a TDAmeritrade or Robinhood account with as little as $500....buy the ARK ETF's I mentioned for zero commission and run circles around Vanguard and almost all other ETF's. ARK has the brightest minds, quickest adjusting, and most reliable large gains. Also there "fees" are insignificant compared to some other ETF's and they do enough volume that you can drop them with one quick click. (Some ETF's have such low volume that getting out of them can take a lot more time then you would expect)
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For you Cannabis fans one company you should take a hard look at is Planet13 PLNHF on the OTC market. I’ve made almost 60% on it since March. If your ever in Vegas you owe yourself the time to walk in their store it’s indescribable even if your a non smoker like me it will stun you with how cool it is. I can definitely see it being franchised as more states legalize marijuana. For my fellow gun owners it’s also entertaining to check out the varying types of weapons their armed security (numerous) carries. The doorman has an AR15 and a sidearm. Gotta have firepower when the government won’t let you deposit your money in a bank.
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Man this sucks Mikey was a great guy first time I met him in person was at Bill's Eastside shop too. I hadn't talked to him in awhile but this made me tear up. He will definitely be missed. This is an awful reminder that people need to take this seriously and do whatever they can to prevent spreading it. Its not fair that he is gone way too soon.