Is the stock market going to tank?

[Danno]

yep. I considered selling a small amount to claw back my initial stake, but haven't.

I sold 100 shares of AMC at $60, which means I grabbed a 20% profit on my initial stake of 500 shares at $10. The remaining 400 shares I'll let ride and see if it ever goes crazy. But no matter what happens, I got something out of it.

[Benny Profane]

There you go again Benny. You're like an older, more genteel glademaster of negativity.

I thought Business was the new English degree. Like, what are you going to major in, Johnny, in between binge drinking sessions? Uh, I dunno, maybe, uh, business? Yeah, business. I wanna get a job in business, so, yeah, that.

[HD333]

Business degrees from state schools do not make millionaires before 50.

Sure it does. You are ignorant.


Sent from my iPhone using Tapatalk

[El Chupacabra]

Business degrees from state schools do not make millionaires before 50.

MBA or JD, sure they do.

There you go again Benny. You're like an older, more genteel glademaster of negativity.

So very accurate.

[fastfred]

Business degrees from state schools do not make millionaires before 50.

thats why my old man went to an ivy league school and retired at 50
then you give your money to other people to make money for you
day trading is the same as going to vegas getting wasted betting money against the house and paying strippers and escorts your always gonna come out on the wrong end

Or Todd didnt go to an overpriced private school, instead opting for a state school where he applied for and obtained a few of the MANY scholarships that go unclaimed every year. He then earned a standard business degree and worked his way to middle mgmt by early 30s. Similar story for his beautiful bride (turns out women can be smart and succesful too) and when two succesful people get married they end up with double the income! They bought a fixer upper starter home in their late 20s, fixed it up and sold it for a nice profit. They now live in a nicer neighborhood and are in the process of fixing that place up too along with building an ADU out back for the crazy FIL who provides part time (if a little dangerous and negligent) childcare.

Meanwhile poor brett took out 6figs in student loans to go to colorado college "for the networking". Now all his peers and ex classmates with trustfunds and nepotistic careerpaths live lavish lifestyles which he tries to keepup with, but realistically cannot. So he never climbs out of debt, and lives in an apartment in boulder. But, he is living the dream driving a leased Audi A4 (cant afford the A6 payments), owns a Yeti SB6 and skis some sick frontrange gnar at Breck every other weekend (if he feels like fighting 3 hours of traffic each way).

nailed it

[Benny Profane]

MBA or JD, sure they do.

An MBA is not a state undergrad business degree. C'mon, man!

[El Chupacabra]

Business degrees from state schools do not make millionaires before 50.

An MBA is not a state undergrad business degree. C'mon, man!

Where did you specify you were limiting your comment to undergrad degrees?

[BobMc]

Back to the stonk market... CLB was downgraded and price target lowered yesterday, sold a July 16 CC @45 for $3.25/per this morning. Up $105 on it already, gonna let it ride and be assigned or not. It's only paying a dividend of .04 annually, been wanting to move that into something higher yielding.

[Benny Profane]

Where did you specify you were limiting your comment to undergrad degrees?

I was responding to this:

"Or Todd didnt go to an overpriced private school, instead opting for a state school where he applied for and obtained a few of the MANY scholarships that go unclaimed every year. He then earned a standard business degree and worked his way to middle mgmt by early 30s."

[AdironRider]

Todd looks early/mid 40s. That is not at all outrageous to have 1mil in retirement savings for a dual income household. 20 years of saving 15% of their income invested in the S&P got you 6% return every year on average... they'd be sitting at +1mil.

Or, maybe they like having nice new cars, the latest clothes and electronics, dont cook much for themselves, eat out for lunch everydays, buy $6 lattes each morning and go skiing 3 times per year where the buy day tickets, rentals and lessons for the whole crew. In which case, it would be damn hard to save that much.

Or maybe Todd chucked a few grand into GME back in July and cashed out in April?

Next we'll all be hearing about how six figure jobs are available to anyone with an ounce of gusto.

[El Chupacabra]

I was responding to this:

"Or Todd didnt go to an overpriced private school, instead opting for a state school where he applied for and obtained a few of the MANY scholarships that go unclaimed every year. He then earned a standard business degree and worked his way to middle mgmt by early 30s."

Ah. Got it. Well, that'll be tougher, but still not impossible.

[Benny Profane]

Ah. Got it. Well, that'll be tougher, but still not impossible.

Especially if Todd has a loving and wealthy grandfather.

[skaredshtles]

I'll be there. Still haven't skied the Beavers. But, Italy first.

Where you going this trip?

[El Chupacabra]

Especially if Todd has a loving and wealthy grandfather.

It may surprise you that some people do manage to do well for themselves without relatives paying their way through school.

[sirbumpsalot]

Business degrees from state schools do not make millionaires before 50.

I know someone with ONLY a degree in sports medicine from a midwestern state school that made it to the SVP level at a fortune 500 company before the age of 40 in a completely unrelated tech area. I also know someone who is CHRO for an international manufacturing company with just an undergrad business degree from a state school in the neighboring state.

The degree is just a ticket to get in....the rest is up to you.

Just a sample size of 2....but I bet there are more cases like this than those with ivy league degrees.

[skaredshtles]

Business degrees from state schools do not make millionaires before 50.

Once again, Bunny has no idea what he's talking about. Because I got a business degree from a state school... and I fucked around for most of my 20's, and have never held any kind of management position.

Just got a number of really lucky breaks WRT to work and have lived well below our means for a long time.

[AdironRider]

I know someone with ONLY a degree in sports medicine from a midwestern state school that made it to the SVP level at a fortune 500 company before the age of 40 in a completely unrelated tech area. I also know someone who is CHRO for an international manufacturing company with just an undergrad business degree from a state school in the neighboring state.

The degree is just a ticket to get in....the rest is up to you.

Just a sample size of 2....but I bet there are more cases like this than those with ivy league degrees.

There can be, like at a a maximum, about 500 people in the entire fucking world that this path worked for.

[Mazderati]

Yeah, but everyone else is just lazy. /s

[californiagrown]

Especially if Todd has a loving and wealthy grandfather.

Who taught todd basic handyman skills as a kid, how to live below his means, save a large percentage of his income and invest early? It seems like you are also discounting the Wife's (or babymama's) role in Todds financial situation. Dual income no kids until their late 30s allows you to save quite a bit of money.

One of the often overlooked benefit of well-to-do parents is the money mgmt habits that they pass down to their offspring. The inheritance of socioeconomic habits and culture from parents is not to be underestimated IMO.

[Benny Profane]

Where you going this trip?

Dolomites.

[Timberridge]

There can be, like at a a maximum, about 500 people in the entire fucking world that this path worked for.

Que?

You and Benny sound like two broken down old guys at a bar. Then glademaster walks in and somehow by comparison you both are Tony Robbins.

[Benny Profane]

Yeah, but everyone else is just lazy. /s

No. Just not as lucky.

[Benny Profane]

Que?

You and Benny sound like two broken down old guys at a bar. Then glademaster walks in and somehow by comparison you both are Tony Robbins.

Says the millionaire with the business degree.

[dunfree]

Who taught todd basic handyman skills as a kid, how to live below his means, save a large percentage of his income and invest early? It seems like you are also discounting the Wife's (or babymama's) role in Todds financial situation. Dual income no kids until their late 30s allows you to save quite a bit of money.

One of the often overlooked benefit of well-to-do parents is the money mgmt habits that they pass down to their offspring. The inheritance of socioeconomic habits and culture from parents is not to be underestimated IMO.

yeah, we can invent a whole back story for Todd than Google one of the 50 shitty “retire by 40 articles” that wasn’t about someone who inherited 6 figures to justify our priors, or just say… that’s not common.

and there are some top “state” business schools

[californiagrown]

The degree is just a ticket to get in....the rest is up to you.

100%. The name on the diploma gets you an interview easier, and may even get you an entry level job easier... but the industry only cares about results from their on out. Very few people stay at one company their whole life, and No ONE cares where you went to school when applying for that second job. The cream will rise (not counting sexist, racist decision making that is becoming less and less of a problem recently).