Favorite team:
Location:
Biography:
Interests:
Occupation:
Number of Posts:233
Registered on:7/8/2019
Online Status:Not Online

Recent Posts

Message

re: LSUS Online MBA Reviews

Posted by audioaxes1 on 5/27/22 at 8:48 am
congrats on the payraises. I earned a half hearted pat on the back (already knew coming in I wasnt getting any direct pay raise from my employer for getting my MBA)

re: New Housing Sales Down 16%

Posted by audioaxes1 on 5/25/22 at 12:32 pm
ofcourse sales will drop because fewer people are willing to sell and why should they? So they can rebuy a more expensive house with a much higher rate?

this does not mean prices are going lower but in fact prices could even melt up from here. We wont see a sizable correction until the supply outstrips demand and for that we an catalyst like a recession with layoffs->foreclosures or when baby boomers start leaving the housing market in mass (moving into nursing homes/dying)
i already sold my bullish positions on oil but no way would I consider a bearish position at this point

re: Tellurian Inc - TELL

Posted by audioaxes1 on 3/3/22 at 1:32 am
ouch! I was in this months ago and cut my losses at the near bottom... didnt realize it went on a 70% move after it I sold
I think wheeling into stocks with cash secured puts is a very under used strategy. Many use buy limit orders but why not use a cash secured put instead? Say you want to buy 100 shares of stock A for $100 when its trading for 102. Instead of setting a buy limit order for $100 you sell cash secured puts for $100 and pocket premium if it does or does not drop to $100.
primary residence in California
about a dozen rental properties in Indiana

re: Official CryptoTalk Thread

Posted by audioaxes1 on 11/9/21 at 1:18 pm
anyone still in chainlink? I got in and out for 100% gains during the initial pandemic dip but I'm just now realizing how much it flew since then

re: AT&T yielding 8%

Posted by audioaxes1 on 10/14/21 at 2:09 am
I made out decently with ATT dividends plus premiums off of covered calls but so many other plays in the same timespan would have been so much bigger
another strategy to help your T holdings is selling covered calls while using your shares as leverage.

re: Looking to refinance home

Posted by audioaxes1 on 8/23/21 at 7:30 pm
I use zillow mortgage rate tool to find the most competitive rates. It has worked out well for me for the few loans/refis I've done, which were all small/relatively unknown companies used.

re: Ollo Optimum Mastercard

Posted by audioaxes1 on 8/17/21 at 6:07 pm
one of my favorites is transferring my points to Hyatt.
its a 1:1 transfer but Hyatt points can get you rooms that worth ATLEAST 2x the value.
For example transfer 30K ($300) of Chase points to Hyatt and redeem for a free 30K point room... you can easily find a hotel and date where the room would cost atleast 2x ($600) if you tried to book that room by any other means

re: Ollo Optimum Mastercard

Posted by audioaxes1 on 8/17/21 at 11:57 am
if you are into using points for travel then chase freedom unlimited is basically a 3% cashback card (1.5% cashback in the form of UR points on everything) and it doesnt take much effort to find atleast 2X value on UR points when transferred to other reward programs)
i started to jump in today but seen a suspicious amount of put bids still rolling on the tape.

re: If you hate money, check out EDU

Posted by audioaxes1 on 7/23/21 at 8:06 pm
luckin coffee options were cheap too just before they shut down
thanks for the responses
so by subscription level there is a way to easily produce your scorp tax filings out of quickbooks?

re: Thoughts on ATOS?

Posted by audioaxes1 on 6/25/21 at 1:39 am
ATOS is entering a perfect storm that can send it skyrocketing very soon...
-very high short interest that can cause a short squeeze as they are forced to cover
-gamma squeeze from crazy volume of option calls being made
-upcoming index inclusion where institutions have to buy shares
-inching very closely to 1Billion valuation where it could then be hyped up on WSB

this is just about as confident as I ever felt for a big short term play
This is in California. Wife is starting a single member s-corp for a clinical therapy practice. We are trying to decide how we should handle the administrative side of things (accounting/bookkeeping/taxes and s-crop fees/payroll).
By chance does anyone have something similar and handle all of the admin tasks on their own? Im trying to figure out how much time and hassle this would be.
thanks

re: Closing on a mortgage cost

Posted by audioaxes1 on 6/22/21 at 3:31 pm
You should compare your loan terms to the best offers in Zillow rates
one thing you should also do when starting off with credit is try to open multiple cards that you plan on just holding onto indefinitely so you can start building some aging in your credit profile. You dont have to use them besides like once every 4 months ago to keep them from shutting it down for inactivity.
Lets say you only get one card and 5 years later you get another card... your average age of accounts will plummet to 2.5 years which could have a noticeable impact on your credit score.
But lets say you got 5 cards and 5 years later you get a 6th... your average age drops to only 4.16 years.
when my wife bought a Lexus RX they pushed hard for extended warranty. I flipped their script around and said if an extended warranty is so important then we are having second thoughts on the reliability of this car and walked out. We got a call the next day with them offering knock another $250 off the price.