TorchtheFlyingTiger

It doesn't count towards your contribution limit.

quote:

---

it would be extremely hard for both parents to give their kid 2 million plus dollars by the time he is in his late twenties

---

If they exceed annual gift limits it just comes off their lifetime exclusion.

I'm for low taxes but the thing that makes no sense to me is the stepped up cost basis at death. Why do I pay tax on my investments if I sell but my heirs don't if they sell? I'm planning to use this to full advantage for my heirs but seems like a reasonable thing to change.

According to the video title and notes he was running tires that are recalled for tread delamination. Wonder if this was before or after the recall went out.

Goodyear Eagle F1 SuperSport 305/30ZR21
Speed rating Y = 300 km/h
(recalled for Tread Delamination)

This episode?

If had seen his question on X, I would have been one of those rare replies that regret paying off mortgage. I aggressively paid down my first home at 5.5%. If I'd have invested it instead I'd be much better off. It easily cost me 6 figures in missed growth. Opportunity cost is a bitch.

quote:

---

Vehicles are a depreciating asset, so those should probably be paid off as well,

---

quote:

---

don't go in debt for depreciating assets pay cash 

---

I've never quite understood this concept. How does it matter whether or not the asset appreciates? If you NEED the vehicle or can afford it, why not take out low interest debt to fund the purchase and keep more $ invested in appreciating assets? What's different about paying down a depreciating asset debt versus one that appreciates? Assuming same rate, I'd make the case that paying down car loan is better than mortgage because the car can be sold easily making it a more liquid asset instead of tieing up your capital in home equity for decades (expensive to access via HELOC or sale)

I came here for the Monty Python.

There's some good value to be had at some chains. The Chili's 3 for me and BW3s pick 6 deals are better price and quality than fast food meals.

My first reaction was to hate him for being an absentee father. On further reading, sounds like he was possibly trying to cope with losing the kid etc. His wife reportedly took the child back to N. Ireland where they met while he was a British paratrooper. Due to security restrictions he was unable to visit as an active duty member. However, he left service a year or two later perhaps he could have followed them at that point. Perhaps he knew it was best to stay away. He's obviously not a normal person and no telling what other issues they both may have had. Apparently the kid joined him at some point along the road and they bonded for a couple weeks, small consulation for a fatherless childhood.

Meanwhile,

quote:

---

The Federal Housing Finance Agency has shaken up Fair Isaac (FICO) by allowing Fannie Mae and Freddie Mac to accept VantageScore 4.0, ending FICO's exclusive role in government backed mortgage credit scoring.

---

finance.yahoo.com

Same link further down has article with more bullish take: "FICO Stock Has Fallen 43% From Its Peak. Does the Selloff Make Sense?"

quote:

---

The Business Kept Growing While the Stock Fell

The economics of FICO's model are genuinely unusual, and understanding them is what makes the 2026 selloff so interesting. An 85% gross margin means almost every revenue dollar above the marginal cost of delivering a score flows straight through to gross profit.

---

quote:

---

similar but not exactly the same

---

You're way off.
"SCHD and SCHG have virtually zero overlap (less than 1% by weight), making them nearly perfect polar opposites.Because of their strict and contrasting selection criteria, these two ETFs share almost no common holdings. SCHG filters for high-growth companies that reinvest all their cash, while SCHD strictly selects stable, cash-flowing companies with a track record of paying high dividends." -Google AI mode