There isn't much need to have B&M video game stores anymore. That was true years ago before the meme frenzy.
There isn't much need to have B&M video game stores anymore. That was true years ago before the meme frenzy.RK posts dog Pic and Chewy stock flies.
In case you didn't know Cohen founded Chewy and runs GME.
Can you imagine a merger? Convert stores to pet shops.
And that is why I mentioned pet stores not game stores. Not sure who still goes there other than flea market types.There isn't much need to have B&M video game stores anymore. That was true years ago before the meme frenzy.
Haha, yeah - even half that. My restrictions on the receiver were that they had show ID, sign and submit to a body cavity search.It was scary getting $10,000 packages in regular mail.
I used to be interested in gold and silver until the pandemic. The spread to buy / sell physical ounces was only $50 before April 2020.
Afterwards and to this day its usually about $100 to 150 per ounce of gold to buy and $100 to $150 to sell. So you could lose up to $300 in dealer charges PER OUNCE before you see a dime in profit.
Over the years prior to 2020 I traded about 40 ounces of gold and 200 ounces of silver, buying cheap on Ebay and dumping locally. It was scary getting $10,000 packages in regular mail.
As far as trading things like the GLD / SLV ETF's in the market, because they are actually trusts, they are treated as "cost basis not reported" transactions by the IRS. That means you have to report each buy and sell on Form 8949, which sucks. That includes options on the trusts. Not worth the hassle.
Note: I'm not a CPA. But I am 90% confident that as long as they are in the same year, that you can just write "Various" under the lines like Date Acquired and Date Sold. Then lump these all into one line on Form 8949. Yes, you have to add up how much you spent and how much you sold it for, but your finances should be done in something like Excel that makes math like that simple.That means you have to report each buy and sell on Form 8949, which sucks.
Stock acquired on various dates.
If you sold a block of stock (or similar property) that you acquired through several different purchases, you may report the sale on one row and enter “VARIOUS” in column (b). However, you must still report the short-term gain (or loss) on the sale on Part I and the long-term gain (or loss) on Part II.
That is the myth of gold that I just never understand. Gold is doing quite well right now. But, historically it does NOT always hold value or keep up with inflation. Gold did terribly in the 1920s, 1940s/1950s/1960s, 1980s/1990s, and early 2010s. During those fairly long periods, it did not hold its value or keep up with inflation. Here is an inflation adjusted price chart:It's probably not the highest performance investment but it's something that is almost guaranteed to at least hold it's value and maybe even keep up with inflation.
Delusional dreams of societal collapse and living in a Mad Max-esque world?Gold has its place in an investment portfolio. But, why do these myths that are so easily disproven stick around?
I just posted a inflation adjusted graph with a 36 year gold crash (40 years to return to the peak) and 21 year gold crash (still hasn't quite returned to the peak 44 years later). Technically those crashes were temporary. But if that happened when you need the money, waiting 40+ years just to return to your starting price is an awful thing to consider.The thing is the metals have an actual purpose in manufacturing. If they go down it's always temporary.
Stocks on the other hand can crash, and that's that. They don't really have any real useful value.
I just posted a inflation adjusted graph with a 36 year gold crash (40 years to return to the peak) and 21 year gold crash (still hasn't quite returned to the peak 44 years later). Technically those crashes were temporary. But if that happened when you need the money, waiting 40+ years just to return to your starting price is an awful thing to consider.
While gold has some actual use in manufacturing, many stocks ARE actual manufacturing companies.
The US's highest inflation rate was 1917 when we were fully gold backed.Inflation in itself is a huge issue, it basically means the dollar is being devalued more and more every year. It used to be backed by gold back in the day and inflation was not as bad, but now it's backed by nothing and they just keep printing as much as they want. Every time they do that it's devalued.