NDGuy
Well-known member
- Joined
- Apr 26, 2018
- Messages
- 2,500
That’s the issue. When everyone is bought and paid for…only a few ahem solutions left
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
Easier to just make them sign the SEC insider trading agreement. They’ll be banned from using insider knowledge, derivative accounts, shorting, owning individual stocks (without prior permission before an event) and margin accounts and a few other items. They can have their money handled “hands off” by an advisor to avoid some of this but then the onus is on the advisor. Accounts are sent for review I believe quarterly but potentially monthly. From my experience, they watch like hawks every move you make individually.
406dn
Well-known member
- Joined
- Dec 12, 2019
- Messages
- 2,970
Maybe the previous five years of tax returns should be added to your list.
SAJ-99
Well-known member
I like the idea, but people keep talking about a "insider trading rule" that I don't think exists. Link to 10B-5 is below. By definition it doesn't apply to government employees. We would need to pass an entirely new law.
jryoung
Well-known member
It's amazing that banning trading from members of Congress has such overwhelming support but nothing gets done because leadership will delay, and stall then toss out some culture war rage bait and we take it every time.
jryoung
Well-known member
First draft of my AI generated short film.
**Setting:** A dimly lit, windowless room hidden deep within the basement layout of the U.S. Capitol. A single mahogany table sits in the center, scattered with printouts of recent public opinion polls showing 86% voter alignment on a single issue.
**Characters:**
* **Chuck Schumer:** Senate Minority Leader (D-NY)
* **Mike Johnson:** Speaker of the House (R-LA)
* **Nancy Pelosi:** Speaker Emerita (D-CA)
* **Mitch McConnell:** Former Senate GOP Leader / Senior Statesman (R-KY)
**CHUCK SCHUMER** *(Adjusting his glasses down his nose, staring at a pie chart)*
Folks, we have a situation. The poll numbers came back from the mid-quarter review. It’s bad. It’s really bad.
**MIKE JOHNSON** *(Leaning forward, looking concerned)*
Is it the border? The deficit? Please tell me it's not another infrastructure bill.
**CHUCK SCHUMER**
Worse. They're unified, Mike. The progressives, the MAGA crowd, the independents, the suburban moms—all of them. Eighty-six percent of the American electorate agrees on *one* thing. They want to ban us from trading individual stocks.
*(A collective, icy chill sweeps through the room. Nancy Pelosi stops mid-sip of her iced tea.)*
**NANCY PELOSI**
Ban... stock trading? For members of Congress? That is an affront to the free market! If a member happens to sit on the Armed Services Committee and also happens to notice a particular aerospace company is about to land a massive government contract, it is their American right to partake in that economic growth. It’s called *portfolio diversification*, Chuck!
**MITCH MCCONNELL** *(Speaking at an incredibly measured, glacial pace)*
Nancy... is right. My... semiconductor holdings... have had a... very robust... fiscal year. If we lose the ability to... execute options... based on confidential committee briefings... what is even the point of... public service?
**MIKE JOHNSON**
Lord help us. If the voters realize we’re all getting rich off the same market indexes, they’ll stop fighting each other. The whole system collapses. We need a diversion. A massive, loud, culturally polarizing diversion. And we need it before the closing bell.
**CHUCK SCHUMER**
Exactly. We need to split them down the middle right now. Mike, what do you have in the hopper? Give me something high-yield.
**MIKE JOHNSON** *(Eyes lighting up)*
Okay, how about this: We introduce a bill that completely outlaws trans athletes from participating in any sports event, including local charity pickleball tournaments. We’ll call it the *Protecting Our Paddles Act*.
**CHUCK SCHUMER**
Perfect! Beautiful! I’ll immediately hold a press conference on the Senate steps and claim your bill is a literal gateway to a dystopian autocracy. I’ll demand a total federal ban on AR-15s and say that anyone who owns a hunting rifle hates children.
**NANCY PELOSI**
Hold on, let me spice it up from the House side. I’ll go on cable news and imply that the entire Republican conference wants to outlaw contraception, prenatal vitamins, and maybe even male pattern baldness medication just to see what happens. We’ll lean heavily into women's healthcare rights—keep the suburban districts completely panicked.
**MITCH MCCONNELL** *(A slow, mischievous smirk forming on his face)*
And I... will go to the Senate floor... and warn the nation... about the... dangerous, overarching... 'gay agenda.' I will suggest... that Hallmark Christmas movies... are being used... as a vessel... for radical... secular reprogramming.
**MIKE JOHNSON** *(Clapping his hands together)*
Mitch, that’s spectacular. The base will go wild. We can stretch the cable news coverage on that for at least three weeks.
**CHUCK SCHUMER**
Alright, let’s map out the timeline. Mike, you tweets about the pickleball ban on Monday morning. I’ll counter-tweet about the AR-15 ban by lunchtime. Nancy, you launch the health security alarm on Tuesday, and Mitch... you deliver your speech whenever you finish getting across the room.
**MITCH MCCONNELL**
I should... be at the microphone... by... Thursday.
**NANCY PELOSI** *(Checking her phone, smiling)*
Excellent. While the media is screaming at each other about AR-15s and Hallmark movies, Nvidia is announcing its new AI microchip. I've got a call to make to my broker.
**MIKE JOHNSON**
God bless America, Nancy.
**CHUCK SCHUMER**
Meeting adjourned, everyone. Go out there and make them hate each other. Our portfolios depend on it.
**Setting:** A dimly lit, windowless room hidden deep within the basement layout of the U.S. Capitol. A single mahogany table sits in the center, scattered with printouts of recent public opinion polls showing 86% voter alignment on a single issue.
**Characters:**
* **Chuck Schumer:** Senate Minority Leader (D-NY)
* **Mike Johnson:** Speaker of the House (R-LA)
* **Nancy Pelosi:** Speaker Emerita (D-CA)
* **Mitch McConnell:** Former Senate GOP Leader / Senior Statesman (R-KY)
**CHUCK SCHUMER** *(Adjusting his glasses down his nose, staring at a pie chart)*
Folks, we have a situation. The poll numbers came back from the mid-quarter review. It’s bad. It’s really bad.
**MIKE JOHNSON** *(Leaning forward, looking concerned)*
Is it the border? The deficit? Please tell me it's not another infrastructure bill.
**CHUCK SCHUMER**
Worse. They're unified, Mike. The progressives, the MAGA crowd, the independents, the suburban moms—all of them. Eighty-six percent of the American electorate agrees on *one* thing. They want to ban us from trading individual stocks.
*(A collective, icy chill sweeps through the room. Nancy Pelosi stops mid-sip of her iced tea.)*
**NANCY PELOSI**
Ban... stock trading? For members of Congress? That is an affront to the free market! If a member happens to sit on the Armed Services Committee and also happens to notice a particular aerospace company is about to land a massive government contract, it is their American right to partake in that economic growth. It’s called *portfolio diversification*, Chuck!
**MITCH MCCONNELL** *(Speaking at an incredibly measured, glacial pace)*
Nancy... is right. My... semiconductor holdings... have had a... very robust... fiscal year. If we lose the ability to... execute options... based on confidential committee briefings... what is even the point of... public service?
**MIKE JOHNSON**
Lord help us. If the voters realize we’re all getting rich off the same market indexes, they’ll stop fighting each other. The whole system collapses. We need a diversion. A massive, loud, culturally polarizing diversion. And we need it before the closing bell.
**CHUCK SCHUMER**
Exactly. We need to split them down the middle right now. Mike, what do you have in the hopper? Give me something high-yield.
**MIKE JOHNSON** *(Eyes lighting up)*
Okay, how about this: We introduce a bill that completely outlaws trans athletes from participating in any sports event, including local charity pickleball tournaments. We’ll call it the *Protecting Our Paddles Act*.
**CHUCK SCHUMER**
Perfect! Beautiful! I’ll immediately hold a press conference on the Senate steps and claim your bill is a literal gateway to a dystopian autocracy. I’ll demand a total federal ban on AR-15s and say that anyone who owns a hunting rifle hates children.
**NANCY PELOSI**
Hold on, let me spice it up from the House side. I’ll go on cable news and imply that the entire Republican conference wants to outlaw contraception, prenatal vitamins, and maybe even male pattern baldness medication just to see what happens. We’ll lean heavily into women's healthcare rights—keep the suburban districts completely panicked.
**MITCH MCCONNELL** *(A slow, mischievous smirk forming on his face)*
And I... will go to the Senate floor... and warn the nation... about the... dangerous, overarching... 'gay agenda.' I will suggest... that Hallmark Christmas movies... are being used... as a vessel... for radical... secular reprogramming.
**MIKE JOHNSON** *(Clapping his hands together)*
Mitch, that’s spectacular. The base will go wild. We can stretch the cable news coverage on that for at least three weeks.
**CHUCK SCHUMER**
Alright, let’s map out the timeline. Mike, you tweets about the pickleball ban on Monday morning. I’ll counter-tweet about the AR-15 ban by lunchtime. Nancy, you launch the health security alarm on Tuesday, and Mitch... you deliver your speech whenever you finish getting across the room.
**MITCH MCCONNELL**
I should... be at the microphone... by... Thursday.
**NANCY PELOSI** *(Checking her phone, smiling)*
Excellent. While the media is screaming at each other about AR-15s and Hallmark movies, Nvidia is announcing its new AI microchip. I've got a call to make to my broker.
**MIKE JOHNSON**
God bless America, Nancy.
**CHUCK SCHUMER**
Meeting adjourned, everyone. Go out there and make them hate each other. Our portfolios depend on it.
noharleyyet
Well-known member
westbranch
Well-known member
I have a Series 7 license and all of my accounts are monitored monthly by a broker dealer. I can do options, pretty sure those transactions are monitored daily. And if I set up any sort of new LLC/corp, start any sort of small business or rental property, buy private stock, join a non-profit board, join a private board - I have to notify them ahead of time or I will have issues.
I am not even an employee, just an independent contractor that gets paid for referrals.
We’re close. I have an IB 79 license. I can’t have any derivative accounts along with a bunch of other types of investments. I get questioned hard on RSU accounts. Index funds are my safe zone if I’m self managing. SEC lives in my boxers monitoring my accounts.
Wildabeest
Well-known member
The government’s job is to regulate us, not themselves.
Addicting
Well-known member
Debating taking a 40k loan out of my 401k vs financing an equipment upgrade.
5.9% for 72 months to the bank vs 7.75% for 60 back to ourselves.
Works out to about 8400 each way in interest.
I understand there is compounding and average return rates. It’s kinda betting that the market won’t do as well over the next 5 years for total net worth calculations.
Realistically, just moving 40k into a safer position than the market. Plus, we get a better return than what we would get with a CD over the same time span.
So is this a fools errand if the market continues to grow at this rate? Or a good plan because it’s primed for a bubble burst.
I would also add that this 401k is already in addition to our retirement. We have enough guaranteed monthly to satisfy needs without it. It is purely bonus income if we get to the point to draw it.
5.9% for 72 months to the bank vs 7.75% for 60 back to ourselves.
Works out to about 8400 each way in interest.
I understand there is compounding and average return rates. It’s kinda betting that the market won’t do as well over the next 5 years for total net worth calculations.
Realistically, just moving 40k into a safer position than the market. Plus, we get a better return than what we would get with a CD over the same time span.
So is this a fools errand if the market continues to grow at this rate? Or a good plan because it’s primed for a bubble burst.
I would also add that this 401k is already in addition to our retirement. We have enough guaranteed monthly to satisfy needs without it. It is purely bonus income if we get to the point to draw it.
Last edited:
BuzzH
Well-known member
Hard telling not knowing, you'll find out at the end of the 60-72 months.
In general, I strongly encourage people NOT to borrow against their 401's. There's all kinds of different thoughts, but missing an important year, month, or even day in the market really can make a significant impact on your account balances.
Also, most of the downturns/recessions in the market in my lifetime have been in the 14-20 month range. I don't see a scenario where the market drops for 60-72 months.
I think it's a decision that you'll have to navigate on your set of unique circumstances.
Good luck with your decision.
Addicting
Well-known member
I don’t expect it to take that long to repay it. I’ve always paid thing off in advance. I’ve ran into a deal that saves me about 20k on a machine with only 79 hours on it. Guy decided he wanted a more HP and traded it in. I have been contemplating a new machine with this zero % rate. But at a 20k discount for a essentially new machine is hard to pass.
I’m kinda in a unique situation where at an upcoming unknown date, I will need to file a LLC. There is a VA rehabilitation program I’m in that may or may not approve up to 25k grant. It’s a crapshoot, one requirement is I must own the power unit. They won’t fund anything with title. The current unit I own outright would work but at 4000 hours it’s just a matter of time before it craps the bed. I can wait till I know more but then will miss out on this next to new unit that checks all the boxes.
The VA will do a credit check and get us a bit of help with commercial funding. I don’t really want a hit on my credit report months before they decide to pull it.
Financing with 5.9% isn’t bad and the 401k if left intact will very likely outgrow the 8400 lost in interest.
Guess that is the mental gymnastics I’m deciphering.
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