Anybody Buying Yet? Where’s the Bottom?

[Addicting]

Before making the decision, I would do this.

Take your expected age at retirement, subtract your current age.

Apply that number to what 40,000 would bring after those years at an annual rate of return you select (something like 8 percent would be what I would use).

Still make sense after that?

The lesson I try to impart here is you should not look at what the money is worth now--but what it will be worth in the future.

I did that. I will be mostly dead by the time she can draw it. Gotta get it before St Peter calls. Lol

All kidding aside we chose the financing route. There was too big of difference assuming a 10% compounded rate.

 

[406dn]

Interesting chart and article from today on Reuters:


View attachment 412049

A proof reading would have made the pie chart more correct. There is a subset of 50-99% and another of 90-99%. Obviously, the subset of 50-99% would hold more stocks than a subset of that group.

The chart does illustrate that the top 10% of wealth holders own almost 90% of the stock wealth in the country.

 

[406dn]

Adding to my last comment, if the top 1% was split into smaller subsets, it would show that the top 0.25% likely holds as much wealth in stocks as the remaining 0.75%.

 

[jryoung]

File under "what a tangled fuggin' web"

So the OBBB removed the $7,500 EV Tax Credit that was overhauled just three years prior with the IRA

The IRA created strict battery production requirements including minimal assembly requirements and finishing needed to occur in the US AND sourcing of materials in the US or those we had free trade agreements with and layering on beginning in 2025, vehicles with critical minerals that were extracted, processed, or recycled by a foreign entity of concern are not eligible (China).....Seems like a good policy to boost critical mineral supply chains and support domestic manufacturing.





Because the Lithium Iron Phosphate supply chain is controlled by China, much of the batteries produced were Nickle Cobalt Maganase, which were more expensive, more volitile and less efficient. Not a good thing.

So when the OBBB wiped away the EV credit, it also removed the foreign entity of concern limitation, opening the doors for Chinese supply chain LFP (not America First), but at the same time cheaper, more efficient and more reliable batterys.

So many layers of complexity get buried under headlines and partisan tropes.