homer

I finally got around to ordering a Jet's pizza tonight and I really liked it. The Detroit style deep dish is where it's at. It's pan style and cut into rectangles and the edges are caramelized with cheese so you get a nice crispy reward at the end of a slice. I would say it's like a cross between Rocky's and Pizza Hut pan style. I prefer non chain pizza but would definitely do this again if I had a coupon.

I am very interested in blockchain as it apparently has commercial use even if digital currencies don't catch on as actual currencies. I just can't wrap my head around how to explain what it is or does or how it might be useful just yet. Check these two links out this should explain blockchain about as simply as you can. https://www2.deloitte.com/ch/en/pages/strategy-operations/articles/blockchain-explained.html Thank you. I'll check them out.

I am very interested in blockchain as it apparently has commercial use even if digital currencies don't catch on as actual currencies. I just can't wrap my head around how to explain what it is or does or how it might be useful just yet.

I read I think 3 articles on Blockchain in the last few days and I still don't get it.

not true at all. If you look at a calculator that does this, it all is dependent on your tax situation. If your tax rate is the exact same at the time of contributing and when withdrawing, they will result in exactly the same amount of money. However, I think nearly everyone agrees that taxes will not be going down long-term...if anything they may go up. Therefore, it's better to pay the taxes at a lower rate now than later in life at a higher rate. Even beyond that, it's nice to look at the balance in my Roth 403b and know that the balance is what I'll get, whereas the balance in my 403b will lose a chunk to the gov't--that's the emotional/optical aspect. I've done some calculators on this and IF you invest the money you save on taxes by using a traditional 401K you come out ahead (obviously it depends on tax brackets). The problem is not many people do this I'd imagine. I think there's certainly some benefit/comfort to seeing a balance and knowing that's what you'll have when you retire.

RIP Christopher Plummer Best known as Capt Von Trapp in Sound of Music. More recently was Harlan Thrombley in Knives Out. He worked a LOT even into his late 80's.

How do you know that they didn't take positions before they broadcast their intentions on the internet? How do you know that there wasn't backroom conversation offline before they posted or about when to sell? Because they said so? Because it's on Reddit? They certainly don't have to pool their money for it to be illegal. This has been going on since the fall of 2019 and the original poster was talking to almost nobody for the first year. It's not until very recently that this took off. He's held the stock in the face of millions of dollars of daily losses. There isn't a sell signal. I noticed he sold some today to prevent being at a total loss but he's consistently held or purchased. You're reaching here. Yeah they were all making fun of him for owning GME all of 2020. And if this is a pump and dump scheme then so is a hedge fund announcing that they are shorting a stock.

Not necessarily. It's not that dissimilar from other pump and dump schemes orchestrated by private parties who buy a bunch of a cheap stock and then use various media channels to try to get others to buy the stock to get it to go up and then sell. The dividing line typically is whether it is an individual entity or multiple entities, and whether it is a coordinated event among multiple entities. It is legal if it is one entity doing it, or multiple entities doing it independently without knowledge of others doing it. Broadcasting the intentions on any type of media is where it gets into a very gray area because it is no longer a single entity or multiple entities doing it independently. It is not known if the people on Reddit bought the stock before or after they announced their intentions; if it was before, then it is probably not legal. "Investment houses" (let's not generically call them "hedge funds" because hedge funds hedge their bets to take bigger risks but also limit their losses) cannot legally coordinate an effort like this with other investment houses; that's where it becomes illegal because that is market manipulation. What's the difference between two investment houses in a coordinated effort (which is illegal) and 200,000 individuals coordinating an effort on Reddit? Both have the same buying power, and both are attempting to manipulate the market for profit. The other problem is individuals who are buying the stock without access to/knowledge of what is being broadcast on Reddit. If they miss a sell signal from the coordinated effort, then they are the ones left holding the bag. This does not just affect big investment houses; this can also cost individuals (just like every market crash in history). Big losses on one investment lead to selling another... which leads to more losses, and more selling, and that's how crashes start. Also, big investment houses aren't the only ones shorting stocks; individual investors do that too. This wasn't a backroom deal though. That Reddit page was open to anyone and they made very clear to the public what they were doing. There is no coordinated effort for everyone in the Reddit group to sell and they aren't pooling their money.

One nice thing if you go the Roth 401K route is that you can contribute to both the Roth 401K and the Roth IRA. So you get the limited options but larger contributions of the 401K with the flexibility to invest where you want but limited contributions to the IRA.

None of this has to do with how good a company GameStop is or is not. All the stocks that are part of this are weak companies - Koss, Nokia, GameStop are all has beens. It's simply that hedge funds bet a lot of money that their stocks would go down (via Short selling them). Unless GameStop issues more shares it doesn't impact them at all. I believe one of the stocks (might be NAKD?) is doing just that. So sell shares at the inflated price to raise revenue to run the business sort of a thing. There is nothing illegal about what's going on. It is simply a large group of individuals buying a few select stocks to drive the price up so that the hedge funds that shorted them lose a boatload of money (while making bundles themselves assuming they sell before the inevitable crash).

Robinhood has suspended trading on the culprit stocks.

If you go this way, look at Vanguard index funds. They have one to follow the S&P500 - extremely low fees and a simple online interface for managing it. I'll second what homer mentioned... if your company does a match of any sort, you are missing out on free money. That would trump ANY tax level decision. But secondly, you need to reconsider your future tax situation - and I'd recommend talking to a professional in this area. If you are in a higher tax bracket now than you will be in the future, you are better off letting it grow tax-free and pay lower taxes later (noting that the income you would pay in taxes NOW will be growing interest over the years). If your future income is low enough, you won't have ANY taxes to pay later... If you have a tax situation now where you are in a low tax bracket, but will jump later (i.e. high dependents now, none later, expect to have a huge nest egg that will outproduce your current income - putting you in a higher tax bracket), then you are better off in a Roth IRA (and pay taxes now). But the considerations are complicated - thus my recommendation to talk to a professional. I think the other thing to consider is that no one knows what taxes will look like in 20, 30 years. We are in a low tax era right now so it makes sense to shift from 401K to Roth but that doesn't mean it will stay that way. There are probably a lot of people that 20 years ago thought they'd be in a higher tax bracket now and they are not. Everyone's situation is different obviously.

It is all ROTH 401k which is all after tax so taxes when I take it out when I retire will be at a minimum so the match is still there. Ah ok. I max out a Roth and put into my 401K up to the match which is generous where I work.

I never put anything in a 401k that is pre tax to me it is just a dumb idea to pay the taxes later when you will be on a limited budget. Not sure what you mean. Do you put money in a 401K that is after tax? And if you get a company match you should darn well be invested in the 401K. That's free money whether or not it's taxed later on.

I think you lose the pre tax advantage of the 401K....unless you are allowed to take it out pre tax and then invest it elsewhere but I am guessing that's not allowed. Are you maxing out a Roth?

To quote Mortimer from Trading Places, "SELL!! SELL!!! SELL!!!!" $300 as of 5:00 am ... this is just silly. These guys are going to ruin commission-free retail investing for the 99.9% of individualis who do it responsibly. Looks like they're gonna take a few hedge funds down with them. GameStop is over $340 at opening bell.

I don't think the Rocky's people consider it Detroit style but it is similar. it's missing the carmelized crust. some people in the foodie blogs call it Detroit style.

I need to start reading Reddit more often. That stock has gone from under 20 to almost 150 in two weeks. edit: and now it's over 200 in after hours trading

I've never had it but I am willing to try it because I am open-minded about such things.

Detroit style pizza is all the rage! Pizza Hut Launching Detroit Style 'Za. https://www.cnn.com/2021/01/26/business/pizza-hut-detroit-style-launch/index.html

Great news!

I haven't but I don't think it's so different from putting the red pepper flakes on there.

Yeah I just...can't. If I reheat I use the oven.

Anybody ever tried Jet's pizza? It's Detroit style. I've never pulled the trigger because we have a lot of independent options but I'm curious how it is.

There are some solar ETFs you might want to check out.