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Business, Economics, and Taxes: Capitalism. Yay? >=(

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My $.02:

1. You do not need a professional to take care of the basics. Don’t pay someone to tell you to pay off your credit cards. That’s like paying a doctor to tell you to lose weight.

2. If your employment is stable enough, max out contribution to your 401k (whatever max means to you), *even* if it means taking on other short term debt like car loans. If you have $1000 and get it in the market at ~8%, you’ll make $80 this year. Adding $1000 to your car loan at 3% only costs $30, so you come out at +$50 for the year. Just putting the $1000 in the car loan would save you the $30 but you missed out on the opportunity to make $80. Tack on company matches (aka free money) and the potential tax advantage (I say potential, because as others pointed out, we really don’t know how 401k withdrawals will be taxed in the future), and it is a no brainer.

3. Only engage a professional once you have enough cash flow to invest a meaningful amount beyond the 401k max contribution ($20,500 for 2022). Until then, just stick 100% into the lowest fee option within your 401k (likely index or target date funds) and invest your *time* in something besides retirement planning.
 
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Regarding Tesla, I still see them as the groceries.com of the EV market. They control the market segment for now as the early provider to the early adopters, but will get crushed in the long run by Kroger.com, Target.com, Walmart.com, etc. (ie Toyota, GM, etc). The business cycle is a lot longer (annual models vs strawberries that spoil in three days), so the “long run” for Tesla to die is naturally longer, but just as inexorable.
 
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LynahFan said:
Regarding Tesla, I still see them as the groceries.com of the EV market. They control the market segment for now as the early provider to the early adopters, but will get crushed in the long run by Kroger.com, Target.com, Walmart.com, etc. (ie Toyota, GM, etc). The business cycle is a lot longer (annual models vs strawberries that spoil in three days), so the “long run” for Tesla to die is naturally longer, but just as inexorable.
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I'd think their best bet is to build up a lot of expertise and knowledge and then play the big guys against each other when they auction themselves off to one of them.
 
Kepler said:
I'd think their best bet is to build up a lot of expertise and knowledge and then play the big guys against each other when they auction themselves off to one of them.
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Tesla will be a division of Fiat Chrysler by 2030.


(Or Musk buys FCA just to disrupt the dealership model globally.)
 
Kepler said:
I'd think their best bet is to build up a lot of expertise and knowledge and then play the big guys against each other when they auction themselves off to one of them.
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Just like my industry. My new management can say all they want about organic growth and not looking for buyers, and that may be true in the near-to-mid future, but until I see otherwise I expect to be working for a major firm again within 5 years via a merger. Same as last time.
 
Did anyone else see the EmptyShelvesBiden trend on Twitter a couple days ago? Bot fueled, almost assuredly, but pretty sure some of the pictures were legit.

The number of times Walmart showed up versus other stores was far more of an indictment on Walmart’s logistics than any overarching national supply chain crisis.
 
Spartanforlife4 said:
Did anyone else see the EmptyShelvesBiden trend on Twitter a couple days ago? Bot fueled, almost assuredly, but pretty sure some of the pictures were legit.

The number of times Walmart showed up versus other stores was far more of an indictment on Walmart’s logistics than any overarching national supply chain crisis.
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It was definitely bot fueled cause it was going strong at like 1am Central. (which would be like 11am Moscow Time or something) I give Right Wing Twitter this, it tries. The problem is the tricks are old and recognizable and they never adapt them. They need to find bots closer to home.

The best was most people were just posting worse pictures of the empty shelves under Trump which is why the hashtag died out.
 
FadeToBlack&Gold said:
A lot of those pics were from areas hammered by recent winter weather.
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Or, in Jim Cramer's case a week ago, he Tweeted a photo of empty shelves from "America's Heartland" (a Dollar General) where you could see plainly was empty because they were setting up a Valentines Candy display.



Or there was one photo going around where the British pound could be seen on the shelf tags. But it claimed to be "in America."
 
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FadeToBlack&Gold said:
A lot of those pics were from areas hammered by recent winter weather.
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One on Fox was actually of Japan during the Fukushima crisis IIRC.

Sure, there are sporadic things that aren't always on the shelves. That's how it's always been. I'm sure there's a named bias or fallacy for this. Once it's been brought to our attention, we see it all the time now. But it's always been there in roughly the same frequency. It's like when you're looking for a new car and you can't remember ever seeing in the past the model you have your eyes on. Now you see it all the time. Who here remembers the last time they saw shelves empty before the pandemic? It absolutely happens but we don't take the time to commit it to memory. It happens every thanksgiving, christmas, super bowl, easter, every change of holiday, 4th of July, etc. Hell, you see a 10 for $10 sale at Cub and all of a sudden that item is impossible to find.

This is all nonsense. When the first major shortages of TP and cleaners hit in March 2020, we became attuned to it. (Edit: Those were very real and not localized.) It might be more frequent now, but only because we've had a massive supply chain disruption the likes of which we've never seen. Now we have a secondary ripple where more people are out sick than we've ever seen. Of course that's going to disrupt shit. And it's literally no one's (direct) fault. Not Biden, not the Dems, not even the GOP. Omicron is the most rapidly spreading communicable disease in history. Since it's also the most monitored, you can literally see the wave hit Atlanta (the US's busiest airport), NY, and DC and it spreads almost overnight to the entire nation. And when it's severe enough to kill people, that's going to lead to disruptions. Schools and factories are seeing 30% attendance because there are so many people sick. Once that mutation happened, there was nothing any mortal could do about it. There are hyperlocal disruptions because the truck driver for Kim Clark got a fever and now the Target in Tomah, WI doesn't have Kleenex so it's national crisis.

Anyways, tl;dr it's not a big deal, it's hyperlocal, and is probably resolved by walking across the street to the store to find their shelves are full.
 
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