Yes and no. I say get started. You never know where you may go.
*Investors Blog*
- Thread starter Warstud
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If you don't wanna pay taxes don't make any money. I wanna pay more than Gates, Musk, Bezos, Ellison, Page, Zuck, Brin, Huang, etc all put together.
Of course get started investing if there is disposable cash after spending what's needed to live like someone wants to live, or needs to live. Not everyone as a new investor has enough cash to be a significant investor initially. Yes, could make some money starting out slow and keep investing, or could also lose money too if the economy goes full choas and has a huge down turn at some point.
Agreed only a few have significant seed money; I sure didn't. But if you aren't going forward, you are going backward and losing valuable time.
In my case, I wanted a stock plan and options as part of my compensation.
Definitely if someone has a good job that offers stock options, 401K with matching, etc then they should start it ASAP and go for as much of their pay check they can afford to invest. I did that and it made a huge positive for retirement purposes.
Yeah, but that is on a very local level. Maybe more so with the stagnation taking place there. But forget all that.
You post caught my attention because Costco knocked it out of the park for the month of Sept.
Keep in mind they have over 900 warehouse clubs and sales for Sept 2025 over a very good Sept 2024
Anyway, business was up 8% year over year for the quarter.
https://www.marketbeat.com/stocks/NASDAQ/COST/earnings/#google_vignette
WIth that said, I find it impressive that these companies, many of which electronics was and still is a big part of their business continue to show gains. I say that because these items really arent big ticket items anymore. The public can buy 75inch TVs for $500 what used to be big 65 inch even for less. The digital camera business is dead. Audio is dead. I mean, this economy continues to keep humming along on borrowed money. Far exceeding the time frame I thought it could... and why... I learned many years back to stop fighting the market. Its worked out very well for me and my investment method.
I suspect your friend's statement is a consequence of efficiency improvements. That will continue. My wife and I shop a lot
Costco here is always packed. The Sams Club a mile away from Costco is too.Not sure what you are getting at "don't want to pay taxes don't make any money"?
I simply mentioned that the percent of who owns stocks looks similar to the percent that pays income tax, particularly the bottom 50%..
The most recent income tax chart I could find is from 2022
The top 1% paid 40.40% of all taxes paid vs top 1% own 54% of stock wealth
Top 10% paid 72% of all taxes paid vs top 10% own 90% of stock wealth
Top 50% paid 97% of all taxes paid vs top 50% own 99% of stock wealth
I have been in the bottom 50% income tax bracket most of my life, but retired earlier this spring on my 49th birthday, no inheritance, or pension. I knew I wanted to retire early at a young age, so I made it happen. Never had the "victim" mentality. I always was happy for those fortunate enough to be higher income earners, even though I was not one of them. However, lower income earners can still achieve success in the market with time and determination.
JHZR2
Staff member
There are no parking spots at any Costco I go to. Packed all the time, gas lines are long.
Is management taking it out on employees due to inflation and lower profits, or do you have a local demand issue? Or is the insane popularity and long lines resulting in shoppers like me taking money elsewhere? Around here there is sooooo much better pizza and hot dogs than what Costco sells…
I am not sure I would call it, "taking it out on employees". I would all it management. Management is tough. You can make the case management is saving jobs by cutting hours instead of layoffs.
There is no demand issue in Silicon Valley; we are talking about inflation. Your dollar simply does not go as far; prices have never been this high.
Costco's supplier cost increases have to be spread across the business; hence the management decisions.
Big AWS issues. All over fintwit. Good news is AMZN stock is still up. I have some so makes me happy!
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So you don't care Pabby is taking a bath
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I'm doing my thing...
Some hedge fund needed the hood to go out so they could more easily cover their shorts without too much squeeze - a al Wall Street Bets?
Fido is working
Huge AWS issues - my Wordle stats aren’t showing - and it took me three years to earn them. This is a crisis!!
You are subscriber or not?Huge AWS issues - my Wordle stats aren’t showing - and it took me three years to earn them. This is a crisis!!
I had to delete my cookies , etc and log back in (non-sub)
I had it go blotto once on me on streak of 99. That can't be random!!
