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tucker

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Posts posted by tucker

  1. On 3/31/2019 at 9:50 AM, Reagan1k said:

    ^^^^all of this..... I will add some things about being a “functional alcoholic” because that’s what I considered myself and thought I could live out my life like that.  

    I was “functional” but that was all I was doing-  functioning yet not really living life.  I was miserable and didn’t know it or wouldn’t admit it. 

    Also,  we typically think of ourselves as functioning at a much higher level than we really are.  Those that interact with us regularly probably wouldn’t agree that we were doing as well as we thought. 

    Finally, alcoholism is a progressive disease and it gets worse, never better if not treated- whether you are drinking or dry. 

    I constantly rewrote my own rules of - “I’ll never” .... as it got worse.  All my lines in the sand regarding how I was “managing” my drinking were erased and redrawn over and over taking me to lower lows over time.  I could not and cannot freeze the disease and maintain a status quo for any length of time.  I always get worse and compromise more and more on what I’m willing to put up with or accept as a condition of continuing to drink. 

    If you’re a hard drinker who can put it down and live happily sober then good on you..... go for it when you life dictates that.  

    If not and you can’t be happy dry or drinking, there is a solution.  

    1234

    I never hit a wall or thought myself an alcoholic until I went to meetings and realized that there are degrees. You don't have to be homeless and unemployed. I had to realize that I was unable to stop drinking once I start. Just shy of 60 days and while I there are times that I miss drinking, I don't regret going completely sober. 

    @Caddox Happy to exchange PMs as I think people who are high functioning only see/hear the alcoholics whose lives were completely destroyed. The better case which I believe I am and have seen at AA meetings are people who stopped before their situation got there.

    • Like 4
  2. 1 hour ago, fwtxbevo said:

    My Longhorn graduate is starting a new job this summer in The Woodlands, and is thinking about living in Conroe as apartments appear to be a little less expensive. That of course means driving I-45 to and from work daily. What is the traffic like for that commute? Hook'em!

    Good area if he wants to bang type country MILFs

  3. 18 hours ago, Updawg said:

    Seems like the app platform has been built though.
    I can see engineering expenses on R&d for future tech. But what they have now seems pretty stable. I guess driver turnover and onboarding is an issue

    Also they are probably spending money lobbying and fighting city ordinance s

    marketing cost. battle with uber to take market share.

  4. 6 minutes ago, tokamak said:

    The way I read the 8-K is that if she sells her shares on the open market, they regain their voting rights. If she sells them any other way, the buyer has to enter into the same agreement with Jeff regarding voting rights (i.e., they have none). I don't understand how this shit works, but #1, is it even possible to sell that huge a chunk on the open market? And #2, why would any institutional investor, etc, be interested in buying that large a stake if it has no voting rights?

    Kinda seems like she got taken to the cleaners to me, given what she appeared to be legally entitled to.

    lots of tech companies have dual class voting rights. institutional investors hate them but have no choice. theoretically, the non-voting rights shares should be discounted but often not in reality.

    you would not sell $36B to the open market. you could sell chunks of millions. but with that large of a stake, many banks will give you loans against your shares so you never really have to sell. 

  5. 9 minutes ago, phdhorn said:

    I'm going through something like this now.  Isn't stepped-up value in play here since they're heirs?  Should be(?)... and should make a huge difference.  It would seem to me that the value of the land should be what it is deemed now, not what it might have been worth when they inherited it, and the capital gains (or losses) based on that much narrower margin.

    My understanding which is limited is that my parents can't claim step-up value as the property was transferred prior to death.

  6. Any way to reduce? Long story short is that my parents received land from their parents prior to death due to mental capacity issues. 

    My parents want to sell the land but don't necessarily need the cash. The cost basis will be ridiculously low as it wasn't reset at time of transfer since it was executed prior to my grandparents death.

    Are there other strategies besides 1031 exchange?

  7. Who is buying?

    Lyft IPO last Friday. Slack is going to list on NASDAQ while Pinterest and Uber are going NYSE.

    Other major ones:

    • Zoom (actually profitable!)
    • Airbnb
    • Postmates
    • Robinhood

    I'd go all in on Airbnb and maybe Pinterest but passing on all others.

  8. Are there any benefits (e.g. Tax) taking on debt for my house remodel? Looking at unsecured loans as we don't have enough equity in the house since we recently purchased. I have enough cash to remodel but wanted to check if I should use debt. 

    Interest rate is probably around 4%-6%.

    The cash would sit in a saving account as part of my rainy day fund. Any excess would just go into the market to save up to buy a rental property. 

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