Hello ThetaGang! I was the idiot who posted about buying BBBY and selling covered calls with $10,000. Note: I’m a very inexperienced trader.
I still went ahead and bought $500 worth of BBBY ($1.06 a share, 471 shares) to just and test out the basics of selling covered calls.
Today I sold 4 calls at the $1 strike. Exp 4/12. Premium was $48. Except I swear I didn’t get the premium? For example:
I own 471 shares. Cost basis $1.06 a share. BBBY is trading at .86 right now. I’m down -$93.40 on my investment, leaving me with $406.60.
I sold 4 contracts for a premium of $48, so shouldn’t my account be at $454.60?
I purposely chose the $1 strike because the $48 in premium would mean even if my shares got called away I would still be in a net profit.
In ottica di diversificazione futura quando il mio net worth sarà più alto mi piacerebbe approfondire l'argomento: quali alternative investments consigliate o con cui avete avuto esperienze?
This is a repost. Welcome to flashback time. Original posts made over the course of 2020 by u/SleepyLi
. Edited for readability. March 15 2020 PSA for folks worried about how they’ll eat during this time
TL;DR at bottom.
This is the first post I’ve ever put up on Reddit, so excuse me if this shit jankey asf, or in the wrong place. A comment I left on someone’s post received some really good feedback, so I figured there would be other folks who might be experiencing a rough time as well, so here I am being proactive.
As we all know, COVID-19 is fucking shit up. Most folks are working from home, but that’s generally for folks working white collar jobs with job security, which a fuckton of NYC heads don’t have. Folks in the service industry don’t get paid if they don’t work, so there’s no “I’m going to WFH and bus my own fucking table” or “Let me make that drink for you bud” in ya own kitchen for ya cat. So money is tight for some of y’all. And I get it. I’ve been in that position before, shit sucks and gurgles donkey dick. So here’s my PSA:
I help run a wholesale/retail meat shop in NYC, specifically the LES, in Chinatown. I’m open, cause how else is everyone going to eat and cook at home? Just as I told someone before, I’ll say the same thing here: $10 will get you something like 13 pounds of chicken drumsticks, plus a dozen eggs. Don’t like drum sticks? Fine, get something else, our prices are lower than your GPA and your parents’ expectations for you. We don’t sell rice, but a 20lb bag of rice runs like $25 bucks in our area and if you ask, I’ll tell you exactly where to go. Our location is:
47 DIVISION STREET GROUND FLOOR NEW YORK, NY 10002
B/D to Grand Street, F to East Broadway
Now you might say some shit like “this is a shameless cash grab, etc.” And you know what my response is to that?
What the fuck are you talking about, and you can suck my fucking ass. I’m not going to get rich making ten bucks off 13 pounds of drumsticks and a dozen eggs (if we even have anymore). This is for folks that are hurting real bad or just plain about to fucking be put out cause $10 is all they have. If I was trying to get rich, being the local pig boy is obviously not the right trade to get into, now is it.
For those that also see this and start scheming on if you can roll up on my spot and try to make me run my pockets for $10: come and find out whether or not you have a first class ticket to meet God, express lane. Or just come and tell me you want to shoot the fair one for fun, I’ll oblige too.
If you have a healthy savings account, please don’t come to my shop at this time. If you’re stocked up and can weather a self quarantine, again, please don’t come to my shop at this time. I’d appreciate the business during a more normal period of time, but as of now, it’s geared towards my fellow NYers who are most at risk due to their economic situation. I have a limited supply of produce and I’d like to give us all a fighting chance.
In this time of great uncertainty and fear, we New Yorkers must stand together and be each other’s keepers. Take care of your folks, your neighbors, each other. We’ve weathered 9/11 together, Superstorm Sandy, shit, the fucking 2016 election, and this too will be something that we will weather and emerge victorious from.
TL;DR: if you’re a poor fuck and worried about how you will eat during COVID-19, come hither you poor child, for I have wares for cheap. But for real, give me $10 and I will feed you for a week.
47 Division Street Ground Floor New York, NY 10002
B/D to Grand Street, F to East Broadway
——————————————————————— Edit: figured it should be said, but for those that might not be aware: because we cater to a low income demographic already, we accept EBT, cash, and debit card. We don’t accept credit. This is what something like 90% of people with rocky income use, so that’s what we’ve gone with.
02Edit: I've been reached out to by a number of people about a possible pay it forward program/scheme/initiative. I thank you and commend ya'll for coming together to help those in need. I'm trying to get in touch with some folks or organization that do grocery shopping/meal prep for the elderly/folks that are most at risk and can't do it themselves. I'd like to use those funds to provide the supplies for cooking and shit at cost. If I can't get in touch with some folks, I'll start a Facebook group/some other jankey shit to better coordinate based on geographical location and have it vertically integrated into the business. Will set up a venmo or something later in the day. Also: we're located in Chinatown, so don't gawk and be surprised if you see shit like chicken feet, pork and beef trotters, and the like. Welcome to eating head to tail.
Thanks for the feedback.
UPDATE- Getting a lot of push back from my wholesalers and suppliers; they're rationing our orders. Everybody is short. Doing my best to get more orders from source, but jesus fuck the prices are being gouged the fuck out rn. Will keep trying to keep everything affordable to everyone.
I created a Venmo. The handle is Sleepyli-LocalPigBoy Avatar should be a pissed off cat.
All transactions will be public. For those that use cash for the pay it forward as the lady with the nice glasses and vans did today, I have a repurposed envelope that I will insert the money in and deduct for orders going out. Trying to do this as legit as possible, with logs of each transaction so mfs don’t come at me like I’m a mega church asking for donations to buy me a jet. Let your poor and broke ass friends know that they don’t need to starve in times like this.
Also: Due to whatever issues are being had further up the supply chain, same as my first update: supplies are getting tight and assholes are beginning to capitalize on it. $10 will no longer get you what was originally offered unfortunately: it’ll get you 7lbs of drumsticks and a dozen eggs now.
Eggs are climbing up and drumsticks are getting fucking stupid. I received two cases today. I ordered 40. They deadass rationing everybody, with jacked prices. I’m sorry, but I’m raising prices to literally break even. My salary is currently on hold cause I can afford it, but others can’t.
Old Venmo has been deleted. New Venmo is: FourSevenDivisionStreetTrading
--- July 22 2020 Cheap Meat
Not sure if this is allowed, but fuck it, we're hurting and desperate times create desperate people who do desperate things.
TL;DR: Local butcher shop with cheap prices. Trying to keep afloat and keep folks fed. Address at bottom.
Sup ya'll, it's your favorite local meat boy (for those that don’t get it, here's my first post: original NYC meat boy post
Despite COVID cases in NYC having dropped a fair amount, a lot of businesses that have opened up aren't doing so hot, and still some are not going to open up ever again. While there's unemployment insurance for individuals, there really isn't much for small local businesses. I also know that the pandemic boost for UI is about to run out end of month, so if you're sweating about how you're going to eat, I got you.
Most of America's economy began to feel the effects of The Rona around March of this year, but businesses located in Chinatown were fucked as early as January. America's reporting on COVID centered around China being the bad guy, which trends to loop all Asian Americans as "others" and "not really American." Chinese businesses tanked and hate crimes shot up. People within the community began their own self-imposed quarantine due to increased fear of being caught slacking by some racist fuckstick. Then came the formal lock down in March, which really flipped us over, bent us over the couch for good leverage, and fucked us deep and hard. At the time of 14JUNE2020, less than half of Chinatown's restaurants are open, and less than a third of total businesses are open (Bloomberg article supporting claim
). Most funds meant as relief for small businesses got snagged by large corporations. And now all the SMEs are floundering. As of now, the end of July, still less than a third of Chinatown businesses have opened up, especially since most of them couldn't apply for any assistance due to language barriers.
So again, here I am peddling my wares. I also have $9.75 left from someone that wanted to pay it forward earlier in the year for what it’s worth.
We’re a small local meat shop. A butcher shop. A boutique culinary protein throwback to simpler times. Whatever the fuck you want to call it. We sell meat. You get the idea. Our prices are real fucking low. Lower than your self esteem. Lower than what your parents think of you. And that’s a good thing. Cause you like cheap things, you cheap fuck. Save all the money you can. While I can’t guarantee that we’re the cheapest you’ve ever seen, I can guarantee that we’ll be top five in cheapest prices in NYC.
What do you want? Cause more likely than not, we got that shit.
POULTRY. We got all kinds of birds. Chicken, silkies, qual, squab, duck, goose, stewing hens. Fuck you want? Still debating on whether drums or mid’s are better with your friends? Fuck around and cop a pound of each for under $5 per person: mid-wings are $3.89 a pound, drums are back to $.69/lb. Want more meat? Fine. A whole ass chicken leg and thigh, $.89/lb. You fuck with feet? It’s 2020, more power to you my guy. Chicken feet stands at $1.69/lb, duck feet at $1.49/lb. You into titties? Of course you're into titties: chicken breast coming in hot at $4.95 for a 2.2lb net weight bag. Into retirees and GILFs? All you Jack Black: Stewing Hens are two for $5.95. Haven’t gotten neck and head in a hot minute cause of COVID, or your Tinder and Hinge profile is just that basura? Say less: duck heads and necks at $1.39/lb. Into spawn kill? My guy: we got a dozen eggs for $2.95, 30 pack for $6.50. Duck eggs, six for $3.95.
PORK. My man, let me tell you something. You fuck with pork chops? Even if you don't, for $2.39/lb, you fuck with pork chops. We got tenderloins for $3.19/lb. Bones for stock? $.99/lb. Let me guess, you miss eating authentic char siu over rice with the sauce from Chinatown. At $2.69/lb for char siu meat, you can afford to fuck up three times and still come out ahead instead of buying it from a restaurant. Since it's getting hot, you're going to want to throw BBQs, right? Hopefully they're socially distanced, everyone is responsible and wearing a mask, and all you motherfuckers got COVID tested prior. Got you some ribs for $2.89 a pound. You want some of them dim sum ribs? Them itty bitty, little tiny cuts of ribs? Small just like your feelings when your ex left you? $3.59 a pound. You been going through a rough time and need an ear to listen to you. $3.39/lb for pig ears buddy, say more. If you been fucking with feet and chicken and duck feet don't cut it, do it like J. Cole "so big it's like a foot is in yo' mouth" cause I got pre-cut pig trotters for $1.49 a pound. Oh, you deadass want the whole foot in your mouth? Weird, but we're being open-minded here: whole uncut pig trotters at $1.79/lb.
BEEF. Let me guess: you haven't gotten enough foul language from this post and need a better tongue lashing? You filthy, sick, sorry, piece of shit. Beef tongues will run you $6.99 a pound. Or you want to boss up, but instead of being bad and boujee, you've been sad and boujee cause of COVID. Well, fear not, cause with femur bones at $1.95/lb, you can split them right down the fucking middle to get to that sweet, sweet, succulent marrow and feel like you're out brunching, spending $80 you don't have for a meal you can't afford to flex on hoes you couldn't really give less of a shit about. What's that? Pig trotters don't cut it? You trying to deepthroat the shit? I mean, do mama proud I guess. I got beef trotters/feet at $1.89 a pound. I mean, with skills like that, why you even buying from me? You belong on the yacht of some old rich man. But do you. Oh what's that? Your girl says your stroke game shit and you falling short of getting up in her guts? No fix for that, sorry, but you can cop honeycomb tripe or stomach at $3.39 a pound and know for a fact you can absolutely beat the ever living fuck out of these guts. You trying to fuck with flank steaks? $7.45 my guy. New York Strip? $8.99. T-Bone? $7.99. My bone? Ten camels. Where my Jamaicans at? Waa gwaan? I know oxtail is AT LEAST $6.75/lb where you’re at. We have them on deck for $5.99/lb.
Or maybe you’re a rapper. You’re on SoundCloud pushing music and living out your mama’s crib. No shame, it’s rough out here King. Want to know how to really blow up? What did Eminem call himself in 8 Mile? That’s right, B-Rabbit. And you know what I got? Rabbit for $4.69 a pound. You are what you eat man. I’m not saying that eating rabbit will immediately blow your rap career the fuck up and give you the lyrical genius of Eminem, but I’m not saying it won’t either. For less than $5 a pound, you really gonna chance it? What if the other rappers cop it and you don’t and they blow up? Don’t get left behind my guy. You a King and King’s gotta do what they don’t want to do sometimes for the betterment of the folks. And the folks want to hear your music.
Or maybe rabbit not your thing. You right, it’s too lean and lacks fat. Eat too much rabbit and nothing else and you’ll starve your body of fat. So how about goat? You want to be the GOAT, don’t you? Reddit’s even got a badge for it. If you want to be the Goat, guess what you gotta do? That’s fucking right, you are what you eat and here I am, your fucking pusher man for goat.
You're fancy and trying to be boujee. Let me guess: lamb? Say less, I got you that bonjour hon hon hon rack of of lamb chops. Want a quarter of lamb? Got that too. All you gotta do is ask.
I'm not going to really keep going down the list. You get the idea. I work at a fucking meat shop, I'm going to sell meat. I sell wholesale to restaurants and retail to walk-in folks. It's a pretty simple fucking concept. Is our meat fresh? As fresh as, if not more so, than any large chain due to constant turn over on wholesale side.
Why are our prices so low? Because we're a small mom-and-pop brick and mortar shop. We're located in Chinatown. Ever heard of FUBU? Same concept: we're built by Chinese immigrants, for Chinese immigrants. Unfortunately, the Chinese population in NYC is one of, if not THE poorest communities we have. Raising prices will price out the community and jack the reason why we're even here: to feed the community. This also means that our margins are fucked, but we're making it work. Yes, we look janky asf. I know, we're not "modern" and our aesthetic looks like some tossed together shit from the 60's. Shit, our band saw is from the 80's. But we're clean, we're sanitary, we pass all health standards and inspections, and we're doing our fucking best. We're literally the definition of "no frills." To hear some say it, we'd be considered ghetto. I prefer the term resourceful, so fuck you.
Because we're local and serve local, we only accept cash, EBT, SNAP, and debit. We don't do credit. Venmo is u/FourSevenDivisionStreetTrading
. PSA as the last one: if you think you can roll up to squeeze us, find out if you're a better shot than I am. Not my job to judge your life choices, but I will send you to someone who will.
I'm the only person here that is fluent in English, so unless you're feeling real brave about pointing at shit and figuring it out, you speak a dialect, know how to read Chinese, or know what cut you're looking for, come on Tuesday and Thursday afternoons (02:00pm - 06:30pm) since that's when I'm directly on the floor. If you're a restaurant and you're looking to keep overhead low, PM me, I'll work something out with you.
Our location is: 47 Division Street Ground Floor New York, NY 10002 B/D to Grand Street, F to East Broadway
Our hours are: Monday - Saturday 0800am - 0630pm
23JUL2020 0323AM Edit: Added beef and lamb, added venmo acc, schedule and times.
25JUL2020 0015AM Edit: Changed schedule to add in Saturday.
--- Oct 11 2020 Cheap Meat Guy Scammed the Fuck Out Ya'll
Title says it all.
TL;DR: if you the free food and meals provided by the city conflict with your diet, etc, send me a PM with the title Groceries, \insert borough, insert neighborhood\
** and I’ll hook you up with some meat.
Context, second post: https://www.reddit.com/nyc/comments/hvxiku/cheap_meat/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
I, Cheap Meat Guy, scammed the fuck out you all. I have hoodwinked a great many of you, in a slightly more elaborate and grandiose "Let me hold a dollar" or the "You listen to music?" scheme. I appreciate my vacation, paid for courtesy of ya'll. I am currently in Mar del Plata, Argentina, enjoying my delicious alcoholic beverages and tiny little triangle cut Ojo de Bife sandwiches. I am in nothing but a bright neon yellow 3M reflective speedo with a 24k gold chain around my neck. Bruno Mars’ 24K Magic
are playing in the background and I am fucking feeling myself. I have never felt more opulent or lavish. 2020 has been a rough year. I deserve this.
So no fucking shit, obviously I didn't scam you all. Many of ya'll have seen my face. I'm not trying to get caught slacking one day and get hit with a "Yo, you cheap meats?" and get rocked by fifteen people wielding massive frozen pork chops and Iberian hams, followed by me on the floor looking real bad, only to eat a bunch of fucking Timbs. But I just wanted to announce something. Also: my fault for not responding to all the messages and comments and shit; I’ve been working around the clock and getting fucking spanked by the work load. Being the only person who has some type of command of the English language means, you guessed it, I’m doing all the shit that’s in English. All the shit that’s done with computers. Working the floor, cutting the meat, prepping the orders, moving all the damn boxes. You see the dudes pushing handtrucks in Chinatown with boxes of shit on it? Come to Chinatown early enough and you’ll catch me being one of those dudes. See that ugly ass truck on google maps when you look us up? Come early enough and you’ll see me loading that truck. I’m more stressed than Ted Cruz trying to mack on a pornstar over twitter, gaining a fuck ton of weight cause I’m drinking and eating like shit, and just over all a piece of shit. My b. Here's the run down:
First off, on the real, what the fuck. Second of all, what, and I can't stress this enough, the absolute fuck.
All you salty shits raised some serious
fucking bank. My phone went off often and frequently enough the first few days from Venmo notifications that if I wanted to, I could have used it as a damn vibrator on my balls. For OPSEC, I’m not going to disclose exactly how much was Venmo’d, but just know that for a minute I felt like I would be able to treat myself to some Starbucks while Tyga’s Rack City
played in the background, so you know
that’s money. But all you fuckers Venmo'd me bank WITHOUT KNOWING WHO THE FUCK I AM OR BUYING ANYTHING,
which blows my mind*.* Me, some random guy who curses a lot and talks shit like I'm a 6'17" guy who wears cooked to hell black high top AF1's and got two pistols by my side. Some of ya'll have met and seen me and know for a fact that I am most definitely not
6' fucking anything. Makes me feel as though I should start an OnlyFan's or Premium Snapchat. But seriously, what the fuck. For those that are willing to do the math, it was over twenty million Schrute Bucks.
There were a couple donations that stated they were there to keep the business open, to be shared among the employees, or for me to treat myself. An executive decision was made: every single dollar that we received (aside from those that were used for retail purchases) will be spent on those that need aid the most. While we as a business are hurting, there are still those that are less fortunate than us.
First and foremost, the City has done an amazing job in providing for folks. If you’re hurting and straight broke with no cultural, dietary, or any other limitations/restrictions, peep these sites for food security: https://dsny.maps.arcgis.com/apps/webappvieweindex.html?id=35901167a9d84fb0a2e0672d344f176f https://www.google.com/maps/d0/viewer?mid=1uVjjVxXfLFU4R6V7qjXXRoxCy-IwfMSP&ll=40.711199875063635%2C-73.99326878216021&z=15
Shits is free. No questions asked, take as much as you want. If you broke and you not taking advantage of this, you got some problems my guy. Extreme intelligence not being one of them.
Having said the above, I’ve tried the meals myself and I believe they are not as culturally sensitive as they should be in a city that is as culturally and ethnically diverse as we are, and particularly suck ass if you’re lactose intolerant, as most Asian seniors are. Shitting your brains out at any age is not pleasant, and I’m going to assume that doing so when you’re 70-plus with a weak pelvic floor is doubly more so. I'm currently working with a few local organizations that cater specifically to seniors within the Asian community (26% of the Asian community in NYC live at or below the poverty level, with the percentage being higher when we focus on seniors) who provide either free meals, groceries, or both for them. I think having the option to cook their own meals provides them with some semblance of normalcy, independence, and most of all, dignity.
So on some real shit: thank you all. A lot of the funds have already been used, but because the funds were raised from Reddit, I believe it's only fair that I give back to the reddit community, so I saved some with this in mind specifically.
I am aiming to provide 70 households from Reddit within NYC with the options of:
- Ten lbs of drumsticks
- Eight lbs of quarter chicken legs or
- Six and a half lbs of drum sticks with a dozen eggs
However, because we’re already understaffed and over worked, it’s not entirely feasible for us to pack/deliver the groceries on our own. I’m also not going to have folks come pick up and congregate at the business due to lack of physical space. I also know for a fact,
as per Murphy’s Law, that if I had you guys come and pick it up, there’s going to be some dick head buying a bunch of shit and about to pay, pulls out a stack of hundreds or something, and when I hand over a bag of groceries without asking for payment, said dickhead with the racks are going to ask me about it and then demand that I comp their shit. I’m not trying to do or go through all that. So I’m asking that a couple of Redditors with the means come and pick up the bulk orders, however many of which type that will be, and prepare and segregate the orders off premise. Logistically, this means:
- Someone with a vehicle to accommodate and transport
- 700lbs of drums, or
- 560lbs of quarter chicken legs, or
- 455lbs of drums and 70 dozen eggs, or
- Most likely some combination of all three
- A clean space/location to prepare these orders, ideally commercial - Folks who have a food handling certificate to prepare the orders - Someone/s with a vehicle to accommodate and deliver the orders to whoever needs them
Did I just ask for free labor? Yes, I did. Because choosingbeggars
. But yo, the fucking groceries are for free. I’m trying to give back to Redditors in NYC and I’m hoping that some folks will step up and do the thing Zhu Li. Like I said, we’re a little pressed on personnel. Given that we’re still dealing with Rona, those that are willing to help out with this task will be given face masks.
So what’s the criteria for you to receive these groceries? Someone that is sensitive or unable to consume the free food provided by the city, whether it be conflicting with them culturally/religiously/whereverthefuckly. I know families with kids currently enrolled in NYC Public schools get $420/child in assistance via P-EBT, but if that’s not enough, I’m your guy. Also, if you have a child enrolled in public school and you don’t know what I’m talking about with the $420, I highly suggest you sign the fuck up for P-EBT: https://otda.ny.gov/SNAP-COVID-19/Frequently-Asked-Questions-Pandemic-EBT.asp
However, the ideal
candidate would be someone or a family/household that don’t qualify for any
assistance. The elderly come to mind, where many rely solely on their social security to get by, as well as immigrants who don’t speak English and rely on their children to translate shit for them and don't qual for benefits, or immigrants who don’t have children and are just hustling like fuck to make it happen on their own. I’m mostly thinking of communities historically disenfranchised, but it’s really a free for all. At the end of the day, this shit is honor code, so no one is going to check your finances. If you decided to be a dickhead and finesse this, it’s on you to explain to your maker why you literally took food out the hands of those who are less fortunate. I will also hope you get drop kicked in the kidneys by a Kangaroo spontaneously the one time you decide to hang out in Central Park. And that at some point, you fall asleep on the MTA and some hobo jerks off and nuts on you, catching you square on the forehead. Better yet, I hope it happens on your morning commute to work, on a Monday, so your whole week fucked. Take a power nap at 0830 in the morning, wake up at 0834 cause a bum busted on your forehead, slightly to the left and right above your eyebrow so it drips onto your eyelashes and grazes your lips as it drips down. The day ain’t even start yet and it’s already fucked up and completely gone, and now you got a bum bump developing for the rest of the week. All that for ten pounds of chicken drums. Talk about a shit ROI. wallstreebets
If you trying to get the groceries, send me a PM with the title Groceries, option, \insert borough, insert neighborhood\
If you’re a MVP and trying to help me out with the pick up, splitting and bagging, delivering, etc, PM with the title Grocery Help, DriveLocation/Food handling
(choose whatever role you can fulfill)
I would like to continue being able to do this, so shameless plug: our venmo is still the same and hasn’t changed u/FourSevenDivisionStreetTrading
Oh! And we started an IG acc! Again, shameless plug: 47_division_st_trading_inc
So yea, that’s about it ya’ll.
Keep it real, be good to each other, be nice to your parents, your neighbors, give you pets extra scritches, and most of all, be kind to yourself if you going through it, cause for real, 2020 is really blowing ours.
Edit: added a TL;DR, IG handle, context with link to second post Oct 20 2020 Free Groceries for Those in Need
Context: Initial post that was fueled by scotch and sleep deprivation
New post that isn't fueled as much
with scotch and sleep deprivation as the previous, so should be a bit more coherent and easier to understand.
No TL;DR cause fuck you. I'm giving out free fucking groceries. Read the fucking post.
I put up a post and surprisingly didn't receive any
PMs requesting groceries, so here I am again.
I am aiming to provide 70 households from Reddit within NYC with the options of:
A) Ten lbs. of drumsticks B) Eight lbs. of quarter chicken legs or
C) Six and a half lbs. of drum sticks with a dozen eggs
Ideal candidates are those that are unable to eat the free food provided by the city due to food sensitivity, conflicts of religion, culture, health reasons, etc.1 This is aimed to help those that are seriously in need of assistance, with a heavy preference given to the elderly, young students, immigrants, folks that don't quality for any or limited assistance, etc. Communities that have historically been disfranchised, you get the idea. Families that have children enrolled in NYC public schools should be receiving $420/child/month for food2. If the aid is still not enough, I'm your guy. While this is geared towards Redditors, if you know someone that isn't on Reddit but is also really struggling, shoot me a PM with their info. This is going by honor code for everyone, so square up with your maker on your own time.
If you're trying to get groceries, send me a PM with the title "Groceries, insert borough, insert neighborhood, insert which option"
In order for this to work, I'm going to ask for some assistance from the Reddit community. Due to the limited space of our shop, I am not going to have folks congregate at the business trying to pick up their orders. That being said, I need a couple of Redditors with the means come and pick up the bulk orders, however many of which type that will be, and prepare and segregate the orders off premise. Logistically, this means:
- Someone/s with a vehicle to accommodate and transport o 700lbs of drums, or
o 560lbs of quarter chicken legs, or
o 455lbs of drums and 70 dozen eggs, or
o Most likely
some combination of all three - A clean space/location to prepare these orders, ideally commercial - Folks who have a food handling certificate to prepare the orders - Someone/s with a vehicle to accommodate and deliver the orders to whoever needs them
I am asking for volunteers and free labor because I'm broke as shit and I'm unable to make this happen on my own, within my own means, otherwise I wouldn't be asking for assistance in the first place. Volunteers will be provided face masks.
If you’re a MVP and trying to help me out with the pick up, splitting and bagging, delivering, etc., PM with the title Grocery Help, DriveLocation/Food handling
(choose whatever role you can fulfill)
I would like to continue being able to do this, so shameless plug: our Venmo is still the same and hasn’t changed @ FourSevenDivisionStreetTrading.
We also now have an IG: 47_Division_Street_Trading_Inc
- Free food provided by the city:
For those that give a shit: decided to write this a bit more carefully and not off the cuff as I'm apparently known for because I think it helps to not distract from the actual content. Also cause couple of commenters called me a meth head due to the way I write, which I can't have cause I'm still in the military. Would love to meet privately with said commenters though.
seems to be still around reddit being legendary.
I had a million dollar year, my business did 1.5 MM this year, and I wanted to reinvest it, looking for some feedback from the hive mind.
I am 35.
I’m setting aside 35% for tax. I’ll probably put it into 12 month CD’s or similar.
We have 2 rentals at 3.5%, with about 20-25% equity. Our primary is around 2.5% with around 20-25% equity. Not touching those. Portfolio worth about 1MM. Adding 500k vacation house. (See below).
Pay myself six figures as an s corp, I think 7 figures is an anomaly but 300-400k a year should be doable.
My wife is winding down her business after 10 years, and is going to be a full time mom ti our baby, and we want 1 (2 if you ask me) more. This is relevant to the plan.
We are taking 500k and buying a waterfront property, and adding value. We will then refinance and set aside operating capital. My wife will run this as a full time real estate professional and as her job.
I should have cash in the deal around 187500 after furniture, refi, operating capital, and upgrades.
I’ll be opening a brokerage for my kid to gift her the max. I’ll set aside 165k for BRRR projects. I’ll set aside 25k cash for our savings. 5k to my IUL policy per year. 200k back into the business for ads, hiring 2 employees, and expenses (currently 25k per month in OH and around 40k a month in revenue when I remove my two largest windfalls, the 25k includes my salary). My old 401k and brokerage have about 100k total. Well put the rest in mutual funds via college account, sep ira, brokerage etc.,
So all in all, 1.3MM net worth with 35% REI 35% in the market 30% operating capital and cash (for more REI.
I am a lawyer, and I have a tax background, so we are, of course, trying to take advantage of tax advantaged investments such as HSA, SEP IRAs etc.,
Just looking for feedback.
I realize the Airbnb is probably kind of silly, but this has been a dream of mine for like 20 years and I don’t want to wait till I’m old. I want to create memories with the family. wife is becoming full time real estate pro so we can use depreciation and not be phased out. We also just really want this lake house. I can’t explain it, it’s been more than a dream, an obsession, since I was a boy. Looking to spend time with my friends and family by the water. It’s seriously the only thing in life I’ve ever said I’d do if I made money. I don’t care for fancy cars or clothes.