Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,054
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Post by Dave on Dec 3, 2020 3:12:47 GMT -8
Good morning. We have a green pre-market this morning at +$0.23 at the moment. So how is this day going to unfold? Intel Has Been Missing an AI Business to Compete With Nvidia. It’s Finally Here.With the introduction of Apple’s M1 chip, my guess is that this announcement from Intel makes Intels efforts obsolete. Again everyone is playing the game of catch-up with Apple. It will be interesting to see how this all plays out.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,054
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Post by Dave on Dec 3, 2020 3:22:21 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,054
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Post by Dave on Dec 3, 2020 3:31:50 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,054
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Post by Dave on Dec 3, 2020 3:44:59 GMT -8
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Dec 3, 2020 6:49:13 GMT -8
The article was a little too sensationalist for my taste. He lost me when he started praising Microsoft. I guess those scars from Windows 3.1 have not quite healed.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Dec 3, 2020 7:13:44 GMT -8
Hmm, I dunno, earn a P/E?
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Post by ped on Dec 3, 2020 7:14:09 GMT -8
Correction: Tim Cook was No. 4 in 2015. Slip of the finger.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,054
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Post by Dave on Dec 3, 2020 11:11:50 GMT -8
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Post by hyci004 on Dec 3, 2020 14:28:09 GMT -8
www.flurry.com/blog/iphone-12-series-launch-review/“This year’s iPhone 12 series captured a combined 1.9% install base during their combined launch weeks, a big jump over each of the last two years. Last year, the iPhone 11 series launch captured 1.2% install base, and two years ago the iPhone XS and XR series captured 1.6%. Impressively, the premium-priced iPhone 12 Pro Max captured nearly 1% of the iPhone install base in its first week, outperforming any other model in our analysis across all three years.”
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Dec 3, 2020 14:33:59 GMT -8
I have hesitated to write this because it could destroy the image some of you may have of me, but despite my best efforts to suppress it, I have a compulsion that will not leave me alone and I am looking for constructive advice. This has been an amazing year financially, bringing us 7 figure increases in net worth, despite my best efforts to lose it all in options. I know that right now, as I type this there are good, hard-working families who are looking at losing the roof over their heads through no fault of their own due to COVID. I would gladly give up some of this windfall if I could just find a way to get it to the right people. Maybe a few months rent, or money for bills, whatever. I do not want to go through a non-profit because in my experience only about 50% of what comes in makes it to the ones in need. I don't want to use something like Craigslist. I tried that in the past, giving away a car, and it is difficult to separate those in need from the scammers. I could do it through the church if I belonged to one, but I do not. Does anyone share this feeling? Did you find a way to reach someone? Please tell me how, before the urge passes. Forgive me if this is not sufficiently Apple related, but if it were not for Apple, I would not have this problem
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SomeJuan
Member
Taking a nap…
Posts: 321
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Post by SomeJuan on Dec 3, 2020 15:42:40 GMT -8
I have hesitated to write this because it could destroy the image some of you may have of me, but despite my best efforts to suppress it, I have a compulsion that will not leave me alone and I am looking for constructive advice. This has been an amazing year financially, bringing us 7 figure increases in net worth, despite my best efforts to lose it all in options. I know that right now, as I type this there are good, hard-working families who are looking at losing the roof over their heads through no fault of their own due to COVID. I would gladly give up some of this windfall if I could just find a way to get it to the right people. Maybe a few months rent, or money for bills, whatever. I do not want to go through a non-profit because in my experience only about 50% of what comes in makes it to the ones in need. I don't want to use something like Craigslist. I tried that in the past, giving away a car, and it is difficult to separate those in need from the scammers. I could do it through the church if I belonged to one, but I do not. Does anyone share this feeling? Did you find a way to reach someone? Please tell me how, before the urge passes. Forgive me if this is not sufficiently Apple related, but if it were not for Apple, I would not have this problem Bud, same blessing here. I have a great community, but there are those that struggle, food banks... and the people they feed. I find this a great way to give to those that need it most, the hungry, and there are many. I have been hungry as a very young man, and i want not others to be.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,054
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Post by Dave on Dec 3, 2020 15:53:36 GMT -8
Well, looks like we had a good close. A spike at the end of price and volume. Could bode for a up day tomorrow.
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Post by BillH on Dec 3, 2020 16:52:54 GMT -8
I have hesitated to write this because it could destroy the image some of you may have of me, but despite my best efforts to suppress it, I have a compulsion that will not leave me alone and I am looking for constructive advice. This has been an amazing year financially, bringing us 7 figure increases in net worth, despite my best efforts to lose it all in options. I know that right now, as I type this there are good, hard-working families who are looking at losing the roof over their heads through no fault of their own due to COVID. I would gladly give up some of this windfall if I could just find a way to get it to the right people. Maybe a few months rent, or money for bills, whatever. I do not want to go through a non-profit because in my experience only about 50% of what comes in makes it to the ones in need. I don't want to use something like Craigslist. I tried that in the past, giving away a car, and it is difficult to separate those in need from the scammers. I could do it through the church if I belonged to one, but I do not. Does anyone share this feeling? Did you find a way to reach someone? Please tell me how, before the urge passes. Forgive me if this is not sufficiently Apple related, but if it were not for Apple, I would not have this problem The Salvation Army is the only place my very conservative father would donate to. I always wondered why so I looked into it a little bit. Fairly low admin costs and you can specify where it's to be used.
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 309
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Post by crispin on Dec 3, 2020 19:04:56 GMT -8
I have hesitated to write this because it could destroy the image some of you may have of me, but despite my best efforts to suppress it, I have a compulsion that will not leave me alone and I am looking for constructive advice. This has been an amazing year financially, bringing us 7 figure increases in net worth, despite my best efforts to lose it all in options. I know that right now, as I type this there are good, hard-working families who are looking at losing the roof over their heads through no fault of their own due to COVID. I would gladly give up some of this windfall if I could just find a way to get it to the right people. Maybe a few months rent, or money for bills, whatever. I do not want to go through a non-profit because in my experience only about 50% of what comes in makes it to the ones in need. I don't want to use something like Craigslist. I tried that in the past, giving away a car, and it is difficult to separate those in need from the scammers. I could do it through the church if I belonged to one, but I do not. Does anyone share this feeling? Did you find a way to reach someone? Please tell me how, before the urge passes. Forgive me if this is not sufficiently Apple related, but if it were not for Apple, I would not have this problem Honestly unless you have friends or family you could help directly, it’s far more efficient to give to charities that have the knowledge and ability to direct resources for maximum impact. There are many well-run charities that do not waste capital on excessive compensation or overhead - sites like Charity Nagivator and others can help find them. Trying to hand out money to strangers is asking for trouble IMHO. Not to mention the thorny tax implications... If you care at all about deducting your charitable giving, I can assure you a registered 501(c)(3) is going to look a lot more convincing to the IRS. On that subject, I’d recommend setting up a Donor Advised Fund. I set one up with Vanguard but there are many to choose from. Basically you transfer for example $100k of Apple shares to the fund, you get the entire amount as a deduction, you tell Vanguard how much and who gets funding, and the principal grows tax free. A fund with $100k can easily sustain thousands in annual giving year after year with minimal impact on the principle. It’s a pretty good system.
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Dec 3, 2020 22:45:28 GMT -8
I have hesitated to write this because it could destroy the image some of you may have of me, but despite my best efforts to suppress it, I have a compulsion that will not leave me alone and I am looking for constructive advice. This has been an amazing year financially, bringing us 7 figure increases in net worth, despite my best efforts to lose it all in options. I know that right now, as I type this there are good, hard-working families who are looking at losing the roof over their heads through no fault of their own due to COVID. I would gladly give up some of this windfall if I could just find a way to get it to the right people. Maybe a few months rent, or money for bills, whatever. I do not want to go through a non-profit because in my experience only about 50% of what comes in makes it to the ones in need. I don't want to use something like Craigslist. I tried that in the past, giving away a car, and it is difficult to separate those in need from the scammers. I could do it through the church if I belonged to one, but I do not. Does anyone share this feeling? Did you find a way to reach someone? Please tell me how, before the urge passes. Forgive me if this is not sufficiently Apple related, but if it were not for Apple, I would not have this problem Honestly unless you have friends or family you could help directly, it’s far more efficient to give to charities that have the knowledge and ability to direct resources for maximum impact. There are many well-run charities that do not waste capital on excessive compensation or overhead - sites like Charity Nagivator and others can help find them. Trying to hand out money to strangers is asking for trouble IMHO. Not to mention the thorny tax implications... If you care at all about deducting your charitable giving, I can assure you a registered 501(c)(3) is going to look a lot more convincing to the IRS. On that subject, I’d recommend setting up a Donor Advised Fund. I set one up with Vanguard but there are many to choose from. Basically you transfer for example $100k of Apple shares to the fund, you get the entire amount as a deduction, you tell Vanguard how much and who gets funding, and the principal grows tax free. A fund with $100k can easily sustain thousands in annual giving year after year with minimal impact on the principle. It’s a pretty good system. Over the last few days I have been looking at setting up a brokerage account for a non-profit I am on so that they can accept stock, or a Donor Advised Fund (DAF) for myself so I can use stock efficiently. On the non-profit side, it's not too difficult. There are places that will accept stock for non-profits and charge a ~2% fee. But it's straightforward enough to set up an account and accept donations without a fee, and without too much time. It's an extra step or two, but they are small steps, and the TDA guy I spoke with said they have thousands of non-profit accounts, including churches. The non-profit I am a part of is in recreation, and is doing ok this year. I won't mention it specifically, as I agree that there are some people and organizations that do good at a more basic level that could use it even more. On the DAF side, I posted some info in Lucky's thread previously. The main 3 that often appear in searches all have about the same minimums and fees, roughly $100/year or .6% (crosses at 16-17k). The big advantage is making one donation to keep track of, and being able to send lots of smaller donations (sometimes as little as $50). One can make the donation all in one year to maximize the deductibility. We may be doing that, putting in what we would look to donate in the future over 3-5 years. I didn't think of crispin's solution, of basically making it an endowment by putting in a larger chunk, and then taking from it at a rate similar to a Safe Withdrawal Rate that should make it continue forever. That's a great choice! FWIW, TDA didn't used to have a DAF option. With combining with Schwab, they are getting there and now have an option. See www.schwabcharitable.org/donor-advised-fund-tdameritradeDAFs do have some negatives. There is the fee, though it is small. There are normally limited investment options unless your account is significant. And they limit who you can donate to, needing an actual 501c3. Some places that you might have donated to and deducted, validly or not, might not be there. Especially smaller things or things that might not pass an IRS audit, whether it's buying raffle tickets from the elementary school, buying magazine subscriptions to support something from the walking salesman, supporting a small local sports team, or whatever. But off of that site they listed the IRS 501c3 search, where you can find valid entities, and even see their tax forms! On the non-profit I am a part of, I'm listed there as a director in their tax forms. In looking at the "Food Bank of Northern Nevada", I can see that they took in nearly $39M in donations in 2019! But, they actually spent more than then took in during both the 2019 and 2018 years, and they are spending most of the money on good stuff. Their "We provide 3 meals for every $1 donation" phrase just always gets me and amazes me. I'm still curious about how they do it, and even with our past fairly minimal donation they invited us to visit them and get a personal tour. I think this year we are going to have to take them up on that, and give them a larger donation. The IRS site is at www.irs.gov/charities-non-profits/tax-exempt-organization-search and the Schwab site gave a few other places to search with on www.schwabcharitable.org/explore-charitiesThere are random gofundme pages like the tear-jerker story of the single mom who now has 12 kids to care for after taking on the 5 from her sister after her sister and husband both passed away from Covid. The page (once linked off of a CNN article) already had substantial donations, along with her church helping out, but you know that others out there are in similar though hopefully not quite as extreme of situations. For me personally, it comes back to the food banks if I can't come up with something else that is better. They seem to do an amazing job. While food is really at the most basic level, it's usefulness is vast and yet also helps avoid or at least limit abuse. That doesn't mean that everything has to be only about the basics, but giving a portion here makes sense. This year we're planning to step up our donations and to let the kids decide a portion of our donations. With the DAF we may choose to wait until the start of the year to make the actual distributions unless there are advantageous reasons to make them sooner, which should help balance things somewhat while still timely getting the money to places that can really use it. Thanks Bud777, for the reminder that many of us have been blessed with terrific gains from AAPL, and that we should consider helping others out with a portion of it. If you prefer to work directly with individuals, I'm sure a local church could help connect you with or facilitate a donation, even with not being part of the church. While we are not part of a church, the nursery school the kids went to was located at one and so we partook in very occasional events, and we had help with moving through a friend's church. They, or one of the local thrift stores, or even one of the local smaller non-profits like the Boys and Girls club or such, should have someone that would be happy to work with you on finding good methods while giving the local connection and avoiding costs or overhead. And again, thanks for reminding everyone to consider helping out. As an Eagle Scout, I believe the phrase was "Do a good turn daily!"
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