Everything posted by Archer
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[Discussion] Mass Shooting at Uvalde Elementary School
And there were 21 people killed in ~90 minutes in Uvalde using an AR. My post wasn’t to compare any of the events it was to respond to the comment that there was no need for regulations on bolt action rifles because they aren’t used in mass shooting events except for the one time where one was used for a mass shooting on the UT campus.
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[Discussion] Mass Shooting at Uvalde Elementary School
Umm you sure about that? https://en.m.wikipedia.org/wiki/University_of_Texas_tower_shooting
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Hey Oil Barons.......
I sold my RSUs a couple months ago and missed another 25% run up on one and almost 60% on another. Cost me six figures selling too early; from the risk prospective I know it was the right move but man I’m kicking myself watching the stock just keep going up. I’m still holding all of my other oil companies but they were small positions compared to my RSUs.
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Hey Oil Barons.......
I don’t pay much attention to D&C cost in my new role so I found a couple AFEs on my phone for what appeared to be 2 mile wells and they were $6, there is a chance they were 1.5 mile instead of 2 I didn’t check the entire approval package. I’ll look better tomorrow on my computer. I’d say 2 mile is the standard now, 1 mile is the exception and 3 miles the new experiment. I wouldn’t be surprised if in a couple years 3 miles is the standard, I know we are putting a few in the ground.
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Hey Oil Barons.......
Pretty similar in Delaware 10,000’ TVD and 10,000’ laterals drilling Wolfcamps.
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Hey Oil Barons.......
I wouldn’t be surprised if it’s under $10 mil. 2 miles are costing around $6 mil.
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Car owner sued for vehicle he left at dealership for oil change after one employee runs over other employee with car.
They have deep pockets there just ain’t shit in them because they are always buying Jeep parts.
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Fishing Megathread: Looking For Big Girls Who swallow
Not going back through 23 pages but do we have any kayak fishers? I have an old sit in kayak I take out once in a while for fun but am looking at getting a purpose built fishing kayak to spend more time on the water.
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90s to 10's country music star
I’ve been listening to a Chris Ledoux station on Amazon music, it’s an awesome mix of cowboy music, 90s hits, and red dirt. Lots of the songs here are in rotation on it. Just an FYI. For the OP how about some Confederate Railroad. Have a few tear jerkers and up beat honky tonks for the mix.
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Hey Oil Barons.......
I was heavily disappointed after seeing all my stocks +5-10% in premarket trading only to open negative and go down from there.
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Markets still falling like whoa
What a kick in the dick. Had a stock I’m looking to exit, opened $1 above my exit price but I had canceled my sell order due to Ukraine (O&G). It is current $5.75 under my exit price. Nice big swing to the negative in value.
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Do you FIRE? Financial Independence, Retire Early
A big key for FIRE and ACA subsidies is having a paid off house. Not having to have “income” to make a mortgage payment helps you stay under the ACA cliffs.
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Markets still falling like whoa
I sold a decent chunk of O&G about 9am and immediately bought ITOT and IXUS. Lost about 6% on that trade
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Do you FIRE? Financial Independence, Retire Early
A lot of the FIRE guys I have read will structure their expenses to be low enough to qualify for the max ACA subsidy. I think that’s in the $60-80k range. If you needed/wanted more than that you could build a large cash war chest to supplement what you earn or capital gains. Think $60k of taxable income plus $40k out of savings for $100k spend. This assumes pulling out of a tax deferred account with 100% tax, using a taxable account you’d just be taxed on the gains so you’d be able to get more cash for less “income”.
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Markets still falling like whoa
Me too, I was hoping for a $130 entry. I’ve missed several buys that have taken off that flirted with my entry number but never hit it.
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Markets still falling like whoa
I had a $30k swing on one stock today, went from down $20k mid day to up $10k at close. Can’t say it’s not interesting.
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Markets still falling like whoa
- Back Door Access to a Roth IRA
Another option to avoid big RMDs is to do Roth conversions early in retirement. Say you need $60k to live, you could pull out $81k to top off to 12% bracket and put the extra $21k in a Roth. If you are looking at big income after RMDs kick in it could be worth converting into the 22% bracket.- Back Door Access to a Roth IRA
Variety in retirement accounts is always good so if you have the cash to do a Roth its never a bad idea. Converting your traditional to Roth is a much trickier question. You will have to pay taxes on the amount that you convert i.e. if you convert $100k you will owe taxes on it as income depending on your tax bracket could be up to $37k. The question is do you expect to be in a higher or lower tax bracket in retirement if you expect to be in a lower bracket converting now makes no sense unless you just want diversity to hedge your bets.- Massive fire and explosion at Exxon refinery near Houston
Always liked this one.- Official 2021 Bitch about family/Holiday Insanity
A few weeks ago I found out my dad is in prison when my wife went to verify his address to send a Christmas card…- Beer 2020?! F*ck that sh*t! Beer 2021!
- This is a man. He's over 40. He's a man.
Google maps of 15th and Eastern. Speed limit there should be 35 or 40. I’m not sure what the right punishment is but going 100mph in a residential area and killing a kid on a bicycle probably deserves more than counseling and a deferred sentence.- This is a man. He's over 40. He's a man.
This is not a good look if true…- Official 2021 Bitch about family/Holiday Insanity
This shit annoys me to no end. I will usually leave them in the lobby for an extra 5-10 minutes after the appointment time out of spite. +/- 5 minutes is my acceptable window. My brother is in the show up an hour early club, we have started telling him the event starts 30-60 minutes later than planned. - Back Door Access to a Roth IRA
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