Technology fan, Linux user, gamer, 3D animation hobbyist

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  • 74 Posts
  • 192 Comments
Joined 1 year ago
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Cake day: July 24th, 2023

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  • That’s a hell of an undertaking. You’ve got a long weekend ahead of you.😁

    I took a peek at the S-4 filing for TMTG and it’s glorious:

    A number of companies that were associated with President Trump have filed for bankruptcy. There can be no assurances that TMTG will not also become bankrupt.

    Entities associated with President Trump have filed for bankruptcy protection. The Trump Taj Mahal, which was built and owned by President Trump, filed for Chapter 11 bankruptcy in 1991. The Trump Plaza, the Trump Castle, and the Plaza Hotel, all owned by President Trump at the time, filed for Chapter 11 bankruptcy in 1992. THCR, which was founded by President Trump in 1995, filed for Chapter 11 bankruptcy in 2004. Trump Entertainment Resorts, Inc., the new name given to Trump Hotels & Casino Resorts after its 2004 bankruptcy, declared bankruptcy in 2009. While all of the foregoing were in different businesses than TMTG, there can be no guarantee that TMTG’s performance will exceed the performance of those entities.

    A number of companies that had license agreements with President Trump have failed. There can be no assurances that TMTG will not also fail.

    Trump Shuttle, Inc., launched by President Trump in 1989, defaulted on its loans in 1990 and ceased to exist by 1992. Trump University, founded by President Trump in 2005, ceased operations in 2011 amid lawsuits and investigations regarding the company’s business practices. Trump Vodka, a brand of vodka produced by Drinks Americas under license from the Trump Organization, was introduced in 2005 and discontinued in 2011. Trump Mortgage, LLC, a financial services company founded by President Trump in 2006, ceased operations in 2007. GoTrump.com, a travel site founded by President Trump in 2006, ceased operations in 2007. Trump Steaks, a brand of steak and other meats founded by President Trump in 2007, discontinued sales two months after its launch. While all these businesses were in different industries than TMTG, there can be no guarantee that TMTG’s performance will exceed the performance of these entities.

    There’s plenty more out there. It doesn’t even mention Trump Mortgage, launched a year before the housing crash.









  • I’ll take the risk. I’m certainly not recommending it for anybody else, just saying it’s what I’m going to do. Worst case scenario, I’ll be in a VA nursing home. But I own a home - it would be cheaper for the VA to send an attendant to me. That’s what they did for my dad and brother.

    Anyway, my dad racked up some pretty hefty bills from hospital visits over his last decade, and the VA paid for almost all of it. We only got billed $500 each for a few ambulance rides. The military isn’t a glamorous job and certainly not for everyone, but that retiree health plan makes a huge difference.

    But the 4th of July is coming up, so that means a few days of staying up till 3am so I’m not startled out of my sleep thinking I’m in a mortar attack, so … there’s that.


  • Sorry for the late reply. I’m collecting a military pension and semi-retired now, so SS isn’t going to make or break me. I’m just thinking it’ll be better to spend it on vacations and fun when I’m 63 vs pills and nursing homes when I’m 70.

    I was fortunate enough to get everything paid off a couple of years ago, so unless I buy another house, I shouldn’t have to worry about debt.

    I guess what I’m saying is that even though it’ll be more money, I don’t think it’ll be much good to me at 70. Also, being single w/ no kids, I’m not trying to leave a bunch of money laying around when I kick the bucket. I’m trying to get as close to zero as I can.




  • Anyone thought about when they’ll apply for Social Security(or whatever you have in your country)? I used to think people were dumb for taking SS early; obviously the longer you wait, the bigger your payment. But lately I’ve started to rethink that. I’ll probably take it right away because:

    1. I don’t know how long I’m going to live: I just hit 50 and I still exercise every morning and try to go jogging occasionally, but that’s getting harder and harder to do. Plus I have this heart murmur my doctor hasn’t figured out yet.

    2. I want to use the money while I can still enjoy it: I never used to pay attention to old people, but as I’m approaching that age, I’ve noticed there can be a sharp drop-off between age 60 and 65 or any given time span. Also, there’s a history of dementia in my family(both parents, brother, and now sister) so I’m on borrowed time.

    3. There’s no telling when SS will become unsustainable. I think the projected date is around 2034 when they’ll have to start making reduced payments, but it’s hard to predict anything that far out. I’m just going to take my money when I can.

    Any thoughts? Anyone out there already drawing SS?




  • At least the article points out that this is a Wall Street valuation, meaning it’s meaningless in reality, the company doesn’t have that much money, nor is it actually worth that much. In reality, Nvidia’s tangible book value (plant, equipment, brands, logos, patents, etc.) is $37,436,000,000.

    $37,436,000,000 / 29,600 employees = $1,264,729.73 per employee

    Which isn’t bad considering the median salary at Nvidia is $266,939 (up 17% from last year).