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jklein11

903 karma · joined December 2, 2014

[ my public key: https://keybase.io/jeremyklein; my proof: https://keybase.io/jeremyklein/sigs/lKX2zTm1KU60_JLeNtXv2sXHxy-mZKzoAAQze6wrRTA ]

jeremy.joseph.klein@gmail.com

4d89c3

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jklein11··on Ask HN: Would the cloud survive a US Civil war?
This is one clearly American opinion but if there was a credible threat to the current political system of United States of America, be it an internal threat or external threat, there would be global consequences.
jklein11··on Aduhelm and Medicare
Right, but if the FDA's job is to verify the claims made by Biogen then it shouldn't be a surprise that it was approved. Have there been any studies that show that plaque-reducing drugs don't ameliorate Alzheimer's? or is there just no evidence to support it yet?
jklein11··on Aduhelm and Medicare
The way I understand it the claim that Biogen was making was that Aduhelm could reduce the amount of plaque in the brain. The thing that hasn’t been proven yet is the relationship between this plaque and Alzheimers.
jklein11··on Aduhelm and Medicare
Do you have a link to the initial research done by Biogen? It seems to me that ARIA is not all that uncommon in Alzheimer’s patients.
jklein11··on Aduhelm and Medicare
What are the serious potential side effects?
jklein11··on How credit cards make money
Okay - I'll be the one that asks. What does FPTP stand for?
jklein11··on Zillow to stop flipping homes, loses more than $550M, lays off 25% of staff
I'm a little bit confused about what their strategy was. As I understand it, house flippers usually buy houses, do some renovations to add value and then sell in under a year at a higher price. It sounds like Zillow tried to buy homes and hold them until they appreciated? Was there any data that supported that this would be successful?
jklein11··on Ask HN: Do you sleep better by the ocean?
> But that's fine, poor people shouldn't be alive anyway.

I am glad that you are finally speaking sensibly. /s

jklein11··on California is the first state to ban 'stealthing,' nonconsensual condom removal
So you are saying that people who knowingly expose someone to HIV is a big enough voting block for politicians to pander to?
jklein11··on Facebook Apologizes After A.I. Puts “Primates” Label on Video of Black Men
I think they are saying that women are figments of your imagination.
jklein11··on Launch HN: Financial Choice (YC S21) – Checking accounts with market returns
Let me make sure I understand. My broker (in this case Financial Choice) will provide me with a 1099-B with a list of every time I bought or sold a security(this seems like it would be any time a used the checking account). I can then use the 1099 b to figure out what number goes into Schedule D.
jklein11··on Launch HN: Financial Choice (YC S21) – Checking accounts with market returns
I'm probably not your target customer but I see having to manually rebalance my portfolio as a feature not a bug.

I would be very interested if you could find a way to provide me with a short term(net 30 days) low cost(<2%) margin loan. I wouldn't even really mind giving up some price execution (i.e payment for order flow) so you can make money.

jklein11··on Launch HN: Financial Choice (YC S21) – Checking accounts with market returns
Lol! That is one heck of a value proposition:

We can't really help you if we end up losing all of your money... but our page looks way better than the alternative!

jklein11··on Launch HN: Financial Choice (YC S21) – Checking accounts with market returns
I think the tax filer max the ultimate decision on cost basis, not the financial institution.
jklein11··on Launch HN: Financial Choice (YC S21) – Checking accounts with market returns
How is this better than what Charles Schwab already offers? With their Investor's Checking account there is no overdraft fee as long as it is covered by another account(can be a brokerage account.) If I overdraft I can the $$ can be pulled from cash in the brokerage account or margin. The checking account is FDIC insured if I do decided to carry a cash balance. The brokerage is SIPC insured(which I am hoping your offering will be)
jklein11··on Launch HN: Payflow (YC S21) – Allow workers to access their wages instantly
Yeah I get that from a demand perspective. I guess I don't quite get why there isn't more competition from a supply perspective. They are small loans that are secured. Why not offer the cheapest rate and dominate the market? It almost seems like the stigma around paycheck loans as being predatory is making them more expensive.
jklein11··on Launch HN: Payflow (YC S21) – Allow workers to access their wages instantly
Yes I think that is what is most confusing to me about why payday loans are so much more expensive. The creditors are taking on less risk than with credit cards and yet the return is greater.
jklein11··on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank
I think you are reading into my post too much.

I am trying to wrap my head around these rules regarding IRA transactions. I’m certainly not trying to defend Thiel here. Would you mind pointing me to what in my comment lead you to that conclusion?

Also I would be shocked if there aren’t directors at publicly traded companies making under 208,000 and are filing jointly in a single income household.

jklein11··on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank
But then what do they hold in their tax advantaged accounts? Can they not invest in index funds there?
jklein11··on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank
He invested a tax advantaged $2000. If he had invested that $2000 in the S&P 500 in 1995 he would have a tax advantaged $25,000. He would have been out that tax advantaged $25,000 if paypal didn't take off. Instead he decided to make a much longer shot bet and for him it paid off.

I can understand adding legislation that would tax distributions on Roth IRA's for billionaires. Thiel would be fine if he had to pay taxes on that windfall.

I just think that it is a mischaracterization that he isn't paying his fair share of taxes. To me, it doesn't seem like he did anything wrong. He took advantage of a system that is accessible to everyone.

jklein11··on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank
Can you explain how?
jklein11··on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank
Oh that is interesting. This must get very complicated for officers or directors of companies in the S&P 500. Could you not buy index funds that hold shares of the company you work for?
jklein11··on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank
>But if you work for a company <i>owned mostly by your Roth IRA</i>, that's easily abused.

As I understand it, you can't own a company that you(or a relative) own a controlling interest in with your IRA. I can see the sense in this because if own 20% the person(people) who own the other 80% have an incentive to make sure I'm not playing any kind of games with the finances.

In the case of Thiel, it seems like he took $2000 and made a moonshot investment in Paypal. At that point his investment could have just as easily went to $0 as it was to hit $5 billion. He took the risk, why shouldn't he have gotten the reward?

jklein11··on PSA: Do not lend Google Fi phones out to friends without getting their pin
It could be that they reuse those phones for parts. At 1/10th the price I’m sure you could recoup that investment with the screen alone.
jklein11··on Ask HN: I quit my job and my employer won’t take their equipment back
How about this.. you send me the equipment. Tell your company you are sending it to me for storage and they can reach out to me when they are ready to receive it. I’ll charge you $100 for this service.
jklein11··on Ask HN: How would you invest $20k?
I don’t quite see it that I way. I think it is much harder to find 200,000,000 dollars worth of mispriced assets than it is to find 20k. The crumbs that would be a rounding error on 200 mil would be a huge return on 20k
jklein11··on Ask HN: Who is hiring? (June 2021)
I think you posted this in the wrong thread.
jklein11··on Ask HN: Where to Invest Freelance Earnings?
If you have the time and are wiling to put in some effort, I would write a book in the domain you are doing your freelancing in and self publish it(you could even try ghost writers if you want to burn the $$$ and save yourself some time) Then spend the rest of the money on marketing the book. This could bring in some income and also act as a promotional tool for you. 3k isn't a huge amount of money to do this though.
jklein11··on Ask HN: Where to Invest Freelance Earnings?
This seems very squirelly. How would they value the equity stake in a privately held company? Just by assets controlled in the company? What if those assets are illiquid and hard to value? If you use the 3K to invest in the business, shouldn't you be capitalizing those expenses? I truly have no idea how these grants work but might be worth talking to an accountant and/or lawyer about
jklein11··on Launch HN: Thryft (YC W21) – Shopify for Instagram Sellers
I took a look at @abitchforbrandy on instagram and I'm not really following? Why would they use your service over shopify?
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