Eyepatch McCain spiraling hard on X last night. I love watching the RINOs self-destruct
(media.greatawakening.win)
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Much as I love catturd and can’t stand McCrenshaw, $313,000 is not precisely a huge sum when it comes to investments for a 40 year old.
https://www.marketbeat.com/congress-stock-trades/profiles/dan-crenshaw/
Are his investments elsewhere?
https://www.thisnation.com/politics/people/dan-crenshaw-net-worth-bio/
Looks like his net worth is 1.4-2.1 million, which is very good for 40, but certainly not unreachable, especially with a “bestseller book deal” (red flag).
https://crix11.org/dan-crenshaw-net-worth
Nothing unusual on the real estate, but what’s this Delaware Trust? Anyhow, sorry to defend Patches, but truth is truth, and he doesn’t look overly suspicious financially.
So you think $313,000 profit on 33 stock trades in one year is a normal thing for a non financial 40 year old worker to do in his spare time? Pretty good for an amateur. Even discounting his “insider” trading, his voting record sucks and is enough reason to dislike eyepatch.
Not to defend him, but he may have a good broker. He probably gives him good tips and the trader makes the gains for him. He doesn't have Pelosi money. Money makes money. Give him another 10 years in Congress to get in on the big deals. That's how it works.
Then you have to look at the variables - is that his stock holdings? Not cash. Is it his 401K - can't touch this. What are his debts? What other tangible things does he own?
I was worth 23MM on paper at 32 years old. I was unable to realize my gains. It's those at the top that need the big scrutiny. He was just going along to make the big coin by learning from the best.
That said, I think he is a traitor, not a trader, and needs to meet the same fate as Cheney.
We definitely agree on the traitor part. We don’t need politicians like him.
Not one year. He’s been in Congress for 6 years. With how many small positions he has, 33 trades doesn’t stick out (other than being “33”), especially if it’s managed for him by a broker. The $315K is not his profit, it’s his positions.
His voting record does suck, his public trades just don’t seem to have any big warning flags.
investments in kiddy porn and body parts are not yet public knowledge.
Haven’t heard anything about either of those. Are those claims certain?
Where you have no evidence, but plenty of prejudice, the imagination fills in everything.
This whole comment stream, for my part, is about evidence over prejudice, because I do not like Crenshaw, from what I hear/know of him.
Maybe he himself is an op, too, but from what I’ve seen of his voting record, and many of his statements, he sucks. I haven’t seen any evidence of criminality or any solid insight into why he does any of it, though.
And since I wanna get the taste out of my mouth for defending him for 10 comments in a row…
https://files.catbox.moe/cjjbw1.jpeg
Funny I don't gave one fourth of this.
Probably most don’t, especially right now. but it’s still not unusual for 40+.
Saving $2,000 a month from age 22 to 42 while getting 7% returns puts net worth at $1,000,000. The recent inflation has made it hard, but it used to be pretty doable to save $2000 a month on a $55-70K salary (spend under $2000/mo) - especially with good 401K matching.
Good investment companies typically return well over 7%, too, often in the 15% range. At 15% returns, just $1000 a month over that same 20 years results in $1.4m.
https://bankrate.com/banking/savings/save-million-calculator
Let’s please stop making me defend Patches by moving on to something he’s actually guilty of. I’d much rather post my anti-Patches memes.
It seems pretty unrealistic though to only have $2K in monthly expenses unless you are living with a family member or are renting a bedroom in a seedy part of town. My city is one of the more affordable COL major cities in the US (nothing like NYC or LA prices) and even then you can’t get a rundown roach-infested 1bd apartment in the worst neighborhood for under $850. What’s crazy is that the prices in my smaller hometown in a flyover state are easily twice that of this city, and with very few career opportunities.
Ten years ago, it was very possible to do exactly what I said, and I know many people that did do it, but I can understand it being extremely difficult to do it right now.
Point being, that it’s hard right now does not prove that Crenshaw broke the law on his trading as evidenced by having $315K in his account. While many people wish they had that much right now, it’s really not out of reach, historically, and as also was noted, it can be achieved with just $1k a month savings as well, with higher return rates.
He is dirty.
Sauce, man. Sauce.
Delaware Statutory Trust is a legal entity, similar to a corporation or LLC. Most likely, used for investments and/or collection of royalties. Could be used for a lot of things, and could be a very sophisticated financial setup, but I doubt it in his case.
https://www.re-transition.com/investing-delaware-statutory-trust/
RE Holdings Trust - from what I can gather.