Forum Replies Created
-
AuthorPosts
-
CoronitaParticipant[quote=deadzone][quote=Coronita]AMD crushed earnings..
No surprise there.
https://finance.yahoo.com/news/amd-delivers-upbeat-forecast-sells-202842121.html
[quote]
AMD predicted second-quarter sales on Tuesday of roughly $6.5 billion, compared with an average analyst estimate of $6.03 billion. That helped the shares up as much as 8.3% in late trading.The outlook helped allay concerns that the chip market is slowing — and signaled that AMD is making further gains on Intel Corp. The company, which for years lagged far behind Intel in computer processors, is on pace to end 2022 with almost four times as much revenue as in 2019. New products and better execution have helped AMD win over customers who were once skeptical about its capabilities.
AMD’s outlook contrasts with a recent forecast from Intel, which was hurt by an accumulation of inventory at some of its PC customers. The return of Covid-related lockdowns in parts of China also has squeezed the supply of components needed to complete devices, Intel said. Other chipmakers, such as Texas Instruments Inc., have said those disruptions are hurting growth as well.
AMD’s forecast includes a boost from its acquisition of Xilinx Inc., a deal it completed in the first quarter.
“Each of our businesses grew by a significant double-digit percentage year-over-year,” AMD Chief Executive Officer Lisa Su said in a statement. Growth of the existing business and the Xilinx acquisition have both contributed to stronger full-year expectations, she said.
[/quote][/quote]So are you putting more money into AMD or similar stocks at this point? Sounds like a screaming deal right?[/quote]
No, because I still have a few shares that I bought around $12…if I held on to all of those and the ones that I bought under $3, it would have bought a heck of a lot more rental properties even at today’s prices.
That was another example of an opportunity of a lifetime since most people wrote them off for bankruptcy before Dr. Lisa took over But I was happy selling some at $25, then really happy at $50 and then really disappointed that sell half strategy each time sort of didn’t work that well when it went over $100, since I didn’t have as many shares…. But as the saying goes, better realize a smaller capital gains than realize a larger capital loss carryover.
Again, you’re really fixated on one hit wonders, while I think most of us are just mostly doing DRIP style regular investments into index funds ….. That’s what I’m doing right now even this day bimonthly contributions to index funds… Take the guesswork out of trying to always be right and in the end falling behind my peers …over the past 20 years….well, with the exception of my kids 529k and custidian investment account. That’s sitting 60% in cash right now since (hopefully) we will start using it in 2 years and we don’t think we will need more than what we accumulated and grown for college, and hence don’t need to take on higher risk for higher returns at this point. We’ve reached our financial goals for saving/investing for college. Actually, given how well things have worked out for the past 20 years for passive investments, we’ve exceeded our goals for college. Of course the irony right now would be if my kid goes to a 2 year JC first or gets a merit scholarship because then the question will be what happens to the 529 account lol. But at least the custodial account can go towards a new home purchase out of state or a good down payment in state..
CoronitaParticipant[quote=JPJones]
Likewise on the buy-and-hold. I see the stock market as gambling, and I’m not a good gambler. All the stock we own is in retirement accounts that we never touch and our house. I do enjoy watching it and our Piggs’ predictions here, though.[/quote]That is actually what many of us do in our retirement accounts….trading account is like playing account.
CoronitaParticipantAMD crushed earnings..
No surprise there.
https://finance.yahoo.com/news/amd-delivers-upbeat-forecast-sells-202842121.html
[quote]
AMD predicted second-quarter sales on Tuesday of roughly $6.5 billion, compared with an average analyst estimate of $6.03 billion. That helped the shares up as much as 8.3% in late trading.The outlook helped allay concerns that the chip market is slowing — and signaled that AMD is making further gains on Intel Corp. The company, which for years lagged far behind Intel in computer processors, is on pace to end 2022 with almost four times as much revenue as in 2019. New products and better execution have helped AMD win over customers who were once skeptical about its capabilities.
AMD’s outlook contrasts with a recent forecast from Intel, which was hurt by an accumulation of inventory at some of its PC customers. The return of Covid-related lockdowns in parts of China also has squeezed the supply of components needed to complete devices, Intel said. Other chipmakers, such as Texas Instruments Inc., have said those disruptions are hurting growth as well.
AMD’s forecast includes a boost from its acquisition of Xilinx Inc., a deal it completed in the first quarter.
“Each of our businesses grew by a significant double-digit percentage year-over-year,” AMD Chief Executive Officer Lisa Su said in a statement. Growth of the existing business and the Xilinx acquisition have both contributed to stronger full-year expectations, she said.
[/quote]May 3, 2022 at 12:27 PM in reply to: Megadrought Threatens California Power Blackouts This Summer #825359
CoronitaParticipant[quote=XBoxBoy]Anyone know why San Diego isn’t being hit with the watering restrictions that are happening in LA? Does San Diego get its water from somewhere else? Did San Diego make a better deal regarding how much water they would get?[/quote]
I’m surprised that Phaster hasn’t posted the specifics about San Diego….
From 2021: It’s an interesting read.
[quote]
“Despite a Punishing Drought, San Diego Has Water. It Wasn’t Easy. Sustainability measures that the city and county have taken over decades are paying off. But residents still might have to do more.”
….
For much of the past century, San Diego was almost entirely dependent on water that came from elsewhere in the state, or from the Colorado River. Their supplies were effectively controlled by water officials in Los Angeles — a contentious relationship that seeded long-running legal battles.In 1991, during a punishing drought, San Diego reached a turning point. The Metropolitan Water District, the Los Angeles-based wholesaler that controlled nearly all of San Diego’s water, slashed the county’s supply by 30 percent for a little more than a year. Grass turned brown. Residents put bricks in their toilet tanks to make them flush less water.
And, crucially, the region’s burgeoning biotechnology industry was hammered by water shut-offs that came with little warning.
….In 1996, the San Diego County Water Authority struck a landmark agreement to buy water from farmers in the Imperial Valley, in California’s southeastern corner, that heralded the beginning of the region’s water divorce from Los Angeles.
Over the following two decades, the agency took on a series of significant — and expensive — infrastructure projects aimed at establishing more diverse sources of water, more places to keep it and more ways to move it around the county.
In 2010, the authority lined canals in the Imperial Valley with concrete to prevent water from seeping into the earth, and made a deal to take the water saved by the process — some 26 billion gallons a year. The authority finished raising the San Vicente Dam in 2014, adding more capacity to San Vicente Reservoir in the biggest water storage increase in the county’s history.
Then there was the long, fraught gestation of a seawater desalination plant, the largest in the United States and now the envy of desperate communities up the coast, in spite of environmental concerns. Since 2015, millions of gallons of seawater have flowed into the $1 billion facility in Carlsbad each day, where it is filtered into something that tastes like it came from an Evian bottle, not the Pacific Ocean.
Across the county, restrictions and conservation pushes have led per capita water use to fall by half over the past three decades.
The next major task? Expand the region’s so-called pure water programs, once given the derisive moniker “toilet to tap,” because they purify gray water to make it drinkable. Today, such programs are seen as some of the most promising paths forward, not just in San Diego but across the state. (The system in neighboring Orange County is often cited as a gold standard.)
San Diego has provided a road map for others now scrambling for water, said Toni Atkins, who is the president pro tem of the California Senate and previously served on the San Diego City Council. And she is proud of that.
[/quote]Also….
San Diego Is Relatively Drought-Proof – and Has Prices to Prove it
Water Authority Confident in Local Water Supply, But Still Urges Conservation Amid Drought
Also. This was interesting…
https://www.sandiego.gov/public-utilities/sustainability/water-supplyAnd this…
https://www.sandiego.gov/sites/default/files/city_of_san_diego_2020_uwmp_final_6_29_2021_send.pdf
And this…
https://www.carlsbaddesal.com/faqs.htmlAnd this

CoronitaParticipant[quote=EconProf]Yes, sdr, rates will probably hurt values everywhere.
Glad I bought my three condos last summer. Two of them in same complex (3 Br, 2 Ba, double garage), for $335k each. Zillow puts them at $407k now, for what that’s worth. Another 2,1 condo for $190K, rents for $1100, and Zillow has no updated value for it. Vacancies are non-existent.
This weekend is the Ironman World Championship, which we permanently stole from Hawaii, so lots of visitors, all looking buff too![/quote]Why would you buy condos instead of SFH? I thought housing was cheap in utah.
CoronitaParticipant[quote=The-Shoveler]IMO Labor shortage can turn into a Labor surplus very fast once people stop spending.
Right now there is still just lots of money sloshing about.
That said I still stick to my theory that the FED and TPTB are scared to death of a recession for some reason and will issue helicopter money at first sign of serious downturn.
But if we were to get a serious recession I think it would look a lot like 2000 when everything crashed in a heart beat and even good tech people found themselves out on the street.[/quote]
I guess it depends on what.
For cars and electronics, there’s a supply chain issue, partly because China factories are closed.For example, for robotics we need to get these Falcon 500 motors, but they are all backordered.
https://www.vexrobotics.com/217-6515.htmlDrivetrain uses 8, and attachments use several more, and need spares, and can’t get them.
Good thing competition season is over.
Manufacturing for other things is also backlogged just because some of these factories are running at reduced capacity due to closures… For example, there’s a 3 months wait for swerve drive systems…
For shits and giggles, a dealer in glendale wanted to know if I was interested in purchasing an i4 since they had 2 that are in stock not available elsewhere. They wanted $10k above MSRP….
I balked but again, supply chain issue is pushing car sales prices at unheard of prices.
CoronitaParticipant[quote=EconProf]Many reasons, but here are three factors I’ve read about:
1. The overly generous COVID free money meant that for many people getting a job would mean a drop in income, this despite the rapidly rising hourly pay rates offered by desperate employers.
2. California’s generous rent relief programs encourages many to stay unemployed.
3. Mothers with school-aged children quit to take care of their new responsibilities at home, especially in the blue states like CA with strong teachers’ unions. A surprising number are deciding to not return to work.[/quote]What… the…fuck…..seriously? This is only a blue state issue????
God if I turn into a senior citizen like this, someone just shoot me and put me out of my misery…I don’t want to become into a grumpy old fart.
CoronitaParticipant[quote=JPJones]/popcorn
Seriously never thought a housing blog could be this entertaining! How does someone with a 16 year old account here (DZ) not own a house in San Diego yet? And sdr a real estate hack? LOL man! This thread has become my weekly soaps. Keep’em comin’![/quote]
It’s why i keep coming back. Entertaining as the WWE….!
CoronitaParticipant[quote=The-Shoveler]Yea me too,
Retirement scares the crap out of me to be honest.[/quote]It’s not just that. Some of the things I use to enjoy doing isnt as easy to be done. I spent about 3 weeks working on my car and somewhere along the 3 weeks I must have over exerted my right hand trying to break loose a bolt in a tight corner where I spent a few hours in a twisted and contorted body position. Got it done, but now right wrist is feeling like a trainwreck for the past week..I’m told might have an ulnar nerve entrapment. Wtf?
And on the other end, I had a good friend that calls me up and says he sold his track 911 I help build a decade ago. Wtf? He says he’s getting too old for the car, his reflexes and reaction time wasn’t what they were use to be, and he will never be able to drive that monster at the limit safely anymore.
So he sold the car to his wife’s friend that is in his thirties…
DAMN… Is this what I have to look forward to when getting old?
No wonder it’s harder to find a manual gearbox these days. All these old farts need to compensate with an electronic gearbox…..and then I wake.up and realize… Holy crap, I’m not that far behind….And some 30 year old is probably saying the same about me.
CoronitaParticipantEarly Retirement.
That’s what’s on my mind regularly for someone that’s been working since the dot.com days.
2 more years and off to college my kid goes. 529k and custodial accounts ready all the way to grad school if necessary….I paid my dues by planning early and letting compounding over 16 years work.
The question that I keep coming back to is…What next? I don’t have an answer for this. I don’t really like to travel.
CoronitaParticipant[quote=gzz]Wow that 10-year 2.75 sounds a ton better than 5% 30 year.
Maybe my plan for a cashout refi isn’t as dead as I thought.[/quote]
I don’t know. Personally, I wouldn’t do a 10/1 cash out for a rental that I’d be planning to keep indefinitely.
Call me conservative who likes to play it safe(r).
CoronitaParticipant[quote=an][quote=deadzone][quote=sdrealtor]Coward[/quote]
If you had any courage, you would drop some real money (not play money) into NAIL. I dare you. Show me you have a pair.[/quote]
Is that courage or stupidity?[/quote]Why take a one shot one hand gamble if you aren’t desperate and don’t need to? That’s just being financially irresponsible. If you had $1million you wouldn’t bet it all or significant portion in Vegas. Why would you do it here? That’s not investing. That’s gambling.
CoronitaParticipant[quote=deadzone]Back to the subject at hand, the nasdaq is cratering faster than I even expected, and still the Fed has only raised .25% up to now. This is a very bad sign for the economy and future of housing market.
Regarding tech workers going back to the office, I will repeat that the tech industry has been living in fantasy land of easy money for the last 10 years thanks to the Fed. Now with this support gone, the tech economy is cratering much like the .com bust.[/quote]
Lol..uh no….
There’s a minor issue called supply chain shortage that is crimping supply that you conveniently glossed over that made companies like Apple unable to meet demand. Minor issue like Shanghai pretty much shut down for the past 2 months that you either conveniently ignore or just are lacking awareness. Again, lack of understanding on your part. Just like calling Robinhood a tech company that you conveniently dodge not that you were called out as being erroneous in that.
And of course now that you are flat out wrong about return to office and remote workers going away, you’re now just changing your tune to something else ie (stock market) to seek validation of a reason for housing to fall off the cliff… Well shit, I’d one says 10 different things , ones got to be right by conincidence…lol…
Let’s go back to the original point you were trying to make here. Return to work…now going to affect the housing market…now that that’s not really happening (and in your case being near UTC where return to college actually made the housing situation worse for UTC, a lot worse), you are conveniently pivoting to the stock market and trying to connect the dot there to why housing will now decline in SD.
shit, you’re looking for any reason to validate what appears to be a much needed housing price decline you apparently desperately need. It’s kinda funny…lol…
CoronitaParticipantSorry SDR. I should have warned you today would be quintuple witching day today. It’s the day when my salary paycheck, and 4 rent checks all come at the same day. Usually, the market declines by the same amount as my gross rent receipts, lol.
But I’m doing better than I normally do on quintuple witching day. I’m not down anywhere near $11,500 today, lol.
-
AuthorPosts
