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CoronitaParticipant[quote=deadzone][quote=an][quote=deadzone][quote=an] I don’t bet on one direction or another.[/quote]
You literally just placed a bet that Neflix was going to go higher.[/quote]
If you just read the other post that you responded you, then you would understand.BTW, how much PUT did you buy over the last few months?[/quote]
Have net short interest now but I don’t have the balls I had back in 2006.
Shorting Zillow, Zoom, Peloton, etc. during peak of Covid boom was another “opportunity of a lifetime” that I missed.[/quote]Lol, I don’t think anyonw said buying zillow, zoom, peloton was an opportunity of a lifetime.
I think people said buying real estate during the great recession was an opportunity of a lifetime.
I think people said staying invested in the markets during covid worked well too. I don’t think people are saying specific stocks especially peloton were an opportunity of a lifetime. You keep focusing on speculation on individual stocks. I’m not sure why….Just like you keep focusing on the news from some individual company and generalizing them to individual trends. Remote work, hybrid work, and now we are back to talking about the stock market…
Someone has an ax to grind, lol…
CoronitaParticipant…and COVID is NOT over… Just look what’s happening in China again….
It’s only a matter of time before it arrives here…
https://www.cnn.com/2022/03/14/china/china-covid-outbreak-monday-intl-hnk/index.html
https://finance.yahoo.com/news/china-locks-down-iphone-tech-235320042.html
CoronitaParticipant[quote=an][quote=deadzone][quote=an][quote=deadzone][quote=Coronita]Hey deadzone… Can you keep talking about how bad tech will do and how bad the stock market will continue to crash. We need a few more days of this kind of talk from you….[/quote]
Netflix continuing to plummet already back to Pre-covid price. All the Covid gains evaporated.
Only a matter of time before they start announcing layoffs, if they aren’t already. This is the .com bust all over again. But only this time it is going to spread to the entire economy.Mortgage rates also returning to pre-covid level and only going to keep going higher.[/quote]
Sounds like a great buying opportunity to me. NFLX in 2019 has revenue of $20b, profit of $1.9b, with profit margin of ~9% and for 2021, revenue was almost $30b, profit was $5.1b, and profit margin of ~17%.[/quote]Then go ahead and buy Netflix right now, what are you waiting for. Opportunity of a lifetime![/quote]
Done[/quote]You’re brave 🙂
CoronitaParticipant[quote=deadzone]And facebook. What is that, 2/5 of FAANG already corrected to pre-covid. Only a matter of time before Apple and Alphabet follow.
And more relevant to housing industry, Zillow, Redfin and Open Door all collapsing to pre-covid levels or all time lows in case of open.Go ahead and ignore all of this just because you don’t personally own these stocks doesn’t change the fact that a collapse is happening.[/quote]
Lol. I don’t own facebook either… My dad does when it was $30/share I think. I don’t generally hold individual stocks that my parents own and vice versa.
You’re picking and choosing your winners and losers based on current market price. A danger game of being more wrong that right. no one can “guess” that accurately over a long period of time.
The only 3 techs I own individually are TSM and AMD and Intel, and it’s less than 10% of my total holdings. not really material one way or the other lol. I’m not too worried about it because there’s still a massive chip shortage and it’s getting worse, even more so now that Shenzhen and Changchun are shutdown….Good news for US engineers and manufacturing in the long run. Inflation can actually support US tech wages that previously went overseas..
CoronitaParticipant[quote=an][quote=deadzone][quote=Coronita]Hey deadzone… Can you keep talking about how bad tech will do and how bad the stock market will continue to crash. We need a few more days of this kind of talk from you….[/quote]
Netflix continuing to plummet already back to Pre-covid price. All the Covid gains evaporated.
Only a matter of time before they start announcing layoffs, if they aren’t already. This is the .com bust all over again. But only this time it is going to spread to the entire economy.Mortgage rates also returning to pre-covid level and only going to keep going higher.[/quote]
Sounds like a great buying opportunity to me. NFLX in 2019 has revenue of $20b with profit margin of ~9% and for 2021, revue was almost $30b and profit margin of ~17%.[/quote]I just do my bi-monthly DRIP investment into index funds and bond index mostly. I don’t need to take excessive risk these days and I don’t have any major expenses each month so I can put $5500/month into investments and $1500/month into my kids custodial accounts on top of my 401k.
I’ll live with the 4% rule : https://www.investopedia.com/terms/f/four-percent-rule.asp
CoronitaParticipant[quote=deadzone][quote=Coronita]Hey deadzone… Can you keep talking about how bad tech will do and how bad the stock market will continue to crash. We need a few more days of this kind of talk from you….[/quote]
Netflix continuing to plummet already back to Pre-covid price. All the Covid gains evaporated.
Only a matter of time before they start announcing layoffs, if they aren’t already. This is the .com bust all over again. But only this time it is going to spread to the entire economy.Mortgage rates also returning to pre-covid level and only going to keep going higher.[/quote]
You keep talking about 1 stock. Netflix. Big deal.. I don’t own netflix lol….
Gold is back to $1958 and Oil is down. Your point? lol
CoronitaParticipantMy tenant in 92130 yesterday night eagerly called me to ask me to exercise his option to renew his lease for a 2nd year at the same price that I offered him last year. I said sure.
He asked if he can extend it for a 3rd year too. I said, I’m not commiting to a 3rd year, but typically unless we have excessive inflation or the USD drops like a rock, I typically dont raise rates for a good tenant that doesn’t move out. He offered to prepay 3rd year of rent in full…what? I suggested wait and see wait and see in case he or your wife has to go back to the office in LA/OC next year.
He said that both his company and wife will let them work indefinitely from San Diego, he reconfirmed his wife just needs to show up in satellite office in Old Town once every so often. he just needs to go to OC once per month. And he said no way in hell they would move back to Culver city and send their kids to school there instead of Del Mar Unified….
So I guess i locked $60k rental gross income for this year too. And probably the year after that if I want to…Score.
No need to put my SFH on the market for 2 years.
CoronitaParticipant[quote=spdrun]We’re talking about tech companies in the US, right? Do you not expect some to be exploitative?[/quote]
i don’t understand you understand how this works in practice.
H1B means hiring the person here in the US. It’s not cheap. Any public company or company planning to go public under a lot of scrutiny wouldn’t be able to get away with paying H1B significantly below market value. Small shitty companies maybe, but irrelevant to the greater talent pool of tech workers who don’t need to work at small shitty companies with no plans on going public of without stock grants…
Eventually companies will get caught and people will go to jail if company big enough….H-1B abuse: Bay Area tech workers from India paid a pittance, feds say
H-1B: Prison for visa fraud in case involving Bay Area workers
Two Silicon Valley Executives Charged with Fraud in Obtaining H-1B Visas
Fed already learned from 2018ish.
H1B visa abuse is so circa 2018 that it doesn’t make sense to try to do this and risk getting caught
…And it’s way more expensive and far more risk than hiring someone out of a satellite office in Romania or Poland. Not just wages, but legal and administrative cost of doing an H1B applicant. Speaking from experience….CoronitaParticipantI remember a few years ago, some.folks here posted about how awful it would be to work like.a slave at a big company and all the virtues of being a small independent BYOB because of how great quality of life would be…
That was before COVID.
Well let’s see now.
You have salaried tech workers with a lot more flexibility in where they work. Some able to work fully remote from out of the area, some able to work hybrid and customize their schedule to their personal lifestyle. Some like my engineer able to spend 3 months working out of a trailer touring the US other taking a sabbatical to pursue personal interest. W2 base salaries ringing in between 165k-200k+, 5 weeks of paid PTO…some companies with eveey other Friday off. Stock grants or stock option grants…bonus , plus full medical/dental/vision for family including Ortho… And a 4-6% 401k match…..my how things have changed for salaried techies…..lol.
.CoronitaParticipant[quote=spdrun]Plenty of smart Ukrainian refugees willing to work for an H1-B …[/quote]
H1-Bs aren’t cheap unless a company is a shithead and tries to take advantage of people in bad situations.
My senior engineer we started an H1B for makes.the same $165k base as my US citizen does..one works out of Utah one works out of SD.
CoronitaParticipantYes, I noticed that traffic to the the Amazon, Google campuses in Sorrento Valley and Apples campus on UTC have picked up. Must be the additional new hires that weren’t there last year.. Lol….
CoronitaParticipant[quote=sdrealtor]So kind of you to do that. He’s an employee that may actually return or follow you to your next gig. Well done[/quote]
He wants to work out of europe after he returns. lol.
CoronitaParticipant[quote=JPJones][quote=Coronita][quote=XBoxBoy][quote=flu]I didn’t even know sabbatical existed at my company.[/quote]
So when’s your sabbatical gonna be?[/quote]Holy Shit.
I’m having a great day.
My boss just resigned.
I’m in charge now.VP for years decided to join a startup and work remotely.[/quote]
Hey, maybe they’ll let you work remotely, too! Oh, and grats on the last-man-standing promotion, of course. There can be only one![/quote]
I already am. My company is hq’d in Florida. I’ve been wfh well before COVID.
Actually I also did my coworker senior engineer that is going on a 6 month hike a big favor.
After the sabbatical idea was given by my boss’s boss, I’ve been making sure it happens and to his advantage. He’s going to use his PTO first, so his sabbatical starts April 2. That also means he will have his health benefits for the entire month of April and only needs to get medical dental starting may.
also, since he’s on sabbatical , he’s getting his unannounced special bonus that will be paid in April. If he resigned next week as originally planned he wouldn’t have gotten his bonus.
CoronitaParticipant[quote=XBoxBoy][quote=flu]I didn’t even know sabbatical existed at my company.[/quote]
So when’s your sabbatical gonna be?[/quote]Holy Shit.
I’m having a great day.
My boss just resigned.
I’m in charge now.VP for years decided to join a startup and work remotely.
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