Forum Replies Created
-
AuthorPosts
-
gzz
ParticipantWoohoo, my short position in Snap is finally in the black. Still above my initial short, but I shorted more 15-17 so in the black overall.
My UBER short has been profitable from the get go.
Also opened shorts in LYFT and PTON and MGI in the past week.
To offset these shorts, I purchased some Vanguard ETFs so I am protected if my shorts go up as part of a broad bull market.
For each company and read the annual report and analyst opinions, as well as most recent 10-Q. All are scary unprofitable.
Participant“ this changing of sock style from year to year even within the same brand, is maddening.”
Yes!
So ideally get 100 pairs, and keep 80 in the package and open over time as needed.
I did this about 2010, but should have gone even bigger, maybe 200 sock pairs. The cotton percentage content and quality control of hanes just kept going down.
And Wigwam kept the quality up but changed the little logo slightly for no good reason.
ParticipantI made this resolution years ago, but it requires planning.
For one thing, you have to throw away a lot of old socks to do this.
You then have to decide on a new sock and buy a lot of them *all at once.” Hanes changes the design on their ankle white socks constantly so 2017s don’t match 2018s. Often the difference is large and glaring. And best to do in store, because Amazon can mix products together in one listing. Or will have a mix of old and new stock.
Then there is the winter/summer issue. I wear thicker Wigwam socks in the winter and thinner hanes the rest of the year.
October 5, 2019 at 7:04 PM in reply to: interest rates in the USA v other advanced economies #813714ParticipantPhaster the PBGC is not economically significant. It pays reduced pensions to old industrials whose defined benefit pension plans went bust. It will likely be bailed out if it becomes insolvent, but it won’t be that much money.
While not a good thing if a bunch of 85 year old widows of steelworkers see their pension cut another 15%, it just won’t have any larger effect.
Arguably it wouldn’t even be unfair. A lot of these plans agreed to benefits when inflation was high, and it was expected by everyone that inflation would reduce the obligations more than actually happened. So some of these old pensions would, as a worst case, just be reduced to the expected real value.
October 4, 2019 at 5:10 PM in reply to: interest rates in the USA v other advanced economies #813712ParticipantBest of both worlds: unemployment drops to new low (lowest since 1969) and rates are back down to 1.51%. Latest Y over Y wage growth was a solid 2.9%
ParticipantFlu, I got the same 529 offer from tiaa, $100 for a $1000 deposit.
I have a niece in Michigan who is 5. If I put in $1000, she gets $1100 and I get $300-400 off my taxes. Are there any fees or downsides I am missing?
ParticipantI did study abroad when I was 17-18 in Mexico. Great experience, I became fluent by taking 4 hours of classes a day + living with a host family.
I got lucky to be placed with a family doing it because they liked having American boys, not for the money. Papa was a developer, mama a retired dentist, big beautiful house he built himself. They spoke very little English but enjoyed Ray Charles records. He sings slowly and pretty clearly, so that helps. Some of the other kids in my program weren’t as happy with their placements.
ParticipantClaremont is a big and diverse area to have an opinion on. Parts are not very different than an upscale suburb. I think you all will be happy with a bigger house and shorter commute.
ParticipantPurchased KHC today. Buffet liked it at 75, I like it at 28.4.
I am a sucker for a value play.
ParticipantWho is it that “expects” Cal population to be 60 million in 2050? Not me. 2018 growth was 187,000 people. At that rate we’ll go from 36 to 42 or 43 million in 2050.
September 13, 2019 at 9:05 AM in reply to: interest rates in the USA v other advanced economies #813532ParticipantThe rate swings over tariffs that amount to less than $100 billion a year combined on both sides is irrational.
The way to take advantage is if there’s another breakdown in talks and round of tariffs, buy the dip in stocks and sell the bond rally.
September 13, 2019 at 9:02 AM in reply to: interest rates in the USA v other advanced economies #813531ParticipantRates bounced up from multiyear lows by about .3% in the USA and other big economies. Turns out buying Swiss bonds that yield -1.1% wasn’t a great idea, who would have thought? They went down the most to -0.6.
ParticipantOnce again “ghosted” by a tree trimmer! He asked me my availability, I responded I have a flexible schedule so just about anytime, no response.
ParticipantI purchased ATT in July and am up 13%. Going to hold on unless it spikes up 20% or something and then sell on valuation.
Buying Telcos when they are down is something I’ve been doing for 10+ years.
I wonder if I am the only guy in San Diego who can talk about the challenges Telecom Italia, Orange, and Telefonica faced in the late 00s to mid 10s. Maybe not with QCOM here.
Here’s a little secret: European countries won’t ever let their main telco go bankrupt. Since they are TBTF, they leverage up, and can look very precarious in a recession. But the leverage can work out well in a boom. And even in bad times they generate a lot of cash and their losses are usually non-cash writedowns of acquisitions or infrastructure investments.
-
AuthorPosts