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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
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Last edited by DaFace; 02-19-2021 at 06:35 PM..
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Old 05-18-2022, 01:06 PM   #12781
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This old dog has seen many things in the course of my investing life.

Saw this coming........
Just got a new job making significantly more money. Great time to keep my expenses low and buy like crazy.
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Old 05-18-2022, 01:36 PM   #12782
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Just got a new job making significantly more money. Great time to keep my expenses low and buy like crazy.
So a move from Shenzhen China to Georgia. That's quite the change of scenery and culture.
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Old 05-18-2022, 01:51 PM   #12783
Buehler445 Buehler445 is offline
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So a move from Shenzhen China to Georgia. That's quite the change of scenery and culture.
That's no kidding. Welcome back to the states!
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Old 05-18-2022, 02:22 PM   #12784
PunkinDrublic PunkinDrublic is offline
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So a move from Shenzhen China to Georgia. That's quite the change of scenery and culture.
I just moved to Dallas in March forgot to change my avatar. Moved to Georgia from Shenzhen last July. Keeping a cheap studio and my expenses low so I can shovel money into my index funds.
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Old 05-18-2022, 02:37 PM   #12785
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I just moved to Dallas in March forgot to change my avatar. Moved to Georgia from Shenzhen last July. Keeping a cheap studio and my expenses low so I can shovel money into my index funds.
I would ask if you miss China but I am guessing with all the shit going on there, the answer is probably no.

I miss my friends sometimes in Beijing and Hong Kong. Never had any in Shenzhen or Shanghai.
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Old 05-18-2022, 03:27 PM   #12786
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Following up Walmart's poor report. whatever Target said at earnings must have been awful. Down 25%. Took everything with it. Costco hasn't reported yet and got pulled down 12.5% today. That's a hell of a reset of expectations for companies of that quality. So much for your consumer staple blue bloods being "defensive", geez.
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Old 05-18-2022, 03:30 PM   #12787
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Following up Walmart's poor report. whatever Target said at earnings must have been awful. Down 25%. Took everything with it. Costco hasn't reported yet and got pulled down 12.5% today. That's a hell of a reset of expectations for companies of that quality. So much for your consumer staple blue bloods being "defensive", geez.
Between inflation and this insane labor market where we pay people 20-30% more than what a job is worth, these companies are being "squeezed" by their normal standards as the cost of doing business is through the roof on all sides. No way to control costs. Many companies have high valuations still, so we are finally seeing these blue chips being brought down to match the rest of the market.
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Old 05-18-2022, 03:52 PM   #12788
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I would ask if you miss China but I am guessing with all the shit going on there, the answer is probably no.

I miss my friends sometimes in Beijing and Hong Kong. Never had any in Shenzhen or Shanghai.
I miss the women that’s for sure.
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Old 05-18-2022, 06:16 PM   #12789
Hog's Gone Fishin Hog's Gone Fishin is offline
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I've been trying to get a load of river rock in from Colorado for 2 weeks and the normal rate has been $1250 and now they want $1700. For trucking.
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Old 05-18-2022, 06:26 PM   #12790
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I've been trying to get a load of river rock in from Colorado for 2 weeks and the normal rate has been $1250 and now they want $1700. For trucking.
If you are willing to pay enough, I can get it to you quickly from Colorado by running interference in a screaming chicken trans-am while my partner breaks trucking laws related time and mileage. For the right price, we might even follow up with an encore a few years later, but it really won’t be as good as the first one.
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Old 05-18-2022, 06:46 PM   #12791
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Between inflation and this insane labor market where we pay people 20-30% more than what a job is worth, these companies are being "squeezed" by their normal standards as the cost of doing business is through the roof on all sides. No way to control costs. Many companies have high valuations still, so we are finally seeing these blue chips being brought down to match the rest of the market.
20-30% is a bit optimistic. 50-100% is more in line. Here anyway.

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I've been trying to get a load of river rock in from Colorado for 2 weeks and the normal rate has been $1250 and now they want $1700. For trucking.
Take it. Before they figure out they’re underpriced.
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Old 05-18-2022, 06:58 PM   #12792
Hog's Gone Fishin Hog's Gone Fishin is offline
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20-30% is a bit optimistic. 50-100% is more in line. Here anyway.



Take it. Before they figure out they’re underpriced.
I think they're gouging.
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Old 05-18-2022, 08:43 PM   #12793
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If you are willing to pay enough, I can get it to you quickly from Colorado by running interference in a screaming chicken trans-am while my partner breaks trucking laws related time and mileage. For the right price, we might even follow up with an encore a few years later, but it really won’t be as good as the first one.
I can drive the truck as long as I can bring my Bassett Hound along.
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Old 05-18-2022, 10:06 PM   #12794
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I think they're gouging.
It's not going to get cheaper any time soon.

Their rate hike is actually lower than several in my area.
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Old 05-18-2022, 10:10 PM   #12795
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I think they're gouging.
Diesel is like $5.50, fool.
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