Money Investing megathread extravaganza - Page 853

**DaFace** · 06:35 PM

A place to talk about investing stuff.

PunkinDrublic · 05-18-2022, 01:06 PM

Quote:

Originally Posted by scho63

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.

scho63 · 05-18-2022, 01:36 PM

Quote:

Originally Posted by PunkinDrublic

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.

**Buehler445** · 05-18-2022, 01:51 PM

Quote:

Originally Posted by scho63

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!

PunkinDrublic · 05-18-2022, 02:22 PM

Quote:

Originally Posted by scho63

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.

scho63 · 05-18-2022, 02:37 PM

Quote:

Originally Posted by PunkinDrublic

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.

ChiliConCarnage · 05-18-2022, 03:27 PM

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.

**lewdog** · 05-18-2022, 03:30 PM

Quote:

Originally Posted by ChiliConCarnage

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.

PunkinDrublic · 05-18-2022, 03:52 PM

Quote:

Originally Posted by scho63

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.

Hog's Gone Fishin · 05-18-2022, 06:16 PM

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.

Peter Gibbons · 05-18-2022, 06:26 PM

Quote:

Originally Posted by Hog's Gone Fishin

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.

**Buehler445** · 05-18-2022, 06:46 PM

Quote:

Originally Posted by lewdog

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.

Quote:

Originally Posted by Hog's Gone Fishin

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.

Hog's Gone Fishin · 05-18-2022, 06:58 PM

Quote:

Originally Posted by Buehler445

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.

**Rain Man** · 05-18-2022, 08:43 PM

Quote:

Originally Posted by Peter Gibbons

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.

ghak99 · 05-18-2022, 10:06 PM

Quote:

Originally Posted by Hog's Gone Fishin

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.

**Buehler445** · 05-18-2022, 10:10 PM

Quote:

Originally Posted by Hog's Gone Fishin

I think they're gouging.

Diesel is like $5.50, fool.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $-1633101	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 53,117

05-18-2022, 03:27 PM	#12786
ChiliConCarnage TACO SALAD Join Date: Apr 2008 Location: yes Casino cash: $-1851532	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.
Posts: 7,040

05-18-2022, 06:16 PM	#12789
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $-1419523	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.
Posts: 40,645