Investment Idea Thread
- Thread starter Mr. Wade Garrett
- Start date
Don't the students burn the porch furniture every time they win a football game?
Fully fund 529 plans for the three children unless they are 14+. If you have a mortgage on your primary home take a close look at the interest rate deduction on your 2015 return. It may make sense to pay off the mortgage to reduce your risk profile.
This is going way back in the archives, but didn't Mr. Wade Garrett start a thread prior to his SE Asian expedition about buying a liquor store? How did that work out?
529, are you kidding me. We are already those. However, ky kids are already spoiled rotten. This is for me. I want something that spins off money so I can retire in 5 years to practice for my senior oga tour career. Screw those kids, they have it too good as it is.
NickleDimer
Post 'Til Your Fingers Bleed
Have you shared with the board yet that you own a small ring of DC area payday loan/check cashing shops? Are they not producing as well as you expected?
Nice memory, dude. Was an investment I considered a couple of years ago. The returns are nice, but youd have to staff honest people who have no better career options. Tough combination. And I wouldn't run it myself.
But if you were happy being complacent in your career and inherited some cash, it would be a decent road to take.
There is no investment silver bullet that will get you margaritaville in five years.
haha I know. I've actually been betting the cubs all season long. it's been great.
NickleDimer
Post 'Til Your Fingers Bleed
Remember the time ADP shamed someone for bragging about low stakes sports betting? Who did he do that to? Gdog?
I don't recall.
Arrieta has a 1 hitter going through 5. Only hit was a broken bat single to leadoff the game.
@Tweetedatthesiblings.com
It's Sacca and his firm is Lowercase Capital . Thanks for the heads up as he usually has some interesting thoughts around opportunities. He really needs to ditch those western shirts. Good follow on twitter but can be very liberal at times. Shocking.
Sacca predicted that Mark Cuban will be President of the United States...
I just picked up a bit of Sprint for my IRA. Not much. It's in the dirt and feels like a takeover/merger candidate to me. They still have about 60M subscribers, and should they find a way to merge with T Mobile, they basically match the big 2. If ATT or VRZ buys them, it puts heavy distance between them and the other. Plus Marcelo Cluare is a bit of a maverick and deal maker.
It's not any kind of investment you want to make if you are going to need the money in short order. In fact in the near term it looks fairly bleak for them. I think it can only go up. They're not going under.
It's not any kind of investment you want to make if you are going to need the money in short order. In fact in the near term it looks fairly bleak for them. I think it can only go up. They're not going under.
He's a creep if you ask me. In the podcast, the guy admitted to student loan fraud and accessing stolen data for viewing a co-worker's salary. He's never started a real business in his life.
I LOL'd at someone suggesting ADP use the money to pay off his mortgage. We all know ADP doesn't have a mortgage. Straight cash homie.
Stole home today, now out of the game with a hamstring strain and out of the game. Hopefully it's not bad. He's got a good niche right now for the Cubs.
While I have a good number of closed end funds for various things, not a big fan of those like ETW where most of the monthly distribution is a return of capital, but see it focuses option strategies so a little unique I guess. Probably no need to have in a tax free account if you had available cash elsewhere though since so much is a return of capital, little income unless you sell it for a gain. Like individual bonds in IRAs though maybe not the best time now (many high rated junk type credits got ridiculously cheap at beginning of year like some stocks, but that time has mostly passed).
Also not finding a lot of places to put cash right now. Was doing some net stock buying in Jan.-early to mid Feb. but couldn't pay attention to much but 'Nova hoops once the run started for real. Nibbled a little after the NC but hard to put cash anywhere at current levels IMO. Letting it sit for now.
Having to be a landlord to me seems like it's not worth the effort unless you have the time to manage anyway (including collections on things like regular weekly/weekend rentals). Also would be concerned if you can't get to the place very often or easily still seems like more trouble than it's worth, have to trust a lot of people to keep it up and pay them sight unseen (maybe more of an issue for a place like Gainesville, Florida where the swampy conditions will get you more insects and wear and tear), at what point does that eat into what you otherwise make?
All fair points re: landlording. But im not talking about landlording. Contracting out the management of the property, which is often 10% rental income.
ROI from your down payment is well into the double digits in many parts of the country even with the outsources mgmt fees... not to mention the appreciation and tax breaks associated with running it through a corporation. Has always appealed to me as a long term play.
But with the contracting out management, that's 10% of gross income, right? Depending on where you are/how much you rent/inherent margin, could see having some down years after you pay out, and the rest of the maintenance and upkeep that you're out of pocket for in excess of that when stuff breaks down. Not sure interests are aligned with a small-time owner and those management companies, especially if you're an absentee landlord that, again, has to trust them, they could be drumming up business for their contractor buddies half the time. If they know you can come by and judge for yourself more often, probably a different story.
What's happening with oil prices? Long term play and best way to take advantage?
Is Apple oversold? Is Facebook still going to grow substantially? Lots of buzz on Amazon being a big pick still - you buying it?
Is Apple oversold? Is Facebook still going to grow substantially? Lots of buzz on Amazon being a big pick still - you buying it?
So far you jabronis have come up with jack shit. Where were you on Linkedin, Elizabeth Arden, Solarcity?
I had a real idea that worked and was ignored. I've been trading Vix around recently. Way too low down at 14. Caught two rallies in the past week. Might TP ahead of Brexit vote if I bitch out.
Also bought some usdjpy below 104 this week. Sort of a hedge and got a good rally quick to take profit. Don't want to hold that thing too long. Right side risk reward is to own yen. 20% upside vs a maybe 5% rally downside in yen vs USD. It's been trading strangely this week though.
TSLA announces bid for solar city in perhaps the biggest scam ever attempted. Solar City was on the road straight to bankruptcy running a deficit of 700m per year and Musk buys out his own company. Tesla I assume getting crushed in after hours trading. Really hurts if you were running short solar city.
Also bought some usdjpy below 104 this week. Sort of a hedge and got a good rally quick to take profit. Don't want to hold that thing too long. Right side risk reward is to own yen. 20% upside vs a maybe 5% rally downside in yen vs USD. It's been trading strangely this week though.
TSLA announces bid for solar city in perhaps the biggest scam ever attempted. Solar City was on the road straight to bankruptcy running a deficit of 700m per year and Musk buys out his own company. Tesla I assume getting crushed in after hours trading. Really hurts if you were running short solar city.