Watching "Family Feud"... a commercial for Weight Watchers with Oprah comes on. Wife: "What does the chart for WW look like? Covid might scare people into losing weight." It's gotta have another run in it, methinks. Oprah signed through 2025.
Pretty sure I could slap the term "Cloud Based" on my dog and she could IPO as a 40 billion dollar company.
Hey, that stock is on sale 10% off I'll buy some. Hey, that stock is on sale 20% off I'll buy some more. Hey, that stock is on sale 30% off I'll buy some more. Hey, that stock is on sale 40% off I'll buy some more. Hey, that stock is on sale 50% off
FUBO is crushing me, and yet I think I'm going to buy a little more. Might just go down with the ship.
The Milkman how we feeling about vale and the other miners? I’ve been holding vale March calls for a few months and it got ugly for awhile but been a big week and I’m back up 20% now
I’m still holding Vale and SBSW stock as a dividend play. Closed out calls for nice profit on the spike a few months ago.
It should peak here in Q1 (probably just did) and start to go down as the year over year comps get tougher. Overall with energy prices staying high (which translates to food) and owner equivalent rent continuing to be elevated inflation will stay sticky and above the 2% Fed target.
More evidence of China stimulating its economy. I have a minor position and I want to jump in on these heavily beaten down Chinese stocks more but the elephant in the room for me is what in the world their covid policy is going to be going forward. Their vaccines aren't great and I don't think a zero covid policy is feasible with Omicron. I can just a world where they shudder everything in a vain attempt to stop it (which would be horrible for global supply chains and thus a possible inflation upside risk).
im baffled by people who take zerohedge seriously, maybe the single biggest reason i realized lots of the finance industry is full of dullards
Just got offered another 8% equity at my company. No brainer to take it...what I'm being offered is about a fourth of the actual value per share. I just hadn't forecasted that kind of expense for this year. I have 90 days to respond. It's 100k and I don't want to do all cash. I was thinking 50k cash and 50k in the form of a HEL. Anyone have other recommendations?
Equity in what type of entity and how is it classified for tax purposes? By "HEL," are you referring to obtaining cash through a HELOC? There are a lot of tax factors that can influence how you structure this, so you may want to engage an attorney to help structure and document. There's also lots of room for creativity if you want to get cute. Two structuring options would be to have the company withhold interim/annual cash distributions and using the withheld cash to fund the capital contribution, or you may be able to contribute a promissory note to the company that you pay down over time (you could even secure the note with your current equity or future cash distributions). There are many other ways to do this, but the simplest way is probably to contribute the $50k cash and then procure the remaining $50k from a third party (e.g., lender through a HELOC, put it all on an Amex, etc.) and pay that down over time. ~$5 million company
I very much appreciate the insight, sir. Thank you. Correct- our latest valuation came in right around $5.6m
I had the same problem come up last month as a matter of fact, including the max buy in of $100k and the no-brainer valuation. I offered to pay half on Jan 1 and the remainder over the next 6 months and they said yes. Tried to get them to play ball with cutting my pay by the difference and/or netting it against my next bonus but they shut that down pretty quick.
Yeah the main reason I responded was that it felt good to be the one writing something like that for once. Left a mega firm for a start up consultancy so it’s nice to feel like I have some genuine upside for a change.
Who was the poster that was a Hank disciple? “the model remains unchanged holding cash and money markets. That’s what I’m doing.”
There’s new a Somali pirate fund for those of you looking to diversify the plunder/treasure portion of your portfolio: https://www.google.com/amp/s/theuijunkie.com/pirates-stock-exchange/amp/
My taxes are as simple as could be and I’ve always used TurboTax. How hard is it to do a back door Roth there? We’re planning to meet with a financial planner but I’m anticipating the tax filing will be left up to us.
Anyone messed around with Private Equity Stocks? I saw where TPG had their IPO last week and some of those guys on CNBC weren't really hyping it but said that they were definitely buying. I was stumbling around the net and ran across this. https://fknol.com/list/best-performing/private-equity-stocks.php +98-33% ytd is not bad. https://www.forbes.com/sites/jonath...t-stacks-up-against-pe-giants-blackstone-kkr/
If you were going to park money for say 1-3 years and not actively trade what would you do? I am thinking split among 2-3 ETFs? SPY, QQQ etc?
If you’re selling covered calls against them I’d pick those two. If I didn’t touch it, I’d go with VOO and QQM as alternatives. Or potentially flip VOO with VTI.
I’ll be contrarian cause everyone will say SPY or QQQ and they could do fine but I’d have a hedge if I did that. 1-3 year timeframe Uranium Agriculture MLP’s like EPD China MCHI or KWEB I’d have said oil too but it’s run pretty far pretty fast even though I think it’s going over $100 here eventually. These aren’t bad either if you believe deflation for the 2nd half of the year.
Yep, I’m going down with the ship. It was an impulse buy and looked great for me for a while, but I screwed up by not researching more and seeing how poorly the business is run. I perused their financials some last night and couldn’t believe that in FY21, even with over $4B in revenues, they managed to lose money. No clue what the path forward is for them, but it seems like a non-zero chance that they could get bought by an Apple or Nike
Sheesh - I made about 15-20% swing trading PTON last year (in the 105-125 range). Had no idea it had shit the bed so bad this year.
Don't dispute it, but I am somewhat surprised. I thought it would go the way of YETI coolers a bit. Reached deep market saturation in the core product (bike/cooler) but then managed to pivot into other ancillary products and become more of a brand.
Did they just go nuts with the pandemic money. Keep spending not anticipating a correction once things opened back up?
yes. they do a lot of "new" things and then let them die. Hype up a boxing series, then never do another boxing video after the initial drop. Open up stores...then do nothing with them. Hire 6,000 people for some reason