Yep, it was a rip your face off rally. Yields coming down so much will be interesting to watch in the next few weeks.
My 401k rollover check (part 2) got there just in time for yesterday. Now I just have to hope it doesn’t get rejected again lol
Days like today never make any sense to me. Walmart earnings are great, Home Depot pretty good. Really good (relatively speaking) PPI and the market just rolls over midday.
Started my first tranche of TLT today, I think inflations rolling over and going forward it’ll be more deteriorating economic data that will give them a tailwind. We’ll see, could be completely wrong but seems like a better spot than equities at the moment.
Had a big comms meeting today just discussing overall industry (outdoor cooking). some brands are not going to survive. The brands that do are going to pick up the pieces by 2024. Big opportunity for those brands and I suspect Traeger will be one. Going to continue adding the dips
As I know nothing about this industry, what do you consider a fair market cap or stock price for traeger to be?
I'll be adding them consistently until the market cap hits $1B then probably reevaluate. Them being 1/4 the MKT cap of Weber is too low, though Weber could be in some real trouble so I wouldn't run too far with that comp. Traeger has probably the only brand in the industry that can stretch to full lifestyle if they do it right, so they've got plenty of runway from here. I expect 2023 to be another down year, though not as bad as 2022, then things come back in 2024, maybe in a big way.
I only wish I moved all my QQQm into this throughout 2022 vs half. But now I’d be wondering when to sell and go back into tech. Probably a while until rates subside and growth returns anyways.
No worries my friend, it's a 2-3yr play. Things won't get any better in the next 6-9 months, so I'd expect more dips and spikes. The end of 2023 and then really into 2024 is the turnaround.
Lol yea I only bought ~90 shares, had a few hundred in the brokerage account in cash. Liked what you were saying about the industry and did a little outside research. Worth a shot
looking at finally maxing out my roth IRA starting this year - any recommendations on which company to use? i dont really know shit about investing so wouldn't really be hands on with it
I used Vanguard for IRA and it seems fine enough. Not the most user friendly interface but it works. Don't have any experience with Schwab or Fidelity, but 401k is moving to Fidelity so will check it out soon.
ah I've never tried the app. I have everything automatic so it's been pretty rare to login to the site.
I use Vanguard, and have had no issues. Have it set up to to take out funds every two weeks to reach the annual max.
max it out every year (if able), and pay for expenses using your normal credit card (just save your receipts). Wish I would have done these two things when I first started contributing to mine.
That’s the goal. Out of pocket maximum is a little daunting, but man, we’re pretty healthy. Gotta risk it.
paying $100 to $ 200 for an office visit every time sucks, but if you’re going to the doctors less than 8 to 10 times a year, I think the HDHP is the way to go.