ELON MUSK IS GOD

[garrett]

The more and more my millennial counterparts wax on about never owning a home and amortizing things over 30-40 years the boomer in me appreciates the 15 year I got that I’m paying as a 8 year.

The boomer in you should have taken as much nearly free debt as possible with the longest term possible. That was “generational” to use your phrase.

Stories of Grandpa’s sub 3% money will be repeated every Thanksgiving over the coming decades. Or should be.

I don’t understand the motivation for paying it down but burning the mortgage has always had an emotional appeal.



While your watching golf I’ll be replacing the dishwasher supply pump in the rental. Nice millenial couple.

Boomer debt was god.

No offense Sanlmar i realize now unequivocally too that, you're not nearly as bright of a person as i once thought. You have had sooooooooo many ball huggers on here that after reading your actual real belief here, clearly and i get it. You were supposed to be some real Elitist Stock person, RICH right, but you talk like this which is how a Poor person functions' in a sense sometimes, not the Uber Elite and real Top 1%

Sanlmar

saying people should drown in a bank loan, or Mortgage and then also to stretch it out as far as you can, to make them payments the least as possible say over a 30 yr. Mortgage is hwo you pay the least minimum Premium. Stretch out the Bank Loan (Mortgage) and sure its a game most play but, thats baby boomer stuff this works getting to sophisticated now, and smart to be this basic and stupid. Leverage youre future on a bank loan that was your recommendation above Sanlmar, I know exactly what you said there. And that is precisely what all Baby Boomers did stretched out a Mortgage as long as possible, to make their payment on the mortgage the least every it could be per month but cmon, and lol i see what your advocating for here you Sanlmar lolll..

Have a nice day im done lolz ;D

[garrett]

The end goal for everyone is owning the home usually

Not living in a home the BANK majority owns, Assetts have value we learn also. Letting the Bank own it and then be able to juice you for the % on that Interest over 20 or 30 years, which does add up. Marginal or insignificant to some and also this is a home im talking about not business or investment things, but people would not be wanting a Mortgage and one they also kinda stretched out for 30 years to keep that payment low. I get how its probably how it always is but, the end goal should be to ow your home however you have to do that, you do it right. You dont want to always have the Bank owning your Home that should be your Castle and then are allowed to legally JUICE for with that Interest Rate and for decades too, so i think we as people can be better then always thinking by default we need to let the BANK own the majority of our homes, a significant portion ok but the end-game should be owning your own home right, or do i honestly have this all wrong i don't know.

That is a Generalization and how i view it all so only me, everyone will have a different view but if soemone can get that BANK and then interest Rate out of their pocket they should right. Own your Asset if possible of course or in the shortest time possible. And this too, actuall does fal back onto that whole well what i hear growing up, that the home was supposed to be the "American Dream". And now maybe that is not so much how it is viewed nor engrained in kids now so Millennial's for example, they're not going to have the same persepctive as would their parents or a Baby Boomer and thats all normal too so idk, cant overthink it all actually but this is all real, not some made up fake idea so interesting anyway, lol long novel here...

[Daly]

Unless you have an obscene amount of money there is one principle of personal finance that holds true to this day.

You can’t retire until you own your house.

I get the math. The shark move was to leverage up in 2009 (or most other years since) to your tits and invest the $$. San isn’t wrong the same way the math isn’t wrong.

At some point the focus needs to change from amazing the most $$ to being a independent entity that never needs to work again. To do that you need to own your home. From that perspective alone paying off your house is the way to go

[Sanlmar]

Royal Caribbean just christened the single greatest polluting device on planet earth. The Wonder of the Seas.

[Sanlmar]

[Sanlmar]

Let the hate wash over you.

Wynn $60

[Dan Druff]

Why is Wynn struggling so badly?

Haven't the casinos done well since June 2021?

[Sheesfaced]

Why is Wynn struggling so badly?

Haven't the casinos done well since June 2021?

Macau

[FRANKRIZZO]

Tesla recalling over 100,000 vehicles. Online software updates the main culprit.

[sonatine]

Tesla recalling over 100,000 vehicles. Online software updates the main culprit.

someones really going to have to explain to me why tesla keeps needing to recall vehicles to patch software one of these days.

[BCR]

Let’s talk Dollar General.

Had never walked into a single one of these stores until probably 2017. I had thought it was a place where everything was a dollar.

I started dating a country girl and this was her go to for household items and groceries as it was the only thing close. Their store placement was kind of out in rural areas. She’d go into town for most food items, but this was her go to for everything else.

I became impressed by the store. Was well ran at the time, but that it was basically comparable to Walmart level prices in a way more convenient store was the most impressive thing. I went from never walking into one of these places to going with her 3 times a week. If I needed Tylenol or light bulbs or just some other random thing, I was always kind of surprised they seemed to have whatever I was looking for, and it was priced like Walmart or Sams Club.

I don’t pretend to really do my homework on stocks. I’ve tended to jump into a stock when I just think it’s a good business on a fundamental level from personal experience, and this mostly rural store chain impressed me.

I finally bought in around 104. Was pretty rapidly expanding at the time, and I was a little late to the party. But it still pretty much went straight up until this year. Sitting 233 atm, so it’s been a good decision.

The problem is this store has went from well ran to a catastrophe when you walk into one. You literally can’t even get an item off the shelf without sticking your arm through multiple racks of stock that they lack the employees to put onto shelves.

Everyone is short-staffed, but this place is another level. There is a little variance store to store, but this is a pretty bad situation across most of their stores. Some chick who ran one in Florida went viral on TikTok like a month ago about the challenges of her job running one. Basically echoed everything I had seen over last six months. They fired her when she refused to take it down and there started to be unionizing talk.

Thought of jumping out then as it was 220ish. Still held thinking, it’s cheap, and often in areas with little options, and they’ll figure it out.

So I needed detergent and stopped at one by me like 6PM on Friday. Doors locked. Some guy on a Harley pulls in. I say wtf, doors are locked? We both stand there for a few moments wondering why a store is closed at 6PM. Lights on, doors locked. No sign. We are both thinking maybe kid is alone and went to bathroom, but after five minutes, we both run across the street to another store. I ask kid at the counter if he knows what’s going on over at DG, and he says they don’t have enough staff to keep it open, so they’re closing that store at 5 currently, and corporate won’t allow them to post a sign. Wtf?

I’m about ready to take my profit and go home, but it’s hard to part with this stock when I think the economy is going to continue to falter and this place is simply cheap if they can actually staff the stores and stock the shelves. These issues haven’t really affected the stock a lot.


I liked the business as a customer so I bought. Now it’s shit. These are strange times though. Under ordinary circumstances, I would have already sold.

This thread largely focuses on the fun shit. Tesla, cruise lines, casino, and arms supplier stock. This is a boring stock I have a pretty good chunk of. Anyone have an educated guess or been following this one? I don’t like the way this company is addressing their issues and it’s making me nervous to hold.

[sonatine]

Why is Wynn struggling so badly?

Haven't the casinos done well since June 2021?

https://finance.yahoo.com/news/u-sue...210513356.html

[Sanlmar]

How long before there is an outcry about Wynn having a golf course in the middle of the desert?

RIP Lake Mead.

[TheXFactor]

LOL.

Remember poker pro Ben Lamb?

He has his own locker at Shadow Creek.
So does Phil Hellmuth Jr.

It costs $500 a round and you must be a registered guest at a MGM resorts property. MGM employees can play there for free on their days off.

[Sanlmar]

In a healthy market non tech stocks don’t open down $50.

The best stocks in the world are going to be at the highs of 2020. The rest - gl.

AMZN will be $1900 for ex. Nothing wrong with that either

[Kalam]

In a healthy market non tech stocks don’t open down $50.

The best stocks in the world are going to be at the highs of 2020. The rest - gl.

AMZN will be $1900 for ex. Nothing wrong with that either

Well, what is wrong with it is I bought a healthy amount at 2100 hoping it was the bottom and already in the hole.

[Sanlmar]

Plunge protection activated.

[Sanlmar]

Plunge protection activated.

Edit

My bad
Options expiration.


Berkshire is 50% AAPL. That’s insane allocation.




I see Charlie Mungers gambol. However, I don’t understand the strong dollar and Apple. They make so much overseas I guess they don’t care.




If we hold 3760 we long blindly. If we are below 3760 Sunday/Monday we short. I don’t make the rules and I don’t have the capacity for independent thought.

AB but no C D yet

[Sanlmar]

This is Stan Harley - you don’t know him cause you’re not old. I’m stone tools and candlesticks. This is the Bible we work from. The truth is forever.

[garrett]

LOL.

Remember poker pro Ben Lamb?

He has his own locker at Shadow Creek.
So does Phil Hellmuth Jr.

It costs $500 a round and you must be a registered guest at a MGM resorts property. MGM employees can play there for free on their days off.

So this here is not as stupid as you all make it seem, for a Poker player like Ben Lamb hugely risky but i see it, but decades away...

Theoretically if for some reason say what you cant see around that area, like Las Vegas. In enough time and reason people will come and jobs and people so then in the end that investment or property value would be very beneficial and look genius then decades later when urban sprawl if properly located, played its part. Then youd like genius probably but thats decades out, and hes pretty young so his age probably did also play into this actually. And not at all long-run Stupid actually. imagine this with big strip malls, cars at traffic lights and people walking around. And that, 5 Star super exclusive golf Resort which a lone may be a reason to want to live there at all too. So very smart actually, i see its potential but lol decades out projecting of course...

(factor in urban sprawl now..)