Investing General Discussion

Furry · Aug 17, 2023

Palum said:
Well in the modern era also hedges against inflation which is becoming way more relevant.

My mortgage is 1200$. I chortle quietly every time I drive past the 1 bedroom apartments renting for only 1800$ on the way home. I have a quarter of a million in equity, on top of how much I save every month versus any other living arrangement that isn’t being a homeless shlub. Buying a house has easily been one of the best investments I’ve ever made. Essentially have an on demand repayment of all my living expenses for the past 20 years. Biggest part is not being a lazy soft body and learning to do all the work yourself.

Palum · Aug 17, 2023

Furry said:
My mortgage is 1200$. I chortle quietly every time I drive past the 1 bedroom apartments renting for only 1800$ on the way home. I have a quarter of a million in equity, on top of how much I save every month versus any other living arrangement that isn’t being a homeless shlub. Buying a house has easily been one of the best investments I’ve ever made. Essentially have an on demand repayment of all my living expenses for the past 20 years. Biggest part is not being a lazy soft body and learning to do all the work yourself.

Yea I was kind of salty about the real estate prices but then I saw the rental prices on those dumb 5 over 1s in a shitty area they want $2400 for a studio and $3200 for the cheapest 2br. Lmao.

Gravel · Aug 17, 2023

Furry said:
My mortgage is 1200$. I chortle quietly every time I drive past the 1 bedroom apartments renting for only 1800$ on the way home. I have a quarter of a million in equity, on top of how much I save every month versus any other living arrangement that isn’t being a homeless shlub. Buying a house has easily been one of the best investments I’ve ever made. Essentially have an on demand repayment of all my living expenses for the past 20 years. Biggest part is not being a lazy soft body and learning to do all the work yourself.

This is what they mean when they say a mortgage is a hedge against inflation. Your mortgage stays the same while everything else balloons around it.

My in-laws have a place in Orange Beach, AL (which we'd really like to build a house on whenever we can figure out how to pay for it in retirement). Across the street is a trailer that's rented to two different families over the last 2-3 years for $2200-2400 a month. That's right, a trailer. Now granted it's in a pretty awesome location, but still. Single family houses in the area are only about $300k.

Kiroy · Aug 17, 2023

Big Phoenix said:
Dont forget repairs, upgrades hoa payments etc.

Even on a long time line houses really arent positives unless youre lucky. They are better viewed as resevoirs of wealth imo.

Well they're positive if your lucky enough live through an inflationary real estate period like we all just did.

Kirun · Aug 17, 2023

Palum said:
Well in the modern era also hedges against inflation

Until the government burns it down.

Big Phoenix · Aug 17, 2023

Incredibly bullish real estate news;

China Evergrande files for Chapter 15 bankruptcy

Heavily-indebted Evergrande, which has symbolized China's property crisis, made its filing amid growing fears that the sector's troubles will spread to other...

www.marketwatch.com

Elon Musk gets his financial news from tyler durdens abs;

Sanrith Descartes · Aug 17, 2023

6-month Treasuries hit 5.525%

US Treasurys

U.S. Bond market data, news, and the latest trading info on US treasuries and government bond markets from around the world.

www.cnbc.com

Lambourne · Aug 18, 2023

One of the largest payment processors here tanked yesterday. Nearly 40% down in a day. Canary, opportunity?

Jysin · Aug 18, 2023

More interesting data being floated around. Student loan payments resuming soon isn't going to help these stats.

Fogel · Aug 18, 2023

Yeah but can we get the Zerohedge version for extra shock and fear?

Sanrith Descartes · Aug 18, 2023

Fogel said:
Yeah but can we get the Zerohedge version for extra shock and fear?

View attachment 487117

Lightning Lord Rule give us the Zero Hedge reaction we need.

Big Phoenix · Aug 18, 2023

Apple is what three days under the 100MA now?

Sanrith Descartes · Aug 18, 2023

Big Phoenix said:
Apple is what three days under the 100MA now?

View attachment 487132

Its my fault. I bought it.

Sanrith Descartes · Aug 18, 2023

Blazin

Jysin so I know you look at different indicators, are you seeing a continued move on SPY down to the 100-DMA? I see a spot of possible resistance at $431, but really nothing else but air down to $428 and the 100.

Sanrith Descartes · Aug 18, 2023

AAPL working on 12 red candles in the last 14 sessions.

Edit: this chart looks almost computer generated over the last 6 months run-up. I dont think I have ever seen a run that is so systematic that it looks like a set of stairs.

Lightning Lord Rule · Aug 18, 2023

Sanrith Descartes said:
Lightning Lord Rule give us the Zero Hedge reaction we need.

We already have rustled, triggered, and clown world.

We're going on how

Blazin reacts to ZH, right?

Lightning Lord Rule · Aug 18, 2023

Sanrith Descartes said:
6-month Treasuries hit 5.525%

US Treasurys

U.S. Bond market data, news, and the latest trading info on US treasuries and government bond markets from around the world.

www.cnbc.com

Interesting. So that's 5.5% over 6 months, thus 11% annually if you buy another one after the term is up, or 5.5% annually?

If it's 5.5 annually, then SPAXX is at 4.97% now so it seems silly to lock up cash for .7%... unless you think rates are going to drop from here, which we've had no indication of from Mrs Powell.

Sanrith Descartes · Aug 18, 2023

Lightning Lord Rule said:
We already have rustled, triggered, and clown world.

We're going on how Blazin reacts to ZH, right?

lol, no I want an ultra-bear reaction and the Tyler image would be perfect.

Sanrith Descartes · Aug 18, 2023

Lightning Lord Rule said:
Interesting. So that's 5.5% over 6 months, thus 11% annually if you buy another one after the term is up, or 5.5% annually?

If it's 5.5 annually, then SPAXX is at 4.97% now so it seems silly to lock up cash for .7%... unless you think rates are going to drop from here, which we've had no indication of from Mrs Powell.

No. The interest rate is annualized. In nearly all cases, returns and rates are presented in an annualized number. So that six month is paying 2.75% every six months.

I have always kept my core position in the FDIC insured sweep account and not the money market (SPAXX) so I get less interest but its FDIC insured. So for me, the short term treasuries are more interest (about 2x) and about as safe as the FDIC account.

Sanrith Descartes · Aug 18, 2023

I put in an order to go long some shares in MP at $20.25. I like the space and since I screwed the pooch on ALB, I figure I will try MP. Revenue is growing each year and LTD to EBITDA is an acceptable 2:1 while they achieved positive cash flow last year.

Investing General Discussion

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