fareastwarriors

Happy lunar new year to those who celebrate!

Wild weekend of football ! My niners couldn't finish the job...

Let's go niners!

JBGS

JBGS and AIV

Man I really need to get out of my bubble and enjoy this big country. I just bought a $700k 2bed/1bath 900 sq ft place and I felt like I got a great deal! F'ing Cali.

Just for kicks, I went to look at the performance of my old firm. All their equity funds are underperforming their indices for past 3,5, and 10 years. Their income stuff are beating slightly. They don't manage not exotic stuff. The benchmarks are like S&P 500, MSCI EAFE/World... So much underperformance but yet AUM up by hundreds of billions in last couple of years. It such a good racket... At least my old firm only charges 40-70 bps for their funds....

Sales load 1.25% mgmt fees and performance fees? Fuk these guys.

Might be late to the party already but SCHW. Highly interest rate sensitive and well run business.

I'm waiting for my inheritance... Oh wait, I still to support my parents. Darn!

More VICI

Morgan operates in WV so probably not too many Costco's nearby. Personally I go for the chicken bake since I find it way more filling!

Why does he constantly pump $PAR? Seems excessive

I know you're a pro managing 100s of units but for the benefit of others, there are some ways to reduce the cost at home improvement stores. -Buy the 10% off coupons for Home Depot and Lowe's -Pay with gift cards bought from grocery stores using the 6% cash back credit cards (like Blue Cash Preferred) or from Staples with the 5% cash back Chase Ink Business Cash card -If paying with credit card, at least pay with BofA cc with Platinum Honors for 5+% cash back for home improvement stores -sign up ProRewards for Home Depot (or even share 1 account to boost savings faster) I'm sure I missed some stuff but with the coupons and gift cards, etc, my margins are instantly better than the average landlord/contractor paying with regular credit card/cash. This is probably not worth the squeeze but I never pay retail for fast food or chains out of principle! I collect all the flyers with coupons and leave it in my truck and/or wait for promos on the apps. My Subway flyer has coupon for $6 footlong. Edit: I'm in California so definitely not low cost area!

Rest in Peace

a bit of MSGN a house - Investment SFH - closing this week.

Randomly saw this. Wow, so much money out there earning negative yield. As a layperson, it's hard to comprehend. https://www.bloomberg.com/opinion/articles/2022-01-07/-10-trillion-in-negative-yield-debt-should-bolster-stocks The Most Important Number of the Week Is $10 Trillion The amount of bonds globally that have negative yields should support the stock market for some time even as central banks turn hawkish.

Play ball! I'm closing on an investment SFH next week.

I don't mind seeing more carnage out there. The crap is rightfully getting killed sure but the quality stuff is not down all that much.

VICI and TPHS

Apple hit a market cap of $3 trillion, tripling in valuation in under four years. https://www.cnbc.com/2022/01/03/apple-becomes-first-us-company-to-reach-3-trillion-market-cap.html

Happy New Year! To wealth, health, and love!

Haven't touched ibonds in years but yet I'm here for the party. Put in 10k order today. Hope I make the cut off!

Merry Christmas and happy holidays! Appreciate our family and loved ones and everything we have. Here's to another healthy and prosperous year!

more MSGE.