muscleman

Why did they tell you never to do that again? That's weird..... Are your living expenses mostly paid by credit card? There are lot of credit cards that offer zero fee forex convesion.

You are assuming that they are 100% long all the time, which is not the case with hedge funds. When the index went down 20% last year, they were probably down 8%. The index fell 5% last year, and the smart folks "only" lost 4%. Thats a big 90 basis points of outperformance during a bad year if it means sacrificing 20%+ during a good one. Overall, the industry saw its biggest annual loss since 2011, declining 4.1 percent on an a fund-weighted basis, according to Hedge Fund Research Inc. https://www.bloomberg.com/news/articles/2019-01-09/hedge-fund-performance-in-2018-the-good-the-bad-and-the-ugly I am more interested in how David Tepper and Ren tech did last year than how the overall hedge fund industry did. Just because someone is doing it full time doesn't mean they are better.

You are assuming that they are 100% long all the time, which is not the case with hedge funds. When the index went down 20% last year, they were probably down 8%.

"They are endless money pits" - Scotty Kilmer If you want reliable, no-brainer cars and you like the design, I would go with Toyota. Most of the Hondas are great as well. Recent Mazdas are great value for money, reliable almost as the Toyotas, have very nice design(I love them). Also consider Hyundai/Kia - very good value/features etc.. If you are willing to spend more or want more premuim brands, check out Lexus/Acura/Genesis. Especially Genesis can be a great value second hand. Avoid anything German, specially premium German(Mercedes/BMW/Audi), unless you really like them. Also better avoid anything with CVT or Dual Clutch transmissions. They tend to have many problmes and are expensive to repair. Do you have any specific models in mind? What is your budget? Willing to buy second hand? Size/shape(passenger/SUV?). I wouldn’t trust Scotty Miller. I think he may be paid by Toyota. Toyota is very good at marketing it’s crappy cars through self media. I remember one day Scotty said his son bought a new Toyota Tacoma and expected to keep it for decades. If you check Consumer reports or other car review channels, you can see that the new Tacoma is one of the least reliable pickup truck on market. Its highest end TRD PRO off road trim is also a complete joke. Search for a YouTube video for Honda Ridgeline base model driving into Death Valley Race Track, with a Tacoma TRD as the support vehicle and see what happened. The Tacoma’s all four suspension exploded after 6 miles while the Ridgeline base model made it back in the end with tiny leaks in one suspension. The new Tacoma is still in the early stages of the model. If you go and look at the 2015 model they are basically tanks. I know a guy personally who had a 2015 Tacoma TRD and did 20k miles overland throughout the course of a year (he took a leap year). He went all over the states and ran some pretty difficult runs. Didn’t have a single issue. I have a 2017 Tacoma and it has been rock solid. I’m not a fan of the new auto transmission which is in my opinion not programmed correctly. At least not as refined as it should be. But the shift points don’t necessarily translate to poor mechanical durability. Both engines V6 and 4 cylinder are extremely reliable and have been proven over time. Toyota us also known for their extreme testing. Not to mention professional race results speak for themselves. Tacoma and Tundra win the Baja 500 and simply dominate the field I will agree that the TRD package is not worth the money you shell out. You could save yourself some money and just install some OME Coils paired with Bilstein 5100’s and OME Dakar leaf springs. That would take you anywhere in North America with confidence. Luckily if you’re in Europe or Asia you can get your hands on the Hilux which is legendary for dependability. There is also a huge difference between a Honda Ridgeline and a Tacoma. One the Honda is basically a Pilot with a bed. It has independent suspension (think car). It’s not a truck. The Tacoma has a solid axle and a truck chassis. My point is that Scotty Miller said his son RECENTLY bought a New Tacoma AND expect it to last decades. Even non mechanics like us know the new Tacoma is no good. So I think he is paid by Toyota to advertise for them. Well the newest TRD Pro ships with Bilstein 4600’s. So a suspension failing has nothing to do with Toyota and everything to do with Bilstein. To say an entire vehicle is terrible because aftermarket shocks supplied by another company failed is a bit disingenuous. When it comes to brand reliability it’s always Toyota, Lexus at the top and Buick. All of the big 3 American brands are way near the bottom (cough cough Jeep). Toyota Tacoma’s, Land Cruisers, Tundras and 4 Runners often do last decades if they are properly taken care of. I’m probably a bit biased but hey everyone is with something they own :P But I’m also not a fanboy. I recognize the flaws. That’s why I bought the 10 year warranty :P The new Tacoma has more problems than just the suspension. It is rated the least reliable pickup

"They are endless money pits" - Scotty Kilmer If you want reliable, no-brainer cars and you like the design, I would go with Toyota. Most of the Hondas are great as well. Recent Mazdas are great value for money, reliable almost as the Toyotas, have very nice design(I love them). Also consider Hyundai/Kia - very good value/features etc.. If you are willing to spend more or want more premuim brands, check out Lexus/Acura/Genesis. Especially Genesis can be a great value second hand. Avoid anything German, specially premium German(Mercedes/BMW/Audi), unless you really like them. Also better avoid anything with CVT or Dual Clutch transmissions. They tend to have many problmes and are expensive to repair. Do you have any specific models in mind? What is your budget? Willing to buy second hand? Size/shape(passenger/SUV?). I wouldn’t trust Scotty Miller. I think he may be paid by Toyota. Toyota is very good at marketing it’s crappy cars through self media. I remember one day Scotty said his son bought a new Toyota Tacoma and expected to keep it for decades. If you check Consumer reports or other car review channels, you can see that the new Tacoma is one of the least reliable pickup truck on market. Its highest end TRD PRO off road trim is also a complete joke. Search for a YouTube video for Honda Ridgeline base model driving into Death Valley Race Track, with a Tacoma TRD as the support vehicle and see what happened. The Tacoma’s all four suspension exploded after 6 miles while the Ridgeline base model made it back in the end with tiny leaks in one suspension. The new Tacoma is still in the early stages of the model. If you go and look at the 2015 model they are basically tanks. I know a guy personally who had a 2015 Tacoma TRD and did 20k miles overland throughout the course of a year (he took a leap year). He went all over the states and ran some pretty difficult runs. Didn’t have a single issue. I have a 2017 Tacoma and it has been rock solid. I’m not a fan of the new auto transmission which is in my opinion not programmed correctly. At least not as refined as it should be. But the shift points don’t necessarily translate to poor mechanical durability. Both engines V6 and 4 cylinder are extremely reliable and have been proven over time. Toyota us also known for their extreme testing. Not to mention professional race results speak for themselves. Tacoma and Tundra win the Baja 500 and simply dominate the field I will agree that the TRD package is not worth the money you shell out. You could save yourself some money and just install some OME Coils paired with Bilstein 5100’s and OME Dakar leaf springs. That would take you anywhere in North America with confidence. Luckily if you’re in Europe or Asia you can get your hands on the Hilux which is legendary for dependability. There is also a huge difference between a Honda Ridgeline and a Tacoma. One the Honda is basically a Pilot with a bed. It has independent suspension (think car). It’s not a truck. The Tacoma has a solid axle and a truck chassis. My point is that Scotty Miller said his son RECENTLY bought a New Tacoma AND expect it to last decades. Even non mechanics like us know the new Tacoma is no good. So I think he is paid by Toyota to advertise for them.

"They are endless money pits" - Scotty Kilmer If you want reliable, no-brainer cars and you like the design, I would go with Toyota. Most of the Hondas are great as well. Recent Mazdas are great value for money, reliable almost as the Toyotas, have very nice design(I love them). Also consider Hyundai/Kia - very good value/features etc.. If you are willing to spend more or want more premuim brands, check out Lexus/Acura/Genesis. Especially Genesis can be a great value second hand. Avoid anything German, specially premium German(Mercedes/BMW/Audi), unless you really like them. Also better avoid anything with CVT or Dual Clutch transmissions. They tend to have many problmes and are expensive to repair. Do you have any specific models in mind? What is your budget? Willing to buy second hand? Size/shape(passenger/SUV?). I wouldn’t trust Scotty Miller. I think he may be paid by Toyota. Toyota is very good at marketing it’s crappy cars through self media. I remember one day Scotty said his son bought a new Toyota Tacoma and expected to keep it for decades. If you check Consumer reports or other car review channels, you can see that the new Tacoma is one of the least reliable pickup truck on market. Its highest end TRD PRO off road trim is also a complete joke. Search for a YouTube video for Honda Ridgeline base model driving into Death Valley Race Track, with a Tacoma TRD as the support vehicle and see what happened. The Tacoma’s all four suspension exploded after 6 miles while the Ridgeline base model made it back in the end with tiny leaks in one suspension.

Could anyone let me know please? I know for us stocks I can visit insidercow.com and it is pretty easy to track.

To truly answer the question, we can likely deduce the average value investor is not an Uber driver but rather a white collar worker who earns a reasonable amount more than the Uber/lyft driver. Therefor, the answer is Lexus and Acura’s. Toyota still hasn’t fixed the automatic acceleration problem, and even in 2019 there were cases when the driver pressed the brake and the car accelerated out of control. Toyota==Russian Rullette. Damn I was not aware. Good advice would be make sure to check the recalls for your VINs and even not the full recalls but also the service bulletins. Also check some car owner forums. My 2013 CRV hasn’t given any problems (knock on wood), bought it 3 years used with 20k miles. So there some anecdotal data if at all helpful. 2013 CRV is fine but don’t buy a new 2019 one. I heard their new engine has serious problems and the engine oil level increases as time passes by. However Honda is known for the poor quality of the transmission. They build their own tranny which uses a weird technology and a lot of Honda Odassy drivers say the tranny won’t last over 80k miles. Not sure if the CRV uses the same tranny. Alright, well you’re fuckin killing me here ;) No problems with the tranny (yet). Biggest problem is the actuator in cold weather. There’s a service bulletin out on it but based on my review the severity does not seem super high. Worst case it’s a 600$ fix. But I’ll look into the transmission- thx for the heads up. What do you drive Btw? I drive a 2018 Chrysler Pacifica. Chrysler is also not great for reliability but I need a van that can carry 7 adults comfortably and there are few choices. But who knows what the problem might be for the Pacifica.... I know the Engine is a great one and the tranny was quite problematic in 2016 but the 2018 one should have fixed most problems

To truly answer the question, we can likely deduce the average value investor is not an Uber driver but rather a white collar worker who earns a reasonable amount more than the Uber/lyft driver. Therefor, the answer is Lexus and Acura’s. Toyota still hasn’t fixed the automatic acceleration problem, and even in 2019 there were cases when the driver pressed the brake and the car accelerated out of control. Toyota==Russian Rullette. Damn I was not aware. Good advice would be make sure to check the recalls for your VINs and even not the full recalls but also the service bulletins. Also check some car owner forums. My 2013 CRV hasn’t given any problems (knock on wood), bought it 3 years used with 20k miles. So there some anecdotal data if at all helpful. 2013 CRV is fine but don’t buy a new 2019 one. I heard their new engine has serious problems and the engine oil level increases as time passes by. However Honda is known for the poor quality of the transmission. They build their own tranny which uses a weird technology and a lot of Honda Odassy drivers say the tranny won’t last over 80k miles. Not sure if the CRV uses the same tranny.

To truly answer the question, we can likely deduce the average value investor is not an Uber driver but rather a white collar worker who earns a reasonable amount more than the Uber/lyft driver. Therefor, the answer is Lexus and Acura’s. Toyota still hasn’t fixed the automatic acceleration problem, and even in 2019 there were cases when the driver pressed the brake and the car accelerated out of control. Toyota==Russian Rullette.

LOL Subaru is known for cheap quality interior even for its highest end models. Its boxer engine is also an outdated gas guzzler

whats your budget and intended purpose of the vehicle? Are you able to do maintainence yourself?

What you guys just discussed is the total inflow/outflow of money to the whole stock market, which is quite different from the net inflow/outflow to the mutual fund + ETFs.

Eric doesn't initiate any threads. He only reads the existing threads and pick bets from there. This study focuses on the original idea generation, but investing ideas don't have to be original.

Yep. That's what my understanding is. Stock pickers are not the less sophisticated investors. The least sophisticated investors usually have no knowledge of the markets, but wants to make money anyway in market rallies, so they invest in MF and ETFs. Now that the stock selection process is removed from them, the only decision they can make is timing, which is even harder than stock selection. The stock market is a zero sum up game (excluding dividends and fees.), so there has to be someone losing, and it is therefore important to watch what the less sophisticated group does because usually they are the suckers.

The data is for tracking RETAIL investor flows, and in general they are the worse investor of all classes.

It is more important to focus on data than anecdotal. I am bullish because I like what I see here.

https://www.wsj.com/articles/us-china-confirm-reaching-phase-one-trade-deal-11576234325?mod=hp_lead_pos1 U.S. and Chinese officials announced a limited preliminary agreement Friday to halt the trade war, with President Trump removing the threat of new tariffs on China and Beijing agreeing to some new economic rules as well as unspecified purchases of American farm goods and other products. So this is just a truce, not a real deal. We all know what's gonna happen to these "some new economic rules as well as unspecified purchases of American farm goods and other products.". Nothing will happen. Check what China agreed to in WTO deal and what it actually did.

I remember back in 2016, when the Brexit referendum passed, the pound went down sharply. How come this time it is the opposite?

This is a completely false statement. Uber pays their engineers in about half stocks and half cash as well, just like their tech competitors. Regarding the day to day drivers, the cash cost is real, no matter paid in stock or cash. You can't compare that with SAAS operators like Splunk, which has bare minimum operating cost.

He said a few times lately that the remaining half of Chinese import will get the tariff raise on December 15th, if no deal is reached. With strong job numbers this week, Trump doesn't seem to have any reason to back down, and I don't see any reason that the Chinese bureaucrats who acted foolishly throughout the negotiation will suddenly get smart. Therefore I don't expect a deal by December 15th. What do you guys think? The market action this week seems to suggest that it doesn't care anymore.

Fidelity seems to be the only broker that does not get paid on order flow AND also charges zero commissions AND gives a very good interest rate on cash if you select their government obligations sweep fund. How does it make money then? ::)

How would you analyze and compare AUY, KL, GOLD, AEM and a few others? In addition, regarding gold price, I see there was a period when both the equity market and gold were bullish. What kind of environment would cause that to happen? Right now all central banks are printing money like mad. Is that sufficient to prop gold prices higher or is there some other factor needed?

Instead of keep whining, I think the best thing to do at the moment is to bite the bullet and move on, and spend the time to improve your strategy, and learn. You didn't lose money. That's good enough. If your strategy relies on buying obscure names in developing countries, and you repeat it over and over, you are just playing Russian Rootlet, and will be killed sooner or later. You need to have a strategy that keeps working for you and you can keep replicating the good results over and over.

Big day today, our SC filing is due. Should be interesting to see if the lawyers indirectly ask for the SC to take up the APA given Calabria and Mnuchin shockingly defend the NWS day after day in court and publicly. Thank you. When will SC say if it takes the case or not?