Gregmal

Wage inflation is inevitable and ESG is certainly not transitory; its gaining steam. Definitely not welcome news for large scale, low wage labor reliant operations such as the QSR stuff, Walmart, Amazon, etc. Housing as well is the easiest area for the government to goose with regulation/subsidies and what better way to keep on buying votes than pumping affordable housing programs? So some of it is one off disruptions in certain areas but theres also some very important areas where those things have nothing to do with it. We talked about it in the job market thread...where do these jobs now come from?

Great quick read. As always, Kuppy nails it. It feels like the engine has been revving on the inflation trade all year, and at some point I think it really takes off. https://adventuresincapitalism.com/2021/09/20/when-the-levee-breaks/

Man BOMN is your bitch huh? What'd you do 20 to 45 and now rebuy the bottom at 24 and pluck $10 in a few months? Too bad theres no options.

Shorted some CLF 9/24 $19 puts for 40c

Well thank God we got Biden in there. I'm sure he'll fix this. LOL Voting has consequences. Jokes aside, I dont see how you can start going down a very slippery slope of retroactive taxes which is effectively what this is. It would be one thing to grandfather existing stuff in, but people have literally planned their whole lives with these type of things and now its like "oh you were too good give it up". Same thing with the 1031 exchanges. The groveling for new dollars to fund this ridiculous new budget is disgusting.

Not even into buildings, but just in general...what happens when there's failure? Just drop down on top of people in the streets? Even if theyre 2x as reliable as a real car, thats still too many incidents. Been wondering how they solve this since watching Minority Report like 20 years ago.

Had to interrupt my golf outing to do some trades! Took about a 7% position in GLD. Looks like a good hedge position with multiple ways to win over the next 2 months between China and the US government shutdown issues. Added a few VWTR, FRPH, JOE, VICI. Shorted some CLF Jan $17 puts, waiting for mid week to hit up some weeklies. Closed some BRG swing position from last week.

https://www.globenewswire.com/news-release/2021/09/16/2298781/0/en/CTO-Realty-Growth-Announces-Recent-Disposition-Activity.html 5.1 for a Wells campus with like 3 years left on the lease. Solid prints on the retail outparcels as well although IMO the Chickfila should've gotten a stronger bid. Obviously retail is dead. Long live the Sun Belt.

Looks like the turd may be in play. https://www.bloomberg.com/news/articles/2021-09-16/bluerock-residential-is-said-to-explore-strategic-options-sale Undoubtedly several very positive read throughs for APTS as well. Folks, we've found the money trees! theres a whole forest of them.

another slug of AIV March 5s

I think its a great idea for people to keep an eye on stuff like this. Finding a new and disruptive theme in the early innings, with a great long term story is one of the easiest ways to make a ridiculous amount of money in a low risk fashion. As for the BAC list....I think some of those things have already peaked in terms of investment opportunity. Others haven't gotten enough traction.

You are focusing on the hand waving. The bottom line is that any dollar THEY can get their hands on they will try to. Especially if you dont have the numbers at your back. The more the numbers skew, IE income inequality, the more abusive they can be to the haves. The more haves or have offspring they turn into have nots, the more reliance on the system, the more reliance on the system, the better off THEY are.

Read everything you can get your hands on. Start with some classic books. A few of my favorites are the Market Wizards series, Reminisces of a Stock Operator, and Bull! A History of Boom and Bust. From there you can start figuring out what suites you as far as a style goes. I've also advised folks(like pure newbies) half jokingly to figure out what a degree in investing would cost...Take 25% of that amount and put it in a trading account. And just get to work. The best educational material is ultimately gained on the field.

https://www.route-fifty.com/management/2021/09/deploying-national-guard-fill-school-bus-driver-shortage/185357/ Poor people willing to work are gonna get paid soon. Wages have to go up. I did a brief errand run yesterday and lazily tabulated that out of the 3-4 dozen stores I passed, probably 70-80% had help wanted signs up.

CLPR March 5s. Edit: filled. thanks

small add to ALCO

https://www.cnbc.com/2021/09/14/america-is-short-more-than-5-million-homes-study-says.html Single-family home construction is running at the slowest pace since 1995. A bit of a ways away from "we're almost at the 2M figure that will blowup the housing market and subsequently the economy"...

Wasn't DD one not long ago?

Depending upon how its set up, I would consider allowing non members to view the entry page to Investment Ideas. Rather than making that part of the forum members only. The reason being is that someone being able to see the ideas being discussed may be more of an incentive to plunk down $50 or whatever. That was one of the reasons I joined. Saw discussion on a name I followed. So allow entry to investments but limit entry to the specific threads.

Thanks John. Yea kinda a house warming. Every year I have family and friends come up for Taco and Margarita Festival at the county fairgrounds. Last year was cancelled so this year had much anticipation. My brother recently got a new dog and my wife is a bit of a worry wort. We have 3 dogs including a Tibetan Mastiff so she was worried about the reaction to all the company. We recently closed on a beautiful new property so to solve her worries I was like "we have a second home...." and thus ended up breaking in the new place with some food, fun and booze. Tonight we're back at the other house. Drinking again. Excuse the Miller Light, I ran out of my drink of choice...Natty Light. I was inspired by @longlake95 so grabbed a bottle of Hendricks LOL

Yea Bombay Sapphire or Hendricks are great. Bourbon is my choice for a straight drink...gin alone is gross. But the best drink of all time is 1000% a gin and tonic.

Haha one of the best arbitrages Im aware of is the Bombay Sapphire. My parents can get the 1.75L at Publix in Tampa for $29.99 whereas in NJ the 750ml is $34.99 and the 1.75L is $44.99. I always have them bring a case when they visit.

Something for everyone lol. I dont discriminate. Breaking in property number 6 with some friends.