Gregmal

Bought some MSGN

Yea its entirely possible. IDK Ive heard from a number of people if you do these right you can make outstanding money. I was invited to go out to view a few of them but haven't yet taken that up. I had someone pitch me two days ago on section 8 housing deals in Philly as well. But in regards to both, Im just not really interested in dealing with those types of people and situations.

Is that strictly passive? Or time intensive which equates to an imputed income? "very part time" was basically the gist of it. You're not dealing with shit everyday and often you can find a manager with handyman skills and cut a deal where he lives there rent free in exchange for managing the property.

Just passing along what Ive been told(no audit lol), his family has been running them for decades. They own the land. Cheap acreage. Like dirt cheap to acquire. You can buy the mobile homes for like $20-$30k a pop and these things are inherently simple. Fixing them is easy if theres problems. You get 30 years plus out of them. If you own multiple parks you can even move them around easily depending upon demand. Rents believe it or not can (area dependent obviously) be in the $800-$1000 range. Even the shit ones are like $500+ a month.

If done properly, mobile homes are a total gold mine. 20%+ type stuff. Brother in law does a bunch of this in central Florida.

Shorting momentum trash is a good way to get over by a dump truck lately. Yea PLUG has driven a large one up my a$$ past few months, but its still a terminal short. NVTA Ive got a pretty good handle on the story part. Their JPM Conference pump job has become predictable(why all the smart guy short pitches were awfully timed) as has the rally to earnings. From here though, they'll have to do better than losing $1.20 for every $1 in revenue. I dont think they do. Always size these small should be the requisite disclaimer.

Started small NVTA short after hours. Added to PLUG short AH as well.

Yea cash is trash. Manage your liquidity. Thats all. People spend years, if not longer, sitting on hoards of cash being scared of "the big one". Theyre better off just investing prudently within the confines of their own temperament.

Preview of life under Bernie!

Regular reading and physical activity.

Bought some GRBK. Seems like there s a bit of safety in sunbelt RE at the moment.

https://seekingalpha.com/news/3542632-opioid-related-payouts-to-be-less-expected-nyt Seems to be continuing to play out as they almost always do. Price in the worst, and then it turns out the world doesnt end. Hardly out of the woods yet, but there seems to be a lot more clarity.

Bought a smidge more BRK 225.7

Bought a tracking position in SDGR. Super interesting company with some big name backers. Quite the valuation, but whatever. If it comes down some more I'll probably play with it a bit.

Geez, writser. You must have been really, really bothered. I am so sorry! It s funny how some react when the shoe is on the other foot. I thought for sure you were all better when Viking escaped a performance audit in the "Stocks for 15-20 year hold" thread after claiming to time the market and generate decent returns! But then a day later you're still rearranging your signature and going on long sarcastic rants. My goodness, take a deep breathe. Everything will be ok. Hang in there bud. The first 24 hours are always the toughest. Spek, With regard to Fidelity or another broker, that will be tough. The issue relates(probably) to reporting issues and FINRA crap. If the position is not big board traded, it would be hard to find someone that would take it. Maybe an Axos correspondent? Although if they do accept it you'll probably have to fill out a foreign/OTC securities report. Annoying and time consuming. Fidelity a few months ago would not ACAT in LAACZ or HTLZF when I had asked(although oddly you could buy/sell both in an existing Fidelity account). Which also leads me to suggest finding/asking for your initial purchase trade confirmations. Those may come in handy because these sort of issues stem almost entirely from the firms compliance department and WSPs and are designed to avoid issues with AML and OTC reporting. I'd probably do that for any OTC you own because Ive heard some firms are starting to require proof of original purchase to liquidate them. RBC even now requires it for positions you purchased with them! I also think you've at least got a solid lead in the company's head of legal and if I had to wager, thats probably were your time will be best spent.

Sheesh, ya this is the shit thats been scaring me with a lot of the brokers. They just dont touch anything that is even mildly at risk of being a potential problem for them. It may not work, but it might be worth contacting IB and requesting that they mail you the physical certificate. Then you can contact the company or its transfer agent and tender your shares via physical certificate and then overnight the certs with obvious tracking and insurance. Otherwise... you're probably in a tough spot.

I would suggest Pure Cycle or Madison Square Garden. Pure Cycle basically owns the MPC and will reap build out dollars; effectively a large string of one off gains that eventually bridge the gap to the highest quality recurring revenue stream- municipal water servicing. It is 15 miles from downtown Denver/4 miles from DIA and is located in basically the only place left to develop in that MSA. You have tremendous 5-10 year visibility. The only thing that stops it is probably a wide spread economic recession, which history has shown us, probably will effect everything else as well, if not more so. Madison Square Garden(if post spin, the sports teams) owns one of a kind, trophy assets. Historically, it doesnt matter what decade you start and what decade you end at, sports teams are mind bogglingly good investments. Even lousy ones. Here you get the best ones, at a discount.

Added some MSB

Then perhaps there is a misunderstanding. Those are all perfectly reasonable. You are correct in that you did not call him, or insinuate that he is a liar. Your posts seemed to be curious as to his strategy more than "There’s an unverifiable 5 year CAGR (that changes every other post ..) implying “investing god” but a verifiable 10 month post history implying “ignore list”."

Well, my last post here(hopefully, but possibly not), I will clarify that indeed using the term pos was probably not the ideal adjective nor indicative of the point I was trying to make. I was in no way suggesting that writser is a pos. Just poorly describing a general type of response that came off as an individual attack. So, in the spirit of being a little nicer, my apologies. Otherwise, yes RNO, you have been vetted by the forensic analysts and it was determined you are probably lying. As I suggested in my prior posts, you wasted your time responding and then re-engaging with pupil in the follow up requests for information; in the future you probably should be reminded that it is a waste of your time to do so. I initially thought pupil was asking questions about your purported strategy for productive reasons. Not solving the age old mystery of "where did Jay Gatsby I mean, RuleNumberOne, get his money?. I might also causally debate the idea they are envious, but certainly there is a thread of something that threatens them enough to stir up enough emotion that would prompt one to investigate something that is, as previously stated, so irrelevant, and unverifiable.

Watchwood. I think thats missing the point. Its not "uncontested bullshit". Its also unequivocally unverifiable, so theres that. It's not "just" contesting it, its piling on and then taking it down a path of disparaging him. I mean, its not like everyone here is going to run around spreading like wildfire the idea that "OMG RNO does 50% a year" if somebody doesnt take it upon themselves to call him a liar and dig up old posts to conclude that "he previously said he easily beats 25-30% so thats proof he cant be doing 50!" Then of course too, theres the about face. Writser is usually one of the first ones to cry about "oh politics" with the backdrop being the sanctity of the investment site, but also semi regularly one to be unnecessarily condescending to people about investments. I dont think its a hard bridge to cross to see that this is 1) inconsistent, and 2) probably errs on the side on unproductive to encouraging investment discussion. We can all challenge a thesis or give pushback in productive or unproductive ways. There's plenty of examples of that which dont involve unnecessarily being a pos. Nobody should give two hoots about what people claim their returns are on the internet.

Added a little more BRK and SPG

To me at least, the question is, who cares? The only one with a material benefit from RNOs returns are RNO. If we dive in, as has been done, its probable to conclude that the returns are of course "possible" but very "unlikely". But again, whether they are or arent doesnt really impact anyone but the author. If we wanted to be scrupulous jerks, we could literally attack just about every single person on the board who ever posts an investment idea, analysis, or makes a statement. We are all(hopefully) at least in the category of moderately sophisticated investors; we can all come to our own conclusions without being pompous jerks and risk alienating other(and future) posters, especially ones who actually take the time to engage. I've actually been quite surprised by how many people read, but dont post. Ive been contacted via PM a bunch of them over the years and the reason is always the same... Further, sometimes, there are people who go far out of their way to do the above, when their own "analysis" could just as easily be picked apart and disparaged unnecessarily, probably to an even greater degree. All I'm saying is that I dont think engaging in that sort of stuff is productive. For all the whining about politics from people, at least those of us that engage there know what we are getting into and its largely contained to its own section. Someone taking the time to post their thoughts or share their "strategy", and being called a "liar", or having posts from the past dug up and ridiculed...I dont really see what purpose any of that serves. (especially again with the nitpick bs like "oh you said easily 25-30% here, and now say 50%! OMG. well, 50% is "easily" better than 25-30%..." Who fucking cares? We all do our own thing. We're all going to be wrong if we invest enough. We're all going to make mistakes. If there are folks who claim they dont lose money or make mistakes, well, I think most of us are capable of drawing our own conclusions..... I'd point to Cigarbutt as probably a good example of doing it the right way...

Well, as usual, the forum police arrive. But I dont think its really worth the effort or energy getting bent out of shape over what some guy on the internet claims his returns are or arent. I think, but he can correct me if I am wrong, pupil asked questions out of interest, particularly to see if there was anything inherently useful in the purported strategy that he could explore further. If there isn't, discard and move on. If there is, valuable information has been attained; one of the main purposes of existing on an internet based investment community. I think its probably wise to view places like this as an ecosystem where one can both learn, and contribute. After all, one's market timing strategy works for them, no different than others who purport to fervently search for any sort of irregular M&A spread or deal with an attached CVR, buy without spending "much time on the proxy"(despite admitting "In my experience the 'background' section is usually one of the most interesting parts of a special situation proxy"), apply some plug in input from the Kelly criterion based largely on inexactly quantifiable judgment calls, and then "hold on for dear life", because after all, if it doesnt work out, its just another "short term trade that becomes a long term investment".... All jokes aside though, I think its counter productive to the purposes of an investing community to go out of ones way to be a jerk to another contributing member(at least in the non politics section), as we recently saw in the Altius Minerals thread; it can have unintended(or more malignantly, intended) consequences. Read and explore/discard. Or if you're frail, just ignore the user if they bother you that much.

And the rebuttal to the rebuttal. https://static1.squarespace.com/static/5a81b554be42d6b09e19fc09/t/5e4073fcff19c4789026a215/1581282304249/Blue+Orca+Issues+a+Rebuttal+to+China+Medical+System.pdf