villainx

Happy holidays!

I've been worrying a bit about JPM Chase when Jamie Dimon retires. Dimon looks okay in the recent videos of his, but at the same time, he does look/sound older.

@schin, I'm not sure I understand your question, or your question is not clear. Unrelated, I was listening to a podcast (Animal Spirits) that was discussing Munger's interview with Becky Quick. Munger said something along the lines that he would have started investing earlier, or just generally be better, smarter, harder working at it, which would have made much more wealth. The podcasters implied that Munger was envious of greater wealth generally or envious compared to Buffets' wealth. When any simple understand of Munger would be so far from the case. If anything, my understanding is that Munger was very generous to his family and charitable giving. That he otherwise would have many times his net worth today.

haven't seen this one before.

Not only not bad, but overall, really great.

Rest in peace. Great teacher and role model. I've been enjoying some of the youthful pics of him that has been circulating in articles. Very dashing.

@Viking thanks, i learned a lot.

I know it was previously discussed up thread but FFXDF isn't a PFIC but may be designated as such? And in any case, I can buy FFXDF in either traditional or ROTH IRA and don't have to worry if it is or isn't PFIC? I just bought some in my individual account and basically sold it a couple of hours later because I found out about potential PFIC issue.

I feel so embarrassed to post this. But can folks share general guidelines on what type of equities (and I guess options) belongs to which trading account amongst taxable, traditional IRA, and Roth IRA? My general assumption is that higher yielding dividend stocks works best in Roth. While no/low dividend works best in traditional and taxable. I’m less certain on what to do with speculative stocks. I am thinking any trading account is okay, with some consideration given to taxable accounts allowing for offsetting capital loss if the bet turns sour, while the IRAs allows shielding from capital gains if speculation works out. This would apply to trading options too. I’m most flummoxed with foreign stocks. And would it be different if it was sponsored ADR (BABA, INFY, GRVY), unsponsored ADR (LMUY), OTC (TOITF, NTDOY, LVMHF), foreign USA listed (MELI, MDT), foreign listed (MC.PA, PSH.AS). And that’s not taking including Canadian stocks (BN, CNSWF, FRFHF). Is there reasons why foreign stocks or certain type of foreign stocks should or shouldn’t go into any particular trading account? I vaguely know of foreign taxation withholding and crediting issues, ADR fees, and such stuff. Though most of the foreign companies I look at don’t really pay much or any dividends (and I don’t itemize my deductions anyway, so it shouldn’t really matter?). Right now, I’ve been restricting most of my foreign stock investing in my taxable brokerage account, mainly for fear of unknowingly making a mistake in holding - for example - CNSWF or MELI in either my traditional or Roth IRA. These feel like such a newbie question, but I've been looking for advice on this for a real long time. Appreciation in advance!

Is it worth it to get Seeking Alpha's premium service? I used to freeload there a lot. But has scaled back for a year or two. Now they improved their restrictions so it's only useful (news/articles) in the premium tier. Or is there something comparable elsewhere? Since it was mentioned elsewhere. I would say equities-wise, things must be getting closer to the top, from my past investment cycles, when I become more active researching and investing, a crash usually is imminent. Though this time, it's more that I had some cash that freed up, rather than FOMO.

I love mini vans. And currently have an early 2010s Sienna. Great ride for growing fam. Depending on how often you upgrade, if possible, get a hitch for whichever car for your future bike transporting needs.

Happy belated!

Yeah, it's fine to go for the fake outrage or clickbait, but that article sabataged itself. Lumping folks who appear to do things seemingly fair and straight with Thiel's suspicious dealings was just poor judgment.

Ditto for being a very nice explanation.

I added to my ERII recently. Assuming most folks here don't know much about this company, one thing they do is pressure exchange devices for desalination plants. Partly due to the reliability and simplicity of their devices, It's suppose to be a solid, slow growing business (minimal recurring service and replacement biz, in other words). They also have a speculative side hustle in developing the PX tech for hydraulic fracturing that they've been trying to bring to market forever/since many years ago when I first invested (ie, it's being tested, it's seeking approval, it's in another stage of testing, etc). My understanding is that products help with efficiency and the related cost savings for many industrial type processes. The latest news is that they are adopting the same tech for CO2 refrigeration. It follows more closely with the solid, slow growth business of the desalination biz. But the main thing is greatly expanding their TAM. This presentation explains better: https://youtu.be/Pjz03LSzhTM Anyway, not exactly a value pic, but ... I just wanted to contribute something here. Also welcome any (and especially) criticism!

Did old site use to number posts, so it could be referred back to? Anyway Wabuffo, that you for your post. I think I heard your USG story before, but I have so many similar type stories. Sure I still have tons of regret, but they've been invaluable in helping me stay humble, and sharper. Assuming Ted did his IRAs straight, it would really be interesting if there was more description on it. Then again, survivorship bias, and it'll be generally be unwise for most folks to emulate his approach.

I wonder if there is consideration for SEP type, if he was running his own biz, he could have super charged his contributions. Just another consideration.

even assuming 30% over 30 years, i feel ... i'm going to have a hard time replicating that success.

Added tracking for SE and OSSIF. SE cause FOMO. OSSIF cause of bad habit on liking new green-ish tech solutions.

Anything overtly negative for SE? Or just locking short term bump? I'm still trying to build a full position for SE.

I guess this is as good as any place to state survivorship bias, right? Not disputing just easy to envision potential owner operators that fail once sold. Uh, for my sake, I hope not too true.

Pretty much it. Just wanted to add that there are too many uses for cash - including paying out working minority/family members, setting up inheritance, etc.

Did you respond to that post or in that thread, or remember if someone else did? Plus do you remember which section of board? You can run search in that section or view past posts of your own or members?

I attribute my 2020 to luck. Basically, largest position was in a good tech fruit stock. And NOT messing around too much when things went good/bad. I also found this board very helpful with idea generations.

Which Ben Franklin book are you guys talking about!??!!!??!!!