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  1. I like this idea too, but competition (and more importantly, regulatory risk) continue to be hurdles for me. Per WSJ a few days ago: https://www.wsj.com/articles/congress-ends-trump-era-rule-enabling-payday-lenders-to-avoid-interest-rate-caps-11624563763 Kaplan has indicated OppFi plans to hedge against interest rate caps by diversifying its revenue streams (e.g., OppFi Credit Card), but it's hard for me to bet on peripheral businesses that we haven't yet seen materialize. If I did pull the trigger, I'd probably be more inclined to do so indirectly (e.g., via a position in BTN). Anyone have updated thoughts here?
  2. I read a VIC write-up on HQI and came away impressed (no position yet): https://www.valueinvestorsclub.com/idea/HIREQUEST_INC/4304209460. Surprised this hasn't been discussed more on the forums. Strong operating margins, insider ownership, and capital allocation to date. How do you feel about valuation? Valuation still seems reasonable to me, but always tough to pull the trigger after such a big run-up over the past few months.
  3. Started a position in GoodRx post-earnings selloff. Will look to add if there's further selloff post-lockup expiration. Surprised there's not more talk on this one on the forums.
  4. For a more speculative play, AQMS. Sustainably focused battery recycling company that switched to an asset-light licensing model. Expected to sign its first licensing contract shortly. Recently paid off all debt and has a comfortable cash position. Similar situation as Anterix (ATEX), which spiked 50% upon signing its first contract to provide spectrum in December.
  5. I like Wildbrain too, Old West's Q4 letter had a helpful write-up. Wildbrain posted a strong Q2, but my main concern is the leverage ratio. While it's improving (they plan to bring it down to the mid-4x level by end of their Fiscal 2022), it's still quite high. Do you see this as a concern? (And agree we should start a separate thread on this!)
  6. This is interesting, thanks for sharing. Do you see any advantage to Dimensional over Vanguard, iShares, etc.? Looks like the exposure and expense ratio would be comparable. Beyond indices, the types of ETFs I'd consider would be things like Robotics & Artificial Intelligence (BOTZ), VanEck Vectors Video Gaming and eSports (ESPO), etc. I'd like to be able to hone in on high conviction sectors without having to do due diligence on individual companies.
  7. Hi All, I know most of this forum is dedicated to individual investment ideas, but wanted to gauge your thoughts on index funds/ETFs. I passively manage my IRA and want to diversify away from SPYs/total market index funds into more targeted index funds/ETFs that are better suited to the current market. For example, I'm considering rotating capital towards value (i.e., COVID losers) since I think the tide will continue to turn like it did in November. I'm also interested in passively playing various sectors and themes that should see continued growth (cybersecurity, clean energy, gig economy, etc.). I'm wondering if anyone has any thoughts here. Thanks!
  8. Hi all! For those of us living in big cities (I'm currently in NYC), we know the frustrations of having a high cost of living. To offset my rent expenses, I am always looking to save money in any way I can. Among my friend and work group, I've become the go-to guy for finding significantly discounted (and often free) meals. I'm able to eat as well as others at a fraction of the cost. Here's how I do it: - Ritual: This is one of my most used phone apps. Ritual allows you to place an order in advance and pick it up when ready. The beauty of Ritual is that it covers tons of restaurants that give you $5 off your first order. I can't tell you how many times I've gotten a $5 snack for free or bought a filling meal priced at $8 for only $3, all while trying a wide variety of new restaurants. Ritual allows you to accumulate points for purchases made on the app, which translates into spending credit. For example, since I work at an investment management firm and consistently stay past 8pm (after which I can expense dinner), I will buy my dinner on Ritual and expense it to accumulate points (think of it as the equivalent of frequent flier miles). Ritual also runs great promos on occasion (Ritual Eats Week, free coffee for the month after a minimum number of purchases, extra points for elite status, etc.). Here is my referral code for $10 off your first order: https://invite.ritual.co/JUSTIN2344 - Food for All: This phone app, which is somewhat new and off the radar, is working to reduce food waste by offering surplus food from restaurants for a cheaper price (great mission!). It offers a select number of meals each day from participating restaurants at 50%+ off. Most of the meals offered are $10-12 regular price, but only $5-6 on the app. While the selection is not quite as strong as Ritual, it acts as a perfect complement. The only downside is that restaurants set specific window times for when their meals are offered (unlike Ritual, which restaurants sell on from open to close). Regardless, this is my second favorite food app and a great one to add to your repertoire. Here is my referral code for your first free meal: justi1398 - Allset: This phone app is designed for those looking to make reservations. However, it also showcases a number of restaurants that have "counter service" and thus operates in fast casual too. Allset runs nice promotions from time to time. This week, for example, it pushed a promo for $5 off your next order through Saturday (today). At the same time, it is also running a great promo for $5 off each order at quite a few selected restaurants. As you can imagine, I will be combining both codes to get $10 off tonight's dinner (should make my meal basically free). While Allset does not quite offer the same level of discounts as Ritual or Food for All, it certainly comes in handy. Here is my referral code for $10 off your first order: YYSJ24 - LevelUp: You've probably noticed the white LevelUp pay scanners set up at most fast casual restaurants, as LevelUp is becoming more and more popular. This phone app offers rewards for a number of participating restaurants (think ~$5 off). While the selection for rewards / discounts is generally not as impressive as Ritual, Food for All, or Allset, the app is still quite useful. The convenience is a nice value add too, as you can simply have the cashier scan the QR code on your phone to pay. I would highly recommend this app, but perhaps not quite as strongly as the others. - Restaurant-Specific Apps: In addition to using the above phone apps, I also regularly download apps for fast casual restaurants. Many of these apps will offer a ~$5 credit to use with your first purchase on the app. Others will push or email discounts / free meals on occasion, so it helps to regularly be on the lookout for these. I have gotten countless discounted or free meals through this outlet (in addition to spam, so it's best to sign up with an alternate email address). I have thought about using various meal services as well. Most of these seem to offer more premium food and, thus, higher prices. Of those that are more affordable, I have read that some are able to justify these lower prices by giving lower portions. I am not interested in smaller meal portions and feel that for each of the phone apps I've identified, I am given equal portion sizes as those same meals purchased at full price. For now, I think I've located some of the better food apps for saving money. My thinking is that if you'll need to eat anyway, may as well save a few bucks in the process. Please share if you have found any similar apps. Thanks, and hope this is helpful!
  9. Hi All, I am looking to invest in an index fund while holding some individual stock positions as well. I am 25 years old and have a long expected holding period and reasonably high risk tolerance. If you could only invest in ~10 stocks with an expected holding period of 10+ years, which stocks would they be and why?
  10. Thanks for the help! @EliG: Bogleheads seems like it could be helpful and I'll take a closer look. @Gregmal: I appreciate the suggestion. The $100k is a combination of inherited money and earned/saved money. My annual salary is ~$80k and should increase 5-10% per year. Do you know of useful resources for getting into real estate investing? @LongTermView: Thanks for pointing that out. I read One Up on Wall Street a while ago and had forgotten these points. I'll circle back to the book.
  11. Hi All, I have followed this forum for a while and am continually impressed with your insight. I am seeking your thoughts on my personal finance matters. I am in my mid-twenties and have ~$100k in my bank account. I had originally planned to manage a portion of this through active investing but, given my fairly demanding work schedule, it is difficult to find time to individually research and select stocks. Also, while I do believe there is value in active investing, I am starting to see indexing as a viable strategy (reading A Random Walk Down Wall Street really struck a chord with me). How would you advise me to invest ~$100k (allocation to equity vs. bonds, amount to invest in each, which index funds to buy, etc.)? In terms of liquidity needs, rent is my only major expense and I live a frugal lifestyle. I don't anticipate any major upcoming spending needs. I have held off on investing recently since the market seems overvalued but, given that one cannot reliably time the market, I feel that now is as good of a time as ever to put money to work. Thanks in advance for your help!
  12. Hi all, Hope you are doing well. It's been a while since I've visited, as I have been busy preparing for CFA Level I (passed in December!) and recently transitioning to a new job. Now that I am settled, rather than continuing with the CFA Program for now, I plan to shift my focus to value investing. As a recreational investor who plans to spend 15-20 hours a week studying investing / researching investments and writing an article or two, how would you advise me to make the most of my time? The equities investment universe is expansive, and it can be a bit overwhelming to filter it down to a more manageable field. This can feel especially daunting when one considers that many PMs (guys like John Huber, Connor Leonard, etc., who I follow) are full-time investors and feel that only a few companies per year are worth investing in. I am planning to read the classics, use screeners (Finviz, Morningstar, etc.), use weekly Value Line research, and read this forum and other blogs. Please share any thoughts or feedback you have. I appreciate your help in advance. Thanks!
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