Red Lion

Costco always raining on my backyard egg operation.

I'm just an amateur, but I have to say I agree, this reminds me of the sentiment every time I start thinking about buying railroads. They always seem to bottom out about 5-10% higher than my target backup the truck price. I recently opened a position in CP under this premise...wasn't quite there but it seems to never hit the range I want. 2.6% on TIPs does seem attractive for retirement accounts.

I’d take as much leave as you can get. You won’t regret it later. Plus you can still advance yourself through self study during the time off.

I sold a good chunk of my original shares but I’m holding onto a core position of APO and OWL. Interesting to see OWL still flying high while APO has pulled back about 15% from its highs. I bought quite a bit of JOE/ FFH / CP with the proceeds, hopefully I’ll buy back into a full position in APO/OWL after a pullback. These are long term holds for me as opposed to the Brookfield names.

I find it interesting posting in this thread as I feel it could be a gauge of a top perhaps? I don’t have an answer for you as it depends how close I am to the family. At minimum $250, but perhaps much more if it’s a close connection.

Yet all the progressives are posting memes about musk inheriting an emerald mine so he’s really not so impressive, and by the way if anyone in the market for a used tesla?

So many people bailing at once is kind of what makes it the good opportunity in the first place.

FFH in my retirement account as I continue rebalancing my portfolio there after taking some nice profits.

Closely held stock - 41% Ag property - 13.5% Rental property #1 - 19% Rental property #2 - 13.5% Rental property #3 - 13.5% Rental property #4 - 7% Taxable investment accounts - 10% Tax deferred accounts - 9% Primary Residence - 12% So I'm a total net long of 138.5% with the leverage consisting of deferred tax and mortgages (of 26.5% of my net worth).

What do you plan to reinvest the real estate into? Will there be a big tax drag on this? Are you French? Curious how this works for taxes.

If you're rich enough you can get private security, and assets in other jurisdictions, and fast cars and planes and boats to reach them. Very few people would fall in this category though.

Added some MAA today in my tax deferred account.

You pretty much summed me up in this tip of the iceberg stock scenario. But what you’re discounting is the ability for the private business worth $2 million to outperform the stocks. A private business is an equity investment, and should be held with the intent to outperform a public equity portfolio. I’ve been fortunate to have massively outperformed with some private business investments that are pushing 100 baggers over 10 years. There are no longer amazing opportunities for reinvestment so I’ve been investing into stocks and privately held real estate investments. I’d far rather keep 100% in private business interests and fully leverage my personal residence if I still had a runway on 20-30% ROIC for all of my capital, and would like to leverage that to see even higher ROE. Stocks are an opportunity to maybe compound at 12-15% over the long term after tax if you’re really fantastic at what you do.

Do you have any good ideas in the community bank space? This is not an area I've followed closely, but I'm looking for new sectors to follow.

Momentum trading would be a strategy and value stock would be a stock selling below its fair value. I believe that investors can and have made boatloads of money by momentum trading value stocks. I have recently been dabbling more and more with an approach which has a little hint of momentum bias where one would select a basket of seemingly attractive stocks. Harvest short term losses on the ones that don't work out and reinvest in other seemingly attractive stocks. Don't double down on losers, ever. Consider increasing positions on winners even when it means increasing your cost basis per share and even around all time highs, but only when the business fundamentals are strong and improving, and valuation remains reasonable or even improving. Never Sell? Match gains to tax losses to reinvest in the next best ideas? Sell half the position when a stake doubles, and then let the rest ride for the long term? The selling part is the hard part, and I've certainly left a lot of gains on the table by poor selling discipline or selling too soon. I've significantly improved my returns though by trying to feed the winners and weed the losers. I think very good long term returns will require adding to winners and holding. Sometimes a stock that's beating the market continues to be a great investment. Sometimes a stock will bump against an all time high while the fundamental value keeps increasing. I've seen several of these situations before breakouts with long time compounders.