Red Lion

Started a position in RTO, been watching the discussion here for a few months and decided this would be a good place to start.

I bought back all the APO shares I sold between $160-$175, added a few more for good measure. This is in tax deferred account.

That's a really interesting idea. Is it owner occupied or vacant? You could maybe work something out to lease the property until closing so they also get some rental revenue while they wait to close.

Very good point and no arguments here, clear double standard.

I was going to mention the only way I’d put a third of my net worth in a house would be a sweet view. I’m more partial to ocean than city, and a decent ocean front house in California is way out of my price range, so I’ve got a long way to go.

I just wrote a great response and somehow lost it. So a quicker and dirtier response: 1) There's always been a latent racist/nationalistic/anti-immigrant group in America. 2) Yet more women and minorities voted for Trump in 2024 than in 2016 or 2020. 3) This is an issue of the Democrats moving to the (minority) progressive persuasion of their party even though the American people can't stand it 4) The middle moves elections, not the entrenched voters on both sides, and the Democrats of the last few years have moved so far out of line with the American people that they held their nose and voted for Donald Trump. 5) I bet John Fetterman would have won. Not because he's a white, working class man's man (although I'm sure some voters would love that), but because he's a centrist 6) All great Democrat presidents (except perhaps FDR) have been centrists.

You just summed up why Donald Trump got re-elected.

I respect that, fair enough. Hopefully things resolve in a less severe downturn than you predict. That's my view.

@SharperDingaan What sort of employment numbers are you expecting, and by when? I might be interested in a friendly wager.

I can see selling off the portfolio and buying back in. Markets are headed down and things are overvalued anyways, probably as good a shot as any at timing a downturn like this. But I think massive unemployment in the USA is a pipe dream, do yiu mean in Canada? We already have a labor shortage. Tariffs may be a short term bluff, but significant deportations seem far more likely, and the flow of migrants (low end workforce) has already slowed to a standstill. Then we have a great wave of retirements beginning, and an upcoming younger Covid generation that is working far less than previous generations.

The flip side to that is that the administration is trying to drop spending by around $1 trillion with the DOGE cuts, and they are hoping that tax receipts increase with greater GDP growth. I'm not saying I agree that either of these are going to materialize, but I hope they do, and think it's possible that the administration makes progress on both fronts.

That's right, I'm referring to the second type, although some of those "portfolio loans" do take into account the value of an investment portfolio as well.

I’m going to send you a dm with a lender I’ve worked with who handles debt service coverage ratio loans and other non conforming portfolio loans. Could need worth a shot.

I can’t speak with any intelligence as to the prospects of MSTR or your portfolio, but a mortgage is great because it lets you borrow a much higher % of your portfolio value with no margin call risk. So it seems to have less opportunity cost than either using margin or selling undervalued shares in my way of thinking.

Can you qualify to get a mortgage with 5% down and then refinance/pay it off down the road?