ERICOPOLY

Thank you for the info!!

That's $40 for 6 quarts full-synthetic Castrol Edge 5W-30 and $4 for the FRAM filter. This is about $100 at the oil change shops and it takes no time at all. EDIT: And I could have saved $11 today by getting the oil from Walmart: they have a 3 pack of 5-quart Mobil 1 full synthetic 5w-30 going for $73.28 which is about $24 per 5 quarts.

My wife was quoted $1,500 by the BMW dealership a month ago to change my stepson's BMW ignition coils and spark plugs. This is the equivalent of changing light bulbs. I ordered the Bosch parts for $190 and he did it in the garage himself last night in 3 hours. And today I changed the oil on my Suburban in my driveway. I don't even need a jack, there's enough room under there and it takes less time than driving to Jiffy Lube and back. $44 total.

Yuba City?

My driveway has room for a boat trailer and I'm living 1.5 miles from the boat launch at Folsom Lake. So it got me thinking about whether a boat would be a decent way of generating cash.

I have been trying to figure out what the fattest return is with virtually zero liability. It may be Home Depot with the carpet blower Home Depot rents these things for $50 per day https://www.homedepot.com/p/B-Air-VP-20-1-5-HP-Air-Mover-for-Water-Damage-Restoration-Carpet-Dryer-Floor-Blower-Fan-Home-and-Plumbing-Use-in-Blue-BA-VP-20-BL/303793378

I spoke to a guy on Monday who just retired and bought a boat for the purpose of renting it out at $400 a day for people to use out on the local lake. I just don't understand how a boat of such comparatively small value commands that much money compared to what people rent houses for.

I didn't understand his point to be one of higher interest rates enticing issuers to issue more paper. But of course they would if they needed more funds to make the higher interest payments on newly issued bonds.

Yeah, but the inflow will be matched with outflow dollar for dollar.

Paulaner Octoberfest. 24 bottles for $27.99 at Costco today. Not too bad.

The price to notional value ratio of October $25 strike BROS puts to October $50 strike MSGE puts is approximately the same. I wrote BROS puts and bought MSGE puts.

“During the pandemic, a lot of people had reasons to retire and the way that markets evolved allowed them to retire,” says Miguel Faria-E-Castro, a research economist at the Federal Reserve Bank of St. Louis. Faria-E-Castro: ... The fact that they didn’t want to get sick and the fact that they had to care for loved ones, and on top of that, the way that markets evolved allowed them to retire because all of those very high asset returns lead to historically high increases in net worth, on average, for U.S. households. Hasenstab: If these asset valuations change, how could that affect those who have recently retired? Faria-E-Castro: In principle, these Wealth Effect it works both ways, so it works both when asset valuations go up and when they go down, but it’s hard to say at this point. Hasenstab: So some of these recent retirees could re-enter the workforce? Faria-E-Castro: Yes, they could. https://www.stlouisfed.org/timely-topics/retirements-increased-during-pandemic

Awesome

Costco also has gift cards for sale at significantly less than face value -- like a pack of four $25 gift card for $69.99 to Coldstone Creamery. Or two $25 See's Candy gift cards for $38.99 (with no expiration date).

And the other thing you do is put your house on AirBNB and learn how to go camping for free whenever your house is occupied: "Dispersed camping is generally allowed on public land for a period not to exceed 14 days within a 28 consecutive day period. " https://www.blm.gov/programs/recreation/camping

My wife tells me the food court at the Costco in San Luis Obispo is on the outside of the building so you don't even need a Costco membership to eat there.

Lunch: $1.50 for hotdog and refillable 20oz soda at Costco food court. Dinner: 18" fresh-baked pepperoni pizza is $9.95 at Costco food court (easily 6 meals here at $1.66 each meal)

Well you don't want to be old do you? Okay, Portugal is doable on SS income.

You can just retire in Nicaragua on your SS income.

I have been using SPY puts as a brake on my long portfolio, rather than as a mint-making opportunity. I then just add to my long shares as these puts become ATM.

I think you are right. An asset bubble encourages early retirement and popping it encourages a swift reversal.

They would need to offer a bonus, perhaps an increased annual benefit, if workers voluntarily deferred retirement beyond age 67. They already have such an incentive to work to 67 (full annual benefit) instead of 62 (reduced annual benefit).

Move the milestone again on when Social Security benefits begin. Let in a bunch of immigrants.

When 20 million lost their jobs, productivity soared at an annualized rate of 11.2% in Q2 2020. It stands to reason that a reversal will happen when the jobs are added back. https://www.bls.gov/osmr/research-papers/2022/ec220010.htm#:~:text=On the tail of these,average hourly wage increased sharply.

The dosage of the medicine will need to be heavier if the driver of the labor shortage is excess retirements.