Ross812
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Posts posted by Ross812
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1 hour ago, Spekulatius said:
Bought a starter in $JCI this AM. The stock seems to be down based on their underwhelming forecast for 2024 but other than that it looks like a very solid industrial around commercial building automation / HVAC at a reasonable price.
Thank you for this. I researched this a couple of years ago and never bought, but like the company. I'm going to start a small 0.5% position here as well and catch up on what has happened with the company.
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Trimmed HQI after getting a little over aggressive buying into the sell off with earnings. Sitting at a $13.60 cost basis.
Sold out of BTI. I've always been a little on the fence morally about investing in the tobacco industry and I was devoting too much thought to the question with my largish position so I decided to no longer be an owner. Took a small loss.
Trimmed ADSK at $216 then rebought after the earnings selloff.
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My 235 limit order for Ashtead is getting close... Buying a little more LUV too; for the holidays!
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2 minutes ago, Castanza said:
Why not just go to a straight flat tax then? Why all the extra hoops? People tend to forget that for the majority of this countries existence we never had a Federal Income tax. And it was supposed to be temporary.
Because a wealth tax taxes those by the percentage of all the goods they control. The top 10% own 70% of the wealth and will pay 70% of the wealth tax. The bottom 50% hold 2.5% of the wealth and pay in proportion. 2% wealth tax would collect 3.2T and a 3% wealth tax would collect 4.8T so the wealth tax collects the lions share of tax receipts and is progressive.
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8 minutes ago, RedLion said:
I like the VAT idea but a wealth tax and fica are both extremely easy to work around and will be rife with issues.Also what about a sin tax? Seems like states like Nevada seem to do well with this.
Maybe Congress should legalize drugs but then impose a huge tax on users, mandate that they be sold in pharmacies, and impose life prison sentences for selling impure quality. This way every time I pass a junkie nodded out on the street, at least I can be thankful that my taxes are being subsidized and they got what they paid for.
We need to replace 5T in tax receipts. FICA would be no easier to get around than it already is. A wealth tax could be difficult for some assets, but I'm sure all the accountants put out of work figuring up the current income tax rules could figure out a way to value those assets
. I'm not against a sin tax, but I seriously doubt it would raise a meaningful amount of revenue. Fortune 500 companies are using SBC for mid-level workers to assist with "tax management". A wealth tax get rid of a lot of shenanigans.
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I think a wealth tax of 2 to 3% a year, maintain FICA (with no income limit), and a 10% VAT tax would be far more "fair" than the income tax system we have now. FICA and VAT are essentially flat taxes that tax everyone equally based on income and consumption. The wealth tax would tax those in proportion to the wealth they hold.
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I would like to thank whoever dumped 300 shares of Fairfax this morning at the open. I got a nice fill at and below $875!
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Lots of HQI this morning. It blew through limit orders at 15.50, 14.50, 13.50. I got a partial fill at 13 and have another order sitting out there at 12.50. What a blood bath.
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Sold half of my BTI position today. I'm back to my cost average of $31 and it was bigger than I wanted as I bought heavily in the low $29s.
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I just keep buying LUV
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Added to ASHTY. Tracker in HQI. Sold Puts on LUV, CASH, and DFIN.
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Bought more LUV. Getting to be a pretty big position.
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I had a 21% cash position and just dropped about 4% in this morning between LHX, BTI, TOITF, and ASHTY.
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We have a rural lake house and use T Mobile 5G internet for $30/m. I have a neighbor who has Starlink and it is indeed very nice, but not worth the extra $90/m incremental cost over 5G.
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CHDN, CASH, BTI
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I think the advantage of a kamado is being able to retain heat for long cooks. In my opinion, unless you are smoking something for more than 4 hours regularly, a Weber 22" kettle with a slow'n sear will produce the same result. Pellet grills are nice because they take the guess work/skill out of grilling and let you easily set an maintain a temperature.
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Bought a starter in CHDN.
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12 minutes ago, spartansaver said:
Have you given the ATG Program a try? He's a bit promotional (knees over toes guy), but I've been working through his program and I've never been as explosive. The gist of the program is strengthening and lengthening (stretching) joint areas. I've lifted very heavy in the past but it never felt functional to me. This feels like a much more athletically minded program with a focus on improving durability. I've got no relationship other than paying a monthly fee. I'd be curious if anyone else on this forum has any familiarity with the program.
I have a buddy that is into that program and gives me bits and pieces to work on for my knees, but I haven't spent any time looking into the program myself. I'll have to check it out.
The first time I tried rock climbing in my 20s I was humbled. I was a gym bro and thought I would easily be able to pull my way up a plastic ladder; One or two routes in, I had no grip left and was exhausted. I've avoided the gym since, but it looks like I'm going to have to hit the gym with a a program like ATG to get back to what I like doing.
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Hats off to the guys who like to lift weights in the gym. I used to lift in my 20s and have the stretch marks to prove it. I got into rock climbing about 15 years ago and make it to the rock gym a few times a week. I can no longer bench press 245 lbs. but I would say I am as functionally strong as I have ever been and am closing in on 40.
I loath going to the weight gym, running, swimming basically anything that is a workout for the sake of working out. I do much better with healthy activities - rock climbing, slalom water skiing, and pickleball are my big three. Unfortunately, my knees are catching up with me and my passions are all horrible for my knees. I've had to start doing squats, deadlifts, and backward hill walks trying to strengthen them, but it feels like a losing battle.
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I bought a 5% position in BTI on Monday/Tuesday. Sold completely out of META. Top positions are FFH, GOOGL, BRK, DFIN, USB, ADSK, and NTDOY. I am at 20% cash right now.
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54 minutes ago, Dinar said:
Most of the people on the boat were Egyptians and Pakistanis. Again, interesting that you do not discuss the fact that the West cannot take the hundreds of millions who want to immigrate here.
My original point was its silly a missing sub of 5 wealthy individuals goes missing and it captures the news cycle and several governments have thrown resources into the search effort while rafts of refuges from Syria go missing all the time with little news and an absence of international resources. Why don't Syrians go to Turkey instead of Western Europe you asked? Well 55% are in Turkey and 78% in the surrounding countries versus 15% scattered across the rest of the world.
Your argument seems to be that illegal immigration from "invaders" will destroy the West. No idea how this relates to what I posted in the slightest unless you are arguing we should just let these people drown because there are "invaders" mixed in. Its also kind of humorous that two of the people on the sub were Pakistani.
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4 minutes ago, Dinar said:
Interesting that you do not debate that Egyptians and Pakistanis are not refugees. As for Syrians, if indeed there is a war there, why don't they claim asylum in Turkey? Same culture, much closer. Oh wait, Europe gives great social benefits!
I specifically referenced Syrian refugees in my post so I'm not sure why you are bringing up Egyptians or Pakistanis. More than 55% of all the Syrian refugees are in Turkey, 13% in Lebanon, and 10% are in Jordan. Another 7% are in Egypt, Iraq, and Sudan. The last 15%, about a million people, are in the West with half of those in Germany.
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On 6/23/2023 at 12:43 PM, Dinar said:
The people in the Mediterranean are NOT refugees. Invaders or illegal immigrants but NOT refugees. Pakistanis and Egyptians are not fleeing war!
The west cannot take hundreds of millions of people from the third world without destroying itself!
If you truly want to help the third world nations, bring free birth control and family planning there. Their biggest problem is population growth. You do not see millions of Indians and Chinese leaving, but you see millions of Africans and Muslims trying to leave.
Last I checked, there was a war in Syria
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On 6/23/2023 at 11:40 AM, ValueArb said:Same could be said anytime a search is conducted for a hiker on Mt Hood or Rainer, or for a missing ocean kayaker, or kids trapped in a flooded cave, etc.
As a percentage of society's spending, search and rescue is vanishingly small. The question isn't whether its not worth performing search and rescue for expensive submersibles containing wealthy tourists, its why aren't we doing more for Mediterranean refugees.
I agree. I am just amazed how much this missing sub with five seats captured the news cycle.
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4 minutes ago, Castanza said:
Or one died and one survived
I just did some Googling and it seems in is uncommon but not unheard of to survive a 10,000 ft. fall... One woman survived a 30k ft. fall. The things you learn...
What are you buying today?
in General Discussion
Posted
I sold $30 ATM calls for January on a quarter of my position yesterday and a few $27 January calls last week . I'm up to an 8% position which is a little bigger than I wanted to be in the name. Too much LUV? I'm a bit shocked it is down 5% today on no news.