Ross812

Doubled my NFLX Starter position at $205.5 this morning. Now a 3% position.

Might want to look at Grupo Mexico. I posted a write-up a few weeks ago.

@Viking, I agree with the premise that increasing rates is not going to stop the rise in home prices due to constrained supply, but I don't think cooling home prices is what the Fed is after. New purchases at higher prices mean borrowers have less money to spend elsewhere because they are servicing mortgage debt which is deflationary. The same can be said for refinancing, which is really just selling your home to the bank. I would expect refinancing to slow down in the near term and the same mechanism to suck money out of the economy in the medium to long term. If the goal is to make homes more affordable, then road blocks for investors and second home owners are needed to reduce competition. Lending guidelines and interest rates on second homes and investment properties needs to be tightened and raised and a sales tax on all cash or mostly cash offers could be levied.

I would be careful with the assumption that no one is refinancing right now. I have a friend who is a mortgage broker that brought up that a significant amount of refinancing he does is for the purpose of consolidating high interest debt or to make large purchases. Refinancing is sensitive to the rate and home value meaning they are not going to dry up until the massive increases in home value slow down.

Added to GOOG and GOOGL

As someone married to someone who worked their way up from field marketing for restaurants. My advice to your daughter would be to work for an advertising agency when you are young and have the energy. Learn to keep a client happy and hone your skills at a good agency for shit pay. When high paying in-house jobs come available, you will be head and shoulders above the competition. My wife looks for agency experience over a marketing degree or an MBA when screening applicants.

What do you advise to high school aged kids then? I am all for someone going into the trades if they are interested. Pushing those kids who want to be an electrician or plumber into college is indeed a waste. As for liberal arts degrees? My wife has a degree held by many baristas and has worked her way into a very well compensated director level position at a fortune 50 company. She has a friend with a masters in psychology who is in the c-block for a large hospital group. My wife and her friend would never have gotten a seat at the table without a college degree. You could argue the liberal arts degree probably served my wife better than a business degree with a concentration in marketing as she is a natural sales person and was never taught to conform; she was instead how to communicate her natural talent.

Agreed on the 1:1:1. I like Cocchi Americano but Antica Formula is the classic. In Kentucky, we substitute bourbon for gin and call it a Boulivardier.

Fresh squeezed citrus is the key. The TJ's limeade is pretty lime forward and not nearly as sugary as most of the grocery store brands. I've found if you go without the limeade you end up using more triple sec so the sugar content is in the same neighborhood. I don't really measure out the ingredients unless I am making a big batch. For a single drink, I take a rocks glass with three square 1"x1" cubes and pour tequila till the cubes are floating (about half the glass), juice the lemon into the glass, large splash 80 proof triple sec (Drilland is a good cheap one from Total Wine), then fill the remainder of the glass with limeade. Going with all fresh citrus is great, but we are often batching for a group. In a pitcher you have 4-5 lemons and 9-10 limes. You can get to drinking faster if you skip the limes!

6 people (covid bubble) auditioned many tequilas and re-auditioned several more when Costco had supply chain issues with their anejo. We were doing "product research" at a rate of a liter a night a couple nights and you start to feel guilty turning a $60+ bottle of tequila on end. The Kirkland brand won out against all the cheaper readily available tequilas - Don Casamigos, Hornitos, 1800 Cuervo, El Jimador, Casadores. The next favorite was Milagro Anejo at around $45 for 750 ml. The group agreed the Anejo versus the typical Blanco tequila made for a more complex margarita where the blanco had a stronger tequila flavor and brighter citrus. The Costco Anejo Tequila is from Distileria Santa Lucia. Their cheapest brand of anejo tequila is La Puerta Negro (The Black Door) at $20 for 750 ml. La Puerta Negro is significantly lighter in color than the Kirkland Brand and the distillery's next brand up is Newton at $70 a bottle for the anejo. I would guess Costco is big enough to have Santa Lucia contract distil for them and I would guess its somewhere in between in quality. TJ's fresh squeezed limeade is much more lime forward and acidic than the other supermarket brands. Simply Limeade makes a sweet watery margarita! In a pinch, frozen canned limeade can be used if mixed with a bit less water.

Margarita perfected during the covid lockdown (Covarita)- Juice from one small lemon 2 parts Costco anejo tequila 1 part 80 proof orange liqueur 2 parts Trader Joe's fresh limeade Grand Marnier float

Thanks for the idea. Their salsas are in all the grocery stores here in KY. I used to have to go to Walmart to find it after being introduced to it in AZ. I'll have to dig into it. The price action looks strange to me lately with a lot of flat lining at $30 then $25. Maybe buybacks?

Remodeling, woodworking, and rock climbing are my hobbies. I have turned the remodeling hobby into a nice handyman side gig. My wife said I had to stop taking things apart at our house, so now I mess with other peoples houses. I do a lot of trade work - electric work up to replacing the panel, plumbing except for concealed drain lines, hvac, framing, and finish work (except large drywall projects). Here was the last bathroom project at our house (before): After:

Push to connect fittings are rated for concealed use, but some jurisdictions do not allow them. For pex fittings - stainless is actually cheaper than brass right now! https://www.supplyhouse.com/PEX-Crimp-Fittings-365000 filter for Boshart!

A few thoughts: Use copper stubs so you can use compression fittings at fixtures. Apply for a the trademaster program at supplyhouse.com. The website has higher quality parts than homedepot and is cheaper. Don't install electric behind the base boards, just use an angle grinder and cut a 6 inch channel in the plaster and lathe. Patch with drywall shimmed to match. I think the manifolds look nice but you end up running a lot of extra pipe so it depends on your access and length of the runs. You can run 3/4 and branch off the main line. Put a few strategic valves around the house to isolate rooms. Installing minisplit heat pumps ducted or wall hanging is not hard and will save you a ton of money. Don't overlook ikea cabinets if you like the look. I did two kitchens over ten years ago in our rentals and they have held up great.

Added to FB premarket for 190.

MKL, GOOG, BRK.B, COST, MSFT, FB, DHR, BAM, KKR, AMZN, DIS, EFX, FICO, TRU, INTC, TSM, AMD, JPM, JOE, V, MA, AXP, PYPL

I have had about 15% of my family's retirement accounts in XBI since 2015. This drawdown is tough to stomach, but the rewards have been fantastic.

Bought some Google. FB is getting to cheap to ignore and I will start purchasing tomorrow.

Selling a bit of BRK.A before earnings.

What made you go with BBH over XBI? Are you expecting large caps to outperform?

Sold $28 Feb 11 calls for a $1. Turning into a (hopefully) quick swing trade around earnings.

Google and Facebook classified as communications. Visa and Master Card classified as tech companies. Several utilities make most of their money trading and storing energy/gas.

Started a position in SONO. Brand recognition, great balance sheet, margins are good, '22 PE of 15 and growing at 15%+. Audi deal and they successfully defended their patent against google. Every Sonos household buys on average 2.75 speakers and their music subscription service is getting traction. I see this becoming the Apple of home audio.

If only 35 out of 535 are beating the S&P500 then they are truly an awful group of investors!