What are you buying today?

[LC]

Sold covered calls on TSM. 85 strike...hoping to get called away in March which would be a ~15% IRR. Goofy stuff, did the same with LPX a month or so back.

Edited January 25, 2023 by LC

[Luke]

Added to Samsung preferred shares 

[Intelligent_Investor]

IDFB, for the risk arb spread. Currently around a 10.5% spread on a deal expected to close in Q1 2023.

[Dinar]

Bought Diageo today.

[Saluki]

Added a little SWBI. 

[Gregmal]

[thepupil]

you buying the stock...or did you actually buy property in JOE land. 

[Gregmal]

Housing secured.

[changegonnacome]

8 minutes ago, Gregmal said:

Housing secured.

 

Congrats dude - JOE neighbourhood?

[Saluki]

9 minutes ago, Gregmal said:

Housing secured.

If you ever do a COBF happy hour or weekend BBQ, let me know

[cubsfan]

14 minutes ago, Gregmal said:

Housing secured.

Very cool!

[thepupil]

congrats! true conviction! 

[Gregmal]

Haha thanks. Yea been itching for years now for a FL property and maybe it’s a combination of impulse and trying to time the market, but there’s been a bit of an opening on the new build side as the COVID backlog winds down so I figured with 12 months+ rentals still strong might as well check off another bucket list item. 

[gfp]

Looks great!  Which community/neighborhood is this in?  This is a new build available for immediate delivery and not a resale?

[Gregmal]

19 minutes ago, gfp said:

Looks great!  Which community/neighborhood is this in?  This is a new build available for immediate delivery and not a resale?

Build time is about 4-6 months. Its the new Longleaf neighborhood. Getting a bit of a first mover discount since its basically phase 1 of Origins West. Downside is for 2 years theres gonna be building going on all around. Upside is 50% LTV for 2 years works well with rental projections. After that its a fully developed hood and likely prices similar to the similarly finished communities. Things are moving well there already as first tranche of lots JOE delivered in October are pretty much all sold out and getting delivered this summer. 

[Jaygo]

Congrats Gregmal. That wins the "what are you buying today" 

 

Even though I dont even know your name (although i assume its Greg or Malt lol ) I am legit excited for you and especially your kids.

 

I am human, so I'm also a bit jealous. Enjoy every minute of it!

[CorpRaider]

4 hours ago, Gregmal said:

Housing secured.

haha.  Congrats!

[bizaro86]

Congrats Gregmal! Hopefully 1000 of your new neighbours buy this year as well!

[Mephistopheles]

Congrats Greg!

[Spekulatius]

17 hours ago, Gregmal said:

Congrats. There is something missing however - a little minibar hut, next to the pool.

[Gregmal]

27 minutes ago, Spekulatius said:

Congrats. There is something missing however - a little minibar hut, next to the pool.

Haha yea thats from one of the models...everything is TBB...to be built. They certainly find ways to cram as much as they can into 5,000 sq/ft building lots. And while nice, the pools are like 12x24 and 3-5 ft deep which is a lot to mentally process since at home Ive got an 11 ft deep 20x40....but as with much in life, decisions gotta be made. A minibar though? Not much of a decision at all LOL

[Parsad]

17 hours ago, Gregmal said:

Housing secured.

 

That's a nice pool Greg!  Congratulations!  Cheers!

[Castanza]

@GregmalNice looking house, congrats! Is this a second house; or a moving to Florida full-time house? 

[Spekulatius]

Added to $CNC (I reduced the position a couple of month ago)

[Gregmal]

15 minutes ago, Castanza said:

@GregmalNice looking house, congrats! Is this a second house; or a moving to Florida full-time house? 

Eventually moving. In between probably gonna be both a rental and a second home for a bit. Main objective was to secure a real property somewhere I could live. Backfill the financial and ROI stuff after LOL.