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Everything posted by Jurgis
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Some whales here. 8)
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This is a great insight. I've already mapped inconspicuous route to the closest self storage in preparation. Becoming UHAL shareholder might add some leverage when we need to ... uhm ... inspect the facility. Warm bloodied comrades unite! 8)
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I mean to lie about my returns only when I'm mean. I don't do it on average! 8)
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Yeah, (value) investing is the last liberal art and literature grads can make $$$$$$ in it. Right, Scott? 8)
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I'm gonna get flack for this I think, but here it goes. IMO Amex missed a lot of the opportunity to get international cachet that is assigned to top/premier US brands. 10-15 years ago Amex had lower fees for foreign transactions than Visa/MC cards (~1%). Then fees on a bunch of Visa/MC went to zero, Amex did not. Now, I already have to ask retailers whether they take Amex even in US. In foreign country, fogetaboutit. If Amex had zero fees and there were other huge advantages, I would. Not now. Then the whole "Amex says you're rich". This could have been a huge sell across the globe. Did they do it? Not so much I think. Yeah there was that Chinese guy who paid XXX M for Modigliani using Amex. So I guess they did it a bit. But ask around - do you really see affluent Europeans or Asians using Amex at home and abroad? Maybe I'm in the wrong circles, but I don't. So... they had international advantage... due to their travel network and image ... and they mostly squandered it IMO. Will they gain it back? I don't think so, but maybe I'm just not much of Amex fan. 8) (There are people on this thread who love Amex, their benefits, their service, etc. I've never experienced their service, so maybe I just missed out on a lot 8) ).
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LOL. WTF. Amex says you're rich? ::) I've had Amex Blue from ... hmmm ... almost student days. 2001 or so if not earlier. Maybe it wasn't the right Amex. 8) Regarding millennial appeal - I guess that explains the Amazon.com 10% cash back offer (see my post above). Still, once the offer is gone, that card is also gone from my wallet. Just got Citi something card for 50K bonus points that I will cancel as soon as I get the points. 8) The use-everyday is Fido Visa 2% back. Others are for 5% back situations (Chase Amazon, Chase Freedom, Discover) and foreign spending (CapitalOne Quicksilver).
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I think I posted this in the past, but anyway. Our (possibly way non average) grocery shopping: - Stop&Shop < 1 mile. - pretty much all day-to-day shopping. Not great store/selection/etc. but convenient - WFM ~3 miles, went 2 times or so, don't go there. Nothing special, pricy. - Target ~4 miles - never go there - Market Basket ~4 miles - never go there on purpose, sometimes shop when we are there for another reason - Trader Joes - ~8 miles - go there every month or two or so - Wegman's - ~8 miles - go there every 4 months or so - Hmart - ~8 miles - go there every 4 months or so - Russian grocery store - ~16 miles - go there every 2 months or so We do not grocery shop anywhere else. IMO WFM is worse than Wegman's in every way. If it was within a mile from our place, we might shop there a bit though. Good luck with your positions.
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Update on AMZN vs Walmart from the rare groceries POV. I buy specific brand of whole bean coffee for family. Amazon had that at ~$9 per 12oz pack. Walmart online had it at store prices ~$7. Now Walmart has it only at ~$15. Amazon back to being cheaper... Local stores might stock it at $7 or not... #firstworldproblemswithrarebrands
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Apple might buy Tesla. I don't think Elon would agree to be Apple CEO even if offered. But maybe I'm wrong. Maybe he'd see that as an opportunity to turn Apple into neural lace company. 8) (+ all the Tesla businesses acquired)
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Indexes Beat Stock Pickers Even Over 15 Years (even small cap)
Jurgis replied to stahleyp's topic in General Discussion
Not a bad exercise. Honestly, if I had to invest into one (or more than one) of these ten years ago, I would probably have chosen SEQUX. Haha maybe I would have outperformed too if I sold it at VRX top. :P Even though we are in the value investors board and I have invested in DODGX in the past, IMO value funds mostly suck and have sucked for a while now... 15-20 years... I am talking about TWEBX, TAVFX, DODGX. So I would not have picked them to outperform index. I don't know much - or did not know much 10 years ago - about the rest of these funds, so probably would not have selected them. I knew about OAKLX but around that time I think it was underperforming a lot and Bill Nygren was considered a wash out. Well. Surprise. 8) And yeah, I would have not picked Fidelity funds. Like the guy above said... oh well. 8) -
They can buy more UAL with proceeds. 8)
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+10 or so 8)
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Is WSJ now a click bait newssource? 8) (I don't have access. Maybe it's a serious article).
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It is not a new fee. I've bought five-letter-F stocks on Fido with extra $50 fee for ages. They change which stocks it applies to based on who-knows-what. It's possible that they changed it for the whole stock exchange or for this particular stock for whatever reason. I think I've even seen the fee appear and disappear for one stock the same day, which is really weird. I've was motivated enough to call and question their reasoning. They might drop it for your trade if you call them. It's just not worth it usually.
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Is that really true? I would think that there are ways to prevent a failure in one place from compromising all the system. Clearly shutoffs or turnoffs should work pretty fine. But then I am not a mechanical engineer, so ::) In general though, this is a troll thread, so I might not reply to any further comments.
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$1.99 Kindle on Amazon now: https://smile.amazon.com/Warren-Buffetts-Ground-Rules-Partnership-ebook/dp/B013CC91JS/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
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By the power of forum search: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/blue-chip-stamps-letters/msg185466/#msg185466 See that wasn't hard. 8)
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It's not as simple as you make it to be IMO. Similarly to oil/gas: what worked as 10 baggers in 2008-2009 yielded zeros or near zeros in 2014-2016. After 2008-2009 one could have felt genius in oil/gas space. After investing similarly in 2014-2016 not so much. (My results are pretty much like that: multibaggers in 2008-2009 oil/gas, ~50% loss with no future recovery expected in 2014-2016. And that 50% loss includes couple multibaggers on a few stocks/bonds from the bottom to now.) I would guess this is the same or similar in mining sector. Well, you would say "wait for bottom, follow smart money, etc.". Maybe it will work for you. Or maybe next downturn will be different than this one and results will be different too. Good luck
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Yes, thanks. Not sure if Newegg/Amazon prices is Canada/USA thing or just perception or looking for sales/etc. I maybe bought once from Newegg. Any time I look there, it's more expensive than others. But I don't wait for sales there, so... I know people like their reputation... or at least they did in the past. I've bought stuff on Amazon on Black Friday/Cyber Monday. Other than that I don't try to chase sales (if they happen at all) on Amazon either. I agree on TJX. It's a bit difficult for me to compare retail in Canada and US. I would not compare TJX with Sears in US. Years ago (early 2Ks) Sears was viable for clothes/shoes and maybe comparable to TJX. Now it's a mess. Currently TJX comparison in "regular" retail world would be something like Kohl's I think (yeah, I know not direct comparison, but quality/prices perhaps). I have no comment on L Brands. I assume you like Victoria's Secret part, cause the rest of the brands don't seem very good or known. Best
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To solve 17, take advice from 16. 8) 18. Lose at least 100K by following advice from strangers online.
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Maybe that's the case in Canada. In US, Amazon is lowest price for ~50% of tech. Especially if you avoid buying from dodgy (online) stores. Yes, I price compare with BestBuy, Newegg, etc. I haven't seen Newegg to be cheapest. BestBuy sometimes is. (I haven't looked at Fry's online prices recently though, maybe they are cheaper/cheapest) Just for fun: where does one supposed to buy clothes according to your worldview? No, I'm not saying it's Amazon. I don't buy clothes online. I'm still interested in your answer. Also, since you don't see a problem with retail in general, I'd assume you would be heavily invested in it at current low prices. What are the names that you buy/hold?
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Nah, I get that. But really it's the construction/safety/security/containment cost. If we can get to prefab ship-and-drop safe/secure self-contained modules, nukes could take off hugely. I think Gates has been financing this direction. Hopefully it works out at some point. But it is possible that solar+storage or some other combination will just outperform the nuke advancement. Aside: it's way easier to advance a technology where you can improve 10% and ship, improve 10% and ship than technology where you have to get every single thing right and even then the sales might not happen. Nukes is the second one.