chasfh Posted January 30 Posted January 30 I do not regret selling off NVDA at 125 this past summer. Quote
1776 Posted January 30 Posted January 30 UPS getting hammered. Disengaging with Amazon on parcel deliveries. UPS yield as of this comment is 5.87%. Quote
Deleterious Posted January 30 Posted January 30 Guess this isn't relevant since X is no longer public. Quote
gehringer_2 Posted February 2 Posted February 2 (edited) On 1/30/2025 at 11:52 AM, 1776 said: UPS getting hammered. Disengaging with Amazon on parcel deliveries. UPS yield as of this comment is 5.87%. when I saw this I assumed it was because Amazon was going to stop using them, but from what I read it was UPS's decision to decline Amazon's business. Not sure whether that is credible or just CYA PR. I suppose if Amazon isn't willing to pay at a rate UPS can make money on you don't want the business, but you better have a cost accounting system that tallies it all up right. I've worked for fortune 500s who learned the hard way that they were not apportioning their overheads correctly and ended up in deep trouble after shutting down volume businesses they thought they were losing money on but which were really supporting the rest of their units. Edited February 2 by gehringer_2 Quote
Deleterious Posted February 3 Posted February 3 Plaintiffs exhibit 1 on why you don't have a national reserve of crypto. 1 Quote
gehringer_2 Posted February 3 Posted February 3 opening bell in the morning going to be worth watching. Quote
Screwball Posted February 3 Posted February 3 (edited) I wonder how the crypto stuff is collaterialized (with leverage). Sure is a bunch of money. If **** happens, who gets blown up? That might be fun. According to the futures the S&P and NASDAQ will open gap down 2-3 percent tomorrow morning as it looks right now. They don't appear to be too spooked as they have stabilized since open. Unless you consider that spooked. Edited February 3 by Screwball Quote
1776 Posted February 3 Posted February 3 8 hours ago, gehringer_2 said: opening bell in the morning going to be worth watching. 🫣 Quote
Deleterious Posted February 3 Posted February 3 NASDAQ is down 1% but thats the worst of it. 30 day moratorium on the Mexican tariffs and they will try to work out a deal in that time. Thought I read Trump has a phone call with Trudeau later today. Quote
Deleterious Posted February 4 Posted February 4 Are the staff vs customer fistfights still free? Quote
oblong Posted February 5 Posted February 5 I'll throw this in here since it's about money. Saw this question on a reel: Would you rather take $1M right now, tax free or flip a coin for $1B? For myself, I'd take the $1M. I don't need a billion dollars and all the hassles that would bring my way. That's not how i want to live. With a million on top of what I have I could live a comfortable life the rest of the way but not be enticed to be stupid about it. To me the spirit of the question is about you personally, not what the "smart" move is. If I were 20, I might answer different. But for where I am in life, 51... I might be in a position to retire right now if I had that. Quote
CMRivdogs Posted February 5 Posted February 5 1 minute ago, oblong said: I'll throw this in here since it's about money. Saw this question on a reel: Would you rather take $1M right now, tax free or flip a coin for $1B? For myself, I'd take the $1M. I don't need a billion dollars and all the hassles that would bring my way. That's not how i want to live. With a million on top of what I have I could live a comfortable life the rest of the way but not be enticed to be stupid about it. To me the spirit of the question is about you personally, not what the "smart" move is. If I were 20, I might answer different. But for where I am in life, 51... I might be in a position to retire right now if I had that. At 72 plus what we have in savings and investments I'll hold pat. Pay off the house, car and a few other loans. If I could get rid of the "Vacation Club" stuff we got into several years ago I'd be set and still do a bit of traveling. Quote
1776 Posted February 6 Posted February 6 They finally ran out of smoke and mirrors… WSJ: Nikola, the much-hyped hydrogen-truck maker that was briefly valued more than Ford Motor, is nearing a bankruptcy filing, according to people familiar with the matter. Phoenix-based Nikola has been working with its law firm Pillsbury Winthrop Shaw Pittman to explore options that could include a sale or restructuring of the company in bankruptcy, the people said. Quote
Edman85 Posted February 7 Posted February 7 On 2/5/2025 at 3:41 PM, oblong said: I'll throw this in here since it's about money. Saw this question on a reel: Would you rather take $1M right now, tax free or flip a coin for $1B? For myself, I'd take the $1M. I don't need a billion dollars and all the hassles that would bring my way. That's not how i want to live. With a million on top of what I have I could live a comfortable life the rest of the way but not be enticed to be stupid about it. To me the spirit of the question is about you personally, not what the "smart" move is. If I were 20, I might answer different. But for where I am in life, 51... I might be in a position to retire right now if I had that. What do I fall back on if I lose the coin flip? I would flip the coin because the expected value is higher, but if I'm broke after a coin flip, I would take the security. This is why my portfolio is like 99+% stocks. Quote
gehringer_2 Posted February 7 Posted February 7 (edited) 2 hours ago, 1776 said: They finally ran out of smoke and mirrors… WSJ: Nikola, the much-hyped hydrogen-truck maker that was briefly valued more than Ford Motor, is nearing a bankruptcy filing, according to people familiar with the matter. Phoenix-based Nikola has been working with its law firm Pillsbury Winthrop Shaw Pittman to explore options that could include a sale or restructuring of the company in bankruptcy, the people said. Yup. "A car that only produces water!" is a flim flam. Hydrogen as gasoline replacement never made sense for anything except maybe to replace diesel in heavy trucks or buses because the energy carry demand is just so large for a battery system. I could lay out all the thermo-dynamic constraints that show why it's a dumb idea, but the short answer is that there isn't any hydrogen out there now to use as fuel (water doesn't count, it's hydrogen that is already 'burned'), and making hydrogen for motor fuel is just a worse energy and economic proposition than charging batteries. Edited February 7 by gehringer_2 Quote
Screwball Posted February 7 Posted February 7 The smart answer is to take the money, but to each his own. I would think about it a bit, then roll the dice. And no doubt lose. That's gambling. If not, what would you do with a billion? I'd make a few phone calls and set up a plan on how to spend a billion to help the most people possible in the shortest amount of time. The interesting part would be how to balance necessary costs to results. Once the money is gone, game over. In today's world a billion isn't a lot of money. Or, you could be the guy that said he spent half his money on booze, drugs, and fast women, and the other half he wasted. 🙂 Quote
oblong Posted February 7 Posted February 7 I read an article around the time of one of the big jackpots advising you on what to do if you win it. You need lawyers, accountants, financial advisors, estate planners... probably more people to watch them... heck I'd want security if I had to go public. I don't want any of that. Nothing I could get in material goods or experiences would make that worthwhile. You just trade one job for another (managing your money). Then everybody knows you as "the guy that won all that money" and they'll resent you even if they say they don't. If I were given the choice of something like "Here's $50K a year, tax free, for the rest of your life that will increase 3% a year" or "Here's $500 million". I'd seriously consider the first option. Quote
chasfh Posted February 7 Posted February 7 I think it depends on your circumstances. If you're young, making mid-five figures, and up to your eyeballs in typical young person debt, then hell yes, take the money. If you at or near retirement age and you already have 10 Ms in the bank, then why not take the coin flip? 1 Quote
gehringer_2 Posted February 11 Posted February 11 Jan Tesla sales down 33% from Dec in China, down 33% year over year in Australia. Stock hanging around the 100 day running average as of this posting. Quote
Deleterious Posted February 11 Posted February 11 You needed to be out of Tesla a month ago. Elon is making a lot of enemies around the world and the stock price is going to pay the price. Tempting to short it but Tesla has been the ultimate short killer. Quote
gehringer_2 Posted February 11 Posted February 11 (edited) 29 minutes ago, Deleterious said: You needed to be out of Tesla a month ago. Elon is making a lot of enemies around the world and the stock price is going to pay the price. Tempting to short it but Tesla has been the ultimate short killer. for now the rout seems to have hit support at 334. That's still a 5% drop on the day and 15% in 5 days. >Tesla has been the ultimate short killer. yeah - I'm waiting for the announcement that both the postal service and DOD will by buying Tesla exclusively going forward. Edited February 11 by gehringer_2 Quote
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