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JonGaltIII

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JonGaltIII
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  • Appreciate the post ... Where to Invest Now? That is the question. If you're not in retirement and you have some cash on the sidelines, where do you invest? You definitely want to avoid any companies that are not generating profits. It's impossible …
  • Bloomberg provides a reasonably fair summary of the situation. This paragraph summarizes the story: https://www.bloomberg.com/news/articles/2022-06-29/why-is-fuel-so-expensive-it-s-not-just-the-oil-price-quicktake “5. Can’t we just make more fuel? …
  • I really like this website called MFO Premium for comparing mutual fund performance. Even the free Quicksearch works well for most. (Sorry…couldn’t resist when I read title) apologize for humor. I also use Portfolio visualizer which is terrific. I…
  • It IS a circular argument as @yogibearbull says
  • @BenWP thanks for contributing. Appreciate the ideas and suggestion.
  • FWIW... Dimon's views conflict with his own head of global research. Prepare for an economic hurricane or a huge rebound. https://www.bloomberg.com/news/articles/2022-05-18/jpmorgan-s-kolanovic-says-stocks-can-climb-out-of-this-hole https://www.ma…
  • @rforno a good share from NY Mag. Interesting story. It’s a shame stories like this weren’t written when her fund was up 187%. The implication is that her investors are all Robinhood or Reddit investors along with Archegos. But, it strikes me that …
  • CNBC closing bell segment mentions some of ARKK top holdings “stay at home” ones. I tend to agree with Najerian vs Lebenthal. Teladoc looks most attractive to me https://www.cnbc.com/video/2022/05/26/i-dont-like-any-of-these-stay-at-home-stocks-say…
  • ARKK top holdings: (rounded) 9% Zoom 8% Tesla 8% Roku 6% Exact Sciences 6% Block 5% Teladoc 5% Crispr 4% Coinbase 4% UiPath 4% Twilio
  • Re: Verizon … this has been somewhat telegraphed but now news on Buffett and VZ : https://www.barrons.com/articles/berkshire-hathaway-sold-nearly-all-its-verizon-stake-in-the-first-quarter-51652741474
  • This sentence that @msf posted from Buffett “because all of my Berkshire shares will be fully distributed to certain philanthropic organizations over the ten years following the closing of my estate.” is the most worrisome to me as a holder of the s…
  • Re: @yogiebearbull “Coinbase/COIN bankruptcy rumors were just that. Social-media nitpicked on the new boilerplate language required by the SEC. No surprise - as that would apply to banks without FDIC insurance and brokerages without SIPC insurance”……
  • Great advice @yogibearbull Edit add: I would likely always move Old Fido 401k to Fido (Rollover ) T-IRA due to more choices available unless age was a factor as he said.
  • Given what has happened in the market since the bid was placed, no person or company would NOT renegotiate the offer. Twitter is no longer worth what it was when the bid was placed. The recent layoffs of senior execs along with the hiring freeze a…
  • I think this is one of the more interesting tech stories this year. . . and my interest has ZERO to do with politics or free speech. It has to do with the mismanagement of the company for many years and how Elon will turn it around in short order. H…
  • The writers at Barron’s must read MFO… Posted today: “ While Buffett’s move could prove profitable for Berkshire (ticker:BRK.A, BRK.B) shareholders, the buys themselves aren’t really a signal of increasing bullishness on the market overall. Instead…
  • So it’s an almost free $962.00
  • @sma3 “If he expects a significant downturn, I would have thought he would wait.”
  • The excerpt that Old_Joe posted summarizes it nicely. Twitter has almost 8,000 employees! Experts think 2-3k is the right number. Couple that with clever ways to monetize tweets… as someone said “I wouldn’t bet against him”…
  • Just In... Musk and Tesla Board win court case: https://www.barrons.com/articles/-musk-not-liable-solarcity-lawsuit-51651097697 "If Musk had lost in court, a monetary penalty might have been levied against him or other directors. If the penalties w…
  • Maybe I'm confused. I thought he was putting up his own personal shares and options of TSLA as collateral. I didn't know he was using TSLA company owned shares or funds. Why wouldn't his shares and options already be accounted for in the stock price…
  • In related news, Dogecoin jumped 30% and technically might/could have paid for the Twitter purchase. Why didn’t anyone see this coming? Oh, someone did: https://www.forbes.com/sites/billybambrough/2022/04/15/dogecoin-a-proxy-for-twitter-stock-doge-p…
  • @rforno Capital International Group has a 560M stake and Blackrock a 700M stake in MSTR. MSTR owns almost 1% of all available Bitcoin at a low cost basis. While I'm not a personal fan of leveraging Bitcoin to buy more Bitcoin (as they have recently …
  • While I'm interested in whether they will actually be able to pull this off without government intervention, I have a better suggestion for FIDO customers interested in placing some of their retirement in Bitcoin. Instead of paying a .70 - 1% fee t…
  • “I think the world of Larry Fink, but I’m not sure I want him to be my emperor,” Munger said.
  • @BaluBalu you are not missing much. The deal may take a while. The earnings may come in lower. Tesla shares may be impacted. Many companies took a pass on TWTR. Odds are in favor of shorting vs. “massive upside”. Don’t own the stock nor plan to purc…
  • “ There are no financing conditions to the closing of the transaction.” important point. I doubt Twitter will remain a not for profit company merely serving as a town square sounding board. @jack will make over a billion from this and Elon team wi…
  • See CALPERS vs. Jamie Dimon or vs. Brian Moynihan. The outcome will be the same. As @yogibearbull said it's just "noise".
  • A handful of Tesla engineers (meaning under 6 individuals) could/will solve the Twitter spam bot problem in under 30 days. While the words "transparency" and "free speech" will be most talked about post sale, clarity and focus on mission will be imp…
  • Sorry... that's what I thought you meant... good word... predisposition. It was my misuse of the word by choosing "honest".
  • @hank read your first sentence "talking his book" and immediately thought of Dimon and Mike Wilson/MS... so I doubt BM does that. He's had plenty of opportunity to do it. They are both strategic but I think they are both honest during these intervi…
  • The moment I read the the Thread Subject "Price Funds to Have In-House Status at Schwab"... I immediately thought oh boy I may need to open a Schwab account but I'm happy with just managing Fidelity. The reason I thought "oh boy..." was for 1 reason…
  • Quick... without looking... name (5) "current" shows or movies only on Netflix that you binge watch or can't miss. If you are unable to do that, you have your answer. Content is king. Spending more than 14 billion on content "should" make you th…
    in NETFLIX Comment by JonGaltIII April 20
  • Wished I could reference the source but I heard some data on the huge increase in home equity loans over the past year and the hosts were saying that this contributes greatly to the threads subject. I was surprised to learn this. Here is one source:…
  • Attended a conference this week where the CIO of a very large bank just espoused the opposite. His advice? Avoid Bonds like the plague and shift from Growth to Value - he said to follow the same advice he gave in October of last year. "The company…
  • Have never had any interest (pun intended) in these due to low maximum. Often wondered why the max was so low… here’s a few links that explain the reasoning. Not sure it’s a good explanation but… https://www.forbes.com/2010/02/25/i-bonds-purchase-l…
  • Are there less actively managed ETFs due to the lower fees or the transparency rules? If you’re not allowed to answer both and must choose one or the other? My uneducated guess would be the fees. Enjoyed reading the feature…learning.
  • @Charles … it really is. Paraphrase-“ He said he only sold some of his Tesla because it was becoming irresponsible to shareholders.” But the cost basis on shares owned is ridiculously low. Edit Add: Around $40 per share! The SpaceX is fascinating wh…
  • The link that I shared “Barons website” is unfortunately not the entire interview. Tesla dominates that portion shared. Shopify discussion is missing and the general market condition and Schwab commentary. Apologies. I appreciate his ability to dis…
  • @ducrow As a 50-70 Allocation Fund... its competition is my preferred AA funds: FBALX and FMSDX . They have lower ER than PSQGX and better performance over longer periods. That's just a quick glance without much analysis and without using MFO. Thank…