This is what happens when a "spec tech" play finally turns a profit. Hope other companies are taking note.
RBLX was one of those empirical buys that I made when I continued to see my then 10 yr old daughter continue to play Roblox even though the pandemic eased in the summer of 21. I think that I bought in the 80’s and stopped loss on the round trip for a tiny profit.
NEM is loved by many, so if you are looking for a long term play, you can buy and hold and clip the 4% coupons.
RBLX has a great product, but it’s not a great business yet. Gonna figure out how to do everything profitably. That’s a challenge. We own RBLX as part of my daughter’s investment account. We gave her $1k to invest and learn and that is one of the stocks she chose. Great timing! She’s up about 30%. LOL!
I think that is a great thing to do. I started buying stocks for both of my kids at their 7th year as part of their Christmas presents and buy tickers that they know. It gets them to think about investing, something that is an anathema to kids these days who want instant gratification.
Agreed. Best to start early! Our little one (5th grade) picked companies she knows and likes. Roblox, Apple, Disney, Chipotle, Google/Alphabet, McDonalds, and Starbucks. Also she chose VTI via my recommendation so she can track the entire market. Lots of fun! She’s beating the S&P by a wide margin so far.
No signs of inflation letting up. Weekly jobless claims less than expected too.Wholesale prices rose 0.7% in January, more than expected, fueling inflation increase
The producer price index, a measure of what raw goods fetch on the open market, rose 0.7% in January.www.cnbc.com
I wouldn’t say that. But its not coming down as fast as some had thought.
Wrote some UDOW Puts this morning to collect some premium. $56 expiring tomorrow.
Yes, have seen the same. It's hard for restaurants to get workers.
There’s a diner near me that remains closed because they lost their head chef and haven’t been able to replace him.
Yes, and it's also getting supplies/ingredients and labor costs. Ironically, food at home costs have been increasing at a faster rate than food away from home. Restaurants haven't been able to fully pass along their input costs to customers.
Agreed. Inflation coming down nicely, especially when using real time housing metrics. PPI came in really weird last month. I think it was -0.5% MoM and then substantially updated. It’s a wonky print that bounces around.
And i think soft landing was always going to include inflation coming down gradually.
Funny thing about the transitory story. Looking back 5-10 years from now, I bet it will be concluded that inflation was transitory. It was starting to cool in the summer of 2021, but then we got hit with delta and omicron. Lock downs continued, governments spent even more money and then Putin went Putin.
Going to be interesting to see what it comes in at when the OER number does a 180 from where it is now. I found the below interesting
This was a chart I saw on twitter of someone saying it sure looks transitory. Now I’m not gonna pretend to know if hes right but still interesting
+1
revolving debt/credit is high and up. Fed needs to hit this.
I own reits and everyone should. There has been no better investment during our lifetime for consistent returns and portfolio growth through drip. No they are not Yahoo, Google etc but different goal with these
REITS are great dividend plays. They are required by law to distribute 90% of their taxable profits. You do need to look at the NAV to determine how well you did. Usually, the dividends more than offset a decline in principal.
So you are betting that TSLA is under $300 in May? Not too familiar with options!
Wow, that’s actually a really good premium you collected. I would write some premiums too but I would worry that Elon announces a model redesign between now and May.
They already did. Not sure that’s a positive because it will further erode margins
Hmm. I'm a TSLA bull, but that sounds like a reasonable bet.
