US stock · Consumer Defensive sector · Discount Stores
Company Logo

Costco Wholesale Corporation

COSTNASDAQ

514.80

USD
-8.63
(-1.65%)
Market Closed
39.57P/E
32Forward P/E
1.80P/E to S&P500
228.432BMarket CAP
0.67%Div Yield
Google Trends
Recent Reddit Comments

They are taking some of the most extreme cost cutting arbitrage measures I've ever seen. Reducing 401k matching, salary cuts, layoffs...

1
Reply
Share
Report
Save
Follow
  1. Very little for Oxford and Cambridge, they have huge amounts of money, but for the other 130ish Universities in the UK, there's already massive cutbacks due to lack of grants
  2. The government has promised and promised new funding sources, but the current only viable alternative is to beg industry for partnerships doing research at a fraction of the cost of what their in house research teams would do it for.
1
Reply
Share
Report
Save
Follow

The cost of living in the western world is high. Period. The digital economy is making it easier for some to pivot into starting their own business in drop shipping, only fans, fulfillment, being a self employed Uber driver, DoorDasher(flex gig is way better while you’re doing something else too?.. I mean I saw an Uber driver guy make $130k FT driving with bonuses in California, authoring books and working online with WFM… lots of options. People have choices and that means they will pick what works for them.

1
Reply
Share
Report
Save
Follow

It's counterintuitive, but market pricing doesn't really work that way.

COGS is a factor in establishing pricing, but it's not like "We had to give our workers 5% raises so all prices have to go up 5%." or even a fraction necessarily.

What largely determines pricing is the ability to move product volume. Pricing power is the ability for businesses to demand an increase in price premium, and during inflationary times pricing power is stretched.

The end result, if you read the earnings reports, is that companies have had to eat increased labor costs in margin... but something weird is happening: The impact from margin is being buffered by overall ability to move more volume than they thought, and that's because the wage raise/inflationary issue is a mathematical reduction problem.

The problem with the "wages have caused prices to increase" argument is that our wage increases have largely come after the inflationary pressure was already realized through the supply chain, and so it's lower than inflation and lags behind it, meaning that it's not putting excess pressure on volume, which means it's not causing inflation.

What the raises are doing is keeping volume from completely dropping through the floor, which is allowing companies to project stability even in the case of declining volumes. Now you can make an argument that maybe that means prices aren't dropping as much as they would otherwise, but the cost of that price drop is a much deeper recession, so it's a devil's bargain.

What corporations usually do to compensate for this isn't directly increase prices, but rather cut loss leaders. All corporations have a slate of products that make money and some that don't but have other draws. There's a subset of these that has weaker draw than the others and loses more money. Typically they shave those off the list to account for the COGS differences.

This is why so many restaurants have changed their menus since the pandemic.

1
Reply
Share
Report
Save
Follow

The only possible reason you would make an LLC to trade options would be if you are trading other peoples money (you will need to take 3 exams, get sponsored by a broker, register in the states that you are accepting money, pay an attorney to male sure your offering documents are binding and that you are covered.)

Let's say all boxes are checked and you did the above... the LLC you form would opt to be taxed as an LLP. You would create a second LLC that only you are a member of, and that would become the GP (general partner) of the first LLC.

Once all of that is established, you will need to work with a brokerage to open an account to start trading.

So, all in all it will cost you about $12k in legal fees because you would be operating in a heavily regulated industry.... then at the end of the day, you save nothing on taxes, you've created an horrific tax reporting nightmare that could open you up to all kinds of crazy audits - so you will probably want a tax attorney to handle your taxes and they are fairly expensive.

1
Reply
Share
Report
Save
Follow

Spot on, I totally missed the amount of world shattering shit that you guys have had happen during your formative years. I can imagine it's traumatic and severely warps your concept of 'normal'.

Sorry to hear you've gone through that. I've been homeless most of 2023/2022 and it's not like I made some mistake. The city I live in had biblical floods, kneecapping both my businesses, and then I got burgled.

Even if those events hadn't happened, food, rent, and general cost of living is obscene (and rising) - so it's a ridiculous time to be trying to establish yourself.

That said, I'm done with working for other people. The last 5 years of small business ownership have been liberating, and that could be a path for you. Even just contracting and owning your own labour instead of being pay dirt by greedy fucks. I'm not saying 'pull yourself up by your bootstraps', because it's not so simple according to everyone who isn't a rich dickhead - completely out of touch with the peasantry.

I hear you and you deserve better.

1
Reply
Share
Report
Save
Follow

It is not uncommon for businesses, especially those based in the US, to outsource work to freelancers or agencies in other countries.

This is because they can often find highly skilled individuals or teams, especially from India, who can provide quality work at a fraction of the cost of hiring an in-house team.

However, some agencies and businesses may choose to downplay or even discourage outsourcing, as they don't want others to gain the same competitive advantage.

In my personal experience, I have seen US-based agencies outsourcing work to my country, yet they still claim that outsourcing is not a good practice.

However, despite this, these agencies are still able to earn a substantial profit, sometimes even up to 500%.

I have had students from US, UK, Canada and Australia who outsource web and digital marketing services to us and earn substantial profit doing nothing. We encourage it as everyone should have good profits and should have opportunity to try entrepreneurship.

This goes to show that outsourcing can be a viable and profitable business strategy, even for established businesses.

Therefore, there is nothing morally wrong with outsourcing, and it can be a smart business move for companies of all sizes.

If you decide to outsource certain services for your online business, it's important to have a clear agreement in place with your freelancers, to ensure that everyone is on the same page and that the work is completed to your satisfaction.

1
Reply
Share
Report
Save
Follow

The meter was replaced in the same month as the absurdly high bill. This is clearly an error resultant of the replacement. I'd say nothing more, nothing less. I'm not paying.

Laws are different from state to state, very often you can acess the statues for your state, most are available online, you could read and see if there is some sort of clause that protects you. Unfortunately hiring a lawyer would probably cost more than 2200.

1
Reply
Share
Report
Save
Follow

productivity report will be key. Last report productivity is higher than labor cost rise, this has to continue for not higher than 0.25% hike in march.

1
Reply
Share
Report
Save
Follow

Ok so to summarize:

There is a fear of stagflation in the economy, which is high inflation and high unemployment. The Fed is monitoring inflation pressures and is expected to take more hikes off the future radar. Despite unemployment dropping in January, there is speculation that the numbers may not be accurate. There is a difference in the price increase of premium and non-premium coffee blends, with premium blends seeing the greatest price increase. Jobless claims only increase when people file for unemployment, but there is concern that we may see an increase in unemployment as severance packages come to an end. The recent decrease in unemployment is attributed to the influx of construction jobs in Florida, but only accounted for 20-30k of the 500k jobs added last month. Individuals are getting second jobs to cover the high cost of living and tech giants are laying off people. The accuracy of the Fed's numbers is questioned.

1
Reply
Share
Report
Save
Follow

Buy a lower cost ring could be smart 🤷🏻‍♂️

1
Reply
Share
Report
Save
Follow

The fuck cost 4 dollars at starbucks?! I spend almost 20 daily and buy stocks every two weeks...So I get caffeine invest and dividends fuck yo restrictions

1
Reply
Share
Report
Save
Follow

OK I lied, one last thing I just thought of:

Fundamentals valuation positioning trends are sometimes wrong.

For instance, lately there's been a lot of discussion coming from money managers relating to the CAPE ratio and P/E ratios against the S&P 500 against 2019 levels.

The presumption many fundamentals traders are making now is that stocks have to contract against the 2019 standard, because they're assuming a Fed drawdown will return capitalization and valuations back to 2019.

The problem is (and we have hard data here) that average P/E is elevating with the amount of money addressable to the market (expansion of money supply).

Well, the Fed dot plot and QT strategy tells us two things:

  1. They have no intention of returning M2 down to 2019 levels, in fact, they intend to leave a lot in the banks that will bleed out into the market over the next couple of years, since most of the M2 expansion from the pandemic is still in bank reserves.
  2. What did get released is out, and not leaving, so even if they did draw down all reserves (which is not mathematically possible given the terminal rate and other behavior) there's still a lot of that money that made prior multiples in the market, looking for a home.

The bet many fundamentals traders are making right now is towards further multiple compression, but P/E ratios also go up before recessions are over. The reason for that is complex, but it's part market parity and partially because price often stabilizes as earnings are declining because of held capital and accumulation patterns (I.e. people begin buying the dip ahead of time).

CAPE uses a median for the past 10 years, and that's less impacted than an average, but still represents a bias influenced mostly by capital supply levels from the 2010s... so assuming everything will fall back to the current CAPE ratio is probably wrong.

If the market goes down, fundamentals bears will declare victory (even if it wasn't due to multiple compression, but rather cost against the risk-free rate of return - so there's real confirmation bias at work here to be concerned with)... and if it doesn't, they'll claim the market's broken and everything's still too extended when it's doing exactly what CAPE suggests it should.

So there's still a ton of subjective uncertainty even in multiples fundamentals pricing.

1
Reply
Share
Report
Save
Follow

Wyoming LLC , no state corporate tax, no personal income tax , no franchise tax .

Highly recommend this company northwestregisteredagent.com to set up LLC, cost $39 + state fee, I'm impressed by their customer service ,solve my problem quickly.

1
Reply
Share
Report
Save
Follow

You can form LLC on northwestregisteredagent.com , cost start at $39 +State Fee . They have 20 years experience on business formation .

1
Reply
Share
Report
Save
Follow

I suggest go with a registered agent like Northwest , cost $39 + state fee .

1
Reply
Share
Report
Save
Follow

You’re correct. Italians are angered by the entire existence of Starbucks here. Coffee at any other bar is half the cost and the snacks are better too.

1
Reply
Share
Report
Save
Follow

I use Northwest Registered Agent ,doesn't cost much .

1
Reply
Share
Report
Save
Follow

Look at the cost to get a college education in the 80s, look at the average house price, look at the average salary, then see what those costs equate to today. Our salary is lower, houses cost way more, and education is way more. So you start out disadvantaged, get a degree that costs way more only to earn less than people did before, and not be able to afford a home. Couple that with insanely high Healthcare Costs, the shift of the middle class wealth to the select few, lower average life expectancy than other 1st world countries, worse health outcomes than all other 1st world Healthcare systems, and all that while laws and the system of government perpetually fuck over everyone to enable the oligarchy of the US further.

1
Reply
Share
Report
Save
Follow

Try northwestregisteredagent.com to set up LLC , cost starts at $39 +state fee , no hidden fee .

1
Reply
Share
Report
Save
Follow

Yes they will foreclose but you will be charged all the fees it cost to foreclose on the home and the $5k you still owe.

1
Reply
Share
Report
Save
Follow

If you use Northwest , cost $39 + state fee . 3-5 days for filling LLC and 3 weeks for mailing .

1
Reply
Share
Report
Save
Follow

It totally depends on location, as well. What someone else made means nothing without knowing the location and how they tend to pay relative to where you live/where your job offers are.

My first job in an actual marketing department paid $50K base in a low cost of living area. However, I got the experience needed to even get that job by working at a small family business managing their ecommerce website and Amazon store starting at $23K/yr working part time. I ended up doing everything for that business that related to ecommerce marketing, including email marketing, social media marketing and managing their PPC agency, and I developed the kind of experience and skills it took to get better jobs with better pay. When I left that place, I was making $32K still working part time. I got to $85K base 4 years after starting that job, working at a startup and got a raise to $90K base there.

1
Reply
Share
Report
Save
Follow

It's not the financially savvy thing to do. The gas savings are never going to make up for the cost of the second car.

If you just want a second car because you're a car person and it fits into your budget (I would probably file it under hobby/fun budget) then go for it.

1
Reply
Share
Report
Save
Follow

Suggest you use northwestregisteredagent.com to set up LLC, cost $39 +State Fee . They provide free business address and free operating agreement .

1
Reply
Share
Report
Save
Follow

It also depends on what you're looking for and how you want to live life, quality-wise.

Some cities are more bikable/walkable than others, so you can save costs in other ways (such as not having a car/low average milage, etc.).

There's also potential income considerations -- you'll make much more in comparison to cost of living in some cities versus others, and this can vary depending on field (such as software engineers getting paid more in certain areas). Sometimes even with the cost of living the increase in salary and opportunity is worth it to some.

And then there's culture. If you are someone who identifies as POC or LGBTQ then some cities might be more comfortable to live in than others. That though varies from person to person.

In the end it's all personal. At a glance the cities others listed are pretty solid but I would just also think about what you want and make sure you'd actually enjoy living there.

1
Reply
Share
Report
Save
Follow

After first maxing tax sheltered retirement account contributions direct from your payroll, then arrange auto transfer direct from pay to taxable savings/investment accounts. Your payroll HR offcie can help you with that. If you never see the money, but it goes automatically to those accounts mentioned, you never mentally consider it as "extra" available to spend. Also read "Your Money or Your Life" (Vicki Robins)--main takeaway is you compute all potential purchases in terms of "how long did I have to work" to afford to buy this? Do not look at the dollar cost but the time cost from your life. That will kill your desire to make a lot of needless purchases when you see what portion of your life it takes to buy whatever it is.

1
Reply
Share
Report
Save
Follow

A store has lots of costs. Can you grow and sell enough plants to cover the cost of the store rental, unilities, employees, etc and still make a profit?

If your monthly costs are $3,000 and you want to earn $4,000 a month you need $7,000 profit. If each plant makes $5 profit, you need to grow and sell 1,400 plants a month. Is that feasible. You'll have upand down months so will need to sell many more some months.

You need to do some research to better figure out the costs.

1
Reply
Share
Report
Save
Follow

"Historically" takes into account periods of time when a house cost three years of salary. It's irrelevant.

1
Reply
Share
Report
Save
Follow

Damn that sucks. I got an LLC for no reason then lmao. It only cost me $125 tho in NC. Literally no tax benefit that I could do with it?

1
Reply
Share
Report
Save
Follow

Exactly the fed likes 2% per year because at the rate the economy can still grow while also lowering the value of their cost of interest from their previous national debts

1
Reply
Share
Report
Save
Follow

Here is an alternative opinion to consider:

You are 22 and living in NY. You are in no way shape or form going to buy a house in 3 years. Forget about it. Even 8 years is stretching it. I suppose that maybe in 8 years you could save enough to afford the downpayment on home upstate.

The normal advice for people looking to buy a house soon is to avoid the stock market. Other people in this thread are telling you that. But there is a huge trade off here. If you instead put that money into the market it could grow magnificently. Putting that money into bonds or cash would result a huge opportunity cost compared to putting that money into stocks.

My advice is that you should throw every penny you can into the stock market. Specifically, into a diversified ETF/index fund like SPY, VOO, etc.

When you are older, much older, and when you have enough money in stocks to afford a down payment, sell the stocks and get the house.

The downside to my advice is that when you finally have enough money and want to buy a house, the stock market could crash 30%, and you will have to continue renting for a few years. This might be painful, especially if you have found a dream house that you can no longer afford.

You also need to consider your retirement here. This is my biggest concern for you. If you let your money sit out of the stock market, you are condemning yourself to poverty in your retirement.


May I also suggest that you should move out of your parents house? I know everyone on this subreddit will tell you that you should live with your parents as long as you can. But your quality of life will vastly improve when you move out. You are 22 and have a full time job as a nurse. You have it made. Why would you want to continue living with your parents? Yes, you'll save more money but being a real adult is far more fulfilling and rewarding than being a child.

1
Reply
Share
Report
Save
Follow

right. so then the question becomes how much car can i afford? how much should my first car cost

1
Reply
Share
Report
Save
Follow

Yeah, I’m going to have to strong disagree with the “website and run google ads” for a cleaning business. Customer acquisition cost is high for a lower ticket service, so you really need to have your pricing on point and have a solid plan for “re-targeting” if you are going to run paid ads. Not to mention, there are various different “types of cleanings” and an efficient campaign will need specific landing pages for each service. (I.e. deep, move in out, standard, recurring)

I run a successful cleaning service, but I’ve lost a metric butt load trying to “scale hard with hyper growth” and learned these lessons the hard way.(In multiple locations)

You have to be able to turn one-time clients into recurring or paid ads are a legit waste of money.

Your plan seems like a solid way if you want to do the work yourself and learn how to price your services according to the work that is put in on each type of job mentioned above. (Best baseline I can provide here is $80/hr x cost of living index. We use flat rate pricing, but the “flat rate” is close to that hourly rate. We come in around 20% above that equation in our area, but that’s because we’ve built a quality brand and customers are willing to pay more for a top notch service.)

I would highly recommend registering as a business and setting up a business bank account. Then I would make sure you have an online booking software that integrates with whatever payment processor you decide to use. (This will keep your from chasing down checks. A lot of customers aren’t home for the service.)

Now to the first part of my comment. I still think you should create a great looking website that converts/builds trust, but reviews are important here as well. Create a google business listing, get it verified and get some reviews from your first customers. This is important because you are literally going into peoples homes, they will be looking at your reviews.

After you have a business setup, bank account, booking software, pricing set, landing pages for each service (ideally optimized for search engines for sustained long term growth), great reviews, re-targeting campaigns with a solid system to convert one-times into recurring clients —then you can “run google ads”.

Good luck, and I hope you start an awesome business. I just wanted to give my advice as someone that’s been through the ringer in this industry!

1
Reply
Share
Report
Save
Follow

Consider dividing money into three categories: Short Term, Intermediate Term, Long Term. Then make the investment decisions accordingly.

For short term: High Yield Savings Accounts, I Bonds, CDs, Money Market.

For long term (20-30) years: "My regular recommendation has been a low-cost S&P 500 index fund," Warren Buffett wrote in his 2016 Berkshire Hathaway annual shareholder letter.

Additionally, you might benefit from tax advantaged accounts such as Roth IRA, 401k or HSA?

The power of continuous contributions and compounding effect in a tax advantaged account (401k, Roth IRA, HSA) could be very significant. Source: fidelity.com.

Disclaimer: I am not a financial advisor or a tax professional.

1
Reply
Share
Report
Save
Follow

Added in the other comment - will put in my post. Good spot on maint. I know I technically can do this I’m just not sure if this is financially sound considering the interest piece. Just not a huge fan of personal debt in general.

Honestly not 100% sure on how to handle the moving piece. My moves are subsidized too a degree and I could ship a vehicle at a reduced cost.

1
Reply
Share
Report
Save
Follow

I say this as a business owner, if you are having a hard time finding people it's because your wages are shit. If you can't afford to pay people higher wages it's because your running your business like shit. I've raised my prices four times this year....every time my clients complain about cost....yeah bro inflation is a bitch and the photographers cost more, what time did you want us to stop by for that shoot? I've lost all of 2 customers(fuck both of them as they were both my worst most pain in the ass customers).

1
Reply
Share
Report
Save
Follow

A fraud is a fraud is irrespective of the person or the country and that's why strong legal action should be taken at any cost.

1
Reply
Share
Report
Save
Follow

What is "Fuck You Money" to you?

I contend that it is the cost of a nice house in your area x 2.

Own your land, use the rest to take theta money from idiots.

1
Reply
Share
Report
Save
Follow

You best return on investment is going to be not having student loan debt so pay that crap off in full. After that go ahead and open up a roth ira. Make the max contribution of 6500 for the 23 tax year and 6000 for 2022 if it'll still let you and invest all the money in that account in low cost index funds and etfs that track the s&p 500. Us bond and treasury market and have some exposure to international markets. You will need to do some research on this but basically this is just a tax sheltered retirement account to allow that money to grow tax free until you are at retirement age. Any money left over I would set and emergency fund with.

1
Reply
Share
Report
Save
Follow

Perhaps, before making the investment decision, you might consider dividing money into three categories: Short Term, Intermediate Term, Long Term. Then make the investment decisions accordingly.

For short term: High Yield Savings Accounts, I Bonds, CDs, Money Market.

For long term (20-30) years: "My regular recommendation has been a low-cost S&P 500 index fund," Warren Buffett wrote in his 2016 Berkshire Hathaway annual shareholder letter.

As others mentioned, once employed, perhaps you could contribute to other tax advantaged accounts such as 401k or HSA?

Disclaimer: I am not a financial advisor or a tax professional.

1
Reply
Share
Report
Save
Follow

I only like calendars when the volatility structure fits the narrative, specifically front month have 2-3x IV of the back month. This commonly seen for earnings, resulting in a cost basis reduction towards your long option or a winning position.

I rather do diagonals/PMCC/PMCPs if I just have a directional bias in a low-IV environment

1
Reply
Share
Report
Save
Follow

Yup. Watch out for the indirect cost rate institutions demand.

1
Reply
Share
Report
Save
Follow

Probably the same way an analyst would look at it. They'd look at the total addressable market and calculate probabilities.

An AI just has to match an analyst, not beat them. An AI could even lose a small amount to them and still be more cost-effective.

1
Reply
Share
Report
Save
Follow

True! Same here but they have high food cost rent and employees. So they’re prolly not gonna make it. Many will go under. $13 lunch special is the new deal now, sucks because for years it was $5 to $7 for lunch

1
Reply
Share
Report
Save
Follow

This is a wild as guess assuming they are making 5,000 boxes in fully automated facility. I would guess at least $3 per box, maybe more. Taking that to 10,000 units would not affect the per box price very much.

A few things to keep in mind, some of these may apply.

MDF - Marketing Development Funds
Slotting Fee - Actually paying for space on the shelf
On-going merchandising costs.
Wholesale or Pay-on-scan
Who is responsible for lost, stolen, or expired inventory.

You really need to get your hands on the contract and go over it line by line.

Little Story. One of our friends created a South American hot sauce product. She went directly to a co-packer and hired a distributor that managed to get them into local stores. No big chains mainly because of the final cost. Once they did the math they had to set MSRP at $14.99 and wholesale in the $8 range for a product that should MSRP under $10. They are making a little money but not selling enough units to really get their costs lower to take it too the next level without compromising the quality of the product. They are in a tough spot and not sure what to do.

1
Reply
Share
Report
Save
Follow

Well, yes, although that too has changed.

The point is that this finds return 3.5% to 5.2%. There is no way they can keep up with inflation plus the ever rising cost of education, specially on shorter periods of time. Specially for higher ranked schools. My program costs close to a quarter million for an Ivy League education. No college fund will help much here.

You can invest that dollar somewhere else where it can get you two or three times the returns. You can still pay for college, or not, but you would have the option without the penalty, and more ROI.

Something to consider for sure.

1
Reply
Share
Report
Save
Follow

Eggs give you harsh flatulence. That you can then bottle and sell for $2000.00 a jar. No Joke... Some chick is selling her farts and has made around 300k so far. Look it up. It's no joke. She says she eats a lot of eggs in order to produce quality wind. I suppose the cost of her bottled farts will now go up due to production costs increasing. Calls on Farts.

1
Reply
Share
Report
Save
Follow

well, it's worth knowing it is not USA specific financing

https://www.mewithmysuitcase.com/2022/06/amsterdam-red-light-district.html

"The rent of the window is extremely high. It can cost from 90 to 150 euros for eight hours. This means they need from four to five clients per day in order to pay the rent"

1
Reply
Share
Report
Save
Follow

If you’re serious about this- I’ll build it for you at cost upfront, probably several hundred, and just recoup my costs via a low monthly fee.

I’ll show you how to use the site once it’s up and running and even do free edits.

Dm me if you’re interested.

1
Reply
Share
Report
Save
Follow

Make sure you understand 1031 exchanges. You don’t just re-roll your profit. You reinvest your investment (including debt) elsewhere. You’ll be borrowing again. If you pay off the loan with sales proceeds and just 1031 the gain, your payoff will be considered boot, and thus negate your 1031. 1031’s capture gain first before return of cost basis.

Also, that loan is something of extreme value now. Consider cashflow effects of a higher interest loan, especially considering the reinvestment requirement of a 1031.

Congrats on the good position, but seriously consider the collateral impacts.

1
Reply
Share
Report
Save
Follow

I keep my emergency fund where I can get at it in a hurry.

Once I put it in a money market account and something came up. It cost me penalty and interest.

Anything more than my emergency fund is put in High interest.

1
Reply
Share
Report
Save
Follow

You really don't give enough information to help you make a wise decision. Generally I recommend investing and living below your means. Buying a house outright if you have the credit for a mortgage burns opportunity cost of investing the difference mortgages on a primary residence are a huge driver of net worth.

1
Reply
Share
Report
Save
Follow

How much money has he extracted from TSLA?

twitter cost 44bill. He also had other investors but likely paid most of it himself.

​

tesla revenue 2022

81 billion.

You lose the bet.

1
Reply
Share
Report
Save
Follow

That’s awesome!! Congrats on looking at semi-passive businesses.

Gum machines are relatively cheap and maintenance I’d imagine is easy.

Why not talk to some of your teachers or school administration?

When I went through school there were a few similar things the school administration allowed.

Here’s some hopefully helpful things for you.

You want to determine your costs (location rent, cost of product, maintenance, etc) per machine, then determine your profit and just make sure that you are taking home something after you pay all expenses.

Something else that might be easier to start is selling candy bars.

You can go to Costco or other bulk warehouse and buy an assortment of candy and then you can sell those full size candy bars for 1.5x their cost. You could store the goods in your locker (so they don’t get squished or melt). You could even set up shop in the lunchroom of your school probably and I’d bet you would sell out pretty easily.

A couple other ideas for you to consider

During winter months,

  • Buy batches of de-over salt and sell your ice proofing service for driveways and sidewalks
  • get a snowblower and plow driveways and walks
  • Take trashcans to the street

During warmer months

  • dog walking
  • Power washing trash cans/home siding/decks

Something else I thought of as well, operate a tutoring gig, and hire out the tutor services. This way you don’t actually do any tutoring you just act as the middle person.

1
Reply
Share
Report
Save
Follow

Same. Panda Express has a sign posted for $17+ cost of living here you could afford a starter home on that salary.

1
Reply
Share
Report
Save
Follow

I wouldn’t blow your savings on this, particularly with the risk of a second injury doubling your cost (which you don’t have.) Instead I would reach out to the shelter and discuss treatment options with them. They may offer assistance, or alternative non-surgery treatment options. They may also prefer she stay with you on kennel rest/limited activity while they seek treatment and re-adoption. I don’t think you have to make this decision on your own, but it doesn’t sound like 6-12k is a reasonable expense for you.

1
Reply
Share
Report
Save
Follow

Just hold your money for now. Live rent free and respect parents who raised you well.

2020 everyone overspent, 2021 markets overvalued, 2022 inflated every sector. Normalizing back down should be this year and hopefully back to pre COVID prices in 2024.

Once the market comes down, look up cost of living to help create a budget. Save the money now you plan to spend on mortgage or rent so you are used to it or save more.

Look up county tax office website or search county name and CAD in Google to see how much houses were bought between 2022-2023 to see what a realistic price should be. Don’t just trust Zillow. If you are military or medical professional you get certain benefits when buying property.

Learn how to create an LLC and become a real estate professional so when you rent a property or multi family property how to maximize tax credits and benefits.

1
Reply
Share
Report
Save
Follow

Better than identity theft monitoring is personal cyber fraud insurance. It covers not only the cost of remediation but also financial damages. It’s usually an endorsement on a home insurance policy, it usually comes with LifeLock or an equivalent brand, and it’s like $100 for a year.

1
Reply
Share
Report
Save
Follow

As someone without an economics background....how will people not having as much disposable income due to cost of living expenses impact this? This doesn't seem like a sustainable market atm

1
Reply
Share
Report
Save
Follow

As you are probably aware, cost of goods and taxes are the highest expenses most small business have.

Deduct Everything by Eva Rosenberg is a great book for anyone who is alive, works, has a business, etc. It has a great approach in presenting taxes, and the things to consider.

Also, look at your states economic agency; their may be grants or tax credits available that apply to your business.

However, I would urgently seek a proven CPA that is also an IRS Enrolled Agent.

If you are looking to invest in a really great idea, please message me. I have something I want to share with you.

1
Reply
Share
Report
Save
Follow

I’ve worked in HR for several health systems, and never once have I had an employee held responsible for the cost of tests performed by employee health. OP’s wife should call and find out if she was billed by mistake.

1
Reply
Share
Report
Save
Follow

There’s too much missing to answer this conclusively and preferences will vary.

But, let me reframe this for you: forget about the house for a moment. Would you be comfortable borrowing $300,000 to buy stocks? Because that’s the exact thing you’re considering from an opportunity cost perspective. Either pay cash for the house, or take out a mortgage and use that cash to invest.

You’ll always need a place to live. Don’t underestimate the peace of mind that comes from a paid off house.

Also, people are REALLY bad at self-assessing their own risk tolerance. It’s super easy to convince yourself, if the market falls, I’ll definitely buy more stocks, not sell. Yet the data shows, tons and tons of people find out this just isn’t true. Either because they freak out, or because they think they can time the market. (During COVID, lots of people thought they were clever. Stocks will fall with the next wave of infections, and missed out on the HUGE rebound rally.)

1
Reply
Share
Report
Save
Follow

I will note that I am drawing figures from the Bureau of Labor Statistics and not delving into topics such as the inherent problems with wages in the United States in general, or the rising cost of living due to inflation caused by excessive wealth accumulation and hoarding by the rich and other such factors. So with that said, a "fair wage" that can be calculated is what I gave above, not (per se) an equitable wage.

1
Reply
Share
Report
Save
Follow

So this seems fairly close to a mail clerk (median = $16.54/hr) or a general office clerk (median = $17.81/hr). Given that you are in a major city in CA (which is the area we are using; presumably this individual must work in-person so a non-CA major city perspective would be useless), we look at the cost of living compared to the US average.

​

Taking San Francisco, you are looking at an 86.1% higher cost of living than US average. So your fair salary rate would be ($16.54 * 1.861 = ) $30.78/hr to ($17.81 * 1.861 = ) $33.14/hr.

​

It would depend on *which* major city specifically you are talking about, but you can find the cost of living calculator for your specific city that compares to the US average and do your own math from here.

1
Reply
Share
Report
Save
Follow

Not entire true. Companies have been competing for a shortage of workers, so they raise compensation to attract them, and pass on some of that increased cost in their products and services.

1
Reply
Share
Report
Save
Follow

>started to dig in to what we’re paying for tools/software/hosting fees and the like to see what can be cut there.

You're absolutely right about this! I need to do this as well.

guerrilla style marketing for our own agency to get our name out there and attract new clients.

Traditionally we've just advertised on Google Ads to get clients, but we just bought into this LinkedIn lead gen thing. I'm skeptical. It cost us $5k and no leads yet. Not sure when we are suposed to get leads but the girl who sold it to us said it's gonna pick up soon. My partner is the one who wanted to do it, but of course I'm down to try.

Anyway, what sort of guerilla stuff are you thinking (if you're able to say)?

1
Reply
Share
Report
Save
Follow

This is presumably a property that must cost hundreds of thousands or millions. That's a lot of balance sheet risk. At that price it's more than worth hiring your own inspector to check the property and an attorney to set up a deal for how to rehab it and transfer it in a way that's fair and safe for both parties.

1
Reply
Share
Report
Save
Follow

Look up DCA (dollar cost averaging) if you are nervous. Look up a book called the Simple Path to Wealth, and read it. Then read the wiki here for more ideas. Are your friends independently wealthy? Could be a reason why not...

1
Reply
Share
Report
Save
Follow

That makes no sense. Take money from this asshole to give away 50% to then attempt to grow more so that you can get back to your original valuation?

That’s an incredibly dumb and nonsensical idea. If you sell anything you put that money in your bank account and then you and your partner fund a new marketing initiative in equal shares.

Also, how in the world could the cost of additional marketing be 50% of the value of the business? Your marketing cost in most businesses should be like 3% of your yearly budget and may float up to 8%.

1
Reply
Share
Report
Save
Follow

They put 5 bags of chips and 7 different kind of candy on the counter. Instead of scanning all 5 chips that cost the same amount, you just type 2.49 and click non tax 5 times and same goes for the candy

1
Reply
Share
Report
Save
Follow

Thank you. I agree. The days of doing deals on a handshake are, for the most part, long gone. Even I had to abandon them a few years ago.

I am intentionally concealing the names of the alleged stores for obvious reasons. If true, it will be great. But, yeah, it seems a little too pie in the sky for my liking to just stumble into such a deal.

To me, it feels like the production companies are happy to do their part with no concern for the end game of actually selling the product. I assume they get theirs up front and who cares if some guy blows $50k+ producing 1,000's of packages of queso no one will ever buy.

I feel like he is operating on a lot of contingencies and doesn't understand what that means.

If I may, could you give me a ballpark figure on what it would cost to package about 8 oz. of cheese sauce into a plastic microwavable pouch with 2 to a box? Per unit, if possible. I realize in this case one unit is "a box", not 2 packages, so either way works for me--per bag or per box.

In case it's not clear, I have no stake in this venture nor do I intend to acquire one. He's just a friend I've known for the last 30 years and I want to help him as best I can.

1
Reply
Share
Report
Save
Follow

Knowing their insurance cost would be useful.

You can save a lot of money driving cheap cars and only having liability insurance.

1
Reply
Share
Report
Save
Follow

Im going to offer you a piece of advice. Dont run straight to option trading.

I would instead suggest a smaller investment option that can be scaled up. Im not saying pick this stock. Im just using it for a scenario. It could easily be another stock with the numbers being punched in coming up a bit different. This one just happens to have a low entry cost.

Ford right now is 13.16

A special dividend has been declared and it isnt ex-div yet normal dividends have been running .15. The special is another .65

A call for June of 2025 with a $15 strike is getting a hair over $1 right now.

Basic calculation is this $1316 for 100 shares. Roughly $1.7 in dividends over the call period if it goes to expiration. Another $1 for the call. Another $1.84 if the call is exercised. So essentially $4.55 income over that period if the call is exercised near expiration with maximum dividend dates received. If it isnt the call expires worthless but you will own the stock. That would be a 34% return over 2.5 years. Not exactly exciting, but a lot of that return is baked in early and a good chunk would be dividends.

​

That may not sound impressive because it isnt, but it is relatively low risk and will let you do some basic options with relatively little money. Oh and did I mention you are getting a large share of that $4.55 up front? That means you can turn around and buy more shares to compound it you can use that money to buy some calls. You could also immediately use that money to fund a call contract you are interested in.

Im not saying you should do Ford either. I just used it as an example because the cost of getting in is so low. If you got more money you could do something similar with better higher priced stocks. There are several good choices in the $25-$40 range, but then you are looking at a substantially higher amount invested for each call you can sell.

Now there are some risks of course, but this would be far less risky than the option spreads and there are some substantial benefits to a setup like this. For starters you can use the dividends to fund option trades down the road.

​

I only offer you this idea because I hate to see people blow up their accounts. Something like this is building a small cash printing machine and then do your risky stuff with the printed cash. If your option fails you still have the cash printing machine and just need to wait for another bit of cash to pop out.

​

Anyway good luck

1
Reply
Share
Report
Save
Follow

Yes points are a standard option on a loan. You can also take negative points for a higher interest rate and the lender pays you extra money to cover closing costs. A few years ago as rates were dropping you could easily do a true "no cost" refinance by taking a slightly higher rate to cover closing costs rather than rolling them into the loan.

My purchase in 2018 started at 4.5% and I refinanced once a year with nothing out of pocket until I hit the bottom at 2.5%.

It really is a roll of the dice to see if buying down 0.25% at the cost of 1% of the loan will pay off. If rates cool off and drop in a few years you could refinance and which would mean you probably threw some money away.

If I bought right now at 6% I would not buy points.

1
Reply
Share
Report
Save
Follow

What I see is multiple questions. Before telling you to rent the house, there are numbers to run.

Mortgage cost, anticipated rent, availability of property managers. At a minimum the rent needs to be 1.25 x mortgage costs. Ideally closer to 1.7x

A liquid HYSA is currently at 4.10%. So don’t pay down the mortgage early right now.

Ideally you can keep the house, rent it out, and find a great local property manager.

1
Reply
Share
Report
Save
Follow

You’re asking the wrong question. Every day is a great time to invest in index funds using dollar-cost-averaging. Best way to long term wealth.

1
Reply
Share
Report
Save
Follow

Is that the true value of the house or is the price overinflated? You live in a home already and your mortgage is on the lower end. Pay off the car loans, make sure you have a healthy emergency fund and then revisit buying again. Your cost of living will double. More money on heating costs, furnishings, property taxes, etc. Do you like to travel? Do you or will you have kids? Are you maxing out investments? These are important questions your should ask before jumping into something shiny and new.

1
Reply
Share
Report
Save
Follow

Considering the plummeting of housing prices and used auto prices, the cost of living rising along with food prices, I would disagree. People have far less disposable income as a whole so that will be effecting the market as well. Im personally hopping for them to raise interest rates again so I can scoop a cash deal on a house in about a year and a half.

1
Reply
Share
Report
Save
Follow

Honestly you need to provide more information. If you live simple, frugal lives with paid off cars then sure, it should be fine at 400k+. But if you are about to have multiple kids (and will need high cost of living daycare), have medical issues, expensive car loans or CC payments, etc then it’s harder.

1
Reply
Share
Report
Save
Follow

I don't know why others are saying not to do it?

It may be a viable source of traffic that reaches your ideal demographic and converts at a cost-effective rate. I would test it out and see what happens.

1
Reply
Share
Report
Save
Follow

Hey guys, homeless post-cancer mother here. 6 month old and a 5 year old. I have a job, but cannot afford a place to live or the cost of moving currently. It's fucking depressing

1
Reply
Share
Report
Save
Follow

Um, pretty much every company in the world does this, with either employees or outsourcing. Not sure I see ANY ethical issues here, beyond being clear in what you're selling the client.

  • It's ok to say you have a team - in many cases, that can be pitched as an advantage
  • You generally need high markups on employees and vendors to make the math work; remember you've got a fixed cost of setting up the relationship, are on the hook for any errors or payment delays, and frequently need to pay for idle or unused time (your staff rarely responds well to - "we don't have sales, I can't pay".. that's the risk you're taking)
  • Most middlemen do actually contribute value to the deal by knowing who to hire at low rates, how to manage quality, and managing client / end user drama (customer service). Freelancers that want to bitch about markups can have those issue... good luck watching your unpaid time vanishing down that rathole...
1
Reply
Share
Report
Save
Follow

Meme or not my average share cost is 16 dollars =]

1
Reply
Share
Report
Save
Follow

>They are already protected, that's what the collateral does. > >This is an additional charge, because they can.

When the value of the house goes down 30% because of a market correction or crash, they do not have collateral. Anyone who bought a home in the past few years now has a loan bigger than what the bank can sell the house for. PMI solves this issue.

>It's completely different than being required to maintain full coverage. Because that is already ALSO required by the lender.

Home owners insurance covers YOU. PMI covers the bank.

>Your whole perception of punishment vs. non-punishment is flawed. That's not what this is about. There is a penalty for not having 20% down. It will cost you PMI at the rate charged by the lender.

Rate charged by the insurance company. You are not entitled to buy a house if you do not have the money to purchase it. Banks are not obligated to loan you money. They do not owe you a loan.

By having less than 20% down, your loan has increased risk. PMI covers this risk for the bank.

>It's a penalty. A fee. A cost. No matter what spin you want to put on it, it is bad for the person paying it, and good for the person who the premiums are being paid to. If you don't like the word penalty then that's your prerogative but it is one.

It's not a penalty. Your world view is hilariously bad.

1
Reply
Share
Report
Save
Follow

I filed with them last year. Last year it didn't cost me anything to give them my paperwork, only to file when I came in.

She did ask me if I've been there before and I said yes but that was it. Didn't ask me anything else, just said she'll take my papers and I'll be contacted in a week.

1
Reply
Share
Report
Save
Follow

"In the money" when/if SPY gets below 403

You can liquidate options now and make money on the the market value of the options premium over cost basis.

Be careful with options. Certain positions can leave you on the hook for an amount of money you may not have. Like selling a 70 call options at 403 strike with no price movement before expiration would cost you about $2.89 million dollars.

These a levered products.

1
Reply
Share
Report
Save
Follow

Lolz that balloon probably cost .001% of the F22 sortie

1
Reply
Share
Report
Save
Follow

There’s this manufacture in the US, but be prepared to spend a minimum of $10k

https://www.startyourline.com

Good manufacturers cost money. This one is probably the best in the US

1
Reply
Share
Report
Save
Follow

VYM in taxable. Target date in tax advantaged. The tax drag of dividends is worth it for the peace of mind and higher cost basis upon retirement.

1
Reply
Share
Report
Save
Follow

Ha ha ha

lets see eggs is $9/ dz, produce cost hits the ceiling.

1
Reply
Share
Report
Save
Follow

We’re going to have to agree to disagree. In considering raiding your retirement account, I think it’s important to think about the total cost, not the cash flow. 22% (or whatever your marginal bracket is) plus 10% is 32%. That’s the cost, no matter when you pay it. Paying it with of retirement funds that are themselves taxed and penalized is even worse.

I’ve never heard of a plan that allowed in-service distributions of pre-tax money. Given that yours allows it, why not roll to an IRA to allow you to take only the minimal amount you need when you need it and avoid the withholding?

1
Reply
Share
Report
Save
Follow

A few rules of thumb. A house worth more than 3x your salary may not be affordable. It usually takes about 5 years living in a house for it to break even in cost. The house you want fits within that guideline, so that’s a positive, and you’ve been living in your current house for more than 5 years. If you bought your house 6 years ago I’d be surprised if it hasn’t increased more than 20k, you might check that. Are you considering having kids soon? Factor that into your future budget. The biggest thing you could do is pay off your cars quickly and save more. Do that, and I think you can afford the house you want.

1
Reply
Share
Report
Save
Follow

The government printed trillions of dollars, suppressed interest rates, and made many kinds of productive work illegal under lockdowns. This drove up the cost of everything. Your solution is to give the same people that bare responsibility even more power over our lives.

1
Reply
Share
Report
Save
Follow

Dividends transfer risk from the market to the economy.

If a company worth $1000 makes a $100 profit and invests it the value of the company goes up by $100 to $1100.

If the company makes $100 profit and pays out the $100 you have a company worth $1000 and you have $100 in cash.

It's a wash.

Now Mr Market comes along and tanks the value of the company by 50%. No recession, just because it can. For the dividend holder the 50% haircut only applies to the unrealized value of the company. They still have $100 cash.

Depending on where you are in your lifetime arc. That can be valuable. When we start talking about the sequence of return risk and using bonds to reduce volatility you can use dividend stocks the same way. You may not want to completely eliminate bonds, they are an uncorrelated asset, but you can probably use a lot less.

Even in recessions dividends see much smaller reductions than the market value. So both decline, but to different degrees and that small bond position can cover the shortfall in dividend income much easier than the capital loss.

Since the market goes down 1 year in 4. But recessions occur about 1 year in 7 that is a real difference.

It's not a simple win for dividends though, that market volatility during your early accumulation years works in your favour. As on average you get a lower entry cost as you DCA in over the market swings. Also because a portfolio targeting the 4% rule it needs 25x income to work because you will sell the underlying assets, but a dividend portfolio is more likely to be 30x income needs because you're not prepared to sell assets so it means saving a lot more money.

In short dividends do matter, they put a floor under the value of a company that lowers volatility, but there is no free lunch and companies with the wherewithal to pay dividends have far more cash flow than they can usefully reinvest so are likely more mature and have slower long term growth prospects.

1
Reply
Share
Report
Save
Follow

They do it because they had more money than they could imagine, so the only thing to do is to scale as much as possible with it.

Imagine playing some RTS video game and for 5 minutes you could generate workers for 1/10th the cost. You would naturally just spam them without a care, because they go out an create value for you.

If later on things are looking bad and you cannot support those tons of workers anymore..."Thanks for all the materials you collected, I can't support you anymore so don't mind that soldier who is gonna shoot you in the head".

There is another bonus for these tech companies too, in that they can lay off old timers who get paid tons by virtue of being there for years. Basically "a young person will do 85% of what you do for 25% of the cost"

1
Reply
Share
Report
Save
Follow

Okay, it was similar but the main difference was their car had struts rusting out.

The main best answers seemed to focus on how much used cars cost right now, and how you might be better off with a new car.

Yeah, you have the problem of you want a car that's not an econobox though, so that does drive up the cost.

1
Reply
Share
Report
Save
Follow

Depending where you live, you could make it work. Hopefully you can find low rent, and bring your groceries cost down.

1
Reply
Share
Report
Save
Follow

No; he doesn't cost me ANYTHING! He gets commission from banks and Life insurance companies.

1
Reply
Share
Report
Save
Follow

How do you plan to manage the property when you don’t live in the area?

Crunch your numbers. What can you get for rent? What does a reputable property manager cost? What is maintenance going to run you?

And with all that, does it pencil out?

A single rental property can be tough to make money on if you can’t be around to handle issues because you live elsewhere. But if you can make it work, more power to you.

1
Reply
Share
Report
Save
Follow
Recent Tweets
The best tweet in history! Where:On video! % $twlo : 1.31 % $plato : 2.48 % $zkin : 0.44 % $sxp : 2.91 % $kprx : 1.60 % $cost : 4.09 % $cosm : 2.84 % #matic : 0.64 % $aapl : 0.44 % $crm : 4.46 % $jazz : 4.10 % $vntr : 3.94 % $tril : 4.49 % https://t.co/WFboOqqEWf
0
0
0
$COST $525 target met. Trade thesis complete. If it breaks out of here that's a new trade with a different trigger because it could just reject here instead. The next idea would be to watch for lower time frame rejection then target $475 bottom of wedge or breakout targeting $565 https://t.co/ggkhbsptdV
0
2
16
Have stocks gone too far too fast? 🧐 151 tickers in the S&P 500 closed above their upper Bollinger Band on the Daily today! ✅ $MSFT $AMD $ADBE $COST $META $MAS $UPS https://t.co/D73rZmH4Vl
4
2
26
$COST 👀 the captain says abandon ship 🚢 🫡 https://t.co/tAzKI2h31e
4
4
33
$COST Doji at the scene of the crime after 9 rippers? https://t.co/i8N0s80Ukc
1
0
8
room on fire done for the day might go to $COST to buy some diesel fuel and steaks
1
1
2
$Cost gone. its already in the gap trying to fill. $528.11 minor support $531.19 & $533.54 are resistances. overall tp is $537.02 https://t.co/EXK0eli0Cq
0
0
7
$COST you all rich yet?
0
0
7
$COST currently at $527. Cost has a gap fill at $537 https://t.co/qyocBAW5TX
0
0
7
$COST Another shocker. lol
0
0
6
$COST Costco Jan. Total Comparable Sales Beats Estimates *COSTCO JAN. TOTAL COMP SALES +5.6%, EST. +3.1% *COSTCO JAN. US COMP SALES EX-GAS, FX +6.9%, EST. +5.3%
1
2
8
Costco is DANGEROUS! How many shares of $COST do you own? https://t.co/1Tsw5zyM0G
17
1
34
WTF🚨 Costco is designing an 800 unit apartment to be built on top of Costco, comes with free membership, room service for the pizza/hotdogs etc. & more…. What movie are we living in?! #costco
1477
698
9978
$BJ still outpeforming $COST by a wide margin and it's cheaper. https://t.co/paGxqo2HSQ
8
1
36
Potential butterfly pattern developing on $COST. Projected price target 667. https://t.co/AfmO666lYy
3
0
19
Okay I love Costco $COST, but with expected growth of 10% annually and with a 0.7% dividend yield the PE of 37 seems crazy to me. This valuation gives a downside of 60% to a more “fair” PE of 15. Can someone justify their valuation for me?
14
0
17
$COST Details on chart below Short Only below 504.45 https://t.co/fi3fVqSZDb
0
1
4
$COST weekly diamond 💎 almost seems too perfect. 🧐😵‍💫😎 https://t.co/RhufiH7kKL
0
1
3
$COST The Daily. Come back in a week or so.
4
0
6
$COST wedge bottom & 100 sma = key reference zone Bounce off it🎯$525 wedge top Lose it🎯$390 vol. profile gap bottom https://t.co/rMHHRL1ye9
2
1
22