The Kroger Co.KRNYSE
No dumb fuck I am saying the retailers use the free range law as an EXCUSE to raise prices. Inflation is rampant so they can get away with it for now.
It’s not a commentary on the law or the eggs or the chickens or the farms… this is an economic concept. But this is WSB so everyone is too stupid to understand anything which isn’t a meme-stock. Which is funny because price gouging like this has led to record profits in a few industries over the past year. But again, it’s WSB so record profits is too salient a metric to be important here, KR doesn’t have meme equity so it may as well be BRK-A to you idiots
Do not worry, it seems you are quite cash positive and your income even without the rental income is good to cover expenses.
Here is a diagram to help you see the situation:
Nonetheless here are a few approaches to help you even more:
Negotiate the rent increase: You could try to negotiate the rent increase with your landlord. Explain your financial situation and propose a more reasonable rent increase. There's no guarantee this will work, but it's worth a shot.
Find a roommate: If you have a spare bedroom, you could consider finding a roommate to share the rent and other living expenses. This could help you offset the increased rent.
List your out-of-state property for sale before the tenant moves out: You could consider listing your property for sale before the lease is up, with the understanding that the new owner would take over the lease. This may help speed up the sale process and reduce the amount of time you need to cover the increased rent.
Short-term rental options: If you do decide to sell your out-of-state property, you could consider short-term rental options or a month-to-month lease while you go through the sale process. This might provide more flexibility in case you need to move quickly.
I have a Trek 3700 that I got as a prize on a company sales winner trip. I also have a Masi Speciale Fixed that I ride on a Saris trainer. I haven't ridden the Trek in a while but I ride the Masi 2X times a week. I bought the Masi used for $200 and it needed new tires. I think I paid a bit more for the trainer but I don't recall what it cost.
This is a pic of the model I have , but not mine -
http://www.businesskorea.co.kr/news/articleView.html?idxno=113407 front page news in korea
$NLST For those who doubt, or don't understand the scale here.. businesskorea.co.kr/news/ar...Netlist just took 70% of samsungs revenue for Q1 2023. And theres more to come with joint micron/samsung case.. Google case in Germany.. Google 912 case that goes back 14 years (yes, thats a lot of royalties and damages owed)
Then you have lenovo, dell etc.. and everyone google 'indemnified'.. although google should have to front that in the 912 case.
The evidence at samsungs trial proves google and micron have zero chance.
This is an unfathomably huge long term investment, and has flown under the radar.
Well, I only started investing recently, and I was very impressionable, being enamored with some penny stocks and a few meme stocks....I thought I could use investing as a way to earn extra income passively. Thought it would be cool to follow things like WSB and play it smart. I just don't want to be miserable the way I am now.
I soon learned that was a bad way to go, so I got into dividend investing and now the Boglehead approach. I sold off more or less most of my holdings, keeping some solid single stocks like BOA and KR, and now I focus on things like VTI and VXUS. .......though, I gotta admit, I still have my AMC shares. I just can't bring myself to sell them, though I don't buy them anymore. In a sense, what I put in was kind of a lot spread out over a long time, and I still kind of hope for it to go up....
Lol here come the “bAnKrUpTcY iS bUlLiSH” comments from those who shat on AMC and bought a towel company
Here you have the split history: https://www.stocksplithistory.com/?symbol=kr
- 06/29/1999 2 for 1
- 07/14/2015 2 for 1
So those shares are worth now 2 or 4 shares now depending on what exact moment of 1999 they were bought
They are really in profit. At least 5x or even more if there were splits.
They should go with the stock certificate to a broker or bank that accept those and can exchange the certificates for digital shares. Then they can sell the shares.
I'm not from the US so I'm not able to recommend a specific broker or bank that will accept the certificates but for sure there are several that do it.
call the card companies . tell them what you can pay. i was in 16000 of debt with much meat income . i told them i could pay like 60 a month for 72 months kr something like that they closed my cards. but i paid it off and now i have a card that i pay off monthly and my credit score is working it’s way back up. at 750. it did drop for a couple of years
oh tell someone you trust. shame is a silent killer
Listen Jack, I'd anyone is bumbling here, it's you. https://i.imgur.com/gXyKrVn.jpg
I like the buy what you use idea but im frugal so my only holdings would be $KO and $KR
Plz, Plz, Can you accept my invitation so that I can get free cash? https://temu.com/s/krOYQ7UFvB97LbJz
I've been accumulating $KR shares since the end of 2019. Really great company to hold long term
I can see KR open interest next week going to fly high and everyone here is going to Diamond Hands a $50k bag and brag to me
Pretty good actually. Picked up some KR puts and made 40k profit.
It's no surprise that Coca-Cola and Walmart are on this list, given their massive size and popularity. What is surprising is that KR isn't even in the top 10 most owned stocks on Robinhood. This just goes to show how smart and rich I am compared to everyone else.
We've been saying that for decades. Nope. But beautiful housing.
Tesla totally have 0 crash videos:
If COST has a 1% decline, I'd guess WMT, TGT, KR, and dollar stores will see much bigger declines. The inflation and hunger is going to hit the low income and renters much harder.
... this goes to 110%
That's like asking why you couldn't just make 10 louder on an amplifier, when instead you could make your amplifier go to 11!
... this goes to 110%
That's like asking why you couldn't just make 10 louder on an amplifier, when instead you could make your amplifier go to 11!
CORRECTION: Tesla posts record quarterly deliveries after price cuts, up 4% from Q4. An earlier tweet about Tesla's deliveries contained incorrect information. We are deleting that tweet reut.rs/3KrCpWk
no dividends? then i pick stocks that have been unfairly beaten on. KR, VW, GE, F. buy low, wait, sell high. be prepared for the stock to go lower, but hold until you dont want to.
#Ban Bet Lost
/u/FelixKhan3737 made a bet that KR would go to 55.0 within 1 week when it was 50.374 and it did not, so they were banned for a week.
Their record is now 0 wins and 1 losses
Just got a whole roasted chicken at Kroger for only $4.07
Calls on KR
ty once again for the plays hardy 🙏 still holding EQX and KR may have to reinvest capital if a jump doesn’t happen soon.
LVS , KO , KR
LOLLLL!! your cognitive bias continues to show.
Tyson the company that produces chicken products was hit by a bird flu outbreak?? Your tone deaf response continues to show that you are incapable of analyzing cause and effect. And yes Feel free to review the gross and net profits...
>Tyson Foods annual net income for 2022 was $3.238B, a 6.27% increase from 2021.
Tyson Foods annual net income for 2021 was $3.047B, a 47.84% increase from 2020.
I mean if you are so blind to see that Tyson profited HANDSOMELY, you're you're just down right ignorant.You can easily form narratives to make your lame ass arguments but the truth is that even Tyson profited a crap load.
Did you say Walmart's profits haven't been growing handsomely??? Here take a look: https://www.macrotrends.net/stocks/charts/WMT/walmart/gross-profit
Same story with Kroger: https://www.macrotrends.net/stocks/charts/KR/kroger/revenue
Here is Kroger's NET Income:
"Kroger annual net income for 2023 was $2.244B, a 35.59% increase from 2022."
I mean you can cherry pick data as much as you want... but the fact is these companies profited MASSIVELY. Either way, your cognitive bias continues to show as to try SO hard to justify your illogical narrative.
You want to discuss solely consumer retail? Here, I shall lead you to water…
Walmart? Gross, operating, and net margins all continuing their decade long trend downward.
Amazon? Profit margins began dropping at the end of 2021 and they just posted their first quarterly loss since 2015.
Target? Lowest profit margins since 2015 and dropping fast.
Kroger? Profit margins recovered from a significant drop in 2021, but still below long term trends.
Walgreens? Not looking good at all.
CVS? Net profit margins are well below their 10 year average.
Costco? The only one showing sustained growth in net profit. Staying on the same trend line for over a decade.
Now is where you deflect in some other way to relieve the cognitive dissonance you’re feeling. I’m sorry you’ve been mislead by the misinformation in the media, but cherry-picked nominal net income numbers don’t mean much. Corporations are not actually raking in record profits.
tread the treasury maturity like distributions, so going div-ex causes a drop. if you look at the trailing 12 months youll get a better picture of how it operates
That’s the thing… none of the big grocery giants are showing spikes in net profit margin either. This whole “record profits” narrative is based primarily on cherry-picked nominal net income numbers, ignoring inflation and actual profit margin.
Here are the big three:
Walmart: net margin is trending downward over the last 10 years, despite a COVID-related spike in 2020.
Kroger: their net margins have returned back towards the ~10 year trend line after dropping to 9 year lows in 2021. Of course, that provides the opportunity to say, “OMG, Kroger’s margins have doubled since Q3 2021!”
Albertsons: the Macrotrends numbers only go back a couple years for some reason. This source indicates that their annual margins have been all over the place, as low as -2.57% in 2017, up to 2.08% in 2019, down to 0.74% in 2020, and finally back up to 2.01% in 2022. This obviously allows for more cherry-picked sensationalist headlines depending on which years you pick.
I don’t see anything in the profit margins of those three corporations (making up ~70% of the grocery market) that indicates they are gouging and raking in the dough. That Vox article is extremely biased with misleading, poorly sourced claims. I’d even call it misinformation.
You mean the misinformation piece that cherry- picked data left and right, yet somehow failed to actually form a cogent argument? Yeah, I read that one.
They bring up Tyson Foods as a boogeyman, yet the only income data they provide compares Q1 2021 (when plants were shut down due to COVID outbreaks) to Q1 2022. An intellectually honest take would recognize that their last two quarters have shown net income declines of -60.3% and -71.81%, bringing their nominal net income down to below 2018 levels. That’s a decrease once adjusting for inflation. Their profit margins are the lowest they’ve been since 2016. Oh boy, they’re really fleecing the consumer.
They cite Walmart‘a profits as growing for the, “last several years,” with a link that doesn’t actually support their claim, before jumping straight to the billionaire family to elicit that oh-so-important emotional response. An honest look at the company would show that net income, along with gross, operating, and net margin are all trending down over the last 10 years.
Cargill is their other example, yet they operate almost exclusively in commodities. Commodities that offer almost zero opportunity for price or product differentiation on a global scale. Commodities that just happened to have been greatly impacted by the Ukraine war.
Finally, we’ll examine Kroger, the retail boogeyman. Despite gross and net margin spiking a bit in 2020 (hmm… I wonder why), they’ve been on a downward trend ever since. Their last 8 quarters of net income are below or comparable to 2016 levels, before adjusting for inflation.
Sure, I’ll reevaluate my cognitive biases… by looking at actual numbers. You’ve given yourself away by the, “…your kind…”, statement. You think you have me pegged and understand my biases from two sentences. I’ll say it again: get out of your Reddit echo chambers.
This is an interesting play. My bet is that KR is still 50 a share by end of 2030
Ban Bet Created: /u/FelixKhan3737 bet KR goes from 50.37 to 55.0 before 01-Apr-2023 01:52 AM EDT
Their record is 0 wins and 0 losses.
!banbet KR 55 7d
They are full of it today:
We have had a *lot* of posts about managing windfalls in the past week or so. Why don’t you review the Bogleheads guide to managing a windfall and see if you have any questions that aren’t already addressed?
For reference, here are some of the other posts to browse:
Something is going on with GOOG. Both TDA and Marketwatch keep flickering with it in the 80s
Live version allows you to hover over the nodes to see the names of the banks which are too small to have labels. Colour represents the year.
Online Editor (Inflation Adjusted)
>I know there's a term for it and I cannot remember what it was called
Typically referred to as a deferment kr extension, depending on the terminology of that particular lender
- bartender. maxed my ROTH IRA for the first time in my life last year and intend to again this year. i have 1/2 in SWPPX, 1/4 SCHD, and probably 1/4 in APPL, JNJ, ABBV, O, KO, and KR. I’m down for the year overall but not by much. Am I…doing this right?
Debt free and these are retirement funds. No 401k (restaurant industry). I also have a HYSA i deposit into equally as my ROTH IRA each week and 2 rollover traditional IRA’s but only around 8k in target date funds and VOO.
What am I defending exactly? Quote me.
If you actually read the thread, you'd take note of the OP which is how this whole conversation started.
KR is pretty good value play with low PE and earnings durability in case of recession.
I bought KR at abt 2:15 and it skyrocketed out of nowhere I couldn’t believe it… I left them open… 3/24 48.5’s
>BINANCE TO HALT STERLING TRANSFERS FOR ALL USERS FROM MAY 22 -SPOKESPERSON twitter.com/DeItaone/statu…
^*Walter ^Bloomberg ^@DeItaone ^at ^2023-03-14 ^06:42:27 ^EDT-0400
>Canadian bond and Index update >@MtlExchange https://t.co/Q0xKR5MPOK
^First ^Squawk ^@FirstSquawk ^at ^2023-03-13 ^13:24:29 ^EDT-0400
Remember that Slappy dummy from Goosebumps I bought last year for $2,000?
I just keep him like this at the edge of my bed cause I have nowhere to put him. https://imgur.com/a/krMjipQ
Stay at home parents picking up a job instead of staying at home to afford eggs, we will see consumer spending on inelastic good drop dramatically by next quarters earnings expected growth will fall calls on $Cost, $KR, and $WMT
Tickers of Interest - TL;DR
Gamma Max Cross
- KR 04/21 47P for $1.05 or less
- BITF 04/21 1P for $0.25 or less
- LIN 04/21 345P for $8.45 or less
- GSL 04/21 17.5P for $0.90 or less
- TNP 04/21 20P for $0.40 or less
Delta Neutral Cross
- EFA 04/21 70C for $1.55 or less
- T 04/21 19C for $0.20 or less
- GM 04/21 38C for $1.80 or less
- NCLH 04/21 15C for $0.70 or less
- SBUX 04/21 105C for $1.65 or less
Trading Thesis - Why These Crayons Taste Better
Technical analysis and indicator based trading tend to use past price performance in order to predict important price levels today.
This analysis is based on the current option open interest. With that option open interest, it calculates portfolio-level greeks--notably Delta and Gamma. More importantly, once the portfolio level greeks are established, I can now simulate the change in greeks at different price points. From there, I can find the price levels where portfolio-level gamma is the highest, and the portfolio-level delta is close to 0.
For some tickers, the underlying price reacts strongly off of delta neutral, gamma max, and sometimes both.
It's the reaction off of these price levels in the past that is being used to drive trading signals.
The plays and target entry prices given are calculated using a binomial option pricing model that reflect the expected size and duration of the reaction from gamma max or delta neutral. A lot of these plays are profitable by underlying moves in stock. The best plays benefit from the directional move as well as the increase in IV.
Notes - Something to give you a new wrinkle
- If the price has moved past the entry price, exercise caution. Something changed between the time these plays were generated and market open.
- Look to sell half your position on a double, and freeroll the rest to exit at your discretion.
- I tend to risk up to 1% of my total capital on any trades I take. If my conviction is lower, I'll only allocate 0.5% or even 0.25% of my capital to the trade, and dollar cost average in.
- The trades were calculated before market open, and so are based on information up to yesterday. Keep that in mind when deciding to enter well after the fact. New price movement may invalidate the original thesis.
FAQ - Because others have already asked.
- These plays are mostly puts. Are you a gay bear?
- No. It so happens that the companies have had some recent run-up which implies they are overextended. These trades are primarily some form of mean-reversion either toward or away from an important price level.
- Are you entering all these plays?
- No. There have been a dearth of plays in the WSB morning talks, and so I opened up my bag of tools slightly wider to point out more plays with a probable edge to help lead apes to more gain porn. Go through this curated list of plays, pick the ones you like based on whatever additional analysis you use, and get that gain porn.
- You mentioned a new play on the same ticker in the past. What does that mean?
- The new play should replace the old play. The old play is likely now invalid and if you haven't entered in, don't chase the price. Remember that a new day's worth of data has been produced and the newer play reflects that data, the older play does not.
- Where are the crayons? I only see words.
- Click the links above.
- Have you back-tested this?
- Yes. Results show a moderate Sharpe Ratio (1.76), with an expected win rate of 63% of trades (7% margin of error)
- What is the historical performance?
- The realized Sharpe Ratio is 1.88 with a 66% win rate. Based on the trade performance so far, there is a 95% chance the expected win rate will be between 62% and 77%. (Stats as of 2023-02-28)
Sounds similar to my KR… to chance with them them back on 2/28 before earnings and they crushing it… got more today, and those were down a little bit, but not nearly as much as the other ones are up…
Right here but mainly bought shit ton more of KR, asan and docu, got them yesterday too but loaded up more bc earnings on asan and docu today and kr 3/10’s been killing it since their earnings that I bought on 2/28… docu screwed me but others are doing aight
I personally hold 40% SCHD and 40% VTI. I also own 20% in AMZN, GOOG, TSLA, UBER, MDT and KR.
Perhaps Bogleheads don’t agree with my portfolio and I do understand it’s a philosophy that may not be followed in this subreddit. But I’m fine with that.
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50 bps incoming. If you’re in calls with spy, enjoy the stampede…..over a cliff https://media.tenor.com/j45nkKr7F3wAAAAM/shishiro-botan-throws.gif
Took chance with Asan and docu we’ll see, got KR 3/10 44c back on 2/28 that crushing and of course my ever loving Achilles gottamm heel, fucking google… damnit all…
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Yea I had them on my watch list earlier but never jumped in I also have a cash account so I have to wait for money to clear and I don’t usually keep any in buying power much cause of lessons from last year lol and KR looks juicy as well lol
Lately for sure… I got into DKNG weeklies though back before earnings and they have been killing it haha and I lucked up and got some 4/6 kr calls back before earnings and still holding those bc killing… only reason I did that was because I noticed Buffett dumping a lot of his other stocks, except he didn’t dump that before earnings… so I took a plane from his playbook on that one lol
Seems like there’s a lot less expensive options
It's a Danish blue chip stock. It is ingrained in our health sector. I think it has a price tag of 1200kr (180 US dollars). I am pretty confident it will continue rising. Obesity is going no where. They are one of the front runners of diabetes and weight loss medication (which are actually the same).
#Ban Bet Lost
/u/Wumbo2dumbo made a bet that KR would go to 40.0 within 1 day when it was 43.045 and it did not, so they were banned for a week.
Their record is now 0 wins and 2 losses
UFPT looks really expensive though, and has been since ~2019: https://jmp.sh/DDLDhfW3
CACI: over the last 20 years, there have not been many occacions to buy the stock dirt cheap, it has been OKish priced since 2004: https://jmp.sh/roKrC2Gv
KR, people have to eat.
If KR reports good tomorrow, it'll relieve some of the sting.
At the establishment in which the employee works. Groceries for example. https://www.macrotrends.net/stocks/charts/KR/kroger/gross-profit#:~:text=Kroger%20gross%20profit%20for%20the%20twelve%20months%20ending%20October%2031,a%2014.48%25%20increase%20from%202020.
Anyone playing KR earnings?
SPY with the fuck-you, middle finger fake out
Something about those numbers don’t add up. 65% of the population owns their home. ( not 70%). 75% of homeowners are white. Whites are 60% of the population https://usafacts.org/data/topics/people-society/population-and-demographics/our-changing-population?utm_source=google&utm_medium=cpc&utm_campaign=ND-DemPop&gclid=CjwKCAiAxvGfBhB-EiwAMPakqoQ1krFTSHLKBBYWsVuW2mET53em2dp62Yz_Z0CIvVHCKP4Lt5A6-xoCML8QAvD_BwE. So I guess all other ethnicities account for 20% of homeownership. Sounds low to me. Statistics are so damn malleable. I’d like to know if they’re including landlords in the homeowner category that could skew the numbers, especially with the current investment buy up that’s been going on.
Some implied moves for earnings next week - 569 companies reporting:
Some implied moves for earnings next week - 560 companies reporting:
that 'irrelevance of dividends' video by Ben Felix is misleading in the extreme. and I doubt anyone actually watches him smugly blathering at the camera about abstruse math for 40 minutes. viewers get bored after 5 minutes and assume a smug bald Canadian must know what he's talking about.
he discusses 3 academic papers that propose the 'dividend irrelevance theory', which is the idea that investors should not care if their gains come from dividends or from capital appreciation.
the trouble is (a) dividend irrelevance theory is 100% hypothetical; (b) the data is just overwhelming that dividend paying stocks offer superior long-term performance. it's simply beyond debate. Felix's portfolio is entirely Dimensional Fund Advisors ETFs, and DFA does not have a dividend-oriented strategy, so IMO he's probably trying to justify his portfolio strategy with that video. when clients ask 'why don't you have dividend funds?' he'll point them to that video and hope he can bore them into submission.
in reality, two studies show the higher dividend stocks in the S&P 500 have outperformed the broad S&P 500. one study by professor Jeremy Siegel of Wharton https://www.wisdomtree.eu/en-gb/-/media/eu-media-files/users/documents/1364/dividends-of-dividend-wte-final.pdf another by a team at Credit Suisse https://www.themoneysnowball.com/wp-content/uploads/2017/04/cash-is-king.pdf
a recent master's thesis shows the higher dividend Dow Jones Industrials stocks outperformed the Dow. https://scholarworks.unr.edu/bitstream/handle/11714/2408/Cai_unr_0139M_11688.pdf?sequence=1
the CRSP database at the U. of Chicago shows that dividend stocks performed better than the overall US market in the majority of 20 year periods between the 1920s and 2000s, and with lower volatility. https://www.heartlandadvisors.com/media/Insights/White-Papers/Dividends-A-Review-of-Historical-Returns.pdf
Dividend stocks outperform in the UK market https://d1wqtxts1xzle7.cloudfront.net/46098440/0378-4266_2889_2990037-x20160531-15781-khqako-libre.pdf?1464705603=&response-content-disposition=inline%3B+filename%3DStock_market_anomalies.pdf&Expires=1672183164&Signature=MB5RsW5qPoWBZXyutip0Uzcqx~0GCStJyY~kE~JtBdaUBqldq8uxjf9tD31yaMruCzAaIb3rJPQKmGvZKaRPp55Cy91ZvOzxM7KrRCbdqs7PzIaga31E0x9Ho7j8uhLMwrJktj19QZdf6zmxNVO7s9rYH06vFKDbFdeFqyKtw0bM~YY8IT7dMjdS4G550xVcPE97HAkajuTLBQjbftLhAFUIz~mU0089-OJ5RhuUqtxNf7wUXnhWuPNaIqM-otmM4EtCRy8iZD83xx11nIvrlqRc3QeWDDx2bbr1JEYVFh9aS6h8oWmm-Reofw2cGjajHR8N9BNSJF0ujMOW6DFVvQ__&Key-Pair-Id=APKAJLOHF5GGSLRBV4ZA
another study shows investing internationally by dividend yield will give you superior results over time: https://www.kamny.com/wp-content/uploads/2021/12/The-Importance-of-Dividend-Yields-in-Country-Selection.pdf
other data summarized here: https://tweedy.com/resources/library_docs/papers/HighDivStudyFUND2014Web.pdf
AVERAGE EARNINGS MOVE | LAST MOVE | IMPLIED MOVE FROM ATM OPTIONS PRICING
$OXY | Occidental Petroleum Corporation: 5.4% | 9.29% | 6.05%
$ZM | Zoom Video Communications Inc: 15.91% | 9.87% | 13.29%
$PGR | Progressive Corporation: 3.22% | 2.48% | 4.67%
$HEI | HEICO Corp: 5.32% | 4.12% | 5.47%
$TGT | Target Corp: 6.84% | 12.17% | 8.68%
$WDAY | Workday Inc: 7.63% | 18.15% | 7.78%
$OKE | ONEOK Inc: 4.02% | 2.56% | 5.03%
$HPQ | HP Inc: 6.94% | 5.34% | 6.13%
$SRE | Sempra Energy: 3.26% | 0.64% | 5.09%
$CPNG | Coupang Inc: 15.84% | 26.05% | 12.8%
$RKT | Rocket Companies Inc: 8.15% | 4.55% | 10.55%
$MNST | Monster Beverage Corporation: 6.62% | 9.36% | 6.91%
$AZO | AutoZone Inc: 4.9% | 0.89% | 5.82%
$BNS | Bank Nova Scotia Halifax: 3.27% | 3.04% | 5.7%
$A | Agilent Technologies: 4.14% | 6.99% | 6.57%
$AMC | AMC Entertainment Holdings Inc: 10.5% | 10.14% | 20.39%
$VRSK | Verisk Analytics Inc: 4.78% | 7.57% | 5.18%
$BMO | Bank of Montreal: 2.88% | 2.73% | 4.83%
$OKTA | Okta Inc: 12.37% | 25.89% | 13.14%
$CRM | Salesforce Com Inc: 6.33% | 11.34% | 7.32%
$SNOW | Snowflake Inc: 8.55% | 8.41% | 10.89%
$VEEV | Veeva Systems Inc: 9.51% | 15.87% | 10.09%
$LOW | Lowes Companies Inc: 4.97% | 7.25% | 5.55%
$DLTR | Dollar Tree Inc: 8.74% | 7.69% | 8.06%
$RY | Royal Bank of Canada: 2.34% | 1.85% | 3.88%
$NIO | : 16.81% | 18.49% | 11.64%
$KR | Kroger Co: 7.11% | 8.47% | 5.56%
$BBY | Best Buy Company: 9.27% | 15.28% | 8.04%
$TD | Toronto Dominion Bank: 2.85% | 2.21% | 4.15%
$BURL | Burlington Stores Inc: 10.83% | 19.48% | 8.7%
$AVGO | Broadcom Inc: 6.05% | 1.61% | 4.83%
$HRL | Hormel Foods Corporation: 5.25% | 4.57% | 3.69%
$HPE | Hewlett Packard Enterprise Company: 6.57% | 9.13% | 6.61%
$CNQ | Canadian Natural Resources Ltd: 4.64% | 2.48% | 7.17%
$DELL | Dell Technologies Inc: 7.34% | 10.18% | 7.28%
$VMW | Vmware Inc: 6.35% | 1.16% | 4.22%
$ZS | Zscaler Inc: 16.56% | 22.15% | 12.25%
$MRVL | Marvell Technology Group Ltd: 6.42% | 9.49% | 8.75%
$COST | Costco Wholesale Corporation: 3.44% | 3.5% | 3.74%
Depaywalled link to the article that u/bingbangbio mentioned: https://www.nytimes.com/2023/01/20/opinion/fleishman-meritocracy.html?unlocked_article_code=9RxD3H9tSdeKKrIOAJOwh4TKwxy30sAk15HPD7z_mTnx0yTxXVW0zxYgxh7iVM7rbyv83UNnksPEaQVl42WC2nL92XiP_oRfhIO4Rt2fTmSFAUEbk9CdeEZcSY_pEq4f7paRBKCKQ5CH_pHjIuijXBSKD6eRtcSARJKury_gkkLalEx_HC6Y0bFfeqdpOfKr_8qPQ6IvWMu__P_TErFS08ziJ3T11bOcLBCzad881tXeLzVms-bkonW95QNXsBDs5SxUFNN-riahtjf_EwHd2phl006fQb3O65fDI9O543As1Rb0pR1n2r9VKDrBkrd-AjjfeCutGUAb6vw3BtFJ&smid=url-share
Seeking a general wealth strategy advice and a commentary/advice on my current investment strategy.
*How old are you? What country do you live in?
I'm 42, Canadian tax resident, living in CR
*Are you employed/making income? How much?
Unemployed. Making ~$300/mo net w/ a car rental business. Cost of living ~$2k/mo.
*What are your objectives with this money? (Buy a house? Retirement savings?)
Long term growth. Monthly dividend income for FI living.
* What is your time horizon? Do you need this money next month? Next 20yrs?
Need divs now, at least $2k/mo for living expenses. When I have $10k/mo net, I can say i'm "rich". Don't need the capital atm.
* What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?)
Medium - high risk tolerance.
* What are you current holdings? (Do you already have exposure to specific funds and sectors? Any other assets?)
> House (minus the mortgage) ~$900k that I'm planning to sell (and invest money in... ?)
> Growth portfolio 30%, $80k, on margin, brings $.3k/mo in divs w/ ROI 1.3%. Stored in non-registered account. Paying 15% withholding tax on US divs (how to avoid/reduce?). Want equal weighting for all (currently not equal, I will rebalance)
>Dividends portfolio 70%, $220k, on margin, brings $6.2k/mo divs w/ avg ROI 13%. Non-registered accn't, paying 15% withholding tax on US divs (how to avoid/reduce?), not sure about CAD divs. Weights distributed (proportionally) more heavily towards higher-divds stocks. (comment on this, i know it's more risky... but i like the 20-30% div return on stuff like (SBLK, LUMN, GOGL (whoops, just dropped to 8% - here goes my strategy). Maybe thinking to rebalance giving equal weight to each, but that'll (drastically) reduce my ROI and monthly income.
>Portfolio costs are $3k/mo in fees and margin interest as well interest on a credit line (7%).
Any big debts (include interest rate) or expenses?
> $2k/mo living exp. $.5k/mo CL expense (~7%), $2.5k/mo portfolio costs (margin loan + trading fees).
*And any other relevant financial information will be useful to give you a proper answer.
> single, no dependents, have 5 rental cars worth about $40k making about 2% ROI/yr, b/c always broken, arguable if even worth the hassle. Have property in Canada that was rented but now preparing to sell. No prop in CR yet, but once I sell in Canada, want to buy in CR (budget $400k). If this was a YOLO me, i'd sell in Canada, put $ into... ?... DON'T buy in CR, and go travel to India for a year, and then life will show. :) But that seems irresponsible and maybe risky to be left w/o a property. I'm not 18, after all.
> From www.tawcan.com, decided to open a Canadian RRSP and TFSA (total contribution limit CAD$80k atm). RRSP is said better for US divd stocks (some treaty w/ Canada that avoids/reduces taxes). But I don't think i can put all $200k there. So would have to split the portfolio into 2 - complication management. Will put part of the Divs portfolio into new TFSA to reduce the Canadian divs taxes. So, after some magic I will have 4 portfolios: Growth - unreg, Divs - unreg, Divs - TFSA, Divs - RRSP. Starting to get complicated, but seems like best approach. Comment.
> Sell the house, get conservatively $.8M in equity. Pay off some loans, reduce margin loan to a lower/safer limit, purchase more into my current positions 70/30 divs/growth, and achieve $10k/mo in net dividends. Done and done. FIRE. go home. make babies. raise goats. umm.. easy? or am i missing smth?
Let's see what the "adults" are recommending. And TIA. Recently found these forums and plentitude of wisdom. Much appreciated.
Yeah, submitted my application 2/9 and got the “validate ownership of funding account… this will take two days.” Submitted immediately.
Finally got approval yesterday 2/21 and the account opened.
Login and everything says 5.03% APY. Even the email I received saying fixed 5.03%:
Think, “sweet, I still got the rate” even though I knew it had dropped down.
Just now checked and yeah now my account says 4.35% like everyone else.
Man, the price increases at Kroger (KR) are getting absurd. I hope their business goes down the shitter long term. It’s to the point where prices at Kroger are almost the same and in some cases more expensive then other smaller grocers in my area like Fresh Thyme. It used to be that everything at Kroger was cheaper, aside from a one of deal, but the convenience factor of fresh thyme for a small trip was well worth it.
Granted the Kroger near me is still bonkers all day every day because people are morons.
It depends on what happens to global interest rates (i.e. US rates particularly), and it depends if we get the usual boom-bust cycle in oil.
But supposing Norway's house prices were to fall in line with Denmarks for example that would result in a drop of about 30% real terms (i.e. nominal house price vs nominal GDP/capita).
5-10 years of stagnation is also possible, it really depends on whether interest rates get high enough to cause forced sales.
I don't know how familiar you are with Norwegian history but here's a paper covering the last 200 years ish of house prices in Norway. See page 20 and look at the areas after shaded areas, e.g. real price after periods of unusually high nominal house price growth. You can see real terms price crashes throughout Norway's history sometimes lasting up to 25 years at a time.
I know a couple of Norwegians who bought small apartments in Akershus for 1kr (!) during the 70s because the obligation/cost of the apartment service fees were more costly than the value of the accommodation to people in an economic downturn.
I should have bought sofi when it was in the 4 dollar range and not listened to u pieces of shits saying “iTS gOiNg bAnKrUpT” its going to be profitable in the next two quarters.
That said, let me make some suggestions: MRK; ADM; AVGO; CVS; AMGN; PEP; KR; CAT; O; PLD; PSA; RIO; TD...
HD, SQ, NKE, AAPL, GOOG, KR
not financial advice
Damn, the only guy in this entire thread with some sense to them, and they get downvoted. Of course WSB. Why would it be any other way?
Deficit and Inflation comparison is a negative correlation between, to everyone in this thread. unsub to your Ron Paul newsletters immediately:
Even Milton admitted in 2003 he focused too much on money supply after decades of evidence contradicted his statements from the last 40 years.
No doubt SCHD is well positioned to provide investors with both income growth and capital appreciation potential over the long haul. It will be wise to add GS SBUX KR to one pf as they're undervalued with the growth potential. Magic Yearn as well since users can earn both in the short and long term from its emission staking, arbitraging, and, NFTs creating and burn.