Talking stocks, trading, and investing in general

[Texasmade]

Wow, idiots. You don't sell CC on a huge down day. That's when you sell CSP's.

 

[Piobaire]

Indeed. Speaking of which just sold some on my NCLH. I'll admit owning this has not gone as planned as Delta variant is not doing wonders for travel type stocks and the premiums are not all that. Still, I'll hold these bags indefinitely as I'm confident there's a pop in there somewhere in the next 12-24 months.

 

[jbarwick]

How did we miss the Bowlero SPAC? Somehow roughly 300 bowling alleys generate $850M and is going to be valued at $2-3B.

First, how is the average bowling alley bringing in $2.8M? I tried to find one near some places I have been and can't believe these numbers. There must be some city in American where one of these alley's are just raking in the cash.

 

[Texasmade]

Probably just money laundering fronts.

 

[Piobaire]

Bowling alleys are always a fairly depressing place.

 

[Texasmade]

So is the Hooters Casino in Las Vegas.

 

[venividivicibj]

Speaking of this, local Ralphs had bacon on sale for $1/lb. Took like 10lbs home. (don't have a chest freezer or would have done more)

 

[Omega Male]

Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth

The wealthy are borrowing more than ever, using low-interest loans backed by their investments in a strategy known as “buy, borrow, die.”

www.wsj.com

 

[double00]

hm. so which stage are you ?

 

[Piobaire]

That strategy has been in use for some time. I have to admit I think many people are like Charlie Brown having the football snatched by Lucy. No matter what legislation is enacted people are going to figure out a workaround. Even people with only a little more money than Joe Sixpack figure out workarounds. Back when I was still a CEO that had a charitable foundation under me the new Trump/Repub taxes immediately created the two year giving cycle of 0%/200%. People would give nothing year one, and double year two, so they could get over the basic exemption cap and get some itemization through donations in a two year cycle.

 

[usctrojans31]

That strategy has been in use for some time. I have to admit I think many people are like Charlie Brown having the football snatched by Lucy. No matter what legislation is enacted people are going to figure out a workaround. Even people with only a little more money than Joe Sixpack figure out workarounds. Back when I was still a CEO that had a charitable foundation under me the new Trump/Repub taxes immediately created the two year giving cycle of 0%/200%. People would give nothing year one, and double year two, so they could get over the basic exemption cap and get some itemization through donations in a two year cycle.

A friend once summed it up brilliantly, "the smartest person in the room is never going to work for the government."

 

[otc]

Ok, I did it...I invested on margin.

M1's 2% rates are too good to pass up...although I only borrowed about 15% of the portfolio I have with them.

 

[Piobaire]

Crazy week. When I sell a CC I automatically put in a BTC order of .01 or .05 (depending on the way they're priced you have to go in .05 increments.) Monday a bunch of 8/20 calls closed out. Today I'm reselling 8/20 CCs on a bunch of things. Double dipping the tendies!

 

[Piobaire]

Port at new ATH. Life is good.

 

[concealed]

How did we miss the Bowlero SPAC? Somehow roughly 300 bowling alleys generate $850M and is going to be valued at $2-3B.

First, how is the average bowling alley bringing in $2.8M? I tried to find one near some places I have been and can't believe these numbers. There must be some city in American where one of these alley's are just raking in the cash.

I heard the phrase topgolf of bowling be used in reference to Bowlero