Talking stocks, trading, and investing in general

[jbarwick]

I am ok with some discount shopping.

 

[Piobaire]

I don't have a lot of cash to deploy at the moment, only my untouchable cash reserves and my tendies bankroll. Mrs. Piob has a nice five figure disbursement from her former employer's EOSP before EOY though, and of course, the remainder of 2021's payroll deductions.

 

[Texasmade]

I don't have a lot of cash to deploy at the moment, only my untouchable cash reserves and my tendies bankroll. Mrs. Piob has a nice five figure disbursement from her former employer's EOSP before EOY though, and of course, the remainder of 2021's payroll deductions.

She's going to let you play with her tendies?

 

[Piobaire]

That will roll into her rollover IRA and Imma think it's headed into LTC. My hope is that's enough seeding of that ticker so we have about 100k of it in eight years. I'm seeding PDI this year in my accounts with the same goal. The plan is to seed two dividend tickers each year, for the next eight years, with enough that projections indicate about 100k in each for 2030.

 

[jbarwick]

My new gig gave me a sign on of 100% current bonus + my LTI payout + a little extra. I get that in October and will likely save 75% of it then spend some the rest.

Paying for the landscaping guys to maintain the flower beds from here on out which I did myself this year. Didn't realize how much ongoing maintenance there was after the initial work. Should have paid up this year.

 

[jack webb]

Does this trigger the 20% drop?

Fears about China's Evergrande spread to global markets | CNN Business

Global investors have been paying more and more attention to Evergrande, the sprawling Chinese real estate business on the brink. They're increasingly worried about what they see.

www.cnn.com

Today's WSJ says fears re Evergrande stem from a growing belief among investors that the CCP will let if fail.

And maybe they will.

Or maybe they will blink.

 

[Texasmade]

Today's WSJ says fears re Evergrande stem from a growing belief among investors that the CCP will let if fail.

And maybe they will.

Or maybe they will blink.

I was just talking to my friend about this. I think the CCP will make all of the Chinese workers whole along with any Chinese apartment buyer. Chinese bank debt/loan holders will be made whole through back door loans while any investor will be wiped out.

 

[dhoff10]

IMO this is the most compelling take on Evergrande.

The main take away is that the view of bailout or Lehman moment is the wrong lens. The CCP is unlikely to just forgive or resolve the situation as they induced it in the first place, and they also won't allow it to be a catastrophic liquidity freeze. Instead it may be the worst case scenario, which is a long grind as the huge amount of assets are gradually transferred to new owners. This would result in a continuing slowdown in Chinese property development, which unfortunately is a large part of global GDP.

 

[imatlas]

PDI = Pimco Dividend Income?

 

[Texasmade]

Pimco dynamic income fund. It's a closed ended ETF that pays a monthly dividend. The current yield is about 10% annual.

 

[jack webb]

IMO this is the most compelling take on Evergrande.

The main take away is that the view of bailout or Lehman moment is the wrong lens. The CCP is unlikely to just forgive or resolve the situation as they induced it in the first place, and they also won't allow it to be a catastrophic liquidity freeze. Instead it may be the worst case scenario, which is a long grind as the huge amount of assets are gradually transferred to new owners. This would result in a continuing slowdown in Chinese property development, which unfortunately is a large part of global GDP.

An interesting & plausible take, except it seems counter to the CCP's implicit (albeit coerced) deal with the citizenry: leave political power in our hands and we'll deliver steadily rising living standards. At the moment I'm more partial to @Texasmade's comment above. I think they'll look for a resolution that, to the greatest extent possible, harms the average guy/gal the least while imposing the greatest costs on investors and (preferably) foreigners.

 

[Piobaire]

The two scenarios are not entirely mutually exclusive.

 

[PhilKenSebben]

My new gig gave me a sign on of 100% current bonus + my LTI payout + a little extra. I get that in October and will likely save 75% of it then spend some the rest.

Paying for the landscaping guys to maintain the flower beds from here on out which I did myself this year. Didn't realize how much ongoing maintenance there was after the initial work. Should have paid up this year.

I am no longer giving you discounts in my bids in the house thread



Hell of a new gig man, congrats!

 

[Texasmade]

An interesting & plausible take, except it seems counter to the CCP's implicit (albeit coerced) deal with the citizenry: leave political power in our hands and we'll deliver steadily rising living standards. At the moment I'm more partial to @Texasmade's comment above. I think they'll look for a resolution that, to the greatest extent possible, harms the average guy/gal the least while imposing the greatest costs on investors and (preferably) foreigners.

Any sovereign wealth fund is going to be fucked.

Also the owners/executive team of Evergrande will probably be executed by firing squad. None of this Russian style defenestration. China doesn't **** around.

 

[brokencycle]

Any sovereign wealth fund is going to be fucked.

Also the owners/executive team of Evergrande will probably be executed by firing squad. None of this Russian style defenestration. China doesn't **** around.

Do you think they still charge the families for the bullet? Or have they gone soft?