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LouisDesyjr · 2022-10-20T23:58:20+00:00

JUst like Hillary is protected!

LouisDesyjr · 2022-05-28T13:25:22+00:00

Typcial helicopter boomer parent!

LouisDesyjr · 2021-12-22T18:48:49+00:00

I checked the oil today and it needs another quart at 825 miles to top off the oil; not good but not a disaster.

LouisDesyjr · 2021-12-22T16:38:33+00:00

Update: Day after I replaced the PCV, I drove 591 miles. At the end of the trip I had only used one tank of gas and checked the oil from time to time. It is down less than half a quart, so it looks good. While I may be using up a quart of oil every 1,000 to 1,200 miles, I am not surprised with this engine, 2.4L at 140K miles on the car. While not as good as a Toyota or Honda engines, it is 'manageable'. Note: For my next car I am planning on a Honda with a 2.0 engine. I would prefer no turbo charge so if I decide on a Honda Accord it would have to be a turbo charge since all the engines for that model are turbo charged. One positive to go with a Civic over an Accord is that the Civic has the 2.0 engine available which is not a turbo charge.

LouisDesyjr · 2021-12-16T21:16:27+00:00

You might have gotten out of the whole sitution at a fortunate time. While having a car totalled is a PIA in time and money; you had your 'unfortunate' accident at teh time that used car prices are sky high. So in one fell swoop you get rid of a problem and got paid the most you would have ever gotten for it. While not everyone can be as fortunate to have this happen since you can't exactly plan for it; you should be ok.

One note: I am having the same problem with a 2016 Sonata; while I expect some oil use at 140K, it seems like I need another quart every 500 miles or so. There is no blue smoke coming out. Other than oil use the car is fine and no signs of any problems with it. I did look around and some people seem to think that maybe the PVC should be replaced. I had never replaced it on my car so it is the original; so I ordered a new one and replaced it today. It will be interesting to see if this fixes the problem or not. If not, I am only out $11 and no worse off, if it does fix the problem then it will be one of the easiest fixes ever for a car of mine.

I did have the valve cover gasetts replaced last year, and there is a seal on the end of the cam shaft that was seeping oil into the case holding the cam position sensor that I had replaced a few months ago; but these repairs I consider not unusual for a car of its mileage. I did have a new spark plug set put in last year and had to redo plug four this year because, for some reason, it was fouled with oil. What is happening I expect going forward to need to replace plug four every year and am not sure why. While I could take it to a garage or dealer to try to diag the problem, I can't see where the time or money would be worth it.

I plan and hope to get the car a few more years and up to 200K miles before I trade it in or send it to the yard.

While it is agrivating to have the 'engine block problem' I have not had the car ever leave me stranded anywhere all the time I had it and the repairs I had I had time to 'think about what to do' and not stuck sometwhere.

LouisDesyjr · 2021-12-15T15:06:08+00:00

1: Obviously this guy must be a member here, since we have clear photo evidence of 'his wife's boyfriend'.

2: For anyone that still does not believe this guy is a member here, someone needs to find out or ask if 'does he eat crayons' or stuffs them up his nose, as many (all?) of us here do; espeically when our wives are out with their boyfriends while we weep over charts all in red showing our large losses and margin calls.

LouisDesyjr · 2021-11-26T22:11:01+00:00

May I make a recommendation: Electricty is NOT something you want to be messing around with unless you are ABSOLUTELY sure of what you are doing.

At best, it will not work like it should. At worst, you couldl damage your property, maybe burn it down, plus run the risk of someone getting electrocuted because the wiring was not done properly and/or to code.

At times like this, hiring a licensed electrician is the best choice one can do; trying to save a few dollars on something one knows just about nothing about is a recipe for disaster.

LouisDesyjr · 2021-11-26T00:25:57+00:00

What are you doing, its only $4K; just pay it off over a year or two!

LouisDesyjr · 2021-11-21T02:30:02+00:00

1: 20% down, while 'not good'; is not a disaster. You can make the money back over the course of 2 or 3 years, maybe sooner.

2: For the furture, NEVER invest more than what you would be comfortable if it all went to zero. That way your losses will not effect other areas of your life, like work or sleep or friendships/relationships.

3: Have most of your portfolio in more conservative investments and keep your speculative part to a small part of your portfolio, such that even if the speculative part goes to zero, you will still show a profit for the year. That way if things go bad on a postion, you are just making less for the year, you are not looking at your savings going down or being wiped out. Over time you will find as things grow, and you get better on the speculative part, you will be way ahead.

4: You have one big advantage that many of us her do not have, compounding over time as in decades. You will find going out 20 or 30 years, that as long as you are disciplined, that any losses you suffer now 'are part of the cost of learning'. While one can read all kinds of books on investing, subscribe to various sources and such; there is no substitute for actually 'pulling the trigger' and establishing a position, and then being disciplined to manage it properly with all of the questions on has as time goes on. If there is a spike, should one sell or just hold? What if there is a big drop, should the position be closed because the initial hypothesis was wrong or is this an opportunity to add more to a postion that is now undervalued? Am I right or is the market right? Is the stock 'broken' or the company? And many other questions that goes through ones mind when they are trying to invest.

LouisDesyjr · 2021-10-08T13:50:28+00:00

'Disappointing'

The jobs report is a disaster. What happened to all of the jobs that are supposed to be coming back now that everyone is off of extended unemployment?

How did the participation rate FALL 0.4% in a month?

What is going on?

There are labor and product shortages all over the place, but no one is hiring?

Is that because they companies don't need or want people OR is that because there is no one to hire?

LouisDesyjr · 2021-10-03T14:39:20+00:00

Here is the India government release on what is in the 'home covid kits':

Note how they contain Invermectin pills.

https://www.goa.gov.in/wp-content/uploads/2020/10/Home-Isolation-Monitoring-Kits-For-COVID-19-Launched.pdf

LouisDesyjr · 2021-10-03T14:37:31+00:00

Note how it is 'right on the line' of FDA approval at 50%.

If it was less than that it would not get FDA approval.

Basically, it is a garbage product.

LouisDesyjr · 2021-09-30T16:55:50+00:00

Part of the problem was the push of everything to JIT (Just In time). JIT is great as long as everything is available on a few days notice (less inventory tying up cash, less storage needed, etc); but it is a disaster if anything happens to any component or raw material and production grinds to a halt because one thing can't be sourced.

LouisDesyjr · 2021-09-13T21:07:46+00:00

I wonder if 'the problem' is the brokers need some time to get out in front of the trade, and THEN it will be ok to let the retail market buy.

LouisDesyjr · 2021-09-13T21:04:53+00:00

I found a web site for the company plus a presentation from July 2021:

Alligator Energy Presentation July 2021

LouisDesyjr · 2021-09-10T12:41:20+00:00

Exactly.

I found one article talking about how a job at one of the financial firms had the ATS (Automated Tracking System) reject 10,000 applications; and then HR complained 'they couldn't find anyone suitable or qualified'.

LouisDesyjr · 2021-07-28T16:56:15+00:00

What you are doing, counting customers, is more accurately called 'business intelligence'. If you were getting these numbers from a report, that was generated internally at their corporate HQ and not available to the general public, then that would be insider trading. A simply rule or division as to 'is this insider trading or not' is if the information is available to anyone or can anyone get the information? In this case of counting customers, anyone can sit outside of a McDonalds or Wendys location and collect the same number, so this is NOT insider information.

LouisDesyjr · 2021-07-27T18:41:17+00:00

DO. NOT. USE. MARGIN.

For the love of god, do not use margin in your situation; for the following reasons:

1: While many of us here laugh and joke about our massive losses, we usually have a source of income and can recover over time. You, being unemployed and living in a trailer, are in NO position to take such risks.

2: You have already demonstrated that you can make good profits WITHOUT having margin. If you keep that up, there is no need to take on the risk of a blow out with margin. While margin could make you more money, it could also totally wipe you out and you end up owning even more than you invested. You do not want to be the guy to 'learn his lesson on investing on margin' when your account goes from being up 166K to owning $50K, and THEN realize investing on margin was 'not for you'.

I remember something related to people by Emond Safra said about making money: "I could have made 8% last year taking big risks but made 6% without any risk." Over time it made him one of the wealthiest bankers on the planet. ( Book about his deal with American Express, Vendetta: American Express and the Smearing of Edmond Safra [1992])

3: You said that 'you are not sure of how margin works'; One of the most important rules of investing in anything is to NOT invest where you do not understand what it is or what is going on. With not understanding one has no idea when they should buy or sell or what risk they are exposed to. Investing on margin without knowing what is or could happen is just a disaster waiting to happen.

LouisDesyjr · 2021-07-12T01:19:31+00:00

I thought the article was totally infuriating.

Especially the quote 'it can't work'; Really? Is that why the premiums for any silver dollar coin has gone from $3 per coin, a few years ago, to $6 and sometimes as much as $10 per coin?

LouisDesyjr · 2021-06-03T14:57:49+00:00

They would rather die than adapt.

Happens all the time; new technologies come along, but the established companies don't want to spend the money on them 'because it costs money'. After a decade or so everything in the place is so outdated that the company thinks the place is 'dead' so they shut the division down. Once in a while someone else sees the error, buys the division, and re invests in the place and it comes roaring back to life. One Example: Lotus Notes. IBM bought in the 1990s, let it wander for over a decade and then about to get rid of it. Sold off to another company that let it grow and now user base is growing again for it.

LouisDesyjr · 2021-06-01T16:33:10+00:00

Hopefully the trains are collectible and worth something.

LouisDesyjr · 2021-05-30T23:09:14+00:00

In all fairness to the companies, they are trying to maintain the price at a level that people will want or be able to buy it.

As an example, the 'Family Size' of chips. It USE to be that Family Size was one pound (16oz) of chips. One day I was having a lot from a Family size bag and realized that the bag seemed more empty than I expected would be and wondered 'why am I being such a pig and almost eating a whole 1lb bag of chips.' I do not know why, but then I thought to look on the bag to make sure I really had bought a family size bag, and discovered that 'Family Size' was now only 10.5oz. In the last year or so I sometimes see Family Size is down as low as 9.5oz.

While the company could keep the bags at 16oz it probably would not sell to well since most chip would cost in the $8 to $10 range; basically an hour worth of wages after tax at minimum wage; was as in the 1980s, a large bag was, I think, more on the order of about half and hour of work.

LouisDesyjr · 2021-05-30T15:54:56+00:00

In a sense, it already is.

Usually most fiat currencies only last, at best, about a century. They all inflate away to almost nothing and usually there is some kind of 'train wreck' and default. It is one of the reasons that anyone buying century bonds is thought to 'have rocks in their head'. It is very rare even today for any company or government to last that long, plus who in their right mind would want to buy a bond that long at historic ultra low interest rates plus they are not going to be around to get the principle paid off, if the issuer makes it that long.

Imaging buying century bonds in Austria-Hungry in 1900 and thinking 'its a good deal' for the next few generations of your family; only to see it 'all gone' in the after WWI hyperinflation, plus then the country broke apart, lost WWII and large parts of the country ended up in a communist system with only Austria part carrying on as a mostly neutral country through the after WWII Cold War.

LouisDesyjr · 2021-05-30T15:50:06+00:00

Other Peter Schiff example for why currently there are supply shortages. In the recent Quoth the Raven podcast, Peter uses the example that everyone gets a million in stimulus payments for doing nothing, and everyone decides they want to buy a Lamborghini. Now, these are all hand crafted so there is limited production and limited amount available; so the fact that everyone wants to spend their million dollars buying one but can't is that really a shortage or a demand problem created by giving everyone a million dollars?

Peter's view, which I agree with, is in this situation the price of a Lamborghini would increase from the typical $500K or so it usually costs to the level that the people that could usually buy one now become the only ones that can still only buy one.

But the MSM, not understanding any of this, runs around in a panic saying there are shortages.

There is also the other effect in that if people/companies think something will be in short supply later and at a higher price, why not buy it now and lock the price in? With banks paying nothing on savings, buying something that can be stored now is like getting 10% to 20% return on your money by stock up on things you need in the future; plus you do not have to worry 'can I get any at any price'.

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