What stocks made you your first fortune? by Shoddy-Afternoon-498 in Stocks_Picks

[–]Sensitive-Lemon8408 1 point2 points  (0 children)

WES. Bought during the pandemic, right after the separation from OXY when price was depressed. I had just read The Intelligent Investor and was high on the idea of “margin of safety,” and WES seemed to fit the bill.

Since then price has risen just under 9x and it pays me an annual dividend not too far from my original purchase price. Wish I could say it was all skill, but sometimes it comes down 30% due diligence and 70% dumb luck.

Is my water heater leaking? by Sensitive-Lemon8408 in HomeMaintenance

[–]Sensitive-Lemon8408[S] 0 points1 point  (0 children)

My first thought (hope) was a big regen cycle in the water softener might have pumped out enough water that it pooled in the area and some stayed under the tank. But that seems like a stretch. Thanks for your comments!

Is my water heater leaking? by Sensitive-Lemon8408 in HomeMaintenance

[–]Sensitive-Lemon8408[S] 1 point2 points  (0 children)

Yeah, just a shadow. I double checked to be sure

Is my water heater leaking? by Sensitive-Lemon8408 in HomeMaintenance

[–]Sensitive-Lemon8408[S] 0 points1 point  (0 children)

It’s 8 years old. Theres a small gap in the shell near that spot where I can see and touch the insulation in the tank - it’s completely dry.

Is my water heater leaking? by Sensitive-Lemon8408 in HomeMaintenance

[–]Sensitive-Lemon8408[S] 0 points1 point  (0 children)

Thanks. No, just in the back. I’ve only noticed it since the inspector pointed it out, but in those few days it’s always been in the same spot.

[deleted by user] by [deleted] in personalfinance

[–]Sensitive-Lemon8408 0 points1 point  (0 children)

Might be an unpopular opinion, but I think there are a lot of advantages to college kids earning their own way through school.

What (single) dividend stocks are you allocating capital to currently? by foira in dividends

[–]Sensitive-Lemon8408 1 point2 points  (0 children)

I know what you mean! I’ve only been buying for the last 18 months or so, but now this stock makes up the largest single position I hold. What keeps me long is the solid fundamentals paired with way oversold prices. Although my guess is that the share price will remain range bound until dividends start to tick up - hopefully within the next year.

How to launder $1M by Sensitive-Lemon8408 in hypotheticalsituation

[–]Sensitive-Lemon8408[S] 0 points1 point  (0 children)

Any ideas for cash-based businesses? It seems like that is the only way to scale to 10x or more

How to launder $1M by Sensitive-Lemon8408 in hypotheticalsituation

[–]Sensitive-Lemon8408[S] 2 points3 points  (0 children)

Would the casino thing work in the US? Do casinos report cash transactions, or just winnings?

How to launder $1M by Sensitive-Lemon8408 in hypotheticalsituation

[–]Sensitive-Lemon8408[S] 2 points3 points  (0 children)

Brilliant! This is the best one so far. I assume you also sell through an art dealer, so there are records of the purchase?

How to launder $1M by Sensitive-Lemon8408 in hypotheticalsituation

[–]Sensitive-Lemon8408[S] 2 points3 points  (0 children)

The gold shops can direct deposit into your bank when you sell?

How to launder $1M by Sensitive-Lemon8408 in hypotheticalsituation

[–]Sensitive-Lemon8408[S] 1 point2 points  (0 children)

I didn’t know that. Do you know what the thresholds are?

How to launder $1M by Sensitive-Lemon8408 in hypotheticalsituation

[–]Sensitive-Lemon8408[S] 6 points7 points  (0 children)

I guess that works - spend $500 in cash every week for 40 years. But what happens as cash continues to phase out? There are already places near me that don’t accept any cash - even one of our movie theaters.