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  1. The Sandman

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    Not my game so no play for me. Short-term trading requires too much attention. I did make a little money off it last time though lol. And I loved the movie! (Dumb Money 2023) I think we're (potentially) facing the end of the bull rally that started in 1932. When that happens we'll get a...
  2. The Sandman

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    Roaring Kitty is back! GME is blowing up again.
  3. The Sandman

    Most Investments are Bad. Here's Why.

    INVESTING 
    Which msci index? From when to when? "A long period" means very different things to different people. MSCI started in 1969. That's only 55 years. Many people lionize Warren Buffet, and while there is plenty to admire about him, a big part of his success was starting investing at the beginning of...
  4. The Sandman

    Rule One Investing - Opportunities In Coming Recession

    INVESTING 
    Aside from the nonsense hype (Sorry, but you can lose money in the stock market that's just a fact of life. Those who say otherwise are charlatans), how is this different from "Value Investing?"
  5. The Sandman

    Most Investments are Bad. Here's Why.

    INVESTING 
    Fantastic article by Lyn Alden! Key points: -Historical data shows that the vast, vast majority of OUTSIDE PASSIVE investments perform poorly. -Owner-Operators are the winners (not OUTSIDE PASSIVE investors!) -The types of investments that worked well during the past four decades are less...
  6. The Sandman

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    View: https://twitter.com/naiivememe/status/1783404977576374720
  7. The Sandman

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    Nice consolidation and testing support, getting ready for the next wave up. I draw lines because that's what I see experts do.
  8. The Sandman

    Tin Foil Hat Time: Are Aliens Here?

    HOT! CHAT 
    Physics. They're a simple, naturally-stable shape much like you get from pouring sand in a pile.
  9. The Sandman

    Tin Foil Hat Time: Are Aliens Here?

    HOT! CHAT 
    The notion that the pyramids are technologically advanced in any way is nonsense. They are impressive because they took a lot of labor. That's it. Most people today are so far removed from manual labor that they have no idea what people are physically capable of doing with simple tools
  10. The Sandman

    I quit my job and bought a shoe store

    EXECUTION 
    Worked with my lawyer to put the offer together, sent it over and it came back with some weird changes. Got a bad vibe and decided to call it off. The deal was already risky and questionable if I should take it on at all, so the seller being difficult pushed it over the line clearly into the...
  11. The Sandman

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO CHAT 
    I'm in for the long haul. Zooming out you can barely see the pullback. I think there's plenty of room to run, and it looks like 60k will be support.
  12. The Sandman

    I quit my job and bought a shoe store

    EXECUTION 
    Hired a new employee! Posted an ad on ziprecruiter and the next day she came into the store with her resume. Lots of experience and a great personality, so I felt like I'd be an idiot not to hire her. I lucked out on this one! The seller wants 20k up front, and will finance the rest. I think I...
  13. The Sandman

    I quit my job and bought a shoe store

    EXECUTION 
    Everything comes barcoded, so my first inclination was to use the factory barcodes. But the POS support guy advised applying our own barcodes instead so that's what we're doing for now. I like how it's working so far. Totally agree about trying to sustain an unsustainable situation! I'm a huge...
  14. The Sandman

    I want to make money (Forestry &Timber industry)

    IDEA 
    Where are you? I'm in the western U.S. and wood products is a very mature industry that has been contracting for quite a while. Growth has been in the south-east. Need will be highly location dependent.
  15. The Sandman

    I quit my job and bought a shoe store

    EXECUTION 
    It's been a year and then some, so... j/k! I'm doing pretty well. Been a whole lot of LIFE going on. My main complaint about my last job was that it was boring. Well, I don't have that problem anymore! Two days after buying the business my son hung himself at school. Fortunately he changed...
  16. The Sandman

    Exiting the Slowlane by Buying a Business

    HOT! SLOWLANE EXECUTION 
    I see how a trust will protect the house if you go bankrupt but if you don't have the collateral you simply won't qualify for the loan.
  17. The Sandman

    Companies to AVOID as you succeed in your FASTLANE...

    HOT! OFF-TOPIC 
    Looks like they've finally got it working again. Had to have them delete the connections, reestablish them, and then recombine them. Annoying but at least it's working. Side note: maybe I'm old but when dealing with online tech support I don't need to see gifs. It feels unprofessional and I...
  18. The Sandman

    Companies to AVOID as you succeed in your FASTLANE...

    HOT! OFF-TOPIC 
    Are you still happy with Zipbooks? Seems like they've been having problems lately. Mine hasn't imported any transactions since last month. They say they're having issues with a backlog of transactions and are working on it, but I'm starting to wonder if I should look at alternatives.
  19. The Sandman

    Taking over business from retiring baby boomers

    HOT! 
    Oh man, if I had seen this a year ago I would have been all over it. I got into engineered wood products (Plywood and LVL) 10 years ago, mostly on the technical side, with some time on production. What you're describing is right up my alley. Heck, I've gone to Canada go help our OSB supplier...
  20. The Sandman

    Rate This Idea: Smart Wildfire Suppression System

    IDEA 
    Same nonsense here in the USA, at least on the west coast. Privately owned and managed forests are healthier and burn far less than government owned and managed. And of course they're far more productive. Sorry OP but your idea isn't even close to viable as a generalized forest measure. You...

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