Author Topic: Investing and personal finance  (Read 120920 times)

IroNat

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Re: Investing and personal finance
« Reply #200 on: August 05, 2019, 05:18:13 AM »
Fidelity Magellan Fund...

That fund was hot in the 70s-80s.

I invested in it to a small amount.

It got too big eventually, became unwieldy, couldn't find enough things to buy and then Lynch retired.

Now it's basically an index fund but with higher costs.

You're better off to buy a total market index fund from Fidelity or Vanguard.




FitnessFrenzy

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Re: Investing and personal finance
« Reply #201 on: September 13, 2019, 08:59:19 AM »

sync pulse

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Re: Investing and personal finance
« Reply #202 on: September 13, 2019, 08:39:09 PM »
...Motley Fool huh?...appropriate name....

FitnessFrenzy

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Re: Investing and personal finance
« Reply #203 on: September 14, 2019, 03:47:13 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #204 on: September 14, 2019, 03:48:08 AM »
...Motley Fool huh?...appropriate name....

they have been around for a long time. The video is worth watching. They also discuss drawbacks of investing in the SaaS stocks, including the high valuations for most of these stocks and the small competitors emerging on the scene.

sync pulse

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Re: Investing and personal finance
« Reply #205 on: September 15, 2019, 05:19:01 AM »
they have been around for a long time. The video is worth watching. They also discuss drawbacks of investing in the SaaS stocks, including the high valuations for most of these stocks and the small competitors emerging on the scene.

They may have been around a long time...but I do not think very much of the organization...they seem like a "Multi Level Marketing" scheme...

FitnessFrenzy

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Re: Investing and personal finance
« Reply #206 on: September 15, 2019, 05:34:01 AM »

IroNat

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Re: Investing and personal finance
« Reply #207 on: September 15, 2019, 07:19:42 AM »
Real estate investing is local.

Every real estate market is unique.

What works in one locale may or may not work in another.

Oz has spoken.

sync pulse

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Re: Investing and personal finance
« Reply #208 on: September 15, 2019, 05:02:22 PM »
The next big real estate crash will be expensive high rise apartments...

FitnessFrenzy

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Re: Investing and personal finance
« Reply #209 on: September 16, 2019, 06:59:09 AM »

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Re: Investing and personal finance
« Reply #210 on: September 21, 2019, 03:43:09 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #211 on: September 27, 2019, 01:58:40 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #212 on: October 05, 2019, 01:16:02 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #213 on: October 16, 2019, 12:10:33 PM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #214 on: October 29, 2019, 03:01:45 AM »

IroNat

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Re: Investing and personal finance
« Reply #215 on: October 29, 2019, 04:20:38 AM »


Needs a haircut and shave.

Should move out of his parent's basement.

IroNat

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Re: Investing and personal finance
« Reply #216 on: November 18, 2019, 04:14:03 AM »

SOMEPARTS

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Re: Investing and personal finance
« Reply #217 on: November 21, 2019, 01:44:41 PM »
The next big real estate crash will be everything...



Because funding is the reason for real estate crashes. When money gets tight nearly everything is affected.

Imagine what property would be worth if there were no 30 year debt terms or you needed 50% down?

Gregzs

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Re: Investing and personal finance
« Reply #218 on: December 03, 2019, 05:46:45 PM »
MUSCLE MAKER GRILL FILES FOR AN IPO


If at first you don’t succeed, try again.

Muscle Maker Grill, the healthy fast-food franchise, has filed registration documents with federal regulators to raise at least $7 million in an initial public offering.

The Burleson, Texas-based company, which has struggled with operating losses for years, plans to use the funds “for general corporate purposes.”

The potential IPO comes just two years after Muscle Maker failed to generate any interest in its Regulation A+ mini IPO. The company at the time hoped to raise $20 million with its offering, but instead raised less than $150,000.

Mini IPOs are less restrictive than traditional IPOs. They’re traditionally reserved for companies that don’t have access to traditional IPO markets that depend on larger, institutional investors.

That makes Muscle Maker’s IPO step unusual, to say the least.

The financial challenges that likely doomed Muscle Maker’s initial effort are still there. The company is struggling with weak sales and increasing costs. It has been closing locations and can’t make money on its existing operations. Now it is banking on delivery, and the high fees that come with it, to generate more sales.

Muscle Maker operates 39 locations in 14 states, plus two in Kuwait. Franchisees operate all but eight of them. But it operated 53 locations two years ago and has faced lawsuits over closed locations.

The company focuses on “healthy-inspired, high-quality, made-to-order, lean, protein-based meals,” including chicken, seafood, pasta, burgers, wraps and flatbreads, along with salads, protein shakes and smoothies.

Muscle Maker is planning aggressive franchise growth, particularly in nontraditional locations such as military bases.

It has big plans for delivery. Some franchise locations in urban areas get as much as 80% of their sales that way. But the costs are steep: up to 25%. “Our cost structure will need to be adjusted to reflect a different pricing model, portion sizes, menu offerings, and other considerations to potentially offset these rising costs of delivery,” the company said in its IPO filing.

Muscle Maker’s financial losses have led to questions about its ability to continue operating. Auditors have given it a “going concern” warning, suggesting “substantial doubt” about its viability.

Revenues are down 20%, to just $3.7 million, in the first nine months of 2019. It reported a net loss of $5.4 million, though that was an improvement over the $6.7 million loss in the same period a year ago.

The company has less than $2 million in cash and has a working capital deficit of $5.5 million. Its accumulated deficit is nearly $30 million.

Muscle Maker has made some improvements more recently. In the third quarter ended Sept. 30, the company generated $1.1 million in revenues, up more than 6% over the same period a year ago. Yet it still finished with a wider, $1.4 million operating loss in the period and a net loss of $2.3 million, more than double its net loss in the same period a year ago.

Same-store sales were not available, but they are down so far in 2019 and were down in 2018. Muscle Maker is hoping that marketing, new menu initiatives and improved speed of service will improve that number.

They’ll need to improve, too. Food and beverage costs at company locations were 41.3% of sales in the third quarter, up 430 basis points from the same period a year ago. Labor costs were 42.3%, up 530 basis point. Rent was 11.8% of sales. “Other restaurant operating expenses” were 13.8%, up 500 basis points.

Much of the increase in costs was associated with the company’s acquisition of a pair of franchisee-owned locations. Still, add all these costs up and the restaurants are at a deficit of 9.2%.

All of these losses are putting considerable pressure on the company to raise sales. But even if it can quickly increase revenues, it needs to raise cash. Thus, the IPO.

Muscle Maker needs to raise $350,000 by the end of December to “satisfy the company’s monthly expenses and continue in operation.”

To fund its plan for 2020, the company needs to raise “a minimum” of $5.75 million.

“Our inability to raise capital could require us to significantly curtail or terminate our operations,” Muscle Maker said in its filing.

https://www.restaurantbusinessonline.com/financing/muscle-maker-grill-files-ipo

FitnessFrenzy

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Re: Investing and personal finance
« Reply #219 on: December 15, 2019, 12:54:27 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #220 on: December 30, 2019, 02:11:44 AM »

IroNat

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Re: Investing and personal finance
« Reply #221 on: December 30, 2019, 04:55:08 AM »


Guy has only $70k portfolio and he's giving opinions/advices.

That's chump change.  Pocket money.

He's a beginner. 

A major reason Buffett keeps cash on hand is for redemptions when investors sell B-H stock.  If the market crashes many investors will dump the stock.  Buffett doesn't want to have to sell B-H investments to fund redemptions.  He needs liquidity to do that.  Same reason people should have an emergency fund to pay for things like a new furnace or medical bills that occur randomly.

As of 8/2019 B-H had total assets of $707 billion with $122 billion in cash.  122/707 = 17% cash 83% other assets.

https://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway

FitnessFrenzy

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Re: Investing and personal finance
« Reply #222 on: December 30, 2019, 10:14:16 AM »
I like Joseph Carlson's videos, but most of these dividend investors go over the same things over and over in each video.

And I appreciate your elaborate comments about Berkshire and Warren :-)

IroNat

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Re: Investing and personal finance
« Reply #223 on: December 30, 2019, 10:23:13 AM »
I like Joseph Carlson's videos, but most of these dividend investors go over the same things over and over in each video.

And I appreciate your elaborate comments about Berkshire and Warren :-)

The guy has a long ways to go before he reaches critical mass.

FitnessFrenzy

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Re: Investing and personal finance
« Reply #224 on: January 02, 2020, 02:14:44 AM »
The guy has a long ways to go before he reaches critical mass.

by critical mass, do you mean an amount of money where you can live off your investments?