The Long Term Investor

Discussion in 'Investing' started by WXYZ, Oct 2, 2018.

  1. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    8,536
    Likes Received:
    2,996
    I think we all agree on that!

    BTC having first mover advantage is something that can not be taken away.

    2nd and 3rd gen coins are all way better, but in the world of crypto its all about marketing and BTC had a huge headstart on everybody else.
     
    WXYZ likes this.
  2. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    Welcome.....duckleberry_fin. Good to see you posting.....especially on the crypto. Please continue to participate. Feel free to talk about your investing, portfolio, goals, successes, failures, or any other investing topic.
     
  3. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    Just to set the stage for tomorrow.....here is a little preview.

    Stock market news live updates: Stock futures gain ahead of inflation data

    https://finance.yahoo.com/news/stock-market-news-live-updates-june-10-2021-221618178.html

    (BOLD is my opinion OR what I consider important content)
    "Stock futures opened slightly higher Wednesday evening as traders looked ahead to a key print on consumer price changes, which will help elucidate the path forward for monetary policymakers during the recovery coming out of the pandemic.

    Contracts on the S&P 500 rose slightly. During the regular session, the index came within 1 point of its recent all-time high, but ultimately failed to set a new record. Dow and Nasdaq futures were also higher in the after-hours session.

    Shares of GameStop (GME) slid 12% in late trading after the company said it was filing to be able to issue up to 5 million shares of its common stock, with the news overshadowing its stronger-than-expected first-quarter sales results. Other so-called "meme stocks" that recently became popular with traders on Reddit also gave back some gains late Wednesday after rallying during the regular session, including Geo Group (GEO) and Aethlon Medical (AEMD).

    For the broader markets, investors are set to closely watch the Bureau of Labor Statistics' May consumer price index (CPI) Thursday morning, offering the latest snapshot on consumer price inflation. Consensus economists are looking for the headline index to surge 4.7% in May over last year, marking the biggest jump since 2008. And excluding volatile food and energy prices, the so-called "core" consumer price index is expected to increase by 3.5%, or by the most since 1993.

    The U.S. government bond market on Wednesday appeared to at least momentarily show an easing of inflationary concerns, which had been top of mind for investors over the past couple months. Treasury yields moved lower across the curve and the 10-year yield dipped below 1.5%. The move came after China's May CPI print came in below estimates, marking one of the first major inflation numbers this spring that did not come in in-line with or hotter than expectations.

    "In the past two months, everything the market priced in has essentially happened. COVID is effectively over here in the United States, we're not getting anymore stimulus, the Fed is going to start tapering," Tom Essaye, president of Sevens Report Research, told Yahoo Finance on Wednesday. "So the market and investors are sitting around and saying, what's next? Well the what's next is, is inflation temporary ... and more importantly, how is the Fed going to handle tapering, and are they going to mess it up?"

    "I think until we get more clarity on that, we're bumping around," he said."

    MY COMMENT

    I dont see much on the CPI in the media at the moment. Perhaps this will all just turn out to be a NON-EVENT tomorrow. I hope so.....the markets are TIRED of all the DRAMA. The markets just want to....BUM AROUND.....for a while.

    ON....another topic.....the LEAKED data on Billionaire taxes.....from the IRS. I now see that the articles are PILING UP.......as expected.....this leaked data is being used to call for more taxes....higher taxes....a wealth tax.....higher capital gains....etc, etc, etc. GEE......what a surprise.

    Obviously this sort of data on these kinds of people.....is....extremely sensitive AND protected at the IRS. This is not data that anyone can access. I imagine that only people at the very highest levels have access to this sort of VIP taxpayer data. This leak is an example of EXTREME corruption and/or significant CRIMINAL activity inside the IRS. This event TRANSCENDS POLITICS......every American should be concerned with this sort of INTENTIONAL LEAK from the IRS.
     
    #6143 WXYZ, Jun 9, 2021
    Last edited: Jun 9, 2021
  4. roadtonowhere08

    roadtonowhere08 Active Member

    Joined:
    Apr 13, 2020
    Messages:
    281
    Likes Received:
    211
  5. oldmanram

    oldmanram Active Member

    Joined:
    Feb 17, 2021
    Messages:
    200
    Likes Received:
    108
    Just got home, late one, but someone has to work? around here.
    Did ok, all indexes down , but ended the day UP .07%
    As has been the trend over the last week, my REIT's are leading the way,
    followed by AMZN and GOOGL
    ETF's
    VHT
    VOOG
    XLK
    About 75% of the portfolio was green today
     
  6. duckleberry_fin

    duckleberry_fin New Member

    Joined:
    May 14, 2021
    Messages:
    4
    Likes Received:
    7
    Thanks! Believe it or not I'm not much of a crypto guy. I find it fascinating and the technology itself (block chain, smart contracts, nft's) will likely be heavily incorporated in the mainstream over the years. BUT I don't "invest" in currencies or commodities (and crypto feels like some form of one or the other) and every time someone tries sharing the bull case for a specific crypto all I can hear is Peter Lynch saying "this sucker's goin up".

    My actual portfolio is approximately 60% index; 35% WXYZ style blue chips; 5% moonshots that I am comfortable losing. I'm 30 years old and an attorney so the only good time I have to research is on the weekends (yet here I am wasting valuable billable hours posting on a forum) so I try to keep things fairly simple.
     
    WXYZ likes this.
  7. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    2,713
    Likes Received:
    1,523
    Welcome, Mr. Fin. :cool2:

    I'll be your duckleberry. [modified movie quote]
     
  8. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    HEY......time on this forum is NOT......WASTED. LOL....just joking.

    Yeah those billable hours are valuable....and.......they provide the basis of your investing. Your portfolio sounds similar to what I do.....since I start out any portfolio about 50/50 between the funds and the stocks. I LIKE your balance......that 5% gives you a bit of excitement....and a shot at some riskier holdings that might pay off big.
     
    duckleberry_fin likes this.
  9. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    SO.....what if they released some BIG economic data and no one cared? Good to see that happen today....so far.

    Consumer prices jump 5% in May, fastest pace since the summer of 2008

    https://www.cnbc.com/2021/06/10/cpi-may-2021.html

    (BOLD is my opinion OR what I consider important content)


    "Key Points
    • Headline consumer prices rose 5% year over year in May, the fastest pace since August 2008 and higher than Wall Street expectations.
    • The 3.8% rise in the core inflation rate, which excludes food and energy prices, was the sharpest increase in nearly three decades.
    • Surging used car car prices helped drive much of the inflation gains.
    • Initial jobless claims totaled 376,000, a touch higher than the estimate.

    Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. economy, the Labor Department reported Thursday.

    The consumer price index, which represents a basket including food, energy, groceries, housing costs and sales across a spectrum of goods, rose 5% from a year earlier. Economists surveyed by Dow Jones had been expecting a gain of 4.7%.

    The reading represented the biggest CPI gain since the 5.3% increase in August 2008, just before the financial crisis sent the U.S. spiraling into the worst recession since the Great Depression.

    [​IMG]
    Though the inflation readings are well above anything seen since the 2008-09 financial crisis, the Federal Reserve has been largely dismissive of the numbers. Central bank officials believe the current rise is due to temporary factors that will abate as the year goes on and look higher because of comparisons to the year-ago period, when much of the economic activity remained restricted due to pandemic precautions.

    Consequently, market participants generally do not expect to see the Fed react to the latest numbers when the policymaking Federal Open Market Committee meets next week.

    The strength in the top line indices was driven largely by categories that have been heavily disrupted by COVID and remain under pressure from supply chain disruptions,” wrote Eric Wingorad, senior economist at Alliance Bernstein. “The more persistent categories of inflation — the ones that do a better job of capturing the sustainable trend—are significantly more subdued. That means that the details of today’s print continue to support the idea that the spike in inflation is transitory, even if it is more intense than most forecasters (myself included) would originally have anticipated.”

    Used cars and truck prices continued their climb higher, rising 7.3% on the month and 29.7% for the past 12 months. The new vehicles index increased 1.6%, its biggest-single month gain since October 2009 and was up 3.3% for the 12-month period, the highest move since November 2011.

    However, the energy index was about flat for the month despite the huge runup in gasoline prices this year, while the food index repeated its April rise of 0.4%.

    The gasoline index is up 56.2% over the past year, part of an overall 28.5% increase in energy during the period. Food prices have remained comparatively tame, up 2.2% for the 12-month period.

    A separate gauge that excludes volatile food and energy prices increased 3.8%, vs the Dow Jones estimate of 3.5% for so-called core inflation. That was the fastest pace since May 1992.

    Another report released Thursday showed that jobless claims for the week ended June 5 came in at 376,000. The estimate was 370,000. The total still marked the lowest of the pandemic era.

    [​IMG]
    Investors, though, remain heavily focused on inflation, which hasn’t been a major threat to the U.S. economy since the early 1980s.

    On a monthly basis, the headline CPI rose 0.8% while the core was up 0.7%. The estimate was 0.5% for both readings.

    Markets largely shrugged off Thursday’s inflation report, with stock market futures indicating a gain at the open though government bond yields moved higher. The benchmark 10-year Treasury note last traded near 1.52%.

    Prices surged across a variety of sectors as the economy continued to recover from the harsh restrictions government officials put in place during the pandemic.

    Household furnishings and operations rose 1.3%, the biggest month-over-month gain since January 1976. Airline tickets continued their climb, rising 7% for the month and 24% from a year earlier as more passengers take to the skies. Car and truck rentals rose along with sales prices, jumping 12.1% to compound a 16.2% increase in April and rise of 110% from a year ago.

    Shelter cost, which make up about one-third of the CPI, rose 0.3% for the month and 2.2% year over year. Within that group, an index that includes hotel and motel costs jumped 10% for the 12-month period.

    Claims hit new pandemic-era low
    While inflation was rising, weekly jobless claims were continuing to nudge lower.

    The total of 376,000 represented a decline of 9,000 from the previous week and marks another low since the March 14, 2020, level that preceded an explosion in unemployment unlike anything the U.S. had seen.

    Continuing claims fell considerably, dropping by 258,000 to a new pandemic-era low of just below 3.5 million. Around the same time a year ago, the total was 18.9 million.

    [​IMG]
    The total of those getting benefits under all federal programs declined by 95,099 to 15.35 million, about half where it was at the same time in 2020. Enrollment continues to decline in pandemic-related programs as the September expiration of expanded benefits nears and as many states are curtailing their programs.

    On a state level, big drops were recorded in Pennsylvania (-23,703) and California (-18,999)."

    MY COMMENT

    Ok.....we have data that is the worst since 2008.......WOW. So just 12 years ago we were at the same level....with a NORMAL economy.....not a re-opening from a closure of the entire economy. AND.....did we see any hyper-inflation back in 2008 when we had a higher number? NO....we experienced 12 years of a mild deflationary depression from 2008 on.

    These numbers reported today are GENERALLY in line with what was expected......as the market reaction.....or rather....lack of reaction is showing. The unemployment numbers show the real DRAG that is on the economy right now as we STRUGGLE to re-open.

    AND.....much of the inflation number is used car prices which are surging.....not something that I am really concerned about. This surge is totally TRANSITORY and DOES NOT reflect any real BROAD economic problem.

    Add in the .......FACT......that these numbers are based on a comparison with the PEAK of the historic economic shutdown and you have one BIG......NOTHING-BURGER.

    What....might....count in terms of inflation will be where we are when we are comparing a normal economy to a time when we had a normal economy. That comparison is not going to happen for many more months. AND.....obviously the Ten Year Treasury is NOT showing any sort of SHOCK from these numbers since it is LINGERING in the 1.52% range. This rate is something that would have been thought to be IMPOSSIBLE by the doom and gloom people a few months ago.

    I like these CNBC articles on this sort of stuff.......they tend to NOT include all the hand wringing fear mongering and unwanted.......gratuitous opinion.....that most economic articles seem to always contain.
     
    #6149 WXYZ, Jun 10, 2021 at 10:31 AM
    Last edited: Jun 10, 2021 at 11:13 AM
  10. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    Here is another take which reflects some of the market reaction....including the SP500 hitting an all time high.

    S&P 500 hits record high as Wall Street brushes off higher inflation data

    https://finance.yahoo.com/news/futures-hold-steady-ahead-inflation-111940251.html

    (BOLD is my opinion OR what I consider important content)

    "U.S. stocks rose on Thursday, with the S&P 500 hitting a record high, as investors doubted whether a spike in May consumer prices would spur early policy tightening by the Federal Reserve.

    The Labor Department said its consumer price index increased 0.6% last month after surging 0.8% in April. In the 12 months through May, CPI accelerated 5.0% in its biggest year-on-year increase since August 2008.

    The jump partly reflected the dropping of last spring's weak readings from the calculation. These so-called base effects are expected to level off in June.

    "The numbers were slightly more than expected, but not way outside of the range ... I don't think this going to change the Fed's view of keeping rates very low," said Mark Grant, chief global strategist, B. Riley Financial.

    Focus will now be on the Fed's monetary policy meeting next week for more clues about the central bank's stance on tapering its massive stimulus.

    The labor market and inflation are two key factors for the Fed to consider tightening, and while inflation has risen, recent payrolls data was underwhelming.

    A separate report on Thursday from the Labor Department showed the number of Americans filing for jobless claims fell less than expected last week.

    "As the economy continues to improve, a lot of bottle neck pressures will start to fade. I don't think there is any reason for the Fed to panic," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

    At 9:48 a.m. ET, the Dow Jones Industrial Average was up 230.84 points, or 0.67%, at 34,677.98, the S&P 500 was up 27.27 points, or 0.65%, at 4,246.82. The Nasdaq Composite was up 109.64 points, or 0.79%, at 14,021.39.

    So-called "meme" stocks, which have dominated trading volumes in recent weeks, were again volatile in early trade, with several recent retail darlings including Clover Health and AMC flitting between losses and gains.

    GameStop Corp, the stock most closely associated with the retail buying frenzy this year, fell 9.1% after the company said it may sell new shares. The videogame retailer also said the Securities and Exchange Commission had requested documents related to an investigation into the Reddit rally that sent its shares up 1,600% in January.

    Boeing rose 2.0% after sources told Reuters United Airlines was in talks to place a multi-billion-dollar order for single-aisle jets potentially split between Boeing and Europe's Airbus.

    Ocugen Inc tumbled 15.5% after the drugmaker said it will not pursue an emergency use authorization for its COVID-19 vaccine candidate and would instead aim to file for a full U.S. approval of the shot.

    Focus was also on a major infrastructure spending bill, talks over which hit a deadlock in the Senate.

    Advancing issues outnumbered decliners by a 2.55-to-1 ratio on the NYSE and a 2.17-to-1 ratio on the Nasdaq.

    The S&P index recorded 38 new 52-week highs and no new low, while the Nasdaq recorded 58 new highs and six new lows."

    MY COMMENT

    EXACTLY.......see comments to post above this one. More and more people are starting to come down in the camp thinking that......yes.....there will be no inflation. In fact....anything up to about 4% or slightly above will be healthy for the economy.

    Of course.....now.....the media and others will simply move on to the FED meeting next week as the short term topic of the moment. In the meantime...actual investors and actual stocks....continue to move on up. Yes...a lingering slow advance....but a DEFINITE advance....as the markets continue to slowly climb the.......HUGE.......wall of worry, that is being manufactured by the financial media on a daily basis.

    AND......a bit here about the MEME stocks. They should be called the.......SOCIAL MEDIA INFLUENCER......stocks. How DUMB is that....investing based on some social BS on a message board. YES.....the people pushing this......TRASH INVESTING......are simply social media influencers. I could see playing these stocks as short term trading vehicles.....if you are a professional trader. BUT.....as a normal retail investor.....INSANITY. BUT...that is human nature......and....that is the human brain. there is a reason that the average investor CAN NOT beat the unmanaged indexes.
     
  11. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    Another bit of data....relevant to....inflation. Mortgage rates. With the Ten Year Treasury doing what it is doing.....rates are NOT going up any time soon. In fact they MAY actually DROP. NOT an indicator of out of control inflation........actually....probably another indicator of the potential for DEFLATION.

    Mortgage rates fell over the past week, despite inflation hitting a 13-year high. What’s going on?

    https://www.marketwatch.com/story/m...high-whats-going-on-11623333705?siteid=yhoof2

    (BOLD is my opinion OR what I consider important content)

    "Benchmark mortgage rates slid over the past week, without any clear reason for a decline, continuing the reprieve for price-sensitive home buyers.

    The 30-year fixed-rate mortgage averaged 2.96% for the week ending June 10, down three basis points from the previous week, Freddie Mac FMCC, 1.47% reported.

    The 15-year fixed-rate mortgage fell four basis points to an average of 2.23%. The 5-year Treasury-indexed adjustable-rate mortgage averaged 2.55%, down nine basis points from the prior week.

    Generally speaking, mortgage rates move roughly in tandem with long-term bond yields, including the 10-year Treasury TMUBMUSD10Y, 1.498%, and this past week was not an exception.The Freddie Mac fixed rate for a 30-year loan dropped along with the 10-year Treasury yield this week, as investors seem to accept the Federal Reserve’s view that the current inflation is temporary and a patient monetary response continues to be warranted,” said Danielle Hale, chief economist at Realtor.com.

    This week’s mortgage rates report could also be a reflection of the monthly jobs data released last Friday, since May’s employment figures came in below expectations."

    MY COMMENT

    Hello? No clear reason for the decline? A suggestion for the writer.......dont start your articles with a statement that the remainder of your article......DEMOLISHES.

    It is TOTALLY clear why rates are not going up and actually some weeks go down. As the article explains....after the opening sentence which makes no sense......the rates are down because the Ten Year Treasury is down....and....the jobs data is BELOW expectation.....and....because the FED and the investing community is..... NOT.......seeing out of control inflation.

    In any event....this is the BEST news possible for home buyers operating in a very difficult sellers market.
     
  12. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    BUT.....not to get carried away today. Actually...the NASDAQ and the SP500 in terms of percentage gain are positive......but WEAK. It is NOT a run-away market. We are STILL in the same market as the past few months. The direction is STILL....strongly....positive, but we are STUCK in the typical summer doldrums.

    We started the day strong...and now....we are seeing mid-morning profit taking.....and....trading on the daily news. As usual.....the end of the day market numbers are STILL very much up in the air.

    The SP500.......5.5 months into the year....is at +12.52% year to date. A very strong year so far. BUT....this is not reflected in the general attitude of much of the financial media or investors. This is.....ALSO.....a positive indicator. The big gain this year is UNDERAPPRECIATED and often unrecognized.....a very positive contrary indicator.
     
  13. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    At the moment....I see that the Ten year Treasury has....SLIPPED.....below 1.50% again. We are at this moment at a yield of 1.494%. At least the markets....at this micro-moment in time.....have decided to show a bit more strength in the general averages gain for the day....so far.

    The Ten Year Treasury Yield.....CONTINUES to be near the.......EXTREME LOW.......of the past.....100 years. ALL of the Ten Year Yield....... MANIA......and fear mongering we saw in the media a month or two ago......was ALL...driven by the traders PUSHING their trades. A CLASSIC example of WHY investors should simply......IGNORE.....the short term DRAMA.
     
  14. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    8,536
    Likes Received:
    2,996
    Well, better go park more of our money in houses and rent them out!

    Nothing else is paying any sort of return!
     
    WXYZ likes this.
  15. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    You got it StockJock-e. Not much out there for those that need to focus on SAFETY and get a bit of a return.

    Somewhat on this topic....but not really. I just looked at my account. One brokerage account I have has a total of......$158.27......in it. I wanted to open a dedicated bank account for my monthly annuity payments at Schwab.....and.....they required me to have a LINKED brokerage account in order to open the new bank account.

    I did not want to link to my primary brokerage account to that single purpose bank account......so I was forced to open a brokerage account that I never us. I put $100.88 into the unused brokerage account.......as a place holder.......to have something in the account so they would not close it due to no activity...... and I invested that money in the Schwab SP500 Index fund. I cant stand to have even.....$100.88.....siting un-invested.

    I looked at that brokerage account today. It was opened on 2-19-19. Over the two years and four months since it was opened......the account has grown by 51.09%. So it was opened in February of 2019....sat through the entire pandemic......and ....economic shut down and market drop.....and now.....as of today has a gain of 51.09% in just over TWO YEARS.

    A nice lesson....to me......as to the POWER of.......somewhat......long term investing......and......the POWER of INDEX FUND investing. At this rate....that little account.......MIGHT....actually hit $500 in my lifetime.

    This account is a Rip Van Winkle account.....it went to sleep in February of 2019......slept through all the turmoil and drama of the pandemic and the last 2+ years........and woke up today with a nice 52% gain. For this little account....IGNORANCE IS BLISS.
     
    Live&Learn likes this.
  16. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    A very SOLID day today for my account. AND....a new all time high. VERY green today with the only down holdings being AAPL, HON and NKE. A nice beat of the SP500 by .13%.

    For a day when we had a MAJOR inflation indicator come out.....the CPI.....the markets were very strong.

    This little thread started in October of 2018......if you look through it from that time till now....the markets....in spite of everything have been solidly UP. The obvious trend.....over the long term.....is ALWAYS.....UP.
     
  17. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    LOL....the financial media does not know what to say about today. The VAST MAJORITY of the articles that I am seeing say...NOTHING....about the CPI or inflation. they are just ignoring today. It is all about wealth taxes and bitcoin. HERE is the LEAD STORY on one site....for the day:

    Schumer: ‘The federal government is making profits off the backs of our students’

    https://finance.yahoo.com/news/student-debt-forgiveness-schumer-interest-rates-204633113.html

    NOT word about the story of the day.....that did not pan out the way they thought.
     
  18. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    HERE is one MAJOR story today...at least for me as a shareholder.

    Costco is opening 5 new stores across the US this summer, as its sales continue to boom after lockdown

    https://news.yahoo.com/costco-opening-5-stores-across-091533978.html

    (BOLD is my opinion OR what I consider important content)

    "Costco is opening five new stores across the US.

    According to an announcement on its website, Costco will open new stores in: Murfreesboro, Tennessee; Little Rock, Arizona; Moore, Oklahoma; Springfield, Missouri; and Naperville, Illinois. These stores are due to open between July and August, Costco said.

    It was also opening one new store in each of Australia and Japan, it said.

    Lots of retailers in the US pulled back on physical stores during the pandemic - Costco is one of the few to be opening new locations.

    Sales boomed at the warehouse chain at the height of the pandemic, and have remained high. Total revenue for the year ended August 2020 was up 9% to $163 billion. In its most recent quarterly earnings results, reported at the end of May, revenue was up 21.7% to $44.38 billion.

    Costco has more than 800 stores globally, 559 of which are in the US and Puerto Rico. In its annual report, the company said it planned to open 20 new locations in 2021.

    Costco has become one of the few legacy brick-and-mortar retailers to stave off the threat of Amazon, despite being "stubborn" about going digital, Insider's Alex Bitter recently reported.

    While the pandemic spurred on many of its grocery competitors to bet on delivery and pickup for customers that didn't want to shop in-store, Costco has been intentionally slow to follow.

    "We don't have our head in the sand on it," CFO Richard Galanti said about more pickup options in an earnings call discussing Costco's 2020 annual results in September. "We look at it. We have people here that study it. And maybe we'll surprise you one day. But at this juncture, we're not prepared to do that.""

    MY COMMENT

    This is very good news for shareholders and for the company going forward. the company is STILL kicking ass.....even though the pandemic is over and we are re-opening. It is ALSO good news for the general economy.

    There was a BIG story line repeated in the media during earnings about companies like this NOT being able to hold onto the high earnings as we re-opened. Well as usual.....that is BALONEY. This company....like many....is going to BOOM for a substantial length of time.....[pandemic ,or no pandemic.

    There guys have total FOCUS on their business model and they do it over and over and over. Great concept, great execution, and great management. The BEST at what they do....world wide.
     
  19. emmett kelly

    emmett kelly Well-Known Member

    Joined:
    Dec 21, 2017
    Messages:
    731
    Likes Received:
    489
    where's my dividend check?
     
  20. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    3,367
    Likes Received:
    1,613
    Dividend check? I am still waiting for my and my wife's $1400 each in stimulus money. I filed my taxes early......mid April......hoping that the IRS would see that my new tax bracket......based on my financial planing of my retirement income reducing my taxes by about 85%......qualifies us for the stimulus money.

    Well with the IRS being all screwed up....having a massive backlog.....and being all caught up in illegally leaking various Americans tax data....I STILL dont have my stimulus money. I suspect I will be taking it as a credit on my next tax return.
     

Share This Page