Sanrith Descartes
Veteran of a thousand threadban wars
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I will ride my AAPL until I die. It's not leaving my portfolio. It hits the 100 DMA and I will add. Same with MSFT.
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Investing General Discussion
- Thread starter Furious
- Start date
Kiroy
Marine Biologist
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seems crazy to me considering china, our enemy, could kill the company tomorrow
apple doesn't have a plan b, no other cheap labor country has the infrastructure and organized manpower to even come close to meeting their demand
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Fogel
Mr. Poopybutthole
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Shonuff
Mr. Poopybutthole
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Kiroy
Marine Biologist
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Their Chinese marketspace, which is important, pales in comparison to their product prices increasing by many multiples if china tells them to go fuck off (assuming they can magically resume production immediately elsewhere, which they can't). Three million fucking Chinese work on apple products, THREE MILLION!
Recreating the infrastructure to support that labor pool in any other country should have started over half a decade ago when china was cucking apple right after jinping came to power.
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Big Phoenix
Pronouns: zie/zhem/zer
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Just imagine the reaction if they came out and admitted the real inflation numbers. Every"economist" who isn't calling this out is a stooge piece of shit.
Guy I know with an economics degree tried to tell me my house increasing in value by 200%+ in a few is merely appreciation. These people are utterly lost. Fucking 16 year old truck posted for $24000!
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Shonuff
Mr. Poopybutthole
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Jysin
Ahn'Qiraj Raider
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Not just in the US. Here in the UK, I bought a 2016 Land Rover back in 2019. Since then I’ve doubled the mileage and I get a WeBuyAnyCar quote value of about 10% over what I paid for it. Hell knows if I actually sold it myself.
Sanrith Descartes
Veteran of a thousand threadban wars
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Went into a meeting after lunch and things was green. Come back to my desk a few minutes ago and...
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Shonuff
Mr. Poopybutthole
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I understand that chip shortage is causing used cars to soar. But these are old school, heavy duty engines with very little electronics. There's no chip shortage involved. Two years ago, a new engine was 10k, and now its 40k and you can't find it.
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swayze22
Elite
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Edaw
Parody
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Gravel
Mr. Poopybutthole
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I can't remember who said it in the Home Buying thread but someone else was buying new construction and it had appreciated a significant amount before they even moved in.
Same here. We're paying a good 15% more than they were selling for in April/May, and just 6 weeks after we signed our offer, they're selling for 10% more than we paid. It's pretty insane. We had some remorse that we overpaid with our offer since it was so much higher than months earlier, but as things have continued to increase it seems like we got a deal now.
20-30 year old homes with old finishes and crappy floorplans are selling for what we offered a month ago.
TJT
Mr. Poopybutthole
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*appreciated a significant amount before construction even struck ground.
For me, it's a solid 25% increase so far and I bought it in February.
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Shonuff
Mr. Poopybutthole
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My parents' 3,500 square foot house in Austin, TX is selling for over 2M now. Austin's prices are going nuts.
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