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Grant 302
basic and well known psychic
To clarify, I don’t want inflation. Just making plans - best I can - to deal with it.
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My challenge is the assets that I like to “invest” in devalue at a much higher clip than cash against inflation. The same “assets” that bring me to TMO!Cash essentially devalues at the inverse rate of inflation.
I hope you're right. I'll be selling some LRCX this spring to pay for some upgrades around the house. I'd like to sell above $600 if I can.
You’ve got your sights set way too low, IMO.
Inflation will take a while to set in. And unless you tell me there’s any threat to the company’s level of earnings, then I think the return to $600 is imminent. Even at the current earnings, p/e expansion to say 35 or 40 supports prices at $680-$800. And that’s before considering p/e/g growth prospects or inflation or possible dividend increases.
Home improvements aren’t a bad place either, though, as long as they’re increasing your resale value. But I believe letting the money work for you in the market is the better horse to pick.
That’s all good. Gotta do what you gotta do, and nobody should second guess winning trades.Well, I sold some shares today. I hear you on letting the money work, but I'm irritated every time I get near my built in brick smoker that someone made along the line. It's got a narrow brick walkway that falls off about 3 inches to some dirt- and the dirt has two risers for the septic tank access that are major trip hazards. The whole area is space constrained due to the slope of the property. I'm going to pay a guy to dig out the treated wood risers, and install the plastic ones with nice lids that I bought. He's going to re-config the retaining wall to give me more space there then I'll probably do flagstone or some other hardscape surface with a gazebo or pergola type structure over it. I'm tired of digging. I've been digging quite a bit for a well water tank relocation project, so I'll pay a guy I know who's a pretty hard worker and has some masonry and concrete skills.
Yeah, and the thing to keep in mind is that that’s the ‘ceiling’ to break out of. Today it pretty clearly broke out. I was gonna post earlier, “just wait ‘til the close”...because this it what it often looks like intraday.Yep, good call on $600.
Let's hope you're right on the track to $800.
That easily explains the influx and recent price action. Broadly speaking, ‘chip shortage’ is common knowledge and many will chase and support recent recommendations and upgrades.There's a big change in earnings expectations with TSMC deciding to spend 100B over three years vs 75B that was previously communicated.