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Stock Market/Investing/Day Trading/Speculative Trading Thread
- Thread starter That SOB Van Owen
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I laughed at the meme I saw where they had a Spirit Halloween sign draped over a building with “CNN+“ on it.
Looked exactly like every spirit Halloween store/pop up I’ve ever seen, which is why it made it so funny.
In all seriousness it’s a shame to see these cable/broadcast giants run by Boomers who have no idea what they are doing re: streaming.
Two good examples of this are NBC with Peacock and CBS dumping tons of money into creating/redesigning/rebranding their streaming service into Paramount+.
They pay tons of money to create streaming services out of thin air, building out websites and apps, cloud space and servers, credit processing info and security, etc etc just shit tons of cost. Especially since these 2 companies had virtually no current in house, so they had to poach middle and upper management positions from existing streaming services.
On top of these massive costs they lost money by pulling their content from all the other services to add into their own streaming service.
Totally antiquated thinking IMO. You should want your brand and IP owned content out there as much as possible on a variety of streaming platforms (Netflix, Hulu, Amazon, etc) so you can stack page view/video play count data to use as ammo when renegotiating for more money or have the other streaming services get in a bidding war for your content.
(Especially since most of your best earning IPs are older and your “cost” to produce or acquire them was long ago)
Pros: virtually no costs and steady revenue flow… but most importantly the increased visibility is almost innumerable.
Every video play with your watermark in the corner of the screen or your brand in the intro/outro is free advertising, especially since most of those views will be from younger Millennials and Generation Z who are not consuming your traditional content/do not have a history with your brand. (and obviously you want to always target younger audiences to build a customer base that is loyal or at minimum identifies your product/brand)
PS: if CBS/Paramounts show Yellowstone was on Netflix or Prime it would have already won so many awards and been a much MUCH bigger hit TV show than it already it. CBS execs are just retarding their own growth because they think they “have” to have their own streaming service. Idiots
PS PS: only slept 3 hours last night and I’m taking a huge coffee/adderall and nervous shit. Today, for the first time in 3 years, I am appearing in Court to represent somebody that’s not 1 of my businesses or a family member. Excited to suit up and run the damn ball again baby.
BingoDingo
Absolute Idiot
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That has to bea fake statistic, no? There is no way that is true...
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When you think about the incredible debt people take on in their 20s, it isn’t far-fetched. Still have big student loans, many buy houses, cars. I don’t find it that hard to believe, but hope it isn’t that bad. But by the time they are 30, a good percentage of Americans haven’t even started saving for retirement.
BingoDingo
Absolute Idiot
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I mean, all that is definitely true...but the average net worth for a 30 year old is definitely not negative. That's pretty far outside of any other source I looked at.
I do have to say that this conversation is really making me feel great about my net worth though...
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Me too!
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Here is what I found as of 2019...
How the fuck can you retire with 266k in net worth? That is basically a house, social security and a few bucks in the bank...
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A LOT of people basically just plan to live off social security in retirement. They don’t really have grand plans for retirement other than not working.
BingoDingo
Absolute Idiot
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Oh yeah, I can totally believe if median net worth was something crazy, but average net worth is way higher... definitely positive.
I did a program internship for the State of AZ back in college dealing with long term healthcare and was utterly shocked at seeing how fucking poor the average elderly person is...and how terrible most of their living conditions are...and how most of their family members don't give a shit. It's so depressing...
Cot dayum sumbitch! Us Olds are poor af. Have to barter toilet paper for my medicines (brand name for Nancy only).
Truthfully though, those olds are living it up getting their STDs from Tom and Jerry out in sun city west, standing in line for Red Robin. There are some areas out here in the west valley that definitely have poors(areas of buckeye south of the 10), Avondale for sure, parts of west PHX.
lookin at those stats make me happy I got the hell out of Colorado where the dollar doesn’t stretch like it does in AZ.
BingoDingo
Absolute Idiot
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Oh yeah, the folks down here in Sun Lakes are living fat...just cruising around on the golf carts and eating lunch at 11am on the dot. Think they are selling old people's organs in Mesa still though, so that's sad and all.
OOHHH YEAH those olds are somethin else. Entitled isn’t even the word, there has to be something else to describe them. Drunkasses on their golf carts at 10am swerving around traffic.
they are pretty much gone now for the summer, but those 6 months are sort of miserable for the community even though businesses thrive. Just give us your money and get out is the mindset lol.
Like riding a bike or making the wife orgasm, you never forget how to work a Judge.
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Did some buying lately....
$WAL - One of my biggest winners. Trimmed when it got to 100. Bought back in.
$DE - Added to my position today. Big winner for me.
$AZEK - Started new position.
$YETI - Started new position.
SWKS - Started new position.
Still carrying a lot of cash for me, but DCA back into the market now.
$WAL - One of my biggest winners. Trimmed when it got to 100. Bought back in.
$DE - Added to my position today. Big winner for me.
$AZEK - Started new position.
$YETI - Started new position.
SWKS - Started new position.
Still carrying a lot of cash for me, but DCA back into the market now.
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