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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Winfastorlose who wrote (8087)	1/23/2020 12:17:38 AM
From: Kirk ©	2 Recommendations Recommended By beagle57 robert b furman Read Replies (1) \| Respond to of 26709

SBUX IS overprice coffee and a waste of resources. It started out as a great idea as a place for friends to gather, chat, have a non alcoholic beverage, enjoy free wifi, etc... but then it became a sugar plus caffeine addiction charging station with energy spent on maximizing throughput for corporate profits. I buy their French Roast beans at Costco and brew my own then get the rewards for a free sandwich now and then... about the only thing worse for the environment is those K-cups and similar "single serving" packages.... So.... I like the news but could never justify buying the stock due to valuation but I should have at the beginning when I was complaining to a buddy there were no good places to hang out that didn't serve alcohol as we looked at a new SBUX in town and all we saw was over priced coffee with a pretentious naming system.

To: Winfastorlose who wrote (8087)	1/27/2020 1:20:11 PM
From: Kirk ©	6 Recommendations Recommended By 3bar berniel dan6 John Koligman mary-ally-smith and 1 more member Read Replies (1) \| Respond to of 26709

It looks like I'm tied for 3rd place for the past year's timing at Timer Digest. The bull has been so strong that usually anyone that tries to pick up quarters in front of the steamroller have been crushed. I read a lot of nonsense about how some use stops but I've spoken to a few paid money managers (who are allowed to trade funds because the SEC didn't ban them for churning accounts and other nefarious deeds) and they usually resort to saying they have better "risk adjusted returns" if you can get them to give you their managed returns. When I counter with something like "what about just lowering asset allocation to stocks to reduce risk and save on the fees".... and the discussion can end or what Cramer did after I started tweeting to him "why bother"... switch his marketing to a club rather than portfolio performance. The truth is a 31% up market made a lot of under performers look great last year. Wall Street is FILLED with big firms that have done it for generations... extracting fees from chumps who didn't know enough or did not have access to index funds. I think the number of us who've actually gone on the record and added value for over 20 years is quite small.