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Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 9:22 pm
by Shirley
lobster wrote: Thu Feb 27, 2020 9:17 pm
Feral wrote: Thu Feb 27, 2020 9:03 pm It was a joke, Grandma.

I have no way of knowing, but I don't believe lobster when he says that he and his wife cornered the surgical mask market back in January.

But, I could be wrong, and he can post his brokerage account statement and prove it.
lol, you wouldn't believe me if I said the sky was blue. My wife is Chinese and the Chinese knew about the demand for masks far before you or most Americans did. We made some good coin with her relatives in China, I'll leave it at that.
It would be easier to believe if we could see the brokerage statement(s).

I'll leave it at that.

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 9:24 pm
by Deleted User 104
It's not in or brokerage accounts. Chinese know smarter ways to pay people.

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 9:26 pm
by Deleted User 62
lobster wrote: Thu Feb 27, 2020 9:21 pm If anyone really wants to get ahead of most people, put some of your portfolio into gold (precious metal) mutual funds. When the recession hits, this will at least protect some of your purchasing power in case the dollar loses value from QE.
Financial advice from the surgical mask king of the west coast!

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 9:33 pm
by Deleted User 104
Image

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 9:35 pm
by Shirley
lobster wrote: Thu Feb 27, 2020 9:24 pm It's not in or brokerage accounts. Chinese know smarter ways to pay people.
Oh, OK, I'm convinced.

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 9:39 pm
by Deleted User 104
There's always huge opportunity when there's a crisis, you just have to be intelligent enough to take advantage, and that's the problem. You still have opportunity to make some money, but you're not going to make 50,000 like we did.

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 9:44 pm
by Shirley
lobster wrote: Thu Feb 27, 2020 9:39 pm There's always huge opportunity when there's a crisis, you just have to be intelligent enough to take advantage, and that's the problem. You still have opportunity to make some money, but you're not going to make 50,000 like we did.
That's so convincing, I'm beginning to question my own judgement.

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 9:56 pm
by Deleted User 104
It hurts that you weren't intelligent enough to take advantage. So glad I married an intelligent woman. :D

Not surprised, as I recall you didn't start investing until your 60's.

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 10:01 pm
by Deleted User 62
lobster wrote: Thu Feb 27, 2020 9:56 pm It hurts that you weren't intelligent enough to take advantage. So glad I married an intelligent woman. :D

Not surprised, as I recall you didn't start investing until your 60's.
Holy fuck. You must be nearing your first billion....

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 10:14 pm
by Geezer
smh

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 10:40 pm
by TDub
I have like 150 N95 masks that I have stockpiled for work use when needed for me or the crew Am I a millionaire now?!? This is exciting.

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 10:47 pm
by Deleted User 89
TDub wrote: Thu Feb 27, 2020 10:40 pm I have like 150 N95 masks that I have stockpiled for work use when needed for me or the crew Am I a millionaire now?!? This is exciting.
only if you sell them to family in china

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 10:48 pm
by Shirley
lobster wrote: Thu Feb 27, 2020 9:56 pm It hurts that you weren't intelligent enough to take advantage. So glad I married an intelligent woman. :D

Not surprised, as I recall you didn't start investing until your 60's.
If your claim that "I married an intelligent woman" is as accurate as the rest of your post, she must have significant mental challenges.

My heart goes out to you, and her.

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 10:50 pm
by TDub
TraditionKU wrote: Thu Feb 27, 2020 10:47 pm
TDub wrote: Thu Feb 27, 2020 10:40 pm I have like 150 N95 masks that I have stockpiled for work use when needed for me or the crew Am I a millionaire now?!? This is exciting.
only if you sell them to family in china
Maybe squiddy can hook me up with some connectx

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 10:52 pm
by PhDhawk
lobster wrote: Thu Feb 27, 2020 9:56 pm It hurts that you weren't intelligent enough to take advantage. So glad I married an intelligent woman. :D

Not surprised, as I recall you didn't start investing until your 60's.
Not long ago you couldn't afford a refrigerator and your car was being towed.

Now you're warren buffett giving out financial advice. Good for you.

Buy low sell high.

Re: why the greatest economy ever...

Posted: Thu Feb 27, 2020 10:56 pm
by Shirley
Hey lobster, with the VIX higher than it's been in 9 years, is it safe to assume that we'd be following you and your wife's lead to sell puts to collect premium?

Any chance that you'd share what strike and expiration date you're selling on the SPY?

tia


Re: why the greatest economy ever...

Posted: Fri Feb 28, 2020 6:13 am
by Deleted User 289
lobster wrote: Thu Feb 27, 2020 9:17 pm
Feral wrote: Thu Feb 27, 2020 9:03 pm It was a joke, Grandma.

I have no way of knowing, but I don't believe lobster when he says that he and his wife cornered the surgical mask market back in January.

But, I could be wrong, and he can post his brokerage account statement and prove it.
lol, you wouldn't believe me if I said the sky was blue. My wife is Chinese and the Chinese knew about the demand for masks far before you or most Americans did. We made some good coin with her relatives in China, I'll leave it at that.
Feral - I apologize! My post was directed at lobster.
I know you're smart.
Ever hear of the phrase, hungry men speak of food? Reminds me of lobster. The poster on this site, not the actual food/crustacean.

Lobster - Hmmmm.
Right now the sky is gray so you're right, I wouldn't believe you if you told me the sky is blue.
I do believe that your wife is Chinese. Perhaps the Chinese as a whole knew about the the demand for masks before I did. Although, my co-workers in our Beijing office were pretty in tune and let me know about it a while ago. We in the Chicago office actually sent a bunch of masks to our various Asian offices - without feeling a need to profit from doing as such. In fact, we didn't charge them anything. You're making me feel as if we are morons for not making money off of them.

As far as your making "good coin", I would love for you to come in to our Chicago office and speak with our analysts and help advise them on where we should be investing our 58 billion in assets - besides in gold and surgical masks. If you shared your portfolio with them and showed them how successful you've been as an investor they just might hire you to be an advisor and a money manager.

I'm curious as to whom (if anyone) you have had to report your income from selling the masks and did your wife's family in China profit from selling masks you sold to them? If so, what if anything do they need to do in terms of reporting their income/profit from selling US "imported" goods?
Actually, I'm not really all that curious but I honestly don't know - do you have to report your sales and profit to the "authorities" in the US and China - if you all made the "good coin" you are alleging you made?

Re: why the greatest economy ever...

Posted: Fri Feb 28, 2020 7:25 am
by jhawks99
lobster wrote: Thu Feb 27, 2020 9:17 pm
Feral wrote: Thu Feb 27, 2020 9:03 pm It was a joke, Grandma.

I have no way of knowing, but I don't believe lobster when he says that he and his wife cornered the surgical mask market back in January.

But, I could be wrong, and he can post his brokerage account statement and prove it.
lol, you wouldn't believe me if I said the sky was blue. My wife is Chinese and the Chinese knew about the demand for masks far before you or most Americans did. We made some good coin with her relatives in China, I'll leave it at that.
You made good coin on your wife's relatives and your bragging about it because you think it's cool?

Re: why the greatest economy ever...

Posted: Fri Feb 28, 2020 7:29 am
by Shirley
I can't believe lobster's wife didn't give us a headsup, but I've no doubt they saw this coming, and I'm happy for them that their income stream is diversified:


Re: why the greatest economy ever...

Posted: Fri Feb 28, 2020 7:38 am
by Shirley
Grandma wrote: Fri Feb 28, 2020 6:13 am
lobster wrote: Thu Feb 27, 2020 9:17 pm
Feral wrote: Thu Feb 27, 2020 9:03 pm It was a joke, Grandma.

I have no way of knowing, but I don't believe lobster when he says that he and his wife cornered the surgical mask market back in January.

But, I could be wrong, and he can post his brokerage account statement and prove it.
lol, you wouldn't believe me if I said the sky was blue. My wife is Chinese and the Chinese knew about the demand for masks far before you or most Americans did. We made some good coin with her relatives in China, I'll leave it at that.
Feral - I apologize! My post was directed at lobster.
I know you're smart.
Ever hear of the phrase, hungry men speak of food? Reminds me of lobster. The poster on this site, not the actual food/crustacean.

Lobster - Hmmmm.
Right now the sky is gray so you're right, I wouldn't believe you if you told me the sky is blue.
I do believe that your wife is Chinese. Perhaps the Chinese as a whole knew about the the demand for masks before I did. Although, my co-workers in our Beijing office were pretty in tune and let me know about it a while ago. We in the Chicago office actually sent a bunch of masks to our various Asian offices - without feeling a need to profit from doing as such. In fact, we didn't charge them anything. You're making me feel as if we are morons for not making money off of them.

As far as your making "good coin", I would love for you to come in to our Chicago office and speak with our analysts and help advise them on where we should be investing our 58 billion in assets - besides in gold and surgical masks. If you shared your portfolio with them and showed them how successful you've been as an investor they just might hire you to be an advisor and a money manager.

I'm curious as to whom (if anyone) you have had to report your income from selling the masks and did your wife's family in China profit from selling masks you sold to them? If so, what if anything do they need to do in terms of reporting their income/profit from selling US "imported" goods?
Actually, I'm not really all that curious but I honestly don't know - do you have to report your sales and profit to the "authorities" in the US and China - if you all made the "good coin" you are alleging you made?
No prob Grandma. It's good of you to emphasize the humanitarian aspect of the COVID19 adventure we're watching and hoping not to become a part of.

It's none of my business and I'm not in any way trying to get you to say, but I have always been curious about where you work, and this makes me even curiouser.