Yeah, I could see that being an option; at least with charging providers offering some type of membership. However, that introduces adverse selection. You could for sure hedge your risk through forward derivatives. Also, I am not sure how large of a segment of the EV market would want such an offering. A large appeal to owning an EV is charging it at your house at a relatively cheap cost.
Yep......... But people are lazy / crazy... or both. Look at the cheap cost to prepare a healthy meal at home compared to going "Fast Food".....
Off the cuff... Because they know the ever increasing demand and lagging generation expansion will continue to push energy costs higher.
Your question:Lately, I’ve been putting the 10% of my 401K that goes into what I call my “Zombie Fund” (all commodities, mining, gold, etc.) into closed end trusts that only hold gold and silver. The gold and silver funds here: https://sprott.com/investment-strategies/physical-bullion-trusts/gold-and-silver/
Those two seem to be doing well, but other than not having the physical gold and silver in my hand, what am I missing?
Still have 90% of my 401K (max it out every year) going into traditional market-based funds plus my employer kicks in some in the form of company stock. Also have traditional and Roth IRAs that get funded every year, but not as much as I’d like.
Also make it a point to buy some physical silver or gold every month…sometimes only a few silver dollars, sometimes a few ounces of gold in whatever coin has the best marginal exchange rate; usually Canookian Maple Leaf coins for some reason, even though their gold content is among the highest in the world.
Have some investment property already (sold off all the rentals when I retired from the AF back in ‘15), so not keen to dive back into that pool.
Have invested a lot into alternative precious metals lately too…brass, lead, and copper in particular!
2023 is the year to "hold physical"....... Art work, vintage auto's, collectables, American Gold Eagles, tools, weapons, etc. Think outside the box of what you will consume this year. Buy a new set of tires for your car, bag them up and put them in the corner of your garage. Money in the bank. The "wait" for prices to come down could be 18 months long. A lot can happen during that time frame. The worst you could do is end up holding all the physical you hold today. Might not be a bad position.
Tesla owner a few streets over finally unloaded his S had it for sale for almost a year at least when I was aware of it could have been longer. I believe the ad said it would charge up to maybe 10%. Saw the tow truck picking it up, but I know he had been slashing the price forever. I've read where the batt replacement cost is north of $20k.
“A Little Neglect May Breed Great Mischief”
That sure isn't indicative of activity at my Costco. I have to find low times to go so it doesn't feel like black Friday. I think people are stocking up. About half the people I see look to be at least partially prepping food items and not be stocking a small business.
I've been a Costco member for 30+ years.... Been in their stores coast to coast. I not only pay attention to the presentations at the store but I take note of the "Class" of people shopping there. I also get Prescription Meds there... Never saw the "Food Stamp shoppers" there. Don't see anyone resembling the "Shoppers of Walmart" photos. This bounce could be a direct reflection of how / where the Upper Middle Class are procuring their supplies.
No idea don't know him other than say hello when I walk by. I would assume it was out of warranty give how long it took to unload it. Would be crazy to dump it for what he did if he could have had a new batt done under warranty.
I totally understand... I have that thought at renewal time. At this point in time the only thing that keeps me renewing is the Prescription Drug Department. Most old people never research what country their drugs are manufactured. I look at every one. Across the board (but not 100%) Costco supplies meds made in America, Canada and some other top rated countries. I can tell a difference on some of the meds I take. Walgreens, Walmart and some of the Mom and Pop Drug Stores bring in Prescription Meds made in India (Dr. Reedy's Lab,) or prescription meds made in China...
We keep it for the gas (by far the cheapest in our area), and we put almost every retail purchase on our Costco Visa; we earn pretty substantial cash back rewards every year as a result.
You are a young man...... Hang in there ......... In the blink of an eye, you will become "Old and Wise".
hornsdalepowerreserve.com.au
Here is what 600mw looks like...... And the size crew it takes to build it... Gas FiredThe Hornsdale Power Reserve is the world’s first big battery. It provides essential grid-support services.
The first 100MW/129MWh was completed in November 2017. In its first two years of operation the Hornsdale Power Reserve confirmed the benefits associated with grid-scale batteries in the National Electricity Market and saved South Australian consumers over $150 million.
Following this success, a 50MW/64.5MWh expansion was completed in September 2020. As part of the expansion the full 150MW is being upgraded to include Tesla’s Virtual Machine Mode, enabling the battery to provide inertia support services to the electricity grid.
Hornsdale Power Reserve - South Australia's Big Battery
The Hornsdale Power Reserve is the world’s first big battery. The first 100 MW saved SA consumers $150 million over two years. It was expanded by 50 MW in 2020.
*from what I have heard, they paid ~$70M USD
I don't think you have to be a member to order prescription drugs there. Unless it has changed, I used it for a while and was not a member.
fallacyalarm.substack.com
When a company is aggressively buying back it's own stock you can throw P/E out the window.What is a fair P/E ratio for Tesla?
Earnings growth and earnings resilience
To read later today
www.linkedin.com
These two sure overlap on a lot of things. Makes me wonder.
www.opensecrets.org
www.opensecrets.org
