OT: The Thread About NaDa Thing 198 The Summer Edition

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GhostofKenKlee

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I'm the guy who loses $100 at the casino and thinks of the fun stuff he could have bought with it. I hate losing my money, but I'm not totally afraid to take a chance with it.

That's cool.. get yourself a discount brokerage account and test it out. At least sock money in your IRA (never too early).

Than buy some pseg/verizon utilities at least.

Or go with the Peter Lynch, buy items in your medicine cabinet/cupboard.

Some people get the same rush from gambling as they do from trading.

But you seem like a young guy and you have time on your side to alleviate any drops.

I'm a huge believer in companies with cash flow and strong branding. SBUX, Whole Foods (which is getting killed). Not really a tech guy, but I trace that back to the dot.com burst years ago. I know tech is different and I've possibly missed a boat load on AAPL.
 

BenedictGomez

Corsi is GROSSLY overrated
Oct 11, 2007
40,436
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I believe this is the most aggressive late-day sell-off I've ever seen.

latedaycrush.png
 

GhostofKenKlee

Guest
Last night some of the markets look like they were strong on Bloomberg. It ended not well, I saw some crazy dow futures. This is whacked...
 

BenedictGomez

Corsi is GROSSLY overrated
Oct 11, 2007
40,436
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So this Jet.com is intentionally losing millions, but it's great for consumers. This is such a no-brainer with the first year being free (Code: CURISMA when you create an account and you get 1 year free), it's amazing everyone in the country isn't using them at least for the free year.

PM me if you want to place an order and I'll send you a code for $15 off your first order, which also credits me $15 for "referral". I have never seen savings like this in my life, Amazon is fairly cheap, and they're killing Amazon's prices by like 6% to 15%. This company is either genius or moronic, but either way you should take advantage of the whopping $220 Million that Goldman Sachs, Google Ventures, and large private equity shops handed them!

If they succeed, they will become a household name for years to come. If they fail, they will become an MBA case study in business model failures for years to come. One biz writer I read who thinks Jet will ultimately go bankrupt, called it, "redistribution of wealth from Wall Street to the American consumer". LOL
 
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tr83

Nope, still embarassed
Oct 14, 2013
14,602
3,693
Jersey Shore
So this Jet.com is intentionally losing millions, but it's great for consumers. This is such a no-brainer with the first year being free (Code: CURISMA when you create an account and you get 1 year free), it's amazing everyone in the country isn't using them at least for the free year.

PM me if you want to place an order and I'll send you a code for $15 off your first order, which also credits me $15 for "referral". I have never seen savings like this in my life, Amazon is fairly cheap, and they're killing Amazon's prices by like 6% to 15%. This company is either genius or moronic, but either way you should take advantage of the whopping $220 Million that Goldman Sachs, Google Ventures, and large private equity shops handed them!

If they succeed, they will become a household name for years to come. If they fail, they will become an MBA case study in business model failures for years to come. One biz writer I read who thinks Jet will ultimately go bankrupt, called it, "redistribution of wealth from Wall Street to the American consumer". LOL

I've never heard of it. But it seems legit.

The owner of this site must be a snake oil salesman. He says he will sell products at cost if he has them, take 10-15% hit on products he doesn't have, and make money on membership fees? If he wants 15 million customers at $50/yr, he's only going to make $750M/yr. And he's going to go head-to-head against Amazon, Costco, AND Walmart on pricing? The combined market cap of those three companies is almost $700B. LULZ! He can't make money like this. Goldman, Alibaba, and Google are obviously eating it up but they aren't going to like that return on investment too much. This seems to be nothing more than an aggregator.

I can't wait to see how much he's charged to ship items because that's part of the price too. This 12 pack of Zebra Sarasa pens is $.50/dozen, but shipping is $17.99. You save $16 off retail. Or some **** like that.

I have a feeling he's trying to create hype to get Amazon to buy him out, return some extra cash to those investors, and pocket the rest. It's claimed by business writers that his site is worth $3B??????!!!!! Pets.com much?

Good luck because I read that getting those items you ordered are next to impossible.
 

Colin226

NJ Devils STH
Jan 14, 2011
6,936
2,234
Central NJ
That's cool.. get yourself a discount brokerage account and test it out. At least sock money in your IRA (never too early).

Than buy some pseg/verizon utilities at least.

Or go with the Peter Lynch, buy items in your medicine cabinet/cupboard.

Some people get the same rush from gambling as they do from trading.

But you seem like a young guy and you have time on your side to alleviate any drops.

I'm a huge believer in companies with cash flow and strong branding. SBUX, Whole Foods (which is getting killed). Not really a tech guy, but I trace that back to the dot.com burst years ago. I know tech is different and I've possibly missed a boat load on AAPL.

Thanks for the tips! I really do need to just dip my toe in the water and see how I like it.

Already have a decent amount in the Roth and my company does a good match for 401k. I almost feel like I might be putting too much in retirement savings so I'll have to block some time soon and figure things out. But it is amazing to me how many young people in my office put next to nothing in retirement savings and assume "I'll be able to save more later in life. I need this now." My feeling is I should be saving as much as possible, within reason to still have some fun, before I have kids.
 

BenedictGomez

Corsi is GROSSLY overrated
Oct 11, 2007
40,436
7,745
PRNJ
The owner of this site must be a snake oil salesman. He says he will sell products at cost if he has them, take 10-15% hit on products he doesn't have, and make money on membership fees? If he wants 15 million customers at $50/yr, he's only going to make $750M/yr. And he's going to go head-to-head against Amazon, Costco, AND Walmart on pricing? The combined market cap of those three companies is almost $700B. LULZ!

I'm in the minority in that I think he's going to succeed, and if it does, it's going to be the next great American company. It's all a battle against the clock versus his cash burn. His $20B five year top-line projection is BS, but that's just the game CEOs have to play.

In terms of the service though? I'm serious - there is no reason why every American consumer shouldn't be buying their consumer staples (soap, tuna fish, potato chips, toilet paper, saline solution, cleaning products etc...) and other items on Jet.com for at least the next year. It's free, and the prices are KILLING Amazon, Walmart, and local grocery store prices. I've saved my gf an I a ****load of money on just my first two orders.

Not only that, but the crazy thing is you can save through Jet when you buy on OTHER websites too, because they give the click-through referral commission that websites usually earn BACK to you the Jet member! Innovative as hell. Here's an example......... I bought rotors and brake pads on Advanced Auto Parts the other day, after first visiting Jet.com. I used an online AAP coupon for 20% off, AND I earned Jet's click-through commission of 6.4% of the sale, which was $4.50. Net/net, I paid less than $70 for brake pads and rotors, and that's AFTER tax!


I almost feel like I might be putting too much in retirement savings so I'll have to block some time soon and figure things out.

You're not. Trust me; you're not. Keep doing what you're doing.
 

GhostofKenKlee

Guest
jet.com is actually jersey based. There is a good article about him on bloomberg.

http://www.bloomberg.com/news/featu...-mans-company-now-hes-coming-for-them-correct

He's smart if he sticks to items without sizing and are staples. What is killing Amazon or any e-commerce is the returns for sizing and what not. However, I see his consumer goods collection is very meager and it could be because he's ramping up and or trying to find vendors to fit into his puzzle still.
 

BenedictGomez

Corsi is GROSSLY overrated
Oct 11, 2007
40,436
7,745
PRNJ
He's smart if he sticks to items without sizing and are staples. What is killing Amazon or any e-commerce is the returns for sizing and what not. However, I see his consumer goods collection is very meager and it could be because he's ramping up and or trying to find vendors to fit into his puzzle still.

That's exactly what it is, and this is people's #1 criticism so far, that selection isn't great. But this is shortsighted IMO, as Rome wasnt built in a day, and in 1996 it's not like AMZN's selection was great either.

But given everything they do have for sale is likely the cheapest price you're going to find, what I do is just search for a bunch of things, and I don't place my order until I hit the free shipping bogey, which is $35 BEFORE savings, meaning it's likely more like $25 or $28 worth of stuff to get free shipping.
 

GhostofKenKlee

Guest
Anywhere where I have had a home and FIOS was available, them over Comcast/Cablevision. It is a way better product and a slightly better price and the internet and interface is preferrable. Problem is the availilbity, but you can by law "test" both services for less than 30 days.


$400.00 gift card for signing up, not a bad deal.
 

goonybird

Young boy expert
Jul 9, 2015
4,766
3,238
@lukester

05L_tracks_latest.png


Looks like it is curling up + will hit hurricane strength right around where it hits florida. Not exactly sure how this'll play out (I'm jusjt an enthusiaste) but it could hit the northeast with reasonable strength.
 

BenedictGomez

Corsi is GROSSLY overrated
Oct 11, 2007
40,436
7,745
PRNJ
Haven't seen Jim post in eons, was wondering what park he got yesterday. Maybe he finally moved to Wyoming and is building a log cabin 40 miles from the nearest town.
 

Devils Dominion

Now we Plummet
Feb 16, 2007
48,509
3,716
NJ
@lukester

05L_tracks_latest.png


Looks like it is curling up + will hit hurricane strength right around where it hits florida. Not exactly sure how this'll play out (I'm jusjt an enthusiaste) but it could hit the northeast with reasonable strength.

What day would it most likely hit NJ, next Friday?
 

BenedictGomez

Corsi is GROSSLY overrated
Oct 11, 2007
40,436
7,745
PRNJ
What day would it most likely hit NJ, next Friday?

Good lord, I didnt realize how nasty this thing might get until I just ran the Canadian model. Just one model, but verbatim to it, it would probably start drizzing Wednesday around 10am'ish, and pretty much not stop raining through Sunday.

The good news, is, that's by far the worst case scenario of all the models, and the outlier (i.e. unlikely to happen).

The GFS (which is what most of your news uses) looks unorganized after the initial impact down south and bumps east, so it wouldnt impact us much.
 

goonybird

Young boy expert
Jul 9, 2015
4,766
3,238
I thought El Nino was supposed to be the hurricane killer? Doesn't seem to be a whole lot of difference yet...
 
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