SFace

Your whole life is summarized by the credit card you carry.

You have your debit card,
you have your no benefit credit card,
you have your gold, platinum and black card.

My old boss and father-in-law carries the Amex Black, which inspires me to work on the same. It says a lot about yourself and what you demand of yourself. Some poeple want surf and turf, some wants caviar and Foie Goie yet some just want a full stomach.

What do you want in your wallet?

joined 2009 Dec 2, 1:11pm   United States 72 posts   1,091 comments   follow SFace   ignore


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JCP
by SFace on 10 Jul 2013  119 comments, latest 2 years ago
This is a stock I have been following closely for a long time. Bought when Soros bought and sold before the last earning and made 40% in one month. I...

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using line of credit to buy now
by SFace on 24 Jun 2014  23 comments, latest 2 years ago
e-man, thoughts and what are you seeing with others with tremendous equity from their primary and can buy a place or two in cheaper areas with their line? Obviously the...

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10 reasons debunked #5
by SFace on 4 Aug 2014  28 comments, latest 4 years ago
"5.Because buyers used too much leverage. Leverage means using debt to amplify gain. Most people forget that debt amplifies losses as well. If a buyer puts 10% down and the...

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10 reasons debunked #3
by SFace on 4 Aug 2014  6 comments, latest 4 years ago
"3.Because it's a terrible time to buy when interest rates are low, like now. House prices rose as interest rates fell, and house prices will fall if interest rates rise...

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10 reasons debunked #2
by SFace on 4 Aug 2014  10 comments, latest 4 years ago
"2.Because it's usually still much cheaper to rent than to own the same size and quality house, in the same school district. In rich neighborhoods, annual rents are typically only...

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10 reasons debunked #1
by SFace on 4 Aug 2014  6 comments, latest 4 years ago
First one: "1.Because house prices are in expensive areas still dangerously high compared to incomes and rents. Banks say a safe mortgage is a maximum of 3 times the buyer's...

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Christie & Social security reform (finance.yahoo.com)
by SFace on 14 Apr 2015  Posted 4 years ago
"As part of the plan, he'll propose phasing out Social Security payments for those making more than $80,000 in other income and eliminating them for those making $200,000 or more...

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Oakland minimun wage
by SFace on 20 Feb 2015  Posted 5 years ago
On march 1, 2015, it would be the highest in the nation (for 60 days at least), at $12.25/hr. A whopping jump from $9. Let's see how that affects business...

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Long Apple
by SFace on 6 Sep 2013  69 comments, latest 5 years ago
Apple has been strangely quiet since iPhone 5. Everyone knows Sep-Dec is Apple domination quarter and for end of 2013 it will be especially plentiful. Here is what a lot...

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10 reasons debunked #9 (forbes.com)
by SFace on 4 Aug 2014  25 comments, latest 5 years ago
"Because boomers are retiring. There are 70 million Americans born between 1945-1960. One-third have zero retirement savings. The oldest are 66. The only money they have is equity in a...

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10 reasons debunked #4
by SFace on 4 Aug 2014  Posted 5 years ago
"4.Because buyers already borrowed too much money and cannot pay it back. They spent it on houses that are now worth less than the loans. This means most banks are...

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Doubled up on FB
by SFace on 25 Jul 2013  124 comments, latest 5 years ago
Love what they are doing with Mobile and they figured out how to put ads on a phone in a targeted and discreet way (as part of a feed.) Really,...

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My Experience with Lyft
by SFace on 19 Nov 2012  37 comments, latest 5 years ago
So me and my wife decided to try Lyft after a dinner night out at Mission District. (impossible to park) We loaded the the lyft app previously, posted the the...

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Stock picks March 13, 2014
by SFace on 13 Mar 2014  11 comments, latest 5 years ago
Added the following today Yahoo@ 37.23 I believe there is a place for Yahoo in mobile advertising dominated by Google and Facebook. Marissa is an ex Google so she knows...

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Short Groupon?
by SFace on 4 Nov 2011  25 comments, latest 6 years ago
I lot of people seems to think Groupon is spectacularly hyped, a company that adds little value relative to their valuation, which I generally agree. However, there's lots of interest...

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fertilizer Cartel WTF
by SFace on 2 Aug 2013  1 comment, latest 6 years ago
I was looking at the demise of Potash ("POT") Long story short, a key partner opt out of a price fixing cartel, apparently this has gone for a while Potash...

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Diamond Foods
by SFace on 21 May 2013  7 comments, latest 6 years ago
This is a stock that is being accumulated quietly. It's been on my radar as a San Francisco company and the accounting scandal that was strightened out last year. They...

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Famous consumer brands in America by state
by SFace on 27 Jun 2013  11 comments, latest 6 years ago
get off of interest rates, gold/bonds a little bit. Saw this neat map that shows the most recognizable brand coming from each respective states. Missing Hawaii, but I would think...

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Fiserv - Moody's Case-Shiller Forecast - SFBA
by SFace on 24 Feb 2012  134 comments, latest 6 years ago
Case-Shiller lags anywhere from 3-5 months at the field level., but... Companies (particurarly banks) pay a lot of money to access subscription services generated by Fiserv and Moody's. Their good...

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CA prop 13 and Step up basis is a lethal combination
by SFace on 5 Apr 2013  21 comments, latest 6 years ago
This is a real situation: A long-time San Francisco homeowner bought their house in the 70’s. 50K or so, property tax is less than 2K a year in 2013. Property...

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Silver Bay Realty Trust ("SBY") (seekingalpha.com)
by SFace on 4 Mar 2013  1 comment, latest 7 years ago
This is a great resource to understand what is happening at the investor level for single family homes. The metrics and items that matters are all discussed in the prepared...

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GOP will win round 3 of budget battle
by SFace on 19 Feb 2013  15 comments, latest 7 years ago
Round 1 - debt ceiling - dems win Round 2 - fiscal cliff - dems win Round 3 - Automatic cuts - GOP will win At this point, I don't...

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Why opening and utilziing a HELOC makes financial sense.
by SFace on 12 Feb 2013  28 comments, latest 7 years ago
A few topics center on HELOC as bad bad bad, I don’t see it. Sure, you can get in trouble, but the core reason makes a whole lot of sense....

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S&P Breakout, next Step
by SFace on 22 Jan 2013  7 comments, latest 7 years ago
It looks like with Google and IBM, tech will likely be up tommorow and likely take the S&P past 1500. It has broken out, despite a lot of Apple weakness....

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2192 Funston Ave (redfin.com)
by SFace on 13 Feb 2013  Posted 7 years ago
Here's an example of new build in San Francisco. 490K surrounding house are around 1M. This one 1.7M+, and it will get at least that price guaranteed probably 1.9M. http://www.redfin.com/CA/San-F...

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Do not buy a house using FHA - Too expensive (money.cnn.com)
by SFace on 31 Jan 2013  6 comments, latest 7 years ago
* Basically, FHA got slaughtered on loans from 2004-2008. If you are a FHA borrower prospectively, please don't do it, you will be slaughtered. * 1.75% upfront fee. What a...

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Double-digit rent hikes are on the way (marketwatch.com)
by SFace on 13 Jan 2011  54 comments, latest 7 years ago
This was pretty evident to me for a year (following the REIT industry) now, but here's the nugget of the story and something you should be aware of: http://www.marketwatch.com/sto "Apartment...

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5 years of work 4M retirement benefit for Public employee (sfgate.com)
by SFace on 18 Jan 2013  3 comments, latest 7 years ago
That's essentially how much a 230K annual bump to the pension is worth, based on reverse annuity. All done in 5 years and not a day more of government work....

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California deficit is gone (sfgate.com)
by SFace on 10 Jan 2013  7 comments, latest 7 years ago
http://www.sfgate.com/bayarea/ After 5 years, things are turning the corner, including state government budget deficit. A lot of people is going to give that strange grin, for good reasons. But this...

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27 dead, 20 gradeschool kids (sfgate.com)
by SFace on 14 Dec 2012  383 comments, latest 7 years ago
http://www.sfgate.com/news/cri WTF is wrong? This story is bothering me.#crime

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Sales commission based on sales price
by SFace on 18 Dec 2012  Posted 7 years ago
My colleague is selling his San Mateo home. It's a 3/2, basically sells itself. Any realtor would beg to have this account. In any case, we were brainstorming some ideas...

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The American Dream on Sale and SFH REITS (cache.dealbreaker.com)
by SFace on 16 Dec 2010  4 comments, latest 7 years ago
One of the giants in the finance world I admire is Bill Ackman from Pershing Square. They made several billion buying General Growth properties (GGP) around a buck in early...

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Why Apple shold annouce a special dividend a la Costco
by SFace on 28 Nov 2012  3 comments, latest 7 years ago
* Apple is a negative capital business. They don't need money to operate anyway. (The money are collected faster than having to pay their vendors and costs) * Anticipate dividends...

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Wells Fargo 20K Housing Grant Dec 7 and Dec 8 (time sensitive) (sfgate.com)
by SFace on 28 Nov 2012  6 comments, latest 7 years ago
I communicated this to my tenants, but here is something you should look into in case you don't know. It is time sensitive hrhjuliet, ECBB, etc. Get your paperwork together...

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My employer should have fired me for a chance to meet Zynga (allthingsd.com)
by SFace on 1 Dec 2011  15 comments, latest 7 years ago
Long story short, In 2009, many people were fired (among the 15M or so nationally) including some of my colleagues. Some of them end up joining Zynga which went from...

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How the tax situation will shake out from my perspective
by SFace on 13 Nov 2012  51 comments, latest 7 years ago
Most people don't realize that the bush tax cut will expire Jan 1, 2013. With Obama just newly re-elected and public sentiment, the rich will be soaked, the only question...

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CA has super Majority!
by SFace on 7 Nov 2012  31 comments, latest 7 years ago
Super majority in Lower house Super in Upper house Governor Brown for at least 2 more years. We'll see what the Dems have planned and what a fillibuster-less control will...

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Jobs are coming back!!! (dol.gov)
by SFace on 17 Feb 2012  158 comments, latest 8 years ago
Little have been said about the improving job situation. The commerce department reported about 243K new jobs created in January 2012, notwithstanding government layoffs. Furthermnore, unemployment claims appears to be...

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Companies in crisis are always great buys
by SFace on 8 Feb 2012  20 comments, latest 8 years ago
Over the last 10 years of observing the market, companies in short term crisis not related to the fundamentals of the business have always proof out to be great buys....

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Facebook Effect
by SFace on 27 Jan 2012  64 comments, latest 8 years ago
Reports of 100B valuation for Facebook sent everyone up: Look forward to the S-1. It will be an incredible read. RENN DANG LNDK GRPN All up
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