by Patrick ➕follow (55) 💰tip ignore
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Once the pandemic is over, we are meant to be heading for a new ‘Roaring Twenties’ as economies flare back to life: a re-run of The Great Gatsby era, but with less jazz and more Teslas. It is not impossible. But history suggests that a chaotic or catastrophic ending to the boom is more likely.
Just went by Fry's Electronics
"After nearly 36 years in business as the one-stop-shop and online resource for high-tech professionals across nine states and 31 stores, Fry’s Electronics, Inc. (“Fry’s” or “Company”), has made the difficult decision to shut down its operations and close its business permanently as a result of changes in the retail industry and the challenges posed by the Covid-19 pandemic."
I’m nervous about it because I’m greedy and I want another $500,000 of net worth before 2022.
People who have cash to invest are usually choosing between bonds or stocks; today stocks are more attractive than they were when interest rates were high.
I’m nervous about it because I’m greedy and I want another $500,000 of net worth before 2022.
We should just ignore the whole damn thing except for keeping the elderly isolated, and the whole problem just goes away.
I rolled the dice with a few stocks and made a bundle;
Best Investors Are Dead: Fidelity Study
NOVEMBER 27, 2019 ALEX SMITH INVESTING
Fidelity noted an internal performance review on accounts to determine which type of investors received the best returns between 2003 and 2013. The customer account audit revealed that the best investors are dead or inactive.
The inactive investors were people who switched jobs and “forgot” about an old 401(k).
I also think that men are biologically programmed in an "all or nothing" mindset that promotes gambling and grandiosity, primarily in order to afford access to women and reproduction.
Just went by Fry's Electronics
"After nearly 36 years in business as the one-stop-shop and online resource for high-tech professionals across nine states and 31 stores, Fry’s Electronics, Inc. (“Fry’s” or “Company”), has made the difficult decision to shut down its operations and close its business permanently as a result of changes in the retail industry and the challenges posed by the Covid-19 pandemic."
The Fry's in Phoenix by our house was always super empty despite occupying a huge space. Was always kind of surreal shopping there..
The Fry's in Phoenix by our house was always super empty despite occupying a huge space. Was always kind of surreal shopping there..
Too bad. I always liked Frys and shopped there for many years.
Last time I was in there (Concord Fry's) the employees couldn't even tell you where to find USB cords.
It’s so much money that, for just the second time ever, the state is projected to trigger a state law requiring the government to send refunds to taxpayers.
It’s so much money that, for just the second time ever, the state is projected to trigger a state law requiring the government to send refunds to taxpayers.
The Fry's ... was always super empty despite occupying a huge space
I wonder how the Simon Group is doing.
I was just out there in Anthem last week. Drove by a Fry's. Not sure exactly where as we did 4 courses, well 3 were in civilization. I think along Cave Creek highway? Might have been Anthem? Was drinking and golfing (not driving myself). Either way, empty parking lot.
I recently discovered they also had a Fry's grocery store in AZ, which was actually pretty nice.
A year ago, they bought one of their biggest tenants, Forever 21, out in bankruptcy. The deal closed during the opening stages of the whole Coronavirus thing, imagine the buyer's remorse now.
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