wien4ever

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About wien4ever

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  • Location Germany
  • Nationality USA
  • Gender Male

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  1. Buying a house without realtor

    In my area prices have been going up 9% per year since 2012, and I'm just in small town Southern Germany (3600/m2). It's crazy. And what you can buy often need lots of renovation and upgrades in heating/insulation due to all the environmental housing rules. You can buy a new Fertighaus but the hidden costs add up quickly (nebenkosten, soil tests,  basement, interiors, driveway/garage, etc) and you usually end up out in the boonies. Maybe less of a concern now with corona normalizing home office in the future. 
  2. Bitcoin - a decentralised digital currency

    Bitcoin can still go up, but so what. It's a big Ponzi scheme. The whales will sell when the right time comes.    First they said bitcoin was going to be used for microtransactions, how did that pan out?  Then they said, oh yeah, I guess if it costs the energy of heating a house for one year to record a transaction, maybe no microtransactions. How about we consider it like digital gold, a store of value?    Really, a store of value? What makes it valuable? Is it a commodity?  What can you make with it?  "It represents the energy used to produce the bitcoin from mining" OK, so can I release that energy? No? then what? And what is scarce about it if there are 7800+ cryptocurrencies , why does anybody stick with Bitcoin. It's like buying the iPhone 1 and expecting demand for it to never change while there is iPhone 20 coming out. What's going to stop people from dropping it and jumping to the next big thing?   Bitcoin and blockchain are revolutionary ideas, but something's not right here... 
  3. Tesla Gigafactories, News and Conversation

      btw - The music was still playing on the titanic. :D    
  4. Laws on clearing snow and liability

    My older neighbor lady hates the grit /small stones and told me to use salt. I guess she does not like the clean up in the spring of all those little stones. You just can't please everyone.
  5. Tesla Gigafactories, News and Conversation

      - Shorting Telsa is stupid (its a widow maker for shorters) - Shorting is for stock that people don't know is overvalued - everybody knows Tesla is overvalued   - It is pure fantasy that Tesla is going to dominate the EV market. - People who are in a bubble never are able to figure out that they are in a bubble , they will always rationalize the bubble   - Good luck grabbing a chair when the music stops... in the meantime, having fun dancing!   Link is set to time where he begins discussing it, if time skip doesn't work, then skip to 20:30    
  6. Tesla Gigafactories, News and Conversation

      Bwhahaha.. you'd have to be insane to short. Why? Because you have the power of the Federal Reserve behind it - ready to help pump up the stock market when needed. That's the only reason the market is up while Covid is going on. You got any other reasons why?    Never bet against the Federal Reserve! The only thing you can bet on is inflation.
  7. Tesla Gigafactories, News and Conversation

    All these "Stock geniuses" can thank the Federal Reserve. 
  8. Tesla Gigafactories, News and Conversation

    https://www.dailymail.co.uk/news/article-9082629/Tesla-valuable-worlds-seven-car-makers-combined-600bn.html Tesla is now more valuable that the world's top seven car makers combined at $615bn and is the biggest entrant to the S&P 500 EVER - but experts warn the stock is too high and could plummet at any moment Tesla joined the S&P 500 on Monday at $665 a share, making it the most valuable new entrant to the stock index ever The company is currently worth some $615bn - more than Ford, Honda, BMW, GM, Daimler, Volkswagen and Toyota combined  But analysts say the stock is in bubble territory and likely to burst at any minute Part of the reason is Apple's announcement earlier this week that it is producing its own self-driving car It is also likely to fall with the rest of the market amid fears over a new variant of COVID-19 Analysts are calling the stock 'dramatically overvalued'  
  9.   I agree that men should control themselves. No woman should get harrassed or sexually assaulted because of the way they dress.   However if the women get to wear tight fitting clothes then the men should be allowed to wear such clothes as well. And if a boner happens sometimes, well ladies, we're all adults right?    
  10. Tesla Gigafactories, News and Conversation

      They call it "investing" - but what it really is, is speculation. Yes it is possible to win big on speculation and it is possible to lose big too.
  11. Tesla Gigafactories, News and Conversation

    For the companies listed on the S&P 500, profits are down about 48 percent compared to last year.  But fundamentals do not seem to matter in the giant casino that Wall Street has become. Instead, the key is to create as much buzz and speculation around your company as possible.  In this type of environment, a mirage known as “Tesla” can be worth more than all of the other major automakers in the entire world combined… Anyone that believes that Tesla is actually worth 500 billion dollars is probably clinically insane. But of course there are hundreds of other big corporations that are wildly overvalued at the moment as well.
  12. Tesla Gigafactories, News and Conversation

    Young investors are inexperienced, have no point of reference, and are fueling the bubble. They actually think Bitcoin is a store of value (one guy said, it represents the energy used to make it - yeah and can you get that energy back out?).    Tesla unloaded 5 billion in stock to put it in the bank. The main reason is because it is not making cash selling cars, but from selling stocks.    Suppose Tesla stock were to double , it would be worth more than the entire automobile industry! That means the expectation is that 50% or more of the car market will be taken up by Tesla. Really? You think that is going to happen?   So then the question is, is Tesla overpriced, or the rest of the automobile market underpriced?   This is just a bubble driven by the Federal Reserve stimulus.  
  13. Tesla Gigafactories, News and Conversation

    https://schiffgold.com/peters-podcast/peter-schiff-its-the-biggest-bubble-ever/ Peter noted two stocks in particular that exemplify the surging stock market – Apple and Tesla. Apple is the most valuable company in the world based on market cap. Meanwhile, Tesla is the most valuable car company. Its market cap exceeds Toyota, Honda, Nissan, Daimler, BMW, GM and Ford combined. Peter said he doesn’t think anybody buying Tesla stock is really concerned about whether the company’s sales warrant that kind of stock valuation.
  14. I agree with MikeMelga's assessment. My own experience recently has taught me that I need to spend more time keeping an eye on things with my kids regarding schooling. Both  my kids are starting the 3rd year, and during the end of the 2nd year, the coronavirus threw a monkey wrench in their progress. We got the report cards and both my kids scored a 2 in Math and a 3 in German, which to me was bit dissappointing. I admit we did fumble several of the assignment due dates during coronavirus homeschooling (on the other hand, the teachers had no online meetings, and there were no clear instructions given on when things were due for the first two months! Only later they started to improve on instructions and the clarity of the handouts and we caught up). I have hired Nachhilfe this Summer to help them with some gaps in their German (e.g. Diktat). Their Math is really good and I'm puzzled by the 2 note, as their homework and tests are always 95-100% correct. My son is even the #2 player in the school chess team composed of all grades (1-4). Meanwhile a German kid we know and spend a lot of time with got 1's in Math and Deutsch, but I'm left scratching my head as this kid has behavioral problems (has a very short attention span - cannot occupy himself more than 5 mins on any activity), pinches my kids when he doesn't get his way, is constantly rude and pushy, and honestly cannot do Math in his head as fast as my kids. Of course his Deutsch will be better because he's speaking it 100% of the day. I also need to increase Deutsch at home - but it's hard though as we're handling three languages in the household (and they speak all three,including Deutsch, fluently).   In the States, as a migrant kid, from 4 years old I picked up English as a second language quickly and did very well in K-12 . My parents never had to help me with my homework. My mom didn't speak good English at the time and my dad was too busy working. It was clear that school was my "job" and I took pride in doing well (like a boy version of Lisa Simpson). So with my kids I took a mostly hands-off approach, but I'm seeing it is not working out. The problem for me is that my free time is limited and my wife is a homemaker but has a chronic illness and doesn't support them with school work (she knows only A level Deutsch). So I think I have to go the Nachhifle route - but my son gets upset that they lose summer vacation and free time and how unfair it is. My daughter is more easy going about it. Let's see how it goes between now and the end of the year...