Biden was worth like nothing, just collecting his senate salary all those years.
The book was in the past 4 years?
So up until about age 75 he was not rich at all lol.
Biden was worth like nothing, just collecting his senate salary all those years.
The book was in the past 4 years?
So up until about age 75 he was not rich at all lol.
Ghost of Igloi wrote:
“Oil is the idiot’s fuel—burning it is cheap and easy, and proven. And the world is mostly idiots. Nuclear is sophisticated and expensive, socio-infrastructurally speaking. Both oil and coal will be important throughout our lifetimes. Nat gas as well.“
One of my good running friends bought a used Nissan Leak. Installed solar panels on their house. The goal was to be carbon free. They admitted they will never recoup the costs as long as they live. Even though we have abundant water our power is largely derived from coal and natural gas plants in Wyoming. So much for being carbon free. Certainly social reason outweigh rational decisions in this instance.
Hmm, if they’re not to recoup the costs as long as they live, they must not be expecting to live that long or really bad with buying things. In Seattle, break even point for solar panels are about 6 years and that’s in Seattle where it’s cloudy and raining 3/4 of the year.
Nissan Leaf depreciates like a rock so if he bought used, it should’ve been super cheap where you break even with gas powered car at the time of purchase and start to save money on gas immediately.
Bummbull wrote:
Ghost of Igloi wrote:
“Oil is the idiot’s fuel—burning it is cheap and easy, and proven. And the world is mostly idiots. Nuclear is sophisticated and expensive, socio-infrastructurally speaking. Both oil and coal will be important throughout our lifetimes. Nat gas as well.“
One of my good running friends bought a used Nissan Leak. Installed solar panels on their house. The goal was to be carbon free. They admitted they will never recoup the costs as long as they live. Even though we have abundant water our power is largely derived from coal and natural gas plants in Wyoming. So much for being carbon free. Certainly social reason outweigh rational decisions in this instance.
Hmm, if they’re not to recoup the costs as long as they live, they must not be expecting to live that long or really bad with buying things. In Seattle, break even point for solar panels are about 6 years and that’s in Seattle where it’s cloudy and raining 3/4 of the year.
Nissan Leaf depreciates like a rock so if he bought used, it should’ve been super cheap where you break even with gas powered car at the time of purchase and start to save money on gas immediately.
“The following is a breakdown of the costs and savings when installing a 5 kW PV system in Idaho:
- Before incentives, the average upfront cost of a residential PV system is $21,000.
- The federal solar tax credit will take around $6,300 away from you net PV system cost. If you add the local tax credit for year one as well, this will rise to around $6,700.
- After the tax credits, your PV system cost drops to around $14,300.
- Assuming the savings over the first year will be close to $750, the net cash out of your pocket for year one is around $13,550.
- You can expect to get back your investment in around 15 years.”
^ “As of 2018, the median duration of homeownership in the U.S. is 13 years1. Compared to previous years, homeowners opt to spend more time holding onto their residences. Median tenure has increased by 3 years since 2008. Nevertheless, homeownership duration varies from area to area.”
Like profitability (viability) of TSLA, the economics don’t work without the tax credits.
Bummbull wrote:
Ghost of Igloi wrote:
“Oil is the idiot’s fuel—burning it is cheap and easy, and proven. And the world is mostly idiots. Nuclear is sophisticated and expensive, socio-infrastructurally speaking. Both oil and coal will be important throughout our lifetimes. Nat gas as well.“
One of my good running friends bought a used Nissan Leak. Installed solar panels on their house. The goal was to be carbon free. They admitted they will never recoup the costs as long as they live. Even though we have abundant water our power is largely derived from coal and natural gas plants in Wyoming. So much for being carbon free. Certainly social reason outweigh rational decisions in this instance.
Hmm, if they’re not to recoup the costs as long as they live, they must not be expecting to live that long or really bad with buying things. In Seattle, break even point for solar panels are about 6 years and that’s in Seattle where it’s cloudy and raining 3/4 of the year.
Nissan Leaf depreciates like a rock so if he bought used, it should’ve been super cheap where you break even with gas powered car at the time of purchase and start to save money on gas immediately.
funny - it' s not universal, but a lot of value guys gravitate to energy stocks. Not sure what that is. They seem to think that since they pull something tangible out of the ground, they are fundamentally sounder companies than tech or financials, which only produce ideas and thoughts.
I once had a client 'race' me against a hedge fund, for five years. It was mostly energy and still is. I'd read the fund's quarterly reports explaining how brilliant the energy investments were as they went nowhere and the rest of the market soared. Reading about how 'attractively' the shares were valued made me nauseated as shareholder value was destroyed year after year.
Ghost of Igloi wrote:
Bummbull wrote:
Hmm, if they’re not to recoup the costs as long as they live, they must not be expecting to live that long or really bad with buying things. In Seattle, break even point for solar panels are about 6 years and that’s in Seattle where it’s cloudy and raining 3/4 of the year.
Nissan Leaf depreciates like a rock so if he bought used, it should’ve been super cheap where you break even with gas powered car at the time of purchase and start to save money on gas immediately.
“The following is a breakdown of the costs and savings when installing a 5 kW PV system in Idaho:
- Before incentives, the average upfront cost of a residential PV system is $21,000.
- The federal solar tax credit will take around $6,300 away from you net PV system cost. If you add the local tax credit for year one as well, this will rise to around $6,700.
- After the tax credits, your PV system cost drops to around $14,300.
- Assuming the savings over the first year will be close to $750, the net cash out of your pocket for year one is around $13,550.
- You can expect to get back your investment in around 15 years.”
I guess our electric bill is much higher. Also, here, during summer months when solar panels generate surplus electricity, electric company will credit you so the annual electricity bill is substantially lower where you recoup the cost much quicker than 15 years.
I guess it was misleading when you stated that they will not recoup the cost as long as they live and then you throw in the fact that people don’t stay in the same house long enough. Lol
Yea, of course if they move prior to reaching the break even point, they won’t recoup the cost. Lol
It’s like saying I would never recoup the cost of refinancing in my lifetime. Then later stating that’s because I would move prior to reaching my break even point.
But you’re right about break even point being longer in places like Idaho where electricity bill is much lower compared to places like Seattle.
Hey Bumm, when I said I had nailed it in the past, I really did. Never had a period like this, ever.
A friend just texted me a ZH link with the title “The Shart of the Deal” ???????
Bummbull wrote:
Ghost of Igloi wrote:
“The following is a breakdown of the costs and savings when installing a 5 kW PV system in Idaho:
- Before incentives, the average upfront cost of a residential PV system is $21,000.
- The federal solar tax credit will take around $6,300 away from you net PV system cost. If you add the local tax credit for year one as well, this will rise to around $6,700.
- After the tax credits, your PV system cost drops to around $14,300.
- Assuming the savings over the first year will be close to $750, the net cash out of your pocket for year one is around $13,550.
- You can expect to get back your investment in around 15 years.”
I guess our electric bill is much higher. Also, here, during summer months when solar panels generate surplus electricity, electric company will credit you so the annual electricity bill is substantially lower where you recoup the cost much quicker than 15 years.
I guess it was misleading when you stated that they will not recoup the cost as long as they live and then you throw in the fact that people don’t stay in the same house long enough. Lol
Yea, of course if they move prior to reaching the break even point, they won’t recoup the cost. Lol
It’s like saying I would never recoup the cost of refinancing in my lifetime. Then later stating that’s because I would move prior to reaching my break even point.
But you’re right about break even point being longer in places like Idaho where electricity bill is much lower compared to places like Seattle.
“They admitted they will never recoup the costs as long as they live.“
Ghost of Igloi wrote:
Bummbull wrote:
I guess our electric bill is much higher. Also, here, during summer months when solar panels generate surplus electricity, electric company will credit you so the annual electricity bill is substantially lower where you recoup the cost much quicker than 15 years.
I guess it was misleading when you stated that they will not recoup the cost as long as they live and then you throw in the fact that people don’t stay in the same house long enough. Lol
Yea, of course if they move prior to reaching the break even point, they won’t recoup the cost. Lol
It’s like saying I would never recoup the cost of refinancing in my lifetime. Then later stating that’s because I would move prior to reaching my break even point.
But you’re right about break even point being longer in places like Idaho where electricity bill is much lower compared to places like Seattle.
“They admitted they will never recoup the costs as long as they live.“
The same might be said of the Hussman Strategic Growth Fund (HSGFX) ...
Sally Vix wrote:
Ghost of Igloi wrote:
“They admitted they will never recoup the costs as long as they live.“
The same might be said of the Hussman Strategic Growth Fund (HSGFX) ...
Kicking your sorry butt at up +15.27% year-to-date.
“The government offers homeowners significant incentives for installing solar panels as an alternate energy source. For example, a residential federal tax credit allows taxpayers to claim 26% of installation costs for systems placed in service by Dec. 31, 2020. The credit dwindles to 22% in 2021 and expires Dec. 31, 2021.“
Ghost of Igloi wrote:
Sally Vix wrote:
The same might be said of the Hussman Strategic Growth Fund (HSGFX) ...
Kicking your sorry butt at up +15.27% year-to-date.
And down 7% over the last 10 years and has lost 9 or last 10 years. The Dow is up like 400% in same time frame. Would yo rather be up 400% (Dow Jones) or down 7%(Hussman crap fund)? Even the dumbest of us can figure that out.
Sally Vix wrote:
Ghost of Igloi wrote:
Kicking your sorry butt at up +15.27% year-to-date.
And down 7% over the last 10 years and has lost 9 or last 10 years. The Dow is up like 400% in same time frame. Would yo rather be up 400% (Dow Jones) or down 7%(Hussman crap fund)? Even the dumbest of us can figure that out.
This is not pretty ... if you have a weak heart - please avert your eyes ...
https://finance.yahoo.com/quote/HSGFX/performance?p=HSGFXGhost of Igloi wrote:
Sally Vix wrote:
The same might be said of the Hussman Strategic Growth Fund (HSGFX) ...
Kicking your sorry butt at up +15.27% year-to-date.
That is showing a negative 3.4% return YTD.
Sally Vix wrote:
Ghost of Igloi wrote:
Kicking your sorry butt at up +15.27% year-to-date.
That is showing a negative 3.4% return YTD.
I think you need glasses.
Ghost of Igloi wrote:
Sally Vix wrote:
That is showing a negative 3.4% return YTD.
I think you need glasses.
What does this say? Year-to-Date Return-3.41%
Your source:
ReturnHSGFX
YTD13.78%
Dude, do the math yourself. The fund closed 2019 at 5.48/share closed 10/5 6.19/share.