@indexnforgetit this is part of the problem
I think i can safely speak for most americans when i posit that they would love to be able to buy the same 1500 sq ft house as they could in 1960-70 & would be willing to pay a higher rate/sq ft than they did back then to get it
@Cap_Competent careful here. I love that approach in a retirement account but in a taxable account, having to pay cap gains if you were to get called, may not be worth the boost you get from the premiums
@GuyTalksFinance true, over 20-30 years. saving $600/mo when you're just starting out is hard.
you'll naturally do less early on & need to catch up in your prime earnings years
Mercado Libre ($MELI) has one hell of a business. I want to buy but the risks are just too much IMO
would you invest in $MELI?
latin america consumer loan & credit card debt
currency rate fluctuations
Balance sheet full of accruals
they're rolling their debt over every year (?)
@RegulatedLegacy I estimate that $MELI about fairly valued right now but given it's risks i'm gonna need a large margin of safety. i'll be interested in the $1,800-2,000 range
@RegulatedLegacy Don't get me wrong, I think $MELI is a great company. I really like the synergies that they're creating across their organization, but there's more to investing than just growth. Risk and valuation are also important parts of the equation.
@RegulatedLegacy Also, they have to compete with the likes of $AMZN, $BABA, & the fintech payment companies. On the other hand, $LULU is competing with $NKE, under armor, & viore & you don't factor all that in because their growing revenues at 30%?