moda0306 wrote: ↑Fri Jan 25, 2019 8:40 am
Now I'm leaning more towards some sort of base agribusiness direction built more on rice, beans, etc rather than on building it on the "value-add" of junk food producers.
Your priorities as an investor are going to have to be different from your priorities as a food consumer. Eat rice and beans but how are they ever going to make money? Coke, Pepsi and McDonald's recipe is to take dirt cheap, government-subsidized products (corn syrup, flavorings etc) and turn them into a brand that gets advertised very successfully as a solution to depression, lack of meaningful lives etc. People will happily pay a premium for that.
I couldn't quite bring myself to buy one of those, which is how I ended up picking HRL. I also considered Home Depot and Costco.
moda0306 wrote: ↑Fri Jan 25, 2019 8:40 am
Now I'm leaning more towards some sort of base agribusiness direction built more on rice, beans, etc rather than on building it on the "value-add" of junk food producers.
Your priorities as an investor are going to have to be different from your priorities as a food consumer. Eat rice and beans but how are they ever going to make money? Coke, Pepsi and McDonald's recipe is to take dirt cheap, government-subsidized products (corn syrup, flavorings etc) and turn them into a brand that gets advertised very successfully as a solution to depression, lack of meaningful lives etc. People will happily pay a premium for that.
I couldn't quite bring myself to buy one of those, which is how I ended up picking HRL. I also considered Home Depot and Costco.
moda0306 wrote: ↑Fri Jan 25, 2019 8:40 am
Now I'm leaning more towards some sort of base agribusiness direction built more on rice, beans, etc rather than on building it on the "value-add" of junk food producers.
Your priorities as an investor are going to have to be different from your priorities as a food consumer. Eat rice and beans but how are they ever going to make money? Coke, Pepsi and McDonald's recipe is to take dirt cheap, government-subsidized products (corn syrup, flavorings etc) and turn them into a brand that gets advertised very successfully as a solution to depression, lack of meaningful lives etc. People will happily pay a premium for that.
I couldn't quite bring myself to buy one of those, which is how I ended up picking HRL. I also considered Home Depot and Costco.
I followed you until HRL. Hormel is more healthful than Coke? Isn’t it just solid food instead of liquid, but with the same corn syrup? A fine stock, in any case.
Slightly :-) They do make things like pepperoni and Dinty Moore beef stew.
Not to criticize your holdings really...I wrote that just after a sentence about how just about any stock you buy in this category is somewhere between racing to the bottom and outright marketing food as a drug. If I really went with my conscience I'd have gone with Home Depot.
(as I'm nibbling on the last of my sour cream pancakes...yum.)
sophie wrote: ↑Sun Jan 27, 2019 9:54 am
Not to criticize your holdings really...
Hey, criticize away. We’re all guilty, all of us indexers. I own Diageo. And PM and Altria. I would buy JUUL if it were public, if I were still picking up indie stocks.
CVS dumped cigarettes and became CVS Health- but they still have those aisles of candy, as we’ve written.
And check your local CVS to see if they've jumped on the bandwagon of selling candies with CBD oil. My local grocery has them at the checkout register, at little kid height!! Geez!
I own Altria too, via my index funds. Yay. I'd say "YES" to your question for too many reasons to go into here. And yes...my two little obligate carnivores eat more and better meat than I do. I order raw food from a supplier in Maine. Who will never, ever have an IPO.
sophie wrote: ↑Sun Jan 27, 2019 3:39 pm
And yes...my two little obligate carnivores eat more and better meat than I do. I order raw food from a supplier in Maine. Who will never, ever have an IPO.
Cool. Is it Smalls? Probably not, I think Smalls is cooked.
sophie wrote: ↑Sun Jan 27, 2019 3:39 pm
And yes...my two little obligate carnivores eat more and better meat than I do. I order raw food from a supplier in Maine. Who will never, ever have an IPO.
Cool. Is it Smalls? Probably not, I think Smalls is cooked.
WeFeedRaw. My kitties especially recommend the rabbit.
Kriegsspiel wrote: ↑Sun Jan 27, 2019 8:34 am
Archer Daniels Midland look solid.
I owned that for a while. Don't remember why I sold. I also had John Deere, which I believe MediumTex suggested when I was looking for an agriculture play. Someone also mentioned the etf 'MOO', but I don't remember buying it.
sophie wrote: ↑Sun Jan 27, 2019 9:54 am
...
Not to criticize your holdings really...
I bought some individual corporate bonds, too. Just a sliver of a 1/1000th of a nibble, to see what it felt like. GE long-term bond and Google notes. (I remember MediumTEx commenting on the latter: "Why not just buy a ten-year treasury?")
So far, so good. I'm sure I got dinged on the price, but they're paying well. Of course, when GE went kablooey I no longer regretting not buying a bunch. I'll stick with VCIT for that.
I tried buying a corporate bond, when I was trying to think of something useful to do with Ally's investment account when they had that nice promotion going.
Between the $50 purchase fee and the fact that the interest is exposed to state/local taxes, it was not worth it. That bit of magic with Treasuries makes them hard to beat. Apart from I Bonds, treasuries are a better deal for me than a muni fund, CD, or Vanguard Prime. Except Ally's 5 year high yield CD, if it's held for at least 2 years. It's not quite fair to compare a 1 year T bill with a 5 year CD though.
sophie wrote: ↑Mon Feb 04, 2019 12:52 pm
I tried buying a corporate bond, when I was trying to think of something useful to do with Ally's investment account when they had that nice promotion going.
Between the $50 purchase fee and the fact that the interest is exposed to state/local taxes, it was not worth it.
A fine stock, in any case.