Popular-Pollution-29
Popular-Pollution-29 t1_iuhrcpe wrote
Reply to comment by [deleted] in Indian Investments from USA in future by datastoner
Their government will pass a law after a US company buys out a Indian company just to make that investment worthless. They do this all the time to keep US tech and retail companies out.
Their middle class can grow but I fear at the cost of corporate profits.
Popular-Pollution-29 t1_iuhoe3e wrote
Reply to comment by BleachedTaint in Why aren't people buying energy stocks? by InterestingHurry1834
I agree its a scam, but social security is a scam and its still there. Fully green will happen and everyone will just have to adjust.
Oil value will increase short term, less capex into the traditional energy sector. If oil companies don't see a future for reinvesting in the business, as an investor I see no future.
Popular-Pollution-29 t1_iuhmtag wrote
Reply to comment by BleachedTaint in Why aren't people buying energy stocks? by InterestingHurry1834
How am I wrong?
Popular-Pollution-29 t1_iuhmnwe wrote
Reply to comment by [deleted] in Indian Investments from USA in future by datastoner
And they'll still be poor as can be.
Popular-Pollution-29 t1_iuhb602 wrote
Reply to comment by linaustin5 in Why aren't people buying energy stocks? by InterestingHurry1834
Maybe so, but I got some skin in the game.
Popular-Pollution-29 t1_iuhaqep wrote
Reply to comment by Illustrious-Lock9458 in Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner
I seen some of his videos.
I bought a new chevy Cruze in 2016 for $14,500 out the door. Now that car is worth around $8,000 and a little over a hundred thousand miles on it. Was it better for me to buy that car new or used? Don't get me talking about my 2014 truck I bought new, I could sell it for more than what I bought it for.
A lot of the time it's better to buy a new vehicle at the right price.
Popular-Pollution-29 t1_iuh928q wrote
Reply to comment by Illustrious-Lock9458 in Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner
So you buy used cars?
Popular-Pollution-29 t1_iuh8js1 wrote
Oil isn't a long term investment, government is going fully green.
Popular-Pollution-29 t1_iuh88o4 wrote
Reply to comment by Illustrious-Lock9458 in Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner
Once before by a few thousand more than what I should have paid. Which might be a little better than you because I doubt you have ever bought a new car.
Popular-Pollution-29 t1_iuh6oww wrote
Reply to comment by Illustrious-Lock9458 in Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner
Don't give a news story. Give a sticker price at the dealership.
Popular-Pollution-29 t1_iuh2mil wrote
Reply to comment by Illustrious-Lock9458 in Recession-resistant stocks? Check AZO. CAGR >12% for last 10yr, +43% yoy, +125% last 2yr, +315% last 5yr by miataowner
If they sell the ev bolt for 28k I find it hard for them to sell an ev suv for 23k. Most people don't even know the difference between a crossover and a suv.
The electric car rebate isn't a refundable tax credit, and a good portion of people won't get anything for the rebate.
Popular-Pollution-29 t1_iuhw2r9 wrote
Reply to comment by [deleted] in Indian Investments from USA in future by datastoner
Walmart and Amazon didn't have a chance when they invested in Indian. Look into when WMT bought out flipkart. Then the Indian government passed a law to pretty much handicap Walmart and Amazon.
India is what brought down Enron, their loss in India is what they were hiding off their books.
To me any large company, specially non Indian company will have a hard time doing business in India. The Indian government doesn't like change, they fear anything that may cause social economical disruption.