Am just talking out loud...That one Fed policy maker really spooked the market today. I think everyone was looking hard at their balance sheets!!
Yeah, everyone has talked about higher interest rates for years...It's just, this one seems real this time.
I'll share two stocks and one mutual fund I own. Rip if you want...These are long term investments. They are out there in the lending markets...They are not going to like what they see. They may have to rethink expansion...How it will look.
The first is EVGO. They make charging stations. They are small, but are growing. They have made contracts for future charging with Toyota and Subaru...Not chopped liver. It's easy to expand with cheap capital...Maybe not now.
Next is UBER...They are built out a bit more than others. But, I am sure stock options and debt will be occurring at the worst time possible for them!! But, many people may rethink their driving habits and more trips could push this stock higher. I think this stock was hit by the possible cash squeeze rather than their business model.
The last one I own is ARKQ...I still have made money on this one. But in their portfolio (aside from Tesla), most of their stocks are interest sensitive. You could have the best ideas and business plan out there. But, when interest rates rise, the sky looks like it's falling!! Even Tesla has to expand their service centers here and around the world.
Yeah, an old guy rambling. But, I was around in 1979. If you were a business, you would go to your bank and accept at 18-21% short term rate for your payroll and expenses!! Forget expansion...It was survival.
Yeah, everyone has talked about higher interest rates for years...It's just, this one seems real this time.
I'll share two stocks and one mutual fund I own. Rip if you want...These are long term investments. They are out there in the lending markets...They are not going to like what they see. They may have to rethink expansion...How it will look.
The first is EVGO. They make charging stations. They are small, but are growing. They have made contracts for future charging with Toyota and Subaru...Not chopped liver. It's easy to expand with cheap capital...Maybe not now.
Next is UBER...They are built out a bit more than others. But, I am sure stock options and debt will be occurring at the worst time possible for them!! But, many people may rethink their driving habits and more trips could push this stock higher. I think this stock was hit by the possible cash squeeze rather than their business model.
The last one I own is ARKQ...I still have made money on this one. But in their portfolio (aside from Tesla), most of their stocks are interest sensitive. You could have the best ideas and business plan out there. But, when interest rates rise, the sky looks like it's falling!! Even Tesla has to expand their service centers here and around the world.
Yeah, an old guy rambling. But, I was around in 1979. If you were a business, you would go to your bank and accept at 18-21% short term rate for your payroll and expenses!! Forget expansion...It was survival.
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