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Old 04-08-2020, 07:55 AM
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Originally Posted by sway21 View Post
I will say I worked strictly from home for 2 years as a project engineer.
Pros
-no commute! This is a great one for a lot of people I think. You save money on gas, mileage on vehicle, and can have an extra 1-2 hours a day of time for yourself and family. This is the biggest PRO I think from an employee perspective.

-flexibility. I could go out and run errands on an extended lunch break (or go hit some golf balls for 30 minutes, go work out, etc) and work a little later in the day to make up as needed. But this is variable on your industry as my job was more get the work done versus being available during a set time schedule like a 9-5. My son was a new born at home with my wife and being at home was truly priceless and a big fringe benefit for me.

-lack of those 'dumb' meetings. You know nothing is worse then being dragged into a spur of the moment meeting for 1 hour and literally nothing gets accomplished and it ruins the flow of your day.

Cons - At first not many as the idea was fun and new, but I think over time certain people become less productive due to poor management and human nature.
-Lack of face to face interaction. I'm as social guy, I enjoy talking to people and seeing people and grabbing lunch here and there with the co workers. Working STRICTLY from home wears that segment of your mentality down over time and can be depressing and lonely. I think achieving some sort of balance where a coffee meeting with your boss/employees, or meeting at a job site is a huge moral booster.

-Teaching/Training. I found it harder to train someone or collaborate on a project via the web versus a face to face meeting. But at the time things like ZOOM and such were not as easy to do so I think that is changing.

-Not being able to shutdown 'work'. You know when that computer is sitting there you always think about work. "Maybe I should check me emails before bed" Things like this can be bad for your mentality and relationships. You have to learn to shut it down and some people are incapable of this.

Anyone use a good cloud based Project Management application? I used something called TRELLO for a time and found it to be decent. I would love to hear if anyone can share a good product they use to manage projects and people.
depends what you want it for. There are lots of tools, and some a great for certain tasks and environments.

trello is okay, but it's pretty fluid. It's easy, but it's also easy to be lax with. Todoist is great for simple task oriented stuff and it's well supported across many platforms.

if you're managing sales people or a pipeline, pipedrive is easy, and integrates well with G suite.

Zapier can help you integrate and automate some things without custom API dev. Very, very useful when set up correctly for your workflows.

Airtable is super flexible. Basically build your own whatever. I built basically a CRM with ERP and automated email notifications on order status with that, G suite and Zapier. In about 3 days.

Airtable is really worth looking at.
Old 04-08-2020, 07:59 AM
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I have worked remote for the last 10 yrs and could never be tied to an office again.
One key is to keep a routine- be ready to work around the same time and try to turn it off at a certain time. Of course easier said then done, but worth the flexibility. There is no doubt I am more productive from the home office, little to no interruptions. Keeping the family aware of your schedule helps during the times( like now) when everyone is home. If my son had his way we would be playing baseball all day. I can get a days worth of work done in 3 hrs.
I also make it a point to call co workers throughout the day. Keeps you social.
Old 04-08-2020, 08:08 AM
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Originally Posted by crazybeard View Post
depends what you want it for. There are lots of tools, and some a great for certain tasks and environments.

trello is okay, but it's pretty fluid. It's easy, but it's also easy to be lax with. Todoist is great for simple task oriented stuff and it's well supported across many platforms.

if you're managing sales people or a pipeline, pipedrive is easy, and integrates well with G suite.

Zapier can help you integrate and automate some things without custom API dev. Very, very useful when set up correctly for your workflows.

Airtable is super flexible. Basically build your own whatever. I built basically a CRM with ERP and automated email notifications on order status with that, G suite and Zapier. In about 3 days.

Airtable is really worth looking at.
Great thanks for this. I basically have myself and 3 employees and we each have about 10 projects each that I need to track and keep tasks organized. Nothing too fancy. Airtable at a quick glance has a nice look to it.
Old 04-08-2020, 08:17 AM
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Originally Posted by sway21 View Post
Great thanks for this. I basically have myself and 3 employees and we each have about 10 projects each that I need to track and keep tasks organized. Nothing too fancy. Airtable at a quick glance has a nice look to it.
May want to look at todoist. Templates for tasks, so if you have repetition it can set up nested tasks easily.

the only thing I don't like is not being able to tag someone specifically, but in some cases that's not really an issue, such as small teams with not much noise in collaboration.
Old 04-08-2020, 08:18 AM
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Originally Posted by crazybeard View Post
May want to look at todoist. Templates for tasks, so if you have repetition it can set up nested tasks easily.

the only thing I don't like is not being able to tag someone specifically, but in some cases that's not really an issue, such as small teams with not much noise in collaboration.
edit to add, if you use it for your other stuff in life (sharing is per project not account) it makes it easy to get in the habit. Ex, shopping lists, personal projects, etc.
Old 04-08-2020, 12:07 PM
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Reduced PSX again today. Only 1 more lot to go at $65.50 or I buy more at $50.50.
Closed MSFT. Buy again at $150.

As a side note if you follow AAP, I reached out to someone who works at a distributor and the alert about STZ being 85-90% on premise was dead on with their sales. But it has had a sizable run up the past 5 days including today.

Last edited by redink; 04-08-2020 at 12:14 PM.
Old 04-08-2020, 12:34 PM
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Wife and I work from home and sit about 6 feet from each other. We are 2 of the highest producing employees at our office. It's very unique situation for sure, but being that close to someone to bounce ideas and questions off of is like having the best of both worlds. We also have the entire office on an instant message program so we can send each other questions or video chat whenever we need to.

The hardest part was getting her to let go of work once it time to be done with it. Took a solid 6 months for her to figure out how to let go when she wasn't working.
Old 04-08-2020, 01:17 PM
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Part of me is starting to think that Friday was the last good buying day. I'm sitting here with a war chest, but I mentally have a hard time going in after the moonshots this week.
Old 04-08-2020, 01:36 PM
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Originally Posted by cavalier View Post
Part of me is starting to think that Friday was the last good buying day. I'm sitting here with a war chest, but I mentally have a hard time going in after the moonshots this week.
Are you saying you can’t find “things” to buy with the potential of 100% return in 5-10 years?
Old 04-08-2020, 01:46 PM
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Originally Posted by joe.giuliano View Post
If remote employees are not as productive as they are in the office it is a management problem. Good managers measure and reward output not behavior.
The only problem with working from home (if other teams you work with are in an office) is that you miss out on A LOT. Out of sight, out of mind is not just a saying. There is a lot more to communication than a simple email; non verbal expression is lost, as well as a 5 minute conversation walking out the door has now turned into an exercise of either a phone/video call, or worse, scheduling it on someone's calendar.
Old 04-08-2020, 01:51 PM
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Originally Posted by cavalier View Post
Part of me is starting to think that Friday was the last good buying day. I'm sitting here with a war chest, but I mentally have a hard time going in after the moonshots this week.
if It was me I would be in equally over the next 6-9 months. There's a worldwide GDP hit and earnings are going to be horrible for the next 9 months. You may miss 20% upside short term but you may also miss 30% downside. If you lose 50% it takes a 100% return to get back to even. Guess it also depends on how young you are and if you have FU or FTW $$
Old 04-08-2020, 02:10 PM
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Originally Posted by pathfinder11 View Post
if It was me I would be in equally over the next 6-9 months. There's a worldwide GDP hit and earnings are going to be horrible for the next 9 months. You may miss 20% upside short term but you may also miss 30% downside. If you lose 50% it takes a 100% return to get back to even. Guess it also depends on how young you are and if you have FU or FTW $$
So what if it goes down 30%, if you double your money in 5-10 years? ( AAR of 15 to 7.2%)

If you buy stock in 10 companies w/ $100k and 2 of the companies go to zero the following day but, in 10 years your money doubled, do you care about the $’s lost on the two companies or that your money doubled? (among other things)
Old 04-08-2020, 02:14 PM
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Originally Posted by aubv View Post
Are you saying you can’t find “things” to buy with the potential of 100% return in 5-10 years?
Originally Posted by pathfinder11 View Post
if It was me I would be in equally over the next 6-9 months. There's a worldwide GDP hit and earnings are going to be horrible for the next 9 months. You may miss 20% upside short term but you may also miss 30% downside. If you lose 50% it takes a 100% return to get back to even. Guess it also depends on how young you are and if you have FU or FTW $$
I'm saying that these massive low volume swings have made me gun shy. Look at Marriott for example - $57 on Friday and $82 today, and that increase is with a recent data breach and no date in sight for the travel industry reopening. I'm sure it will get back to $150, and so yes I could probably make 100% over 5 years. But why would I buy in now when the price really should come back significantly based on all logic?
Old 04-08-2020, 02:16 PM
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Originally Posted by aubv View Post
So what if it goes down 30%, if you double your money in 5-10 years? ( AAR of 15 to 7.2%)

If you buy stock in 10 companies w/ $100k and 2 of the companies go to zero the following day but, in 10 years your money doubled, do you care about the $’s lost on the two companies or that your money doubled? (among other things)
I guess i would care, because if had waited a day and bought differently, I would have done a lot more than double my money. You never time the bottom, but I still try to maximize my investment.
Old 04-08-2020, 02:16 PM
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Originally Posted by cavalier View Post
I'm saying that these massive low volume swings have made me gun shy. Look at Marriott for example - $57 on Friday and $82 today, and that increase is with a recent data breach and no date in sight for the travel industry reopening. I'm sure it will get back to $150, and so yes I could probably make 100% over 5 years. But why would I buy in now when the price really should come back significantly based on all logic?
There is not much logic in this rally. It’s gotta take one more nose dive at some point. But the fact I am thinking that means it’s surely not going to happen!
Old 04-08-2020, 02:17 PM
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Originally Posted by cavalier View Post
I'm saying that these massive low volume swings have made me gun shy. Look at Marriott for examp th le - $57 on Friday and $82 today, and that increase is with a recent data breach and no date in sight for the travel industry reopening. I'm sure it will get back to $150, and so yes I could probably make 100% over 5 years. But why would I buy in now when the price really should come back significantly based on all logic?
Who’s logic? You do know there are companies outside of travel, right?
Old 04-08-2020, 02:26 PM
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Originally Posted by aubv View Post
Who’s logic? You do know there are companies outside of travel, right?
I wasn't trying to be argumentative. I was just using Marriott as an example to illustrate my thoughts.
Old 04-08-2020, 02:34 PM
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Originally Posted by cavalier View Post
I wasn't trying to be argumentative. I was just using Marriott as an example to illustrate my thoughts.
Nor am I. My point is, you are trying to prognosticate the market and missing the real focus(if you buy individual company stocks)

So what if something is up 40%? Was it priced correctly @57? Does it still represent value at current levels? How does it compare to another company not necessarily in the same industry. You don’t need to compare KO to PEP. You can compare KO to BAC...
Old 04-08-2020, 02:39 PM
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Originally Posted by aubv View Post
Are you saying you can’t find “things” to buy with the potential of 100% return in 5-10 years?
I didn't ready anything about a five to ten year investment? Did you read anything in that post about a five or ten year investment?
Old 04-08-2020, 02:44 PM
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Originally Posted by aubv View Post
nor am I. My point is, you are trying to prognosticate the market and missing the real focus(if you buy individual company stocks)

So what if something is up 40%? Was it priced correctly @57? Does it still represent value at current levels? How does it compare to another company not necessarily in the same industry. You don’t need to compare KO to PEP. You can compare KO to BAC...
I have a watchlist with over 50 companies on it. And my perception that the market is not being rational extends across most of them.
  • Lennar and Dr Horton had double digit gains today, but homebuilding has completely stopped in many parts of the country. And people won't be able to afford mortgages potentially for months.
  • Yeti has gone up 35% this week, but there are no stores open to buy lifestyle coolers.
  • TJX just announced that they are having to furlough their sales force of 270k, and yet it went up again.
Maybe I'm just terrible at understanding market moves, but I just mentally have trouble understanding some of these gains on the same day where NY records record deaths, and companies are announcing additional furloughs and closings... I'm sure I'll miss the money making opportunities as a result.

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