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Registered on:5/28/2025
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re: Mountain West and Upper Great Plains

Posted by LP2OP on 11/21/25 at 3:48 pm to
You’re right - water is something we take for granted in the south and especially Louisiana where a lot of places if you can get to the sand bed and stick a pipe in it, water will flow above the surface.

I wish I knew more about the legal issues of water rights in these northern areas and what the balance is between making those as strong as possible now and visiting that property a couple of times a year to hunt and/or just check on things. Also the balance between keeping it for “forever” or selling it off when it appreciates at some point sooner.
Yep, water will end up being the newest “mineral” or something similar that the law will provide special privileges and rules for.

re: Bozeman Montana Real Estate, wow -

Posted by LP2OP on 11/19/25 at 8:57 pm to
What kind of investments do you have? Any recreational or farm land? Or anything off-grid?
Right, I would leave it alone in the winter. Utilities are what they are, but water rights are something that I would be concerned about.

Also, it seems like there may be some cattle grazing rights on these big ranches that are getting carved up and sold in smaller tracts.

Conservation easements are familiar because we have them down here.

Mountain West and Upper Great Plains

Posted by LP2OP on 11/18/25 at 8:33 pm
Any thoughts on, or experience in, investing in farm or recreational land in Montana, Idaho, Wyoming, or Western Nebraska?

I’ve recently become infatuated with the topography and characteristics of this region and have been doing a lot of research on price and location. The prices seem to be significantly cheaper than acreage in the south and Midwest.

Other than being so far away from the property so personal use will be limited (especially if it’s a recreation tract), what are other cons to investing in that part of the country?

re: META buying opportunity?

Posted by LP2OP on 10/30/25 at 8:40 pm to
Yep me too. Took profits in UNH and bought META at $664. We’ll see!

re: Describe your Hole in One(s)

Posted by LP2OP on 9/30/25 at 9:23 pm to
Zero. I’ve been all over the pin numerous times, but nothing goes in. Maybe one day.

Have holed out for eagle at Oak Knoll in Hammond from 150 on #5 and from 85 on #7. Also almost got the first ace on #16 at Mystic Creek a few years ago but it was about 3 inches right.

re: best round ever ?

Posted by LP2OP on 9/28/25 at 9:32 pm to
Same here. 69 with 5 birdies and 2 bogeys. Never have shot 70 or 71. It was a magical day at LSU in the early 2000s.

Played 9 yesterday and got beat by my 17 and 8 year old sons!! Lol
What a disaster. Same idiots who planned the opening ceremony of the last Olympics must be involved here. The NFL used to be a lot of what was good in America, now it’s doing everything it can to be everything but American. Geez.
PNNT $0.08 monthly dividend. About 14% right now.
Right. I bought 5 $652 9/19 Puts a couple of days ago. We’ll see.
I don’t think they will cut either and not doing so will cause a bit of a shakeup to bring September back into line as a generally rough month for a market bull.

But even if they cut 25 bps, does that do anything for the market or will we still see a substantial sell off through the end of the week/month? I get that the comments will round out the picture over the next couple of days, but I’m not optimistic in more than one this year if we get a cut tomorrow.
Have 1 Feb 26 $90 call. My only regret is that I don’t have more lol.

Had a good hunch this morning to close out some 9/12 $75 covered calls, so I don’t have to give up all those shares!

Gonna be a good day tomorrow and following.
PNNT. I’ve been in this almost 2 years - monthly dividend that I drip.

Is anybody else in this one or does anybody have any insight long term?
Yep, my June 2026 $400 call was not looking good, but I did pick up 100 shares a couple of days ago at 249 after selling some PLTR after earnings. It’s good to have an after hours surprise to the upside!
Bringing 8 on 4th and 10 with the game on the line!!! Gotta have the corners to do it, but we could have won a couple more against Bama in the last 15 years if we would have had the balls to make that or similar calls.
Right, for my example of PLTR I would at this price. I think it has a friendly White House as well as private clients to be well balanced, and that there is still a lot of growth and development yet to occur.

Let’s say my example was NVDA with its $4 trillion + valuation and that I rode it up for the last several years. I may still like the company and trust my research, but if I’m deciding if I want to buy it now, how realistic is it to think it will even double from here and provide a decent return?
Do you end up beating yourself up if you sell something that continues to run after you’ve sold it? Or after the sale and you’re happy with your trade, is it “out of sight out of mind” and it doesn’t bother you to look up in a couple of months/years and see it’s far above the price when you owned it?

re: How Long Do You Let Your Winners Win?

Posted by LP2OP on 8/4/25 at 10:56 am to
Gotcha, so if you have a stock or index fund that has outperformed for a quarter, and by all research looks to continue its outperformance into your next time block, you’ll still reinvest less or sell and reallocate to another asset?
I pay relatively good attention to what’s going on in my portfolio, other stocks, and the market in general. But I don’t know if I’m confident enough in what I read and learn to make the getting in and getting out decisions timely and properly. Maybe I’m not as much of a “trader” as I am a “buy and hold” guy.

For PLTR, even with the very large pullback in the first half of the year, since that previous peak in Feb., it’s still up another 25% in less than 6 months. So is trying to time something like that worth making a mistake and selling improperly?

re: How Long Do You Let Your Winners Win?

Posted by LP2OP on 8/3/25 at 10:13 pm to
So you like a method based on performance, allocation, and other metrics without the emotional or other attachment side? I can see how this would make a very disciplined portfolio.