📈 Stock Analysis Tool I Use: www.patreon.com/josephcarlson 🎥 More free content: www.youtube.com/@JosephCarlsonAfterHours 🐦 I post random thoughts on Twitter too: twitter.com/joecarlsonshow
The fact that the CEO thinks Intu is over valued and rather use shares then cash to buy companies, is a big redflag on mangment... I dont know if they will actually start buying shares back again, and its questionble if they can keep growth going yoy.
Turbotax is one of the most evil companies. They’re lobbying is the reason taxes are so complicated that someone would even need TurboTax. The irs wanted to simplify taxes over the yrs but intuit’s bought politicians said no. People love to worship companies that are destructive to society. Everyone i know loves turbotax.
Intuit has some pretty significant risk on the horizon with the IRS rolling out a pilot program for free tax filing starting in 2024. Especially since they've already had government trouble with TurboTax after last years settlement for their predatory and deceptive marketing practices.
Although I agree, I’ll believe it when I see it. Much of the government’s software is hot garbage. I have a hard time believing the pilot will be compelling enough to make me switch. Disclaimer, I’m not an investor in Intuit.
I think that will be an overhang on the stock potentially, but I do not consider it a significant risk imo. For two decades there have been companies trying to offer competing software at lower prices or free, California even built their own free tax filing software and it gained minimal marketshare. Intuit themselves offer a free version of their software for basic use and only require payment when taxes become more complex (things like connecting brokerage transactions and such). To try and take what intuit has done, building complex tax software for every state and simplifying the user interface to be easy to use, and the tens of thousands of hours of feedback, reviewing, testing, and trying to replicate that, is easier said than done. I have zero confidence whatsoever that our government can do a better job at it than Intuit.
@@stephenbulley2128 Many countries already have a website for tax payers to file their taxes online. And they work. So....never say never. It could happen.
I would rather pay Intuit and have taxes done in an hour, knowing that there will be no hiccups than have to deal with the government software making a mistake and then having to deal with that later
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
@@DaleHorne8 My advisor is Dawn Maureen Humphrey she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I did an analysis on intuit a little over a year ago and settled on no. I don’t consider many of their products to have much of a moat. That is from personal experience, (freetaxusa better than turbo tax) and through some interaction at work with their other products. None seem like best in class and they really gouge their customers in a way that they do not feel they are getting value. I think they are in the downtrend of their business life cycle. Also seems a little expensive. But could be wrong about all of this. Hope you do well on it.
It's worth noting that a number of other countries have tax systems where their IRS equivalent literally does your taxes for you and sends you their work and the bill, and you can just accept that it's right or dispute it if there's a mistake. This is possible because the IRS literally already has virtually all of the information needed to do your taxes, as your employer, banks, and other financial institutions are required to report that data to the IRS. This is how it's often quite easy for the IRS to catch tax cheats.
I'll get you started sir, what do you think of the company? Do they treat employees well? I didn't want to put money into it for the same reason as Joseph: debt.
Dominos went bankrupt in Denmark. The Got caugt cheating, they changed dates on Meat, they Got Big fines.They where closed for years, and has a really bad reputation here. Now they have opend again. Hope they close again.
I wish David pointed out that "I don't care" is a perfectly reasonable answer for the owner of a *private* company but not a public CEO. Elon has a fiduciary responsibility and his shareholders don't all have FU money, so isn't it a little selfish to think only of himself? As a small shareholder I just want the stock to go up, lol. It feels like he's running the Bud Light playbook, antagonizing the customer. Conservatives please show your appreciation and buy some cars 🤑
I really try to not mimic your stock picks but your investment philosophy and stock analyses are extremely logical and agreeable. My knowledge has expanded, my strategy is better and my portfolio continues to fine tune itself as I have followed you on the journey from just a few thousand subscribers to where you are today. Hence, my portfolio appears to look more and more like yours, although in my defense I can at least say that I picked up Intuit before you brought it up on the channel recently (and one or two stocks prior to that hehe, pure beginner luck though! Thank you so much for all your brilliant content, Joseph. I'm wishing you all the best, and tremendous success with Qualtrim and UA-cam! I'm subscribing to your Patreon soon. 🙂
In regards to the Disney deal while I believe their spat with DeSantis definitely made their decision easier, this plan was set up by Bob Chapek, so I could totally see Iger axing this just to save some money while they figure out if streaming is going to be enough to replace their legacy tv stuff, just a Floridians opinion though ❤
The interview with Elon as a whole is the entire reason why I feel like this world is going down a dark path. In this era of tech people blindly follow and make it to where words effect them. People are saying words have impact one multiple things in life. Which is correct to a certain extent. People need to learn to think for them selves and stop being hurt or get so upset of someone else’s words specially when they are literally just that, words. Make your own decisions and live your own life stop being but hurt bout everything in life seriously.
I actually don't mind either. Ulta is a great compounder that has a fantastic placement in the beauty industry. I would not be concerned about the 5% drop today if I owned it. PayPal is a little more complex of a business. I don't know why their cash flows have been flat for the past 5 years given the significant boost their business has had in revenue. I really don't blame investors for jumping in on it right now though, the valuation doesn't leave a huge hurdle to overcome.
Well. If it makes ya feel any better there’s plenty of people on my discord that have multiples more than I do. There’s always bigger portfolios out there. One discord member has a 65 million dollar portfolio.
It all depends on what you objective is. You must do your math but for example this 300/month saving effort might turn into 300/mo income in 10 years. And the snowball only grows bigger from there if you can afford the time to let it.
Better than me atm. I haven't been able to add to my account in 2 years but I'm whooping the market still. Got debt to pay off, a newborn soon to come and I make min wage. My Roth IRA and taxable account totals 110k now. 3 years invested and 6 years of money saving before I began investing. In short I'm just saying you'll be fine in the long run as long as you have investing as your goal
@@JosephCarlsonShow oh I know there’s a bigger fish always, but I have joined the Patreon and looking to make sound purchase using qualtrim. I enjoy the simplicity of it as everything else is overwhelming for someone who is not very literate in this field as of yet.
Im really confused here. Why even show your account growing if its not organic? You putting more money into your account confuses people into thinking your account is actually making money.
Yea. It doesn’t make much sense to be honest. The thumbnail thing started from the first episode and then I just kinda kept it. I do show the growth in gains too though, and returns. So you get the full picture.
Jo! I miss out the reverse seeing, like Charly Munger says: always invert! What can go wrong with Intuit? The next 5 years? This is as interesting as your reasons for buying in
You should look into William Sonoma Inc, great balance sheet, no long term debt, 69% e-commerce with margins that have grown and a high return on capital employed, and the secret trojan horse of growth they're no longer just for direct consumers though that's great with brands like Pottery Barn but they're growing their B2B full stack design and furnishings business, think office space, hotels, restaurants etc.. And all this at a PE of 7 with a 3% yield which is a payout ratio of 28%. I think this is the easiest double since Meta. You should at least look at it. Full disclosure I bought $11k at $114. As for Intuit I really don't like their stock compensation and when Terry Smith asked about their buy out of mailchimp and overpaying they were like hey ok half of it was in our stock which made him go so you think your stock is overvalued? It's a wait and see for me, personally I'd rather Visa or MasterCard just drop like it did in March 2020 and load up as much as possible.
is musk a conservative? he said in that interview he voted for biden. i think he just thinks independently on each individual topic. and because most of media is liberal he finds himself balancing that out a lot. if the media was all conservative he'd probably find himself saying lots of liberal things.
Interesting enough I had a convo with a friend who was bragging about Star Link but said he cannot stand Elon Musk, yet loves the company’s product and happily pays for it. Some food for thought if your an investor in Tesla in that his antics don’t seem to stop people from using his products even though they don’t agree with his views.
Saying that you have no control over a non-profit, and implying that you have no influence over it doesn't necessarily mean that you don't. He's very well spoken, but that was standard executive language. My wife is a free thinker, and I have no control over her decisions. Sure, that's true, but it doesn't necessarily mean that I don't have a significant influence over the life decisions she makes. She's not going to make a major financial decision that would negatively effect me and my kids without considering the consequences, and how that would effect our relationship. Now replace me with Microsoft and my wife with open AI. Elon may be on to something.
He got conservative after Cal pissed him off with covid lockdowns at his plant and more high handed gov pressure on him. He does love Biden or gov subsidies on his EVs and new plants. Notice he never says a bad word about China. He knows better than that.
I dont think Disney is waging a battle on florida or politics. I believe Disney is going to war with ron desantis. This is like a personal vendetta between the two and it sucks that florida and the people of florida are in the middle of it.
I think Intuit's future is bright, and Quicktax is really solid for me, but I'm just not comfortable with the amount of lobbying a lot of these tax prep companies reportedly do to make our tax filing lives more difficult.
A company with a similar business model to POOL is watscon WSO, large distribution businesses with 120k contractors but they distribute heating and ac units. They have majority market share
36:42 - 37:02 Love the show, but you're way off base with this view here. Companies by nature, especially Fortune 500 companies, are not Liberal or Conservative. Vast majority of CEOs are conservative and vote for Republicans because they get tax incentives from Republicans (and conservative Dems). But, they're also business-minded individuals and if they think they can either corner a particular market or gain more market share, they're going to say what they need to to get more profit for their company. This fight between DeSantis and Disney is a one-sided affair because DeSantis has a huge ego and wants to win each and every argument he gets into, even to his own peril. This fight might win him votes with the base, but this is a losing battle. Trump will pile on him like an attack dog, and rightly so. DeSantis has repeatedly shown that he is a vindictive and angry leader, so dealing with China or with the EU or with Congress will be a nightmare scenario because those people know how to get under your skin and force you to make unforced errors that heavily favor their positions. Lastly, the reason that other politicians don't lash out and attack CEOs for voicing an opinion that they may not like is for the sheer fact that it most of them don't want to go down into the mud or angrily react. Gavin Newsom of California has not lashed out in public at Musk every time he tweets or says something completely idiotic or asked the California Legislature to make laws that only target Musk's companies.
About Disney - it may have started out that Disney was on the losing hand with De-Santis, and incorrectly got involved in political issues. However, it seems with recent attacks on desantis from his potential 2024 challengers for his anti-business war with Disney, and the return is of it's more savvy CEO - the tables have turned. The mouse will be there longer than Densantis will, and the response from Desantis may be correct that Disney was planning to scrap the expansion anyways due to various business reasons. But nonetheless - it makes Desantis look bad and gives more fuel to his opponents and hurts him politically. Dis/Iger + 1, Densantis -1
Perhaps a small victory for Disney here. Overall though certainly an unforced error made by Disney. If you think Disney is correct or not will depend on where you land politically. That being said, half the country will disagree with you when you take a strong political stance, and that is the issue for Disney
Well said on Elon except for one thing. I'm pretty sure he said hes liberal. He's not conservative hes just rational and it's rare to see a rational liberal these days.
He's definitely not a libertarian. If he was than people who speak out against him would be granted the same "free speech" that he claims he loves so much. Musk is like every other billionaire, they only look out for themselves and don't care about anyone else. Hate to break it to ya.
@@g.angelov2494 Elon didn't vote for Trump; he voted for Biden in the last election. Also, a decade ago, he would be considered a liberal. He still considers himself a liberal, just not what that has turned into today.
It's a bit disingenuous to compare Disneys political statement with Elon's being as Disney made one statement a year ago and then had the governor actively target them, is trying to remove their special district status and carry out a concerted effort to punish them for speaking out against him.
I disagree. Disney is on a political warpath. It's not just with Florida's governor. I did sell their stock over a year ago. Same with Coca-Cola. I'm older and I think Walt Disney would be rolling over in his grave if he knew what his company was all about nowadays. I guess Elon can say what he wants because I am still invested in Tesla I think the growth potential over the next 10 years is too much not to have a little bit invested. So I guess if you have the right growth potential you can say what you want.
@Steve Aigner Disney said one thing. Musk has said numerous things including actually instructing his followers to vote Republican. It is in no way comparable. The only thing comparible would be for Biden to remove EV credits from Tesla a move you wouldn't approve of, which is exactly conpariblr to what DeSantis is doing to Disney. Its disingenuous and hypocritical.
@@TheHjames86xYeah. This video makes that pretty clear. It’s very disappointing. I’ll never watch another one of his videos again. I follow several investment channels on UA-cam, but other influencers have the common sense and respect to keep their political views to themselves. But like Elon, Joseph really doesn’t give a shit if people know what kind of person he is, or the types of people that he supports.
Actually you didn't biuy intuit since isn't in your dividend portfolio looking at the link, so why you are pumping it saying you bought? Did you male a call on it?
intuit is definitely the small business standard and has been for awhile. However, as an intuit software (Quickbooks) user I am actively researching and awaiting another option to emerge. The software is not intuitive out of the box, and lacks product education to be user friendly. Intuit also lacks quality customer service for there software, leaving many to seek out education and support from other avenues. I don't think I am the only customer waiting to jump ship.
The people who balk at the idea that calling Soros the 'enemy of humanity' is rooted in antisemitism are often the same people who say any criticism of Israel's policies on Palestinians are antisemitic. I have no problem with criticizing George Soros if people identify specific 'horrible' things he's done. But overly broad attacks like what Elon did justifiably makes people raise eyebrows.
If sony is so monopolistic, why isn't it in the portfolio? On a serious note though, CoD is a console mover. A 10 year agreement isn't a guarantee that it can be renewed. I wouldn't be surprised if they made it exclusive later on.
Congratulations on your new investment! It's always interesting to see your thought process and strategy in action. Your transparency in sharing these big moves is greatly appreciated and provides a lot of valuable insights. Looking forward to seeing how this plays out. Keep us updated!
Elon speaking his mind unprovoked is not equal to Iger's response to DeSantis. Unless you forgot, Desantis started messing with Disney because they had LGBTQ scenes and staff involved in their products and tried to force them out of the agreements arranged for the park roads which coincidently, would have cost Floridians. The idea that you think it is liberal to live and let live and someone acting like a teenager at the helm of a publicly traded company shows you lack some understanding of the difference. Also worth pointing out is that it was "liberal policy" as you call it that made Elon's current windfall possible. He is literally crapping in his own nest and yes, that will have some impact. I wouldn't say it will have any major impact as most people have no trouble with hypocrisy these days. Elon is the world's most subsidized billionare and he criticitizes the welfare state in another ironic twist. Such is the new capitalism we live in.
That last statement is incredibly untrue. In most cases no one knows outside of the owners of the company what their political views are. No one tells Walmart not to pour billions into anti-public investment initiatives, specifically, but no]t limited to, school choice; which is very openly a “right wing” position. It’s Elon’s poor tact and general low character that bothers the average person. Of course in a time of political change where extreme political positions win you clicks and attention, a low integrity human like Elon Musk will use this to his advantage, stoking the very anger and attention you are complaining about. I really like your work and will continue to support your channel, but this take was a bit tinged by your own political beliefs I think. Thanks for your excellent work, keep it up.
If you look over my history, im for sure not a fanboy of Elon musk. I find a lot of his behavior detestable. But I certainly believe he gets more focus and criticism from the media than many other politically motivated companies. Disney, Apple, the NBA are always strong supporters of social issues, fighting US state policy, while doing as much business in China as possible ( same with tesla). It’s all a bit dumb to me haha. But this is why I’m not a close follower of politics to begin with.
going to guess Joseph does not play games because Microsoft said the same thing when they bought Bethesda. right after buying it, none of the games coming out of those studios are coming to PlayStation or Switch. There is nothing stopping microsoft from doing this exact same thing again with activision. Personally i couldn't care less if microsoft bought activition but to pretend like microsoft is this all kind company that has the industry interest at heart is not true. And this is coming from a microsoft investor myself. Sony isn't scared that call of duty is going to be on switch. Lets be honest here. noone is gonna be running out to buy COD on switch even if it was released there. 10 fps at 480p resolution lol. "hardcore" games historically have always sold terribly on nintendo's system to a point where many developers stopped releasing their titles on them. Sony's fear is that microsoft will pull the games from playstation like they did with Bethesda games. Also lets not forget Microsoft initially talked about 8 years or so of guaranteed release on playstation. This still implies exclusivity in the future which disproves the entire point you are making in that section assuming they would even keep that promise. I love your videos but your comments regarding this was so far off in my opinion anyway.
Joseph - you are just absolutely awesome! So inspiring!! Request - can you please do a video on PTLO stock? It is one of the amazing restaurants chain in the Chicago region! Look forward to it.
Thanks Joe, Very insightful review of your asset allocation strategy and great analysis of MSFT/ATVI acquisition. Loved your thought on Musk interview.
I respect Musk tremendously and think it is great that he values honesty. That being said, the stark contrast between how he and Nadella speaks, makes it clear who'd I rather have handle delicate questions. interestingly I'm heavily invested in both Tesla and Microsoft and will continue to be. They are both visionaries, but Musk takes on bigger challenges - and they both have managed to execute well. That's how it balances out.
Wow, this is a great UA-cam video. I’m new here and this is a breath of fresh air. Joseph, thank you for sharing your knowledge, I’m a subscriber now.😊
📈 Stock Analysis Tool I Use: www.patreon.com/josephcarlson
🎥 More free content: www.youtube.com/@JosephCarlsonAfterHours
🐦 I post random thoughts on Twitter too: twitter.com/joecarlsonshow
Would you share how your dividend snowball is going? I think everyone would be very interested. Many thanks!
Hey Joseph, your dividend link was not the updated one. Keep up the great content!
The fact that the CEO thinks Intu is over valued and rather use shares then cash to buy companies, is a big redflag on mangment...
I dont know if they will actually start buying shares back again, and its questionble if they can keep growth going yoy.
Turbotax is one of the most evil companies. They’re lobbying is the reason taxes are so complicated that someone would even need TurboTax. The irs wanted to simplify taxes over the yrs but intuit’s bought politicians said no. People love to worship companies that are destructive to society. Everyone i know loves turbotax.
so many bots in the comments
Intuit has some pretty significant risk on the horizon with the IRS rolling out a pilot program for free tax filing starting in 2024. Especially since they've already had government trouble with TurboTax after last years settlement for their predatory and deceptive marketing practices.
Although I agree, I’ll believe it when I see it. Much of the government’s software is hot garbage. I have a hard time believing the pilot will be compelling enough to make me switch. Disclaimer, I’m not an investor in Intuit.
I think that will be an overhang on the stock potentially, but I do not consider it a significant risk imo.
For two decades there have been companies trying to offer competing software at lower prices or free, California even built their own free tax filing software and it gained minimal marketshare. Intuit themselves offer a free version of their software for basic use and only require payment when taxes become more complex (things like connecting brokerage transactions and such). To try and take what intuit has done, building complex tax software for every state and simplifying the user interface to be easy to use, and the tens of thousands of hours of feedback, reviewing, testing, and trying to replicate that, is easier said than done. I have zero confidence whatsoever that our government can do a better job at it than Intuit.
@@stephenbulley2128 Many countries already have a website for tax payers to file their taxes online. And they work. So....never say never. It could happen.
@@ivanxyz1 most countries’ governments calculate the taxes themselves, and comunicate them to the citizens, so the citizens just pay what they owe
I would rather pay Intuit and have taxes done in an hour, knowing that there will be no hiccups than have to deal with the government software making a mistake and then having to deal with that later
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.
It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal
@@frankbarnes22 please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@@DaleHorne8 My advisor is Dawn Maureen Humphrey she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I did an analysis on intuit a little over a year ago and settled on no. I don’t consider many of their products to have much of a moat. That is from personal experience, (freetaxusa better than turbo tax) and through some interaction at work with their other products. None seem like best in class and they really gouge their customers in a way that they do not feel they are getting value. I think they are in the downtrend of their business life cycle. Also seems a little expensive. But could be wrong about all of this. Hope you do well on it.
Yea, I personally like the interface of freetaxusa much better
You should have addressed the IRS tax filing news, thats why I just sold Intuit
It's worth noting that a number of other countries have tax systems where their IRS equivalent literally does your taxes for you and sends you their work and the bill, and you can just accept that it's right or dispute it if there's a mistake. This is possible because the IRS literally already has virtually all of the information needed to do your taxes, as your employer, banks, and other financial institutions are required to report that data to the IRS. This is how it's often quite easy for the IRS to catch tax cheats.
How bout ADP stock?
Hey Joseph, can you update the links for the pie charts? Doesn't include this new holding of Intuit
Joseph what’s your thoughts on BlackRock?
I was an Assistant GM for Domino's for 5 years, don't even get me started on that company.
I'll get you started sir, what do you think of the company? Do they treat employees well? I didn't want to put money into it for the same reason as Joseph: debt.
@@jmcauhy hight debt causes their consistent nagative book value.
Dominos went bankrupt in Denmark. The Got caugt cheating, they changed dates on Meat, they Got Big fines.They where closed for years, and has a really bad reputation here. Now they have opend again. Hope they close again.
video starts at 5min31. 🤛Beautiful company Joseph.
[26:57] A CEO of a for profit company, saying that he’s doing the deal to increase competition. Straight to the camera. There is no shame.
With all due respect, I hope intuit goes out of business.
I wouldn’t want to own a company that continually lobbies politicians to keep the tax code as complicated as possible to sell tax software
Why🤔
Could you elaborate? I’d like to hear a different perspective.
@@tumbleweed1976 me?
@@thelifeofpablo6626 Yes please.
I wish David pointed out that "I don't care" is a perfectly reasonable answer for the owner of a *private* company but not a public CEO.
Elon has a fiduciary responsibility and his shareholders don't all have FU money, so isn't it a little selfish to think only of himself? As a small shareholder I just want the stock to go up, lol. It feels like he's running the Bud Light playbook, antagonizing the customer. Conservatives please show your appreciation and buy some cars 🤑
Intu at 66 PE? No way
I look for at better enter price
What about the PE ratio? Isn’t it too high?
Hey Joseph, any thoughts about AMEX?
I think you know Joseph that Elon didn't "found" Tesla.
I really try to not mimic your stock picks but your investment philosophy and stock analyses are extremely logical and agreeable. My knowledge has expanded, my strategy is better and my portfolio continues to fine tune itself as I have followed you on the journey from just a few thousand subscribers to where you are today. Hence, my portfolio appears to look more and more like yours, although in my defense I can at least say that I picked up Intuit before you brought it up on the channel recently (and one or two stocks prior to that hehe, pure beginner luck though!
Thank you so much for all your brilliant content, Joseph. I'm wishing you all the best, and tremendous success with Qualtrim and UA-cam! I'm subscribing to your Patreon soon. 🙂
In regards to the Disney deal while I believe their spat with DeSantis definitely made their decision easier, this plan was set up by Bob Chapek, so I could totally see Iger axing this just to save some money while they figure out if streaming is going to be enough to replace their legacy tv stuff, just a Floridians opinion though ❤
You should think about adding Pepsi to your list!!!!
You will like it
Hey Joseph! Nike took a dive today off of footlocker news. Will you add to your position or are you comfortable where you are?
The interview with Elon as a whole is the entire reason why I feel like this world is going down a dark path. In this era of tech people blindly follow and make it to where words effect them. People are saying words have impact one multiple things in life. Which is correct to a certain extent. People need to learn to think for them selves and stop being hurt or get so upset of someone else’s words specially when they are literally just that, words. Make your own decisions and live your own life stop being but hurt bout everything in life seriously.
Have you looked at Accenture? It has most if not all the traits that you look for.
Elon Musk isn't the founder of Telsa, bro. C'mon Joseph. You know that's not true
Wait, so you didn't buy Dominos because of the 5b debt, and then you don't even mention the 7b debt of intuit? 😮
but Dominos' book value is negative, while Intuit's book value is $16B.
Really Bob Iger lives in CA, i didn't know that, but now it makes alot of sense.
Disney is a California based company that happens to be in Florida too.
@@danhanson9101 wow
Comparing Elon to a fired CEO is wild!
I made a model on Inuit about a year ago and just couldn’t make sense of the valuation. I will have to revisit the company now haha
PE = 65 looks sort of overpriced, as other ratios.
Joseph, what do you think of ULTA and Paypal these days?
I actually don't mind either. Ulta is a great compounder that has a fantastic placement in the beauty industry. I would not be concerned about the 5% drop today if I owned it.
PayPal is a little more complex of a business. I don't know why their cash flows have been flat for the past 5 years given the significant boost their business has had in revenue. I really don't blame investors for jumping in on it right now though, the valuation doesn't leave a huge hurdle to overcome.
@@JosephCarlsonShow Thank you for the quick reply!
@@JosephCarlsonShow in regards to PYPL do you see any concern with FED Now launching in July this year? Also, any thoughts on SQ at these levels?
Hey, didnt Ackman sell Dominos last quarter? Why do you think this is and how do you see it affect it in your watchlist?
I am very envious of your portfolio, I can only manage to deposit a measly $300 a month into my acct. maybe one day I’ll get there.
Just keep making that snowball bigger each month!
Well. If it makes ya feel any better there’s plenty of people on my discord that have multiples more than I do. There’s always bigger portfolios out there. One discord member has a 65 million dollar portfolio.
It all depends on what you objective is. You must do your math but for example this 300/month saving effort might turn into 300/mo income in 10 years. And the snowball only grows bigger from there if you can afford the time to let it.
Better than me atm.
I haven't been able to add to my account in 2 years but I'm whooping the market still.
Got debt to pay off, a newborn soon to come and I make min wage.
My Roth IRA and taxable account totals 110k now. 3 years invested and 6 years of money saving before I began investing.
In short I'm just saying you'll be fine in the long run as long as you have investing as your goal
@@JosephCarlsonShow oh I know there’s a bigger fish always, but I have joined the Patreon and looking to make sound purchase using qualtrim. I enjoy the simplicity of it as everything else is overwhelming for someone who is not very literate in this field as of yet.
Don’t forget TurboTenant. I use this for my rental properties.
How does that site work?
Im really confused here. Why even show your account growing if its not organic? You putting more money into your account confuses people into thinking your account is actually making money.
Yea. It doesn’t make much sense to be honest. The thumbnail thing started from the first episode and then I just kinda kept it.
I do show the growth in gains too though, and returns. So you get the full picture.
Jo! I miss out the reverse seeing, like Charly Munger says: always invert! What can go wrong with Intuit? The next 5 years? This is as interesting as your reasons for buying in
Love the take on Elon! ❤
You should look into William Sonoma Inc, great balance sheet, no long term debt, 69% e-commerce with margins that have grown and a high return on capital employed, and the secret trojan horse of growth they're no longer just for direct consumers though that's great with brands like Pottery Barn but they're growing their B2B full stack design and furnishings business, think office space, hotels, restaurants etc.. And all this at a PE of 7 with a 3% yield which is a payout ratio of 28%. I think this is the easiest double since Meta.
You should at least look at it. Full disclosure I bought $11k at $114.
As for Intuit I really don't like their stock compensation and when Terry Smith asked about their buy out of mailchimp and overpaying they were like hey ok half of it was in our stock which made him go so you think your stock is overvalued? It's a wait and see for me, personally I'd rather Visa or MasterCard just drop like it did in March 2020 and load up as much as possible.
Does Qualtrim cover non-US listed companies?
is musk a conservative? he said in that interview he voted for biden. i think he just thinks independently on each individual topic. and because most of media is liberal he finds himself balancing that out a lot. if the media was all conservative he'd probably find himself saying lots of liberal things.
Ooh I thought Intuit was just TurboTax.. didn't know they're going for a Salesforce-y route..
Salesforce is more on sales and marketing, Shopify is more on online selling transactions, Intuit is more on backend tax filing and booking keeping.
Interesting enough I had a convo with a friend who was bragging about Star Link but said he cannot stand Elon Musk, yet loves the company’s product and happily pays for it. Some food for thought if your an investor in Tesla in that his antics don’t seem to stop people from using his products even though they don’t agree with his views.
Elon’s not a conservative
He is a Centrist
Go Elon !!! ✌🏻 Elon Musk is absolutely right !
Saying that you have no control over a non-profit, and implying that you have no influence over it doesn't necessarily mean that you don't. He's very well spoken, but that was standard executive language. My wife is a free thinker, and I have no control over her decisions. Sure, that's true, but it doesn't necessarily mean that I don't have a significant influence over the life decisions she makes. She's not going to make a major financial decision that would negatively effect me and my kids without considering the consequences, and how that would effect our relationship. Now replace me with Microsoft and my wife with open AI. Elon may be on to something.
Thx for contents
26:22 you meant Xbox?
Elon Musk is not a conservative. He says so repeatedly.
He got conservative after Cal pissed him off with covid lockdowns at his plant and more high handed gov pressure on him. He does love Biden or gov subsidies on his EVs and new plants. Notice he never says a bad word about China. He knows better than that.
He literally said to vote Republican in the 2022 elections...
@@Integr8byDarts That doesn't make him a republican
Literally the H man!!!
@@Integr8byDarts And he literally said he voted for Biden......so?
Didn’t Terry Smith boot this company from Fundsmith?
I dont think Disney is waging a battle on florida or politics. I believe Disney is going to war with ron desantis. This is like a personal vendetta between the two and it sucks that florida and the people of florida are in the middle of it.
I think Intuit's future is bright, and Quicktax is really solid for me, but I'm just not comfortable with the amount of lobbying a lot of these tax prep companies reportedly do to make our tax filing lives more difficult.
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I guess you could say Joseph is into it. ;)
Joseph hates employees getting stock options. Perhaps he should consider the importance of having buy in from your people.
Because stock based compensation has been grossly abused.
A company with a similar business model to POOL is watscon WSO, large distribution businesses with 120k contractors but they distribute heating and ac units. They have majority market share
I like POOL on most aspects, except its current price.
Coming here after the recent upload...LMFAO
36:42 - 37:02 Love the show, but you're way off base with this view here. Companies by nature, especially Fortune 500 companies, are not Liberal or Conservative. Vast majority of CEOs are conservative and vote for Republicans because they get tax incentives from Republicans (and conservative Dems). But, they're also business-minded individuals and if they think they can either corner a particular market or gain more market share, they're going to say what they need to to get more profit for their company.
This fight between DeSantis and Disney is a one-sided affair because DeSantis has a huge ego and wants to win each and every argument he gets into, even to his own peril. This fight might win him votes with the base, but this is a losing battle. Trump will pile on him like an attack dog, and rightly so. DeSantis has repeatedly shown that he is a vindictive and angry leader, so dealing with China or with the EU or with Congress will be a nightmare scenario because those people know how to get under your skin and force you to make unforced errors that heavily favor their positions.
Lastly, the reason that other politicians don't lash out and attack CEOs for voicing an opinion that they may not like is for the sheer fact that it most of them don't want to go down into the mud or angrily react. Gavin Newsom of California has not lashed out in public at Musk every time he tweets or says something completely idiotic or asked the California Legislature to make laws that only target Musk's companies.
I totally respect your call. I don’t need another super low. Give it in yield player in my portfolio but it seems pretty good.
That interview really confirms my idea of Elon
Does qualtrim work for stocks in Sweden and/or europe?
No
About Disney - it may have started out that Disney was on the losing hand with De-Santis, and incorrectly got involved in political issues. However, it seems with recent attacks on desantis from his potential 2024 challengers for his anti-business war with Disney, and the return is of it's more savvy CEO - the tables have turned.
The mouse will be there longer than Densantis will, and the response from Desantis may be correct that Disney was planning to scrap the expansion anyways due to various business reasons. But nonetheless - it makes Desantis look bad and gives more fuel to his opponents and hurts him politically.
Dis/Iger + 1, Densantis -1
Perhaps a small victory for Disney here. Overall though certainly an unforced error made by Disney. If you think Disney is correct or not will depend on where you land politically. That being said, half the country will disagree with you when you take a strong political stance, and that is the issue for Disney
@@ryansuelzle9067 Yep and I couldn't agree more, on all fronts.
Disney divisive? Ron de Sanctamonius was the one who started this, and tried to persecute them.
Well said on Elon except for one thing. I'm pretty sure he said hes liberal. He's not conservative hes just rational and it's rare to see a rational liberal these days.
Elon is a hardcore anarcho-libertarian except when it comes to foreign dictators, he goes hardcore for those
agree, he don't even believe in God.
can u share ur take on TFC truist financial? looks very undervalued in the banking
Elon Musk isn’t necessarily conservative. He’s a libertarian!
We need more such people…🤔
How so?He said that voted for Trump.
@@g.angelov2494 obviously chose the lesser of too evils so to speak...i mean on come Hillary as president?
He's definitely not a libertarian. If he was than people who speak out against him would be granted the same "free speech" that he claims he loves so much. Musk is like every other billionaire, they only look out for themselves and don't care about anyone else. Hate to break it to ya.
@@g.angelov2494
Elon didn't vote for Trump; he voted for Biden in the last election. Also, a decade ago, he would be considered a liberal. He still considers himself a liberal, just not what that has turned into today.
@Droid666 Exactly right. He does not identify as a conservative. Hes just not a woke leftist.
Your thumbnail said you bought 20K but yet in the beginning of the video you say you bought only 10K
Hi Joseph. I have a question, when you buy more stock do you add money from other revenues or from this account earnings?
From UA-cam income, devidends and other incomes.
@@mattmasteringer4399 I see, thanks
Between Microsoft and Tesla which company do you think will have best future growth longterm without bias of past pick?
It's a bit disingenuous to compare Disneys political statement with Elon's being as Disney made one statement a year ago and then had the governor actively target them, is trying to remove their special district status and carry out a concerted effort to punish them for speaking out against him.
Joseph is a conservative if you haven't noticed. It's not a surprise to me that he said what he said.
I disagree. Disney is on a political warpath. It's not just with Florida's governor. I did sell their stock over a year ago. Same with Coca-Cola. I'm older and I think Walt Disney would be rolling over in his grave if he knew what his company was all about nowadays. I guess Elon can say what he wants because I am still invested in Tesla I think the growth potential over the next 10 years is too much not to have a little bit invested. So I guess if you have the right growth potential you can say what you want.
@Steve Aigner Disney said one thing. Musk has said numerous things including actually instructing his followers to vote Republican. It is in no way comparable. The only thing comparible would be for Biden to remove EV credits from Tesla a move you wouldn't approve of, which is exactly conpariblr to what DeSantis is doing to Disney. Its disingenuous and hypocritical.
@@TheHjames86xYeah. This video makes that pretty clear. It’s very disappointing. I’ll never watch another one of his videos again. I follow several investment channels on UA-cam, but other influencers have the common sense and respect to keep their political views to themselves. But like Elon, Joseph really doesn’t give a shit if people know what kind of person he is, or the types of people that he supports.
Don't say Terry Smith didn't warn you.
Actually you didn't biuy intuit since isn't in your dividend portfolio looking at the link, so why you are pumping it saying you bought? Did you male a call on it?
intuit is definitely the small business standard and has been for awhile. However, as an intuit software (Quickbooks) user I am actively researching and awaiting another option to emerge. The software is not intuitive out of the box, and lacks product education to be user friendly. Intuit also lacks quality customer service for there software, leaving many to seek out education and support from other avenues. I don't think I am the only customer waiting to jump ship.
INTU was one that I sold when it was $291. That's over 53% upside missed!
I personally had to take advantage of the recent dip in MSCI. I love the growth and reliability of it a lot!
Too much risk in Intuit IMO. The IRS can do our taxes for us. Thats how they do it in other countries.
I heard IRS is planning to simplify taxes. If that happens, then the need for TurboTax will be much less.
So.... fantastically, microsoft invests 10 billion in open ai for charity
It makes sense
Where did anyone say it was "for charity"? Or do you not know what a "non-controlling interest" is?
Didn't Terry Smith just sell Intuit?
The people who balk at the idea that calling Soros the 'enemy of humanity' is rooted in antisemitism are often the same people who say any criticism of Israel's policies on Palestinians are antisemitic. I have no problem with criticizing George Soros if people identify specific 'horrible' things he's done. But overly broad attacks like what Elon did justifiably makes people raise eyebrows.
Terry Smith explained why this company is garbage...
If sony is so monopolistic, why isn't it in the portfolio? On a serious note though, CoD is a console mover. A 10 year agreement isn't a guarantee that it can be renewed. I wouldn't be surprised if they made it exclusive later on.
Has spoken his mind not has spoke his mind
Congratulations on your new investment! It's always interesting to see your thought process and strategy in action. Your transparency in sharing these big moves is greatly appreciated and provides a lot of valuable insights. Looking forward to seeing how this plays out. Keep us updated!
Not a position i would hold. Too much possible disruption.
Elon speaking his mind unprovoked is not equal to Iger's response to DeSantis. Unless you forgot, Desantis started messing with Disney because they had LGBTQ scenes and staff involved in their products and tried to force them out of the agreements arranged for the park roads which coincidently, would have cost Floridians. The idea that you think it is liberal to live and let live and someone acting like a teenager at the helm of a publicly traded company shows you lack some understanding of the difference.
Also worth pointing out is that it was "liberal policy" as you call it that made Elon's current windfall possible. He is literally crapping in his own nest and yes, that will have some impact. I wouldn't say it will have any major impact as most people have no trouble with hypocrisy these days. Elon is the world's most subsidized billionare and he criticitizes the welfare state in another ironic twist. Such is the new capitalism we live in.
I thought Intuit was in the middle of a class action lawsuit.
Just because a companies books looks better over time, it's not a guarantee the price will go up over time. It's still has risk.
Joseph, I see how this goes... Now that you're Intuit, welcome to the club.
I don’t think you actually know why you own what you do. Lol
That last statement is incredibly untrue. In most cases no one knows outside of the owners of the company what their political views are. No one tells Walmart not to pour billions into anti-public investment initiatives, specifically, but no]t limited to, school choice; which is very openly a “right wing” position. It’s Elon’s poor tact and general low character that bothers the average person. Of course in a time of political change where extreme political positions win you clicks and attention, a low integrity human like Elon Musk will use this to his advantage, stoking the very anger and attention you are complaining about. I really like your work and will continue to support your channel, but this take was a bit tinged by your own political beliefs I think. Thanks for your excellent work, keep it up.
If you look over my history, im for sure not a fanboy of Elon musk. I find a lot of his behavior detestable. But I certainly believe he gets more focus and criticism from the media than many other politically motivated companies. Disney, Apple, the NBA are always strong supporters of social issues, fighting US state policy, while doing as much business in China as possible ( same with tesla).
It’s all a bit dumb to me haha. But this is why I’m not a close follower of politics to begin with.
I was looking into intuit to after the acquisition of credit karma
going to guess Joseph does not play games because Microsoft said the same thing when they bought Bethesda. right after buying it, none of the games coming out of those studios are coming to PlayStation or Switch. There is nothing stopping microsoft from doing this exact same thing again with activision. Personally i couldn't care less if microsoft bought activition but to pretend like microsoft is this all kind company that has the industry interest at heart is not true. And this is coming from a microsoft investor myself. Sony isn't scared that call of duty is going to be on switch. Lets be honest here. noone is gonna be running out to buy COD on switch even if it was released there. 10 fps at 480p resolution lol. "hardcore" games historically have always sold terribly on nintendo's system to a point where many developers stopped releasing their titles on them. Sony's fear is that microsoft will pull the games from playstation like they did with Bethesda games. Also lets not forget Microsoft initially talked about 8 years or so of guaranteed release on playstation. This still implies exclusivity in the future which disproves the entire point you are making in that section assuming they would even keep that promise. I love your videos but your comments regarding this was so far off in my opinion anyway.
I’m a finance Director for an NGO 20+m year 70 employees and we use QB for 15 + years.
Joseph - you are just absolutely awesome! So inspiring!! Request - can you please do a video on PTLO stock? It is one of the amazing restaurants chain in the Chicago region! Look forward to it.
I think Intuit is a great buy. But idk about the timing
Have the feeling that AI will be able to fill the tax return without Turbotax
TurboTax uses ai. It also has real tax exsperts to double check if ai fails
Thanks Joe,
Very insightful review of your asset allocation strategy and great analysis of MSFT/ATVI acquisition. Loved your thought on Musk interview.
I would suppose AI engines could quickly solve tax filing and other administrative tasks a small company might need
I respect Musk tremendously and think it is great that he values honesty. That being said, the stark contrast between how he and Nadella speaks, makes it clear who'd I rather have handle delicate questions. interestingly I'm heavily invested in both Tesla and Microsoft and will continue to be. They are both visionaries, but Musk takes on bigger challenges - and they both have managed to execute well. That's how it balances out.
And paying taxes helps you die faster 😂
Wow, this is a great UA-cam video. I’m new here and this is a breath of fresh air. Joseph, thank you for sharing your knowledge, I’m a subscriber now.😊
Still should’ve bought PLTR Joseph.