I work in corporate finance and my job is to keep people from doing ridiculous things. Avoid scams & stupidity. I do the DCA strategy w/ Bitcoin & the Nasdaq100
Path to wealth -
• buy $BTC for LONG term savings
• max out 401K into $SPX
• max out Roth IRA
• utilize 529 plans for child's education
• own your home
• pay cash for 3+ year old vehicles
• use but ALWAYS pay off credit cards
• go to college on smart financial terms
THE WALKING DEAD: There's now 2,000 'zombie' ETFs that have less than $50m (profitability break even) thanks to a firehose of new launches (chart) and a mkt that never seems to go down. Only thing that will cure this is a hard rain (a la 2022). Good note on the rise of zombies from @psarofagis
I drew the boundaries of the counter trend correction as wedge. I got criticized by the novice for adjusting the boundaries to a channel.
The idea of a rising wedge and a channel is the same. It is still below the long-term average and a reactionary move in a downtrend.
In financial markets there is no place for dogmatism. $BTCUSD
$LULU - the great fall of Lululemon's stock as it continues the long term stage 4.
Down another 10% in pre-market which will bring it 80% below the high set in December 2023.
Stage 4's can be brutal and last for years!
No position.
SHOCKER: S&P 500 will NOT fast track SpaceX. So it will take AT LEAST a year, probably more. This is wild considering every other big boy index is 5-15 days. This could create significant return dispersion bt 'passive' indexes. Choose wisely.
$STRC has been intentionally engineered to have flex.
Creating the appearance of absolute stability at $100 would have led to fragility. Flexibility leads to antifragility.
I agree. This is clearly an important factor right now. And institutional mentality, as always, is contagious.
I also agree with the last line of this post.
In addition to the $BPTRX I have in my 401K which has a big chunk of $SPCX at a 1.25T valuation, I have just requested an additional 200 share allocation in my ETrade account. Let's see how many I get at the $135 IPO price.
Looks like we are going back to purchasing $50 per day of spot $BTC to move into cold storage. Auto purchase via Robinhood. Will do this as long as we remain below $80,000 🫡👍
I spoke with a member of the technical staff at Anthropic yesterday who is about to make $17 million.
He's been there less than 2.5 years and is blown away by his equity value. His biggest worry now is tax strategy.
His CPA told him to "max out his 401(k) and consider a donor-advised fund."
While that's a great starting point, here's what makes even more sense:
He's acquiring a 48 unit apartment complex in Phoenix for $14.5 million.
We're running a cost segregation study to reclassify approximately 30% of the depreciable basis into 5, 7, and 15 year property.
Here's the math:
• $14.5M purchase price
• ~$12.3M depreciable basis (excluding land)
• ~$3.7M reclassified to short-life assets via cost seg
• 100% bonus depreciation under OBBBA = $3.7M accelerated to Year 1
Plus standard Year 1 depreciation on the remaining basis adds another ~$315K.
Total Year 1 deduction: approximately 4M.
His wife is qualifying as a real estate professional 750+ hours, more time than any other activity. The loss is no longer passive. It offsets ordinary income.
At a 37% federal bracket plus 13.3% California, that's a combined rate just over 50%.
$4M × 50% = 2M+ in tax savings. Year 1.
Layer in operating expenses, loan interest, and startup costs on the property, the total offset against his Anthropic income crosses $3 million.
Not deferred. Not spread over 27.5 years.
Meanwhile, the property cash flows. He's converted concentrated tech stock into a real asset producing monthly income. And he's done it all before he files the return on his equity windfall.
This is what real tax planning looks like for tech liquidity.
If you're an engineer, exec, or early employee sitting on a meaningful equity position and your CPA hasn't mentioned cost segregation, bonus depreciation, or REPS qualification, you're probably leaving seven figures on the table.
BESSENT: "Sen. Wyden has slandered the Treasury building to cover up his son having an investment with Jeffrey Epstein."
WYDEN: "Nobody is interested in the rambling of a capo in the most corrupt regime in American history."
BESSENT: "Your son's largest investment position was Rick's Cabaret. Did your son and Epstein talk about poll dancing?
$STRC is interesting because it is not supposed to be interesting.
It’s Strategy’s Bitcoin-linked preferred, pays around 11.5%, and is designed to hang near $100.
So when it pukes below the peg area, I pay attention.
The last three times we saw this kind of $STRC flush, #BTC found a solid local bottom within days.
Not a guarantee.
But when the boring yield product starts acting emotional, it usually means stress is already getting priced in.
Last three times, BTC was close. Let’s see if it matters again.