Wirtschafts Rationalist

YT: Wirtschafts Rationalist
EX-Tesla All IN,
NOW: $LMND, $BETR, $HCI, $NVDA, $MU

Oktober 2028 Steuerberaterexamen.

[Wirtschafts Rationalist @FelixKern2]

Portfolio-Update:

Mit 21 Jahren angefangen, heute 29 Jahre alt.
2017 - heute.
IRR: 31,11%
138.324,42 € investiert
461.923,54 € Gewinn (teilweise bereits versteuert)
600.247,96 € Depot

Größten Gewinner: $LMND $TLSA $GOOGL $BTC

Darstellung ist nicht 100% korrekt, zum 31.12.2025 werde ein paar Korrekturbuchungen vornehmen müssen, durch den Wechsel auf Interactive Brokers und den recht häufigen Verkauf von Optionen, ist es aktuell sehr schwierig dies in Portfolio Performance zu erfassen. IRR und Gesamtwert ist allerdings richtig.

Mein Portfolio besteht aktuell nicht aus 100% $LMND und die Aktienanzahl ist auch nicht richtig.

Ich habe durch Optionen aktuell auch noch ein Exposure in: $DUOL $META $NFLX $NVDA $PATH $ROOT $UBER $UPST

Bin gespannt wie es am Ende des Jahres aussieht und am 31.12.2026.

LG Felix

[attytrader @attytrader]

The HELOC opportunity is enormous.

Once Credit Karma fully opens the funnel, $BETR could become the largest digital HELOC lender in the country.

$RKT $FIGR $LDI $UWMC $PFSI

[attytrader @attytrader]

https://t.co/dAU8XmxCQq

This looks promising.

$BETR @vishal_better

[Wirtschafts Rationalist @FelixKern2]

@Axe221Axe @vishal_better Wir haben doch noch keine Antworten erhalten.

[Wirtschafts Rationalist @FelixKern2]

Hey @vishal_better, on behalf of Better’s retail shareholder community, we’re sharing a constructive letter with questions on Tinman AI ARR, SBC, financing, partnerships, guidance, and long-term strategy. We ask because we care deeply about the business and the stock. $BETR

[Wirtschafts Rationalist @FelixKern2]

@Neil_X10 @vishal_better Here is a good video. There you can see the "tech stack" and whats different from competition.

.https://t.co/riFVFfP7uX

[Wirtschafts Rationalist @FelixKern2]

@vishal_better Thanks a lot!

[Wirtschafts Rationalist @FelixKern2]

@vishal_better , appreciate the honesty here. The part that worries me isn’t the need to cut costs - that’s rational - but the framing.

You need to understand that we as shareholders don’t have the same insight into the business that you do. So wording matters a lot, because shareholders will naturally interpret everything you say to understand what the implications might be.

When you say we need to continue cutting costs to get to breakeven and wait until consumer behavior changes, it can sound like the main plan is to survive until AI adoption finally reaches the mortgage market.

So my question is: what are the concrete growth levers Better can pull over the next 3–4 quarters if the mortgage/refi market stays weak? How should we think about the expected scale and timing of NEO, Credit Karma/refi, partnerships, HELOC or other channels?

In other words: is the path to breakeven mainly cost reduction, or do you already see a partnership/product pipeline that can materially ramp revenue in 2026 / early 2027?

[Vishal Garg @vishal_better]

Stories like this confirm for me that the future of real estate driven by AI is truly coming……and I acknowledge that we have to continue to cut costs at $betr to make sure we get to breakeven and then are able to lean in as consumer behavior does finally change and this one transaction goes from being the fringe to the norm. We’ve survived the last 10 years and will thrive in the next 10.

I Tried to Sell My House With a Chatbot https://t.co/5RbcOAvCfk via @NYTimes

[Wirtschafts Rationalist @FelixKern2]

@Mabiverse123 how are 24b assets that important 🤣😭

[Wirtschafts Rationalist @FelixKern2]

🫠🫠🫠

[Wall St Engine @wallstengine]

US10Y > 4.5%

[Wirtschafts Rationalist @FelixKern2]

@SK_Invests007 @shai_wininger They have no controll over the stock price, buisness KPIs are performing extremly good. Just wait 5 years and this stock price from today will look like a bargain.

[Wirtschafts Rationalist @FelixKern2]

@shai_wininger The link is wrong, right?

[Wirtschafts Rationalist @FelixKern2]

Completely agree with the S&P.

[Sawyer Merritt @SawyerMerritt]

Wow, the S&P Dow Jones Indices has just officially announced that they will NOT be changing their inclusion rules to make it easier for “MegaCap” companies (such as @SpaceX) to be fast-tracked into the S&P 500.

Their reasoning:
"S&P DJI determined that exceptions to the financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization. The decision not to adopt the proposed exceptions preserves core index principles by maintaining consistent application of these key requirements. Although there may be trade-offs between strict adherence to these eligibility requirements and broad representativeness, the current methodology provides substantial market coverage and sector balance. As a result, the indices can continue to meet their stated objectives while preserving their role as representative and investable benchmarks for the U.S. equity market.

No changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF, for the S&P 500, S&P MidCap 400, or S&P SmallCap 600 as a result of the S&P Dow Jones Indices consultation on the treatment of MegaCap companies. Accordingly, there will be no changes to existing methodology for this index family."

This means that the earliest @SpaceX could be eligible to be added to the S&P 500 would now be June 2027.

The requirements that will now remain in place are:
• No changes to S&P 500 eligibility rules for mega-cap companies.
• Mega-cap companies will still need to wait 12 months after their IPO before being considered for S&P 500 inclusion.
• S&P will not waive profitability requirements for mega-cap companies. The company must have positive GAAP net income in the most recent quarter, and the sum of the most recent four consecutive quarters.
• S&P will not waive minimum public float requirements for mega-cap companies. At least 10% of a company's shares must be publicly tradable ("free float").

The S&P rejected proposals that would have:
• Reduced the IPO seasoning period from 12 months to 6 months
• Waived profitability requirements
• Waived minimum public float requirements

[Coinbase 🛡️ @coinbase]

The first ever Fannie Mae-insured mortgage backed by BTC in the U.S just got funded.

Originated and serviced by Better, powered by Coinbase.

Rolling out nationwide this summer.

[Wirtschafts Rationalist @FelixKern2]

CONFIRMED: $BETR and $COIN are now "live".

[Hardik Shah @AIStockSavvy]

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Better and Coinbase Complete First U.S. Bitcoin-Backed Mortgage Eligible for Fannie Mae - $BETR $COIN

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ Better and Coinbase complete first 𝐛𝐢𝐭𝐜𝐨𝐢𝐧-𝐛𝐚𝐜𝐤𝐞𝐝 U.S. mortgage eligible for Fannie Mae backing.

➤ Borrowers can pledge 𝐛𝐢𝐭𝐜𝐨𝐢𝐧 and 𝐔𝐒𝐃𝐂 as collateral without selling assets.

➤ First loan closed for homebuyers in 𝐀𝐧𝐧 𝐀𝐫𝐛𝐨𝐫, 𝐌𝐢𝐜𝐡𝐢𝐠𝐚𝐧.

➤ Product expected to launch 𝐧𝐚𝐭𝐢𝐨𝐧𝐰𝐢𝐝𝐞 for qualified borrowers by summer 2026.

➤ Structure helps borrowers avoid 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐠𝐚𝐢𝐧𝐬 taxes from asset liquidation.

➤ Coinbase provides 𝐜𝐮𝐬𝐭𝐨𝐝𝐲, compliance, and risk-management infrastructure.

➤ Companies plan to expand support to additional 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐚𝐬𝐬𝐞𝐭𝐬 over time.

💬 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

“The 30-year fixed mortgage was designed for a generation that kept its savings in a bank account and built equity through a single employer,” said Vishal Garg, Founder and CEO of Better.

“That’s not the financial reality of millions of qualified buyers today that are building real wealth in digital assets.”

“Tens of millions of Americans have built real wealth in digital assets,” said Mark Troianovski, Head of Consumer and Platform Partnerships at Coinbase.

“That wealth now has a direct path to homeownership.”

[Wirtschafts Rationalist @FelixKern2]

@Mabiverse123 https://t.co/GRVUKu1vQu

[Wirtschafts Rationalist @FelixKern2]

@xDreamCoding @SawyerMerritt @SpaceX @IBKR normally there is a lock up phase, are you sure?

[Wirtschafts Rationalist @FelixKern2]

@AIStockSavvy I can not find the source.

[Wirtschafts Rationalist @FelixKern2]

@xDreamCoding @SawyerMerritt @SpaceX @IBKR This IPO price is so unattractive, why would every want to participate in the IPO.

[Wirtschafts Rationalist @FelixKern2]

@Mabiverse123 I hope he doesnt optimize, I want the dry truth. Chances, risks, everything.

[Wirtschafts Rationalist @FelixKern2]

I dont want to hear pumping sales people brainrot.

You can detect if its real or wishful thinking, if you go deep enough with the questions.

If he says things just to push sentiment, he deserves to lose this company, in the end - only numbers matter. But sometimes numbers come way later, than the actual buisness improvements and in order to understand that, an deepdive is needed.

As an CEO is your task to lay out the vision and explain the world why and how you get there and why your way is the better one. Atleast in "disruptive" companies.

And why are u saying "rather", interviews/ answering questions is part of the process from laying it out.