Ruby Mae

Designing a beautiful life on my own terms with strength, kindness, and purpose with a fresh perspective

[Ram Ahluwalia CFA, Lumida @ramahluwalia]

Why did Josh Kushner buy the Lakers?

It has nothing to do with ‘sports as an asset class’ as The Economist suggests.

It’s a powerful tax shield.

My guess is he is preparing to offset a boatload of carried interest income.

If you own a sports team, done correctly, you can get a deduction against income.

The goal in acquiring a sports team is to setup a ‘non-passive’ deduction.

(A passive deduction can only offset passive income.)

Active deduction follows because of ‘material participation’ under Rule 469.

It gets better.

The amount you can deduct year is based on a 15 year depreciation schedule.

That’s faster than the 27.5 year deduction found in residential real estate investments.

So, why now?

Kushner is about to see his W2 carried interest explore from his SpacEx, Stripe, and OpenAI investments.

That’s it.

Is it a free lunch?

No. There is ‘depreciation recapture’ at sale. Still, you are compounding on the deferred tax bill.

I wouldn’t be surprised if he is waiving his salary - typical for sports team owners.

What happens when you combine Investing, Tax, and Estate coherently?

That’s called Wealth Architecture.

[Ruby Mae @LGoldsmith32462]

Feeling optimistic, peaceful, and ready.

[Ruby Mae @LGoldsmith32462]

Feeling excited about what tomorrow might bring.

[Goshawk Trades @GoshawkTrades]

"every single trader out there seems to make the same mistake over and over again. their position size is probably two to ten times more than it should be."

martin shkreli built a kelly criterion simulator to test exactly this.

"most folks don't actually have an edge when they trade. but if they did, they're trading as if they had a 4x or 5x kelly edge."

"if you run the simulator, you will go to zero each time."

"even with a 60/40 edge on every trade you make, you'll go bust if you overbet."

"and who has a 60/40 edge in the stock market? nobody has a 60/40 edge."

even a real edge, sized wrong, still ends at zero.

sizing is too commonly the part I see every trader consider second or third.

[Ruby Mae @LGoldsmith32462]

Feeling proud of how far I’ve come.

[Ruby Mae @LGoldsmith32462]

Happiness is found in the simple things around us 💕

[Seraph @Seraph_global]

SERAPH Game-to-Game Talks! 🎙

TOPIC: STUDIOS DEVELOPING WEB3 IP GAMES

Co-hosted by @iiitsmenotyou, and our friend @RastislavBakala from @QORPOworld, the developers of @CitizenConflict & @playAneeMate, as guest!

⏰： 29th Oct, 2:30PM UTC
🔗：https://t.co/Qu2AtKXaut

[Seraph @Seraph_global]

Excited to be here at @binance Blockchain Week! 🙌

Connecting with the Web3 community has been an incredible experience, and we’re especially honored @_RichardTeng joined us for an awesome photo session with our Seraph characters! 🫶

The excitement doesn’t stop here — join us tomorrow at #BIA for more in-depth discussions and Seraph magic.

Can’t wait to see you there! 🔥

#Binance #BinanceBlockchainWeek

[Seraph @Seraph_global]

Calling all builders! Exciting prizes await at #BNBHACK Bangkok 🇹🇭

[Seraph @Seraph_global]

Check out the deep dive article about us on @CoinMarketCap!

[Ruby Mae @LGoldsmith32462]

@Seraph_global @miracleplaygg @BNBCHAIN This will rock—