This account exists to teach you about how to get the most from the financial markets and your portfolio. Occasionally I also will post about art and philosophy.
I made my first million by 28, I researched boring companies and bought ones I thought were undervalued with money from my day job. I worked every odd job and even had 2 full time jobs at the same time so I could invest AS MUCH AS POSSIBLE. I was able to step away from my day job permanently. It is really be that straight forward.
I manage a community filled with people who are doing the SAME EXACT THING. If youβre interested in learning about investing and growing your knowledge follow my account.
@Investmentkage@HeroDividend So far so good. Both filled with features and easy to use. I would recommend experimenting. Iβve left my bank and use it full time now
@stevehill1mil Imagine needing that money during a market downturn. Now you have to sell low when you may not want to. Also when the market is down. Thatβs when you find all the deals on stocks.
OH. MY. GOODNESS.
CITADEL HAS BOUGHT A MAJORITY OF THE PUBLIC ASSETS FROM LEOPOLD'S SITUATIONAL AWARENESS FUND.
So...Citadel scares everyone on Tuesday about a surprise rate hike during FOMC that WE ALL KNEW was not going to happen...
On Wednesday, the entire market freaks out about the rate hike which causes the selling to compound on itself creating 50-70% drawdowns across the board in high beta semicondcutor names...
Which means Leopold who we now know had $45B of assets and was 400% LEVERED ends up being the sacrifice as he gets liquidated at what theoretically could be the bottom due to not having the margin requirements to keep solvent...
AND THE PERSON WHO CAUSED THE SELLOFF WITH THE RATE HIKE FEARS ENDS UP COMING IN TO BUY HIS ASSETS FOR 40 TO 50 CENTS ON THE DOLLAR.
By the way, Leopold is getting married this weekend. I think he wanted to make sure he wasn't getting margin called during his wedding.
A vet on wall street in Ken Griffin takes out the young new kid.
ABSOLUTE. CINEMA.
@SmokeySnipe Cars like that will always be dumb and never make a whole lot of sense imo. But sometimes thatβs what life is about. Not making the βefficientβ or βsmartβ choice but making the choice thatβll have you smiling and a sense of adventure!