Alright, I’m doing a little rebranding on my X account.
Im primarily going to use this account to show my journey in the market. I’m posting here for the constructive criticism and accountability. I’m not posting here to get the pats on the back (they feel good but most of yall are 10-10000x where I am at). When I 100x I’ll take a pat or two.
My portfolio consists of my RH account, a traditional 401k of $100k, a back door Roth of $45k, $100k in equity in my rental house (upper middle class rental - profit $1100 a month), and 40k in equity in the new home.
Including my mortgages I am sitting on about $650k in debt. The debt is healthy in my opinion. It’s student loans, mortgages, and two car notes with less than $20k on each car.
I’ve subscribed to @TicTocTick ‘s substack. I’ve been a sub before and just didn’t know how to utilize what he was saying. His newsletters are usually spot on. I’ve seen people change their life’s following this guy. I’m ready for that to be me and that’s going to be my current journey I’m documenting. I’ll mainly play MESM futures and the occasional options. I am confident if I follow him correctly I can be on my way to some life changing money.
A little about my investing journey - I started in 2020 when the stocks crashed that March, I was 22 at this time. Bought heavy into cruise stocks and rode waves up and down. Finally had enough and sold them and bought the mag 7 in August of 24’. Overall I have doubled my account but it has been 6 years and tons of losses along the way. The only reason my account “doubled” was because I bought the mag 7 at a crash and sold and moved to the current stocks. I’m 20% from ATHs.
The current stocks I’m in came from @TheTechInvest’s early assessments and from my own research. He opened my eye to HIMS, OSCR, SMCI, IREN and CIFR. Tech has given me solid advice and is a great person. I did not exit HIMS or SMCI when he did, I felt too much conviction and I got bagged. I still like HIMS. But as you can tell IREN, CIFR, and OSCR are all paying off. I’ll continue to look to him for solid long term plays.
I’m posting where I am at today with my account, as well as my first day of futures. Yes, $100 ain’t shit - but I’m just trying to get a few bucks until I’m confident. I used Tic’s newsletter to skim off $100. Hopefully soon it’s $1000.
Oh and shoutout to @pepemoonboy - I feel like me and him have similar lives but he is easily 10x ahead of where I am and he’s true motivation for me. He makes things feel very realistic.
🚨 INDIA MAY HAVE JUST WITNESSED ONE OF ITS BIGGEST ACCOUNTING FRAUDS EVER.
SEBI alleges that Rajesh Exports, one of India's most well known gold companies and a Fortune Global 500 firm, faked $158 billion in revenue, 99.8% of everything it ever claimed to earn over the last 5 years.
Rajesh Exports owns a Swiss gold refiner called Valcambi SA through overseas subsidiaries.
The parent company booked the full value of refined gold as its own revenue, even though it never owned the gold. It only held it temporarily for refining on behalf of customers.
Valcambi's own audited financials show it generated less than 0.5% of what Rajesh Exports was claiming as group revenue.
When SEBI asked for subsidiary financial records, Rajesh Exports repeatedly refused, citing Swiss privacy laws. SEBI is legally authorised under those same laws to request the records.
SEBI also found $1.3 billion in recorded transactions with a firm called Affluence Shares and Stocks.
Affluence told SEBI directly that Rajesh Exports was never its client, no agreement existed, and no trades were ever executed.
SEBI alleged those entries were fabricated to match gold derivative trades the owner was running through his personal account using company funds transferred without board approval.
Owner Rajesh Mehta has been banned from all securities market activity and a forensic audit has been ordered.
LIC, India's largest state insurer, owns 10.8% of the company.
The company has denied all charges and plans to contest the order.
@vivekrajan1380@Polymarket They’re naturally both violent and non violent lol. This is only 9k years ago. These people evolved from violent (justified) animals to civilized humans
I know most people have changed their thesis on $hims and that’s fair. Multiple reasons to go bear short term, but long term.. if peptides are reclassified in July and then August has semi good earnings then this stock can easily be in the $50s or higher
@zerosum24 I just don’t get it then bruh.
They act like this when another race shoots them. But zero outrage with all their inner community killings?
Genuinely I don’t get it. They are the only race on the planet that does something like this