Sometimes watching porn I like to pretend I'm the "woman" it's called empathy not homosexuality.
bears are always fucked
Last week I went to go outside for a smoke and this other guy was there smoking as well. We got to talking and the talk of options trading came up. I accidentally slipped that I had bought a SPY put to hedge my portfolio. He immediately gets excited takes off his pants and bends over. Didn't realize he was a ππ» this whole time. Ofcourse I obliged cause bers r always fukkd
Last week I went to go outside for a smoke and this other guy was there smoking as well. We got to talking and the talk of options trading came up. I accidentally slipped that I had bought a SPY put to hedge my portfolio. He immediately gets excited takes off his pants and bends over. Didn't realize he was a ππ» this whole time. Ofcourse I obliged cause bers r always fukkd
What happened to this ad? :(
My wife told me to talk dirty to her
So the wife and I were getting into it and she told me to talk dirty to her. So I called her a filthy slut.
She said βdirtier!β So I smacked her around and told her I was going to use her like the cheap whore she is.
She said βdirtier!β So I said βIβm gonna stick some SQQQ in your portfolio. Iβm gonna put it in long and deep. Iβm gonna fill you up with way OTM SPY puts.β
She then slapped me, packed a bag and took the kids. I think weβre getting a divorce.
So the wife and I were getting into it and she told me to talk dirty to her. So I called her a filthy slut.
She said βdirtier!β So I smacked her around and told her I was going to use her like the cheap whore she is.
She said βdirtier!β So I said βIβm gonna stick some SQQQ in your portfolio. Iβm gonna put it in long and deep. Iβm gonna fill you up with way OTM SPY puts.β
She then slapped me, packed a bag and took the kids. I think weβre getting a divorce.
GME investor thinking what they will do after they're rich
If all this plays out as the DD states (it will), the system is going to be bled so bad it's going to make the recession look like childs play. Even if it's a fraction of the maximum damage some of the highest end DD states, we are still going to breach numbers beyond our wildest dreams. I think it is important that you take more than a few moments to yourself to recognize the gravity of that kind of lifechanging occurrence.
Personally, in my dream world after all this is over, I'd like to imagine the following scenario:
Apes gain enough money to impart systemic change on a global scale. We have apes from literally every corner of the world in this play. Hell, I wouldn't be surprised if a scientist on Antarctica was in on this. That is a global redistribution of wealth. This isn't just the US that benefits. The Europoors are here in droves, I've seen posts from a Phillipino trying to help his dad and a South American who cobbled together 3 months wages to buy 1 share of Gamestop. ONE SHARE FOR THREE MONTHS WAGES! Imagine that level of poverty disparity for one second. That person is going to come into that global economy money. If she held out to the top end, imagine what kind of change she could impart on her community to help invest in infrastructure, businesses, technology. Things that are lacking in her neighborhood. I live in Mexico (but am American) and personally, I would love to use the money to help fix Mexico's sewage problem so we can finally drink the tap water.
Maybe these projects can't be done on a governmental scale. You'll be helping a percentage of your community that you can afford with the money you have. But, if everyone, and I mean everyone, who made money off this play used it to invest in their communities, imagine the growth?
The World Health Organization said that it would only cost $30 billion dollars to fix world hunger. What if we get trillions? Individually, across the entire world, we could grow just about every nook and cranny of society based on what we know for our respective territories. Remember the age old issue of "starving children in Africa"? As an American, we literally hear that all the time from our parents if we don't clean our plates off. It's like making a joke of a serious issue that has gone ignored for god knows how long. Maybe the wealth that gets transferred to individuals in Africa will be more effective than the money that is being used now for infrastructure and societal projects in those regions because they actually care because they're a regular, empathetic, caring person. I don't know what all the current problems are in the world. Media is not a very good outlet for communicating all the problems in the world because there are just TOO MANY. but I know what the current problems are in MY area. Really, as long as you're investing in other people who do these things because they have more expertise, that is totally fine. Playing the stock market is actually a really good way to vote with your money. Just contribute back.
So, in my perfect world, none of you bought actual lambos (well, maybe treat yourself if you end up one of the $500 million/share moonshotters). None of you bought mega mansions or $100,000 watches. You lived an upper modest life, because you deserve that for having the cohones to play this play. You don't support those industries that cater exclusively to people who have so much money they'd rather buy something monumentally expensive than be more mindful of their environment and try to improve it. Imagine if all of us just became more asshole rich people? The people we used to hate because all they did was buy luxurious items while the world burned around them. What you did was you were maybe a Flint, Michigan resident and you helped fix the plumbing to some degree, but got the city to pay you based on the water usage. You were a resident where power is inconsistent and you build some solar panels and charged the city for their use. You were a citizen where food is sparse and poverty is immense, and you invest in farms and you sell locally. Whatever you're passionate about that's a problem in your area.
And not just that:
We continue our immense collective power to amass information on stuff that's important that will also make us a shit load of money (because the more we make, the more we can fix our own problems). I really hope we don't see a day where the DD stops flowing. We can't let such an information engine die after this. Can you imagine what knowledge we'd find if we dedicated our efforts on learning something else like we did with GME?
Going further than my previous example, I would love to see a world where there are focused mega-projects we decide to work on as an investigative unit. Dig into theories of why they're not working, what could be done to improve it, and who can or is doing it so we can financially support them (assuming they have sound business models).
I'm definitely writing this stoned off my tits, so maybe this will be just the musings of someone who likes the stock, but it felt like something worth talking about because I'm not sure we'll get another opportunity like this for generations. I can't even really think of the LAST massive citizen wealth distribution we had and frankly, I'm too lazy to google it, but it was a long ass time ago I'm sure.
I'm just really jazzed about all this. It feels like a giant ass step forward for humanity, if I'm being honest (and again, really stoned. In fact, the longer I write this, the more stoned I'm becoming). I feel like the world powers lost their grip on control for a moment and you know what? Everything is alright. Maybe one day we will actually ease up on all this conflict and start working together as a species.
End rant. Lord. If anyone actually reads this, I'll be surprised xD.
Edit: Oof. Just read this nasty piece of news: https://futurism.com/the-byte/scientists-mass-extinction-organisms-flee-equator What if this becomes our next project? Fix the environment, one city at a time.
Thanks for joining me in my musings
Edit2: You know what I'm gonna do? When I get my tendies I'm gonna hire some software coders and web designers to make a site that tracks the perceived importance of issues, voted on by the people and link them to subreddit communities for people who want to help. You might have to look at some ads, so I can keep it free, but it could be a nice way to rally the world to certain causes or act as a metric for world notice/care/importance.
If all this plays out as the DD states (it will), the system is going to be bled so bad it's going to make the recession look like childs play. Even if it's a fraction of the maximum damage some of the highest end DD states, we are still going to breach numbers beyond our wildest dreams. I think it is important that you take more than a few moments to yourself to recognize the gravity of that kind of lifechanging occurrence.
Personally, in my dream world after all this is over, I'd like to imagine the following scenario:
Apes gain enough money to impart systemic change on a global scale. We have apes from literally every corner of the world in this play. Hell, I wouldn't be surprised if a scientist on Antarctica was in on this. That is a global redistribution of wealth. This isn't just the US that benefits. The Europoors are here in droves, I've seen posts from a Phillipino trying to help his dad and a South American who cobbled together 3 months wages to buy 1 share of Gamestop. ONE SHARE FOR THREE MONTHS WAGES! Imagine that level of poverty disparity for one second. That person is going to come into that global economy money. If she held out to the top end, imagine what kind of change she could impart on her community to help invest in infrastructure, businesses, technology. Things that are lacking in her neighborhood. I live in Mexico (but am American) and personally, I would love to use the money to help fix Mexico's sewage problem so we can finally drink the tap water.
Maybe these projects can't be done on a governmental scale. You'll be helping a percentage of your community that you can afford with the money you have. But, if everyone, and I mean everyone, who made money off this play used it to invest in their communities, imagine the growth?
The World Health Organization said that it would only cost $30 billion dollars to fix world hunger. What if we get trillions? Individually, across the entire world, we could grow just about every nook and cranny of society based on what we know for our respective territories. Remember the age old issue of "starving children in Africa"? As an American, we literally hear that all the time from our parents if we don't clean our plates off. It's like making a joke of a serious issue that has gone ignored for god knows how long. Maybe the wealth that gets transferred to individuals in Africa will be more effective than the money that is being used now for infrastructure and societal projects in those regions because they actually care because they're a regular, empathetic, caring person. I don't know what all the current problems are in the world. Media is not a very good outlet for communicating all the problems in the world because there are just TOO MANY. but I know what the current problems are in MY area. Really, as long as you're investing in other people who do these things because they have more expertise, that is totally fine. Playing the stock market is actually a really good way to vote with your money. Just contribute back.
So, in my perfect world, none of you bought actual lambos (well, maybe treat yourself if you end up one of the $500 million/share moonshotters). None of you bought mega mansions or $100,000 watches. You lived an upper modest life, because you deserve that for having the cohones to play this play. You don't support those industries that cater exclusively to people who have so much money they'd rather buy something monumentally expensive than be more mindful of their environment and try to improve it. Imagine if all of us just became more asshole rich people? The people we used to hate because all they did was buy luxurious items while the world burned around them. What you did was you were maybe a Flint, Michigan resident and you helped fix the plumbing to some degree, but got the city to pay you based on the water usage. You were a resident where power is inconsistent and you build some solar panels and charged the city for their use. You were a citizen where food is sparse and poverty is immense, and you invest in farms and you sell locally. Whatever you're passionate about that's a problem in your area.
And not just that:
We continue our immense collective power to amass information on stuff that's important that will also make us a shit load of money (because the more we make, the more we can fix our own problems). I really hope we don't see a day where the DD stops flowing. We can't let such an information engine die after this. Can you imagine what knowledge we'd find if we dedicated our efforts on learning something else like we did with GME?
Going further than my previous example, I would love to see a world where there are focused mega-projects we decide to work on as an investigative unit. Dig into theories of why they're not working, what could be done to improve it, and who can or is doing it so we can financially support them (assuming they have sound business models).
I'm definitely writing this stoned off my tits, so maybe this will be just the musings of someone who likes the stock, but it felt like something worth talking about because I'm not sure we'll get another opportunity like this for generations. I can't even really think of the LAST massive citizen wealth distribution we had and frankly, I'm too lazy to google it, but it was a long ass time ago I'm sure.
I'm just really jazzed about all this. It feels like a giant ass step forward for humanity, if I'm being honest (and again, really stoned. In fact, the longer I write this, the more stoned I'm becoming). I feel like the world powers lost their grip on control for a moment and you know what? Everything is alright. Maybe one day we will actually ease up on all this conflict and start working together as a species.
End rant. Lord. If anyone actually reads this, I'll be surprised xD.
Edit: Oof. Just read this nasty piece of news: https://futurism.com/the-byte/scientists-mass-extinction-organisms-flee-equator What if this becomes our next project? Fix the environment, one city at a time.
Thanks for joining me in my musings
Edit2: You know what I'm gonna do? When I get my tendies I'm gonna hire some software coders and web designers to make a site that tracks the perceived importance of issues, voted on by the people and link them to subreddit communities for people who want to help. You might have to look at some ads, so I can keep it free, but it could be a nice way to rally the world to certain causes or act as a metric for world notice/care/importance.
GME bank consultation
Short story-time for amusement reasons only:
some days ago, I went to my bank (Austria). I am the owner of quite a number of GME shares and my broker app is actually just the bank-intern bond trading app, where I need to pay transactional feed everytime I buy (what is sell?) GME shares. I informed myself about the reasoning of those transactional fees beforehand and found out that by paying them, I have the right of consultation by my bank about the shares theyβre trading/Iβm buying.
So, I went to the main national building of my bank, they were really friendly at the beginning, enthustiatically, I mentioned GME to them and that I wish for professional consultation about the financial details involved with that stock (I am not a financial guy, actually, I donβt exactly know whatβs going on, itβs all pretty crazy to me).
Suddenly, their posture and mimick changed pretty suddenly. I was told, they are not allowed to consult about GME. To my question, why this was the case, they told me, because GME is βtoo irrelevant for the big stock marketβ. They are βaware of the past short squeeze, but one should no longer focus on GMEβ. They acted as if GME was some βchildish financial playgroundβ that should be forgotten about. When I confronted them with the huge recent naked short attacks and if they could explain to me possible effects of them if they were not covered, they just repeated themselves how βGME is not relevant, please focus on stocks like Apple or Amazon to be safeβ.
I left the bank, buying more GME shares.
Short story-time for amusement reasons only:
some days ago, I went to my bank (Austria). I am the owner of quite a number of GME shares and my broker app is actually just the bank-intern bond trading app, where I need to pay transactional feed everytime I buy (what is sell?) GME shares. I informed myself about the reasoning of those transactional fees beforehand and found out that by paying them, I have the right of consultation by my bank about the shares theyβre trading/Iβm buying.
So, I went to the main national building of my bank, they were really friendly at the beginning, enthustiatically, I mentioned GME to them and that I wish for professional consultation about the financial details involved with that stock (I am not a financial guy, actually, I donβt exactly know whatβs going on, itβs all pretty crazy to me).
Suddenly, their posture and mimick changed pretty suddenly. I was told, they are not allowed to consult about GME. To my question, why this was the case, they told me, because GME is βtoo irrelevant for the big stock marketβ. They are βaware of the past short squeeze, but one should no longer focus on GMEβ. They acted as if GME was some βchildish financial playgroundβ that should be forgotten about. When I confronted them with the huge recent naked short attacks and if they could explain to me possible effects of them if they were not covered, they just repeated themselves how βGME is not relevant, please focus on stocks like Apple or Amazon to be safeβ.
I left the bank, buying more GME shares.
(βΜΏΔΉΜ―ββ¬β΄β¬β΄ Psst... kid, you wanna disable adblock?
Not financial advise
I'm starting to think the people telling me to buy BB at $20 were being serious about not being financial advisors
Can you guys critique my portfolio? New investor looking for guidance
Not sure if this is the best place to post this but I just inherited 1.5M from my distant uncle and want to make him proud. Right now my portfolio I have:
10% LUCK
20% SKLZ
15% CPW
5% PLTR
50% PAIN
and 100% R.TO (RTN)
is this an ok for a beginner looking for conservative annual 37% gains?
Not sure if this is the best place to post this but I just inherited 1.5M from my distant uncle and want to make him proud. Right now my portfolio I have:
10% LUCK
20% SKLZ
15% CPW
5% PLTR
50% PAIN
and 100% R.TO (RTN)
is this an ok for a beginner looking for conservative annual 37% gains?
WSB Choose your fighter
Choose your fighter
Alex Magikarp π
Elon TechnoCuckLord π€+π€΄
Jeff Divorcedzos π
Salmonella π Nutella π«
Bill "HELL Giga GUH is coming" Clownman π€‘
Chamath, "I'm abouta fuck shit up" Papaya π
Ryan Cocken your butthole π₯π¦ πππ³
π₯ Z π₯ U π₯ C π₯ C π₯
Tim π Bottom π ±οΈENIS
Jack Ma MIA π€·ββοΈ
Cathie "A prayer a day keeps the π»s' away" or "Jesus, take my buying power" Woods πβοΈ
Choose your fighter
Alex Magikarp π
Elon TechnoCuckLord π€+π€΄
Jeff Divorcedzos π
Salmonella π Nutella π«
Bill "HELL Giga GUH is coming" Clownman π€‘
Chamath, "I'm abouta fuck shit up" Papaya π
Ryan Cocken your butthole π₯π¦ πππ³
π₯ Z π₯ U π₯ C π₯ C π₯
Tim π Bottom π ±οΈENIS
Jack Ma MIA π€·ββοΈ
Cathie "A prayer a day keeps the π»s' away" or "Jesus, take my buying power" Woods πβοΈ
Hello gentleman, I have suffered a loss of 69K
Hello gentleman, I regretfully wish to share with you all that I shant comment on this Internet forum henceforth. As of the time of my arrival in this past autumn, I have suffered a loss of 69K. By the blessing of Lady Luck, I am still experiencing a positive net balance of 420%, so I have come to the conclusion I must liquidate my insignificant phallus account. I shall use this fortune for procuring a vaginal enlargement and acquire tremendous breasts for my OnlyAristocracy parchment. Or I may be devilish and maintain an investment position in TournamentCease. I am short of hours of leisure in life, training dogs to consume peanut butter from the reaches of my posterior and can not bare the rapid change of value of my investment holdings of 40 point 7 grand. I am aware that you, my peers of this financial derivatives Internet forum are filled with ecstasy to become privy to this, so copulate with yourself, I desire you all to be ablaze in nonheteronormative ursine hell in tandem with Sadam.
Hello gentleman, I regretfully wish to share with you all that I shant comment on this Internet forum henceforth. As of the time of my arrival in this past autumn, I have suffered a loss of 69K. By the blessing of Lady Luck, I am still experiencing a positive net balance of 420%, so I have come to the conclusion I must liquidate my insignificant phallus account. I shall use this fortune for procuring a vaginal enlargement and acquire tremendous breasts for my OnlyAristocracy parchment. Or I may be devilish and maintain an investment position in TournamentCease. I am short of hours of leisure in life, training dogs to consume peanut butter from the reaches of my posterior and can not bare the rapid change of value of my investment holdings of 40 point 7 grand. I am aware that you, my peers of this financial derivatives Internet forum are filled with ecstasy to become privy to this, so copulate with yourself, I desire you all to be ablaze in nonheteronormative ursine hell in tandem with Sadam.
What happened to this ad? :(
I just fired out why they call them Brokers
I just figured out why they call them βBrokersβ
To be fair "but I poop from there" wasn't an explicit "no". We can't blame market for doing what it did.
Cathie Wood owns 100% of palantir and 110% of Tesla
December 2021. Cathie Wood owns 100% of palantir and 110% of Tesla (Elon Musk invented a more efficient form of security). ARK ETFs are trading at minimum $1,000 a share and investors are signing 10-year pledges just for the privilege. I log on to my Tesla taxi app and order a car. A vintage Roadster pulls up with EDM playing at a tasteful volume.
"Where to, King?" asks the anime girl on the console. "You know where", I reply. Palantir knows.
We both laugh and the car takes off to Wendys.
December 2021. Cathie Wood owns 100% of palantir and 110% of Tesla (Elon Musk invented a more efficient form of security). ARK ETFs are trading at minimum $1,000 a share and investors are signing 10-year pledges just for the privilege. I log on to my Tesla taxi app and order a car. A vintage Roadster pulls up with EDM playing at a tasteful volume.
"Where to, King?" asks the anime girl on the console. "You know where", I reply. Palantir knows.
We both laugh and the car takes off to Wendys.
I saw JPOW at the grocery store
I saw JPOW at the grocery store. I was buying a dozen eggs last night and the store was kind of slow since it was after dark. Some old boomer was in front of me and chatting away with the woman at the cash register. Everyone had masks on, but as soon as he spoke I recognized the voice. He was telling the lady how inflation is a good thing. She said how come inflation keeps going up but minimum wage never rises? He ignored her and pulls out a large sheet of $1 bills. He asks if she had scissors but she said no.
He looked back at me and saw the eggs and said "You workout huh? Its good to stay healthy. I used to workout by lifting bales of hay after school in 1952. Eggs are a good source of energy, mind if I take one? " I shrugged and told him.go ahead. He opened my pack of eggs, takes one out, lowers his mask, just throws the whole thing in his mouth shell and all, puts his mask back up, and begins chewing loudly. As he's chewing he's crookedly folding and ripping a sheet of dollar bills handing them to the lady individually. While he's chewing he tells me it's a great time to buy bonds. I tell him I'm good.
The store was short on change so he just pays the full dollar amount. He hands me a crooked bill that is almost ripped in half and says "thanks pal, in the future that single egg will be worth a dollar so we will call it even"
Im heading to my car after and I see him and another boomer arguing. There was JPOW and he's arguing with a man built like a gnome wearing a poorly fit collared shirt. The little man spoke and I instantly knew it was Cramer. Cramer wanted JPOW to hurry up and stop hogging the best parking spot. JPOW tells Cramer that hes got his mask on inside out and upside down. They both start talking about inflation and then look deep into each other's eyes and start making out with their masks on.
It was a pretty weird.
I saw JPOW at the grocery store. I was buying a dozen eggs last night and the store was kind of slow since it was after dark. Some old boomer was in front of me and chatting away with the woman at the cash register. Everyone had masks on, but as soon as he spoke I recognized the voice. He was telling the lady how inflation is a good thing. She said how come inflation keeps going up but minimum wage never rises? He ignored her and pulls out a large sheet of $1 bills. He asks if she had scissors but she said no.
He looked back at me and saw the eggs and said "You workout huh? Its good to stay healthy. I used to workout by lifting bales of hay after school in 1952. Eggs are a good source of energy, mind if I take one? " I shrugged and told him.go ahead. He opened my pack of eggs, takes one out, lowers his mask, just throws the whole thing in his mouth shell and all, puts his mask back up, and begins chewing loudly. As he's chewing he's crookedly folding and ripping a sheet of dollar bills handing them to the lady individually. While he's chewing he tells me it's a great time to buy bonds. I tell him I'm good.
The store was short on change so he just pays the full dollar amount. He hands me a crooked bill that is almost ripped in half and says "thanks pal, in the future that single egg will be worth a dollar so we will call it even"
Im heading to my car after and I see him and another boomer arguing. There was JPOW and he's arguing with a man built like a gnome wearing a poorly fit collared shirt. The little man spoke and I instantly knew it was Cramer. Cramer wanted JPOW to hurry up and stop hogging the best parking spot. JPOW tells Cramer that hes got his mask on inside out and upside down. They both start talking about inflation and then look deep into each other's eyes and start making out with their masks on.
It was a pretty weird.
My idiot boyfriend spent my college fund on dog coins how do I get it back???
He talked me into spending the $8500 I have on dog coins because something was supposed to happen yesterday which would have given us more money?? but it didn't actually happen or got canceled or something I don't really know or understand how it works but I went to the dog coin site to withdraw my money and there is only about $6700 of it there, where is the rest of it? I tried looking at the faq but don't really get it
He talked me into spending the $8500 I have on dog coins because something was supposed to happen yesterday which would have given us more money?? but it didn't actually happen or got canceled or something I don't really know or understand how it works but I went to the dog coin site to withdraw my money and there is only about $6700 of it there, where is the rest of it? I tried looking at the faq but don't really get it
(βΜΏΔΉΜ―ββ¬β΄β¬β΄ Psst... kid, you wanna disable adblock?
Red futures :(
Bought a bunch of calls thinking I was going to be able to afford an escort to shit on my chest, now it's these red futures that are shitting on my chest.
Bought a bunch of calls thinking I was going to be able to afford an escort to shit on my chest, now it's these red futures that are shitting on my chest.
Thats why this place is so special.
Listen 5 years ago I wanted to get into investing. I came to this sub to get some advice. One guy helped me with a stock I could invest in.
It was dipping for a few days and I kept asking what I should do and he said hold. Kept quoting Warren buffet
On the third day I panicked and told him I had to sell. He sent me a video and told me to watch it before I sold.
It was a guy getting railed by jpow.
I lost 400 dollars that day but it taught me some lessons.
Now look at me. Been investing for over 3 years now. I was even on this gme thing. Yeah I could of made 8x the profits instead of 4 but I consider that my own fault.
But through this great sub and everything I have learned, I reinvested my profits and as of today
I am down 5 grand. Thats why this place is so special.
Listen 5 years ago I wanted to get into investing. I came to this sub to get some advice. One guy helped me with a stock I could invest in.
It was dipping for a few days and I kept asking what I should do and he said hold. Kept quoting Warren buffet
On the third day I panicked and told him I had to sell. He sent me a video and told me to watch it before I sold.
It was a guy getting railed by jpow.
I lost 400 dollars that day but it taught me some lessons.
Now look at me. Been investing for over 3 years now. I was even on this gme thing. Yeah I could of made 8x the profits instead of 4 but I consider that my own fault.
But through this great sub and everything I have learned, I reinvested my profits and as of today
I am down 5 grand. Thats why this place is so special.
I am going to short the whole country of South Africa
I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph.
Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years.
That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American.
Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock.
I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems.
My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.
I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph.
Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years.
That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American.
Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock.
I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems.
My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.
Robinhood halts trading on President's Day
This is bullshit. Iβm disgusted and Iβm honestly on the verge of having a mental fucking breakdown. Robinhood has once again halted trading. But this time itβs halted on all stocks. This fine Monday morning I wake up to find that all orders arenβt going to be filled till tomorrow morning. My dadβs wifeβs girlfriend is a powerful lawyer in Boca Raton and Iβm seriously considering retaining her services and filing a class action lawsuit against these citadel dick munchers. This has happened to me too many times. Iβm low key spiraling into madness. Donate to me on onlyfans if you want to contribute towards the legal fees. Sheβs giving me a pretty kickass discount, but she estimates itβs still going to cost $150k. This happens to be the amount I lost on gme, but this is not relevant to the conversation here. Itβs time to rise up and take down robinhood once and for all.
Also, yeah my stepmom has a girlfriend. Itβs 2021 you bigots.
This is bullshit. Iβm disgusted and Iβm honestly on the verge of having a mental fucking breakdown. Robinhood has once again halted trading. But this time itβs halted on all stocks. This fine Monday morning I wake up to find that all orders arenβt going to be filled till tomorrow morning. My dadβs wifeβs girlfriend is a powerful lawyer in Boca Raton and Iβm seriously considering retaining her services and filing a class action lawsuit against these citadel dick munchers. This has happened to me too many times. Iβm low key spiraling into madness. Donate to me on onlyfans if you want to contribute towards the legal fees. Sheβs giving me a pretty kickass discount, but she estimates itβs still going to cost $150k. This happens to be the amount I lost on gme, but this is not relevant to the conversation here. Itβs time to rise up and take down robinhood once and for all.
Also, yeah my stepmom has a girlfriend. Itβs 2021 you bigots.
(βΜΏΔΉΜ―ββ¬β΄β¬β΄ Psst... kid, you wanna disable adblock?