/biz/ - Business & Finance

[Anonymous No.54179360]

Finally got above $500k again

[Anonymous No.54179646]

>>54179360
thanks for the account numbers faggot, I'm bruteforcing your account recovery as we speak

[Anonymous No.54179967]

>>54179646
Have fun
Don't forget to invest in lube and kneepads

[Anonymous No.54179998]

>>54179360
>3 doordash tabs open
lmao you fat faggot spend some money on a treadmill

[Anonymous No.54180372]

>>54179360
>> 500k folio.
2k gains
LMAO

[Anonymous No.54180388]

Why FCASH

[Anonymous No.54180431]

>>54180372

[Anonymous No.54180511]

>>54179360
why aren't you just using that 500k to 10x long any crypto lmao wtf is all of that shit. it's like the rich boomers equivalent to a wallet with 10 different utility tokens spread out for no reason

[Anonymous No.54181357]

>>54179998
I walk around a lot so I don't really have to worry about what I eat
>>54180372
>>54180431
That's like .45% though
>>54180388
It's effectively really secure cash at Fidelity
>>54180511
Crypto is cucked by how illegal everything associated with it is these days
DAPP is enough for me

[Anonymous No.54181997]

>>54181357
>That's like .45% though
that's the point nigga. its pathetic. imagine if you had that $500k in bitcoin.

[Anonymous No.54182087]

>>54179360
wait to much hedge and 70% cash. literally just buy t-bills or money market fund. you are scattered all over the place

[Anonymous No.54182098]

>>54181997
Wow I'd be able to buy a tote bag at the end of the year
Where do I sign up
In any case .45% in a day isn't so bad
It represents a recovery from down $11k from the $500k baseline in just a few days

[Anonymous No.54182146]

>>54181357
You could’ve made more in CDs or a money market fund, my man. You don’t have any hedge against anything. If this fucker tanks (which it is currently) you’re going to lose your shirt. You’re just better off parking this in a savings account. Your investing is abysmal.

[Anonymous No.54182147]

>>54179360
>mostly margin
>rest in cash
Nigger, you dumb

[Anonymous No.54182164]

>>54182087
>scattered all over the place
Those are just small components to allocate gradually over time in higher amounts
It's good to get them into your account with your broker in advance of potentially trading with them so that the broker knows about them since a long time ago

[Anonymous No.54182210]

>>54179967
Also, close your fucking tabs. Did you inherit that money? Are you some kind of autistic software dev with zero investing skills? Whatever you did to earn your money (if you earned it) stick with that.

>the Economist

I remember when I was 23

[Anonymous No.54182244]

>>54182146
>If this fucker tanks (which it is currently) you’re going to lose your shirt
The rest of what you said is fully cucked by the fact that specifically this part isn't true at all
>>54182210
>conceptual word salad
>>54182147
Fidelity has a way they set up your account so that if you're not over 100% allocation in non core components it has the same fees and regulations as a cash account in the same amount

[Anonymous No.54182269]

>>54179360
>>54180372
he didn't even make 2k, he actually lost $40k on his entire account. 2k is just the daily gain


buy bitcoin dumbass

[Anonymous No.54182297]

>>54182269
its worse than I thought. stonks are a scam.

[Anonymous No.54182385]

>>54182269
>>54182297
>financial illiteracy
The $40k is a cost basis thing Fidelity keeps track of for tax form purposes basically
That loss is from before I started this whole portfolio at around $500k after I went all in cash from my previous mostly equities portfolio
I'm still more or less all in cash for the foreseeable future
I tried to adjust the cost basis in the website's display to my cost basis for this year but I wasn't able to figure out how to do it
It looks like maybe that's just how the broker displays it, maybe for regulatory reasons or something

[Anonymous No.54182436]

>>54182244
Yeah, you’re a software dev. Just admit it. I can tell. You have more money than since and you think you have a system.

Your system is boring and it isn’t even functioning the way you (should) want it to.

[Anonymous No.54182520]

>>54182385
I mean, why do you have $300k just sitting in your brokerage? It makes no sense. Park $250k of that into a savings account. Go buy some real estate. Please tell me you aren’t renting or living with your parents.

[Anonymous No.54183254]

>>54182436
I'm not a software dev
I worked as a software dev briefly after college but I've been out of the software industry and only working on trading for more than ten years now
Whether or not my system is boring, it's absolutely functioning the way I want it to
I'm not sure what you're saying I should want it to do, I'm just all in cash for now and waiting to buy dips eventually
>>54182520
Nobody has time for real estate in current year 2023 with all the fallout everywhere
I have a paid off condo and I live by myself
No point in trying to mug me or identity fraud me, I am too infamous on the internet to just go quietly into the night in the traditional wall street sense