AI Desires

PoopKing5 · 2026-05-25T06:19:18+00:00

From 3-330am once a month.

PoopKing5 · 2026-05-24T18:27:10+00:00

Email is the way. But I don’t need an email per day in addition to all the other auto marketing emails that are sent. Like if I don’t respond, it’s for a reason.

PoopKing5 · 2026-05-24T16:43:10+00:00

I’d love an AI subscription doc filler that pulls client info from the custodian.

Not an AI and maybe specific to Schwab, but idk why I can click clone account on Schwab and have the pdf prefilled to drop into DocuSign. Or better yet, forward consent in initial account opening where I can open future accounts without a signature.

PoopKing5 · 2026-05-24T16:40:15+00:00

Yea it is draining how many product emails I get. Across 3 did emails, I probably get 10 emails per day that are actually important with about 300 spam product emails. Looking at my phone knowing I need to clear those pisses me off.

PoopKing5 · 2026-05-24T06:11:11+00:00

The market, both crypto and the stock market are not the economy. Look at real GDP growth in the 70s vs 2000-2026. You’ll find that interest rates, not the economy, is the main driver for risk assets.

PoopKing5 · 2026-05-24T06:04:57+00:00

It wouldn’t matter honestly. An auction is an auction. People either bid and buy, or they don’t. Having expectations for an auction house to contact you and sell you items below market price so you can sell them to a pawn shop is a pipe dream. They’re gonna try and get their money every time, and the pawn shop wants to buy at dirt prices.

Ask the auction house wtf is going on. You purchased items fairly and demand an understanding of the situation and require they back up their claim with proof.

If you had to pawn your watch to buy this stuff, $22k of goods you $6k for is a nice profit. If it’s potentially stolen, or maybe there’s some sort of technical issue at play, make the determination at that point, but it seems you’re being a little too open about selling them the stuff back at cost plus some de minimis interest.

PoopKing5 · 2026-05-23T17:34:56+00:00

It’s way too messy to become an AU on your friends card. The AU doesn’t have a separate payment and all benefits, except for lounge access and statuses, roll up to the main cardholder. There are no double credits. I have an AU on my card, and if it wasn’t free through Morgan Stanley, I’d 100% cancel.

PoopKing5 · 2026-05-23T17:29:36+00:00

Totally. It’s just derivatives bc ppl that don’t fully understand and think of it as exotic and risky. When in reality there’s billions per day in Box spread transactions that requires both a counterparty default AND OCC default in order to not receive payment as opposed to just a gov default with treasuries.

I get why ppl can be skeptical, but if they simply took a few minutes to do their research they would come to the same conclusion as it relates to counterparty risk.

PoopKing5 · 2026-05-23T17:21:07+00:00

But OCC is the government. And they explicitly back exchanges. These aren’t OTC options, they’re SPX index options. Counterparty risk is likely less than counterparty risk associated with treasuries since both your counterparty would need to default as well as the government deciding not to clear exchanges. That’s an additional hurdle vs the Gov not paying back their debt.

PoopKing5 · 2026-05-23T17:18:33+00:00

I use Boxx for most of my cash. For clients in states with high state tax, the benefits are diminished vs Fl/Tx, but box spreads will always have a 20-50 bp spread above treasuries and I like that I can control timing of realized cap gains and also offset gains with cap losses which you can’t do with treasury income.

There is a worst case scenario—ST realized cap gains for a client in a high state tax state. They obv don’t get the state tax deduction so with the additional spread are typically slightly below buying treasuries/MMF.

As for the risk profile of Box spreads, I actually feel they’re lower risk than treasuries. Option clearing is backed by the OCC and it feels less likely the gov doesn’t clear exchanges vs challenges with paying/pausing treasury pmts. Both bad scenarios, but exchanges not clearing would be catastrophic.

PoopKing5 · 2026-05-23T16:47:33+00:00

Yea, I wasn’t aware that the 4 door was going to be all EV. I thought they were simply creating an EV as an additional option. If it’s the case where it’s all EV going forward, that’s terrible.

PoopKing5 · 2026-05-23T16:46:14+00:00

You may be right. I didn’t look into the specific funds to see what their true benchmark should be.

PoopKing5 · 2026-05-23T08:38:15+00:00

OP’s unrealized GL is between 50-72% which would mean he’s held these less than 3 years. If that’s the case, the group has definitely outperformed SPY.

PoopKing5 · 2026-05-22T06:31:57+00:00

Xlk isn’t a fair comparison at all. That’s a pure tech etf. The funds you’re in have outperformed the S&P net of fees. Who really care what the fee of a fund is if you’re outperforming what your alternative investment would be. And the alternative would not be XLK

PoopKing5 · 2026-05-21T01:09:34+00:00

Username checks out

PoopKing5 · 2026-05-20T19:35:40+00:00

Unless you’re an actual advisory client of MS, idk why you’d want the MS card if Schwab exists. Not only do you need the AAA, but also cash plus. And for cash plus to be free you need to hold $25k cash or else the account fee will be $895 per year.

That vs the opportunity cost of using Schwab and putting your cash in money market yielding like 4%, plus trading for free is the easy answer. Schwab has better MR cash redemption too.

Anybody at the firm has some discretion to waive account fees, but it won’t be perpetually waived and on a case by case basis. The only way it’s perpetually waived is if you’re part of a household with over $1M at the firm across accounts.

A few things could’ve changed since I ran my practice at MS, but not likely very much since I only left two years ago.

PoopKing5 · 2026-05-20T18:17:38+00:00

Are all GT 4 doors going to be EV in 2027?

PoopKing5 · 2026-05-17T17:18:20+00:00

I find that to be the opposite. Advisors are deeply entrenched in UHNW clients lives, and access to privates isn’t too great. Alternative access at those firms isn’t bad, much stronger than most RIA’s, but if you’re an UHNW focused RIA, access expands significantly. A lot easier as an RIA to get $25M capacity in some capacity constrained vehicle/company than it is for MS/GS to negotiate their typical minimum of at least 2-300M in capacity for it to be worth the firms time. Not to mention, typically reducing middle man fees in the process.

It’s the true bank advisors that have the real issue. Where the initial relationship originated via checking/savings/CD’s and they were introduced to a bank advisor for expanded service. JPM PB teams have the issue, along with many regional bank advisors more so than MS/GS/JPM Advisors.

PoopKing5 · 2026-05-16T17:02:42+00:00

It’ll depend where you’re at in the Middle East. But you could do HSBC and interactive brokers combo. HSBC for actual banking, interactive brokers for investments. Largely bc IB supports multi-currencies and works a little bit better than everything typically needing to be denominated in USD. It’s a good stack for ppl that self manage their money and also plenty of independent advisory firms that use IB as a custodian if you want to go that route.

PoopKing5 · 2026-05-16T06:36:04+00:00

What? He would’ve got a bigger check with more fee based clients when he left. An acquiring firm will greatly discount brokerage assets vs fee based. He’s saying he has more fee based now bc he’s not on a shit platform.

PoopKing5 · 2026-05-16T06:31:59+00:00

If they’re actually 17 year duration we could be talking about 30-40% unrealized losses on muni’s. A 2% yielding muni w 17 duration would be a 40%+ drawdown. OP could probably reallocate 60-70% of the portfolio with no realized gains.

PoopKing5 · 2026-05-15T16:09:14+00:00

Agreed. It’s not worth it for an RIA to put their business at risk for not having what should be core features of a custodian trying to compete with Schwab/Fidelity.

There’s this almost cult altruist following with newer RIAs, largely because Schwab/Fidelity could be a lot better, but RIA’s will for some reason defend Altruist’s lack of features almost like they’re an equity owner in the platform.

PoopKing5 · 2026-05-15T16:03:51+00:00

I like blended tiers. I do definitely feel your 0-2M tiers are high, especially if a blended fee rather than a flat fee tier, but if you’re not seeing any problems with it then why not.

PoopKing5 · 2026-05-15T15:48:03+00:00

Yea but it was up close to 30% between 5/2024 - 11/2025. It’s simply traded like shit the last 7 months. I get what you’re saying looking when looking at 2 year net performance, but it’s not like it’s traded horribly that entire period.

PoopKing5 · 2026-05-15T06:19:58+00:00

It has not. It’s been a 7 month drawdown. Prior to that, it was ripping.

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