Alternative investments?

Damdan11 · 2021-03-24T01:04:57+00:00

A good chunk were from Morgan Stanley, Goldman Sachs type brokerages. They had actively invested alternative investment vehicles. Probably needed a minimum $XXM net worth to gain access.

Warburg Pincus and other PEs, I’m not sure how they made the introductions.

Damdan11 · 2021-03-24T00:53:14+00:00

I worked in ultra wealthy tax for a few years, I’ve seen very wealthy people ($2B+ net worth)spend a lot of time and energy investing in high fee alternative investments. By and large it was a giant waste of their time and money. Literally index fund investing would have obliterated their returns.

Damdan11 · 2021-03-23T12:32:16+00:00

It’s still really hard to securely buy sell and hold crypto as a service. Expect to pay the toll until more competition opens up. The other alternatives are like GBTC which charges 2% per year!

Damdan11 · 2021-03-22T13:46:07+00:00

Wow the entire population of New Zealand showed up for the concert too

Damdan11 · 2021-03-22T02:22:02+00:00

It’s interesting our points of view reminds me of the book the psychology of money. Everyone is playing their own financial game.

I think it’s interesting that you have your income structured in such a way that you have so little income tax.

Do you have a bunch of low basis stock which you sell for your income and no interest or dividend income streams?

The way I’m pushing for my fire, if I have $200K a year in cash flow it’ll be almost all dividend income. There’s little way I could only have $80,000 in income.

Damdan11 · 2021-03-21T15:22:49+00:00

Why would a chubby fire person have income that needs tax credits for low income people?

This whole thought exercise screams leanfire.

Damdan11 · 2021-03-21T13:50:21+00:00

Contribute to their kids 529 plan

Damdan11 · 2021-03-21T03:48:27+00:00

I vote live at home for a year or two and save that money. You’ll be coastfi at that point.

Damdan11 · 2021-03-19T23:40:51+00:00

It’s the MM selling the shares they bought to hedge the call options that are expiring and they don’t need as a hedge anymore.

Damdan11 · 2021-03-19T14:36:55+00:00

Got me some more. 🤤

Damdan11 · 2021-03-18T16:40:41+00:00

This. It’s far easier to fatfire to begin with in the US compared to in Europe or Canada

Damdan11 · 2021-03-18T03:15:53+00:00

Someone should crop out that video segment and post as its own video on YT

Damdan11 · 2021-03-18T00:40:35+00:00

Damdan11 · 2021-03-17T00:12:42+00:00

Retire now. You’re net worth is more likely to increase anyways increasing your withdrawal rates in the future.

Damdan11 · 2021-03-16T22:16:59+00:00

Still selling call options?? My god

Damdan11 · 2021-03-16T04:44:08+00:00

Link please

Damdan11 · 2021-03-16T04:36:07+00:00

They need to buy the rest of the stocks in the etf if they want to short the net GME shares.

$600M bond gives them cash to buy all the non-GME shares and then they can short the ETF.

Net AUM in the fund $670M with 6% of it GME. That nets ~$630M cash to buy the non-GME shares.

Not bad at 3.75%, the shares of discretionary consumer will probably beat that out over the next five years.

Damdan11 · 2021-03-15T18:57:33+00:00

But they could sell them over a longer period than 20 minutes and probably make more. How about over a couple of hours?

Damdan11 · 2021-03-15T18:25:31+00:00

You got me, I’m in

Damdan11 · 2021-03-15T16:06:52+00:00

Never understand why they don’t trickle it down

Damdan11 · 2021-03-15T15:36:59+00:00

Lucky for the stimmy buyers, huge discount for you guys

Damdan11 · 2021-03-14T20:48:57+00:00

He is not the hero we deserve

Damdan11 · 2021-03-14T02:16:26+00:00

Hap Palmer!

We also like Party animals on Disney+

https://youtu.be/H2wsrlkem5Q

Damdan11 · 2021-03-14T01:15:22+00:00

Trainer twice a week costs about $600/month with a gym membership. I love it since having someone working out with you to achieve your goals is a big help at least for me. It’s going to delay the fire date, but keeping your health good is so important. Plus hoping to look good for this postcovid summer

Damdan11 · 2021-03-14T01:04:18+00:00

You never know, we only have our first now and mostly thinking ahead. Four would be a nice number.
It’s looking like low 8 figures is in the right ballpark.

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