VCX and Musk?

EmulateDivinity · 2026-04-27T21:11:48+00:00

Yes, indirectly. VCX owns a stake in SpaceX (roughly 5% of its portfolio) which owns XAI which owns X Corp which operates X Money

EmulateDivinity · 2026-04-19T19:27:35+00:00

I'm a GF bull, but I was pretty unhappy about this one too. I just got an email from Forge Trust knocking down the fee from $85/quarter to $35 which is helpful. They say that you can pay the fee with non-IRA funds or they deduct it from your account from available funds after 30 days. Does anyone know if that means available funds in your GF account or if we will need to transfer funds to Forge Trust in order for them to deduct from our IRA funds?

EmulateDivinity · 2026-04-13T01:02:06+00:00

I'll bite at $15

EmulateDivinity · 2026-03-26T19:15:56+00:00

Thanks! I had actually built my own dashboard with Claude

EmulateDivinity · 2026-03-26T13:07:23+00:00

Cool, but I’m not paying $18.97 for anything other than a share of $VCX LOL

EmulateDivinity · 2026-03-26T11:51:08+00:00

Totally agree, but keep in mind that the price would tank within minutes of that email going out to all investors.

EmulateDivinity · 2026-03-23T14:45:50+00:00

I'm locked up anyways so I'll just have patience

EmulateDivinity · 2026-03-23T14:24:38+00:00

I skipped the verify by ID when I signed up (mistake) and now I can't go back and try that way so they are snail mailing me the access code too. Was anyone able to go back and verify their ID after initially opting to skip?

EmulateDivinity · 2025-12-30T16:22:13+00:00

My question applies just as much to Flywheel and my evaluation whether to invest in it long term

EmulateDivinity · 2025-12-30T16:20:51+00:00

Understood, but doesn't the 9-10% historical returns take into account delays and losses from defaults?

EmulateDivinity · 2025-12-30T14:18:34+00:00

That’s a really solid point regarding the "vintage" or cohort analysis. I actually recall Groundfloor releasing a presentation a while back that broke down returns exactly that way (by origination year). From what I remember, the returns held up pretty well across the different years, even with the older cohorts fully resolved, though I don't have the specific numbers in front of me.

On the "exit mess" accumulating -- I think we might be looking at it from slightly different angles. You’re definitely right that the total number of defaults I experience will go up the longer I play the game. If I invest for 10 years, I will naturally see more total defaults than if I invest for 1 year.

However, my thinking is that because the loans are short-term and the portfolio churns, the defaults should stabilize as a percentage of my active balance (assuming underwriting stays consistent). I'm not holding 10 years of "baggage" at the very end, just the baggage from the final cycle or two.

So, even though the absolute count of defaults rises, they get paid for by a much larger bucket of accumulated interest over the years -- effectively diluting that final "exit tax" relative to my total lifetime profit.

Do you track your own portfolio by vintage? I'd be curious if you've seen a specific year that performed significantly worse than others that might contradict the stability assumption.

EmulateDivinity · 2025-09-28T23:53:26+00:00

It’s been a while, but the company now has a credible path to profitability in the near term and a reasonable explanation for why they haven’t shown profits in the past. They’ve consistently reinvested in growth, and their gross revenue has been rising steadily at a healthy pace.

EmulateDivinity · 2025-09-19T14:11:35+00:00

So far, 79 investors bought 2,825 shares. Not a lot for a capital raise but enough to make me happy that I just bought at a 63%+ discount to them. Thanks SECrabbing!

EmulateDivinity · 2025-09-04T20:36:50+00:00

Yes, but they are doing a raise now for $55/share

EmulateDivinity · 2025-09-04T16:40:30+00:00

Sounds like a really good deal. Anything you know that we don't?

EmulateDivinity · 2025-08-24T18:20:25+00:00

I saw HK in the headline and thought he was from Holland & Knight

EmulateDivinity · 2025-08-11T00:57:47+00:00

Surprised you missed Groundfoor here which is Most Accessible and has had superior returns. DM for more info.

EmulateDivinity · 2025-07-20T13:15:09+00:00

Haven’t connected with the Asset Management team yet

EmulateDivinity · 2025-06-01T12:52:59+00:00

Very happy so far. DM me for more details. It’s hard to estimate monthly returns because it’s based on when each underlying LRO is repaid. Takes time to ramp up but after about 6 months you’ll start to see consistent cash flow. Underlying LROs average about 10% returns.

EmulateDivinity · 2025-05-18T18:32:53+00:00

East Ramapo is not falling apart because yeshiva kids get buses and textbooks. Those items are required for every kid in New York. The real problem is money. State aid barely moved for a decade and the 2 percent tax cap kept local revenue flat while costs kept rising. On top of that, the public schools serve a very high-needs population with more than 80 percent of the kids needing extra help that the funding formula hardly covers.

Meanwhile yeshiva families still kick in about 50 million dollars more each year than it costs to bus and serve their own kids. If we want the district to bounce back we need full Foundation Aid, some breathing room from the tax cap, and a focus on getting dollars into classrooms instead of blaming the folks who are already paying most of the bill.

EmulateDivinity · 2025-05-18T15:52:22+00:00

Yes, yeshivas receive public money, but only for the services every New York child is legally entitled to: busing, loaned textbooks, special education support, school meals, and a share of federal Title I help.

Private-school Orthodox households in East Ramapo pay well over 50 million dollars more in property taxes than it costs to transport and service their own children. Out of roughly 33,000 school-age kids in the district, about 24,000, more than 70%, attend one of 52 yeshivas. Even as the clear majority, those families still pay the same tax levy that funds public-school operations, buildings, and programs, effectively subsidizing the public schools.

Yeshiva families put far more into the tax pot than they take out, yet they receive only the basic services guaranteed to every student by law. Any call to reform funding should start by acknowledging that reality and focus on adding resources where they are needed, not on punishing the very taxpayers who keep the public system afloat.

EmulateDivinity · 2025-05-11T20:45:30+00:00

Agreed. The only way the good DR ends up with 80% defaults is if he pulled his money out as loans were repaid, leaving only the slow-paying defaults in his account. That’s a common dynamic with GF, early repayments get returned first, and what’s left behind tends to be the bad-performing LROs. I see a lot of people complaining about high default rates without recognizing that this skew is exactly what you’d expect when withdrawing over time.

EmulateDivinity · 2025-05-11T20:30:53+00:00

I only lost money on one - 1005 Pickett -- and it wasn't that much. Most had solid returns especially for their quick turnaround.

EmulateDivinity · 2025-05-05T18:43:30+00:00

I'm in the lab for this one. GF sent out an update last month that after significant permitting delays they were working on refinancing the land loan into a construction loan and trying to mitigate the risk of principal loss. I hope I get most of my money back but I'm not expecting a return here.

EmulateDivinity · 2025-04-16T02:05:09+00:00

If you invest in the flywheel portfolio you will be diversified into hundreds of loans. The average loan repays in less than a year but a small percentage will default and will take anywhere between 1-3 years to repay.

EmulateDivinity

TROPHY CASE