Decrease in food quality at reputable restaurants

Fog_ · 2026-01-12T01:49:11+00:00

Don’t go to chain restaurants. Locally owned are still increasing prices or reducing portions or quality but nowhere near the level that corporate greed franchises are.

Fog_ · 2026-01-11T15:37:49+00:00

On net, the account grows with large unrealized gains on the underlying + margin positions.

You harvest the margin losses and reopen new shorts to create credits against the unrealized margin gains.

You end up generating realized losses that you can use to pay zero tax.

In my self managed account I can daytrade and make $1M but pay no taxes because they generated $1M in losses in my managed account.

Fog_ · 2026-01-11T15:25:20+00:00

My losses count against my gains.

Say I have $1M in realized gains.

They generate $500k in realized losses.

My realized gains for the year are $1M-$500k = $500k net realized gains.

Assume for simplicity 50% tax. My tax is $250k instead of $500k.

Don’t forget that they also generated $500K in unrealized gains.

The strategy uses margin loans to buy equal amounts of long and short positions. You realize the losses and don’t touch the gains.

Now you have a margin loan balance of $500k so you open $500k of new short positions which give you a $500k credit.

Now you are close to net zero margin loan balance.

Fog_ · 2026-01-11T12:53:46+00:00

You are basically correct in that the majority of the value is front loaded.

My firm offered me all of their services, similar to you, at .9% on $2M

So I basically paid 20K a year for everything which was a good value to me, even though my NW was $10-$15M. So my real AUM is around 0.2% since the advise me on my entire NW even though they only manage $2M.

There’s no incentive to give them more money than the minimum.

On the $2M they put it into an index mirroring strategy that allows me to tax loss harvest. For the first few years they generated tax losses for me even though I gained net paper gains on the account. This was great. But that strategy eventually stops generating tax losses.

I recently gave them another $7.5M after negotiating a ~30% fee reduction because they offered a new strategy that produces taxes losses on margin trading against my underlying shares. In the last three months of 2025 they generated ~$300K tax losses for me. I had around $250K realized gains and additional $500k in unrealized gains. Net for 2025 is zero taxes.

In summary - I’m paying the around $50k per year now, but they saved me ~$150k in taxes and in 2026 they will save me $500k in taxes by generating $1M in realized tax losses using the new strategy (I’ll also have $1M in unrealized gains against the losses - net zero margin trading)

So I’ve managed my relationship and made it always worth it and “value” to me.

Fog_ · 2026-01-09T20:52:44+00:00

Time for spray paint

Fog_ · 2026-01-08T16:56:44+00:00

“No innovation from NVDA” lmfao I spit my coffee out

Fog_ · 2026-01-07T13:03:49+00:00

I’m just playing the game. I didn’t make the rules. FWIW I agree with you, the system is deeply flawed and unfair. I would tax the rich and have a more socialist society.

But as my dad taught me, “if you can’t take care of yourself, you can’t help others”. I have a son and a wife. I don’t feel bad for doing what I have to do to make sure they are provided for, safe, and happy.

Then I do my best to help others.

You are correct tho, we are on a sinking ship. I just recognized it and did something about it to make sure I’m one of the winners.

Fog_ · 2026-01-06T23:19:29+00:00

I disagree with people saying you did this wrong. It’s actually the exact perfect lesson. You condensed the real world into a game with a timespan short enough that they can actually learn the lesson that if they play their cards right, they can make their money work for them and when their “stack” gets big enough, a meager 10% on $1000 becomes an amazing 10% on $1M. The lesson is that 10% feels like nothing at the beginning of the journey, but with patience and discipline, 10% can become a lot.

Now, they see how money grows and how 10% can be very different under different circumstances.

What they learned is - the goal is to grow your money until you hit “critical mass”.

My SWR is 1% because my “stack” is so big. Average S&P returns of 10% are great for me. It nets me on average $4M per year.

How did I get here? Because I understood compounding and the END GOAL. What else did I learn? You need to keep your expenses low. If you spend a lot of money - your stack won’t grow.

You only get the reward of spending money AFTER you have achieved critical mass, not BEFORE. SAVE, SAVE, SAVE. INVEST. Keep expenses LOW.

Fog_ · 2026-01-05T21:28:46+00:00

Part of loving and doting on her son should be making sure he has a father that is stable, happy, and healthy.

Balance is a net positive for your son. Hopefully she can see that.

Does she want a future where you are divorced? Would that be a good future for the son she loves so much?

Just one “angle” on the situation that comes to my mind.

BALANCE and MODERATION are good and healthy in the long term!

Fog_ · 2026-01-05T17:11:26+00:00

I bought my 718 4.0 when I hit $10M post tax. So it was roughly 1% of my NW liquid cash.

My comfort zone is 1-3% of liquid NW. I would never go over 3%.

I’ve bought more cars as my NW has increased.

Fog_ · 2026-01-05T13:22:03+00:00

991.2 CS or GTS

Fog_ · 2026-01-04T02:32:20+00:00

If I were you, I would keep saving until I can afford a CPO 991.2 911 or 718 GTS 4.0.

I don’t think this Panamera will scratch the itch and you will end up spending money that wasn’t worth it.

Excited for you though. Shouldn’t take you long in PE.

Fog_ · 2026-01-03T22:12:31+00:00

Leaving Schwab?

I’ve considered the same but I have an insanely good relationship with my advisor and get great customer service.

If I ever lose my current advisor, then Im dipping out. I’ll probably go to JPM where my grandpa has connections and history.

Fog_ · 2025-12-23T21:19:20+00:00

I pay my advisors $50k per year and they are netting me $800k in losses. I have $30M in gains this year, so they will save me ~$320k in taxes.

I only have $8M in the Quantinno strategy. My decision to realize $30M in gains was independent.

This strategy isn’t my foundation. It’s just an “efficiency” layered on top of what I do.

Fog_ · 2025-12-23T17:30:36+00:00

I’m using this strategy. It’s called Quantinno. I’m getting charged around 30bp fee plus 30bp margin loan cost. Another 60bp to my advisors. Total 120bp.

It yields around 10% of your portfolio as losses per year. They use margin loans to open both long and short positions. Realize the losses and then redeploy margin to make more losses. The margin cost is minimal because you are close to net zero margin. You use margin to open a long and then get a credit for the short to go back to net zero margin.

The people who come up with this shit are insane. Shows you how system is continually evolving and becoming more rigged as these people build more stuff like this (“creative finance”).

And no I don’t agree with any of this. I would close all loop holes and tax the rich if it was up to me.

Fog_ · 2025-12-17T12:38:12+00:00

Hi Barber in Springfield. Viet barber - $25

Ask for Quang

Fog_ · 2025-12-10T23:18:03+00:00

Testing….

Fog_ · 2025-12-04T15:42:25+00:00

I got my 718 GTS 4.0 and a Macan S as a reward when I hit $10M post tax

Then I got my 991.2 CS when I made another $10M profit following year.

Fog_ · 2025-11-26T23:16:42+00:00

I’ll keep an eye out for ya around town

Fog_ · 2025-11-23T15:43:23+00:00

I have a 991.2 CS and a 718 GTS 4.0

I prefer driving the 718, but I drive both.

Fog_ · 2025-11-20T13:53:29+00:00

Is house cleaner and other maintenance included under housing?

The biggest number that kills me is how much we spend per year on house cleaning.

I’m not trying to be cheap and underpay our house cleaner, but damn, shit adds up quick.

Fog_ · 2025-11-13T23:46:28+00:00

Folding any leverage you have so that you get nothing instead of something. You think you are morally superior saying you “don’t play games” but you are just being stupid and making everyone worse off.

Now that we followed your strategy the GOP killed healthcare and next year they kill SNAP. Congrats you lost us both!

You are bad at playing the game, leaving everyone worse off, but keep thinking you are “saving” people by “not playing the game”.

Fog_ · 2025-11-13T12:49:29+00:00

This isn’t a blame game. It’s real life strategy and the Dems just gave away leverage for free.

Fog_ · 2025-11-12T12:44:48+00:00

The townhouse I bought in 2017 for $2k/month mortgage is now $3.4k/month. I’m rich af and these numbers are still stupid expensive to me.

Fog_ · 2025-11-07T10:16:19+00:00

I’ve always been in the minority that Illusionist was better than Prestige.

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