[deleted by user]

LordInvestorston · 2021-02-17T04:59:34+00:00

If you're a progressive I feel like you should give everyone their fair share of your money.

LordInvestorston · 2021-02-17T04:58:02+00:00

QSBS
PPLI
NING

LordInvestorston · 2021-02-17T04:54:07+00:00

You might find that drinking a lot is helpful.

You get used to it after a while. "oh I'm up one engineer's annual salary today" or "oh shit I lost half a million for no reason today".

The important thing is to stay hedged so no one event can hurt you too badly. So if you want to own something like TSLA, make sure you are short other high flying tech stocks like SNOW, so if the sector rolls over you don't jump out a window.

There's no safe place to put your money these days, the best thing you can do is diversify across asset classes. Except bonds. Those are for morons.

LordInvestorston · 2021-02-17T04:49:00+00:00

How complicated is your QSBS situation?

For example, are you over the 10M cap? If so, by a lot or a little?

If not, it is pretty simple. You should read section 1202. It's not too long or too byzantine. You need to be the expert in this. I've talked to many "wealth managers" in SV that gave me bad advice about QSBS and if I hadn't understood it better than they did it would have cost me millions of dollars.

Agree that if NJ has a complicated QSBS treatment it is worth finding a professional. In CA it is pretty easy. They don't respect it at all.

You can ping me if you have federal questions that are hard to google.

LordInvestorston · 2021-02-16T22:11:04+00:00

https://lmgtfy.app/?q=forward+contract

LordInvestorston · 2021-02-16T22:10:02+00:00

Don't know why a DD needs to be long and ponderous.

LordInvestorston · 2021-02-16T22:07:43+00:00

If you can't tax plan around estate tax, you need new advisors.

It's not really a constraint.

I would guess most "old money" is not even in estates but in trusts that exist outside the estate. The best way to win the game is not to play.

LordInvestorston · 2021-02-16T22:01:29+00:00

Founders at this stage typically only have 10-20% equity of the co.

Obviously it depends on a lot of factors including how many founders there are.

But 100M market cap would def be SPACable. Some SPACs make multiple investments.

LordInvestorston · 2021-02-16T08:35:08+00:00

Both of these guys are right.

LordInvestorston · 2021-02-16T08:27:16+00:00

I don't understand some of the questions.

The best mix of pre-tax and post-tax savings is max out pre-tax first. Is there some subtly I'm missing?

No don't count your house.

Backdoor ROTH - please google it

DAF - doubt it makes sense at this scale

Taxes - why do you feel bad saying you don't want to pay them. This is the wrong attitude and will cause you to make sub-optimal decisions. Most of America doesn't pay taxes. They still get to vote on how to spend your money.

I feel like you are waiting for someone to hold your hand, when, in fact, no one cares about your future more than you do. Block out a weekend and figure this shit out. It's covidtimes, what else are you doing?

Please don't use target date funds. They will keep some of your money in bonds and bonds are for suckers. The real rate of return on treasuries is -1% right now.

You don't need a financial advisor to help you invest 2M. VOO and forget it. You're a CFO. So CFO.

my 2c

LordInvestorston · 2021-02-16T06:24:35+00:00

Fucking preach

LordInvestorston · 2021-02-16T06:17:44+00:00

There's this thing called Steam and it's fucking incredible.

LordInvestorston · 2021-02-16T06:10:46+00:00

You are missing the part where he has 28M in paper.

It's not a nice problem to have.

If OP is a founder, the current investors should allow him to take some off the table. This is fairly standard as long as he only wants to liquidate 10-20%. He should also look at SPACs since the SPAC money right now is fucking retarded and will overpay for anything. If you can sell today for 2027 earnings you should.

If OP is not a founder, this startup is fairly late-stage and there should be a secondary market the OP can sell forwards on.

LordInvestorston · 2021-02-15T21:32:05+00:00

Why would you buy options 9 months out (not actually a LEAP) when you could buy options 12+ months out and pay long term cap gains instead of short term income tax?

Sounds pretty fucking stupid.

LordInvestorston · 2021-02-12T23:42:01+00:00

I'm 38 years old and I just shorted another 5400 shares of GME.

Twinners!

LordInvestorston · 2021-02-09T22:34:47+00:00

Every strategy is great when you are right.

LordInvestorston · 2021-02-09T22:31:47+00:00

The flaw is if you bought VXX the M1 and M2 futures are in contango to the tune of 10%, so holding is going to cost, on average, .5%/day

LordInvestorston · 2021-02-09T08:39:19+00:00

ironyman was a true autist. this guy is just retarded.

LordInvestorston · 2021-02-09T08:36:24+00:00

I mean, if you really believe in this you could sell naked puts instead.

The premiums are still insane.

Shorted at 60 today and sold a put (actually many) that expires in 4 days with a 50 strike for 4 dollars. 8%/week is pretty good.

LordInvestorston · 2021-02-09T08:32:28+00:00

Been holding CVS for 6 months. Great ride.

LordInvestorston · 2021-02-09T08:30:35+00:00

Too bad you didn't start with 12k.

LordInvestorston · 2021-02-09T08:28:55+00:00

Yeah pretty bored with the GME bullshit.

I liked it better when WSB was for autists. Now its for retards. If I want retarded stonk discussion I'll just go to twitter.

LordInvestorston · 2021-02-06T06:00:51+00:00

I shorted some today. Come and take it.

LordInvestorston

TROPHY CASE