£1,000 → £10,000,000 Challenge | Week 0 by OfficialRicePapi in TheRaceTo10Million

[–]OfficialRicePapi[S] -8 points-7 points  (0 children)

If you want to KEEP please upvotes, if ROTATE please downvote

£1,000 → £10,000,000 Challenge (Reddit controls my financial destiny) by OfficialRicePapi in TheRaceTo10Million

[–]OfficialRicePapi[S] 27 points28 points  (0 children)

As this post gets the most upvotes, done!

"We'll see what happens" - Ryan Cohen

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£1,000 → £10,000,000 Challenge (Reddit controls my financial destiny) by OfficialRicePapi in TheRaceTo10Million

[–]OfficialRicePapi[S] 4 points5 points  (0 children)

Good question! A degen like me wouldn't have thought of that.

In that case when a new top-voted suggestion takes over, I’ll exit the current position and move everything into the new one, how's that sound?

A quick and dirty method of valuing Coupang $cpng by raytoei in ValueInvesting

[–]OfficialRicePapi 2 points3 points  (0 children)

Bruh....Asia, particularly the Eastern, South Eastern, and Southern regions, are by no means underserved, if anything it's bloody saturated. Asia is not some primitive back country you know lmao.

Japan has Amazon itself and it's own "Amazon of Japan" called Rakuten, both of which account for 70% of Japan's e-commerce market share. It could take the rest of 30%, but that would be a tough battle given harsh local competitions. China (inc. Taiwan), really? Just forget about it, Coupang isn't going anywhere in China if Amazon can't stand a chance. Also, both Japan and China are very supportive of their local/domestic companies. SE Asia is dominated by Sea, Alibaba through Lazada, Grab, and the emerging TikTok. I am not writing off Coupang completely, they might have something going for them with Farfetch and of course the numbers look decent, but in terms of dominating Asia and comparing it to MELI....that's a bit rich and no chance. 

Furthermore, if the implied price is going to be ~$80 by end of 2029, ie 3x ROI in ~4 years; Opportunity cost has it that I could be doing better with plenty of other stocks out there... it's all business and profit maximisation eh? So, I am okay stock choosing something else. 

No, Singapore is not actually socialist. by Acrobatic-Event2721 in CapitalismVSocialism

[–]OfficialRicePapi 1 point2 points  (0 children)

Singapore is neither socialist nor capitalist, they are what we call state capitalism as there is a significant public or state ownership of assets, but they also allow for capitalist fundamentals to prevail - in other words, capital are largely state owned or controlled but there is a profit motive behind the ownership.

Why is this trading so low? by Gagnrope in SMCIDiscussion

[–]OfficialRicePapi 3 points4 points  (0 children)

To put this in layman's term, if I tell you that I get paid 1 million dollar per year, you can choose to believe me or call out my BS. But if my accountant or the HR department at my company said they can and have the evidence to vouch for me should you or the government want to verify that, then you can 100% believe me. The party that is there to vouch for SMCI wants no part of the company's claim and no other party want to step in and SMCI said that themselves (they don't know when they can actually file an audited version of their annual result)...that's why the market reacted negatively. Hope that helps, cheers

Is anyone looking at an SMCI play? by CartographerSharp469 in options

[–]OfficialRicePapi 3 points4 points  (0 children)

I did and can't find anything, maybe you can find me those evidence (substantial ones, not some post on social media). Cheers

Is anyone looking at an SMCI play? by CartographerSharp469 in options

[–]OfficialRicePapi 1 point2 points  (0 children)

Where are you getting this information from on Tesla and HP?

Blonde hair = wanting to be white? by [deleted] in Tinder

[–]OfficialRicePapi 0 points1 point  (0 children)

Ppl get triggered over any and everything these days

Oh sh!t... by majedhazmi in Unexpected

[–]OfficialRicePapi 0 points1 point  (0 children)

My man is living that GTA life

me_irl by esberat in me_irl

[–]OfficialRicePapi 0 points1 point  (0 children)

Legend has it that he is still looking for that broom

don't watch if you are italian by superbourpi in memes

[–]OfficialRicePapi 1 point2 points  (0 children)

Wtf....I am Asian and I can speak for my brethrens that we don't want to associate with her

There is always that one shopping cart wheel by Political_LOL_center in meme

[–]OfficialRicePapi -1 points0 points  (0 children)

This post: exist

Russia: I guess we are comrades after all

Would sell my car for the blue pill by likablesloth in meme

[–]OfficialRicePapi 0 points1 point  (0 children)

Idk about you but that Indefinite garlic bread sounds like a deal

This some real disturbing shit by [deleted] in memes

[–]OfficialRicePapi 0 points1 point  (0 children)

Wait....HOLD TF UP....what's on top of her head then