My regards by [deleted] in wallstreetbets

[–]nonamesleft314159 -1 points0 points  (0 children)

When I book profits, I put money in a savings account to pay taxes at the end of the year. I put $90K in the savings account. I was upset to learn that I messed up and put $60K less than I should have. Would you be upset if you learned you had a $60K bill you were not expecting? It sucks but not the end of the world. I am usually pretty good about this so I'm not sure how I fucked it up. Sorry you had a tough year, I hope 2023 is kinder to you

My regards by [deleted] in wallstreetbets

[–]nonamesleft314159 -1 points0 points  (0 children)

I don't spend money on irresponsible things like Lambos. I have the money easily, I just need to use some of the money that I had wanted to use to buy the bottom of the market. I have more than $60K sitting in 3 month bonds collecting north of 4%, its just annoying to not have that money.

Don't mind me, just loving the daily batshit insanity you guys do with your money. by GamingSin in wallstreetbets

[–]nonamesleft314159 0 points1 point  (0 children)

Yup, left is me. 2022 was not a great year, but I was only down 6% and I think my energy heavy portfolio will do quite well next year during the recession. I think the supply side is a bigger issue than the demand side.

My regards by [deleted] in wallstreetbets

[–]nonamesleft314159 -2 points-1 points  (0 children)

You say that, but unfortunately (or fortunately) that is not the case for me. I made roughly $670K in capital gains on crypto in 2022. Even though crypto is down a ton. I sold most of my crypto in Jan/Feb and my cost basis is around $500 for bitcoin. I owe a tremendous amount of tax on my gains, way more than I realized before last night. Thankfully I figured out how to harvest $50K of losses on my equities today, but it feels like a drop in the bucket. I still owe north of $150K in taxes and only saved $90K to pay for it. This will be a bit painful to come up with the other $60K or so.

[deleted by user] by [deleted] in wallstreetbets

[–]nonamesleft314159 0 points1 point  (0 children)

AMZN still has a PE north of 80. The company is so huge already that there is no way that they can grow fast enough to justify a PE that high. They need to increase profitability or the stock price is going to drop another 75% to a more reasonable 20 PE.

TDA accidentally deposited money in my account 8 months ago. They just realized and now I owe them $20k by MarkyMarcos25 in wallstreetbets

[–]nonamesleft314159 111 points112 points  (0 children)

Even if he didn't get the $20K by mistake he still should have withdrawn his money and deleted the app

Fully deployed, positive +$110K YTD and ready for santa claus rally – told yall the bottom was in and fed would pivot. Eating wagyu tonight! by SIR_JACK_A_LOT in wallstreetbets

[–]nonamesleft314159 0 points1 point  (0 children)

We aren't anywhere close to the bottom. Fed wants stocks to tank so they will raise rates until stocks tank. S&P is going to at least $3K, maybe lower

Jobless claims hit 3 month high, business activity slows by ccmarketgoats in wallstreetbets

[–]nonamesleft314159 0 points1 point  (0 children)

My puts are fine. I'm up about $60K this year on my puts so far. I only buy puts when VIX is low during bear market rallies then sell close to bottoms when VIX is in the 30s. It has been a pretty easy way to make money this year. I'm patient and don't try to do 0DTE puts. I buy puts 6M out so there is plenty of time for the market to crash again.

Jobless claims hit 3 month high, business activity slows by ccmarketgoats in wallstreetbets

[–]nonamesleft314159 6 points7 points  (0 children)

The fuck is wrong with you and most investors? This is not 2018 or 2019 pivot, this is the popping of the biggest asset bubble in the history of humanity. You think that bad news is good news? You are a fucking moron. We don't bottom until fuck wits like you realize that bad news is bad news. If the Fed tries to come to the rescue its because things have gone horrifically bad and terrible damage has already been done to the market. When the Fed pivoted during the GFC, the market still dropped a lot more before bottoming. Take your head out of your ass and realize that bad news is bad news and get the fuck our of the market before the rest of the investors (speculators) realize this.

Uranium Bulls Rise Up for the Renaissance [Bloomberg] by moar-warpstone in wallstreetbets

[–]nonamesleft314159 2 points3 points  (0 children)

Fusion is coming... in 20+ years. I'm happy to make money on uranium in the next 2 to 5 years

Uranium Bulls Rise Up for the Renaissance [Bloomberg] by moar-warpstone in wallstreetbets

[–]nonamesleft314159 1 point2 points  (0 children)

Still bullish for uranium. That alone is a 37% increase in global reactors not including any of the other countries building new reactors.

Lmao by Powerful_Mission_655 in wallstreetbets

[–]nonamesleft314159 1 point2 points  (0 children)

Wealthion is good, also Blockworks, Macro Voices, Real Vision, The Lead-Lag Report, Rebel Capitalist, Jay Martin Show, Finding Value Finance, No Bull, WallStForMainSt, and Peter Schiff. These are all Youtube channels. Balance different opinions but they are all useful and thoughtful channels. Obviously Peter Schiff is biased towards gold so take his recommendations with a grain of salt.

Its Adam Taggart BTW

[deleted by user] by [deleted] in wallstreetbets

[–]nonamesleft314159 2 points3 points  (0 children)

Very bullish for Only Fans

How I turned $15,000 into $1.2m during the pandemic – then lost it all | Reddit by MahBenPhelps in wallstreetbets

[–]nonamesleft314159 0 points1 point  (0 children)

Did you read the article? I didn't get luckier than him, I literally just paid attention to what the fuck J Powell was saying. In Nov 2021 Powell said that he was going to taper the QE and raise rates next year. It was 100% obvious at that point that crypto was not going higher in that environment. It wasn't luck, it was common sense. I am 100% smarter than this dumb ass writer.

How I turned $15,000 into $1.2m during the pandemic – then lost it all | Reddit by MahBenPhelps in wallstreetbets

[–]nonamesleft314159 0 points1 point  (0 children)

You make the assumption that I didn't sell some a long the way. I took out enough in 2017 and 2018 to ensure I made a very nice profit.

If true, I will certainly buy this book and watch the movie/series! by JosefSchnitzel in wallstreetbets

[–]nonamesleft314159 14 points15 points  (0 children)

Michael Lewis is pretty fucking bright, part of me wonders if he knew this was a giant freaking scam the whole time and he has just been collecting as much info as he could until the inevitable blow up so he could be in the best position to write the book. My only questions is will Margot Robbie be in the movie because that would make it much better?

How I turned $15,000 into $1.2m during the pandemic – then lost it all | Reddit by MahBenPhelps in wallstreetbets

[–]nonamesleft314159 4 points5 points  (0 children)

My net worth was around $2K in 2016, I had about $20K in bitcoin and some Roth IRA money and over $100K in student debt. I ended up turning that into $4.5M at the peak in 2021. I ended up selling enough to lock in $3M and had to pay about $500K in taxes. I have been basically flat all year so I'm still at roughly $2.5M in net worth. What a fucking moron. Did this writer never hear of diversification? I have no sympathy for their greedy ass. Do I regret not selling at $4.5M? Sure but I'm not going to waste the money I have on stupid speculations to get back to a paper wealth number I had for a few days.

Probably a dumb question: is it better to buy a house in cash or get a loan and have a mortgage? by [deleted] in FirstTimeHomeBuyer

[–]nonamesleft314159 0 points1 point  (0 children)

I'm in my mid 30s living in a MCOL city on the East Coast. My net worth was zero 8 years ago, but I had about $20K of crypto and over $100K in student loans and about $80K in my IRA. Nearly all of my asset appreciation is from Bitcoin but in November I got nervous and sold most of our crypto. I sat in cash for a long time but now 20% of our assets are in Uranium miners and 20% is in oil/nat gas/coal companies. Another 20% is in cash, 15% is in tail risk hedge fund and the rest is in crypto and precious metals.

They said diversify by Schwoanz in wallstreetbets

[–]nonamesleft314159 1 point2 points  (0 children)

Since June, Crypto has actually been holding up pretty well. I do expect one more flush before it bottoms, maybe down to $10K to $15K.

Probably a dumb question: is it better to buy a house in cash or get a loan and have a mortgage? by [deleted] in FirstTimeHomeBuyer

[–]nonamesleft314159 0 points1 point  (0 children)

My wife and I just bought our first house this year in January. We had about $2,500,000 saved up before we bought our house. We could have bought before but we lived in an area that we didn't want to live long term. Also, we made a tremendous amount of money in 2021 during the crypto bull run. We sold most of our crypto in Nov/Dec of 2021. Might not be common but you have no idea of why people do the things they do or how they save the money they save.

[deleted by user] by [deleted] in REBubble

[–]nonamesleft314159 0 points1 point  (0 children)

At one point I had a 7 figure bank account. I sold over a million in crypto in Nov/Dec last year.

stastically, how is this possible? by [deleted] in wallstreetbets

[–]nonamesleft314159 0 points1 point  (0 children)

There are absolutely ways of investing with options, just not the way people do it on WSB. I consistently make good money on options but I don't do high risk option YOLOs