rkbabang

You have to love it. I just made another unplanned buy. I couldn't pass up a buying opportunity given to me by government incompetence.

Yeah, the law firm was great! Cosmic Justice. That was the only justice in the whole story.

Total portfolio is 47% stocks, 32.1% real estate, & 20.9% crypto. Just looking at stocks only it is: I grouped small holdings into OTHER at the bottom. JOE 22.41% PBR.A 8.31% FRFHF 6.49% MSTR 5.68% SRUUF 5.18% TRRSF 4.95% MSGE 3.87% BN 3.49% BYON 3.47% NVEC 3.43% WMB 3.07% AIV 2.95% AMZN 2.72% NTDOY 2.61% ISRG 2.43% SEVN 2.08% SWAV 1.99% FRPH 1.65% BAM 1.56% ADI 1.40% BRKB 1.39% OTHER ( AAPL, CVEWS, EBAY, ENDI, FI, GENGF, MIDD, PAX, RICK, SDGR, SE, SPHR, TRUP, UI ) 8.88% EDIT: Looking at my portfolio, you could say I like Real Estate (Private RE, JOE, MSGE, AIV,FRPH), Crypto (BTC, ETH, MSTR), ENERGY (PRB.A, SRUUF, WMB), and Insurance (FRFHF, TRRSF) the most.

Yeah, that was the most unbelievable part. This wasn't a case of people starting off with a good idea and good intentions then giving in to temptations to start doing shady stuff. This was "hey lets use this crypto stuff to scam people out of their money" right from the start. He even scammed the justice system at the end. Did you catch the part at the end about his new venture is a company to provide loans to poor people at 50% interest? I'm sure that will be on the up and up.

So 2024 starts off with people shooting at 10 ft tall shadow beings at a Miami mall, ending with a truly massive police presence and the authorities telling people later that it was just because of some kids fighting.

Just finished “BitConned” on Netflix. Wow, this is a must see. It’s a documentary on a group of crypto con artists from 2017. I must have said “Oh my god” like 15 times while watching it. The brass balls on these guys. Highly recommended.

A quick check on my account performance: Taxable: 38% IRA: 39% Wife’s IRA(I manage): 42% 401K: 28% Crypto was well over 100%, but still below the high water mark in 2021. Glad I didn’t go all in cash and T-Bills. I use a Fidelity cash management account as my main checking account. Fidelity lists the performance on that account as 4.79% for the year.

Why do you consider BTC as cash? of the things on that list Bitcoin is the only thing I consider to be money. The other things are various debt based types of securities.

Yes that is surprising that AMC messed it up so badly. My wife and I go to this place sometimes https://www.chunkys.com/movie-theater/chunkysmanchester My son and his friends (in there 20s) go there occasionally too. The movies are sometimes older movies or local movies, but it’s sometimes nice to see something on the big screen you might have missed when it was in theaters originally, and they have new movies as well. The seats are comfortable with large tables, the beer and burgers are good, and the service is excellent. Over priced for sure, but you always have a good time.

RIP Gaston Glock (94 years old). He was a legend and a great inventor. BTW, I did read this book a few months ago on your recommendation and enjoyed it. https://nypost.com/2023/12/28/business/gaston-glock-of-the-pistol-that-bears-his-name-dies-at-94/

Exactly, I believe this was Satashi’s plan and he wrote about it somewhere. The mining subsidy is just that. A subsidy to kickstart Bitcoin. At some point long before the subsidy runs out the fees will be more than the subsidy itself. By the time the subsidy runs out completely some time next century Bitcoin will be so valuable that the fees will be more than sufficient a motivator to spend an enormous amount of energy mining Bitcoin.

Nancy Pelosi votes $NVDA for 2024. She just bought 50 Dec 24 NVDA $120 strike calls. I'd be more bullish if she bought out of the money calls, but still, maybe she knows something we don't.

No problem. I hold a larger position in actual coins, but I hold MSTR in my IRA. There is no way easy way to buy the actual coins in a retirement account which is what led me to look into MSTR in the first place. While I like to self custody as a safe guard against societal-level troubles, I think MSTR is a pretty good way to gain Bitcoin exposure too. And will even outperform Bitcoin itself in some time periods.

Buy on an exchange (Coinbase) then move it out to self custody. I don’t move it out every time I buy a little, which has been multiple times per week all of this year, but every time it gets to be about 0.25 BTC or so, I get it out of there.

It might and I still hold a bunch of it. Long term I’m not a fan of ETH though. I don’t like Proof of Stake. It has a centralizing effect giving a small elite control. If ETH does better than BTC in 2024 I’ll use that as an opportunity to convert more of my ETH into BTC.

With a fanatical Bitcoin Maximalist founder dedicated to using all company profits to increase its Bitcoin holdings. He resigned as CEO so he could let someone else run the software side of the business so he could focus on Bitcoin. “I believe that splitting the roles of Chairman and CEO will enable us to better pursue our two corporate strategies of acquiring and holding Bitcoin and growing our enterprise analytics software business,” Saylor said. https://cointelegraph.com/news/michael-saylor-will-step-down-as-microstrategy-ceo-but-will-remain-executive-chair

MicroStrategy (MSTR) is a mediocre but profitable software company that holds 174,530 bitcoins. https://buybitcoinworldwide.com/microstrategy-statistics/

I think a good 2024 portfolio could consist of: Bitcoin by far. Then: MSTR (because of the above) JOE PBR.A AIV SRUUF FFH BYON NTDOY

By far it was ETH followed by BTC. I bought BTC in 2014 at around $200 and ETH in 2015 at $8. I turned a small 4 digit investment into a 7 digit return. I’ve made some good stock investments over the years, but nothing like that. I just wish I had bought a lot more.

This is the one we want. Chick-fil-A, Buc-ee's, Hobby Lobby Merge To Form Most Popular Store Of All Time https://babylonbee.com/news/chick-fil-a-buc-ees-hobby-lobby-merge-to-form-most-popular-store-of-all-time

Sorry I didn’t realize I had that kind of power. Let me give it another try: You could be the President of Russia.

That is ominous. I had no idea he was behind that either. That eye-scanning orb was creepy AF, I can’t believe people lined up to be scanned. I wouldn’t trust this guy as far as I could throw him.

Netflix gives this guy millions to produce a series and he loses it trading options with it. Oops. The Strange $55 Million Saga of a Netflix Series You’ll Never See https://www.nytimes.com/2023/11/22/business/carl-rinsch-netflix-conquest.html or ( https://archive.ph/uZMPN#selection-1037.145-1041.197 ) "Mr. Rinsch transferred $10.5 million of the $11 million to his personal brokerage account at Charles Schwab and, using options, placed risky bets on the stock market, according to copies of his bank and brokerage statements included in the divorce case. One of his wagers was that shares of the biotech firm Gilead Sciences, which had announced that it was testing an antiviral drug on Covid patients, would soar. Another was that the S&P 500 index, which had already declined more than 30 percent, would fall further. Mr. Rinsch lost $5.9 million in a matter of weeks."

It is not better that a country has the ability to control its money. That's the problem with fiat and why their money isn't worth anything to begin with. The USD is better than the peso, because it's the world's reserve currency currently which let's the FED get away with a lot and the demand remains. But hopefully people there move to BTC over time because the USD isn't great either and if it loses reserve status (a certainty long term) they will be right back to where they started. Using a worthless currency.