Paarslaars

Exactly why I switched the kids portfolio from BRK to FFH. Buffet had half of book value in cash right now... And other than some OXY buys (well above current price) he hasn't done much with it.

Volatility is a gift to the faithful - Saylor. Over the past years my portfolio has become more volatile, mainly by incoporating leaps. At the same time my returns have been much greater. Do have to stomach a 15-25% drawback every year though... while I am getting better at that, still takes me a few days each time to process it all.

They will hit industries from swing states.

You can get it through Umicore Europe, they have sourcing in Congo and China.

In Dutch we have a saying: when you're getting shaved, you need to sit still.

Oh thanks for this, I was nowhere near my margin limits and got this notice today (+/- 3 hours ago) ... thought wtf?

Interesting perspective. I would be way more comfortable losing 0.5M at 2M because I know 1.5M is enough for early retirement here, rather than losing 100k at 500k because that's a 20% setback on the way to 1.5M. But yeah country with free healthcare and university... makes a big difference. Also capital gains are taxed at 10%... Ontopic: got back into APO today.

But up strongly over the past year. So it outperforms, it's just volatile.

When I just bought a bunch at double current price and I am out of money, yeah kinda.

True but you are referring to someone very young.. I am 37 and still consider myself you but my portfolio is like 20x annual savings. But reading Red Lion's post does remind me of the difference between countries. Savings here are much less than in Canada or US because of the 45% tax rate. Then again costs are much lower...

But bigger potential impact at this point in time. Many of the multi millionaire early retirees here will be fine losing a million, no impact on lifestyle. But those still grinding to build that nest egg to retire early on, can get set back quite a bit on a 100k drop, potentially postponing retirement with multiple years. Not the worst thing in the world though. however they also stand more to gain on the rebound.

Yeah but also hurts more when you are younger.

Well you are a much better trader than I am... I am just gonna hold until it takes off when liquidity comes back. I am counting on Saylor to stack for me in the mean time.

Yeah this will blow over in a few months, just hurts a bit now when sitting on leaps. Glad bitcoin is holding up formidably. That said, this might be the time to sell out of some things holding up well in order to buy things getting hit hard?

Hope you're right, premarket china is not looking pretty.

China imposes 34% trade tariffs on the US. Let the war begin...

Yeah BTC is holding strong, it is still a volatile risk asset in the short term. Especially when announcements are made after hours, people panic and want to sell but the only thing you can sell at that moment is BTC because it trades 24/7. However looking at recent events, we just had the worst day in the market since march 2020 and BTC is still up 20% since the election and 21% over the past year (from it's local peak at that time). Meanwhile the S&P is down 9% since election and only up 4% over the past year.

And all the others? This isn't about China, I'm not excusing China. But the US tries to bully everyone else, lots of countries that do not impose trade tarrifs on the US. And these countries will join forces with China, that is what a trade war is about...

I think things will be different. EU, China and Canada will form closer alliances. They will trade with US only if they have to and everthing else they will get from eachother. US is big but not bigger than the others combined... This is how you stand up to a bully.

YTD -13%. Having a large BTC related position and a bunch of leaps really hurts in days like these but will also be euphoric when things pick up again. Less tarrifs more BTC buying Donald, go go go! Today reminds me of august 5 last year when everyone went crazy over that Japanese carry trade unwinding. Was the lowpoint of the year but only a few months later I was up big.

I am thinking of buying/selling leaps based on the VIX during this presidency... Buy above 25, sell below 20.

Against inflation yes, against market fears no... On the contrary, it is a more volatile asset (at least at this stage of the adoption curve). Edit: Saab & Rheinmetal doing well today...

I don't understand the logic behind it. Now if you were to denominate (correct word?) this with GDP or something, maybe it could make sense... Now smaller economies are getting crushed. The US has spend decades taking advantage of cheap labor in these countries... Why is that labor no longer wanted?

Of course we don't.. the 39% is the trade deficit. Basically the US imports 39% more from EU than the EU from the US.

I think both are stupid but who am I...