Sunday, March 28, 2021

Soros Asset Management CIO on Bitcoin

 


But Bitcoin still probably a scam though.

Btw, I heard topping-up CPF is a good long term strategy.

Have fun

Friday, March 26, 2021

HFSP Mandate

Governments are looking to buy Bitcoin, NYDIG CEO confirms


Maybe full of shit.

Maybe legit.

Who knows?

Our gahmen will never say, for "national security" reasons.


Not trying to cause you to FOMO.

Just saying that if I didn't have any crypto, I'd be concerned.

Luckily I have lots of all these worthless digital rat poison ponzi coins.


Gahmens may or may not be buying Bitcoin.

Billionaires are buying Bitcoin.

Companies are adding Bitcoin to their treasuries.

Institutions are recognizing it as an asset class.

Tesla is accepting Bitcoin as payment for their cars.


Yet, DBS "Digital" exchange is only for $5M+ clients.

The crypto purchasing limit through Xfers is $30,000 annually for us regular peasants. 

That's not even 1 Bitcoin.

Actually, it's not even half a Bitcoin anymore either.


Perhaps it's government mandated policy that everyone except the existing ultra-wealthy should 

Have Fun Staying Poor.

Tuesday, March 23, 2021

Have Fun Being CPF Rich



Personally, I prefer having liquid crypto (stable)coins earning decent to even obscenely high yield, which can never be seized by any government or entity, in my complete control, that could be quickly converted to cash in my bank, unlocked and available for me to spend or move with no restrictions on transaction limit or time of the day.

But hey, that's just me.

You do you.

It's a free world.

It's not wrong to choose poverty over wealth. 

Everyone has their own preferences.

No right, no wrong.

In the end, it's just money.

I hope you're having fun being CPF rich.

Personally, I have fun staying poor.

Friday, March 19, 2021

Bank-mandated Have Fun Staying Poor Policy

 


https://www.dbs.com.sg/private-banking/default.page


Weird how buying digital rat poison is a premium product reserved only to scam those with the most wealth.


Also weird how billionaires are buying it. Must be part of an elaborate ruse to scam the plebians.


Luckily the kind and noble banks prevent the stupid and poor peasantry from toying with such scams.


As they say,


The rich get richer.


Have fun.

Thursday, March 18, 2021

Rich from Crypto, or Rekt by Crypto?

Crypto is getting hyped these days.


Why wouldn't it be? The crypto industry is printing out new millionaires daily.


Everyone is getting hilariously rich and you are not. At least you're having fun, right?



But as always, when new fresh dumb money starts coming in, that's the signal that the party might be ending.


If you are here to make quick money, best be sure you're not just here to be my exit liquidity.


In the long run, crypto will likely be one of the most impactful technological advances of our society.


In the short run, riches will be made and lost.


Most will not make it.


Good luck.


Don't say I didn't warn you.


Okay, I will go back to shitposting and making fun of nocoiners after this. HFSP.

Wednesday, March 17, 2021

Astrea VI Bonds and Bonds in general: No

Why buy bonds?

Interest rate risk. 

Default risk.

https://www.linkedin.com/pulse/why-world-would-you-own-bonds-when-ray-dalio/


Crypto lending?

100%+ OVER-collateralized loans

with 24/7 perpetual on-going PROOF OF SOLVENCY

with liquidation bots ready to margin call loans at SIGNIFICANT buffers (5-25% buffers)

with optionality of YOU, YOUSELF, triggering the liquidations if the professional bot runners / liquidation bot bounty hunters are not doing their jobs properly and getting paid to do so while protecting your own investment (but why wouldn't the bots do it properly if there are monetary rewards?)

that pays between 6-14% in USD

with zero-interest rate risks

and no duration risks, lock in risks?


Or take on custodial risks with the likes of BlockFi and Celsius,

and earn between 8.6 - 10.5%?


Or move up the risk ladder and add-on smart contract and composability risks in return for earning between 15-90%?


But naw.

Too good to be true.

Sounds like a scam.


Actually even compared to equities, it's almost a no-brainer.

Imagine if people were actually smart enough to take advantage of this information assymetry.

Luckily Warden Bufflet has groomed and conditioned a whole generation of massive cucks.


Have fun

Wednesday, March 10, 2021

I personally do not trust financial advisors

 Source: After Buying Her Own Condo, This 29-Year-Old's Next Goal Is To Be A Millionaire


> 29

> formerly a relationship manager at a bank

now a financial adviser of an Independent Financial Advisory firm


bought the Chanel Boy handbag, the Audi A3 Cabriolet (now wrapped in satin pink), and of course, the private property – a 2-bedroom unit at Bartley Ridge condominium

bought the 2-bedder unit at $1.1 million, paying a whopping $500,000 in cash and $100,000 from her CPF Ordinary Account for downpayment.

> "... I am more conservative and don’t dabble much in investments or stocks to grow my wealth, so I thought property is something I can explore”


paying a whopping $500,000 in cash for downpayment

don’t dabble much in investments or stocks


now a financial adviser




Suspicious? Perhaps.

How she made her $500K cash savings along with enough for her car plus living expenses along the way without "dabbling much in investments or stocks" until her first condo at 29, I suppose will be the biggest mystery of all.

Financial advisors do NOT need to make money following their own advice that they give to clients. They make money from clients paying them to hear advice from them.

Why buy stocks and shit when you can get people to pay you to tell them to buy stocks and shit?

Lol.

I love how absolutely broken the incentives are in our financial industry.

You can wait for regulations to fix this, or you can search for better alternatives. Perhaps something along the lines of Decentralized Finance? Oh, too radical? Okay, 4% in the SA for you then.

Personally, I can confidently say that I made my money from buying in early into disgusting rat poison squared digital ponzis so that I can be on the top of the pyramid MLM, but yet the math still actually adds up and best of all, is verifiable on a public blockchain for anyone to check, if they bother enough.

Imagine double digits - or worst, single digits - annual returns.

I'd kill myself.

Triple digit annual returns or GTFO.

As a side-note, I really dislike how it is so ingrained into the average Singaporean feels that the only "good" investment is buying a private property and renting it.

But hey, we all get to choose our own way of how we want to Have Fun!

Tuesday, March 2, 2021

$100,000 a month passive income - enough to F.I.R.E or overkill?

(it's in USD)

APPARENTLY, this is some nonsense called AAVE-ETH BPT 80/20 SM STAKING.

To be honest, I don't really understand all this criptoe current seas blockchain mumbo jumbo.

So this looks fake to me.

Possibly photoshopped.

Or maybe a scam.


There's no way this is real money.

No way, simply not possible.

It has to be just another one of the thousands of fake worthless internet money.


Buy SGX dividend stonks huat together.

No Starbucks.

Cai Png only.


That's the only true, tried and tested, real way to FIRE.

Don't let anyone else tell you otherwise.