Tuesday, May 4, 2021

Humility Based Investing

Some think that the max pain scenario is for the crypto "lucky" / "arrogant" like myself to get rekt and have their networths plunge -80% after this irrational crypto bull run is over.

"To teach them a lesson in what REAL proper investing is", so to speak.

And we will realize that crypto was all just a scam.

And we will go back to buy stonks that pay out dividends,

And buy an OCR condo and play landlord to collect rent,

And then can F.I.R.E. the "proper" way.

Living the "correct" Singaporean dream.

Buy whole life insurnace.

Buy unit trusts.

No Starbucks.

Caipng only.

1M65.

Lol.


But perhaps, the max pain scenario is the opposite?


The max pain scenario is crypto grinding up,

while the crypto "lucky" continue to get scammed even deeper into being ultra rich,

while everyone one else watching is having mega a lot of fun.


The max pain scenario is meant for the no-coiners.

No max pain for crypto chads.

Only max glory.


Everyday that I continue staying invested in crypto,

Is yet another day that I'm getting scammed into being even richer than yesterday.


Ah, can you imagine the smell?

Can you taste their tears?

ITS SO SALTY AND DELICIOUS I LOVE IT.



It is funny how "arrogance" causes behavioral and emotional biases in investing.

When you realize that the market doesn't give a damn about how much money I already made from crypto,

Or how much money I will continue to make,

Or that your opinion on this matter has literally zero impact because who the fuck are you,


Then you have reached enlightenment

And perhaps,

Just perhaps,

You might be able to stop having fun.


But until then,

Have Fun Staying Poor

3 comments:

  1. Most middle-IQ financial advisor peeps i know missed out on the early crypto run (when they were bz bidding "cheap" stonks/bonds), are now doubling down on their parabolic/volatile/bubbly crypto thesis to their clients when quizzed on the lack of exposure (plus lack lustre stonk performance this quarter). These advisors are also the same people who "invest" in crypto on the side. It pretty hilarious to watch as they switch mode between "speculating on can afford to lose personal money" and "professional we'll offer crypto investments only when our mutual funds are ready, meanwhile it's too speculative and volatile". SMH.. let's not even start on the sg property circus. Everyone is telling a story but no one bothers with the truth.

    ReplyDelete
  2. Senpai, who are these people whom you keep wishing to have fun? Are they imaginary?

    Meanwhile congrats on ETH ATH, I know you have a big bag :D

    ReplyDelete
  3. Thank you for sharing such a good informative post. study loan for canada

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