[Copypasta] I couldn’t tell you what half of the companies in my portfolio do

I couldn’t tell you what half of the companies in my portfolio do or even what the ticker stands for...but you better believe I’m jacked to the mf’ing tits in every single meme stonk that you crayon eaters have been pumping. CHOO CHOO MF’ER.
December 2020

WallStreetBets

https://www.reddit.com/r/wallstreetbets/comments/k1zap5/daily_discussion_thread_for_november_27_2020/gdrhytv
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Oh my gourd, I am financially ruined (agricultural futures)

I have lost everything, and I'm not sure how to continue. This summer I invested $17,500 (six months salary and my entire life savings) into ornamental gourd futures, hoping to capitalize on this lucrative emerging industry. After watching a video about Vincent Kosuga and his monopoly on onions, I decided I'd try to do something similar with another vegetable. I did some research and found out many agricultural forecasters expected this year's gourd yield would be far smaller than the past, due to deteriorating soil conditions in central Mexico and a warmer-than-average spring. At first, demand soared around Halloween and prices skyrocketed, but the gourd bubble burst on November 12th. Unfortunately, the coronavirus caused a massive drop-off in demand due to fewer families decorating their tables for thanksgiving, and prices plummeted. I had invested early enough that I thought I would still be fine, but then on the morning of December 2nd, a new email in my inbox caused my stomach to turn into a pretzel. The massive gourd shipment from Argentina, scheduled for early March, had arrived. I was planning on selling off my futures right before this, in February, but this ruined everything. To top it off, the gourds in this shipment were absolutely gargantuan, some topping 4 pounds each, causing the price-per-pound to drop like an anchor into the range of 6 cents per pound. I am ruined.
January 2021

Classic

WallStreetBets

I am going to short the whole country of South Africa

I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph. Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years. That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American. Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock. I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems. My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.
February 2021

WallStreetBets

GME stock and WSB vs short sellers

Let me tell you what happens tomorrow because it's even worse than what happened today. There they are, Melvin Capital. Furiously jerking their 2 inch boomer cocks to their GME short gainz. They are so close, edging themselves with "Oh yeah, the next Blockbuster" and "Yes baby, brick and mortar go bye-bye." They even sit in a circle sucking and jerking each other off, double fisting like they're skiing down Mt. Everest with cocks instead of poles. Out of nowhere, Ryan Cohen steps in with the most massive and vieniest schlong they've ever seen. He starts eating their lunch and muttering about Cheey for games and they can't do anything because their engorged penises are stuck in eachothers mouths and poop chutes. They attempt to ignorr him and try to keep jerking but they accidentally used hand sanitizer instead of lotion. BAM GME starts rising from the ashes and the retards of WSB are lighting the fires. We brought lighters that we borrowed from our wives boyfriend's and they weren't those shitty clear one. We have motherfucking Bics and torches. Melvin is crying and pleading but we are too retarded to understand coherent English. They see giant red dildos on their screens and their buttholes begin to pucker. They dump everything they have at us in an attempt to supress the price but again, we only understand broken english and emojis. We only understand basic visuals and colors. When we see green, we buy. When we see red, we take out another student loan or CC cash advance and we buy more. We are fucking unstoppable. GME skyrockets and they start scrambling to pull dicks out of random orifices, but it's too late. Bears R Fuk. After we are done splooging all over their faces, and becoming their wife's new boyfriends, we throw Melvin and BOA on the chopping block to be liquidated and disposed of. That's what happens tomorrow, and we are gonna turn that shit into a movie.
December 2020

WallStreetBets

Don't use the "F word" on the trade floor

Just heard an employee use the “F word” on the trade floor, and immediately fired them. Maybe other funds will tolerate that kind of language, but don’t you dare talk about Fundamentals here.
January 2021

WallStreetBets

I am financially ruined

I came here for the first time and in 3 minutes made the decision to put way more than I can afford into PLTR calls. I’m too retarded and now I literally dont know what to do I am financially ruined and I can’t even remember what I read that said this pltr thing was a good move. Fml
December 2020

WallStreetBets

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