[Copypasta] I am financially ruined

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

You toss and turn as Elon gently rubs your shoulders

You toss and turn as Elon gently rubs your shoulders. "You seem a little tense" says Elon, as you look at your bank account. Your phone shows $107 left to your name. You think to yourself while Elon rubs you down, you pull open Robin Hood, type in TSLA. Leaps $900 JAN 2023' are only $1 you can afford 1 leap. This is finally your chance to get rich, you'll be able to actually buy a Tesla. You ask Elon what the next Tesla will be. He says "U, for 'you'" as he smiles sweetly. You picture him dancing on stage explaining U S3XY to everyone multiple times as you smile back at him. All of a sudden Elon flips on the TV to CNBC to catch the tail end of Jim Cramer, you see a new law has been passed, "we believe options have inflated the markets into a bubble, we will be imposing a new rule next week only allowing accounts that qualify for day trades to also purchase options with a $25,000 barrier to entry." You start weeping aloud, you feel a caring hand wipe your tear away, it's Elon again, "what's wrong my little X'√π3?" Suddenly you wake, you're in a pool of sweat, at first you panic about the new options policy, then you're filled with relief realizing that options aren't restricted it was all a dream. You realize this was actually a vision to earn 200,000% gains to buy a TSLA leap. You log into RH, it welcomes you with your $107 balance, you plug in TSLA yolo 2023 @ $900 and realize the options are actually $20 each. The best you can do is $900 TSLA weekly expiring around Christmas. In a slight fit of despair you try to remember the feeling of Elon rubbing your cheek, and rub one out onto your stomach, then roll over back to sleep. A single tear rolls from your eye into your waifu pillow. YOLO you whisper.

December 2020

WallStreetBets

NOT. SELLING. GAMESTOP.

🦍 🍌 🦍 🍌 🦍 🍌 🦍 🍌 🦍 🍌 🦍 🍌 NOT. FUCKING. SELLING. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 NOT PRESSING “SELL” ON 1. FUCKING. SHARE. 💎 🤚 💎 🤚 💎 🤚 💎 🤚 💎 🤚 💎 🤚 I’LL GO TO $0.00 BEFORE BILLIONAIRES GET ONE MORE PENNY FROM US. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 CAN’T STOP. WON’T STOP. GAMESTOP. 💎 🤚 💎 🤚 💎 🤚 💎 🤚 💎 🤚 💎 🤚 TOMORROW, I THINK I’LL BE HOLDING THE LINE. MAYBE MAKE SOME TENDIES, TOO. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 I’LL SEE EVERY ONE OF YOU BEAUTIFUL APES ON PLUTO SOON, AND IT’S GOING TO JUST BE A SEA OF SPARKLING DIAMOND. 💎 🤚 💎 🤚 💎 🤚 💎 🤚 💎 🤚 💎 🤚 I LOVE YOU, ALL, AND I’M NOT SELLING, AND I’M NOT FUCKING LEAVING. NOT ONE. FUCKING. SHARE!!! 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀

February 2021

WallStreetBets

Am I the asshole for dropping my 6 year old son at an orphanage for his inability to trade options?

This started about 4 years ago when my son was 2 years old. I started to supplement his picture books and cartoons with beginner options books and Martin Shkerli's live videos on how to pick pharmaceutical stocks. Over the course of these years I feel like he has retained absolutely nothing even though I have spent every waking minute trying to make him understand. I have done almost everything that I have thought of including having Jerome Powell's speeches play while he is sleeping and only having Warren Buffet on the TV to try and make him understand the market. I felt as though I got to a breaking point when he couldn't differentiate between a straddle and a strangle even though we we went through different strategies for almost a month straight. I finally convinced my wife that we were doing the right thing when I said that he will soon be a Wendy's worker begging his wife's husband for a weekly allowance because he will never amount to be anything. I couldn't fathom raising a kid who was not able to able to make a profit from trading options by the time he was 10. With all that said if anyone wants a 6 year old child who is shitty at market strategy check out Eternal Sunny Orphanage in Omaha, Nebraska and maybe your luck will be better than mine with him.

September 2021

Am I The Asshole?

WallStreetBets

I'm actually a pretty advanced bait station designer

I'm actually a pretty advanced bait station designer. While my formal education is a bit lacking, my cad and computer animation skills are really good, and I have some truly paradigm shifting ideas for bait stations, both vr and non vr. currently in the beginning stages of seeking VC funds, really trying to move my operation from San Antonio to Austin, a second location could triple my revenue right now. Obviously right now all our orders are high end custom stations, way out of reach for the avg wsb user. Its my dream to one day be able to produce real bait stations in a production environment. Right now my company is in talks with several engineering firms out of Seoul to take our cum recycling system and some how use the energy from the spent cum to recharge the batteries. While the technology is new. It has huge applications. Imagine when you go to charge your tsla, its powered completely by cum. No longer must we let our nonbiological female prostitutes flush our GOLD down the toilet post coitus, that shit is going to drive our new society. The money we save as a society on sock costs alone is tremendous.

December 2020

[Copypasta] I am financially ruined

WallStreetBets

WallStreetBets

I am going to short the whole country of South Africa

WallStreetBets

You toss and turn as Elon gently rubs your shoulders

WallStreetBets

NOT. SELLING. GAMESTOP.

WallStreetBets

Am I the asshole for dropping my 6 year old son at an orphanage for his inability to trade options?

Am I The Asshole?

WallStreetBets

I'm actually a pretty advanced bait station designer

WallStreetBets

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