[Copypasta] Thats why this place is so special.

Listen 5 years ago I wanted to get into investing. I came to this sub to get some advice. One guy helped me with a stock I could invest in. It was dipping for a few days and I kept asking what I should do and he said hold. Kept quoting Warren buffet On the third day I panicked and told him I had to sell. He sent me a video and told me to watch it before I sold. It was a guy getting railed by jpow. I lost 400 dollars that day but it taught me some lessons. Now look at me. Been investing for over 3 years now. I was even on this gme thing. Yeah I could of made 8x the profits instead of 4 but I consider that my own fault. But through this great sub and everything I have learned, I reinvested my profits and as of today I am down 5 grand. Thats why this place is so special.
February 2021

WallStreetBets

(▀̿Ĺ̯├┬┴┬┴ Psst... kid, you wanna disable adblock?
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Careful bulls, dangerous things past the moon

Careful tomorrow bulls, there are dangerous things past the moon. ✨ .-' `'. ✨ / \ . ☀️ ☀️ | ; ✨ | | ___.--, _.._ |0) ~ (0) | _.---'`__.-( (_. ✨ __.--'`_.. '.__.\ '--. \_.-' ,.--'` `""` ( ,.--'` ',__ /./; ;, '.__.'` __ _`) ) .---.__.' / | |\ \__..--"" """--.,_ . ☀️ `---' .'.''-._.-'`_./ /\ '. \ _.-~~~````~~~-._`-.__.' | | .' _.-' | | \ \ '. `~---` ✨ \ \/ .' \ \ '. '-._) ✨ ✨ \/ / \ \ `=.__`~-. jgs / /\ `) ) / / `"".`\ , _.-'.'\ \ / / ( ( / / . ☀️ `--~` ) ) .-'.' '.'. | ( (/` ( (` ) ) '-; ` '-; (-' ✨ ✨ ✨ ☀️ 🚀 <--- BULLS ✨ ☀️ ✨ 🌙 ☀️ ☀️ ☀️ ✨ 🌎 ✨ 🌝 ☀️ ✨ ✨
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December 2020

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

Mr. Musk I don’t feel so good.

Mr. Musk I don’t feel so good. ༼ つ ◕_ ◕ ༽つ ༼ つ ◕_ ◕ ::;:.::..:. . . . . . . . . . . . ༼ つ ◕_ :;:.::..:. . . . . . . . . . . . . . ༼ つ :;:.::..:::....:.:... . . . . . . . . . ༼ ;::,':;:.::..:::....:.:... . . . . . . . . .
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December 2020

WallStreetBets

Hello gentleman, I have suffered a loss of 69K

Hello gentleman, I regretfully wish to share with you all that I shant comment on this Internet forum henceforth. As of the time of my arrival in this past autumn, I have suffered a loss of 69K. By the blessing of Lady Luck, I am still experiencing a positive net balance of 420%, so I have come to the conclusion I must liquidate my insignificant phallus account. I shall use this fortune for procuring a vaginal enlargement and acquire tremendous breasts for my OnlyAristocracy parchment. Or I may be devilish and maintain an investment position in TournamentCease. I am short of hours of leisure in life, training dogs to consume peanut butter from the reaches of my posterior and can not bare the rapid change of value of my investment holdings of 40 point 7 grand. I am aware that you, my peers of this financial derivatives Internet forum are filled with ecstasy to become privy to this, so copulate with yourself, I desire you all to be ablaze in nonheteronormative ursine hell in tandem with Sadam.
March 2021

WallStreetBets

GME bank consultation

Short story-time for amusement reasons only: some days ago, I went to my bank (Austria). I am the owner of quite a number of GME shares and my broker app is actually just the bank-intern bond trading app, where I need to pay transactional feed everytime I buy (what is sell?) GME shares. I informed myself about the reasoning of those transactional fees beforehand and found out that by paying them, I have the right of consultation by my bank about the shares they‘re trading/I‘m buying. So, I went to the main national building of my bank, they were really friendly at the beginning, enthustiatically, I mentioned GME to them and that I wish for professional consultation about the financial details involved with that stock (I am not a financial guy, actually, I don‘t exactly know what‘s going on, it‘s all pretty crazy to me). Suddenly, their posture and mimick changed pretty suddenly. I was told, they are not allowed to consult about GME. To my question, why this was the case, they told me, because GME is „too irrelevant for the big stock market“. They are „aware of the past short squeeze, but one should no longer focus on GME“. They acted as if GME was some „childish financial playground“ that should be forgotten about. When I confronted them with the huge recent naked short attacks and if they could explain to me possible effects of them if they were not covered, they just repeated themselves how „GME is not relevant, please focus on stocks like Apple or Amazon to be safe“. I left the bank, buying more GME shares.
April 2021

WallStreetBets

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