Luna/Ust depeg and death spiral
- Top 10 coin lost 40b over few days together w many investors losing massive amount
- Moi entire pf was almost 500k at ath but yeah.. greed ended up 140k down
- Rethinking how sustainable is crypto in the long run after such massive saga
- Based on what has been said so far, will BTC just be the one and only crypto?
- Crypto holdings will just be BTC/ETH if I decide to go back in
Stocks
- Sold most TSLA stock after evaluating diversification, foresee bad markets in the near term but could be wrong based on timing the markets
- Will include SPY for diversification, lesser returns doesn't matter since main purpose now is to take time off investing
- Doing ATM wheel strategy on SPY and TSLA, trades will be posted here
- Idea is monthly ATM puts w premiums will give some discounts on assigned stocks and I will sell asap once assigned assuming within profits and repeat
- Suitable for stocks if growth pa is less than 20% if not holding the stock will do better
World's current macro
- Ongoing war between Russia n Ukraine, until this war ends, prices of commodities will continue to rocket in additional to already high inflation caused by m2 supply over past 2 years
- Almost 30% of money supply in US was printed over past 2 years since 1960s and together with increasing demand and supply/logistics constrains from China
- Something has to be done to curb demand and by what means?
- Increasing rates over time to 2.5%- 3% by 2023 but that would mean losing the OC of using the money to build/improve the country
- Tough situation for the US govt at this moment and question is will JP allow US to go into a recession. Best thing to do now is to keep cash on hand
No comments:
Post a Comment