I am a venture capitalist specialising in investing in Asian tech companies.
"What's the point of fuck you money, if you don't say fuck you?"
Relationship Philosophy:
DGAF & Dread is all you need.
@flyingpandaz So as a thought experiment that might be useful to the group, let's take a hypothetical investor, single TRPer who either owns his own place or rents and doesn't want to own. Has a job that pays his day to day bills, etc. Has an emergency fund, and contributes to retirement funds, etc.
Say our hypothetical investor has $50k/$100K/$250K free cash to invest.
How would you allocate those amounts at 20/30/40/50?
@MentORPHEUS To many of these corporations and conglomerates being friends/allies with China is much more beneficial than being enemies with them. Which is why we see so many corporations (NBA, Blizzard, facebook, microsoft and etc) willing to bow down towards China or at the very least try not to anger them.
Global economic domination by China is inevitable and instead of complaining, which so many of us in the west do too too much, we should accept the current reality and start taking advantage of the situation (China
@flyingpandaz Not implying, I am EXPRESSING that accepting Chinese money is now biting many in the ass. This is an economic shit test by China. Companies are not doing a good job passing it.
Now is a watershed moment. Will any company be the man standing in front of the line of tanks? Or will they all fold, silence and expel Americans from American stadia, and apologize to their ascending Chinese masters?
Worth discussing how individuals as well as small to large companies respond to this.
@MentORPHEUS Hong Kong protests are destroying their own country and economy. Fucking idiotic students getting swayed by masses with no critical thinking and long sightedness. I was just in Hong Kong last week and the very people that are suffering from all this are their own working class people. Mum & pop stores are closing everywhere, working class businesses are going bankrupt and tremendous amounts of money is being moved out of the country, and they're the one losing their jobs. Rich people are the ones that are able to easily move to different countries, which they are. Most of my partners and friends in HK are moving to Singapore or Malaysia, and guess what, they're moving their money out the country too.
Welcome to reality, don't fuck with the people above the food chain.
@MentORPHEUS So? What are you implying? Private businesses that seek profit and money are obviously going to follow the money (aka China).
Students - particularly young people are so easily swayed. They lack critical thinking that they're so short sighted to see the impacts of what they are doing. I recently went to Hong Kong for a financial roadshow raising capital for one of our companies, and holy shit the city is in a disaster. Shops all over the country are closed and businesses are suffering. These are not conglomerates that are suffering, these are mum and pop stores, that are suffering due to these dumb ass protests.
These people do not understand that the very protest they are doing are only harming themselves. These are businesses opened by working class people that are suffering: restaurants, small clothing shops and etc are not making money and most of them have gone bankrupt for the protests that has gone for about 5 months now. Rich people can easily move out and move their money away from the country which they are already doing. As Goldman reported, more than 4 billion dollars was moved from HK to Singapore, and much more money is moved to Malaysia and Australia(can be seen with the surge in Australian properties due to the shifts in investments). These people have no fucking idea what they're doing and they're ruining their bloody economy and their livelihood. I contemplate how the younger generation will hold the torch once we pass it on to them, all I can say is good fucking luck humanity.
Read More@TiberiusBravo87 I did a whole post about this on the financial freedom tribe. Here's a snapshot of the post. """ My suggestions will always remain the same to anyone seeking to be a millionaire:
@flyingpandaz Yeah. I don't want to quit my job, rearrange my life, and become a stock trader for a living. I just want an extra million to fall back on. Just point and say "Now, CainPrice!" and I'll go make a million and buy you some scotch.
@enfier "I just buy things I'm comfortable with holding for life" Wonderful. You are already far ahead than the rest of the herd just by having a long term mindset, most people want to get rich quick and focus too much on the short term.
I never hold more than 10 positions for my stock portfolio(concentrated diversification, unconcentrated diversification with 30+ more stocks are only for people who don't understand the market). And yes in this time right now, finding buying opportunities are a pain in the ass as most assets are too overpriced.
To answer your question, yes I am constantly rotating my position however only in these 2 cases:
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I am a venture capitalist specialising in investing in Asian tech companies.
DGAF & Dread is all you need.