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  1. Kevin88660

    Opinions on the “Buy, Borrow, Die” stategy?

    INVESTING 
    Realistically brokerage offers interest rate to buy securities are 5-7 percent. IMO borrowing to buy securities should be a short term tactics (buying more in a crash for instance ) and not a long term strategy. The super rich like Elon Musk can get low rates 1-2 percent if they...
  2. Kevin88660

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    Interactive broker should have force liquidation mechanism in place. I doubt the image is real. https://www.interactivebrokers.com.sg/en/trading/futures-close-out.php
  3. Kevin88660

    No bullshit books that help you get rich

    HOT! BOOKS 
    Business people will learn these through business. Dealing with vendors, customers and spending on ads you will gain enough experience and wisdom dealing with people. Your spouse and family read 1-2 steps ahead while you read 7-8 steps ahead. John Warrilow’s built to sell and Donald Trump’s...
  4. Kevin88660

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    Currency devaluation is likely to be a slow rug pull, if successfully executed by all governments. People don’t revolt if prices double every 20 years. Just happen that after the pandemic supply line disruption things seem to get a little out of control.
  5. Kevin88660

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    Buy the fear of war and sell the hope of peace seems to be a winning trading strategy so far and let us see when it will cease to work.
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    IMG_8423.webp

  7. Kevin88660

    The lifestyle, hobbies, and fun thread.

    HOT! CHAT 
    Seeing Mr Mashmello real life first time in Singapore Club. Ticket price went 3x to see a centimillionaire performing live for you.
  8. Kevin88660

    ‘I Live to Work’: MrBeast Admits His Work-Life Balance Isn’t ‘Healthy’ — Here’s How He Built YouTube’s Biggest Audience

    NEWS 
    His style of permanent burning of cash balance to near zero is much more scary than the number of hours he works her day.
  9. Kevin88660

    $2M net worth at 26: Here's what I learned so far...

    GOLD! MINDSET 
    You are business is remarkable that you can cash out 1.7M liquid without selling it. If someone likes a nice car and could afford it go ahead. Sometimes business people get nice cars to convince their vendors that they are reliable and can delay the payment cycle. It serves some purpose. But I...
  10. Kevin88660

    38 Trillion and Counting - Whats the hedge against monetary Disruption

    INVESTING 
    The Chinese debt is on the local gov level while U.S. is at the federal level. The Economics difference is that Chinese debt is used to finance their own infrastructure, where U.S. debt is mainly spent on consumption which became corporate profit. This partly explain why U.S. equity market...
  11. Kevin88660

    A bit skeptical but liking the book

    INTRO 
    What program did Elon Musk and Jeff Bezos sign up? I would like to sign up the same versions too.
  12. Kevin88660

    38 Trillion and Counting - Whats the hedge against monetary Disruption

    INVESTING 
    Anything that is valuable and scarce and has a large consensus built around it.
  13. Kevin88660

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    Historically big brand IPO always left the buyers holding the bags for the next 1-2 years. The founders are savy and they don’t launch it unless they feel that it is very worth it at that price.
  14. Kevin88660

    The #1 Threat to Your Success is Internal...

    NEWSLETTER 
    Reflecting about my own business growth and business growth in general I would distinguish unreasonable goals vs unreasonable expectations. “Unreasonable goals” aren’t unattainable. I think unreasonable expectation is the issue, wanting the achieve that without the necessary sacrifice. There...
  15. Kevin88660

    The #1 Threat to Your Success is Internal...

    NEWSLETTER 
    When I was a teenager, becoming a doctor was the most popular normative prescription life goals among the peers, probably fed to them by the adults. It was seen as prestigious and a common route to earn more than 10k a month, which 20 years ago was a lot. It is still prestigious and respected...
  16. Kevin88660

    "Artificial Intelligence" is the biggest scam going.

    OFF-TOPIC 
    If AI is accelerating productivity, and in the short term layoffs boost revenue per employee, to maintain the same revenue per employee after the equilibrium stage, is that ai-natives workers must bring in even more revenue that is 10-20x more…which we know something is wrong in the projection...
  17. Kevin88660

    What differentiates a business person from everybody else

    MINDSET 
    When they step into a cafe for the first time they start calculating the crowd, the menu, the staffs’ salary together with rental and guesstimate how much the boss makes a month. The normies take a selfie and posts on the instagram. Magnus Carlson the world chess number one says what separated...
  18. Kevin88660

    Why SF rental properties are bad investments, and why Fastlane is the better alternative

    HOT! REAL ESTATE 
    I have seen young top insurance agent here amassing their first pot of gold via ownership of their first property. They are new in the business they have no client. They will their business by rebating their first year commission (for saving and investment product) back to the client and print...
  19. Kevin88660

    Stock Market Discussion, Chat About the Latest Market Action

    HOT! CHAT 
    https://www.channelnewsasia.com/world/trump-iran-war-suspend-attack-two-week-ceasefire-6042301 Two weeks ceasefire agreed. Markets rally. I think Iran is softening the stance after China voiced out that Iran shouldn’t hit gulf states and use that as a strategy. So basically Iran’s only...
  20. Kevin88660

    "Artificial Intelligence" is the biggest scam going.

    OFF-TOPIC 
    Definitely I am a believer in AI accelerating joblessness. There are a lot of bullshit roles existing purely due to corporate bloatness and lack of will to be the bad guy. CEOs have been sitting on million dollar salary without having to be the bad guy to cut fifty percent of the workforce...
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