iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,445 Blog Posts

I’M GOING BACK INTO THE MAELSTROM

This isn’t going to be a post about globalism or anything that you might consider newsworthy. Every so often I give the readers a general update of my thoughts, regarding markets, money management, and life in general.

About a year and a half ago, I became dispirited by the market. The florid years of stock picking were behind me and I was stuck in between a corrupt cadre of central banks and a global economy that was slowing — adding up to what I thought was a toxic cocktail that was bound to wreak havoc. I left behind a burgeoning money management business, told my clients to discount house it, and took some time away from it  — spending my idle time writing, trading and delving into real estate.

After careful consideration, I am leaning towards reentering the maelstrom, back into the game of money management — for a few very specific reasons.  Just like I saw a storm coming in 2016, placing my investable income in treasuries at a time everyone thought it was madness, I believe there is a massive dislocation in a certain sector, which I call ‘nation builders’, that can be exploited.

Believe me (extra Trump), this isn’t Fly being nihilistic, sarcastic, or even attempting to be funny. This is straight up greed, a strong desire to leverage my ideas amongst an array of investors that seek money management of the professional sort.

How will this affect you?

Probably less posts about John McCain and more stock ideas.

Ultimately, iBankCoin is a timeline of a very peculiar and eccentric person. Perhaps one day the site will be dedicated towards herding sheep in the green fields of Romania.  But, for now, we’re doing polyprop and high finance.

I feel very confident about this opportunity and will, of course, keep the plebs apprised.

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23 comments

  1. wisprjet

    It has been quite a ride from the “treasury days” and through the election, to now. Wishing you all the best as you jump back in to more stock picking.

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  2. riskonly

    Been reading iBankCoin for years and although the last year or so has been some wackadoo type shit on a daily basis, I am better for it. Now, please get back into your god damn time machine and tell me which stock is going to make me a millionaire!!

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  3. heaterman

    Here here!! Tally ho and all that.
    Always high entertainment and actionable ideas when you change gears.
    Back to the days of smoking a pipe in a leathered chair!
    Carry on old chap.

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  4. Dr. Fly

    This is a journey lads in self-exploration. Stick with me, winship awaits.

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    • oilerua

      journey-lads in seld exploration .. got it now

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    • sarcrilege

      Why does this sound familiar? Oh, yeah. This first step states, “We admitted we were powerless over markets and that our lives had become unmanageable.”

      Speak at an investment meeting. Some meetings give all participants a chance to speak. Before speaking, the participant is required to state his first name and say that he is a gambler. Pushing yourself to speak for the first time at a investment meeting may be scary, but every time you do so, you take Step 1 and admit to the group that you have a gambling problem.

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    • The Equalizer

      Got out of my industry a few years ago thanks to coin I banked with the help of you, the PPT, the Ben Bernanke, and some Pelicans. Still out of my industry waiting for something interesting to pop up. Until that happens, and I’m pretty bearish on Silly Valley for the rest of this cycle, I’m still here, and still lurking.

      Whatever you decide, I suspect you’ll win. Because amongst the many things I’ve learned over the past decade or so, The Fly always wins, even when it appears he is losing.

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  5. thinair

    Like I said before, buy the QQQ or SPY. You will eventually learn, as I did.

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    • Dr. Fly

      ETF monkeys miss out on all the fun. That’s not what this business was meant for.

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      • thinair

        I agree. But the game has changed so much and etfs have become the drivers. There aren’t many feelings worse than being long individual stocks and watch the market rally as expected and have your stocks sit out. Picking stocks wears on a mans soul over time, and requires too much damn focus and time to manage.

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        • Dr. Fly

          Stock picking isn’t for everyone. I happen to enjoy it and can crush the QQQ on almost any given year.

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          • thinair

            True, but it comes at a price. I’ve been doing it as well for the last 19 years, but realizing there may be easier ways to get the same result.

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          • traderconfessions
            traderconfessions

            Post your trades and let’s see what you got.

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        • traderconfessions
          traderconfessions

          Or.. have a great trade going and some douchebag analyst say something stupid because he’s bored.

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        • bushwacker2

          @thinair dude, based on all the research and your best ideas, you’re telling me you can’t put together 10-15 stocks in a portfolio that isn’t able to beat a 100 or 500 stock portfolio? Seriously?

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  6. mx2101

    Fly- Do what you did that made you famous.

    Also- OK to elevate and do your best. I hate the dumb-down, and I try to rise above it.

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  7. oilerua

    besides being a long time friend of ibankcoin /for my own personal masturbation , lately the zerohedge copy-paste got it very boring ,a return to the origin, the anal mage space magician shitship thing would be a nice welcome

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  8. mad marsupial

    Awesome. “winship” is a curious word. It’s also a cancer institute. Kill it!

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  9. awanka

    Ah, Mr. Fly, I knew it was only a matter of time until you got back into the game.

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  10. bushwacker2

    Glad you’re getting back into the area, gladiator-style and all.

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  11. bushwacker2

    *arena

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