When my estate is divvied up and my net worth tallied, I imagine my great, great grandchildren will come to blows over who will inherit my XIV holdings. By that time, they’ll be worth billions of dollars — an appreciation enjoyed through decades of constant and persistent beatdowns of the VIX index.
The market will be north of 500,000 and people will travel to work in fucking teleportation machines.
I originally bought XIV a week ago around $120, bore witness to it as it shot to $130, and now watch it again whilst eating potato chips at $119.
Now’s a good time to buy, as far as I am concerned. With the Dow off 400 and people running in the streets of DC with their hair on fire because of the Nunes memo, I think today’s subterfuge is sufficient to extract value out of the tape.
If I’m wrong, I’ll simply redeploy my Martingale Stratagem on Monday and keep buying until it is immensely profitable.If you enjoy the content at iBankCoin, please follow us on Twitter