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
23,433 Blog Posts

More Massive Gains With Barely Any Real Exposure — Easiest Market Ever

The one notable thing about my recent gains is I’ve been achieving them with upwards of 50% cash. In other words, today’s 3% gains could’ve been 6% if I had applied myself. Which begs the next question: shall I endeavor to increase and recklessly increase my exposure into shit-tiered stocks during this Santa Claud laden week of 2020? I do believe it might be worth my while. The fact is, America just passed a “stimulus bill” that is sending billions overseas, even $15m earmarked for Pakistani gender programs. This isn’t a country, but instead a large entity from which the people inside of it make money. That’s all. Take all of the statues down and remove the flag — because the America of today is nothing like the America pre LBJ — and that’s a fact.

I’m not complaining about it — per se. And those of you who exhibit patriotic feelings are moved by sentiment and not facts. You know it and I know it. However foolish, I do salute you. But Le Fly has little to no interest in saving what is already dead and inside of 5 years will be gone for Europe — never to return again. There are various reasons to leave, very few to stay — other than family. My children are older now and 2 out of 3 like me — so I did a 66% good job. Once college is completed, I will depart for Europe and run the green fields and denounce my citizenship and throw it into the trash.

As for the stocked market, higher of course. You do not need me to tell you that. Until something interesting or different happens, you’ll just have to endure my missives about me and me and more me.

Ciao.

My MTD gains are straight fire.

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10 comments

  1. roguewave

    I hear Portugal is quite pleasant.
    As Doug Casey says, the original concept of America no longer exists. Now we just have the United States (well not that united)

    PS rant
    Mothers who wear masks with their infants and young kids are socially damaging their future. Development is time specific. If one is not exposed to light when those areas of the brain form; they will be blind for life. (That’s an analogy, fake newsers)

    This will be another, Drs. will say, “Oh how could we possibly have known” years in the future.

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  2. bambam

    Leaving the United Stakes to go to the EU.. that’s hilarious. Grass greener over there for you? Doesn’t matter. It’s the titanic. You can’t escape. Front or back of the boat, you’re on the boat without a life raft. Unless you know of a way off this rock to an inhabitable planet?

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    • roguewave

      When you believe you can’t; you are always correct.
      And they said the wall was to keep others out.

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    • tha pirate

      Bam Bam is 100% correct. Europe is being over run with Islamists, parts of London, Paris and Malmo are ‘no-go’ zones for non-Muslim “heretics”. The EU is falling apart due to the same self-hating far leftists America has.

      Enjoy the FAGS of France and the warm beer of the UK. There is nowhere to run. America MUST be saved.

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  3. one-eighty

    Good luck renouncing your citizenship. The USA will bleed you dry before it lets you go.
    2 friends have done it and they had to pay cap gains tax on all their non-US assets that had increased in value, like their houses, even though nothing was sold. You are treated like you died and everything was liquidated.
    The US taxes you no matter where you live. You could be living in London making profits on the London Stock Exchange and the US will tax it. It is one of only 2 countries who does that.
    It ended up costing my friends a lot of money to leave but they both said it was worth it.

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  4. tradercaddy

    …”two out of three like me….”
    This is why I stopped at two.
    They both like me.
    I am at 100%.

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  5. helen

    “My children are older now and 2 out of 3 like me — so I did a 66% good job.”
    You’ve done better than most:)
    Sardinia is where I have my sight on as the next place to live…

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  6. purdy

    Yup re LBJ. He and his co-conspirators set us on an unsustainable path.

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