Investor & Trader | Family Office | Empowering the DIY Investor. Do It Yourself. Not By Yourself. Views & Opinions are My Own. Do Your Own DD.
Joined September 2011
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5,292 Photos and videos
Greg Rieben retweeted
American households, on net, are flush with cash. Citadel Rubner
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Greg Rieben retweeted
Trump after learning the new Fed Chair he appointed to lower rates kept them unchanged
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He forgot to mention the bit about frontrunning the stock market swings that he was creating. π
Trump on the Iran War MOU: "I didn't want to see economic catastrophe. If you kept this going, that could have happened."
It's honestly a surreal minute to watch:
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Jun 17
$SNAP might go to zero with the help of these...π
Jun 16
Evan Spiegel showing off the new Specs AR glasses to the public for the first time.
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Greg Rieben retweeted
Jun 17
You know whatβs amazing? Theyβre not that noticeable on your face.
Jun 16
Evan Spiegel showing off the new Specs AR glasses to the public for the first time.
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Jun 16
Jun 16
Lloyd Blankfein, former CEO of Goldman Sachs, broke down his entire personal trading setup:
portfolio: 98% risky assets. 75-90% single stocks. mostly big tech hyperscalers plus "second tier" names slightly below blue chip.
"i invest in risky assets. that's what's fun for me."
"do you have a team? oh, just me."
hardware: no computer. an iPad and a phone.
information source: texting and calling people.
"somebody will text me. i'll text them. then i'll get tired of tapping things out because of my fat fingers. so i just call people up."
frequency: trades every single day. multiple times.
"it's taking a lot of discipline not to look at my screen while i'm talking to you right now."
"some people listen to music. to me, the market is like music. it's out there. it's going on."
has he outperformed the market? "yes, i have for a while. it's because of where i focused, tech, energy, and financial services. i know a lot about financial services having been in financial services."
the former CEO of Goldman Sachs. manages his own money. on an iPad. alone. focused on three sectors he actually knows. and beats the market.
sometimes the edge isn't the model. it's 40 years of pattern recognition and a phone full of the right contacts.
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Jun 15
π
Jun 15
Thank God the War is over.
Now Gold can go back to being a Safe Haven asset.
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Jun 15
Iran war done. Strait of Hormuz will be back to normal soon. We had the SpaceX IPO...Now what? What will the market pay attention to now?
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Jun 15
Cabo Verde. No clue where that is and had no idea that it's a country.
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Greg Rieben retweeted
Jun 10
This is something you will NEVER hear from the FinTwit crowd. Especially those peddling a trading subscription or service.
If you are under the age of 30 and interested in investing and trading, try this:
1. Put the bulk of your investable money (let's say 75%) into an index fund like the S&P 500 $SPY
2. Take the remaining 25% and trade it. Do this for six months, a year, or even three years. You choose the timeframe.
3. Once you reach the end of that timeframe, compare your trading returns to the performance of your index fund.
4. Next, add up the total hours you spent trading. Place a dollar value on what that time is worth per hour (the money you could have earned at a job, a side hustle, etc.).
5. After you have done the math on both your returns and your time, only then should you decide whether trading is a pursuit truly worth your while.
The reason for using 30 or under is because TIME is your greatest asset when it comes to investing.
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Greg Rieben retweeted
Jun 12
Who cares where SpaceX trades today, a week from now or even a year from now. I'm pretty sure there's a very large investor base that will hold for years regardless of the volatility over the next few months.
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Greg Rieben retweeted
Jun 12
Talking about fundamentals and valuation might make you sound smart but at the end of the day it's about making money.
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Greg Rieben retweeted
Jun 12
$SPCX book color:
4x oversubscribed ($350bn demand vs $75bn IPO)
Retail allocated 20% (down from 25%)
Hedge funds allocated 20k-500k shares per
Robinhood put in for $7bn and got $1bn
One-third got allocated 0
Blackrock bought $5bn
Stock to open for trading 1:00pm ET
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Greg Rieben retweeted
Jun 12
SpaceX cafeteria workers right now
Jun 12
BREAKING: SpaceX's IPO is expected to mint thousand of new millionaires, including cafeteria workers, per Bloomberg.
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