Foxy Michael

1.1K posts

Foxy Michael

Foxy Michael

@FoxyMonkey

Investor, blogger, software geek interested in LTD company investing & tax optimization. More on https://t.co/rgbNv3pgMo and https://t.co/YbMUPhnae0

London, England Beigetreten Aralık 2016
173 Folgt522 Follower
Finumus
Finumus@Finumus1·
Very pleased to have crossed this benchmark. Also very nervous.
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Mandrik
Mandrik@Mandrik·
I'm officially a Greek citizen! 🇬🇷🎇 Stacking sats & passports.
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Foxy Michael
Foxy Michael@FoxyMonkey·
@Tuuxxdotsol @MeteoraAG @met_lparmy True, but you just did that for xyz reason. Also how would you differentiate between a manually opened position with different range or bins? Would the bot only copy the exact identical ones? It gets messy
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Tuuxx
Tuuxx@Tuuxxdotsol·
Gm, I had to prematurely end my ongoing benchmark of @MeteoraAG copy-DLMMing solutions and am starting a new one as of today. Yesterday, I decided to change the settings on all three bots to revert to a 60 SOL cap per position. This was in response to my source wallet going back to opening only one position at a time, and I wanted to optimize capital allocation. I got a bit greedy and didn’t wait for the source wallet to close and reopen a new position. Instead, I manually copied its open position across my three wallets. Later during the night, the source wallet closed that position — at a loss. @SOL_Decoder (Valhalla) correctly closed the position automatically, resulting in a loss of nearly 7 SOL — as expected. However, @lpagent_io and @met_engine didn’t close the manually created position. As a result, they couldn't resume copying the source wallet’s new positions. Fortunately, by the time I checked this morning, the manually created position had moved back into profit — almost +5 SOL. This led to a significant P/L discrepancy of about 12 SOL between the Sol Decoder wallet and the LP Agent / Met Engine wallets. As a result, I’ve reset all three wallets to 61 SOL and relaunched the benchmark from today. Clearly, this issue wouldn’t have occurred if I hadn’t manually opened a position. However, I strongly recommend that LP Agent and Met Engine implement a parameter to override manual actions — for instance, auto-closing a manually created position when the source wallet closes its corresponding one. I got lucky this time, but had the token price kept dropping overnight, I could’ve woken up to a very painful loss.
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Foxy Michael
Foxy Michael@FoxyMonkey·
@Finumus1 It's a trap. Then you'll be FIRE again, bored and risk going back to work! 😅
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Finumus
Finumus@Finumus1·
@FoxyMonkey Txs. I am trying to really build out my "automate myself out of a job" stack.
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Finumus
Finumus@Finumus1·
The pasting between ssh/putty and ChatGPT is very inefficient. Can't I just attach ChatGPT to putty and let it figure the whole thing out as it goes?
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Foxy Michael
Foxy Michael@FoxyMonkey·
@Finumus1 @ii_couk I'm surprised they lasted that long based on my Kr1 experience. OK, it's aquis but still. Limit buys would never execute, even at bid, and market orders not available
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Finumus
Finumus@Finumus1·
Jarvis XO sold their customers to @ii_couk . Shame, they had their niche.
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Foxy Michael
Foxy Michael@FoxyMonkey·
@Finumus1 Yeah, tide also have an e-money license, not an actual bank.
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Finumus
Finumus@Finumus1·
@FoxyMonkey Txs. We actually have a (Transfer)Wise "account" as well - but I don't think they are an actual bank....
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Finumus
Finumus@Finumus1·
Recommendations for a new business bank account for our Family Investment Company? Pretty sure Santander (who we've been very happy with) are about to de-bank us. @FoxyMonkey
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Foxy Michael
Foxy Michael@FoxyMonkey·
@dopamine_uptake @HorizonEventual If the wind-down does not become a fire sale, there's plenty of buffer and money to be made. The most recent sales were close to NAV (one +5.5% premium, one -7.1%), LTV reasonable going from 30 to 24. But the market clearly hates API so there's that!
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d-spike capital
d-spike capital@dopamine_uptake·
@FoxyMonkey @HorizonEventual As for the managed wind down, I don't think the stated reasons for preferring the merger passed the smell test, certainly not at the price it was trading at.
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Horizontal Capital
Horizontal Capital@HorizonEventual·
@dopamine_uptake Better outcome than the offers being approved, but given the board were in favour, what chance they maximise value in a wind-down?
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Emily Nicolle
Emily Nicolle@emilyjnicolle·
- ETNs must be physically backed by Bitcoin or Ethereum, non-leveraged - Assets must be held in cold storage with a custodian in UK, EU, Jersey, Switzerland or US - Per the FCA’s 2021 ban, available to professional investors only - Apps accepted from Q2 docs.londonstockexchange.com/sites/default/…
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Emily Nicolle
Emily Nicolle@emilyjnicolle·
*LONDON STOCK EXCHANGE TO ACCEPT APPLICATIONS FOR BITCOIN, ETHEREUM ETN ADMISSION
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Foxy Michael
Foxy Michael@FoxyMonkey·
@Finumus1 What probability would you give to a Labour win without looking at Betfair? For a 90% actual chance, Kelly gives us 48.3% of Net Worth :)
GIF
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Finumus
Finumus@Finumus1·
By my calculations you make a tax-free annualised ~40% on a Labour majority. This is weighted by the odds of the timing of the election as well. Feels like Easy money?
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Foxy Michael
Foxy Michael@FoxyMonkey·
@ASinvestingUK @Finumus1 Actually yes you are right! Has it been always like that or something that changed recently? I seem to remember otherwise
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Finumus
Finumus@Finumus1·
Anyone doing a SSAS (small self administered schemes) pension with a family investment company? All the family members are directors, and members of the SSAS - can transfer in SIPPs. One big pension pot with allocated percentages. Any pros / cons? DMs open.
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Foxy Michael
Foxy Michael@FoxyMonkey·
@dopamine_uptake CREI up +10% following the news they won't go anywhere near API, anymore 😅
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d-spike capital
d-spike capital@dopamine_uptake·
SHED in with a "superior" offer which is now not given their own shares have been trashed this morning. FFS API board, your stated NAV is 83p, how about maximising shareholder value and selling to PE?
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Foxy Michael
Foxy Michael@FoxyMonkey·
@RobasMackay Bitcoin while keeping the ISA allowance is neat. But CGT on it is not! I wish we had BTC in ISAs.
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Rob Mackay
Rob Mackay@RobasMackay·
@FoxyMonkey The Bitcoin play here could be genius if the timing works out! Only real downside to ISAs if you are/will be wealthy is that they are inside your estate (wheras SIPPs aren't) thus incur IHT.
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Foxy Michael
Foxy Michael@FoxyMonkey·
Did you know you can build up an ISA allowance without keeping the money in it? Well, that’s Flexible ISA in a nutshell. It's a great tool for business owners and those on irregular income patterns. Offset mortgage is a perfect pair too.
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Foxy Michael
Foxy Michael@FoxyMonkey·
@TCleare @Finumus1 Yes, I've read that! There was an even catchier title on his ex-blog ;) I find this very valuable from a business owner perspective (preparing the ground for a sale, not getting into high-tax territory, etc).
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