@KrisPatel99 Even decent Midwest cities like Lansing have realllllly affordable homes. Fixer uppers for 50k. Move in ready for 100-140k
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Dean Pierce
161 posts
@SamMeciar Welcome back! Missed yuh. Glad to see you’re doing better.
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Better late than never... posting Portfolio update - December 2024
Since I took a larger break from investing and its respective communities in general, I didn't post my usual monthly portfolio update as usual early January, but instead I do now that I'm back.
I gave up some of the gains made in November, but still held up very well vs. major indices.
As an example, here's how I closed CY2024 vs. benchmarks:
Sam: +42,93%
$QQQ: +25,58%
$SPY: +24,89%
So obviously needless to say, I'm very satisfied with my performance and wish to continue on this note in 2025!
I'm getting back on track with what's going on in the world of investing after a couple of weeks now, and I expect to start adding to my portfolio again very soon, likely in the coming days. I need to evaluate opportunities on the market with respect to the overall economic environment and microenvironment of these companies and will adjust my strategy accordingly.
On personal note: This break was very much needed for me, I went through some heavy ups and downs mentally speaking, needed a lot of me time as well as time travelling, but also events with my friends to feel loved. I just had to find my peace again. Start of the year was very tough, I went through some heavy shit, but now I'm doing better, I learned to appreciate the magic of living in the present. And while I definitely still have ambitious plans for my future, I refuse to only live for the tomorrow - because tomorrow might not come, but also because it's not healthy, and when you aren't mentally okay and at peace with yourself, you can have everything materially speaking but you still feel like shit.
So for my future me: Enjoy the present, plan for the future, love and improve, but first and foremost, appreciate your loved ones around you that support and love you no matter what ❤️
I wish you all a successful start to the year!
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$HOOD Robinhood gold card acquired! Definitely worth the wait.
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BREAKING: Elon Musk's estimated net worth has just hit an all-time high of $442 billion, making him the first person in history to surpass the $400 billion mark.
Elon has founded or co-founded seven multi-billion-dollar companies and currently is the CEO of six. These companies have created hundreds of thousands of jobs.
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Hoping to milk this Cash Secured Put on $CELH for a 70% profit before I close it out.
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Everyone always asks “how’s your money?”
It’s never “how’s MattMoney?” 🥲
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@FunOfInvesting Not a ton of open interest on the 23s and stock is so volatile right now. I’m playin more defensive with 25 or 26
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$HOOD My Robinhood base case prediction of $26 by EoY '24 has been reached.
I took some gains again today in my LEAPS, but I honestly think this has a long ways to run.
Crossroads@Dr_Crossroads
$HOOD Hear me out. If the bull market continues through '24, and the crypto bull cycle continues, and nothing breaks in the economy, a 2x might be a base case for Robinhood. From here. After this recent runup. I'm expecting more than that. Why? 👇🏽 HOW $HOOD MADE MONEY IN THE PAST: In 20-21, they printed money from crypto and stocks. In 22-23, they printed money from cash sweeps and (just ramping up), credit. IN 2023 THEY REDUCED: - Operating expenses. - SBC reduced. - The share count (864m shares now vs 892m at start of year due to FTX-related buyback). RECENTLY THEY HAVE ADDED/ROLLED OUT: - X1 credit card ($95m acquisition in June). - UK invest platform. - EU crypto. - Snacks sponsorship (and Chartr acquisition). THE GOLDEN CONFLIENCE OF $HOOD In 2024, for the first time, these will be firing on all cylinders: - Cash sweeps. - Interest from cash holdings. - Crypto. - Options trading (and equities, etc). - Credit (X1 credit card, margin). Monthly active users in the USA will increase, even as assets under custody continue to climb. More MAU will come from the UK and EU crypto trading, they have over $7b real book value (no goodwill shenanigans here) which is mostly cash and equivalents. This is a debt-free company that is hitting GAAP profitability with Q4 earnings (barring CAC being insanely high), and all year 2024. Everything is lining up $GOOD for $HOOD in 2024.
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@vladtenev @RobinhoodApp I don’t think enough people realize how impactful robinhood is towards millennials and future generations, having a chance at building long-term wealth.
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It’s a new dawn indeed. We just launched a whole new visual identity that represents @robinhoodapp’s evolution from a scrappy startup democratizing finance for all, to the financial platform of the future. (1/4)
Robinhood@RobinhoodApp
GM, it’s a new dawn at Robinhood. Say it back. (and there might be new swag in the replies) rbnhd.co/new-visual-ide…
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@RobinhoodApp Good morning! Very exited. Happy Thursday everyone.
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GM, it’s a new dawn at Robinhood. Say it back.
(and there might be new swag in the replies)
rbnhd.co/new-visual-ide…
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@DataDInvesting Yes, and I was happy to move to SoFi once the gap narrowed between the two.
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@PierceDean88 $HOOD was already at 5% when $SoFi was at 4.6%.
Now it is 4.5% and 4.3%. That is a smaller difference than it was before.
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$SOFI is dropping their Savings APY from 4.5% to 4.3% starting tomorrow. When the Fed cut 50 bps, I expected that this would occur, although I thought it would have happened a few weeks ago.
Best in class right now is around 4.5%, which is what $HOOD and Wealthfront offer.
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@DataDInvesting A few more basis points, and I move all my money from SoFi savings to robinhood (4.5%). I’d assume more will follow. Unfortunate.
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@GarciaCap @KrisPatel99 It’s only because he didn’t have his lucky hat on.
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If @KrisPatel99 is still coming out with bear takes on Palantir, then it’s only fair to revisit the day he sold his entire $pltr position…
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