Captain Sum Ting Wong

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Captain Sum Ting Wong

Captain Sum Ting Wong

@RFitz8990

Investor gathering the best information from the best sources. Infamous #29er. Downstream weirdo. Occasional (Regular) Shitposter.

Katılım Şubat 2022
712 Takip Edilen254 Takipçiler
Captain Sum Ting Wong retweetledi
mason
mason@onehandpolitics·
This country isn’t real man 😭
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Captain Sum Ting Wong
Captain Sum Ting Wong@RFitz8990·
@StopHavanaSynd @Greencandleit The level of stupidity and market immaturity across most bitcoiners is what causes hesitation to introduce it into serious portfolios, in any serious magnitude. When the price is set at the margin, and the marginal buyer/seller doesn’t even comprehend cash/cash equivalents…
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W. Bach
W. Bach@StopHavanaSynd·
@Greencandleit Buffett doesn’t hold Cash, he holds Bonds, which pay him interest. Plus he holds some Crown Jules (Cash Cows) which he would never sell. Once the market crashes, rates will come down. The Bonds go up. Buffett will make a ton of money, with which he‘ll buy stocks on the cheap.
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Green Candle
Green Candle@Greencandleit·
Warren Buffett sat on $300 billion in cash waiting for a crash. Michael Saylor went $40 billion into debt buying Bitcoin. One of them is up 700% in 4 years. The other is sitting on a pile of depreciating paper waiting for permission from a market that already left him behind.
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Captain Sum Ting Wong
Captain Sum Ting Wong@RFitz8990·
Imagine being here with the boys when they announced Osama Bin Ladin was killed.
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Captain Sum Ting Wong
Captain Sum Ting Wong@RFitz8990·
@MichaelPBento @FibonacciInves1 The 10 year treasury is literally the only financial instrument in the world with a true Fed put. There’s a higher chance of Trump becoming a tranny than the Fed allowing the 10 year yield past 6%, much less to over 8%.
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Fibonacci Investing⚡️
Fibonacci Investing⚡️@FibonacciInves1·
Scary times on the 10Y today. Still think its a fake out like we've seen in the past.
Fibonacci Investing⚡️ tweet media
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Captain Sum Ting Wong
Captain Sum Ting Wong@RFitz8990·
@JohnMeus @MitchellAskew And you're paying PMI bro? 98.25k/655k=15% Come on man. After realtor fees, not even accounting for "rent" paid to the govt and insurance companies, you'd be walking away with about half your down payment after 5 years. That's a -13% annualized return.
Captain Sum Ting Wong tweet media
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Captain Sum Ting Wong
Captain Sum Ting Wong@RFitz8990·
@JohnMeus @MitchellAskew When you factor your 8341/yr tax payment, 695/mo, that puts you at 3004/month, and at around 1500/yr you're only saving about $371/mo to live in a substantially worse house, before repairs. Factor in ~41K of realtor fees when you go to sell... Hope you're there for a while...
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Mitchell Askew
Mitchell Askew@MitchellAskew·
Is buying house a good investment? Not really Home Equity in the U.S. has underperformed every major asset class over the past sixty years 60-year CAGR: 📈 S&P: 7.2% 🪙 Gold: +7.0% 💵 M2: 6.8% 🏠Housing: +5.4% The fact that it has grown at a slower rate than the money supply tells us what anyone could logically deduce: The "real cost" of houses go DOWN over time + Technology improves and humans get better at building + Existing houses physically decay and lose value These numbers also look exclusively at the nominal value of home equity / final sales prices Additional costs on maintenance & interest will add up as well Watch as I break down the REAL COST of home ownership 👇 If you're sitting on a large chunk of home equity, your opportunity cost is quite high
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Captain Sum Ting Wong
Captain Sum Ting Wong@RFitz8990·
@JohnMeus @MitchellAskew I’m not sure why you think my conscious decision to create a Simpson themed profile pic is some sort of insult, but sure. I guess that comes with the territory of a room temp iq.
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JohnMeus
JohnMeus@JohnMeus·
@RFitz8990 @MitchellAskew Not nearly as dumb as continuing a convo with a self-proclaimed “shit posting” Simpson. Take care bud 👍. Why are you still been talking? Get a life you absolute noodle.
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John Green
John Green@greenja·
@amlivemon In the United States, the top 10% of earners (those with household incomes above $250,000) buy the most consumer goods by a significant margin. According to Moody's Analytics, this group accounted for nearly 50% of all consumer spending in 2025. 📷marketplace.org +3
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Live Monitor
Live Monitor@amlivemon·
4% of Americans make over $200,000 a year, 54% of Americans pay no state or federal taxes. Not the kind of figures you want to see.
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riskFULL ☣️
riskFULL ☣️@_riskFULL·
@Bprivateers69 Maleeekkkkk da freak, moisturized & unbothered waking up this morning to do his life's work controlling the tape
riskFULL ☣️ tweet media
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Barrett’s Privateers (chess maxi 280 elo)
I can get used to these morning check ins on $ABXX exchange. Step-change in connectivity + trading seemingly confirmed for gold. Would love to see the same for LNG in Q2. #29ers
Barrett’s Privateers (chess maxi 280 elo) tweet media
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Captain Sum Ting Wong
Captain Sum Ting Wong@RFitz8990·
@WouldEWood @JohnMeus Your primary residence is not an investment. The base case scenario for you, you happen to want to move when the market is hot (completely out of your control) and you move to an equally overvalued house, or you move to a shittier area. If you want RE exposure, buy a REIT.
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JohnMeus
JohnMeus@JohnMeus·
When people say "invest in the markets instead of buying real estate", I like to remind them they can't live inside the S&P 500. ETFs have very limited closet space. Kids can't play inside a bitcoin. And as an investment, real estate is 🤌
JohnMeus tweet media
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Captain Sum Ting Wong
Captain Sum Ting Wong@RFitz8990·
@WouldEWood @JohnMeus You did’t magically get richer overnight for living in the same rotting shitbox you did the night before. What happened to all of the houses rich people lived in prior? Why did they all of the sudden lower their standard of living to a middle class house? Illiquid mark to market
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Captain Sum Ting Wong
Captain Sum Ting Wong@RFitz8990·
@WouldEWood @JohnMeus Houses didn’t magically disappear when Covid capital flooded the market. You can’t have a 50% reduction in disposable income, and a 25% volume decline from baseline of a segment that makes up 15% of GDP, and expect no other economic consequences.
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Captain Sum Ting Wong
Captain Sum Ting Wong@RFitz8990·
@WouldEWood @davidgaw @jonbrooks The correction will be slow, with most done by inflation (read flat nominal prices, down real prices) because many people can afford their monthly payment and don’t need sell. But lack of mobility is also an economic drag, so this distortion isn’t healthy for anyone.
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Captain Sum Ting Wong
Captain Sum Ting Wong@RFitz8990·
@WouldEWood @davidgaw @jonbrooks When in reality, none of them are, and you’ve got an air gap between listing and clearing prices. And yes, some people will lose money. Most will just be round trip broke, unless they pulled out equity. People didn’t magically get rich overnight for living in the same shitbox.
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Jon Brooks
Jon Brooks@jonbrooks·
Everyone keeps saying America has a “housing shortage.” It doesn’t. Divide total homes by population and you get this: We’ve never had more housing per person than we do right now. The problem isn’t supply. It’s prices.
Jon Brooks tweet media
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