Captain Sum Ting Wong retweetledi
Captain Sum Ting Wong
6.6K posts

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

@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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@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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This is actually pretty fucking sweet
Polymarket@Polymarket
We're excited to announce 'The Situation Room' by Polymarket is coming to Washington, D.C. The world's first bar dedicated to monitoring the situation. 🧵
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@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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@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.

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@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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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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@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 @MitchellAskew Objective facts aren’t shit posting pumpkin.
You’ll know when I’m shit posting. Be careful what you wish for.
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@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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@greenja @amlivemon So I see you’re in support of the fair tax, sales tax based system.
I too, have common sense myself.
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@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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@Bprivateers69 Maleeekkkkk da freak, moisturized & unbothered waking up this morning to do his life's work controlling the tape

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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

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@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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@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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@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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@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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@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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