Evergrande, debt ceiling convos, higher inflation, rising bond yields, Chinese regulation & an oil price rally, a weaker ZAR & upcoming SA elections

Stocks always go up, until it doesn't!

Personally I'm overweight cash right now, waiting for a few strong opportunities to emerge
Still haven't been able to shake off the Evergrande issue, posted in the Telegram about exiting my SA property positions after that massive Hyprop rally
Having diamond hands is great! 👐🏼💎

Also great is taking some money off the table, ESPECIALLY if you're up 50-100%+ on some stocks.

The pain of regret is often worse than the upside of greed
Best advice I ever received from @_Bayes_Theorem was to take money off the table regularly & religiously follow target prices.

It's boring, unsexy & very grown up advice but it will give you longevity in this game.

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More from @iamkoshiek

26 Sep
Less than 3 months to Christmas & it's been a fucking hard year financially. Here's 5 hacks to beat Janu-worry...
1. Set price alerts for all your big ticket purchases

Electronics, flights & that gym equipment you will never use can be price tracked. Set up the alerts & avoid getting squeezed on December 23rd. ImageImage
2. Have a Black Friday Game Plan

It's not uncommon for stores to hike prices and then discount them to make it appear like it's a steep discount.

In SA our Black Friday sales are pretty poor. A targeted list makes it easier to figure out whether a deal is good. Stay sceptical.
Read 8 tweets
10 Sep
that first salary has the potential to make/ break you financially - for many people it decides their first car, apartment, amount to save/ invest & overall quality of life
if you look at entry level vehicle prices, cost to rent apartments in big cities & general living expenses - there's not much variance across base costs

It all starts to hinge on the size of that first pay cheque
The worst part of jobs with a sharp earnings trajectory (where you start low & get bumped up) is the interest cost on debt usually outstrips salary increases

So if you're doing articles & take on tons of debt, it can take forever to get out of the hole
Read 8 tweets
10 Sep
Currently testing a couple of cannabis opportunities, hit me up if you want to try some product. Here's the link for early access Altvest opportunity drops: bit.ly/altvest
my boy @Sibusiso gave up IB to focus on the weed business, he will be helping us assess quality opps

give him a shout for any industry specific/ market research info you need
2001: "well, my portfolio has a few internet companies"
2021: "I'm invested in crypto, cannabis & penguin NFTs"

what a fucking time to be alive 🔥🔥🔥
Read 4 tweets
8 Sep
Kylie Jenner's IG pregnancy announcement clocks 69.4m views in 11hrs

For context, PSG Messi+ Man Utd CR7 official IG announcement video view counts combined? 31.9m
FIFA22 about to put Kylie Jenner in the Ultimate Team
just remembered, there's a Kylie thread... of course there's a thread
Read 5 tweets
7 Sep
how does he do it?
this man's tweets have preceded a price drop 8 out of 8 times perfectly

that's better hit rate than Mia Khalifa, Meek Mill & Soulja Boy
you vs. the guy she told you not to worry about
Read 7 tweets
18 Aug
If you're struggling to understand how you own a car/ house/ excavator even though you borrowed money from the bank to pay for it, here's a 2min explainer without any accounting jargon...
There's two sides to every purchase you make.

1. How you get the money (sources)
2. How you spend the money (uses)

Sources: salary, side hustle, bank loan, drug trafficking, OnlyFans

Uses: houses, cars, excavators, Birkins, garden chair for Midrand apartment
Once you source the money, the money is yours to use. Whatever you buy with the money, you own.

If you borrow 100k & buy Louis Vuitton, it's still your handbag.

If you use your own money to buy a house using cash, you own the money (source) and you own the house (use).
Read 10 tweets

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