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Don Petty Cash Profile picture
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1 Oct, 4 tweets, 1 min read
ok boomer
It's incredible how the anti-crypto argument revolves around "intrinsic value" when we live in an era where stock market valuations are completely disconnected to fundamentals & the real economy.

A lack of understanding crypto doesn't make it lack value.
"crypto has elements of a Ponzi scheme"... if you want to talk pyramid schemes, look no further than the economy as we know it
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More from @iamkoshiek

Don Petty Cash Profile picture
2 Oct
Keen to start trading & investing? Here’s 10 useful hacks [Thread]
1. Portfolio allocation often outweighs security selection

Simplified: focus on choosing the right neighbourhood instead of the best house

Choosing the right mix of stocks, bonds, crypto, property, cash is more more important than obsessing over stock picking
There’s a famous piece of research (BHB study) that sparked endless debate showing 93.6% of portfolio returns are down to the right mix of WHERE you invest instead of WHAT you invest in.

For instance if you missed the crypto or US tech wave, your returns look very different
Read 22 tweets
Don Petty Cash Profile picture
29 Sep
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
t.me/BankerX
Read 5 tweets
Don Petty Cash Profile picture
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
Don Petty Cash Profile picture
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
Don Petty Cash Profile picture
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
Don Petty Cash Profile picture
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

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