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찌 G 跻 じ MBA, CFA, FRM, CFP, NGMI, HFSP, HENTAI 🛡️ Profile picture
@DegenSpartan
Oct 27, 2021 • 21 tweets • 6 min read • Read on X
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one thing you gotta admit

dem @etherscan bros are fast as feck arent dey

heist lol
@etherscan are they hoping for paraswap airdrop
@etherscan looks like they thinking holding renBTC is safer than WBTC
@etherscan i wonder if they are dumping the ERC20s in any particular order

starting with the stuff that they think the get rekt the fastest?
@etherscan if you wanted to buy any of the tokens affected, maybe wait for them to dump it first, then buy it after that

wow im so smart
@etherscan as someone commentating on their actions, im sure that disqualifies me as a potential suspect

also keklmao
@etherscan looks like someone got creampied without consent
looks like he's doing his test exit transaction with... $1.1m of BTC lol
excellent choice

i was wondering what was taking you so long
slightly odd that for nonce 40 he suddenly switched back to legacy and is now stuck lol
we maybe gonna have to wait for like 15-30 mins for his next action lol
the next nonce is approving AAVE, not hard to imagine why
still slightly baffling why he suddenly switched tx type from 1559 to legacy

is there any good reason to send legacy if you can do 1559?
as expected, they dumped AAVE for ETH on paraswap

now they are back to using 1559 txs
wtf they switched back to legacy tx again

and provided CRETH2 liquidity on uniswap v3 lmeow
tbh i think these guys know what they are doing
if you wanna see their uni v3 LP NFT lol

opensea.io/assets/0xc3644…
maybe one yall should make an offer for it

who knows, they might accept it? would be a nice payday ahaha
dumped PERP for ETH through paraswap - i guess they just gonna use paraswap for the rest as well

its so weird that the approval is in legacy, and the swap is in 1559

really seems like its 2 people
welcome to the begging olympics aka etherscan comments tab
i think everything else will be rather uneventful

probably just approving tokens to dump on paraswap to ETH

will be interesting to see what he does with the ETH eventually

thats all folks

i hope none of yall got creampied too badly today

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More from @DegenSpartan

찌 G 跻 じ MBA, CFA, FRM, CFP, NGMI, HFSP, HENTAI 🛡️ Profile picture
Oct 23, 2023
if youre truly rich, you can do whatever you want, even if its expensive

for many people, saving a couple hundred thousand every year for a couple years in their early adulthood is worth a lot (time value of money) and buys them plenty of time with family / friends in the future
someone asked me about relocating for tax minimization and the above was my answer

with each higher tier of tax savings, there is also an associated "costs"

some are "low-cost" to do, like just investing from a retirement account instead of a tax-liable cash brokerage account
others are the whole 9 yards, offshoring et al

mind you, plenty of people relocate overseas for some very normal regular job without boosted salaries or massive tax savings

ultimately comes down to finding a balance you can accept between new experiences + money vs intangibles
Read 7 tweets
찌 G 跻 じ MBA, CFA, FRM, CFP, NGMI, HFSP, HENTAI 🛡️ Profile picture
Oct 13, 2023
altered the based infographic to remove the $10k tier

you'd notice 2 main things:

#1 - primary residence + real estate as a % of wealth decreases over time

#2 - financial assets (in blue) increase over time

bonus notes: rich people do not depend on retirement schemes
Image
let's talk house

primary residence peaks at ~45% for people with 100k networth and continually dives down as people get richer, why?

the ceiling for primary residences essentially caps out worldwide at ~$50M

yeah, there's some crazy exepensive houses, but those are outliers
my personal opinion is that one's budget to real estate (primary residence + holiday homes) should never exceed 30% of one's networth

and it should be viewed as normal that the % drops as one's NW increases as the 30% is a category cap, not a target

homes do not generate wealth
Read 10 tweets
찌 G 跻 じ MBA, CFA, FRM, CFP, NGMI, HFSP, HENTAI 🛡️ Profile picture
May 2, 2023
my answer: if not for own use and just a pure return play, it is not apparent to me RE has better returns

even if negating RE downside of leverage, illiquidity, etc

the increase in mental overhead is also a QoL drain

yes, you can outsource it

but who will manage the managers
i think its fairly easy to backtest this

find a property 5-10 years ago in your city of choice and simulate buying it and renting it out, dont forget financing cost and taxes

compare that to SPY, and remember, you do nothing for your SPY returns, returns just drops from the sky
regarding EMs

i think there's a systemic reason why they will perpetually underperform

the only positive outcome i can imagine is the domestic population getting richer and expressing home country bias and bidding up their own ponzis, more so than americans can do for theirs
Read 4 tweets
찌 G 跻 じ MBA, CFA, FRM, CFP, NGMI, HFSP, HENTAI 🛡️ Profile picture
May 2, 2023
watched a youtube video yesterday in which a guy rated investors based on

1. returns, of course
and 2. scalability of strategy

as i make more money, i start to realize the 2nd part is pretty important
ive simplified things on the tardfi side of things that i only employ 2 simple strategies, each with infinite scalability:
- S&P500 ETFs (for risk on)
- t-bills (for risk off)
on the crypto side, the closet equivalents in terms of scalability are BTC and ETH for risk on

for risk off, its not apparent to me that the risk premia of stables is worth the multi layered 3rd party risks and i think its not a loss to collapse it backwards to tardfi as t-bills
Read 5 tweets
찌 G 跻 じ MBA, CFA, FRM, CFP, NGMI, HFSP, HENTAI 🛡️ Profile picture
Apr 28, 2023
i hate the concept of passive investing, especially passive income

nothing about investing is passive

even choosing which passive index to follow and how much to allocate, is still an active choice

"passive" just simplifies and compresses the operational processes at the tip
however, this does not mean that indexing is bad; i think it's superior

for normal people with access to normal products and cant suck the dick of some star fund manager for allocation: index

the active outperformance (if there even is any) is almost never justified by the fees
you dont actually NEED to be invested in an exclusive accredited investor only hedge fund so that you can have non-beta no drawdowns uponly portfolio returns

you could just simply accept that volatility is normal and be okay with it
Read 4 tweets
찌 G 跻 じ MBA, CFA, FRM, CFP, NGMI, HFSP, HENTAI 🛡️ Profile picture
Apr 28, 2023
no physical metals

- as someone holding physical metals

a small regret in life: i should've bought more digital gold instead of analogue bitcoin

GLD works fine, but one could also buy unallocated PM with reputable banks with built in ongoing custody fee and optional delivery
imo (could be wrong) the self custody aspect of PMs is hugely overrated

the odds that the world collapses and reverts to a barter system based on precious metals is insanely retarded and thats just doomer prepper hardcore fantasy porn

it is decent for money laundering i suppose
how unallocated precious metals work is that you just buy fractional amounts eg. 10g or 1/4 an oz

like securities, you get brokerage + custody (not complicated)

after accumulating above certain values, you *could* convert it to have claim to actual pieces, and pay for delivery
Read 5 tweets

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