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Jan 21 • 12 tweets • 4 min read
21 days into 2022:

Virgin Galactic ⬇️ 36%
GameStop ⬇️33%
Netflix ⬇️ 33%
Ethereum ⬇️27%
Tesla ⬇️ 20%
Nvidia ⬇️ 20%
Revlon ⬇️20%
AMD ⬇️19%
Starbucks ⬇️17%

Bitcoin ⬇️25%
Nasdaq ⬇️ 12%
S&P 500 ⬇️8%
stock market has peeps pushing 🅿️ain
you can’t buy the dip without any money
when there’s so much free money pumped into the system & your barber is posting easyequities screenshots showing massive profits - it’s easy to get caught up in the wave of believing stock only go up

… until they don’t
stages of stock market speculation

1. I’m a fucking OG, I’m beating the hedge funds… #BobbyAxelrod

2. It’s just a small dip bro, buy the dip #BTFD

3. Margin called but I won’t answer, we hodl deep #DiamondHands

4. The system is rigged!! #BlameTheSuits

5. I’m poor, pls help
when your barber starts telling you Bitcoin is going to the moon you’re worried about the wrong type of fade bro
one of my favourite threads - let me know if you would like a Spaces/ podcast with @_Bayes_Theorem on this
In the past year…

Peloton ⬇️82%
Zoom ⬇️ 60%
Bumble ⬇️56%
Docusign ⬇️53%
Netflix ⬇️31%

breaking news: “stay home” stocks go down when people stop staying home
soft reminder if you’re down 75% you need that stock/ crypto to rally 400% to get back to those levels

might want to check out Betway
guess I just got lucky, still don’t have much stock exposure… not buying yet though - we’re overdue for a good purge
I actually love the Twitter algorithm
couple more stock market hits & we’re about to see a new wave of motivational speakers

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More from @iamkoshiek

Don Petty Cash Profile picture
Jan 22
if you’re in a bad place right now with your stock/ crypto portfolio, here’s some help surviving [Thread]
1. Protect your mental health

Refreshing the screen every couple of seconds begging the price to go up is the equivalent of staring at engagement pics of your ex - it’s a bad place to be.

You don’t control the market, you only control your position.
2. Eliminate your leverage

Doubling down to breakeven ends with you sleeping under a bridge.

Worse, in periods of high volatility you’re more likely to be margin called/ wiped out before you get to recover

As far as possible, aim to own the underlying & not synthetics
Read 11 tweets
Don Petty Cash Profile picture
Jan 18
there's a decent chance you're being hammered on your retirement annuity/ pension fund with excess fees

R100k growing at 6% each year for 25 years = R430k
the same R100k after 2% in fees = R260k

40% evaporated... just like that
currently look at fund sheets across SA asset managers & fuck, there are some people in this country with blood on their hands - consistently underperforming the market yet charging astronomical fees
it's January, it's a great time to get on top of this stuff & find out

- where is your money actually invested (local vs offshore)
- how much is the effective annual cost (EAC)?
- how has your fund performed against the benchmark AND the market?
- what are the costs to withdraw?
Read 13 tweets
Don Petty Cash Profile picture
Jan 16
"you're unemployed, just start a business..."

without access to capital, a fall back plan, solid relationships, a deep bench of technical skills & a huge slice of luck - this is suicide
if you don't have at least 12-18 months of your existing salary as a war chest before launching a new business... it's a real hustle
IG posts with suits, jets, yachts & lambos dress up entrepreneurship as this incredible ticket to a life of luxury

in reality it's lonely, exhausting & a relentless grind where you earn less than you did as a salaried employee for a long, long time
Read 16 tweets
Don Petty Cash Profile picture
Jan 12
If you're planning to improve your personal finance game this year, here's a couple of useful hacks [Thread]
1. Focus on making more money

Chances are you're severely underpaid. Sure, you can cut your coffee for 387 years to afford new tyres or you can develop skills, experience & relationships that add an extra zero to your salary.
Resources: here's practical, real world ways to making more money - this is power
Read 17 tweets
Don Petty Cash Profile picture
Jan 10
if you’re new to investing/ trading & feel the like the world is collapsing is around you right now - it’s okay & perfectly normal

where there’s chaos, there’s opportunity
bro after taking heavy hits on your portfolio it’s easy to go from “this is my investment thesis” to straight up motivational speaker

that’s a dark space to be
if you’re clicking refresh every 30 seconds on the screen & begging prices to go up just a little bit, psychologically that’s a suffocating space to be

close that trading app or sell - don’t torture yourself
Read 12 tweets
Don Petty Cash Profile picture
Dec 31, 2021
Here are 20 of my best threads from 2021 covering the best money hacks, stock market strategies, finance explainers & blueprints to becoming richer [Thread]
1. personal finance - here's the house buying thread which continues to save countless people hundreds of thousands on their dream home
2. personal finance - to rent or to buy? a question most of us are faced with at some point, this thread breaks down the pros/ cons & opportunity cost of each decision
Read 25 tweets

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