Study, lessons in there / *NOT INVESTMENT ADVICE* Grass toucher, Hedgoooor Unbothered, objective There is no need to be upset. Very serious account
The Gully
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pretty weak bounce here
increasingly clear Trump's only true reaction function is markets nuking
Q1 2025 -> tariffs -> nuke and reverse (90 day pause), lock out rally
Q1 2026 -> war -> nuke and reverse (ceasefire), lock out rally
now -> ?
Getting pretty tired of the “TACO” meta
-at any given moment there can be a headline that changes the market regime
-there’s a 60% chance it gets denied within an hour just to cause more pain
-200 fake versions back and forth
-market moving->“insiders know something”
End the war
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Getting pretty tired of the “TACO” meta
-at any given moment there can be a headline that changes the market regime
-there’s a 60% chance it gets denied within an hour just to cause more pain
-200 fake versions back and forth
-market moving->“insiders know something”
End the war
This has to be the most insane 24 hours in news
-they made gold with alchemy
-entire internet hackable
-Railway vulnerability
-4 more tankers hit
Another day in Nasdaqistan
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Once you sustain $3-5m net worth, you are successful. You have what you used to think was F-you money, but nowhere near F-everyone money. The gap between those two is the whole game and you're going to need to make good, compounding decisions to bridge it. Here’s what actually changes at this tier, and how to get to $10m 👇
-Successful, but not retirement money. A 3% draw on $4m is $120k/yr pre-tax. Comfortable in Ohio, tight in Manhattan. You can quit a bad job. You probably can’t quit working especially if you want kids in private schools.
-Your income is still your biggest asset. A $300k salary is a $10m portfolio at a 3% draw. Don’t sell it cheap just because you "hit your number" you picked back when things cost half as much as they do now. The world changes fast.
-At this level you can afford optionality: risk capacity exists, but stay careful. Focus on things where you can capture upside (and not that 10 leg parlay). A side hustle you own and/or angel checks of $10-25k, not $250k. A zero should sting, not reset you.
-Don’t borrow against it. Margin is how $4m becomes $1.5m in a bad quarter. The only good debt at this tier is the 3% mortgage you locked in 2021. At 7+% it's an anchor. Rent > own here.
-Fire your advisor. 1% AUM on $4m is $40k/yr, ~52 shares of $SPY every year for a portfolio you could hold yourself. Paying this much for a babysitter with no alpha is not worth it.
-Avoid the $4m trap: you feel rich, spend rich, and stay at $4m forever. Lifestyle creep kills more 7figs than bear markets. Make coffee at home. Home cooked meals. Use your credit card points for cashback to add to your portfolio and fly coach instead.
-Structures: max everything boring. 401k, backdoor Roth, HSA, mega backdoor if your plan allows, QSBS if you’re early somewhere. Will + revocable trust. That’s the whole estate plan.
-Claude Max is 0.06% of your net worth. Still a rounding error. Still no excuse.
How to get to the next tier: 👇
Once you sustain $5-10m net worth, you've made it. Almost. Rich enough to be comfortable, poor enough for one bad bet to send you back. Here's what actually changes at this tier, and how to get to $25m 👇
-Self-funding, barely. A 3% draw on $7.5m is $225k/yr pre-tax, ~$150k after. You can quit but probably shouldn't. Earned income is still the cheapest capital you'll ever get plus it’s more reliable.
-Risk capacity is real but finite. A venture bet going to zero is a bad year. Size so the worst case costs you a year or two, not a tier demotion.
-Borrow, carefully. SBLOCs work here, just at worse spreads than the private bank crowd gets. Keep LTV under 20% so a drawdown doesn’t become a margin call.
-Skip the fancy structures. Estate exemption is $15m per person. You don't have an estate tax problem, you have an income tax problem. QSBS, solo 401k, tax-loss harvesting, no state tax residency or Puerto Rico if extreme/mobile. Boring, cheap, compounding.
-Claude Max is 0.03% of your net worth. Fading the singularity at this tier is a choice.
How to get to the next tier: 👇
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Once you sustain $3-5m net worth, you are successful. You have what you used to think was F-you money, but nowhere near F-everyone money. The gap between those two is the whole game and you're going to need to make good, compounding decisions to bridge it. Here’s what actually changes at this tier, and how to get to $10m 👇
-Successful, but not retirement money. A 3% draw on $4m is $120k/yr pre-tax. Comfortable in Ohio, tight in Manhattan. You can quit a bad job. You probably can’t quit working especially if you want kids in private schools.
-Your income is still your biggest asset. A $300k salary is a $10m portfolio at a 3% draw. Don’t sell it cheap just because you "hit your number" you picked back when things cost half as much as they do now. The world changes fast.
-At this level you can afford optionality: risk capacity exists, but stay careful. Focus on things where you can capture upside (and not that 10 leg parlay). A side hustle you own and/or angel checks of $10-25k, not $250k. A zero should sting, not reset you.
-Don’t borrow against it. Margin is how $4m becomes $1.5m in a bad quarter. The only good debt at this tier is the 3% mortgage you locked in 2021. At 7+% it's an anchor. Rent > own here.
-Fire your advisor. 1% AUM on $4m is $40k/yr, ~52 shares of $SPY every year for a portfolio you could hold yourself. Paying this much for a babysitter with no alpha is not worth it.
-Avoid the $4m trap: you feel rich, spend rich, and stay at $4m forever. Lifestyle creep kills more 7figs than bear markets. Make coffee at home. Home cooked meals. Use your credit card points for cashback to add to your portfolio and fly coach instead.
-Structures: max everything boring. 401k, backdoor Roth, HSA, mega backdoor if your plan allows, QSBS if you’re early somewhere. Will + revocable trust. That’s the whole estate plan.
-Claude Max is 0.06% of your net worth. Still a rounding error. Still no excuse.
How to get to the next tier: 👇
Once you sustain $5-10m net worth, you've made it. Almost. Rich enough to be comfortable, poor enough for one bad bet to send you back. Here's what actually changes at this tier, and how to get to $25m 👇
-Self-funding, barely. A 3% draw on $7.5m is $225k/yr pre-tax, ~$150k after. You can quit but probably shouldn't. Earned income is still the cheapest capital you'll ever get plus it’s more reliable.
-Risk capacity is real but finite. A venture bet going to zero is a bad year. Size so the worst case costs you a year or two, not a tier demotion.
-Borrow, carefully. SBLOCs work here, just at worse spreads than the private bank crowd gets. Keep LTV under 20% so a drawdown doesn’t become a margin call.
-Skip the fancy structures. Estate exemption is $15m per person. You don't have an estate tax problem, you have an income tax problem. QSBS, solo 401k, tax-loss harvesting, no state tax residency or Puerto Rico if extreme/mobile. Boring, cheap, compounding.
-Claude Max is 0.03% of your net worth. Fading the singularity at this tier is a choice.
How to get to the next tier: 👇
67
49
1,009
149,369
-Index funds at an optimistic 10% take ~10 years to turn $4m into $10m. Add $200k/yr of savings and it’s ~7. At this tier, savings rate still moves the needle. At $25m it won’t unless income is higher.
-Swing with your career, not your capital. Join something early, take real equity, or get promoted.
-Keep 12 months of spend in T-bills. Your paycheck is the rest of the buffer.
Ancillary:
-Avoid 5 star name brand hotels. Find value and deals when you travel.
-Drive a modest car. You only need it to get from A to B.
-Elite bedding still yes. Best ROI in this entire thread. Private chef lol.
-Care less, barely. Someone in the replies calls you mid. At $4m you quote tweet them. Don’t.
-Kids? Daycare and grandparents. The nanny is a next-tier line item.
Follow, like, RT, and comment if you’re stuck in low 7fig purgatory and want to graduate to Hell.
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I tried to put the whole “traders are the new celebrities” thing to the test. Had a casual $300 tab and instead of a tip I just signed it “EvanSS6” giving her my autograph which is obviously worth more than the $75 tip
Now the manager is asking me to leave
Still early
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Evanss6 retweeted
We’re excited to share the recording of our Q3 Investor Update call.
Thank you to everyone who joined, we’re building Lighter with you, and for you. On to Q4 🕯️
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Evanss6 retweeted
I think it's occasionally helpful to remember that drawing down is perfectly legal. You're allowed to have a position go red or give back some gains. The SEC will not come knocking and you won't go to jail.
Unless you're committing $CRIME
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Evanss6 retweeted
Surprised to see that people still debate what's a "better" investment between $LIT and $HYPE
$HYPE is 20x the size and $LIT is double the volatility (60v vs 120v currently).
It's kinda like debating if betting on a number is a better bet than betting on a colour in roulette. You want to win a lot or win often? Similar dynamic to $BTC vs $ZEC.
It's way easier for $LIT to double from here, but you also just saw it halve. Doesn't really matter if $LIT outperforms from here if you get shaken out or liquidated on the way there.
I think risk adjusted they're both still compelling investments, and they both actually have pretty differentiated bull cases and target TAM. They can both win.
People force this narrative that you need to pick one or pair trade them, but in reality, I think owning both is very obviously the way to go.
Perps as a sector is such an obvious winner that I'd rather express my edge via timing and sizing than potentially whiff on a generational trade because I put all my eggs in the wrong basket.
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Evanss6 retweeted
we've spent months with the cftc going through every core principle needed for our filing. our plan is to file next month, then the cftc will have up to 180 days to review.
a clip of @vnovakovski on our 3Q investor update call
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Evanss6 retweeted
many of you have asked about unlocks
here is @vnovakovski discussing this on our 3Q investor update call
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Lighter ethereum:0x232ce3bd40fcd6f80f3d55a522d03f25df784ee2 is showing local strength for the first time in a month or two which represents a change in character, and has flipped the 21ema for the first time since the downtrend started (pending daily close, of course).
The investor update call today addressed all of the most important things in the near future: integrations, CFTC licensing process, and the elephant in the room: unlocks starting in late December
The narrative has been they "lost the Robinhood partnership". This couldn't be further from accurate but still crushed momentum and was the last straw leading the final leg down of a ~50% drawdown peak to trough.
The team continues to ship with binary options and full options rollout on the horizon in addition to the more important CFTC/regulatory side.
@TrustlessState's question from the Q&A: "Given all the pre-engagement effort, do you expect the license to come earlier than the 180-day time window that the CFTC says?"
@vnovakovski: "we think a lot of the [pre-engagement] will make the process a lot smoother... CFTC has a lot of things on their plate so dont have exact timeline... but it's a fast moving team over there so we expect the process to be smooth"
gLIT 🕯️
[ ZOOMER ]
LIGHTER TO APPLY FOR A US LICENSE NEXT MONTH, SAY THEY WILL INTEGRATE INTO ROBINHOOD'S US OFFERING ONCE APPROVED: INVESTOR CALL
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