investing stock

“After twenty years of marriage, I caught my husband cheating and had to leave him. But honestly, I wish I’d gotten my divorce much sooner. For so long I’d been denying my right to be an individual. The family had become so much more important than my dreams. I had small joys back then: getting a brand new car, having our 20th anniversary, when my son got into college. But now the intensity is so much greater. I’m doing all the things I love to do. I studied nutrition and got a job at the hospital. I buy whatever I want. I watch cartoons. I never miss a Shrek movie. I go to the orchestra at least once a month. And right now I’m coming back from a class on finance. I’m going to invest in the stock market and get a house by the beach.”

(São Paulo, Brazil)

2

An Amazon engineer gave random people on Twitch $50K to invest — and this is what happened

  • A long-standing rule for preserving one’s sanity on the internet is to never, ever read the comments section.
  • Amazon engineer Mike Roberts had a different idea: What if he let the comments section pick his investment portfolio?
  • After six months of tinkering, he has now released his invention: Stock Stream, which Roberts is billing as “the world’s first multiplayer stock market game that uses real money.”
  • As of last week, anyone with an account on the game-streaming site Twitch could log-in and help allocate $50,000 of Roberts’ money by typing stock symbols into the Stock Stream’s comment section.
  • Roberts says he got the idea from watching Twitch users collaborate on games like Pokemon.
  • As more and more Twitch-ers started using the platform to crowdsource ideas, Roberts got the idea to see how that crowdsourcing might be used for more practical activities, like choosing what stocks to invest in. Read more (6/5/17)
follow @the-future-now

04.17.17 Net Worth: -$38,203

I bought my first stock today.

I bought 25 shares of Rexahn Pharmaceuticals Inc (RNN) at $.407 a share.

I bought 5 shares of Apricus Biosciences Inc (APRI) at $1.54 a share.

I know it’s small, but it’s my start and I’m not much of a gambler… yet. I intend on buying and selling often for a profit until I feel confident enough to invest in bigger stocks with high yield dividends.

First day jitters.

let's talk beautiful lyrics by yoongi

“amidst double standards and opposition everywhere I crushed the limits within myself” (we are bulletproof pt. 2)

“my hobby is proving you wrong” (we on)

“if i ruled the world why would i dream small, of gambling and investing in stocks? i would still be making music with my bangtan fam” (if i ruled the world)

“same day, same moon” (tomorrow)

“the studio is my playground, and the pen and paper are my partners” (triptych)

“a sweet wind named you is blowing in my heart” (miss right)

“others are running forward, yet why am i still here?” (intro: hyyh)

“take a breath, or breathe a dream” (intro: hyyh)

“this moment will never come again, it will never find me again, so i ask myself am i happy? yes, the answer is already there, i am happy.” (intro: hyyh)

“before the day of my birth inside of my mother’s womb, i counted the days till my first move. the cost of the move was a machine on her heart and a scar.” (move….. /fuh my heart)

“on the stage i desired so much, when i sing and dance, i feel that i am yet alive. i can withstand a long commute and the aching of my body because my people are watching me. i endure the exhaustion because the cheers come rolling in.” (born singer)

“i don’t give a shit, i don’t give a fuck” (intro: nvm)

“i have become the pride of my family, and have even succeeded to an extent.” (intro: nvm)

“though i taste failure and disappointment and bow my head, we’re still young and immature don’t even sweat it” (intro: nvm)

“if you can’t go back, run forward…
if you feel you’ll crash, accelerate all the more” (intro: nvm)

“you’re a butterfly effect, shining in pitch darkness. with your light touches i forget reality altogether” (butterfly)

“the words so carelessly thrown at me: even my loneliness looks like pretend to you.” (whalien 52)

“have i engraved my existence into you like rain? or have i come and gone like short showers?” (rain)

“the saying must be true that love blooms like cherry blossoms and then burns to ashes” (let me know)

“hip hop found me like a young child finds his mother” (hip hop lover)

“everyone asks me, what is hip hop, and i say proudly that it is my everything. as a result i have buried my entire existence under music. if loving this culture is a sin i’ll die a hundred times
over.” (hip hop lover)

“dream. hope. forward. forward” (epilogue: young forever)

10 Reasons Why I Think I Made My Worst Investments Ever

I’ve been thinking about my investment style and how it’s changed over the years.

My first few years were pretty rough. I dove right in. I put some money in a brokerage account and just started. I was buying and selling with really no real idea. It was pretty reckless. But everyone starts somewhere.

The other day I started my taxes. That had me looking back at some old trades. Some of them are just awful. But hilarious. I had to include two examples in this post (see them below). I hope by writing this all down I’ll avoid making these mistakes in the future:

1. The P/E ratio is the absolute worst metric ever. It needs to be burned off the front page of every finance website. It is a backward looking metric. The stock market is forward looking. WTF. Avoid this. If a company has a really low P/E ratio, it generally has one for a reason.

2. Stay away from any and all foreign exchange risk. If you buy stock in an ADR or a company based in a country outside the US, and that country’s currency takes a hit, your portfolio is going to feel it. Managing investments is hard enough, you should not have to also worry about currency fluctuations.

3. Picking bottoms and calling tops is Russian roulette. A stock that’s down 50% from its highs can still drop another 50% from there. A stock that’s up 100% over a year can still climb another 100% in the next year.

Here’s one trade where I tried to be the man and short NVIDIA after a massive run

And here’s another. Yes, I actually said this. I thought the tech trade was over

4. Know where you’re going to get out before you make the investment. This makes life much easier. Before you buy a stock, know why and when you’re going to cut it out of your life if it goes against you. Don’t get trapped. Don’t waste time.

5. You need to be a master at avoiding FOMO (fear of missing out). There’s nothing worse than watching a stock spike, and so you buy it. You don’t want to miss out. You just need to join in. F that. Don’t do it. Chasing a stock rarely ever works.

6. Never buy a stock because of buyout rumors or because you think it will get acquired. You want to own strong companies not rumors or theories.

7. Always know your shareholder yield. Does the company pay dividends or have a history of buying back stock? That’s money being returned to you. If there’s no shareholder yield (dividends or buybacks), you’re basically left with a bet on growth. Know the difference. It will change your timeframe and expectations for any single investment.

8. You can’t ignore the overall market. In bear markets, they say all correlations go to 1. It’s hard to find quality stocks in bear markets. Everyone makes money in bull markets so don’t let it get to your head.

9. Study the tax code. It will immediately change the way you invest or trade. Trading can be a lot of fun. But at tax time it sucks. It’s a lot of work and even more taxes. You can save up to 20% on capital gains taxes when you hold a stock for more than a year.

10. The Internet is your best friend in the world of financial markets. But you have to double check everything. There’s so much free research available. There are also so many smart people writing and sharing ideas each day. But you still need to double check it all. If you like a trading or investing idea from someone online, make sure you corroborate the data yourself.

The Signs In Every Relationship.

When Pisces and Pisces get together they are bound to drive each other into a rehab and/or an insane asylum. Both will eventually experience liver failure as a result of alcohol addiction.

Aquarius and Pisces together is unsuccessful. Aquarius gets outraged when Pisces mistakes an experimental liquid for scotch. Pisces becomes an amoeba. Aquarius hides the evidence.

Aquarius and Aquarius will both become nostalgic together remembering their young days on planet Floorp, where their brilliant ideas were shared and individuality was appreciated. True Love.

Capricorn has no patience for Pisces who repeatedly tries to spend the couple’s fortune on their own drug problem. Capricorn eventually tries to profit off Pisces’s drug supply. It doesn’t work.

Capricorn and Aquarius is a give and take relationship. Cap will use the experiments Aqua is conducting to make a fortune. Aquarius is paid off in stylish jackets!

Capricorn and Capricorn is not a trusting partnership. They both hide money and Twinkies from each other. They only talk about the weather and golf.

Not surprisingly, Sagittarius loves drinking just as much as Pisces! But Sag has no time for Pisces sob stories. The two typically meet at a bar, prison, or brothel.

Sagittarius and Aquarius are the PERFECT couple. Sag has no attention span and Aquarius doesn’t care. Both will eventually forget they are dating.

Sagittarius and Capricorn never ends pretty. Sagittarius manages to break all of Cap’s fine china while roller skating in the foyer. Needless to say, Sag is executed immediately.

Sagittarius and Sagittarius makes the clumsiest and most reckless zodiac pair ever to be known to man. Together they will burn down their cardboard house doing lighter-fart tricks.

Scorpio loves to easily manipulate and easily control someone. Scorpio also loves cool ranch Doritos but they’ll never tell you. Pisces is no fool though. Pisces knows all and Pisces sees all; Pisces just doesn’t care.

Scorpio will never understand Aquarius and Aquarius will never understand humans. After two failed attempts to bug the lab Scorpio gives up all together.

Scorpio and Capricorn are like two mob men that accidentally fell in love. They are both controlling evil freaks. Not nice neighbors.

Scorpio has a hard time keeping track of Sagittarius. That is ONLY because every time it rains Sag has to find a new box to live in. Talk about impossible.

Scorpio and Scorpio are the real life Mr. and Mrs. Smith. Both are the devil and both have fun slitting each others throats.

Libra supports Pisces’s drinking habits and doesn’t care if their breath smells like Georgie. Neither own a toothbrush or socks.

Libra and Aquarius are equally weird and equally dirty. Libra lets Aquarius stick test tubes and thermometers up their butt. Quite the happy couple.

Libra is typically a serf in Capricorn’s kingdom. Capricorn likes Libra because Libra doesn’t know what money is. Everyone goes home happy!

Libra loves Sagittarius’s spacious apartment which actually happens to be an old dumpster. Sag doesn’t mind Libras guitar playing while on drugs.

Libra is too peaceful for angry Scorpio who finds nothing to control. Scorpio forces Libra to take a bath. Libra farts and says “Namaste”.

Libra and Libra typically meet at an orgy or through a mutual lover. They enjoy reading Dr. Seuss and braiding each others back hair at tea.

Opposites attract: Virgo will constantly be cleaning up Pisces’s vomit, tears, and empty bottles. Pisces gets kicked out on day six.

Virgo meets Aquarius’s alien relatives and makes a negative remark about their green skin. They never come over, nor are invited, for lasagna again.

Virgo and Capricorn are immensely compatible! There’s love but manipulative Virgo’s time is mostly spent taking money from Capricorn’s off shore accounts to spend on a fondue machine. Luckily for Virgo, this goes unnoticed.

Virgo and Sagittarius is the least compatible pair in all of astrological history. Sag eats, drinks, and dirties everything they touch. Virgo cries.

Virgo will polish all of Scorpio’s weapons that they have hidden in their secret armory. Works for a while… then Scorpio “accidentally” kills Virgo.

Virgo cannot possibly live with the laid back and gentle Libra. Virg will literally die of a heart attack when they see all the dirty q tips and expired milk.

Together, Virgo and Virgo create the most annoying couple you will ever meet. Most annoying sign of the zodiac x2. No one comes to their Tupperware parties.

Leo and Pisces… turn back now! Pisces is a miserable alcoholic who pays more attention to their liquor funds than Leos latest up-do.

Opposites attract: Leo needs to be the center of attention. Aquarius pays no attention to anyone. Leo does the Macarena in Aquarius’s lab. Leo: 1 Aquarius: 0.

Leo wants Capricorn to spend a fortune on them but all of Capricorn’s money is tucked away on a small island off the coast of Bermuda. No deal hoe.

Leo and Sagittarius is “zodiacs biggest diva meets zodiacs biggest douche bag”. It works! Leo will simply have to get used to the rats and Sag’s beer breath.

Leo and Scorpio makes a horrible zodiac match. Scorpio tries to make Leo wear a Burka and convert to Islam. Leo is too busy bedazzling a beret.

Leo tries to boss Libra around but Libra does not listen. This isn’t because they’re rebellious; it’s because they have years worth of earwax.

Leo dislikes Virgo because they can’t be the boss. Virgo hates pulling out hairs from the hairbrush. Leo hates Mistolin. Failed romance.

Leo and Leo will live extravagantly in a customized house full of mirrors. But they will always fight over the hair brush and who gets the last Rice Krispie treat.

Cancer thinks they can fix Pisces with some TLC (tender, love, and care). Pisces repays cancer with a box full of donuts and cardiac arrest.

Cancer accidentally washes Aquarius’s beakers and puts them with the glassware. Aquarius eats Cancer.

Opposites attract: Cancer is usually Capricorn’s maid or butler in their giant mansion. This is usually an affair. Ends with a $20 check.

Cancer needs a loving home which Sagittarius cannot provide because their home is the inside of a porta-potty. Cancer walks away gratefully.

Cancer and Scorpio are a perfect match because Scorpio needs total control and Cancer allows. Cancer gives Scorpio their debit pin on the second date.

Cancer is constantly cleaning up after Libra. But Libra pays Cancer back in horrible singing and Buddhist advice so it all works out!

Cancer and Virgo take turns in the kitchen. They also take turns at being bitches. Most successful gay males have Cancer-Virgo parents.

Cancer has to spread rose Petals on the ground before Leo as they walk. Cancer is treated like Dobby from Harry Potter.

Cancer and Cancer will hold each other wearing nothing but aprons and watch Titanic on repeat until their tear ducts have run dry. OTP.

Wickedly compatible: Gemini is Pisces drug dealer. They pour Henny (famous liquor) on each others privates and usually bring animals into the bedroom. Ends in hepatitis.

Gemini and Aquarius count cards in casinos, become rich, then buy a mansion in Punta Cana. Gemini turns up missing several days later. Diggin’ that commitment, Gem.

Gemini and Capricorn meet while Gemini is robbing Capricorns safe. Gemini is not afraid to have sex for jewels.

Opposites attract: Gemini and Sagittarius are married for years and they don’t remember each others names nor birthdays. They live in a trash can. Harmonious.

Gemini and Scorpio attempt to play a game of “how-to-ruin-lives”. Scorpio is possessive and Gemini cannot be possessed. Literal shackles and chains.

Gemini and Libra is “Brooklyn hippie meets heights garbage”. Gemini’s boys will start to wonder when Gem started wearing fedoras.

Gemini and Virgo together is literally like when a Dominican guy is dating his mother. She tries to clean his Jordan’s with Lisol, so he pees in the hamper. Destruction.

Gemini only dates Leo because they want to get in on all the twitter followers Leo has. The relationship is a fraud. Haven’t even held hands.

Gemini comes home to Cancer once every three weeks to tell more lies and to shower. Cancer makes mangu and cries on it for good luck for Gems drug sales.

Gemini and Gemini is your classic L.A. hood couple that gets into fist fights at parties, leaves their baby with a stranger, then goes to shop at Forever 21.

Taurus and Pisces are the kings of gluttony. Endless chicken and ribs topped off with Everclear. They vomit on each other to express their love.

Taurus will never discover the “secret” lab Aquarius has in the garage because they don’t leave the couch. Harmony… until Taurus wakes up with three eyes and the ability to live without eating.

Taurus and Capricorn aka two of the most selfish and boring zodiac signs. Taurus becomes restless because Capricorn only invests in stocks not Gucci bags.

Doomed from the start: Taurus and Sagittarius will never work out. Taurus never leaves home and Sagittarius is homeless. They only meet by chance at late night drive-throughs.

Opposites attract: Taurus is greedy and Scorpio is evil. This relationship consists of systematic homicides and jewel thievery.

Taurus and Libra are both ruled by Venus. This means they are both beautiful but lazy fuckin’ assholes. To sum it up: Libra doesn’t bathe and Taurus doesn’t notice.

Taurus and Virgo are two very similar individuals! Virgo will watch how Taurus spends money and how Taurus eats, like a hawk. Taurus will criticize cooking. End result: Bloodshed.

Taurus and Leo could work out if they stopped spending all the money on fancy shit they can’t afford and stopped fighting over swag and cream puffs.

Taurus and Cancer is a match made in heaven. Cancer cooks and Taurus eats. Both never leave the house. Boring hermit losers.

Taurus and Gemini live comfortably at first because Gemini will steal Louboutins and Prada bags for their lover. So: Luxury then prison.

Taurus and Taurus will meet in a McDonalds and fall madly in love. Their family photos will look oddly similar to a pack of warthogs.

Aries and Pisces will be swimming in a sea of E&J and tears. Alcoholics anonymous was made for people like them.

Aries breaks Aquarius’s lab equipment in rage so Aquarius has alien associates abduct and mince the ram. A clean break.

Aries and Capricorn is disastrous. Capricorn hides all the money because they know Aries will spend it on white vans and aged liquor.

Aries and Sagittarius makes the best of buds who usually enjoy sniffing cocaine off each others collar bones and robbing McDonalds. Will most likely end in jail.

Aries will upset Scorpio one time and then will never be seen again.

Opposites attract: Aries the belligerent “leader” with Libra the free spirit. It’s like Romeo and Juliet because everyone dies in the end.

Aries does not have the upper-hand with Virgo because Virg hides all the alcohol to be spiteful and they are swift with a chancla. Advice: Run, now. 

Aries and Leo will have the police called on them every night for blasting Madonna too loud and having beer bottles all over the property.

Aries and Cancer is “Typical city garbage meets suburb princess”. Suicide is in the cards, folks.

Aries is outraged because Gemini drinks all of their wine and refuses to play DMX at family parties. Neither pay rent. Inevitable eviction.

Aries will fight Taurus for eating all the food in the house. Together they resemble one spaghetti and one meatball walking down the street.

Aries and Aries are classic members of poverty cycle. One’s a jobless scumbag and the other works as a part time prostitute. They will never leave the Bronx.

A Few Things I Learned Watching a Hedge Fund Manager Lose $4 Billion on One Trade

Maybe you also followed this story. Or maybe not. But basically a really big hedge fund manager, one of those guys who people quote and probably talk about at Harvard Business School, placed a super big bet on this company called Valeant.

Valeant is a pharmaceutical company trying to cure problems with skin and infectious diseases. They actually also own Bausch Lomb so that means they have a giant eye care business.

This hedge fund manager made a bet that Valeant would keep growing their business, diversifying, and acquiring. He once even called them the next “Berkshire Hathaway.”

This thesis turned out to be wrong. Like really wrong. The company crashed. People started to call Valeant out for jacking up the prices of their drugs. They also were apparently doing some dicey bookkeeping things. Just Google “Philidor Valeant scandal” if you want to learn more about that.

The end result looked like this:

So what did I learn from this story? Are there any interesting takeaways for you? I think so. And by writing this I hope I won’t make the same mistakes. Maybe now you won’t either. Here are a few things I learned from witnessing one of the worst trades ever:

  • Risk management is everything. No single investment or trade should ever be able to wipe you out. You want to play this game forever. In 2015, this hedge fund manager had $12 billion in assets under management. He poured $4 billion into Valeant. So he essentially risked a third of his clients money on a single outcome.
  • Don’t ever average down! This hedge fund manager did not cut his losses when the stock started to crash. Instead he averaged down. He bought more. Then he played the options market. Just cut your losses if it’s not working anymore. Get out. Paul Tudor Jones said this best:
  • Humility is everything. If you are going to make a trade like this, at least do it quietly. Don’t go on CNBC and tout it. Or promote it. When everyone knows about it on the way up, they’re also going to know about it on the way down. It might make things even worse. The media and people will turn on you for entertainment, clicks, and laughs.
  • Social media is your friend. There are some seriously smart people on social media. The Valeant ($VRX) stream on StockTwits is filled with conversations, charts, and debates at all times. Don’t ignore that. Or even the bloggers. A few investment writers totally nailed it. They’ve been writing about Valeant and its problems for years. To this day it’s free and open on their blogs.
  • It happens to everyone and it will happen to you. No one makes great investments 100% of the time. Everyone gets hit here and there. Even Warren Buffett admits to this. He wrote about it in his latest letter to shareholders. Like that one time:

“I made one particularly egregious error, acquiring Dexter Shoe for $434 million in 1993. Dexter’s value promptly went to zero. The story gets worse: I used stock for the purchase, giving the sellers 25,203 shares of Berkshire that at yearend 2016 were worth more than $6 billion.” — Warren Buffett

  • Narratives are fun, but you also need to see the data yourself. What’s really amazing is how this hedge fund manager lost a ton of money. His brand and skill is being questioned and criticized around the globe. But someone recently showed me something interesting. The following chart shows the price of Warren Buffett’s Berkshire Hathaway vs. this hedge fund manager’s company Pershing Square. Yes, by this metric he’s outperforming Buffett! As a spectator, it’s fun to get into big story lines and narratives. But always make sure you corroborate the data:

Beautiful? Me?! Aw shucks anon, you are too kind X3

While I completely agree that the MC in the game is almost too perfect at times, I feel like all you really needed to do for Jumin is to take his opinions and thoughts seriously and not write him off as a “typical rich corporate heir.”

And so, with manic glee induced from staying up too late for a few nights in a row, I present to you a sharp, sassy, tsundere, and crass MC who somehow manages to charm our resident cat mom ;)

WARNING: This MC is a potty mouth :P

-Admin Bloo

  • Personally, Jumin Han couldn’t understand what all the excitement was about around their new member.
  • Sure they could possibly hold a party again after a long time, but she wasn’t THAT great.
  • From what he had gathered from previous chatrooms, she was loud, crass and boisterous. And sweared way too much for her own good.
  • Hmm, since he put it that way, he could see why she got along with Luciel and Zen so much.
  • When he voices these opinions, he was immediately accused of being salty about her reaction towards his cat.
  • It is true that he was offended when he had graced the chatroom with a beautiful picture of Elizabeth III and the only thing she could say was “whatever” before changing the subject.
  • Frankly, he could care less about the lack of enthusiasm from her side. He was still going to send more of the pictures.
  • But that still didn’t erase the fact that she was the rudest and the most nonsensical woman he had ever met. It was as if she had grown up with no sense of dignity and grace.
  • She would nag him for every little expense he made; every time he gave extra work to Jaehee; and for basically every thing he did.
  • He felt so attacked. It was like she had joined the RFA to pick out every little thing he did wrong. And he already believed himself to be very efficient.
  • So why was it that he found himself amused at all the unique… names and threats MC spat out for every time Zen attempted to woo her?
  • And how could he have stayed up til 3 am simply having a “discussion” heated debate about investments and stocks when he had an early morning meeting the very next day?
  • Turns out she had a very good head on her shoulders and work as a very successful and shrewd financial advisor/planner.
  • He had to give her a little bit of respect after that night.
  • One night he had logged into that chatroom after a particularly stressful dinner, and upon finding Assistant Kang already there, started discussing various marketing schemes for a new line of cat clothing.
  • It was his luck that Zen and MC were on too; Zen had already started his tirade against prioritizing Elizabeth III over his overworked assistant. Jumin was already anticipating MC’s verbal abuse as well…
  • But strangely enough, MC had simply told Zen to shut up. and Jaehee to half-ass her work when it comes to anything related to cats, but that was besides the point.
  • Everyone in the chatroom was stunned. MC was seriously passing on roasting Jumin for the day?
  • When Zen asked why, the irritation in her reply was almost palpable.
  • “He is clearly too stressed to plan anything serious. Don’t you think that there might be a reason why he’s so fucking obsessed with his cat? I seriously don’t care to know, but if this is the only way he can relax, then LET HIM FUCKING RELAX!!”
  • Jumin felt his heart pound and forgot to breathe for a second.
  • How did she know?
  • MC logged out of the chatroom after that.
  • Jumin logged out as well, and before he knew it, he dailled her number.
  • Only problem was… he didn’t know what to say??
  • There was silence on the line for almost a minute until she responded with a soft “what?”
  • The softness of her voice cause his mouth to run dry, and he asked just as softly. “Are you okay?”
  • After a long sigh, she replied “Yes, I am. Are you?”
  • Her curtness snapped him back to normal. “Yes, but I would like to inform you that your little speech was a complete waste of energy on your part-”
  • “Listen here you son of a-”
  • “But thank you for that.”
  • That shut her up.
  • “It was just as you had said. I had a terrible meeting today and had been tense because of it.”
  • MC remained silent, and Jumin was almost about to hang up when she started talking quietly again.
  • “There is no need to explain. We all have bad days, and I was just pointing out what others were too blind to see.” But then he could hear the laughter growing in her voice. “But maybe, if you had said that at the chatroom in the first place instead of rambling about ANOTHER goddamned cat project that could potentially sink your business, then people would take you more seriously.”
  • Jumin had to chuckle at her gall. “Of course MC. I will keep that in mind. Good night.”
  • After dropping the call, he stared at the phone for a long time.
  • The new member was… truly one of a kind.
  • Thoughts of her and how different she was compared to ANY woman he had every met plagued his mind for the rest of his night.

To be continued…

UPDATE: PART 2 IS HERE

Allowance use

Alright my dolls, you locked that SD and started getting that money, what y'all gonna do with it?

-don’t even think about spending the whole amount. I mean NO. No matter if you are sure that’s a steel deal you got yourself, remember your daddy can leave you any time. So -

-always take some of your allowance and stack it like it doesn’t exist, literally, DEAD, burnt. Have your own little rainy day trust fund, it can be your childhood piggy bank, I don’t care as long as those paper bills aren’t spent.
Why?
You are in a great position now yet how you gonna know what tomorrow can bring you? Maybe you will be in drought for weeks sometimes a month or more. Always be prepared.

-don’t get into that terminator spending mode as soon as those hands feel the paper. Do you really need them Chanel bags and Loubies? If you are really craving for it make your SD get em for you. But honestly, shoe/bag/clothes shopping will make you happy for a while, a car or a house/apartment shopping would make you a bit more permanently happy ? These are big goals I know however aren’t unreasonable and aren’t something so not possible to reach.

-first take care of your bills/rent/tuition/food supply, COVER your basic needs for the month, SAVE the rest. You would be amazed by the sum if you counted all of them bills spent on cute little things you bought yourself from sugaring.

-Keep the receipts and sum it up in the end of a month, if you aren’t going to keep track of your money who will? God? No.

-set up some bigger goals that you plan on reaching from sugaring. It’s maybe paying off that student loan, signing up for masters degree, saving up for your own place, investing in stocks or a small start up of your own. You name it. But I’m sure there must be something more valuable to you than the shopping sprees. Tend to be more friendly to your future.

-I saw a movie few months back, and there was this scene where a bodyguard of a rich guy asks these SBs hanging in the mansion how are they investing their money? What they all said-shoes and bags. And then he spilled the basic truth, What y'all gonna do with them shoes and bags in few years? Mr X will replace you all with them younger bitches and then what? You gonna live in ya shoes? Damn. Opened my eyes. You ain’t gonna be sugaring forever.

-if you HAVE a vanilla job, don’t even dream about leaving/quitting! NO. No matter what or how good your SD is. No matter what he promises to you no matter how much money he gives you. THAT is NOT your PERMANENT INCOME. Allowance is your little/big lottery ticket you are getting every month/week. Treat it like one. It CAN be a losing one just from next time.

-be a HOE but a smart HOE. Always mention to these SDs your actual goals for your future, he is more likely to spend and help ya out with that education/business venture for example than he’ll be interested in spending on some flashy superficial stuff. I’ve learned that hard way.

-think about the way you get your allowance (wire transfer, pay pal, cheque etc) this does vary on a country you live in but CASH will always be the good old almighty cash.

-if he gives you a card, don’t buy everything you see! Take cash from ATMs and stack it. If that card is really at your disposal use it SMART. Pay your groceries with it, bills if possible, replace a thing in your home, help out your family if you are able. But don’t go on a crazy mall tour. Your SD won’t really give a damn how you used it, moreover you can earn bonus points if he notices you are spending it smart.

-I’m not saying that you should not go shopping eventually but be smart about it. Keep inventory of your wardrobe, do supply/demand chart. Do your supply renewal every 3 or 6 months. PLANNING is the mother of SPENDING. If you take care of your wardrobe it will always look fresh and new. Respect it. Remember- your bomb pussy earned that!

-you have stuff in your closet you haven’t worn a year? Great. Sell it online. It will clear up your space and get you some extra $$$.

-another tip on saving- don’t necessarily go all the time to beauty salons (if it’s not something mandatory you can’t do yourself), take some time and do your own mani/pedi, if you can style your hair (there’s some new brushes that literally do the straightening for you while using it, if I find a link I’ll post it) learn to do your own makeup. Don’t buy all the most expensive beauty products all the time, there are cheaper ones which are also good. Take note: BRAND sells the product. So don’t be a victim of someone’s successful advertising. Just because it’s a Dior cream it’s why you need to own it?

-stack as many SDs as possible, short time ones, regular ones, it means MORE money for your wallet.

-don’t show off, don’t bring that negativity out from people. It’s still bad energy and why would you possibly want to make yourself a problem or an unpleasant situation? E.g. Outing you to your friends family coworkers etc, list has no end. You DO NOT have to impress anyone! You live in your OWN skin NOT in other peoples EYES!

-if you can’t keep track of your finances/spendings hire an accountant, it will help you big time!

-take advantage of the sales when you are getting your food/wardrobe or whatever

-don’t be lazy and go to the restaurants all the time! LEARN how to cook if you don’t already know. I’m aware how delicious that home delivery is but the price of a single order could maybe cover more meals if you went to the supermarket. It’s ok occasionally ordering food/going out to eat but think how much you can save up just by cooking yourself.

-be bills and environmental friendly, which means that you don’t need to have all of your lights in the home ON all the time, take your charger out when finished charging your phone/computer, don’t leave your desktop running all day/night or on sleep mode. Same applies to your tv. Take showers instead of filling up the tub. You will be amazed how much all of that can reduce your monthly expenses! Now sum that up for a year! Oh, yes.

-instead of paying for a crazy expensive gym, go out for a run, work out at home/in nature, don’t be lazy and look up YouTube tutorials for different workouts that don’t include gym.

-use public transport whenever you can instead of taxis/uber/your own car (if you own one), take a bicycle if you can, it will do magic to your body and your bank account.

-learn the difference between your NEEDS and DESIRES. Your desire can be your worst enemy if you can’t control it.

-don’t hoard food! Do your supply AD HOC (when necessary).

-make list of all monthly expenses you have, write PROs and CONs for each. Ask yourself do you really need it every month? Cut all unnecessary things off that list.

-get a vanilla job if you already don’t have one!

Combine some of these tips and do good for yourself, doesn’t necessarily mean you have to follow up to the point rather customize it to your own convenience!

Be a smart Hoe with your money.

10 quotes from Warren Buffett’s letter to investors about the great Wall Street rip off

Warren Buffett just roasted Wall Street.

Warren Buffett just used more than 3,200 words to basically destroy Wall Street and one of its main sources of income — taking fees from the cash you invest with them.

If you’re not sure what‘s going on here, there’s a quick story you need to know about. In 2005, Buffett made a $500,000 bet. He essentially said an S&P 500 index fund would outperform any basket of hedge funds. The hedge funds might have the look or a ridiculously over the top name like Swift Eagle Crane Capital or Stat Sig Alpha Management, but still a basic low-fee S&P 500 index fund would outperform them over a long period.

Buffett won. And in his recent letter to investors he explains in detail what happened and what he thinks everyone can learn from his $500,000 wager. Here are 10 hand-picked quotes from his letter and at the bottom you can find a link to the entire letter.

1. Here’s Buffett explaining exactly what happened:

“I publicly offered to wager $500,000 that no investment pro could select a set of at least five hedge funds — wildly-popular and high-fee investing vehicles — that would over an extended period match the performance of an unmanaged S&P-500 index fund charging only token fees. I suggested a ten-year bet and named a low-cost Vanguard S&P fund as my contender. I then sat back and waited expectantly for a parade of fund managers — who could include their own fund as one of the five — to come forth and defend their occupation. After all, these managers urged others to bet billions on their abilities.”

2. Here’s Buffett explaining how he straight up eviscerated hedge funds with his simple bet. Mic dropped. Game over:

“In it, the five funds-of-funds delivered, through 2016, an average of only 2.2%, compounded annually. That means $1 million invested in those funds would have gained $220,000. The index fund would meanwhile have gained $854,000.”

3. In which Buffett drops an amazing parody based on a classic Wall Street movie:

“I’m certain that in almost all cases the managers at both levels were honest and intelligent people. But the results for their investors were dismal — really dismal. And, alas, the huge fixed fees charged by all of the funds and funds-of-funds involved — fees that were totally unwarranted by performance — were such that their managers were showered with compensation over the nine years that have passed. As Gordon Gekko might have put it: “Fees never sleep.”

4. You might have a Vanguard fund. Do you know who the founder of Vanguard is? Buffett says he’s one of the most underrated men in all of finance:

“If a statue is ever erected to honor the person who has done the most for American investors, the handsdown choice should be Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds. In his crusade, he amassed only a tiny percentage of the wealth that has typically flowed to managers who have promised their investors large rewards while delivering them nothing — or, as in our bet, less than nothing — of added value.”

5. Buffett explains how Bogle fought against countless enemies, critiques, and haters. A lesson even for anyone trying to start their own firm or business today:

“In his early years, Jack was frequently mocked by the investment-management industry. Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.”

6. Plot twist. You ready? Buffett thinks no other class has been scammed by Wall Street harder than the elite. And not because of their incompetence, but because of their desire to feel elite:

“In many aspects of life, indeed, wealth does command top-grade products or services. For that reason, the financial “elites” — wealthy individuals, pension funds, college endowments and the like — have great trouble meekly signing up for a financial product or service that is available as well to people investing only a few thousand dollars. This reluctance of the rich normally prevails even though the product at issue is — on an expectancy basis — clearly the best choice.

7. How much money have hedge funds earned in fees regardless of performance? Here’s Buffett’s calculation:

“My calculation, admittedly very rough, is that the search by the elite for superior investment advice has caused it, in aggregate, to waste more than $100 billion over the past decade.”

8. One of Buffett’s greatest skills is his ability to observe human behavior and watch it repeat over time — in panics and in booms. He writes:

“Human behavior won’t change. Wealthy individuals, pension funds, endowments and the like will continue to feel they deserve something “extra” in investment advice. Those advisors who cleverly play to this expectation will get very rich. This year the magic potion may be hedge funds, next year something else.”

9. When Buffett drops an adage, you have to pay attention:

“The likely result from this parade of promises is predicted in an adage: “When a person with money meets a person with experience, the one with experience ends up with the money and the one with money leaves with experience.””

10. Yes, Buffett has a brother-in-law named Homer. And of course Homer has a great little lesson for everyone:

“Long ago, a brother-in-law of mine, Homer Rogers, was a commission agent working in the Omaha stockyards. I asked him how he induced a farmer or rancher to hire him to handle the sale of their hogs or cattle to the buyers from the big four packers (Swift, Cudahy, Wilson and Armour). After all, hogs were hogs and the buyers were experts who knew to the penny how much any animal was worth. How then, I asked Homer, could any sales agent get a better result than any other? Homer gave me a pitying look and said: “Warren, it’s not how you sell ’em, it’s how you tell ‘em.” What worked in the stockyards continues to work in Wall Street.”

Now if you want to read Buffett’s entire letter to investors, and even see his annual report for 2016, go to this PDF right here. If you enjoyed this compilation of Buffett quotes, or learned something new about fees on Wall Street, please like or share this post!

Day Eighty-One

-A pair of jocks came through my lane, eager to make their purchases of Yu-Gi-Oh decks. I can only hope that this was in preparation for a niche offshoot of chess boxing.

-A girl handed her grandmother a five-dollar bill to purchase something for her. After the purchase was made, the girl demanded her money back, as since the item was now bought, the grandmother has no need for it anymore. This has been the ultimate hustle and I am grateful to have been taking notes.

-After I asked a woman a question, she immediately became defensive. I am not sure if I went too far and overstepped the acceptable boundaries of cashier conversation. She stood there, suspicious wondering how I could ask such a question. I stood there, scanning, regretting asking how she was.

-A man called the store to ask permission to ride his hoverboard. He was denied, but I expect the kind of man who wishes to ride a hoverboard to do his shopping is not the kind of man to take no for an answer.

-A kid warned his mother not to eat her credit card. I did not see anything to cause this concern, but I trust he knows her better than I do.

-I was told by an elderly woman that she wished card readers would forcefully physically eject the cards onto the floor once they were done. I will now be paying a visit to the patent office.

-A college-aged man explained to me that the boxers he was purchasing were for emergencies. I understand him and appreciate his foresight.

-A woman’s shirt read “DICKS: Last Resort.” I cannot determine whether she is an overt abstinence-only Christian or an overt bisexual with a preference. Either way, I want this shirt.

-A sheriff came into the store with a serious look on his face. I was immediately filled with existential terror, anxiety, and nervous gas despite having never committed a crime in my life and also being white.

-Four college boys stumbled through my lane post-blaze. I know this as in the middle of his purchase, one stopped, blinked fervently, and loudly announced, “I just realized that there are four of us here!” They all laughed. One suggested investing in stocks. He handed me all of the cash in his wallet.

anonymous asked:

I have over 20 grand saved from sex work. I have no idea what to do with it. I don't have any debts or anything like that. Any tips?

Open an IRA (Retirement account)
Open a high interest savings account so that your $$ can grow and not just sit there
Have an emergency fund with at least 1 years expenses
Get health & life insurance if you don’t already have it
Open a business
Invest in some stocks + bonds Keep saving and buy some land
Keep paying every bill on time so you can continue to be debt free
And don’t spend your savings on dumb shit

anonymous asked:

You are so cool man. Okay, I just got into investing as in I opened an account with bank of america merrill edge for retirement but haven't done anything else. I know I should like buy safe stocks and stuff, but I am so wary of researching this. like i just don't trust sources that i google or magazines (my dad was interested in stocks and lost a lot of money so I just can't trust him or those magazines). I see that you have set up different markets (target retirement, inflation protected), (1/2

(2/2) and other funds. How did you get started? Where did you research? Like books or things. Thank you for your time!

Aw, thank you Anon! So, this is a little bit of a narrative, buckle up. (There is a readmore below! Read more!) 

Keep reading

15 Quotes I Love About Value Investing

I recently read about 40 pages of quotes from value investors around the world. The quotes were compiled by Value Investor Insight and they’ve made the entire collection free for anyone to read — you can view them all here.

But for those who don’t want to read all 40 pages, I’ve highlighted 15 of my favorite quotes below. By journaling and sharing them here, I hope they help my investment process going forward and also yours.

1. It is one of the hardest things to do and that is to remain a disciplined, long-term investor at all times.

“If the entire country became securities analysts, memorized Benjamin Graham’s Intelligent Investor and regularly attend- ed Warren Buffett’s annual shareholder meetings, most people would, nevertheless, find themselves irresistibly drawn to hot initial public offerings, momentum strategies and investment fads. People would still find it tempting to day-trade and perform technical analysis of stock charts. A country of security analysts would still overreact. In short, even the best-trained investors would make the same mistakes that investors have been making forever, and for the same immutable reason — that they cannot help it.” Seth Klarman

2. Value investors need to harness time and use it tactically.

“Time arbitrage just means exploiting the fact that most investors — institutional, individual, mutual funds or hedge funds — tend to have very short-term time horizons, have rapid turnover or are trying to exploit very short-term anomalies in the market. So the market looks extremely efficient in the short run. In an environment with massive short-term data over- load and with people concerned about minute-to-minute performance, the inefficiencies are likely to be looking out beyond, say, 12 months.” Bill Miller

3. Great investment ideas are not necessarily complicated.

“There’s a clarity that comes with great ideas: You can explain why something’s a great business, how and why it’s cheap, why it’s cheap for temporary reasons and how, on a normal basis, it should be trad- ing at a much higher level. You’re never sitting there on the 40th page of your spreadsheet, as Buffett would say, agonizing over whether you should buy or not.” Joel Greenblatt

4. There’s a perception that numbers, quants, and algorithms rule the stock market, but it’s so much more than that.

“I think my background has helped me learn to think well conceptually. Investing is not just about numbers. It’s also about imagination and structure and narrative and characters — the types of things we liberal-arts majors should know something about.” John Burbank

5. You should be able to defend your highest conviction investments at all times.

“There’s a virtuous cycle when people have to defend challenges to their ideas. Any gaps in thinking or analysis become clear pretty quickly when smart people ask good, logical questions. You can’t be a good value investor without being an independent thinker — you’re seeing valuations that the market is not appreciating. But it’s critical that you understand why the market isn’t seeing the value you do. The back and forth that goes on in the investment process helps you get at that.” Joel Greenblatt

6. Your edge is not going to come from data or news, it’s going to come from something of your creativity.

“Everyone tends to see the same things, read the same newspapers and get the same data feeds. The only way to arrive at a different answer from everybody else is to organize the data in different ways, or bring to the analytic process things that are not typically present.” Bill Miller

7. A good investment is not entirely dependent on the balance sheet, it’s also about the management team.

“We tend to be more about the jockey than the horse. It’s important to under- stand how people are going to behave under stress. You don’t have to predict the future if you know the company has the assets and management to do well in difficult times. I believe that’s when the seeds for exceptional performance are planted.” Bruce Berkowitz

8. Every investment should have a price, and if it’s not there now, you will be rewarded greatly if it ends up there down the road.

“Our best ideas tend to come from what I call “old research, new events.” That’s typically the good company you’ve studied carefully and would love to own at the right price, that gets marked down after it trips or its industry goes out of favor.” Ricky Sandler

9. Always remember that a cheap investment is cheap for a reason and cheap does not automatically make it a value.

“One of the big mistakes value investors can make is to be too enamored with absolute cheapness. If you focus on statistical cheapness, you’re often driven to businesses serving shrinking markets or that have developed structural disadvantages that make it more likely they’re going to lose market share.” Bill Nygren

10. You must know your circle of competence and when you should or should not be investing.

“I’d always said that if a guy was long the best 50 companies he knew and short the 50 worst, if that didn’t work you were in the wrong business. But that strategy was literally a recipe for bankruptcy from 1998 to 2000. I said when I closed down that it was a market I didn’t understand, and I didn’t.” Julian Robertson

11. Change your outlook on life, it will spark the little things, which in turn will lead to the big things.

“People who are in a good mood are more inclined to try learning new skills, to see things in a broader context, to think of creative solutions to problems, to work well with other people, and to persist instead of giving up. If you were writing a recipe for how to make more money, those are among the first ingredients you would include.” Jason Zweig

12. Human psychology plays a massive role in the world of investing.

“To suppose that the value of a common stock is determined purely by a corporation’s earnings discounted by the relevant interest rates and adjusted for the marginal tax rate is to forget that people have burned witches, gone to war on a whim, risen to the defense of Joseph Stalin and believed Orson Wells when he told them over the radio that the Martians had landed.” Jim Grant

13. Durability is a trait you should never overlook.

“The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.” Warren E. Buffett

14. Avoid complacency and stay vigilant.

“One of the economists who has heavily influenced the way I think is Hyman Minsky, who always said, “Stability begets instability.” The very idea is that the more stable things appear, the more dangerous the ultimate outcome will be because people start to assume everything will be all right and end up doing stupid things.” James Montier

15. I am making this investment today because… You need to be able to answer that every single time.

“I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that. “I’m paying $32 billion today for the Coca Cola Company because.” If you can’t answer that question, you shouldn’t buy it. If you can answer that question, and you do it a few times, you’ll make a lot of money.” Warren Buffett

gangster ceo!jungkook

Originally posted by jjks

  • yall dont realize how fast i got to work on this as soon as i got this request
  • originally it was like “gangster or ceo” but u know.. me….. i cannot chill
  • so!!! background
  • jungkook grew up as your typical spoiled rich boy
  • he had the fliest cars, biggest parties, and everyone was in love with him
  • he woke up everyday on satin black sheets tangled in gold blankets with a new person tucked into his side every early morning, only for said person to get escorted out of the house by his father’s long line of personal assistants
  • as the heir of jeon group, jungkook is a very, very precious person not only to his family but to the press, and he has to keep some semblance of a favorable image if he doesn’t want his father to send out an employee while he’s in Sicily to give jungkook the talk
  • the “talk” consists of a lot of scolding, all of which jungkook is not listening to lmao
  • despite being the heir, jungkook is super ignorant as to where the money that pays for his yves saint laurent shoes really come from
  • he kinda thinks like “oh yeah i’m gonna be the ceo and just dump everything on everyone else nbd”
  • in short, jungkook only finds out what he’s in for on the night of a very big gala being held at the jeon house, in which usually he’d crash and leave five minutes later with a pretty young thing before his father could stop him
  • but this year, his father asks jungkook to help put it together
  • now jungkook has had a lot of bodyguards throughout his life lol
  • mr. jeon is super serious about jungkook getting a stable one who will both protect him and not take his shit
  • jungkook is already mentally groaning at the thought of being assigned a line of bulky, no fun bench pressers and he can feel his freedom slipping away again at the very thought, but he decides not to protest cause he doesn’t want the night to be any more agonizing than it’s already going to be
  • halfway through the gala, jungkook is tucked away at the personal bar in the ballroom, downing his third hennessy and listening to his good friends taehyung and jimin whine about how their families were taking them to the french countryside instead of la for the summer, or how their new bugatti got scratched by one of the butlers, when jungkook spots you
  • you’re not paying him any attention, talking to a young entrepreneur a few feet away in your pretty little red dress
  • to most, you’d look really intrigued by what this guy is saying, but not to kook
  • he can see the scowl behind the curve of your champagne glass, can see the twitch in your fingers as you desperately ache for something to do besides listening to this guy talk about how many successful stock investments he’s had this year
  • bored, and kind of sick of his friends’ talk, jungkook decides he’ll be your knight in shining armor tonight and smoothly sidles up to you, his hand slotting easily into the crook of your elbow as the man before you two frowns like?? um
  • “baby, i didn’t know you got here already. you should have come for me right away” jungkook purrs beside your ear, fingers tightening around your elbow as he begins to slowly inch you away
  • you don’t miss a beat, smiling “apologetically” at the boring stranger, “oops! seems i got lost in conversation with this fine gentleman, darling. we really should be going, hm?” you ask, your free hand reaching around to playfully pop a button on the top of his tux, and he has to strain his legs closer together, mind forming with all the possibilities of what that brown lipstick staining your mouth might look on him
  • “we should” he groans through his teeth, and then shoots the perplexed stranger one last look before whisking you away between the dancing couples on the floor
  • he’s halfway through saying you’re welcome when you wrench your arm away, letting out a frustrated sigh once emerged in the crowd
  • “where’s your room?” you inquire, and immediately jungkook is leading you through elites and socialites from all over the country, up a spiral marble staircase and down four different hallways before he reaches his room
  • as soon as the door is open, you shove him through the crack, much to jungkook’s amusement
  • “i have to say, i’ve never met someone as bold as you before. can’t say i hate it though” he grins, reaching out for you as you begin to stride toward his king sized bed 
  • but as soon as his hand makes contact with your wrist, you wrench it backwards, sending a light kick to his backside and making him tumble unceremoniously onto his sheets, whispering a light “what the fuck”
  • you completely ignore him, walking over to his wall of windows overlooking the moonlit beach before wrenching the dark curtains closed, leaving only the light of the lamps in the room to illuminate jungkook’s shocked expression
  • “it’s like you’re asking for trouble” you murmur, taking a good look around his bedroom before rushing over to his closet, ripping article after article of clothing off the rack to his shock
  • “what the hell- do you know who you’re-” “of course i do, mr. jeon. now put on something comfortable, preferably to run in”
  • you toss a tee shirt at his face and it smacks him in the eyes, leaving him stunned and sitting awkwardly on his bed as he attempts to reach whatever conclusion you’ve clearly already drawn
  • finally, he finds his words again
  • “w-why…?”
  • you shoot him a glare over your shoulder that could freeze hell, as his mouth instantly clamps shut
  • “because someone is here to kill you, mr. jeon”
  • in fact, as soon as you say this, someone is knocking on the door to the room
  • jungkook just abandons the cocky asshole thing in total fear of his life and starts shaking from head to toe, little whimpers falling from his mouth as he realizes the gravity of the situation
  • you don’t finish picking out clothes for him, and instead shove him far into the back of his walk in closet before ripping up the carefully sewn slit in your dress to reveal a set of like four different knives lmao
  • you toss him one and he watches in horror as you use another to hold to his throat, your eyes trained on his shocked expression
  • “do not, under any circumstances, come out of this closet until i say the word. if someone breaks down this door, you stab them and run, understand? don’t look back”
  • all jungkook can do is nod bc he’s nearly pissing his pants
  • he wants to ask so bad why anyone would want to kill him
  • like his family donates to charity religiously, and as far as jungkook knows, a lot of the money his dad makes goes toward research funds for rare diseases and what not, and he, personally, doesn’t think he’s fucked anyone over enough to get a hitman on him
  • you just shoot him a fleeting look that he thinks for a second is sympathetic, and then you shut the door to the closet and disappear
  • unable to contain his curiosity, jungkook peeks outside to see what’s going on
  • as soon as you’re a few feet away from the door, the door is suddenly kicked down and a group of like five guys barrel in
  • jungkook’s knee jerk reaction is that you’re going to die and he wants so badly to go out and help you but you also told him to stay put
  • it’s getting harder tho bc even tho you can handle yourself for now, they’re starting to gang up on you the more irritated they get
  • they’re starting to corner you, their backs turned to the closet, and jungkook thinks this is his only chance
  • he jumps out of the closet and heaves his knife at one of the goons
  • it hits him in the back of the leg, hilt first
  • so now not only are these guys gonna kill him, you are too :)
  • all five turn to look at him at once, and he thinks this is the end, and when he imagined his life ending with him and a pretty girl this was not his first choice tbh
  • suddenly, you reach down and grab one of your stilettos, twisting the heel off, and there’s a hissing noise that fills the room before you toss the shoe at one of the stunned goons and rush past them before they can react
  • you throw yourself against jungkook and shut the door to the closet tight, and seconds later, there’s a loud explosion in his room
  • “here, keep this over your face. whatever you do, don’t breathe until we get outside. and listen to me this time” you hiss the last part as you hand him one of his scarves, making jungkook laugh sheepishly 
  • “but i mean, didn’t i technically just save us back there-” “i still have knives to maim you with, mr. jeon”
  • the party is in complete chaos, but you manage to smuggle him out between all the scared patrons, and soon, you’ve got him in the backset of a bmw with his father in the passenger seat and another guard driving you two to the city
  • “what about mom?” jungkook asks, looking out of the window frantically for her
  • “we got her to your father’s penthouse in seoul already, she’s safe.” you tell jungkook, running a hand through your hair as you let out a tired sigh
  • jungkook finally gets to take a good look at you now, and even though you’re covered in sweat, your makeup is smeared, and your hair is a mess, he’s convinced this is the fastest he’s ever been endeared by a woman 
  • when you notice him staring holes into your head you just shoot him a glare “i hope you know that stunt back there almost got us killed, idiot”
  • usually, jungkook would not settle for someone calling him an idiot, let alone someone he just met
  • but jungkook goes from O.O to heart eyes so quick 
  • “who are you?” he asks
  • “that’s (y/n), your new bodyguard.” jungkook’s father chimes in, with a small, pleased smile on his face as he watches his son’s reaction in the side mirror
  • for once, jungkook does not put up a fuss
  • his father ends up having to explain that their company is aligned with a few powerful mafia families in asia, and that a rival was beginning to rise and wanted to take out jeon industries’ heir as a way to halt income for some of the mafias
  • it takes jungkook a long time to get used to the fact that his family is so linked with crime, and at first he honestly doesn’t even want to believe it
  • his family is also a fifth generation family of notorious gangsters, as he finds out
  • apart from becoming the actual ceo of the company, jungkook was also expected to deal in the crime business that his family had been keeping for decades
  • his father even goes as far as relocating jungkook to the city to live on his own in preparation for taking over the business
  • so far, it’s just him, you, and a few other guards living there who work round the clock
  • the first few weeks with you are kind of hell and heaven for kook
  • any time he attempts to bring home anyone you literally card them at the front door, look up their identity to make sure it matches, do a facial and fingerprint scan, and then when (if) they finally pass your test you honestly pat them down before and after they’re about to leave
  • jungkook is like lol i dont care if they stole anything i can have it replaced
  • but you’ll be damned if you don’t do your job so you do it anyway and jungkook is kinda amused?? he thinks it’s funny that someone actually has to do this for him and you look so cute fussing over his one night stands
  • some of them don’t even come back bc of u and before, he might’ve been pissed but honestly he doesn’t give a damn
  • you’re much more entertaining
  • when he attends one of his first meetings with a few mafia bosses on updated territory negotiations after he’s promoted to ceo, he’s so nervous and pacing back and forth outside the meeting place and he so badly wants to run and hide bc like? people?? social elites he can handle but crime bosses???? no
  • you too are nervous but you can’t show it, especially not with jungkook looking like he’s abt to faint 
  • so instead of panicking too you just place your hand on his shoulder and look him in the eyes with a stern expression and tell him “don’t be nervous”
  • he scoffs bc of course it’s easy for you to say
  • you’ll be standing in a corner and the only thing you’ll have to do is look invisible and make sure a fight doesn’t break out. he has to do a shit load of talking and has to be smart abt what he’s doing and he’s just not ready
  • “i know you’re afraid of them. they’ll know that too. do you know what my physical defense trainer taught me when i got hired to my company?” you ask, and he just shakes his head side to side with wide eyes
  • “she said to imagine yourself as a lone wolf, entering a new pack. you’ve got to be strong, hold your head up high, and show them you mean business. you’ve got to prove yourself worthy. you can be scared, but whatever you do, don’t let them know. even if they try to make you look stupid, do not let them know. they can and will only attack if they sense weakness”
  • part of him is a bit stunned, bc?? you being scared doesn’t really mix in his mind
  • you’re one of the most fearless people he knows
  • but to know that even someone like you could secretly be scared on the inside takes him aback
  • he’s silent for a little while, fiddling with his thumbs, and then he swallows down his fears and steels his face into a stoic expression “alright. let’s go”
  • more often than not, jungkook needs reassurances like these
  • even years down the line, when jungkook is in his twenties and running the crime business like a pro, he still sometimes needs that calming look from you, or that squeeze on his bicep to tell him that everything is alright
  • even though kook has grown into quite the man, he’s very much still an annoying little shit
  • the people he brings home dwindle more and more until you literally have to ask him if you’ve scared all of them away and kook just laughs like “nah i don’t really care about them anymore is all”
  • you know jungkook has three moods
  • ceo jungkook: charming, flirty, conversationalist
  • gangster jungkook: cunning and ruthless
  • jungkook: dances around his living room in his underwear on the fourteenth floor to big bang
  • when you deal with ceo kook, it’s a mix of rolling eyes and resisting the urge to sock him in the throat
  • he really knows how to pack on the cringe-y compliments to make his clients fall for him
  • he’s always sitting around his office, feet propped up on his desk with the first few buttons of his white button up undone, his suit jacket draped over the back of his chair and his tie loosened
  • whenever he has an unexpected visitor however, he always asks you to clean him back up
  • he’s all smiles with his hands deep in his pockets as he watches you fix his tie and one day he even has the audacity to wink at you when you’re done and say “thank you, honey”
  • gangster jungkook is calculated. he likes everything to go his way, and he wants complete control over what’s going on in his company from the ground up
  • rumors aren’t appreciated
  • jungkook once caught one of his goons talking shit and spreading rumors to a few others about you, of all ppl, about how jungkook was keeping you on the side as a quick fuck and that you weren’t worth anything to the company besides that
  • what made it worse is that you’d heard, unbeknownst to anyone but jungkook
  • as soon as jungkook walked up to the guy, the goon immediately dropped to his knees and started apologizing and asking for forgiveness
  • “why are you apologizing? did you do something wrong?” jungkook feigns innocence, giving him one of his charming smiles that he reserves for the fake elites he works with at the company everyday
  • the guy just keeps apologizing, saying he shouldn’t have said anything about you in the first place, and starts wailing like a moron until jungkook is so annoyed with the guy he yanks him back up by his receding hairline and brings him face to face
  • “do you know how badly i want to kick your ass for disrespecting my bodyguard right now? she has more worth to me and this company in her pinky finger than you do in your whole body”
  • the guy is really scared now, begging jungkook to spare him, and everyone is just looking on like lmao he had that coming
  • and then you walk over, peel jungkook’s hand away, and give him an appreciative smile, “it’s fine, jungkook. you don’t have to hurt him”
  • and jungkook is abt to argue with you 
  • and then you just. raise your knee and sock the asshole on his knees in the chin, knocking him out cold on the ground “i can do it myself”
  • he falls in love with you more honestly
  • normal kook is your favorite tho
  • when he really lets go it’s just the two of you, being silly
  • sometimes he asks you to play hide and seek with him and claims he’s “fine tuning your skills”
  • the dancing to big bang thing is a common occurrence
  • when you’re off duty, he gets you to change into a pair of boxers with him and dance throughout the house
  • he’s even filmed a few of these dances on his phone and occasionally plays them back on long, stressful flights from here to there, smiling down at the screen
  • even tho you have a place of your own, he tends to ask you to stay over at his
  • he claims it’s for maximum security but really, he just likes having your presence around
  • he likes having an excuse to send his chef away so he can make dinner for two, or to have someone he can talk to abt his worries with business, or to simply just see
  • he’s a lonely man, working on top of everything, and sometimes it hits him just how lonely he is when you’re not around
  • you’ve steadily become a constant in his life he never wants to lose
  • at first you thought it was a bit strange, but sometimes he just asks to hold your hand
  • it might be in the car on the way to the airport or even while he’s attending a press conference
  • when you ask him why he likes to hold your hand so much, that rare sliver of jungkook shines through when it’s not supposed to, “you make me feel safe”
  • you’ve seen a lot of jungkook too
  • from quarrels with his family to actually seeing him butt naked he said he wasn’t embarrassed but he was red all over??
  • jungkook, tho you’d scold him for saying so, would jump in front of a bullet for you before you could for him
  • it made him frustrating when he fretted over you after a fight bc “kook,,, this is my job, i should be asking if you’re okay”
  • sometimes jungkook wonders if you should even be his bodyguard anymore
  • he thinks he cares too much about you to see you hurt like that
  • he thinks about it for a long time, but it only becomes clear to him when a meeting with a potential new crime ally from the states goes horribly wrong
  • the new ally  is unsatisfied with how much jungkook is willing to give to him in exchange for connections and goods, and push comes to shove until bullets are flying
  • you immediately shield jungkook and throw him under the table, but a miscalculated bullet hits your side and fall to the floor, unable to stand much longer
  • jungkook is so frozen in shock he doesn’t realize why you’re kneeling until his people chase the others out of the room and he sees your hands glistening red
  • immediately he’s screaming “no no no no” in his head, and you’re holding on quite well but the look of sheer pain on your face makes jungkook want to never see it again
  • he’s grabbing at you as you slump again him, and he quickly starts dialing the number for his private medical team to get to you asap
  • “i don’t think it hit anything too serious-” you start, but he’s muttering for you to shut up, that he can’t believe this happened, that he should have been more careful
  • all you can do is frown up at him through the pain, “jungkook, how many times have I… had to tell you…? your life comes first”
  • but he keeps shaking his head, holding you close to his chest as he wishes the ambulance to come faster “not to me”
  • thankfully, the bullet hadn’t hit anything bad
  • but it still hurt a hell of a lot
  • jungkook insists that he set you up in the best hospital room, and he keeps taking off time from work to visit you
  • he floods your hotel room with flowers of every color and size, has you on paid leave, and even offers to get you a emotional support dog
  • just bc
  • “do you want a puppy? i’ll get you a puppy. what’s your favorite breed? i’ll even get it a wardrobe for the seasons. we can take it with us to work”
  • having jungkook feigning over you is far more adorable than you expected, and you just let him ramble for a few minutes before he tires himself out and you just peck his cheek and tell him “thank you, but i’ve got a good enough pup right here”
  • yeah…….. he’s blushing
  • no matter how much he pleads you to take lit any other job than bodyguard, you tell him that it’s what you want to do, and that you will protect him until he no longer needs protecting
  • the time you spend in the hospital only reminds jungkook that he never wants to lose you
  • you know even though he’s trying to joke with you and do silly things to lighten the mood, he’s trying to hide the fact that the day you got shot was one of the worst days of his life
  • he truly believed he almost lost you and that alone had left him speechless for hours, waiting anxiously outside your surgery room
  • “you know you’re… you’re the only person i trust this much, right?” he tells you, gently grasping your hand in his
  • you hold it back just as tightly, a soft smile taking over your face as his eyes never leave yours. just being here with him, knowing he cares for you so much… it’s enough to make your heart stutter “i won’t let you down, mr. jeon”

anonymous asked:

Oh my god the Jamie pic is everything!!!! He is so alone and broken! !!! 😢 I will not survive to Sam's magnificent portrayal of JAMMF in S3. ..he is going to kill us.. my bet for this pic is Jamie's return to Lallybroch after Helswater.. this house no longer feels like home.. and he is truly lost now...

That would fit with his age in the photo. No matter what he’s looking at, well done Mr. Heughan. All the feels in season three. Might be time to invest in Kleenex stock again. 

strawberry-tallcake  asked:

Staple closet pieces? Including shoes and jewelry 😊

Alright this is going to be a long post…

My personal style can be described as classy and elegant with a twist of edgyness. Think elegant Kendall Jenner x Bella Hadid x Ulyana Sergeenko candid & formal photos.

Although it happens that I put less effort into dressing for university and other unimportant stuff like just running errands or do some small shopping in town because frankly, I don’t care and do not have to impress anyone with my 900€ shoes and 3,500€ coat. I live in a small town, so this just adds to me feeling indifferent. It doesn’t happen often, but still.. it does happen. However, when I am in a big, fancy town, I of course dress to impress and like I’m about to see my worst enemy. I think that this should go without saying haha!

Aside from that my style is as I have described above.

I used to buy stuff from H&M and Zara a lot and mix it with high-end designers, but now it all shifted to just high-end designers. It’s just personal preference. I am fed up with the poor quality and designer knock-offs. I very much cherish the improved quality that I have with designer pieces. Although the quality from oh so many pieces is pretty ridiculous too, to be honest! Do not think that designers necessarily offer the very best quality for their price. Most of the time the prices they charge can’t possibly ever be justified with the quality of their merchandise. It’s just the name you are paying for, really. This is why my #1 mission is always to look for the best quality in anything. I can see a Valentino dress that is so god damn gorgeous and not like the fabric. Or the beads and embellishments seem to be very cheap. I will not buy it, although I regret it because it’s stunning but whatev.

Understand that I am on a monthly budget just as everyone else is. Yes, I might have a whole wardrobe bursting with luxury and designer names, but I have amassed this all over years, with roughly 80% of my own money and 20% of SD money. I am a very practical person and buy clothing, shoes and jewellry that I am able to wear every day and for any occasion. There are some occasional SPECIAL purchases too, of course. But only when I see something seriously special. I had a phase in which I bought at least 20 pairs or so of Louboutins.. and how many have I actually worn out? Maybe…6? This, too, taught me to be practical.

As for jewellry, I generally don’t wear jewellry except for my gorgeous silver ring that looks like a flower made of tiny diamonds, with a beautiful big black pearl in the center of it. It is very special to me. As for earrings, I alternate between beautiful pearl studs when I want to look all preppy, classy and elegant (I think that they also make me look younger, funnily enough) and diamond studs and chandeliers sometimes for daytime and evening as well. I don’t care. I wear stuff that is supposed to be worn in the evenings in the day, too. It adds to the ‘uniqueness’ of my style which sets me apart from others. 

Please mind that I am not going to drop designer names (xcept for four) because well, I don’t want to seem like an arrogant, overly spoiled brat who just wants to show off. No! I am happy to provide you with pictures or whatever in private, if a certain piece has piqued your interest or if you want to know which pieces I exactly have, so just gimme a shout.

So, my general staple pieces for the day would be:

* A few pairs of skinny jeans - lighter denim colour without wash, one distressed black one (I like the slits at the knee), a normal black one, a mid-dark denim with a subtle wash. I only wear skinny jeans at this point in my life, with a seldom exception. Full length and I very much like ankle length or a little over the ankle in summer. Skinny jeans accentuate my lean and long legs - and I like to shift focus on my legs. 

* Skinny black leather pants. Normal ones, not like the Givenchy & Saint Laurent zipper thing.

* This seldom exception would be one pair of black high-waisted, perfectly tailored trousers that are overall just a little bit wider. 

* Two pairs of black cigarette trousers like Audrey Hepburn used to wear.

* As for t-shirts and tank tops, I like basic black and white ones. Round-neck, V-neck, doesn’t matter. I do not like any kind of prints unless it’s an okay print. Well I guess I am guilty of owning the black & white Balmain tank tops with the three golden buttons on the left shoulder haha but these are the only printed shirts in my wardrobe because they do add a little bit of sophisticated edge to my day looks.

* Elegant silk blouses are also a must in my wardrobe. Here, I like playful pussy bow blouses and a bit more ‘daring’, statement blouses. Although I do not like statement or ‘IT’ pieces in general and usually stay far away from them. I like to wear these blouses with my black high-waisted trousers.

* I am a sucker for coats. I own a lot of coats. Fur and normal ones. I adore a good camel coat and am also a sucker for military-inspired coats. The colours of my choice, for normal coats, would be camel, black and navy at this time. Other colours for fur coats.

* I fucking love capes and have quite a few. Black ones, mid-length to the middle of the thigh I’d say.

* Jumpers / Longsleeves / etc. Here, I am always looking for good quality cashmere, and wool. Mainly wearing them in autumn and winter. I like turtleneck pieces a lot.

* Warm Scarves - all my scarves are of a cashmere/silk mix. I also wear them when it’s cold or just throw them over my shoulders on a chilly summer night when I’m out at a dinner party or so. 

* Fancy Scarves - silk. I sometimes wear them under/over a blazer, with a normal button down shirt and a high-waisted skirt. 

* Skirts - one high-waisted black leather mini skirt, a black high-waisted heavy wool skirt / knee length

* Shorts - different pairs of mini denim shorts, beautiful lace mini shorts, black leather mini shorts

* Blazers - oh boy. I love blazers. I have so many. Again, black and navy coloured blazers. I have this beautiful slim, perfectly tailored black blazer that is a bit longer than a usual blazer - just beautiful. one of my fav pieces.

* Jackets - love. black leather jackets for the edge, but elegant leather jackets. I also dig black leather jackets with a beautiful embroidery on the back side. and uhm *coughs* of course the classic - the Chanel jacket. normal black and beige. is an absolute must have. and so versatile! I have the cropped versions as they fit my body far better than the regular length ones.

* Dresses - oh uh. I collect dresses. For any occasion. However I prefer short dresses, above knee length and mini dresses. Do have a couple of mid-calf length dresses, though. Here I say that the fancier the dress, the better. But it still has to look absolutely beautiful and not dramatic. Although I would have loved to have that black/red and red Proenza Schouler ostrich feather dresses just because they look so badass.. but where the hell would I have worn it to.. that’s the other question haha! I love brocade, I love silk, I love lace, I love velvet dresses. My dress colours are usually black and red but I also do have some white, silver, blue dresses. As for the regular shopping day in town, I just wear a long black dress with gladiator flats and that’s it. Dun care. Bye, Felicias. 

* Shoes - sexy black high pumps, the famous espadrilles (I like wearing them in summer with my ankle-length skinnys), the famous Balenciaga boots with the cutouts at the sides and the two buckles with silver hardware, not gold (literally every Russian jetset baby has these boots omg haha), velveteen ballet flats, silken/satin ballet flats, gladiator sandals (which are bound up to the knee), sexy suede overknee boots - I like my overknee boots to be of mid-thigh length, sneakers (have so many omg..leather and suede (apart from the one pair of Nike sneakers I like to wear on long haul flights. various models, various colours), various black combat boots that look more delicate than ugly and harsh, lace-up high heels, platform pumps, I LOVE high heels! gosh… it’s hard to describe without naming the designers and the particular models because it all sounds so vague and ugly haha! I like classy shoes as much as I like very special models like embellished shoes or just some fancy colours, etc.

* Silk Pajamas - I have a pair of baby pink ones and a pair of baby blue ones.

* Lingerie - am a lingerie addict, but which girl isn’t?

* Silk Robes - long dressing robes, short morning robes, everything. Black, white, red, and the pastel colours from above (babypink, babyblue)

* Invest in good stockings! Quite a few pairs of normal black ones. And black ones with the sexy seam at the backside for more..well, special evenings and occasions ;)

* Hats - Maison Michel; different colours, made of felt 


These are pretty much my staples. I am so sure that I have forgotten many many other things, but this should suffice. I have written a post on my personal fragrance choices which you might want to check out if you are interested in this as well!

Any more questions, just ask!