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Sprott Focus Trust

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Adios collage fund
well there goes your childs college fund
Imagine telling your kid you lost his college fund in three days 💀
lol could of put that in a 529 plan invested in an index fund and set ur infant up for success. Should probably stop having infants. Edit: I see you put $20k aside. $70k over 18 years could have paid for their college and a large portion of their first home.
So maybe losing all your realized gains the next year isn’t such a terrible idea. Irs will be all over you but you can certainly tell them that you refuse to fund mongo man’s missiles in the Middle East…
Soooo apparently Reddit thinks 100k a year is rich when nearly half of households (43%) make that. I mean random nurses let alone hedge fund managers make that. Let’s do the math on what being rich ACTUALLY costs: - $20m mansion: 100k a month (yep entirely salary spent in one month) - private jet and international first class anywhere: 200k a month - maintaining a small yacht not even a large one: 100k a month - 5 star resorts many times a year: 50k a month - personal assistant and maid and chef and driver and all that 10k a month each: 50k a month including extras - fine dining every night: 25k a month - full healthcare security: 25k a month - random miscellaneous spend like 50k gala tickets and art: 100k a month Total: 600k a month or $7.2 million a year, at 4% rule need $180 million to live like you’re actually rich so funny reddit thinks 100k a year is rich when that won’t even buy you 1% of a small yacht. I’ve always interpreted rich to mean mansions and jets and yachts…
If you can it might be worth waiting a few weeks and see if the oil price continues going up due to oil shock rolling in. It won't make it down to 5600 but you might recoup more. And/or you could go ahead and roll it into a more achievable option. This professor and hedge fund manager explains:    [Energy Markets are on the Verge of a Disaster!](https://www.youtube.com/watch?v=ZwpZBo9awbc)
Bill Ackman is going on tv and begging people to buy his fund and also his META bags. Another wannabe Warren Buffett LMAO 🤌
For sure. They'll most likely keep trying to run 'business as usual' until someone turns up to throw chains and padlocks across the doors. The thing with Spirit is they have enough cash on hand to fund the operation, but have defaulted on an interest payment and no way to raise the cash for that. Technically they could wait for a letter of enforcement from the creditor (which hasn't been issued yet) and that would give them 7 days to pony up the cash - but it seems they've decided to jump before they're pushed.
From a security to become a hedge fund 🤯
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