Daniel Reyes

Pay off the house in cash first. The psychological value of a zero mortgage is wildly underrated in these threads. Can't be stressed about a payment that doesn't exist.

Great diversification until you need liquidity. Try moving $80K in cards quickly — the spread and the fees are brutal. A hobby with optionality, not a portfolio allocation.

Watched the Nautilus secondary for three years. The buyer profile genuinely changed — fewer flippers, more people who want to wear it for a decade. Price discovery from here will be fascinating.

I told my LPs the best thesis I've seen this year is a guy who owns eight parking lots in a mid-size city. They were not impressed. I'm probably right.