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Giving Back to Victims of COVID-19


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Coronavirus Disease 2019, or COVID-19, a novel viral infection that emerged in December of 2019 in China, has spread like wildfire across the globe. The infection is caused by SARS-CoV-2, a positive-sense single-stranded RNA virus, and as of this writing has infected more than 4.1 million people, killing nearly 300,000 across 187 countries and showing no signs of slowing any time soon.

As a side effect of this truly colossal pandemic, countries around the world have effectively shut down, asking residents to stay in their homes and cancelling almost all public events. Economies across the globe have been decimated, unemployment is rising rapidly, and trillions of dollars in government relief are being unleashed to combat the economic fallout. US markets alone have shed nearly 30% from their all time highs in only one month:

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Effect of COVID-19 on the S&P 500

In all this madness though, there exists a massive opportunity analogous to the fallout from the financial crisis in 2008. After the dust settled back then, the S&P 500 index rose from a low of 666.79 in March of 2009 to a high of 3393.52 in February 2020, a return of more than 400%. While of course, no one really knows where the bottom is, we have not seen a panic like this in over a decade, and once the recovery begins it's unlikely we'll see another such opportunity for at least 7-10 years.

Opportunities like this are the exact reason I built LazyFA.

Let's cut to the chase here. There are immense opportunities in the market right now, whether you believe Boeing will be absorbed by the US government, airlines will be bailed out, some obscure biotech will fly off the handle when it announces a cure or a vaccine for COVID-19, or you just want to short the whole damn thing into oblivion. But things are moving quickly, so I'm using LazyFA to pour over financial reports and identify the diamonds in the rough faster than traditional means allow. I thoroughly believe this platform is the future of financial research, but I need feedback to make it even more powerful.

That's where you come in. LazyFA currently has nearly 10,000 registered users, but only a very small percentage of them regularly log in and use the site, and an even smaller percentage use a premium or pro account. The ones who do have been with me since the very beginning, and have been an incredible voice of support and feedback as I built this platform from the ground up, 100% on my own. I believe its potential is currently largely unrealized though, and I want to change that and do something good at the same time.

For that reason, for the next ten weeks I am going to use LazyFA to crowdfund assistance for those affected by the outbreak of COVID-19.

Here's how it works:

1. Beginning today, 3/19/2020 with the release of this post, I will begin tracking all new signups for PREMIUM and PRO accounts


2. On 3/29/2020 I will total the number of signups, and the amount of money raised from it, and will donate 100% of the net proceeds ($6.50 per Premium account, $11.35 per Pro account after Stripe processing fees) to COVID-19 assistance via the GlobalGiving Coronavirus Relief Fund


3. I will repeat this process every week throughout April and May according to the following schedule:

Collection Period Donation Date
3/19/2020 - 3/29/2020 3/30/2020
3/30/2020 - 4/5/2020 4/6/2020
4/6/2020 - 4/12/2020 4/13/2020
4/13/2020 - 4/19/2020 4/20/2020
4/20/2020 - 4/26/2020 4/27/2020
4/27/2020 - 5/3/2020 5/4/2020
5/4/2020 - 5/10/2020 5/11/2020
5/11/2020 - 5/17/2020 5/18/2020
5/18/2020 - 5/24/2020 5/25/2020
5/25/2020 - 5/31/2020 6/1/2020

Additionally:

4. I will match the first 20 users that sign up for either PREMIUM or PRO with equivalent donations. If this goes viral and at least 100 users sign up for PRO accounts by the end of this process, I will personally donate an additional $1000 on top of matching the first 20 users


5. I will issue a report each week by midnight on the donation date via both email and this blog sharing proof of all signups and all donations made. The report will include all relevant screenshots, receipts, confirmation numbers and so on, as well as both the signup and donation tallies for that week and the total amount donated so far


Why I'm doing this:

Whether you believe this was a mishandled disaster that could have been prevented through better management, a deliberate government conspiracy intended to attack the financial markets, or an unprecedented act of God that no one could have seen coming, the effects of the virus spreading are real. People are dying, the global economy is teetering on the brink of recession and in the end no matter the cause, the average person is not at fault. We are all feeling the effects. I personally have family and friends all over New York State, which is currently the worst hit out of all 50 states. I have close friends and family members who have lost their jobs and substantial portions of their retirement.

As traders, we are fortunate to work in an industry where we are actually able to profit from this disaster. Additionally, I'm young, and I'm fortunate enough to have other income streams in industries that work remotely anyway, so thus far this disaster hasn't affected me much from a financial perspective. I see this as an opportunity to band together those who seek to find promising investment opportunities for a small price each, and together make a large impact. Consider that out of the nearly 10,000 users currently registered on LazyFA, if only an additional 10% of them decide to join this effort, we will cumulatively donate somewhere between $14,000 and $24,000 over the next ten weeks.

By joining this effort, you can use LazyFA to find great investment opportunities while the market is in full panic mode, preparing you to make powerful long term investments when the time is right, I can truly test what LazyFA is capable of with a larger user base and use your feedback to improve the platform, and together we can make a significant impact on many who have been affected by this disaster.

To join the effort, take a look at what LazyFA can do, sign up for a PREMIUM or PRO account, and share this post everywhere you can! If you've got any questions please email info@lazyfa.com, and I'll see you in one week for the first donation report!