diff --git "a/reddit_finance_43_250k_381.txt" "b/reddit_finance_43_250k_381.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_381.txt" @@ -0,0 +1,10000 @@ +However, it also seems very common to believe that, in the long term, the market is expected to grow, so that investing in things that e.g. reflect indices such as the S&P500 will usually turn a profit in the long term. + +I don't quite understand how these two things are compatible with each other. If the share price of company X has been ideally valued by the market, doesn't that mean that, on average, one should expect such price to remain steady? + +Of course, new information might become available in the future and affect said "ideal stock price", but shouldn't such surprises again average out to zero? Meaning that there shouldn't be a reason to expect more negative surprises that positive ones, or vice versa. If there was, such information should have already been taken into account into the share price. + +As an example, say the market behaves ideally and thinks that company X will have "net value" 100 tomorrow. That means that the current valuation should also be 100 today, correct? If not, that would mean that the stock is currently undervalued, and thus not "ideally valued" by the market. Similarly, if a company is expected to have value 1000 next month, that should also be reflected into the current price. I suppose such price should then be something that starts at 1000 and is decreased in a manner that takes into account that "money now is worth more than money tomorrow", or something to that effect. + +This would lead me to believe that the only way for the "*ideal market*" and "*indices grow on average*" hypotheses to both hold true, is via the different valuation that different people might assign to an expected return at different points in the future. In other words, I should expect an average return from an ideal market only under the assumption that the market values a return after a time t less than I do. Is this the case? Or am I (as I probably am) completely off-point? +Here's the [WSJ story](http://www.wsj.com/articles/snapchat-parent-working-on-ipo-that-could-value-company-at-25-billion-or-more-sources-1475778314) with the following figures: + +|Snapchat|2015A|2016E|2017E| +|:---|:---:|:---:|:---:| +|Revenue | $60m | $250-350m | ~$1bn | + +## GOOG + +So what did Google look like in it's early years? + +|Google|1999A|2000A|2001A|2002A|2003A|2004A|2005A| +|:---|:---:|:---:|:---:|:---:|:---:|:---:|:---:| +|Revenue | $0m | $19m | $86m | $440m | $1,466m|$3,189m | $6,139m| + +The IPO was in August 2004. It was values at $23bn in the IPO. + +## FB + +Next let's look at Facebook, whose IPO was in May 2012 valuing the business at $81bn + +|Facebook|2009A|2010A|2011A|2012A|2013A| +|:---|:---:|:---:|:---:|:---:|:---:| +|Revenue | $777m | $1,974m | $3,711m | $5,089m | $7,872m| + +## Well? + +Both Facebook and Google were profitable at the time of their IPOs and they had shown an acceleration in their revenue growth. This got them 5 to 10x next year's forecast revenue, and 7 to 16x current year's forecast revenue. + +For me the key is proof that the topline in accelerating. Google's top line accelerated every year until the great recession. Facebook's stopped immediately after the IPO, crashing the stock, until the topline started ramping again in 2013. + +## A Rocket or Rock? + +If Snapchat's sales follow this path, then a $25bn will be a steal. If not, it'll be another Twitter. + +|Snapchat|2015A|2016E|2017E|2018E|2019E|2020E| +|:---|:---:|:---:|:---:|:---:|:---:|:---:| +|Revenue | $60m | $300m | $1bn |$2bn |$3.5bn |$6bn | + + + + +## EDIT: + +If you're curious on the stats for Twitter, it IPOed in Nov 2013. It's sales had been accelerating. The business was valued at $14bn, i.e. 10x the forecast year's sales. + +|Twitter|2010A|2011A|2012A|2013A|2014A|2015A| +|:---|:---:|:---:|:---:|:---:|:---:|:---:| +|Revenue | $28m | $106m | $317m | $665m | $1,403m|$2,218m| + +And for 2014, things were fine with sales more than doubling. Sadly it was 2015 that the growth slowed. +I want to thank to everyone who contributed with funds, shared our project and participated in the last update, for helping us to achieve this. More than 1,000 people has been benefited from your contributions in cryptocurrencies. Most of them are children, and older people who are unable to work and are suffering the impact of the humanitarian crisis that has affected our country for years now. + +You guys made this possible with your contributions in Bitcoin and other cryptocurrencies, along with our small team of volunteers that are working very hard every week. + +More than 4,4 tons of food have been given in total to people in my community. All of them are in a dire situation, many of them are older people who are unable to work. I'm proud of our work and I wish to continue to help people with bags of food. + +Some pictures: + +https://i.redd.it/13ahs43z9xx61.jpg + +https://i.redd.it/b79n553z9xx61.jpg + +https://i.redd.it/q00eq43z9xx61.jpg + +https://i.redd.it/hmsjo43z9xx61.jpg + +https://i.redd.it/ddhl453z9xx61.jpg + +https://i.redd.it/1ydn753z9xx61.jpg + +https://i.redd.it/fjr6853z9xx61.jpg + +https://i.redd.it/t1gga53z9xx61.jpg + +https://i.redd.it/3d16753z9xx61.jpg + +https://i.redd.it/mkj3j53z9xx61.jpg + +https://i.redd.it/nsvplf3z9xx61.jpg + +If you wish to help with cryptocurrency donations to buy food, please send funds to any of our addresses. Thank you so much for helping us! + +Bitcoin: 16w9PsTMKGsd9u4wuGN6WV1tcQNrQBEQmU + +Bitcoin SegWit: bc1qun795pt5d5wdrtu5hhd44rhxmvkmnjxqd3m496 + +And you can visit https://mealvenezuela.org/ and search for a different cryptocurrency wallet. +[https://preview.redd.it/apb3eb084b271.jpg?width=522&format=pjpg&auto=webp&s=eba33e5d983ebf680b413f6f94631d2e7008f108](https://preview.redd.it/apb3eb084b271.jpg?width=522&format=pjpg&auto=webp&s=eba33e5d983ebf680b413f6f94631d2e7008f108) + +# EDIT: THIS NEEDS TO BE SPREAD EXPONENTIAL! TELL 2 APES TO TELL 2 APES! + +Apes, + +I’ll keep it short. The best thing you can do at this point is **nothing** (Or the Autonomous Ape: Buy/Hold/Vote) and that’s actually more important than you know. + +Every new post expands the battleground for FUD. Imagine if we were on a physical battlefield that kept growing in size. This would be the same fight with more territory to cover and less resources. + +This community has gathered so much great intel over the past months. You’ll find everything in the side bar or with a quick search. Normally this is considered internet etiquette, right now it’s **mission critical.** + +Don’t get me wrong, don’t stop posting entirely. I don’t know if my body would allow me to poop without scrolling for Mayo-Memes. + +Ideally, + +**Less of:** + +* *Questions that have been answered.* +* *Shill articles posted ironically (Melvin Covered, ahahahah) We’re not the target audience, don’t bring that in here.* +* *What-ifs and other wild ideas of how this could end poorly for us.* + * *Don’t open that debate.* + * *Don’t give these morons any ideas.* +* *Anything that could become ammunition to the media or used out of context.* + * *This one sucks because these asshats deserve everything they have coming to them and they will have their day. Just consider this approach to be strategic.* + +If you ask a question and get an answer, update your top post with the answer and how you found it or delete your post and shrink the battlefield. + +**More of:** + +* *Sweet, Sweet Confirmation Bias* +* *DD that has you calling a doctor after more than 4 hours.* +* *Positivity and examples of community impact. (Anyone want to go pick up trash near their local GameStop this weekend?)* +* *That’s the short list, there’s really nothing else we need here.* + +As we roll into next week and eventually the impending MOASS it’s going to be more important than ever to stay grounded, aware, informed and relaxed. Help yourself and everyone else by setting the MODs up for success. + +Lastly, it’s not just up to the mods. This community has the best FUDAR and calling out the shills or FUD immediately every time is important. (If you see something, say something.) This is the best way we can be active, engaged and contribute to this Sub without necessarily posting our own content. + +I genuinely love you all. It's incredible to be here and it's an honor to hold with you. + +DIAMOND FISTS + +\*edited cause format was what you'd expect from me. + +\*Another unexpected edit: I'm beyond grateful for every message and award you Apes have sent. I'm a grumpy combat veteran^((we are many)) and awards/medals are kind of our thing. Since I have your ear, what I really want is a future where young men and women don't feel obligated to risk their life to afford college and healthcare. Give me that for every Gold-star mother that should be texting their child about GME right now but can't. +I have a loan that I could pay of but it's kind of hard for me to go thought with it because I think it would be better to invest the money in dividend Stocks. +If next year inflation gets even worse wouldn't it be better to have the money invested the to pay of a loan? + +Edit: sorry interest rate I'd something below 3% fixed +Long time lurker, first time poster. +In a nutshell, I've managed to make some good gains with smallcap mining stocks over the few years purely by riding growth catalysts. As of rn, I'm bullish on: + +$BNCHF - Benchmark Metals Inc + +* The results from the new drill published today were overwhelmingly positive which strengthen my bullish thesis. Holding this one long-term. + +$LODE - Comstock Mining Inc + +* Spruce Point tried to short them. I sold 50% of my holdings shortly after. However, we'll probably see the stock recover/grow 2% - 10% till eow, so I will be riding the upside. + +$ASM - Avino Silver & Gold Mines Ltd + +* They just recently announced an increase in the drilling budget by 50%-60% to fuel new exploration programs. Excited for Q4 results. + +What stocks are the r/pennystocks mining bulls currently looking at? +**General Overview** + +* We are at a time where investor demand has been proven in the cannabis sector, yet the stocks for the leading US companies in the space are difficult to buy and undervalued compared to their hyped Canadian counterparts. These US companies have much stronger balance sheets, are growing faster, get much less media attention/hype and trade for far lower multiples than their Canadian counterparts. Given that the USA is currently the largest cannabis market, both in legal and illegal sales, and is poised to become the global leader in legal cannabis, I truly see no other investment opportunity quite like this currently available in the market for the average retail investor. I firmly believe that the US cannabis market is one of the best investment opportunities for the upcoming 3-5 years and potentially longer. + +**The Market:** + +* The cannabis market consists of the plant and flower itself, topicals, oils, edibles, beverages, vaporizers/equipment as well as cultivation and real estate. While cannabis is a plant, it’s not really comparable to investing in crops like wheat, corn or other commodities. It’s more comparable to investing in wine rather than investing in grapes themselves. Just like the wine industry isn’t just about growing the grapes, or the tobacco industry isn’t just about growing leaf tobacco. These industries have some of the highest profit margins among consumer products. + +* Data from legal states and countries have reported a similar trend - cannabis flower is the top seller initially, while edibles/topicals and other alternate forms of cannabis are trending up and many experts believe that these will be the top sellers in the future. Many people will simply not smoke or vape anything, but would be open to trying cannabis in a food or topical form if it were available. + + +**US Cannabis as an investor:** + +* Since Cannabis is still illegal federally in the USA, these companies cannot trade on the major US exchanges like the NYSE or NASDAQ. They trade on the smaller Canadian stock exchange (CSE) and the over-the-counter (OTC) markets. This limits the volume and exposure that these stocks get and generally makes them less attractive to many investors, both retail and institutional. + +* The federal illegality of cannabis creates hurdles for US companies. These companies do not have access to traditional banking. This means they cannot accept debit or credit cards in stores and are largely cash businesses. Also, since cannabis cannot be transported across state lines, these companies must set up their entire operation for cultivation and retail in the states they operate in. Many of these companies have operations in multiple states, hence are termed “Multistate Operators” or MSOs. These companies are integrated vertically within the states they operate in, as they create, distribute and sell their own products. + +* Finally, the lack of federal legality prevents access to investment banking and typical financing that is available to businesses. This prevents large institutional investors from investing in these MSOs, and makes large corporations such as big tobacco, pharma and alcohol unable to invest in these companies. + + +**Haven’t we already missed the boat?** + +* You may have heard of several major cannabis companies in the past and maybe even seen their stock have major run ups and felt like the ship has already sailed. I am here to tell you that there is an extremely high chance that you heard of a Canadian cannabis company, or Licensed Producer (LP) as they call them. This includes companies such as Canopy Growth Corp, Aphria, Tilray, Cronos, Sundial Growers, Aurora and Hexo. These are all Canadian companies that do not currently sell cannabis in the US. + +* It’s ironic that many of these Canadian companies, such as Canopy Growth, Tilray and Aphria, are able to be listed on the NASDAQ for the sole reason that they do not sell any cannabis in the USA, while the US cannabis companies are unable to be listed on major US exchanges for actually selling cannabis in the USA. With the major US listing comes major volume, media attention and increased access for both retail and institutional investors. For example, the Canadian companies can be traded on Robinhood, Webull, M1 Finance, Cash app, etc while the American ones cannot be found on those platforms. + + +**Canada vs USA** + +* Canada legalized recreational cannabis in 2018. With legalization, came benefits for these companies and access to traditional banking and investments, financing, availability for mergers, acquisitions, major joint venture deals and listing on major exchanges. + +* In 2020, Canada had $2.1B in cannabis sales. This is an increase of over 120% since 2019. Unfortunately, these numbers are underwhelming and speak to the poor implementation of legalization across the country and the low population in Canada. While this should improve over time, many of the Canadian cannabis companies are way overvalued and lose money year over year, only few of which have real plans for profitability. + +* Compared against Canada’s $2.1B in sales, Colorado had just over $2B in cannabis sales in 2020 alone, which pales in comparison to California’s $4.4B in cannabis sales that same year. + +* In 2020 alone, the USA had $18.3B of legal cannabis sales across recreational and medical states. For comparison, the illegal US sales were estimated to be around $60B in 2020. It’s expected that illegal sales will come down as legal sales increase and prices come down over time to match or beat the illegal market. + +* Legal sales of cannabis in the US are projected to hit $30b by 2025 while only considering states which have legalized or enacted medical laws prior to July of 2019, so this projection does not include states which have enacted cannabis reform since July of 2019 and makes no assumptions for more states to legalize or federal laws to change prior to 2025. + +* The states with legalized or medical cannabis are those in which the US MSOs are building market share and revenue. As of 2021, cannabis is legal 12 US states (California, Alaska, Oregon, Washington, Maine, Colorado, Nevada, Vermont, Michigan, Massachusetts, Illinois, and Arizona), with 3 more states (Montana, New Jersey, and South Dakota) having just voted to legalize in 2020, and Virginia just recently passing legalization to take effect in 2024. + + +* As we can see, there is ample room for growth both at the state level and federal level in the USA. Since the MSOs are vertically integrated within the states they operate in, they have higher gross margins and any changes on the federal level will only further benefit the efficiencies of these companies. + + + +**Canada vs USA - The Numbers** + +* Despite the US companies having higher growth, they carry a value many fold lower than their Canadian counterparts and have stronger balance sheets. To illustrate this, I have provided financial information on major Canadian and US cannabis companies below: + +* [Canadian LPs](https://imgur.com/a/yCvRWw0) + +* [US MSOs](https://imgur.com/a/rWfeax8) + +* The difference is actually quite staggering. The average NTM TEV/REV for the Canadian LPs is 19x and only 7.4x for the US MSOs. Most of the Canadian LPs have negative forward PEs and EBITDAs, while most of the US MSOs have positive EBITDA at decent ratios to TEV and positive forward PEs. The rich multiples of Canadian LPs trading on the major exchanges is further proof of the investor demand for cannabis companies. + + + +**Who are these US cannabis companies?** + +I have provided some financial data for two of the largest US cannabis companies, Curaleaf and Truelieve. The point of this is to show that these companies are not fly-by-night operations that are on the verge of bankruptcy or insolvency. These companies are bringing in hundreds of millions of dollars of revenue each year with strong balance sheets, all while operating under the very limited federal establishment. + +**Curaleaf:** + +* Curaleaf has 101 retail locations, 23 cultivation sites and 30+ processing facilities across 23 US states, and holds #1 market share in legal or medical sales in many of them. +* 2020 revenue was $626m, up 183.5% YoY. +* Gross profit was $315.5m, up 266% YoY +* Adjusted EBITDA was $144.1M, up 556% YoY +* Estimated 2021 revenue of $1.2B with 53% gross margin and $365m EBITDA +* Curaleaf is the market leader in New York, a state which is widely expected to be legalizing cannabis in 2021. + +**Truelieve (as of Q3 2020):** + +* Truelieve has a presence in 6 states, but is the market leader in Florida, which currently has medical use of cannabis, operating 66 stores in the state alone and serving over 383,000 patients just in Q3. +* Florida is expected to vote on cannabis legalization in 2021. +* They are on track to do $515m in revenue in 2020, up 103.8% YoY with $253m.07 EBITDA, up 91% YoY. +* Expected gross margin for 2020 is 72%, up from 65% in 2019 +* Estimated 2021 revenue of $825m, $375m EBITDA and 70% gross margin + + +**The bear cases** + +***It’s just a plant, can’t people just grow it at home?*** + +* Of course it is possible to grow cannabis at home, but most people aren’t going to do that. You can also brew beer at home, but not many people do. It’s a nice hobby for enthusiasts, but not a real concern. + +***What about the Tobacco companies or Acquisitions/Mergers?*** + +* Investors who think that the major retail, food, alcohol or tobacco companies are going to take over and dominate after legalization are in for disappointment. These big, non-cannabis companies cannot even invest in the leaders of the current US cannabis market today. + +* Even after legalization at the federal level, cannabis will be a tightly regulated substance. It will be quite some time before you see weed cigarettes sold at every gas station just like cigarettes. In the current system, states only hand out certain amount of licenses to cannabis retailers, and the leading US MSOs have these licenses and operations set up in the legal states. The most likely federal change would entail a curbing of regulations while leaving implementation up to the states, and this will only further benefit these existing US cannabis companies. While this will likely expand over time, there’s no reason to think that large non-cannabis companies would be able to enter the space shortly post-legalization and get sizable market share without acquiring or merging with one or several of the existing large players in the US market. + +* In the event of future acquisitions, the firm getting acquired typically gets a nice boost in the stock price. I’d rather be holding the cannabis company getting acquired than the big tobacco company doing the buying. + +* I firmly believe that the best investment opportunity in the US cannabis market in terms of % return will be these leading US cannabis companies, not the existing tobacco/retail giants or the existing international cannabis companies. + + + +**Tailwinds and upcoming catalysts:** + +* Approval for cannabis legalization has been on an uptrend among the population across all age groups and demographics. As of November 2020, Gallup reported 68% of Americans being in favor of legalization of cannabis. For reference, this same poll found only 34% approval in 2001. + +* Democrats, Independents and Republicans are all in favor, with 76%, 68% and 51% approving legalization, respectively. + +* The current administration and congress is the most supportive legislator of cannabis law reform that we have ever seen in this country. While federal legalization may still be a few years out, there are some other major legislative acts that would be huge steps for the market: + +* The SAFE act: would allow banks to service cannabis-related companies in compliance with the state laws of their jurisdiction. This bill had 206 co-sponsors in the house and 33 co-sponsors in the Senate. It is currently under review by the Senate Banking Chairman, and the recent elections may put this back in the spotlight. + +* The Marijuana Freedom and Opportunity Act: would decriminalize cannabis by removing it from the controlled substance act - this bill’s lead sponsor was then senate minority leader Chuck Schumer, who is now the senate majority leader. + +* There are several other bills with varying levels of chances to be brought up or passed during this congressional session. The hope is that there will at least be changes to the banking laws through the SAFE act, or that cannabis will at least be moved from schedule 1 on the controlled substance list (indicating it has no medical value and is the same as heroin) to a lower schedule. + +* Even in the worst case of no federal action occurring under Biden, there are 9 states considering legal cannabis and 5 considering medical cannabis efforts in 2021, and more states will continue to enact laws opening them up as new markets over time until legalization at the federal level occurs. + +* Many people will outright just not risk using cannabis while it is still illegal in their region. As more states legalize and as federal laws relax, the total potential audience of cannabis users will rise, both in terms of current users and new users. + + + +**My Strategy:** + +* I am a typical retail investor in the USA. I see so much growth opportunity in this market that instead of choosing specific companies, I chose to buy an ETF which holds only US cannabis companies. This is the MSOS ETF by AdvisorShares, and it’s the only one of its kind holding only US cannabis companies. This ETF trades on the NYSE, and as such, cannot actually hold shares of these US cannabis companies due to federal law. Instead, this ETF holds total return swap derivatives on the companies. These are contracts with institutions like Blackrock where they hold the shares, while MSOS takes all the risk and gain of the shares. It has the same effect as holding the actual shares, but allows MSOS to trade on the NYSE. They are the only ETF that offers this on the market. This fund is actively managed by fund manager Dan Ahrens, a very knowledgeable manager in the space that actually wrote the book on investing in the US cannabis industry. + + +* I see this as an opportunity to invest in a market with massive growth potential and tailwinds before the floodgates of institutional and retail investors have really opened. Whether it takes 3, 5 or 10 years for federal legalization, I see continued growth in this market year over year as more states legalize, federal regulations get lifted and the companies become more efficient. + + +**Discloser:** + +*I am investing in the MSOS ETF as roughly 10-15% of my overall portfolio and plan to keep buying for the forseeable future. Cannabis is a volatile market with inherent risks, invest at your own discretion.* +* JPMorgan Chase CEO Jamie Dimon said the U.S. economy was “actually still doing well” at present and consumers were likely to be in better shape compared to the 2008 global financial crisis when the world tips into recession. +* “But you can’t talk about the economy without talking about stuff in the future — and this is serious stuff,” Dimon told CNBC’s Julianna Tatelbaum on Monday. +* His comments come at a time of growing concern about the prospect of an economic recession as the Federal Reserve and other major central banks raise interest rates to combat soaring inflation. + +JPMorgan Chase CEO Jamie Dimon on Monday warned that a “very, very serious” mix of headwinds was likely to tip both the U.S. and global economy into recession by the middle of next year. + +Dimon, the chief executive of the largest bank in the U.S., said the U.S. economy was “actually still doing well” at present and consumers were likely to be in better shape compared to the 2008 global financial crisis. + +“But you can’t talk about the economy without talking about stuff in the future — and this is serious stuff,” Dimon told CNBC’s Julianna Tatelbaum on Monday. + +Among the indicators ringing alarm bells, Dimon cited the impact of runaway inflation, interest rates going up more than expected, the unknown effects of quantitative easing and Russia’s war in Ukraine. + +“These are very, very serious things which I think are likely to push the U.S. and the world — I mean, Europe is already in recession — and they’re likely to put the U.S. in some kind of recession six to nine months from now,” Dimon said. + +His comments come at a time of growing concern about the prospect of an economic recession as the Federal Reserve and other major central banks raise interest rates to combat soaring inflation. + +Speaking to CNBC last month, Chicago Federal Reserve President Charles Evans said he’s feeling apprehensive about the U.S. central bank going too far, too fast in its bid to tackle high inflation rates. + +The Fed raised benchmark interest rates by three-quarters of a percentage point last month, the third consecutive increase of that size. Fed officials also indicated they would continue hiking rates well above the current range of 3% to 3.25%. + +Dimon said that while the Fed “waited too long and did too little” as inflation jumped to four-decade highs, the central bank is “clearly catching up.” + +“From here we let’s all wish him success and keep our fingers crossed that they managed to slow down the economy enough so that whatever it is, is mild — and it is possible,” he added. + +**‘To guess is hard, be prepared’** + +Dimon said he couldn’t be sure how long a recession in the U.S. might last, adding that market participants should assess a range of outcomes instead. + +“It can go from very mild to quite hard and a lot will be reliant on what happens with this war. So, I think to guess is hard, be prepared.” + +Dimon said the one guarantee he could be sure of was volatile markets. He also warned that this could coincide with disorderly financial conditions. + +Asked for his views on the outlook for the S&P 500 + +, Dimon said the benchmark could yet fall by “another easy 20%” from current levels, adding that “the next 20% would be much more painful than the first.” + +Speaking to a roomful of analysts and investors in early June, Dimon said he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. + +“JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet,” Dimon said at the time. He advised investors to do the same. + +Market participants are monitoring a highly anticipated inflation print on Thursday as well as a slew of corporate earnings. + +JPMorgan is scheduled to release third-quarter financial results on Friday. + +Shares of the bank are down roughly 33% year-to-date. + +&#x200B; + +Source: [https://www.cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-tip-into-recession-soon.html](https://www.cnbc.com/2022/10/10/jpmorgan-jamie-dimon-warns-us-likely-to-tip-into-recession-soon.html) +It just seems rediculous to me that over half of the U.S. is on welfare and i do not believe them. i googled the statistics and they showed 4.1 percent for the year of 2012. + +Edit: thank you for all of the responses, i have learned a great deal on this subject. +**Key Points** + +* **Globally, Nike is seeing shoppers splurge on new sneakers and fashion-forward sweatsuits to wear as more people begin to socialize again.** +* **The company’s Jordan brand has been a particular bright spot.** +* **At least 12 brokerages have already raised their price targets on Nike shares, following the company’s fiscal fourth-quarter release.** + +[Nike](https://www.cnbc.com/quotes/NKE) shares surged more than 14% on Friday morning, hitting a record high, after the sneaker maker [forecast full-year sales topping $50 billion](https://www.cnbc.com/2021/06/24/nike-nke-q4-2021-earnings.html) as its North American business rebounds from the lows of the coronavirus pandemic. + +**And in greater China sales appear to be improving**, with Nike management saying the company is confident about its ability to regain trust with customers there, amid threats to boycott Western brands over their comments expressing concern about alleged forced labor in Xinjiang. + +“These are times when strong brands can get stronger, and each quarter this reality becomes even more clear,” Nike Chief Executive Officer John Donahoe said during an earnings call Thursday evening. + +**Nike’s stock was trading $152.70 at 9:35 a.m. ET. The retailer, which has a market cap of more than $211 billion, last saw its stock hit an all-time high of $147.95 on Dec. 21.** + +**Globally, Nike is seeing shoppers splurge on new sneakers and fashion-forward sweatsuits to wear as more people begin to socialize again. The company’s Jordan brand has been a particular bright spot.** + +**During the three-month period ended May 31, Nike’s total revenue nearly doubled to $12.34 billion from $6.31 billion a year earlier, topping Wall Street estimates by more than $1 billion. In North America, Nike’s biggest market, sales more than doubled to a record $5.38 billion.** + +Following Nike’s upbeat fiscal fourth-quarter results on Thursday afternoon, Cowen & Co. analyst John Kernan raised his price target to $181 from $145. Kernan said he sees a path for the company’s market cap to one day surpass $300 billion. + +“Management’s confidence is hitting an inflection and Q4 results indicate the digitally driven acceleration in the financial model,” he said in a note to clients. + +According to Telsey Advisory Group analyst Cristina Fernández, Nike is benefiting from its closer connections with customers through its membership program, higher full price selling, greater use of data and a smarter wholesale model with strong partners like [Foot Locker](https://www.cnbc.com/quotes/FL). + +Telsey raised its price target on Nike shares to $180 from $160. + +“The strong momentum in Nike’s brand globally is more than offsetting pressure in China and supply chain constraints,” Fernandez said in a note to clients. + +At least 12 brokerages have already raised their price targets on Nike shares, following the company’s fiscal fourth-quarter release. According to FactSet, the median target price of analysts who cover the company is now $176.90. + +“The company is emerging from the Covid period into the biggest \[profit and loss\] evolutions in our coverage universe,” Credit Suisse analyst Michael Binetti said. + +Nike warrants “a significant valuation premium” compared with other global apparel and footwear brands, he added. + +[CNBC](https://www.cnbc.com/2021/06/25/nike-shares-on-pace-to-hit-record-high-as-outlook-tops-expectations.html), [NKE stock price](https://finance.yahoo.com/quote/NKE?p=NKE&.tsrc=fin-srch) +There’s a lot of people anxious about what’s going to happen the next few weeks / months / years. Inflations running hot, feds increasing rates, economy shrunk by 1.4% last quarter, war in Russia, we just got out of a pandemic, bla bla bla. + +Listen, if you are wealthy enough to be investing any more into the market, then no matter what happens going forward, you’re going to win, save anything extreme happens like society ends. + +The US government has demonstrated it isn’t interested in regulating big money. That’s how we got the money printer on in the first place. Now we’re getting pathetic rate increases that most likely won’t go high enough to actually do anything about inflation. Meaning the solid companies you are invested in are going to start going back up at some point. + +Or they won’t, and the whole market crashes. Which isn’t good for everyone losing their jobs and house and stuff…but again…if you’re wealthy enough to be investing, it means prices for these assets like houses and good stocks come down with it. + +Focus on building emergency funds, cutting expenses, living with less. If you’re on an Internet forum about stocks you’re not as destitute as you think you are and you’ll probably be okay. +It's still pending a few approvals, but I'm pretty certain that I'm getting a promotion and associated raise in the next week or so. I realized as I sat there after the call where I negotiated the details that I was excited about being able to save more and get closer to FIRE faster. It's a wonderful thing. +This sub is like my anonymous support group. Thanks for the ideas and examples! +https://www.financialsamurai.com/feels-lot-like-2007-again/ + +When we start feeling that “fear of missing out” urge, it’s good to remember that things don’t always trend better ... at least in the short- or medium-term. I’ve noticed myself start considering Bitcoin and rental properties when I never had before and I’ve needed to check myself. + +I’m not looking forward to the next downturn. But I’m curious how I will feel. In 2008, I didn’t have kids and had much lower rent. I suspect I’ll feel a little worse in the next downturn, but who knows? Maybe I’ll actually feel a little relieved. + +EDIT: To clarify, rental properties and bitcoin are *my* personal FOMO triggers. Nothing wrong with people who want to speculate with currency: many have become rich doing so. And of course, being a landlord is an age-old approach to cash flows for financial independence, I’ve just never had interest in doing so. +Gold bug Vs Bitcoin is an argument made up by old gold collecting men trying to stay relevant. + +Gold is cumbersome to own/ hold, it's not finite, it's slow to transact in, it's hard to keep safe.. etc etc. + +Gold is proving no match for Bitcoin, crazily government treasuries are paying massive amounts trying to store bars behind bars.. meanwhile actioning off seized Bitcoin. + +Still like gold better than fiat, but let's be serious here its no Bitcoin. +**A week ago we were just a couple of retards trying to make a quick bag.** Then the hedge funds started playing dirty – they exploited our order flows, they attacked us with short ladders, they blitzed the media against us so hard *even my mom* was saying fuck the degens on reddit. And today, they de-platformed the average investor and literally removed his ability to trade. + +But now I feel that something has fundamentally changed. People are joining purely to take a stand against being screwed over for millennia. + +Just look at the recent posts. You've got people who've never even owned a single stock going balls deep into GME just to make a statement. Think about that. **You've got regular working class people willing and happy to lose their hard-earned money just to take a stand.** Last week I was worried the shorts would get off easy buying back shares from holders trying to lock in life-changing profits. Now, half of the apes aren't even here to make money anymore. **We're diamond hands 💎🤚in this bitch just because we're tired of getting dicked.** + +Webull, Fidelity, TDA and supposedly even Robinhood have already re-established trading for GME. Tomorrow there are millions worth of options expiring so far ITM the 7-elevens in NYC are running out of lube. And guess what. The long, 12 inch dick 🍆 of the people is a straight up **chode**. + +**tldr;** GME to Uranus 🚀🚀🚀🚀🚀🚀🪐 + +Edit: at dinner tonight my mom said she changed her mind and is rooting for us retards after the shit robinhood pulled. The tides are turning brothers 🦍🦍🦍 +Over the last year or two, 90% of WSB has become people complaining that Elon Musk / Vlad / JPow / Trump / lizard people are robbing retail investors of their well deserved tendies. I can barely see any DD or gain/loss porn on the front page. + +I hate that WSB is now infected with the "rich people bad" virus. It used to be a safe haven without teenage communists that reside in /r/politics, /r/worldnews and /r/finance, but sadly now it's not. + +Let me tell you one thing: when you gamble, you will most likely lose money. And that's not because some billionaire or politician ripped you off. Yes, they manipulate the market, but that's not why your penny stock tanked. You lose money because you're retarded enough to buy options instead of investing in blue chips on long term. You take higher risks, and sometimes the odds are not in your favor. Suck it up, post a loss porn and quit complaining. + +Uh I mean I'll have classic chicken and small fries. +[TL;DR](https://www.adamtracy.io/crypto-predictive-analysis-week-of-february-6-2022/) +Many people are saying Cardano is not doing justice what it has promised. + +I hear lot of opinions like - *Cardano's network congestion is bad and shows it's not ready for primetime* + +Let me tell you how Cardano started and what Charles said about it whilst doing the improvements. + +"Cardano's network is exactly where it should be, prioritizing security over speed to market. It's always been the measure twice cut once blockchain which is why so many have been interested in this project since it launched. I would rather see it keep it's core philosophy and do things right even if it hurts a bit short term. I think the plan is solid for 2022" + +This is my take on Cardano. I'm happy to dicuss about it. +[https://cryptoempire.io/](https://cryptoempire.io/) + +It's still a bit buggy and incomplete \(the mobile ux needs a lot of work, the leaderboard isn't functional yet, etc.\), but I've reached a point where I'm not totally ashamed of sharing it :\) + +Rants, feedback, insults, praise \- all is welcome :\) +Long story short - I stumbled across the concept of financial independence through this sub and others about a year ago, read heavily about investing and everything related to the stock market, and then finally decided to make the leap about a month ago. + +My net worth currently sits at 62k. The breakdown of my investments goes as follows: + +12k cash (more than enough for my emergency fund) + +VAF (12%) | $6000 + +VIF (12%) | $6000 + +VCF (6%) | $3000 + +VAS (31%) | $15,500 + +VEU (18%) | $9000 + +VTS (17%) | $8500 + +VAP (4%) | $2000 + + +So this brings me to the my girlfriend - I was on the phone to her this afternoon and I'd just finished investing my last 5k chunk earlier in the morning. She'd known that I had been doing 'stuff' on the stock market but that's about the extent of it. So, a little caught up in my moment of happiness, I dropped to her that I just invested my last 5k chunk, and now have 50k worth of ETFs.... And then there was silence, followed by 'are you an idiot? You're going to lose all of your money. What if your shares drop and you lose everything?' + +I tried to say all the things like, I'm not buying shares I'm investing in ETFs. And that even if the stock market does take a dip, it will recover and I will come up on top eventually. But alas, she wouldn't have a bar of it and the conversation pretty much ended up with me a being dickhead. + +I tried not to let this get to me, but it has. Please tell me that she's wrong and I won't lose all my hard earned moolah. She's the only person that I've somewhat told about my investments. Literally everyone else that I know, including family and friends of friends know zilch about the stock market. I fear that if I do go to someone else, they will say the same and cause me to second guess myself even more. + +Help reddit! + +Just made 100 from instacart. Was feeling good about it until my bank charged me 3 overdraft fees in one freaking day and now I’m at negative 120 dollars. So now after depositing my instacart money I will be at negative 20 dollars so it was worthless. Just so frustrated because no matter what I do I will always be behind. +If I'm longing or shorting EUR/USD with $1000 cash and leverage 50x ($50,000 in total) then it definietly will not have any impact on the price regardless of time and session. + +But what if I trade $1,000,000 with 50x leverage ($50,000,000 in total)? Will it have a significant impact on the price? How can I check available liquidity at given price? + +Sorry if it's a newbie question but I really could not find anything interesting in Google. +I live on the edge. I have been using short take profits for the past couple months. When my trades run bad ... I let em! They have always come back. Today 4 of them came back from..... waaaaaay in the red on xau/usd. I took profit. My account is up 10%. + + I'm using .01 lot sizes. Margin call you say? What's that? This is working better than my actual trading strategies or things I researched. + + +Edit: for those trading using other strategies, what do you think is making you profitable using a SL? What are your confluences? +My take is that USD will strengthen as the uncertainty will lead to investors selling equities for USD. That together with the tightening USD supply, and increasing yield for T bills will lead to people selling their base currencies for USD further strengthening it. + +What are your thoughts? +I really enjoy listening to podcasts about traders advice to those starting out but I want to know people's biggest why on why forex came to be their calling. To profitable forex traders out there, what was your deepest pushes as to make your self disciplined and consistent with trades? Was it family? Were you the breadwinner? Or were you realized corporate wasnt for you? Just really want to know your unique stories. + +Time to time, I feel so depressed what if I don't make it. I know that the only person limiting me is myself with a the doubt but I try my best to fight my inner demons. +I'm sure this has happened to many of you that the price misses the target by less than a pip then reverses to hit the stop loss. I've had another one of those that today and wondering how often this happens to you and how much of it is controlled by the broker? + +I seem to be too accurate(?) in pinpointing the exact bounce point right at the pip that it always bounces right before my target. Like by 1/2 pip today and a lot of times, similar in that range. What are the odds of me being absolutely accurate like this? I'm getting suspicious to my brokers... +what about you? why or why not? + +my reasons are mostly based on the timeline of where we are in Ethereums timeline and the strong developer base, tech drive and extended support, media and cross functional use as a currency going forward when compared to bitcoin...by cross functional I mean it's becoming mainstream enough while still not mainstream enough for both shady and legit uses. but mostly the tech, developer base, and media/enterprise involvement. + +i also have a small sentiment that history tends to repeat itself and we have very recent history to compare and contrast in bitcoin. + +Edit: I do feel like my reasoning is still too close to speculation and not solid enough, so I'm looking for more facts and logic, figures, events, psychology etc as to why in either direction. +Long-term investors should be rewarded by paying zero in capital gains tax. Why? + +When you earn money from a job, that income is taxed. You then have two main options: + +• spend it + +• save/invest it + +Those who choose to save/invest it are choosing to forego current consumption for future consumption. In other words, they are accumulating capital which is one of the main ways the economy grows (which benefits everyone). + +The money has already been taxed. The person then chooses to invest for the future (benefitting not only themselves but the whole economy), to then be taxed once more (capital gains tax) and then again (sales tax) when they choose to consume eventually. To me, that makes no sense. Why are we double (or triple) taxing those who invest for the future? +First big time casualty of the pandemic: + +https://www.wsj.com/articles/hertz-preparing-bankruptcy-filing-as-soon-as-friday-night-sources-say-11590182538?mod=searchresults&page=1&pos=1 +I don't own rental but I'm in the market to buy a house shortly. I currently live in Japan. I want to get a rental and earn passive income here as I ultimately intend on retiring here. As a US citizen, I know that I am legally obligated to claim income sourced from foreign locations. + + **Disclaimer** I am not about to consider committing tax evasion. Given I am US military, it would be entirely unwise and would probably cost me my job. This is entirely hypothetical. + +I am just wondering. If I purchased a house in a foreign country, collected rent in the local currency, and had all cash flow through a local non US bank, how does the US know I am collecting that income unless I tell them? Like I understand that I am legally required to claim it as income, but how would they even know if I.... just didn't? +Anyone with only a few properties who owns far from where they live? + +&#x200B; + +How'd you find the property and how did you manage to purchase/rent/etc? + +I'm in the market to purchase a few at the moment but live in an expensive area where it may not make sense. I don't have any connections outside of the local area. Any suggestions? +Idk if you guys will be able to help out any, but even my own brother won't give me the website they use, he probably would if I pushed, but I hate pushing as it can lead to negative feelings. Talked to a few full time flippers and they all reference this super secret auction website but when I ask what it is they don't tell me it. I understand the point to it because all the main ones are overrun with basics who watch cable shows that run the prices up too damn high, but at the same time it just feels like I'm stuck behind this wall that I have to find a way to break through, but I'm not exactly sure how, I just know that I have to.. + +&#x200B; + +Anyway, if you know the super secret site and can DM it to me or post it here I'll love you forever and upvote all your posts in your post history. +There have been markets on the coastal cities, southwest, southeast where markets have exploded. People are obviously doing deals there. What the reasoning behind paying double what somebody already bought a year ago? Type of investor? Can smaller guys still find deals in those markets? How do you approach those types of markets mentally? I would say most of you on here will say don't invest in them, etc. The market needs to crash first, etc. I've heard of investors still making a killing in these markets. +There have been markets on the coastal cities, southwest, southeast where markets have exploded. People are obviously doing deals there. What the reasoning behind paying double what somebody already bought a year ago? Type of investor? Can smaller guys still find deals in those markets? How do you approach those types of markets mentally? I would say most of you on here will say don't invest in them, etc. The market needs to crash first, etc. I've heard of investors still making a killing in these markets. +So some people may have seen my two previous articles and videos on MyX network and how its connected to at least ~10 other projects which were PnD pretty much. + +People here and elsewhere didn't care about that, long as code checked out + +In this video https://www.youtube.com/watch?v=9VFWTornCGI + +I am demonstrating exploits that were implemented inside HourGlass contract (that is not public btw) meaning there might be rug pull inside it or something devious like a minting process. https://etherscan.io/address/0x40432844506f3a51c266ecabad2beb23cad27f66#code + +Also "whitelist" command which admin used and can use infinitely in future if he so desires, to whitelist hes accounts, which hold in total at least ~35M mYX as of right now. Meaning that he is not paying any burns when he stakes, sends to hourglass contract, when he transfers or unstakes. So technically all people who got duped in are paying burn fees while he just gets to accumulate much as he wants. + +Also there is several unoptimized parts of the code which will cause withdrawing divs up to 20-40$ if another congestion wave happening inside Ethereum. It Needs to be said that since my initial video, amount of transactions has gone deeply down and so has the volume since we have started to expose this project + +Influencers like bitboy and wendy have yet to reply on the matter and seems like damage control as of right now. +Houses, stocks, crypto. Every market is on fire and minting new millionaires and billionaires left and right. Doesn’t it feel like your FI number needs to increase as well? +What a turnaround. I started writing a piece about why we shouldn’t mind KYC unless we’re criminals, and through my journey, I realized I was totally wrong. + +First, there’s a data breach; once a hack happens on all KYC data, the amount of info they will get would be astounding. They could literally take your ID and sell them to identity thieves if they don’t use them themselves. + +The second is that all of that information you supply can be used against you without a warrant. Of course, if you are not a criminal, you think you have nothing to worry about. But there are more instances than not of people being wrongly implicated in crimes. + +Third, people have to go through a lot of fucking shit to provide the necessary assets for KYC, and some people don’t have the means to do that. + +This was definitely a lesson in DYOR for me. A total turnaround in viewpoint. +I'm wondering how others here have gone about their wedding expenses and keeping FI in mind. + +I'm getting married soon(yay) and seeing some of the expenses that go with having a wedding clash against my FI mindset. + +I know I could have a wedding in a backyard with close friends and family but my fiancee(and me to a lesser extent) also want something that we'll remember for the rest of our lives. + +It sounds like the average cost of a wedding is 26k which just sounds outrageous to me although we recently booked our venue(just under 5k) and doing some of the math in my head, we'll probably end up at 10-15k or so which is quite an expense for one day although the planning aspect of it will take over a year. + +My girlfriend is pretty frugal but this is one thing she wants and I certainly have no issue giving her that(I spend my share of money on stuff like high end restaurants that she doesn't really care that much about) and we'll likely get a good deal of that back in gifts from family and friends but it still seems so weird to me to spend 15k on just one day. + +I know that looking back at it, I'll probably be like - totally worth it - but in advance it seems like anything wedding related is just too much(both from a cost and stress standpoint) and sometimes I wish we'd just go to the courthouse, get married and have no party to celebrate. + +I'm super excited to get married and I'm not overly hung up about the cost(it's not like we're arguing or anything, I'm pretty much on board) but there's that little part of me that still thinks we're doing something dumb. + +Anyone have any thoughts to share on their own wedding experience? +Hi all, + +Today I paid off my mortgage in full today. + +It hasn't quite sunk in yet. After triple checking all the sort code, account no, payment ref details the bank member executed the transaction. The lady at the bank and the mortgage lender both said congratulations. + +Then I walked around for a bit on the high street and slowly started smiling. + +How I did it is fairly simple, I educated myself by reading various common articles, forums on the Internet (MSE, this etc) and I saved and saved. I overpaid each year by 10% and when finally I had enough in my bank account to execute the last big chunk I did it. + +It took me 7 years to pay off my mortgage from buying the property. I only realised only after the first year you could overpay a certain amount each year and the impact of Interest charges so this all goes back to educating myself about reading things. + +Without disclosing any numbers I just want to say I am not rich, I have a normal 9-5 job and live within my means. I am not easily seduced by marketing or peer pressure and normally assess if I really need something. + +Being in this position today hasn't been all that easy. There were bumps along the way. + +I was made redundant in the same time period, and few years later lost one of my best relationships, which I am still heart broken about. I've realised to celebrate the special occasions and let go a little bit and not be so strict. This is a lesson I wish I had learned before my relationship broke apart. + +But sometimes you don't realise certain things so they happen and you learn from such painful experiences. + +All in all I am realising the achievement as time passes, maybe it will sink in later. Thank you for providing good advice here and to the mods for maintaining a good community (I am sure you are reading this too!) + +Edit: The last big chunk was done when my term became flexible so wouldn't be penalised for it no matter how much I overpaid. I am in my mid 30's. + +:) +Hi all, + +Today I paid off my mortgage in full today. + +It hasn't quite sunk in yet. After triple checking all the sort code, account no, payment ref details the bank member executed the transaction. The lady at the bank and the mortgage lender both said congratulations. + +Then I walked around for a bit on the high street and slowly started smiling. + +How I did it is fairly simple, I educated myself by reading various common articles, forums on the Internet (MSE, this etc) and I saved and saved. I overpaid each year by 10% and when finally I had enough in my bank account to execute the last big chunk I did it. + +It took me 7 years to pay off my mortgage from buying the property. I only realised only after the first year you could overpay a certain amount each year and the impact of Interest charges so this all goes back to educating myself about reading things. + +Without disclosing any numbers I just want to say I am not rich, I have a normal 9-5 job and live within my means. I am not easily seduced by marketing or peer pressure and normally assess if I really need something. + +Being in this position today hasn't been all that easy. There were bumps along the way. + +I was made redundant in the same time period, and few years later lost one of my best relationships, which I am still heart broken about. I've realised to celebrate the special occasions and let go a little bit and not be so strict. This is a lesson I wish I had learned before my relationship broke apart. + +But sometimes you don't realise certain things so they happen and you learn from such painful experiences. + +All in all I am realising the achievement as time passes, maybe it will sink in later. Thank you for providing good advice here and to the mods for maintaining a good community (I am sure you are reading this too!) + +Edit: The last big chunk was done when my term became flexible so wouldn't be penalised for it no matter how much I overpaid. I am in my mid 30's. + +:) +Hypothetically, if the S&P 500 and other major indices fell to roughly 2008 levels, would this cause significant negative effects felt throughout the economy (layoffs, cost cutting, etc.)? What would probably happen within a few weeks or quarters? + +There's talk about how current economic numbers are not concerning, and no recession is on the horizon. Ultimately though, wouldn't a stock market collapse cause the broader economy to fall into a recession or depression within a relatively short period of time? +k thx bye + +edit: here is a link: +http://www.americanbanker.com/news/bank-technology/rand-paul-chides-naysayers-who-want-to-regulate-bitcoin-1073906-1.html + +Here is an article about his flat tax plan, which would eliminate capital gains taxes for individuals, but keep them for businesses: +http://money.cnn.com/2014/03/31/pf/taxes/rand-paul-flat-tax/ +So about a week ago I went to cancel my monthly gym membership. No big deal right? Everything went fine and I was all done canceling in about 5 minutes. Well a day later I go to check my bank statement, and those fuckers decided to charge me for not one but TWO months (no idea why), right after I had went up and canceled. + +I immediately called up and explained, and now they are reversing the charges. + +Long story short, stay vigilant when you cancel a service, and if someone charges you and they shouldn't have, call and ask for a refund. + +Granted it usually ends up being a small amount, but over a lifetime it could add up to be well into the thousands that I've saved by staying on top of these kinds of things. +I am going to start investing in ETF in my Roth and wanted to know which would be a better option of the two. When you look at it both pay about the same in dividends each quarter give or take a few sense. However, since I'd be reinvesting I wanted to know which would be the better outcome. I am 27 and cannot touch this for years to come and any advice would be greatly appreciated +The company has been bought up and the ex dividend date is set as Sept 30. So should we sell it after oct 17 - the date we get the dividend? + +Or hold it for some more time? +I been investing in the stock market for three years. I combind growth and dividend stocks. + +I was wondering why can't we just agree that Dividend King and Aristocrat stocks are the best way to go? +hello I am 19 years old and I have 500 dollars in a Roth Ira and 15k in a regular account. I been investing for about a year and it has become difficult looking at the total amount and thinking to my self "So much money for such little in return", my expected dividend income is $400 (30ish percent of my stocks are growth like Apple). I don't even see the dividend it's all auto invested back into he company. So here I am a 19 year old with no expenses and a job, the more my net worth increase the less I feel like I'm actually doing something with my life. What do you guys think I should do? All I see are numbers going up and down, I actually Haven't made any money that I can use. + +Edit- My fricking tittle, my brain auto read it correctly +I’m doing a research paper on the creation of multi-billion dollar cryptocurrencies and their history. One thing that’s been tough to find out is what Joe Lublin actually did to earn the title of “co-founder” of ethereum. There are some vague references I’ve found of setting up investment channels, but as he’s not a coder it’s hard to find out the details of his involvement. + +On Wikipedia, it lists him as a co-author along with Vitalik who wrote the white paper and Gavin who wrote the yellow paper. There’s also no mention of Joe in Vitalik’s “A prehistory of Ethereum.” +No bonds, less AUD exposure, lower MER. + +I’ve been sitting on this all night and now I’m starting to think, is this product superior to VDHG? + +It removed all the little things people didn’t like about VDHG. + +So what are your thoughts? Will you be picking DHHF? Or moving from VDHG? +Disclaimer: I don't have kids yet, not sure if I want them but keeping my options open. Of course, raising kids takes extra financial planning, especially for college. And if you're fat, well, you're not seeing a dime of financial aid. + +Recently I went down an internet rabbit hole looking at schools in Europe, and comparing tuition to schools here in the US. Holy crap, they can be much cheaper - e.g. ETH Zurich (where Einstein went to school) is less than $2k per semester. Colleges in the UK seem to be about 10-20% cheaper than your average-to-excellent university in the states. + +So I'm wondering: has anyone encouraged their kids to attend European schools for cost savings? Among other things, I think there would be great benefits - your kids basically get to study abroad for 4 years, visiting them is a vacation for you, and some carry a lot of prestige. What am I missing here? Are they much harder to get into than an Ivy League? Maybe your kids resisted going abroad and wanted to stay stateside? Does the cost of living in some of these cities make them just as expensive? +I know I am asking the obvious here but would love a different perspective.. + +Already doing: Maxing out 401k, using executive deferral plans, contributing to an HSA. + +My mutual funds and ETF's are kicking out a good amount yearly and I can't just sell them and move into something more tax efficient. I am looking for other ways to reduce a taxable burden. + +&#x200B; + +Edit: + +Current Income is 300K W2, 125 in deferred bonus, 140k In stock which is given as cash. + +Equities kick out about 30k a year in qualified dividends + +Bonds kick out 60k in tax free (federal) + +All bond proceeds are reinvested back in equities and save about 5k a month back in equities. + +No mortgage + +Maxing out 401k and do after tax contributions up to max + +Doing IRA --> Roth (6k) per year + +No HSA but will be next year + +\------ + +Question: Trying to be creative on how to lower tax basis. I know it is not possible, but my wish is to live off my bond income and defer everything else for a few years. Since that is not realistic, I was hoping there were other avenues I wasn't aware of. + +&#x200B; + +1. Thoughts on oil/gas exploration? (suggested by my friend through his CPA) +2. Not doing Automatic reinvestments (while this isn't a tax saving method, I will put aside the money for the quarterly tax payments). +3. Rentals +4. ~~Non-qualified deferred annuity (Ninja edit)~~ +Robert Breedlove has said this on a few podcasts. I shared with a friend who was skeptical. He dug in and found that this stat comes from the fed website. Per my skeptical friend this is misleading. + +He says that “printed” does not mean “created.” He says that printed more accurately means converting non physical cash into physical cash. + +Further, some economists say this is a sign of a strengthening economy bc banks are responding to patrons desire for more cash to spend. + +This last part seems highly debatable and dubious. But I’d love some feedback on what Breedlove was actually saying. Does “printed” mean “created” or only converted? + +Appreciate some thoughts. +I'm seeing this asked at least 3 times a day in this sub. This is mostly for you first time tax filers with W2 jobs and standard deductions. If you're filing anything besides a 1040EZ, this may not apply to you. + +The formula for your tax return is as follows: + +[Your 2014 tax liability](http://www.forbes.com/sites/kellyphillipserb/2013/10/31/irs-announces-2014-tax-brackets-standard-deduction-amounts-and-more/) - the amount of taxes taken out of your paycheck during 2014 = your remaining tax liability. + +If that value is positive, you owe the government money. If that value is negative, the government owes you money. + +If that number is not very close to zero, you should [adjust the withholding on your W4](http://www.irs.gov/Individuals/IRS-Withholding-Calculator). + +**EDIT: Yes, there are tax credits and special tax situations and interest deductions all sorts of other things. That's not who I'm talking to here, because if you have one of those situations, you already have a greater understanding of your taxes. I'm talking to the people who come in here filing taxes for the first time, have one W2 job, and are taking a standard deduction, and then ask "Did I not make enough money to get a refund?".** +I went to El Salvador with no expectations. When I first landed it felt hot, lovely. Had to wait for a friend so I grabbed the rental car, where they try and scam you for insurance, and went for a coffee. Friend arrived and we drove to El Zonte a.k.a Bitcoin Beach. + +The drive we thought we were going to be shot, not sure why but you hear stories. We didn’t get shot. Checked in the Airbnb no probs, no hot water though. + +Next day we drive to the beach for coffee and bump straight into Max Keiser and Stacy Herbert, said hi, Stacy was nice but Max was not interested, I probably wouldn’t be to be fair, especially when I’m after a coffee. + +Bitcoin signs everywhere, talked to a bunch of people and some knew about bitcoin but mostly not, felt like just a lot of travellers there passing through. I think all the stuff you see online you assume everyone is walking around with Chivo wallets but it doesn’t seem to be the case, maybe other places it’s like that but not here. + +We contacted some estate/realtor agents and saw two properties just to see what’s available, this place literally has nothing, when I say nothing I mean you’ll need to put water in, electricity, it’s so behind the times that most people here live in tin shacks by the road/river. It seems that there’s chancers there trying their luck to get bitcoiners to buy shacks but there really isn’t any point… the reality is you can’t either, not straight forward anyway as you’ll need a lawyer and even if you buy something you’re not 100% sure you own it, it’s confusing, plus the government has some rule where they can take property off people. + +My thoughts are this won’t be the future of Bitcoin, it’s so behind the times. The people were lovely, beautiful scenery, great weather but realistically this place will take 20 years to develop and in the next couple of years there will most likely be other countries adopting Bitcoin, countries which are already developed. + +El Salvador is definitely cool and will probably the Mecca/pilgrimage place for the future of where it all started to be accepted but I can’t see it being anything but that. I actually hope I’m wrong because it was first and deserves so much more but after visiting and seeing how undeveloped it is I’d be very surprised if people actually go there. + +If anyone has been to San Salvador and people are daily using their Chivo wallets then please comment, I hope there is more use of it as I read millions of people have them but whether they’re active accounts would be interesting to know. + +The last thing I want to say is this trip has made me realise how truly early we are still… one place is using Bitcoin and it’s underdeveloped. I can’t imagine what Bitcoin will be like when everyone is using it… it blows my mind! It’s so early. +While I'm not the biggest fan of centralized exchanges, I think it's still the best way for noobs to learn about crypto. In this sense, the trust relationship between holders and CEXs is crucial: when you buy BTC or ETH, you want the exchange to actually own these tokens. + +That's why I was very pleased to learn today that Kraken has [just launched a new way](https://www.kraken.com/proof-of-reserves/?utm_source=content+announcement&utm_medium=email&utm_campaign=por+announcement&utm_content=content+link&j=239745&sfmc_sub=49972818&l=227_HTML&u=3691634&mid=514004678&jb=121) for their customers to verify, with cryptographic proof, that their tokens are actually in their accounts. + +It's called "proof of reserves", and here's how it works. Twice a year, an auditor takes an anonymized snapshot of all balances held and aggregates them into what is called a Merkle tree, a private database that encapsulates all client balances. Some cryptographic magic happens (the actual operation is quite complicated to go over in this post), and voilà! Users can now verify their balances with a few clicks. + +**You don't have to take Kraken words for granted : they can prove to you they're actually holding the tokens you bought.** + +In full disclosure, I have to say that I've been a Kraken customer since I started in crypto, so I'm not entirely neutral. However, in my opinion, this kind of practice allows our ecosystem to gain credibility. The days of Mt. Gox and Quadriga are well and truly over! +I'm really happy for you :) + +... + +If you'd like a little unsolicited advice, read a bit further. + +1. Don't HODL. This is life changing money you have right now. But it won't do anything sitting in a wallet. HODLing is a meme and only applies to bear markets, not bull markets. If it's only paper gains, it doesn't matter. Unless it's secured, it's meaningless. Most financial firms have made their money selling too early. +2. Diversify. Crypto is great, but some projects actually are just better than others. If you like doge, check out LTC! If you want to kick it old school, maybe buy some BTC, if you want to change to medium term growth look into ETH, and if you want some long term holders, look into ALGO, ADA, DOT, etc... These later coins were all invented for a reason. They really just are better than the old coins in almost every way. +3. Don't blow it. Lambos are actually kind of shitty cars, and as someone who has owned some very nice cars, I can tell you right now I had more fun out of my miata and my MR2 Spyder than I did anything else. Figure out what you want, what purpose it serves in your life, and what the upkeep and maintenance costs are. Turns out that even if you can afford to buy a lambo, that doesn't mean you can afford to maintain one. +4. Don't tell you friends and family too much, and definitely don't give them money. It's tempting to brag, but mixing relationships and money is a bad idea. +5. Get a financial advisor. Even if all you did was pick up a cool 100k. Get a god damn financial advisor. I can't press this point harder. We're all financial morons around here who think we're geniuses. Go to someone who knows how to manage money. +6. Don't make any decisions about how to spend 95% of your money or what lifestyle changes might happen in the next 3 months. Life decisions shouldn't be made when you're experiencing extreme emotions. Blowing 5% is probably inevitable. But I swear to god, if you can't stop spending at 5%, you'll never stop spending and then it's all for nothing. +7. You're not a crypto genius. It's actually kind of hard to lose money in a halvening cycle. +8. Don't give other people financial advice, even if they ask for it. Friends and family might want to make some cash too. If they're successful, they'll take all the credit, but if they fail, you'll be the one they blame. Not worth it. +9. learn as much as you can about crypto. This is the future of currency, not a meme lord hype train. Think long and hard about what decentralized economics means to the world. No more dictators raiding the banks, no more banks writing laws that cause a financial crisis like in 2008, a more secure and trustworthy system of contracts and economics, a financial system which puts the power in the hands of the people instead of a select few who just use their money to make more money. +10. Don't grieve money you never had, dont day trade, learn how to spot a pump and dump, remember that DCA is the Way, etc... + +... + +Oh. And think about donating some of that money. There's a lot of people in the world who need it more than you do. The red cross, animal shelters, clean water efforts, etc... Would love to suddenly get a few extra bucks. And they'll probably do more good with it than you will. +I am posting in this community because I believe some of the audience here faced similar situations in the past. I made my first angel investment a year ago. Had zero expectations of making a return from it, my goal was to understand how this works, provide some support for the founders (which I enjoy a lot) and be better prepared for future investment opportunities. + +I put a few $'000s in the seed investment, and this company is going for a series A round. At my equity at the company (about 0.5%) and at the floor target price (pre-series A) my investment will return \~4x in a year. At least on paper. Not bad. + +Before the series A, the angel investors have the opportunity to have a follow on. While I know how the math works, I never had dealt with something like this before and I am not sure if I have full understanding of the consequences of going either way. My impression is that by taking the follow on I would effectively double down on an investment that already surpassed my expectations (again, 4x ROI while I wasn't expecting anything), but maybe there are other benefits of not diluting my equity that I am not aware of? + +Thank you! +Backstory: Came into the right company at the right time, did very well in an AE role. Was lucky to be fast-tracked to management and 2 years after starting with them, am close to earning a Director title. Should I get an MBA? 27, married with a newborn child. Current OTE is $200-210k this year and plateaus at this company pretty hard to where $250k is pretty much the ceiling with zero stock options/equity. + +Longer version is I’m wondering if an m7/t20 MBA is worth going for (if I can get in) or if I should just keep trucking professionally. In my current role, I already actively handle biz dev, hiring/training/development for all AE’s in my region that I built from scratch, manage P&L, still play a big role in enterprise sales, among the other bits and parts of sales mgmt. I’d probably move out of this industry into the software space within the next year or 18 months if I don’t pursue the degree. + +I guess the tl;dr I’m asking for is if my resume/experience will outweigh standing pat for a couple years to go get the degree. I’m asking here because I aspire to live that fatFIRE life by the time I’m 40 or 45 and am hoping that at least a few of you here got there through sales. Really appreciate any insight! +Working at a 5B Silicon Valley company, and I may be encouraged to look elsewhere in the coming months. I currently have 5M net worth, 3.7M in investments (401K, IRA's, RSUs and company stock), house is worth 1.2M with a 450K mortgage, and a rental property worth 600K with a 200K mortgage. The rental property brings in $800/month net profit. + +&#x200B; + +I do also have 2 college educations coming up in the near future, which is why I wanted to keep working as long as possible, but I'm fearful that decision will be taken out of my hands. I believe I'm in a strong position to retire early if that comes to pass, but I wasn't looking for it. + +&#x200B; + +If I do end up leaving, I'll spend the time looking for more rental properties to purchase or open a franchise business (my husband owns a franchise which I'm not including in our net worth calculation. + +&#x200B; + +Just typing this all out to make myself feel a little more secure. +https://www.theguardian.com/world/2022/nov/05/chinas-unswerving-zero-covid-rules-see-no-let-up + +This could actually be a good thing for us. Commodities took a rip on Friday, apparently based on the speculation of China coming back online. We don't need commodities to be ripping given the inflation situation. Additionally, several of the talking heads on bloomberg have been saying the 'supply chain issues' are largely smoothed out now, even with China in lockdown. + +If they want to flush their economy down the shitter, let them get on with it I guess. +Chilean equities are taking a big hit today after the country's voters overwhelmingly chose left-wing and independent candidates for the country's upcoming constitutional convention, rather than those favored by the ruling center-right government. + +Major losers include Sociedad Química y Minera de Chile SA (SQM), the world's largest producer of lithium; Embotelladora Andina SA (AKO-A; AKO-B), one of South America's major Coca-Cola bottlers and distributors; electric company Enel (ENIC); and Banco Santander Chile (BSAC). + +Any new constitution proposed will have to be approved by voters in a referendum, likely sometime next year. If voters reject it, the present constitution, dating back to the era of dictator Augusto Pinochet, will remain in effect. +This is more a commentary on the sub meta, but overlaps with a lot of online societal issues. Being one hundred percent sincere, a lot of you are showing signs of radicalization and genuine cult like behavior over meme stocks. + +This sub has always had its in jokes about gambling addictions and going long on $ROPE that alluded to some real life issues members would occasionally experience, but this is different. Ever since $GME, this sub has morphed into a genuine echo chamber which is fed by bot farms giving individual investors a false feeling of social support and acceptance for logically indefensible investing habits. Lets take a look at $BBBY. The CFO was witnessed by his wife committing suicide and the conspiracy theorists are already running out theories that this was to cover up nefarious activity by short sellers rather than just a man giving into despair. If you are looking at these theories and using them to justify continuing holding bags in $BBBY, I am talking to you. You need help. Talk to a friend or family IRL, delete reddit for a while, and just decompress. + +This is a sub for making money. If your DD stops being about earnings reports and trend analysis, and starts being about international financial conspiracies killing the executives of a failing retailer, rethink what you’re actually doing and how you got here. + +Edit: The cultists have found me out. I’ve spent years undercover on this sub in preparation for this very piece of FUD. It’s just here to hold them back from that glorious moment that is definitely just around the corner where they will make millions, the hedgies will go bankrupt, and the NYSE and SEC will do nothing to stop the stock market erupting in turmoil. +I opened up the letter between RC Ventures and GameStop. **DAMN** is our boy RC under some pretty strict scrutiny with the standstill period. There some legalese in here that I'll try and break for you to keep it simple. + +We know he couldn't speak much, hell we even knew why. **I didn't expect it to be this restrictive though. This is me showing WHY it isn't as easy as:** + +***"Ryan Cohen better talk soon"*** + +&#x200B; + +Okay so straight up, I tried my best not to misinterpret anything. If I did, of course lemmme knowwww. + +**Further point - this is explicitly about Ryan Cohen. GameStop could speak and they don't. I'm explaining why RC can't.** + +[For your own research, here's the filing.](https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm) + +I will **bold** the important bits :) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Buckle Up + +&#x200B; + +>*RC Ventures agrees that, from the date of this Agreement until the earlier of (x) the date that is thirty (30) calendar days prior to the deadline for the submission of director nominations by stockholders for the Company’s 2022 annual meeting of stockholders pursuant to the By-Laws or* ***(y) the date that is one hundred twenty (120) calendar days prior to the first anniversary of the 2021 Annual Meeting (the “Standstill Period”), RC Ventures shall not, and shall cause each of its Affiliates and Associates not to, in each case directly or indirectly, in any manner:*** + +&#x200B; + +**Ape - There is a standstill period. RC Ventures ( including RC himself) can't do the stuff outlined below until 120 calendar days before the June 09th 2022. (or 30 days before director nominations whichever is earliest. We have a new date boys and girls.** + +&#x200B; + +>*acquire, seek or propose (publicly or otherwise) or agree to acquire, beneficial ownership, directly or indirectly and acting alone or in concert, whether by purchase, tender or exchange offer, through the acquisition of control of another person, by joining a partnership, limited partnership, syndicate or other group, or through swap or hedging transactions or otherwise, any securities of the Company or any rights decoupled from the underlying securities of the Company that would result in RC Ventures (together with its Affiliates and Associates)* ***owning, controlling or otherwise having any beneficial ownership interest in or aggregate economic exposure of more than 19.9% of the outstanding shares*** ***of Common Stock;*** *provided*\*,\* *however*\*, that RC Ventures agrees that, immediately upon RC Ventures (together with its Affiliates and Associates) acquiring beneficial ownership, or becoming the beneficial owner, of 20.0% or more of the outstanding shares of Common Stock without prior Board approval,\* + +&#x200B; + +**Ape - Lots of words just to say, Ryan you can't fuck about trying to funnel money around other companies to obtain more than 19.9% of GameStop. However, when this little period is done? Go right ahead you beautiful man.** + +&#x200B; + +&#x200B; + +>(vi) (A) make any proposal for consideration by stockholders at any annual or special meeting of stockholders of the Company, (B) make any offer or proposal (with or without conditions) with respect to any merger, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, business combination or other extraordinary transaction involving the Company, (C) solicit a third party to make an offer or proposal (with or without conditions) with respect to any merger, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, other business combination or other extraordinary transaction involving the Company, or encourage, initiate or support any third party in making such an offer or proposal, **(D) publicly comment on any third party proposal regarding any merger, tender (or exchange) offer, acquisition, recapitalization, restructuring, disposition, business combination or other extraordinary transaction with respect to the Company by such third party or** (E) call, seek or request (publicly or otherwise) a special meeting of stockholders; + +&#x200B; + +**Ape - This is the juicy one. PUBLICLY COMMENT ON ANYTHING. Judge us on our actions not our words. Well when you can't say shit that's all we got.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**Trust me there is more. Can't influence stock voting, shareholders, anyone with respect to directors. Have a look for yourself.** + +**Now he is the Chairman, does this change? I don't think so. If it did, I'm sure he'd finally be out there talking.** + +&#x200B; + +**New date?** (*Edit - get jacked for every date. If you do jack, jack responsibly).* **February 9th, 2022. That's when the gag is released. That's when he gets his 20% stake. Will we MOASS before? Who knows.** ***Hodl and find out.*** +After panic selling everything at 6k and entering at December ATH, the formercoiner is even more viscious than the nocoiner. They are filled with a dangerous combination of embarrassment, guilt, self-doubt, and envy. They can't bring themselves to buy back in so they spend their time trashing Bitcoin so their losses never exacerbate further - and they are everywhere. + +EDIT: Perhaps a better name comes from Spajn in the comments: XCoiner +Maybe i'm reading too much into it but i think their last play is getting prepared right now. Short hedge funds know they lost and that GME will squeeze and they figured if the ignition can't be stopped maybe they can get the public to extinguish the fire they caused. + +This huge pump and dump that happened, that media claims to be the result of retail investor coordination(again) is their final play. Maybe they get some cash directly from it but honestly i doubt it with how fast it went up and down again. + +&#x200B; + +No they wanted the following: + +Aggressive articles like this one from [CNBC](https://www.cnbc.com/2022/08/03/the-300-billion-meme-stock-that-makes-gamestop-look-like-childs-play.html) paint us in the worst light possible, claiming it got pushed by Redditors even tho it can be fact checked so quickly that this is not the case, they simply don't care. + +They really want to push the retail investors are evil narrative and literally everyone is sharing it(bloomberg, cnbc and even world wide media) + +&#x200B; + +[Are they calling for action? i wonder how that should look like in their eyes..](https://preview.redd.it/wak2hpxtypf91.png?width=675&format=png&auto=webp&s=e3951d3d8c163d7e3517cc4f4c84bb4ceda538ce) + +Their goal is to have the perfect reason for the public to stop the MOASS mid air. Yes i know if we hold the shares in our own names they can't take them easy. But if they can convince the public that we are the bad greedy people isn't there a small chance that they would forgive the hedge funds (because they might think we "attacked" them). + +&#x200B; + +I don't want this to be interpreted as FUD even tho i already know people will claim it as it anyways. + + +This smear campaign isn't pushed for no reason and with the power the media holds i really struggle to come up with a solution how i could show the world whats really happening right now. +I'd like to generate a discussion on what and why you think is the next promising ICOs without resorting to "pump" candidates or ones that are blatant cash grabs. Keep it thoughtful! +Last Friday I went out and I payed with it at a party venue. The guy behind me saw it and asked about it. He told me it’s impressive for a woman to have knowledge of how investments work, especially ones like crypto. + +Aaaand we have a date this week. + +I could imagine the reverse happening for woman too, if I saw a cute guy paying with a crypto card and myself being an investor too, its like having a really rare common interest. + +Crypto is such a flex for real, use it people! ❤️ + +Make profits and make love 🥰 + +Edit for the offended: + +- A survey by S&P Global found that only 26% of American women have money in the stock market. Even less in crypto market. And even less in the European Union since it’s less common here. I would say 10-15% of European women has crypto investments. He meant that it’s nice that I belong to this small percentage. He did not meant that because “I have a small brain”, it’s a big deal. It’s simply because of the percentages of women involved in it. + +- You don’t know the details. You don’t know how the talk went on, you just assume by one sentence. Which actually translated from an another language so it did not have the same meaning exactly. + +- It’s not healthy to assume bad right away of an another human being. Don’t judge. + +- I posted this with a totally different intent. To give you an example of how you can build relationships/friendships with a common rare interest. + +Just stop being hateful, I can’t really imagine why people are looking for a chance to spread negativity on someone’s happy post. This is the last time I comment about these “he is a sexist pig” replies because simply I don’t agree with you, I was there in person and you are simply making a big thing out of nothing. +Last Friday I went out and I payed with it at a party venue. The guy behind me saw it and asked about it. He told me it’s impressive for a woman to have knowledge of how investments work, especially ones like crypto. + +Aaaand we have a date this week. + +I could imagine the reverse happening for woman too, if I saw a cute guy paying with a crypto card and myself being an investor too, its like having a really rare common interest. + +Crypto is such a flex for real, use it people! ❤️ + +Make profits and make love 🥰 + +Edit for the offended: + +- A survey by S&P Global found that only 26% of American women have money in the stock market. Even less in crypto market. And even less in the European Union since it’s less common here. I would say 10-15% of European women has crypto investments. He meant that it’s nice that I belong to this small percentage. He did not meant that because “I have a small brain”, it’s a big deal. It’s simply because of the percentages of women involved in it. + +- You don’t know the details. You don’t know how the talk went on, you just assume by one sentence. Which actually translated from an another language so it did not have the same meaning exactly. + +- It’s not healthy to assume bad right away of an another human being. Don’t judge. + +- I posted this with a totally different intent. To give you an example of how you can build relationships/friendships with a common rare interest. + +Just stop being hateful, I can’t really imagine why people are looking for a chance to spread negativity on someone’s happy post. This is the last time I comment about these “he is a sexist pig” replies because simply I don’t agree with you, I was there in person and you are simply making a big thing out of nothing. +I was thinking about this whole Dust discussion and this would be a nice little game next to all the other crypto emotions. I don't really care that much about my dust as it's not a lot compared to the volatile market out there. But all added together it could be a pretty big amount of money which could be sold out to a lucky winner each month/end of week/whatever fits best. +Hello all, I'll try to be as brief as possible. + +\- 30 years old, currently making 87k as a mid-level software engineer- Take home is 5k a month (after taxes)- Purchased a home in 2016 for 85k- Home is now worth 150k+ (based on comps)- Owe 71k on the mortgage loan- Few remaining payments on car loan left (totaling $600)- No other debt- Car insurance, utilities, other bills total about $400 a month- 90k in savings + +We have always casually looked at homes, and just recently came across one that was a newly built in 2021 with high-end finishes, listed at 439k. Just out of curiosity, we went and looked at it. It is totally move-in ready other than a fence for our dog. The sellers are motivated and willing to let it go for 435k with some furniture included. I was pre-approved for a 450k loan at 2.875% interest. Knowing that I can use what I make off of selling my current house, plus some of my savings, I could comfortably put down close to 100k as a down payment, avoiding PMI. The new home has an HOA of $35 a month. + +I've been thinking about it for a few days and I am still questioning whether this would be the right move, and I'm curious what you all think. Any advice would be greatly appreciated. + + +EDIT: Thanks to everyone for the advice and feedback. The clear consensus is that I'm not in the position to afford it right now, as much as I wish I could. +It’s not a lot of money, and I’m going to increase it when I have a better income but I’ve been thinking about this a lot. I honestly think Bitcoin will continue to grow and instead of meticulously buying the dips and HODLing, I’m going to treat it like a mutual fund or an index fund because I think the curve will keep climbing over the course of decades. Does anyone see something I don’t and think this is a bad idea? + +Edit: wow thanks for all the replies and positivity everyone! You cleared up my doubts lol. Best of luck to you all! +***edited to address somr of thr most common comments i am getting :) + +Clarity - I am in Canada not the USA. I am a female. Late 20's. Small rural community on an island. + +In my early 20's I made many foolish decisions financially. I grew up poor and didn't know anything about money. Now that I am in my later 20's I am paying the price. Literally. +So I started working on ways to save money, make more money, make my life simpler, live within my means, and work towards eliminating a certain portion of my debt and possibly consolidating the rest in a debt counseling program. +But mainly what this post is about are some simple ways to help people get started, or make a difference. +Maybe you have thought of some already, maybe not, but if this helps anyone out even a little, then it is worth my time typing it up! + +In no particular order, these are some steps I have taken since the beginning of 2016. For clarity, I am a Canadian woman. + +~switched to a no-fees bank account, that also pays interest. So I save money, and I make a little extra from the interest. Every dollar counts. +My old bank was charging me $14.95/month for my checking and savings account. No interest paid. Charged for checks, and charged for services such as a Stop Payment. +My new bank (Tangerine) charges $0/month for my checking and savings. They pay a small amount of interest on balances in checking and savings. First book of checks are free. 1 free stop payment a year. +Overall this saves me about $200 a year give or take. And i am not sure what the interest will be but more than 0 so it is good. + +~Called both of my credit card companies and asked for the lowest possible interest rate. Both were able to do so. +Card #1 lowered my interest rate from 19% down to 11%. +Card #2 lowered my interest rate from 19% to 11.9% with a once yearly fee of $60. Just goes to show you it never hurts to ask. Communication is key. ***Most companies would rather help you, or make a payment agreement with you, than pursue your account and send it to collections <---- they will lose money if they do this. + +~Went meatless. Look it's not that hard. It is so much less expensive. Fresh fruit and vegetables are cheaper than meat where I live. Yes I get more than enough protein and I am incredibly healthy and fit. I can make many delicious meals. +You also tend to spend less going out to eat because there aren't as many options. This is a good thing. Good for your health and your wallet. No fast food. No chain restaurants. I REALIZE THIS IS NOT FOR EVERYONE OK THANK YOU :) but it can help some people. + +~Sell items I don't need or want. 2 Lululemon hoodies. Dirtbike gear that I likely would not use again. Etc. Used the money for sensible things like groceries and my overdue credit card bill. + +~Get a cheaper cell phone plan! Another one of those "at least you can ask" scenarios where your provider may give you a deal if you've been a customer for a long time. If they don't, shop around until you find a good deal. The BEST times of the year to do this are "back to school" (late aug - late sept), or Black Friday (this is usually a whole weekend of deals in store and online), and Christmas. Often $0 phone deals, good plans, extra data especially around back to school. You can also search online for deals. + +~this one may not be for everyone but I needed a bed, and I did a lot of research... ended up buying a hammock and a stand instead of a mattress and frame. OK WAIT. I know it sounds odd but... the whole setup was $250, *edit - i checked my receipts and it was $166.87 CAD. It saved me a lot of money. & my back is fine thank you to the many commenter who were concerned about that. But there are entire countries where a hammock is normal for a bed and they all can still walk and function. I appreciate the concern however. Thank you all. + +~take people up on their offers to help. Really, my friends and family have been great. They often offer help (I don't mean give me money) and I rarely take it. But this year I am trying to change my ways. A friend offered me a few months rent free in his apartment. It's fully furnished except the bedroom I'd be in. I accepted and am eternally grateful. For my birthday my dad offered instead of a tangible gift (I didn't want gifts anyways, and I am trying to cut down on "stuff") that he would pay off the remaining $500 on a student loan I took out in 2007 and had paid down from $10,000 down to $500 in 2016. That loan is now eliminated completely from my monthly bills. This also isn't for everyone. + +~Cancel your gym/yoga/pilates/karate memberships. You can do almost any workout at home using your computer and YouTube. Its free. I'm assuming you have the internet of course, but most do You can also make a one time investment in a dvd or two if you don't want to use up data or you'd rather use a TV and can't hook up your phone or laptop to it. You can fill old milk jugs with water and use them like kettlebells. You can do squats, lunges, jumping jacks, burpees, pushups, yoga, planks, and much more without any equipment at all. Maybe a mat and again that would be a 1 time investment. Sometimes if you can't cancel the agreement you can transfer it to someone else. I have done this in the past using Kijiji. This will save you on average $50/month, or $600/year. IF YOU ARE A GYM LOVER I GET IT OKAY :) You don't have to do this - I hope to re open a member ship when I can. It is a temporary money saving tactic for me. Best of luck on your gainz. + +~Assess your car insurance. I went in to renew my insurance and was able to get it from $140/month to $109/month. I could save even more ($29 finance fee & %2.5 interest) if I purchased the insurance all at once, and didn't pay through monthly installments, but I do not have that much cash set aside unfortunately. ***This reinforces the often pointed out fact in Personal Finance threads that having personal savings is just as important as paying down debt. + +~Get a 2nd part time job. I am working 2 jobs with strange hours right now. So I have applied for 2 jobs in the hopes of getting another (3rd)one to supplement my income. One of the jobs is a part time overnight stock position - not terribly exciting or rewarding BUT it is not forever and it is extra money. The other job is only for 2 months but it pays well, working for the Federal Census (big survey Canada does to discover info about demographics). Fingers crossed. If I get neither of these positions then I will continue to apply for other similar ones and work as much as I can in my original job as well. So I am trying to bring in extra money. + +~change the way you give gifts. I am trying to give people less "stuff"... consume less. So I sometimes make a donation to the SPCA in the name of the gift recipient. Or to a cause close to that person's heart depending on their individual personalities and life experiences. Or I buy some groceries and we make a meal together. Or have an "everyone bring 10 bucks" party and order as much vegetarian take out we can get with the total. (may have to adjust a bit depending on where you live but you get my drift) this is also not for everyone I get that. My circle is ok with this. Not everyone will be in the same boat. + +~make an honest budget. get out your calculator. Make all those columns and lines. Fill in every little thing. All your bills. All your vices. How much do you really spend on groceries? (Hint - look back through 1 month of bank statements, you can do that on any banking app, any mobile website for your bank, any paper bank statement) How much cash? where does it go? Gas stations for fuel? Get areal clear picture. It will help you. Remember, keep 10% minimum of every paycheck aside in a savings account for you - whichever one will give you the highest interest rate while still allowing you access to your funds (and I always have a few rolls of loonies and a few 20's stashed as well just in case) and incorporate that into your budget. + +~consider seeing a non profit debt counselor. They can often help you lower or eliminate your interest and other fees, consolidate your debt into one monthly payment instead of spreading your money between all your debts and trying to just make the minimum payment on everything. *Note - some debts, such as student loans, are not eligible for this service. Please do the appropriate research. + +~stay away from shopping malls and TV. Malls make you want ot spend money. Don't go places where the temptation will be great. TV commercials make you want to spend money. They are designed to do so. You don't need any of that crap. It is not as important as what you are saving and working so hard for. Opening your own business. Taking a program at College. Going on a trip. Being debt free. All of these things are more important than a new shirt or the latest shoes or KFC or the latest cell phone... + +~Walk more. I have a car. But I live within a reasonable walk to a Loblaws Superstore (kind of like Wal Mart for those of you not in Canada) & a pet supply store (for dog food). Save the gas. Save the wear & tear on your car. + +~if you're partnered, do free or very cheap dates. Fly kites somewhere cool. If you don't have a beach you might have a cliff or the roof of a bulding... flat roof... haha. Make a craft. Have a cook-off. Go for a walk where 1 of you is blindfolded and the other one has to guide you over obstacles. Do chin ups on the monkey bars. Go to an open mic night for music and atmosphere. Read aloud on the beach. Go for a drive somewhere to watch the sun set. Write down your goals and then burn them off a candle flame into the wind. You know just think outside of the box. + (I am single and not interested in dating for a while when I'm sorting out my life so idk just suggestions) + +Most of all just don't give up and keep making changes in small ways and you will get there. I was so hopeless a year ago and now I am starting to feel better. Things are starting to look up. I am still in a huge amount of debt but now I have made a dent in it and have a plan to continue doing so. I am able to sleep better at night knowing I am really doing everything I can think of to make my situation better and I am constantly looking for new ways and new ideas. +Like I said not everyone can do all of these things but everyone can do at least 1 or 2 of these things, even right now, today, after reading this, you can do some of these things right away. Don't procrastinate. And keep your chin up. +=) + +edited - clarity + +*huge thank you to everyone who left supportive comments. I have been struggling for a long time and feeling very ashamed for getting so deep in debt. +I apologize for not posting in /r/frugal +I would like to preface this post by stating two indisputable facts: I am an xxx ape and I will be moving at least half of my funds out of BoA. + +However, I believe a lot of the FUD surrounding BoA is exaggerated, although well deserved. Also, please note that I was an employee of BAML (Bank of America Merrill Lynch) for a number of years so I do have some unique insight. + +**Potential Myth #1** + +*BoA is closing consumer branches due to MOASS* + +Just because they are closing branches in droves does not mean it has to do with MOASS nor does it have to be because of something sinister at all. It could actually be a well calculated business move on their behalf aimed at driving profitability. I mean look at our beloved Gamestop...what are they doing? Closing physical locations. And what do we do? Applaud them for it (and rightfully so). But look at Square's Cash App, do they have physical locations? + +**Potential Myth #2** + +*Since BoA is selling a few commercial properties they must be liquidating for an incoming black swan.* + +BoA regularly sells their properties just to rent them back from the new landlords. This generates cash flow & liquidity. Liquidity?!?!? They must be needing cash because of MOASS! Well since when has it been bad to generate cash flow? And what better time to sell then during booming times in real estate. + +**Potential Myth #3** + +*Because BoA is Citadel's prime shorting broker, that $57B will blow up in their faces.* + +As of 6/30, BoA reported $3.03 trillion of assets on their balance sheet. That 57 billion is 0.2% of their entire balance sheet. That's like having one stock in your portfolio going to zero, bringing your account down from $10,000 to $9,979. OMG. Now, I get that there could be a contagion like event that ripples through the markets, but to what extent? That is such a small percentage of their assets. + +All in all, I don't believe BoA will be going under, but as an account holder there I am preparing for it. + +Please limit the hate just because I am trying to think of this from all angles. + +I love all you retarded fucks regardless. +Hi, so as a person in 20s, I went to make a bank account with Westpac today, after hearing about the HISA account of 3% rate per annum. + +The rate is already so attractive compared to other competitors. On top of that, they gave me a little gift (a cute pouch) and told me that if I meet their criteria (i.e. depositing $500 and making five eligible purchases), they would also add $50 to my account for the first month. + +I have bank accounts with ANZ, Commbank, Ubank, but I feel like this is quite unusual. Is it a way for them to draw us 20s in? How can they do a higher rates savings when other banks are slashing the rates? + +Edit: Thanks for thoughtful replies everyone. +Im a physiotherapist and i pretty much get jack all perks in my job but i do meet loads of people some are really interesting.... + +I had a patient the other day who said his wife had been given business class (for the whole family) tickets to go speak for a few days at a University in Europe (I think Holland). + +The return date was up to them and the days the wife was speaking the family would be put in a 5-star hotel and everything was paid for during that duration food transfers etc. + +My patient said he was very lucky his wife does this at least once a year and he and their son often got and treat it as free holiday whilst he wife is working. He said they usually stay an extra week or two so his wife can also enjoy some time in Europe before returning home. The best part was his wife also got paid loads of money to do it he said!! - i told him well done that is awesome! but if im being 100% honest i was jealous af... + +I had another patient last week tell me a friend of hers (husband and Wife couple) are owners of some big shot business in the city and as a 'thank you' to the general manager they brought him a 200k car (not sure what brand but i'd say it was a merc from what he described). + +I appreciate im lucky to have a job and all that jazz but it got me thinking what have people here got for free what amazing perks do you get from work as a 'bonus' that wasn't necessarily part of your remuneration structure. +Thanks to the forum. Got a lot of good advice on short term plays for this week. Decided to YOLO this stock and bought in yesterday at $19. Went long 7,000 stocks. Took 28,000 in profits today after it hit 23.20. +Appreciate all the free and helpful advice on this forum. +Thanks and Happy Thanksgiving from Canada. +Don't know if this is strictly ukpf, please point me to a better sub if not. + +I originally setup an Ltd for a side project I was working on. I have a different business idea which I'd like to work on, and I also want to start tutoring. Is it fine to house all 3 of these income streams under the one company? + +Cheers +This is my first post here, but I actually meant to make this post earlier when SOL went down for 17 hours in September. + + I was very enthusiastic about solana and I was on the verge of buying a bag of SOL several times. + +The first time the system went down, I still thought to myself that this was going to be a one-time error. I did lose a lot of faith in the blockchain, but I found the concept of "proof of history" very interesting, so I was still interested in the coin. +This was followed by the large price increase and the necessary hype, which caused the price to rise even more. SOL was quickly in the top 5 cryptos and took over ADA's spot easily. + +Suddenly, in September the system goes down again for several hours. I thought this would be the end of SOL. This was when I was extremely surprised that SOL's price remained stable and even continued to climb quietly. I didn't understand. + +But when the ddos ​​happened and the system was down again recently, I really really thought that SOL was going to plummet (especially in these difficult times full of uncertainty). This STILL didn't happen. + +I honestly wonder how it is that SOL is still in the top 5 cryptos. +Okay, you need to have constant tenants, but if its in a good place it shouldnt be a problem. I understand that in many countries apts are so expensive you cant get back the price in 10 years, but here you could. Whats the catch? +My parents have been in a financially abusive relationship where my dad controls all the finances, including credit cards in my mum's name, debts, her salary, etc... + +She has no idea how much money are in any of the accounts, my dad is not good at money management and he used to have a gambling problem (I suspect he still does), so she's squirrelled away some money over the years. They're both reaching retirement age (<5 years) so she wants to pay off the last of the mortgage with a lump sum she's saved up (£15k). + +My dad told her he called the mortgage company and tried to pay it but they asked lots of questions about where the money came from, and he got annoyed with the pestering so he hung up. I am suspicious of this and would like to know if a mortgage company would normally make it difficult to make an overpayment? + +I suspect he wants to spend the money instead of putting it toward the mortgage so made an excuse as to why he couldn't pay it. I don't have experience with mortgages myself so I'm not sure if it's standard procedure for providers to do this. + +Thanks in advance! + +&#x200B; + +EDIT: Thanks everyone for responding. I hadn't considered money laundering so that makes sense - though as many of you mentioned, it wouldn't have been difficult to explain the source of money. I'll relay this info. + +Re leaving: My mum doesn't speak good English, which I think is taken advantage of to maintain control over her. I've made it clear to her many times that leaving is an option and I'll support her but she's adamantly refused. I think she's been made to feel dumb and incapable over the last 30 years so she's not confident she can survive without my dad. It breaks my heart + It's hard to see how it will die, but all things eventually do. Facebook is so integrated in so many facets of life, and it's only getting deeper with each day that passes. FB is beginning to make amazing hardware like Portal (yes portal is amazing tech) , and Oculus HMDs, and integrating it with the ecosystem. FB is 1st in virtual reality, 2nd in artificial intelligence (behind google), and somewhere in the top 4 for augmented reality, so you can bet the FB ecosystem will be integrated in the most important technologies that emerge over the next 10-30 years. + +FB will officially become the place you visit your deceased family members/ancestors to reflect on their lives, so there will be emotional/historical attachment to the platform. The nature of the social media business is some what of a natural monopoly (or at least oligopoly), in that the value of the platform raises the more people that on there. Upcoming regulation will make it a lot more difficult for any would be start up to compete. What do you think? +Hello, I will be applying to algo trading firms later this year and have been teaching myself Python as my programming skills are severely lacking. + +Just wondering, what are some tasks one might need to do on the job in Python? Outside of data wrangling / research. Asking so I can orient my studies towards learning the prerequisite libraries + +Obv this will vary depending on the scope of the firm youre applying to, but just curious to get a basket of ideas here. Thanks! +Could someone help me to understand the difference between optimization and overfitting? What should I avoid doing to avoid overfitting my algorithm to the sample data I am using for development and testing? +Hi all, + +I recently created a python script for a custom indicator and plotted it using matplotlib, however I was considering creating a full GUI because there is some other indicators I would like to include. + +My first question is, if was creating this GUI would python be sufficient? I was considering making the switch to C# since the execution is faster, since I would be using live data for one of my indicators. (I am more comfortable with python) + +My second question is where to get my option data from, I need to pull a FULL option chain for an underlying (all currently available strikes and expires) including Greeks then make calculations using these values and plot them in as close to real time as possible. I am currently using the IBKR API which has been a struggle to pull a full option chain, is there a better source for this data? (Side project so not looking to spend a fortune) I am also Canadian so my brokerage API options are limited. I am also looking to pull time and sales data for a FULL option chain, which again is a struggle with IBKR. +I think ETH has a great 2018 coming up, but concurrency is going to be big. EOS, Neo, Ark, etc... all promise better technology. Do you think Ethereum will be able to catch up? And if yes, why? These days everyone i know is crying about ETH being slow (just for a single kitty thing, imagine many of them...). How will they avoid more periods like this? +I don’t think the first mover advantage is any important, only bitcoin has that cause it has became the digital gold, so people care only about brand and name, for ethereum it isn’t the same. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Hello Reddit, I'm HowItrytoFI and I'd like to share my story as it is so far, this may be a longish read, tl;dr at the bottom. I am not a high-wage tech earner, I'm just some dude in middle America trying to make it by and I'm proud of myself so far. + +From a very early age financial responsibility had inadvertently been instilled into me - mostly from my parent's fighting and then eventually divorcing over what seemed like money issues to me as a child. I always had a mindset of financial scarcity and I very quickly became miserly with any money I had. This has become something of an unhealthy obsession and it is something I'm still working on fixing with myself. I currently have never earned more than $16.50/hr full-time and I managed to purchase a house in a rapidly growing market and saved what I believe is a considerable amount for retirement for my age and income. + +====The Beginnings====My working career began when I was 16 at a local Taco Bell. While I was living with my parents I saved nearly every bit of my paychecks until when I was 17 and ready to move out for college I had about $5,000 saved in my checking account. I continued working this job, full-time college, and living with friends until my second year in which I had a small mental break; I quit my job and spent all of my money and then some on bills and living just to try to make it through the school year. During my third year of study I got a new job as a waiter at a small restaurant - the job wasn't stressful and I made good enough money to sustain my bills, but not much more but that was okay with me. My best friend and I started to explore topics of wealth and how to get ours but we were just wishful-thinkers at the time without a plan. It wasn't long after this point though that I had met with a good friend who was peddling insurance with northwestern mutual, I was 20 years old and he was honest and upfront about everything but even though I was being sold on cheap life insurance so that he can get a promotion - he gave me a lesson that was worth admission; he taught me about a lot of financial vehicles, investing, and retirement and gave me book recommendations. Meeting with my older friend unlocked a fire in me I did not previously realize and I owe a lot of respect to this guy, he changed my perspective immensely. + +====Starting Young Adulthood====During my fourth year at school I made perhaps my largest mistake and biggest regret so far, I quit school to enter a laboratory job I *thought* I wanted. I dropped out of school with four years of student loans strapped to my back and no degree ($15k+, would've been more if I didn't have FAFSA and some grants to help offset the costs) to enter a job where I would start making a measly $14/hr with many *"promises"* of promotions and wage increases. What's worse is I allowed this job to carrot-and-stick me for 5 years as I thought I was going to be a directing manager at a new location the business was opening up; that turned out to be a lie once the timeline got closer. Regardless of my job, it paid just enough that my ex-girlfriend and I were able to save some money here and there. When I was 22 I opened my first brokerage account with Robinhood and started losing money immediately, which was great honestly. It immediately taught me to not trust [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) with my hard-earned money, a fairly cheap lesson was learned. I read more into investing and redirected myself to buy VGT and VOO primarily and that set things straight. It was around this point that I did everything in my power to save every extra dollar I could and skimp on spending where possible even though it was uncomfortable for us. My ex and I got on the same page financially and we began to save EVERYTRHING and within two years we had accumulated just about $17k which we used as a down-payment on a live-in fixer-upper, which was DIFFICULT to say the least. + +====Moving out====So I'm 24 (and earning like $14.75/hr now) and my ex is 25 when we went under contract to buy our broken little rural home (1000sq ft on 40 acres). We were trying to use an FHA loan so the down payment could be more affordable but due to their strict living requirements and the home being sold as-is we had to take a leap of faith and repair many things prior to closing. We had to get a new roof, a few new windows, fix the skirting of the house, and get a few foundation fixes, totaling around $12k in repairs before even closing. This was immensely stressful for us as we weren't positive that we'd be guaranteed the loan and the property. Every step of home buying and ownership was very tough and expensive for us. Over time I made significant repairs to the house, essentially a full interior renovation and I built a shed and fixed up the animal structures. We stayed ever optimistic with the home though knowing that the housing market has been very strong and that our labor would be well-rewarded. We worked on and lived in the home for 4 years as it was a very affordable mortgage payment and the house was becoming more comfortable with renovations. + +Still 24, I opened a Roth IRA and promised myself I'd do everything I can to max out that account every single year, which started by me liquidating the rest of my Robinhood account and moving it to my IRA to accomplish that goal the first year. I am proud to say that I have been successful thus far in that goal and that has helped me feel a much needed sense of security knowing that future me will be happy of my past self's actions in this regard. I made a mental goal that maybe I could reach $100k in value by the time I reach 30 around this point in time, which I felt was an extremely lofty and unachievable goal, but a goal to strive towards nonetheless. + +====Where I am currently====Four years later and I'm now 28 years old (Earning $16/hr, I took a pay cut for better benefits with a different job). By this point my Roth IRA balance is almost $60k through contributions and growth. This is also the first time I have had access to a 401K and HSA, in my first 6 months at this new job I saved about $4k between those two new accounts and another $3k in my IRA. Overall I tend to save about 30-40% of my income and I live my life *extremely* frugally with my eyes set on financial independence. Since you can either earn more money or spend less, I chose spending less since I have a difficult time earning more money and that has had many negative mental health effects as I choose to forgo simple pleasures. + +You may have noticed I said my ex-gf and I-... Unfortunately we made some poor decisions that led to our relationship ending just over a year ago but it's important to my story as it changed my current life trajectory tremendously. Without going into a lot of detail of the relationship, we started dating another person. This worked great until, of course, it didn't. New girl in the relationship didn't like me but chose not to make that apparent until far too late which wound up breaking the relationship. My feelings are irrelevant but this dynamic really changed things up for me. When the relationship ended and the girls left I requested for my ex to sign a quit claim to absolve herself of home ownership with me. + +I eventually sold the home as it was too much work to commute and maintain so much property and animals just by myself. Selling the home net me about $160k in profit, add that to my other accounts and I'm sitting just about $200k which has led me to right where I am today. I purchased a small RV for me and my dogs and I'm about to take some time off from life to experience things I have postponed. I plan on buying a multi-unit home and renting out whatever possible while I gallivant in search of my new path. Even without my ex's portion of the home I would still be looking at over 120k of personal net-worth with her having her portion in an alternate-reality but things unfolded differently for me and her. + +In the years leading to where I am currently I feel like I've changed from an intense scarcity mindset to one of abundance and it's just a matter of grabbing the crumbs that fall from the table. I'm still quite miserly with my money and I have a hard time spending, it is something I am keenly aware of and try to overcome. One way I've attempted to make this better is by donating and gifting money. I've donated to a few charities that support things I agree with and by giving to a couple of people I know who were in particular need of help. It's still a difficult ask to get me to part ways with my money but my mental well-being and time on earth depend on me being a better person for myself and all those that I interact with. + +====Where I am going====I have no honest idea. For my next update you will hopefully read that I do indeed own multiple cash-flowing units and that I might have a new, higher paying job and that I'm another step closer to financial independence. In the meantime, however, I will allow life to serendipitously do what it wants with me while trying to not squander what I've worked so diligently to obtain. I'm taking this year to experience and reevaluate. I'm only a few days out from embarking on my RV road trip with no destination with my dogs and ready to see what the greater world has to offer to me. + +I wish everyone the best, while I know my path isn't necessarily replicable, that isn't the point. No one directly follows in the footsteps of others, everyone is on their own path and it's important that you know how to keep walking on your own. I love this community and you all help me make sense of how money affects us. I will continue to max my Roth IRA with my home proceeds for the next couple of years for my retirement account's sake but other than that I do not have much planned. + +tl;dr +\-16 y.o. earning $7.25/hr, no meaningful networth +\-19 y.o. earning near $20/hr (very part time), -$10k networth +\-22 y.o. earning $14/hr, -$15k networth +\-24 y.o. earning $14.75/hr, purchased a live-in fixer-upper ... Started IRA and maxing it out +\-24-28 y.o. earning around $15+/hr, networth finally positive with home equity appreciation, \~$50k networth +\-28 y.o. earning $16/hr, sold my fixed-up home and profited 160k, \~$200k networth (\~$55k in Retirement, rest is currently cash, I will try to buy rental units with that cash) +\-future me, hopefully earning more, hopefully a higher networth + +Thank you for coming to my Ted Talk. Go forth and be excellent. +So I have this theory about Sears and its relationship to GameStop ... essentially, Sears is the GameStop that couldn't fight back. + +But before we get too deep into that, let's start with a little walk down Boston Consulting Group memory lane (could be nothing, could be something ... but nonetheless, it's provocative) ... + +https://preview.redd.it/ly11txmrwdp81.png?width=1854&format=png&auto=webp&s=83b3b2233cb90d17a0c768d1fa03a2d1fac4fd11 + +https://preview.redd.it/ifkfjg2swdp81.png?width=1798&format=png&auto=webp&s=2fc26b39724c8cb89022fdecfa90ed2a77447609 + +https://preview.redd.it/hq8tnlfswdp81.png?width=1798&format=png&auto=webp&s=773b29e9f48418672f71fafe454430e8ff1fed4d + +So, about that Sears theory ... first, here are a few pics to pique your interest (with detailed DD links below): + +https://preview.redd.it/g1uph3z71ep81.png?width=1452&format=png&auto=webp&s=cca292b33b7751667813132af41b5718c84a9f5a + +https://preview.redd.it/99rrune81ep81.png?width=2064&format=png&auto=webp&s=f1ed754e3ddab83cb06fb2e364ad0cc9eafdda22 + +https://preview.redd.it/mgf7laz81ep81.jpg?width=577&format=pjpg&auto=webp&s=cd2da8c15a199191d20d384f419183003c78297c + +[https://www.reddit.com/r/Superstonk/comments/oyw840/something\_about\_sears/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oyw840/something_about_sears/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/pgi6qm/talk\_of\_sears\_gme\_the\_hive\_mind/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pgi6qm/talk_of_sears_gme_the_hive_mind/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/rw4c1w/e\_lampert\_former\_chairman\_of\_sears\_in\_a\_09\_letter/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rw4c1w/e_lampert_former_chairman_of_sears_in_a_09_letter/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/pivhpi/yes\_more\_zombie\_company\_talk\_friday\_sept\_3\_was\_a/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pivhpi/yes_more_zombie_company_talk_friday_sept_3_was_a/?utm_source=share&utm_medium=web2x&context=3) +I am not a financial advisor. IRL, I’m an engineer with a strong stats background who spends too much time on the internet. + +Aight. So, shit is about to get real real here. Buckle up. Hold onto your tendies. Keep your hands diamond, your balls titanium and your butthole clenched. + +# Background History + +Some time ago, I noticed a repeating trend with the GME share price. This was the image was from that [post](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/?utm_source=share&utm_medium=web2x&context=3). Since people often made the comment about needing more data to prove if shit was going down, I decided to provide it. + +https://preview.redd.it/i1ybyd2o0re71.png?width=624&format=png&auto=webp&s=cb454eda36c31ab4f549ea36231fcf7e35d737ca + +# A History of C***-KEN ({°}) and McDICK 8==D~~ + +Before I go too further, I want to identify a few key time frames. One is the Citadel Unusual Number of Tomfuckery Knavish Economy of Nakedness era occurring in the earlier years of GME (\~2008), and Melvin’s Constant Decreasing Intentional Current Kbullshit era (\~2015), which I will refer to as C\*\*\*-KEN and McDICK respectfully. I have so kindly made a graphical representation of this for your viewing pleasure. Periodically, some of the dates have not been presented for formatting and scaling purposes (and because length doesn’t matter, and as a woman, I have no idea what 6 inches really is). + +https://preview.redd.it/6haaho6p0re71.png?width=624&format=png&auto=webp&s=49ef86bad5786d9d7d11f44d8d1fc8d0b85c5f14 + +# The C*** KEN era + +Looking in to the past and the SEC website, Citadel started to place married options in the fucking hundred and thousands starting back in like 2008. (For this table, I stopped consolidating data from the SEC website about 2009 because it’s a bitch and I’m half lazy.) + +https://preview.redd.it/mqelxj1q0re71.png?width=624&format=png&auto=webp&s=14dc9b06b7f5058ad3de49a09c3cd85f2a2878b0 + +How fucking bad can this get? Like…. Really? IDK. Let’s look at the GME close, GME FTD, and VIX close starting when the FTD was first recorded on 10/12/2005. + +https://preview.redd.it/xnq9ihis0re71.png?width=624&format=png&auto=webp&s=6269b18d9614ef9532e35d130ec41fc53a2d1abb + +Hmm…. It looks as if shit got real real in late 2008 when the little red dots turned into a stream of menstrual blood basically when GME was getting a bunch of FTD’s on the rag, I mean reg. + +https://preview.redd.it/ymwg904t0re71.png?width=624&format=png&auto=webp&s=a0802ae1a36468ae25d44c39a8d9676564158904 + +Wasn’t Citadel first recorded to fuck shit up in 2008Q3? + +https://preview.redd.it/qv1yw5nt0re71.png?width=364&format=png&auto=webp&s=76154f2f973af0f31bb73e07c61f0b94fc946f9a + +What other fuckery happened around this time?! How fucking bad can this get? Like…. Really? IDK, man. Let’s look at a range of values from 01/01/2007 to 12/31/2010 to look at comparing values and also add some lines to show where 03/31/2008 and 09/30/2009 are located. It also looks inverse so let’s throw in a 1 / VIX close into that group. + +https://preview.redd.it/lhaks07u0re71.png?width=624&format=png&auto=webp&s=fb6169241bc48e50f92bee5ba5507260d7d1d209 + +Want to know why I clearly have identified the location of the clit in this blue waffle?! + +https://preview.redd.it/fsnehfmu0re71.png?width=624&format=png&auto=webp&s=ec7a2940030483b7b99ae9fd8bc34dbece031ac0 + +This is why. Right around 11/21/2008, VIX had a high that will not be seen **again until 2020**. + +https://preview.redd.it/vcp65x2v0re71.png?width=624&format=png&auto=webp&s=2e1b4273cf2559ad8edf77e70965229a070976d5 + +It would thus be inferred that there is a STRONG Fucking correlation of the ~~inverse~~ VIX to the C\*\*\*-KEN. + +# VIX and McDICK + +In [May 2014](https://ihsmarkit.com/research-analysis/14112014-Equities-Most-shorted-of-the-week.html) (circled within the first blue ball), GME short interest was noted to be markedly increased from \~18% to 26%. + +https://preview.redd.it/9kbpa0qv0re71.png?width=599&format=png&auto=webp&s=2ae2d58fda6ff1ee311a95ddb458b6580ae16b75 + +[This value](https://ihsmarkit.com/research-analysis/25112014-Equities-Retailers-on-short-seller-holiday-list.html) increased from \~25% to 32% in July. + +https://preview.redd.it/by4vpu2w0re71.png?width=604&format=png&auto=webp&s=66b1323c8d9c442e8bdb4f7b7eb9a35b62960081 + +Per the SEC quarterly filing, McDICK entered around the 2nd blue ball. + +https://preview.redd.it/6p77rniy0re71.png?width=241&format=png&auto=webp&s=2152b1b2acd8ebaa8873b63cc134af4ce103164a + +https://preview.redd.it/qaitksdz0re71.png?width=624&format=png&auto=webp&s=26540e0bac309d9a28953ede8a6804bfc5944195 + +Here is even the call and put volume of by year to show the number of marriages going on: + +https://preview.redd.it/zmpcjlpz0re71.png?width=624&format=png&auto=webp&s=29b3850ab1f1746463b31807ed5eed4697d41702 + +From the OBV, it doesn’t really look like it’s retail. The OBV (blue) pretty fucking much remained the same (if not trended a wee bit up) while the share price (black) dropped like hot sauce. Looks a lot like what we’ve been seeing now while we have been holding it in and prairie dogging it until we hit MOASS. + +https://preview.redd.it/v6x500401re71.png?width=624&format=png&auto=webp&s=20498ec8849497530eaf895a6f015d00cee15ad8 + +So…. Like WTF happened in 2019? + +[The numbers of shares dropped by a shit ton](https://news.gamestop.com/news-releases/news-release-details/gamestop-declares-quarterly-cash-dividend-announces-intent). This is why we see a drastic dip in the OBV that was presented in the beginning. + +# To be continued + +Images speak louder than words and reddit has a cap on that. So here it [part 2](https://www.reddit.com/r/Superstonk/comments/ovs6lm/a_cyclical_history_of_tomfuckery_in_gme_part_2/?utm_source=share&utm_medium=web2x&context=3). + +[part 1 tweet](https://twitter.com/pwnwtfbbq/status/1421825945091067904?s=20) +I tend to see one or two articles a week on the "next crash". Doom and gloom gets clicks for these sites I suppose. But the trends shown in this analysis peaked my interest more than others as I have been following the dept markets for the last 12 months with growing concern: + +http://www.zerohedge.com/news/2017-06-10/us-weeks-away-recession-according-latest-loan-data + +Interested to hear your thoughts on the matter? Do you have any further supporting data? +I’ve been sending him screenshots for the past 6 years when bitcoin has hit a new milestone. I.e. $1,000. $2,000 $5,000 $7,500, $10,000, $15000, $20,000 and so on. I’m beginning to feel bad now. What should I do? Have I punished him enough? Or should I continue to rub it in his face? + +Edits- +I should have said that we are on very friendly terms and my motivation for sending him screenshots is simply to poke at him and try to get him back into BTC. It’s all done in a friendly way. The same way he gave me shit when I bought... + +Second Edit- +Thank you for the awards! + +Also - a little update to the story. It was all good natured fun. When I bought my first couple BTC he was sitting right next to me. He made fun of me, for sure, but I took it well and just thought to myself, you'll see. He eventually bought in around $4500 and literally just sold his last BTC around 12k - Oct 2020 timeframe. My god - he held out all this time (like me and you HOLDers) and he gave up. So my good natured screenshots are often accompanied by messages saying, "it's not too late. Get back in". +So I am selling my used bike on Gumtree for about £700 and I have had a couple of people message me interested for the bike, however neither of them can come in person to have a look at the bike, which to me is very strange, especially on such an expensive bike. They are both very insistent the would like to pay via PayPal and no other method as one is a very busy software developer and the other one can’t collect for health reasons. Both said an “agent” will collect the bike once payment is made. + +Something about theirs stories just don’t add up! Happy to forward the convos via private email if anyone is interested. + +I don’t know, there is something about these that doesn’t sit quite right with me! Is this a scam? Can be payment on PayPal be reversed? + +EDIT: Thanks for all the feedback guys! I shall stay well clear of those buyers! Fingers crossed I will sell this bike quickly as I am in need of cash lol +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, while I was initially surprised by the DRS count in the Q3 results, upon further reflection I am incredibly excited by what I think it means. +Obviously, 500k additional shares DRSed does not seem even remotely close to what was expected, based on the steady flow of purple circles and the discounts that were offered during the quarter. +There is *no way* that Apes changed DRS velocity so sharply. +Similarly, I do not believe that Apes who HODL at ComputerShare are selling. +DRSing and purchasing at ComputerShare are Diamantenhände actions. +I trust that the numbers that GameStop included in the quarterly reports have been accurate tallies of non-insider ownership of shares held at ComputerShare. + +So that tells me that this was engineered. +We saw that institutional ownership decreased over the quarter. +My suspicion is that the SHFs convinced an institutional owner to DRS shares in Q2, to be sold in Q3. +The exceptional Q2 numbers that we celebrated included this trojan horse. +When combined with this weeks' short attacks, they hoped to break our resolve - to make us lose hope. +I have little doubt that they had hoped to create a negative trend, but failed to overcome our Diamantenhände. + +Here is what makes me so bullish: they can't repeat this ruse next quarter. +I honestly don't even expect the SHFs to still be standing when Q4 numbers are released, but they would have been sure to extract every share they could from this quarter's count. +They won't be able to rug-pull the DRS numbers again, and they don't have any other way to manipulate them. +Meanwhile, this just increases my resolve to get that number as high as possible. + +Today is Thursday, December 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$23.14 / 21,98 €** *(volume: 4366)* +- 🟥 115 minutes in: $23.14 / 21,98 € *(volume: 4312)* +- ⬜ 110 minutes in: $23.30 / 22,13 € *(volume: 4307)* +- ⬜ 105 minutes in: $23.30 / 22,13 € *(volume: 4089)* +- 🟩 100 minutes in: $23.30 / 22,13 € *(volume: 4087)* +- 🟩 95 minutes in: $23.28 / 22,12 € *(volume: 4086)* +- ⬜ 90 minutes in: $23.27 / 22,11 € *(volume: 4014)* +- ⬜ 85 minutes in: $23.27 / 22,11 € *(volume: 3835)* +- ⬜ 80 minutes in: $23.27 / 22,11 € *(volume: 3814)* +- 🟩 75 minutes in: $23.27 / 22,11 € *(volume: 3814)* +- ⬜ 70 minutes in: $23.27 / 22,10 € *(volume: 3809)* +- 🟩 65 minutes in: $23.27 / 22,10 € *(volume: 3601)* +- 🟥 60 minutes in: $23.07 / 21,91 € *(volume: 2800)* +- 🟩 55 minutes in: $23.07 / 21,91 € *(volume: 2800)* +- 🟥 50 minutes in: $23.07 / 21,91 € *(volume: 2720)* +- 🟥 45 minutes in: $23.07 / 21,91 € *(volume: 2716)* +- 🟩 40 minutes in: $23.17 / 22,00 € *(volume: 2660)* +- ⬜ 35 minutes in: $23.16 / 22,00 € *(volume: 2350)* +- 🟥 30 minutes in: $23.16 / 22,00 € *(volume: 2266)* +- 🟩 25 minutes in: $23.17 / 22,00 € *(volume: 2266)* +- 🟩 20 minutes in: $23.16 / 22,00 € *(volume: 1271)* +- 🟩 15 minutes in: $23.16 / 22,00 € *(volume: 1197)* +- 🟩 10 minutes in: $23.15 / 21,99 € *(volume: 1166)* +- 🟥 5 minutes in: $23.15 / 21,99 € *(volume: 1090)* +- 🟩 0 minutes in: $23.16 / 22,00 € *(volume: 690)* +- 🟥 US close price: $22.26 / 21,14 € *($23.05 / 21,89 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0529. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +We got a rough quote from a private health company for $45 per week (We are a couple aged 25-30 with a baby aged 0). Doing the maths, this equates to just under $10,000 over 4 years. In 8 years $20,000! We are a single income household (due to new baby) now earning under the medicare levy threshold. + +Would it not be wiser to religiously put this $45 per week into our offset account because we are healthy and young and don’t see anything huge cropping up in the near future? Obviously if something does crop up we have the funds just sitting there in our offset that we can dip into anyway... + +I always hear about people needing big jobs done that their private health doesn’t fully cover anyway eg. Tooth knocked out, wisdom teeth fees etc + +I see how when you’re older you might want to have private health when the chances of all the illness/disease skyrockets. Also if you’re earning above the Medicare levy it’s a better move financially apparently. + +But is private health just for ‘rich’ people ? +Hey guys, I posted a bunch of comments [here](https://www.reddit.com/r/investing/comments/480qjf/have_you_ever_met_a_successful_day_trader/d0gvccr). I will try not to re-write stuff, so I will just link to the comment where I discussed that topic. That top link has a bunch of links, and if you read through I posted a few more minor answers. Thanks for all the support and PMs, feel free to PM me. I still trade, I still follow the market, I still love talking and discussing this stuff. I'm mostly a lurker here, but when someone asked about profitable day traders, I decided to poke my head in. TLDR, I worked at an interesting shop, with interesting personalities. In the end I went out in a flame of glory (not really, I was having a bad year, but wound up getting a pretty good job based on what I learned trading) + +English is my second language, so if I don't make sense its because I've only been in this country for 25 years. + +**People asked how I got into it:** + +I've always been into tech. I've always been into logic games / chess / mastering some sort of game/system. I've wanted to trade stocks since high school. I remember this vaguely, but we played a fantasy basketball game, called SmallWorld (I think) where you would buy a player, then each week his value went up or down, and you got that value to shop for next week (it was a really good idea, I dunno why it died out... who wants to remake it with me?). Over the course of the season, if you picked the right players your account went up and you could dominate more and more. I was fascinated by that concept. After a few years of that, fantasy sports changed to exclude financial concepts. Somehow my friends and I progressed to following stocks because they were easily accessible from the library online. My first trade involved me badgering my dad to buy into Google's IPO. He bought 10 shares for ~$1000 to appease me. We never sold those shares (or at least he denies selling them to me. He claims to still have them in his account, but I don't believe him, he probably sold them in 2008 when the world was ending puss). + +I did OK in high school, went to a PA State school, majored in finance. I had a mediocre GPA, but had a very good major GPA and did great in equities/derivatives/analysis type classes. In my last year, I tried REALLY HARD to get into some GS / BSC / LEH / JPM / WFC type job. No offers. I wasn't a standout student, I wasn't at a standout school, and the jobs they recruited for at our school were mostly tax/accounting type jobs. Anyway, I got a job in the Capital One management track type program. It was a GREAT job straight out of college, $60k + bonus. The only problem was that Capital One's campus was in Bumfuck (read McLean, VA) and I was reallllllllllly hesitant to give up the NYC dream for McLean, VA (no offense people, OK). Either way, I said yes to Capital One. Then I took the $5k signing bonus they gave me (to move to VA) and dumped it in a currency trading account. Over the course of the next 3 months, I turned it into ~$17k. All the while I was mentally uncommitted to Capital One, I kept trying to interview for something else at job fairs. + +One of these companies was a shady type trading firm, saying something like "NYC trading job, no experience required, no money required, will train, weekly draw." I was all in immediately. I went to the interview, but was already going to be working there whether they hired me or not. I felt like I prepared for this interview my whole life. Hit it off immediately and got the offer. $500 a week to live in NYC, LOL. But none of my own money down, and I was going to learn from PROS!! I didn't care if I had to live on the streets. Luckily, even though my parents were kind of skeptical, but REALLLLY didn't want me moving to VA, so they agreed to help me with my first year in NYC so I could do what I always wanted to do (at this point I told my dad that those Google shares would be my rent for the first year). So I returned Capital One's $5k and moved to NYC. + +Learning was weird. From the moment you got there, it was sink or swim. I think it could have been a better/smarter experience. They almost had a draft for the new hires, with the exception of the [weird guy's test](https://www.reddit.com/r/investing/comments/480qjf/have_you_ever_met_a_successful_day_trader/d0hbtia), it was almost like a NFL draft but with no combine. They drafted us based on look and 1-2 mins of conversation. I would have done some personality matching, but whatever. I got paired with the [animal described here](https://www.reddit.com/r/investing/comments/480qjf/have_you_ever_met_a_successful_day_trader/d0gvccr). To summarize, he traded the "feel" of the market by looking at just the level two quotes. He only traded 4 stocks, but mostly Google, because it was an expensive stock that traded thinly enough to move a few dollars up or down like its nothing, but with enough volume that you didn't get stuck in your position. He used no type of analysis that I was used to. No charts, no news, no market, no analysis, nothing. Level two bid and ask, that's it. This was VERY odd to me. I spent the last 4 years learning how to analyze stocks, and here's this guy essentially saying fuck all that, this is what you do. It took a while for me to wrap my head around what was going on. I kept wanting to analyze what the stock was about, what the company did. I kept wanting to hold companies because I thought they were good. I kept losing money. It was almost worse for my learning curve that I had this other experience. I was being UNTRAINED. I had lots of "bad habits." + +This is mostly why I thought this was a bad way to pick your trainees. There were guys that were more in line with my mental outlook on life. I envied the fact that their trainees could talk what's up what's down, discuss different industries, batches of stocks, outperformers, look at charts, etc. I got over it though. + +In the beginning, I had a very bad month because I kept trying to be long stocks. Me and my trainer got in a fight because he was basically like, "look, you're not picking up what I'm putting down and it doesn't even seem like you're trying to. Do you want someone else to train you." Truth was, I did. But I watched this guy make ~$100k a month for three months straight. Maybe before I give up, I'll try to learn what he's teaching. So I said, "fuck no. I want to learn." For the next month, my punishment was that I wasn't allowed to trade. All I was doing was watching level two quotes for Google, ALL DAY. No charts. I was allowed yesterday's high/low, the week high/low, and the month high/low. Between 9:30 and 4, I could get up from my desk for lunch, and to go to the bathroom. That's it. Even if they left to the bar / golf course when they made enough money for the day, I had to stay there and watch. They disconnected my keyboard. This probably was the best thing that could have ever happened to me for my trading career and market understanding. + +At first, I would sit there and call out trades, buy here, sell here, after the second day. One time I yelled, "YO GUYS, CHECK OUT GOOGLE, ITS EITHER GONNA GO UP OR DOWN FROM HERE." Yea, I said that. Whole trading floor dying. It stuck with me. "Yo @discountphilly, what you think of ____. Is it gonna go up... or down from here?" So after the first couple days, I had to sit in silence. On Friday of the second week my trainer told me. "You have 1 trade today, 100 shares, in and out, use it wisely." I sat and sat and sat and sat, finally when Google lined up in a way that I'd seen 10 times already in the past week, I bought 100 shares. I made $3.50 in a quick jump and cashed out. The next week I had 1 trade a day. I did pretty well, only had 1 loosing day out of 5. Not huge days, but I was getting the idea. The goal wasn't to get to know and coddle a stock, it wasn't to get emotionally involved.... The goal was to sit in the brush, a quarter mile away, line up the perfect trade in your scope, then HEADSHOT. That's it. Get out. Find your next trade. + +After the 3rd week I got 5 trades a day. It wasn't until my 5th month there that I got to trade how many ever shares I wanted. This time gave me the ultimate deep (aliens guy) appreciation for the market. Almost like it ruined Santa Claus for me. Its not about companies, and its not about profits and not about management. Its about buyers and sellers. RIGHT NOW, are there more buyers, or are there more sellers. That's it. Its much more a game of psychology and thinking about "What is the market (read buyers and sellers) showing me, what does it want me to do, what should I be doing?" We were swing trading, very short term. Either we were riding the momentum, or we were waiting for stocks to get overextended in one direction, then bet against the trend. The way we read this, was by getting a feel for the level two quotes. Understanding where the levels are, where they buyers are, who is selling where relative to those levels and watching the prints go down in real time. That's it. In my experience, over the years, computers have really taken this strategy away, for the most part. There is too much hidden action and too many false positives. But the guy that trained me is unfazed (or at least last I heard). I can discuss that later. + +____________________________ + +Guys I'm getting tired. Ask me questions. Sorry if you didn't want to hear about me. I was going to talk about the strategies I picked up, how computers impact things, and I can tell you about personalities more later. I will absolutely talk about losers, losing months, losing several months in a row, being done... coming back... being done again... + +I'll come back later this week. **Please feel free to ask specific questions.** I dunno what you want to hear about. Not anything personally identifiable, like who these people are and where I worked. Prop shop in NYC, there were at least 6-7 small ones that I knew of and 3 big ones, lets say one of those 10. + +______________________________ + +**EDIT:** OMG, my first gold. Thank you so much kind stranger. I don't even know what to say. I feel like DiCaprio at the Oscars right now. Should I talk about the tigers? I don't even know what gold does, but thank you for giving me the opportunity to explore. +Do not get disheartened because you can only afford to invest less than $500 in crypto. If you are patient enough, you will definitely gain profit. If the small amount you invested is significant for you, the gains will also immensely benefit you. + +You do not need to sell your house and put it in crypto. A smaller amount at first is ideal to understand this space. It gives you time to properly learn how this space and technology works, and understand the market. + +If you have put in some money, no matter how small it is, you belong to the tiny minority of early adopters. Billions are yet to enter this space. And in time, if you are patient and keep DCAing, you will definitely make it. + +It's better to learn and invest in fewer cryptos than FMOing and chasing coins that are shilled heavily. All my gains came from this strategy. Hope we all make it big in five years. + Please use this thread to post your milestones, humblebrags and status updates which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I see a lot of posts and comments on here talking about how they are losing money in the moment and it seems like there is a lot of anxiety. + +I just wanted to say that you are all doing extremely well this year if you are still in the game. Trading is hard and for those that have only started trading since 2020 you haven't seen a bear market before so there is a steep learning curve! + +Something that helps me if I am struggling to make money in an unfamiliar market regime is to think about how much of a learning experience it is and be grateful that now my process and psychology is much more improved then it was before the shift in market regime. + +So keep focused on the learning process as much as possible, stay positive that you will be able to get through this, and if you are losing reduce your risk until you get groove back. +"Alpine 4 Holdings, Inc. (ALPP) Reports $33.5 Million in Revenue For 2020 and 19% Growth Over 2019 and Expects to Report Shareholder Equity Growth of $40 Million in Q1 2021" + +They also note: + +" I am very pleased to say that in Q2 2021, the Company will begin to post sales revenue that exceeds pre-COVID 19 revenue. When you combine the cost-cutting measures of our MIDK (maintain, invest, divest, kill) exercise we did in Q2 and Q3 of 2020, the $50 million capital raise we did in Q1 2021, and our paying down of our debt by over $14 million to date, profitability is forthcoming, and the Company looks as healthy as it has ever been." + +&#x200B; + +There's a brief nod to the NASDAQ at the end, but nothing of substance. So, as with all $ALPP news, I assume it dips today??? :) + +[https://www.accesswire.com/640554/Alpine-4-Holdings-Inc-ALPP-Reports-335-Million-in-Revenue-For-2020-and-19-Growth-Over-2019-and-Expects-to-Report-Shareholder-Equity-Growth-of-40-Million-in-Q1-2021](https://www.accesswire.com/640554/Alpine-4-Holdings-Inc-ALPP-Reports-335-Million-in-Revenue-For-2020-and-19-Growth-Over-2019-and-Expects-to-Report-Shareholder-Equity-Growth-of-40-Million-in-Q1-2021) +I've been putting a lot of hours in at my job and have saved a total of $23,500 dollars as of now. My parents are encouraging me to put the maximum contribution (6k) to a roth ira but I really am unsure. My college will be paid for through my job so I dont have to worry about that. But honestly I really just want to move out ASAP and this seems like a lot of money that will delay my goal of moving out when I turn 18. + + +What do I do? Any tips or general advice? Should I just keep saving? +Do you know how far away $10,000 looked? It's easy to forget. I got into Bitcoin in 2011. I started the San Francisco Bitcoin Meetup. The first meeting was six of us at a bar, not sure how crazy we were. The price that year went from $1 to $30 — wow! And then it crashed to $3, and many people wondered if it would continue on to zero. The whole time, at that first meeting and later ones, the main line of thought, as far as price goes, was: "Bitcoins are probably worth nothing. But if this does become a thing, they'll be worth a lot." And $10,000, specifically that number, was as high as anybody dared to dream. That was the number where you'd propose it with a laugh, and then everyone would look away, embarrassed but dreamy-eyed. So please let me tell you, $10,000 is the moon. + +When I started the meetup, I just wanted to meet anyone who had *even heard of* Bitcoin. Of course there were online discussions, but I was so profoundly excited about this thing, and no one I knew in real life had heard of it (except my friends who I was relentlessly badgering). That's a weird place to be. Especially since today, almost everyone has heard of Bitcoin. So I meet up with these guys and I got to experience that shared excitement in person. I understood how members of an esoteric cult must feel. We strongly believed something — *that Bitcoin might be part of the future* — that almost nobody outside of that room believed. I was only pretty sure we weren't crazy. + +The second meetup was already bigger, and incredibly inspiring. My hope going in was that some people would get together to start a new project because of the meetup, but it became clear that that wasn't going to happen — everyone was already working on something. Besides talking about our projects, there was debate about the usual subjects: what's next for Bitcoin? What's it most useful for? What'll it look like in a year? No one was out to prove anything, everyone was hoping to discover something. Many people came through those first few meetings: the original founder of MtGox, the ExchB founders (remember?), the ZeroBlock founders, the TradeHill founders, the future founder of Coinbase, a bitcoinj author, and more. I say this only with the hopes that it gives me some scrap of authority, not as a leader, but simply as someone who was there, who was present for the early narrative. No one was imagining past $10,000. So, to me, $10,000 is the moon. + +And ok, there's a technical question of whether we mean $10,000/BTC, or $10,000 when you add BTC + BCH and whatever other forks. I say the former. If we're going to add up all the forks, there's an asterisk on the party, and we have to explain the details. We don't want details, we want headlines. We want the moon. So if it hits $10,000 per BTC, we should celebrate! $10,000 is the moon. + +There's always the stars. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis) +Welcome to IRONY($IRONY). + +NFT App Preview: https://youtu.be/FT4Egk40IRw + +We find it ridiculous that in this time of space, moon, and charity coins being spammed, no one has decided to donate to any scientific causes. 🌠🎇🎆 + +That is where we come in! We plan on making weekly contributions to some of the coolest projects in fields such as robotics, space exploration, astronomy, and much more! + +More on our whitepaper: https://ironyman.cc/white-paper + +How does $IRONY work? + +$IRONY is an automatic and frictionless yield generating protocol. Simply hold $IRONY in your wallet to receive more $IRONY. 💵💵 + +$IRONY charges a 10% tax on all transactions. This 10% is split in the following ways: %5 sent straight to the dead wallet, 3% will be rewarded to all holders automatically, while the remaining 2% will be added back into the liquidity pool, creating an ever-increasing price floor and liquidity pool. + +$IRONY's Donation And Marketing Wallets as promised %50 of it has been locked. + +!!! + +MARKETING AND CHARITY WALLET HAS BEEN BOUGHT WITH YOUTUBER DEVS OWN MONEY AND WAS NOT GENERATED. + +Due to tokenomics and whale protection, 50% of Charity/Marketing Wallet has been locked in multiple pieces. + +%50 LOCK PROOF: + +https://dxsale.app/app/pages/dxlockview?id=1&add=0x647093586cDCED9510B4A02CCc8609132E9b1a67&type=tokenlock&chain=BSC + +https://dxsale.app/app/pages/dxlockview?id=0&add=0x647093586cDCED9510B4A02CCc8609132E9b1a67&type=tokenlock&chain=BSC + +https://dxsale.app/app/pages/dxlockview?id=2&add=0x647093586cDCED9510B4A02CCc8609132E9b1a67&type=tokenlock&chain=BSC + +https://dxsale.app/app/pages/dxlockview?id=4&add=0x647093586cDCED9510B4A02CCc8609132E9b1a67&type=tokenlock&chain=BSC + +LP Has been locked for 5 years to show our dedication. + +LP LOCK PROOF: https://dxsale.app/app/pages/dxlockview?id=0&add=0x1369B7f19dFf27D91eC26625e46C2aB0BD4ED5cB&type=lplock&chain=BSC + +(You have to open it with a metamask browser extension or connect your wallet to see that it is locked for 5 years) + +Token Breakdown + +Initial Burn 500,000,000,000,000 50.00% + +Liquidity 500,000,000,000,000 50.00% + +Max Supply 1,000,000,000,000,000 100.00% + +%10 Of Max Supply Burned at 1 Mil Market Cap + +Proof: 1 -https://bscscan.com/tx/0x7990642b81b65a3a4009d2b6140a09ba1fef7f7c58b567077a44f9dd244472a4 + +2-https://bscscan.com/tx/0x897200ae3940378eae43e741a8edbbac8130789583df169f7aecde338fca53d8 + +3-https://bscscan.com/tx/0x0f3adbacb89a63bb9501cb3077361a31f313244c8bb3f2f0bbbead16a93eb971 + +4-https://bscscan.com/tx/0x2083f3eaadf1584fc6a35576f236feec63cb9fd3af236523533c7ca74f5fa2ee + +5-https://bscscan.com/tx/0x4d4bf56fd459c5acd36e71ce30768b4ce285a39311ebba7e4aefcc8caef84ffe + +6-https://bscscan.com/tx/0xf832959a1210d4d9ca91733ebbfbfdcbac48e19cba7d346c9bf0c5dfb89ee30b + +7-https://bscscan.com/tx/0x82f67158b0dd276d12cf5d3d8e6e81b52d3f7ee3c3a4efcefe7b88b90549a550 + +8-https://bscscan.com/tx/0x52b6933f75036bad6d2d33468da77a7bacd3c083612080bea48fa815c20ecb9f + +9-https://bscscan.com/tx/0xe3abffe638a9689a02ec17e33109af4a25750535ab962579c45a69f3a8c832db + +10-https://bscscan.com/tx/0x524283ff4f2e9f849685555e3cb144325448017e804bf74c049670a9558d9f79 + +11-https://bscscan.com/tx/0x4ec522da2a048c07a877442a965efa3615495632bd9788c0c1694e4ae31fb785 + +LINKS + +🌐 WEBSITE: https://ironyman.cc + +📷 Doxxed Youtuber: https://youtu.be/jARBQPMUan8 + +💬 Telegram: https://t.me/ironyelon + +🌐 BSC: https://bscscan.com/token/0x7f05907cde5c540be2e572fdd488994ee15d67a3 + +🥞 PancakeSwap (V2): https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x7f05907cde5c540be2e572fdd488994ee15d67a3 + +🐤 Twitter: https://twitter.com/ironymancc +ICYMI, Sabakatoken is the most fair token in the Inu world that you will find! This is the first token EVER to be promoted on poocoin as a pre-sale. This is possible due to the fact that the team is 100% safe and cleared so there is absolutely no funny business going on. There are currently 8 thousand people waiting for the pre-sale so we predict this to be one of the fastest growing coins to ever exist on the Binance Smart Chain. Marketing is on point, there are tons of influencers lined up for when the pre-sale is over, and there is a short 12 hour sponsorship on coinhunt to top things off. + +As for the team tokenomics, something that is ignored way too often: 8% is reserved for the team of which 5.6% is locked for 2 months and is vested weekly for 0.3%~, this ensures that there will be no team dump since there will be motive for continuing the project. + +That's probably the most important information, if you have any more questions feel free to ask the team in any of the places below! + + 💰 Circulating Supply 933.1T+ + +Bscscan contact address link: + +https://bscscan.com/address/0xC30F12CD65f61ded24db6C415C84F999C9704eBC + +🎉 Website: sabakatoken.com + +🐦 Twitter: https://twitter.com/sabakatoken + +Reddit: reddit.com/r/SabakaInuToken + +Discord: https://discord.com/invite/uRWsAHMpKh + +Instagram: instagram.com/sabakatoken/ + +Tiktok: tiktok.com/@sabakatoken +Stop trying to get businesses to accept bitcoin or accept crypto. 99% of the world is not going to accept bitcoin, 99% of the world is not going to accept shitcoins through binance partnerships, 99% of the world is not going to accept stablecoins. + +What will most likely happen is lightning will proliferate as a better value transfer protocol than Visa Mastercard and Swift. There will be API services that allow merchants to accept lightning invoices and instantly receive dollars into their business bank account. Banks will plug into lightning APIs allowing their app users to scan and pay lightning invoices using their dollar balance. Businesses and individuals will still use banks but money flows and transactions will happen over lightning instead of through Visa and Mastercard. + +This is fine because this is how 99% of the world will become bitcoin users without even knowing it, they will be using bitcoin everytime they transact. + +The fun part of this is that once all merchants are accepting lightning invoices and all banks are plugged into lightning, us bitcoiners will be able to use bitcoin over lightning to pay for everything everywhere on earth. At that point it really will be possible to be your own bank becuase your lightning wallet will now be accepted at more places than Visa and Mastercard. There will be no difference in a users payment experience between a free lightning wallet loaded with sats or a banking app loaded with dollars. + +Then and only then will the other 99% who are uninterested in bitcoin be able to actually decide to start getting paid in bitcoin and start saving in bitcoin with a lightning wallet rather than holding dollars in a bank. + +99% of the world is not going to accept bitcoin, but lightning is the trojan horse that will lead to every merchant on earth accepting bitcoin without even knowing it. + +⚡️⚡️⚡️ +The S&P 500 showed a 28.7% return last year, marking a stronger return than 85% of U.S. large-cap stock-picking mutual funds. + +This come as no surprise to investors, as it's the 12th year in a row the S&P 500 outperformed most actively managed large-cap funds. + +I was surprised that the S&P 500 did just as well last year as my real estate portfolio. + +Edit - [Why Investors Should Care More About the Fortune 500 Than the S&P 500](https://fortune.com/2019/05/17/fortune-500-s-and-p-500/) +As the title suggests, this is for single person, no business or ABN involved, PAYE and salary sacrifice only. +Does it matter if it takes a few more weeks before i can sit down and get it done? +And does it really matter if it is processed next year? + +Thanks! +As per the title, I am high school senior who is interested in the world of finance and economics. People, including teachers, have been telling me that finance firms like science majors and sometimes prefer them over business majors. With that being said, I am planning to attend a university where my major will be electrical engineering and physics with a concentration in super computing and a lot of programming. Here are my questions. + +1. Does my major matter at all so long as it includes math and programming? + +2. For anyone working in this field, how is it? + +3. What are some books I can read besides popular books on banking and economics to learn more? + +4. If I wanted to transition from engineering to this field, what would be the best graduate degree? + +5. What is something I should invest my time in so that pays off in the end? + +Thank you for taking the time to read. + +Edit: For reference, I am male. +I sold a CC on CRSR at a $45 strike price expiring 3/19 for $0.95. The cost of the call is now sitting at a pretty $0.05. + +In this situation, I think most of the sub would tell me to buy it back. But what then? Do I immediately sell a new covered call at a new date and price? Do I wait for the price to go up? + +If I'm going to wait for a better time to sell a new covered call, wouldn't it be more beneficial to just sit on my covered call at the moment and wait for it to expire worthless? When do you guys usually sell a new option? +If your call is ITM, why not just roll it forward forever, and up and out if profitable? Forever being ITM but always getting a small and fairly safe return every week. I guess the best answer why not to do this would be opportunity cost and allocation right? +I'm curious what information people use to determine their strike prices for selling options. For me personally, I mostly use support/resistance, moving averages, and at times heikin ashi candlesticks to pick strike prices. I've seen some people use strictly a specific delta regardless of technical analysis. What is everyone's process? +Just noticed today that COIN has options. Has anyone sold them and what is your experience? Open interest doesn't look bad. Would selling call spreads to be a good idea, Any inputs? +Hi + +I looked briefly into selling CC's before and decided to give it a shot with small money before moving onto bigger names. + +**Here is the scenario I went through:** + +1. Bought 200 shares of BB at $9.14 on 4/1. +2. Sold a CC against those 200 shares (iirc 2x 10C for $88 credit). +3. Stock price went down, I closed out my 2 short calls for 50% profit and wrote new ones immediately at ~.3 delta (9C). +4. BB rebounded and ended up near $9.5 later, ended up closing one of those calls for a ~$70 loss. + +I have been seeing that some people recommend waiting for a green day to write calls against their shares / LEAPs. Why is that? Is it that call option premiums better on green days, or is it just that you're less likely to have immediate drawdown on your written calls? Are people waiting until stock prices near a resistance to write calls? + +**Second scenario:** + +I recently also picked up PINS / TWTR LEAPs and have been wanting to write some weeklies against it. For example, I picked up PINS LEAPs with a break even around $70. Right now PINS is continuing to trade lower at around $61 - how can you continue to lower your cost basis on the LEAP if the only way to obtain decent credit for it is to write calls that are below the break-even price? I'm looking to write ~0.20-delta covered calls on my LEAPs. Is is just as simple as stomaching the risk of having your leap called away / having to roll your short call in order to avoid an overall loss? + +ty! any insight is appreciated +There are a bunch of cognitive biases worth knowing about for investing. Here are two I’ve seen a lot of recently: + +1) **Anchoring and adjusting:** Do you think the number of countries in Africa is greater or less than 30? Ok, next question: without googling, exactly how many do you think there are? + +Here’s a trick: if I had instead said, “Do you think the number is greater or less than 70,” and then asked you to make a guess, you would have made a higher guess. That’s because we “[anchor](https://www.lesswrong.com/posts/bMkCEZoBNhgRBtzoj/anchoring-and-adjustment)” on numbers we hear and then try to adjust, but we often adjust insufficiently. So when you anchor on 30, you adjust upwards a bit, maybe to 40. But if you hear 70, you anchor on that and adjust down a bit, maybe to 60. (The answer is 54.) + +How does this impact investing? Let's a stock is trading high, and then drops suddenly. I commonly see comments saying “this price is a steal, buy the discount.” Maybe, but not necessarily. Just because you're anchored at a high price, it doesn’t mean the new one is a steal. Maybe it was in a hype bubble and it's still inflated based on hype. + +Similarly, watch out with price targets. If someone predicts a stock will be $100 eoy, be cautious of thinking “even if things don't go that well, $80 would still be good.” You might be adjusting insufficiently...do they actually have a good reason for that prediction? Maybe this sounds obvious, but it's really easy for anchors to impact decisions. People will even anchor on totally irrelevant numbers, like seeing a wheel of fortune device pointing to the number "70" before being asked about the number of countries in Africa. + +2) **Pattern-detection:** Humans are notorious for [seeing cause and effect in random noise](https://www.amazon.com/How-Know-What-Isnt-Fallibility/dp/0029117062). When there is short-term stock movement, people invoke all kinds of explanations ("markets went down because investors were worried about \_\_\_\_") and sometimes make decisions based on them. But often, this will be explaining noise. + +Relatedly: Because we’re bad at perceiving noise and emergent patterns, we often mis-perceive intentional agents to make sense of the world, believing that we are seeing the outcomes of someone's deliberate actions. I've seen a LOT of this recently--claims that a stock is being manipulated when the price goes down. There are patterns that just emerge in the market from lots of people making decisions at the same time. Things happen. Inferring intentions where there are none can give rise to [conspiracy theory](https://journals.sagepub.com/doi/pdf/10.1177/1745691618774270) thinking, and thinking about stocks in terms of intentions more than assets can [promote bubbles.](https://www.sciencedirect.com/science/article/pii/S0896627313005680) +Hello PF - + +**Here's my situation**: Currently employed in city A but wanting to move to city B (another state, far away) to be with SO. Have been interviewing in city B for new positions. I currently have 1 offer, 1 "we'll get back to you", and 2 more interviews in early June that are very interested in me (as I am in them). Won't be making the move until July-ish so I'm okay to take interviews up until then. + +**BUT** the one company that I did interview with wants me *bad* and is looking to have a decision soon. They are pressuring me, but because they need to know if they should go after other candidates if I do say know, and can't wait for all their options to disappear if I take too long. + +**Here's my question**: (but I'm open to all advice on this situation). The employer said **"what will it take to get you to say yes this week and be comfortable moving forward with us?"**. He even said if it takes more time, then that's an okay answer (which might mean they'll give up on me, idk). What's too much to ask? Can I ask for more vacation, higher pay, bigger sign-on bonus, pay moving expenses... all of that, only some of that? I like the company, but the salary is low and benefits are vague, and I honestly just want to see what the other companies are all about as well. + +I don't need to get into too many specifics on my current job or offers, (but if that's desired for help, I can post). + +**----------------------------** + +**Current Job**: 56k, 2% 401k match, 2 wks vacation, 1 wk sick, wellness program, insurance and such. Okay company culture. + +*Offer*: 52k (told them it was low), 2k sign on bonus, ?% match (didn't say), 17 days PTO (sick, vacation, personal), insurance and such. From what I can tell, good company that values, trains, and retains employees. + +Rough cost of living comparison for 56k in new city is ~50k. But I'm looking in the 60k range because that's what some other companies have floated. + + +(Tried to keep it shorts, so if you want more info, feel free to ask. I also might add things as I remember other important notes.) +35 here, and made about 1400 last year in dividends. Some holdings are up while others are down and I also have some non-dividend paying positions. + +Determining if I am in the ‘right’ bracket for this or if I should adjust my strategy. + +Should mention some of my holdings include T, KO, QQQ, REM, XOM, VTV, XLC, CMCSA, APPL, DIS, JETS and some other non-dividend positions. Long on most and understand some have very small dividends but are good strategic plays IMO +# Introduction: + +Welcome back to my weekly stock analysis. Disclaimer: I am not invested in this one. + +Sturm, Ruger & Company, Inc. (NYSE: RGR) + +Sector: Aerospace & Defense (Industrials) + +## Company Strengths & Risks: +Sturn, Ruger & Company, or Ruger for short, is an American firearm manufacturing company. They are headquartered in Connecticut. The company has been listed since 1969. RGR is a S&P 600 component. Ruger has production facilities in New Hampshire, North Carolina, Arizona and Connecticut. They produce rifles, shotguns, pistols and revolvers. + +Strengths: +- Largest firearm manufacturer (#2 in pistols behind SWBI, #2 in rifles behind Remington [now in chapter 11 bankruptcy]) +- Low payout ratio +- Low PE ratio +- no debt +- High projected returns +- High yield + +Risks: +- Inconsistent dividend- fluctuates +- High yield + +## Financial History and numbers + +RGR: +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/RGR/dividends/dividend-growth) as of Aug 01, 2022 + +Numbers from [Macro Trends](https://www.macrotrends.net/stocks/charts/RGR/Sturm,/revenue) as of Aug 01, 2022 + + +Stock | RGR +-----------------------------|-------- +P/E Ratio | 11.41 +Stock price | $66.13 +Current Annual Payout/Share | $2.72 +Yield | 4.11% +5 Yr Div Growth Rate | 12.8399% +3 Yr Div Growth Rate | 43.79% +1 Yr Div Growth Rate | 30.59% +Years Of Growth | 2 +Current Payout Ratio | 40.02% +Free Cash Flow / Share | 1.3567 +Revenue (ttm) | 0.713B +Debt / Equity Ratio | 0.0 +Debt / EBITDA | 0.0 +EPS | 5.8 +ROI | 41.90% +ROA | 34.70% + +For a company with 0 debt, these stats are good in many ways. The revenue is cyclical, but seems to be hitting higher highs over time. The dividend leaves much to be desired with regards to stability but outside of a period of 2005-2009, the company seems to be committed to paying out their dividend. All with a 40% payout ratio. + +I will now use the 3 year dividend growth rate to project further. + +Year | RGR +------------------------| ------- +2022 | 3.9111 +2023 | 5.6238 +2024 | 8.0864 +2025 | 11.6274 + +For another way, let's use historical payout ratio to project out. + +YEAR | RGR +----------------------- | ------ +EPS estimate 2021 | 6.8 +EPS estimate 2022 | 6 +2021 dividend | 2.721 +2022 dividend | 2.4012 + +## Final Thoughts: +The main reason I am not invested in RGR is that I do not like inconsistent dividend paying positions. So I never desired looking more into the company. There may be plays to be had ever since Remington filed for chapter 11 again. + +Also to nip this in the bud, please keep the discussion to the company and dividend focused. I’m taking a gamble on this one since I do not want discussion to devolve into gun control or political drama. + +Weekly price estimate for a future date, via consulting the crystal ball: +Predicted price for RGR for Dec 16, 2022: $57.63 (Bearish). There is no factual basis that I will give. + +I hope someone out there found this post interesting. Please supplement this with your own research. + +Thank you for reading, please give me feedback so that I can increase my standards for future analysis posts. If I have made a mistake, please correct me. Or if you have one that you want an analysis on, I might pick a comment to do an analysis of if I don't have any spice stored for the week. +Moody's lowers El Salvador's rating to hurt their credit rating over the new bitcoin law. [https://finance.yahoo.com/news/moody-lowers-el-salvador-rating-005830979.html](https://finance.yahoo.com/news/moody-lowers-el-salvador-rating-005830979.html) +I look forward to obtaining an internship in the finance industry soon. Hopefully I can become part of a very lucrative investment firm. I understand that by being bilingual can put me ahead of others in the hiring process. Asai is an emerging market in the finance industry and so that's why I want to learn either Japanese or Mandarin. What language should I pursue? Difficulty is not a factor in my decision. I more or less want to know your opinion on which language would most beneficial. + +Edit: Thanks for all the insightful replies! +The hacker setup a whole bunch of malicious servers. + +If someone's Electrum Wallet connected to one of those servers, and tried to send a BTC transaction, they would see an official-looking message telling them to update their Electrum Wallet, along with a scam URL. + +- https://user-images.githubusercontent.com/29142493/50359293-8780b500-055c-11e9-8cfd-83b342edeffb.png + +- https://np.reddit.com/r/Electrum/comments/a9x374/my_electrum_just_got_hacked/ + +- https://github.com/spesmilo/electrum/issues/4968 + +The hacker has already stolen 200 BTC (nearly $800,000), at this one address (he has multiple receiving addresses). + +- https://www.blockchain.com/btc/address/14MVEf1X4Qmrpxx6oASqzYzJQZUwwG7Fb5 + +--- + +UPDATE: The hacker seems to be consolidating his stolen BTC here (243.6 BTC; nearly $1 million): + +- https://www.blockchain.com/btc/address/1MkM9Q6xo5AHZkLv2sTGLYb3zVreE6wBkj + +--- + +UPDATE: Now I'm being quoted in news articles. + +- https://www.forbes.com/sites/billybambrough/2018/12/28/bitcoin-dives-sharply-as-ripple-xrp-and-ethereum-lose-ground-heres-why/ + +- https://cointelegraph.com/news/phishing-attack-on-electrum-wallet-nets-hacker-almost-1-million-in-hours-report + +- https://www.financemagnates.com/cryptocurrency/news/hackers-steal-250-btc-from-electrum-bitcoin-wallets/ + +--- + +ADVICE: Ignore any "update" notifications in Electrum. I'm not 100% certain, but if you never downloaded the "update", your wallet & funds should be ok. As for usage, I'd personally avoid using Electrum wallet for a few days, until the devs figure everything out (the vulnerability hasn't been fully plugged yet). +Feel free to list anything here. RSUs, dividends, bitcoins, real estate rentals, AirBnB, apps you developed yourself, your own startups, etc. + +Also, is it completely passive, or do you have to spend some time? + +I’ll start: + +* FAANG RSUs. + +* AAPL and MSFT dividends. + +* various REIT dividends. + +* 5 unit rentals. + +The RE are mostly passive, paid 10% management fees for all of them. + +I mainly looking for inspirations on what else to do. +Yes, another health insurance post. + +I’m at the stage where money is not a blocker to fatFIREing, so it’s all psychological. One of those psychological barriers is health insurance. + +My question is: What steps did you tactically take to set up Obamacare health insurance that is ‘as good as’ cushy employer health insurance? + +By cushy, I mean that my premiums may be high, but I don’t have to ever think about whether my insurance will cover something. Pick the right specialist, no problem. Therapy? Covered. Out of network? Never happens, so far at least. Etc. + +I’ve started to navigate my state exchange website and saw the range of options from bronze to platinum. Should I print out my current employer plan and go line by line to see what matches? What are the areas that where Obamacare might come up short? + +Perhaps relatedly: I’ve enjoyed the free One Medical membership I’ve gotten (especially for the great telehealth care) so will definitely get a plan that allows me to sign up for One Medical, paying out of pocket. + +Many thanks for the help with this psychological leap! +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +From article: Vaccine Candidate TNX-1800 Protected Both Upper and Lower Airways After Challenge with SARS-CoV-2, Suggesting an Ability to Block Forward Transmission + +ABILITY TO BLOCK FORWARD TRANSMISSION! That’s huge! + +Article: https://finance.yahoo.com/news/tonix-pharmaceuticals-reports-positive-covid-110000971.html +Hi FatFire! After years of using Reddit (this is a throwaway) I feel like I’ve finally found my people! + +I have wanted to post my situation in r/personalfinance forever, but I’ve been afraid it wouldn’t fit. Anyways, I’m very happy to have found you. Now on to my situation: + +I am 28 and married, no kids yet but plan on 2. We currently live in a big city in Colorado but my family lives in a low COL state. My husband and I have $3m net worth, primarily from inheritance. We bought one rental property in cash (in a third state) that has appreciated about $60k in the 2 years we’ve owned it and is worth about $350k now. It generates ~$2.2k in income each month (after all expenses). + +I also have a trust fund that I do not have access to except as needed. It has $4.5m in it, which will go to my kids (compound interest calculators show it will be worth $20m+ when it finally goes to them). This fund pays my taxes, insurance, bought me a car, paid for $200k of my house, will pay for my kids’ health insurance/college/etc. when we eventually have kids. I don’t include this because any requests have to be made through a corporate trustee, and I can’t guarantee my future trustees will be so open to distributions. + +I work as a condo manager for a living and manage a bunch of residential buildings. It’s really soul sucking work, but I make 60k and have unlimited vacation, full autonomy over my schedule, and think of it as training to become a landlord. I also am getting my Master’s (free) in a real estate related field. My husband works in higher education and makes $75k. We max out his 401k, HSA and ROTH, but my job doesn’t offer that so we just max out my ROTH. + +I work in a soul sucking job and people are mean. I love real estate but I’m ready to be a landlord for a living and I don’t want to manage condo associations anymore. Our city is not a good place for landlords right now- properties are overvalued compared to the income they generate. I’m having a hard time giving up the proximity to skiing/hiking/rafting to move back to boring lowCOL city though. This is why I need advice. + +Currently, our tenantative plan is to move after I graduate/after one more snow season. We would first spend ~6 months to a year backpacking in lower cost countries. My whole family is in low COL state, so we would move there after and we would buy property and manage properties full time. We are considering purchasing a ~$300k ski condo here so that we could visit whenever and wouldn’t lose the benefits of living in Colorado. The goal would be for the condo to break even financially. + +Is this a viable plan? Should we stick it out at normal jobs or do we have enough in the bank to do this? How much capital should we put into investment properties and how much should we keep in our diversified/low cost index portfolio? + +Another concern is compound interest we’re currently missing out on. Should I start applying for jobs with 401ks and should we work hard to max two 401ks out until our mid-30s? Will it have that much of an impact? + +None of my siblings work so it’s frustrating being the only one plugging away if it’s not going to have a big impact on my wealth. My background is in business/marketing/real estate so I don’t have the unlimited earning potential of the doctors/lawyers/tech people who frequently post on here. + +I appreciate your advice and thank you for your help! +Thank you so much for reading and thanks in advance for the advice. + +Just turned 50 and have the opportunity to sell my business that I have been working extremely hard at for 19 years. For easy math I will be getting 10 million after taxes (gonna be hard to write that check to the IRS but that’s another post). + +I have been financially smart up until this point so have no debt including no mortgage. + +I do have kids and grandkids so with fun and travel, etc. my yearly budget is still around 400k. I am extremely fit, active and healthy so really enjoy sports such as wakesurfing, scuba diving, etc. (starting to read like a tinder profile). + +I am too young and too active to retire. Purchaser wants me to stay on and earn a meager salary so I will probably do that or find something else to do. + +Started investing at a young age but not sure how confident the am with this much money, especially since it needs to last the rest of my life. I have some money in a couple etf’s like VOO and SCHD and have a good amount in a Wealthfront account as well. Don’t have any bonds yet but I imagine now is the time to get into those. + +Just looking for advice if I should get an advisor or just keep going it alone? And if I do go it alone what would you recommend? + +Thanks Again +So it’s been around 3 months since I’ve paid my electricity bill. It’s around 200 dollars now. I know this doesn’t seem like much but when you’re as poor as me 200 feels like 20,000. I won’t be able to pay it because I am just barely even keeping up with my rent payments. I’m one month behind on rent so I’ve been trying to play catch up. So when will my power get cut off? I just don’t want it to be a surprise. +💜 LOF Cryptp (LOF) 💜 + +&#x200B; + +✅ Only $1.5 Million MCap right now, great entry point 📈🚀 + +✅ Over 30,000 holders + +✅ CoinGeko Listing (3rd Day) + +✅ Blockfolio Listed + +✅ CMC listed + +✅ Full Techrate Audit + +✅ Ownership Renounced + +✅ Doxxed Team + +&#x200B; + +🔒 LP, Team wallets and Marketing wallet Locked!!! + +&#x200B; + +🔥 Listed on Coinsbit with more to go 😏 + +&#x200B; + +🔥 Partnered with 15 Only Fans models and more on the way. + +&#x200B; + +🔥 Regular competitions for holders to win free OnlyFans subscriptions 👀 #FreeNudes + +&#x200B; + +🔥NSFW NFT market place almost complete. ETA end of June/ early July. Form of Payment will be LOF (First to do it) + +&#x200B; + +🔥 Staking farm available in different tiers to earn NFTs from our lovely models 🤤 + +&#x200B; + +👀 In talks with a top tier artists that is well known, 6.6M follower base. + +&#x200B; + +👀 In talks with celebrities and rappers + +&#x200B; + +TOKENOMICS: + +\- 3% burn 🔥 + +\- 3% reflection to holder💰 + +\- 3% sent to LP 🔒 + +&#x200B; + +&#x200B; + +🔎 Website - [https://lofcrypto.com/](https://lofcrypto.com/) + +🔎 Telegram - [https://t.me/Lonelyfanschat](https://t.me/Lonelyfanschat) + +🔎 Contract - 0xB3225aC90B741f762BecA76dEA1eaD278Ef26A96 + +🔎 Twitter/IG - LOFcrypto +Do you live in a LCOL city that you really like? Maybe you can talk about it a bit? I'm working in US on work visa but I don't really know that much about the country other than the big coastal cities. So anything you can talk about would be really interesting to me. +So here's a new one (at least i've never heard of it happening). + +Wife went through the interview process and got a new job - she was highly sought after. When they offered her the job they asked her to start ASAP, even going so far as suggesting she start the following week. My wife, however, has a job already and wanted to do the right thing and put in her notice. She did so, and set up her start-date with the new empolyer as this coming monday 12/6. Her last day at her current company is tomorrow. + +The new employer just called her and told her "things got caught up in the queue" and she won't be able to start until the beginning of January. + +Off the bat i'll just say this new employer isn't some fly by night company, it's a state university so I don't think anything shady is going on. However are we wrong to find this incredibly unprofessional? Do we have any recourse here? If you tell your new-hire to quit their old job and come agree on a start date, then MOVE the start date back a month you've essentially made them unemployed for a month. Is unemployment a possibility? + +Any advise here? Is reaching out to the new employer and asking for back pay once you start a valid option or is that insane? Oh and now she has no health insurance for a month... + +I don't know, we're completely at a loss here. It's a horrible time to be without pay for a month, it being the holidays and all. Any suggestions welcome! + + +EDIT: this “blew up” way more than I thought it would. Somehow I am always surprised at the wealth of knowledge and the willingness to help that this sub always gives back. I don’t know - thanks everyone. I’ll be reading through and I appreciate the advice. +This site reviewed three trailing stop loss studies that were all based on the historical daily chart and at least one was a momentum strategy. I think the results are statistically significant enough to apply to daytrading without a doubt. + +TL;DR: A trailing stop loss of about 15% - 20% both **significantly** reduces losses and increases profits for the style of trading they were testing. + +* Article: [https://www.quant-investing.com/blog/truths-about-stop-losses-that-nobody-wants-to-believe](https://www.quant-investing.com/blog/truths-about-stop-losses-that-nobody-wants-to-believe) +* Study 1: [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=968338](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=968338) +* Study 2: [https://www.lunduniversity.lu.se/lup/publication/1474565](https://www.lunduniversity.lu.se/lup/publication/1474565) +* Study 3: [https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=2407199](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2407199) +Guys, I have come up with a plan we can all follow and we will all be rich. + +First, we all make new Spotify accounts and do not upgrade to premium, so we will get ads. Then, we change the settings on our computers to never fall asleep while we leave Spotify running random music 24/7 (probably with headphones plugged in or just the sound muted). Since Spotify will be making a ton of money off of this, we buy calls before their next earnings report. As a bonus, we can stop running Spotify 24/7 and then buy puts for the next earnings report. There is literally no scenario where we don't make a ton of money. +Step 1: Enroll in college + +Step 2: Take our massive student loans + +Step 3: Buy puts on the market + +Step 4: Make literally shit tons of money + +Step 5: Daddy Bernie forgives your loans + +This literally can’t go tits up +Good evening reddit, + +Unfortunately one of my friends has had both parents have a stroke in the space of 18 months and it has turned his life upside down. + +The parents both have run a family owned mechanics for most of their lives, the wife fell ill 12-18 months ago with a stroke and requires care which was provided for by father and son. + +Unfortunately the father had a stroke this weekend, leaving my friend in a situation where he is worrying about the future of care, business and even his own living arrangements. + +I've advised him to speak to the nurses re: stroke, citizens advice about his situation with care and hopefully a family solicitor. Normally the father would be the go to for anything business or money related but given his condition my friend is incredibly worried. + +Am I right in thinking the solicitor will be a key person to talk to in this situation, and should be of most help with regards to estate, managing care and the business. + +Any help/advice or resources would be greatly Appriciated, thanks in advance. +So I just recently started making a little over 40K. My girlfriend doesn’t make as much, but we’ve been wanting a place of our own and so we signed a one year lease for a $950/mo apartment. We’ve been together for 3 years and thought this was a good step. Her parents knew we were doing this, but as soon as they found out she was also on the lease (not just me) they went bonkers. They say that since she’s their dependent, she’s a liability to them now if something goes wrong. If I die or get mangled, or whatever, the realtors told us we could break the lease by finding new tenants. I told the realtors I was the primary earner, but they did insist that all full time occupants be accounted for on the lease. We didn’t see a problem, but her family is literally ready to disown her and cut her off from the car they got her, rescind their offer to give us a bed and some kitchen supplies (which is whatever, I can afford those, it’s just a shitty game they’re playing.) She works and can afford a car with careful planning, but it’s a really aggravating setback. Bottom line, as a first time lease signer, did we make a mistake? It all made sense to us both until her parents went off the wall. +My mom told me she got a house visit from the IRS stating that they wanted to talk for an hour and a half to ask her questions. She also never received her tax returns all year. + +Anyone know what this might be about? Did her tax preparer do something wrong? Did she do something wrong? What should we expect if we’re getting house visits and calls from the IRS? +Lightning Network (mainnet): [1323] (https://twitter.com/LNstats/status/978255245632528384?s=19) + +Bcash (Bitcoin ABC): [1280] (https://cash.coin.dance/nodes) + +Not to mention most Bcash nodes are hosted on some Chinese cloud. The actually node count is way smaller. +The more I think about it, the more amazed I am by what Crypto.com has done and is doing. + +The crazy good marketing and ideal domain name are obviously **huge** things, but they receive almost all of the attention. The product itself is where CDC truly excels and why it will become the biggest exchange. + +To offer a card that gives you free Spotify and Netflix is absolutely genius. In one single swoop it cuts away all other reasons needed to explain to someone what the hell crypto is about and why on earth should they be interested in it. + +It doesn't get any more understandable than "Free Netflix and Spotify". That's the hook that makes people perk up and listen, because they *get it*. And then they're ready to hear about some of the other benefits. "So you're telling me it's like a bank except **they're** the ones paying **me**?" + +It also puts Crypto.com in great company by association. Because "We're the Netflix/Spotify of cryptocurrency" is precisely the position they want to be in and are marching towards. + +CDC and its advertising will bring hundreds of millions of people to cryptocurrency. Add in the forced staking, another stroke of genius, and they'll have hundreds of billions of dollars in the vaults. This company will be like the whole world's crypto bank if it succeeds. + +People compare BNB to CRO and think BNB's market cap is close to the max CRO can reach, but with the vast hordes of new users about to enter the game, I think CRO will far surpass BNB in the coming years. + +Yes, you could say I'm bullish on this one. I'm also scared about the giant being built (please don't be evil), but for now this one seems like a very obvious investment. +Have a feeling today could be bloody! As DFV would say "Hang in there" and RC would tell us "Buckle Up" + +The standard GME thesis is that a market correction will force shorts to close right, well be ready to embrace volatility. As the correction begins be ready for GME to play the same game and fall with the rest of the market. THEY WILL DO EVERYTHING to stay solvent and the last hurrah of shorting will come in. Once the dust begins to settle GME will go stratospheric, orbital, and intersteller as allllll those failed margin calls make the computers go BRRRRR. + +TA;DR BUY, HODL, Buckle Up, we're going for a ride. +#Intro + +I have written previously about bonds in "[The Luxury of a High Savings Rate; or Who's Afraid of Bonds?](https://www.reddit.com/r/financialindependence/comments/prt2ev/the_luxury_of_a_high_savings_rate_or_whos_afraid/)" + +In this post I'd like to highlight a few other reasons bonds may have a place in the accumulator's portfolio. + +____ + +# Shannon's Demon, or the Rebalancing Bonus + +Claude Shannon, the famed "father of information theory," devised an interesting financial game that demonstrates the "free lunch" of rebalancing a diversified portfolio. If you rebalance a portfolio between two non-correlated assets, even if they both have zero average return, you get a [positive return](https://imgur.com/o2bY86P) seemingly out of nowhere. You can read more about Shannon's Demon and its implications for portfolios [here](https://breakingthemarket.com/the-great-age-of-rebalancing-begins/). + +It's worth noting that the rebalancing effect only gives you an absolute return advantage if the returns of the two sub-assets are approximately equal. The highly-cherry-picked period from June 1986 to August 2010 is a good illustration of this. VFINX (S&P500) and VUSTX (Vanguard Long Term Treasury) had a CAGR of 8.48% and 8.52%, respectively. [A 50/50 split that is NOT rebalanced yields a CAGR of 8.50%](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1986&firstMonth=6&endYear=2010&lastMonth=8&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=0&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=100&allocation1_3=50&symbol2=VUSTX&allocation2_2=100&allocation2_3=50), or the precise midpoint of the two separate assets. + +When you rebalance annually, however, [Shannon's Demon appears and you see a CAGR of 9.17%](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=2&startYear=1986&firstMonth=6&endYear=2010&lastMonth=8&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=100&allocation1_3=50&symbol2=VUSTX&allocation2_2=100&allocation2_3=50), quite a bit higher! + +The same effect occurs if the two separate assets have different long term returns, but the demonstration is more subtle. For instance, 100% Stock has had a CAGR of 10.46% since 1987 while 100% Total Bond has seen 5.33%. The 50/50 portfolio with annual rebalancing has seen 8.26%. This is obviously not as high as the 100% Stock return, but it is higher than the pure arithmetic average by around 0.37% per year. As Kitces puts it, "[Portfolio Rebalancing Usually Reduces Long-Term Returns \(But Is Good Risk Management Anyway\)](https://www.kitces.com/blog/how-rebalancing-usually-reduces-long-term-returns-but-is-good-risk-management-anyway/)." +____ + +# Increasing Timeline Certainty + +One common thread of questions during the recent downturn this year is what effect the downturn has had on retirement timelines for folks who were approaching their FIRE number. Both stocks and bonds have been battered, making this a particularly unpleasant market run for pretty much any portfolio. That being said, holders of bonds have generally seen them [temper downturns](https://imgur.com/jAM9MDW) and smooth performance overall ([link](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=2000&firstMonth=1&endYear=2013&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+US+Stock&portfolioName2=100%25+US+Bond&portfolioName3=60%2F40+Stock%2FBond&asset1=TotalStockMarket&allocation1_1=100&allocation1_3=60&asset2=TotalBond&allocation2_2=100&allocation2_3=40)). + +We can take a more systematic look through two tools available at PortfolioCharts: [Financial Independence](https://portfoliocharts.com/portfolio/financial-independence/) and [Savings Rates](https://portfoliocharts.com/portfolio/savings-rates/). + +The tools are fairly self explanatory, but when looking at the historical time to FI for a 50% savings rate, a 60/40 portfolio has achieved this in 12-18 years, or a midpoint of around 15 years. When looking at the same savings rate for a 100% US stock portfolio, it's been a range of 10-20 years, or roughly the same midpoint. What you gain from the high equity portfolio is the potential to retire two years earlier; what you risk is the possibility that you're in the workforce two extra years on the long end. Some of this effect can be mitigated by de-risking the portfolio as you get closer to the FI number (see the conclusion for more detail). + +Another interesting perspective is provided by the Savings Rates calculator. With a 60/40 portfolio, someone looking to retire in 15 years with 80k of income and a 1M FI number could get there with a minimum savings rate of 32% or a maximum savings rate of 70%. That is to say, in the best case scenario a 32% savings rate would have them reach FI in 15 years; in the worst case they'd have needed to save 70% to get there on time. For a 100% US stock portfolio, those numbers are 23% and 87%, respectively, reflecting the better best-case and worse worst-case scenarios. + +____ + +# Conclusions + +Bonds can increase the risk-adjusted return of a portfolio through periodic rebalancing. That is to say, even though overall returns are reduced, the volatility of your portfolio is reduced *even more*, resulting in a non-negligible "free lunch" return premium beyond what you would expect from the simple averaging of the stock and bond portfolios separately. Furthermore, bonds can reduce "timeline" uncertainty either throughout accumulation or as the saver approaches their FI number. For those curious about how and when bonds can be introduced to minimize overall time to FI, see this great old post on [dynamic asset allocation for optimal accumulation and decumulation](https://www.reddit.com/r/financialindependence/comments/dnw72j/dynamic_asset_allocation_for_optimal_accumulation/). + +____ + +Note: Returns are include reinvested dividends and distributions, and are expressed in nominal terms. Inflation adjustment does not change the directionality of the result nor its magnitude significantly. +I would consider myself a very moral person, I invest but I'd still rather money go to the average person than a corporation. Like if a large company i have money in gets slapped with a deserved fine or lawsuit im happy even though I will lose money + +I could never invest in tobacco, oil, defence, MLM stocks like herbalife, diamond mines, huge shady banks like goldman, or just morally abhorrent companies like nestle and Monsanto + +I know you could make the argument that every company is actually morally abhorrent because they exist solely to make money and I'd agree with you, but in a late capitalist world where the wealth gap is higher than ever and social climbing is at the lowest it has ever been you have to make bread in some way or another + +I absolutely loathe war profiteers, I loathe tobacco companies because my grandad died of lung cancer, I loathe mlm stocks because they trap average working people in debt, I loathe diamond mines for creating artificial scarcity and for hiring mercanries to murder striking diamond workers. So why would I give my money to any of them and contribute to helping them reach their goals? How would it be moral to profit off these bloodsucking leeches? + +I know wallstreet is sociopath/psychopath central, I mean they collapsed the global economy in 2008 because they were making so much money fucking over the average person but I really hate that attitude that you should leave morals at the door when investing. With that attitude these companies will continue to exploit and hurt people, "someone has to profit why not it be you?" why does anyone need to profit off it? I have seen a few comments on reddit saying that they would invest in a company even if it used slavery which I find sickening + +Does anyone else not invest in certain companies/industries out of their moral beliefs or do you leave morals at the door? +First and foremost, let me say I am far from an expert on this. I'm going based on some mildly-informed reading in various places. I am posting this here as much to make it visible for impacted FIRE folks as to invite corrections and updates from people who are more well-informed than I am. So if any of this is wrong, please blast away. + + +Many people may be unaware, but the largest revision to Federal financial aid in quite some time quietly happened last year along with the stimulus. While there are many changes that may or may not impact FIRE folks as a whole, there are two changes that I think might be of real interest to people here, particularly for anyone who intends on FIRE'ing with an AGI in the $40K-$60K range. + + +The changes made to the FAFSA will take effect in 2023-2024 school year and will be based on tax information from 2021. Families who will have kids applying for financial aid in the first year of the new FAFSA will do so using IRS information from this year, so anyone with a high school sophomore this year needs to be planning right now. + + +The first big change I think is potentially relevant to a lot of FIRE folks regards a new additional method by which families can get maximal financial aid eligibility without any detailed consideration of their full income flows or assets. While the traditional methods of qualifying for an auto-zero EFC (renamed SAI in 2023 and beyond) and the simplified needs test remain with some updates, a new path has been established to provide a vastly simplified method of eligibility based solely on AGI, family size, and the Federal Poverty Line (FPL). + + +Starting in 2023, anyone who meets certain AGI limits will not only be granted the maximum Pell grant, but will also automatically qualify for an auto-zero SAI and a complete exemption from any asset reporting/consideration. This is huge considering that many FIRE folks might fall in to those brackets if they don't have mortgage or car debt and live outside of HCOL/VHCOL areas. The new formula for this pathway is AGI of up to 175% of the FPL for dependent students with two parents and AGI of up to 225% FPL for dependents with single parents. + + +By way of example, a married couple with two kids with a 2021 AGI of up to $46K will automatically qualify for maximum Federal financial aid regardless of their actual income flows or assets. For a family with three kids that jumps to a little over $54K. This not only dovetails with AGI requirements for ACA subsidies, which many FIRE folks plan to make use of, but is also beneficial considering the effective default double-counting on the FAFSA of the money flows from a Roth conversion ladder, which many FIRE folks also plan on using. Someone planning on FIRE'ing with a particular annual budget might find it very beneficial to restructure their debts and such so that they can get their budget down to under the AGI cliff. + + +In addition, the new FAFSA is supposed to pull all tax data from the IRS directly, so these things should happen automatically (or not) depending on what you file for your 2021 return. If your IRS data pull meets the auto-cutoff, than you likely will not even be presented with the asset questions. Full income info will still be collected because the new FAFSA regs allow for a final SAI down to -$1,500 if your income details merit it. + + +The second big change is one that mystifies me, but it seems to exist nonetheless. 529 withdrawals from accounts owned by grandparents will no longer have any impact on the FAFSA, a huge change from the 50% impact on future years that comes now from having to report such withdrawals as unearned income for the student on the next year FAFSA. So 529s held by the student or the parent will count as assets, but 529s held by grandparents will be invisible, with no reporting on the asset section or the income section. + + +That's huge for anyone with a 529 held by their grandparents. I have no idea if it is easy or allowed to migrate existing 529 plans from being the parent's name to being in a grandparent's name, but if it is, then I expect we will see a lot of that moving forward. I can only think that it's a relatively rare thing for there to be large grandparent 529s, so the gov folks thought it was worth the trade-off cost-wise for a little bit of simplification. + + +Again, please let me know if any of this is wrong. The full bill text, a summary, and a third-party press piece are all linked below for anyone that wants to delve in. + + +Here's a link to the full text of the full stimulus bill. The FAFSA SA text starts on page 1,956. (https://www.govinfo.gov/content/pkg/BILLS-116hr133enr/pdf/BILLS-116hr133enr.pdf) + + +Here's a link to a summary of the changes made by the FAFSA SA. (https://www.aau.edu/sites/default/files/AAU-Files/Key-Issues/COVID-19/FAFSASimplificationActof2020_%20SECTIONBYSECTION_CLEAN_lms12.17.2020.pdf) + + +Here's a link to a typical article summary of the changes in plain English. (https://www.savingforcollege.com/article/how-fafsa-simplification-will-change-financial-aid-eligibility) +Hi there, + +I owe 200k on my current PPOR, but have 200k in an offset account attached to the loan. + +I'm interested in purchasing a new place to live in and rent out my current place ( I have saved a separate deposit for the new place) + +Assuming the rent I receive goes directly towards the balance of the investment loan (principal and interest) it would take approx 10 years before it is paid off. I understand the tax benefits of maintaining a certain level of debt within the property and that I would have to pay tax on the income if it is positively geared, however i'm wondering if it would still be advantageous to pay it off now and allow that net rental income to subsidise my new mortgage. + +Is there a simple way of figuring out which way is better? + +I know in australian property investing there is a big emphasis on minimising tax, but the idea of having my new mortgage 30% subsidised by the rental income for the life of the loan is enticing. + +Thanks for your thoughts! +Hi all, well I just got denied for a pre-approval from a bank because my tax returns for 2019 did not show enough income to qualify. My income is from rental properties alone, from which I have joint ownership of two 2-family homes (no mortgages), and a 3-family rental (mortgage) also in the area. I'm stumped as to just how low they consider my income even though aside from how it looks on the tax returns I am netting quite a comfortable amount (around 80k). I'm curious if anyone has any alternative strategies that I have missed thus far. Someone just mentioned asset-based lending but in talking to a few people in that area it seems they mostly deal with commercial or small business loans only. + +Thanks! +Aspiring real estate investor here. Fundamentally, I'm trying to understand 2 specific items: + +1. Prior to purchasing a rental property, how do I compare the return of a rental property to a different asset class (ie. stocks)? And is this even possible? +2. After purchasing a rental property, how do I compare the actual return to a different asset class? + +The second item is very similar to the first, but I've read up a lot on return on equity when it comes to a "continue to hold" vs "sell and re-invest" decision analysis, and return on equity isn't exactly an overall / big picture metric. + +&#x200B; + +For example, let's just assume the S&P 500 annualizes at \~10% and I want to be able to beat that benchmark with real estate investing. The following return metrics to choose from rental property analysis would be the following (please correct me if I'm wrong): + +**Cash-on-Cash** = \[1st Year Cash Flow\] / \[Total Investment Amount\] - Only valid for the 1st year of holding. Can someone confirm that it's valid to compare this number to the 10% annualized S&P return? + +**Total Annualized ROI** = {1 + \[Total ROI\]} \^ {1/(Number of Years Held)} -1 + +where Total ROI = { \[Total Cash Flow\] + \[Total Appreciation\] + \[Total Loan Principal Paydown\] }/ \[Total Investment Amount\] - Gives overall return figure but doesn't account for time value of money. Is it valid to compare this to the 10%? + +**NPV** = I won't bother typing this out - My understanding is that the discount rate that you choose is supposed to reflect your best alternative. In this case, I would choose 10%. If the NPV value returns a positive number, is that to say that the rental property (with future projections, of course) will perform better than the 10% annualized return? Can you even use NPV for different asset classes? + +**Return on Equity** = \[Current Year's Cash Flow\] + \[Current Year's Appreciation\] + \[Current Year's Loan Principal Paydown\] / \[Current Equity\] - Is it valid to compare this figure to the 10% S&P return? I also have trouble wrapping my head around this metric as a whole. Based on the formal definition of ROE, this is saying that the property's appreciation and the principal paydown from the tenant is considered as income. Is this correct? Many sites/articles are all over the place in terms of what actually gets included in this metric (ie. the numerator as described above vs numerator only contains Cash Flow) and I really don't know what's valid when deciding to either sell or continue to hold. My understanding is that this is a metric to be used AFTER purchasing a rental property. + + +Additionally, the annualized 10% is just a capital appreciation amount. Would it would be more apples to apples if I included dividends as part of the cash flow analysis? + +&#x200B; + +TLDR: Is it possible to compare real estate investment returns to annualized stock returns? If so, what are the metrics and how are they defined? There are a ton of real estate investment return metrics to keep track of and I don't know which ones are valid to be used for comparison to alternative asset classes. + + +Edit: Added quick blurb about including dividends in stocks as cash flow +Does anyone have any ideas on how to avoid Capital Gains tax? + +Let's say I'm flipping houses in this instance. The average flip would be a 3-6 month turnaround. + +Is an LLC the best option or are there any other 'creative' ways to avoid paying Uncle Sam? + +Thanks. +I have a question for you experienced investors. Im learning about investing into real estate and this seems to be exactly where I want my money to go instead of stocks or other things. How do I get my foot in the door? Im a Dave Ramsey believer so I don't have credit cards or any credit. Im 23 and make 45k in the insurance industry. I start a promotion in July and my pay will increase to 63,500 a year. I don't have any desire for credit honestly... BUT I also believe in Grant Cardone too. He says multifamily homes is where you want to invest because of the cash flow and variety of incomes. How do I get there to owning an apartment complex for example.. +I have had a great tenant in one of my units for the past 2.5 years. Pays a few days before the end of the month every time. Low maintenance and has taken great care of my property. + +They are looking to buy and would like to stay in the property until they find a place. As such they have asked to extend the lease for up to a year (Mar 20-Mar 21) with a 90 day notice caveat. + +I want to work with them, but my fear is that they could give notice in September and leave me to carry the unoccupied unit through the holidays. + +Would you be ok with such an agreement? Should I just put in that they could not leave in December? + +The property is a loft, has great views, two parking spaces and is located in lower downtown (LoDo) Denver if that helps any. The loft style might factor in as it does not need to follow the school year moving cycles. +So I decided to do a little analysis with the raw data to see how bad the housing “shortage” really is. Really what I’m attacking here is the claim that “There was a housing shortage before covid and the pandemic has only made it worse.” Now I’m not talking about the supply of homes currently on the market, I’m talking about actual amount of housing units in existence and size of households. I cannot find data to support this claim. I primarily used Census data from 2010 to 2020. + +If construction is truly falling behind population growth, then the average household size would have to increase. More people living together since there are fewer housing units. However, in 2020 the average household size is at its lowest level in history, around 2.6. If there was truly a housing shortage this number would have to increase. + +Let’s look at the stats. + +2010: +Population: 303,965,272 +Housing Units: 130,038,080 +Households: 114,235,996 +Occupied Housing % (Housing Units/Households): 88% +Avg Household Size (Population/Households): 2.66 + +2020: +Population: 326,569,308 +Housing Units: 138,432,751 +Households: 122,354,219 +Occupied Housing % (Housing Units/Households): 88% +Avg Household Size (Population/Households): 2.67 + +So not only has the average household size not changed, but 12% of houses are either vacant, second homes, STRs, or otherwise not a primary residence. This has remained constant over the last decade. + +Okay, so there’s not a housing shortage? Well, maybe if we look at Single Family Homes, we will find it there. Maybe everyone is just living in apartments when they want to be in a SFH. + +Occupied detached SFH in 2020: 72,197,149 +Occupied detached SFH in 2020: 76,872,368 + +When dividing both of these into the total amount of households, we find that this also remains constant at about 63% of households living in detached SFH over this period. So nothing has really changed since 2010. + +Final thoughts: +I understand I only went back to 2010 and that there were major housing market change from 2000-2010, but still, I was surprised to see that construction does seem to be keeping pace with population growth over this period. +Am I missing something here? Interested to hear your insights or flaws in my analysis. Thanks. + +Sources: + +Total Population: +https://data.census.gov/cedsci/table?q=ACS%20dp05 + +Total Households and average size: +https://data.census.gov/cedsci/table?q=ACS%20S1101&tid=ACSST5Y2020.S1101 + +https://www.statista.com/statistics/183648/average-size-of-households-in-the-us/ + +Total Housing Units: +https://data.census.gov/cedsci/table?q=housing%20units&tid=ACSDT5Y2020.B25001 + +Occupied SFH Detached: https://data.census.gov/cedsci/table?q=ACS%20S2504&tid=ACSST5Y2020.S2504 +What are oracles? How do they work? And how do smart contracts benefit from them? I’ll try to answer these questions in this post. + +## Blockchain Oracles + +You may have heard of the Oracle problem. This problem is actually a very simple limitation, and that is that blockchains cannot retrieve or send data themselves to an external problem. In any case, this function is not built into the blockchain itself. + +As a result, blockchains are actually isolated networks that look suspiciously like a computer without an Internet connection. And that isolation is precisely what makes the blockchain so secure, because no one can access it just like that. + +The participants of the blockchain network check whether everything is done according to the rules, based on the consensus algorithm. For example, they check whether the transaction has been properly signed and whether the transaction can be made within a smart contract. This also makes smart contracts very trusted. They work exactly as they are made, and it is impossible to deviate from them. + +However, smart contracts must be connected to the outside world, so that they can be used in as many situations as possible. For example, smart contracts in the financial world need market information to pay for settlements, and smart contracts in the insurance world need certain information from the internet to make decisions about policy payments. + +Smart trade finance contracts need trade documents and digital signatures to know when to release payments. + +So you see that an awful lot of external information is needed before smart contracts can be used in all sorts of ways. And none of the above information is generated within the blockchain. So there must be a connection between the blockchain and external systems in order to set up a new infrastructure, also known as the 'Oracle'. + +Blockchain Oracles therefore in fact provide the data necessary to be able to execute smart contracts when the set conditions are met. A blockchain Oracle is the only way for the blockchain to communicate with the outside world. + +## What does a blockchain Oracle do? + +Blockchain Oracles are therefore the bridge between the blockchain and external systems that can provide the blockchain with information. In fact, it is the man-in-the-middle that takes care of the communication between two different systems. + +An Oracle has several functions to ensure that this communication can be established. + +Let's talk a little bit more about Oracles' key features: + +* Listens to the blockchain network to check for requests to fetch data outside the network to make smart contracts work. +* Retrieve data from different types of systems in order to be able to offer the requested data. +* Convert data to the correct format in order to allow different systems to communicate with each other. A blockchain cannot just communicate with any other system, because they are different programming languages, have different system requirements, etc. The Oracle takes care of the compatibility. +* Validate performance with a cryptographic proof that certain transactions, signatures and executions actually took place. +* Make calculations on data. Consider, for example, calculating the median, as well as performing more complex tasks, such as generating insurance quotations based on different types of data. +* Sending data and evidence to the blockchain and other systems, so that they can then perform the necessary actions. For example, smart contracts can perform actions based on the data that the Oracle sends. + +In order to provide the above functions, the Oracle must work on and off the blockchain at the same time. The part that sits on the blockchain is there for establishing a blockchain connection (to listen for requests), broadcast data, send evidence, convert blockchain data and sometimes perform calculations on the blockchain. + +The portion that works outside of the blockchain is for processing requests, retrieving and formatting external data, sending blockchain data to external systems, and possibly performing calculations in more advanced Oracle networks. + +## Oracle examples + +There are many different situations where Oracles can offer a solution. Consider, for example, betting on football matches. For example, you could place a bet with a friend about the winner of a match. + +You then put this bet into a smart contract. The winner will then automatically receive the reward. But the smart contract will have to know who the winner of the competition is. The fairest way is that it happens automatically, and no person has to enter the outcome. + +In principle, a smart contract does not interact with the competition. An Oracle will therefore have to be made so that the blockchain and the smart contract can read who has become the winner of the Classic. + +By means of a trusted API, the smart contract can read who has won the competition. Smart contract then determines who is the winner of the bet, and the money is then sent to the winner. + +In the absence of Oracle, the bet could not be settled fairly. Then there should be a person who enters who the winner is, but in that case there is a chance that this is not done completely honestly, because the importer can also enter something else. + +## Chainlink + +An example of an oracle platform is Chainlink. Chainlink wants to connect different blockchains as well as external systems. They do this by giving the smart contracts access to resources such as data feeds, web APIs and traditional bank details. These resources are provided by the affiliated agencies that can use the smart contracts in return. As a result, they do not have to switch to a new system themselves and can still use smart contracts. In addition to the fact that they are allowed to use these smart contracts, they also receive a reward in the form of LINK tokens for supplying data and APIs. When a party does this, they are called Chainlink Node Operators. They are then responsible for maintaining the connection between the API and the Chainlink network. The Chainlink network consists of all connected Node Operators. + +## Band Protocol + +Another interesting oracle platform is Band Protocol. The main difference between Chainlink and Band Protocol is that Band Protocol uses its own blockchain called BandChain, based on Tendermint, with a Delegated Proof of Stake (DPoS) consensus algorithm. It works in the Cosmos ecosystem. Chainlink, on the other hand, is not a blockchain, it is a kind of network of nodes that only work when oracles are solely focused on delivering data between entities. There is no blockchain of its own, because it is all based on Ethereum. + +## Conclusion + +With a blockchain Oracle we can have the blockchain communicate with central systems, so that much more is possible. Smart contracts in particular can make good use of this. + +Blockchain Oracles therefore ensure that we come a little closer to a future in which blockchain can play a major role. It builds a bridge between the world as we know it today and a world as it could be if we use blockchain. + +&#x200B; + +* Interested in liquidity pools? Read about them in [my previous post](https://www.reddit.com/r/CryptoCurrency/comments/mfk2oi/defi_explained_liquidity_pools/). +* Do you know how to [wrap a Bitcoin](https://www.reddit.com/r/CryptoCurrency/comments/mh2oc7/defi_explained_wrapped_bitcoin/)? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + + +# Have you heard of Credit Card Asset Backed Securities? Or Student Loan Asset Backed Securities? + +**TLDR; After shooting the shit with other Apes about how I wouldn’t be surprised if they were somehow backing securities based on people working, I dug and found that there are also CCABS and SLABS. For one particular SLABS alone 59% of people aren't paying back on their student loans.** + +With the ending of the moratorium we will likely see the failing of a variety of different backed securities. + +*Prerequisite:* + +*Go read my other DDs as they go into some detail about different securities like Rental/Aviation/Commercial Mortgage/Auto.* + +&#x200B; + +During the past year people have been buying up used and new cars like no one’s business. Interestingly people were have been able to avoid eviction. + +Not only have people renting been able to avoid eviction, but so have those who “own” their home and have a mortgage. Consider the fact that those renting may be renting from someone who owns their home yet is paying a mortgage. We will see this effect Rental Backed Securities and Mortgage Backed Securities because the renters will get evicted and people who own the homes could be “evicted” by the banks/foreclosed on from not paying their mortgage. + +Further more consider the fact that this does not just effect those renting a residential property, but also businesses who are renting a commercial property. Businesses who couldn’t pay staff, let alone pay rent. + +&#x200B; + +# Credit Card Backed Securities + +[FDIC: Credit Card Securitization Manual](https://www.fdic.gov/regulations/examinations/credit_card_securitization/ch2.html) + +&#x200B; + +https://preview.redd.it/cpbb7cosrre71.png?width=1741&format=png&auto=webp&s=e0e44aae6333a451f264b64e2183d0f12266b013 + +From what I've read it seems that credit card companies utilize CCABS to fund credit limits. Which is very fucking interesting given how limits have been lowered by all credit corporations. + +One can determine based on data of events that credit card limits are being lowered (I’ve experienced this firsthand without notice). Why would they need to be lowered if there was liquidity? If CCABS essentially help the flow of credit. + +>“Credit card securitizations differ from other ABS since the underlying credit card receivables have a relatively short life, typically eight to ten months, supporting the outstanding certificates, which typically have three, five, or ten year maturities. As a result of this maturity mismatch, each series issued out of the master trust is structured to have a [**revolving period**](https://www.fdic.gov/regulations/examinations/credit_card_securitization/glossary.html#gloss50) and a [**controlled amortization period**](https://www.fdic.gov/regulations/examinations/credit_card_securitization/glossary.html#gloss18) or [**controlled accumulation period**](https://www.fdic.gov/regulations/examinations/credit_card_securitization/glossary.html#gloss17). During the revolving period, the cardholders make monthly principal and interest payments to the servicer. The servicer deposits the payments into two separate collections accounts, one for principal and one for finance charges. The trust expenses are paid, including interest payments on the investors' certificates, from the finance charge account. New receivables generated by the designated accounts are purchased from the originating institution/seller with funds from the principal account.” +> +> "During the revolving period, the cardholders make monthly principal and interest payments to the servicer. The servicer deposits the payments into two separate collections accounts, one for principal and one for finance charges. The trust expenses are paid, including interest payments on the investors' certificates, from the finance charge account. New receivables generated by the designated accounts are purchased from the originating institution/seller with funds from the principal account. The revolving period is for a predetermined period of time that is established at the time the series (often referred to as the "deal") is structured. Following the revolving period, there is a controlled amortization or accumulation period. During the controlled amortization period, the principal collections are used to pay down the outstanding principal amount of the investor certificates. During controlled accumulation, the principal payments collected are deposited into a trust account and reinvested in short-term investments. These short-term investments become the collateral for the outstanding investor certificates and increase as principal payments are received from the cardholders until the investments equal the amount of the outstanding investor certificates in the maturing series. The investments mature at the same time allowing the trustee to make a bullet payment to all the investment certificate holders. Most credit card ABS are structured using controlled accumulation and bullet payments." + +Well we see why here. Essentially it’s a revolving door. So rather than having the securities having a longer life in comparison to other asset backed securities, these only last a few months. + +In addition to these other backed securities we have... + +&#x200B; + +# Student Loan Backed Securities + +[Student Loan Asset-Backed Securities: Safe or Subprime? (investopedia.com)](https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp) + +&#x200B; + +“Unlike private lenders, the federal government doesn’t check credit records for student loan borrowers. This leads to many borrowers who aren't worthy of credit qualifying for loans and then being saddled with debt indefinitely with little hope of paying it back. This harkens back to the sub-prime housing loans that inflated the housing bubble. Investors should be wary of how much longer these aggressive student loan lending strategies can be sustained.” + +This is wonderful. Due to student loans being given regardless of credit, one can’t really say whether or not they will be able to pay it back. How does a ranking system accurately rate these bundled securities? + +Let’s look into the Student Loan ABS that [DoucheBank](https://www.salliemae.com/assets/investors/asset-backed-securities/2021-C/DistRpt21-C_20210715.pdf) and Sallie Mae have created together. + +&#x200B; + +https://preview.redd.it/n00e6lxfsre71.png?width=1296&format=png&auto=webp&s=1db628c9b8613f420b6e856a6743096abbf55465 + +&#x200B; + +https://preview.redd.it/4jqt2bngsre71.png?width=1127&format=png&auto=webp&s=6690f018b7334fd4b31f14689da98993dea3ea45 + +It’s important to note a few things. If you are in school then you are not paying on your student loans. If you are having your loans deferred (usually because you’re in school but not taking out student loans) you are not paying. If you are in a “grace period” you are not paying. If you are delinquent then you are obviously not paying (haha). And if you are in forbearance then: You. Are. Not. Paying. + +If I subtract the dollar value of those current on their student loan payments (214,066,876.27) from the total principal outstanding for this student loan securitization (525,333,317.44), I have $311,266,441 that are not being repaid upon. + +From a percentage perspective alone this means that for this securitization alone 59.25% of folks are NOT paying on their loan. + +How do you think this will effect the backed securities? + +# Combine this knowledge with the knowledge of the CCABS, MBS, RBS, CMBS, AviationBS, AutoBS. + +# IT’S ALOT OF FUCKING BS. +Problem: We have a client in Egypt. Client owes us money, wants to pay us ASAP to continue service with us. Currently they can't pay us with a credit card (not sure why). A wire would take 4 days to get to us. + +So during the meeting the boss says "we need a secure and fast method of payment with the lowest transaction fees possible... So we decided to go with PayPal." + +I then suggested accepting Bitcoin then converting to fiat right away. The entire room proceeded to laugh right away and then it was suggested that "maybe we'll look at it next week." Kind of sarcastic... But I think what's happening is that no one really seems to get it. Bitcoin is a quick, secure way of paying with almost no transaction fees. Why people don't get this is still beyond me. Thought I'd share this story with you guys to illustrate how far behind we are as a society with adoption of this technology and how most people don't get it. +I currently make about 30k/yr... so this is a sizable chuck and I want to make sure that I can change my family's life for the better some. + +My current car is a POS and I currently owe more on it than it is worth.... BUT, the lot I bought it from told me (in writing) i can return the car to them at no penalty. + +I want to spend 10-15k on 2 reliable cars (10k/5k split) as it makes me and my wife's lives much easier. + +I want to spend about $7k (face value, i'm going to try to make deals with the creditors) to pay off everything I owe. + +I want to put away $25k to put a down payment on a house after I get my credit sorted. + +Am I off track? +Would it be cheaper considering that I only pay $400 a month for my one-room apartment? First off, I love cleanliness. Wiping down with wet cloths frequently would allow me to only take a shower once every 2 days or so, but I would still need to take a real shower at a truck-stop. + +Then there is the problem of using the bathroom. But I mostly do doordash and ubereats so I'm constantly at a store or a restaurant with a bathroom. But once in a while there will be times when I have to go at 4 a.m. and I'm not sure how to handle that, how to safely and legally dispose of it. + +There's lots of free parking and people would just see "a van" on a street with plenty of vehicles so that should avoid police harassment. + +As for food, I could have a huge meal at a buffet every two days and have a a few cans of vegetables or something in between. + +But you know, it does often cost money to be poor. And I'm wondering if this is one such instance where it would cost more money. I already don't own a washer or dryer, so I'm already having to put quarters into a machine, so that doesn't figure into it. + +As for water I'm thinking of maybe getting a water filter and getting it from the lake. But I'm not sure of the legality of that. +I'm on a path for (eventual) FIRE and I want to get rid of some of my biggest expenses, and a car eats up about 33% of my currently rather small income. Also I hate it because it keeps giving me issues and I'm about to drop $400 on it between towing and service fees because it decided to lock-up because it thinks it was stolen or something. + +My lease ends in October. At this exact moment I have five requirements for wherever I end up: + +1. Cheap. Right now I have 2 roommates and spend $250/month on rent, plus another $150 between utilities and internet and shared household items. + +2. No car. I'm very tired of my car, my insurance is really high because of an accident in November that totaled it even though I only got my license in October. I'm a young, and bad, driver. + +3. Warm. I can stand the cold, but I absolutely despise it. My ideal world would never get below 80, but I'll settle for a place that doesn't drop below freezing more than like... twice a year. Right now I live in Saint Louis, Missouri, and all these ice storms are reminding me why I hate winter. It seems just my luck that all the big cities with good public transit get freezing. + +4. Vaguely pet-friendly. This is what pretty much bites me in the butt everytime. I have two cats that absolutely need to go with me. Then I have three ferrets that I would REALLY like to go with me. I'm not even sure how ferrets fall under most pet agreements, they technically live in a cage like a guinea pig, but they're also technically exotic. I hate to admit it, but I'd be willing to rethink them if I need to. My pets aren't too big of a financial drain, thankfully, but they do cost me $50-$100 a month. + +5. Big enough that there's 1 or 2 Starbucks in the immediate area. No, I don't have a caffeine addiction. I work at Starbucks right now and will until I finish school as I'm completing my bachelors degree. + +I'm starting to look toward Houston. I really want to live in southeast Florida, but Miami and Orlando both seem terribly expensive, and I don't know much about Tampa. But I'm assuming I'll have to wait on Florida for now. + +I feel like if I had just 3/5 of these things I could save so much more. Right now my expenses are ~1k a month, and I earn between ~1.2-1.5k. Just looking for suggestions. +In a move that promotes industry collaboration, The Digital and Blockchain Foundation of India (DABFI) and the IAMAI merged in November 2017 with the aim to popularize blockchain technologies in India and build an advocacy platform for cryptocurrency in India.  + +This is positive and bullish news, and it is sure to drive up investor confidence and in turn, bring in fresh funds into Bitcoin. + +Full report at - + +https://factordaily.com/degree-certificates-india-blockchain-project/ +Hi, I’m new to dividends investing. I’ve been watching Andrei Jikh’s videos on YouTube. Is he legit? Also he has a membership plan on Pateron for $8/mont which gives access to his portolio, and spreadsheet for easier dividends tracking. Is it worth to be a member? Thanks +I am currently 20 years old with about $3000 invested, with another $1500 transfering. I mainly use robinhood as I started with it two years ago and I honestly like the UI and design cause I do all my research and analysis off app. + +I have just recently sold off a lot and completely restructured after starting to take my investing seriously, like within the last month so a lot is still working but I am currently set to be making about $95 a year in dividends and I would like to get that up to $1200 a year by the end of next year. + +I am right now playing rather safe with 64% of my holdings in ETFs and the other 36% in stocks which I will break down below. I've chosen to take a more passive approach as I like the passive income that it brings and I'm not looking for the next 2x stock or the next Tesla, though I will say that if you have any stock suggestions I would love for you to put them in the comments and I will definitely do research on the companies! + +So my current portfolio consists of this: + +ETFs: | $VOO 1.22% | $VTI 13% | $VXUS 9.96% | $VEU 9.66% | $SCHD 2.14% | $SPHD 27.51% | + +Stocks: | $O 8.16% | $AAPL 8.86% | $KO 14.36% | $JNJ 5.11%| + +I am also currently looking at $XOM, $EPD, $BYND, $BLK, $NNDM to expand into, some for diversification into different fields and some for the growth factor. + +Let me know what you think, any resources you would recommend I read, any stocks i look into, etc. and thank you for looking! + +Hope you all have a great time investing and I look forward to seeing your comments!! +Good morning all, I’m incredibly new to dividend investing and wish I gotten into it sooner after seeing most of your beautiful gains. After serving in the Marine Corps I am serious about long term investments that will pay when I’m older. What are the pro/cons to dividends versus real estate investment properties? I know I could do both but realistically what could be better with a 100,000 dollar investment? Are there tax breaks to dividends earned? I’m still doing a lot of research on both sides. + +From what I’ve seen, dividends are a buy it and leave it for a long period of time and let the “drip” continue correct? As where real estate is a little more involved unless you have a property manager who takes 8-10% of your rental profit. What are your thoughts? +So, got a call today from my parents, in their 80s to look at their retirement account. Long story short, they were paying close to 2% in management fees. I'm not going into the details of why they waited this long, but regardless, now they're asking for help. + +They just pulled 40 grand and need to roll it over. They also have about a $3000 per year shortfall after their other sources of income. Frankly, with that amount, I'm tempted to just put it in the Quadfecta, which should generate $3k in dividends. Enough to cover the shortfall. + +Any other suggestions? I thought about throwing 5 to 10% into USOI or another CEF to boost the return a bit and give them some play money. Just a reminder. My dad is 82, mom is 81. Most growth funds are NOT an option as I need to try and pull about 7.5% to 8% overall for this to work for them. Their health is good for 80, but I'm foregoing any straight growth as I'm not sure with some other health issues that they will make 90. +Hey Folks, + +To tell this quarter was volatile is a gross understatement. My heart goes out to everyone suffering as a result of this tragedy and urge everyone to practice social distancing. This volatility on the other hand created so many opportunities. I wanted to publish my updates for this quarter. Sharing it helps me engage with the community and think about my picks and helps me stay on path to dividend investing. Here are the companies that paid me dividends this quarter: + +&#x200B; + +[Q1 2020 Dividends ](https://preview.redd.it/4fuzr16kd8q41.png?width=605&format=png&auto=webp&s=75ddd1b3a5106350d4330cc744a1105c71d58660) + +Here is the same data in bar charts + +&#x200B; + +[Q1 2020 Bar chart](https://preview.redd.it/uia38ox2e8q41.png?width=1217&format=png&auto=webp&s=232b36d30f4f5940f9fa6214cd6072aba327fed6) + +I added to a lot of my existing positions like CSCO, WFC, O,STOR, PFE, DIS & KTB which were well researched before hand during the crisis. I also opened a new position in HON which I think is very safe dividend. [Check out my rational](https://wealthcapitalist.com/investing/dividend_investing/quarterly-dividend-update-q1-2020/?utm_source=reddit&utm_medium=referral&utm_campaign=generic_all) for these and my game plan for Q2 2020. + +Thankfully I had no dividend cuts so far. It will be interesting to see how Q2 pans out. + + Also feel free to check out how I create my dividend tracking spreadsheet and [create your own here](https://wealthcapitalist.com/investing/dividend_investing/how-to-make-a-dividend-tracking-spreadsheet/?utm_source=reddit&utm_medium=referral&utm_campaign=generic_all). + +How did your dividends fair in Q1 2020 quarter and what do you plan to buy in Q2? +Hi, I’m new to dividends investing. I’ve been watching Andrei Jikh’s videos on YouTube. Is he legit? Also he has a membership plan on Pateron for $8/mont which gives access to his portolio, and spreadsheet for easier dividends tracking. Is it worth to be a member? Thanks +**Top Undervalued Stocks April** + + **JP Morgan** \- JP Morgan is one of the world’s largest banks and financial services firms, with operations in over 60 countries and a workforce of more than 240,000 people. + +&#x200B; + +[JP Morgan Stock Price](https://preview.redd.it/bvz46uhbahs81.jpg?width=671&format=pjpg&auto=webp&s=dc8fca85d966ebd371d058271fc11f4baf976853) + +&#x200B; + +|PE Ratio|Free Cash Flow Per Share|PB Ratio|Div Yield| +|:-|:-|:-|:-| +|**8.88**|**26.23**|**1.38**|**3.05%**| + +&#x200B; + +[JP Morgan Div History](https://preview.redd.it/bdx5wg8fahs81.png?width=1000&format=png&auto=webp&s=908e507877f81b46a8ae7faabeffdb960925f440) + +**Dividends** + +When it comes to dividends, JP Morgan posses an excellent history of sustaining a dividend and growing it where it can. At time of writing, JP Morgan has a **Dividend Yield of 3.05%** compared to an average of **3.86%** when looking at other diversified banks. + +JP Morgan has a payout ratio of **0.25** & a 10 Year Average Dividend Growth per share of **3.34** compared to an industry average of 4.61. While lower this looks a lot more sustainable than some of the other options in this sector. + +Data from - [https://heydividends.com](https://heydividends.com) + +What are your thoughts on JPM? Personally I have added a couple to my portfolio, is anyone else doing the same? +So is this how the shortable shares enter the market? After being 'minted' at the MM (Citadel), they get handed off to brokers to offer for lending? I have so much to learn, but it's clear they don't just have 200,000 shares lying around that weren't already lent out previously. I always assumed that these were shorts that had been returned, but it struck me that this might be how they 'provide liquidity' - create them, give them to fudelity/ibkr/whoever else is in on the game, and then borrow them back so they can short sell them. Potentially to themselves? Is this possible? + +Wondering if any ape can maybe describe what the process would be for introducing those fakes to the market? It's yet another piece of the intricate mosaic of fuckery that I'm trying to wrap my head around... thanks in advance wrinkle brains! 🙏 + +https://preview.redd.it/6r54r2cynoc91.png?width=1008&format=png&auto=webp&s=4b57f93fee968c3f3f134ba57e9274d71a477a8f +Saw a guy thousands of upvotes and awards for trying to use Market cap to explain things. The thing is he used it incorrectly. + +I’m going to go ahead and explain how it actually works. + + +EDIT: I have went ahead and added a non-Dogecoin example of this to show this applies to all crypto - not just Dogecoin. u/RFV1985 assisted with providing non-Dogecoin example + +market cap comparisons can be applied to any cryptocurrency- however he and many try to use it to discredit Dogecoin as an example - so will I and you how to correctly use it. + +First - let me clear up some misconceptions that the guy used in his post + +1) Economically speaking Dogecoin can rise to whatever value the market dictates based off of supply and demand. As long as demand out paces the supply then the value will rise. - this apples to all cryptocurrency + +2) Mathematically speaking market cap = price multiplied by supply +MC (Market Cap) = P (Current Price) x S (Current Supply) HOWEVER - This is economics- not pure straight math. The order is important - The price or supply have to change FIRST - and THEN you get the market cap. + +3) YOU CANT CHANGE ADD OR DECREASE MARKET CAP TO GET A DIFFERENT PRICE - MARKET CAP IS NOT A MANIPULATABLE value you can only change the price and supply. The price and supply change the market cap - completely different. The reason for this is because Price and supply are independent variables and market cap is a dependent variable. What this means is that supply and price can increase or decrease independently, but market cap cannot. he cannot mathematically say price = market cap / supply and then try to change market cap to change the price because market DEPENDS on the price and supply + +4) *MARKET CAP DOES NOT MEAN TOTAL AMOUNT OF MONEY IN THE SYSTEM - A 6 billion dollar market cap does not mean there’s 6 billion dollars in the system. It means that the entire supply is “worth” 6 billion at the current price. people get confused so I wanted to clarify that. Simply adding money to the system does absolutely nothing to affect market cap in the same way it does not necessarily change the price/demand. The only two variables that change the market cap are price and supply nothing else can change the market cap. + +5) People use the “unlimited supply/infinitely being mined” argument as a way of saying the supply will continue to increase and therefore the market cap will continue to decrease and therefore the price is unsustainable. That is completely incorrect - yes there are 5.25 billion per year - but when taken into perspective with fiat currency - this number is extremely small. Dogecoin is indeed inflationary, but in the span of human life, Dogecoin is not infinite. In order to have an infinite supply requires infinite time. It would take 360 years for the supply to reach 1 trillion dollars. Which is less than the total supply of the US dollars fiat paper supply - for comparison. + +I will take this guys original point and explain it correctly. - his point is that based on market cap Dogecoin cannot hit $10 or 100. He used market cap Incorrectly when making his argument. + +I also see people asking what’s stopping Dogecoin from going to bitcoin levels? Well, The short answer is the supply of Dogecoin is high relative to the supply of bitcoin. Dogecoin has a current supply of 128 billion, which is why the price is lower and harder to change in value. It is easier for bitcoin to rise $1 in price because the supply of bitcoin is so low and the supply of Dogecoin is so high. It doesn’t mean that Dogecoin can’t rise in price - just that it’s harder. + +This is the long answer. +First, It is important to note that demand does not necessarily equate to adding dollars to the system in 1 to 1 ratio. Demand can increase without ever having to add money into the system, however, adding new money into the system does help. I see people saying Dogecoin requires X million dollars per minute to account for the increase in supply. That is just completely wrong, and not how demand works. Increased Demand just means more people willing to trade Dogecoin at a higher price than people willing to trade at the current price. No net increase in fiat currency needs to be added in order for demand to increase. + +Despite not having a capped supply, using the current supply known, as well as the mining rate to account for new coins entering - you can make comparisons to other cryptocurrency to get an idea of the demand required in order for Dogecoin to reach a certain price. The way to do this is through market cap comparisons + +Market caps REAL use is a comparison tool. It’s used to compare how successful a market is compared to other markets. + +If Dogecoin were to reach $1 today it would have a market cap of about 128 billion dollars ($1 x 128,495,957,919 circulating supply). Bitcoin (the most successful cryptocurrency) currently has a market cap of approximately $898,761,019,333 (~ $900 billion). This means that at $1, the total supply of Dogecoin would be “worth” about 1/7th of Bitcoins total supply. + +The take away from this comparison is that in order to reach $1 Dogecoin would require approximately 1/7th the current demand of bitcoin due to the differences in supply between Dogecoin and bitcoin. This is definitely not impossible, and an achievable goal. If Dogecoin were to reach the demand bitcoin has currently - its price would $7. Since bitcoin is the highest performing cryptocurrency, $7 dollars is the most realistic possible goal at current market conditions. Anything past $7 dollars per coin means that Dogecoin is reaching uncharted territory for cryptocurrency as it will have surpassed bitcoin. + +Now for the hypothetical extension of this comparison. Everything after this point is hypothetical since we don’t have a true comparison available in the market + +The estimated supply of the US dollar is about $2,000,000,000 (2 trillion), thus the market cap of the US currency is $2 trillion. If Dogecoin were to reach the equivalent market cap ($2tn / $128bn), the price per Dogecoin would have to be $15.60, thus matching the entire short-term US currency (M0 money supply in economics). + +This is definitely not impossible, but it is highly highly improbable to reach such value any time soon. If that were to ever happen, it would take years. Now, the entire supply of the entire worlds fiat (short-term liquidity / paper) currency is $37 trillion. You can apply the same logic from above and see that the value of Dogecoin would have to be $288.60. If it was valued any higher than that amount, Dogecoin would be "worth" more than the entire world’s short-term liquidity currencies combined. It could technically go past this point, but what that would mean is that the economy behind Dogecoin would be stronger than the entire global economy of today. At that value you wouldn’t even compare it to the dollar anymore because it already surpassed all fiat currency. It’s not impossible- but is is highly unrealistic to pass that point. It is important to note that this number is not static. Which means if the market conditions change such as an increase in supply or change in price the numbers will change. + +Here is another real world example: - not mine but I wanted to add it case it gets lost in the comments + +Thank you u/RFV1985 +This can also be explained with a real world scenario. + +As of the time I’m writing this, I am going to pick a low ranking alt...let’s use SPI (ranks #300 on CoinGecko). It has a $132M market cap. + +If I go to KuCoin, I see it currently trades for $141. Based on the order book, if I were to place a $1k market buy order, the price would then immediately jump to about $144 based on the supply of the order book. So my $1k market buy order drives the price up by $3. So I effectively increased its market cap by ~$3M with just a $1k order. So clearly, market cap does not equal money in the system. + +That is how you CORRECTLY use market cap + +Thank you for coming to my Ted Talk +WOW. + +There was a lot of uncertainty surrounding the Lottery Token (LOT) and their transition to a new version. I was super hype on the project before they ran into problems and was discouraged thinking I would have to buy in on a whole new token. BUT.... + +Low and behold, I checked today and my LOT V2 Tokens automatically transferred to the new system and I am way up, like 4x. I had written the whole thing off as a loss but I am back to shill once again. + +So, I'm just posting this to confirm that, yes LOT is a legitimate project. The devs were totally honest about what was happening and they really did work their asses off to get the token pumping again. I am extremely grateful for their efforts and stoked to be a part of this. + +Very positive on this community, more stoked than I have been on any token I've been posting about since I became a degenerate crypto ape a few weeks ago. + +For those unfamiliar with 🎟$LOT🎟 + +It fills a pot with 2% of transactions that periodically pays out to a random holder when it reaches a certain threshold based on market cap. + +2% of transactions are distributed to holders. + +So basically, by holding this token, you are potentially making money in 3 ways: + +&#x200B; + +1. Automatically farming with transaction fees + +2. Price is skyrocketing consistently + +3. Chance to win a big pile of tokens every so often. + + +It's a very cool project and I hope y'all participate in it!! + +Buy on Pancake: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7) + +[Website](https://lotterytoken.net/) + +🗣 LOT Family Chat 🗣 + +[https://t.me/lotterytokenchat](https://t.me/lotterytokenchat) + +[Chart](https://poocoin.app/tokens/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7) \- Chart looks great, good time to buy right now. +New coin FEH is being shilled on here so I bought in and doubled within the hour. Then people started arguing it’s a scam because they’ve coded to remove all liquidity after 7 days in plain English. This is the worst form of rug. + +This is their code: + +function removeLiquidity( + +address tokenA, + +address tokenB, + +uint liquidity, + +uint amountAMin, + +uint amountBMin, + +address to, + +uint deadline + +) + + +So they have 7 days to pump and then rug everyone. As soon as people started calling this out in the telegram they blocked us and FEH tanked. It’s since rebounded because other poor fools bought into it. Please upvote and spread the word. +On the drive to work today, I had a realization that for the most part, my early retirement plans are on a solid track - savings rate is consistent, emergency fund is stocked, all of my day to day needs are covered, etc. That is great and all, and I am very fortunate for someone my age, but I realized something personally troubling - I haven't done anything significant in terms of "going out and getting it" for at least 6 months. I spent my early 20's studying a full time engineering course while working 1/2 to 3/4 time, I traveled 1/3 time for work from 2013 to 2015 while living on a couch in the house I was renovating, and then dealt with a firestorm of life/family problems in 2015, 2016 and into mid 2017 which I overcame with lots of hard work. I did several side gigs to earn money to pay off some debts and was *always* thinking about what type of business to work on next. + +Well, fast forward to the back half of 2017 and I am finally at a point where life is back on track and everything is pretty much on auto pilot and generally enjoyable, but I'm beginning to worry about becoming complacent or even "too comfortable." I perform some of my best work when I'm hungry and have too many goals to accomplish in a short period of time. I am worried about that idea list that only grows and never gets acted upon. I don't want to fall into a lifestyle that gets too comfortable and doesn't encourage me to pursue more. + +So I propose the question to those of you who are past the "figure it all out" period of your FIRE journey - how did you maintain or rediscover the hunger that allowed you the excess productivity to pursue early retirement? +Buckle up, Apes. + +Remember ENRON? So does the Department of Justice. + +Below is a timeline of events starting in 1997. This is a very high-level overview of the ENRON scandal. I just wanted to know how similar in timing the DOJ investigation into ENRON was to our current situation with the DOJ investigating hedge funds and short sellers. + +Timeline: (link for more thorough info on ENRON: https://www.investopedia.com/updates/enron-scandal-summary/) + +November 1997: ENRON begins their shenanigans (https://www.nbcnews.com/id/wbna6909319) + +(Around 4 years pass) + +August 2001: people start to question what’s going on at ENRON after 2 CEO changes. ENRON’s stock hits lowest price ever at the time. + +(3 months pass) + +October 2001: Auditors start shredding documents at the accounting firm working with ENRON. + +Also October 2001: SEC opens probe into ENRON. + +(2 months pass) + +December 2, 2001: ENRON files for bankruptcy. + +(One month passes) + +January 9, 2002: DOJ launches investigation into ENRON. + +(Two years later) + +February 19, 2004: DOJ charges CEO Jeffrey K. Skilling of ENRON with securities crimes. + +(Two years pass) + +February 25, 2006: Jeffrey K. Skilling convicted of crimes at ENRON. + + + +Fast forward to events of present day: + +January 2021: Hedge funds/short sellers get caught in a “short squeeze” or sneeze as we say. The buy-button is disabled and retail investors realize something is wrong. For the next year plus, retail investors research what happened and why… retail investors come to the conclusion that there is and has been massive fuckery related to certain stocks and short sellers. + +(5 months later) + +May 26, 2021: SEC asks for documents from Gamestop. (https://nypost.com/2021/06/10/gamestop-earnings-overshadowed-by-sec-meme-stock-investigation/) + +(6 months later) + +December 10, 2021: DOJ opens investigation into hedge funds and short sellers (https://www.reuters.com/markets/europe/us-doj-launches-expansive-probe-into-short-selling-bloomberg-news-2021-12-10/) + +(Almost 2 months later) + +February 3, 2022: (put on your tin-foil) HUGE secure document storage facility burns for days outside of Chicago. Building held documents for TD Ameritrade and who knows who else… building is a total loss as well as all paper documents stored there. + +Obviously there is so much more to add to the present day timeline but in terms of the DOJ investigation, this is what I included. + +We all know what ended up happening with ENRON executives. Will the same fate come to the hedge funds and short sellers? + +I for one am proud to be on the right side of history 🏴‍☠️ +As the title suggests. + +I see posts of people asking whether to buy or not. No one knows but one thing is for sure, but when the election comes around in one month and stimulus starts drying out the stock market is going to crash, the FEDs can't QE forever. With that being said, Bitcoin follows the stock market. Today the stock market, dropped near 4%. Bitcoin dropped 8% and in the plague like dips in March/April. Bitcoin just doubles the dips of the stock market. + +&#x200B; + +Source: My ass. +So my 70 year old father is declining in health due to a dementia type illness. It is very likely that he will eventually need full time nursing care and or be moved to a nursing facility. He and my mother have some assets including some cash, two houses, and a vacant piece of land. All of the properties are in my mothers name already. My mother is very healthy and could live another 30 years and the real estate is part of their retirement planning. + +My question is this: + +Can Medicare force the sale of properties in my mothers name to pay for my fathers care? +Bitcoin is just a lifeboat in the sea of doubt surrounding modern economic policies. The potential for people to utilize such a lifeboat, with a very particular set of skills, is highly likely. Also, judging by how small the Bitcoin community still is, the potential for growth is astronomical. + +Its rather shortsighted to think otherwise. +Looking for advice from the big boys here. +Somehow PayPal and Facebook became 17% of my portfolio, each. Lost about 20% percent in total, and just dunno what to do. +I’m here for the long-term, but It’s hard for me to see these stocks recover. +I’m holding Intel and Google as well (about 10% each) and feeling quite confident with these. What would you do if you were in my shoes? +Really don’t know whether to cut losses on Facebook and PayPal or just wait a few years (hopefully they’ll comeback). +I just want to break-even somehow as soon as possible and move all my money to index funds, but as how it looks now, I don’t think it will happen anytime soon. +Got about 40-50 percent CASH, but waiting for better prices. Too scary to buy stocks right now. No matter what I touch, it just falls. Whoever in Facebook and PayPal as well, I’m sorry. +So what would you do? +Hey, greetings from Sofia, Bulgaria! + +I would really like to buy an apartment and I also have some saved money. But I cannot decide if it is worth it. + +Even though the interest is quite low I will need to have a mortgage and another loan for furnishing and misc like the first 10% and notary. + +The prices have been on the rise since forever(except for 1-2 years after the 2008 crisis). Whenever a new apartment, that is worth it, appears on the market it gets sold in days. That is because the situation in the countryside is not ideal and many people come to the big cities, looking for better life. + +I can afford to buy, but it will most likely be in a worse neighbourhood(by worse I mean not so close to the downtown, but that doesn't really matter, because I have a car), or smaller apartment in a good neighbourhood. + +That was just for context. The question is + +TL;DR: Generally, is there a case in your experience, when paying 50-100% more a month for mortgage is better, than renting +This seems suspect & I have lots of questions i did not ask for the sake of being polite. + +the short of it is, i needed cash for a used vehicle sale. + +I went to go get it. under 10k. + +The manager invites me into her office and explains that they do not have the cash available at that location, nor at the 2 other locations i am willing to drive to. + +She seems very flustered & explains that "with everything going on, we don't have as much on hand as we wish we did." I sit there dumbfounded. basically says to me, because reasons we don't have your money. + +I want to ask, "where does the money go?" "are you telling me that if 9 different people walked in today wanting to withdraw $800 cash, you wouldn't be able to give them their money?" + +now i am in a position where i may lose the car that i desperately wish to purchase, so that i may travel to work, to another buyer whose bank did have their money. + +What are my options here & has anyone heard of anything like this happening before? + +The credit union is ncua insured. + +&#x200B; + +Edit: Thanks everybody for sharing your thoughts. I am now a little less naive about the way banks & credit unions operate! I am going to do the deal with a check from my credit union. +It is actually a semi serious question. They must be very profitable, if they go public they obviously can’t count in institutional investors but retail investors may be enough to make tons of money. + +The question can be generalized as - are there investment opportunities in the adult industry? +With a run to close out the week and the fed and Trump trying to boost confidence, do you feel like the market will once again drop on Monday or do you feel like it will bounce back with its momentum to end the week. +For some reason I can't post a screenshot but they've purchased another 5.2M shares. Increasing their % holding of PLTR by another half percent., + +Disclaimer: I own 30 shares of PLTR and this is not a financial advice. I'm not a financial advisor. +What criteria did you use to choose where to invest, and where did you find good information? Like, if you want to see if new schools or neighborhoods are being built, can you look at city planning or just news sites? If you wanted to see the crime rate, did you pay for something like Neighborhood Scout or just check the news and talk to the locals? + + +Right now I'm just looking at places with multifamilies I can afford, but if no one wants to rent there or it's a dying neighborhood, that's obviously a problem. So while I'm learning to evaluate properties, I'm figuring I'll need to evaluate neighborhoods, kwim? +I'm buying a new construction home as a primary residence. + +It's appreciated quite the bit over the past year and I'm thinking now I'd like to put it up for sale. + +I already have a rate locked in with my lender and don't want to make any changes. Will there be any red flags if I sell the property a couple months after closing? +**This is super long but definitely interested. TL;DR at the end.** + +&#x200B; + +We have an investment property in Sarasota. Bought it for 185k, rehabbed it and it's about to be listed for 500k. We've placed coming soon signs and have already had offers for around 50k less in cash. The property is in an "exclusive" area where, while the homes aren't mansions, zoning restrictions require a minimum of 1 home per 2 acres. This is very rare consider it's less than 2 miles from the beach. Since I purchased the home, I rehabbed it to a full luxury home with all the amenities. Also, Sarasota has a massive car collector market, and being one myself, I build a 6 car hurricane proof garage on the property (it also fits RVs) - this has been the main selling point. Our neighbor across the street sold their "circa 2005" home for 400k in less than 3 days. This was a home that had water ingress through the roof and stained drywall. It is less than 100 sq/ft larger than our home and was listed as an "investor opportunity". + +Anyways, around 6 months ago we applied for a HELOC to build even more on the property without using our cash. We owed little in comparison to what we thought the appraised value would be. During the process the appraiser that came to us was the most asinine person I've ever encountered in my life. I did the walk-thru with him making sure to point out all of the work we had done. The home was left abandoned in 1995, we bought it in 2014. The entire home was rebuilt, including the studs, in 2015. It seemed like every time I told him something we had done, he had to "one up me". This wasn't limited to just the house but also my cars. I had some cars stored in the garage and while he was talking pictures and measurements, he kept telling me about how he used to own XYZ cars and his son drives this and that. Two examples that come to mind were the fact that we had put "exotic granite" in our kitchen while he had "quartz" which is "far superior". That's true, but our quartz contractor said we couldn't get a slab as large as 8x10 without cuts, so we opted for granite. Another was when he saw my car and felt the need to say that "oh that's a nice one, I bought one for my kid when he went to college. It's an ok car, it's not special, not really for me so it's whatever".... I was like, "uh ok". + +I've dealt with a ton of people in the RE world and this dude was the worse. Most have been extremely professional. I mean honestly, this dude was the only guy who was like flex one thousand on me. Not only did he annoy me with his constant need to shit on me (mind you he also told me that he does over 800 appraisals a year and that he charges $400 per so he's "rolling in the dough") but he literally F\*\*\*\*\* me on my valuation. He said "oh yeah I used to flip property but now I make around 400k a year doing appraisals. I come in, take some pictures, it's like 10 minutes, and I get $400. Easiest money ever". This should have thrown out a bunch of red flags to me, but since I was at the mercy of his valuation, I just went with it and told him how awesome that was. + +When he was done I tried to hand him the spreadsheets of all the work done, the cost of said work, and the materials and brands used. He straight up denied it saying "I don't need it, I'm a pro". I've had over 10+ appraisals on properties in the last 3 years and I have **never** had an appraiser deny anything I provide them. He also turned down comps that I found to make it a little easier for him (I know that providing comps isn't always a guarantee, but most of them take it. I never try to steer for a valuation, but to some it's helpful). + +Literally 1 day later (fastest appraisal submission I've encountered), the appraisal has been submitted to the bank. The valuation? 350k. Even the banker who is familiar with our are was in shock. To add insult to injury, he stated that the roof was in need of maintenance as it's over 10 years old, the HVAC was nearing it's life expectancy of 15 years, and in general all of the appliances were due for an update as they are "dated". It was by the far most bizarre appraisals I've ever seen. This appraisal was entirely based on his personal opinion and not facts. Manufacturing dates on said appliances and HVAC units would prove less than 5 years old. Permit research would prove the roof was completely redone in 2015 and the same for electrical, plumbing and drywall. The home has an induction top, double convection oven, metal roof, new electrical, all porcelain flooring, soft close everything (lol), and cpvc plumbing. This was one of the time I let my wife go all out and build what she would want vs what we would make money on. We both love the home and always felt some kind of sadness about the idea that we were going to sell it. Anyways, every thing he stated on his appraisal was incorrect, however, we still squeezed out what we wanted in order to use it for another investment. I called him and explained to him my issues with the appraisal only to be told "What are you talking about? I did you a favor here. You bought the house for 185k, that was a good deal. You made over 125k on the house just by living in it! You've done better than most people". I then explained to him that he was wrong, we had spent a lot of money fixing it, and that he refused to take my documentation showing all the work done. He then began to dispute the work and said at the minimum my fence was "at least 25 years old, just like that car you had in your garage" so I'm "completely wrong" about **my own home**. The car he's talking about was an antique I had in the garage, which apparently he took note of in his mind. Dude seemed really salty about the whole ordeal to be honest, since he stepped foot in the home. I actually recorded the call and it's an interesting one to listen to. Anyways, he said I can file for a "reconsideration of appraisal" so he can re-evaluate and make changes, etc. I didn't trust him and we were whole on the deal anyways since we really only needed 50k so we opted to not deal with him and take what the bank offered. + +Fast forward to last month, we've been receiving a tremendous amount of traffic on our potential listing. We have "coming soon signs" on our property. We've entertained 2 cash offers whom had appraisals done. The appraisals came back at $455k and $460k - which is expected, this is a sort of "bring cash down" kind of area. The appraisal ordered also came in at $455k. In the meantime, we have another home where my wife's parents live, less than 3 blocks away, and since we've decided to use this home for the past 2 years to live in, my wife now wants to stay. Because she wants to stay, I want to borrow to upgrade vs just upgrading since our actual mortgage is so low. I'd rather a HELOC vs a cash out refi since it's a revolving line. + +Also, there are 3 recent sales that in the neighborhood that are complete rehabs, but are 1k sq/ft larger, that have sold for 750k, 843k, and 690k. If we didn't want to stay, at least it'd be a worth-while investment to take the HELOC, dump 100k more into it, and sell it for 3x the investment. Recently people have bought complete tear-downs (literally) on my street or a street or two south for 250-300k. It's the land that's valuable. Couple that with a nice home and you're in a great position. + +The point of this. Has anybody had a "randomly selected" appraiser from the bank come out and completely fuck up the valuation? If they did, how did you handle the situation? Do you have any tips for us? We're going to the bank tomorrow and applying for a refi on our HELOC and intent on providing the appraiser with all three appraisals we have in hand. + +&#x200B; + +tl;dr + bonus number breakdown + +**I just want to know if I go thru the HELOC process again, based on your experience, if providing 3 appraisals that suggest a certain value with have an impact on the appraisers opinion or if it's a complete waste of time.** + +Bought a home in 2014 for $185k.Rehabbed it, now it's worth $450k - at least we told the bank that based on research.Applied for HELOC, appraisal came back at $350k (dude was an asshole and ignorant as shit, obligatory long story read above).Accepted LOC because we didn't plan on staying.Listed home for sale for $500k - three appraisals came back at $455k-$460k (awesome and expected).Wife wants to stay now, so I want a larger HELOC for more upgrades (her parents live 3 street away \*eye roll\*). Will the three appraisals I have now help the "random appointed" appraiser justify value provided I hand them over? + +Thanks! +I signed a 3 year lease in starting May 1, 2017, which technically ended April 30, 2020, smack in the middle of our shutdown for covid (Iowa). The landlord said I had to continue paying rent while we were shutdown, I did ask two times for assistance, each time I was told to get the PPP. I got pissed and tried to find another building but the space we have, almost 14k square feet at 4500/month, there was nothing even remotely close. We are also located in a commercial area next to Walmart, restaurants, grocery store, shopping, etc. Until this point, he’s been amazing. Has loved what we do for the kids and community. So at least I know he’s not a complete tool. + +Long story short, things are pretty much back to normal, we are filled at over 90% of enrollment and trying to keep up with the demand. + +This is the interesting part...I contacted the landlord to ask about purchasing the property. I did this about a year and a half ago as well. He told me he had the property appraised and the asking price was 1.2 million. Over the last couple weeks I brought in several contractors to get a bid on replacing the HVAC system, replacing sliding doors that don’t work consistently and a small remodel that I would like to be done along with a few other smaller issues. About $75k total on the high end. + +My appraisal guy came back with $1.075 million. So $125k less. I talked to the bank about financing if I could get it at the $1.075m. I received an option of: +*10% down +*Bank finance 50% at 3.5% 5/1 ARM, 20 year amortization +*SBA finance 40% at 2.5%, locked in at 20 year +Payments would be less than 4500. + +Cut to Wednesday night when I’m talking with the landlord...he’s willing to work off of the $1.075m. So I figure 50-75k off to do the few fixes, so essentially a million dollar loan. He says, “let’s just do 200 payments at $5k a month until it’s paid off, no early penalty prepay.” + +So my understanding of this is, I’m getting an interest free loan of a million dollars for this building. Every payment I make is pure equity. Am I right about this? I told the bank this and she was stunned. + +Anything I should be looking out for?! Anything I need to ask a business attorney about or have in a contract? + +He is a doctor in his late 50s and owns a good amount of property. Some of the corporations that rent his land or space are Sam’s Club, Perkins, Abbadent Dental, a car dealership...so he’s not going broke anytime soon. + +I’ll answer any questions if you need more information. +I have created a very basic excel spread sheet for a rental property. I would expect others to do this and if so would you be willing to tell me what is included in your analysis. Or point the people who are new to this in the right direction such as myself? I’m not to worried about the complexity of the math/numbers as long as there are resources I can use to study the methods behind the analysis. Would anyone be willing to either share an excel or which resources to follow for this situation. + +The apps I’ve tried to use for a rental analysis did not seem to hold up well. Mainly because I also like to change my backend assumptions for sensitivity testing and I want to have full control of numbers and assumptions. +I'm 29 and want to be a landlord and want to know all I can. I know this is going to be a heavy first step, but I wanted to combine my house hunt with getting my foot into the door into renting property. + +My partner and I make a combined 50k and We have up to 100k in savings for downpayments, expenses, ect. + +I know a 200-250k house would be out of my price range, normally, but rent around here (Bradenton Fl) fetches $1000-1200 for half a house and people are desperate enough to grab it up. + +My plan was to grab a duplex around 230k to live in and rent out the other half, giving me an experience in homeownership with less mortgage AND an experience in being a land lord while being close to my tenets. + +That way everything can be more lenient on our bills and I can save money to move to a bigger property in the future while renting out the other half of this duplex years down the road. I know it's a tough journey, but it is something I'm willing to do and put time, money, and effort into. + +I'm, by no means, an expert or even experienced in this topic but it's something I do want to do in the future. If anyone has any advice about making this venture successful or even if you believe it's a bad idea and shouldnt go through with it anything would be appreciated and ill respond to and consider any piece of advice. Thank you for all your time and help! + +&#x200B; + +Edit: And I am looking into better job opportunities to increase my income and buying power. I'm just currently living with my father and It's about time I move on. It's a little late for me to make any career choices within the next year or so as I want financial stability when I move out, but once I do I'm going to look into trade apprenticships around the area. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Yesterday I actually hung out with a cousin whom with I have a special relationship NO ONE gets. His views on politics, religion, economic policy etc are %100 percent different than mine. We're both from a less than friendly area of Philadelphia and now live in a very peaceful comparatively Colorado. We tare into each other HARD. We both enjoy it and actually communicate pretty effectively. When I told him about game stop 6 months ago he OF COURSE had to go 100 percent against it. + +&#x200B; + +I joined this thing back when WSB was small. Early January on Robinhood. A bomb goes off and wsb splits. Some people went one way. Some people went another way. A lot of new people rushed in. I moved to GME and then to Superstonk. Superstonk is ... just so much good stuff. And its got a pretty good handle on a lot of the bad things. + +&#x200B; + +We are not organized by color, age, location on the planet, political affiliation, education level, career path, height, weight, physical abilities, thoughts on drugs, abortion, the death penalty, guns, welfare, you name it. That shit happens in other groups and pages, and in the real world. It doesn't happen here. Hummm + +&#x200B; + +We went through a thing where it was x xx xxx ape for a little bit. It ended up stopping. Probably because no one cares. If you were an x ape this weekend you have between 215 ish bucks and 2,150 ish bucks. You will be treated equally here. We have all been there and we all get it. The price is so volatile if you were here back when we did this you probably aren't calculating the exact value anymore. You know it'll change. You know you're not selling. You might think someone with $21,500 and $215,000 in savings would be treated differently. At a bank you'd be right. Not in here. Now a days the most talk about it is when someone says they graduated from x to xx or xx to xxx. Its always met with cheer and applause. no one holds anyone down here. Everyone is proud of everyone. That's pretty cool. I guess if you really think about it a group with no real leaders tried to organize them selves based on a dollar value, it felt unnatural, and we stopped doing it. Hummm + +&#x200B; + +Some of us make great memes. Some of us are bad ass at math. Some of us are bad ass at networking. Some of us volunteer countless hours just to keep 480,000 voices organized while usually 20% - 25% of them are on at the same time even on weekends. Some of us dig for research. Some of us just lurk. Some people paint. Some people make songs. Some people fly drones. Some people drive cross country to accomplish the same goal you could accomplish online just to be there for it. You could even come up with something new and cool. Some of us used to work for Citidel and have been on cnbc. Some of us make informational videos. Some of us are awesome at cyber security stuff. Please feel 100 percent free to choose your own level of involvement. You are. Do what you want. First thing I would do is dig into the DD and catch up on the YouTube videos. If you find a hole in any of it. Scream it out. If anyone ever shows you a hole in it. Scream it out. Let's talk about it. + +&#x200B; + +There is a sub called GME\_meltdown. It exists to make fun of gme, which is fine. A lot of us lurk there looking for holes. We find funny memes and no data. If someone ever did the it would be hung on the wall for all to read, analyze and discuss and then ultimately decide on. There is also a group with a financial interest in breaking this group up. Youll figure that part out quick. It's weird that those places would exist if there wasn't SoMeThInG going on with this company. Hummm + +&#x200B; + +At the heart of it there is this company called Gamestop that for one reason or another everyone here kinda digs. Some of us worked there. Some of us shopped there. Some of us play video games. Some of us don't. The cool thing is Gamestop, regardless of your relationship with it is in pretty good shape. It's coming out of a rough time where those with the money thought it was going bankrupt. And they were almost right. You've heard the blockbuster of videogame stores comments. Another brick and mortar. Yep. And they were almost right. But it turns out they were very very wrong. A bunch of the right people got involved and made some right moves. The company paid off all of its debt and is pivoting to be a major competitor in the e commerce and tech industries. This activity has garnered attention from all over the globe. It it has made its impacts too. (READ THE DD) Everyone here is excited because we believe in the company and it is going to turn into something cool. Something world changing perhaps. + +&#x200B; + +I finally got to explain that to my cousin this weekend. + +&#x200B; + +"Hummm... Dude you might have got in early. I am gonna have to take a look at this." My cousin quietly admitted after a half hour calm rant from me. I never thought my cousin and I would agree on the color of the sky, let alone this. + +&#x200B; + +Something is going on and it all surrounds GME. This is a thing I'd rather be in then out, and I made the decision on my own to go all in a while ago. I admit I am anxious to see the end soon, but I can wait as long as it takes. + +&#x200B; + +This group deserves a major acknowledgement for what it is. Its a group of almost a half a million people from all over the world, all walks of life, and all belief systems sharing knowledge and experience they have, telling stories, making art, doing research, learning and teaching and GETTING ALONG. The company is doing some amazing things. And I believe this group is as well. This group alone is worth books, movies and further examination in the future. + +&#x200B; + +I hope you find your place here if you haven't already. To everyone who has, Thank you for everything you do to make Superstonk whatever it is, and will turn out to be. If you haven't, remember... You are always welcome here... And I don't know any other place on earth like that. + +&#x200B; + +What is it to you? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Or at least used to thrive off of privacy now that there are things like KYC on almost every centralized exchange. + +But still, no centralized exchange will ever be as bad as Facebook’s Meta. + +I despise them. They steal our private info to sell to companies for ad targeting. + +Watch how the market will start getting littered with ads (even ones unrelated to crypto) once Meta starts monopolizing the crypto space. + +I think the only way to avoid this would be through allowing publishers to monetize without ads through users’ processing power. Networks like Gather are already doing that so lets hope this swerves away companies like Facebook and Google. +Disney is making a mistake by allowing iPhone/iPad users to start a subscription via the app, which entitles Apple to a 30% ($2) fee for each billing. The fee is likely negotiated down but if anyone knows anything about streaming... nobody is making money (that includes cash flow negative but profitable nflx). Disney doesn’t forecast profits until 2024. Netflix, Spotify, Hulu (ironically 100% DIS crtl’d) etc do not allow in-app pure bases to avoid this fee. + +Apple does not allow companies to redirect customers to a website to start a subscription. Instead, they need to be a bit vague such as “you need a Netflix subscription” or “you can’t start a subscription in the app” +I’ve been writing weekly cc’s off leaps. It’s Wednesday and one CC is at 90% profit. Would it make sense to just buy it back at the cheap price, take the gains and just open another one?? +I have a friend with a history of cancer. She has stated repeatedly that she is going to have to give up treatment due to not being able to afford it. The only figure she has specifically mentioned is $2500 for radiation therapy (although she has been undergoing rounds of chemo for years). + +&#x200B; + +Can someone just run out of money for treatment in Australia? The resources I can find from the Cancer Council point to "maybe" as they mention some costs that might not be covered by Medicare or insurance. I was just under the impression that getting to the point where you need to give up treatment and die due to financial pressures was something that doesn't happen here. + +&#x200B; + +Edit: thanks for the detailed replies below. I will let my friend know about potentially using her super, if there's anything significant there, and possible grants. She has described these costs as "after every possible subsidy and rebate", so we'll see. All in all I don't think she's going to have a good outcome but she and her family might end up under less financial stress during the process. +Hey guys, if you have ever considered investing in IPOs, or companies that have gone IPO in the recent years, then this post is for you. I did a bit of a quick research into this recently. But first, a quick recap of what Warren Buffet says about investing in IPOs: + +* Warren Buffet has always been very vocal about his views on IPOs. His thought process is that "*there are always better businesses to buy than IPOs*". He always compares IPOs with other alternatives in the market, and so far, he has not found a strong justification for investing in an IPO versus another solid business at a good price. +* Buffet also dislikes the fact in IPOs, there are commissions that go to the stock salesmen, remember that IPOs are executed by investment banks so there is a push to sell IPOs like any other product, He likes to buy stocks where "*no one is making any money on the sale*". + +I'd like to share with you some stats that I put together. Bear in mind the following: + +* I took the [full list](https://www.iposcoop.com/scoop-track-record-from-2000-to-present/) of IPOs in the last 20 years from iposcoop.com. +* Filtered only companies that went public between years 2000 and 2015, so that at a minimum we have at least 5-6 years of post IPO performance. +* Calculated annualized performance using stock price from the first day close of IPO and current stock's price at the time this video was made. +* Performance from companies that are not currently trading were excluded. +* List [here](https://docs.google.com/spreadsheets/d/102ArUr35s1MLfyMm6rwnqhCvSo-L5f4JrmHAUlyk1pg/edit#gid=1482717621) for your reference. + +**Results**: + +* Total number of companies: 1396 +* 45% of the companies (qty 616) have had negative annualized performance. +* 14% of the companies (qty 189) had sub 5% performance. +* **Almost 60% of IPOs between 2000 and 2015 underperformed the market.** + +I also came across an [academic study](https://site.warrington.ufl.edu/ritter/files/IPO-Statistics.pdf) on Initial Public Offerings by Jay Ritter, a finance professor at the Warrington College of Business in the University of Florida. One piece of information that caught my attention in his paper is Figure number 2, labeled Percentage of IPOs with negative EPS. If you check the figure, you'll notice how in recent years **over 75% percent of the companies that have gone public have had negative earnings.** + +When you buy shares of companies, you get a piece of the ownership and therefore a piece of the earnings . Well, with IPOs in the recent years, in 75% of the cases there is no earnings for your shares. You are literally investing with the expectation that the company will become profitable, which by the way is already factored into the price that you are paying. So if these new public companies fail to turn a profit, or perhaps if their path to profitability takes longer, the stock price will suffer. Your only chance is the company continuously beating expectations. Not to mention that you don't even have enough years of financial reports to build a solid foundation for analysis. + +Hope this helps. I don't want to discourage anyone though, a lot of people have made good money on IPOs, but base on the data it's pretty obvious that the average investor should stay away from them. +Basically I bought a house in April 2014 for 123k. The county assessed it May 2015 for 175k. I know that's way too high - my home was built in 1955, is the same size as all the homes in my neighborhood, has not been significantly upgraded, etc. Other homes in my neighborhood assess for 80k-125k. I filed an appeal when I got the notice in the mail and basically never heard back. Calling the county about 2-3 months later, the woman on the phone told me sometimes appeals take several months and not to worry. Now however they seem to have no record of an appeal. I'm scrambling to do more research, and realize now I should have filed a homestead exemption, even though I'm not 100% sure what that means. I had a really terrible real estate agent. + +Should I get a tax attorney? Will the county work with me at all since I'm now 6 months out of the assessment period? This assessment has taken my mortgage from $870/month to $1400/month. My take home pay is only $2400/month, and I'm paying $800/month in student loans. About $380 of the new mortgage rate is the tax shortage. I simply can't pay this amount, and I doubt I can sell my house with this insane overblown assessment. + +Please help! I apologize if this is the wrong sub, /r/realestate looks to be more for purchasing new homes and investing. + +**EDIT:** Holy tits everybody, thank you so much for all the great advice. I got several PM's that were very helpful, and I was able to contact a tax lawyer. LOOONG story short (I've been on the phone pretty much all day and had to leave work early), what the county did to me is super illegal. The law in my state is that they are supposed to keep the same tax rate based on your closing price for a full calendar year after a home is sold. This is why my appeal was thrown out - someone at the county thought it was a mistake, since I shouldn't have even been reassessed that early. The Appraisal Supervisor called me on his cell phone and basically bent over backwards promising to get it fixed. So I will be reassessed again in May and will be able to file a proper appeal then, but I should not be charged extra tax from being behind for 2015. The lawyer I've been working with was recommended by a friend, and did not even want to charge me since my case was so cut and dry - I just didn't have the right person's contact info. The next county meeting is on January 21st and my property tax will be fixed then - my lawyer told me if it's not, contact him and we will have a field day suing the county. I was also contacted by a couple of local papers who want to use my specific example to write about Dekalb's extremely messed up property tax process. I'm not sure if I want to do that since it looks like everything will work out and the few higher ups in the county I've talked to today have been very nice. + +Also, I have filled out my homestead exemption. Thank you to everyone who explained to me how that would help me. This is something I should have gotten from my realtor, but again, she was an absolute garbage person. I met her once, and then she'd send her unlicensed 19 year old niece to let me in to properties. I was planning on firing her, but then I found my house and just decided to close and be done. She was let go from her real estate office not long after, I was not the only person having issues and she was having her niece do work that was not legal for an unlicensed non-realtor. + +It will take 6-8 weeks after January 21st for the tax change to take effect, and then what I overpaid will be refunded to my bank. I should get a check at the end of the year. I already have been working on an enormous spreadsheet breaking down every property in my neighborhood - I am going to wreck the county's shit with hella facts next year when I am reassessed. I have definitely learned a lot in the past two days. I love you, reddit. Thank you. + +**EDIT EDIT:** I really appreciate the PM's calling me a liar. Super cool guys. I actually provided a screenshot from the bank breaking down where the $1,400 is going in an earlier comment, [you can see it here.](http://imgur.com/f0aSnWK) I know I've typed out a lot, but no I am not paying $600 in taxes every month. The difference includes a shortage since taxes are paid by your bank out of your escrow account. So I'm basically being charged for being short this year and for estimated taxes next year. Imagine a rotisserie chicken... +This is a bit of a cautionary tale, but it's worth repeating. + +About a year ago, I sold my car, which was still under a 4 year loan from a local bank, for about $4,000 less than the loan's remaining balance. I had spoken to a loan officer at the bank about the balance of payments upon sale, which would be wrapped up into a personal loan once the sale was finalized. + +Fast forward three months, I still haven't received documentation from the bank and I'm concerned. I call the bank and they informed me that they had apparently sent three letters to my home, which I hadn't received. Since I hadn't replied to the letters, they now held the loan in default and were demanding immediate payment of the remaining $4,000. Not having those funds available to me, I asked for a repayment plan similar to the personal loan and they said they would get back to me by the end of the week. + +The following week, I receive a letter via Certified Mail from a law firm representing the bank, which was informing me that they were now representing the bank and were going to pursue collection actions. The following business day, I receive a barrage of phone calls on my personal and work cell phones, in addition to them calling my place of business. Knowing my rights, I reminded the debt collector that his incessant calls could be construed as harassment and any further unsolicited calls to my work phones would be followed-up by legal action. + +After a brief chat with the collector, I said that I would respond via mail to his request and the following day I sent a letter along the lines of this [template](http://www.creditinfocenter.com/forms/sampleletter9.shtml). After that, I did not hear back for months. + +In May of 2015, I receive letter from another law firm stating that they were now representing the bank in this matter and would be pursuing collection actions. I send the same debt verification letter to this new law firm and don't hear back for about a month. + +Yesterday, I receive a letter from the law firm stating that they had received my verification request and upon conferring with the bank would adjust their records to reflect a **ZERO** dollar balance and would not pursue further collection actions against me. It seems that the previous law firm had bungled a few of the accounts and the paper trail would be non-existent, therefore impossible to verify. Months of anxiety about this debt and the interest it was accruing vanished with the stroke of a pen. + +TL;DR: Always send a verification request, even if you know you owe the debt. + +EDIT: Wow! Lots of reactions from praise to scorn. Figured I should clarify some things: + +- In the months following the car sale, I made several attempts to gather information for the unsecured personal loan from the bank but was never given follow-up information or help as to creating an account with the bank, which would've been required for the loan account. It was a small bank in my area that had only a handful of locations, far away from transit (needed since I sold the car). Work is pretty hectic and the bank branches were only open certain hours. I didn't just let it fall by the wayside. + +- And to those saying I "should've just paid the debt" you sound like bloody debt collectors by day. If it's a legitimate creditor asking for payment you should seek to pay off the debt, but if it's someone else collecting the debt **ALWAYS** ask for verification. +This applies to personal investors who tried both, or anyone well informed enough to answer: + +In your opinion/experience, does investing in individual companies in an industry you know and keep up to date with well enough (energy, tech, etc) provide you with better returns than just an index (S&P500)? + +Assume you are already spending a fair amount of time staying up to date with what is going on & upcoming in the industry, so you can rule out the time factor. +Hi masses - &#x200B; Suffered a severe loss due ‏‏‎ to NVDA last week. Basically reversed my YTD to gains and then some. Not pretty. Feeling pretty down. This happened because of FOMO and stupid trades (PCS, and tons of contracts), forgetting all my rules and risk management. To my question - how do you all handle losses to this extent? How should I restart? I wound down the positions on Friday and took a break for the weekend. But I do want to start over now that I have this terrible experience mostly over with. +Closed all my positions today. Going to take a break till 2021 and find myself a real broker. + +Thanks theta gang for helping me to get rid of wsb mindset and get in the green. + +Dips on the graph are where I relapsed and bought options :) + +Positions: + +Mostly wheeled stocks that I like : AAL, PLUG, AMD, INTC. + +Did some plays riding wsb, selling NIO, PLTR, QS puts. + +Tried playing COST special dividends, was in the green in the end but not by as much as I wanted. + +https://preview.redd.it/zq4m8jtvfe561.png?width=729&format=png&auto=webp&s=5e210b759020d0215448ac808b34c831a3716230 +After trading basic options for over a year, I'm thinking about moving to the next step: spreads. I'm curious what's a realistic goal for monthly income trading spreads with a roughly $20K account. And by monthly income, I mean the average over the course of a year factoring in P/L. +Maybe vol will come back bid and trading volumes will pick up when earnings season comes around in a couple weeks? + +&#x200B; + +But right now, unless you're in only meme stocks (which I tend to avoid), it just doesn't feel like a good vol selling environment. Volume and liquidity is way down, indexes drift higher on low volume while single names are either all over the place or dead in the water for no particular reason. The names that are moving way outperform their implied vols, but (at least for me) there's no way I can anticipate which ones they will be. + +&#x200B; + +The Archegos blow up seems to have freaked out many funds and banks, and liquidity has dropped significantly in many names. All the inflows right now are pouring only into megacaps, as those are the only stocks that big players aren't worried about getting stuck in, and they need to shove money somewhere. To me, the trading overall in the market right now is sloppy and kind of random. There are some names that have moved down 30% in the last month and some up 20% in the last 2 weeks, and they're both trading with implied vols in the 20s or low 30s. I just don't think you're getting compensated well enough right now for taking on short gamma/vega risk (in general) to make it a good trade. If you're selling out upside, you're just not getting paid enough for what you're giving up, and if you're writing downside, you're not collecting enough to compensate you for the risk you're taking. + +&#x200B; + +That doesn't necessarily mean I'd be out there buying options, but honestly that might even make sense right now if you're good at picking spots. + +&#x200B; + +We've enjoyed a year of flat or inverted term structure and unrelenting call bids from RH and retail, but they seemed to have dried up. That trade has been very good for a very long time, I'm going to do my best not to force a trade that just isn't there. That means accepting a lot less theta than I'd like to be collecting + +&#x200B; + +Feel free to disagree - or post places where you think implied vols are too high. I'm all ears +Let's say I own 100 shares of XYZ. I'm okay with owning 200 shares if the OTM put gets assigned. I'm okay with owning zero shares if the XYZ call gets assigned. + +What is this strategy called and what does the p&l look like? And can it be executed with a LEAP'S instead of 100 underlying shares? +This week would be Oct 21 50 strike for .29. I was thinking of selling the .10 delta every week. You have to factor in the fact that, getting assigned amd at 50 bucks is not the worst deal in the world, I mean, that's genuinely a steal regardless and it's a wheel. +I've been early assigned on ITM puts 3 times in the past 3 weeks. One of them was just by a few days, but the other two were by several weeks. + +In 2 years of selling puts, I've never had that happen before, even when I had puts much farther ITM. +This post is aimed at full time traders to help new guys understand what is a normal trading day. + +How long do you spend on your computer each day scanning for setups? + +I always struggle to concentrate after 2 hours but feel like I have to be at my computer incase I miss something. How does your typical day go as a full time trader? +Member for a couple years but I've been lurking for the past 10-12 months. First thing is I'm not trying to brag. I'm legit asking if something can be messed up while paper trading by someone who also trades live and understands how to properly document trades. + +It's funny. My last posts on /r forex were about scalping and I was stuck/fixated on the 5 minute chart. I was even looking into venom trading simply because their spreads were ridiculously low or something. My focus has changed quite a bit over the years lol. I've been trading for about 2 years now and I am in the green overall, but I'm probably pretty standard in that I am just over a break-even trader. + +Over the past year I have spent...fuck, I don't even know how many hours in front of the charts. I've spent entire weekends and days off just switching between desktop and laptop charting. I've got multiple notebooks and excel sheets full of random ideas and strats. I put something together, backtested it with great results and then I began testing it like all my other ideas: through live paper trading for a period of 8 weeks. The numbers are insane. Everything I know about trading says it can't be true. Everything i know also says I traded it correctly. Is there any way to skew live paper trading results? + +* Backtested for 18 Months (manually) +* Paper traded it for 5 months live. +* Backtesting results were similar to live trading results. Max drawdown of 14.63%. +* I hate losing money, which is why I backtest and paper trade for so long. It's also why I'm treating this strat like an english paper and asking for more eyes on it. +* these numbers don't make sense to me, but I recorded them live, and want to go in on them with actual cash. I just want to see if there's anything I could be missing. I've looked at fundamentals...figured maybe Bernie and the DNC, Hillary, Trump, Oil prices, gold, the attempted coup in Turkey, terrorist attacks, Brexit, the French election, etc could be swaying the results, but it doesnt seem so... + +I'm not as good with copy/pasting screencaps as I am with Forex. Oops. + +January: http://i.imgur.com/MOpIsP5.png +Feb-Apr: http://i.imgur.com/tickeOS.png +May: http://i.imgur.com/CA2to2C.png +The question of what it takes to become a master in any field (sport or business) has been in the epicentre of research for many years. It has occupied psychologists and philosophers alike for decades. Is it the innate talent what matters or a skill can be mastered with practice. What does it take for professional athletes to become first among others with inborn talent. That is the same question I have been having for quite some time now related to another discipline- trading. + +Almost fifty years ago Herbert Simon and William Chase summed up a groundbreaking conclusion that is still echoing with importance: + +10,000 hours of trading + +There are no instant experts in chess—certainly no instant masters or grandmasters. There appears not to be on record any case (including Bobby Fischer) where a person reached grandmaster level with less than about a decade’s intense preoccupation with the game. We would estimate, very roughly, that a master has spent perhaps 10,000 to 50,000 hours staring at chess positions… +After Simon and Chase there have been numerous psychologists and authors testing this hypothesis and proving and disproving the rule of “The 10, 000 Hours“. For example, John Hayes researched the works of over 70 of the most famous classical composers and found that almost none of them did create a masterpiece before they have been composing for a minimum of 10, 000 hours. There were just a few exceptions and they were Shostakovich and Paganini, who took them only 9, 000 hours. + +In trading, it seems to be rather the same or at least really similar. I don’t know a lot of other traders, whom after an honest conversation have not shared with me that have spent years of losing money consistently before becoming profitable. In my trading career I remember just one trader who told me that was successful straight from the very beginning. He was sharing with me that it only took him 3 months on a simulator and with the help of his trading mentor, he became successful. He is an exception because in his case- he managed to save a lot of costly mistakes by following his mentor’s trading approach. But most traders are doing it alone and that is why it takes them such a long time. Trading, as any other highly competitive sport discipline, takes a lot of hours in front of the screens and practice. + +In a book that I recently read (Focus: The Hidden Driver of Excellence), Daniel Goleman reveals the complex truth behind the popular 10,000 rule: + +10,000 hours of trading + +The “10,000-hour rule” — that this level of practice holds the secret to great success in any field — has become sacrosanct gospel, echoed on websites and recited as litany in high-performance workshops. The problem: it’s only half true. If you are a duffer at golf, say, and make the same mistakes every time you try a certain swing or putt, 10,000 hours of practicing that error will not improve your game. You’ll still be a duffer, albeit an older one. + +No less an expert than Anders Ericsson, the Florida State University psychologist whose research on expertise spawned the 10,000-hour rule of thumb, said, “You don’t get benefits from mechanical repetition, but by adjusting your execution over and over to get closer to your goal.” + +“You have to tweak the system by pushing,” he adds, “allowing for more errors at first as you increase your limits. +The words of Ericsson cannot be more true regarding the trading field. Professional traders know that going out of the comfort zone is what makes a difference in the long-run. Imagine you are doing the same trading mistake over and over again. The only way to get rid of your bad habits is to get out of your “comfort zone” and do something differently. Even if you are not sure where your mistake is, you should put all of your efforts into trying to find out. Only then and after long hours of practice, you would be able to become profitable. What matters in this case is not only the time invested in trading, but the quality of the time. It appears that even if you stay 20,000 hours in front of your screens, it won’t make a difference if you are doing the same mistakes repeatedly. + + It seems obvious and simple, but modern education is build on the premise of sheer time investment. That is why it is important to emphasise on the fact that success is “deliberate practice”, concentrated training with the sole aim of personal improvement, many times accompanied or guided by a professional and skilled coach or mentor. That is how I became successful myself- I have been mentored by one of the biggest and most successful traders in London. Before I had the chance to meet this important person to me, I was making too many mistakes- 80% of which I was not even aware of! That is such a striking number when I look back at it now. According to Goleman, what I have found also applies to other disciplines: +Hours and hours of practice are necessary for great performance, but not sufficient. How experts in any domain pay attention while practicing makes a crucial difference. For instance, in his much-cited study of violinists — the one that showed the top tier had practiced more than 10,000 hours — Ericsson found the experts did so with full concentration on improving a particular aspect of their performance that a master teacher identified. +That is completely in-line with the trading field. You need an objective feedback from somebody, who can monitor your performance. Human beings tend to be subjective when it comes to measuring their own performance. That is why, it is crucial that you have a profitable trader helping you along the 10, 000-hours of trading journey. It is imperative that you are coached by a real professional or at least somebody with years of trading behind his back. No wonder that every world-class sports champion has a coach. If you keep on trading without a feedback from a proven profitable trader, you won’t be able to get to the very top. + +In the end, it seems that the trading strategy that you are using is not the most important element of becoming a master trader. It is the feedback that you receive from really experienced traders and the quality of the time invested in improving you own mistakes. Now stop thinking how good you are- start seeing how you can improve through concentrated trading effort. +First, the 99% accuracy system: + +https://www.myfxbook.com/de/members/FxCatalyst/moneyeachmonth2cllc/3215967 + + +Second, the system with impressive returns: + +https://www.myfxbook.com/members/hernantvg/viking/3287792 + + + +So guys, remember always to be skeptical in the trading world. +Just curious to see if anyone here has actually been successful in the game long-term and profited consistently. + +If so, could you tell us your story? How long you've been trading, what you've learned, when you started being successful, what methods you use, what pairs you trade, what type of risk and money management, etc etc. + +Always love seeing success and motivational stories, I'm sure a lot of other lurkers would as well! +Member for a couple years but I've been lurking for the past 10-12 months. First thing is I'm not trying to brag. I'm legit asking if something can be messed up while paper trading by someone who also trades live and understands how to properly document trades. + +It's funny. My last posts on /r forex were about scalping and I was stuck/fixated on the 5 minute chart. I was even looking into venom trading simply because their spreads were ridiculously low or something. My focus has changed quite a bit over the years lol. I've been trading for about 2 years now and I am in the green overall, but I'm probably pretty standard in that I am just over a break-even trader. + +Over the past year I have spent...fuck, I don't even know how many hours in front of the charts. I've spent entire weekends and days off just switching between desktop and laptop charting. I've got multiple notebooks and excel sheets full of random ideas and strats. I put something together, backtested it with great results and then I began testing it like all my other ideas: through live paper trading for a period of 8 weeks. The numbers are insane. Everything I know about trading says it can't be true. Everything i know also says I traded it correctly. Is there any way to skew live paper trading results? + +* Backtested for 18 Months (manually) +* Paper traded it for 5 months live. +* Backtesting results were similar to live trading results. Max drawdown of 14.63%. +* I hate losing money, which is why I backtest and paper trade for so long. It's also why I'm treating this strat like an english paper and asking for more eyes on it. +* these numbers don't make sense to me, but I recorded them live, and want to go in on them with actual cash. I just want to see if there's anything I could be missing. I've looked at fundamentals...figured maybe Bernie and the DNC, Hillary, Trump, Oil prices, gold, the attempted coup in Turkey, terrorist attacks, Brexit, the French election, etc could be swaying the results, but it doesnt seem so... + +I'm not as good with copy/pasting screencaps as I am with Forex. Oops. + +January: http://i.imgur.com/MOpIsP5.png +Feb-Apr: http://i.imgur.com/tickeOS.png +May: http://i.imgur.com/CA2to2C.png +I Get It. You want to perfect your strategy on this pair, and that pair, and that other pair. But this can cause overtrading on too many pairs at the same time. + +Instead of trading multiple currencies simultaneously, compare the currencies with each other to see which is the better setup. + +For instance: Lets assume you have some setups on USD pairs. If EUR/USD is bullish, and USD/CAD is bearish at the same time, you know that USD is weak. + +Now go to EUR/CAD and see what type of setup is forming on that pair. + +If EUR/CAD is bullish, you may want to buy EURUSD with 2% risk instead of splitting the risk 1% for each pair. + +Of course this can apply to multiple pairs with different risk tolerance for each person, but will allow you to take less trades with better quality for higher probability setups. +I have 2.5 k that is 100% risk capital. It doesnt mean anything to me if I lose every penny so please none of those forex is dangerous, you'll just lose posts. Im aware of all the risks and I am not scared or deterred. + +That being said, what pair is the most volatile and what is the time of day that it is the most active? I want to pick a pair, get to know it intimately via paper trading and then shove that 2500 in balls deep on max leverage once I get used to my software. +I just learned about uptrend and downtrend lines and channels in addition to the support and resistance levels. Right now I don't know much so I'm just looking at the AUD/JPY charts and plotting out the lines on a 4H window and taking selling when the price hits a resistance and buying when it hits support level. Is this a good way to practice or should I be backtesting first? My plan is to put in 30-45 mins everyday learning through baby pips and then spending 30 mins just looking at random charts practicing and learning how to use MT4. +Been through babypips and several random online videos. Also, been trading (demo losing) for the past several months. I would like to take the next step to learn the more technical stuff more indepth. What/who can I follow that is good? I watched some of the ForexIA guys videos. He has some free and paid stuff but is his stuff legit? My problem right now is finding a good entry point. I either get stopped out or buy in too late. Been trading off trend and S/R lines. + +&#x200B; + +For the successful guys that are profitable, does simplicity work better than multiple indicators and high level tachnical analysis such as Elliot Wave? I mean, you can go as technical as you want right but if you only trade 1% and keep your SL to TP ratio 1:3, law of averages says you should come out on top. + +&#x200B; + +TL:DR: Wanting to take it to the next level but dont want to waste valuable time by watching guys that dont know what they are doing. Recommendations? ForexIA? How technical do you go or keep it simple? + +&#x200B; + +&#x200B; +So I have finished reading Babypips School, as well as been trading with real money for a while. I have been just using indicators and the news to trade. I feel that there is more I can do to get better. I mean everyone was a beginner at some point. What did you guys do to improve yourselves as traders? +There's a lot to learn by simply listening. Even on this sub, if you take a second to genuinely listen to what people are saying there's a lot to learn. For example, almost every post here about people blowing their accounts/having big losses follows the same pattern. + +1. Start trading with good risk management, things go well/slow +2. Get impatient/sustain multiple losses in a row and itching to gain it back quick +3. Start trading without same principles +4. account BLOWN + +I don't think I've seen a story here that doesn't follow this pattern. I've learnt a lot by seeing what people do/don't do here +Hi all. + +**TLDR: I have found multiple companies (where some are offshore) which in some aspects link between Citadel, White Square Capital, a children's fund, a private Luxembourg bank which is now dissolved due to a history of corruption and other illegal involvement, Chrystal Capital and many others.** + +I decided to submit this via the u/SuperstonkBot because I feel like **if** this is true, and **if** I've just exposed something big, then I don't want to be targeted by bots or people attempting to dox me etc. + +For the record, I have a background in open-source intelligence as well as the cyber field within the computing sector. Public information is truly amazing. + + +# 0x1 - The Start + +If you aren't aware already, White Square Capital LLP has been recently 'dissolved' due to the fact that they shorted GME. People have been saying it is FUD, and I personally wanted to finally use my OSINT skills and dig into something GME related (as I haven't yet). I must say, the digging might have been worth it. Hopefully this information can benefit the people who form DDs, and those who have access to private sources to view any form of data **legally**. + +I do have to admit that finding this information was fairly easy. Let me remind the hedge funds that us retail investors are smart, and we're not solely 'investors', some of us just invest on the side and are somewhat knowledgeable in this sector. What differentiates us however, is the fact that we are 'investors' as well as 'gamers', 'artists', 'influencers', etc. We are multiple hobbies in 1. You are only 1 in 1, and we're beating you at your own game. When the financial system is proven to be corrupt to the public, not only will you be targeted by the majority of the humans on this planet, but you will be absolutely hated to the guts on **everything**. Whether this is your social media, or your hedge funds website, or your private contractor.. anyone in regards to this situation preventing a deserved loss will fall victim. SEC are still paying whistleblowers to step forward. All these hedgefunds are f\*cked, and they know it. + +I would like to point out that my experience within the cyber field instantly led me to believe that [https://whitesquarecapital.com/](https://whitesquarecapital.com/) was a decoy website. Reason being is that the website is low-effort, poor design, has lack of text, is unprofessional.. the list goes on. For some reason, it also has 2 "contact" buttons which don't even work. Whoever designed this website was clearly not paid enough. Or, it was intended but that only becomes true **IF** this is proven to be a decoy company that is being used for tax evasion purposes or is attempting to engage in illegal market trading tactics. + + +# 0x2 - Reconnaissance + +When you're presented with a decoy website, you're meant to perform your own format of scanning. This could be searching for endpoints (such as /home/ or /etc/) or anything that could include sensitive files on a domain. White Square Capital didn't have anything. + +Another form of scanning is port-scanning. The overall result of the port-scan will allow you to see whether there are any services running on the server other than just your standard web server etc. I have completed an nmap scan, and can see that the only ports that are running on this website are 80 & 443. These are default ports for website related things. Completely nothing else running; so there is nothing majorly suspicious to document. + +The second check consists of crawling the website. You click on various buttons to see if they work, and see whether they lead you to anywhere which shows you what sort of information is present and available to the public and such. Anything could **aid** your result. But, to no avail, all White Square Capital fed me was their bullshit CSS animations on the website. + +Lets look up the company via public UK company records. This should lead to something, surely? + +The company White Square Capital LLP was assigned company number [OC372239](https://find-and-update.company-information.service.gov.uk/company/OC372239) and is still currently labelled as 'Active'. +If you take a look at the filing history, you'll see that we can see "Full accounts made up to 31 March 2020" which was published on 29 March 2021. If you view the **.pdf** file, and go to **page 6**, you'll see at the bottom "**Rees Pollock**" who are "Chartered Accountants" and "Statutory Auditors". Nothing abnormal -- **yet**. + + +# 0x3 - Rees Pollock Redirect + +This is ultimately where the story takes a twist and splits into 2 roads from 1. I googled "rees pollock" to see if I could find anything on them, and I could. However, when I go to [https://www.reespollock.co.uk/](https://www.reespollock.co.uk/) it's a redirect to [http://blickrothenberg.com/](http://blickrothenberg.com/) which is a tax, accounting and business advisory firm. I mean, nothing weird other than the fact that somebody who allegedly performed audits on a decoy-looking company, is now also looking like a decoy - that is ran by a big company called Blick Rothenberg. I'm trying to find a direct connection between these two other than a website redirect, but nothing yet. + + +# 0x4 - "Off to the shore... I'll be back later." + +This is the finding. This is the section which has hot info (as well as 0x5). I saw somebody on Reddit literally today using the offshore leaks website to try connect the dots with companies that could be related. I did the same, and was surprised. + +So obviously, Rees Pollock sparked my interest. I decided to search for them to see if I could find any offshore companies related to Rees Pollock.. and well.. + +[https://offshoreleaks.icij.org/nodes/10015249](https://offshoreleaks.icij.org/nodes/10015249) = "POLLOCK HOLDINGS LTD." +[https://offshoreleaks.icij.org/nodes/10055000](https://offshoreleaks.icij.org/nodes/10055000) = "POLLOCK S.A." + +Obviously, at the moment all there is, is 2 off-shore companies with the keyword "POLLOCK" included. + +BUT, what if I told you that the agent that was used for those companies has actually been dissolved since March 2018? That's right. They were [under investigation for corruption](https://citywireamericas.com/news/j-safra-sarasin-private-bank-under-investigation-in-brazil-corruption-case/a1287937), as well as [getting fined for breaches in regards to monitoring business relations.](https://www.finews.asia/finance/34254-mas-fines-bank-j-safra-sarasin-for-money-laundering-breaches-aml-cft) Interesting.. but who else happens to have that exact same agent for an offshore company? Well.. ladies and gentlemen... [Citadel Investments Group Limited](https://offshoreleaks.icij.org/nodes/10185615). I have no idea if Mossack Fonseca was a common agent to use for offshore related activities, so do correct me if it's common to see them pop up or not. + + +# 0x5 - Additional information + +This is the section which includes information that I found which I can't seem to fit in anywhere (or just to link it somehow). + +Omnium LLC used to be called Citadel Solutions (September 9 2009) + +Whilst performing random recon, there were individuals with LinkedIn profiles who worked at Citadel, with links to "Chrystal Capital LLP". There is also an offshore company called "Chrystal Services Limited" which happens to be registered to the exact same agent again. Mossack Fonseca. This is the only "Chrystal" key-word firm that is assigned this specific agent. Every other firm with "Chrystal" in their name does not have Mossack Fonseca as their agent. + +I found an individual by the name James Douglas Innes. I am seeing appointments for Chrystal Capital Partners LLP, Chrystal Capital Property Limited, Chrystal Capital Limited, Chrystal Capital Nominees Limited, **Starlight Children's Foundation**, Peridot Acquisition Company I Limited, Peridot Acquisition Company II Limited. + +I found a news article from 23 October 2016 regarding Starlight Children's Foundation. [Check the bottom](http://www.rbc.com/newsroom/news/2016/20161023-r4tk-australia_cnews.html). **Citadel**-Magnus is mentioned. In case you think this is a coincidence, Citadel-Magnus also happens to be a financial firm. + +Could someone [check this](https://www.miaxequities.com/sites/default/files/alert-files/MIAX_Options_Listing_Alert_New_Class_Listings_04.2021.pdf) and let me know whether there is a link between Citadel Securities LLC and Peridot Acquisition Corp? My ape brain can't understand this data here. I just checked Google and Peridot is a "blank check company". Nice. + + +# 0x6 - Final Thoughts + +I been clicking links and digging all day with little breaks. This was very interesting. I seriously do think I have found some useful data. I also have a **strong feeling** that they are using these companies to trade stocks between themselves, as well as tax evade, and execute any other illegal market tactics. I personally think there are many more companies to unravel and expose, with much more information that could help us out to see the truth. + +Please fact check everything I have included. From as far as I am aware, everything seems to check out as stated. This is **NOT** financial advice. + +P.S: If anyone wants to help out, go check out the people that are registered under White Square Capital LLP and do some digging on them. Post your findings in the comments. I will see them, and include them in my future post if this does well and is actually accurate. + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +Just curious if it's a common thing right now. I know most people that invested in Bitcoin are from the 80's/90's generation of people and that's the common demographic age of reddit users. + +Thanks! +Fellow apes and retards let me show you the $LIGHT + +Lightning Incubator might be the hottest project on the BSC right now. A low market cap coin with unique tokenomics blended with some pretty awesome existing, and planned use-cases make me think this project is on its way to being a x100 type of investment. + +If you can’t read there is a TL;DR on the bottom with the main points, but I encourage you to work that mush sack in your head and not skip this, it’s the most important thing you will read today. + +Okay so down below I have listed some details of the tokenomics ( for those of you in the know its the **first ever deflationary elasticity supply token on the BSC**) That is pretty cool in itself. If you have no idea what that means well the main thing you need to understand is that as transactions happen **half of the resulting fees are burned** out of existence, and as time goes on the supply of tokens shrinks until there will only be 550,000 in existence after all the burning! It gets cooler though, the **other half of the transaction fees that aren’t burned are redistributed to all token holders!** You get paid just for holding. + +Further reading below for a more advanced description. + +A little bit of math to get you excited about the tokenomics; **the current market cap is $24,000,000 and the token supply is 73,000,000. the price of Light is around $0.3.** + +Now IF this great team which is fully doxxed can just keep their market cap at 22 ml while the **supply goes to potentially 550 k or around there then the value of each LIGHT token will be worth AT LEAST $43 USD!!!** That is a massive gain to say the least. Even if it did a quarter of that we are GOLDEN. + +**AND THATS NOT EVEN THE COOLEST PART!!** + +The tokenomics aren’t the main focus of this project. **The main focus is on the upcoming Incubator with an integrated launchpad**. Ya you heard me, The first ever Incubator with integrated launchpad based on the best upcoming blockchain, the BSC. **To have private sale access to the IDO’s though you need to hold an undetermined amount of LIGHT.** + +The token is at a good price right now, when the Incubator is released I can’t see this being under $3. + +**The launch is in the upcoming weeks** + +Have you seen the LIGHT? + +Alright if you have been keeping up so far and are indeed seeing the light then below is additional information on the tokenomics, the Lightning Incubator project and how to buy etc. + +I encourage anyone interested to go on the telegram group listed below, the memes are actual gold and its an international community of crazy crypto bastards. The dev and team is also very active in the chat, which is super cool cause you have direct communication to the team. + +EXTRA INFORMATION ( you can go on their subreddit to find this info) + +TOKENOMICS + +There are *156* cycles + +In Each cycle a fee is placed on any buy/sell/transfers + +The fee starts at 5% and scales to 12% + +The fee gradually increases over 1,275,000 tokens burned + +At that point the cycle is over, 50% of what was burned gets remitted to holders, respective of the % of $LIGHT they hold to other holders + +The new cycle starts and the fee is reset to 5% + +Theoretically, upward price pressure and can happen by: + +1. Rebase distributes tokens to holders, +2. Rebase burns 1,275,000 $LIGHT per cycle, shrinking supply +3. If everyone holds in the new cycle and allow new ppl to buy in at 5%+ + +Get $LIGHT: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f) + +(THIS IS NOT A REFERALL ADDRESS) + +YOU CAN SEE PRICE ON COINGECKO OR COINAMARKETCAP + +Contract Address: **0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f** + +Since the protocol increases fees from 5% to 12% during each cycle gradually till a volume of 1,275,000 burn $LIGHT is reached to start the next cycle + +Adjust your slippage 1 EVEN % above slippage if you get an error + +*Example* + +Protocol fee 5%, try 6% slippage + +Protocol fee 5.5%, try 6% or 7% slippage + +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ + +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ + +Twitter: [www.twitter.com/lightningDefi](https://www.twitter.com/lightningDefi) + +Telegram: [t.me/lightningprotocol](https://t.me/lightningprotocol) + +Medium: [https://lightningprotocol.medium.com/](https://lightningprotocol.medium.com/) + +Reddit: [https://www.reddit.com/r/Lightning\_Incubator/](https://www.reddit.com/r/Lightning_Incubator/) + +Official Partners of the Lightning Incubator + +Through our Incubator, projects will be granted a wide network of promoters, branding experts, auditing partners, KYC partners, listing partners, etc. + +Two of our internal partners are the Founders of “**Defi Degens**” and “**Planet of the Ape**”. + +[https://discord.gg/defidegens](https://discord.gg/defidegens) + +[https://t.me/PlanetofAPE](https://t.me/PlanetofAPE) + +\^\^\^\^\^ Visit links above for lending, borrowing, or farming options for LIGHT + +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ + +Listed: [PancakeSwap.Finance](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f) + +Contract Address: **0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f** + +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ + +*This is not investment advice. Please DYOR and seek a professional financial advisor before making any financial decisions.* + +*tldr:* *low market cap coin $22,000,000 - $73,000,000 supply - 0.3 price* + +* *first ever bsc based deflationary elasticity supply token* +* *upcoming launch of first ever BSC based Incubator with integrated launchpad ( defi venture capital fund basically)* +* *partnerships for lending, borrowing, farming NFT’s* +* *go on the telegram and read some memes, links to community above* + +EDIT: I TOLD YOU ALL BUT SOME OF YOU DIDN’T LISTEN, GO LOOK AT LIGHTS PRICE. when I posted we where at 22 ml market cap and now we are at 33ml. THE TRAIN IS STIILLL GOOINGGG!!!! HOP ON! +Disclaimer: If you aren't for the NFTs, no problem. I'm not making fun of that. I'm making fun of the fact that people are so pissed off that other people like them + +Like, people are so pissed all over Reddit. It's like they have an allergic reaction. Hell, some didn't even know, but once they found out got butthurt about it. It's almost irrational how annoyed people are. Like, they call it a jpeg, but treat it like some massive inconvenience to their life. + +&#x200B; + +[An entire subreddit wants people to stop using them, smh. I was severely tempted to post in the sub just to troll, but decided not to](https://preview.redd.it/qm9izietuxj91.png?width=1213&format=png&auto=webp&s=f816d4017b631a7a8caf65664a54f9df1b3b1a85) + +And there are these ridiculous things + +&#x200B; + +[Tell me you don't know how NFTs work without telling me](https://preview.redd.it/7gf4ix81vxj91.png?width=559&format=png&auto=webp&s=b5bd617826ce9e7f6f496467064ab24ef036ef45) + +&#x200B; + +[A little childish. Like they were aiming to deceive you in specific?](https://preview.redd.it/1z82g0h9vxj91.png?width=739&format=png&auto=webp&s=ccb754b8419ec7f6ead01bc283dffec82776feaf) + +Like, I'm no one to disparage anyone's taste, but this is when it becomes funny. + +Like, yes, they are pictures and gifs that people are buying for real money. WE KNOW. It's part of the joke that these types don't get. + + +Edit: Holy shit this blew up. Thabks for the awards! +Hello, + +there are many APIs that provide access to the SEC Filings. However, I haven\`t found any API that provides access to insider transactions that are happening in europe. + +Are there any API providers out there that can provide this data OR what are other ways to get this data? + +Appreciate your replies! +Hey there! I'm new to this community, but have found a lot of useful info in the short time I've been here, so thanks for that. This post may not technically be RE/FI, but I'd really value any tips you guys may have. + +I'll be 34 next month, I have a wife and 2 kids, and I've been working long hours as an oil and gas contractor for the past 11 years. I have no real affinity for the job, but it's been so lucrative relative to anything I'd done before that I've felt compelled to stay in it. I'm actually typing this from a platform in the Gulf of Mexico. Being away from the family and the job itself has left me so thoroughly burned out that I recently negotiated a release and I'll be leaving my position in June. + +My financial strategy has generally been to pay off mortgages as quickly as I could, and as a result I've paid off a nice place I bought this past September, as well as a condo on the coast that is being rebuilt after damage from Hurricane Harvey (I'd been living in the condo while I worked down there). + +My wife doesn't make much at her job, but they do offer health insurance, which we plan on taking advantage of when mine ends. My mom lives with us and watches the kids while my wife's at work, so we have no daycare costs. In time I should have some rental income from the condo. + +I have about $100k in savings, $250k in my 401k and random investments in the $50k range. + +I feel as though I can return to this line of work at any time - I've been offered 3 similar positions since I quit - but I'd almost rather do anything else with my life. My current plan is to spend a lot of time with the kids, finish the Bachelors degree that I've been putting off, and work a bit part-time close to home. I don't have a firm plan for the future right now work-wise, but I'm open to virtually anything. + +Any tips? Suggestions? Thanks in advance. +This is more a commentary on the sub meta, but overlaps with a lot of online societal issues. Being one hundred percent sincere, a lot of you are showing signs of radicalization and genuine cult like behavior over meme stocks. + +This sub has always had its in jokes about gambling addictions and going long on $ROPE that alluded to some real life issues members would occasionally experience, but this is different. Ever since $GME, this sub has morphed into a genuine echo chamber which is fed by bot farms giving individual investors a false feeling of social support and acceptance for logically indefensible investing habits. Lets take a look at $BBBY. The CFO was witnessed by his wife committing suicide and the conspiracy theorists are already running out theories that this was to cover up nefarious activity by short sellers rather than just a man giving into despair. If you are looking at these theories and using them to justify continuing holding bags in $BBBY, I am talking to you. You need help. Talk to a friend or family IRL, delete reddit for a while, and just decompress. + +This is a sub for making money. If your DD stops being about earnings reports and trend analysis, and starts being about international financial conspiracies killing the executives of a failing retailer, rethink what you’re actually doing and how you got here. + +Edit: The cultists have found me out. I’ve spent years undercover on this sub in preparation for this very piece of FUD. It’s just here to hold them back from that glorious moment that is definitely just around the corner where they will make millions, the hedgies will go bankrupt, and the NYSE and SEC will do nothing to stop the stock market erupting in turmoil. +We both make minimum wage. We do not currently live together or have finances together, until our marriage next week. I work about 35 hrs/week, he works about 25-30. I get paid the 10th and the 26th of every month, while he gets paid every Friday. This comes out to us combined having 6 paychecks (7 once in a while when there's 5 weeks in a month). We made our budget for April and with our average income combined we make enough for our bills, a bit of savings, and a little extra. The problem is figuring out how to make sure we don't accidentally spend our bill money. Currently the bills are due on 3-4 different days of the month. I will be calling to see about trying to make them all come out on the 1st to make it easier. When it was just me, I was splitting half of my bills each paycheck and sending that half to a seperate account to make sure there was no way I could spend it. It seems way too complicated to try and do that 6 times a month. We will be having a joint bank account and have all finances together. Do we pay certain bills with certain checks? Do we set aside an amount from each check for bills? If so, what percentage? Any idea how we can do this? We are clueless. +My current before tax income is 28000 annually with potential to increase by next year. Right now I am sharing a house with flatmates who are terrible to live with. Even after numerous notes and initiatives I can’t get them to act like decent humans. +They keep house in a state that it just kills my interest to go home or I just keep to myself in my room. + +Due to university near me almost all houses/ studios are snatched by agencies for letting to students. So 1 bed properties are quite scarce and bit expensive. +Almost all of them are priced around 40% of my monthly take home without bills. I just don’t know if it would be a good financial decision to make as my lease on current house is about to end. + +Edit: I appreciate all the responses and quite thankful for them. I have decided to make a budget and weigh in living cost with my salary and saving. Otherwise considering to rent 2 bed flat and sharing with a friend. +Update 3: I've done a reverse whois lookup on their website, and found a ton of domains registered under the same email (not same IP) in their whois. the domains look super damn scammy by the way, you can check them out yourself here: https://i.imgur.com/HG31eie.png + +And for the actual list if you don't wanna see a picture, here: http://viewdns.info/reversewhois/?q=xiangliao%40gmail.com + +I got the email from: https://www.whois.com/whois/btcgpu.org +**BTG is, without a doubt, a complete scam.** + +Looks like they tried running several ICOs from the looks of their domain lists. +Update 2: + + +Premined: https://github.com/BTCGPU/BTCGPU/pull/2 + +* Unfinished pow implementation: https://github.com/BTCGPU/BTCGPU/pull/15 + +* Replay protection not implemented (**You might lose your Bitcoins if you try to transfer or sell your +airdropped Bitcoin gold be careful!**): https://github.com/BTCGPU/BTCGPU/issues/18 + +* No change of difficulty algorithm implemented (they will compete with other GPU-mined coin for hashpower) + +* No commits merged to main public repo in last 21 days + +* Without the difficulty fix alone, this coin will crater rapidly. + +Assuming it survives that, without replay protection, big exchanges won't list it, and wallets won't support it. +The code is unfinished and in flux that no-one can seriously review it yet, and there's no commit for a testnet definition yet. (thanks to /u/StrawmanGatlingGun) + +Update 1: In their Website-Snapshot from the github (https://github.com/BTCGPU/website) they stated that the fork snapshot already processed: "Bitcoin Gold (BTG) is a new proof-of-work cryptocurrency that will be hard forked from the Bitcoin blockchain on October 1 at block height 487427", which actually ended up being September 28th (https://blockchain.info/block-height/487427) partial info thanks to /u/rhuxx for the find. + +As some of you may know, Bitcoingold is attempting to fork Bitcoin at the 25th of October. However in the past they decided they'll fork during the **Bitcoincash** date, both of which have ended up confusing me thus I've decided to do more research on the matter. + +*As I dug in deeper Bitcoingold started falling apart in front of my eyes losing all my trust in it. Here is what I've found.* + +First I read about this to get a better idea behind it: https://medium.com/@EthereumRussian/is-another-hardfork-going-to-kill-bitcoin-bitcoin-gold-e49b24ad8a9 + +The article mentioned there's been an ICO page, intrigued I decided to do a quick google search and found this 29 August bitcointalk thread that has more information regarding it: https://bitcointalk.org/index.php?topic=2046790.0 + +Along with the original Bitcoingold developer thread: https://bitcointalk.org/index.php?topic=2133536.0 + +It seems that they have possibly ran an ICO (Unsuccessfully most likely) but most certainly had premined the coin, thus I went to their website which at the time (9th of October) only ran a splash screen: http://btcgpu.org/ in an attempt to confirm my doubts. + +This didn't lead me far, I needed to confirm those claims by myself, thus I went to the wayback machine (a wayback machine takes snapshots of websites so you can tell what changed in a website over time) and picked the August 31 date of the bitcoingold website. https://web.archive.org/web/20170831032225/http://btcgpu.org/ + +**This confirmed the rumors**, the website owners/original developers intended to run an **ICO** (which may or may not been successful) and also **premined** 16000 Blocks, **worth at** **least 200,000 Bitcoin gold**. +The ICO price was supposedly 1 BTC = 10 BTG. + +Since they are holding that information away from us and hiding it, this makes me believe that, **bitcoingold is infact a scam** and an attempt to milk the Crypto community out of their money, please don't fall into this scam and don't buy bitcoingold, dump it and let others know you can even do your own research with the Wayback machine I linked above or any time machine. + +Regards, +Faycal Kilali + +tl;dr BTG (Bitcoin gold is pre-mined 200,000+ BTG, and previously offered as an ICO, now they are trying to hide both of that information from us and telling people to dump their alts to get free "Bitcoin gold". the fork dates do not match, they specified different dates 3 times, once in their github page (1th october, and the block ended up being mined at 28th september) and a third time as 25th of october. all this combined information makes this me believe with no doubt that this is a scam in the making, and you should all dump your BTG as soon as you get it and never, ever buy BTG. also there is no replay protection, incomplete pow implementation, and no difficulity adjustment just the replay protection alone means you can lose your BTC by trying to sell/transfer your BTG, whois email associated domains shows complete scammy icos and domains registered under the email, this without a doubt they are 100% scammers.). +I just received an email from the real estate offering a lease renewal for 6 months with a $20/week increase in rent. Am I wrong in believing this is not really justified at this time? I was not expecting it at all, I see people on this sub requesting decreases in rent. + +I consider myself a good tenant. I’ve always paid rent on time and rarely bother the owners or real estate at all with repairs and requests, I do it all myself. Would they really want to risk me leaving and struggle to find a new tenant? Or do I have less leverage in this situation than what I imagine I do? + +Also, they’ve sent this 3 months out from my lease expiring and state that unless advised otherwise they will write up the lease. How long do I have before I request to deny that price increase or negotiate? + +I’m by no means attached to the place and happy to live elsewhere rather than pay an extra $20/week, but would like to stay at current price or less. + +What would my best course of action be? Suck it up or push back on them? + +Any other info that might help would be appreciated. +Thanks. +I have been a long time lurker and can I say I have learnt so much about how to manage finances so i want to thank everyone. + +I have been thinking about purchasing a home and looking at options that are permissible in my religion (Islam) as interest is not generally not allowed as is seen as an "unfair practice". I was wondering if anyone on here has had an Al Rayan mortgage /Islamic mortgage and what was their experience with it. + +I would very grateful for any response. + +(throwaway account as family is on Reddit) + +Edit: Thanks to everyone for the very useful replies and links! +For the people of the Ukraine, time is running out. Their [banking system is collapsing](http://blogs.wsj.com/emergingeurope/2014/02/21/ukraine-banks-limiting-cash-withdrawal/). Their [currency is crashing](http://www.skynews.com.au/topstories/article.aspx?id=954141). People [need food, medical aid and supplies](http://www.coindesk.com/hold-ukraine-protestors-turn-bitcoin-fundraising). They may be under [foreign invasion](http://www.telegraph.co.uk/news/worldnews/europe/ukraine/10669475/Ukraine-Russia-launches-armed-invasion-as-Obama-warns-Moscow-of-costs-of-intervention.html)! + + +The people of the Ukraine need us. They have been cut off from the world. Only Bitcoin can reach them. + + +This is the right moment to prove that Bitcoin can do what we have always promised – to protect freedom. + +I am writing from a Bitcoin Hackathon in Tel Aviv. We have stopped what we are doing to help this cause. We have managed to reach out to the protesters on the ground and, in collaboration with Gary Kasparov and the Human Rights Foundation, are identifying where the funds are needed most. + +**We have created a multi-sig wallet to accept donations: 39wbuEjp3mfFAB3bTjmkFB69XAmKYRMq5i** + + +The keys are held by three trusted members of our community: + +* Edan Yago – Board member of DATA, CEO of Epiphyte. +* Ron Gross – Executive Director of Mastercoin Foundation, Co-founder of the Israeli Bitcoin Association +* Elizabeth Ploshay – Board Member, Secretary of the Board, Bitcoin Foundation + + +More information, updates and the opportunity to donate can be found at [bit-cause.org](http://www.bit-cause.org/) + + +We hope that the global Bitcoin community joins us. + + +Donate. +Create Memes. +Viralize. + + +Together, we will show the world what Bitcoin can do! + + +**That address again: 39wbuEjp3mfFAB3bTjmkFB69XAmKYRMq5i** +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Righto fuckers, i'm new here, and I want to hear your opinion on what the next rockets will be in 6 months time. End of Year. + +&#x200B; + +I've noted you lot are high on NVX, Z1P so what else could be a big winner this year? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +ON THE 1ST DAY OF PURGEMASS YOUR MODS GAVE TO YOU... + +FOUR COMPANY CALLS + +THREE WARRANTS OFFERS + +TWO IN THE MONEYS + +AND AN OUT-OF-MONEY OPTION SPREEEEEEE!!!! + +&#x200B; + +IT IS TIME FOR A SPECIAL PURGE EVENT. THE US ELECTION COMES BUT ONCE EVERY 4 YEARS. THIS MEANS THAT CHRISTMAS COMES EARLY THIS YEAR. BUT UNLIKE THE LAST PURGE, WHICH WAS FOR EQUITIES, THIS ONCE IS FOCUSED ON AN ENTIRELY OTHER REALM. THE DARK SHADOWY PLACE THAT MANY ASX\_BETS FEAR TO TREAD. DERIVATIVES, OPTIONS, WARRANTS AND ALL THAT OTHER SHIT THEY TALKED ABOUT IN THE BIG SHORT. + +THIS PURGE WILL BE BASED ON PAPER TRADING $5000 ON SOME FORM OF DERIVATIVE, YOU CAN "BUY IN" ONCE (THIS WEEKEND) BY DECLAIRING WHAT YOU'RE SELECTING AND SELL ONCE AT SOME POINT IN THE NEXT MONTH. MAKE A REPLY IN THIS POST WHEN YOU BUY (WITH SCREENSHOT OF HOW YOU GOT THE PRICE) AND THEN REPLY AGAIN WHEN YOU'RE SELLING (SAME DEAL). IF THE COMMENT IS EDITED, IT WILL BE TAKEN AS A FAKE EDIT. + +**LEVERAGE AND DERIVATIVES** + +CHOSE ONE OF THE FOLLOWING YOU'D WANT $5K OF: + +1. [EXCHANGE TRADED "STANDARD" OPTIONS.](https://www2.asx.com.au/markets/trade-our-derivatives-market/derivatives-market-prices/single-stock-derivatives) [USE THE MARGIN PRICE ESTIMATOR IF YOU DON'T HAVE BETTER TOOLS](https://www.asx.com.au/marginestimator) +2. [WARRANTS.](https://au.citifirst.com/) +3. COMPANY ISSUED OPTIONS FOR THE PENNY ADDICTS +4. LEVERAGED ETFS (GEAR, BBOZ, BBUS, SNAS) WHICH USE DERIVATIVES IN THE BACK END. + +PAPER TRADE PRICE WILL BE ACCEPTED BASED ON VALID PRICING MODEL. POST ENTRIES BELOW WITH A SCREENSHOT. EASIEST WAY WILL BE TO JUST USED THE ASX MARGIN ESTIMATOR. SCREENSHOT THE THEORETICAL PRICE YOU ARE BUYING FOR WHEN YOU POST YOUR REPLY, MAKE SURE TO INCLUDE THE PRICE LISTED AS THE CURRENT PRICE AS AN INPUT. REMEMBER, THAT WITH XJO OPTIONS, ACTUAL PRICE IS x 10, WITH EQUITY OPTIONS, IT'S X 100. + +&#x200B; + +WARRANTS ARE AS PER THE OFFER PRICE ON THE CITIFIRST WEBSITE. YES WE KNOW MANY ACTUALLY HAVE NO DEPTH. SCREENSHOT THE PRICE YOU ARE BUYING FOR. REMEMBER THAT IF YOU KO, THEY REOPEN THE MARKET THE NEXT DAY TO GET YOUR DREGS OUT. WARRANTS ON ITEMS SUCH AS GOLD AND FX ARE ALLOWED. + +&#x200B; + +SELECTIONS OF WHAT YOU WANT MUST BE DONE BY 6PM EASTERN TIME ON SUNDAY NOVEMBER 1ST. FINAL CLOSING DAY OF THE PURGE WILL BE 30TH OF NOVEMBER. BUT REMEMBER MANY OPTIONS WILL EXPIRE ON NOVEMBER 19TH. + +&#x200B; + +THE BEST PERFORMANCE WILL BE HAILED AS A DERIVATIVES GENIUS, THE WORST PERFORMER WILL BE BANNED FOR A YEAR. + +&#x200B; + +WARNING: OPTIONS AND GSL WARRANTS IN PARTICULAR ARE MUCH HIGHER RISK AND MUCH HIGHER REWARD THAN STONKS. IF THEY ARE OUT OF THE MONEY ON EXPIRY OR KNOCK OUT, THEY ARE WORTH ZERO. BUYS MUST BE DECIDED BY THE END OF THE WEEKEND BASED ON FRIDAY CLOSING PRICE, BUT "SELLING BACK" TO MARKETS CAN BE DONE AT ANY POINT THE MARKET IS OPEN ON THE SAME BASIS. IF YOU SET AND FORGET AND IT EXPIRES ON NOVEMBER 19TH OUT OF THE MONEY, YOU ARE WORTH ZERO. + +&#x200B; + +THIS IS DANGEROUS TERRITORY. BUT WE'RE HERE TO HELP YOU GET REAL, NOT JUST PENNY STOCK PUMPERS. ITS TIME FOR YOUR BALLS TO DROP OR YOUR TITS TO GROW (OR BOTH), THE WORLD IS SCARY, DERIVATIVES ARE TOO. + +&#x200B; + +[IF YOU HAVE GENERAL QUESTIONS ON OPTIONS ETC, PUT THEM IN THE MEGATHREAD.](https://www.reddit.com/r/ASX_Bets/comments/jipmc9/options_and_derivatives_megathread/) + +[ALSO THE SHOUTING IS A PURGE TRADITION](https://www.reddit.com/r/ASX_Bets/comments/hkg3bb/10k_members_we_now_begin_the_purge/) + +LET THE PURGE BEGIN. + + + +&#x200B; + +&#x200B; + +**SPECIAL RULE: THE LIGHTNING ROUND** + +GIVEN IT IS EXPECTED MORE THAN A FEW WILL GO TO ZERO VALUE DUE TO BUYING AND PAPER HANDSING UNTIL EXPIRY (OR GSL WARRANTS THAT KO). THESE PEOPLE WILL BE ENTERED INTO A 1 WEEK LIGHTING ROUND IN EARLY DECEMBER. THE WORST PERFORMER WILL BE BANNED FOR A YEAR. THE OTHERS WILL BE BANNED FOR A MONTH AS A LESSON TO SELL YOUR DERIVATIVES PROMPTLY. + +CURRENT DERIVATIVES ENTRIES: +/u/CHANTICLEER85 CHOSE CSLT08 CSL DEC 292C + +/u/VPForFREE CHOSE BBOZ for $8.28 ($9.65) + +/u/mcfucking CHOSE ALLCU7 ALL DEC 26P (.314) + +/u/Tacomaster33 CHOSE APTZ37 APT DEC 97C ($3.282) and APTZ47 DEC 97P($8.177) AS A STRADDLE + +/u/SLAUGHTERRAIN CHOSE WBTOA ($1.070) + +/u/ARANDOMFITGUY CHOSE CZLOB ($.001) + +/u/Cool-Abbreviations20 chose APT 90C NOV BUT HIGHLIGHTED 90P. THEY MUST RESPOND QUICKLY TO EXPLAIN (Assume P, since it's $2.58) +Could we get a discussion going on different trading platforms? Or is that too autistic for this sub? + +I'm thinking a list of the not dodgy ones and fees/brokerage/tools ect. + + + +Then we could sling it on the side bar and when people asked about it point them that way. +I started Medical school in 2010. After a year and a half of studying 80 hours per week and getting 4 hours of sleep a night, I had a nervous breakdown. The result was me failing a few classes so I withdrew from the program (I was one failed class away from getting kicked out). I had racked up $75K in student loans during that time, my wife had also accumulated $15K at nursing school. We both started working full time at a clinic, each earning 10/hr. Even on both those jobs we were still going negative with our minimum loan payments. So, when we eventually were broke, we packed up and moved into my parents basement. The expenses all on credit cards. From when I started keeping track we paid 10K in interest (I didn't keep track at the start, so it is more). That all adds up to 100K. I described it at that time as "a suicidal amount of debt" Which is really how I felt. There were many dark days. I am now 30 years old btw. + +Here is the balance http://i.imgur.com/WMHmZc7.jpg + +Here is today's last payment http://imgur.com/2VQxxZ9 + +Here is my records of our payments. http://imgur.com/zHgXLqa I obviously didn't start keeping a log at the start, so I am missing all the minimum payments made before that date, which only covered the interest. This also doesn't show the credit card debt, which was about $2K-3K. There was also interest on the nursing debt, but I just estimated the payments there. so that also should be probably $500 in interest there. + +After trying to get some odd jobs, and applying for more grad school, I realized that if I were going to pay off these loans quickly I would have to start my own company. I was unable to find a job that would pay more than $10-$12/hr. (apparently biology degrees don't mean much, and 60 credits of med school don't mean much either). + +So I started a business while my wife was a nurse. Once the business started doing well, we lived on $2000 per month (rent, food, utilities, etc). If we made anything extra it went to the loans. I worked about 12 hours per day, 6 days a week during this time. Then this month we pooled all our money together and put off buying inventory so that we could just get rid of all the loans this month. So now all our accounts are depleted and so is our debt. + +I think I should start taking Saturdays off now :) + +I accidentally found Dave Ramsey. That was a big motivation for me. Does anyone know of similar style of show but for investing instead of getting out of debt? I think I need to start learning about that now. + +There were a couple big motivations for me that were a big help. I listen to them often. This video is a big one https://www.youtube.com/watch?v=5fsm-QbN9r8 + +Also this audio book has helped me set and reach goals. https://www.youtube.com/watch?v=Ruh-X8v9xyY + +I am only making this post because at the start, we were making about 12K per year, with 100K in debt and it really just seemed impossible. I thought my entire life was ruined. But through very hard work we are now able to finally start moving forward. I hope that if anyone reads this and is where I was mentally at that time, I want you to know that you can do it too. + +TLDR: left med school and accumulated about 100K in debt. Paid it off by living in our means and making extra payments. +This morning we discovered a phishing attack that came via email, requesting users to click to accept New User/Service Agreement. + +This prompted users to sign in to their accounts and authorize a malicious application to remove bitcoin from their Coinbase Wallet. + +We found this malicious application relatively quickly, and we shut it down. Only a small number of users were affected, and we will be reaching out to them directly. + +We will be reimbursing the affected users the bitcoin that they lost, while we continue the investigation. + +To stop this from happening again, we are reassessing our API/application approval process, as well as re-visiting the limits of money that can be sent over an application. Lastly, we began to talk about how we can proactively reach out customers and educate them on how to use their Coinbase Vaults as a more secure way of storing their bitcoin. + +We appreciate the feedback and patience with this matter. + +The Coinbase Team + +UPDATE: Adding link to the Coinbase Community https://community.coinbase.com/t/a-message-from-the-coinbase-security-team/476 +For years I never had a dishwasher. Thought they were extravagant and unnecessary. Last year, with me and my wife both working and with 2 young kids, we gave in and bought one. + +It's revolutionary, saves us at least 20 minutes every evening of that precious quiet time after the kids have gone to bed that was previously spent doing dishes. + +Which makes me wonder, are there any similar purchases we're missing out on because we're too focused on budget and frugality? +Ryan Cohen used to be an enjoyable person to watch from afar. But now? I am genuinely obsessed with this man and his intelligence. To bring nostalgic (and shorted) companies back from the dead to build an End Game sized army… fuck, it just makes me giggle with awe, excitement, and honestly intimidation + +Each of those tweets have gotta be benchmarks/ timestamps in some way. Especially the with ones we haven’t figured out yet, I need a version of the Social Network to watch in my Block Buster themed home theater someday. I can hear it now… + +“And that, kids, is how Ryan Cohen made your mama ape filthy fucking rich” +I expect this to be controversial, and I expect to get downvoted, but that's okay. This is a throwaway because I don't want to talk about my BTC holdings on a traceable account. + +I hold a few BTC. Less than 50, more than 10. I bought most of them in 2014. I've spent a few here and there, but have been DCAing pretty much constantly over the last few years, although because the price has gone up so much, I've probably added less than 1 BTC to my total in the last 3 years. + +All my coins are on a hardware wallet. I used to use paper, but got paranoid about losing it. I like hardware wallets, they're the best of a bad situation. + +And by "bad situation" I mean that *I don't want* to be my own bank. About 80% of my total net worth is tied up in BTC, and I can tell you, it's quite stressful to be responsible for that much value in one place. My remaining net worth is mostly tied up in my house, and in various stocks and shares, and I'm much more relaxed about that. + +Owning BTC is constantly in the back of my mind, and I don't mean the worry of the value going down. I'm sure the value will continue to rise, and even if it doesn’t, I'm totally at peace with that. The thing which is always in the back of my mind is knowing that, if somehow I lose my balance, I'll have no comeback. I want it to be in a bank where I get cover. I don't stress about losing my stocks and shares because the brokers I use are covered, and because, well, it's their \*job\* to look after my money. I'm just a regular Joe, I don't want to be my own bank. Oh, and I know the stats about how secure hardware wallets are etc. so I'm not looking for reassurance about that, it's simply that looking after it is stressful, regardless of how secure it is. Not to mention the additional worry about what happens if I die. If it was in a bank my next of kin would just take over ownership. As it is, I have to do something to make sure that if I die unexpectedly my next of kin are able to access my crypos. + +I like that I can my own bank (for smaller, say < $10k value amounts), but if BoA came out with an account tomorrow which I could transfer my BTC to, I would. And you know what, I'd sleep better too. + +(I know this is a bit of a /r/AmItheAsshole post! - I understand this is a good problem to have). +Throwaway for privacy. + +I am a 26M doctor from the EU making 6 figures/year, raised in a loving family who taught me the value of money and working hard. I was lucky and persevering enough to study little in easy private schools, and give all myself in difficult med school, crossing paths with extremely rich people and their parents, blending in and having fun while not being in the 8, 9, or 10 figure band (spoiler: the 10-figure kid is the most low-key of all). To clarify, very few of them were in medical school. + +I have heard and lived a lot of their stories and incorporated some of their lifestyle. All of them have generational wealth and are the opposite of flashy. + +One thing, though, took me by surprise: how is it that very few of their families choose to invest in medicine? Very few of them have any direct or indirect ownership in health related businesses, nor know any big players to which I am exposed daily. I choose an administrative career path in a European residency which blends a little epidemiology, and mostly managerial classes and I'm happy with my choice. + +To US and non-US people: what's your take on investing in medicine? What drags you in and what scares you? + +Thank you, and feel free to ask any question. +# ANOMALIES + +Looky looky, what have we discovered here. It seems our old boy Kenny is still up to his no-good tricks - but once again, the elusive GME manages to skate by unscathed. + +Today while watching $GME (using fidelity ATP) on the one minute chart we saw **5** 'glitch' candles appear from 11:35-11:46AM EST-5. + +[Notice the timestamp on 4\/21\/21 ](https://preview.redd.it/uv5wzcwbxlu61.jpg?width=3024&format=pjpg&auto=webp&s=dc727f3fa7e531c1c19c90a2620b5e0be8079913) + +I decided to post my intial findings on it here: [https://reddit.com/r/Superstonk/comments/mvih6l/we\_now\_have\_four\_glitches\_on\_the\_one\_minute\_chart/](https://reddit.com/r/Superstonk/comments/mvih6l/we_now_have_four_glitches_on_the_one_minute_chart/) + +Where I was swiftly met with fud and half-hearted bullshit as to why there was nothing to see and 'move right along ape' blah blah blah. But something common in many of the responses caught my eye - the word *'anomaly'.* + +**'iTs An Anomaly BrUh'** + +Treating sus with sus. I decided to investigate if something nefarious was actually going on. + +&#x200B; + +https://preview.redd.it/omwhp1glmlu61.jpg?width=583&format=pjpg&auto=webp&s=f87691efd40c3a4e55c04468232ad54b1e6ec8b3 + +Been in the market for about 10 years now. **NEVER** have I seen this many 'glitches' on one single stock - **ESPECIALLY** in such a short amount of time. + +In the previous post, we saw a lot of good ideas mulled around but then, out of the ape-god heavens, I was blessed with a private message reminding me to read a very important DD on operational shorting. + +&#x200B; + +https://preview.redd.it/cu8t2qjl7mu61.jpg?width=1439&format=pjpg&auto=webp&s=c07a79e524b124c6de8677f9eed34d64fa85fde8 + +SEE THIS EXCELLENT POST BY /u/NorthBalance posted last month: [https://www.reddit.com/r/GME/comments/md69vo/dd\_why\_gme\_went\_up\_today\_and\_how\_citadel\_may/](https://www.reddit.com/r/GME/comments/md69vo/dd_why_gme_went_up_today_and_how_citadel_may/) + +He describes in detail how naked shorting ETFs (like $XRT) affects $GME. + +In short: The important part of his post is below: + +**Arbitrage Analogy:** + +Think of ETFs like XRT as a fruit basket, and the stocks they contain fruits. Say the XRT fruit basket was $6 and contained a banana (GME), orange, and apple. And individual bananas are $1, oranges are $2, and apples are $3. The total cost of buying the fruits individually is the NAV (net asset value) which in this case is also $6. Citadel can make their own fruit baskets by buying individual fruits but they wouldn’t make too much money since the price of the fruit basket are usually similar to the NAV. In recent years Citadel and other APs have found a much more profitable strategy – Operational Shorting. + +[https://preview.redd.it/ws8rv6rw68p61.png?width=512&format=png&auto=webp&s=a03cfb7f45ca8f7b93602f91a3cf3e9c73c99e63](https://preview.redd.it/ws8rv6rw68p61.png?width=512&format=png&auto=webp&s=a03cfb7f45ca8f7b93602f91a3cf3e9c73c99e63) + +**Operational Shorting Analogy:** + +Citadel has the ability to NAKED SELL nonexistent fruit baskets (XRT / IWM) at $6 but not deliver on them until 6 days later. Flooding the market with tons of promised fruit baskets can drive down the price of individual fruits (bananas went from $1 -> $0.5, oranges to $1.8, apples to $2.7), only to buy back the individual fruits 6 days later at a CHEAPER NAV and deliver those fruit baskets to you. That fruit basket that was delivered to buyers only cost Citadel (0.5 + 1.8 + 2.7 = $5) to make, netting them a cool $1 while also driving down the price of bananas by 50%. + +When faced with “excess buying” pressure for ETF shares, **the AP/MM can sell shares “naked” and then locate or create the shares at a later time (up to T+6 for “bona fide” market making)** + +Market makers, often commercial banks or hedge funds, create ETFs for their issuers by buying the securities that the funds are supposed to represent. ***But they've discovered that they can make a predictable return by delaying the purchases and selling you nonexistent exchange-traded fund shares that they will create later***. These transactions are a form of shorting – Operational Shorting as coined by Richard Evans, Professor at the Darden School of Business." + +&#x200B; + +Back to our *'Anomalies',* bruh. + +Remember 11:35-11:46, April 21st. This was the day we saw those crazy candles up to 186? + +So if we calculate today's date as T-6 and look at $XRT we can see what the candle did for the day. That date would be April 13th. + +&#x200B; + +[We see a red candle of a possibly shorted ETF. Look at the 1m chart on April 13th for more confirmation of short.](https://preview.redd.it/qyix1gyn1mu61.jpg?width=1813&format=pjpg&auto=webp&s=8e06e5528df66c478ef94a7df03a6dbc6b3aa13d) + +Now, lets assume $XRT was one of many ETFs short bets placed. These bets were placed on April 13th - creating a lot of downward pressure. This timeframe (4/13-4/21) enveloped our boy DFVs April 16th expiration until finally completing the cycle of T+6, April 21st. + +Weird\*\*.\*\* These **anomalies** are everywhere - im tellllllinnn yaaaaa. + +*Luckily,* for DFV everyone likes the stock! Below we can see a chart of what GME did over that time frame. + +https://preview.redd.it/ivb6zacp4mu61.jpg?width=929&format=pjpg&auto=webp&s=d86a3382e8fb44420c74bf03acabd97fec048975 + +In the red square we see April 13th, the day this suggested operational shorting attack was launched. + +In the green circle we see April 21st, the day T+6 has ended. + +You can colors those in with your crayons if you'd like. + +https://preview.redd.it/kgrcxitf5mu61.jpg?width=729&format=pjpg&auto=webp&s=7cbff7662452976611a0db59c93e70a3fe34284e + +As you can see, the price actually rose from April 13th to April 21st. + +Back to our final tip from /u/NorthBalance + +\[ Should Operational Shorting Make Apes Scared? + +**Operational Shorting HAS NO PREDICTIVE VALUE ON THE PRICE OF UNDERLYING ASSETS 1 WEEK LATER. Unless apes scared and paper hand** + +Citadel MUST buy back the underlying stock on ETFs sold short at (T+6) WHICH MEANS IF YOU DON'T PAPER HAND THEY MIGHT HAVE TO BUY BACK GME AT A HIGHER PRICE THAN WHEN THEY STARTED SHORTING\] + +So, back to today, April 21st, and our + +***ANOMALIESSSSSSS*** + +[ANOMALLLIEEEEESSS](https://preview.redd.it/q4vmz62o6mu61.jpg?width=300&format=pjpg&auto=webp&s=62a3b88d15060f6d620232609afb316cee761a71) + +Sure looks like someone had to buy back a lot of stock and did it realllllll quick. + +https://preview.redd.it/gji0ltr46mu61.jpg?width=3024&format=pjpg&auto=webp&s=aabd30da7718716c43b35ff409b1387b9add8a90 + + ***ANOMALIESSSS*** + +I like the stock. + +\*this is not financial advice. + +For more in depth analysis of the trade details check out /u/G_KG post! + +https://www.reddit.com/r/Superstonk/comments/mvzj1f/price_anomalies_are_real_spreadsheet_analysis/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I do not believe that shorts have covered. Not by a long shot. However, assume for a second they did cover already, (even though they didn’t). GME has a safety net that other stocks being pushed don’t. + +When this all started GME was a dying brick and mortar relic of a business that was on the verge of going the way of blockbuster and toys R us. Now they’re primed to be a POWERHOUSE in the gaming industry with multiple streams of revenue, a KILLER team ready to make that transition, and the balance sheet to do it. This could be the greatest pivot in history. In the last couple months we’ve seen GME make it clear. E commerce is the way. They’ve added pc components, console repairs, an NFT, an e sports division, websites going live in countries all over the world, a clean balance sheet, hundreds of millions in liquid cash, and a laundry list of top talent, and more things I’m probably forgetting. What other company has made these changes since this whole thing started? None. No other company has the fundamental potential to be the “Amazon” of gaming. + +This is the safety net. If shorts somehow fuckery their way out of the moass (they won’t), this is why I’m holding no matter what. This transformation is going to be epic. No other opportunity has the short squeeze potential AND the fundamental transformation potential like GME. It’s a win win. It’s essentially playing both sides of the coin. + +TLDR: I like the stock. + +Not financial advice. Just my opinion. +As the title might suggest, I’ve been consuming a lot of ARK Invest’s content of late. They make the case that the coming years are going to be hell for a large segment of the market, due to the type of disruptive innovation that is the focus of ARK’s funds. They position themselves as a hedge against this activity. I’m aware they are, in a sense, marketing their funds, but I do think there is merit to their case. + +My question is, given this context, are broad market index funds as sensible a strategy as they are presented to be? What are some alternatives to incorporate as a hedge against this potential upheaval among stalwarts and the traditional safer harbors in the market? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +I think I started browsing here about 1.5 - 2 years ago and just started soaking in all of the financial wisdom and advice. I don't post much, but it's been a real informative experience to just see all the different financial situations that arise and the good advice to help mitigate them. My parents have struggled with financial problems their entire lives, despite me growing up fairly well off. I've determined to not have those problems as an adult. + +I took the first step and saved up $8,000 to pay off in lump sum one of my several student loans. Feels really good to thit his milestone and I just wanted to give a huge shout out to all the people who regularly give out advice here and help those in need. + +You help more than just the people you reply to and you certainly helped me :) + +8k down. 46k to go! + +The Nitty Gritty: + +**Annual Salary:** $40,000 gross + +**Bills:** + +* $500/mo - Rent + +* $250/mo - Student Loan + +* ~~$200/mo~~ - ~~Student Loan~~ + +* $200/mo Utilities - (internet, heating/electric) + +* $450 - $550/mo - Food (includes food for two cats and a dog) + +* $100/mo - Entertainment (Netflix, Spotify, video games) + +* ~$100/mo - Credit Card (revolving Credit that built up a little, should have paid it off first, but it's less than $500 so not a serious issue). + +* ~$50/mo - Other odds and ends. Car insurance, impulse purchases, etc. + +**Additional Stuffs** + +* I'm 25 + +* Last year I took a ~$15,000/year paycut to transfer to the place I work now. Old job had zero career prospects and had a toxic work environment. + +* I only really started taking my finances seriously until last year. I went from having no money in savings and 3k in CC debt to where I am now with minimal CC debt, an emergency fund, and paying down student loans. + +* I'm not great with my money, I tend to buy what I want, but I'm learning and PF has helped me a lot in this regard :) +Compare these two indexes that track the same index. One uses market cap, the other is equally weighted. + +* [S&P 500](https://us.spindices.com/indices/equity/sp-500) -8.52% YTD +* [S&P 500 Equal Weight Index (EWI) ](https://us.spindices.com/indices/equity/sp-500-equal-weighted) -16.68% YTD + + +Summary: Composition of stocks market changed after initial market drop. Those companies that do well in pandemic are already large and move the whole (market cap weighted) index up. Many other companies stay down and can go even bankcrupt. +(And they say that passive indexing removes infomation from the market. It's not doing it yet) + +--- + +This insight is provided to you by NPR https://www.npr.org/2020/05/22/861331371/stocks-are-up-but-the-economys-down + +> … when the coronavirus pandemic started forcing the U.S. economy to shut down in late February, the stock market tanked for the next month. By late March, it was down 34%. But then, even though the economy has kept getting worse and worse, the U.S. stock market has started to recover. It rebounded in a big way so that now it is only down 13% from where it was in February before the recession started. … And meanwhile, millions of workers keep losing their jobs each week. + +>… the stock market did beat the real economy to what was happening, and it reprised really quickly. And then all of a sudden, it became a battle of the composition of the stock markets. + +>… the whole stock market collapsed when coronavirus started hurting the U.S. economy, but then some stocks of companies started recovering even as others continued to struggle. + +>… it just so happens that the companies that are the best positioned for the environment we find ourselves in and what we will find ourselves in over the next six months to a year, the companies that are best positioned happen to already be the largest weighted components of the indices. + +>… companies like Facebook, Amazon, Microsoft, Apple and Alphabet, a.k.a. Google - are also some of the most valuable companies in the country. In fact, just those five companies make up about 20% of the entire S&P 500 … when those five stocks do well, they can help pull up the whole index. + +>… First markets dropped in panic sell. Then companies who don't suffer from the pandemic recovered and the composition of index changed. Big tech companies happen to be already large part of market cap of SP500, so they bring up the SP500 as a whole. + +>… aside from Amazon, which has almost a million workers, a lot of these companies don't actually employ that many people. Microsoft only has 144,000 workers. Facebook has just 48,000 workers. And this can partly explain why tens of millions of people can lose their jobs while the stock market keeps going up. + +>… not all companies are the same. Some big ones are doing fine, pulling up the stock market. Others are struggling, possibly going bankrupt, laying off workers. +So I'm 40yrs old and I have basically nothing for retirement. I'm a late bloomer financially speaking since the whole personal finance thing didn't hit me until last summer. Then corona came along. Lucky I didn't hit me to bad and only went about 5 weeks not working and I had enough money to get by but now I'm starting over with the worry of going back to not working. + +My income is 19.50/hr and a normal work week is 58.5hrs. And I have a separate account for 30 a day for per diem. When I do my budget I work with 600 a week. I low ball my income on my budget to keep myself in check (still learning financial responsibility and spontaneous spending). I'm working on my credit and paying down debt. At the same time as saving for emergency fund. + +My question is is there a faster way to save? My first idea is to get a CD and put money in savings at the same time. After a year use the money from CD and move to an investment account and hopefully start having my work generate a little more income to work with. Are my thoughts on the right path or am I just gonna spent all this time and not have it pan out when there are better options? And I know this takes patients and is a big part of it but I also want my money to work for me and actually feel I'm financially improving. Any advice is much appreciated. +Hi Friends, + +I am looking at this twitter deal. Elon is buying all of the shares at 54.20 but right now the stock is trading around 50.20. That's around an 8% premium. Why shouldn't I put all of my portfolio into twitter until the sale and then move everything back to my normal portfolio??? + +Thanks + +&#x200B; + +Also, I am struggling to find the closing date for this transaction. When are the shares being called? +*Reposting without any links since that seems to get caught in the spam bot filter* + +The recent energy crisis and conflict in Ukraine has a lot of us worried about living costs especially energy consumption at home, which is often one of the highest regular expenses for many. Rates are shooting up and in my opinion will never return to what they previously were unless there are some drastic changes in the UK government's energy policy. + +There have been many questions on /r/ukpersonalfinance and other UK subreddits about whether it is worth getting an air source heat pump (ASHP) or solar PV as a means of reducing energy bills. We moved into our new home last summer which has both an ASHP and a solar PV array, so whilst I can't share costs for retrofitting onto an existing property and return-on-investment times, I can hopefully provide data on how these systems perform in a suitably insulated property. It's going to be a long post with lots of numbers, but I'll summarise as best as I can at the end. + +Those that aren't familiar with ASHP should check out the Youtube channel **Technology Connections**. He did a number of detailed videos about ASHP within a US context but it is the same technology and applications in the UK. + +Key facts about our home (most taken from the EPC): + +- 4 bedroom detached with a basement - 176 sq metres + +- Air source heat pump (ASHP) - NIBE F2040-8 + +- Underfloor heating (UFH) - Heatmiser central controller, room thermostats and manifold / valves. Rooms are invidually zoned so I can control heating in each room independently. + +- Hot taps are fed by a large hot water cylinder heated by the ASHP system + +- Solar PV 3.2kWh max - 10 x 320Wh panels on South facing roof in Derbyshire + +- Mechanical Heat Recovery ventilation + ducting and vents to all rooms - Franksiche profi-air 250 + +- EPC A (92 score) + +- Wall - Average thermal transmittance 0.17 W/m²K + +- Roof - Average thermal transmittance 0.14 W/m²K + +- Floor - Average thermal transmittance 0.21 W/m²K + +- Air tightness - Air permeability 1.8 m³/h.m² (as tested) + +- Triple glazing on all windows + +&nbsp; + +I've unfortunately only got data for the last 6 or so months since that's when I got all the monitoring set up for the smart meter and the solar PV, but it covers the coldest months so is indicative of the max usage. This was our first winter in this house and I was still getting familiar with the optimal settings for the ASHP and heating schedules so we probably used more energy early on in the winter than we would do in the future. I have a Google Sheet set up to read from the Octopus API and my solar API which gives me some nice charts and summary metrics which helped me immensely in fine tuning our energy usage patterns to minimise cost. I'm still developing it and aim to publish a template and guide in the future. We do not have an EV so electricity consumption is primarily heating rooms, the water tank and cooking appliances like the induction hob. + +Month | average daily temp | kWh consumed | total solar kWh | average daily consumed | average daily solar | +:--------------:|:--------------:|:--------------:|:--------------:|:--------------:|:--------------: +Aug 2021 | 16.1 C | 229 kWh | no data | 7.2 kWh | no data +Sept 2021 | 15.9 C| 278 kWh | 283 kWh (from 5th Sept) | 9.2 kWh | 10.9 kWh +Oct 2021 | 12.1 C | 386 kWh | 203 kWh | 12.5 kWh | 6.6 kWh +Nov 2021 | 7.8 C | 530 kWh | 118 kWh | 17.7 kWh | 4 kWh +Dec 2021 | 6.4 C |702 kWh | 50 kWh | 22.6 kWh | 1.6 kWh +Jan 2022 | 4.6 C | 698 kWh | 151 kWh | 22.9 kWh | 4.9 kWh +Feb 2022 | 5.6 C | 472 kWh | 169 kWh | 16.9 kWh | 6.1 kWh +Mar 2022 (to date) | summary not published yet | 353 kWh | 334 kWh | 12.6 kWh | 11.7 kWh + +&nbsp; + +Couple of additional notes: we are on Octopus Go smart tariff which charges 5p per kWh between 00:30 and 04:30 and 15.33p per kWh at all other times (25p daily standing charge). It is an electricity only tariff and you need a smart meter set to report readings every 30 minutes. After months of tweaking the heating settings and schedules (to my wife's annoyance), we've settled on a schedule that heats up the downstair areas to 20C during the day and the upstairs areas in the early evening and early morning. The hot water cylinder heats up between 00:30-04:00 to make the most of the cheaper rate and 11:00-14:00 to make use of any output from my solar array. I don't regularly WFH, but the house is pretty much always occupied so we don't really turn off the heating unless we're all on holiday. + +Our bills are generated on the 18th of every month. Our highest bill this winter was £100.84 for Dec to Jan, 2nd highest was Nov to Dec at £92.52. Jan to Feb was lower at £79.97 mostly because we were away on holiday for 5 days so everything was set to standby state, otherwise it woud probably have been roughly on par with the previous billing period. + +&nbsp; + +**Is ASHP worth it?** + +I'm going to give the cop-out answer and say it depends. ASHP as a technology is perfectly suited to our climate (not super cold winters) and even mid-range ASHPs can maintain relatviely high efficiencies or coefficient of performance (the ratio between the power kW that is drawn out of the heat pump as cooling or heat, and the power kW that is supplied to the compressor). My particular model has a COP of 2.68 @-7C, 3.76 @2C and 4.65@7C which are temperature ranges well within the winter temps we experience in the UK. + +What makes ASHP less viable in the UK is the cost of electricity and the state of insulation in many UK properties. If your home leaks heat like a sieve, then no matter what heating technology you put in, you're going to be consuming more energy to maintain the internal temperature. **Invest in your home's insulation first** Our energy consumption / bills would not be so low if we didn't have very good insulation throughout the house, that includes doors and windows. If you want the best ROI, it's in improving insulation first. + +As for the high cost of electricity, rates in the UK are expensive and one of the highest in Europe so relying on electricity to heat your home will be more expensive per kWh compared to natural gas for the foreseeable future assuming no changes in the UK's energy policy. The great thing about electricity is that it can be generated by multiple energy sources which include renewables and can include your own solar PV array (more on that later). The optimist in me hopes that recent events encourages greater investment in renewable energies so our energy prices are less reliant on global commodity prices and hopefully help reduce domestive supply rates. In 2019, 40.7% of electricity generation in the UK was from gas. + +If your goal is to reduce your household energy consumption then, ASHP is worth it **IF** you also implement the other necessary improvements to make it as cost effective as possible to run i.e. improved insulation, air tightness etc. At our current rate of consumption we would probably use between 8000-9000 kWh a year which is almost half what Ofgen suggests the average UK household uses in gas and electricty per year (12000 kWh gas + 2900 kWh electricity). + +&nbsp; + +**Do I need underfloor heating with an ASHP?** + +ASHP are designed to heat the water in a wet central heating system to lower temps as a means of improving efficiency / COP. Underfloor heating is the ideal solution for delivering this lower heated water around a home **BUT** that does not mean you can't have the ASHP deliver higher temp water to standard radiators. My particular model of ASHP runs most efficiently delivering 35C but can also be configured to deliver upto 45C to feed radiators with only a small reduction in COP. Gas boilers typically deliver 60-65C water so an ASHP will obviously take longer to achieve desired temperatures which is why it is so important to make sure you have excellent insulation in place first. Less heat loss means less time to reheat. You may benefit from larger radiators to deliver more BTUs so you can minimise conversion costs, but **first make sure you have sufficient insulation**. + +&nbsp; + +**Is Solar PV worth it?** + +On its own, I don't think so. I'm sure it made a difference in reducing our overall energy consumption, but we all know that sunny days in the UK are few and far between and more importantly much less frequent in the winter months when a household like mine uses significantly more electricity for space heating. My data table shows how much daily solar production can drop in these months and maybe produce just enough to cover 20% of the demand. The other problem with solar PV by itself is that you obviously only get energy production during daylight hours which again in the winter are significantly shorter. Most of my household's usage occurs in the early morning and early evening, so we don't get the benefit of solar power when demand is highest. + +Is solar PV worth it with a battery? In my opinion, yes and in this case I can provide some numbers for ROI on a battery installation since we do not currently have a battery, but have one on order (8.2kWh from GivEnergy). The calculations are pretty simple: + +- The battery, inverter and installation cost £5000 and comes with a 10 year warranty. + +- I'm going to ignore solar production for the purpose of this calculation to keep it simple. + +- My current Octopus Go rate will expire in August 2022, so I've calculated return based on the current Go rate which is 7.5p off and 34.43p on (!!!) + +- I would have the battery charge during the off period which would cost £0.61 for 8.2kWh. + +- That 8.2kWh is now available to be used during the on-peak hours when the rate is 34.43p per kWh, which equates to 34.34p x 8.2kWh = £2.54 + +- The difference between the two prices **£1.93** is how much I save per day if I use at least 8.2kWh during on-peak time, which we do on average from Sept to Mar (7 months). + +- Approximate winter savings per year is 1.93 x 210 = £405 per year + +- I do not have any summer data for our consumption so as a rough estimate I've assumed that we would normally use 4kWh per day on-peak = £1.24 which would cost £0.3 to charge off-peak. + +- The summer savings are therefore the difference = **£0.94** for Apr to Aug (5 months) + +- Approximate summer savings per year is 0.94 x 155 = £145 per year + +- Total annual savings = £550 + +- ROI on battery = £5000 / £550 = **9 years** + +*If I include my solar PV as a variable, then the savings in the summer and part of the winter could be greater since there may not be a need to charge the battery from the grid at all* + +*I'm also betting on the fact that the electricity rates will continue to rise for some years so the savings will increase year on year* + +&nbsp; + +**Summary** + +This took a while to type up and format correctly so I hope it was helpful to some people. Unfortunately there is no "magic-bullet" solution. Our old home was old, had poor insulation and would have cost 10's of thousands to get to a modestly energy efficient state. We sacrificed internal and external space when we sold it in 2019 and bought this new house because we were so worried about our energy bills which were already ridiculous at the time (£200 a month in the winter for gas and electricity). It made more sense to sell the house for a more efficient smaller house than it was to deal with cost and disruption to significantly modernise it. Whether ASHP / solar PV / battery makes sense for you depends on your property, your energy usage and ultimately what you can afford. If I had to give a summary it would be: + +1. Get a smart meter (SMET2) - this will give you access to smart tariffs that I predict will be the more cost effective option for many people. It has also been amazing to be able to see our energy usage in 30 minute increments which really helped me understand how and when we use energy. I would not have been able to optimise our usage (and be tweaking it further once we get the battery) if I didn't have that granularity of data. + +2. Review your energy usage regulary - are you consuming more than you would expect? Are there periods in the day when no-one is home and you're still consuming a significant amount of energy? + +3. Understand your home's heating systems - learn how to control them, set timers, put them into standby mode etc. Google the controller model and 90% of the time you'll find a digital copy of the manual. Read it. Consider smart heating controls if your current ones are too basic. Simply being able to have setpoint temps and schedules will help you reduce unnecessary space heating. + +4. Assess how good your insulation is (including doors and windows) and what options you have for improving it - the biggest ROI will be preventing heat from escaping your home. + +5. ASHP - great technology, perfect for the UK's climate. Should be mandatory for all new-builds (as well as very high spec insulation and MHRV). Can be retrofitted, but deal with the basics first i.e. insulation and ventilation. + +6. Solar PV - (my opinion) best paired with a battery for high electricity use households i.e. homes with electric heating or EV owners. Get the smart meter and analyse your electricity usages before investing. +Hello /r/UKPersonalFinance! + +I see a lot of posts here from people asking for advice about whether they should use their savings/inheritance/windfall to pay back their student loan early. Some of the posts are from high earners who may benefit from saving money on interest, but a lot or from people who will actually end up paying more if they try and pay down their loan early. + +I've created a website that tries to clearly explain why paying back a student loan early is rarely a good idea. The website also has a calculator created using R Shiny that calculates the total you will pay back based on your current salary and interest rates, and tells you what you will save (if anything) by paying down or paying off your loan in a lump sum. + +This is my first time making a website like this, and I hope people will find it useful. Any feedback is very welcome! + +The site doesn't save any of your information. There are no ads at the moment but I hope to place some non intrusive ones if the site gets popular to offset the cost of hosting the R Shiny application. + +The site is www.shouldipayoffmystudentloan.co.uk + +Thanks for taking a look! +[This is essentially a remote crash vunerability in BTU.](https://github.com/BitcoinUnlimited/BitcoinUnlimited/pull/371) Most versions of Bitcoin Unlimited(and Classic on a quick check) have this bug. With a crafted XTHIN request, any node running XTHIN can be remotely crashed. If Bitcoin Unlimited was a predominant client, this is a vulnerability that would have left the entire network open to being crashed. **Almost all Bitcoin Unlimited nodes live now have this bug**. + +To be explicitly clear, just by _making a request on the peer-to-peer network, this could be used to crash any XTHIN node with this bug._ Any business could have been shutdown mid-transaction, an exchange in the middle of a high volume trading period, a miner in the course of operating could be attacked in this manner. The network could have in total been brought down. Major businesses could have been brought grinding to a halt. + +How many bugs, screw ups, and irrational arguments do people have to see before they realize how unsafe BTU is? If you run a Bitcoin Unlimited node, shut it down now. If you don't you present a threat to the network. + +**EDIT:** [Here is the line in main.cpp requiring asserts be active for a live build.](https://github.com/BitcoinUnlimited/BitcoinUnlimited/blob/release/src/main.cpp#L55) This was incorrectly claimed to only apply to debug builds. This is being added simply to clarify that is not the case. (Please do not flame the person who claimed this, he admitted he was in the wrong. He stated something he believed was correct and did not continue insisting it was so when presented with evidence. Be civil with those who interact with you in a civil way.) +Some people are saying the recent, albeit nominal, climb of venture capital (VC) funding in startups are signs of another bubble. It's climb mimics that of the dotcom boom/bubble of 2000. I do not think it's another bubble because I think there is a genuine need for startups in the economy of the future. To elaborate, I think the economy of the future is one of increasing decentralization. Across the world we are seeing increasing decentralization in terms of information [TOR network/mass internet access], law ["smart" contracts], production (from manufacturing to energy and food production) [3D printing, rise of decentralized energy production, more local food production solutions, etc.] and finance [Bitcoin]. I would love to dive into this further, but for the sake of brevity I digress. + +Look at [this graph](https://www.quandl.com/data/NVCA/VENTURE_3_09D-Venture-Capital-Investments-By-Stage-Number-of-Deals-Quarterly?utm_medium=graph&utm_source=quandl) for the past 25 years or so of venture capital funding deals in startups. (Click on the different stages above to see the additional data) [Another representation](http://tomtunguz.com/images/average_dollars_raised.png) (and probably clearer one) of this is the average amount of dollars raised by startup companies. As we see here, the similarities between now and the dotcom boom are more prevalent. + +Conversely, here's [an article](http://www.inc.com/magazine/201505/leigh-buchanan/the-vanishing-startups-in-decline.html) written in May 2015 by INC. Magazine that highlights the American and world entrepreneurship decline between the 90's to now. I found it fascinating, but to save you time of reading it, the overall premise is backed by sound data. (e.g. In 1996, young people launched 35 percent of startups. By 2014, it was 18 percent. / Or [this graph](http://images.inc.com/uploaded_files/inlineimage/startupschart-inline_30176.jpg) here) The problem lies in "the big guys soaking up the ocean" as they introduce higher barriers and challenges for entry. The other problem is funding. Read this excerpt: + +> In 2014, VC firms invested $48 billion in deals, the most since 2000. But professional investors have showered more love on mature companies than on infants. Research by Mattermark, which tracks startup data, shows that between 2005 and 2014 the size of seed investments made by VCs stayed flat. The size of C, D, and E rounds, by contrast, roughly doubled. The number of small seed rounds has recently dropped, according to PitchBook, with investments below $500,000 declining 61 percent between the first quarter of 2013 and the fourth quarter of 2014. Below the VC level, angels and seed funds have proliferated as startup costs have decreased. But even angels’ interest in fledglings is down. + +But since its trough of ~2009, we've seen almost a doubling of entrepreneurship from 4.8% to 9.7%. Our levels are now reaching that pre dotcom boom, but I think it's different now from the "blind goldrush" of the internet in 2000. I say, we're starting to realize the true importance of startups. They enable us to experiment and to take massive risks that the big companies cannot afford to. They conjure exponential technological growth. And most importantly, they give the people of the world hope and a way to finally chase their dreams. In a day where a dollar spent is more influential than a vote accounted, these startups may even incite a political and financial reform that is desperately needed. Practically, Startup and operational costs will decrease, thanks to cloud computing. More platforms like the iPhone will likely emerge. And 3-D printing and associated technologies will bring manufacturing within the reach of new businesses. + +I've recently became inspired to research startups and VC's after reading Peter Thiel's (a prominent silicon valley venture capitalist) new book made from notes from a seminar he gave at Stanford about startups. Zero to One: Notes on Startups, or How to Build the Future. It's now one of my favorites and I recommend it liberally. + +So, do you think we are seeing another bubble in VC/startups or is it a justified rise and a sign of a changing economy? + +Thanks for your time everyone +Any tips how to master it? How to stop blowing accounts? How to take only 1 to 3 trades a day? Stop fomo? Accept losses and dont get then too huge.. +Just blowed 2 months worth of profit in 1 session..taking few weeks of trading to get back better, any advice will be appreciated +I imagine the folks who have been members of this sub have already read plenty on the exchanges available to them, so this is directed primarily for newcomers. But this is still important information for all of us. + +Most of us were either in the midst of or at least observed what happened January if this year when RobinHood (RH) blocked sales of several stocks. That action was criminal. What is even worse is the days prior, RH had unofficially blocked sales of stocks. I was one of those GME/AMC holders. I still am. I had purchased 500 shares of AMC at $4.50 per share and watched my money increase sixfold over night. I set a stop loss at $19 per share and when I had logged back on, my shares were down to $15 each. I lost thousands that day. + +Last year I was also using RH to dabble in to Crypto. I experienced on several occasions their servers would crash when the Crypto I was interested in either spiked or dipped. I could never purchase at the bottom, nor could I sell at the top. + +I now invest in Crypto through Coinbase and through Voyager. My transactions take place immediately in both of those exchanges and I would highly recommend them to anyone. (If there is anyone interested in Voyager, pm me and I'll send you my link and we both get $25 worth of BTC. I'm not here to advertise so I will not post it here). Other folks have mentioned Binance as their primary exchange as well. + +If you are purchasing Cryptos through RH, I implore you to reconsider. I want to see all of us succeed. Crypto Currency is OUR TIME to be successful. We are the early adopters. I don't want to see any of you screwed out of what you deserve for taking the same chance we're all taking. + +Good luck this week, Fam. Stay healthy and stay safe! +this is largely UK based but will apply to any modern economy i feel - especially all european and western economies. marking as possible dd because it may link to other inflation related DDs in the future- and it may link well with the billionaire boys club parts 7 thorugh 11 - /u/BadassTrader BadassTrader - this one might be interesting perhaps if for nothing else than to give light to the dd you did where you talk about the "buy, borrow, die" phase of how the rich use the system to borrow against assets that they dont really intend to repay and live a sweet life. + +Sauce: + +[https://hivebusiness.co.uk/insights/why-youre-not-supposed-to-know-the-real-inflation-rate](https://hivebusiness.co.uk/insights/why-youre-not-supposed-to-know-the-real-inflation-rate) + +pasted sauce just in case: + +February 11, 2021 + +When Cypher makes his treacherous deal with Agent Smith to betray Morpheus in The Matrix, he says: “I know this steak doesn’t exist, I know that when I put it in my mouth the Matrix is telling my brain it’s juicy and delicious. After nine years, you know what I realise? Ignorance is bliss.” Cypher is not a good guy. But he’s human. We all need stories and sometimes we know they aren’t wholesome but we indulge anyway. They let us feel OK enough to get on with our lives. When we have a pleasant narrative about who we are and what we’re doing here, we hold onto it, understandably. + +A narrative like, say, I am a family man and part of that role means providing for my family, and providing means being fiscally responsible, and being responsible means not taking risks. If we spin that out a little further, perhaps not taking risks means agreeing with the status quo. So we arrive, through what is quite a reasonable process of deduction, at a position where we are taking what agents of the status quo (governments, financial institutions, Agent Smith) tell us at face value. + +Why should a family man ever want to put himself in opposition to the status quo? Let’s take a look and find out. The first point to observe here is that narratives have, ever since humans learned how to spin a yarn, been used to empower and disempower. Control the narrative and you control the world. The first story we hear about money is that it exists independently, as an external object in the world. No. It exists only in our collective imagination, as do corporations, countries and legal systems. Which means it exists only to the extent that we put faith in it. Hence when confidence drains away from a currency and the government that backs it, we see hyper-inflation. + +Another story: the instruments that governments and institutions cite when they tell us about money are reliable and used in good faith. No. They are used only so far as they serve the narrative the government wants to push. The government borrowed a record amount in December 2020 — £34.1bn — and the only realistic way it will pay back national debt, which is now nearly 100% of GDP, is by inflating it away. There is no way politicians can admit this because to acknowledge it would make servicing its debt and paying for the public sector, where salaries are linked to the inflation rate, impossible. + +Inflation is arguably the most social pernicious route out of mounting debt. It silently redistributes wealth while apparently aiming to “keep things stable for everyone”. It transfers wealth from people who rely on salaries to people who live off assets (it has been suggested that a good number to aim for when investing is 10% of your income after tax, and if you invest nothing you are going to be walloped by inflation). + +Governments don’t want you to know this, but inflation is happening at a rate far higher than the official story would have it. On its website the Bank of England says inflation has averaged 2% since 1997, when it began controlling the base rate. It says that if inflation goes above its 2% target then it will increase the base rate so people spend less. Actually it only cuts it (from 7.25% in 1997 to 0.1% today). And even when it recognised the official rate of inflation was 3% between 2008 and 2013 it did nothing. Rates remained at the unprecedented low level of 0.5%. + +The average cost of private education in Britain rose by 49% in the ten years to 2018 (from £9,579 to £14,289). Type “rises faster than inflation” into Google along with almost anything you can think of buying and you will probably find that it has indeed risen much faster. How much more are you paying on your mortgage in 2021 than you were in 2010? This is the bread and butter of real life. I am paying more than four times as much for a house with the same number of bedrooms. That equates to the equivalent of a 14% inflation rate for my cost of living measured according to my mortgage payments. + +Another cost of living that hits people differently, depending on their circumstances and choices, is health insurance. The Association of British Insurers says average premiums rose by nearly 15% for personal health insurance between 2015 and 2019. This rise was probably why the number of people covered dropped by nearly 10% in the same period, during which, incidentally, the government doubled Insurance Premium Tax from 6% to 12%. This rise in health insurance premiums over four years is the equivalent of a 3.5% inflation rate. + +Could it be, then, that the rate of inflation isn’t actually the rate of inflation? That governments cook the numbers to control the narrative? You may have seen a bit of this with the Covid policies. With money, then, they may under or overemphasise inflation and overstate the veracity of their toolkits like the Consumer Price Index. The Boskin Commission in the US, for example, found that the CPI overstated inflation by 1.3% per year. That is a massive miscalculation. And, for context, the Bank of England’s 2% target is an arbitrary number dreamed up in a monetary policy in New Zealand 30 years ago that has become an article of faith among advanced economies despite never being “proven”. + +You might be forgiven for expecting, as you move up the chain of financial authority, to find more responsibility and accountability. I am afraid, though, that the deeper one looks the more one sees fictions, and increasingly flimsy ones. We are faced with an underlying cynicism and lack of integrity. But most importantly, we need to protect our wealth. If people knew the real rate of inflation was 7%+ it would crash the economy. Unlike Cypher, there’s no way back from this information. But you can use the forces at work to your advantage. Get in touch if you’d like our support to help build wealth efficiently. + +More on this topic another day… + +&#x200B; + +EDIT- as this is slowly blowing up - please do check out my other posts around what i am doing to preserve the dd and the posts and memes, and how to get access to it. Very happy to bring more servers online to make sure that this fuckery isnt forgotten. + +[https://www.reddit.com/r/Superstonk/comments/rpxrhl/ape\_historian\_here\_is\_the\_list\_of\_every\_single/](https://www.reddit.com/r/Superstonk/comments/rpxrhl/ape_historian_here_is_the_list_of_every_single/) (which links all other posts as well that are of interest) +A lot of old people (I see this a lot in the immigrant population) do this thing where they withdraw their bank accounts practically empty and leave a very very small amount in the bank. Apparently, they are scared that if their bank account balance is high enough this would compromise the amount they receive from Centrelink. Is this real or are they being a bit overkill? Like does Centrelink/the government monitor their accounts that closely? +Hey all, + +I work for the Australian office of an American company. + +The company got acquired and the new company has "unlimited leave" as opposed to the current accrued leave system. + +They are talking about not paying out the current leave and switching everyone to the new unlimited leave system. + +Is this legal in Australia? Do they have to pay out the unpaid leave that's been accrued by staff and then switch to the new system? Legally I mean. + +I know this isn't auslaw but it kind of fits in both subreddits. +Hi fatFire, + +&#x200B; + +I got lucky with an investment in a startup I bought for 50k$ a couple of years ago. It's now worth around 1M, so it's a significant portion of my net worth. The founders themselves have 90%+ of their net worth in the startup, and do not seem to care, because they REALLY BELIEVE in their company and growth doesn't seem to slow. I'm not involved at all, so I have less love/belief in the company, and I'm debating selling some of my stock. It's fairly easy to find buyers, but they do come one at a time, so the price is just pulled out of thin air basically. + +&#x200B; + +Any advice? What percentage should I sell (or not sell at all and wait for the exit with the founders themselves)? + +&#x200B; + +Thanks, + +&#x200B; + +Ash + + + +*EDIT: Thanks for all the insights, replies and questions. Much appreciated. I've decided to hold on to the shares for now. I was actually surprised there were quite a few suggestions to do so (since I assumed the FIRE crowd to be somewhat conservative).* +&#x200B; + +https://preview.redd.it/j5u1b5bohie81.png?width=327&format=png&auto=webp&s=0cbffccbd13ce1cb9710a7bc75e52e691630fe5a + +I see a lot of folks talking about Biden's Executive or next month, America Competes Act and the CBDC's being provisioned. + +&#x200B; + +If crypto wasn't seen as an issue it wouldn't need an executive order. + +TLDR + +The US has a network of Federal Reserves that when in other countries is called World Banks and the IMF. They are losing control of the money supply, they are getting ready to fight back. + +The Government is whack and President Blunder is about to use an executive order to come after crypto. History tells us that this can be pretty extreme if we reference what Roosevelt did with Executive order 6102; to confiscate gold. + +With out question this is being sold as a matter of national security + +[https://en.wikipedia.org/wiki/Executive\_Order\_6102](https://en.wikipedia.org/wiki/Executive_Order_6102) + +&#x200B; + +Remember Biden was the architect of all moderday civil forfeiture laws. Where the police take your stuff with out trial. Infac they put your items on trial to defend themselves. + +**In 2018 alone,** [**the Treasury Department’s Forfeiture Fund saw nearly $1.4 billion in deposits**](https://www.justice.gov/afp/page/file/1126546/download)**.** + +&#x200B; + +What department? The Treasury Department. + +Who does the America Competes Bill give Unilateral power to? ... The Treasury Department. + +Biden advocated for increased use of civil asset forfeiture by law enforcement agencies. \* taking a citizens property with out warrant or trial\*\*\*\*\*\*\* + +&#x200B; + +\*\*\*\*To be clear I am not saying they are coming to confiscate crypto, I am saying they are coming to regulate the shit out of it. IT compete with banks, it competes with wall street, it competes with the federal reserve, it competes with the IMF\*\*\* + +The closest knowledgeable resource he has is Gary Gensler who is crusading again crypto + +He supports Yellen who is pro surveillance and anti crypto, + +&#x200B; + +End TLDR\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Why Am I concerned about Biden. I dont like his track record + +Biden also sponsored two bills, the Comprehensive Counter-Terrorism Act (SB 266) and the Violent Crime Control Act (SB 618), both of which ***\*\*\*contained language seen as effectively banning encryption.\*\*\*\* crypto encryption MEH .......no biggie right!*** + +&#x200B; + +R3ad on! + +President Biden's infrastructure legislation is now law, complete with anti-crypto provisions originally intended to offset some of the law's $1.2 trillion cost. + +# Under the existing language, if you initiate a funds transfer for $10,000 in stablecoins to prepare for a house down payment, you would have to report reams of information you don't have about the crypto exchange that sent you your funds -- which makes no sense. And if you couldn't provide those details within 15 days........ + +# you would have committed a felony......... + +More on civil forfeiture! + +**The** [**Comprehensive Forfeiture Act**](https://www.congress.gov/bill/98th-congress/senate-bill/948) **was introduced by Senator Joe Biden in 1983 and it was signed into law the next year. With this law, federal agents had nearly unlimited powers to seize assets from private citizens. Now the government only needed to find a way to let local and state police join the party.** + +**This came with the** [**1984 Comprehensive Crime Control Act**](https://www.congress.gov/bill/98th-congress/senate-bill/1762)**. In addition to a slew of new powers for prosecutors, the burden of proof for asset seizure was lowered once again (agents had to only** *believe* **that what they were seizing was equal in value to money** *believed* **to have been purchased from drug sales). More significantly, the bill started the “equitable sharing” program that allowed local and state law enforcement to retain up to 80 percent of the assets seized.** + +&#x200B; + +pro banking + +**During the 2000s, Biden sponsored bankruptcy legislation, which was sought by MBNA, one of Delaware's largest companies and Biden's largest contributor in the late 1990s,\[50\] and other credit card issuers.\[153\] He fought for certain amendments to the bill that would indirectly protect homeowners and forbid felons from using bankruptcy to discharge fines.** + +He is allocating more resources to going after crypto than going after Wall Street or inside traders in congress and the federal reserve. + +&#x200B; + +Pro Police state + +In 1986, Biden sponsored and co-wrote the Anti-Drug Abuse Act which caused a large disparity between the sentencing of crack cocaine and powder cocaine users. Black drug users were more likely than whites to use crack and hence were incarcerated in larger numbers. + +Biden earned a reputation for being a "drug warrior", leading efforts in the war on drugs + +His history for the past 70 years is war hawkish beefing drug laws and cutting social saftey net programs. He also has an pro segregationist back ground and openly tried to stop buusing in his home state. + +Biden opposed the legalization of marijuana + +Biden helped author the 1994 Violent Crime Control and Law Enforcement Act, which deployed and trained more police officers, increased prison sentences, and built more prisons. + +SO what with the treasury do in an economic collapse when crypto flourishes? + +Hmmmm We shall see + +*Here is how screwed up the use economy is (each with definitions and explanations for those who want to learn):* + +Let's be very clear the American and world economy is on the brink of complete collapse. + +The synthetic CDO's of 2008 were never fixed, they gave banks money + +[https://www.youtube.com/watch?v=EEXTqtH-Oo4](https://www.youtube.com/watch?v=EEXTqtH-Oo4) + +The student loan crisis cant be fixed because of an investment tool like the above called SLABS + +[https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp](https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp) + +Covid is causing massive supply chain issues so sales and manufacturing cant recover \* if we can sell stuff and there are shortages the price will rise and wages will drop.\*\* + +[https://www.supplychainbrain.com/articles/34435-global-supply-chains-near-make-or-break-point-for-easing-in-2022](https://www.supplychainbrain.com/articles/34435-global-supply-chains-near-make-or-break-point-for-easing-in-2022) + +Inflation is recking the world economy + +Covid is going to endemic status but may evolve to get worse. + +Wall street is using the Federal Reserve as a piggy bank and the fed is using the Plunge Team to stop the financial collapse. Repos and reverse repos are at a record high as hedge funds are over-leveraged and in the extreme Red. + +[https://www.youtube.com/watch?v=I9UIumKX7Mw](https://www.youtube.com/watch?v=I9UIumKX7Mw) + +What is the plunge team + +[https://www.investopedia.com/terms/p/plunge-protection-team.asp](https://www.investopedia.com/terms/p/plunge-protection-team.asp) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Empires don't invade other countries to control people they do it to control economies and resources + +&#x200B; + +This includes pillaging their own: + +Its imperative to remember that the USA gave US citizens 1200 bucks and small businesses a fractured 2-time ppp system that was highly flawed but bailed out major corporations and banks at 120 billion per month. + +&#x200B; + +Most relevant (Previous executive orders) + +**Executive Order 6102** + +......is an [executive order](https://en.wikipedia.org/wiki/Executive_order_(United_States)) signed on April 5, 1933, by [US President](https://en.wikipedia.org/wiki/US_President) [Franklin D. Roosevelt](https://en.wikipedia.org/wiki/Franklin_D._Roosevelt) "forbidding the [hoarding](https://en.wikipedia.org/wiki/Hoarding_(economics)) of [gold coin](https://en.wikipedia.org/wiki/Gold_coin), [gold bullion](https://en.wikipedia.org/wiki/Gold_bullion), and [gold certificates](https://en.wikipedia.org/wiki/Gold_certificates) within the continental United States." The executive order was made under the authority of the [Trading with the Enemy Act of 1917](https://en.wikipedia.org/wiki/Trading_with_the_Enemy_Act_of_1917), as amended by the [Emergency Banking Act](https://en.wikipedia.org/wiki/Emergency_Banking_Act) in March 1933. + +The limitation on gold ownership in the United States was repealed after President [Gerald Ford](https://en.wikipedia.org/wiki/Gerald_Ford) signed a bill legalizing private ownership of gold coins, bars, and certificates by an Act of Congress, codified in [Pub.L.](https://en.wikipedia.org/wiki/Public_Law_(United_States)) [93–373](https://uslaw.link/citation/us-law/public/93/373),[\[1\]](https://en.wikipedia.org/wiki/Executive_Order_6102#cite_note-1) which went into effect December 31, 1974. + +Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of [gold coin](https://en.wikipedia.org/wiki/Gold_coin), gold [bullion](https://en.wikipedia.org/wiki/Bullion), and [gold certificates](https://en.wikipedia.org/wiki/Gold_certificates) owned by them to the [Federal Reserve](https://en.wikipedia.org/wiki/Federal_Reserve) in exchange for $20.67 (equivalent to $413 in 2020)[\[5\]](https://en.wikipedia.org/wiki/Executive_Order_6102#cite_note-inflation-US-5) per [troy ounce](https://en.wikipedia.org/wiki/Troy_ounce). Under the [Trading with the Enemy Act of 1917](https://en.wikipedia.org/wiki/Trading_with_the_Enemy_Act_of_1917), as amended by the recently passed [Emergency Banking Act](https://en.wikipedia.org/wiki/Emergency_Banking_Act) of March 9, 1933, a violation of the order was punishable by fine up to $10,000 (equivalent to $200,000 in 2020),[\[5\]](https://en.wikipedia.org/wiki/Executive_Order_6102#cite_note-inflation-US-5) up to ten years in prison, or both. + +[https://en.wikipedia.org/wiki/Executive\_Order\_6102#:\~:text=Executive%20Order%206102%20required%20all,in%202020](https://en.wikipedia.org/wiki/Executive_Order_6102#:~:text=Executive%20Order%206102%20required%20all,in%202020))%20per%20troy%20ounce. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Executive Order 9066 This post-Pearl Harbor order, now [infamous](https://time.com/4574680/muslim-registry-japanese-internment/), gave the military the ability to mark out areas from which it would be possible to exclude “any and all persons.” The upshot of this move was that more than 100,000 Japanese-Americans and Japanese immigrants were sent to[ internment camps.](https://time.com/4575821/mike-honda-internment-camp-registry/) + +Executive Order 10340 This order directed the Secretary of Commerce to “take possession of” American steel plants. The order put to rest a [threatened](https://time.com/vault/issue/1952-04-21/page/26/) strike . Steelworkers striking was a "threat" to national security. + +[https://www.trumanlibrary.gov/education/presidential-inquiries/steel-strike-1952](https://www.trumanlibrary.gov/education/presidential-inquiries/steel-strike-1952) + +&#x200B; + +Executive Order 13228 established the department of homeland security and turned America into a terrorist-fearing hell scape and took tax dollars and gave them to military contractors in mass. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +China, Russia, Iran, and North Korea are all being used as threats to roll out this new executive order to preserve the economy. + +&#x200B; + +https://preview.redd.it/08fjzg7q1ie81.png?width=1876&format=png&auto=webp&s=9df4d77607141baf5b1de22b150d08c16c243fe5 + +&#x200B; + +&#x200B; + +[https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR4521RH-RCP117-31.pdf](https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR4521RH-RCP117-31.pdf) + +https://preview.redd.it/jbrcihmx1ie81.png?width=2048&format=png&auto=webp&s=475ff52e8c978278411626a76dee2b57e0725d96 + +&#x200B; + +I will leave on this final note. There are 2 ways to enforce policy in the USA; Legislation and litigation. If you don't have laws for a situation (legislation) you go to litigate ( go to court) and get a precedent using older or other laws. + +The SEC is currently losing badly against Ripple in court. ( They wont get a precedent) So they are turning to legislation (create new enforceable laws). Ripple is designer really to send VERY LARGE transactions instantly across the planet. + +&#x200B; + +This directly competes with the CBDC and the Fednow Instant payment system coming out. + +[https://www.federalreserve.gov/paymentsystems/fednow\_about.htm](https://www.federalreserve.gov/paymentsystems/fednow_about.htm) + +This is an instant payment service for countries and large businesses (banks, hedge funds, etc) + +[https://www.federalreserve.gov/paymentsystems/fednow\_about.htm](https://www.federalreserve.gov/paymentsystems/fednow_about.htm) + +The IMF and Federal Reserve is looking to replace the ACH and payment systems + +&#x200B; + +Crypto and block chain systems make RTGS and ACH old outdated tech + +[https://www.imf.org/external/pubs/ft/fandd/2021/03/global-cyber-threat-to-financial-systems-maurer.htm](https://www.imf.org/external/pubs/ft/fandd/2021/03/global-cyber-threat-to-financial-systems-maurer.htm) + +(RTGS) are funds transfer systems where the transfer of money or securities takes place from one bank to another on a "real-time" and on "gross" basis. Settlement in "real time" means that payment transaction does not require any waiting period. The transactions are settled as soon as they are processed. "Gross settlement" means the transaction is settled on one to one basis without bunching or netting with any other transaction + +Comparatively, ACHs are typically used for low-value, non-urgent transactions while RTGS systems are typically used for high-value, urgent transactions + +[https://en.wikipedia.org/wiki/Payment\_system](https://en.wikipedia.org/wiki/Payment_system) + +&#x200B; + +Think of all those poor clearing houses and companies getting a % cut that will be wiped out. + +\_\_\_\_\_\_\_\_\_ + +Get ready for craziness and cheap crypto. + +I am buying up all privacy coins Monero, Dash etc as an investment + +Learn how to use a VPN, Linux is your friend ( Microsoft snitches), and encryption doesn't hurt. + +\_\_\_\_\_ + +Edit: + +TO all those upset about politics, when politics comes after my crypto.... I get upset + +&#x200B; + +To those attacking my character: + +I am not a right wing conspiracy theorist. I do not want to be doomed to repeat history. + +You using an Ad Hominem attack, this is a misdirection and doesn't talk about the subject matter + +Ad Hominem + +(Attacking the person): This fallacy occurs when, instead of addressing someone's argument or position, you irrelevantly attack the person or some aspect of the person who is making the argument. The fallacious attack can also be direct to membership in a group or institution. + +&#x200B; + +To those saying the Biden Camp may support crypto. Just like he kept his promise to forgive student loans until the issue of SLABS as an investment vehicle came up, he sided with Wall Street and the banks. + +[https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp#:\~:text=1%20Student%20loan%20asset%2Dbacked,much%20like%20an%20ordinary%20bond](https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp#:~:text=1%20Student%20loan%20asset%2Dbacked,much%20like%20an%20ordinary%20bond). + +Perhaps he wont side with investors and banks again. + +&#x200B; + +I say you may be right. Its almost possible they would spend 3 months preparing an emergency executive order to regulate a multi trillion dollar industry they adamantly support. + +&#x200B; + +The federal reserve and IMF will just sit back and lose control of the money system and allow the world populace decentralize payment protocols and do nothing. They may just relinquish complete control with out a fight and forgo tariffs and sanctions as a punitive system in Geo politics. + +Read here + +[https://blogs.imf.org/2021/10/01/crypto-boom-poses-new-challenges-to-financial-stability/](https://blogs.imf.org/2021/10/01/crypto-boom-poses-new-challenges-to-financial-stability/) + +[https://blogs.imf.org/2021/12/09/global-crypto-regulation-should-be-comprehensive-consistent-and-coordinated/](https://blogs.imf.org/2021/12/09/global-crypto-regulation-should-be-comprehensive-consistent-and-coordinated/) + +[https://home.treasury.gov/news/press-releases/sm924](https://home.treasury.gov/news/press-releases/sm924) + +It seems like they are going to do nothing and will just let control of the worlds system. + +&#x200B; + +This is Geo politics and its bigger than John Doe not paying taxes. Its about Russia and North Korea buying weapons, and sanctions not working. + +[https://finance.yahoo.com/news/cryptocurrency-helping-russia-avoid-us-180004372.html?guccounter=1&guce\_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce\_referrer\_sig=AQAAAAOG3o6Ehfh8aNODPcaCg\_9ezbZy9rTPL-ZOj59AP0qm9G\_nZuybk0OgPRjUb-oFl9YI4Cmk-C\_wDnrxP1pnoUgTQjLJysD0yOSydENcmxMctLzXBbPgDmVuOoJh7jmnwZvrGywgFWqEZwM\_jtkWgAsS54sgCKA46loV3bIpHar2](https://finance.yahoo.com/news/cryptocurrency-helping-russia-avoid-us-180004372.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAOG3o6Ehfh8aNODPcaCg_9ezbZy9rTPL-ZOj59AP0qm9G_nZuybk0OgPRjUb-oFl9YI4Cmk-C_wDnrxP1pnoUgTQjLJysD0yOSydENcmxMctLzXBbPgDmVuOoJh7jmnwZvrGywgFWqEZwM_jtkWgAsS54sgCKA46loV3bIpHar2) + +Its about the US Dollar not being a reserve currency and the Petro dollar breaking down. + +&#x200B; + +The US dollar used to be pegged to gold ( Nixon Changed that) and all other world currency was pegged to the US Dollar. This was established in the Brenton Woods Agreement and System of 1944 [https://www.investopedia.com/terms/b/brettonwoodsagreement.asp](https://www.investopedia.com/terms/b/brettonwoodsagreement.asp) + +EDIT Final update + +There is a little hopium here in the at [FTX.us](https://FTX.us) donated $5m to Biden's election campaign + +[https://www.opensecrets.org/2020-presidential-race/joe-biden/contributors?id=N00001669](https://www.opensecrets.org/2020-presidential-race/joe-biden/contributors?id=N00001669) + +but more than $74m came from Wallstreet tycoons. These guys wouldnt want blockchain tracking stock assets, naked shorting is dead that way + +&#x200B; + +Edit: \*\*\*I am getting flammed for attacking Biden, and a lot of people are saying "lets wait and see what happens with the executive order. + +Cool Story, but FUD or not this is a valid conversation time and topic. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +A person that I don't like (due to the fact that she only talks to me if she wants money or if it will benefit her in some way) asks me what stock she should invest in. + +The reason she is asking me this question is because my dad told her about some recent trades I made money on so she thinks all of a sudden I'm a stock market guru. + +I tell her the name of a random stock I look up and tell her to invest in it and she could "possibly make a lot of money one day". I did this because I don't care about her and I'm not going to help her. + +I write down the ticker just to see if it actually went down and it actually went down a lot. I was actually happy because I really don't like this person. Next thing I know she is threatening to sue me because she lost almost 10k and that I was lying to her and one of my friends told me about how I just looked up some random stock. Does she have any grounds to sue or is she bluffing? + +Credit (but couldn't cross-post due to reasons): [https://www.reddit.com/r/StockMarket/comments/emea1v/person\_is\_suing\_me\_because\_she\_lost\_money/](https://www.reddit.com/r/StockMarket/comments/emea1v/person_is_suing_me_because_she_lost_money/) +Hello everyone, so a quick bit of info about myself. I am currently 21 years old, male, and have one year of college finished. I live with my parents rent free and only pay for my phone and car insurance. I have been paying my way thru college (albeit a bit slowly because of a bit of goofing off at first, and since up until recently I was only making 7.25 an hour) I now work 24 hours a week (all im gonna get) and managed to snag a job at 18 an hour. + So if im being 100% honest im in school because thats what I was told would make me successful. I loathe school and really dont have any specific passion. I look around and see my friends graduate with 25,000 dollars or more in debt and those same friends either cant find jobs or make less than I make currently. My current job has no room for promotion so its just a decent hourly wage for now. + What the hell should I do?! A trade maybe? Are they a smart move anywhere I can find info or any you recommend? Im realistic about life and try not to expect much so my 5 year plan with hard work hopefully involves me making 50k a year eventually. +We just had the history-making 13 green candles in a row for ETH until it broke at day 14. Many thought ETH would "sell the news" on the London hard fork upgrade which included EIP-1559. However, ETH had other plans and has been rallying before and after the hard fork. With the ETH burning in full swing it seems to be accelerating the rally! + +Yesterday, ETH completed 16 green candles in 17 days and now is going for 17 in 18 days today. This has also never happened before in it's 6 year history. I actually can't think of any $200B+ asset that has had such a relentless continuous rally before. I recommend opening up the ETH daily chart and looking at this sea of unstoppable green, it's a thing of beauty. During this incredible run ETH has gone from $1,706 and now is at $2,963 representing a +74% rally. Now let's take $3,000 and keep going!!! +I’ve seen a lot of posts recently asking which coins to invest in and whether this is a good or bad time to buy. There’s also a ton of pseudo-technical posts explaining how every little dip means the next big bear winter is coming and how each tiny pump means the parabolic moonshot is finally here. + +The reality is nobody knows what will happen next, and your guess is probably about as good as most other people’s. The other reality is that most of us missed getting in early enough to become a millionaire on small investments. That doesn’t mean that you can’t still make money and be involved with interesting projects with room to grow. + +If you believe that crypto has a place in the future, then buy projects that make sense to you, turn off your phone, and go outside or do something fun. If you really think ETH will hit $10k eventually, then buying it at any price under that is a great investment in the long term. + +The one thing most folks who have profited off crypto have in common is that they were patient when others weren’t and they bought things that, through some combination of luck and foresight, were built to last. + +You didn’t plant trees when crypto was first on the scene, but if you think the future is a forest, you can still plant now. +[https://www.coindesk.com/georgia-governor-appoints-bakkt-ceo-loeffler-as-new-us-senator](https://www.coindesk.com/georgia-governor-appoints-bakkt-ceo-loeffler-as-new-us-senator) + +This is not financial advice, do your own research. + + +I have been criticizing myself for not writing this sooner and better, and time is running out for me to do it, so here goes. I don't want to be accused of not trying, to hear "why didn't you tell me". + + +Below is my reasoning why in my opinion you should buy Gamestop stock, ticker GME, broken up into the following sections: + +TL;DR +My Story +Short Squeeze Thesis +Natural Growth Thesis + + +If you have more questions, a good starting point is the top 2 stickied posts in R/Superstonk + +https://www.reddit.com/r/Superstonk/ + + +As for how to buy, it is pretty easy to open a Fidelity account, connect it to your checking account, and transfer the funds over. You should get on that. + + + +Too Long; Didn't Read (TL;DR): + +First, if this is all new to you, there is a year and a half of information you've missed that I do not have the time to write up and you do not have the time to read because it would take you days. This is my attempt to throw a rope of financial freedom to as many people as possible. I'm telling you that spending $130ish now could make you wealthy enough to completely change the rest of your life and your children's lives. If you don't take the rope, it's on you, I tried. + +Second, if you think you missed the boat, if you think "what good is 1 or even 10 shares going to do me", just know that if the short thesis is true, if Gamestop is still shorted over 140% and possibly over 1000%, then 1 share could be worth millions if you hold onto it. + +Third, forget what Gamestop was, the little game store in dying malls. Look at what it is now, a tech company led by Chairman of the Board Ryan Cohen and a team of executives who left phenomenal careers with companies like Amazon and Wal-Mart to work there. As just one example of its pivot, Gamestop will be releasing an NFT marketplace soon with the intent of revolutionizing the digital marketplace. Think of Gamestop like Microsoft, Apple, Amazon or Google during their startup phase but instead of starting with nothing they are starting out with thousands of stores and infrastructure and brand recognition and loyal customers. Everyone always says they wish they had bought lots of shares of Microsoft, Apple, or Amazon back when you first could and held them through stock splits. This is your chance to say "I bought" instead of "I wish I'd bought. + + +Gamestop is still insanely shorted (estimates over 1000%), and Gamestop is issuing a 4-1 share dividend as stock split on 7/21/22 which means if you buy a GME share by 7/21 (to be safe try to get one by 7/18) you will have 4 shares after the split, and because this is a dividend as a split and not a simple stock split, this may cause the short squeeze and this may be your last chance to buy before the price becomes unaffordable. So in my opinion you should buy at least 1 share this week. And if $130/share is too expensive for you, then after the split you should buy at least 1 share at the post-split price whatever it is, if you still can. And in my opinion you should buy as much as you can afford. I have over 1200 shares which are about to become over 4800. + +Just know that if you buy, you need to hold tight and be prepared to see the price drop. I originally bought in at $100/share, and saw the price rise to $483, then down to $38, and then up and down everywhere in-between since. The price will be whatever short sellers want it to be until they cannot short it any longer so buckle up. + + +And if this split does not launch the short squeeze, just know that investors have already Direct Registered over 15 million shares of Gamestop with Gamestop's transfer agent Computershare, and eventually investors will Direct Register every single GME share with Computershare and prove the naked shorting of Gamestop. If 61 million more people just bought 1 share and DRS'ed it with Computershare right away such that all 76 million shares were direct registered, the truth would be evident much sooner. The Short Squeeze is inevitable. + +And finally, if you believe that there is no naked shorting, that the current price is not manipulated or suppressed, then know this. I am going to keep supporting Gamestop, and I believe 100s of thousands of other investors acting on their own will keep supporting Gamestop, providing an unbreakable financial foundation from which Gamestop can do anything. They can become a parent company of any number of companies aimed at being the best in their field. They can take on Amazon. They can create a web service to challenge Amazon Web Services, a search engine to challenge Google, a music service to challenge Spotify and the entire bloody music industry. They could take on bloody Wal-Mart if they wanted. If they create the best ways to feed me, clothe me, equip and furnish me, entertain me and more, I will buy all of it while continuing to buy the stock. If you believe that the current price is natural, then I will support them until the stock price is naturally worth more than Amazon and Google at their highest price points combined and beyond. If you think that 100s of thousands of investors got suckered by a pump & dump of a dying company, these "suckers" saved Gamestop and ensured its survival when Gamestop raised $1 billion in cash by selling just 5 million shares last year. And we can do it again, and again, and again. + + + +----------------------------------------------------------------------------------------------------- + +My Story: why you should consider my words + +I graduated with a Bachelor's into the Great Recession of 2008. I could not find work that matched my education, so I took a quick summer class to become an EMT. I got my EMT certification but ended up working in a hospital for the next 3 years until my first introduction to dealing with psychopaths in positions of power caused me to leave. I then got a health insurance Claims Examiner job that was supposed to be Temp-to-Perm after 6 months of acceptable work, and since I was the best performer of my class it was a given I would make the switch to permanent. But that would be too easy. Surprise, the company decided to outsource the Claims Examiner role to the Philippines and chose not to hire any of us that they had just spent months training. I ended up getting a frontline role in an I.T. company that you've never heard of but which handles work for many companies that you definitely have. I excelled in that job, but after they kept making promises to discusses raises and never followed through, I left to work at a Fortune 500 bank, a very decent one (not Wells Fargo), where I still am today in my mid-30s. I'm regularly a top performer, always rated very well on my year-end reviews, and I just got a 20% raise at the beginning of 2022. + +During that journey, I financed a car and paid it off in 2 years instead of 6, despite making barely better than minimum wage. I lived frugally and saved my money, and when I got the I.T. job, I bought a sub-$50k house and paid it off in 2 years to the month from when I bought it. Note that all of my 20s I made less than $30k, age 30 was the first year I ever made over $30k. + +I kept working and saving, COVID hits and now I'm working from home. It is now January 2021 and I have about $35k saved up in my checking account. I have a 401k but never personally bought stocks. I see posts about how Gamestop is 140% shorted and the price is rising (I later learned the short interest was as high as 226%). With some brief research I immediately understood the implication of 140% short interest; every single GME share plus 40% on top of that (how could that be possible, how can you borrow more shares than exist?) had been shorted and to close their short positions the short sellers had to buy back shares at any price sellers named and since sellers could see their predicament the sellers could name any price. I am risk-averse, I do not gamble. This was not gambling, this was playing a poker game knowing I had the unbeatable hand. I created a brokerage account and I went all in with $33k at around $100ish/share, so about 333 shares. In just a few days I had already quadrupled my money and the price was still rising. I had just made 3 years of income in a few days and the price should have kept going higher. I was right, and all of my backbreaking, soulcrushing work and dead-end jobs and disappointments for over a decade had finally been justified with an epic win. + +And then Robinhood and other brokers shut off the Buy button but not the Sell button. Let me emphasize that, they did not freeze trading to give themselves a breather to fix their algorithms and fulfill their obligations, they prevented people from buying but not from selling. And to this day they still have not been punished. + +And so the price crashed down. I'm sure a few people sold but I'm also sure it was mostly short sellers hammering the price back down. + +I did not sell. I saw the price drop to $38/share, my $33k investment reduced to less than half. I did not sell. + +I watched the congressional hearings, and saw Keith Gill say he would still buy at $40/share. Then I saw the next day that he bought another 50k shares at $42/share. I bought as much as I could at $45/share. + +The price rose back over $100/share. Then over $150/share. Then over $250 and back down to $180 then down to $150. Then over $300 and back down. Then almost $250 again in Nov 2021 then back down. + +I've bought more shares at $150, $180, $210, and many other price points. + +I saw many posts thinking $150/share was the floor price going forward. Then I saw the price drop as low as $78/share on 3/14/22. And then back up to $146.50 on 6/7/22. I did not sell. + + +I've spent almost every day since January 2021 learning about what happened with Gamestop and why. + +I've learned about: + +Naked Shorting +Cellar Boxing +Shorting ETFs +Failure-to-Delivers (FTDs) +Payment-For-Order-Flow (PFOF) +Dark Pools +Total Return Swaps +Boston Consulting Group (BCG) + + + +Since the Buy Button was shut off, I've had multiple chances to get out with a profit. I could have sold when the price went to $265 on 3/10/21, or to $302.56 on 6/9/21, or to $247.55 on 11/22/21. I have not sold a single share. + + +I have almost quadrupled my position to over 1200 shares. Which is about to become 4800 shares. + + +I've tried to do the right thing my whole life even when everything else went wrong and everyone else did wrong. I strive to have the right understanding of everything and then teach what's right to others. I worked hard, I paid my debts, I lived frugally, and taken care of my family and friends. + +I was right when I first bought GME and I am still right now. + + +I am not a financial advisor and this is not financial advice. This is freedom advice. Buy as many Gamestop (GME) shares as you can afford. + + + +----------------------------------------------------------------------------------------------------- + + +The Short Squeeze Thesis + +When I first learned of Gamestop, the reported short interest was 140%. But later documents from the lawsuit against Robinhood showed the short interest at 226%. + +People much smart than I have said that mathematically the short sellers could not have closed their short positions. If the short sellers closed their positions, why is it that whenever the price of Gamestop rose to $300 or $250 it got shorted back down below $200 fast? I have seen day after day where the buy-to-sell ratio reported on Fidelity or some other broker was 8-1 or more. If so many people want to buy Gamestop and if the short sellers had truly closed their short positions, why isn't the price rising above $483 and beyond? The sentiment behind Gamestop at least rivals if not far exceeds Tesla, so why shouldn't the price be above $1000 by now? + +If so many people want to buy, who is selling? The answer is that almost all of the selling pressure is coming from short sellers selling shares short trying to keep the price where is does the least damage to them. If the price gets too high they could get margin called. If the price drops too low then investors can buy even more shares making their position worse and worse. + + +The Short Squeeze Thesis is that shorts never closed, that the price of Gamestop has been suppressed do to continueous shorting and naked shorting over the last year and a half, that the short interest could be over 1000% or far higher depending on how many short sales have been needed to suppress the price. And that when short sellers run out of money to pay the borrow fees or interest on their positions or when they get margin called, we will see a short squeeze far beyond any witnessed before and which we will never see again. + + + +----------------------------------------------------------------------------------------------------- + + +The Natural Growth Thesis + +This thesis assumes that the shorts closed their positions and the short interest isn't catastrophic, so there won't be a short squeeze. + +However, this thesis recognizes that Gamestop is no longer a dying brick & mortar company vulnerable to being shorted into bankruptcy. That Gamestop has an established website and more than 3000 stores and associated infrastructure and a brand new gigantic warehouse. That Gamestop has more than $1 Billion in cash on hand, has hired top talent from the likes of Amazon and Wal-Mart, is transforming into a tech company with a multitude of avenues to pursue disruption and profit within the industry, and has a passionate customer and investor base fully committed to ensuring Gamestop's success. + +Based upon this assessment, this thesis argues that Gamestop should not be valued as a retail company but as a tech company with the increased valuation potential. And that when the market recognizes this fact, that the share price should end up well over $1000 per share. The current price is wrong. + + + +----------------------------------------------------------------------------------------------------- + + +In summary, if you buy and the short squeeze thesis is right, you could be rich enough to never do anything you don't want to do for the rest of your life, and change the future of your children. If you buy and the natural growth thesis is right, you could still do very well depending on how much you buy, how high the price goes and how many splits happen and how long you hold. + +The only way you lose if everything is a lie and the company goes bankrupt, which isn't going to happen. + +I am tossing you a rope attached to a rocket ship and screaming at you to grab it. Don't let me tell you "I told you so". + + + +Also, here is a pretty good summary of some possibilities of what may occur right after the split: + +https://www.reddit.com/r/Superstonk/comments/vv7nsl/good_summary_of_what_we_can_expect/ + + + + +To all my fellow investors in Gamestop, if are better than I and have organized and saved the best DD links, please link them below in the comments. +If you want something Unique, Fun, and LEGIT project and you LIKE Memes, check out MEMES Token! + +🔺 + +&#x200B; + +You can find us here! Tg: [https://t.me/MemesTokenOfficial](https://t.me/MemesTokenOfficial) + +&#x200B; + +We have New and Awesome ANNOUNCEMENTS 🥳 such as : + +&#x200B; + +🌐Demo App is live on the website! + +✅Full Audit by TechRate + +🦎Listed on CoinGecko (CMC soon) + +&#x200B; + +What is Memes Token? + +&#x200B; + +MEMES TOKEN🔺 • Building world's first NFT Memes Marketplace 📌, Social Networks and Economy based on Memes! + +Getting rid of the middleman and giving the power back to the OP! + +&#x200B; + +Tokenomics + +💰 Supply : 100,000,000,000,000 MEMES + +🎁 Auto staking : 2% (for your freebies) + +🔓 Auto liquidity added : 2% (for price safety) + +&#x200B; + +Pancake link 💸: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x40b165fd5ddc75ad0bddc9add0adabff5431a975](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x40b165fd5ddc75ad0bddc9add0adabff5431a975) + +&#x200B; + +Website 🌐: [https://memestoken.com/](https://memestoken.com/) + +Discord 📺: [https://discord.gg/rQQWY3auAG](https://discord.gg/rQQWY3auAG) + +Reddit 🔍: [https://www.reddit.com/r/MemestokenOfficial/](https://www.reddit.com/r/MemestokenOfficial/) + +Twitter: [https://twitter.com/MemestokenO](https://twitter.com/MemestokenO) + +&#x200B; + +Please DYOR first before investing 🙌. + +Maybe you’ve heard of Dogebonk ($DOBO) Maybe you haven’t. + +This coin is a sleeping giant that has proven itself beyond doubt now to not be scam/get rich quick coin. + +Support has grown with more than 40,000 holders, despite currently sitting at just 10% of its ATH. When Altcoin season comes back around, this coin is well positioned to soar in the same way $Shib did last summer. Don’t miss out because when this coin hits one of the big CEX (work is well progressed on this) it will fly. + +Established in the middle of last year, it sets out to be the only memecoin with actual memes. It’s liquidity is locked 🔒Ownership has been renounced ✍️and the contract has been audited 📋. See www.dogebonk.com for details. + +Dogebonk has active development with the latest project being www.memetools.app 📱which allows new, small marketcap coins to gain attention before the likes of coinmarketcap or coingecko. + +In addition, the Dogebonk community keeps coming up with incredible marketing stunts including being the first crypto in space 🪐, advertising on Times Square 🏙 billboards and creating the SXSW x DOBO film festival 🎬. + +Available on PancakeSwap, ChangeNow, StealthX and Rubic. Full details on www.dogebonk.com + +Get bonked at r/dogebonk +Final damage screenshot seconds before account was liquidated: + +https://i.imgur.com/e0sEWEm.jpg + +Thanks to me UPRO and TMF now are 50% stress tests on TOS, no margin reduction credit, and from 36% and 24% stress tests respectively. Or maybe I'm on reg-t when I took the screenshot, IDK and IDC. Talking with risk management apparently I flew under the radar as they didn't see a margin balance due to the box spread until other account alerts went off as customer service will take a look in when anyone is negative 1 million or more PnL as a courtesy to chat with their clients. Needless to say customer service was horrified and I got another margin phone call to wire in $1,250,000 in the next five minutes or they'd liquidate. I guess they give Portfolio Margin customers a little bit more leeway... + +I took the five minutes to grab this one final screenshot. I'm hoping for some bailout money from coronavirus too. + +I talked with the bankruptcy lawyer that set me up with the asset protection plan and he already dropped me as a client. I never imagined beer-virus would do this to me. + +I'm gonna take some time to just not think about the virus or anything else. + +# TL;DR what strike/put/call/etc + +I discovered a bug in my broker's risk management software. I guess buy RCL calls per my previous DD. + +Edit: +Previous post entering the trade and proof of portfolio margin/etc: +https://www.reddit.com/r/wallstreetbets/comments/fepd4q/portfolio_margin_is_10x_worse_than_u1r0nymans_box/ +The expansion of the float to 1B shares, isn't just for a dividend. It's for a merger with BBBY. RC is planning to combine the companies through a stock-for-stock merger. + +What is a stock-for-stock merger? I took this from investopedia: + +*When the merger is stock for stock, the acquiring company proposes payment of a certain number of its equity shares to the target firm in exchange for all of the target company's shares. Provided the target company accepts the offer (which includes a specified conversion ratio), the acquiring company issues certificates to the target firm's shareholders, entitling them to trade in their current shares for rights to acquire a pro-rata number of the acquiring firm's shares. The acquiring firm issues new shares (adding to its total number of shares outstanding) to provide shares for all the target firm's converted shares.* + +*This action, of course, causes the dilution of the current shareholders' equity, since there are now more total shares outstanding for the same company. However, at the same time, the acquiring company obtains all of the target firm's assets and liabilities, thus effectively neutralizing the effects of the dilution. Should the merger prove beneficial and provide sufficient synergy, the current shareholders will gain in the long run from the additional appreciation provided by the target company's assets* + +Why a merger? To better compete with the largest retailer in the world, Amazon. There was DD here last year that implied that wallstreet was shorting companies into the ground so their assets can be bought up for cheap by Amazon. + +RC is beating them to the punch, by investing in these companies before they get crushed, he gets a say in how their companies operate, and where they allocate assets. + +BBBY operates in a completely different market than gamestop does. A merger would put GME in the running with Amazon. + +GMErica is the new company that will be formed post-merger, a direct competitor to Amazon. + +So own shares of BBBY if you like, but if you own GME you already do. + +EDIT: I was expecting this to get buried, just wanted an 'I told you so' if I'm right. + +Also, I'm now in the reddit "controversial club". + +I'm not gonna be reading the comments, because there are too many. + +BUY, HOLD, DRS GME +Will materials for homes drop due to higher rates? + +My thinking is if less people have money to spend then building costs should decrease also like everything else, so supply demand issues should make materials go down from my understanding. + +Can anyone confirm this? +The company I work for are saying that because the pay period is from June 31-July 13 that they don’t need to pay us the new rate until the next pay period. This sounds like pure schemery to me, but I’m not really sure. This is after they cut hours in retaliation to the pay rise before it even went into effect. + +Before anyone asks, yes I’m actively looking to jump ship. It’s a shame because I love my job, coworkers, and boss :(. +Well that EOD rally fucked me in the ass. How’s it going everyone, as always, I hope all of you make tendies this week. Bulls and bears alike, but now it’s time to collect the debts. + +# BAN + +1. u/24058025480548 gets banned for calling DOW +500 on Monday. +2. u/choose_a_use gets banned for predicting a Fed statement on March 12 +3. u/Mettatoogan gets banned for predicting that Monday will be ended green. +4. u/Rum114 gets banned because I didn’t see boob. (It’s complicated) + +# DEBTS + +5) u/TrenAndOptions will have a vasectomy as Friday ended green. + +6) u/arcangeltx needs to paint hidden mickeys throughout his house as Disney drops between 95 on Friday. + +7) u/ofmachines- needs to lick his butt as Monday opened green. + +8) u/drewthegoat3 needs to eat toothpaste out of his girlfriend’s ass as March 11 ended red. + +# PRIVATE DEBTS + +These are the ones between two individuals + +~~9) u/mrbillsonsdad gets to knock u/acos12 the fuck out~~ Settled + +# ON-GOING + +10) u/brk1sb betted his life on SPY reaching 240 by 3/31. + +11) u/duhpolan’s friend will eat his pubes if SPY reaches 220 by 3/20, I’ll assume he is responsible for upkeeping this promise since we can’t ban his friend. + +12) u/Dimeskis will donate 10% of the money he made from March 13 to 18 to the [WSB charity stream](https://www.reddit.com/r/wallstreetbets/comments/fhh5rs/the_wsb_charity_live_stream_for_autism_wednesday/). + +13) u/tallenuk will eat his own shit if AMD drops below 20 by 3/27. + +~~14) u/1poundbookingfee will pay u/RameeSumrein $100 if monday opens green, else we get to pick the punishment. (Not confirmed yet since u/RameeSumrein hasn’t show up to agree to the terms.)~~ Cancelled cuz u/RameeSumrein got banned instead + +# SHOUTOUTS + +15) u/focusedddd for being a bro and donated to charity + +I think that’s all for this week, if you see anyone making stupid promises feel free to ping/pm me about it. +Ill try to keep this short and as informative as possible. + +As the title says, I don't want to work forever. So, I am here looking for the next steps I need/should be taking to ensure I will be able to retire (earlier the better!) and know that I will be comfortable and able to enjoy life, as im sure we all want to. + +So, I am 32, currently a home owner, with (IMO) decent savings, 401k, and a somewhat newer Roth IRA. +My wife and I live a mostly frugal life style, while still doing things that we enjoy doing with the occasional "splurge" type vacation or purchase. + +Combined, we gross about $120k right now. +Not sure if it matters, but incase it does, 780+ credit score. +Currently at about 100k equity in our home, we recently refinanced for a better interest rate (3.125%) owe about 175k still. +Currently pay an extra $300 on top of our $1037 monthly payment. Once we finish paying off her car (mine is "free and clear"), we want to up that $300 to $600, which should have us set to be mortgage free in about 16 years. (I know there are "better" ways to invest our additional principal payment, but if I knew what/how to do that, I probably wouldn't be here lol) +We have about 14 car payments left. +Last year we had to spend about $20k in home repairs, but we are fortunate enough we could pay all that up-front. Looking like we will need a new roof this year, so probably another $10k there (hopefully no more, but I havent priced it yet). + +Savings account - $35k. (Would be higher, but home repairs...) +Employer 401k - $36k. I contribute 12% of gross, employer match (up to) 6%. (My contribution is set to increase 1% every year) +Roth IRA - started last year, will be able to max at annual $6k, got about $4500 last year. + +Our "emergency fund" (savings account) is where I think I need the most help. $35k is way more than we need for 6 months of bills paid with no income. What should we be doing with our "extra" cash? I've seen quite a few mentions of a brokerage account, but I am completely unfamiliar with what that is, or if its what we should do. + +Would it be a good idea to use a financial advisor/planner to help us invest, since neither of us know what we're doing? + +Planning for the now is a tedious enough task as it is, and then add into the mix trying to figure out what (else) to do to secure us financially for the future and my brain turns into scrambled eggs. (Too many options/variables for my simple mind lol) + +TLDR: Make enough money to invest or do something else with (rather than earning pennies in interest), but have no idea where to start or what to do with our "extra" cash flow. + +Thanks so much for taking time out of your day to help a fellow human out! + +If I missed any pertinent info, please let me know and I will add anything I need to. + +>Updates: +Boosted my 401k contributions to 25%, will get me to cap, or very close. + +Bumped up Roth contributions to ensure 6k cap. + +Paid off auto loan! Yay, no more interest! + +Reading posts, financial blogs (MMM, Mad FI-entist, etc) and listening to podcasts (easier than reading a book while working lol) A LOT. + +Have a game plan to reassess our finances in a few more months to further cut costs and add/bulk contributions to retirement plans or start a brokerage account. + +>A big thank you to everybody who has commented and all the great advice! THANK YOU ALL! +I'm not savvy when it comes to finances. My current company has a 401k program through Guideline. + +I accepted an offer at a different place that has an ESOP program but I won't qualify for that for the first year. + +How can I ensure my savings keep growing? What do I do with the 401k and how can I seamless blend those savings with the ESOP program (once I qualify for it)? +Im 40 yesrs old, just received $175,000 from an insurance settlement. Is it wise to put it all in Vanguard Life Strategy Growth or should I split it up into different funds? +I've been getting lots of messages asking for an update, so here it is: [as of this morning I'm down about $550k on my SPX puts](https://imgur.com/a/nt6BugA). So am I worried? Not really. I'll share with you some of my DD and maybe you'll understand why. + +------- + +The latest headlines have been all about how COVID-19 is peaking in NYC and will soon be peaking in the US as a whole. [This is the model](https://covid19.healthdata.org/united-states-of-america) cited by the White House and is also the one most often mentioned by the media. It's been continuously revised down over the past weeks, from over 100k deaths, to 90k last week, to 80k Monday and now 60k today. + +I won't go into its flaws (the most obvious one being the assumption that there will be no deaths post-June). Instead, I'll elaborate on one of its main assumptions: "COVID-19 projections **assuming full social distancing through May 2020**". Is America applying full social distancing right now? + +#Exhibit #1: Google's Mobility Report + +Google recently released [a fascinating report](https://www.google.com/covid19/mobility/) on the mobility behavior of various countries (based on anonymized tracking data as of March 29th). These reports compare how much time people are spending in different types of locations (retail stores, grocery stores, parks, transit stations, workplaces and their homes) compared to usual. + +Here are the reports for [Italy](https://www.gstatic.com/covid19/mobility/2020-03-29_IT_Mobility_Report_en.pdf) and [Spain](https://www.gstatic.com/covid19/mobility/2020-03-29_ES_Mobility_Report_en.pdf). They look pretty similar, about a 85-90% decrease in traffic to retail, groceries, parks and transit stations. + +Meanwhile, this is what [New York](https://www.gstatic.com/covid19/mobility/2020-03-29_US_New_York_Mobility_Report_en.pdf) looks like: -60% retail and transit, -30% groceries, -50% parks. And keep in mind, this is the hardest-hit state in America; states like [Florida](https://www.gstatic.com/covid19/mobility/2020-03-29_US_Florida_Mobility_Report_en.pdf) have even worse numbers. + +My point here is that as of a week ago, [America as a whole](https://www.gstatic.com/covid19/mobility/2020-03-29_US_Mobility_Report_en.pdf) was not even close to enacting social distancing measures on the levels of Spain or Italy. And even if such measures were implemented **now**, it would take at least 2 weeks for their effect to be felt on the charts (look at how long Spain and Italy have been at -90% on their traffic before their numbers leveled off). + +#Exhibit #2: Flight Radar + +Not only is the US not doing social distancing right, it also hasn't done much to restrict interstate travel. Here's a very telling stat: [2/3rds of global flights on March 28th were above North America](https://twitter.com/flightradar24/status/1244003511098134529). Think that has changed since then? Think again: here's [Europe + Asia + North Africa now](https://i.imgur.com/7etzRT5.png) (1200 flights total, top-left corner), here's just [the eastern states](https://i.imgur.com/hcDYc2T.png) (1500 flights, which is the maximum Flightradar can show on one screen). + +What does this mean? It means that even the states which are implementing lockdowns and bending the curve now will have fresh new outbreaks as soon as they lift their measures. Air travel is the easiest way for the virus to spread via asymptomatic carriers and the only way to prevent this is a domestic travel ban. That doesn't look like it's gonna happen anytime soon. + +**Edit:** all the geniuses saying "BuT aLL ThE FLigHtS ArE EmPtY" are completely missing my point. It takes a single superspreader crossing state lines to start a new outbreak. In my country, you need to provide paperwork if you want to leave the city and the police will check up on you to ensure you're quarantining. That's the kind of action needed to prevent new outbreaks. + +#Conclusion + +To me it seems very clear that a large majority of America's population will be contracting this virus over the next month and a half. Italy and Spain made enormous social sacrifices to stop the outbreak and their success is just now becoming apparent. As of right now America is not doing nearly enough to follow in their steps, so exponential growth should continue unabated. + +How does this relate to my SPX puts? How the market responds to this is a topic for another time, but let me just say this: my puts might be down now, but that doesn't mean America is any less fucked. + +#Further Reading + +[Great overview of the coronavirus situation in America](https://medium.com/@tomaspueyo/coronavirus-out-of-many-one-36b886af37e9) + +[A model that's not nearly as optimistic as whatever the White House is peddling right now](https://www.covidactnow.org/) +Posting for a fellow ape (u/CRYPTO-HUNCHO) that does not have enough karma and I don’t have enough wrinkles… + + +“Smooth brain here. Does this mean when GME splits, they will owe the $2.50 fee per share for each failure to deliver just like they do now pre split? + +Link below for DTCC rules and regulations. Page 373 states “Fee for OW delivery notification request advisories aged 2 days or older” + +https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf + +Also here is the picture of page 373 + +https://imgur.com/a/0RAjocD +“ +What’s up Retards, here's another special dividend play for a special boy! + +Don’t you HATE how your wife’s boyfriend locks you in the closet during sexy time? Don’t you wish that you could FIRE him and have your wife ALL to yourself? + +Well… After $LAUR you will be SO RICH that you can fire him and become your own wife’s boyfriend! Doesn’t that sound AMAZING?? + +Now that I got your attention, let me explain the play… + + +**The Play:** + +$LAUR just announced a 7$ special dividend, which at its current share price is a 43% return! This is INSANE! + +Now this play isn’t some boomer dividend play, but instead a play on pre-dividend volatility. A shit ton of boomers from r/investing will see that 43% dividend and instantly nut on the buy button. This increases the stock price and volatility + +$LAUR options are cheap af cause it's some boring ass education company or something. News hasn't broken yet about this INSANE dividend and the options market is not pricing in ANY volatility + +Literally just buy some 10/15 options and watch the money FLOW IN as the stock has a pre-dividend runup. Just make sure to sell BEFORE the ex-dividend date (oct. 6th), or your options are fucked + + +**My Positions:** + +8 $15 10/15 C, 40 $17.5 10/15 C, 40 $25 10/15 C + + +**TLDR:** + +https://preview.redd.it/m40tadqbs1q71.png?width=1290&format=png&auto=webp&s=883f6225bafdaace4a147cc362c44fd335c9a249 +Maybe this is impossible as the market is irrational, but I thought someone here might be able to explain the deal for me: + +I live in London and our household income is £127,000 at age 31 (me), 28 (wife), no kids, no debt (other than mortgage). No bragging, just for context, so you know where I'm coming from - we can overpay the house/or save about £3,000 per month. + +Now, looking at any decent 2-3 bedroom house in zones 1-3, you're looking at £750k - £1m. I think our household income is above average and I don't expect the average person to make more earlier in their lives. Yet, if we were to save the £3k until we can afford a house worth 1m, assuming no pay rises and therefore about £570k borrowing power, we'd have to save another 12 years to buy the property (lowballing it, not even including stamp duty etc.). At which point I'm 43 and still have 30 years until the house is paid off. And that's without buying a car, having kids, vacations or anything else. + +My question therefore - is that how things work? Will I pay the house off in my mid 70s? Who on earth is buying all of those properties on the market all the time? Sure, bankers, rich oligarchs and the like are a big part of areas like Kensington, but they can't account for so many properties. Is it property owners who got rich in the last few decades when house prices rose? If not, who else? + +Curious on your thoughts, cheers! + +&#x200B; + +EDIT: Thanks for all the comments - good stuff! +I may have a new job opportunity in the exact field I am looking for with a dream company - drawback is I live in Birmingham and the job is based in London. + +&#x200B; + +They have said they would be happy for me to be in the office 3 days a week and WFH the other 2 which is positive but has anyone any experiences on commuting from Birmingham to London three days a week? + +&#x200B; + +I am young(ish) with no dependants but I am heavily involved in a sport outside of work so train 5/6 times a week so commuting time may impact on this. + +&#x200B; + +I am also not sure how to calculate additional costs when discussing salary expectations - any advice? I am currently on 40k in Birmingham but would need a considerable raise I expect in order to take account of additional commuting costs and still be better off. + +&#x200B; + +Opinons? +[DTCC Twitter](https://twitter.com/The_DTCC) + +Thanks to /u/gloryholesniper for the idea today. + +[Today I ask:](https://twitter.com/Jabarumba/status/1516410740378325000) .@The_DTCC When @ryancohen issues a dividend as stock for $GME #GME, how long until DTCC members are required to supply legitimate shares to purchasers of naked shorts? Will retail/institutions receive synthetic shares as a dividend, even though that is illegal? Will the DTCC force its member to close naked short positions first? + + #DRSGME + +(actual tweet edited for size) +Hello everyone, new to the sub, my friend suggested I post this here. + +At the beginning of the pandemic my hours were severely reduced, so I got on under-employment. They sent me a small check every week. About a year ago, they said I owe them upwards of ten grand. I've filed multiple appeals to this claim. I sent them all my W-2s and paystubs to prove I was working. + + The first appeal was denied. I filed a second. I didn't hear back for months, so I called them. I asked if they needed anymore documents, or any more information. The woman on the phone told me they had all the documents and information they needed to push my appeal through. She told me not to worry and that she would have this solved. + +Fast forward a few months later, I get a letter in the mail on 7/28/2022 that says I will have to pay the ten grand unless I appeal by August first. Which is only 3 days after getting the mail. And they are also closed on weekends so I effectively have ONE day to solve this. Today. + +In the mail they sent me they specifically said I didn't provide enough documentation to prove I was working. But when I spoke on the phone to them, they said they have all the documents they need, and I don't need to send any more. I even asked if she was sure I didn't need to send anything else. She again told me she had everything they need, and not to worry. + +I should also mention 3 of my co-workers that work the same hours filed for under-employment as well. They were all told they had to pay at first as well, but all their appeals went through so they don't have to pay. + +I will be filing my third appeal to this, and calling them again when I get home from this interview. Does anyone have any advice or how I can get this appeal through? I've sent them all my w-2s and paystubs, and I've fought to appeal this multiple times. I just don't know what I'm doing wrong. + +I've been dealing with the madness of Michigan UIA for two years now and I feel like my head is going to explode. I would've NEVER accepted this under-employment money if I knew I'd be paying it all back with interest.. + +I really can't lose this ten grand. It's **everything** I have. + +Any help would be appreciated more than words can express. If I lose this ten grand I'm royally screwed. + + +TLDR: Received Underemployment at start of pandemic. Now they want it all back plus interest. They say they lack documents showing my proof of work, even though I've sent them all the documents they need. My co-workers appeals all went through easily, but mine gets denied repeatedly even though we work the same hours at the same job. What am I doing wrong here? +The bull market will continue. Some data presented below. + +VIRUS FUNDAMENTALS: + +* Percent of tested positive cases continue a downward trend in the US (especially in both Georgia and Texas that opened up weeks ago - where media spreads fear that overall cases have risen but this is due to increased testing. PERCENT POSITIVE is falling [https://pbs.twimg.com/media/EYL3LGZX0AEj7Cq?format=png&name=small](https://pbs.twimg.com/media/EYL3LGZX0AEj7Cq?format=png&name=small)). +* MOST CASES are asymptomatic and not detected which is good news for the trend towards herd immunity. [https://www.nature.com/articles/d41586-020-01095-0](https://www.nature.com/articles/d41586-020-01095-0) +* FORTY PERCENT of deaths have been in ALF and nusring home facilities. **NURSING HOME PATIENTS MAKE UP ONLY 0.4% OF THE ENTIRE US POPULATION!** 94% of deaths occur in age 50 or above. The working force labor pool remains very well intact. +* Denmark and Norway cases have not spiked despite reopening schools 3+ weeks ago (despite COVID's incubation period being <14 days). Sweden has done very well staying open (curve has stayed flat/hospital capacity never overwhelmed). +* Hope for vaccines continue to increase. Of more than 100 vaccines in development globally, at least eight have started testing in humans (lightning fast vs other vaccines in prior epidemics). [https://www.wsj.com/articles/coronavirus-vaccine-frontrunners-emerge-rollouts-weighed-11589707803?mod=hp\_lead\_pos1](https://www.wsj.com/articles/coronavirus-vaccine-frontrunners-emerge-rollouts-weighed-11589707803?mod=hp_lead_pos1) + +CONSUMER DATA + +* Thanks to income equality, the bottom 40% of households comprise 11% of total income in the country. The top 20% hold 52% of total income. Of people working in February, nearly 40% of those with a household income below $40,000 reported a job loss in March. +* The April jobs report that showed nearly 90% of Americans who had lost a job said they were on temporary layoff. +* Social distance spending (bars, restaurants, transportation/airfare, cruises, sports, gyms, movies) only comprise $717 billion of the $17 trillion consumer wallet. >90% of spending can remain intact, if no one ever does any of the social distancing activities ever again. +* Thanks to federal $600/week increase to state unemployment benefits, income for majority of unemployed people is actually higher than when before losing their job. +* Fiscal policy works, UMich edition: “Confidence inched upward in early May as the CARES relief checks improved consumers’ finances and widespread price discounting boosted their buying attitudes.” US Univ. Of Michigan Sentiment with surprise rebound in May, P: 73.7 (est 68.0; prev 71.8) +* **Home-Buying Demand Passes Pre-Coronavirus Levels** [https://www.redfin.com/blog/wp-content/uploads/2020/05/Redfin-Homebuying-Demand-Graph-May-10.jpg](https://www.redfin.com/blog/wp-content/uploads/2020/05/Redfin-Homebuying-Demand-Graph-May-10.jpg) + +DON'T FIGHT THE FED + +* "…there's a lot more we can do. We've done what we can as we go. But I will say that we're not out of ammunition by a long shot. No, **there's really no limit** to what we can do with these lending programs that we have. So there's a lot more we can do to support the economy, and **we're committed to doing everything we can as long as we need to.**" - JPow earlier today. [https://www.forexlive.com/centralbank/!/feds-powell-federal-reserve-is-not-out-of-ammunition-can-do-more-if-needed-20200517](https://www.forexlive.com/centralbank/!/feds-powell-federal-reserve-is-not-out-of-ammunition-can-do-more-if-needed-20200517) + +STOCK INDICATORS + +* AAII sentiment is a great retail sentiment contrarian indicator, which is also clear with r/investing being majority bear. [https://www.aaii.com/sentimentsurvey?](https://www.aaii.com/sentimentsurvey?) +Remember in 2018's correction, sentiment change was very similar to this year's crash; and 12 months later the market had soared (i.e., was great time to be buying stock while majority were scared) [http://blog.aaii.com/aaii-sentiment-survey-pessimism-surges-to-a-5%C2%BD-year-high/](http://blog.aaii.com/aaii-sentiment-survey-pessimism-surges-to-a-5%C2%BD-year-high/) +* A good short squeeze set up is happening. +"The assets sitting in money market mutual funds now totals $4.8 trillion, which equates to around 16% of market cap. On a percentage basis it’s not as big as 2008, but it’s still a meaningful amount of dry powder earning little & suffering from increasing FOMO." [https://pbs.twimg.com/media/EYQiz4TWAAEbPOu?format=jpg&name=small](https://pbs.twimg.com/media/EYQiz4TWAAEbPOu?format=jpg&name=small) +* On April 30, Boeing completed the largest bond deal ever not associated with a transaction – they wanted 10 billion, but because there was SO MUCH demand they ended up with a 25 billion issuance, with some bonds that won’t even be redeemed for 40 years at 6%. This is all despite the facts of complete collapse of airplane demand and its 737 max scandals, and even despite literally the day prior, Boeing reported a second consecutive quarterly loss and had its credit rating downgraded to a notch above junk status. Bond investors are looking ahead through this crisis. +* Overall in March 2020, U.S. investment-grade issuance topped $259 billion for a new monthly record and an additional $162.7 billion in April 2020, bested only by March! This means many of these companies have raised enough to insulate themselves through the downturn for up to 12 months. +* In every recession related crash, markets have ALWAYS bottomed BEFORE initial jobless claims PEAKS. They have ALWAYS bottomed BEFORE consumer sentiment bottoms out. **This has very likely already occurred when we saw initial claims peak out at 6.8 million in March, after the Mar 23 stock bottom.** [https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-jobless-claims.png?s=ijcusa&v=202005151525V20191105](https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-jobless-claims.png?s=ijcusa&v=202005151525V20191105) +[**https://pbs.twimg.com/media/EUycDxXWAAALS64?format=jpg&name=medium**](https://pbs.twimg.com/media/EUycDxXWAAALS64?format=jpg&name=medium) + +TECHNICALS + +* Mostly copied from my prior April 10 post: When you look at the 1987, 2002, and 2008-2009 crashes, **whenever the stock market had recovered 50% of the losses,** it was already well on its way to completing the next high of the new bull market. **We have closed** **above 2792.69 on SPX**, and has held solidly. This is clear confirmation that the bottom has already passed. [https://imgur.com/a/LsHZCpb](https://imgur.com/a/LsHZCpb) +* And if you also look at the prior crashes, recovery to 50% takes about half the time it took to crash. We fell for six weeks, and now 3 weeks from the march 23 bottom we are already closing in on 50%. It also takes three times the duration of crashing to reach ATH if you look at the prior events- meaning we could be SPX 3300 before September or October. +* That being said, stocks will remain volatile. No one can predict short term market movements. That’s why I’m staying long, continuing to buy stocks and hedging with trading of short term puts. Based on analysis from Robert Sluymer (at 48 minute mark: [https://www.youtube.com/watch?v=EBdaJ7OX\_3U&t=48m](https://www.youtube.com/watch?v=EBdaJ7OX_3U&t=48m) ) which I am going off of: **anticipate no greater than 10% correction from the \~2950 SPX recent high, so if stocks drop to the 2600s level, I will go all fucking in at buying that dip.** + +TAKE AWAY: + +* Remember. Stock markets always always always always bottoms out **BEFORE the bad data bottoms out.** Do not look at data today and try to ‘price’ the market at where we are TODAY. Try to price today’s market at what you think it will be in the future. Markets. Are. Forward. Looking. +* Uncertainty does NOT always mean ‘stocks have to keep going down’. It only means ‘expect volatility’. +Stop supporting these Twats that switched to ride a train they obviously are either just hopping to what will get them the most attention or are being paid by shills to pump AMC. I am not against AMC or anything just something I noticed. There is only one GME and we didn't come all this way to have a bunch of trend hopping/shill-paid Youtubers to try to derail our Train. + +Shout out to Ape Andy, Tradespotting, Rocky Outcrop and Gherkinit for sticking to their principles. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +Banner Contest is live! Check the main page for the sticky post and vote now! + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +(I actually know nothing about economics, so pardon me if I don't make any sense) + +Most schools in Europe are either very cheap or completley free (for the inhabitants). Let's take a medical student in Sweden for example. Here, getting a medical degree in completley free, but it's also very expensive. But when they become fully fledged doctors, their high wages iwill pay back the goverment in a surplus with taxes. + +But what if that newly educated doctor instead to just ditch the country, and move to USA where their wages are about 2-3x higher, since the taxes there are much lower. How is sweden going to finanically recover from this? Are there some sort hidden penalties when you do this? + +For a very long time I've been thinking about this, but never got an answer to it. Thanks for any replies! +I have heard many say that the cost of sustaining debt in many economically secure nations is currently very low or has even been negative. I was wondering what this means in real terms? + +I have seen people say that debts larger than GDP is unsustainable and irresponsible however I have heard others say that this is not what matters as what matters is the ability of an economy to grow more than the debt it takes on. Which is true? + +Also I was wondering if most nations had more fiscal headroom for spending under current circumstances? + +Thanks +How is Universal Basic Income supposed to work? + +Wouldn't giving everyone enough money to cover rent( ect) just drive up the price of rent( etc)? + +But there seem to be some serious smart people supporting the idea. + +Have they addressed why they think this *wouldn't* happen? + +Or do they have some idea of a mechanism we would need to implement to stop it from happening? + +**** + +Because, to me, it seems like... + +Well, what's the goal? + +To guarantee everyone a Minimum Standard of Living, right? + +Let's call that MSL. + +What *is* MSL? + +Well, it's a package of goods and services, +but it's a special one: +even if all available MSL-packages on the market are overpriced, +nobody really has the freedom to decide *not* to buy it +(not counting, like, deliberately becoming a hobo, or just plain suicide...) + +So, there are two possible outcomes... +or more like, two ends of a *range*: + +1 - +Those who provide MSL-packages will compete, +lowering the total cost to consumers to as low as it can go +and still leave the the providers with the minimum amount of profit they will accept. + +2 - +Those who provide MSL-packages will cooperate, +raising the total cost to consumers as high as they can pay. + +And I figure... +the real situation is closer to 2 than 1, right? + +So if you raise what everyone can pay, +the MSL-package providers will just raise the cost by that amount. + +So I would've thought that the only way to achieve the goal +would be for the MSL-package +to be produced and distributed +by an economic entity that +(at least in theory) +has a *different* motivation than extracting the maximum possible profit out of consumers. + +So basically, +I would've thought the government would have to somehow guarantee an MSL directly, +rather than guaranteeing a UBI payment that would *at the time* cover an MSL. + +**** + +So what I really want to know is, +economists etc who support UBI, +do they think my model is wrong, +or do they have something additional in mind? + +**** + +Okay, having already written all the above, +I am now going to go read [the FAQ](https://www.reddit.com/r/basicincome/wiki/index) from /r/BasicIncome... + +Okay, done +(well, I skimmed over most of the "I believe in [insert ideology]" bits). + +I only found one paragraph in the FAQ that obviously addresses my issue: + +> The "law of rent" says that more money in the hands of the people causes inflation in natural resource leasing costs (rent, resource extraction (mining), wireless communication frequencies, geosynchronous orbits, etc), which could entirely eliminate the original benefit of a basic income for non-land-owners. But if basic income is partially funded with a Georgist land value tax (LVT), those rent increases get returned right back to the basic-income recipients who boosted the value of the land in the first place. A socialist system like this, or a capitalist system in which citizens typically hold diversified land portfolios, can mitigate the harmful effects of rent inflation. + +So, is that the "something additional"? +Land Value Tax? + +It says "can mitigate". + +That sounds... a little shaky? + +**** + +Or take this example: +if you scroll down to the section "C is for Creation" in [this article](https://medium.com/basic-income/wouldnt-unconditional-basic-income-just-cause-massive-inflation-fe71d69f15e7)... +( +ie, ignoring the stuff about *inflation*, +which I had no problem with in the first place, +) +only focusing on the stuff about *rent*, +he says: + +> Everyone will receive a monthly check to afford rent, and will want to spend as little of it as possible on rent. Meanwhile, owners will want to compete for this money with other owners. Those offering the lowest rents will win. + +But how is that different from our current world? +People now have the same motive to minimize the rent they pay, +and owners have the same supposed motive to compete, +and yet the world looks more like situation 2. + +Does this guy just not know what he's talking about? +(Or if he knows better, isn't talking about it there.) + +Like, I would be reassured if UBI supporters agree that is *not* the best argument they can put forward. + +**** + +Actually, the more I read around, the more it seems that Land Value Tax really is the key. + +Or more generally, this thing called "[Georgism](http://www.wikiwand.com/en/Georgism)" +which I would summarize as: +"focus taxes on income generated from economic rent" + +> some sources of economic rent: +> - Extractable resources (minerals and hydrocarbons) +> - Severables (forests and stocks of fish) +> - Extraterrestrial domains (geosynchronous orbits and airway corridor use) +> - Legal privileges that apply to specific location (taxi medallions, billboard and development permits, or the monopoly of electromagnetic frequencies) +> - Restrictions/taxes of pollution or severance (tradable emission permits and fishing quotas) +> - Right-of-way (transportation) used by railroads, utilities, and internet service providers +> - Issuance of legal tender (see seigniorage) +> - Privileges that are less location dependent but that still exclude others from natural opportunities (patents) +> Where free competition is impossible, such as telegraphs, water, gas, and transportation, George wrote, +> "Such business becomes a proper social function, which should be controlled and managed by and for the whole people concerned." + +Which all sounds... pretty damn reasonable to me. + +**** + +- Here's another guy who says LVT is very important (UK version): +[Why Land Value Tax and Universal Basic Income Need each other – Basic income – Medium](https://medium.com/basic-income/why-land-value-tax-and-universal-basic-income-need-each-other-42ba999f7322#.6jr8a5m7t) +- and a US version: +[How a Basic Income combined with Land Value Tax could work in the US – Basic income – Medium](https://medium.com/@martin_farley/how-a-basic-income-combined-with-land-value-tax-could-work-in-the-us-5c30b21f4d82#.5inr6rswr) + +- And he claims it would actually *reduce* total taxation?: +[How a Basic Income would reduce taxation – Basic income – Medium](https://medium.com/basic-income/how-a-basic-income-would-reduce-taxation-bbc2b5d13b35#.30l6esfs8) + +- He also mentions taxing the economic rents that banks are granted the ability to extract... that's essentially georgist, right?: +[Don’t Get Angry. Don’t Get Even. Get Paid! – Basic income – Medium](https://medium.com/basic-income/dont-get-angry-don-t-get-even-get-paid-7f5ca39ff36a#.vpdv1vvti) + +- Here's a different guy with a claim that UBI and would actually be significantly *better* for the growth of the overall economy: +[Trickle-Down Economics Must Die, Long Live Grow-Up Economics – Basic income – Medium](https://medium.com/basic-income/trickle-down-economics-must-die-long-live-grow-up-economics-5b8334a0db76#.q7x84nkvt) +(apparently a reporter mostly presenting ideas from the economist Ha-Joon Chang?) + +**** + + + +**CONCLUSION:** + +So at this point, +I think I need to see debates between economically literate people for and against UBI. +(Just make sure it's people who already agree on what other policies(eg LVT) should be stipulated as coming in a package *with* UBI!) + +So... please link me to any you know about, +and/or engage in such debate in the comments here yourself? + +I'll post a link to this in /r/BasicIncome to hopefully draw in some good "for" voices, +so what I need most from here are some good "against" voices. + + +That is to say, from he beginning of the 20th century to today, there has been a shift from many, many privately owned small businesses to large corporations that tend to put small "mom and pop" stores out of business. The two most obvious examples being Walmart and Amazon putting small shops and bookstores out of business. + +This means that goods get cheaper but doesn't it mean the consumer has less money? + +Has this had a net positive or negative effect as it pertains to a macro level economics. +I know that a B.A. or B.S. in Econ is not going to make me an economist or unlock the full income potential of the field. I know that to do either of those, I'll have to pursue a Masters' or Ph.D. + +My question mainly has to do with what it will be like in the mean time. What sort of paying gigs can I get out of undergrad? What are some areas that I probably haven't thought of where I can make some use of a degree in Econ? + +I'm 31, this would be my second bachelors (but my first traditional bachelors). I'm also a non-disabled veteran. My main interest in Economics is using it study Public Policy (and my Masters would likely be an MPP). + +Basically, how can I avoid destitution in the years between completing my undergrad and completing my Masters'? +Some societies, such as Sweden, are high trust. Some others, such as Tanzania, are low trust. There seems to be a correlation between prosperity and trust. + +It is my understanding that in low trust societies, such as China, people form have a long and complex connection-building process, and usually only do business with those they already met this way. It's unlikely that they would scam you afterwards because it would then affect their reputation in the connections network. + +For me this seems inefficient compared to just signing a contract and knowing that it has to be enforced. A lot of time and resources is spent in the networking process. + +Is the exact effect on the economy known? Is having a true rule of law a way to increase productivity? + +How do I go about studying economics by myself, I don't want to be an expert but I would like to understand the basic enough to make good decisions. I been reading "Basic Economics" from Thomas Sowell and there is questions in the back of the book, right next to them are the pages where the answers to those questions are; but I'm not sure how I can apply what I read to my daily life. +I hear a lot about how Norway is a successful Economy and how it is booming by each day. Is it because of their economic model or because they luckily have abundance of oil and small population? +In my country local governments guide housing construction. + +Some local governments, like those in Amsterdam, have moved towards using higher quotas for affordable housing. + +This means that for every X units an investor/corporation builds a certain percentage of these have to be "affordable" (like 30-40 percent). + +Is this a good policy or a destructive one? What would be the alternative to ensuring lower income people could remain in the city? +I took an introductory microeconomics class in college and I was quite fascinated by it. I've been listening to a few NPR podcasts about economics like Planet Money and Freakonomics and I really enjoy them. What are some books I can read to gain a better understanding of the real "nitty gritty" of economics? I am okay with books which are fairly technical as long as they are cheap or freely available. +Take for example the Colombian Paso, £1 is worth around 4,000 COP. Why doesnt the country just say "From the 1st of Aug £1 is now worth 4 COP" to make it seem more worthwhile? + +Sitting here in my arm chair I think if i was the president and with no economic experience i would just say "moving forward all our money in our wallets should be divided by 1,000", all new money printed will be without the additional '000. +\- Access to high-status social networks + +\- Family members who are alums of prestigious universities + +\- High-quality upbringing and socialization + +\- Advantageous systemic discrimination (i.e. "privilege") + +\- Investments in lobbying & other forms of political influence + +\- etc. + +I understand that these things are not normally counted as capital, but...why not? Don't they function in essentially the same way? They are privately owned, unequally distributed assets which strongly tend to increase a person's income over time. They have little to do with the labor of the people they benefit, and are very often inherited from wealthy forebears. In some sense, they are even salable--an expensive private club membership will buy you access to high-status social networks, a large donation to a university might buy you a family member who is an alum, a home in a nice neighborhood (or private school tuition) gives your children access to high-quality primary education, and so on and so on. + +I ask because I've started to read a little bit about Piketty and his critics. The consensus seems to be that "r > g" is almost trivially true, but doesn't obviously drive inequality, because other things like education, automation, globalization, tax policy, etc. must also have an impact. + +But when a mediocre failson graduates from Wharton with a virtual rolodex full of valuable contacts, shouldn't most of his future income rightly be counted as a return on his family's capital? When Apple shareholders are spared the costs of globalization that must be paid by American factory workers, isn't that protection from risk ultimately a gain for capital at the expense of labor, over and above any change in the price of AAPL? And when a lobbying firm hired by the Koch brothers succeeds in promoting favorable legislation, does that not represent a return on an investment of capital? It seems to me that any functional definition of "return on capital" must include these sorts of things--in which case Piketty's thesis seems a lot more plausible. +I come from a developing country with worsening corruption. I havent enetered uni yet (later this year) but have been thinking abt learning and writing abt economics and corruption once there. + +Is there anything you guys can link me to so i can read more abt it? +I am hoping to one day teach high school but in wondering what kind of opportunities there are for someone with an economics degree. Would they be able to teach business since that seems to be a more common subject taught in high school? +Hey all, was wondering if anyone could provide or send me to an explanation on how Brexit will affect the economy in long and short\-term, but in a way that's easy to digest for people outside the field. +A [recent article](https://www.economist.com/leaders/2022/11/17/is-this-the-end-of-crypto) in the Economist, discussing the collapse of FTX, argues against "regulalat\[ing\]" the crypto "industry out of existence" because "nobody can predict which innovations will bear fruit and which will not. People should be free to devote time and money to fusion power, airships, the metaverse and a host of other technologies that may never come good. Crypto is no different. As the virtual economy develops, useful decentralised applications may yet appear—who knows?" + +Just curious, are there are any historical examples of technologies or industries that were at first plagued by scandal but eventually bore fruit? That the government would have been mistaken to regulate out of existence? +I'm not trying to ask a political question here. I'm not asking for personal opinions on wealth inequality. + +&#x200B; + +I imagine there's some correlation between how much wealth inequality there is, and how productive an economy is. To do an extreme, if one person literally owns all the wealth, then no one can really do anything. They have nothing to sell nor any purchasing power to buy. + +The other extreme is everyone having the exact same wealth, and I don't know that that's the most productive thing either. + +&#x200B; + +So I imagine between these two extremes there's a smooth continuous curve that we can find a maximum to. I haven't spoken about what we're measuring against. I suppose the purchasing power of the average person. +I am not an economist, but enough of an interested dilettante to understand that if government begins taxing or raises taxes on a previously untaxed part of the economy it's not totally free money. It can have a discouragement effect on that part of the economy (people spend less to avoid the taxes or increased total cost) and if they aren't discouraged from the activity being taxed, they may spend less in other areas, reducing other forms of tax revenue. + +Thus a new tax doesn't always raise the total tax revenue for the government. It may succeed in raising more aggregate revenue, but can result in reductions in other forms of tax revenue. They don't actually realize all of the new tax as 100% new revenue. + +The Denver Post recently [reported Colorado has passed $1 billion in marijuana sales](http://www.denverpost.com/2017/10/11/colorados-2017-marijuana-sales-reach-1-billion-in-just-eight-months/). + +Since taxes on this business sector represent taxes on a formerly nontaxable black market, is it possible that this tax revenue is for all intents and purposes 100% new revenue without any negative externalities on other tax revenue forms? + +Or is it possible that some other kinds of economic activity may be declining as a result of this, and the tax revenue gained has meaningful offsets elsewhere in the market? + +My general guess is that pre-legalization marijuana consumers aren't purchasing less marijuana and that generally speaking legalization didn't create a large number of new consumers, at least among state residents. I'm not a pricing expert, but my general sense is that the prices are at par or slightly lower than previous black market costs with substantially higher levels of quality. + +I think this question has important policy value for the question of legalizing marijuana in other states, since part of its appeal is that legalizing marijuana represents a truly new form of tax revenue that doesn't obviously discourage other economic activity or its tax revenue. If it was revealed that marijuana tax revenue was just some kind of shift in the economy, it might discourage other states from legalizing it. + +So I'm not very well versed in economics but I love politics. Being from Texas I'm especially interested in the current debate of property tax reform. As I've been researching the issue and possible ways of bringing down the property tax in Texas (which is very high), I've come across the Georgist idea of Land Value Tax. I've read that many mainstream economists have recently looked back to this more classical economic idea as a potential replacement for property taxes as well as a way of lowering income and sales taxes. My question is, would a land value tax be beneficial to Texas as a replacement for property tax? The idea seems logical and appears to gather bipartisan support which is the first thing that interested me about it. +My econ teacher plays Milton Friedman's videos a lot. In the video, there are always many students question him, and he always provides decent answers. He has the answers for every question, and he successfully develops his argument. He is hyper-intellectual, I have to admit. But his attitude sometimes is quite irritating. + +So I want to know: +Does everyone like MF? Are there any economists/politicians who argue with MF a lot? Does MF have a powerful enemy? (Like Sherlock and Moriarty...) +Please help out a confused fellow. I’m sure a lot (if not all) of you have realized just how crazy gas prices have risen in recent weeks. I’m wondering what contributed to such a rise, this can’t just be the cut off from Russian imports of oil right? I read that less than 2% of our supply came from Russia, shouldn’t this only account for a 2% increase in gas prices? Or is that not right? +As in, any reputable names to start reading economic papers online? My main level of knowledge is philosophy(continental, Eastern). Or any important papers that are essential to learning Economics, I’d figured id start my up with papers rather than books on Adam Smith. +So i can;t get my head around bond markets, a year ago i got myself into macro economics but i can't seem to fully grasp bonds or find good information on it in books/ youtube/ blogs. + +So here we go, has anyone some recommendations where i can educate myself on this topic? + +Other than that i have some specific questions: + +\- Why do bond yields go up and down even though the fed does not change its interest rate. I always thought the fed determined the bond yield but this is obviously not true because the yields fluctuates over a daily basis while the fed only changes its interst rate once in a while. So what market force determines this rate? + +\- To add on that why do these yields rise when the fed stops being bonds? + +\- I hear everywhere that we are entering a bond bearmarket, but wouldnt it be a bullmarket if the yields rise? like its a lot more interesting to buy bonds now than it was in may 2020, right? + +&#x200B; + +Thanks by someone new here +Today I read it is being projected that a 1,000 dollar per month stipend to every man woman and child in the US would grow the GDP by 2.5 trillion. I know this is a politically divisive topic and I have no opinion on it, but after doing the math I realized this would cost in excess of 25 trillion dollars. Can someone explain the theory behind this? It sounds catastrophic to me, seeing as we would basically be distributing more than current GDP in 8 years time in order to accomplish this. +I’m an economics major taking an interdisciplinary class which has a strong focus on chaos theory. We have to write a paper diving further into a topic from the class and it would be especially good if you can link it to your major. + +I’ve started searching around, but it doesn’t seem as though chaos theory has given rise to any major changes in our economic understanding. The closest I’ve found is that asset prices may have chaotic behavior, but that doesn’t even seem to be a strong argument. + +Even though chaos is related to inequilibriums, it doesn’t look like economic inequilrium models exhibit chaotic behavior (like sensitivity to initial conditions). + +Any papers I may have missed? +Hi, I am here looking to start a discussion about what seems to be an emerging divide in the world. I am referring to, of course, the Globalism vs Nationalism argument that has taken up some new traction lately. With people like Donald Trump winning seats of major power, and with the UK voting to leave the EU, what will this mean for the world economically? I'd love for the input of as many people as possible, and I'd love to hear everyone's personal opinions on it as well, and why they don't agree with the other side. + +Thanks in advance for your input. + +From my understanding: neutral interest rate = a rate set by market, at which demand for savings equals supply of savings + +if a central banks decide to keep it lower than that, shouldn’t then demand exceed supply and cause a shortage of savings? +So we all file taxes who get W-2s from our jobs. however we all know there are people who are paid under the table, cash jobs, corporations and cartels that's launder it, thieves who steal their money; not to mention all the cash that has been burried over the years. So how does the government account for all this missing money and how do they know if it is missing? +So I'm a 4 year veteran of BTC. Every chance I get, I try to use btc instead of usd. Yet nearly every time, it's a huge hassle of jumping through hoops trying to use it. +The support services for merchants are simply not there yet. Today I fucked around for 5 minutes trying to send payment to a merchant who was using bitpay. First, I had to disable some securty settings on my phone because bitpay required 3rd party cookies & scripts enabled. Then it still refused to load. I tried the non-script link & the qr code only showed a broken link. All the time, the countdown clock is ticking down. So I gave up & used paypal, which took all of 10 seconds. + +Until bitcoin is as easy to use as Paypal or a CC, we will never see widespread adoption. +I love BTC and want to see it become ubiquitous, yet even after several years, it's not ready. +In the start of stock trading about 10 years ago, I was pretty bad at it, so I didn't grow a huge stock account. Only this year did I pull myself out of that rut, and begin to turn a profit at stock trading at all, I thought I was doing pretty epically good for my first profitable year in the market at around 30% profit over last year. + + Despite the initial large losses, it was a rather good, albeit expensive way to learn about investing. + +In June of this year, my dad knew I had about $4,000 rotting in a poker account for years. He said I have to "spend it on SOMETHING". I said I wanted to buy a single Bitcoin, which were $2,600 back then. He gave me the ok and I did that. + +I eventually built it up to 1.78 bitcoins, and then this huge market crash happened in September, Bitcoin lost 30% of it's value in like 5 days. I cashed out at a low and a small loss on a lot of my additional investments, but for the original amount I put in. + +I still held after the August 1st fork so I still got my Bcash as well. + +As soon as I cashed out, bitcoin immediately began recovering. I hated not having ONE SINGLE BITCOIN. So at $4,000 in mid september, I hadn't spent what I had cashed out which was nothing compared to what it was, I again, bought 1 BTC. + +It was stable at $4,xxx for a week or two, and I generally ignored it. Then it broke into the $5,xxx's. I bought more. + +The $6,xxx's, I bought a little bit more. Bought a lot more in the $7,xxx's, and finally pulled some money out of my stock account that was sitting around doing nothing at that moment (no really good deals in the market going on right now IMO), and put my last $1,400 in Bitcoin on November 23rd, at just ever so slightly over $8,000. Right after I made that purchase, Bitcoin went on this epic run up since that time. + +I finally got that bitcoin today, and now the bitcoin I hodl is worth more than my entire stock account. + +I'm still not even at my original 1.78 before I sold, but I've now been through 2 crashes since I sold that, and learned my lesson, don't sell your bitcoin during a crash. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Throwaway for privacy reasons, naturally... (although I do like this username) So the past 3 years I have been working in a job that has me gone for long periods of time, has no schedule whatsover, and travel hundreds of miles away with the location never permanent(drilling rigs) The past 2 been making about 100,000 a year. This however, has come at a significant cost. I'm slowly losing my family, and my marriage is starting to fall apart. Not to mention my depression and alcoholism developing out of boredom/frustration. My wife is seriously depressed where it is affecting my children and everything is falling apart. + + +I need out, by any way possible. I don't care about gobs of money, my wife and I just want our family back. We been "poor" our whole lives, we can do it again. +All of our bills are current, and my credit score is decent(around 700). House doesn't have equity really. Maybe a few thousand. MAYBE + + +Anyway, you can see where I am getting at. I would estimate not including my house(which is a mortgage of about 80k) about +15,000 in Credit debt +70,000 in auto loans +21,000 in student loans (wife) +5,000 in medical (wife) + + +Now, of course because I am dumb I have no savings. Never was really a need. +Im in my late 20's. I figure its now or never to follow my dreams. I always wanted to start a business. I don't know how it is going to go, and I doubt it will be enough to keep up our current lifestyle. So, if I am committing financial suicide I might as well reach for the stars while I am at it. If it doesn't work out, I can always find a job locally, but pay will only be about 30-40,000 a year, if I am lucky. (wife only makes 18,000 a year but its a state job so great bennies) + + +I already have my business setup, ready to turn the light on. Legalities and all. It's setup as a sole prop. (maybe I can change that before I pull the trigger? would that be smarter?) +Business launches in about two weeks through hell or high water. I'll also most likely be doing a freelance sales job as a 1099. + + +I will work a few more weeks after that to save up a few thousand in emergancy food money, mortgage, utilities and get us through a barebones christmas. Also, my have to get two 1,000 cars for the wife and I so when they take the others I have wheels paid for. + + +Now I guess my question is, I don't know what to do after that. I assume I will have to look at bankruptcy. But do have to wait to file? I have no idea how that works or what to do. Also, I don't want the business yanked from me if it is enough for me to live on, but not enough to pay back all that debt +**What is BOG?** + +As of now, BOG is a BSC token with a 2.8 million market cap.It has some redistribution mechanics, BNB-BOG stakers take 4% of all transactions, incentivizing staking so the token can benefit from a larger liquidity pool. + +**What does BOG have to offer that's different from every other new token on the market?** + +Deployable on-chain oracles for BSC. + +BogTools are deployable individual contracts on BSC that connect to hooks built into the Bogged Transaction System, allowing for code to be executed as transactions are made with $BOG.As $BOG transaction volume increases the BogTools contracts will get closer and closer to running on the blockchain 24/7 - BOG is unique in that it is the first ever implementation of such a system. + +Oracles on Bogged allow you to get any information on the Binance Smart Chain, in an on-chain, decentralised and frequently updated manner.This is achieved by deploying a BogTool contract which is able to record and store the price of any asset-pair whenever a $BOG transaction occurs.They can then be used to access reliable current & historical data. + +BogTools can currently only be created by the team. However, there will be interfaces built to the BogTools Standard that allow deploying BogTools to perform tasks on the blockchain, similar to Uniswap/Pancakeswap pair factories. + +In addition, while these features are being developed, there is an ongoing ARG involving another token named SMINEM, you can find more information on the website. + +**What is BogCharts going to be?** + +The first BogTool product the team is announcing to make use of the On-Chain price oracles is BogCharts which will be targeted towards developers of brand new coins who are not able to use any centralised services for price charting. + +This will take the form of a deployable On-Chain BogTool Oracle to monitor the price of their token, paired with a UI package for charting the oracle data that they are able to self-host on their token website. + +**What's next?** + +Allowing contracts to effectively run constantly on the blockchain without any off-chain input allows for some interesting fully-decentralised possibilities.One example of this would be limit orders and stop losses for Pancakeswap.Another would be automatically tethering up when whales move large amounts into exchanges. + +**Where can this project go?** + +Right now, the project only has 2000 holders, and confidence in the project and the developers is high.In the next week or two BogCharts will be fully released along with marketing being put into action, until a future exchange listing. + +Here's the website: bogged.finance + +This project has a ton of potential and a great community, and even after the hellscape that was yesterday's announcement from CZ it's still holding up really well against the BNB dump.Don't miss it! +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +A friend who is middle aged has reached financial independence. He wants to do something interesting for a year and then look into part-time employment options when he returns. + +Has anyone put all their things in storage and traveled the world and stayed in apartments through Airbnb type apartments during their year of travel? + +He said, "why sit around the house in your home town if you have reached FI?" +My first child is due in March and the wife and I have agreed that it would be great to give her a head start in life by starting up a custodial trading account for her when she's born. My plan (so far) is to put Blue Chips and high quality dividends stocks in her account, hopefully buying at least one share a month and maybe a set dollar amount for her birthday and Christmas. + +Of course, with this we are planning on teaching her the value of financial responsibility and wise investing so that when she turns 18 she will be able to make good decisions with the foundations we've given her. + +Myself, I'm more of a swing trader than a long term holder so I'm a bit out of my personal wheelhouse when it comes to building a good dividends portfolio, which is what brings me here. + +Any advice would be greatly appreciated, what plans have you folks employed with success on finding the right stocks with the right potential and what do you see as being the most important things to consider when investing in dividends stocks? +I have $100k to invest. Target retirement date is 25 years out. + +I have following 4 options to choose from. Which one should I go with? + +1- All in SCHD lump sum + + +2- All in SCHD $10000 a week + + +3- 60/40 SCHD/JEPI lump sum + + +4- 60/40 SCHD/JEPI $10000 a week + + +I am leaning towards #4. +>from Dec. 31, 1978, through March 31, 2016—total returns for exchange-traded U.S. Equity REITs have averaged 12.87 percent per year compared to just 11.64 percent per year for stocks. + + +[Source and further reading](https://www.reit.com/news/blog/market-commentary/comparing-average-reit-returns-and-stocks-over-long-periods) +Hey there everyone! I am still completely new to dividends so I apologise if this is a dumb question. + +I think as a matter of self motivation and for me to finally pull the trigger and start on dividend investing how realistic is it if I want to retire in 10 years? When i say retire i mean to completely live off of dividends until i die. + +Currently i am 25 y/o and i can invest anywhere from 1000 to 5000$ per month depending on how many sales and comission i get per month. Now let’s say i have a 10 year window, how much do i need to invest in order to get something like 40-50k per year and is it even possible considering the options i have +One of the problems I've been running in to is *how many* options out there to use as investment vehicles. This information overload has led me to worry about where exactly to allocate my investments and decide where exactly I should put my money. + +I know myself well enough to come to the decision that I'd rather pay someone to manage my money so I don't have to worry as much about my investments. By doing that, I've come to the conclusion that I'm okay with paying expense ratios on mutual funds or ETFs since those (in my mind) pretty much pay the managers of that holding to change the investments within it accordingly. But now I'm faced with another issue of overthinking something that is probably more straight forward than my mind is perceiving it; How the F\*$% do I decide where to put my money on a monthly, weekly, or even random basis. + +I have a career and getting paid salary, so I have a set amount going towards VTSAX from that. On the side, I've been doing door dash and donating plasma (which surprisingly has been making me an extra 750-1k / month). Aside from putting extra towards some debts I just find myself building cash positions in both my Vanguard and Schwab accounts because I literally don't know what else I should do with the money. I know I want to start another Fund in VG, don't even know which one to go with. My total holdings; VTSAX - SWPPX - 5 shares of SCHD. Clearly I have a problem with indecision, which is why I chose to go with ETF's and Mutual Funds. + +My overall goal is to eventually get to the point where I'm making annual/monthly income from investments and having a large pool of invested money that just compounds over time. So getting to the question of this discussion; How are you guys dividing where to put money for whatever reasons, then acting upon that decision. Setting dollar amounts towards funds then build up cash positions to purchase ETF's? Are you guys actually following the standard \[40/60\] / \[25/75\] Bond/Stock portfolios while maintaining an income portfolio? Or are you guys keeping it simple by just starting a couple funds that you rarely finance and focus mainly on the income assets? + +Sorry for the long read and thanks for any advice. +Right now I have VTI, SCHD, and DGRO in my portfolio. Is there any other ETF’s that I should add that won’t overlap or overlap too much? Trying to have 4-5 ETF’s in my portfolio and probably have 10 stocks, so 15 total. +The title of this post is pretty self-explanatory. I’m looking for new, potential stocks and I already have the Kings and Aristocrats added to my screener. + +So, what say you? +I have $100k to invest. Target retirement date is 25 years out. + +I have following 4 options to choose from. Which one should I go with? + +1- All in SCHD lump sum + + +2- All in SCHD $10000 a week + + +3- 60/40 SCHD/JEPI lump sum + + +4- 60/40 SCHD/JEPI $10000 a week + + +I am leaning towards #4. +Good day, fellow Investors. + +Today we are taking a look at 3M. + + +The tickers are. + +&#x200B; + +|US|UK|Germany| +|:-|:-|:-| +|MMM|MMM|MMM| + +LOL + +3m was founded, in 1902 and was a mining Company. However 119 years later, its a bluechip Dividendking located in the Industrial-sector, that employes almost 95000 people. + +3M has over 50000 products in their portfolio, wich are based on 25000 patents. These products are split between sectors: + +&#x200B; + +|Industrialproducts|Electronic |Healthcareproducts|Consumerproducts| +|:-|:-|:-|:-| +|abrasivs, adhesives,cleaning, fire-protectionsystems and many more|connectionsystems, optical components etc.|ortopedics, surgery, fans etc. |postits, filters, projetors, | +|34,4% |25,8%|24,3%|15,6% | +|11,8billion$|8,8billion$|8,3billion$|5,3billion$| + +This is split between Location: + +&#x200B; + +|US|13,9Billion$| +|:-|:-| +|Europe|6,1Billion$| +|Asia Pacific|6,01Billion$| +|China|3,5Billion$| +|Americas |2,63Billion$| + +&#x200B; + +next table please in USD: + +&#x200B; + +|Total Revenue 2020|32,184billion | +|:-|:-| +|Net- Income 2020|5,384billion| +|Free Cashflow 2020|13billion| +|Cash End of Period |4,63billion | +|Dividend per share 2020|5,88 not billion | +|Long Term Debt |17,989billion| + +Those are some fancy Numbers right there. + +In the last 5 years, there wasnt much Revenue Growth. The profit was growing with just 1,6%. + +So there isnt much Growth going on at all. + +Taking a look at the, long term dept and the operating Income we get a Creditworthiness of 2,52. + +Long Term debt to Equity is 1,4. + +Total debt to Equity is 2,68. + +&#x200B; + +So far so ok, lets take a look at the 2,92% Dividend and see how save they are. + +3M is paying Dividends for 63 years. + +The Dividend was growing with 7,28% per year, over the last 5 years. + +Payoutratio is 60%, wich is good IMO. + +&#x200B; + +MY Thoughts on 3M. + +Im buying them on Monthly bases, because its a boring Company, not much Volatility and overall not much going on. With over 25000 patents i know, they are inventive and this gives me some safety. + +I have enough Growth in my Portfolio, IMO this is a defensive Titel, with a solid yield. + +The management looks, ok too. However i do wish that they would stop the sharebuybacks and pay down some debt for at least 2 years. But thats just me, debt makes me always unconftible(is this spelled right?) , even if its just a Penny. I know with debt u can write off some things. AS i said its just me. + +So im looking forward, on the next 119 years with 3M in my portfolio. + +As always Guys, critisism is very welcome. + +What should i change for the next Company or is everything ok ? Should i add something ? + +Do your own research, this is no financial advice. + +Have a nice day, happy investing, adios +So, my younger brother is going to be applying to colleges this fall and I've been tutoring him on programming for shits and giggles. He's picked it up really quickly and is good with Python and has a solid understanding of Data Structures and Algorithms (does Leetcode problems for fun and stuff lol and we've been through basically all the concepts in CLRS ... he's iffy on the hairier parts of the math but can solve DP problems and stuff and can implement graph searching algos and stuff like that). He really seems to enjoy it. + +I'm wondering what colleges he should be looking at. He's a really smart guy and I'm sure he could get into top computer science schools, but I doubt he'd get any financial aid. I'm going to be paying for his tuition though if it comes to that. On the other hand, based off his SAT scores and GPA, he's going to be getting a full scholarship to our state school (Rutgers). I'm just wondering what I should advise him to do. I only just started my career and I feel that school name is basically useless. What mattered for me was internships and I'm sure he'll be getting internships at top companies come freshman year regardless of what school he goes to (I know some people at top companies who'll recommend him and he's already really good at interview questions). So, I feel going to an expensive school is a complete waste of money and that he should just go to RU. + +For the Software Devs who went to expensive schools and have achieved fatFIRE... do you feel differently? Based off how he's going right now, he's probably going to be making 140k+ (assuming dev salaries stay constant) when he graduates and should be able to recoup the 240k investment within 6-7 years max. Do you feel differently about your education once you were able to recoup the cost? If he goes to a top CS school, his competition will be way better than at RU, and he'll be able to make connections with really smart kids and be pushed much harder. What do you guys think? +Been lurking this sub for 3 years with a different account. I inherited ~3.5 million a few years ago. I am in my lower 30’s, married with two children. At the time I inherited the money (which was staggered due to sale of real property), I purchased quite a bit of residential real estate with cash and then threw ~500k into the stock market with a manager. I’m a stay at home parent. When we fell into this money, my husband was farming with his (super toxic) dad. He came home from college to farm years ago (no degree). We exited farming, got into real estate & he became an agent + manages our real estate. We do not have any debt. We will likely take out a mortgage on our home for around 300k as we are currently building. Paid cash for the lot. +His family is rather wealthy. Mine was rather wealthy. We want to FATFIRE one day. But my husband has no degree, I’ll likely +be a stay at home parent at least for a few more years (I do have an undergrad degree in Business Management). We would really like to make more income than we currently are (most is passive) so that we can leverage the real estate and grow our wealth. +I am looking for opinions on the following ideas: +1. Start a marina. This is how my father made his money before he passed away. We live in a resort town with high demand and not enough supply. We could likely cash flow 100k/summer on this, supplement it with real estate income in the winter. +2. Run a chick-fil-A franchise. We are on the 4th round of interviews for opening one. We live a few miles off of a major interstate. I know this would take a lot of my husband’s time, but apparently an owner/operator makes ~200k/year. +3. ????? + +I know this isn’t *exactly* fat related, so if the mods don’t think it should be here, please feel free to delete. I am an only child and the entire reason I inherited any money was because I lost my whole line of mentors above me. I see people say often in this sub that they hope their kids don’t post on Reddit for advice when they croak, but, It truly sucks not having my parent around for this type of advice. For obvious reasons, nobody else is privy to the fact that I’m sitting on 3.5 mil of mostly inherited money. +I think it’s a compelling strategy, although I believe it should be done within a tax advantaged account to take care of quarterly rebalancing. + +Someone on Bogleheads tried it out with stellar results: https://www.bogleheads.org/forum/viewtopic.php?t=288192 +My MiL just bought a generator for her house in South Florida. Her neighborhood HOA told her that because they have had some problems with other contractors accidentally destroying landscaping, she needs to write a check for $4,000 that they will hold until they determine there was no damage to neighborhood property by her contractors. Obviously she is using an insured company. + +How does she get around this? Do I just go with her and yell at them? Is this legal? + +I should mention there are no cameras who monitors who is doing the damage so it could be anyone coming in and out of the neighborhood including tons of construction companies. Also, HOAs are garbage. +Ok. My boyfriend and I have lived together for almost 5 years. We are both 27, I'm on the verge of turning 28. He is very against marriage, in a kind of "I don't need a piece of paper to prove I want to be with you!" kind of way. And I, well, I don't know how I feel about marriage. I used to be against it, then when our relationship got more serious and all my friends started getting married and I started thinking about the possibility of it, but I'm not sold on the idea yet. He has a small melt down every time I bring up the subject. Sometimes he says he does want to get married "when we get our shit together." I don't know if there is a point in waiting to get married, or if it makes any kind of difference. + +Info about us: he has a bachelors degree in a field that he is not currently using and I think he has about 80,000 in student loans (I'm not sure, he also doesn't like talking about his finances so this is my best guess from clues he has dropped.) his credit score is in the 500's. He had a few old bills that are in collections from before we met. + +I currently have about $14,000 in credit card debt. A few cards are enrolled in a debt consolidation program as of a year and a half ago, but not all of them. I have a mortgage in my name with my mom (I don't live in this house, it's currently rented.) my credit score used to be much higher, in the high 700's, but as I maxed out more cards and I think after doing consolidated credit it went down to about 680 now. + +Boyfriend and I both work full time for a high end retail store and each make approx 35,000 to 37,000 a year. Neither of us has any sort of money in savings or emergency fund. We currently live in a small condo that we rent from my parents because they charge us the minimum and it's all we can afford for now. I feel like we make decent money for our pretty simple lifestyle, but we each spend so much in debt payments every month (almost as much as our rent and living expenses), that we live almost paycheck to paycheck. + +So, before my boyfriend and I keep arguing about whether or not marriage is a good or bad idea for us, I want to know the facts: what the hell does marriage actually mean for people our financial situation? + +I always heard people say "I want to get married for the financial benefits" but then I heard that when you marry someone you acquire all of their debt, which sounds terrible to me and I don't want that for either of us. + +Sorry for the ignorant question. I'm sure it's a complicated answer, but I want a general idea from someone who understands more than me. Thanks. + + +**Tldr: what does marriage actually affect in regards to a persons finances? Are there any actual benefits to getting married? Is marriage a bad idea for people who are in a lot of debt?** + +Edit: I wanted to clarify since I probably made our relationship sound worse than it is. My boyfriend is against marriage, and we have a few times discussed why, and it is mostly because he is troubled by his parents bad divorce. His father had two failed marriages and died alone, estranged from all his children. BF has a very dismal view of marriage and families because of it and is afraid that if we get married we will just end up divorced eventually. Which I understand even though I disagree. Also, He doesn't refuse to talk about his finances, he is just very ashamed of his situation and afraid that he can't dig himself out so he could rather not talk about it. He's a funny and silly guy who just prefers to not talk about serious things, but he isn't incapable of it. This is going to sound like I'm joking, but he is like a real life version of nick miller on the show "new girl." Just more down to earth. + + +Edit 2: WOW! Ok, I did not expect such a big response to this. I have gotten so many informative and interesting answers, and even the responses that challenge my opinions are helpful. So, thank you! + +I want to try clarifying again, because I'm a jackass and I realize that the way I type and describe my boyfriend and our situation doesn't come across the same way as it does if I were to say it with my real life voice and sarcastic or ironic inflection. He doesn't like talking about his money or marriage, because I tend to be obnoxious and ask the same thing over and over and over again and he gets tired of hearing it, which is why he usually shuts me down, because he's tired of me going on about it. We HAVE had serious talks about money, marriage, kids, and our plans to move and try to by a home (long term plan, hopefully in 5 years.) We both think marriage is antiquated and unnecessary. He's openly been against it since before we dated, it's not something he's just saying because he's not committed to me. In the last 2 years he's gone from "no, never, marriage is stupid" to "to you... yeah... but not until we get our shit straight." I only became more curious about marriage because as I've gotten older and more friends have married, I've wondered if it's something our financial situation could benefit from. He has told my best friend, in confidence and on multiple emotional occasions, that he really does want to marry me. I think he may try to avoid the subject because he doesn't find it romantic to constantly talk and plan it like a business deal, but that's all I see it as. I will seriously die if he does a cutesy surprise proposal and buys me an expensive ring. No. Do not want! Nor do I want a fairytale princess wedding. Gah! No! Waste of money! If he does want to get married, I want to have a long, drawn out discussion about it, have a detailed prenup, head to the courthouse, and be done with it. Maybe have a backyard party to celebrate and a gift registry because why not? + +He is caring and supportive. We've been through a lot, he has his selective immaturity but so do I. Last year we (I) went through something awful and got myself in legal trouble, and he could have easily said "no thanks, I'm done with you" and that event was followed by 2 months of awful things like our 1 car being broken for weeks, my grandma almost dying, all our plumbing in our home breaking, And me having my drivers license suspended. He's been driving me to work, doctors appointments, friends houses and all my bullshit errands since last September without a single complaint. We survived all of that without ever questioning our relationship. A few months ago I complained about him always leaving dirty dishes in the sink. He started cleaning the sink and loading the dishwasher every night since then. He wakes up before me most mornings and walks the dogs, feeds them, and makes us coffee and breakfast because he knows I'm horrible at mornings. He's not perfect, but he's not a monster either. Same goes for me. we both do our part and are trying to figure out how to be grown ups. + +Anyway: I'm rambling. I assure you all, the state of our relationship is not in question here, only whether or not we have anything to gain from making it legal. I even told him I had posed this question to reddit and he was very intrigued when I told him we would not necessarily accrue each other's debt if we married. Again, thank you everyone for your responses. I have tons to think about now and more to research, but I have a good starting point now. +Hey people, + +I've been wheeling SPACs for a while, I think it's worth looking into and understanding how the risk/reward works. + +[FDscanner](https://app.fdscanner.com/), the option screener I made has also been fully revamped and supports SPACs. + +**Why consider SPACs?** + +The premise of why we're giving special consideration to SPACs is risk management. The assets of a SPAC is 100% cold hard cash, they IPO to raise money from investors, which is then used to acquire private companies, bringing them public. + +In other words, if they IPO at $10/share. They keep $10/share in the bank. At IPO prices, their price book ratio is 1.0, and all of that book value is cold hard cash in the bank. No goodwill, assets, inventory or accounts receivables. + +All cash, which is returned to shareholders in full if they cannot find a target to acquire, or if enough shareholders ask for their money back. Interest from the cash usually can run the operations. + +**SPACs = Zero Coupon Bond (above 100% NAV)** + +From the most pessimistic point of view I see them like a zero coupon bond. Now SPACs pre-merger often trades at a few percent premium because they do have upsides. You could view them as a zero coupon bond at 105% NAV. On rare occasions, like [PSTH](https://app.fdscanner.com/ticker/PSTH), they trade up to 30% above NAV. + +**Why it's good for theta gang (short puts/covered calls)** + +Now we've established that SPACs have a strong floor at NAV value. In that case, shouldn't they have really low IV? + +Strangely not, they tend to have IV of a tech company at minimum, and on occasions go above 100% IV. We got 2 great ingredients for a wheel target, high IV, solid book value as a fallback. + + +**This leads into the thetagang strategy. ** + +**1) Short Puts on SPACs close to NAV** + +Sell an ATM put on a SPAC at 110% NAV 6 weeks out, and collect 1.3% a week. + + +**2) Covered Calls on SPACs close to NAV** + +On a 110% NAV SPAC, do a buy and write covered calls at 120% NAV. Often times, the call one strike higher is only barely less money than an ATM put due to high call skew. You receive slightly less premium but can capture potential upside. + +**Why SPACs have high call skew** + +If you look at the 16 SPACs we have on [FDscanner](https://app.fdscanner.com/), 10 of 16 of them have sufficient option liquidity to have an option skew. All 10 of them have call skew. [PSTH](https://app.fdscanner.com/ticker/PSTH) tops the call skew charts at 2.27 and many of them hits the first page of our call skew index. The step by step skew computation is available if you search for the ticker on the site. + +The reason is their limited downside at NAV, with uncapped upside, combined with SPACs being really hot in the market, causing speculation on what their potential target acquisition is (eg Stripe for PSTH), and that speculative fever goes in their options/shares. + +Also some SPACs have free warrants if you hold through merger. Warrants are OTM calls (in respect to NAV) with a few years before expiry. This further increases the upside ratio to downside. + + +As for thetagang, we can simply take advantage by doing covered calls. You will get slightly less money or a higher breakeven point but get to capture the upside between current price and your covered call strike. + + +I've been doing this for a while because I like the sound of 1% a week on a 110% NAV zero coupon bond. But do your DD, don't overleverage and good luck. + +Also a note of caution, SPACs can occasionally trade below their NAV in an extreme bear market, you only have to look back to March 2020 for that. + +**Full list of SPACs with options** + +CX DMYT FEAC GHIV HCAC IPOB IPOC LCA NOVS PIC PSTH RMG SAMA SBE SRAC TRNE +Many applaud staking as the big passive income. The big source of money during a bear market. But in reality staking does not help much, it won't make you rich through passive income unless you already put in very high sums to stake, then you may gain some reasonable amounts. + +Many have that misconception here that staking is that cool "passive income" that makes you money while you sleep. But you really won't make much money at all. It's actually an amount you can just ignore. Personally I staked and committed ALGO to governance (the possibly simplest staking coin), still I did not got any amount that may be worth the time. + +Obviously it's always nice to get some bonus and as it's free money you should definitely take it. But don't think that you will become rich due to it. Staking is just a way to expand your fortune, not change it. +I guess $BBBY won't have a bankruptcy announcement this month.Wonder if the whole conspiracy theory for selling/merging buybuybaby is true.What about that wonderful 🍋lemon🍋 squeeze. Shorts are HUGE right now.Did you see the price rocket, then fall dramatically (was that was more shorts piling in?)my Hopium is wanting $100 a share. + +&#x200B; + +positions here: + +https://preview.redd.it/e9zubgbe8oj91.png?width=2686&format=png&auto=webp&s=12d45a8cf9fe3b2ca683b945722c499dea187289 + +&#x200B; + +Anyway... + +>It's not just the amount of money, it's the intention behind the loan. Nobody is loaning them $400MM out of the goodness of their heart just to give them another quarter to survive... The loan has to be contingent upon something (sale of Baby?). This is what I find bullish. Whoever is loaning them this money has a very good idea about how they're going to get it back. +> +>\-u/[**pratiken**](https://www.reddit.com/user/pratiken/) + +&#x200B; + +https://i.redd.it/j8ssbvnxwkj91.gif + +🚀🚀See you guys on Mars🚀🚀, or in Earths Core [💀](https://emojipedia.org/skull/). + +Mods: Can you flair me "💵[💎](https://emojipedia.org/gem-stone/)Shallow Fucking Value[💎](https://emojipedia.org/gem-stone/)💵 - Deeps tarded 🤪 cousin" + +&#x200B; + +This is not financial advices. I'm simply showing the yolo trades I made and why. Trading is risky, so do it at your own risk. I hold positions on BBBY. +I’m a shift worker and work in an industry that requires 24/7 365 staffing. As such we receive shift penalties and they are guaranteed in our award. I earn roughly 90k a year with no overtime, with overtime it’s 95k. + +I have been trying to get approved for a 250k loan (refinance) property is worth 370k. I owe 244k. + + I’m told maximum I can get is 230k as my income is assessed as 67k ordinary hours or base wage. Do banks not realise this is outdated thinking and we don’t all work 9 to 5? +Before I go to an accountant, which I will if no one here can save me from myself. + +I wanted to know if anyone has a solution. + +I bought US stocks, they rose in value(100k profit) I sold. They went down a bit, I bought back into the same positions and held thinking I just extra Money day trading them. + +Fast forward 3 months the profit is gone as the market dipped hugely in for the type of stocks I'm in. Short of selling the position and not being able to buy back in as that would count as a wash sale to my understanding. I now owe tax on money I don't have. + +Are they my only options? Pay close to 40k tax Vs sell my positions now for capital loss and am then not able to buy back in to the same positions?(I like where my money is for when the market recovers) + +Also wondering if selling stocks at a loss and buying into the same companies in a different form like warrants negates the wash sale rule and would work? + +Thanks in advance for any help. I understand why the rules are in place but they really suck in some scenarios + +Edit: Spoke to an accountant today, the resolution will be to sell, then wait a week then buy back in, in a different parcel amount, however If I did have the money for it, he said I could actually double down now for this price, then sell half, and that would negate the wash sale. +Mulling over starting a private foundation at some point. We have mid-7 figures in a donor advised fund / DAF currently, and are continuing to donate each year. So, why not a private foundation instead? + +Could use some data points please: + +—-Curious as to who here has started a private foundation, and what your reasoning for starting it was? + +—-Approximate age and net worth at the time? + +—-And how much did you initially fund it with and what do your annual expenses look like? + +—-Employing any family members in it? + +Feel free to answer any or all. Your story would be appreciated! +What is your financial litmus test for being able to afford a vacation home? + +How does length of mortgage, monthly cost, and potential rent ability play in to that? + + + +I have become enamored with the idea of a ski house for the family but I have noticed that no matter what, you are paying 1k-1.5k in fixed costs- such as utilities, taxes, and HOA. There are really high HOA’s in mountain communities. +Then on top of that any principal + interest. + +We make good money but signing up for 3-4k of additional monthly for 30years seems crazy. And something like that would chain you to your job unless you were able to pay in cash or have a side residual income. +In general terms, I am asking as an ignoramus. Twitter, Meta, Amazon and many others laying off people. But they all made record profits during covid past 2-3 years. So what gives? you cannot possibly say its all a coincidence ... whats up really ? +And because of that, it will not be taken seriously. Not for a long time. We buy shitcoins for a pump, we dump good coins to follow whales, we inspire others to join in not for the sake of the idea of crypto and what is can be but the opportunity for making a quick buck. We pretend people will catch on and finally just pick and stay with a coin they believe in, but crypto wont trully hit its potential in use until we stop dumbing it down into a get rich quick scheme. I want to use our cryptos anywhere i go but people became hesitant to even adopt it nowadays. + +Edit: im not going to reply to everyone but some of you should atleast skim through the thread to atleast see if your talking point you wrote is already made by another user. + +Those who simply just come and say "youre wrong" without even an argument to back it up. Youre a waste of time. + +I have my opinion on this and it can change but im really not going to change it until the community itself changes. Some of you try to justify this way that were proceeding but you simply arent thinking of others imo, just yourselves and your understanding of the current market which allows you to capitalize on it. Profit on it. And blame others for the weaknesses crypto has. + +If you dont want to atleast to see another light of a topic because youre adamant on keeping your own point of view in tact, just ignore this post completely. Theres enough people already circlejerking the same talking points regardless if theyve been proven wrong or inconsistent. So please talk about something that helps create understanding or good arguments for future use. Thats all i have left to say. + +I wish you all the best and i hope we make it in the next 10 years. +Anyone else read this today curious what others think about it. + +https://ca.finance.yahoo.com/news/blackrock-says-ready-recession-unlike-141611815.html + +-The global economy has entered a period of elevated volatility, and previous investing approaches won't work anymore, BlackRock said. + +-A recession is imminent but central banks won't be able to support markets this time by loosening policy, according to the money manager. + +-"Recession is foretold as central banks race to try to tame inflation. It's the opposite of past recessions," BlackRock strategists said. +https://www.axios.com/staples-refuse-pay-landlords-rent-april-coronavirus-11dd7832-4ba6-4afa-9331-3885cae7ce23.html + +Sycanmore (owner of Staples) really taking advantage of the situation here. +The fourth largest Bitcoin holder bought another 1883 Bitcoins at $36,189.52. + +https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ + +The certified Bitcoin billionaire has been buying more and more Bitcoins. + +Reminder: There will only be 21 million Bitcoins (a lot of these are lost forever) +https://news.yahoo.com/employer-pay-5-250-annually-153402898.html + +According to the provision, an employer can make up to $5,250 in student loan payments for an employee within a year either directly to the employee or the student loan servicer. This money is considered tax-free, meaning that the employee doesn’t have to pay income taxes on up to $5,250. Additionally, the employer also receives a payroll tax exclusion on that amount. + +Originally intended to end in 2020, the program was extended through December 2025 under the Consolidated Appropriations Act. +Figured I should do one of these. I do strategy work specifically in our US Credit Card division. Ask away. + +Note: If you figure out where I work (it shouldn't be that hard) lets not broadcast that shit. + +Edit: I'm happy to discuss job stuff with you guys via PM but I'm likely going to say send me your resume and then give you an email address that I made up just for this AMA. I would love to get all of you jobs (Thats a lie, I would like to get all of you that are qualified for the job, jobs) but you have to be realistic. Also, generally a bad idea to be a dick when asking for job/career advice. +Guys, I'm a recent graduate, have an interview for an analyst position. It's very excel heavy, all I can do is some basic formulas and formatting. I'm looking for any advice/tips on what to study to impress them. +I see too many people hoping for a $10,000 chainlink of $1000 Cardano... That's not realistic at all. + +I saw another user post this tool 5 months ago and i use it all the time to compare cryptos. It tells you how much the crypto you like would be worth if it had the same market cap as bitcoin. It is very helpful at making you understand how little some would be worth even with a high market cap.. And that's even IF your crypto EVER reached a BTC market cap of 1 trillion for example. + +&#x200B; + +Here. For example: IF Cardano had the same market cap as bitcoin right now, it would be worth around $32.28... Very far from the promises of $1000 isn't it. + +Use the tool. Don't get wrecked and also understand that your low cap cryptos may never come near a market cap of 1 trillion. + +Here is the link: [https://thecoinperspective.com/?c=XLM](https://thecoinperspective.com/?c=XLM) + +&#x200B; + +Good luck. +I am getting ready to move out of my current home (single family) and plan to rent it once I do. I already have a modem and router at this property and I was wondering if people typically leave them for their tenant to use (like an appliance) or whether you let your tenant set everything up with the internet provider of their choice. I was also curious if you leave the router and modem do you (personally) provide internet? Why or why not? How does it differ providing internet as opposed to just getting internet as a household? +I'm new to the real estate investment world (although I have owned a personal home) and I'm thinking of buying 1 br 1 ba rentals. What do you all think about such a strategy? Any pitfalls I should be aware of? + +EDIT 1: Thanks to everyone who's taken the time to respond. This is all great insight for me to take into account. For those of you who have asked, I'm in North Jersey and in some areas, 1 br are in demand, particularly from young pros that work in NYC. +Basically title says it all. I read articles and watch YouTube videos claiming they need a minimum of 10-15% cash on cash return to even consider the property. Or those that say they aim for properties that can hit the 2% rule (my local can’t even hit the 1% rule!). + +As someone from a very over priced big city, these kind of numbers are like unicorns to me, mythical. Can anyone educate me? +I’m looking to buy in Los Angeles, I have a few options but found a great deal in a hip “up-and-coming” area. + +If you’ve invested in a transitioning or transitioned area, are you satisfied with your investment? +All the the time I hear stories of people who start with 1 or 2 rentals then keep adding till they end up with 10, 20, 30 properties… + +I’m curious to hear stories from anyone who has successfully done this. I purchased 2 properties about 15 years ago. Both are cash-flow positive with a good amount of equity however if I were to refi either to take out equity for a downpayment on a new property, the first properties would go in the negative. That along with the fact that any decent property around here (Southern Ontario) would be 500-600k+ so to make the numbers work they would need a fairly substantial downpayment. + +Thoughts? +I need help, I have a job lined up where after living expenses I would take home $60,000 cash that I want to invest into real estate... is this enough to build a living income without a side job? Or should I use the 60k to become a nurse where I’d have more stability?.. I’m trying to have stable finances at a young age, I would like to be traveling while I’m young.. not stuck In school, help me out here +tl;dr: how do you get C/C- class tenants to stick around? This turnover is killing me! + +**I screwed up.** I bought a money losing property. + +How I got here isn't relevant. What I do now is. I just bought this place in December and it's a smaller market so it won't be easy to unload it on the next sucker. I'm stuck with this thing for at least a few years. So I'm looking for ideas on how to turn it around, so that it at least breaks even. Mostly, this means putting a tourniquet on the turnover. + +*I am making this post extra detailed in the hopes that it will help others evaluate properties and educate people about the real expenses that go into this kind of purchase.* + +**Location**: SE Texas (aka Golden Triangle). I live in the Northeast. + +**Property**: 22 units in 2 buildings, mostly 2 bed/2 bath, built early 80s. C class at best (my major screwup-should not have bought C class but it's too late now) Rents are in the $600-800 range, a bit below market. The property has pretty low vacancy, but fairly high turnover. Mostly working class people, a couple of Section 8 units. + +**Management**: What I consider to be the best available. Responsive, honest, and experienced with the property. They have their own crew for labor and do a good job as far as I can tell, at good rates. This was actually the PM's parent's property, and they wanted to sell to retire. I bought it off market with the agreement that he would stay on as PM. He was up front about the history and challenges of the property. Beat me up all you want for getting involved in this, but I went in with what I thought were open eyes. I never expected this to be a home run, it's just turning out worse than I thought. + +**Purchased** in December for $770k with 20% down, financed through a local credit union. Amortized over 25 years, loan is due 12/2025 + +**Financials**: + +I've taken in about $95,500 in rent this year. I've spent about $97,600 this year, for a loss of $2100. Not the end of the world, but I am looking at a $20k property tax bill in a few months and that is really freaking me out. I can pay it, but I can't lose $25k on this property for very many years in a row before I run out of cash. Also, I had planned on actually, you know, making money and I would very much like to do that. + +Where's the money going? These numbers are all YTD 1/1-7/31. + +* $27k in work orders (this includes my PM's markup, about $5k). Of these, $21k are in make-ready fixes and cleaning after tenants have moved out. Waaaaaay beyond what I had budgeted. We have turned over 6 units that needed significant repairs in 7 months. +* $24k for mortgage P&I. At least I'm paying down principle a little bit every month. +* $11k for insurance. It went up $3k vs what it cost with the same firm last year. +* $12k for water. I tried to submeter it out but apparently the building was designed such that this is impossible without ripping out the driveway and cutting holes in the wall of every unit. It was easily going to be in the 10s of thousands of dollars. So much for that idea. +* $6700 in PM management fees (7%) +* $4800 in commissions to replace tenants (again, high turnover) +* $4k in other utilities: electric (common + 2 units that are not individually metered), gas, and trash. +* $2800 for an emergency plumbing repair (collapsed drain pipe) +* $2700 in landscaping and pest control +* $1000 in eviction filing fees +* $500 in sales taxes and other taxes (not property tax, which is due later this year) + +(numbers do not exactly add up to $97,600 due to rounding) + +Careful readers will note that my PM has netted about $16,500 on this place, or ~17% of my gross income. His fee is 7%, plus a commission on new leases, a smaller commission on re-leases, and a markup on services. From what I can glean on these forums and elsewhere, this is about the right ballpark for a class C property like this. But if I can reduce turnover, I can reduce his cut dramatically. + +**Occupancy**: If it were fully rented 100% of the time and all of my tenants had paid every dime, I would have netted $110k in rents. My actual rental income was $90k. So I am running at about 82%. My PM's software (buildium) doesn't seem to have a way for me to easily calculate how much of that 18% was vacancy losses vs tenants actively not paying me (we've had a few). Currently I have only 1 vacant unit. + + +**Known capital expenses**: This property is likely going to need a new roof in the next 5ish years, that could be $70-$90k after we add in some fascia work, gutters, and replace a few rooftop AC units while we have them pulled. + +**Poison pill:** My PM charges a 6% agent's commission if I sell the property. So even if I can get back what I spent (unlikely), I'll still have to cough up $46k in commissions. Oh, and this was a 1031 exchange so I would have to pay capital gains on whatever minimal amount of cash I am able to get back out of it. + +**So what would you do to turn this around?** + +I've looked at raising rents, and on some of the units that have just been renovated, we might get closer to the $800 end of the spectrum. But given the location and type of property, I'm not going to get too much higher. Hopefully I can average 2-3% annual increases over the next few years just to boost my eventual selling price. + +With a water bill of $2k some months, I tried to submeter, but it didn't work out. I don't love the idea of RUBS since it will cause friction among the tenants and I already have an issue with turnover. + +I'm pushing my PM to take more Section 8 tenants, but that's not necessarily going to solve my issues. + +I've talked to my PM about adding amenities or upgrading to nicer appliances when we renovate units, but he says in his experience it doesn't help with higher rents or reduced turnover. + +If I could get these units to stop turning over so fast, and get the kind of tenants who didn't leave an average of $3500 in damage every time they move out, I would be in a very different position. Still not killing it, but at least on track to cover my taxes and maybe pocket a few bucks. + +/u/hobbesNYC, I'd be especially interested in your thoughts. +My wife and I are getting a $235k mortgage on a $295k home, 3.75% interest rate. We are planning on putting down the $60k 20% on a conveniental mortgage. We own an apartment that we are selling for $135k. We should have $90k from that sale after we pay off the remaining balance and closing costs. Should we put more money down on the new home or stay at the 20%? My in-laws are saying we should put more down to lower our monthly mortgage payment but I think it would be better to invest the money, even into conservative investments, since we would likely make more in returns. + + + + +Who is right here or is there a better approach? + + +______________________________________ + + + +*Edit 1* +We have a good emergency fund as well. That is established before all of this. + + +______________________________________ + + + +*Edit 2* We live in a low cost of living area. + + +______________________________________ + + +*Edit 3* This is a 30 year mortgage and we don't want to do a 15 year because of debt to income ratio. + + +______________________________________ + + +*Edit 4* +Thank you all for the help with this. I got some confirmation as well as some advice that I will likely use. Much appreciated. + + + +______________________________________ + + + +*Edit 5* Just to add information to use as a case study for future people Googling for help... We are 27 and 29 years old. Our combined income is around $100k. We are putting $60k down (20%) but we have ~$85k in savings and we are currently in contract to sell our current apartment for $135k (will have $90k from that after it closes). The home needs no renovations at all (turnkey) and almost no repairs. Our credit scores are both around 760-780. We have stable jobs with no volatility in income. No credit card debt. Car and student loans are $500 per month total. +This thread will be stickied until **January 3rd - which is also the deadline** for comment on the new FinCEN rules & regulations. + +Dear r/Bitcoin + +[I’m Blowing the Horn](https://youtu.be/7lwJOxN_gXc?t=219) + +The regulators are here, and they want to make things more difficult for the ecosystem. Make no mistake, the new proposed FinCEN rules are insignificant in the grand scheme of things. But that doesn’t mean we shouldn’t give them Hell for trying to sneak in some last minute shenanigans, at the 11th hour, of an outgoing administration, during Christmas. (A cowardly act, no matter your political affiliation). + +This subreddit has more than 1,840,000 subscribers, many of whom are lawful American citizens, voters, taxpayers & Bitcoin enthusiasts. + +So make some noise, but be respectful and professional if and when you do. + +Be sure to let them know that [it's not worth risking Republican control of the Senate](https://twitter.com/F_D_KB/status/1342211429542277121) over [Mnuchin's personal vendetta against Bitcoin](https://youtu.be/B1zA3vNsiQQ?t=136). + +EDIT: Important Note if you are having trouble submitting a comment: https://twitter.com/jchervinsky/status/1343954408699277312 + +EDIT2: **It is best to submit Original comments, that are not copy and pasted templates. It appears that duplicate template submissions are being submitted, but are not being counted in terms of the numbers. And numbers matter. Please submit original comments with original titles or heavily modified templates.** + +EDIT3: Be advised, [the scope of this fight has expanded](https://www.reddit.com/r/Bitcoin/comments/ko9fu5/fincen_wants_us_citizens_to_disclose_offshore/) and will likely extend into Yellen's term: https://twitter.com/jchervinsky/status/1344736899236151296 + +At the time of posting this thread there have been 284 comments made. Lets get that to 2100. + +(589 comments made as of Dec 25th) + +(665 comments made as of Dec 27th) + +(750 comments made as of Dec 28th) + +(771 comments made as of Dec 29th) + +(817 comments made as of Dec 30th) + +(1996 comments made as of Dec 31st) + +(3257 comments made as of Jan 1st 2021) + +(3647 comments made as of Jan 3rd 2021) + +(5633 comments made as of Jan 4th 2021) + +(6537 comments made as of Jan 4th 2021) + +This thread will help host information & options for community members to make their voices heard on these new draconian rules. If you have any ideas on this action, please leave a comment. I’ll try to update it with more options and information as they become available. + +**Some good background on this:** + +Everyone Should read this one: +https://twitter.com/jchervinsky/status/1340135040399904770 + +More Background: https://twitter.com/BlockchainAssn/status/1340061588448022530 + +**The Proposed FinCEN rules & regulations:** + +https://public-inspection.federalregister.gov/2020-28437.pdf + +**Make Your Voice Heard, Comment on the New Rules:** + +Instructions of How To Leave a Pre-Written Comment: + +https://twitter.com/jchervinsky/status/1342905775501488136 + +https://www.stopfinancialsurveillance.org/ + + +Press the “comment Now!” button at the top right to leave a comment, keep it professional: + +https://www.regulations.gov/document?D=FINCEN_FRDOC_0001-0121 + + +Comments Can also be Submitted here: + +https://www.federalregister.gov/public-inspection/2020-28437/requirements-for-certain-transactions-involving-convertible-virtual-currency-or-digital-assets + +Letter Template to Send Mnuchin Your Thoughts, Keep it Professional Please: + +https://coincenter.good.do/fincen/fincen-email/ + +You can also submit your Feedback to: Policy Division, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN-2020-0020 RIN number 1506-AB47 + +AND: Kenneth A. Blanco Director Financial Crimes Enforcement Network via https://www.fincen.gov/contact + +[Rumor is](https://youtu.be/6DyuKaaMOVM), the Office of Management and Budget has the final say on these FinCEN rules, so be sure to submit a copy of your comments there too: + +https://www.whitehouse.gov/omb/ + +https://twitter.com/RussVought45 + + +**Closing Thoughts and Strategy:** + + +It's probably more important to [leave a comment on the actual proposed rules](https://www.federalregister.gov/public-inspection/2020-28437/requirements-for-certain-transactions-involving-convertible-virtual-currency-or-digital-assets), then to [send Mnuchin a letter](https://coincenter.good.do/fincen/fincen-email/) he won't read. But both are encouraged. In addition, [the Office of Management and Budget](https://www.whitehouse.gov/omb/) angle might be the best place to target. Please submit your comments respectfully and professionally to as many of the available avenues for comment and feedback as possible. But do not spam or be disrespectful in your conduct. Please also contact your local senator and congressman for wider effect. + +Merry Christmas and Happy Holidays Everyone. +I, too, suffer from extreme impatience. But, I will not let it get to me. I look at all the fundamentals and all that lays ahead both short and long term and I grab a cuppa' coffee. I take a deep breath and frantically search for FUD to test my courage. I always defeat it. Impatient people do rash things. Why would anyone trash-talk ETH or Vitalik and our many many developers, or Joseph Lubin or anyone else? In the kindest way let me say: How dare you? + + +I stopped looking at the price as my #1 motive. I've turned to all that Ethereum will be able to accomplish for the world. I suddenly feel better. The price will take care of itself. I find r/ethtrader toxic a lot of the time, yet compelled to keep contributing. I make no predictions, but sometimes you create your own outcome by your thinking and subsequent actions. + + +There are far too many "gotta catch the next new best thing" people acting as if Vitalik and his Team better hurry. What?! You're giving Vitalik ultimatums now? That's extraordinarily laughable. Lotta coin jumpers, too. Reminds me of the old days when folks would jump from one money-making program-scam to the next. Let's not go there, please. + + +Look inside, ride out what some of you may perceive as a stall or storm, and hard as it is, **ride it out**. Be Patient. This is a world-wide proposition we're talking about here. Please don't lose hope, and above all, do not get desperate. Think of all those developers working to make the world a so much better place. We are in that world. They are doing it for us, too. Thank You. +[I bought 1.02 ETH for $1500 in cash earlier this morning. Stack, Stake & HODL to 2030 to richest!!! GLTA!!!](https://www.reddit.com/r/ethtraderpro/comments/vam8lv/i_just_bought_102_eth_at_the_rate_of_1460_per_eth/?utm_source=share&utm_medium=web2x&context=3) +BCH is having another go at dethroning Bitcoin. It started a few hours ago, same tactic as before, pump their coin over a few days, use their Chinese mining buddies at Antpool and associated pools to exclusively mine BCH all around the time there is a difficulty adjustment for BTC. It's no secret, they have admitted its part of a plan. + +Last time they attempted to tank BTC it was their investors/supporters that lost out. This is not about scaling or the ideology behind Satoshi's vision, its about greed, power and revenge. This useless, irresponsible game of thrones is pulling this space down deeper into the gutter.. how are we going to attract the confidence and trust of newcomers with this sort of nonsense going on? +As members of this space we all have an obligation to each other to keep it self regulated, act in a mature responsible manner, to call out bad actors and to protest against their corrupt actions and lack of ethics. + +I am calling out Bitcoin Cash as a malicious fork with the sole aspiration to topple BTC and to steal its brand and market. Many of the people behind BCH are people of ill repute and the chinese mining cartel, owned by Bitmain, all are out to achieve their own agendas and they care less about the BCH community. + +They have pumped their coin a number of times and each time loyal supporters have contributed on the basis of helping the 'cause' only to loose money when the pump is over. BCH is a disgrace to the entire crypto-currency community. +So the king of swinging dong makes an amazing letter to highlight the crime and fuckery for all of us to sign and be part of, out of 700,000+ “users”, we have barely managed to attain 70,000? Just seems like a pretty clear cut case that there is not 700,000+ apes in this sub, and further more shows that the majority of the people on the sub aren’t people at all. It shows that these extra users are nothing of the sort, they are here to steal your info, usurp the easy going nature of apes by stirring conflict between us. I’m surprised anything gets upvoted now a days with the amount of suppression and supervision from these 700,000+ “verified users of superstonk” + +Edit:Spelling + +Edit edit : you people do realize what this sub used to be right? Yeah,,, some of us might be a lil bummed about it’s final form + +Edit edit edit: notice I never posted a link to the petition?? Shilling much ??? I have a very general observation , napkin math if you will +It's hard to believe, but due to a strong professional year last year (big commission payout), as well as continued growth in the stock market, I'm now just a few months away from very stable FI. (Target 2.285M \* 3.5% = 80k per year.) I'm almost 43. + +So what does that mean for me and my family? Honestly, nothing in the short term. But as I've been mulling over it for the last few months, I've come up with a few items: + +1. The company I work for isn't doing well. My year (heavily commissioned) is looking terrible, but I'm not too worried about it. If they lay me off, I'll probably get severance. Otherwise, I'll probably just ride it for a year and see what happens. I'm not actively applying anywhere else. +2. My manager just resigned. I could apply for his job, but honestly, I don't want it. Not even for a nice raise. His job is way more stressful than mine. +3. I'll continue to take money off the table and maintain a very conservative portfolio. I have the portfolio of a 60 year old -- because I figure once you've won, why keep playing. +4. If I stay employed for another 1-2 years, and if the stock marketing doesn't implode, I'll be beyond my goals -- and this is extra padding/security. + +So I don't know what the point of this post is. It's not something I can talk about with many people. I really don't have any intention of "retiring," but being this close to FI does bring security. On the other hand, it also brings self-questioning around "what am I doing with my life?" and "How can I do something that matters?" + +Any constructive insights? +I’ve been lurking for a month here, so glad I’ve found this place. I’ve evidently been doing FIRE the last 15 years without knowing there was a name for it. + +My father is a mathatician and showed me how compound interest works when I got my first real job out of college. Told me to save at least 10% and I’d reach a million. His advice lead me to read the Automatic Millionaire when I first started out. Really the only book I read other than Warren Buffet’s works. I also stay up to speed with things going on. This has been my goal. I started off saving 10% for retirement, first raise I got I increased to 15%, at one point – right before kids- I was saving 20%..(not counting 5% match from my employer). I was kind of obsessed with the “latte factor” from that book, and started thinking about EVERY penny I was spending… You can really go crazy with that, so be carefull. So I decided to make things simple and just save 20%. That way, I wouldn’t have to over-think every small purchase - and just relax. 20% is tough. + +I’ve been working as a government employee now for 15 years, I’m 40 years old, I’m estimating I’ll reach my first million in about 6 years. I’ll post my specific investments in my next post. But each month, for the past 15 years of my working life, I’ve updated my own financinal spreadsheet with all the balances in all my accounts. If the balance went up, I colored it black, red if went down. I also graphed my retirement balance each month. It’s interesting to see the ups and downs over the years, and how the overall trend is always up. I also plotted out a “family of curves” on a huge piece of paper of different senarios: a person making $100k per year and saving 10%, $35,000 per year saving 15%, Each year I plot my balance on the paper to where it falls in the family of curves. I’m on track for the million shortly. It’s cool to visually see how the next millions come a lot quicker than the first. + +I’m an engineer by trade, don’t claim to be an economist or money expert, but I’ve come to realize that you don’t have to be. In fact, the less you pay attention to financial news.. the better! I’m serious. Don’t pay attention to the ups and downs of the market, just keep investing, you buy more shares when the market is down… Just pay attention to your allocation over time to adjust your risk tolerance. + +I’ve keep everything simple: work hard, save hard for retirment, minimize expenses, track monthly cash flow, don’t spend more then you earn, save for vacation, enjoy life and make memories with wife and kids. Yet, it never ceases to amaze me when I hear co workers talking about money. It really puzzles me, I’ve found that most people, some really smart people too, don’t have a basic understanding of the time value of money and how compound interest is an exponential function. It’s a curve!. Or, in fact, that it even exists! I’m lucky for my father who first introduced me to the concept. I also had one class in engineering school that talked about economics and the time value of money. + +Here’s some Mainstream Advice -often spoutted out from co workers- that are completely wrong – but I keep hearing over and over again and also some basic understanding people lack: + +- Can’t get rich working as a Government Employee. Bullshit. +- Can’t make real money in the Thrifts Savings Program (TSP) because the funds suck. Bullshit again. +- Can’t get rich working for someone else.. (love this one) Complete bullshit. +- Seems as though people don’t undertand what dollar cost averaging means. I opened an Index fund 10 years ago, invested only $35 per month, and it has grown to a sustantial amount now. But yet, if I’d did nothing, that $35 would have been adsorbed into my checking account and dissapered forever. Wouldn’t have even “felt” it. +- Seems as though people don’t understand that stocks go and up and down, but the overall trend has been up. +- Seems as though people don’t understand that you can make 10% (or more, whatever the number really is) in the market over your working career. +- Seems as though people don’t understand that you can reach a million in about 20 years of heavy saving, but the 2nd million, 3rd million, and 4th million time interval gets shorter and shorter because of the expodential curve. Do the math, depending on when you begin working/saving, you can start doubling your balance every year at one point. It is the most powerful force in the universe. +- I know very smart accountants at work who talk about this sector and that sector, and you can tell they listen to wall street news everyday, but don’t know about compound interest nor do they practice it. One time I mentioned it and I was laughed out of the room. Fuck them. I learned to never discuss money after that. I’ll be the one laughing at the end. +- People don’t know that daily stock updates don’t mean shit. It’s always gone up so- ignore it. +- I still hear people talking about timing the market and I just laugh. Really, it’s 2018? Don’t they know the facts about this? One time I asked my friend how he manages to be right twice by doing that? He just looked at me. Smart guy with MBA, finance major, but just doesn’t know. Dude has about $5k in retirement for the last 10 years but yet stills tries to time the market. He talks a really great game, sounds like he is already a millionaire, but has no money. + +My net worth just hit $1 million by not understanding a DAMN thing about the stock market – other than that it always goes up over the long term- by utilizing dollar cost averaging and constantly increasing my contribution % (and adjusting allocation of course depending on risk profile). Some people study the roots while others just pick the fruits. I just pick the fruits. I don’t really care how it all works..but it does work. + +I have a theory about all this. Over the years, after talking with co wokers, there’s a huge gap in this basic understanding – I’m not sure how/why some of these smart people don’t save for retirement. I’m starting to belive this is BY DESIGN… by society. Perhaps I’m a conspiracy theorist, but I really think this to be the case. Why is this not taught in school? Why doesn’t the school teach how easy it all is? + +We are bombarded with doom & gloom news everyday- Everything from crime to the stock market. I see people consume all this negative information and discuss over the water cooler at work. It’s the same shit that keeps getting repeated everyday. Do they not know that negative information sells? – it’s a scare tactic. I’m not saying to ignore what’s going on in the world, but just to be aware of the tactics the mainstream media uses. I really believe that society tries to dumb us all down. They try to make everything, especially Financial advice sound so complicated- on purpose. That we give up. When we’re depressed, we’re more willing to go to that 9–5 job that we hate and only accept a 2 week vacation…. Perhaps? + +Most of mainstream advice is so watered down because it has to be understood by the least common denominator. Anything scalable in large quantities to sell to the masses out there, is crap. A McDonalds hamburger is complete crap, but yet sells millions. Negative energy lowers our consciences and frequency, closes our hearts, makes us afraid, and sucks our life energy away. Perhaps, it’s a controlling technique they try to do to us. I know this all sounds crazy, but I really believe it at this point. I can see the matrix. If you try to talk to people about savings and compound interest, it’s almost like they are pre-programmed and brainwashed to chew you out and lash out at anything you say! It’s crazy. I never offer advice unless specifically asked. + +Anyway, just wanted to share with you guys my personal experience from the Government sector and all the misunderstanding there is out there.. and if you feel the same as I do? + +I’m learning a lot here. + +Thanks. + +Hy guys its been 1 year in trading and haven't started yet ..paper trading on trading view +I want to trade options and i have a capital of 4k usd and I am 30 year old ..cant loose this money other wise I will end up in depression maybe + +So in 1 year I did like 6-7 udemy courses a lot of paper trading and a lot of yt videos + +But I am not able to generate profit till now in paper trading.. But now I am not at least making loss + +Break even in crypto and forex + +And a small profit in stock options + +But I want to be a full time intraday options trader in stocks.. So I decided to stop paper trading and decided to read 10 books in January + +1. Price action trading trends by al brooks +2. Price action trading reversal by al brooks +3. Price action trading ranges by al brooks +4. Trade like a stock market wizard +5. The disciplined trader +6. The new trading for a living by willey trading +7.trading in the zone + +Any more 3 books you guys want to recommend pls comment... + +I am ready to do whatever it takes and then I will again paper trader for two months in feb and March and in April ..after 1.3 years I will start live trading with only 2% risk per trade... + +But I cant loose this money in any condition +As I am married and a great failure person in career +So kind of last opportunity +And as far as I know myself +I will do it.. +And I can't loose this money means I can loose this money but its my last chance to do something in life +Other wise I will have to settle for a ordinary life +Kind of a last chance + +Thanks in advance +I noticed the suicide hotline number being the most upvoted post and I must request this remain pinned for the week following the recovery. + +I think people will be at highest risk of suicide after they panic sold and realize that crypto recovered fully in a very short period of time, even perhaps reaching new all time highs. + +HODL. +On the one hand, I am happy to get the money. On the other hand, it bums me out that I didn't even notice that WF had ripped me off by $5k. + + +https://www.cnbc.com/2018/04/20/what-consumers-need-to-know-about-wells-fargo-settlement.html +I know a lot of us look at this to compare where we are in our FIRE journey. The latest 3 year survey has just been released. + +http://federalreserve.gov/econres/scfindex.htm + + Summary is at http://federalreserve.gov/publications/files/scf20.pdf +Recently been fined 100 pound for late filling of self assessment. I had previously filed one the year before as I worked as self employed through the CIS scheme but then covid hit and am site shut down so I thought that was it I got another job and registered as just employed. Come to now a couple years later they are trying to fine me. What can I do +Just wondering why Interest rates need to be centrally controlled by the bank of England or the federal reserve etc. + +What would happen to the economy if banks were free to set whatever rate they wanted and let the invisible hand do its thing? + +That way investors/ buyers can choose for themselves. +Thanks +I remember when Amazon was at $300, Nvidia was at $50 and Tesla was at $200 (before the split). People who caught these waves, and others; how did you do it? Where do you find new companies and industries like this that are destined to blow up? I know that some investors must have benefited from Netflix, Apple, Facebook, Beyond, AMD, etc. what’s the trick to spotting these investments, and is there a website where you can see new emerging companies and trends that may be disruptive? +🍆 DickBooty Coin | Fair Launch In 5 Minutes | Extensive Roadmap | Aiming for MC 10m+ 🍑 + +$DBOOTY Tokenomics + +📈 Supply: 1 Trillion + +🔥 Burned Tokens : 20% + +🍆 Reflection : 2% + +🏆 Added to Liquidity: 10% + +🚀 No Presale, Fair Launch In 5 Minutes 🚀 + + +🍆 DickBooty is the newest BSC coin. Here to make a big bang with lots of marketing! Influencers, Reddit Sprees, Contests, Huge Shill waves and much more! 🍑 + +✅ Dev and Team are both active. The Ownership has been renounced and the liquidity is locked 🚀 + +✅ Huge Marketplan to start. Many large influencers will be talking about it soon! 🚀 + +✅ No mint function or proxy in the contract, so devs can't change code 🚀 + +✅ Liquidity locked automatically = rug proof 🚀 + +🍆 DickBooty WEBSITE 🚀 https://www.DickBooty.Club/ 🍑 + +Contract: Released At Fair Launch + +🍆 Telegram 🚀 https://t.me/DickBootyBSC 🍑 + +📈 PooCoin Chart 📈 - Link Provided In Telegram At Fair Launch In 5 Minutes + +🥞 Buy on Pancakeswap 🥞 - Link Provided In Telegram At Fair Launch In 5 Minutes + +$DBooty 🍆 - Binance Smart Chain + +Together, Against STD's And Unwanted Pregnancy's In Developing Countries +🍑 DickBooty WEBSITE 🚀 https://www.DickBooty.Club/ +**💎DO NOT MISS THIS GEM!💎** + +[VANITY ($VNY)](https://vanitytoken.net/) Token \~ The First Ever Token to Provide Custom Wallets for multiple blockchains. + +600K Market Cap + +Audit completed by Solidity.Finance, Certik contacted, + +New contract recently launched with auto-LP and Anti Whale and Bot system Launched, Marketplace OUT SOON! + +Low Cap BSC GEM! 💎 + +&#x200B; + +**💎What is VANITY?** + +Vanity ($VNY) is the first product driven token ever launched to allows people to buy, sell, and trade customized addresses. + +\*\*But what's a Custom Vanity Address?\*\* Simple! If you ever traded, or even looked at your address, it will probably look like this: + +**0x93e2672bD191F27F4F420450cfC5a57799c623a0** + +That's boring, everyone has this kind of addresses.. Are you a Coffee lover, you wake up and need your cup of Coffee to start the day? We got you. + +[0xC0FFEE1268A4aAe653a4a9Ca81e183dCCAD1a029](https://bscscan.com/address/0xc0ffee1268a4aae653a4a9ca81e183dccad1a029) + +here are several more examples from the various blockchains: + +For ETH/BSC + +[0xDEAD](https://bscscan.com/address/0xDEAD1337F2Ede31413CB39B0cf97909b6F107DB6) + +[0xC0FFEE](https://bscscan.com/address/0xc0ffee1268a4aae653a4a9ca81e183dccad1a029) + +[0xB00b](https://bscscan.com/address/0xB00bfaCeEA15dAB09322d4a1bdb7381c5Fd8882B) + +[0xBEBE](https://bscscan.com/address/0xBEBE0a06de7571627c0Ec4015574aeFA85623bC8) + +and many more! + +For BTC1 + +[1SaToShi](https://www.blockchain.com/btc/address/1SaToShiYPiWYEevVwxYG6hkDfAT9N9Fy) + +[1VERB](https://www.blockchain.com/btc/address/1VERBGtsPNQmjF6aspXAz5pkwLZ2PpiYR) + +Recently, VANITY expanded the supported chains for VANITY addresses on **LTC** and **DOGE** as well, and gave some testable examples! + +LTC Example: + +Address: [LVaNiTy](https://live.blockcypher.com/ltc/address/LVaNiTyLsB1A7eevCy4CigVucFXUW7TByD/) + +DOGE Example: + +Address: [DQVAn1tY](https://dogechain.info/address/DQVAn1tYTm5RZPzXkvK117KiN7F2hro4bh) + +&#x200B; + +**💎How can I purchase a $VNY Address?** + +So now you're wondering, this will be hard to obtain, do i need to share my passwords and secret keys? + +NO! + +Vanity works with a technique called *Vanity Split Key Generation*, in simple words: You generate a new Wallet with our OFFLINE Tool, then send us only the **Public Key**, and we will generate your wallet and send you a little sentence made something like this: + +y5asd687ojonm09q097nbq76bnbe187324 + +This this alone is USELESS! Does not give anyone, neither us or you, the access to the wallet we generated for you. Using our OFFLINE Tool, you will combine this Partial Private Key with yours and, VOILÀ! + +You now have your **$VNY Wallet**, which is NOT a proxy wallet, but a real new one, with your own secret private key. + +&#x200B; + +**⚙️ Tokenomics:** + +Every transaction taxed by 10%, which goes to: + +🔥 Redistribution to holders - 4% + +🔥 marketing and operations wallet - 2% + +🔥 Customized LP Function: 2% + +🔥 Burn tokens - 2% + +🔥 In addition, to protect against large dumps, the contract include a Customized **Anti-Whale and Bot System**: Holders of 0.8% or more VANITY will not be able to Sell and Transfer more than 10% of their token in 24h. this doesn't apply for purchases. + +&#x200B; + +**🔎 Further information** + +🌐 [Website](https://vanitytoken.net/) + +📜 [BSC Scan](https://bscscan.com/address/0xabc69f2025bdb12efcdb8fd048d240fff943ca82#code)🔒 [Liquidity locked for 3 YEARS!!](https://dxsale.app/app/v2_9/dxlockview?id=2&add=0xC0FFEE1268A4aAe653a4a9Ca81e183dCCAD1a029&type=lplock&chain=BSC) + +✏️[Audit](https://solidity.finance/audits/Vanity/) + +&#x200B; + +**BUY $VNY:** + +💰 [Pancake swap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xAbc69f2025bDb12efcdB8fd048d240fFf943ca82) + +&#x200B; + +🗣**SOCIALS:** + +📣 [Telegram](https://t.me/vanitytokenofficial)📣 [Discord](https://discord.gg/EAfMdT8M) + +🐦 [Twitter](https://mobile.twitter.com/vanitytoken)🤖 [Reddit](https://www.reddit.com/r/VanityTokenOfficial/) + +&#x200B; + +**Charts:** + +🦎 [CoinGecko](https://www.coingecko.com/en/coins/vanity/) + +📈 [Coinmarketcap](https://coinmarketcap.com/currencies/vanity/) + +📊 [Bogged](https://charts.bogged.finance/0xAbc69f2025bDb12efcdB8fd048d240fFf943ca82) +(I had ambitions to put this in a blog or something, but ran out of time - think I was able to get points across, please excuse the choppiness.) + +For the past few years, I’ve contemplated the idea of a “meta exchange” to help provide liquidity across multiple exchanges. Since the market has become more liquid that interest has wained. Nonetheless, I’ve stayed in the fintech and continued to explore new opportunities. + +Last year, an angel investor shared an investment they made in a new app with me and I was instantly intrigued. The app was called Revolute. As many of you have found, it has become an amazing way to seamlessly normalize your “native”, on-hand currency, regardless of the country you are in — eliminating costly exchange rates in the process. After stumbling on Revolute again recently it occurred to me what Vitalik Buterin’s interest in OMG may be. What if the Revolute notion could be incorporated into virtual currencies? + +If you think about Vitalik Buterin’s background and what he has said regarding openness and his socialistic tendencies, I think he very much wants to create a co-operative platform where everyone can seamlessly trade units of value. And given his proclivity for strategic planning in an almost Bezos fashion (yet to be seen at his twenty odd years of age), these efforts may also help protect Ethereum (and maybe crypto in general) from external global regulatory confrontations. Whether a game of chess, civil disobedience, or just his Kantian beliefs he seems to be determined make Ethereum a long term success. + +Currently, shuffling fiat to fiat is a pain and it’s not much different for crypto - with reliance on old-school, fee-driven intermediaries, so it makes sense to facilitate any to any transactions between stores of value as transparently as possible within a coin. The fact that this happens to provide fuel for ETH only hardens the underlying Ethereum platform. + +I think OMG is going to help the “greater good” and by effectively providing liquidity between anything to anything will help assure coins always have a way to be spent. I believe OMG in this regard is a bit of a trojan horse in that any regulatory challenges will be mitigated by this liquidity. For example if China wanted to “ban” Ethereum (e.g. by making ETH <> CNY pairs illegal), users could seamlessly exchange ETH -> BCH -> CNY. + +Further, with the release of Metropolis, it’s my belief that any to any transactions using Ethereum network will be as personal and private as giving your 10 year old their weekly 15 USD allowance in your living room. Metropolis will include a ZNSnarks which is purported to provide unmatched transactional anonymity. So if you have BTC and your son only has an ETH account you can seamlessly and privately send the funds. + +To speculate further - I would guess that tying in Golem with OmiseGo may be a protective measure to further harden this framework. In that having OMG code resident in Golem could dynamically scale for demand and also to protect against DDOS-like attacks or intervention. + +Basic OMG network with GNT node diagram: https://pasteboard.co/GJ8saL8.png + +If all this plays out, OMG could indeed be OMG! Welcome thoughts, corrections, etc. This is just a dump of why I think OMG is making so much traction. Nothing here is validated and is just speculation and what I'd like to see happen. +Apparently r/ethereum isn't very active and can't post to r/CryptoCurrency + +I am surprised there is not more discussion about the coming ETH supply shock post merge. + +I'm not sure what the short term implications on ETH price and gas fees are going to be. But long term, the issuance will have to equal average burn rate; as there is not an infinite supply to keep burning. + +The estimated ETH issuance will be around 1,600/day. Currently we are burning around 10k ETH a day (current issuance 14-15k). With the current ETH burn structure from EIP-1559, burning 1,600 ETH/day would require an average base fee of 16.......with half full blocks that is only 606,000 transactions per day. + +Using the current network demand of $60,000,000 in fees per day; for 600k transactions to produce $60 million in fees, the ETH price would be $37,500 with an average transaction cost of $99.00. + +https://preview.redd.it/boaqm1gi6ly71.jpg?width=271&format=pjpg&auto=webp&s=32dfa352b5be03438df61928e88c01ae39748260 + +&#x200B; + +EDIT: + +Once "ETH burn" == "ETH issuance" (\~1,600 a day), the price of ETH will need to increase by $625.00USD/ETH for every $1,000,000 USD network demand. If layer 2's are willing to spend $100 million USD for block space, the price would need to be $62,500 per ETH. + +&#x200B; + +EDIT 2: + +Issuance rate can be adjusted by increasing the amount of ETH staked (also, I think sharding will also increase the issuance independent of ETH staked, but not 100% sure) +I am pretty sure this has been said many times, but I am experiencing it just now. + +I am writing this as a 3rd world country living person, I do NOT live in the US, Canada or any developed country. + +That said, due to COVID, I lost an excellent job that I loved, paid great ($12k a year, yes, that is a "great pay" in a third world country) and had great benefits. + +The thing is, when I had the job, I would manage my poverty buying things in bulk, semi-quality canned food, and buying fresh veggies by the sack. + +For example Yam, is cheap, nutritious and last for a LONG ass time, like 5 or 6 months. Plantains are amazing too. + +Around payday I'd call my dealers and ask for some products. + +I'd get: +(Regularly) +A 100 count of green plantains (BIG - $10 if they didn't have big ones, I'd buy medium sized for $7) +A 30 or 40 kilos sack of yam (around $10) +A 100 pound bag of rice ($30) +A 30 or 40 kilos sack of Yucca ($15) +A 10 kilos bag of coffee beans (price changes, but it is EXTREMELY CHEAP HERE) +Assorted food by the bulk (Oatmeal, Sugar, Lentils, etc.) + +(Ocassionally) +A 100 count of coffee filters +Assorted spices in bulk +Trash Bag 1k count +1 liter bottles of Soy, Worcestershire (Wustershuchisriesjhieshhisereiesere), Garlic, BBQ, Vinaigrette sauce +5 kilos of tomato sauce (Ketphuc?) + +And my spending was not that high, I even had days where we could afford some takeout. + +But now that I am living day by day, I cook with less stuff than before and spend even MORE. + +like, the spending almost doubled since I am buying by the pound or less. + +Like I said, I know this has been said many times... I just want to vent, because since I became poor, my "friends" are not my friends anymore... fml. +### High Paying Jobs But Very Little Wealth + +I know a lot of people with 6-figure incomes that are basically living paycheck to paycheck or are in debt up to their eyeballs. I also know a lot of people with median incomes for their area who are much more disciplined and financially literate and have more wealth than the aforementioned 6-figure earners. + +Something I have noticed is that this subreddit and many other crypto centric subreddits are filled with people with poor personal financial literacy and discipline, regardless of their income level. There are also many people in the crypto space that actually do have a gambling addiction. I also believe there are many bad faith participants egging these kinds of people on to FOMO invest so they can get their pump and dump short term play quotas in. These kinds of posts have existed since the days of the early internet in stock discussion newsgroups and dial-up BBS. Hell, they even existed pre-internet when guys like Jordan Belfort (Wolf of Wall Street) created cold call centers to drive penny stock pump and dumps. The manipulations are not new, but the scale and speed with which they can be executed due to social media and everyone having access to the internet is and the best way to protect yourself from the knock-on effects is to be educated and financially literate. + +&nbsp; + +### How To Get Financially Literate + +So how does one achieve financial literacy? That is a big topic which is too big for a single post. There are a lot of resources. Being redditors, you might start here: + +https://np.reddit.com/r/personalfinance/wiki/commontopics/ + +I truly believe every single person in this subreddit should have a strong understanding on the importance of basic personal finance topics like bad vs good debt, emergency funds, budgets, and IRA's before considering investing anything in crypto. Without this very basic level of financial literacy, what you are doing is not investing, it's gambling. In fact, investing and gambling are very close to the same thing... the main difference is the amount of knowledge and risk management put in place. + +Now keep in mind, many people that are conservative about personal finance are also biased to think in absolute negative terms about emerging technology like crypto. I am not one of them. I think crypto should play an important part in many people's investment portfolio. However, it is a very high risk investment and should only make up a small portion of most people's overall investments. Truly investing only what you can comfortably afford to lose is the best way to approach crypto in these very early, very volatile times. I know you've heard that phrase a thousand times, but many don't grasp what amount it means to be able to "comfortably lose". Basically, even if you are able to pay your bills and still have a 6-month emergency fund, if you are losing sleep over what you have invested or if it's occupying an uncomfortable amount of your time and thoughts, you probably have invested more than you can comfortably afford to lose. It's not just what you can afford to lose and still live just about sustenance level, it's what you can afford to lose and not feel angry, emotional, or mad about it. + +&nbsp; + +### Responsibly Investing In Crypto + +I am a strong believer in the technological and societal impact that cryptocurrencies and other decentralized data and processing projects can have in the future. However, I am also very cautious about my crypto investments because I also have personal experience from the dotcom bubble era to know that volatility is normal for new and emerging technology. There will some big winners, but also the majority of projects and companies related to crypto will fail. Be prepared for failure, but also put yourself in a position for taking advantage of opportunities when they come along without risking too much. + +&nbsp; + +### Exceptions + +Now, I do understand, some people may not be able to get a median level job. Some have been born into systemic disadvantages, family situations, or other extenuating circumstances that make it very difficult to even get to median level. For people in these kinds of situations, the best advice I have to give is to just keep building your skillset and your experience. Also keep networking and making connections. In my experience, many of the best opportunities come about from knowing the right people, and the more people you know the better your chances of one of them being the right person at the right time. You don't have to set the bar too high, just set it somewhere you can realistically aim for and keep building on that. + +Lastly, I also recognize there are people that can get a median level job or better but don't want to be financially literate or disciplined. They want to chase the adrenaline of a big win, put it all on the line and try to get rich quick, be lucky, etc. You know what? If this is your choice, it's what makes you happy, and you are not hurting other people with your choices, I'm not one to tell you not to do it if that's what you want. Just know it's your choice, you could have done it a different way that would have virtually guaranteed you at least a certain level of financial security, and even if you "hit it big" there's also a good chance you might be continuing your bad habits of chasing the adrenaline rush and might lose everything if you never learn basic financial literacy and discipline. +So i tried to do some researches but I'm still confused about bonds. + +This is what I understood: + +\- bonds are promises of repaying back with interest, so i buy a bond for 1000$ with 3% interest with the duration of 1 year and I'll get 1030$ after one year. + +\- bonds are safer than stocks because you can't lose money on them + +but + +\- they can lose value if new bonds with higher interest are made, does this applies only to bonds etf or to actual bonds too? + +\- bonds should help during crisis because they are supposed to go up in value when stocks dip, this is why it's recommended to have a % of bonds in the portfolio. + +What i don't understand is, why are most of the bonds etf i saw, barely in positive or negative? And does is it really worth sacrificing 20% of my portfolio in bonds? During bull periods being it would make the portfolio lose \~20% of the gains, does the rise of value during bear periods offsets that? + +Looking at graphs of bonds etf it looks to me that I should only use them for money that i don't want risk in stocks, but don't want to keep in the bank either, but even then, they don't look that safe, take for example [ICOV](https://www.ishares.com/uk/individual/en/products/251842/ishares-euro-covered-bond-ucits-etf), other bonds etf had periods of about 1 year in which they were negative. + + +Am I missing something? + + +About me: + +\- 24 yo, europe + +\- student but should have part-time job + +\- i plan to invest most of the money i don't need in the following months but at the same time I don't want to risk them + + +Let's say my original plan was to invest 200 euros a month, but i can save 500 euros a month, of course i don't want to risk all the 500 euros, would it be safe to invest 200e in stocks/etfs and put the other 300 euros in bonds? + + +Is there any better plan for my money? + + +Thanks, I probably don't understand something really basic about bonds so feel free to correct me + +Just a little reminder: 3600 new coins brought into the market each day. That's around $2m USD per day. Everyday that we continue to experience a roughly flat exchange price, about $2m is actually being poured in. + +Couple that with the transaction volume quadrupling each year, and bitcoin is doing just fine, regardless of the exchange rate. Happy bitcoin days. +Yep. I said it. We know the conveyer belt. We know that Computershare gets the shares first, and by so doing, those shares receive the dividend before anyone else. If a broker is showing you your shares are split before Computershare, they're ~~Lying~~ FTDing your shares to you. This is why DRS even after the split IS THE ANSWER! DRS your shares. + +&#x200B; + +It's that simple. +Article is https://www.wsj.com/articles/as-dow-tops-25000-individual-investors-sit-it-out-1515099703. Interesting quote: + +"The Dow Jones Industrial Average closed above 25000 for the first time on Thursday, punctuating a record-setting period nearly unmatched in U.S. history. Yet throughout the nearly nine-year surge in share prices, individual investors have continued to yank money out of funds that own U.S. stocks. + +Nearly $1 trillion has been pulled from retail-investor mutual funds that target U.S. stocks since the start of 2012, according to EPFR Global, a fund-tracking firm. Over that same period through Wednesday, the S&P 500 soared 116% and, along with the Dow Industrials and Nasdaq Composite Index, rose to 190 all-time highs." + +The article interviews various people of all ages who have "sat out". . most/all are variations on "2008 was so bad that I am afraid to get back in". +Wondering what the thinking on Bitcoin is with regard to it's exchange rate against the dollar continuing to climb (currently around 1BTC=$210). + +Will it crash? Continue to climb? Love to hear peoples thinking on this. +I'm an international student currently studying in the US and I'm in my early twenties. I want to be more responsible about planning for the future. + +I currently have a debit card here but no credit card. I heard that building good credit is important especially in the US, but I'm pretty sure I don't want to stay here after graduation (I want to work in different countries, but not return to my home country just yet.) I also know that it's recommended to get into investing as early on as possible to get better returns. + +My question: which action should I prioritize right now? I don't think I want to do both at the same time, but both seem to be pretty important in terms of personal finances. + +Edit: clarifying about post-grad plans. Not sure where I want to go yet, but I'm not going to stay in the US nor return to my country in Southeast Asia. + +Edit: the title is slightly misleading. I'm planning to get a credit card AND invest, but didn't want to do both at the same exact time. I wanted to know which one I should prioritize first. Can't edit the title anymore, unfortunately. +What are my options? I need to put my money in an account that earns more in interest than my bank but that can be accessed within a couple days when need be. Have any suggestions? +I have an $11,000 car loan at 10.8% interest, if I were to make a payment of around 7000, would that take away a large portion of what I’d be paying to interest alone?? Not to financially savvy +Hello, I'm a 26m and I recently was handed a cashiers check with 260k written on it. I have not cashed it in yet so I am looking around to see what I should do with it. + +I do not want to put money into real estate at this time in my life so I think I should invest most of the money. + +I have an Ally savings account and a Wealthfront account which I am debating putting most of the money because it sounds like it is hands off investing. I am afraid of losing the money somehow! + +I have no debt currently and save 1500$ a month from my job. + +Where should the money go? Thank you to anyone who took a few seconds to read this! Ask any questions you would like! +Fiancée and I are graduating this spring. I’ve been offered a job estimating pay to be around 55k salary. Included will be gas allowance, bonuses for closings, and small other benefits. + +Rent for next 12 month lease is $1,175. We’re getting married July 1st. She’s doing grad school and will be working as well, but I want to try and support us as much as possible so she can pay for school and existing loans (I’ll graduate debt free, hers is only about 15-18k!) + +I would like to save for retirement, house, and new car (car is at least a year down the road before I even start looking) + +I’m not sure what post-tax salary will look like and I’m wondering if I will make enough to support her like 90% or so, only asking for her to cover small utility bills and some food so she can focus on her masters. + +Any advice and words of wisdom welcome! + +I am wanting to plan living costs off of salary so that any bonuses and allowance from work actually feel like bonuses and not checks I need to live off of + +Edit: Sorry! Forgot to mention no state income tax +So long story short I have a remote contract job with a Recruiting agency and when I signed up for it it said "full time role 40 hours a week" so I'm basically on call and available to the employer for those hours however some days they don't give me any work and so I feel I can't log in those hours and get paid for the gaps. + +And now I'm in this limbo because I need to get paid my full 40 or I wouldn't have taken the job and I fee like I'm on call for them and can't pick up another freelance job for the pay/hour gaps, what should I do, today is the day to submit timecards for approval and of course the recruiter isn't answering emails or phone calls. + Speaker of the House Nancy Pelosi recently added money to the REOF XX LLC. + +Congresstrading notes this LLC received $1.4 million in paycheck protection program (PPP) loans. + +One of the sectors hit hardest during the COVID-19 pandemic was hospitality, which included restaurants and hotels. A member of the U.S. Congress could be betting on the comeback of hotels with a recent investment in an LLC that owns hotels. + +What Happened: Speaker of the House Nancy Pelosi recently added money to the REOF XX LLC that she has previously put money into. + +As reported by Congresstrading on Twitter, Pelosi put $15,000 to $50,000 in the LLC on Aug. 24. The investment was reported today with a new filing. + +The filing said this is an additional investment in the LLC that acquired five Courtyard by Marriott hotels: Fairfax, Virginia (1 hotel); Baltimore, Maryland (2 hotels) and San Antonio, Texas (2 hotels). The Courtyard by Marriott hotels are franchised by Marriott International Inc + +Congresstrading noted that this LLC received $1.4 million in paycheck protection program (PPP) loans as part of the federal government’s program to help struggling businesses during the COVID-19 pandemic. The PPP loan was forgiven and used for payroll according to another source. + +Source: [https://www.benzinga.com/news/22/09/28816573/is-nancy-pelosi-betting-big-on-hotels-a-look-at-an-investment-the-speaker-of-the-house-made](https://www.benzinga.com/news/22/09/28816573/is-nancy-pelosi-betting-big-on-hotels-a-look-at-an-investment-the-speaker-of-the-house-made) +Visa, Microsoft, and Disney are my top 3 held companies but I haven’t bought any in months since I’ve been waiting for the price to go down except that....it’s been pretty much nothing but up for the three of them. Also looking for some advice on which of the three I should buy more of first when I get a chance. +Hello retards and degenerates, + +&#x200B; + +Congrats on holding the line above $320 today. + +&#x200B; + +As sad as it is, some of us would like to exit our GME position at some point in our lives. To strategize for this, I decided to do some quick math. + +&#x200B; + +As most of you degenerates know, VW temporarily became the most valuable company in the world in the great squeeze of '08. Well, why can the same not happen to GME? Surely, some will argue about the difference in the underlying financials between the two stocks. But to that, I ask, was VW ever shorted by 140%? Fuck no. + +Let's do some quick math. + +&#x200B; + +Apple is the worlds most valuable company, at $2.215T. + +GME has 69.75M shares outstanding + +For GME to become the world's most valuable company, each share should be worth at least: + +$2.215T / 69.75M = **$31,756 per share** + +&#x200B; + +Given the historical precedent of major squeezes becoming the world's most valuable company, I will be setting my limit value at **no less than $30,000 per share.** + +&#x200B; + +$1000 is not a meme. $5000 is not a meme. $10,000 is not a meme. and even $30,000 is not a meme. + +&#x200B; + +I'm not a financial advisor and I do not recommend you follow some blind retard hoping to change his family's life at the expense of these greedy fucks. All views are my own and again, I am retarded so do not follow my advice, I am simply explaining my own personal strategy. + +EDIT: Someone in the comments said they believe that some people are retarded enough to actually believe this DD. This is a shitpost and you are mentally unable to be helped if you believe this. +Others get this email just now as well? Particularly the second bullet within the email is alarming: + +Transaction-fee (TF) mutual funds fee. The fee for all TF mutual fund transactions placed online is now $20. + +So, if I sell $2000 of a mutual fund it will charge $20? Wasnt this transaction free beforehand? +Hi everyone, I am 24, graduated college during this last spring with a BS in biotech and have been working full time in the life science industry ever since. I have since learned that a full time, normal 9-5 job is just not for me and my SO and I have been trying to think of ways to eventually become FI. So now I am still working but it is getting painfully hard to go to work these days, i'm just flat not into it and dream of judt doing my own thing literally everyday all day. So, my question to you all is when and how did you take that initial plunge into the independent life? Did everyone think your crazy and how did things turn out? Thanks! +Lots of people consider(ed) BTC as a store of value because of its limited supply (somewhat) widespread acceptance. Those same people at first questioned (and a lot still do question) ETH's ability to become a store of value, especially because it has no cap at the moment and PoS is still in the theoretical/testing phases. In order to understand Ether's viability as a store of value and wealth, one must udnerstand the different between cost, price, and value. + + +**COST** + + +In order to obtain something, there is usually a cost that is incurred. This cost may include a monetary cost, time cost, or it may be an opportunity cost. In PoW, this cost is the cost of electricity combined with time and losing out on the opportunity to use that computing power for other things. The same is true for ETH. So there is a cost incurred in acquiring both ETH and BTC. The cost is not the same and is constantly flutuating, but there is a cost nonetheless, which makes ETH and BTC similar at this stage of the game. But if and when ETH moves on to a more efficient method of being mined out and validated, who do you think will have the edge in this metric? + + +**PRICE** + + +Price is something that a majority of the holders of BTC and ETH care about. Sure, we could say that the prestige of being a part of something that may one day become the next Google or Apple is nice, but by nature we care about the bottom line and how we're going to benefit from it. So naturally price is an imporant aspect. Because ETH's coin cap is currently not set in store like BTC and there are already 4 times more ETH mined out than BTC, many people assume that its price cannot/will not go up as quickly as BTC, if at all. There could be a million examples used to prove why that's wrong. + +Because of my background in finance, lets use stocks as the example to disprove this fallacy. When a company has an Initial Public Offering (IPO), they have to determine how many shares they want to release to the public market and at what value. The percentage of the equity of the company that these publically traded shares represent will remain the same unless new shares are released into the market from a private buyer in the past or people within the company. However, sometimes price gets to a point where it is too expensive for the average joe to buy some shares, so companies will opt in to split the stock. Sometimes this divide the stock number and the stock price in half, in a quarter, in an eight, etc. Apple has done this 4 times. The first 3 times, they split the stock price/amount in 2. And recently, they did a 7:1 split. That means the amount of publically traded stock is 56 times higher now than it was during the IPO. Does that deter people from buying into it? Not at all. Apple has fluctuated back and forth between Shell as the largest company by market cap in the US. At the same time, Warren Buffet's company, Berkshire Hathaway, has a stock price of $211,600 as of today (3/12/16). One of the reasons why Buffet doesn't want to split his stock is for it to remain exclusive because each share holder has a spot in his annual shareholders convention. Despite Apple's price of $102, it is considered a blue chip stock and is held by a large majority of hedge funds and banks because of its stability and ability to grow. I would go so far as to say that companies don't really care about price of any stock or the amount that is available to the public. They care more about the ability for the company to perform and outperform. + +Another example, perhaps one that will closely resonate with BTC holders is gold and gold contracts. Even before trading and investing was computerized, brokers and companies traded gold contracts. With the exception of countries purchasing and selling large stockpiles of gold to each other, physical gold was rarely exchanged. Nowadays with insurance comapnies are making it possible for huge amounts of leverage to be given to banks and hedge funds - and that leverage is passed on to the retail trader. Assuming that there is a billion tons of gold in known existence (just a made up number), the leverage that these banks are given can translate into 10 billion tons of gold that is available to trade between retail traders and other financial institutions. Most of the people who buy and hold gold are actually just holding these virtual notes. It's very plausible that the amount of gold that is being held by individual people (not banks) in contracts is more than the actual number of gold available. So in actuality, even gold holders aren't actually holding gold, they're holding the IDEA of gold. + + +**VALUE** + + +And finally, for value. Value is subjective, not objective. Monetary cost is objective - you can calculate how much it takes to mine out X amount of BTC or ETH and how much it will cost for you to secure it (on a harddrive, security box, flash drive, laptop, etc). Price is also objective - you know how much it will cost you to buy it on the exchange or on the street. Value, on the other hand, is misunderstood. The value that I place on ETH is not the same value that a BTC maximalist will place on ETH because there is a difference in belief of potential. That's what value investing is: potential and hoping that the security will last long enough for that potential to be realized. + +Amazon and Netflix are perfect examples of this value. Both companies, although they are multi-billion dollar companies, are constantly teetering between being proftiable and unprofitable. Their profits per quarter are in the millions, while their revenue is in the billions. The reason why they have an enormous market cap is because they are re-investing their profits back into the company and expanding as fast as they can, killing off potential competitors before they get too big and cornering markets all over the world. After they achieve their target, they can start to maximize profits and that's when the true value of the company will be realized. Sure, a lot can happen along the way. Netflix could end up like Redbox or Blockbuster. Alibaba could evolve and crush Amazon, or Jet.com's dropshipping model could prove to be more effective than Amazon's inhouse multi-channel distrubution business plan. But the banks are betting against that happening in the near future with their money by buying up their stocks. + +So what about the perceived value of ETH and BTC? Look at the price of BTC in the last 5 years, 3 years, 1 year, 6 months, 3 months, and 1 month. In addition to it, look at the atmosphere that it has had around it during the same periods. The overall sentiment started off as pessimistic, moved to netural, then extremely bullish, then back to pessimistic, neutral, slightly bullish, and now it's neutral/pessimistic. Where's the value in that? Even if BTC managed to stay pinned to $400 for 12 months, would you want to hold it for the next year? The next 5 years? If you're in this subreddit, chances are that you're seeing more value in ETH than BTC over the next year and 5 years. + +As more companies and programmers are starting to shy away from BTC, the hopeful sentiment towards BTC is waning. BTC isn't a store of value anymore. It doesn't have a bright future with the current sentiment. Maybe it will co-exist with ETH and will have a price of 200-400 for the next 5 years, but it certaintly won't have the same optimism that ETH has gained in the last few months. + +The people who got into BTC within the last year are hopeful because they have to be. They finally convinced themselves that BTC is a good investment. It might be the future. It might change the world. That's how I felt when I started scaling into it. The reason why I'm here now instead of the Bitcoin forums is because I know when to cut my losses and move on to something better. If by some crazy chance BTC doubles in price during the same period that ETH increases tenfold, which one has the better perceived value? + +Investors don't buy into something that has a lot of risk and a stable price. That's idiotic. At the present moment BTC carries as much risk as ETH. Every day the risk for BTC increases and the risk for ETH decereses. At the same time, the average price for BTC is starting to plateau while ETH is making higher and higher bottoms. + + + + + +**P.S.** Within the next 12 months ETH will overtake BTC's market cap. Either ETH will begin to cannibalize BTC's market cap and it will be roughly 5B for ETH and 4B for BTC, or BTC will stay around 6-7B and ETH will climb to those ranks. Don't be fooled into believing that BTC's future is still bright and ETH doesn't have a chance to become the industry standard within a year or two. +Remember most Chinese exchanges and bitFlyer (JP) don't trade ETH yet, even some are confused by ethereum-troll-chain (ETC) thanks to Chandler Goo, Barry Shillbert, and Bobby Lee's litecoin bias (his brother is the creator of LTC), but exchanges can't ignore the opportunity costs in trading fees for much longer or other players will go in and eat their lunch by offering ETH/CNY. + +So, that's why I don't worry about buying ETH at $20, or $30 or even $40 when the time comes if the Asian markets haven't jumped in; when they do we'll see some crazy stuff, not to mention: https://np.reddit.com/r/ethtrader/comments/5vraur/so_what_makes_eth_a_good_investment/ + +Also ETH's trading volume is 1/3 of BTC's but the market cap is around only 1/10, that means ETH is very coiled up and ready to rocket with its stronger than ever fundamentals. + +See: +http://coinmarketcap.com/currencies/bitcoin/#markets +I understand that everyone likes to get donuts for participating in the life of our subreddit and this is normal. But I'm sick of people who came here solely to farm karma. It seems to me that they mostly migrate to our sub from r/CryptoCurrency. These guys don't shy away from doing everything to earn a few extra karma points. Content theft, spam with meaningless comments, etc + +Here, for example, is one such dude who just literally steals the text of other people's posts passing them off as his own and is not shy at all: + +His post: +https://www.reddit.com/r/ethtrader/comments/p0gh3v/you_hear_about_the_kid_who_put_in_500_into_a/ + +Original: +https://www.reddit.com/r/CryptoCurrency/comments/n7rl2y/you_hear_about_the_kid_who_put_in_500_into_a/ + +His post: +https://www.reddit.com/r/ethtrader/comments/p0xupc/your_20_crypto_investment_is_great_dont_get/ + +Original: +https://www.reddit.com/r/CryptoCurrency/comments/nr2v11/your_20_crypto_investment_is_great_dont_get/ + +His post: +https://www.reddit.com/r/ethtrader/comments/p1hs46/one_day_youll_read_this_quote_by_vitalik_buterin/ + +Original: +https://www.reddit.com/r/CryptoCurrency/comments/p13v0w/one_day_youll_read_this_quote_by_vitalik_buterin/ + +His post: +https://www.reddit.com/r/ethtrader/comments/p12cpc/does_anyone_else_remember_when_crypto_was_only/ + +Original: +https://www.reddit.com/r/CryptoCurrency/comments/p11l1i/does_anyone_else_remember_when_crypto_was_only/ + +His post: +https://www.reddit.com/r/ethtrader/comments/p1jven/do_not_flex_your_crypto_gains_stay_safe/ + +Original: +https://www.reddit.com/r/CryptoCurrency/comments/p1cv78/do_not_flex_your_crypto_gains_stay_safe/ + +His post: +https://www.reddit.com/r/ethtrader/comments/p1imcj/a_friendly_reminder_to_not_check_your_portfolio/ + +Original: +https://www.reddit.com/r/CryptoCurrency/comments/p1evbg/a_friendly_reminder_to_not_check_your_portfolio/ + +And these are only those cases where I was able to quickly find the original. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +This is just getting started, but I hope it evolves into a good resource for people who don't have a lot going on to find ways to move up in the world! +If I look at QYLD on TD Ameritrade, it says there is a yield of $2.85 per share with a yield of ~13% at current share price of $21.85. But then when you look at monthly dividends it says $0.4993 per share. $0.4993 * 12 months is $5.99 annually which is ~27% yield for each share. What am I missing here? I’m sure it’s something stupid but can someone help? Thank you! +Hey All + +Long time member, love the info here, but i am struggling to understand the issues every time someone mentions an ETFs expense ratio. + +How exactly does this effect it, as in, how this directly effects us, the investor. + +Example. I hold 100 shares of HNDL. Averaging about 1% growth and 7% div yield. + +A lot of folks seem to say to avoid HNDL because of the expense ratio (0.97%). + +How and where does that effect the investor? + +Please feel free to explain this is a 5 year old, maybe i will understand it better. :) + +Thanks +Sorry for the upcoming wall of text. So my goal is to become financially independent in 15 years. I currently am invested mostly in individual stocks but I want to start investing a significant portion of my future contributions to ETFs to diversify and be more risk averse. + +I am looking to get into about 5 or so ETFs. I want mostly growth and dividend growth ETFs. Please let me know if my thought process is wrong here but since I do not plan to retire soon I can increase my overall portfolio value faster with growth stocks, then literate and invest in dividend stocks closer to retirement. Is that line of thinking okay? + +I would like the ETFs to have exposure to tech, semiconductors, and S&P 500. I might also want some exposure to blue chip international stock as well. But my focus is dividend growth and growth. + +Does anyone here have similar criteria and can suggest a few good ETFs? + +Thank you +EDIT: Something I should clarify is that **this post is not meant to "solve" the Trad vs Roth decision.** There are numerous complications and caveats to this decision, including the complexity of Social Security withdrawals, the ability for Roth accounts to hold more tax-advantaged dollars, RMDs, and the effect of Trad withdrawals on retirement costs like ACA insurance or Medicare Part B. In short, this analysis is simply saying that **to the extent that tax rates are a consideration in the Trad vs Roth decision, it's important to consider marginal rates on both sides.** + +**** + +This post is essentially about why considering marginal tax rates (your marginal rate now vs future marginal rate in retirement) is preferred compared to using marginal-effective rates (your marginal rate now vs your effective, or average, rate in retirement) when deciding whether to save your next dollar in Trad or Roth. + +I'm posting this as a top-level post for a few reasons: + +1. There is sufficient controversy and confusion on this topic, and I feel there is benefit to a more detailed discussion with focused back and forth. +2. There are currently no detailed worked examples on the /r/personalfinance wiki or on the [Bogleheads wiki](https://www.bogleheads.org/wiki/Traditional_versus_Roth#Common_misconceptions) about this misconception. +3. Ideally, the body of this post (and more importantly, the resulting discussion) will be linkable for future daily discussion posts. I occasionally link new commenters in the daily to the [Effective Altruism and FIRE](https://www.reddit.com/r/financialindependence/comments/emdqbe/effective_altruism_and_fire/) post I made from a few months back when they have questions about how others think about charity and FIRE. I'm hoping that if this generates good discussion on both sides of the debate the link will serve as a good reference for new commenters in future daily threads. + +**** + +First, some brief assumptions and definitions. + +* For the purposes of this post, "Trad" is shorthand for Traditional retirement account, which is pre-tax contributions that are taxed at ordinary income rates on withdrawal. "Roth" refers to post-tax contributions that are tax free on withdrawal. This post does not deal with regular "taxable" brokerage accounts, that are made with post-tax contributions with withdrawals potentially subject to favorable long-term capitals gains tax rates. In short, the discussion of Trad vs Roth is entirely about the tax-advantaged accounts, with no mention of taxable brokerage accounts. + +* Assuming equal and flat tax rates, there is no specific advantage to being taxed now vs later: + + * Saver makes 10k gross. Saves it all in Trad, where it quadruples to 40k. Withdraws it all and is subject to 20% tax (8k) and pockets 32k. + * Saver makes 10k gross, and instead chooses Roth and has it taxed 20% up front (2k) and saves 8k. It then quadruples to 32k, which is withdrawn tax free. The take-home is the same as the Trad case. + +* In a vacuum, the saver prefers a lower tax rate. If taxes are higher now than in retirement, the saver prefers to avoid tax now and pay it later at the lower rate (Trad). If taxes are lower now than in retirement, the saver prefers to pay tax now and avoid it later (Roth). + +* Your marginal rate is the tax rate that will be taken out of your next dollar earned. If a singleton makes 75k gross and only take the standard deduction, they are in the 22% federal bracket. If they earn an additional dollar, that dollar is taxed at 22% and they take home 78 cents. If they earn 10k more, they take home 7.8k. + +* Your effective (aka average) rate is the total tax paid over the gross income earned. A singleton making 75k gross in 2019 is taxed $9675, or an effective rate of 12.9%. + +**** + +Now, a worked example of how the US federal tax works, because it is progressive and not flat. First, the standard deduction is essentially 12.2k that is subtracted from gross income and excluded from taxation. This basically makes it the 0% bracket. Here are the 2019 tax brackets for a singleton, treating the standard deduction as the 0% bracket for simplicity and clarity: + +2019 Marginal Tax Rate | Income +-------------|------ +0% | $0-$12,200 +10% | $12,201 - $21,900 +12% | $21,901 - $51,675 +22% | $51,676 - $96,400 +24% | $96,401 - $172,925 + +In the section above, I said + +> A singleton making 75k gross in 2019 is taxed $9675, or an effective rate of 12.9%. + +Here's how that math works out: + +* First 12.2k is taxed at 0%: $0 tax +* Next 9700 (21900-12200) is taxed at 10%: $970 tax +* Next 29775 is taxed at 12%: $3573 tax +* Last 23325 is taxed at 22%: $5131.50 tax +* Sum total: $9674.50 (rounds up to $9675) + +**** + +Now let's assume this young singleton is in their first real job, making 75k and trying to figure out whether they should use a Trad or Roth 401k at work. Here's how they think about their problem in effective vs marginal comparison paradigms: + +* My marginal rate now is 22%, and if I target retirement on 75k my effective rate will be 12.9%. Thus, I should save in Trad. +* My marginal rate now is 22%. Each dollar I save right now goes into the very "bottom" of my retirement withdrawals, since my retirement account is currently empty. As a result, my current marginal rate in retirement is 0% (standard deduction). Thus, I should save in Trad. + +There's a very important bit of logic in the marginal-marginal comparison, and that's the fact that the marginal-marginal comparison is time and account size dependent. + +Let's say the saver has $0 in retirement savings and earns 75k. They put 20k into a Trad accounts this year. This quadruples to 80k and they withdraw 4% for every year of retirement (3.2k). Every year that they withdraw 3.2k in retirement, all 3.2k is taxed at 0% because it's all in the standard deduction. Thus, every dollar of that first 20k (and each growth dollar that resulted) is taxed at 0%. However, all 20k that was saved back in 2019 avoided a 22% marginal tax. + +Let's say the saver has 1.875M in retirement savings several decades later and is still making 75k. Here's the marginal-effective vs marginal-marginal thought process: + +* My marginal rate now is 22%. A portfolio of 1.875M supports spending of 75k on a 4% withdrawal. The effective rate will be 12.9%. Thus, I should save in Trad. +* My marginal rate now is 22%. A portfolio of 1.875M supports spending of 75k on a 4% withdrawal. The marginal rate will be 22%. Thus, there is no specific tax advantage to being taxed now vs later. + +So the portfolio size has changed the thinking for the marginal-marginal rationale but not the marginal-effective rationale. + +Let's take it a step further and add a 40k/yr pension to this lucky retiree. They're sitting on a nice nest egg of 1.875M that supports withdrawing 75k each year and they're going to get a 40k pension each year. They're loving the fact that they're fatFIRE, and are willing to work a few more years before pulling the plug because they want to be super confident they can truly live it up. Should they save in Trad or Roth? + +* My marginal rate now is 22% (75k income). My portfolio plus pension means I will withdraw 115k in retirement, which is a 16.4% effective rate. Thus, I should save in Trad. +* My marginal rate now is 22%. My portfolio plus pension means I will withdraw 115k in retirement, which is in the 24% bracket. Thus, I should save in Roth. + +The *crucial* difference here is that regardless of what the saver does, they are already going to be withdrawing 115k in retirement. This means their marginal tax rate in retirement is already in the 24% bracket. + +The dollars saved this year have two potential fates: + +* Trad: Avoid a 22% tax (the marginal rate on the 75k earned), but because the money saved sits on top of a 115k withdrawal, every dollar saved that avoided a 22% tax is instead withdrawn at the higher margin, or 24%. You lose 2% in this scenario. +* Roth: Pay the 22% tax. But now, you can withdraw those extra saved dollars on top of the 115k withdrawal tax free, avoiding 24% tax. You save 2% in this scenario. + +The saver who only considers their marginal rate now (22%) and the "effective" rate of a 115k withdrawal (16.4%) comes to the erroneous conclusion that they should keep saving in Trad, even though it's losing them at least 2% on the taxes every year going forward. + +**** + +Summary + +* Marginal tax rates are the more powerful, flexible, and accurate way to assess whether to use Trad or Roth. +* Using marginal tax rates means you need to pay attention to your future tax basis, specifically how large your Trad (or other taxable income streams) will be in retirement. + +The examples above are contrived to show a point. But the point remains that the marginal-marginal logic will lead to the correct conclusion regardless of the current income, nest egg size, target FI number, pensions, etc. For the vast majority of early retirees, Trad accounts are preferred *NOT* because effective tax rates are so low, but because Trad account withdrawals are low relative to the marginal rate at which they were saved. In effect, it takes many years of saving to "fill up" the marginal brackets to get to where you were in peak earning years. + +**Most importantly,** the marginal-marginal logic remains useful and accurate even once your Trad (or other taxable income streams) gets quite large the Trad and Roth become more of a wash. The marginal-effective logic breaks down once the Trad account gets big, because you erroneously conclude that your "effective" rate in retirement is still quite low, leading you to oversave in Trad when you probably should have switched to Roth. + +**** + +EDIT2: Mentioned the definitions of Trad and Roth, as there has been some confusion in the comments. +I'm approaching a fatFIRE date and amount rather quickly, but I've noticed some thoughts popping up. 37yrs old, \~$450k/year joint, $3m net worth, odds are looking like I'm probably going to get a $10m exit in the next year or so. Probably stand to inherit $30-$35m depending on taxes... but hopefully many years in the future! + + +When I was young, I always felt like I had to do better for my kids than my parents did for me. Every prior generation had been doing that, so what a schmuck would I be to get all these privileges/advantages and leave my descendants worse-off. My parents got exponentially wealthier so that bar raised over time. It took me many, many years to get comfortable with the fact that the bar might be so high that even if I do extremely well, it might be unrealistic for me to ever hit that - and would it really be worth it? I probably only became okay with it a few years ago that fatFIRE is something that would make sense for me. + + +...now though, with my exit looming on the horizon, I've noticed that I'm actually going to be very much in the ballpark that I would only need 1 more exit to catch up (and my current gig would make it easy to get a job that puts me in a really good spot for that). Probably 5-10yrs more of work. + +Also, I might not be able to live up to my previous generation's accomplishments, but I only have 2 kids - and I have the inheritance, so in theory I could be "generationally neutral" (give my kids what I got) by just making my own net worth equal to what the inheritance would be (eg: $35m to one kid, $35m to the other, just like I will have gotten). I definitely don't \_need\_ to do that to have the money we need for a safe & happy lifestyle, but I'm trying to figure out if my brain is going to let me retire & be happy, or if I'll be unable to really enjoy it without going back to work. + +This is important insight to have because we'll likely move & we'd move to a different place to just retire & raise kids than if we wanted to do another startup & raise kids :). + + +Very rambly background, but **I'm curious if other heirs have gone through this... especially if you** ***did*** **retire, were you happy/satisfied or did you find yourself un-retiring to make yourself more successful?** +[https://markets.businessinsider.com/news/stocks/tesla-stock-price-rally-short-sellers-cost-billion-year-lost-2020-7-1029384322#](https://markets.businessinsider.com/news/stocks/tesla-stock-price-rally-short-sellers-cost-billion-year-lost-2020-7-1029384322#) + +The markets a brutal place! +* They require three years of tax returns, bank statements to get approved +* Do not have a pre\-approval, basically submit the property and your personal information in one go +* Takes one week to assess the deal. Commercial deals often incorporate a two week review period where you can walk away if your bank does not like the numbers. +* 60 days close +* Current rates are 4.85 to 5.15 depending on the fixed rate duration +* 30 year amortization, 5/7/10 year loans \(means you have to refinance after max 10 years\) +* Prepayment penalty until year 5 of 10 year loans +* Non\-lender closing cost higher than SFH. Expect $3k for appraisal and several k more for possible additional inspections +* Require three years "stability" \(evidence the property can be rented out profitably\) +* Require 1.25&#37; debt service coverage ratio +* up to 75&#37; LTV +* "0\-1&#37; origination fee". Big red flag here, they only disclose all the lender fees after you make offer and they come back with a fact sheet +* They did not have a hard lower loan size limit + +Looks like they are playing it pretty safe with 1.25&#37; debt service coverage ratio, 75&#37; LTV and three years stability. Loan rates are not that great of a deal given they are only 10 years fixed, but that's going to be the same everywhere + +They said they would be a little flexible on these requirements depending on the property \(they were more interested in Seattle area than central WA for example\) + +I am in WA state + +See [https://apartmentloanstore.com/loan\-product/apartment\-loan\-rates](https://apartmentloanstore.com/loan-product/apartment-loan-rates) for fanny mae/freddie mac loan attributes \(pretty similar, up to 80&#37; LTV\) + +No affiliation with site and do not plan to use them +Hi all, + +I've been fortunate to have a few RE investments go my way. Now with considerable capital gains tied to investment properties: + +1) How do you balance your direct RE exposure across your total asset allocation? + +2) How will you eventually monetize your active investments in a tax-efficient manner (if you want to retire early and have access to those proceeds)? + +I am fully aware of 1031 exchange (and section 121 exclusion), but 1031 is a tax deferral strategy and not necessarily an end goal tax-minimizing strategy (unless you die and transfer property to heirs). RE investment property has been good to me and I want to do more, but am wary of trapping money. Is the simple solution to just bite bullet and pay the tax man LTCG tax when you are in a low tax bracket? +I put my feet to the fire and bought my first property.. Now I'm hungry for more. but I don't have the capital that I used to have. So I'm looking into growing my portfolio with single family / multifamily homes ranging in the 40-60k range. Ive read a lot about the BRRRR strategy which involves gettting a house under market value with some cosmetic issues.. remodeling it and then taking out a cash out refi loan assuming you will get a good margin for the new value of the house after remodeling. now with this money, on to your next house!! It seems like a great plan but I have some questions!! + +1. most banks/ credit unions are telling me I have to wait a minimum of 6 months after closing before I can get a cash out refi.. They say its a federal standard.. Is this true? is there any way around this?? I mean I want to get the cash back out as soon as Im done remodeling and move on to the next house. + +2. Wouldn't A HELOC also work for this strategy? if so.. which would be better? and what really is the difference? + +3. Ok so with this strategy lets say I get a house for 100k sink 20k on down deposit and 10k in renovations and now 2 months later its worth 150K. I get a cash out refi for 135K. So now clearly my monthly payments will be higher now that Ive gone from a 100k mortage to a 135K mortgage. and if I do HELOC it will just be another bill to pay aswell.. This obviously has to be taken into account when doing this strategy right? I mean thats why they say find a house that generates 2% purchase price... Or is it 2% the refinance price? which would make more sense? + +cheers reddit! + +&#x200B; + +&#x200B; +New investor here. 1st post on Reddit. + +Downloaded a really neat Excel sheet online 2 years ago to run in-depth deal analysis for MFHs which I see as candidates for a 3.5% FHA mortgage loan. My initial filter is the 1% Rule and a GRM test (<=8 in today's market): if passed I then move to software. + +Seems this spreadsheet has some bugs that users have corrected and the author is MIA via email and Disqus for my questions. + +Alas I must seek out software with better support. REI has large risks on its own and this is not counting software bugs. + +Could you recommend a tried-and-true spreadsheet or software or free website to run analysis on rental income-based MFH properties? + +My requirements are: + +1) Inputs and outputs must be exportable (print to pdf), + +2) Show if 1% and 2% rules are satisfied, + +3) Show GRM ratio, + +4) Show net monthly income (gross income - expenses), + +5) Itemized input of monthly expenses (PITI, etc), + +6) Forecasting of morthage payoff as an accumulation by year or month, + +7) Forecasting of property appreciation by month or year, + +8) ROI % and COC % or another profit efficiency metric calculation, + +9) Connection to web to pull local data (such as rents). + +Thanks in advance, everyone! + +PS: Spreadsheet: http://finomad.com/post/2018/4_21-ultimate-spreadsheet/ + +PPS: See hidden tab "rents". In it are 4 variants of a formula which pulls rent comps from RentData.com. RentData must have changed up its coding so that the Excel code is no longer compatible with it and doesn't pull as it should. Please recommend how to mod this code and/or use a better source site for this type of data within this excel sheet. + +PPPS: Does anyone know what the "RiskSolver" (Sheet1) tab's function is? It refers to Sheet2 to no avail. + +PPPPS: Does anyone know the author? His handle is "joeldg" on Disqus forum network. +We sold finally and are trying to go through the mortgage process to start looking for another property. I am wondering if being considered a 1st time buyer would be a positive thing, and if I even qualify. +Why are decentralized exchanges not used that much? +Fee's should be smaller longterm right ? +And it should be more safe as well. + +So what's the point what they are still lacking behind ? + +https://etherdelta.github.io for example seems to be quite slow for me, is this any true ? +And what is the difference between etherdelta and EtherEX? + + + + +I've read it on this subreddit (and other subs) over a hundred times: +When will ether-prices rise again? Why is ether falling and/or stagnating? When the maniac will happen? + +. + +For most eth-investors this are understandable questions, but let me tell you, why such a development would be actually harm the coin more than a stagnation or fall ever could. +Sure you want to cash out, when the price is high and buy the dip, but this kind of traders-behaviour deters ether(eum) to become interesting for the wide mass, the consumers and the merchants. Who wants to trade coins for goods, if the coin may be "worthless" the next day? + +. + +So if you want etherum to become mainstream, adapted by merchants and online-services AND have a lasting, slowly rising price: HOLD your Coins, stagnation of the price is the best thing that could happen to it, and even falling prices, which only shake off the weak hands and picky investors, won't harm it in a long run. + +. + +It is hard to see your money burn in the dip, and it is compelling to sell at an ATH, but we all here want one thing more than a quick buck: etherum and other cc heralding the start of the next, better and long lasting era. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +* **HP’s cost-cutting gesture comes three years after it reduced headcount by up to 9,000.** +* **The company reported weakness in commercial and consumer PC sales during the quarter that ended Oct. 31.** +* **HP also issued light earnings guidance for the new 2023 fiscal year.** + +Computer maker HP Inc. said Tuesday that it plans to cut 4,000 to 6,000 employees over the next three years. Shares rose as much as 1% in extended trading following the announcement. + +HP is the latest technology company to announce its intent to slim down given economic challenges. Facebook parent Meta, Microsoft and Salesforce are among those that have made similar changes. HP is responding after a deterioration in the sales of computers, which followed brought on by the Covid pandemic, where people rushed to buy computers to work and play from their homes. + +In a statement, HP said it expects the changes to result in annualized gross run rate savings of at least $1.4 billion in the next three years, with around $1 billion in costs including restructuring. Of that $1 billion, $600 million will come in the fiscal 2023 fiscal year, which ends Oct. 31, 2023. The rest will be split evenly between the 2024 and 2025 fiscal years, HP said. + +As of October 2021, HP had around 51,000 employees. In 2019 HP announced that it would eliminate between 7,000 and 9,000 employees. + +HP said revenue in the fiscal fourth quarter, which ended on Oct. 31, declined 0.8% year over year to $14.80 billion. Revenue in the Personal Systems segment, which includes PCs, fell 13% to $10.3 billion, as units dropped 21%. Consumer revenue in the segment slid 25%. Printing revenue, at $4.5 billion, was down 7%, as units fell 3%. + +In the previous quarter, Personal Systems revenue declined 3%, and Printing revenue moved down 6%. + +Also on Tuesday HP announced downbeat earnings guidance. + +The company provided a range of adjusted fiscal first quarter earnings from 70 cents to 80 cents per share, below the consensus of 86 cents among analysts polled by Refinitiv. + +For the 2023 fiscal year, HP called for $3.20 to $3.60 in adjusted earnings per share, below the Refinitiv consensus of $3.62 per share. + +&#x200B; + +Source: [https://www.cnbc.com/2022/11/22/hp-laying-off-4000-6000-employees-globally-over-the-next-three-years.html](https://www.cnbc.com/2022/11/22/hp-laying-off-4000-6000-employees-globally-over-the-next-three-years.html) +18 y/o and I've just finished my first year of uni. I've been in this sub since the start of the year and I've used everyone's great advice to really grow my savings through etfs and some good breaks in the sharemarket. + +From just $200 when I left high school to over 7k in an etf and some 5k in an emergency savings account. + +I'm a rather skinny guy and after years of heckling from my parents, I've decided to try and bulk up, by getting a gym membership and eating a lot more than usual. + +I do so his by buying lunch or dinner almost every day and usually buying fast food, for it's high calorie intake. I've noticed this has lead to a creep up if my expenses but now I realise that generally, I've been spending quite a bit on things like shoes and clothes as well, and it just doesn't seem to end. + +As I'm only an income of about $350 a week, I save about 2/3 of it. I don't think I have a problem with saving, I just can't spend effectively. + +I was wondering if anyone had any tips to increase my meals/food intake while keep costs manageable and just some general tips on spending less. + +TLDR: how do I spend less on food and consumer purchases. +Hi everyone, + +I have been selling covered calls on some stocks that I have a low cost basis in, primarily TSLA and V. I generally sell roughly 45 DTE and have targeted a low delta on TSLA, roughly 10 or below since I would prefer it not get called and do the normal 30 delta on Visa. So far no issues with this strategy. + +While browsing Reddit a few months ago, I came across this graph in another post showing the [Option Premium Time Decay](https://preview.redd.it/s3hl0wekv5p51.png?width=586&format=png&auto=webp&s=68e42cee750063a6932f96c151a8fb779f292467) +with curves for OTM, ATM and ITM. + +Looking at the chart with my eyeballs only, it seems for OTM options the steepest part of the curve is between roughly 75 and 45 days. After that, it decelerates quite heavily. If we are targeting max theta decay, why are many people, including me, selling OTM options at 45 days when the steepest part of the curve has already passed? + +Would we be better off selling options 75 days out and then closing after about a month? + +Are there some risks (besides time) or mechanics that I am not grasping here? + +Thanks for the helpful discussion! +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +&#x200B; + +[Return month to date](https://preview.redd.it/7n9wr4b6gfq61.png?width=890&format=png&auto=webp&s=6ca1e7c8ea04a840b62e0341d8c96f5647cd18e6) + +&#x200B; + +&#x200B; + +[return year to date](https://preview.redd.it/puy9c25egfq61.png?width=894&format=png&auto=webp&s=e290be611399913fd10dee22b1c53ada8d0de378) + +Account is in euros so roughly 50k $ + +Hey everyone + +This is roughly 10% of my available funds, rest is in a buy and hold portfolio. I am willing to take a bit of risk and figure this out as I go along, if it works out well within a year I'll probably add more to the account. + +**Philosophy** + +The market provides the upside potential, I must provide the downside protection. Risk management is key, especially confidence on red days as well. Is the position still valid? Should I rather close? Roll? Did I enter due to (stupid) greed? Would I enter the position if I wasn't already invested? Cut losses early and move on. + +**General Approach** + +Currently I want to keep it as simple as possible to get into the mechanics and add complexity later (especially those esoteric names of plays are still a mystery to me, jaded lizzard? reverse upside donkey punch.. ;)), thus I am selling CSPs (0 margin) exclusively. I also always BTC at 50% profit or I roll out and down (if the assumption hasn't changed) or BTC if I don't like the position anymore. I am not taking assignments currently, an idea for that would be to take them closer to the daily 200 EMA but not at all time highs, so technically I am not wheeling. + +I sell at the standard 30-45 DTE in highish IV stocks but certainly not ATM. I use IV to be able to sell further out at roughly 5-10% premium with nice support levels. Delta up to 35 but I look more at price movements etc + +**What did not work well?** + +* I thought of rolling out and down as kind of a magic wand where the position may turn in the right direction, didn't turn out the way with BB after earnings thus BTC with a loss and moved on. +* First trades were really far out and I sold it because premium looked good, only to find out the position didn't do anything for like 14 days (-> close and not doing that anymore) +* I sold CSPs on big green days because of FOMO this resulted in the dump in FEB which were all unrealized losses, the price almost always retracted and gave a much better entry + +**What am I still doing wrong and need to do better:** + +* Looking at liquidity of strikes and DTEs +* Looking at BID/ASK spread, I left some dollars on the floor because of that +* There is not a hard line when to cut losses although rolling down and/or out may reduce them with new premium depending on the context + +Tickers which worked well: + +* GME with strikes between 40-60 +* UPST +* CRSR +* MVIS +* PLTR +* NIO +* LAZR +* PACB +* MARA + +A sincere thank you to the whole sub and especially the users who were patient enough to answer my dumb questions. I think I read almost all posts in here and I definitely learned a ton (and still have to learn much) + +Conclusion: + +March felt a bit lucky, I need to diversify more, tickers and strategies. General goal would be 1-2% per month consistently. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +When I listen to tasty trade, they often talk about managing delta/having delta neutral strategies. + +While I understand delta, I'm confused wrt the execution. + +For example, if I sell a 30d put on AAPL, I'll be long 30d. And if I do that for another 2 stocks for eg, META & AMZN, I'll be long 90d in total. + +Now in order to "manage delta" does that mean I should sell some calls as well to make it delta neutral? When I sell the calls, should I sell against the same underlyings as my long delta or can I just use beta weighted delta against spy to hedge the delta? + +Also, the reason for this I presume is to not be directional and let theta do it's work? + +Appreciate all education. Thanks! +Been reading up on everybody's use of pmcc. In my "fun" account I generally do a lot of csps, put credit spreads, and call credit spreads. However, for my larger account I've slowly started shifting from doing the wheel to pmcc as I like the leverage. + +I have a running pmcc on these tickers: $jpm, $low, $mmm, $v, $vz. All are relatively low ivr and so (somewhat) predictable. My normal setup is to buy .8 delta on a red day for the underlying on the long call, ivr in the 18%-30% range, with a preference for 12 months in the future, e.g., April 2022 (today is April 2nd), for expiration or Jan 2022 if that isn't available. + +A few questions: + +**ivr** + +Sometimes I see people running pmcc on high ivr tickers. I don't understand why. What am I missing? I thought pmcc was more about generating profit off a stable underlying that was trending up. I'm not against high ivr tickers, and I sell puts and calls against them often, but I'm unclear why I would ever want to run a pmcc on it? Unlike the wheel, with a pmcc my thought is it's okay if my short is exercised but it's not preferred, while with the wheel it's not bad or good, being exercised "just is" when it happens. + +**high ivr example** + +$riot is one high ivr that I use a ton in my smaller account for csps, pcs, and ccs. I could pmcc it.. the Jan 2022 $37c LEAP .8 delta is $26.13 debit. Ignoring the fact that my numbers are all based on a red day, I could sell a May 21 $80c .28 delta for $3.70 credit. (Big assumptions inbound..) Closing at 50% every 3 weeks and using this cc as the baseline, that is $19 credit over 8 months against $26.13 in capital for a 73% return. That's.. insane of course and the high ivr is warning me that the ticker is just as likely to crash below my cost basis when I sneeze too hard. But I can see why people want to run a pmcc on it.. Are you doing pmcc on high ivr tickers like this? If so, is this just your "risk play" and you are fine with losing it all in return for the, well, return? + +**low ivr example** + +Comparing that to $spy, which is what I've started moving to vs, say, $mmm, I have a Jun 2022 $315c at $89 debit (underlying was $394.78 that day, so 10.3% of premium was extrinsic value). I sold a May 21 $409c for $4.47 credit and a 50% close is $2.23 total credit. Assuming we don't have a major reversal, then based on that my est total credits for the pmcc would be $42.37 for a 47.6% return. (Highly unlikely I think, but I'm going with a broad assumption for this post.) + +$**spy vs other underlyings** + +So.. why would I use anything other than $spy to pmcc? This recent post asks what to use for the underlying: [https://www.reddit.com/r/thetagang/comments/mhj1yn/picking\_underlying\_for\_pmccs/](https://www.reddit.com/r/thetagang/comments/mhj1yn/picking_underlying_for_pmccs/) + +Again, my legacy pmcc's are on stocks. But, I've start using $spy because it's so damn liquid and has so many darn expiration date options. That said, I am very open to missing something significant here. + +I do realize that spy may be too pricey for some. That's a real factor. Any other reasons? + +Also, I like that $spy is big -- s&p 500 -- which will swing but not nearly as much as a stock or even something sector-heavy like $qqq. + +Goal here is not to convince others to pmcc spy or even to pmcc. I'm looking for counterpoints to help me with confirmation basis mostly. +I use about 50% of my cash for wheeling, 1% for credit spreads, and the rest is in cash in case of a downturn in the market. I was thinking about parking my cash in QYLD which appears less volatile and for the dividend. Do any of you do something similar or just keep cash as a position? +Hi everyone, + +I have been selling covered calls on some stocks that I have a low cost basis in, primarily TSLA and V. I generally sell roughly 45 DTE and have targeted a low delta on TSLA, roughly 10 or below since I would prefer it not get called and do the normal 30 delta on Visa. So far no issues with this strategy. + +While browsing Reddit a few months ago, I came across this graph in another post showing the [Option Premium Time Decay](https://preview.redd.it/s3hl0wekv5p51.png?width=586&format=png&auto=webp&s=68e42cee750063a6932f96c151a8fb779f292467) +with curves for OTM, ATM and ITM. + +Looking at the chart with my eyeballs only, it seems for OTM options the steepest part of the curve is between roughly 75 and 45 days. After that, it decelerates quite heavily. If we are targeting max theta decay, why are many people, including me, selling OTM options at 45 days when the steepest part of the curve has already passed? + +Would we be better off selling options 75 days out and then closing after about a month? + +Are there some risks (besides time) or mechanics that I am not grasping here? + +Thanks for the helpful discussion! +Pre- split, you can sell a weekly 10 - 12 delta strange and get 700 to 800 premium....after split, I am getting barely 450 to 500, assuming selling 3 contracts. Same happened to Google and amzn.... These two are not worth trading post split. Feel like the gravy train is still running but coming to an end. +Hi All, + +My partner and I are beginning to look at buying a home in Brisbane for around 650K. I've done some research but would love wisdom of the crowds to help us make sure we are not fooling ourselves. This is our ceiling from my perspective and I wouldn't justify anything beyond this. I'm mindful that we could wind back some of our present expenses and could also consider a much cheaper place further out. I would love to get your thoughts/experiences! + +**Finances** + +* $200,000.00 combined annual income (before tax) +* $180,000.00 in savings +* $10,739.00 after tax per month +* $3,000 in monthly expenses (excluding rent, inclusive of utilities) + +**Target Home** + +From what I understand, this should mean: + +* $520,000.00 mortgage +* $130,000.00 deposit (20%) +* $20,000.00 in upfront costs (approx) +* $3,000 per month for mortgage, council rates, home and contents (assuming $600 per week mortgage) + +**Final figures** + +* $30K leftover (roughly 5-6 months of expenses) +* 27.6% cost of home +* 27.4% living expenses +* 45% savings rate, so 57K in savings per annum +He told me that the tax benefits of salary sacrifice aren't really effective until you can drop in to the next lowest tax bracket. But I thought we had progressive tax brackets, and that all that matters is the amount you choose to sacrifice. + +So my understanding is that if I sacrifice $5,000, my taxable income will be lowered from $77k to $72k (excepting things like concessional tax rates) and I'll pay $3,572 plus 32.5c for every dollar over $37k. But he told me there's no point tax-wise unless I can get down to the $37k bracket. + +Is he correct? For context, he works for the super fund my company uses so this was a free appointment. +Hi All, + +My partner and I are beginning to look at buying a home in Brisbane for around 650K. I've done some research but would love wisdom of the crowds to help us make sure we are not fooling ourselves. This is our ceiling from my perspective and I wouldn't justify anything beyond this. I'm mindful that we could wind back some of our present expenses and could also consider a much cheaper place further out. I would love to get your thoughts/experiences! + +**Finances** + +* $200,000.00 combined annual income (before tax) +* $180,000.00 in savings +* $10,739.00 after tax per month +* $3,000 in monthly expenses (excluding rent, inclusive of utilities) + +**Target Home** + +From what I understand, this should mean: + +* $520,000.00 mortgage +* $130,000.00 deposit (20%) +* $20,000.00 in upfront costs (approx) +* $3,000 per month for mortgage, council rates, home and contents (assuming $600 per week mortgage) + +**Final figures** + +* $30K leftover (roughly 5-6 months of expenses) +* 27.6% cost of home +* 27.4% living expenses +* 45% savings rate, so 57K in savings per annum +So I live in poverty, (preaching to the choir), I make about 1400 a month, and receive around 500 for child support. I have two kids, and my bills (survival:rent, electric, water, meds and insurance premiums) leave me with around 450 for groceries and incidentals. I’m usually able to stretch this to last all month by cooking from scratch and being very frugal. It’s tight at the end of the month, but it’s ok. + +I’m so used to struggling. I have student loans I can’t afford to pay monthly so my tax returns have always been applied to the debt. It’s chipping away at it fast, but I don’t get those awesome refund checks that help so many families. I’m down to owing less than 5,000 at this point, but I cannot go back to school. I’m disabled and my challenges are not compatible with trying to be a serious student and single parent. + +I was recently given approximately 20,000. +I’m scared. I’ve never had that much money, and I know it’s a chance to make some really big changes for my kids and I. It’s a lot of pressure and responsibility. + +I need help with decisions regarding what I should do. + +I need a car. I live in a very cold place and the kiddos and I have been walking everywhere through the snow, or riding the bus. Bus trips with little kids are difficult. Bus trips with sick little kids are really difficult, add in some groceries or stops to the pharmacy/doctor office/ect and it becomes really stressful and overwhelming for all of us. Ideally, I would be able to find something that would last 5-10 years for under 10,000. I’ve found a Ford Fiesta 2017 sedan with under 17,000 miles for 9,400. There is a warranty included, it’s from a large dealership and they do cash discounts. I’m really thinking this car would be safe, fuel efficient, fairly inexpensive to repair, decent on insurance costs and would definitely last for around 150,000 more miles. I live in a smaller town, and I would likely put approximately 250-350 miles on it a week, which would make it around 8ish years of use. Is this smart? + +My next idea is- maybe finishing paying off those student loans? I could not return to further my education and I have a disability that will only get worse. I will be unable to work eventually. I feel okay letting my “return” checks handle the debt, seeing as it still gets paid off and I would not get more benefit from paying it now. + +Next, and I know it’s fairly small but my local homeless shelter needs towels, and the domestic violence shelter that took myself and my kiddos in during the worst of times is in need of personal care items and baby clothes. I would like to donate 100 worth of towels to the homeless shelter, and 250 of items to the DV shelter. I know it’s small compared to everything else, but I don’t know what I would have done without the support we received from them. They gave us safety and gave me freedom. Two years ago I had a duffel bag with all of our belongings, today we have a 3br 2ba place we get to call our home. It’s modest by most standards, but it’s a dream come true for us and there isn’t a moment when I don’t feel extreme gratitude. + + +Lastly, I want to consider bankruptcy. I’ve been on my own since I was about 15, and because I was an uneducated and impulsive teenager, then twenty something I made dumb financial choices. I have payday loans, a few credit cards and more medical debt than I want to admit. My credit score is 585. I don’t have enough monthly surplus income to pay down debt the way I ideally would like to. If I have a good vehicle and I stay in my current home, I should not need a line of credit unless something completely crazy happens. Around me it looks like a simple bankruptcy runs about 1,800. + + + +I really don’t know what to do and how to best set my kids and I up for success. I’m unlikely to ever have this kind of money again and I realize how incredibly privileged I am to even have these worries. + + +Friends who are more informed, smarter and more creative, what are your ideas? +Hi there! + +Using a throwaway, but wanted to see if anyone here has gone through mental health issues getting to / crossing the finish line. + +At a bad spot in life and looking for anecdotes / guidance. + +28M, DINKs with 750K household income. (450K from wife now that I have lost my job) + +Started at the lowest level of the sales org at a hot startup out of college and worked crazy hard over the next couple years to get into an enterprise sales role by about 25. Flew through the ranks and crushed my numbers and was making money and life was great. + +However, I was diagnosed with pretty bad ADHD-C as a child, but was always in pretty good environments growing up that, with medication, was pretty manageable (high school, great college experience, first company worked with some of my best friends) with a great support system. Also have had a couple stints of soul crushing depression. + +However, basically since COVID, I have been getting my ass handed to me. With working from home and being out of the office, I have completely fallen apart. I feel like a shell of myself and have lost all my motivation/ aspirations. I got fired from my last job and just was fired from my most recent job. 2 firings in about 2 years. + +I haven’t felt like Tech sales is something I want to do long term, but the money has been too hard to walk away from. Now I can’t bring myself to do 1/10th of the work I used to. Working from home has been a disaster for my ADHD and depression and most days I have a hard time getting out of bed much less working to fix my situation. Haven’t been taking medication and just spend most of my day searching for small hits of dopamine and stay up until 2am and repeat the cycle. The isolation of WFH is terrible for me and I feel completely stuck and can’t imagine a life were I am successful again. It’s like I’m just watching days pass until something changes, but not actually doing anything to change. + +We were well on our way to FatFire as my wife is a physician, but I have been a major hinderance to our path. + +Has anyone here gone through some form of mental illness along the way or the quarter life crisis that it feels like im currently in? + +Thanks for any comments! +I’m 18, and have a secure, full time job earning around £1500 monthly after tax. I’m considering putting a £5000 deposit down on a 2018 Ford Fiesta ST-Line, with 48 monthly payments of £180 (HP Finance). I currently save around £500 per month, and if I decided to finance this car that would drop to me saving around £300 per month. All of my savings will likely go towards a mortgage in the coming years preferably before I’m 25. Is it smart to finance this car or should I focus on saving as much money as possible for the future? + +Edit: I spend about £210 on “bills” inc. paying keep(£150), phone bill(55) and car tax (13) +Hey there! Excited to share our journey towards FI. It’s been a crazy decade, and I want to thank everyone who have shared great information helping me on our journey. Repost from r/financialindependence. + +**Background:** + +* Parents never taught me about money or investing, although they were relatively frugal - we didn't have much money growing up +* Worked full time doing labor jobs since I was 15yo +* Graduated from university during recession (2009) +* Paid my own way through university (racked up **$180k** of student loan debt at around \~7%... ouch) +* Took a year of scrounging for side jobs during recession, and finally got a full time technology consulting role making $45k/year +* Got married soon after getting a career, wife worked full time making $55k/yr (more than me!) +* Wife had minimal student loans due to parents help +* We paid off debt aggressively (wish we had invested more instead lol) +* Maxed out our Roths each year b/c my gpa told me to (all target date fund, but have switched them to vti/vxus) +* Milestone: Became debt free about 5 years ago (WOOOO!!!) +* Grew my total comp to $200k in 2017 due to moving to new company, and wife went part time at her job (making $15k/yr) +* Started having kids (bowchickawow) +* Started to learn about investing 5 years ago (Bogleheads, JLCollins, Reddit subs, etc.) +* For the last 5 years we've maxed out 401k, Roths, and the rest has gone to brokerage (we have been investing about **$100k per year** since 2016). +* Milestone: **Hit $1.3M net worth this year** (95% equities, 5% cash/bonds/PMs)... Crazy growth, we have some early invested VTI shares that are up 500%! + * Current portfolio: $1.3M (25% in 401ks, 25% in Roth IRAs, and 50% in brokerage) + * We currently spend around $75k/yr in VHCOLA +* We rent a house in a nice neighborhood (expensive) near family and we are very happy! + +**Our Plans for FI:** + +* I plan to quit megacorp job after sizable bonus and stock vesting happening next year in 2022. I would consider working another year or two if the market crashes. We are 5 to 10 years away from fat fire if we wanted to stay incorporate America. And **we will very likely be fat fire at the end of the road** by just working our part-time work. See model link below. Should have between **5 and $10 million in today’s dollars** when we are older, not taking into account any inheritance. Now that’s a fat stash! 💰💰💰😎🤓 +* Will spend more time with family and helping age parents/grandparents +* Plan to move with family closer to other family in lower COLA (plan to continue renting, but might buy later) - this will allow us to **spend less than $60k/yr**. We live a simple life and don't need much. However we will likely dramatically increase spending after 10-15 years or so as the market continues to grow. +* Have a non-corporate career lined up that I’ve been pursuing on the side (will make around $40k/year and has benefits). I plan to do that until age 50 or probably older. It's a passion project and focuses on serving others, and it is in demand regardless of economic climate +* Wife plans to continuing working part time until age 50 or so (another 15 years). She likes her job. +* Plan to travel when our kids get older. Really excited to be more involved in their education (homeschool) while they're young. +* Here's a rough model about what we're planning (not taking into account any SS, some inheritance, upcoming bonus, etc. all of which are pretty inevitable): open in browser https://engaging-data.com/will-money-last-retire-early/?spend=75000&initsav=1300000&age=32&yrs=63&stockpct=95&bondpct=5&cashpct=0&sex=0&infl=1&taxrate=12&fees=0.06&income=50000&incstart=35&incend=50&expense=0&expstart=50&expend=70&showdeath=0&showlow=1&show2x=1&show5x=1&flexpct=20&spendthreshold=80&mort=best + +**Things I wish I could’ve told my younger self:** + +-Don’t stress about work, it’s not worth it. + +-Invest as aggressively as you can. I could’ve been more aggressive from age 20 to 25 + +-Don’t worry about paying off the student loans until later + +-Family and relationships are what’s most important, don’t ever put work over them + +-build connections and stay in touch, always be learning, and be a person of high integrity + +**Things we did right:** + +-always maxed out Roths + +-traveled internationally every year + +-we still drive the same cars that we purchased in high school + +-we have been generous with family and church + +Excited to see what happens next, and thanks for reading this post and hope this helps you in some way! Let me know if you have any questions! I'm very thankful for all we have, and I don't take it for granted. +I have my first $1M+ tax bill coming (state and federal) because of an unnaturally good year (investment capital gains). I know that I'm going to get dinged for not paying it per quarter. But is there anything special that I need to do outside of transfer that cash into a bank account from my brokerage and then authorize the money transfer from my bank when I file my taxes electronically? Ie, at that amount of money, do I have to do anything beyond what most people normally do? In particular, I'm curious if there's any gotchas like max transfer from my bank, max amount that I can do with e-filing, etc. I've already worked out the details with my brokerage. + +*I came for the tendies, but I stay for the revolution.* + +We must succeed where so many others have failed- if you fight fire with fire, so then we must fight greed with greed. The irony of this, doesn't escape me. But, when the establishment only cares about money, the only punishment left is to take that which they love. How terrible is it that money is all they have to offer the world? How sad that money is really all they have left to take? + +In our inevitable victory, we'll fix the world in a way that they cannot because the establishment has long forgotten who built this country and actually runs it. + +The second 'shot heard around the world' won't be at Lexington it will be heard on Wall Street. + +The establishment isn't scared of taking these rediculous, historical losses, they are scared of us. Petrified of a world where they are meaningless and eventually forgotten. + +After 20 years of fighting a war, how crazy is it, that I got more done for American freedoms holding Gamestop shares then holding a rifle? + +*I am Jack's smirking revenge.* +I don’t have enough wrinkles for any meaningful DDs so I thought I could contribute by other means instead. + +Being an two-time immigrant from WSB and GME subs made me a veteran when it comes to weekend FUD and shills. Especially when we just saw an influx of new members. Also r/superstonk has started to make the news which means we have lost the WSB cover. More eyes on this sub now. + +Sort by new. Here we go. + +Whatever happens, buy and hodl. Don’t let your emotions fall for FUD. Not financial advice of course. + +*I came for the tendies, but I stay for the revolution.* + +We must succeed where so many others have failed- if you fight fire with fire, so then we must fight greed with greed. The irony of this, doesn't escape me. But, when the establishment only cares about money, the only punishment left is to take that which they love. How terrible is it that money is all they have to offer the world? How sad that money is really all they have left to take? + +In our inevitable victory, we'll fix the world in a way that they cannot because the establishment has long forgotten who built this country and actually runs it. + +The second 'shot heard around the world' won't be at Lexington it will be heard on Wall Street. + +The establishment isn't scared of taking these rediculous, historical losses, they are scared of us. Petrified of a world where they are meaningless and eventually forgotten. + +After 20 years of fighting a war, how crazy is it, that I got more done for American freedoms holding Gamestop shares then holding a rifle? + +*I am Jack's smirking revenge.* +I don’t have enough wrinkles for any meaningful DDs so I thought I could contribute by other means instead. + +Being an two-time immigrant from WSB and GME subs made me a veteran when it comes to weekend FUD and shills. Especially when we just saw an influx of new members. Also r/superstonk has started to make the news which means we have lost the WSB cover. More eyes on this sub now. + +Sort by new. Here we go. + +Whatever happens, buy and hodl. Don’t let your emotions fall for FUD. Not financial advice of course. +&#x200B; + +[Capture from Tradervue](https://preview.redd.it/q5k4xan4mvx51.png?width=2336&format=png&auto=webp&s=6879eac23b4989bf4b3464a5cde87691a36fd1c0) + +Hello fellow traders, I want to share my journey of turning 3k to 33k in 4 months by day trading consistently. (Looking back, I'm surprised to see that 30k profit came frome last 30 trading days!) + +It's been 3 months since I have posted my last trading result. I was nailing the market with 90% gain 3 months ago, but the day after I posted my '90% gain' I suffered from $2327 loss from a single trade after making a silly execution mistake, resulting in $900 daily loss.(I never use the fund that I borrowed from my friend. But with this execution mistake, I accidentally risked 10k more when I had to exit. -18% loss) Since then I did not recover emotionally and decided to stop trading after I kept making red days on July. + +&#x200B; + +When I was taking a break, I was studying even harder than before. I watched almost every trading videos on youtube. I did not care whether the guy was fake guru or not. I just wanted to learn how people think during the market, trying to understand why certain patterns happen. Also, I learned how to read financial statements and tried to replace my old scalping strategy by learning how to anticipate the movement of the market in next couple hours. I tried my new strategy once on August, but I instantly got fucked and had to rework my strategy for another month. When I became confident enough to overcome the trauma I had from previous big loss, I started trading again on September. + +[Change in intraday duration. With my old strategy, I used to hold less than 10 minutes. Now, I mostly hold more than 30 minutes.](https://preview.redd.it/l33mystonvx51.png?width=2336&format=png&auto=webp&s=9edb0491dab1f97f5e31ccbc37cc5559a393a76b) + +&#x200B; + +[Capture from Chartlog](https://preview.redd.it/eq1zth2eovx51.png?width=2336&format=png&auto=webp&s=f5a3b40e7d3a2ea739dfbc44ea6e6a6a57d110bb) + +I had rough start on September. I was not trading for a long time, and had to get used to my platform again. Also I was not really sticking to my strategy at first. I had doubts on my strategy, so I covered too early or set stop loss too tight. Still, I was making a good profit, and I slowly increased my position size as I traded. My position size was at first $7000 and I kept adding profits to my position size. This led to exponential increase of my balance. + +&#x200B; + +[Last 30 days trading result, Chartlog](https://preview.redd.it/6bcv7glipvx51.png?width=2336&format=png&auto=webp&s=4f2cdb16b21e306f0d179a80d7d3fa4ac0511804) + +I also improved my strategy as I traded. You could see the decrease in average positions per day. When I was not feeling confident about my trade, I kept exiting and re-entering my trade. But when I finally got my confidence back, ***I traded only if I see a clear set up***. This let to dramatic increase in my winner accuracy, and profit loss ratio. In this week, I was trading with average of 15k per trade, 20k at highest. 20k was limit on my margin, because I also have 12k worth of long term position now. (SBSW, AUY, GOOG, SQ, Chevron Jan 22 call strike $65) + +[Calendar view from Tradevue](https://preview.redd.it/d0sx6rx0qvx51.png?width=2336&format=png&auto=webp&s=159b6f3992677c1a379ad91e4153df01f7318149) + +As you can see, I did not trade on October 16th and 29th. I did not see any set up that I would like to trade, so I just watched the market doing nothing. I learned that it is very important to just stay patient until I see the opportunity. ***All I needed was one or two clear opportunities per day***. + +&#x200B; + +There are some characteristics of my trading style that is different from others. + +1. I don't use stop loss. I used it until Oct 8, which was my last red day. When I removed my stop loss, I did not have a single losing trade from Oct 9th to Oct 30th. It depends on the situation, but most of the times having that exit price in my head did not help me stay focused on price action. I just exit when I feel like the price action is not favorable. It does not depend on which price the stock is at. +2. I don't use any indicators except EMA. I only use volume, price action and EMA now. I personally think that Indicators are lagging and should be thrown away to hit 80% or above in win rate. +3. I don't use trendlines and chart patterns. + +I am feeling very confident about my strategy, and I am keep improving my strategy even more to increase my position size to 50k by the end of this year. I hope to continue my consistency. +Hey daytraders! With my last post for many of the beginners, I noticed that were is quite the demand for information haha! I wanted to try to help out the community by writing a small piece every Sunday on a topic that I find helpful. Feel free to message me or comment on any other topics that you might want to hear my opinions and thoughts on! As a quick disclaimer, there are thousands of types of strategies out there! By no means is this one any more special than the rest. I wanted to write on the morning dip because I have found it quite successful for myself. Having maybe half a year of experience, it was simple to understand and learn. For myself, I like to stick to long plays for they are typically safer, but you can definitely apply these concepts to shorting a stock that gaps down! + +**What are we looking for!** + +The first question we should all ask is what type of stocks should we be screening for and why do these stocks perform the way they do. This strategy is aimed at low float stocks that gap up over 50%. If you have seen many of the watchlists I release each morning, they are specifically made for this! Aside from the gap up, the first thing I look at is the news catalyst. For the stock to actually be able to bounce and hold, the news has to be strong enough to attract the needed volume. Now, learning which news catalyst work will take time and experience to learn. There is no definite answer, most of the time is just a gut feeling that people might like some piece of PR. Secondly, the reason why I look for low floats is that they shift much larger and faster. This can be great for profits if you manage risks! Make sure to always set stop losses to protect yourself! + +**How to trade this?** + +This is a really simple trade pattern to be very honest. We first develop a list in the mornings that have all the stocks that gap up. Zoom out to the larger time frames to find levels of support from previous months/days. After drawing them out, we should be able to see a very nice lineup! Okay, so now watch through the premarket as it drops down to this level. Typically we want to not reach this point until the opening bell. An ideal case would be opening a couple of percent above the point, and right at the bell we always see a big dip that usually grazes this support. Another version is an at the opening bell, we see a downtrend until it reaches this level before a reversal candle that breaks out of the downtrend line. Now, there are two ways to buy-in. If you are ballsier, you can buy at the first dip and you might get lucky. I usually only do this when I really like the news. However, the safer method is to let it touch and rise a little before it retests the support. In the retest, look for a spike in buying volume. If we see above-average volume, that is a pretty strong buy indicator. Usually, we can expect a 20-30% rip. Don't hope for more. Even if the stock jumps up 100%, we are day traders, we take our profits. If you find that you pick the absolute best stocks, consider a trailing sell order. Remember, the volume indicator is a must for this strategy! + +**Expected returns!** + +As mentioned above, I found that 20% is the normal range I look for. But this is really influenced by the strength of the news. Sometimes I might hold longer if the news is dramatic, otherwise, I don't want to overstay my position. + +**Why is this a great pick for beginners!?** + +What do beginners always hate? PDT RULE! Well, using this strategy, I found that I only traded news I really liked. If the morning didn't show much potential, I would go back to sleep! Because I based my strategy around news, It was easy to stay under the PDT rule. Overtrading was not an issue as the only opportunity was right as the bell. Just make sure you do keep count in case! + +Good luck traders! Here is an example from my last watchlist! + +https://preview.redd.it/2f4xr15rqc651.jpg?width=958&format=pjpg&auto=webp&s=870c90219c2d5211e97c31ed8dca57fb1f64a391 + +https://preview.redd.it/pb74qzhpqc651.jpg?width=934&format=pjpg&auto=webp&s=fb4429e5f008732bb6f589061c6c5d7a8119b635 +Morning + +My mortgage is paid off in two months and I am looking for advice on how to use the extra income to retire as early as possible. + +Currently earning 20k per year, contributing 27% of my salary (plus 3% from employer,) to my pension which currently sits at 18k. I have an emergency fund of 5k. + +From October my monthly outgoings will be £800 including money for socialising, hobbies and saving for holidays. Take home pay of £1200 per month after pension deductions, tax and NI. + +This leaves me with £400 to play with. + +Ideally I would retire before I am eligible for early access to my pension so I need funds that are not age restricted. + +I quit my professional job three years ago and took on a low stress, low maintenance, 9-5 that I content with. + +Aiming for an income of £12000 per year in retirement. + +I am new to investing so all advice for maximising my disposable income are welcome. + +Also, am I being realistic? +&#x200B; + +[ EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month Twenty-Nine - Down -79&#37; ](https://preview.redd.it/ie3j7584mb351.png?width=640&format=png&auto=webp&s=afda46aae8924108c3ac547a2955d171edc2707a) + +***See the full blog post with all the tables*** [***here***](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-29)***.*** + +tl;dr - Cardano wins May, BTC still way ahead, ETH solidly in second place, NEM (anyone still remember NEM?) still in basement. Markets going up despite world on fire. 3 x $1k investments in crypto in 2018, 2019, 2020 are down -7% compared to the US stock market. Word. + +## Month Twenty-Nine – Down 79% + +While not quite as strong as [April](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-28/), May was undeniably a strong month overall, especially with the last minute push that saw **Bitcoin** climb over the $10k mark. Although **BTC** (and the market overall) has fallen in the last few days while I’ve been compiling [these updates](https://toptencryptoindexfund.com/), we saw almost every 2018 Top Ten crypto end the month of May higher than where it started. + +#### Question of the month: + +##### [The Bitcoin halving took place on May 11th, 2020 at 7:23 PM UTC](https://www.blockchain.com/btc/block/000000000000000000024bead8df69990852c202db0e0097c1a12ea637d7e96d). Since the first Bitcoin block was generated in 2009, how many halving events have occurred? + +A) One +B) Three +C) Five +D) None of the above + +*Scroll down for the answer.* + +## Ranking and May Winners and Losers + +Half of our 2018 Top Ten group were on the move in May. **Cardano** made the most upward progress, climbing two positions to #11. **IOTA** picked up rose one spot in the standings to #24 as well. On the other side, **NEM** keeps slipping, losing three spots to #30. **Dash** and **Stellar** also dropped two positions each in May. + +The overall drop out rate remains at the 50% mark (meaning half of the cryptos that [started 2018 in the Top Ten](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) have dropped out). **NEM, Dash, IOTA**, **Cardano**, and **Stellar** have been replaced by **EOS, Binance Coin, Tezos, Tether,** and **BSV**. + +***May Winners*** – Massive month for **ADA**, up an impressive +62%. That’s about what **Cardano** gained last month, so, yeah, **Cardano** is having a great spring. **IOTA** also had a solid month, up +28%. + +***May Losers*** –  **XRP** lost about -4% making it the worst performing of this group in May. + +How has your favorite crypto fared over the first 29 months of the 2018 Top Ten Crypto Index Fund Experiment? Most monthly wins (7): **Bitcoin**. Most monthly losses (5) is a now tie between **Stellar** and **NEM**. All cryptos have at least one monthly win and **Bitcoin** stands alone as the only crypto that hasn’t lost a month (although it came close in [January 2020](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty-five/) when it gained “only” +31%). + +## Overall update – BTC still way ahead, ETH firmly in second place, NEM worst performing. + +**Bitcoin** made up more ground in May, now down -23% since January 2018. The [last time we saw this price level](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty/) to end a month was August 2019. The initial $100 investment is now worth about $77. + +**BTC** is still well ahead of the field and **Ethereum** is firmly in second place. This may feel like a foregone conclusion at this point, but for context, long time 2018 Top Ten Experiment followers will note that this has not always been the case. Just [a little over a year ago](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-fifteen/) for example, **BTC** was second place behind **Stellar.** + +**NEM** (down -95%) is in last place. That initial $100 investment in **NEM**? Now worth $4.74. + +## Total Market Cap for the entire cryptocurrency sector: + +The overall crypto market added about $35B in May 2020, back near August 2019 levels. This is down about half from January 2018 when the market was worth roughly $575B. + +## Bitcoin dominance: + +Another flat month for **Bitcoin** dominance, which hasn’t moved at all in the last three months. + +For context, the range since the beginning of the experiment in January 2018 has been wide: a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018. + +## Overall return on investment since January 1st, 2018: + +The 2018 Top Ten Portfolio gained about $20 bucks in May 2020, back near where it was at the end of [February](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twenty-six/).  If I cashed out today, my $1000 initial investment would return about $205, down -79% from [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/). + +Here’s the ROI over the life of the experiment, month by month: + +The streak of nine consecutive months down at least -80% was finally broken in May. Just barely (at -79%), but hey, I’ll take it. [July 2019](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-nineteen/) was the last time the 2018 Top Ten finished a month in the negative seventies. What about the negative *sixties*? That level hasn’t been seen [in about two years](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-seven/). + +Painful stuff. What about the follow on Experiments? Let’s see: + +* [2019 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-17/): up about +43% ($1,432) +* [2020 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-5): up about +47% ($1,467) + +So overall? Taking the three portfolios together, here’s the bottom bottom *bottom* line:  + +**After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my portfolios are worth $3,104‬.** + +**That’s up about +3.5%** for the combined portfolios. Better than a few months ago (aka [the zombie apocalypse](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-27/)) where it was down -24%, but not yet back at January (+13%) or February (+6%) levels. + +## Comparison to S&P 500: + +I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. The stock market (as measured by the S&P) continued to recover in May. It’s pretty amazing with all that’s going on in the world, but the market is already back up where it was in February 2020. The initial $1k investment into crypto on [New Year’s Day 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) would have gained about $140 had it been redirected to the S&P. + +This is where it gets interesting. Taking the same drop-$1,000-per-year-on-January-1st approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments would yield the following: + +* $1000 investment in S&P 500 on January 1st, 2018: +$140 +* $1000 investment in S&P 500 on January 1st, 2019: +$220 +* $1000 investment in S&P 500 on January 1st, 2020: -$50 + +Taken together, here’s the bottom bottom *bottom* line for a similar approach with the S&P:  + +**After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,310.** + +That is up over**+10%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/), compared to the **$3,104** value (**+3.5%**) of the combined Top Ten Crypto Experiment Portfolios. + +That’s about a 7% difference in favor of the stock market. [Last month](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-28/), there was only a 3% difference. [The month before,](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-27/) the gap was 13%. + +## Implications/Observations: + +No news here: the 2018 Experiment’s focus of solely holding the Top Ten Cryptos has not and has never been a winning approach when compared to the overall market. The total market cap is down -51% from January 2018 compared to the **-79%** for the cryptos that began 2018 in the Top Ten. This of course implies that I would have done a bit better if I’d picked different cryptos – but much better than if I’d put all my eggs in **NEM**‘s -95% basket, for example. To reiterate, at no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-nine months compared to the market overall. + +In the following two Top Ten experiments, it’s a slightly different story. There are a few examples of this approach outperforming the overall market in the parallel [2019 Top Ten Crypto Experiment](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-17). For the most recent 2020 group, this approach had outperformed the overall market 100% of the time…[until this month](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-5). + +## Conclusion: + +The **Bitcoin** halving turned out to be a non event and markets continue to steadily rise despite riots in the US and a global pandemic. We’re almost half way through a very strange year. As the world changes, what will crypto’s place be in the new normal? + +Final word: Please take care of yourselves, your families, and your communities. [Be excellent to each other](https://www.youtube.com/watch?v=rph_1DODXDU). + +Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of [January 1st, 2019](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-17) then again on [January 1st, 2020](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-5). + +#### And the Answer is… + +B) Three + +**Bitcoin’s third halving event took place May 2020.** +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +I'd like to explain the value of Ethereum to my mom who is 70. Not because I think she should invest in it or because I think she should come out of retirement and start a new career as a developer - she was a business owner and an accountant... + +The reason I'd like to explain the value of ETH to my 70 year old mom is because if I can do that then I will truely understand its value myself. I'd love to read your comments! +The WEGOGO platform is a Social Travel App currently on WeChat and iOS (with Android App to be rolled out really soon!) that enables Chinese tourists to discover and book their travel experiences directly with long tail travel Aspirational Service Providers (ASPs). +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +So my wife and I just inherited a 400-500 thousand dollar property from her Grandfather. We were not expecting this and neither was her family. In a perfect world we would sell our current house, add the profit to our retirement fund/college funds for our kids and move into her grandpa's house. My wife's parents were anticipating to live in this property after he passed and asked us to give it to them. I know this is unreasonable and I'm not planning on doing this but I don't want to completely ruin our fairly good relationship with them. + +We don't need this money right now, but we don't want to just completely give it up. I had an idea to lease the property to them for 1$ a year until their death, and write up a contract stating they are responsible for taxes, utilities, insurance, and upkeep. My wife and I are both ok with this compromise; her parents would have a place to live and we wouldn't have to split her inheritance with her siblings upon her parents death. I'd like to get advice as to whether this is possible, whether or not we're missing anything, or there's another idea out there that would get us a similar result. +hi, not sure if this is the right place to post this but here i go anyway. + +im a teenager, and me and my mam live together. life's been going good so far, but we're afraid it won't be soon. as soon as i turn 16, which is a year away, my mother will stop getting the money, like, from me? im pretty sure. i asked her and she says its Working tax credit, Child tax credit and Child benefit. + +and the money she makes right now, on her job, isn't enough to actually live off of, she needs these three things. she's been worrying a lot and crying about it because when this money stops, she'll have to live off the 3000 she has saved up, and we're renting this house, it's 900 a month so it won't last long. and then she wont have anywhere to live. + +i can't do much, im just really concerned, we both are, and i was wondering if there is anyway we can save money? or like, stop it from happening? + +we've discussed what age these will actually stop, but we aren't really sure. we think it'll be when im 16, but she's also getting DLA for me, since i have special needs. im not sure if that'll turn into pip for me when im 16, and then i can give it all to her, or not. but i don't really know if this is all money related or more legal related. + +a mother becoming homeless isn't fair, we have pets to take care of to. if theres any advice on people have with this situation, or saving money to help it, anything will help. i just don't want my mother to have no where to go. +I know I Bonds have been a hot topic around here with people asking what the next rate is likely to be. That was an impossible question to answer until this morning when the U.S. Bureau of Labor Statistics released the latest consumer price index (CPI) data for March. + +I'm not an economist but I got into I Bonds last year and wanted to understand how they work. From what I understand from the [treasury direct](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm) website new rates are announced twice a year - May 1 and Nov 1 - and consist of a fixed rate piece (which has been 0.00% for the past couple years and will be the same next month) and an inflation rate piece. The inflation rate piece appears to be based on the past six months of CPI-U data using March and September numbers. I haven't found that written anywhere but I've run the numbers (see below). + +As a check to confirm this is correct I looked at CPI-U data [here](https://www.bls.gov/regions/mid-atlantic/data/consumerpriceindexhistorical_us_table.htm) and it corresponded exactly to the I Bond rates shown in the treasury direct link above. The March 2022 data isn't in the above table yet but can be found in press release [here](https://www.bls.gov/news.release/cpi.t01.htm). + +|March 2020 (258.115)|September 2020 (260.280)|0.84% (1.68% annualized)| +|:-|:-|:-| +|September 2020 (260.280)|March 2021 (264.877)|1.77% (3.54% annualized)| +|March 2021 (264.877)|September 2021 (274.310)|3.56% (7.12% annualized)| +|September 2021 (274.310)|March 2022 (287.504)|4.81% (9.62% annualized)| + +So that's where I Bond rates are almost certainly headed next month. While that might seem like an eye-popping number to get excited about it just means all the rest of your money *not* in I Bonds is getting eaten alive by inflation right now. + +TL;DR: inflation is growing faster than expected, I Bonds are currently earning an annualized 7.12% and when numbers are published next month they will likely be earning 9.62% +There was some "weird" speculation on this sub a few days ago that Warren perhaps bought into Tesla...it ended up being Verizon and Chevron (lol) + +* * * + +Warren Buffett’s Berkshire Hathaway Inc. cut its Apple Inc. holding during the last few months of the year. + +The conglomerate also revealed three new buys that it snapped up in secret. Berkshire bought stock in Verizon Communications Inc., insurance broker Marsh & McLennan Cos. and Chevron Corp., bets that were granted confidential status and not revealed in a third-quarter regulatory filing, according to an updated document released Tuesday. The Apple stake reduction left Berkshire with a holding valued at US$120 billion at the end of 2020, according to another filing. + +Berkshire spent the last three months of the year revamping its bets on some other sectors. Buffett’s conglomerate cut a few bank holdings, exiting JPMorgan Chase & Co., PNC Financial Services Group Inc. and M&T Bank Corp. while slashing its Wells Fargo & Co. stake by 59 per cent. The company also shifted a recent bet on drugmakers by increasing a stake in Merck & Co Inc., Abbvie Inc. and Bristol-Myers Squibb Co., while exiting a recent investment in Pfizer Inc. + +Berkshire also exited a bet on Barrick Gold Corp. The investment was a surprise when it was revealed last year, given Buffett’s years of chiding the precious metal. + + https://www.bnnbloomberg.ca/berkshire-trims-apple-bet-reveals-chevron-verizon-holdings-1.1564415 +Hello all + +Throwaway account. + +I'm 27m, and have had a gambling addiction for the last 5 years (betting, roulettes etc), I stopped gambling about 4 months ago and finally do not have the urge anymore. I don't think I will ever gamble again, however the debt I have accrued over the years is a constant depressing reminder of my past. + +Monthly income - £1'520 net, current debt is £9'200. One is a stupidly high 18% Apr loan which I still have 6k left to pay, and the other is a credit card at 24.9% Apr with over 3k balance. I had about another 4k worth of debt which I have paid off by selling various things and using every spare bit of money to pay off over the last few months. + +Outgoings - 780 for rent, car insurance. 150 loan and 150 CC, 70 phone bill, £300 food and baby supplies for 2 babys (i am a single father of 2, my wife left me due to my gambling problem, dont blame her), and about £50-100 on petrol. As you can see I don't have much money left at all at the end of the month. Often I will only have at maximum £100 but that is not the end of the world aslong as my kids are fed and they are healthy. + +I have a poor credit score due to missed payments, I'm unable to borrow/lend any money from family to help pay off debts. I can't really reduce any of my payments either. + +How bad is this? I tell myself that in about 4 years if I carry on with the monthly payments for my CC and loan, I will be completely debt free. But then it also just seems so far away. I also don't see any way for me to 'snowball' the money into my high APR credit card, my loan repayments are set and I have 0 savings, the £100 I'm left with most months I really need incase of additional things my kids need like new clothing or any additional food I might need, or even extra petrol. I could probably save at most £50 per month, which I suppose is better than nothing. + +It isn't really advice that I need, just a bit of perspective. I often get quite depressed thinking about this but trying to keep as positive as possible for my kids and for my own sake. + +Oh and also worth noting I have attempted help through stepchange but unfortunately the credit card company (Virgin Money) and loan company (Natwest) were not to cooperative. I assume because of so many missed payments. +Seems BJs is open to being bought out and [Amazon has shown interest](http://fortune.com/2017/04/17/amazon-bjs-wholesale-club/). It's funny how Amazon is expanding to brick and mortar while regular retailers are closing due to online competition. +Hey /r/personalfinance, I've moving out and finally decided to post. I'm turning 18 in two weeks and I'm really anxious about starting out right. If you knew then what you know now, what would you do at 18? And what things do you think would be most important to know? + +Before everyone says moving out at 18 is a horrible idea; I know that it's probably not the best financially, but it's definitely necessary. + +Also I saw the thread about IDAs and have been really considering them, would I be eligible since I'll be independent and minimum wage? +Based on pre-IPO trading on prediction markets and FTX, Coinbase's implied IPO market capitalization is $64 billion. + +This would place it in the Top 200 U.S. traded [stocks by market cap](https://assetdash.com/) in the same range as: + +* Square 93B +* Goldman Sachs $91B +* Truist Financial $64B +* CME $64B + +Are you buying at this valuation? +This post is not to be a brag at all, but I did want to share how my wife and I have been able to go from $0 net worth at age 22 to an approximate $650k net worth at age 30 while having three kids and 1 income most of the time. + +Some background on me. I was raised in a lower middle class household in a LCOL area. I went to public school and was able to get most of my college funded via scholarships. My wife and I got married and graduated from college with about $20k in loans. I was fortunate in that I lived with my parents for 8 months or so and was able to save up a down payment for our first home and pay off our school loans. This was in 2013/2014, and we were able to buy a 3/2 home in a LCOL area for $189k. The same has today would be worth $350k - $400k, so I understand that part of the story isn't really replicable. + +My wife worked in education and her starting salary was $33k in 2013. I worked in supply chain and my starting salary was $45k. We had our first child in 2016 and have had two additional children. We are done having kids, but it was always our goal to have kids early (we were both 24) and design a lifestyle where my wife could be a SAHM. + +**Education** + +* Wife - bachelor's in educaiton +* Me - bachelor's in accounting and an online MBA from an online "university". I was able to get this for free via a program with my company, but would not have paid even $10,000 for what I "learned." + +Our income history is below. You will notice our income goes down in 2016 due to her dropping out of the workforce. The large growth in income since 2018 comes from 2 promotions, one in 2019 and one in 2022. + +* 2013: $78k +* 2014: $85k +* 2015: $95k +* 2016: $80k - this is when my wife started staying home +* 2017: $86k +* 2018: $90k +* 2019: $115k +* 2020: $125k +* 2021: $135k +* 2022: $155k + +**Our current investments:** + +* 401k: **$150k** +* Post Tax Brokerage: **$175k** +* Roth: **$50k** +* Fundrise: **$25k** +* Cash: **$50k** +* Total Investments/Cash: **$450k** +* Home Equity: $200k - this seems to go up every month by $10k or so. I do not count this in my FI number, but do count it in my net worth number. +* I did have a rental property at one time, but recently sold the property. Although the returns are great, I personally did not like the hassle of dealing with tenants in the area I owned the rental home. +* Most of my investments are in an S&P 500 based index fund. I do have some in alternative investments (less than 10% of total). + +**Expenses** + +We currently spend about $60k a year, which does include preschool for some of my children. My mortgage (not including PT and I) is less than $1,7300 a month on a 15 year mortgage at 2.375%. I refinanced last year. I currently owe $245k (including a HELOC at 5.5% interest) and plan to pay the loan off early, although about $1,000 of the payment each month goes to principal. I know this is not the mathematically optimal strategy, but I am personally debt averse. I sold my first house in 2015 and bought my current home to upgrade to a larger home with an additional bedroom. One of my only financial regrets is not keeping my original home as a rental. I think I would have an easier time finding quality tenants where I live than where my other rental properties were located. I would guesstimate my home is worth about $450k, but could probably get a little more. We have no intention to move at this time. + +Although we could spend less, I personally feel like our budget is fairly tight with three young kids. I own both of my vehicles with no loans. My vehicle is a 2008 toyota and my wife drives a 2016 honda. Total value of vehicles is probably about $35k in a "normal" car market. + +**Career** + +I have stayed at the same company my entire career. I work at a Fortune 200 company in a MCOL area with decent benefits and decent pay. I work from home 90% of the time, I have minimal stress and I enjoy my job. As of right now, I will be able to continue working from home in the future. I do have direct reports, but I have been able to build my team and have 0 drama each day. I would guess that I probably "work" about 3-4 hours a day, although I do stay online for 8 hours or so. I am on a solid career trajectory and will probably be making $250k - $300k over the next 5-6 if I keep working. + +**FI Plan** + +Based on our current investments and savings rate, we will have about $1.1M - $1.2M in investments in the next 5-6 years depending on how soon I get my next promotion and market returns. I will be 36 or so and my wife is the same age. We plan to pay off our house at that point and will have about $1M in investments. We will also be done paying for any preschool, and our projected annual spending is a little under $40,000. The $20,000 difference includes projected inflation, and is driven by no mortgage/HELOC and no preschool. I actually think we could spend closer to $30k with no mortgage if we had to. + +I do plan to work in the future, but definitely not in the corporate world. I am not sure what this looks like yet, I would love to be some sort of life coach (I know that is frowned upon by some). I enjoy teaching/coaching others, but would want to set my own hours. My ideal life would be working 15-20 hours a week and making at least $40,000 a year to cover my annual expenses while my investments grow. I personally do not do well without some productive work each week, although I totally understand some people are not wired that way. + +I know this is not the most interesting story in the world, but I do think most of it is replicable for people with a college education. If you are 22, the biggest difference would be housing costs, I am thankful I'm not trying to buy a house right now. Happy to answer any questions if you have any. +I don't have much intention of running trading algos anytime soon. I'm a discretionary trader and investor and I want to get better at testing my ideas. + +I've read through all the top posts here, as well as any starter advice threads that I found through Google searches. I find so many mixed answers. + +I basically want to backtest reasonably simple technical analysis ideas on US equities. I've heard TradeStation is great because EasyLanguage is easy, but how easy? I run a business and trade discretionarily, I don't have the mental capital to actually learn how to code a new language, so I'm trying to feel out what my best option is here. + +I really just want to test theories I have about market movement. Relatively simple things like volatility breakout systems, trend pullback systems, etc. + +What is the lowest friction direction for me to take here? I accept that I'll probably have to learn some syntax and write a bit of code, but is there a way for me to not spend a bunch of time getting adept at coding? +Hi all, I am looking for a solution to help achieve low latency for my trading system. My system has two computing components: + +**Data Feeder** + +An EC2 Cluster(Python) in a VPC that connects to a data provider, Supports Batch Processing to Data Sink (S3 + AWS Glue) and streaming from WebSockets to a self-managed Kafka Cluster. + + +**Trade Engine** + +An EC2 Cluster(Python) That runs [backtrader](https://www.backtrader.com/), Can consume messages from Kafka topics, Submit Orders, Monitor, Manage Strategies,... etc. +Is there a Java library that is similar to Python's lib backtrader? +Also is there a DataFrame lib like pandas for Java? +This is a property I’ve inspected & almost bought in 2018. I thought it was a good example of an apartment that can experience capital gains. Many people put down apartments (and in general they have been having lower capital returns) they can be great investments. For nice areas like Lane Cove on Sydney North Shore they can be the only property type accessible for many. + +Sold History + +Jan 2014 = $991k (off the plan) + +Aug 2018 = $1.25m + +Sep 2021 = $1.43m + +Return is circa 4.9% p.a. since it was built and 4.5% p.a. since it sold 3 years ago. + +It’s also been rented in the past at $845 p/w which is a gross yield of 3% on current price, 3.5% on 2018 price or 4.4% on 2014 price. Net yield (I think strata about $1.3k pq) 2.7%, 3% on 2018 price or 3.9% on 2014 price. + +So the investment in 2014 would have yielded circa 8.8% p.a. in capital gains and net rental. This is before leverage! + +With leverage, let’s just assume for simplicity that net rental yield of 3.9% covered interest costs at 80% LVR. Then your returns are simply the capital gains of 4.4% p.a. or 33% over 7.5yrs. + +Your capital gain is approx: $1,430k - $991k - $40k stamp duty - $30k agent fees = $369k gain + +Investment was $$238k (20% + stamp duty) + +That’s a cash-on-cash return on equity of $369/$238k = 155% over the 7.5yrs. + +Now before you start, there are probably plenty of things that can be improved on the above calculations. It’s simplistic for a reason. Just a basic example that apartments are not all a bad investment. + +This post is to show, for people who can’t afford houses in these areas, that apartments are a viable option. This one in particular is a 3br penthouse level apartment with great outlook on Sydney’s North Shore. + +Not all apartments are created equal. + + +[302a/5 Centennial Ave, Lane Cove North](https://www.domain.com.au/property-profile/302a-5-centennial-avenue-lane-cove-north-nsw-2066) +My employer, a large UK flowers and gifts manufacturer and supplier, is supposed to make non-salary sacrifice pension payments into our L&G workplace pension scheme every four weeks. The pension payments have always been late; however, now there are eighteen weeks on unpaid pension contributions. + +On top of that, for eleven weeks last year they did not make the employer part of pension contributions (I still received the employee part of pension contributions, as well as tax relief applied by L&G). Also, the most "recent" uplift of contributions to L&G was made incorrectly, and I lost out on tax relief that L&G applies as they had uplifted the payment as employer contribution to which no tax relief applies, instead of split employee and employer contributions. + +I have kept careful records of it all and know exactly how much of unpaid pension contributions they owe me. + +I have been contacting my employer's payroll department every few months, but they keep making excuses and promises. The reason they say they are behind is because of shortage of staff and too many different pension schemes to handle. + +After all this time, I am at my wits' end. Do I really need to beg them? I feel like such a nuisance already, I only make slightly above the minimum wage, but this money is meaningful to me. + +I have been understanding, I have asked nicely, I have quoted the law to them (as per my own research!), I have asked to contact the trustees (they ignored this request). Nothing. No joy. They keep fobbing me off. + +Is there anyone knowledgeable in the legal aspects of managing a workplace pension scheme and employer obligations who could advise me on how to approach them? I need something effective, that would make them sit up and take notice, and finally sort this mess out. + +Any advice would be greatly appreciated. What kind of letter should I write? Nothing I've done so far has worked. +Your broker will fuck you over. + +If it will save their asses from paying out 7, 8, 9 or 10 figure to clients for securities they do not even possess. + +Your broker will **definitely** fuck you over to save money. + +Is it against regulations to illegally exercised discretionary authority on client accounts without permission? + +Yes. + +Does it happen. + +All the time. + +&#x200B; + +Given the choice: + +&#x200B; + +1) Take a multi-million/billion loss paying out to middle class muppets who have never traded a round lot in their life + +2) Flushing their client's accounts with $0.01 sell limit orders and taking a $10k fine from FINRA + +&#x200B; + +Guess what will happen. + +&#x200B; + +look up discretionary in the FINRA violations database: + +[https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions-online](https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions-online) + +&#x200B; + +Here is over 1000 cases where discretionary violations have been enforced: + +[https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=discretionary&firms=&individuals=&field\_fda\_case\_id\_txt=&field\_core\_official\_dt%5Bmin%5D=01%2F01%2F1990&field\_core\_official\_dt%5Bmax%5D=08%2F04%2F2022&field\_fda\_document\_type\_tax=All](https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=discretionary&firms=&individuals=&field_fda_case_id_txt=&field_core_official_dt%5Bmin%5D=01%2F01%2F1990&field_core_official_dt%5Bmax%5D=08%2F04%2F2022&field_fda_document_type_tax=All) +My partner has just received a letter from HMRC notifying her that she has a £1,200 fine for not filing a tax self assessment for the tax year ended 5th April 2020. + +The letter details that £900 is for her being 3 months late (“a daily penalty of £10 a day for a maximum of 90 days”) - and then a further £300 is for her being 6 months late (“you have been charged the minimum filing penalty of £300”). + +I accept that she(we) failed to file a self assessment tax return when she should have and understand that she should therefore be subject to a fine. + +However, my problem with this is that this is the first time we’ve received a letter notifying her of this. +Surely HMRC should have notified her that she was subject to a fine as soon as the allowed date had passed? +Instead, we haven’t heard anything until they’ve let the fine rack up to this huge amount. + +Not sure if it makes a difference, but to add a bit of extra information she only earned £1,587.31 in the tax year in question. + +A £1,200 fine would be financially crippling, so does anybody have any advice as to what we can do in this situation? +For those of you who live in a HCOL area full of well-educated, high-achieving, and wealthy families, how do you deal with the endless competitive treadmill of expensive activities and keeping up with the Joneses? How do you prevent your kid from feeling left out when Sarah and Sam from down the street are on the travel soccer team, taking ballet lessons, and going on the latest educational trip to Zanzibar? How do you deal with feelings of not giving your kid the best possible chance to compete and succeed when trying to get into a top college vs. the others in your community, despite diminishing returns on each dollar spent? + +Please only reply if you've been in this kind of "culture" and you know what I mean. For the record, I don't have kids but plan to, and I struggle to reconcile how I can balance my desire to save/be frugal vs. the parental instinct to provide for my kid and give them the best possible resources to succeed given my financial means. After all, it FEELS like a choice between my lifestyle and their future, which emotionally can be difficult. That's why so many parents spend so much, I think, to avoid feelings of guilt of not providing them the best chance that they could have. + +Anyway, looking forward to your experiences. And while "just move" is a valid response, hoping more to hear about experiences from people who stayed in the eye of the storm and survived it. Thanks. +Go forth and learn + +Intro to Crypto and Cryptocurrencies + +[1.0 Welcome - 2 mins](https://www.youtube.com/watch?v=fOMVZXLjKYo) +[1.1 Cryptographic Hash Functions - 18 mins](https://www.youtube.com/watch?v=fOMVZXLjKYo&t=1m50s) +[1.2 Hash Pointers and Data Structures - 8 mins](https://www.youtube.com/watch?v=fOMVZXLjKYo&t=20m28s) +[1.3 Digital Signatures - 9 mins](https://www.youtube.com/watch?v=fOMVZXLjKYo&t=29m24s) +[1.4 Public Keys as Identities - 5 mins](https://www.youtube.com/watch?v=fOMVZXLjKYo&t=39m02s) +[1.5 A Simple Cryptocurrency - 14 mins](https://www.youtube.com/watch?v=fOMVZXLjKYo&t=44m32s) + +How Bitcoin Achieves Decentralization + +[2.1 Centralization vs. Decentralization - 4 mins](https://www.youtube.com/watch?v=q5GWwTgRIT4) +[2.2 Distributed Conesensus - 13 mins](https://www.youtube.com/watch?v=q5GWwTgRIT4&t=4m47s) +[2.3 Consensus Without Identity: the Blockchain - 17 mins](https://www.youtube.com/watch?v=q5GWwTgRIT4&t=17m49s) +[2.4 Incentives and Proof of Work - 19 mins](https://www.youtube.com/watch?v=q5GWwTgRIT4&t=35m43s) +[2.5 Putting It All Together - 18 mins](https://www.youtube.com/watch?v=q5GWwTgRIT4&t=55m37s) + +Mechanics of Bitcoin + +[3.1 Bitcoin Transactions - 11 mins](https://www.youtube.com/watch?v=t3hJsFpPmXs) +[3.2 Bitcoin Scripts - 15 mins](https://www.youtube.com/watch?v=t3hJsFpPmXs&t=11m41s) +[3.3 Applications of Bitcoin Scripts - 14 mins](https://www.youtube.com/watch?v=t3hJsFpPmXs&t=27m20s) +[3.4 Bitcoin Blocks - 5 mins](https://www.youtube.com/watch?v=t3hJsFpPmXs&t=42m07s) +[3.5 The Bitcoin Network - 18 mins](https://www.youtube.com/watch?v=t3hJsFpPmXs&t=47m55s) +[3.6 Limitations & Improvements - 11 mins](https://www.youtube.com/watch?v=t3hJsFpPmXs&t=67m57s) + +How to Store and Use Bitcoin + +[4.1 How to Store and Use Bitcoins - 6 mins](https://www.youtube.com/watch?v=NKqHXoYZvMg) +[4.2 Hot and Cold Storage - 13 mins](https://www.youtube.com/watch?v=NKqHXoYZvMg&t=6m28s) +[4.3 Splitting and Sharing Keys - 11 mins](https://www.youtube.com/watch?v=NKqHXoYZvMg&t=19m53s) +[4.4 Online Wallets and Exchanges - 19 mins](https://www.youtube.com/watch?v=NKqHXoYZvMg&t=30m54s) +[4.5 Payment Services - 8 mins](https://www.youtube.com/watch?v=NKqHXoYZvMg&t=50m16s) +[4.6 Transaction Fees - 5 mins](https://www.youtube.com/watch?v=NKqHXoYZvMg&t=58m28s) +[4.7 Currency Exchange Markets - 16 mins](https://www.youtube.com/watch?v=NKqHXoYZvMg&t=64m10s) + +Bitcoin Mining + +[5.1 The Task of Bitcoin Miners - 10 mins](https://www.youtube.com/watch?v=jXerV3f5jN8) +[5.2 Mining Hardware - 23 mins](https://www.youtube.com/watch?v=jXerV3f5jN8&t=10m16s) +[5.3 Energy Consumption & Ecology - 14 mins](https://www.youtube.com/watch?v=jXerV3f5jN8&t=33m37s) +[5.4 Mining Pools - 14 mins](https://www.youtube.com/watch?v=jXerV3f5jN8&t=50m16s) +[5.5 Mining Incentives and Strategies - 23 mins](https://www.youtube.com/watch?v=jXerV3f5jN8&t=64m26s) + +Bitcoin and Anonymity + +[6.1 Anonymity Basics - 26 mins](https://www.youtube.com/watch?v=glyQy_e5LmM) +[6.2 How to De-anonymize Bitcoin - 18 mins](https://www.youtube.com/watch?v=glyQy_e5LmM&t=26m50s) +[6.3 Mixing - 21 mins](https://www.youtube.com/watch?v=glyQy_e5LmM&t=44m58s) +[6.4 Decentralized Mixing - 14 mins](https://www.youtube.com/watch?v=glyQy_e5LmM&t=66m39s) +[6.5 Zerocoin and Zerocash - 19 mins](https://www.youtube.com/watch?v=glyQy_e5LmM&t=89m) +[6.6 Tor and the Silk Road - 11 mins](https://www.youtube.com/watch?v=glyQy_e5LmM&t=100m46s) + +Community, Politics, and Regulation + +[7.1 Consensus in Bitcoin - 6 mins](https://www.youtube.com/watch?v=IRbgZUGHn9g) +[7.2 Bitcoin Core Software - 10 mins](https://www.youtube.com/watch?v=IRbgZUGHn9g&t=6m54s) +[7.3 Stakeholders: Who's in Charge - 9 mins](https://www.youtube.com/watch?v=IRbgZUGHn9g&t=17m41s) +[7.4 Roots of Bitcoin - 9 mins](https://www.youtube.com/watch?v=IRbgZUGHn9g&t=27m28s) +[7.5 Governments Notice Bitcoin - 9 mins](https://www.youtube.com/watch?v=IRbgZUGHn9g&t=36m45s) +[7.6 Anti Money-Laundering - 5 mins](https://www.youtube.com/watch?v=IRbgZUGHn9g&t=46m27s) +[7.7 Regulation - 11 mins](https://www.youtube.com/watch?v=IRbgZUGHn9g&t=52m20s) +[7.8 New York's BitLicense Proposal - 10 mins](https://www.youtube.com/watch?v=IRbgZUGHn9g&t=64m15s) + +Alternative Mining Puzzles + +[8.1 Essential Puzzle Requirements - 5 mins](https://www.youtube.com/watch?v=TipGy2bOVL4) +[8.2 ASIC Resistant Puzzles - 13 mins](https://www.youtube.com/watch?v=TipGy2bOVL4&t=5m49s) +[8.3 Proof-of-useful-work - 9 mins](https://www.youtube.com/watch?v=TipGy2bOVL4&t=19m10s) +[8.4 Nonoutsourceable Puzzles - 7](https://www.youtube.com/watch?v=TipGy2bOVL4&t=29m) +[8.5 Proof-of-Stake "Virtual Mining" - 8 mins](https://www.youtube.com/watch?v=TipGy2bOVL4&t=36m30s) + +Bitcoin as a Platform + +[9.1 Bitcoin as an Append-Only Log - 16 mins](https://www.youtube.com/watch?v=aM3OP4gazWw) +[9.2 Bitcoin as Smart Property - 16 mins](https://www.youtube.com/watch?v=aM3OP4gazWw&t=16m28s) +[9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins](https://www.youtube.com/watch?v=aM3OP4gazWw&t=32m42s) +[9.4 Bitcoin as Randomness Source - 18 mins](https://www.youtube.com/watch?v=aM3OP4gazWw&t=42m53s) +[9.5 Prediction Markets & Real-World Data Feeds - 23 mins](https://www.youtube.com/watch?v=aM3OP4gazWw&t=61m10s) + +Altcoins and the Cryptocurrency Ecosystem + +[10.1 Short History of Altcoins - 21 mins](https://www.youtube.com/watch?v=l-3kOuF0dts) +[10.2 Interaction Between Bitcoin and Altcoins - 15 mins](https://www.youtube.com/watch?v=l-3kOuF0dts&t=22m) +[10.3 Lifecycle of an Altcoin - 15 mins](https://www.youtube.com/watch?v=l-3kOuF0dts&t=37m) +[10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins](https://www.youtube.com/watch?v=l-3kOuF0dts&t=52m25s) + +The Fututre of Bitcoin? + +[11.1 The Blockchain as a Vehicle for Decentralization - 14 mins](https://www.youtube.com/watch?v=YG7l0XPtzD4) +[11.2 Routes to Blockchain Integration - 28 mins](https://www.youtube.com/watch?v=YG7l0XPtzD4&t=15m07s) +[11.3 What Can We Decentralize? - 24 mins](https://www.youtube.com/watch?v=YG7l0XPtzD4&t=43m30s) +[11.4 When is Decentralization a Good Idea? - 16 mins](https://www.youtube.com/watch?v=YG7l0XPtzD4&t=67m40s) +The concept is very simple but I find myself getting confused. + +When a group of people buy something, demand is generated so price goes up. + +When a group of people sell something supply is generated so price goes down. + +In the Forex market, say I had an unlimited amount of money enough to drive the market in any direction, when I buy a pair, the price naturally goes up. Now when it hits my TP, what am I doing exactly? I have to sell what I bought to take away my money plus a profit correct? My question is does this count as a sell or does this not affect the market? So when I pull my money out does the market then take a dip or keep on rising? + +1. Say I bought a pair and then pulled out at my TP with a profit. Does the market go down because I pulled out? + +2. Say I went short on a pair and since I was selling the market goes down. + +What the difference between 1 and 2? I get the feeling that after you have bought or sold and you pull out you don't affect the market in any way. You only drive the price up or down when you long or short in the beginning when you initially buy or sell. +Okay so, here’s a backstory to my journey so far with trading. I’ve been trading forex on and off for the past 3 years, mainly day trading and scalping but have caught some big swings aswell through the years. + +I’ve never traded the right way as far as risk management goes… Because I’m starting with 100€ and trying to build up quickly due to not having patience for such little money ( I know this is a bad habit and not sustainable ) I’ve always started from very little and flipped my account 5x 10x sometimes ect and even once flipped 100€ into 5000€ in about 3 weeks which was my personal best. + +I’ve been doing this by going near full margin on my account when trading which I know is wrong, and I’ve been trading like this for a few years, but I also feel trading like this has made me extremely precise in catching entry’s and closing trades instinctively ( due to having very little room for error ) which I guess is a plus side to this as I feel this has made me extremely accurate on the market 70 - 80% of the time. + +In the last year my win rate has increased massively, and the likelihood of me being able to flip my 100€ account is more common to happen than not. + +Okay so there’s the back story. + +————————————- + +I know this way is completely gambling, and I admit I am a bit of a gambler, but I am becoming what I believe to be really good at this now from my experience of trading through the years, especially being under the full margin pressure for majority of my trading. + +Chasing loses is a big thing for me and I think if I can sort my impulses out with it I can be successful long term , I remember with my 5000€ account ( my personal best I flipped from 100€) I lost 1000€ of it bringing my balance down to 4300€ or something roughly, and after that I just freaked out… + +Shortly after that I hit 2.5k, probably only about 2 hours later, and then I deleted the app off my phone for a few hours, but the damage was done, I didn’t care about that 2.5k as all I could think about was the 5k, I downloaded the app again a few hours later and as you can predict … impulsive , and excessive trading lead me down to 0€ before the next night. + +I know I probably should’ve took a longer break , I’ve heard people say they have rules to counteract chasing loses such as not allowing any more trading for the day after a loss or certain percentage loses for the week etc, but I’d love to know if anyone here went through this , had bad gambling tendencies , and still managed to come out on the other side successful and how did yous beat it? + +I feel now that I have a really good skill and knack for this, and it would be real a talent gone to waste if I cant get over this step. + +Btw I know risk management is also a problem, but I just trade heavy at the start to build a decent account from my 100€ and once successful at that I do drop the position sizing down and don’t risk it all every trade , I just risk my 100€ at the start to flip myself up to an account worth trading with and putting in the hours with. + +Id love to flip an account to a sizeable amount that I could then start playing more slowly and safely using proper risk management and be able to earn myself a nice side income every week safely, but then there’s also the fear that my old habit of chasing loses will come back, they say it takes years to build an empire and one bad day to ruin it all in this and that saying describes my trading very well, and until I kick my habit of chasing losses, I will never stay ahead for long. + +Did anyone overcome this? + + +Did anyone start out like me inpatient with the money they had? + +Just taught I’d put this out there to see if I could learn from someone else’s experience + +Thanks for reading👌 +I saw a similar post from a 19 year old just now, and figured I'd do the same. I'm sure I'll receive a lot of the same advice, however he wanted to trade full-time and I think the two year difference is enough to create a new post. I've learned a decent amount about trading recently, and opened a demo account a few days ago. I only registered the micro-lot account with $300.00 because that is probably what I will start with(might do $500.00 depending on how the trial goes). So far I'm doing very well, but I also realize that my returns are anomalous. I have $8.52 realized profit, and $11.02 unrealized (waiting on take-profits to hit, which I feel confident about). This is over 3 days so far, but I'm sure I won't always be this lucky. + +&#x200B; + +I'm a senior in high school and am applying to colleges. I want a finance degree and will pursue a job within that field. I plan on that job being my primary source of income, but want to have more than one stream of money coming in. I have little-no expenses currently and I have a part-time job. How can I capitalize on my current situation to be the best trader I can be? + +&#x200B; + +Also.. How far do we think EURUSD will drop? +Having a friend really press me to sign up to a training program referal type scheme and its just not sitting right with me. They keep saying how every free source of information is controlled by the banks to make the individual fail from the get go and that they will teach me how the banks trade for a sum. + + +Sounds like its all way to convenient and tbh everything I've learnt so far Ive learn from free webinars and sources, even on top of that it seems like its like most other markets and cautio must be taken regardless. + + +Would appreciate thoughts and opinions. +How are FMCG's valued at 35-55 times of current years earnings. I think it is almost insane to have such valuations. HUL had volume growth of 9 percent year on year. Profit growth of 14. How is this value justified? If people are betting on the consumption story there needs to be evidence of the same. With results as average as this I just don't see it. + P.S. - if betting on FMCG than ITC is better placed purely on value basis. +You can discuss something like these, ITT: + +- What brokerage are you using currently? + +- Is the brokerage structure suitable to your needs? + +- How is the availability of the brokerage service? + + Do you experience issues with login/authentication? Do you experience issues with posting trades to NSE and BSE? Do you experience issues with executing trades at NSE and BSE? + +- How do you rate the brokerage reports provided by the brokerage house? + +- How are the ancillary products and services provided by the brokerage house? + +- Do you use Smallcase to manage your portfolio, and how was the service? + +--- + +You can ask for a general review of a particular product, or service that you are researching - _Is X good? Is it recommended for long-term delivery trades?_, but please avoid asking for personal advice. + +The discussion is for consumption by a broader audience. For advice regarding your personal situation, the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newer members to evaluate customer experience with these products. Please confine the thread only to reviews or requests for reviews of products and services. + +[Previous Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new) +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +I have investing with some discipline in mutual funds and also invested some amount in the stock market. I realized that the former is much simpler and has better rewards. So wanted to understand what is your objective for investing in individual stock? Is it that people are searching for multi baggers and want to get really rich or something else? +How are FMCG's valued at 35-55 times of current years earnings. I think it is almost insane to have such valuations. HUL had volume growth of 9 percent year on year. Profit growth of 14. How is this value justified? If people are betting on the consumption story there needs to be evidence of the same. With results as average as this I just don't see it. + P.S. - if betting on FMCG than ITC is better placed purely on value basis. +My portfolio has been down 5-7%, since the year started. +Anyone else in this situation? + +Don't know when things will get stable. +As a 1 year old investor, this is bit frustrating tbh. +Dunno about you guys but I've been pretty active with scooping up crypto pennystocks and btc. +As a long-term crypto bull I'm not really worried with the recent dip. From my perspective, I saw it as an opportunity to increase my exposure to what I believe to be high-growth-potential crypto pennystocks that I find to be undervalued. + + +My top 3 crypto pennystocks: + + +**Cypherpunk Holdings Inc. (CSE: HODL) (OTC: KHRIF)** + +* One of the [biggest public holders of BTC](https://cointelegraph.com/news/cypherpunk-holdings-becomes-9th-largest-public-holder-of-bitcoin). +* Strong portfolio of fast growth companies in the cryptocurrency space (Wasabi wallet, Samurai Wallet, Hydro66, NGRAVE) +* Focused on crypto and privacy - both hot sectors, that like it or not, will see accelerated growth in the next 1-2 years. Their team seems well equipped to capitalize on this. +* I might be wrong, but I believe they might be the cheapest/strongest candidate that gets you exposure to crypto via the public market. + + +**BIGG Digital Assets Inc. (CSE: BIGG)** + +* Well positioned in the crypto-compliance/regulation niche (BitRank Verified, QLUE, etc.) +* Battle tested management, that seems efficient at supporting fast subsidiary growth. +* I expect them to add 2-3 more companies to their portfolio this year, they have the capital. + + +**KR1 Plc (OTC:KROEF)** + +* Well positioned to capture the DeFi niche as it develops and grows over the next 2-4 years. +* Extensive portfolio of crypto startups. +* Their biggest alpha seems to be high-multiple returns on early stage investments on which they've already seen quite a few exits. + + +What do you guys think? Feel free to share feedback and recommendations. +This subreddit is not market/stock manipulation. + +Saying "we", or "us", or calling this "a movement", or "our stock", or praising DFV ("if he's still in, I'm still in"), or any of the other multitititititude of DD writers since DFV, **is** ***not*** **stock manipulation.** + +You're mad about nothing. Telling people to shut up, to stop using these phrases and to watch what they say here for legal reasons is just priming fear and uncertainty (the **F & U of FUD**) into this open conversation, which discourages participation here. It does no one any favors. + +**Look up the definition and legal prerequisites of stock manipulation.** It includes 1) penalty for non-compliance and 2) conspiring to share confidential (insider) information in a private/non-public setting or forum for material financial gain. + +1. In this subreddit, and all of the other GME subreddits, there is zero real-world penalty to coerce compliance, such as a financial fee or being fired from a job. (No, being banned for being a dick in a public forum does not count as a penalty. Banned users can still read the content in the subreddit.) +2. Literally any person in the world with an internet connection can view 100% of the information we're sharing, largely using public sources of government information or mainstream news articles as sources. + +So stop it. I think you mean well but you're horribly misinformed about what makes people lawsuit targets. + +**TL;DR: BUY HOLD DRS** (and don't set your money on fire with OTM near-dated calls) +I promised my self I will never invest in stocks mentioned here on pennystocks. I also promised myself I won't buy any stocks suggested by @Hugh_Henne or @Zack Morris. I made four trades in MVIS, MARK, RMBL, and KTOV, all of which I lost about $1000 on. I'm the only one to blame here cause I didn't do my DD, I just bought into a stock if I saw it mentioned in more than one source. I often bought and then it turns out that was the peak of the chart, then it goes downhill from there on all 4 stocks. Everytime I want to sell to cut my losses, the forums here says "hold till the PR, were going to the mooooooooon!" but instead it goes down even more. When I decided to do my own DD, I found TLSS, which I bought 50,000 shares at 0.02, and thankfully made back my losses quickly. After that experience, I promised my self I will never invest in a stock blindly, especially penny stocks that are hyped up on here. I've also noticed that these twitter trades only retweet success storries, and never the stocks they lost on. What are your thoughts and experiences? + +P.S: upvote so new traders don't make the same mistakes I did. + +Edit: I love seeing the comments that bash me and the ones that agree, cause that exactly what I want to communicate to new traders about trading blindly. Don't follow blindly! Do your own DD. Also for those that say they made money on Mark, I bought Mark on May 6th at 0.97, and sold the next day at 0.84 to cut my losses, probably because of something I read here on on twitter, or I panic sold. I bought MVIS at 1.45. All amateure mistakes. Yes that was a bad decision, but without any DD I couldn't have known better! Also note I didn't provide my DD on TlSS cause that would just defy everything I said in this post, you do your own DD! This subreddit has alot of good advise like not being too greedy and setting stop losses. Please new traders do your due diligence and you might have a way better start than me! Good luck! +Hi apes! I'm not a financial whatever, I know close to nothing about money, stocks and even less about cr1pt0. I like one stock. Also, apologies for some dates but the theory requires it. Finally, maybe I’m high on all this $200+ vibe, but hear me out and PLEASE correct any mistake you see. THANKS! + +**🚀 Gamestop Token** + +By now we all know about the [NFT subdomain](https://www.reddit.com/r/Superstonk/comments/nkxrhe/umm_guys_i_think_i_just_found_something/) ([u/bcuzyouknow](https://www.reddit.com/user/bcuzyouknow/)'s post) and the [Gamestop Token](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) (etherscan link). ~~Apparently the tokens to be issued are in pretty much the~~ ~~same quantity as the float available~~ ~~(~~[~~u/Smartch~~](https://www.reddit.com/user/Smartch/)~~'s post).~~ THIS WAS NOT THE OFFICIAL GAMESTOP COIN. + +There is also an issue date of 7/14 for the Gamestop Token. You can check it here [https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e#code](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e#code) by searching for 'launchDate' in the 'Contract Source Code'. That will show you a number 1626261600 which is the Unix Timestamp of 'Wed Jul 14 2021 11:20:00 GMT+0000'. + +**🚀 Ex Dividend** + +If GameStop intends to distribute the Gamestop Token, as a dividend, by July 14th, to all its shareholders (at least the official number…) they should have an [ex-dividend date](https://www.investopedia.com/terms/e/ex-dividend.asp) (Investopedia link). This ex-dividend means pretty much what 4/16 meant for voting: if you don't own shares by that date, you didn't get to vote. If you don't own shares by the ex-date you don't get the dividend. + +Now, I looked at past dividends from $GME and this ex-date is usually 2 or 3 weeks before the distribution date. If the distribution date is around 7/14, the ex-date would be by late June. + +**🚀 Token Dividend** + +There is speculation (lol...) that the float is shorted many many many times over, which means that a lot more than 58M people expect to get that dividend. If we were talking about a cash dividend it'd be no problem, because the shorts could just pay from their own pocket, cash is cash right? But if we are talking about a token, they can't make that up... they must cover! + +**🚀 MOASS Implications** + +Ok, putting 2 and 2 together. If all shorts need to cover by late June, the MOASS - which a lot of DD tell us it will not be a 15min thing - would have to start weeks before that. + +So my hypothesis here is: during the annual meeting GameStop will announce the token as a dividend. This will give shorts around 2 or 3 weeks to cover in time for the ex-date. + +**🚀 BONUS** + +If this in fact becomes true, how many apes will actually want to keep one of these early Gamestop tokens forever? I know I do! You know how you do that? You keep at least one $GME share. You don't sell it during the MOASS == **💎✋**. Not selling all the shares is not new, and by now we are all diamond head to toe, BUT we now have an external incentive to do so. Something to keep as a token from this whole saga, a collectible! And this means more fuel to the rocket. + +**🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀** + +**TL;DR: If there is a crypto dividend by July 14th, the MOASS would have to occur sometime before that.** + +**🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀** + +See you on the moon! + +Edit 1: added the TL;DR. + +Edit 2: Fixed the coin address. Thanks u/plzdontgetcaught. Apparently, there is a GameStop coin which is not the official one. This 'fake' one is also the one that has the Max Total Supply of 58M, so forget about that. The core of the theory still stands though. + +Edit 3: Added source of the 7/14 date. + +Edit 4: Thanks for the Platinum 🙏🏻 +Like many first year traders, emotion remains a big (if not the biggest) deterrent to my progress. Pinpointing the source cause of the problem was rather easy (lived with an overprotective attitude toward money my whole life stemming from practices within the family). Fixing it has been a bigger challenge. + +Here’s what I’m finding so far… + +- When I take profits, I feel like I’m on cloud nine. When I stop out, I feel like the rest of my trading day is going to be ruined. I don’t want to feel either, but it can’t be helped. My goal is to get to a point where I can robotically do both without feeling too high or low. + +- Even when executing a high-probability strategy (verified through countless backtests), there are always thoughts of “but this time…” For instance, “yes this fits your entry criteria, but this time you might lose, so don’t enter,” so that moment of hesitation keeps me out. The worst is “yes, it’s not at profit target, but this time it might not get there, so take profits now before it reverses,” and I hit out before it makes the move I wanted. + +I’ve done everything in the book to minimize these interferences—sizing down (I’m trading one or two shares now), not taking trades where the stop loss is too wide, and even binge-watching/rereading Mark Douglas—and it seems like I still can’t shake these emotions consistently enough at this time. + +My question is: for those who may have gone through similar emotional struggles, how long did it take you to conquer this hurdle? What specifically did you do to get there, or was it just time and/or experience that helped make it better? +I have a client who‘s current expenses are depleting her retirement resources at a rate that will leave her outliving her money, and will eventually force her to sell the physical assets she is emotionally tied to at whatever market conditions may exist when the time comes. + +She lives alone in a large house where the memories of her prior family life are keeping her from putting it up for sale and downsizing. She also has collector assets worth a relatively significant amount that could be liquidated, but she is not willing to part with them, again, due to emotional attachment. + +I know that if she were to take control of her collective capital now, and be diligent about managing her expenses, that I could help her avert a crisis headed her way in a few years. + +She knows intellectually what she SHOULD do, but emotionally is not willing to take the actions. + +Does anyone have recommendations or effective strategies for helping clients/people through this situation? + +Thanks in advance!! +So due to some family issues I have ended up with a fantastic deal on a car. It is a Subaru that has 40k miles, and only needs new breaks. They are trying to get rid of the car and offering it to me for only $400. It is a nice car and I know it was well kept. The only problem is I just brought a brand new car one year ago and am still making payments on it. Is it a good idea to buy a second car or will it cost me too much in maintenance and insurance? + +I am looking to buy my first house. My girlfriend of 1.5 years will be moving in and living with me. +She would like to be a co-borrower and legally responsible for the mortgage as well. + +Option 1: +We go in on the house together, we are both legally responsible for the debt and would pay it off together. If we break up I would plan on keeping the house and repaying the mortgage in full by myself as well as repaying a portion of the amount she has invested. The monthly payments are well within my means to pay. + +Option 2: +I get the mortgage without her as a co borrower. She has no legal obligations to the debt, no equity in the house and would pay me some fraction of bills and rent monthly. + +I am hesitant about option 1 since we have only been dating a year and a half, but option 2 also seems to be unfair to her. + +What are your thoughts, Reddit? Anything obvious I have over looked??? +Need help prioritizing goals + +Helping prioritize my goals here + +Hi everyone! + +Here are my goals +Mid term +- buy a house in 3 years roughly (5-10% down on a house) looking at $350k-$500k + +Short term +- be debt free (outside of the mortgage) +- $10k in savings + + +Income +- I'm making about $70-80k I might break $100,000 but due to the virus I'm being conservative +- my income does vary + +Assets +- I have about $3500 in my brokerage account +- $20,000 in my 401k +- I have a shareplan maturing up next October for about $4,000 +- ESPPs I'm putting 5% usually 10% into it but only have about $1,500 now +- a savings of $4000 + +Expenses +Rent - $1200 +Utilities - $150 +Car payment - $520 ends next year +Car Insurance - $200 + +Debt +$7000 on an amazon credit card with about 16% apr +$5900 on MasterCard 0% for 30 months +$1500 on capital one 16% apr +$400 for care credit - teeth issues + +My main goal is to wipe out my debt first and then start building my savings. It took me a while to build my career where I'll be making much more money. And I live in an expense city. + +I hate the burden of these credit cards and I need help on prioritizing on knocking these out. + +Primarily I want to knock out the credit care and build back up my savings. + +Update: Thank you everyone for your help! I've paid off the two smaller credit cards. I'm working on the amazon next while making payments on MasterCard. I'm liquidating my espps end of next month - I had much more than I thought to knock off half of my amazon card. + +Thankfully my business is picking up now and clients are coming back around so fingers crossed my income does increase a lot more this year. +Hi all, + +I’m currently 19 and am working for my father in construction. I make 15/hour. I currently have approx. 10k saved. + +I was originally planning to use this money for college. With the pandemic and all, I’m not seeing any use to go to college right now. It’s all online and if I were to go I’d honestly rather wait until it’s back to being in-person. Regardless. + +I come here to ask what my possibilities are with this 10k I have saved if I decide not to go. It is the tiniest cushion but I just want to feel out my options! + +Any help would be appreciated. Any questions I’m here to answer. Thanks! + +E: Also, I live with my family. They cover my food and all. I am eternally grateful for that and the job as it’s allowed me to save this without spending much. +I've been investing for a few years now and had some lucky breaks with a few stocks that have really helped me grow my portfolio. I really want to concentrate on dividend earnings and grow some solid passive income. Unfortunately, I have a bit of a fatalistic outlook emotionally because I grew up in a broke family and my father poorly mismanaged my parent's money. Because of this, I have a fear of investing a large amount long term (having only invested a few thousand previously) and losing it in a market crash, etc. + +I guess what I'm trying to ask is this: Is it really a viable option to invest 7-10k in various dividend stocks to earn passive income through those dividends? And I would reinvest the dividends so they compound until a point where I can comfortably live off the income. (Living off passive income is my personal goal) +What resources do you use or how did you learn strong knowledge about dividend investing? I have asked questions about portfolio diversity or what stocks to pick over others and was wondering how you guys learned this type of information. Any information will help. Thanks! +Hello everyone. I have started planning a dividend portfolio for a little extra after retirement. My retirement includes a pension and I contribute to a 457b and an HSA. The HSA I keep a certain amount of cash and invest the excess. + +I really like the idea of monthly dividend etfs like SPHD, JEPI, DIVO, etc. I'm considering SCHD also even though it's quarterly. Anyone have recommendations for a simple 3-4 etf monthly portfolio? + +This will be a taxable account for funds after the 457 and HSA contributions. I searched for answers to my question but couldn't anything. + +Thanks. +Gday. Testing the waters here and seeking advice or a slap back to reality with our (my gf an i) current situation. + +As per the title we are looking to get our foot in the door of the property market, and sooner rather than later. Impatience is starting to knock at the door. We are looking to purchase a first investment as we can not buy something in a location that we want to live in that suits our lives at the moment. + +- We make about a combined $120k per year (before tax) +- Gf has about 17k in savings. +- Our biggest expenses is rent at $1700 pcm. +- My personal problem is im paying off an old personal loan currently sitting at about $6k owing. About $130 repayments per week. The loan was larger but I've been pumping alot of my money into it to pay it off so I don't really have a little pocket of savings to invest at this time. + +I was thinking of borrowing money from my gf to pay out my loan, and then getting another loan (hopefully $20- $30k+.. optimistic much?) And then using that money + the remainder of hers to secure a small mortgage to look into buying something like a new apartment off the plan or maybe even a student accommodation style apartment to then rent out. + +Managing repayments isn't an issue. And obviously this is abit risky but it's something we are willing to do. I guess I would just like some outside on opinions on it. Can this be done? Should I forget it all & just wait another 10 years savings for a deposit? Thanks all. +In the call he stated that no one had any idea about what was happening, they’ve been too busy implementing the crypto market (CFD>"REAL") and haven’t had the time to go down the rabbit hole. + +When I started explaining to him about the DTCC and Cède and co, he had absolutely no idea what I was talking about and what that had to do with eToro or the stock market globally. + +Even going to the point of explaining to him how their company works, with the account statement being for eToro and the shares held in an omnibus account which is outside of eToro so they can’t give any information, he was shocked. He called me to explain the situation and left with me explaining to him how his company works and how the stock market is structured…when I explained the systemic problem that the DTCC has created by not distributing the shares that CS sent over to them he sounded particularly worried… + +This is basically just an informative post to state that the lower downs at eToro, just like a client relations persons at a bank, have no idea what’s going on. They repeat information given to them by the higher ups, who have no idea what’s going on because only those at the tippy top understand that they’re in a sticky situation which is out of their control. + +Once they send through the updated information which should be published in the next few days I’ll update. + +Just to note I’ve now pulled out 80% of my position from eToro and moving to CS this week. I think I’m going to pull everything out as I’m becoming convinced that the only real shares are in CS and literally every broker is selling synthetics without even realizing it. Hence Citadel’s $90~ billion shares sold not owned… + +Édit: thanks to this mornings fuckery with trading halts, I started having heart palpitations at the idea of missing out so I’ve gone and liquidated the rest from eToro and I’m going 100% DRS ! Thanks for the push! +Title. I have done a lot of DD and figure this might be a smooth brained moment, but I wasn't sure if registering the shares through a broker did more damage to the hedgies than ordering through Computershare. Also, I've read things off and on about selling off of Computershare but am looking for a straight forward Explain like I have a crayon in my eyeball of, is selling on CS the best way to go during the MOASS? Will I be able to get those big juicy gains once we hit the floor easily? Or will it be slow and I will have to wait a few days? I've already DRS'd my xx shares, but now I am going in big time and want to do it right. I understand that none of what any of you tell me is financial advice, I am just looking for the straight forward answers. + +Edit: spelling +Hi, I lived in a same place for 6 months and Landlord started asking that I payed my rent in cash. I explained to him that my daily withdraw limits makes this very uncomfortable to me. He finally said that this is for tax reasons and if I want to pay by transfer he'll have to increase rent by 20&#37;. At this point I obviously just want to move out of this place but obviously he holds my deposit. Since, as I now understand, he is renting illegally what should i do? Or perhaps it's normal to do it? +Compared to altcoins, Bitcoin’s sidechain/layer2 functionality has more community, competition, tech, people, capital, flexibility. + +And it is here today. + +* There is Lighting of course with near instant transactions and near zero fees at any scale. + +* There are fully anonymous transactions via [ZeroLink](https://medium.com/@nopara73/introducing-zerolink-the-bitcoin-fungibility-framework-dc5338086198) and [TumbleBit](http://cs-people.bu.edu/heilman/tumblebit/) + +* Smart contracts and instant payment via [RSK](https://www.rsk.co/) + +* Near instant and confidential trading between exchanges via [Liquid]( https://blockstream.com/liquid/) + +And much more underway now...and this is still just the dawn...not even sidechain gen1...just the sunrise. + +My parents have asked me if they can have my bank details. They said it's just for ID checks as they are getting a new mobile phone. Does this mean they are trying to take out credit in my name? They have terrible credit themselves and I don't want them doing this. Is it even legal? + +I presume if they are taking credit out in my name, they would change the payment details to theirs before the first payment, but surely this will show on my credit file? + +I bought them a phone on contract years ago as a gift, but I haven't been paying that for years. Could it be linked to this? + +They said 1p will be taken and returned to my account. They were very blasé and vague about it and haven't replied to my text after I texted them questioning why, which makes me suspicious. Should I be? Or is this nothing to worry about? +Hello UKPF! + +My partner and I viewed a house yesterday, which was in a great area and in our budget. We loved it! + +Now, we are dwelling on what we can put as an offer. We have our deposit saved, plus enough for all the fees and the stamp duty. We have no chain as we are currently renting. The house is a new build and has been on the market for a week. Both the vendor and the estate agent said there are offers for it at the asking price. Although, I don't know how much I can trust them... + +The vendor said he is looking to sell the property as quickly as possible as he is developing a few other properties and he needs the money. + +The house was lovely, but there were a few bits which were red flags for me: the paint had chipped in a few places, there were cracks on the walls and light fixtures were gaping a little bit. I know these are all things that can easily be fixed but it looked to me like the house was rushed a little bit. + +We want to offer the asking price but with a completion date in January, as we are locked in our rent contract up until March. However, I would feel a bit cheated if I knew I could have offered a lower price. The price of the house seems quite reasonable after my area research. + +So my question is, how many of you offered the asking price as a first offer on a property? Did you have any other conditions in your offer? And how likely do you think a vendor would be to accept an offer with a completion date in January? + +Thanks in advance to everyone! +We just had our son a few weeks ago and my wife mentioned setting up a savings account and depositing $100 monthly for him. I’m 100% on board with beginning to invest for him but the savings account doesn’t seem to be the best option. I’d think investing in ETFs for 18 years would offer a better return. Is anyone out there willing to offer any advice? Thanks in advance!! + +Edit: I genuinely want to thank everyone for sharing their advice and experiences. I come from a poor family with essentially no financial knowledge, just living week to week. I’m the first to be *somewhat* successful and want to be able to provide more for my children while also teaching them financial literacy. I’m still learning myself so that I can teach them. So again, I truly appreciate everyone’s advice. +GameStop’s Ryan Cohen – along with his RC Ventures LLC – had disclosed a 9.8 percent stake in Bed Bath & Beyond back in March 2022. Crucially, Cohen also purchased 2023 call options on BBBY shares, with strike prices ranging between $60 and $80. For reference, the stock closed on Friday at $12.95 per share. While these bullish bets had appeared outlandish back in March, given the ongoing short squeeze in BBBY shares, it remains within the realm of the possible that Ryan Cohen’s call options enter the in-the-money territory. Even if that does not occur, any rally that takes the stock above $30 – which was the stock’s rough price level toward the end of March – will result in outsized gains for Cohen on the back of the increase in these options’ intrinsic value. + +Read the full article: [https://wccftech.com/as-the-short-squeeze-in-bed-bath-beyond-bbby-continues-ryan-cohens-ultra-bullish-bet-on-the-stock-does-not-sound-so-outlandish-now/](https://wccftech.com/as-the-short-squeeze-in-bed-bath-beyond-bbby-continues-ryan-cohens-ultra-bullish-bet-on-the-stock-does-not-sound-so-outlandish-now/) + +https://preview.redd.it/815ci7zr62i91.png?width=1341&format=png&auto=webp&s=ac1ca63e10737d1e15ac5be1768605823f60deb1 + +Source:[https://www.sec.gov/Archives/edgar/data/0001822844/000119380522001197/xslF345X02/e621885\_3-bbby.xml](https://www.sec.gov/Archives/edgar/data/0001822844/000119380522001197/xslF345X02/e621885_3-bbby.xml) + +GameStop (GME) chair Ryan Cohen has disclosed he is still in his call options for BBBY. He bought on April 21, 2022 at strike price of $60, $75, and $80 expiring on Jan 20th 2023. BBBY is currently trading at $16. How much do you think BBBY will be trading by Jan 2023? +For a long time, I didn't have a job and had to live off of my limited emergency savings. Now, even though I have a job, I'm still budgeting the same way. I can't even justify spending money on food; there are times when I don't eat for days because I don't want to spend money. +How do I stop being so stingy? I finally have financial security, but I can't get rid of this impoverished mindset. It's almost like I can't wrap my head around the fact that I'm going to get paid again after I spend money. I want to be able to enjoy spending (a reasonable amount) what I've earned. +Across the many invest/stock subs there is a lot of meme stock posting going around. I am not against this by itself, as there is money to be made, but be smart, especially those who are new to this. + +We have all been there, bought a stock at $10 it goes up to $20 and you're like, it will never fall, then it goes to $15 and you say, when it is back to $20, then I'll sell. You end up selling at $7 for a loss. + +When stocks have these crazy runs, just 'stop-loss limit sell orders. For example, I'm currently in $CLOV, bought in at $11.65. It's currently trading at $16.10 at the time of post. I have a 'stop-loss limit' order at $15. Meaning, if the stock drops to that level, it sells automatically. + +Of course, it could drop to that level, I sell, and then it rockets to $25, but ignore those. This will guarantee I can ONLY make a profit. I HIGHLY recommend you use these automatic sell triggers to prevent yourself from believing STONKS can ONLY go up. Guarantee you make a profit and while you may be sad when you sell a little early, you will love it when you don't take a loss which I guarantee most of these meme stocks will turn out to be in the long run. + +tl:dr Use stop-loss limit orders to not get screwed over when the bubble burst. Enjoy the ride and I hope you all become super-rich one day (if you're not there already)! +http://www.marketwatch.com/story/costo-quarterly-earnings-fall-more-than-3-2015-12-09 + +75% of Costco revenue is derived from memberships, which fell this quarter. + +Still the GOAT place to shop. + +edit: 75% of operating profits, not revenue. I have been corrected. +Hi all, + +I understand that a lot of stuff is suboptimal right now, with supply chain issues, labor market, the war etc. But I keep thinking that it's in a way ignorant to only point the finger at JPOW and the FED for the high inflation, bonds market under pressure tc...I mean yes, I understand how the mechanics work, but bear (no pun intended) with me. When Corona was gaining speed, people were begging for QE's, keep the printer on, which I understood, and made sense in a way. Investor would go apeshit crazy both in Europe and the US if the ECB or FED would even slightly mention an interest hike. I remember quotes "all that it takes to keep the economy going" and " we are not even thinking about thinking to raise the rates". So investors would be pleased , and money kept flowing, with several rounds of stimulus checks in the US. Even under political pressure ( Trump also pushed this). People screaming and shreeking if the FED would even have a "hawkish" tone on this. JPOW being called incompetent if he would not understand the needs of the economy. The FED initially wasn't a big fan of just keeping the printer on without limits and had reservations. + +Now of course, with all the supply chain issues, shortages and cash flowing around obviously inflation is rising, partly to feed the growing economy and also because of other factors like people spending more etc. Now the FED announced the hikes, and people are still shreeking. I understand that having higher interests, those hikes will not benefit the labour market, but something has to be done to keep the inflation under control, no? I AM NOT DEFENDING JPOW OR THE FED, quotes like "inflation is transitory" were weird to me, and I have the personal feeling they are making decision to save their own seats as well. I am also aware that it is much more complex than this. For example, interests hikes are probaly necessary, but what was the right timing?TLDR: : the FED caused a river of money to flow, people were happy, and now that the consequences are there in the form of inflation, people are pissed that the FED is proposing interest rate hikes. + +What do you all think? +Breaking News from G&M: https://www.theglobeandmail.com/cannabis/article-marlboro-maker-altria-in-talks-with-pot-grower-aphria/?cmpid=rss + +**Click here to read: https://outline.com/ya56Fj** + +This will probably spark up the space agian for another run, this company is **3x market cap** over constellation, also Aphria is considered one of the most rational, undervalued and looked over companies in the space. +Please keep this daily discussion limited to discussion focused on $GME. A new daily discussion will be generated each day, and previous discussions can be viewed through the Collections sytem. + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +Remember that you can [**use the flair index to filter posts**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/). + +*Daily discussion threads are created at 4:00 a.m. EDT* +https://twitter.com/DooWanNam/status/1524915757938667521 + +The source article is in Korean, but here's the Google translation https://news-mt-co-kr.translate.goog/mtview.php?no=2022051308574726920&MT_T&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp + +He needs to totally get himself and his family into a bunker, move out of the country, or something. He's ruined a lot of people's lives. Better yet, he should just turn himself into the police and get himself in jail. Sooner or later, he'll end up there anyway. +Fair is fair, and so here goes. Previously I posted about my first encounter with Coinbase, and how they cancelled my order for being "high risk". I read all of your comments, and contacted support. +Bottom line...it took a couple of weeks for them to sort it out, but they honored my original order, even though the price had tripled. As far as I'm concerned, they did great! +I want to get a hold on the daily happenings and learn about how finance and investing works and also gain knowledge about the economy. +I would like to make a career as a finance professional, but I feel my knowledge is limited. I want to be updated about the current happenings, develop deep understanding about economics and markets and develop good analytical skills. +What resources - newspapers, magazines, blogs, articles, books, websites podcasts, tv channels, etc - should I refer to? +I have started reading The Economic Times though I don't understand much of it. +What else should I do? Are subscriptions to magazines such as The Economist or websites like the Financial Times useful? +Also are there any blogs or websites that offer good analytical and intelligent content? Any good longform articles that I should refer to? +Are there any good apps/websites that aggregate or curate news? +Whats your opinion on the ongoing rally at the markets? Are you buying actively or sitting out(Equities & Mutual Funds)? Also, what could be the impact of Brexit on Nifty? Please give out your opinions or hypothesis. +Sold a $10 wide credit spread on TSLA today for a $90 credit today ($990/$980 calls). This trade loses money if TSLA is over $976 by the Feb expiration cycle. TSLA would have a $919 billion market cap at this stock price. + +I know, I know, never bet against TSLA. In this case I think it's had an incredible run lately and adding another 33% to the stock price is very unlikely in the next 46 days. +My wife and I are looking to buy and trying to work out how far to stretch. + +We can in a fortunate position to be able to get what we “need” for half the amount that the banks are willing to lend (according to the websites) so we are wandering if it would be wiser to stretch ourselves and get something that might meet our potential needs for the longer term future …. + +What multiple of your combined household income is the norm ? +I have created a spreadsheet visualizing and quantifying where exactly this $1T is going towards, suprised when EV spending only was $15B. [https://docs.google.com/spreadsheets/d/19APybZGOdsTe3bVSaDcduXnrSrGuUclZeR4aWsf5WVE/edit#gid=0](https://docs.google.com/spreadsheets/d/19APybZGOdsTe3bVSaDcduXnrSrGuUclZeR4aWsf5WVE/edit#gid=0) +I have recently shared my latest project with you guys - a trading algorithm connected to Binance that buys cryptocurrencies based on how positive the daily news sentiment is for the top 100 crypto news feeds. + +With the help of some talented Redditors and GitHub contributors, the algorithm is now more powerful than before, allowing you to further configure how you would like it to trade. + +Many of the improvements made, were actually suggested by you in the previous post, so thanks to you all, there is now a better news algo that we can all use! + +The algorithm analyses the news sentiment from biggest crypto news sites, and automatically decides what coins to buy or sell based on how many times a coin is mentioned across all headlines, and how positively or negatively it's depicted in the news headlines. + +I've been working on this project for about a month now, and I can say that the bot is now in a state where it can be used and it's stable! I haven't yet tested it on the mainnet but I will put together some reports on its performance on the testnet and will post on here. + +&#x200B; + +Here is the link to the open-sourced project: + +[https://github.com/CyberPunkMetalHead/Binance-News-Sentiment-Bot](https://github.com/CyberPunkMetalHead/Binance-News-Sentiment-Bot) + +And here is a step-by-step guide if you would like to set the bot up yourself but you need some more guidance on how to do so: + +[https://www.cryptomaton.org/2021/04/17/how-to-code-a-binance-crypto-trading-bot-that-trades-based-on-daily-news-sentiment/](https://www.cryptomaton.org/2021/04/17/how-to-code-a-binance-crypto-trading-bot-that-trades-based-on-daily-news-sentiment/) + +This is a guide on how to set up the base version, not including the latest updates, for a guide on how to add additional featured to the bot please see: + +[https://www.cryptomaton.org/2021/04/24/improving-binance-news-trading-algorithm/](https://www.cryptomaton.org/2021/04/24/improving-binance-news-trading-algorithm/) + +If you do follow either guides, I suggest working off of the code posted on GitHub as that contains the updated latest version of the algo. + +Happy coding! +I saw the top post on here, and I dove further into some of the companies listed on Gamestop's 13F. First I signed up for whalewisdom so that I could download the report to Excel. I then, filtered it based on PUT positions. Then I went to brokercheck to find each company. The companies that didn't provide any information I marked as "Fake" in column C to research more. I then went back to whalewisdom and put those companies in there. Most, but not all had a listing of positions and Assets Under Management. Not all had AUM listed. + +&#x200B; + +[Gamestop's 13F](https://preview.redd.it/ne3dux6612l81.png?width=1360&format=png&auto=webp&s=b9370c0d402efb2de65af32e28fd13e4f669a08a) + +Based on what I found in whalewisdom, I do not believe any of these companies to be fake. Even the CMT capital markets is shown as being in business since 1996 as shown here: + +&#x200B; + +[CMT listing under dnb.com](https://preview.redd.it/tmmhuorw02l81.png?width=1109&format=png&auto=webp&s=203c340a29d19d69f0c41bedfcb593d9720bffd1) + +I hope this provides more clarity and a better picture, so that apes aren't out thinking there are fake companies being used to baghold or hide positions. All these companies appear legit, and truly hold large put volumes of GME. + +Cheers, apes +CNBC’s Jim Cramer on Wednesday said that investors urging traders to exit the market while they still can are about a year too late. + +“I’m done with all the ‘now is the time to get out’ calls — where the heck were you 10 months ago when it mattered? It’s not just the post-Covid kiss of death, it’s multiple kisses, multiple fatalities,” he said. + +Stocks rose slightly higher on Wednesday as they fought to recover after the major indexes saw the biggest single-day drop in over two years on Tuesday. Investors also are eyeing the Federal Reserve’s meeting next week, where it’s expected to raise interest rates by 75 or 100 basis points. A basis point is 0.01 percentage point. + +While persistent inflation and the Fed’s battle against it could further wreck the market, the declines are nothing new, the “Mad Money” host said. + +According to Cramer, while there are industries that have seen huge declines this year, such as tech, there are also lower-profile bear markets that show the market declines have been far-reaching. + +Auto companies have seen losses this year, as have retail stocks, he pointed out. Companies with business in home renovation have also struggled, while telecommunications and entertainment stocks have also cratered, he added. + +“We’re already nearly a year into this decline. I just wish the so-called professionals would act like it,” Cramer said. + +Source: [https://www.cnbc.com/2022/09/14/jim-cramer-calls-on-wall-street-to-stop-the-get-out-calls.html](https://www.cnbc.com/2022/09/14/jim-cramer-calls-on-wall-street-to-stop-the-get-out-calls.html) + + Jim Cramer says “I’m done with all the ‘now is the time to get out’ calls... where the heck were you 10 months ago when it mattered?”, and that to exit the market while still can are about a year too late. Do you agree? +Am I the only one seeing the potential for this new tactic by the HFs? + +Instead of trying to push the price down, which coagulates more people in the battle (and eventually attracts even more retail investors), they could momentarily try to control the rise to 300-500$, so to give the (false) impression that the peak has been reached. + +Transforming lots of people's hands in paper (EDIT 2: especially if the price then is pushed down quickly)? + +It would be risky and probably cost millions, but it would also save TRILLIONS and - in the process of going up - the HFs will find a way to make money in any case. + +Thoughts? + +**EDIT 1** \--> **TL:DR** "I will convince myself that the HFs have STARTED to lose control only when the stock will be above 10K." + +**EDIT 2** \--> "Market Maker “A” with the FTD can work in collaboration with Market Maker “B”. “A” locates and borrows shares from “B”. However, “B” uses a naked short to supply the borrowed stock. + +* “A” no longer has an FTD. +* “B” is now naked short the shares and has six days to find and locate. +* If “B” does not find and locate, they have an FTD. “B” then can buy the shares from Market Maker “C” who executes a naked short, ad infinitum. + +This is called rolling over a position and can be done for a very long time. Obviously, it requires a conspiracy between Market Maker “A”, Market Maker “B” etc. + +[https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-legal-shorting-of-stocks-is-a-losers-game-but-illegal-naked-shorting-transforms-it-into-a-winners-game/](https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-legal-shorting-of-stocks-is-a-losers-game-but-illegal-naked-shorting-transforms-it-into-a-winners-game/) + +**EDIT 3: 10th of March** \-Here you go, pump and dump + +&#x200B; + +https://preview.redd.it/2h2l05ht19m61.png?width=311&format=png&auto=webp&s=5bccb516f169b17e56ce6c6a50b41885e3552cd1 +For anyone interested in the airline business: + +" Irish budget airline Ryanair Holdings PLC [RYA](https://www.marketwatch.com/investing/stock/RYA?countrycode=&mod=MW_story_quote) said late Thursday that Chief Executive Michael O'Leary has sold 2 million ordinary shares at 16.49 euros ($19.29) each, equating to EUR33 million. + +The shares were sold on Wednesday Ryanair disclosed in a stock exchange filing. It didn't say how many shares Mr. O'Leary retains. However, according to the company's most recent accounts published last July, Mr. O'Leary held 46.1 million shares, or 3.8&#37; of the company's issued share capital at June 30, 2017. No public disclosures have been made since then...." + +[https://www.marketwatch.com/story/ryanair\-ceo\-sells\-2\-million\-shares\-in\-airline\-2018\-06\-01](https://www.marketwatch.com/story/ryanair-ceo-sells-2-million-shares-in-airline-2018-06-01) +Low interest rates mean that now is actually the worst time possible to get a home loan. + +If you think about it. There's nothing but upside risk for interest rates. The market doesn't price this in as people's appetite for lending increases as the bank is willing to lend them more money and lower interest rates mean prices rise as everyone is rushing to borrow more money and competing with each other for limited resources. + +This is what happens to your repayments when interest rates start to rise again: + +https://preview.redd.it/naskuuqjwmq61.png?width=865&format=png&auto=webp&s=f8643b9da27698032c39b5982ca206e6a4c31227 + +The loan in row 2 is priced at the cheapest loan I could find on a comparison site at 2.14% and assumes a 30 year term with monthly repayments. + +Sure interest rates may not rise soon but most loans are 30 year loans and even if you pay it off 5 years early (which is a lot of extra repayments) that's still a 25 year loan which is a very long time. No one can predict where interest rates will be even in 10 years. + +But regardless of this all the market sees is, wow, low interest rates, I can borrow more money! More risk and more chance you could be paying 8% on your fat mortgage which may even see you unable to make the repayments. + +&#x200B; + +&#x200B; +39, married, 2 young kids, $5M NW. Have an employment contract so the process of actually being out will take a while, but I started it today. With some luck I’m RE by end of year. Was hard because I helped build the company (and 80% of my NW came from it), but it’s time. Felt like a weight off my shoulders to have started the process. +For a while now when making a transfer between accounts on the ANZ mobile app it selects your credit card as the default account for the transfer and tries to trick users into taking a cash advance. + +Yesterday I did it; I wasn't paying attention and accidentally took a cash advance. The worst part is the app didn't warn me that I was taking a cash advance, it was just the standard confirmation that I had seen hundreds of times before and I tapped confirm without properly reading it. + +I don't like being tricked so I called ANZ to cancel the card and they were very polite but keen to keep me as a customer. They offered to waive the cash advance fee if I stayed but I countered by suggesting they should waive the fee and then cancel the card. I won. + +Happy New Year AusFinance + +Edit: It was the Android app +Happy Monday Apes. With all of the hype and pomp surrounding Pulte/BCG/RC/Gamestop, I felt I needed to take a moment and share something with you. BCG is NOT the only bad actor that has been ruining companies/institutions we love, or did love, until they were destroyed. This is international and GLOBAL. There are 2 other major firms used by various governments and banking institutions around the world. Those other actors happen to be Bain and Company, and McKinsey and Company. These other 2 firms perform the EXACT same function in the EXACT same scale, and I assert, for the EXACT same reasons. BCG was just foolish enough to get attention by trying to sue RC and Gamestop. That got the attention of the APES. That was a VERY foolish move, born out of ego and hubris. + +Look at McKinsey involvement in the British Parliament and where they are "consulting". + +Look at Bain and Company and look at their major "clients" + +This is much bigger than just BCG. The "Big Three" have been used for DECADES to destabilize and extract wealth from EVERY corner of our society, and only destruction has followed in their wake. + +Look Apes...there is more to see than they are letting you see. Especially Europoor Apes... NHS and Education; see just who is doing the "consulting" in efficiency and cost savings for your touted and beloved institutions. + +Enjoy the hunt Apes...I think we are finally on to the real blood trail...now we get to see where all the bodies are buried...so to speak (I think) +Alright friends, it's time for yet another "it's your money or your life" post. Quick background information time: gf and I want to get married and move in together. As per our frugal nature, we are planning on a very cheap courthouse wedding with our close friends and family, "white dress" wedding will be put off till we can afford it. However...she doesn't have a job lined up yet in my area. As common sense would go, employers highly prefer locals who are already living in the area. We expect it would take her 3 months or less to find a job once she can officially prove that she lives in the area. + +Anyway, in the interim where she is looking for a job, obviously the bills would fall to me. However...the math looks like we would actually be just fine. Take a look at my numbers and tell me what you all think. + +Estimated Rent: 685 + +Estimated Renter's Insurance: 17 + + +My Car Insurance (Car itself is fully paid off): 125 + +*Quick note here on car insurance, this rate will go way down once I turn 25 this year + +Estimated gas budget: 50 + +My Health/Dental Insurance (automatically comes out of paycheck): 68.58 + +Phone plan + Phone Payment: 58 + +Estimated Groceries for two people: 384 + +*Source: [USDA](https://www.cnpp.usda.gov/sites/default/files/CostofFoodApr2017.pdf) + +My medical prescription: 25 + +Taxes in the 15% bracket + Social Security Tax + Medicare Tax: 472.87 + +My hourly rate: 14.84 at 37.5 hours a week plus opportunities for overtime + +With these numbers, even accounting for months with *zero* overtime, I'm posting about 500 in the green after all expenses, taxes, and health care deductions. Her parents will temporarily be paying for all of "her" expenses such as her health insurance, gas, her car, etc. Thoughts? + +Edit 1: All utilities are included except an optional cable plan, which we won't be buying. + +Edit 2: Added federal taxes. Location does not carry state or local tax + +Edit 3: Added Social Security and Medicare Taxes. +Hello everyone. We are WeNano. + +We are excited to be able to engage one of the largest (if not the largest) cryptocurrency communities on the internet. Our main goal today is to hopefully give people a better idea of what WeNano is, what it isn’t, and what we hope to grow into.  + +A very top level view of our platform breaks down to us being an independent currency distribution platform which enables anyone in the world to be able to give to any person, community or cause in the world with the least amount of friction as possible.The main method of navigation on our platform is via the world map which displays all the different Spots that real world users have set up to help distribute what we and our users believe to be one of the easiest decentralized currencies to transact with: Nano. This has enabled so many individual users to distribute Nano to anywhere in the world without worrying about fees, delays, or technical difficulties. We have also caught the attention of globally focused charities that are looking to harness the power of decentralized digital currency to better meet the needs of their respective clients. + +We have so many plans for this platform and are incredibly happy and proud of the great support we have received so far from both the Nano Community and the crypto community as a whole. To help get into the details of what we have going on we have a few of our core team members here to help answer some questions.  + +u/Tipanano \- Anders - Founder + +u/Sbhuson \- Scott - Lead Backend Developer + +u/Benlo_0 \- Ben - Brand / Communications Manager + +You can download the app for Android or iOS by visiting our site here: wenano.net + +We’ll be on at 4:00 pm EST/ 1:00 pm PST to start answering questions. + +So without further ado, Ask us Anything! + +Edit: Awesome to see a lot of new users trying out the app for the first time. If you have support questions heading over to our discord: [https://discord.gg/mscWSBBF](https://discord.gg/mscWSBBF) is probably the best option! + +That just about does it for our first AMA ever. Thank you to everyone who submitted great questions and also thank you to all who helped us answer some of these questions! + +Also a huge thanks to r/CryptoCurrency and their modteam for reaching out to us and for letting us do this here, greatly appreciated! + +We will be hosting a bit of an after party on the ISS Spot in the WeNano app for the next hour so come join us to keep this excitement going. See you all soon! Install the app, and tap here to be on your way to the moon: [https://s.wena.no/s/3fbrbwxu](https://s.wena.no/s/3fbrbwxu) + +&#x200B; + +&#x200B; +I know it is focused on US personal finance, but I found it really interesting - particularly the credit card and pensions episodes. What did you think of it? +This is not a shitpost, I’ve included screenshots and will provide additional if needed by the ghey mods to show this is real. + +Someone logged into my Robinhood account (allegedly from a device in Iowa) and linked a new bank account. Then immediately they transferred $15k into my Robinhood account. I was out at the time of seeing this, but after seeing a text notification about this on my phone I quickly logged onto Robinhood in a panic and changed my password and then changed my password to the email I use for it. So far, nothing has changed so I don’t think they were able to get into my account since the password change. The $15k is set to clear on the 10th (Tuesday) and I’m thinking about this non stop because why would this happen? I emailed Robinhood about it and they haven’t replied yet. + +I posted on legaladvice and the responses were lackluster but one commenter advised me to stay away from WSB for a while so I figure I might as well come here to get a second opinion. What do I do? +Well i was looking at surrounding properties and it seems many landlords did this, paying their tenants electricity and hot water. This seems like a risk you are opening up your self too, especially if you live in a northern climate where most of your electricity is for heating. + +The flip side i guess would be its another expense you can deduct on your taxes. Just is it worth it, imagine getting the tenant who likes to blast heat and keep the windows open? or has a secret grow op using power all day long. + +Anyways i wanted more on the reasoning behind this? + +Personally do not include it, to avoid surprises. +Do you guys generally get mortgages through mortgage brokers, or shop around directly with lenders? + +I would think brokers have broader reach, but their cut might eat into returns? + +Please let me know how the experts on this sub approach this. +I just inherited a home from my great Aunt in Mid-Michigan. She had ripped out all of the old carpeting to find hardwood floors throughout the whole home. In the middle of the living room is a large black stain on the flooring (maybe from water from the previous owners?) +I plan on selling this home. The real estate agent said that we MUST carpet the area in order to sell the home for top dollar ($125k). I feel we should just give any buyer a 2-3k credit for it. + +Do we really need to carpet or will a credit entice buyers? I am listening to EVERY other thing they are suggesting but am curious about this one. +I have no property management experience and I am looking at a property that is 11 units split between 3 buildings. Is this something I could manage myself? Also what would a management company normally charge? I am in the midwest if it makes any difference. Also the property is about 50 minutes from where I live. Thanks +https://www.wired.com/2016/12/overstock-com-issues-stock-via-bitcoin-blockchain/?mbid=social_fb + +So since no one will by their shares on the NYSE I guess there giving this a shot? Will be interesting to see if any other companies follow suit. +Insurance Cost. + +Health, home, auto, it doesn't matter. + +Wealthy people can "self-insure." I got a bonus from work and decided to hold it in an emergency fund. I came to realize that it would allow me to cover a higher deductible on my insurance coverage. + +Increasing my deductible to the highest amounts reduced my premiums by thousands. Reducing this outflow of an expense increases my wealth. + +Because I choose a high deductible plan, I can put money in an HSA, which is essentially my own wealth. + +I know not everyone can do these things for various reasons. I only recently was able to do something like this, and it was pretty eye opening. I just thought it was a good example of "It's expensive being poor." +Wound up by administrators. Everyone should get their money back. Neil Woodford himself disagrees with the decision. + +> "After careful consideration, the decision has now been taken not to reopen the fund and instead to wind it up as soon as practicable. This is with a view to returning cash to investors at the earliest opportunity." + +> [Woodford] has criticised the decision made by the fund's administrators, claiming it is not in the long-term interests of investors. + +> Those investors will not get any money back until mid-January at the earliest owing to financial rules. + +Source: https://www.bbc.com/news/business-50052945 +I was browsing coinmarketcap and searched for doge to see if it was below 0.1 again, and while I was disappointed to see it still hasn't, i found some other gems. + +May I introduce you to: + +DogeToken (DOGET) + +DogeCash (DOGEC) + +Dogefi (DOGEFI) + +DogeSwap (DOGES) + +DogeKiller (LEASH) + +and the most hilarious one, beware of + +Dogelon Mars (ELON) + +Like, do those ~~devs~~ scammers even waste more than a few seconds for coming up with a name? First, safemoon, then elongate, and now dogelon mars? *Really*? + +Maybe I'll yolo all my life savings of 3.82$ into ELON lol + +Edit: thanks for the 10 karma. Assuming this is about 50 cents I will now be able to afford hot water for my ramen instead of eating the bricks uncooked +I am 25 and my target retirement year I want to be 2065. + +What are your thoughts on JEPI? I want a high dividend stock in my portfolio. Right now the only dividend stocks I have are QQQ, VUG, and SCHD. The monthly dividend from JEPI look very enticing. +If you are still in the accumulation phase lower prices just mean you get more shares at a discount. If you are in the draw down as long as your investments continue to pay regularly you have no need to worry. The bears will try to convince you to lock in your paper losses, ignore them. +# Introduction: + +Ohiogozaimasu everyone. I am back again for another speculation analysis. Obligatory warning: I am in the computer science space, This is just my take on the pharmacy field. + +Sector: Healthcare (pharmaceuticals) + +## Company Strengths & Risks: +WBA: +WBA owns Duane Reade and Walgreens with global outreach and beauty brands. + +> -rapidly increasing total assets + +> -Decreasing total equity + +> -(Speculation) WBA seems to be going for accessing all medications rather than making deals with insurance like CVS is doing + +WBA has been slimming down its costs for years. This is good for a rebound play. WBA has a historic yield between 2-3%. Due to covid, it has jumped to a 4% yield. WBA has also been committed to increasing the dividend payout. + +CVS: + +CVS is ranked 5th on the Fortune 500 list. CVS recently merged with Aetna. CVS has been aggressively partnering with insurance to drive growth. + +> -Revenue has been up year over year + +> -Shifting operating expenses to benefits costs + +> -Assets nearly doubled from last year + +> -Aggressively growth oriented + +> -(Speculation) From the pharmacists I have spoken with, CVS is willing to shift locations of pharmacists if they do not maintain a quota to maintain and raise profits at the expense of the workers + +CVS has been rapidly shifting its views towards growth rather than dividend growth. They are just as committed to paying dividends as WBA, just not as focused on increasing their dividends right now. + +## The Maths + +WBA: +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/WBA/dividends/dividend-growth) and [Yahoo Finance](https://finance.yahoo.com/quote/WBA/balance-sheet?p=WBA) as of Nov 26 2020 + +CVS: +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/CVS/dividends/dividend-growth) and [Yahoo Finance](https://finance.yahoo.com/quote/CVS/balance-sheet?p=CVS) as of Nov 26 2020 + +Stock | WBA | CVS +-----------------------------|-------- | -------- +Stock price | $43.41 | $74.50 +Current Annual Payout/Share | $1.87 | $2.00 +Yield | 4.31%* | 2.68% +10 Yr Div Growth Rate | 13.63% | 20.69% +3 Yr Div Growth Rate | 6.88% | 5.57% +1 Yr Div Growth Rate | 3.06% | 0% +Years Of Growth | 43 | 0 +Current Payout Ratio | 38.79% | 26.91 % +Free Cash Flow / Share | 4.69 | 9.63 +Revenue | 139B | 266B +Debt / Equity Ratio | .738 | 1.394 + +\* Historic yield of about 3% + +WBA is the better bet for dividend appreciation. CVS seems better for growth and balance sheets. This can be seen as WBA dropped from 59.08 in December 2019 to 35.43 in September 2020, for a drop of 40%. This price hasn't recovered yet. Compare this to CVS of 73.57 in December 2019 to 57.32 in September 2020, for a drop of 23%. CVS clearly is less volatile. + +Potential payout based on 3 year growth rate (estimate. Actual mileage may vary) + +I will set back CVS a year to mimic its current behavior. + +Year | WBA | CVS +------|------------| --------- +2021 | 2.00 | 2.00 +2022 | 2.13 | 2.11 +2023 | 2.28 | 2.23 +2024 | 2.44 | 2.35 + +## Amazon Entering the Pharmaceutical Space +Amazon recently announced that they were entering the pharmaceutical space. I want to give my thoughts on this and why I think this news is being overhyped. + +- Amazon is not entering the narcotic space. Pharmacies are still needed for that. As with flu shots. Getting this all in one place is still a “pharmacy” aspect that I do not think Amazon can mimic yet. +- Which leads to the pandemic aspect. I dont know many pharmacists willing to directly expose themselves to other people’s homes. Safely behind a veil at the counter or booth is one thing but open contact with another is up for debate to me. +- Human and expert aspect: Human interaction cannot be understated to me. Yes it is faster with Amazon’s automation but having an actual source of blame or connection is understated to me. +- Widened information spread- Everyone who has access to your Amazon account will have access to your order history and cart. Sure, it may just be for Ibuprofen or Hydrocortisone but this may still be something that you want to keep private. +- Multi Accounting to abuse the system. If a person has more than one amazon account, it is reasonable to assume that uniqueness of prescriptions may not be possible. After all, how do you distinguish between 2 pictures of prednisone (a corticosteroid, aka steroid) prescription? This can lead to easier overdoses. I am not certain that all doctors will accept Amazon, even for a while. Thus, “duplicating” prescriptions may become a problem. + +That all being said, convenience, couponing with online sources like Honey, and gift cards are all aspects that Amazon has over pharmacies. To my knowledge, pharmacies are facing issues with people claiming to have not received their medication or that the designated recipient never received/delivered the medication is an ongoing issue. Amazon’s solution with signed and ID’d delivery can combat this. That being said, I still think people are underplaying the roles of pharmacies. If you need to get a narcotic or controlled substance at the pharmacy anyway, it is logical for me to assume that you would rather still have your prescriptions picked up at the pharmacy. + +## Final Thoughts: + +Both WBA and CVS will be titans for decades to come. WBA is stronger for dividend growth. CVS is better to me for its approach to growth. CVS did not drop as far as WBA did and CVS quickly returned to its pre-pandemic price. This shows stability to me. WBA can be a much better rebound play if one wishes. + +I hope someone out there found this post interesting. Please supplement this with your own research. + +Thank you for reading, please give me feedback so that I can increase my standards for future analysis posts. +So I’ll start off by saying I have been a derivatives trader ( options ) for many years now . I have now gotten to a point to where I can start pulling monthly profit and work on building up my long-term account . That being said I was currently looking at hosting 2 different strategies and allocating my capitol 50/50 between the 2 . Those two strategies were a dividend strategy for the constant income and then a growth strategy for generating wealth . That was until I ran across a recent post on this sub that brought up the dividend growth strategy . I was able to screenshot the key metrics of it but missed the background of it . What is the big difference between the dividend growth strategy as opposed to a basic dividend or a basic growth strategy ? Let’s say I was going to replace one of the strategies I had in mind with the dividend growth strategy . Which would it make sense to replace ? Dividend growth strategy and a growth strategy ? Or a dividend growth strategy and a basic dividend strategy ? Like I said before , my goal is to have 50/50 portfolio . 50% passive income less risky , 50% wealth generating more risk. Any advice would be greatly appreciated ! +# Introduction: + +Ohiogozaimasu everyone. I am back again for another speculation analysis. Obligatory warning: I am in the computer science space, This is just my take on the pharmacy field. + +Sector: Healthcare (pharmaceuticals) + +## Company Strengths & Risks: +WBA: +WBA owns Duane Reade and Walgreens with global outreach and beauty brands. + +> -rapidly increasing total assets + +> -Decreasing total equity + +> -(Speculation) WBA seems to be going for accessing all medications rather than making deals with insurance like CVS is doing + +WBA has been slimming down its costs for years. This is good for a rebound play. WBA has a historic yield between 2-3%. Due to covid, it has jumped to a 4% yield. WBA has also been committed to increasing the dividend payout. + +CVS: + +CVS is ranked 5th on the Fortune 500 list. CVS recently merged with Aetna. CVS has been aggressively partnering with insurance to drive growth. + +> -Revenue has been up year over year + +> -Shifting operating expenses to benefits costs + +> -Assets nearly doubled from last year + +> -Aggressively growth oriented + +> -(Speculation) From the pharmacists I have spoken with, CVS is willing to shift locations of pharmacists if they do not maintain a quota to maintain and raise profits at the expense of the workers + +CVS has been rapidly shifting its views towards growth rather than dividend growth. They are just as committed to paying dividends as WBA, just not as focused on increasing their dividends right now. + +## The Maths + +WBA: +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/WBA/dividends/dividend-growth) and [Yahoo Finance](https://finance.yahoo.com/quote/WBA/balance-sheet?p=WBA) as of Nov 26 2020 + +CVS: +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/CVS/dividends/dividend-growth) and [Yahoo Finance](https://finance.yahoo.com/quote/CVS/balance-sheet?p=CVS) as of Nov 26 2020 + +Stock | WBA | CVS +-----------------------------|-------- | -------- +Stock price | $43.41 | $74.50 +Current Annual Payout/Share | $1.87 | $2.00 +Yield | 4.31%* | 2.68% +10 Yr Div Growth Rate | 13.63% | 20.69% +3 Yr Div Growth Rate | 6.88% | 5.57% +1 Yr Div Growth Rate | 3.06% | 0% +Years Of Growth | 43 | 0 +Current Payout Ratio | 38.79% | 26.91 % +Free Cash Flow / Share | 4.69 | 9.63 +Revenue | 139B | 266B +Debt / Equity Ratio | .738 | 1.394 + +\* Historic yield of about 3% + +WBA is the better bet for dividend appreciation. CVS seems better for growth and balance sheets. This can be seen as WBA dropped from 59.08 in December 2019 to 35.43 in September 2020, for a drop of 40%. This price hasn't recovered yet. Compare this to CVS of 73.57 in December 2019 to 57.32 in September 2020, for a drop of 23%. CVS clearly is less volatile. + +Potential payout based on 3 year growth rate (estimate. Actual mileage may vary) + +I will set back CVS a year to mimic its current behavior. + +Year | WBA | CVS +------|------------| --------- +2021 | 2.00 | 2.00 +2022 | 2.13 | 2.11 +2023 | 2.28 | 2.23 +2024 | 2.44 | 2.35 + +## Amazon Entering the Pharmaceutical Space +Amazon recently announced that they were entering the pharmaceutical space. I want to give my thoughts on this and why I think this news is being overhyped. + +- Amazon is not entering the narcotic space. Pharmacies are still needed for that. As with flu shots. Getting this all in one place is still a “pharmacy” aspect that I do not think Amazon can mimic yet. +- Which leads to the pandemic aspect. I dont know many pharmacists willing to directly expose themselves to other people’s homes. Safely behind a veil at the counter or booth is one thing but open contact with another is up for debate to me. +- Human and expert aspect: Human interaction cannot be understated to me. Yes it is faster with Amazon’s automation but having an actual source of blame or connection is understated to me. +- Widened information spread- Everyone who has access to your Amazon account will have access to your order history and cart. Sure, it may just be for Ibuprofen or Hydrocortisone but this may still be something that you want to keep private. +- Multi Accounting to abuse the system. If a person has more than one amazon account, it is reasonable to assume that uniqueness of prescriptions may not be possible. After all, how do you distinguish between 2 pictures of prednisone (a corticosteroid, aka steroid) prescription? This can lead to easier overdoses. I am not certain that all doctors will accept Amazon, even for a while. Thus, “duplicating” prescriptions may become a problem. + +That all being said, convenience, couponing with online sources like Honey, and gift cards are all aspects that Amazon has over pharmacies. To my knowledge, pharmacies are facing issues with people claiming to have not received their medication or that the designated recipient never received/delivered the medication is an ongoing issue. Amazon’s solution with signed and ID’d delivery can combat this. That being said, I still think people are underplaying the roles of pharmacies. If you need to get a narcotic or controlled substance at the pharmacy anyway, it is logical for me to assume that you would rather still have your prescriptions picked up at the pharmacy. + +## Final Thoughts: + +Both WBA and CVS will be titans for decades to come. WBA is stronger for dividend growth. CVS is better to me for its approach to growth. CVS did not drop as far as WBA did and CVS quickly returned to its pre-pandemic price. This shows stability to me. WBA can be a much better rebound play if one wishes. + +I hope someone out there found this post interesting. Please supplement this with your own research. + +Thank you for reading, please give me feedback so that I can increase my standards for future analysis posts. +Hello everyone, im 20 years old and want to get into dividend investing for various reasons. I have $500 to invest right at this moment and will have more after that. How would you invest $500 to start off dividend investing? Go Etf’s or individual? TIA for any help😄 +(If you're able to) What's everybody throwing into their Roth in 2022? More SCHD? More QYLD? + +Personally, I'm torn being buying some nice dividend paying stocks and letting them drip VS buying some growth stocks and moving positions around throughout the year to capitalize on the gains and no tax. +Once upon a time I had a credit card with a the minimum monthly direct debit set up. I soon forgot about it and the debt grew. Familiar story, but I paid it all off and vowed not to let that happen again. So I set the direct debit to pay in full every month and only used the card for the occasional bit of consumer protection. + +This was fine for a few years, and then I started going on a lot of business travel, and sometimes the gap between spending thousands on hotels and getting my expenses paid caused the pay-in-full direct debit to wipe out my current account, leaving me penniless until my expenses came through. + +So then I decided I needed to grow up and be actively involved in my debt, and pay what I could afford when I could afford it. In other words, pay it all off when my expenses came through, and pay what I could afford to until then. + +I was frequently abroad, frequently jet lagged, and occasionally a few days late with my payment. But the £25 penalty was no more to me than a nasty sting to remind myself to ge a better grip, which I usually did for about 8-10 months, then another slip and another £25. No biggie, just annoying. I'd made far bigger mistakes and not learned any kind of lesson. + +Years later, the kicker comes: some really advantageous mortgage offers are off the table because of those late payments. Ones that could save me more than two years of my working life. + +Nobody ever told me growing up, “pay your credit card bills on time, or you might have to work two years when you're tired and grey just to pay the extra interest on something completely unrelated.” I'm not totally sure they would have sunk in, but it's possible. Anyway, if you're at a time in your life when you can avoid this pitfall, please do! +"Vanguard forecasts a deep global recession as the effects of the ‘one, two punch’ of simultaneous supply and demand shocks, take hold. On the supply side, the temporary closure of many factories will see a sharp decline in the production of goods and services. This will correspond with a decrease in global demand, as people are confined to their homes except for only the most essential of outings and purchases. + +"The combination of the above should lead investors to expect the unexpected and fuels our belief that the coming recession, while possibly being the deepest we have experienced in modern times, will be of relatively short duration, with Figure 2 showing the trough occurring in Q2 under our baseline scenario." + +Source: [Vanguard Quarterly economic and market update, Mar 2020](https://static.vgcontent.info/crp/intl/auw/australia/documents/resources/adviser/aa_summary_b2c_mar2020.pdf?sf233720334=1) +Hi Fellow Apes – I am sure you have been hearing a lot about Loopring and their LRC Coin but it may be fuzzy as to how they COULD fit into the picture. I am hoping to help by digging a bit deeper than surface layer exploring. If this looks too long and you want to skip to the Meat, jump down to Ethereum Layer 2 Ecosystem. You will want to read that one. Also, I like using a single data source and feel that Coin98 does a nice job, by no means is this a plug of their service. None of this is Financial advise, my black lab is my Financial Advisor. + +**Blockchain Platform** + +There are a lot to choose from, but from all indicators it appears GameStop is going with Ethereum. I LOVE this choice, for many reasons, so let’s compare the Top-Tier. + +[https:\/\/twitter.com\/Coin98Analytics\/status\/1437784586642202636?s=20](https://preview.redd.it/df3tvup1a6x71.jpg?width=1885&format=pjpg&auto=webp&s=32ed40cf7ad62a4048493331d97b4130b9b85315) + +I underlined a few categories that Ethereum blows away the competition. Seriously, just look at Total Value Locked (TVL) – yes, that is with a B for Billion. The best part, where Ethereum does not have an advantage (say Proof-of-Stake vs. let’s say Binance (BSC), after the MERGE in early 2022 they will have these features. So, not too far in the distance all other advantages will be negated. + +**Total Value Locked (TVL)** + +[https:\/\/twitter.com\/Coin98Analytics\/status\/1446445535364194308?s=20](https://preview.redd.it/szvdebi5a6x71.jpg?width=1802&format=pjpg&auto=webp&s=71c1f94a91e1ebdb8ce832e2fe8673d2696fe847) + +**Total Transactions** + +[https:\/\/twitter.com\/Coin98Analytics\/status\/1453682639672537096?s=20 ++ I added in Red Box & Loopring Logo](https://preview.redd.it/egs9bal8a6x71.jpg?width=1899&format=pjpg&auto=webp&s=cda84dbc32a08e429b5a5c6e174df040ff23f9a1) + +Not surprising, Ethereum is the 4th popular blockchain platform in this space. One main reason is GAS. With Loopring, that is about to change so do not get stuck here, keep reading 😊. Oh, if you need a bar chart to make you smile, here is one. + +**Total Validators** + +Why are Validators Important – yeah, they are an essential part of the Proof of Stake consensus mechanism, they are essentially the moderators of the staking system and have the EXTREMELY important job of authoring new blocks on the chain. In other words, greatest variety of staking options for the community and protects the system by preventing the chain from being controlled by one very wealthy individual. Cough #KennyLies + +[Follow Previous URLs](https://preview.redd.it/wk1pz4bda6x71.jpg?width=1610&format=pjpg&auto=webp&s=dfaaab8d928ebb55d9da7319c531c27737dd1de2) + +**Layer 2 Scaling Solutions on Ethereum** + +So, what about Loopring? Getting there now. Loopring is not the only L2 solution on Ethereum, take a look for yourself. + +[Follow Previous URLs](https://preview.redd.it/laq8jn9ta6x71.jpg?width=1819&format=pjpg&auto=webp&s=03121f2096fe64d48417cb9d13c98dca2e954b73) + +What is a Layer 2 Scaling Solutions again? Essentially, they increase throughput without tampering with any of the original decentralization or security characteristics that are integral to the original blockchain. + +I would NOT be surprised if GameStop uses a combination of Layer 2 Solutions, for example I would be a bit shocked if GameStop did not use Polygon (Mantic in the above) for Gaming. One reason is that Polygon extends plug-and-play software development kits (SDKs) for developers such as Ubisoft, Electronic Arts, others, enabling them to integrate blockchain attributes into non-blockchain games. + +Good Article to Read, **“**What Advantages Does Polygon Have for Gaming and eSports? + +[https://btcmanager.com/advantages-polygon-gaming-esports/](https://btcmanager.com/advantages-polygon-gaming-esports/) + +\--------------------------------- + +**Ethereum Layer 2 Ecosystem \[FOR THOSE WHO SKIPPED, START HERE\]** + +So why Loopring, how do they fit in. Take a look at the Ethereum Layer 2 Ecosystem below, look at all of the pieces (red boxes) that Loopring will fulfill. Damn, out of the key main areas, they are already a key player. Add in GameStop to the NFT & Gaming area, and IMO they will show up in the Bridges category as well, **this is a REALLY good Partnership / match**. Learn more about Blockchain Bridges: [https://medium.com/@blockchain\_simplified/bridging-the-gap-using-blockchain-bridges-26a75a874de3](https://medium.com/@blockchain_simplified/bridging-the-gap-using-blockchain-bridges-26a75a874de3) + +[ https:\/\/twitter.com\/Coin98Analytics\/status\/1428382665439281157?s=20 ++ Added Red Boxes & GameStop Logo](https://preview.redd.it/orc4if9za6x71.jpg?width=1872&format=pjpg&auto=webp&s=4cbab2509425aa65a60064489bd54b513887cf19) + +For anyone interested, this is what the current **Metaverse Landscape** or **DAO Landscape** looks like as well: [https://twitter.com/Coin98Analytics/status/1432738846781829127?s=20](https://twitter.com/Coin98Analytics/status/1432738846781829127?s=20) & [https://twitter.com/Coin98Analytics/status/1432013882176913416?s=20](https://twitter.com/Coin98Analytics/status/1432013882176913416?s=20) + +**Decentralized Exchange (DEX)** + +Oh yeah, amongst the crowd, Loopring has DEX covered 😊. + +[https:\/\/twitter.com\/Coin98Analytics\/status\/1442979502368321542?s=20 ++ Added in Red Box](https://preview.redd.it/o3p5jdocb6x71.jpg?width=1828&format=pjpg&auto=webp&s=46d488495a7699c698d23aceff584d5e1f9e471a) + +**Success is NEVER guaranteed, but with Apes behind GameStop and a Loopring (potential) partnership, there is no stopping them!!!** + +MGGA. + +BUY, HODL, DRS. + [https://www.cityam.com/ir35-reforms-to-be-delayed-for-a-year-due-to-coronavirus/](https://www.cityam.com/ir35-reforms-to-be-delayed-for-a-year-due-to-coronavirus/) +Hi fatfire, + +Posting on what I consider the most intelligent and useful part of Reddit. I’m not fat but am trying very hard to get there. Today I am looking for advice to help my parents who are on Medicare, have a paid off home, long term care insurance, and >$2mn in stock and retirement accounts. + +One parent has advancing dementia and it’s become too much for the other to handle at home alone. It’s recently reached the stage of incontinence and struggles to walk on their own. This entire time the other parent has been the sole caregiver and is experiencing their own health issues. They went as long as they could to keep things “normal” at home for years and are now quite unprepared for the next step. + +I am their only family, and live on the opposite side of the country with my own young family. It’s clearly time for them to activate their insurance policy, take everything Medicare can provide, and sell more stocks as needed. + +Their home is not equipped for the sick parent to continue to live at home unfortunately. The “healthy” parent waited too long to schedule a contractor to make accessible bathrooms and other important changes and it could take months to make the home ready for professional in home care. + +My question is how do I help find a memory care facility that will provide humane treatment? Any tips beyond googling the names of facilities as I go down the list of choices? Do my parents have enough financial resources to find humane care? I don’t want my parent to be in a house of horrors like you hear about so often. +So there’s a couple videos on Twitter asking us if we want to join a group to support each other and all they’re asking for is your name, email address, brokerage firm, services offered etc. + +Do not give your info to anyone. This is one way for them to recognize us as an official group and try to regulate what we can buy and sell. + +It’s shady af and I don’t trust it. Neither should you. +Hi All, + +Hear me out, because this is a serious new coin and a serious project that is going places. + +This is a coin so good! That a competing token paid money and bought bots to downvote and post negative comments about it, they were that angry, that competing coin is no longer with us and was banned for manipulation, good riddance, you can also see this FIRST HAND in our current comment section, same people! same comments! + +&#x200B; + +*\[Note: brigaders from the delisted coin will comment on this post also, they were also part of the organized brigade on our first post, unfortunately we are dealing with 100+ brigaders from a coordinated discord channel that had their coin delisted, all positive comments will be downvoted and all negatives upvoted by them, simply ignore them.\] -* + +**BEWARE:** For *proof if you see $MILK mentioned in the comment section* + +[https://imgur.com/a/dX3AVkI](https://imgur.com/a/dX3AVkI) - *that is their dev bragging about how much money he made, and them organizing manipulating posts on reddit\]* + +&#x200B; + +&#x200B; + +NOW WHERE WERE WE! + +&#x200B; + +INTRODUCING! **$CHARITY COIN -** [**https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x9294ee37a1bc626a75617553eef797fa2bf97fb3**](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x9294ee37a1bc626a75617553eef797fa2bf97fb3) + +*(Disclaimer) I know the small project team behind this, and their heart is in the right place, so if you have any concerns/hesitations/issues about the coin, mention them, so i can pass them on and they can be addressed ASAP.* + +Their are MEMECOINS, SHITCOINS, hell even POKEMON COPYRIGHT Coins.. + +&#x200B; + +But then their is an actual project, something with a vision, something with a purpose, something worthy of getting in early due to where it could go, and this coin is one of them. + +&#x200B; + +Now, let me go into some small details, so you get a better understanding of why $CHARITY COIN is going to be the absolute BEST investment you could make as of TODAY. + +&#x200B; + +[www.thecharitycoin.com](https://www.thecharitycoin.com/) + +Official Discord - [https://discord.gg/YCee7rfBku](https://discord.gg/YCee7rfBku) + +&#x200B; + +&#x200B; + +**Pros:** + +**1. A NEW TAKE** + +A completely unique take on cryptocurrencies and Donations (Which Companies LOVE) + +In essence the coin will build a STRONG link between Transactions/Companies/Blockchain and Charities/Foundations/Events. + +Allowing companies to use daily transaction fees anywhere in the world to then instantaneously support Fundraisers & Charities around the world. + +These donations can be regular occurrences through MILLIONS of transactions a day or one off, the smart contracts are fully customizable + +The donation percentages will be fully customizable + +&#x200B; + +**2. Blockchains** + +It will be built with all blockchain/smart chains in mind + +a. BTC + +b. ETH + +C. BSC + +D. ADA + +&#x200B; + +**3. PANCAKESWAP (LOW FEES TO INVEST EARLY)** + +&#x200B; + +Its listed on PANCAKESWAP! Which means you don't have to pay no UNISWAP Fees! + +&#x200B; + +**4.MAJOR EXCHANGE LISTINGS** (Currently in telegram group chat with [Whitebit.com](https://Whitebit.com) listing team as we speak) + +Multiple Major Exchange Listings Planned For Q2-Q3 2021 + +\- [Binance.com](https://binance.com/) + +\- [Crypto.com](https://crypto.com/) + +\- [Kucoin.com](https://kucoin.com/) + +\- [Coinbase.com](https://coinbase.com/) + +\- [Kraken.com](https://kraken.com/) + +**5. TWITTER - CHECK** (needs work) link on website + +**6. TELEGRAM** \- CHECK (link on website) + +&#x200B; + +**7. COMPANY DIVERSIFIED TOKENS** + +Purely Diversified Tokens! NO Major Wallet WHALE, all tokens are planned for allocation throughout Q2 2021 (No Rug Pulling) - You can match the two links below with holders and the companies allocation chart, lots of tokens to be allocated to charities/foundations that sign up. + +&#x200B; + +a. Website Allocation [https://www.thecharitycoin.com/pages/portfolio-wallet-allocation-diversification](https://www.thecharitycoin.com/pages/portfolio-wallet-allocation-diversification) + +&#x200B; + +&#x200B; + +b. BSC SCAN - [https://bscscan.com/token/0x9294ee37a1bc626a75617553eef797fa2bf97fb3#balances](https://bscscan.com/token/0x9294ee37a1bc626a75617553eef797fa2bf97fb3#balances) + +&#x200B; + +8. Some major price volatility at listing, however no major token holders sold during this time, which is even better, as they already had the opportunity to take big profits and run, which shows a genuine commitment to the project. + +&#x200B; + +&#x200B; + +[https://www.thecharitycoin.com/pages/buy-charity-coin](https://www.thecharitycoin.com/pages/buy-charity-coin) \- Click Here on How To Buy $CHARITY COIN and get in before this coin does a 100x + +&#x200B; + +**CONS:** + +1. The website could use a little work, however i can only assume they are working on it, as these things do take time + +&#x200B; + +2. Price volatility - something caused a big price spike, and now it has gone back down whilst steadily moving back up, however no major coin holders sold during this time, which is a pro. [https://goswapp-bsc.web.app/0x9294ee37a1bc626a75617553eef797fa2bf97fb3](https://goswapp-bsc.web.app/0x9294ee37a1bc626a75617553eef797fa2bf97fb3) + +&#x200B; + +3. They need to grow their social media presence, right now it needs work, but this is normal for newly listed coins/projects + +&#x200B; + +4. They need to be listed on more exchanges, sooner. + +&#x200B; + +&#x200B; + +PANCAKESWAP Coin Code - [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x9294ee37a1bc626a75617553eef797fa2bf97fb3](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x9294ee37a1bc626a75617553eef797fa2bf97fb3) + +&#x200B; + +&#x200B; + +**CONCLUSION:** Its all about connecting Charities & Foundations into the CRYPTO space - no MEMES no BS the fundamentals are in the right place, that is what matters most, hopefully they can build and deliver on what they are looking to achieve, if they do this coin will make some early investors very happy. + +&#x200B; + +**EDIT:** In before the same guy shilling his own coin in other posts tells me this one is shit and his is better, happens everytime. + +**EDIT:** If you see a comment talking down this coin, and their post history is about $MILK coin, they are the ones who were banned for trying to take down our project via manipulation, their coin was de-listed, and they are ANGRY, we screenshotted it all + their director bragging about how much money he made from their fake COIN/TOKEN - here is a screenshot for proof - [https://imgur.com/a/dX3AVkI](https://imgur.com/a/dX3AVkI) + +&#x200B; + +**EDIT:** [**https://tokensniffer.com/token/0x9294ee37a1bc626a75617553eef797fa2bf97fb3**](https://tokensniffer.com/token/0x9294ee37a1bc626a75617553eef797fa2bf97fb3) + +✔Verified contract source + +✔ No prior similar token contracts + +✔Source does not contain a proxy contract + +&#x200B; + +&#x200B; + +**$CHARITY COIN PASSED THE SMELL TEST!** +**What is Wagerr (WGR)?** + +* A decentralized, blockchain sports book that allows you to bet on sports from anywhere in the world (no geo-restriction) +* You hold and control all of your funds in your own desktop, app, or website wallet +* All sports bets are placed on the blockchain +* Smart contracts payout bets after oracles feeds results to the blockchain + +**I'm an investor, not a sports bettor, what is in it for me?** + +* You can be the house! The typical "profits" a sports book would make are distributed to all masternodes. Anyone can run a masternode for 25,000 WGR +* Wagerr is Proof of Stake and anyone can stake any amount of WGR to earn block rewards +* The tokenomics are deflationary (all bets are burned, winning bets are minted). Because "the house always wins" more coins are burned than minted deflating the supply of the coin. Decrease in supply means WGR is worth more. The more betting the more burning! + +**Why is Wagerr different than other traditional or "crypto" sports books?** + +* You hold your own funds (no more BEGGING to withdrawal your own money!) +* Best Odds (no profit motive for WGR as it is decentralized and there is not company behind it, so they can offer the best odds) +* NO KYC (you don't even have to provide a name or even an email) +* No geo-restriction (bet from anywhere in the world) +* No limits on betting (Dana White that means you can bet $1 millions on Ben Askren) +* Winning bettors won't get limited +* Completely transparent, you can see every bet, every line movement, EVERYTHING on the block explorer at [https://explorer.wagerr.com/#/betevents](https://explorer.wagerr.com/#/betevents) + +**Why is Wagerr starting to go up now, why is it up 30% so far TODAY, and why does it have a TON of room to grow? Here is everything that has happened in 2021:** + +* Launched [https://www.wagerr.com/sportsbook](https://www.wagerr.com/sportsbook) (now someone can signup on a website in 3 clicks, provide no personal info, and they are ready to bet on sports. Before this launch someone had to download an entire node which took hours, just to bet) +* Listed on Beaxy - US Regulated Exchange where you can buy and sell WGR with US Dollars providing a safe and easy way to get money on and off of WGR +* Listed on Uniswap +* Listed on Pancake Swap +* Various AMA's to different crypto communities +* Even though it is up 30% today it is still just under 5 cents a WGR with a TON of room to grow. Back in the first bull run (when Wagerr was just an idea and had no product) it traded at 1 dollar a WGR! + +There is so much more I am sure I am forgetting. Wagerr community, what did I forget? For those that want to learn more, what questions do you have? + +(Also, it should be noted I am a degenerate sports bettor, not a financial advisor, so don't take this as financial advice and as always do your own research) +**What is Wagerr (WGR)?** + +* A decentralized, blockchain sports book that allows you to bet on sports from anywhere in the world (no geo-restriction) +* You hold and control all of your funds in your own desktop, app, or website wallet +* All sports bets are placed on the blockchain +* Smart contracts payout bets after oracles feeds results to the blockchain + +**I'm an investor, not a sports bettor, what is in it for me?** + +* You can be the house! The typical "profits" a sports book would make are distributed to all masternodes. Anyone can run a masternode for 25,000 WGR +* Wagerr is Proof of Stake and anyone can stake any amount of WGR to earn block rewards +* The tokenomics are deflationary (all bets are burned, winning bets are minted). Because "the house always wins" more coins are burned than minted deflating the supply of the coin. Decrease in supply means WGR is worth more. The more betting the more burning! + +**Why is Wagerr different than other traditional or "crypto" sports books?** + +* You hold your own funds (no more BEGGING to withdrawal your own money!) +* Best Odds (no profit motive for WGR as it is decentralized and there is not company behind it, so they can offer the best odds) +* NO KYC (you don't even have to provide a name or even an email) +* No geo-restriction (bet from anywhere in the world) +* No limits on betting (Dana White that means you can bet $1 millions on Ben Askren) +* Winning bettors won't get limited +* Completely transparent, you can see every bet, every line movement, EVERYTHING on the block explorer at [https://explorer.wagerr.com/#/betevents](https://explorer.wagerr.com/#/betevents) + +**Why is Wagerr starting to go up now, why is it up 30% so far TODAY, and why does it have a TON of room to grow? Here is everything that has happened in 2021:** + +* Launched [https://www.wagerr.com/sportsbook](https://www.wagerr.com/sportsbook) (now someone can signup on a website in 3 clicks, provide no personal info, and they are ready to bet on sports. Before this launch someone had to download an entire node which took hours, just to bet) +* Listed on Beaxy - US Regulated Exchange where you can buy and sell WGR with US Dollars providing a safe and easy way to get money on and off of WGR +* Listed on Uniswap +* Listed on Pancake Swap +* Various AMA's to different crypto communities +* Even though it is up 30% today it is still just under 5 cents a WGR with a TON of room to grow. Back in the first bull run (when Wagerr was just an idea and had no product) it traded at 1 dollar a WGR! + +There is so much more I am sure I am forgetting. Wagerr community, what did I forget? For those that want to learn more, what questions do you have? + +(Also, it should be noted I am a degenerate sports bettor, not a financial advisor, so don't take this as financial advice and as always do your own research) +It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw. + +Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless. + +Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless. + +Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died. + **TA:DR; (too Ape: didn't read);** *Germany man do thing on island with law-yers, him not ape, do hoo-man things, with shiny rocks, ape confuse. But. maybe banana boat get loaded, maybe not, ape hold, drs, keep precious banana forever, not fling poo or fear man doing hoo-man things.* + +Wow, so that's a doozy huh? [This](https://www.reddit.com/r/Superstonk/comments/r9vswu/dr_marco_metzlers_post_an_hour_ago/) is what I'm talking about if you haven't seen it yet. Dr. Metzler's planning to force a bankruptcy in a Chinese property giant so his market puts print and then he wants to use the profits from those to buy a bunch of real gold metal, store it in Lichtenstein (you know, where Heath Ledger's fake patent of nobility in "A Knight's Tale" is from) and use it to back a new stablecoin on the blockchain to save the world economy. + +That is the craziest goldarned thing I've ever heard since some idiot in a cat shirt yolo'd his life savings onto a failing video game brick and mortar company on the Dubya Ess Beee Reddit forum on these hear internets. + +I mention DFV's original yolo specifically because just like DFVs yolo, it's a relatively simple concept (in his case that GME is undervalued and will rebound) that's getting an inordinate amount of hate for no reason. I'm going to break down Metzler's actual position here like Frank Baum broke down the housing market play in "The Big Short" (is there a bubble? if so, are the banks exposed?) here's Metzler's Theory: + +1. There will be a global economic crash. +2. Put options on overvalued companies and markets will pay out. +3. Starting a stablecoin transparently backed by gold is a good use of my profits. + +Like, that's it. That's Metzler's entire conceit right there. Most of us agree on the first point, but we largely prefer buying GME shares to capitalize. And the stablecoin concept has already been fully proven by Tether, except Metzler is planning to be transparent with his backing assets and use gold instead of (potentially since we don't actually know what's backing Tether) shitty Chinese property bonds and commercial paper. + +Metzler, is not now, never has been, and never will be an Ape. He's an individual investor with a history in the finance markets making his own play who's been shown some love by this community and in turn is showing us a little love back. We're making our play, he's making his. Let the man work, if he's successful in forcing the world to acknowledge that the Chinese debt is bad, that only helps us, but it's not required for the MOASS. And if he's successful in his longer term goal of creating a transparently backed stablecoin, that will only help digital assets - like say, NFTs for example - in the long run. + +Look, I have no idea if that's how things will play out. Or even if Metzler will be successful in pushing Evergrande into bankruptcy this week. What I DO know for sure though, is that the Chinese property market is in full on collapse, and will take the world down with it when it goes. The big market volatility that started on Thanksgiving didn't start with the Omicron variant news, it started with the wind-up petition being filed against Kaisa Group. And it's not just Kaisa and Evergrande. There's Sinic and Modern Land and Country Garden and Fantasia and Hopson and... well, it's a really long list, depending on which fake CCP economic numbers you use, the domestic aspect is 20-30% of China's GDP. + +Honestly the bankruptcy bit for Evergrande or for any of the others isn't the key event we're looking for, what we want to see here is the cross default provisions on the various bonds and commercial paper get triggered and liquidations start. This causes everyone who's been using these bonds and loans and commercial paper (they sound similar but they're all actually different debt mechanisms) as capital at face value for say, margin position collateral to have to re-assess their value, in what's called "mark to market". Basically this means instead of valuing those debt instruments (the bonds and whatnot) at their nominal, face value, they have to be assessed at their real, current market value. + +For example. Let's say you're a HF and you need collateral for a loan, like a leveraged margin position on another security. The prime broker bank will give you 8 to 1 leverage. Now, you could post $100m of Treasuries or cash or Amazon or Apple or something as security to get $800m to invest, but that's boring and expensive. Instead, if you're a clever HF, you go out and you buy a bunch of distressed debt that pays a high yield for pennies on the dollar, then mark it in your books at face value and leverage against the marked amount on your books. So you buy $1b of bonds in EG that pay 9.5% interest for $100m (they're cheaper than their book value because most people think they're going to default), now, the prime broker gives you $8b to invest, or 10x as much money as you would have gotten to play with using boring Treasuries, and you get paid a fat 9.5% interest on your $100m capital that you've put up as collateral too! (whereas treasuries would only pay 0.05%) And you don't have to worry about the loans going bad because the government will bail them out when they fail. + +But here's the problem with what's happening with China right now. It turns out the CCP decided to wage war against the capitalists that were getting so rich and powerful that they might actually be able to challenge the govt. Put another way, this is basically an internal power struggle between the merchants and the ministers (whatever the CCP's ideology, functionally, they're just a continuation of the corrupt imperial bureaucrats that have ruled and administered China under various emporers, warlords, and now party chairmen, for thousands of years now). + +And if you've read my previous DD (which I can't link to because it's on a different GME subreddit) about the "Two Debts" of Evergrande, you'll understand that from the CCP's perspective, the problem debt with EG and the other property developers isn't the money, it's the millions of apartments that people have paid for, but that haven't been built yet. That is a threat to social stability, and it's what's been behind the unusually public protests we've been seeing in leaked videos. All of the official CCP communication about EG and other property developers being bailed out or having managed restructurings or whatever - it's about their DOMESTIC BUILDING OPERATIONS, it has fuck all to do with the money they owe to foreign creditors. + +And let me be absolutely clear, that is in NO WAY unique to China. Every single government on Earth will bail out domestic constituencies/companies/organizations. None of them will bail out foreigners, well, at least not without some absolutely ridiculous bribes and an exit plan. OK, there are some specific counter-examples like the Peso bailout or similar, but they usually involve heavy politics and close allies, just in general, and in the case of a communist party that's at war with its own capitalists, and has already repeatedly screwed over foreign investors, it ain't happening. + +So, to go back to my previous example, you're a HF and you've got a $1b of Chinese property bonds that you paid $100m for, and have an $8b loan against. What happens when the cross default provisions on those bonds trigger and you're left with whatever the collateral on the bonds was? Well, you've now got to mark that $1b of collateral you had on your books down to whatever the collateral backing those bonds is worth, which in this case, is basically nothing since EG has sold off everything it owns already, including most of the founders personal wealth. So the prime broker realizes your collateral to their money just went to shit, so they ask for more margin. You fail to deliver it (FTD, get it?) and they start liquidating your ass to cover their liabilities. + +In the next few weeks this is going to happen to a bunch of HFs, family offices, and banks. As it does, and they get liquidated, other HFs, family offices, and banks are going to get caught up in the same death spiral of insufficient collateral and liquidations. Remember, in a liquidation, all positions must be closed or absorbed by the liquidator. If it happens to any that are short GME... well, you get the idea. + +So, to be clear, Metzler isn't an Ape. And that's ok. But what he's doing **MIGHT**, and I stress **might,** benefit apes greatly. Remember, the market crash is not a pre-requisite for MOASS, but MOASS will cause a market crash as HFs are liquidated, even if there has already been a crash, it will just cause another one or accelerate the current one. + +Buy, hodl, drs. CS #507XXX + +Finally as a side note, please try to remember, ape no fight ape, that's how we spot the shilly-birds, because they want to fight people doing their own thing, get apes all riled up and flinging poo everywhere. The SHF's psych teams have completely failed at their primary goals of getting apes to sell shares, all they've got left is getting people angry and at each others throats. This includes various clout chasers, outside actors, other investors, and other apes. Trust the DD, and follow the path of the diamond hand. Yoda warned us, **F**ear(**UD**) leads to anger, anger leads to hate, and hate leads to the dark side. +Will the dividend given over the period will beat out inflation for the amount i've invested in the share? + +Is there any other benefit that i'm unaware of? + +How long term investments are determined? +Hi Everyone, + +Can anyone inform me why Nifty Next 50 P/E spiked from around 40 to 70 levels in Dec 2019 ? Was there change in index constituents (addition of High P/E company) ? + +Check Nifty Next 50 History here: [https://trendlyne.com/equity/PE/NIFTYNEXT50/1888/nifty-next-50-price-to-earning-ratios/](https://trendlyne.com/equity/PE/NIFTYNEXT50/1888/nifty-next-50-price-to-earning-ratios/) +Hi PF fam. I am closing on a house to buy in California. We agreed to a 120-day rent-back for the current owners as they're going to be moving across country and needed some time. It was the reason we out-bid other interested parties! Since we are month to month in our current home we had no issue with it and considered it a closing cost of sorts. + +With one week left in Escrow, our loan agent noticed the lease and said "hey, you can't get a residential loan and not live in the property. Move in within 60 days of sale or unfortunately this loan is void". The current sellers already made it clear they don't want to move out earlier. So here seem to be my options + +1) I pay a "lock in fee" to keep our amazing mortgage rate and push back the closing date (this could cost upwards of $5k I'm told) + +2) we push back on both our real estate agent and theirs, letting them know they should have known about the 60-day law, not us, and ask them to cover the costs of the lock in fee via payback of % of their respective commissions + +3) we let the seller back out of bequeathing us our dream home. + +4) we start all over and apply for an investment loan at a higher rate, then quickly refinance when we move in 4 months later I guess? + +So my first question for the group is, am I missing another option? + +My second question is, "amitheasshole" if we go with #2? + +Lastly, what's the actual penalty if we let them just live there for 60 days longer than we are legally allowed to? If someone comes by to confirm we're in the property and we're not, are we talking a fine? Proof that we are moving in? + +Thanks for your time and attention. + +Edit: thank you, all, for your advice! We will be pushing back closing as a resolution to this fiasco to make just a 30-day rentback. Big lessons learned for all involved. +Exactly as the title says. + +This is not the MOASS - this is a strategic move to try to get retail to invest in more and more securities not named GME by providing a “confirmation bias” to Meme stock/basket stock theories. + +Since January they have been trying to lure retail out of GME because they are completely fucked. + +The noose is getting tighter and tighter as retail continues to buy daily and DRS shares. They are scared because their whole livelihood is about to be destroyed because of GME. Convincing retail that GME is not the only MOASS is the only way to subdue retails buying pressure to give them some breathing room to kick the can further. + +No matter what posts or media articles you see claiming otherwise, they are wrong. This is a psychological war and this is one of their plays. + + +Read through the comments and you’ll see they do not like the truth being kept alive after 11 months of manipulation and infiltration to try and divide retail - Gamestop IS their Achilles heel. + +TL/DR: Post title. +I’m curious if most people here have had to make the choice to walk away from un-vested equity to RE or change companies? + +I see it coming when I decide to pull the trigger and it is feeling super daunting, any thoughts or advice on how to think about it. I’m also open to maybe one more company change before RE and this is making that feel foolish, has anyone negotiated covering equity loss? +I've been doing some 3rd party consulting on the side via the "expert" channels in the post title. At some point I was guided to $550/hr by someone and I've been using that as default for the rest. They're only really ever 45min-1hr phone calls and don't factor into long term planning, but if I keep it up over several years, it bears the question: how much should I actually be charging? + +$550/hr seems high, but less so when there's a prep phone call with the agency and it accounts for only a few hours per week or month. For context, I'm a startup founder in the $10mm-$100mm valuation range. Still very illiquid, which is why I bother with the calls. Interested to hear others' experiences + +&#x200B; + +edit typo +In a couple of months I’m going to be receiving a large amount of money (low 8 figures). My current net worth is low 7 figures and so this will be a significant change. + +While I’m prepared from the pure financial side of things in terms of taxes/investment I’m looking for advice on other things that I should do to prepare. My family and I aren’t planning on making this public (some people may have some guesses that money is coming our way but likely no idea of the scale) or changing our lifestyle. We already live pretty far below our means and will continue doing this for awhile. + +For example, things that I’m thinking about are: + +- get umbrella insurance +- get a security system +- sign up for credit monitoring / identity protection +- update estate planning + +But I’m wondering if there are things that matter at this scale that I’m just not thinking about. Would love any advice people have here - particularly people that have gone through something like this and can share their experiences. +https://finance.yahoo.com/news/impossible-foods-beyond-meat-meatless-plant-based-burgers-120546838.html + + +“Our company is completely based on science and research,” he told Yahoo Finance in a new interview. “When I founded the company, the most important scientific problem in the world at the time, and still, is understanding what makes meat delicious and crave-able to consumers.” + + +While there are concerns that the burgers are overprocessed because they’re literally created from a test tube, most mass produced animal-based meats are highly processed, as well. Brown himself stopped eating meat more than 45 years ago and adopted an entirely plant-based diet 15 years ago. + + +“The sodium level may be higher than beef from a cow. But if you're on a sodium-restricted diet, you'd have to eat six Impossible Burgers just to get to the level that a person on a limited sodium diet can tolerate. So it is not a high sodium product. It's kind of like, [one kind of] chewing gum may be higher sodium than [another] chewing gum. But it doesn't matter, because both of them are very low,” he explained in an interview with Yahoo Finance. +We live in North Carolina (USA) and we have owned our current home for 3 years. We owe 180k on a house we purchased for 190k, and the current zestimate is about 270k. I know to take that with a grain of salt generally, but I've been watching other listings in our neighborhood and have relevant comps for very similar layout and square footage that have sold for more than that amount in the past six months. I went to the open house for a comp one street over last fall and the house was a mirror of our layout, with very similar finishes inside (granite counters, wood floors, etc). It sold for $280k. Our house has a much larger and nicer lot and an attached garage as well so I think it's very realistic for us to think we could sell in that same range. + +Based on various things going on economically and politically I feel we are very likely headed into another serious recession. It feels like this is an opportunity to cash out and just rent for a while and see how things go. Maybe relocate to Texas, or maybe wait for a real downturn and purchase a less expensive property in our current region. + +Other factors - my job is remote, I can do it from anywhere. All our benefits are through my job as well. My husband is self-employed and his work is fairly portable. We don't have any debt other than our mortgage. Our cars are under 10 years old and well maintained. We have two children in middle school who are pretty adaptable to things and not particularly attached to where they go to school currently. The schools where we live have some issues and we could hardly do worse by moving -- in fact we could potentially do much better. + +I brought this up with my husband and he thinks it's bananas, but that's his reaction to basically anything until he has had time to warm up to an idea. I am the planner in our family, and I handle all our finances. I organized our last two moves and both times he was not really on board but we did it anyway, and after the fact he thought it was fantastic and was really grateful that I had made things happen. + +His concerns, which I share to a degree, are: + +1. It's tremendously disruptive to pack up and move our household -- whether it's across town or to another state (4-bedroom, 2100 sf house). There would be substantial costs (moving, realtor fees) eating into the possible $90k profit. +2. It's maybe killing the goose that lay the golden egg, a bit? We're very well-positioned both in our neighborhood and in our region, which was the whole reason for moving here 3 years ago. We lucked out to buy this house about a hot minute before the market suddenly soared. If we cash out and there isn't any crash, we still have to pay to live somewhere and may be worse off by then. It's a gamble. + +If we were to do this, we should be getting started right now on getting ready to list in spring. We'd need to move a lot of things to storage, do some touch-up painting, and work on the landscaping a bit. + +Is it crazy? +Hello, I'm a 22yo living in north shore Massachusetts. I currently live with my mom in her apartment but I am looking to move out on my own in the next few years. Rent where I am is pretty expensive. Mom is convinced I should start looking into home loans. I currently make around 32k a year before taxes with steady raises each year and I have 30k in savings. I'm in zero debt whatsoever. Credit history is lacking but I'm slowly building it with my credit card (I pay in full every month). I dont plan on doing anything until I have 40k to 50k saved up. I really don't have any experience in real estate so i would really appreciate some feedback on my current situation. + + +Sorry, I should mention if I ever do consider buying it would be in southern New Hampshire. + + + +Edit: wow, it seems I have made a major miscalculation. I truly apologize as I really underestimated how much I make. With my recent wage increase, I should be making around 40k pre tax this year on a 40 hour work week. Given I often work overtime it may be a little more. I was going off outdated wages. My gross pay in 2020 was 38k. Lol really didnt think I made that much.. +25, Male. Salary 80k. + +Anyone see room for improvement? Should I not be so invested in ROTH IRA contributions? It's after I get taxed for the money.. but my income in retirement should be higher? HSA seems amazing with the whole no tax on medical expenses thing.. thoughts? + +Assets: + +1. 6 month emergency fund sitting at $25,000 + +\- $2500 in a 5% dividend account (that's the max allowed for the 5% return) + +\- $22500 in a money market account at 0.75% dividend (6 withdraw / month limit) + +2. \~ $100,000 in a company 401k + +3. \~$2500 in ROTH IRA + +3. \~33k equity in a $180k house + +Debts: + +1. 4.7k loan, 3.1% interest rate (student loan) +2. The rest of the house, I suppose + +Contributions (I changed this recently from pure 401k contributions) : + +1. I contribute $500 / month to a personal ROTH IRA from my income (to max $6,000) +2. I contribute pre-tax max to HSA account (My wife and I are gonna have a kid or two soon :) ) +3. The max match percentage for my company 401k + +All in all, it's an effective \~25% savings including employer contributions.. now, we use the HSA account for qualified expenses. (contacts, prescriptions, etc.) + +Super grateful for all thoughts / suggestions! :) +Title says it all: I have a 25min commute to work every morning and would love to find a podcast I can tune into to learn more about financial planning/market updates/macroeconomics. Any suggestions will be much appreciated! Thanks in advance. +Deploying the 'ljr' USE flag to Gentoo as a default quietly was wrong, and has been disabled, as well as splitting the spam filtering off to an independent 'ljr-antispam' USE flag so the rest of my patch is not tied to it. Currently, these changes are only available in the “bitcoin” overlay, but should make it to the main Portage tree within a few days. + +When I deployed the patch as part of the 0.9.3 ebuild for Gentoo, it did not occur to me at the time that the spam filter was even included, much less that it would be controversial. For some reason, I assumed everyone already knew what was included in my patch (ironic, considering I obviously forgot that part myself) and would see the new USE flag when upgrading. When it was pointed out, I should have just taken the more conservative approach and flipped it off by default. I should have known better (I did make the patch after all), and so I apologise for my lack of prudence. + +While I still believe the full patch is the best solution for users today (I have been using it for years myself), I recognise that it should not be enabled without ensuring everyone receiving it is well-aware. What I should have done, in hindsight, was at the very least have a pre-installation notice informing users of the patch and a link to more details on what exactly is included in it and what those changes mean. I will put more effort into ensuring future patches are clearly disclosed upfront. + +Over the long term, my hope is to see a BITCOIN_NODE_POLICY variable that can be specified as “ljr”, “vanilla”, or hopefully many other policies to match people’s many different preference in how their own system’s resources are used. + +If there are any further concerns or suggestions, please don't hesitate to contact me. + +Luke + +I am a long term hodler from 2013. Here is my personal advice for new investors, I hope it will help someone. + +1.) Don't invest more than you can afford to lose. Bitcoin may go to $1M and it may go to $1. I give either one about an equal chance at this point. Bitcoin has been good to me but it is very volatile and high risk so invest according to your risk profile. + +2.) Keep your coins safe, ideally in a hardware wallet . If you want to use an exchange Coinbase is at least a public company registered with the SEC. + +3.) Stay away from shitcoins. + +4.) Don't trade bitcoin. No one can make sense of the swings, buy and hold for 5 years and see how much you make. + +5.) Don't get too caught up in in the swings. Over the years I have seen my coins go up 1000% and then down 80%. Don't get caught up in the fud or fomo, think long term. + +6.) Plan your personal moon. Have an exist strategy to pay off your mortgage, college loans etc. when you hit certain amounts. + +7.) Always keep some. You never know how high it will go in the future so always keep some BTC long term. + +Good luck friends +Good morning Apes. Tits are Jacqued to the fullest. Get ready for an exciting Thursday of Game Stop trading on the dark pools and lit exchanges. + +GME is keeping their secrets close to the chest - as far as I know, gme didn’t come out and announce their NFT plans, or that they hired 80 execs from other shops. (Sometimes we get carried away with official vs speculation rumor, and it’s okay but we should try to get back to facts) + +You have to assume that Wall St doesn’t know what Apes know / only someone really in to the stock like a superstonk Ape would know this - and large instituons have worked to make GME appear a risky cheap fad. + +GME hasn’t talked plans or strategy. You can’t expect big fund managers to load up without this guidance. still This is bullish for a number of reasons. + +1) RC is keeping the tendies for the hardcore apes who have held all this time. + +2) RC is keeping secrets so amazon or Facebook don’t copy what they are working on. + +3) RC isn’t dropping the mic yet, he is going to keep Hedgies guessing and give them nothing to re-act from + +4) they made a statement during the call, “we got money bitch” ($1.7bn and not going bankrupt” + +5) Hedgies only recourse is to spend money in an attempt to crash the stonk (can’t last forever) + +6) lastly - speculation they can’t give guidance due to sec investigations (believe it or not bullish) + +You apes forget that GME has not given much guidance or plans to the street - yesterday they had the opportunity but didn’t, and in my opinion are still building their plan and are not ready to show it. + +Don’t expect large firms to start getting in to GME without any official plans and guidance from GME. large firms need their call, or better looking financial statements - which is also happening. + +So relax everyone - the end is near - the hedgies are fukt and RC and Furlong dont need to flex yet + +This is just another bullet they have. Trust in RC - everything they are doing for a reason, everyone knows where this is going…. +"I went through the same process that most people do. I subscribed to a few investment letters and most of them didn't do too well." + +That's what William O'Neil, the legendary trader and author of "How to Make Money in Stocks," told Jack Schwager in a 1989 interview for his classic "Market Wizards" series. + +Out of frustration, O'Neil took the matter into his own hands. He knew a better way to trade was out there — all he had to do was uncover it. After all, he was seeing an array of fund managers crush the competition. + +"Back in 1959, I did a study of the people that were doing very well in the market," he said. "At that time, the Dreyfus fund was a very small fund, managing only about $15 million. Jack Dreyfus, who managed the fund, was doubling the results of all his competitors." + +O'Neil scoured Dreyfus' quarterly reports, searching tirelessly for any commonalities he could apply to his own methodology. After mapping out more than 100 of Dreyfus' stock purchase points, O'Neil hit pay dirt. + +"There were over 100 of these securities and when I laid them out on a table, I made my first real discovery: Not some, not most, but every single stock had been bought when it went to a new high price," he said. + +That unearthing opened the flood gates. O'Neil knew there were more secrets waiting to be uncovered. + +The search continued. + +O'Neil shifted his focus to the market's biggest winners, trying to connect the dots between the characteristics of certain stocks and their superior performance. Eventually, his research culminated in a simple seven-part model: CANSLIM. + +Allow O'Neil to explain: + +"Each letter of this name represents one of the seven chief characteristics of the all-time great winning stocks during their early developing stages, just before they made huge advances," he said. + +O'Neil's discovery translated to massive profits. + +"During 1962-63, by pyramiding the profits in three exceptional back-to-back trades — short Korvette, long Chrysler, and long Syntex — he managed to parlay an initial $5,000 investment into $200,000," Schwager said. + +Let's take a closer look at O'Neil's famed CANSLIM principles. All quotes below are from O'Neil. + +C: 'Current earnings per share' + +"The 'C' stands for current earnings per share," he said. "So, our first basic rule in stock selection is that quarterly earnings per share should be up by at least 20 to 50 percent year to year." + +A: 'Annual earnings per share' + +"In our studies, the prior five-year average annual compounded earnings growth rate of outstanding performing stocks at their early emerging stage was 24%," he said. "Ideally, each year's earnings per share should show an increase over the prior year's earnings." + +N - 'Something New' + +"The 'new' can be a new product or service, a change in the industry, or new management," he said. "In our research we found that 95 percent of the greatest winners had something new that fell within these categories." + +S - 'Shares outstanding' + +"Ninety-five percent of the stocks that performed best in our studies had less than twenty-five million shares of capitalization during the period when they had their best performance," he said. "Many institutional investors handicap themselves by restricting their purchases to only large-capitalization companies." + +L - 'Leader or laggard' + +"So, another basic rule in stock selection is to pick the leading stocks — the ones with the high relative strength values — and avoid the laggard stocks," he said. "I tend to restrict purchases to companies with relative strength ranks above 80." + +I - 'Institutional sponsorship' + +"Leading stocks usually have institutional backing," he said. "However, although some institutional sponsorship is desired, excessive sponsorship is not, because it would be a source of large selling if anything went wrong with the company or the market in general." + +M - 'Market' + +"Three out of four stocks will go in the same direction as a significant move in the market averages," he said. "That is why you need to learn how to interpret price and volume on a daily basis for signs that the market has topped." +Just over a year ago, [I posted about my EFI “experiment”]( https://www.reddit.com/r/financialindependence/comments/3b98z4/phase_1_complete_i_quit_my_job_at_40/); I quit my job to become a stay-at-home dad while my wife (who earned more) continued to work. We were nearly FI, but I was becoming stressed out at my job, and my wife was overwhelmed with working her challenging job while also being “supermom” to our kids (8 and 9). Life was getting pretty miserable for all. . . and it didn’t need to be that way. + +I thought I’d post a bullet-list update to try to keep it brief. I'm happy to go into more detail on any of the subjects below (or anything else, really). + +* NW at Retirement: 1.8M +* NW Now 1.95M (mostly from wife's pension growth. . . see [here](https://www.reddit.com/r/financialindependence/comments/4adi6p/impact_of_benchmark_bond_yields_on_a_pensions/)) +* Home life is vastly improved. This alone makes it worth it. +* Wife: Stress levels dramatically reduced. There *has* been a bit of . . . envy, but not usually negative. She is very keen on FI and has maybe pulled in her retirement date from 5 years to 3 (so, age 43). +* Me: After nearly 25 years of doing what I am “supposed” to do, answering the question of what I “want” to do was/is much harder than expected and requires developing new attitudes and habits. Making good progress though! Volunteering more to start. +* Exercise is critical, your physical and mental health can really suffer in middle age otherwise. +* Kids are no longer in daycare and are only signed up for their 2 favourite camps this summer. Lots more “unstructured” time. Perhaps too much, will probably sign them up in music lessons this fall. +* Having kids to take care of during the transition is a big help, spending more time on them provides a good stepping stone to total freedom. Helps to prevent “the crazies”. I imagine retiring to an empty nest would be more of a shock. +* Went from 2 cars to 1, was nervous at the time but have absolutely no regrets. +* I do most cooking and cleaning now (she likes to cook on weekends). I like cooking and am getting good reviews. +* She doesn’t think I clean enough (she’s right, retirement doesn’t change everything!) +* I got a very part time gig in my field (10-20K /year, few hours a week). Keeps the brain active and plugs the hole in the resume if I want to go back to work. I find I’m not super passionate about it though, an interesting thing to discover. +* Freedom to say “no” allows me to be extremely frank and picky about what I sign up to in that job. I’ve recently seen more crass ways of describing this freedom ;) +* We were never extremely frugal and we don’t really intend to be going forward. We’re going for “sensible-but-comfortable-while-avoiding-the-big-consumer-traps”. +* We went from having no budget, while working, to a budget of $60k per year. We hit $69k but that includes a new water heater and we replaced all the windows in the house. I’ll call that a partial victory with caveats. +* A 20 year old house has lots of things come due for replacement all at once. Doing an inventory of all parts of your house and scheduling replacement dates for everything can be eye-opening. +* We found we still rely heavily on her benefits for dental, optical, physio. This needs to be taken into account, maybe up to 10k per year! + +Approximate details of assets when I retired, June 2015, Total $1,805K: + +* House Value ~350k +* RRSPs 525k +* Tax-Free Savings Accounts: $100k +* Registered Education Savings Program: $60K +* Commuted value of spouse's pension: $550k +* Other (after tax) Investments: $200k +* Emergency fund: $20k + +Approximate details of assets, June 2016, Total $1950K: + +* House Value ~350k +* RRSPs: 540k +* Tax-Free Savings Accounts: $110k +* Registered Education Savings Program: $60K +* Commuted value of spouse's pension: $650k +* Other (after tax) Investments: $220k +* Emergency fund: $20k + +If I exclude the house, the RESP and account for the tax implications of pulling out the pension early (which we intend to do) this leaves us with a ~$1.4M stash. 4% of that is $56k. That’s enough for a good life, so we’re FI, but my wife wants to work a few more years (between 2 and 5) since she still enjoys it, and build up a buffer, or maybe a cottage. + +The value of the pension is an interesting subject on its own, and [I wrote a post](https://www.reddit.com/r/financialindependence/comments/4adi6p/impact_of_benchmark_bond_yields_on_a_pensions/) about how, in a way, it’s an effective hedge against the market. + +I’ll wrap it up there: if you want more details AMA. + +Hello retards, + +after some apes from Germany said there is high activity on google maps I drove there to check it. + +There were some lights on in the headquarters, the lower level light seems like they are dimmed, but at the higher levels there was clearly light switched on. In front of the building there was nothing special, only one guy standing around 20 minutes... +The subway station, that was reported as high activity area at 23pm German time was pretty empty at 1am after I was there, there were only 7 people waiting for the subway. I did not saw any movement at the lower levels of the headquarters, maybe because of the mirrored windows. +At the other side of the street is a second Deutsche Bank branch, probably the trading building of Deutsche Bank. In front of entrance there was a guy with his Mercedes taking out his big camera. There were clearly some people in front of the entrance. Maybe one of our apes with a big camera? +And one thing that made me thought: I noticed a bicycle in the office of UBS (see picture below), maybe there are some people at the office, because after you arrive with it you usually drive home with it... + +After all this there was nothing more suspicious for me. It was pretty empty at the time being. There were lights turned on, somebody who lives in Frankfurt and knows how much light is usually turned on can give us more information. + +Here are some pictures from the headquarter of Deutsche Bank (1:00 am local time): +[TwinTowers 1](https://ibb.co/jvcGJq1) +[TwinTowers 2](https://ibb.co/jvcGJq1) +[TwinTowers 3](https://ibb.co/bHftsrH) +[TwinTowers 4](https://ibb.co/r63ffm5) +[TwinTowers 5](https://ibb.co/zRYG6Cf) +[TwinTowers 6](https://ibb.co/X4XzZVN) +[TwinTowers 7](https://ibb.co/8rm9ZZz) +[TwinTowers 8](https://ibb.co/RctfpDf) +[TwinTowers entrance](https://ibb.co/rdYB5Qb) +Video: +[TwinTowers Video](https://youtu.be/6KlvS4CBIEk) + +Trading building of Deutsche Bank according to u/StrangeTackle (please correct me if I’m wrong): +[Trading Building 1](https://ibb.co/BBBfwXh) +[Trading Building 2](https://ibb.co/QprS2Yf) +Video: +[Trading Building Video](https://youtu.be/QJIuv6W6Ijs) +Trading Building at the video starting at 0:56, insane amounts of lights coming from it. + +The subway Station: +[Subway Station 1](https://ibb.co/sVxgw4W) +[Subway Station 2](https://ibb.co/gR1ZdH9) +[Subway Station 3](https://ibb.co/zJk8k2X) +[Subway Station 4](https://ibb.co/d2m74z2) +Video: +[Subway Station Video](https://youtu.be/R4ye37XlZlg) + +UBS building: +[UBS 1](https://ibb.co/ydyTNYS) +[UBS 2](https://ibb.co/ZXMVyDn) +[UBS 3](https://ibb.co/gwJYpz2) +[UBS 4](https://ibb.co/89n05Fv) +[UBS 5](https://ibb.co/bHdqNht) + +So we know something unusual is happening, currently we only see the effects of it, we need to dig deeper and see if we can find the cause for it. Do not be too hyped about it, we need to stay clear minded. Maybe there are apes checking the offices on google maps and causing this “popular times”. In addition to COVID where are less people at the office at peak times than usual is making the difference why we see a peak at night times. Maybe anyone who knows the calculation of it could say how this works. As for me: I did not find something very suspicious, but It does not change the fact that Shorts have to cover their positions 🙌🏻🚀 +Sorry if this is the wrong sub! + +I'm paid $65,000 annually, or $2,500 bi-weekly. Located in Oregon. + +I just received my first paycheck notification (haven't actually got it yet, just the notification of what it will be), and it's $1,536.18. A whopping 39% withheld. + +I want to say I claimed 0 on my federal and state allowances. Only $20 or so is withheld for dental, vision and health. + +What can I do to fix this? I realize I'll receive a refund at the end of each year, but I don't think that's ideal! I'd rather have it now, and owe a little (or hopefully nothing 0/0). + +Thanks for your time and help! + +Edit: Well, this blew up. I want to say thank you to everyone who commented and shared. Your advice and tips are much appreciated! I will be modifying my allowances to a point where I hopefully receive or owe just a few hundred at the end of the year, instead of getting a refund of several thousand. Again, thank you everyone! ***This thread has been LOCKED by the mods, but I hope it serves as a good reference for those searching in the future.*** + +Edit 2: I was able to look at my deductions, and I've been taxed twice for two states! Once for Oregon, the state I reside in, and once for Georgia, the state where my company is located. I work as a remote employee, and their HR/payroll department must have screwed something up! I'm waiting to hear back from them now. But that partly explains why my paycheck had so much withheld. Thanks again everyone! +they and myself are recent residents of the US. When the accident happened my father had some mild pain in his chest and shoulder since he drives close to the steering wheel the airbag hurt him slightly when it deployed, and my mother felt a little out of breath from the shock but she wasn't in any significant pain. Someone called an ambulance, when it arrived nobody asked him for insurance details or anything like that. The envelope they mailed the bill in is marked with a wrongish version of an address that my father never gave at the hospital, it's my cousin's place. From what I can gather, he and my mother were sitting on the sidewalk, and the police directed him to the ambulance to take a statement or whatever. + +They were then driven by said ambulance to a hospital after being told that they should probably be checked up. That's all. 5 miles down the road. It's been 4 months since and we hadn't received a bill before this. What should he be doing? We already went through a several month long process because the hospital was trying to stick them with a 30,000 USD bill, negotiated down to what the car insurance's accident fund, supplemented with some of his own money will cover. + +This is less than ideal and we don't *really* know what to do. +Are there any small businesses that would be a better investment option long-term than index funds? I don't need the liquidity, but index funds always just seemed so simple WRT time management and taxes. If I were to buy a small business (or businesses) or invest in some real estate, I would definitely hire a manager or property manager. I'm looking for alternative ways to generate a passive income. I can invest up to $1MM. +Topic. Basically I've looked at some ETFs like SKYY, and it has had a return rate of 20% since inception in 2011. I am curious do ETFs usually follow the same return rate as the sector its tracking? So for example the total cloud market is currently at 300 bn, and is projected to grow to 2 trillion with a average growth rate of \~18% per year. Would that mean that cloud ETFs like SKYY should also give similar return rate of around \~18%? +Hi all, + +I grew up in a poor, financial illiterate household, and worked like crazy from 15 till now. I have around 30k in savings and want to take risks. I'm a young male, 23, finished uni and headed into higher paying work. All of the advice I see on Reddit usually pertains to Americans (max out 401k and Roth IRA etc). I want to know how an Aussie can get ahead. + +What do I have access to right now to make my life more fruitful. I want to know more about the following things. + I'd like to know WHAT I can do, and WHY it is worth doing. Examples below - please correct if they are dodgy: + + Salary sacrifice: Reduce total income from employer by putting money into super. Tax burden is lessened. + + ETF investment: Savings accounts typically grow at below 3 percent in a year. Inflation goes up by a similar amount. Some ETFs return a lot higher than this, but are of course risky. + + I want to know about: + First home owners grant. + Instant asset write-off and government business support. + Optional super contributions. +Etc etc. + Any other schemes and gov programs I can get into. + + Cheers! +Finally getting on top of my finances for the first time (after growing up very poor and having unstable employment) in my late 30s. + +I'd like get some advice so I know I'm on the right track. I'm looking for someone who will: + +Look at my current position + +Discuss my goals with me, and maximize my chances of achieve them + +Help me create a plan around investments, super, and take into account my tax situation etc. + +Is that what a financial advisor does? Is there a ballpark figure for that kind of advice/plan? + +I'm single, no kids if that matters. + + +EDIT: thanks to all who recommended barefoot investor. I read that last year and that's what got me to the point of having an emergency fund, budget and good super. I'm now looking for more detailed advice around my soecific situation from a professional. +I'm hodling ETH, IOT, XRP, ADA and XLM at the moment, and trying to learn as much as possible about the value proposition and underlying technology of the top cryptos. I was also participating in the Crypto20 ICO, as I believe an index fund of cryptos is a very good idea. + +My investment philosophy is to buy coins that actually provide something beyond just storage of value. I don't really believe in BTC long term, as I don't see why the world wouldn't use a more scalable, energy efficient, low/zero fee crypto. + +What are some overrated cryptos, the way you see it, and why do you see it that way? + +I currently have a little over $300,000 in student loans. They’ve been deferred since I graduated residency due to COVID. I currently max my 401K and Backdoor Roth IRA; and have 3+ months of savings in an emergency fund. I currently am contributing to no other investments. + +Since loan repayment has been delayed again, should I be taking that money and investing it into my brokerage account even though we’re in a bear market, or should I be repaying my loans even though they are not due yet? Some (not all) of my loans are as high as 7.9% interest for context. +Let’s be honest, most people on this sub didn’t get into coins like Bitcoin and Ethereum early enough to get 10x+ returns. + +But the good thing about this crazy market is that there has been so much opportunity in the last few years that many people have made small fortunes in altcoins. + +For me, the single greatest investment I ever made in crypto is probably the NEXO token. I literally managed to get in right at the bottom just last year after using their service and researching the company. I still hold it to this day and at the ATH I think it was a **40x return** within a year. + +So, what’s your greatest single investment in crypto? +The original post was taken down on r/GME because the paper I linked to was hosted on an alt-right website. I DO NOT ENDORSE THESE POLITICS. The paper is legitimate and is now hosted in a new location on this post and in r/gme. + +The paper referenced in this post is old and I note that the current situation has likely changed since 2008. However another loophole for a profitable scheme is quite likely to have been found. Any suggestions for how new rules could be bent to facilitate this type of scheme in 2021 would be appreciated. + +**TLDR**: Naked short selling privileges could be being illegally lent to short hedge funds by market makers. The married put trade and the even sneakier reverse conversion modification of the trade are described. These types of trade explain: + +* how short interest has been manipulated in official reporting numbers +* how naked short selling has become so widespread +* why borrow fees can still be so ridiculously low +* that the vast majority of options (both puts and calls) might be due to naked short selling +* how short shares are 'washed' and able to be dumped on the market even during SSR +* why such a large number of way out of the money calls have been seen recently (actually part of a naked short trick, not long whales or gamma ramps) + +Looking at open put interest *naked shorts sold might be at least 150-200%* of float! + +With patience key options used for the manipulation will expire and the house of cards will collapse. Every time we hit max pain the shorts' pain increases. HODL!! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +*Note: this is not financial advice. I am not a cat. I read some papers and made some interpretations. Any number of these could be flawed and wrong. Make your own mind up.* + +**Introduction** + +One of the big questions surrounding GME has been about the reported short interest (SI) since Jan: *How is it possible that reported SI is so low when all other evidence suggests that SI is astronomical in GME?* + +Another question we all have is: *Why the fuck is the borrow rate so low when there are no shares available to borrow?!* + +Here I will try to answer these questions and how they relate to GME and the options market. + +While looking into naked short selling I discovered a few great resources that I will use here. The main one can be found here: [2007.10.09-J-Welborn-Married-Puts-and-Reverse-Conversions.pdf](https://wetransfer.com/downloads/d2c6318f7953ae019390eddfd65b213820210330221314/51f103) + +Here's a little bit of background from the paper: + +>“failures-to-deliver” (FTDs) are, in effect, phantom shares that circulate in the stock market as real shares; just as counterfeit currency destroys the value of a currency, phantom shares deflate the price of a company’s shares. FTDs are generated using a variety of mechanisms. One is through abuse of the options market maker exception, which allows options market makers to short shares they have neither borrowed nor located in order to hedge. Abusive short sellers or hedge funds are illegally “renting” the options market maker exception to obtain phantom shares which can be sold into the market. + +These phantom shares have flooded the GME market. In January reported SI was 140% meaning without any doubt massive naked shorting was happening in GME. Now we see that institutions own anywhere from 130-200% of available float once again showing that naked shorting is rife. Finally if we look at retail ownership of GME it could easily be 100%+ of free float. Estimates are difficult but many other great DDs suggest huge retail ownership. + +Here is a quote from a [letter](https://www.sec.gov/rules/proposed/s72303/sonecon010504.txt) former Undersecretary of Commerce Robert Shapiro forwarded to the SEC based on his own research into naked short selling: + +>When the number of uncovered short sales in a stock exceeds its public float-or even the total number of shares issued or outstanding--the only plausible explanation is a concerted and illegal effort by short sellers to flood the marketplace with counterfeit or fictitious shares, in order to artificially drive down the stock's price and increase the value of the shorts. Massive naked short sales turn the equity market into a form of monopoly pricing for the firms that fall victim to such sales, in which the short seller sets the price at a level guaranteed to provide a quasi-monopoly return. These actions, in effect, destroy the integrity of the market system for firms targeted by naked short sellers and create a direct transfer of wealth from existing shareholders to the illegal short sellers. The firms targeted for such manipulation are generally smaller, younger public firms - the type of company which has generated many of the techno logical and organizational innovations that have contributed so much to the increases in business investment and productivity of recent years. As relatively small and young companies with much fewer shares in their public floats than their older and larger counterparts, their individual decline or destruction also generally attracts little public attention. + +Fuck these fraudulent fucks who sell phantom shares to put companies out of business. This time they have fucked with the wrong company because GME HAS A FUCKING SHIT-TON OF GLOBAL ATTENTION! + +The shorts have never been faced with a horde of artistic apes who only know how to HODL, buy the dip and 💎🙌 till moon. + +**How a hedge fund can fake SI numbers and sell naked** + +One of the perks of being a market maker (MM) is that you don't need to play by the normal rules of FTDs and selling short. In the process of making markets, which requires hedging positions, market makers theoretically may need to sell stock they temporarily do not have. For this reason, Regulation SHO allowed market makers, “…\[an\] exception from the uniform ‘‘locate’’ requirement, as Rule 203(b)(2)(iii), for short sales executed by market makers, as defined in Section 3(a)(38) of the Exchange Act, including specialists and options market makers, but *only in connection with bonafide market making activities*.” + +Although only MMs should have the ability to sell stock naked *it is possible to loan their privileges' to other hedgefunds to play short*. This image is taken from the linked paper and gives an example of naked selling for Overstock shares using a *married put* trade: + +[ Example of a married put for Overstock shares ](https://preview.redd.it/mwmf4rxuz7q61.png?width=896&format=png&auto=webp&s=3dc49db83737283a0821f874c94f22b6ccedc36a) + +Example of a married put for Overstock shares + +This could be, *and almost certainly is*, being done with GME shares to hide SI and avoid massive borrowing fees. + +The option market maker obtains a market neutral position. Selling puts, alone, would create a net long position. Thus, in theory, the option market maker’s naked short sale hedges against downward price moves. The option market maker receives a premium for the puts. In the example above, most of the $5 is the fee the market maker charges for “renting” his short sale locate exception allowed under Regulation SHO. + +After the married put is executed, the short seller then sells the “shares” into the market. Every time the short seller sells a share, his net short position increases due to the decreasing long position in the GME stock. The end result is that he is long puts on GME, which is equivalent to being short. + +So it is possible to short sell using MM privileges with an options trick and avoid massive borrowing fees for hard to borrow stock. THIS IS ILLEGAL AND CLEAR MANIPULATION OF THE MM RULES! + +In a 2003 SEC Interpretive Release, the Commission expressed concern about “*the manipulative sale of securities underlying a married put as part of a scheme to drive the market price down and later profit by purchasing the securities at a depressed price*.” With increased scrutiny on married puts, anecdotal evidence suggests that they are being masked within market neutral trades known as reverse conversions. + +**How to hide your illegal married put: the** ***reverse conversion***\*\*!\*\* + +Here is another example of naked selling for Overstock shares, now using a reverse conversion trade: + +[ Example of a reverse conversion version of the married put for Overstock shares ](https://preview.redd.it/byyqzeqxz7q61.png?width=899&format=png&auto=webp&s=e8342600932db92cba6212ae04923218845d43b6) + +Example of a reverse conversion version of the married put for Overstock shares + +The addition of the the call sales masks the trade and attempts to hide it's illegality. However, a key point from the paper states that: + +>Regulation SHO stocks with large, unsettled trades often exhibit a similar characteristic: ***“short selling” hedge funds with significant put holdings in 13F filings*** + +Now to take a look at Puts in GME using some other great ape DD. + +**Options trading in GME** + +We see a MASSIVE amount of PUTs sold for GME expiring on April 16: [https://www.reddit.com/r/GME/comments/mfw3u4/huge\_number\_of\_puts\_expiring\_april\_16\_382k\_open/](https://www.reddit.com/r/GME/comments/mfw3u4/huge_number_of_puts_expiring_april_16_382k_open/) + +That is a possible 70% of hidden short interest that will expires in the options in a couple of weeks!! + +Many of the PUT trades are likely to be the hedge funds' short positions from married puts. If they can expire worthless the hedge funds lose their bet and the MMs are left with a massive shit-ton of short sold IOUs to deal with. + +If we look into all the put option interest for future months we might see the full scale of the married put naked shorting scam. + +[u/Cuttingwater\_](https://www.reddit.com/u/Cuttingwater_/) took a look for me and found that if you tally up all puts <25$ (which just seem like write offs and would never be used) purchased for all available options dates, we are looking at > 150% of the float. That could be at least 150% of float sold naked! This number could be significantly higher as some options traded as part of the scam might have already expired. + +208% if you include all puts OTM + +In the case of the reverse conversion scam an extra call option is involved. For this version of the hidden naked short, the short hedgies are actually left with a way out of the money call. MAYBE THIS IS WHY WE SAW SUCH HIGH OPEN INTEREST FOR 800c CALLS IN RECENT WEEKS!!! + +Every week we end around max pain we inflict more damage on the shorts: [https://www.reddit.com/r/GME/comments/mejp0k/the\_concept\_of\_max\_pain\_and\_why\_this\_is\_probably/](https://www.reddit.com/r/GME/comments/mejp0k/the_concept_of_max_pain_and_why_this_is_probably/) + +Potentially the vast majority of options (both puts and calls) in GME could have been created as part of a naked shorting privilege scam. Therefore the longer we inflict max pain on the GME options, and the more patiently we HODL the more chance we have to ensure these fraudulent fucks are left with nothing. + +All the recent DTCC filings suggest that they are covering their ass and looking into this bullshit before it explodes in their faces. Recent filings also mention that their aware of and ready to deal with option trading shenanigans by the MMs: [https://www.reddit.com/r/GME/comments/mecfwi/too\_ape\_didnt\_read\_sec\_filings\_part\_two\_fuck/](https://www.reddit.com/r/GME/comments/mecfwi/too_ape_didnt_read_sec_filings_part_two_fuck/) + +**Conclusion** + +GME short interest is likely hidden in the options using manipulative trades that illegally allow hedge funds to borrow market maker privileges and avoid paying large borrow fees. Every week that we allow options contracts to finish out of the money the illegal naked short trades become more unsustainable. DTCC filings show that they are scrambling to avoid holding the bag. A larger hand (or whale flipper?) seems to almost always set us down perfectly around the max pain each Friday to drain the shorts... + +A storm is brewing around GME. I'm just gonna keep HODLin' and buyin' that dip. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 1: What if the Dark Pools are largely being used for the married put trades. To sell naked shares directly to the shorts along with their puts!!! + +Edit 2: [u/Cuttingwater\_](https://www.reddit.com/u/Cuttingwater_/) helped look into the options and found this: + +>[@broccaaa](https://www.reddit.com/user/broccaaa) if you tally up all puts <25$ (which just seem like write offs and would never be used) purchased for all available options dates, we are looking at > 150% of the float +208% if you include all puts OTM + +I will add this to the main text. Could suggest that at least 150% is naked short sold. Other options as part of the scam could've already expired meaning this is a lower bound. + +Edit 3: This also explains why SSR doesn't do much!! When MMs sell short to hedgies it 'washes' the short tag away. The hedges just have 'normal' phantom shares to dump at will! +I've been reading economic articles over the last 5 years. Many times a article would spring up speaking about how the super rich are attempting to steal people's retirements, especially Social Security. Is this possible if the U.S government defaults? Did a group of people plan this? Something like well the U.S government defaulted so we must pay xyz first and the rest of the people get screwed, rest of the people such as Social Security? +I owe a decent chunk of change to IRS due to messing up my W4 for 2017. I filed late (Oct 2018) and therefore just recently got a letter back from IRS saying they want the full amount paid by Dec. 31 2018. Problem is the amount is way too much to handle at once which is why I submitted the form requesting a Payment Plan (along with initial payment) when I filed in Oct. What happened to that request I have no idea. When I login to the online IRS site it doesn't show me any info about the payment plan, only the full amount owing by Dec. 31 plus some interest already. So I need to talk to someone but the Call Center is closed. Any advice? If I wait it out how much interest am I looking at paying monthly? +I am a male professional singer. I work as a vocal soloist at a Roman Catholic parish in Boston, Massachusetts. + +I have a colleague who is a female professional singer and works as a vocal soloist at the same church. We have the same job, and were both hired in September 2019. + +At the beginning of our employment, one year ago, we were both hired at a pay rate of $75 per "call" (where one "call" is a rehearsal or service/mass). We originally had a schedule of one weeknight rehearsal plus two Sunday morning services, for a total compensation of $225 per week. + +Since quarantine measures were implemented in March 2020, our schedule changed to one live-streamed service each Sunday morning with a short rehearsal beforehand (and no weeknight rehearsal). + +During this time I have been paid $75 per week. + +I recently found out, when conversing with my colleague, that she has been paid $150 per week during this timeframe. + +We perform exactly the same functions, in exactly the same way, in exactly the same amount. + +I pointed this disparity out to both the Director of Music and the Finance Director in an email, and they are now suggesting I speak with them (by phone or video chat). + +I would appreciate any advice regarding this situation. +He is very talented but even if he becomes a Broadway lead, I think paying off the debt would be nearly impossible. The schools he is considering are no less than 30k per year and some are MUCH more. How do you get through to a passionate teen who has their heart set on something? + +Edit: I'm not trying to crush his dreams. I fully support him pursuing theater as a career, I just don't want him to bankrupt himself in the process. +If you had a credit spread 10 wide collecting $300 premium and the credit spread gets totally fucked for max loss ($700 on a 10 wide spread). Do you wait til expiry to close it for theta decay to work as much as possible on the premium or do you just close it? Assuming there is no chance of a comeback and you cannot roll for a credit. +Hey guys, + +I was curious if there is anyone in here that just sells options contracts for a living. How much do you have in your account and how much do you typically try to bring in per week/month. +Seems like you can reduce the cost-basis of a 2-year LEAP by \~20% selling a call 2 weeks out...must be IV from the upcoming earnings. Do that a few times and you might have a few free LEAPS on PLTR... I'm picking up the 65C LEAP for 12 and selling the Feb 19th 45C for \~1.3. Was tempted by the low 40s where you can sell for \~2, but too close for me if PLTR has another burst upwards. + +edit: I understand typically a PMCC is done DITM...My intention with the OTM LEAP is for it to eventually become ITM while selling calls along the way. They're only "covered" in the sense that the LEAPS delta offsets the calls. Not perfectly, yes, but in the event of an explosive upside I am banking on vega helping me out. + + +According to IB's risk profiler, the breakeven is at 73, I imagine due to the rising IV if it were to close above 45 within the next two weeks. I'm bullish, but not that bullish... +[Link to optionsprofitcalculator screenshot](https://i.imgur.com/gog8cS9.png) + +All 10/2 dates + +Buy 410c, 385p +Sell 405c, 390p + +$60 range of profits seems impossibly too good to be true, what am I missing? +I started investing in April (bad timing), and made some poor choices. Was mostly selling CSPs. The quality stocks never came my way, but am staring at assignment on some of the other ones. + +I’m willing to offload bad stocks, and minimize the damage. + +One major mistake is not capping max loss with spreads etc. + + +1. What’s the best way to hedge? +2. Any recommendations on which of these I should just sell away and forget. + +My major holdings: + +Coursera (40% down) [stock] +PTON (sold CSPs which will get assigned) +ETSY (CSPs I rolled over once already) +MVIS, CLOV, PSFE +PLTR ( CSPs sold yesterday) + +Unity +SNAP +TWTR +JD +ETSY + + +I will appreciate all your feedback. + +30k isn’t the end of the world for me, but will be more judicious with my choices in the future. + + I’m open to investing more, so if there are any strategies that won’t do too badly if the market keeps dropping, I’m happy to try them as well. +How do you use technical analysis to get the best odds of selling puts and be able to close the put a few days later hopefully for a win? In this macro environment, I don’t necessarily want to do the wheel. +Last week, I sold a bunch of CSP for GME at an average strike of $96 and average breakeven of $82. + +They expire tomorrow. + +I've decided to just take the assignment since there's a chance gme makes a run to $80+. + +I know I'm stupid for selling the puts but am I stupid for letting myself get assigned? + + + +Edit: rolled over to lower strikes and 1 month dte +So I've been selling CCs against 100 shares of Corsair $CRSR, and have been collecting some premium bringing down my cost basis. Since its a monthly I went big for the upcoming 9/17 expiry and sold the 27.5 strike price and received $180 premium for a breakeven of 29.3. + +CRSR rode around ATM all day and before the end of the day dropped, closing at 28.85 + +My understanding was because it closed below my breakeven, the option should expire worthless by .55 which would result in me KEEPING my shares and my premium. + +To my surprise I was still assigned away. Luckily I was still at a profit but I rooted for it to close below my breakeven because I thought that kept my shares safe. + +&#x200B; + +Did they choose to execute for a loss? Is it because of how Robinhood handles stuff(i heard they take over an hour before close and the price was about 10 cents over my breakeven at that time)? Or am I incorrect in my thought that breakeven is more important than strike? I enjoy the wheel so far and wanna make sure I plan accordingly. Thanks +👋️🦍️⌚️📖️🍆️⚖️ + +Hey apes, time to RTFL: Read The Fucking Law. (That's the law they use to fuck us) + +Can't read? No problem, I'll TACR it for you. Don't like my TACR? No problem, read it yourself. Can't read AND don't like my TACR? Find a lawyer and get them to read it for you. + +First, disclaimers - I'm a big proponent of DRSing shares. I've been holding since Jan 2021, DRS'd in September, 99% DRS'd since October. I am not a lawyer, just reading (#blessed) + +Let's start with where I started, [the Queen herself](https://twitter.com/SusanneTrimbath/status/1438653922449641472): + +[https:\/\/twitter.com\/SusanneTrimbath\/status\/1438653922449641472](https://preview.redd.it/d2kdy4yi38u81.png?width=588&format=png&auto=webp&s=b2aa343e8e76b5d767776b3919d5d1fbfff67538) + +Interesting enough on its own, I'd say. I like having rights and protections. But what is this "entitlement holder"? + +The answer lies in the [Uniform Commercial Code](https://www.law.cornell.edu/ucc/8/8-102), in Article 8 on investment securities: + +[https:\/\/www.law.cornell.edu\/ucc\/8\/8-102](https://preview.redd.it/a1etsm6748u81.png?width=626&format=png&auto=webp&s=9a944798f60e17a58185f607669e42fda70074d3) + +&#x200B; + +https://preview.redd.it/nqqaprie58u81.png?width=592&format=png&auto=webp&s=5110b84e5f63364986172a1f344765ce6a909e92 + +This part bears quoting in text - Entitlement holder: person having a security entitlement **against** the securities intermediary (broker). + +So while an "entitlement" may at first sound like an absolute thing, in actuality, it is specifically "against" your broker. It just means your broker owes you a share. Hmm, what does that remind me of? + +[That's as good as shares, sir. That's a share IOU](https://preview.redd.it/3e52cfi558u81.png?width=960&format=png&auto=webp&s=94823806cdfe43612b43430b1df0dd9449177dd8) + +Ok, so if an "entitlement holder" only has a "security entitlement" (share IOU from their broker), then how can someone know if they have a share IOU or a real share? What *is* a real share? Not an "entitlement" to a security, but the "security" itself? + +[Uhhh.... many word, such read, wut mean?](https://preview.redd.it/oy5vb08v58u81.png?width=648&format=png&auto=webp&s=16d01ce09245782b8a569a1f44c3b25af2897f14) + +TACR: To be a security, something has to not fall under the exceptions in 8-103, and it has to meet all three criteria (i), (ii), and (iii). + +The exceptions in [8-103](https://www.law.cornell.edu/ucc/8/8-103#8-103) carve out things which explicitly are not securities, like options, commodity contracts, things which don't trade on markets, etc. None of them seem to apply to GME, but you can read it for yourself. + +Now, to be a security, each of (i), (ii), and (iii) must be true. Let's look at (i) specifically: + +>(i) which is represented by a security certificate in bearer or registered form, or the transfer of which may be registered upon books maintained for that purpose by or on behalf of the issuer; + +So to be a security, this must be true, which means at least one of these things: + +* It is represented by a security certificate in bearer form +* It is represented by a security certificate in registered form +* The transfer of the thing is registered upon the books, maintained for the purpose of registration, by the issuer (GameStop) or for the issuer (i.e. by their transfer agent, Computershare) + +So, if you do not have a certificate (which is hard to come by these days, pretty much no one deals in stock certificates anymore), and you are not registered on the books maintained by Gamestop/Computershare, **then you do not have a GME security**. Full stop. + +How does one get onto these books that are maintained by GameStop's transfer agent Computershare? (Spoiler: It's through Computershare) + +Honestly, that should be the end of this post right there. + +Unfortunately, due to certain derivative repping shills, I also have to talk about why a share IOU is not just as good as a share. + +[https:\/\/www.law.cornell.edu\/ucc\/8\/8-503](https://preview.redd.it/p37a2ximd8u81.png?width=680&format=png&auto=webp&s=d41736064abd1086308397ed304e162fdd1325a5) + +>An entitlement holder's property interest with respect to a particular financial asset under subsection (a) is a pro rata property interest in all interests in that financial asset held by the securities intermediary, + +"Pro rata" means proportional. "To the extent necessary for a securities intermediary to satisfy all security entitlements" means when push comes to shove. + +If your broker doesn't have enough shares for all the IOUs they've handed out, you'll have to make do with fewer shares than you have share IOUs. If the DTC doesn't have enough shares for all the share IOUs they've handed out, you'll have to make do with fewer shares than you have share IOUs. + +Edit to add this paragraph: I've responded to a comment saying "of course, all shares are pro-rata". To be clear, there is a difference between a pro-rata interest in the issuer (what we assume a share means), and a pro-rata interest in "that financial asset held by the security intermediary" (what this law states). The basis for determining this pro-rata proportion is not the company's issued/authorized/outstanding shares, but the potentially much larger number of shares owed by the intermediary to its entitlement holders. As an example, if a broker sold 1000 shares, including 100 to you, but only received and holds 500, you have property interest in just 50 shares, not the 100 you see neatly credited to your account. + +But that's just my interpretation, what do I kn-- huh? what's that [SEC staff](https://www.sec.gov/news/speech/2007/spch101607ers.htm)? + +[https:\/\/www.sec.gov\/news\/speech\/2007\/spch101607ers.htm](https://preview.redd.it/kmtk8jvhf8u81.png?width=805&format=png&auto=webp&s=b89150d29a7f1a9a6f14856478f2c2138f4503e2) + +Alright, let's wrap this post up. To summarize: + +* A real share (security) is registered on the books maintained for the issuer, by their transfer agent (or is certificated) +* A share IOU from your broker (security entitlement) is what you actually have when your "shares" are not registered +* A share IOU is **not as good as** a share. It is a **pro-rata** property interest in real shares held by the DTC/Cede & Co. +* If you want to *have* a share instead of *be owed* a share, you gotta ask your broker to deliver what they owe you + +All along, we said the secret ingredient was crime. And there is a lot of crime. But there is also a non-trivial amount of technically legal non-delivery due to holders not RTFL and not asking for delivery of what they paid for and are owed. + +https://preview.redd.it/ir83p0gag8u81.png?width=489&format=png&auto=webp&s=023041e22707286357dafc6f9683e711bf1b0dcf + +PS. Special shout outs to u/millertime1216 and u/mistakesnmoney for motivating me to write this. 🦍️❤️🦍️. Shout out to DRS haters for frustrating me enough to go look up all these laws. To any shills coming for me in the comments: hope you're not selling covered calls, those pro-rata shares may not cover you when shit hits the fan. +👋️🦍️⌚️📖️🍆️⚖️ + +Hey apes, time to RTFL: Read The Fucking Law. (That's the law they use to fuck us) + +Can't read? No problem, I'll TACR it for you. Don't like my TACR? No problem, read it yourself. Can't read AND don't like my TACR? Find a lawyer and get them to read it for you. + +First, disclaimers - I'm a big proponent of DRSing shares. I've been holding since Jan 2021, DRS'd in September, 99% DRS'd since October. I am not a lawyer, just reading (#blessed) + +Let's start with where I started, [the Queen herself](https://twitter.com/SusanneTrimbath/status/1438653922449641472): + +[https:\/\/twitter.com\/SusanneTrimbath\/status\/1438653922449641472](https://preview.redd.it/d2kdy4yi38u81.png?width=588&format=png&auto=webp&s=b2aa343e8e76b5d767776b3919d5d1fbfff67538) + +Interesting enough on its own, I'd say. I like having rights and protections. But what is this "entitlement holder"? + +The answer lies in the [Uniform Commercial Code](https://www.law.cornell.edu/ucc/8/8-102), in Article 8 on investment securities: + +[https:\/\/www.law.cornell.edu\/ucc\/8\/8-102](https://preview.redd.it/a1etsm6748u81.png?width=626&format=png&auto=webp&s=9a944798f60e17a58185f607669e42fda70074d3) + +&#x200B; + +https://preview.redd.it/nqqaprie58u81.png?width=592&format=png&auto=webp&s=5110b84e5f63364986172a1f344765ce6a909e92 + +This part bears quoting in text - Entitlement holder: person having a security entitlement **against** the securities intermediary (broker). + +So while an "entitlement" may at first sound like an absolute thing, in actuality, it is specifically "against" your broker. It just means your broker owes you a share. Hmm, what does that remind me of? + +[That's as good as shares, sir. That's a share IOU](https://preview.redd.it/3e52cfi558u81.png?width=960&format=png&auto=webp&s=94823806cdfe43612b43430b1df0dd9449177dd8) + +Ok, so if an "entitlement holder" only has a "security entitlement" (share IOU from their broker), then how can someone know if they have a share IOU or a real share? What *is* a real share? Not an "entitlement" to a security, but the "security" itself? + +[Uhhh.... many word, such read, wut mean?](https://preview.redd.it/oy5vb08v58u81.png?width=648&format=png&auto=webp&s=16d01ce09245782b8a569a1f44c3b25af2897f14) +