diff --git "a/reddit_finance_43_250k_383.txt" "b/reddit_finance_43_250k_383.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_383.txt" @@ -0,0 +1,10000 @@ + +Bitcoin has not succeeded. Ask yourself who is actually using Bitcoin? Are you using it to purchase anything? Now ask if your friends or relatives are using Bitcoin? I think most of us will answer no. You see Bitcoin does not offer anything of value to consumers. Its difficult to buy, and its useful in very few places. When it is useful, its no more useful than using a credit card which carries consumer protections that Bitcoin does not. + +One of the reasons that Bitcoin is even sustaining its price right now is because it is the main way in which people are buying Ether. Once more exchanges add Ether to fiat pairing, Bitcoins days are numbered. It gives me no satisfaction to write that, but nevertheless I believe its the truth. The only use Bitcoin has right now and in the future is as a store of wealth. Its utility is virtually nonexistent. Currency needs to be valuable for reasons other than its a currency. That is why Ether will take over for Bitcoin. Ether will have a purpose other than a store of value. It will be used for gas, and staking. + +My bet is that within 90 days of larger exchanges adding ether/fiat pairs directly, Bitcoin will drop below $250 and from there will decline in a slow death spiral. All the attacks on my post, and ether in general, won't stop that from occurring. + +Also, I read somewhere that there has been a tremendous movement of Bitcoin to Poloniex and Kraken. If that is true mand I am trying to verify it, why those two exchanges? Answer: they both offer Ether Bitcoin pairing. + + + +The token market is definitely hitting a soft patch. Companies are having more trouble raising money than before, and tokens in general are not appreciating as much or as fast as they were previously. + +But today I saw a new signal of a soft market - I actually see a token sale where the tokens are currently selling on etherdelta for less than the ICO price, and the ICO is still happening! + +Check out Ripio: +https://etherdelta.com/#0xf970b8e36e23f7fc3fd752eea86f8be8d83375a6-ETH + +You can buy Ripio token right now on Etherdelta for 75% of the price of the ripio ICO. + +These are real and valid ripio tokens. If you can't believe it, then simply buy some ripio from the ICO, and go sell it on Etherdelta to check for yourself. + +Amazing. Definitely a new low for the ICO market. + +Also, who is buying tokens in this ICO if they can simply buy in the secondary? + +EDIT: Also, I want to point out that at this point the team actually has the ETH for these tokens, so if you buy on the secondary market, you are getting a discount to the ETH in the sale. Very weird, kind of like buying below par value or something for value investing. +I have been an investor in Bitcoin for since 2012. I owned a lot. The operative word is "owned". I have since sold all of my Bitcoin in favor of Ether. + +Many years ago (before the internet was where it is today) I had a group of seniors come to me to help them collect on some money from a foreign entity. It turns out they were all scammed in the old version of "you have inherited... emails" + +These poor people could not let go of the fact that their belief/dreams of being rich were based upon a scam, and in fact when I told them that they fired me. Many years later I met one of them and he told me that in 2015 they gave up trying to collect and gave up trying to get their money back. + +I tell you that because I see many similarities in the Bitcoin community. I am not at all saying that Bitcoin is a scam, its not. I am however saying that people can't let go of their dream that Bitcoin will become the world currency and consumers will start using it. + +Bitcoin has not succeeded. Ask yourself who is actually using Bitcoin? Are you using it to purchase anything? Now ask if your friends or relatives are using Bitcoin? I think most of us will answer no. You see Bitcoin does not offer anything of value to consumers. Its difficult to buy, and its useful in very few places. When it is useful, its no more useful than using a credit card which carries consumer protections that Bitcoin does not. + +One of the reasons that Bitcoin is even sustaining its price right now is because it is the main way in which people are buying Ether. Once more exchanges add Ether to fiat pairing, Bitcoins days are numbered. It gives me no satisfaction to write that, but nevertheless I believe its the truth. The only use Bitcoin has right now and in the future is as a store of wealth. Its utility is virtually nonexistent. Currency needs to be valuable for reasons other than its a currency. That is why Ether will take over for Bitcoin. Ether will have a purpose other than a store of value. It will be used for gas, and staking. + +My bet is that within 90 days of larger exchanges adding ether/fiat pairs directly, Bitcoin will drop below $250 and from there will decline in a slow death spiral. All the attacks on my post, and ether in general, won't stop that from occurring. + +Also, I read somewhere that there has been a tremendous movement of Bitcoin to Poloniex and Kraken. If that is true mand I am trying to verify it, why those two exchanges? Answer: they both offer Ether Bitcoin pairing. + + + + +How can last week be so green in the US given what’s going on. The liquidity issue isn’t a concern anymore because of unlimited QE but that isn’t going to protect businesses and workers when they all go bankrupt. + +Corona death numbers are doubling every two days and it’s at 3k TODAY!!!!! By Easter it’ll be over 500k of deaths - how is the market going up - once the big money starts to sell the markets crashing +A mutual fund is essentially just a basket of individual stocks/bonds/whatever. Within that basket the fund managers are constantly selling/buying and receiving dividends. The IRS has special rules for mutual funds which allow them to not pay taxes on the capital gains/dividends generated provided they pass through almost all of the proceeds from said activities to the shareholder within the calendar year. So dividends are often paid on some set schedule but capital gains are generally retained within the fund till the end of the year(because losses can reduce gains but can't be distributed to a shareholder). + +So on to why your fund dropped: in mid December everyone starts distributing these gains and as we know when a fund makes a distribution its NAV drops by an equal amount. For example a fund that was trading at $10 and had It's value made up of $9 worth of stock and $1 worth of cash to be distributed now no longer has that $1. So it'll drop by 10% because of that fact. Don't worry, you didn't lose any money because the $1 was paid to you in cash(and in most cases reinvested in the form of buying more shares). + +There isn't any value created or lost in a distribution(except to taxes) it's just a necessary taxable transaction that must occur because of how mutual funds are structured. ETFs are technically subject to this as well but since most follow passive cap weighted strategies or use the creation/redemption to wash out appreciated shares so they don't usually have capital gains realized to distribute. + +Also please feel free to add whatever questions/comments you have to this sticky. + +Here's a quick way to see what capital gains estimates/distribution dates are for most funds:[https://mutualfundobserver.com/discuss/discussion/56970/2020-capital-gains-estimates](https://mutualfundobserver.com/discuss/discussion/56970/2020-capital-gains-estimates)Ctrl + f your fund family. Chances are it's on one of these two pages. If not, google search "\_\_\_\_\_\_ funds capital gains distributions 2020" + +Please note we'll be deleting any threads on the subject and pointing people here in order to keep the clutter down. +Full disclosure: I own Nano. Have been in it since 2017. + + +While Bitcoin, Dogecoin and ETH are getting all the hype right now, it is important to learn about other players in the market with potentially better tech. + +NANO is a direct competitor to LTC and Bitcoin. Nano was created in order to be used in transactions and make them free and instantaneous. + +There are multiple advantages to NANO when compared to other competitors: + +1. Fee-less + +Unlike many other cryptos, nano is fee-less. This is a major advantage to other crypto’s, especially since Bitcoin can get really expensive really fast. In 2017, a Bitcoin transaction could cost over $40 and take 2 hours to complete. This is a major drawback for small everyday transactions. It could be argued that Bitcoin is a store of value, and should not be used for small transactions but it does go against the original thesis of Satoshi. + +2. Instant + +Nano is essentially instantaneous and that is extremely important for small every day transactions. I recommend opening two nano wallets and sending money back and worth to truly appreciate the speed of the network. + +3. Eco-friendly + +I think this is a huge point that many people overlook. With the rise of Bitcoin, more and more power is dedicated to mining/processing transactions, and at a certain point the cost of doing so will be insane. With Nano, thousands of transactions can happen at the same time without the insane energy consumption that we are all used to seeing. + + +Conclusion: + +These are just a few advantages that new people should know about NANO. +If the goal is to truly make a convenient crypto that lets people to freely transact, there is a strong argument for Nano technology. +Additionally, the team is fairly experienced and has been around for over 4 years now. +Good luck, and happy investing. + + + +EDIT: A few people asked, but NANO is a fully built out network. It has been available for use since 2015 (called raiblocks), and has gone through multiple stress tests. + +EDIT 2: There is a lot of healthy discussion going on, but also a few people think I am shilling for the coin. To be honest, I will be holding this crypto for a long time. I did not expect this post to take off, if I did, I would make it more detailed. Anyway, this is obviously just an opinion, and there can be disagreements on whether the technology makes sense or not. +I've been part of this community for a while now, and it can get overwhelming at times. + +I graduated with my business degree last January, and was hired right out of school by a major Canadian eCommerce company called Shopify. I work remote enterprise support, which puts me somewhere in between a cushy call center agent and an account manager. It pays a decent salary, allows me to work from home, and offers a world of opportunity in terms of internal growth. Here's the catch- + +My dream has always been to move to a little loft somewhere in downtown Toronto. Right now, rent would take up over half of my monthly income. I don't want to wake up in my late twenties in the same place I started, y'know? There's too much potential at this company to leave, but every day I get closer to quitting my job, moving out, and starting some ocean conservation charity or something else I care about. + +I've got complacent- the one trap I promised myself I'd never fall into. I have half a condo downpayment saved, no debt, I live with my parents rent free, and my job (as miserable as it can be sometimes) is easier than that of most of my friends. I've got nothing to complain about- but I'm not happy. In college I would stay up late every night working on new ideas and strategies to build the life I wanted to live. Now, I hardly know where to start. I'm having a hard time finding the motivation to keep trying. + +I'm not asking for a solution, but I've just gotta make sure I'm not alone in this. + +Those of you who have felt the same- where on earth do I go from here? +I know this is probably not the right sub for it, but I've been part of the GME saga before the sneeze and I told my mom many times about it. I've made my mom a promise, and GME is a part of it. I don't look for karma. I just wanted to share it to the internet family. + +My family was always very poor. We often lived on one meal per day which was bread and ketchup (cause ketchup was cheaper than butter). Things got so tough, that my father became an aggressive alcoholic and eventually, after years, drank himself to death. At some point, it was just my mom raising me and my brothers. She was working two shifts just to make ends meet and the only break she had was when she was asleep. She never went on any vacation. She never bought herself anything pretty. Every penny she had, she spent on me and my brothers. She was swimming in debts, but she still did everything she could to make us happy. + +When I was in my early teens, my mom took a loan to buy us a computer. We've spent days and nights with my brothers, playing games (of course sometimes fighting who's turn is it) and coding some stuff ourselves. Video games not only became an escape for me from the awful reality, but also a way to learn. It changed my childhood and perspective on things. With time I realized that this is what I want to do - create experiences. + +I've started learning design and some development at early age and it paid off. Considering the place I started, I think I got quite successful. Even though my mom still had debts and lived very poor, she always said she doesn't need much in life, and I should take care of myself or help others. + +There was this time when I saw a homeless man digging in trash. I asked him if he'd like to eat a lunch with me. We went to the nearest restaurant, had a meal and talked about his life and what got him to that point. He cried most of the time. He said everyone are treating him like trash and nobody wants to give him a chance. He said talking to me was the nicest thing that happened to him in years. I realized it was that easy to make someone happy and feel hope again. It felt good to have a positive impact on a stranger's life. + +I've started to do it more often. I also was helping some single mothers who were in a bad financial situation. I will admit I didn't do all I could, but I did something. I wanted to help on a larger scale, for families and people who deserve it around the world. Not by donating to some charity, but doing the work and giving comfort personally. + +Then GME happened. I thought it was a chance to do what I was born to do. Everything I had I've put into GME. Pretty much all my savings and was adding more every month. Yea I know "you shouldn't invest what you can't afford to lose" but honestly I didn't care if I lose. I was poor and I can get poor again, but if I have a chance to change people's lives, I'll grab it with both arms and hold as hard as I can. I told my mom something big will happen and I will be able to do a lot of good soon. + +The GME squeeze was stopped. Few months later my mom was diagnosed with cancer. She fought as hard as she could, but few days ago her health got really bad. She was going through a lot of pain. I can't even imagine how she felt. + +Today, as I was holding her hand for the last time, I promised her, that I will use whatever success I'll be blessed with to help others, wether it's the people closest to me, or the people I'll meet on my life's journey. I know I'll never change the world, but I can try to do as much as I can around me. She passed away few hours later. + +My mom always thought she didn't do anything meaningful in life....mom you gave life to me, and everything I'll do is thanks to you. + +I won't be waiting for GME to squeeze to do some good, but it's what will help me make a true impact. Despite all the crimes that are happening I still truly believe that this is the way. + +Stay strong brothers and sisters! + +EDIT: Thank you everyone for kind words! I've read every single comment and It really feels good to know that so many people for a moment though about my mom. I'm sure she would be very happy. I'll make it all count. +We occasionally make megathreads on important news. We will be removing other posts on this topic to help clear up the frontpage of r/CryptoCurrency. You may also want to check out the [daily discussion for 2020-11-30](https://www.reddit.com/r/CryptoCurrency/comments/k3kp5t/daily_discussion_november_30_2020_gmt0/). + +Want to chat with people? [Join our Discord](https://discord.gg/8T7aqnZ). + +--- + +Sources/articles: + +["Bitcoin Price Sets New Record High Above $19,783" - CoinDesk](https://www.coindesk.com/bitcoin-price-reaches-record-high) + +["Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record" - The Wall Street Journal](https://www.wsj.com/articles/bitcoin-hits-all-time-high-of-19-786-topping-record-from-december-2017-11606750573) + +["Bitcoin hits an all-time high of just under $20,000" - CNN](https://www.cnn.com/2020/11/30/investing/bitcoin-prices-record-high/index.html) + +["Bitcoin Rallies Above $19,000 After Biggest Rout Since Pandemic" - Bloomberg](https://www.bloomberg.com/news/articles/2020-11-30/bitcoin-rallies-toward-19-000-after-biggest-rout-since-pandemic) + +["Bitcoin price hits all-time high of almost $20,000" - The Guardian](https://www.theguardian.com/technology/2020/nov/30/bitcoin-price-hits-all-time-high-of-almost-20000) + +["Bitcoin price hits $19K as bulls show no fear of record futures gap" - CoinTelegraph](https://cointelegraph.com/news/bitcoin-price-hits-19k-as-bulls-show-no-fear-of-record-futures-gap) + +["Bitcoin’s Price Breaks All-Time High: Here’s Why it Happened" - Decrypt](https://decrypt.co/49508/bitcoins-price-breaks-all-time-high-heres-why) + +["Bitcoin Crushes Previous All-Time Price Highs Surpassing 2017's Bull Run" - Bitcoin.com](https://news.bitcoin.com/bitcoin-crushes-previous-all-time-price-highs-surpassing-2017s-bull-run/) + +["Bitcoin hits new all-time high of $19,857, extends year-to-date return to 177%" - Business Insider](https://markets.businessinsider.com/currencies/news/bitcoin-hits-new-record-high-after-trading-above-19700-2020-11-1029849416) + +["Bitcoin Just Broke The All-Time High Recorded In December 2017" - CryptoPotato](https://cryptopotato.com/bitcoin-just-broke-the-all-time-high-recorded-in-december-2017/) + +Please comment below if you want to add an additional link. +Edit 5: They just called me and I explained the whole thing and now they’re looking into it again. + +Edit 4: Here is proof of me texting my friend who actually is an engineer who worked on the YouInvest app, right after I saw the Review message. I believe around that time the prices were still consistent https://imgur.com/gallery/jsUt8ws + +EDIT: Thanks for being so helpful, wsb community. I'm hoping this will grab Chase's attention. +EDIT 2: Filed a FINRA compaint like a lot of you suggested +EDIT 3: open to lawyer connections here. I have a full time job at a small startup so am exhausted to even do all this legal research. I’d offer 10% of what I’m owed. + +I got into options because of the volatile market, did my due diligence. I signed up with Chase JPM as my brokerage: big mistake. + +Long story short, I bought some SNAP calls and NOK Puts during late March. Later, both options shot straight up in value, SNAP call at \~5000%, and the NOK put at \~$8000 %, totaling in around $25,000 in profits. Price per contract when I bought: SNAP 0.16 NOK 0.06. Day contract price shooting up was March 18th. + +Picture Evidence: [Imgur Snapshot of My Youinvest](https://imgur.com/gallery/YztbkaK) + +Picture of purchase receipt: https://imgur.com/gallery/lrNh9Hy + +I tried to submit the order to Close, but Chase YouInvest gives me a message saying + +"Due to the Large Amount Orders Rule, your order will be reviewed." + +Guess what? They kept it under review status all day long, and eventually the contracts expired worthless. + +So I called customer support to ask them about this review process, and they said"Any Options orders that total in $5000 in transactions must be reviewed by our team". + +They refused to lift the review policy from my account, and 2 weeks since the incident still have not heard back about the $25000 loss. + +Do not use YouInvest. I’m relatively new to stocks and options but this seems pretty close to fraud to me. +I've developed a pretty easy habit that gives me a satisfying amount of detail about my personal spending. Last year I got a lot of comments asking for more detail on how I do it so I thought I would give an update here. Please send me feedback/recommendations. I'd also just be curious to see how other people do it and gain any form of mentorship in general for anyone willing to take me under their wing. + +http://imgur.com/BY9AxSg + +EDIT: Attached a copy of my spreadsheet for those inspired to make their own: + +EDIT 2: Sorry everyone. the post was temporarily shut down for revealing too much personally identifiable information (probably in my best interest since it got 670 upvotes and 46k views in 10 hours). after i get back from christmas break i'll try to figure out a way to publish a sanitized version of my spreadsheet for you to use. thanks for the positive feedback and happy holidays +**My Question:** + + *Hi, I've been looking all over the place for an answer to this question and can't seem to find a definitive answer. When ETFs purchase shares, are they registered in their own name at the transfer agent, or does it go through Cede & Co like regular brokers? Also, is it the same for other institutions, such as pension funds, mutual funds, index funds, etc..? Thanks!* + +**SEC Answer:** + +Dear ----:  + + +Thank you for contacting the U.S. Securities and Exchange Commission (SEC).  + + +You ask whether shares purchased by ETFs, pension funds, mutual funds, and index funds are registered in their own name at the transfer agent or if they go through Cede & Co.  + + +Mutual funds (including index funds) are not DTC-eligible (Depository Trust Company). They are purchased and redeemed (no secondary market) between brokers and mutual fund entities (technically transfer agents, often part of the fund organization, or a third-party processor). The National Securities Clearing Corporation (NSCC) has a platform called Fund/SERV and a related service called Networking that connect brokers placing and settling mutual fund orders with fund transfer agents. + + +Pension funds are institutional investors and typically appoint investment advisors to instruct trade orders to brokers and then settle via their custodians at DTC. They use a service called ITP (institutional trade processing) to coordinate between the investment manager, broker and custodian. On the pension plan side, pension funds also have recordkeepers to keep track of underlying  sub-accounting for plan participants.  + + +Unlike mutual fund shares, ETFs do not sell individual shares directly to, or redeem their individual shares directly from, retail investors. Instead, ETF sponsors enter into contractual relationships with one or more financial institutions known as “Authorized Participant,” typically large broker-dealers. Only Authorized Participants are permitted to purchase and redeem shares directly from the ETF, and they can do so only in large aggregations or blocks (e.g., 50,000 ETF shares) commonly called “Creation Units.” + + +To purchase shares from an ETF, an Authorized Participant assembles and deposits a designated basket of securities and cash with the fund in exchange for ETF shares. Once the Authorized Participant receives the ETF shares, it is free to sell the ETF shares in the secondary market to individual investors, institutions, or market makers. + + +Shares that are held by the ETF’s investment portfolio are subject to Rule 17f of the Investment Company Act of 1940 and general practice is to hold those shares with a custodian bank. Shares at a custodian bank tend to be held in the asset owner’s name (for example, “Vanguard S&P 500 ETF,” “Ford Foundation” or “California Public Employees’ Retirement System”). If an ETF is DTC-eligible (which most US ETFs are, once created), they clear and settle like equities in the secondary market. They are held at DTC and registered like all deposited securities in DTC’s central nominee name, Cede & Co.  + + +Please let us know if you have additional questions. + + +Sincerely,  + + +Office of Investor Education and Advocacy  +U.S. Securities and Exchange Commission  +Would like to hear 3 ways you guys save money/make money that are outside of the normal, "don't blow money on frivolous things, don't use credit cards," etc. + +I'll start: + +- 1.) Every state is different, but I think most have this model, or have recently moved to it (which a lot of people don't know). In my state you can choose an energy supplier for electricity and gas. The state has a website that lets you compare rates and choose a supplier. Some rates are locked in for a peroid, some are fluctuating, and some have early termination fees, but you can save hundreds of dollars a year by being smart about it and selecting a good rate, then switching before the promotion ends. Their hope is that you just forget, about the promotion, much like cable TV. Anyone who has more info on these, please chime in! + +- 2.) Look for a coupon for EVERYTHING, not just when you grocery shop. I just had my oil changed recently, and I drive a very large vehicle that takes 7 quarts of oil. The last time I had it changed I was in a hurry and I didn't look for a coupon, I just needed it done. It cost me $58 at a quick lube place. This time I did a simple google search for sales in my area, and found a coupon for a $15. They got me right in and it only took 20 mins. Of course there are extra charges like oil disposal, and the coupon was for only 5 quarts, so I had to pay for the other 2, but after taxes, fees, and the 2 oil, I only paid $23.38. That's a $35 difference for literally 1 minute of effort. Anyone who changes their own oil, especially a larger vehicle, knows it would be tough to get an oil change at that price by doing it yourself, plus you'd have to dispose of the oil when you're done.. + +- 3.) Forget a yard/garage sale, take your stuff to the closest flea market, preferably on their busiest day/weekend of the year. You'd be shocked by how much money you can make from things you're ready to throw out, and how much more you make from flea markets compared to yard sales. At flea markets there are people all over, and buyers are afraid someone else is going to take something, so they are more inclined to buy. It's cheap to reserve a spot, and on busy weekends these places are crazy! You could make hundreds, if not thousands, from old clothes, small furniture, old electronics, video games, even stuff that you think is worthless like hangers and movies. Bundle hangers up in lots of 10, or charge a low price for each DVD. Ask 20% more than you want to get out of them because people will haggle. My local flea market has it's busiest weekend at the beginning of summer, and if you don't walk out with $500, you didn't try hard enough. + +Edit: Please share some of yours, it doesn't have to be 3. I just thought of a couple more: + +- 4.) I purchased 3 plastic piggy banks WITHOUT plugs at the bottom. This is a true piggy bank, because it has to be broken to use. I had one small one for nickels & dimes, and a large one for larger coins. Pennies went in an empty cashews canister. The vending machines at work give change with dollar coins. Over the year I would purposely use cash to get coins, especially at work. I would sometime stuff random bills in the banks as well. The piggy banks were red so I couldn't see through them (ordered on Amazon), and I put them in the back of my closet so I would forget about them. I think I saved $600-$800, but ended up needing that money for emergency bills, so I didn't take a vacation or whatever like I planned, I just had cash when I truly needed it. One thing I regret is using a coin counter, it charged like 12%, so it cost me almost $100. Next time I'm just asking my bank for coin rolls. + +- 5.) I hate grocery shopping & cooking, but have been trying to buy things in bulk to save (not outside of the box I know). I noticed when I separate things into normal dinner sizes, then freeze them/store them in those sizes, it makes me want to cook more, is way, way more convenient, and when I combine things to cook together saves me time. Buying cheap ziplock bags and doing this has been extremely helpful since I try to buy things I can freeze and avoid convenient foods that I tend to eat out of boredom. +The housing market is in an absolute frenzy right now and I've already missed out on two homes. My realtor keeps trying to slide a clause into my offers which allows the sellers to stay after closing "rent free" for X amount of days. I always have her remove this clause because I feel it puts me in a very precarious legal situation. + +Should the sellers have any snags in their process of leaving the house/getting into their new living situation, from my understanding, I am then a landlord (and my tenants have no lease!) and could potentially have to evict people from a house I now own. She keeps insisting it makes my offer more attractive and "sellers pay for any damages". Am I the one out of line here? +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) +Posting this for u/strong-ape-bro due to lack of karma. All credit to him! Edit: added screenshots + +&#x200B; + +https://preview.redd.it/fsqmw907pv371.png?width=640&format=png&auto=webp&s=f072b45d582052be91ede94053b655522f4a759c + +&#x200B; + +His thoughts: + +" Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg + +This is freaking huge. + +3 of the **biggest** prime brokers are pulling the plug on 1) shorting GME and 2) increased collateral requirements. + +**Bloomberg article:** [**https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks**](https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks) + +&#x200B; + +https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe + +&#x200B; + +https://preview.redd.it/1zai4bphpv371.jpg?width=640&format=pjpg&auto=webp&s=374e67fa884adfaa34acd12f434e355dff716d4c + +For those unaware: + +1. [Bank of America is the prime broker for 96% of Citadel’s “activities”](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/). +2. BofA recently terminated analyst coverage of GME. +3. On June 4, BofA also restricted short positions on GME and increased collateral requirements for existing positions. +4. Citigroup, Goldman Sachs did the same. +🚨 Fuck The FBI Official ($FUCKFBI) 🚨 + +🚨 FBI had their little crypto raid and they think all of a sudden “There is no place beyond the reach of the FBI…” Well, news flash, that ain't happening here! + +🚨 We are starting our journey to the top now. This token will be everywhere and the FBI will eventually see it and they will realize how close they are yet how far away they are. + +🚨 Not today FBI. + +🚨🚨 Fair launched with 50% burned at launch, locked liquidity, and ownership renounced at launch. + +🚨🚨 The marketing is rolling out now and it is going to continue for the foreseeable future. + +🔥🔥🔥 FuckTheFBI ($FUCKFBI) 🔥🔥🔥 + +🔥🔥🔥 Fair Launch Soon 🔥🔥🔥 + +🚨 Verified: https://bscscan.com/token/0xe72Bc6fd7c643E8C7Bc233B2887273aaD4A004D5#writeContract + +🚨 Locked Liq: https://dxsale.app/app/pages/dxlockview?id=0&add=0x0881aA6F8945fa2ac1E660DBA99407dEfBF97c20&type=lplock&chain=BSC + +🚨 Renounced: https://bscscan.com/tx/0x39255dbb60f98c61b12c0e8d6592fb431852fe26da7157e8422b86eaf19e8aad + +🚨 Contract: 0xe72Bc6fd7c643E8C7Bc233B2887273aaD4A004D5 + +⚙️ TOKENOMICS: ⚙️ + +🚨 Liquidity - 1 BnB 🚨 + +Total Supply: 1,000,000,000,000,000 + +🔥 50% Burn at launch + +🌟 10% transaction fee + +💸 3% fee for the Marketing Wallet + +🎭 Telegram: https://t.me/FuckTheFBIOfficial +While everything I have is on cold storage, I can't help but think someone is going to get a hold of my 24 word private key somewhere and take everything... Down right paranoia.. +**typo fix:** I want to publicly apologize ~~against~~ to Barry Silbert + +---------------- + +Hello, this is Nooku. + +I have done something terrible. I have insulted Barry Silbert yesterday through our EthTrader community. + +And I got a reprimand from the moderation team. Rightfully so. + +The /r/EthTrader moderators have rightfully warned me about my behaviour and I hereby want to publicly apologize to both the Moderation team as Barry Silbert. + +Barry, I realize that wat you have done for our Ethereum community by supporting the Ethereum Classic fork should be a reason for respect, and **not** for insult. + +To Bitcoin moderator /u/thieflar , the person I had the debate with, I also must apologize. You were pointing out to us that we supposedly have rolled back the chain in 2016. + +Although I still strongly disagree, I deeply apologize for not going in debate with you but resort to calling you a really big and close friend of Barry Silbert (with again, a not-so-nice synonym). That's not how I should have been argumenting against you. I see that now. + +Barry, + +I have wrongfully insulted you by calling you (synonym for "useful idiot"). This was a mistake. I deeply regret this now and I hope you can find a way to forgive me. + +To the /r/ethtrader community, I also want to apologize. I failed you. As a long-term user and administrator of another Ethereum subreddit here ( /r/ethdev ) I should have known better and be more civil. + +Please accept my apologies and I hope to become a better person now through all of this. + +I also want to reach out to Barry Silbert and the entire EthereumClassic community to have a more civil and constructive discussion about the future of Ethereum and recognize your love for the tech. + +My deepest and humblest apologies, + +Nooku +I have always been curious as to what keeps you going. Is there a particular thing that motivates you to keep working, saving, investing and/off paying off debt? + +For me, I know it sounds crazy but I kinda think of real life as similar to RuneScape (a game I used to play back in 2007). The idea of progressing through something, achieving something tangible and having an impact is satisfying. Watching your bank balance grow, being able to continue to invest in good assets etc. And I would also say the realisation that nothing is guaranteed tomorrow - I could lose my job any time for any reason so I have to work hard today to ensure that tomorrow is safe. + +What is it for you? +We are a couple in our mid-30s, working in the IT industry in Melbourne. While we can actually afford an 800k-1mil house, we can't stomach the fact that we will be owing so much debt for a small house in the outer suburbs. Our work will probably be in the CBD or Richmond area. We have always lived very close to work (walking distance) during our working lives, so moving out far to get a house and owing so much in mortgage makes me feel like it's not a good deal for what we will pay. + +We don't have kids but may plan to have them in the next 3-5 years. We are comfortable to spend 500K on an inner-city 2BR older-style apartment that may need a little work, possibly in Richmond or Hawthorn. First home buyers. + +Are we crazy? Please knock some sense into us if we're making the wrong move! The negatives I can think of for buying an apartment is: + +* no huge growth on the property value +* lack of space/backyard +* strata fees +* cannot remodel as we wish in terms of knocking down walls or moving pipes around + +Are we missing anything? What are your experiences and what advice can you give us? +Just wondering if anyone has any insight as to why the following happened: + +Credit score of 969 +No debts and never had any +Have a credit card that is paid off monthly (open for many years) +No mortgage +Fully paid off flat +Good professional job making roughly £40k/year working in a hospital + +Denied for a small loan of 4K + +I checked Experian and nothing funky seems to be going down. Just rather stumped. Any ideas everyone? + +Edit: +Thank you all for your kind input! + +So I checked out the other credit companies (Equifax and Transunion) and you were all right on the money - they’ve got my details completely backwards. + +Quite ridiculous that they are allowed so much influence without any oversight as to being factually correct. But hey-ho, now I can sort it out and know to watch them like a hawk! + +Cheers everyone +So to give a background story, i have 2 biological siblings and we’re all adopted to one mother. My “mom” wants to kick me and my brother out soon because she can’t afford the house we live in currently (a whole big topic/story). She’s taking my little sister with her who just manipulates her and is kind of a puppet master and is broke and jobless(17). I had nothing growing up and i live as if i’m poor. I save all of my money. I recently purchased a car but my brother(22) is still struggling in life and has a spending addiction. We work at the same place and the car i bought i share with him but he still (after around 6 months) doesn’t have money for a car… + +Growing up and becoming adopted made my social anxiety worse but i’m aware of it and trying every single day to make it better especially now that i’m a manager at a fast food place i can already tell i’m improving day by day. It’s currently early October as i’m writing this and i’ll be kicked out sometime in early November because my mom isn’t paying anything on the house we’re in now. I’ve always been independent but i don’t think i can afford anything around where i live while still in high school and working full time. It really gets to me mentally and stresses me out. + +I love helping people and working but my mom who has early onset dementia doesn’t see that i guess? I’m not really close with anyone in my house except my brother. My sister backstabbed me (another topic/story) and all she does in my house is smoke pot with her deadbeat boyfriend all day and my mom allows it. I don’t have many friends because i’m not really social so it’s not like i can go anywhere plus i don’t really wanna seem as if i’m a burden after all… I’m really not sure what to do, I may have to live in my car, i don’t have anyone in my family that i know which sucks and i feel as if i hit a dead end at such an early age. + +I thought about dropping out and getting a GED because i want to pursue a career in computer science and i don’t really need school for that if i am able to self teach myself, but, then again, i’m not sure. I’d love to be set up financially and i’m not sure how to do it. i already have 50% of my money invested in stocks long term because i love to save and invest money for my future. if there’s any advice on what to do or where to go please send any advice my way because i love to learn new things from people who either have been through tough situations like this or can just see the situation from a broader view. +What happens when a company is bought and then delisted from the NYSE? I just got into the stock market and bought a couple companies that I use pretty often (seemed to be like the consensus on what to buy as your first shares). Twitter is one of them, with musk planning to take the company private what would happen to my shares that I have and how would I go about selling them if that does happen? Or do I just lose all my money? +This has obviously happened before and i’ve done some googling and it does say the price takes a hit and it gets harder to sell those shares, but like where do I actually sell them / how big of a price hit does it take and is there a chance of the price going up? Twitter was just the example I used but would love to know what happens in general. +The argument is often made that the US is too large and spread out to build infrastructure like intercity trains like Europe and Japan. In this post, I'm not saying whether certain infrastructure projects are good ideas or not. I just want to point out that the "spread out" argument is invalid. + +The US is large, but the population is mostly packed in certain megaregions. [SanSan](http://en.wikipedia.org/wiki/SanSan) (30 million), [ChiPitts](http://en.wikipedia.org/wiki/Chipitts) (54 million), the [Texas Triangle](http://en.wikipedia.org/wiki/Texas_Triangle) (17 million), [Florida](http://en.wikipedia.org/wiki/Florida) (18 million), and [BosWash](http://en.wikipedia.org/wiki/Northeast_megalopolis) (50 million) contain a huge number of people (total of 169 million people, or more than half of the US population, in those areas alone). This is why I cringe whenever people make the argument that the US is too spread out for us to deploy fiber to the home, trains, or other infrastructure. + +Here is a nice map showing the densely populated areas: + +http://en.wikipedia.org/wiki/File:MapofEmergingUSMegaregions.png + +I apologize if this is too much on the finance side of things, but I've never been able to find a straight answer for this. In my finance class, every method we learned to valuate stocks involved the anticipated dividend. However, stocks like Apple do not pay dividends, nor have they ever. I understand that these stocks continue to go up because demand drives increases in their price, but why does that demand exist? + +It seems to me that the only value in these stocks comes from the assumption that others will value it more, with no concrete reason for these prices to continue to go up. I would appreciate any explanation for this. +[Moral Hazard vs. Liquidity and Optimal Unemployment Insurance](http://dash.harvard.edu/bitstream/handle/1/9751256/Chetty_MoralHazard.pdf?sequence=1) + +*** + +This week's article was nominated by /u/p0m, who writes: + +> Basically completely changed the way we think about unemployment insurance. + +> From the abstract: + +> > This paper presents new evidence on why unemployment insurance (UI) benefits affect search behavior and develops a simple method of calculating the welfare gains from UI using this evidence. I show that 60 percent of the increase in unemployment durations caused by UI benefits is due to a "liquidity effect" rather than distortions in marginal incentives to search ("moral hazard") + +> Basically, the old view is that unemployment insurance "disincentivizes" employment--why seek a job when you can kick back and relax? Raj Chetty (who won a much deserved John Bates Clark medal in 2013, in large part for this paper) noticed that the disincentive effect can be broken down into two parts: moral hazard (bad) and a liquidity effect (good). + +> The old view stipulated that the disincentive effect was purely moral hazard, but Raj Chetty showed that there is also a liquidity effect and *the liquidity effect is typically larger than the moral hazard.* For example, someone unemployed without UI will spend nearly all their time searching for a job. But this isn't always the most effective use of their time. Someone who does have UI might actually spend more of their time taking care of the kids, cooking food instead of buying more expensive fast food, and so on. + +> The math behind his results is a bit arcane, but basically relies on the idea that UI smooths out consumption relative to permanent income, especially with respect to our intertemporal choices (i.e. the opportunity cost we get for getting something now vs. waiting and having a larger reward later). Consequently, people who can perfectly smooth their consumption with savings do not experience a liquidity effect, but most recently unemployed do not have much in liquid savings. Therefore some of the policy recommendations Chetty makes include "unemployment loans" and unemployment savings accounts. + +*** + +Next week we will discuss Svensson's "Escaping a Liquidity Trap" and determine June's AotW. +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). +As of now, 5% of Auto Loans are behind payments and nearly half of them are underwater. Lots of NINJA loans were given out between 2020-2022. What will be impact on india if more mortgages start failing? +[Here's the Bloomberg Quint link](https://www.bloombergquint.com/mutual-funds/inflows-into-equity-mutual-funds-hit-seven-month-high-in-october#gs.cckXGRY) + +There was some discussion here in the sub, that after the Red October, mutual fund inflows would go down, compared to September numbers. + +Except, for whatever reason, that hasn't happened. SIP inflows were also on the rise. +We have 3 RBI designated Domestic- Systematically Important Banks(D-SIB)(SBI,HDFC and ICICI). These are the too big to fail banking institutions. In a situation of distress the government would step in to save them. + +However, government stepping in to formulate a revival plan for Yes Bank shows that probably all major banking institutions are sort of systematically important. So, apart from the technical capital requirements of DSIBs the government would step in to save any bank if it feels the need to. Then shouldn't capital requirements be set on all major banks and be officially declared as such? + +[RBI set capital requirements for DSIBs](https://m.rbi.org.in//Scripts/FS_PressRelease.aspx?prid=46553&fn=2745) +The Federal Reserve should make sure that its rate increases do not push Americans into the unemployment lines, said Sen. Elizabeth Warren, the Democrat from Massachusetts, on Wednesday. "Inflation is like an illness, and medicine needs to be tailored to the specific problem. Otherwise you could make things a lot worse," Warren told Fed Chairman Jerome Powell during a Senate Banking Committee hearing. "You could actually tip the economy into a recession," she said. The Fed has no control over global oil prices that are driving up gas prices, Warren said. "What's worse than high inflation and low unemployment?" Warren asked. "High inflation and recession with millions of people out of work," she answered. "I hope you consider that before you drive this economy off a cliff," she said. + +[https://www.marketwatch.com/story/sen-warren-warns-fed-chair-powell-not-to-drive-this-economy-off-a-cliff-2022-06-22?mod=mw\_latestnews](https://www.marketwatch.com/story/sen-warren-warns-fed-chair-powell-not-to-drive-this-economy-off-a-cliff-2022-06-22?mod=mw_latestnews) +HSBC’s private banking team (Asia) is pitching me. NWUS$20m (about US$9m liquid investments that they are looking to be moved across). Does anyone have experience of their private banking and views on whether it is worth it? Would also welcome feedback on their fees compared to other private banks. + +Their initial proposal on fees is: + +- Custody (Funds and Investment): 0.15% + +- Execution of Fund purchases: 1.00% + +- Discretionary Programmes (these vary between strategies): 0.65%-1.20% (inclusive of custody) + +- Lombard: 1.10% (over cost of funds) multi-currency drawdown in all major denominations + +Also, how do fatties think about having all liquid investments in one institution? Should I be worried about their creditworthiness and spread it around? +Right now this market is flourishing like crazy. Bitcoin is nice and stable and acting as almost a reserve currency that the alts can be traded against. It brings an ease to the market as a whole when bitcoin is like this and looking healthy. It allows people to experiment in the alts without fearing their USD value dumping because bitcoin is crashing. + +Its also handling most of the inflow and out flow and keeping most of the whales money safe as well. We want this. We want a reliable bitcoin at the center of things letting the market flourish. Slightly sideways and up is a great trajectory for bitcoin to allow these market conditions. + +Your alt coin does not need to "beat" bitcoin or take over its market share. It needs to coexist with it and do something useful for the world. + +Any time a big portion of the market starts thinking something disruptive will happen to bitcoin it tanks. Whales get nervous and go to fiat and everything snowballs. Bcash was what did it last time and IMO it would be great if everyone could sort of unite and let bitcoin have a change to do its thing without saying it needs to be brought down and replaced with something better... The fact is its working. I got a transaction today through on btc in like 30 minutes. And thats good enough for a chain handling most of the workload of on boarding the general public right now. The miners have also stopped the spam attacks which helps a lot. + +So can we let its do its slow steady reliable thing. Let it figure out how it wants to scale. Let it see if lightning atomic swaps or other tech will work.. let it hardfork when it thinks its read. LET IT BE THE STABLE BACKBONE for all this other cool experimentation. Because its working fine for something supporting so much right now. It is not trying to do crazy experimental stuff it is just supporting the entire market right now. + +So please... Even if you hate it for some reason atleast respect what happens to the market when it gets some stability and support. Everything gets to flourish. You dont need to kill bitcoin and replace it with your favorite alt. Because honestly if you put all the transactions and attacks happening to bitcoin onto your favorite alt.. odds are it would collapse. + +Just wanted to write this up here because I think its important for everyone to understand why we are flourishing now. +I don't normally post here but I've gotten texts and calls from people out of the woodwork that are interested in crypto all of a sudden due to the bitcoin halving. They are all feeling FOMO because price is going up and they want in. + +Most noobs think "OMG THE PRICE IS GOING UP CAUSE OF THE HALVING... IT'S GOING TO KEEP GOING TO THE MOON!" + + When in reality it's getting priced in RIGHT NOW and come the day of the halving (or a couple days before, basically this weekend), it may quite possibly stall out and fizzle out because by then it's already fully priced in. The halving is clear, public information. It is not some secret nobody knows about. You don't have any edge here. + +We have had 8 green weeks in a row. The Bitcoin halving is in 4 days. This is a classic, obvious, clear "buy the rumor, sell-on-the-date-of-the-news" type event as fundamental events with a clear date attached are rare for BTC. + +Also, everyone and their mother on twitter is posting about how Paul Tudor announced his fund is buying bitcoin. Listen guys, he prolly bought this shit at 4-6k and selling into your FOMO right fucking now. It's not a coincidence they published this shit 4 days before halving. I'm not giving financial advice. I'm not saying short this shit to the ground. I'm just warning newbies to not be surprised when come 1-3 days before the halving we get an insane blow off top followed by a subsequent bleed out or crash. +A data scientist here. Recently developed a tool that analyzes options flow from the entire day to make short term predictions of 1-5 days. Wanted to share some of the alerts for the next week with you folks. Please let me know if this is something that everyone likes here and if I should continue it. + +The tool is still new so please be careful with all the alerts. **I would recommend paper trading these for a few days and doing your own DD as well**. The overall accuracy is around 60-70% which means it can make mistakes. Happy to talk more about how the tool works. + +Bullish means the stock is expected to move up more than 1% from the current close at least 1 day in the next 1-5 days. Bearish means the stock is expected to stay the same or go low in the next few days. The definitions are a bit loose but the stock usually makes a decent amount in reality. + +# Bullish Alerts + +**$BABA** \- Bullish probability of 84.3%. This fell right at the 50 moving average which usually acts as a support for a stock in uptrend ([https://i.imgur.com/zHVQEAV.png](https://i.imgur.com/zHVQEAV.png)). + +**$CHWY** \- Bullish probability of 75.1%. Again, a beautiful setup especially if it falls on the support at $52 and starts to bounce back ([https://i.imgur.com/87PRrBI.png](https://i.imgur.com/87PRrBI.png)) + +**$MSFT** \- Bullish probability of 71.0%. As long as this stays above the support of $210, this is a good setup ([https://i.imgur.com/ap3wpn1.png](https://i.imgur.com/ap3wpn1.png)). Otherwise, it might fall down hard because of the gap. + +**$TWLO** \- Bullish probability of 67.2%. This is only a decent setup if it stays above the support of $245. Bad setup otherwise. However, the tool is bullish, so I have got to go with that. ([https://i.imgur.com/mBjDqeT.png](https://i.imgur.com/mBjDqeT.png)) + +# Bearish Alerts + +**$SPCE** \- Bearish probability of 88%. This was predicted to be bearish about a week ago and it has gone down a lot. Continue downward trend if it can break the support at $17 ([https://i.imgur.com/jwH4yyu.png](https://i.imgur.com/jwH4yyu.png)) ([https://i.imgur.com/78hHgpw.png](https://i.imgur.com/78hHgpw.png)) + +**$AAL** \- Bearish probability of 87.5%. I **would be careful** with this setup since the price is forming a bullish triangle. If it breaks the 13$ level, get out immediately as that is a good resistance level ([https://i.imgur.com/vCnsdc9.png](https://i.imgur.com/vCnsdc9.png)) + +**$SRNE** \- Bearish probability of 86.9%. This is the third alert from the tool and I've failed twice with this alert. So I would encourage you not to follow this. But I trust the tool and I think this is going to get down at some time. + +**$JPM** \- Bearish probability of 85.3%. This is a good setup if it touches the resistance and comes back from $99.7 level ([https://i.imgur.com/RCEvRes.png](https://i.imgur.com/RCEvRes.png)) + +**If you don't like these alerts, please don't be a hater, just ignore them. They are not perfect and I know that.** + +Happy to chat more about how everything works. Please do let me know if this is something folks here would want on daily basis. Here is a spreadsheet that contains results from the week before last ([https://docs.google.com/spreadsheets/d/1fT2P9JKxmnyZFFXEOl9QWBsqAqzTwYi-UXSPJ2InECw/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1fT2P9JKxmnyZFFXEOl9QWBsqAqzTwYi-UXSPJ2InECw/edit?usp=sharing)) +This is a response to a multitude of posts I've seen attempting to waive away the current Fed path as no big deal. This is not a doom post. The economy is unlikely to face a major recession any time soon. The pain in stocks on the other hand, is almost certain to continue for a while and may be pretty bad before it's all over. Not all rate hike cycles are the same. The total increase in rates matters, the speed of hikes matter, what is happening in the broader economy matters. But many of these posts leave all of that context out. A lot of you I think are relying on misleading, overly simplistic, devoid of context arguments to inform your thinking and it will probably result in losing money. + +Many people on this board seem to have little knowledge of markets before 2020. Hopefully this provides some education, and convinces you to proceed with caution. The last three years (yes, I'm intentionally including 2019, pre-pandemic) are highly abnormal and almost certainly will not continue. So if your frame of reference for what's normal is the last three years, read on, and seriously consider reducing your risk exposure. + +You've probably seen a number of posts like this, implying monetary tightening is no big deal and you should just shrug it off: + +*Market returns during Fed rate hike cycles:* + +*Aug 1954 - Oct 1957: 14%* +*Jun 1958 - Nov 1959: 24%* +*Aug 1961 - Nov 1966: 7%* +*Aug 1967 - Aug 1969: 4%* +*Mar 1972 - Jul 1974: -9%* +*Feb 1977 - Jun 1981: 11%* +*Mar 1983 - Aug 1984: 13%* +*Jan 1987 - May 1989: 16%* +*Feb 1994 - Feb 1995: 4%* +*Jun 1999 - May 2000: 10%* +*Jun 2004 - Jun 2006: 8%* +*Dec 2015 - Dec 2018: 8%* + +The implication is that what the Fed does is no big deal, and a lot of people seem to believe that. Or more likely, nervously convince themselves it's true, because they want it to be. + +**TLDR:** + +1. Monetary tightening is bad for stocks. This is indisputably true. That doesn't necessarily mean stocks will decline during monetary tightening. If they rise, it will be less than they would if monetary policy were eased. Stocks often decline soon after a rate hike cycle or at some point during the cycle, but the numbers above don't show you that. Conveniently. +2. Quantitative easing has completely changed the picture. Pre-QE references are not comparable. The combination of high inflation, QT and rapidly rising rates happening simultaneously has no historical comparison. And it is likely to cause a significant bear market. +3. Don't fight the Fed. + +**Refer to:** + +S&P 500 P/E: [https://www.multpl.com/s-p-500-pe-ratio](https://www.multpl.com/s-p-500-pe-ratio) + +Shiller P/E Ratio (CAPE): [https://www.multpl.com/shiller-pe](https://www.multpl.com/shiller-pe) + +Fed Balance Sheet: [https://www.federalreserve.gov/monetarypolicy/bst\_recenttrends.htm#:\~:text=Charts%20are%20generally%20updated%20at,4%3A30%20ET%20on%20Thursdays](https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm#:~:text=Charts%20are%20generally%20updated%20at,4%3A30%20ET%20on%20Thursdays). + +Fed Funds Rate: [https://www.macrotrends.net/2015/fed-funds-rate-historical-chart](https://www.macrotrends.net/2015/fed-funds-rate-historical-chart) + +S&P 500 Chart: [https://www.macrotrends.net/2324/sp-500-historical-chart-data](https://www.macrotrends.net/2324/sp-500-historical-chart-data) + +**Why is this different than other rate hike cycles?** + +QT and rate hikes have only occurred once, at a much smaller scale than what we're facing now, and it caused a bear market. During any of the previous rate hike cycles, QE/QT did not exist. + +Shrugging off the current path of the Fed is I think going to result in a lot of pain for anyone who tries to do it. Arguments like the above ignore an awful lot of context. Such as: + +* Many of these rate hike cycles did in fact cause bear markets. Just not immediately. Bear markets did occur during the rate hike cycles or soon after. Some of them were quite painful. +* What was happening with the economy? Generally the Fed has, and should, raise rates at the start of economic expansion, and lower rates as growth slows or contracts. That is the path many previous rate hike cycles followed. Is that where we are now? No it isn't. The Fed is tightening as growth has peaked and is about to slow. Facing headwinds from inflation and supply disruptions. The economy, and stock markets, are better able to withstand tightening when an expansion phase is ramping up than when peaked and is facing many headwinds to growth. +* Quantitative tightening is a much bigger bomb than the Fed funds rate. QT is almost entirely unstudied because it has not happened on a meaningful scale. **The only example of QT we have, caused a bear market that did not reverse until the Fed reversed.** +* Stock valuations by any measure are extreme by historical standards. Previous monetary tightening cycles generally began with more historically normal valuations. + +Stocks valuations are in bubble territory by historical valuation metrics. This isn't disputable, so if you're thinking of trying, don't. You might have convinced yourself that something is different now and the new, much higher than historical valuations are justified for reasons. It's possible you're right, but probably not. High valuations can generally only be supported by low interest rates and QE. Both of these are ending. + +Valuation using CAPE, we are at a multi decade high, only the dot com bubble has exceeded current valuations. Even during the roaring 20s, which preceded the great depression, valuations did not reach the levels they are at now. + +Valuation by S&P 500 P/E, we were in the mid 20s at the start of the year. Which is higher than nearly any point in history, other than dot com. Estimated now at around 21 thanks to this little correction. Which is still very high by historical standards. S&P 500 P/E over 20 has never been sustained for long outside of bubbles or when propelled by QE. + +Most Fed tightening cycles did include significant periods of pain in stock markets. Or were followed soon after. Though the no big dealers present it in a way that you don't see that. + +Right now, we have a stock market bubble, an over heated economy, high inflation, and an aggressively tightening Fed. This combination of factors has no precedent in post-WW2 US history. + +**Extreme Valuation Peaks:** + +*Roaring 20s - September 1929* + +CAPE: 32.56 + +S&P 500 P/E: 20.17 + +*Dot Com - Mid 2020* + +CAPE: 42.87 + +S&P 500 P/E: 28.50 + +*November 2021* + +CAPE: 38.58 + +S&P 500 P/E: 24.5 + +The previous two peaks were followed by massive losses in stocks that did not recover for more than a decade. + +**Rate hikes plus QT** + +Bulls are dramatically underestimating the impact of simultaneous rate hikes and QT, at a time the economy has already peaked and growth is going to slow. There is no historical precedent for this. + +QE first happened in the US in 2009. QE continued through November 2017. At that point the Fed began a slow QT process. The Fed had previously begun raising rates in 2015. This was a slow rate hike cycle at a rate of about 25bp every 3-6 months. In November 2017, the Fed announce QT. This started fairly slow, and progressed to a moderate pace. All told, QT lasted from November 2017 to August 2019. The Fed balance sheet contracted from 4.45 trillion to 3.76 trillion. A rate of about 31 billion a month. + +The combination of rising rates and QT caused a bear market in the fall of 2018. It ended when the Fed pledged to stop raising rates in December 2018. Then, even though the economy was fine, the Fed started cutting rates in 2019 and resumed QE. The resumption of QE astonished many analysts. The Fed in fact didn't call it QE, though it clearly was. So what was this? This was the Fed put. Stock and bond markets ballooned in 2019, the beginning of the Fed induced acceleration of one of the largest asset bubbles in US history. All because of printed money from the Fed, at a time it was not needed to support the economy. It's important to note, risk assets were not exactly cheap by historical measures before 2019. + +**Where are we now** + +Let's compare now to 2018, the only other time QT has happened, alongside rate hikes. + +From 2015-2018, the Fed hiked rates around 25bp a quarter. Today, we're looking at 50bp a month, for probably 3 months, followed by 25bp a month. A rate of increase around 5 times faster than 2015-2018. + +From November 2017 through August 2019, the Fed reduced its balance sheet by an average of 31 billion a month. Today, we're looking at 95 billion a month. A rate 3 times faster. + +A bear market began in September 2018 in response to QT and rising rates. The bear market of 2018 did not stop until the Fed stopped raising rates. QT ended soon after, and was followed by more QE. What happened? In 2018, inflation was not a problem. So the Fed Put was able to kick in. The Fed came to the rescue of the stock and bond markets. Can this happen now? No, not any time soon. The Fed has to fight inflation. There will be no Fed put to save stocks this time, not soon anyway. + +Valuations were less extreme at the start of the 2018 bear market. + +*September 2018* + +CAPE: 32.62 + +S&P 500 P/E: 22.52 + +*November 2021* + +CAPE: 38.58 + +S&P 500 P/E: 24.52 + +**Previous Rate Hike Cycles:** + +You don't really need to continue reading if you don't want to. But important context is provided for each rate hike cycle. Most of these were not exactly raging bull markets, and in many ways were not remotely comparable to where we are now. + +Aug 1954 - Oct 1957: 14% + +* The US exited a recession in May 1954. +* The Fed raised rates into an economic expansion from around 1.5% to 3% over the course of about a year and a half. Briefly touching 3.5%, upon which a recession immediately followed. +* Bear market from 1956 to 1957 +* CAPE and S&P 500 P/E in the mid teens + +Jun 1958 - Nov 1959: 24% + +* The US exited a recession in April 1958. +* The Fed raised rates into an economic expansion from around 1.5% to 4% over the course of about a year. A recession followed in April 1960. +* Stocks dropped from 1959 to 1960 but did not officially enter a bear market +* CAPE and S&P 500 P/E in the mid teens + +Aug 1961 - Nov 1966: 7% + +* The US exited a recession in January 1961. +* The Fed raised rates into an economic expansion to 6% over about 4 years. Worth noting this coincided with one of the longest and strongest US economic expansions. It included the Vietnam war and expansive fiscal policy. +* Bear markets in '61 and '66 +* CAPE and S&P 500 P/E in the high teens to low 20s + +The inflation era from the late 60s to early 80s. I'm going to talk about this qualitatively because looking at the numbers above is meaningless. You might look at the numbers above and think, oh look, 1977-1981, those were pretty good years in the market. No, it absolutely wasn't. Inflation outpaced market gains. + +On an inflation adjusted basis, the S&P 500 was in nearly a 15 year bear market from 1968-1982. On an inflation adjusted basis, the market declined 65% over 15 years. This does not account for dividends. It was absolutely brutal. P/E on the S&P 500 declined deep into single digits. Yes, that's right, for all you who think a P/E of 20 is cheap, single digits. I believe it bottomed around 6-7. CAPE also declined into the single digits. Why? Stagflation. Interestingly, now is the first time since then that any serious person is seriously suggesting we may enter a period of stagflation. + +Mar 1983 - Aug 1984: 13% + +* The US exited a brutal recession in December 1982. The recession was caused by, you guessed it, The Volcker Fed fighting inflation. Sound familiar? As a reminder (see above) stock valuations were at rock bottom before this rate hike cycle due to a brutal recession. In March 1983, when this rate hike cycle began, P/E was 12.23. A year earlier, it was 7.5. CAPE was at 9.23, a year earlier it was 6.95. This doesn't sound much like where we are today does it? +* The Fed raised rates into an economic expansion +* Remember, stocks were exiting a period where P/E had been driven down to single digits. By the end of 1984, S&P 500 P/E and CAPE had risen to 10. When valuations are low enough, stocks can rise even in the face of rising rates. But we don't have low valuations now do we? + +Jan 1987 - May 1989: 16% + +* This period included Black Monday +* The phrase Greenspan put is born (which would later become the Fed put) following Black Monday. In other words, calling this a rate hike cycle leaves out important context. There was an enormous market crash, and the Fed responded immediately by cutting rates. Only raising rates again once the market had stabilized. Without the Fed put when the market crashed, this period would likely not have been so great. +* CAPE low 20s. S&P 500 P/E had risen to low 20s before Black Monday, collapsing to low double digits. + +Feb 1994 - Feb 1995: 4% + +* The Fed raised rates from about 3% to about 6% +* Stocks went pretty much nowhere. Declining overall on an inflation adjusted basis. There were a couple of significant corrections in this period. At no point was there a rally above the 1994 highs until the fed stopped raising rates. +* CAPE low 20s, S&P 500 P/E declines from low 20s to mid teens + +Jun 1999 - May 2000: 10% + +* Fed raises rates from around 4.5% to around 6.5% +* It's hilarious to suggest stocks did fine here, as the Fed rate hikes, among other events, popped the dot com bubble. Which was one of the most brutal multi year periods in market history. Stocks would not recover to the 2000 highs for almost 15 years. + +Jun 2004 - Jun 2006: 8% + +* Another bubble is forming, this time in housing and synthetic mortgage securities. These Fed rate hikes are one reason for that bubble popping, which caused a 60% draw down in the S&P 500. + +Dec 2015 - Dec 2018: 8% + +* We are now in a QE world +* As a result of slow rate hikes and modest QT beginning in late 2017, a bear market forms in the fall of 2018. +* The bear market stops only when the Fed reverses course. Cuts rates and resumes QE. +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. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. 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 **/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! + +Good morning my fellow Ether-hodlers. + +I was wondering if anyone had any favorite tokens they would like to share information about. + +I'll get the ball rolling with my favorite, DICE. They're an ICO from the Etheroll team, which is a free, no sign-up, (easy to throw your money away), 100-sided dice rolling site. I've played the game plenty, won and lost, but finally loved it so much I had to invest in it myself. Here's some info if you're curious, first dividends are out in ~2 weeks! + +https://medium.com/@toulon79/the-investment-case-for-etheroll-a48d2be8a614 + +What about you guys? +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! + +Hello everyone. A lot of my friends keep telling me that there might be a correction on BTC soon. Maybe even dropping BTC below $3000. So my question is, if this happens, would ETH be a good savehaven? If not, what would you recommend. I mean, yes I can just stick with BTC or ETH, either way it will go back, but why not take the dip and buy in back on low? + +Thanks for your thoughts on this in advance. +Considering ETH has decreased by 10% I think it's time to buy more now. + +Or what will you do? +I would like to learn more from the true hodlers and investors. +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! + +So my fiancee and I are moving at the end of the month. I spent the majority of my day off today getting utilities set up and our gas/electric company (we only have 1 option out here) said we would need a $250 deposit to set up service at the new address. This seemed..like a lot to me, as current customers with no history of missed or late payments, I had no idea why this was. The lady on the phone said it was because of my credit score which seemed...odd. I was angry, but I didn't yell, I took a deep breath and said thank you and hung up. + +I called back after lunch and spoke to a manager, I was calm and collected and explained everything, she looked up my account and confirmed I had over 2 years of solid, on time payments and there should be no issue, except we were moving from an apartment to a house so the first person I spoke to was setting it up as a new account, this requiring a credit check, thus the deposit required. The manager waived the fee, and made sure our account was transferred over so our good payment history would also carry. She thanked me for my time and asked me to have a good day. + +I know from my time in customer service I'm always willing to help out when someone is calm and friendly as opposed to yelling and screaming at me, so I took my own advice here. $250 was an obscene amount of money for us, but because I took the time to call back, be friendly, and speak to a manager, we got it cleared up. + +Never be afraid to ask, the worst they can say is no. +Good morning Superstonk. I've been wanting to write this post for some time now but held back because I'm mostly a lurker and a X ape. But this morning I woke up and said fuck it. Gonna be a long one so TL;DR been poor my whole life, you guys have given me hope + +The Beginning, The Sneeze + + +So I'll start off by saying I'm sure I'm like a lot of you. Im a 80's baby that grew up on video games. In the 90's my family didn't have much but they did get me and my two siblings a Nintendo. We fucking loved it. We had Mario and Paperboy and some wrestling game where you could be a green guy and munch on your opponents head. Wish I could remember that one. Anyways, we were a southern family in Texas but my mom decided she wanted to leave the city for a more rural lifestyle. We move to Arkansas in bum fuck nowhere. Huge change. Shortly after moving my parents split. Dad moved back to Texas, we all stayed with mom. This is where the broke kicked in. Single mom, three kids, she worked at a bar and was basically a drunk. Ramen noodles for dinner every night. Her bringing drunk men home nightly while we were sleeping. On her days off leaving us home while she'd go out on the boat with some new nobody she met at the bar. I was 7, sister 10 and my older brother 13. My brother had to raise us. Don't get me wrong I I love my mother and she did what she could but life sucked. You know what I had though? My Nintendo, and a Sega. Mario and fucking Sonic. That was my escape. At school I got made fun of. I was a "poor" in a hick small town. That's next level poor. Hand me downs from my brother. Shitty shoes. Food stamps. You name it. So as time moved on this was my life. Pretty much my life until I was 17. I adapted to my poor lifestyle, and accepted it. Made friends, started skateboarding, played football, dated popular girls, got good grades. I became a pretty alright kid. Still poor but popular in a small school. With all of that though, I was still poor as fuck and still playing video games. There's a list, it goes a little like this: Nintendo, Sega, Gameboy, Sega Saturn, PlayStation, Nintendo 64, Dreamcast, PC(Tom Clancy's Rogue Spear), Xbox, PlayStation 2, Xbox 360, Xbox One, and I'm to poor still to get series X lol. I played games to take me out of my shitty life. Oh by the way, the ramen situation didn't change much. Brother went to the Marine corps and my sister ran away and got knocked up. I was 16, it was 2006 and I didnt know what the fuck I was gonna do. I did know I wanted out. So at 17 I left home, graduating a year early with a 4.0 GPA. Adapt and overcome. I moved back to Texas and immediately fell in love. Few months later she gets pregnant. I was working for my uncle but knew I had to step up. So I followed in my brother's footsteps. Joined the Marines. I swore in and had three weeks until boot camp. Girlfriend calls me one night crying, she had miscarried. I fucking lost it. But I had made a oath already and swore to it. It fucked me up mentally but I wanted purpose at this point and the military seemed logical. I needed guidance. So I went. This is all about how my life got flipped upside down.... + +The Run Up + + +So one thing I left off in all of that was that at the age of 11 I got diagnosed with depression and insomnia. Never liked medication so I just learned to deal with it. I was a bit goofy and a wild child so even being in the shitty poor lifestyle I made the best of it. But all roads have bumps and at the age of 12, I started drinking and smoking weed. You see, as I was adapting to my mental health with video games, my brother and sister went a different route and I ended up following. So by the age of 17, yeah I graduated early, but I was already a alcoholic who smoked a pack a day and had done a fuck ton of different drugs. Like I said...needed direction. Joined the military. Now I won't get into that but I'll make some key notes. Got married at 18 to the girl I was talking about earlier. Became more of a alcoholic cause, well, it's the fucking Marines. Oorah. Left to go overseas. She cheats. Get back. Try to make it work. It doesn't. So depression steps in more, thought about killing myself, went to therapy, couldn't take medication cause it mentally fucks me up more, drank more, and fucking played video games. Seriously. That is partially what saved me next to music. Therapy in the military is trash. Thennn I accidentally eat a weed brownie at a pool party (California so weed was already pretty common, and yes this did happen) and I hadn't got stoned in years, so I freaked out and told the Marine Corps about it trying to be truthful, get kicked out of the Marines in the same month I was about to get discharged Honorably for my 4 years. Yay. 22 yrs old, going thru a divorce, no money cause I partied to fucking much, what the fuck do I do now? Head back to Texas and work for my uncle again... + +Robinhood + + +So I move back to Texas, and I get back with the ex's. Fucking stupid but it's love ya know. I wanna skip the sappy shit about what happens in these years, but here's the small rundown. I basically ended up on and off with her for years. Finally get divorced, I have nowhere to live, couch hopping and hotel homelessness, still maintaining a job, still fucking drinking. In most of these years, I was in a bad state of mind. Mad at myself for the marriage and the military shit. Tried dating but I was to fucking damaged for that. Ruined every opportunity I had by drinking. In all these years you know what I didn't have? My video games. I had stopped playing. Life was to busy for that. I was to busy being sad and depressed for that. Welp. No time to be sad cause I fall asleep in a jack n the box drive thru and wake up in jail. Wrench in the ole engine. So now I'm out on bond with no court date for like a year. Link up with a girl from bum fuck nowhere Arkansas I grew up with, and I fall in love. Move back to Arkansas and try to start a new life with her and her son. Everything was going great, then the car wreck. Almost fucking died. Life changing shit. In a good way? Nope. Cause I'm a fucking idiot. So me and the girlfriend at the time, are both damaged. My shoulder is so fucked and her ankle was smashed and needed surgery. So did I but she had insurance...who the fuck can afford insurance? We were both on pain meds heavily and stuck at home and it made us hate each other. She kicks me out. Homeless again. Now I know if your still here reading this you're probably like this dude's a fucking idiot. And you would be right. But I'm telling a story and I wanna talk about my bad decisions that led me to here. Anyways. I jump couches again, can't work cause of my shoulder. Court comes up, get a breathalyzer that I have to blow in three times a day. Life is fucked. So I go sit in county for 17 days. Fun. I get out and stay with my sister. Get back with the first ex, on and off for like a year and finally leave Texas for Oklahoma with friends. + +Turn Off The Buy Button + + +So I'm gonna start skipping a lot shit cause I know y'all want a ending. But throughout this ordeal I stay in Oklahoma for a two years. Had a great relationship and a good job. Got a 4 bedroom house and shit was Gucci. Shit is gonna get a little dark here but it's all part of the story. So growing up I had a lot of close ass friends. At 26, most had overdosed or killed themselves. As a person who wanted to take that same route, I felt for them. Once my best friend died and then my second best friend accidentally killed himself (freak accident) I knew it was time to move home back to bum fuck nowhere. Once again moved here again with no plan. Broke up with good girlfriend and did a ole redo. Started working at fucking Chili's. Chili's bro. As a cook none the less. No money. Job hopped and couch hopped. Again again. Here's where my life changes. Covid hit. Already in a bad place and fucking Covid. + +MOASS + + +So if you made it this far thank you for even giving a fuck about a nobody from nowhere. Let's move forward. So throughout Covid i worked. My little town is conservative so we started opening up before everyone else. There was a wine bar on the square that opened up. Thursday was wine walk. I'm sitting outside the bar and a girl from high school approaches me. Now remember I've been married once, loved two girls, and this fucking magnificent woman who I've known since 7th grade walks up. Boom. Love at first sight. I wanted to marry that shit so hard. We get together and she tells me she hates social media. I delete it all. But I needed something. So I redownload Reddit. I like conspiracy's so I joined that sub Reddit. One day I see talks of a short squeeze of GameStop. I wanna take a step back and say, once I moved back to Arkansas in 2018, I gamed again. Brought me self care. You see my brother worked at FunCoLand when I was in 5th grade. I watched that store get bought out and turned into a GameStop right before my eyes. It was a deep engrained part of my childhood. Since then I went to GameStop for fucking everything. Games, Pokemon cards, extension packs for the N64, all of that shit. So when I see a short squeeze of GameStop going broke. I looked. Boy I'm glad I did. On January 29th, 2021, I bought my first share of GME at 383 bucks. Buy high sell low am I right 👍? Joined VV s B and went thru all the fucking migrations. Runic glory. Now I'm here. You guys are my only social media and by God I wouldn't have it any other way. You fuckers are hilarious. I might be on my smoke break at work, I start reading and fucking tear up at some of the shit you do for the world. I bought pizza two weeks ago for my bum fuck nowhere GameStop in Arkansas and the next day I saw we raised over 100k for u/BluPrince. I fucking broke down in tears. As someone who turned to video games when I needed a escape to seeing a bunch of fucking nerds take down wall Street...my bad...liquidate Wall St. You motherfuckers have my axe. I've been in the fucking Marines and I feel closer to all you losers. Get in. We're going to change the system. Burn it to the fucking ground. +No Cell? No sell. DRS. + + +Love you fucks. Thanks for changing my life. I've been living paycheck to paycheck still and I still drink a little. Ok a lot. But my life is good and Superstonk gave me hope. Let's fucking gooooo. Mr ER out. +As post states, I got sick on my two week notice and couldn't come in to the office. I was asked by my boss to stay an extra day because I "was in violation of my two week notice." Is this standard procedure for businesses to do this? This was my first office-setting job so I am unfamiliar as to how this works. +Hi there! I’m starting to take more of an interest in pensions, and as I understand it, a pension is not going to pay out tons of money each month compared to the salary you received when working. I expect that this isn’t so much of a problem if own a house and have paid off your mortgage - your outgoings will be far less without mortgage repayments to worry about, and you can always sell your house, downsize to somewhere cheaper and live off some of the equity. + +My question is, what do you do if you don’t own your own house? I’m concerned because my ageing mum doesn’t own her own house, and I’m wondering how she will manage if she’s still paying extortionate rent on a reduced income. I’m also part of ‘generation rent’ so it’s possible I won’t ever own my own house, either. + +I know that if you don’t own your own house or have much money the government will subsidise your care for you, but I don’t know if there’s any similar help for elderly people when it comes to housing and living costs generally. Thanks! + +Edit: Wow, I didn't expect to get so many responses! I think the next step will be to investigate my mother's existing pension as it sounds like public sector pensions are fairly generous. Thanks so much for your help, everyone. +I've built up a large nest egg over the years and as I move closer to retirement age, I'm looking to invest in individuals to build or advance their businesses in partnership with me (i.e. angel/venture funding). I'm primarily looking for people who are simply just missing the capital required to take their business to the next level. The problem is finding those people as I don't have a large network built out. + +To be clear, this will be a passive investment for me and I will have no part in the operations outside of audits/oversight of the books. + +Has anyone done this successfully and would be willing to share their stories/advice? +Source: https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20201259.pdf + +Initial Jobless Claims: + +Survey: 1,290,000 + +Actual: 1,508,000 + +Prior Week: 1,542,000 + +Prior Week Revised: 1,566,000 + +Continuing Jobless Claims: + +Survey: 19,850,000 + +Actual: 20,544,000 + +Prior Week: 20,929,000 + +Prior Week Revised: 20,606,000 + +Total Jobless claims in the last 13 weeks: 43,574,000 + +EDIT: For comparison sake, the worst weekly jobless claims during the Global Financial Crisis was 665,000, for the week ending on March 27, 2009. This is the 13th consecutive week of new weekly jobless claims being over 1 million. +**UPDATE here**: [https://www.reddit.com/r/AusFinance/comments/dgpww7/update\_sister\_bought\_car\_she\_cant\_afford\_not\_even/](https://www.reddit.com/r/AusFinance/comments/dgpww7/update_sister_bought_car_she_cant_afford_not_even/) + +&#x200B; + +My sister (19) made a mistake because she was pressured and didn't understand how loans work (not financially savvy). + +She needed a new car to get to work as her old car got totalled (accident was not her fault). She asked the dealer for cheaper cars around 5k or so. But apparently he just kept showing her expensive cars. And he's got into her ear saying she can just get a loan, she can pay $50 a week, it's better in the long run, blah blah blah. + +She has a casual job, and hardly has 2 shifts a week. Over half of her weekly pay goes to paying rent (she lives with mum and bro). She doesn't make enough to even get taxed. She already has some smaller debts to pay (loans from other people). She is trying to save up to continue going to TAFE. She has so many other important things to pay for... + +So in the end, she's given in her totalled car plus a deposit of around 2.5k to the dealer, for a car that they sold to her for around $20,000. + +They say now she legally "owns" the car and it's in her name. But somehow they sold her the car despite her NOT having approval for a loan. She hasn't applied for any loans, and I highly doubt she would be approved for any loan from a bank. They told her to go to her bank, because they're "more lenient" than them (the dealership). But she's come back and said she's not eligible for a loan, and now they're saying she can easily get a loan with them... + +But that doesn't even matter - it's not about whether she can get a loan or not. She can't afford a loan to begin with! It's the worst decision for her right now! + +The dealer said she can trade down to a cheaper car, but she would still have to get a loan, because the cheapest cars they have are around 10k. She has no savings, only the deposit they have. + +I'm trying to think about what the best course of action is for her. + +She *might* be getting a payout (another story, domestic violence payout), which would be enough to pay off a car for around 10k without a loan. However, given her current circumstances and debts, it's still not a good idea for her to spend a large portion of the payout on a car (plus, at this point it is not guaranteed she will get it, it is still in process). + +My thoughts on what she could do: + +* Call ACCC and see if there's any options there (recommended by dad) +* Try and see if she can sell the car somewhere else and pay the dealership outright without a loan. Start back from square 1 of buying a car (but it's very possible this would be at a loss, so not preferable). +* Trade down to a cheaper car, but then she still has to take around 10k loan.. use her payout money (which is not guaranteed.. so could be stuck in a high interest loan from the dealership). +* Of course, she can try to improve her financial situation (get another job etc.) but I don't really see this happening; she hardly got the job she has now, and her life in general is rather unstable, she has a lot going on. And even so, just having the loan really isn't ideal... + +I don't know what else she can do... I just don't understand why they let her put down a deposit and, from what they've said, apparently she legally owns the car now, when she wasn't even approved for any loan yet. Plus they knew her financial situation (she gave them her employment info and so on), it's clear she would struggle to pay a loan. I mean I know they don't really care about that as long as they make money but it's just so unethical. + +Does anyone know what she could do? Is she just gonna have to trade down, get a smaller loan, hope for the payout and if not, just pay it off? Is there no better option? + +edit - I replied to some comments here from my other account by accident. "throwawaycosimdumb" is me ;P (name speaks for itself) +Say the boomer generation which majority probably have 300-600kish locked up in super all decided to retire this year preferably around the same time could they effect the markets in any major way? +This really only applies to those who will make over $120k single or $189k joint and intend on making Roth IRA contributions via a [backdoor contribution](https://www.investopedia.com/terms/b/backdoor-roth-ira.asp) or a [mega-backdoor contribution.](https://www.madfientist.com/after-tax-contributions/) + +Traditional IRA to Roth IRA rollovers are subject to something called the [Pro-rata rule.](https://www.irs.gov/retirement-plans/rollovers-of-after-tax-contributions-in-retirement-plans) This comes into play when you're intending on making Roth IRA contributions with same year contributions. Because of the pro-rata rule, you can be stuck with a tax bill if you have Traditional IRA holdings. + +This leaves you with three options if you want to do a backdoor Roth contribution: + +* Pay the tax bill (don't do this) +* Convert your Traditional IRA into a Roth IRA before making this contribution + * This can result in a significant tax bill, and might not actually be the best tax strategy depending on your entire retirement picture +* Do a reverse rollover into your 401k (pain in the ass) + +Because 401(k) holdings are not subject to the pro-rata rule, it often times means that it is easier to leave your 401(k) alone as long as fund availability is decent and fees are not too high. If they are high, consider rolling over into a new employer's plan if the fund options/fees are better. +Hello everyone, I had a feeling that I need to talk someone. I felt this group is the most closest to me, so I decided to write here. Overall I love you guys so much, I know we have not meet each other yet, but still love you guys and wish the best.. +Hi Everyone, + +A little background for you. My parents are both in their mid to late 60's and do not have alot of money saved. They both still work. Other than having very little retirement savings they have been generally responsible with their money in that they don't have any debt and their house is 90% paid off. + +So here is the issue. My parents recently gifted me and my wife $4000.00 as a wedding gift. I expressed to them that that was too much money for them to give and that I was not comfortable taking that much money from them. They were a little offended and I understand where they are coming from. They want to do something nice for us. I have yet to cash the check. + +My thought is to take the money and invest it in something that I can re-gift to them in a few years that will help them with retirement + +My question is what would be the best way to invest the money given it will realistically only be about 5 years until they both retire and I re-gift it to them? +Binance is earning huge money off our withdrawals, currently ETH withdrawals stand at 0.01 ETH, i.e. 12$ ! Wtf. +Many users posted this on their sub, and they immediately deleted all posts relating to high withdrawals. Poor! + +Edit: The current Network Transaction fee is 0.00006 ( [https://ethgasstation.info/](https://ethgasstation.info/) ) +Binance's markup is 166x of what the actual cost is. +In the last two years I started looking at buying a home, but it has been very hard and prices only keep going up. I can barely afford anything in my area, and I make almost $200k / year. Houses listed get multiple offers within 24 hours of posting in the MLS and buyers are signing away inspections and appraisals with wild abandon. This has been going on for two years. So not only are prices higher, but the buying process is more expensive and entails high risks, e.g. a low appraisal could mean you own $100k on top of the sale price. Rising interest rates don't seem to be calming the market at all, but are increasing borrowing costs. + +Is there anything wrong with just saying... screw it? My rent will keep going up, perhaps $200-300 a month per year. My income has increased but it doesn't seem to matter in the housing market when there is so much demand and so little supply. I feel like a fool even trying to buy something in this market. Could I just decide not to buy anything and instead take it easy for a few years before relocating somewhere that I might be better able to afford? What are the pros and cons from a financial standpoint? +&#x200B; + +[a text message regarding vote from Kiwoom, the biggest broker in the country.](https://preview.redd.it/lpefchdn1sx61.jpg?width=1284&format=pjpg&auto=webp&s=de580cc73baeac3779cfe4b5b3c0f782cd6cf44e) + +I, as an ant in South Korea, have just received the official notification about proxy voting from Kiwoom, the biggest broker in the country. + +It turns out that we ANTS in South Korea DO NOT EVEN NEED TO VOTE on our own since every single GME hodler using the broker is automatically counted as saying 'aye' to all the vote questionnaires. Only those with 'nay' would have to call the broker to vote against the direction the company's going for but wait noone in their sanity would go out of their way to do so, we believe. + +And this is being done with the biggest broker in South Korea. So it seems likely that about 80% of the ants in the country have already done their duties and are making sure the rest using other brokers follow in our footsteps. All we ever do other than buyin and hodling is read your god tier DDs and make sure every single ant here vote. 🚀 🚀 🚀 🚀 + +**Edit : I've double checked this to be true as someone in the comments pointed out that its almost too good to be legit. Note that the broker in question has the history of having done the same with AMC's vote, which leads me to believe there's almost zero chance of them being shills.** +**TL;DR -- Retail investors own a shit ton of GameStop shares. In fact, it looks like they own WAY more than the total number of Outstanding Shares.** + +Hey All, + +So I have some interesting results from another set of Google Consumer Survey (GCS) which I've been running over the past week or so. + +Anyone not familiar with my GCS efforts can learn all about it in my previous posts, complete with results and a detailed breakdown of the methodology, surveying platform, etc. + +**The most recent result with AAPL control data:** +[https://www.reddit.com/r/Superstonk/comments/oxjv1n/google\_survey\_update\_gme\_ownership\_w\_aapl\_control/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oxjv1n/google_survey_update_gme_ownership_w_aapl_control/?utm_source=share&utm_medium=web2x&context=3) + +**Post w/ the complete dataset of the first round of surveying (include N=2,200 results):** +[https://www.reddit.com/r/Superstonk/comments/omdafo/final\_update\_of\_google\_consumer\_survey\_n2200\_at/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/omdafo/final_update_of_google_consumer_survey_n2200_at/?utm_source=share&utm_medium=web2x&context=3) + +**First GCS post with tons of info on methodology, survey design, GCS platform, etc.** +[https://www.reddit.com/r/Superstonk/comments/o2cnd4/using\_randomized\_representative\_surveying\_data\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o2cnd4/using_randomized_representative_surveying_data_to/?utm_source=share&utm_medium=web2x&context=3) + +........................................................................... + +So this time around, I took a different approach from past efforts. The previous survey design took a highly conservative "tip of the iceberg" approach. I deliberately maximized every conservative aspect of the survey's design and approach to results analysis. I took a draconian approach to penalizing coupled households, and I capped ownership at 101 shares, which obviously had a massive impact on average shares held. Sure, there are plenty of retail investors with XX, but there is also a massive amount with XXX+. So this time around I restructured the response buckets as follows: + +https://preview.redd.it/kc65qnuincp71.png?width=838&format=png&auto=webp&s=847d05530aa887490b0aaf7d3cad4f445395f527 + +Not only did I restructure the response options, I also took an entirely different approach to the question, revising from an individual question to a household question. Here is the difference between how the question was posed: + +# Original Survey Question:"Do you own shares in the company GameStop ($GME)?" + +# New HH Survey Question:"Approximately how many shares of the company GameStop ($GME) are owned by your household (including you, spouse, roommates, dependents, etc.)?" + +So obviously, this should spark much larger results, especially considering the availability of larger buckets. + +I should also mention this latest round of surveying was conducted over three different surveys... we'll call them Survey 1, Survey 1.5, and Survey 2. + +So I initially launched Survey 1 as a multiple choice because I wanted to get the extra bucket that could be had with the inclusion of "None of the above," but after I had got deep into the survey (243/300), Google caught on and paused the survey. You can find that survey here: +[https://surveys.google.com/reporting/survey?survey=t34lwqwcrhhf7g2b2wopmgykdi](https://surveys.google.com/reporting/survey?survey=t34lwqwcrhhf7g2b2wopmgykdi) + +Note that this was a multichoice, and two respondents provided two answers in a single survey ... those results have been struck from the analysis. + +So that led me to launching Survey 1.5 as a single response survey. You can find that survey here: +[https://surveys.google.com/reporting/survey?survey=khowqghah6vyvrhmaj2gi5gq6y](https://surveys.google.com/reporting/survey?survey=khowqghah6vyvrhmaj2gi5gq6y) + +Finally, there is Survey 2. So I had shared the link to the first survey while it was in process, and someone pointed out that results would be better served with a randomized answer order. I originally locked the response order to ascending to improve the experience, but what this person was pointing out was totally true in terms of surveying best practices. I didn't think it would make much of a difference, but it kept bugging me, so I relaunched the survey with randomized answer order. It turns out it didn't make much of a difference, which acted as a proof point for the accuracy of the results, and it also added another N=300 to the sample size. So it's all good. This survey can be found here: +[https://surveys.google.com/reporting/survey?survey=i7msp7adtnetykt3pybb6qrbju](https://surveys.google.com/reporting/survey?survey=i7msp7adtnetykt3pybb6qrbju) + +# So the results ... + +Before I go there, I must say I was quite shocked but what the results showed. Of course, given the massively conservative approach I've taken in the past, I expected a bump. But these household results are showing WAY more than a bump. In fact, I'm left thinking one of three things: + +**1) I somehow fucked up** ... either in my analysis and/or design approach ... please, any wrinkly, mathematician, statistician apes ... PLEASE CHECK MY WORK ... maybe the HH approach does work, maybe I should be dividing the result + +**2) My previous approach was way more conservative than I thought** and there are way more XXXX+ holders than I ever could have imagined + +**3) Hedgies knew we'd be doing more surveying** on GCS platform, so they hired a bunch of clowns to troll the platform for $GME related survey and inflate the results + +I should say I almost didn't post these results because they were so out of whack with previous results that I didn't want this post to be perceived as FUD. But in the end, I decided censorship wasn't the way ... the data is what the data is ... so here we go ... + +https://preview.redd.it/qdnuyjuvscp71.jpg?width=780&format=pjpg&auto=webp&s=f5cd4c5c4a0212f095f4f8d152f9c7e34a3c9917 + +https://preview.redd.it/kpepwne8tcp71.png?width=1404&format=png&auto=webp&s=aa1e5ddb04f2f0346c5dd1abb953a736282edebd + +Yeah, 7.1B shares. Honestly, I don't see how it's even possible. Even in January during the sneeze, daily volume was only in the low XXXMM range. If this number is anywhere near reality, it would mean U.S. came into the January sneeze already hold billions of shares, and almost all volume since January (maybe 20MM-25MM/week) has been strictly buy and hold. Even that doesn't come anywhere near 7.1B shares ... or, it would imply that the volumes we see on the lit exchanges are total bullocks, and apes are buying hundreds of millions of shares every week. With all the DRSing going on, I suppose we'll find out at some point. + +I also took another approach, assuming #3 above was the case ... that is, since GCS results have come out, SHF fucks have hired a bunch of clowns to join the GCS platform to look for and fuck with these surveys. If that's the case, let's throw out all the 2001 Shares or More results. Here's what that looks like: + +https://preview.redd.it/y2wktl7bucp71.png?width=1404&format=png&auto=webp&s=14ffe08a9451b1869890125a156e29fa4b933a51 + +So this is a lot more reasonable, and actually in-line with what I've seen pitched by others. It is still way about previous GCS results, but that is expected. In fact, the AAPL control results should that the previous survey design was probably only revealing a fraction of actual ownership ... perhaps as little as 20% of the actual. So multiply the previous GCS result (163MM) by 5X and it looks like 815MM shares. + +Anyway, the data is what the data is, but I'm really hoping someones reaches out to me and says, "Hey you big dummy! ... you really needed to divide the result by 3 because of XYZ." And I suppose there will be some who will say, "Yep, those results look about right." As for me, I've got to take these results with a massive grain of salt. Previous results looked right and made sense ... but this ... this leaves me scratching my head. + +Of course, none of this information constitutes financial advice, and I'm not a financial advisor. Regardless of these GCS results, I remain convinced that retail owns WAY more share than Outstanding, and my personal approach remains the same: + +https://preview.redd.it/kmn12f2txcp71.jpg?width=586&format=pjpg&auto=webp&s=89129d29c467f44e555b97743fb1dba06e149c14 +I've been this way my entire adult life (32F), I've always struggled to hold down a job for more than 6 months or year. I struggle to pay the basic bills like power (went to collections twice), numerous cell phone bills going to collections.. I've literally been with every big cell phone company and every one went to collections eventually. I mooched off my grandma for the longest which the most embarrassing thing about my life. I finally cut the cord 2 years ago this month and haven't borrowed or mooched a penny since then. It has really forced me to grow up thankfully. + +Not to blame it but for context, I had a turbulent-abusive-unstable childhood. I feel like my relationship with money is a mirrored reflection of my parents; they would spend as soon as they received a cent -heck they would spend it before they received it. Anticipated spending I call it. They divorced \[thank god\] when I was 14 when I went to live with my grandma, I had a lot of independence from 14-18 and abused it. I slipped into adulthood with zero guidance, no parental advice. I partied too much in high school and was denied admission to the local university. Going to the college is what they told you to do in 2007 - that didn't pan out and I had no plan b so I started making bad decisions. + +I've been fumbling around ever since. Financially.. ethically (got into a ton of legal trouble over the years but have finally got things straightened out)... I have nothing to show for the 14 years of being adult. No savings, no retirement, no home, $20k in student loans but no degree, a dead end job, a mediocre credit score, no assets.. I'm 1 paycheck away from homelessness. + +**I wish there was some kind of guide to tell me what to do in life.** The only time life has made sense was in high school when life was so structured. I don't want to marry or have kids, I just want to own a small bit of land with a cottage, garden and greenhouse on it. And to be financially independent. + +Please tell me there's some solution out there. I need someone or something to tell me what to do in life. + +&#x200B; + +**Short Story**: 32 year old loser with negative net worth is seeking guidance in life. + +\[Context: No contact with abusive parents or family. Atheist.\] +I'm primarily a bitcoin users and reading your thread you guys seem happy that this scaling debate is/is going to kill bitcoin. I can understand you want ETH to dominate the market but there feels like there is serious hate for Bitcoin. So what's your stance on Bitcoin? +As we continue to see this slow painful unwinding of the Cardano cult, I want to stand up and welcome you retards back to reality. + +No more do you have to trade on Sundae Swap. +No more do you have to be embarrassed by that falcon training faux PhD candidate. +No more do you have to tell your crypto peers to "stake and forget" whilst forgetting what it means to have a green portfolio. +No. More. Vaporware. + +Leave the pyramid and come home 🏡 ❤️ +Well everyone, We’ve held this long. We have all made it this far. + +Not one single person I know has listened to me. No one I know has taken what I’ve told them about GME seriously. All of these events that have taken place ,especially in the last 6 months, of this journey are indications that were on the right path. + +I remember when I jumped on board in Jan 2021 at $40. The electricity of our combined and focused attention really produced some of the most interesting and unbelievable discoveries about the entities we are dealing with. The further we continue down this road, the more I realize just what a fucking giant behemoth we are actually going up against. This monster we are trying to subdue has claimed the lives of so many of our brothers and sisters. So many of our loved ones. We wake up and slave our entire life , just for the rug to be pulled over and over again. Every angle of our life is met with the creations of these parasitic scumbags. No matter where you turn, the effects of their greed and the depth of their depravity can be felt and recognized by all who inhabit this reality. + +They have said in the past that they plan to “crush” us. This , coming from the people who would literally trade a human life for money, should show us that the level of infiltration of our governing and regulatory bodies is now beyond the limits of our imagination. + +I’m a father of three about to move to a new state. I work my ass off everyday to possibly one day have my children make it out of this machine . + +My truck broke down yesterday in the middle of nowhere and I didn’t get home until 1 am. At this point in time I have devoted every last penny I have to the cause and drs all but one share. + +But now the matrix of control and every avenue of their corruption has reached down right into my little life and is in the process of crushing me as we speak. + +Love all you guys. Except the ones that are just riding the coat tails of this enormous undertaking . I wish everyone the best. No matter how hard you have held, they literally have the playbook of every single dirty trick and scheme that peels us away from our money. And they are tightening the straps as we speak. + + +Edit: glad this hit home where I hoped it would. Thanks for sharing advice and general kindness . +This is the official AMA (Ask Me Anything) post for **Lucy Komisar (Pt. 2)**, who will be joining u/pinkcatsonacid on [Superstonk Live](https://www.youtube.com/watch?v=wuPizlDY0Ys) for a one-on-one discussion, with questions influenced by and taken directly from this post. + +We had a fantastic time hearing what Lucy had to say about us and about the issue of naked short selling, offshoring, and Gamestop. She had this to say and I think it cannot be understated how BIG OF A DEAL it is that someone of Lucy's caliber, who has been watching this unfold for longer than a lot of us have been alive, has this to say about naked short selling and the GME saga; + +"In the end, as we go down through the years, the decades, it ends with Gamestop." + +[**She also just wrote an article on the topics discussed in her previous AMA!**](https://www.thekomisarscoop.com/2021/05/how-corrupt-brokers-hedge-funds-with-govt-media-facilitators-steal-from-stock-market-investors/) + +&#x200B; + +# Part 2 Topic of Discussion: the Securities and Exchange Commission (SEC) + +&#x200B; + +Lucy will be sharing with us the history and the purpose of the formation of the SEC as well as details on their regulatory oversight. + +&#x200B; + +We will be choosing questions from this thread that have an SEC focus. Other topical questions are unlikely to be answered this time around! + +&#x200B; + +[Lucy Komisar](https://preview.redd.it/o3wkaenodv071.png?width=1542&format=png&auto=webp&s=136d86fbaeaad6ca1c7548d1d7c00ae86bdfa21d) + +# + +# [Part 2 with Lucy will be Monday, May 24, 2021 at 4:30 pm Eastern on Superstonk Live YouTube](https://www.youtube.com/watch?v=wuPizlDY0Ys)!! + +&#x200B; + +**This AMA Post will remain active until the live stream begins, at which point this post will be LOCKED.** Please note that our AMA guests have limited time, and cannot possibly answer all questions, so we encourage you to put some effort into your questions so that they can be upvoted by your fellow apes for visibility. + +\--- + +**YOUTUBE INFO** + +Please note... **This channel is not monetized, nor will it ever be** (screenshot this and hold us accountable), and is strictly for education and discussion as it relates to [r/Superstonk](https://www.reddit.com/r/Superstonk/) topics and the interests of the community. The idea was approved by the mod team, and the channel was created and is administered by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/). The stream itself will be handled through a third party service with many live-editing features (omitted for security's sake) that allows a stream through Youtube. + +Finally, we made the choice to create this platform because AMA guests seem to prefer the live stream method, since they don't always have a reliable platform to stream from. This allows us to offer them a choice of platform, and also a means of discussion with our members LIVE, that ultimately will cater to the interests of [r/Superstonk](https://www.reddit.com/r/Superstonk/) and this community of diamond handed apes. +Otherwise, what is the point of gaining anything? If I lead a purely self-interested life, nothing changes. + +\-Global Peace + +\-Environmental Sustainability + +\-Health Care for All + +\-Housing for All + +\-Helping those around us, which can often make a tangible, immediate, and direct impact on people's lives. + +&#x200B; + +We might be apes, but we're human apes. + +See you next week. + +&#x200B; + +Edit: I forgot to add to make the world a better place all the time, before and after. +Hi Reddit, I'm a long time lurker. I wanted to know of any resource used to acquire property with over 30 units. I am planning to have at least $120K saved up and plan to buy a multi-unit property for $1-3 million. + +1) What websites (other than loopnet) are used to identify 25-30 unit properties with gross incomes of $10-20K/month? + +2) Would I have enough for down payment? + +3) If I have a credit score of over 775, what else would banks look for? + +4) Would it be best to partner with others? + +5) What factors do people look for when purchasing a "portfolio of properties" other than gross income and area? + +Thank you for your time and attention. +Often they have one or two stores on the main floor and multiple apartment units. I imagine they're not the best of apartments, but how profitable do the buildings tend to be overall? +For full context, I am currently under contract and set to close mid-december on a 3-unit MFH in Chicago. Only one of the units had a dishwasher and new cabinets. Had the inspection done and came out generally clear, so we're moving right along. Day after the inspection we hear the seller wants to install new cabinets and dishwasher in the other 2 units prior to close. I find it odd that we're already under contract and he wants to put more money into the home. So I asked my agent to find out why, and he asked the sellside agent, who said "the seller is a man of his word and promised the current tenants these two upgrades." + +&#x200B; + +Call me a skeptic but I don't trust the altruistic motive here. Is there anything fishy that could be going on? +Maybe this is something I have such a closed-minded view on, because I work for a bank and many of our real estate investor clients have trouble qualifying for mortgages as they purchase new properties, so they end up paying cash. Our bank is conservative on counting rental income, so the individual would usually have to have a rather large liquid balance sheet to qualify. So my question is, how are successful investors getting financing? I imagine there's better options than hard money loans these days. I understand that after obtaining properties under your personal name, people tend to lean towards LLCs, but that's even harder to show income and verification of assets under an LLC versus a personal balance sheet. I'm sure I'm missing something. My fiance and I want to start picking up rental properties but the financing aspect is a little concerning. + +Thanks! +So basically, I have a pair of duplexes going up for sale for around $1M that is being sold as a rental business. It rents to college students and has nearly a 100% occupation rate, which is partly why I'd like to keep it as a package and not just sell the houses individually. + +My question is, while the houses are on the MLS and have a realtor working on them, how can I go about finding investors for this opportunity as opposed to just regular homebuyers. I assume real estate investors would go looking other places besides just the MLS to search for income/cash flow opportunities. + +Thanks in advance + I always use the example of a family of car Mechanics. If your Great Great Grandfather was a car mechanic, and then your Great Grandfather became a car mechanic, then your grandfather, then your father, and then you became a car mechanic. Imagine the level of mechanical skill in a room if it was just Grandpa, dad and you in said room. You would have learned things as a child that most adults wouldn't be exposed to until they went to a trade school, and then spent years working to maybe encounter that thing enough times to learn said skill, then master it. Things would have been passed to down to you so quickly and so often that the skills become ingrained as habits. You'd be able to recognize, diagnose, and fix things and it would be second nature to you. These fuckers are money Mechanics. They're people mechanics. They're will power and public opinion mechanics. They learn from childhood how to have, hold and wield power and influence. +With public education, we don't even learn there is a game being played until we're in our mid 20's if we're lucky. Power to the Players. Fuck you Kenny. All your money are belong to us. +So I’m mates with this guy on Facebook and all he does is talk about Bitcoin. He constantly links to articles, Bitcoin clothing and he’s changed his employment status to ‘self employed’ even though he very much works for the same organisation he did years ago. His statuses are constantly like: + +‘Another bitcoin payment! Beats working for a living!’ + +This kind of post is usually accompanied by some other middle aged person asking for more information and, always, he asks for a PM. + +Half his friends list is like this too. Just people all patting each other on the back about how much they’re earning in bitcoin. + +So it’s some shitty scam. Because if you wanted Bitcoin you’d just buy the fucking things. But I’m curious as to what and how it works. I’ve got no interest in engaging with him about it so I was hoping you smarter people could explain what’s going on. +I am going through a separation and have to reapply for a mortgage for my home (to remove ex as guarantor). Never missed a payment, but they are saying I can’t afford a mortgage because my business hardly turned over anything in 2020 or 2021 as they won’t include the Vic govt subsidies as revenue. + +Everything has come back to pre-lockdown levels now, but they will only use 2020/21 years and I am unable to hold off for the new financial year (it would include govt subsidies anyway). + +Would love to know if anyone else has experienced this and especially if you’ve been able to find a solution. + +It just doesn’t seem right that I could lose my home as a result of being made to close my business by the govt. +I recently deposited $10,000 of savings into my superannuation, who I then provided with a “Notice of intent to claim or vary a deduction”. The superfund have now deducted $1,500 in tax. + +I’m a little confused about this process - isn’t this money getting double taxed? Once from income tax and then again by the super fund? Any clarification would be most welcome - thank you. +Not going to name drop, for obvious reasons, but say I wanted to have a savings, checking, Roth IRA, Manual investment account and automated investment account - is it "smart" to have all of those in the same institution? + +I'm a huge fan of being able to see all the money in one place +I’ve been able to afford food for the most part but recently I had a lot of expenses that completely demolished me. Rent, bills, utilities. My job cut my pay. I’m struggling. There’s a pantry a half hour away but I can’t go until after the weekend because work overlaps with the hours they are open. I have food but it’s scarce and I have to spread it out for the next couple days. So right now I’m at work and starving. I know this is only temporary until I get more assistance with food and I find a better paying job, or at least until I go to the pantry, but does anyone have some quick fixes until then? Or any cheap meal ideas that’ll fill me up for a long time? + +TLDR: I’m short on food for the next couple of days and am looking for some tips on what to do + +EDIT: I’m trying hard to respond to all of you guys but I just wanted to say THANK YOU. These tips are lifesaving. I can’t express enough gratitude right now +Love this subreddit! + +It's time this country acknowledge that the path to financial stability when you are from the bottom is different from the path those in the middle take. When you are from the bottom you WILL make mistakes. So since this subreddit is about building and sharing let us play a game to hopefully help out others like us + + +Name: + +1) Name one financial mistake you made + +2) The way you overcame it + +3) And your recommend way of over coming the mistake (dont cop out by saying never getting in the situation in the first place or just saying "paid the bill".. this is about overcoming) + + + +For example mine; + +1) Bought a car that although I could afford months later I really wished I had not.. I wasnt happy with my purchase not the financing.. Also found out I paid too much.. This is after doing months of research. + +2) I made the payments by renting cheap and luckily had a girlfriend to split living expenses. + +3) varies depending on situation + +Young person starting out, only need acar for work and doesnt want to keep it- lease. + +Everybody else, a good used car 5-9k range. Use make model plan will vary but if you can get 5 reliable years out of it and pay it off in 3 then you win. + + +Edit: Why is this getting down voted... do people not want others to learn from their mistakes? + +Edit: typos +My new landlord wants only "direct deposit" and won't take checks, bill pay (which sends a physical check), Zelle, Venmo, etc. We both use PNC bank but they apparently no longer offer direct ACH, as they're adopting PopMoney / Zelle. I have my landlord's bank account number + routing number, so I just need a way to send it from my account to theirs, ideally automatically on the 1st of every month. + +I've also tried doing this from my Ally account to no avail. You can transfer money to an external account \*that you own\*, or use Zelle, which is a non-starter. + +I've seen some other online banks possibly offer this basic ACH service, but am looking for some reassurance before I go through the trouble of opening an account just to find that it's actually some form of Zelle. Marcus and Alliant are two that claim to offer it, but I'm open to suggestions if anyone has any. + +Also - I've been told by a PNC rep that I can just go to a physical branch and write a withdrawal + deposit slip and can do it manually every month, but even some guidance around this seems to be changing due to security reasons. Can I safely rely on this as a fallback? + +Thanks! +Jet, the Amazon-killer startup that is raising a new round of funding, is running out of cash. + +An earlier report from Fortune indicated that Jet was raising a $500 million round led by Fidelity. + +Jet hasn't closed the round of funding, which could be as much as $550 million when it's finally complete. Fidelity is in talks to contribute a $90 million investment, leading the round. + +I ordered two bicycling related products from Jet with free shipping, from what I could tell the transaction completed but I was never charged and never got the stuff. Now they send me spam on a regular basis. + +Do you even use it? +President Biden is set to announce his aim for 50% electric vehicles by 2030. Yahoo Finance’s Rick Newman shares the details. + +### Video Transcript + +AKIKO FUJITA: The Biden administration is setting ambitious targets to reduce the country's carbon footprint, calling for electric vehicles to make up half of all new US car sales by the end of this decade. Some climate activists, though, saying the goal doesn't address the urgency of the crisis. Let's bring in Yahoo Finance's Rick Newman, who is following this story for us. + +And Rick, you know, we're talking about 50% by the end of the decade. And yet, today, EVs only make up about 3% of new car sales. So how realistic is this? + +RICK NEWMAN: It depends on what the government does, honestly. If the industry were just left to itself, I don't think there's any way we would get to 50% of new vehicle market share by 2030. The cars are still more expensive than gas-powered cars. There's still range issues. But the Biden administration plans to do a lot to incentivize people to buy these vehicles. + +So there's going to be billions of dollars for new charging stations. So there will be charging stations, in theory, wherever you might need one. That's in the bipartisan infrastructure bill that's now in Congress. Biden wants about $170 billion in addition to that. He wants new subsidies for anybody buying an electric vehicle, electrify school buses. He wants subsidies for building battery plants in the United States and all this kind of stuff. + +So this-- these are the reasons that the auto industry really seems quite happy to go along with this. Because they're going to-- they think they're going to get so much funding from the federal government to help them reach this target. By the way, we should point out to everybody watching, this is a target not a requirement. There's no penalty for any automaker that does not get to 50% of all new vehicle sales being electric by 2030. That's just the goal. + +AKIKO FUJITA: And Rick, you've also got some additional measures here laid out in that plan, including limits on tailpipe emissions. I mean, walk me through how significant of a bump that is. Because we all - there were standards set under the Obama administration. The Trump administration rolled that back. Where do things stand now? + +RICK NEWMAN: We don't know exactly. Because Biden has not yet said what he plans to do on that. I mean, just the very briefest history here, Obama, in 2012, raised fuel efficiency standards really aggressively. That would have required about a 5% improvement in fuel economy every year. And then Trump came in, and he slashed that down to about a 1.5% improvement in fuel economy every year. + +Now the reporting is that Biden is going to split the difference basically. He's going to raise fuel economy standards above where Trump left them to what would amount to about 3.7% increase in fuel economy every year. But that- they have not announced that yet. And that takes a long time. That is the-- that's changing a federal regulation, which has to go through months and months of review and things like that. + +And I think one of the things we're probably going to hear the Biden administration say, well, yeah, his guideline for fuel economy is not as aggressive as Obama's was back in 2012. But if we have all these new electric vehicles on the road, that is something that we didn't have really back in 2012. So that should make it easier to reach the 3.7% annual increase, or whatever it turns out to be. But that is down the road still. + +AKIKO FUJITA: OK. Rick Newman, staying on top of the details. Of course, you can read his story on YahooFinance.com as well. Thanks so much for that, Rick. +Hi, + +Many FMCG companies don't even have a decent ROE/ROCE to justify their high PE ratios, for example: Dabur and HUL. + +Ones which do have a very high ROE/ROCE(Nestle, P&G and Marico), have a very high dividend pay out ratio(close to 100%), which means they are almost distributing their income as dividends and aren't reinvesting much of their income. In that scenario, is a high PE justified? + +Thanks +https://www.sebi.gov.in/filings/mutual-funds/jan-2021/kotak-global-innovation-fund-of-fund_48746.html + +Kotak filed for a global innovation based FoF. + +If you agree with [Cathie Wood's](https://youtu.be/JeB84wGeJiA) ideologies and beliefs, then the next global drive would be brought by innovation. + +Interesting launch. + +Thoughts? + + +Edit: Most comments are about the average investor but forget not that this is a thematic investment even though it is passively managed. I think this fund might protect the downside from a tech heavy fund since it has some diversification in real estate, energy and healthcare. +Of course NASDAQ has performed well in the past, but this might just protect the average Joe from the 2000 tech bust, should we come across one. +As Motilal Oswal stops Lumpsum investment in its International Funds due to reaching the SEBI mandated prescribed limit, throw some prakash on other alternatives to NASDAQ ETF or S&P 500 ? +My father passed away 2 months ago. He had 6 fd with Bank of Baroda all which were joint accounts with my mother. I am nominee of all those accounts. + +But in order to cancel those accounts and transfer funds to my saving account I still need succession certificate according to branch manager. I asked what is the point of being a nominee then. He says because the accounts are joint you can either withdraw the money on maturity or need to show succession certificate to cancel these accounts. He also said I can withdraw the money if both my parents are dead. + +We have similar accounts in SBI, BoI, Pnb. Haven't faced any issues with those ones. Anyone knows or faced similar issues? Also does anyone know the procedure to get succession certificate? +$39.68 (current price of GME) * 0.325 (current borrow rate) / 365 (borrow rate annualized) = $0.035 per share borrowed + + +$1,000,000,000 (average daily $ burn rate last quarter from 13F) / $0.035 = 28,382,581,648 shares + +Obviously, this is an over-simplified version of what is going on and may not take into account any naked shorted shares. However, despite that, it paints a clear picture that GME is still the correct play. + +I like the stock. DRS is the way. + +Edit: Yes, citadel has many bets on many different stocks. Their 13F loss of $94 billion last quarter is based around those bets being up or down, not necessarily on money they are spending to short GME. +On Mobile and Not sure if this is the right sub... + +TLDR: IRS took all my money from checking, joint, savings and money market. I have no liquid assets anymore. IRS says the owing party's SS# is the same as mine. + +Story: This all happened yesterday. It was pay day and I wanted to move money to our joint account and take cash out for gifts for my daughter for her birthday and Christmas. I noticed that my checking and joint were in the negative and my money market and savings were zero. I always leave at least $500 in my checking and $1000 in my joint in case I miss recording a purchase and any overdrafts would come out of my money market that had over $8,000, so I should never have a negative. + +I immediately called my bank and they told me it was an IRS withdrawal that is perfectly legal and I must owe back taxes. I always get money back at taxt time so I know that I don't owe any taxes. I then call the IRS. After what seems like holding for hours and then getting transferred around I speak with someone that can actually tell me something. They said there was nothing under my name but when they search my SS# a different name comes up, of which they wouldn't tell me, and that person has liens, the amount they also wouldn't tell me, and that the IRS used my, the same used by the tax ower, SS# to find associated bank accounts to levy and did so when they found mine. I explained the error and she said that under my name it did show that we owed nothing but since my SS# was used she couldn't do anything to reverse the levy. + +I'm going to speak with a tax attorney as soon as I can get with one on Monday but I have no clue what to do from here. I have no money for anything. My mortgage is due one the 15th, my daughter's preschool tuition is due 10th and of course her birthday and Christmas. I do have some gifts for her so thats fine. But I have no clue how long this will take. I am going to call HR and have them stop direct depositing my check for next pay period but I get paid once a month so thats not until January. + +I just wanted some advice on anything else I can do on my end. And I'm wondering how they got my number and what else it could be used for. I check my credit on credit Karma and haven't seen anything new or suspicious. So maybe it was just a transposition of numbers that just happened to be mine. If you made it this far thanks in advance. + +Edited to add paragraphs and make reading easier. +I get why the government would want to increase the age at which you get your state pension. + +But what advantage is there for the government in forcing people to wait longer to access their privately accumulated pension? + +Is it purely to force more people to stay in the workforce for longer and thus generate more income tax revenue? +Good evening to literally everyone on planet Earth except the new logo, + +&#x200B; + +I have been seeing an influx of *autists* on here saying crazy things like "options is gambling!" & "we're all gamblers here"... No... NO. Let me fucking tell you something... You're WRONG. + +Options is NOT gambling. It is AGGRESSIVE INVESTING. + +I have gambled at the casino, I have gambled on scratch off tickets, I have gambled on my guy Tom Brady to whoop the rest of the NFL's ass, and I have also gambled on my Sacramento Kings to actually win basketball games (of course, I have lost literally every single one of those) + +But I have never, EVER, had a win ratio with those "bets" like I have had with options. You're not able to fucking **take profits** if your football team is up during halftime. That is the glory in options. Options is not gambling, it is aggressive investing. God damnit. Get it straight. + +&#x200B; + +**TooLong;ICantReadWords** Tesla 370P 4/9 +PRIMETIME BOILERS* + +Hi all, + +So as the title says I have managed to secure a 12 month 0% interest free credit agreement for the installation of a new combi boiler, £2,300 all in 10 year warranty. I will then look to settle within the first few months. Cash was also an option but thought it better to take up the offer of the added flexibility. + +However the surveyor contacted me this morning saying he had not taken into consideration that it was a replacement of a conventional boiler to a combination boiler and as such the price is increasing by £700 making the new total £3,000. The issue here is evident that I have already signed the lenders agreement for the original sum and I am now unsure if I wish to proceed with the full amount given I can get this slightly cheaper from a more local company. + +What rights do I have considering both surveyor and the head office had incorrectly advised me of the costs. Even during a call when wishing to proceed with the quote the administrator commented that she had noticed it wasn’t a straight swap and advised it would take possibly a couple of days. + +Any advice would be greatly appreciated. + +UPDATE: + +I have voiced my concerns to the company and have confirmed I will not proceed with their revised quote. There was no negotiation on price however offered me 10 years warranty as opposed to 5 years for £2,750, however I just cannot bring myself to trust them. Currently expecting a return call from the company owner at some point in the not too distant future. + +Work will be taken up by the local installer as the relationship is on good terms and is transparent and honest. + +I also contacted citizens advice who have reported the violation of the agreement of my consumer rights to trading standards and also the malpractice from the company pressuring me with a 2 hour deadline into making a decision as to whether I would proceed with the appointment for Saturday. +Hey I’m an idiot. Bought 150 puts March 26 on Wednesday cuz I figured gme was going to keep shitting. Thursday came I was up a good chunk and decided to let the winner ride out.... then Thursday came and you apes went ape shit. I love game stop y’all I only bought puts for technical purposes. Ended up trying to average down as gme went above 150 on Thursday (huge mistake and broke my rule of adding to a loser.... long story short my account went from 36k down to 12k after spending all month grinding to make 6 grand.... I’m so fucking devastated. We are in the process of buying a house, I lost my job, and then this happened. I know I should have cut losses quicker I just couldn’t believe my eyes watching gme moon like it did I had a feeling it would hault down or something.... just needed a place to vent.... Don’t really know what to do from here but day trading is on pause.... any empathy post with relatable stories would be nice.... +I'm new to trading (little over a month operating with real contracts) and have had my ups and downs. I really do follow my risk management to the very end and that's saved me from some really bad days (nearly 80% loss). I have seen many posts on this subreddit from people claiming that it took them some good months/years to be really profitable. But I wonder if that's just some exaggeration. + +What is being profitable? is it closing a month with some really high profit percentage or just making some 100 - 150% profit over this period? + +So many people saying that it's taken them years to really understand trading. Does that mean that you spend all those years losing your money or you just didn't make the super high profit rate you wanted? + +Also, I consider myself to be somewhat profitable. There's room to grow in all directions, but I'm definetly making more money each week. +**All Content/Credit to OP: u/Jericoacoeira** + +**EDIT: Links below should be all set now. Let me know if any other issues and I’ll make further updates.** + +Sup PsYcHoLoGiCaLlY dIsTuRbEd investors. Need a break from [gam](https://economics.mit.edu/files/17441)\-[i](https://www.csse.uwa.edu.au/cig08/Proceedings/papers/8011.pdf)\-[fy](https://www.williamblairfunds.com/resources/docs/Content/multi-alternative/Game-Theory-and-Macro-Investing-Playbook.pdf)\-[ing](https://www.bloomberg.com/news/videos/2016-09-14/applying-game-theory-in-investing) the markets? Ever wondered which of the big banks are on the short end (pun intended) of GME? Rest your FDs, weary [GaMbLeRs](https://www.forbes.com/sites/antoinegara/2021/04/06/how-trader-jeff-yass-parlayed-poker-and-horse-racing-bets-into-a-12-billion-fortune/?sh=664cfeb73eb5), and wonder no more. + +*(FYI: OP references the big 3-letter January no-no sub below at “SUBREDDIT”…the sub that was pre-mass-migration to r/GME)* + +Before we begin, yes this is a new acc. [SUBREDDIT] retard that deleted my acc post Jan sneeze and mod takeover. Been lurking since. IDGAFF if you believe that. It’s not my fuckin job to persuade you. Your job as an individual investor is to read, learn, second guess, and verify the things you read over the internet, on your own. You’re an actual idiot if you trust me to make your own financial decisions. I’m retarded. I mistake green crayons for joints. + +Now let’s get to it: + +&amp;amp;#x200B; + +**The History Lesson: The Dodd-Frank Act and the Volcker Rule** + +In the wake of '08, Congress passed the Dodd-Frank act intending to reform and protect the financial services industry (lol). No need to go into all of it, all we need to know about for this DD is [The Volcker Rule](https://www.investopedia.com/terms/v/volcker-rule.asp). To briefly summarize, the Volcker Rule prohibits investment banks from trading against proprietary positions. This is intended to reduce the amount of risk/exposure that investment banks can carry on their books (again, lol). In terms you apes can understand, it basically means no more Greg Lippmanns (Jared Vennet/Ryan Gosling in The Big Short) running CDS trading desks within CDO departments. The Volcker Rule, however, "allows banks to continue market-making, [underwriting](https://www.investopedia.com/terms/u/underwriting.asp), hedging, trading government securities, engaging in insurance company activities, offering [hedge funds](https://www.investopedia.com/terms/h/hedgefund.asp) and private equity funds, and acting as agents, brokers, or [custodians](https://www.investopedia.com/terms/c/custodian.asp)." In other words, the Volcker Rule allows banks to continue to operate as prime [brokerages](https://www.investopedia.com/terms/p/primebrokerage.asp). + +Notice something here? This Rule applies to INVESTMENT BANKS. There is nothing within the Dodd-Frank Act about Hedge Funds trading against proprietary positions. Remember when [Kenny G wanted to become an investment bank, then 'gave up'](https://dealbook.nytimes.com/2011/08/11/citadel-chief-gives-up-dream-for-investment-bank/)? Yea.. This is why. Why become an investment bank when you can run a hedge fund with a MM arm and operate the EXACT same way the big investment banks did pre the GFC? + +You found a nice lil loophole there Kenny. + +&amp;amp;#x200B; + +**The Rise in Hedge Funds w/ MM arms** + +The Dodd-Frank Act and the Volcker Rule didn't eliminate extremely risky, highly-leveraged trading against proprietary positions, it simply hampered the ability for Investment Banks to do so. And Wall Street responded exactly like you’d expect. Eleven years later, now Hedge Funds are the market-participants that trade against proprietary positions, with the big investment banks as their underwriters. + +The business model for these types of Hedge Funds looks like this: + +1. [Open or Buy-out](https://www.globalcapital.com/article/b1l73g3p3r6xwz/hedge-funds-eye-entry-into-market-making-business) a market-maker/broker-dealer. +2. Set up an industry arrangement w/ a prime-broker at one of the big banks for transaction settlement, clearing, lending services etc. +3. [Pay](https://crsreports.congress.gov/product/pdf/IF/IF11800/2) retail brokers for order flow. +4. Establish long/short positions with your HF arm, while +5. Trading/writing derivatives based off your proprietary positions, and +6. Frontrunning retail trades using HFT and the order flow you’ve paid retail brokers for. +7. (Bonus points for [buying-out or taking a majority-stake](https://projects.iq.harvard.edu/futureofmedia/index-us-mainstream-media-ownership) in a media outlet for your Pump n Dump and Short n Distort campaigns) + +This is how the HFs MaNuFaCtUrE money. They setup a long/short position in a company with their Hedge Fund arm, pay Robinhood et. al. for retail orders, then write/trade options or other derivatives against retail and their own proprietary positions, all while HFT and front running those retail orders. And the big banks? They take their cut off the top of all this by securities lending and trade settlement through their prime brokerages. The financial cartel keeps humming, and everyone profits (except retail). The business model was foolproof. + +That is, it was foolproof until GME + +&amp;amp;#x200B; + +**The Primary GME Shorts:** + +Now by this point in the saga it's safe to assume most of you apes know that married-puts can be used by SHFs to hide their overall short positions by masking the FTDs. Using this, we can get an accurate list of HF Broker-Dealers who are short on GME. Here is the list we'll be looking at to find underwriters: + +&amp;amp;#x200B; + +* Simplex Trading LLC +* Susquehanna International Group +* Jane Street Group LLC +* Citadel Advisors LLC +* Wolverine Trading, LLC + +&amp;amp;#x200B; + +**Finding the SHFs' Prime Brokers** + +Every broker-dealer, whether they be a HF or an investment bank, is required to have a brokercheck report filed with FINRA. I.E. [this](https://brokercheck.finra.org/firm/summary/153585#licensesSection). Glossing through these reports you can find a list of "industry arrangements." These are nestled in between the reports’ title pages and the running tally of market violation high scores these broker-dealers compete for. These industry arrangements include, among other things, the prime brokerages that the SHF's use for securities clearing and transaction settlement. So what do we find there for these SHFs? + +# [Simplex Trading LLC](https://files.brokercheck.finra.org/firm/firm_153585.pdf) + +[Simplex Trading Industry Arrangements](https://preview.redd.it/bc6eh7hplye71.png?width=1081&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=2faa350a73192788b7ecab9a89319b41f0693b56) + +# [Susquehanna](https://files.brokercheck.finra.org/firm/firm_35865.pdf) + +[Susquehanna Industry Arrangements](https://preview.redd.it/n3s52q4jlye71.png?width=1090&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=76cdedb5664be518793ed5fffcd4bca5cb7a4771) + +# [Jane Street Capital](https://files.brokercheck.finra.org/firm/firm_103782.pdf) + +[Jane Street Industry Arrangements](https://preview.redd.it/xznmormdlye71.png?width=1085&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=9c9fd6ac27f309be5c5b4a2c0e0de72d07f20332) + +# [Citadel Securities](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + +[Citadel Securities Industry Arrangements](https://preview.redd.it/h2vsfp8mlye71.png?width=1089&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=1d6be75337f71597556fb7b8ed11b417c85ccffc) + +# [Wolverine Trading LLC](https://files.brokercheck.finra.org/firm/firm_36848.pdf) + +[Wolverine Trading Industry Arrangements](https://preview.redd.it/k18ysffxqye71.png?width=1086&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=5adb6a69947a36bf268f02a057e44e27af8a9dee) + +&amp;amp;#x200B; + +Ooh fuckin boy. Looks like J.P Morgan, Goldman Sachs, and Bank of America (through both BofA Securities and their subsidiary Merrill Lynch) are the big boy prime brokers for all of these short GME HFs. + +Now that we have the connections between GME SHFs and the big banks, time to queue up Mark Baum... + +&amp;amp;#x200B; + +**So... How Exposed are the Banks?** + +For this, my sweet summer retards, we need only to go to another publicly available form to find that good good. Enter, the X-17A-5. + +The X-17A-5 is a statement of financial condition. At the end of each calender year every single broker-dealer has to submit this form to the SEC [X-17A-5](https://www.investopedia.com/terms/s/sec-form-x-17a-5.asp), regardless of whether they are the fuck-you-money prime-brokerage arm of an investment bank like J.P. Morgan or an unsophisticated, [bucket-shop operation](https://www.investopedia.com/terms/b/bucketshop.asp) based out of Chicago like Citadel Securities. Within these forms, among a list of assets and liabilities, are the conditions, credit risks, guarantees and obligations that each brokerage abides by. + +Speaking of J.P Morgan... [Here](https://www.sec.gov/Archives/edgar/data/782124/000078212421000003/jpmpublic2020.pdf) is their X-17A-5 for 2020. It’s actually a pretty interesting readthrough (for being a financial document), but I know most of you smooth brained apes don't like to read so we’re gonna skip right on ahead to what we need. + +&amp;amp;#x200B; + +[JP Morgan Securities 2020 X-17A-5 pg. 18 - Customer Credit Risks](https://preview.redd.it/f1bb6de2mye71.png?width=865&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=cc1f04b8c020853945429986c698faf4f964152c) + +Ho-Lee-Fuck. They actually explicitly mention the risks of counterparty short-selling. Give that bish a second look. + +Now let’s break it down w/ some real world examples for the smoothest-brained apes in the back. + +*"****In connection with certain customer activities*** *(like say, Citadel Securities’ &amp;amp; Jane Street's Market-Making),* ***the company*** *(JP Morgan Securities)* ***executes and settles customer transactions involving the short sale of securities*** *("short sales"). When a customer (like Citadel or Jane Street) sells a security short, the Company (JP Morgan) may be required to borrow securities to settle a customer short sale transaction and, as such,* ***these transactions may expose the Company to a potential loss if customers are unable to fulfill their contractual obligations and customers' collateral balances are insufficient to fully cover their losses*** *(I.E. if Citadel or Jane Street default on a 100 million share short position, and don’t have enough UST bonds posted as collateral to cover the L, it’s on us). In the event customers fail\*\* to satisfy their obligations (I.E. defaulting on 100 million share short position), the* ***Company (JP Morgan) may be required to purchase financial instruments at prevailing market prices (read: MOASS floor price) to fulfill the customers' obligations.****"* + +Damn you feel that Jamie? That little tingling constriction at the base of your throat? That's what humans call an emotion. Specifically fear. You might be on the hook to cover an infinite loss, very very soon. + +&amp;amp;#x200B; + +Let’s keep going. What does BofA Sex Purities have to say about their counterparties’ credit risks. [2020 X-17A-5](https://www.sec.gov/Archives/edgar/data/1675365/000167536521000005/bofas2020public_g.pdf). + +&amp;amp;#x200B; + +[BofA Securities X-17A-5 Pg. 13 - Counterparty Credit Risk](https://preview.redd.it/tsbulm9amye71.png?width=852&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=47a3f0841f10bb0fbb0cef8c22442ea09e71b08d) + +No specific mention of short-selling, but we still got everything we need. Let’s break it down. + +“***In the normal course of business, the Company*** (BofA Securities), ***executes, settles, and finances various customer securities transactions*** (like Susquehanna’s, Citadel’s, and Wolverines Market-Making). Execution of ***these transactions includes the purchase and sale of securities by the Company*** (BofA Securities). ***These activities may expose the Company to default risk arising from the potential that customers or counterparties fail to satisfy their obligations*** (like if Susquehanna, Citadel, or Wolverine failed-to-deliver 100 million shares of GME). ***In these situations, the Company*** (BofA Securities) ***may be required to purchase or sell financial instruments at unfavorable market prices*** (read: MOASS floor price) ***to satisfy obligations*** (deliver shares) to other customers (DuMb MoNeY retail investors) or counterparties.” + +GOTT damnn Brian. You’re fucked. Like actually fucked. Or is it Bryan? I always forget. + +&amp;amp;#x200B; + +Y’all getting the hang of this yet? Let’s go through Goldman Sachs’. [Here is there 2020 X-17A-5](https://www.sec.gov/Archives/edgar/data/42352/000004235221000004/gscopub1.pdf) + +Psych. You really thought I was gonna spoon-feed you this DD? Go read it. It’s your homework assignment. + +&amp;amp;#x200B; + +Whew.. Now that we’re getting the hang it, I think its a good time for a comedic break. Ready? + +[Here](https://www.sec.gov/Archives/edgar/data/318336/000031833621000005/cssu-sofc_2020c.pdf) is Credit Suisse’s 2020 X-17, which includes a 3 paragraph summary of credit concentration risk on pg 46 … and… [here](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf) is their most recent 172 pg press release following up on those 3 paragraphs. + +It’s always the fine print that gets ya, right CS? + +&amp;amp;#x200B; + +Jesus fucking sweet Mary’s lasagna did us DuMb MoNeY retards pick a fight…Citadel, Susquehanna, Jane Street, JP Morgan, Goldman, Bank of America… really gives some perspective to this tweet duzzenit? + +&amp;amp;#x200B; + +https://preview.redd.it/ccxbpx52nye71.png?width=1125&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=a34a6fd3a17a5db548df27aabcd3374443ebd9af + +And you know what’s crazy? These are only the short GME HFs with broker-dealer arms. This DD doesn’t (and, really, can’t \[thank you SEC 13F filing loopholes\]) even begin to dig into the probable dozens of family-offices and HFs that don’t have broker-dealer arms who are short GME through their prime brokers, and are using [bespoke financing arrangements](https://www.kramerlevin.com/images/content/3/8/v2/38340/HFLR-Three-Asset-Based-Financing-Options-for-Private-Funds-Tota.pdf) to hide their positions. I'm looking at you Archegos and Point72. You didn’t think I was going to forget to mention the human toe-thumb Stevie Cohen in this DD. + +But you know what is the craziest fucking thing in this whole fucking thing fuck? + +We. Are. Winning. + +That despite the Monstars finance lineup on the opposite side of the GME trade, retail is winning. All by buying and hodling a stock you’ve come to like through your own individual research. + +But the game ain’t done yet. + +&amp;amp;#x200B; + +**How have the big banks responded to this?** + +Well fuck me I don’t know. I've never worked at a bank. But I am a white man, and jumping into a job I have no qualifications for is part of my culture. And I do also love a good thought-experiment. They’re a great way to escape the pain of existence. (To the shills ‘worried’ about my health - that was a joke) + +So if I ran a prime brokerage firm, what would I do if I found out that some of my clients took a high-risk bet with infinite downside, and now they’re very likely going to default, footing me the bill? + +Well, what I would do in that situation, in no particular order, would be: + +* [Stop covering the security](https://markets.businessinsider.com/news/stocks/gamestop-bed-bath-beyond-stock-coverage-suspend-bankofamerica-meme-stocks-2021-6). I wouldn’t want any of my other clients establishing any positions on it. Hell I wouldn’t want anyone to even talk about it. I’d use my fuck-you-money legal team to [threaten with lawsuits](https://www.reddit.com/r/Superstonk/comments/otkhnu/infringes_the_copyrights_haha_boa_is_a_little/) as needed. +* I’d ‘work together’ (collude) with those SHFs to try to get the situation under control. I’d be REAL lenient with their collateral and margin accounts, [and maybe, possibly, consider margin calling them, but not really](https://www.risk.net/investing/7853221/jp-morgan-warns-hedge-funds-to-expect-intraday-margin-calls). And I’d do whatever I could to suppress the price of said security. If the security is illiquid, I’d probably use my powers as an AP to [short the living hell out of ETFs containing said security](https://youtu.be/eVcorkjJlKM) alongside those SHFs. +* I’d also launch a scorched-earth smear campaign against my opponents, using my media connections and the outlets I own/have stakes in. I’d call them disturbed, insane, rabid, predatory. Say they’re dumb money, suckers. They’re gam-i-fy-ing the market. Compare them to [*OP references that one recent massive conspiracy theory movement*] and the Capitol Rioters. I’d play the blame game, saying anything to smear them and to keep new investors from jumping into the opposite side of the trade. + +But again, that’s just what I would do if I was in that situation. This is a hypothetical. I would do all those things, and then hope and pray. That somehow I can make enough people sell and dissuade enough people so that I can cover my losses and live another day. + +At this point however, everyone, even the smoothest of brains, knows how this trade is going to end. + +&amp;amp;#x200B; + +**But what’s next?** + +The SHFs and big bank prime brokers will continue to fight the same fight they have been for the past 6 months. Theyll squirm and flail and struggle as they continue to try to juggle the ever increasing death spiral of net capital requirements, FTDs, ETF FTDs, margin requirements, collateral requirements, and stock borrowing fees, while using every dirty trick in their playbook to hide the true SI%, all in the hope they can escape this financial black hole of their own creation. But times ticking, and entropy is forever increasing. + +And you; you smoothbrains, you retards, you wrinkles in time, you beautiful apes, will continue to buy and hodl and wait like you’ve been doing the past 7 months. We’ve already passed the event horizon. The MOASS will happen now, regardless of how much they struggle. The only question left is how high will the price go. + +[Looks like that’s it. Got to go.](https://youtu.be/AbiTODVXMro) + +*All of this is publicly available information. None of this is financial advice. If that’s what you’re looking for go watch Mad Money. Double check this DD. Tell me I’m wrong. Prove it. I already told you once I am regarded.* +Long time (underaged) lurker on this subreddit, I’d like to take a moment to thank all of you who daily provide to teens like me profound and insightful knowledge about FIRE. +Furthermore, I’d like to step up my knowledge a notch, so I’d like to know if there’d be any Toronto based individual willing to do some mentoring. + +Edit: Didn’t think this post was going to get this much attention. I’d like to add that even here, I obtained firsthand information from people in the industries I want to work into, a few people even offered themselves to guide me in my journey. Stuff that I’d learn the hard way or in hours of frustrating not right to the point research. + +Can’t thank you enough guys. It’s quite incredible what this community has built altogether over time. +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). +Hi guys, + + +I just wanted to write this that how grateful and what a huge privilege is it to even have money to participate in the crypto market. We tend to forget this often and a reality check is needed ..It causes us to become very dillusioned when we start comparing to everyone and seeing everyone is getting rich, everyone except for you. Don't compare yourself to anyone, its one of the largest causes of unhappiness, focus on your own respective journeys!! + + +Enjoy the process! I am so happy to see each one of you in this community and wish each one of you nothing more than success and happiness!! +Hi everyone, I'm 21 just started a new job and finished my emergency fund and maxed out my Roth IRA for this year. My newest long term goal is to buy a house in about 8-10 years. My current investment portfolio is QQQ (50%) VOO(25%) BERK.B (25%) in my brokerage fund/ house fund. For some reference I basically only hold VOO in my ROTH IRA, and have maxed it out both this year and last year. I feel that the returns are good but not and good as QQQ. Not really looking for dividends just growth. How does this portfolio look for the the next 8-10 years. +I work 40 hours a week for 15/hr dishwashing, and then walk dogs for an hour a day for 90/wk, and make a little side money doing art commissions. I make about 2400 a month. I live with my parents renting out a room for 500 a month, I don't have a credit score and can't afford to rent an apartment and can't find a room that will rent to me in my area. I don't have any friends to stay with and am going crazy being an adult man that still feels like a child. What the hell am I supposed to do? Nobody taught me how to manage any of this. Am I making a living wage because it doesn't feel like it despite working 2 and a half jobs. + +&#x200B; + +&#x200B; + +EDIT: Trying to get to all the comments, didnt expect this much support, thank you all. I know I'm dumb that's why I'm asking. +This feels like a more general /r/personalfinance question, but I feel like the fatFIRE community may have encountered this scenario a bit more, where one partner has significantly higher net worth than the other (or even if you both have high net worth). + +If you've gotten a prenup you've likely thought about this already, but for those of you based in the US, how do you and your partner manage/separate/combine your own money in the context of shared expenses (a home you bought together, living expenses, childcare and education, etc)? + +Do you divert a percentage of your earnings into a shared account? Do you and your partner have a percentage you each pay for while keeping your asset separate? Does the partner with (much) higher NW pay for everything? +The AMAs could be linked within the God Tier DD. Could even rename it God Tier DD + AMA. + +Also, you mods have done an amazing job inviting these experts to talk about this saga. What a way to share knowledge and boost our credibility! + +The "I voted" flair was such a great and fun idea too. + +And thanks for keeping this sub as "clean" as you can. Fighting shills and downvote bots ain't easy, I can tell. + +Everyone, be kind to each other. Ape no fight ape. + +🚀🚀💎🖐🌕 + +Side note, whoever has been giving snek awards to shills, you an MVP 😂 + +Edit: my first gold award 🥺 thank you anonymous person +I'm starting to really get into this small side business of mine, and wanted to use the profits for my future home. Whether its expenses, furniture, etc. Is the S&P 500 my best bet for a relatively safe stock to buy into? + +I have 10k growing in dividend stocks now, AFL, T, NHI, KO, etc. I'm just not sure if going for individual companies or an etf would be more reliable. Would love some opinions! +https://www.marketwatch.com/story/u-s-wholesale-inflation-surges-again-and-jumps-10-in-past-year-11647348016 +The numbers: Wholesale prices rose a sharp 0.8% in February and signaled that the hottest U.S. inflation in 40 years is unlikely to cool off in the spring. +Wall Street economists had forecast a 0.9% increase. +The increase in wholesale prices over the past year stayed at 10% for the second month in a row, the government said Tuesday. +I went through their buzzword vomit of a business description from [NASDAQ](https://www.nasdaq.com/market-activity/ipos/overview?dealId=1160165-97666). It was painful. I've yet to make any eureka connections, except for my own tinfoil concerning the current state of fintech in China, but their underwriter AMTD Idea Group has a piece on them I need to go through. I did find it interesting that they were actually going to IPO exactly one year ago and didn't for some reason. + +**TLDR**: They took over an insurer in HK (Hong Kong) when China took over. They also bought up a couple insurers in Singapore. They may offer some fintech services and possibly a small media platform for some SE Asia internet celebs. Their "SpiderNet" is, according to them, their most profitable system. It appears to just be a business network that you have to pay to be a part of. It all sounds like a corporate crime syndicate straight out of a comic book. + +They mention a "controlling shareholder" a few times, which I assume is AMTD Idea Group, a holding company. They've been investigated for some very fradulastic crap, which I will be writing up next. ([https://hindenburgresearch.com/ebang/](https://hindenburgresearch.com/ebang/)) + +&#x200B; + +**Company Description** + +Our mission is to act as a fusion reactor for the best entrepreneurs and innovative ideas, fusing synergistically all elements within the AMTD SpiderNet ecosystem using digital means, harnessing and magnifying the power from each partner to create a force with meaningful and influential social, technological, and economic impact. + +**(Translation: Meaningless.)** + +&#x200B; + +As the fusion reactor at the core of the AMTD SpiderNet ecosystem, we are one of the most comprehensive digital solutions platforms in Asia with businesses spanning multiple verticals, including digital financial services, SpiderNet ecosystem solutions, digital media, content, and marketing, and digital investments. + +**(Translation: That's a lot of very different services. Only similarities seem to be "digital.")** + +&#x200B; + +Digital transformation is the new normal to real economies and people’s daily life, and we believe that a multi-dimensional and integrated digital solutions platform is fundamental to our ability to empower and integrate the various digital businesses within our ecosystem. + +**(Translation: They have some sort of "platform.")** + +&#x200B; + +We aspire to understand and anticipate the needs of our clients, and provide tailored digital solutions with a collaborative overlay to them. We acquire innovative technological capabilities by selectively cooperating with and investing in technology partners across Asia. + +**(Translation: They "acquire technology" by "investing" in...partners?)** + +&#x200B; + +The purpose is to build a solid foundation for our various business endeavors. Our one-stop digital solutions platform operates four main business lines: • Digital Financial Services. Primarily through our controlled entities, investees, and business partners, we provide one-stop, cross-market and intelligent digital financial services for retail and corporate clients in Asia. + +**(Translation: They offer Digital Financial Services of some sort)** + +&#x200B; + +We possess some of the most scarce digital financial licenses in Asia and provide a variety of digital financial services through the following: • AMTD Risk Solutions—the largest Hong Kong-based corporate insurance solution provider in terms of revenue of corporate insurance business in Hong Kong, according to the CIC Report. AMTD Risk Solutions Group, or AMTD RSG, our wholly-owned subsidiary, was a member of the Hong Kong Confederation of Insurance Brokers since October 2004 and was granted an insurance brokerage license issued by the Hong Kong Insurance Authority in September 2019, pursuant to the newly established statutory regime for regulation of insurance intermediaries which took over regulation of insurance agents and brokers from the self-regulatory bodies including Hong Kong Confederation of Insurance Brokers. + +**(Translation: They took over AMTD RSG insurance when China forcibly took back Hong Kong)** + +&#x200B; + +• PolicyPal—a one-stop digital insurance technology platform for consumers and small- to mid-sized enterprise clients, or SME clients, in Singapore. We have acquired a controlling interest in PolicyPal Pte. Ltd. via our fusion-in program in August 2020. BaoXianBaoBao Pte. Ltd., the wholly-owned subsidiary of PolicyPal Pte. Ltd., is a registered insurance broker with respect to direct insurance and an exempt financial advisor in relation to advising on and arranging of investment products that are life policies in Singapore, other than for reinsurance. BaoXianBaoBao Pte. Ltd. is the first company to graduate from the MAS’s FinTech regulatory sandbox. + +**(Translation: They own/partner? PolicyPal and it's subsidiary, both insurance companies in Singapore.)** + +&#x200B; + +In addition, we have entered into agreements to acquire or apply for some of the most scarce digital financial licenses in Asia and provide a variety of digital financial services through the following: • Singa Bank—a digital wholesale banking platform to be established to provide comprehensive services to SME and corporate clients. Our subsidiary, AMTD Digital Holdings Pte. Ltd., entered into a binding term sheet in December 2019 with Xiaomi, SP Group, and Funding Societies to establish a consortium in which AMTD Digital Holdings Pte. Ltd. were to become the largest shareholder. The consortium has submitted an application for the Singapore digital banking wholesale license on December 31, 2019. + +(**Translation: A fintech** [consortium](https://www.investopedia.com/terms/c/consortium.asp)**?)** + +&#x200B; + +We intended to pursue digital banking opportunities in Singapore through Singa Bank and other parts of Asia through cooperation, the launch of which would be subject to obtaining a digital wholesale banking license from the Monetary Authority of Singapore, or the MAS, or other regulators in the respective regions. On December 4, 2020, the MAS announced the grant of four licenses to other applicants, indicating that the digital banking licenses are introduced as a pilot, and the MAS will consider granting more of such licenses in the future. We and Xiaomi intend to further pursue such digital banking license opportunity, and plan to submit an application if and when the MAS opens up new round of applications for such licenses in the future. It is uncertain whether and when the MAS will open a new round to accept new applications, and there is no assurance we will be able to obtain such license in the new round of application process, if any. • + +**(Translation: Trying to get a digital banking license in Singapore, but their pilot program is full.)** + +&#x200B; + +Applaud—Applaud Digital Solutions Pte. Ltd., or Applaud, was incorporated by one of our subsidiaries, AMTD Digital Solutions Pte. Ltd., together with PolicyPal Pte. Ltd. Applaud submitted an application to the MAS for a direct insurer (composite) license on July 14, 2020. Applaud has made two presentations and multiple rounds of written communications with the MAS and is working on the provision of additional information based on the last conversation with the MAS, including identification of talents to form the core team if the license is granted, potential insurance companies to partner with including but not limited to a potential joint force on the application, and other updates on the business plan, if necessary. We cannot be certain whether or not the supplemental information to our application will necessarily bring us to the approval of a license and whether there will be additional questions or requirements to be imposed by the MAS. • + +**(Translation: They also own Applaud, who wants to be an insurer when they grow up.)** + +&#x200B; + +CapBridge—a leading online private markets integrated capital raising and secondary liquidity platform for global growth companies and funds based in Singapore. We entered into a binding term sheet in June 2020 to acquire a controlling interest in CapBridge Financial Pte. Ltd. We further updated our mutual understanding with CapBridge Financial Pte. Ltd. to establish a long-term strategic partnership alongside with AMTD IDEA Group for the three entities to focus on digitalization solutions connecting private markets with public capital markets opportunities and to update the overall transaction framework to include three separate phases: (i) an initial investment by AMTD IDEA Group in CapBridge Financial Pte. Ltd. for an equity interest of 2.98%, which has been completed as of the date of this prospectus, (ii) a follow-on investment by AMTD ASEAN Solidarity Fund under our company, and (iii) an additional round of investment to top up our overall ownership, subject to negotiation of the final terms and conditions and regulatory approvals (including MAS approval). Through CapBridge Financial Pte. Ltd.’s subsidiary, 1x Exchange Pte. Ltd., or 1exchange, Singapore’s first MAS-regulated private markets securities exchange, CapBridge Financial Pte. Ltd. and its subsidiaries, or CapBridge, provides a holistic approach that enhances capital flow for growth companies and improve liquidity options for private investors. 1exchange is a recognized market operator in Singapore. CapBridge Pte. Ltd., another subsidiary of CapBridge Financial Pte. Ltd., holds a capital markets services license in respect of dealing in capital markets products that are securities and collective investment schemes, and is an exempt financial advisor in respect of advising on investment products and issuing or promulgating analyses/reports on investment products that are securities and collective investment schemes. + +**(Translation: Hey, wake up! They want to partner with Capbridge, who is apparently into secondary markets and possibly pre-ipo equity. Capbridge was only incorporated in 2017 in Singapore and apparently help clients "achieve partial exits and tradability in private share…" <**[**https://capbridgefinancial.com/**](https://capbridgefinancial.com/)**> )** + +&#x200B; + +To further enrich our comprehensive suite of financial services, we intend to continue acquiring complementary capabilities and/or licenses through acquiring and/or incubating FinTech companies. • SpiderNet Ecosystem Solutions. We serve as a super connector and digital accelerator for Asia-based entrepreneurs and corporates by connecting them to resources and technologies, and providing them with access to our unique AMTD SpiderNet ecosystem. Centered on our ecosystem-powered strategy, we empower entrepreneurs and corporates with capital, technologies, mentorship, connectivity, and other resources essential to accelerating and enhancing their business digital transformation and corporate development journeys. Through a membership fee scheme, we provide our corporate clients with exclusive access to the AMTD SpiderNet ecosystem and its prestigious corporate members, prominent business executives and partners, creating strategic and synergistic opportunities. In addition, our digital solutions initiatives and programs in partnership with industry leaders and academic institutions serve to support industry professionals and foster next generation entrepreneurs in the region by equipping them with the latest trends and knowledge in the digital space. These entrepreneurs become permanent members of the AMTD alumni network. Our services help our ecosystem members to enhance connectivity, identify business synergies, and create valuable business propositions. We further deepen our relationship with corporate clients by facilitating synergies between their portfolio companies and other partners in the AMTD SpiderNet ecosystem and by connecting innovative minds, bright ideas, and smart ideas. We have entered into an agreement with our Controlling Shareholder to provide Airstar Bank with the support from our SpiderNet ecosystem solutions services, including resources, capital support, and expertise in the financial services industry to support its business development and support them to gradually build up their own ecosystem for an annual service fee. Airstar Bank, a virtual bank jointly-established by our Controlling Shareholder and Xiaomi Corporation, or Xiaomi, is a comprehensive digital banking platform providing services to retail and corporate clients in Hong Kong. Airstar Bank holds one of the only eight virtual banking licenses issued by the Hong Kong Monetary Authority and commenced operations in June 2020. Our Controlling Shareholder holds 10% of equity interest in Airstar Bank as a controller under the Banking Ordinance of Hong Kong and we do not have any equity interest in Airstar Bank. • + +**(Translation: The "Spidernet" appears to be a network of business partners. Just what "strategic and synergistic opportunities" this network provides is unclear, though apparently you have to pay a fee to be a part of it. The fact that their wannabe linkedin is their top earner says a lot about who they are.)** + +&#x200B; + +[Their \\"SpiderNet\\" and yes it's just as vague as it looks.](https://preview.redd.it/4m0hotlmmif91.png?width=1120&format=png&auto=webp&s=3891652c4d767a4e7807914b6710c62941b258bd) + +&#x200B; + +Digital Media, Content, and Marketing. We commenced our digital media, content, and marketing business in May 2020. We create and promote digital solutions content by investing and developing multimedia channels to provide users and audiences access to content medium through a comprehensive library of traditional and digital movies, podcasts, webinars and live videos offered by content providers and online media platforms since May 2020. + +**(Translation: Not sure if they host a platform that has digital media or they just invest in it. Sounds like the latter)** + +&#x200B; + +Through our offering of digital media and content, we are able to spearhead industry trends and create effective marketing for our clients and ecosystem partners through innovative content creation, digital marketing platforms and cutting-edge technology. For example, we are a seed round investor of Forkast. News, a digital media platform founded by former Bloomberg News anchor Angie Lau in April 2021. The platform provides readers stories and analysis on blockchain, cryptocurrency, and emerging technology in the Asia-Pacific region. We also strategically acquired DigFin, which is not a significant subsidiary of ours, in July 2021, a journalism brand and a content agency established by Jamie DiBiasio, an award-winning financial journalist and author, whose stories analyze business models in digital finance, FinTech, and digital assets. + +**(Translation: They mention content creation and marketing, but then just cite being a "seed investor" in Forkast and DigFin. Maybe they don't know what those words mean...)** + +&#x200B; + +Together with our Controlling Shareholder, we have been the founding grand sponsor of Singapore FinTech Festival, the largest FinTech event in the world with over 60,000 attendees each year for five consecutive years since 2017, and the sole strategic partner of Hong Kong FinTech Week, Hong Kong’s annual FinTech event, for four years in a row since 2018. We have organized, hosted and participated in hundreds of sessions, including keynote speeches, panels, and fireside chats, to share our insights and exchange knowledge. Many of our clients, and ecosystem members and partners were able to access these global events through collaboration with us and thus presented valuable marketing opportunities for them. + +**(Translation: Cool. How'd they host this since 2017 when they only became a company in 2019?)** + +&#x200B; + +Recently, we have invested in movie productions via digital formats. “Shock Wave 2”, a movie invested by us and co-produced by Universe Entertainment and Alibaba Picture in 2020, has grossed over RMB1.3 billion of box office as of February 10, 2021. We also invested in “The White Storm 3” and “Redemption”. We intend to continue to invest in more popular movie productions in order to maximize our reach to broader audiences for content sharing and marketing. + +**(Translation: They invest in B movies.)** + +&#x200B; + +• Digital Investments. We invest directly in various innovative technology companies to leverage, enhance and enrich the AMTD SpiderNet ecosystem by including them in our ecosystem. Throughout the track record period, our investment portfolio includes minority interest holdings in the following: • Appier—a leading artificial intelligence technology company, which provides AI-based solutions for precision marketing. • DayDayCook—a leading content-driven lifestyle brand for young food lovers in Asia with over 60 million cumulative users across its online platforms. • WeDoctor—one of China’s largest technology-enabled healthcare solutions platforms providing seamless online and offline healthcare services with a mix of general practitioners and specialists. + +**(Translation: They "invest" in a lot of companies. I thought these yahoos were a fintech company, not an investment firm.)** + +&#x200B; + +• AMTD ASEAN Solidarity Fund—We also established the AMTD ASEAN Solidarity Fund in partnership with ASEAN Financial Innovation Network, or the AFIN, in April 2020 with an initial capital of S$50 million to invest in innovative companies. AFIN is a non-profit entity formed by the MAS, International Finance Corporation, a member of the World Bank Group, and the ASEAN Bankers Association, with the objectives of supporting financial innovation and inclusion around the world. In addition to providing funding, the solidarity fund will offer the FinTech companies full access to the AMTD SpiderNet ecosystem, which opens opportunities for them to collaborate with each other across ASEAN countries, Hong Kong, and China. Through the solidarity fund, we have invested into five FinTech companies, representatives of which include [Active.ai](https://Active.ai), a cloud-based conversational AI platform; CardUp, a credit card enablement platform; Funding Societies, a SME digital financing platform, and TranSwap, a cross-border payment platform. We expect to make further investments through the solidarity fund. • MAS-SFA-AMTD FinTech Solidarity Grant—MAS-SFA-AMTD FinTech Solidarity Grant was jointly established in May 2020 by the MAS, SFA, and AMTD Charity Foundation with an amount of S$6 million to support FinTech companies in generating new businesses and pursuing growth strategies. As of the date of this prospectus, approximately 190 FinTech companies have benefited from our MAS-SFA-AMTD FinTech Solidarity Grant, which have formed a solid enhancement to our AMTD SpiderNet ecosystem. + +**(Translation: Apparently, they like investing so much they created a fund just for that. With an amount of money that equals the company's yearly revenue. The ASEAN network is interesting though, and I've got my own tinfoil about that.)** + +&#x200B; + +We generate revenue primarily from fees and commissions from our digital financial services business and SpiderNet ecosystem solutions business during the fiscal years ended April 30, 2019, 2020, and 2021, and the ten months ended February 28, 2022. We have achieved tremendous growth since the launch of our SpiderNet ecosystem solutions business in December 2017 as a result of the continued expansion and monetization of AMTD SpiderNet ecosystem. Our revenue increased significantly from HK$14.6 million for the fiscal year ended April 30, 2019 to HK$167.5 million for the fiscal year ended April 30, 2020 + +**(That's an awful big jump just off monetizing their business network…)** + +, and to HK$195.8 million (US$25.2 million) for the fiscal year ended April 30, 2021, and from HK$162.4 million for the ten months ended February 28, 2021 to HK$168.0 million (US$21.5 million) for the ten months ended February 28, 2022. Our net profit increased significantly from HK$21.5 million for the fiscal year ended April 30, 2019 to HK$158.3 million for the fiscal year ended April 30, 2020, and to HK$171.6 million (US$22.1 million) for the fiscal year ended April 30, 2021, and from HK$113.0 million for the ten months ended February 28, 2021 to HK$186.8 million (US$23.9 million) for the ten months ended February 28, 2022. + +**(Translation: They sure do a lot for a company that only makes $20m a year, with 50 employees.)** + +&#x200B; + +We continue to deepen and monetize our relationship with clients by cross-selling solutions that fill their unique needs. --- Our principal executive offices are located at 25/F Nexxus Building, 41 Connaught Road Central, Hong Kong. Our telephone number at this address is +852 3163 3298. Our registered office in the Cayman Islands is located at Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands. Our agent for service of process in the United States is Puglisi & Associates, located at 850 Library Avenue, Suite 204, Newark, DE 19711. Our website is [www.amtdigital.net](https://www.amtdigital.net) and our email address is [ir@amtdigital.net](mailto:ir@amtdigital.net). + +**(Why am I not surprised that their registered office is in the Cayman islands?)** + +&#x200B; + +[I'm done.](https://preview.redd.it/j45tuhienif91.png?width=474&format=png&auto=webp&s=72c450f70ae72f21dc0a11e3d4b3d17a35e9716d) + +So that's their "business description." I told you it was painful. This ASEAN network though... + +[ASEAN Financial Innovation Network](https://www.whub.io/startups/asean-financial-innovation-network) has a cloud based, open source api "market-place and sandbox platform." Sounds like the FBI may like a word, considering how much compromised software has been coming out of SE Asia. Also incorporated in 2017. + +**Tinfoil**: If I was a spy for China putting malicious software inside things like [tiktok](https://www.theverge.com/2020/7/7/21316062/tiktok-ban-app-mike-pompeo-government-china-bytedance-communist-party), gps units, and all sorts of programs and devices used by the U.S., it sure would be handy to have a place where I could access those inside a "sandbox." It would also offer plausible deniability, because I could just claim some other evil hacker invaded the network... + +&#x200B; + +**\~Connections\~** + +Loop Capital is an underwriter for them, and the tinfoil here believes that Loop Capital is just another Citadel minion. + +Chapter 2 will be digging into [this article](https://hindenburgresearch.com/ebang/) on AMTD Idea Group and their shady dealings. Spicy. +I've busted my butt to get the income I have. I was a single mom 8 years ago. I made barely above minimum wage and couldn't afford rent. Now I make much better money compared (still an average ish wage for my area). But I have a husband now, and two kids now. My husband just wont keep a job. He has been UNemployed 6 out of the last 9 months. I am changing jobs again so that I can make more money, which is about 10% increase or so. It just doesnt matter though. We are still spending more than I earn. + +How the heck am I supposed to get ahead if I'm the only one working?? + +He wasn't always so bad at staying employed. It started after we got married. I'm so scared to go back to full blown poverty. He wasn't with me when the money was at its lowest point. He doesnt know what I went through. +It seems like a lot of people on this forum (myself included) hold very high standards when it comes to work and how it fits into our life's purpose. A while back I listened to a great interview with Yul Kwon from Survivor on [Freakonomics](https://freakonomics.com/podcast/yul-kwon-dont-try-to-change-yourself-all-at-once/). + +I have read a lot of threads here where people aspire for what Kwon calls the "Holy Grail" of jobs: financial security, purpose, challenges, community, etc. Again something I have fallen prey to many times. + +I like his perspective on finding these things over the course of their life/career rather than in one career. I know it's helped me frame my perspective with my situation where I feel I'm on the financial security treadmill to get to FF. Here is what Kwon had to say: + +&#x200B; + +>*I guess the fact that I’ve had so many different jobs is partly intentional and partly coincidence. I’ve always felt the need to challenge myself and push myself, because I’m naturally a very timid and anxious person. And left to my own devices, I have a tendency to collapse into myself. So I think whenever I feel a little bit too comfortable, I know it’s time for me to start pushing myself again.* +> +>*The other thing, in terms of my career — I’ve always tried to find the holy grail, the one job that gave me everything I was looking for: job satisfaction, challenge me, working with great people, financial security, working at a place where I believe in the mission. And I’ve generally been pretty disappointed.* +> +>*And so what I concluded at some point in my career was: what if I took a longer term view, a portfolio theory of my career, so that over time and over the cumulative experiences I will have gotten all the things that I’m looking for? So at different points in my career, I’ve optimized for different things. I think taking that view has been really helpful for me. And taking that approach for the most part has given me a pretty high level of career satisfaction that I think I otherwise wouldn’t have had.* + +Anyone have any other perspectives on how they look at jobs/careers and how it fits into their overall life goals? +**\*\*22 days later EDIT: Thank you for everyone who commented and helped. After calls with \~9 different lawyers/CPAs and pounding my existing network, I believe I found the best option for my father. Blows everything else out of the water. However, I signed an NDA. I hope everyone is lucky enough to find themselves in the position my father is in, and all I can say is if you have +10mm in net worth you're in a new "sandbox" and make sure you pay top dollar for the guy that already advises other guys in your new sandbox.** + +Throwaway account bc deal hasn't closed yet... + +My father is in the process of selling his business and has received multiple offers where he will receive $13 million (rounded) by the end of the year. **Has anyone experienced selling a business netting over $5 Million in taxable income in one year and have savvy ways to mitigate the tax burden?** The most he's ever personally made in 1 year was $732k. I've helped saved him small sums like $5-35k in the past with tax strats, but this is so large I'm way out of my depth. He's asking around for the best Tax Advisor specialist, but in the meantime I was hoping r/fatFIRE had some unconventional/lesser known strategies you've employed when selling your businesses within the United States. + +**Parent's Info:** $350k salary / $500k house / $2.8M stocks / $450k Bonds / $1.3M retirement accounts + +**Company Info:** C-corp taxed as S-corp / Sub 50 employees / Majority owner for 20+ years / NOT in real estate. I apologize I don't want to give away too much info. + +**Deal Structure:** $11M cash + $2M stock of acquiring company by End of Year '20 / His Capital Gains I calculate will be $10 million. (Rounded for simplicity) + +**Large Tax Strats I've found myself (hopefully helps others in future):** + +1. [Section 1202](https://www.americanbar.org/groups/taxation/publications/abataxtimes_home/18aug/18aug-pp-rappaport-friedman-section-1202/) \- $1mm possible savings - but problem of C-corp taxed as S-corp for QSBS definition. +2. [Section 1405](https://www.mystockoptions.com/resource/index.cfm/catid/6BD862E0-14CD-11D4-B9050008C79F9E62/ObjectID/FE607637-88F4-11D4-AF72000102460375) \- $100k-$2M savings - QSBS problem above and need to buy another business within 60 days. +3. [Opportunity Zones](https://eig.org/wp-content/uploads/2018/01/Tax-Benefits-of-Investing-in-Opportunity-Zones.pdf) \- <$1M (10%) possible savings - roll capital gains 5 years future + tax free capital gains on investments (assuming 5% CAGR investing $4mm, thats an extra $1.1M on top of the $1M). If others have different interpretation of numbers please share, I'm not an accountant, clearly lol. +4. [Qualified Business Income](https://www.irs.gov/newsroom/facts-about-the-qualified-business-income-deduction) \- \~$315k max deduction / -$126k Tax Liab - already doing this. +5. [100% Charitable Donation 2020 -](https://www.fidelitycharitable.org/guidance/charitable-tax-strategies/charitable-tax-deductions.html)$350k donation / -$70k Tax Liab - if he so chooses he can give up to 100% of his annual gross income to a charity and deduct that from his taxes. Does anyone know if this relates to ONLY for his income paid by the company or income + gains from sale? +6. [Trump Bonus Depreciation Extension](https://www.accountingtoday.com/news/a-new-appreciation-for-bonus-depreciation) \-$600k deduction / -$120k Tax Liab - He buys a 30-unit multifamily real estate asset for 2 million cash by EOY. \~30% of assets eligible for 100% depreciation this year with no recapture like section 1079. Then 1031 tax-free it if want to trade up and go bigger. +7. [Tax-Free Deal](https://www.dfwb2bcfo.com/top-10-tax-considerations-when-selling-your-business/) \- Does Not Apply Here - with only $2M in stock in buying company, I believe the tax free deal does not apply. +8. C[ash Value Life Insurance](https://blog.massmutual.com/post/life-insurance-tax-advantages) \- I think he could do this, give money/buy insurance/deduct premiums? Do I have that right? +9. [Section 338(h)(10) election for S Corporation Sales](https://www.dfwb2bcfo.com/top-10-tax-considerations-when-selling-your-business/) (#3 in article) - This looks like this may apply here. Asset Sale vs Stock Sale despite acquirers will be acquiring all of the stock in the S corp.... from u/bocksuvrox \-" 338(h)(10)s are generally a liability to sellers rather than a strategy because you are agreeing to sell stock for legal purposes but deemed to sell assets for tax purposes; long term stock will be subject to cap gains rates but in an asset sale you get dinged on some % of assets (unclear how asset intensive the biz is) subject to ordinary income rates. Generally a buyer will want the asset deal for purposes of a step-up in basis. If your buyer does in fact press for a 338(h)(10), sellers should insist on a “make whole payment” to ensure you are in no worse tax position. If you were more aggressive, you’d negotiate for a cut of buyers’ tax savings. In a deal this size, this all could save in the $100k’s, not millions." +10. [CRAT](https://www.investopedia.com/terms/c/charitable-remainder-annuity-trust.asp) \- thx to u/simple-monk \- "assuming that your father doesn't mind giving to Charity, this technique allows you to spread the gains over multiple years, and take a charitable deduction at the same time. There are some drawbacks though .. so this isn't a solution that fits all; but still worth considering." + +**Other Resources to help others in future:** + +1. [Trump Tax Changes and Real Estate](https://podcasts.apple.com/us/podcast/tax-changes-real-estate-investors-need-to-know-about/id194167775) \- PODCAST - REGuys are a bit sales-y but they have good info. +2. [$10M NetWorth No Taxes for Canadians](https://financialpost.com/personal-finance/high-net-worth/how-a-couple-with-a-net-worth-of-10-million-and-annual-income-of-215000-can-pay-0-in-income-tax) \- ARTICLE -This is of no help to me, but hopefully it will for neighbors in the north. +3. Installment Sale - for selling business <$3m EV imo, downsides with time frame. +3 years +4. [Cut Income Taxes On Inherited Assets from Death US](https://www.accountingtoday.com/news/cut-income-taxes-by-maximizing-the-cost-basis-of-assets-inherited-at-death) \- ARTICLE - I prob won't get an inheritance, but hopefully I won't have to refer to this until 30 years from now. +5. [FLAG Theory](https://en.wikipedia.org/wiki/Perpetual_traveler#Flag_theory) \- WIKI - for globe trotters (from another redditor) +6. [If Paid By 1099 -](https://www.reddit.com/r/fatFIRE/comments/hrgytw/next_level_tax_strategies/fy42xe7?utm_source=share&utm_medium=web2x&context=3) REDDIT- setup defined benefit plan to reduce income + +So if anyone has anymore strategies that include more real estate depreciation, pre-sale estate planning, any other IRS sections I missed applicable to business sales. + +Thanks for reading and thank you for your time. + +\*Edited to expand/add #9, 10 +They get a lot of attention in this sub so I suppose it's worth opening a thread. I hate it when CEOs dip out like that. So I dumped my shares on the news, took my whopping 2% gain, but then forgot that they had 2 CEOs! Oh well. Why do that anyway? +Long story short, I came from a very dysfunctional family and only got out of the homeless status 7 years ago. I was never taught about money and lived most of my life being anxious and emotionally/mentally paralyzed about losing my home again.. Life has gotten a lot better but I see that I have a lot of work ahead of me to build a stable, secure life for myself. + +&#x200B; + +* I was able to finish up college but because I chose a very shitty career, I am currently stuck at a low paying job, making $35K a year.. I am working hard to get a better paying job right now. I don't have health insurance and I contribute the least amount possible in retirement, I believe I have around $2500 in there. +* I currently have around $8000 in student loans. It's in default status right now because of covid and I am not sure what's happening so I have saving money instead of making payments. +* I will be relocating to NYC soon because my wife got a job there. She will be making $50K a year. We have to rent and it is estimated to be around $2300 a month. We won't be getting a car to save money. +* I have around $5000 in savings. I want to start a mutual funds but from what I am reading, I am not suppose to start any savings unless I have at least enough cash to last me 6 months without working.. + +I am not the most intelligent person but I am self aware enough to realize how much my life has been ruled by fear. I live a very frugal lifestyle and I have just been holding enough to cash because in the back of my mind, I am always afraid of losing everything. But I know that I need to start investing, I need to get a better job, and I am already late to preparing for retirement.. Being financial illiterate is not an excuse for me to live like this and I want to start taking tangible steps to achieve a peace of mind. + +Any experiences or advices would be greatly appreciated. Thank you for reading. +Hey guys + +I live in Sydney and am looking to buy in the next 12-18 months (when the prices \*hopefully\* drop). I currently got around 150k saved up and will probably have around 20-30k more in a years time. Earning around the 100k/year mark. + +I'm single (27) and I enjoy my privacy. Therefore, I would prefer not to rent a room out and am instead thinking of buying a studio/1 bed instead of 2 bed. However, my family has advised me a 2 bedroom unit is a far superior choice than a 1 bedder/studio if nothing but resale value alone. + +What is everyone's views? I am obviously going to do my own research but would like to hear your thoughts too! +Some experts are convinced that the bulk-billing rate is far lower: about four to six in every 10 visits to GPs. + +Leaked documents show one of the country’s largest telehealth companies, Phenix Health, has bulk billed some patients at the same time as charging them a fee, a practise that is illegal under the Health Insurance Act. + +However, Faux urged the government to make the review independent and broader. She estimated that up to $8 billion a year is being lost from Medicare due to fraud and non-compliance, which represents nearly 30 per cent of the $28 billion current annual cost of Medicare. + +The revelations come as GPs lobby the government to boost bulk-billing rebates, claiming bulk billing is in crisis and they can no longer afford to offer it unless the Medicare rebate is increased. + +https://www.brisbanetimes.com.au/politics/federal/medicare-rorts-expose-inflated-bulk-billing-rates-20221017-p5bqas.html +I've been in a constant state of burnout for 3-4 years, a constant cycle of work, go home, lay down, back to work, with no energy or motivation for anything else. + +On my weekends I usually sleep 90% of it away and just do something low effort like play on my PC (if I even have the energy for that)....sometimes I'll boot up the computer and just stare blankly at the screen for a few minutes, sigh, then go back and lie in my bed. + +I have an errand list that is constantly expanding, and I have little energy or motivation to keep up with it....outside of work all I want to do is lie down until the next shift, I need THAT much recovery time because I'm just feeling worn down by work, not only mentally but physically. + +I've taken 2 weeks off at a time and it was great while it lasted but not long after the burnout just sets right back in, and I've exhausted my vacation time. +From the 2014 Berkshire Hathaway Annual Report: +"Stock prices will always be far more volatile than cash-equivalent holdings. Over the long term, however, currency-denominated instruments are riskier investments – far riskier investments – than widely-diversified stock portfolios that are bought over time and that are owned in a manner invoking only token fees and commissions. That lesson has not customarily been taught in business schools, where volatility is almost universally used as a proxy for risk. Though this pedagogic assumption makes for easy teaching, it is dead wrong: Volatility is far from synonymous with risk. Popular formulas that equate the two terms lead students, investors and CEOs astray. +It is true, of course, that owning equities for a day or a week or a year is far riskier (in both nominal and purchasing-power terms) than leaving funds in cash-equivalents. That is relevant to certain investors – say, investment banks – whose viability can be threatened by declines in asset prices and which might be forced to sell securities during depressed markets. Additionally, any party that might have meaningful near-term needs for funds should keep appropriate sums in Treasuries or insured bank deposits. +For the great majority of investors, however, who can – and should – invest with a multi-decade horizon, quotational declines are unimportant. Their focus should remain fixed on attaining significant gains in purchasing power over their investing lifetime. For them, a diversified equity portfolio, bought over time, will prove far less risky than dollar-based securities. +If the investor, instead, fears price volatility, erroneously viewing it as a measure of risk, he may, ironically, end up doing some very risky things. Recall, if you will, the pundits who six years ago bemoaned falling stock prices and advised investing in “safe” Treasury bills or bank certificates of deposit. People who heeded this sermon are now earning a pittance on sums they had previously expected would finance a pleasant retirement. (The S&P 500 was then below 700; now it is about 2,100.) If not for their fear of meaningless price volatility, these investors could have assured themselves of a good income for life by simply buying a very low-cost index fund whose dividends would trend upward over the years and whose principal would grow as well (with many ups and downs, to be sure). +Investors, of course, can, by their own behavior, make stock ownership highly risky. And many do. Active trading, attempts to “time” market movements, inadequate diversification, the payment of high and unnecessary fees to managers and advisors, and the use of borrowed money can destroy the decent returns that a life-long owner of equities would otherwise enjoy. Indeed, borrowed money has no place in the investor’s tool kit: Anything can happen anytime in markets. And no advisor, economist, or TV commentator – and definitely not Charlie nor I – can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet. +The commission of the investment sins listed above is not limited to “the little guy.” Huge institutional investors, viewed as a group, have long underperformed the unsophisticated index-fund investor who simply sits tight for decades. A major reason has been fees: Many institutions pay substantial sums to consultants who, in turn, recommend high-fee managers. And that is a fool’s game." +Berkshire's annual report is a goldmine of wisdom. http://www.berkshirehathaway.com/2014ar/linksannual14.html +# Things money can buy: + +- Drugs +- Escorts, plural +- A 4K gaming PC - dual-monitor, obviously +- A lambo +- A fuckin' superyacht to tug your regular yacht +- Power/influence (more like these are actually all the same 'thing') +- Relief from the crushing weight of wage-slavery + +# Things money can't buy + +- Your parents affection +- Love and/or consideration +- Genuine and meaningful connections with people +- Self-fulfillment +- Absolute Control +- A way out of your massive naked short position on $GME +As much as you love the technology behind cryptocurrencies and various projects, 99% of people are here for money. + +And as much as they are supporters of cryptocurrencies, 99% of people do it to have more money in fiat currencies so they can achieve their goals. + +When trading with cryptocurrencies, we compare their value with the euro, dollar, pound, etc. Currently we are comparing the value of everything to our current fiat price. + +An international financial system such as crypto takes time to adapt and I can only imagine what awaits us in the future, but I belive that even then we will still compare value with traditional currencies. + +The main goal of crypto is decentralization. We all want it, yet when we take profit we take it from centralized place. Stablecoins are backed by traditional currencies, which are again centralized. +Going through some pretty crappy financial struggles right now. Seriously learning a TON of useful info on this sub, thanks for that y’all. + +Rather than going my normal route and constantly snacking, I’ve cut all that out so everything lasts longer and the kids can enjoy everything longer, I go drink two BIG glasses of water. Suddenly I’m not hungry anymore, groceries last longer, it’s essentially free, and I’ve lost about 8 pounds so far. All wins. Thanks everyone! + +Also: It is amazing how you can spruce up some basic rice and beans. Another recently discovered favorite. ✌🏼 +2 years ago I was doing nothing but borrowing money. I had a shitty car and barely made it. + +I took what you guys say to heart and turned that around. I was doing way better and had a savings but it still wasn't perfect. + +So I've taken a whole different approach to my finances this last couple months,I'm really noticing a change in my ability to enjoy life. + +4 months ago I started doing Instacart along with my full time job and school. I made a lot of money but I also ended up wasting a lot of it. I splurged on coffee, expensive date days, dinners and more. I was happy but it wasn't efficient. Not to mention the immense stress it put on me. + +2.5 months ago I rebudgeted everything, cut costs and made my day to day life more efficient. Less Starbucks, more aeropress. Less eating out more packing lunch,etc. + + I started saving over 40% of my income as an emergency fund, started my 401k, started investing and even more recently setup a second savings account for backup purposes. + +I do all of this while working less hours than before. + +Last week I took my Girlfriend to Disneyland and paid for almost everything, and j managed to do so without touching my savings at all. I consider that a huge accomplishment. + +As I look to move out sometime this year, or maybe even as late as 2017, I am working tirelessly to make sure I have this finance thing figured out. I have a lot to learn, and I want to ensure I can take on any potential burdens with finding my own place. + +It's a log road ahead, but I keep chugging forward. + +2016 is going to be a great year. +https://www.bloomberg.com/news/articles/2020-02-04/ford-s-forecast-trails-estimates-after-costs-mount-sales-slump + +— Earnings before interest and taxes will fall to a range of $5.6 billion to $6.6 billion this year, Ford said Tuesday, trailing analysts’ average estimate of $7.4 billion. + +— Fourth-quarter adjusted earnings dropped to 12 cents a share, trailing the average estimate of 17 cents. Automotive revenue was $36.7 billion, about $100 million more than the projection. + +— That sweet divvy skyrockets from 6.5% to 7.4%. + +Lol. +Hi Everyone, + +&#x200B; + +Let me give a short summary of my investing journey so far: + +\- started investing in 2014 with TD Ameritrade in the US, as it was the best broker available to me at that time, buying and holding VT. + +\- then PRIIPS came along and I wasn't able to buy VT anymore. + +\- opened an IB UK account in 2019, buying and holding IWDA + EMIM + IUSN to replicate VT. + +\- asked about Brexit when opening the account with IB UK and they told me they would probably move my account to an entity in Luxembourg, which seemed fine at the time. + +\- now they asked me to move to IBCE (Hungary), which I don't want to do because of concerns related to rule of law in Hungary. + +\- I asked them to move me to IB Ireland, but they said I need to have an account size of at least 150k USD, and I am not there yet. + +&#x200B; + +So now I have two choices: + +\- accept the move to IBCE and stay with IB, but I didn't want to do this in the first place because of concerns related to Hungary, and on top of that the way they treated me really rubbed me the wrong way. It's like "you're poor, you get sent to Hungary and don't have any choice", even though I will surely pass the 150k mark in a few years time... + +\- find another broker, the question is which one? + +&#x200B; + +My criteria for a new broker would be: + +\- to allow opening an account for me (Romanian citizen and resident) + +\- to be a safe broker, as I plan to keep investing for many years and continuosly grow my account size. Here it's important how they are regulated, what protection they offer, their history, size and reputation. + +\- to be able to buy Irish domiciled ETFs on European exchanges with reasonable fees + +\- to have no custody fee and preferably no inactivity fee (although I could make an exception for that) + +\- to allow account transfers to other brokers + +\- to allow EUR as base currency and accept EUR deposits + +\- based in the EU or the US + +&#x200B; + +So far I've ruled out: + +\- Degiro - not available in Romania + +\- Saxo Bank - custody fee + +\- Swissquote - very high fees (30 EUR per trade on German exchange) + +\- Trading 212 - read a lot of complaints about them, don't seem safe for the long run, not sure how they are handling Brexit, and they don't allow account transfers to other brokers without liquidating the positions. + +&#x200B; + +I am currently considering: + +\- Swissquote Luxembourg (formerly Internaxx, now owned by Swissquote): 15 EUR per trade, 15 EUR monthly fee (waived if you do at least one trade), banking license, seems reputable, but also seems like a small broker so I'm not entirely sure about them. + +\- Zacks Trade: 12 EUR per trade, no custody or inactivity fee, US based offering SIPC protection, accounts held at IB LLC, but there doesn't seem to be anyone using them, and I'm not sure what other regulations will come into place in the future forcing me to move from US brokers entirely. + +\- Flatex: 5.90 EUR per trade, no custody or inactivity fee, German based, recently acquired Degiro, seems reputable and on the rise, but I've read complaints about them and their interface seems to be only in German, which I don't speak. + +\- Tradestation Global: I asked them if they can take over my IB UK account and move it to IB Ireland, waiting for a reply, but I'm not holding my breath. + +&#x200B; + +What do you think? Do you have any experience with any of the brokers mentioned above and which would you recommend? Would you recommend another broker that fits my criteria? + +&#x200B; + +&#x200B; + +Second topic: if I were to invest in a single Irish Domiciled accumulating ETF that is a close as possible to VT, as far as I researched that would be VWCE. + +What do you think and do you have any other recommendations? + +&#x200B; + +Third topic: is there now in 2021 any reasonable way to invest directly in Vanguard mutual funds as an EU citizen? This was not the case in the past, but maybe things have evolved. + +&#x200B; + +Thanks for your answers! +My (M38, Eastern Europe) current net worth is currently split up as: + +* 30% is the value of my apartment +* 20% in stocks - been selling since February, only VWCE remaining now +* 25% in cash - I have just taken a mortgage, and around half of this is reserved to cover the upcoming downpayment +* 25% in crypto, including stablecoins + +It seems that all classes of assets are going down now while inflation is going up, and some speculate that a recession is inevitable. I am worried that my monthly mortgage payments will go up a lot as the interest rates rises, and that at the same time my investments will keep going losing their value due to a recession. + +I have a couple of ideas what to do next to hedge against this: + +\- invest in commodities like gold + +\- keep a lot of cash for the next year or so, see if there is a recession, then get back in stocks, potentially at a "discount" prices + +\- keep a lot of cash even longer so that I have the option to pay back the mortgage faster if I want to + +What do you think about these ideas? +I have some AT&T and Disney shares in Revolut. + +I am thinking of selling them and buying them immediately in Trading212 because of the following reason: + +When I receive dividends, Revolut taxes my earnings 15%. However, I live in a country which does not tax dividend income and income from stocks. Trading212 does not deduce any tax itself, but leaves it up to the person. + +So if I move my shares to Trading212 I won't have my dividend earnings taxed by 15%. Is what I'm saying correct or am I missing something? + +&#x200B; + +**Edit: So it seems the 15% are US taxes, so I won't be able to save on those. Thanks guys!** +Hi, due to circumstances I have about 20.000 euro on my bank account. I am 19 yo and starting my first year of college in september. I live in the Netherlands. I won't spend money while in university due to it being paid for (also other expenses while there). I also have about 10.000 euro in 0.0% debt, which might start having interest soon, which I plan to pay off if it changes to having interest (it's from government educations loans). Does anyone have ideas of what I should do with this cash, and if I should do anything else with the 10.000 euro while there is no interest? Is the right forum for this? Thanks a lot +Hi, +I am Brazilian living and working in Spain. Tried to open accounts in Degiro and Selfbank but they require DNI and as a foreign residents I only have the NIE, and they did not accept it. Tried with my passport and they did not accept it as well. + +Any suggestions of good brokers to invest in ETF that accept foreigners like me? I have a good salary and no debt, so it is strange not to be accepted. I am able to open bank accounts in major banks but they don’t seem to have an easy way to invest in ETF, or do they? + +Thanks! +I've been in Germany since 2016 and have been investing with Scalable Capital's Wealth Management product since 2019. (Side note: my ESG-80 portfolio isn't looking too pretty right now at -9% (time weighted) with the way the stock market is right now, but presumably it will pick up some day!) + + +My question is this: If I move to Ireland, let's say in 5 years time, what are my options for my Scalable Capital portfolio? Scalable Capital is not currently available in Ireland. What advantages / disadvantages are there with each option? + +Here's what I know so far: + +**Option #1** +Move the funds to a similar product that is available in Ireland. Ideally I should do this at a time when the portfolio yield is at least at 0% to minimise financial losses. + +&#x200B; + +**Option #2** +Stay with Scalable Capital but as a tax resident of Ireland, not 100% sure if this is possible, but I think it is from what I've read in this subreddit and elsewhere. Pay an accountant in Ireland to handle my tax reporting obligations there. + +&#x200B; + +Probably there are other options, but I'm curious what wisdom / experiences there are in this group. + +&#x200B; + +Thanks in advance :-) +I have used Degiro for some small investments but I am abandoning this idea due to the tax implications and administrative burden that a monthly investment would require in Ireland. +I have seen previous posts that Ireland makes it difficult to invest in anything other than property. +Does anyone have any advice on a passive monthly investment that is not a savings account? +I appreciate any advice! +Thanks +Hi! I'm having this dilemma for a while: I saved around 20k for the Safety Fund (around 6m expenses - yeah, I live in an expensive country and I'm a freelancer). I am super annoyed at the inflation eating it away and I wonder in which financial instrument(s) should I keep this fund. The interest of savings accounts is a joke and I'm thinking about Government Bonds (in EUR) - either directly or through an ETF. Does anyone else have the same dilemma? How do you do it? + +**Later Edit:** I already have a 5k emergency fund in cash in case I need a new laptop or stuff like that. The "safety" fund is meant to cover 6m of living expenses (for me and my wife) in case I remain without a contract or we have to move countries or something similar. Since event 1% at 20k is 200 eur, not capitalizing on it is kind of annoying :( +I've been in Germany since 2016 and have been investing with Scalable Capital's Wealth Management product since 2019. (Side note: my ESG-80 portfolio isn't looking too pretty right now at -9% (time weighted) with the way the stock market is right now, but presumably it will pick up some day!) + + +My question is this: If I move to Ireland, let's say in 5 years time, what are my options for my Scalable Capital portfolio? Scalable Capital is not currently available in Ireland. What advantages / disadvantages are there with each option? + +Here's what I know so far: + +**Option #1** +Move the funds to a similar product that is available in Ireland. Ideally I should do this at a time when the portfolio yield is at least at 0% to minimise financial losses. + +&#x200B; + +**Option #2** +Stay with Scalable Capital but as a tax resident of Ireland, not 100% sure if this is possible, but I think it is from what I've read in this subreddit and elsewhere. Pay an accountant in Ireland to handle my tax reporting obligations there. + +&#x200B; + +Probably there are other options, but I'm curious what wisdom / experiences there are in this group. + +&#x200B; + +Thanks in advance :-) +My child is 1 year old and she gets some money from the government, I add a small amount and she "earns" 100euro every month. How can I invest 100 euro per month for 20 years for my child? I am thinking about ETF but it may be a bit risky. Investing 100 euro may not seem much but I would like her to earn more from compound interest. It would be great after 20 years to be able to make a choice and even continue contributing to the ETF 40 years or more(Can I buy ETFs on behalf of her?).Banks offer some kind of child plans but it seems it does not cover inflation. In my country you can also get some good money from real estate. What are your thoughts? +Hey, + + +I've been reading the FAQ/Wiki here and in r/Finanzen and piecing together bits and pieces, but struggling to nail down a plan based on possibly reading too much. + +I'm a 31 year old Brit living in Germany since 2017, and spent most of that time being awful with my money. In the last few years I finally learned to budget and managed to save a good amount of money for the first time ever. Now, I'm trying to focus on my pension/retirement and can't work out exactly what to do. + + +I have had a couple of pensions in the UK, for most (possibly all) of which I have at least some documents. They won't be worth much at all, but hey, it's my money. My intention is to contact them individually to ask about moving that money to... Somewhere? + + +So I guess that's the first question. How do I go about consolidating that money here in Germany? (I don't intend to leave). + +&#x200B; + +I have of course been paying into the state pension in Germany as long as I've been here, but also had an employer-funded pension (betriebliche altersvorsorge) with my most recent employer. I recently left that employer for a company who don't offer such a pension to my knowledge. I know very little about that pension other than what it's currently worth. +I believe I could contact the company with which I have/had that pension and switch to a private pension instead, but as they (AON) seem to lack any kind of web-portal or transparency at all I'd prefer at the very least to open a private pension with different company. + +I keep reading however, that private pensions just aren't as worthwhile as investing myself. So I guess the next question is: Is it worthwhile to open a private pension in Germany rather than, or in addition to, investing my savings myself? I feel I'm still plenty young enough to make some riskier investments, but would like it to at least be somewhat passive. + +&#x200B; + +An additional spanner in the works, would be that I intend to take a year or so off from work in 2-3 years to travel (maybe work and travel). I'm sure that goes against the mantra of a personal finance sub, but it is the plan. With regular deposits into a pension fund or into buying ETFs the norm, would I be better off waiting until after this year off to really start, or is it something I can easily pause? Of course, if the money I'm saving for my year off could also be a part of my investment plan (temporarily) that would be a bonus. + +&#x200B; + +Wow. That ended up being a lot... + + +Thanks in advance, anyone who answers is already a legend in my books. +Hello, +I am a non eu resident living in Germany as a student. I got interested in ETF few months ago. I have a vivid bank account which lets me buy some ETF's( There are only 5 options like vanguard ftse em etf, ishares msci emu etf). I want to invest very small amount( 100 euros initially ). Are these two etf's good options for me? Should I choose other apps/etf's? + +What should I look for when investing? Should I worry about taxes on them? +Hi! I'm having this dilemma for a while: I saved around 20k for the Safety Fund (around 6m expenses - yeah, I live in an expensive country and I'm a freelancer). I am super annoyed at the inflation eating it away and I wonder in which financial instrument(s) should I keep this fund. The interest of savings accounts is a joke and I'm thinking about Government Bonds (in EUR) - either directly or through an ETF. Does anyone else have the same dilemma? How do you do it? + +**Later Edit:** I already have a 5k emergency fund in cash in case I need a new laptop or stuff like that. The "safety" fund is meant to cover 6m of living expenses (for me and my wife) in case I remain without a contract or we have to move countries or something similar. Since event 1% at 20k is 200 eur, not capitalizing on it is kind of annoying :( +Hey, + +I'm looking for a broker and originally wanted to go to Degiro. However I have noticed Interactive Brokers mentioned around here lately (now that they supposedly dropped the inactivity fee and minimum balance requirement). I'm a small investor, interested in ETFs and maybe some stocks but I don't want to trade or anything, just buy once in a while. + +I am a bit confused about Interactive Brokers as I thought that it's mostly a US-oriented broker. Could anyone who has got experience with it please tell me how it works for Europeans? Can you buy the typical European ETFs there (e.g. VWCE)? Is there anything I should pay attention to as a European (fees etc.)? + +Which one of the two would you recommend? + +Thanks! +In less than 12 hours the Chinese markets open. For those unaware, they have been closed the last 2 days for holiday in China. Looks like approximately 9:30 am over there is the open, which puts us at about 9:30 pm EST. + +That's when the Evergarde shit will hit the fan. Multiple things could go down: + +1.) CCP announces a bailout for them. Unlikely currently, but NOBODY wants a repeat of 2008. + +2.) MASSIVE crypto pump today. Like all the big ones (ETH, BTC, etc) see gains of 4-5% or more. This could be indicative of a coming dump on Wednesday/Thursday. Beware of seeing pumps close to 9pm tonight (EST). + +2a.) ...But also, the dumpage yesterday could mean a massive rebuy of crypto that could be hiding assets of those that invested in Evergarde. It *could* be a good thing if we see prices in the green today. However, that boils down to money laundering, so if that IS the case, expect a response from the Fed on US soil in a week or 2 clamouring for regulations if this is the case. + +3.) The markets will be dumping hard. Stocks, bonds, and crypto to liquidate. It most definitely affects global markets just like the 08 crash did (though not as large). Expect to see drops on futures, and throughout Wednesday and Thursday. Friday might see some corrections from this. + +4.) Crypto is going to be liquidated first. Honest truth and a hard truth. It's intangible digital money. And even will all the evidence of "practical us", it can't be used for shit and smart economics says ditch it first. Think of how much you buy with actual cryptocurrency (not crypto you converted to cash) and realize this is mostly true.You get your cash assets out of it to bail yourself out of their junk bonds and bad margins. After that, liquidate stocks as well. Same shit. + +5.) There could be an impending downturn for major crypto. BTC sub $35k, ETH sub $2200. This shit scares everyone. + +6.) Maybe this is all wrong and the crash part happened yesterday and now it's green dildos for the rest of September. + +TL; DR: September still sucks for crypto. But I think we will bull run in October when this shit settles the fuck down. +Calling all autists. GameStops Q4 ends January 30th which means there are 10 days left to juice their earnings. Based on the [2020 holiday sales report](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-2020-holiday-sales-results) they released a few days ago, we know there were highlights. 4.8% YoY increase in same store sales. 309% YoY increase in e-commerce sales. But YoY total sales dropped by 3.1% (~$60 million) This news is all priced in the Q4 earnings call should be a non-event UNLESS.... + +If we really want the price to go up, we should 🚀🚀juice 🚀🚀 GameStop earnings over the next 10 days. A significant and unexpected earnings or revenue beat will moon this stonk. Seriously, imagine them saying on their next earnings call “due to unprecedented sales in the last few weeks of the quarter, we beat 2019 sales by 10% and are seeing a +A dramatic acceleration of our e-commerce business.... “ + +If you own the stock or are on the sidelines enjoying this epic story, go buy something from GameStop tonight. If all 1.9 people in this sub bought a single game or other item, GME would BLOW revenue expectations away. Not a gamer? That’s OK buy a [Google Play ](https://www.gamestop.com/products/google-play-gift-card-50/10138910.html?condition=Digital) or [iTunes](https://www.gamestop.com/accessories/mobile/products/apple-itunes-100/10120241.html?condition=New) gift card. You eat right? Buy a [DoorDash](https://www.gamestop.com/nav-gift-cards/products/doordash-50/11102115.html?condition=Digital) gift card. Want to commentate this battle of the ages, buy this big [MF’ing Battle Axe](https://www.gamestop.com/toys-collectibles/collectibles/figures/products/avengers-endgame-thors-stormbreaker-electronic-axe/11103941.html?condition=New). + +Seriously get out an support the cause!! You can literally spend exactly what you spend in everyday life and funnel revenue through GameStop to support you fellow autist!! NO EXCUSES. Tell your friends, brothers and sisters, sons and daughters. Let’s juice this puppy the old fashioned way. +EDIT1: to some people saying "I'm a shill and this is FUD" - just try and get a wrinkle and think first. Smaller hedge funds covering will actually trigger the MOASS. They're fucked anyway, so it's in their (and our!) interest to start covering. As /u/seppukkake eloquently put it: + +>think of it more as a hedge fund human centipede, you'd really rather really be in front. + +&#x200B; + +\*\*\*Disclaimer: not a financial advisor, just an ape contemplating life, my future lambo and my wife's boyfriend while having a shower: + +If you're a small hedge fund that is (heavily) short on GME, circumstances to cut your losses and get out now are probably the best they'll ever be: + +* Price is as low as it's been since March 4-5th, courtesy of your fellow big brother HFs. Covering is thus relatively cheap. In the case of an announcement that GME will start paying its hodlers dividends, everyone will scramble to cover to prevent having to pay those dividends. **If you're short on a stock - the shorter (you) will have to pay the dividend.** With the large blocks of stocks the big bro HFs have, you won't be able to get rid as cheaply as you would now. This gets even bigger if they ever announce a GME crypto and decide to pay dividends in the form of that coin. **HFs cannot get their hands that crypto since it's being given out by Gamestop, they cannot pay dividends if they're short and thus they will scramble to cover**. Be smart and cover before your big bro takes back the Playstation 2 controller +* Announcement of a large chunk of debt being paid off by **cash on hand** nullifies one of the biggest reasons why everyone was so bearish on GME in the first place. Also, keep in mind that there's no reason to pay off debt now that's due in 2 years if you didn't want to give a signal to shareholders that it's going the right way. Seems highly likely to me that they both encourage stock holders and hopefully also reward them by paying out dividends soon. +* Announcement of RC going to head up the board and looking for an outside CEO should probably scare you. It's been speculated that RC is/was backed by Blackrock, so do you really want to face off vs. RC and **the biggest asset management company in the world (8.67 trillion in Jan 2021)???** More and more evidence is emerging that Blackrock is long on GME, that should probably tell you enough already. This is not even mentioning a possible **share recall** **from long whales** while all retail investors are also trying to recall their shares in time for the annual shareholder's meeting. +* Reddit smooth brains are **seeing the shady shit you're pulling with dark pools**. If crayon-munching primates can understand that's illegal and shady as fuck, you should be able to grasp that this is a situation you need to get out of ASAP before governing bodies like the SEC with our friend Gary Gensler as chairman are **going to bring down the hammer that's called Dodd-Frank Act 2.0**. +* This week and next week are full of potential catalysts. Without mentioning a date, I think we're about to see a huge uptick at least. **If you're short, cover it before that uptick. It's basic maths and I know you've been doing maths at school while we were eating crayons.** +* /u/DeepFuckingValue has some call options that expire soon, remember? [His poll on twitter](https://twitter.com/TheRoaringKitty/status/1381366520702468098) is due to close at the end of today, meaning he will probably exercise them today or tomorrow. Even if I think the result of the poll won't by any means influence his decision, if you're as bullish as he is you will exercise them to turn 10x profit into >10,000x profit. Seriously though, **you know he's going to put out another YOLO update either Thursday or Friday which is going to be the spark that ignites all the fuel retail has been buying and hodling.** + +I probably missed a lot of points but at this point my fingers were as wrinkled as /u/DFV's brain and my wife's boyfriend was calling me because he wanted to take a shower too + +**TLDR; hedgies fuk. Roket fueled. Catlysts everiwher. @ small hedgies: be smort and cover your shorts before big bro Kenny G is forced to and you are left with the bag** + +Thanks for coming to my TED talk +Given the high cost of residential property how do you factor the diversification risk if you own your PPOR? +As I see it, while the family home is an “asset” it kinda sits in its own column as it isn’t intended to generating an income nor does its appreciation really factor into the equation- it’s a lifestyle expense. + +on the other hand, it is still quite a large amount of our net worth and as a result to buy an investment property would be doubling down into an asset class we are arguably already too heavy in. + +Just curious to your perspective on this. +I'm 38 years old and just learned that I was being laid off. I am super happy. + +Since college I have always aspired to retire by 40. When I tell other people my goal, they laugh and call me crazy. I have never been deterred. I have watched my expenses and maintained a healthy income and struggled to get to the goal. Things looked pretty bleak for a long while. I had a divorce along the way with 2 kids from my ex. She was a drain when we married and then took half of my shit when she left. My new wife brought resources into the marriage, for which I am grateful. However, she wanted to have kids as well, which meant she would take off for about 6 years and burn through that nest egg she had accumulated. I would also have two more mouths to feed. Of course 4 kids take up some serious space, so it was also necessary to buy a giant house to put them in and a giant SUV to haul them around in. I figured that I was going to have to readjust my horizons and maybe look for a mid-50’s retirement date, ruined by the women that I have loved. + +Then things mysteriously started to improve. My wife went back to work a couple of years ago. The winds of fortune were blowing in our favor. After a few false starts and interviews that were dead ends, she finally landed a pretty good gig a little outside her comfort zone. Her salary was more than mine and almost twice what we expected her to get after such a long hiatus. Our lifestyle did not change in quantity or quality. The only big expense we incurred after she went back to work was taking on a nanny. Almost all of my wife’s income went to augment an already healthy savings rate. Last year, after we got our bonuses, we had a bunch of cash lying about and I didn’t want to put it into the markets, so I bought a house from the bank at auction. I took a week’s vacation and fixed it up then rented it out. It felt really good and I got a great profit on the front end, as well as a good ROI. After the cash started to re-accumulate, I decided to do buy another house, and then another. Now we own 4 rental houses which have all been renovated and are in fine shape. + +I started to test the water by telling my wife and friends that I wanted to quit my day job and become a full time landlord. To my surprise, after seeing the work I had done on those little houses, nobody laughed at me. My wife was actually supportive of the idea and suggested that I should set a date and make a plan. I drew up a plan for the business, opened a new banking account, went to the bank collateralized the property and a got a healthy line of credit, printed up some business cards. Took my insurance plans to market and shopped them around rationalizing my exposure and expense. Then, I bought a big ass work truck. I put some new ink in that old inkjet printer that we haven’t used in years and devoted our guest house to be my office. Wow, I think I actually have a legit business, albeit a small one. + +I did the math. Without the nanny, we require about $6,000 per month to live very comfortably. The incoming rents net $3,400 after taxes, insurance, and healthy expense accrual and vacancy allowance. Our net worth would easily bridge the difference at a 4% draw. My math shows that if my wife and I both quit, we would still be saving money on a monthly basis! That’s the absolute rock bottom worst case. In reality, my wife will continue to bring home around $10K per month after all taxes and hold backs like 401K and such. She says she will not even consider retirement for at least 5 years. And who knows, I might actually eek out a dollar or two from this real estate thing over the course of the next 22 years. + +So, I said to myself, “Self, this is real, this is what you have always wanted, and you can actually do this! No more working for the man. No more conference calls. No more looking at a beautiful day from inside a big glass box. No more hand hold and ass wiping. No more performance reviews. No more work travel. No more bullshit!” + +Honestly, even after checking and rechecking my math, I became somewhat anxious about it and not sure why. I decided that I would cautiously move forward and not allow myself to stall out because I was scare of the unknown. I actually can thank this forum, for helping me summon up the courage. I normally get an annual bonus which is a significant % of my income. Therefore, back in October, I decided to wait until my next bonus hit my bank account and then give my 2 week notice. My wife agreed with the plan. + +During my annual performance review, we got into a discussion about our upcoming corporate reorganization. My boss showed me where I was to fit into the new org chart. We went over who would stay with the company after the reorg, and who we needed to let go, also what positions we needed to go out to hire. He explained that I would be heading up a new area of the organization and I would have a bunch of new direct reports located in an office far far away. I would get a big healthy pay raise and promotion and lot of exciting new challenges. All I heard was “You will get longer hours, more hassle, and lots of travel, plus you’ll get to pay even more taxes!” After waiting around for an extra 4-5 months for this bonus I decided to take a big chance and finally be honest. I sighed and told him, that I was not at all pleased with his proposal and that I didn’t feel like I had a role in the new organization and looked him in the eye and asked him to lay me off. + +That could have ended badly. He could have just terminated me for not playing ball, withheld my bonus, or both or worse. I didn’t hear anything for two weeks and I sweated in silence. The next time I talked to my boss was when he called to tell me the bonus would be paid the next day. So, from that point forward I had the green light to quit. However, I decided to hold on a bit and see if I could get some severance pay out of the deal. I skulked around the office, trying to avoid any real situations. I didn’t hear anything for about 3 weeks after that. It was pretty stressful time and I was drinking away my troubles at home. Finally my wife encouraged me to just go ahead and quit and stop worrying about it. OK, OK, I decided she was right and I would just quit. However, I decided to book a week’s vacation first, and then submit my 2 weeks when I returned if the situation had still not changed. + +When I returned, my boss asked me to come in and catch up. He had HR in the room, Uh-Oh. I smelled blood in the water. He said, “I am sorry to say that your position is being eliminated and we are going to terminate your employment.” I felt like a gambler being dealt a pair of aces. I looked up in my most sorrowful face, “I am so sorry to hear that. What can we do to create a good transition?” He then presented a package deal where I will work for 3 more months and be paid 8 weeks of severance at the end of that time. Then I will receive a consulting contract that will be paid regardless of whether or not they use the time allotted. Also they will continue benefits through the end of the year at no cost to me. Somehow, I have managed to turn a simple resignation into a big fat payday. + + I have a date now. On July 1, I will wake up a free man. + +This has honestly bothered me for a while now. I am 26 years old (in the US) with a decent-ish government job and I am slamming money away into a 457(b) program and all that, but I can't help but feel that it might end up being pointless. I hope to retire around 55y/o, but I could envision the market getting wrecked by that time due to climate disasters. + +I know the market historically averages \~7% per year, but the odds of ideal market conditions continuing to 2050 just seem so low. Does anyone else feel pessimistic about the financial market leading into the future? It just keeps getting harder and harder for me to justify investing rather than leading a better life now while the opportunity is still there... +President Trump abruptly issued an executive order on Thursday demanding an evaluation of the Postal Service’s finances, asserting the power of his office weeks after accusing Amazon, the online retail giant, of not paying its fair share in postage. + +In the executive order, issued just before 9 p.m., Mr. Trump created a task force to examine the service’s “unsustainable financial path” and directed the new panel to “conduct a thorough evaluation of the operations and finances of the U.S.P.S.” +Hello all! Absolutely love this sub, I know a few of you will have been in my position so I'm looking to get advice. + +I hate my job. I am 28 and have substantial savings for my age but nowhere near enough to retire on (<£100k). I have been applying for new jobs at startups and failing, so have concluded I need more time to develop more relevant skills, eg programming languages etc. + +Anyway, I asked my boss about dropping down to four days per week and he said no straight away. I was a bit surprised because he works a four day week! I still haven't had the 'official' response from him (I first asked in a casual 121) but now I am just thinking, f--k it might as well quit. I hate that job and the four day week was just a compromise in my head because I was scared to just leave. + +Has anyone ever taken time out like this? Is getting out of employment altogether a bad idea? Did it actually lead to bigger and better things for people or did you just end up getting any old job to deal with lack of income? How did it affect your plan for FIRE? + +I really want to work towards my 'dream' job, tired of working for a big corporation as it feels like I'm standing still professionally. BUT I also don't want to do a crappy 'gap year' and leave myself poorer and less employable than before. + +Advice, anecdotes, criticism, all welcome! Thanks for reading. + +Edit: Hi everyone, thank you so much for taking the time to read this. I've learned lots already, mainly that + +1) I need a solid plan. I've already applied for some bootcamp scholarships so that solves the ol' gap in the CV problem + +2) The FIRE community definitely needs a definitive definition of F*ck You money. I think that may have been what outraged people the most. + +3) This was the right place to come for honest and thoughtful advice. People laugh when I try to make important decisions with Reddit but it truly is an amazing resource! +As many of you are aware there has been a sudden influx of new investors and new users joining our community. I was debating whether I should make a post, because I may take some heat for this. + +The Dems now have control of the house, the senate and the presidency and Chuck Schumer made his intentions clear that cannabis reform is a top priority this year. Because of this, the hype is back and the number of posters and comments has increased dramatically. + +My concern is that I'm seeing a lot of misinformed posters spreading false information and making misleading claims. Daily, there are comments with false or inaccurate posts. The most egregious one is the recent APHA/Tilray pump that has been happening all over reddit. If you look at any of the big investing or stock forums you will see a daily post about how APHA/TLRY are the best way to play U.S. Cannabis legalization. + +The reason everyone needs to be careful with this is because Apha and Tilray don't have a single license to grow or sell cannabis in the United States. If you want to play the U.S. Cannabis boom, you should be looking at investing in American companies, CGC or the sleep-easy pick MSOS ETF which holds all the top U.S. pot stocks. + +**Again, Apha/Tilray are a Canadian producer that owns a small U.S. craft beer company without a single license to grow or sell cannabis in the United States.** + +Claiming they will be "the world’s biggest cannabis company." will be short lived at best as they most likely won't even be in the top 5 when U.S. decriminalization occurs. Curaleaf, Green Thumb, Cresco, Trulieve are all U.S. multi state operators and they are all top players and well positioned to continue domination the U.S. + +I'm also seeing A LOT of comparison between APHA and CGC with people claiming that Aphria will move up to match Canopy's market cap. CGC is well positioned as well as they are backed by Costellation Brands (STZ), a fortune 500 company who invested $5 billion in them and they have used that money to open their own wholly owned retail stores, a beverage plant, they have Biosteel sports nutrition which is the official drink of the Raptors, Sixers and Mavericks, Martha Stewart CBD, they have several celebrity (Seth Rogan, Martha Stewart, Snoop Dogg) and athlete endorsements (Patrick Mahomes, Gleyber Torres, Ezekiel Elliott and Conor Mcdavid), This Works cosmetics, Storz & Bickel, and they sell CBD pet products as well. And of course, a clear path of entry into the U.S. via the acquisition of Acreage a U.S. multi state operator in 15 States with 29 open dispensaries and 7 production facilities. they also have a 21% stake in Terrascend another U.S. MSO. + +Aphria has none of what I mention above. It will be extremely difficult for them to surpass any of the top players in the space. Once the APHA/TLRY merger is completed, their combined company cash to debt position will be alarming and will need to be addressed. On top of that, the only way for them to enter and compete and get licenses in the states is to acquire a U.S. multi state operator and the only way for them to do it is by raising $$ by diluting shareholders. + +Edit: + +Aphria and Tilray will need to start at ground zero and play catch up, but US companies on the other hand are already established and have a large foot print in multiple states with several stores, facilities and dispensaries. + +**Aphria/Tilray: 0 states, 0 facilities, 0 stores** + +**Top U. S. OPERATORS** + +**Curaleaf:** 23 states, 30 facilities and 98 retail locations + +**Green Thumb:** 12 states, 13 facilities and 52 retail locations + +**Cresco:** 9 states, 15 facilities, 20 stores + +Again, there is a lot of misinformation being shared right now about APHA/Tilray, the biggest one being that they are a strong play for U.S. legalization. You would be better off going with literally any of the U.S. multi state operators over them or MSOS. + +With that being said, if you have recently joined this community and are looking to play the U.S. decimalization/legalization cannabis boom, this is a generational opportunity that has the potential to change your life if you invest in the right companies. + +Please do your due diligence and fact check what you read before making any financial decisions. Although some people genuinely do come on here to share knowledge, remember that an internet stranger does not care if you make or lose money and in many cases will only be pumping their own bags. +I think it's important for new investors to understand some basics of business strategy. Below I have decided to use a basic strategy framework to describe how market forces will effect a lemonade stand. + +**Porters 5 Forces and a Lemonade Stand** + +Porters 5 Forces model is the classic framework for analyzing business competition and potential profitability. It is one of the first things introduced in a quality business school curriculum and has been referenced for decades. At it’s highest level, this model looks at expected external factors and how it will effect profitability. + + +**Billy gets some lemons and opens up shop on the sidewalk. Here are some threats he will face:** + + + +**1. New Entrants** +Billy’s friend Colin sees that there is demand for Billy’s lemonade and decides to open up a discount lemonade shop. Now that there are two stands, Billy will have to lower the price of his drink to compete or no one will come to his stand anymore. + + + + +**2. Substitutes** +Billy’s other friend Joey hears that the cool kids drink iced tea in the summer. Joey opens up a tea stand, and more of Billy’s business falls off. + + + + +**3. Bargaining customers** +There are now two lemonade stands and one iced tea stand. The thirsty people realize that the drink stands are competing. Sally approaches Billy and offers him 50 cents for a cup of lemonade, even though he’s charging a dollar. But since Sally is the only one there, Billy gives in an reduces his price. + + + + + +**4. Bargaining suppliers** +Due to a large hurricane that destroyed 4 out of the 5 top lemon groves in the world, the one undamaged grove is raising their prices. With a higher lemon cost, Billy’s profit takes a hit. Is this the end? + + + + + +**5. Rivalry** +Although discouraged at first by the competition, Billy realized that there were actions he could take to improve his business: + + + +*His mom shared her secret recipe for purple lemonade and all the kids love it. No one else can figure it out. + +*He hosted a ladies night where the first 10 girls drink for free. All the boys came to hang out and were thirsty too. + +*When competition caused profit to fall, he started to think of the cheap low-margin lemonade as the advertisement, and focused on upselling popsicles when customers arrived. + + + +This, in a nutshell, is how competition drives innovation and ultimately benefits the consumer. This example also underscores the huge importance of finding your competitive advantage and building a sustainable moat in order to mitigate the impact of these external forces. + +Thankfully, Billy was able to stay in business due to the innovation of his purple lemonade and the enduring demand for popsicles. Meanwhile, Colin and Joey failed in their ability to pivot. The realities of competition caught up with them and they paid the price– literally. + + +Please let me know if you find value in this, or if there are other related topics you are interested in learning more about! + +-Paul +So it’s not crazy life changing but when I was at uni, I maxed out my overdraft because *freeeee money (lol, stupid). Anyway, that’s -£1500. + +Then, I decided I wanted a new TV in my room because I didn’t have one and spent a bunch on my credit card. -£650 + +Last week, I paid it all off in full and now I’m at £0 on both those cards. + +I don’t have any savings but at least now I can start because I’m not paying those off anymore! + +Anyone know a good way of separating money and saving every month? I get £1300 take home. (I know it’s not a lot, but I have a couple of job interviews next week for higher paying jobs which will get me like £400 extra a month! - so wish me luck!). +I’m not very frugal at all. People tell me about gas prices and I just stare at them blankly because I haven’t the slightest clue how much gas costs because I don’t pay attention at the price per gallon. I just fill up my car and pay the total and I certainly won’t search for a pump that is slightly cheaper. Similarly in grocery stores. I have NO idea what is a “good deal” or sale price on some items (fruit etc). I simply buy whatever I want without consideration of price. I just know that one grocery shop will range from $50-$100 usually. Same with restaurants. I’ll just buy whatever I want without considering price. + +Recently my mom was telling me to turn off my air conditioner since we would be gone all day and it sort of surprised me. Again I don’t really pay attention to the specifics of my power bill, I just know it will cost around $40 per month. Managing my AC might cut it down by $5-10 but it doesn’t seem worth the effort to me. + +I am sort of frugal when it comes to larger purchases like flights, electronics etc. I’ll do a lot of research to figure out the best bang for my buck. But admittedly I’m a bit bad with budgeting and spending. How frugal is the average person on necessities like gas, groceries, utilities etc? Does waiting an extra day to fill gas or going to a different location for a slightly cheaper price really add up that much in the long run to be worth the inconvenience? +Finally getting my red badge of courage tomorrow. Going to be assigned: + +300 QS at $55, a bit of an ouchy. My wife is going to get 400 shares and she won't let me sell CCs until it gets to $130... I have not decided what ccs I want to sell yet. The call prices for next week kind of suck right now. + +200 Shares of TQQQ at $90 and maybe 100 at $80. Lets hope we get a bounce in Nasdaq next week... + +My wife might get 100 shares of PLTR also. It is playing cat and mouse with that $25 level... +I just had an idea that's wsb level retarded but that I also can't fully shake. + +I know all about and fully agree picking up pennies in front of a steam roller is a bad idea. That said, there's arguably a way to make doing that as safe as possible. + +The lowest price for which an option can be bought back (at least as far as I can tell from my retail platform) is $0.01. That means the most opportunity for taking advantage of that is in selling options priced at $0.02. (not $0.03 or any other price - $0.02 gives us the best ratio to exploit that quirk) + +Quite often, there will be multiple strikes and dates where the ask is $0.01, $0.02 etc etc. + +If we study the chain and live in the land of options that are just teetering on the edge of being repriced from $0.02 and $0.01, and sell those options for $0.02, we can buy the option back potentially in minutes, hours, or a day or two for literally half the price. + +In the worst case scenario that there's a change in price or volatility, and the price to close goes to $0.9 or whatever, it's still extremely unlikely that the option will ever actually become in the money, but in order to limit the duration of time we're underwater on that option, we'd be looking at short duration options - weeklies or dailies or even an hour before close or what have you. + +The only problem is you need a lot of money and leverage to make it work. For kicks, I'll use GME as an example (for obvious reasons, it would not be a good underlying for this strategy, but whatever, it's just a fun example) + +The 7/16 $25 put is priced at $0.02 and is probably teetering on the edge of being priced at $0.01. Selling 500 of those gives us a credit of $1000, but we need $1,250,000 to sell them. Successfully selling options like that and buying them back for half the price 52 times per year makes us $52,000 on $1,250,000 which is 4.16%. God knows what the risk adjusted return or percentage is, I have no idea how stuff like that works, this is reddit, curb your expectations. + +If the option does go in the money, or if the underlying goes bankrupt or whatever, you would be destroyed. No matter how much I think about it, this is the only flaw I can see in this strategy. + +So if rather than GME we stuck to SPY junk options that are just teetering on the edge of being repriced from $0.02 to $0.01, which will never ever go in the money, ever, and we had enough money and leverage, this is literally a foolproof strategy, it literally can't go tits up. + +EDIT Thanks everyone for all the replies! + +Please note that the talk about this being a "strategy" that is "foolproof" and "literally can't go tits up" is more than a little tongue in cheek. That said, I was hoping to hear why it wouldn't work, and what similar ish actual strategies that could be done instead that actually could work, which is exactly what we got! I will have a look at those and see if they would work for me. Cheers! +I'm a little confused. Let's say NVDA is at 250 and I sell naked calls with 3 dte at 260. Then day of expiration, it is ITM and I'm down $1,000 on the contracts. If I roll the naked calls to 270 to the week after and it ends that week OTM at let's say 265, do i recover the $1,000 from the previous roll + the 270 strike contract premium, or do I only receive the premium from the 270 strike naked call? +I'm playing with a scanner to pick out some high IV plays, which led to picking OTIC for a first experiment (discussed [https://www.reddit.com/r/options/comments/lnl6k6/high\_iv\_play\_otic\_useful\_for\_smallnew\_accounts/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/options/comments/lnl6k6/high_iv_play_otic_useful_for_smallnew_accounts/?utm_source=share&utm_medium=web2x&context=3)) + +Was wondering what scanner filters people were using, or would recommend. + +I used: + +Price $0-50 + +IV/Hist. IV: >200% + +IV: >100% + +Analyst Target/price: >0% + +Opt Volume: >100 +COVID Stimulus and the Market. This week Congress is due to take their August recess, however they haven't aligned on the next COVID stimulus. I think these stimulus plans have been important to the market's continued stability. If Congress breaks on recess before Friday, the stimulus would be delayed over a month which I presume the market would react negatively to. Although the House is planning to not take the recess, we haven't heard from the Senate. I highly doubt the Senate would take the recess if the House isn't, however if that did happen, I think the market would react negatively. + +I've been flattening my portfolio and adding some short deltas to limit exposure to this decision. +For more context, these stocks I'm doing the wheel on are ones I'm willing to hold in the long run so I have no problem with assignment. + + +Is there really any downside to doing the wheel strategy ATM besides the simple risk of assignment or the stock's price dropping? +I know i could google it and get an answer from some investment "professional" but honestly I'd rather learn here. Is there a post or somewhere where you guys lay out the basics? + +Is 5k enough to get started in theta gangness? + +Is it best the thetagang during earnings seasons and go back to my normal routine inbetween earnings runs? + +With 5k, which stock prices are the "goldylocks" zone? I assume with a lower balance you need lower cost stocks, and with a higher balance you want stocks with high meme value (tsla, amzn, baba, etc.) + +5k would mean stocks in the $35-$45 range right? because I will want to buy 100 shares to cover things? +https://www.bloomberg.com/news/articles/2022-07-08/tsmc-sales-beat-estimates-in-another-signal-of-resilient-demand + +The world’s largest contract chipmaker booked NT$534.1 billion ($17.9 billion) of revenue for the second quarter, according to Bloomberg’s calculations, compared with the average analysts’ estimate of NT$519 billion. + +The results from Apple Inc.’s most important chipmaker may allay investors’ worst fears about the impact of weakening demand and soaring costs on the $550 billion semiconductor industry. On Thursday, Samsung Electronics Co. also reported a better-than-anticipated 21% jump in revenue, triggering an Asian stock rally. + +A good sign ahead of earnings season +100M viewers share passwords + +Analysts at Cowen Inc. estimate that Netflix’s effort could generate an additional $721 million in revenue next year in the U.S. and Canada + +The estimate is based on a survey asking consumers who share the account of a person they don’t live with how they would respond if Netflix required them to pay $3 a month to keep sharing, and factors in people who would pay more to start their own new accounts + +Sorry Netflix, not paying $3 a month extra for my generosity. Already changed my password today and my friends and family were not happy, but you made me the bad guy. + +I would double check that math on the $721M if you guys literally think that is just going to fall straight to the bottom line. The impact is zero. + +Time to short this shit. +Hello fellow kids. + +Yesterday I was reading my country’s most popular newspaper and was greeted with the headline “Hacker demands cryptocurrency!!”. Naturally my interest was grabbed and I went on reading the article that stated “The hacker demands the private and untraceable cryptocurrency Bitcoin”, which is obviously wrong since Bitcoin is a public ledger and every single transaction is recorded and saved for eternity. +Mildly annoyed I emailed the author of the article and explained that Bitcoin is in fact not very private, and certainly not untraceable. After a few back and forth with relevant facts the newspaper issued a correction saying Bitcoin is indeed not very private and is traceable. + +This is what we, the cryptocurrency community, must do every time we see people outside the community reference crypto the wrong way. I urge you all to take a few moments out of your very busy life following shitcoins to correct newspapers and other publications when they simply misinform the public. + +The result of their misinformation leads to the public associating cryptocurrency with crime, and this must change. + +Please, pretty please, do this. It does not take long, and we all do benefit from it. +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 make ok money, i.e. can pay rent and bills and have some money left over. But I get this constant guilt if I spend money on myself. I have a battle in my head between saving the money for the future (as I am always scared about growing old and not having enough) and at the same time not wanting regrets when I am older for not enjoying life and experiencing whatever I want. + +Do any of you guys go through this? What do you do about it? +I’ve already read two threads on here about “what to do if you win the lottery”, but I have more questions. + +I won a large sum a few months ago. I feel lucky and relieved, but really not that much different. I wasn’t too worried about money to begin with, so I’m not out of my mind happy or anything. I’m 30 years old. No wife or kids. Only my brothers know about the money. One has suggested I post here for advice given my situation and said that it could help me think through my options. + +After I paid off all debts (credit cards, car, student loans, etc.), budget $8k for a vacation of a lifetime for me and my brother, and put $50k in an FDIC insured savings account for an emergency fund, another $50k in a tax-deferred IRA (I’m self-employed so apparently that’s my yearly limit from what I’ve read), I’m left with about **$750,000**. Right now, it’s all sitting in a savings account at the bank earning essentially nothing because I’m too scared to do anything else with it. + +My goal of the money: I’m not planning to quit my day job (self-employed and about $60k a year), my goal with the money is to invest it and let it grow. In 5 years when I settle down, I’ll want to buy a house, and in 20 years I’ll want to retire. So, basically house + retirement. + +I know this may be weird and irrational, but I refuse to hire any financial advisor who will take a percentage of my wealth just to manage it. I view them as scam artists. + +My brother is telling me to put all of it all into a Vanguard mutual fund and forget about it. But the market is pretty close to an all time high and I’m terrified of putting it all in just to watch the market crash. Isn’t the age old adage “buy low, sell high” – and if so why would I buy high on purpose? + +My plan right now is for it to just sit in the savings account until the stock market crashes, and then to put it all in (perhaps vanguard mutual fund like my brother says), but the rational side of my brain is telling me that that is really stupid and the stock market may never drop and I may just miss out on years of gains. + +What are my other options? Are there other investments I should consider that can get me more than a lame 1% CD, but not be as volatile as the stock market? I just want to make a safe 3-5%... I’m not looking to get greedy and invest with a Madoff or anything. But I’m so scared of losing all this life-changing money that could pay for a retirement one day. + +Am I completely nuts for not wanting to hire a financial advisor or put all of my money in the stock market when it’s essentially at an all time high? Are my worries rational and common? What are my best options? + +Sorry if this was rambling. I’m willing to answer any questions anyone has. + +Location: San Diego + +(p.s., I know the IRA is investing in the market, but it’s got special pre-tax money, so I feel differently about it). + +edit: please stop PMing me and asking for money or my secret for winning the lottery. +Also, verification was sent to a mod who asked for it. + +http://people.virginia.edu/~slf9s/teaching/econ452/readings/Becker%20and%20Murphy%201988.pdf + +Abstract: + +> We develop a theory of rational addiction in which rationality means a consistent plan to maximize utility over time. Strong addiction to a good requires a big effect of past consumption of the good on current consumption. Such powerful complementarities cause some steady states to be unstable. They are an important part of our analysis because even small deviations from the consumption at an unstable steady state can lead to large cumulative rises over time in addictive consumption or to rapid falls in consumption to abstention. Our theory also implies that "cold turkey" is used to end strong addictions, that addicts often go on binges, that addicts respond more to permanent than to temporary changes in prices of addictive goods, and that anxiety and tensions can precipitate an addiction +The lower/middle class ends up paying it through the consumer price anyway. It's not like they're taking wealth from the rich, it's just making prices higher for the poor. +The math is unambiguous. + +I know some people here don't like Denninger, but he shows the math very simply in these two blogs: + +http://market-ticker.org/akcs-www?post=167754 + +http://market-ticker.org/akcs-www?post=167781 + +When interest rates rise, (and eventually they must) it will crash the US economy. Math doesn't lie, doesn't care what party you trust, or how much money you have. + +Exponential growth cannot continue indefinitely. We have to cut government spending by 40-50% or the US will die. + +Please, if there is something I am missing, explain it to me. I'm not an economist, investor, or even someone who claims to understand macro-economics. + +But I can read the graph of an exponential function, and understand what that means. + +And what I see is a government that is blissfully going to drive itself off a cliff, leaving chaos, destruction and death in it's wake. + +So, what have I missed? Is there something I don't understand, or haven't been shown that gives the US a way out that doesn't end with an economic collapse? +So I’ve not turned too much attention to Brexit this year, but what’s everyone’s view on specific companies who could benefit from Brexit (deal or no deal) and why? +I've just read Tim Hale's 'Smarter Investing' and I'm looking to put some money into a S&S ISA and hopefully keep topping it up. + +For those that haven't read the book it's describing a mix of investments based around Equities and Bonds, usually index linked. + +One big part of the book is cost, and how cost should be kept down. He mentions rates of 0.5% and less, but I can't see how to achieve those? + +I have been looking at Cavendish and Charles and Stanley as providers, both charge 0.25% and then fund managers want 0.5%+ on top of that. The book suggests spreading money around roughly 10 different funds, with the majority focused on your goals and then lesser investments of 5-15% to smooth the returns out and boost the income. + +Is there a better way to do this than one of these providers? +Thinking of investing, long terms. They seem undervalued right now. Suffered a drop due to brexit then another, larger drop due to Covid. Surely they should recover from both. Already some recovery when the roadmap was announced. Potential for even short term gains? + +New CFO last year, new chairman in January and a New CEO coming in June. Surely these are signs of a change in direction/strategy. +Thinking of investing, long terms. They seem undervalued right now. Suffered a drop due to brexit then another, larger drop due to Covid. Surely they should recover from both. Already some recovery when the roadmap was announced. Potential for even short term gains? + +New CFO last year, new chairman in January and a New CEO coming in June. Surely these are signs of a change in direction/strategy. +HNR.L has just began raising funds to go into the CBD market in Colorado. As this is the only medical marijuana company on the LSE would it be worth investing? They sit at 10p per share and have had highs of 40p per share in previous years. +Hi All, if you had £5,000 to invest in just one fund or stock what would it be? Thanks + +I’ve been looking at a few but very interested to see what others would suggest and I’m very new to this. +The best company on the LSE, in my opinion. + +https://www.investegate.co.uk/games-workshop-group/rns/half-year-report/202001140700046633Z/ + +EPS up 44%. +Revenue up 18%. +H1 dividends declared up 54%. + +Very strong balance sheet with no debt outside of IFRS 16 lease commitments. + +They're in a growing industry, with a TV show in the works and continuing investment in manufacturing capacity, distribution and IT. I don't see any reason why they can't continue to grow. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +Scottish Mortgage Investment Trust has a bit, and BPTRX holds a surprising 5% of SpaceX. Unfortunately it's 40% Tesla and I don't want to expose myself to that kind of risk. Are there any other funds or trusts that you know of with SpaceX exposure? Bonus points if it's part of a balanced portfolio and not just highest risk tech stocks. + +If you want to suggest other space related investments feel free to but I'm not looking for arguments about the sensibility of such investments. This is more to compile a list of available options. +Hi all, + +I was wondering if anyone has advice on how to gain exposure to "space" industry? + +I am thinking of potential funds that look at various industries including tourism (maybe Virgin Galactic etc), satelitte manufacturers, potential mining companies etc. + +This is obviously a long term play, but is something I think has a lot of potential. + +I've found UFO ETF (love the name!) Procure Space ETF was wondering if anyone has found any others or recommend alternative ones? Or have views on this? +I have a question. I believe a stock I want to buy will be popping tomorrow morning. I want to buy the shares asap. If I put in a market order with Trading 212, when does that get fulfilled? Is there a queue of orders, first come first served? Does Trading 212 have a direct link to the market? I'm sure others will be placing the same order, just wondering how it works with who's orders get filled first etc + +And then there's other platforms and brokers, do they get ahead of T212, ? + +Edit: it's a stock that already trades on market, not a new stock +So I’ve been using Trading212’s CFD platform and yes while it is very user friendly and I have no problems at all other than the spread size on certain stocks. Even $NVAX has a $1 Sell buy spread which is a lot when you have 1k contracts. The spreads are just completely unacceptable and it’s literally daylight robbery. Can anyone recommend a CFD broker that has tight spreads, low commissions and a wide variety of instruments? I’ve tested IG’s CFD demo and the commission is just stupidly high on US stocks. + +Thanks in advanced. +Of course commodities are a good hedge and can rescue a portfolio during bear markets/risk off periods where equities are down. + +However with the surge in prices and many commodity ETFs and funds seeing 50%+ returns for the last year even past 2 quarters. + +Is this a time to scale down/rebalance such investments for or would you continue a pound cost average approach regardless? +Im currently searching for stocks that pays dividend but can’t seem to find any. Can someone recommend me so that i can do my own research. So far i only found out that ETFs gives out dividend. +This is what made me get into crypto 5 years ago to begin with. I've experienced 3 big slaps in the face in my life not taking the chance when I easily could. + + +##1999 +21 years ago I was in a business school for programming. I was On my way to barnes and noble to pick up a C++ book when I heard on the radio Barnes and Noble stock flash crashing to a $1 from about $25-$30. + +I felt something wasn't right about that because the chain was still fairly new, and it was always packed. So many books and magazine sales. They where also building more. I was about to drop $3500. +My friend's father hooked me up with a broker to call. I called and found out I needed a bank account so I did a bunch of scrambling but when push came to shove I backed out. I convinced myself buying a new laptop,some nice clothes, and the new bass system I wanted for my car was money better spent instead of a risk. + + +I literally backed out at the last moment after a tedious process. + +Well one month later or so, it was back up to $20-$25. + +I missed out on $60-$75,000 + +#2006 +I think 🤔 + +Apple announces the iPhone and it was super popular. I knew it was gonna get bigger, and shares were still $1 lol I wanted to put about $2K down. Did the same thing again, got in touch with a Broker then backed out. + +That was over 100x gain. That was Lambo. + + + +Why did I back out? For temporary items when the ones I have are working just fine? + + +So when I met someone in 2016, I had that gut feeling again. And I didn't care if I lost it I just didn't want to miss another opportunity going against what I really feel + + +So I'm holding now and I've been in the green for a long time because I got in early. + +It wasnt luck. It was motivation to make something happen. I'm just a regular guy that didn't want to miss my chance so I took it. +Hi, so I'm dead broke right now, working on getting some short money just for necessities by selling stuff. I was meant to go to uni this year, got a student account, and used my arranged overdaft to pay for my rent a week before I started. (I was naively thinking my student loan would cover it, but I didn't get a loan). + +The uni didn't let me in due to some issues with my qualification certificates. Which is beyond annoying and unfortunate, basically they didn't tell me that I couldn't come to uni right before it started. Regardless its left me -1k in my bank and a struggle to get by. So any budgeting tips or advice would be greatly appreciated. A few questions: + +Are payday loans worth it? + +What's a good way to save? + +How can I be more disciplined when it comes to spending? + +(Edit) I am working too. Forgot to mention that. +Hi everyone! I feel that I am close to the brink of FI, and am starting to look at my work exit strategy. After working in the same industry with many of the same colleagues and bosses for over 20 years, it’s not going to be as easy as a “later, sukkahs!” How have others left the workforce gracefully, and is it possible to do it without revealing the reason you no longer have to work in that field? Thanks! +For the longest time I disliked the statement Charlie said. But it finally clicked today when I re-watched that clip. So, thanks Charlie. The rats better start to scatter! +Salutations, APEs and APETTES. Reddit was DDOS'd all day and I took it as a sign. + +I aggregated the last 24 hours (as of 5pm central) of posts on Reddit from Apes who made ComputerShare purchases today and shared screenshots of it. + +# $35,255.07! + +&#x200B; + +|Value|u/|Post| +|:-|:-|:-| +|$1000|me0505|[https://reddit.com/r/Superstonk/comments/psu0i9/my\_turn/](https://reddit.com/r/Superstonk/comments/psu0i9/my_turn/)| +|$69.69|Soapdropper|[https://reddit.com/r/Superstonk/comments/psunva/sir\_they\_are\_buying\_just\_to\_farm\_karma/](https://reddit.com/r/Superstonk/comments/psunva/sir_they_are_buying_just_to_farm_karma/)| +|$1200|MedSpeed\_SomeDrag|[https://reddit.com/r/Superstonk/comments/psv4pf/is\_this\_how\_its\_done/](https://reddit.com/r/Superstonk/comments/psv4pf/is_this_how_its_done/)| +|$3250|CreatorsCreator|[https://reddit.com/r/Superstonk/comments/psvqww/i\_think\_im\_helping\_transferred\_50\_from\_fidelity/](https://reddit.com/r/Superstonk/comments/psvqww/i_think_im_helping_transferred_50_from_fidelity/)| +|$200|bubbastock|<redacted>| +|$1420.69|ChicoMoe44|[https://reddit.com/r/Superstonk/comments/psy16q/took\_5\_minutes\_to\_make\_first\_purchase\_from/](https://reddit.com/r/Superstonk/comments/psy16q/took_5_minutes_to_make_first_purchase_from/)| +|$2500|ThrowRA\_scentsitive|<redacted>| +|$1900|BicyclePositive2479|<redacted>| +|$6969.69|WindyMcBowels|<redacted>| +|$1100|WahidJH|[https://reddit.com/r/Superstonk/comments/ptajgo/computershare\_order\_filled\_today\_at\_19265\_wonder/](https://reddit.com/r/Superstonk/comments/ptajgo/computershare_order_filled_today_at_19265_wonder/)| +|$1020|bluestar4u|[https://reddit.com/r/Superstonk/comments/ptbjwo/buyhold/](https://reddit.com/r/Superstonk/comments/ptbjwo/buyhold/)| +|$7000|Vicew|[https://reddit.com/r/Superstonk/comments/ptbm1g/do\_i\_get\_karma\_now/](https://reddit.com/r/Superstonk/comments/ptbm1g/do_i_get_karma_now/)| +|$2100|dr\_beretta|[https://reddit.com/r/Superstonk/comments/ptbrjx/infinity\_pool\_account\_created\_adding\_to\_my\_xxxx/](https://reddit.com/r/Superstonk/comments/ptbrjx/infinity_pool_account_created_adding_to_my_xxxx/)| +|$4000|Pizza\_love\_triangle|[https://reddit.com/r/Superstonk/comments/ptcbwz/you\_sonofabitches\_im\_in\_to\_infinity\_and\_beyond/](https://reddit.com/r/Superstonk/comments/ptcbwz/you_sonofabitches_im_in_to_infinity_and_beyond/)| +|$225|StockBoston|[https://reddit.com/r/Superstonk/comments/ptdh0k/fuck\_it\_you\_retards\_convinced\_me\_i\_dont\_wanna/](https://reddit.com/r/Superstonk/comments/ptdh0k/fuck_it_you_retards_convinced_me_i_dont_wanna/)| +|$500|CocoBerryIsBestBerry|https://www.reddit.com/r/Superstonk/comments/ptctdj/order_placed_last_thursday_filled_today_and/| +|$400|limepr0123|https://www.reddit.com/r/Superstonk/comments/ptazcq/low_xx_holder_so_i_did_a_thing_today/| + +&#x200B; + +There was a post for $15k that the user then deleted, and then deleted their reddit account, so I'm not including it here. + +&#x200B; + +Previous posts: + +$508,342.55 [https://www.reddit.com/r/Superstonk/comments/psy6mp/you\_crazy\_apes\_puchased\_how\_much\_the\_last\_24/](https://www.reddit.com/r/Superstonk/comments/psy6mp/you_crazy_apes_puchased_how_much_the_last_24/) + +$296,728.38 [https://www.reddit.com/r/Superstonk/comments/ps7em3/you\_crazy\_apes\_bought\_how\_much\_the\_last\_24\_hours/](https://www.reddit.com/r/Superstonk/comments/ps7em3/you_crazy_apes_bought_how_much_the_last_24_hours/) + +$46,524.59 [https://www.reddit.com/r/Superstonk/comments/prim29/i\_compiled\_the\_last\_24\_hours\_of\_computershare/](https://www.reddit.com/r/Superstonk/comments/prim29/i_compiled_the_last_24_hours_of_computershare/) + +$57,648.23 [https://www.reddit.com/r/Superstonk/comments/pqzfd8/i\_compiled\_the\_last\_24\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pqzfd8/i_compiled_the_last_24_hours_of_cs_posts_for/) + +$50,692.50 [https://www.reddit.com/r/Superstonk/comments/pqdwt3/i\_compiled\_the\_last\_24\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pqdwt3/i_compiled_the_last_24_hours_of_cs_posts_for/) + +$81,465.57 [https://www.reddit.com/r/Superstonk/comments/pppkaq/i\_compiled\_the\_last\_24\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pppkaq/i_compiled_the_last_24_hours_of_cs_posts_for/) + +$59,289.98 [https://www.reddit.com/r/Superstonk/comments/pp5g5o/i\_compiled\_the\_last\_12\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pp5g5o/i_compiled_the_last_12_hours_of_cs_posts_for/) + +DISCLAIMER: + +I am NOT encouraging anyone to post their purchases publicly. I personally have not posted mine, b/c people I know also know who I am on reddit. + +BUY HOLD DRS + +We are the catalyst. + +EDIT: A few posts are missing. Guessing when Reddit was getting DDOS'd, my code doesn't handle API timeouts very well. + +I'll update later this evening when I get a moment. + +EDIT: done +Yes. + +Panama banking used to be the best in the world for secrecy. Better than Switzerland. But Pablo Escobar pushed the boundaries and helped put an end to all that. The US drug war with Colombia and the cartel’s Panama banking partnership ended when the US threatened sanctions and a gray zone status with all their allies. So the Panamese relented to financial imperialism, seized Escobar’s money, and in the process sullied their reputation like the Swiss and Hong Kongese have done recently. International courts back in the 80s gave no voice to Latin America. + +[Sorry Bitcoin Beach City, Panama City is the place to be for Latin companies](https://preview.redd.it/5nzt0pyipcw81.jpg?width=1140&format=pjpg&auto=webp&s=e939917a6af288c637f40c839031ba280fcbc4a6) + +Then in 2010, more imperialism flexed: the first Obama Administration made good on their campaign promise of closing tax loopholes and introduced *FACTA*, which hurt Panama quite a bit. This is how I was first introduced to bitcoin. I was permanently banned from Western Union and Moneygram, and placed on an international remittance blacklist. This had to do with the fact I was in the employ of an offshore casino, helping with their double-entry ledger. Bitcoin was a way out. The first casino I worked for went bust because they used a Japanese exchange called Mt. Gox (this was after I left). The second casino went bust in under 6 months because they tried fractionally reserving BTC. This doesn’t work with volatile and deflationary assets though, because as soon as it moved upwards, they were liable for the USD amount for customers looking to cash-out. If memory serves me, the price doubled from November 2011 to February 2012, and it was the second Patriots vs. Giants Super-Bowl game where the latter pulled an upset, de-collateralizing the sportsbook entirely because the wager imbalance was expected to balance out the shady BTC accounting. The third casino blew up because they laundered the Sinaloa’s money via low odds bets (-1000 and lower), and through a sophisticated web sent them to companies the Flores twins in Chicago owned, who eventually turned state’s evidence against El Chapo. The owner of that casino unsurprisingly ended up six-feet-under. The crazy thing is the Sinaloa didn’t use bitcoin in their scheme, because they’d lost a fortune when Silk Road was dismantled, and an operation they ran there went rogue, using the chaos to go dark, emerging as an entirely new competing cartel, keeping the Silk Road profits to seed themselves. The CIA then took the opportunity to run a highly effective disinformation campaign in Mexico-Colombia-Bolivia called *Tenderscore,* proposing bitcoin was a secret US government project designed to dismantle cartels. They also spread the lie that El Chapo’s second imprisonment in Mexico (he escaped) was due to bitcoin. + +[Satoshi literally disappeared this same week](https://preview.redd.it/xj57cmvfocw81.jpg?width=1199&format=pjpg&auto=webp&s=61ab4c0f0efb62d5583fe4ef3ca28489de3b8c0b) + +To this day that operation has lingering effects, and that’s the reason why cartels have, to the confusion of many, been so analog and slow to adopt cryptocurrency. Consider the leading privacy coin's market cap and tx volume--both abysmal. There were legitimate concerns back then by the US government that cartels might swap their $50B-$100B annual profits into BTC, and that in a few short years, it could emerge as collateral, putting both NAFTA and USD demand at risk in Latin America. Real talk. Of course I had nothing to do with any of this stuff. I’m Romanian with a degree from Fordham NY. And it’s very possible the sources I got this information from were dishonest. I also have no contact with these individuals and didn’t even know their real names. + +Anyway, back to Panama’s recent BTC law. It’s important why? Because the barrier for entry is quite low for Latin American COMPANIES. Panama isn’t like El Salvador, which is to say they don't have blackouts every other week, spotty internet, bad roads, crime everywhere, dirty water, ersatz medical care, untrustworthy banking infrastructure, a president that live-tweets BTC trades, or a government seemingly always on the cusp of instability--the latter of which is important because instability can also mean a new administration that waltzes in and bans everything. For individual plebs, getting a Panamanian visa is too expensive. It’s achieved through what’s called the *Friendly Nation’s Program.* It requires $5000 to be deposited in a Panamanian bank (most are now taking BTC deposits as well), then developing an economic tie. This tie is buying a $200k+ property, or investing $200k in the country, or being employed by a company there. That’s not important though, what’s important is that with Panama's law, we finally have a legit pawn to e4 move. This is a place that Latin American exchanges will relocate to, with plenty of talk already. Game theory suggests the way we get major countries in the Americas (US, Mexico, Canada) to adopt legal tender or zero taxes, are for three places to do it first, ranked in terms of importance: + +* **Puerto Rico** +* **Panama** +* **Cuba** + +**Puerto Rico**: because no passport is required for Americans, and no up-front costs, yet PR enjoys all the global relationships the US does. They're prepping their own BTC laws and are interested in adding BTC as a means to purchase large items like real estate. *“The Monte Carlo of the Americas,”* one politician recently mused. Great place for remote work and excellent demographics for blockchain work. + +&#x200B; + +[Puerto Rico](https://preview.redd.it/oef5gwctucw81.jpg?width=1200&format=pjpg&auto=webp&s=a81f3b7f32464690292c9ab2adc3742cc3405d76) + +[https://www.thetimes.co.uk/article/why-are-cryptocurrency-evangelists-flocking-to-puerto-rico-5pcfhsfnc](https://www.thetimes.co.uk/article/why-are-cryptocurrency-evangelists-flocking-to-puerto-rico-5pcfhsfnc) + +**Panama**: because it's the well-established banking epicenter of Central America and many Latin American countries. It’s an excellent anchorage for tokenized securities settled in bitcoin (like bonds, companies, and products). The prize of these would be Venezuelan oil bonds, because they have the largest proven oil reserves in the world and enormous gasoline refining capacity. All have been degraded obviously, but they need big investment with no strings. 3.5M bpd in the 90s all the way down to 160k now. Their currency has been stable for months because of oil prices. + +**Cuba**: because of their close ties with Russia, Florida, the Florida political establishment, and Latin America at large. Cuba's currency is also more volatile than bitcoin is, so it's an excellent place to make inroads, prove utility, and brag about--because of the regime it hopes to undo. + +*Kudos to El Salvador for being the beta that taught everyone else what worked and what didn't. They were an important step. 🪦* + +When these three get orange pilled, things get interesting, because I don’t see how bitcoin taxes are more than symbolic legalese and completely unenforceable. Yes you can achieve this already with a hard wallet and DEX (I'd know), but a bitcoin circular economy has not arrived just yet. If I make any major purchases, I’m not allowing a government to swipe 30% off the top so they can send it to support a growing foreign war, pay interest on their debt, or bailout commodity traders. When they can articulate the where and what for, in a transparent way, I’ll gladly pay taxes. Until then, you better find someone that can hack my brain or a ColdCard, because my seeds exist nowhere else, have never touched a live internet connection or internet connected device, and never will. PSBT’s rock. And I now live on a bitcoin standard—which took a couple years to figure out. + +&#x200B; + +[That's a power cord that goes into a 9V battery, not a connection.](https://preview.redd.it/plnthcw5pcw81.png?width=4032&format=png&auto=webp&s=faf0e8bc5d9329cb621be3ae9e844bf98a4d7b83) + +I’m not buying a new $100k boat in the US for $110k after sales taxes, and $150k after capital gains taxes. That’s called financial irresponsibility and starts costing more than the price of dual citizenships or visas with none of the benefits. I’d rather have five S19j miners to go along with the boat. The tax exemption in these countries will allow individuals and companies to maneuver in ways which heretofore have been the privilege of billionaires and banks, from collateralizing your BTC to dispatching liquidity that LN channels want to borrow, all in the language the masses understand: tap, swipe, click. The day is coming when you’ll tell a startup—“*Okay, so I have ten million sats in lending power.”*—and it’ll be a significant sum to part with. That’ll be this decade. + +If you’re HODLing bitcoin now, look around your group, your family, the circle you run with. You’re the person who will lead them. You are the first mover. You’re the person who will support them. You’re the alpha. This, by the way, does come with responsibility and sacrifice: + +[https://youtu.be/MQ8PRqy8vQI](https://youtu.be/MQ8PRqy8vQI) +Yes. + +Panama banking used to be the best in the world for secrecy. Better than Switzerland. But Pablo Escobar pushed the boundaries and helped put an end to all that. The US drug war with Colombia and the cartel’s Panama banking partnership ended when the US threatened sanctions and a gray zone status with all their allies. So the Panamese relented to financial imperialism, seized Escobar’s money, and in the process sullied their reputation like the Swiss and Hong Kongese have done recently. International courts back in the 80s gave no voice to Latin America. + +[Sorry Bitcoin Beach City, Panama City is the place to be for Latin companies](https://preview.redd.it/5nzt0pyipcw81.jpg?width=1140&format=pjpg&auto=webp&s=e939917a6af288c637f40c839031ba280fcbc4a6) + +Then in 2010, more imperialism flexed: the first Obama Administration made good on their campaign promise of closing tax loopholes and introduced *FACTA*, which hurt Panama quite a bit. This is how I was first introduced to bitcoin. I was permanently banned from Western Union and Moneygram, and placed on an international remittance blacklist. This had to do with the fact I was in the employ of an offshore casino, helping with their double-entry ledger. Bitcoin was a way out. The first casino I worked for went bust because they used a Japanese exchange called Mt. Gox (this was after I left). The second casino went bust in under 6 months because they tried fractionally reserving BTC. This doesn’t work with volatile and deflationary assets though, because as soon as it moved upwards, they were liable for the USD amount for customers looking to cash-out. If memory serves me, the price doubled from November 2011 to February 2012, and it was the second Patriots vs. Giants Super-Bowl game where the latter pulled an upset, de-collateralizing the sportsbook entirely because the wager imbalance was expected to balance out the shady BTC accounting. The third casino blew up because they laundered the Sinaloa’s money via low odds bets (-1000 and lower), and through a sophisticated web sent them to companies the Flores twins in Chicago owned, who eventually turned state’s evidence against El Chapo. The owner of that casino unsurprisingly ended up six-feet-under. The crazy thing is the Sinaloa didn’t use bitcoin in their scheme, because they’d lost a fortune when Silk Road was dismantled, and an operation they ran there went rogue, using the chaos to go dark, emerging as an entirely new competing cartel, keeping the Silk Road profits to seed themselves. The CIA then took the opportunity to run a highly effective disinformation campaign in Mexico-Colombia-Bolivia called *Tenderscore,* proposing bitcoin was a secret US government project designed to dismantle cartels. They also spread the lie that El Chapo’s second imprisonment in Mexico (he escaped) was due to bitcoin. + +[Satoshi literally disappeared this same week](https://preview.redd.it/xj57cmvfocw81.jpg?width=1199&format=pjpg&auto=webp&s=61ab4c0f0efb62d5583fe4ef3ca28489de3b8c0b) + +To this day that operation has lingering effects, and that’s the reason why cartels have, to the confusion of many, been so analog and slow to adopt cryptocurrency. Consider the leading privacy coin's market cap and tx volume--both abysmal. There were legitimate concerns back then by the US government that cartels might swap their $50B-$100B annual profits into BTC, and that in a few short years, it could emerge as collateral, putting both NAFTA and USD demand at risk in Latin America. Real talk. Of course I had nothing to do with any of this stuff. I’m Romanian with a degree from Fordham NY. And it’s very possible the sources I got this information from were dishonest. I also have no contact with these individuals and didn’t even know their real names. + +Anyway, back to Panama’s recent BTC law. It’s important why? Because the barrier for entry is quite low for Latin American COMPANIES. Panama isn’t like El Salvador, which is to say they don't have blackouts every other week, spotty internet, bad roads, crime everywhere, dirty water, ersatz medical care, untrustworthy banking infrastructure, a president that live-tweets BTC trades, or a government seemingly always on the cusp of instability--the latter of which is important because instability can also mean a new administration that waltzes in and bans everything. For individual plebs, getting a Panamanian visa is too expensive. It’s achieved through what’s called the *Friendly Nation’s Program.* It requires $5000 to be deposited in a Panamanian bank (most are now taking BTC deposits as well), then developing an economic tie. This tie is buying a $200k+ property, or investing $200k in the country, or being employed by a company there. That’s not important though, what’s important is that with Panama's law, we finally have a legit pawn to e4 move. This is a place that Latin American exchanges will relocate to, with plenty of talk already. Game theory suggests the way we get major countries in the Americas (US, Mexico, Canada) to adopt legal tender or zero taxes, are for three places to do it first, ranked in terms of importance: + +* **Puerto Rico** +* **Panama** +* **Cuba** + +**Puerto Rico**: because no passport is required for Americans, and no up-front costs, yet PR enjoys all the global relationships the US does. They're prepping their own BTC laws and are interested in adding BTC as a means to purchase large items like real estate. *“The Monte Carlo of the Americas,”* one politician recently mused. Great place for remote work and excellent demographics for blockchain work. + +&#x200B; + +[Puerto Rico](https://preview.redd.it/oef5gwctucw81.jpg?width=1200&format=pjpg&auto=webp&s=a81f3b7f32464690292c9ab2adc3742cc3405d76) + +[https://www.thetimes.co.uk/article/why-are-cryptocurrency-evangelists-flocking-to-puerto-rico-5pcfhsfnc](https://www.thetimes.co.uk/article/why-are-cryptocurrency-evangelists-flocking-to-puerto-rico-5pcfhsfnc) + +**Panama**: because it's the well-established banking epicenter of Central America and many Latin American countries. It’s an excellent anchorage for tokenized securities settled in bitcoin (like bonds, companies, and products). The prize of these would be Venezuelan oil bonds, because they have the largest proven oil reserves in the world and enormous gasoline refining capacity. All have been degraded obviously, but they need big investment with no strings. 3.5M bpd in the 90s all the way down to 160k now. Their currency has been stable for months because of oil prices. + +**Cuba**: because of their close ties with Russia, Florida, the Florida political establishment, and Latin America at large. Cuba's currency is also more volatile than bitcoin is, so it's an excellent place to make inroads, prove utility, and brag about--because of the regime it hopes to undo. + +*Kudos to El Salvador for being the beta that taught everyone else what worked and what didn't. They were an important step. 🪦* + +When these three get orange pilled, things get interesting, because I don’t see how bitcoin taxes are more than symbolic legalese and completely unenforceable. Yes you can achieve this already with a hard wallet and DEX (I'd know), but a bitcoin circular economy has not arrived just yet. If I make any major purchases, I’m not allowing a government to swipe 30% off the top so they can send it to support a growing foreign war, pay interest on their debt, or bailout commodity traders. When they can articulate the where and what for, in a transparent way, I’ll gladly pay taxes. Until then, you better find someone that can hack my brain or a ColdCard, because my seeds exist nowhere else, have never touched a live internet connection or internet connected device, and never will. PSBT’s rock. And I now live on a bitcoin standard—which took a couple years to figure out. + +&#x200B; + +[That's a power cord that goes into a 9V battery, not a connection.](https://preview.redd.it/plnthcw5pcw81.png?width=4032&format=png&auto=webp&s=faf0e8bc5d9329cb621be3ae9e844bf98a4d7b83) + +I’m not buying a new $100k boat in the US for $110k after sales taxes, and $150k after capital gains taxes. That’s called financial irresponsibility and starts costing more than the price of dual citizenships or visas with none of the benefits. I’d rather have five S19j miners to go along with the boat. The tax exemption in these countries will allow individuals and companies to maneuver in ways which heretofore have been the privilege of billionaires and banks, from collateralizing your BTC to dispatching liquidity that LN channels want to borrow, all in the language the masses understand: tap, swipe, click. The day is coming when you’ll tell a startup—“*Okay, so I have ten million sats in lending power.”*—and it’ll be a significant sum to part with. That’ll be this decade. + +If you’re HODLing bitcoin now, look around your group, your family, the circle you run with. You’re the person who will lead them. You are the first mover. You’re the person who will support them. You’re the alpha. This, by the way, does come with responsibility and sacrifice: + +[https://youtu.be/MQ8PRqy8vQI](https://youtu.be/MQ8PRqy8vQI) +This seems to be an every day activities. But today I thought about the logistic behind this and could not figure out. + +So if I’m with Commonwealth and want to transfer money to my mom who’s with Westpac, it’s can be an easy operation as a few clicks on the phone. + +But what will happen behind the scene? Will there be a deliveroo take my money in my bank and drive to a Westpac and drop it into my mom’s account? +I think by now we know the magic number we need to hit is around $350 before the SHFs start to REALLY panic. We're actually not that far away from it. We also know Gamestop is working on something to do with NFTs. Speculation puts the NFT project as an NFT marketplace for anything and everything. I believe I also read a post that with this NFT marketplace they expect a billion new NFT users. If Gamestop is able to pioneer the first user friendly NFT marketplace, then they'll definitely double or triple their market cap. Hell, even a successful transition to an omnichannel e-commerce solution will double GME market cap at least. (I don't have the calculations, something about ecommerce PE ratio being like 20x while GME currently is like... 4-5x? Or not even?) + +Our Papa Cohen definitely knows when these exciting projects will come into fruition, and knows how much GME will be valued when GME launches these projects. If he sees that let's say within a year he can organically grow GME to be worth $400 a share, then why would he issue an NFT dividend and risk complicating the MOASS through litigation nightmare? He'd much rather put his head down and work hard to release GME v2.0, or GMerica, as you could also call it, as soon as possible. I mean, if you look at the job hirings GME is doing, it's absolutely insane, both the number and the sheer amount of NFT roles as well. + +TL;DR = Papa Cohen playing 5D chess while we fling poo at one another. Trust in papa cohen. + +Edit: Some of you misunderstood what I am saying and think I'm denying MOASS. No, MOASS is gonna happen, it's inevitable. But if Papa Cohen sees 3 possible ways for MOASS to start within the year: +1. DRS +2. Organic growth of stock value to the point where margin calls are triggered +3. NFT Dividend + +He'd probably rely on the first two ways, and will only save the 3rd way as the last resort. + +Edit: Obligatory mention to drs your shares, because some people think if drs isn't mentioned, even if it has nothing to do with the topic being discussed, then it's FUD. +We asked last week- what sort of contest would you want? The overwhelming majority asked for: + +# A Superstonk MEME CONTEST!!! - this starts TODAY and will either end Monday or will continue on the r/ImmutableX subreddit + +Make a meme about anything that has happened this last year. + +**It can be related to:** + +* **Superstonk** +* **$GME** +* **Gamestop** +* **stock/crypto market** + +# There will be 10 winners who will win 100 IMX each! + +Winners will have the choice to either keep the IMX or donate it to our Toys For Tots fundraiser from last year. It's still open since we never reached our goal. Speaking of Very GMErry Holidays, if you want the "Have a very GMErry Holiday" flair, you can write !Flairy:VGH! anywhere in the sub. [More about Toys 4 Tots from](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/?utm_source=share&utm_medium=web2x&context=3) u/Buttfarm🎄❄🎄 + +**Rules for the MEME Contest:** + +* ORIGINAL CONTENT aka NEVER BEEN SEEN BEFORE aka don't spam your old memes +* ONE SUBMISSION PER PERSON - more than one and you're disqualified +* SFW +* MUST USE THE MEME CONTEST FLAIR + +[New Meme Contest Flair](https://preview.redd.it/pezey2q320y91.png?width=169&format=png&auto=webp&s=ba36979c34a1601a805bdda6209408db566a0a99) + +Here's some from a few of the mods to get the party started🥳 + +https://preview.redd.it/the9i481uzx91.png?width=1160&format=png&auto=webp&s=d9ead02d9a3e404b9b21939d5bb840938f58ab82 + +https://preview.redd.it/42oh5mw1uzx91.png?width=750&format=png&auto=webp&s=36651d999385705fbf638f4f596f8002ee4383a2 + +https://preview.redd.it/q6vbtao2uzx91.png?width=491&format=png&auto=webp&s=5fc6dc189fe2c045b2c2c4a9dec55988cfbff8a8 + +https://preview.redd.it/10dapy83uzx91.png?width=500&format=png&auto=webp&s=83388b98afa4a8c88a7c674dc1e44560420cbfa7 + +https://preview.redd.it/ghaflwa5uzx91.png?width=491&format=png&auto=webp&s=2f20daf8ce85d153eecc42a0b3c354c8f0bba8d2 + +[ ](https://preview.redd.it/ea9isiy5uzx91.png?width=666&format=png&auto=webp&s=eab2f1981bd216f535bfcc795cf39c7a6391b867) + +At the end of the contest(Nov 14) we'll put together a voting post with the top 25 upvoted memes. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +**To celebrate the** [**IMX/GME Integration**](https://twitter.com/GameStopNFT/status/1587187726943764481?s=20&t=yTKu2PIsl0ATCKuKBPGo7g) **, we’re planning a week-long raid to take over the** [r/ImmutableX](https://www.reddit.com/r/ImmutableX/) **subreddit👀(starting on Monday)** + +But first, some big news: + +It’s been less than a week since the launch of the GameStop marketplace; ImmutableX is reporting Total Trade Volumes on the GME marketplace of over $1.2 million. That’s insane! The partnership launch resulted in IMX surpassing Solana for the #2 spot on NFT traded volume in 24 hours (see below): + +[ ](https://preview.redd.it/ucswql28uzx91.png?width=750&format=png&auto=webp&s=046726652822ea2411877f35baea3fd7f50697ff) + +Long story short: GME + ImmutableX = 🚀🌕 + +But it’s not over… + +The Immutable team will be leaving the keys in the door, and their subreddit is ours for the taking. + +# From 00:00 Monday 7th November until the end of Monday 14th November (PDT), Immutable is opening the floodgates for all of us to completely take over [r/ImmutableX](https://www.reddit.com/r/ImmutableX/) ✨ + +**Starting Monday: hit them with your best shitposts, memes, DD’s, hype posts about why GME and IMX are heading to Andromeda🚀, anything! They’re going to compile and reward the best content throughout the week so get ready to bust out those crayons.** + +That’s not all. To wrap up the biggest mixer-party in Reddit history we have something big planned for the 13th of November, so stay tuned for an update. More details to come next Monday (7 November). + +Immutable is also running a contest until November 10: [Join the Power to the Players Art contest to win your share of 5,000 $IMX!](https://twitter.com/Immutable/status/1587225723726544896) + +**Prepare for the invasion on Monday!** + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Reddit now has the ability to post images in comments. What do you think? Is that something you'd want? Let us know in the comments! + +edit to note: we could do images WITHOUT doing gifs + +[https://www.reddit.com/r/modnews/comments/ye1xwk/images\_in\_comments\_are\_coming\_to\_sfw\_subreddits/](https://www.reddit.com/r/modnews/comments/ye1xwk/images_in_comments_are_coming_to_sfw_subreddits/) +I'm not sure if many people use the Piotroski score - its provides a rank of 0 to 9 based on the quality of a company, with 9 being the bets and 0 being the worst. I tend to use it in addition to other factors when designing strategies where it works extremely well and allows you to filter universes to high quality stocks. + +It's simple yet a little painful to calculate as there are lots of factors used, which I'm guessing is one reason why you don't hear of it too often. I had always assumed another reason was that it didn't work particularly well on its own, but I've just done some research and the historical returns look pretty good: + +https://i.redd.it/mc7x2b5rohd11.png + +The above strategy is an incredibly simple one - it selects all US stocks and DRs with a market cap over £50m and a Piotroski Score of 8 or more, then each month selects the top 10 when sorted by the Piotroski Score. The figures already include commissions and slippage of $7 per turn. I'm sure with a little tinkering it could be combined with a few other factors to create a really strong trading system. + +What's better is the strategy scales well too - the above backtest was with a starting investment of $10k. If you push this up to $1m the strategy still returns a simulated 18% a year since 2000. + +You can see how the strategy was put together and more performance charts and data here if you are interested - [https://investorsedge.net/Strategy/Definition/24429/23671](https://investorsedge.net/Strategy/Definition/24429/23671#) +Hello and thanks for your help everyone! + +I have been a discretionary futures (oil curve mainly) trader for 5 years now. I have made the decision to make my strategy systematic and also pursue other opportunities by leaning to code. + +I have decided to go with python; I understand it is an industry standard and also a good beginner language. Given that I prefer learning visually (e-courses, videos, etc.) instead of books, how should one start this learning process. I understand it takes a lot of time and effort, especially for someone like me that has ZERO knowledge in coding. + +I see many courses in coursera but I don't know which to chose for my quantitative trading needs. + +Any suggestions are welcome. + +Thank you all for your time +What have done with it after finishing the course? +Not asking for the code to your work, just what you are doing with what you learned from the nano degree? +So my cable company has been charging me for a cablecard that I do not posses. I have called them several times about this and they say its a glitch in the system and that they will get it fixed but they never do. So far I've paid them $40 for this cable card that I do not posses. + +What is the best way to get them to take me seriously on my next call. + +Edit: + +Just got off the phone with a rep who called me because of the FFC complaint. My gosh I had never felt more in control of a situation with a company, the guy never try to say no, he fixed the problem, credited me back and also allowed me to modify my contract to be internet and phone only and I'm just gonna be using PlayStation Vue for service. + +Thank you everyone for your great responses. + +If you have a similar problem just file an FFC complaint like most of the users have said, it seems to work the best. +I'm going to compare a few things here. GME shorts r fuk because we're not going bankrupt. The same can't be said for those other 2. + +**Debt to Equity History & Analysis -** + +Red - Debt + +Blue - Equity + +Green - Cash & Equivalents + +**Look how much DEBT GME has paid off! Now look how much debt the other ones have.** + +The more debt a company has, the more INTEREST they're paying per year on that debt. + +**GME debt/equity ratio - 3.1%** + +**Cash & Equivalents - $908.9 million** + +[GME ](https://preview.redd.it/vm745utsrbz91.png?width=739&format=png&auto=webp&s=ff8979912eca951cd55e5d980a2aad9bbfa90883) + +# Popcorn's debt is a SHOCKING $5.32 BILLION! + +**Popcorn debt/equity ratio - NEGATIVE 206.5%** + +**Cash & Equivalents - $684.6 million** + +[AMC](https://preview.redd.it/vod3t7kwrbz91.png?width=724&format=png&auto=webp&s=bb56046635daac42228547be0a5e4cda44a2eec2) + +**Towel stock debt/equity ratio - NEGATIVE 299.5%** + +**Cash & Equivalents - $135.27 million** + +[BBBY ](https://preview.redd.it/g5mcj2b0sbz91.png?width=734&format=png&auto=webp&s=5b5b60411381f5352c2b2582166dea9a5f45768f) + +# GME has the MOST CASH and LEAST AMOUNT OF DEBT -- here's some more charts to show you how GME blows these other stocks out of the water: + +**Financial Position Analysis** \- You want to see more assets than liabilities - there's only ONE + +[GME](https://preview.redd.it/j3yyfzj3sbz91.png?width=745&format=png&auto=webp&s=81d0af9d22bc65e80f7a5c03dfb5ffa7677079c0) + +[AMC](https://preview.redd.it/l92cwna4sbz91.png?width=735&format=png&auto=webp&s=6b019571f17bfdda998c2d8ebea0d663d87c2996) + +[BBBY ](https://preview.redd.it/vnkguv85sbz91.png?width=740&format=png&auto=webp&s=79bc48f120e11d0938b25058f4b2d0a7b528d893) + +**Balance Sheet** \- Green is Good + +[GME](https://preview.redd.it/vz5rnyfasbz91.png?width=736&format=png&auto=webp&s=a2a7153efde268812ffa682e1bdea137671d0757) + +[AMC](https://preview.redd.it/ohu73fkbsbz91.png?width=739&format=png&auto=webp&s=268d25ea8fccada651ad75a9543276e9fca6cfd5) + +[BBBY](https://preview.redd.it/s07wc3qcsbz91.png?width=736&format=png&auto=webp&s=26f3f7bdf72d81176267a45db9472bbf3ee6f7c8) + +**Earnings and Revenue History** \- GME is the closest to becoming profitable. We know GME had higher than normal selling, general, and administrative expenses ("SG&A") due to transformation initiatives. + +[GME](https://preview.redd.it/x57515vdsbz91.png?width=722&format=png&auto=webp&s=e5e18f09a425b35136f26f3a5a59185c41e12eee) + +[AMC](https://preview.redd.it/41uqt9bfsbz91.png?width=738&format=png&auto=webp&s=4f5ed9ab4f262e629b5a5fb304211b6d28e6aa33) + +[BBBY](https://preview.redd.it/l7q2qhagsbz91.png?width=733&format=png&auto=webp&s=9b8fb1a25a8077dc8ae527f2dfd9a4e914236f24) + +**Insider Trading Volume** \- this tells us how employees feel about the company. Are they HODLing💎🙌? + +It's a good sign to see buying. It means they believe in the future of that investment, and find value in that price point. + +When Insiders are selling, it can be a red flag. + +# There's ONLY ONE COMPANY whose insiders bought during the year and didn't sell for profit: GME + +[GME - only sold for tax purposes](https://preview.redd.it/nmxxmklksbz91.png?width=757&format=png&auto=webp&s=05242f63c25ac216bc19f04de0962947a81c87bb) + +[AMC](https://preview.redd.it/ul0ma37msbz91.png?width=744&format=png&auto=webp&s=a97c0232fa9b122bc9e842b35d23c4d75b31b356) + +[BBBY](https://preview.redd.it/i37lu6cnsbz91.png?width=748&format=png&auto=webp&s=304724b395e8cfa8d5f5978a649bed2262df73ba) + +There's only ONE company with an Investor base who care enough to register shares in their names, and that's a SUPER BULLISH indicator imo.. it's another set of INSIDERS BUYING and not selling💎🙌 + +[GME](https://preview.redd.it/b16vu61qsbz91.png?width=643&format=png&auto=webp&s=7fa4b38b10c575cad20bec6c8fa6e6d7bdfa3d56) + +^(additionally, there's only one stock whose shareholders aren't suing them) + +&#x200B; + +edit to add: this has nothing to do with other subreddits and everything to do with JUST THE STOCKS + +&#x200B; +First off, shoutout to u/le_norbit for the post that highlighted the over-enthusiasm for NSCC-2021-006. + +[https://www.reddit.com/r/Superstonk/comments/n7qem3/rules\_still\_have\_to\_go\_through\_the\_approval/](https://www.reddit.com/r/Superstonk/comments/n7qem3/rules_still_have_to_go_through_the_approval/) + +I do agree that this regulation isn't the magic bullet that will initiate the MOASS. That being said, I don't agree that NSCC-2021-006 is just some random, meaningless corrections. + +\------- + +My theory comes from the conversations I've had with a close friend who is a lawyer. These conversations were from years ago, but they centered around the importance of wording in contracts. In one instance, my friend shared (without disclosing confidential information) of an instance where she was able to win a case for the company she worked for because a single word in a clause provided a wider interpretation than what was intended. + +Given the timing of NSCC-2021-006 and some of the specific changes that were made, I feel like this regulation is the NSCC's attempt to shore up any areas that may be used by the HFs to weasel their way out of their MOASS responsibilities. + +Case in point: + +&#x200B; + +https://preview.redd.it/grbqw8asjzx61.png?width=996&format=png&auto=webp&s=46182536a943d6e749b400760ebf6be07ecde1af + +Digging through the 006 document, the reason why the NSCC crossed out the part about the Interested Person's box is because the NSCC does not maintain any Person's box on the premises. And yet, this line was kept in all this time. From what I gather, this could be a legal loophole that could be exploited by Interested Persons to say, "I never got a notice in my box... because there is no box." + +&#x200B; + +https://preview.redd.it/2rvmehn8lzx61.jpg?width=620&format=pjpg&auto=webp&s=c18e28854f0a1eb707e71ac667424f6d974e4af2 + +Then there's this. + +&#x200B; + +https://preview.redd.it/vxvl6xnblzx61.png?width=978&format=png&auto=webp&s=bf4551fea27e87bf3068f77c3aac73445cdb1500 + +This is a seemingly small change from a lower case 'a' to an upper case "A". And yet, the change is significant because Affiliate is a defined term whereas affiliate is an undefined term. + +&#x200B; + +https://preview.redd.it/cirt7aqilzx61.png?width=977&format=png&auto=webp&s=de4de6801dbe9c4a934eb146808ee5a1376e4b9b + +TIN FOIL HAT TIME!!! + +These are just two examples of the small changes that were made that might go a long way of closing the legal loopholes that can be exploited when the rocket breaks through into outer space. This may also give credence to why the DTCC is dragging this out. As is suggested by all of the rule changes, the DTCC does not want to become the ultimate bagholder. They want to make sure that they're doing everything they can to pay as little as they can. + +That's why, for me, I see NSCC-2021-006 as just another part of that effort, and that is why I'm Jacques Tits. ([wikipedia entry](https://en.wikipedia.org/wiki/Jacques_Tits)) The MOASS has not been canceled, just delayed. The DTCC is making sure that every last penny is going to be wrung out of those who have been shorting GME. + +WE WILL GET PAID. + +Until then, please take inspiration from the man below. Belgium-born French mathematician Jacques Tits. + +&#x200B; + +https://preview.redd.it/8ydcl0sjnzx61.jpg?width=500&format=pjpg&auto=webp&s=950a3f58bcdeffcb8d04d0377956a9bc9a7d89f5 +My Dad is in prison for roughly the next 7 years. I have control of his finances and was wondering what I could do with about $50K that would be the smartest use of the money since he isn’t using it right now. Any advice is appreciated. + +The money is legitimate and legal. I have power of attorney and his permission. I understand about costs of living in prison and will leave money aside for that. +I saw a few comments from a recent post where people were defending trades. While not a tradesperson myself, are there any here? I think trades can be lucrative, especially for those who are business savvy and can turn themselves into a small business. +So, after the recent drop I got tempted to buy, then something really kicked in in my brain. + +1) I'm not really active on facebook since 2017. Every friend I have there I just checked and stopped to post or use it and just barely opens it. + +2) Facebook is a toxic, nasty degenerated place. Full of karens, consiparancy and idiots + +3) I advertise on 10 different platforms for my business and facebook is no doubt the absolute worst. First they basically do not have a support channel. Only a useless chat. + +Second, they 100% RANDOMLY BAN your ad account every few months, even if you are not using it or use it correctly. + +I met so many marketers and companies who were doing great on it, completely destroyed overnight cause they banned their account. + +But they do not stop there. Once you are banned, is for life. They track your ip, device, credit cards and everytime you try to open a new advertising account to start over, you just get banned instantly. + +They are so fuckin dumb and stupid about how they manage advertisers that I do not even know how to explain how they treat you and make you feel. + +3) whatsapp is not monetizable, apart that they spy your convo and vocals to advertise you better. + +4) Instagram WAS a great platform but, as facebook pages and groups, its just dying out. +You organically cant grow anymore unless you are a fuckin whore with onlyfans and your naked cheeks on every picture. + +I do not know if they will pull it off with the metaverse, to me it looks a stupid idea that nobody wants and care. + +Just the fact that they choose a name thay was already used and registred shows how fuckin scumbags the C levels are + +Just my 2 cents but I wouldn't touch it honestly. + +And... last... markets and investors generally we are all fuckin idiots with no clue so I could be wrong on everything and meta could triple in a year. +So, after the recent drop I got tempted to buy, then something really kicked in in my brain. + +1) I'm not really active on facebook since 2017. Every friend I have there I just checked and stopped to post or use it and just barely opens it. + +2) Facebook is a toxic, nasty degenerated place. Full of karens, consiparancy and idiots + +3) I advertise on 10 different platforms for my business and facebook is no doubt the absolute worst. First they basically do not have a support channel. Only a useless chat. + +Second, they 100% RANDOMLY BAN your ad account every few months, even if you are not using it or use it correctly. + +I met so many marketers and companies who were doing great on it, completely destroyed overnight cause they banned their account. + +But they do not stop there. Once you are banned, is for life. They track your ip, device, credit cards and everytime you try to open a new advertising account to start over, you just get banned instantly. + +They are so fuckin dumb and stupid about how they manage advertisers that I do not even know how to explain how they treat you and make you feel. + +3) whatsapp is not monetizable, apart that they spy your convo and vocals to advertise you better. + +4) Instagram WAS a great platform but, as facebook pages and groups, its just dying out. +You organically cant grow anymore unless you are a fuckin whore with onlyfans and your naked cheeks on every picture. + +I do not know if they will pull it off with the metaverse, to me it looks a stupid idea that nobody wants and care. + +Just the fact that they choose a name thay was already used and registred shows how fuckin scumbags the C levels are + +Just my 2 cents but I wouldn't touch it honestly. + +And... last... markets and investors generally we are all fuckin idiots with no clue so I could be wrong on everything and meta could triple in a year. +Hi. My NW is \~$4M and I'm still working remotely in some big IT company for \~$100k + equity \~250k/year. Single. + +I'm looking to move from some VLCOL country in eastern Europe to more enjoyable location where I'm surrounded with a lot of smart people and with a good access to mountains and/or sea (skiing, climbing, kitesurfing). + +I'll probably spend about half of the year there to preserve tax residency in some place with no foreign capital gains tax unless it already has such benefits. + +I was thinking about southern Portugal (and all the benefits of non-habitual residents program). +Switzerland also sounds interesting, but not sure if it's worth the cost. +I’ve been fortunate, and want to support my 4 siblings and parents. + +They are each in different financial situations. I’d like to give each of them between $100k-$200k so they can start investing, move to a better school district etc. + +What’s the most tax advantaged way to do this? There’s a $15k limit on cash. Can you buy them a house/car or fund 529 plans for their kids to give more than the $15k per year? + +They are all hardworking, responsible people. The goal is to provide some financial cushion and let them choose the best way to allocate the extra capital. + +*edit - I’m single, they are married +Interesting, its is very hard to beat the market and this has shown me how hard it truly is. + +I did some own research for June 30 and it was interesting what I came up with. + +Only 2 out of the 15 stocks I hold are beating the s&p500 as of June 30, while the rest are below it by 5-10%. + +Some that I have held and are long term holds, and I have done well over the time span but if I averaged it out, I believe would be close to this 17%. + +How is everyone doing against this benchmark? Do you reset your account at the end of the year to maximize gains? + +Are you happy, do you believe you can beat the SP 500 this year? What was the play that helps you beat the market at the moment. +I have a confession to make. Even after all the [analyses and strategies I have created](https://www.reddit.com/user/nobjos/?sort=top), I allocate most of my investments to the S&P500 while keeping some part of it for the moonshots. I have told the exact same thing to everyone who has asked me personally for investment advice. + +But as explained in this [fantastic article](https://ofdollarsanddata.com/the-problem-with-most-financial-advice/) by Nick, the problem with most financial advice is that it’s biased heavily towards your experience. I started investing in 2017 and have experienced nothing but a bull market (albeit the brief Covid-19 dip). But consider the situation of someone who started investing in 2000 or in the peak of the 2007 bubble. In both cases, it would have taken more than 6-7 years just to break even on their investments. I can’t even imagine waiting more than half a decade just for my investment to grow to its initial value, given the current market conditions. + +Given that there is no one size fits all approach in the stock market, in this week’s analysis, I am doing a deep-dive into the various types of investment strategies, the returns generated, and their limitations. + +I should warn you now that this is not about finding the strategy that gives you the most returns. This is more so about finding what type of investment strategy fits you the best. While putting all your portfolio into crypt\* might end up giving you a 10,000% return (which is fully viable for a 20-something-year-old with a small portfolio), having an 80% drawdown is not something a 50-year-old with a retirement account would be looking forward to. + +The point I am trying to make here is that investing isn’t an absolute game, it’s a relative game. What fits you perfectly might be terrible for others. Your risk tolerance might be way higher. So I am offering you a choice: + +[All I’m offering is the truth. Nothing more.](https://preview.redd.it/djttp8bdzdj81.png?width=700&format=png&auto=webp&s=72279b8af4bf16dcdacff63120f80f5d514aa008) + +>*You take the blue pill, the story ends, you can close the page now and believe that DCAing into S&P 500 is your best bet. You take the red pill, you stay in wonderland, and I show you how deep the rabbit-hole goes.* + +https://preview.redd.it/9vxcbcg5zdj81.png?width=1728&format=png&auto=webp&s=4ff1c8397b104cdf30d5042a4ec90adbe5038f39 + +Let’s start with the various types of investing strategies that are out there. Granted, this is not a conclusive list of the various types of investments, but I have tried to cover the popular strategies that are out there. + +Before we jump into the results, now would be the right time to explain some concepts relating to how to analyze your investments objectively. + +a. **Cumulative Return:** It’s the total return you would have made on your invested amount. Let’s say you invested $100 and over the next two years the investment went up to $200. Then the cumulative return is 100%. + +b. **Rate of Return (aka annualized return):** It’s the measure of how much your investment has grown or shrunk in an annualized format. This allows us to compare investments that are active across different time periods. + +b. [**Sharpe Ratio**](https://www.investopedia.com/articles/07/sharpe_ratio.asp)**:** Sharpe ratio measures your investment return while making an adjustment for risk. For example, two investors A & B generate a return of 15% and 12% respectively. However, if A took much larger risks when compared to B, it may be that B has a better **risk-adjusted return**. All else equal, the higher the Sharpe Ratio, the better is your investment. + +c. **Max Drawdown:** This is the maximum observed loss from a peak to a subsequent bottom of the portfolio. It is an indicator of the downside risk over a specified time period. A 30% max drawdown implies that your portfolio was down 30% from its all-time high at some point during your investment period. + +**A quick note on how the investments are made:** I am considering an equal amount invested monthly into every strategy (Since this is the most realistic way of investing for a large majority of investors and lump-sum investing returns are heavily influenced by the starting point) \[1\]. + +https://preview.redd.it/87uprhj5zdj81.png?width=1728&format=png&auto=webp&s=99c2a247bb54400f0234217d968190395d666a92 + +**SPY and Chill** + +I feel that this is one of the most common types of investment out there with a person investing an equal amount into SPY every month and holding on for a long time. The basic principle behind this strategy is that the stock market as a whole will keep rising over the long period as the national economy grows. Wealth creation would be possible by just tagging along with the index rather than trying to pick and choose winners within the stock market. + +https://preview.redd.it/kkv55rsgzdj81.png?width=1233&format=png&auto=webp&s=4d896896d6e1ec867c40f2510eee145c537de63e + +As expected, just investing in SPY gave an excellent annual return of 12.3% over the last two decades. On the flip side, since your portfolio is consisting of 100% equity, you would have experienced a max drawdown of \~40% at one point (Around the 2008 crash). The fluctuations in the portfolio value are also captured by the low Sharpe Ratio of 0.62 which showcases that you are not adequately compensated for the risk that you are taking by holding 100% equity. + +In most statistical tests, it is usually required to set a base rate - To see what is the “average” rate of success. The SPY’s rate of returns and risk is usually set as the benchmark because it accounts for the bulk of “safe returns”. Any returns outside this are usually accounted to an edge, the “alpha”, and finding that edge is what beating the market is all about. \[2\] + +https://preview.redd.it/g5j37cg5zdj81.png?width=1728&format=png&auto=webp&s=a596a3ea3c417089e2585df91847c50d02cb6475 + +**Balanced Portfolio** + +[50&#37; Stocks. 50&#37; Bonds. Perfectly balanced, as all things should be.](https://preview.redd.it/pmq1ss4izdj81.png?width=557&format=png&auto=webp&s=ff54e80e963ba1e2a63741d08a6a8acbfbf9ccfa) + +This is the type of investment strategy where you are taking a balanced approach to investment. Having a 50:50 split on stocks and bonds would definitely impact your overall returns, but you can sleep better knowing that even in the case of downturns, your portfolio is well protected. + +https://preview.redd.it/0n2fxe1jzdj81.png?width=1327&format=png&auto=webp&s=7f2857fa8e49866b95a1ffb166f2896fa05c76c7 + +While the balanced portfolio did end up giving lower returns, it’s much better in terms of the max drawdown. Your portfolio would only have had a max drop of 14% when compared to the 40% drop experienced by SPY. Adding to this, the portfolio has an excellent Sharpe Ratio of 1.35 when compared to just 0.69 of SPY during the same period. + +https://preview.redd.it/i9uzbavjzdj81.png?width=1074&format=png&auto=webp&s=5c5fb0c713992ab8f1c69c4d81419b697b4270e8 + +What’s even more interesting is that the portfolio ends up performing better than SPY during crashes\[3\]. As you can see from the backtest, during the financial and Covid’19 stock market crashes, your portfolio would have done much better than the market. The 2.5% CAGR \[4\] you are sacrificing by not going 100% in SPY is rewarded in terms of a better portfolio during the tough times. + +>*Harry Markowitz, the father of Modern Portfolio Theory, himself preferred the balanced strategy though his models indicated a more nuanced split. His reasoning was that it allowed him to sleep better at night.* + +[Link to the balanced portfolio backtest](https://app.composer.trade/symphony/Vhhi0M0jPwArFBskS258/details) \[5\] + +https://preview.redd.it/xvnj7xg5zdj81.png?width=1728&format=png&auto=webp&s=3c4f59cf4b939ae34c0a85e8fce4c710c13bec87 + +**Diversified Portfolio** + +In this type of investment, we are looking to get a piece of all types of companies. I have considered **an equal split (33.33%)** between Large-cap, Mid-cap, and Small-cap funds. + +https://preview.redd.it/9mubz0elzdj81.png?width=1327&format=png&auto=webp&s=40e85cda2a6d4ad2adde1a4ee1a9b221b6498570 + +The proposed type of diversification lessens the portfolio risk (as can be seen from max drawdown) but at the same time ends up giving a slightly lower return than purely holding the S&P 500. If you consider the Sharpe Ratio, SPY performs slightly better as you would have had similar fluctuations holding a diversified portfolio while generating slightly lower returns. + +I expected that the addition of Small and Mid-Cap should have generated better returns than SPY, but my hypothesis here is that the heavy concentration of tech stocks in SPY (\~25% now) pushed the rate of return higher than that of the diversified portfolio containing small and mid-cap stocks given the recent performance of tech stocks. This brings us to the: + +&#x200B; + +**Tech Enthusiast** + +Another one of the common strategies that has paid out handsomely over the past few decades. In this, we are allocating 100% of our monthly investments towards Nasdaq-100 (QQQ). \[6\] + +https://preview.redd.it/mcddi21nzdj81.png?width=1336&format=png&auto=webp&s=f601e9070104eb263d15dbaa59e53105f9dffcf5 + +Well, would you look at that! Over the last 2 decades, **QQQ has returned more than double the investment return of the S&P 500**. This can be attributed predominantly to two reasons. + +1. Tech stocks had an amazing run due to the advances in tech as well as the availability of cheap capital after the 2007 crisis. +2. Our starting point (2002) is heavily biased towards QQQ. It’s the lull after the 2000 dot com bubble. If we had started the same analysis in say 1990, we would have had a very different result (QQQ dropped 78% from its peak compared to only a 46% drop in SPY during the same period). + +Having 100% of your investment in one sector that performed phenomenally is bound to give stunning portfolio returns. Hindsight 20/20! + +https://preview.redd.it/ogngegh5zdj81.png?width=1728&format=png&auto=webp&s=369f61976e26408e095ff061031bae173dd4a4ff + +**Growth Seeker** + +Here we are only focused on growth. Our investments are towards companies that are fast-growing. Since we are taking a higher risk on these growth stocks, we expect a higher portfolio return over the long run which is exactly what happened over the last 2 decades. + +https://preview.redd.it/scesx2yozdj81.png?width=1332&format=png&auto=webp&s=7acd9d8aa45191844fc7d5cf7a84dedd9c603cae + +But once again this can be closely associated with investing in QQQ. I had considered Vanguard Growth ETF as my growth fund and as of today, their top 5 holdings are Apple, Microsoft, Google, Amazon, and Tesla. **We are in a very rare time period where the largest companies in the world are considered to be the ones that are growing above the market rate!** Adding to this, going 100% on a growth fund gave us better risk-adjusted returns than just investing in the S&P 500. + +**Buying the Dip** + +The idea here is simple. In this type of investing, you would not invest in the stock market and keep accumulating your cash position waiting for a crash. While this is a risky strategy, the returns do justify that investing during a crash tends to give you the best return. + +https://preview.redd.it/7rr21twpzdj81.png?width=861&format=png&auto=webp&s=2a75fd510135fe3ed1882c452e3a532814723953 + +I had already done an extensive analysis on Buying the dip that highlights the limitations as well as the nuances around buying the dip that is a must-read in case you are trying to replicate this strategy. + +https://preview.redd.it/21cqpyh5zdj81.png?width=1728&format=png&auto=webp&s=8bd2120aa029a185c1054bcb904ffb0b9b18cf69 + +Phew! That was a lot to digest for sure. As I said in the beginning, this was not about finding an investment strategy that generates the most amount of returns. This was more about finding a strategy that fits you. + +Maybe you are still in the SPY and Chill bucket and want the simplicity associated with your portfolio. Or maybe you were swayed by the excellent drawdown protection of the balanced portfolio or the eye-popping returns generated by tech enthusiasts. Finally, you might want to dip your toes in the crypt\* market after seeing the 10,000%+ returns if you have an above-average tolerance for risk. + +We have barely scratched the surface here and there are many more strategies out there that we haven’t covered that might be perfect for you. The idea here is that there are much better strategies (both in terms of risk-adjusted returns and max volatility) than just investing in the S&P 500. It’s up to you to find one that fits you the best! + +In the immortal words of Morpheus, + +https://i.redd.it/8pwiqj600ej81.gif + +https://preview.redd.it/lhcg9bj5zdj81.png?width=1728&format=png&auto=webp&s=7c395d2c3d3c5ae3e0577f40ebad10214eee2841 + +Data used in the analysis: [**Here**](https://rows.com/market-sentiment/my-spreadsheets/untitled-spreadsheet-3-6FxZVmEYa4DNdVYzn4LTZx/live) + +Lumpsum investment backtests : ([SPY](https://app.composer.trade/symphony/OV3ohHkJ4tKA6HqqSfle/details), [Balanced](https://app.composer.trade/symphony/Vhhi0M0jPwArFBskS258/details), [Diversified](https://app.composer.trade/symphony/aXiDzYzGFlraxOVfSXtL/details), [Tech](https://app.composer.trade/symphony/BOH7t4anTqXMBc2iA78F/details)) + +**Footnotes** + +**\[1\]** For example, in case you are considering lump-sum investing, placing the starting point in the dot-com bubble (2000) would give vastly different results than if you consider your starting point as 2002. Case in point, [CISCO stock](https://www.google.com/search?q=cisco+stock&rlz=1C5CHFA_enIN981IN981&oq=cisco+stock&aqs=chrome..69i57.2312j0j7&sourceid=chrome&ie=UTF-8) still hasn’t breached its dot-com bubble value. + +\[2\] Though there are a few other factors now that are recognized as adding minor increases to the market returns - Such as value, growth, small-cap, etc. + +\[3\] Please note that this backtest is made using a lump-sum investment and not a monthly investment. It’s more for the purpose of an insight into how holding bonds can be beneficial in case of a crash. + +\[4\] While 2.5% CAGR does seem negligible, if you look at the cumulative returns, the 100% SPY portfolio gives 293% vs the balanced portfolio only returning 192%. That’s a difference of \~100% on your returns! Yeah, compounding is a b\*\*\*h when it works against you. + +\[5\] Please note that this link is for lumpsum and not DCA. + +\[6\] I know that QQQ is not completely tech but when compared to the 23% allocation towards tech in S&P500, QQQ has more than 70%+ allocated to tech. + +\[7\] The returns here are calculated using an investment period between 2014 and 2021. +Most of you maybe already aware of this, but I just found about it recently. + +https://www.numbeo.com/cost-of-living/ + +Wonderful site to compare cost of living in different cities around the world. + +I specifically like this sub pages (in addition to the one I posted above): + +https://www.numbeo.com/cost-of-living/calculator.jsp +https://www.numbeo.com/property-investment/comparison.jsp +https://www.numbeo.com/cost-of-living/estimator_main + +Enjoy! + +Though I’m new to trading, I learned very early on that scalping would be my best approach. Other traders in chat groups I’m a part of have urged me to broaden my trading approach, since there is a lot of pressure in scalping to stay alert and time entries/exits precisely, and while I do listen to them and try to integrate more ways to trade into practice, scalping is still my bread and butter at this time. + +The reason I scalp is that I actually find it less pressure-filled than holding trades longer. When I’m not in a trade, I can concentrate on my planning, chart reading, and suitable entries, but when I’m in a trade, my primary thought is “how do I bail on this before it turns on me?” I know some people sleep easier at night when they’re holding trades (not investments), but I don’t; that price can always turn, and I don’t want to be in it when it does. + +You? Why do(n’t) you scalp? +The digital yuan may give China a technological advantage over the dollar but at the end of the day both the dollar and the yuan are mass printed worthless pieces of government branded toilet paper. + +The economy that will come out on top, is that with the largest stockpile of quality decentralised cryptocurrencies such as Bitcoin +I wanted to share my YOLO story with everyone! (images below text): + +I like to think I am one of the biggest ROKU bulls around. Despite following ROKU since the IPO, I had missed most of the gains in 2019. When COVID crash came I said to myself if there was an opportunity to get ROKU again I would scoop it up with every freaking penny I could. + +I YOLO with just over 500k in options in April 2020. My strategy was to buy 6 month call option contracts so I could weather any storms, and I did right out of the gate between April to June. + +Sold my OCT 17 2020 calls which I bought in April on Oct 17 for 2.3 million. I YOLO that 2.3 million into more 6 month calls expiring in APRIL 2021. + +Current market value over $18,000,000 (CAD) + +Kicker is - I think ROKU is going to double again this year all day long... I am all in on this play until ROKU is done printing money... Going to 30 million, 50 million then 100 million even if it takes a few years. + +Go ROKU!!! + +My second batch of ROKU trades acquired on Oct 17, 2020 below. + +Disclaimer: \*Obviously\* I am long ROKU. I’m not a financial advisor, don’t take this as financial advice. Always do your own due diligence. + +&#x200B; + +https://preview.redd.it/brthrtfreig61.jpg?width=1278&format=pjpg&auto=webp&s=c8e9a4507588ad8f8a16db2751e60f511a4e1e3d + +&#x200B; + +https://preview.redd.it/m03y0cgseig61.jpg?width=1278&format=pjpg&auto=webp&s=6eaef3f20ab8e7d2b3d3236ea9cdf0cb3a621bf5 + +&#x200B; + +https://preview.redd.it/fq08f59teig61.jpg?width=1277&format=pjpg&auto=webp&s=08abbb46d29b8f8887bcd52baf4841aefa67c175 + +&#x200B; + +https://preview.redd.it/34pxssxteig61.jpg?width=1278&format=pjpg&auto=webp&s=7b1f4cfd15b57a7ea89b86fc653e129d5eb21b9a +Source: [https://news.shopify.com/changes-to-shopifys-team](https://news.shopify.com/changes-to-shopifys-team) + +The stock is down about 16% on the news. + +The US ecommerce adoption chart from Tobi's post looks pretty dire for ecommerce generally. Not only is ecommerce growth slowing from its pandemic high, it appears to be shrinking rapidly. This could mean more bad news to come for AMZN. +It is with great sadness and disappointment that I bring you the news that our one true father of autism and all that is green, /u/SoRefreshing has deleted his account. + +May he rest in tendies. Amen. +I work full time so I earn about £1400 per month and am also a uni student but due to rent (£900 including bills), daily expenses for me and my sister, I barely have anything left at the end of the month. I don’t have any other family members as both my parents have passed away. I try to cut costs as much as I can but i don’t know what else I can do. Any tips/advice? +I currently get 3.6% interest on my AMP bonus saver. I simply have to deposit $250 per month. Nice return and convenient. + +But yesterday I received their incredible new announcement. + +The bonus interest rate will increase to 4.10%. + +However it will come into effect on 1st April, 2023, 5 months away. + +Why advertise this rate increase 5 months in advance? + +So they have an excuse not to raise their interest rates with the RBA as they continue to go up over the coming months? + +Sounds like a pure marketing gimmick to me. + +Just made me SICK reading their email. +Received a dental exam yesterday after years of being uninsured and unable to afford basic care. After my exam I was shown the breakdown of work needed which includes multiple implants and many crowns totaling nearly $60k, about $12k per phase of the plan that was drawn up. I hands down cannot afford this as a minimum wage worker making less than $30k a year. Dental insurance provided through my employer only covered around $160 of what I need done after an emergency extraction I needed in January. I've looked into local options for reduced cost/sliding scale services but they told me I do not qualify because I am insured, regardless of if I can afford it. I also looked into financing but at best I'm paying nearly $1,500 a month for the next 5 years. + +I don't know what to do and the longer I wait the worse things are going to get. This has been sending me into a multitude of panic attacks and I'm nearing my wits end trying to figure out how I can get back on track without sacrificing a roof over my head and being able to feed myself. Any help/advice would be greatly appreciated. +I don’t have a car, the nearest shelter is about an hour travel from here, and I have no money. I’m a recent immigrant, so I have no friend or family here. The only churches near me are mormon churches, no one stays there’s unless there’re services, so knocking at 10 pm would be useless. Please, any advice would be appreciated, my anxiety is really bad and I don’t have my meds, I don’t know what to do. +I personally don't invest in stocks, I follow a couch potato approach. But regardless, everywhere I read people say that it's essential to include bonds in a well diversified portfolio. + +I never understood the reason, and I can't seem to find it. I recently read the book Millionaire Teacher, which was the closest I got to actually giving a reason for it: he said that during the 2008 crash, thanks to having bonds, he was able to sell some of his bonds and transfer it to buy cheap index funds. Other than that, he kept mentioning dozens of times how bonds are so important, but never gave a reason. + +So essentially the only reason I could find was "it'll ensure you have money to put in the market when a terrible dip happens". But that seems pretty weak an argument. + +To me it seems like if it's so agreed upon that the markets will generally always win in the long run, then why do we need to place money in bonds for the few years when markets don't win? It seems counter intuitive. + +Any explanation would be appreciated! + +PLTR - Data Analysis, AI, Machine Learning for Terrorism/Government Use + +NIO - Potentially a solid growth company if it drops a little further + +RKT - Online Mortgage Lending, Basically what Tesla is to Gas Combustion Engines + +RDFN - someone mentioned Redfin to compliment RKT and I totally agree + +SQ - constantly moving forward in anything money, possibly interrupting the visa/mc area/CC’s + +FNKO - Hear me out, HUGE potential for growth. Potential buy out from Disney. Already in a partnership with them for an animated series on Disney+ + +Tesla - Because AI taxis, cars, batteries, you already know + +TikTok - Can potentially turn into a YT competitor if they allow for longer video uploads and possibly new UI design + +Roblox - kids fucking love it + +LULU - Nobody can touch Lulu, not even Nike + +Starlink - can potentially be the global supplier of WIFI (when/if it IPOs) + +I don’t care to invest in growth companies of the present, I’m looking for growth companies of the future and I think I’ve found them + +**Note:** + +**I’m holding $63,000 in RKT, $40,000 in BIGC, $6000 in TTD and $6000 in GME** + +The positions above are not what I’m holding. They’re what I would like to hold. + +Not sure why you guys are asking but I don’t really follow anyone on social media for stocks. Really only listen to myself. + +If I *had* to choose I’d go with MEETKEVIN, that chicken Asian guy that likes Tesla, Steven mehr I think his name is on YouTube for macroeconomics, butimnotatrader dude just posts raw info and he’s right a lot, that financial advice 2 guy with the hat and probably game of trades for the TA? + +Not sure why so many people were upset at my positions, here they are: https://imgur.com/gallery/k9BCep8 +So in states where rent is 1200-1500. Houses are 300,000 that’s if we get lucky. +(Colorado) +And me and my wife together make around 50,000 a year gross income. +Are we just going to have to rent forever unless we get a job that pays more. Neither of us have degrees or anything. We are looking to going back to school but we just had a son so it’s kinda on the back burner. + +Will we have to rent forever? + +Edit: 9:19pm est ok so now my new question is just rent or buy? Rent would be 1500-1600 or buy a house 300,000 5-10% down +So I am preparing for a debate between Austrian economics and Keynesian economics, I was wondering if anyone have any thing they would recommend that I look at/arguments to use, answers concerning both sides of the argument would be greatly appreciated. +Hi everyone, + +Let’s start with this very very interesting tweet tread that basically ties the RRP (reverse repo) to the change from Libor to SOFR. After the funny meme summarize. + +**To meme summarize:** + +Central banks and SHF: And we took these BONDS that are backed by LOANS that are backed by HOMES and use them as backing for NEW LOANS to make NEW BONDS and then repeat, what can possibly go wrong? + +Everybody else: So how does that exactly benefits us? 0. + +————— + +**RRP TIES WITH LIBOR TO SOFR** + +Let’s start learning. + +The changes from LIBOR to SOFR has been one of my biggest catalyst from when THE CHAOS THEORY was created and the crazy melon guide to the moon (months ago). + +Please read this tweet before continuing reading. + +https://twitter.com/thelastbearsta1/status/1471925082532499465?s=21 +🌟🌟🌟 value info dont skip + +This tweet provides clear information on how central banks and Libor manipulators are using the RRP to get “good” short term collateral, at the same time that causes a manipulation on the 3mo/ 1yr/ 2yr/ 3yr UST yields. + +The FED and banks are twisting the yield curves. Might be the new way to manipulate SOFR since the new interest rates are calculated with those yields and not self calculated. + +In my honest opinion, they been using RRP to prepare for what’s coming, this is so dangerous and the minimum error can cause a massive collapse of the entire system. + +————————- + +**Why is this a big deal?** + +THIS IS THE MOTHER OF ALL BAGS OF SHIT. We are talking about amounts bigger than the economy itself. + +A massive portion of the derivatives market (it’s on the quadrillions now), is attached and linked to all the banks loans, tons of bets and debt with leverage that is basically bigger than economy itself, so, AFFECTS EVERYONE in this earth directly or indirectly, the magnitude need to be understood. + +Check for yourself, this is the list of bag holder and how much shit: + +https://imgur.com/a/CEETnne (so many trillions!) 🌟🌟 + +Just JP Morgan itself is sitting on over 53 TRILLION! + +https://i.imgur.com/AuR8SOB.jpg + +Notice that Goldman is also leverage 200:1 that’s insane! + +Photo of world assets as reference: + +https://imgur.com/gallery/vv33GAA (this is from 2019 and it was already that big). 🌟🌟 + +As a reference for magnitude: + +1 million seconds is 0.0317 years +1 billion seconds is 31.17 years +1 trillion seconds is 31,709 years + +This changes were going to be in effect at the end of 2019 but on September 17 almost crashed the market, then moved the date due to Covid to June 2021 and delayed again to 31 of December. + +“conveniently” Covid came to play (not saying that’s the reason why Covid exist) but definitely used as a scapegoat to delay those changes to mid 2021 then 31 of December. + +This time to December 31, 2021. + +Yes! The day in which everyone is gonna be so focused in the New Year’s Eve and the fireworks and everything, and not be looking into this. + +Let me refresh you how big the change from LIBOR to SOFR is copied from the DD above that is months old. + +———————————— + +**LIBOR to SOFR** + +READ THE CHAOS THEORY DD](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) to have the proper DD about this. (recommend the whole saga!!) + +Changes from Libor to SOFR were meant to happen in 2022, but guess what? + +They pushed to June 2021!!! + +Update: the DD was written before June and I was so excited just to find out, was pushed again to December 31 TOMORROW! + +Original schedule changes here + +[https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab\_2](https://webstorage.paulhastings.com/Documents/PDFs/timeline-for-libor-transition.pdf?sfvrsn=363ea8ab_2) + +**This is massive!! Why?** + +Banks used LIBOR to manipulate their self created and self reported interest rates in order to be favorable and give away (lending) money left right and center. Where did tons of that money go? To HEDGEFUNDS, management and so on! The fat bonuses and feels to me like the perfect way to money launder (this is speculation of my side, educated one tho). + +They borrowed money from banks for almost no interest rates no matter how the economy and inflation was. + +Update of the DD: They kept on printing, to the point the inflation is 6.8% and everything it’s going up and up! during an unprecedented pandemic!!! For what? SHORTING and INCREASE THE WEATH GAP. + +But that’s not all, check the real inflation using the original non manipulated formula. + +https://twitter.com/friendlymelonc1/status/1469955006040186881?s=21 +🌟🌟🌟🌟dont skip + +They need to increase the interest rates since is one of the main tools to control inflation, also need to stop printing and instead recall money itself since the increase money supply is diluting the value and buying power of it. + +But they can’t do that, the market itself is so high on the injection of money that by stopping that will actually collapse the entire economy, that’s how fucked things are right now. + +https://twitter.com/friendlymelonc1/status/1476236795922710533?s=21 +🌟🌟🌟🌟 dont skip + +Even a ex member of the FED board that had to deal with this similar problem leading to a recession in 1970s has been warning about it, bernanke did this intentionally in 2010 against all warnings to basically steal from everyone and funnel all the value and money to the banks and the rich, Powell continued doing so on an even bigger scale. + +Both of them are the biggest thief’s in history. + +**Wtf??** + +Now you wonder why during a pandemic the whole market was “healthy” and up and growing right?? Inflating business with naked shares and more… + +The SP 500 it’s been touching record highs over and over, that is not normal, and the economy it’s not “fine”, it’s been artificially pumped by the huge amount of printing! + +You know where that money is going, central banks, MMs, SHF and upper management of business to pay themselves fat bonuses. + +**So what all this changes mean?** + +With Libor banks set interest rates themselves for their loans to business, institutions, people or the government) according to how the economy is, “using” indicators like inflation among others. [Read about it here.](https://www.investopedia.com/terms/l/libor.asp#:~:text=LIBOR%20is%20administered%20by%20the,data%2Ddriven%2C%20layered%20method) + +The banks have been manipulating this FOR A LONG TIME. Especially after 2008. + +I guess they wanted to recoup their loses and because being HOLDINGS now, they wanted to be bigger and bigger. + +CHECK ON MELONS DD on what Holdings means, and how fractional banking works (huge massive scam all interconnected and networked). + +**BOOM! The greed** + +They got too greedy.... :( Even during the pandemic they gave away loans at very low and favorable rates, it was more than obvious that the economy wasn't right... they needed to raise the rates! + +They didn't!! + +With the money they been also purchasing tons of real estate, TONS! And they still don’t want to slow down, no tapper yet! Insane! + +Now they are full of this bad bad loans with subpremiun and adjustable rates, but everything was ok as long as they kept on showing those fake interest rates right? + +SOFR arrives!! + +SOFR was almost implemented on 2019 and almost caused a massive crisis!! **BUBBLE ALERT!** + +why? + +**Lets find out what SOFR means** + +[What is SOFR?](https://www.investopedia.com/secured-overnight-financing-rate-sofr-4683954) + +https://www.jdsupra.com/legalnews/libor-transition-to-sofr-a-brief-9557503/ + +The secured overnight financing rate, or SOFR, is an influential interest rate that banks use to price U.S. dollar-denominated [derivatives](https://www.investopedia.com/ask/answers/12/derivative.asp) and loans. The daily secured overnight financing rate (SOFR) is based on transactions in the [Treasury](https://www.investopedia.com/articles/investing/073113/introduction-treasury-securities.asp) repurchase market, where investors offer banks overnight loans backed by their bond assets. + +So the interest rates are not going to be self reported by the banks, but instead the government is going to provide those rates to the banks based on the repo market. + +They believe is a better option than letting the banks manipulate the rates for their advantage. + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +FROM THE **CHAOS THEORY:** + +Introducing **SOFR (Secured Overnight Financing Rate**)!!!!! This is a MASSIVE 200 trillion dollar transition that will take place over the next few years. + +**OH and it almost imploded the entire fucking market the first time it was attempted to be implemented back in 2019** [https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm](https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm) + +[Definition](https://www.investopedia.com/terms/t/treasurybond.asp) + +brilliant ape make the [**CHAOS THEORY**](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) and explains a lot of what im saying here. **A MUST READ** + +[https://www.reddit.com/r/Superstonk/comments/mseyai/chaos\_theory\_the\_final\_connection/](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) + +I'll let the rest to the CHAOS THEORY, very well explained. + +This DD also has tons of information and been telling us for a long time, apes can get more awareness here. + +https://www.reddit.com/r/GME/comments/n2hjnk/13_the_ultimate_dd_guide_to_the_moon_crazy_melon/?utm_source=share&amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;utm_name=iossmf + +——— + +TDLR: 🌟🌟🌟🌟🌟 + +- It is better to read the whole thing to get the picture. + +- Central banks and large banks have been manipulating interest rates on LOANS (affects all loans directly or indirectly) trough LIBOR, this made up rates have been self reported and self regulated by central banks. + +- There are indicators that the RRP is the way they been preparing to this change, RRP been used to manipulate the UST yield curves that is gonna be used to calculate interest rates. + +- Inflation numbers are fake and using the original I corrupted formula is ~15% now + +- The markets are kept afloat by the FED printing and directing that money for the banks, wealthy and rich. Creating asset bubbles in every industry. + +- Bernanke and Powell are the biggest thief’s in history of humanity. (Based of monetary decisions that affect everyone’s value). + +- This is unsustainable and if they stop printing, increase interest rates or tapper will bring the economy down and to a recession, it’s been warned since 2010 and they didn’t care, instead they started to steal harder. + +- Central banks greedy fucks are overleveraged to tits! + +This abuse has created the MOTHER OF ALL BUBBLES. + +This bag of shit is as big as the economy itself and affects every person in this planet. + +No new loans on LIBOR past 31st of December 2021 + +This will out a massive stress and pressure on the banks books, especially the ones with massive amounts of loans and this bag of shit. See image bellow, (JP Morgan is sitting on over 53 TRILLION or exposure while Goldman is leveraged over 100:1, check yourself in the documents attached). + +For new and old apes, be aware, a lot of things are coming and the market is standing in a fine edge. + +Buckle up!! This is gonna be a bumpy ride! + +Can’t stop, won’t stop. GameStop now! + +Buy, Hold and DRS! That’s what I’m doing. + +**THIS IS FOR SURVIVAL. Why?** + +Everyone is being priced out from buying houses, no housing no stability, can’t afford having kids. No kids means countries that have already a massive exponential gap of size (China and India) will grow exponentially bigger than any other countries/races. + +**In the mid/long term will cause EXTINCTION OF ENTIRE RACES.** + +This post is EDUCATIONAL ONLY, shouldn’t be take as financial advice, if you require financial advice please visit a qualified professional for it as this is nowhere near financial advice, please do your own research and make your own conclusions based on your learning. + +🍉 out + +🚀🚀🚀🚀🚀 + +Extra posts that might interest: + +https://www.reddit.com/r/Superstonk/comments/r3k6ok/libor_sofr_onrrp_and_why_it_may_be_a_bigger/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf +🌟🌟 +The derivatives on this market is astronomical, the biggest banks are sitting in trillions and trillions of those massive leveraged loans calculated with Libor interest rates, that’s about to vary when SOFR takes affect and will put a lot of pressure and stress on their books. I think fireworks mixed with other catalysts. + +Edit: added 🌟🌟🌟to point out important gold quality material and information. +Hi there, + +I work for leading energy company in the UK and for people who may struggle going on 80% of their wages thought I could give a bit of advice on how to cut their energy bills down (electric and or gas). + +Firstly if you've applied for a warm home discount payment, you still have time to receive it till the 31st march (I seen a payment go out on friday). + +Secondly, if possible, look on the online app or website and see if there are cheaper tariffs to go on - I also cannot stress this enough, our company's cheapest tariffs are not available over the phone they are on Uswitch. If you are able to use the internet and are okay not receiving a paper bill, sign up for an online tariff cause they can usually save you at least £10-20 a month which adds up over time. If you currently pay on receipt of bill, check out how much a direct debit would cost as that can also save you money. + +If you are unable to pay this month, contact your energy company (the lines are crazy right now as we are on reduced hours however most energy companys you can contact via online chat or fb messenger meaning you don't have to waste your minutes, it will take longer but you don't have to sit waiting listening to hold music). You can ask if you can put a promise to pay on the account - currently we can put them on for up to 30 days however there are discussions of us getting authorised to put them on for longer. This stops any escalation towards a credit default being put on as well however bear in mind you would have to pay after 25 days as it can take up to 5 days for the bank to totally clear the payment and the payment to attach to the correct energy account. + +Tell us if you wish to cancel your direct debit as we can put you on receipt of bill instead - if you cancel directly with your bank without telling us we put it down as a bounced payment and if you have 3 bounced payments within 12 months you won't be allowed back onto a direct debit again until the date of the 1st bounced payment has passed. + +If you are unable to take meter readings for a property because of self isolation and believe the estimated bill your company has produced is too high for your usage, ask us to put a lock on the account because of an outstanding issue and we will make note that you are unable to take meter readings due to isolation. A lock lasts up to 30 days so if still unable to take meter readings, contact us after those 30 days and we will see what we can do. + +Lastly, most energy companys have a phoneline that advises on how to be energy efficient and figure out where most of your energy usage is going. A lot of the info they have is really useful (I cut my bills by from £80 to £65 a month just by making simple lifestyle changes). + +If anybody has any questions that I could possibly help with, please ask. I'm not fully trained on prepayment meters but might be able to help or explain things further. +Pending edit: TA;DR: to be added for each rule + +# TL;DR: + +|Rule|Status|Latest Effective Date| +|:-|:-|:-| +|**SR-DTC-2021-007**|✅|Apr. 30, 2021| +|**SR-DTC-2021-006**|✅|Apr. 22, 2021| +|**SR-DTC-2021-005**|❌|n/a| +|**SR-DTC-2021-004**|✅|Mar. 29, 2021| +|**SR-DTC-2021-003**|✅|Mar. 16, 2021| +|**SR-DTC-2021-002**|✅|Apr, 24. 2021| +|**SR-DTC-2021-001**|✅|Feb. 10, 2021| +|**SR-FICC-2021-002**|✅|Mar. 29, 2021| +|**SR-FICC-2021-001**|✅|Apr, 24. 2021| +|**SR-NSCC-2021-802**|✅|Jun. 28, 2021| +|**SR-NSCC-2021-801**|✅|May 2, 2021| +|**SR-NSCC-2021-004**|✅|Mar. 29, 2021| +|**SR-NSCC-2021-003**|✅|Apr. 24, 2021| +|**SR-NSCC-2021-002**|🕒​|Jun. 16, 2021| +|**SR-NSCC-2021-001**|✅|Mar. 5, 2021| +|**SR-OCC-2021-801**|✅|Apr. 8, 2021| +|**SR-OCC-2021-004**|🕒​|May 15, 2021| +|**SR-OCC-2021-003**|🕒​|May 25, 2021| +|**SR-OCC-2021-002**|✅|Jan. 21, 2021| +|**SR-OCC-2021-001**|✅|Jan. 19, 2021| + +&#x200B; + +# 01: Introduction + +With all the new rules flying through, I was beginning to get a bit lost and decided I needed a summary and breakdown of it all going on to make sure I know what is what, what is approved, when and why it is important. + +# 02: Definitions + +Firstly, let's summarise who is who as a quick refresher. + +Registered clearing agencies: + +* The Depository Trust Company (DTC) +* Fixed Income Clearing Company (FICC) +* National Securities Clearing Corporation (NSCC) +* The Options Clearing Company (OCC) + +&#x200B; + +There are two types of rules that are submitted to these clearing agencies: + +* Proposed Rule Change Filings + * Any rule with the reference SR-XXX-2021-**0**XX +* Advance Notice Filings + * Any rule with the reference SR-XXX-2021-**8**XX + +&#x200B; + +Index: + +* Approved ✅ +* Pending ​🕒​ +* Missing ❌ + +# 03: DTC Rules + +**SR-DTC-2021-007** \- Proposed Rule Change to update the DTC Corporate Actions Distributions Service Guide + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/dtc/2021/34-91736.pdf) + * Date: Apr. 30, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr. 30, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/n25kw4/srdtc2021007_notice_of_filing_and_immediate/) + * [Link 2](https://www.reddit.com/r/amcstock/comments/myheq8/understanding_sr_dtc_2021_007/) + * [Link 3](https://www.reddit.com/r/WallStreetbetsELITE/comments/mv4rcb/srdtc2021007_approved_and_filed_today/) + * [Link 4](https://www.reddit.com/r/CitadelLLC/comments/mv67jk/srdtc2021007_approved_and_filed_today/) + * [Link 5](https://www.reddit.com/r/Superstonk/comments/mvq6rs/go_nogo_for_launch_the_dtcc_checklist_keeping_gme/) + +&#x200B; + +**SR-DTC-2021-006** \- Proposed Rule Change to Remove the Security Holder Tracking Service + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/dtc/2021/34-91635.pdf) + * Date: Apr. 22, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr. 22, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mx4rdi/srdtc2021006_new_rule_just_released_today/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/msklpr/sec_deregulating_the_market_srdtc2021006_removing/) + * [Link 3](https://www.reddit.com/r/Superstonk/comments/mwhyhw/sec_files_srdtc2021006_removing_the_old_and/) + * [Link 4](https://www.reddit.com/r/Superstonk/comments/ms824p/srdtc2021006_remove_the_security_holder_tracking/) + * [Link 5](https://www.reddit.com/r/Gamestopstock/comments/msk599/srdtc2021006_removing_the_tracking_of_securities/) + +&#x200B; + +**SR-DTC-2021-005 - MISSING** + +* **STATUS -** ❌ +* **Effective Date - N/A** +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/GME/comments/mi8mo9/legal_interpretation_of_the_proposed_srdtc2021005/) + * [Link 2](https://www.reddit.com/r/GME/comments/mi3o9p/srdtc2021005_filed_today_busy_with_work_and/) + * [Link 3](https://www.reddit.com/r/MOASS/comments/mt2i0x/what_became_of_srdtc2021005/) + * [Link 4](https://www.reddit.com/r/Superstonk/comments/mzkf8v/where_is_srdtc2021005/) + * [Link 5](https://www.reddit.com/r/DDintoGME/comments/mub8qd/dtcc_general_counsels_office_explanation_of_rule/) + +&#x200B; + +**SR-DTC-2021-004** \- Proposed Rule Change to Amend the Recovery & Wind-down Plan + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/dtc/2021/34-91429.pdf) + * Date: Mar. 29, 2021 +* **STATUS -** ✅ +* **Effective Date -** Mar. 29, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mur8bz/srdtc2021004_the_dtcc_and_jp_morgan_theyre/) + * [Link 2](https://www.reddit.com/r/GME/comments/mgs05i/analysis_of_srdtc2021004_dtcc_changing_the_game/) + * [Link 3](https://www.reddit.com/r/DDintoGME/comments/mx13gt/this_line_in_srdtc2021004_has_been_stuck_in_my/) + +&#x200B; + +**SR-DTC-2021-003** \- Proposed Rule Change to Remove the Requirement for Participants to Submit Monthly Position Confirmations and Clarify Participant Obligation to Reconcile Activity on a Regular Basis + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/dtc/2021/34-91336.pdf) + * Date: Mar. 16, 2021 +* **STATUS -** ✅ +* **Effective Date -** Mar. 16, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/GME/comments/mcoryh/with_srdtc2021003_being_put_into_effect_today_324/) + * [Link 2](https://www.reddit.com/r/GME/comments/m1j9es/srdtc2021003_new_dtc_filing_changes_forwell/) + * [Link 3](https://www.reddit.com/r/GME/comments/mibedc/the_moass_wont_happen_until_options_are_not/) + * [Link 4](https://www.reddit.com/r/GME/comments/m793h7/new_dtcc_rule_just_passed_in_effect_immediatly/) + +&#x200B; + +**SR-DTC-2021-002** \- Proposed Rule Changes to Revise the Clearing Agency Investment Policy + +* [Notice of Filing](https://www.sec.gov/rules/sro/dtc/2021/34-91291.pdf) + * Mar. 10, 2021 +* [Order Approving](https://www.sec.gov/rules/sro/dtc/2021/34-91587.pdf) + * Apr. 16, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr, 24. 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mseblt/did_the_sec_just_approve_the_srdtc2021002/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/mscsda/wrinkly_brains_is_this_legit_srdtc2021002/) + * [Link 3](https://www.reddit.com/r/Superstonk/comments/msw4re/since_i_am_more_a_smooth_brained_type_of_ape_i_do/) + +&#x200B; + +**SR-DTC-2021-001** \- Proposed Rule Change to Add New Fees for DTC's Money Market Instrument Program + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/dtc/2021/34-91098.pdf) + * Feb. 10, 2021 +* **STATUS -** ✅ +* **Effective Date -** Feb. 10, 2021 +* **Relevant DD:** + * None found + +# 04: FICC Rules + +**SR-FICC-2021-002** \- Proposed Rule Change to Amend the Recovery & Wind-down Plan + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/ficc/2021/34-91430.pdf) + * Date: Mar. 29, 2021 +* **STATUS -** ✅ +* **Effective Date -** Mar. 29, 2021 +* **Relevant DD:** + * None found + +&#x200B; + +**SR-FICC-2021-001** \- Proposed Rule Change to Revise the Clearing Agency Investment Policy + +* [Notice of Filing](https://www.sec.gov/rules/sro/ficc/2021/34-91292.pdf) + * Date: Mar. 10, 2021 +* [Order Approving](https://www.sec.gov/rules/sro/dtc/2021/34-91587.pdf) + * Date: Apr. 16, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr, 24. 2021 +* **Relevant DD:** + * None found + +# 05: NSCC Rules + +**SR-NSCC-2021-802** \- Advance Notice relating to Renewal of a 364-day Committed Revolving Line-of-Credit and Future Annual Renewals + +* [Notice of Filing of and No Objection to Advance Notice](https://www.sec.gov/rules/sro/nscc-an/2021/34-91720.pdf) + * Date: Apr. 29, 2021 +* **STATUS -** ✅ +* **Effective Date -** Jun. 28, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/gme_capitalists/comments/mn7r8h/srnscc2021802_proposal_lining_up_more_ducks/) + +&#x200B; + +**SR-NSCC-2021-801** \- Advance Notice relating to Amend the Supplemental Liquidity Deposit Requirements + +* [Notice of Filing](https://www.sec.gov/rules/sro/nscc-an/2021/34-91347.pdf) + * Date: Mar. 18, 2021 +* [Notice of No Objection](https://www.sec.gov/rules/sro/nscc-an/2021/34-91770.pdf) + * Date: May 4, 2021 +* **STATUS -** ✅ +* **Effective Date -** May 2, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/wallstreetbets/comments/mc0szp/too_ape_didnt_read_summary_of_srnscc2021801/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/mnps2e/the_sec_is_reading_the_emails_people_sent/) + +&#x200B; + +**SR-NSCC-2021-004** \- Proposed Rule Change to Amend the Recovery & Wind-down Plan + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/nscc/2021/34-91428.pdf) + * Date: Mar. 29, 2021 +* **STATUS -** ✅ +* **Effective Date -** Mar. 29, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/GME/comments/mhx3p8/i_have_translated_srnscc2021004approvalnotice/) + * [Link 2](https://www.reddit.com/r/GME/comments/mg5z30/found_a_few_interesting_things_in_the_newly_filed/) + +&#x200B; + +**SR-NSCC-2021-003** \- Proposed Rule Change to Revise the Clearing Agency Investment Policy + +* [Notice of Filing](https://www.sec.gov/rules/sro/nscc/2021/34-91293.pdf) + * Date: Mar. 10, 2021 +* [Order Approving](https://www.sec.gov/rules/sro/dtc/2021/34-91587.pdf) + * Date: Apr. 16, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr. 24, 2021 +* **Relevant DD:** + * None found + +&#x200B; + +**SR-NSCC-2021-002** \- Proposed Rule Change to Amend the Supplemental Liquidity Deposit Requirements + +* [Notice of Filing](https://www.sec.gov/rules/sro/nscc/2021/34-91350.pdf) + * Date: Mar. 18, 2021 +* **STATUS -** ​🕒​ +* **Effective Date -** Jun. 16, 2021 \[Pending Approval from the Commission\] +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/n52f20/801_notice_of_no_objection_nscc_is_authorized_to/) + +&#x200B; + +**SR-NSCC-2021-001** \- Proposed Rule Change to Remove the InsurExpress and Replacements Services from Rule 57 of the NSCC Rules + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/nscc/2021/34-91261.pdf) + * Date: Mar. 5, 2021 +* **STATUS -** ✅ +* **Effective Date -** Mar. 5, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mu7sr4/ficc2021001_dtc2021002_nscc2021003_updated/) + +# 06: OCC Rules + +**SR-OCC-2021-801** \- Advance Notice relating to OCC's Establishment of Persistent Minimum Skin-In-The-Game + +* [Notice of Filing](https://www.sec.gov/rules/sro/occ/2021/34-91184.pdf) + * Date: Feb. 23, 2021 +* [Notice of No Objection](https://www.sec.gov/rules/sro/occ/2021/34-91491.pdf) + * Date: Apr. 7, 2021 +* **STATUS -** ✅ +* **Effective Date -** Apr. 8, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mm8eek/did_the_sec_just_said_they_had_no_objection_to/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/mm9409/securities_and_exchange_commission_release_no/) + * [Link 3](https://www.reddit.com/r/GMEplanB/comments/mmiq94/wrong_rule_801_clearing_up_the_confusion_on/) + +&#x200B; + +**SR-OCC-2021-004** \- Proposed Rule Change Relating to Revisions to OCC's Auction Participation Requirements + +* [Notice of Filing](https://www.sec.gov/rules/sro/occ/2021/34-91445.pdf) + * Date: Mar. 31, 2021 +* **STATUS -** ​🕒​ +* **Effective Date -** May 15, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/mkpgss/new_occ_filing_seeks_to_amend_the_process_for/) + * [Link 3](https://www.reddit.com/r/GME/comments/mkphuq/new_occ_filing_seeks_to_amend_the_process_for/) + +&#x200B; + +**SR-OCC-2021-003** \- Proposed Rule Change to Establish OCC's Persistent Minimum Skin-In-The-Game + +* [Notice of Filing](https://www.sec.gov/rules/sro/occ/2021/34-91199.pdf) + * Date: Feb. 24, 2021 +* [Notice of Designation of Longer Period for Commission Action](https://www.sec.gov/rules/sro/occ/2021/34-91483.pdf) + * Date: Apr. 6, 2021 +* **STATUS -** ​🕒 +* **Effective Date -** May 25, 2021 +* **Relevant DD:** + * [Link 1](https://www.reddit.com/r/Superstonk/comments/moswde/chaos_theory_the_everything_connection_reposted/) + * [Link 2](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) + * [Link 3](https://www.reddit.com/r/Superstonk/comments/mvov2f/the_gme_wargame_a_new_theory_of_everything_my/) + * [Link 4](https://www.reddit.com/r/Superstonk/comments/mpp2yr/why_we_and_our_whales_are_waiting_for_the_dtcocc/) + +&#x200B; + +**SR-OCC-2021-002** \- Proposed Rule Change Relating to Revisions to Part 39 of the Commodity Futures Trading Commission Regulations + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/occ/2021/34-90960.pdf) + * Date: Jan. 21, 2021 +* **STATUS -** ✅ +* **Effective Date -** Jan. 21, 2021 +* **Relevant DD:** + * Nothing found + +&#x200B; + +**SR-OCC-2021-001** \- Proposed Rule Change to Update The Options Clearing Corporation's Operational Loss Fee Pursuant to Its Capital Management Policy + +* [Notice of Filing and Immediate Effectiveness](https://www.sec.gov/rules/sro/occ/2021/34-90941.pdf) + * Date: Jan. 19, 2021 +* **STATUS -** ✅ +* **Effective Date -** Jan. 19, 2021 +* **Relevant DD:** + * Nothing found + +# 07: Dates of Effectiveness + +These vary slightly from form to form. + +&#x200B; + +* Notice of Filing and Immediate Effectiveness + * The proposed rule change is filed for immediate effectiveness as it constitutes a change in fees charged to OCC Clearing Members. At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. The proposal shall not take effect until all regulatory actions required with respect to the proposal are completed. + +&#x200B; + +* Notice of Filing + * Within 45 days of the date of publication of this notice in the Federal Register or within such longer period up to 90 days (i) as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the self-regulatory organization consents, the Commission will: + * (A) by order approve or disapprove the proposed rule change, or + * (B) institute proceedings to determine whether the proposed rule change should be disapproved. + +&#x200B; + +* Notice of Filing of and No Objection to Advance Notice + * The proposed change may be implemented if the Commission does not object to the proposed change within 60 days of the later of (i) the date that the proposed change was filed with the Commission or (ii) the date that any additional information requested by the Commission is received. The clearing agency shall not implement the proposed change if the Commission has any objection to the proposed change. The Commission may extend the period for review by an additional 60 days if the proposed change raises novel or complex issues, subject to the Commission providing the clearing agency with prompt written notice of the extension. A proposed change may be implemented in less than 60 days from the date the advance notice is filed, or the date further information requested by the Commission is received, if the Commission notifies the clearing agency in writing that it does not object to the proposed change and authorizes the clearing agency to implement the proposed change on an earlier date, subject to any conditions imposed by the Commission. The clearing agency shall post notice on its website of proposed changes that are implemented. + +# 08: Gary Gensler + +[Gary Gensler was sworn in on Apr. 14, 2021](https://www.sec.gov/news/press-release/2021-65), since then 7 items have been filed. + +# 09: Endnote + +I would like to keep this up to date and as accurate as possible so that it can act as a central location to track the progress of this legislation. Please drop any ideas to improve this reference guide in the comments and if I have missed any important DD! + I have a GTE $1 call and now since GTE is above $1. What should be my next steps? Should I sell the call or Exercise it or wait? I am new to options trading and any help will be appreciated. Thanks + +https://preview.redd.it/hmtitmm40og61.png?width=565&format=png&auto=webp&s=198869532e80dd2c446b4d72c3df77735b11f9d9 +* Triton Research’s obfuscation index ranks WeWork at high level +* Method of expensing costs raises questions, analyst says + +[https://bloom.bg/30nK9iE](https://bloom.bg/30nK9iE) +So the volume of election themed posts has been increasing exponentially lately. Today and tomorrow we'll have election megathreads to organize all of the news in one spot and hopefully not drown out other important news. + +Please keep in mind this is an investment sub so try to keep discussion investment related. Also please keep our conduct rules in mind. That means no personal attacks pointed at other users. + + + +Thanks. + +E: implied volatility for tomorrow is through the roof. Implying a 3.7% daily move which if realized would be the third largest in 70 years. + +Bloomberg - Options Are Pricing In One of the Biggest Stock Moves on Record for the Election http://bloom.bg/2fU4Qzt +My chief (and really only) complaint with Vanguard is their website interface. For example, they have a super nice chart under their "performance" tab. However, it seemingly will only show the performance of all accounts you have with Vanguard. + +More often than not, I want to see the performance of one account. I want to see how EACH account is performing, not all of my accounts together. Am I missing something? Is there a way to see this chart for just my Roth or just my standard brokerage? +I listened to an audio book called, "Money Secrets of the Amish". + +I found that: The Best way to save $$$$ is not to spend. + +I know. Fundamental af. + +Drop some modern nuggets on avoiding spending $$$$ & holding the 💰 +* so, if I understand this correctly, we're raising rates to cool off the economy and to make it harder for companies to grow through cheaper financing. As long as we're not in a recession, does this mean the fed will continue to raise rates to keep inflation under control? If this happens, how much downside in the markets could we be looking at over the next couple years? +A good friend of mine has a brother that is a financial advisor with Edward Jones. I work in sales and about 6 months ago I decided to open and transfer most of my savings into an account with Edward Jones. I didn’t do much research and more or less took my friends brother’s advice on investments. I wasn’t worried at first when transferring any of this money (35k), as this is supposed to be money I wont be touching for years. The money was diversified pretty well across different growth etfs, dividend payers, etc. so I was pretty happy with where the money was going. The 35k is now down 18% which is no problem to me because I have invested for quite some years and know I invested somewhere near the top so the loss isn’t too big of concern. What is a concern is after checking some statements, I dont know if im a fan of the fees…after calculating, it seems ill pay around $380 a year in fees…for really just handing this guy some cash. I dont need much investment advice, just someone to buy and diversify for me. After doing some googling/research it seems the general consensus is bad against ED, especially at a young age. Simply put, should I transfer these funds to another broker with lower fees or just continue to stow away money and not worry about it 6 months in. Thoughts? +Previously I have written about DCA strategy + buy the dip. The DCA part does the job of taking out the emotions, and the “buy the dip” is to utilize the time to make your cost basis even lower (DCA down). In a time like this, it’s the worst idea to sell low. If you want to sell and take profits, you would have been doing it way back in Nov or early Dec last year. + +Now if you are not selling low, you’re halfway to success. You don’t want to do this: + +[Please don't do this!](https://preview.redd.it/os3gs5cl2ri81.png?width=752&format=png&auto=webp&s=9c4abd4339276e9cce8c8e8e5ece18db0993d8bd) + +But anyway, today I’d like to talk about **HOW** **to buy the dip**, because I have heard of it so many times here, but no one says how to do. + +# The two types of mistakes in a downturn + +**Panic buying and run out of fiat too early:** Let’s say you have always wanted to buy more of something but can’t wait, so you go all in the first dip. As usual, the dip will dip lower. You realize you have run out of fiat and hate yourself for missing out lower dips. + +**The overly pessimistic:** You listen to a bear on the daily and they said (like in July 2021) BTC is going to $16k or even $12k! You keep waiting in Aug, Sep and realize the market trend has reversed! BTC was going up again. You have missed the chance! + +Ideally, you don't want to be either of these types. It's impossible to catch the exact bottom, but even getting 10% close to it as a "buy the dip" purchase would be great! + +# Look at the big picture + +[Market entry cost basis broken by band. Full credit to @ TheRealPlanC on Twitter.](https://preview.redd.it/qoha2can1oi81.png?width=1916&format=png&auto=webp&s=bf193efd3a253cb01d1c49b6422eb22d70fe7b05) + +As you can see, there are various strong holders with cost basis between $36,380 to $41,872. Failing that, a relatively weaker one of $35,008, then a series of between $32,262 to $33,635. If it goes sub $30,889 there is almost no bull defense until $26,770 – that’s why we frequently hear “for the bear, it will have to trigger all the stop losses all the way down to $27k”. Never say never, but BTC going down to $16k or $12k is quite remote, unless there is an extreme black swan event. + +Contrary to the popular belief, it usually takes weeks or months to confirm trend reversal, not a couple of days. Why? Crypto is often regarded as “riskier” than other asset classes, thus in a downturn, it will usually be one of the first to be sold. Thus, on the way back to recovery, it will require tremendous volumes over some time to confirm the trend reversal. + +The big picture includes the financial market outside of crypto. The most noticeable is S&P 500, NASDAQ and news about interest rate. And then we should not ignore the elephant in the room, such as Russia-Ukraine. + +# How low the dip will go? – market indicators + +After we know that the market conditions would translate for (at least) several weeks in the “underwater” mode, it’s time to find the support bands. That would be one of the bases for setting price that trigger the dip buying orders. + +**Find the support bands:** If you go to Tradingview and select the daily candle for BTCUSD pair, you will find some areas acting as support bands – kind of like a floor that prevents the price being dragged down further. + +[Tradingview - BTCUSD pair](https://preview.redd.it/dhh7bq5k2oi81.png?width=1449&format=png&auto=webp&s=dbaabf9944f1bb0cffaab9e96750d95ac60958a8) + +If you’re not familiar though, several people can tell you the support bands. For example, Ben Cowen recently uploaded a video for the bear case. Sally Ho from Crypto Daily identifies the following downside objectives: $39,927 => $39,394 => $38,527 => $38,316 => $37,869 => $35,982 and $35,698 areas. Just now we are testing $39,927! + +**Relative Strength Index (RSI):** Usually if RSI is less than 30, it’s a better time to buy. The lower it is, the larger amount I will buy accordingly. + +[The most recent time when RSI for BTC fell under 30 is 24 Jan 2022. That's a local low of $33,556. This is from Coindesk.](https://preview.redd.it/lnprbq5g3oi81.png?width=1888&format=png&auto=webp&s=7608e88045bc7b5edac9fef309a48a6bdd0f806f) + +There is a website that tracks RSI instantly as well as many other market indicators in which you can track on Investing.com => indices => Bitcoin Real Time Technical. + +[Investing BTC indicators - you can see RSI is 34.061 now.](https://preview.redd.it/djwimigv3oi81.png?width=823&format=png&auto=webp&s=29774b616e7ccbe78c4c7c81e6dfd5aad766308d) + +**Whale watching:** When you start seeing the whales have started buying, it is also something worth considering. One of my most recent watch is the third largest address. Of course, this is just relative though. Whales make mistakes too, so don't take it as 100% signal. + +[Bitinfocharts - the third largest whale. As you can see here, this whale last buy is 274 BTC @ $37,260 on 04 Feb 2022. It has stayed on the sideline in the last 2 weeks.](https://preview.redd.it/sxqq6wf64oi81.png?width=1920&format=png&auto=webp&s=f7c5bf719a6feb4da193a040eb4d37dc18fd4e13) + +# Action: Set reducing buy orders, don’t go all in the first dip + +After having an idea about the scope of the dip, it’s time to put into action. The lower the price, the bigger the order. For example, if I use the support bands above. + +[Just an example. Again, this is up to your risk averse level. You may say, well my cost basis is $38k so I won’t start buying again until it hits $37,800. But this way you can make sure you still have fiat to buy if the dip goes lower. Never go all in the first dip.](https://preview.redd.it/1r3u2fhk4oi81.png?width=278&format=png&auto=webp&s=ddcebcf6d619352eeed5aec83e7dec6b5271ebcf) + +**And of course, this is not financial advice, but that’s my strategy, along side dynamic DCA. What is yours? I would like to hear please.** + +**Edit:** *1/ This is just an example of how I would approach things, it doesn't mean it will bottom out at $35.7k. No one knows for sure. It may or it may not. May be it goes down to $33.7k. When you buy the dip, you essentially place a chance here: if it doesn't go down further, you lock in some units at the best possible price in the short-term. If it goes down further, you still have fiat left to buy*. + +*2/ TA is not useless. TA cannot predict long-term trends because there will be so many externalities in the horizon. But TA helps predict market in the short-term. For example, when BTC broke the $41.9k support band recently, we know things will get worse.* *Therefore, we can prepare fiat accordingly.* + +*3/ DCA and "buy the dip" are not mutually exclusive. We can combine both strategies to figure out the best. In my opinion, DCA is a "risk-neutralizing tool", not necessarily a "return-maximizing tool". That's why we use a wide range of market indicators to further enhance our DCA. You don't want to DCA in at $68k when all the market indicators flashed red hot in Oct/Nov last year. You probably wanted to DCA out and buy back for almost 50% discount now.* + +*4/ Another website which lists a number of handy indicators is Barchart. Just select the pair BTCUSD. This is known as "the cheat sheet"* + +[Barchart .com - BTCUSD Cheat sheet](https://preview.redd.it/snhxmob86ri81.png?width=1920&format=png&auto=webp&s=79d9c472459b35d2388489c12d7f7323e5850852) +**Core** + +\- FB ecosystem + +This is the stock that i believe is invested in the right places and has a path forward in the global market. I work as a React developer in fintech and I greatly enjoy their technology. The reason I stopped using snapchat was because I couldn't use it on low connection in Mexico, but Instagram worked marvelously. I use Whatsapp to stay in touch with my family in mexico and Facebook to stay in touch with my mom. There's something extremely powerful about that in my opinion. + +They're conservative with their push and development of camera and VR technology which is wise in my opinion give the many opportunities that exist in that space. They're pushing along with fintech in India, again with small business through Whatsapp. And they provide a suite of customer services for small business and entrepeneurs. + +&#x200B; + +\- Microsoft + +I think they will have a great run during the cloud era of software development. Their acquiring of Github AND NPM goes to show how in touch they are with developer servicing. + +&#x200B; + +\- Paypal + +Paypal has a marvelous history and is a battle tested pioneer in the fintech space. I see them repeating their previous successes by acquiring Honey. I work with Honey in the fintech space and now I'm understanding that Paypal has an auto coupon scraper on my Amazon purchases while my Visa ones don't. This is the forward thinking I love from Paypal despite not being as flashy as Square. + +&#x200B; + +\- Disney + +Disney is quintessential american entertainment. I believe their deep roots in American culture and the entertainment industry will provide a solid bedrock for them for the generations to come. + +&#x200B; + +\- Waste Management + +Sanitation and environmental, like internet connection technology, are about the same when it comes to market penetration. It is a scarcity. Sanitation is a critical part of any society's development and wellbeing. I think WM will be there to benefit from increased urbanization and industriousness from technology and wealth growth. + +&#x200B; + +\- Kansas City Southern + +I'm Mexican and my family are avocado farmers. I believe in the future prospects of Mexico and its relationship with its neighbors. Mexico is a bustling nation and many youth are international students that carry degrees. This is a far cry from having military policing streets in rural neighborhoods decades ago. Kansas city southern is part of the supply chain that connects Mexico to main industrious Mexican states like Monterrey, Jalisco, and Michaocan. I like rail in this regard because it's a lot of weight in one operation of heavy materials. So Canadians that use Mexican mining will also benefit from this railroad. + +\- Nintendo + +I believe in the future of gaming as a market and if I were to take a shot at who would be the most stable, I would vote for Nintendo. Like Facebook, they approach the family unit and grow generationally. I love their curveball approach to gaming and I think that creativity, along with it's customers trust, will be something I can hold onto for a long time versus companies that have a history of developing games like Call of Duty or World of Warcraft. Nintendo can take different forms: in the living room, at sweaty tournaments, online, mobile, on your phone, on a TV, in the movies, etc. + +&#x200B; + +**Closely watching** + +\- United Health or Cigna + +This is only going to grow and wont change due to American politics for 8 years at a minimum. + +\- Cisco + +Same as Microsoft but for IT. + +\- Impossible Foods IPO + +I've been vegetarian for 10 years and Impossible Burgers has been one of the most mindblowing experiences of my life. The product is phenomenal and on a league of its owned compared to Beyond Meat. IMHO Beyond taste like cheap school lunchroom burgers and Impossible tastes like something I would be excited to feed my family. If their pork products are great then I am ALL in because Chicken products are by far the easiest thing to replicate. I'm extremely excited about this product. + +\- Visa + +They make a ton of money on transactions. I saw them hiring for blockchain development so it leads me to believe that they're adapting. + +\- Square + +I work in the fintech space and I like their modest approach to financial services. Their acquiring of a bank charter is actually incredibly important due to all the procurement and legal processes that go behind being a fintech company (abiding by federal security laws, etc). The one reason I like Chase banking is because I enjoy their app. I see Square as a competitor to Chase, surprisingly. + +\- Apple + +Apple designs its products with customer service in mind. I think the future of education technology will likely go to Apple because of this. Their screens and cameras are wonderful and I can see them pioneering computer vision products because of this. They are THE American Tech company. + +\- TMobile + +Aggressive as hell and grew to be a large player through savvy moves across time. Their customer service is a highlight for me. + +\- JPM + +Customer service for banking is unmatched IMO. If any legacy banker will make it across changes, I believe Chase is doing what it takes to adapt and think forward. + +\- Planet Fitness + +$10 gyms, clean, and casual enough for the general population. You can't beat $10 gym membership when you're broke as fuck. I've been a heavy lifter before and still used Planet fitness in my transitions across states and whatnot. I need to look at their numbers more closely. + +\- Volkwagen + +I trust Europe and Japan to take EVs more seriously. I don't know who will seriously come close to competing with Tesla in the long run but they'll have to. + +\- Panasonic + +Panasonic, much like AMD, did not immediately reflect the value of what they have produced. AMD did not explode inline with bitcoin or cheaper GPU consumption, in the same way Panasonic did not reflect a massive spike in price after speculation in Tesla grew. They're an important arm to the EV market that spreads across many players ranging from Tesla to Toyota to big tech. + +&#x200B; + +\- Lyft + +I think Lyft's focus on customer service and regional clientele will pay off against Uber, who is growing too quickly and spreading thin. Lyft will benefit from the development of computer vision and Big tech's interest in automanufacturing. + +&#x200B; + +\- Crypto (Bitcoin or XRP) + +I like crypto as a technology as a software engineer. I see the value in a faster process for procuring and exchanging legal tender that does not have to go through the bottleneck of the ACH process or through legal issues like the PATRIOT ACT or the Bank Secrecy Act. It still fundamentally respects those laws without the frustrations of banking service bottlenecks. I think the halvening protocol has an interesting affect on Bitcoin and supply and the market that it's trying to generate. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +\- +We hit an ATH of 30 mil MC today! + +Baby XRP is a Tribute to the entire XRP Community! This is a long-term project - Let's HODL together! + +The Developers are hosting a LIVE 1+ Hour AMA Session Saturday, July 17th at 5 pm ET | 9 pm UTC + +Join us in voice chat on TG: [https://t.me/OfficialBabyXRP](https://t.me/OfficialBabyXRP) + +&#x200B; + +Bring all your questions to the table! + +We'll Discuss: + +\- XRP Rewards Distributed to Holders (who, what, when, where) + +\- Marketing and Advertising Initiatives Current and Future Plans! + +\- Ask us Anything! + +Look forward to seeing you all! + +&#x200B; + +BabyXRP (Tokenomics): + +⚡️2% Burn + +Baby XRP is a deflationary coin, meaning that as time goes on the total supply will reduce. 2% of every transaction will be sent to a dead wallet being burned from the total supply forever, increasing the value of the remaining tokens + +💰 Marketing + +5% of every transaction will be sent to the marketing wallet, to be spent on future marketing and advertising, to ensure that we will continue to attract new investors and holders. + +Liquidity + +⚖️ 5% of every transaction will be sent directly to the liquidity of the coin itself, This ensures that the Liquidity keeps a healthy ratio in comparison with every holder and Marketplace. + +Ripple Effect.. XRP Rewards + +🔥 RECEIVE XRP REWARDS FOR HOLDING BABY XRP! + +Every 3 days all DIAMOND hand holders will receive XRP Rewards airdropped to their wallet based on the percentage of their holdings of the total supply. + +USEFUL LINKS: + +🌐 Website - [https://www.babyxrp.org](https://www.babyxrp.org/) + +🤯 CMC COMING SOON! Any DAY! + +🦎 CoinGecko - [https://www.coingecko.com/en/coins/babyxrp](https://www.coingecko.com/en/coins/babyxrp) + +🐦 Twitter - [https://twitter.com/officialbabyxrp](https://twitter.com/officialbabyxrp) + +🏛 Telegram - [https://t.me/OfficialBabyXRP](https://t.me/OfficialBabyXRP) + +💸 How to buy - Packcakeswap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8beAbaa4f025D00B4699d56a683758d692d17F20](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8beAbaa4f025D00B4699d56a683758d692d17F20) + +📊 BULLISH CHART - [https://charts.bogged.finance/?token=0x8beAbaa4f025D00B4699d56a683758d692d17F20](https://charts.bogged.finance/?token=0x8beAbaa4f025D00B4699d56a683758d692d17F20) +FairMoon is the coin of the people! It was created in spite of crypto scammers and rug pulls, to give regular investors the opportunity to ride a moonshot rocket they can actually trust with confidence. + +The community itself owns and promotes the coin and development themselves. Our community coin will be part of a decentralized IDO platform launch in partnership with WarOnRugs! More details will be announced later this week! + +This coin is 5 days old, and has been growing by over 5,000 HODLers now. + +It's still quite early! + +🔹Tokenomics + +▪️ Name: FAIRMOON $FAIRMOON + +▪️ Token Blockchain: BSC BEP-20 + +▪️ Total Supply: 5,000,000,000 and over half immediate burned + +🔹Features + +▪️ Fair launch through DxSale ILO + +▪️ Audited by WarOnRugs: [https://twitter.com/WARONRUGS/status/1375964245179965447](https://twitter.com/WARONRUGS/status/1375964245179965447) + +▪️ 2% transaction fee: 1% to liquidity, 1% to you + +▪️ Liquidity locked until 2100 + +▪️ Ownership renounced. Unruggable & No changes possible! + +▪️ Recently listed on [https://www.coingecko.com/](https://www.coingecko.com/) + +▪️ [https://coinmarketcap.com/](https://coinmarketcap.com/currencies/fairmoon/) + +🔹Get it on Pancakeswap: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfe75cD11E283813eC44B4592476109Ba3706cef6](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfe75cD11E283813eC44B4592476109Ba3706cef6) + +🔹 Contract: + +[https://bscscan.com/token/0xfe75cD11E283813eC44B4592476109Ba3706cef6](https://bscscan.com/token/0xfe75cD11E283813eC44B4592476109Ba3706cef6) + +▪ Official token address: 0xfe75cD11E283813eC44B4592476109Ba3706cef6 + +(Beware of Fairmoon copycat addresses!) + +🔹 Chart: + +[https://goswappcharts.web.app/?isbsc=true&tokenId=0xfe75cD11E283813eC44B4592476109Ba3706cef6](https://goswappcharts.web.app/?isbsc=true&tokenId=0xfe75cD11E283813eC44B4592476109Ba3706cef6) + +[https://dex.guru/token/0xfe75cd11e283813ec44b4592476109ba3706cef6-bsc](https://dex.guru/token/0xfe75cd11e283813ec44b4592476109ba3706cef6-bsc) + +🔹Official Links: + +▪ Website: [Fairmoon.org](https://fairmoon.org/) + +▪ Telegram: [https://t.me/fairmoon\_coin](https://t.me/fairmoon_coin) + +▪ Discord:[https://discord.gg/AvGgqvjNbw](https://discord.gg/AvGgqvjNbw) + +Join our 5M FairMoon Twitter Giveaway: [https://twitter.com/fairmooncoin](https://twitter.com/fairmooncoin) + +It was worth $500 a couple days ago, $9000 yesterday, and $673,000 today! + +More info: + +FairMoon info: [https://link.medium.com/hOZ57jaT3eb](https://link.medium.com/hOZ57jaT3eb) + +WarOnRugs recent IDO Medium article: + +[https://waronrugs.medium.com/fairmoon-the-fairest-way-to-launch-a-project-e82b9a38d52a](https://waronrugs.medium.com/fairmoon-the-fairest-way-to-launch-a-project-e82b9a38d52a) +I started applying to new jobs a couple weeks ago because I feel I’m underpaid at my current job. I just got a heads up from a colleague that someone had called my boss to tell her that he’s looking at my application, and asked her for her thoughts. She said she would call him back. + + I didn’t say in my application materials that they could contact my current boss, and her name isn’t even mentioned. (If you work in the field, though, and saw my employer, it wouldn’t be difficult to figure out.) + +What’s my best approach here? Should I bring it up to my boss? What should I say if/when she brings it up? +I am relatively new to investing (8months) and enjoy constantly learning all I can. I spend a lot of time driving and during this time like putting on informative podcasts in relation to investing. + +I am looking for investing podcast that focus very much on the intricacies of investing and explaining the different formulas/what to look for on the balance sheet etc.. are as opposed to podcasts which focus more on preferences and feel. + +I am also interested in podcasts which explain the economics of industries in depth and relate to modern news/complexities. + +Additionally, if the podcasts suggested are not on spotify what streaming services you recommend? + +Thanks in Advance, +TheAlmightyDonald +[https://www.wsj.com/articles/cash-glut-in-eurozone-drives-dollar-demand-11639477801?mod=hp\_lead\_pos7](https://www.wsj.com/articles/cash-glut-in-eurozone-drives-dollar-demand-11639477801?mod=hp_lead_pos7) + +Summary: + +A wave of programs intended to boost loans from European banks has has left Euro banks flush with cash and little opportunity for investment. The situation has driven the same banking institutions to look over seas for places to park cash. + +The process has caused a significant demand for USD as European banks move Euros to Dollars to earn 0.05% in deposits with the Fed. even with a strengthening dollar and paying a premium for euro cross-currency basis swaps, the opportunity continues to look attractive to European banks whom were able to borrow from the ECB at -1.0%. + +Analysts expect this trend to diminish after the first of the year once banks year end balance sheets are set and in anticipation of additional treasury supply following the Feds tapering & increased debt ceiling. + +The relative recent strength of the USD and the potential for slowdowns in Dollar demand from Europe could provide an opportunity to rebalance existing US Equity/Int'l Equity positions that have become out of sync due to dollar strength and the relative equity performance over the past year. +This is something that had grabbed my attention back in early June and I obsessed over it for a few days and then just tossed it to the side but I want to bring it up and get some help connecting more dots. I dont want to call this a DD by any means hoping for more of a Think Tank where we can talk this out together. Here goes nothin \*anxiety raises exponentially\* + +# Evergrande. + +Never heard of em until this post here by [u/XSOUL1337](https://www.reddit.com/user/XSOUL1337/) [https://www.reddit.com/r/Superstonk/comments/ny6k6r/ding\_ding\_junk\_bonds\_evergrande\_can\_people\_dive/](https://www.reddit.com/r/Superstonk/comments/ny6k6r/ding_ding_junk_bonds_evergrande_can_people_dive/) + +this video does a good job explaining the situation they find themselves currently in and it only gotten worse. Check it out, its only like 2:40 and lays out pertinent info. + + They are China's largest Junk Bond Issuer. If we dont remember what Junk Bonds are...well i got ya back homie \*Fist Bump\* + +"Junk bonds are bonds that carry a higher risk of default than most bonds issued by corporations and governments. A bond is a debt or promise to pay investors interest payments along with the return of invested principal in exchange for buying the bond. Junk bonds represent bonds issued by companies that are financially struggling and have a high risk of defaulting or not paying their interest payments or repaying the principal to investors." + +\*Default\* yeah my dude these are quite literally junk, and folks buy them. Well Evergrande is finding themselves \*DEFAULTING\* on their own debts now too. So Im sure you can see why its no bueno to see an extremely risky business model issuing HIGH risk bonds also defaulting on their own debt. + +Also, they are China's 2nd largest mortgage writter........\*yikes\* + +# Norchukin. + +[https://www.reddit.com/r/Superstonk/comments/mlyj5e/michael\_burrys\_japanese\_big\_short\_norinchukin/](https://www.reddit.com/r/Superstonk/comments/mlyj5e/michael_burrys_japanese_big_short_norinchukin/) + +This gem is what began this rabbit hole for me. Wowza. [u/Alarmed-Citron](https://www.reddit.com/user/Alarmed-Citron/) knocked it out the park. Big kudos. Check it out because its Supa Hot Fiya. + + Their TL;DR + +"**TLDR:** + +**CLOs and CSOs on the rise, quality declines, Japanese Banks own huge amounts of CLOs of good quality. Nevertheless, defaults are predicted to rise. There is still a huge conflict of interest regarding the ratings of CLOs (and probably all kind of structured derivatives)."** + +This is copied directly from their post and is important for the connection: + + **"Who is Norinchukin? Never heard of?"** \- [Nevermind, it's only a bank focused on agriculture, forests and fishery with total assets amounting up to 970,752 Million USD.](https://www.nochubank.or.jp/en/ir/annual_report/pdf/ar_2020.pdf) + +as of 31 March 2020. That should be 970 billion USD which is almost 1 trillion USD, if I am right. Nothing, right? + +**"How active is Norinchukin with CLOs?"** + +[As of 1st July 2020, S&P:](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/japanese-banks-warned-of-covid-19-impact-on-overseas-clo-investments-59253681) + +"Japanese banks, among the world's largest buyers of collateralized loan obligations, should be cautious about their holdings of such securitized products as default risk of underlying loans could be rising, albeit still low, amid prolonged pandemic disruptions globally, experts say. + +Although rising risk aversion have pushed prices of CLO notes down in the secondary market, which has led to unrealized losses for CLO investors worldwide, the Japanese banks are in a relatively better position, at least in the near term, as most of the notes they hold are rated AAA, experts add." + +**"Cool, they are rated as AAA. So they are secure."** + +[Same Source:](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/japanese-banks-warned-of-covid-19-impact-on-overseas-clo-investments-59253681) + +: "Japan's top CLO investor, Norinchukin Bank, told a press conference in May that it would refrain from investing in more CLOs. + +The bank, which manages assets for farms and fishing cooperatives, held ¥7.7 trillion of CLOs as of March 2020. It was down from ¥8.0 trillion as of end-2019 but up from ¥7.4 trillion in March 2019. + +**Although default risk of CLOs appears low for now, rising risk aversion among investors had led to an unrealized loss of about ¥400 billion of its CLO portfolio in the March-end quarter.** + +"Of course, there is the big risk of their \[the Japanese banks'\] CLO investments," said Makoto Kikuchi, CEO at Myojo Asset Management Co. *"Chances are high that even highly rated bonds will be downgraded," hit by recessions due to the prolonged Covid-19 interruptions.* + +*S&P Global Ratings recently forecast that the U.S. trailing-12-month speculative-grade corporate default rate will likely increase to 12.5% by March 2021. But if COVID-19 cases resume their rise later this year or early next year, the default rate could go up to 15.5%.* + +*JPMorgan, meanwhile, predicts a default rate for leveraged loans to just below 10% by the end of this year."* + +&#x200B; + +Why TF is it that these Financial Institutions CONSTANTLY expose themselves to so much damn risk?!?!? Oh and they also own 4,019,000 shares of SPY valued at $1,502,624,000 at the time of their last filing. (Sorry lost the link I'll take that L) + +&#x200B; + +# Dr. Burry. + +Ok so before dude bounced out in Feb. he changed his Twitter Header to this: + +&#x200B; + +https://preview.redd.it/ire3parz2kd71.jpg?width=1500&format=pjpg&auto=webp&s=01e7e1df400da76ebc4b99d4357011b16f9726de + + + + [u/Alarmed-Citron](https://www.reddit.com/user/Alarmed-Citron/) explained their theory above but I think Norinchukin is just a part of the puzzle. I think theres a lot more info in this picture. All of this typing is for this. + +&#x200B; + +"**What Dr. Burry knew on 2-28-21 the day he deletes Twitter:** + +Look at “The Buffett Portfolio” -Q4 of 2020 Warren Buffett Sells off majority of Bank stocks (sachs,JP.Morgan, Wells Fargo, M&T,PNC,Synchrony) Trimming US Bancorp and BNY Mellon but adding BoA(Why?) WF he’s held over 30 years! + +These actions were "financial warnings". + +"The Big Short" begins in Japan with Norinchukin + +They are extremely over Leveraged on their CDo's. + +This coupled with banks and other institutions Shorting Certain "Credit Derivatives"(10yr Bonds) and using the 0% interest coupon bond as a "structured Credit Product" + +Has Make a mess of the ON RRP. + +If we Look at the "Buffett Letter" From 2-27-21 He says to "Never bet against America" and these institutions have done just that. The downfall of the American economy. + +There's a tiny blue book that's hard to see, that book. "The Little Book That Beats The Big Market." Is that book us retail? The little guy finally getting a win? + +Lastly, "The Paradox"? How crazy of a thought for this to all be happening again. Its impossible right? Wrong. So very Wrong." + +I think he laid it out step by step how in his super wrinkle brain this was all going to play out, and it looks like dominos are starting to fall. + +&#x200B; + +OK! This is the most typing Ive done since college and I dont wanna do it anymore, plus this chair is uncomfortable and my butt is falling asleep and these are just a couple reasons why all of this is probably nothing and I'm rambling and you absolutely shouldnt take me spitballing ideas like this serious because as you can tell i didnt take my ADD meds in a while...K LOVE YA THANX BYEEEEEEE +I know how you feel. We know all the DDs and we know the SHF’s are fucked. But there is also this little voice that says: **“I’ve never won anything. This is too good to be true...”** + +If the MOASS seems too good then just think about the potential growth of the company. For me this is a long term investment. I will keep x shares and after the MOASS I will also reinvest in GME. + +Just look at the current market cap \~$20B and compare it to other companies (AMC \~$30B; Peloton \~$33B; Chewy \~$33B; ATVI \~$75B; Starbucks \~$130B; Walmart \~$400B; Amazon \~1600B; Netflix \~220B; Zalando \~$25B; Booking \~$95B). Not all the companies are really comparable, but good to get a feeling. + +GameStop is debt free, super hero management team, millions of loyal customers, loyal shareholders, has a revolutionary nft concept (suspected), one of the fastest growing industries, huge retail infrastructure, strong growing e-commerce, strong brand... + +Is it possible that GME will get a market cap of >$50B and a stock price of >$750 in the next years? Absolutely! The current share price is still very cheap. It’s just a really good investment. + +So don’t hype dates and don’t get disappointed if the MOASS will not happen this week. **They have to cover their shorts. Be patient and remember the floor.** [**www.gmefloor.com**](https://www.gmefloor.com) + +We just have to **HODL and BUY**. So just two things (I hope you voted). + +No financial advice I’m just a retarded ape. +Two weeks ago i was pressed for money for grad loans and inflation which has forced me to spend more money than usual and i began to feel cornered and anxious. Moass seemed forever away and the sinful thought of selling my shares came to mind. Then refreshing DD hit and im reminded of how RC has won the game, even if only 1% of all the DD published is true it takes only 1 to prove naked shorting and transformation of GME into a tech stock. Since then i decided to take out a loan for grad school while continuing to build my GME position. I borrowed extra money for grad school but will contribute some of it to GME as well. I feel totally zen knowing that his tweets are a blatant 🖕 to the system, as a signal that our time is coming. If anyone else feels trapped by life’s situation, just remember our leader is a meme lord that will lead us to the promised land. +I'm wondering what people do to overcome greed when it comes to trading? I have been trading this week and 90% of my entries were right but I fail to sell when I know I should be selling to take the profit before it drops, even tho I know I should be exiting the trade, but there is also the greed that tells me to wait a little more and always end up losing what I could have earned. I tried setting my goal of $200 which I reached but didnt sell due to greed. The fear of selling and the stock ends up skyrocketing and missing more gains, how do you do to control this sort of emotion? I'm aware that you gotta be emotionless but how do you apply it? + +Thanks guys +My fiance's company is requiring it's employees and anyone who lives with said employees to disclose their crypto holdings. Am I legally obligated to do so? They already have access to my Fidelity account and now they want my bitcoin too? Apparently they have some "Blacklist" and "Bitcoin will never be on it." At this point I might just transfer what I have in Coinbase to my cold storage and tell them I have nothing. Anyone have a similar situation or ways to get around this? Thanks. + +Edit: Thank you to all who provided insight. I think I’ll transfer what I have on the exchange to my cold storage and be done with it. +From reading most posts here it seems that you all hate your jobs. I get it that you want to get FI (and so do I!) however I have not seen anyone here saying things like "I enjoy my job and it's a great way to get money, but I can't wait to get FI so I can do what I want all day" and instead often hear "Only X years till FI! I can't wait to get out of this hell hole; if I had to retire at 65, the intern would be wiping my brains off the ceiling before I got there" + +&nbsp; + +Edit: Maybe I've got it all wrong, it seems many DO like their jobs from the responses! +Has anybody successfully relocated to a no income tax state prior to cashing out a large long term capital gains event? My income is not location dependent but I live in one of the highest taxed and most aggressively audited places (NYC). The advantage is saving about 13% in long term capital gains taxes (9% state tax + 4% city tax). I also have all family members and own a property here so I am debating whether to just bite the bullet and stay to avoid the hassles of an audit. From what I can tell, even if I make a legitimate change of residence, I will still be audited and burden on proof is on me to provide documentation and evidence. + +&#x200B; + +If anybody has successfully done this before and can share your experience, that would be great, whether you decided to move or just bite the bullet and stay. +I've been working at a large international company since July. Since then, they haven't had me do much of anything and I've been getting paid for maybe 2 hours of work a week. + +I just got a job offer for a completely remote job doing something that I'm much more passionate about. Would I be able to accept this offer while still staying employed by my current company without informing them? + +Follow up question: If I do have both jobs simultaneously, how would insurance and 401k work with the overlap? Can I have the benefits from both at the same time? +Does anyone have experience investing in timberland? + +I am wondering about net $ profit per acre and average growth cycle time. I realize some areas may have more profitable or faster growing trees but just looking for opinions and averages. +I know I know, real estate is hot now and everyone wants to be a landlord. + +I have been looking at this market that is outside a huge city that is going to keep growing. About 4 months ago the area had somewhere between 15-25 rentals available. Now I'm looking and there are about 40 - 50 rentals available. Nothing has fundamentally changed about the city -- do y'all think it's due to the fact that people keep buying SFH as investments as of recent. +It just seems like that's a drastic jump and I'm getting concerned about rental supply in the future (there will be a ton of rentals). Just think it's interesting and wondering if it's common to see that. +Hi, + +I just made an offer on a turnkey rental property (duplex) in a rural town. It is recently renovated, and fully occupied. It will cash flow immediately. My offer is significantly less than the listing price. Read below for why. (I don't expect the offer to be accepted) + +**My concern:** + +**There are not many comparable properties in the area. Given this, and the fact that I don't know the area that well, I cannot be confident in the value of the property.** + +I might make great cash flow for a few years. But, if I want to sell the property in 5 years and can't find a buyer, I may have to sell for $20K less than I bought it for. I may actually end up losing money! + +How can I acquire confidence in the value of the property? Can I use my lenders appraisal as a source of truth? They would tend to be conservative on the estimate, I would imagine. +For those of you that own rental property would you share advice about how you grew your portfolio? What path did you take (single family to duplex to 4 plex to apartment, etc)? At what rate did you add units? Now that you have grown your portfolio looking back what would you have done differently? Thanks. +The title pretty much says it all, I’ve been reading and some sources give me the feeling that doing rental property purchases aren’t the norm on places like zillow, etc, and most are purchases and find success when doing things like driving for dollars or cold calling distressed property owners. Just looking for input! Thanks :) +Just curious on this. Most books and gurus will tell you that you have to find great deals to succeed. I have definitely felt the ultra high with buying a GREAT deal. Your net worth instantly takes a jump, you have more money to invest in more deals, and you cushion yourself from a falling market. + +But I know there's high income earners out there that don't really have the time to find off market deals or call on pre-foreclosures, etc. + +For those people, have you had any long-term success just buying homes where there is enough rent cushion to pay market price on homes? Let the rent increases build your wealth and ignore the home values? +I've been inspired to share some ideas and maybe some lessons. So here goes... + +I think FatFIRE is also about taking responsibility for your family and your life. Planning for those unknown unknowns as best anyone can. So, the first one is super simple, but the payoff to effort ratio is great! + +The Grab and Go Bag! I created this bag if I need to quickly leave my house. (wildfire, freezing winter storm, etc.) It has an 8 1/2 x 11 plastic zip lock folder for each person in the house. It has any vital documents: birth certificate, passport, immunization, etc. It also has copies of all vehicle titles and real estate deeds. + +Everyone knows if they take anything from this bag, it's always returned so there's no fire drill for where our passports are when we are leaving the country. + +While these things can be replaced, it's a lot easier if you have them. Why plastic? Water. You don't want to lose the docs if they get wet. + +I know most insurance can be accessed online, but having any insurance contact information will be helpful (what if you lose your phone?) and definitely physical copies for property in foreign countries. + +I also keep around $25K in cash in the bag. You never know. + +Let me know what anyone else keeps in their bag! + +\---------- + +EDIT + +Thanks for the replies. Most helpful has been u/sonofasonofason to add a backup 2FA device and I'll also add a phone charger to the bag. + +To be clear, the threat I am mitigating against is a disruption of my fatFIRE lifestyle cause by loss of use of my primary residence. I am NOT mitigating against: + +* Zombies +* Roving bands of marauding thieves +* SHTF +* Collapse of the US Dollar +Ta account. I need advice for my parent. She’s currently unemployed but has been long term unemployed due to redundancy then (and still) studying I feel like she’s been studying my whole life has two degrees already but whatever. I have tried to get her to find work but she wants a very specific job + +To the point unemployed and I believe she has minimal savings what fund can I suggest she regularly put the extra money she does have? + +I am planning to convince her to set up an account at Christmas and one of my gifts would be a lump sum to the investment account. + +QQQ(EQQQ)? + +How can I help? +Insiders and "Original Investors" are cashing out. Better sell this soon before this craters. Please do not lose your money. (I am NOT short BYND and as a customer want this company/sector to succeed). + +The lockout period was supposed to end in October, but insiders could not wait out the sky high valuation. Why do they need a secondary offering, few months after IPO. + +Too many red flags. + +&#x200B; + + [https://finance.yahoo.com/news/beyond-meat-announces-proposed-public-202205407.html](https://finance.yahoo.com/news/beyond-meat-announces-proposed-public-202205407.html) + + [https://www.marketwatch.com/story/beyond-meat-earnings-show-big-sales-gains-stock-wavers-in-late-trading-2019-07-29](https://www.marketwatch.com/story/beyond-meat-earnings-show-big-sales-gains-stock-wavers-in-late-trading-2019-07-29?siteid=yhoof2&yptr=yahoo) +I've always been highly skeptical of options considering how manipulated the stock price is, and the fact that the price almost always stays dead center in max pain especially after these options pushes happen on our sub. + +Think about it. They push options all day and get everyone hyped about them, then AH they spoke the price to further solidify to those that read about options that now is the time to buy before it skyrockets, then the next day they crash the price back down from AH and fuck everybody who bought short terms in b-hole. + +This is why I've been against playing options especially when the sub pushes them, it's any easy way for the opposition to gain some liquidity and cash while fucking over apes. + +Buy. DRS. Hodl. It's all that really matters. +Back in 2011 when you could mine with a GPU. I pool mined about 11 btc. In 2013 sold 5 so I could buy a nice washer-dryer set. I still have no regrets about that, because it was a time where money was tight and we needed a washing machine. Today I sold 3. My son is only a year old but his 529 is almost fully funded (I'll still be adding a few thousand per year). + +I've got just a few more BTC, but no FOMO. Bitcoin didn't change my life, I'm still a working stiff. I'm just happy that my son can be so young and be so ready for the future. That makes it all worth it. + +To others out there. Figure out what your priorities are. If you have only unrealized profits. Fix it. Stay invested if you like (I did) but don't miss an opportunity to take care of what's most important. + +Edit: To those considering purchasing Bitcoin. I say go for it, __but__ do so in moderation. Keep an eye on what's next. When it comes to speculative investments, make a thousand small bets. Sinking everything into Bitcoin could deny you access to money you need for the real revolutionary opportunity in your life. + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* +&#x200B; + +https://preview.redd.it/r5g00w59co241.jpg?width=1080&format=pjpg&auto=webp&s=d99e27e892ff4c36a94c422eda671a027111e848 + +Here you go, you all get to watch me lose more money and call me names again. Update from previous post I ended up cashing out with $40k profit early in the day, so hey whatever. + +Didn't get enough stim from the 80k ride so decided to throw twice as much in this time. For anyone getting bored of my content, sorry. This is really all I've got to offer. I'm not completely retarded so if this really goes against me I'll be cutting losses like the pussy that I am. + +Love you fam. <3 + + +Edit: Everyone chill, still holding. Lots of time on this one. +I am looking at you CaVirtex!! Anyone else who needs to be on the list? + +-Cavirtex + +-Bitstamp apparently holds VERIFIED users funds, when they arbitrarily ask for more verification. + +-MtGOx (WAS famous for this) + +Edit..Creating a captive audience is something we should and can expect from banks. + +Original reason for posting this. http://www.reddit.com/r/Bitcoin/comments/23fnw8/cavirtex_account_frozen_help/ +I am looking at you CaVirtex!! Anyone else who needs to be on the list? + +-Cavirtex + +-Bitstamp apparently holds VERIFIED users funds, when they arbitrarily ask for more verification. + +-MtGOx (WAS famous for this) + +Edit..Creating a captive audience is something we should and can expect from banks. + +Original reason for posting this. http://www.reddit.com/r/Bitcoin/comments/23fnw8/cavirtex_account_frozen_help/ +I always wonder about this when I'm at a wedding. + +http://www.slate.com/articles/business/moneybox/2015/05/wedding_calculator_what_would_i_have_if_i_invested_instead.html + +Tried to x-post from /r/dataisbeautiful but can't crosspost a link post since /r/financialindependence doesn't support link posts. All credit to /u/unclefishbits for the original post. +Trump recently said that Puerto Rico will have to get it debt wiped? How could this affect the region? Thoughts? + +Link : https://www.cnbc.com/2017/10/03/trump-says-puerto-ricos-debt-will-have-to-be-wiped-out.html +[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! + +🏴‍☠️ [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/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I would like to start a discussion, because i cannot find an explanation. + +According to [https://gme.crazyawesomecompany.com/](https://gme.crazyawesomecompany.com/) + +FTD's on 5th of aug was 1.3mil + +The day after, 6th of aug, the FTD's dropped to 300k + +Meaning they delivered 1mil shares on the 6th of aug right? So they had to buy them that day and deliver. + +However.... volume on the 6th was 1,3mil, and the price dropped 3 dollars. I find it very extremely, exceedingly, immensly, unlikely that they located 1mil shares on that day. + +This doesn't make any sense to me. Has there been any DD on this particular event yet? + +&#x200B; + +Sidenote for those who were unaware. FTD's are cumulative. + + [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) +"Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterday's aggregate fails." +I post on this subreddit and I get a lot of Redditors PM'ing me asking for advice on how to land a Financial Analyst job. I usually respond with a few tips and answer their questions and I got to thinking...What if I created an e-Book that listed every single method I've used over my career to get where I am. Thus, I created [a website](http://www.becomeafinancialanalyst.com). By no means is the website complete, so consider it a draft. + +I just finished writing a 10+ page document that describes every single method I've used over the past 10 years to get where I am. **Would there be any interest from Redditors to read the document for free in exchange for giving me feedback on the content?** + +**Edit: Due to an unexpected overwhelming response, I am limiting this to the first 10 people who respond on this thread or PM me. So far I'm at ~~8~~ ~~9~~ 10.** + +**Edit 2: I've found 10 willing Redditors to read and give some feedback. If I don't get torn to shreds too bad, I'll polish up the document and offer a coupon code for Redditors only. Thanks, guys!** + + +Dallas Federal Reserve Bank President Robert Kaplan spoke on Friday: + +"We are now at a point where I'm observing excesses and imbalances in financial markets," + +Kaplan pointed at: + +historically elevated stock prices +tight credit spreads +and surging house prices + +And recommends: + +"I do think, at the earliest opportunity, I think it would be appropriate for us to start talking about adjusting ..." purchases os the Fed's $120 billion in monthly bond buys + +Pretty much all of the talking-head Fed officials have been falling into line with Powell on inflation being transitory and there will be no trimming of monetary stimulus any time soon. + +Kaplan and Vice-Chair Calrdia are the only ones, recently, who have stepped out of line. Kapaln said similar last month as well. + +Kaplan's comments are getting some notice across early NZ and Australia, raising a few eyebrows. + +He even went further and said (again) he believes the Fed will have to hike in 2022. + +Of course, he is a lonesome voice right now. + +https://www.forexlive.com/centralbank/!/icymi-feds-kaplan-broker-ranks-wants-to-talk-about-tapering-20210502 +I've always known that the German economy was bolstered by Hitlers policies, which is one of the primary reasons the population loved him. The combination of World War I and the depression had left Germany in a state of ~ 30% unemployment and a beaten down population. How was he able to take Germany from this state to the economic juggernaut it became before WWII? How sound were his economic policies and how much of it was based on the personal directive of Hitler? Obviously a lot of jobs were created to produce the facilities which built their army, but you still need money to start that up. Did he drastically cut or eliminate certain programs? Had he not started WWII and treated the Jews like he did, would he have been considered an excellent leader based on his economic revival of Germany? +[**Direct Link to Article**](http://www.brookings.edu/~/media/projects/bpea/spring%202014/2014a_krueger.pdf) + +This week's article was [nominated by /u/BestTrousers](http://www.reddit.com/r/Economics/comments/2ehxba/article_of_the_week_nominations_thread_for/cjzxa4b), who writes: + +> Very relevant to current economic problems, and Brookings put a lot of effort into making it approachable (see short summary, video, and infographics [here](http://www.brookings.edu/about/projects/bpea/papers/2014/are-longterm-unemployed-margins-labor-market). + +**Abstract:** + +> The short-term unemployment rate is a much stronger predictor of inflation and real wage growth than the overall unemployment rate in the U.S. Even in good times, the long-term unemployed are on the margins of the labor market, with diminished job prospects and high labor force withdrawal rates, and as a result they exert little pressure on wage growth or inflation. + +--- + +We hope you like this "article of the week" feature. If you have any suggestions to this or other subreddit features or policies, please [let us know](http://www.reddit.com/message/compose?to=%2Fr%2FEconomics)! [Last week's article](http://www.reddit.com/r/Economics/comments/2ehwyu/wynne_godley_2004_towards_a_reconstruction_of/) generated some pretty good comments. For a list of all previous articles of the week, [try here](http://www.reddit.com/r/Economics/search?q=article+of+the+week&restrict_sr=on&sort=new&t=all). + +If you'd like to nominate an article for AotW, please [post here](http://www.reddit.com/r/Economics/comments/2ehxba/article_of_the_week_nominations_thread_for/) for September - be sure to include a blurb on why the article is worth reading, and enough information that we can find an ungated link. + +--- + +## Tentative schedule for September: + +1st - *Are The Long term Unemployed on the Margins of the Labor Market? Krueger, Cramer, and Cho* (2014). + +8th - *Convergence in Macroeconomics.* Woodford (2009). + +15th - *Macroeconomic Theory for a world of Imperfect Knowledge.* Frydman and Goldberg (2008). + +22nd - *New Immigrants' Location Choices: Magnets without Welfare.* Kaushal (2005). + +29th - *The Colonial Origins of Comparative Development: An Empirical Investigation.* Acemoglu, Johnson, and Robinson (2001). +No great insights here, just thought I'd share my musing on predicting the market. I'm 59 now and I've been conscientious about investing ever since I got out of school. Throughout my career I've always had "bright" coworkers who felt they could time the market. I remember one friend in particular who boldly announced that the market was overpriced and he was taking his money out of the market. When was this? 1995. What was the S&P then? $580. (Currently \~$3100) I'm sure my friend got back into the market eventually but he missed out on a great run. + +My investment strategy has generally been S&P Index and just buy and hold. In the 90s I watched as "experts" spoke of the "new economy" and how 10% return was the new norm. I went through the dot-com bust in 2000 and housing crisis in 2008. It has been a ride but I can't complain about the overall performance. One common theme in my years in the market is just how bad financial advice is. I can't count the number of times that I've heard that the market is over valued and we are due for some big correction. When it doesn't happen I'm told that those predictions are right, it will happen, just wait a little while longer. + +More recently, do you remember the fall of 2018? The market dropped from $2900 to $2500. A friend of mine was new to investing and she attended a seminar by a big investment firm (sorry can't remember which). Their presentation was very negative. Bear market, change asset allocation, etc.. This was in December and in January the market came back to new records. It is clear that these experts were just looking at near term trends and had no actual insight. + +So then COVID19 hits and the market really does go through a correction. The market went from 3200 to 2600. That was a buying opportunity! How many of the people that felt the market was overpriced do you think got into the market at that time? My sense is very few. The expert advice was that the market was going to continue to drop and these people sat on the sidelines waiting for that proverbial bell to ring to tell them the market had reached a low. +There's not much to say, but there is too much attention on Apes setting stop losses or selling on a drop. + + + No. + +Apes are not selling. + + + +No. + +Apes are not selling at 420.69. + + + +No. + + + +Apes are not setting stop losses. + + + +I trust you all, go forth with nothing but faith in your Ape-kind and pay no mind. + + +IT'S A BEAUTIFUL DAY OUT HERE BREAKING WALLS AND BEING EXCITED! NOBODY IS SELLING, BUT GET HYPE CUZ EVERY $1 INCREASE IS $1 CLOSER TO FORCED LIQUIDATION. + + +P.S. Happy Birthday DFV 😺 +Don’t be an idiot, buy the underlying asset on none leverage. + +Apes dumb, but not that dumb! Remember that any shares bought on leverage have an automatic stop loss and take profit. Any shares bought at current price means your stop loss is around 112$ and take profit is set to 900$ per share. +https://preview.redd.it/i5o29ekxmnb81.png?width=700&format=png&auto=webp&s=c25fe2c48eec3268d3b9c99dd34fb083e286ea25 + + + +**The IRS revealed earlier this year that it has seized $3.5 billion in the fiscal year 2021. According to reports, the US government has seized 170,000% more cryptocurrency this year than it did in 2019. Jarod Koopman, director of the Internal Revenue Service's cybercrime unit** + +[https://news.coincu.com/47346-us-seized-1700x-more-cryptocurrency/](https://news.coincu.com/47346-us-seized-1700x-more-cryptocurrency/) + +\-------------------------------------------------------------- + +**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 stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and worsening the [depression](https://en.wikipedia.org/wiki/Great_Depression) as the US was then using the [gold standard](https://en.wikipedia.org/wiki/Gold_standard) for its currency. + +[Presidential Proclamation](https://en.wikipedia.org/wiki/Presidential_Proclamation) [2039](https://en.wikisource.org/wiki/Proclamation_2039) that forbade the hoarding 'of gold or silver coin or bullion or currency', under penalty of $10,000 and/or up to five to ten years imprisonment. +Just got an email from Ally, they will reward you with 1% of the value of any deposit you make from an external account to an eligible Ally account as long as you sign up by 3/20/2020 and you leave the money in there until 6/30/2020. + +I don't have any external accounts with cash in them, but I did sign up because the FAQs did not specifically say that direct deposit is ineligible. So I will see what happens. + +Edit: Just want to clarify, the max eligible deposit is $25,000 so the max bonus is $250. +March 27th, 2020 - 10:15am + +JPow sat down at his desk and let out a long sigh as he looked at his MacBook. It had a big 'dollar-sign' sticker on the top that he got for 50 cents at the bowling alley. He opened the computer and used his pointer fingers to type in his password: "J-Money#1". + +He took a long sip of the warm milk in his coffee mug. "How much more should we print?!?" he yelled at the intern situated at a desk outside of his office. + +"I don't know man, it's unlimited, just make up a number" the intern shouted back. JPow hated the intern's dismissive tone but the young man was 6'5'' and built like a NFL linebacker... his wife called the intern a "Chad", but JPow didn't know what that meant. He mumbled to himself, "I'm the money man. Nobody else." + +JPow opened up the Google sheets doc titled "$$$ Money for government $$$" and looked at the only cell on the sheet with anything in it. "100 trillion" it read. + +He stopped for a moment, smiling at his own brilliance, then deleted the word "trillion" and replaced it with "gazillion". JPow nodded and took another sip of the milk, satisfied with his work for the day. + +"Good to go!" He yelled at the intern. +REITs got killed by COVID, and recovered only partially. $VNQ for instance dropped almost 44%, and is still down 20% currently. + +I'm a long-term buy-and-hold investor, and I hold REITs (specifically: $VNQ and $VNQI) in my IRA accounts, because barring their tax-inefficiency, REITs historically yielded better than any other set of diversified securities, stock indexes included. + +However, I am now strongly considering selling out of my entire REITs ETF position and buying stock indices instead. + +My argument is that in the post-COVID world, all aspects of life - work, retail-shopping, and entertainment - will increasingly shift online. As jobs move online, urban real-estate will drop permanently in value. Cities will see an exodus as a long-term trend. Shopping will move online, and with the urban centers abandoned, there will be no return to expensive shopping centers and other commercial real-estate. Finally, entertainment will also move online: with the urban centers decimated, there will be no use for the theaters, bars, restaurants, and all other expensive urban real-estate of that nature. There will be fewer people in those urban centers to consume them, and their former customers who have moved permanently to the suburbs will socialize and entertain themselves within their local community, date within that community and/or online, and consume shows and movies on streaming services. + +That means that people like me who hold REITs like $VNQ and $VNQI in their retirement accounts will suffer **horrible** returns, and not just for the next 5 years. There will be a long-term trend of permanent decline in the value of these real-estate assets. It will not be just a short term drop followed by a recovery; if anything, it will probably get worse over the longer time horizon. + +In simple terms, while stocks will recover, the (partial) recovery in REITs may be driven by nothing more than irrational exuberance, blindly following the upswing of stocks. REITs like $VNQ may have already peaked, and the rational response is to swallow the 20% loss and trade them for a stock index that has better long-term prospects and future. + +Thoughts? +Mister Money Moustache argues that you should put everything into VTI, which invests in the total stock market of the US. His reasoning is below: + +>Some people like to get fancy and buy international index funds, which can do well when the US is hurting (as it has been recently). This is fine, as long as you understand that it’s just another form of trying to outsmart the basic stock index. When you do this, you are stating that you believe the  stock markets of the other countries are more undervalued relative to future growth, than the US market is. The US is traditionally the most business-friendly country in the world, so its stock index has tended to have the highest performance, after taking into account its lower risk and volatility compared to, say, throwing all your chips onto Russia or China. It may or may not pay off in the future – I just want to point out that most people just make this decision on a whim, something like “China is so hot right now, they’re taking over the world!” . Whereas to actually justify international investing rationally you’d have to be a very sophisticated investor and truly understand WHY you are doing it. +> +>So there you have it – in two words: Vanguard.com, and VTI. +> +>[https://www.mrmoneymustache.com/2011/05/18/how-to-make-money-in-the-stock-market/](https://www.mrmoneymustache.com/2011/05/18/how-to-make-money-in-the-stock-market/) + +When I read this, it sounds wrong, especially when he says international investing is "just another form of trying to outsmart the basic stock index. When you do this, you are stating that you believe the  stock markets of the other countries are more undervalued relative to future growth, than the US market is." + +The basic stock market index is not the US market but the world. In fact, by only investing in the US market, MMM is trying to outsmart the basic stock index by taking an active position in one country over another rather than diversifying across many. The same logic that applies to buying VTI over one stock (e.g. TSLA) can be used to invest in a blend of US + developed market + emerging market indexes vs only investing in one of these regions or one country. + +When MMM says that the "US is traditionally the most business-friendly country in the world, so its stock index has tended to have the highest performance, after taking into account its lower risk and volatility compared to, say, throwing all your chips onto Russia or China" he is basically taking another active position. +Not everything is a got damn short squeeze. Most of you retards don’t even know what that means. Gme is shorted. It can be squoze. Silver....NO. Weed....NO. SHUT THE FUCK UP AND GET YOURSELF SOME WRINKLES. +With all going on right now with the GME/AMC short squeeze. It is a good time to see which stock news outlets are on which side of the table. Regardless of any personal thoughts on the squeeze matter, you can at least get a better understanding of your resources. +In tough times like these, it’s important to take a BIG step back and remember the plan. It’s pretty simple: buy low, sell high. + +I’ve been around the block a few times and let me tell you that the LAST thing you want to be is the last seller in a crash. Those people are the ones who give their money to the people who are investing correctly. I promise you, there will be a better opportunity than today for you to sell in the future. + +If you sold last week, congrats, buy back in now to lock in a nice gain in coins. The bottom is too hard to time, and it’ll probably happen in the middle of the night and get away from you before you have a chance. Then you’ll be waiting for it to come back down, then it’ll go above your sell price, and you’ll lose coins. + +If you haven’t sold yet or you don’t have any extra cash to accumulate, you’re holding on for dear life. There will be better days, do not let emotion make you lose focus. +A new report from a think thank Urban Reform Institute shows Sydney as the 3rd most unaffordable housing market in the world along with the other 4 capital cities. + +They use a measure called the Median multiple which is a price-to-income ratio of the mediaN house price divided by the gross median household income. If the multiple is 5.1 or more it is considered as severely unaffordable. +By this measure Sydney is 11.8 and Melbourne is 9.7. It was 3.0 in the late 1980s or 1990s climbing to 6.0 in 2019. + +“However, to make matters worse, house prices have escalated amidst the pandemic in a number of housing markets, even as incomes have been dropping for a large portion of middle-income households. This is in large measure a result of substituting telework for physical commuting, which gave households the flexibility to seek new housing with more space, indoors and out- doors. This rapidly developing demand shock drove house prices up.” + + +https://urbanreforminstitute.org/wp-content/uploads/2021/02/Demographia-International-Housing-Affordability-2021.pdf +In 50 years on this Earth, I've never managed to get a savings account to have more than a few hundred bucks. + +Since January 2021, I've managed to save nearly $20,000 (all now in my Fidelity account, tied up GME shares), by cutting out buying stupid shit, stopping drinking, not driving as much, eating better (and less takeout), not giving as much of it to Jeff Bezos, etc... + + +If nothing else, this community of like minded apes have managed to make me do something that my parents, school, countless bank managers and wife have never managed in all the years -- save some fucking money! + +Well done you lot! Thanks to all of you! +We are 10 years further in the world. + +What will the headlines say? + + +-Bitcoin reached a new ATH of $420.069 + +-Elon musk jailed for market manipulation + +-ETH gas will go down after the introduction of ETH 6.9 + +-Man got arrested for trying to pay with non digital money. + +-Sec vs Ripple, is it a security or not? +Lawsuit proceeds day 4200 + +-Moon coin enters Top 10 with a market cap of $53 Billion + +-XLM faces the resistance of $0.37. Bullish on $0.39 + +-El Salvador is now the country with the most Millionaires + +-MicroStrategy holds 60% of whole Bitcoin supply + +So what are you thinking is going to be a headline in 10 years? +okay so i've been a redditor for a little bit, and i'm hoping someone on here can help my family with advice/steps to take. + +to sum it up: my mother recently was diagnosed with neurosarcoidosis. she will never be able to work again. she has just been approved for SSI, about 750$ a month. we also receive food stamps. the house we are living in was foreclosed on in 2015 (we were unaware as renters until after the fact), and a year later the bank has finally come around to kick us out. we must be gone by october 20. + +i'm 23, a recent semi grad (still have to do an internship to complete my degree/ English major with a concentration in professional writing) and I have no idea what to do. I have a part time, under the table job. My mother's former coworkers helped her to stay afloat while i was in school, but now it's my turn to take care of them. i have documentation stating that i am her primary caregiver, if that matters. + +We have applied for subsidized housing. all estimates don't put us in housing, even "emergency" housing, for another 6-12 months. I grew up in the projects, and my mother doesn't want the same for my sister. We have been looking for a landlord that charges rent according to income. + +There is not many people who can help us that haven't already. no one can take us in. most of our family is scattered around the country or dead. we live in massachusetts, btw. + +My question is, what else can i do? my mother is in a wheelchair, and her medication has weakened her immune system permanently. the thought of winter in a shelter is terrifying for me. + +please, reddit, any help would be unimaginably appreciated. + +EDIT: as her primary caregiver, i am home during the day for food/cleaning/house duties she used to do. she is bed ridden. i am looking into other jobs and my current job is nights. the funny thing about the government is if i get a new job that pays even semi-well, they will reduce her money. that goes for any additional income that could potentially make a difference. + +also i am looking for an internship now, can't get any decent job without my bachelors anyway. + +i'd say we have about 900$ between the both of us per month after i pay the bills i can handle. (i make less than minimum wage) + + +EDIT 2: the house was foreclosed on last year. through some stroke of luck/ill management on the side of the bank, we lived in the house for about a year rent free. this was also when i was away at school (no transportation, gone for months) and my mother was having her - in the end - 3 brain surgeries and was in rehab to recover. however, the bank has finally gone through legal action to remove us, hence the 10/20 move out date. we will receive a small amount to move out, which will be used to go to the next place. the problem is finding a place for her soon enough that fits her needs. the banks money will be enough to move us out and pay a couple of months, but no more. + +i am fully aware and am searching for a job. it's hard being schrodingers graduate and finding a job in my field (lol imagine??) with no actual bachelors degree, and most internships being unpaid. right now i am looking for housing advice / alternative systems other than the government, as we have received just about every kind of assistance from them at this point. +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1577287257702432768) .@The_DTCC Why is Cede & Co still a thing (other than crime)? Aren't the massive server farms which run markets around the world capable of connecting with each companies' transfer agent to locate, tally, and clear all stock transactions in real time? All accurate and available. +Wife and I are married, 30 yo with two kids under two. 145k combined before tax living in suburbs of Atlanta. My round trip commute is 2 hours per day (44 miles round trip). The wife currently works from home office. I will be in graduate school while working for the next 3-5 years depending on pace, tuition is covered by my employer. + +We have a pid off house worth ~250k which we just paid off. We own two cars outright, no student loans, no other debt. Moderate but not agressive 401k contributions. We've been lucky, diligent and we've deferred rewarding ourselves. + +Our caluations show that we can now throw off $5,000 per month after taxes and expenses. + +What do we do? Do we pursue comfort and buy the nicer things in life but limit our potential? Or do we pursue empire, where we maintain our current spending habits, invest aggressively for the next 10 years, to taste great victory or grave defeat? + +Comfort: Nicer house, closer to town. Walkble to public transit, reieves significant stress of commute, closer to economic center, become a one car family. Very close to grandparents (intangible) though they aren't far away to begin with. Grandparents reduce the expected cost of child care but hard to predict a reliable number. On the high side this house costs $600k. To further round against myself assume 200k from sale of current house, 400k mortgage. A 15 yr loan would yield a ~1000k per month surplus. + +Empire: Agressively invest with the goal of creating enough cashflow to not have to work anymore. Investment vehicle TBD. Assumptions is that we would continue to live as ascetic monks, and possibly the investments would require some amount of additional brain space and labor over the time period. This would be adventure as much as finance, what can we make of ourselves? + +"Conan, what is best in life? Conan: To crush your enemies, see them driven before you, and to hear the lamentations of their women! " + +I get SSI money and food stamps. But never really feel poor. I'm frugal where it matters, I make sure there's money in the bank and that I have food in the kitchen. + +I got rid of my cable bill and have gotten myself a Roku Device. I use Coupons when I can. I always check the prices for cheap deals. + +I'm able to buy fun items to have. I collect aluminum cans and sell them for extra money. It's not always a lot of extra money, but it's something. + +I am wanting to get a job. I'm on disability for my back disorder and have been since I was a baby. I've never worked before, but have gone to a Career Center in high school. I can't make a certain amount past my SSI, but still, any extra money would be good. + +Compared to other stories that get told on here I don't feel as bad off. + +I've always been rather frugal with my spending and that helps. + +Not trying to brag or anything, just feeling thankful for what I do have, even if it isn't lot. +Good evening everyone, just coming here with a conversation I had with a friend earlier today. + +If you were given $100 a month to make investments with what would you do? Do you even believe that would he enough to put towards anything that would see a solid return over time? + +We were trying to look at it from both sides and never really were able to come up with a solid idea. What are your thoughts? +Hey guys, I’ve been a webmaster since I graduated college (Clemson, go Tigers!) in 2003. Some of my portfolio includes adult webcam projects. I could use your help with an upvote on this topic if you wouldn’t mind. My goal is to show the adult webmasters the massive size of the crypto community. We just implemented new cryptos on our platform and I want to urge other webmasters to do the same. Once this gets some legs, I plan on posting it to some adult webmaster news resources such as XBiz and AVN. It would be huge if we got this on the first page of Reddit to show them the demand. I’m not sure if you’re up on your internet history, but if you watched the movie Middle Men, you would know that Porn paved the way for online billing back in the late 90s. So maybe, just maybe, this could be substantial for merchant adoption. + + +Without further ado, here’s the letter I plan on publishing… + + +Dear Fellow Adult Webmasters, + + +Rather than submit a press release about adding multiple cryptocurrencies to our payment options on camwithher.com, I wanted to reach out to my fellow webmasters and urge you to do the same. The adult industry paved the way for online credit card processing in the late 1990s. Perhaps it can also pave the way for cryptocurrency payments online. + + +We were the first cam site (and perhaps adult site in general?) to offer Bitcoin deposits (https://bitcointalk.org/index.php?topic=138248.0) in January of 2013. Then unknown cryptocurrency advocates (now major influencers), Erik Voorhees (Shapeshift.io) and Tony Gallippi (Bitpay.com), convinced me to integrate Bitcoin into one of our more unkown cam sites as a test. At first, I was skeptical of digital money, transferring it 100% into fiat, however, I quickly changed my tune. Soon thereafter I integrated Bitcoin into our other sites and adjusted our settlement from 100% fiat to 100% Bitcoin. I got a fever, and the only prescription was more crypto. I was hooked. I started becoming a huge crypto advocate myself. I spoke at Bitpay’s Internext seminar. I went on to build my first mining rig. I invested in alt coins. It became a whole “thing”. HODLing became life. + + +Fast forward to today, cryptocurrency has come a long way, getting integrated more and more into everyday life and featured in major news headlines. However, there’s still a long road ahead in mass adoption, and this is where I think we can significantly make an impact. **A vast majority of merchants don’t accept cryptocurrency and there’s absolutely no reason not to**. Let me explain… + + +**Do you like low merchant fees?** Well you’re not going to get any lower than .5%. What other processor (especially in adult) will give you that? CoinPayments.net will and they’ll throw in a Paypal option at no charge. Some adult processors are taking 15% or higher. + + +Do you like getting chargebacks? Of course you don’t, and you won’t have to with cryptocurrency. **There are no chargebacks**. Yeah, none, zip, zilch, nyet, you get the picture. + + +Not a huge fan of crypto? No problem, **get everything settled in fiat at no charge**. If you’re anything like me, that will change. + + +What’s in it for me you ask? Sure, I own crypto and it would be nice to see it go up in value, but that isn’t why I’m writing this. Sure, my cam site is featured in this letter so you may be thinking I want the traffic. Traffic is nice, don’t get me wrong, but I sincerely want to see crypto get to the next level. I believe in the vision and want to see it succeed. + + +**You have nothing to lose!** So you only have to ask yourself one question. When Lambo? You’ll understand that once you dive in ;) + + +All the best, + +Steve + +President + +SNR Productions, Inc. + + +Disclaimer: I kept most links out of this letter that I plan on putting in the news articles. I just wanted to follow the rules of this sub and didn't want this to appear as spam, so I left them out. + + +PS. I'm extremely excited to be the first cam site to offer BTC, LTC, BCH, DASH, DOGE, ETC, ETH, LSK, NEO, QTUM, STEEM, XMR, ZEC, and XRP payments! + +edit: Wow ranked #3 on r/cryptocurrency! Thanks everyone! This is going to def turn some heads. +Hi all, **u\\bosshax** here, + +No dates... but... Ryan does tweet for a reason and there are bread crumbs here... + +For non US apes... New York is often called the "**big apple**". + +https://preview.redd.it/aj76eh9zud491.png?width=597&format=png&auto=webp&s=d28fd0b32fd2090f2f2ab6b999ec0f487d882c83 + +Last year Matt Finestone, head of GME Blockchain, attended [NFT.NYC](https://NFT.NYC) with several other GameStop executives. + + +https://preview.redd.it/ezu2fvj2vd491.png?width=596&format=png&auto=webp&s=a4f53df1643c3a95d52001a37c268f2d15665b46 + +This year the same event is June 20-23rd, 2022. + + +https://preview.redd.it/r76chnuwzd491.png?width=1252&format=png&auto=webp&s=f9cead67af69479e898057c592e23ed0997a7d4e + +https://preview.redd.it/6nrl5q36vd491.png?width=597&format=png&auto=webp&s=6c5bf0396fb8979d7990b25130c86660eeedd884 + +Ryan, Meme Lord, also tweeted this back in January... 6/9, the most memeiest number. + + +https://preview.redd.it/5u1ngtj2wd491.png?width=595&format=png&auto=webp&s=6effa41b08f002902f50ba2d2fb32d7f7c05c783 + +Generally the *earliest* you can implement a stock-split dividend is 10 days. + +https://preview.redd.it/k34hgz0wvd491.png?width=664&format=png&auto=webp&s=29efb9b3989385c99f8622cf4f2f57779febf0c6 + + +This Thursday June 9th is 6/9... + +Ten business days later is [NFT.NYC](https://NFT.NYC)... + +6/9 *could* be a stock-split announcement AND GME NFT Alpha Marketplace launch/reveal at the event. + +https://preview.redd.it/eodzdcskwd491.png?width=2049&format=png&auto=webp&s=549af9d1f7a0e4ad07b731ac409186c7dd76737e + +[NFT.NYC](https://NFT.NYC) called out the Immutable (IMX) and GameStop (GME) partnership last year... so they're familiar with both brands. + + +https://preview.redd.it/k0cw6thrwd491.png?width=588&format=png&auto=webp&s=2db0a0768ebfc22034e99f0a06a9c80a7a26bd66 + +Probably nothing but... Immutable (IMX) is hosting an after-party at [NFT.NYC](https://NFT.NYC). Suffice to say this event *seems* a big deal. + + +https://preview.redd.it/kdec90e2xd491.png?width=467&format=png&auto=webp&s=d62d93ff516b8786e7d82c53a18751070d66da9b + +On June 7th 'Launch Creators' simultaneously revealed they are part of the Launch group for GameStop NFT Marketplace: + +&#x200B; + +https://preview.redd.it/bq2aewapyd491.png?width=601&format=png&auto=webp&s=b2ce7c60fd95dbf5855f232bcde13348992ae77e + +We already know there are several phases of the GameStop Marketplace and below describes Alpha, which comes before IMX integration/content. This *sounds* like Launch Creators to me. + +&#x200B; + +https://preview.redd.it/vnxuvmltyd491.png?width=1072&format=png&auto=webp&s=e3d051eec902a09e96deae6c7041518a6f39d1f2 + +&#x200B; + +&#x200B; + +https://preview.redd.it/vn7pth510e491.png?width=782&format=png&auto=webp&s=57852cd1dda017f066c983ae99e886b0df67b8a8 + +Some creators have been ready and waiting for over half a year: + +&#x200B; + +[This creator was minting months ago...](https://preview.redd.it/ugx1y6y40e491.png?width=588&format=png&auto=webp&s=62c7c67f58bdf5932adbf969c0b64b6b712a85e1) + +So Launch Partners are ready, they're beginning to tease an Alpha Launch... We have the Superbowl of NFTs coming up... and Ryan's got his finger on the stock-split trigger. Does 6/9 start the hype-train and rally into split? Amazon just had their stock split and their stock rallied 25% into split date (kind of huge for Amazon)... Just saying. + +So, no dates... but some dates... + +It's always tomorrow... + +**TLDR:** + +Ryan Cohens tweet "the apple doesn't fall far from the tree". + +apple = new york + +coming June 20-23 is [NFT.NYC](https://NFT.NYC), **the Superbowl of NFT events.** + +Everybody is there including Immutable X, also hosting an after-party (it's a big event). + +Ryan Cohen also tweeted 6/9- the most meme number and it's tomorrow. + +The SEC requires 10 days to implement stock dividend. + +10 regular days is June 20th, 10 business days is June 23rd, both work... + +Launch creators are beginning to reveal they're close to Alpha GME Marketplace Creator Launch... + +**Theory:** Ryan Cohen could announce the stock split on 6/9 (tomorrow) and create a huge rally into the [NFT.NYC](https://NFT.NYC) event where they will launch Alpha GME Marketplace. So we have simultaneous stock split + Alpha Launch. Nice. That will get media attention... + +If you like my theories you can follow me on [twitter](https://twitter.com/EndOfTheWake). It is not monetized, I make no money from anything and I have a whopping 300 ish followers. +I am a foster parent to an older teen who has received his first payment from a settlement for something that happened many years ago. It’s about $16,000 and he will get a similar amount for the next couple of years. + +He wants to save/invest wisely. He’s also already going a little overboard with spending in the excitement of having money to spend (not totally crazy yet, but he’s spent a couple hundred just on the first day). He’s asked for help not to waste this chance. + +My co-parents and I don’t really know anything about money or investing, except that this money could help him out in life or could get pissed away. He is a very shy kid and doesn’t want to talk to anyone but us- he wants us to find out some good options and present them so he can choose how to proceed. + +Can anyone help point me in the right direction(s)? One of his aunts, who is relatively well off, mentioned something called a Roth IRA- I don’t even know what that is. He refuses to speak directly with her, or with anyone at his credit union, or generally speak with anyone else but us. Meanwhile, we’re just some idiots who happen to have formed a strong connection to him but have no actual knowledge. Help?! +If you're single, how is dating different when you're high-up in NW? Are there things you have access to that most people don't. What surprises you about dating while wealthy that most of us wouldn't expect? +My wife and I are considering moving from TX to WA (to be with family) and the housing price difference is a little hard to swallow. I was curious, so I punched our info into the NerdWallet affordability calculator and it gave us absurd numbers. With a 200k household income, at 36% DTI we could "afford" about $950k. That is literally impossible with 2 children while also saving for retirement and having disposable income. + +I added up what we pay into retirement, health insurance, and HSA and it's about $2800/mo. That's an entire mortgage payment, which greatly decreases discretionary income. Now add in groceries, utilities, all the random stuff you have to buy, plus house maintenance, car maintenance, etc...leaves you with very little, and I'm not even talking about a 950k house, I'm talking about a more reasonable 500k house in WA. + +Why do these calculators give such inflated numbers? Surely they should consider that while not everyone has children, everyone still has a lot of expenses other than debt. We plan on having all cars paid off before moving, but even then, it feels tight, because we feel a lot more comfortable having plenty of money for both planned and unplanned expenses. + +How do others feel about this? +It seems that Bitcoin traders like to refer to Ethereum as "The Other Coin" to avoid using its name. (Because Ethereum is censored on Bitcoin subreddits?) + +In celebration of this, I have registered http://www.theothercoin.com and pointed it to ethereum.org + +(and also http://www.thatothercoin.com) + +(So you can now refer to this site in all communications to Bitcoiners on their subreddits to avoid getting censored. At least for a little while until they catch on?) + +Cheers! +We hit 40 on coinbase baby! I love you all! Every single person on here has been so supportive and I've generally had a great time doing everything from learning about ethereum, to chatting it up in the daily thread about TA. I'm glad this group is moving into the future together. Onwards and upwards! +Can someone with actual experience in investing help me out? + +So I was thinking, if a short squeeze was still to happen, the hedge funds would wait it out (pay interest on the borrowed stock) and buy all the shares they shorted back at the lowest possible price, logic would suggest that they would have not bought the shorted stock at the peak of 500$ but instead would let the waters calm down ( cause some chaos by driving the price down to trigger some sell off ) and then buy back the shares owed close to the price they sold it for to minimize losses ($5/share I believe). + +Now if the shorts are yet to be covered, would the stock sky rocket when the price reaches around the $5 - $6 range and all the shares shorted would all be bought at the same time? Also do we have reliable information of when the short expires? + +Keep the trolling and speculation to a minimum please. I need people who actually know what they are talking about... not speculation of "the squeeze already happened" or the other side of "it's going to the moon" +This past week has reinforced something I thought I’d be beyond by now: that my trading is still subconsciously being affected by money. I switched back to paper trading and am not only undefeated so far, but my entries and exits are near perfect. Yet for the last few weeks before, when real money was on the line (regardless of how little), I was mistiming and mismanaging everything, leading to far more—and larger—losses than wins. + +I should be well past this roadblock, but the data isn’t lying. This is clearly a psychological wall that I’ve yet to jump over. So my question to all of you is simple: what do/did you do when you hit a wall to overcome it? +What strategy would you start out with if you had a $4k balance? I have decent knowledge about greeks and market movements, but Im not sure which strategy would be best to start with. +I bought a SPY 405 call expiring at the end of the year and sold a call for $420 strike expiring on the 28th. If SPY goes up past 420 and I am assigned on the 28th do I need to buy 100 shares of SPY at $405 and sell them at $420? Buying SPY shares at that price($405) would cost me $40,500 and I don't have that cash in my account even with margin. Guess I'm just asking what would happen to my SPY calls if they expire in the money at expiration and I don't have the cash for 100 shares? +Is it even worth pursuing thetagang strategies without portfolio margin (i.e., being able to sell naked puts and calls)? Selling naked introduces risk, but risk is correlated with reward in the long term. It seems hard to sell enough premium relying on cash secured puts, covered calls, vertical spreads, etc. +I have always ran the wheel via cash secured puts. Im curious on using margin to "secure" the put. But I don't know how to calculate the cost of using margin. How does the interest work? For example if I sell the amzn 135p 14 DTE and the trade is open for 4 days before I BTC about how much would that cost (TD Ameritrade)? Can't be more than a few dollars? I have to pay interest for that margin correct? +What do you guys think about AMD? Their stock took a hit this past quarter, but they are expected to do some big numbers this upcoming quarter, could this propel their stock to triple digits in the future? Is it a buy? Thanks for any advice. +GG was telling us, the big guys submit articles for the SEC to sift through and consider. And the SEC has to read it. We have the pandoras box of information showing fraud, crime and flaws in the market. Make them read the DD! SUBMIT THE DD TO THE SEC! Make them listen!! + +https://www.sec.gov/rules/proposed.shtml + +Also I have the DD library: + +https://fliphtml5.com/bookcase/kosyg + +Is there any other place where it's easier to copy and paste the DD? Into one giant volume we can upload to each proposal 😁 Or intivudually? + +Lot of work here, any ideas how to divy it up, any apes up to help spread the good word? +Hey, + +I trade using order flow concepts : Microstructure, [Footprints](https://i.ytimg.com/vi/BxrdtbDgvhw/maxresdefault.jpg), absorption, exhaustion, imbalances, Volume at Price, etc... + +I find those concepts highly useful and as soon as I started using them in my discretionary trading, I immediately wanted to check their real statistical effectiveness, create order flow-based systems, backtest them, and ideally improve those systems using machine learning. + +So, having only a little programming knowledge, I started my journey in algotrading by getting a serious education in Python/Pandas and learning the basics of Machine learning. + +&#x200B; + +Now that I am about to start diving into algotrading, I have this question in my mind, I hope you can help me: + +Is it common in algotrading to use order flow concepts ? It seems that I can't find a lot of ressources about those concepts in algotrading books, MOOCs, websites, etc... + +For example I am currently starting to read the book [Hands-On Machine Learning for Algorithmic Trading by Stefan Jansen](https://www.amazon.com/Hands-Machine-Learning-Algorithmic-Trading/dp/178934641X/ref=sr_1_1?keywords=Hands-On+Machine+Learning+for+Algorithmic+Trading+by+Stefan+Jansen&qid=1563693736&s=gateway&sr=8-1) but it seems that the author never mention any of those concepts. Same for the myriad of algotrading Books, MOOCs, websites, platforms like Quantopian. Everybody there seem more concerned about Alpha Factors, Portfolio optimisation, Arbitrage, natural language processing, etc... I thought that order flow concepts would be at the very core of a lot of algotrading systems, but apparently this not the case. + +Another example is that the concept of Delta (like in Market"Delta", the bid volume - ask volume) which is always used in order flow analysis, seems not very commonly used by quants (when quants speak about delta, they refers to [a completely different concept](https://www.investopedia.com/terms/d/delta.asp) relative to options and hedging). + +&#x200B; + +So what it is? Is it that quants and order flow traders are just not using the same language to speak about the same thing? Is it that order flow concepts fail so miserably when put into rigorous backtest that very few algo traders are interested in them? Is it that they're too difficult to implement ? Or maybe am I just completely off the track and a lot of systems or HFT algos are already based on order flow concepts but I just don't see it... + +&#x200B; + +Any good ressources to continue my education in the (order flow + algotrading) direction is of course very welcome. + +&#x200B; + +Thanks for your help. +Hey guys, wondering if there is a way to run an automated bot off of my tv strategy? Am I able to do this in tv or do I need to set up some other software? My goal is to use it strictly for stocks. I am hoping there is a way to somehow connect it to td ameritrade as they have free trading and I know there is a way to get the api key for my account. Obviously new to it so go easy on me lol +He said ETH is the one that going to break out, and estimated it to go to $15,000 by 2020 barring any regulatory interference. Anyway, he lives at home with his parents, never eats out, and drives a junk car. He says he averaged under $20/ETH overall. He works at a pizza shop and buys clothes used so he can sink more and more into the ETH. Devoted HODLer. +Ever wondered if you’re susceptible to the mighty fear of missing out? + +If you’ve opted to start injecting some additional funds into crypto as it has a pump, but didn’t add anything over the course of the last couple months prior, then you’ve unlocked the FOMO achievement. + +It might not seem like a big deal now, *prices are still so low!* and that would be true. + +But that’s not the point. The problem is, how will you behave when eventually there’s a proper bull run? Will you be buying all the way to the top? Will the excitement make you invest more than you did when it was crab crawling along? + +I love a green day, but if you’ve loaded up today but had no interest last week then just be mindful that *you’ve been hit by, you’ve been struck by, a smooth FOMO.* +I think we may be about to witness the greatest financial judo move in recorded history: **Musk will make Tesla private and bury the Shorts, using their own money**. It will not cost him a dime. Detailed explanation below: + +Why is this even conceivable? Because Tesla is the most shorted stock ever. There are more shorts to cover than shareholders who would prefer to cash-out at $420. + +[Some TSLA data](https://finance.yahoo.com/quote/tsla/key-statistics/): + +* Shares outstanding: 171M +* Float: 127M shares, of which: + * Musk: [34M shares](https://www.nasdaq.com/quotes/insiders/musk-elon-831665) + * Institutionals: 81M shares. + + Almost all of them (above 70M shares) are not prohibited from holding shares in a private company. + * Other (incl retail investors): 12M shares. + + + Note there aren't enough of those to significantly change the picture. + +* Short interest: [35M shares](https://www.nasdaq.com/symbol/tsla/short-interest) + +Now let's *assume*: + +* This is real. Elon actually has someone willing to buy out any shareholder who doesn't want to, or cannot, go private, at $420. +* Most institutional investors will chose to remain with the privatized Tesla and not exit at $420. +* The board approves, and it goes to a shareholder vote, with a guaranteed 2/3rd majority of Musk and almost all the top institutionals. + +What will happen? + +* You have 35M shorts to cover. Less than 35M shares to do that. Nobody will sell for less than the 420 they know they'll get anyway. Result: [Volkswagen-style short squeeze](https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028). +* Anybody who wants out can sell during the short squeeze. +* If the squeeze goes high enough, some shareholders may change their mind and sell anyway. Probably all the shorts will be covered, but significantly north of 420. +* The only shareholders remaining after the squeeze are those who want to take their stocks into the private stage. + +Result: There are no shareholders left that need to be bought out at $420. The short squeeze took care of those. Tesla goes private. Cost to Musk: ZERO. + +A classic judo move - use your opponent's momentum against them. + +I realize the above scenario sounds insane. But the logic is sound. Even if more institutionals want out, the short squeeze will take care of most of them, and the actual cost of privatization will be a small fraction of TSLA's valuation. + +If you think this is BS, please explain why. +Edit: I just read this article about the five ratios you need to consider before investing https://www.stockmetrix.net/blog/post/070318/5-most-accurate-financial-ratios?t=gauRed#17b. Would love to hear your guys' opinion on it! +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. +**TA;DR:** Fidelity fucks, MOASS imminent, buy/hodl + +***edit 4: no price anchoring:*** *the job listing defines high net worth as a figure far less than my floor -- the speculation comes by way of the nature of these listings and their relation to the previous run-ups* + +# Fidelity Fucks: + +As many of you saw earlier today, Fidelity has reported that they are looking to hire 9,000 new employees by the end of the year to keep up with demand. + +[Fidelity to hire another 9,000 employees this year](https://preview.redd.it/nt13mod6lrk71.png?width=1070&format=png&auto=webp&s=518bb43cd48044290fe86667f020cd43df139815) + +It's no secret that after RobinHood and other bad actors halted the buying of shares in January that many retail investors began transferring their assets to more reliable brokerages. Among those, Fidelity seems to have absorbed a new demographic of traders at an unprecedented rate ([Fidelity adds 4.1 million new clients in Q1 of 2021](https://www.cnbc.com/amp/2021/05/05/fidelity-adds-4point1-million-new-clients-in-the-first-quarter-of-2021.html)) + +Even more exciting is that transfers to the service are now happening in as little as one day! ([https://www.reddit.com/r/Superstonk/comments/oyia6b/i\_dont\_know\_who\_still\_needs\_to\_hear\_this\_but\_rh/](https://www.reddit.com/r/Superstonk/comments/oyia6b/i_dont_know_who_still_needs_to_hear_this_but_rh/)) + +[Search trends for \\"Fidelity Transfer\\" over the last year](https://preview.redd.it/qxtvevssnrk71.png?width=1443&format=png&auto=webp&s=187ee2cef298d05a6e1985c052a953a879a8553d) + +# The types of roles that Fidelity is currently hiring for: + +Here's where my tits get jacked. After casually browsing [jobs.fidelity.com](https://jobs.fidelity.com), I found a shocking number of listings for "High Net Worth Associates" posted in the last 30 days. + +[\\"High Net Worth Associate\\" job listings at Fidelity ](https://preview.redd.it/mhsps3awprk71.png?width=1034&format=png&auto=webp&s=1c48a5d36397859ffc8cb6cc0ae0d5c225303fba) + +>As a High Net Worth Representative, you will be focused on enhancing relationships with our high net worth **clients who have assets of $250,000 to $1 million and therefore have complex service and investment needs**. In this role, you will help us to increase customer loyalty and drive business development opportunities + +Not only are there currently 31 remote listings for this role posted *this week*, the job is currently needed in 11 major cities. Fidelity is preparing for a mass influx of new millionaires and this time they mean business. + +I tried my hand at using web archives to compare the volume of job listings to months prior though I wasn't able to find anything of use. Glassdoor and Indeed, however, have an increased number of reviews for this position beginning in early August. + +[Indeed.com trend of \\"High Net Worth Associate\\" reviews from Fidelity ](https://preview.redd.it/ypnvm8j4rrk71.png?width=474&format=png&auto=webp&s=4607ab275df57c58aeff8b15f0823a2fccf2c775) + +As you can see, according to Indeed, the number of employees in this role has been steadily increasing this year. But why now? Why would Fidelity pick the last week of August to post hundreds of new listings for high-net-worth clients? + +# A look into the previous run-ups: + +**edit 5**: I keep coming back to this chart. It's interesting how well the spike in searches for HNW Associates lines up with GME's chart up until July. Why pump out employees then? Especially only a few *days* before this insane bull flag. Maybe I'm overanalyzing but I am jacked beyond belief + +It's no surprise that with each run-up of the stock, thousands of Apes begin planning their financial freedom. I knew this would be the case, though the synchronicity of the graphs was still enough to get a good laugh out of me. + +[\\"High Net Worth Associate\\" search trend compared to $GME year-to-date chart ](https://preview.redd.it/tqwvn58osrk71.png?width=1442&format=png&auto=webp&s=ec80f0d4a900935a12eb7bb9ab912d4a2e0f4dc9) + +&#x200B; + +# What's Next: + +With GME again at the battle of $220, Earnings on the horizon, and a myriad of signals from Cohen and known whales ([https://www.reddit.com/r/Superstonk/comments/pfct32/we\_find\_out\_vanguard\_increased\_gme\_shares\_by\_5m/](https://www.reddit.com/r/Superstonk/comments/pfct32/we_find_out_vanguard_increased_gme_shares_by_5m/)), it seems that the Endgame is again upon us. As an Endgame we've teased a few times now, the question of ~~"why now?"~~ "**why this time"** still remains. + +As a smooth brain, I have infinite ideas as for what this *could* mean. It's interesting that the role is for client's handling 250k-1MM, as I'm not sure why anyone would sell 1/100th of a share, but it's interesting nonetheless! + +**TL;DR:** Fidelity is hiring representatives for millionaire clients at a rapid pace 🚀🚀 🚀 + +&#x200B; + +edit: there's a typo in the last graph. whoops! ~~NEW WORTH~~ = Net Worth 🦍 + +edit 2: looking back, I think it's interesting that searches for financial advisors (specifically Fidelity's title) peaked in late July despite there being no equivalent GME run-up. The ramp we're seeing now came a few weeks after the initial wave of job-postings in late July as well. Did Fidelity expect this? It would make sense to announce team growth today if the next sneeze is imminent. Huh. + +edit 3: I've received messages from two users who claim to work for other brokerages with similar policies. It seems like this role would also represent someone with way more zeroes than the 250k-1M figure. The higher tier analysts are moreso related to services than the investor's capital; meaning any Ape could work with a High Net Worth associate for cheaper than the alternative Elite Supermega Package + + +edit 6: formatting lol +# What is NEO / GAS? + +Neo is a smart contract network, similar to Ethereum or Binance Smart chain. + +# What makes NEO and GAS unique? + +**Two token model** + +Unlike other smart chains, Neo has a unique concept where the main token NEO, is actually not a coin (although it can be transferred), and it is not used to pay Gas. Instead, GAS is used as a coin, and NEO is used to vote and to generate GAS.NEO can be seen as a dividend-paying share with voting rights.GAS can be seen as an alternative to ETH or BNB. It's the native coin of the network, and used to pay GAS/fees + +**Passive and sustainable income** + +NEO will passively generate GAS. Some GAS is newly minted (a diminishing curve until the max of 100 million GAS is reached) and other GAS is the GAS that is used for fees. With holding NEO you're basically a miner, without having to actually mine. It's completely passive income that does not inflate the price of the coin. + +**Voting** + +NEO holders can vote for committee members and validator nodes, so NEO holders can ensure the network governance stays decentralized and managed by people they trust. + +**Efficient consensus algorithm** + +NEO uses a consensus algorithm that is by design a little bit less decentralized. Now this may sound bad at first, but let me explain why this is actually a good thing. + +Centralized - decentralized is not a binary choice, rather it is a scale. Instead of being 100% centralized or 100% decentralized, you can pick a value somewhere in between. NEO picked a value a little bit closer to the centralized side, but it is still decentralized. Now why does this matter? + +It matters because of the blockchain trilemma. You may know of the very common trilemma of "choose two: cheap, fast, good", blockchain have a similar trilemma, "choose two: decentralized, scalable, secure". Now NEO choose to slide a bit more to the side of centralization (while still being decentralized) to allow a bit more room in the scalability side, without making concessions to security. + +It's important to note that NEO still has all the benefits of being decentralized, but it's also important to consider what level of decentralization you personally are happy with. Is NEO decentralized enough? that's something only you can decide. + +How efficient is NEO? NEO can in practice reach 1000 tx/s on layer 1 easily, that's not even considering layer 2 solutions. Compare this to Ethereums 15tx/s on layer 1. + +# What are the competitors? + +Ethereum is the main competitor. It's currently facing scaling issues due to its high popularity. ETH 2.0 should help with this issue, but NEO is a great alternative in the meantime, and it has other advantages even after the launch of ETH 2.0 + +Another competitor is BNB or Binance smart chain. It's very similar to ethereum, which makes it a popular choice to port solidity apps to BSC. However, since it is so similar to ethereum it will face exactly the same scaling issues. + +Other smart contract platforms exist, such as TRON, Cardano, etc. but most of them don't have a working smart contract yet or don't see much use. + +# What advantages does NEO / GAS have over the competitors? + +Most of them have been mentioned above in what makes NEO/GAS unique. + +**Developers can use mainstream programming languages to develop on NEO** + +Neo allows developers to use common programming languages like javascript, python, java, kotlin, C#, F# and others, while ethereum requires solidity. This makes the barrier to entry for developers a lot lower. + +**Build in oracles and build in filesystem** + +Oracle services (similar to chainlink) and filesystems (like SIA) are built-in to NEO. + +**Scalable gas fees** + +The network can react to GAS prices by lowering the GAS fee on a protocol level. This means all contracts will require less GAS to use, which makes the fees affordable even when GAS prices rise. + +**Capped supply** + +NEO and GAS have their supply capped at 100 Million. NEO currently has around 70 Million circulating supply, while gas has 10 Million circulating supply. + +# What are some common worries? + +**China** + +NEO is a coin that was made in china. This worries some people. However, it can also be a benefit. China is a huge market, with lots of money, and Chinese people tend to support Chinese companies. This gives it a very strong home base. And since NEO is decentralized, just because it was invented in China doesn't mean that China can control it. If the NEO holders vote for committee members outside of China, there is nothing China can do to harm NEO in any way. + +**Centralization** + +While NEO scores lower on the degree of decentralization, it is still very much decentralized, and it has a governance model where NEO holders can vote and thereby participate in governance (indirectly by voting in or out committee members and validator nodes). + +**NEO becoming unaffordable** + +Since NEO is not divisible, people fear it may be out of reach for many people. However many exchanges still allow you to buy fractional NEO (even though you can't send them to your wallet, nor use them to vote, but the exchanges do usually pay you the GAS). Also, if you can't afford NEO, you can always buy GAS. Buying GAS is similar to buying ETH or BNB. + +**It's not listed on some exchanges** + +Binance is the biggest exchange that lists it (but not in the USA). This may be because exchanges aren't interested in NEO, but it's probably for another reason. + +Exchanges probably are not legally allowed to sell NEO because NEO is like a security. Also since NEO generates GAS, many users expect the Exchanges to give them the GAS they generate (most exchanges that DO trade NEO also give you the GAS you generate). + +This is also an opportunity because if in the future more exchanges list NEO, this will really explode the price. Don't count on this to happen though, as NEO isn't like most other coins. Also make sure you're legally allowed to hold securities, or accept the risk if you aren't allowed. + +Personally I think it's your money and you should be able to do with it what you want, but take care of yourself ok? + +GAS may be more likely to be listed at more exchanges because GAS is definitely not a security. + +# What can make NEO / GAS explode in value? + +Both NEO and GAS are hard-capped at 100 Million tokens each. NEO currently has a supply of about 70 million, while gas has a supply of about 10 million. + +NEO 3.0 is about to launch, which will bring some improvements to the protocol. + +The NEO network is several orders of magnitude below its competitors despite actually have a working product that scales well. (literally 100 times cheaper than EOS and 4700 times cheaper than Ethereum) + +If NEO can even get 5% of the users that Ethereum CURRENTLY has, GAS would increase in price by 235 times! The risk-reward ratio is massively skewed. If NEO would reach their Tx/s limit just like ethereum, gas would increase in value by a staggering 313,000 times. A potential upside of 313 THOUSAND times, that's insane value. And that's not even considering scaling in the future. That's just assuming at some point NEO would reach the limits of what it CURRENTLY supports. + +As long as NEO gets even a fraction of the users that Ethereum has, which is not so hard to believe since NEO is one of the few competitors to Ethereum that ACTUALLY have a functioning product RIGHT NOW, and Ethereum right now has fees in the double or triple digits, the price of GAS and NEO will absolutely skyrocket. + +# NEO/GAS, which one should I buy? + +***NOTE: NEO is not divisible, while most exchanges allow you to buy fractional NEO, you can NOT send a fractional NEO to your wallet, and you WONT be able to vote with a fractional NEO, although some exchanges do give you your share of GAS for fractional NEO. GAS is divisible.*** + +Buy NEO when either of the below is true: + +* You believe in the Neo network and believe it will be more popular +* You intent to personally use the Neo network a lot in the future, and want to have a passive source of GAS to pay fees with +* You want to speculate on the price of NEO + +Buy GAS when: + +* You actually intent to use the neo network right now, but aren't sure you want to continue using it a lot in the future. +* You can't afford a full NEO (note NEO isn't divisible, but GAS is) +* You want to deploy a smart contract on NEO (note, you might be able to save on GAS costs by using MCT) +* You want to speculate on the price of GAS +* You are worried NEO being counted as a security and therefore prefer holding GAS if you're not legally allowed to hold securities. + +Market caps of competitors: + +|Name|Market cap (in billions)| +|:-|:-| +|GAS (native NEO fee token)|$0.047| +|Ethereum|$221| +|BNB (Binance Smart Chain)|$40| +|Polkadot|$29.5| +|Cardano|$28.8| +|EOS|$4.9| +|TRON|$4.3| + + +edit: some clarifications +I understand that if you're a day trader you must be sh*tting yourself right now. Fair enough. + +But to all the presalers and holders... lets be real- these prices were considered expensive only a couple weeks ago. The fluctuations in this market are crazy so yes it is a risk to hold if you're looking for short term gains. But if you're looking for long term gains then its a risk to sell. The long term gains outweigh the short term gains every time. + +Bitcoin dropped from $30 to a couple dollars and then took almost a whole year to rise again to its ATH at $1100 before slowly stabilizing between $300-400. Looking at all the development going on top of the Ethereum platform I personally think we'll see the price rise a lot faster that bitcoin ever did. + +Yes we all wish we could time the market - sell high and buy low but when/if you understand the potential ethereum has - you realise being greedy and failing may prove to be very costly in the long run. +From all of the data I've gathered reading, talking to people, hearing their stories, watching crypto spread in groups of friends, running into random people at the airport talking about ETH/crypto, I have a strong inclination things are about to explode. Yes I understand I am using anecdotal evidence, but that plus all of the exchanges being backed up/support not answering/exchanges crashing/2B daily volume, I'm able to make a pretty strong educated guess. I have been in the crypto space (and Ethereum space) for 2 years now and I haven't seen anything like this. I think we're going to the moon. I predict ETH's market cap triples within the next 3 months (think about how long that is in the crypto world). BTW I'm not pumping right now. I actually just sold a lot because it was too much of my net worth and I try to manage my finances responsibly. This is my true and honest sentiment. Barring the Bitcoin debacle is overblown as always and doesn't tank the market, I'm confident with my statements. People are greedy, and word of mouth is too strong right now. P.S. I do not think this is a pure opinion post given I have provided facts about the sheer volume of crypto lately. + +EDIT: It would be cool if you posted your anecdotal evidence exemplifying how many people are learning about crypto. + + +I just started my second job in my field. I have a Masters in Urban and Regional Planning. I previously worked at a non-profit and enjoyed it for the most part. I left that role to move closer to my girlfriend, who still lives an hour and a half away from me (though she used to live a 4 hour flight from me). + +I currently work for a city doing policy planning, and there are definitely some positives. It’s a nice office downtown and there are some people I really connect with. I walk to work. At the same time, there are lots of days where I feel like I don’t have a ton to do and it’s really hard to book meetings with my supervisor, get feedback, and get more things added to my plate. Anyway I’m realizing that this is kind of the norm in offices. The work I do is important but I won’t see it realized for years. The only route for me to aspire to is management, and I really have no interest in that. The other thing is all of my coworkers have recently bought houses, have had kids, and that’s all they want to talk about. Some of them see the office as a place to show up, and then leave from as soon as the clock hits 4:30. I think it’s important to be surrounded by people that are different than you but I have no desire to have kids, buy a house, or kid married, and I don’t think I will in the future. My girlfriend is in the same boat. I find that aspect of the culture annoying. For example, a colleague corrected me in a condescending way when I referred to her husband as her partner yesterday. I was under the impression that was the most polite way to refer to someone when you aren’t sure. Anyway. + +In my previous role, I worked with lots of people who were super enthusiastic and the days would go by quickly. We would eat lunch together. I shared an office with one other person so I didn’t feel like people were watching over me. Now I can overhear everyone at all times and vice versa. I’m realizing that this is much more the norm than my previous role, and this is what I’ll be looking forward to for the next 40 years. + +I’ve always been a lot more interested in graphic design, art, and that sort of thing. I paint on the side, do music, and take photos. I’m considering becoming a landscape architect, architect, or graphic designer. There are a few options and so I wanted to get your feedback. + +My current financial situation is 70k saved in liquid assets. No debts or monthly payments. Renting in a medium cost of living area. + +**Option 1 - Save away for Traditional FI/RE** + +Plug away in this sort of career for the next while, try to save as much as I can and hopefully retire early. I might be able to transition more to an urban design role if I do a certificate part time. Maybe start a business as a consultant when I get more experience on my belt and set my own hours. I could try to find work that is part-time or aligns more with my lifestyle though it’s seeming unlikely. + +**Option 2 - Career Change - No FI/RE** + +Stick it out for a year, save more money, earn my professional designation, and then go back to school for landscape architecture or architecture. I work with a few people who do this sort of thing, and their work seems more interesting. I’m worried that some of the same problems would rear their heads with this though (too much of a corporate culture, sitting at a desk all day, etc.) I also would achieve FI/RE at a much later time. Going back to school would eat up my savings and earning potential. + +**Option 3 - BaristaFIRE** + +Try to work as a freelance graphic designer. Study on my own time, build up a better portfolio, find clients. Stick with my role until I learn the ropes. Set my own hours and that sort of thing. Maybe pick up some longer-term positions if I feel the need to. I’ve known graphic designers and have been to some of their offices over the years and it seems like the office culture for that kind of work aligns much more with me. I used to do fiddle around with InDesign in my own role fairly often and this is when I was happiest. + +**Option 4 - alternative BaristaFIRE** + +Try to find work outside. Look at working in a National Park. I did that one summer and loved it. My degree is relevant to some of the positions there. The only problem is that most great parks are super far from my family, and I’ve already been far from them for most of my 20s and feel guilty. I probably won’t achieve FI for a super long time but I would enjoy my life more. I would pick up temporary or part-time gigs here and there. + +Any thoughts? I know this is all cliche, but I feel like now is the time to try to this stuff. I’ve been in school or working my entire life, and I’ve managed to save up a lot. I don’t have kids or other commitments, and I don’t plan to, so I don’t feel it necessary to put on the golden handcuffs. + +**TL;DR** having a quarter life (one third life?) crisis and I want to go the baristaFIRE route or at least switch it up +So for the past year, I've been renting a room in a rather nice house. Definitely the nicest place I've ever lived. But I'm paying $840 + utilities for an incredibly small space. Between rent, high prices in literally every other category, plus debt payments, I'm drowning. I have a decent job making about $40k, just picked up a second job that I will start tomorrow, but it's still not enough. + +Me and a friend were looking into getting a place together and it can totally fit my budget, but I have no safety net under me and I need a few months of aggressive saving. I've been mentally prepared to convert my truck into something livable for a while now. + +I asked my landlord what he thought about my lease terminating June 1 instead of July 1. He's selling the house soon, so I was hoping this wouldn't be an issue. He said sure, but then I clarified that I can only do this if I'm not held liable for my last month of rent. I never heard back until this morning. + +He has a closing date for the house, and has asked if I'm able to be out by May 15. So I'm aiming to not pay rent here ever again and be out by the 1st. + +When this post is done, I'm going out to the garage and removing the back seats of my Ford so I can begin work on a sleeper back there. I've had plans drawn up to build a camper in the bed for a hot minute, and that will be the next step after I can buy materials after getting a check that doesn't need to go towards rent. + +So yeah, the plan is to sell just about everything and live out of my truck for a few months, enjoy the Alaskan summer, and come out the other end with some modest savings. + +People from all over the world come up here every summer to live rough for weeks at a time. Why can't I do the same as a local? + +Wish me luck. +Preface: sorry for the blast of twatter links. Direct to the source. I promise nothing fishy. Just the gospel of DFV. (I say in jest, he's just a cool dude. Not a diety, our leader, or a cat) A Saturday night fun theory romp with TheFlyingDJ. + +So I've been thumbing thru Roaring Kitty's twatter page. Seeing if hindsight brings any enlightening and entertaining revelations. Then I realized it. He DID figure it out AND HE TOLD US! Follow me, crack your beers, tilt them wines, light your bowls and apply tinfoil.... let's have some fun. + +First he's telling us that "we don't seem to understand, he's not LOCKED IN HERE (DRS👀) with us... but we should be.... + +https://twitter.com/TheRoaringKitty/status/1399802936402669569?s=19 + +Of course, along the way there's intervals of fun entertaining ones throughout. Sometimes a meme is just a meme. I'm not reading deep into EVERY tweet. + +But then... + +https://twitter.com/TheRoaringKitty/status/1400112472414199809?s=19 + +🎶Hello again, friend of a friend, I knew you well🎶🎶our common goal, was waiting for, the world to end🎶🎶Now that the truth, is just a rule, that you can bend🎶🎶you crack the whip, shape shift and trick, the past again 🎶🎶🎶 then it just as it displays our beloved Sigil, she sings "Send you my... *flash GME logo* .... but sometimes a meme is just a meme. 🤷‍♂️ + +Next we have; + +https://twitter.com/TheRoaringKitty/status/1400124740291923968?s=19 + +From Ready Player One. If you haven't seen it (it's amazing and you should for one, and SPOILER for two) in this scene the main character, Parzival, finally figures out that in the final major race. You actually have to go BACKWARDS to get to the correct track to win... but doesn't say anything because he can't give it away.🤔🤔 + +Then while DFV is waiting for us Apes to figure it out and quit throwing bananas at each other, and... other places... + +https://twitter.com/TheRoaringKitty/status/1400452208273944577?s=19 + +...Just waiting... + +But then. He figures out how to ALMOST DIRECTLY TELL US... + +https://twitter.com/TheRoaringKitty/status/1400474857733705728?s=19 + +Cone, Poo, Chair....🤦‍♂️🤦‍♂️🤦‍♂️ seems almost too obvious now. Here we thought it may have just been due to an affection for the Chairman Himself... + +https://twitter.com/TheRoaringKitty/status/1400844797229912065?s=19 + +But instead, we're supposed to "Stroke the furry wall"... + +https://twitter.com/TheRoaringKitty/status/1400522985375780872?s=19 + +... a slight color change and that wall looks REAL familiar to certain purple circle we've all finally got around to stroking. + +This isn't financial advice, it requires YOU to call it. Nobody else can call it for you, it wouldn't be fair. + +https://twitter.com/TheRoaringKitty/status/1402641643694477317?s=19 + +I truly do realize that this is all hindsight stitching to make a wild theory seem plausible. But it was fun for a Saturday night to think about at least. If nothing else u/deepfuckingvalue is certainly a meme god. That's for sure! + +And remember Apes, nobody needs to tell you what to do. Because you already know what you need to do... + +https://twitter.com/TheRoaringKitty/status/1402339649662730240?s=19 + +Make sure you Buckle Up! + +https://twitter.com/TheRoaringKitty/status/1402596345827844102?s=19 + +The final battle is yet to come + +https://twitter.com/TheRoaringKitty/status/1402709583454511104?s=19 + +And Cheers everyone! 🍻🍻 + +https://twitter.com/TheRoaringKitty/status/1402762438420873221?s=19 + +Edit: I stated clearly that I realize this is a tinfoil theory. Just having fun, you can mould any history to fit a narrative if you try hard enough, I know this. +I had no idea how many of y'all would indulge in it with me. Thank you all for the awards! Makes for a fun Sunday reading the comments! Loving the Bohemian Rhapsody line! + +Edit 2: Thanks to u/strife7k for the inspiration in doing this little stitch together. Deleted their original post, but commented here with a solid point too! + +https://www.reddit.com/r/Superstonk/comments/q0ccdd/dfv_figured_it_out_and_didnt_couldnt_tell_us_but/hf7p4xw?utm_medium=android_app&utm_source=share&context=3 +We've all been hearing (for quite some time now) about Apple's large amount of cash-on-hand. I've seen tons of articles talking about all the things/entities that they could buy in cash if they wanted to. Its almost as if Apple is bragging about how much cash they have. + +Maybe I'm missing something, but isn't this a bad thing...? Isn't there a reason why we use discount rates when valuing future cash flows (because there is a time value of money)? I don't understand why it would be good for Apple to have tons of cash-on-hand rather than investing it. Someone please explain this to me... + +**TL;DR Why would it be good for Apple to have tons of cash-on-hand?** +I recently got an interview at J.P. Morgan for a Financial analyst development program and was wondering if anyone had any advice on what they might ask and what I should know for the interview. Thanks! +I recently graduated college, and to celebrate i took myself on a vacation for about 2 months since its something ive wanted to do for a while now (had saved up during internships/working over the school yr). While i was gone on vacation i heard back from a job that i interviewed for, and will be starting work when i return. However since ive left i have been struggling to enjoy myself. Im still doing the things i have planned but the entire time ive had a nagging thought in the back of my mind constantly saying "youre wasting time, you could be getting ready for that job, or learning a new skill or... etc." The reason im posting here is because im afraid that the FIRE mentality has been making it impossible for me to relax, or take some time off, or just have downtime in general. Does anyone else have this problem? +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) +I'm trying to get some bitcoins from internationally to sell locally, but paperwork is keeping this from happening. So if any of you can get around this, there is money to be made. +The exchange is https://bitx.co/market#/XBTZAR +>Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. + +Is this really necessary? Is this good for bitcoin? + +There are many interesting and spirited discussions of bitcoin that are censored here because they fall under this definition. This might not be obvious to many readers. + +>Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. + +IMO /r/bitcoin does not operate in the same spirit, and that the censorship exercised here is detrimental for bitcoin in general. +"I do hope to bring [\#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hashtag_click) into our National conversation…” + + + +https://reddit.com/link/ju1718/video/ew95di0v77z51/player +Long story short, my father passed away in Greece back in October, without a will. He has a massive amount of debt owed to the Greek banks, a plot of land in Crete, and a flat in Athens. Both properties are underwater. From what i've been told by my uncle, i have to go to the Greek embassy in NYC to allow power of attorney to someone over there to formally renounce my claim to my "inheritance". + +Do i really have to go through all that? I haven't spoken to my father in the 9 years that preceded his death. Can the Greek government/ banks really come after me for his debts if i do nothing? + +I'm not sure how American policy handles such things. + +Thanks in advance. +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! + +Come and bet for or against this prediction! + +You are essentially opening a derivative. + +https://dev.augur.net/#/market?description=Will%20ETH%20trade%20above%20%24500%20USD%20at%20any%20given%20time%20before%20Jun30%202018%20end%20of%20day.&id=0xc3704f90a5400687af9fcf9bfc7c721e8ac3f52e + +For a good write up on understanding prediction markets, read this article https://medium.com/@ConsenSys/why-how-decentralized-prediction-markets-will-change-just-about-everything-15ff02c98f7c + +Edit: Just to clarify this is a AUGUR testing market using Rinkeby network.. AUGUR actually goes live July 9th !! +The way it’s been until very recently is if BTC tanks, the whole market tanks. + +We’ve bucked that trend for a little while now, but if BTC falls then that could well mean people getting scared about crypto in general - ‘if you can’t trust bitcoin what can you trust’? You know the media is going to have a field day. + +What can you see playing out? +The way it’s been until very recently is if BTC tanks, the whole market tanks. + +We’ve bucked that trend for a little while now, but if BTC falls then that could well mean people getting scared about crypto in general - ‘if you can’t trust bitcoin what can you trust’? You know the media is going to have a field day. + +What can you see playing out? +Blockchain.info's deployed wallet app does not match the code posted on Github. This implies that the code was forked and is no longer Open Source and probably in violation of GPL. + +**Version in Github (3.61) not the same as deployed app (3.63)** +https://github.com/blockchain/My-Wallet-Android/issues/39 + +Please prove me wrong +This is one of the best wallets around, but this discrepancy cannot be taken lightly -- we have no way to verify what this software is doing without the source code. + +I submitted several bugs on Github and they have been ignored: + +* November 25: [web wallet discrepancy](http://webcache.googleusercontent.com/search?q=cache:zyFxC0E8zNAJ:https://github.com/blockchain/App-Resources/pull/2#issuecomment-29192641) (after I submitted a formal bug, the "App-Resources" repository vanished, so this is a link to cached version). +* December 10: [chrome extension wallet](https://github.com/blockchain/My-Wallet-Chrome-Extension/issues/3). +* December 14: [android wallet](https://github.com/blockchain/My-Wallet-Android/issues/39). + +**UPDATE:** Latest source code for the web wallet, chrome extension and android wallet now available on Github. Thanks for the quick response! +Could hardly read it as I was crying so much through laughing + +Actual quote: + Nikola described this third-party video on the Company’s social media as “In Motion.” It was never described as “under its own propulsion” or “powertrain driven.” 🤣🤣🤣 + +https://nikolamotor.com/press_releases/nikola-sets-the-record-straight-on-false-and-misleading-short-seller-report-96 + +Going all in on NKLA puts +**Here are the numbers from Apple versus analyst expectations:** + +Q1 EPS: $3.28 versus expectations of $3.23 + +Q1 revenue: $75.9 versus expectations of $76.6 billion + +Gross margin: 40.1% versus expectations of 39.9% + +iPhone unit sales: 74.8 versus expectations of 75 million + +iPhone ASP: $690 versus expectations of $674 + +iPad unit sales: 16.12 million versus expectations of 17.3 million + +Mac unit sales: 5.31 versus expectations of 5.8 million + +Q2 revenue guidance: $50-$53 billion versus expectations of $55.7 billion + +CNBC just issued an article not too long ago saying that New York State now has over 15,000 confirmed COVID-19 cases, more than France and South Korea. This is getting worse by the minute, and the total was confirmed by Governor Cuomo. +Apes I’ve worked so hard pushing my food budget to bare minimal and working more putting like 80% of my pay check away and buying GME up down sideways any price any opportunity tomorrow at market open after my pay check this ape who’s been here PRE-January will finally be an XXX ape 😭😭😭 genuinely so happy and still holding strong + +Apes remember there’s apes like me who made sacrifices and continues to buy and hold regardless + +Apes strong together + +Once market opens tomorrow I shall be so happy. We don’t set dates but tomorrow is a date for me to remember and be happy just want to say this community is amazing (it’s 2:19am London time) + +Edit 1 : your comments already was so lovely and quick in response I ended up tearing up and one comment broke the camels back I cried you apes and apettes are amazing your worldwide but I feel like your in my room with I’ve NEVER felt so connected to a community like this before + +Edit 2 : I had the worse double shift today at work (I’m a waitor in a fast pace busy restaurant . I had a shift that was so busy I just wanted to quit but I kept thinking about holding and this milestone and your response just made me realise why I kept this well-ish paid hospitality job. HOURS——> PAY ———> BANK ——-> GME ———> (ohhh nothing next just hold) work more and repeat. Honestly your responses just made a crazy 13 hour shift which ruined my day be saved by your ape I will never shut up how much you apes strengthen each other when I need you most emotionally today you was there to congratulate me. If I could hug you now I would. + +Edit 3: Apes after a brief moment where I cried I had a flashforward to my celebration of leaving my job (I plan to see my one best friend who is what I call my brother one my last day of work post MOASS) also I’d love to meet any ape in London post MOASS for a banana or crayon milkshake. + +Edit 4. All your support is amazing I know I may be repeating myself but it has to be said. I don’t know I’m just emotional and you apes made me feel supported more support than I have been give in 22 years. I can’t wait to see THE NEW WORLD US APES CAN HELP IMPROVE. + +Edit 5. All your comments made me support happy but it’s 4:44am ape needs a nap goodnight + +Edit 6. Apes I definitely am grateful to wake up to this overwhelming response I will look after my health don’t worry and I shall keep buying and holding. I’m so excited 1hr 45 till open + +EDIT 7 (last EDIT). IVE JOINED THE XXX IM SO HAPPY +I LOVE YOU APES AND APETTES +APES STRONG I SHALL HOLD THE LINE +CANT STOP +WONT STOP +GAMESTOP +💎🙌🏽 +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! +&#x200B; + +https://preview.redd.it/xxuir9dsuz471.png?width=1200&format=png&auto=webp&s=ab912f5c3ce816dd67e3260a9519277711c48ced + +Dear apes, I'm sickened to see all these MSM lies, to not be able to tell my friends without playing crazy, to know that the big financial players are continuing their schemes to try to divide us. + +During all these months we have been waiting for a catalyst and I still believe RC has a plan. Nonetheless, I believe the only force we owe is there in Superstonk. It is time to expose this massive fraud, we need relays, our story deserves to be written. + +I think the mods should have an AMA with representatives from the ICIJ. For information, the ICIJ is the international consortium of investigative journalists. **They revealed the panama papers, Luxleak, Swissleaks, the paradise papers.** + +I think that we should not only contact them but also organize an AMA with them for the time of a conference to discuss the very good results of the research of our investigators: the apes. + +It is time for all of this to explode, let us count only on ourselves to lead the assault. Apes together strong! + +Please dear mods, consider this opportunity u/atobitt u/pinkcatsonacid u/rensole + +The link to ICIJ is here : [https://www.icij.org/](https://www.icij.org/) + +PS: Forgive the mistakes, I am only a French ape in your beautiful forest. +So my BF's family are hoping to buy their family home that they have been renting for years from their landlord. It will be most likely around 130k + +His mother, sister and him will be paying the mortgage. His mother has been rejected already as she was in debt. But she's doing a great job clearing it her debt and might have it done end of this year. I've offered to chip in, but I feel this will become a complicated affair if 4 people are involved. Particularly if we're not married. I feel i might get shafted as I'm not officially part of the family legally. The house will be in his mother's and my BF's name. + +We're committed long term as a couple. And I know we'll probably end up living in his family home for 3-6 years (it's just me and him renting and living in it at the moment). But we also want to buy a bigger place to raise a family and in a less rougher area. So in a way it makes sense, I think, to buy this house first. Then we can rent it out or sell for a bigger space? But we might end up using our first time buyers bonus on it? + +It's not my dream house. And it will also need a lot of home improvements here and there. So I feel I'm heavily compromising on a whim. I never had a dream wedding, but I've always dreamed of having a beautiful home that was actually mine or with my partner. A lot of stuff, decorations and furniture in the house is of his family and he doesn't like it when I suggest redecorating or changing things. So I feel I'm just in someone elses home most of the time. Even though he says it's our place, I feel I'm only allowed to add input on certain spaces. Like the office that I mainly work in. It makes me feel like I should just wait and save my money and energy for my own or our own house. + +Tldr; +I don't know if it's a good idea to use my savings to help my boyfriends family buy their family home. It will all be in their names. Should I get legal help to protect myself if this happens. Should I just rent and save for myself or our own plave in the future? I trust him but life is not certain, and his mother and sister are not great with money. + +******Update***** + +Thanks for all the great advice! I didn't expect so many people to respond. So thank you and I apologise that I can't respond to everyone. + +I've had a conversation with my boyfriend and when he thought about it he realised it was a really bad decision, especially for us. We would loose our first time buyer status. Plus he revealed how unreliable his family is with money, which is why he wanted to help in the first place. But it's likely that they might leave him stranded financially. So he's going to tell his family that his mother will have to apply for the mortgage in her name only. He just got caught up in trying to help and supporting his family, but he's realising that he doesn't need to sacrifice his own finances/future in order to do that. + +And we both agreed I shouldn't have to be involved in his family finances, they should sort it out themselves so that we can focus on our own futures. Thanks everyone! +I’ve used an anonymous account due to the personal nature of this post. + +March last year me and my girlfriend of 5 years bought a house. The value was 240,000. We put 18k each into a deposit (50/50) - 36k total deposit, 204,000 loan, 25 year period. + +We currently pay 820 a month on the mortgage, and split this bang in half again, 410 a month each. I pay for all the other bills (council tax, energy, water, food shopping, everything), easily totalling another 4-500 a month. + +My girlfriend last week has sprung on me that our relationship is failing, and she wants out. I won’t go into the details, but I’m left with few options. We’re only 10 months into the mortgage and early exit fees total £4,000, let alone the money lost in stamp duty, solicitor fees etc etc + +I’ve spoken with my parents, and combined with my savings and their helping hand I can afford to buy her out. 18k deposit plus I assume her monthly contributions so far, even though I’ve been contributing over double, i’m sure this won’t be taken into account. + +I currently take home just over £35,000 a year, how likely am I to be able to retain the mortgage with just my name? +How hard is the process? What needs to happen? We’re being amicable about it, no one is arguing and we don’t want to screw each other over. I just want this to be done as easily, cost effective, and smoothly as possible. + +My life’s been thrown upside down in this past week and I just want to walk away from this with at least a property I’m still paying off rather than going into renting again. + +Appreciate everyone’s time and help! Thank you. + +Edit: Spelling +Mastodon is the hot topic in social media the last few weeks. It's a decentralized version of Twitter that is part of the fediverse. There has been an exodus the last few weeks with hundreds of thousands of users moving from Twitter to mastodon. + +Given our presence on Twitter, we could have a greater impact on this web3 social media venture that aligns with the motives of the nft marketplace, ownership of your own media in the digital World. + +Anyone can set up a server that can be run similarly to a subreddit here. + +Should superstonk establish itself on this new decentralized web as a way of spreading our message further? +I recently moved and changed jobs, I made less money this year than I have since I was like 16, in high school. I'm 29 now. I signed up and got approved for medicaid last year when my job ended and I had no income and was experiencing health problems. I finally got approved. + +In my last job, I had health insurance that I paid ~150 a month for. I was paying that money, every single month, but I still couldn't even afford to go to the doctor. I went for my "women's well visit" once, which was free once every three years. I've been having issues with my knee, after having torn my other acl years ago, and I went to get that looked at. They did and xray and told me nothing was wrong, despite me saying that I've been experiencing pain for upwards of 5 years. That was a $600 bill. For an xray and to be shunned. + +Anyway now I'm finally poor enough that I can't barely pay my bills *and* eat. But I fell a few weeks back and my knee POPPED super loud and felt like a bag of jelly. I went to the walk in, got ordered for an xray, and just went for an MRI, which will hopefully lead to surgery (if I get reapproved this year), all for basically free. + +Why the fuck did I have to get to a point where Im making 16k a year in order to have this? Why couldn't the nearly 2000 I was paying for insurance cover any of this sort of thing? Why can't someone making 35k, which literally barely covers rent, bills, and food in my HCOL state, have this???!?! + +I just don't get it. I am so grateful that I am poor enough now to hopefully have my surgery, but I fucking hurt for myself in the past just being rejected and unable to pay, and for other who just don't even have the option of even THINKING about going to the doctor for any reason. It is so fucked up. +Reflecting back at the 2008 market crash, what steps would you have taken during that period had you been of working class, earning a decent wage etc. and knowing what you know now (your level of investing knowledge) taking into account your personality. +My wife and I went to look at a car this weekend and thought we'd get decent financing, as I've worked really hard to bring my credit score up after some negative credit issues from back in 2008. Equifax, Transunion, and Experian websites all say that my credit is 695-700 (slight differences between them) but the dealer came back and said, I was at 580-600 because they "use a different calculation" for vehicle financing. + +Is there truth to this or am I getting fleeced? +I am a first generation immigrant who came to the USA 14 years ago with $3000 in my pocket and lots of hopes and dreams. My employer had transferred me to the US office and the money I had in my pocket was a salary advance from my employer which was later recovered from the next 6 months of my paycheck. My annual pay was $50K. + +Prior to this, I was working from my home country on my first job after college for 2 years with a yearly pay of around $5000 USD, and had probably around $1000 saved in my bank account. + +**Present Assets:** + +My present net worth as of July 2021 is 1.2M. I do quarterly reconciliation of my finances and I enjoy doing this very much. My net worth had crossed the major milestone of 1 Million dollars in October 2020. + +Here is how the assets are distributed ($1.2M): + +1. Stock Market (Stocks/ETFs): 50% +2. Retirement: 22% +3. Liquid (HYSA): 11% +4. CDs: 10% +5. Crypto: 5% +6. REIT: 2% + +No debts or liabilities. Paid cash for our SUV. My wife and I currently rent and are planning to buy a home in the next few months and also start a family. + +**My FIRE Goal:** + +My goal is to work and accumulate for another 10 years and retire (or semi retire) with a nest egg of $5-6 Million. + +**History of savings:** + +My frugal lifestyle helped save a good portion of my paycheck as I was mostly sharing an apartment with roommates. Saving has always been a part of my lifestyle which my mother had inspired me to do ever since I was a kid. Her financial literacy was limited to the point where she thought saving a part of every paycheck into a bank account was good enough, which is what I did for the first several years. Initial savings were accumulated into some of those mainstream bank accounts that yielded 0.02% APY which later graduated into high yield savings accounts that yielded around 1-1.5% once my net worth hit $30,000. In addition, some part of the savings were also transferred overseas to my home country as CDs that yielded 8-9% interest. + +In 2012, I took a new job that paid $90,000 annually. At that point, I had a net worth of approximately $100,000 with the majority of it sitting in HYSA and some overseas CDs. With my limited financial knowledge, I thought I was doing great as I hit 6 figure net worth in 6 years, until I realized my mistakes later. + +Let alone the “not investing” part, I didn't even have a 401k account with my employer (or previous employer) who did a full match upto 3% of my annual contributions. I wasn’t financially literate or savvy enough to understand that I am leaving money on the table by (a) missing employer match, (b) missing tax free advantage, and (c) missing compounding growth with investing in the market. + +**Turnaround to Investing** + +It was in 2014 when I was doing the previous year’s taxes online that I realized I could get a bigger refund if I put some money into the IRA, as my refund was pretty low that year. Upon researching online articles, opened an online brokerage IRA account and funded it, which is when the thought hit me on how this can be invested for the long term. This was the turning point of my life -- I started researching online articles, blogs, watching youtube videos, hooked up with yahoo finance etc. and slowly moving step-by-step into the world of investing. + +With daily reading and researching investment articles, my financial literacy gradually started to improve. I started contributing to 401k, ROTH, and HSA accounts every year since then. In the next few years, over 50% of my net worth was invested into the stock market with equities and ETFs, instead of merely sitting in the bank account. I also have a small % of my portfolio in crypto, and REITs as well for diversification purposes. + +Over these years, I am starting to see the power of “the eighth wonder of the world” and how this can move tiny droplets of water into a big ocean over a period of time. Last year, only 35% of my net worth gains came from employer paycheck, whereas the rest of the gains came from the compounding effects of investments such as capital appreciation of equities, dividend reinvestments, etc. + +**Lessons for new aspirants:** + +* Live below your means +* Always save a portion of your paycheck +* Saving is not enough, you need to invest to compound your assets +* Create and follow a budget + +&#x200B; + +\*\*\*EDIT: Net worth History (from 2012 to present) linked below. + +[https://imgur.com/a/gYDwXFu](https://imgur.com/a/gYDwXFu) +[https://www.bloomberg.com/news/articles/2021-04-09/eerie-equity-calm-puts-wall-street-on-high-alert-for-next-spark](https://www.bloomberg.com/news/articles/2021-04-09/eerie-equity-calm-puts-wall-street-on-high-alert-for-next-spark) + +I dunno what to think. Time to double down? + +&#x200B; + +According to this article, + +trading volume was very low as indexes marched to ATH. +Is this because big money have all rebalanced their portfolios? + +More money has entered the stock market in the last 6 months than the previous 12 years combined. +More people are joining the stock market casino. + +VIX is relatively low. + +It's like there's a lot of FOMO that is ripe for a rug pull in the near future. + +Short interest in the bond market is at highest level since 2017. + +and stocks like Home Depot keep marching higher nonstop despite tempered forecast by the CEO. I can't tell how much of it is a slow short squeeze. Short volume ratio is not low... + +[https://fintel.io/ss/us/hd](https://fintel.io/ss/us/hd) + +[https://fintel.io/ss/us/pltr](https://fintel.io/ss/us/pltr) + +[https://fintel.io/ss/us/gme](https://fintel.io/ss/us/gme) + +&#x200B; + +oh man. A new round of Musical Chairs, or russian roulette.... + +but scared money makes no money eh? +I might be preemptively putting my tin foil hat on and please tell me if you think this is the case. But EOS has released next to no news since the ICO began. Now low and behold they wait until Devcon3 to finally give the market an update. We're now seeing huge buying giving EOS the 'ethereum killer' the spotlight all while Devcon3 quietly goes on in the background. Just seems every time we get some strong fundamental news in relation to ETH that should be giving the price a boost we get large sell volumes. Is there anyway using blockchain forensics to prove that EOS are consistently dumping their funds at certain times and dates and even using those profits to buy EOS, boosting price too? +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! + +Based off the hype around the ETF I have decided to post some of my analysis and comments here. Enjoy the walls of text + + + +My comment: I will be very very suprised if we get approval. These statements from the most recent amendments to the prospectus alone lead me to believe that it will not be approved and if it is, that no real market makers (people that could influence the price of btc) will actually buy in. These few quotes are pulled directly from the SEC filing. Not to sound like a prick, but as far as I can tell 99% of crypto traders have no fucking idea as to how the real market works. The follow quotes from the prospectus are literally just the tip of the iceberg of reasons for people NOT to invest in the ETF IF it gets approved. + +Here's the source link as well in case anyone wants to read through the 127 page filing a few times like I did. Link: https://www.sec.gov/Archives/edgar/data/1579346/000119312517034708/d296375ds1a.htm + +"Although currently bitcoin is not regulated or is lightly regulated in most countries, including the United States, one or more countries such as China, Icelandic, Vietnamese and Russia may take regulatory actions in the future that severely restricts the right to acquire, own, hold, sell or use bitcoin or to exchange bitcoin for fiat currency. Such an action may also result in the restriction of ownership, holding or trading in the Shares. Such a restriction could result in the termination and liquidation of the Trust at a time that is disadvantageous to Shareholders, or may adversely affect an investment in the Shares." + +"If regulatory changes or interpretations require the regulation of bitcoin under the CEA by the CFTC and/or under the Securities Act and Investment Company Act by the SEC, the Trust and the Sponsor may be required to register and comply with such regulations. To the extent that the Sponsor decides to continue the Trust, the required registrations and regulatory compliance steps may result in extraordinary, non-recurring expenses to the Trust. The Sponsor may also decide to terminate the Trust. Any termination of the Trust in response to the changed regulatory circumstances may be at a time that is disadvantageous to investors." + +"Potential conflicts of interest may arise among the Sponsor or its affiliates and the Trust. The Sponsor and its affiliates have no fiduciary duties to the Trust and its Shareholders, which may permit them to favor their own interests to the detriment of the Trust and its Shareholders." + +"The Sponsor has no fiduciary duties to, and is allowed to take into account the interests of parties other than, the Trust and its Shareholders in resolving conflicts of interest;" + +The Sponsor’s relationship with the Gemini Exchange creates an incentive for the Sponsor to sell the bitcoin it collects as its Sponsor’s Fee for U.S. dollars on the Gemini Exchange, which benefits the Sponsor’s affiliates through increased volume on the Gemini Exchange and which may negatively impact the value of the Trust’s remaining bitcoin;" + +I have plenty more points brought up in this filing that point towards rejection of the ETF or at least very minimal investment upon approval. All the people banking on a huge increase in the btc price upon approval have no idea how the actual market works. Having studied and worked (currently working) in market/financial analyst and analyst related postions for years I can tell you with a great degree of certainty that this ETF is not going to have a happy ending for anyone that invests in it. And FYI, anyone who thinks they can redeem their BTC for ETF shares and visversa, take a look at this quote relating to parties that are allowed to transfer btc to ETF shares and also shares into bitcoin (once again this is straight from the prospectus) "An Authorized Participant is authorized to serve as such under the Trust Agreement and pursuant to the terms and provisions of an Authorized Participant Agreement which it must enter into with the Sponsor, subject to acceptance by the Transfer Agent. Each Authorized Participant must be (i) a registered broker-dealer or other securities market participant such as a bank or other financial institution which is not required to register as a broker-dealer to engage in securities transactions and (ii) a participant in the DTC in order to enter into an Authorized Participant Agreement with the Sponsor on behalf of the Trust, subject to the acceptance by the Transfer Agent. + +In my opinion this ETF is a complete fucking joke based off of the filings. I'm not saying there won't be a rally in anticipation of the ETF nor am I saying there won't be a post approval rally (if it gets accepted), but in the end this ETF structure and make up will almost certainly be rejected, or if approved, will end in a very massive "sell after the hype" event. +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! + +Who pledges to hold their ETH if they are recovered? These were my cold storage coins anyways. I would have never sent trading assets to the DAO. Are you with me ? +As much as you love the technology behind cryptocurrencies and various projects, 99% of people are here for money. + +And as much as they are supporters of cryptocurrencies, 99% of people do it to have more money in fiat currencies so they can achieve their goals. + +When trading with cryptocurrencies, we compare their value with the euro, dollar, pound, etc. Currently we are comparing the value of everything to our current fiat price. + +An international financial system such as crypto takes time to adapt and I can only imagine what awaits us in the future, but I belive that even then we will still compare value with traditional currencies. + +The main goal of crypto is decentralization. We all want it, yet when we take profit we take it from centralized place. Stablecoins are backed by traditional currencies, which are again centralized. +What are this groups' thoughts on how Bay Area real estate will progress through this year and next year? Are you bullish or bearish? + +What signals are you getting from the market? + +(I'm considering buying a property in the near future) +I just want to share my personal opinion. + +We all know the common arguments against owning Chinese stocks, which are questionable VIE structure, questionable accounting, questionable auditing and also being dependent on policies of the CCP like the recent interventions against the education sector and gaming sector. That doesn't stop many from investing in Chinese stocks, saying it will be all right and that some of their stocks appear to be very undervalued (to which I agree). + +However another risk which becomes obvious now is Chinas aggression against it's neighbors, in particular Taiwan. China isn't making a secret out of it, that they plan to invade Taiwan at some point in the future and they do not accept Taiwan as an independent nation as it currently is. + +We can only hope that it never happens, but if it happens (And at least for me I think it's somewhat likely in the long-term), you can be sure that China will receive the same sanctions as Russia right now and China will also fight back with similar methods. In such a case the Chinese stock market and the yuan will be likely crashing like in Russia right now. But even more importantly, you can be almost sure, that you will not be able to sell your BABA ADRs no matter how good the fundamentals are. It appears to be likely that China would ban foreign access to Chinese capital markets and the VIA structures would suddenly become illegal. Chinese stocks will have for any non Chinese citizen a value of $0. + +Considering such a situation, it appears to be not smart to own large amounts of Chinese stocks. And anyone who still decides to own them should take the risk of such a scenario into account. +First about my FIREd co-worker. You can tell a 1000 lb weight has lifted off his shoulders. He laughs a lot more. He knows he only has a few more days at the company and you can tell he has that slight "give a shit" edge to him. Not that he'd let his work suffer. He has too much integrity for that. We all went to lunch yesterday--he usually never comes--but he came! I teased him that he was the new "Retirement Firstname". "Retirement Firstname" goes to lunch. "Retirement Firstname" doesn't have to go that stupid meeting. He just laughs. + +I asked him when he knew he was going to quit and he said it was after his last review. :( It's a bit of a shame. He does good design work, but doesn't play the corporate BS game. But I guess he got the last laugh. + +I asked what he was going to do that first Monday when normally he'd go into work. He said "I don't know. Sleep in. Probably go for a run. I'm excited I get to go in the morning instead of doing it later in the day when it's hot. Maybe then I'll go the beach. Take a two hour lunch." God, he just seems so relaxed. And happy. + +In addition early retirement has been THE big topic around our department. One co-worker said "I'm also 38. I don't like that you're using the word retirement." I was quick to chime in: "Retirement doesn't mean old, it just means you've been smart with your money. There are plenty of old people who can't retire!" + +There's one young (20s) female co-worker who says "I clearly have to re-evaluate my life. Then I could retire in 10 years!" I said "Yes, for real, you really could!" She and her husband are actually pretty smart with their money already. They don't have kids yet and don't know if they want them, and her own parents FIREd when she was in middle school when her dad sold his successful business. In the past I worked the 4% SWR into conversation and I directed her to GCC once (she really wants to travel to Cuba). I think she finally gets it. YES. + +Then there are others who totally don't get it at all. Another co-worker was just completely clueless about the whole thing. She told her husband that her same-aged co-worker FIREd and he said "Honey, our cars are paid off, and I can cover our bills, you can retire too!" She said "I can't do that, what if something happened to my husband?" + +Me: "That's what life insurance is for. It sounds like you could quit if you wanted, but you should probably have life insurance regardless." + +Her: "No, just no. It wouldn't work. I'd need something that provided income. Like [co-worker's] rentals." + +Me: "Well, that's one way to do it. I have rentals too. But if you had a lump sum invested--like an insurance payout--you'd be ok as long as the payout was enough. And term insurance is cheap for a young healthy guy like your husband. I'd never have to work again if something happened to my spouse because we have life insurance." + +Co-workers then tease me that my husband is one wrong move away from me offing him. *sigh* + +Seriously, it's like the dam broke on money conversations. Found out another co-worker (early 30s, single guy) has his house paid off. But he recently bought a car and has a car payment. Found out my boss (mid thirties guy, married with 2 kids) used to have a bunch of student rentals, but sold them all when he moved states. + +It's all been fascinating as hell. +Current role: +$130 plus super. 2 days a week in office ( 1 hour each way travel time) + +Offer: $170k plus super 5 days a week office (40 minutes each way) + +Role is similar but slightly higher position. What would you pick and why? + +Edit: thanks everyone for your comments, for a bit of context I’m a 30 year old female with a 1 year old. The 5 days in the office wouldn’t be an issue if I didn’t have a young child to consider (baby is in daycare when WFH but worried about long hours in daycare). + +Edit: industry is legal + +EDIT: A big thank you for everyone who took the time to read and comment. Lots of great advice and has given me a lot to think about. I think ultimately I will decline the offer and look for further opportunities that offer WFH. +As above, for those who were 40 plus and changed careers how did you go about it? What did you do before and what did you change to? + +What was your personal situation - eg married, kids? + +If you had to study, did you still work part-time and if so what did you do? + +Could do with some inspiration! + +Cheers + +Hi everyone, + +I'm currently in the process of applying for a mortgage, the application has been sent off, we have an offer accepted on a house and we're just waiting for all the paperwork to be sorted. + +However, alongside this an opportunity came up for a job that I'm currently in the process of interviewing for. This new job is in the same industry and would come with a payrise. + +My question is whether it's a good idea to take a new job, even a higher paying one, while I'm in the middle of this process? +GME TO THE MOON! But WTF is this?? + +Edit 4: u/trollwallstreet + + They aren't pumping and dumping. This is a way to increase their assets artificially on paper to avoid being Margin called. They now own millions or billions of coin that's worth $3000+ each. This increases their assets artificially allowing them to avoid being Margin called. Far worse then a pump and dump. + +[goes from 9 cents to this in 1 day???!! this is ILLEGAL and deserves prison time.](https://preview.redd.it/oqw5w8xgtqu61.png?width=1881&format=png&auto=webp&s=160d438a1a5519912eda7075ca0fb16e507e4000) + +MSM isn't covering this and I'm hoping to get the word out to my fellow apes! + +I think this correlates with GME because the hedgies are more then likely behind this + +&#x200B; + +Edit 1: My portfolio is %100 GME, I'm holding until 69,420,420.69 and until I see that price I wont consider selling my precious shares. I just think this is HUGE news an people need to know about it. and I hope it helps expose the corruption + +Edit 2: I guess this wasn't Illegal activity. I was just really shocked and wanted to get the word out to my fellow apes + +&#x200B; + +Edit 3: u/[cisned](https://www.reddit.com/user/cisned) "I looked at google trend, and it seems like there was a pick up in activity for cxc at citadel" +Anyone starting to have second thoughts on any of your long-term holds? + +I was a VET fanboy a few months ago, but now I'm wondering if real-world application will ever turn into real-world profits for my wallet. Long-term, I can see it going up with the market, albeit lagging, but I don't see any of the announced usage having any affect on price. Same with ACH. + +Sure, we'll make money down the road, but how much are we losing by limiting our ability to buy into more profitable assets? Is it worth it to you to stick with a project because you want to support the technology even if it means missing out on the moonshots, or even just higher profits with a safer investment? +So I have been interviewing for a company in my dream industry. After 6 weeks of 4 long grueling interviews, I was sent an offer letter. It was for 5k less than what I was asking for but I ended up accepting and signing the letter. + +After, I went to my current boss to put in my resignation. She came back the next morning and countered their offer by an additional 10k. (20k more than my current salary) + +Now I definitely have the dilemma of wanting to stay (considering it’s 20k more than my current pay) but I also know I won’t be happy working for them in the long run. She’s promising me the world right now but I can see right through it. + +My biggest dilemma now is; do I tell my new employer that my current job countered? Since this is a dream job scenario, it scares me to lose out if they revoke my offer. (But if they pull the rug, does that just mean I dodged a bullet from a shady company?) does it make me look like a more valued employee by letting them know upfront that I declined the counter to work for them? Or do I tell them that I’m considering the counter and have it open up the possibility of them matching the offer or is that even greedy to think that way? + +Or do I just decline the counter and move on with my life/career? + +Any advice is much appreciated! It’s a good dilemma to be in but stressful nonetheless! +(Apologies for the length. And sorry if this isn't the right forum for this, but I've read that the normal fire forum isn't really the best place for this - they seem to be the "drive a 15 year old corolla, eat rice 6 days a week" type of "retirees") + +Very late 30s. Spouse and I make good incomes (combined a shade over 300k/yr) in relatively stable industries - but not in "potential for fuck you money" industries. 1.5m in assets, exclusive of a house owned outright. No kids. + +So, we don't have nearly enough in assets to fatFIRE now. We could probably FIRE it if we were thrifty, but, then again, that just feels like a path to boredom. + +So, that just prompts a very philosophical (admittedly very idiosyncratic) question: what the fuck do we do with ourselves? + +**bust ass to fatFIRE?** . We've been too risk averse in investing, so we have missed a lot of appreciation over the past 3-4 years. We don't face any realistic possibility of a truly massive windfall/income increases. So that just seems like we're a point where, many more years of aggressive earning/promotion-striving/saving/investing, we're just gilding a FIRE lilly at best, not really able to attain fatFIRE... + +**continue chugging along, just doing our jobs and saving on our way to normal retirement?** our lives aren't that bad - our jobs are cushy enough where, yeah, we're on the clock 40-50 hrs a week but that's it. and, as I hinted at above, in some ways it's the most financially sensible way to spend a chunk of the week anyways (since we're not at fatFIRE 'do whatever you want and you can do anything to keep yourself constantly entertained' levels). but, this is dissatisfying in itself since we'd presumably be engaging in "lifestyle creep" kind of spending to some degree which ties us to our jobs (i.e., we don't really "have" to work, but would be forced to by circumstances) + +&#x200B; + +anyone else wrestling with this? we're basically at the point in our lives where we're comfortable, secure, but not comfortable enough and not secure enough. sure, we have material aspirations that we could try to attain, but, then again, there's no real need to attain those aspirations, either. + +*tl;dr: we could probably retire tomorrow and live a very middle-middle class lifestyle, but we're not able to retire tomorrow and live in the manner to which our current incomes would support. what do you do?* +“New product” +“Large contract” +“They tweeted something that was cool/PR” + +Penny stocks are a penny for a reason. If they don’t have a nice cash position, revenue growth, and reasonable liabilities, they’re likely a pump and dump. + +Don’t confuse a good investment with a good trade. You can make money from both to be sure, but a good trade has a very short lifespan. Buy the hype...sell the news when dealing with the pump and dumps. +I keep seeing it referred to all over the place, and I honestly can't tell if people are doing it as a joke (as when 4chan's technology board, /g/, were pushing it regularly) or if dogecoin actually offers something better than what Bitcoin does. People are putting money into mining these. What's the big deal? +I've been noticing the new FUD campaign is out with freshly made Reddit accounts attacking people that speak about GME and (Bee bee bee why). + +They're getting DESPERATE trying to stir up panic but we're not falling for the same tactics they've been using. Pay no attention to them, give them nothing to talk about, stay humble and keep doing what we've done best. They're flooding posts about how our tickers have "crashed" and are attacking people with "loss" comments. They want YOU to get angry at THEM for trolling you on these subreddits. Enjoy the weekend everyone, keep your mind zen, and your body healthy. + +DRS your shares. DRS everything from these crooks. DRS it until we start seeing people thrown in jail for securities fraud. +Could it be that AA is just full of shite, and pulling numbers out of his rear to appease the 🍿 apes? I don’t rule out the possibility that multiple securities have their float owned or close to owned by retail, but it seems sus to me that he’s the only one commenting on it. As a CEO you wouldn’t be privy to information from individual brokerages… so what gives? Is there another way to know how retail owns the float? +The second flair thread has now expired, so it's time to open up another call for flair. + +> If you are interested in flair, please submit to this thread 3-5 comments you've made that demonstrate a breadth and depth of economic understanding. These can be comments made in r/economics, or other relevent subreddits (such as /r/asksocialscience , /r/academiceconomics , or r/econpapers). You should also submit a ~1 sentence primer on your economics background, so we can contextualize these comments. We'll discuss applications in modmail and will try our best to respond to all the applications. + +> Two important clarifications: + +> * We want you to demonstrate a background in economics. In other words, not business/political science/finance/sociology. If you have a background in those fields, that's great. We value your contributions to the subreddit. But we want flair to be specifically for people with a strong background in the subreddit's topic area. + + +> * Why we're not going to have a strict definition of acceptable credentials for the flair, we are setting the bar high (only 23 of our 223,659 subscribers have qualified). We are looking for people who are able to demonstrate a knowledge level that's somewhat equivalent to someone with a master's degree. That could mean a PhD student, a BA who has worked as a research analyst, or just someone who has made a heavy study of the field on their own. But we're not looking for someone who has watched a lot of youtube videos, or read all of Paul Krugman's blog. Again, we are not asking you to submit your credentials, but just state them in your application for context. Your comments should be able to demonstrate your claims. + + +I'll keep this as a sticky for a few days for visibility, and then it's back to your regularly scheduled programming. +Hi Folks, + +I have a neurological disability (and on disability) that I don't want to get into and I'm single / 36M. It provides a lot of obstacles in a lot of aspects of life, but I have been able to invest really well throughout my life and, even, afterwards. Here's the scenario: + +1. Investment Condo: $3k rent / mo, $750k +2. Liquid Assets (stocks): $7M+ +3. Private Equity: $25k +4. On disability + +Now, I don't want too much money after reading into various lifestyles at certain levels of net worth. As my illness can affect behavior, I'm worried about getting into bad habits over the long-term. I want anonymity for as long as possible and just want to live well with family and friends enjoying the rest of my life with, maybe, a life partner. If the latter is not possible...well, enjoy being single as best as possible and REALLY work off the bucket list as a single disabled male in his 30's. So, here's the plan and target: + +1. Divest out of Liquid Assets when I hit my investment goal +2. Take out 401k (no addtl tax penalty bc on disability) and into Liquid Assets +3. Put all liquid assets into low-fee mutual funds and do SWR of $500k in annual investment income at 5-6% SWR +4. Annualized giving of $300k to a few local organizations via my DAF +5. Live nicely with $200k income: travel (as best as possible), work through my bucket list, learn hobbies, start a smb, invest more in private equity +6. Sell the investment condo and buy a dream condo for myself for the long-term +7. Help out my caregivers and my nieces with their financial lives while alive and posthumous too + +Is this a good plan? What should I consider? What am I missing? +To illustrate my point, let’s use the number below: + +* $10M in a portfolio, say 75% VTSAX + 25% VBMFX. +* The average dividend is about \~1.5% +* The 21-year CAGR is about 5.57% (if not re-invest dividend). [Reference](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&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&reinvestDividends=false&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VTSAX&allocation1_1=75&symbol2=VBMFX&allocation2_1=25) + +Suppose that you plan to withdraw 2.5% to support your retirement life, starting at your 1st year of FatFIRE life. + +From a tax-efficient perspective, it seems that the best idea is to **pay the first 1.5% with your dividend since you can’t avoid its tax**, and just borrow the rest using IBKR (or another low-interest product via private banking or negotiate a low margin interest w/ your main broker) that charges very little on interest. While you have to pay some interest (which is about \~1% today, maybe will increase gradually to \~2%/3% in the next 10 to 20 years), you can avoid paying capital gain and state income tax. + +You probably still need to pay capital gain when you rebalance, but that’s a separate consideration. + +As long as you keep your margin lower than 20%, it’s generally very safe. Given that the CAGR is 5.57%, and if you borrow 1% from NW, this seems to be a good strategy for many years. + +Some known advantages: + +* If you are not super unlucky, your portfolio gain should outgrow your margin interest (assuming it’s 1\~3%). That is to say, the % of your borrowing may naturally decrease over time. Also, if your NW increases, the 1.5% dividend might be enough to support a good life — you eventually borrow less over time. +* When an asset is transferred at death, the basis is stepped up to the market value at the time of death. If my heir sells the asset, the gain subject to tax would be the appreciation that occurred since inheriting the asset. +* You don’t have to time the market (when to sell) or to project your expense (a medical bill, etc.) You can withdraw (actually, borrowing) whenever you needed so it provides flexibility. +* As a FatFIRE, the more you borrow, you may negotiate (or get) a lower margin rate from your broker. +* You can live in CA/NY or pay (relatively) little concern to the state tax since borrowing money requires no tax. + +Some known risks and their mitigation: + +* The cost of borrowing is too high. The good news is that interest rate hiking is a slow process. At any time you feel the interest makes no sense to you, you can simply stop borrowing and pay off the debt. The long-term capital gain is at most 20%. You receive no or little penalty (15% vs 20%) by paying a large lump sum. Better, you can live in any state you feel convenient until the time you decide to pay the debt off. You could save lots of state income tax if you plan ahead and choose the right domicile state when you decide to sell stocks to pay the debt off. +* Some tax reforms make a capital gain income or with more tiers. Well, legislation is not a quick process and you can always make some move (by talking to your CPA) once you feel the change seems to be imminent. +* How about a bear market like 2008? Well, you could certainly borrow less or spend less. Switching from borrowing to withdrawing provides no help. It could be even a disadvantage move to sell low anyway so avoiding withdrawing could be a good move. + +This plan (borrowing instead of withdrawing) sounds too good to be true. What's the catch? + +Note: this is a repost per Mod's suggestion -- the previous post contains bitly link and thus has to be removed. +I live in Spain. I moved out of my parents house 4 months ago and I can't come back because of problems with my family. I live in a small apartment that I could afford because I had a part time job, but I lost it a month ago and now I literally have 0 money. I am desperate. I eat badly, no going out, had to drop my studies (it was my second year in aeronautical engineering) because I can't pay the tuition since the studentship was denied to me, friends can't help me (they are students and live with their parents). I am looking for a job but I got nothing. I thought that I could ask for a small loan, something around 500 euros, enough to pay my rent this month and give me time to get a job, but it is not very clear to me. What do you think? +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 really want to show people the profits I have in my portfolio. I have worked paycheck to paycheck my entire life, I have never had anything saved. I currently have 12k worth of ETH, I’m so excited and happy but I can’t share it with anyone, my friends all told me not to invest in crypto and my family has no idea what the heck it is. I’m concerned both parties will just try and convince me to sell right now. I just want to be able to share my excitement with people. A part of me is also completely convinced the second I open my mouth it will crash. +Basically, I chose a useless major right out of high school and so I had to go back to school for something smarter at 28. I am 30 now and have gotten great grades for the past two years. + +I have been living at this student housing place since August of 2017. It was only about $600 with lots of amenities and 5 minutes from downtown. I had to deal with 3 roommates but I figured I could make it work. The downside is they throw you in with people that you’ve never met before with their roommate “matching” program. The roommates have gotten progressively worse and the guy I have to live with now is a scumbag all across the board. He let a friend sleep on the couch for the first month and collected rent from him, didn’t ask us if it was ok and kept all the rent money for himself - the crazy part is he did not even pay his regular rent to the apartment complex - I told him I was not ok with that and he sent me an essay long text saying how I “disrespected” him and how other people who have done that have ended up in the hospital - he is filthy, takes food and appliances into his room, doesn’t take showers, plays video games super loud in the living room. I’ve tried talking to him but he doesn’t care. I’ve tried talking to management but they don’t care either. I’ve been trying my best to just stay out of the house and study at coffee shops or stay in my room but I’m near the end of my rope now. I’m too old for this crap. In 2020 I will be taking some of the hardest classes I’ve ever taken in my life and I don’t know if I will be able to pass them with this extra drama from my living situation. I will definitely be getting my own place when the lease ends but that isn’t until the end of July next year. I really want to get out now but I feel trapped. My options are essentially deal with it or find someone to sublease, pay the sublet fee and move out early. I am pretty set on a 1 bedroom place 5 minutes from where I’m at, it’s about 1k. I average about $1400 a month. I could make it work but my leftover savings would be razor thin. + +A big part of me feels I need to get out of here ASAP - But on the other hand the low rent is very alluring and I think about how much I’m saving financially. On a third hand, I feel like I’m paying the exact same price it’s just that right now I’m paying the other half with my peace of mind. + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +In 2019, we ended up locking in a contract for a house for $350,000 with a 30k down payment. Rates were stupid low (we got locked in at 2.4) and we have a great set-up in a new home with a warranty (new construction). + +We love our house, and it's a really nice home (with the exception of the back yard in my opinion, but that can be fixed), we've made it ours and I am against moving again. But, I can't help but wonder what my options are at the moment, if any. + +Right now, our house has nearly doubled in value since 2019. It's absolutely nuts and something I never expected. My parents house didn't even gain value like that, and is now valued less than ours. I don't know what to think other than how crazy it is. Zillow, among others, shows the area's average is $500k, and our house, specifically, is $625,000, with roughly the same report coming from the bank we're using to pay on the mortgage. The area around us is expanding RAPIDLY and it's in the relatively affluent side of town. We've had 3 new neighborhoods, a Costco, and 2 new shopping/town centers opened up in the past 3 years, all within minutes of our location. We got lucky, I think. And I still think it's nuts how much the area is expanding. + +But with our house being fucking DOUBLE what we paid for it in just 3 years, should we look at selling and investing the money elsewhere? How does that kind of money get disbursed when selling? What kind of investment would that money be best suited for? Should I even invest it if I do sell? What kind of housing market would I be going into? Or is it just stupid to consider selling and should I just put that bit of anxiety out of my mind? + +*Quick edit: +Most are already saying to stick with what I have and don't over think it. I appreciate the advice and thoughts on this! For now, I'm gonna agree, but I'll still listen if anyone has any extra advice on the situation, or just buying/selling the house in general since it is related, and it may help in the future. + +*Thanks for all the info everyone! It's good to hear the options I have and suggestions for maximizing what I have now. At the very least, I know now to call the bank and ask for the removal of PMI. General consensus seems to be to look into an HELOC, or cash out refinance. I'll start to do my research on both (any continued advice is welcome!) +While it's preaching to the choir here on r/fi, I found this article on Stealth Wealth engaging in part *because* it's pitched to a wider audience while representing some of our community standards about not discussing FIRE or flashing our wealth - https://www.iwillteachyoutoberich.com/blog/stealth-wealth/ + +Is there a level at which you'd come out of stealth mode? I'll admit, my FI number is probably sub $2M so if I landed myself in a $10M windfall I'd be upgrading the car that my personal driver drives. +Remember the big news that Visa had completed their first crypto transaction on their network? Did you know it was Crypto.com who was behind that? Probably not, because everyone seemed to ignore that part. They’re currently releasing NFTs with Snoop Dogg, they’re sponsoring F1 race cars, and have the 6th most popular finance app on Android. + +I remember posts on this subreddit getting so much attention that would criticize them for hidden fees which didn’t exist. (It was just people not understanding how spreads and low volume work.) People also gave them so much hate for making changes to their company and tokens without telling the public first. Granted some things they should’ve said before doing, but they’re a startup in a brand new sector with regulations changing by the day. You can’t expect them to divulge everything to the public before it’s ready for the public. + +I’m not saying everything they’ve done is perfect and we can’t criticize anything. Far from it. But I think they deserve a lot more credit than they get for bringing crypto to where it is today. +Listen, I’m not gonna lie, this post has enough tinfoil to bake a Shepard’s pie but if you want to entertain yourself this Saturday morning, jump on in, it’s the weekend... + +(TL:DR: is at the bottom but this one was tough to synopsize) + +I was reading a comment that mentioned the A.I. algorithm used by Citadel during the Thursday run up and this reopened a theory I’ve had for a while. Then Pulte tweeted and I became fixated again. + +Ok, so to begin. Ryan Cohen’s ability to convince an extraordinary amount of high level execs from Amazon, Chewy et al. to leave their high paying, lofty positions to join GameStop at a time when even the most strident apes were not fully aware of the ultimate plan for the company, followed by the extremely rapid development of a cutting edge technology with limitless applications and major implications for the future of commerce, human interaction, personal autonomy, privacy and much more, suggests that this plan must have been in place a considerable amount of time before RC purchased GME. + +I mean this kind of plan has to be fleshed out before employed, you don’t dive headfirst into something this important without empirically and non empirically working through the potential variables and unintended consequences. This is, for good or for bad, social engineering. If you’re doing this and you’re doing it for the right reasons you better make sure you figure out a plan and that takes time. + +Ok so, everything RC has done suggests that not only was the plan worked on far before the purchase but that a number of great minds must have been involved and this is a coordinated effort. + +My whole theory hinges on Pulte. I found it slightly odd that Pulte became an Ape so quickly after the BCG coincidence with RC but what I found really odd was the TWTR purchase on the Monday after his first big weekend on [r/superstonk](https://www.reddit.com/r/superstonk/). He had to know that we were going to be all over that, and there was a lot of confusion but he followed with a GME purchase and everyone kind of moved on, we just wanted to believe he was truly our side. The TWTR purchase became even more sensational as Elon followed with the bid to take it private. I filed the TWTR thing in the check back in later category and moved on. + +He later tweets, “Not only has the tide turned but we’ve reached escape velocity.” + +Sounds like someone who knows something we don’t know. It’s more than hopeful, it’s specific, and it’s certain, and there appears to be a wealth of knowledge supporting it. Knowledge we’re not privy to. + +Today he tweets, “Sheesh. The people who hate on GameStop, Bitcoin, and dgcoine take themselves way too seriously. + +DGE coin is an odd choice. Is he tweeting cryptic RC style messages. Is he pointing to Elon. Well, just the dgcoine reference isn’t enough but add to that the odd TWTR purchase after the Ape weekend followed by Elon’s twitter bid and we have a pattern forming. And if the TWTR purchase was a bread crumb to Elon then that alone proves Pulte was in on this from the beginning. Really think about it, we were all waiting on a GME purchase, he could have purchased and publicized GME first, he knew all of our eyes were upon him, but he chose TWTR and we shared it far and wide. That seems like a breadcrumb to me, he wanted us to see that. + +On August 13, 2021 Pulte tweeted, “I like dgcoine because I think Elon’s gonna do something w it” + +Some might scoff and say that the dgcoine reference today is just a continuation of his love for this ridiculous coin but that tweet in 2021 could prove my thesis just as well. He’s been a public Elon supporter since before the sneeze. In fact this tweet is right around the time RC hyper-charges his world changing strategy of re-creating a criminally over shorted dying brick and mortar retail company. The last place in the world anyone would expect a revolution. + +On January 26th 2021, shortly after market close, Musk tweets, "Gamestonk." The share price explodes. + +If Pulte is involved, and that of course remains an if, I then firmly believe, without a shred of direct evidence, that Elon is heavily involved as well (I understand the opinions on Elon are varied and they are hyperbolic. I believe there’s an obvious explanation for that but I’ll touch on that later if you will) + +As far as I’m concerned both fans and detractors generally have Elon so wrong it’s concerning. Elon is simple to grasp. Remove the money from the equation, or at least remove your desire for money, and look at the wealth simply as a tool to accomplish a goal. What is that goal? Agree with him or not, Elon has taken it upon himself to shepard humanity into a future fraught with mortal danger. That’s it, that is the only relevant take on Elon there is. Every decision he makes is with the paramount goal of furthering the advancement of the human species, from Tesla (sustainable energy) to SpaceX (mars colonization) to Neuralink (A.I. integration). The Twitter purchase is still developing but I believe it is materially related to GME, just don’t know exactly how yet. If you think he’s working 20 hour days to make money he’s too busy to enjoy you’re missing the forest for the trees. The money is a tool. + +Now let’s not sidetrack ourselves by arguing over the manner in which Elon's accomplishing or failing at his goal of keeping the flame of humanity alive. Elon’s audience is not in the building, he is speaking to the unborn. And like all men who aspire to be great, the contemporary masses are but a cacophony of misquided now people. The now people need more and they need it now. More what? More everything, more money, more cars, more homes, more luxury items, more tech, more, more, more. More is now, more is living in the present, living and dying by its little victories and defeats. The now people are far too overwhelmed by the demands of now to have the mental energy, let alone the unique intelligence, to even begin to imagine all the possible tomorrows. The now people live by faith and that’s a good thing, there is a wisdom built into the collective, the wisdom of 2 + 2 = 5. + +Elon’s audience will judge his actions somewhere in a far away tomorrow and the path to tomorrow is so fraught with chaos, it takes a truly unique mind to navigate its variables in order to set humanity on a course that most aligns with the likelihood of survival. If we live, Elon will likely have had a lot of input into that success and he will be judged accordingly. If we don’t, it won’t be because of one man. + +I’ve posted about this before but it’s germane to the conversation so I’ll touch on it again. At 22 years old I was wrongly convicted and sentenced to 10 years in NY State prison of which I did 8. The only point relevant to this discussion is that, after roughly 3.5 years inside, as I fully adjusted and moved to a Medium Security prison where I could breathe again was I able to drift away from the urgent needs of modern man and thus become less of a now person. The pressure of the now that we all face was slightly lifted. I did over 100 days in solitary where it was completely removed. I’m talking full on sensory deprivation. The neurons that deal with day to day threats could rest and the imagination became alive again. I began to see a much bigger picture. + +While in prison I re enrolled in College at my own cost, having the materials mailed to me and rearranging my schedule to work through the night as everyone slept.. I didn’t just ace every course I took, I perfected them and I began to truly recognize the quilt of patterns behind all things. The parts hidden between the sciences and the humanities. I read, I read a lot. I came to know Dostoevesky, Faulkner, Dickens, Kafka, Voltaire, Plath and many more. I developed a thirst for history and I studied it from many angles. The Wright brothers come to mind, I even wrote a screenplay after reading a particular biography. This is the greatest story never told. It’s called Impossible. + +We had tried, failed and given up on flight in the late 1800’s. Seriously, the greatest minds all agreed that man would never conquer flight, it simply wouldn’t happen and they moved on. Enter Orville and Wilbur Wright, two Dayton, Ohio brothers with a middling bike sales / repair shop (bikes were new technology at the time, the NFT’s of mobil autonomy) but yet an unwavering faith in their abilities. These were perhaps the two last people in the world to be nominated to do the impossible. But they’d figured out flight and they picked up a map to find that the Outer Banks, NC was America’s windiest region and, in an instant, they uprooted their entire lives to do what could not be done. They didn’t just have to conquer the air, that would be the easy part. They had capture the imagination of a world that had collectively given up on flight and calmly accepted its passing. Flying had a few ups and downs (pun intended) but breaking through that subconscious barrier was the impossible feat. Impossible. It’s what the great men always do. This is what RC is trying to do. + +No longer being a now person allowed me to traverse the mind, and the minds of the great authors and poets, to start getting some real tangible glimpses into a much larger and more grandiose picture. This can be terrifying at times but once you come across something that terrifies you, just walk directly into it and it suddenly becomes rote. + +The past is nothing if it is not a guide to the future. It’s what we do on an individual basis and it’s what we do as a species. The dead have left so many clues for us, and the near dead (Middle Ages to Present) have left a treasure trove. We’ve been passing information through time at an unbelievable clip. If you can piece the past together you begin to find a mirror to the future. + +Elon is not a now person but he’s on the polar opposite end of the spectrum than I was. Where I had almost no autonomy in prison, other than the infinite fathoms of the mind of course, Elon has limitless autonomy in the form of endless resources. Elon doesn’t get the pleasure to dream of tomorrow, he has the burden to. Elon wants to ensure that the flame of humanity is not put out, by meteors, by war or, in the case of GME and beyond, by Artificial Intelligence. + +Neuralink is a hot button concept but I see it from one angle and one angle only. Elon has accepted that we’ve passed the tipping point on A.I., he’s basically stated this in multiple interviews. A.I. is inevitable and it is highly, highly dangerous to the flame. The only way to ensure our survival is to create a kind of interdependence with Artificial Intelligence. The Matrix got it wrong but they were halfway to the solution. Where the matrix required the same interdependence in the form of the enslavement and intubation of the human race in order to utilize their biology as a powerful energy supply, Elon believes we must integrate A.I. and simultaneously make it dependent on our existing biology in some form or another. If it’s not dependent on us, it has no real use for us. Conversely neuralink will open neural pathways in the mind that will enhance our ability to interact with and, essentially, tame A.I. We’ll grow together. + +This brings me to my next point. + +I used to have the NY times delivered in prison, you can subscribe and they mail it right to your cell door every day. But it would always come at least a day late. I remember watching the news when the levees broke in New Orleans and coming back to my cell to find the Times headline from the day before proclaiming relief that the category 5 had passed with little damage and that a catastrophe had been avoided. It was like existing in two different timelines at once. While the Times is an in interesting paper, it is but one of many angles to approach a number of important subjects from. Do not rely on any one angle, this method will invariably fail you. But I digress. + +I came across a very interesting article in the Finance section. This was mid 2000’s I was in an intro to nuclear science class at the time and the Times article was referencing the great migration of physics majors to wall street. Of course, the article intimated, the world is run on computers and who better to write the algorithms of the future markets than the greatest pattern recognizers in university. The film Margin Call makes reference to this: + +*Peter Sullivan : My thesis was a study in the ways that friction ratios affect steering outcomes in aeronautical use under reduced gravity loads.* + +*Jared Cohen : So, you're a rocket scientist.* + +So, over a decade ago the rocket scientists wrote the algorithms that became the A.I. that we’re fighting now. It’s not Ken Griffin, he’s only at the mercy of the machines, the A.I.’s doing the work. Today we find an elite group of power consolidating individuals using artificial intelligence as the newest and shiniest tool to siphon off trillions, these are just more fucking now people. They want more now. They will continue to exploit A.I. until it turns on us because they don’t give a shit about tomorrow. + +That’s why I think this is the first war against the machines. Elon sees this as a battle ground. We have to take the future away from these maniacal now people and diversify our fucking human portfolio by transferring wealth to millions, creating digital autonomy with that wealth, revolutionizing the global financial system, and setting the stage for a more balanced approach to A.I. integration before it’s too late. Before the now people lose control of it. + +Now to my earlier point about the Elon hate. I believe the current A.I. has identified Elon as a threat and there’s a massive bot response across all social media to any mention of his name. There are plenty of real people who genuinely dislike Musk but it’s my contention that most of that hatred has been socially engineered by a massive misinformation campaign employed by the most sophisticated, self replicating software known to man. + +And so, as you can see by the particularly human manner in which I’ve written this post, it is ripe with speculation and imagination. That is our greatest defense against artificial intelligence, uniquely human imagination. We have the wisdom of eons in our DNA and we must now bring it all to the forefront to battle this true final boss. If the bots show up, they better have a specific and well thought out response to this post and I don’t think they’re advanced enough yet. + +Edit: Remember, you are the unanticipated, the uncontrollable variable in this fight. The apes are "irrational" to the A.I.. The Apes are 2 + 2 = 5 manifest. Buy, Hold, DRS is irrational. But it's only irrational on an individual basis, collectively, these individual investment decisions are pure genius at work. That's why authoritarianism will always fail, the individuals will break the chains of rational controlled behavior and collectively build a new world free from the constraints of 2+2=4. Weaponized autism and staying retarded longer than they can stay solvent are two of the most brilliant concepts that man can aspire to, no exaggeration. The metaverse will upload consciousness into the digital realm where the A.I. will be forced to deal with our particularly human level retardation. We are on the brink. + +I’m going to leave you with the quote from Dostoevsky that inspired me to write this post. It’s from Notes from Underground (it's a long one but it's important): + +Yes, but here I come to a stop! Gentlemen, you must excuse me for being over-philosophical; it’s the result of forty years underground! Allow me to indulge my fancy. You see, gentlemen, reason is an excellent thing, there’s no disputing that, but reason is nothing but reason and satisfies only the rational side of man’s nature, while will is a manifestation of the whole life, that is, of the whole human life including reason and all the impulses. And although our life, in this manifestation of it, is often worthless, yet it is life and not simply extracting square roots. Here I, for instance, quite naturally want to live, in order to satisfy all my capacities for life, and not simply my capacity for reasoning, that is, not simply one twentieth of my capacity for life. What does reason know? Reason only knows what it has succeeded in learning (some things, perhaps, it will never learn; this is a poor comfort, but why not say so frankly?) and human nature acts as a whole, with everything that is in it, consciously or unconsciously, and, even if it goes wrong, it lives. I suspect, gentlemen, that you are looking at me with compassion; you tell me again that an enlightened and developed man, such, in short, as the future man will be, cannot consciously desire anything disadvantageous to himself, that that can be proved mathematically. I thoroughly agree, it can—by mathematics. But I repeat for the hundredth time, there is one case, one only, when man may consciously, purposely, desire what is injurious to himself, what is stupid, very stupid—simply in order to have the right to desire for himself even what is very stupid and not to be bound by an obligation to desire only what is sensible. Of course, this very stupid thing, this caprice of ours, may be in reality, gentlemen, more advantageous for us than anything else on earth, especially in certain cases. And in particular it may be more advantageous than any advantage even when it does us obvious harm, and contradicts the soundest conclusions of our reason concerning our advantage—for in any circumstances it preserves for us what is most precious and most important—that is, our personality, our individuality. Some, you see, maintain that this really is the most precious thing for mankind; choice can, of course, if it chooses, be in agreement with reason; and especially if this be not abused but kept within bounds. It is profitable and sometimes even praiseworthy. But very often, and even most often, choice is utterly and stubbornly opposed to reason ... and ... and ... do you know that that, too, is profitable, sometimes even praiseworthy? Gentlemen, let us suppose that man is not stupid. (Indeed one cannot refuse to suppose that, if only from the one consideration, that, if man is stupid, then who is wise?) But if he is not stupid, he is monstrously ungrateful! Phenomenally ungrateful. In fact, I believe that the best definition of man is the ungrateful biped. But that is not all, that is not his worst defect; his worst defect is his perpetual moral obliquity, perpetual—from the days of the Flood to the Schleswig-Holstein period. Moral obliquity and consequently lack of good sense; for it has long been accepted that lack of good sense is due to no other cause than moral obliquity. Put it to the test and cast your eyes upon the history of mankind. What will you see? Is it a grand spectacle? Grand, if you like. Take the Colossus of Rhodes, for instance, that’s worth something. With good reason Mr. Anaevsky testifies of it that some say that it is the work of man’s hands, while others maintain that it has been created by nature herself. Is it many-coloured? May be it is many-coloured, too: if one takes the dress uniforms, military and civilian, of all peoples in all ages—that alone is worth something, and if you take the undress uniforms you will never get to the end of it; no historian would be equal to the job. Is it monotonous? May be it’s monotonous too: it’s fighting and fighting; they are fighting now, they fought first and they fought last—you will admit, that it is almost too monotonous. In short, one may say anything about the history of the world—anything that might enter the most disordered imagination. The only thing one can’t say is that it’s rational. The very word sticks in one’s throat. And, indeed, this is the odd thing that is continually happening: there are continually turning up in life moral and rational persons, sages and lovers of humanity who make it their object to live all their lives as morally and rationally as possible, to be, so to speak, a light to their neighbours simply in order to show them that it is possible to live morally and rationally in this world. And yet we all know that those very people sooner or later have been false to themselves, playing some queer trick, often a most unseemly one. Now I ask you: what can be expected of man since he is a being endowed with strange qualities? Shower upon him every earthly blessing, drown him in a sea of happiness, so that nothing but bubbles of bliss can be seen on the surface; give him economic prosperity, such that he should have nothing else to do but sleep, eat cakes and busy himself with the continuation of his species, and even then out of sheer ingratitude, sheer spite, man would play you some nasty trick. He would even risk his cakes and would deliberately desire the most fatal rubbish, the most uneconomical absurdity, simply to introduce into all this positive good sense his fatal fantastic element. It is just his fantastic dreams, his vulgar folly that he will desire to retain, simply in order to prove to himself—as though that were so necessary—that men still are men and not the keys of a piano, which the laws of nature threaten to control so completely that soon one will be able to desire nothing but by the calendar. And that is not all: even if man really were nothing but a piano-key, even if this were proved to him by natural science and mathematics, even then he would not become reasonable, but would purposely do something perverse out of simple ingratitude, simply to gain his point. And if he does not find means he will contrive destruction and chaos, will contrive sufferings of all sorts, only to gain his point! He will launch a curse upon the world, and as only man can curse (it is his privilege, the primary distinction between him and other animals), may be by his curse alone he will attain his object—that is, convince himself that he is a man and not a piano-key! If you say that all this, too, can be calculated and tabulated—chaos and darkness and curses, so that the mere possibility of calculating it all beforehand would stop it all, and reason would reassert itself, then man would purposely go mad in order to be rid of reason and gain his point! I believe in it, I answer for it, for the whole work of man really seems to consist in nothing but proving to himself every minute that he is a man and not a piano-key! It may be at the cost of his skin, it may be by cannibalism! And this being so, can one help being tempted to rejoice that it has not yet come off, and that desire still depends on something we don’t know? + +You will scream at me (that is, if you condescend to do so) that no one is touching my free will, that all they are concerned with is that my will should of itself, of its own free will, coincide with my own normal interests, with the laws of nature and arithmetic. + +Gentlemen, I am joking, and I know myself that my jokes are not brilliant, but you know one can take everything as a joke. I am, perhaps, jesting against the grain. Gentlemen, I am tormented by questions; answer them for me. You, for instance, want to cure men of their old habits and reform their will in accordance with science and good sense. But how do you know, not only that it is possible, but also that it is *desirable* to reform man in that way? And what leads you to the conclusion that man’s inclinations *need* reforming? In short, how do you know that such a reformation will be a benefit to man? And to go to the root of the matter, why are you so positively convinced that not to act against his real normal interests guaranteed by the conclusions of reason and arithmetic is certainly always advantageous for man and must always be a law for mankind? So far, you know, this is only your supposition. It may be the law of logic, but not the law of humanity. You think, gentlemen, perhaps that I am mad? Allow me to defend myself. I agree that man is pre-eminently a creative animal, predestined to strive consciously for an object and to engage in engineering—that is, incessantly and eternally to make new roads, *wherever they may lead*. But the reason why he wants sometimes to go off at a tangent may just be that he is *predestined* to make the road, and perhaps, too, that however stupid the “direct” practical man may be, the thought sometimes will occur to him that the road almost always does lead *somewhere*, and that the destination it leads to is less important than the process of making it, and that the chief thing is to save the well-conducted child from despising engineering, and so giving way to the fatal idleness, which, as we all know, is the mother of all the vices. Man likes to make roads and to create, that is a fact beyond dispute. But why has he such a passionate love for destruction and chaos also? Tell me that! But on that point I want to say a couple of words myself. May it not be that he loves chaos and destruction (there can be no disputing that he does sometimes love it) because he is instinctively afraid of attaining his object and completing the edifice he is constructing? Who knows, perhaps he only loves that edifice from a distance, and is by no means in love with it at close quarters; perhaps he only loves building it and does not want to live in it, but will leave it, when completed, for the use of *les animaux domestiques*—such as the ants, the sheep, and so on. Now the ants have quite a different taste. They have a marvellous edifice of that pattern which endures for ever—the ant-heap. + +With the ant-heap the respectable race of ants began and with the ant-heap they will probably end, which does the greatest credit to their perseverance and good sense. But man is a frivolous and incongruous creature, and perhaps, like a chess player, loves the process of the game, not the end of it. And who knows (there is no saying with certainty), perhaps the only goal on earth to which mankind is striving lies in this incessant process of attaining, in other words, in life itself, and not in the thing to be attained, which must always be expressed as a formula, as positive as twice two makes four, and such positiveness is not life, gentlemen, but is the beginning of death. Anyway, man has always been afraid of this mathematical certainty, and I am afraid of it now. Granted that man does nothing but seek that mathematical certainty, he traverses oceans, sacrifices his life in the quest, but to succeed, really to find it, dreads, I assure you. He feels that when he has found it there will be nothing for him to look for. When workmen have finished their work they do at least receive their pay, they go to the tavern, then they are taken to the police-station—and there is occupation for a week. But where can man go? Anyway, one can observe a certain awkwardness about him when he has attained such objects. He loves the process of attaining, but does not quite like to have attained, and that, of course, is very absurd. In fact, man is a comical creature; there seems to be a kind of jest in it all. But yet mathematical certainty is after all, something insufferable. Twice two makes four seems to me simply a piece of insolence. Twice two makes four is a pert coxcomb who stands with arms akimbo barring your path and spitting. I admit that twice two makes four is an excellent thing, but if we are to give everything its due, twice two makes five is sometimes a very charming thing too. + +Good heavens, gentlemen, what sort of free will is left when we come to tabulation and arithmetic, when it will all be a case of twice two make four? Twice two makes four without my will. As if free will meant that! + +TL:DR: We're fighting robots to keep the flame of humanity alive right here right now. A.I. is upon us and it's already stolen our free markets. A group of brilliant minds have formed with the intent on taking it, and our future, back. GME is the battleground and we are the soldiers. This is the real thing Maverick. +Many people I notice are quite selfish only wanting to vote for policies that increase house prices because they want to profit, but many of these people have children, so I wonder if they think about the impact of growing house prices on their children. If property keeps going up, how will their children afford property? Do they not care about their children, and if they don't then why do they have children? Having children is not cheap, so if they want to make more money through rising house prices, why do they have children? +Hey ya'll! + +I've been heavily considering refinancing my 2013 Mazda 3 that I got 2.5 years ago. Right now, I'm currently paying $244 a month with 18.23% APR (I was 21 with newish credit) and it's definitely manageable but I feel like I can lower my monthly payments and a lower rate. + +My main question is if it's even worth it to go through the hassle of refinancing a car that old with only $5600 left on the loan? + +Would it be easier to shop for rates online with websites like lightstream and such? Or go to a bank in person and shop around like that? My credit is 702 and I've never missed any payment. Would I even get lower rates? I'm still new to this but I'm trying to research everything but would like some outside perspective on my situation. Thank you! + +Update: thank you all so much for the replies! Truly didn’t expect to get this much input but it’s greatly appreciated! I’m definitely going to look into getting a refinance through a credit union and just generally shop around, since I could be saving a lot of money on interest. +Let’s break this down for everyone who is worried or wants to know what to expect in the coming week: + +AMC current status (30JAN2021) : +AMC has 44.6 million shorted shares and a grand total of 52 million shares. That means 86% of shares are shorted (by hedge funds) and 14% are being longed (all of us) + +Now what everyone is waiting for is when it’s time to close the positions of shorted shares and they (hedge funds) have to cover what they bet on. Keep in mind not EVERY share will expire on Monday. So we MUST hold beyond that. + +Today’s target (1/29) was to beat $8.63 (what hedge funds were betting it would be come Monday) and we did that closing at $13.29! AWESOME. This short position will have to close in 0.5 trading days (Monday) + +So Monday when they’re forced to cover ($8.63) they will have to buy it at its current price to cover their bet. Raising the price up even higher. + +But this isn’t even the best part. All of their other shorts are SIGNIFICANTLY lower. There are 9 different short stocks between $1.98-$5.96. Some of those shorts are 1.9 days away (Tue) 2.5 days (wed) 3.2 days (Thur) so the longer you hold, the higher the price gets and the more they have to cover. + +Over the next few trading days it is going to be a vIolent squeeze. We are at the starting line of what GME did. Hold your ground. Gains Monday are inevitable. But the gains on Tuesday-Thursday will be much higher. + +Short squeezes are historic: and to give you an example Volkswagen had a 46% short at $6 share price which squeezed to $110 a share back in 2008. And, who can forget our grandson GME? + +AMC is at 84% short at $13 The percentage is significantly higher and there’s a lot more room to grow. On the high end we’re talking the possibility of hitting $150-200 a share if everyone is smart and holding until Thursday. + +1. HOLD +2. Buy more on Monday if you can afford it because it’s going to violently rise +3. Enjoy the ride until AT LEAST Thursday evening when shorts have to close their positions and as a result of that they themselves take the price higher. +**HOLD up partner!** I know you're anxious to get down to that sweet comment section and leave your mark. You're probably already thinking of something clever, like "bold of you to assume I can count to 8". But we're about to learn some interesting things, which you can later use to amaze and impress your parents, friends, or significant others. + +*So you've got yourself some crypto, and since you're no chump you created a wallet (or three) to move it to. During the process, the software presented you with a list of words and told you to* ***write them down and keep them safe***\*! But did you know\* + +&#x200B; + +1. **The idea to use a list of regular words (a mnemonic sentence) for generating cryptographic wallets was proposed in 2013**. It was formally adopted as a Bitcoin Improvement Proposal (BIP) called BIP-39. Prior to that, wallet seeds were just a long, randomly generated string of digits, which was difficult to use due to the fact that it's easy to introduce errors when reading or writing it down. Some subsequent implementation following BIP-39 is now used by just about every wallet on every blockchain, *because it's just that good of an idea*. +2. **I know all the words in your seed phrase!** All modern wallets that use BIP-39 use words from the same list of 2048 official seed words. There are different lists for other languages, but every wallet that uses English language is derived from this list of words: [https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt](https://github.com/bitcoin/bips/blob/master/bip-0039/english.txt) +3. **Each word in the list was chosen to minimize the chance of mistaking one word for another.** For example, no two words on the list start with the same four letters, so technically if you can read the first four letters you can recover the wallet. +4. **Humans are terrible at generating randomness**, which is why when you create a new wallet, the software doesn't let you "choose" your seed words. Basically, you would pick words that someone (or a good computer to be more specific) could easily guess if given a few million (or billion) tries. What the wallet does instead is generate a highly random sequence of bits (0’s and 1’s) and then chop it up into a series of 11 bit values, each of which then identifies a single word in the word list (2\^11 = 2048, the number of words in the list). So for example if a particular 11-bit chunk of the random sequence is “00000000101”, that is the number 5, so the 5th word in the list is used, which is “above”. When you recover a wallet using your seed phrase, the software looks up each word to find it’s position on the list and then converts that place number back to the value (i.e. if you enter “moon” it finds that word at position 1149, which in binary is 10001111101). The fact that OG BIP39 wallets were defined this way, by the way, was **considered technically to be a flaw****^(1)**, because the seed words *themselves* don't actually contain the information to recover the wallet. You have to look up the word in a particular list of words. So if the word list is unavailable or changes, your recover phrase would not work. Some software like that [used by the Electrum wallet](https://electrum.readthedocs.io/en/latest/seedphrase.html#motivation), solves this issue by using the seed words themselves to produce the seed value and hence the public/private keys. In the meantime, when you record your seed phrase you **really should also write down the wallet software (including version number) that was used** to produce the keys, so that when they unthaw you in 100 years and you want to recover your vault of moons, you can get an archival copy of the correct software you will need (hopefully someone stored a copy on [IPFS](https://en.wikipedia.org/wiki/InterPlanetary_File_System)). You remembered to have your seed phrase stored with your frozen body, right? +5. **The last word in your seed phrase is actually dependent on the previous words.** This is another level of error detection built into the mnemonic seed phrase. After that series of random 0’s and 1’s is generated, the software calculates a [checksum](https://en.wikipedia.org/wiki/Checksum) and combines it with the last 11-bit sequence, which then determines the last word in the list. So if you know the first 11 words, you can figure out the 12th word fairly easy by trial and error (which is [how I know](https://iancoleman.io/bip39/) “`moon moon moon moon moon moon moon moon moon moon moon tomorrow`” is not a valid seed phrase but “`moon moon moon moon moon moon moon moon moon moon moon able`” is). +6. **The same seed phrase will produce a different wallet on different blockchains.** This is because a subsequent proposal, known as BIP-44, adopted in 2014, added an additional field to the seed value which identifies the coin type. This was done so that there would not be a case where the same public/private key pair existed on multiple blockchains if the user used the same word list to generate, say, separate bitcoin and ethereum wallets. Since you usually use a wallet which is designed for a particular blockchain (e.g. metamask, which supports Ethereum, or Yoroi for Cardano) you aren’t aware of the addition of that key value; the software just does it for you. Related to that flaw in BIP39 pointed out in #4 above, this enhancement is related to what are called *derivation paths*. Which is why technically, your seed phrase is not enough to recover your wallet. **To emphasize this point again, for long term archiving of your seed phrase, be sure to also record what software produced it and for what coin you created the keys.** +7. **Some blockchains use more than 12 words**. [Algorand](https://community.algorand.org/blog/understanding-mnemonic-keys-and-how-they-are-generated-on-the-algorand-blockchain/) and [Monero](https://web.getmonero.org/resources/moneropedia/mnemonicseed.html), for example, use 25 words (the last word includes the checksum similarly to the 12 word version). This is to increase the length of the public key/private key pair to 256/512 bits, respectively. Cardano supports either 15 or 24 word mnemonic phrases. (*No, I don't actually know why they chose 15, I guess just to be weird*) +8. **There are 5,444,517,870,735,020,000,000,000,000,000,000,000,000 possible 12-word seed phrases.** To put that in perspective, there are approximately 7,500,000,000,000,000,000 grains of sand on the earth. So you would have a much (**much!**) greater chance of selecting a single specific grain of sand from somewhere on the earth than guessing someone’s 12 word seed phrase. And for 24 words? Just don’t think about it. For fun, visit [https://keys.lol/](https://keys.lol/) and spin the wheel. + +Try not to let your brain explode with all this new information, cryptofriends! + +If there is one TLDR here, it's this: **when you record your seed phrase, also record information about the software that produced the keys with it.** + +^(1)EDIT: This flaw in original word-list ordering concept was in fact was addressed by implementation of BIP-39 to add an additional step, where the words are hashed together first to generate the RNG sequence. The word list is still used by the wallet software to help verify that you (the user) have entered the correct words and in a valid order, but it doesn't really chop the random number's bits in this simple way. Thanks to u/[**ilkali**](https://www.reddit.com/user/ilkali/) for pointing this out! + +&#x200B; + +&#x200B; +**this is terrible advice** because it is so misleading to a beginner. + +i post this because of a discussion among a group of established and profitable traders earlier this week. the discussion grew out of another topic and evolved into dissecting several trading axioms. + +this one was universally singled out as the most damaging to new traders. + +WHY. . . . + +because it encourages traders to hang onto a green trade when they aren't experienced to make the distinction between room to run and not. + +worse, it reinforces the notion that small money is unsuccessful. too, the idea of "run" is relative and ambiguous. + +HOW DO YOU KNOW WHEN to kill a winner? + +the reality is no one ones when it'll reach maximum benefit. as new traders you're not going to have the sufficient experience to make a decent educated stab at it. \[this is general; some will do ok at times, others not\]. + +every trader in this discussion had many years of profitability. some for decades or more. EVERYONE agreed that in reality the new trader is better off scalping. whatever your trading strategy; scalp it. + +from here, you'll build skills as knowledge and intuition grows and develops. + +win/loss ratio is another killer. + +IF you feel good about the trade according to your methods AND you have a decent place to put your stop, take it and scalp it. + +you'll last longer and bleed less. IF you desire to take more from a trade, it is a learned skill that takes time.......and there is no formula for it. + +KILL a loser FAST. + +there is an unfounded notion that scalping prevents the trader from learning methods to take longer rides. this is nonsense. it does no such thing. water finds it's level, and a trader will learn by osmosis many things about the market as their experiences pile up; the potential length of runs included. + +\*when someone says let your winners run, ask them "how do i know that my winner will run?" you'll get a lot of bullshit in response if you get a response at all, and if you do it'll contain necessary assumptions regarding market experience that you do not yet possess. + +**\*experienced traders take short cash and scratches all the time. don't think for a second that we don't.** + +&#x200B; + +cheers and happy trades..........sv\~ + +&#x200B; +If I buy a 2 year note at a 4% interest rate. I am under the impression I have locked in my money at a fixed interest rate of 4% that the government will pay me in exchange for loaning them money. But how do bonds lose value after you have locked that in? If there was an economic crash in the U.S. I am told my bonds would lose value, but how is that the case if I have it locked in at a fixed rate? +I lost my job in 2018, nearly lost my house in 2019, completely stopped keeping track of my bills, getting the mail, taking care of myself, yeah bad. I got a job in early 2020 and thankfully kept it through COVID. That was first on the list. + +Last week I got a birthday gift from a generous aunt used it to fund a wedding belated wedding gift to some friends. And today I start the process to refi, the last item on the list. + +I have to promise someone so I promise all of you never to get this cluttered up again. Thanks everyone. Cheers! + +Job + +Straighten out mortgage/current + +Find new doc and go + +Find new dentist and go + +Pay back DLB + +then Claire + +then Mom + +Repair garage roof + +2017 fed taxes + +2017 state taxes + +2018 fed + +2018 state + +2019 fed + +2019 state + +Town fees and fines + +Pay speeding ticket and fines + +Pay parking tickets and fines + +(Below I stiffed some people and had to hunt them down to apologize and pay back): + +-Carpenter + +-Air bnb lady + +-Alfonso’s + +-Chimney guy + +Get tree work done + +Contact and settle card 1 + +Contact and settle card 2 + +A and A wedding gift + +A and K wedding gift + +Start refi +Before you get too excited, this is why he can’t. This isn’t going to be the most popular opinion, but there will come a time when apes are scrambling to get their shares registered in their name with huge FOMO implications. You’ll hear apes say “I thought moass would happen when we got close, is it too late to register? Am I really going to be stuck with IOU shares”? One last thought, if your shares aren’t in your name, you have different rights legally from those who are actual shareholders with the stock registered in their name. As always: this is not financial advice. +I'm posting for my sister as she doesn't have an account. She is in her early 40's, married with 2 kids. Because of her background (she was a doctor in the Philippines before coming to US years ago) and without going into too much detail, she can stop working and instead take a 2 year course to become a physician's assistant, (which averages at $100K annual salary, but the tuition will also cost $60K), or instead stay working as a med tech which averages at $60K/year pay. Does it make sense for her to stop working for 2 years (so lose her stream of income for 2 years)? I realize that in the long run, she will eventually earn more as a PA, but does it make sense lose 2 years of income AND pay $60K, for a possibility to earn $100K which is not even guaranteed? + +&#x200B; + +Since this came up often in the replies: + +She did try taking the medical boards to be a doc here. Unfortunately, the couple times she took the medical boards, she didn't pass. She's already graduated more than a decade ago, and between studying, working, and being a mom, she unfortunately was not able to focus on the studies enough to pass. 2 points. She didn't pass the exams by 2 points on both instances and I can understand why she had given up on that dream. +This forum is all about personal finance which helps with a wide number of things in life. For those who are relatively finanically secure, what aspect of your life hasn't having more money fixed? +https://tradingformillions.com/were-back-folks-why-incannex-healthcare-is-growing-into-the-next-billion-dollar-behemoth/ + + +- Trading For Millions is back with another massive update on IHL. + +- This blog and its analysis was a major reason why I initially got into IHL and I’ve made 600% on my money on IHL thus far. + +- This article is extremely informative and good update where IHL is at today. Trading For Millions started a $50k portfolio which has grown into $500k and they expect that this will double in this next couple of months. + +- it’s free to read on the website, just sign up and its a massive analysis piece. Read, read again and you'll feel like buying more IHL immediately. + +It's probably the best read you will have on an ASX Listed Stock period. + +Cheers, E. + +The article is extremely comprehensive and took a lot of time to write, so I cannot copy paste the contents of the article here. + +I wrote a summary DD on IHL a few months back, this is more detailed and up to date. I highly recommend this article. Quite literally professionally written. + +Edit: Disclaimer, I know the author of the post personally and am promoting the article. I did a summary on this subreddit a few months back on the same stock with the DD flair and got a lot of support. This article is more comprehensive and more up to date as it was written with way more content and analysis than my concise summary. +https://tradingformillions.com/were-back-folks-why-incannex-healthcare-is-growing-into-the-next-billion-dollar-behemoth/ + + +- Trading For Millions is back with another massive update on IHL. + +- This blog and its analysis was a major reason why I initially got into IHL and I’ve made 600% on my money on IHL thus far. + +- This article is extremely informative and good update where IHL is at today. Trading For Millions started a $50k portfolio which has grown into $500k and they expect that this will double in this next couple of months. + +- it’s free to read on the website, just sign up and its a massive analysis piece. Read, read again and you'll feel like buying more IHL immediately. + +It's probably the best read you will have on an ASX Listed Stock period. + +Cheers, E. + +The article is extremely comprehensive and took a lot of time to write, so I cannot copy paste the contents of the article here. + +I wrote a summary DD on IHL a few months back, this is more detailed and up to date. I highly recommend this article. Quite literally professionally written. + +Edit: Disclaimer, I know the author of the post personally and am promoting the article. I did a summary on this subreddit a few months back on the same stock with the DD flair and got a lot of support. This article is more comprehensive and more up to date as it was written with way more content and analysis than my concise summary. +I have spent the last 36 months perfecting an equation that is guaranteed to make gains. So far I have made upwards of 48 months worth of 🍿 🐔 + +It works best with Commsec. What you need to do is head over to the market movers, hit decliners, scroll down to the small caps and put 1k gold on every stock in there. + +'When stock go down it must go back up🚀🚀🚀' - Frankie Muniz (*Agent Cody Banks 2: Destination London*) +Right, lets get through this and fuck off to enjoy the weekend... + +Yes, the market railed us last Friday then came back for the reach around on Monday, ironically during thanksgiving holiday in the U.S. + +Thanks **ASX**. + +Looks like Lord Tom is getting his kneecap count up lately with the amount of **T+2** commentary we see popping up. Gamble responsibly kids, or at the very least be decent enough to post your loss porn. + +On a different note, quite a few reasonable quality DD posts have been popping up lately. Mods strive to create a diversified Sub for you fucks mostly free from excessive ramping and we encourage more of this type of posting. + +Still the normal amount of ''*Thoughts on XYZ*" posts getting shot down, although if **XYZ** ever becomes a ticker on the **ASX,** that shit's going to moon... + +&#x200B; + +All the other relevant garbage below.... + +&#x200B; + +&#x200B; + + **SPECIAL MENTIONS:** + +&#x200B; + + \- [u/redditrabbit999](https://www.reddit.com/user/redditrabbit999/) admitted to a [Long term hold of BBUS](https://www.reddit.com/r/ASX_Bets/comments/k3q2xx/will_the_market_crash_again_bag_holding_bbus/?utm_source=share&utm_medium=web2x&context=3), for reasons best known only to themselves. Decay be damned I believe was the cry, Market crash inevitable.............. + +Although????????????????????? + +&#x200B; + +\- u/llamavic, in a true fit of Autism over the [spontaneous betashare Ponzi Scheme](https://www.reddit.com/r/ASX_Bets/comments/jz6bed/betashards_is_giving_away_3k_of_shares_to_do/gdacsxa?utm_source=share&utm_medium=web2x&context=3), has committed to getting a ‘lilpump’ tattoo if they win the shares. + +&#x200B; + +\- Congratulations to u/SlaughterRain, winner of [THE PURGE 2 - DERIVATIVE BOOGALOO](https://www.reddit.com/r/ASX_Bets/comments/jkr1rz/derivapurgemass_aka_the_purge_2_derivative/?utm_source=share&utm_medium=web2x&context=3). + +Like previous Purge winners, we fully expect you to go mad with power. + +(*At this rate you're also in the lead for most individual user flair changes*) + + + +\- [u/SerbianWolf1389](https://www.reddit.com/user/SerbianWolf1389/) is on a mission to donate [majority of their portfolio to brokers](https://www.reddit.com/r/ASX_Bets/comments/k54vxp/4ds_vs_wcg_live_from_the_arena_that_is_my/?utm_source=share&utm_medium=web2x&context=3), but your daily movements do keep us all interested. + +&#x200B; + +\- [u/Exalted\_HC](https://www.reddit.com/user/Exalted_HC/) is calling the [Pot Boom 3.0](https://www.reddit.com/r/ASX_Bets/comments/k5snu7/anyone_else_smell_the_smoke/?utm_source=share&utm_medium=web2x&context=3). + +This should resonate with a large number of the Autists here, nothing like truth in advertising and intimate product knowledge to get the quick flip juices cranking.... + +&#x200B; + +&#x200B; + + **NEW BETS:** + + + + [u/meragy](https://www.reddit.com/u/meragy/) threw out a portfolio challenge and a few accepted. + +Rules and Consequences are as follows: + +&#x200B; + +**RULES**: + +\- No min/max number of stonks + +\- % growth not actual $$ growth + +\- Buy/Sell as you see fit, but in 6 months time on **30/05/2021** whatever your total % growth is at market close( VS the comps start date %) is the number you are judged by. + +&#x200B; + +**CONSEQUENCES:** + +The loser has to purchase a minimum $500 parcel of **DLC**, the Dildo Stonk. + +Failure to purchase = 3 month Ban. + +Challenge was accepted by: + +[u/VestierBlackwood](https://www.reddit.com/u/VestierBlackwood/) + +[u/WistfulWhiskers](https://www.reddit.com/u/WistfulWhiskers/) + +[u/ricklepicklemydickle](https://www.reddit.com/u/ricklepicklemydickle/) + +[u/reecej\_nz](https://www.reddit.com/u/reecej_nz/) + +u/NocturneHS + +&#x200B; + +This is some long term shit so put it in the bottom drawer and lets see who becomes the proud new owner of **DLC** come the end of May. + +Long Calls on lube... + +&#x200B; + +https://preview.redd.it/pjxdifa19r261.png?width=640&format=png&auto=webp&s=fa1df32bd8055203245630fd0de19f74bf5e42e2 + +&#x200B; + +**BANS:** + +&#x200B; + +Victims of the Latest **PURGE** have been named. + +\- [u/Cool-Abbreviations20](https://www.reddit.com/u/Cool-Abbreviations20/) is our official loser and in despicable form has not stepped up to accept the ban like a honorable Autist. + +The result is pretty simple - **PERMA BAN**. + +There will be no farewell post from this user, they are henceforth banished from the realm and profound shit talking is encouraged in the comments section. + +&#x200B; + +\- Sadly, *(begin bag-pipes here)* a sub favorite and perennial competitor in all things degenerate, u/mcfucking is our runner up purge victim. + +User has already made their [Farewell Post](https://www.reddit.com/r/ASX_Bets/comments/k4t8do/au_revoir/?utm_source=share&utm_medium=web2x&context=3), the brave 300 salute you and we shall see you back in a month. + +&#x200B; + +&#x200B; + +\- u/facige made a [Controversial Post](https://www.reddit.com/r/ASX_Bets/comments/k4z0rm/few_withdrawals_along_the_way/?utm_source=share&utm_medium=web2x&context=3) this week regarding their portfolio. + +Those of you that have had the ~~pleasure~~ experience of u/facige will know that they have a somewhat no holds barred mentality when it comes to, well, everything really. + +Mods enjoy a friendly troll, they are an essential element of spice in the mixing pot that gives the r/ASX_Bets community it's unique flavour. + +However, ''**positions or ban**'' is the catch cry that can never be ignored and when it came, this user didn't come through. + + In typical form, user told everyone including us to get fucked but accepted the ban in their own strange way. + +&#x200B; + +&#x200B; + +**DUE:** + + + +[u/Whichers](https://www.reddit.com/u/Whichers/) The time has come for the consumption of **BRN.** + +There has been works a plenty happening behind the scenes here and u/whichers owes you all a truly degenerate spectacle. + +Stay Tuned.............. + +&#x200B; + +&#x200B; + +**RUNNING BETS:** + +&#x200B; + +[All the shit from last time](https://www.reddit.com/r/ASX_Bets/comments/jxjd5j/hitman_gets_whacked_brn_is_back_on_the_menu_and/?utm_source=share&utm_medium=web2x&context=3) +Has anyone been following the silver (SLV and physical) squeeze over on Wall St Bets? + +Apparently JP Morgan was fined $1 billion for blatant silver market manipulation and have active paper shorts on the futures market (something I don't understand 100%). + +Regardless, if you look at the Silver:Gold ratio, it is far lower than what the average is, suggesting some kind of detachment. +Hi all, + +For the past 6 months, a mate and I have been writing a [newsletter](https://www.hypetrainnews.com/) that covers **only interesting Australian finance news**. + +We post the newsletter twice a week, and it primarily consists of bite-sized asx news, shit posts, as well as links to some stock research that we find online. + +You can read it in 5 mins, and it’d give you a decent view of the interesting stuff happening is aus markets. It's something we're super proud of (have spent hours writing and refining it week-on-week), but want to get it in front of more sophisticated investors (such as yourselves.. ;)) to see what you think of it. + +**Why we write about finance news:** We write the newsletter because we struggled to keep up with Australian finance news from heaps of different sources, wanted only interesting news, and couldn’t afford access to more premium services (AFR etc). + +**Where you can find us:** The link to our newsletter is [https://thehypetrain.substack.com/](https://thehypetrain.substack.com/), but you can view our whole backlog of articles [here](https://www.hypetrainnews.com/). It would be great if you could help us out by checking it out, we'd really appreciate it and promise *it will be worth your time (hopefully anyway..).* + +**Our background:** I'm an ex-Unimelb tutor in finance and economics, with some experience in capital markets/consulting but keeping up to date with what's going on in finance and tech + writing this newsletter has really been what’s gotten me through quarantine. My mate is working at an EV start-up but has a similar background to myself. + +**TLDR:** We’re two dudes writing a newsletter twice a week about Australian finance news (it’s free, we don’t pump stocks and you can unsubscribe anytime). The focus is financial news with some articles about finance concepts (intro to valuation etc) and links to cool stock research we find online. Pls check it out [here](https://www.hypetrainnews.com/). + +We did ask mods before posting this (because it is promotional) and they were super kind to give us this **one chance.** + +If you have any questions, feedback, uni advice (for those r/asx_bets people still studying), or hot tips for articles please let me know (PM or email [thehypetrainaus@gmail.com](mailto:thehypetrainaus@gmail.com)). +I'm a junior finance major at a Big Ten university. I have a high GPA, leadership ECs, appropriate resume, am hardworking, etc. (I try my best not to live up to my username.) I was hoping to get an investment banking internship this past semester. However, I did not. + +I find myself held back by anxiety and depression. I am now seeking treatment, but I am now also in the hard position of simultaneously going through the recruitment process. + +Has anyone here overcome anxiety and depression and made it into the financial industry? If so, could you offer me some insight into how to deal with the stigma of mental illness while achieving professional success? + +Thank you +Tax season is beginning and already I'm seeing posts where a spouse starting work on taxes enters one W-2 into tax software and sees a promising "refund" number displayed before all information has been added. Then after adding the other spouse's W-2, there's a disappointing nose-dive of the "refund" number. Confusion ensues about whose withholding is wrong and whether settings at the second spouse's workplace need to be fixed. + +tldr: This is an outcome of misinterpreting interim numbers displayed by tax software before you've entered all information. + +I've written a parable below that examines why it happens, in the hopes it will ease marital discord about it, and prevent people from taking actions that aren't warranted as a result of buying into this illusion. + +--- + +Suppose a husband and wife make 60K and 30K, respectively. They file married jointly. + +Here is one fact: The tax on married filers with 90K income is 7484. + +Suppose they see this and decide it makes sense to arrange things so husband withholds 5000 and wife withholds 2500. Together they pay in 7500, so they won't owe at tax time. They decide it seems fair for them to divide the tax in this 2:1 ratio because their incomes are in a 60:30 ratio. + +Would you agree that if they arrange their withholding so 5000 and 2500 are taken out of their paychecks, they are in good shape? Neither spouse would criticize the other's job as not taking enough tax out of paychecks, right? + +--- + +Suppose everything goes as planned and they do have 5000 and 2500 of withholding. They have actually overpaid their tax by 16, so they'll get a small refund. + +Let's look at what happens when the husband sits down with his tax software, TwerpoTax. + +A few facts need to be stated about our tax system. + +* The tax on a married couple with just 30K income is 560. +* The tax on a married couple with just 60K income is 3884. +* The tax on a married couple with 90K income is 7484. + +If you are surprised that those numbers don't add up, you can verify it by learning how the standard deduction and tax brackets shape the tax owed. + +So husband fires up TwerpoTax and enters his W-2 form in. His wages are 60000 and his withholding was 5000. + +TwerpoTax sees the income is 60000 and filing status is Married Filing Jointly. It thinks the tax is 3884 but he has paid 5000. + +"Your Refund Is $1116," TwerpoTax says. + +Husband is happy and excited about his refund. + +Then he adds wife's W-2 next. Her wages are 30000 and her withholding is 2500. + +"Your Refund Is $16," says TwerpoTax. + +Womp womp. Husband gets mad at wife because he thinks he has lost $1100 of "his" refund. "My refund is paying for some kind of mistake in her withholding setup," he thinks, grumbling. She better fix things at work, he decides. + +--- + +Wife tries to explain to dear hubby that they still have overpaid, and are getting 16 back as a refund, so it can't be that their withholding is wrong. + +Wife decides to try another approach. She sits down in front of TwerpoTax and erases what husband did. She starts fresh by entering her W-2 first. + +Recall, she had 30000 wages and had 2500 of withholding. But TwerpoTax knows the tax tables and thinks tax for them is 560. + +"Your Refund Is $1940," says TwerpoTax. + +Wife turns to husband and says, "See? The software thinks I hugely overpaid my withholding. I didn't. My withholding was fine." + +Wife adds husband's W-2 second. This adds 60000 income and 5000 withholding. + +"Your Refund Is $16," says TwerpoTax, just as before. + +"Should I say there must be something wrong with your withholding, dear husband?" + +"After all, it looks like I have 'lost' $1924 of refund." + +Wife says it doesn't matter which order they enter their W-2s in. They have paid their taxes correctly, even proportionally. + +The software is just reporting wacky numbers in the middle because it knows how tax is calculated on smaller incomes and it doesn't yet know about the second income. The fact that tax on 30K alone and tax on 60K alone are not numbers that add up to tax on 90K makes it quite possible that no matter who puts their W-2 in first, it will seem like that person is due for a big refund. It's not so. It's just an outcome of entering the information partially and attributing meaning to the interim result. + +--- + +Don't get me wrong: I am not saying it's never necessary to change withholding settings. I know married filers can sometimes underpay unless they take steps to fix their W-4 settings. But in a case like this, it's unjustified for the husband to ask wife to increase her withholding. + +It would technically be possible to arrange their withholding so husband would not see any disappointing drop in a fake refund number. He could arrange to have 3900 in withholding and ask wife to boost her withholding to 3600, even though she earns half what he does. Then if he used TwerpoTax and put his W-2 in first, it would say refund is $16, and when he adds wife's W-2 it would say refund is $16 still. But that's an unfair solution to wife. + +Of course, wife could rebut that suggestion. She could say instead she will set her allowances so she has only 576 in withholding, and ask husband to increase his withholding to 6924. Then if she sits down to TwerpoTax and puts her W-2 in first, it'll say refund is $16, then after adding his W-2 it'll still say refund is $16. + +My point is either of those is a silly reaction, trying to eliminate the fake refund display. Instead, they should just ignore the interim display. + +--- + +I deliberately wrote this using a scenario where the couple actually has overpaid and is getting a refund, to demonstrate that the illusion of a "refund" drop can happen even when your withholding is correct. If your combined withholding is incorrect, and you learn you really have underpaid, it's worth taking steps to have your withholding be a correct total amount next year. But the answer isn't necessarily that the second person's withholding is wrong. Use the www.irs.gov/w4app tool to figure out the best result to improve next year's outcome. +Alright apes, it’s the last day of voting and I have not seen enough VOTING POSTS. It’s time to GET HYPE and GET MAD. ***This is biggest thing you will vote for in your life.*** This is a vote for financial freedom, a vote to end financial terrorism, and a vote to truly stick it to these fucks that have lied, cheated, and swindled away the livelihoods of our families for generations. This ends now, and we have the power to do it. It’s time to VOTE. (Vote “for” on all the proposals!). We’ve held for a year and a half, it’s time for the payoff. + +Are you still mad about the media saying WE’RE the ones to blame? VOTE + +Are you still mad about being in the red when the ticker should be in the fucking stratosphere? VOTE + +Are you still mad about Kenneth Griffin, financial terrorist, dropping the price by 40% in half an hour in March? VOTE + +This ends now. Let’s get this shit apes. +Alright apes, it’s the last day of voting and I have not seen enough VOTING POSTS. It’s time to GET HYPE and GET MAD. ***This is biggest thing you will vote for in your life.*** This is a vote for financial freedom, a vote to end financial terrorism, and a vote to truly stick it to these fucks that have lied, cheated, and swindled away the livelihoods of our families for generations. This ends now, and we have the power to do it. It’s time to VOTE. (Vote “for” on all the proposals!). We’ve held for a year and a half, it’s time for the payoff. + +Are you still mad about the media saying WE’RE the ones to blame? VOTE + +Are you still mad about being in the red when the ticker should be in the fucking stratosphere? VOTE + +Are you still mad about Kenneth Griffin, financial terrorist, dropping the price by 40% in half an hour in March? VOTE + +This ends now. Let’s get this shit apes. +Hi AusFinance, + +I'm looking at applying for a bank loan to buy an apartment, before the no stamp duty deal ends on 30 June. + +Problem is, I just found out I had a default against my name so no banks will touch me until it clears. + +(I found out it's $150 owed to Optus, which is now taken over by a finance company. Essentially Optus didn't provide usable internet, I left the 12 month contract early. The finance company said they will launch an investigation for me, but it will take weeks meaning I lose out on the no stamp duty deal) + +Even if I pay the amount, removing the default can take weeks. + +I'm really worried I'll never see a deal like this again, and I want to buy an apartment ASAP. + + What should I do? +So typical post I see all over Reddit forums like this: I grew up in/live in Brooklyn, NY and looking to buy a parcel upstate in the Hudson Valley or Catskills region (I can get 3+ acres in the Catskills for what it costs to buy 0.6 in Hudson Valley, but it's further from NYC) - I know, I probably should have done this like 5-10 years ago but didn't have the money and was too young anyway. + +The thing is, I don't plan on really doing anything with the land anytime soon. I'd want to own it outright (or pay off as much as possible, minus any ongoing property taxes and any maintenance), but I don't plan on building or selling the land at least for a few years. I 'may' one day build a home something, or sell it if I can either make a profit or can't afford taxes anymore, etc. + +The old saying goes "buy land, cause God ain't making any more of it" but maybe I'm taking it too literal. Does it make sense to buy land in an area that 'could' become more valuable one day, without any plans of doing anything with it for years? I know it's all a gamble/hypothetical, but would love some advice or shared experiences. + +Go easy on me, I'm new to all this! +I was just lucky enough to get my first 6 fig job in Tech. It’s been a long road but wanted to share my story and how I got to where I am. Hopefully it can help someone else. + +I am 26 years old and live in a major US city. I dropped out of college during my junior year after one of my parents passed away and left myself with quite a bit of debt. I have a bad relationship with my living parent and have no immediate family in the States. After dropping out (age 20), I got a job at Chipotle where I was a crew member who made $10.25 a hour. I lived in my 1998 altima that I bought in high school for almost 6 months while going to Planet Fitness for showers. I saved up enough money to get a small apartment in a bad part of town for around $650 a month (2 bed split with friend). 35 hours a week at Chipotle left me with almost nothing in my account after paying rent/utilities. I got two free meals at Chipotle so I loaded up on these bowls so food was not a large concern. I got a second job walking dogs that gave me a bit more financial flexibility. + +With the additional dog walking money plus a promotion, I got myself a laptop and started watching free youtube courses (free code camp.org saved my life). I would do this whenever I had free time and eventually after 6 months of working, walking dogs, and studying I felt confident enough to start exploring potential jobs in tech. I had no previous experience in tech as I was a Kinesiology major. I landed my first job as an IT helpdesk guy that paid $15 a hour. I did some embellishing during the interview process about my prior experience but I knew enough at this point to make it appear that I was knowledgeable. Keep in mind that many helpdesk positions don’t require degrees and I lied about having studied computer science when I was in college. I also studied how to interview which is a skill in itself. I applied to 40 or so places, got asked for an interview by 5, and ended up getting 1 offer. + +The job itself was super mundane but it beat working the grill at chipotle. I didn’t actually learn any hard skills at the job but it helped give me something to put on my resume that was tech related. I worked this job for about a year and I started doing some independent learning on networking/cloud related services at the same time. After the year, I felt that I had enough experience to potentially apply for a cloud related job. I failed for 6 months (~100 apps) until I switched up my technique. I started reaching out to people on Linkedin who had jobs I was interested in. I did this with literally 100’s of people and eventually I got proficient enough with the industry jargon that a complete stranger felt confident enough to refer me to a job with their company. With this referral, it got me a foot in the door and I was able to succeed in the interviews. Eventually got a fully remote job offer at a Junior level ($72k) which was life changing in itself. I worked my ass off the two years after I got this job and obtained a couple relevant certs as well. + +Now I have recruiters reaching out to me all the time and I was luckily enough to get an opportunity with a new company that offered $140k with a 10k yearly bonus. The job market is hot in lots of Tech spaces and I was lucky to have been able to succeed. This is not a guide or anything. I just wanted to show that working at a Chipotle making $10 a hour does not mean you are destined for that life. Life can change very quickly.. good luck everyone +Hi everyone, I have started selling cash secured puts lately and I am struggling a bit. + +I always sell them at an IV level and consequent premium that I like for the risk I'm taking, hence I am okay with holding my puts til expiration, but it's the second time now that once I sell my CSP the price proceeds to go down and my put becomes twice as valuable (hence I could have sold it for more). Only once have I been able to open it at the bottom, hence profiting from the extremely high IV. + +Is there some kind of TA or otherwise I should be involving in my decision or is it pointless trying to time the market even a tiny bit and I should just be content with the premium I've already collected (which I am honestly, It's just somewhat frustrating to keep seeing this happen to my puts and missing out on potential profit). + +Thank you guys +I just got nailed on my CSP for TWTR yesterday due to the 15% drop after their earnings call, and I’m wondering if the general idea is to avoid earnings if you’re selling puts because the downside is higher than the upside? I suppose I could start using spreads, but I’m pretty new to selling options, and I like the wheel because it’s fairly straightforward. I like the stocks I’m wheeling, but I’m not going to pretend I have any idea how they’re going to fair heading into earnings. Is the smart play just to avoid earnings altogether if possible? +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. +I hold SPY and nothing else. + +I sell a mixture of SPY CC and 30~45DTE ES short strangles and aim to make 1.5~2% a month. I usually use around 50% of my account margin on ES short strangles. I sell 0.01~0.02 delta strangles and have 500% stop loss on the put side of all of them. + +In theory, if ES were to drop 30% or more over the weekends or between the 1hr closing~opening timing on weekdays, I will blow up around 80% of my account and get margin called since my stop loss won't get triggered. + +I only have ES data dating back to 1999 and the max I've seen dip between opening and closing is 3.5%. So I'm wondering in what circumstances will ES drop by 30% in just one hour or over the weekends. + +If WW4 happens the market will prolly be close since that's what happened during 9/11. So how else will I blow up my account with this strategy? +Working on researching some strategies using the options calculator. What are some stocks $25-$50ish price, that have consistently high IV? Some of the websites out there that I find have lists populated with stocks that ran fairly flat except for the past week when they had a bad news event. I am looking for consistently high volitility. +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. +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. +Hey FIRE community! (long time poster, new account to keep them off my scent..) + +As stated, I'm now six weeks into my year-long sabbatical. This was something I had been planning for about two years. I frequently participated in discussions on these common topics: depression and malaise during the "long haul" of the middle-part of work, impatience, and how different it would hopefully feel once retired (given the low, low feelings of the present). + +One of the pieces of feedback often tendered focused around this idea: **"Wherever you go, there you are."** The point being, if you're depressed, quitting work isn't going to just magically fix that. And I agree... to a point. Clinical depression, chemical imbalances, mental illness, absolutely require medical intervention (whether therapy or medication or both). I did try the medical intervention route briefly and had mixed results. In general, the idea that my apathy towards the world would follow me on my time off was a big source of anxiety. What if nothing changed, and I was still deeply unhappy? The thought of that caused me almost as much despair as the despair itself. + +*However*, I think the doom and gloom was vastly overstated. From my side of the rainbow, having all the time in the world to work on myself - sleep, cook, eat, travel, exercise, explore, socialize, communicate, think, meditate - has made a WORLD of difference. The malaise and mild-to-moderate depression that have plagued me for years are diminished to a shadow of themselves. Of course, things could change after six months of being on sabbatical, but I'll be keeping vigilant. + +Anyway - maybe this is obvious as hell to all of you. "Duh, of course you're going to feel better with a year off from work." But I wanted to reinforce how damn good it feels, even if you feel really, really low right now - even if you're worried that it's become part of the fabric of who you are. If you are feeling the same way I did - disconnected from work/life, generally just sad and withdrawn, not enjoying life like you used to - start planning some time to yourself. It's not worth it to suffer that way until your FIRE date. You never know what kind of sweet deal your employer will offer (sabbatical) if you ask them and even if they don't, the anxiety over finding a new position can't be worse than the bad feeling of suffering through your everyday life, right? + +Good luck and godspeed, middle-of-the-journeyers. +I don't know anyone that started out great, stayed great, and will always be great at trading. + +I've seen a ton of people get lucky, think it was skill, and then lose their ass. + +Myself included. I had $170k in unrealized losses, before I figured it all out. Assuming I have it figured out. + +I was determined to not settle for the loss. If I had an edge, a real edge, I would be able to dig myself out the hole and then some. I did just that. + +I still don't know everything there is to know about options. Hell, I just started implementing delta hedging in my strategy last week. But I'm always in the pursuit of learning more and I have figured out how to draw a respectable income from my trading. + +How much did you lose, before you finally got it? +While I'm really happy in my current role, I recently felt like I was underpaid by maybe 5-10&#37;. But I wasn't sure, so I did some market research which confirmed I was slightly below market. Meanwhile, I updated my LinkedIn and started networking with recruiters to get ready for my next role down the road. My hope was that I could learn more about market rate for my role and the next role I might take. + +Within 24 hours of all this (last week), two **different** recruiters reached out to me. When they asked for salary range, I quoted the market research that I found. Turns out it was spot on and these recruiters are submitting me to jobs that pay between 20&#37; and 30&#37; more than what I currently bring in. I was not expecting that, at all. In fact, assuming I get an interview, I intend to go through the process for one of the jobs because it seems pretty cool. + +I'm pretty happy at my current job, but that's a huge raise. The thing is, I have no experience countering a current company and I've only ever attempted a salary discussion post-hire one time. + +I know the general rule is never attempt to counter your current role unless you have an offer in hand for a job you're willing to take. But what about approaching my boss/HR (once I actually get an offer) with something like "Hey, I'm really happy here, but I was approached by other companies. One of them made an offer. While I really like it here and don't want to leave, the offer is for a lot of money. Is there something we can work out?" + +I concede that I am still towards the beginning of my career (5 yearsish experience) and am very ignorant in the ways of salary negotiation. Any tips and advice are much appreciated. + +Edit: fixed typos and cleaned up some wording +Sorry if this is a stupid question but I plan on making my first purchase with cash and jumping full time into investing. When comes time to refinance my rental, will the bank be happy just using the property as collateral or do they typically want applicants to be employed to get the best rates? I don't want to be in a position where I can't refinance easily because I don't plan on having a normal income. +I bought my first fixer upper. I paid cash. By the time I am done doing everything I need to do I should have less than 20k in it. When done the property according to comps done by some realtor friends of mine it will be worth 40-48k. I am actually going to live in it to eliminate having a mortgage. And then possibly invest in more properties. My only problem is, and maybe I am being sensitive - Whenever I bring my friends to see it nobody ever has anything good to say. They all say things like "well this needs alot of work." Or "this is going to take you forever." And it actually won't. MOST of the things the house needs are cosmetic and non structural. There are no kitchen cabinets in it right now. And nothing but a tub in the bathroom. It needs alot of drywall put up and new flooring. All things that I think to myself, "man I got a great deal. This is mostly all easy stuff." I know it shouldnt bother me, but it does a little. Do you guys remember your first fixer upper property? Were people supportive when they saw the work needingh done? What did people think when they saw it (or any property that needs rehab you have done) pre renovations? I feel like they can't see the finished product as I can see it and have it planned out in my head. +[https://www.zillow.com/homedetails/96-William-St-Worcester-MA-01609/56729727\_zpid/](https://www.zillow.com/homedetails/96-William-St-Worcester-MA-01609/56729727_zpid/) +Curious to see if anyone has shopped around for different insurance and ended up saving significant money on their rental property insurance payment or if most plans are generally quite similar in cost? + +Thanks! +In 2020 I scoped a 1/1 SFH within a couple miles of my house. An offer was accepted the day before I sent mine to the listing agent. The house at the time was sold for $26,900. Fast forward to today and it’s back on the market as a foreclosure listed at $70k. I’ve never made an offer on a foreclosure,but I’m not willing to pay much more than the original price plus a portion of market adjustment, what I’m calculating at about $47k based on tax assessments and current local markets. I’ve done the numbers, it’s a no-brainer still at $47k. My question is, what am I up against? Am I battling for the best offer? The quickest reasonable offer? Do they really want $70k? I can currently offer cash for up to $38k, I can also get financed but I’d rather skip that if possible. I’ll come in competitive, but obviously want to spend as little as possible. What have you experienced? +Currently have 15 SFHs, it’s going great. For 2019 my returns beat the market, even with the market’s stellar return. My goal is 30 SFH and do something different. Maybe commercial? Vacation rental? Not sure yet. But I know 30 is my number. Why 30? I don’t know. It just feels like that’s the right time to move on and diversify into something else. All my rentals are in the same city. But at the same time, should I move on at all? If my SFHs keep performing and I can keep growing, why stop? + +Kind of a silly question when I type it out but it’s been weighing heavy on my mind recently. +Right I know I fucked up, I was late to the party and bought 4 GME shares at $240. Currently I’m at over $600 in unrealized loss. + +This money isn’t absolutely needed for me to survive, but it’s not money I can afford to lose either. As a student it was absolutely stupid for me me to put almost 1k into this. + +Now my main focus is to just cut my losses. +I was gonna ask this in WSB, but I’m sick and tired of seeing emojis and to the moon bullshit. +Genuine question, pls help me out. Should I hold my GME shares in hopes that it will pump (so I can sell then to cut losses) or should I sell now as soon as the market opens? + +Any help would be much appreciated guys 🙏🏼 +Hello, today wasn’t a so good day for me, i lost over 400 dollars and i am in the red more than i ever was, my account has been growing over time, but this isn’t going to cause me to give up, i’m talking about it because i want more advice on how to recover from a loss, i’ve noticed the bigger my account gets the bigger losses i can make, i just need more advice on how to recover from red zones because i haven’t been good at doing that. +If I set a limit sell order at $200 for example, will it instantly execute the order once the stock reaches $200? If so how does that differentiate from a stop limit order? + +I read online that it sells at the set price or better, but how will it know when to execute? At $100 higher than the limit? + +Sorry if this is a dumb question but just want it clarified, have done research but still doesn't make much sense. Cheers +Pretty much the title. If I had waited to file it looks like I would have received an additional $1,020 on my tax return since the first $10,200 of unemployment last year is now untaxed. + +What would I need to do to benefit from this? File an amended tax return? Wait and see what the IRS says? I certainly don't want to miss out on an extra $1,000 + +Thanks in advance for any advice. +Hi all, + +&#x200B; + +I am a relatively new investor and heard a lot about options. I know I don't know nearly enough about them yet so I opened a paper trading account to practice options, but no where really gave me a clear tutorial on what they are and how they work. + +&#x200B; + +Naturally I went to Youtube and managed to find a video that helped me clearly understand what they are. This is the best video I've found on options tradings and I've been through a lot. + +[https://www.youtube.com/watch?v=EfmTWu2yn5Q&t=211s](https://www.youtube.com/watch?v=EfmTWu2yn5Q&t=211s) + +&#x200B; + +Tl;Dr + +This Youtube video let me understand options so I can actually start practicing with them. + +[https://www.youtube.com/watch?v=EfmTWu2yn5Q&t=211s](https://www.youtube.com/watch?v=EfmTWu2yn5Q&t=211s) +So pretty much was forced to move out of my parents place and thankfully a friend of mine is helping me and staying at his place. Well his parents don't honestly like this since they pay his rent for his apartment. Not sure why it would be a bother when they aren't living with him but okay. Been here for about a two weeks now. The moment i moved in i started looking for a job and got part time at a walmart making 14 an hour. I have 500 in my checking and working 4 days a week 8 hours each day. Not much but is something. However i do not get my paycheck until the 8th and that is the day after they expect me to be out, I have found some places nearby i can rent comfortably with my income but i do not have that money yet since i just started working. I do not own any car or any such things and I have need of cash quick to least afford the down payment so I can least have a place to then continue working and pay off the rest of the months on my own. If anyone knows anything that could help me within the week that would be great, also family is out of the question they have their own troubles and my own parents can't really help. Rest of the family i barely even know them. I also live in New Hampshire if that helps with possibly trying to figure things out. Manchester to be exact. +The NIKKEI 225 peaked at its highest 1989 and has been unable to recover ever since in over 30 years. Why is everyone so bullish on the S&P 500 always going up and up? +Edit: Typo in title, vehicle was $42,000. + +Quick background: 29 years old, earning $50k/yr, currently living with parents rent free. + +I co-signed a truck (2019 Ford Ranger, 4x4, XLT, 16,000 miles) at $42,000 for my wife who had less then stellar credit 6 months ago. Payments are $800/mo with 8% interest rate. + +She died suddenly in her sleep 2 months ago, and I've been notified by the bank that I will need to take over the payments now. I explained the situation to them and they didn't really care (wasn't surprised)... just said "Payment is due on this date, please make sure to pay on time." + +I don't really want to get into how this was a bad idea, or how outrageous the payment is, etc.. I know it was a bad idea. I tried to tell her that. She wanted it and I was always willing to do anything to make her happy, even at my own expense. + +My landlord, due to the situation, allowed me to break my lease immediately with no fees or strings attached. So now I'm living with my parents free of charge. I did this to save money and also to get out of my old apartment for my own sanity. + +Living with them... sucks. I'm in a very tiny room in a very tiny house in the middle of nowhere. I did, however, manage to find a really great job out here. + +So I know that I have to suck it up and pay off the truck now. It is about $8,000 upside down, going off of what Carvana offered me to buy it Vs. the remaining balance on the loan. I hate the stupid thing. Not only is it extremely expensive, but it is a daily reminder of her. + +What I want to know is: With the money that I am making, can I afford to move out of my parents place? Or should I also suck that up and stay put where I am? And is there a way to get out from under this damned truck? Or do I just have to pay it off? + +Here is a quick breakdown of my expenses: + +Monthly income (after taxes): $3,400\~ + +Bills: + +\- $820 (Truck) + +\- $100\~ (Car insurance) + +\- $60\~ (Gas to and from work) + +\- $70 (Phone) + +\- $180 (Health insurance) +I have a store called ChinaNumbaOne on Openbazaar. My store id is a930c023c05be077f2bdb56b68f91ba68f4aa5df. + +I currently reside in China and have been here for almost two years. I offer a service where you can send me a link of a product on Amazon or Ebay and I will try to find the factory here that makes it (or similar product) to get the very best price. I can usually locate it on 1688.com or otherwise I ask my Chinese partner (a talented sourcing agent) to search for it. I must add that alibaba.com is really different to 1688.com and there is usually a discrepancy in the prices. + +Once we find the factory, I order a sample, we discuss it and I can send it to you. Together we select a moderator. I list the product on my OB store at a price that we both agree on (usually bulk orders) and then you can place your order. + +I believe this service is really valuable as you don't have to trust us, you only have to trust the moderator. Saying that, I obviously want to deliver the best possible service. We act as a bridge between east and west, where there is often quite a bit of communication and trust issues. + +I have a connection with an established company here that ships products off Taobao, Alibaba and T-mall to Chinese expats all over the world. We do our shipping through them and they make sure the shipment will go through Chinese customs. + +We can also order any product for you from the above mentioned companies. + +At the moment my Openbazaar store is a bit messy because the software doesn't have categorization right now but there are some interesting things to look at. + +Please feel free to chat with me via OB chat, chinanumba1@protonmail.com and @chinanumba111 on twitter. + + +I will not spam this subreddit again with advertisement but I thought some of you might be interested in the service. + +EDIT: I just want to make it clear that we will not be competing with any Openbazaar stores, our aim is to supply OB stores. + +Also, due to the time difference it is almost bedtime now but I will do my best to reply to all the requests within the next 24 hours. + +Please chat with us before placing an order. Some of the listings are minimum prices or rough estimates because current OB software limitations make it hard to distinguish prices between bulk and individual orders without making multiple listings. Also shipping prices for various areas. I am sure they will add this function soon. + +**Edit 2**: Thanks for all the support and requests! I am working through them one by one. It will take me some time but I will reply to every single one. Really grateful and overwhelmed! +So it sounds like NFTs are the new hot ticket. I've heard a lot of about NFTs over the past year or so, but I could never really see the value in it.. until NBA Top Shot. To be able to purchase the digital rights to a highlight clip for example is huge, and it's only going to grow overtime and become applied to more industries. Eg, [someone just paid $270,000 for a highlight video of Lebron](https://www.foxsports.com.au/basketball/nba/a-fan-just-paid-270k-for-a-lebron-james-highlight-and-its-just-the-tip-of-a-23b-iceberg/news-story/13951f2db3d2d023b77fa08610d22acc). + +So the question is, how do we benefit from the growth of the market? + +Does anyone have any moonshots with the NFT angle? +So it sounds like NFTs are the new hot ticket. I've heard a lot of about NFTs over the past year or so, but I could never really see the value in it.. until NBA Top Shot. To be able to purchase the digital rights to a highlight clip for example is huge, and it's only going to grow overtime and become applied to more industries. Eg, [someone just paid $270,000 for a highlight video of Lebron](https://www.foxsports.com.au/basketball/nba/a-fan-just-paid-270k-for-a-lebron-james-highlight-and-its-just-the-tip-of-a-23b-iceberg/news-story/13951f2db3d2d023b77fa08610d22acc). + +So the question is, how do we benefit from the growth of the market? + +Does anyone have any moonshots with the NFT angle? +Just four years ago I was making $23,000 annually. After working a lifetime of dead end minimum wage jobs, in 2018 I was finally able to get my foot in the door in the finance industry. After busting my ass at work every day and exceeding in every review, today I just accepted a $75,000 offer with a new firm. I am absolutely over the moon and TERRIFIED to start fresh, but so unfathomably proud. It can be done!!!! Take heart!!! +The Frugalwoods posted this article a couple days ago and I thought it was worth sharing here. + +http://www.frugalwoods.com/2016/10/28/striving-for-compassion-in-a-world-of-judgement/ + +I think this is a good reminder since the FIRE community can be quite judgmental, which isn't surprising considering how radical the FIRE mindset/lifestyle is. I frequently catch myself thinking poorly of people due to their financial circumstances and I know that it's often not warranted. + +Anyways.... it's worth a read. +#Intro +One of the bullet points on this subreddit's sidebar says: + +> FI/RE is NOT about: Taking the slow road, or the traditional road to retirement + +I want to provide one of the alternatives to this method that I don't see talked about on here nearly as much as it should be, leveraged efficient portfolios. If you are one of the people who refuses to touch leverage in any form with a ten foot pole I would love to hear your thoughts on this especially. I am going to give a brief explanation of portfolio efficiency, share some backtests under different circumstances, and attempt to make the case that no one who is trying to grow their wealth both safely and quickly should be invested in 100% stocks. + +#What is risk? +Everyone here has a general concept of risk and reward. It's something that every investment has, but not all investments are equal. If you invest in a one year treasury bill today you will have next to no risk but the reward is only 0.4% per year. If you invest in a 20 year treasury bond you will have slightly more risk and therefore you get a slightly higher reward of about 2% per year. If you invest in the S&P 500 you are taking on much more risk, but how is that measured? It is incredibly difficult to define what risk is. Some people consider it to be the odds of losing everything if you're dealing with derivatives for example, while more commonly it's defined as the amount of volatility you may experience along the way. The S&P 500 dropped by a bit over 50% in the 2008 Financial Crisis. The more volatile your investment is, the bigger the chance it has of going down significantly in value and because there's never a guarantee of it going back up in value this is perceived as risk. + +The stock market (the S&P 500 for the purposes of this) returns anywhere from 6-12% per year on average depending on if you include inflation, dividend reinvestment, and depending on the time frame you're looking back at. The backtests I will show go back to 1994 and including dividends, but not including an inflation adjustment, show the S&P 500 returning about 10.5% per year. This is a great average return and while there are significant crashes from time to time, it has shown to be incredibly resilient at recovering. This has led a lot of people who are looking to grow their wealth to allocate 100% of their investment portfolios into stocks. Don't get me wrong, this is still a great way to grow your wealth and if you do it for 20+ years you can expect to retire quite nicely. The point of this paper is to explain a way that you can *either* keep the risk the same and increase your returns, *or* keep your returns the same and decrease your risk. This is done through having an efficient portfolio. + +#What is an efficient portfolio? +Most people here are familiar with the movement of stocks. They generally follow the broader economy and when that struggles they also struggle. This can lead to lower future expectations which causes some to sell their stocks and move their money to something less risky. Well what is that less risky thing? In most cases it's bonds. What happens is during times of uncertainty people make this switch from stocks to bonds. This is often known as a "flight to safety". It causes stock prices to drop and bond prices to rise. What also can happen in times of uncertainty is the Federal Reserve cutting interest rates. I won't go into too much detail here but lower interest rates cause bond prices to increase. + +Now you have stocks that perform well in good times and bonds that perform well in bad times. This is called an inverse correlation. Stocks and bonds do not *always* have an inverse correlation, especially during good times, but they do have some degree of it during bad times. There are other things that move somewhat or completely inverse to the stock market, such as put options which involve betting on something going down, but the key difference between those other options and bonds is that bonds have a positive expected return. If the market is expected to return 10% per year and bonds are expected to return 2% per year and you hold them 50%/50% you would have an expected return of 6%. This seems worse than holding just stocks... but return is only half of the picture. A stock/bond portfolio is going to have **less than half** of the risk of the 100% stock portfolio. This is because of the somewhat inverse relationship I mentioned earlier. You can plot the risk and return of every combination of stocks and bonds. For example on one end you have 100% stocks + 0% bonds, on the other end you have 100% bonds and 0% stocks. This does not form a straight line. The resulting risk/reward ratio is a curve and the portfolios on the curve are known as tangency portfolios and looks like [this](https://cdn.wallstreetmojo.com/wp-content/uploads/2019/09/Efficient-Frontier-1.jpg.webp). + +Every portfolio on the curve is as historically [efficient](https://en.m.wikipedia.org/wiki/Efficient_frontier) as possible. Now you might notice that even 100% stocks, which would be a broad index fund, is on the curve. That does not mean that it is the most efficient. What that means is that without using any leverage it is the most efficient way to achieve those higher returns. Looking at the curve you'll see that there is a huge amount of diminishing returns with 100% stocks. You are taking on more risk for fewer returns when compared to some of the more efficient combinations which are generally 55-60% stocks and 40-45% bonds. + +#The effects of adding leverage +If you are willing to take on the risk, defined as the volatility, of 100% stocks, then it follows that you should be able to take on the risk of the portfolio that I am about to describe. There exist leveraged ETFs (r/LETFS) that multiply the daily gains of whatever they track. If you want 2x leveraged S&P 500 you would probably use the ticker SSO. If you want 2x leveraged 20 year bonds you can use the ticker UBT (Side note: if you have issue with the low AUM of UBT you can use 50% TLT and 50% TMF to get the same result). Combining the two of these in a 55%/45% ratio (or 60%/40% if you prefer) you can effectively double the most efficient portfolio. This is the same as holding 110% stock and 90% bonds. You can use any degree of leverage you like but I am a fan of 2x because it matches the risk of 100% stocks very closely. Let's look at some backtests from 1994 to present day. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100&debtAmount=0&debtInterest=3&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=55&symbol2=VUSTX&allocation2_1=45) is the backtest of the main portfolio I am describing compared to an unhedged S&P 500 portfolio. This test covers 28 years, 20 of which the leveraged portfolio outperformed. Please note, the years that it outperformed were **not all during bull market years**. It outperformed every year of the Dot Com crash, 2008, and 2020. It had a CAGR about 50% higher (15% vs 10%) over this time period, a better worst year, and a marginally better maximum draw down. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2006&firstMonth=1&endYear=2010&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100.0&debtAmount=0&debtInterest=3.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=55&symbol2=VUSTX&allocation2_1=45) is the portfolio from 2006 to 2010 which fully encompasses the 2008 Financial Crisis. In this time the S&P 500 basically broke even and this portfolio did marginally better. This is to illustrate that even if we have another 2008 this portfolio is going to be just as resilient, if not more so, than the S&P 500. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=2015&firstMonth=1&endYear=2019&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100.0&debtAmount=0&debtInterest=3.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=SPY&allocation1_1=55&symbol2=VUSTX&allocation2_1=45) is the portfolio during 2015 to 2019. You might wonder why this period is significant and that's because rates were rising from near zero to almost three percent during this window. Rising rates are bad for bonds but generally are a sign the economy is strong. This year is the start of a series of rate increases which are most likely already mostly priced in at this point. The Fed wants to get interest rates up a couple percent so that they have room to drop them in the next crash. During this time the portfolio was more or less on par with the market yet again and came out with both a slightly higher CAGR and lower maximum draw down. + +[Here](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=100.0&debtAmount=0&debtInterest=3.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=SPY&portfolioNames=true&portfolioName1=2x+55%25+Equities+45%25+Bonds&portfolioName2=100%25+2x+Equities&portfolioName3=100%25+2x+Bonds&symbol1=SPY&allocation1_1=55&allocation1_2=100&symbol2=VUSTX&allocation2_1=45&allocation2_3=100) is a visualization of each of the parts of the portfolio compared to both the market and the combined portfolio itself. I wanted to show this one so you can get an idea of how each piece moves. You can see that it really is a team effort between the two assets, especially during crashes. + +#Conclusion +I know after seeing this there are still going to be people who won't touch leverage ever in their life and that's okay. I just want to put this out there for the ambitious ones who want to shave a few years off of the time it takes to reach their goal. + +* I have written over 15 pages specifically debunking or explaining various risks associated with leveraged ETFs. This will be posted when it is completely finished. If you have a question or concern about them or their mechanics, just ask. +* I am personally investing over 90% of my wealth into a modified 3x version of this portfolio. +* For people who want diversification outside of the US, I have a post about recreating a leveraged version of VT [here](https://www.reddit.com/r/FinancialAnalysis/comments/rxmbwt/how_to_create_a_leveraged_version_of_vt/?). If you want me to help you come up with something specific just ask. +* If you want more information on leverage I would highly suggest [this](https://rhsfinancial.com/2017/06/20/line-aggressive-crazy-leverage/) +* This portfolio should be rebalanced quarterly if possible (in a Roth IRA for example) or at least annually. If one part grows enough to overtake the portfolio you won't have the same efficiency benefits. + +If you read all of this, thank you! I would really like to have some good discussions in the comments. If you're going to try to make a case against it, which I welcome, please bring your sources! For more posts like this you can check out r/financialanalysis +Our school has begun the discussion at a leadership level about our senior schooling offerings. The current discourse is that most students won't go to university. The traditional narrative where you go to university, graduate and have the same career for 40 years is being discredited. + +For the majority of students, the plan is not to offer an ATAR pathway or even perhaps a QCE.... With a push towards TAFE certificates, partnerships with industry and 'real world learning' (i.e. running school cafe, a bookshop, art gallery within school). + +So, if you were to graduate high school from 2020-2025, would you go to university, given your financial literacy now? + +(I went to university, graduated and have been in the same job for 7 years. Lots of security, long service leave perks... I'm happy with my decision...) + +Edit: a couple of words. +the five largest companies in the US by market cap: +(all in 2015 numbers) Apple, Revenue: 233.7B, OP Income: 71.2B, Income Tax: 19.1B, Net Income: 53.3B Tax rate of 26.8% + +Alphabet (Google), Revenue: 74.9B, OP Income: 19.3B, Income Tax: 3.3B, Net Income: 16.3B Tax Rate of 17.1% + +Microsoft, Revenue: 93.5B, OP Income: 18.5B, Income Tax: 6.3B, Net Income: 12.2B, Tax Rate of 34.1% + +Berkshire Hathaway, Revenue: 175.8B, OP Income: 34.9B, Income Tax: 10.5B, Net Income: 24.4B Tax Rate of 30.1% +Exxonmobil, Revenue: 259.5B, OP Income: 21.9B, Income Tax: 5.4B, Net Income: 16.2, Tax Rate of 24.7% + +Considering the tax rates range from a low of 17.1% to a high of 34.1% totalling 44.6 BILLION dollars how is it not a fair? + +California budget for 2015 113 Billion (for reference) +Hello, + +I am a managing director - handling the whole data science/retail area - working at an European bank. I am 30 years old make decent money and if everything works out I can retire in the next 15-17 years the way I want. + +Last year I bough a house for my wife and daughters without taking any loan. The home is basically our safety net and we intend to stay until we die. + +I am currently investing my money mostly into cryptocurrency (as this is sth. that I really enjoy staying informed) and I am constantly searching to buy a flat as investment property. + +My job is quite stressful and I usually work 10-12 hours a day. This does not leave much time for family and kids. If kids are in bed I am using the evening and night to work on my own things. (if I am not brain fogged from the day.) I am an avid coder and try to learn and practice my skills everyday. + +As the banking landscape is changing - margins for banks go down in retail, organizations tend to become more flat etc. - I am fearing that they might cut my job in the next 10 - 15 years. Furthermore, I have always dreamed to own my own business. + +I was thinking to start a side business, which I can transition into when they cut my job or I just want to: + +* Has anybody of you started a side business, while having a stressful job? How did you do it? +* Is this path recommendable? + +I really appreciate your thoughts! +Kind of the end of the line for me. Have about 7M in investments and 4 kids to support. Is it truly possible to live off of 3% indefinitely? Could use any info as I'm freaking out a little. I have a very expensive mortgage so I am assuming I'll have to sell my house and live in a cheaper part of town. Any advice from folks who are living the fat fire life? +CA resident that earned $4M pre-tax in early 2018, all long term gains from a business that was sold. I’ve talked to a few advisors and I feel that I’m not a big enough fish at $2.5M post-tax and won’t get value or service out of active management. I wanted to validate my strategy with the sub. + +**Relevant background:** + +* ~33yo, married, no kids yet +* ~$350k combined income +* tolerant of some risk, but have an interest in preserving capital +* don’t want to buy a home immediately +* have an existing emergency fund +* paid off student loans recently +* several smaller ~150k payouts coming in 2019 + +**Current holdings:** + +* $1.5M for taxes in CD @ 2% +* $1M cash in high yield savings @ 1.75% ($750k future house fund + $250k extra) +* $500k total US ETF +* $500k CA muni bonds @ 2.12% (tax free aside from AMT) +* $250k international ETF +* $100k various individual companies + +Yes, this is very cash heavy at the moment. Going for a fairly simple 3 fund portfolio, nothing complicated. The extra $250k was earmarked for the international ETF but the trade war + lagging Chinese economy + EU/Brexit situation made me hold off. + +What does this sub think about muni bonds? I am mostly interested in not increasing my already giant tax bill, and use the income to cost average into the domestic market. I know holding bonds isn’t great while rates are raising, but it’s also a hedge against any possible recession. I realize that I could just throw it into the domestic ETF and get a better return and pay the cap gains. Advice? + +If a recession were to happen, I am comfortable aggressively dipping into the house fund and would sell the bonds. I know “time in the market” yadda yadda. Should I just abandon the bond strategy and go all in on the domestic ETF? + +**Estate Planning:** + +How have folks set up their trusts? Do you hold all of your assets within it or keep retirement accounts outside of it? + +Any advice for structuring a post-nup to sit alongside the trust? We are definitely in it for the long haul but had discussed (pre-windfall) plans should we get divorced. Better to decide these things now while we love each other and can think rationally about it. Especially looking for advice when most of the assets were brought into the marriage from one spouse. + +**Getting to FIRE:** + +I am working towards getting this money invested in a strategy I am comfortable with, paying off ‘18 taxes and seeing where the passive income levels sit. Goal is to reinvest until we can cover our ~$125k current spending in a HCOL city, of which $54k is rent. Possibly move to a MCOL city to speed that up and also buy a home. We don’t want to buy in our current market. + +I think it’s really cool to see crypto be immortalized this way as it combines a more traditional medium of art, the statue, with the very forward-looking concepts of decentralization and crypto in general. Although this will be a statue of Satoshi, I think the overarching message of “We are all the bank” applies to many different cryptocurrencies, some even more focused on decentralization and privacy than Bitcoin. It’s also a very positive thing to see in general and it certainly deserves to be understood by more people. Humanity together. +I have $60k in student loan debt total, all federal loans. $25k is in my name and the rest are parent PLUS loans my mom took out for me, she and I agreed that I would pay them back which is no problem for me. I want to start right now and throw as much money as I can at them. My tax refund should be coming in by the end of this month and I do plan on throwing all of it at one of my loans. + +However, I also have about $3k in credit card debt from paying for textbooks and supplies throughout school that I really really want to get out the way. + +I really wanted to go on a vacation too after graduation, but to be honest I might have to sacrifice doing a trip if I want my debt paid off. + +So in the meantime I’m living at home. My mom and I agreed that I contribute $100 every month for groceries. My house isn’t a very mentally healthy place for me, so I was really hoping to move out by the end of this year. + +I have 100% confidence in myself that I won’t be spending my money like crazy like I did in college. Going from $13 an hour to $17 is a big jump for me, and I am excited! I’ve sat down with myself and written down my monthly expenses, everything adds up to $400. My take home pay is estimated to be $28k, so that’s like around $2k a month if my math is correct. That leaves me with $1600 each month and it’s weekly pay, so roughly $500ish. + +I’m anxious because I don’t know where to start with tackling my debt while also trying to save money. Credit cards first or student loans? How much should I throw at my debt? How much money should I put away? Should I even go on a trip? There’s just so many questions running through my mind. If anyone can give some advice, that would be great :) + +Edit: For those asking, my degree is in Chemistry. I asked for advice, not ridicule for going to college. I understand 17 an hour for a graduate is quite bullshit but I took what I could get because job searching after college difficult. I need to work. I do plan on getting my PhD after two years working at the hospital because that’s the minimum commitment. + +Edit 2: If you’re just gonna be up my ass about my wage don’t comment because that’s not what this is for :) Also a PhD in Chemistry IS FREE +**Bitcoin is one of the most important inventions of the last 20 years**. Unless you are a computer scientist, you may not know that the concept of a decentralized network that could achieve consensus (agreement) without any central controlling authority was an unresolved problem in computer science called Byzantine Generals' Problem. Bitcoin solved this problem in 2008 ~~and that in itself is truly revolutionary~~. + +EDIT: it has been pointed out that in spite of what Andreas and [others](http://nonchalantrepreneur.com/post/70130104170/bitcoin-and-the-byzantine-generals-problem) stated Bitcoin was actually not the first but [one of many](http://en.wikipedia.org/wiki/Byzantine_fault_tolerance#Practical_Byzantine_fault_tolerance) solutions to this problem. + +Bitcoin developer Andreas Antonopoulos said "I discovered Bitcoin for the first time in 2011 and, since the Internet, I have not felt this feeling of being completely overwhelmed by the possibilities that I saw. I was there at the dawn of the Internet in 1991 when it was pre-commercial. And I could see that this was going to change the world but couldn't tell everyone around me because no one believed me. And I have that exact same feeling about Bitcoin." + +**Ignore the price**. Ignore Bitcoin the money and understand Bitcoin the technology, the invention, and the network it creates. Because if we mess up the money we'll just reboot another currency. The invention of Bitcoin, the technology that makes it possible, cannot be un-invented. And it creates the possibility for decentralized organization on a scale never before seen on this planet. + +Today in the world approximately 1 billion people have access to banking, credit and international finance capabilities. Primarily the upper classes and the western nations. **6 and a half billion people on this planet have no connection to the world of money**. They operate in cash based societies with very little access to any international resources. They don't use banks. 2 billion of these people are already on the Internet. And with a simple application download, they can immediately become participants in an international economy using an international currency that can be transmitted anywhere with no fees and no government controls. And they can connect to a world of international finance that is completely peer to peer. So **Bitcoin is the money of the people**. At its core Bitcoin is simple mathematical rules that everyone agrees on with no controls. The possibility of bringing 6.5 billion into productive society by connecting them to the rest of the world is truly revolutionary. + +First we're going to start affecting the payment processors; these enormous companies that make it more expensive to send money the poorer the destination country is. A situation that is exploitative and corrupt. And these organizations make enormous amounts of profit for a function that can be done in Bitcoin for free! So, as the adage of the Internet once went, "I just replaced your entire industry with 100 lines of Python code." And that is the case with Bitcoin. + +One of the most important principles of the Internet is neutrality. The Internet doesn't know the difference between CNN and an Egyptian blogger. Likewise Bitcoin is neutral to sender and recipient and also to the value of the transaction. And it also gives every citizen and user of Bitcoin the same ability to innovate in terms of financial innovation, in terms of payment systems and use the currency with exactly the same facility that a bank has. YOU can become and operate on the same level as Citibank. + +It takes a hierarchical system of international finance that up to now has achieved security by limiting access (since that is the main system of trust on our payment systems; you can't get in unless you're vetted) and it turns that on its head and creates a completely flat and decentralized network where every node is equal and the protocol is neutral to any and all transactions. And pushes innovation to the edge of the network. This allows the same phenomenon we saw on the Internet: **Innovation without permission**. You don't need to ask anyone if your application can be published on the Internet. You don't need to ask anyone to completely subvert a new industry with your information technology. With Bitcoin you don't need to ask anyone to invent a new financial instrument, a new payment system or a new service. You can just do it. You can write the code and you are now part of an international financial network that can run that code and put you in contact with millions of consumers. + +It's still early days. We do not yet have the polished interfaces. It's difficult to use. It's used by criminals. It's not exactly easy to see who is using Bitcoin. We've heard all of that before. The Internet circa 1991 was a den of thieves, pirates, pornographers and criminals. Right? But it didn't matter. And it doesn't matter now. And the reason it doesn't matter is because **the same power of the technology that can be used by a criminal to promote their criminal activities can be used by all of the rest of us to do good; to do incredible things all across the world**. And there is more of us than them. + +Bitcoin creates this environment that is ripe for innovation. Because its not just a currency. It's a technology, a network, and a currency. Yes the value has substantially increased over time but we shouldn't focus on the price. If Bitcoin crashed tomorrow morning the technology is still revolutionary. Just like if a website fails on the Internet or an application fails on the Internet, the Internet doesn't go away. So if you understand that Bitcoin is a technology and not a currency you can grasp the importance it has. Yet it should not be about us. It is about the other 6.5 billion people on this planet. It is about the ability to bring to the world a level of financial innovation it has never seen before. It's bigger than a price. Bitcoin can and will change lives. + +It's not going to be easy. When you throw a disruptive technology into the middle of the most powerful institutions on the planet - they don't like it. And right now we're still in the early stages. To use the trite expression "first they ignore you, then they laugh at you, then they fight you, then you win". We're still at the laughing at us stage. And that's quite alright :) Because by the time they get to fighting us they've already lost. Because this technology just went global. There are 193 currencies in the world yet there is now a new international currency; a mathematical decentralized cryptocurrency called Bitcoin. And we're going to build more. Cryptocurrencies are going to be a mainstay of our financial future. They are going to be part of the future of this planet because they have been invented and it's as simple as that. You cannot un-invent it just as you cannot turn an omelette back into eggs. There are many other alt coins out there that use the same basic technology. Bitcoin is the Internet of money and currency is only the first application. At its core **Bitcoin is a revolutionary technology that will change the world forever**. + +A special thanks to [Andreas Antonopoulos](http://www.youtube.com/watch?feature=player_embedded&v=c2CsJ2HMA2I). + +EDIT: Added link to video discussion that was transcribed (but not exact) which also covers other topics such as micropayments. You can also learn all about the protocol [here](https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it) at Khan Academy. More in-depth discussion with Andreas can be viewed [here](http://www.youtube.com/watch?v=JP9-lAYngi4) (beware of the background noise as it was recorded in a restaurant over a meal) and I also recommend [this](http://www.youtube.com/watch?v=DPiFMuPh1uA) recent interview with TastyTrade covering more financial topics that also refers to the previous video ;) +*The first time you send a transaction to a new address* + +“I’m just gonna do a quick copy paste of this address” + +*15 minutes later* + +“Does that look like a 0 or a O to you? Ah screw it.” + +*Send* + +*One minute later* + +“Why hasn’t it gone through already?? Oh Jesus I knew that crypto was a scam. My family was right. I’ve just lost all my money. Why didn’t I look closer at the address? Who the hell reads through a jumbled mess of letters and numbers like this? No wonder people don’t trust this shit. I’m such an idiot - + +*Transaction goes through* + +“Hah! Well that wasn’t that bad. Why doesn’t everyone do this? Stupid banks. They’ll be dead in 5 years” +Hello everyone I had a question about a recent change in a strike price. + +I sold a $6.50 covered call on $SIRI a few weeks back, but as of last week, my strike price went down to $6.25 and now I’m getting a dividend of $25 back on Feb. 25th. + +I don’t really have an issue with this, but was looking for why this happened and can’t find anything. Does anyone know why this would’ve happened? I’ve been trading options foe 3+ years and never seen this. +* AMD = OG YOLO +* IV near all-time low (cheap options) +* SP at 20% discount to analyst consensus +* Advanced Mooning Devices +* They destroyed 4Q20 Earnings +* AMD Guided to the Moon for 2021 +* Sue Bae + +RIDE WITH ME TO VALHALLA + +Positions: + +[300x AMD 02/19C 89.5 @ $3.49](https://i.imgur.com/TT4nnRp.png) + +[286x INTC 02/19P 40 @ $0.10](https://i.imgur.com/TT4nnRp.png) because FUCK INTEL + +This is not investment advice, but here are 69 rocket ships: + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: [Update here](https://old.reddit.com/r/wallstreetbets/comments/lgx0fn/amd_105k_yolo_dd_update/) +Source: https://www.scmp.com/business/china-business/article/3196994/hong-kong-stock-index-slumps-below-16000-mark-new-13-year-low-chinas-leadership-reshuffle-leaves-no + +CNBC article: https://www.cnbc.com/2022/10/24/asia-markets-stocks-currencies-japanese-yen-economic-data.html + +HSI 15,157.54 +−1,053.58 (6.50%) today + +Hang Seng tech index down 7% and limit down is 10%. Total capitulation. + +EDIT: **JFC, Hang Seng tech index now down 9%** : https://twitter.com/Fxhedgers/status/1584427191965605888 + +---------------- + +Hong Kong’s benchmark stock index sank below 16,000 points for the first time in more than 13 years after President Xi Jinping strengthened his grip on power with key allies and signalled no let-up in scrutiny over private businesses. A better GDP report failed to cheer traders. + +The Hang Seng Index slumped 5 per cent to 15,401.64 at the local noon trading break, the lowest level since May 2009. The sell-off was the steepest since March 15. The Tech Index tanked 6.7 per cent while the Shanghai Composite Index declined 0.9 per cent. HSBC added 0.1 per cent before its earnings report. +Alibaba Group plunged 9.8 per cent to HK$62.80, set for a record-low close, and Tencent Holdings slumped 8.3 per cent to HK$213.40. Meituan crashed 11 per cent to HK$125.40. Chinese developers Longfor Group plunged 12 per cent to HK$16.84 and Country Garden lost 7.7 per cent to HK$1.32. + +Xi secured a tradition-breaking third-term as the Communist Party boss after its 20th National Congress over the weekend, and headed a new seven-member Politburo Standing Committee (PSC) with four close allies, while sidelining Premier Li Keqiang among others. + +The risk premium for Chinese stocks in offshore markets “could stay elevated in the short-run, possibly due to investor concerns over the absence of recognised market-oriented economic reformers in the newly-configured PSC,” Goldman Sachs said in a report to clients. + +Xi, in a report to the Congress, had called for “regulating the mechanism of wealth accumulation,” signalling a tighter oversight of private capital following months of crackdown on tech companies, while also pushing his vision for “common prosperity to help close the wealth gap in the nation. +HSBC gained 0.1 per cent to HK$41.60. Pre-tax profit probably dropped 55 per cent from a year earlier, according to market consensus, before its third-quarter report on Tuesday. Standard Chartered retreated 2.4 per cent to HK$48.20, while Bank of China lost 1.5 per cent to HK$2.61, with both reporting later this week. + +Consumer stocks led losses on onshore bourses. Liquor distiller Kweichow Moutai tumbled 6 per cent to 1,517.01 yuan and rival Wuliangye Yibin slid 4.6 per cent to 145.17 yuan. + +A government report on Monday showed the economy grew 3.9 per cent last quarter, beating market consensus of 3.3 per cent. Retail sales rose by a slower-than-expected 2.5 per cent in September, while industrial output and fixed-asset investment both exceeded expectations. +The data showed “a lack of consumer confidence after frequent pandemic lockdowns,” partly explaining the slump in Alibaba and Tencent share prices, said Dai Ming, an analyst at Huichen Asset Management in Shanghai. “Investors now find it difficult to evaluate the stocks.” +I know a good number of people in this sub have used PALs as a way to maintain aggressive positions in the stock market while avoiding near term taxable events. + +While the markets were ripping up, this strategy seemed to have been a boon for many of you. Especially with the Fed and other central banks keeping interest rates low. + +However, with the recent declines in some of the biggest stocks like Netflix, PayPal, and Facebook I wonder how everyone is doing. + +How have these stock market declines impacted your returns? + +Have you changed your approach by reducing your leverage? + +Have you been forced to sell to cover? + +Has anyone actually increased their positions even more this year? + +Just curious how this has been going since we have had so many posts on here about this subject and it seems to be a FatFire approach used by many of you. And seems to have been approach many here have used to accelerate their journey towards FatFire. +Longtime lurker, firs time posting. Been working in advertising for 15 years now and just sold my company. Mid to late 30s, $2.5 million net worth. I didn't get a ton of money for selling but enough to squirrel away and hopefully hit fat fire in 5-10 years. + +My question is on the process of getting board seats-- particularly for someone who isn't a FAANG worker, or an SVP of a huge influential company: How does one go about getting their first board seat? I'm extremely tempted to join paid board seat matching sites like Advisory Cloud. Has anyone used it before, is it any good or worth the investment? + +I've never met anyone who's been on a board and it's all foreign to me, but now that I've sold my business it's what I want to do if/when I fire. Any advice on how to break into board membership would be appreciated! +I know a good number of people in this sub have used PALs as a way to maintain aggressive positions in the stock market while avoiding near term taxable events. + +While the markets were ripping up, this strategy seemed to have been a boon for many of you. Especially with the Fed and other central banks keeping interest rates low. + +However, with the recent declines in some of the biggest stocks like Netflix, PayPal, and Facebook I wonder how everyone is doing. + +How have these stock market declines impacted your returns? + +Have you changed your approach by reducing your leverage? + +Have you been forced to sell to cover? + +Has anyone actually increased their positions even more this year? + +Just curious how this has been going since we have had so many posts on here about this subject and it seems to be a FatFire approach used by many of you. And seems to have been approach many here have used to accelerate their journey towards FatFire. +Where'd all this RKT BS come from suddenly? + +OH! That's right. More media manipulation and shills spreading the BS. + +For anyone that's new here, we've seen this tactic applied before as a diversion to pull people away from GME. Don't fall for it. RTK is struggling to rebound as I write this. There are headlines everywhere saying Reddit investors are short squeezing RKT. I don't recall seeing anyone really talking about it, and I come here a lot. + +&#x200B; + +This is not financial advice. Ape strong together. + +Edit: Maybe it is real. Good for you. Make some money and return focus on GME. + + +Edit: Thanks for the flashy badge things. Hopefully, everyone managed to get out of RKT with their shirt. +This might not be quite the right place for this question but I'll ask anyways. How does retirement work/look differently in the US versus in Europe, the UK, or Australia? Not even early retirement specifically, just in general. + +In the US, its all about your 401K and Roth and personal investments. The idea being that you need to make your wages count early on to continue providing for you when you're old and can't/dont want to work. + +However, I know that wages in the US are **much** higher than elsewhere. If you are living and working in the EU, with intentions to retire there as well, do you rely on the same/similar formula as a US worker or is there a better presence of social programs and private pensions still available? + +Asking as I am eligible for dual citizenship and would love to move abroad at some point. I am not sure if the move could be permanent or not and this question might help solidify that +&#x200B; + +https://preview.redd.it/0tnp8owv3a691.png?width=1365&format=png&auto=webp&s=9dd7abe490efd31aa5431445c14b4a420de549e3 + +Background: Started messing around with trading during the first COVID lockdown and have been day trading options part-time for almost 2 years now with moderate success. This year's high IV environment made me start looking into futures. With IV on SPX hitting 70%+ because of the drop that started last Friday, FOMC, and quad witching this week, I finally had enough and decided to go live with a $10K account on Tradovate. Ultimately my goal is to become a full-time trader but I do not want to quit my job until I can consistently make more from trading than I do my paycheck. + +Thoughts: I wish I had done it sooner. I've traded SPX options a lot these last 2 years so jumping into ES was very straightforward. In fact I would actually say ES is *much* easier than SPX options. Not having to worry about the impact of theta or random IV crush on my trades makes it way easier to be patient during the times of consolidation and chop which have become the norm this last month. I will still continue to use SPX for credit-spreads but I don't think I can go back to SPX for scalping after experiencing how much easier ES has been. If you have a strong edge trading SPY or SPX I would highly suggest giving ES futures a try. The biggest reason I always stayed away from futures is because I always heard it was too risky and just the general negative connotation surrounding it, which made it intimidating for me. + +As you can see my first trade after going live was my biggest loser -$975 where I got trapped trying to short 3730 on 6/14 and held it way too long for a 20pt loss. Not gonna lie it hurt but I'm glad it happened right away because it was a good splash in the face of how quickly ES can move against you and afterwards I was much more careful with my entries. Ending the week with an 85% win rate and my next biggest loss was only -$150. + +As far as trading style goes I mostly scalp, as you can see my average trade this week was 4mins and 30 seconds long. I just trade volume and price action, the only indicators I use are VWAP and Volume Profile. I have tried EMAs, RSI, and MACD but I have found they get in the way and only add noise for me. My only trading rule is to stop for the day if I am down $1,000 to prevent tilting. + +If people are interested I will post a weekly update on my futures journey and maybe share some trade reviews. This is a new reddit account because I don't like people knowing my personal finances. But I promise I'm not trying to sell anything just looking for a place to share my trading failures and successes and hopefully be able to learn from each other. Trading can be lonely especially as an extrovert and my wife is getting tired of me talking her ear off about it so here I am :) +[https://www.youtube.com/watch?v=VGosZWBTF7A](https://www.youtube.com/watch?v=VGosZWBTF7A) + +SPCE Just went public[https://www.forbes.com/sites/alexknapp/2012/07/11/asteroid-mining-startup-planetary-resources-teams-with-virgin-galactic/#7b2f4e4a2a2f](https://www.forbes.com/sites/alexknapp/2012/07/11/asteroid-mining-startup-planetary-resources-teams-with-virgin-galactic/#7b2f4e4a2a2f) + +&#x200B; + +In the meantime their business plan to send people to space for fun ($250,000 ticket i think?). Honsetly i don't see how this could go tits up +More than 40% of Warren Buffett's portfolio consists of bank/lending stocks like WFC, BAC, etc. The exact breakdown is [here](https://hedgefollow.com/funds/Berkshire+Hathaway). + +With many bank stocks falling recently, anyone buying on the dips? Several pay a nice dividend so a long term investment seems tempting here. +I know interest rates are a concern and spreads are tight, but in this economy borrowing volume should still be good. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>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! + +# 🙋 ​[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 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 + +**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) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +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 help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I have a 15x Feb.12 2$strike paid 0.15$ in SNDL +I should have sold the contracts at close today right? +At this point is my best bet to just let them expire and exercise on Friday? Or still sell them tomorrow? +http://imgur.com/gallery/HjGCsbk + +How do I short myself? + +Edit: Just some more info, Im turning 24 in 2 months and still in school getting the degree. The money is half my saving and half financial aid. Bigly F for my life but Im trying to get back to "the life before options" + +I honestly dont know why im losing money so consistently but I guess its what im good at. I told myself to play small every week, deposting a few hundred weekly, only to lose it all a few days later. Had some big gains with picking some ERs, but could never keep those gain due to buying cheap short-term options cause I can only afford those. +Most losses are from playing every ERs as many as possible and daytrading 2 DAYS EXP Spy options. + +I am a certified autist and a retard. +I'm worried that someone could steal my credit card and spend a ton of money all at once. Of course I would be alerted immediately via email and report it, but it wouldn't be fun to deal with I assume. I'm 24 yrs old without any large assets and I don't really to charge all that money at once I guess. + +Edit: Thanks for the responses everyone. The increased limit looks to be a good thing. FYI, I am a responsible individual with plenty of self-control when it comes to spending. +I woke up to £1,400 missing from my bank and a text to say they suspect my card was being used fraudulently on a large number of purchases. + + + + +Having obviously explained how I was asleep and it wasn’t me who made these purchases, they cancelled my card and asked me to ring another number tomorrow morning. + + + + +HSBC are now denying giving me the money back as they are claiming I was too careless with my card details, despite still having my card and never giving them out! + + + + +I am lost where to go, and start Univeristy next Friday, where I am already in a debt of £40 a week due to rent I need to pay termly, and being £900 short of the loan that the government give me for it. My parents said they will help towards this, but we are really strapped for cash as we are redoing a lot of the house at the moment. Any help is appreciated, any shares are dearly appreciated. + + + +I am from Birmingham, UK. +First of all, sorry for my German potato English. I am relatively new to this retarded sub, started lurking in it around December 2020 I think, because that was when I started "investing". + +That's also why I don't want to talk about the trading/financial aspects of this whole meme stock situation, but want to take a look at the general behavior and use of language the past two months. + +After deeply following the discussions about the effects of fake news, filter bubbles, the radicalization of individuals through social media and the laws and regulations regarding these topics in the past years (including research on these topics for an essay I wrote as a law student, which I still am), there are certain key words or phrases that have been established in the discussions and DDs regarding GME etc. that either make me really angry, frustrated or irritated. In the past couple of weeks, I had these thoughts swirling around, and wanted to share them: + +\- I know confirmation bias is strong in all of us, me included, but that doesn't mean we shouldn't allow and discredit different opinions. A civilized discussion, where every argument/fact backed standpoint is heared and respected, is what brings the best results and answers, regardless the topic. + +\- "CNBC FAKE NEWS", "THE MEDIA IS BOUGHT BY HFs" etc. I totally see where these claims are coming from (the strange amount of articles regarding SLV etc.), but endlessly repeating these phrases has not a single positive effect. In my opinion, these phrases aren't apolitical at all, and hence shouldn't even be allowed in this sub. I'll explain why: Not only in the US, but also in Germany, these phrases, portraying established media outlets as "fake", "controlled by XY", "biased towards left/right", are predominantly used by populist groups and people with tendencies towards the conspiracy scene. Based on this, I can't read these phrases in a non political way, especially with all the discussions of the past years in mind. That's why I find it irritating to read these phrases over and over again not only in the daily discussion and GME threads, but also in popular posts on the hot page of wsb. + +\- In addition to the previous point, I'd like to introduce you to the concept of ambiguity (in-)tolerance. + +"Intolerance of ambiguity may be defined as ‘the tendency to perceive (i.e. interpret) ambiguous situations as sources of threat’; tolerance of ambiguity as ‘the tendency to perceive ambiguous situations as desirable" [Wikipedia](https://en.wikipedia.org/wiki/Ambiguity_tolerance–intolerance) + + A phenomenon of social media "discussions" nowadays is the find, that many people are lacking the ability to accept different opinions and to accept the fact, that an event or a fact, (e.g. GME stock price, short %) may have more than one possible reason or explanation, especially if you prefer on of the reasons over the others. + +Regarding our situation, this often leads to people down voting, hating on and even threatening users who try to show different possible perspectives on the events surrounding the GME craze instead of having an open discussion and being thankful for a broader look on the situation. + +\- "short ladder attacks" This term, which was used more and more often during the first weeks of February after GME hit its high, resurfaced in the past couple of days in many threads and posts, even though we had many very solid DDs on why this term and concept is wrong and shouldn't be used. I don't know why, but I can't read any post with that term in it without a strange feeling in my guts, regardless of the overall quality of the post. + +Some additional points: + +\- Since GME settled at around 40$, we had a new trending post setting a fixed event or date as the "MOON TIME" almost every day. and correct me if I'm wrong, but as far as I remember not a single one of these theories became true. Most of the time it even felt like it had the opposite effect of letting the stock price drop once reaching the predicted date. That's why I stopped trusting these kinds of posts and hyping myself up for then being let down once again. The next "big date" is the 19th of March, with many people hoping for that to be the rocket launch. And as much as I too wish for it to be true, I really don't think we should continue to name fixed dates for a liftoff. + +Regarding that you always have to remember, that everything written here can be and most probably is read by not only us little idiot sandwiches, but by every single HF social media guy, every journalist and every other person who feels the need to waste some time on here. + +My conclusion is, that every hype that arises, also attracts people who bet on the bursting of it. + +\- That leads to another point I want to make: not every chart action that happens is an evil strategy of a Bond villain like HF Manager. As I understand, it is a long known and "popular" strategy to invert the trending stock actions (buys/sells) of WSB users for profit. So keep in mind that every post with for example a solid theory for the next liftoff of GME or a DD for a stock that reaches the hot page, attracts many users who try to bet against it, which is completely normal. After all we are a bunch of individuals. In the end of the day everyone has his own profit in mind, and not a collective greater good. And that's not a bad thing, but the inner core of this sub, which made it what it is today. + +So all in all, think about what you read, try to understand different perspectives, engage in meaningful discussions, ask questions, and don't spend too much time on here. The squezoozle happens when it does, or maybe it won't, who knows, let the time show it. + +&#x200B; + +Be nice to each other, have a wonderful day and fuck you. + +&#x200B; + +Position: GME 3 @ 200 +Knowing that we'll only ever pay a maximum of £86k for social care in our lifetime (unless they change this number in the future) has this made anyone change anything about their investing/saving strategy? + +The two biggest assets for a lot of people are their home and pension. However, it's not so easy to access if, say, you have an accident/illness and need the £86k far before retirement age (so can't access your pension) and don't want to have to sell your home to access this cash. + +You could keep £86k in a S&S ISA so it's more easily available, but what if you need to access it during a dip in the market when you really don't want to be selling your investments for a possible loss. + +You could instead keep it in cash savings/premium bonds (well, up to the premium bonds £50k limit) for instant access and avoiding potentially drastic investment losses, but would likely get eaten away overtime by inflation. + +What do you think is the best place for this £86k "social care emergency fund"? +Just curious how everyone does it. Obviously few if any will share their "secret sauce", but many, including myself may share "how the sausage is made". Here is the process that works for me. + +1. Define the scope of data to analyze as a starting point: For me it's easiest to ask the general question "how does the market move". Forget about "hypothesis" or "bets". At this point, the idea is to define a dataset that you can analyze. These can come in lots of different flavors. My favorite is to break down a binary sequence of events over time in the form of basic outcome 1 vs. basic outcome 2. So 5 up vs. 5 down, 10 up vs. 10 down. 3 up vs. 7 down, etc. I use lists for everything and I can run 100s of these concurrently, so at this point the exact values don't matter as much as the shapes. I will test slightly positive skew, slightly negative skew, very positive, very negative, etc. I can do this across 100 + binary events like this all using the same variables in my lists. I have two lists, one that handicaps for shorts and one that handicaps for longs. The idea is to create a realistic house edge that I am working against, but I won't get into the details of this too much because that's a whole can of worms. +2. Sequence the data in such a way that you can snapshot the state of the market prior to the theoretical entry. This is important to get right. I can't stress how many false positives can come up if you get this part wrong. Anything you can think of collect here. Volume, sure, averages of things, why not. Sequence the data in such a way so that these snapshot variables make it to the row that holds the outcome. You can likely see where I am going with this... +3. Make the dataset realistic: Always get bid / ask data. Stay away from Last, or HLOC unless just for an added data point. Trying to handicap datasets and find edges that muddy the bid / ask will often end with you collecting the spread in your analysis by accident. Add logic to make sure every theoretical entry moves at least 1 tick beyond the entry /exit prices and know your handicap with potential slippage, market orders vs. limit orders, etc. And get the most granular time series possible so you can measure the delta between events. I can't tell you how many beautiful alpha signals I have found that only exist in the < 3 ms time range. Point being, you need to throw out all this fools gold on the front end as this will only crush your soul later. +4. Go get the raw data: I wrote some extractions programs that I use with RAPI and NinjaTrader (All C# so it can technically work across more platforms than this). I just write everything out to text files or CSV files and from here we can analyze everything. +5. Keep it stupid simple: This is where I differ from a lot people in this field. I do my analysis like a caveman in excel using simple countifs, sumifs and averageifs. Here is the general idea: I take a data slice, lets say 5 ticks up vs. 5 ticks down in the ES. I have collected 100,000 rows of data where every outcome will be the market moved up 5 or down 5. Simple and binary, the way idiots like me can comprehend it. Now layer in all the "other stuff" I collected in the analysis. This might be the volume at entry, what the prior outcome was, what the last 5 outcomes were, what the current price is relative to this average or that average etc. For each of these I just add a new column with a simple binary outcome True or False. I might end up with 10 to 20 different columns each with True / False like this. +6. How to interpret the data: Finally I run my simple analysis. I create a baseline of Count of Outcome 1, Count of Outcome 2, and then I compare this to each column when true, or when false one by one. The ones that do well I keep, the ones that do very bad I also keep. The ones with no real delta I throw out. +7. How to rinse and repeat and scale: Remember when I said I use lists so I can do this for 100s of different shapes to test every flavor of positive / negative skew. Once I manually find a few good signals that split the data more than lets say 53%/ 47%, I add this to an aggregate program that can scale up and calculate this for me automatically but with much more data and shapes running at once. So I might be testing every type of Skew in a matrix with every tick value from 3 to 20 and all testing one or two variable tweaks that showed promise when I did my initial manual countif / sumif type analysis. + +So that's it for a high level overview for me. You will find lots of really great statistical splits over just about any time frame, but not all of these will hold. The hard part is understanding and interpreting the results and from here taking all of these micro edges and building your strategy to turn on this or turn off that when xyz happens. So that's about it. Now it's your turn! +I had an idea of using GA to create a new technical indicator basically string together a bunch of simple instructions for the genetics. Probably won't lead to anything but an overfitted indicator that has no use but would be fun to try. + +For each point you can start by initilising a pointer at the current position in time. You then initilise the output to 0. + +Moving: +Using two commands like move one point in time left or right; shift right only if current position<starting position else do nothing (prevent looking into the future) to move. + +You can have basic operations: ++ - / *(add/multiply/divide/multiply whatever is in the outout by the following operand) + +An Operand should always follow an operation and do output = output <operator> operand +(would be o/h/l/c/v data at the current cursor position) or a constant (say bound from 1 to -1) + +So for example a 2 point close ma would be made from 4 genes: + +Operator(+) +Operand(close) + +Move (-) + +Operator(+) +Operand(close) + +Operator(*) +Operand(0.5) +I am a native English speaker but I have worked as a professional Chinese linguist for the past five years. I believe I have caught most of the idioms and intonations and I believe this conveys the meaning of his message well. It was a little rushed, and the English doesn't flow perfectly, but the meaning is there. I also welcome suggestions from native Chinese speakers. + +**My only favor to ask is to please show your support in both /r/bitcoin AND /r/btc. The entire community needs to read this.** + +Source: http://8btc.com/forum.php?mod=viewthread&tid=49137&extra=page%3D1 + +**CLARIFICATION: Jihan Wu has stated that he only shared this post on his Weibo (Chinese twitter) account. He states he did not author it.** + +Recently the BU and hard fork topic has become heavily obfuscated. Both sides are sticking to their guns and the arguing has become unbearable. Everyone claims that their own ideas are line with Satoshi’s vision of decentralization, and everyone believes that the other side’s plan will lead to the perils of centralization. On the surface, it appears that all arguments are founded in idealism. But are they really? In actuality, the conflicts at hand are ultimately the result of profit seeking. The tail is wagging the dog. This fellow (referring to himself) is now going to make a couple of observations about the community’s diverging interests and analyze what the significance of those differences is. + +In regards to the fork issue, the heart of the conflict lies with the distribution of the fees for a given transaction and whether they should be handled by the miners exclusively or if they should be spread out (to a second layer). Up until now every transaction on the Bitcoin network has been handled by the miners, and all fees have been given to miners. From the standpoint of rational self-interest, it is only natural and obvious that the mining community is satisfied with this arrangement. However, this situation is likely to be disrupted by Bitcoin developers building lightning network and side chain layer two protocols. If a second layer comes to fruition, many Bitcoin transactions will be facilitated through it, thus bypassing miners, and ultimately resulting in them receiving less fees. It is obvious that the mining community wouldn’t be happy with this type of change. + +If this is to be the general state of affairs, with the developers producing functions that only serve the users, then users will exercise these functionalities, and the miners will have no way of stopping it. However, the current circumstances in bitcoin are subtle. God (or perhaps Satoshi) has given the miners a blocking instrument. This ‘blocking instrument’ is the malleability loophole. This bug has inadvertently become developers’ largest obstacle in producing new functionality. By not removing this bug, developers’ second layer protocols will be hard to implement. The fix to this bug is segwit, but implementing this type of plan requires the mining community’s support. + +In other words, transaction malleability has become the mining community’s first line of defense, a passage ((of a mountain range)) that can be guarded. Holding this point alone will strangle the development of layer 2 protocols, preventing transaction fee revenue being spread to outside of the mining community. + +Rational self interest is human nature. Moreover, in order to win customer support, many layer two protocols such as the lightning network are exaggerating the functionality and benefits, and saying nothing of the limitations and shortcomings. This further exacerbates the miners’ fears. Therefore, the miners coming together to boycott segwit implementation to guard transaction malleability is the first line of defense. + +Blocking the fixing of a bug, on an emotional level as well as a logical one, is not appropriate. These miners know this in their hearts. That is why they do not bring the issue to attention and are not willing to clearly articulate their position. From their perspective, a relatively compromising strategy is to delay segwit and promote on-chain scaling. + +Why would they promote on-chain scaling you ask? Because if the on-chain fees are kept to within a reasonable scope, the user’s attraction to second layer protocols wouldn’t be as great. + +We can draw an example from the global oil trade. OPEC enjoyed a monopoly over global crude oil supply and was able to raise prices above 100 usd per barrel. However, this lead to the development of shale oil, breaking OPEC's monopoly. If OPEC had kept oil prices at a marginally lower level, say 50 USD per barrel, shale oil development would not have been as attractive. Now, shale oil production has become entrenched. Even if OPEC dropped prices to 30 USD per barrel, they would still be unable to destroy shale production. This has created an unfavorable situation for oil producing countries. Miners are afraid of exactly this type of phenomenon. + +In summary. The hard fork is not an issue spawned from differing ideological points of view. Rather, it is a simple conflict of interest. The conflict cannot be resolved via slogans, propaganda, arguments of ideological correctness, fears of centralization, or fanning the flames of war amongst users. These are not paths to the solution. + +If we want to solve the problem, we have to talk sincerely about distribution of interests (profits), and reach a compromise in the pursuit of those interests (profits). Miners shouldn't try to strangle the developers in their development of new functionality, and the developers, in designing those new functionalities, must promote defending the interests of the miners. It is the only way bitcoin can achieve its goal of reaching the moon. +Late 20's with depression. I've never had a job proper closest thing was volunteering at a local vinnies for a while and a dishwashing job that I couldn't sustain because it was giving me lower back pain from the bending. I've graduated uni several years ago but have not being able to find work since. It's been so long that I no longer qualify under youth unemployment in the statistics. + +Also an interesting question is if I should disclose my depression to employer as I don't want to be taken advantage of and exploited because of my depression. + +I'm not to sure what to do with myself and don't want to waste my years not doing anything. +We just sold a property and have a small butt-load of cash. What are my options other than a “high” interest account? (If higher interest account is the only option, any recommendations will be appreciated). Needs to be liquid as it’s for future house deposit. Thanks team! +As in, so many people here are in denial of the resilience of Australian Property. The economic foundations of this country are rock solid. Deep down, we all know this. Let’s stop kidding ourselves that this downturn will be anything more than a bit of cream off the top. Only uber high end properties will see any significant declines in prices - Real estate so expensive that the people which buy it don’t care about the 400-500k price fluctuation. + +Very little new stock is coming online. Why? Because vendors aren’t going to sell in a downturn. Australians love their real estate so much they’ll refuse to sell at a discount and just hold out until 2020 (or 2019) when the market starts growing again. Any pressure to sell such as rising interest rates will be countered with a cut in official cash rates. Any other asset class the market wouldn’t care if you refuse to sell in a soft market it will go down and take you with it. But not Australian property. Why? I have no idea. It’s just a magical asset class that refuses to drop. + + +It’s over for buyers on the sidelines. I’m just gonna buy a student apartment with my cash deposit and go on Centrelink for the rest of my life. Considering my savings have been eaten up by real estate inflation then why shouldn’t I live on the welfare. The way I look at it, the money I lost buying at the peak of the market will be reimbursed via endless dole cheques. I’m FIRE. You win some you lose some. +On mobile. I apologize for any format issues. + +I am currently on vacation, visiting my grandparents. The day I arrived, she informed me she just got her computer fixed, and it cost her $1,500 the day before. It seemed excessive. For that amount why not just get a new computer? + + +Yesterday, I came back from sight seeing to hear her being told "go get your credit card now!" From a man in a foreign voice. She had him on speaker, and it seemed like he was getting belligerent. I took the phone, and asked the man a few questions. He seemed very irritated I stopped him. He said his name was Victor and he was from Microsoft. When I asked him for his employee number, he said "if you don't believe me, call this number back. I'll still answer. I am Microsoft. Help her type in her credit card, I don't want errors. This will only cost two payments of $988." + +HUGE. RED. FLAGS. + +I cussed him out and hung up. My grandma flew I to defensive mode. I talked her down and explained I can fix it for free, NO old lady's computer costs $3500 to fix. + +These are the steps I have taken. I need to know what else i should do to protect her, because I leave for home tomorrow and I'm scared she will fall for it again. + +1. Complete system restore of her computer. She had nothing worthy of backing up. +2. Called the bank to declare the charges as fraudulent. +3. Installed antivirus. +4. Installed remote desktop access so I can fix this thing from home. +5. Filed a police report. + +I am going to call their bank and get them new credit cards right now, as she admitted to the police she DID give out the numbers via phone the day before I got here. Please help me protect my grandma. I am scared to leave her tomorrow. + +Ask questions if you need details. I'll be more than happy to answer. She's on a fixed income and cannot afford giving away $1,000 a week. + +Thank you for reading. + +Edit 1... she now has uBlock Orgins running, as well as Chrome. I deleted Internet Explorer. + +Admin permissions have been removed and are only accessible by a password only I know. + +Reset router and password, as well as her email password. + +Crushed into her head to CALL ME about anyone asking for money, as well as telling her about other scams. + +The police report was filed for the bank to begin the process of getting her money back. We could not proceed without it. + +Putting my toddler down for a nap. + +THANK YOU ALL SO MUCH FOR YOUR INPUT. You have no idea how thankful I am, how much better I feel, and how badly I want them to move closer to me. +To say what we have here is once in a lifetime just simply doesn't do it justice. This is *once.* + +I want Gamestop to do well and hit that 10m floor for sure. I was skeptical of it admiteddly. I was another smooth brained ape who thought "Oh 1k would be lucky to reach!" No. + +It's not. Most of the other smooth brains here have learned something incredible. *You're fucking worth something.* + +I'm not going to be a wagecuck for some corporation and work crazy hours THAT THEY DON'T EVEN A SHIT ABOUT. My boss's boss? Think he knows or gives a shit I'm covering a shift I just despise? Fat fucking no. I'm worth more than this bullshit. + +So when other smooth brained apes think selling at 10k a share is enough, it's not. You're worth more. You fuck us over if you sell and more importantly, you fuck yourself over. 10k can fix your problems for a day. 10m will fix your problems for life. + +Say you have a single share and sell for 10m, take out roughly 42% for tax and you're left with 5.8m. You can retire on that and live on 5% of that annually. You'll forget about 10k a week later. + +We've waited this long, what's a little longer to make sure we get 10m each? + +Fucking HODL 🚀🚀🚀🚀🚀🚀 and develop a wrinkle in your brain if you're doubtful about this reaching that high, and then do us all a favor and learn to read the amazing DD if you haven't. + +Edit: So we're clear, there is no financial advice here. +Let's say company X is indebted to company Y for some amount. If company X were to acquire company Y through a leveraged buyout, what happens to the debt? Can company X use its own outstanding loan balance as collateral in the buyout? +[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/xxh13d) 🎃🐦 + +>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! + +🏴‍☠️ [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/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +This year I told myself to learn only 5 tickers and day trade them religiously. They were FB, AAPL, AMZN, TSLA, and SPY. I’m pretty close to blowing up my account for the second time. + +Im confuse on how the wash sale rule works. From what I read, they say don’t trade in December to avoid the wash sale rule + +For example, Let’s just say I’m down 20k on TSLA up to this point and comes December, I decided to Trade TSLA. For the month of December only, I’m up 2k on TSLA but over all still down 18k for TSLA for the year. So did that 2k of profit in December wash out my total loss for TSLA for the year ? + +This wash sale got me all confuse and trying to read up on it even got me more confused. Several writes ups says to don’t trade for the month of December. I know that Reddit isn’t the best place for advice but I just want some quick answers. +Warning: I'm clueless to most of the lingo and I'm really just looking for a starting point. If you were 18 what tips and tricks did you wish you knew? What are some pieces of information on investing and saving that you didn't know until later that would've been crucial at a younger age? + +I just turned 18 and I would like to start investing some of my money. I really have no idea where to start or what I should be focusing on. I have a Robinhood account with a few hundred dollars on it, my only intentions were to learn some of the basics and start trading. + +I hear mutual funds are a good starting point and some long term stocks are, but what are things that you wish you would've known when you were 18? + +Any good books I should look into reading? + +Thank you for all the help. Just scrolling through these forums has made a big difference for me. + +100% of my savings is in bitcoin. I haven't told my family or my girlfriend because they'll probably think I'm some kind of retard, and it sucks they don't understand the potential we all see in this tech. Society tells me to diversify, invest in stocks/401k/etc., but by the way things are going I'd be surprised if they even exist by the time I'm ready to retire. + +I know y'all with families won't be able to put all of your wealth on the line. But honestly these "safer" assets just give me bad vibes, and I don't know if I can bring myself to invest in them when it comes my time to have a family. I'm only 23 and don't have much, but the little I have will be kept safe by my 24 magic words. I'll be in school another 4 years before I start making any money and who knows what the world will look like then +It was a very hard moment for me, but I was minded by the great Andreas Antonopoulos, it takes discipline to be a good trader. + +Buying when everything feels down is tough, but necessary if you want to profit. This is the most important mantra: buy when most people are selling, sell when most people are buying. + +I was trying to figure out why it was so hard. I made a very good multiple on my original ethereum investment. I should be happy realizing those profits. I realized it was my greed to follow everybody else. Otherwise I'd be missing out. + +What we're seeing today is our generation's .com bubble. When people are throwing hundreds of millions of dollars at eight pages of white paper, it doesn't take a genius that maybe, just maybe, each of those pages aren't worth $25 million each. + +I do believe that one day, ethereum will be the transformative vehicle for new companies that will mint the next Google and Facebook. It'll be the agent that will change our lives as we know it. + +But that day is not today. Fortunes will be lost and lives will be ruined. + +There are so many obstacles that ethereum has yet to tackle. Enacting a transformative change from Proof-of-Work to Proof-of-Stake, the chances of finding a show stopping bug in smart contracts, even just a whiff of one of the giant ICO companies imploding is enough to get weak hands to fold. + +And there are so many weak hands in ethereum. + +The vast majority of people investing in ethereum and ICO's haven't had the bitter taste of an equity dropping to 10% and having the discipline to hold on. + +How do you have confidence a bridge will hold when a 200-ton semi truck drives across? When 200 of those trucks have already driven across. + +Bitcoin has been around for 8 years. It has weathered attacks from the most determined hackers, gone through 3 of the largest crashes in equities, stood under scrutiny by the US government and yet it stands. + +I know this for a fact. Bitcoin will be around post BIP-148. Bitcoin will be around next year. Bitcoin will be around the next decade. I'll sleep easy tonight knowing that my Bitcoin stored in my trusty Trezor is mine to keep, out of the 21 million that will ever exist in human history. + +To plagiarize one of my favorite quotes: + +Ethereum is the fancy McMansion in Sarasota that starts falling apart in a few months. Bitcoin is the old stone building that stands for centuries. I cannot respect someone who doesn't see the difference. + +. + +**EDIT:** I've been getting some very kind messages from you guys and have been encouraged to write more. I've set up a new Twitter account that'll post short thoughts and will let you know when more meaty writing is available. + +Short form: [https://twitter.com/uncapslock](https://twitter.com/uncapslock) + +Long form: [https://medium.com/@uncapslock](https://medium.com/@uncapslock) + +. + +**Thoughtful readings for your consideration** + +* "The hard problems": [https://blog.blockstack.org/the-road-ahead-for-ethereum-b5b090bcd1a](https://blog.blockstack.org/the-road-ahead-for-ethereum-b5b090bcd1a) + +* "I was wrong": [https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36](https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36) + +* "Losing sleep": [https://medium.com/@tuurdemeester/im-not-worried-about-bitcoin-unlimited-but-i-am-losing-sleep-over-ethereum-b5251c54e66d](https://medium.com/@tuurdemeester/im-not-worried-about-bitcoin-unlimited-but-i-am-losing-sleep-over-ethereum-b5251c54e66d) +If I wanted an annuity to pay me $3000/month how much lump sum would it cost? Am late 50's, no meds, no alcohol, non-smoker, work out three four times a week, height/weight proportionate. Big fan of Jon Krakauer. +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 get Microsoft stock at 10% off and can put up to 15% of my paycheck into buying Microsoft, I’ve been doing the max (just started there). The general consensus internally is to sell when your shares hit the account at the end of each quarter because too many eggs in one basket, generally assured 10% gain, etc + +If you were in that situation would you hold or sell immediately? Prices are low now already, I have confidence they’ll go up, and I don’t particularly need the cash right now. Thoughts? +Fidelity has a lot of good reading material. ~~You don't even have to have an account~~. Just download the app, hit the tab in the top left corner, select "learning center" and there is a plethora of information that's well organized and designed. This is like a micro-college course in itself. I haven't checked if it's the same on their website, but I wouldn't see why not. + +*I do not work for Fidelity, I just discovered this information and thought I'd spread the word. I'm sure other brokerages have similar material. + +These topics are set up in "exercises", broken down into modules, and reminds me of the template used in something like an intro to economics class, but specific to investing. I learn best by reading, most videos don't really do it for me. If you learn like me, this may be for you. I haven't gotten through all of them (barely got through the first few), but they seem to cover pretty much every beginner question there is. These are the topics: + +- Are You Ready to Invest + +- How to Start Investing + +- Where to Start Investing + +- What is a Mutual Fund + +- What is an ETF + +- Comparing Mutual Funds & ETFs + +- Evaluating a Stock + +- Building a Portfolio + +- Sector Investing + +- Intro to Technical Analysis + +- Common Trading Pitfalls + +- Intro to Fundamental Analysis + +- 5 Step Stock Trading Strategy + +- Managing a Trade + +- How Technical Indicators Work + +- Common Pitfalls for Technical Indicators + +- An Intro to Options + +- Breaking Down a Call Option + +- Breaking Down a Put Option + +- 5 Most Common ETFs Mistakes + +- Margin Trading: The Foundation + +- 6 Options Trading Pitfalls to Avoid + +If you're like me and don't know what you don't know, this is a good start. + +*May need an account, but don't think you need any funds or bank accounts. Just basic contact info. + +Link to app [Fidelity Investments](https://play.google.com/store/apps/details?id=com.fidelity.android) for Android. +These days i think most people like me would be pirating the majority of their content, i have never really felt guilty doing this because at the end of the day i know that the actual artists involved are getting jack all and most of the money from my purchases wont be going directly to them. + +Now things are changing, now i can support someone and appreciate their content and know that 100% of my hard earned money is going to the person that deserves that money - the creator of that content. + +I really hope more artists, comedians, musicians etc jump on board, throw up a bitcoin donation address on their website, upload files with bitcoin payments. I think they would be suprised how many people then want to give to them instead of sidestepping the music labels/agents etc and getting it for free instead. + +I could go right now and download his stand up shows off utorrent, but for first time i will not do this. Because i now know that i can support someone directly. + +At the end of the day EVERYTHING ends up on bittorrent, no matter how much people want to try to protect their content. Give people the option to pay you directly and you will see a huge change in people's thinking. + +Good luck to you Louis, thank you for what you have done and i hope more people follow suit. Bitcoin is a game changer. + +**Update** : People are completely missing the point of this post. I not once justified or said piracy was good. Yes i pirate, but i also agree it is bad. The more connected/personal feeling i get using bitcoin has caused me to stop and think more about it though. No one can deny that sending people bitcoin online definitely has a more personal feel to it then any other payment method before it, other then cash face to face. The comments on this post have just turned into bashing me and trying to ague a point that i already agree with.. It's ridiculous. + +If i didn't agree with the fact that piracy is immoral i obviously wouldn't have made this post in the first place. Calm down everyone. +Continuing our alphabetical trip through the 20 AEA articles, this week we have [Scale Economies, Product Differentiation, and the Pattern +of Trade](http://www.aeaweb.org/aer/top20/70.5.950-959.pdf) by Paul Krugman, originally published in 1980. + +Abstract: + +> The classical theory that foreign trade is determined by comparative advantage fails to explain some important observations, for example, that there is considerable trade in both directions within what is usually regarded as a single industry, and that countries tend to export goods for which the domestic demand is higher. Krugman investigates the determination of foreign trade under increasing returns; he assumes no difference in production conditions between countries. + +> Prices are determined by imperfect competition with costless product differentiation. Using simple models, he formalizes foreign trade. When transport costs are introduced, he shows that each country will specialize, so no two will produce the +same goods. The larger country will have terms of trade turned in its favor, and wages will be higher there. Some extensions of the model allow varieties within a single industry. It can then be shown that intra-industry trade can emerge and that +countries will tend to export those commodities for which the domestic demand is highest. +Not only can you stake your NFT for passive income, you can RENT your Kira....I wonder who else could benefit from renting out NFTs.... + +This has HUGE implications for GameStop. + +Can you imagine? + +Is this where blockbuster fits in for gamestops purposes? + +Who knows..... + +Let the hype continue. +You guys better fucking hold, this is a little toot compared to a fucking ripping fart that's supposed to happen when it is SQUEEZED LATER ON + +*WE MUST MEET OUR BRETHREN BACK OVER 300 AND TAKE THEM BEYOND* + +THIS IS NOT FINANCIAL ADVICE + +GET THIS POST TO GO VIRAL, $10,000 IS NOT A *MOTHERFUCKIN* MEME +Might be a stupid question but I thought about it today...When people say "set aside money for \_\_\_\_\_\_\_\_" (the blank could be a vacation, car, home, emergency fund, etc) does this mean they are putting money into a different account all together? Different bank? Just making sure not to spend money and let the savings allocate in their checking's or saving's account? Cash? Spreadsheet? How exactly does one keep tabs on these savings? +Anyone can be under financial stress during their lives, even people earning millions of dollars. However at a certain income level financial stress becomes a result of your choices and actions (i.e. huge debts, excessive spending) rather than your capacity to earn a reasonable wage. + +At what yearly income level do you think a person's income is high enough you would roll your eyes at them complaining about financial stress? At what income do you start to think 'lol your fault' rather than responding with some compassion and understanding? + +&#x200B; + +For the purpose of the exercise assume: + +\-There are no huge financially adverse events outside the persons control (i.e. serious medical condition that costs $15k treatment per year) + +\-The person has been at a similar income for around 3 years + +\-The person lives in a capital city in Australia + +&#x200B; + +I suggest answering for a couple of scenarios: + +\-Single Individual + +\-Household couple with 2 kids +Good Morning all! + +Do you guys have any recommendations on understanding company reports and comparing their 'value' with competitors etc? + +Do you also have any recommendations on market podcasts which serve the UK? + +&#x200B; + +I already have money in ETFs etc and want to get a few positions within industries I am interested, but, tbh apart from reading news articles I am pretty clueless. I want to be in a place where I am confident that I made the best decision I could at the time with the information available.... rather than I picked a stock because I liked the logo and their product is cool! + +I listen to a few podcasts (mainly Motley Fool) but while they give useful insights into trends and are generally interesting they are focused entirely on the US, which while I don't view as a bad thing, from purely a personal interest I wondered if there were some UK/EU equivalents out there. + +Ta, +Hey guys, +what's your take on this one? +[https://www.hl.co.uk/shares/ipos-and-new-issues/downing-renewables-infrastructure#](https://www.hl.co.uk/shares/ipos-and-new-issues/downing-renewables-infrastructure#) + + +I've started investing, mainly in mutual funds through HL, just some months ago so I'm quite new. +I'm in for the long run, with some money already invested in renewable energy funds and I'd like to increase my exposure on this sector and this kinda looks like a good opportunity to do so (especially since this trust plans to invest mainly in the UK, so it's going to limit the risk associated with foreign currency). + +So, what's your feeling about it? + +Cheers! +I'm 18, earning a decent salary, living at home & putting my money away into a Marcus (1.1%) account as well as building a portfolio of funds (& a few stocks) using Hargreaves & Landsdowne, which charges 0.45% to hold funds in my S&S ISA. + +I mainly invest in index funds, and only chose H&L because they were highly reccomended, provide decent research (which I've found out you don't need an account for...) and have a massive range of assets on offer (noticeably they don't offer Vanguard funds). + +Given that for most index funds, I'm raking out more money in fees to the brokerage than I do to the fund managers, I feel it probably isn't worth it. H&L don't offer anything particularly unique or useful other than a good app. + +**QUESTION:** Has anyone found themselves in a similar situation? How easy was it to switch brokerages & take your ISA with you (I've already opened one Stocks & Shares ISA this year)? Is it worth the hassle/cost? And most importantly, can you reccomend any alternative, less pricey fund platforms to invest with? + +I'm going to uni, and so likely won't be investing much more than £7,000. My timeframe is 10+ years. + +Thanks very much to all! Getting this stuff right is obv very important, and so I greatly appreciate all your suggestions and comments. + +EDIT: they do carry vanguard funds. In the past they displayed them but didn't let me buy. Thanks for info +I'm 18, earning a decent salary, living at home & putting my money away into a Marcus (1.1%) account as well as building a portfolio of funds (& a few stocks) using Hargreaves & Landsdowne, which charges 0.45% to hold funds in my S&S ISA. + +I mainly invest in index funds, and only chose H&L because they were highly reccomended, provide decent research (which I've found out you don't need an account for...) and have a massive range of assets on offer (noticeably they don't offer Vanguard funds). + +Given that for most index funds, I'm raking out more money in fees to the brokerage than I do to the fund managers, I feel it probably isn't worth it. H&L don't offer anything particularly unique or useful other than a good app. + +**QUESTION:** Has anyone found themselves in a similar situation? How easy was it to switch brokerages & take your ISA with you (I've already opened one Stocks & Shares ISA this year)? Is it worth the hassle/cost? And most importantly, can you reccomend any alternative, less pricey fund platforms to invest with? + +I'm going to uni, and so likely won't be investing much more than £7,000. My timeframe is 10+ years. + +Thanks very much to all! Getting this stuff right is obv very important, and so I greatly appreciate all your suggestions and comments. + +EDIT: they do carry vanguard funds. In the past they displayed them but didn't let me buy. Thanks for info +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +I've seen the stock drop 7% on Friday and can see it is still well below the pre pandemic stock price. What are people's thoughts on this stock? Would anyone recommend a buy / sell or hold? I can't see the share price recovering until well into 2022 as I'm not sure when air travel will return. + +For background I've got no shares in IAG and have done some research on the airline industry and can't see the price recovering but wondered if anyone else has an opinion? + +EDIT: Thanks for everyone's replies it really helped me with my thinking. I'm still unsure due to issues highlighted below so only bought £100 worth of shares at 170.98 a share this morning +I am looking for some guidance on buying US ETF's. + +I am aware that ordinary investors in the European Union / UK cannot invest in US exchange-traded funds (US ETFs) because of PRIIP / UCITS. + +However, my broker [ig.com](https://ig.com) has a massive range of ETF's availible for purchase, like VOO, ARKK, SQQQ for example. + +Should they be allowing this? Is there any reason why they can offer these for purchase and are circumventing the rules? And what are the consequences I need to consider as an investor in terms of UK tax. + +Appreciate this is a broad question, but most things I've read online seem to point to the fact that my broker shouldn't even allow me the option to buy these ETFs. +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +There is a lot of good discussions here about winning stocks but can we also see some discussion around wrong picks, losses and strategies to recover from them? + +It would be greatly useful to newcomers like me. +I am 32 and (hopefully) on a path to fatFIRE. Work in tech, income has been steady at \~$600-700K for a few years now. My net worth is around $3M, pretty much all of it in the stock market. + +The only "problem" is that I have zero debt, and don't own any real estate. With interest rates set to hike and all the <2.5% 30-year mortgages on the edge of disappearing, I think it makes sense for me to utilize this credit line. However I don't plan to stick around in the Bay Area for too long, and so buying a house here as a primary residence doesn't make sense. I am happy renting for the foreseeable future. My options: + +1. Decide on where to live long term and buy a house there. +2. Buy a property (in the Bay Area or elsewhere) and rent it out, maybe with the option of moving into it down the line. +3. Buy a property in a "hot" vacation city and rent it out for short stints (think AirBnb or the like) and also occasionally use. +4. Do nothing, keep investing in stocks. + +Has anyone been in my situation and picked one of these options? I'm particularly intrigued by #3, since it seems to offer a lot of flexibility with low effort (assuming I can find a good management company to take care of things). What are your recommendations for my situation? +Throwaway for obvious reasons. In 2014 I invested $100k in a software company (idea at the time), making me a 5.1% owner. Today, they are doing a bit over $3M in annual recurring subscription revenue and are projecting continued growth as they break into different verticals. This is an enterprise software serving one of the largest industries in the US and world. The company is profitable and has been for the past few years. + +It is legally structured as a partnership so investors will largely receive payout at time of exit (acquisition, IPO, merger etc.), but we do receive annual distributions to cover our tax burden on our portion of revenues that ultimately go back into the company for growth purposes. + +Up to this point, I have not included this investment in my NW and I've largely considered the $100k to be a loss until I receive a payout. I don't leverage this ownership in any way. + +Given a broad revenue multiple range of 5-12X $3M revenues (it's not abnormal in the tech space to be far more outrageous), this gives the company a very rough valuation between $15M - $36M and my 5.1% stake to be between $770k - $1.9M. + +What are your thoughts on this type of investment and whether or not it should be included in NW? + +Edit: a word +For reference of my situation, I put myself through college while working full time and earning roughly $15 / hr, 40 hrs a week in an area with very low cost of living (up to this point I have been doing "fine" on this salary). I will now be making roughly $75,000 base with a large bonus incentive, along with a $5,000 signing bonus off the bat. I am $30,000 in college loan debt, but have no other real debt. Though this may not be relevant, I want to give some context as to how big of a jump this will be. However, general advice would be greatly appreciated as well. I just have never had money as an adult and I want to be sure I'm paying off loans / saving as much as I can / spending my income on things that will effectively improve my quality of life. + +EDIT: Wow, thank you all for taking the time to respond. The post has been locked so I can't respond to comments right now, but hopefully it opens up again soon. To elaborate more on some frequent questions asked below that I can't respond to: +- I drive a 65k mile Corolla and will drive that thing until it is dead +- Rent + utilities is in the $1000 range, max for my 3 bedroom apt. I live with my SO so we split a lot of payments. +- I am starting as an ES&A consulting analyst in a tech field. +- I plan on utilizing the full 8% 401K match offered by my firm, and will split other earnings with either on of my Vanguard index fund accounts for long term savings, or my high yield money mutual account for money that will need to be more liquid so I can easily pay off my credit cards in full every month. +Preface- If this is a problem you face, you are more fortunate than most. That being said, keeping your AGI below 75k for single filers and 150k for joint seems like the magic number for recent legislation and cost my wife and I 5k in COVID relief payments as well as Child Tax Credits. + +Story- This last tax season wife and I had AGI of about 145k for tax season. Called up Vanguard and converted our traditional IRA contributions to Roth for the year which put us at a total AGI of 158K. 2 Weeks later Congress passes a COVID stimulus bill with stimulus relief that start to phase out after 150k until being fully gone at 160k. So we lost out on about 5k of stimulus payments. On top of that with the child tax credit payments starting to hit bank accounts, again the full value begins to be phased out after 150k AGI. For us it was all to save paying taxes now on 12k of IRA funds.. + +**TLDR Was below stimulus payment cap, then converted IRAs and lost out on over 5k of relief payments.** + +Just another thing to keep in your scan when thinking about which retirement funds to contribute to and some unforeseen consequences in converting Traditional funds to Roth. +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” +So, backstory, I lost my job about 4 months ago when my company had a big layoff. I have been job hunting and sending out resumes, but just like fishing with no bait I am not getting any responses. I'm not sure what's up but I have been feeling pretty bad about not working, contributing, earning. I'm on unemployment right now which is juuuuuuust enough to help with my share of the rent and then a little bit left over. With the current inflation on groceries that little bit is even less. So to make ends meet I started going to the local food pantry where they give out free groceries every week. Even though it helps me out, I feel really ashamed being there. There are lots of moms and old people, people on disability, people with obvious mental health issues, people that look like they haven't had a job in years, and I'm like young and capable of work, and I feel like I don't belong there and it's wrong for me to be asking for free food. I'm in a weird head space right now, but I could just use some support and positivity. +# What is HODL? + +# HODL is the longest-serving and highest paying BNB double rewards (reflections & rewards) token in the history of crypto. You simply hold HODL to get rewarded with BNB and reflections. + +**Pros and Cons of HODL?** + +*Pros:* HODL has a great leadership team. Doxxed CEO/Developer and a vibrant community. It's already seen the ups and downs that many new coins experience and has weathered them incredibly well. See "Why HODL" and "Exciting Developments" below. Also, please investigate our Whitepaper and Roadmap links located near the bottom of this informative communication. + +*Cons:* In crypto, and specifically DeFi, there's a tendency for some investors to spend too little and expect unrealistic, massive, and immediate returns. As a group, we continually attempt to teach everyone patience, understanding, and reality is vital in controlling one's expectations and actual results from this type of investment and that their actual return on investment can vary due to constant changes in market conditions. + +**How to buy HODL?** + +We currently have 8 exchanges where HODL is available to purchase. Those include PancakeSwap, WhiteBIT, BitMart, LBANK, DECOIN, AZBIT, Coinstore, SukuSwap. PancakeSwap is the easiest way to purchase. Link below. + +[https://pancakeswap.finance/swap?outputCurrency=0x0e9766df73973abcfedde700497c57110ee5c301](https://pancakeswap.finance/swap?outputCurrency=0x0e9766df73973abcfedde700497c57110ee5c301) + +**Why HODL?** + +Rewards! Rewards! Rewards! You hold HODL in your wallet, and you get access to draw from thousands of $ every 3 days. You also earn daily reflections that build your bag and earn you even more rewards as it grows. A one-time investment could grow into an income machine if you just HODL. + +**How to claim?** + +The primary wallet we use is SafePal, but you can use any wallet that has a browser integrated (Trust, Metamask, etc). Browse to [https://hodltoken.net/claim](https://hodltoken.net/claim) in your wallet browser and click the connect button to connect your wallet. Once connected, it will show you the next available claim time. If your time has come, click on the Collect Rewards, pay the Binance network fee, and your BNB reward will be sent straight to your wallet. + +**Exciting Developments!** + +*About to launch DEX:* HODL is about to launch its DEX called HODLX, separate from PancakeSwap. Its own liquidity adds hand-picked projects for trading and collects trading fees to fill the reward pool. + +*Staking and Farming about to launch:* With the launch of HODLX, we will be launching staking and farming for you to stake and farm your HODL and earn rewards from what you have already purchased. + +*Adding utility to NFTs:* We are adding Utility to HODL Hands so simply holding a HODL Hand in your wallet will unlock something extra. + +*Launching the 4th line of HODL Coins:* We recently sold out of the Gold, Silver, and Bronze HODL Coins and are about to launch a 4th more affordable line of coins that will allow more people to acquire a piece of HODL history. With each coin sale, we will be performing BuyBacks with 10% of each purchase and donating 100% to HODL Forward, our non-profit initiative feeding families and clothing children at schools in Nigeria and other financially challenged locations. We will also be using 100% of the remaining amount to create YieldFarming revenue streams to fill the reward pool bringing more sustainability to your revenue streams. + +*Rewarded in Reflections, BNB, and Giveaways:* Every millionaire has multiple revenue streams. When you buy HODL you instantly create two instant revenue streams that bring you income - forever. Invest once and get paid for HODLing. As long as you HODL, you get paid. It's that simple. + +*HODL Store enhanced crypto payments:* We have integrated an even easier crypto payment solution for you to even one-click checkout with MetaMask. The HODL Coins will be added to the store, making it easy for you to claim your piece of history. + +**Tokenomics** + +**6% to Rewards**: 6% of the value of all buys is sent to the BNB reward pool. All holders can access their share of the BNB reward pool every 3 days! + +**1 % Reflections:** 1% of the value of all buys is sent to all holders in the form of HODL tokens. Reflections are sent continually, so your token balance is constantly growing! + +**2% Liquidity**: 2% of the value of all buys is sent to the PancakeSwap liquidity pool, increasing the price stability and ensuring that anyone who wishes to cash out can access their funds. + +**1% Marketing:** 1% of the value of all buys is sent to the marketing fund, allowing us to attract more investors from around the world. More volume ensures the rewards pool is sustainable and able to grow. + +**Whitepaper** + +[https://hodltoken.net/whitepaper](https://hodltoken.net/whitepaper) + +**Roadmap** + +[https://hodltoken.net/roadmap](https://hodltoken.net/roadmap) + +**BUY HODL:** [https://pancakeswap.finance/swap?outputCurrency=0x0e9766df73973abcfedde700497c57110ee5c301](https://pancakeswap.finance/swap?outputCurrency=0x0e9766df73973abcfedde700497c57110ee5c301) + +**TELEGRAM:** [https://t.me/hodlinvestorgroup](https://t.me/hodlinvestorgroup) (20k+ members, active community!) + +**BSCSCAN:** [https://bscscan.com/token/0x0E9766dF73973abCfEDDE700497c57110ee5c301](https://bscscan.com/token/0x0E9766dF73973abCfEDDE700497c57110ee5c301) + +**COINMARKET CAP:** [https://coinmarketcap.com/currencies/hodl/](https://coinmarketcap.com/currencies/hodl/) + +**REDDIT:** [https://www.reddit.com/r/HodlToken/](https://www.reddit.com/r/HodlToken/) + +**TWITTER:** [https://twitter.com/hodl\_official](https://twitter.com/hodl_official) + +**FACEBOOK:** [https://www.facebook.com/HODLtokenBSC](https://www.facebook.com/HODLtokenBSC) + +**INSTAGRAM:** [https://www.instagram.com/hodltoken/](https://www.instagram.com/hodltoken/) +Nvidia ([NVDA](https://finance.yahoo.com/quote/NVDA?p=NVDA&.tsrc=fin-srch)) [announced its fiscal Q2 earnings](https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-second-quarter-fiscal-2023) after the bell on Wednesday, missing on earnings per share and falling short on Q3 forecasts amid a slowdown in PC and gaming sales following the explosive growth the sectors saw in 2020 and 2021. Here are the most important numbers from the report compared to what analysts were expecting. + +* **Revenue:** $6.7 billion versus $6.7 billion expected +* **Adj. EPS:** $0.51 versus $0.53 expected +* **Data Center:** $3.8 billion versus $3.8 billion expected +* **Gaming:** $2.0 billion versus $2.0 billion expected + +Net income for the company fell 72% year-over-year to $656 million. Shares of Nvidia were down more than 2% following the announcement. + +Nvidia also announced Q3 revenue projections that fell short of expectations, saying it will bring in $5.9 billion in the quarter. Wall Street was looking for $6.9 billion. + +"We are navigating our supply chain transitions in a challenging macro environment and we will get through this,” Nvidia founder and CEO Jensen Huang said in a statement. + +Nvidia released its preliminary earnings on Aug. 8, warnings investors that the company was going to miss on its own expectations for the quarter as gaming sales continued to plummet. + +According to the company's numbers, gaming segment revenue dropped an eye-watering 33% year-over-year and 44% quarter-over-quarter. Fellow gaming companies including Microsoft ([MSFT](https://finance.yahoo.com/quote/MSFT?p=MSFT&.tsrc=fin-srch)), Sony ([SONY](https://finance.yahoo.com/quote/SONY?p=SONY&.tsrc=fin-srch)), Nintendo ([NTDOY](https://finance.yahoo.com/quote/NTDOY?p=NTDOY&.tsrc=fin-srch)), and others have also reported a drop in game hardware spending. +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. +Hello, +I'm looking to get a newer car as the one I currently own I've had for 9 years now and it's basically seen better days! +I was looking to see what peoples approach would be in relation to buying a new car very close to myself buying a property? +Say the new car was £10k and it would reduce my initial house deposit by £10k +* I could pay for the car in cash +* I could get a small loan for £5k and pay £5k in cash +* Is there any other options? Keeping the car is not an option in the scenario. +* I would not like to go down the PCP route +Google Authenticator (GA) does not sync with your google account! + +If your phone dies there is no way to get your 2FAs back. + +&#x200B; + +**You should backup your GA Account as fast as possible on another phone/device! This way the GA runs simultaneously on both devices.** + +&#x200B; + +But to be prepared for the extreme situation that both devices die the same time you can also print out your GA backup QR code. + +&#x200B; + +Guide: + +1. Open your Google Authenticator on your main device. + +2. Click on the 3 dots in the upper right corner and select 'transfer accounts' + +3. Select „export“ (choose the accounts you want to export) + +4. Now you should see a QR code. + +5. Take a photo of it if you want to print it (take the photo with another device so there is no trace of the QR code on the phone you are using GA on!!!) + +6. Otherwise just skip the above step and go get your 2nd device. + +7. Download GA on your 2nd device and choose to import an existing account. Scan the QR code your main device is showing. + +8. Done! Your GA now runs simultaneously on two devices. +Everyone is expecting this bubble to burst sometime soon, a lot of TA I have seen predicted this around the 280 mark but what with the Fed bazooka and unlimited ammo, we could cruise up to 300 or ATH before the long term pessimism kicks in. I’m not going to fight the Fed, but the doom and gloom is well documented and the market was already insanely overbought. With this in mind I’m bullish in the short term but extremely bearish in the long term for SPY. By June/ July I think we will have a much better idea of where this is going. + +With this in mind, I was considering a long term (60 DTE) straddle while IV is relatively low. Does this sound like a reasonable idea? +The rental market is crazy where I am, there is a “boom” happening so lots of people moving here etc so can’t get a rental but my sister offered for us to stay with her at her 1 bedroom rental. We’ve been renting out her garage for 3 days and turned it into a bit of a liveable bedroom. But we just came across information that said that a garage is illegal since it’s not a liveable room? Doesn’t have a window. Also what we’re doing is illegal since we don’t have permission from the property manager..yet, just have to work out to tell them the truth, or say that we’re staying in the lounge-room if that is legal. Can I have thoughts, otherwise we probs gonna be homeless. +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? +i got an email yesterday that my credit score had changed. i checked and my score had dropped 64 points. i had 2 unknown cards in my report. i knew about one of them awhile ago (it was opened in 2018) and asked her to pay it off and close it. that obviously didn’t happen. both of them are amazon cards, one store card and one visa. i called the companies and said family members had access to my amazon account and someone opened the cards without my knowledge. they closed both cards and submitted them to fraud to be investigated. i am worried that the person will get in legal trouble because of it and that is the absolute last thing i want. i am so hurt and angry about this. i don’t even know what to do or say to to them. i just want my credit score to be fixed and everything to go away. has anyone else gone through something like this? what was the outcome? +It's all employer paid, but at the same time I'm going to be taxed on it so I'm not really sure if it's worth it. Private healthcare is about 1k a year they pay, and healthcare cash plan is about 120 a year. + + +I'm thinking of keeping the cash plan because it will pay for opticians and glasses, but not really sure if it's worth it because I'm going to pay 20 percent in tax for the amount if I understand correctly even though I'm not getting paid more +Hello, + + +I am at a point in my life where I was to learn the Day Trading Skill. I want to trade like a professional, what I am NOT interested in is fake gurus selling a stupid course with a bunch of books, cars, and women. I am not interested in trading for 1 hour and fake 6t figures. + + +I want the real deal, I am willing to put the time and commitment into learning the trade, and trading for long-term results. + +So now that we got that out of the way where should I begin, any advice is greatly appreciated. + + +I will be using ThinkorSwim to learn the skill, I am not sure if it's free, but from what I have been researching, I can make a free account and then pay for extra features. +****** +Edit: +I understand that many disagree with me. That’s absolutely ok. But remember, we also have new people joining this sub. And it’s easy to get hyped. Some people may decide to do some stupid things that they haven’t calculated properly: like taking out a loan or borrowing money from friends and family to invest for the Dividend/stock split followed by MOASS. +What are you gone tell those people afterwards if the system manages to fuck everybody over again? + +Many of us are invested longterm. Many of us will sell during MOASS and never come back to GME. Some will sell during MOASS and buy back in later. RC knows that. We know that and the system knows that. He’s not doing anything for MOASS. He cares about GameStop and giving his employees an home and a company they can believe in. This is what his job is. MOASS is a byproduct which may happen and could help to reset the markets. But MOASS is not RCs goal. All his plans have nothing to do with MOASS but to get his company treated fairly in the market and every other company too. +******* + +******* +Edit2: +I appreciate the controversial discussions and that you all share your ideas and thoughts. I’m also aware that my opinion is not supporting the overall sentiment that some may expect to read here. +I wanted to share another view on my opinion: + +Without being disrespectful to anybody being in a bad situation: Imagine I would have started my thought with me being exhausted, being mental unstable due to being over invested in GameStop, because I took a loan, borrowed money from family and friends etc. and that all other hyped dates have disappointed me and my family. what if I would write about how depressed I feel and that even if everybody is hyped I’ll try to stay low and lower my expectations? That I wont put any hope in a big Event due to dividend or stock split to keep my rest of health safe. To not lose my mind? + +I guess you’re reactions and comments would be more supportive. It’s all about how people spin the narrative and what people want to read and how they want to connect to you. I’m fine with getting criticism and feedback calling my post FUD. But it’s on you how you react and most comments I’ve seen so far tend to be emotional. People may trick you in how they write their story. I’m not using any storytelling tricks to get your attention or to get you emotional attached to my post. My goal is to show you being emotionally disconnected from your investment can safe you some emotional downtime when nothing big happens 🤷🏼‍♂️ +******* + +I’m here since Jan 21. I went through ups and downs, through fud, promises and a ton of hopium. + +I’m still here and after more than a year I become zen with the fact that I’m a longterm investor in Gamstop. With or without MOASS. But especially without MOASS. + +And this is why I’m writing this. Regarding all prognoses, new implemented rules, posts, calculations etc. each and everyone of them made me smile and gave me a small boost of hopium. Which is important to have unless you are an experienced investor, market analyst or GameStop Board member who knows the fundamentals, understands the manipulations and doesn’t gives a fuck. + +I really love all those Stock Dividend posts, comparisons with Overstock and so on, BUT: + +VERY LIKELY NOTHING BIG MAY HAPPEN AT ALL! And this is no FUD. +And therefore be prepared to play this longterm. Adjust your expectations. If nothing happens you still should believe in GME and their vision. The goal is to change the financial systems, to crush all market manipulators with laws and or a heavy MOASS. + +Why I’m saying this? + +The goal is to survive one more day. This is Shitadels Mantra. +But this doesn’t mean that they only prepare for the next day. If they know the game they need to Analyse and calculate many scenarios. And I believe that a stock dividend is a scenario they played through many times. + +Just think about it. + +I’m positive as always that something amazing will happen, when the Dividends come. But I’m also positive that nothing may happen and I still will be part of this journey. + +The Mindset should be LONGTERM! + +This will help reduce disappointment and that’s important. Because being disappointed opens emotional doors to FUD and this could change your perspective. + +So always hope for the best, stay positive and take care of your mental health! + +Cheers +Nikkei 225 peaked around the 90s and hasn't recovered since. What's preventing the US indexes from a slump so large that even 30 years of stock development couldn't compensate for it? + +Right now I'm inclined to use Dollar cost averaging even though it's the "less effective" method. I used quotes because had some of my acquaintances used DCA, they wouldn't have panic sold during 2008. + +What's your take on this Reddit? :) +Hello there, + +Recently I posted a DD and an update to that DD, but since then quite a bit has happened and I want to update you all on what is happening! + +# Their current project: + +88 Energy Ltd, aka $EEENF, is an oil exploration company currently working on a well, Merlin-1, in Alaska, in the North Slope. This region is well known for its oil-rich ground. Last monday they started the spud, and within 4 weeks from monday we will get the results. When looking at the project as whole, which includes 2 other wells in the same area, 88 Energy is looking at a potential 1.6 Billion barrels of gross mean unrisked recoverable prospective resource. This is huge, but nobody can guarantee success! + +# What price can we expect?: + +It's really hard to come up with a realistic price target since this is a highly speculative play. I just like to call this stock a lottery ticket, but with multiple chances of winning. If news surrounding the Merlin-1 well is bad, I will still hold, as there multiple other catalysts coming in the future. + +To help visualise what is possible with stocks like these I will look at 2 examples: + +First we look at 88 Energy (this is the graph of LSE:88E) in 2016 after there was good news surrounding a previous project. More than 1000% gain in less than 2 months. + +[From Yahoo](https://preview.redd.it/5wt6wkpfw6n61.png?width=1086&format=png&auto=webp&s=f589c4d35e9ee28acf2555042a637fd2acc17d5f) + +As a 2nd example I will show the stock of MDMP, which recently discovered 13,6 million barrels of recoverable oil. 88 Energy could look at 100 times this amount of oil, BUT: MDMP does not only look for oil, they also operate the wells themselves. + +[From Yahoo](https://preview.redd.it/29n4dqpgw6n61.png?width=708&format=png&auto=webp&s=5a4cb0e06ea91a43c5ac91d464b6a149995b4f84) + +Honestly, I don't know what's feasible but good news will start an insane price jump without any doubt! + +# Last few days and new shorts: + +After 88 Energy announced that they indeed spudded Merlin-1 and reddit caught on, $EEENF nearly rose 100%. But, this quick jump has also caught the attention of some 🌈🐻's. Let's look at the data: + +[From Fintel.io](https://preview.redd.it/rxtilrjhw6n61.png?width=702&format=png&auto=webp&s=c18735ed7a35ac3ec6f08842344ed32069c637e6) + +The total Short Volume ratio of the last 2 days was close to 40% while the stock rose 100%. So even though it got shorted big time, it still managed to do well. Also, the total volume of the last 2 days has been the highest EVER. 88 Energy has not seen this much volume. Who knows how high it could have gotten without the shorts. + +Now, what do we know about the shorts other than this? Not much really. [Fintel.io](https://fintel.io/) reports a short interest of '5', but this number is from the 12th of February, so that doesn't help us. Do we know when they have to be covered? No, BUT: Only if you go full retard you will cover your shorts AFTER the results of Merlin-1. Why? The odds are against you, potential gains are little while potential losses are inmense. Bad news will no doubt push the price down but the potential losses for short sellers with good news are insane! We don't know when exactly the news will be published, so every day they keep their shorts is a day they might blow up. It's a ticking time bomb, but we're not sure if it's going off. If the total volume of EEENF starts to go back to normal again, it will be hard for them to cover the shorts quickly. + +On both LSE and ASX there are no shorts on 88E right now. I think that is a good sign as well. Investors don't want to short this stock out of fear it is going up. The only real reason $EEENF was shorted is because they thought they could profit off the hype train. Also, it'll be hard to cover since only 1/11 of the shares are traded on the ticker $EEENF. + +# Conclusion: + +$EEENF is a lottery ticket but before the news surrounding their current operation is published, the stock could rise substantially due to high short volumes during the last 2 days. The news will come within 3 weeks most likely. If this news is good, gains of over 1000% are not unlikely. + +Tickers: + +OTCMKTS:EEENF + +ASX:88E + +LSE:88E + +FRA:POQ + +***My position:*** *Currently holding 35000 @ €0.006* + +Please do your own research before you consider purchasing this stock. +**I have been asked this question a lot in the AMA's I have posted in** r/fatFIRE\*\*. I wanted to expand on the question a bit below and post here as well. Let me know if you want me to expand on anything else! Thanks! - mep42\*\* + +Prior AMA's: + +[AMA: I am a wealth advisor to high net worth individuals and institutions ($5M-$1B+)](https://www.reddit.com/r/fatFIRE/comments/mhxhsq/ama_i_am_a_wealth_advisor_to_high_net_worth/) + +[AMA: FOLLOW UP POST - I am a wealth advisor to high net worth individuals and institutions ($5M-$1B+)](https://www.reddit.com/r/fatFIRE/comments/n5m09a/ama_follow_up_post_i_am_a_wealth_advisor_to_high/) + +Does someone who wants to achieve fatFIRE need a wealth manager? + +The simple answer is no. The long answer is maybe. + +As a member of the fatFIRE community, you have already taken the reins on managing your wealth and planning for the future. For some, the idea of hiring a wealth manager seems excessive, too expensive, and simply not needed. For others, a wealth manager can bring assistance in the areas that you might not be as familiar with or simply give you a second set of eyes on your plans. Achieving fatFIRE can be a very straight forward process, but each person is different. Below, I have highlighted offerings that a wealth manager might offer and additional comments on what to look out for. + +1. Anyone you work with needs to build a plan around YOUR goals. + +a. Financial Goals + +i. Risk + Return Expectations + +ii. Accounts Structures - Trust / Estate + +iii. Philanthropic Goals + +iv. Future Generations + +b. Personal Goals + +i. Your vision of wealth + +ii. Confidentiality + +iii. Comfort + +2. Provide a framework to understand your financial life as it is today. + +a. What is your current risk profile? + +i. What does your asset allocation look like today? + +ii. Are you taking to much risk or not enough? + +b. What are your liquidity needs, how does your income effect asset allocation decisions? + +c. Tax situation + +d. What are your assets, liabilities, and current financial holdings? + +3. Build a plan for the future. + +a. Goal Setting + +b. Liquidity management to maintain your lifestyle. + +c. Risk Management – Will you hit your financial goals without taking excessive risk? + +d. Portfolio Construction + Implementation + +i. Implementation costs for the portfolio + +ii. Investment vehicles (Single name, ETF, MF) – internal fund fees + +iii. Best practice for asset class implantation ex. Bond funds or individual bonds + +e. Rebalancing + +i. Active management provides the ability to keep portfolio risk + return expectations in line to meet your goals. + +f. Tax Management + +i. Income + Estate tax planning + +ii. Tax-efficient + tax advantaged vehicles + +iii. Gain deferrals, tax-lot management, wash-sale avoidance + +g. Private Markets (Equity, Debt, Real Estate, etc) + +Above is the core attributes of what a wealth manager can offer their client. There will be differences and similarities and all these items can be different depending on the managers expertise. Regardless of what path you chose to take on your fatFIRE journey, there are a few things everyone should ask a financial advisor. + +1. Are you a fiduciary? I would only use an advisor who is a fiduciary. +2. How are you compensated? I would only use a “fee-only” advisor. +3. Have you ever received any disciplinary actions from the SEC? + +a. Review their form ADV from the SEC. [https://adviserinfo.sec.gov/](https://adviserinfo.sec.gov/) + +There are a plethora of reasons someone choses to hire and advisor, ultimately you need to evaluate if it makes sense for yourself. At the end of the day, the biggest reason most choice to hire a financial advisor is peace of mind. The client knows that there a layer of protection between their portfolio and markets, their own emotion driven decisions, and an experienced team focused on meeting their goals. +Every now and then I call the companies I use just to see if there are any promotions or anything that can help me out. + +Just by doing this I've gotten credit line increases (I'm trying to raise my credit score like most of you I assume) and actually got bonuses on my cards. I also got a better phone plan. + +It takes maybe five minutes per company but worst case scenario you're exactly where you are now. Best case scenario though you get some sort of benefit but asking never hurts. + +For those of you with phone anxiety here's a example of what you should say. + +"Hey there I was wondering if there are any promotions I should know about. Or anyway in which you can help me out. Thank you so much!" + +Just remember to be polite. Best of luck! +I rent a room in a flat in South London, however due to the COVID-19 outbreak I have moved to stay with family up north. + +Two days ago I got Furloughed from my job. I decided to email my estate agent to ask for a possible temporary rent reduction due to these unprecedented times and the fact that I was now only recieving 80% of my salary. + +The estate agents have send an email put to all tenants, saying they will reduce the rent to 80% for April and May, aslong was we provide 5 documents; + +1. Letter from our place of work stating we have been furloughed. +2. Our last two bank statements. +3. Our last two pay slips. + +I am happy to provide a letter from work, but the bank statements and pay slips seem abit of an invasion of privacy. + +Are they allowed to ask me for these? +Should I provide them? + +I'm afraid that they are doing it so they can see what rent I can afford (i.e. start charging me more). + +Any advice is appreciated! +Time and time again I am astounded at the level of critical peer review here. Headlines that get many of us excited are often disproven, or at least handed a heavy grain of salt in the comment section. While some of that may be mistaken as FUD, oftentimes what I see is generally very solid critique. What this shows me, personally, is that when there is legitimately positive news and substantive quantitative research shared here, WE KNOW that what we see is genuinely a reason to get excited about GME. + +In my few years trading stocks and my decade spent on Reddit, I cannot think of a single other community focused solely on one challenging thing (especially making money investing, double especially for subreddits focused solely on investing in a single security) that goes so far to dispel “good news” if, upon further, critical inspection, the substance of the news/research actually points to being sweet nothings at best, and misleading or downright false at worst. + +I know there’s a running joke here about how we’ve all gotten a “college degree” in finance from the University of r/SuperStonk, but as a graduate student with 2 master’s degrees, I seriously want to commend everyone here for upholding a culture of consistency and accuracy over blind faith and hype. The level of peer review truly is top tier as far as internet communities go. + +Our time is coming Apes! Buy and hold fellas, for Valhalla we come! +In tough times like these, it’s important to take a BIG step back and remember the plan. It’s pretty simple: buy low, sell high. + +I’ve been around the block a few times and let me tell you that the LAST thing you want to be is the last seller in a crash. Those people are the ones who give their money to the people who are investing correctly. I promise you, there will be a better opportunity than today for you to sell in the future. + +If you sold last week, congrats, buy back in now to lock in a nice gain in coins. The bottom is too hard to time, and it’ll probably happen in the middle of the night and get away from you before you have a chance. Then you’ll be waiting for it to come back down, then it’ll go above your sell price, and you’ll lose coins. + +If you haven’t sold yet or you don’t have any extra cash to accumulate, you’re holding on for dear life. There will be better days, do not let emotion make you lose focus. +I just started using stop losses last week and I am so mad at myself I haven’t sooner. As soon as I buy a stock I set up a stop loss. Every time it goes up , I increase the stop loss and when it inevitably goes down I walk away with a profit. Give it a shot and you’ll start loosing less money, I guarantee it. +I was going over past media coverage of $GME. You all remember this bit by Cramer https://youtu.be/toIi8kPU0m0 + +I noticed that he's not actually talking to us, the retail investor. Instead, he's talking to our family, friends and our social network. The people who tend to listen to him, the ones who want to be saved by the Fed Resrve and Wall Street. The ones who have so much to lose. Let's be honest, since when the retail investor turns on the TV to see his bits (maybe I'm wrong, tried looking up demographics for Mad Money with no avail - prove me wrong pls). His tactic (including the media) is simple "psychological coercion" in a way to build walls between us internally and between our loved ones and families. Like the other day a colleague of mine asked me "are you still buying that gme stock". I lied and said "nah I'm broke". He replied back "ya I wouldn't recommend this shit". + + +Source on psychological coercion: https://www.theneurotypical.com/psychological_coercion.html + + +How Do They Work? + +The tactics of psychological coercion often involve anxiety and stress, and fall into seven main categories (snippets of the ones that stuck out to me). + +2. Establishment of control over the victim's social environment, time, and sources of social support by creating social isolation; removing contact with family and friends who promote self-esteem, independence, positivity, and sense of well-being. Economic controls may contribute. + + +4. Forcing the victim to re-evaluate the most central aspects of his or her experience of self and prior conduct in negative ways. The victim is made to feel like a "bad" person. Efforts are designed to destabilize and undermine the subject's basic consciousness, reality awareness, world view, emotional control and defense mechanisms. The subject questions, doubts, and reinterprets his or her life and adopts a new "reality." + +5. Creating a sense of powerlessness by subjecting the victim to intense and frequently confusing, conflicting actions and situations which undermine the victim's self-confidence and judgment. + +My suggestion, don't tell anyone about your investments (including family) - keep everything private. when in doubt (hope by now you're not) keep coming back to the DDs and the wrinkled brains. + +More shares coming for me. This is just my opinion - do whatever the F you want to do. +Hey guys + +Just doing a sanity check to make sure I'm making the right decision. + +Some stats about me: aged 25, 30k in emergency fund, 50k in ETFs, 26k in HECS debt, 505k mortgage with 29.5 years of repayment left (if I don't make extra repayments) + +Current career: $110k a year (including super) - dead end job but steady 37.5 hours a week and permanent. I have no real interest in the job and there are no real progression opportunities (about a 4-5k rise per year). However, my team is lovely and I get to work from home 3-4 days a week. + +I recently got an offer for $137k a year (including super) but this is a 1 year contract. No guarantee of continued work after the contract finishes which is what scares me (given how much money I owe). Also, only 1-2 days/week WfH and there is going to be a lot more work (40-45 hour weeks). However, this is in my field of interest (policy work) and there are more lateral opportunities. + +If you were me, would you make the switch? If not, when will you switch? +We’ve have Budget direct for our home+contents and also car insurance. I’m getting increasingly annoyed that every year it seems that the premiums go up by an unreasonable amount for exactly the same thing. I’ve tended to offset the cost by upping the excess, which I don’t mind doing as we have an emergency fund and rarely make a claim anyway. But still, it seems to be getting out of hand. This year home+contents increased by $181!! + +Is this just a matter of “we have you anyway so we’ll milk you for everything we can”? Or is the insurance market really getting this bad across the board? + +Any perspective you can give would be appreciated. We’ve otherwise been happy with Budget Direct. +I saw a post in Thetagang where OP essentially said they're not using greeks, then started discussing the probabilities of their trades. The top rated comment was poking fun, and essentially said that delta IS probability. This isn't true and an important differentiation. In short, they're different formulas. They have similar components but they are not the same. So delta is commonly used as an approximation of probability but it most certainly is NOT probability. In shorter DTE lower volatility stocks its closer, the further out in time we go, the approximation tends to worsen. + +To demonstrate without going into the differential equation aspects, here's a practical example from today, I’m using SPX: + +21Oct22 expiry (8DTE) +\-3555P delta -0.4090 +\-Actual PITM is 42.47% +\--1.57% variance, small - but not the same + +Going further out in time: 15Sep23 (337 DTE) +\-3575P delta -0.3995 +\-Actual PITM is 50.07% +\--10.12% variance, meaningful difference and very much not the same +Preface: We allow Canadians to buy .4 Bitcoin quickly using debit. + + +As the title describes, yesterday we received a panic call from an innocent business owner who's business files (this virus targets AutoCAD, Illustrator, Quickbooks, powerpoint and other business file.ext's) had been encrypted by this virus. His staff and business were at a standstill until he could buy "Bitcoin" (which of course he had never heard of and this was such a great first exposure for him...) + + +Apparently, the virus gave him an address, and was requested a transaction ID proving he made the payment. He only has 30 hours to do so, and cannot sign up for exchanges etc. + +Has anyone else heard of this? It's TERRIBLE the more we think about it. + +We are extremely reluctant to facilitate this type of transaction. However we CAN help very easily using our system. + +If you goto a bank to take out ransom money to get a child back, is the bank complicit? One option we are considering is requiring a police report and approval, however we are simply fuelling this scam then... + +Thoughts? + +EDIT: Apologies to the community for the aggressive "Bitcoin Virus" title. We can't change it now, but we will be more careful in the future not to slander the Bitcoin brand. We were just upset at how powerful this ransomware could be. + +EDIT 2: Fast forward a few years - those attacks were common for a bit, but now security is stronger and taken far more seriously by consumers :) We are doing what we can: https://quickbt.com/pdf/20131010_QuickBT_and_cybercrime_requests.pdf +American cryptographer named David Chaum published a legendary article called “Traceable Email, Reverse Addresses and Digital Aliases” in 1981. + +In this article, Chaum described an anonymous digital payment system. In 1989, Chaum created a functioning digital currency DigiCash based on his protocol. It was a revolutionary technology that gave the world the concept of “blind signatures”. + +Blind signatures conceal the content of a message and use a combination of public and private passwords to confirm a transaction. Today, this concept is used in well-known cryptocurrencies in the form of public keys. + +This technology was way ahead of it's time as DigiCash Inc. declared bankruptcy in 1998 and subsequently sold its assets to eCash Technologies. + +Many of DigiCash's innovations laid the groundwork for the development of blockchain technology in the 2000s. + I made big money off XOM options leaps from Early January till Beginning of June and then I somehow thought it would be a good idea to Buy SPY calls before the CPI data report and lost it all (down 70%) I feel like im in denial now with the loss and still can’t believe it and feel depressed. I worked so hard this whole year to invest all that money into a company I knew was going to be successful and then threw it all away. +This is something that had grabbed my attention back in early June and I obsessed over it for a few days and then just tossed it to the side but I want to bring it up and get some help connecting more dots. I dont want to call this a DD by any means hoping for more of a Think Tank where we can talk this out together. Here goes nothin \*anxiety raises exponentially\* + +# Evergrande. + +Never heard of em until this post here by [u/XSOUL1337](https://www.reddit.com/user/XSOUL1337/) [https://www.reddit.com/r/Superstonk/comments/ny6k6r/ding\_ding\_junk\_bonds\_evergrande\_can\_people\_dive/](https://www.reddit.com/r/Superstonk/comments/ny6k6r/ding_ding_junk_bonds_evergrande_can_people_dive/) + +this video does a good job explaining the situation they find themselves currently in and it only gotten worse. Check it out, its only like 2:40 and lays out pertinent info. + + They are China's largest Junk Bond Issuer. If we dont remember what Junk Bonds are...well i got ya back homie \*Fist Bump\* + +"Junk bonds are bonds that carry a higher risk of default than most bonds issued by corporations and governments. A bond is a debt or promise to pay investors interest payments along with the return of invested principal in exchange for buying the bond. Junk bonds represent bonds issued by companies that are financially struggling and have a high risk of defaulting or not paying their interest payments or repaying the principal to investors." + +\*Default\* yeah my dude these are quite literally junk, and folks buy them. Well Evergrande is finding themselves \*DEFAULTING\* on their own debts now too. So Im sure you can see why its no bueno to see an extremely risky business model issuing HIGH risk bonds also defaulting on their own debt. + +Also, they are China's 2nd largest mortgage writter........\*yikes\* + +# Norchukin. + +[https://www.reddit.com/r/Superstonk/comments/mlyj5e/michael\_burrys\_japanese\_big\_short\_norinchukin/](https://www.reddit.com/r/Superstonk/comments/mlyj5e/michael_burrys_japanese_big_short_norinchukin/) + +This gem is what began this rabbit hole for me. Wowza. [u/Alarmed-Citron](https://www.reddit.com/user/Alarmed-Citron/) knocked it out the park. Big kudos. Check it out because its Supa Hot Fiya. + + Their TL;DR + +"**TLDR:** + +**CLOs and CSOs on the rise, quality declines, Japanese Banks own huge amounts of CLOs of good quality. Nevertheless, defaults are predicted to rise. There is still a huge conflict of interest regarding the ratings of CLOs (and probably all kind of structured derivatives)."** + +This is copied directly from their post and is important for the connection: + + **"Who is Norinchukin? Never heard of?"** \- [Nevermind, it's only a bank focused on agriculture, forests and fishery with total assets amounting up to 970,752 Million USD.](https://www.nochubank.or.jp/en/ir/annual_report/pdf/ar_2020.pdf) + +as of 31 March 2020. That should be 970 billion USD which is almost 1 trillion USD, if I am right. Nothing, right? + +**"How active is Norinchukin with CLOs?"** + +[As of 1st July 2020, S&P:](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/japanese-banks-warned-of-covid-19-impact-on-overseas-clo-investments-59253681) + +"Japanese banks, among the world's largest buyers of collateralized loan obligations, should be cautious about their holdings of such securitized products as default risk of underlying loans could be rising, albeit still low, amid prolonged pandemic disruptions globally, experts say. + +Although rising risk aversion have pushed prices of CLO notes down in the secondary market, which has led to unrealized losses for CLO investors worldwide, the Japanese banks are in a relatively better position, at least in the near term, as most of the notes they hold are rated AAA, experts add." + +**"Cool, they are rated as AAA. So they are secure."** + +[Same Source:](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/japanese-banks-warned-of-covid-19-impact-on-overseas-clo-investments-59253681) + +: "Japan's top CLO investor, Norinchukin Bank, told a press conference in May that it would refrain from investing in more CLOs. + +The bank, which manages assets for farms and fishing cooperatives, held ¥7.7 trillion of CLOs as of March 2020. It was down from ¥8.0 trillion as of end-2019 but up from ¥7.4 trillion in March 2019. + +**Although default risk of CLOs appears low for now, rising risk aversion among investors had led to an unrealized loss of about ¥400 billion of its CLO portfolio in the March-end quarter.** + +"Of course, there is the big risk of their \[the Japanese banks'\] CLO investments," said Makoto Kikuchi, CEO at Myojo Asset Management Co. *"Chances are high that even highly rated bonds will be downgraded," hit by recessions due to the prolonged Covid-19 interruptions.* + +*S&P Global Ratings recently forecast that the U.S. trailing-12-month speculative-grade corporate default rate will likely increase to 12.5% by March 2021. But if COVID-19 cases resume their rise later this year or early next year, the default rate could go up to 15.5%.* + +*JPMorgan, meanwhile, predicts a default rate for leveraged loans to just below 10% by the end of this year."* + +&#x200B; + +Why TF is it that these Financial Institutions CONSTANTLY expose themselves to so much damn risk?!?!? Oh and they also own 4,019,000 shares of SPY valued at $1,502,624,000 at the time of their last filing. (Sorry lost the link I'll take that L) + +&#x200B; + +# Dr. Burry. + +Ok so before dude bounced out in Feb. he changed his Twitter Header to this: + +&#x200B; + +https://preview.redd.it/ire3parz2kd71.jpg?width=1500&format=pjpg&auto=webp&s=01e7e1df400da76ebc4b99d4357011b16f9726de + + + + [u/Alarmed-Citron](https://www.reddit.com/user/Alarmed-Citron/) explained their theory above but I think Norinchukin is just a part of the puzzle. I think theres a lot more info in this picture. All of this typing is for this. + +&#x200B; + +"**What Dr. Burry knew on 2-28-21 the day he deletes Twitter:** + +Look at “The Buffett Portfolio” -Q4 of 2020 Warren Buffett Sells off majority of Bank stocks (sachs,JP.Morgan, Wells Fargo, M&T,PNC,Synchrony) Trimming US Bancorp and BNY Mellon but adding BoA(Why?) WF he’s held over 30 years! + +These actions were "financial warnings". + +"The Big Short" begins in Japan with Norinchukin + +They are extremely over Leveraged on their CDo's. + +This coupled with banks and other institutions Shorting Certain "Credit Derivatives"(10yr Bonds) and using the 0% interest coupon bond as a "structured Credit Product" + +Has Make a mess of the ON RRP. + +If we Look at the "Buffett Letter" From 2-27-21 He says to "Never bet against America" and these institutions have done just that. The downfall of the American economy. + +There's a tiny blue book that's hard to see, that book. "The Little Book That Beats The Big Market." Is that book us retail? The little guy finally getting a win? + +Lastly, "The Paradox"? How crazy of a thought for this to all be happening again. Its impossible right? Wrong. So very Wrong." + +I think he laid it out step by step how in his super wrinkle brain this was all going to play out, and it looks like dominos are starting to fall. + +&#x200B; + +OK! This is the most typing Ive done since college and I dont wanna do it anymore, plus this chair is uncomfortable and my butt is falling asleep and these are just a couple reasons why all of this is probably nothing and I'm rambling and you absolutely shouldnt take me spitballing ideas like this serious because as you can tell i didnt take my ADD meds in a while...K LOVE YA THANX BYEEEEEEE +Tesla bought 1.5 Billion in BTC and it completely floods the “new” page of this sub. Any decent post just drowns in the flood of karma whoring shitposts these days. It makes browsing “new” like sorting through a huge pile of garbage. + +I get that moons can be fun, but it ruined a huge part of this sub. +Sentiments of people play a major role in crypto markets,a trader can’t simply ignore sentiments on social media about the overall market. +We see thousands of conversations about cryptocurrencies go around on the popular social media sites like twitter, reddit etc,where people give their opinions about the markets. + +Multiple times you must have seen when market goes down people start to talk about the bearish prices and when the market goes up, people start to talk about bullish prices, these people’s conversations/emotions on social media plays a major role in driving the prices. + +Have you seen your favourite influencer tweeting about a coin and suddenly that coin goes 5-10% up? This is called sentiment, generally what happens is when an influencers tweet their sentiments among their audience then the audience follow blindly and buy that coin making that coin to increase in prices. + +Basically a trader need to understand the psychology of the market, how a market runs,how sentiments can influence the market in positive as well as negative direction. A trader has to keep an eye on all the conversations on social media/news/tweets of influencers to keep up to date about the market, yeah it will consume a lot of your time to study the market but it's worth studying if you want to become a successful trader and want to minimize the risk of loss in trading. + +Check these things to find out sentiments - +News from popular news sites. +Tweets from crypto influencers. +Conversation of people on social media sites. +Fundamentals of coin. +I’m relatively new to crypto but I think it’s really interesting. I’ve been learning a lot lately, I came across a Discord group that seems to be making a lot of money, it is called ''BigPumpSignal'' and I was wondering what you guys think about it? Thanks in advance. +I got into crypto a few days ago, bought some TRX and some IOTA. I didn't put a ton in, because I only want to dip my toe in for the moment being. Although, I am gonna start putting more in little by little, but that's not my point. + +I know some people can spend a few hours on Binance just actively trading alts for alts to come up with a profit. I want to know how to get into that. Thanks guys, and happy Cryptoing (or whatever.) +[https://www.bloomberg.com/news/articles/2021-08-19/onlyfans-to-block-sexually-explicit-videos-starting-in-october?srnd=markets-vp](https://www.bloomberg.com/news/articles/2021-08-19/onlyfans-to-block-sexually-explicit-videos-starting-in-october?srnd=markets-vp) + +So every simps favorite thot content hub is planning to remove explicit video content starting in October. This will leave the thots in shambles trying to think of ways to milk money from desperate perma-virgins. Of course the real conundrum is thinking of ways to profit from this in the market. + +So…: + +Ticker: CHD - Ticker Church and Dwight Co. Inc. operates in key segments including Consumer Domestic, Consumer International, and Specialty Products Division. The company offers a wide range of vibrators through its brand, TROJAN. + +Given the glut of stay at home (or never worked a real job in their life) young twenty somethings that are going to be flooding the market with used butt plugs, vibrators, and various other tools of their trade I’ll say 3-4 month out puts. Right now I have no positions but was interested in the discussion. +This is something that has been irking me for quite a while now. + +I have friends that I've told about Bitcoin to back in 2013 who only recently became involved because I had to tell them ***again*** that Bitcoin can be split down to 8 decimals places, ***and in turn, bought for sub-$10.*** + +Sometimes just saying "divided 8 decimal places" doesn't actually ring a bell in their heads, many need to be spoon-fed the concept. + +One of them set up a weekly buy of $25 the next day... + +There is a huge group of people who genuinely have a mild *(but enough to invest)* interest in this space that simply just don't know this. + +The [**top thread**](https://www.reddit.com/r/Bitcoin/comments/6igopz/spurring_a_lot_of_conversations_with_this_one/) currently on this subreddit only reiterates my point even further. + +***People just don't know.*** + +Some wallets have the feature but exchanges don't do anything to help support this. Price is displayed across the board in BTC and ***BTC only.*** A feature within a settings menu doesn't help anyone who isn't already informed. ***We need it displayed on your front pages.*** + +[**We need media outlets referencing milli-BTC in their headlines.**](http://i.imgur.com/9UU7j9K.jpg) + +I got involved in this space ***because of the price.*** Now I tend to look down on those who are only concerned about the day to day price movements, but how can I really be that hypocritical when I was once them and only learned more after being lured in the same way they are? + +How can you expect the community to grow as a whole without every facet of this community growing in proportion? You don't get long term holders and node runners without and influx of short term newbies open to trying to understand what all this hype is about. If the first thing they see and think is "That cost way too much for me to afford right now", ***we are going to stall until this change from within the community is made.*** + +From outside the box, this change is inevitable. Any outside (omnispective) observer would say "riiiiiiiiiight about....***here*** *(points finger on the timeline)* , is when you'll see that shift", but we're inside the box, so let's get this ball rolling. + +If you want to use bits (uBTC), be my guest. I'd rather start with something tangible. + +***$2.68 is tangible.*** + +Next Bitcoin roller coaster thread I see better say "mBTC $3.xx!" + +If you mess up I'll be making the corrected re-post. + + +[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/x3byy4/drscomputershare_megathread_092022/) + +>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! + +🏴‍☠️ [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/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I’m generally new to investing. I think that it might not make sense to assume that you will make an average 7-10% annually by investing in s&p 500 index funds. Who’s to say that the s&p 500 won’t start moving sideways like the FTSE and Nikkei? Economies change, and no one knows if America will continue to be a huge expanding economic power house. A future of more democratic and socialist politicians could reshape the US economy and make the rampant growth stop and begin stagnating. + +I tried to find out why the FTSE and Nikkei have been moving sideways, and i couldn’t find an answer. I also couldn’t find anything about why the S&P 500 won’t start moving sideways as well. If someone could tell me more about these things, i would love to hear about it. +Hi, I'll be enrolling in graduate school in 2018 for a 2 year Masters program. I've been working five years and should have $125,000 saved by the end of 2017. + +I've decided I'm going to invest the full amount and would like to survive to the extent possible off of dividends/coupons/distributions. There are two reasons why I'd like to work towards a strategy that involves fully investing and surviving off dividends rather than spending this money: + +First, if I spend say $30,000 out of $125,000 over the course of two years--rather than invest it--then I've missed out on potential growth in the stock market during that period. +Second, my medical condition really makes my future uncertain, and I'm unsure if I can survive the rough and tumble corporate work given a high degree of lethargy and narcolepsy caused by sleep apnea, severe bladder problems and insomnia (been to 6 specialists over 4 years with 0 solutions). So basically I have money now, and I'd like to invest in high yielding assets because I'm honestly unsure if I'll ever have this much money later on. + +I *think* I can survive off $10,000 to $15,000 per year because my car is functional and paid off, and I live with my family--although it won't be a luxurious life. So food, gas, clothes and possibly health insurance will be my only expenses. As far as tuition, its a cheap state school and I can get close to a full ride based on my standardized test scores and grades. + +Thanks in advance! + + +I'd like to get an 8-9% return on my money in as safe a method as possible. If it were you what would you recommend? Mutual funds? Any specific ones you'd recommend to get that return? +That’s my opinion, and it’s just that an opinion. It makes no sense how some of these were sold for 6 figures, sometimes even 7 figures+. The general public looks at this as a scam which some are. The public also reads headlines, and doesn’t look behind the curtain. I’m happy I’m early to something that is going to be huge. Buy, hold, drs, and take care of yourselves. +It was only 6 weeks ago that BTC reached its ATH of 64,863.10$. For many of us it feels like much longer and the past 2 weeks have been tough especially for people who only joined crypto this year (like me). Lets take a moment and remember that glorious day, April 14th, and remember all the people who fomod the top. +Dr. T brought our attention to [shareholder proposals](https://www.reddit.com/r/Superstonk/comments/s5o5k8/what_is_a_shareholder_proposal_the_article_shared/) 9 days ago. + +TigranMetz came up with a brilliant proposal and shared his [final draft](https://www.reddit.com/r/Superstonk/comments/s5ioe3/shareholder_proposal_gamestop_corp_should_open/) with the sub: + +> Shareholder Proposal: GameStop Corp. should open both Roth and Traditional IRA Shareholder Investment Programs at Computershare + +as far as I know it has not been submitted yet, and TigranMetz [said he can't](https://www.reddit.com/r/Superstonk/comments/s8ppey/apex_is_deregistering_ira_shares/htiqhen/?context=3): + +> I wrote up a draft Shareholder Proposal last weekend and posted it here for any enterprising apes to pick up and run with: https://www.reddit.com/r/Superstonk/comments/s5ioe3/shareholder_proposal_gamestop_corp_should_open/?sort=top + +> Unfortunately, I don't meet the share threshold to submit otherwise I would do it myself. + +Deadline is [February 9](https://www.reddit.com/r/Superstonk/comments/s99i5s/shareholder_proposal_is_the_way_to_iraroth_ira/): + +> However, there are procedures that dictate that a Shareholder Proposal must be received 120 days prior to the annual meeting in order to be included on the Proxy Card for a vote, which is February 9, 2022. + +between the Jan 28 anniversary and Cramer's latest meltdown, the proposal is not really getting the attention it should. Apex just shut down DRS and we suspect the custodian shares [are their locates](https://i.imgur.com/r1GOU1t.jpg) aka their Achilles heel. which means the proposal could be an absolute game changer, if we manage to submit it and not give in to the bystander effect. + +💎🙌 + +edit: pink checked with Computershare and got [this reply](https://i.redd.it/1wqz6w0ii2e81.jpg), hm. wut mean? + +edit2: update + +> me: does that mean the shareholder proposal for GameStop to support it is impossible? + +> pink: It would be up to Gamestop and the BoD to implement an IRA program at CS so without knowing the details, it wouldn't be an unreasonable request. Not impossible! + +not impossible! LFG🚀🚀🚀 +Last year, my friend signed a contract for $300. This year, she renewed it with 12 month fixed term contract for $330. + +It has only been a month since she signed it. Today, they sent her a notice of rent increase - the rent is going up for $500. The reason is that the price needs to match the neighbourhood prices (CBD area). + +The new rent is too big for her to afford, and she's concerned. What's her rights here? Can we challenge it? + +On her contract it says: +1. The rental provider needs to give at least 60 days of notice (they did). +2. Rent cannot be increased more than once a 12 months. +3. The rental provider must not increase the rent under a fixed term agreement unless the agreement provides for an increase by specifying the amount of increase or the method of calculating the increase. + +=> what they put in for method of calculating the increase was: +Weekly rent$ Divided by 7 Times 365 days divided by 12 month. + +Edit: thanks for your comments. Another thought, does their method of calculating the increase make sense to you? It's more of calculating her monthly payment +As mentioned - I'm the head tenant paying for a 4 bedroom apartment and collecting rent on the other 3 bedrooms. My rent expense is still greater than the inflow I get from the other sub-tenants - so should I still declare rental income to ATO? +I did a poll the other day and noticed a lot of people don't track there expenses, use excel raw data or pay for it using a software. I am curious to see if anyone is interested for a free dashboard which I think is better than a paid software. If enough people ask for it I just have to remove my personal details and send it to whoever wants it. + +I made a personal financial dashboard using Power Bi which is free, and I build some queries which categorises it based on my expenses. All you have to do is download a CSV file from my bank and the queries transforms it and provides the analytics. + +Your bank usually provides you with 2 years worth of data prior, so if you previously used pen paper/ excel you can double check your accounting skills and view your profits/ expenses/ income. + +To refresh you login to your bank account download it and copy paste then refresh the queries and that's that. + +&#x200B; + +I can give these to who ever wants but you will have to categories your own expenses using excel (my spending obviously isn't the same as yours). This will take you 10 ish minutes depending on how much detail you want to give it. You will then input the query but copy pasting them another 5 minutes. + +If you share a bank account you can also view it like mine and filter based on only your income/expenses. (the query filters based on the ending cc number or apple pay/google pay from your phone). If your the only user of your account its doesn't matter. I used one drive and set it up so that the csv is pulled online and I can share it with another person (dw about the technicality its fairly straight forward) + +Power Bi is fairly straightforward and self explanatory, you can teach yourself like I did and customise exactly to your needs + +Edit: I will provide an update tomorrow with the file and instructions on how to categorise. Thanks to user totoro00 for providing the format, I will try and get it to work with NAB. Currently it only works with Commbank (but they are all almost the same ) + +https://preview.redd.it/nhtvdsqc33891.png?width=1947&format=png&auto=webp&s=f15f25c857cc3af35f77a195abd397855e14c58d +Given the downturn in the stock markets, have people been investing in ETFs more, less, or around the same amount as last year? + +Asking as I'm investing around the same amount as last year. Kind of depressing though since the money has only seemed to be disappearing due to the downturn.... +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. + + +Just imagine this very possible scenario. You've invested in a coin, and it's went up 1,000%, you're all excited. Then when you go home to unload your bags and rake in that profit, you realize you left your phone behind and have lost it. You can no longer enter your exchange account. You then email your exchange, but it's futile, as it'll take a minimum of WEEKS before you hear anything. Your coin that went from making 1,000% profit, has just massively dumped, and you're now at a loss. How does that feel, knowing you could've made bank, but instead you forgot to back up your 2FA codes. + +This is just a heads up guide to those who may not be aware that your 2FA codes matter a ton, especially for most exchanges that could very well take months to get back to you (Bittrex, Coinbase, Binance) on resetting your 2FA code if you should ever lose your phone. + +Most people will often OVERLOOK the 2FA setup text code that is shown to you when initially setting up your 2FA. They see the barcode and they immediately go to scan it and proceed. When you lose your phone, that 2FA code (in text format, or the barcode itself) will be used to recover your 2FA authentication into your account. You should ALWAYS back up the code or take a screenshot of the barcode and save it somewhere safe, such as an external storage device, like an offline USB, that you could enable Bitlocker on and encrypt, or write the codes down on paper. If anyone gets ahold of your 2FA codes and your login information, your account is as good as gone. + +Another alternative would be to set up 2FA on a secondary phone as well. It's not uncommon for people to have more than 1 phone, such as myself. I have a secondary backup phone, that I can use as a secondary 2FA device (that never leaves home and stays offline) if I should ever lose my primary. You can actually just enter the same text code/Barcode into your secondary phone and it would still work just like normal. It can scale to unlimited number of phones. Just make sure you keep secondary/tertiary phones **physically secure.** + +[Google Authenticator](https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=en) + +[Authy](https://play.google.com/store/apps/details?id=com.authy.authy&hl=en) +I've been struggling with the idea of raising potential children when I'm retired early. It might be hard as a child to understand why your parents work or don't, and it's possible they could learn the wrong things from other children and adults, or even me, as a result. + +Do any of you have parents who are FI/RE? What lessons have you learned from them that you think have helped or hurt you for FI/RE? + +Would you be willing to share a bit about your background? + +* Do you have parents who were or are becoming FI, are they still? Do you plan to become financially independent? +* Did they retire early? Are they still? Do you plan to retire early? +* Were both parents onboard with FI/RE? +* How did you end up learning about FI concepts? From your parents or somewhere else? +* Any FI/RE lessons learned from your parents that stuck with you. + +--- + +To start it off, here is my background: + +My parents are not FI and are not RE. They have high income, but also high expenses. As a result, I never really understood that money was something to be saved, their income was high enough that at any moment we could buy most things, but without understanding the repercussions of debt and future bills. It took until I left to college and my 20's to learn even basic personal finance like not carrying credit debt and eventually FI concepts. I was able to teach my mum about some of these, and she is on her way to FI as well now. + +I would never have gotten as far without the financial support I received from my parents, however I've also seen other extended family never learn independence and are solely dependent on their parents. I could have become like that if some opportunities had not been there. A lucky mentor in a hard time, a lucky internship, the right techno-socio-economic climate. + +One lesson I learned from my parents on the topic of privilege: + +Even though our family is privileged, and thus have the luck to be handed many opportunities, it still rests on us to be capable of taking those opportunities, through things like the appropriate education, social skills, and physical health. +I used to think Twitter was for mindless idiots following celebrities, interested in what they're eating for lunch. However, within the last couple years I have joined Twitter and learned that Twitter can actually be extremely helpful in getting up-to-date news and insight from the people close to the action. It works great for investing and staying informed about the markets. I don't believe the 140 character headline is a substitute for real knowledge, but you can create your twitter so the people you follow have done the leg work and presented you with links to the information you should read. + +Some of the people on this list are the popular financial publications, traders, hedge fund managers, economists, CEOS, billionaires, venture capitalists, analysts, journalists, and general market commentators. Pick and choose who you want to follow, but I wanted to share my list for anybody wanting to get started. + +• @warrenbuffett +• @IvanTheK +• @Zerohedge +• @theflynews +• @JustinWolfers +• @ReformedBroker +• @StockCats +• @FerroTV +• @The_Real_Fly +• @MKTWgoldstein +• @LaMonicaBuzz +• @CNBCClosingBell +• @themotleyfool +• @CNNMoneyInvest +• @WSJecon +• @nytimesbusiness +• @WSJbusiness +• @adamfeuerstein +• @street_insider +• @BioRunUp +• @event_trader +• @fakeCNBC +• @MarkSchoenebaum +• @lx21 +• @WSJGraphics +• @WSJMoneyBeat +• @WSJpersfinance +• @WSJbreakingnews +• @WSJmarkets +• @WSJlawblog +• @WSJ +• @WSJCentralBanks +• @BioBreakout +• @lomu_j +• @SharonAConklin +• @SEC_News +• @247WallSt +• @federalreserve +• @YahooFinance +• @ukarlewitz +• @Stockstobuy +• @jimcramer +• @CIDRAP +• @pdacosta +• @FDAadcomm +• @elonmusk +• @BBGBillionaires +• @Carl_C_Icahn* +• @rupertmurdoch +• @georgesoros +• @boonepickens +• @UnreasonableEli +• @pierre +• @MarioGabelli +• @SmallCapPicks +• @standardpoors +• @ritholtz +• @50Pips +• @MktAntropology +• @MikeBergen +• @NYSE +• @PredatorTrading +• @NickTimiraos +• @WSJnumbers +• @WSJwealthreport +• @WSJheard +• @WSJdeals +• @FactSet +• @plungeprotect +• @TheEconomist +• @csresearch +• @CramersShirt +• @OptionsHawk +• @joe_palazzolo +• @BillGriffeth +• @Kelly_Evans +• @Don_King_Trader +• @MadMoneyOnCNBC +• @SoberLook +• @johnwelshtrades +• @Levie +• @msuster +• @sparker +• @FiveThirtyEight +• @QuoththeRavenSA +• @mcelarier +• @carlquintanilla +• @ArashMassoudi +• @OpenOutcrier +• @StockTwits +• @MelissaLeeCNBC +• @seemacnbc +• @herbgreenberg +• @davidfaber +• @tim_cook +• @juleshyman +• @michaelsantoli +• @MandyCNBC +• @SquawkCNBC +• @TimSeymour +• @Kaylatausche +• @BeckyQuick +• @JoeSquawk +• @KristenScholer +• @Openfolio +• @ScottWapnerCNBC +• @JeffMacke +• @marceloprince +• @BloombergDeals +• @Sama +• @carney +• @CNBC +• @business +• @Forbes +• @ReutersBiz +• @Benbernanke +• @NadiaSpeaks +• @jpmorgan +• @Barclays +• @CreditSuisse +• @MerrillLynch* +• @GoldmanSachs +• @DanaMattioli +• @trish_reagan +• @AJInsight +• @GCGodfrey +• @SaraEisen +• @TheChartress +• @Megtirrell +• @Marissamayer +• @ycombinator +• @mattintoronto +• @ozoran +• @MichaelStone +• @JamieHeller +• @GillianTan +• @telisdemos +• @RobertJShiller +• @Nouriel +• @John_Hempton +• @OwenCallan +• @markets +• @CNBCnow +• @Pimco +• @JanusCapital +• @DeutscheBank +• @TheDomino +• @Selerity +• @adamlashinsky +• @SquawStreet +• @travisk +• @ericbeebo +• @Benscent +• @CNBCWorld +• @LadyFOHF +• @Jolshan +• @Ryan_Knutson +• @tgryta +• @ShaliniWSJ +• @EricJackson +• @serwer +• @stevekovach +• @jack +• @Hedgeye +• @DavidSchawel +• @fullcarry + +*Edit: Correcting Spelling Error + +Adding: +• @ecb +• @WorldBank +• @wef +• @IMFNews +• @Lagarde +• @CFTC +Like seriously. WTF is wrong with this guy? + +I like him and stuff for all the work he is doing. Hell. I have read his biography and admire him deeply for all the work he is doing. He is my man crush too. + +However, I fucking hate him for all the DOGE shit he has been doing lately. So many people gonna get trapped and end up wasting their life savings in that crap. + +I checked top ownership wallet and more than 40% off stack is owned by one single wallet and 20% by top 10 wallets. All "normal" day to day folks own the rest 40%. + +[**HERE's THE PROOF**](https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html) + +Check one single wallet owning **36,812,356,144 DOGEcoins worth 2,636,273,792 USD** + +And, then right away imagine that guy dumping all at once. Other 20 addresses combined owns another 1.8 billion USD. + +Once these guys dump their load, it's gonna come massively down. Honestly, DOGE bubble is gonna burst heavily than GME bubble. That's what I and one of buddy who have been in crypto space for 9 years think. + +I think all of this is planned and highly doubt the top wallet owner is Elon himself. Guy has done many crazy shit in his life and I won't be surprised if he owns millions/billions worth DOGEcoins. Also, doubt top wallet owners are paying celebrities for pumps. + +Don't play with fire guys! Be safe with your money. + +PS: I went in during the pump a week ago and came out with 30%. Went again a couple of times because of greed and came out with -5% twice. Removed DOGE from my favorites in Binance and never looked back as it seems highly and heavily manipulated. +Hi, +So my car insurance is due in 2 weeks so I did a quote for my new house and my current insurer wouldn’t insure me and said I need to call up (can’t as you have to wait until 7 days before), so I went to a few comparison sites and did a quote. Surprisingly my current insurance (Hastings) would not show for any quote at all so I went with another company which ended up costing me £100 more. Just out of interest I just changed my name to a fake one and then suddenly the quote came down by £150 and all the Hasting insurance group ones starting showing again. Why would this happen? The fake name I used is James but my actual name is Robert. Checked my credit rating and it’s still good. Any ideas? +Thanks in advance! +Hi All, + +First of all, I’m a data scientist by profession but a history major by training. So I’ve tried to cite all relevant data points with a (<source>) tag. This allows us to separate debating the data vs. the analysis. I’m also a complete newbie to real estate investing. One of the main goals in fact of this post is to organize my thoughts so far and solicit feedback from more knowledgable individuals. + + +As part of a balanced portfolio, I've invested passively in real estate for several years (both public REITs and a small amount in a private platform). As my assets have grown and I'm entering the age to buy a primary residence, I've been trying to educate myself on the housing real estate market. After all, even if you don't own any investment properties the purchase of a home is the largest single financial transaction you'll likely ever make. In fact, if you look at the chart linked below (1, see Sources below) you'll see housing is the single largest asset for households with net worth below 1 million dollars, i.e. ~90% of Americans (2). In fact, even in 2010 (in the midst of the Great Financial Crisis): "The primary residence represented 62% of the median homeowner’s total assets and 42% of the median home owner’s wealth" (3). In fact, reading the Economist recently (obviously in my slippers) I was surprised to discover housing is the world's largest asset class. This HSBC report (avoiding the Economist paywall) cites housing as a $226 trillion (!) asset class at the end of 2016 (4) out of a total net worth in 2018 of ~$360 trillion according to Credit Suisse. + +&nbsp; + +Even with my casual research, it's clear that real estate is divided into multiple segments including residential, commercial, industrial, farm land, etc. Even the subsector of residential is divided into single family, multi-family, commercial, mobile homes, etc. These segments are further divided across geographies with wildly different tax, capital, and regulatory regimes. So far I’ve limited my research to the US residential sector: single family homes, multifamily, and small commercial apartment buildings. Therefore moving forward when I say real estate I will limit the scope to the above US residential housing market, i.e. acquiring individual or personal portfolio of US housing properties. + +&nbsp; + + + +More formally, the purpose of my analysis below is: + +* Understand my options as it pertains to real estate. E.g. is it better to consider “house hacking”, i.e. buying a primary residence and several investment units as part of a duplex, triplex, etc. +* Avoid making obvious mistakes in the purchase of my primary home + +* To summarize what I’ve learned and start to develop opinion about real estate investing more broadly as a complement to public equities investing + +* Broaden my knowledge professionally (my clients include large real estate companies) + +* Learn from the community! + +Note: I considered posting this in /r/realestateinvesting, but ultimately my goal is to evaluate real estate vs. other asset classes. Obviously some people will simply prefer real estate for a variety of reasons, but personally my goal is to achieve the greatest return for the least risk and work. I should stress that I love my career (data scientist) and have no intention of quitting, so the last point is particularly important. + +&nbsp; + + +**Analysis** + +&nbsp; + +One thing that immediately strikes me as an investor accustomed to public securities, e.g. bonds / stocks, is how odd the real estate market (in particular housing) is in comparison. Having a margin account from a broker, i.e. getting leverage, is often a difficult process reserved for “advanced” investors. In residential real estate, it’s considered “conservative” for an individual to have leverage of 4-5 to 1 (FHA loans, for example, only require 3.5% down in some cases!) . What’s even crazier is that the loan is often issued at only 2-4% over the 10 year US treasury rate. For example today, April 26th, the 10 year treasure is 0.606% while NerdWallet has a rate of 3.3% for a prime credit score, single family home, primary residence 30 year loan. + + + +&nbsp; + + +Perhaps because real estate is the only avenue available for newer investors to take on large amounts leverage immediately, I've seen extreme and, in my opinion, irrational positions on the subject. Even a cursory glance at BiggerPockets, /r/realestateinvesting, etc. uncovers multiple posts along the lines of either "real estate investing is the best investment ever!" vs. "the real estate market is a massive bubble and will crash soon". I've summarized a few of the common tropes I've seen below with my analysis. + + +&nbsp; + + + +> Real estate is a huge bubble, and is going to collapse any day! + +As noted above, real estate / housing has numerous segments that are further divided across geographies with wildly different tax, capital, and regulatory regimes. Saying that "real estate" will crash is like saying the “food industry” will crash. What segment and where? US soybean growers? Fast Food? Argentinian ranchers? McDonalds in particular? + +Limiting our discussion to US housing: the Case-Shiller national price index (7) shows that home prices dropped ~27% from peak to trough in the Great Financial Crisis over a period of almost 6 years (Mid 2006 to early 2012). The reason this was such a catastrophic event is that housing had never decreased nationally in a significant way before in the modern era (see Case Schiller home price index). Of course, it’s worth noting that housing had rarely increased rapidly against inflation before. + +Let’s assume we had an equivalent event occur. The Jan 2020 index was at 212, so home prices would decrease by 27% to ~155 (mid 2008 levels). Crucially though, this price drop would be expected to play out for years! During that time vested interests (more on that later) would lobby governments extensively for support, foreign and US investors could form funds to take advantage of the situation, etc. As a reference point there is ~$1.5 trillion available in US private equity funds alone as of January 2020. + +However, it is worth pointing out that this is at the national level. Local real estate markets, particularly those dependent on select industries or foreign investors, could easily see more dramatic price movements. The US census has a really cool chart (22) that shows the inflation adjusted (as of year 2000) median home values every decade by state from 1940 to 2000. We see that Minnesota home values actually dropped from $105,000 in 1980 to $94,500 in 1990, a fall of more than 10%. + + + +&nbsp; + + +> Everyone needs a place to live, therefore housing can never go down + +Everyone needs a place to eat, but restaurants and grocery stores are famously low margin businesses (5). Farms supply an even more basic need, but many go bankrupt (6). The question isn’t whether housing will go down or not, but whether it will return an attractive rate of return compared to alternative investments. + +It’s also worth pointing out that for most “retail” US housing real estate investors, they are investing in a narrow geographic area. Migration and births/ deaths can play a huge role in the need for housing in a given area. Case in point, NYC may have actually begun losing population to migration in 2017 / 2018 (23). Even more interesting, NYC has experienced a substantial loss due to domestic migration which is almost balanced by foreign immigration / new births (24). If foreign immigration decreases in the post-COVID we would expect NYC’s population to decline more rapidly given current trends. + +It is entirely possible for national housing prices to modestly increase while expensive coastal markets decline significantly, for example. + + + +&nbsp; + + + +> It's supply and demand. There's a nationwide housing shortage so prices can only go up! + +This one has some factual basis. Freddie Mac put out a study in Feb 2020 (18) which indicated that there is a shortage of housing units between 2.5 - 3.3 million units. Some interesting notes about this study is that they consider the “missing” household formation and extrapolate interstate migration trends. As noted below, the US builds ~1.3 million housing units a year, so this reflects ~2 years of housing construction. It’s also worth noting the geographic variation, with “high growth” states like Massachusetts, California, Colorado, etc. seeing ~5% housing deficits vs. states like Ohio, Pennsylvania, etc. seeing housing surpluses of ~2-4%. + +However, a Zillow analysis on our aging population (11) points to a slightly different conclusion. Based on their analysis, an additional ~190,000 home will be released by seniors between 2017-2027 compared to 2007-2017. That number increases by another 250,000 homes annually between 2027-2037. Combined, this is about ~50% of the average annual homes constructed in the US between 2000-2009 at ~900,000. + +Given these slightly conflicting reports, let’s get back to basics. First, let's separate housing into single family homes, multi-family units, and large apartment buildings. Single family homes, particularly near dense and economically vibrant metros, are far more supply constrained. In contrast, multi family units / apartment towers are, barring regulatory issues (see California), less constrained by available land. See Hudson Yards in NYC, the Seaport area in Boston, the Wharf in DC, etc. It's worth noting that due to costs / market demand most of these developments cater to the entry level luxury category and above, but they are new supply. + +I actually wound up looking at US Census projections to get a sense of the long term outlook. By 2030 the Census estimates the population will grow from 334.5 million to 359.4, for a total increase of 24.9 million or an annual increase of 2.49 million (8). In 2019 the Census estimated 888,000 private single family units and 403,000 units in buildings w/ 2+ units were constructed for a grand total of 1,291,000 units (9). The average number of people per US household is 2.52 (10). Some simple math suggests that if we assume each new single family home contains the average number of Americans and each apartment conservatively contains only a single person we get 888,000 * 2.52 + 403,000 = ~2.64 million. + + +Now, talking about averages in a national real estate market reminds me of a joke about Mars: on average it's a balmy 72 degrees. But the point still stands that at a high level, theoretical sense there is sufficient "housing" for the US population. The question, as always, is at what price and location? + + + +&nbsp; + + + +> Real estate is a safer investment than the stock market! + +This one honestly irritates me. While there are many advantages to real estate I can see, safety is not one of them. It is a highly leveraged, illiquid, extremely concentrated asset when bought individually (i.e not in a REIT). Let’s use an example here. Is there a financial advisoy in the world who would recommend you put your entire investment portfolio in Berkshire Hathaway? Of course not, diversification is the bedrock of modern personal finance. And yet Berkshire Hathaway is an extremely diversified asset manager with well run and capitalized companies ranging from Geico to Berkshire Homes to Berkshire Energy. Oh, and it also has $130 billion (with a B) in cash equivalents. + +I honestly think this impression stems from 3 factors: + +* Almost all asset prices have gone up (barring a few 1-2 month downturns) for 10+ years. There was also a shortage of skilled labor, capital, etc. that dramatically reduced the new supply of housing +* Survivorship bias. The people who fail in real estate tend to limp away quietly. The ones who survive and succeed tout their success loudly. + + + +&nbsp; + + +> You won’t build your wealth in the stock market + +One common theme I’m already noticing listening to podcasts, reading blogs, etc. is that many people started investing in the aftermath of the Great Financial Crisis (2009 - 2011). And, in retrospect, it was clearly a great time to buy property! But it was also a great time it turns out to buy almost every investment. + +I plugged in the average annual return of the S&P 500 from December 2009 to December 2019 with dividends reinvested (and ignoring the 15-20% long term tax on dividends) (12). It was 13.3%. If you managed to buy at the market bottom of Feb 2009 it was 15.8%! + +The long term annual average of the S&P 500 from 1926 - 2018 is ~10-11% (with dividends reinvested). (13). The S&P has never lost money in a 30 year period with dividends reinvested, see the fantastic book Stocks for the Long Run (14). In fact, if you’re investing before 30 the worst 35 year period (i.e. when you would turn 65) is 6.1% (15). + +Housing, in general, has tracked at or slightly above inflation ( 16). Even a click bait CNBC article (17) about “skyrocketing” home prices states that homes are rising 2x as fast as inflation (i.e. ~4%). If you look at the CNBC chart for inflation adjusted prices, you’ll see a compound annual growth rate (CAGR) of 2.3% from 1940 to 2000. Let’s do this same exercise again with the Average Sales Price of Homes from Fred (i.e. Fed economic data) (18). In Q1 1963 the average sales price of a house was $19,300. In Q4 2019 it was $382,300. That is a CAGR of ~5.38% over ~57 years. + +Another thing to keep in mind is that while real estate does have some tax advantages, there are also property taxes, maintenance, etc. + +But it’s harder than that. Because real estate is an illiquid asset. In general, illiquid assets require higher returns than +the equivalent liquid asset because of the inconvenience / risk of not having the ability to transact frequently. + + +&nbsp; + + +**Case study of real estate purchase:** + +I’d like to focus the rest of my analysis on an area that many members of BiggerPockets, /r/realestateinvesting, etc. seem to gloss over: credit. I was surprised to see that for first time home buyers, 72% made a down payment of 6% or less according in Dec 2018 according to (27). This would imply prices only have to decrease 6% to put these new homebuyers underwater, i.e. owe more after a sale than their mortgage. But this fails to take into account costs associated with buying a property, which are substantial at 2-5% for closing according to Zillow (28). Costs for selling a property are even more substantial, ranging from 8-10% according to Zillow (29). This means that sellers only putting down 6% could be underwater (in the sense that they couldn’t sell without providing cash during the sale) with even modest price decreases when taking into account these transactional costs. + + +&nbsp; + + +Obviously there are ways to reduce these costs, so let’s walk through a hypothetical example of the median valued home of ~$200,000. + +&nbsp; + + +A young, first time home-buyer puts down 10%, or $20k, and takes out a mortgage for $180,000. They also pay (optimistically) closing costs of 2% for $4000. Luckily, they bought in a hot housing market and prices increased 5% (real) over the next 5 years. Their house is now worth ~$255,000. They sell their house and again, optimistically, closing costs are only 4%. This means they pay $10,200. Consequently, after netting out costs we calculate naively that they would make $255k - $10k - $4k - $200k (original purchase price of home) = $41k. Given they only invested $20k of their own money, this is a compound annual growth rate (CAGR) of ~15.4%, which is handily above the S&P 500’s average. This is the naive calculation I first made, but as we’ll see it is deeply flawed. First, let’s look at costs. + + +&nbsp; + + +WalletHub has a really nice chart that shows (conveniently) property taxes on a $205,000 home across all 50 states (30). The average American household spends $2375 on property taxes, so let’s assume a little less and go for $1500. So 5 years x $1500 = $7500. + + +&nbsp; + + +For home maintenance, the consensus seems to be ~1% annually for home maintenance with wide variation. We’ll assume that’s $2000 off the base price, so $2000 * 5 = $10,000. (31). + + +&nbsp; + + +For homeowner’s insurance, Bankrate (32) provides a nice graph that shows the average annual cost for a $300,000 dwelling across all states and then a separate chart for costs based on dwelling coverage. For a $200,000 dwelling coverage we have a figure of $1806 per year, so over 5 years we have $1800 * 5 = $9000. + + +&nbsp; + + +Finally we need to calculate the interest on the debt. One thing that I didn’t realize until I looked at an amortization table how front-loaded the interest payments are. Case in point, I plugged in the $180,000 loan into the amortization calculator (34) using a 3.5% interest rate and saw that we pay on average ~$6000 each year in interest vs. only ~$3800 to principal. + + +&nbsp; + + +**So lets’s run the new numbers.** + +You sell your home still for $255,000. After 5 years, your mortgage is now ~$160000 (i.e. you paid off 20,000 over 5 years, or ~$4k per year). So after the sale you are left with ~$95,000. The buying and selling costs remain the same as before, so we subtract the $14k for $81,000. We also then subtract $7500 (property taxes), $10,000 (home maintenance), $9000 (homeowners insurance) which gives us $54,500. + + +&nbsp; + + +We paid ~$9,700 each year in mortgage interest + principle (~6000 interest and $3700 principal). So 5 * 9700 = $48,500. + +&nbsp; + + + +So, net of everything we get $255,000 - $160,000 (remaining mortgage) - $48,500 (mortgage payments over 5 years) - $14k (buying / selling costs) - $7500 (property taxes) - $10,000 (home maintenance) - $9000 (home insurance) = $6000. And we put down $20,000 as a downpayment, for a net compound annual growth rate (CAGR) of negative $21.4%. + + +&nbsp; + +That is truly an astounding result. We had 10x leverage on an asset that went up 5% each year for 5 years and we somehow lost money on our “investment” of a down payment? Keep in mind we also used fairly optimistic numbers (particularly home price appreciation) and didn’t factor in PMI, etc. On the flip side, this home provided shelter, i.e. you didn’t pay rent. That’s a massive “avoided” cost and I don’t mean to minimize it. But the point here is that many homebuyers I’ve spoken to fail to account for the substantial costs of home ownership and expect their primary resident to generate a substantial return. + + +&nbsp; + + +Now, of course, for real estate investing you would likely either a) hold the property for less time and attempt to flip it via forced appreciation or b) have tenants in the property. Let’s focus on b) because frankly that’s more of my interest. From what little research I’ve done flipping houses requires much more time that’s incompatible with my day job. + + +&nbsp; + + +I went ahead and used the rental price calculator I found online at (36) to calculate the return. I used a rent of $1300 monthly, a bit lower than the average national rent of $1476 (35) because our home price was also lower than the national average. I assumed a low vacancy rate of 5%, and no other expenses beyond the ones cited above (i.e. I didn’t assume property management, higher loan interest rate, higher property taxes). + + +&nbsp; + + +The calculator spit back a 5 year internal rate of return (a metric in this case useful to compare against the securities markets) of 27.79% return, i.e. a profit of $63k on an initial investment of $20k. The IRR as I understand it captures the time value of money, basically accounting for when you made various returns (37). E.g if an investment over 30 years pays nothing then gives you a lump sum payment at the end that’s very different than if it pays 1/30th of that lump sum every year. It’s useful in this case for comparing against the stock market because the IRR takes all future cash flows back to a net present value of 0, i.e. as if we invested all the money immediately. + + +&nbsp; + + +**&Now let’s do some scenario modeling (originally we had 10% down, 3.5% interest rate for an IRR of ~28%):** + +* Let’s assume we have to put down 20%: now we have a 19% IRR +* 20% down payment and a 5.5% (instead of 3.5%) interest rate: 14.7% IRR +* Home price appreciation of only 3% per year instead of 5% with 10% down payment: 20% +* Home price appreciation of only 3% per year with 20% down payment: 12.65% +* Home price appreciation of 0% per year with 10% down payment: 4.26% +* Home price appreciation of 0% per year with 20% down payment: -1.28% + +This scenario for me demonstrated a number of interesting properties. + + +&nbsp; + + +* Owning a home for even a moderate amount of time (~5 years) will likely not build substantial wealth unless there is truly massive home appreciation. The transactional costs are too high, the ongoing costs are substantial, etc. And of course I’ve neglected to include all the remodeling, furniture, etc. that every home owner I’ve met has spent money on +* With regards to real estate investing, home price appreciation covers up a magnitude of sins, particularly if coupled with a low cost of debt. Changing nothing but the home price appreciation changes the investment from incredible (28% IRR) to about 1/2 the expected return of the S&P 500 (4.26%) +* Real estate, whether investing or owning a primary residence, has limited to negative cash flow initially. The loan is amortized so that all early payments go to interest, maintenance is expensive, etc. +* To sanity check these figures, I went and looked at the SEC filings of Invitation Homes which owns 80,000 single family homes in the US. In 2019, Invitation Homes made ~$1.764 billion on rent + other property income while spending a combine ~$730 million on property maintenance + management.(49) . That’s about ~41% of the total property income, which aligns with the rental calculator above (rent payments fo 1300 vs ~$570 for maintenance, taxes, insurance, vacancy, etc.). That honestly makes me nervous however, as Invitation Homes theoretically has the scale to centralize and minimize maintenance costs. While I could certainly substitute “sweat equity” for some repairs, it strikes me that it would be foolish to assume my costs would be lower than Invitation Homes’ + + +&nbsp; + + +**401k analysis** + +As I mentioned above, one of the big questions around real estate investing that I rarely see asked is “is it an appreciably better investment than the alternatives”? For W2 workers, which is ~50% of private sector workers, this question becomes even more pertinent because 401ks have massive tax benefits. In fact, only 33% of US households own taxable accounts outside of a 401k, which means the vast bulk of US households either have no accounts, 38%, or own only a retirement account like a 401k, 29%, according to (39). Let’s assume we have a middle to upper middle class worker making ~70k (this puts them roughly at the 75% percentile). They want to invest, and see two options: + +* Invest $20,000 post-tax in a downpayment on a $200,000 investment property just like in the above analysis (we’ll assume closing costs just get baked into the final net gain) +* Invest the equivalent amount of post-tax dollars into their 401k. You can probably see where I’m going with this by the use of “post-tax”. + + +&nbsp; + + +At a salary of $70k and assuming you took the $12k standard deduction, you would still see much of your income fall into the 22% tax bracket. While certain states charge no income tax, they generally make it up in much higher sales / property taxes, so let’s also assume a 3% state income tax (40). This means that if you invest $19,500 in a 401k (the maximum in 2020) that’s equivalent to only $14,625 post-tax (because the $19,500 would be taxed ~25% before it got to you). That leaves almost $6000 when compared with the down payment figure above, which is coincidentally the exact IRA contribution limit for 2020! The math for deductions for the IRA gets painful, but we can assume a deduction of ~$1500 (i.e. 25% of 6000). Now, if your work offers an HSA it gets even better, because those contributions are tax-free even from social security (which is typically a 6.2% tax) + medicaid (1.45%). This means that if you contribute the $3500 limit, that’s equivalent to only $2300 post-tax. + + +&nbsp; + + +This is getting rather long, so for the sake of simplicity we can basically say that in lieu of putting down a $20,000 post-tax downpayment on an investment property you could instead invest $19500 + $6000 + $3500 = $29000 into the stock market. What’s more, fees for well managed 401ks through Vanguard, Schwab are often ~0.25% (i.e. $72 annually on the $29k above). + + +&nbsp; + + +If we assume the average S&P 500 index returns of 10% (we’ll ignore the $72 annually in expenses and of course there are no taxes), we would see $29k compounded over 5 years = $47,809. Since we’re investing the money all immediately, this is (I believe) more or less equivalent to the IRR rate. + + +&nbsp; + + +So, what do we need to achieve to beat that return with our investment property? Well, we previously assumed a blistering 5% real home price appreciation. With inflation at ~2%, that’s a nominal 7% home price appreciation. According to both Zillow and Core logic, Idaho is the state with the fastest home appreciation values pre-COVID at ~9%. We’re essentially predicting close to this level for 5 years, which is quite rare. In August 2019, US home prices nationally were gaining ~2.6% according to (41). + +Let’s plug those numbers into our rental property calculator from above. At a 10% down payment, 3.5% interest rate, and 2.6% home price appreciation we see an IRR of 18% per year. Game, set, match, real estate, right? + + +&nbsp; + + +Well, sort of. Right now we are assuming optimistic projections about maintenance (1%), closing costs (2%), and selling costs (4%). What if we bump those up to the averages cited by Zillow (3% and 8%)? Uh-oh, now we’re down to 12.38%. Okay, but what if we assume rent goes up by the same amount, ~2%? Great! Now we’re back up to 14% IRR. But if we assume all the other expenses like home insurance and maintenance go up 2% a year as well, we’re back down to 11%. + + +&nbsp; + + + +We could go on forever, but the point is that real estate (particularly for rental properties) are extremely sensitive to assumptions you make on a number of factors. Given the risk, illiquidity, and work involved with a real estate property I would want to see a substantially higher return than the tax advantaged, hands off 10% my 401k gives me. I didn’t even include the typical 3% match for the 401k, which would have added $2100 to the initial investment amount and increased the 5 year return to $51,272. + + +&nbsp; + + + +The bottom line in my mind is that for most W2 workers who have access to pre-tax investments, they should max them out first. If you’re lucky enough to be able to max out all of the above pre-tax accounts + get a 3% match (i.e. $31k total) every year, after 15 years at a 10% return you’ll have $1.2 million. In 30 years you’ll have $6.8 million. And again, keep in mind that maxing out your pre-tax accounts only “costs” you ~$20k, because that’s what you would get after taxes. And you’ll have “made” those millions without spending a single hour outside of your day job working. + + +&nbsp; + + +**Based on the above analysis and calculations, here’s what I’ve come away with as a newbie to real estate investing:** + + +* Real estate investing involves significant risk. Achieving high returns relies upon either significant home appreciation or accurately calculating several key inputs (rental rates, maintenance costs, etc.). The past decades strong home appreciation has likely saved some investors from faulty assumptions, simply because their highly leveraged investment increased in value +* Given the significant transaction, maintenance, tax, and other costs simply buying and living in a single family home is not guaranteed to build substantial wealth in the short term (i.e. < 10 years) even with significant price appreciation. +* The story of real estate investing is really the story of credit availability. Low interest rates, widespread credit, etc. allow investors to take on significant leverage and potentially achieve high returns. On the flip side, if credit tightens we could see substantial movements in real estate as valuations adjust to the more expensive or less available leverage +* Personally, I would want to see at least 12+% returns annually before I invested in real estate directly vs. a diversified stock portfolio. Potentially having a cash flow negative, illiquid, highly leveraged asset is a risk that I want to be compensated for by a higher return. Obviously there are many advantages to real estate I’ve not yet learned in depth about (e.g. taxes), so perhaps this premium will change slightly in my mind in the future +* If you’re a younger, W2 wage earning in the US with the access and ability to contribute to a 401k, IRA, and HSA you should do that first before even considering real estate investing. The tax advantages are immense, the time investment is essentially nothing, and historically you are guaranteed, at the absolute worst, a 6.5% annualized return if you wait for 35 years. Plus a well diversified 401k fund, like a Vanguard target retirement fund, may very well include REITs +* The exception here of course is doing something like house hacking, etc. where you are combining your primary residence with an investment. I’m not sophisticated enough yet to run the numbers there, but it seems reasonable on the surface + + +&nbsp; + + +**Some thoughts on the future:** + +Forecasting is always risky, but at the same time we all have to form an opinion on where the future is headed. My general thoughts are that crisis tend to accelerate existing trends rather than create new ones. There were already recession concerns in late 2019, and US GDP growth expectations had been downgraded to ~2.0% by the OECD even before COVID (45), albeit with slight optimism around the Phase 1 trade deal with China. Geopolitical tension and capital controls in China had led to mainland Chinese investors slowing their investments in US real estate and increasing dispositions (47). + +* While there is certainly a housing shortage, even in high growth states we see housing “deficits” according to Fannie Mae of ~5%. While this is clearly substantial, shifting migration patterns, regulatory changes, household preferences (e.g. telecommuting) could easily shift the balance. It’s far from certain in my mind that housing will remain supply constrained in the medium term (i.e. > 3 years) +* In December 2019, Zillow was already forecasting slowing home price and rental appreciation to modest 2.8% & 2.3% respectively (42) +* As of March 31 2020, Zillow now forecasts home price appreciation at -1.5% nationally. +* We are seeing tightening mortgage credit, particularly for jumbo loans that are essentially for high priced real estate markets (44). Mortgage services, i.e. non-bank companies like Quicken, have been hit hard by the mortgage forbearance regulations (although relief measures have been enacted) +* The CBO is currently forecasting the unemployment rate to remain >10% until 2021 (48). Even if that proves wildly pessimistic, it’s highly probably that the tepid wage gains of the last few years will slow further or even reverse +* Ultimately with slowing wage gains and reduced credit in the short term it is hard to see how consumers retain their purchasing power to drive rents / real estate prices substantially higher. +* On the flip side, central banks globally have injected trillions of dollars of liquidity into the global economy. This has driven down yields in traditional safe havens, e.g. investment grade corporate and sovereign bonds. The question becomes, where does this money go? Does it favor real estate over stocks? Does it lead to inflation, deflation, stagflation? +* Local & state governments are facing massive budget shortfalls due to dramatically lower revenues (e.g. sales taxes) and higher costs (unemployment insurance, healthcare, etc.). If the federal government does not backstop these revenues, will we see higher state / local taxes or cutbacks in services? +* As mentioned previously, the tax law changes of 2017 dramatically affected how individuals / households approach their federal taxes. In particular, it is now far less advantageous to itemize property taxes, state taxes, mortgage interest, etc. Mark Zandi (50) of Moody’s analytics provided some interesting analysis that suggested the tax law changes had already impacted higher cost markets. It will be interesting to see if these trends continue, accelerate, or reverse post COVID. +* The question now becomes how investors, particularly those who entered late in the cycle and lack substantial equity buffers, will deal with conditions. A V shaped recovery would likely see minimal disruption as investors are able to cope with disrupted cash flows for several months. A longer recession would see over-leveraged investors forced to short-sell properties +* I’m particularly struck by the fact that according to at least one source (27) ~72% of first time home buyers put down 6% or less. These recent buyers lack the equity buffer to deal with any material decline in housing prices, while the modest down payment suggests they may also lack substantial cash reserves to deal with an economic shock. +* There also seems to me a disconnect between commercial and residential real estate I don’t fully understand. Take a well capitalized and diversified REIT like Brookfield Property Partners. This REIT is currently offering a 14%+ yield. Of course many of their properties like urban office / retail space are getting hammered by COVID. But if we’re assuming that centrally located, urban commercial office & retail spaces are substantially less valuable than pre-COVID, what does that say more broadly about dense urban real estate? After all, if people work from home and don’t go out to commercial real estate spaces, why bother paying a premium in living expenses? + +From my point of view, I’m interested in seeing how the market reacts over the next 3-6 months. Do sellers react by rapidly putting properties on the market before it’s “too late”? Are there enough prime buyers given the tightening credit, particularly for expensive coastal markets, to absorb a spike in listings? As Warren Buffett once said: “"At rare and unpredictable intervals...credit vanishes and debt becomes financially fatal. A Russian-roulette equation--usually win, occasionally die--may make financial sense for someone who gets a piece of a company's upside but does not share in its downside.” We shall see. + + + +**Sources:** + +* (1) Asset allocation by net worth: https://www.getrichslowly.org/assets-vs-net-worth/ +* (2) Net Worth: https://dqydj.com/net-worth-brackets-wealth-brackets-one-percent/ +* (3) Housing Net Worth 2010: https://www.nahbclassic.org/fileUpload_details.aspx?contentTypeID=3&contentID=215073&subContentID=533787&channelID=311 +* (4) https://internationalservices.hsbc.com/content/dam/hsbcis/pdf/HSBC_Global_Real_Estate_Report_July2017.pdf +* (5) https://pos.toasttab.com/blog/average-restaurant-profit-margin +* (6) https://www.forbes.com/sites/niallmccarthy/2020/02/10/us-farm-bankruptcies-reach-eight-year-high-infographic/#3ec789b77de0 +* (7) https://fred.stlouisfed.org/series/CSUSHPINSA +* (8) https://www.census.gov/content/dam/Census/library/publications/2015/demo/p25-1143.pdf +* (9) https://www.census.gov/construction/nrc/pdf/quarterly_starts_completions.pdf +* (10) https://www.statista.com/statistics/183648/average-size-of-households-in-the-us/ +* (11) https://www.zillow.com/research/silver-tsunami-inventory-boomers-24933/ +* (12) https://dqydj.com/sp-500-return-calculator/ +* (13) https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp +* (14) https://www.riosmauricio.com/wp-content/uploads/2013/05/Siegel_Stocks-For-The-Long-Run.pdf +* (15) http://observationsandnotes.blogspot.com/2010/05/best-worst-35-years-in-stock-market.html +* (16) https://www.supermoney.com/inflation-adjusted-home-prices/ +* (17) https://www.cnbc.com/2017/06/23/how-much-housing-prices-have-risen-since-1940.html +* (18) http://www.freddiemac.com/research/insight/20200227-the-housing-supply-shortage.page +* (19) https://www.nerdwallet.com/mortgages/refinance-rates/30-year-fixed +* (20) https://www.cnbc.com/2016/08/22/the-sp-500s-new-sector-could-be-a-really-big-deal.html +* (21) https://www.cnbc.com/2020/01/03/private-equitys-record-cash-pile-comes-with-a-new-set-of-challenges.html +* (22) https://www.census.gov/hhes/www/housing/census/historic/values.html +* (23) https://www.wsj.com/articles/new-york-citys-population-dips-for-first-time-in-over-a-decade-11555560060 +* (24) https://www.nytimes.com/2019/04/18/nyregion/new-york-city-population.html +* (25) https://dqydj.com/net-worth-brackets-wealth-brackets-one-percent/ +* (26) https://www.visualcapitalist.com/composition-of-wealth/ +* (27) https://smartasset.com/mortgage/what-is-the-typical-down-payment-on-a-home-purchase +* (28) https://www.zillow.com/mortgage-learning/closing-costs/ +* (29) https://www.zillow.com/sellers-guide/closing-costs-for-sellers/ +* (30) https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/ +* (31) https://www.forbes.com/sites/juliadellitt/2018/06/20/why-you-need-to-adjust-your-monthly-budget-for-home-maintenance/#629567534a05 +* (32) https://www.bankrate.com/insurance/homeowners-insurance/homeowners-insurance-cost/ +* (33) https://taxfoundation.org/standard-deduction-itemized-deductions-current-law-2019/ +* (34) https://www.amortization-calc.com/mortgage-calculator/ +* (35) https://www.rentcafe.com/blog/category/rental-market/apartment-rent-report/ +* (36) https://www.calculator.net/rental-property-calculator.html +* (37) https://fundrise.com/education/blog-posts/the-limitations-of-internal-rate-of-return-irr-for-predicting-investment-su +* (38) https://www.cnbc.com/2018/03/12/how-many-americans-dont-have-access-to-a-401k.html +* (39) https://www.finrafoundation.org/sites/finrafoundation/files/A-Snapshot-of-Investor-Households-in-America_0_0_0.pdf +* (40) https://www.thebalance.com/state-income-tax-rates-3193320 +* (41) https://www.corelogic.com/blog/2019/10/lower-priced-homes-had-the-highest-annual-appreciation-in-august-but-also-the-largest-slowdown-in-appreciation.aspx +* (42) https://www.zillow.com/research/2020-predictions-26100/ +* (43) https://www.zillow.com/home-values/ +* (44) https://www.washingtonpost.com/business/on-small-business/wealthy-mortgage-borrowers-face-cold-shoulder-from-lenders/2020/04/21/eb5a23bc-83e7-11ea-81a3-9690c9881111_story.html +* (45) https://www.oecd.org/economy/economic-outlook-weak-trade-and-investment-threaten-long-term-growth.htm +* (46) https://www.ft.com/content/3c5d0292-8c50-11e9-a1c1-51bf8f989972 +* (47) https://dailyhive.com/vancouver/mainland-china-real-estate-investment-forecast-2020 +* (48) https://www.cbo.gov/publication/56335 +* (49) http://www.snl.com/Cache/IRCache/cb52653b7-0b66-b946-8eed-1641a4c7cbd3.html +* (50) https://knowledge.wharton.upenn.edu/article/tax-changes-hurting-housing-market/ +When you short a stock, you borrow the stock from another party and immediately sell it, hoping the price will drop and you can buy it back, pocket the difference, and return the share. + +Every day that you don’t buy back the share, you have to pay interest (borrow fee). This fee has been increasing drastically, as you can tell by the recent posts. + +The smaller players either don’t have the capital / criminal resources to sustain shorting, or have calculated that with the current fees and price action, it won’t be profitable to keep those positions open, so they are closing their shorts. + +The bigger players, most of which who have _huge_ short positions, CAN survive these fees in the short term - or have (illegal) resources to avoid / defer them altogether. + +Additionally, even if they wanted to, they CAN’T close their short positions because even _starting_ to do so would create too much buying pressure and start MOASS, preventing them from having enough money to close the remainder of their shorts. + +TLDR: Today’s mini run-up coincides with the recent higher borrow fees. One possible explanation is that smaller hedge funds are closing their shorts while they can, since borrowing is getting too expensive. +I work as a PM at a HF and am planning to FatFIRE in 2 years. Our firm has a policy that 20% of your bonus is invested in the fund, which vests over 3 years. Curious if other people have had experience getting their company to let them keep their deferred comp even though it hasn’t vested.....in my case I won’t be going to a competitor so would think that would help things...just trying to think of ways to not let 600k go up in smoke. +*Update: I want to say I genuinely appreciate the candor and thought everyone is putting down in their responses. There are some odd assumptions being made here and there that are off the mark. There's also some great insights that make me uncomfortable and that's how I know they're resonating with potential growth. Thanks for being a great mirror everyone.* + +&#x200B; + +I have a problem with financial independence that I haven’t seen discussed here before. Lots of people seem to hate their jobs or careers but I actually love what I do. What I hate, eventually, are the organizations I work for. The reality is that all organizations have problems, so it’s not reasonable to be this way. But since I’m financially independent and I don't want to retire I can choose to work wherever I want under whatever conditions I want; I’m stuck in a single cycle. Rather than humblebragging this sub with numbers I’ll get straight to the problem and I’ll describe that cycle in phases: + +Phase 1 – Honeymoon + +When I start a new role, I spend the first 8 or so months having a great time learning everything about how the organization works. I build spectacular relationships and rapport throughout the company because my genuine learning attitude is appreciated. People think well of me, and I think well of them. I use my cross-functional knowledge to get some real good groundwork done, and set the foundation for a great roadmap. + +Phase 2 – The First Stumble + +In every single role I’ve taken on, I have always had a clash with an individual over a project somewhere at the end of the honeymoon period. I spread my wings and assert a position. The best comparison I have is like the old adage of entering a prison and taking on the first person to mess with you to set an expectation to the rest of the inmates. It’s a single moment in time – a single day. I have never backed down from this altercation, and I’ve outright lost only once. This is an important milestone because it’s where the disillusionment begins: this is where I typically remove my personal effects from my desk, review my financial status in detail, and begin to plan an exit strategy. This is because I know I will not back down, and would rather leave than lose. This all-in attitude is likely why I win here, but it’s the true formation of the cycle… + +Phase 3 – The Calm Before the Storm + +I’ll pick off a bunch of meaningful achievements. I’ll make progress. I’ll line up and knock down good projects. I’ll do it for a year, sometimes more. I leverage my relationships built during the honeymoon from a perched position that I’ve found stable in “The First Stumble” and then I’ll get things done. I know my position well, and I execute. I’m happy here again for a period of time. I make some real long-term plans with the company and have next to no issue getting anything I need approved. I execute here and things have normalized. + +Phase 4 – The Dark Knight + +Not to get overly dramatic, but I’d base this on the Dark Knight quote “you either die a hero, or you live long enough to see yourself become a villain”. After a long string of accomplishments, what I’m doing just becomes normal. Nobody sees it as exceptional anymore. I see that while I am performing very well and given a wide berth, it’s actually a dead-end. In my particular field, there’s not really a way to get promoted in-place. I’m already brought in at the top level for my field, which is typically middle management. So, I see a dilemma: if I stay I have no forward direction to go, and in fact I only go down in reputation. I’m not going to get promoted. What was once an amazing thing is now normal for people around me. They start to ask for more, become unreasonably demanding, and I realize I’ve painted myself into a corner. I start to disengage – why bother when they don’t really appreciate it? They appreciated it before, but now it’s just not the same. + +Phase 5 – The Ragequit + +This is a true spiral at the end of the cycle. As I disengage, people begin to challenge me and my teams. Why is performance so low? And I’ve performed a multitude of methods over the years- candor about the lack of respect/appreciation, ignoring the criticism, improving performance metrics significantly again, taking a leave of absence to clear my head, and even sticking through and maintaining the status quo for years. I’ll say none of it works, because I am financially independent. Eventually I say “fuck you money” and I write up my resignation letter. I always start by fantasizing about how I’m going to do it every time someone shows me the slightest disrespect. Then I try to convince myself not to do it- to wait until some project or some timeframe passes. That’s how I know I’m at the end: like I am right now. It’s only a matter of time now, and it’s always less time than I try to force myself to stick to. I tell myself to wait, so I know it’s only a matter of time. Then all the various multitude of methods I described run through as I try to buy time. Sometimes a new one, sometimes one of the old ones. I want to believe I can keep working with this organization and appreciate the role I play here. But I’m on borrowed time, and eventually I serve up that resignation letter and relief pours in. People are confused because I once again quit with no new job lined up. + +The problem I have is that since I love my career and want to continue to develop myself, I don’t actually appear to be developing at all. This is the same cycle over and over again. It’s actually caused by FI because I don’t have to stay in the roles I’m in: I don’t have to put up with this shit. + +It also makes me look unreliable when I can’t stay in a role for more than 2-3 years. I build these 5-year roadmaps and I’m not around to execute the whole thing. Since I want to enter the executive level of management, I don’t think I can keep doing this. I don’t know how to do anything else, though. + +This desire to excel has been consistent which is why I keep re-entering the workforce. I keep ending up with the same results. Has anyone else had a similar issue or have some advice for breaking this pattern? +Looking into adding monitors to my laptop trading setup. It’s always cumbersome with a single monitor and looking to expand the viewing area. There’s a few setups that attach a screen to each side of the main laptop screen. Since this is a mobile set up I can travel with, that’s the best style for me to consider. + +Does anyone have any experience using these for their trading setup or input on any of the brands out there? I’ve seen Trio, SideTrak and some other brands. Aside from, size, cost, refresh rate, and resolution - anything else you feel you need? Any quality comments? + +Thanks for the input- hope y’all are having a good weekend! +I’ve been holding back on posting this because i dont wana get fucking roasted but fuck it and fuck you all, i need to tell someone. + +I told my mom to let me borrow $9k and that I could easily flip it and i’ll pay her back plus a $2k fee. i fucking lost it all. i don’t know what to do anymore. i want this to end. i feel so fucking numb. my mom has been harassing me for her money and i’ve been avoiding her. + +i’m seriously considering changing my phone number and hiding out at a friends house until she forgets or something. someone please tell me it’s all gona be ok. please tell me you’re going through worse or something idk i’m so scared and alone right now my obsession with this has pushed almost all my friends away from me and i don’t know what to do. i can’t stop drinking either. i’m seriously considering taking my guitar and playing it on the subway until i recoup $11k + +edit: stop reporting me to reddit saying i’m gona self-harm +Are any of you invested in low profit/break even businesses as a side simply because you enjoy them? + +I’m a huge movie buff, specifically foreign/arthouse films. I understand with the rise of streaming, new barriers to entry (like heating and massaging/4Dseats) and being in relatively low population area, I don’t anticipate this venture will launch my net worth to the next level, but due to proximity to multiple universities, and completely non served art house market, running the numbers I’m pretty confident break even is possible, and loss can be sustained for a long time with revenue from personal ventures. Recently an opportunity arrived to take over a community beloved theater, who’s owner no longer spends much time in the state I reside and wants to get out of the headache of restarting after being closed for Covid. Having experience in film licensing, and restaurant operations to handle the complexities of high end concessions, I’m working towards pulling the trigger. + +This will be the first venture I go into where profit is secondary to the sheer amount of joy it would bring me, and was interested in hearing about other FATFire members’ experiences with “passion projects,” where the happiness you get from operating exceeds the potential for growth. +I had an 8 figure liquidation event recently for a business I spent 15 years building. I decided to keep a small ownership % and am staying on as C level exec, but will no longer be the man in charge. I’m happy to retain a decent salary/benefits so that I don’t need to use the proceeds to handle my day to day cash flow. Everything is awesome! + +I am struggling a bit with reminding myself I shouldn’t care so much when I notice things are done without my involvement or not being asked my feedback. I sometimes go check my bank account balance to make me feel better. I’m not sure how much is ego vs habit. Ultimately I took the deal to take pressure of myself and spend more time with the family and these thoughts have been a little counterproductive. Has anyone else been in the same boat and can provide some feedback or advise? + +Thnx +Are any of you invested in low profit/break even businesses as a side simply because you enjoy them? + +I’m a huge movie buff, specifically foreign/arthouse films. I understand with the rise of streaming, new barriers to entry (like heating and massaging/4Dseats) and being in relatively low population area, I don’t anticipate this venture will launch my net worth to the next level, but due to proximity to multiple universities, and completely non served art house market, running the numbers I’m pretty confident break even is possible, and loss can be sustained for a long time with revenue from personal ventures. Recently an opportunity arrived to take over a community beloved theater, who’s owner no longer spends much time in the state I reside and wants to get out of the headache of restarting after being closed for Covid. Having experience in film licensing, and restaurant operations to handle the complexities of high end concessions, I’m working towards pulling the trigger. + +This will be the first venture I go into where profit is secondary to the sheer amount of joy it would bring me, and was interested in hearing about other FATFire members’ experiences with “passion projects,” where the happiness you get from operating exceeds the potential for growth. +Hello everybody, + +When it comes to investing, it’s always best to build a balanced portfolio. Are you looking for growth stocks, dividend stocks or innovation disruptive stocks. + +What’s your top 5 long term stocks to buy and hold for the next decade? + +EDIT: Also tell me your reasoning for your 5 stocks, that you would hold for the next 10 years. + +**For example AAPL has been up 1,000% within the past 10 years.** +Seriously, I'm at a loss to understand the current psyche. I see/hear folks jumping in to buy property at crazy prices (like over 10 times pre-tax salary). We are at the start of a very bad recession, as govt. help is wound back demand will fall and this will start a vicious cycle...... it is staring at us and no one seem to give a damn! I mean c'mon is it so hard to read the signs? + +Against this backdrop, I'm simply lost seeing FHBs and young families cough-up 30 years of their future earnings to buy a lousy piece of property (for the same amount of money, you can buy a whole lot more in decent suburbs in the US). The irony is that these same folk have the smarts to sniff out great bargains for phones/sports equipment/etc but when it comes to making the biggest financial decision of their lives they seem to lose all their wisdom. + +With this post I'm really looking to the reddit to help me understand what the thinking is of people making these decisions at this point in time. + +It would be really great to hear from folks who have recently purchased RE. What am I missing that you see? +For those that are wondering what’s gone so horribly wrong the last 8 days with Spaceship’s Universe Portfolio, I would just like to let you all know that I dropped my first investment in on 17Feb. + +I’m sorry + +I’m the kind of guy who would have been the reason Winx lost her first race if I ever bet on her. +Hey Guys, + +Would just like to know what did Ben Graham mean by this: + +Topic - BONDS + +1. **Interest had been earned over three times in 1927**; an average of about 4.5 times in 1922–1927; and not less than three times in any year of the six-year period. +Seems anti-buffett-like. + +Is he implying staying in equities/instruments that are liquid and therefore you can move quickly within them instead of always looking for extremely long investments that are liquid? +As part of my valuation of companies I compare the cash and cash equivalents from the balance sheet with the current portion of long-term debt. (On 10 k's going back 10 years while doing a free cash flow assessment). Most of the companies I have assessed so far have more cash and cash equivalents on their balance sheet than the current portion of their long-term debt. This makes sense (to me) as it means that even if they have a bad year they're not going to have a liquidity crisis. Recently I assessed a couple businesses that do not have enough cash and cash equivalents to pay off the current portion of their long-term debt. It would appear that they are going to fund their debt payments out of funds from operations. I am thinking this is something of a risk; basically the company is prioritizing dividends and share buybacks over business stability. Does anyone else check this metric and what are your thoughts on it? +Currently trying for a bachelors in Accounting but I don’t know if that’s the best path. I think Computer Science or finance would be strong candidates, but CS doesn’t really interest me and finance seems like a bad pick. If what interests me is value investing, what degree paths are best? + +edit: Thanks everybody for all the great replies. After some thought, I think I have settled on an accounting major. I’m currently enrolled in a smaller college where accounting is really it, and my strategy is gonna be working at that until maybe I can get a scholarship and go to uni. There I can choose to either continue accounting or switch to a finance major. Getting there is a goal and if I want it, I have to earn it. +I have investing for quite a few years and I think I have adequate knowledge about it. I am primarily focused on fundamental analysis and employ either a deep value investing process or growth at a reasonable price. I am currently trying to read all I can about valuations and about different investing approaches + +I have been investing for a few years. I rely almost exclusively on fundamental analysis and mostly use a combination of different valuation metrics and processes. + +I have also within the last year and a half used options, mostly the Wheels strategy and have been learning about buying Call and Put LEAPS and using things such as credit and debit spreads. + +I have heard that some value investors such as Michael Burry, Seth Klarman and others have incorporated short selling at one point or another or currently do. + +Most recently I have been reading about short selling strategies and using these strategies on the opposite side of the trade. I am just about to finish reading *Dead Companies Walking* by Scott Fearson and am planning to read *Selling Stocks Short* by William O'Neil and Gil Morales. I also want to read a few other books such as Michael Lewis' "The Big Short." + +I thought that Scott Fearson's book was fascinating to read and I like the case studies that he presents. The only problem I have with his book is that I was hoping that he was a bit more informative and went into detail about what to look for in quantitative and qualitative terms such as items in the financial statement or key ratios to look. Instead, I feel like he was just mentioning things on the surface and although you got a glimpse into short selling it wasn't much in depth. + +Are there any other short-sellers in here? What are some good resources and anyother place to learn more about short selling? Are there any key criteria that you abide by for a good short? What type of risk controls do you implement? Does anyone look at fundamental analysis or any macro economic event that you look for shorting? Are there any technical indicators or trend line patterns that you use Do you short individual stocks or stick to ETFs? +I'm new to investments and trying to decide which is best strategy. I'm 34yrs old and 100% disabled with no earned income. Im not allowed to work, but still need to invest in my future. Should I be investing in long term growth, or value to build up my money? + +Also, which 3 EFTs do you suggest? +Hi, + +I keep hearing and reading that Banks and financials are very complex and harder to understand than other sectors. I was wondering if anyone could explain why these are so complex and if anyone could help me understand for future reference. + +Best. +Just like the title, I am wondering how you would go about trying to find free cash flow for banks, the cash provided by operating activities is easy to find. But at least for Bank of America, there is no PPP&E or CAPX to subtract, to find Free Cash flow. Any ideas? +In December The Fed said they wouldn't change rates for another year, the interest rate at that point was ~1.75%. With the pandemic going on they've dropped the rate to below 0.25% (which might as well be zero). It makes me think (speculate) that there's nowhere to go but up... But when? And then What then? + + +My question for you fine folk is: If/When the interest rates do go up, what does that historically mean for Value Investors? + +Thanks! +As part of my valuation of companies I compare the cash and cash equivalents from the balance sheet with the current portion of long-term debt. (On 10 k's going back 10 years while doing a free cash flow assessment). Most of the companies I have assessed so far have more cash and cash equivalents on their balance sheet than the current portion of their long-term debt. This makes sense (to me) as it means that even if they have a bad year they're not going to have a liquidity crisis. Recently I assessed a couple businesses that do not have enough cash and cash equivalents to pay off the current portion of their long-term debt. It would appear that they are going to fund their debt payments out of funds from operations. I am thinking this is something of a risk; basically the company is prioritizing dividends and share buybacks over business stability. Does anyone else check this metric and what are your thoughts on it? +Immediately, the numbers are very attractive. + +31% yearly revenue growth over the last 4-5 years. + +53% yearly EBITDA growth over the last 4-5 years. + +16 EV/EBITDA + +8 PE + +Those are the numbers that pop out for me. However, I don't know much at all about pharmaceuticals, so it's outside my circle of competence. The only health care company I hold is QDEL. Anyone like this company? + +Edit: looks like about 50% of their recent revenue came from covid related services. I guess that's what stopped it from rallying after its impressive year. In that regard, it's similar to QDEL. +I had some significant gains this year in stocks. So far about a 150% gain and almost 200k in profits on a stock. However I don’t want to actually sell the stock because I consider it a long term dividend stock for me. I do have other debts about 7 percent so I was thinking I take margin against my account to turn to cash to pay off other debts. Would the around 7 percent I be paying my broker for the margin for pay off my other debts be tax deductible? +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +I am struggling with the use of Enterprise Value for a retail investor, especially the use of metrics like EV to EBITDA. I understand the calculation. I understand that different industries have differnent median EV / Market Cap depending on capital structures (high for Utilities, Oil & Gas, Airlines and low for Insurance, BioTech, Publishing). I also understand that individual companies in an industry will have a range of EV / Market Cap. Other than perhaps helping to identify takeover targets, how can I use EV and its derived metrics in a meaningful way when analyzing the attractiveness of a potential investment. + +Asking for a friend :-) +Hi everyone, + +Banks are quite different from other companies and looking at their finances I must say as a new investor that i'm a bit lost. + +Surely the method of valuation for a bank should be different too, what is yours ? +I’ve considered opening my own investment fund, simply to associate my own returns over time with a name that I can market in the future should the portfolio perform well. + +Any important considerations or perspectives on this? +For example, how does anyone buy oil & gas companies right now when there is so much uncertainty? I’ve heard a lot of $70 boe assumptions but how do they come to that conclusion? Is it a hunch? +Hi all, + +I'm struggling to find the answer to this from Google, likely I don't know how to search this. But I wanted to know if anyone has examples of adverts/commercials posters/billboards about investing in the stock market from just before the dotcom market crash or during the dotcom bubble period? + +Thanks in advance. +Was talking to a colleague of mine and he was once fully on board buying up SPAC type stocks but after losing 80% of his investment he is now delusioned and fully admits that they were a scheme to transfer wealth from dumb retail investors to insiders. + +I think he bought CLOV and SOFI. + +Now that investors hate SPACs, I think it's a good time to take a second look at them. + +Are there any SPACs with higher insider ownership of the stock/large insider purchases of the stock, a healthy balance sheet with little debt, that are cash flow positive, with projected growth, and a history of meeting or exceeding guidance? +Before deciding to invest, be honest, how many hours do you put into research? + +Do you read articles that other people who have done research have written? + +Is opening up earnings reports and looking beyond P/E ratio, EPS and all the other metrics worth it? + +The analysts have already done the research. You think you’re smarter then them? + +I have a hot take. + +90% of you don’t do more than 3 hours of research tops per stock. How much can you really look into? + +I want to learn how long this initial research should take. Obviously keeping up with stock news and numbers is a must. But off the bat, how much research do you do before you decide to invest? + +Be honest +Turnaround stocks have the highest IRR and are an ideal investment vehicle for value investors. Special situations also fall under the turnaround category due to optionality. Quantitative Value and Deep Value by Tobias Carlisle provide a definitive empirical evidence of turnarounds succeeding over the long horizon. + +So given that we often uncover ugly companies with beaten down stats, how do you analyze them for a potential for turnarounds. + +Here are the key things that I look for: + +1) Cash flow management +2) Management Changes +3) Business Strategy Changes +4) Valuations (expectancy) +5) Activist ownership +6) M&A in the sector +7) Industry catalysts and the company’s positioning + +What else have you found to work? +Hey all, + +I'm super new to ValueInvesting so be easy on me. + +With tons of speculation and tons of liquidity being pumped into the market today. How are you all still able to find the value stocks within this market? +I'm considering selling (for loss) a few assets I've got stuck bagholding to increase cash availability for selling theta at lower prices (in the current market). This includes CLF (cost basis 20/share), TLRY (cost basis 3.95/share), and MPW (cost basis 14/share). + +Any experiences is going to asset holding to cash holding and selling theta? + +My thesis is to try and gain more premium as cash flow, manage margin on existing assets, and create potential new Wheel positions at much lower cost basis. +I just learned about the ZEBRA strategy (buy two 0.7 delta calls, sell one 0.5 delta call) and am confused about how it achieves stock replacement. I checked the profit/loss on the way up, and it’s very similar to buying 100 shares (1.0 delta). Yet, when adding up the deltas of the calls (0.7 + 0.7 - 0.5) I get 0.9 delta. + +Can someone more experienced than me explain how the ZEBRA achieves a 1.0 delta? + +For reference, I was looking at buying 2 $F 13C ($1.27) and selling 1 $F 14C ($0.68). +I'm 22. My portfolio is 20k in cash on monthly dividend etfs/growth etfs. But I want to add 5k more in margin in a little cash generating stock I can sell CC on weekly, stable and fairly safe but not overly boring/decent premiums. In your best opinion what should it be. You can peep my portfolio in my last post if you're interested. +I've been holding 2000 shares of PLTR at just over $34. As the price dropped a bit I wasn't bothered because I could net 1-3% a week return on selling CCs. Then it seems the whole options market just died out! What happened?! I cant tell if I should sell and move to greener pastures, or keep holding and writing calls with a small premium, only screwing myself if there's a spike in price. I know PLTR is a long term play, I just want to farm along the way! +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. +tastyworks / tastytrade allows you to follow professional traders and copy their trades. Is there a way to see their past performance? Is it a good idea to copy them? + +&#x200B; + +&#x200B; + +&#x200B; + +https://preview.redd.it/gtmrv0kmtar41.jpg?width=597&format=pjpg&auto=webp&s=f1eb708ac304d024494eb310147f74ac6e7240ca +Crypto is at the end of the day a shared record ledger. That’s it. + +Regarding that other popular post, this doesn’t mean Ticketmaster can’t charge us ridiculous extra fees for facilitating concert ticket sales because they work with the people who own and operate the venue. Not the artists. + +This has nothing to do with centralization and it has nothing to do with the form of currency they’re ripping us off in. + +Crypto won’t solve asset seizure or sanctions. + +It’s not designed to help you evade your taxes. + +It’s not going to “dethrone” fiat currency because it’s not a competition. + +Crypto is a tool like the internet is a tool. It’s one component in a large machine and can be used to serve and to fuck us, usually at the same time. + +We aren’t going to replace governments with a crypto backed DAO because the problem corrupt governments isn’t that we don’t have a shared ledger. + +Anytime there’s a problem and you think crypto can solve it, consider what the problem actually is and what having access to shared record would solve with respect to that problem. + +Media blackout in your war torn country? Crypto doesn’t solve this. PayPal, gofundme, etc stopped processing your cash? Unless you can exclusively pay all your bills and be paid in crypto, it won’t help you there either. + +At the end of the day, remember what blockchain is. It’s a decentralized ledger. It’s a SQL database that everyone can see and no one can modify. Only it’s slower and consumes far more resources than a single SQL server. + +Unless the issue is ultimately rooted in ineffective record keeping, crypto doesn’t really solve it. +(UK) girlfriend has randomly had CCJ without her knowledge + +Me and my girlfriend are currently trying to move house and have been told by an estate agent about a CCJ from February this year. + +we have found some info on it and the notice would’ve been sent to an address she hasn’t lived at for 2 years & also the building has since been made inhabitable for anyone. + +Is there anyway to sort this out relatively quickly or have it be set aside for the time being so we can get a new flat? Thanks I’m advance for any advice +I just want to clear up a small misunderstanding i'm seeing. A lot of people seem to think that CS is just rubber stamping shares with "registered" +status..and that there is nothing really physically stopping them from registering more than the float other than their fiduciary duties. + +There is something stopping them. + +When you make a DRS transfer, it shows up +as a "DTC stock withdrawal." This is not an accident. + +As the transfer agent, CS maintains a ledger of where ALL the issues shares are. This must include a ledger of all the shares held by the DTC. + +The DTC are scum bags that then allow trading between DTC members of fake rehypothecated IOU shares which is what we all have in brokers. + +When you initiate a DRS withdrawal for X shares, your broker says "hey DTC, customer wants to withdraw X shares from the system." The DTC identify X of their real shares (that were issued by CS), then the DTC send those real shares back to CS to be registered in your name. + +It basically forces the DTC to honor their promise that their IOUs are as good as shares. It allows you to exchange out a counterfeit DTC IOU for one of the real bona fide shares. + +This cannot continue indefinitely. Once the DTC run out of real shares, they wouldn't be able to submit the DRS back to CS..so the DRS attempt would fail. + +Your broker would notify you that DRS failed. If you ask CS why it fails, they would probably just say "we didn't receive anything," because it actually failed on the DTC end when they were trying to locate a share to send back to CS. + +This is why CS cannot simply register more shares than the float. CS don't have the ability to issue new shares, and the DTC IOUs don't count as real shares outside of the DTC system. + +The DTC are panicking right now because they are being forced to give all their real shares back...and once they run out, their big counterfeiting scam will be exposed...and everyone will know that all the counterfeit IOUs being traded by brokers "as if they were shares" have zero real shares backing them with the DTC. + +TLDR. It's a countdown to 0 DTC shares that physically prevents CS from over-registration, not a "count up" to the float. +I got a call from a collection agency about 30 minutes ago and they wanted payment for an electric bill for a company out of Oregon. They said I owe about $900 and that the bill has been due since last July. + +Problem is, I live 1500 miles away, never even been to Oregon, never even known anyone from Oregon. I understand maybe people have the same name as I do. I don't have a common first name but a very common last name. When I tried to explain this to the person on the phone, they said I could either pay them immediately or they would come tow my car. + +At this point I was shaking as my car is how I get to work, school, and everywhere else. Then they told me I owed the money and to "do the right thing" and pay immediately if I didn't want to be left without a way to get around. + +I hung up and started crying, they can't actually tow my car can they? +A month ago my spouse's grandfather died and left his house to his only child, my mother-in-law. She already has a house and offered to sell his house to my spouse and I at half-price. This is very exciting to us as we've been renting a cramped apartment for the past 15 years. Buying this house at half-price (which ends up being under $100K) is really the only way we'll probably ever be able to buy a home. Also, MIL says we can keep whatever stuff we need to set up house, like any furniture or appliances that are already there. + +However, I worry there's a catch somewhere. It just seems too perfect. My MIL even offered to update the roof and gutters before the sale, which is wonderful. Generally it's a well-cared-for house though some items may need updated down the line. It is small and reasonable to maintain. + +Right now my spouse and I make a combined net income of $35,000/yr and I admit I know next to nothing about buying or owning a house. Any pitfalls I should look out for? + +**EDIT**: If this house is sold to us at half-price we'll be paying around $60-80k. + +My MIL is a very generous and non-smothering person who does not expect things like babies or surprise visits (side thought, if this was FIL would these questions even be raised?). Good to think about every angle I guess. + +Also, I maybe should have added that my spouse's grandfather left a good chunk of money to us (this is not including the house), so if we take the house we will use that money to update everything we can to prevent any unforeseen expenses. + +$35K/year isn't a lot but we're working our dream jobs which is more important to us. We've saved a lot of $$, have zero debt, work from home, and know how to live frugally. I'm not too worried since we live in a fairly inexpensive area. Thanks to all for your advice. + What up Apes, + +Its your boy [u/Dan\_Bren](https://www.reddit.com/u/Dan_Bren/) back with the mid-week update. Today there was a huge wave of DEEP OTM Puts purchased from a multitude of exchanges with many returning from last weeks purchases. + +[GME Biggest Options Trades 6-23-21](https://preview.redd.it/jua6a8cbh4771.png?width=1131&format=png&auto=webp&s=bef305027a8629df21ef6d76debcb3ebffc66962) + +As you can see from the data set above there was a massive wave of Puts purchased between 11am-12pm today. The main strikes we saw action on were the $20, $25, and $30 Puts. We even saw a familiar trade type out of MRX (Nasdaq) with the SingLegAuctNonISO (this is the same rare trade type we saw on the DEEP ITM Calls out of PHLX a couple months ago.) I'm going to drop the data from Monday and Tuesday below as well even though there wasn't nearly the same activity. + +[GME Biggest Options Trades 6-22-21](https://preview.redd.it/r5rg9sfch4771.png?width=1131&format=png&auto=webp&s=7fdccb6fe0a23c50415cbbf607e6d64b62c46e31) + +[GME Biggest Options Trades 6-21-21](https://preview.redd.it/hdlunb1eh4771.png?width=1031&format=png&auto=webp&s=7b7c3abb0f2e0354e8f504bed6ad3f51662c30fa) + +Definitely a more diverse group of options were purchased on Monday and Tuesday but Wednesday's trades are definitely something of note. As always I will continue to monitor the data to see how this shakes out. See you soon + +Red crayons taste the best; change my mind. 💎🙌 +I'm a Walmart employee and i justed to a little advice or something to people ( before I continue, this doesn't work all the time but sometimes) + +1. Don't fall for those 3 for $7 deals they are a huge scam and you are not really getting a deal in the end. + +2. if there is meat or dairy that is about to expire withing 1 to 2 days then ask an associate or cashier if they can reduce it for you. In the past I've always reduced meats and chicken since they will expire in 2 days ( unless the item have the bright yellow sticker on it) + +3.if there is an item that is placed near a barcode that is says its on sale and or cheaper than it is, always take a clear photo of the item and the barcode together, cashiers and manager then must change the price of the item to the price shown + +4. If an item is being marked for cheaper ALWAYS CHECK THE SIGN IF IT SAYS FROM OR STARTING that means it starts at a certain price but can get more expensive and we cannot change it for you + +Sorry for any mistakes english is my second language and do please be careful I ve seen people leave everything behind since they couldn't afford it. +# Preface + +I’m not usually one to shill my own coins but I’ve stolen a few good picks from this sub so I thought I’d share a new one I recently stumbled upon. Before I go into more details, I’d like to preface this by saying that I never invest in anything which I don’t think has the fundamentals to last at least 5-10 years and I don’t think this is a project which you will see a few hundred percent gains in a month or two. The hype isn’t there with this project and it’s more of a mid-long term play. If you want overnight gains, gamble on some of the smaller caps posted in this sub which are more like ponzi schemes riding on DeFi hype which you sell to a greater fool. + +# Introduction + +>Lition is a layer 2 blockchain infrastructure on top of Ethereum that enables commercial usage of dApps. The Lition protocol complements the Ethereum mainchain by adding features such as privacy, scalability and deletability for GDPR compliance. Everybody can choose to build on Lition without the need for permission. + +In addition to the above, they also have a P2P energy trading platform currently operating and is supplying green power to customers in over 1000 towns and cities across Germany. Through their power platform, Lition customers are able to save about 20% on their monthly energy bill, while producers generate up to 30% higher profits since they are cutting out the middle men. + +**However, the real moonshot here is not their already successful smart energy platform (which utilises the same token) it is the enterprise layer 2 solution described in the quote above.** + +Their layer 2 enterprise infrastructure which is still in development will offer infinite scalability through sidechains and nodes staking LIT tokens on these sidechains. Block times will be fast at around 3 seconds and fees will be tiny fractions of a cent. However, the real selling point for enterprises will be that the data on these sidechains can be deleted and can be public or private, with private chains being validated via Zero-Knowledge proofs to verify that the private data is correct. This is huge and makes Lition a solution for a wide range of enterprise use cases due to these optional features. But it doesn’t stop there. Lition is also GDPR compliant - a big deal for Europe based enterprises and for the record, very very few blockchain solutions are GDPR compliant (I believe VeChain is one of the few other projects which are). + +# Important Bullet Points + +* They have a very close partnership with SAP who if you don’t know are the world’s leading business software company. SAP’s Chief Innovation Officer is even an advisor for the project. As stated in the whitepaper: *”SAP can easily implement this blockchain into their existing products and services for their customer base of >400,000, making them immediately ready for blockchain use cases. It is therefore well positioned to become the standard mainnet for business applications.”* +* They have a very active GitHub (well, GitLab to be specific) on their layer 2 enterprise repo with activity in the last couple of days. [https://gitlab.com/groups/lition/-/activity](https://gitlab.com/groups/lition/-/activity) +* They have a partnership with Microsoft and they are integrated with Microsoft Azure Cloud. +* In terms of their energy platform, Lition has a growth target of 235,000 customers by the end of 2022. 3 months ago they stated that they were ahead of their goal. Right now there is a *”solid 4-figured number of new customers every month with each new customer bringing in \~€1,000 Euros in annual recurring revenue”.* +* They have a large, highly qualified and experienced team. [https://www.lition.io/about.php](https://www.lition.io/about.php) +* LIT is Tradable on Uniswap +* ***Oh, and did I mention they support staking?*** Staking returns are currently over 15% for node operators. + +# Tokenomics + +Their token has two primary uses. First, it is a utility token and they plan on making the LIT token the preferred payment method for all of the services on the Lition protocol. Secondly, it is used as collateral for staking which I can see locking up a large proportion of the supply in the future. + +Unfortunately the circulating supply is currently 50% of the max supply but that said, coins like LINK have just 35% of the total tokens currently circulating, so relative to other projects, this isn’t too bad and many of the tokens are still to be earned by staking. + +# Conclusion + +With their existing energy platform seeing real adoption and steady growth in Germany, in my opinion, this alone would be enough to justify their current market cap. However, I can see their second layer solution for enterprise being a really big deal in the future as protocol coins tend to accrue more value than utility tokens. As a versatile L2 solution for Ethereum, LIT gets the best of both worlds - adoption and network effects from Ethereum by helping it to scale as well as accruing value from the wide range of enterprise use cases which can be built on top of Lition. At just $8 million dollars in market cap, it seems to me that their work-in-progress L2 enterprise solution has not been priced in. However, due to a lack of hype and marketing right now, I don’t see LIT exploding in the short term. Rather, I can see it slowly outperforming ETH and climbing up the CMC rankings throughout this bullrun, much like Chainlink did in the bear market. Their building and partnerships over marketing strategy also reminds me when I held Chainlink back in 2018 when Sergey was busy building out the project rather than blowing their ICO money on marketing a bunch of vaporware like so many other projects. + +Personally, I can see LIT becoming a top 100 project (not top 10) as it isn’t the first of an important new type of project like Chainlink was/is but it is an L2 protocol with unique advantages and selling points over other existing L2 projects which scatter the top 20-200 range. This would put the market cap at just under $120 million dollars which is a 15x from here. This is of course a valuation which assumes that the total crypto market cap remains where it is right now at just under $400 billion dollars. However, if BTC makes it to 100K and Ethereum gets to $5K then that is another 10x from here which compounds on any LIT/BTC or LIT/ETH ratio gains. In this scenario, a top 100 project would be worth around *$1* *BILLION DOLLARS* by market cap which is over 100x from here and probably even more if ETH hits 10K and Bitcoin dominance falls back down to the 30% range or below towards the end of the bullrun. ***Disclaimer, the above figures are a theoretical best case scenario and are far from financial advice. They are my moonshot estimates which assumes all goes well for the project and the wider crypto space.*** + +Website: [https://www.lition.io/](https://www.lition.io/) + +CoinGecko: [https://www.coingecko.com/en/coins/lition](https://www.coingecko.com/en/coins/lition) + +Medium: [https://medium.com/lition-blog](https://medium.com/lition-blog) + +# TL;DR + +***TL;DR: LIT has current real world use which is consistently growing with their P2P energy trading platform and has huge potential with their new L2 protocol for enterprise due to its unique features. They have a close partnership with SAP and are also partnered with Microsoft. Currently around #400 on CMC, my target is for LIT to be top 100 by the end of the bullrun.*** + +Edit: [Sorry 4chan,](https://imgur.com/gallery/tIDc4GV) I didn't mean to shill one of your FUDed coins. Lit is a shitcoin scam, ignore this post. +Let's say I have renters leave and my property management company needs to find new renters. Is there an additional fee they add every time they get new renters to sign a lease? + +The reason I'm asking is because I was calling around and heard some places mention that they charge 50% rent for the first month on new renters. The reason I'm confused by this is because I never see people account for that in their rental property calculations. I hear to always add a "vacancy" percentage, but never a "turnover" percentage for finding new renters. +I put an offer on a property literally a month ago. Since then we've had some back and forth about a solar panel on the property. We then decided we'll take over the lease of the solar panel and sent over a new offer saying as much. The sellers agent have been giving us the run around. He's saying the sellers dad does not know how to sign offer online therefore the son will bring it to him to sign in person. This was about 2 weeks ago. On Friday, the agent said we'll have the offer signed in his email after 4 pm. As you can see it's now going on Wednesday and nothing. My agent sent him another email on Monday morning and he has yet to respond. This has been the sentiment since out first offer. His communication is horrible. Couple weeks back my agent sent him an email saying he doesn't want to but if it comes to it he'll have to reach out to his broker, what do ya know. He responded that same day. I told my agent today to reach out to his broker. + +There's no recourse for me if after another couple weeks he decides he does not want to sell anymore. We think they're waiting to see if they get a higher offer. Can I take matters into my own hand and call this guy's broker on my own as I feel my agent isn't doing much as well?! Is that a thing or should I let him handle it.. I could have been looking at other properties ya know. +Hey Team, + +So recently one of our tenant occupied units was allegedly broken-into. We found out because our property manager hit us with a $250 repair to fix a kicked in door. However, no suspect was caught in the act, and the police report says that the tenant "refused processing" (assuming this means they refused investigation). This leads me to believe that it could have been a staged incident. Our property management company says we can't bill the tenant back for damaged caused by a burglary, but we really don't have solid proof that it was indeed a burglary. What is your opinion on how we should handle the situation? + +&#x200B; + +Thanks! +I would like to purchase my first ever rental property, preferably a multi-family home. I live in the Bronx, NY but I believe I should seek homes outside of the boroughs given the fact that they are crazy expensive here. + +To give a bit of a backstory, I'm \[19yo\] currently living with my parents(they've been renting their whole life so they don't really know much about real estate). I'm in college with no student loan debt and have 2 years left for my Bachelors Degree in Business Administration with a concentration in Finance. I am employed working from 8am-4pm Monday-Friday, making about 3k a month after taxes. I have about $25k in cash saved. I currently put a combined total of $800 a month in ETF's ($20 a day in ARKK, $20 a day in VTI, recurring investments). I've recently purchased a vehicle in cash so I'm not facing any auto loans and I pay all of my credit cards off before the end of the billing cycle. My credit score is between a 740-750 depending on the credit scoring model you use. My expenses are $800 at most and any remaining money goes to my savings. + +Currently thinking about purchasing a multi-family home outside of the city and using my car to travel back and fourth if I need to. I'd purchase it with an FHA loan with 3.5% down and pay for any repairs if need be. I'd ensure the combined rents cover the cost of the mortgage and provides me a bit of cash flow every month while I collect my main income from my job. The one thing I do worry about is finding reliable and responsible tenants. + +**I've heard a bit about real estate such as closing costs, appraisals, refinancing and expenses but I feel like I should look into each category in depth.. sort of like a course, from beginning to end. Are there any resources you guys can provide that serves this purpose for strictly rental properties?** +So when you have a property manager, how does the rent money change hands? + +Does it go into their bank account and then they disburse the amount owed to you? Or do the rental checks get deposited in your account and then you disburse their 8-12% to them? + +I'm trying to get a basis on what practices are normally expected from a property manager. Thanks. +I’m 25 yrs old, currently renting a room at my parents house (I know I know). Graduated in 2016 and have been working for 2 yrs. I’ve managed to save $60k. Currently have $10k in mutual funds and the rest is in saving acct. + +Also...I just quit my job over 2 weeks ago (many reasons). I’m trying to find another soon. + +Should I even consider buying RE with this little money? I live in NY (not city) & properties are still pretty expensive here. + +I’m open to questions, I know this isn’t enough info but I tried to keep it short. +In 2019 my then boyfriend and I bought a house at 229k. We've lived in it since and gradually renovated it, mainly cosmetic. + +In 2021, I broke up with him. We continued living together and working on the house. + +Currently, the house is appraised at 360k and we still owe 177k. This month, we signed the agreement to have him move out and sell his half of his equity in the house to me, 91k. + +I have enough saved to give him all of it upfront, but don't want to put myself in a financially precarious position in terms of savings, though I'm fairly certain my job is stable (great performance reviews and I've been there for 2.5 yrs.) Therefore I plan on giving him 70k when he moves out and monthly payments for the remainder of the debt, so I still have months of income saved. The interest he's charging for the remainder is 3%. + +Per the contract, I have to pay him at least 1,050$ every month, however I have enough room in my budget to pay him 2,000$, which I would prefer as I don't want to elongate how long I'm in debt to him and would like to be relieved of his lien on the house. + +Also per the contract, I need to refinance within three years to remove his name from the mortgage. + +However, I have one final part of the house that I still want to have renovated - the master bathroom. After gathering quotes from contractors, I've determined it's going to cost about 15k to have it almost complete (the rest I will be doing myself). + +I'm seeking advice regarding paying down the debt more rapidly or at the minimum to save for a bathroom renovation. + +I'm thinking down the line this could lead to a higher appraised value when I refinance, which could give me the option to pull more cash out and get another property, rather than using my savings. Also I'll admit, I would like a nicer bathroom. + +For context, I'm in TX making 100k before taxes + 3k holiday bonus + 8k-23k annual bonus. +Hi guys, + +I’m wanting to convert my garage to an apartment and rent it out. I have a big lot so I can put a shed up easily elsewhere. I live in California and I never have nor ever will park in my garage. + +My garage is 440 sf. There is plumbing and electrical already in it. No insulation, windows, fans etc. I will need to get more electrical ran and upgrade my breaker box for it to handle a kitchen/washer dryer. + +Anyway, considering the structure is already there my main costs will be permits, bathroom install, finishinggarage wall and adding window, etc. I am very handy and will be able to do most of the work. + +I have heard that California can charge a fortune for adu permits, so that is still unknown. I hope to budget for around 20k which would give me a bit over a year roi at $1500 rent. + +Just wanted to casually chat about this as I don’t have many people I know who to do so with! Thanks :) +With $100k to invest, what is the most aggressive strategy that you can imagine WITHOUT moving yourself? We already live in a SFH and we do not want to house hack. +China confirmed reports that it was pulling out of U.S. agriculture as a weapon in the ongoing trade war. + +China is one of the largest buyer of U.S. agriculture. Bloomberg News reported that Beijing may stop importing them completely in response to new tariffs by the United States. According to reports by Chinese State media, it may also slap tariffs on U.S. agricultural products that it already bought. + +https://www.cnbc.com/2019/08/05/china-confirms-it-is-suspending-agricultural-product-purchases-in-response-to-trumps-new-tariffs.html +I recently proposed two generalized extensions to BIP9 to enable "user activation" of soft forks. + +[uaversionbits](https://gist.github.com/shaolinfry/0f7d1fd22743bb966da0c0b1682ea2ab) - under this proposal, if activationtime is set, and 95% miner signalling is not reached by activationtime, the workflow transitions to PRE_LOCK_IN, followed by ACTIVE. [bitcoin-dev post](https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-February/013643.html) + +[uaversionbits-strong](https://gist.github.com/shaolinfry/70d0582db7de958b7d5b6422cfef4e22) - under this proposal, if activationtime is set, and 95% miner signalling is not reached by activationtime, the workflow transitions to PRE_LOCK_IN, followed by LOCKED_IN then ACTIVE. This second proposal allows extra business logic to be added, allowing for example, orphaning of non-signalling blocks. + +I believe one of these two proposal should move to published BIP stage. I prefer the latter. to be clear, they are generalized deployment extensions to BIP9. + +Lastly, due to popular request, I drafted a [third proposal](https://gist.github.com/shaolinfry/743157b0b1ee14e1ddc95031f1057e4c) to cause the mandatory activation of the _existing_ segwit deployment that is being ignored by Chinese mining pools in particular. Under this proposal, if miners have not activated segwit by October 1st, nodes will reject non-signalling blocks (meaning they wont get paid unless they signal for segwit activation). Assuming 51% of the hashrate prefers to get paid it will cause all NODE_WITNESS nodes to activate including all versions of Bitcoin Core from 0.13.1 and above. This proposal requires exchanges in particular to run the BIP in order to create the financial incentivizes for mining pool operators to signal for segwit. I believe, for this proposal to move forward, it should progress to a published BIP because there is no way for exchanges, other economic actors as well as the technical community to even consider the proposal until there is something more concrete. This proposal ([ML discussion](https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-March/013714.html)) has already garnered quite a bit of media attention. + +I understand Reddit is not the best place to garner feedback or discussion, but as I have already published on the Bitcoin Development Protocol discussion list, and there have been various discussion on various social media platforms, I think a Reddit post is a way to get some more discussion going. +The Fed can raise interest rates to infinity in lock step with rising prices to tame inflation when they want. This Fed power is far more effective than money printing. Right now, they *want* asset inflation, which through a wealth effect, stimulates aggregate demand. Powell doesn't want or need to spook markets. Markets obey him. + +The lessons from the 18/19 market tantrums, Europe after the 08 crisis, and Japan's lost decade were that stagflation (moderate inflation, rolling recessions) has a gravitational pull. It is better to risk moderately higher average inflation in the short to medium term to reach escape velocity. + +Current sources of inflation are tied to asset inflation (housing inputs) and only seem dramatic in the the short to medium term. The Fed is comfortable with this because they want the wealth effect from asset inflation. This will make people feel rich so they spend freely as COVID goes away. + +Also, the Fed has orders of magnitude more data and gets it at speeds that were unimaginable four decades ago. Why four decades? That's how long it's been since we had an inflation problem! + +The Fed will coast or feather the brake pedal to slow down, instead of stomping down on repurchases. They've learned how to do so from the 2018/2019 market tantrum. The Fed is correct to be much more concerned about escaping stagflation. + +ELI5: Basically all the stocks that have crashed because the companies don't generate free cash flow will go up again. Market is about to do a headfake. +I’m extremely smart, and no I’m not bragging just context. I transferred from community college to university and receive scholarship while I study to become a doctor, but because I have a child I’m working part time. The pay is good but I’m still living paycheck to paycheck, and now have $20 till Friday and hardly any food in the house. I thought if I did everything “right” in life (college, marriage, baby) I wouldn’t struggle. I’m debating dropping out of uni with my 3.86 gpa. Tomorrow after class I’ll go to my schools food bank which is so embarrassing but I don’t really have other options since I don’t have family of my own. I know the whole “life’s not fair” speech applies here but I want nothing more than to become a doctor but not at the expense of my daughter not eating. I’m aggravated, depressed, defeated. There really is no way out of poverty is there? I’m so fed up. I’m debating on dropping after this semester and just working full time. +On December 30th, I purchased a pair of KEF LS50 speakers through a 3rd party store on Amazon. The speakers are $1500 new, but the company was selling them for $1050. They claimed the speakers were brand new, in the box, never opened. + +I did a brief look into the company (https://www.amazon.com/sp?_encoding=UTF8&asin=&isAmazonFulfilled=0&isCBA=&marketplaceID=ATVPDKIKX0DER&orderID=107-5584621-5027431&seller=A3HDZL9NJXVHOU&tab=&vasStoreID=) + +They have 99% positive in the last 12 months (91 ratings). I read the first page of reviews (there is a bad one there now that wasn't there when I purchased) but other then that it seemed legit. The price had me a little concerned $450 off retail for brand new speakers.. so I did some further googling and found some people who also purchased KEF speakers for way under retail cost, some of them said that they received the speakers but the serial numbers were removed from them. Another person explained that sometimes retailers from overseas get the speakers for cheaper, remove the serials and send them to the US to be sold at higher prices. They remove the serial so KEF can't link it back to the original seller. I have no idea if that's true or not, but it seemed reasonable. Either way, I called Amazon up before I purchased the speakers and asked if Amazon would protect the sale if I received the speakers and they were either fake/without a serial number. The woman I spoke to said yes, absolutely. So I purchased the speakers. + +On Jan 3rd I received an email that the speakers shipped with this tracking number: + +1Z145Y7V03914XXXXX + +To be delivered on the 11th... But they never actually shipped. The company created a label but never actually shipped anything on that label. On the 9th I asked them about it: + +> Order ID 107-XXXXXX-XXXXXXX: +> 1 of KEF LS50 Mini Monitor - High Gloss Piano Black (Pair) + +> Is this still on track to be delivered by the 11th? + +They responded back on the 9th: + +> Yes. + +The 11th came and the tracking still showed as nothing being sent. I contacted them again that night: + +> Estimated arrival is today and according to UPS they haven't even received the package yet.. am I getting these speakers or should I look elsewhere? + + +They responded: + +> Hello dear buyer, Please see a replacement is being shipped to you ASAP. + +They created a new shipping label/tracking: + +1Z145Y7V42987XXXXX + +With estimated delivery of the 18th. This time they actually shipped something on that label though - but they also included a signature requirement. I had the package address changed to my local UPS store, because I wouldn't be home to sign for it. Should also note, the weight of the package changed to 10lbs from 40lbs on the first label - which made me really skeptical. + +The 18th came and I went to the UPS store to pick up the package. The UPS guy pulled out a 8.5x11" shipping packet. I told him that can't be it - they are giant speakers. He said "well this says i4mt3hwin on it" Ok. I signed for it (which I guess was a huge mistake) and brought it home. I figured maybe they sent the wrong the audio item, I'd send it back and either ask for a refund or ask for the speakers again. + +Well I got home and opened it and inside was a piece of cardboard: + +http://i.imgur.com/liCO3h2.jpg + +http://i.imgur.com/y5GietW.jpg + +And that's it. + +I immediately contacted the seller and requested a refund. I also contacted Amazon, because I felt like no serious/real company would just send a piece of cardboard as an order. A different audio item? Ok I can buy that - maybe it got mixed up... but no, literally just a piece of cardboard. I also went and did a little more digging.. so remember that 99% positive over 12 months? Well if you go back 2-3 pages on their reviews, almost all of the reviews are from one guy in the span of one month. Clearly there is something fishy going on with this company. And it kind of bothers me that Amazon has no system to prevent that type of abuse. + +So the 3rd party company gets back to me, they send me an email requesting that I ship back the speakers and they will refund me the money. Thing is I never received speakers, I received a cardboard box. I'm not shipping that back to them, I'm not wasting money on that. I awaited Amazon's response. + +Well Amazon closed my claim. + +> We have closed your claim for this order because the order is not eligible for coverage. However, the seller has agreed to issue a refund to you after you return the order as per the instructions listed below. The seller is not obliged to refund the return shipping fees. +> +> -- Return Address: +> XXXXXX +> XXXXXX +> +> If you decide to return the order, we recommend following these best practices to be sure that your package arrives and to avoid customs fees. +> +> -- Write "Return Merchandise" and the order number on the package +> -- Complete any customs forms needed and attach them to the package. +> -- Insure the package and request signature confirmation delivery service. +> -- Get a receipt for your return costs from the carrier. +> +> Because your order arrived, the order is eligible for coverage only if an item in the order arrives damaged or does not match the seller’s description. Our investigation shows that you received the correct item and that it did not arrive damaged. + +So I called them again and explained again that I did not receive the correct item. I received no item other then a piece of cardboard. So I'm not sure what they are expecting for me to ship back to them. So Amazon contacted me again asking for more information: + +> To resolve your claim quickly, we need your help to understand what went wrong with order 107-XXXXXX-50XXXXX. +> +> Within 3 business days, please reply to this email with a description of the differences between the item that you ordered and the item that you received. If we do not hear from you within 3 business days, we will close your claim until we receive your reply. +> +> We look forward to hearing from you. +> +> -- Date of Claim: January 18, 2017 +> -- Claim Amount: $1049.99 + + +So I send them this: + +> I ordered a pair of $1000 KEF LS50 speakers. I received a small piece of cardboard in a shipping packet. +> +> This is what I ordered: +> http://dagogo.com/wp-content/uploads/2014/09/ls50_pair_060813_rgb-1000x1000.jpg +> +> This is what I Received: +> http://i.imgur.com/liCO3h2.jpg +> +> This is what the cardboard came in: +> http://i.imgur.com/y5GietW.jpg +> +> +> Which obviously can't fit 40 pound speakers. + +On the 23rd I get another email back from Amazon: + +> We have closed your claim for order 107-XXXXXX-XXXXXX because the tracking information below shows that someone at your address signed for the package. This order is not eligible for the A-to-z Guarantee because it arrived at your address. + +So basically now they are telling me that they can't help because I signed/received the order. Which is a little ridiculous to me. Like in this case, yeah - like obviously speakers aren't fitting into that little package, but at the time I felt the package (there was something clearly inside which turned out to be just cardboard) I figured they sent the wrong item, so I figured I'd send it back to them. But what if they sent a big box with bricks in it? Would I just have been equally screwed for signing for it? + +Either way, I contacted Amazon get - this time I spoke to a manager and I explained everything. Not only did she agree with me that I should get my money back, but she agreed that the reviews on the company seemed strange and she wanted to push that through and re-escalate my A-Z Claim. + +Well today I got another response from the claims: + +> While we understand your concern, we are unable to assist you with this purchase. As previously stated for your order 107-XXXXXX-XXXXXX because the tracking information below shows that someone at your address signed for the package. This order is not eligible for the A-to-z Guarantee because it arrived at your address. + +Again I called Amazon - this time I spoke to a different manager who said "I shouldn't have signed for the package, Amazon can't help me" essentially. + +So I'm sitting here wondering now, what am I supposed to do? I paid for the speakers on my Chase Card and I contacted them. They have to file a dispute which can take 7-10 days to even start it. In the long run I'm going to continue pursuing that - but I've read stories of people's Amazon accounts being closed for disputing large purchases. I buy tons of stuff through Amazon (Prime Member) and I would be really annoyed if they closed my account over this. That being said, I want my money back and I feel like it's ridiculous that Amazon won't cover me because I signed for the package despite nothing being inside of it. + +Is there anything else I can do or someone I can contact? The 3rd party store no longer responds to my emails so that's out of the question. + +TLDR: Bought speakers through 3rd party store on Amazon. They shipped me a piece of cardboard instead of speakers. Contacted Amazon who told me several times that they can't help me get my money back because I signed for the package. + +-------------------------------------------------------------------------------------------------------------------------- + +Edit 1: I contacted Amazon again, this is the response I got back: + +> Hello Kevin, +> +> I'm writing to followup regarding the A-to-z claim in Order ID: +> +> After further research, this order is not eligible for the A-to-z Guarantee so we won't be able to honor a refund. I realize you’re disappointed because this is not the outcome you were hoping for, and I regret we’ve been unable to address your concerns to your satisfaction. However, we won’t be able to offer any additional insight or action until this time has passed, and any further inquiries on this matter won’t receive a response. + +This is like the biggest issue I have with this entire thing. "We won’t be able to offer any additional insight or action until this time has passed" Why not? Why can't I get a real explanation why it's being denied. + +They also sent this again: + +> While we understand your concern, we are unable to assist you with this purchase. As previously stated for your order because the tracking information below shows that someone at your address signed for the package. This order is not eligible for the A-to-z Guarantee because it arrived at your address. +> +> To learn more about coverage, visit our A-to-z Guarantee Help page on our Amazon.com site (http://www.amazon.com/a-to-z-guarantee). +> +> For help finding your package, we recommend that you contact the carrier. + +"For help finding your package, we recommend that you contact the carrier." + +Why are they telling me this? It makes it sound like I didn't receive the package. I did receive the package. + +I sent them this picture of it: + +http://i.imgur.com/g362sS3.jpg + +Frustrating. + +___________________________________________________________________________________________ + +Edit 2: Executive Customer Relations reached out to me, they are going to investigate - so we'll see what happens. Thanks again for the help/suggestions. I'll keep updating the thread for anyone curious. + +___________________________________________________________________________________________ + +Edit 3: Success! + +> Hello, +> +> My name is XXXX, and I am a member of the Amazon.com A-to-Z Guarantee Claims department. Jeff Bezos received your email, and I am responding on his behalf. +> +> Upon review of the A-to-z Guarantee claim you filed on 1/18/2017 for order 107-XXXXX-XXXXX, we have refunded $1049.99 to the payment method you used to place this order. You can check the status of your refund on the Your Orders page in the Your Account section of our website (www.amazon.com/youraccount). +> +> If the order was paid by credit card, it may take several business days for the refund to appear on your credit card account. Please check with your issuing bank to confirm that it has been posted. If the order was paid by gift certificate, these funds should be available now for use as payment on a future order. +> +> Sincerely, +> +> --- +> XXXX +> Account Specialist +> A-to-z Guarantee Program + +I want to thank everyone again for the advice and discussions. Going to buy the speakers this time directly from KEF's store on Amazon (no more 3rd party for me) + I'll be sure to check the box before I sign lol +**PsychoMarket Recap - Monday, December 7, 2020** + +Stocks performed mixed today, with the S&P and Dow Jones pulling back while the tech-heavy Nasdaq set a new record high intraday. In the last two trading sessions, the three major indices each recorded new record-highs, with market participants optimistic of a relatively quick rollout of a vaccine and additional fiscal stimulus. + +Last Friday, the Labor Department released their November jobs report, which showed the slowest pace of job growth since April’s record spike in unemployment. Non-farm payrolls grew by just 245,000, much lower than the 460,000 expected. The deceleration in recovery is likely due to the record spike in infections recently and the reimposition of certain restrictions across the United States. In an effort to support the economy, a bipartisan group of Senators unveiled a new stimulus proposal worth $908 billion, a sum greater than the ceiling Senate Leader Mitch McConnel (Rep.) set but below the Democrat’s original $2 billion proposal. House Speaker Nancy Pelosi (Dem.) and Senate Minority Leader Chuck Schumer (Dem.) have indicated they support the proposal and Senator Bill Cassidy (Rep.) told Fox News he is confident the President and Senator McConnell will support the bill. We’ll have to wait and see how it plays out but we do not expect the passage of any stimulus at least until Biden’s administration takes over. + +Looking ahead, market participants will continue to eagerly follow developments on the coronavirus vaccine. The U.S. Food and Drug Administration is expected to convene its outside scientific advisory board on Thursday to discuss Pfizer’s (PFE) emergency use authorization request for its vaccine. The advisors could vote as soon as that day whether to recommend that the FDA green-light the inoculation and allow the first phase of roll-outs to states. Moderna (MRNA) has also filed an emergency use authorization with the FDA. The FDA is expected to make an announcement about Moderna’s vaccine sometime this week as well. + +Despite countless calls from health officials and politicians to stay home for Thanksgiving. According to the Transportation and Security Administration (TSA), an estimated 10 million people traveled in an airplane in the week of Thanksgiving, most likely to visit family members. It seems we are now paying the consequences, with new infections, hospitalizations, and deaths reporting several new records last week. However, according to Dr. Anthony Fauci, the top infectious disease expert in the United States, says the full impact of Thanksgiving gatherings hasn’t been seen yet. He said, “The blip from Thanksgiving isn't even here yet. So we’re getting those staggering numbers of new cases and hospitalizati0ns before we even feel the full brunt of the Thanksgiving holiday”. The US is nearing an average of 200,000 new daily infections. As of Sunday, there were On Sunday, there were 173,457 new infections, 101,487 hospitalized patients, the fifth consecutive day the US surpassed 100,000 hospitalizations, and 1,111 deaths (thankfully lower than the 2,800 a few days ago). + +**Highlights** + +* After underperforming last week, our PsychoPick of Hyliion (HYLN) is finally starting to perform. Never dipped below our designated stop loss. Stock up nearly 7% today. +* A Dish Network Corp. subsidiary will pay $210 million in penalties related to alleged telemarketing violations, in a settlement with the Justice Department and four states due to unlawful telemarketing calls to consumers. +* Tesla (TSLA) was on a tear today, up almost 7% at the time of writing, reaching new all-time highs!!!! +* China’s trade surplus hits record $75 billion as November exports surge 2.1% year-over-year, primarily propelled by American consumer demand. +* There was a decline in European stocks following reports that Brexit talks to reach a trade deal with the European Union could collapse as soon as Mondaay, according to Yahoo Finance. +* Targa Resources (TRGP) target raised by Royal Bank of Canada from $26 to $34 OUTPERFORM. Stock currently $26.50. +* Kura Oncology (KURA) with two bullish target increases. Stock currently $37. + * Barclays from $40 to $47 at OVERWEIGH + * HC Wainwright from $40 to $45 BUY +* Intercontinental Exchange (ICE) target raised by Rosenblatt Securities from $116 to $120 at BUY. Stock currently around $109. +* CRISPR Therapeutics (CRSP) target raised by Roth Capital from $115 to $170 at BUY. Stock around $150 currently. +* Biohaven Pharma (BHVN) targey raised by SVB Leerik from $85 tp $120 at OUTPERFORM. Stock currently $88. +* Broadcom (AVGO) target raised by Morgan Stanley (MS) from $415 to $440 at OVERWEIGHT. Stock currently at $410s. +* Allegheny Tech (ATI) target raised by Keycorp from $15 to $25 at OVERWEIGHT. Stock currently around $17. + +**“Most of lives greatest opportunities come out of moments of struggle; it’s up to you to make the most of these tests of creativity and character” - Ray Dalio** +I just saw a stock (TROW) that was trading at 130 during normal hours (I have a 125 PUT on it expiring in two days) go to 124 at after hours then back up to 133. That's a 9 dollar difference that I wasn't allowed to react to at all. How can I participate in trading during those hours? +I keep seeing articles, stories, posts, videos about how much bitcoin investors are panicking. I'm not panicking...have these people actually talked to anyone who holds bitcoin? + +Is anyone here panicking? +For all those who don't know, blue chip is considered a financially stable company, in this case we are talking about cryptocurrencies where blue chip is considered to be every coin that has a market capital of over $ 2 billion. + +Is that true in practice? I wouldn’t say, and before the coins had over $2 billion in market capital so they did good they are doing good but... + +Their prices have dropped and market capital went down. People who invested in ATH waiting for that "forget and earn" burned themselves. Not saying that the projects are dead, but for someone who invested in ATH they could look dead. + +So, apart from Bitcoin and Ethereum, what else do you consider a blue chip in cryptocurrencies? + +Edit: wrote trillion on second paragraph instead of billion +Finblox is yet another lender who seems to have been affected due to the ongoing collapse of key centralised players and a large fund 3AC which has apparently blown up. Finblox was backed by large VCs like Sequoia and Dragonfly. + +In a message to users, Finblox has informed them they are reducing withdrawal limits and cutting all rewards. + +[Finfblox: Withdrawals capped, rewards paused](https://preview.redd.it/7pmmv1kavz591.jpg?width=777&format=pjpg&auto=webp&s=3633179ec302914d1c0508065c81e604e38853ff) +