diff --git "a/reddit_finance_43_250k_427.txt" "b/reddit_finance_43_250k_427.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_427.txt" @@ -0,0 +1,10000 @@ +All input is welcome. Thanks! + + +**Edit** Thank you all for the kind thoughts and insights. They were very helpful. +Extra details: it is from a parent, not a spouse + +The company paying out keeps dodging any questions on how much it is. They’re asking me to fill out an annuity form for payout, which has a space for a number, but it’s blank. I’m not sure if I want to do a lump sum payout or take the 5 year payout and I don’t know how I’m supposed to make this decision without a number, but they won’t give me one. Is this normal? +I know its fun to "forget your password" or "what's an exit strategy?" but you need to log in to your account once in a while to maintain it. + +We are now over a year from the initial DRS surge. make sure you log in to your account every few months so you don't get locked out. + +This is based solely on other comments I've seen around superstonk whenever someone says they lost their password on purpose, but I'd rather not risk it personally. so just take a few seconds to log in, and move on with your day. + +cheers! buy hold drs! +Hello hello! Really simple question I'm just having trouble wrapping my head around. + +&#x200B; + +I'm young, I make good money, I'm not BAD with money, but I've never had an emergency fund over 5k. I've come to realize my e-fund should be more like 25k+. + +&#x200B; + +What do you guys do to keep yourself from spending your emergency fund? It makes complete sense to have 6 months salary saved up for emergencies but the idea of having that much just... *sitting there* is a bit difficult. + +&#x200B; + +EDIT: + +Wow this kinda exploded! Thanks everybody for the advice and ideas. It's mostly a mindset change I needed. I think it will get easier once I actually get that much saved. I also plan to get an Ally account going this weekend and renew my efforts of getting this built up more. +Seeing all of the DRS posts is very encouraging. And seeing all the shills talk about how it's not that effective or whatnot makes me laugh. Because funnily enough they aren't entirely wrong... for now. More on that. + +Do you remember in high school math class learning about exponential growth? I remember seeing a problem with a lily pad in a pond. On day 1 you start out with 1 lily pad. Every day afterwards, the number of lily pads double. On day 30 the pond is full of lily pads. + +Then on what day is the pond half full? Day 15? After all isn't 15 half of 30? Nope. Day 20? Nope try again. Must be day 25? No, wrong again. The correct answer is day freaking 29. That's right it took 29 out of 30 days to fill the pond halfway. And only 1 to fill it all the way... + +This is the power of exponential growth. It starts out very negligible with seemingly no impact. But then, it happens all at once. + +It's the same thing with registering shares. When an ape registers 15 shares with the float at for example at 50 million. That ape takes a very tiny bite out of the float. But the next ape that registers 15 shares may be registering the same amount, but that ape takes an ever slightly larger portion (percentage wise) of the remaining float. As this process continues to repeat, the impact of each subsequent ape grows ever so larger. Until that impact becomes very, very noticeable. + +This is why I ignore shills that talk about how DRS has very little impact. Sure, exponential growth always starts very slow. And then happens all at once. + +EDIT: A number of apes seem to doubt exponential growth for Computershare. All I am going to say there is to look up what an ***s*** ***curve*** is. + +I am not a financial advisor. This is NFA, blah blah blah. +I think it's awesome that this free opensource software project can count on the the devotion of its developers during harsh times like these. Everybody that works at an exchange and everybody submitting patches to all the projects out there: You are awesome. <3 +I won't get love for this one... but anyway! + +Out of the top twelve coins by market cap, 5 or 6 are ran 100% centrally by the founding organizations: + +3) Ripple (Ripple company decides who is the validator - the so called UNL) + +6) NEO (7 trusted nodes controlled by a single party) + +7) Cardano (in the "Bootstrap Era" before target dPoS) + +~~8) Stellar~~ (edited multiple times; this one needs more research as there is no striking evidence of centralization; Stellar evolved significantly and changed it's consensus algo along the way; it now feels like a Web-of-Trust with the trust firmly anchored in Stellar Development Foundation; Stellar documentation underlines legal compliance and not censorship resistance; the Stellar Whitepaper states: "In practice, the top tier could consist of anywhere from four to dozens of widely known and trusted financial institutions") - so it is basically based on trusted parties cooperating + +11) IOTA (the "Coordinator") + +12) NEM (the Network Infrastructure Server (NIS) is not open source) + +The reason I first decided to invest in Bitcoin around $100 was that the posts and information on r/Bitcoin centered around the world changing technology and not on how much the price was rising each day. In order to create new long term hodlers like myself, can't this sub get back to upvoting posts with vital information on the tech? Fuck the hype! +Hacks on exchanges are rare, but they happen. Freezing of exchange-accounts can happen. The point of bitcoin is to **be your own bank**, a bank that no one can shut-down. The only way to be your own bank is to control your bitcoins yourself. + + +Popular mobile wallets (great for beginners) include: Breadwallet for IOS, Mycelium for Android. Also, if your phone is rooted, please research how this affects security on mobile devices. Note: losing your phone will not lose your bitcoins if you back-up your private key seed that these apps provide you. + +Hardware wallets (gold-standard of security after a bit of research) include: Ledger, Trezor, and Keepkey. + +=========== +>EDIT: +>This post is meant to WARN newbies of a risk they might not have considered. +Keeping your BTC in an exchange **can be** a completely valid choice - but you need to know the risks and do the research yourself. Exchanges are not banks - they are not insured by the FDIC in case of theft. If your exchange is hacked you're out of luck. People are still waiting for the Mt.Gox lawsuit to see their lost coins. + +>COUNTERPOINT: +>To *be your own bank*, you also need to trust yourself. If you get a wallet, but forget the private key or "seed" - your bitcoins are gone. If you make a mistake and send it to a wrong address - your bitcoins are gone. **The bottom line is: if you don't understand bitcoins, please do your research on proper storage.** If you determine that you'd rather run with the risk of an exchange hack, at least you will be informed. +I know people will say your choice but i want to know from a financial point of view . +I (20f) don’t plan on having a family in the future . I don’t even know if i will ever fall in love / get married . I have a huge passion for travelling. So for me a 150k mortgage on a house wouldn’t be worth it in comparison to just renting monthly? + +Is there any advantages to owning a property via a mortgage ? +I've been learning about options through his educational videos and was tempted to sign up for a membership but I noticed something fishy about the reviews. + + +I noticed the "reviews" on his page were created by either bots or bought. +Here is the website of his reviews: https://optionalpha.com/reviews +And if you do a google image search under those reviewers you will be able to find a lot of them with different names and location. + + +Here are some random ones that I picked under his website that gave me a match: https://imgur.com/a/FT8Z1Gp + +UPDATE: Everyone can agree that Kirk's podcast and courses are phenomenal, no doubt about that. Only issue I had and what stopped me from signing up was the "fake" reviews that I found. + +Kirk's statement: https://www.reddit.com/r/options/comments/buv7g2/is_option_alpha_a_scam/epia5nm/ + +As noted by /u/MagesticDorito, it appears that Kirk updated his Terms of Services: https://www.reddit.com/r/options/comments/buv7g2/is_option_alpha_a_scam/epilgda/ +Hi, probably many know about this but for those who don't, wanted to let you in on what HitBTC has been doing for months. + +So, HitBTC has been locking people out of their funds for quite a while, using various techniques. At this point, it's quite likely that they are not solvent and are trying to keep the thing going for as long as possible by stalling and keeping a few users happy with the other users funds. What amazes me is that they haven't made any honest statement about this for this long. I used to think they were pulling an exit scam, but after all this time, a hack and insolvency seem more likely. There's a positive albeit hyper naive option, that they are truly under-staffed and quite incompetent. + +First they started by not-crediting people with their deposits and not executing withdrawals to the blockchain. I was personally caught by depositing ETH through a contract. There was no mention of this on their deposit popup, it was only stated in their support docs, which you obviously don't check until it's too late. So I reported it **2 months ago** on the issue **#106549**, bear in mind that the fix on their side is just to check the address and credit the ETH (check address balance, set the same number on their platform). Yet they took 1.5 months to even acknowledge the ticket and are now just postponing with empty responses like asking for data they already have in the ticket and elevating the issue to another area of the company. Also reported to /u/hitbtc in both PM and by posting on r/hitbtc but got no response. + +If you check r/hitbtc, there are 100's complaining about this for months, yet they are somehow still in business. At one point, they got the nerve to blame delays on overloaded blockchains and created a [System Health tab](https://hitbtc.com/system-health) where you can see the queue of deposits and withdrawals for each blockchain. I suppose some poor souls fall for it, the fact that they want to blame a 1 month delay on a blockchain is pathetic. + +Their next move was to add ridiculous fees when you move funds, clearly to discourage people from doing so and giving them some forced liquidity. + +Every now and then you see people posting on Reddit or the forums about finally being given their funds. I'm personally very skeptical, these could be fake posts by the admins or just that they make a few people happy to make it look like everything is alright. + +At this point, I'm getting used to the idea that my funds are long gone, but I'm keeping local copies of everything and will pursue this until the end. I'm hoping these guys are exposed asap, stop scamming people and go under. + +**TL;DR:** Don't deposit on HitBTC, if your funds are in it, good luck to you + +**UPDATE 2018-02-13 (next day):** After this post and emailing their accounts a couple of times about it, they finally credited the funds and also the withdrawal went through immediately. I wouldn't take it as a happy ending kind of thing, they basically withheld the funds for 2 months until the cost of doing so outweighed the cost of giving it back. Notice in the comments how many people actually withdrew from HitBTC just in case in response to this post. So, I'd still discourage anyone from depositing funds there +Would you like to buy more goods at Amazon if Amazon would decide to offer crypto-payment for you? + +Would it be brave by Jeff Bezos if he would accept crypto payment? + +Would you love Amazon for doing this? + +This is a guide on an advanced version of the *Dollar-Cost Averaging* (DCA) Strategy. It still shares some of the characteristics of DCA-ing, but tries to improve it. And also adds a 'taking profits' dimension to it. + +This is for investors who are in-between conventional investing strategies and active trading but don't want to do either. Typically investors who are more risk-adverse or like to dive into some technical aspects of the market. More on crypto investing strategies [here](https://www.reddit.com/r/CryptoCurrency/comments/nyms2g/crypto_investing_strategies_for_different_types/?utm_source=share&utm_medium=web2x&context=3). + +# Risk-Adjusted Dollar-Cost Averaging + +The idea of this strategy is to use some sort of risk-metric to trigger DCA-In or -Out decisions. This makes it so that you have some sort of gauge for overvalued or undervalued prices with which you can guide your buying or taking profit decisions. There are a bunch of metrics out there so feel free to explore. These are some of the more popular ones. + +Note: While these models have 'stood the test of time' to some degree, you cannot expect them to continue being correct. Right now, Bitcoin and crypto is in a convenient position because Bitcoin's value has since gone according to halving cycles and other cryptos have mimicked Bitcoin's price action and volatility. More on market correlation [here](https://www.reddit.com/r/CryptoCurrency/comments/nra6k5/cryptocurrency_market_correlation_analysis/). + +# Bitcoin Logarithmic Rainbow + +https://preview.redd.it/gqdwgp2284971.png?width=2226&format=png&auto=webp&s=3d1b1b3bef6ea5d97733d789c64704e95db2fa9a + +* The [bitcoin log-rainbow](https://www.blockchaincenter.net/bitcoin-rainbow-chart/), introduced in 2014, uses logarithmic regression and *The Law of Diminishing Returns* to provide a better view of long-term prices. +* **DCA-In or buy at blue to yellow levels. Be a spectator at orange levels. DCA-out at dark-orange to red levels.** +* Today, we're between yellow ($40k) and green ($30k) which is a signal for me to start DCA-ing. +* If you used this strategy for the current cycle, you barely would've had any chances to sell as Bitcoin only touched dark-orange a few times. And that's okay assuming most people speculate that this isn't the 'market peak' and we still have more in store. + +# Bitcoin Stock-to-Flow Model + +https://preview.redd.it/n4jw7ay284971.png?width=2462&format=png&auto=webp&s=8f175d8cfa1a47b789e7dd7077725c41c7ea5874 + +* The [stock-to-flow model](https://www.bybt.com/pro/i/S2F), created by Plan B, is an attempt to put a *value* to Bitcoin based off scarcity. +* This website in particular has a nice chart at the bottom that indicates overvalued (red) and undervalued (green) levels based on divergence between the model and Bitcoin's actual price. +* **DCA-In when the chart below is green and DCA-Out when the chart below is red.** +* Right now, we're in green which, again, is a signal for me to start DCA-ing. Actually we're at one of the lowest-levels right now at -0.82 variance: levels we haven't seen since 2011, 2013, and 2018 cycles. +* If you used this model in the current cycle, you would've been DCA-ing out and taking profits between December 2020 ($27k) to March 2021 ($58k). + +# Crypto Fear and Greed Index + +https://preview.redd.it/3y7k8cw384971.png?width=1438&format=png&auto=webp&s=918e478dc810c6f0cba40d20784de937a84bcdac + +* The [Bitcoin Fear and Greed Index](https://alternative.me/crypto/fear-and-greed-index/) uses a mixture of volatility, volume, dominance, and sentiment analysis from social media and Google trends. +* **DCA-In during times of fear and DCA-Out during times of Greed.** In other words, be "fearful when others are greedy, and greedy when others are fearful," as Warren Buffet advices. +* Right now, we're in fear-levels, so that's another signal for me to start DCA-ing. Similar to the Stock-to-Flow model, we're experiencing some of the most fearful levels in history. +* This metric is much more volatile compared to the other two. If you used this model in the current cycle, you would've been selling at November 2020 to February 2021 with some dips in January, capturing moments of correction. + +&#x200B; + +# Tips + +I know these metrics are all based on Bitcoin but that's just the reality of the space as of now. That give you some insight as to why 'the market moves with Bitcoin'. Most of the time-tested metrics have to use Bitcoin. You can trade other currencies based on these metrics and, yes, you will get varying results as some alts spike earlier or later than others. But, for the most part, these metrics speak for the cryptocurrency market. + +As you can see, none of these models are perfect or even capable of predicting prices, market peaks, and bottoms. They are also not always coordinated with one another, with one indicator indicating a 'buy' zone while the others do not. Here are some tips when using this strategy: + +* **Determine your own DCA strategy**. This strategy is a *trigger* for your DCA strategy, so you should still set an interval (weekly, bi-weekly, monthly, etc.) and an amount to buy or sell cryptocurrencies. + * Consider fees and tax implications when doing so! +* **You can use the metrics together or just pick one.** Of course, having more indicators could lead to better decisions (or not) but it's also adding complexity to the process. +* **You don't have to check these metrics all the time** you can actually just sort of 'get a feel' for them. Right now, these metrics indicate that it's a good time to DCA and, if you've been here long enough, I'm sure you'll easily get that same feeling as well. +* **Take advantage of Staking and Defi.** Since you'll typically be holding crypto for long periods, earning passive income elsewhere is your friend; something active traders can't really take full-advantage of. +* **Take advantage of Stablecoins.** You can still enter and exit the crypto space without buying/selling cryptocurrencies. You can do this by exiting or entering via stablecoins. + * Depending on your DCA strategy timeframe, regularly buy stablecoins and keep them at an interest-bearing platform: Cefi (Celsius, Blockfi, Nexus, etc.) or Defi (Aave, Compound, Curve, etc.). I do this instead of jumping straight into crypto if I have too much to DCA-in at a time or if it's not a good time to DCA-in. + * By doing so, you're still exposed to high risk; high reward nature of crypto but at relatively low risk. These yields are typically around 6-10% for Cefi and 7%-20% for Defi. You're not exposed to market volatility, just to the coin/platform credibility (obligatory, don't hold USDT). + * When the metric you follow does indicate you should be buying/selling crypto and then trade off of the crypto and stablecoin pair. + +&#x200B; + +This is my way of dollar-cost averaging. I am more data-oriented, so I naturally do lean towards these kind of models. The drawbacks of this strategy is that you're reliant on the accuracy of the metric you use so remember, *all models are wrong but some are useful*. This is a little bit more complex than traditional DCA, but not nearly as time-consuming as active trading. For the most part, the DCA logic still stands: *Time in the market > Timing the market.* + +**tl;dr: DCA-In when long-term metrics show prices are undervalued and DCA-Out when prices are overvalued. Take advantage of defi, staking, and stablecoins.** +If you had to pick only 5 stocks to trade for the rest of your life based in what you know now, what would they be? +Meaning you can only buy and sell those only. + +No Index funds, no ETFs, no mutual funds. Single stocks only. + +Mine are: + +MSFT- My favorite tech stock by far. In the long term always seems to keep up with the pace of new tech and has solid workforce and at least since they dropped Balmer, management is on point. (Edited for spelling) + +AMZN- Absolute monster. Hard to not want it in my line up. They will continue to grow and buy up/absorb new tech and not afraid to buy up the little guy to increase their market share. + +AMD- I like them for the fact that their tech has been setting the bar as of late. While Intel or Nvidia might be bigger and have more market share, i think AMD has more potential over a long term. + +HD- I like the grasp on the non tech market they have. They do well during economic growth. They sustain during economic lulls. And even though I'm a Lowes guy, they are the workhorse in household consumer goods and building materials. + +BA- Chose this over an airline because it moves with the same news, but is tied in closely with US Military spending and will sustain over times of peace and war. + +Note: Honestly i invest 70ish% in funds. And only about 25% of my portfolio is in blue chips. But thought it'd be fun to see what people choose and they're reasoning. +Original thread: +https://www.reddit.com/r/personalfinance/comments/3n8f0a/debt_collector_demanding_4000_three_months_after/ + +Wow, I have to thank everyone here who gave me advice , because it worked! I went from being hounded by debt collectors for $4,000 and ignored by my former apartment office two weeks ago to receiving a check in the mail today for more than $600, an official account statement declaring I owe nothing to the apartment office, and a letter from the debt collection agency stating that, at this time, they were unable to validate my debt! + +I honestly have no idea why I received this $600 "refund", as the apartment office never previously stated while I was moving out that I should expect it. Either I just have a bad memory or it was a result of my interactions with them after finding out they sent me to collections without reason or notification. + +I am so grateful I came to this sub for advice rather than losing my head and just shelling out cash to get it off my mind. To anyone who feels they are being asked to pay a debt in error, the advice given in this subreddit, particularly in the FAQ entry on collections, really does work; no matter how rude and insistent the debt collectors are, the system really does protect those in the right. +Fun fact: ADA was exactly 1$ on the 22nd of June, now it's 2$! + +This is just a reminder of how important it is to buy the dips and DCA even more so during bear markets. Buying in a bear market means bigger profits during bull markets. +I was just listening to a podcast with an investment advisor who said that he and his clients are all long equities and they have stop loss orders placed in case of a crash. As the market goes up they raise their stop price. + +However, I was wondering how this would work if the market is closed, or if the circuit breakers kick in, and when the market re-opens the prices are all well below their limit/stop price. + +For example, lets say the Dow closes at 36,000 and some terrible news event occurs overnight there might be no way people would be able to exit their positions at 36,000. They wlll have to sell after the market opens right? And the market wil open much lower than 36,000. + +Also, if word gets out that certain investors were able to sell, while retail investors were unable to get their orders filled this could lead to a full scale revolt. + +Is this concern legitimate, or are their controls in place to prevent retail investors from getting hosed while the well connected all exit their long positions? +OH hey, it's you apes again. Don't mind me. Ha ha. I'm just using this hot tub behind your Ape Commune. +Nice water heater you got there, for literal stock trading apes. + + +[Ahhhhhhhhh, relaxing.](https://preview.redd.it/humncsvi0zy61.png?width=512&format=png&auto=webp&s=ace2f394575179c8da244548ecb37e0c67fdbc54) + +# So i bet you are wondering why i'm here again, sake in hand. Well, it's because i'm Celebrating.Celebrating what, you ask? Why, celebrating this hot little [https://imgur.com/a/G7YebCP](https://imgur.com/a/G7YebCP) Link right here. + +Why? Because this is 170+ Smear pieces written by the /SAME COMPANY/ in as little a span as a month. +This is written by the slimy little clowns at "The Motley Fool" A little company i'm sure we are all familiar with by now. +You know what's weird, despite claiming to be a "Financial Advisory" company, they are just one of 3 parts of a larger whole? Their parent company is actually a Hedge Fund Themselves. +Kinda odd how a hedge fund can give out "Stock Advice" in the form of these smear pieces that have no evidence backing them. + + +# WOULD BE A SHAME IF SOMEONE WERE TO LEAVE A MASSIVE NUMBER OF THEIR PAST ARTICLE HEADLINES HERE, WOULD BE A SHAME IF GARY GENSLER SAID LYING TO PEOPLE FOR ANY REASON ON STOCKS WITHOUT EVIDENCE WAS ILLEGAL MARKET MANIPULATION. + +Tell me, are "in house expert opinions" with no backing evidence to support those claims solid evidence? +This gibbon sure as heck does not think so. +What about you apes.? + + +# *SIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIP* + +Sure would be a darn shame if someone whistleblew them or called them out on this behavior, just like Marketwatch and all of them do as well. +Would be a SHAME if the apes showed them what happens when you lie to people... + + +# Too bad i'm just a goombler, dropping little nuggets of knowledge in the bet against crime. + + +Have a good night boys, gals, and anything your heart desires! Time to go dig up more dirt on these creeps. +Nationwide are giving their members [a chance to win up to £100,000 every month, for the next 12 months](https://www.nationwide.co.uk/about/why-choose-nationwide/member-prize-draw). And, all you have to do to "enter" the draw is to have a current account, mortgage, or savings account with them. + +Seeing as a lot of people on this sub are interested in Premium Bonds - and the chance they offer to win large sums, risk free - I thought this might be of interest to many of you as well. + +Does anyone know of other banks/building societies that offer similar "prize draws"? + +I know that Nationwide also have a "[start to save](https://www.nationwide.co.uk/products/savings/start-to-save/features-and-benefits)" account, but that only offers the chance to win £100 every 4 months. + +Halifax has a [savers prize draw](https://www.halifax.co.uk/savings/savers-prize-draw.html) which has some big prizes. And, various credit unions let you enter a [draw to win up to £5,000](https://www.commsave.co.uk/savings/prize-saver). + +Are there any others I'm overlooking? +Example reasons: + +- Guidance is consistently accurate or conservative +- Significantly cut down costs +- Retains high quality employees/executives due to culture +- Issues are communicated to investors clearly and well in advance +- Management minimizes shareholder dilution +- Navigates difficult political engagements + +What were their best and worst moves? + +Note: They do *not* have to be successful stocks. Are there examples where management was incredible but the stock just couldn't make it? Is good management actually a good indicator for a stock's performance? + +On the other hand, how about stocks with poor management but relatively strong financial performance. + +Curious for examples with more detail than just "Su is bae" + +Edit: I encourage answers that aren't simply listing Ticker names +What are some investment strategies that you have utilized that may take a little upfront work, but have great returns in the long run? + +And no, mutual funds, stocks, ETFs and buying rental properties have all been talked to death here. I'm more asking about something not everybody thinks about, but are actually great strategies that have worked for you. + +Thanks. +I got a medical bill of $1350 after insurance for an ankle surgery (I already paid $1000 pre-op). I simply emailed the billing department asking if I can get any discount on my bill and 5 minutes later I got reply for a 20% discount. + +For a couple minutes of my time I was able to save $270. The lesson is always negotiate even if your insurance is taking care of most of the bill. Every dollar counts and never afraid to ask. + +Update: I took some advice from the replies and went through the bill itemization. I Googled the surgery codes and find out one had to do with surgery on the hand. I had surgery on my ankle so I called the doctor's office and found out that they charged me for an extra procedure "by accident." + +ALWAYS DOUBLE CHECK YOUR BILL, NEVER TRUST THE HOSPITAL TO GET IT RIGHT! +This post was deemed off topic in r/antiwork so I'm posting it here for posterity. +______ + +When you look around you and you observe the way the world works today you get this feeling that something is wrong. You see rich people with more wealth that they could possibly enjoy in a single lifetime and then you see yourself, struggling and you can't understand why, why are you living month to month barely getting by. You talk to people like r/antiwork and you find out you are not alone so you lach onto one of the popular explanations for why this is. The rich man is bad! The government is bad! The capitalist system is bad! You are being exploited at your job! etc etc + +But you never learned what really is the primary cause of your suffering. And it's this: https://youtu.be/sI1C9DyIi_8 + +You don't understand the exponential function and just what 2% per year inflation target by your central bank really means for your money. + +You don't understand that this POLICY, publicly stated by YOUR central bank, is the main reason why you can't get ahead. Because you don't think 2% per year is a big deal. You don't get how the exponential function works as it's very counter intuitive. You don't get that 2% per year means in just 35 years your money will be worth HALF of what it was on the day you earned it. And you don't understand that if they overshoot their target(again publicly stated as some sort of virtue called "price stability") and the inflation is really 7% this happens in just 10 years. 10 fucking years and your savings lose half of it's purchasing power!! + +THIS is the cage you are in. + +It's the monetary system of steady decrease of the value of money you earn. And guess what, the way this inflation is achieved helps out the richer getting even more rich. + +I guess what the purpose of my message to you is, understand the cage you are in. Because if you fail to do this, you will never get out. Learn about money and monetary systems, support people who speak out against the current global monetary enslavement scam, put your wealth into money and assets that can't be inflated(gold, bitcoin, land, commodities) and spread this knowledge. + +It's not hopeless. In fact with the invention of the internet and Bitcoin it's as hopefull as it ever was as this is a really really old scheme(think Romans old) and we have tools to fight it for the first time in human history. But you have to learn what the real problem is, the exponential function is really counter intuitive and it's how they keep you blind to just how much pain their 2% per year cuases you. + +Good luck and peace out. +The Internet is a buzz with financial advisers and other so called experts talking about the glories of waiting to collect Social Security. DELAY, DELAY, DELAY, they say. + +They promise a 7-8% "annual return." But it is not a true annual return. Instead your monthly checks will be 7-8% higher if you delay collecting for a year. The reason your Social Security check is 7-8% higher each month if you delay a year is you don't get a check while waiting. So you are not getting an investment return because there is no money given to you while you wait for benefits. + +A 8% investment return would mean that you had, for example, $1000 and your investment increased 8% and now you have $1080.00. But when you delay your social security a year, you have no base of funds to work with, so there is no real return on your investment in a traditional sense. Your annual return while you wait is $0. You only get a return in twenty years or so. + +Please, call it what it is when you delay Social Security: A increase in your monthly check of 7-8% by delaying your benefits because you did not get any checks the previous year. It is not an annual return! +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. +(Cross posted from r/casualuk) + +£250 spare + +Hi, just a quick one - we have about £250 spare a month after bills and food etc. At the moment we use it to pay off debts, but we only have one more month of that. Is £250 a terribly thin margin? It feels huge because we are obviously used to not having it to 'spare'. + +We do plan on having 6months emergency saved although I think actually it might need to be more like 12 in this current climate? + +Presumably the £250 just going to get eaten into by the COL rise... + +Any is this an uncomfortable margin for you wise folks? +In real life I have a long been dubbed 'the devils advocate'. I've laughed this off for years. I'm not a devils advocate. I'm just inclined to see problems others do not. + +I am also very interested in what is developing right now. But I haven't forgotten who these people are. + +So, let's pretend FTX is a ruse. A massive distraction from the right hand while the left hand does.... + +Maybe some of you can help me look for those left hand tricks. They may not be there. But if the last 2 years has taught me anything it's: "expect fuckery". +RH won't let you buy more $GME shares? + +Share price too high for you? + +Looking forward to seeing this mysterious "squeeze"? + +&#x200B; + +What if I told you there is a way to: + +* support over 14k Employees +* make 7m degenerates happy +* be a part of the history +* say FU to some greedy folks who wanted this company to go bankrupt + +&#x200B; + +If the answer is yes, then **listen up**. + +&#x200B; + +We don't know how when shorts will be margin called. Remember: SHORTS DO NOT EXPIRE. + +What we know is that Q4 earnings report is coming. Cool. So what's the deal? + +&#x200B; + +Here's an interesting fact from recent Holiday Sales report: + +>E-Commerce sales, which are included in comparable store sales, rose 309% and represented approximately 34% of total company sales, with total worldwide E-Commerce sales year to date reaching over $1.35 billion, far exceeding the Company’s $1.0 billion growth objective. + +# Do not underestimate this. + +&#x200B; + +We perceive this company not as a next Blockbuster, but as a next Netflix that can adapt to changing circumstances. GME's online sales are growing each and every quarter in a rapid pace. + +This company is transitioning faster than you can correctly spell "retard" and we can help it accelerate to velocities of a fucking rocket ship. + +&#x200B; + +Did you know that GME has other brands under its shield? + +From [gamestop.com/about-gamestop](https://gamestop.com/about-gamestop): + +>The company's global family of brands include GameStop, EB Games, Micromania, ThinkGeek, and Game Informer magazine + +&#x200B; + +**How can we help?** + +It's as simple as visiting one website from below and purchasing one item. + +* If you are from the USA hop into [gamestop.com](https://gamestop.com). +* The Irish are not left behind, [gamestop.ie](https://gamestop.ie) welcomes you. +* For our Canadian brethren, [ebgames.ca](https://ebgames.ca) awaits. +* Here, here, French warriors [micromania.fr](https://micromania.fr) is to be conquerd. +* Aussie brothers, say no more: [ebgames.com.au](https://www.ebgames.com.au/). +* Kiwis, no need to worry, [ebgames.co.nz](https://www.ebgames.co.nz/) is here for you. + +Oh, there is more. Have you heard about PowerUp membership that gamestop offers? + +If not, here you can read about it: + +[https://www.reddit.com/r/GME/comments/l296tx/why\_you\_should\_buy\_powerup\_pro\_from\_gamestop/](https://www.reddit.com/r/GME/comments/l296tx/why_you_should_buy_powerup_pro_from_gamestop/) + +It's powerful way to support the company and it's a great deal to be honest. + +&#x200B; + +TLDR: + +💎🚀 🚀 🚀 💎💎🚀 🚀 🚀💎 + +BE. PATIENT. + +Make a friendly visit [gamestop.com](https://gamestop.com)/[gamestop.ie](https://gamestop.ie)/[ebgames.ca](https://ebgames.ca)/[ebgames.com.au](https://www.ebgames.com.au/)/[micromania.fr](https://micromania.fr)/[ebgames.co.nz](https://www.ebgames.co.nz/)/ and buy just one thing. + +Wan't to become Ryan Cohen's best friend? + +Visit [gamestop.com/poweruprewards/](https://gamestop.com/poweruprewards/) and become a PowerUp member. + +💎🚀 🚀 🚀💎💎🚀 🚀 🚀💎 + + + +I am not a financial advisor. I just like the stock. + +Edit: I am retarded and can not spell properly. +I arrived in the UK about a month ago and slowly realizing that I need to build a credit history to be able to prove who I am, get mobile contracts etc. Any tips on how I should go about this? + +I have registered on the electoral roll and thinking about applying for a credit card (any recommendations?). Should I create an account with one of the credit agencies? +“Hedge funds, investment bankers and other institutional investors are desperate to find the next GameStop -- before it's too late. + +That's why Thinknum Alternative Data quickly built and launched a tool that provides its hedge fund and investment bank clients a ranking of the most-mentioned stocks on WallStreetBets as well as the Stocks subreddit.” “The tool gives sophisticated investors a way to avoid getting their short positions blown up -- and the option to bet in tandem with retail investors. "The inbound inquiries from people asking about the dataset has been insane. I've never seen anything like it," Justin Zhen, Thinknum's co-founder and president, told CNN Business.” + + +Honestly, we should start mentiom some crazy shit stocks and fuck with their algorithm, so the next report they get is of some shitty company from butt fuck nowhere +When I graduated college in NJ with a CS degree I did what most people thought was smart; I stayed home and saved as much money as I could. My girlfriend (a speech pathologist) did the same. + +At that time a house that would fit the image of our “dream home” was $400k. We live in a mid-high COL area for NJ. Her parents thought we would have to buy something cheaper and fix it up to make it that way. I kept working harder and harder and learned everything I could to get promotions and eventually switched jobs. That dream home would easily be a reality now. + +We make about $180k ($110k & $70k) combined now. That $400k house should be a walk in the park. But it’s not. It’s $650k. The houses here just keep rising and rising. When the pandemic started and no one knew what was going to happen we stayed and kept stockpiling cash. Yet to our dismay the housing market boomed and basically everything we saved was cancelled out. + +Her brother bought a house for $280k with $5k down and we helped him fix it up. They put about $120k into it. It’s now worth like $600k or more. A house in the exact same run down state just sold for $480k down the block. I don’t know how to reconcile with that. Taxes are $14k. + +With just starting a new job I didn’t feel comfortable buying an over half a million dollar house so we found a decent place to rent where we could keep saving. I’ve heard horror stories of people getting let go soon after starting. Two of the people who interviewed me were gone within a month of starting but luckily things have been good and I think I’ll be here for a while. + +Now I’m terrified of what the prices are going to be in a year or two when we move from here. Or what if they keep going up and now interest rates are also going up. Which causes me so much anxiety whenever I consider anything else like buying a car or going on a simple vacation. I’m even more terrified of buying a house for so much more than it was worth and giving up so much money for the rest of my life for other things just for the prices to plummet and be in the red forever. + +I’m even more angry than I am worried. I feel like I did everything right yet because I graduated when I did and the stupid pandemic caused a housing boom I have to just bite my tongue and be happy that everyone’s houses are so go damn expensive now. I know there are people with so much less than me. I was poor my entire life and I wanted to turn things around and be better but now I feel like a fool. + +Looking at houses nearby that sold for X in 2020 just to be resold again this year for $150k more with nothing done to them sends me into a spiral of anger and depression. I’m sure other people feel the same and I don’t expect anyone to feel bad for me but I’m so frustrated. + +Never in a million years would I have expected to progress so far and have it feel like so little. If I had bitten off more than I could chew and plunged myself into debt I’d be better off for it right now somehow. Ass backwards. +So I’m here visiting my pops, (Ottawa, Canada for those curious) + +On the TV there’s a local news station and they’re interviewing people who yolo’d their life savings into crypto and lost everything, all the doom and gloom and FUD they can throw at Bitcoin was thrown. Somehow there’s massive amounts of pity for these sore losers + +Do you think they would be complaining if they didn’t paper hand and lose all their money? What if they just understood how to invest in the first place and they made bank? + +I’m just so mad that these people get off with no personal responsibility... I just lost about $6,000 this week in alts, other than this sentence I haven’t complained about it and I certainly don’t think my losses are due to anything but me paperhanding some shitcoins I should of never bought in the first place. + +So frustrating..... + +Edit: if someone finds the newscast they also discussed this event as well: https://www.google.ca/amp/s/beta.ctvnews.ca/local/toronto/2020/10/8/1_5138828.html + +They ended the segment with a question as to whether Bitcoin should be banned pending legislation +Fellow highly regarded apes, we are now sitting at the beginning of something greater than we had ever seen. This isn't just "another squeeze". This next one will be greater than before. Here's my retarded analysis coming out of my highly-polished smooth brain. + +**First of all, let's talk about the REGSHO.** [$BBBY showed up at the REGSHO](https://www.nasdaqtrader.com/trader.aspx?id=regshothreshold) approximately sometime the beginning of last week. And according to the REGSHO regulation, [which you nimble-fingered apes can click here](https://www.sec.gov/investor/pubs/regsho.htm): + +>In addition, Rule 203(b)(3) of Regulation SHO requires that participants of a registered clearing agency must immediately purchase shares to close out failures to deliver in securities with large and persistent failures to deliver, referred to as “threshold securities,” if the failures to deliver persist for 13 consecutive settlement days. + +&#x200B; + +We are talking about T+13 days here, and that's 13 trading days you retards, not calendar days. So that means if you open up your dusty calendar and count with your finger, you will see that it's going to fall sometime next week, toward end of the month, which brings us to the next point: + +[The "End of Month" announcement.](https://sec.report/Document/0001387131-22-008865/) The company is going to make an announcement toward end of this month. We don't know what it is, but we can speculate it is the transfer of their buybuyBaby to the equally retarded Ryan "paper-hand" Cohen. What is that retard going to do with it? Probably send it to space, but that's another story. How much did he buy it for, we do not know, but for sure more than $1. + +What does this mean? That means the shorts who have been sitting not covering their ass last few days thinking they have won, are now going to get their ass shoved back to them to cover as we are getting close to T+13, and that's as early as next week. + +But WAIT! [HOLY COW THE SHORT INTEREST REPORT IS COMING OUT END OF DAY TODAY!!!!](https://nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch). This will add gigazillion gallons of fuel to the fire! This short report will include data up to Aug 15, which is when $BBBY was mooning from $4.5 to $17. + +This squeeze isn't going to be easy! They are going to continue shorting to fight the price back down, so we will be seeing some resistance. [Number of shares to short was 1M yesterday](https://iborrowdesk.com/report/BBBY), and is now dropping fast as we speak, while fee is increasing. + +https://preview.redd.it/avgegtonloj91.png?width=369&format=png&auto=webp&s=89e5f22f5cf008fa98872db16a391e451c8f8788 + +**The momentum begins NOW**. It will be shaky for a bit, but my low IQ is telling me it will eventually moon. + +&#x200B; + +Disclaimer because tinfoil: Do not put money that you cannot afford to lose. There's no "WE". Make your own financial decisions. A squeeze is not guaranteed. No money back guarantee. This is a casino. Gamble responsibly. This is not a financial advice. I am not your financial advisor, just a regarded Wendy's employee working extra shifts. +I just switched across M&A shops as an analyst and my new firm uses Cap IQ. I've previously used Bloomberg for all my research and modeling. I really liked BBG's depth across commodities, fixed income, and currencies, but I always felt there were data holes in the equities data. + +So far I really like Cap IQ's transaction data and their equities data seems to be more robust than BBG's, but they seem to be limited when it comes to commodities and fixed income. + +What are some of the opinions out there from redditors that have used the above services? +I'm doing research at the moment on the Accredited Investor standard and possible changes that should be made to it. I'm assuming most people responding will understand the premise of how the Accredited Investor standard applies/works. Essentially, what I've found is that the policy/rationale for the Accredited Investor standard has pretty much never been stated, nor has the standard been empirically shown to have a positive effect. I understand that the rough basis of the standard is to protect unsophisticated investors from losing their money to fraud and other bad investments while preserving their relatively small amount of money for "socially desirable" actions like home buying etc. + +There are a few problems I see with the standard: + +(1) Wealth is an poor proxy for sophistication - For example Lady Gaga, who would be considered an Accredited Investor (via net worth or annual income), whereas pretty much no 2nd year investment banker or PE guy will be an Accredited Investor (assuming no family wealth, on the basis that they haven't had 2 years of $200k+ income, unless there's some special exemption for them that i'm missing here?) + +(2) I get the argument that these wealthy people can afford to hire investment advisors and so they can basically "buy sophistication" by hiring someone. But even most lay people can hire an investment advisor of some kind and besides, that's the point of many of these investments in the first place, (hedge funds or VC funds for example) that they will use your money in an area they are sophisticated but you are not. + +(3) $1MM is a very low number that leaves in a lot of people that are not going to be very financially sophisticated (on average) such as late career doctors and lawyers. + +(4) We have many financial certifications (and other practices such as Law and Medicine) that require the passing of tests to demonstrate ample sophistication to practice, why can't something like that be permitted here? + +It also occurs to me that the standard probably contributes, at least a little bit, to wealth disparity, by preventing the "poor" from having access to the earning mechanisms of the "wealthy." + +Thoughts? Comments? Tell me why I'm wrong and this standard is absolutely critical to the global economy? + +EDIT: Thanks so much to everyone that has chimed in with their thoughts. I'm actually working on a 40+ page research paper/academic article on this topic (I picked the topic, so I'm also genuinely interested in discussing it, not just using people to help me write my paper) and this has already helped me significantly in uncovering a lot of arguments both against my proposition and even some for it (that go even further free market than my thoughts). I'm not done discussing or anything, just wanted to say thanks to everyone that has chimed in for taking the time to do so, in a place that people will see it. +I'm doing research at the moment on the Accredited Investor standard and possible changes that should be made to it. I'm assuming most people responding will understand the premise of how the Accredited Investor standard applies/works. Essentially, what I've found is that the policy/rationale for the Accredited Investor standard has pretty much never been stated, nor has the standard been empirically shown to have a positive effect. I understand that the rough basis of the standard is to protect unsophisticated investors from losing their money to fraud and other bad investments while preserving their relatively small amount of money for "socially desirable" actions like home buying etc. + +There are a few problems I see with the standard: + +(1) Wealth is an poor proxy for sophistication - For example Lady Gaga, who would be considered an Accredited Investor (via net worth or annual income), whereas pretty much no 2nd year investment banker or PE guy will be an Accredited Investor (assuming no family wealth, on the basis that they haven't had 2 years of $200k+ income, unless there's some special exemption for them that i'm missing here?) + +(2) I get the argument that these wealthy people can afford to hire investment advisors and so they can basically "buy sophistication" by hiring someone. But even most lay people can hire an investment advisor of some kind and besides, that's the point of many of these investments in the first place, (hedge funds or VC funds for example) that they will use your money in an area they are sophisticated but you are not. + +(3) $1MM is a very low number that leaves in a lot of people that are not going to be very financially sophisticated (on average) such as late career doctors and lawyers. + +(4) We have many financial certifications (and other practices such as Law and Medicine) that require the passing of tests to demonstrate ample sophistication to practice, why can't something like that be permitted here? + +It also occurs to me that the standard probably contributes, at least a little bit, to wealth disparity, by preventing the "poor" from having access to the earning mechanisms of the "wealthy." + +Thoughts? Comments? Tell me why I'm wrong and this standard is absolutely critical to the global economy? + +EDIT: Thanks so much to everyone that has chimed in with their thoughts. I'm actually working on a 40+ page research paper/academic article on this topic (I picked the topic, so I'm also genuinely interested in discussing it, not just using people to help me write my paper) and this has already helped me significantly in uncovering a lot of arguments both against my proposition and even some for it (that go even further free market than my thoughts). I'm not done discussing or anything, just wanted to say thanks to everyone that has chimed in for taking the time to do so, in a place that people will see it. +I just woke up, had this amazingly vivid dream about GME. Good news, it's gonna go up, bad news. You motherfuckers start preemptively selling and it can't fully reach what it could. I jumps from 420 at opening to 1k steadly and pretty quick, then a massive sell... it drops to 20 dollars instantly. It jumps again, but not back to to the hundreds easily, it steadily climbs, and reaches 500, then 4k then i myself placed an order at 7420.69 miself. And i sold. Cuz i knew you motherfuckers couldn't hold it. And i was right, it peaked at my sell... And then it went down to 17 bucks, and. It stayed there... + +Don't let this happen, don't sell on monday 💎💎👐👐👐💎💎 + +Not a financial advice, i litteraly dreamt of it. I like the stock. I'm retarted. Don't listen to me. I eat crayons. +The numbers: Some 326,000 people who recently lost their jobs applied for unemployment benefits in early October, marking the first decline in a month and pointing to further improvement in the U.S. labor market. New jobless claims paid traditionally by the states fell by 38,000 in the seven days ended Oct. 2 from 364,000 in the prior week, the government said Thursday. Economists polled by The Wall Street Journal had estimated new claims would drop to a seasonally adjusted 345,000. + +Before the most recent decline, new applications for jobless benefits had risen three weeks in a row, raising questions about whether the delta variant had forced more businesses to lay off workers. Yet most of the increase took place in California and suggested the problems were not widespread. The rest of the states have largely seen applications for unemployment benefits flatten out or decline over the past month. + +The number of people already collecting state jobless benefits, meanwhile, dropped by 98,000 to a seasonally adjusted 2.71 million. These so-called continuing claims are near a pandemic low. Altogether, some 4.17 million people were reportedly receiving jobless benefits through eight separate state or federal programs as of Sept. 18. That’s down sharply from 11.3 million at the start of the month, mostly because of the end of temporary federal program to help the unemployed. + +The critical U.S. employment report for September that comes out on Friday could shed light on whether more people are returning to the labor force. Wall Street economists predict job creation will more than doubled to around 500,000 from just 235,000 new jobs created in August. + +[https://www.marketwatch.com/story/u-s-jobless-claims-sink-38-000-to-326-000-in-sign-of-improving-labor-market-11633610565?mod=mw\_latestnews](https://www.marketwatch.com/story/u-s-jobless-claims-sink-38-000-to-326-000-in-sign-of-improving-labor-market-11633610565?mod=mw_latestnews) +ELON MUSK TERMINATES TWITTER MERGER AGREEMENT. TWITTER SHARES SINK 7% IN POSTMARKET TRADING. Bloomberg. + +Update: Twitter plans to enforce the deal at $54.20 per share. + +https://www.bloomberg.com/news/articles/2022-07-08/elon-musk-terminates-twitter-merger-agreement-twtr +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. +So i was in a work accident when i was 18, i received a lump sum 2 years ago, i was drinking a lot then so i asked my mom to hold onto it till i sobered up which i have.... I've received a steady income and since my accident people from my moms side have come to me for loans.. On top of the $21,000 i put in my moms savings, her family, my sister, grandpa, uncle, and my mom, owe me around $4150 from over the years, i was recently approved for a mortgage and forced my mom to show me my savings account and found out i was sitting at $17,000, she dipped in when she was helping refugees in kos for 2 months... She's going back to help refugees, even though she's broke, again, but refuses to transfer my money "until i buy an apartment" which makes no sense since i need the deposit before hand... I'm done with my moms side of the family, taking advantage of a disabled persons income is just sad, any advice is welcome. +It has my full name and address and some of the bill was paid with insurance. Super weird and freaking me out. + +Update: They told me at the office that my name is right above the Mom’s on their drop down menu in the system and it is corrected. + +I am still going to call my insurance company and let them know but my insurance wasn’t billed for it, theirs was. + +Thanks for all the help! +I have set myself up to have a free summer before I start my FT career in September. I'm going to be living in Germany with my girlfriend for the duration of that time. Besides working on my German, what would be some productive uses of that time? +We're looking at a primary home that's lakefront in the Chicago suburbs. We're very excited about the house, views, neighborhood, etc. + +With that said, the stairs have been destroyed with rising lake levels, I think the funicular needs new work, etc. Beyond that, we'll bring in an engineer to look at the bluff itself, ways to protect against erosion, etc. + +We get that there will likely be more expense due to erosion and whatnot, but does anyone have experience here to inform what we might be in for? Offhand I've heard of spending money on managing erosion, adding sand to the beach, stairs, funicular, etc. What else are we missing / should we be worried about? I also assume homeowners insurance will be quite a bit higher? +Here is an overview of what has been happening with Tusker Finance. + +1. A new medium article was just released with an overview of the vision and roadmap for the project. + +[https://tuskerfinance.medium.com/the-elephant-in-the-crypto-space-212b63c0593b](https://tuskerfinance.medium.com/the-elephant-in-the-crypto-space-212b63c0593b) + +Here is a summary: + +1. Tusker Finance — [https://tusker.finance](https://tusker.finance-/) — is a DCO (Decentralized Charitable Organization) dedicated to elephant conservation. $TUSK serves a dual purpose as both a governance and deflationary token. The sole purpose of this project is to be a community-run organization focused on building partnerships with and supporting elephant-based charities. +2. The first successful donation of 1 ETH was made to the Wild Tomorrow Fund from the charity wallet. You can read the Tusker team's interview with them here:[https://tuskerfinance.medium.com/the-following-is-our-interview-with-wendy-hapgood-and-john-steward-of-the-wild-tomorrow-fund-55ec9a1e41bf](https://tuskerfinance.medium.com/the-following-is-our-interview-with-wendy-hapgood-and-john-steward-of-the-wild-tomorrow-fund-55ec9a1e41bf) + +As part of the donation, all participants received a commemorative NFT designed by the community.[https://tusker.finance/nft](https://tusker.finance/nft) + +3) The governance vote has finished and the next charity to donate to will be C.R.O.W, an organization that helps train and equip rangers in their fight against poachers. Tusker only donates to charities with public Ethereum addresses to maintain transparency. + +4) A new website is being developed to better reflect the project. + +5) CG & CMC listing have been submitted and are pending. + +6) Multi-sig charity and marketing wallet + +In addition to the usual 2D NFT awarded to all participants, this donation will offer a rare 3D NFT to everyone who makes a direct donation to either the charity wallet or the marketing fund. + +Now that the sniper-bots and whales have come and gone, this project is in a much healthier place with a dedicated community. Come check us out and join us as we grow this project into something big, and help Elephants while doing so. Elephant conservation is a real issue, with over 90% of the population having been wiped out in the last century. This project can take the speculative energy of crypto and put it towards some real good. +🎉Welcome to Rafflection!!🎉 + +We are now live trading on PancakeSwap!! https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x683b98716c1bde0d7de9362ec304e7f81a6c68ab 🥳🥳 + +Presale SOLD OUT 500BNB. + +Other useful links and information: + +📈 Chart: 0x683b98716c1bde0d7de9362ec304e7f81a6c68ab + +🎥 AMA Recap: https://t.me/rafflection/3737 + +🌎 Website: https://rafflection.net + +(https://rafflection.net/)📑 Token Contract: https://bscscan.com/address/0x683B98716c1Bde0D7dE9362Ec304E7F81a6c68Ab + +📑 Raffle Contract: https://bscscan.com/address/0xa6265f002c1ef9c5ae8863037a6b655b37ec7461 + +📊Tokenomics: + +Supply: 1T Presale: 320B Liquidity: 200B - Locked 5 years Initial Burn: 223.6 Raffle Wallet: 100B Team Wallet: 150 BNB - LOCKED here https://dxsale.app/app/pages/dxlockview?id=0&add=0xaec3CeE4DBee410574b4849783C69bd86FAc7f79&type=tokenlock&chain=BSC + +🎉🎉Project Summary & Features🎉🎉 + +Rafflection is a deflationary, static yield farming, automatic liquidity injection protocol, with a custom incentive mechanism on the Binance Smart Chain. The supply of Rafflection will diminish over time. All holders will simply farm more tokens by holding Rafflection in their wallet, and there will always be a liquid market, and at each time interval, a holder will be randomly chosen who will receive several tokens. All LP tokens from the automatic liquidity injection are sent to the burn address. + +BONUS: Every 8 hours a random address that has a minimum amount of tokens will be rewarded a minimum of 50% of their balance. Even if you don't win, there will be a fee taken from the reward and distributed to all the other holders so it's a win-win scenario. + +✅ 8% fee on each transaction + +✅4% will be distributed among all holders. This will also mean that some portion will be distributed to the burn address thus burning a percentage of each transaction. + +✅2% will be injected into the liquidity pool WITH ALL LP TOKEN BEING BURNED. RUG-PULL PROOF + +✅The last 2% will be sent to the ‘Raffle’ contract (the custom incentive mechanism). + +✅ 80% of presale BNB to PancakeSwap liquidity with five years locking period + +✅ 20% of presale BNB to initial marketing + + +The deployment and use of StaySAFU would allow any investor to screen any 'project' much more effectively, and therefore reduce their losses caused by scams. Any investor using StaySAFU will therefore have more capital to invest in the right projects; allowing, mechanically, a growth of crypto-assets that have real value. Moreover, a virtuous cycle will take place in terms of reducing scams: scammers will earn less and less money, and consequently will probably change their activity. StaySAFU, in short, is the end of scam tokens, and the redirection of stolen capital into the relevant projects. + +Their token scanner is already up and running : [https://t.me/SAFUScannerBot](https://t.me/SAFUScannerBot) + +Few stats : + +Scanner users : 3,150 Scanned tokens : 18,900 Market cap : 300,000$ Fees : 1% project wallet fee + +Why buying $SAFU is profitable ? + +The price of the token will not be based on pure speculation, like the others, but on the success of StaySAFU: no need to panic sell if you believe in the project since the buy & burn mechanism ensures a strong link between the success of StaySAFU (scanner) and the price of $SAFU : 50% of the profits made by StaySAFU will be used to buy and burn $SAFU. + +Links : + +Community : [https://t.me/StaySAFUOrg](https://t.me/StaySAFUOrg) Website : [https://staysafu.org](https://staysafu.org/) Contract : 0x890cc7d14948478c98A6CD7F511E1f7f7f99F397 +Did you miss SHIB? Miss AKITA? Well, heres the next actual Dog Moonshot. + We, Hokkaido Inu (HOKK), are Japanese hunting dogs hailing from the mountains of Hokkaido Island, Japan. + + + Many refer to us as DOGE’s little brother, SHIBA’s first cousin, and FEG’s best friend. We mesh well together, and we never say no to a good hunt for some Akitas! + + +Together, we are building a decentralized transaction network operating on the Ethereum blockchain. HOKK, our naturally deflationary token has a max circulating supply of 100 Quadrillion. With each successive transaction, a tax of 1% will be distributed to the holders and a further 1% will be burnt. This incentivizes our fellow Hokkaido to hodl and decrease market supply overtime. + +Hokkaido.finance + + + + +## DECENTRALIZED + + HOKK is fully decentralized. All decisions are made by the community. + +## BURN RATE + + Each transaction triggers a burn rate of 1%, which decreases the supply of HOKK over time. + +## REWARDS + + HOKK rewards its holders with a 1% tax on each transaction to punish weak hands. + +## DEVELOPMENT + + HOKK is building a community focused decentralized transaction network. Keep an eye out for our roadmap (coming soon). + + +0x9314941c11d6dee1d7bf93113eb74d4718949f3b + + +Set slippage at 5-7%. If that don't work, try using a "round" number of Hokkaidu. If that doesn't work. Increase the slippage a little more + + +Come join the Fun! + + +[https://t.me/HokkaidoInu](https://t.me/HokkaidoInu) +Just became aware of the rule(law) that states you must have 25k in your account to day trade on a regular bases.Is this a thing? Am I misunderstanding? +**TL;DR:** Bitcoin\.com used to publicly release and track changes of their wallet's source code. Currently it is NOT true anymore for the most recent version~~s~~ (~~5.x/~~6.x). **Please be careful, trusting a closed-source/non-public source wallet is VERY risky for your funds.** + +--- + +This wallet is mainly an altcoin focused wallet nowadays, it has [multiple other flaws](https://np.reddit.com/r/Bitcoin/comments/bts0z4/i_hear_bad_things_about_the_bitcoincom_wallet_can/ep1wprs/) and [serious unresolved security issues](https://www.coinbureau.com/news/jaxx-bitcoin-com-wallet-vulnerabilities-discovered-researchers/). + +But since it is still possible to store actual Bitcoin funds on it and it appears in the first results of a search for Bitcoin wallets (due to its name) on various App stores I've figured this post could be useful to new/unaware users. + +This wallet is supposedly (hard to tell without source code) still a fork of Bitpay's CoPay wallet which is under MIT License. If this is the case authors have no obligation to publicly release the source code, but up until the last couple versions it was public and tracked on [this GitHub repository](https://github.com/Bitcoin-com/Wallet). + +Without any justification the new releases are now happening [on a new GitHub](https://github.com/bitcoin-portal/bitcoin-wallet-releases/) belonging to apparently "bitcoin\.jp", without any tracked source code in the repository and with only binaries available for download. + +There are compressed files named "Source code" along the releases, which are empty (only containing a meaningless README file in them). Those files could easily be there to deceive people into thinking everything is like before and that the source code is still available but it clearly is not the case. + +You should never use a close source wallet as it generally implies that nobody was able to independently review and audit it. Without this ability, you have no guarantee that this application is not going to leak and/or purposefully steal your private keys/seed/funds. When a wallet goes from a public open-source model to a closed source/non-public source like this wallet it is even more suspicious. + +I've seen Roger Ver being asked about it multiple times on r\/btc and he only directed users to the new GitHub, without further comments when people pointed out there was no source code there. + +So please, be careful, and **do NOT blindly trust this company with your funds**. There are [plenty of wallets](https://docs.google.com/spreadsheets/d/1aZ1zbaUEzCo9NCctN8-eL2VLIiSdY009tTJvRXDUWEw/edit#gid=0) +that are actually open-source (with publicly available source code). +Hello all + +Throwaway account as a bit too easy to link to my main account. + +I am considering leaving my W2 job to create a new hedge fund. I would have \~20% of the general partner and the other 80% would be held by other partners who are UK domicile. I live in NYC and will continue to live and work here. This would be a real enterprise managing $400mm+ so clearly we are about to get real advice on getting it set up. + +Obviously this is all incredibly complex in terms of tax structuring, but I was wondering if anyone has any referrals or basic advice on how I should attempt to set things up as relates my own personal tax situation. This feels like one of those situations where you need to get things right at the outset, and my concern is my UK partners will select into something that makes sense for them and I will need to advocate for a structure that works for me. I asked my personal accountant and he said it was well beyond his skills to the point where he didn't even have a referral. I also don't want to call PwC and drop $20k on advice if I don't need to. + +Much appreciated and I apologize for the niche topic. +I mean i could f go or ETFs but is it really a possibility that either apple or amazon wont continue to grow over the next 5 years? + +I'm not expecting them to double themselves but i just can't see either one of them out of our lives in the next decade.. + +The way i see it, they're basically ETFs themselves. Can someone wake me up and tell me im wrong because this just seems like such easy money it honestly baffles me.. +If not, here's a quick recap: The media told everyone that Apple was not a good stock to buy or hold and that everyone who owns it should sell it before it crashes and dies during its early days, all while at the same time Banks were adding it to their asset catalog, blocked a majority of their clients from being able to buy it, and allowed only their most wealthy clients to add it to their portfolios. + +Sound familiar? It was some hell of what felt like an endless stream of FUD that they spread on Apple, which as you may know is only the most valuable company in the world today. + +**Here's a tweet pointing out the early Apple stock FUD days:** [**https://twitter.com/APompliano/status/1365671526612221955?s=09**](https://twitter.com/APompliano/status/1365671526612221955?s=09) + +They scared my poor immigrant dad who came to this country with nothing and started investing in his youth, out of his Apple stock in the '97 for a small $40k profit with their endless stream of FUD news lies. That news stopped him from ever investing back into the market. + +And that stock he was scared into selling would be worth millions today. I can only imagine how many other people they scared out of that stock and others like it, who could have greatly improved their lives and the lives of their families with those internet tech stock assets. + +Because of that experience, I'm never letting them scare me into panic selling my Bitcoin. HODL'r and diligent DCA'r for over a decade now, and I will HODL and DCA until my kids can inherit my fortune and become HODL'rs and DCA'rs themselves +It seems like I need to check my mental state my fellow Bitcoin hodlers investors and believers. A nocoiner friend who is into traditional stocks for a long while with about 30% profit so far asked me about Bitcoin because I was pretty open about it. So explaining the basics of Blockchain and the inherent value of limited supply I hoped the response that I got was intelligent and leading into legitimate interest. First he says Bitcoin is going to be hacked with quantum computers and so that it's not going to last. Told him it's the best investment since 2009 and it's still growing, getting it's own ETF and traded by large corporations and hedge funds. "Yeah, you're clearly brainwashed" and said bye. + +Sad times to be a nocoiner I guess, losing your friends to brainwashing. +NASDAQ-traded Smith & Wesson Holding Corp (SWHC) is up nearly 11% today. SWHC is at an all-time high (Close: $25.86/share) following President Obama's emotional speech and because it's the better-known of only two, publicly traded American firearms manufacturers (the other being Ruger). + +**No need to be brave: shorting this stock is a no-brainer.** The stock-performance of SWHC from 2011:Q4 to the present will be a one-for-one repeat of SWHC's speculative-bubble which developed and peaked from 2004:Q4 to mid-Oct 2007. That former-high collapsed from just over $21/share to just over $4/share in just three months. (Price-graph for SWHC for the above-mentioned periods is available [here](http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1452027600000&chddm=1290300&chls=IntervalBasedLine&q=NASDAQ:SWHC&ntsp=1&ei=QBaMVpi-POuvigL597J4) for desktop users.) It's not different this time. + +Edit: Added closing price. + +Airline sector, finance sector, energy sectors, industrials have taken a beating. + +Even BRK.B, is down 24% from ATH. + +We all know Tech is powering on and leading the market upwards. + +But any conversations about airlines, energy etc is very negative. Talk like "the travel industry may never recover". I wasn't an adult during 2008 but I imagine there was similar talk about how things would never recover yet they did. I'm sure there was plenty of talk about how real estate would never be the same again. + +What are your thoughts? Exclude tech from the conversation and we're looking at -20% across a lot of sectors. + +Could this be a big opportunity? +Is Nikola Motor the next Theranos? Is Trevor Milton the next Elizabeth Holmes? + +Trevor Milton doesn’t have a track record of success. In fact, he doesn’t have a record at all except for two jobs he held, the first for close to 4 years and the second job for only 6 months.  + +(see attached photo: experience) + +What was he doing prior to 2010? He didn’t finish school (nothing wrong with that, plenty of successful people have quit school such as Elizabeth Holmes), so was he on a Mormon mission until he was 28? Check out his LinkedIn. + +In late 2019 he purchased a 32.5-million-dollar mansion:  + +[https://www.wsj.com/articles/nikola-motor-chief-sets-utah-real-estate-record-with-32-5-million-buy-11573601653](https://www.wsj.com/articles/nikola-motor-chief-sets-utah-real-estate-record-with-32-5-million-buy-11573601653) + +Where did the $ come from? As far as we know, he was a salaried employee for 4 years. How did he earn so much money? From raising capital for a ‘soon to go public start up’? Was his salary that high, even though the company is in its startup phase? That doesn’t seem in-line with the most successful entrepreneurs that began in garages (Bill Gates, Jeff Bezos, etc.).  + +Lastly, I want to bring attention to the demo reel, notice how far the vehicles are from the “professional camera persons”. Where are the close-ups? Open engine compartment? (You know who else used to hide her proprietary invention, the 'Edison Machine'? Elizabeth Holmes) + +(Search Youtube video: Nikola Two demo dated Apr 17, 2019) + +Google “Nikola motor drivetrain” …. you’ll notice that pictures or engineering diagrams of the engines don’t exist…the only diagram you get is this cartoon:  + +(see attached photo: cartoon diagram) + +He applied and received PPP funds meant to be for small businesses (not-publicly traded and with access to the capital markets).  + +[https://www.cnbc.com/2020/04/24/billionaires-company-got-4-million-from-coronavirus-sba-fund.html](https://www.cnbc.com/2020/04/24/billionaires-company-got-4-million-from-coronavirus-sba-fund.html) + +Convince me that is not shady AF… + +And lastly, he has been at it since May 2016… + +&#x200B; + +Disclaimer: I do not have a position on NKLA. +Breaking News from G&M: https://www.theglobeandmail.com/cannabis/article-marlboro-maker-altria-in-talks-with-pot-grower-aphria/?cmpid=rss + +**Click here to read: https://outline.com/ya56Fj** + +This will probably spark up the space agian for another run, this company is **3x market cap** over constellation, also Aphria is considered one of the most rational, undervalued and looked over companies in the space. +1. GameStop has a currency named [GameCoin](https://www.gamestop.com/collection/game-coin). Edit: I'm told this is not significant to the discussion +2. GameStop is hiring an analyst proficient in [NFTs and Cryptocurrency](https://careers.gamestop.com/job/analyst-security/J3V0R174DZHKP9C5FVQ), posted recently on April 8th +3. Paying off their [debt](https://twitter.com/DOMOCAPITAL/status/1382064324248735744?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet), which they did today, allows them to pay dividends to shareholders +4. Issuing [Crypto dividends](https://amp.reddit.com/r/Superstonk/comments/mq82ha/gamecoin_special_dividend_in_crypto_request/) forces shorts to buy-in, [Overstock](https://www.overstock.com/dividend) did this last year, got sued, and [won](https://finance.yahoo.com/news/us-judge-u-turns-ruling-093325202.html) + +This would force the squeeze. GameStop's recent decisions are completely directed toward this crypto dividend payout. Please someone counter this so my tits can be less jacked. Edit: This is not financial advice. +Ok so I’ve been investing for about a year now and correct me if I’m wrong but I’ve noticed shipping dividends are crazy high, for instance I have ZIM & STBK and they have grown a lot and their divis are through the roof. Is this sketch or am I just lucky? +Hey All + +Long time member, love the info here, but i am struggling to understand the issues every time someone mentions an ETFs expense ratio. + +How exactly does this effect it, as in, how this directly effects us, the investor. + +Example. I hold 100 shares of HNDL. Averaging about 1% growth and 7% div yield. + +A lot of folks seem to say to avoid HNDL because of the expense ratio (0.97%). + +How and where does that effect the investor? + +Please feel free to explain this is a 5 year old, maybe i will understand it better. :) + +Thanks +Hi! Today I will be comparing four funds with a decent market cap that have been established for a while. These funds have the potential to be great alternatives to the fund we all know about. I have already made a comparison of 4 other funds if you are interested: [Post (3)](https://www.reddit.com/r/dividends/comments/x06g3v/3_the_competition_of_schd_deepdive_into_four/). + +&#x200B; + +**\*Disclaimer:** + +I have not received messages or comments yet about this, but I want to warn you guys. The analysis I make should not be the only thing considered when making an investment. You should also consider looking at the fund's methodology, how it works, etc. + +I am doing a purely number-driven analysis, I do not investigate the way it works or functions. Do not do that if you wish to invest! You must dig more if you wish to make a decision that is reasonable. + +&#x200B; + +**Vanguard High Dividend Yield Index Fund (VYM)** + +[For info about the holdings, visit thedataprinter.com, and go to the Funds section. ](https://preview.redd.it/n7iiy560xpk91.png?width=1901&format=png&auto=webp&s=ac7990eae5f397ac20a5fb2ad90a2d24f1f351ea) + +&#x200B; + +**Vanguard Dividend Appreciation Fund (VIG)** + +[For info about the holdings, visit thedataprinter.com, and go to the Funds section. ](https://preview.redd.it/jcqmb9j3xpk91.png?width=1902&format=png&auto=webp&s=17b83c14f55f9007a0388751b866f00b6cb42295) + +&#x200B; + +**iShares Core High Dividend ETF (HDV)** + +[For info about the holdings, visit thedataprinter.com, and go to the Funds section. ](https://preview.redd.it/4f8gdxy4xpk91.png?width=1897&format=png&auto=webp&s=529bd50c51a2ba8c48f7b39bd39c0dffb04990b9) + +&#x200B; + +**iShares Core Dividend Growth ETF (DGRO)** + +[For info about the holdings, visit thedataprinter.com, and go to the Funds section. ](https://preview.redd.it/0froy7m5xpk91.png?width=1900&format=png&auto=webp&s=c982cb6135382cb80b34ffe95e0e4ebfa919887e) + +&#x200B; + +**Wisdom Tree US High Dividend Fund (DHS)** + +[For info about the holdings, visit thedataprinter.com, and go to the Funds section. ](https://preview.redd.it/enz2aec6xpk91.png?width=1886&format=png&auto=webp&s=baf511b1031f8c36acecf18974d9e986dfad4cb3) + +&#x200B; + +&#x200B; + +\--- VTI (For comparaison purposes, to see the market's average) --- + +Market cap 269.2B - Dividend 1.47% - PE 19.30 - PB 3.53 - PS 2.32 - ER 0.03% + +&#x200B; + +**--- VYM ---** + +Market cap 46.6B - Dividend 3.01% - PE 14.09 - PB 2.49 - PS 1.79 - ER 0.06% + +VYM has a very decent value tilt, a cheap ER, and a great dividend compared to the market. + +The top-10 holdings weight only 23.53% of the fund, which is decent, with great names like JNJ, XOM, PG, JPM, etc. Not much concentration. + +&#x200B; + +**--- VIG ---** + +Market cap 63.8B - Dividend 1.87% - PE 20.89 - PB 4.22 - PS 2.32 - ER 1.87% + +Weirdly, I thought VIG would be much different. It has an enormous market cap, and a very cheap ER. Ratio wise, it seems to be almost exactly like the market: so no benefit here. Finally, the dividend is decently higher than VTI, but for a "dividend" fund, I think it is slightly lacking if this is what the investor is after. + +Top-10 holdings: 30% with very popular dividend names like UNH, JNJ, PG, MSFT, HD, PEP, etc. + +&#x200B; + +**--- HDV ---** + +Market cap 12.6B - Dividend 3.04% - PE 16.96 - PB 3.56 - PS 2.55 - ER 0.08% + +HDV is a very cheap and big established ETF. Its holdings are not really tilted towards value, which is not a problem for me: value stocks are stocks cheaper than the average because people have lower expectations for them than the average market. It is an addition in risk that some might want to avoid. Finally, the dividend of 3.04% is very good. + +Unfortunately, a little bit like SCHD, I think this ETF is very concentrated: top-10 holdings have a 48.79% weight. In the holdings, we see a lot of companies known for their dividends: XOM, JNJ, CVX, VZ, ABBV, PM, etc. + +&#x200B; + +**--- DGRO ---** + +Market cap 23.6B - Dividend 2.07% - PE 15.63 - PB 2.94 - PS 2.29 - ER 0.08% + +Again, DGRO is a very cheap and big established ETF. Again, its holdings are not really tilted towards value. The dividend is decent, but not that high for a dividend fund. + +Top-10 holdings is 24.59% of the fund, with names like MSFT, AAPL, JNJ, PFE, JPM, etc. It really is a dividend growing fund. + +&#x200B; + +**--- DHS ---** + +Market cap 1.2B - Dividend 3.21% - PE 14.38 - PB 2.26 - PS 1.81 - ER 0.38% + +DHS has a slight value tilt, and a dividend that is worth paying attention too. More than double the market's average. The ER of 0.38% is a lot though, let's continue to see if it is worth. + +Unfortunately, the top-10 holds 45.79% of the ETF's weight, with known dividend names like XOM, CVX, PFE, KO, PM, etc. + +&#x200B; + +&#x200B; + +**----- THE WINNER ? -----** + +This competition, to be honnest, is decided more on "which one is the least worse". Why? Because dividends are boring, and nothing is going to really impress someone when watching at stats and ratios. You can filter the bad, and choose after. + +&#x200B; + +So here, I present you, my opinion for the funds' ranking, with a double winner. + +\#1: VYM. When talking about income fund (that are not CC ETFs), I think VYM should be of the conversation. Cheap, value tilted, highly liquid. + +No concentration in holdings, and these are classical names in the dividend community. Be ready for less growth, but more dividends. + +&#x200B; + +\#1: DGRO. I think it perfectly represents what a dividend growth fund is, and what a dividend investor seeking income would want to invest in. + +It is cheap, it has a very slight value tilt, and no concentrated holdings. The dividend of 2.07% might be too little for some income-seeking individuals, but dividend growth companies are companies that are constantly increasing their profits, size, and activities. I think they are expected to have lower dividends than the dividend Kings, but let's not forget share buybacks and share-price growth. + +&#x200B; + +\#3: VIG came in close third. Ratio wise, it looks a lot like the average market. It is cheap, a large fund, and an ok dividend. I simply think that the slight concentration in sectors (ok I will use this excuse only once), the lower dividend, and the lack of value tilt makes DGRO better for a dividend growth investor. + +&#x200B; + +\#4: HDV. Unfortunately, is not a fund I would really invest in having access to the others. It is cheap, with a slight value tilt and a great dividend, but the top-10 is too concentrated for my liking: almost 50%. I saw nothing of interest, that would make me buy it. + +&#x200B; + +\#5: DHS. It has the lowest market cap of them all, and is the most expensive one by an enormous margin. The only thing it really offers, IMO, is the value it adds with lower valuations, since the holdings are very concentrated in the top-10. Here, looking for a great dividend / dividend growth ETF, I don't think it was better than other options. + +&#x200B; + +&#x200B; + +**---- THE END ----** + +Here ends another analysis of 5 dividend funds that you might need to consider when going for dividend growth investing. I hope you have found it interesting. + +Don't forget to comment what you think would be a great idea for next analysis. Also, I have almost completely left out the sector exposure for this one, since compared to the average (VTI), there were little to no differences, and I don't think it is relevant to include it except if a sector is at 25%+. Little percentages more or less in sectors won't really matter IMO. + +PS: I already have ideas, but I need more. I have covered a lot of dividend funds, so other types of ETFs or stocks would be interesting. Thanks! + +On that note, I wish you have a great evening or day, wherever you might be. See you next time! +Realty Income has been growing at 19% over last 5 years. Its a REIT which pays a monthly dividend. With housing bubble in mind, is it a good time to buy it? +Joined this sub a few weeks ago because I’m interested the dividend strategy. I’ve mostly invested in growth stocks and ETFs throughout the years but I’ve been reading about dividends lately. + +Growth stocks more specifically tech has treated me well but I like the idea of getting monthly/quarterly dividends. More specifically I was thinking about putting a chunk into dividend stocks and letting my dividends reinvest until retirement. Then in retirement the goal would to be to have an extra $1000 or so in passive income a month not touch my basis until I have to. + +What are some goals /strategies / reasons why you all do invest in dividend stocks? + +Thanks in advance! +On NASDAQ website it doesn’t list a dividend for this month, and Ive recently read they decreased the dividend. Ive also seen quite a few people off-loading SPHD in favor of other divvies. I currently am sitting on a very small position of it, but still a decent amount of my portfolio (cause Im just a poor boy). Is it worth keeping, or moving into other ETFs and/or stocks? Thanks for your time and input! +&#x200B; + +[All that Liz is missing are the feathers otherwise it looks like a Black Swan to me,](https://preview.redd.it/bj865gzhltq91.png?width=834&format=png&auto=webp&s=eaa2b9cec9ba852936ee4c8e83acc8b91c8588ec) + +&#x200B; + +Today, the IMF stated that Truss' Government needs to reverse course **ASAP** as their actions for the **£45bn ($48bn)** unfunded tax cuts (mostly benefiting the rich) is very likely to spill over into neighbouring countries which are already in precarious financial positions. Meanwhile the BoE countinues to buy up bonds to reduce the negative impact on the GBP. + +[https://www.theguardian.com/politics/2022/sep/27/kwasi-kwartengs-tax-cuts-likely-to-increase-inequality-imf-says](https://www.theguardian.com/politics/2022/sep/27/kwasi-kwartengs-tax-cuts-likely-to-increase-inequality-imf-says) + +My thanks to the Economist for the Black Swan pic. Just a beautiful caption. Excerpt from the Economist below as there is a paywall. + +[https://www.economist.com/leaders/2022/09/28/how-not-to-run-a-country](https://www.economist.com/leaders/2022/09/28/how-not-to-run-a-country) + + + +>Leaders | Britain in crisis +> +>[**How not to run a country**](https://www.economist.com/leaders/2022/09/28/how-not-to-run-a-country) +> +>*Liz Truss’s new government may already be dead in the water* +> +>Sep 28th 2022 +> +>It was meant to usher in an era of economic growth. Instead the 25-minute statement that Kwasi Kwarteng, Britain’s new chancellor of the exchequer, gave on September 23rd kickstarted a crisis. By unveiling **£45bn ($48bn)** of unfunded tax cuts, alongside temporary measures to help with energy bills, Mr Kwarteng spooked financial markets in spectacular fashion. +> +>Most of the tax cuts and emergency spending had been signalled, but the vaunted supply-side reforms needed to pay for them were vague and the new government’s approach to the public finances was cavalier. Worse, the backdrop to Mr Kwarteng’s epic budget-busting was a slump in bond markets that raised borrowing costs for even the most creditworthy governments. +> +>As investors took fright, gilt yields surged, prompting the Bank of England to say on September 28th that it was ready to buy unlimited quantities of long-dated bonds to restore order to financial markets. The pound crashed to its lowest level ever against the dollar. Although sterling has since rebounded, markets still imply a 40% chance that it will reach parity with the dollar. +> +>Comparisons between Britain and emerging markets swirled; the IMF slammed Mr Kwarteng’s plan. After the worst start to a new administration in memory, people are already asking how long the new prime minister, Liz Truss, may last. +> +>A further reason to doubt Ms Truss’s ability to bring about growth is her government’s incompetence. Britain has been stuck in a 15-year productivity rut. Getting out of it requires not just boldness, but thoughtful policy. The mini-budget and Mr Kwarteng’s subsequent decision to dangle the prospect of even more cuts point to blind conviction of the flat-earther variety. +> +>The government’s refusal to face up to the need for more constructive relations with the European Union, Britain’s biggest trading partner, and insistence on a bonfire of EU laws by the end of 2023 fit into the same mould. +> +>The supply-side reforms due to be unveiled soon need to be watertight in their design and presentation. Even then it will be hard to escape the shadow of the past few days. In its first weeks the new government has shredded its own reputation, added to its interest costs, unleashed higher inflation and made growth harder to achieve. Just imagine what it can do in a month or two. + +Ordinarily, I believe many more people would be going bat shit crazy over this news however there is **SO** much shit, currently going on in global financial markets, that this may be seen as just another drop in this fucked up mess BUT it may be the last drop to push all of this over the cliff. + +# What else is there to say but... DRS & Buckle Up! + +# +and make sure it's not one of the explody ones. + +edit: + +Wow, I definitely didn't expect this kind of a response. Thanks for the awards! + +Somebody should tweet this at him, petition-style, like what happened with that totally unnecessary Weezer cover of "Africa". + +I'd do it myself you see, but I don't do the twitter. + +Who knows, he might bite! +Throwaway because I feel dumb. + +Husband's new employer has "4% 401k matching". I thought that meant they would match his contributions up to 4% of his annual salary. + +He says he asked his benefits person and she says that no, they will match 4% of his contributions. If he contributes $100, they will contribute $4. This seems somewhat close to pointless, but I'm also new to 401k matching. Is this way pretty common? + +EDIT: Thank you for the responses. We'll be attempting to clarify. (Most responses are TL;DR: "That's garbage.") +*This is* ***NOT*** *financial advice! This is for educational purposes only!* *^(never thought i'd ever get to say that)* + +# Algorand History + +Algorand was founded in 2017 by MIT Professor, computer scientist, reincarnation of christ, Silvio Micali. He's been in the cryptography game for a long time and is known for + +* Blum-Micali Algorithm +* Goldwasser-Micali Cryptosystem +* GMR Algorithm +* Zero knowledge proofs +* Claw-free permutation +* Psuedorandom Functions +* Peppercoin +* Algorand +* Semantic Security +* Verifiable secret sharing + +that's quite a list. + +In June 2019 the Algorand Foundation launched the mainnet and announced the first token sale. Algorand was the first blockchain to provide instant transaction finality! + +The Algorand team consists of more brilliant people including + +* Steve Kokinos, CEO -- Before Algorand, Steve was the CEO of Fuze, global enterprise communications platform. +* W. Sean Ford, COO -- Before Algorand, he was the CMO at LogMeIn. Another Sean’s executive roles included CMO and COO of Zmags, CMO of Syncsort, and others +* Keli Callaghan, Head of Marketing -- Had a collaborative marketing partnership with Microsoft nd other roles + +and probably many more. + +&#x200B; + +**Peppercoin** + +Now this doesn't have much to do with Algorand itself but this was something I stumbled upon. + +>Peppercoin is a cryptographic system for processing micropayments. Peppercoin Inc. was a company that offers services based on the peppercoin method. +> +>The peppercoin system was developed by Silvio Micali and Ron Rivest and first presented at the RSA Conference in 2002\[1\] (although it had not yet been named.) The core idea is to bill one randomly selected transaction a lump sum of money rather than bill each transaction a small amount. It uses "universal aggregation", which means that it aggregates transactions over users, merchants as well as payment service providers. The random selection is cryptographically secure—it cannot be influenced by any of the parties. It is claimed to reduce the transaction cost per dollar from 27 cents to "well below 10 cents."\[2\] +> +>Peppercoin, Inc. was a privately held company founded in late 2001 by Micali and Rivest based in Waltham, MA. It has secured about $15M in venture capital in two rounds of funding.\[3\]\[4\] Its services have seen modest adoption.\[5\]\[6\] Peppercoin collects 5-9% of transaction cost from the merchant.\[7\] Peppercoin, Inc. was bought out in 2007 by Chockstone for an undisclosed amount.\[4\] + +# Why choose Algorand? + +Algorand's mission is to create a borderless economy through a permissionless blockchain. + +The Algorand protocol is designed for speed & decentralization. The developers have been able to to finalize blocks in just one round of voting. This means that transactions are finalized instantly and that the Algorand blockchain can handle 1000 transactions with a latency of 5 seconds. + +Algorand uses a form of the Byzantine Agreement (Pure Proof of Stake) for their consensus. This means that if more than 2/3 of the network is honest then the network will be secure. Participants do not need to be synchronized on the Algorand blockchain in order to keep the blockchain secure. This way the protocol can stay safe during network partitions without an end in sight. This near-instant recovery from partitions makes it expensive for an attacker to stall the network since the attacker would need to frequently pay the cost for disrupting the network. + +&#x200B; + +[Algorand Consensus Mechanism](https://preview.redd.it/iv2kfd8hp5n71.jpg?width=900&format=pjpg&auto=webp&s=bb304286c9cd0bdb661fc56f505e7ed5fb2d4dbb) + +On top of that, the Algorand blockchain doesn't fork which ensures it is always fast and stable. + +The Algorand blockchain has two sets of nodes to achieve their high transaction throughput + +* Relay Nodes -- Relay nodes are where other nodes can connect to, as a relay node you need to be able to handle a large number of connections at a time. You are the "connecting point" for other nodes. +* Participation nodes -- A participation node participates in the Algorand Consensus protocol, participation nodes are eligible and available to be selected to propose blocks to the blockchain. + +To keep up with a large amount of nodes, Algorand has developed their own mechanism based on VRF (Verifiable Random Functions, ^(Chainlink brings VRF to ETH!)). This solution allows a participant to check privately and see if they have been selected to participate in agreement for the next block, and then include proof of selection in their network messages. + +The Algorand protocol doesn't require users to keep anything secret other than their private keys, this allows for re-choosing participants very quick as users don't have to do anything. + +# Ecosystem + +The Algorand ecosystem is still very small but there have recently been a bunch of projects popping up that are working on Algorand, some of these are: + +* Yieldly -- Algorand's first DeFi suite +* [Lofty.ai](https://Lofty.ai) \-- Tokenized real estate(they send NFT's as proof of ownership on Algorand) +* Tinyman -- DEX & AMM currently in testnet +* Algobank -- Lending & borrowing on Algorand, in development + +Here are some more participants in the Algorand ecosystem + +&#x200B; + +*Processing img p1cbs4uer5n71...* + +&#x200B; + +*Processing img dyc1arpgr5n71...* + +&#x200B; + +*Processing img 0tij4usir5n71...* + +&#x200B; + +*Processing img 6dgpilhlr5n71...* + +# Tokenomics + +A lot of people have been criticizing Algorand's tokenomics. They did a large VC sale at the beginning of the project and for a while this surpressed the price of Algorand as everytime the coin pumped there'd be massive sell offs. Since then they have changed their vesting model & even set up a [$300M fund for DeFi applications](https://smartliquidity.info/2021/09/10/algorand-aims-to-attract-defi-builders-with-300m-fund/). + +Other than that, currently most people hold Algorand to stake and get a 5% APY automatically. With the limited amount of applications on Algorand not many ALGO is getting used in transactions. + +**General Stats (data is accurate as per writing this post)** + +* **Price (USD):** $2.41 +* **Marketcap (USD):** $12,619,507,700 +* **Circulating supply:** 5,232,848,288 +* **Total supply:** 5,771,636,648 +* **Max supply:** 10,000,000,000 + +*The difference between circulating and total supply means that there is Algo locked up for a period of time. These Algo's are in "circulation" but cannot be used/sold/accessed as they are locked (e.x VC's had their tokens locked for* ***X*** *amount of time)* + +Read more about tokenomics here: [Algorand Economic Evolution Report](https://prismic-io.s3.amazonaws.com/algorandfoundationv2/dcbe6c89-251a-41b3-9c78-23d8ecabd6c1_Algo+Economic+Evolution+Report+Sept+2021.PDF) + +# Sources + +Ofcourse I don't know all of this of the top of my head! + +* [https://algorand.foundation/](https://algorand.foundation/) +* [https://guarda.com/academy/crypto/what-is-algorand-review](https://guarda.com/academy/crypto/what-is-algorand-review/#algorand-history-in-brief) +* [https://en.wikipedia.org/wiki/Silvio\_Micali](https://en.wikipedia.org/wiki/Silvio_Micali) +* [https://en.wikipedia.org/wiki/Peppercoin](https://en.wikipedia.org/wiki/Peppercoin) +* [https://www.coinbureau.com/review/algorand-algo/](https://www.coinbureau.com/review/algorand-algo/) +* [https://www.undervalued.top/cryptocurrency-reviews/algorand-review](https://www.undervalued.top/cryptocurrency-reviews/algorand-review) +* [https://reviewmr.com/algorand-review/](https://reviewmr.com/algorand-review/) +* [https://cryptoandfire.com/algorand-review/](https://cryptoandfire.com/algorand-review/) +* [https://exchangesoftware.info/algorand-review-algo-worth-it-everythin-you-need-to-know/](https://exchangesoftware.info/algorand-review-algo-worth-it-everythin-you-need-to-know/) +* [https://developer.algorand.org/docs/run-a-node/setup/types/](https://developer.algorand.org/docs/run-a-node/setup/types/) +* [https://developer.algorand.org/docs/run-a-node/participate/](https://developer.algorand.org/docs/run-a-node/participate/) +Like the title says, why is this not a free money hack? Those leveraged bear funds are nearly guaranteed to go down over the long term. And doing an inverse LEAPS on it would profit off of the drop. So... free money? Right? + +I can’t be the first one to think of this: why does this not work? +We all knew it would happen... + +[https://www.moneysavingexpert.com/news/2019/04/tsb-cuts-interest-rate-on-its-current-account-to-3-/](https://www.moneysavingexpert.com/news/2019/04/tsb-cuts-interest-rate-on-its-current-account-to-3-/) + +>TSB's Classic Plus account currently pays 5% interest on balances up to £1,500, dropping to 3% on 2 July. +I know it's only getting worse. I earn £50k a year and I really want to start the long-road back to being debt free. I am just spending hundreds a month paying heavy interest. Is there anyone I can speak to who can help me face this problem? Or anything I can read that won't cause a panic attack? I really need help but every time I try and look into my debt problem I hyperventilate and my heart races and my mind goes into a panic. My depression has got worse as I continue to ignore the problem. I have thought of harming myself as a way out but I know that is not the answer. +I must admit sometimes I be sad thinking how could I get such insights and knowledge after MOASS. You apes taught me so much during these months. More than years following greed, stupid, liars fintwit boomers. + +Part of my tendies will be spent in deep financial education, in view of, in the future, sharing these with poorer people to, once again, transfer wealth from market thieves. + +I love you (Gamestop)! My favorite videogame is Wii Sports. 🚀🚀🚀🚀 +Not sure how to handle this when I make more than I ever have but I still cant pay all my bills. I make about 900 a month but i pay child support at 300 a month, rent is 350 a month, phone 50 a month, IRS takes 65 a month, public transportation costs about 48 a month, and the rest goes to food. The problem is I stay on my moms couch in her basement and she needs me out by the end of August and i have no means to save money whatsoever. Id get a second job but i already spend around 10 hours a day at my other job and rely on the busses so my available hours are limited by the bus running times. I ran out of things to sell and lost my car two months ago when my clutch gave out and couldn't afford the repair so i had to acrap it. From what i have managed to save i have about 80 in ny checking account but my credit card is maxed at 500 and i still have to pay that and the automatic deposits from my other debts will kill that before my next check hits which is all going to child support. How do i get my life back? +While there are logical criticisms of forward earnings estimates, they are irrelevant in 2018 because the year looks about as good as it can get. The earnings growth is expected to be 17.3% in Q1 which is the highest growth rate since Q1 2011 when the economy was just getting out of the recession. + +[Are Stocks Becoming Cheaper As Price Increases?](https://upfina.com/are-stocks-becoming-cheaper-as-price-increases/) + 🍇 Next chart update for $BB 🍇 + +Who else picked up some juicy berries? + +As I already stated with the last chart update - the former 12$ resistance is the make or break area for the bull case which was finally confirmed yesterday. After the shorts won on Friday 28th May, the bulls took over now. + +Furthermore the **predicted spike above 12$** occured. The huge volume is a very bullish indicator and suggests a further acceleration of the uptrend. The next price target is around 25$. + +A pullback to the resistance at 12$ is not a bad sign. In most cases a minor correction is a healthy feature of a trend. Adding at this point might be an appealing opportunity for new investors. A stop loss below the support of 12$ reduces the risk and provides a good risk/reward. + +&#x200B; + +**Price targets:** + +\#1 12$ ✅ 28th May + +\#2 25$ + +\#3 48$ + +\#4 🚀🚀🚀 + +&#x200B; + +*This is not a financial advice - I am just sharing my opinion. Please do your own due diligence!* + +[Chart now](https://preview.redd.it/wdgq5g484z271.png?width=1518&format=png&auto=webp&s=204337ba6bd9065713d255c90a309d388f4cb7b9) + +&#x200B; + +**Remark:** In my original post I stated that I bought around 10$. I added some more shares on last Friday. + +[https://www.reddit.com/r/wallstreetbets/comments/nmtcr3/bb\_technical\_analysis\_the\_bottom\_has\_fully\_been/](https://www.reddit.com/r/wallstreetbets/comments/nmtcr3/bb_technical_analysis_the_bottom_has_fully_been/) + +&#x200B; + +*"* **$BB | Shorts won on Friday 28th May - next week bulls got a new chance! | 12$ resistance as Make or Break borderline!"** + +[Chart last Friday](https://preview.redd.it/24nwz4jh4z271.png?width=2158&format=png&auto=webp&s=92f8d9acfc97621637853c32af183882d6efe0db) +Howdy code-cracking apes, between banana and banana, some apes have spent the last hours in the sub and the discord looking deep into the rabbit-hole that Gamestop devs have laid in front of us trying to find the end of this maze. For those out of the loop, check these two posts to get up to speed on Day 1: + +First findings: [https://www.reddit.com/r/Superstonk/comments/vxh4o5/power\_to\_the\_puzzlers/](https://www.reddit.com/r/Superstonk/comments/vxh4o5/power_to_the_puzzlers/) + +Video of the secrets: [https://www.reddit.com/r/Superstonk/comments/vxhq8t/the\_rabbit\_hole\_continues\_the\_official\_nft\_links/](https://www.reddit.com/r/Superstonk/comments/vxhq8t/the_rabbit_hole_continues_the_official_nft_links/) + +I thought on posting an update for Day 2, to ensure we start the date with the same level of information and we all row on the same direction. + +# The NFT + +https://preview.redd.it/pgcdqui9jbb91.png?width=1332&format=png&auto=webp&s=b6d0f8536b39363e8fe2b2a4200090436cec86cb + +The NFT link can be found here: [https://nft.gamestop.com/collection/releases](https://nft.gamestop.com/collection/releases). It is a commemorative arcade NFT that allows you to play a space game on it. It includes the names of all the developers involved on the marketplace and the artist is **nftspike**. + +NFTs are minted from files that are hosted on IPFS (mypinata). From the links on the IPFS you can access all the files that are used to render the NFT, however, additional files can be added to that folder. + +[Folder files](https://preview.redd.it/44jum2ir7bb91.png?width=415&format=png&auto=webp&s=8e82a33ce084b3e15adc5f7b55723c92a655a52c) + +To access each of these, you need to use the IPFS link and add an '/' and the name of the file. For example, to access the source code of the NFT, you can go to [https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/main.40489994.js](https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/main.40489994.js) + +&#x200B; + +Here is where we start diving deep into the rabbit hole. If you access the [secrets.txt](https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/secrets.txt) file you see this: + +https://preview.redd.it/ayfl13ea8bb91.png?width=809&format=png&auto=webp&s=a847356588d963456ca345bdb033b48ffb109a4c + +While if you access [/data](https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/data), you're lead to the picture of the rug (more on that later) + +# Skull and bones + +The skull shows us quite some leads. At the bottom of the file, one can read '**Well, all information looks like noise until you break the code. - Neal Stephenson** + +**S29uYW1pIGNvZGU='** + +&#x200B; + +[Base 64](https://preview.redd.it/uz76eivq8bb91.png?width=1328&format=png&auto=webp&s=bbd00f0a846952e70e5b0ee659c068dab9c07e62) + +As we can see on the only line starting with a #, the encoding is base 64 we also see S2VlcCBsb29raW5n. Decoded we have + +* **S29uYW1pIGNvZGU=** Konami code +* **S2VlcCBsb29raW5n** Keep looking + +As we can see on the posts from yesterday, using the konami code on the game will lead to 2 screens, the first one being a rocket and the second one another skull + +Seems the skull is hiding some more codes, but so far we have been unable to find new leads from there. You can see that a lot of the letters are re-used and it seems that there's some mirroring between the lines with the exception of some random characters in between. + +https://preview.redd.it/gi8qnyhm9bb91.png?width=956&format=png&auto=webp&s=9f742fdc5a23a7063e640d518997a113e129596f + +# Enter Glitchy + +Other thing we can see on these lines is that there seems to be a signature. GL1TCHY &#71. + +&#x200B; + +https://preview.redd.it/kseamgly9bb91.png?width=330&format=png&auto=webp&s=e24f096bc56f28bbd544434970db00fbf7a5f187 + +&#71 is the Unicode Decimal Code for the letter G. This would mean that we're looking for a GlitchyG. Could this be the same GlitchyG [https://nft.gamestop.com/user/glitchyg](https://nft.gamestop.com/user/glitchyg) that is a Marketplace creator, owns an official GamestopNFT and has [60 Glitched skulls pending delivery](https://nft.gamestop.com/token/0xd8E8C807E4b33ABFdE1eB514E798f700CA4E361B/0x2b8e076727094e7524aaba0512646ce29727d8d2f3c096a5b1bb5e4d40b2e363)? + +It does look like it. What does this NFT say? + +&#x200B; + +https://preview.redd.it/uoir9tofabb91.png?width=539&format=png&auto=webp&s=d2fb6ef3a376c3d9365c8dcffb0d83368d8d75d4 + +"CLAIM what is yours". Remember this, we may need it later. + +If this is not proof enough that Glitchy is a big piece of this, some wrinkled apes were able to dive into the asset used to render the final skull on the Gamestop NFT, and it seems that skull is signed by Glitchy himself: + +&#x200B; + +https://preview.redd.it/ehwxr93qabb91.png?width=1006&format=png&auto=webp&s=7a3435a9fb039b31f5e5b9762c35696cc12a81d9 + +What else do we know about Glitchy? Well we know that this is not the first NFT treasure hunt he hosted. We can see there was a previous edition hosted on the Loopring discord where no one other than Mat Finestone cracked the final code. We can see the NFT on Matt's profile [here](https://nft.gamestop.com/user/matt01). + +Notice that the NFT shows PG, which is also showing on the skull's cypher. Remember PGP, we'll touch on that later. + +**~~Where does this lead us?~~** + +~~Seems that edition of the treasure hunt with Glitchy used a dApp (~~[~~https://app.digitalfragments.io~~](https://app.digitalfragments.io)~~) to claim the NFT. There's an old password that can be used to access but it seems that it is already claimed. MAYBE, there's a new password set for apes so that they can CLAIM what is ours.~~ + +It has been confirmed that DitialFragments is going offline, so it seams that it was a wrong lead all along. + +Anyways, I am digressing here, let me get back on track. + +# Jordan Holberg's Feet + +Going back to the IPFS files, there's a hidden file called foot.txt. This foot seems to use the same rendering than the final skull, however, without any hidden code besides JORDAN written vertically:[https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/foot.txt](https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/foot.txt) + +https://preview.redd.it/4id4r10aibb91.png?width=1432&format=png&auto=webp&s=913d595860ae5b2d796617775d10b16c20c5f345 + +Can we confirm it's Jordan's foot? Yes, see this tweet right here: + +[https://twitter.com/eviljordan/status/1518446829452636162](https://twitter.com/eviljordan/status/1518446829452636162) + +https://preview.redd.it/aub7ssjcibb91.png?width=1176&format=png&auto=webp&s=d1d0d2b95294e8cfdd765c3ef7becf93eae41040 + +At some point of our digging, we found out that the date of May 12th may have been relevant/ What was Jordan up to that day? Yes, more feet pic + +&#x200B; + +https://preview.redd.it/hna3zswtbbb91.png?width=386&format=png&auto=webp&s=168afeea22d3013a681d576f64f40e136e98821d + +Also a [weird tweet](https://twitter.com/eviljordan/status/1524537065009991680?s=20&t=Uqq2HtYEXUeXlhlmjnG3yQ) where Spike (the creator of the arcade NFT) replied: + +&#x200B; + +https://preview.redd.it/lk1x5aqzbbb91.png?width=323&format=png&auto=webp&s=27e4488428b29f487dbf389fd590d2a79ba9e72d + +How does this tie all together? It doesn't, at least not just yet. + +# And what about the rug? + +&#x200B; + +https://preview.redd.it/ga7j4y0jcbb91.png?width=375&format=png&auto=webp&s=8fe5fcba8ffce5af61b58ae919462aab4434c451 + +Okay, okay. Time to talk about the rug. We did a deepdive into the javascript code of the NFT and we noticed that there are several mentions to the rug. Specifically, it looks like the rug is an additional state within the game + +By looking at the code, we can see that the rug state is only triggered when the game is played on a specific date, that is April 7th (7.4 or 4.7). You can see that in motion here: + +[https://www.reddit.com/r/Superstonk/comments/vxtwva/another\_easter\_egg\_drs/](https://www.reddit.com/r/Superstonk/comments/vxtwva/another_easter_egg_drs/) + +&#x200B; + +https://preview.redd.it/a2apuujombb91.png?width=1014&format=png&auto=webp&s=1378c29e0f9151c53a7af03c5c6b992506356d63 + +What is with this rug, and why is only appearing on this specific date? We don't know... but wait, there's more to the rug. + +The IPFS folder has a file which shows all of the [licenses](https://www.gstop-content.com/ipfs/Qmb74W13FVsp4BFTJVeSxK7viNhPVKse72ay2Si52AKrhw/licenses.txt) being used. There you can see the original image of the rug. There's also the license to some moon landing assets which seem to be used to render this other [easter egg showing the moon landing](https://www.reddit.com/r/Superstonk/comments/vxlehp/what_is_this_image_hidden_inside_the_gamestop_nft/). + +When you download both the original image of the rug and the NFT version and put them through some software to extract the data, the NFT image seems to have more data, even including some PGP keys. See the Zsteg section on the NFT link: + +&#x200B; + +* Original rug image data: [https://aperisolve.fr/107ea70b4a7319cc48b66fafa175493a](https://aperisolve.fr/107ea70b4a7319cc48b66fafa175493a) +* NFT rug image data: [https://aperisolve.fr/2c7c216ec207730702154ba46b5c7356](https://aperisolve.fr/2c7c216ec207730702154ba46b5c7356) + +Disregard the passwords showing on the NFT page as they are unsuccessful tries from other apes. + +Here you can find the Zsteg file showing the keys, still uncracked: [https://pastebin.com/raw/ehKUexvR](https://pastebin.com/raw/ehKUexvR) + +Maybe unrelated we know that Spike, the creator of the game does have some fascination for rugs. We can see here a recent tweet about rugs: + +[https://twitter.com/nftspike/status/1538288525640142849?s=20&t=YBtfga7RISS6k5WRhLFxfA](https://twitter.com/nftspike/status/1538288525640142849?s=20&t=YBtfga7RISS6k5WRhLFxfA) + +Also, he has his own NFT rug collection and presents himself as the OG Rugmaster on his profile: [https://nft.gamestop.com/user/spike](https://nft.gamestop.com/user/spike) + +# Steps forward + +Seems we're currently at a cross-roads and we need more eyes and wrinkles on this. Seems the secrets revolve around the Skull's code, the rug's Zsteg data and the final password to access the Digital Fragments dApp. It may also be that these are wrong leads and there's no connection between these. + +Leads to look into: + +\- Skull's full code + +\- Secrets within the rug image + +\- Significance around the April 4th date + +\- Connections to the moon landing + +\-..... + +Hope this post helps everyone start looking into these open threads and we get to the bottom of this. Good luck everyone. + +POWER TO THE PUZZLERS + +Addendum: + +Kudos to the apes that got to the endgame with and without cheats: + +* Winning without cheats: [https://www.reddit.com/r/Superstonk/comments/vxkubk/got\_to\_42069\_wo\_using\_the\_konami\_godmode\_code\_rip/](https://www.reddit.com/r/Superstonk/comments/vxkubk/got_to_42069_wo_using_the_konami_godmode_code_rip/) +* Wining game with cheats [https://www.reddit.com/r/Superstonk/comments/vxjfw3/i\_got\_to\_a\_score\_of\_42069\_after\_entering\_the/](https://www.reddit.com/r/Superstonk/comments/vxjfw3/i_got_to_a_score_of_42069_after_entering_the/) \- + +Find here also all the dev quotes and information: [https://www.reddit.com/r/Superstonk/comments/vxm76g/nft\_game\_puzzleplayed\_the\_players\_collected\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vxm76g/nft_game_puzzleplayed_the_players_collected_the/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Finally, some tips on how to resolve Hard Mode puzzles: [https://wiki.thepuzzlegang.com/en/resources/hard-mode](https://wiki.thepuzzlegang.com/en/resources/hard-mode) + +&#x200B; + +Edit 1: Some of the patterns on the skull dissected: + +https://preview.redd.it/4fu884xv0cb91.png?width=1155&format=png&auto=webp&s=964bf806d997ee6f5656e3cbaefb1a2a22625e68 + +https://preview.redd.it/hq7vnuuz0cb91.png?width=916&format=png&auto=webp&s=dbefd786dd9e9e29acfd4d5a2c59462e85417ea9 + +&#x200B; +So let's say you saved this old man's life and he turned out to be rich but he also likes to play with people so as a gift he offers you a yearly salary of $50,000 until you die with the condition that you cannot invest any of it, or $1,000,000 in any crypto currency you want that cannot be withdrawn for a minimum of five years. + +$50,000 would have to be spent fully every year. + +$1,000,000 in crypto could not be moved for five years. + +Of you choose the one million in crypto, which one would you choose? +You might be depressed. I see people posting here all the time watching the clock, counting the hours, obsessively reading about FI and checking their bank balance. The common advice is that it's not worth it - change your job, change your life, nothing is worth watching the years fall away and just waiting. + +But sometimes that advice falls flat. Maybe your life isn't that bad, and your job has it's great points and honestly it could be something you actually enjoy.. Depressive episodes are real, even in "happy" people! Your circumstances, your diet, your genetics can all contribute to experiencing periods of low serotonin production and vicious downward cycles (too unmotivated to exercise or eat healthy, feeling worse, finding ways to escape like drinking, feeling worse... etc). + +I finally saw my doctor recently and mentioned how I had been feeling, after months of slowly feeling more and more checked out of my life. I would think daily about just getting in my car and driving away from everything, even though I loved my boyfriend and had a great job that did right by me, I just couldn't do anything when I got home but drink and play video games to pass the time and wait for the years to pass, and hating it. + +I take a mild anti-depressant every day and will for the next six months. I'm in cognitive behavioral therapy sessions to teach me new ways to deal with negative thoughts and anxiety. I eat better, exercise more and am taking better care of myself, and in six months I fully hope and expect to fully wean off the meds. I feel **INCREDIBLY** improved and I have since the first week, mostly thanks to the meds. I'm not suddenly in love with my job, but I feel much more like I did a couple years ago - eager, at least, to do a good job and earn the respect of my peers and to make a great product (and the money follows). + +I highly, highly recommend people checking this out if you feel like I described. I know there is some stigma about this but honestly - way more people are trying it for periods of time these days and my friends who suggested it to me are highly successful, well-adjusted people who look at it as a tool like any other medication - dealing with the problem til you have it under control yourself. Modern lives are stressful, and I fully look forward to my ER days when I will definitely not need to deal with the bullshit that brings me down. This has brought me closer to my friends, family and a happy life day to day instead of just dreams of the future. AND it brings me closer to ER - I finally have the energy and desire again to pursue my side hustles, cook and clean for myself and practice skills I want to have for the future. + +Any questions or PMs on the topic welcome. I love this community and it helps inspire me, and I see too many people here counting the days. Live yo life and thank science for modern medicine. +Do not sell AMC!!! I repeat do not sell!! Hedge funds are using whatever tactics they can to create massive panic and therefore a massive sell off, halts are normal when the price goes up or down too fast. However we all know that in the case of AMC hedge funds have the capital to buy and sell that fast to create FUD. + +Don’t be fooled! + +Stay strong my fellow apes. + +HODL to 500K!! + +💎💎🚀🚀🦍🦍 + +P.S. Not financial advice. +**TL;DR - The DTC have profited from the greatest scam of the century. Directly registering your shares may not be the final blow (*****I hope it is*****) but it is the best step forward for any retail investor.** + +&#x200B; + +**Disclaimer -** + +&#x200B; + +* **This is not financial advice.** +* **Do not be alarmed if you cannot directly register your shares. Brokers still hold a fiduciary duty to you.** +* **Prepare your tits for jacking.** +* **The majority of this information was provided by a 2016 article, from some OG ape who hates the DTCC just as much as I do.** +* **We still have questions on DRS and so we should. We should always keep diggin'.** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ **\_\_\_\_\_\_\_\_\_\_\_** + +# You don’t own your Stocks or Bonds anymore…The Depository Trust Company does + +&#x200B; + +*:o. I don't want you to be scared, just angry.* + +&#x200B; + +The Depository Trust Company has grown since October 1995. On July 1998, this amount was estimated by a DTC employee at more than $11 Trillion. As of April 19, 1999, the DTC itself has stated in a press release that their asset value is nearly $19 trillion. In 3 1/2 years, their assets increased nearly $ 10 Trillion . That’s a lot of stocks and bonds supposedly held in trust. The latest trend over the past ten years is for stock and bond brokers to offer “book-entry ownership” only. Every book-entry stock or bond is literally owned by the DTC. **Since 1985, most bond and many stock issuers have converted from the issuance of certificates to book-entry systems administered and controlled by the DTC.** As of March 1999, the National Securities Clearing Corporation (NSCC) and the Participants Trust Company (PTC) are now merged into the DTC. + +&#x200B; + +**Practically, there isn’t one stock or bond issued that is not controlled by the DTC.** + +&#x200B; + +If you purchase any stock or bond through a broker, it is being held for you under a “street name” by the DTC unless you have specifically requested to hold the certificate yourself. If you have a book entry stock or bond, you won’t be issued a certificate. It’s important to note that you have purchased that particular stock or bond without becoming a registered holder of the actual stock or bond certificate. **Instead, you have become a beneficial owner.** The difference between the two is like night and day. + +&#x200B; + +&#x200B; + +**Take the time to absorb and understand the following definitions:** + +&#x200B; + +* **REGISTERED HOLDER**\- A Registered Holder literally possesses, owns, and holds, his stock or bondwith his name appearing on the face of the certificate. The company that issued the certificate hasregistered the owner’s (holder’s) name on their official books. This is the safest way to own a paperasset. You literally possess the fully registered certificate and only you can transfer or sell it. By allRights and definition of law, you are the owner. You have it, you hold it, you possess it, and you keep it.**You have the complete control over it.** + +&#x200B; + +* **BENEFICIAL OWNER**\- A Beneficial Owner is nothing more than a beneficiary , “One who isentitled to the benefit of a contract”- A Dictionary of Law, 1893. All book-entry stocks and bonds you purchase make you the beneficial owner, not the registered holder. The owner of a book-entry stock or bond is the entity or name that it is registered under. + +&#x200B; + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# So CEDE, DTC, DTCC ... who has what + +&#x200B; + +The DTC owns that bond or stock, not you. Rather than in your name, it’s registered (as the legal Registered Owner or agent) in their “street name”, Cede & Company. (In the past, it may have been registered in your broker’s street name, but this is no longer allowed). + +&#x200B; + +The DTC is the Registered Owner – holder – of your stock or bond. The DTC is the legal property-holder, share-holder, stock-holder, owner and purchaser. Your name appears nowhere on the book entry or certificate as the actual owner. Instead, you have been designated by the legal registered owner, the DTC, as the Beneficial Owner. This means that your lawful Rights in that stock or bond are confined to that of a successor or heir. + +According to the DTC, under the US Security and Exchange Commission (SEC) rules, you only have the right to “receive proceeds or other advantages as the beneficiary”. You are not the owner… you are the consignee, “One who has deposited with a third person an article of property for the benefit of a creditor”- A Dictionary of Law, 1893. In legal terms, you are considered the heir presumptive or heir at law to the stock or bond you paid for. + +&#x200B; + +The DTC controls, possesses as creditor, holds and owns your book-entry stock or bond if in a street name. + +&#x200B; + +&#x200B; + +[lots of text. Here's a cat.](https://preview.redd.it/l1xn3czdlvo71.jpg?width=225&format=pjpg&auto=webp&s=eb3aca14d62c3dbe4a2bfb0737e6dd854f869523) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The goooood stuff. The 'Jacque le tits' + +&#x200B; + +From JP Morgan : + +&#x200B; + +There are two types of shareholders: registered, who hold an ADR in physical form, andbeneficial, whose ADRs are held by third-parties and are listed under a “nominee” or“street” name (see chart below). + +&#x200B; + +Registered shareholders are listed directly with the issuer or its U.S. transfer agent. Thetransfer agent handles the record-keeping associated with changes in share ownership,distribution of dividend payments, and investor inquiries; it also facilitates annual meetings. Anissuer’s depositary bank can provide the identities of registered shareholders on a regular basis. + +The registered list **ALSO** includes nominee names such as Cede & Co., which represent the aggregate position of the Depository Trust Company (DTC). DTC uses electronic book-entry to facilitate settlement and custody rather than the physical delivery of certificates. + +&#x200B; + +**The key word is ALSO. You are registered alongside Cede and Co.** + +**I believe that irrespective of physical certificate transfer, directly registering is much more important than I/we may have first realised.** + +&#x200B; + +&#x200B; + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# CEDE and Co - They're laughing at you. + +&#x200B; + +Which brings us to the street name used, registered, and designated by the DTC as the registered owner of over$19 Trillion (USD) of our stocks and bonds… CEDE & Co. Everyone in the brokerage business keeps pronouncing this name as “See Dee” and Company, **but it’s spelled C-E-D-E and pronounced “Seed”.** ***(I want your fuckin memes on this)*** + +&#x200B; + +***This is where the real irony comes.*** + +&#x200B; + +Black’s Law Dictionary, Sixth Edition, 1990, the word Cede is defined as “To yield up; to assign; togrant; to surrender; to withdraw. Generally used to designate the transfer of territory from onegovernment to another”. In the Black’s 1951 Fourth Edition, it lists the following as supportive caselaw; Goetze v. United States, C.C.N.Y., 103 Fed. 72. + +Have you made the connection yet? Your book-entry stocks and bonds and all stock and bond certificates purchased through your broker and held by them under your brokerage account are owned by CEDE & COMPANY (the DTC) as the registered owner. + +You have surrendered, assigned and granted ownership to someone else other than yourself. Their name says it all. + +&#x200B; + +***How ironic and sarcastic can they be?*** + +&#x200B; + +*“CEDE- To surrender possession of, especially by treaty. See Synonyms at ‘relinquish’.” –* + +American Heritage Dictionary of the English Language, 3rd Edition of 1992 + +&#x200B; + +**If Americans had any idea that they have relinquished the lawful ownership of their stocks and bonds to someone or something else, there would be a revolution.** **The point is, now that you know the truth, do something about it and get your assets back into your name.** + +&#x200B; + +:o you made it this far? - Good ape. Part 2 comin soon ...buckle up. + +*21 ways to short sell a stock legally (and illegally)* +Guys there’s so much info and ppl arguing about MVIS is it true is it not. Should I sell tomorrow, should I sell before call, should I risk it all and wait. + +Truth is no one can tell you, but here are some pointers from the past 24hrs. + +MVIS is tied to MSFT, just look at their product it’s literally the same thing. https://youtu.be/uIHPPtPBgHk + +The volume on this guy has 190 million more than S & P 500 (SPY)!!! That’s 3x the amount in just one day!! 60 million plus shares traded after hours. + +There was for a fact a whale that manipulated the price, this caused triggers to offset, and ppl began to panic, furthering the price down. Not to mention the amount of ppl trying to short this thing for a quick buck. + +Patent was approved today, even if you think it’s false, read it carful and you’ll see MVIS referenced. Again Holo lens comparison. + +A lot of institutions and investment companies in this too. Michigan treasury owns 4 million shares, Vanguard owns 3-4 percent, etc. There is 69 Institutional Owners. A bunch filed the end of April and beg of May. + +https://fintel.io/so/us/mvis + +https://www.nasdaq.com/market-activity/stocks/mvis/institutional-holdings + +Many MVIS employees are NOW MSFT employees, one in particular is a senior researcher (hint hint) + +They are in the process to updating the holo lens to holo lens 2. + +MSFT can continue to pay royalties, buy them out after they’ve paid their debt off, or honestly this company continues to grow because holo lens is the future. + +I don’t believe this is a pump and dump, I believe this is to good to be true. If you want to sell to make a quick buck fine, but my own opinion, do your own DD, this guy is a win-win-win. Yes, there will be a bumpy road to the upside, but after the news either announced on the 7th after hours at 5pm, or 19th, I think based on the CEOs letter for exploring potential acquisition or merger on 5/1. We have good evidence to believe this is the real deal. + +https://microvision.gcs-web.com/static-files/b5602e65-5676-46db-bb52-42588b9bfa47 + +Also for all those whales that want to manipulate the price and scare away the avg investor, thank God SSR is in place so it freezes the price if it drops below 10 percent until more ppl can buy in. + +Link for SSR +https://www.wallstreetdaily.com/2019/05/20/ssr-what-it-is-and-what-you-need-to-know/ + +More info from investors hub + +”Ex Microsoft (MSFT) Employees now work at MicroVision (MVIS) +After some research by the community, a staggering amount of ex Microvision employees have been scooped up by Microsoft over the years. This growing list leads to suggest that Microsoft is very interested in MicroVisions technology and capabilities. + +Josh Miller – Director of Engineering at Microsoft and former Lead Systems Engineer – HoloLens (6 years at MVIS as Director of System Engineering) + +Scott Woltman – Director Hardware Engineering at Microsoft (5 years at MVIS as Senior Staff Engineer, Systems) + +Richard James – Director of Optical Engineering HoloLens, former Director of Sourcing – Advanced Optics (14 years at MVIS as Director, Opto-Mechanical Engineering) + +Wyatt Davis – Principal Engineer at Microsoft (15 years at MVIS as Principal Engineer/MEMS Technical Lead) + +Jeb Wu – Principal Hardware Engineer HoloLens HW Design at Microsoft (5 years at MVIS as Sr. Staff Engineer) + +Johnson Liu – Principal Optical Engineer (3 months at MVIS as Staff Engineer) + +Mark Champion – Principal Systems Engineer (6 years at MVIS as Principal Engineer) + +Mason Thomas – Principal Program Manager (3 1/2 years at MVIS as Lead Systems Engineer for DARPA eye ware display) + +Greg Gibson – Senior Electrical Engineer at Microsoft (11 years at MVIS as Electronics Engineering Manager) + +Daniel Nevistic – Hardware Development Engineer – (2 years at MVIS as Electronics Engineer) + +Michael Beard – Senior Optics Test Manager – HoloLens, Senior Hardware Engineer (8 years at MVIS as Lead Systems Engineer of Image Quality) + +Shawn Swilley – Senior Hardware Engineering Manager, former Sr. Hardware Engineer (7 years at MVIS as Senior Staff Engineer) + +Justin Zilke – Embedded Systems Engineer (4 years at MVIS as Lead Engineer, Embedded Firmware) + +Minhua Liang – Optical Engineer (6 years at MVIS as Sr. Staff Engineer) + +Damon Domjan – Senior Embedded Systems Engineer (5 years at MVIS as Firmware Engineer) + +Robert Hilker – Manager HW Test Engineering at Microsoft (11 years at MVIS as Director, Global Manufacturing Technology) + +Bill Woodland – Sr. Director Strategic Sourcing (9 years at MVIS as Sr. Director) + +Taha Masood – Sr. Manager for Strategic Technology Sourcing for Augmented &amp;amp;amp;amp; Mixed Reality Products at Microsoft (6 years at MVIS as Director, System Engineering, Design-Win and Technology Integration) + +Jack Clevenger – Sr. Program Manager (12 years at MVIS as Sr. Program Manager) + +Moh Eslamy – Process development working for both Microsoft and MicroVision (6 years at MVIS managing high volume manufacturing/assembly processing for laser projector) + +Karlton Powell – Senior Researcher (8 years at MVIS as Senior Research Engineer) + +Given both companies are headquartered in Redmond, WA, a Microsoft acquisition of MicroVision could be an extremely easy transition for both the company and employees. + +Microsoft (MSFT) currently using MicroVision (MVIS) Technology in HoloLens +On March 31, 2020, Microvision agreed to an agreement for its April 2017 customer to take over production of the components MicroVision had been producing for the customer. Beginning in March MicroVision started earning a royalty on each component shipped that was approximately equal to the gross profit it earned on each component it had previously produced. + +Around the same exact time, Microsoft started expanding production capabilities for its Hololens in order to meet higher demands for the product. + +And to follow that up, the Army which is currently planing to equip its first units with the Integrated Visual Augmentation System toward the end of next year, thanked Microsoft for the expanded commitment to meet production demands. + +“Our Microsoft partners have been outstanding in reforming the supply chain where necessary and continuing on with the development in their production and manufacturing facility in California” + +And if the dots aren’t connecting enough, immediately after this on April 6th, MicroVision stated their first clue of possibly entering a buyout of some sort. “As we reported on March 11, we are actively engaged with multiple interested parties to evaluate various opportunities to license our IP as well as other strategic alternatives.” + +While no one knows for sure if MicroVision’s technology is in the Hololens, there have been some confirming reports stating that may be the case (found under Hybrid Arrive section). + +Microsoft (MSFT)’s Possible Expanded Use of MicroVision (MVIS) Technology +The connection between MicroVision and Microsoft is almost undeniable when it comes to the Hololens reports and timelines. But an additional use of their tech may change everything. + + + +There are rumors and evidence that Microsoft is using MicroVision technology in their new expanded capability with the Xbox. Microsoft expanding their use of MicroVision technology can show us their interest and commitment to the technology, and also validate why they might think about buying MicroVision out. + +It’s interesting to note that Microsoft announced an Xbox Series X gameplay reveal event for Thursday, May 7, the same day as MicroVisions conference call. Whether anything of substance is announced is yet to be seen” + +Below are some links! Please share info, news and insight. This is not financial advice, do your homework, I believe this is going to the sun. + +https://en.wikipedia.org/wiki/Microsoft_HoloLens + +https://hololens.reality.news/news/microsoft-applies-for-another-patent-enlarge-field-view-ar-displays-0185475/ + +https://youtu.be/uIHPPtPBgHk + +http://www.globenewswire.com/news-release/2020/04/06/2011978/0/en/MicroVision-Retains-Craig-Hallum-Capital-Group-LLC-as-Financial-Advisor.html + + https://www.reddit.com/r/pennystocks/comments/gdih4t/mvis_is_no_joke/?utm_source=share&amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;utm_name=iossmf + + https://alphastocknews.com/microvision-mvis-stock-heres-whats-coming/3292/ + +https://twitter.com/alexcutler247/status/1256429636365488129 +How is it going my homies + +I [made this post on investing](https://reddit.com/r/investing/comments/l8yi83/common_misconceptions_about_markets/) a few days ago explaining all of the QAnon fantasies and why the top could already be behind us. Some people listened, processed information and asked questions. Some called me a person working for Melvin and hedge funds. + +It’s all in the past, but if you got burned on GME or other meme stocks, here are few things you should learn about the markets and trading these bubbles. + +1. Set a price at which you will exit and take profit. Don’t look at what happens next, and never rebuy if the price continues growing. Likewise, set a stop loss at which you will exit no matter what. + +2. Never, and I mean never put in more than you can afford to lose, or even lose sleep over. I have a pretty decent portfolio, and I only put in 0.5% of it in the play. I don’t give a shit about that money, but I still took profit and got a 250% ROI. Easiest cash I’ve ever made, easier than blowing a fat dude in the back alley behind a strip bar. +Anyway. + +3. If you hear about shit on the news. It’s probably not a good time to enter. There is a reason why some early people made money on the play. They understood mechanics of what was driving the increase in price. Many of them didn’t even expect a short squeeze, they just like the fundamentals. Likewise, if your 80 year old grannie (say hi to her from me) calls you and asks you about this magical company called GameStonk, sell that shit right away. + +4. Always double and triple check information posted on forums and don’t take it for a truth even if it has a lot of upvotes. The amount of misinformation I saw on WSB over the past week with 100 thousand upvotes makes me want to vomit. + +5. Stock trading is not a team activity. It’s not us vs them. It’s a fucking free for all, and people will drop their bags on you if they see their unrealized gain turn into an unrealized loss. You want to make money? Do your research, and be the first one on the train. Don’t jump on the train when it is speeding and going off the rails. + +6. If you don’t understand how something works, learn about it. Again, the amount of conspiracy theories that I read about ladder attacks and this grand illuminati conspiracy is driving me nuts. Always use the Occam’s razor, meaning if there is a simple explanation to the situation, it is probably right. There is no need to build out this conspiracy theory for something you don’t understand, it does not help anyone. + +7. You will get FOMO and you will get confirmation bias. Everybody does, but learning how to battle it is crucial. Look, my dad was a fucking casino gambler in his 30s playing blackjack and losing money, and I have the same traits. Does it mean I need to be the same? No, and I always remember my genes when trading. It is not an excuse to use when you lose money. + +8. Realize that situations like this are extremely rare, and if you expect to make 300% gain in 3 days, I have some bad fucking news for you, markets don’t work like this. + +9. Finance gets complicated real fast. Yes, on the surface it’s just buying and selling. I have been studying this shit for 5 years, and I still don’t know a lot of things. There are reasons why even some of the smartest people still lose money. Shit, Newton was burned on a South Sea bubble. Yes, that guy who discovered gravity lost money just any of us. + +10. One bad trade does not define you. As long as you learn, and don’t repeat the same shit again, you are golden. There are plenty of ways to make money on the markets, be it value investing, selling options or setting up butterfly spreads. + +TL;DR: Be smart, not dumb. +Hi, + +I am a 25yo graduate on £25k and I'd like some advice on my monthly expenses: + +&#x200B; + +|Rent|£500| +|:-|:-| +|Council Tax|£85.19| +|Broadband|£24| +|Home Insurance|£4.40| +|Water|£15.17| +|Electricity|£50.59| +|Food|£200| +|Life Insurance|(4x salary, work benefit)| +|Health Insurance|£18.79| +|Phone|£10| +|Misc (Netflix etc.)|£20| +|Pension|£125 (6% employer matched)| +|S&S ISA|£500| +|Savings|£0 (£12,000 emergency already saved)| +|**Total Spend**|**£1,533.13**| +|**Total Income**|**£1,720.15**| +|Net Income|£167.02| + +&#x200B; + +Is there anything I'm spending too much/little on? + +My long-term goal is to be financially secure, but I don't want to make enormous sacrifices to achieve that. + +I would like to retire at age 60 on about £25,000. I hope to be on £40,000 by age 30 and the average peak for my profession is £60,000 at retirement. Is 6 percent (accounting for inflation, interst, increase in salary etc.) realistically enough? + +I also don't want to put down a deposit for a house/invest in a LISA because one day I hope to move abroad, and I also don't want to be constrained to one area should new work opportunities come up in other parts of the country. + +Thank you for your help. +This literally astonishes me on a daily basis. Especially when people view them as an "environmentally friendly alternative." 50% of US electricity comes from [coal-fired plants](http://en.wikipedia.org/wiki/Coal_power_in_the_United_States). These plants contribute nearly 40% of the total of US CO2 emissions (vehicles are currently 32%). Couple that with the fact that electricity is horribly inefficient to transport (which is why your electricity comes from a local source) and the fact that there is NO infrastructure to support electric vehicles and its even more absurd. + +Its actually and even worse idea than corn-ethanol. + +When will America wake up and learn that the next step is diesel and bio-diesel. They comprise 40% of the market of autos in Europe and are vastly more efficient/clean. Further, bio-diesel can be made from dozens of different products. Lastly, the infrastructure is already there. Every gas station within 5 miles of a highway has a diesel pump. Gradually switching from gas to diesel would be a matter of switching already existing pumps. +Asking anyone who was buying rental properties in 2007 and prior: +-How did the recession affect your rental property? +-In a hypothetical world where you knew we were going to see a bear market in a month, would that stop you from buying a cash flowing deal today? +-How have you positioned yourself to weather the next recession? + +Any related insight would be appreciated. + +Thanks +I have a rental for sale that might yield $75K in profit. I owe $60K on my current residence but we are looking to move and convert it to a rental. + + +So can i convert my house to a rental, pay it off with the profit from the sale of the other rental and avoid capital gains if i get it done in the 45/180 day time line ? +The CARES Act has postponed any holders of GSE backed mortgages from foreclosure until Dec 31st 2020. ~~Non judicial foreclosures can take \~35 days.~~ Are we going to see a massive influx of foreclosures and sales by delinquent mortgage borrowers in January and early February or are lenders taking actions themselves to mitigate the amount of foreclosures? + +The number of mortgages on forbearance programs is still about 7%. I haven't seen anything about a CARES Act extension on this. + +[https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/mortgage-relief/](https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/mortgage-relief/) + +EDIT: Its probably pretty rare that non judicial foreclosures will complete in the minimal time frame. Rephrased the original question to be around sales as well. +Hey there everyone, younger guy here who has considered investing in rental properties for years. I live in an area where the price of housing is remarkably low, so the barry to entry isnt terrible. + +I was hoping to see if anyone here has experience buying duplex-fourplex sized units with the intent of being a live-in type owner. + +My fiancee and I are currently renting a home but are considering getting our hands on a fourplex that will afford us the opportunity to rent out the other 3 units. As a way to not only develop that income but to use it as a way to fund our own living situation. + +I suppose i'm just looking for storiesn advice, or related information so we can educate ourselves better on this specific property type. Thanks! +I’m interested in buying my first investment property using cash from a HELOC. Currently I’m working on my career and putting money away in an RRSP to invest in ETFs to save to pay off the HELOC. I’ve discharged my home a number of years ago and the value of my home went up a lot. + +I’ve heard that I can use a HELOC to refinance my home & use the funds to invest. Is this a good idea to do? I’ve found a couple of beat up homes & the numbers do match up. Once interest rates start cooling off or a major housing market correction occurs then I’m planning on investing. + +TDLR; what are your thoughts on using a HELOC to invest in real estate? +As the media basically follows reporting trends in a horse blinder instead of thinking big picture, I've been wondering about something that I haven't seen covered: + +Why is this a sellers' market? Housing prices are inflated, interest rates are up, sellers aren't paying closing costs, and buyers in many markets are even having to pay appraisal gaps and do other wildly irresponsible things like forfeit inspections to be competitive with offers amid a low inventory environment. + + +And where are these sellers going? Surely they'll then face the same nightmare right after they sell their home and go to find another. + + +In any rational world, buyers would have already been turned off and sellers would have to give in a little on what can be controlled, like paying closing costs, etc to find ways to keep prices affordable for buyers. But that's still not quite happening. + + +Maybe it's a signal that Americans just aren't that financially literate. Maybe it's a sign of the wide income disparity in this country. + + +How do I have mortgage brokers and real estate agents offering to lower commissions yet I don't have sellers offering to do something that used to be common like pay closing costs? + + +My guess is that inflated rent is forcing many to dump most of their savings and cash into purchasing a home fearing a never-ending rent increase, but apart from that it just doesn't make sense to me to buy something that is not only at an elevated price but literally none of the previous concessions and assistance that we've been used to are being satisfied. + + +Serious question: Why are buyers even trying to buy right now and why is this a market where the sellers still have an upper hand? While I get it, it still all sounds counterintuitive to me also. +I'm in Western PA, interested in beginning/building a vacation home for my family, either: + +1) eastern coast close to beach (so MD, VA, or NC) +Or +2) mountain (I would imagine WV would be most cost effective) + +I look on LandWatch but I get analysis paralysis. Hoping someone could guide me through the best process & what to expect (fees, warnings, etc) + +I just want to build a legacy for my wife and daughter. +I am in no way a real estate investor, but I want to be soon. I am trying to get my head around some of the finances in order to talk my wife into it. I am considering buying some single family homes and then renting them. I built a model for what I expect to happen in the first year of buying one home at $150k in my area. Some assumptions are noted where appropriate. + + +Expected income(year): + +- income: $14,400 per single family property ($1200/month) + + +Expenses (year): + +* Mortgage: $​9600 (20% down on 150k should leave this for P&I payment) +* Taxes: $1440 (150K home at .0096%) +* Insurance: $500 +* Maintenance: $3,750 (2.5% percent of property - basically any regular maintenance stuff that would come up) + + +With these assumptions, there's a negative $890 cash flow each year. My questions are: + +* Is 2.5% maintenance expense each year reasonable? +* What rate should be expected of umbrella insurance and is that different or same as regular home insurance? +* Are there other common expenses I should account for? +Greetings all, + +&#x200B; + +I wanted to run the following loose plan by everyone and see what $0.02 you had on it. + +&#x200B; + +**Background:** My wife and I would like to become somewhat involved in Real Estate for a number of reasons but not limited to asset diversification (as opposed to stocks, mutual funds, retirement accounts, etc.), increasing net worth in relation to debt leverage, control of a physical asset and mortgage paydown by renters. We are currently located in Philadelphia and our overall timeline here is not solidified but we will probably stay here for at least the next 5 years. + +&#x200B; + +**Finances** + +* Combined income of $150k pre-tax, approx. $8k per month ( I work hourly as a nurse, so minimum is $7.5k, max is $9k+). Wife brings in $3200 per month, I bring in $4200-6k per month, which I think is worth noticing on predicting incomes should I lose my job. +* Current savings of $4500-5k per month as we live frugally and have been saving for a down payment on a rental property. +* Only debt is my student loans at $35k on a 4 year plan at 4.9% with a fixed payment of $927 per month +* By May 2020, wife and I will have between $65-70k of liquid cash from savings for using as a down payment on a property. +* Total net worth between the two of us currently is $160k +* Wife and I both have 800+ credit scores + +**Plan** + +* Wife and I would like to buy a multi-unit property within walking distance to my work and her work, which is what we are currently doing. We do not have a car yet and this has been a huge contributor to how we are able to save as much as we do. +* Most multi-unit houses in Philadelphia range between $180k-450k in the locations that we are looking at, leaning towards the $300-450k range (brownstones). +* There may be an opportunity to buy one of my landlord's properties as we let them know of our intentions to move out in the spring and asked if they might be willing to sell one of their properties to us. They said this could be a possibility. Their properties fit into the price ranges listed above.    +* We would like to live in one of the units of the house, IE Househacking and have the other units cover the mortgage. + +&#x200B; + +I realize that I'm not giving a lot of specifics as I'm in the early stages of this process but big picture, **is this plan too risky on an income to debt ratio? If you were in our shoes and the numbers worked, would you pursue this plan?** +I live in Singapore, a country where only condominiums are allowed to be bought for investment, and you have to pay 12% seller’s stamp duty tax should you desire to sell your property within one year of purchasing it. Every time I see these pseudo real estate investor on the internet, they usually grow their wealth through house flipping. So I’m curious +Guys, +this post is kinda long, so if you want to jump to my question just skip the first 5 paragraphs. + +I have been trying to develop algos to make money on the stock market. Some have shown huge gains, only to be f'd by the bid ask spread afterwards. + +In addition, it is complicated to obtain bid ask data for free. What I did was to use present values of the bid ask (from yfinance) and assume they were always like that. Additionally, I had to use only daily prices (open, close, low, high) and assume I would make an action exactly at open or close. + +I had some algos who worked OK under these simplifications. But I don't trust them. For instance, at open the bid ask spread is higher. Also, the assumption of the constant bid ask spread may be very wrong. + +I have thought about buying historical data. I found historical data of the Russell 3000, by 30 mins, with the bid ask, since 2009, for 500 dollars. And have thought about buying it. But I am still unsure whether I should buy it. First I want to try other things. + +I have started to think about learning other types of trading types, such as futures, options or forex. They may have different pros and cons. And maybe better data (for free). + +So the aim of this post is to know which trading would you recommend and/or what are the pros and cons from each. + +Which one can give the highest returns with algos? + +Which one has more free data available? For example: the data by minute, or the bid ask. (forex maybe?) + +Which one would I have not to worry so much about the bid ask spread? Small bid ask + +Which one has more data? I will assume stocks, since forex does not have that many exchanges compared to the number of stocks. + +And more important, which one do you recommend from personal use? +Hi all, + +I'm wondering if anyone here has any experiencing applying Reinforcement Learning to the finance space. What was your experience like? + +Do you know of any fully or semi-automated RL packages? (Like AutoML, but for RL?). I've been interested in exploring the space, but I've tried taking courses on it and this seems like a pretty deep branch of ML - not something I can dive into quickly. As a result, I'm trying to figure out what the "leanest" approach is, so I can figure out if it's worth pursuing further or not. + +Any experiences, advice, packages or resources would be hugely appreciated! +I'm wondering if anyone knows of a Python implementation of an options trading calendar that would encode dates and times for equity, index, and futures option listing, trading, and expiry. I know of [https://github.com/rsheftel/pandas\_market\_calendars](https://github.com/rsheftel/pandas_market_calendars) and it's great for trading days, holidays etc, but does not have rules for option specific info, like listings, trading hours, etc. Thanks in advance. +According to Alpaca's website and as ONLY documentation I could find (or anyone else from their forums) they are commission free BUT charge the regulatory SEC/FINRA fees. From SEC and FINRA I have: + +1. SEC $22.90 per $1 million sale +2. FINRA $0.000130 per share for each sale of a covered equity security, with a maximum charge of $6.49 per trade + +So just as I started making real money with my algo... here comes something unexpected and very opaque: Many times the SEC fees for no reason at all. + +Typical example: I made a volume of $ 2 million trading on a certain day... bam! $200 fee. And the worst is that they classify those $200 as REG fee on the statement I downloaded. FINRA is $1 which is in line. + +Contacted support and they are pretty silent after redirecting me to their generic page which doesn't mention anything and after I confronted them with a math showing I should have been charge $40 bucks not $200. + +Anyone else has this issue? Thankfully I have other options. + +I also made a complaint to [investor.gov](https://investor.gov) so the SEC will contact them regarding this. +Let's give something about our strategies to the community, without giving a lot. + +you may answer questions like:" + + 1. Is it ML or non-ML? + +2. based on indicators , price-action , fundamentals etc? + +3. how many trades in a day , time frames ? + +4. Success rate , risk-reward ratio? + +5. How many strategies you tried before this one? + +6. is it making money in the live market? if not then whats stopping it? +I've done quite a bit of analysis on equities over the last few months and have noticed that well-known strategies produced decent returns up until the last couple of years. The returns on these strategies were lowering over time, but have dried up in the last couple of years. The strategies used can be found in Ernie Chan's books. + + +My takeaway is that I shouldn't trust backtests on older data because the market has changed considerably. Does anyone have thoughts on this? +I am trying to get notified of buy walls and sell walls from a limit orderbook and I had a couple of ideas and would appreciate some insight into these + +1. Take the mean quantity and anything above the mean quantity would classify as a wall, problem would arise with extremely low price buys and high price sells +2. Take the median quantity, anything above median would do the same as 1 +3. Divide the price range into 10% zones, compute the median in each zone and the largest quantity above the mean/median in the zones closest to the price would form a wall. This would trigger some fake walls though +4. Measure the largest quantities in descending order within a specified proximity from current highest bid and lowest ask and have a condition where if the bid quantity > sell quantity by a threshold T we get a buy wall and vice-versa for a sell wall. Are there better algorithms that I am not considering. This seems to be a problem similar to identifying candlestick chart patterns such as head and shoulder which needs threshold values to identify the formation + +Are there any better mechanisms to identify buy and sell walls from an orderbook programatically? Some direction is appreciated + +&#x200B; + +Will upvote on [quant.stackexchange.com](https://quant.stackexchange.com) if anyone has ideas for the same question here [https://quant.stackexchange.com/questions/42465/how-to-identify-buy-walls-and-sell-walls-from-a-limit-orderbook](https://quant.stackexchange.com/questions/42465/how-to-identify-buy-walls-and-sell-walls-from-a-limit-orderbook) +Hi All, + +On April 2nd at 4pm AEDT we will be hosting an AMA with [BetaShares](https://www.betashares.com.au/). + +We will have [David Nathanson (Founder, Managing Director) and Ilan Israelstam (Founder, Head of Strategy)](https://www.betashares.com.au/about-us/our-team/) joining us for an hour or so to answer all your questions on ETFs, Ethical Investing, BetaShares' inverse products, and much more. + +We will open the AMA in the morning of April 2nd so feel free to check in during the day to submit your questions. + +Thanks in advance to BetaShares! +I have around 6k in emergency fund and I’m planning to move into a shared room with all the bills (internet, water, electricity) covered (around $145 per week). I’m still a full time student atm but I’ve got a restaurant job earning me $130/week, but I have another interview lined up for a full time position. I also want to know what other expenses I’ve got to take care of, eg. how much do I have to pay per year to have my car, how much in phone bills and any other expenses of that kind. + +My mum has been a pretty toxic person and she would force me to move out at any little thing that aggravates her about me. Last night I told her I was going to wakeup at 5:00am to prepare for my internship and she got mad because she wanted to sleep till 6am and was forcing me to move out. 🙃 +Have a house we bought for 295k, now valued at 695k despite it being a dump. We've done nothing to it and we owe 100k on it. House is 3br, needs lots of work. We have 4 kids, work and school are an hour round trip away. + +Found a house that is walking distance to kids school and work, 5br, owners accepted 970k on original listing of 990k. House next door is the same, listed 990 sold for 1 million same week.Both houses on the market less than 2 weeks. + +Have to do bridging finance to get in as I can't sell mine 1st and live with family/friends or rent. + +Very nervous about buying, the arse falling out of everything and having to pay 2 mortgages on houses now valued substantially less. However moving would save shitloads in fuel, can probably get rid of a car, we have some room to live, and I get back about an extra 1.5-4 hours a day not spent commuting (sometimes have to go to work multiple times a day). + +We have a decent household income and could ride out some more rate rises and a sizeable house price reduction so long as current house sold within 9-12 months or so and kept >70% of its current value. + +*Edit* thanks to everyone who took the time to read and reply. + +I'm going to go over some sums a bit more in-depth and look at how far things would need to move house price wise and interest rate wise to find our point of unservicability to guide our next steps. + + Selling now and renting for 6-12 months while waiting to see what happens and/or engaging a second broker seem like the less risky options depending on how drastic a house price/interest rate movement we would be able to reasonably survive. +Like it says on the tin. + +How much more likely are you to be using CommSec for your micro trades? I most likely will as this enables more regular investment, and saving $1000 for a trade is easier than saving several thousand for a single trade to reduce costs. +Warren Buffett’s [Berkshire Hathaway](https://www.cnbc.com/quotes/BRK.A) purchased an additional 18.1 million shares of [Occidental Petroleum](https://www.cnbc.com/quotes/OXY) for almost $1 billion on the first three days of this week. + +An [SEC filing Wednesday](https://www.sec.gov/Archives/edgar/data/1067983/000089924322011287/0000899243-22-011287-index.htm) shows it paid a weighted average of $54.41 per share, a total of $985 million for the new shares. + +At Wednesday’s close of $52.99, they are worth $959 million. + +Source: [https://www.cnbc.com/2022/03/17/warren-buffett-scoops-up-another-1-billion-in-occidental-shares-bringing-total-stake-to-7-billion.html](https://www.cnbc.com/2022/03/17/warren-buffett-scoops-up-another-1-billion-in-occidental-shares-bringing-total-stake-to-7-billion.html) + +&#x200B; + +What are your thoughts and strategy on $OXY? How far can it go? +I'm seeing alot of hate from America's young generations towards the Boomers and alot of posts with the theme "crypto will save us from the boomers". The fact is that the Boomer generation is sitting on the largest IRA/401K paper wealth in US history and the vast majority will be passed down via inheritances. + +Now: imagine what happens when Millenials & Gen X/Z get their hands on that 30T inheritance incoming? Where do you think the young generations are going to stash a large, large portion of that $30T? Crypto. This incoming wealth transfer will also create a massive asset class re-balancing. + +*- edited to correct for gen X. I'm gen x and even I forget we exist sometimes.* + +*- edit #2: the 30T number is from Morgan Stanely's research, linked below. Not just some random number I made up.* + +" The largest intergenerational wealth transfer in history will pass down over [$30 trillion in inheritance](https://www.morganstanley.com/access/why-millennial-investors-are-different) from baby boomers to millennials and Generation X across the next few decades. " + +[https://www.openinvest.com/articles-insights/30t-in-inheritance-moving-to-millennials-how-to-prepare-your-business-for-this-great-wealth-transfer](https://www.openinvest.com/articles-insights/30t-in-inheritance-moving-to-millennials-how-to-prepare-your-business-for-this-great-wealth-transfer) +Hi guys. So as a relatively new investor, I got in at Apple at 215, Disney at 95 and also did an etf at 240. We're going to be seeing big gains tomorrow so overall I'm going to be up about ~20%. + +Chances are, the stocks will probably go up a bit more in the next few weeks and I may be prematurely selling. But I'm going to be laid off in the future and I also think that in the future, the market will drop. A 20% gain since 3 weeks ago seems solid in this uncertain market. + +So I'm likely going to take the gains now and ill test the market again when that time comes. I have a decent amount in savings but I think we're close to the peak before it'll slowly drop down. It probably won't test the March lows but hey, profit is profit. + +Want to wish you guys luck with whatever investment decisions you decide to make +Is there a limit? Like $100? Is it legal to open up a booth at a flea market and sell BTC? Or host a BTC fair and have an exchange table? + +What about giving some away? Like BTC coupons? + +Of course users would have to install a mobile wallet to receive and use BTC. + +Edit: In NYC area. Idea is a concept for a food court or restaurant that only takes BTC but also can exchange for you if needed. +You didn’t buy it at $1, and you didn’t buy it at $1000. You said it was too expensive at $10,000, and said the same thing when it hit $20,000. When will you buy it? $50k? $100k? +A long and frustrating story but here goes - So i opened a new Citibank checking account back in February and deposited around $20k. They ended up actually closing my account in the same month, which was weird but I didn't mind. + +The problem was that when I was trying to get the funds back that i deposited from my other checking account they said that it would be mailed back to me in the form of a check and that i should receive it it 30-60 days. + +Okay no problem - but April i still haven't received anything and I call again and they said that the closure wasn't processed and that I need to wait another 30-60 days to receive the check with my funds. + +Come June I still haven't received anything so I call again and again they tell me the same thing and to wait 30-60 days. + +In July I finally receive something, but there was no check. Instead it was a document saying that there is $0 in the account now. + +So I call again wondering whats going on and they said that the account has finally been processed for closure and that a check would come in the next 30 days or so. + +Come August i still haven't received anything and call again and they said again that it should come in the middle of September. + +Nothing came and when I called again today and they basically told me that no money was owed to me based on their investigation and that's why I haven't received anything. I explained to them that I have statements with the deposits from my other checking account but to them it was useless information. When I asked where my money went since it didn't come back to me, they said it went to some sub ledger and when I asked what that meant they couldn't explain it at all and instead sent me on another wild goose chase through customer service that lead to a dead end. + +Imagine my face when dealing with this saga for 7 months to get told that the money I originally deposited and hadn't touched since the initial deposit was now gone and not owed to me. + +I already filed complaints with FDIC and CFPB in the beginning of August, but that essentially did nothing. + +I haven't had access to these funds for 7 months now and need it to pay bills and such. I'm at my wits end and was wondering if any of you guys know if there is anything else I can do about this situation and get my money back because Citi is basically ignoring me at this point. + +Thanks + +**EDIT 9/21/2021 5:56PM EST:** + +So the reason for the account closure is probably because I actually deposited another $25k from another checking account of mine from Chase. + +Apparently Chase sent Citibank a hold harmless for a fraudulent transfer even though i had the necessary funds in that account and I'm the one who initiated that transfer. + +Chase actually ended up closing the checking account I had with them too. But Citibank actually did end up sending back the $25k to the Chase account. but I never got the $23k back from the other accounts I deposited from. + +That's the reason they gave in the CFPB. +I ran into a high school friend a few days ago. Long story short, he’s been living iut of hotels for the past few years. No job, no permanent address. He revealed that he never received any stimulus money due to those factors. Is it too late for him to claim anything? If so, what steps should he take? I offered to assist him. +I think I had like $10-$30 worth of Bitcoin back in 2015 that i never spent and forgot about until a couple days ago when I decided to check it on a whim after seeing an email from the wallet company. Sooo happy I never spent it and wondering how much I would have if I had bought more. Anyone else have this happen? +I'm tired of being frugal. It's not fun. I graduated school and I'm paying of my student loan debt. The only way for me to pay them down faster is to stop going out to eat. That's really my biggest expense that I can actually control. But it's also the only thing that is worth looking forward to. Going out and having a nice meal and not having to worry about it. + +I bought a cheap car and I was like, because you know, don't waste your money on a nice car. Just get the item that gets you from point A to point B and is reliable. + +I keep thinking making these decisions are going to let me have an easier life later. But they're not. I'm making these decisions so that I can keep making them later. I'm never going to have a nice car. I'm never going to have a nice house. I'm never going to be out of debt. This frugal life isn't a stepping stone to a nice life -- it is my life. + +Once I pay off the student loans, I'll have a mortgage to pay, or college education for my kids. What's the excitement in paying of the student loans when I'm just trading one debt for another. + +Realizing this has made me very depressed. I'm exhausted trying to get ahead. It's utterly exhausting. The research, the discipline, telling myself no all the time. Realizing just how really long it takes to get anywhere. It's not a week goal, not a month goal, it's 5 years, 10 years goals. And every day that I relax and let up, is another day I put myself behind on this never ending ride of paying off my debts. + + +Seriously, it is much more enjoyable and useful this way. I haven't much time to read this sub during working days and on the weekends this sub was so silly being full of repeated memes. I really hope it stays like it is now. Thanks for the awesome job. +Seriously, it is much more enjoyable and useful this way. I haven't much time to read this sub during working days and on the weekends this sub was so silly being full of repeated memes. I really hope it stays like it is now. Thanks for the awesome job. + A few weeks ago, I told someone on this sub that it’s sensible to put around 30% of your portfolio into international stocks. Keeping in line with the typical simple 60-30-10 portfolio. This got me thinking, though, and I recently got into my Vanguard account to see if what I said actually made sense in my case. My international fund, VXUS, is about 25% of my taxable account portfolio, with VTI at 65% and BND at 10%. + +Turns out VXUS hasn’t been great to me in the 2.5 years I’ve bought shares on a bi-weekly basis. My account being a true “buy, hold and forget about it” account, I never looked into it before, and now I’m kind of flabbergasted it has done so poorly. + +[My VXUS Performance](https://imgur.com/vdPf3Kc) + +$1,306 in gains (and only in dividend income—not on any capital gains) on a $36,948 cost basis over 2.5 years, resulting in a 3.5% return. I never imagined it would be that low over a 2.5-year period. + +On the other hand, VTIAX, which I have in a Roth IRA, has given me better return of 10.1% over this 2.5-year period. Even my bonds (BND) are performing better than VXUS at an 8.4% return rate. + +[My BND Performance](https://imgur.com/KQgd1Y1) + +But, taking a step back, when comparing VTIAX and VXUS over the course of their lifespans since Dec. 2010/Jan. 2011, there’s not much difference for the long-term “buy and hold” investor. They both are stinkers. There’s no gradual, relatively continuous increase in value of either. They seesaw up and done for an entire decade, giving the “buy and hold” investor nothing but dividend payments. + +[VTIAX and VXUS Performance Over 10 Years](https://imgur.com/WYSy98E) + +On the other hand, looking back, I could have avoided VXUS and simply put the $36,948 into VTI on a bi-weekly basis (on top of what I was putting into VTI already). + +[My VTI Performance](https://imgur.com/I9IWl91) + +During the same 2.5-year period, my rate of return with VTI is 17.1%. Had I done this, I’d have another $6,281 in capital gains, not including income returns in the form of dividends. + +All that said, am I missing something critical? I fully understand international exposure, in theory, can help hedge against volatility and down markets the U.S. But even Vanguard’s highest-performing international ETF, VSS, pales in comparison to the S&P500. I know the past does not predict the future. But am I in the minority, steadfastly tucking cash into international ETFs? + +Or maybe there are better international funds out there than VXUS, VTIAX and so on. +Was going to post this in December, but we hear you. Let's discuss it right now. + +# Why does the other post mention discussing moving DRS posts to a megathread? + +We still frequently get users asking us about doing another vote on DRS posts, and have been considering off an on whether or not to do it. We figured it was worth mentioning as we planned to review the rules, so why not review them all and present what has been brought up. + +# Why are comments on the other post sorted by New? + +It's easier to see new suggestions and respond to them that way. The previously pinned post wasn't intended to discuss one specific rule, it was intended to discuss potential NEW rules. Today was supposed to be about [the No Brigading rule](https://www.reddit.com/r/Superstonk/comments/z1fqpl/rule_10_no_brigading_help_revise_superstonks_rules/) and the other GME subs we want to whitelist on automod. + +# Comments on this post are set to the default sort "Best" + +Here's the post that was planned for it. Polls suck so just leave a comment + +&#x200B; + +# What's happening? + +Based on feedback from the most recent revision to Rule 2, we're asking for comments on all of our rules for the sub, some of which will contain our proposed revisions. We'll do our best to review and discuss your comments, as well as provide insight into why we may or may not go forward with suggestions. + +**See** [the main thread here](https://www.reddit.com/r/Superstonk/comments/z1fs86/help_revise_superstonks_subreddit_rules_start_here/)**for more information and expectations for commenting on rule revisions.** + +# About Rule 8 + +The mod team has no proposed changes to the rule, but we are open to discussing how Superstonk handles DRS posts going forwards. Reddit now allows adding images to comments so a DRS-proof megathread is a possibility. This could be done on weekdays only and similar to NFT Giveaways the flaired could be available on the weekends. (Image comments are currently disabled on Superstonk) + +Do note that some users are unable to check the sub during the week and the weekend is when they catch up. It would be preferable in most cases to have a similar experience on Superstonk 24/7 than letting weekends get too wild just because fewer people are online. + +Also regardless of the decision going forward, please stop reporting DRS-proof post and Buy Orders as spam. And no, holding other positions and having them shown in your DRS screenshot IS NOT BRIGADING. Yes, we understand that some tickers are automoded, but that's because we've had reports of brigading and defaming other communities in our comments. But since we're here, should other positions in DRS screenshots be censored? + +## User Report option: DRS Positions & Buy Orders Only, No Gain/Loss Porn + +## Proposed Discussion + +Revisit how to handle DRS-proof posts on Superstonk. + +&#x200B; + +## 8. DRS Positions & Buy Orders only, No Gain/Loss Porn + +Full positions can be posted if they are directly registered in your name. Any positions from “street name” brokerages will be removed. + +Buy orders (including through brokerages such as Fidelity and TDA) can be posted. (If using a brokerage, do NOT show your full position or account number). + +Do not post screenshots or details of your gains or losses. (ie. Exited positions displaying gains or losses from sale) These posts will be removed indiscriminately. +For months, a bug in CloudFlare resulted in malformed pages spraying uninitialized memory. This uninitialized memory contained **anything** that passed through CloudFlare: passwords, cookies, HTTP headers, HTTP content, [even internal cloudflare TLS certificates](https://news.ycombinator.com/item?id=13719694). + +**ANYTHING transited through CloudFlare could have been sprayed onto the internet**. Even worse, HTTP caches (like Google, corporate web caches, ISP caches) have cached these malformed data. + +> The examples we're finding are so bad, I cancelled some weekend plans to go into the office on Sunday to help build some tools to cleanup. I've informed cloudflare what I'm working on. I'm finding private messages from major dating sites, full messages from a well-known chat service, online password manager data, frames from adult video sites, hotel bookings. We're talking full https requests, client IP addresses, full responses, cookies, passwords, keys, data, everything. + +"Consequence of @taviso's Cloudbleed discovery: essentially any traffic which passed through Cloudflare (even https) recently might be public" + +https://twitter.com/octal/status/834925850470432769 + +UPDATE: 1Password not affected + +**What you can do** + +Change passwords on all CloudFlare sites. This includes: + +- reddit +- bitfinex +- bitstamp +- coinbase + +etc... + +If you enabled 2FA recently in the past few months, it's possible that the 2FA secret ITSELF was leaked. You should disable and re-enable 2FA. + +You can read the full discovery here: https://bugs.chromium.org/p/project-zero/issues/detail?id=1139 + +You can see CloudFlare trying to downplay the impact of the incident, when Cloudbleed is bigger than Heartbleed. +FIRE **requires** infinite economic growth on a finite planet. We're told from our first spoon-fed lesson of econ 101 that any impediments to growth will be bulldozed out of the way by innovation. + +Except, our very economic growth is now cooking the planet. We vaguely recognize the issue, yeah, but we have not come to grips with the full reality of what it means. We keep seeing heads of state fly off to climate conferences to make 'commitments' with absolutely nothing behind them. Look at the IPCC reports, and almost all of the scenarios outlined require carbon air capture (a technology decades away from maturity) deployed to a greater extent than we've ever deployed *any* infrastructure, and backed by near limitless clean energy. + +In short. The news is not good. The world we know today will soon be irrevocably changed. It's questionable whether human civilization as we know it can survive another century. Just about every prominent scientist studying climate change acknowledges this, but puts on a brave face and insists there's still time, but what most don't say is that they're just hoping to salvage as much as possible while we're still able to muster a coordinated response. + +Now, with that said, I don't believe the world is 'ending'. I don't even think that the worst effects will happen in my lifetime. My question is, what do you think happens to our investments after a couple bad decades, and the business community slowly comes to grips with what's to come? Do you really think investment returns will support you for another 50 years? + +The future is unknowable, but the scale of the problem is undeniable. I can only look at this issue for so long until I simply can't bare to think of it anymore, bury my head in the sand, and tell myself everything will be ok. + +Has anyone here undertaken major life changes to try and prepare for this? I'm not talking about abandoning all rationality and becoming a crazy prepper in the woods waiting, but short of that? Has climate change made you reconsider where you'll live in retirement? Have you taken up homesteading or tried to organize a more resilient community? What's your 'plan b' if returns don't support your retirement? + +--- + +edit: + +Ok, perhaps FIRE does not require infinite economic growth, but FIRE but I think FIRE would prove *very* difficult during a period of low returns and high inflation. I think that could easily come about if the market fundamentally missprices the risks of climate change, and we have higher inflation. If you want to see what such a period looks like, go plug the mid 1960's or 1910's into a retirement calculator. Now consider, would climate change be a better or worse scenario than those start points? +Hello everyone, + +I've been paying some attention to the top market gainers for a while to see how the hype holds up and I've noticed that if a stock was a top gainer in the premarket fueled primarily by hype from news or something similar then the stock price drops for the remainder of the day. Unfortunately, this is only based on observations and I don't have much data which is why I am making this post. Has anyone tried this before? If so, what were your results like? Is there anything I should look out for in regarding the greeks with a strategy like this? I'm still going to research it and do some back-testing before even considering trading with real money. +This subreddit is not the first (or last) to cover poverty-related topics, but it is the most popular. This subreddit had a viral start, and it continues to benefit from the steam generated by a large userbase (284k members and counting) and frequent trips to /all. Naturally, that level of activity means that even if it's hit or miss how the community responds to poverty-related topics, some measure of response is guaranteed to occur. That's not the case in all the other subreddits. Some feedback is better than none when you're shouting into the void. + +This post is not at all an encouragement for exodus; I'm certainly not going anywhere. There *is* good content to be found here, Not All Mods Are Bad, and forthcoming flairs should prove very useful. But, if you're dissatisfied with your experience here (and that certainly seems to be a lot of people given the recent push/pull regarding debt-related content here), you have the following options. Perhaps the mods will feel it helpful for everyone to add these subreddits to the sidebar or wiki. + +**Broad spectrum poverty-related issues:** +r/HelpMeImPoor - created last week; active and actively moderated; currently over 1.7k members. + +r/SurvivingPoverty - created two months before this one in 2018; inactive but moderator is active; 271 members. + +r/PovertyTips - created in 2009; previously abandoned and largely inactive (I requested and was granted head mod privs last year); 1.9k members. + +r/poverty - also created in 2009; sporadically active and actively moderated (I asked to join moderation team about a year ago, was granted secondary mod privs); was created for focus on program/policy-related discussion about global poverty; 1.7k members. + +r/poor - created in 2011; active and actively moderated; 2.7k members + +**Housing-related issues:** +r/almosthomeless - created in 2015; active and actively moderated; 20.5k members. + +r/homeless - created in 2009; active and actively moderated; 22.7k members. + +r/AffordableHomes - created in 2018 and abandoned shortly thereafter; currently described as focused on disadvantaged people seeking affordable housing solutions. I recently requested it since there were no mods listed and was granted head mod privs; 83 members. + +**Program-related issues:** +(mainly US, there are likely others for different countries' programs, but I just don't know about them off-hand like I do these) +r/foodstamps - created in 2014; active and actively moderated; a very even split between recipients and program-affiliated users, very informative space; 980 members. + +r/Medicaid - created in 2011; active and actively moderated; moderator seems experienced with the program from a professional point of view, though varying rules in every state can make it difficult to answer some questions; 730 members. + +r/SocialSecurity - created in 2010; active and actively moderated, but not poverty-specific; Supplemental Security Income, which is a benefit for low-income disabled people, is handled by the Social Security Administration, so it's brought up frequently; some moderators and users are experienced from a professional point of view (either they work with the agency or they are disability lawyers); 2.3k members. + +r/welfarefinance - created in 2018; private, currently inactive but open for invite requests and actively moderated. I created the sub soon after this one came to life and it was clear that people who depend on assistance programs were being met with a lot of stigmatizing treatment, and that a majority of the mod team at that time was not very well-informed about recognizing common stigmas and stereotypes as they occurred. Unfortunately, by being a private subreddit, it doesn't see much drive-by activity. However, I do still maintain it and help users who want more one-on-one assistance, particularly when it comes to making spreadsheets that help them track their income vs. program limits. Around 100 members. + +----- +On a more personal note: of the 4 subreddits listed where I have moderation privileges, I only created one, and it was in reaction to my displeasure about certain moderation choices here two years ago. I requested moderation privileges on the others because most of them were entirely abandoned, full of spam, or both. A lot of my activity on Reddit involves advocacy because it's what I do in real life, too, as a low-income single parent of disabled children, recipient of public assistance, who is chronically ill and working towards a Peer Support Specialist certification. I have a lot of lived experienced and a professional interest in advocating for more awareness about poverty-related topics, which is why I'm posting this. + +There are some pretty clear contentions about the use of the word poverty in r/povertyfinance and what it means to different subscribers. There is a very loose definition of the word at play here; some people find this relieving, others find it troubling. From the beginning, I have said -- sometimes quite strongly -- that there would be problems with asserting that the word can just mean whatever anyone wants it to. Fresh off a 1-day ban with no prior warning that I was rule-breaking or that I was long overdue for "substantial mod action", all I can really say, yet again, is that it's understandable that the more economically vulnerable members of the subreddit feel the way they do. + +While I personally don't think poverty as its defined here should refer *only* to a textbook definition (in America, the federal poverty guide is barely adequate as a snapshot of reality, admittedly so by the very agency that puts it together), it is already hard enough for impoverished people to find a supportive community experience, as it is. Being asked to make room at the table for fractionally-to-significantly more advantaged, if strained and stressed, peers can come across as all the more insulting. It doesn't help matters much that policy-related realities can't be discussed here (here's looking at you, SSI asset limits that haven't changed since the 70s), so an uneven perspective thrives in that vacuum. It's not by design, but it is inherent. +I'm wondering if anyone else has had this problem. Chase Bank refused to reimburse me after a check was stolen from the person I wrote it to. Yes, timely filing of the fraud report and notarized affidavit filed with Chase. They lead me on saying the other bank (the thief's bank) was working on their paperwork or hadn't responded every time I went into a Chase branch to ask about it. This dragged on for months and months. + +TL:DR +Here are some links that anyone who is getting screwed over by their bank should know about: + +Comptroller of the Currency +http://www.helpwithmybank.gov/complaints/index-file-a-bank-complaint.html + +Consumer Financial Protection Bureau +http://www.consumerfinance.gov/complaint/ + +Federal Banking Commission (Federal Reserve) +https://www.federalreserveconsumerhelp.gov/about/contact.cfm + +Uniform Commercial Code, by State - Straight up legal mumbo jumbo, but it's here if you need it. +http://www.law.cornell.edu/wex/table_ucc +Everybody says we’re early in crypto, but honestly I think we’re getting semi close to not being early anymore. With Crypto.com sponsoring UFC, having the name rights to the Laker’s stadium, and coinbase advertising on the Super Bowl half time show, I think it’s debatable to how early we really are. + +2020 saw some insane gains for Layer 1s and sadly I started investing in June of 2021. I do believe there are still huge gains to be made, but I wonder what the market cap of crypto will be in even 3-5 years. + +What marketcap of the entire space would crypto have to have for you to think we aren’t early anymore? I think the time is now to really accumulate. +If you're wanting to holding multiple portfolios in one account and currently only have one portfolio, you can head to 'Account' and scroll down to the Portfolio section to add a new one. + +If you currently hold more than one portfolio under multiple accounts (there has been a hack where you just needed to set them up under different emails), you should also be able to merge them under the 'Merge accounts' function. Haven't tried this one myself because I was patiently waiting for multiple portfolios under the one account. + + +Edit: apparently there was an app update this week so you might need to update first. +So my wife and I were doing our budget and then we wanted to calculate our savings rate. But then the question came up of “what do you count as savings?” Do you count the principal on the mortgage? Is it a ratio of your gross or net income? Do you include investments? + +Example: +Household gross income: 120k; +Household net income: 100k; +Mortgage: 25k (15k principal + 10k interest); +Living expenses: 50k; +Stock investments: 15k; +Remaining: 10k; + +What would the savings rate percentage be? +Edit: Thanks for the thoughtful comments everyone! The best point was to forget the taxes and see what level of leverage I would normally take. After I thought about it that way, I’m just going to pay the taxes and not worry about it. Have enough now to live my life comfortably and help my family out. + +Someone asked about the type of business. I can’t be specific but it’s in the healthcare arena. And it is a successful one lol. + +I (42M) recently closed a PE event on my business. Got 21M cash and 6M in roll forward equity. Already had 3M invested in equities, etc. +My tax liability from this is long term capital gains (USA) somewhere around 7M. + +One idea that has been thrown around is to use my line of credit to pay the taxes instead of cash. The line has a 1% rate on it but that’s based on prime rate minus 2.15. Limit is based on the amount of assets and how they are invested. Advisor said my limit would be 50-75% of the total assets, so 12-18M on a 24M account. There’s no limit on how much I can draw. + +If I do that I’ll have 24M (21M+3M) to invest instead of 17M (14M+3M). + +If that 7M returns 5% then after the interest is paid on the line I’ll net an extra 280k a year (350k-70k). + +Only real risk I see is prime rates sky rocketing or the market taking a massive fall so my line needs to be paid back. Both of these seem to be unlikely. Market would need to fall by 30-40% to even get close to paying some of it back. + +Anyone do this? Am I wrong about the risks? Any other advice? +I’m one of those tech startup guys that built my net worth by building and selling a company. 2 actually. I sold the second right before covid hit, and coincidentally, right after my first child was born. I’m financially independent and could theoretically embrace the stay-at-home-dad life and retire but in doing that over the last 6 months I’ve realized... + +... I miss working. + +Has anyone else felt this? Has anyone retired and not looked back? I’m just past 40 if that helps. + +Edit: these are great responses everyone - thanks for the feedback! +I’m wondering what the fallout from a claim against umbrella insurance would be - in the vein of “have a car accident, rates go up.” + +I imagine it goes like: 1. Company goes through your original application looking for ways to deny. 2. If they can’t deny, they pay the claim then drop your coverage like a ton of bricks. 3. Can’t get any new coverage due to previous claim. If it can be found, it’s 10x more than before. + +Has anyone here had a claim against their umbrella insurance? What were the insurance-related impacts? (I imagine any claim has a nasty story behind it - don’t mean to pry on that) +My mom’s old company (she quit a year ago) apparently messed up either their tax reporting or withholding for the past several years (at least 3+). My mom got a letter from the IRS today stating she owes $60k to the IRS by the 26th. She called her old company and they confirmed this and she is not the only person that this has happened to. She has not yet called the IRS. My mom does not have 60k lying around. + +What is the best way to go about this? I am having her call the IRS tomorrow. Do they do payment plans? What is someone supposed to do in this situation? + +Edit: I looked at her form and it was specifically retirement income and her company did not withhold enough tax from that. The IRS bill identifies issues with her W2 and 1099-R. + +Edit 2: Had a very difficult time getting the full story out of my mom. According to my mom, her company gave her “retirement” payouts in advance of her planned layoff/early retirement/quitting/whatever in 2017, but she actually left the company in 2018 and that’s when she got her severance and started taking her pension. So it sounds like it was her doing an early withdrawal from her 401k. I considered my mom a financially literate person so I am having a hard time understanding how she took out money and didn’t expect to pay taxes. She’s making it sound like her company took out some taxes when they did her payout and I think she thought that was all the taxes that had to be taken out. She said her company reported to the IRS that they under taxed employees when apparently multiple employees also took out early retirement funds. +I'm 26 years old. I dropped out of university during my second year when I was about 20 studying mathematics. I think I should have held off on university. I wasn't in the right headspace for it and although I liked A level maths because I was good at it, university level was a whole new thing. + +The one thing I really liked was a programming module I did. I've played around with the idea of getting into coding and I like the idea of returning to complete a degree in computer science. No drinking or wasting time, just knuckling down and working my ass off. + +The issue is I've used up most of my entitlement to university finance support because of my previous attempt. (not resentful it is how it is) +So I can receive finance for the last year. But I would have to pay for the first two years out of pocket. That would be at least £18000 for tuition alone not including living costs. + +I've been in Australia for the past year trying to save the money to sort of hit restart on my life. (the money is alot better out there for doing pretty much the same sort of hospitality/low level work) + +I got frustrated and flew home for Christmas. After a chill out I'll be going back out there. I have about £8000 saved. Do you lot think it's worth it to save up all that money and then put it into education, or perhaps invest into a coding boot camp which is a lot cheaper but less substantial. + +Sorry for rambling I'm just feeling aimless and I'm not sure if this direction I'm taking males financial sense. + +Any replies appreciated. +While I've found the taste of Crayons not to my liking, I fear that years of sniffing fruit-scented markers has made a permanent impact on my last remaining brain cell. Don't consider this to be any sort of rational advice. + +Today while washing the events of the last 24 hours off of my fur, I started to ponder the chances that the whole industry behind closed doors knows that the MOASS is inevitable. What if the DTCC has been in contact with the need to know people on top of the major brokerage players, and an agreement has been made to hold off on the dismantling of Citadel until the appropriate rules and procedures overseeing such an event are in place? + +Obviously we are in uncharted waters with this whole thing, but honestly it didn't seem all that unlikely. Given how long what appears to be inevitable has been delayed, an orderly carving of the carcass could be organized to try to avoid maximum damage to the market. + +How this would affect the retail MOASS interests is an excellent question, and I'm sure that it would be taken into consideration. + +Ran out of hot water coming up with all of that, and now I have an ape hairball the size of a cantaloupe in the drain. +As wild as that sounds, I just got overpaid by $35000 in my most recent paycheck. This isn't one of those "so how can I keep this money that isn't mine" questions. My question has more to do with repayment. I can either (a) repay in full or (b) have about $800 taken out of my next 44 paychecks. + +I believe the $800 in 44 paychecks is interest free (so, basically, an interest free $35k loan?) + +&#x200B; + +What would you do - pay it back in full or keep it (either to make the difference up every month, invest it, etc)? +Hi, I am sorting out my finances and implementing the flow chart. Today, I called my pension provider via my workplace scheme to follow up on the consolidation of my pensions from my previous employers and saw £2.5K for 6 months of employment. This is understandable as I currently salary sacrifice 2% and the maximum is 5% (my employer will contribute too). Once I saw the contribution of 5% on my current salary, assuming I was to retire at 55-65 with no salary increase, it was peanuts! It was just shy of £200K. I am currently making £58K. + +£200K is someone's yearly salary. I don't know why but this has made me deeply sad and also quite motivated to do something about this immediately. I just don't know what to do besides these things: + +1. Build up my emergency fund for one year (starting from scratch) +2. Move things around in my budget so I can afford a 5% salary sacrifice + +What else can I do? + +Minor panic attack from a 20 something-year-old lady trying to get her financial life in order! +Being in crypto for over 6 years now (which shouldn't mean anything) and got into solidity this sub has become unbearable for me this past year. Every single post 9 times out of 10 was pure hopium and anyone with a different view was downvoted into oblivion. Majority of the posts here reminded me of the whole DOGE to the moon phase. + + I don't learn anything new in here and have to resort to other subs to keep myself up to date with tech. + +And the people I see claiming to be in crypto for 10 years and just HODL are so full of shit by just doing a simple search through their post history. + +People were telling you at $50k "invest all your bags!" and "BTC is on sale it will never be this low again". Those same people claimed we were in a "bear market" I honestly heard that term thrown out so much that I even question if I know what it means anymore. + +Welcome to an actual bear market. + +You have the idea to HODL but many of you are completely over leveraged. You over invested what you could afford to lose and have the mindset that you're still going to HODL. That's ok. + +Heres what's going to happen over the course of the next year or so. + +Crypto market could get worse and stay like this for a couple years. Most of you will lose hope and something will come up in life (bills, trips, etc). You will take a little bit out promising you will put more back in eventually. Slowly depleting your portfolio. + +Years will go by and the next run will come and then you will reinvest again but this time will be different. + +Your lessons will be your own. + +We're all full of shit on here no one knows shit. + +Start learning about the technology behind everything and the backend stuff in order to fully believe in crypto. Hopium posts on Reddit, MSNBC, tech crunch articles are not going to keep your hopes up. + +Edit 1: There’s other subs on here that will be helpful. Discord groups, reading white papers, even Twitter has gold. + +Edit 2: [Post from 9 years ago to help you understand](https://www.reddit.com/r/Bitcoin/comments/1c5j46/you_people_are_seriously_not_thinking_clearly/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +Read an interesting article from The Atlantic. + +[Frugality Isn't What It Used to Be](http://www.theatlantic.com/business/archive/2016/10/frugality/504428/) + +It's a bit wordy but I encourage a full read. It's part book-review, part synopsis, and part opinion piece. + +Some interesting highlights: + +On the topic of how frugality has changed: +> Further, Westacott adds, today’s economic efficiencies have rendered many traditional notions of self-sufficiency obsolete. “There was a time when it almost always made economic sense to repair an item rather than replace it, so people would darn socks, patch sheets … But when half a dozen socks cost what a minimum-wage worker can earn in less than an hour … some of the old ways can seem outdated,” he writes. If stitching up worn-out socks is no longer the most efficient way to spend one’s time and money, does it remain virtuous solely because it is a symbol of self-sufficiency? Probably not (though of course it could still be considered a principled vote against consumerism and for environmentalism). + +The author argues that the small luxuries matter far less than basic necessities (housing, education): + +> In other words, individuals’ frugality at the margins—one fewer latte here or there—matters less as the basic costs of living march ever higher. With that in mind, Ben Franklin comes off as a little naive when he wrote, “Beware of little expenses; A small leak will sink a great ship.” Small costs do add up, but they rarely amount to anything close to the big ones. + +Also rejects the Mr Money Mustache approach: + +> Earlier this year, The New Yorker profiled Peter Adeney, an uber-frugal father of one living outside of Boulder, Colorado, who writes a personal-finance blog under the nom de plume Mr. Money Mustache. ... He is not living in squalor, either; he is just incredibly discerning about his expenses, and spends a lot of time doing things that are free, like hiking. Why isn’t every American living this low-overhead life of leisure? Perhaps because not every American is paid well enough in a tech-industry job, like Adeney was, to save up enough in their 20s to retire at age 30. + +Thoughts on the article? + + +https://preview.redd.it/1w934bc1ad991.png?width=878&format=png&auto=webp&s=2e7e0713e0620395c4031e60af538acdbaa3131b + +Hello Apes, + +We would like to continue to keep you informed about the developments of DRSGME. Transparency is very important to us. We strongly believe that feedback is the only way to get better. For this reason, we try to have many avenues to receive feedback and we also try to answer every single question. + +In the last few days since the launch of the fundraising campaign, we're very glad to report that the amount of feedback has multiplied many times. We have received so many great messages and warm words, which has made our entire team extremely happy. We would simply like to say "thank you" at this point. Without the unbelievable support, hints and corrections, we would probably have been forgotten long ago today. + +At DRSGME, we represent our own opinions and ideas. We always try to do everything right and to improve continuously. We will never speak on behalf of Superstonk or any other community. As self-identified activist investors face fraud, corruption and other criminal activities every day. Suddenly a handful of retail investors are making it their business to educate investors about DRS and address GameStop's transformation process? In their spare time? And the goal is to do that even outside of Reddit? And then they ask for money too? What the hell? + +We appreciate and welcome the suspicion and skepticism. Therefore, it is immensely important for us to be transparent about what is happening in this project and what we intend to do. We are a team of over 50 people, considering the number of users on our Discord server, which has been set up to organize this project. Nevertheless, we are humans - humans can make mistakes. We work every day to improve. + +In order to help facilitate that improvement, we asked for feedback as a team from the Superstonk discord server. These questions were submitted and recorded anonymously in a Google document. The phrasing of the questions were left exactly as they were sent to us. + +We hope this exercise will help by providing our answers to some of the most pressing questions from the SuperStonk discord community and also by showing our dedication to accessibility and transparancy. + +Future Q&A sessions with our team will happen in the future as this project continues to grow and as our DRS advocacy and advertising strategies move forward. + +**1.** **Whose decision was it to produce an advertisement on Facebook using a Guy Fawkes mask?** + +*Even if it was an individual decision, we as a team at DRSGME stand united behind it. We will never put individual team members in the foreground and thus make them a potential victim of insults, hate or other accusations. It may carry more weight as a symbol and overall distract from the intended message, and we are taking this point to heart in future internal discussion to focus more on facts than on sensationalism.* + +**2. Do they (The people who chose the Guy Fawkes mask) not know it's a symbol of not only terrorism but also Anon, a hacking group that does illegal activities?** + +*It is not clear if the creators of the ad were aware of whether this symbol could be misinterpreted. Therefore, based on the feedback from the community, we also decided to pause and adjust the current campaign with the motifs.* + +*The main reason for this decision was the fact that this image is polarizing and that people associate Guy Fawkes with the will and drive to change something for the better. We strictly reject any potential affiliation with Anonymous or other groups with illegal methods.* + +**3. Also whose decision was it to include phrases like "class warfare" into the ads for drsgme.org?** + +*In none of our ads is or has the word "class warfare" ever been used. This is a false accusation and we strictly reject it.* + +**4. Who is producing these ads for drsgme.org?** + +*All ads were created internally by the DRSGME team.* + +**5. Are you aware that these kinds of advertisements are, by their very nature, dangerous not only in the misinformation that they carry, but also put those who support your organization via donations at risk of legal action?** + +*This is incendiary and we would like to have more detailed and specific instances in order to provide comment, such as which misinformation is being referred to and what kind of legal action could be justified against a citizen donor.* + +**6. Do you personally know any of the other people who you work with to promote drsgme.org?** + +*We do not understand the purpose of this question, but would like to answer it anyway. Two people within the team know each other personally. The rest only know each other via chat or digital meeting.* + +*Moreover, we have no knowledge of whether more people know each other personally. We also do not keep any personnel files. This project consists of independent volunteers only. Everyone in the team only needs a username. We do not ask anyone to reveal their true identity or location.* + +**7. Have you met any of them in person?** + +*As already mentioned, two people know each other personally.* + +**8. Can you confirm that you haven't been compromised by an agent provocateur?** + +*We cannot answer this question. What would such proof look like?* + +**9. Who is responsible for writing website copy, what discussions have been had about the copy and can we see them?** + +*The content on the website is reviewed internally in the team. When content is selected, multiple instances are run through. From the idea, to the implementation and quality control.* + +*There is no blanket answer to this question. We will not publish internal records so as not to highlight any team members individually.* + +**10. Are you aware of: "The Foreign Agents Registration Act (FARA) (2 U.S.C. § 611 et seq.) is a United States law requiring persons engaged in domestic political or advocacy work on behalf of foreign interests to register with the Department of Justice and disclose their relationship, activities, and related financial compensation."** + +*'On behalf of foreign interests' is weighted language. We didn't check if participants and contributors to DRSGME are directly registered stockholders. We do not request stock receipts. We rely on trust within the team.* + +*Our team has a personal vested passion for this advocacy. We do not collect further personal information from any volunteer contributor. We don't get any financial compensation from this project.* + +**11. Are you aware that participating in a group or organization, whether official or not, that is involved in advocating the destabilization or destruction of US financial institutions is a violation of the above?** + +*We would not agree that direct registration is itself advocating the destabilization or destruction of US institutions. Direct registration, through self-custody of share certificates, is an older element of the markets at large than brokers, the DTCC, Cede and Co and other mainstays of today’s financial world.* + +*NYSE and similar exchanges are private non-government entities subject to market whims. In a fair market, direct registration would lead to market volatility and price discovery - which would not destabilize the market in broad. Also our concern is just about informing why DRS is a good thing in our opinion. We don't suggest or incentivize anyone to buy shares. We are no financial advisors.* + +**12. The used search terms, price paid and overall strategy seem to be made by non professional people on internet marketing. How can we make sure money is not going down the drain?** + +*You can't. Donators should be aware this is a volunteer consortium of amateurs and no results or products are guaranteed.* + +**13. With a project like this, taking apes money and saying you’ll use it to expand the word of drs, the expectations are REALLY high. Why does this campaign look so unpolished and all over the place?** + +*First of all, we would like to clarify that we are aware of our mistakes (e.g. grammar that needs improvement) and this will no longer occur in the updated ads. In addition, "unpolished" is always very subjective.* + +*Moreover, as mentioned above, this project was created by non-professionals in their spare time. These people live in different countries around the globe and are not all native speakers. We mean this not as an excuse for any unprofessional behavior, but as context for it.* + +**14. Why not open an own sub where to collaborate. Not only that, why act all defensive when people on the sub correct the grammar, when it’s the sub paying?** + +*Since the independent team of volunteers mostly consists of Superstonk users, we've seen this as our home as well. We never ruled out using our own subreddit, but primarily wanted to focus on the two major subreddits related to GME to get the most feedback and support.* + +*If it seems like DRSGME.ORG representatives are defensive, please remember that we are a group of volunteers working in free time for something we all share passion for. As before, we mean this not as an excuse for any unprofessional behavior, but as context for it.* + +**15. At what point do the operators of the site recognize that their actions are, intentionally or not, leading towards divisiveness?** + +*We fail to see the issue with this. There is a clear line between owners of a stock and beneficial owners of a stock, and it's in those gray areas where market forces enact the greatest inequalities.* + +*If a party is choosing to react divisively to DRSGME.ORG content rather than engaging in meaningful criticism of the content itself, that does not make it a DRSGME.ORG responsibility.* + +**16. Does the site understand that, at this point, it appears as if the subreddit appears to be shifting from a forum to promote GME, Gamestop, and Computershare, to one that supports an off-sub site instead?** + +*We would disagree with the premise that the DRSGME site is responsible for its own popularity on a public forum, but moving direct discussion to a new dedicated sub is something we are looking into.* + +*Our intention is that the contributions of DRSGME team members or contributions with a DRSGME connection are perceived positively in the forum.* + +**17. With that in mind, does the site intend to make any kind of statement, using the platform of support it admittedly has, to call for a cooldown on pro-site brigading, and will the operators take similar steps on their own accord?** + +*We do not think a cool down is necessary. Policing community posts is not the job of DRSGME. Reddit is a place where users decide what they want to see. As long as we have that freedom, users should be included in such decisions as well.* + +*Last week's Temperature Check post (*[*https://www.reddit.com/r/Superstonk/comments/vkdbj2*](https://www.reddit.com/r/Superstonk/comments/vkdbj2/drsgmeorg_temperature_check_community_discussion/)*), the team tried to answer every single question to ensure even greater transparency and we would like to hold future discussions about how DRSGME.ORG can further improve.* + +**18. Should the site set up its own subreddit, and move all pro-site action to there, rather than sowing divisiveness on** /r/superstonk**?** + +*This question is formulated rather sharply (“sowing divisiveness”) and has already been answered comprehensively in question 16.* + +**19. Alternately, what plans does the site have to heal the current divide, keeping in mind the general attitude towards any kind of monetization as well as speaking for investors who do not choose to be represented by your site?** + +*The site is intended as an informative resource: DRS in combination with GameStop shares and GameStop's official transfer agent Computershare.* + +*DRSGME is not claiming to represent anyone and exists to spread access to information about DRS such as FAQs, Q&As, and tutorials along with ancillary information about GMEs transformation.* + +*The GME transformation is directly relevant to DRS at large because it is the only company whose investor base is choosing to invest in this way in such a magnitude. As stated before, we do not believe that there is a division that needs to be healed.* + +*We are well aware that the larger our reach becomes, the larger the community becomes. In order to create the strongest informational resource, we would like the input of all investors, whether they invest in GME or other stocks and also whether they direct register or hold their shares in beneficiary ownership.* + +**20. The used search terms, price paid and overall strategy seem to be made by non professional people on internet marketing. How can we make sure money is not going down the drain?** + +*This is a repeat question (see question 12).* + +**21. With a project like this, taking apes money and saying you’ll use it to expand the word of drs, the expectations are REALLY high. Why does this campaign look so unpolished and all over the place? Why not open an own sub where to collaborate. Not only that, why act all defensive when people on the sub correct the grammar, when it’s the sub paying?** + +*This is a repeat question (see question 13).* + +**22. What type of marketers are you referring to exactly? Affiliate?** + +*This is a repeat question (see question 4).* + +**23. How many people are on this 'ad team'?** + +*We cannot give an exact number because our internal organization is fluid, where team members are welcome to chime in on multiple projects and contribute to open discussion. There are people in the team who have certain skills and use them when they a) have capacity for it and b) feel themselves up to the task.* + +*We encourage self-drive and self-confidence in the team, we don't put pressure on anyone as this project is already time consuming. Almost everyone in our team either has a full-time job or is a student. There are currently about 5-7 people working on the campaign.* + +**24. Are you involved with the design of the advertisements?** + +*There is no one person in the team who makes decisions alone. We work with the “four-eyes principle” and try to ensure that we always have quality control before publication.* + +*Unfortunately, in one or two cases this did not work out as we had imagined. We have learned from these mistakes, discussed them internally and will work to avoid them in the future.* + +**25. Are you involved with uploading the ads to any social media services?** + +*This question is aimed directly at me,* u/derhyperschlaue*. There are 4 people in the team who have access to Google and Meta advertising platforms. I was not involved personally in uploading them.* + +**26. Do you have the final say in all decisions of the organization?** + +*This question is aimed directly at me,* u/derhyperschlaue*. I am one of the initiators of this project and have the possibility to intervene in all the tools used. I do not see myself as a leader or boss but as a mediator and organizer. My job is to connect people to achieve the best for the project. In case of a catastrophic failure or something similar, I can intervene at any time.* + +**27. If an advertisement that is regarded as 'tasteless', 'in bad form', 'misleading' or 'dangerous' was published by either you or the drsgme.org team, what steps would you take to review the advertisement and remove it if necessary?** + +*Feedback is very important to us. Feedback is the only way to improve. That being said, we on the team believe in looking forward and maintaining internal review by our volunteer graphic designers and advertising professionals.* + +*However, we think it could be a great community engagement to poll the subreddits (either a DRSGME sub or Superstonk/GME sub) for favorite ad ideas in the future and we will provide details and ideas for that in the future.* + +*We are actively exploring if a DAO with governance tokens would address this and how to implement it. The research for this is still in early phases, expect a post just for this topic as it has to be done right.* + +**28. Is the team aware that, regardless of the blanket statement "this is not financial advice", that by advertising for the site and its process, that they actually are giving financial advice?** + +*It is not advice to say that a retail investor can only own stock by directly registering their shares. It is a fact.* + +**29. Therefore, if anything goes wrong, anywhere, is the entire team aware it can potentially be on the receiving end of lawsuits by other users?** + +*We are not convinced this is true.* + +**30. At what point do the operators of the site recognize that their actions are, intentionally or not, leading towards divisiveness?** + +*This is a repeat question (see question 15).* + +**31. Can you please elaborate on the geographic location of your core and extended team?** + +*We will not share location data of volunteers. We also do not collect location data of volunteers. We also do not track location data of volunteers. If it is in our possession it was volunteered by the contributors involved.* + +**32. Are any members of your team located in countries that are presently the subject of US sanctions?** + +*We do not see the relevance of the US government sanctions to the discussion here.* + +**33. There are a lot of things about anonymity I respect, but you guys are essentially running an organized campaign and it doesn't seem like there would be any way to hold anyone accountable. We pointed out the concerns over a guy fawkes mask in an ad. If any member of your group managed to get an ad posted that caused significant legal issues would your team be able to hold them accountable for their actions or would everyone on your team be seen as an accomplice?** + +*We had support from a lawyer at the beginning of the project. However, we will probably need further support and advice as the project progresses. We are grateful for any help, feel free to contact us if you are interested in volunteering your time and expertise. Thank you.* + +**34. Are any members of your team/organization under their country's legal age of adulthood?** + +*We do not gather personal data of our volunteers. Contributions are grounded in research and internal review. Individual articles are not attributed to specific writers and the site is a collaborative passion project.* + +**35. What kind of process is in place for quality control and fact checking of content?** + +*Since the project was published, we have already received over 180 emails via hi@drsgme.com, countless Reddit direct messages as well as comments under our posts, and - as of today - 337 submissions via the contact form embedded on the website.* + +*We work with the “four-eyes principle” and want to ensure that we always have a quality check before publication.* + +*Despite this flood of feedback, we take great pride in being able to respond to most every question in a reasonable amount of time. At this point we would like to point out again that GiveAShare.com approached us to thank us for the article "How to buy a share through GiveAShare", confirmed accuracy, and additionally asked us if they could forward inquiries from their customers about DRS to us (*[*https://www.reddit.com/r/Superstonk/comments/uw8g0n*](https://www.reddit.com/r/Superstonk/comments/uw8g0n/drsgmeorg_becomes_more_and_more_popular/)*).* + +**36. Who exactly are the intended target audiences of the ad campaign? Generic investors? or GME shareholders only? Follow up questions on 37 & 38.** + +*At the beginning of the project, we were very focused on GameStop. Over time, we realized that the DRS concept is not only useful for GME shares. We are not experts for other securities and other transfer agents. For this reason, we decided to focus on DRS in combination with GameStop shares.* + +*With our articles and contributions, we would like to ensure that retail investors inform and educate themselves. We are only information mediators and motivators.* + +*Through this focus on GameStop, we also aim to educate people who have heard of GameStop about what is currently happening. One of the biggest digital transformations. Who would have thought in 2020 that GameStop would soon be one of the most downloaded and highest rated crypto wallets in the Chrome Store? Who thought GameStop would be partnering with Web3 companies?* + +*Something big is happening here. We believe that retail investors, whether already invested in GME or not, should know about this transformation.* + +**37. If the intended audience is GME shareholders, kindly elaborate on what some of the ad-campaign messages such as "save your investment before the crash", "how much debt do you have", "wall street and corporations have corrupted the political process" intend to achieve?** + +*In the case of the GME investor who already is aware of these concerns through their exposure to the collective research of the investing community, it may help to instill a feeling of resolve or the urge to act.* + +*We do agree that these lines are sensationalist, and know that they may have been chosen to drive engagement. Sometimes the facts and numbers are dry.* + +**38. If the target audience is non-GME investors, then isn’t the team trying to promote and convince people to buy GME through the ads? Or does the team intend to educate non-GME investors on why they should DRS and how to DRS their non-GME shares?** + +*This was answered in response 36.* + +**39. Does your site provide an in-depth pros-and-cons analysis on shares being held in brokers vs shares being held in transfer agents? Especially since there is a huge difference in the range of services available to an investor with respect to the method of holding shares.** + +*Yes, and if it is not thorough enough, we would gladly look to expand it.* + +**40. Do you understand that by proclaiming the reasons for drsing such as "expose corruption" and "revolutionize wall Street", you are opening the door to possible economic collusion accusations?** + +*We disagree that this is the case, and if it is, that is the responsibility of the DRSGME team.* + +**41. Do you understand that one of the only ways MOASS could be stopped is if large scale collusion charges saw fruition?** + +*We don't agree. DRSGME.ORG is for educational purposes only.* + +**42. Shouldn't you be minimizing any narrative of a "group" or any reasons to buy besides liking the stock?** + +*We don't agree with this either. Gary Gensler has made clear social sentiment is not what is intended when discussion of collusion takes place.* + +*The DRSGME group is a small portion of the DRS group, which is a small portion of the GME group, which is a small portion of the broader market space.* + +**43. Why is "secure your investment" not enough of a reason?** + +*It is enough of a reason.* + +**44. Who was behind the marketing ad containing a person wearing an anon mask with a sign stating "how much debt are you in" ? (The Guy Fawkes Ad)** + +*We will never put individual team members in the foreground and thus make them a potential victim of insults, hate or other accusations.* + +**45. How was this advertisement (The Guy Fawkes Ad) drafted?** + +*We do not understand this question. If the question is about the creation process, then the answer is: "Just like all the other ads."* + +*Despite the danger of repeating ourselves here: We are aware that this motif in particular has been very controversial. Therefore, we have decided to withdraw and revise the campaign.* + +*Nevertheless, it is interesting that the motif with Guy Fawkes achieved one of the highest click-through rates. Polarizing ads get the biggest reach and engagement rates on social media like Facebook or on Instagram. For this reason, we had prioritized this type of imagery.* + +*As of today, $89.28 has been spent on the entire campaign on Facebook/Instagram. Only $22.86 was paid for the “The Guy Fawkes ad”.* + +**46. Who on the team checked it (The Guy Fawkes Ad) before release?** + +*We will never put individual team members in the foreground and thus make them a potential victim of insults, hate or other accusations.* + +*We use the “4-eyes-principle” to ensure the best results. In this case, this process resulted in an advertisement which was not well received and we will improve.* + +**47. How much money was spent on it(The Guy Fawkes Ad)?** + +*This was answered in response 45.* + +**48. Do you think your advertisements in their current form have a positive effect on people who are not familiar with the situation?** + +*It is too early to know. We can hope so. Again: We are aware that this motif in particular has been very controversial. Therefore, we have decided to withdraw and revise the campaign.* + +**49. Do you think that a website dedicated to get new investors onboard (and spending money to do so) for an investment the organizers of the website are invested in themselves could be seen as a ponzi scheme from the outside and do more good than harm?** + +*We assume you mean more harm than good. We do not agree that having another alternative resource for information about DRS would have a net negative effect. We welcome any party who is interested to spread the word in their own way.* + +**50. What is the relationship if any to, Urvin Finance and any other group under the same LLC?** + +*Admittedly, we don't understand why this question is being asked. In the AMA with Dave Lauer a few days ago (*[*https://www.reddit.com/r/Superstonk/comments/vob69v*](https://www.reddit.com/r/Superstonk/comments/vob69v/the_gazebo_just_posted_an_ama_wdave_lauer_talking/)*), Dave Lauer was asked by Brad if he knew DRSGME.ORG. Dave Lauer responded with "I've heard of it." That is the only known "connection" if you like.* + +It's perfectly normal for opinions to differ - in fact, that's a very good thing. Without the possibility to discuss and exchange with each other, we (not only DRSGME) would never develop. Before we managed to get these questions, we had to fight some pretty nasty insults and hate messages. We still get plenty of hate messages via email or in the comments. We condemn any form of hatred in the strongest possible terms. + +“Ape help ape” is our motto in this sub. So be nice to each other and ask your questions, give us your feedback or just post rockets and bananas emojis if you are happy. + +&#x200B; + +[DRSGME loves this community!](https://i.redd.it/tv42yjtibd991.gif) +Hi all, I have accrued a capital pot of around 15-20k, and I would like to invest 15k of this for around 70-100 years (sounds crazy, but bare with me), Coming from a working class family, I am determined to break the cycle and that my future generations, will be far wealthier in cash and opportunity than my family ever was! + +So after fiddling around with calculations, using the rudimentary rough figure of 8-10% per annum of growth (non inflation adjusted), in 50 years that 10k will be north of £1mil, but if we bump it up to 75 years it is north of £15mil, 100 years is around £100-200million. And 200 years (id love to know what people’s opinions on how to do this) it is over £2bn! + +So what is the best way of achieving this, how do I protect my investments legally for that length of time, and how do I protect them from a statistically likely divorce. Can I speak to a law/investment firm and have this put in place without any offspring at the moment? + +My social mobility ceiling may be the lower/established middle class, and so too may be my children, but the generations after that I want to have the opportunity to make a real difference! + +I’d love to know if anyone is thinking similarly, or has knowledge of how to ensure that this happens whilst being shielded from the statistically probable events that happen in life. + +Edit: Actually the 200 years at 10% is a mind boggling £2.8 Trillion +I drive an 05 focus with around 104k miles on the clock. Every few months it has something wrong with it. I’m having it looked at next week to figure out what it’ll cost but I’m getting fed up of the unreliability now. + +At what point would you people here just scrap it and get something newer? I’m seriously considering it, however I’m in the process of buying a house so money is tied up in that. The mortgage offer is in place so in theory I could now get a bank loan without affecting this. Just not sure if it’s wise at this point in time as fixing the car is almost definitely going to be cheaper in the short term. +With the Market sliding for 5 days straight, do we feel a low unemployment rate is priced in and everyone is expecting another 75 bp rate increase? + + I know bond markets aren't as volatile but in terms of hedging I'm thinking of shorting a 20 year ETF in case numbers come lower than expected +Credit to u/welp007 for forcing me to stumble upon this company when I realized they were the custodian for the "tokenized stock" + +https://www.reddit.com/r/Superstonk/comments/yv2phv/another_clue_from_234_days_ago_the_companies_that/ + +CM-Equity is likely a massive player in this whole situation and government likely aware. + +So CM-Equity a non public company was custodian for these and didn't report ownership (weird enough). Now let's actually dig into what they own to see if there's a pattern and...OH MY GOD. + +This company runs the IT and security infrastructure of the US. + +Companies they own + +A-Tek Inc. - Scientific and IT consulting for defense, law enforcement, life sciences and healthcare + +Janus Research Group - Combat capabilities and systems engineering solutions, Capability integrations and sustainment solutions, and mission and training solutions + +Citizant - Smarter leaner solutions for Federal transformation and modernization + +Solerity - mission to provide IT engineering and program management services to government agencies + +Theys also own Graco Roberts (solvents for aerospace engineering. + +The fact that the SAME company that was the custodial counterparty to GME tokenized security is also a massive government contractor who control IT infrastructure and security is a huge RED FLAG. + +Whatever's going on it's a good bet the gov knew about it when that custodial agreement was signed. + +Edit: This company did not always own the government in fact it started out as an insurance and investment company looking to acquire mid sized manufacturers + +https://web.archive.org/web/20000816220030/http://www.cmequity.com/Overview/Overview_Intro.htm + +Shift in organizational approach began around '08 when we told banks they were to big to fail. + +Edit 2: As pointed out CM Equity AG and CM Equity are two different companies however I believe they are linked and looking to prove it (need German help) + +Here is the current timeline of events for the two companies + +Early 2000s CM Equity formed as an insurance/investment company looking to buy mid level manufacturers. + +2008 - Great Recession large new reporting requirements/regulations placed on investment institutions + +2008 - CM Equity moves away from investment/insurance and manufacturing to focus on government IT security. (Becomes monopoly in around 10 years) + +2008 - CM Equity AG founded as investment/liquidity provider in Germany who was known for more lax requirements. Mutates into liquidity provider and crypto lender to banks. + +There's is also a lot of moving pieces with this especially since I just heard of them today. I know for a fact CM Equity AG is involved and I'm almost positive CM Equity is owned by the same people. +**Fair Warning: I am a large bag holder of TAU, and a long time well known community member. There are going to be some biases here because I think Lamden has incredible upside and is insanely undervalued in the current climate.** + +**-------------------------------------------------------------------------------------------------------------------** + +**WHERE TO BUY:** + +&#x200B; + +**ERC20 TAU (Not yet swapped to Mainnet):** + +**Uniswap:** [https://app.uniswap.org/#/swap?outputCurrency=0xc27a2f05fa577a83ba0fdb4c38443c0718356501](https://app.uniswap.org/#/swap?outputCurrency=0xc27a2f05fa577a83ba0fdb4c38443c0718356501) + +**Bilaxy:** [https://bilaxy.com/trade/TAU\_ETH](https://bilaxy.com/trade/TAU_ETH) + +&#x200B; + +**Mainnet TAU (Already swapped):** + +**TXBit:** [https://txbit.io/Trade/TAU/ETH](https://txbit.io/Trade/TAU/ETH) + +**--------------------------------------------------------------------------------------------------------------------** + +**Intro:** + +Now that most of the large and mid caps have had major pumps, a lot of that money is likely going to start flowing down into small and micro caps. Today I present to you Lamden (TAU), a blockchain platform flying completely under the radar that you'll want to spend some time researching. Lamden is a brand new blockchain written completely from scratch in Python with a strong focus on ease of development. This is an ICO project from early 2018 that has done things the right way, including securing years of runway during a bear market where other projects spent most of their money marketing and then dying out. Lamden has been preparing for this bullrun for a long time, ready to strike when the time was right. Mainnet was finally launched after about 2.5 years of ongoing development on September 16th, 2020. Since then, they've been slowly but steadily gaining the attention of developers and now things are starting to materialize. There's cool dApps and websites popping up all over the place now, many of which I'll link down below for you to check out. + +So, why is Lamden a good investment? Here's an example comparison of some other blockchain marketcap valuations at the time of this writing: + +Elrond: $3.3 billion + +Solana: $2 billion + +Zilliqa: $1 billion + +Lamden: $7 million + +The upside potential on Lamden is absolutely insane if you look at it from a risk / reward perspective. Ask yourself, why are Elrond, Solana, and Zilliqa worth over $1 billion and Lamden is only $7 million? Because nobody knows about Lamden, but they will soon. Elrond, Solana And Zilliqa have all had massive pumps and Lamden hasn't pumped at all. + +&#x200B; + +**Some quick facts about the Lamden blockchain:** + +10,000+ Transactions Per Second + +The transactions are lightning fast and nearly instant. Think Raiblocks / Nano but WITH smart contracts. You really have to try it yourself to see how fast it is, it's impressive. + +If you join us in telegram and mention that you came from r/CryptoMoonShots I'm more than happy to use our brand new telegram tipping bot to tip you some free mainnet TAU out of my own pocket so that you can try out the dApps for yourself and see how blazing fast the network is! Please join us! [t.me/lamdenchat](https://t.me/lamdenchat) and mention @twistedspine I've got some TAU waiting for you. + +Has its own smart contracting language in Python called Contracting + +Wallet has a built in IDE for coding and deploying smart contracts to the network, although any Python IDE will work just fine + +Developers who create dApps currently receive 90% of the transaction fees generated. So if you build a dApp on Lamden, you're greatly rewarded. It's not only easy to build on Lamden, it's very profitable. + +There is also an infinite ongoing bounty, where you can receive $400 ($200 cash, $200 in TAU) for creating a dApp for the network. Many people have already successfully collected this bounty. For more information please visit here: + +[https://www.reddit.com/r/lamden/comments/l8nesr/the\_lamden\_infinite\_bounty\_is\_here\_build/](https://www.reddit.com/r/lamden/comments/l8nesr/the_lamden_infinite_bounty_is_here_build/) + +**It's important to understand: You can program your dApp in any language you want. It's the smart contract that interacts with the blockchain that is written in python. Then you can code the front end in whatever you want. There's already a Javascript library, a Unity plugin, and more coming soon.** + +&#x200B; + +**There is a lot of exciting stuff in the pipeline, but here I have highlighted the two most important dApps coming:** + +**RocketSwap** \- A community built DEX AMM with an innovative token model. This is going to blow the doors open and make Lamden easily attainable for everyone, as currently it's very limited on exchanges and availability. + +Some unique details on RSWP, Rocketswap's native token which will have a fair launch: + +1. Users get it by yield farming +2. The token is used to pay discounted fees on the DEX AMM +3. Once all RSWP is farmed it has a variable deflation mechanism +4. It also functions as a DAO token + +The finishing touches are being put on RocketSwap as we speak. I'd ballpark it's somewhere in the neighborhood of 2-4 weeks out, with the ETH bridge allowing cross-chain swaps coming shortly after. The focus of the project is on ecosystem development, so we'll also be reaching out to other unique projects and working to create a bridge to Lamden, optimizing for TVL on the network. + +&#x200B; + +**Underground Warriors** \- Underground Warriors is a PLAY-TO-EARN PVP style game where you can trade your NFT characters, level them up, fight against friends or opponents to gain rewards, develop a unique strategy, collect pets, characters and more! + +Website: [www.undergroundwarriors.io](https://www.undergroundwarriors.io) + +A blog on why Underground Warriors chose Lamden over other blockchain platforms (an important read): + +[https://undergroundwarriors.medium.com/undergroundwarriors-d524a095b6db](https://undergroundwarriors.medium.com/undergroundwarriors-d524a095b6db) + +If you've heard of Block Duelers, both BD and UW were created by community members of Lamden (Garrett and Diego, respectively.) Block Duelers is launching on ETH and is likely to be ported to Lamden later down the line, but Underground Warriors is launching exclusively on Lamden. Read the above blog to understand why. Diego is an absolute beast of a developer, and this game is massively under the radar! This is one you really should look out for! The website is excellent and lets you connect the Lamden Wallet for purchasing the pre-sale which is almost complete. + +&#x200B; + +There are some rumors in the community that [yearn.finance](https://yearn.finance) (YFI) is being ported over to Lamden. Can't confirm or deny, but I share this to point out that there's a LOT of stuff being quietly developed under the radar, many of which we don't know about until they are released. We have brand new people randomly popping up and dropping dApps all the time, so there's definitely steady growth happening. + +&#x200B; + +**Here's a brand new site for developers, please check out this documentation if you want to build on Lamden! It's designed to make learning to build on Lamden very easy:** + +[https://developers.lamden.io](https://developers.lamden.io) + +&#x200B; + +**Download the official Lamden Wallet here (Chrome Extension):** + +[https://chrome.google.com/webstore/detail/lamden-wallet-browser-ext/fhfffofbcgbjjojdnpcfompojdjjhdim](https://chrome.google.com/webstore/detail/lamden-wallet-browser-ext/fhfffofbcgbjjojdnpcfompojdjjhdim) + +**Please Note: The official Lamden Wallet only holds Mainnet TAU, so PLEASE DO NOT SEND ERC20 to the Official Wallet! Store ERC20 TAU in an ETH wallet like Metamask until you are ready to swap. We don't want anyone losing tokens, so please be careful.** + +&#x200B; + +**Awesome dApps to check out that are already live! (these all require the Lamden Wallet chrome extension):** + +**Lamden Paint** \- Paint on a large mural directly on the blockchain: + +[https://paint.uselamden.com/](https://paint.uselamden.com/) + +**Soccer Lamdenship** \- A fun soccer game where you kick goals vs a goalie: + +[https://soccer-lamdenship.io/](https://soccer-lamdenship.io/) + +**Blacktau** \- A game of blackjack that runs entirely on-chain: + +[https://blacktau.io](https://www.blacktau.io) + +Soccer Lamdenship and Blacktau were both created by one of our developers and community members Diego, who is currently building the game Underground Warriors which looks incredible and is going to take full advantage of the Lamden blockchain features. + +&#x200B; + +**Other Important Links:** + +&#x200B; + +**TauHQ** (list of all dApps currently on the blockchain): + +[www.tauhq.com](https://www.tauhq.com) + +&#x200B; + +**UseLamden** \- A site with useful links including an Offline Paper Wallet generator: + +[https://uselamden.com/](https://uselamden.com/) + +&#x200B; + +**Telegram chats**: + +**Official**: [t.me/lamdenchat](https://t.me/LamdenChat) + +**Traders of the Tau**: [t.me/Tradetau](https://t.me/Tradetau) + +**The LamDegen Lounge**: [t.me/TheLamdenLounge](https://t.me/TheLamdenLounge) + +All the memes and uncensored chat goes in The LamDegen Lounge \^ + +&#x200B; + +**Discord (Link never expires)**: + +[https://discord.gg/SkwstQ2](https://discord.gg/SkwstQ2) + +&#x200B; + +**Reddit**: + +[www.reddit.com/r/lamden](https://www.reddit.com/r/lamden) + +&#x200B; + +**Latest Roadmap**: + +[https://blog.lamden.io/the-2021-lamden-roadmap-d0ef0d84450a](https://blog.lamden.io/the-2021-lamden-roadmap-d0ef0d84450a) + +**Latest Weekly Write-Up**: + +[https://www.reddit.com/r/lamden/comments/ld0g68/a\_new\_website\_and\_ledger\_soon\_lamden\_weekly/](https://www.reddit.com/r/lamden/comments/ld0g68/a_new_website_and_ledger_soon_lamden_weekly/) + +&#x200B; + +**Thank you SO MUCH if you've read this far! Join us on telegram and come collect your free TAU and take our wallet and dApps for a spin, you won't be disappointed!** + +**In my opinion it is only a matter of when, not if this moons. Thanks for your time!** +🗣 Sprely Token 💻 | The OnlyFans of the BSC | 💎Real Usecase with doxxed Developers | App is already Up | 🚀 Easy Moonshot 💎 + + +👑 What is Sprely Token ? 🌕 + + +Sprely.com is an adult-friendly content creator marketplace(similar to Onlyfans) and social media site. Sprely.com makesit easy for users to connect with like-minded peers and content creators, and to participate in candid discussion groups.Users can connect with content creators to access a wide variety of private services. The Sprely Token encourages content creators to switch to Sprely.com's content marketplace because it charges a minimal fee, much less than industry standard. + + +OnlyFans takes 20% of content creators' net profit and the onus of chargebacks is on the creator. In comparison, Sprely.com charges a 3% fee with no chargebacks. + + +Content creators that switch to Sprely.com will bring their existing followers, who will then populate the social media network. + + +🚀 MIND-BLOWING FACTS 🚀 + + +4 day old - Utility APP already live. + + +Bsc token address: 0xdfd2be112198f31b1d4d160028a4e7dc5a653baa + + +Here’s the 50 min kick off video with founders and Maggie the creator: + +https://sprely.com/kick-off-zoom-call/ + + +✅ What’s this tokens utility? ✅ + + +$SPRELY is a decentralized and yield generating token built to serve the adult content creator space starting with Sprely.com + + +💥 Tokenomics 💬 + + +- No Dev-Wallets + + +- 10% of sprely token supply held back for sprely bank + + +Phase 1 : + +13% tax + +Redistribution to holders 3% + + +Phase 2 : + +3 % tax + + +Redistribution to holders 1% + + +💥 IMPORTANT LINKS 💥 + + +💻 App : https://sprely.com + + +📈 Website : https://sprelycoin.com + + +💬 TG : https://t.me/sprelytoken + + +🐦 Twitter : @Sprelytoken + + +👍 Devs Doxxed : https://www.linkedin.com/feed/update/urn:li:activity:6849434099233488896/ +Apparently, the German banks wanted to correct their mistake as quickly as possible, but they fell flat on their face by doing it. + +In any case, I have my shares back and some of my fellow Apes too. + +This shows that the banks gives a shit on its customers and quietly and secretly do with other people's investments what they want. As I know the German Apes, our BaFin has received enough reports, but as I know the BaFin nothing will happen. + +I think a DRS wave will come from Germany cause of this "Glitch" +Figured I'd make this post because of the recent BTC price action. If you're solely focusing on crypto, then you're most likely missing the forest for the trees. It's not just crypto that's tanking. Let me repeat: **it's not just crypto that's tanking**. Everything is tanking. And I do mean **everything**. + +* Stocks are now officially in a [bear market](https://www.investor.gov/introduction-investing/investing-basics/glossary/bear-market) with no bottom in sight as it falls below the 20% [threshold](https://www.google.com/finance/quote/.INX:INDEXSP?window=YTD). +* High yield investment grade bonds are [collapsing](https://www.google.com/finance/quote/HYG:NYSEARCA?window=YTD), also with no end in sight. (Yes, 15% is a collapse in bond terms). +* Even safe assets like 7-10 year treasuries are [sinking](https://www.google.com/finance/quote/IEF:NASDAQ?window=YTD) as well. My bond bros can back me up. A 12% drop in a **fixed** income ETF? That's really, really bad. +* National currencies like the [Yen](https://www.ifcmarkets.com/en/market-data/personal-instrument-pci-prices/jpy-index) aren't safe either. +* Real estate and gold are the last legs to fall. Why are they last? Liquidity. Gold doesn't move very often and real estate tends to lag other assets due to its lengthier acquisition process. But we're already seeing signs that [real estate](https://www.google.com/finance/quote/VNQ:NYSEARCA?window=YTD) is going to tank. + +The **only** safe place to be is cold hard [United States Dollar](https://www.marketwatch.com/investing/index/dxy). **Cash** is going to be **king** for the foreseeable future and I don't anticipate that changing anytime soon. So if you're living outside America, I feel sorry for you, I really do. I have no advice other than try to get more $USD. For those in the States, here's what you should be doing going forward: + +* **Don't** over leverage. That means don't borrow money, don't mortgage your house, and don't max out your credit cards if you can help it. +* **Do** cut spending and save as much cash as possible. +* **Don't** buy the dip. It's not a dip, it's a falling knife. +* **Do** re-evaluation your allocation. I've put 10% of my net worth into crypto and it's now sitting at 5%. I don't plan on re-allocating back to 10% because I was clearly over-exposed. I'm going to camp at 5% and see what happens next. I'll be moving the other 5% into cash. +* **Don't** panic sell. The time for selling has long passed. You lost that opportunity when BTC was at $40k. Now you fucking HODL. +* **Do** stay the course. Whatever your investment strategy was, make sure to re-assess and keep investing. Slowly and deliberately. +* **Don't** try to time the market. You can't. If you didn't sell at the top, then you sure as shit aren't buying at the bottom. +* **Do** diversify going forward. There is no such thing as a "guarantee" in investing and there is no one "true" asset. Otherwise, we'd all be holding that one asset. All investments have risks of going to 0, never think otherwise. +* **Don't** beat yourself up. The bears are out in the woods today for a picnic and they'll be relentlessly mocking you. Every bear will suddenly be an expert who "saw all this coming" and they'll say that you were a fool to invest in "tulip bulbs". Unless those bears actually made money from this crash, they're just shit talking cowards. + +There's more pain to come, folks. Much more. We're nowhere near max pain, so don't get brave yet. Bitcoin is an asset like any other. Don't fall in love with it, don't feel emotional about it. If it's keeping you up at night, maybe consider trimming it. Thanks for listening to my Ted Talk. +I'm 50 years old and trying to decide if I should max out my employer's 401k or save for a house downpayment. + +My situation is: + +* Zero in investments +* Have $15,000 of cash on hand (emergency fund) +* Nothing on the credit cards +* One car payment +* Need to replace second car due to cost to repair will be more than value so will soon have a second payment +* We rent my father’s (in his late 70s) townhouse which will become ours upon his passing +* Have a young child with special needs +* Single income as my spouse takes care of our child + +We would like a house as we would like a yard/space for our child. + +My employer will match 5% with immediate vesting. + +Would it make sense to max out the 401k and slowly build a house downpayment? + +Should we prioritize on saving a house downpayment and only do 5% in the 401k? Then once we buy a house to focus on max'ing the 401k? + +My thoughts is to maximize the 401k as the stock market has been performing well and I'm more concerned about building a retirement fund. + +Thanks for the advice. +OK, so I'm new-ish to investing and I know I'm not meant to check values each day and I know it's a long term investment (I'm looking at 10-12 years) but seeing my pension and ISA diminish by the day is just a little unnerving. Any reassuring words from you wise UKPersonalFinancers? +WTF is wrong with you? Do you not know what the efficient markets hypothesis is? Delete your portfolio, nephew. + +Market crashes are supposed to be catastrophic. Shocking. UNEXPECTED. + +If it is expected, it is already priced in. + +The meth-ed out cashier at my local McDonalds has known that tapering is coming soon for months now. PRICED IN. + +There will be corrections in some valuations, yes. I'm not saying that all valuations are reasonable right now. But why would the whole fucking thing crash? Literally everyone wants to buy the dip. PRICED IN. + +You think the market will crash because 14k Reddit geniuses upvoted a post about the market crashing? PRICED IN. + +You're telling me you wouldn't go all in on FAANG/FAAMG/FAGMAN if they dipped 20% tomorrow? (For the CLOVtards in the audience, 20% is the minimum dip required for a market correction). I would fucking jizz all up in my brand new Lululemon ABC Slim-Fit Joggers if I could buy Google at $2200 or Apple at $120. + +Nobody is smarter than the market. Especially you. + +Pull your head out of your ass. Fucking embarrassing. + +My advice to you is this: stfu. + +Rant over. I will now go back to waiting in vain for Playboi Carti to drop a motherfucking album + +TLDR: If everybody's calling for a market crash, it won't crash. Simple as. + +(Also, [this post](https://www.reddit.com/r/wallstreetbets/comments/oldlx6/the_market_wont_crash_any_time_soon_because_the/) from a couple months ago is still relevant you little bitch) +I work for an educational nonprofit and I asked for and got a $5000 raise! + +I prepared for this by compiling a list of my accomplishments and having data to back up my claims, and then asking for it! + +My boss had already prepared a 10% raise ($4,000), but gladly gave me the extra $1,000 when I asked, saying that he wants committed passionate people to stay here and feel appreciated. + +I live in the PNW so I still don’t make a lot of money for the area, but with strict budgeting and my child free stance, I can now save for emergencies and retirement!! + +Edit: I now make $45k after asking for a raise, and I’m stoked about the financial implications! +I am a covid-furloughed hospitality worker and it if weren't for the hand-on education I'm getting from trading and the collective wisdom — including the harder bag holding lessons — of this group, I'd still be depressed and unable to get out of bed before 11am. + +Some time in April, I took one unenjoyment check and opened a RH account. Went from $800->$2400 (thank you, GNUS!) and back down to 1/2 of that when I tried to go into OTCs / TDA. + +ATM, back up to 200% return on the initial investment, and still getting lessons every day. + +Some of you are teaching me. Some of you are just cracking me up. Either way ... thank you! + +(yeah, I know it's Tuesday, k?) +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +*gobble gobble'n up those shares* 🎃🦃 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🎁 [Very GMErry Holidays returns for more cheer!](https://www.reddit.com/r/Superstonk/comments/ylyszu/very_gmerry_holidays_returns_for_more_cheer_wont/) + +>Superstonk held a toy drive for Toys for Tots (TFT) last year and we raised over $103,000 in money and toys! +> +>We even had a way for Apes to shop GameStop.com and ship it directly to a TFT site that was super close to a GameStop distribution center in Grapevine, TX. +> +>We had a huge positive impact! And we’re doing it again. + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Here is the 8-K for the votes: [https://news.gamestop.com/node/18956/html](https://news.gamestop.com/node/18956/html) + +If we confirmed that the number of votes is equal to the amount of stock the public could hold at that time, then there should be non concern in the theory that GME has experienced heavy naked shorting. Is there a reason we have not more closely examined this or that it has been forgotten about? It seems to be a remarkably significant piece of evidence that fuckery has occured. + +Does anyone else have an 8-K of a proxy vote performed by other companies where 100% of the shares were not voted on? Would be interesting to compare. + +Edit: Please take a look at the comments. It appears I misunderstood. +I like to day trade options and I currently practicing paper-trading on SPY options but my issue is selling too early. I would make some profit but then would sell too early and make like 30% profit on the trade vs 100%+ if I just let it run. What are your techniques and indicators that make you stay on the trade for higher rewards?And if you made the same mistakes, what are your solutions that made you overcome this hurdle? +The [ongoing Phase 3 trial](https://clinicaltrials.gov/ct2/show/NCT04504734) for bucillamine to treat mild/moderate cases of COVID-19 has plotted forward mostly unnoticed. By my estimation, we have a 60% chance of having a compelling case to submit our own EUA application at the 800 patient interim analysis, and an 80% chance of showing a significant difference for bucillamine compared to placebo by the end of the overall study at 1000 patients. As of writing, there are now 45 clinics involved in the study, and enrollments have been going much faster as a result. At the moment we haven’t had an official press release in a while, so it seems they are getting down to the wire, as was communicated in the [most recent management interview](https://www.youtube.com/watch?v=ECIUaKKWp0A). + +A lot has happened in the past 10 months since my [original post](https://www.reddit.com/r/pennystocks/comments/kn4ah2/revive_therapeutics_rvvtf_bucillamine_likelihood/). We passed two of the four interim analyses that each ran a futility analysis, and concluded the study should continue. Revive Therapeutics [signed an MoU](https://www.proactiveinvestors.com/companies/news/951701/revive-therapeutics-partners-with-india-based-specialty-pharma-supriya-lifescience-to-advance-bucillamine-to-treat-coronavirus-951701.html) with Supriya Lifesciences so that they could become a commercialization hub for the 78 countries they currently supply. Our Korean manufacturer of bucillamine [passed the company to his son](http://www.newsway.co.kr/news/view?ud=2021070118225478945), explicitly stating that the upcoming Phase 3 results factored into the decision. Senator Tammy Baldwin [visited Revive's U.S. partner](https://www.prnewswire.com/news-releases/us-sen-tammy-baldwin-visits-attwill-medical-solutions-301303420.html), Attwill Medical. All the while, my understanding of COVID and bucillamine has been evolving with the (mostly) humble community researching all the mechanisms. In my [recent interview](https://youtu.be/enjhDTV_lhc) with u/TheDalesReport_, I forgot to mention that the most obvious sign that COVID should be thought of as a vascular disease is the [increased risk of stroke](https://jnis.bmj.com/content/13/3/202). + +As a repurposed drug, bucillamine is well-positioned to be the most affordable pill to treat mild to moderate cases of COVID. There have been many attempts to quantify the size of the opportunity. In summary, we are looking at a minimum of $1-$2 billion dollars of value creation, with a real potential for much more as the story around Emergency Use Authorization develops. With their [willingness to investigate psychedelics](https://www.prnewswire.com/news-releases/psychedelic-drugs-could-potentially-treat-impending-post-lockdown-mental-health-epidemic-301068964.html) and interest in solutions for the COVID pandemic, Johnson and Johnson is the most likely candidate to enter a licensing agreement with Revive. However, even if Revive is faced with a situation to sell bucillamine without a large pharmaceutical company, they have the partnerships and a lobbyist to make that happen. A lot of the finer details will come down to the data and statistical significance of bucillamine's effect. + +The market does not seem to understand how close we are to proving what is potentially a breakthrough therapy for the greatest pandemic of our lifetime, valuing Revive Therapeutics at a mere $100-$150 million. We know from Merck's value jumping $20 billion on the news of their EUA submission for high-risk patients, that the market generally understands that a more vaccinated world does not remove the need for a second line of defense. So we are left with the conclusion that the market does not think a small company has the drug to address COVID. My investment thesis is a rebuttal of that asleep-at-the-wheel mentality and best broken into three parts. + +# The mistake of Big Pharma + +After the success of vaccines, the next holy grail of the COVID pandemic was [widely considered to be an easy oral pill](https://www.statnews.com/2021/04/09/scientists-work-toward-an-elusive-dream-a-simple-pill-to-treat-covid-19/) to take after a positive diagnosis. Some of the leadership at the NIH and the media referred to this concept as a "Tamiflu for COVID". In [his request](https://reut.rs/3xmlqet), Dr. Fauci never specifically said the pill had to block viral replication, but clearly, the managers at Pfizer and Merck made the decision rather than asking their scientists what the best approach for a COVID pill was. They both went for a Tamiflu-like antiviral pill, which we know from the failure of Remdesivir, [is not good enough](https://www.nytimes.com/2020/10/15/health/coronavirus-remdesivir-who.html) for the whole population, but [does seem to work](https://www.pharmacytimes.com/view/study-remdesivir-significantly-reduces-risk-of-hospitalization-in-high-risk-patients-with-covid-19) for bringing *high-risk* patients back to a normal risk profile. Now, [Pfizer](https://www.clinicaltrials.gov/ct2/show/NCT05047601) and [Merck](https://clinicaltrials.gov/ct2/show/NCT04939428) are looking at late December 2021, and April 2022 as the soonest opportunity to try for an Emergency Use Authorization (EUA) that covers everyone, not just those at higher risk, via their prophylaxis trials. This mistake gives Revive Therapeutics enough time to wrap up their Phase 3 trial and submit for EUA, even if we see some delays from the current published estimates. + +# The science of bucillamine + +For a virus to replicate, it needs to find a doorway into a living cell to heist the machinery to make more viruses. COVID chose a door marked "Employees Only", called the ACE2 receptor. By occupying this receptor, the virus blocks the "employee" Angiotensin-Converting Enzyme 2 (ACE2). ACE2 plays a key role in managing blood pressure and inflammation, so when it can't do its job, you get a lot of inflammation and spikes in blood pressure that throw off the rest of your body. Most of the damage that happens with COVID is because inflammation is no longer being managed, so you get a build-up of Reactive Oxygen Species (ROS), which turns the water in your blood into hydrogen peroxide H₂O₂. It's [bad enough](https://www.poison.org/articles/hydrogen-peroxide) if you swallow hydrogen peroxide. Letting H₂O₂ circulate in your blood is a terrible idea. Bucillamine directly deals with this situation by [broadly signaling](https://www.nature.com/articles/emm2014112) for cells to protect themselves, and by [generating a lot of the protective compound glutathione](https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1527-3466.2003.tb00107.x) (16-fold more powerful than N-Acetylcysteine). None of the antivirals for COVID do anything to directly resolve the ROS problem. Instead, the antiviral approach focuses on preventing viral replication in the hopes that your body will figure out the rest. + +Bucillamine doesn't stop at resolving the inflammatory nature of the disease. By a total fluke of chemistry, it happens to [disable the ACE2 receptor-binding area](https://www.ncbi.nlm.nih.gov/labs/pmc/articles/PMC7743076/) on the COVID spike protein. The physical nature of the reaction has a lot to do with the two thiol groups on the drug (literally just sulfur and hydrogen atoms sticking off the ends of bucillamine). As long as a thiol group gets close the COVID spike protein, it swaps out the hydrogen for another sulfur, [messing up the shape](https://www.nature.com/articles/s41598-017-07501-4/figures/1) of nature's carefully evolved claws. All that's needed is for bucillamine to get close to the virus. Serendipitously, as soon as bucillamine hits the bloodstream, a lot of it [quickly goes into red blood cells](https://onlinelibrary.wiley.com/doi/epdf/10.1111/j.1527-3466.2003.tb00107.x). COVID, acting like a vascular disease, [enters red blood cells](https://chemrxiv.org/engage/api-gateway/chemrxiv/assets/orp/resource/item/612f7de466deddefe3012016/original/covid-19-invades-erythrocytes-through-plasmodium-falciparum-antigen-and-complement-like-system.pdf) to get circulated around the body. As the spike proteins get disabled on the journey, the virus would exit the red blood cell a harmless ball of protein. Not only unable to infect new cells, but also unable to block ACE2 from doing its job. + +I didn't come to this understanding alone. Thank you u/fredsnacking, u/_nicktendo_64, and u/Bana-how for bringing up important points, asking great questions, and participating in the process of cumulative knowledge. + +# The early days of Walmart + +Investors in the U.S. are especially prone to the misconception that "bigger is always better". While there is no doubt that larger companies have certain competitive advantages of scale, that doesn't mean big companies are necessarily [addressing the needs of the market](https://www.fool.com/investing/2018/10/16/now-bankrupt-sears-was-once-the-amazon-and-walmart.aspx). By not offering truly affordable medicine, the pharmaceutical industry is currently making the same mistake Sears made in its heydays. + +As a Canadian company, and as a drug repurposing operation, Revive Therapeutics is perfectly positioned to leverage its shorter pathways to market into reasonably affordable medicine for patients. Part of the equation is that Revive is open to a whole class of molecules the big players are scared to touch, despite promising [signs of efficacy](https://revivethera.com/2021/03/revive-therapeutics-announces-successful-research-results-for-psilocybin-to-treat-traumatic-brain-injury-and-filing-of-international-patent-application/). A quirk of the clinical trial arena is that when you pick the most effective drugs, it takes less time, effort, and money to prove they work. + +Revive can follow Walmart's model, and focus its efforts on operating at a competitive advantage in the areas where it has partnerships that provide local connections in their respective regions of the U.S. (Attwill), Canada (Revive itself), South Korea (Kyungdong), India, and parts of the EU (Supriya). As long as they don't try to take on the whole world all at once, Revive could profitably sell bucillamine cheaper than competitor pills and retain a significant segment of the therapeutic market. +As per title really, makes the service a little more compelling to those considering it. + +For those with arrangements already in place, you will also benefit from the reduction. +I've been investing long enough to know that emotions should be kept out. But even i have been guilty of constantly re-checking my super balance over the last few months. No changes made at all though. + +I just realised something very simple today. + +Using Hostplus Balanced, which i am 'fortunate' enough to be part of; + +- Unit price was $2.52 on the 22nd Feb 2020. +- Now it is $2.13. 15.5% drop. (Yuck.) +- But it was $2.13 in January 2019. + +How was i feeling in January 2019, after a massive bull run for a decade? Pretty bloody good. + +So we've basically just had a year off. It sucks - but that will hopefully be an annoying blip in 30 years time when I'm looking back. + +Note - this post is about mindset change and acceptance. Not Hostplus or super choice options specifically. + +I also realise this might be obvious to many of you - but i think it only just now sunk in for me after looking at the numbers. +Hi All + +Longtime lurker first time poster just wanting to share my thoughts on why my allocation to VAS is 0% amd why i think yours should be too! I know this sub is heavily on the passive side of the passive vs active debate so to try and stop an echo chamber being formed i thoight it would be good to do a little write up for the active camp! Here goes: + +1) Diversification? + +You might not know it but most of the time the ASX300 is 20-25% the big 4 banks. With that high an allocation to 4 companies part of an oligopoly you are taking on a fair amount of stock specific risk. At a secor level about half the ASX300 is made up of resoruces and financial stocks so you have very little sector diversification as your portfolio is highly exposed to the risk factors that face the resources and financials sector I.E your portfolio is overly exposed to commodity prices, chinese commodit demand, inflation, interest rates, banking regulation and yes the proprty market (Given most banks loan books are stacked witg residential property collateral). + +2) 100% Equity 100% Of The Time + +VAS is 100% invested in equites 100% of the time. So even in the worst market conditions you are still 100% invested and expericning 100% of the bear market. Why not employ even a simple overlay like a 200 day SMA and sell when the index moves below the moving average I.E sell when the market trends down. We know the stock prices exhibt a momentuem effect (Hundreds of studies) so why not take advantage of this market anaomly and stay long when the going is good and limit your drawdown when thinga get rough. Not to mention this strategy would also limit drawdowns substabtaily meaning you can eliminate the prospect of asymetric returns dragging on your long term performance I.E eliminate the chance that the GFC happens and you lose 50% which means you now need 100% gain to get back even. + +3) Go All In On Fraking Credits + +Like most people i am "overweight Australia". Whilst the ASX represents something like 2% of the global sharemarket it makes up more like 25% of my portfolio and there is one very good reason - Franking credits. No where else in the world other than aus (And i think maybe NZ) do you get such a substantial tax advantage by having a company pay out its earnings to you as a dividends. Im not going to delve too deeply into franking credits and why they are amazeing but clearly it represents a huge advantage to the australian investor - So why not take advantage of that edge. Overweight the Australian part of your portfolio to income stocks paying a fully franked dividend and take advantage. VAS does this almost accidently to some extent but its a clear edge that you as an australian investor has so why not exploit it as much as possible! Dont waste your time looking for capital growth in AUS take the income and reap the rewards! + +I've got a bunch more i could write but im on the train now and i think 3 points is a good place to wrap it up - Feel free to (try and) tear me apary on the comments. + +Edit - Sorry for all the spelling errors my phone doesnt have auto correct +Hi all. My wife and I are looking at getting our first home (Wont be serious for months though). Currently just casually scrolling real estate websites, i'm looking a lot at sold properties to get an idea of what prices are realistic vs the BS they have as the advertised price. Some of the content on here suggests that a lot of sold properties are actually hidden from these lists though. Just wondering whether I'm getting an inaccurate perception of prices by doing what I am doing if a significant amount is hidden. Also, is it possible to see the listings for sold properties even if the prices aren't available? + + +(Also if someone had a link to a resource for an idiots guide to buying your first home, I'd appreciate it) +I've been investing long enough to know that emotions should be kept out. But even i have been guilty of constantly re-checking my super balance over the last few months. No changes made at all though. + +I just realised something very simple today. + +Using Hostplus Balanced, which i am 'fortunate' enough to be part of; + +- Unit price was $2.52 on the 22nd Feb 2020. +- Now it is $2.13. 15.5% drop. (Yuck.) +- But it was $2.13 in January 2019. + +How was i feeling in January 2019, after a massive bull run for a decade? Pretty bloody good. + +So we've basically just had a year off. It sucks - but that will hopefully be an annoying blip in 30 years time when I'm looking back. + +Note - this post is about mindset change and acceptance. Not Hostplus or super choice options specifically. + +I also realise this might be obvious to many of you - but i think it only just now sunk in for me after looking at the numbers. +Excuse the vulgar title but I am beyond hacked off with HSBC. I've never had to jump through so many hoops just to send money from an account, into another account, which is also in my name (albeit at a different bank). + +Firstly, you have to validate your account using a Digital Security number. Fine, fair enough - except this involves having to download their app - no way around this far as I can tell. Once you've downloaded the app, you then have to verify your identity to get in, involving a small array of passwords, secure numbers, memorable words and human sacrifices under moonlight. You then enter the Digital Security number provided on the website through online banking, and at last, you have completed step one. + +For the process of actually sending money, you set up your payment as standard. Then you have to validate that you are indeed planning to send money. This again involves mandatory use of the app. You now have to get yet another temporary identifying numbers (which times out after 30 seconds), phone up HSBC, give them the number, at which point you have another number to key into the app so that your transfer can be approved. + +This would usually be where the (tedious, but perhaps understandable) story ends. But not here! + +If you're especially lucky, you will then, the next day, receive a cold call from a random 0845 number claiming to be HSBC's fraud department, where the unknown chap on the end of the phone will demand your memorable words, address and date of birth, while providing no identifying information himself, or giving any indication that he is genuine. Should you hesitate, question, or otherwise displease this chap, as you might well do due to the above concerns, even if you do provide all the required information, he might decide to lock your account (despite telling you that the payment would now go through). + +You can then look forward to spending half an hour on hold to HSBC, before being told that your account has been locked due to an 'unsatisfactory' anti-fraud process and you need to attend in branch with your passport to fix it. + +In summary - screw HSBC. + +edit: I'd like to be able to say that the money I'm trying to send myself is necessary to allow my cancer-stricken kid, who was also hit by a bus, a chance at life-saving treatment, and now because I didn't get it by the end of the day, he will now die. + +It's actually for a big fuck-off fancy bed I'm buying myself. + +But it could've been. + +So fuck 'em. +I genuinely think that a DRS caused MOASS is coming alot sooner specifically just after lock the free float. + +Let me explain... + +So we have our free float which is about 34 million shares. We are confirmed to be pretty much 50% of the way there if we project from our previous earning reports DRS numbers. + +So let's imagine in the next 4 months we all go 100% DRS and we lock that free float faster than ever. There is still another 35 million (or so) shares to lock up which are held by: + +Insiders +ETFs +Institutions + +Okay, but what happens if retail just keeps going. Keeps DRSing even after it's proven the free float has been eaten up. What if we get to 40 million shares in the next earnings? Those extra lended/synthetic shares we have gobbled up will cause MASSIVE problems for the institutions because now they are left naked, having to buy back those DRS'd shares which basically exposes those who are fucking with GME. + +The moment we start eating into the shares outside of that free float REAL problems are going to start for the powers that be. + +Just the rantings and speculation of a complete retard so obviously don't take this as fact. + +If it isn't clear. DRS. + +EDIT: Got my first ever Reddit sui*ide watch safeguard message because of this post. The honour is all mine. +S.35 of the Finance Act (2012) (https://www.legislation.gov.uk/ukpga/2012/14/section/35) amended the Taxation of Chargeable Gains Act (1992) so that gains made on withdrawals from foreign bank accounts are not liable to capital gains tax with effect from 6 April 2012. In the process, the requirement (s.252 of the TCGA (1992)) https://www.legislation.gov.uk/ukpga/1992/12/section/252 that the foreign bank account(s) must represent currency acquired by the holder for personal expenditure outside the United Kingdom, was also removed. + +Edit 1: To avoid pointless disagreements here are the definitions I'm using: a money is a store of value (doesn't have to be a commodity, sorry Mises/Schiff, perfectly acceptable to be volatile); unit of account (can be used to denominate prices even if not in wide use) and medium of exchange (has a clearing system, in BTC's case, built-in). + +A currency is a money that is 'current'; in other words is acceptable for a wide range of use cases. I would say that any money that must be accepted as legal tender (the widest use case) deserves to be called currency even if it's used by a minority of citizens. A country can have more than one currency and more than one legal tender. + +Legal tender is narrowly defined as what courts will accept in discharge of a debt. Citizens don't have to accept legal tender BUT Section 7 of the El Salvadorean bill specifically says that creditors must accept BTC, which makes it much closer to a currency than a legal curiosity. + +It's quite clear that it is intended for BTC to be a currency and impossible to argue why BTC is not a currency in El Salvador although the dollar is, since there are no practical differences in operation. + +HMRC's position stands on one leg - which is that BTC is not a money or currency. Simply repeating that statement over and over doesn't mean it's true or it won't ever change. +I’m making money on an idea but wondering when to get out of the trade. It’s a play on the U.S. Dollar strength. Here’s the logic of the levelfields newsletter I subscribe to:  + +“Across the pond, the energy crisis in Europe, caused by the war in Ukraine, is driving the U.S. dollar to its strongest position in 20 years against the Euro. As the U.S. economy continues to outperform other economies globally, buying the dollar index ETF, UUP, can provide upside to investors as the dollar rises in value.” + +The Fed is hiking interest rates quickly and U.S. currency is becoming stronger as inflation is being addressed. The dollar also tends to do well during US recessions. + + +I’ve never invested in currencies before. The UUP ETF tracks the dollar and is easy to trade. UUP has been in an upward trend since the year began - pissed I didn’t know about this one. + +I bought calls at a strike price of $30 (ATM) with a Jan 2023 expiration date for 70 cents after I heard about it in early September.  The price is now $1.45.  I sold some calls at $1.20 (+71%) and left a majority of calls to ride, which are up 150%.  + +&#x200B; + +https://preview.redd.it/hqcs3f64gqq91.png?width=968&format=png&auto=webp&s=4b6d77630e012b0b801f033f5d1b8b3301868f90 + +I’m trying to figure out how much further the dollar can go but don’t have a good compass for that. Looking back at 2008, the dollar seemed to have peaked right at the peak crash.  + +I think we are pretty close to peak crash after a 9 month selloff - maybe there’s some to go but feels like there’s more to the upside than downside. I’m thinking of buying a bunch more and getting out when the remaining calls hit 200% gain.  + +Thoughts? +Just some perspective for my fellow apes. + +It's easy to get caught up in the 1-day charts, checking the ticker every 10 minutes (like i do), witnessing the short attacks, but it's important to remember ourselves doing the same just a week ago. We were operating at the ~$150-$170 range then, only dreaming of what lies above these walls. Now we've crossed them, easily smashed them to pieces at next to no volume still and are laughing at their pathetic panicked attempts of quelling this unstoppable force. Them throwing literally HUNDREDS of MILLIONS of dollars to bring the price down a **measly $40**, or **-13%**, instead of the bloodbath that was March. + +The plan never changes: HODL. It's all but amusing to watch them squirm. + +oh, by the way - not financial advice. I'm sleep deprived and literally eating rainbow 🌈 crayons 🖍 as my main source of sustenance + +^(obligatory 🚀🚀🚀🚀🚀🚀) +Just some perspective for my fellow apes. + +It's easy to get caught up in the 1-day charts, checking the ticker every 10 minutes (like i do), witnessing the short attacks, but it's important to remember ourselves doing the same just a week ago. We were operating at the ~$150-$170 range then, only dreaming of what lies above these walls. Now we've crossed them, easily smashed them to pieces at next to no volume still and are laughing at their pathetic panicked attempts of quelling this unstoppable force. Them throwing literally HUNDREDS of MILLIONS of dollars to bring the price down a **measly $40**, or **-13%**, instead of the bloodbath that was March. + +The plan never changes: HODL. It's all but amusing to watch them squirm. + +oh, by the way - not financial advice. I'm sleep deprived and literally eating rainbow 🌈 crayons 🖍 as my main source of sustenance + +^(obligatory 🚀🚀🚀🚀🚀🚀) +How old were you? If there was one, what was the defining moment? + +How long did you spend creating your plan? Who did you consult, if anyone? + +Did a potential partner factor into your thinking? If so, how? +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. + messed up big time. I sent this address 800 bitcoin: + +113MmkyjjH6zS9VMvbwrhBNoMe6upzdvNC + +https://blockchain.info/address/113MmkyjjH6zS9VMvbwrhBNoMe6upzdvNC + +I had previously sent this address 300 bitcoin a year ago, and for the life of me I cannot remember what that was! + +Any and all help appreciated. + +Edit: Definitely a Mt Gox account so I'm trying to get a hold of them. As this was clearly an accident and not a deposit I would appreciate my errantly sent bitcoins back. + +Many thanks to /u/throwaway43572 + +Thanks for your understanding everyone, hopefully bitcoin can learn from my mistake. + +Apple accepting bitcoin.... hell ya! +I'm gonna lay it down in simple terms, and let you guys bicker about it. Probably won't respond either, because I simply don't care. + +1. Speeeeeeed. Extremely fast transactions with the consensus protocol +2. ICO's... This + speed = major threat to Ethereum, as far as ICO's are concerned. Most people don't even know that Stellar will be blooming with ICO's this year, such as Mobius, SureRemit, and KIN. And this is just the beginning. +3. Mobius Smart Contract Platform. If this is a successful ICO, then this is a major threat to Ethereum. Stellar doesn't suffer from network congestion, after all. +4. Inflation. Ripple is deflationary by nature. This explains itself. +5. Half the circulating supply of Ripple: ... ripple is currently overvalued, and anyone who doesn't think so is naive. Imagine what Stellar's price would be with the same market cap as Ripple. +6. Support from IBM, Pundi X, and ATM's already in development. Need I say more? + +Stellar is gonna blow up this year. If you're not invested, get on board. It combines a Store of Value (Bitcoin) with a Smart Contracts platform (Mobius vs Ethereum), very fast transaction speeds, and support from major developers. Just because they haven't marketed and hyped the shit out of the coin doesn't mean it's a bad buy. And this isn't even mentioning the ability to host decentralized exchanges. + +Don't be an idiot. Sure, this is a shill post. But the writing is on the fucking wall. If you're ignoring it, that's your problem. + My 401K is with Voya. I currently have 100% of my portfolio in VTSAX. If I think we're about to see a major "market correction," is there a way for me to liquidate & put the proceeds in a settlement fund until I am ready to buy back in? I looked on my account online and didn't see an obvious way to do this. Can anyone advise? +Can you please say a quick prayer for me that my unemployment comes through as I am the bread winner for a family of 5. Thank you in advance. May your blessings come back 10 fold +To be fair, they all hold GME, but it's interesting that the general public are waking up to it all.. Merry Christmas everyone 🙂 Buy, HODL, DRS, Book em! 🚀🚀🚀 +A multi billion dollar bank will charge a struggling single mother 30$ for running out of money. + +Your bank says you can afford to pay 1500$ per month in rent but not a 800$ per month mortgage. + +Scalable smart contract protocols within Ethereum and Cardano fix that problem. + +Your bank says 4-5 business days, sometimes thousands in fees and regulatory registration for international wire transfers. + +Distributed ledger real-time gross settlement systems like XRP on Ripple Net say 4-5 seconds, 0.000001$ fee (hard limit) and limited regulatory interference. + +Your bank says diversify your investments with a shiny rock of which the supply is unknown and will become obsolete with commercial space industry. + +Bitcoin says 21,000,000 to exist for eternity. No more, no less. + +Your bank has been giving you 0.05% interest on your savings for so long they have you convinced a 1.25% bonus rate is generous. Inflation burns your money faster than you can deposit it. + +Decentralized wallets eliminate greed from the equation with yield farming: 3-10% APY stablecoin (USD pegged token), 5-25% APY Large Cap (BTC, ETH, BNB), 10-100% APY altcoin and up to 10,000% APY on new project launches. + +If you apply to a bank for a business loan but don't have a plan to compete, they deny your loan. + +What plan do the banks have to compete? +PRPL guy fucks up and now you retards want to hang him. This is why we only get pumpers who write "DD" with a bunch of colored rockets. + +It's no one's fault but your own. Investing in a mattress company? what a joke. The real money is in corn. +This thread will be stickied until **January 3rd - which is also the deadline** for comment on the new FinCEN rules & regulations. + +Dear r/Bitcoin + +[I’m Blowing the Horn](https://youtu.be/7lwJOxN_gXc?t=219) + +The regulators are here, and they want to make things more difficult for the ecosystem. Make no mistake, the new proposed FinCEN rules are insignificant in the grand scheme of things. But that doesn’t mean we shouldn’t give them Hell for trying to sneak in some last minute shenanigans, at the 11th hour, of an outgoing administration, during Christmas. (A cowardly act, no matter your political affiliation). + +This subreddit has more than 1,840,000 subscribers, many of whom are lawful American citizens, voters, taxpayers & Bitcoin enthusiasts. + +So make some noise, but be respectful and professional if and when you do. + +Be sure to let them know that [it's not worth risking Republican control of the Senate](https://twitter.com/F_D_KB/status/1342211429542277121) over [Mnuchin's personal vendetta against Bitcoin](https://youtu.be/B1zA3vNsiQQ?t=136). + +EDIT: Important Note if you are having trouble submitting a comment: https://twitter.com/jchervinsky/status/1343954408699277312 + +EDIT2: **It is best to submit Original comments, that are not copy and pasted templates. It appears that duplicate template submissions are being submitted, but are not being counted in terms of the numbers. And numbers matter. Please submit original comments with original titles or heavily modified templates.** + +EDIT3: Be advised, [the scope of this fight has expanded](https://www.reddit.com/r/Bitcoin/comments/ko9fu5/fincen_wants_us_citizens_to_disclose_offshore/) and will likely extend into Yellen's term: https://twitter.com/jchervinsky/status/1344736899236151296 + +At the time of posting this thread there have been 284 comments made. Lets get that to 2100. + +(589 comments made as of Dec 25th) + +(665 comments made as of Dec 27th) + +(750 comments made as of Dec 28th) + +(771 comments made as of Dec 29th) + +(817 comments made as of Dec 30th) + +(1996 comments made as of Dec 31st) + +(3257 comments made as of Jan 1st 2021) + +(3647 comments made as of Jan 3rd 2021) + +(5633 comments made as of Jan 4th 2021) + +(6537 comments made as of Jan 4th 2021) + +This thread will help host information & options for community members to make their voices heard on these new draconian rules. If you have any ideas on this action, please leave a comment. I’ll try to update it with more options and information as they become available. + +**Some good background on this:** + +Everyone Should read this one: +https://twitter.com/jchervinsky/status/1340135040399904770 + +More Background: https://twitter.com/BlockchainAssn/status/1340061588448022530 + +**The Proposed FinCEN rules & regulations:** + +https://public-inspection.federalregister.gov/2020-28437.pdf + +**Make Your Voice Heard, Comment on the New Rules:** + +Instructions of How To Leave a Pre-Written Comment: + +https://twitter.com/jchervinsky/status/1342905775501488136 + +https://www.stopfinancialsurveillance.org/ + + +Press the “comment Now!” button at the top right to leave a comment, keep it professional: + +https://www.regulations.gov/document?D=FINCEN_FRDOC_0001-0121 + + +Comments Can also be Submitted here: + +https://www.federalregister.gov/public-inspection/2020-28437/requirements-for-certain-transactions-involving-convertible-virtual-currency-or-digital-assets + +Letter Template to Send Mnuchin Your Thoughts, Keep it Professional Please: + +https://coincenter.good.do/fincen/fincen-email/ + +You can also submit your Feedback to: Policy Division, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN-2020-0020 RIN number 1506-AB47 + +AND: Kenneth A. Blanco Director Financial Crimes Enforcement Network via https://www.fincen.gov/contact + +[Rumor is](https://youtu.be/6DyuKaaMOVM), the Office of Management and Budget has the final say on these FinCEN rules, so be sure to submit a copy of your comments there too: + +https://www.whitehouse.gov/omb/ + +https://twitter.com/RussVought45 + + +**Closing Thoughts and Strategy:** + + +It's probably more important to [leave a comment on the actual proposed rules](https://www.federalregister.gov/public-inspection/2020-28437/requirements-for-certain-transactions-involving-convertible-virtual-currency-or-digital-assets), then to [send Mnuchin a letter](https://coincenter.good.do/fincen/fincen-email/) he won't read. But both are encouraged. In addition, [the Office of Management and Budget](https://www.whitehouse.gov/omb/) angle might be the best place to target. Please submit your comments respectfully and professionally to as many of the available avenues for comment and feedback as possible. But do not spam or be disrespectful in your conduct. Please also contact your local senator and congressman for wider effect. + +Merry Christmas and Happy Holidays Everyone. +I don't understand why a new employer should have access and/or need to know my spending habits. I show and exhibit good faith and character, hence the reason I was offered the job, but I just did a background check, and they want to see my credit score. That doesn't make any sense. + +Edit: Job has nothing to do with financials. Job is middle-level corporate job. Nothing to do with insurance or anything relative to that. + +Edit 2: I should note, I was offered the job already. They gave me the call Monday. It would be very outlandish to rescind an offer if my credit score was bad, but my score is fine. In other words, I don't find it by any means warranted where I need to explain my money situation to a complete stranger, nonetheless, for a job that has no financial tie whatsoever. To me, that screams lawsuit. + +Edit 3: Just got an email from them regarding my background check in which I had to call because there was a delay in processing. Turns out that because I've lived in more than 1 state, the response on everything is taking longer than expected. In my eyes, it feels like this is a "red flag" from the email and sense of how this is all being conducted. I have nothing to hide, but it feels outright weird and invasive that all of this is going down just for a mid-level corporate job. If this were a upper-level position that required a security clearance, or financial handling, I wouldn't think twice, but because of all of this, it leaves a very bad taste in my mouth. +I get that people still have a lot of liquidity and want to buy in. +But a few months ago this questions was asked and people commented about how they were waiting on the sidelines to buy in. + +But with even worse economic new coming from the EU, uncertainty with the war, continued inflation and pressure on the consumer and the idea that the market may stagnate out of this impending crash. + +Atleast to me it feels like the conversation changed from “ I’m waiting to buy in when it get better” to “ I’m down 30%” “ it’s going to get a lot worse” + +Just in general less conversation and excitement toward sustained price decreases. + +Are we finally seeing the general consensus turn towards fear and not greed? +I was following the 10Q release and earnings call this week, and I have to admit I left the call feeling confused and a bit demoralized. Not questioning the DD, or my choices, at all, just feeling kind of deflated. + +Then y'all immediately set about re-jacking my tits with memes, DD, analysis, and basically a comprehensive explanation of what the hedgefucks did, within hours. This community feels invincible, and I just had to send out some appreciation. + +We are on the right side of history and I pity anyone still trying to prop up the disgustingly corrupt legacy system, now in its death throes. + +Love you all 💜💜💜 +Context- I'm a pre sneeze Jan/21 ape, drs'd, and I'm pretty up to date on the fuckery lately, but I had a real world situation yesterday that has me hoping I'm imagining this. + +I'm an artist, and I was selling art at a Horror con yesterday. A horror con, in October, after the event had been delayed through summer. A LOT of people were looking forward to this, should have been easy to make money, right? Well, all the vendors started feeling through the day that we were more packed with customers than we'd ever been, but no ones sales were reflecting that. Quite the opposite, actually. People would make all the little indicators that they would buy stuff- in my case, items under ten dollars i literally cant keep on my table at almost every event I go to- and then just put it down and walk away. I barely cleared my table fee, after 10 hours of sales of spooky things to goth people. + +It was confusing and frustrating, especially finding out most of the vendors felt that way. Personally, I needed this event to be good for paying bills reasons, so it was a hard day yesterday. + +After getting home and unloading, I had a horrifying epiphany that overlaid all of our DD and suspicions in here about just HOW fucked and how bad its gonna get for people, like I dont know if you guys understand- goth people not going ham on affordable Halloween shit is like, unheard of. Maybe it was just a bad day, maybe I'm projecting.... And its probably nothing, but.... + +DRS is the way, mayo boy can keep chugging on this hivemind locomotive cock, dont fucking dance, and apes strong together +The Winklevoss twins have done a lot for bitcoin. They could have easily sat around with their millions of dollars and did nothing - but they took an enormous risk in investing in bitcoin, going public with their ideas, and spending the last many years building successful bitcoin businesses to help the ecosystem. + +Not only that - the Winklevoss appear to be very professional as brand ambassadors to bitcoin in their discussions with news media and I'm sure that comes transfers across to regulators as they take every available financial effort to try for a bitcoin ETF. + +We are all indebted to the Winklevoss Twins for pushing BTC forward. + +No matter what happends this week - Thanks TWINS! +I thought I'd put this post here since the guys at r/stocks and r/investing are probably too scared to give actual advice (they'll say "no, your family adds value to your life"), but I know there are upsides to this. + +So here's my plan: I have two daughters, and a connection I have in the Bulgarian mafia says they'd go for about $5k each. With that $10k and the $17k I have in savings, I'd have enough to avoid the SEC's day-trading restriction. I've been using a stock market simulator app for the past week and am confident I can average 20% returns per month. So over one year: (1.20 ^ 12) x 25,000 = $222,902. Then I can buy my children back and, even after the government takes taxes out of my gains, still have plenty of capital to continue growing my money exponentially. + +I haven't talked about this with my wife yet, but I'm sure she'll agree that just one year as a sex slave is a small price for our daughters to pay to make our family incredibly wealthy. Can this work? +I'm always reading posts about how to repair credit etc, but what about people with really good credit? + +If someone has a 750 or even 850, what can they do that's so much better than those with lower credit scores? + +What comes to mind for me is: + +*Lower interest rates on loans + +What else is there? +I'm losing my father unexpectedly and quickly to terminal illness. It's awful. He took me to meet with his finance person last week and I found out that there's a lot more coming to me than I ever anticipated. It's already in the hands of a respected financial advisor firm that are going to help me out whenever I lose him. I'm very overwhelmed because I've never had to worry about more than mid 5 figures per year and a very modest savings and 401k. This is a lot more than I've ever had to keep up with. + +I'm shutting up and not saying anything to anybody. But there are some family members that definitely know I'll be inheriting some things. I'm nervous on how to handle it and my father told me outright that he doesn't want me to cave to anyone that would ever ask me for any money after he's gone. he specifically named my mom and his brother. I feel the added pressure of his request, and I want to honor it. + +It also feels like a huge secret to hold onto and I hate having to keep secrets. My family also has bad spending habits and I live pretty modestly. I'd like to just keep the money invested and have it to help my own retirement down the road, and maybe give some of it to my own kids one day. +Crypto currency and bitcoin specifically is a game changer though we still are in the early phases of adoption. Transaction fees really aren't that much, especially when the transaction queue's aren't kept artificially high. As more people start to use bitcoin, this will stabilize. + +Regardless though, I am just trying to show perspective. When you say that bitcoin transaction fees are too much, consider what merchants have to pay for credit card fees and the potential loss from chargebacks. And let's also think about cash usage. Just because a business accepts cash doesn't mean that they don't also incur additional costs such as armored trucks, security systems, etc that they need to use as a precautionary measure for security. + +Bitcoin would alleviate so many of those costs and give businesses more security over time. As Bitcoin continues to evolve such as Lightning we can expect to see faster and cheaper transaction times. + +Don't buy in to that Bitcoin is a terrible currency. As a matter of fact, it is a brilliant one and as time goes on, it will become more efficient and resilient. + +* Tesla: $2+ Billion in BTC and announced they're purchasing more. Just announced Tesla can be bought with BTC. +* Elon Musk, Tesla CEO: Believes BTC is better than fiat and is protecting his own wealth with BTC. +* Jack Dorsey, Twitter CEO: Believes BTC will become currency of the internet. +* Michael Saylor, MicroStrategy CEO: Believes BTC is the best hard asset in human history. +* Michael Novogratz, billionaire: 30% of his wealth in 'cryptocurrencies'. +* Winklevoss Twins, billionaires: held BTC through 2017 spike and 'crash' and still holding today. +* Barry Silbert, net worth $500m: Hodls BTC. +* Many more billionaires who I can't be bothered googling. + +Do you think they're panic selling right now or still holding like do they with every other asset they own? +I'm a first time homeowner. Let's assume that my home needs work. New roof. Pipe leak. AC gone. The list goes on. Now we need to hire a contractor or skilled labor to fix the issue(s) of the home. + +Based on your experience with contractors what are some things I should and shouldn't do when working with contractors? + +What are things that contractors might say, which upon hearing the first time, should make me run for the hills? + +Any advice is immensely appreciated. + +Edit: I'm reading each reply carefully. Every advice you've given is absolutely invaluable. I hope that other people can use this post for assistance with future contracting jobs. The reason I asked this question is because I do see constant news segments on the news about unfinished work, contractor scams, contractors that don't show up, etc. I don't want to end up on the news. Thank you for taking time out of your day to share your experiences and advice! +A couple PT cuts and they've dropped quite substantially in December. If you're bullish or long on AAPL like I am, this might be time to grab a basket and go apple picking. Thoughts? +Also, at what age do you plan to fire? + +Full time, I’m a state government investigator. I investigate doctors and nurses for things like drug diversion, malpractice, and application fraud. $60k/yr. + +For a side hustle, I’m an on-call police officer (weekends only) for about 1-2 shifts a month for the department I previously worked at full time. $4k/yr. + +My wife is a licensed practicing counselor (therapist). $65k/yr. + +For her side hustle she does online therapy which pulls in another $3-4k/yr. + +Edit: my wife works in a community clinic for now, but she may open her own private practice in 6-10 years which would push her to $100k-150k. +https://www.theinformation.com/articles/infighting-busywork-missed-warnings-how-uber-wasted-2-5-billion-on-self-driving-cars + +After five years and an investment of around $2.5 billion, Uber’s effort to build a self-driving car has produced this: a car that can’t drive more than half a mile without encountering a problem. “The car doesn’t drive well” and “struggles with simple routes and simple maneuvers,” said a manager in the unit, in a 1,500-word email sent three weeks ago to Uber CEO Dara Khosrowshahi, warning of the issues. + +The self-driving–car unit “has simply failed to evolve and produce meaningful progress in so long that something has to be said before a disaster befalls us,” said the manager in the email, which The Information has seen. The manager—whose identity The Information confirmed—reflects a common belief across Uber that the unit, known as the Advanced Technologies Group, is destined to lose the high-stakes race to its rivals, which have demonstrated a lot more headway, comparatively speaking. + +The ride-hail giant’s Advance Technologies Group has been beset by infighting and setbacks, the Information reports, leading to fears that rivals like Alphabet-owned Waymo and Apple’s self-driving tech may soon leave it in the dust. + +Despite the team first beginning its research in 2015, Uber’s self-driving car “doesn’t drive well” and “struggles with simple routines and simple maneuvers,” a manager in the unit told CEO Dara Khosrowshahi, the report said. + +“The talent is still here to get this job done, but the belief is waning,” he said. + +The manager raised the alarm because the arm of the company “has simply failed to evolve and produce meaningful progress in so long that something has to be said before a disaster befalls us,” according to The Information. + +Teams within the group have competing philosophies, according to the report, with members who were recruited from aerospace or the government focused on safety above all, while engineers feel that progress is moving too slowly in the wake of a 2018 accident which saw a pedestrian killed by a self-driving Uber in Arizona. + +The engineers feel that Uber “overcorrected” following the accident, and “want to go back to the… fatality days,” one member of the team told the Information. + +Uber has been adamant about its public commitment to safety with its self-driving cars. + +SEE ALSO + +Self-driving Uber kills pedestrian +“We aren’t just building software and throwing it on the road and seeing how it works. Everything we make has to have rigor around it in verification [of the software’s safety],” Eric Meyhofer, chief of the self-driving unit, told the Information. “That can cause frustrations, and I see that too.” + +Jon Thomason, who last week revealed he was leaving Uber after three years as the head of software engineering for the autonomous team in favor of a CTO position at AI company Brain Corp., said in his farewell letter that the team was increasingly “bogged down in many layers of things that are not real work, and most insidiously, activities that don’t even lead to real work.” + +Employees within the unit are reportedly skeptical of the ability of Khosrowshahi — the former CEO of Expedia — to hold the unit accountable. + +Former CTO Thuam Pham, who quit in April, told the publication that over the past two years he “periodically raised concerns” about how much progress was being made by the unit. + +“I just don’t understand why, from all observable measures, this thing isn’t making progress,” he said. “How come there hasn’t been accountability or transparency.” + +Khosrowshahi declined to comment on the report, but Meyhofer defended the executive, calling him “more than proficient” in his understanding of Uber’s self-driving goals, and adding that he “definitely has the chops to evaluate our milestones or our progress toward our milestones or to help in articulating what milestones to think about or how he’d like to see us describe our progress,” he said. + +Meyhofer said that the self-driving unit, which last year got a $1 billion investment from a Toyota-led fund, would likely raise funds from outside investors, as profitability is still years away. + +“Since we took the first investment money, that began the journey of us being thoughtful about how to go the distance,” he said. “We expect to have more partnerships.” + +Shares of Uber were up 3.7 percent Monday morning after a British judge granted it an 18-month taxi license to continue operating in London, one of its biggest markets. +What a FK'in Travesty. Decentralization is here because of people like him. Just how +why MeToo Rallies exist in the first place. Because of people like Harvey Weinstein. + +Big Corporate centralized information hoarding, censoring conglomerates like Twitter, Facebook, YouTube that hold monopolies on their area as to why they can do stuff like this without worrying about people leaving to another because of *herd complacency biases* , and active suppression of any competing apps. + +So having Jack Dorsey speaking at a BTC conference is one of the worst choices. + + How about a Hacker like Gummo that stresses privacy speak and explain all the ways why decentralization is important. Like letting everyone know their iPhones aren't safe form viruses despite what lying Apple says. + +Or American law professor , and free software activist Eben Moglen who inspired the creation of the first Decentralized Social Network, Diaspora? + +I can think of many credible better candidates and this tells me one thing. Either Jack Paid to get himself in or someone is stupid. + +Jack Dorsey is not gonna use decentralization the way it should be. There's no way he's gonna give up his fortune to push for a decentralized network that isn't freelancing your information. He will figure out how to use it In a Centralized way, and hide behind the word Decentralized. Yeah. I don't trust the guy. + + +The problem with centralization is you have to trust God knows how many people with access to your information that they are keeping it safe, secure, and won't be suspect to be used for any Mal Intent. + +But we can't. So really FK this guy. +My mother filed her Taxes and it stated that she owed $75 but she just received a letter in the mail saying she now owes $1400 in Taxes. My mother has been retired since 2020 and only lives off a pension, she gets $1000 a month. In the letter they are saying she made more money than she did when I know for a fact my mother has no other source of income outside of her children giving her money on a continuous bases. + +Unsure on what to do because they are expecting payment and we are afraid they may take her pension money. Should we hire a tax professional? I read something about filing an amendment. Anyone have any guidance? +Was thinking of something lately that might seem a bit stupid at first lol. The idea is to long and short the same pair and put for example a 40 pip TP and 20 pip SL on both. I thought it would work best in areas of consolidation. I posted it here maybe someone has thought about it before or uses some kind of similar strategy and might help me amend it to maybe make it work. Thanks! +YOU GUYS HAVE BEEN VERY HELPFUL! Thanks for the answers :D + +Hey GUys im new to forex and I want to succeed, How much can I realistically make with 30k risking 2% of my account with a 1:2 maybe 1:3 avg trade per month. + +I know lambo status will take 4-5 years with a big enough capital to trade with, but I really just want to be able to make anywhere from 3-5k a month off trading. I see many people doing 5k a day with 100k accounts... can I believe them? + +&#x200B; + +I see people saying things like 40 percent a year is incredible, which seems kinda low. + +ALSO is ftmo real? from your personal experience, let me know. + +EDIT: the point is I'm scared and I'm seriously doubting my abilities, i flipped a 50k into 100k (i know, not realistic and stupid) and then i decided to take it seriously with a demo and stick to my plan, journal and my rules, made 12k In two weeks off a 50k account. I'm debating if I'm good enough to give ftmo(10k account $150) a try or maybe do a 1-2 k live money account +My take is that USD will strengthen as the uncertainty will lead to investors selling equities for USD. That together with the tightening USD supply, and increasing yield for T bills will lead to people selling their base currencies for USD further strengthening it. + +What are your thoughts? +Im sick of seeing traders selling courses based on historical charts! + +Does anyone have videos of actual successful traders calling out trades or entering trades in real time? + +Any idiot can spot trades on historic chart! +Just a few questions for anyone who scalps for a living. + +How did you get started? What size positions do you take? What do you look for and how many pips a day do you go for? + +If you transitioned from a full time job to forex for a living g, are you happy with your decision? + +Thanks in advance 🙂 Love the community and love hearing from people who are in the market and their experiences ? +What do you guys do outside of your trading hours or outside of market hours to improve as a trader? + +I backtest every day and have a backtesting journal which goes back for months of data with different pairs that I trade. + +Obviously the best way to improve is to gain market experience and just practice your strategy which is what I do, but outside of my trading hours what can I be doing apart from backtesting to improve as a trader? +Hi Forex traders, I'm looking to get into some part time trading, but I cant even figure out where to start, there are so many different videos, courses, and gimmicks. +I am seeking a verified active trader, with a few years experience, who would be willing to answer some questions and help me figure out if this is really where I want to be. I would love to take you out to lunch / dinner if you're in central Indiana area, or if not PM discussion would be great also. + +Hope to hear from you soon! +1. Check The Economic Calendar And Don't Trade Any Pairs That Have High Impact News Coming Up. + +2. Buy After A Bounce From A Support Level That Was Previously A Resistance Level In An Uptrend. + +3. Sell After A Bounce From A Resistance Level That Was Previously A Support Level In A Downtrend. + +5. Buy At The First Bullish Candle From A Support Level In An Uptrend. + +6. Sell At The First Bearish Candle From A Resistance Level In A Downtrend. + +7. Open Two Positions, Both With A Stop Loss And Only One With A Take Profit. + +8. Set A Pending Order With A Stop Loss And No Take Profit At 50% of the Entry Candle To Get In At A Better Price. + +9. Risk 0.33% Per Position (For Both Initial Positions And The Pending Order). + +10. Set The Stop Loss At The Most Recent Low In An Uptrend. + +11. Set The Stop Loss At The Most Recent High In A Downtrend. + +12. Set The Take Profit At A 1:1 Risk To Reward Ratio. + +13. After The Take Profit Is Hit, Move The Stop Loss Of The Other Trades To The Entry Point. + +14. Trail The Stop Loss Of The Other Two Trades At The Most Recent Higher Low After Price Has Broken The Most Recent Higher High In An Uptrend. + +15. Trail The Stop Loss Of The Other Two Trades At The Most Recent Lower High After Price Has Broken The Most Recent Lower Low In A Downtrend. + +Uptrend: Price Is Making Higher Highs And Higher Lows. + +Downtrend: Price Is Making Lower Highs And Lower Lows. + +Uptrend Reversal: Price Breaks A Previous Higher Low. + +Downtrend Reversal: Price Breaks A Previous Lower High. + +Example Of An Entry In An Uptrend: [https://www.tradingview.com/x/t11DuITl/](https://www.tradingview.com/x/t11DuITl/) + +Example Of An Entry In A Downtrend: [https://www.tradingview.com/x/qml859BV/](https://www.tradingview.com/x/qml859BV/) + +Example Of Trailing A Stop In An Uptrend: [https://www.tradingview.com/x/97n7RilR/](https://www.tradingview.com/x/97n7RilR/) + +Example Of Trailing A Stop In A Downtrend: [https://www.tradingview.com/x/rjuwUQII/](https://www.tradingview.com/x/rjuwUQII/) + +Example Of An Uptrend Reversal: [https://www.tradingview.com/x/kSwPhEnr/](https://www.tradingview.com/x/kSwPhEnr/) + +Example Of A Downtrend Reversal: [https://www.tradingview.com/x/KVeCBYJz/](https://www.tradingview.com/x/KVeCBYJz/) + +&#x200B; + +Should I include anything else? I want to be as clear as possible so I can prevent any emotions. +Hi /r/forex, + +It may seems like the normal post asking for some type of strategy...etc. + +But it´s not. + +I´ve been studying, testing, searching and backtesting for 6 months now. I started my way into trading with Stocks, got introduced by a friend working for IG, and introduced myself into this world with "How to daytrade for a living" by Andrew Aziz, didn´t like how it looked and after a month of researching, Options market got my attention, but after hours of podcasts, charts and books, I understood that the capital to be able to start a journey there was more than I was able to afford. + +Since I work in a 9 to 5 job, Forex got my attention, first because of the schedule of the markets and then also because I could easily start whenever I felt ready to trade with my own money (Spoiler : Still didn´t do that, and there is still a long way to go until I do it). + +I´ve been spending 4 hours daily in front of the PC studying and trying to understand the market, what will fit myself and my personality best in terms of strategies, risk management and overall style of how to face this journey. + +After a while, I realized that I may need someone to guide me, not a mentor, not a signal provider not a guru, just someone that I can chat with and ask doubts about everything related with this world, someone that is down to show me if I´m doing things right or wrong. + +I don´t ask for your strategy or nothing related to it, I would love to get someone with who I can speak on a normal basis about my ideas and what he/she thinks about them. + +I´m still on my way to find my way, but my parents tought me smth, whenever you do something either do it or don´t it. Not middle terms, not half effort. + +And I´m decided to take it all the way trough, don´t know where I will get, but I´m sure that it won´t be for the lack of effort and passion. + +&#x200B; + +Thank you for making it until here, + +Stay safe out there and healthy, + +81. +Got 3 trades today on London session. + +1 on EJ - Loss. After reexamined the position I realized what I did wrong, that the confirmation is weak. - 0.71% + +1 on GJ - Loss. Took a risky short position, the top wick of next candle touched the stop loss before going down, you know how that felt. Add -1.03% + +1 on GJ - Loss. After the previous loss, the price went up, then down hard passing my previous entry, and I FOMO. EF O EM O. Too volatile, the price went up again before went down. As the drawdown scared me, I close on loss. -0.75%. + +Overall down -2.5% with commissions, wiped my profit since last week. I only able to get 2.7% since last week. Suddenly I want to puke. Never in this position before. Should I just puke? +Hi folks, hope you’re well. I’d like to just ask the swing traders in this subreddit. For any swing trader that’s been consistently profitable for at least a year or longer, I’m just wondering if you ever go through a period of, say, two or three months where you don’t make a profit due to either a losing streak or maybe that the conditions aren’t yet favorable to your trading strategy. + +My question centers around whether it is normal for a swing trader to have this dip in their performance. Any insights regarding this will be greatly appreciated (thanks in advance, good people). + +Peace +hi guys.. i’m actually 17 about to turn 18 in a few months, for about 6 months now i have been putting in hours and days learning forex trading and everything in between. when i’m 18 i get 10k to play with for forex. now my question is should i spread the 10 all over different brokers or one account with 10k in it. Also since i’m at my step fathers place i don’t have topay anything like expenses, rent, etc etc, i want to be able to move out around 21 years old achieving this thru forex profits is the ideal scenario. I think this is very possible... what do you guys think? what should be realistic expectations? +I really enjoy listening to podcasts about traders advice to those starting out but I want to know people's biggest why on why forex came to be their calling. To profitable forex traders out there, what was your deepest pushes as to make your self disciplined and consistent with trades? Was it family? Were you the breadwinner? Or were you realized corporate wasnt for you? Just really want to know your unique stories. + +Time to time, I feel so depressed what if I don't make it. I know that the only person limiting me is myself with a the doubt but I try my best to fight my inner demons. +Okay so, ive been trading SMC with a big LiT bias for the better part of a year, i passed funded, scaled it also, but now i cant seem to get a profitable trade in, i use good risk management, have a good trading plan, i trade intraday and do take partials and move to BE after a break of structure. +Ive had losing streaks before, but never this bad, +Im down about 8%, and cant seem to get a nice trade going. +I do think my psychology is good, i dont revenge trade, i dont get emotional about losses or wins, but today i really got frustrated about the fact. +Any tips to be consistently profitable? +Looks like all of the markets are going to take a shit on the news of the new Covid variant. Funny thing about the news on that, it is simply the new strain is heavily mutated and we don’t know if that’s bad. We should see this as an opportunity to buy more stocks at a discount. This happened earlier in the year and most stocks have recovered since then. Just like the Warren Buffett quote in the title. Sure everyone’s portfolio is red at the moment. Some people see the red and panic, I see a green opportunity on the horizon. Someone else once said, “scared money don’t make money”. +Mom has a 10 year loan on her house that with $40k final payment. I don’t know much of the details about that loan. She has a lot of equity in the house (~$160k), but she is on disability now and draws a small check per month and has a low credit score (600ish). She has spoke with several banks and none say they can give her a loan/mortgage on her house. She doesn’t have any other assets to liquidate to get close to that. + +I went to the bank to co-sign as I have a 800+ credit score and I love my mom. They still couldn’t do it for her, but could if she sold it to me. After we left the meeting, our bank called and said that wouldn’t work since both house are in the same town I couldn’t list it as a second home. Next option if for me to take a home equity loan on my home and pay hers off with that. I’m ok with that and have ~$180k equity in my home. + +I’m wondering if there are other options? My plan for this year was to buy a house to flip and I’m wondering if this home equity loan will affect that. I’m sure it will be on my credit as debt even though she is going to pay it. Just seeing if someone else has any ideas. Thanks! +I just learned something important, and wanted to share: [https://www.tastytrade.com/shows/market-measures/episodes/atm-vs-otm-decay-curves-12-16-2020](https://www.tastytrade.com/shows/market-measures/episodes/atm-vs-otm-decay-curves-12-16-2020). I believed there was only one option decay curve, but it turns out it’s different for ATM vs OTM options. This has significant implications for trading strategies, depending on your goals. + +Takeaways: + +&#x200B; + +* ATM options decay exponentially (like a stone falls as it flies), with the rate of decay accelerating as it approaches expiration. *Most of the decay happens in the last 21 days.* +* OTM options have in inverse decay curve (like a landing plane), i.e. *they lose most of their value prior to the 21-day mark*, and the rate of decay decreases in the last 21 days. +* Gamma risk is higher ATM, so ATM options should be managed at smaller profit targets, e.g. 25% (unless you don’t mind assignment, and don’t care) +* Be aware of the which situation applies to your positions. You may have sold an OTM put, but if it is ATM now, you should adjust your mental model. +* ATM options +* Therefore: + +&#x200B; + +* If you just want the premium, sell 45-day options, and close them around 21 DTE or 50% of max profit. These will decay quickly and more safely. +* If you’re feeling extra bullish, sell 45-days ATM, and close at 25% of max profit or 21 DTE. Same advice as always from TT, but it’s nice to understand why. +* For core positions: If you don’t mind being assigned, sell 30-, or even 21-DTE ATM puts, and hold until about 7 days. The last week is still not ideal, because the Gamma (directional sensitivity over time) gets really high near expiration, causing large profit/loss swings, for not much more premium. +For the Retards: The fed cut the rate and futures still bombed 1000 points. There’s no supports after 242. The bottom has fallen out on SPY and tbh I have no idea where it stops but I’m sure it’s going down. + +Ticker: $SPY + +Intervals: 1W, 1D, 1H + +Indicators: Aroon, RSI, MA(200 & 50), ATR, NetVolume, News Catalysts + +Signals: 1W Aroon Signal Bearish, NetVolume Overwhelmingly Bearish, Under 200 & 50 MA Bearish + Position: Short Term $244p 3/20 & Long Term $225p 4/3 + +Targets: Take most of your profit at 243 and let some of your puts ride when it dips under. + +News: “Stock futures plunged Sunday night even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. While the central bank’s actions may help ease the functioning of markets, many investors said they would ultimately want to see coronavirus cases peaking and falling in the U.S. before it was safe to take on risk and buy equities again. + +Stock market futures hit “limit down” levels of 5% lower, a move made by the CME futures exchange to reduce panic in markets. No prices can trade below that threshold, only at higher prices than that down 5% limit.," (https://www.cnbc.com/2020/03/15/traders-await-futures-open-after-fed-cuts-rates-launches-easing-program.html) + + +TLDR; The fed cut rates to zero and futures still bombed. + + +Analysis: 1W and daily signals have not changed significantly since my last analysis. 1W & 1D aroon still giving sell signals. Net Volume is -1.5G signaling overwhelming bearish investor sentiment. Volumetric support/resistance plotting give weak support around $243 and almost no accumulation thereafter until $200 + +Chart Weekly: https://imgur.com/gallery/ksJM17f + +Chart Daily: https://imgur.com/gallery/ksJM17f + +YouTube Walkthrough on TA: [https://youtu.be/POWP15sU2a8 ](https://youtu.be/POWP15sU2a8) +So my lease for a 2019 Toyota Tacoma ends less than a month from now. I was contacted by Toyota several months ago saying that due to low inventory I had to start the process now to get a new vehicle if I wanted one. I told them I intended to buyout the vehicle, which they said no problem, just to contact the bank a few weeks beforehand. + +I called the bank today to get the final buyout price which was agreed upon when I got the lease. They called me back today and said that there is too much demand to buyout the vehicles and that they will not be able to process my request before the end of the lease. They told me I have to extend the lease potentially several months (increasing my monthly payments over $200) until they can get to me, or I will have to turn the car in. + +I told them I have cash and they said it doesn't matter, these are my options and they are non-negotiable. They were unable to explain to me why this will take so long or why I would be forced to pay for what sounds like an internal issue with them. Between the buyout price and the KBB value, I have $3-6k in equity on the car. Not to be cynical but this seems like a way for them to squeeze more money out of me due to the market. + +Does any of this make sense or seem legit? Any help or advice would be appreciated. + +**UPDATE: I was able to get through to the bank's corporate office. Spoke with a rep there who says there's no reason I would have to extend the lease as there's plenty of time before the maturity date, even more so if I don't need financing. They said if there's a backlog then it may take some time to get the title, but that's no reason to extend the lease. Supposedly they are handling it internally and will get back to me next week.** + +***UPDATED UPDATE: A manager contacted me first thing this morning and confirmed I absolutely have the right to buyout the vehicle and that whoever I initially spoke with gave me blatantly incorrect information. They are going to accept my cash offer, but did warn it would take several months for me to receive the title, which is a non-issue for me. A quick Google search of BBB, Yelp reviews, and news articles shows that this company, among others, are using scare tactics and absurd fees to get these cars back and will try to get every dollar they can out of you if you don't wish to turn them in. For anyone looking to buy their lease in this market, be aware of what is going on out there and arm yourself with the advice in the comments.*** +***WARNING***[:](https://www.tradinganalysisresources.com/2020/05/free-references-and-resources.html) ***It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.*** + +# Your Pre Market Brief for Wednesday December 9th 2020 + +Back because I'm having problems finding value plays in this inflated market and need a few good ideas. Will continue until I get exhausted. + +You can subscribe to the daily 4:00 AM Pre Market Brief on [**The Twitter Link Here**](https://twitter.com/TradingAnalysi2) . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub. + +**Other Useful Resources:** [**The Ultimate Quick Resource For the Amateur Trader.**](https://www.reddit.com/r/pennystocks/comments/hcja2q/the_ultimate_quick_resource_for_the_amateur_trader/) + +*Published* ***3:41 AM*** *EST / Updated as of* ***4:00*** ***AM*** *EST* + +\----------------------------------------------- + +***Stock Futures:*** + +* [Pre-Market Trading](https://money.cnn.com/data/premarket/) + +***Wednesday*** ***12/08/2020 News and Markets Recap:*** + +* [News and Market Recap](https://finance.yahoo.com/video/market-recap-tuesday-december-8-214045429.html) + +**Friday** ***August 28th 2020*** [***Economic Calendar***](https://tradingeconomics.com/calendar) (All times are Eastern) + +* **12:00 PM** [**MBA Mortgage Applications**](https://tradingeconomics.com/united-states/mortgage-applications) +* **12:00 PM** [**MBA 30-Year Mortgage Rate**](https://tradingeconomics.com/united-states/mortgage-rate) 04/DEC +* **03:00 PM** [**Wholesale Inventories MoM**](https://tradingeconomics.com/united-states/wholesale-inventories) OCT +* **03:00 PM** [**JOLTs Job Openings**](https://tradingeconomics.com/united-states/job-offers) OCT +* **03:30 PM** [**EIA Distillate Stocks Change**](https://tradingeconomics.com/united-states/distillate-stocks) 04/DEC +* **03:30 PM** [**EIA Cushing Crude Oil Stocks Change**](https://tradingeconomics.com/united-states/cushing-crude-oil-stocks) 04/DEC +* **03:30 PM** [**EIA Crude Oil Stocks Change**](https://tradingeconomics.com/united-states/crude-oil-stocks-change) 04/DEC +* **03:30 PM** [**EIA Gasoline Stocks Change**](https://tradingeconomics.com/united-states/gasoline-stocks-change) 04/DEC +* **03:30 PM** [**EIA Refinery Crude Runs Change**](https://tradingeconomics.com/united-states/refinery-crude-runs) 04/DEC +* **03:30 PM** [**EIA Heating Oil Stocks Change**](https://tradingeconomics.com/united-states/heating-oil-stocks-) 04/DEC +* **03:30 PM** [**EIA Distillate Fuel Production Change**](https://tradingeconomics.com/united-states/distillate-fuel-production) 04/DEC +* **03:30 PM** [**EIA Gasoline Production Change**](https://tradingeconomics.com/united-states/gasoline-production) 04/DEC +* **03:30 PM** [**EIA Crude Oil Imports Change**](https://tradingeconomics.com/united-states/crude-oil-imports) 04/DEC + +***Overnight News Heading into Wednesday December 9th 2020*** + +***(News Yet to be Traded 8:00 PM - 4:00 AM EST)*** + +*^(It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.)* + +* [JKS](https://www.prnewswire.com/news-releases/jinkosolar-announces-proposed-at-the-market-offering-of-up-to-us100-000-000-of-adss-301189176.html) JinkoSolar Announces Proposed At-The-Market Offering of up to US$100,000,000 of ADSs +* [SNY](https://finance.yahoo.com/news/sanofi-kiadis-satisfy-competition-condition-054500062.html) Sanofi, Kiadis Satisfy Competition Condition Regarding Tender Offer +* [PSTI](http://www.globenewswire.com/news-release/2020/12/09/2141935/0/en/Pluristem-Announces-DMC-Recommendation-Following-Interim-Analysis-of-its-Phase-III-CLI-Study.html) Pluristem Announces DMC Recommendation Following Interim Analysis of its Phase III CLI Study +* [LPCN](https://www.prnewswire.com/news-releases/lipocine-announces-tentative-approval-of-tlando-301188975.html) ($1.68) Lipocine Announces Tentative Approval of TLANDO™ +* [LPCN](https://www.prnewswire.com/news-releases/lipocine-announces-deletion-of-unauthorized-changes-to-companys-website-301188971.html) Lipocine Announces Deletion of Unauthorized Changes to Company's Website +* [CE](https://www.businesswire.com/news/home/20201208006201/en/Mitsubishi-Gas-Chemical-Company-and-Celanese-Corporation-Sign-MOU-to-Restructure-Korea-Engineering-Plastics-JV) Mitsubishi Gas Chemical Company and Celanese Corporation Sign MOU to Restructure Korea Engineering Plastics JV +* [BDX](https://www.prnewswire.com/news-releases/new-clinical-trial-data-demonstrates-bd-libertas-wearable-injector-as-a-drug-delivery-system-301189047.html) New Clinical Trial Data Demonstrates BD Libertas™ Wearable Injector as a Drug Delivery System +* [RHHBY MRNA](https://in.reuters.com/article/health-coronavirus-roche-moderna-idINKBN28J0J3) Roche joins Moderna to include antibody test in COVID-19 vaccine trial +* [STMP](https://www.businesswire.com/news/home/20201208006057/en/Metapack-Announces-TDC-2021-to-Take-Place-Virtually-in-Februar) Metapack Announces TDC 2021 to Take Place Virtually in February +* [AMYT](https://www.globenewswire.com/news-release/2020/12/09/2141892/0/en/Amryt-Group-Receives-Marketing-Authorisation-Approval-for-Lojuxta-in-Brazil.html) Amryt Group Receives Marketing Authorisation Approval for Lojuxta® in Brazil +* [TGA](https://www.globenewswire.com/news-release/2020/12/09/2141890/0/en/TransGlobe-Energy-Corporation-Announces-Director-PDMR-Shareholdings.html) ($0.88) TransGlobe Energy Corporation Announces Director/PDMR Shareholdings +* [ASX](https://www.prnewswire.com/news-releases/ase-technology-holding-co-ltd-announces-monthly-net-revenues-301189000.html) ($5.66) ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues +* [AVYA](https://www.prnewswire.com/news-releases/batelco-sees-growth-in-avaya-onecloud-business-301189118.html) Batelco Sees Growth In Avaya OneCloud Business +* [NTRS](https://finance.yahoo.com/news/standard-chartered-northern-trust-partner-050100121.html) Standard Chartered and Northern Trust Partner to Launch Zodia, a Cryptocurrency Custodian for Institutional Investors +* [SRNE](https://www.globenewswire.com/news-release/2020/12/09/2141844/0/en/Sorrento-Receives-Licensure-From-the-State-of-California-for-Clinical-Testing-Laboratory-CLIA-Allowing-for-Clinical-Sample-Testing.html) Sorrento Receives Licensure From the State of California for Clinical Testing Laboratory Allowing for Clinical Sample Testing +* [AAPL](https://www.benzinga.com/analyst-ratings/analyst-color/20/12/18707065/apple-gets-200-bull-case-target-from-wedbush-on-strongest-product-cycle-since-2014) Apple Gets $200 Bull Case Target From Wedbush On Strongest Product Cycle Since 2014 +* [KURA](https://www.globenewswire.com/news-release/2020/12/09/2141845/0/en/Kura-Oncology-Announces-Pricing-of-300-Million-Public-Offering-of-Common-Stock.html) Kura Oncology Announces Pricing of $300 Million Public Offering of Common Stock +* [SBTX](https://www.secform4.com/insider-trading/1671858.htm) $999,999.00 of shares acquired by Presidio Management Group Xii, L.l.c. (10% Owner), reported in a new form 4 filed with the SEC +* [STRO](https://www.prnewswire.com/news-releases/sutro-biopharma-announces-pricing-of-126-0-million-public-offering-301188986.html) Sutro Biopharma Announces Pricing of $126.0 Million Public Offering +* [ATRA](https://www.businesswire.com/news/home/20201208006197/en/Atara-Biotherapeutics-Announces-Pricing-of-175.0-Million-Public-Offering) Atara Biotherapeutics Announces Pricing of $175.0 Million Public Offering +* [ATOS](http://www.globenewswire.com/news-release/2020/12/09/2141850/0/en/Atossa-Therapeutics-Announces-Pricing-of-20-0-Million-Underwritten-Public-Offering.html) Atossa Therapeutics Announces Pricing of $20.0 Million Underwritten Public Offering +* [HOOK](https://www.globenewswire.com/news-release/2020/12/09/2141853/0/en/HOOKIPA-Pharma-Announces-Pricing-of-Public-Offering-of-Common-Stock-and-Preferred-Stock.html) HOOKIPA Pharma Announces Pricing of Public Offering of Common Stock and Preferred Stock (Note: Offering was proposed after market close. The offering was announced at 10:00 pm) +* [LMT](https://www.secform4.com/insider-trading/936468.htm) reported 8+ new insider trades (Selling) to the SEC slightly before 8:00pm +* [HUBG](https://www.secform4.com/insider-trading/940942.htm) reported 4 new insider trades (sold) to the SEC after market close +* [IGMS](https://www.globenewswire.com/news-release/2020/12/09/2141855/0/en/IGM-Announces-Pricing-of-Upsized-200-million-Public-Offering.html) IGM Announces Pricing of Upsized $200 million Public Offering +* [AY](https://www.globenewswire.com/news-release/2020/07/14/2061793/0/en/Atlantica-Sustainable-Infrastructure-plc.html) Atlantica Sustainable launches share offering +* [BRP](https://www.globenewswire.com/news-release/2020/12/09/2141858/0/en/BRP-Group-Inc-Announces-Pricing-of-Its-Public-Offering-of-Common-Stock.html) Group, Inc. Announces Pricing of Its Public Offering of Common Stock of $29.50 per share (Earlier news below in the offering section) + +***End of Day and After Hours News Heading into Wednesday December 9th 2020*** + +***(News Traded 4:00 PM - 8:00 PM EST)*** + +*^(It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.)* + +* [MSFT](https://www.bloomberg.com/news/articles/2020-12-09/microsoft-says-key-xbox-game-halo-infinite-coming-in-fall) Microsoft Says Key Xbox Game ‘Halo Infinite’ Coming in Fall +* [PRPH](https://www.globenewswire.com/news-release/2020/12/08/2141785/0/en/ProPhase-Labs-Expands-COVID-19-Testing-Capacity-with-New-25-000-Square-Feet-Testing-Facility-in-Garden-City-New-York.html) ($9.08) ProPhase Labs Expands COVID-19 Testing Capacity with New 25,000 Square Feet Testing Facility in Garden City, New York +* [AAPL](https://www.bloomberg.com/news/articles/2020-12-09/new-orders-of-apple-s-550-headphones-won-t-arrive-for-christmas) New Orders of Apple’s AirPods Max Won’t Arrive for Christmas +* [GME](https://www.barrons.com/articles/gamestop-stock-sinks-after-sales-dip-what-to-know-about-its-earnings-51607467741) GameStop Stock Sinks After Third-Quarter Sales Tumble +* [VIAV](https://www.prnewswire.com/news-releases/viko-dongguan-optics-technical-co-ltd-enters-into-licensing-agreement-with-viavi-for-3d-sensing-filters-301188799.html) ($13.75) Viko Optics Technical enters licensing agreement with VIAVI for 3D sensing filters +* [AT](https://www.prnewswire.com/news-releases/atlantic-power-corporation-provides-update-on-calstock-power-purchase-agreement-and-cadillac-insurance-settlement-301188825.html) ($2.04) Atlantic Power Corporation Provides Update on Calstock Power Purchase Agreement and Cadillac Insurance Settlement +* [GSM](https://www.prnewswire.com/news-releases/us-silicon-metal-producers-welcome-duties-on-unfairly-traded-silicon-metal-imports-from-bosnia-and-herzegovina-iceland-301188854.html) ($1.78) U.S. Silicon Metal Producers Welcome Duties on Unfairly-Traded Silicon Metal Imports from Bosnia and Herzegovina, Iceland +* [BRF](https://uk.reuters.com/article/brf-outlook/update-5-brazils-brf-shares-soar-after-bold-10-year-plan-idUKL1N2IO0ZK) ($4.52) 5-Brazil's BRF shares soar after bold 10-year plan +* [RARE](https://www.globenewswire.com/news-release/2020/12/05/2140155/0/en/GeneTx-and-Ultragenyx-Announce-Presentation-of-Phase-1-2-Data-on-Investigational-GTX-102-in-Patients-with-Angelman-Syndrome.html) GeneTx and Ultragenyx Announce Presentation of Phase 1/2 Data on Investigational GTX-102 in Patients with Angelman Syndrome +* [BAX OMCL](https://www.reuters.com/article/us-omnicell-m-a-baxter-intl/baxter-in-5-billion-bid-for-omnicell-sources-idUSKBN28I3B2) Baxter seeks to buy Omnicell for [$5B](https://stocktwits.com/symbol/5B)\-plus - Reuters +* [WTI](https://www.globenewswire.com/news-release/2020/12/08/2141826/0/en/W-T-Offshore-Provides-Operational-Update-and-Increases-Production-Guidance-for-the-Fourth-Quarter-of-2020.html) W and T Offshore Provides Operational Update and Increases Production Guidance for the Fourth Quarter of 2020 +* [WAT](https://www.businesswire.com/news/home/20201208006033/en/Waters-Collaborates-with-Dr.-Sunghwan-Kim-of-Kyungpook-National-University-to-Advance-Precision-Analysis-of-Complex-Chemical-Compounds) Waters Collaborates with Dr. Sunghwan Kim of Kyungpook National University to Advance Precision Analysis of Complex Chemical Compounds +* [CHWY](https://www.barrons.com/articles/chewy-earnings-top-expectations-the-stock-still-fell-51607468231) Chewy Stock Dips Even After Earnings Beat Expectations +* [BA](https://www.bloomberg.com/news/articles/2020-12-08/u-k-to-drop-tariffs-on-u-s-goods-in-airbus-boeing-dispute) U.K. to Drop Tariffs on U.S. Goods in Airbus-Boeing Dispute +* [ZGNX](https://www.sec.gov/ix?doc=/Archives/edgar/data/1375151/000137515120000159/zgnx-20201203.htm) Form 8-K: Entry into a Material Definitive Agreement.On December 3, 2020,, Zogenix, entered into a Collaboration, Option and License Agreement with Tevard Biosciences for the research, developmet +* [CMBM](https://www.prnewswire.com/news-releases/cambium-networks-corporation-announcement-of-litigation-settlement-301187844.html) Cambium Networks announces litigation settlement +* [FDX](https://www.freightwaves.com/news/fedex-shares-pierce-300-level-for-first-time-ever) FedEx Shares Pierce $300 Level For First Time Ever +* [FEYE](https://www.barrons.com/articles/fireeye-stock-falls-after-state-sponsored-cyber-attack-51607465624) FireEye Stock Falls After ‘State-Sponsored’ Cyber Attack +* [UBER](https://www.cnbc.com/2020/12/08/air-taxi-start-up-joby-acquires-uber-elevate-.html) Uber sells flying taxi Elevate business to Joby Avionics and makes $75M investment +* [UBER](https://www.washingtonpost.com/technology/2020/12/07/uber-aurora-self-driving/) Uber offloads troubled self-driving unit to startup Aurora +* [CR](https://www.yahoo.com/now/crane-co-elects-director-220000259.html) Crane Elects New Director +* [SHO](https://www.prnewswire.com/news-releases/sunstone-hotel-investors-announces-the-sale-of-the-502-room-renaissance-los-angeles-airport-for-91-5-million-301188846.html) Sunstone Hotel Investors Announces The Sale Of The 502-Room Renaissance Los Angeles Airport For $91.5 Million +* [MFAC](https://sec.report/Document/0001213900-20-041616/) Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On December 8, 2020, Megalith Financial Acquisition Corp. where the Company has bee +* [MFAC](http://www.globenewswire.com/news-release/2020/12/08/2141807/0/en/Megalith-Financial-Acquisition-Corp-Transfers-Listing-to-NYSE-American-LLC.html) Megalith Financial Acquisition Corp. Transfers Listing to NYSE American +* [PFE](https://www.businesswire.com/news/home/20201208006015/en/U.S.-FDA-Accepts-for-Priority-Review-the-Biologics-License-Application-for-Pfizer%E2%80%99s-Investigational-20-valent-Pneumococcal-Conjugate-Vaccine-for-Adults-18-Years-of-Age-and-Older) U.S. FDA Accepts for Priority Review the Biologics License Application for Pfizer’s Investigational 20-valent Pneumococcal Conjugate Vaccine for Adults 18 Years of Age and Older +* [MUX](https://www.globenewswire.com/news-release/2020/12/08/2141745/0/en/McEwen-Mining-Update-on-the-San-Jos%C3%A9-Mine.html) ($1.03) McEwen says production resumes at San José mine +* [QS](https://www.barrons.com/articles/quantumscape-hitting-home-run-in-battery-technology-stock-soars-51607463327) QuantumScape ‘Hitting a Home Run’ in Battery Technology +* [PRCP](https://www.globenewswire.com/news-release/2020/12/08/2141796/0/en/Perceptron-Shareholders-Approve-Merger-Agreement-with-Atlas-Copco.html) ($6.97) Perceptron Shareholders Approve Merger Agreement with Atlas Copco +* [RWLK](https://www.globenewswire.com/news-release/2020/12/08/2141793/0/en/ReWalk-Robotics-Announces-Closing-of-8-0-Million-Private-Placement-Priced-At-the-Market.html) ($1.23) ReWalk Robotics Announces Closing of $8.0 Million Private Placement Priced At-the-Market +* [SALT](https://www.globenewswire.com/news-release/2020/12/08/2141782/0/en/Scorpio-Bulkers-Inc-Announces-the-Sale-of-an-Ultramax-Vessel.html) Scorpio Bulkers sells Ultramax vessel +* [MDP](https://www.prnewswire.com/news-releases/mongodb-inc-announces-third-quarter-fiscal-2021-financial-results-301188829.html) MongoDB reports Q3 beats, upside Q4 and full-year forecasts +* [EFX](https://www.prnewswire.com/news-releases/equifax-announces-svp-of-product-data--analytics-for-consumer-business-301188733.html) Equifax Announces SVP of Product, Data & Analytics for Consumer Business +* [AVAV](https://www.yahoo.com/now/aerovironment-acquires-telerob-leader-ground-211000505.html) AeroVironment Acquires ground robotic solutions provider, Telerob +* [GWRE](https://www.businesswire.com/news/home/20201208006086/en/Guidewire-Software-Announces-First-Quarter-Fiscal-Year-2021-Financial-Results) Guidewire Software EPS beats by $0.22, beats on revenue +* [ASMB](http://www.globenewswire.com/news-release/2020/12/08/2141763/0/en/Assembly-Biosciences-to-Wind-Down-Microbiome-Program.html) ($6.20) Assembly Biosciences pulls the plug on microbiome program +* [MA](https://www.businesswire.com/news/home/20201208006042/en/Mastercard-Board-of-Directors-Announces-Quarterly-Dividend-and-6-Billion-Share-Repurchase-Program) Mastercard Board of Directors Announces Quarterly Dividend and $6 Billion Share Repurchase Program +* [TUFN](https://www.businesswire.com/news/home/20201208006028/en/Tufin-to-Present-at-Barclays-Global-Technology-Media-and-Telecommunications-Conference) Tufin to Present at Barclays Global Technology, Media and Telecommunications Conference +* [ENR](https://www.prnewswire.com/news-releases/energizer-holdings-inc-announces-conditional-full-redemption-of-7-750-senior-notes-due-2027--301188837.html) Energizer Holdings, Inc. Announces Conditional Full Redemption of 7.750% Senior Notes Due 2027 +* [CRIS](https://www.prnewswire.com/news-releases/curis-announces-proposed-public-offering-of-common-stock-301188836.html) ($6.55) Curis Announces Proposed Public Offering of Common Stock +* [AZN](https://www.bloomberg.com/news/articles/2020-12-08/astra-vaccine-is-effective-but-leaves-questions-in-older-ages) Oxford-AstraZeneca COVID-19 vaccine 'safe and effective,' but questions remain for elderly - Lancet +* [VVNT](https://www.businesswire.com/news/home/20201208005107/en/CORRECTING-and-REPLACING-Vivint-Smart-Home-Announces-Redemption-of-Public-Warrants) Vivint Smart Home Announces Redemption of Public Warrants +* [TTCF](https://www.globenewswire.com/news-release/2020/12/08/2141770/0/en/Tattooed-Chef-Newest-Innovation-Features-Plant-Based-Meat-Alternatives.html) Tattooed Chef Newest Innovation Features Plant-Based Meat Alternatives +* [CUBE](https://www.globenewswire.com/news-release/2020/12/08/2141774/0/en/CubeSmart-Announces-3-0-Increase-in-Quarterly-Common-Dividend.html) CubeSmart Announces 3.0% Increase in Quarterly Common Dividend +* [PLDI](https://www.prnewswire.com/news-releases/pdl-announces-timeline-for-voluntarily-delisting-from-nasdaq-301188723.html) PDL Announces Timeline for Voluntarily Delisting from Nasdaq +* [BRX](https://news.yahoo.com/brixmor-property-group-announces-fourth-210500016.html) Brixmor Property Group Announces Fourth Quarter 2020 Earnings Release And Teleconference Dates +* [ILMN](https://www.businesswire.com/news/home/20201208005984/en/Illumina-and-Harvard-Pilgrim-Health-Care-Expand-Access-to-Whole-Genome-Sequencing-for-Genetic-Disease-Testing) Illumina and Harvard Pilgrim Health Care Expand Access to Whole-Genome Sequencing for Genetic Disease Testing +* [FBHS](https://www.businesswire.com/news/home/20201208006049/en/Fortune-Brands-Increases-Quarterly-Dividend-for-8th-Consecutive-Year) Fortune Brands Increases Quarterly Dividend for 8th Consecutive Year +* [RCKT](https://www.businesswire.com/news/home/20201208006068/en/Rocket-Pharmaceuticals-Announces-Positive-Gene-Expression-Clinical-Biomarker-and-Preliminary-Functional-Data-from-Phase-1-Trial-of-RP-A501-for-the-Treatment-of-Danon-Disease) Rocket Pharmaceuticals Announces Positive Gene Expression, Clinical Biomarker and Preliminary Functional Data from Phase 1 Trial of RP-A501 for the Treatment of Danon Disease +* [TAK](https://www.businesswire.com/news/home/20201208005955/en/Takeda%E2%80%99s-Pipeline-Has-Potential-to-Contribute-Significantly-to-Revenue-Growth-Over-Next-Decade) Takeda’s Pipeline Has Potential to Contribute Significantly to Revenue Growth Over Next Decade +* [ALBO](https://www.globenewswire.com/news-release/2020/12/08/2141795/0/en/Albireo-Submits-for-U-S-FDA-and-EMA-Product-Approval-of-Once-Daily-Odevixibat-for-PFIC.html)Albireo submits U.S. and European applications for odevixibat in liver disease + +***Possible Dip Buying Opportunities in the near future (Other suggestions appreciated):*** + +[Suggested Dip Trading Strategy](https://www.tradinganalysisresources.com/2020/08/the-safe-consistent-short-term-trading.html) + +* **AOUT**: Posturing before earnings on the 15th +* **PFSW**: Dipping as a result of low volume trading weeks after earnings, nearing support +* **TOL**: Poor guidance and headwinds in the real estate market (Reliable company though) +* **LEN**: Dipping as a result of TOLL's guidance. Posturing for earnings on the 16th +* **SPWH**: Dropping as analysts expect a decrease in revenue earned next year. +* **ITB**: Real estate expected to cool off in the winter before popping again in the Spring +* **LMT**: Typical post dividend dip (Update: Be careful, just announced 8 insider sells at 8:01 PM) +* **CRM**: Dipping because investors assess they paid too much for the Slack purchase +* **KMX**: Been trading sideways for nearly 6 months. Earnings on 12/22 + +***Offering News:*** + +* [UBER](https://www.businesswire.com/news/home/20201208006184/en/Uber-Announces-Pricing-of-1.0-Billion-Convertible-Senior-Notes-Offering) Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering +* [YCBD](https://www.businesswire.com/news/home/20201208006156/en/cbdMD-Inc.-Announces-Pricing-of-15-Million-8.0-Series-A-Cumulative-Convertible-Preferred-Stock-Offering) cbdMD Announces Pricing of $15 Million 8.0% Series A Cumulative Convertible Preferred Stock Offering +* [PCF](https://newsfilter.io/a/bd23211dad3cc0189e41321aefa4fbbb) High Income Securities Fund Announces Non-Transferable Rights Offering +* [HD](https://www.sec.gov/Archives/edgar/data/354950/000119312520312891/d25488dsctota.htm) Form SC TO-T/A (tender offer statement by third party) filed with the SEC +* [HDS](https://www.sec.gov/Archives/edgar/data/354950/000119312520312891/d25488dsctota.htm) Form SC TO-T/A (tender offer statement by third party) filed with the SEC +* [TSLA](https://www.barrons.com/articles/musk-shrugs-at-tesla-5-billion-stock-issuance-dilution-spacex-texas-california-51607466122) Elon Musk Shrugs at Tesla’s $5 Billion Stock Issuance +* [OMF](https://finance.yahoo.com/news/onemain-holdings-inc-announces-pricing-221400541.html) OneMain Holdings, Inc. Announces Pricing of Upsized $850 Million Aggregate Principal Amount of Senior Notes due 2030 +* [OXY](https://www.globenewswire.com/news-release/2020/12/08/2141813/0/en/Occidental-Announces-Upsize-of-Previously-Announced-Cash-Tender-Offers-and-Consent-Solicitations-for-Certain-of-its-Senior-Notes.html) Occidental Announces Upsize of Previously Announced Cash Tender Offers and Consent Solicitations for Certain of its Senior Notes +* [HOOK](https://www.globenewswire.com/news-release/2020/12/08/2141758/0/en/HOOKIPA-Pharma-Announces-Proposed-Public-Offering-of-Common-Stock-and-Preferred-Stock.html) HOOKIPA Pharma proposes public offering of common and preferred stock +* [BRP](https://www.globenewswire.com/news-release/2020/12/08/2141788/0/en/BRP-Group-Inc-Announces-Proposed-Public-Offering-of-Common-Stock.html) Group Announces Proposed Public Offering of Common Stock +* [TALO](https://www.prnewswire.com/news-releases/talos-energy-announces-public-offering-of-common-stock-301188808.html) ($10.51) Talos Energy Announces Public Offering Of Common Stock +* [ICHR](https://www.businesswire.com/news/home/20201208006088/en/Ichor-Announces-Public-Offering-of-3500000-Ordinary-Shares) Ichor readies 3.5M shares public offering +* [DCTH](https://www.globenewswire.com/news-release/2020/12/08/2141757/0/en/Delcath-Systems-Announces-Proposed-Public-Offering-of-Common-Stock.html) Delcath System proposes public offering +* [NVO](https://www.globenewswire.com/news-release/2020/12/08/2141772/0/en/Novo-Nordisk-Completes-Acquisition-of-Emisphere-Technologies-for-1-35-Billion.html) Novo Nordisk Completes Acquisition of Emisphere Technologies for $1.35 Billion +* [RUSH](https://www.globenewswire.com/news-release/2020/12/08/2141769/0/en/Rush-Enterprises-Inc-Adopts-100-Million-Stock-Repurchase-Program-and-Announces-Holiday-Employee-Gift.html) Rush Enterprises Adopts $100 Million Stock Repurchase Program and Announces Holiday Employee Gift +* [WSFS](https://www.globenewswire.com/news-release/2020/12/08/2141771/0/en/WSFS-Financial-Corporation-Announces-Closing-of-Senior-Notes-Offering.html) WSFS Financial Announces Closing of Senior Notes Offering +* [CVM](https://www.businesswire.com/news/home/20201208006170/en/CEL-SCI-Announces-Bought-Deal-Offering) CEL-SCI Announces Bought Deal Offering + +***Upcoming Earnings:*** + +* [Earnings Calendar](https://finance.yahoo.com/calendar/earnings/) +* [Earnings Calendar II](https://tradingeconomics.com/earnings) + +\----------------------------------------------- + +**Other Useful Resources:** [**The Ultimate Quick Resource For the Amateur Trader.**](https://www.reddit.com/r/pennystocks/comments/hcja2q/the_ultimate_quick_resource_for_the_amateur_trader/) + +Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on [**The Twitter Link Here**](https://twitter.com/TradingAnalysi2) . Alerts in the tweets will direct you to the daily brief in this sub + +***WARNING: It is up to you to judge the accuracy and veracity of the above before trading. I take no responsibility for the accuracy of the information in this thread.*** +Hi Apes + +What amazes me, is that we are transferring a Bilion $ worth of Stock to Computershare, but we are not pushing and asking CS to enhance their security options. + +I believe if tens of thousands of customers would reach out to them and asking for fast improvement, something could be done? Anyway I don't get why this wasn't pushed more until now.. + +What are your opinions about it? + + +DRS for fairer markets. +I'm 18 years old. I work full time for a software company. I've been with them since April 2014. + +When I was hired, I was told that my company offered a 401k plan but I am ineligible because I'm under age 21. I was okay with that, and I assumed that that would be the last that I heard about my 401k. However, I just took a look at my last paystub and I noticed a deduction of $105 with the label "401k". I checked each paystub and that deduction has been present since January 2015. + +I contacted HR and they said that the old HR director set up automatic enrollment for the company's 401k. I was told by the old HR director when I was hired that I would not be enrolled since I was under 21. Apparently, I was enrolled without my knowledge. To date, I have "contributed" $1,500. + +However, that 401k account is not valid since I am under 21. Apparently I don't have any way to access the funds. HR told me "due to federal regulations, we are unable to reimburse you the money you contributed". But apparently I cannot access it myself either. + +How do I handle this situation? I'm pretty pissed off. They've taken $1,500 from me under the guise of a "401k", but I don't even *have* a 401k. + +Thanks + +**UPDATE**: Just got an email from HR. They contacted Fidelity and they had to close my account and withdraw the funds. I'll get a $1500 check in the mail soon along with a 1099 to report the taxes. Thanks for your help! +So apparently Fidelity called their best performing investors and discovered those people had either forgotten about their account or had deceased. + +A primary source is difficult to find (it seems to be hearsay). I myself heard it on a podcast. Yet I still wanted to share because it's a great little anecdote! + +Here's an article that mentions it: [article here.](http://www.aol.com/article/2014/09/10/investing-success-secret-amnesia/20959031/) + +edit: **opinion** + +SOL has seen a huge pump and I'm happy for everyone that made good gains on SOL, however I think many people will get burned on SOL as it's still a pretty incomplete project + +&#x200B; + +* Unreasonable validator requirements(128GB ram, high end cpu, 100K SOL) - [https://docs.solana.com/running-validator/validator-reqs](https://docs.solana.com/running-validator/validator-reqs) +* Solana Foundation selling heaps of tokens below market price to VCs +* Insane bandwith requirements for nodes +* Low fees don't require much SOL to be used +* Slashing isn't done + +I'm not against Solana or anyone investing/holding SOL. I just personally think the project got hyped up now that ETH fees are ridiculously high. Thoughts? +Nasdaq: +New York, NY +Newsfile Corp. - February 14, 2022 + +“BankersDream is a new DeFi project aiming to implement asset collection into the realm of cryptocurrency through the creation of three asset categories. BankersDream’s utilization of methodologies that strive to fully explore the benefits of token functions is a unique approach that sets it apart from myriad other tokens. Furthermore, multifaceted token systems help garner a vibrant ecosystem built upon an asset that aims to remove ephemerality—rapid buying and selling—from their project. + +Functions of BankersDream + +BankersDream is the first step in the genesis of three different asset categories. In short, inquiry into the possibilities afforded by the token itself is not a new concept in the realm of DeFi; however, BankersDream narrowed its focus to utility of the token itself, and spotlights the importance of the reflections function within a smart contract. + +Reflections are generated through a transactional tax that every purchase and sell undergoes. Reflections are rewarded automatically every sixty (60) minutes and do not need to be claimed: they are sent to respective wallets automatically. + +Realizing solely reflections would not extract the full potential earnings of tokens, the BankersDream team coordinated with their community to further stratify possibilities for fund generation. Collectively, the team and community designed a new function: BankersWhale. BankersWhale employs one and a half (1.5) percent of the marketing tax to create a community investment fund. This investment fund has two (2) purposes: + +Seventy-five (75) percent of the community-fund yield will be distributed to BankersDream holders. Distribution methods will follow the same practice observed in the distribution of reflections; +twenty-five (25) percent of the community-fund yield will be retained for financing development and growth of the ecosystem. +BankersDream continues to research and develop new token functions as they continue to explore all possibilities that align with their overarching goal: fully exploring and bringing to light the potential of DeFi projects and their tokens. + +Creators and Community + +BankersDream is the project of four German-based bankers. This team of four identified the necessity of fresh perspective and approach in token fund distribution functions for future generations and implemented their experience as bankers to bring about this idea’s fruition; however, the team realizes their previous experience in the finance sector does not merit their sole control of the project. Community engagement and collaboration plays a central role in BankersDream and its ecosystem. The BankersDream believes that strong community results in high level transparency amongst all parties involved and an alacrity to strive collectively towards the projects goals.” +BonFi is a multilayered open finance liquidity mining platform complemented by the AI-powered BonVest, a diversified liquidity pool giving users exposure to a basket of underlying crypto assets. + +**The BonFi DAO** + +The BonFi DAO places governance, voting rights, and the organization's election into the community's hands. The governance structure will provide organizational control to a supervisory council and the community, who will have greater control of the future direction of the BonFi ecosystem. + +&#x200B; + +**Bonvest :** A new way to stake + +BonVest is a professionally managed liquidity mining pool that leverages advanced AI technology that outperforms the market and generates a sustainable annual percentage yield. + +**BonAI :** More than just data + +The BonAI features a proprietary Artificial Intelligence (AI) system that leverages prediction based logic to outperform the market while standing at the forefront of innovation. + +&#x200B; + +**What is the differences between BonFi and other Defi projects?** + +Existing DeFi services primarily include savings, lending, and staking of digital assets. After experimenting with various solutions, we observed a few key issues that negatively impact user experience, including but not limited to a lack of user empowerment, rigid infrastructure, high token supply inflation, and a lack of features. Furthermore, the promised yields are not based on market data or underlying investment performance. + +&#x200B; + +The BonFi platform provides a more long-term sustainable solution. We enable the crypto community to seize the advantages of Artificial Intelligence, Algorithmic Trading, and Quantitative Analysis to build a more profitable and decentralized wealth management system through the integration of the BonFund, a professionally managed investment fund. + +&#x200B; + +**BNF Token :** Stake - Govern - Earn Rewards + +The BNF token is a governance token that functions as an entry piece to the BonFi Ecosystem and offers exclusive access to BonVest. + +**How Can You Stake with BonVest?** + +After unlocking any of the BonFi Tiers, users can stake additional assets with BonVest using the BonFi App. Users will wrap their assets as an ERC-20 token "bonToken", entitling the owner to the underlying asset on 1 : 1 ratio (e.g., 1 bonBTC : 1 BTC) + +&#x200B; + +**Tokenomics** + +**\*Total Supply :** 1,000,000,000 + +**\*Platform**: ERC20 + +**\*Early Member Token Sale:** 100,000,000 BNF (Completed) + +**\*Member Token Sale:** 150,000,000 BNF (Completed) + +**\*Member Token Sale Price:** 0,0081 USDT - 1 ETH: 43,000 BNF - Min Contrubition 100 USTD or 0,3 ETH + +**\*\* All token Sales Sold Out, Listin on UNiswap, on October 19th.** + +&#x200B; + +**\*Staking Rewards:** 40% + +**\*Team&Advisors:** 15% + +**\*Ecosystem Expansion:** 15% + +**\*Early Member Token Sale: 10%** + +**\*Member Token Sale:** 15% (Completed) + +**\*Referrals:** 5% + +# [Website](https://www.bon.finance/) +\#HODL is a passive income ecosystem built on The Binance Smart Chain Network (BSC). Our ground-breaking contract delivers a revolutionary mechanism to #BSC ecosystem: Earn sustainable $BNB and reflections just by holding. Not only that but our token is underpinned by the greatest brand name in crypto and a series of innovative products that our holders can enjoy in order to generate more passive income. At HODL we believe in a future where personal finance is more lucrative, fair, and sustainable for all. HODL is more than a token; it is a platform and community making it easy for anyone to make money by investing in cryptocurrency. Our innovative ecosystem and initiatives are strategically chosen to ensure sustainable income for our holders. Here are some of the key features of our ecosystem: + +* $BNB rewards +* Reflections +* Reward stacking +* Sustainable reward pool +* Automatic LP generation +* Manual and automated token burns +* Anti-dump mechanism +* Anti-flip mechanism +* Tax-free tokens when reinvesting +* Upgradable proxy contract +* Market-leading brand +* Advanced dashboard +* Innovative products and utility +* NFTs sales revenue +* NFT staking pool +* Revenue generation from CEXs +* Our own DEX and reward token - HODLX +* Gaming and play-to-earn +* Betting games with earnings to our reward pool +* Burn Lottery +* Our own meaningful charity + +**Tokens worth holding** + +HODL to earn. Built smart for the future, HODL is a community-driven DeFi project built on the Binance Smart Chain (BSC). HODL is revolutionary and constantly innovating to drive more rewards and value to all holders. It was the first project to reward its holders with BNB and reflections just for holding and has set the record for the biggest payouts of all time. At the heart of $HODL is a highly-innovative smart contract which captures tax revenues from buys, sells and transfers of the token. Our sell bot liquifies these tokens converting them into BNB and then places the funds into the reward pool. By holding $HODL you can collect your share of the reward pool every 7-days and will be sent reflections throughout. + +**Taxes worth paying** + +Engineered to be sustainable and taxes you will love with each transaction; be it a buy, sell, or transfer, $HODL collects a 10% tax to fund a $BNB reward pool to sustainably grow its rewards. Our capped reward pool means your rewards are protected even if volume dips, and are amplified in times of growth. As long as you hold, you will be collecting rewards. + +* 5% 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 7-days! +* 2% of the value of all buys is sent to holders in the form of $HODL tokens. Reflections are sent continually, so your token balance is constantly growing! +* 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% Burn Lottery. Simply buy 10 Billion or more $HODL Tokens using PancakeSwap or the HODL DEX and you will see your ticket in the official HODL Telegram group! The winning ticket will receive all tokens in the lottery pool, with the remaining 30% burned, making HODL hyper-deflationary! + +**Investments worth reinvesting** + +With HODL reward or reinvest options, you have the power to make your rewards work for you; reinvest your rewards into additional $HODL, claim $BNB rewards directly back into your wallet, or request a combination of both - every 7-days. + +**Reward pool worth sustaining** + +The BNB reward pool uses an adjustable cap to ensure it is sustainable, safeguarding rewards when volume decreases and creating a sustainable and long-term source of passive income for all holders. + +**HODLers worth protecting** + +With the anti-dump mechanism, there is a maximum sell amount of 250B $HODL tokens, per address, per 24 hours in order to reduce the impact of excessive dumps and support the underlying principle of HODLing for maximum gains. + +**Rewards worth stacking** + +$HODL Stack is the market-leading reward stacking technology, allowing small investors to stack their rewards to ensure their claims exceed the network costs + +**Exchange worth farming** + +HODLX.exchange is a totally decentralized exchange with staking pools and farms where you can stake $HODL, our DEX reward token $HODLX, and earn $HODL, $HODLX, or partner tokens! + +**NFT’s worth minting** + +HODLhands are set to turn heads in the NFT space, you'll be able to stake them to earn $HODL/$HODLX, access boosted APRs, access play to earn and more! We also have mythical NFT's that we offer a one time reward for minting. + +**Performance worth charting** + +HODLdash.io dedicated dashboard is the best investor dashboard in #DeFi, allowing you to view the performance of your investment, earnings, and key project information! + +**Games worth playing** + +HODLgames.net is a simple DeFi Gaming Network integrated into the HODL Ecosystem. We are bringing fresh games in every few weeks and we have only just begun. + +**Odds worth betting** + +With HODLbet you can currently enjoy two fun games - coin toss and rangefinder - with bets available in both $HODL and our reward token $HODLX, with fees from gaming, are sent to the $BNB reward pool too! More HODLbet games are coming in the future. + +**Merchandise worth wearing** + +During the rise or the fall together we HODL! Encourage others to HODL and spread the word with a conversation starter. HODLstore.io has beautiful merchandise for all HODLers. + +**Coins worth collecting** + +\-(Sorry, we are currently sold out)- Bronze, silver, or gold? Own a piece of crypto history, earn tokens, and support the community. Each beautiful first-edition physical coin purchase also earns you tax-free HODLtokens, from $2K - $10K. All funds raised support the project and the BNB rewards pools for all HODLers. + +**Charity worth supporting** + +HODLforward's mission is to help feed those in need by leveraging $HODL's passive income generation. At its heart, HODL is about community. Our rewards are rooted in the actions and choices of our community members. HODLforward is the way we can share and give back to an even larger community in need. HODL is here to stay; we built our token to bring the benefits of the blockchain and passive income to the masses. The longevity, growth, and security of our HODLers investments are at the core of all the choices we make. + +**Links worth visiting** + +White paper -[ https://HODLtoken.net/whitepaper](https://hodltoken.net/whitepaper) + +Official HODL Website -[ https://HODLtoken.net](https://hodltoken.net/) + +Twitter -[ https://twitter.com/HODL\_OFFICIAL](https://twitter.com/hodl_official) + +Telegram -[ https://t.me/HODLinvestorgroup](https://t.me/hodlinvestorgroup) + +Safu -[ https://www.staysafu.org/audit/HODL](https://www.staysafu.org/audit/hodl) + +Reddit -[ https://www.reddit.com/r/HODLToken](https://www.reddit.com/r/HodlToken) + +Discord -[ https://discord.com/invite/D666jh5C5D](https://discord.com/invite/D666jh5C5D) + +**Addresses worth searching** + +$HODL Contract - 0x0e9766df73973abcfedde700497c57110ee5c301 + +$HODLX Contract - 0xAeBdbcc7d6821E3924EE5167b4138a43c19Cf681 + +HODLhands Contract - 0x7E82123bCb6465133D6E9E1Ad94d0115DE041b3D + +**Mottos worth quoting** + +"We are HODL" + +"Financial freedom for all" + +"Strength, Unity, Resistance" + +"Passive income made easy" +From what I understand so far, scalping is fundamentally different to day trading ... you're doing quick entries and exits and so don't have the luxury to sit on the 1h chart and slowly enter your TP and SL, set and forget ... no watching, no emotions ... you come back later and see if your strategy worked out. + +I am playing with a system that so far has been giving me wins consistently, but the average trade time is about a minute and the volatility during that time is crazy ... if I followed the default advice of 1:3 set loss to profit ratio, it'd be gambling, hitting the SL too many times to retain the consistency I'm currently experiencing. So I push the SL further away ... and my heart rate goes crazy during those few minutes the action is happening. + +My data shows my strategy works (I'm taking smaller bites, but more opportunities), but I'm unable to do it without fear, which long term isn't healthy. What is your advice for my particular situation? +Today while trading SXTC I got in at the bell at 2.21 and proceeded to watch the market drop below pre market. As unfortunate as this loss was a few things to learn. +1. Never trade at the bell +2. Never rush into a trade +3. Hold strong to your strategy +That’s all I wish you all the best! +I don't see this spoken often enough so I'll say it myself - **two** important things you must know: + +# If the video came out, it's too late to follow in the creator's footsteps + +That video about a newly developed, unknown, guaranteed, Teenage Mutant Ninja Turtles strategy **will not bring you money.** That person is there for views with which he will make even more money - he sure as hell is not about to give everyone a state of the art technique. Moreover, he probably doesn't even know such a technique but got lucky. + +# If no video was released and you're in some "elitist" circle you pay a fee to be in, you still won't get the technique + +I've seen this a million times. Investors claiming that for $10 per month, they'll give you their Snapchat on which they post "advice" on how to get rich. You must understand that whatever happens, no matter how much you pay them, **NOBODY** will ever give you their investing strategy. + +***RICH PEOPLE DON'T PLAN ON MAKING YOU RICH.*** + +What you can do, however, is read, read, read, get a better understanding about Crypto, read some more and develop your own knowledge without being biased from people profiting off your back. I should also mention that you shouldn't forget to **R E A D**. +I'm just so tired of the endless grind of never quite having enough money, of robbing Peter to pay Paul. + +I don't know what else to do. I've sold all the possessions I have that could conceivably be worth something, I've cut down all my bills where possible, and I shop for groceries in the reduced sections where I can. I work as much as possible, I do the beermoney sites when I can get qualified for surveys, but it feels like I never have enough. I'm always one crisis away from total failure, and the crisis doesn't even have to be a big one. + +I'm already trying to juggle money this week, borrowing from next payday, but that just leaves me out of pocket next payday too. I'm having to decide between electricity, prescriptions, and food, and it sucks. + +It's so tiring to keep on like this, over and over, and feel like there's no light at the end of the tunnel. I don't know what to do. I'm sorry for the pointless venting, I just needed to talk to people who maybe understood how much never having quite enough can grind you down. Most of the other people in my life have never been properly poor, and they seem to think that budgeting and bootstraps will work every time. +Throwaway + + So I am 28 years old and have a wife and 2 young children, I have had a bad stroke of luck in the past year and basically, I made 20k last year yet I have 3800 per month in bills. Somehow, we made it here, but now I'm at the end and out of ideas, as of about 2 weeks ago I am unemployed and currently have zero income due to an impending legal battle with my previous employer who failed to pay me this months pay check which would have been my final. Without that check I now have about $1000 to my name and about $3800 worth of bills to pay. My credit cards are all almost maxed out, and so are my wife's. The mortgage of $1400 is due in two weeks, and we are running low on food. I don't know what to do and need some advice. The only things of real value I have to sell are my motorcycle (no title due to dmv fuck up, and its not worth much anyways as its over 20 years old), My truck which I'll need for when I begin working again, my wifes car, which currently has $4,500 left on the loan and is worth about $9,000 but is the only vehicle that can transport both of my kids, and lastly my house. The house we purchased for a little over $200,000 a few years ago, and is now worth over $300,000, so we have some equity there, but everywhere I look other than moving to another state far away from family will end up costing me more per month that what I currently pay. That's whether I buy another house, or rent. And really buying isn't an option with my income lately as I wouldn't be approved. My credit is still very good in the high 700's, but I have no savings left, no retirement and nothing else left to fall back on, as it was all used up this past year. I am out of ideas, and would like some, if any advice. + +Edit: there's been an overwhelming amount of great responses, I thank you all for that. Sometimes from inside a storm it's hard to see how simple it really is to get out of it. Not saying simple means easy, but getting the outside view has been immensely helpful. Thank you all! The truth and hard realization is that I'm here because I allowed myself to be crippled by the stress and anxiety of my situation for the past few years. I sat and didn't act when I should have on multiple occasions. I am determined to change that, and to give 100% effort in getting out of this mess. I wish I could read all of the comments but there have been so many I don't know if I even can at this point. Thank you kind folks of reddit, from my whole family. +How dare you lie to them where your money is coming from! + +Many major banks banned Crypto transactions. + +###"We just want to protect you" + +For decades, banks never once gave a shit if you sold off your families home to fomo into March Madness. + +They never had a problem with you swiping your card for $100K in chips at a casino, lose, then jump off the casino roof.... On Christmas. + +They never protected you because it's your choice what to do with your money. That's what it comes down to. + +They are lying to everyone when they say, "*they are blocking crypto because they are protecting you*" + +That s a load of garbage. They are protecting themselves. They hate independence, because they want control. + +Note: these Banks also have no problem laundering money from a illegal offshore gambling tycoons, and drug cartels +Twenty-one days ago, the great pioneer ape, u/youniversawme, laid out the framework to direct register IRA shares. I followed their process to a T, copying their letter and email verbatim. I also used Ally Bank as my custodian. The process took 11 days from start to finish, but less than an hour of personal time. My IRA shares are now direct registered in my name with Ally serving as custodian. + +https://preview.redd.it/g0d4z26ecez71.jpg?width=480&format=pjpg&auto=webp&s=b850c1c43a35549aeb1d6a32fc6a053f30ccbcdc + +This is the process I followed: + +[https://www.reddit.com/r/Superstonk/comments/qe6wfu/drs\_my\_ira\_shares\_yes\_i\_believe\_i\_did/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qe6wfu/drs_my_ira_shares_yes_i_believe_i_did/?utm_source=share&utm_medium=web2x&context=3) + +Another ape reported an IRA transfer yesterday: + +[https://www.reddit.com/r/Superstonk/comments/qsk4mk/ira\_transfer\_confirmed\_ape\_819xxx\_reporting\_for/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qsk4mk/ira_transfer_confirmed_ape_819xxx_reporting_for/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**Additional Information** (thank you, u/youniversawme): + +When I noticed my shares were gone from Ally for my IRA, I went to Computershare’s website and rather than login, chose the Not a Member: ‘register now’ below the login button, then searched using my SS#, verified my identity online and then could login to see my new IRA shares, separately from my others. + +Important: You have to set up an entirely new username and password with Computershare, since it’s an entirely different account type from cash shares and they do not link them to one user like other brokers do. So I have 2 different logins at CS, one for cash transfers/ direct buys and one for my IRA. +-Get a good night’s sleep tonight. + +-Wake up early (unless you’re using RH as your broker in that case you’re a dumbass, but you shall still wake up early and get them shots going). + +-Eat breakfast, have a Whiskey/Vodka/Rum/Becherovka/Tequila shot with it. + +-Don’t be shy, keep drinking, enjoy, life is short. + +-Remember, opportunities like this don’t come very often, and when they do, you fucking go for it. + +-Average up when the time is right. + +-No fucking pussyhands, we could be making history here, be fucking brave, **remember you’re gambling with money you can afford to lose here** (unless you’re an absolute retard, in that case do whatever). + +-It’s ok to sell parts of your position but **don’t be a dick traitor** selling all them shares at once for a 10% profit, this ain’t some pharma stock garbage here, this is a life changing investment opportunity, you wouldn’t be able to forgive yourself if you let that profit slip away from your rat like claws. + +-If you’re scared, anxious and getting that “squeaky bum time” feeling in your arse and stomach, drink more. + +-Forget your gay ass little stop losses, set limit sells and set these bitches high, no stupid ass 🌈bear in his right mind would be even thinking about shorting this tomorrow, the path is well clear. + +-Hate to be that guy, but not every single one of us will come back in one piece when shit hits the fan, no one is safe, most will make some serious bank, but some will be left holding bags, possibly for ever, some will go bankrupt but that’s ok too, because you all are a part of history, for fucking ever, therefore you shall play with complete disregard to your well being. + +-If you’re selling for a 10%-20% profits, your penis is tiny. + +LETS FUCKING GET IT TO $50. + +FUCK THE WORLD AND MAY THE GODS BLESS OUR STOCK. +# Why buy AMC? + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +1.) COVID vaccine rollout has started, and we will be able to attend movies soon. The Biden Administration (sorry for getting political, just pls keep reading) has an ambitious plan (100 million vaccines in 100 days or whatever the fuck) and this pandemic is almost over. I’d give it until the end of the year. + +2.) **Most** [**AMC**](https://www.chicagotribune.com/entertainment/movies/ct-ent-movie-theaters-reopening-0123-2021) **theatres** [**are open**](https://www.amctheatres.com/amc-safe-and-clean#locations) or they are planning to open soon with social distancing and mask measures in place. They will shut down the food services and concessions, but they are coming back. + +3.) **Consumers have a sentimental connection to movies. They will come back**. People are starved for the outside world and will come out in massive hordes to watch movies. People will go out and see movies, take their kids, go on dates, etc. Nothing can replicate the experience of a giant screen and surround audio. + +4.) This major influx of blue balled movie goers will cause a major boost in 2021. Then we will see a continuation of the year over year growth we have been seeing since 2012. + +5.) The AMC business model is working. The revenue has steadily increased since 2012 year over year. [**In 2012, they made $811 million. In 2019, they made $5.47 billion.**](https://www.statista.com/statistics/206959/revenue-of-amc-theatres/) There has been a steady rise. **THEY ARE NOT IN DECLINE.** + +6.) I understand they have many loans, but it is something that can be paid off in a few years with the help of their parent company, Wanda Entertainment, and increased profits in 2021. + +7.) They will not go bankrupt. WANDA entertainment, a Chinese company owns the plurality share (20%) and will bail them out if it is necessary. They bought for $2.6 billion in 2012, and have seen a ROI, scoring $2.7 billion in 2013, the year immediately after their purchase. AMC is too good of an asset for Wanda to lose them. Also, AMC can take advantage of new stimulus and other government assistance programs. + +8.) It’s extremely cheap right now because everybody is shorting, and there’s a pandemic. Corona is only temporary. Everybody thought GameStop was going to go under, until we showed them. Remember that. + +9.) If there is interest or heightened trading in the stock, AMC can dilute shares and sell them to help finance operations and pay debt, using stock sales as leverage. AMC just did this today, and they can do it again if needed. + +10.) AMC will not go bankrupt, not only because of the potential Wanda bailout, but [**they also raised $917 million today. They have enough runway to stay operational the end of the year. "Bankruptcy is off the table for now."**](https://www.cnbc.com/video/2021/01/25/amc-ceo-adam-aron-on-917m-financing.html) (We should be able to return to theatres by then.) A slight majority of this new liquidity comes from issuing new shares, as described in 9. They are also planning to do debt/equity swaps, so those who take out debt can hold shares in the company, and AMC won't get fucked over by high loan payments. + +11.) [**AMC is about 70% shorted**](https://www.highshortinterest.com/)**, there is much potential to cause a squeeze**. However, there are still many more reasons to invest in AMC beyond a simple short squeeze. + +12.) AMC does very well when it is not pandemic. $5.4 billion in revenue last year, and there will be many movies, as well as many moviegoers that come out after the pandemic. Especially with major franchise movies, which have been delayed. They [have also reached a deal with Universal, which allows Universal to do home releases earlier, but stipulates they must be in theatres for 17 days before that.](https://variety.com/2020/film/news/universal-amc-deal-theaters-pandemic-1234801134/) + +13.) AMC is only $12 a share right now... Even if it loses, you’re only going to lose a bit. Meanwhile, the ceiling is high, and there is much potential. If you want in, do it now while it's cheap. People keep talking about how dumb it is to buy during the pandemic, but this is the point of largest potential. Don't wait for the recovery to buy. + +14.) AMC used to trade at $10 before the pandemic. Let’s keep it at its former glory. AMC deserved a $1bn market cap and they got one. They will probably hit $20 tomorrow (predicting $25 by Feb1, peak in summer with COVID all done.). + +15.) Even though the Net income is negative and they lose money, it consistently stays in the hundred thousands range, and it does not lose that much. Any autist on here from GME could pay the difference. [**AMC has also increased gross profits year over year, from 2,004,200 in 2016, to 3,493,200.**](https://www.nasdaq.com/market-activity/stocks/amc) + +*(The rest of these bullet points are just jokes, so feel free to skip if you want.)* + +16.) Without AMC there’s no place to spend my AMC points, and there better be a place for me to spend those points because I invested my entire life savings into those damn AMC stubs. + +17.) Going to the movies was my childhood. We must save my childhood. DO NOT LET AMC DIE. Save AMC. + +18.) You can take ur wife and her bf to the movies when this is over. + +19.) The AMC food court literally sells tendies. (But we should call AMC tendies popcorns instead.) + +20.) **STONCCS only go up.** + +21.) you guys are all retard who cannot think for themselves and will do whatever is echoed in this fucking internet cave. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +TL;DR : AMC has done a great job with fundraising and can survive until the end of the year. Vaccine rollout has started, and recovery is coming soon. People are due to return to movies. About 70% of shares are shorted, so we can potentially trigger a squeeze. + +# Pandemic recovery & squeeze combo. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Buy AMC. Or don’t. Your choice.** + +**If you’re with us, let's save the movies. I hope you like popcorn. Get on the rocket, because you're going to the moon.** + +**If you don’t, then bye bye, I wish you the best.** + +"The sun is shining on AMC." - [Adam Aron](https://www.businesswire.com/news/home/20210125005273/en/AMC-Raises-917-Million-of-Fresh-Investment-Capital-Since-Mid-December-of-2020) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Sources Cited: + +[https://www.chicagotribune.com/entertainment/movies/ct-ent-movie-theaters-reopening-0123-2021](https://www.chicagotribune.com/entertainment/movies/ct-ent-movie-theaters-reopening-0123-20210122-smgxbbkwcbcpdhcbjm2i5ariri-story.html) + +[https://www.amctheatres.com/amc-safe-and-clean#locations](https://www.amctheatres.com/amc-safe-and-clean#locations) + +[https://www.statista.com/statistics/206959/revenue-of-amc-theatres/](https://www.statista.com/statistics/206959/revenue-of-amc-theatres/) + +[https://www.cnbc.com/video/2021/01/25/amc-ceo-adam-aron-on-917m-financing.html](https://www.cnbc.com/video/2021/01/25/amc-ceo-adam-aron-on-917m-financing.html) + +[https://www.highshortinterest.com/](https://www.highshortinterest.com/) + +[https://variety.com/2020/film/news/universal-amc-deal-theaters-pandemic-1234801134/](https://variety.com/2020/film/news/universal-amc-deal-theaters-pandemic-1234801134/) + +[https://www.nasdaq.com/market-activity/stocks/amc](https://www.nasdaq.com/market-activity/stocks/amc) + +[https://www.businesswire.com/news/home/20210125005273/en/AMC-Raises-917-Million-of-Fresh-Investment-Capital-Since-Mid-December-of-2020](https://www.businesswire.com/news/home/20210125005273/en/AMC-Raises-917-Million-of-Fresh-Investment-Capital-Since-Mid-December-of-2020) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Portfolio disclosure: I own 200 shares of AMC long currently. + +The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. Invest at your own risk, and understand that you may lose money. These are just my thoughts, make your own decisions, and do your own research. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**EDIT: the autobot seriously out here banning me for talking AMC smh. It was fucking worth it.Well, if i can't comment, I will let you know that I am with you AMC army retards with my upvotes and awards.** + +# EDIT 2: GODDAMN I REALLY WANT TO REPLY TO SOME OF THIS SHIT BUT I CANT + +EDIT 3: for the retards buying calls, **BUY SHARES**, not calls. + +# EDIT 4: for those of you who can't understand English, what i'm trying to say is + +# $AMC🚀🚀🚀 + +translation. + +# EDIT 5: ONCE AGAIN, BUY SHARES NOT CALLS. NOT DIFFICULT. also i've realized that most of you are buying because i said "short squeeze one time". this isn't over, this is going far beyond the squeeze. diamond hands until COVID ends. + +#EDIT 6: $5 END OF DAY LETS GO LETS GO LETS GO OPEN THE FUCKING WALLET + +#EDIT 7: DONT BE A PAPERHANDS BITCH! GO BUY THE DIP! You’ll need some dip for your tendies, there are no stops on the way to the moon. (You’ll have to piss in a bucket) + +#EDIT 8: updated price targets on AMC, updated portfolio disclosure, and now a reason 21. + +#EDIT 9: there will not be a dip. Go buy it now to fuel the rocket. It’s not too late. If there is a dip, take advantage to expand your holding in AMC + +#EDIT 10: (because I’m a greedy bitch): if you feel like supporting me, you can either + +#1.) buy amc shares. + +OR + +#2.) make a direct donation to me. My wallet is: + 0x86c4e867c9E5b72872a505d2ae1F24312E3b73c8 +You can send me any coins, but Ether/Etheruem is preferred. + +##EDIT 11: i have a [twitter now.](https://twitter.com/time_has_odor) + +##EDIT 12: HOLY SHIT I'M UNBANNED, TIME TO REPLY! + +##EDIT 13: making price adjustments to keep this relevant. + +##EDIT 14: keeping it relevant + +##EDIT 15: reminder: it’s buy o clock. You best not sell. HOLD THE LINE. We’re heading to the moon, no matter what these robberhood shittertons or hedge funds say. We fell because we were locked out of purchasing. We will return to normal. DONT SURRENDER NOW. HOLD THE LINE. HOLD THE STONK. + +#EDIT 16: [ROUND II DD is out now](https://www.reddit.com/r/wallstreetbets/comments/nvkuc0/amcapes_dd_round_2_buy_the_dip/) +I’ve seen in the news that there are risks to pensions from the recent BoE intervention. Can anyone ELI5 what is happening - does this affect state or private pensions? I have private work place pensions and also a (small) NHS pension, should I be worried? Or is this only an issue for people planning to access their pensions soon? I am probably 20-25 years away from retirement (unfortunately!). Thanks +When the world is burning around you, when chaos reigns supreme, when your family and friends look at you funny, when your dog/cat/possum follows you as you pace the house between charting, when you look across to your wife's side of the bed at night because you cant sleep to see if her boyfriend is awake, when you see the countless hit pieces flung about like dollars shooting out of some rappers rubberband at a strip club, when you think it is all about to end for you and this cause... remember. + +It's always darkest before the light. The time will come where we will hold hands in front of a burning Wendy's and say... + +"You met me at a very strange time in my life." + +Hold. The. Fucking. Line. +Hey AusFinance, + +I've recently set up a Pty Ltd company for a new venture and my business partner us US based. We've gone through all of the tax implications with our accountant and lawyer and we're happy with the structure and the entity has now been set up. + +The trouble I'm having now is that I can't get a bank account set up due to the other director being a non-resident of Australia. I'm aware that I need to meet ID requirements and my business partner may be able to fly out to go to a branch and sort everything out in that regard. + +But the sticking point seems to be that my business partner is a non-resident. + +Are there certain banks that specialise in these situations? Has anyone gone through this scenario and if so, could you offer some guidance on how to navigate this situation? +I recently started researching my retirement age, and found a great site: http://www.budgetsaresexy.com/2015/02/early-retirement-fi-spreadsheet/ + +Then I proceeded to read some other articles, because a lot of people I know do not save. For example my Mom and a few other family members have absolutely no retirement savings at all! Then found this article, below from Bloomberg and around ~50% of people fall into this category..startling + +http://www.bloomberg.com/news/articles/2015-03-12/the-retirement-savings-gap-between-haves-and-have-nots-is-getting-bigger + +Then, I went a bit further, because site 1 (budgets are sexy) doesn't include an SS contribution. I went to the SS site to perfom a simple calculation http://www.ssa.gov/cgi-bin/benefit6.cgi I used 1978 birth year 36 years old, with a 50k a year salary and due to retire in 2035 and I get a whopping total SS of $1200 a month. + +I know there is someone here, who will try to correct my math, or the spreadsheets above....but my real question is what really happens to these people? If 50% of the population doesn't have a 401k, we can maybe assume they also don't own a home. I mean, we can't put people at age 62 into nursing homes right? Where do they all go? And, who will support them? +Hi UKPF, all 50,000 of you! + +Some of the old-timers here might remember the days the subreddit was sub-10,000 members, and I used to do a regular “meta” post asking what people wanted from the sub. Since then, subscriber numbers have grown and I’ve got busier elsewhere and the mod-team has grown, and everyone has mostly seemed pretty OK with how things are going. + +But of course, we don’t know what we don’t know! + +**Onto business…** + +The mods have received a request from a large fintech provider, asking if they can host an AMA with their CEO on the subreddit. This isn’t the first such request we’ve had, but we’ve never got it together to organise in the past. The New Year and the 50,000 subscriber mark strikes me as a good opportunity to put this out to the members – is this the sort of content you want? + +To provide some context, I tried to arrange an AMA schedule 2 years ago, and a few members provided AMAs from the perspective of different financial professions (I was one of them). This was done on the strict condition of anonymity, which I believe is in the spirit of this subreddit, as we’re pretty ardently anti-low-effort-self-promotion. + +The overarching Reddit guidance is "it's ok to be a redditor with a business, it's not ok to be a business with a reddit account", and in the past I’ve felt that corporate AMAs fall into the latter, but I appreciate that may just be my own bias speaking. + +**edit:** To be clear, the AMA would not be anonymous, as I don't think it would work in that format. + +Strawpoll here: https://www.strawpoll.me/17165779 + +Please provide your views and reasoning in this thread. Also feel free to air any other gripes/feedback you have for the subreddit – the more the merrier. + + + +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. + +First, the article from CNN: [How to talk about money with friends (without losing friends](http://money.cnn.com/2017/08/14/pf/friends-talking-about-money/index.html?iid=ob_homepage_deskrecommended_pool) + +I'm pretty uncomfortable with asking or answering personal financial questions, but maybe it's time to get over it. Do you think it's useful to have these discussions with family and friends? +Long time lurker made an account to post. Wanted to know if you guys have ever taken job-counter offers in helping you reach fatFire? My situation below: + +Live in the UK (MCOL compared to US) and want to keep living here, (used 1.2 GPBUSD exchange rate for simplicity) + +Couple in late 20s early 30s with young baby. I earn $400k she earns $100k (but she in relaxed job 4day week fully from home) both in traditional law/consulting/finance. Marginal tax rate is 47% on higher earnings. + +$4m Joint NW breakdown: + +\-$2m Primary residence (700k mortgage) + +\- $1m Apartment rented out ($3k per month rent, $300k low interest mortgage) + +\-$1m Foreign holiday home (inherited, wouldn't sell/rent out) + +\- $500k in a 401k equivalent + +\-$200k index tracker funds + +\-$300k cash (waiting for more market sell off) + +Got a job offer for $550k handed in my notice to go to bigger competitor, being countered $750k (said I would be getting this anyway in the next pay run) . I think I would be happy working at either place. Forward projection should be good at either, but hard to say which is better. + +Aim is to fatFire in next 10 years ideally, but also want another child and $3m house. +I'm interested in donating more and am wondering, for those of you who donate, what criteria/method/organizations do you donate to? + +I'm intrigued by companies like givewell to most effectively use money to help the most amount of lives, but I also feel like I would want to use my skillsets to be involved a bit more. I'd be interested in being a board member or setting up a trust to set up regular contributions, but don't want to offer unsolicited advice just for my own ego. (I really would like to contribute my skillsets in some way, mentorship or decisionmaking in my areas of experience). + +What's your criteria for donating or how do you choose where to give your money? Any organizations that you can recommend? +So been reading this subreddit for awhile along with other investment subreddits and forums. It seems like most advice is put all your money into VTI, VTWAX, VOO, VFINAX, etc. + +I hit an IPO from an angel investment and I put a chunk into RE, some into alternative assets/angel investments, then I gave about 5M to one of the larger asset managers. I have been terrible at picking stocks and had not researched index/ETF much at the time so I just thought hey these people know better then I and I need to invest it quick so here you go. Life's been busy, kids, work, family, sickness, etc. so it's been there for 3 years now. All they do is invest in stocks/bonds. 80/20 stocks to bonds (my risk tolerance) and have netted about a 15% cumulative return after fees over the last thee years. I interviewed some groups of Deutsche and UBS who do just a dozen equities but this company does 50-100+ equites in my portfolio. I get a few perks like good margin loans and nice CC with cash back but not much. If it helps I'm early 40's. + +Is this route bad always vs. investing in the aforementioned options? I guess I would need to get my CPA to show me an analysis on their investment returns vs. those indexes. I do feel a bit lost as in depth analysis is not my skill. I reached out to some financial advisors mentioned by some friends and some at Long Angle asking if they would do consulting to just help me navigate things and they didn't seem interested. Struggling to find a financial advisor that will act more like a consultant, most just seem to want to invest your money for you. +As I move towards FI, I'd love to move from a full-time position to part-time work. Ideally, the transition to part-time employment could most easily be made internally within your current employer - you have tribal knowledge, your current employer takes advantage of your (most likely) vast experience, and allows your employer to find the next generation of employees for them but not rush to do it. + +&#x200B; + +For the FI-er, you get the benefit of a reduced (but not eliminated) workload, ideally still keep company healthcare benefits, and free up time to plan your future adventures. + +&#x200B; + +Has anyone had "the talk" with their employer? How did it go? If it worked, was it a successful transition for you? If it didn't work, did you just put the first nail in your coffin at the employer? + +&#x200B; + +I'd love to hear some stories! +In the coin world that b word is currently down 71% off its high as of the time of this post at $19,000 and some from that realm feel it will rebound to its high. + +Im wondering if r/stocks has stocks they feel similar about that will rebound that are down over 70%. In the past people pointed to Amazon in the dot com bubble if only you bought. So what are some names you think are like that right now? +I have £650 a month leftover after paying rent, bills, therapy, loan repayment & CC payments. + +I ideally want to have £500 a month saved, which gives me a budget of £150 to spend on food & travel. I'm planning to cycle in to work so I'll spend next to nothing on travel - so this leaves £150 for food only. + +Does anyone have any tips/resources you can offer so I can meet this target? + +Any books you recommend on budgeting, any Youtube channels or blogs? Where should I be shopping for food? +At the moment I only invest in one index fund, ( vanguard global all cap) is that enough or should I invest in more? If so which funds go well with the global all cap? +My smooth-brained thinking: +Gabe Plotkin is no friend of mine, but I think he may have handed me some major gift-wrapped confirmation with his intent to restart the short-machine in a new fund. Idiot. + + +If you were Plotkin and you KNEW shit was going down, and you KNEW that any day now could be our ATH for the near future before the next colossal global dip, wouldn't it make sense to start up a new short machine now, as soon as possible? + +My reasoning tells me that if Plotkin thinks there is money to be made here, (enough to warrant going through all of this), then doesn't that at least suggest that our whole market plunging deep into the red is... inevitable? + + +SO, dude knows the ship is sinking, and he just silently told all of us it's sinking by showing his intent to continue massive shorting. + +NFA + +EDIT: Rule 3 +About me: Male, 27, current income £35k, current pension pot £8k increasing by about £200 per month (Combined employer and employee contributions) + +I've been thinking of increasing my pension contributions so decided to check how much money i'll get at retirement. Using the moneyadviceservice pension calculator, if i retire at 60 i will get less than £4k a year. No where near enough to live off. At 68 with the state pension this increases to £12k a year. Still not enough to live off + +If I increase the contribution to around £500 a month - at 60 its £8.5k and 68 is £16k. Still not enough. + +If I increase to about £1000 per month - at 60 its £17k and 68 is £22.5k a year, probably enough to live off. + +I dont know if im missing something but saving £1000 every month for the next 41 years to just have enough to live off is incredibly depressing. My parents both retired before 60 and I know they didnt put £1k each into their pensions every month for 40 years. + +It seems like if i want to retire before 68 i've got to make some major sacrifices and put away a huge portion of my income. Am I missing something? +After Dec 13th, S&P 500 crashed by 5.3% roughly. I have read the FOMC announcements and there were only two pieces of information that were shocking: + + +1. Fed doesn't look like they are going to slash the rates next year. But weren't they always saying this? +2. Fed's members seem to be aiming a target rate of 5.125% up from 4.6% in Sept. Is a 0.5% rate hike really that bad? We always had interest rates around 4% to 5% up until the 2008 crash. Things are just going back to normal. Were people really expecting rates to remain low forever and Fed to keep pumping money in forever? + + +Is a 0.5% additional hike in rates *that* bad? That's about 100$ additional payment on a 30 year mortgage of a house that costs 350K roughly. For companies that need to borrow money. I don't know if it's really that bad for them. + + +All in all, I feel the way markets reacted was a bit of an overreaction. What do you guys think? +The startup I (38 m) cofounded recently got acquired. + +The last 5 years were hard as fuck. I've had month-long stretches of 60-100 h workweeks, managed a burnout, danced with depression... It's been a fucked-up rollercoaster ride. I've had a few crunches where I stayed at the office working non-stop for 40 hours straight. My mental health took a beating. + +That being said, my role in the company has diminished and over the last year as I somehow managed to stop being on any critical path. The company has hired great people and good leadership. I can now focus on projects I kind of enjoy doing, with a lot less pressure. I've been working 20-30-40 hours for the last 6 months. It's a radical change of pace for me. + +My SO also got pregnant and we're expecting our first child in a few months. With the sale of the business, I was expecting to have to keep working for 24-36 months but somehow it appears that I'm free to resign. + +I received 7m (pre-tax) for my shares. I'm also expecting 750k+ in next 24 months (\~500k escrow release + earn-out bonus between 250k to 1m). I'm expecting to pay \~2m in capital gain tax this year. + +I'm currently living in a LCOL area. + +* Currently earn \~100K +* My SO (now on parental leave) \~50K +* Yearly expense \~80K + +I plan to keep working until delivery, but then, I'm not sure. I expect the newborn to be a ton of work. Current plan is for my SO will take at least 1 year off. I might just go on leave for 3 months and reassess? It sort of scares me to leave my job to be honest. I fear being home with my SO and a newborn might be hard on morale after 6-12 months? + +Financially, I currently I sit 100% cash. I want to enter the markets and I'm looking at DCA'ing over the next 6-12 months, but this is really stressful. I managed to find active management at a local bank that will manage my money at very advantageous AUM rate (via an UHNW investor in our startup), but I'm afraid we enter a bear market just as I invest. I'm looking at 75/25 stock/bond split right now. + +Any advice on a) when to fire, b) when to invest, or anything else? +I read a post over in /r/science about the cost of cancer treatment in the US + +&#x200B; + +**Cancer is so expensive to treat that 42% of patients deplete their entire life's assets to afford treatment within the first 2 years, according to a new study.** [Link to thread](https://www.reddit.com/r/science/comments/9nd1i7/cancer_is_so_expensive_to_treat_that_42_of/) **and link to** [original study](https://www.amjmed.com/article/S0002-9343(18)30509-6/fulltext)**.** + +&#x200B; + +According to Table 1, only 7.9% of people in study were uninsured. In Table 3 and 4 they estimate net worth changes for 2 and 4 years of treatment -$221,082, and −$438,634 respectively. + +&#x200B; + +I'm curious what people's thoughts are on this ... with a spouse, family, and parents the chance of needing to help (or cover my own costs) are real. It is also real evidence that leanfire or even regular fire may not cover the medical costs of getting cancer in lifetime, which is actually a 1 in 3 risk in the US. I'm inclined to save an extra million at least for events like these, or just keep working part time at least... curious on other thoughts / reactions. + +&#x200B; + +&#x200B; +Hey everyone, mid-2016 I started taking my personal finances more seriously. In the past 6 months I've paid off around $5,000 in credit card debt, I have $2,000 left (should be paid off by May). Once that's out of the way I'm going to start attack my student loan debt which looks something like this: + +Private - $65,000 (@30 years) +Federal - $30,000 (@ 25 years) +Parent Plus - $8,000 (@ 10 years) + +I'm planning to attack them in that order and keeping them separated though I may consolidate the private loans as my reduced interest period is ending. + +**My question** to you is would it make sense for me to build up a healthy emergency fund first? + +Right now I have $6,500 in a savings account, and an extra $3,000 in my checking (it could be moved to the savings, but I'm moving it over slowly). If I lost my job tomorrow my monthly expenses could be cut down to $3,000 ($1,750 is rent) so my target savings for my emergency fund is $18,000. I should be able to put between $1,400 and $2,000 per month into the emergency fund so I think before the end of 2017 I would be able to support 6 months of expenses. + +It will likely take me 5 years to fully pay off my student debt so I don't know if it really makes sense having a partial emergency fund available for that many years, especially since I will most likely be moving across the country in 3 or 4 years. + +Thanks in advance for the input! +I have some stock in Disney and have been writing covered calls to make some passive income along the way. I was looking at the options for Jan 2021 and Jan 2022. $100 strike are only 36 and 40 bucks a piece. Just wanting some thoughts on these prices because they seem pretty cheap for that much time and that close to the current strike. +Basically I want to be able to use a Take Profit order and a Stop Loss order at the same time. I currently use Fidelity which has this option when trading regular stocks but not for options. +i see lots of post of a bull trap. Saying that they will surge to dump it again. BEWARE! Dont day trade and dont try to time the dump you will be playing yourself and that is part of hedgefks strategy. HODL is the only way HODL means HODL ALL THE TIME. +Recently released financials from Intel disappointed investors. The figures turned out to be much worse than expected and the share price flew down. When the share price falls, the dividend yield naturally rises. But the question sharply arises - "can the company continue to pay and increase its dividend payments". + + I use 3 groups of indicators to determine the financial stability of a company: Liquidity, Financial stability and Profitability Ratios. + +Liquidity: + +Cash Ratio = Cash + Cash Equivalents ÷ Current Liabilities, must be > 0,2 + +Quick Ratio = Cash + Cash Equivalents + Short-term Investments + Accounts Receivable ÷ Current Liabilities, must be > 1,0 + +Current Ratio = Current Assets ÷ Current Liabilities, must be > 2,0 + +**According to the latest reports, Intel is on the borderline of liquidity and starts running out of money (FCF TTM -1 522 also tells it):** + +Cash Ratio = 0,16 **< 0,2** + +Quick Ratio = 0,99 **< 1.0** + +Current Ratio = 1,85 **< 2,0** + +&#x200B; + +Financial stability: + +Equity Ratio = Total Equity ÷ Total Assets, must be > 0,4 + +Debt Ratio = Total Liabilities ÷ Total Assets, must be < 0,6 + +Debt to Equity = Total Liabilities ÷ Total Equity, must be 0,4 - 1,0, but < 1,5 + +Interest coverage ratio = EBIT ÷ Interest Expenses, must be > 1,5 + +**Intel is financially stable and able to pay current dividend levels in the near future** + +Equity Ratio = 0.59 > 0,4 + +Debt Ratio = 0,4 < 0,6 + +Debt to Equity = 0,68 + +Interest coverage ratio = 17,3 + +&#x200B; + +Profitability: + +Gross Profit Margin % = Gross Profit ÷ Revenue + +Operating Profit Margin % = Operating Profit ÷ Revenue + +Net Profit Margin % = Net Income ÷ Revenue + +ROA (Return on Assets) = Net Income ÷ Total Assets + +ROE (Return on Equity) = Net Income ÷ Average Shareholder’s Equity + +Profitability ratios should be compared with other companies in the sector in order to determine the place among competitors, here the numbers for Intel - AMD - Nvidia (because you like to compare them): + +Gross Profit Margin = 49,8% > 48,5% < 65,25% + +Operating Profit Margin = 18,8% < 20,8% < 33,6% + +Net Profit Margin = 26% > 17,9% < 32% + +ROA = 11,2% > 5% < 31,9% + +ROE = 19,4% > 10,8% < 35,7% + +Nvidia beats all, but Intel looks also good. + +&#x200B; + +I have a position at Intel since 2018 and do not plan to get rid of it yet. But the first bells for this decision are already there. +I'd been sitting on this cash (inheritance) and wanted to get it in the market. I put it about 60/40 into Vanguard Total US (VTSAX) and Total International (VTIAX). Everyone seemed so enthusiastic about Greece on Friday, but since then things have turned south fast. Did I make the wrong call? + +**Morning Edit:** looks like things are looking up now that Greece got a deal. Thank you all for getting me through the night! No doubt my anxiety is only 1/1000 that of the average Greek going through (probably unnecessary) hell thanks to austerity, but that's for another post. So, thanks again! +Edit: I am not trying to spread FUD about any particular broker, TDA, Fidelity, Compu, or anything. I am encouraging you to do research yourself, and diversify brokers. You literally cannot go wrong if you diversify, or get shares in your own name + +As the months go on, and new information is learned, there has always been buy and hold (and vote when applicable). BUT, there is one more that doesn't get talked about as often, that I believe is just as important. + +STOP. WAIT. THINK. + +DON'T DO ANYTHING IN HASTE + +From the beginning, a well established mantra has been don't do anything in a hurry. Anything telling you to MOVE YOUR SHARES NOW or QUICKLY, YOU HAVE TO DO THIS RIGHT NOW, + +Is FUD, or at the very least, not that big of an emergency. + +As we approach the MOASS, sneakier forms of FUD will tempt us. + +You've waited this long, theres probably no need to rush something RIGHT NOW. + +Trust the DD, wait about 4 hours for things to be verified, and don't make rash decisions. + +I dont know jack shit about Ameritrade, Fidelity, compushare or whatnot. What I DO know, is it's ok to take things slowly. It's ok to think and wait a bit. It's the weekend, take the time to relax, and don't let anyone think you need to do something right now. + +(Except for that poor lad from UK who was in buttfuck nowhere and got screwed by their broker) +Hello, I am 22 years old with a bachelors degree in Information Technology, graduated July 2017. I have been working full-time as a Network Technician for my local school Board of Education since the end of June. I make roughly $36k a year, so **$2,182** is deposited into my bank account once per month. I have no debt of any kind and am living at home where my only expenses are gas for my truck and my credit card. + +In January, I spoke with the **VALIC** representative at my school board's office and he helped me set up a **457(b) Deferred Compensation Plan**. I decided to deposit $500 a month into the account(s?), starting February payday. *No money has been deposited yet.* + +https://imgur.com/a/dOSCD + +Honestly, I just want to know if that's a good move or if I should cancel those accounts and open something else somewhere else and how much I should invest. + +I will be living at home until at least June. so I can probably save another $5-10k. + +**More Info:** + +I originally planned on staying at this job for a year and then moving on to something bigger and better. However, I may stay another year if that matters. Not sure yet. I'd like to find a better paying, more career advancing job somewhere that isn't my hometown. + +Other random financial question: + +I was considering buying a new (used) Honda Civic for around $10k because my current vehicle (early 2000's F-150) only gets roughly 11 MPG. I spend around $200 a month on gas and in the past few months there have been several issues, such a leak, new tires, etc. However, I did some rough calculations and it seems that continuing to drive my truck would be cheaper than having a car payment + insurance (which I would have to start paying for since it'd be in my name) even with the substantial gas savings. If anyone has thoughts on that, feel free to let me know. + +Thank you to anyone who can help! + +**~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~** + +**EDIT:** Wow, I did not expect such a large response to this post! Thank you to everyone who commented and helped me, I definitely appreciate it. + +Based on what I've learned today, I will be **closing my VALIC accounts** (my employer does not offer matches btw) and **opening a Roth IRA with Vanguard** (current front runner though I will be doing some more research just to be sure). I will deposit several thousand into the 2017 Roth IRA before it closes in April. Then I will be slowly fill out the 2018 Roth IRA over the next year. + +I will also be **opening a new online savings account with Ally** and depositing most of my remaining cash into that instead of my Credit Union checking account where it all sits at the moment. I will leave $1k or so in checking. + +I will be **keeping my truck for now**. It's still pretty reliable and the gas costs aren't as bad as I thought. I will reassess the car situation later on when I am better financially situated or when my truck dies. + +I've also gotten great career advice! /r/personalfinance has it all. Thank you all again for the help and all the advice. +-Today's Crypto of the Day is NANO, and it's current price is $0.3918. + + +-Initially, since my first crypto of the day post on 2/18/20, I waited to post specific information on each project until people made posts. I waited to help prevent bias. Based on feedback, I now post information early to show I am not going for low effort posts, and actually trying to facilitate qualify discussions. Please feel free to search for my other posts, to see the information I and others have added. + +-So far, I have featured all 20 crypto from Coinbase, 26 from Coinbase Pro, and 5 from Gemini. I now plan to finish the remaining ones on Binance US, Kraken, and others. Just because I feature a project does not mean I like it. I feel discussion on bad projects are just as important as the good ones. It is useful to hear pros and cons about every project, even if you are simply playing devils advocate. + +-These posts are not meant to be financial advice, but instead to be an educational discussion. Everyone is responsible for doing their own research. For each project, I am interested in learning if you have any investment in it, and if so, about what percentage of your portfolio does it carry. Most importantly, what should we all know; good, bad, and indifferent, about this project? + + +-My challenge to each of you is to learn and post about projects you do not currently hold. It is easy for anyone to shill a coin they are trying to make a profit on, or to simply downvote and troll something they do not. As a community, let's all try to encourage intellectual discussion on any and all projects out there. We can all learn a lot from each other if we try... +I (29f) don’t have much to spend at the time unfortunately, but my husband is from another country than I am (I’m from USA, he’s from Portugal) and has never been bowling but always wanted to do. + +Today is his birthday, so I wanted to surprise him with a night out so I booked a Groupon deal at a local bowling spot for tonight. The regular price for 2 hours of bowling for 2 people was like $100+, and the Groupon offer was for $25 and included everything, so I was so happy to find a present within my budget. + +I called the bowling alley weeks ago to see about the specifics & any regulations regarding the Groupon. The tone of the employee immediately went from friendly to just uncaring, as if I was no longer a valid customer. Regardless, I got the answers I was looking for and was still excited. + +Tonight I call just to see what the wait is (I want to get there early since we are using the Groupon and it doesn’t allow reservations), and again, the tone of a different employee just totally flipped. They kept asking really snarky questions about the Groupon and then just hung up. + +This is not the first instance of me feeling totally snubbed for taking advantage of options like Groupons for services/products. I don’t get it. Why put your business on the site knowing what you are getting involved with if you are just going to be annoyed when people use it instead of going directly through your business? + +I’m not saying I’m okay with what is I’m sure an unnecessarily large percentage that Groupon receives and thus a “loss” to these business, but why take it out on *me*? + +Anyone else share similar experiences? + +Ugh. I’m so sick of being poor, and even more sick of feeling guilty of it. + +EDIT/UPDATE: Thanks everyone for the comments — I’m catching up now. + +We got back from bowling not long ago and had a blast! We managed to cram 6 games into our $25 2-hour Groupon session (which included shoe rentals), which was amazing considering I underestimated the cost — they charge per game, and after 6 p.m. it’s $9.50 per game per person, excluding $7 each for shoe rentals. So we would’ve paid $128 on bowling alone. Absolutely ludicrous. Why do I feel like bowling was so cheap and now all of a sudden you gotta be upper class just to toss a ball at some pins? + +Anyways, regardless of my rant, we had a great time. We shared drinks and appetizers & tipped 18%, so they did get more than the Groupon out of me ;) + +I understand the sentiments about the stereotypical Groupon abuser, and I do think the people that take advantage of it give it a bad rap and it ends up sucking for the employees more than anyone (especially those at the top). But also, if a business puts the deal up and customers go through Groupon, I still feel there’s value in seeing them the same as any other patron. + +I always try to be the best I can and most respectful when I use coupon services, but sometimes it’s hard to shake the guilt of feeling like I’m being cheap. I mean, I am lol, but it’s nice to get the rare occasion of enjoying things I couldn’t regularly afford, ya now? +Long story short: I moved out. Landlord said everything was all good. Emailed me saying she has financial troubles and can't get the deposit to me in time. I agree to giving her extra time. That time passes, still no money. I open a small claims case. She stopped responding to my emails and has changed numbers. She never appeared at court, so I won. She legally owes me $1400, but can't be reached. + +To me, I have just lost $1400 + $350 in court fees, with no way of getting it back. Is there some way to get this money back through a tax write off? +Think about who is buying that coin when you sell it. People who know the price is going to go right back up. Hold your coins, don’t sell. This is not financial advice. +Original post [here.](https://www.reddit.com/r/personalfinance/comments/3b8i9u/just_got_laid_off_looking_for_input_on_next_steps/) + +Recap: I'd been working as an engineer for a small consulting company for the past three years. Company was struggling, which resulted in my pay not really increasing since when I started right out of school, and ultimately I got laid off. Came to /r/personalfinance for input on how to proceed. + +I've just been offered a new job, which I will be starting on August 10. I found found out about it through a neighbor of mine who works at the company. I will be making $72,800, up from $53,400 at my old job. My commute will be ten minutes shorter, and I expect to find the new job more interesting and rewarding than the old one. + +I elected to extend my old health insurance through COBRA, since it wasn't much more expensive than what I could get on my own, and it provides much better coverage. I never got around to filing for unemployment, and I still need to roll my old 401k into an IRA. + +Looking forward to relaxing for the next two weeks, going on vacation the week after that, and starting my job a few days after the vacation. Life is good! + +Edit: Woo, front page! Now I'll need to think about deleting my account, as someone who knows me in the real world has no doubt seen this post and recognized me! +&#x200B; + +[BOO8 spamming with sensational threads and reaching #1 and #6 of superstonk](https://preview.redd.it/0ix0ee1o6km81.png?width=1454&format=png&auto=webp&s=f7151b63036c514d76a1fbde1708c043882e24c6) + +&#x200B; + +Guys, I'm honestly kind of tired. 14 months of holding and I'm not a bit worried about my GME investment totaling roughly $35k at all. But we seriously need some kind of reform of how to deal with absolute gobshite posts, which are using the worst stylistic elements of clickbait. + +There was some kind of extremely dumb conspiracy content, which reached the frontpage of superstonk yesterday (or today, I don't know anymore as time is flying by). It was boiling down to a pretty obvious conspiracy theory, that Ryan Cohen was trying to tell us something about some sort of capital investment company, which did some dirty shit regarding BBBY/CTS (have a look here: [https://old.reddit.com/r/Superstonk/comments/tagx4a/i\_think\_rc\_is\_trying\_to\_tell\_us\_something/](https://old.reddit.com/r/Superstonk/comments/tagx4a/i_think_rc_is_trying_to_tell_us_something/)). + +It's just mind-blowing stupid and OP obviously couldn't defend his thesis and it was lacking basic understanding of how the market works. + +Today u/BOO8 posts some irrelevant things about u/dilkmud0002 being banned (which is untrue) and he reaches the frontpage twice, blocking those spaces for real DD and even DRS posts (which are encouraging everyone to DRS his own shares). + +Guys, what the hell. Please, I don't know what we could do differently, but it's so extremely annoying that even after months (and "years") of holding GME and talking about GameStop we are still so vulnerable for bad actors, which are actively influencing our community for a worse. I am thinking about some kind of "verification" flair for trusted users (like Twatter is handling it), so that this fucking bullshit stops. It's actively damaging our community. Thoughts on that, mods/community? +Deutsche Bank in trouble no government [bailout](http://money.cnn.com/2016/09/26/investing/deutsche-bank-stock-troubles/index.html?iid=hp-toplead-intl) + +& + +Our star of the hour getting [sued](http://www.usatoday.com/story/money/2016/09/25/ex-wells-fargo-employees-sue-over-scam/91079158/) + +[John Oliver on Wells Fargo](https://youtu.be/HdtAmTC9CCU) +This stock was up 26.18% yesterday closing at $2.41, up 9 cents in premarket today as of ~7:00AM EST. + +DSUVIA is an sublingual opioid product which addresses many concerns around the opioid epidemic namely overdose causing respiratory depression as well as abuse and diversion as it is a single use applicator. There is no injection required to use the drug which means no risk of IV infection and a better patient experience with sublingual (under the tongue) dosing. + +How does DSUVIA prevent overdose? The applicator provides for a single sublingual (under the tongue) tablet dose of the Sufentanil drug. In just 6.2 minutes this drug offers plasma-brain equilibrium compared to 46 minutes for Hydromorphone and 168 minutes for Morphine. This means quicker pain relief for the patient. + +See comparison table which shows DSUVIA is the only opioid product on the market which can be categorized as both RAPID and NON-INVASIVE. The drug can provide pain relief of 3+ hours, impressive and class-leading for a short-acting opioid. Side effects for this drug are comparable to placebo. + +[Rapid and Non-Invasive DSUVIA](https://charts.stocktwits.com/production/original_277576853.png) + +Dental clinics, plastic surgery clinics, fertility clinics, emergency medicine clinics are all possible use cases for this revolutionary painkiller. + +Several studies have been initiated to examine the use of DSUVIA - these studies are being conducted not at the behest of AcelRX but rather they have been initiated by the researchers in search of a better pain management option! this is key as they are not funded studies by the drug manufacturer. these studies can be equated to free marketing for the drug. + +Studies of DSUVIA are currently underway by + + +1. Brigham Woman's Hospital (Spine Surgery study) +2. the Cleveland Clinic +3. the University of Cleveland + + +DSUVIA is, as of Sept 14 2020 available for use for all service branches of the US military. a contract for 3.6 million USD was awarded to AcelRX for use in the US army on Sept 22 2020. AcelRx forecasts to have 30 million in sales over the next 3 years to the army alone. + +The drug is FDA approved for use in the USA, and also approved under another name in the EU. + +Finally, a study by AcelRx demonstrated huge health care savings with use of the drug by reducing the amount of time a patient needs in a health care setting for recovery post-surgery. Hospital administrators will be all over this drug because it can result in cost savings. The four pillars of revenue for AcelRx include: the DOD, commercial partnerships (dental, fertility, EMS etc.), hospital and ASC penetration, and product acquisition and in-licensing. + +I'm in for 575 shares @ $2.22 Oh, and: Obligatory 🚀 🚀 🚀 🚀 🚀 +Daily CS high score TABLE GUY here. For those who are sharing their CS account #'s for the daily high score, may I add a request? + +First, a MAJOR shout out to u/stopfuckingwithme for taking this on. Up until now most of our DD has had to rely on best guesses for many things. As CS account numbers really are looking to be sequential, THIS IS A COLD HARD DATA POINT THAT APES CAN TAKE TO THE BANK...LITERALLY. + +So, if I might request 4 or 5 pieces of information if they are willing. + +1) The account number. E.g. 29XXXX or 297XXX depending on how comfortable the ape is with the 3rd known digit. Btw I would LOVE to get to 7 digit account numbers... just sayin'. + +2) The date the transfer was initiated. + +3) The first date that shows up on your CS DRS pdf statement... it should be the date of the CS account creation. + +These 2 dates give us an idea of how easily shares are being located to transfer. We can watch the trend. + +The next two are completely only requested if the ape is willing and comfortable enough to share. + +4) The broker whom you transfered from. E.g. Fidelity, TD, etc + +5) <removed> + +These last two would allow for tracking if certain brokers are struggling more than others. <removed> + +I am a data geek so this type of data definitely jacks my mammories. + +I have seen a HUGE uptick in posts that are complaints about various brokers and how long it is taking to complete the DRS transfers. If you are willing to share all 4 data points, it might go a long way towards showing how low the liquidity has become AND it might act as a level of proof if people are filing complaints with their state boards. + +Be well. Buy, Hodl, Register, Report + +edit: removed the request that violates position posting. Please do not send any quantity of shares information. +This is a simple idea but I couldn't find the name of such a theory on the internet. + +Further explanation: Someone with $1000 of wealth is much less likely to spring for the $6 sandwich than the $5 sandwich, whereas for a millionaire, $1 is unlikely to matter much at all in their decision making. +My electricity company sent me a box of energy efficient lightbulbs, probably about 20, after I signed up for the program online. + +What are the economics behind this? Surely they would want me to use *more* energy? Are they having capacity issues maybe and sending out lightbulbs is easier than increasing capacity? +* Can we assume that IF the euro collapses, a German household and an equally wealthy Greek household will be affected uniformly? + +* Ceteris Paribus, who will be more adversely affected, the rich or the poor? + +* If we really are right on the verge of collapse, why have there been no bank runs i.e. people clamouring to change their currencies to one that is more stable? + +* Finally, can anyone give a brief summary of how, for example Germany, would go through the process of returning to the Deutschmark and how this would affect debt levels and savings? + + +Thanks for your time. + +Hi, I really am looking for a bit of general information about what people do at the end of their mortgage. Do they discharge the mortgage? I have read advice saying switch to interest only and leave $500 in there. That way you have access to some low interest funds. I am close to finishing mine. I'm not a big investor and don't really know what to do afterwards. Sorry I'm not very knowledgeable with terms and stuff, I will probably have to google some of the suggestions. Tha ks for your time. +Hey everyone; + +I’m looking at buying a block of land with the intent of building on it and had some questions for those with a bit more knowledge and experience than myself. + +Background Info: 29, f, earn about 54k a year, 9k owing on a personal loan, 21k saved as a deposit. + +Giving me limited borrowing capacity I’ve been priced out of my area (Regional Vic) over the past 2 years so that’s why I am thinking of going down the path of buying land first. + +On to my questions; +1. For those who brought land first; what was it like securing a construction loan when you’ve already got the land loan? My hope would be save up another deposit but then also use any equity on the land as well to make the deposit for the construction loan. + +2. There is a block that I’ve been eyeing that has dropped about 40k in price over the past 4-6 months. I’ve looked at the overlays on the property and it is zoned as low density residential with a Bushfire Management Overlay. It also will need an on-site septic system and there is no current connection points for power, gas and water. Is this enough to warrant the price drop or is there something else that I’ve neglected to look at? + +3. Some of the blocks that I have looked at have been quite narrow and small so if I was to buy the land I’d be looking at building a property that best utilises the space. How much change can I make to plans at say Metricon or Simmonds or am I better off looking at like custom-built (if that is even possible considering my borrowing power)? + +If you need any more info let me know! Any other suggestions or advice would be great as well because I am little bit lost. +Thanks guys!! +No doubt every single person here is beating themself up with this sentence in their head every hour. I know I am. + +It’s painful to see so much money on the table - - sometimes life changing amounts - - and not grab it because you believe in this technology and it’s ability to change the world. And you weren’t ready to completely exit just yet. + +You decided to hold through the peak. Maybe you were thinking it would continue rising. I thought it would at least plateau and continue to grow slowly. + +Whatever the reason was, you made a conscious decision to believe in this tech and recognize it’s still in its infancy. + +So you took the gamble that holding through the next crypto winter would pay off. + +Hang in there. This too shall pass. + +This sub is getting overrun with legacy finance bro’s like “top-kek” who never believed in this tech in the first place, and are celebrating this temporary downtrend. They’re literally filling every single thread with pessimism, fear, uncertainty, and doubt. + +Still others are crypto investors but they consider it beneficial to themselves to declare more bloodbaths are in the way, simply because they’ve got a buy order in much lower and don’t care about the damage they’re doing to morale. + +I saw a guy tonight say he still sees a bright future for crypto, and he got -19 downvotes. 😒 + +We spent the last 10 years building this tech, and crypto isnt going anywhere. It’s here to stay. + +Ignore the stock bro’s and concern trolls. Accumulate. And be patient. Keep an eye on the projects that continue to show progress during the worst months, and make sure you have a footprint in as many of them as your funds will allow. + +Most of all, remember that Bitcoin was created to bring financial sovereignty to the 6 billion unbanked in the world. To create a financial system independent of Banks and governments that can’t be wrongfully seized, and to onboard the poorest in the world to a global economy for the first time, without permission. + +That’s what this is all about. You’re investing in something both powerful and meaningful. Not many people can say that. + +I can promise you this time next year, the picture will be a very different one and you will be happy you stuck with it. + +The next Bitcoin Halving is coming April 2020 and pricing-in will begin around January. If this one plays out like the last three, all of 2020 will be a year of excitement and growth. 6 to 10 months after the last three halvings, Bitcoins price 18x’d .... 12x’d .... and 8x’d from where it was going into the Halving. + +Where we are sitting in December 2020 will be utterly astonishing. +#Good morning traders and investors of the r/StockMarket sub! Welcome to the new trading week and a fresh start! Here are your pre-market movers and news this AM- + +***** + +#(**[CLICK HERE TO VIEW THE FULL SOURCE!](https://www.stockaholics.net/threads/todays-pre-market-movers-news-monday-march-30th-2020.9746/)**) + +#[Today's Top Headlines for Monday, March 30th, 2020](https://www.cnbc.com/2020/03/30/5-things-to-know-before-the-stock-market-opens-march-30-2020.html) + +***** + +> * U.S. stock futures were pointing to a modest decline for the Dow Jones Industrial Average at Monday’s open after President Donald Trump extended national social distancing guidelines to April 30. The Dow, which closed 4% lower Friday, did soar 12.8% for the week, logging its best weekly gain since 1938 and raising questions about whether blue chips have bottomed. However, heading into Monday’s session, the Dow was still nearly 27% off last month’s record highs. The yield on the 10-year Treasury remained below 1% early Monday. U.S. oil prices sank below $20 per barrel, near 18-year lows hit earlier this month. + +***** + +> * On Sunday, mortgage bankers warned that Federal Reserve mortgage purchases are unbalancing the home lending market. In addition to the Fed’s extraordinary no limit fixed-income purchases, Wall Street analysts and economists said it would not be out of the question to see the central bank take for the first time ever a passive interest in the performance of the stock market. + +***** + +> * Preparing the nation for a death toll that could exceed 100,000 from the coronavirus, Trump on Sunday walked back his previous remarks about wanting to reopen the country for business by Easter. In continuing social distancing until the end of next month, the president said, “Nothing would be worse than declaring victory before the victory has been won.” Earlier on Sunday, White House health advisor Dr. Anthony Fauci said the country could see up to 200,000 deaths and millions of infections. However, he also cautioned that those numbers are based on outbreak modeling and nothing is certain. + +***** + +> * The U.S., which has the most known coronavirus infections in the world, saw confirmed cases jump to over 143,000 with 2,513 deaths, according to Johns Hopkins University data. New York has about 40% of those cases and fatalities. A field hospital has been set up inside New York’s Central Park to treat coronavirus patients. Abbott Laboratories, which received FDA emergency use authorization on Friday for a test that can detect coronavirus in 5 minutes, was praised by Trump. “Abbott has stated that they will begin delivering 50,000 tests each day, starting this week,” he said. Abbott shares were soaring about 8% in the premarket. + +***** + +> * Global coronavirus cases increased to over 730,000 with 34,685 deaths and more than 149,000 recoveries. Italy, No. 2 to the U.S. in cases with about 97,700, has the worst death toll. Italy’s 10,779 fatalities are more than three times as many as China’s 3,308 deaths. Rounding out the top three, Spain just surpassed China in infections, with over 85,000 cases and more than double China’s death toll at 6,803. China, where the pandemic started in December, has the world’s fourth most known infections, nearing 82,200 cases. Germany is No. 5 in worldwide cases at about 62,400. It has 541 deaths. + +***** + +> * Amazon warehouse workers in Staten Island, one of the five boroughs of New York City, plan to strike on Monday to call attention to what they claim is the lack of protections for employees. Chris Smalls, a management assistant and a lead organizer of the strike, told CNBC that workers at the fulfillment center known as JFK8, have grown increasingly concerned about coming into work after an employee tested positive for the coronavirus there last week. Amazon told CNBC that the company was supporting the individual in quarantine and asked anyone who was in contact with the worker to stay home with pay for two weeks. JFK8 remains open. + +***** + +#STOCK FUTURES CURRENTLY: +######(**[CLICK HERE FOR STOCK FUTURES CHARTS!](https://finviz.com/futures.ashx)**) + +***** + +#LAST WEEK'S MARKET MAP: +######(**[CLICK HERE FOR LAST WEEK'S MARKET MAP!](https://i.imgur.com/pzD22Kh.png)**) + +***** + +#TODAY'S MARKET MAP: +######(**[CLICK HERE FOR TODAY'S MARKET MAP!](https://finviz.com/map.ashx)**) + +***** + +#LAST WEEK'S S&P SECTORS: +######(**[CLICK HERE FOR LAST WEEK'S S&P SECTORS CHART!](https://i.imgur.com/EsF6mmi.png)**) + +***** + +#TODAY'S S&P SECTORS: +######(**[CLICK HERE FOR TODAY'S S&P SECTORS CHART!](https://finviz.com/groups.ashx)**) + +***** + +#TODAY'S ECONOMIC CALENDAR: +######(**[CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!](https://i.imgur.com/mce1VeY.png)**) + +***** + +#THIS WEEK'S ECONOMIC CALENDAR: +######(**[CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!](https://i.imgur.com/5rLsTWv.png)**) + +***** + +#THIS WEEK'S UPCOMING IPO'S: +######(**[CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!](https://i.imgur.com/vOVEFHa.png)**) + +***** + +#THIS WEEK'S EARNINGS CALENDAR: +*($RH $BB $VFF $CHWY $KMX $WBA $PAYS $TTNP $STZ $CALM $GNLN $CSU $CAG $MKC $RMBL $GPL $HEXO $PVH $DARE $CTEK $CYD $NVCN $LW $AYI $ICLK $ALPN $APOG $UNF $EAST $SMTS $CSSE $SCHN $LNDC $NG $RECN $EDAP $APTX $ASND $VRNT $MOTS $VERO)* +######(**[CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!](https://i.imgur.com/InmHVgs.png)**) + +***** + +#THIS MORNING'S PRE-MARKET EARNINGS CALENDAR: +*($GRWG $GNLN $RMBL $CALM $CTEK $CYD)* +######(**[CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!](https://i.imgur.com/Sm5LctR.png)**) + +***** + +#EARNINGS RELEASES BEFORE THE OPEN TODAY: +######(**[CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!](https://i.imgur.com/ho9EpoV.png)**) + +***** + +#EARNINGS RELEASES AFTER THE CLOSE TODAY: +######(**[CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!](https://i.imgur.com/hrNOYzf.png)**) + +***** + +#FRIDAY'S ANALYST UPGRADES/DOWNGRADES: +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #1!](https://i.imgur.com/q0iWKbS.png)**) +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #2!](https://i.imgur.com/pnJXRXy.png)**) +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #3!](https://i.imgur.com/9T9bEYz.png)**) +######(**[CLICK HERE FOR FRIDAY'S UPGRADES/DOWNGRADES LINK #4!](https://i.imgur.com/qMxQyex.png)**) + +***** + +#FRIDAY'S INSIDER TRADING FILINGS: +######(**[CLICK HERE FOR FRIDAY'S INSIDER TRADING FILINGS!](https://i.imgur.com/r6VRiZb.pngg)**) + +***** + +#TODAY'S DIVIDEND CALENDAR: +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!](https://i.imgur.com/BD1YIpS.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!](https://i.imgur.com/TfbQnba.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!](https://i.imgur.com/EysvYE9.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #4!](https://i.imgur.com/ycEzL4P.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #5!](https://i.imgur.com/uwjtT4d.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #6!](https://i.imgur.com/RPQKKYw.png)**) +######(**[CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #7!](https://i.imgur.com/G4gNNJx.png)**) + +***** + +#THIS MORNING'S MOST ACTIVE TRENDING TICKERS: + +* ABT +* AXSM +* JNJ +* NVDA +* CALM +* BK +* CAKE +* CVNA +* APD +* UBS + +***** + +#THIS MORNING'S STOCK NEWS MOVERS: + +######(**source: [cnbc.com](https://www.cnbc.com/2020/03/30/stocks-making-the-biggest-moves-in-the-premarket-jj-sanofi-regeneron-la-z-boy-apple-more.html)**) + +***** + +> **Johnson & Johnson (JNJ)** – The company announced it has identified a lead COVID-19 vaccine candidate, and plans to begin phase 1 clinical trials by September at the latest. Its intention is to have the first batches of vaccine available for emergency use by January. + +> #**STOCK SYMBOL:** JNJ + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=JNJ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/JNJ)**) + +***** + +> **Cal-Maine Foods (CALM)** – The nation’s largest egg producer reported quarterly earnings of 28 cents per share, 10 cents a share above estimates, Revenue also beat forecasts and Cal-Maine said it is not seeing any supply chain disruptions as a result of the coronavirus outbreak. + +> #**STOCK SYMBOL:** CALM + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=CALM&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/CALM)**) + +***** + +> **Sanofi (SNY), Regeneron Pharmaceuticals (REGN)** – The drugmakers expanded a clinical trial of their rheumatoid arthritis drug Kevzara as a coronavirus treatment. The trial now includes patients outside the U.S., after beginning in America last week. + +> #**STOCK SYMBOL:** SNY + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=SNY&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/SNY)**) + +***** + +> #**STOCK SYMBOL:** CALM + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=CALM&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/CALM)**) + +***** + +> **United Technologies (UTX), Raytheon (RTN)** – The defense contractors have received all regulatory approvals for their all-stock merger, and expect to close the deal prior to the open on Friday. United Technologies will be renamed Raytheon Technologies and trade under the ticker “RTX.” The Carrier and Otis businesses of United Technologies will become separate publicly traded companies, trading under ticker symbols “CARR” and “OTIS,” respectively. + +> #**STOCK SYMBOL:** UTX + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=UTX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/UTX)**) + +***** + +> #**STOCK SYMBOL:** RTN + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=RTN&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/RTN)**) + +***** + +> **La-Z-Boy (LZB)** – La-Z-Boy furloughed 6,800 workers, cut the pay of senior management by 50%, and of salaried workers by 25%. The furniture maker also eliminated its June dividend and stopped its share repurchase program indefinitely. + +> #**STOCK SYMBOL:** LZB + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=LZB&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/LZB)**) + +***** + +> **Tegna (TGNA)** – Tegna said it has held talks with two of four interested parties about their takeover proposals for the regional TV station operator. Those talks have stopped, however, due to the disruption caused by the coronavirus outbreak. + +> #**STOCK SYMBOL:** TGNA + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=TGNA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/TGNA)**) + +***** + +> **Jefferies (JEF)** – Jefferies said its Chief Financial Officer Peg Broadbent has died from the coronavirus. The investment bank named Teri Gendron, the CFO of the company’s financial services arm, as Broadbent’s successor. + +> #**STOCK SYMBOL:** JEF + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=JEF&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/JEF)**) + +***** + +> **Gilead Sciences (GILD)** – Gilead said it would stop taking individual emergency requests for its experimental coronavirus drug due to overwhelming demand. + +> #**STOCK SYMBOL:** GILD + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=GILD&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/GILD)**) + +***** + +> **Eldorado Resorts (ERI)** – Eldorado’s deal to buy rival casino operator Caesars Entertainment (CZR) could be in danger, according to the New York Post. The paper said regulators have delayed their review of the $17.3 billion deal due to the virus outbreak, while the casino industry takes a hard hit from ongoing closures. + +> #**STOCK SYMBOL:** ERI + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=ERI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/ERI)**) + +***** + +> **Novartis (NVS)** – Novartis CEO Vas Narasimhan told a Swiss newspaper that its malaria drug hydroxychloroquine is the drugmaker’s biggest hope against COVID-19. + +> #**STOCK SYMBOL:** NVS + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=NVS&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/NVS)**) + +***** + +> **Apple (AAPL)** – Apple could see an 18% year-over-year drop in iPhone orders during the current quarter, according to a Reuters report. + +> #**STOCK SYMBOL:** AAPL + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=AAPL&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/AAPL)**) + +***** + +> **Papa John’s (PZZA)** – Investor advisory firm ISS said retired basketball superstar Shaquille O’Neal should not be re-elected to the board of the pizza chain, according to a Bloomberg report. ISS said O’Neal skipped too many board meetings and that shareholders should vote against his re-election at the April 23 annual meeting. + +> #**STOCK SYMBOL:** PZZA + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=PZZA&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/PZZA)**) + +***** + +> **Procter & Gamble (PG), Kimberly-Clark (KMB)** – Jefferies upgraded both consumer products makers to “buy” from “hold,” noting that both are benefiting from the “pantry-loading” taking place due to the coronavirus outbreak. + +> #**STOCK SYMBOL:** PG + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=PG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/PG)**) + +***** + +> #**STOCK SYMBOL:** KMB + +> * [CLICK HERE FOR CHART!](http://elite.finviz.com/chart.ashx?t=KMB&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l) + +> ######(**[CLICK HERE FOR LIVE STOCK QUOTE!](http://data.cnbc.com/quotes/KMB)**) + +***** + +#**FULL DISCLOSURE:** + +> /u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk. /u/bigbear0083 is an admin at the financial forums [Stockaholics.net](http://www.stockaholics.net/) where this content was originally posted. + +***** + +#**DISCUSS!** + +What is on everyone's radar for today's trading day ahead here at r/StockMarket? + +***** + +# **I hope you all have an excellent trading day ahead today on this Monday, March 30th, 2020! :)** +Netflix just tanked 25% on earnings due to no guidance and growth in subscription. + +Next up, we have MATCH. They own TINDER, HINGE, and a bunch of other no name dating apps that no one uses. They spread themselves too thin, so they jack up tinder sub prices. + +Tinder and hinge subscription prices are INSANE and not realistic to pay for. + +Tinder+: $7.99 a month for unlimited swipe rights. Why the fuck would you pay for this if you get 1 like a week + +Tinder gold: $25 a month to see who likes you. LMAO what guy buys a $25 a month subscription to a DATING APP where most guys only match with fat girls. Girls don’t need tinder gold since the app favors them. + +Tinder plat: $29 a month or $90 for 6 months. Who the fuck pays for this shit. Seriously the jokes write themselves. Absolutely INSANE price tags. + +Hinge has similar prices. Look them up. Insane monthly prices. + +So now guys don’t just pay for the first date, you pay $25 to just talk to the girl and then pay for the first date. Not lasting very long. + + +Tell me with a straight face that MATCH is a $120 stock when you can’t get more than 2 likes a week and your 2 likes are from fat women 20 miles away. Their algos are set to fuck you and the stock market is about to swipe left on them. + +I see this going below $100, especially if we stay in this downtrend market. + +Earnings is 2/1. I’m waiting for puts until earnings week or hopefully sooner since OI is low. No position yet but I’ll be watching those $110-100 puts like a hawk. If no OI pops up on 2/4 puts I’ll go for 2/18 puts that already have OI + +All speculation. If I’m wrong, I’m wrong. Obviously play this at your own risk, not financial advice + +Edit: it’s hilarious how you guys think this stock is safe. 61p/e at $120 a share. Snapchat tanked, Netflix tanked, Adobe tanked. Adobe and Netflix are way more reputable than match. There’s no reason this would be safe. + +Edit2: remember guys, earnings isn’t until 2/1. Plenty of time to get a position. Don’t rush into a put (or call if you’re inversing) with low OI and get fucked. + +Edit3: let’s not forget apple gets 30% of their subscription revenue. This company is FUCKED. + +Edit4: well now it’s earnings day. Market is overall bullish, who knows what will happen. I think the best entry was actually when I posted this dd and the best exit was probably last week when you all said you had profit. Good luck + +Final edit: the play failed. Terrible earnings but MM’s knew retail was bearish. They fucked retail hard. The extra strike prices were a clue but wow. MM’s I know you’re reading this. Fuck you. +Has anything actually changed? + +Has something triggered the crash in price? + +If not, why are you panicking? + +If you felt like it was a good investment a week ago, it's still a good investment now. + +The price of your holdings in the short term are mostly speculation. + +Over the long term, the price will revert to its fundamental value (i.e. what it's actually worth). +Yes, I'm heated over the infrastructure bill for more than one reason. Not only because of the anti-crypto legislation they sneakily slipped into it because they know it wouldn't pass on its own, but because the bill itself is nothing compared to what really needs to happen with infrastructure in America. Make no mistake, the entire bill is shit. It's a watered-down version of a much larger bill that was way more expansive and did more for Americans. The U.S. Senate, for all intents and purposes, is anti-democratic and representative democracy has been dead in the U.S. for a long time. This is part of a larger agenda nationwide to gut voting rights to make it harder to remove these sellouts and cartel henchmen from power. + +The U.S. is a failed experiment and that becomes more and more clear every year. It doesn't matter who is in power, because they don't allow truth-tellers to get into power. They will lie incessantly about politicians who actually want to do right by the people and dumb fucks in America who don't do their own research will believe it. + +So yes, they are scared shitless of crypto because THEY CAN'T CONTROL IT. The whole idea of decentralism terrifies them and they're afraid that as their system collapses (which it will), people will abandon it in droves for decentralized democracy and autonomous societies. + +Rant over. +&#x200B; + +https://preview.redd.it/x5yu81lnu1x71.jpg?width=1242&format=pjpg&auto=webp&s=8e92616e39bc9d04ea3a6b3a86485896f9cdef76 + +**Original Post in the comments:** *(Part 1) ✅* +shared post in comments + +For those who are keeping up with my plan, part 2 has been executed! +**New Average Cost:** $1,131.40 *(20 cents higher than expected) 👍🏼* +**Cost Basis: -**$400,516.01 +**Down:** \-6.28% + +We are now in step 2. This now allows and gives me a second chance (of four) to catch a better top shorting Tesla. The higher it goes, the more I may be able to make on any given crash. For a full explanation click the link in the comments for the **original post.** + +**Current Standing/Update: ✍️** + + +https://preview.redd.it/u1rwia1wu1x71.jpg?width=1242&format=pjpg&auto=webp&s=bfbd9f1d31c110bd4df2f395ad5bc0843c0f8800 + +For those who are not aware (newbs) the position in the first pic is negative because I am shorting. Selling short the shares. +EDIT: It was me lmao.. Thanks for all the advice y'all! + + - I'm a beginning daytrader and I've been getting my feet wet with paper trading as of lately. I know most beginners take losses either from not understanding the psychology or basic technical analysis, but my biggest obstacle seems to be my trading platform. + +I use ThinkOrSwim and the user interface just seems to be awful. I'm making good calls but I can't enter or exit quick enough, can't set my stops quick enough, can't monitor charts and place orders at the same time. I'm constantly bouncing between screens on mobile, and desktop is already crowded from default but adding my indicators and everything just makes it impossible. + +For the people here that make a living on this, what platform are y'all having success with? + +If I could view my charts, my positions, and place orders all simultaneously, I think I'd be able to trade a lot more efficiently. And is that the point of the multi-monitor setups I see all the big traders using? What would y'all recommend for a newbie? Thanks! +* First download and install Tor browser bundle. +* Use the tor browser for ALL browsing, not only for things you want kept private. This makes life harder for the spies. + +For Wallets: + +IF A WALLET DOES NOT SUPPORT TOR CONNECTIONS DO NOT USE IT. + +Prefer online wallets that use .onion sites as your activity cannot be logged by the exit nodes. + +Do **not** use blockchain.info mixer. It provides anonymity only against beginners and is expensive. + +* Goto settings in your wallet, then network +* Enter SOCKS5 and under proxy enter 127.0.0.1 and port 9150. +* Note that the default port for Tor is usually 9050. For the browser bundle use 9150. +* You must start Tor Browser Bundle before opening the wallet for it to work. + +I would stay away from thin wallets as they have privacy problems (a big subject I don't have space for here). If you really want to use them, you MUST use Tor or you are publicly declaring the details of ALL your transactions. You are publicly declaring all your addresses (present and future) and tying them to your IP. Electurm, suspiciously, does not let you change the network settings until you have already connected to the internet (which kind of defeats the purpose). To get around this you can force it to connect the first time through tor by running your Tor Browser first, then using a program like proxychains to open Electrum: + + proxychains electrum + +EDIT: I forgot to add that you should add: socks5 127.0.0.1 9150 to the bottom of: + + gedit /etc/proxychains.conf + +Under the heading: # defaults set to "tor" +If you're not using a root terminal, use sudo before gedit. You can also open nautilus as root and update the file in GUI. + +That's a very basic start for those who don't use Tor and consequently have publicized all their Bitcoin transactions. Sorry but I don't use anything Microsoft or Apple as they are very enthusiastic NSA cheerleaders. Google is also a cheerleader, so be aware. Hopefully someone else can add instructions for Windoze users who don't have the time or desire to switch. + +If I have forgotten anything, please comment. + +**EDIT:** For the more advanced readers, please note that this is a **beginners guide.** It is not a blanket solution for all privacy and security issues. It is a **first** step. We need to start somewhere. There are alot of people out there taking zero steps for their privacy + +**EDIT2:** Many people made comments bringing up **advanced** issues such as MITM attacks, DNS leaks, traffic analysis, social engineering, etc. First of all, MITM attacks at exit nodes is *practically* removed with https. Almost all wallet sites are using https. Make sure you check. AGAIN, this is meant for people taking ZERO measures for their privacy. Using Tor is better than using nothing at all. Once people start caring about their privacy and using Tor, then they can investigate the next levels of privacy and security. + + + + +Shills can call me deluded all they want but I ain't even thinking about selling until a SINGLE share means I never have to worry about money again. This means no more working, being able to afford any necessities, and having an inheritance to pass down. + +A SINGLE SHARE. + +This bet has infinite upside. It may seem unlikely but THAT'S WHAT HAPPENS WHEN YOU TAKE THE RISK OF SHORTING. + +Infinite. + +No price target, just up: this isn't just a silly saying. There's no price target because infinity can't be defined. + +I'm hodling until anyone with even 1 share is filthy rich. + +BUY, HODL, DRS, BOOK +https://i.redd.it/5qsjjg4esi881.jpg + +**Right dead center the words "thinkgeek"** + +> Founded in 1999, ThinkGeek was an e-commerce website that sold geek culture merchandise, such as toys, clothing, home décor, electronics, collectibles, and more. The company was founded by Jen Frazier, Jon Sime, Scott Smith, and Willie Vadnais, and was originally a side project headquartered in Virginia. +> +> Originally, ThinkGeek produced merchandise catered for the open-source software community. To gain some exposure, they delivered a care package filled with their unique merchandise to Slashdot. A news website that gears its content towards geeks. After being fascinated by their merch, Slashdot decided to give them a shoutout. This is where ThinkGeek’s rise to fame began. +> +> Just two months after being founded, ThinkGeek was purchased by Andover.net, a company that owned Slashdot. A year later, Andover was then obtained by VA Linux Systems, a company based out of California which sold computers containing the Linux operating system. +> +> Va Linux Systems went on to change its name to Geeknet in 2009 whilst still owning ThinkGeek. In the same year, ThinkGeek achieved sales of $50m and saw its workforce rise, reaching 83 personnel in 2013. +> +> It was not until 2015 when ThinkGeek would change hands once more. On May 16th the American retailer Hot Topic proposed an offer to purchase both ThinkGeek and Geeknet, reportedly for $17.50 per share. Yet, just 3 days later an unnamed company placed a counter-offer of $20 per share. Hot Topic was given a further 3 days to place a counter-offer of their own but no such offer was made. The deal was closed by July 17th and the unnamed company was revealed to be GameStop. + + +**"simplicity & business" words in the center when googled the top link says this about simplicity** + +> What Is Simplicity? +> To some, simplicity may sound like something to avoid rather than strive for. After all, don't businesses have to grow to become more profitable? The word “grow” doesn’t just mean increasing revenue, however; it can also include cutting out unnecessary processes. +> +> In this vein, simplicity means sticking to streamlined processes that have not only been well-designed, but are also regularly maintained. By managing with simplicity in mind, companies will ensure they don't expend any time or energy on anything but developing the business. + + +**The words "the future of focus" googled brings [this](https://www.psychologytoday.com/us/articles/201903/the-future-focus) as the top result.** + +> Two game-like, computerized devices are seeking FDA approval to make the diagnosis and treatment of ADHD—one of the most common childhood mental health concerns—a digital phenomenon. +> +> For diagnosis, a virtual reality tool known as the Virtual Classroom was submitted to the FDA by technology company Cognitive Leap in late 2018. If granted approval, it will be the first fully immersive, VR program available to help doctors diagnose ADHD. On the treatment side, startup Akili Interactive recently submitted AKL-T01, a video game specifically designed to improve attention in children with ADHD. It would be the first video game that's available only by prescription, like a traditional pharmacological intervention. +> +> Both Cognitive Leap and Akili contend that their approaches will change the way ADHD is recognized and managed. Both have spent years collecting data to bolster their claims of effectiveness. But FDA approval may be just the first of several real-world barriers to overcome in launching new treatment modalities. + +**Kongregate can clearly be seen as well.** + +> Host Your Game on Kongregate. An open platform for all web games! Get your games in front of thousands of users while monetizing through ads and virtual goods. Find documentation and support to get you started. Upload Your Game; Our Publishing Program. With our publishing program, we can help get your games to millions of users on multiple + +Credit: /u/petitepain for the login page find +I'm complete noob, a friend got me looking at this subreddit and the potential to get in early on new coins. I just read a comment on a post that at least 90% of coins mentioned here are scams and to DYOR. + +Are there clear signs that a mentioned coin is a scam? They use all the same words to me, and don't understand how you can tell if a dev is legit or not +There are many low capital coins out there and I don't know actually if they have good growth potential for the future or not. I want to see your thoughts on low capital coins what you think about these projects will they survive? + +And what kind of low capital coins are good for investment. +I've only been trading with real money for about a month, but I read something a few months ago, while doing my research, that really stuck and I wanted to share. + +As investors, we often look at the moves we've made and judge ourselves on what we missed on or what we hit on. This is part of growing and learning as an investor. + +But the thing that many people forget is the **almost** trades. Those trades that we got close to pulling the trigger on, but didn't. Whatever that reason was, we all have moves that we almost made but *something* made us pass on it. + +#Write them down.# + +Record every trade that you almost made, or considered making. Record the date, the current value, and the reason you didn't make the trade. + +This has been very valuable to me in my first few weeks of trading. We all look through our portfolio and our trade history and think, "man - if only I held this longer" or "I really messed up buying this on the rise". But what we often forget is to give ourselves credit the the decisions we made that there isn't a history of on our chosen broker. For every single regret we have as traders, there is a dodged bullet that our gut, training, or education helped us avoid. On the flip side, there are also those securities we saw a post about, or noticed while browsing that sparked something in us but we hesitated on. Those ones that have been nothing but green since then and we are regretting. + +If you don't record the moves you **almost** made, then you're missing out on valuable person growth information that can help you become a better trader. Write down every move you almost made in a notebook and look back every once in a while. The more you write at the time the better. + +Hope this can help others as much as it's helped me. Good luck y'all! +thats not 0.95 x100 folks, that's $95 per contract + +help me understand this. thats a breakeven of 1,045 that would give it a market cap based valuation on par with Fed Ex, TJX or Dell +Title. For instance, I bought 2 $MSFT LEAPS. I could technically sell 2 PMCC's against it. To be safe, I'd go about 30-45 days out and pick a strike that's about 10% over the current price. Price is currently 310, there are earnings in a week or so, and the call I'd sell is the 340 (9.5% above current). But it just doesn't seem... worth it? That's about 500 bucks in profit which sounds awesome until you realize it's just 4% of the 12,000 I paid for on those 2 calls. I'm certainly not "too good" for money no matter how small it may be, but it just doesn't seem like the risks outweigh the benefits. I'm kinda new to selling calls so I don't mean my question to sound stupid, but am I missing something obvious here? + +What's the better/safer way to go about this? Do I go even further OTM and pick up smaller amounts of premiums to have a higher chance of not getting my call sold? Any advice is welcome. +Hi all, I'm looking at selling puts on /ES or /MES. Due to my small account size, i think it will be more appropriate to do a spread on ES while MES I'm more comfortable to go naked. + +What should i put into consideration while deciding between the two option? + +For ES how far apart should the spread be? There is also risk that only one leg expire itm, how should this be dealt with? + +Thanks in advance! +I am running the wheel on a couple stocks that I think are long term holders. I’m noticing that once i get assigned the stock and sell the covered calls I get wistful thinking of all the good times we could have together and rooting against the stock to my own detriment. Anyone else a moron like me? +Good afternoon, this is a great sub and I'm learning a lot. + +I was hoping you all could help me know if I'm misunderstanding anything, and/or if I don't know what I don't know. + +Assume I hold 1000 shares of SPY in my tax-advantaged SEP-IRA and I want to wheel options on them. Assume the 1000 shares of SPY is a core position that I intend to hold forever through its ups and down, so large swings either way don't bother me. + +Here's my understanding of how this works (or could play out) as well as the risks, in a scenario where I'm doing this with shares I intend to hold forever. Please correct me if I'm wrong, or missing any key risks or concerns. + +Assume I sell 10 covered calls of SPY at a strike price that is above my cost basis, with an expiration date of 30 days out. Two scenarios are then possible: + +**Scenario 1:** The market happens to turn around and rally in the next month and my 1000 shares are called away. I don't experience an out-of-pocket loss when my 1000 shares are called away, as I'll generate a profit on the sale of the 1000 shares, plus keep the premium I received. The risk in this scenario is that the market rallies a lot and, at expiration, the share price of SPY is well above the strike price, so my "loss" is the additional profit I could have received (either in my pocket, or on paper) had I not sold the CCs. This risk is acceptable only insofar as I can stomach the theoretical profits I miss out on above the strike price. Under this scenario, after my shares were called away I would turn around and then sell 10 cash-covered puts on SPY at a strike price where I would be happy to re-buy the 1000 shares. If we are then in a bull market and SPY continues to go up during this time, I again miss out on the additional profit I could have received had I not sold the original CCs in the first place...but I will not be assigned on the puts I sell, and will keep pocketing the premiums while waiting for the market to turn back down. However, I will either have to keep raising the strike price (and, hence, my desired re-entry price) on the SPY puts I sell, or else the premiums will just keep dropping and dropping as the share price increases further and further away from my "ideal" re-entry price. + +**Scenario 2:** The market continues to drop after I sell my initial 10 CCs, and therefore the options expire worthless and I keep the premiums I received. Under this scenario, my risk is that the value of my SPY shares has decreased; however, since I intended to hold the SPY shares forever in my retirement account, this risk is irrelevant to me, as I would have experienced the "loss" regardless. The other risk here, however, is that now if I try to sell CCs again at the same strike price above my cost basis, the premiums I receive will be a lot lower since the CCs would now be even further OTM. + +Please let me know if I have accurately identified the risks involved in this strategy, and what I'm missing here....as I can assume I'm missing one or more issues or concerns to consider before executing this strategy. Perhaps only executing this strategy on half my shares would be a better way to manage the risks? Thanks! +Recouped some loss in last 2 days.. ...while bagholding a ton @ \~$35/share 😪 + +https://preview.redd.it/zpyraau923671.png?width=1278&format=png&auto=webp&s=a856b5788d5323d3fdbc4c9da19ab038377cabce + +Anyone else in the same position? +On Feb 1st AMC had climbed to \~$17 premarket. I had at 100 shares of it and I thought what the hell let's throw in a cheeky limit order for 7.50 at the Feb 5 18.50 strike. Quite unfortunately 8 seconds into the market opening some poor guy with probably a market order filled it before the price immediately corrected and crashed down to the $5.44 and continued to crash as AMC plummeted on open. To the guy out there who bought my call, I'm sorry. + +[https://imgur.com/a/5cyQYbu](https://imgur.com/a/5cyQYbu) \- My order + +https://preview.redd.it/k6xxbeqr07f61.png?width=1631&format=png&auto=webp&s=263920c57a0e959a9e05e4d0c225b9ec8f8fbbf9 +So I recently discovered ***index*** ***futures*** ***options***. Naturally, this got me thinking. + +So we're all on the same page here, the S&P 500 e-mini index futures contract (/ES) is a cash-settled futures contract tracking the S&P 500 index, and trades at a notional value of $50 per index point (close today was 3267.75 x $50 = $163,387.50), 22.5 hours per day, 5 days per week. Being a highly leveraged product, your initial margin requirement is only $6600 and maintenance margin is $6000, so you're looking at roughly 27X leverage. Spicy. + +Now, here's where things get interesting. There are /ES index futures options (FOP) contracts that expire three times per week (M, W, F). Calls and puts, the usual. Each /ES FOP contract covers the price action on one (not 100) /ES contracts, so that's pretty straight-forward. + +Premiums are good, IV is very high, and liquidity is good. At the money /ES FOPs expiring two days later (W on M, F on W, M on F) are pretty consistently 15-25 points (x$50 = $750-$1250 in premium). + +/ES futures are cash settled and /ES FOPs are ~~cash~~ futures contract settled; no dividends, and best of all, taxed at a rate of 60% short term gains, 40% long term gains even if your trade lasts seconds. ([https://greentradertax.com/trader-tax-center/tax-treatment/section-1256-contracts/](https://greentradertax.com/trader-tax-center/tax-treatment/section-1256-contracts/)) + +So, ladies, gentlemen, I present to you, the wheel. But like, a race car wheel. + +* Monday + * Sell an at-the-money /ES FOP put expiring Wednesday. + * Collect $750-$1250. +* Wednesday + * If the index is over your strike... + * Repeat! + * If the index is under your strike... + * You get assigned an /ES future. + * Sell a covered /ES future call, expiring Friday. Collect premium. + * Repeat until you get assigned on your call, and your /ES future is called away. + * Repeat! + +So how well does this work? Market's been pretty flat, and I've done this consistently for the last 6 weeks. Currently my total realized proceeds are \~$12000 on a single /ES-FOP pair wheel. + +Risk: See March. + +Rewards: + +* Under current market conditions with high IV and a pretty tight range (319X-329X), it works **pretty well**. +* Currently minting me $2000 per week for the last 6 weeks. +* Low margin costs while holding the /ES future. +* 60-40 ("Section 1256") tax treatment for some reason. +* High liquidity. +* Long trading hours. +* Lots of expirations (MWF) means lots of opportunity to re-up. +* Due to long trading hours and high liquidity, you can control your exposure pretty well with a stop-loss. + +**WARNING: This is playing with live rounds, and there is $160K at risk. You may find yourself holding an ES contract for a long time if we see another economic disaster, or an extension of this one. Prepare yourselves, and make sure you know what you're getting into before joining me on this coke-fueled theta gang adventure.** + +With that in mind, I'm making a trading bot to automate this lol. +Or, does there seem to be a whole bunch of people hanging around here just to throw around Greek terms and discourage others from making trades because they are waiting for the perfect set-up (which will probably never come) ? + +Sorry, but if the market is open, someone is trading and making money. If your criteria is so limited that you are having trouble finding trades when the market moves 500+ points on consecutive days, you might want to engage your imagination a little more. +Wondering if anyone here trades options on futures? I have a background in Nat Gas & am wondering if it might be worth exploring this avenue? Marry my options & futures background... +I've just sold one 550p TSLA for 1.95 premium expiring tomorrow. Is it really a free $195 or, worst case scenario, owning TSLA stock at a great entry price if it tumbles over 15% in one day? What am I not seeing here? + +edit: theta is just going at it. I've gained 20% of it in under an hour. +I started selling puts this week using some of the recommended guidelines i’ve read from this subreddit. Basically 30-40 DTE around .2-.3 delta with a ROI close to 10-15% and also sold some covered calls on a solar stock I own. + +The premiums on this solar stock are juicy, and I’d like to sell another put because i’d be fine owning more. How much is too much? I don’t want to have too many positions to handle but also don’t really see any cons to selling puts and calls if it’s stock I like. Probably 5/6 puts i’ve sold expire in 30-40 days. + +Is it recommended to have less tickers and a mix of shorter to longer DTE sold options? I’m okay with more risk but want to do it right and not reckless. Feedback is greatly appreciated. + +Happy to be a part of Theta Gang! +Hello gang, I wanted to know why the IV goes higher as we approach the expiration. + +I sold DKNG-14.5 Put expiring this Friday when it was trading at 14.80 and IV was 100. + +Right now, the stock is at 16.00 and the IV is close to 200. Theta is -0.16 but u rarely see the price adjust accordingly to theta as the IV spike kills the Theta. +I'm really frustrated looking at my Roth IRA. I thought I was making financially responsible decisions but just looking at it, it seems evident I would have been better off just leaving it in my savings account. + +Perhaps I'm just not waiting long enough, perhaps I'm not making the right choices, perhaps my overall strategy is just fucked, but there IS something I'm doing wrong to be $2600 in the hole. + +I decided every year I would max my contributions and just looking at it, is making my me want to rip my hair out. Were my choices just poor? + +ACFOX - 2020 + +BIAWX - 2021 + +VTSAX - 2022 + +[Snippet of the status of my investments.](https://imgur.com/0fnnAQ7) + From ARK Invest's latest newsletter: + +*During our brainstorm on Friday, ARK discussed the possibility that our* ***already high-end EV forecast could be too low.*** *The chart is work-in-progress that offers some perspective on this topic (see source). The purple line depicts the price elasticity of demand for all cars, both gas-powered and electric: as prices drop, auto manufacturers can target a larger share of the market. According to the navy line, as the average price has declined during the last 10 years, EVs have increased their share of the global auto market.* + +*According to Wright’s Law and ARK’s adoption model, as the cost to produce 300-mile range EVs continues to decline, their market share will approach \~67%, or 48 million units, in 2027, as depicted in the green line. This forecast incorporates a decline in total vehicle unit sales due to autonomous vehicles. The gap between the trajectory suggested by Wright’s Law in the green and the history of market share gains in the purple suggests that EVs are likely to capture a much higher share of the market than ARK has forecasted. Instead of 48 million units, EV sales would scale 8-fold from 8-9 million units this year to roughly 67 million in 2027!* + +*That said, several forces could derail the 67-million-unit forecast. Perhaps because of materials shortages or technology issues, EV production will not be able to scale that quickly. Perhaps a severe decline in used car prices will pose more of a competitive threat than we anticipate.* + +Source: [https://ark-invest.com/newsletters/issue-341/?utm\_content=227319393](https://ark-invest.com/newsletters/issue-341/?utm_content=227319393) +The original post was gettin too long. There have been a few other long threads on selling PUTS far out for "free money". + +So starting this one with my take and invite others to provide your perspective. + +FIRST, I agree with majority of responses - It IS picking pennies in front of a steamroller. It is easy money for a few weeks and then BAM. Wipe out! + +Here is what seems to work for me (started over 10 years, current system working ok for last 5 years with 8% to 18% annual return - yes those pennies!) + +My situation: I have 30% stocks; 10% bonds/commodities and 60% cash. Feel market has moved up too far and hence not so much in stocks. So I have plenty of cash and ready to buy. + +I monitor Quality/Dividend paying companies. Well known names. Also look for earnings dates. Here is a link for upcoming week [https://i.redd.it/pjyvtisbz8h71.png](https://i.redd.it/pjyvtisbz8h71.png) + +I pick one, Walmart (WMT $149.53) - it is reporting on 17 Aug. On 16 Aug I can sell Aug $144 Put for around 68 cents. That is commitment to buy WMT at $144 on 20 Aug if it gets to $144 or below. In return I get $68. And tie up $14,400 cash for a week. On Tuesday morning, pretty much we'll know if WMT is headed below $144 or not. Either I have to buy WMT at $144 even if it tanks to $135 or the 68 cent premium reduces to 3-5 cents. Honestly, for me either option is fine. WMT is fine company. I have Cash. WMT pays dividends. If I buy $144 - I will start selling weekly CALLS. If I don't get to buy WMT - I keep the \~$60 by tying up $14,400 for a couple of days (close the PUT on Wednesday or Thursday). + +There are 75 high quality, dividend paying companies - just like Walmart that are safe buys at a discount. I have this list and would add in a subsequent response. That is pretty much all you need for a full year of trading for generally 10-15% safe returns. Using 30-40% of your cash/portfolio for this type of return is viable, with contained risk. NEVER GO MARGIN!!! + +Finally, I will also give a recent example where the steamroller did hit me while picking pennies!!! + +Clorox (CLX): + +2 Aug: Sold 1 CLX 6-Aug $172.5 put for 90 cents. Got $90. + +Earnings were announced. BAM. CLX tanked to $161. I sold another 6-Aug $157.5 Put for $1.70 and got $170 for that commitment. On Friday 6-Aug, CLX closed above $157.5 but below $172.5. So I was forced to but 100 CLX shares for $172.5 ($17,250). + +Week of 9-Aug: I sold 13-Aug $170 Call for 10 cents and sold 13-Aug $162.5 Put for $1.0. Both expired yesterday and I got to keep the premium. + +Today 14-Aug: CLX has climbed back up to $168.45. My cost basis for the $172.5 purchase is now down to $168.8. And because I like CLX - I sold 20-Aug $170 call for $1.51. You can figure out the outcomes on 20-Aug. Whatever CLX price - I am either reducing cost basis or making a decent 3 week profit. And I don't mind holding CLX (2.78% dividend) that has 52-week range of $159.32 to $231.11 + +SUMMARY: (1) Picking pennies in front of steam roller is not for everyone, but 10-15% annual returns can be safely had from a portion of portfolio. Stick to Quality, Dividend names, perhaps with weekly options. Play around earnings call for a bit more excitement. NEVER GO MARGIN. For retail traders, the only strength we got is TIME. Hedge funds don't have luxury of time, they have to show performance quarterly, if not monthly. Margin sucks time out of retailers defense. GOOD LUCK !!! + +================ SUMMARY OF RESPONSES =================== + +Thanks to all who provided great feedback and different perspectives. This board is great (especially when compared to lot of other MBs out there). Key takeaways: + +1. What I described is commonly called Option Wheeling. I've been using this for a while and did not know it had a name! Simple explanation here [https://www.thewheelstrategy.com](https://www.thewheelstrategy.com) +2. It's been a raging bull market for at least past 5 years (minus the brief 2020 covid dip). A lot of trading strategies will look like work of genius. Option Wheeling no different. Just holding Quality/Divy stocks and perhaps selling Covered Calls - would likely yield better results. In a retreating market - this method won't perform well. +3. Trading with Indexes (or eMini) are paths that can reduce effort (& worry) vs individual stocks. +4. Option Wheeling is most suitable for stocks that a trader was intending to buy anyway (perhaps already holds a position and looking to add at lower price point). +"The SEC's complaint alleges that, since at least December 2019, Gallagher used his Twitter handle, u/AlexDelarge6553, to make thousands of tweets encouraging his numerous followers to buy stocks in which Gallagher had secretly amassed holdings. As alleged, Gallagher would then sell those stocks at inflated prices, while he continued to recommend others buy them —never disclosing that he was selling the stocks." + +[https://www.sec.gov/news/press-release/2021-214](https://www.sec.gov/news/press-release/2021-214) +Hello! I’m 22 years old, and I’m thinking about starting to invest. I have no clue where to start, and my parents are *really* bad with their money so I don’t know who to ask or what to do. I want to be able to retire someday and I want to put my money to good use. I know starting early is the best option. I just don’t know where to start. Any help would be appreciated! +I don't mean right now, but historically. Why doesn't the price of something remain constant? You would think with increased efficiency, it would offset the increased cost of labor? + +&#x200B; + +Secondly, why is deflation considered 'bad'? If the prices of a good drops, won't the consumer automatically buy more as their dollar that is saved is worth more money? + +&#x200B; + +Sorry for the very basic questions - would appreciate some resources to understand why inflation tends to be the default historically rather than the default being constant prices? +"Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become 'profiteers,' who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose" + +-- John Maynard Keynes + +These words ring true today as the Wealth Gap continues to expand as a consequence of the Fed's expansionary monetary policies (ZIRP, QE) juicing asset markets to all time highs, causing the rich to get richer, while poor and middle class people are struggling to keep up with rising standard of living costs. + +And not one in a million, especially in the media, is able to figure out the Fed policies cause this Wealth Gap + + +Note: In Lenin's day, "inflation" meant expansion of the money supply, not the CPI. +[Hello, r\/Superstonk Jellyfish here! ](https://i.redd.it/k2eixqtt63971.gif) + +I want to continue [trying to tie data](https://www.reddit.com/r/Superstonk/comments/od11xo/a_dive_into_lina_khans_first_meeting_as_ftc_chair/) from posts this week together. Specifically, the [jobs report](https://www.reddit.com/r/Superstonk/comments/ocjp7f/us_department_of_labor_june_update_in_june_2021/) and [census report](https://www.reddit.com/r/Superstonk/comments/ocj7ko/us_census_bureau_household_pulse_survey_62_of/). + +U.S. Department of Labor June Update: In June 2021, the unemployment rate was 5.9% and added 850,000 jobs to the economy, including 343,000 jobs in leisure and hospitality. The economy is growing faster than at any time in 40 years BUT is still 9 million jobs short of pre-pandemic job levels. + +14.7 million people are still claiming state or federal unemployment benefits, including 11 million people on federal PUA or PEUC benefits. [There are definitely record fraud claims in](https://abc7chicago.com/ides-unemployment-in-illinois-fraud-report/10367159/) these numbers, but it is a LOT of real people too! + +All of this when average hourly earnings for employees on private nonfarm payrolls went up by 10 cents per hour in June, from May to $30.40, after having risen 13 cents in May and 20 cents in April, for a 43 cent per hour increase in three months, or 5.7% annualized. + +https://preview.redd.it/z7z961e693971.png?width=1455&format=png&auto=webp&s=91a2fe87ea1af4f2e92e1060844138325c219a7e + +I think that number is a bit misleading (white-collar higher-paying jobs haven’t shut down like the service industry for example, so this skewed wages upward) BUT there is definitely a push upward on wages in general in the market. + +Lower-paid employees being pulled back into jobs in large numbers, and this should push down average hourly wages (since those working before were more 'highly skilled'/paid? + +The fact that the average is still rising despite the influx of lower-paid workers shows just how much pressure there is on wages at the moment though. Even with republican states ending [expanded pandemic unemployment benefits](https://www.cbsnews.com/news/unemployment-benefits-states-end-federal-aid/) altogether in most cases. + +Still, even with the big 850k + jobs report, we're still down 9 million jobs from before the pandemic started--remember [the head of the Minneapolis Fed Neel Kasharki](https://www.reddit.com/r/Superstonk/comments/oblqlb/us_bureau_of_economic_analysis_bea_announced/h3oilba) says people returning to work will tamper inflation...(this has me working on another inflation post though, so if you like that topic, stay tuned!) + +[credit u\/assman323232](https://preview.redd.it/n8gzi3of79971.jpg?width=700&format=pjpg&auto=webp&s=69f5c4254ba86c826b4eecc399445cddebc02c12) + +Breaking the numbers in the jobs report down further, the leisure and hospitality industry jumped by 343,000 jobs in June, after having added 306,000 jobs in May, since restaurants and hotels are desperately trying to bring on workers. Yet, total employment in the sector was still down by about 2.18 million people, compared to the peak in February 2020, before the pandemic ‘started’. + +[https:\/\/fred.stlouisfed.org\/graph\/?g=SJz](https://preview.redd.it/4svave2b93971.png?width=1463&format=png&auto=webp&s=189299a331156b4bb5881d2200d7d3d59ea8d028) + +Employment in manufacturing up 15,000 jobs following 39,000 jobs added in May, amid widespread complaints by manufacturers that they’re having trouble filling orders because they’re having trouble “finding suitable candidates for current vacancies,” [according to the HIS Markit Manufacturing PMI](https://www.markiteconomics.com/Public/Home/PressRelease/0501c114d9194cb889d175b0ba828bf1). + +[https:\/\/fred.stlouisfed.org\/series\/MANEMP](https://preview.redd.it/8vxcq4dg93971.png?width=1461&format=png&auto=webp&s=8f0f37594c0cb3294ca281bbdf67d7af733716cc) + +# So it is labor shortages and not just material shortages causing issues. + +# All of this in the backdrop of: + +**• Childcare Disruption: Of adults living in households with children, 9.6% were in homes where children were unable to attend daycare/another childcare arrangement because of the coronavirus pandemic in the last 4 weeks.** + +**• Children’s Telehealth: Of adults living in households with children, 21.3% were in homes where children had an appointment with a doctor, nurse, or other health professional by video or phone in the last 4 weeks.** + +**• Food Assistance from School: Of adults living in households with children enrolled in public/private school, 22.3% were in households where students received food assistance from school in the last 7 days.** + +• Household Telehealth: 23.8% of American adults had an appointment with a doctor, nurse, or other health professional by video or by phone in the last 4 weeks. + +• Planned Trips: 36.2% of adults are planning to take overnight trips or trips to places more than 100 miles away in the next 4 weeks. + +**• Expected Loss in Employment Income: 12.3% of American adults expect someone in their household to experience a loss in employment income in the next 4 weeks.** + +• Telework: 23.7% of adults live in households where at least one adult teleworked because of the coronavirus pandemic in the last 7 days. + +**• Food Scarcity: 9.7% of American adults lived in households where there was either sometimes or often not enough to eat in the previous 7 days.** + +**• Housing Insecurity: 6.2% of adults are not current on their rent or mortgage payment and have slight or no confidence in making their next payment on time.** + +**• Eviction or Foreclosure: Of adults living in households not current on rent or mortgage, 32.9% report eviction or foreclosure in the next two months is somewhat or very likely.** + +**• Difficulty with Household Expenses: 28.3% of adults live in households where it has been somewhat or very difficult to pay usual household expenses in the last 7 days.** + +So really, there is a shortage of people willing to work under the current system of rising but still, shit wages, shit benefits, and shit working conditions, living in constant fear of one's day-to-day security. This is like a quiet strike, just not really organized, ***yet.*** + +# Right now there are over 14.7 million people are still claiming unemployment compensation, including the extra $300 a week from the federal government contemplating life decisions. + +https://preview.redd.it/zhqvl1ps93971.png?width=610&format=png&auto=webp&s=aaad93166bb8554b24bfb088005a9ed3890a4c33 + +In my opinion, this is why the brigading rule has come down HARD, as 'they' are petrified, throwing everything and the kitchen sink, and ultimately Reddit wants to avoid being sued in that fallout? + +But look what the Apes of r/Superstonk have accomplished float-wise with 500,000 members just liking, buying, and holding the stock. + +Let’s say it’s only 10 million sitting at home (because fraud is *that* rampant?) and they all decide to buy two shares at $202.80 for $405.60 (the last bit of discretionary income they have left say, since 3 stimmies were sure enough to cover us all through this, right ???). + +[you can see the 3 stimmy spikes... ](https://preview.redd.it/emc3uax8a3971.png?width=1459&format=png&auto=webp&s=0886880ed03cd8cf03ac9e1f486935e28bdb1c0f) + +That’s a hole that gets 20 million shares deeper and now with something enforcement agencies and politicians fear the most—more voices. Voices that will garner more MSM attention, which will perpetuate more buying… + +**This situation terrifies them. They could laugh at Occupy Wall Street since it was a group composed of idealists and people with little skin in the system, railing at the system from the outside. This is hitting them from within, and by their rules.** + +If luck is when preparation and opportunity meet, there is ‘luck’ in this rhyming moment in history. For preparation, Apes who just like the stock have DD and Zen out the wazzoo—the price goes up, hold, the price goes down, hold, the price goes sideways, hold…. + +This preparation paired with the opportunity of another 5% of the working population discovering, educating themselves on, and potentially buying tickets to the moon? This is 'LUCKY' and is what is different from 08, there is a big percent of the population willing to reevaluate their lives right now. [This is true across the world as well!](https://www.nytimes.com/2021/07/03/world/asia/china-slackers-tangping.html) + +However, the more Apes join in this 'attack' (yeah, buying and holding is an 'attack on the system'.../snark) the worse this gets for them. + +https://preview.redd.it/mw5s4uyhb3971.jpg?width=274&format=pjpg&auto=webp&s=5304ea437a16f601697751f9f1cb6a16cbe6d6b3 + +https://preview.redd.it/aup3ru4jb3971.jpg?width=640&format=pjpg&auto=webp&s=93b5bef99f91cbe19d7a5e99805bd3fd6fc29c06 + +Last comment /social commentary I would like to make. Yes, the idea of more Apes joining the cause is exciting. But these are the ‘just don’t dance statistics’ too. This just sucks all around and leads to an anxiety-filled environment all around. Hell, even of people who ‘have made it’, [60% of millennials earning more than $100,000 per year are living paycheck to paycheck](https://www.businessinsider.com/high-earning-henry-millennials-six-figure-salaries-feel-broke-2021-6). + +What is even winning in this current system? + +This is leading to [greater alcohol consumption in America](https://www.theatlantic.com/magazine/archive/2021/07/america-drinking-alone-problem/619017/). Prohibition is not and never is the answer, but the causes of this anxiety and drive to drink have to be addressed. + +[https://www.youtube.com/watch?v=3Xa1L01ZNaY&t=144s](https://www.youtube.com/watch?v=3Xa1L01ZNaY&t=144s) + +'Like Loki, Maher can be a smarmy worm, but he loves to be right!' I do believe he tries to be an honest broker, please don't hate me if he's not your thing. + +So Apes, on this long holiday weekend, please take care of yourselves and look to the person to the left of you and to the right of you—we are all in this together. + +Have a great rest of the weekend and enjoy the fireworks! + +[BOOM!](https://i.redd.it/yg7orrgrb3971.gif) +After all of this? After YEARS of holding? YEARS of the bullshit and manipulation? Days upon weeks, market open until close, opex to nopex, FED to FUD, short and distort? Do you actually think we give a flying f*ck about what you are doing to fuck this market and the one stonk you SHOULD NOT have f*cked with?? + +IT DOES NOT MATTER WHAT GAMES YOU PLAY. + +We will buy. We will directly register. And you will f*cking lose. + +Greetings from Margaritaville, you f*cking greedy financial fucks. NOTHING WILL STOP US EXPOSING YOU. +As we go through higher than expected inflation, there is a government iBond that will pay initial interest rate on new Series I savings bonds is **9.62 percent**. You can buy I bonds at that rate through October 2022. I will not be surprised the next rate will even be higher. [Here are the instructions how to DIY online with Department of Treasury.](https://www.msn.com/en-us/money/personalfinance/series-i-bonds-pay-record-9-62-interest-rate-here-s-how-to-buy-them/ar-AAWXe4h?ocid=msedgdhp&pc=U531&cvid=25df6b39c55547e1bc0641d5b45f0b83) Just fill in and give them your bank routing number. + +For gods sake, make a hard copy of your iBond receipt and keep the password and account # in a safe place. There is no state income tax so you get more than asked for. +I am typically a value oriented investor and focus heavily on valuations. Fundamentals on Google are sound: strong recurring revenue base, monopolistic tendencies, value add to customer, network effects, cross selling across revenue streams etc. I find it hard to argue that Google is going anywhere anytime soon. + +Valuation wise, many think that FAANG is overpriced. Some of it is. Google trades at a whopping 37x earnings! But only 24x forward. And only 15x fwd EV/EBITDA. That is the metric I will focus on for now as I tend to use DCF models with EV/EBITDA terminal values. The average EV/EBITDA multiple over the last 10 years is about 16x. The lowest was 10x and 10x is the lowest it ever traded since IPO. Using a DCF model and using ultra bear scenario of the following assumptions: 2022-2025 revenue growth of 0% annually (yes, correct), gross margins of 55% (below the 10 year average of 60%), operating margin of about 23% (10 year average 25%), D&A constant at 8% of revenue, Capex in line with Bloomberg estimates approx 16-17% of revenue, and change in NWC of about -3% (consistent with last 4 years). WACC is 9.5% and used a 10x exit multiple. This estimates an intrinsic value of $2068, about -9% from current values. And that is the bear case with ultra bearish assumptions. + +The base case then with revenue growth of 10%, same margins, higher depreciation based on consensus estimates, and an exit multiple of the 10 year average of 16x yields a price of $4831, upside of 112%. + +Of course, I never truly depend on a DCF model to provide an exact price because there are so many assumptions that will never play out as expected, but it is a great tool to identify what factors impact price and some worst case scenarios. It is further evidence to me that Google is one of the most undervalued large caps with a wide moat around its largest product, expanding its range and interconnectivity of its products constantly, and generating a significant amount of cash in the meantime. + +Let me know your thoughts. + +Edit: Cant disagree more with the Mod post below. EV/EBITDA is a widely accepted method of DCF analysis especially when comparing firms with varying amounts of leverage. EV/EBITDA is a terminal multiple used to estimate a value for the company at the end of the forecasting period. The forecasting period still uses FCFF. I find it weird that these mods can just post their OPINION on these threads and state it as if it is a FACT. All of my thesis and modeling is clearly opinion and open to discussion, where the Mod is not for whatever reason. +I know it would all depend on if he could get anything through congress, but if he did, would the net effect be positive or negative for the economy? + +For example: + +Are his socialist policies regarding education reform what we need help get people out of debt and spending more? + +Or would the increased corporate taxes kill investment? + +I have to admit, it was difficult and almost sounded irrelevant to me living here in India when I first started reading this sub reddit. + +Reading money is dollar terms, leaving house at 15 without any money, such large student loans is as foreign to me as eating alive octopus. + +However, reading it over few weeks, Poverty finance has become a prime source of inspiration for me. I consider myself a saver, many people in life don't get or appropriate that. This subreddit has filled me with support and encouragement. Also reading humble stores of people just trying their best to make to next paycheck through debt at el is just surreal and makes me truly feel that "we are in this together.* +Almost three years ago - when prices where down between 60 and 80% from previous ATHs - my girlfriend asked me to place a bit of her money (nothing massive, just what she was prepared to lose) into crypto. I diversified it for her by spreading it between several relatively "safe" coins. + +*I*, on the other hand, invested a bit more of my own money. I have been checking the price often, with my funds I tried to time the market, thinking I could outsmart it. I panic-sold low, bought back higher. All the idiotic new investor stuff, I did all of it. + +I suppose it was a worthy lesson, I wanted to learn to be a somewhat more "active" "investor" (after all, one of us had to be), and so I did. But in the end, the BTC value of my portfolio is just about back to where it would have been, had I just hodled (only because I eventually got lucky, AND learned to be patient). + +Meanwhile, my girlfriend has never asked me how her investment was doing ever since, or checked the price of crypto. I don't know how she does it. She spared herself all the stress and, you guessed it: her portfolio has performed better than mine. + +She is the perfect hodler. Be like her. +1. He believes what is currently happening in America is not new. We were a previously untested global economic superpower but we are slowly losing our dominance to China, just how countries in the past did. + +2. We are losing our dominance to China because we over-exerted our status at the world reserve currency because we printed too much money, just like other countries in the past did, giving China an opportunity to rise. + +What do others here think about his short film? +PayPal CEO Dan Schulman provided new details about the company’s recent embrace of Bitcoin and other cryptocurrencies on Monday, describing plans for shopping tools as well as potential partnerships with central banks. + +https://fortune.com/2020/11/02/paypal-cryptocurrency-bitcoin-venmo/ +I've only just realised how much my subscriptions are adding up these days. + +I was wondering how people find it best to manage them? + +Would love to get some feedback on this, whether you track this manually or have any apps that you use for this. +I do have graphics that supplement the information provided here, so check out the full video to get a better understanding of my findings: https://youtu.be/eAdbJSZFl74 + + +* Now first off - as a consumer - I love this service. Been using it for about 3 years now, and no plans to stop. It's one of the few services I use almost EVERY SINGLE DAY. I would say the majority of my friends have a Spotify account as well and whenever we are out at a party and someone wants to play a song - Spotify is the go to app. But does this company have a good future from an investment perspective? + + +* So first before we get into the nitty gritty, let's take a look at their business model. What I found was that they work on a freemium model to convert their free users to premium users (there's a graphic I have on this that's in the video...). The benefits for Premium include Ad-free music, On-Demand - so you can select and play any track you want - and they allow you to play songs offline. They claim that this is the ideal model as it helps them attract users who want a free-ish platform, and over time convert them to a premium user. However the drawback here is that converting a user from free to premium takes time, and once they are premium, it takes time to pay off. In fact, Spotify says that it takes them 12-months to break even on subscribers - so that is a long turn around time even after a user starts paying for the service. + + +* I can really see Spotify being something pretty big in the future, however, competition is heating up as they currently they compete with Apple - Apple Music, Amazon - Prime Music, and Google - Google Music. They also have smaller competitors like Pandora and TuneIn on some levels and this right here is my biggest red flag - however it may not be all that bad. They are continually growing with DAU and MAU YoY (graphic in video) - which is a good sign - but eventually this will slow down and they will need to look at other sources for revenue. + + +* I really like comparing Spotify to Netflix - back in the day when Netflix was building up steam, people compared it to Google Play Movies, Hulu, Prime Video, etc. But NFLX has managed to break past the hurdles and really leapfrog the competition - they are the GO TO platform for TV shows and movies. And how did they get here? IMO it was through Original content - and this is how I think Spotify is going as well. The way I see Spotify is that it will eventually become it's own record label and they will hire artists to create songs and albums exclusively for the Spotify platform. This will encourage people to stay subscribed to Spotify, and will encourage new users to join the platform. If they continue on their current path, sure their user base will keep growing, but how can they truly monetize?. Subscriptions only go so far, and eventually they need other sources of revenue. Maybe we will see concerts hosted by Spotify, maybe they will host exclusive music festivals? There's a lot of potential - but we have yet to see them to anything significantly different from just Music Streaming. Podcasts are picking up popularity on Spotify - which is another growing segment for streaming - but this will eventually hit the same hurdles they currently face with music streaming. + + +* Revenue has been growing YoY (graphic in video), however the bulk of it is from subscriptions and very little is from advertising. I think that this advertising piece needs to be a lot bigger to take them to the next step. + + +* So should you buy Spotify stock? Well, they are currently a company that is focused on growth, not profits and this means they are fine with losing money in the short term for potentially big profits in the long term. This is not a stock for value investors, but it may be a good stock for growth investors due to the potential market reach they could have in 5, 10, 15 years. I personally am going to continue being a customer of the service, but as of right now, I'm not going to be an investor until they can prove a model to me that shows consist profit in the BILLIONS. + +like, i get that “satoshi” is homage to bitcoin’s creator (even though that probably isn’t their name), but it just doesn’t feel like it fits well. “bitcoin” is such a beautiful, logical, and ingenious name thats rolls of the tongue (as i would expect from the genius that invented and named it) but “satoshi” just isn’t and doesn’t—especially when pronouncing it “sats”. i always felt like “bits” made perfect sense: a bitcoin is a coin made up of bits, and 100 million bits make up a bitcoin—bits and coins, digits and money, together in perfect harmony. it sounds like something straight out of a videogame too: “that coffee will be 10,000 bits.” versus “that coffee will be 10,000 sats.” and if you divide further, you get millibits and mbits, which is still easy to say and still sounds cool, versus millisatoshi and msats. i saw that apparently “bits” was proposed for a unit of 100 sats, but that’s just unnecessarily complicated; in america we use dollar whether its $1 or $100 or $1 billion and it works just fine. im sure it’s a losing battle but the word “satoshi” just sucks aesthetically and linguistically and i hate it. + +edit: yes “bits” is also the name for the most basic unit of data, but falls in line with what .00000001 btc is and makes perfect sense as the word for a basic unit of money; “run” and “set” have over a combined 1000+ different usages and yet we use them just fine without confusion. some of you act like satoshi shouldve literally named bitcoin “digital money”. + + +Hi everyone, + +looks like JP Morgan is offering a 5.25% CD right now. I think it looks good to me, but before i pull the trigger i was hoping to see what other peoples perspective might be + +Jp Morgan Chase Bank Na (TAXABLE, MULTI CALL, COND PUT) +**Trade** + +Coupon +5.25 +Maturity +Nov 22, 2027 +Quantity bid/ask +\--/5000 +Price bid/ask +—/100.00 +YTM bid/ask +—/5.25 +YTW bid/ask +—/5.25 +As the title suggests, I ran into a boon (or a curse) and inherited a great deal of land in East Georgia. + +I'm not sure what I can start doing with this land to have it start making money for me a year or so from now, so I'm asking for some guidance. From what I've seen, it's undeveloped. The entrance is on a paved road about 5 minutes from a charter school and some residentials, 10 minutes from a major highway, 7 minutes from an energy cooperative. Nothing else strikes any interest really, I believe two ponds are located on it and bunch of forest. Reception stinks out there as well. + + +What do I do to make this plot into a mcchicken generator? +They have adopted the name to trick users in mining there. You want to use the links listed here https://en.bitcoin.it/wiki/P2Pool like http://p2pool.in/ and setup the actual p2pool. +so in my contract for my apartment my Land Lord stated he will deal with all the council tax. a year later i get a court summons for unpaid council tax for over £1000. i also find out that the 2 apartments are still registered as 1 house according to the council/government, so the landlord never registered the house as 2 apartments . the account has my name on as i moved into 1 of the apartments first. i have managed to get my court case pending while an investigation goes on for my case. I told the council my landlord needs to pay. All this started about 3 weeks ago and progress has been slow. i was thinking about not paying rent until he has sorted the bill out. + +i moved into my apartment 1 year ago and it was advertised as an apartment on the letting agents website. + +Any advice would be greatly appreciated +I'm about to make a lot of purchases and whilst I have the cash I know the buying them on a credit card would be smarter. I've been reading forums but they're not really helping, so I'm turning to you guys for some more anecdotal reasons why you're happy with the one you chose. +I defaulted on overdraft payments with Lloyds mid 2019. The sum is roughly £3,000 and this amount still shows on my credit report as in default. + +Over the last 6 months I've been contacting various credit cards and paying off old debts. I've had no problems dealing with other lenders, but Lloyds have said I don't owe them anything, despite it still showing on my credit report. + +- I know I haven't paid that debt off +- I have called them multiple times to ask to pay it off and they have said my account shows my balance as £0 +- I cannot access the online banking as they closed the account when it went into default in 2019 +- They have sent a letter confirming I owe £0 on the account. + +What's gone on here? How could the debt vanish and do I still owe them the money if they repeatedly deny me owing them anything, despite it still showing on my credit report?!? + +Any advice would be greatly appreciated 🙂 +https://www.cnbc.com/2020/10/19/iphone-12-pre-orders-sales-exceed-iphone-11-top-analyst-says.html + +First-day iPhone 12 pre-orders surpassed last year’s iPhone 11 pre-orders, according to top Apple analyst Ming-Chi Kuo of TF International Securities. + +Kuo said Apple sold up to 2 million iPhone 12 models in the first 24 hours of pre-orders, up from 800,000 units of the iPhone 11 for the same period last year. + +China has the most demand for the new iPhones since the country’s 5G networks are more widely available than they are in other countries, he said. +Lmao. What is there to lose? + +Most people are debt slaves on cars, homes, student loans, medical bills, credit cards... + +I can see why gamblers or scratch tickets/lotto addicts start. There isn't a fucking way out, especially for any generation after boomers. Considering home prices are retarded, inflation blew out whatever I gained in pay increases and daily expenses, and medical costs being shit in the US with more and more medical professionals leaving the field, I don't see much more I can lose. + +My downpayment for a fucking decent home means absolutely nothing if a shit house is around $350k (requiring me to work in my workplace and at home with time I don't have), and anything decent goes $500k and up (Requiring me to live paycheck to paycheck, with no emergency fund to save me from losing the home.) + +Economy is going to be fucked someday because of "bull" financial institutions being way fucking over leveraged with the average person's money. Oh yeah, the government is a cuck for their bull, so they just watch as everyone else is fucked. + +I want my fucking chance. + +- I don't want to worry about being fucked over financially until the day I die. + +- I don't want the only inheritance to my family to be debt. + +- I don't want to settle for living less even with a good job and a degree. + +- I don't want to rent my entire life. + + +We're fucked. All in for a fucking chance to escape this nightmare. Anything I don't need to take care of myself is going into GME from this point on. Rent, food, gas, bills; that's fucking it. All my savings is in GME. + +Why live in a false sense of luxury? Why buy shit you don't need? Greed and pride got the world into this mess, what do you think is the best way to get out? + + +Food for thought for everyone. This is my plan, and I don't really give a fuck if you want follow it or not. I legit am a moron**, not a financial advisor. + +**DRS motherfuckers** +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. +Say you were writing a note to your younger self. The younger self that is comfortable with chart reading and the the mechanics of stock trading and is now about to jump off into options and is feeling a bit overwhelmed with the offramps available from the main path - and wondering what to devote your somewhat limited avail time to study, but knowing when you're on you will be 100% focused- + +Knowing what you know now, and how many strategies and nuances and methods exist , where would you tell yourself to start - to blend a degree of optimism in upside vs not blowing out your knowingly/purposely small account of 1-3k? Would you tell yourself to try many methods and learn many skills or spend time learning the building blocks but then combining all of that into a singular method that would be refined? + +And what pitfalls would you make sure to mention, and the things you would not waste time on, be they people or strategies? + +Would you tell yourself that forget that other sea of books or vids and buy just this, or list of 5 books etc to really tighten the learning curve, etc. + +Looking back, how long did it felt like it took before the game slowed down as it were - and the lightbulb went off? + +Thanks a million from a newb, but a commited newb seeking insights.At the moment I still feel like I am reading a book about engine repair, only the book is in a different language and I am in baby step mode. +There is a lot of new people entering Bitcoin. If you are new here you don't understand what Bitcoin is. The most important part is to understand what bitcoin is, and what gives its value. Here is a bullet list of things to grasp. + +***I'm not writing this for an argumentation or your opinion, i'm doing this to help you understand better and AVOID BIG MISTAKES, if you get "offended" take it elsewhere. I have seen many making the same mistakes over the years. Real bitcoiners/hodlers are really hard on certain points like shitcoins. This is not to be mean or trash the "idea" behind the coin, but to warn you that you will likely lose all the money.*** + +**This is what you need to do and understand to survive well** + +**Bitcoin** + +1. Bitcoin is not an investment. You cannot think of it as gold or a stock. Instead think about it as an adoption curve for a new technology, like the radio or TV. But this is the adoption of a new currency or more accurate a store of value. Nothing we have ever seen before. Hence it is not an investment it is something you use to save wealth. See the price as the adoption curve. Maybe hyperinflation kicks in and all your fiats are worth nothing. Btc is the only fixed thing we got. Hence, its the standard to compare against. Therefore its not an investment. If you say it is you do not understand my point. +2. You are still early. +3. Bitcoin will be "stable" when adoption happends. The volatility is not an issue. Your time preference is. See 25. +4. Do not sell bitcoin to "take profit". Do not have weak hands. Enter bitcoin with the mindset that this is your savings. You sell when you need to buy something in fiats. +5. **HODL** +6. Do not FOMO. Bitcoin will keep going up, within a year it might be above 300k USD. In 10 years it might be 10 million. But it will not be zero. If bitcoin goes to zero we have much more primal issues to deal with. +7. Therefore with this knowledge DCA, buy bitcoin every month, spare some to buy during dips. +8. In doubt zoom out on the chart +9. You need to watch Bitcoin in logscale on charts. +10. Everyone buys in at bitcoin in the price they deserve, it's human nature. +11. You can try help other get into bitcoin but you will mostly fail. +12. Don't tell everyone that you own bitcoin. +13. Use tor, VPN etc when using btc. +14. Don't fall for the phishing attempts. No one legit will ask you to enter the seed or pins. +15. Bullrun did just start +16. In a bullrun bitcoin does a bunch of 30-40% dips, it can last a few hours to weeks. +17. When bitcoin goes up it goes up fast. +18. If we do not enter hyperbitcoinization were mass adoption happends, we will probably hit around 300k USD +- 100k in this bull run. This is simply because of the inbuilt properties of bitcoin. Then we might have another 80% pull back. But this time more big players are in, that doesn't have weak hands. Hence do not count on a 80% pull back. +19. DO NOT TRADE BITCOIN, you will lose money +20. DO NOT BUY OR TRADE SHITCOINS, you will lose money +21. EVERYTHING ELSE than BITCOIN is a shitcoin. +22. Bitcoin have no real competitor. +23. Governments wont ban bitcoin +24. One very important part of bitcoin is that its founder(s) is unknown and it needs to remain that way. Otherwise decentralization will not really work. +25. Only invest what you are **NOT** willing to lose. +30% of all USD was created in the last 10 months. Inflation is high and it will be higher. Somewhere the prices need to adjust the new money base. Even gold lost +90% of its value the last 100 year. +26. Always store Bitcoin in cold wallets. You control the keys. +27. Never enter the seed phase into a computer. +28. Assume your computer is compromised. +29. When sending, double check all the data. +30. When sending a lot, first send a little amount to check it works. +31. The entire blockchain is broadcasted with satellites. +32. Order btc wallets etc to another adress than you live at If you can. +33. Bitcoin have no upside because fiats have no bottom limit. +34. Best time to buy bitcoin is now. + + **Bigger picture** + +1. Most of what you learned in school is not accurate. They taught you that deflation is bad, that when something gets cheaper people will stop buy it. What a lie! No one here have experienced real capitalism. Issues blamed on capitalism is often originated from governments. Capitalism needs a free market of capital to work, which we haven't had for over 100 years. +2. People talk about bitcoin scaling issues, increase block size etc. Thinking 5 min transaction is taking to long. They fail to understand that you should not compare it to VISA. But with golds properties. You can move 100M USD in Bitcoin for 5 USD and it takes 10 min, this is madness. In any other goods it takes 2-20% to move capital and a long time. Moving 100M USD in gold. That will probably cost +100K USD and take 30 days. Selling a house? Taxes, the house could be for sale for years. +3. Hardest money always win in a free market. +4. Bitcoin was created to separate the state and money. And to create the money with most scarcity. Making it the hardest money. This is a profound idea never used in the modern world. +5. To really understand bitcoin you need knowledge about Austrian economics, psychology and history. +6. Hard money like Bitcoin affects its surroundings, it set the tone for society. It creates a low time preference world, **which in history have more peace, inventions and development for humans. Because everything have to be paid its real price and therefore must be PRODUCTIVE.** War is pricey. If you are out of money you cannot keep the war going, but today they print money (aka taking your money) to keep it going. Or say social programs: Everything the government does is ineffective by nature. Running a deficit because of a non productive health care system is done today, many countries does it. But it doesn't work under a hard money system with real capitalism, because **it has to be effective and produce real value to humans.** Running a deficit with hard money and no monetary policies means increased taxation. If the government taxed you the real cost for their spendings you would not have much left. That is why we have fiats that the central bank can expand, so the real cost doesn show as easily. The median salary haven't moved for 20 years but the median home have doubled in price, health care and education have gone up 200%. Thats where they took your money. The first covid subsidy you got in america, they took 18600 USD from you and gave you 1200 USD back. Since ww1 (mostly 1971) we have lived in a high time preference world that works like this. Understand inflation and the effect of low and high time preference has in society is important Bitcoin changes this aspect to low time preference. +7. Inflation is not price increase, it is expansion of the money supply. Price increase is a symptom of the disease. +8. CPI is not accurate measure for inflation. Asset and monetary inflation is better. +9. Government creates monopolies, not free markets. +10. Deflation is good. Things get cheaper and better. +11. Learn about the Cantillion effect. +12. [https://wtfhappenedin1971.com/](https://wtfhappenedin1971.com/) +13. You have not experienced bitcoin until you have went through an entire bull and bear market. +14. Go down the Bitcoin rabbit hole +15. Modern Monetary Theory, keynesianism, monetarism is all wrong, they all come to different conclusions but all ends with monoplies, deficit, no free capital market and Inflation. +16. Do not touch shitcoins. + +&#x200B; + +**Some good books to read** + +The Bitcoin Standard by Saifedean Ammous + +When Money Dies By A Fergusson + +Road to serfdom By Hayek + +BItcoin hard money you cant f\*ck with by Jason Williams + +The Sovereign individual by William Rees Mogg + +**Some good podcasts** + +The What is Money Show by Robert Breedlove + +The ALSLAX podcast + +The Bitcoin standard podcast + +The Pomp Podcast + +The investor's podcast network + +What bitcoin did podcast. +i like how ppl are trying to farm donuts and karma with increasingly populist nonsense that has absolutely shit fuck to do with ETH + +to name a few examples Ive seen posts about social media, LRC, even AOC and political debates. + +do you ppl need reminding this sub is called ETHTRADER? if it aint got anything to do with ETH pls keep it off here. + +to quote the sub description "Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects" +Whilst not an active stock investor no one articulates the value of a long-term investing mindset than Warren Buffett and thought others could benefit to hear his wisdom at this time too - [https://www.youtube.com/watch?v=69rm13iUUgE](https://www.youtube.com/watch?v=69rm13iUUgE) +I've heard the job supply is pretty high at them moment - but upon digging through seek, I only see the normal bar & tele sales jobs dominating the listing as per any other time. While these are honourable work, unless you're some kind of manager it looks like the work is far from a full time income. + +Ive also seen ads for fruit picking jobs on facebook, thats about the only new thing, and kinda relies on uprooting your life for hard minimum wage labour + +On top of this, to me it looks like a lot of retail and tourism jobs have gone the way of the toilet. + +I'm wondering if yall have any broad insight into industries who are booming with full time ish jobs, especially in and around sydney, and those that are less obvious when trawling seek? + +&#x200B; + +Appreciated, a recently funemployed redditor. +I have still some shares with PostFinance and asked them about the split and they just told me, that it was a regular split. I told them that this has to be a mistake because it was supposed to be a split via dividend but they don't seem to care. + +https://preview.redd.it/p61kibmo2hf91.jpg?width=722&format=pjpg&auto=webp&s=049ddaa74717032b2beabb14208706de68582616 + +Translation: *In a split, the whole quantity is usually booked out first and as soon as the corrected quantity arrives from the depots. This is correctly listed in the corresponding document: GAMESTOP CL A ORD ISIN: US36467W1099 NKN: 2274310 -xxx GAMESTOP CL A ORD ISIN: US36467W1099 NKN: 2274310 1 : 4 +xxxx Do you have anymore questions? Contact us. We are glad to be here for you. With kind regards* + +&#x200B; + +Another swiss ape called Swissquote and recorded the conversation, he was speaking to a specialist and he basically told him the same thing... They think that we don't care because it doesn't change the value... And even if they handled it as a splividend we would still have the same amount of shares with the same price as now. + +In an ideal world where all shares are real this would be true, but we know that this isn't the case. They are diluting the float with fake shares and therefore they are financially harming us, the investors of this company. + +If you have still some shares with PostFinance or Swissquote, I ask you to take action now and report this to Finma (Swiss SEC) [https://www.finma.ch](https://www.finma.ch) + +If you have shares with other institutions in Switzerland, please ask them how they handled the Split. + +Be kind but ask questions, it's your investment! +“Very few people have the opportunity you have. Not many people are financially able to stop working and do nothing. Not many people can truly retire in midlife, during your prime earning years. Most people can’t afford to stop working, even if they want to. Even if they hate their job, they can’t stop working. So don’t take this gift lightly. It is a gift few people will ever be presented with, so take it. Take a year to do nothing.” - From RK book 'Retire young retire rich. + +Checked this book out from the library, read this quote and thought I'd pass it along. + +What other pieces of advice have you found helpful around the transition period? +Hey Reddit, + +I’m a 15 year old in high school, and although I’ve always thought about investing in stocks, I don’t understand it that well and I don’t have that much free time (I’m in school when the market opens and closes) so I never invested. I have a custodial account, and I was wondering if taking the time to invest 100 dollars will be worth it in the end. I don’t have a job yet, so any money is better than no money for me. I also fear that I could lose most of this, so if someone can give me some advice for the current stock market, I will appreciate it. + +Thanks! +**Market Volatility** + +At the close on Friday, **SPY** options were pricing in about a **2%** move in either direction for the upcoming week. That corresponds to about $376 to the downside and $392 on the upside. The Nasdaq and Russell saw wild swings last week and options are pricing larger moves for this week than SPY: + +**QQQ 2.9%** +**IWM 3.3%** + +The VIX got near 32 on Thursday and closed below 25 on Friday after that monster rally back. Implied volatility in the big ETFs can sometimes have a hard time pricing two-way movement like last week. The indices were practically unchanged on the week but were seeing intraday moves larger than what options were pricing for the entire week. The VIX collapsed on Friday on that rally but it certainly wasn't due to a lack of stock movement. In other words, if one is trading pure IV out a month or more those changes in VIX are tradeable. If one is trading a week or two out, it's all about the expected move... where the VIX or individual stock IV is at entry is less important. + +**Tesla** is an interesting name right now as it's sort of representative of the selling going on in recent high flyers. Even with the rally Friday afternoon in the major indices TSLA closed down on the day by 4%. Here's a look at TSLA's expected move over the next few weeks via Options AI: + +https://i.redd.it/scv0hs3hlol61.gif + +Options are pricing about a $50 move in either direction for this week, and about a $90 move for the rest of March. + +**Earnings this Week** + +Earnings season isn't as active this week but a few names of interest do report. Here are a few of them, their expected moves for this week and how they moved in prior earnings. For a full searchable database you can use the Options AI Calendar (which is free to use). The links in the symbols are to the calendar, the prior earnings moves start with most recent and go back in time: + +[PRTS](http://tools.optionsai.com/earnings/NIO) / expected move **20%** / prior moves: -23%, +3% + +[DKS](https://tools.optionsai.com/earnings/DKS) / expected move **8% /** prior moves: +0%, +16%, +4% + +[AMC](http://tools.optionsai.com/earnings/WKHS) / expected move **17%** / prior moves +9%, +15%, +5% + +[CLDR](https://tools.optionsai.com/earnings/NVAX) / expected move 12% / prior moves +7%, -12%, -13% + +[ORCL](https://tools.optionsai.com/earnings/SHOP) / expected move 4.5% / prior moves +2%, -1%, -6% + +[JD](https://tools.optionsai.com/earnings/TLRY) / expected move 7% / prior moves -7%, +8%, +4% + +[DOCU](https://tools.optionsai.com/earnings/BIDU) / expected move 9% / prior moves +5%, -11%, -0% + +[ULTA](https://tools.optionsai.com/earnings/FSLY) / expected move 7% / prior moves -3%, +6%, +0% + +A note on expected moves. Options need to price in both the overall market volatility and the earnings event itself. So a company reporting on Monday still has a few days for the stock to move after earnings and before expiration, while companies reporting on Thursday can move with the market before they report. The percentage moves will be roughly the same barring huge moves in market IV, but obviously what the percentage moves correspond to in the stock will change depending on where the stock is into its event. + +The expected move is extremely useful not only to get a sense of how the crowd is pricing moves but also on strike selection in any option strategy. An oversimplified way to think of it is that if you own premium with a breakeven beyond the stock's expected move you need the options market to have underpriced the move, even if you get the direction correct. And if you are a net seller of premium you want the options market to be overpricing these moves, especially if you get the direction wrong. +Hi, I been trading manually for 4 Years and Programming Python for about 1 Years (Still a beginner). I want to Jump into algos trading. + +My question Which platform should I choose first to learn the basic of coding algos? Is there one easier between the two? + +Thank you +I'm working on a hobby project where I analyze stocks that were bought by members of the US congress. Given that they are effectively allowed to perform insider trading, we can assume that at the time of purchase, the stock *appeared* to be a good buy based off of some hidden knowledge. However, some of these trades happened 30ish days ago, so it's possible that the stock already jumped and it's too late for us to reap the same rewards. So, how can we make a good guess on this problem? + +Here's what I've come up with so far: + +1. Analyze the percent return if the stock were sold at its most optimal time between the purchase and today and then contrast that with the amount of money that was put into it. So, if it's a small purchase, we likely can expect a small return but if they bet big, we might be able to assume a big return. I'm not sure if this approach is particularly good though, as the size of the purchase might only be a measure of the certainty that it'll increase in value and not necessarily the amount by which it would increase. +2. I can use SMA's to see the general direction of the stock to try to pinpoint if it's still moving in the right direction and to try to detect *when* it should be sold. + +I'm a competent developer, but I don't know a ton about stocks so I really appreciate any feedback you may have. +If a man or woman develops a trading strategy and algo that consistently beats the market while maintaining a good sharpe ratio and diversification —- what is it worth? + +I’ve just started algo trading as a hobby. I’m an engineer, but I have a strong interest in economics. I’m trying to grasp the environment, and understand algo traders end goals. +So I started investing a little over a year ago and unfortunately put most of my money into stuff reddit was talking about. Here’s what I’m down on 15+% on: + +UPST -59% + +MSOS -56% + +BYND -54% + +ARKG -52% + +PLTR -51% + +PYPL -50% + +SQ -49% + +ARKK -45% + +CRSR -44% + +ARKF -43% + +ICLN -31% + +DIS -22% + +SOFI -17% + +Now I also have some stuff up big (BAC, HD, TQQQ, COST, etc) but these “growth” stocks are taking up too much of my portfolio and at this point I don’t know if it’s best to sell at a loss and buy index funds/safe stocks or average down since I don’t want to buy high sell low. Any advice? +7,639 users here now. Am I tripping? Or did everyone go to bed early except automod? I don't know about you guys, but I feel some weird shit is going to happen soon. I don't have anywhere else to talk about it except here with all of you. I think you guys feel it too. This is just a little more weird than the usual bullshit. And sudden. + +Stay hydrated, y'all. + +Edit: Numbers are going back up. Welcome back, freaky people! + + +Hoping to get the perspective of this sub on housing in our situation. + +Married under a year, both 31. +Wife and I each make 200-250k, combined income 400-500k annually depending on bonus. +NW 600k between cash, retirement accounts and index funds. + +I recognise our NW is low for our current income, we've both had decent increases in the last couple years and had student debt to clear. + +The housing market in Toronto has exploded in the last decade (100%+ increase). In some ways I feel like we missed the boat. A liveable detached house within a 1hr commute of downtown is about 1 million, with the more desirable neighborhoods/school districts closer to 1.5m. These aren't mansions either, in many cases we're talking bungalows at this price. + +The thought of a mortgage that large gives me nightmares, I don't understand how people are doing it. + +Curious to hear from people in other HCOL cities if you can relate and perhaps share some advice. Thanks! +As the title says, I am wondering how people view any equity appreciation in their primary residence as part of their FatFIRE. I guess the biggest part of the equation is if you are going to move or stay put, as that will determine if you cash out or not. + + +For those of us, who were lucky to buy a house several years ago, it is hard for the equity to not be a big part of the net worth, as market in Coastal California has been going straight up and with leverage, the returns on capital have been very good. + + +If you are thinking about moving, do you consider timing the market and selling as you approach FIRE, so you don’t have to take market risk in an illiquid asset class close to your goal? Or do you hold until you are about to rip the cord and then start thinking about selling, moving etc? + + +If you are planning on FIRE where you are, is equity in primary residence even a factor? i.e. if you have a $1 mn mortgage, your monthly payments with taxes etc. are likely ~$5-6k. That doesn’t include maintenance etc. So even if you have $1 mn in equity, it is kind of irrelevant, as you will need liquid savings to support $70-80k to just service the mortgage. So essentially, your net worth will have to be at a minimum $2 mn so that your SWR supports your house. + + +Finally, having prime RE is a pretty desirable asset. Especially in places like Bay Area, it is hard to see how the importance of technology will decline. So chances are most technologies of the future in both tech and biotech will continue to originate from there, continuing to generate a lot of wealth. Given aversion to building, keeping the residence even if you move, so you can rent it out, is pretty tempting. + + +Anyway, I am at least 5 years from FIRE, assuming RE market holds, but my equity in my house is a big part of it. + + + + + +And if you want to take this in a different direction, I am curious what your thoughts on the long-term trends in Bay Area RE are. Obviously this is all pure speculation, and we are all just guessing, but always good to read what smart people think about these topics + + +Positives: + +- Limited supply + +- Chances are that Silicon Valley will remain the global center for innovation in Tech and Biotech generating a lot of wealth + +- San Francisco/Bay Area still has meaningful room to go as far as affordability is concerned when you compare it to global cities. This is an old post, but gives you a sense how many more glbal cities are “less affordable” than SF (https://www.financialsamurai.com/the-cheapest-international-city-in-the-world-san-francisco/) + +- Foreign buyers want to be close to great universities and all the innovation + +Negatives: + +- I think it is possible that over the next 10-15 years we will see meaningful legislation that shakes up the market. Either repealing prop 13, loosening building restrictions, or banning foreign buyers, or some type of new taxes + +- Deflation of Tech valuations + +- Global warming impact on coastal places + +- Earthquake (although, if Christchurch is an example, RE prices will ultimately increase meaningfully) + +- People leaving to avoid taxes + +I want to add real estate to our portfolio (direct ownership) and have as good a grasp on the basics and financials as you can get from the literature. As far as actual experience, I have none. Most sources recommend starting out small-- single family homes. Does that hold true for the fatfire crowd? That I should build up experience dealing with SFHs before going commercial? Ultimately, I'm seeking a buy/hold strategy as hands off as possible using property managers. I'm happy throwing everything into possibly overpriced stocks right now, but I want the flexibility of adding something like real estate to the mix if the numbers work out (or we hit another real estate downcycle). +I want to add real estate to our portfolio (direct ownership) and have as good a grasp on the basics and financials as you can get from the literature. As far as actual experience, I have none. Most sources recommend starting out small-- single family homes. Does that hold true for the fatfire crowd? That I should build up experience dealing with SFHs before going commercial? Ultimately, I'm seeking a buy/hold strategy as hands off as possible using property managers. I'm happy throwing everything into possibly overpriced stocks right now, but I want the flexibility of adding something like real estate to the mix if the numbers work out (or we hit another real estate downcycle). +India havent had any mainstream access to the internet until 2018 basically lol + +>In its ICUBE 2018 report that tracks digital adoption and usage trends in India, it noted that the number of internet users in India has registered an annual growth of 18 percent and is estimated at 566 million as of December 2018, a 40 percent overall internet penetration, it observed. + + +>It projected a double digit growth for 2019 and estimates that the number of internet users will reach 627 million by the end of this year. + + + + +Bullish on India tech and smartphone usage? Online delivery food apparently have skyrocketed. + + +>India Online Food Delivery Market is expected to be more than US$ 5 Billion opportunities by the end of the year 2023. + + + +Anyone have any sleeper Indian stocks? +I'm looking to see what behaviors and decisions make the difference between being ok financially, to being better than just ok. +Id love to hear specific stories of what you did to get where you are. + +Edit: Thanks for all the great advice! +So when this is all said and done Gamestop might be the largest company on the planet. What do you think they should do with all the new found Capital? Tim Pool suggested an idea which I think sounded awesome. I sure hope they do this. + +Gamestop should revamp all their stores and host game tournaments. E Sports style. You can pay a membership fee to join and come whenever you want to play games. They can sell merchandise still in the store and impulse buys. Board game and DND nights would be cool too. + +Combine that with an online presence like a Steam competitor and they could actually have a reason to justify a share price of $500 post squeeze. +I keep seeing on WallStreetBets and friends talking about TO THE MOON. 🚀🚀🚀 + +I get the idea. You wait for the shorts to be requested back by the stock holders and thus they have to buy the stock at whatever price its at. Making it jump higher and higher. + +However, what is stopping them from just sloshing funds back and forth for months with the restrictions? + +**TLDR:** I’m an engineer, so equations and how different variables affect different things are interesting. Especially questions about effects over time. The title is the only important part. +There’s far too much tribalism in crypto. People should have a sense of humor and be able to laugh at themselves and the coins they support. So I thought it’d be fun to start some more light-hearted shit talk about each coin and their holders. As a disclaimer, all of the coins I personally own are included in the list below, so not just trying to slam coins I don't support. + +You all are probably funnier than me, so add your smack talk in the comments. + +&#x200B; + +|Crypto|Why it sucks| +|:-|:-| +|Bitcoin|The God you worship named Satoshi is so ashamed of his creation that he refuses to reveal his true identity| +|Ethereum|More like E**fee**reum, amirite?!| +|Tether|Trust us guys this coin totally isn’t a sham and is 100% backed by USD. Don’t worry we audited ourselves to confirm this completely true fact so obviously there’s no need to ask any further questions| +|Nano|That kid in school who thinks everyone hates him because he’s smarter than everyone else, but in reality he’s just really fucking annoying| +|Uniswap|People who think unicorns are cool are the same people who consistently talk about their patronus animal in casual conversations| +|Cardano|We’re a smart contract platform that doesn’t have smart contracts!| +|Polkadot|We chose a cute name like Polkadot so when this project inevitably fails it’ll still retain some value as a meme shitcoin| +|Ripple|plz be gentle daddy SEC| +|Theta Coin|Still trying to decide who’s crazier, people who believe in Theta coin or the scientologists who believe in literal Thetans| +|Litecoin|Lite on the use-cases, light on any feature development, lite on any logical reason for you to own this shitcoin| +|Stellar|We’re so cool that even our logo a rocket ship! It literally can’t go tits up!| +|Dogecoin|Owners are too stupid to realize Elon is mocking them and getting off on playing puppet master with their wallets| +|Algorand|Have you accepted Silvio Micali, MIT professor and winner of a Turing award, as your lord and savior?| +|Bitcoin SV|A great cryptocurrency, all-around solid| + +&#x200B; + +Edit: Some additional ones I've been posting in the comments + +|Crypto|Why it sucks| +|:-|:-| +|BAT|Users so desperate for crypto they get excited to watch ads for pennies| +|XMR|Privacy doesn't matter since no one cares about you or what you do with your whopping 0.22 XMR| +|Moons|The crypto Redditors pray gains value so they can rationalize shitposting all day.| +|NEO|The project that wanted to kill Ethereum, but settled for killing the financial wellbeing of all its investors instead| +|VeChain|You either die a shitcoin, or shill long enough to see yourself become like VeChain| +|Hedera Hashgraph|Holders think it's the Facebook to Bitcoin's Myspace, when really it's just the Google+| +|Tron|Can't decide between a shitcoin joke, a egomaniac founder joke, or a shill joke| + +&#x200B; +Since Ethereum is doing so great and we are not so far from ETH 2.0, I wanted to share something he says that shows the importance of blockchain and decentralization : + +"Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly." + +This is the quote who makes me believe in the crypto, and I really think that a better world is coming thanks to blockchain. +Reddit has done crazier things before. Here's the idea - we create a crowdfunding campaign to form our own buying syndicate. + +The goal of the syndicate is to ensure the coins are bought at near market price. Since the syndicate is public there's not really any other bidding strategy which can be employed since the competition will know our intentions and resources. + +But if we have enough funds to bid at a fair market rate and publicize it, it will force others to bid at least as much. + +And hopefully this will negate any effects on the market of selling these coins. It can't get dumped on the market since it is valued at market rate - there is no arbitrage opportunity for the buyer. + +For the average redditor, well if you planned to buy a couple of coins from Coinbase over the next month, why not just put that money into the crowdfunding syndicate and buy your coins that way? It's the same price and protects the value of bitcoin. + +If the bid is unsuccessful, the money is returned to everyone. In fact, just having the pool of money available without even attempting a bid might be a great bluff to the other bidding participants - do they risk not bidding market price and losing out? Game theory! + +Now I'm just a nobody and I'm not even in the USA. And I'm sure there are all kinds of things to be thought through - but let's discuss it. Who would be trustworthy enough to run something like this? And would there be interest? + +Let's do this! + +Edit: Well, I **did** say it's a crazy idea! :-) + +Edit2: This idea isn't new. Google did [something similar](http://techcrunch.com/2008/04/04/google-reveals-spectrum-auction-strategy/) to force Verizon to play nice. +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've wondered this for many years. Say I have $1 and I buy something. Just taking sales tax into consideration wouldn't a dollar eventually be used up in taxes exchanging hands so many times? + +To prove my point I wrote a small program in Perl. This also assumes the goverment (tax collector) also spends back into the pool. + +Here is the perl code: +http://pastebin.com/Cz0DzqRc + +What I found given every person starts out with $500 and a tax rate of 5.75% sells tax and any given transaction can range from $1-$10. + +Everytime roughly within 190k transactions the "tax collector" ends up with almost all the money and the only person with enough funds to continue spending. + +Where does my logic fail? I do realize there are non-profits and places you don't pay taxes. But you would think with as many times a single bill exchanges hands only for buying something subject to sells tax it would still be eaten up. + + +I've seen this debate on Twitter before and I'm curious to see what you guys think. The one side usually argues that in order to secure the assets built on top of the Ethereum network the value of ETH must be greater than the assets it secures. The other side then argues that it doesn't make sense for ALL the assets combined to be worth less than the underlying ETH because then ETH would be worth more than any other asset in the world. + + +What are your thoughts? + +EDIT: Forgot to clarify that this scenario in proposing would take place after Serenity and PoS would be in full swing. + +[View Poll](https://www.reddit.com/poll/aa4ozj) +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! + +The Agenda for the 10am (EST) dev meeting [here](https://github.com/ethereum/pm/issues/17) says that they are looking to approve a reduction in the issuance of ETH. So... time to buy, as in RIGHT NOW?! Or will this have no effect on the price? +The recent poll shows the community is divided but prefers to not completely spam Coindesk. I would like to propose a more reasonable approach: tag submitted Coindesk links with flair. The flair could simply read 'COINDESK' in striking letters for anyone who wishes to avoid the site. **This first poll will determine if a flair should exist for Coindesk. If the result is yes, a follow-up poll could be made to determine what the flair should look like and say.** + + +I personally think it would be nice to send a message to Coindesk by assigning the existing **'Misleading Title/Clickbait' flair** but I would leave the ultimate decision up to the community. + +[View Poll](https://www.reddit.com/poll/a61nif) +From the most hyped project to shit coin royalty. + +ICO Token Price: 1 GEM = $0.0750 USD + +They sold 2 billion tokens and kept 6 billion (Kept 75%!) + +$.0750 x 2,000,000,000 = Raised $150 million! + +Gems is down 98.21% in $USD valuation! + +In ETH, ICO was 0.000072, currently it's 0.00000825. Down 91.27% in ETH! + +Never released officially what they made in the ICO, rumor they couldn't sell it all and kept the rest of their tokens so they have even more than 75% and never burned the rest! + +When is the SEC going to get involved and shut this project down and send their team to jail for securities fraud? + +Fun fact: if you put in $1 million in the ICO it is now worth $17,900 + +Didn't know Harvard produced so many scammers! + +They censor you and block you on Telegram if you speak out against their Turd Project! +Seems ETH is stuck in a horizontal wedge, usually these break to the upside. + +https://preview.redd.it/1l88ksybqnk71.png?width=1236&format=png&auto=webp&s=a74fa856155bb01722c59d693502acfd1ac2653f +what would that do to the stock? https://www.youtube.com/watch?v=cdLbmbWGw80&ebc=ANyPxKp3MvvfzE5C7PgJ2lhgFs6ZIZRjikceHr6UlP1GJPFYcVLAiTcYytO7WmCAnI1zpA6sWY_NbjdrXeLKa2mZ55h6gjGcPQ +I am playing with a FIRE model I built up. + +I know the trinity study recommends a 4% withdrawal rate. Suppose however that I fire on 5% 2 years earlier than the 4% date - which should be ok in 50% of the cases per the model I built, in the other 50% where things go south I can always return to the workforce and work a bit more. + +The assumed growth rate after inflation is 6%. Which means on average there will be growth after fire to a degree where the drawdown will be 4% after 3 years. + +Has anyone fire'ed like this, what are the pitfalls? +https://www.cnbc.com/2022/03/02/fed-chair-powell-notes-highly-uncertain-ukraine-impact-but-says-rate-hikes-are-still-coming.html + +Federal Reserve Chairman Jerome Powell still sees interest rate hikes coming, but noted Wednesday that the Russia-Ukraine war has injected uncertainty into the outlook. + +In remarks prepared for dual appearances this week before House and Senate committees in Congress, the central bank chief acknowledged the “tremendous hardship” the Russian invasion of Ukraine is causing. + + +“The implications for the U.S. economy are highly uncertain, and we will be monitoring the situation closely,” Powell said. + +“The near-term effects on the U.S. economy of the invasion of Ukraine, the ongoing war, the sanctions, and of events to come, remain highly uncertain,” he added. “Making appropriate monetary policy in this environment requires a recognition that the economy evolves in unexpected ways. We will need to be nimble in responding to incoming data and the evolving outlook.” + +The remarks come amid 40-year highs for inflation in the U.S., complicated by a Ukraine war that has driven oil prices to around their highest levels in a decade. Consumer prices increased 7.5% from a year ago in January, and the Fed’s preferred inflation gauge showed its strongest 12-month gain since 1983. + +Powell and his fellow policymakers have been indicating for weeks that they plan to start raising benchmark interest rates to tackle inflation. He reiterated the stance Wednesday that the process will involve “interest rate increases,” along with indications that the Fed eventually will start reducing its bond holdings. + +“We will use our policy tools as appropriate to prevent higher inflation from becoming entrenched while promoting a sustainable expansion and a strong labor market,” he said. “We have phased out our net asset purchases. With inflation well above 2 percent and a strong labor market, we expect it will be appropriate to raise the target range for the federal funds rate at our meeting later this month.” + +Inflation still expected to fall + +The Fed will start cutting the size of its asset holdings after rate hikes have begun, he added. + +Since the beginning of the Covid pandemic, the Fed has been buying Treasurys and mortgage-backed securities at the fastest pace ever, driving the total holdings on the central bank balance sheet to nearly $9 trillion. + +Powell said the reduction will be conducted “in a predictable manner,” largely through allowing some proceeds from the bonds to roll off each month rather than reinvesting them. + +On the economy, the chairman said he still expects inflation to decelerate through the year as supply chain issues are resolved. He called the labor market “extremely tight” and noted strong wage gains, particularly for lower earners and minorities. + +“We understand that high inflation imposes significant hardship, especially on those least able to meet the higher costs of essentials like food, housing, and transportation,” he said. “We know that the best thing we can do to support a strong labor market is to promote a long expansion, and that is only possible in an environment of price stability.” + +Markets have fully priced in a rate increase at the March 15-16 meeting but have decreased expectations for the rest of the year since the Ukraine war began, according to CME group data. Traders are now pricing in five quarter-percentage-point increases that would take the benchmark federal funds rate from its current range of 0%-0.25% to 1.25%-1.5%. +Couldn't post this on r/GME cuz it kept on getting auto removed: + +# Compilation of sell limits from brokers: + +\*PM me if you have more info on your particular broker you'd like to share with err one.\* + +**1. Revolut:** + +"Any Revolut users last time i asked revolut suport said that 10k limit per share for limit sell orders will not increase with the shere price any advice to felow ape on what to do? And no i cant transfer my shares out of revolut they literaly dont offer such service. Thanks for your answers." - u/[HiStoryin\_The\_Making](https://www.reddit.com/user/HiStoryin_The_Making)What's a good exit strategy for Revolut? Maximum per trade is $10,000 🙃 -u/[xRazorleaf](https://www.reddit.com/user/xRazorleaf) + +Entire Post on Selling with Revolut +https://www.reddit.com/r/GME/comments/m92qr4/revoluts_rules_for_exiting_trades_adjust_your/ + -u/[JustBeingPunny](https://www.reddit.com/user/JustBeingPunny) + +Hi! I use revolut and was able to set a 1mil sales limit. I contacted support and they said for sell there shouldn't be a limit. It seems the limit is for purchasing +The only drawback seems to be that it expires daily -u/Ampedrosa + +Hello fellow ape, I saw your post on the exit strategy and I really fucking love you. I'm a UK based ape on Revolut, I had a whole convo with them yesterday about how they will act during the squeeze. I pressed on more details about "high risk" situations in which they would liquidate us early, but basically they told me even Revolut doesn't know what "high risk" means for the broker Drivewealth... One more important thing they told me, that you might want to add to the post, is about the limit on selling, I asked them if we can go above 10k: "If you sell exactly the amount of shares you own, the trade will go through even if the number of shares/total amount in USD is higher or lower than the limit. You can do that through tapping on the "Max" button (which is above the keyboard) when submitting the order. Your Order might not be accepted if it gives rise to too much risk for the Third Party Broker or if trading is no longer available or is suspended in the Instrument your Order relates to." Can't send screenshots in here but as soon as I figure it out, I can send you the conversation. Thank you for your awesome work !! [user name censored on /rGME] + +https://www.reddit.com/r/GME/comments/m8nk84/important_all_apes_need_to_read_this_to_prepare/ Hello! Im a Revolut user and i contacted them, as we know we can't sell above 10.000 $ per share BUT they told me this: NOTE: Only if you sell as "market order". "As we have checked here, if you sell exactly the amount of shares you own, the trade will go through even if the number if shares/total amount in USD is higher or lower than the limit. You can do this through tapping in the 'Max' button (which is above the keyboard) when submiting the order" -u/xZetroX + +Hey ! I saw your great post about limit sell for each broker. Really good job ! I did some research on Revolut and some fellow apes gave a solution to do limit sell at any price point. (1M+ validated, i can do screenshot) You just have to have a round number of share and put a limit sell for all your share at once. On the other hand, we weren't able to verify if we can do this with more than 500 shares (we don't have that much unfortunately) -u/caribouteille + +**2. Wealthsimple** + +Wealthsimple currently restricts max transaction to 1 Million - u/[Kennywise91](https://www.reddit.com/user/Kennywise91)you can login to wealthsimple.com and set orders over 1 mill CAD. the limit sell option still wont let u set a price of 1 mill if the current price is too low but you can set a price over 1 mill CAD, unlike on the app. so when it moons, have a get the fuck home strategy if u work. -u/[xthemoonx](https://www.reddit.com/user/xthemoonx) + +I’m with wealthsimple and currently the limit sell doesn’t surpass $999,999 USD but only up to $800,000 is supported since apparently orders cannot be above 1 million CAD. Others told me that market sells should be fine but now I’m a little worried about that. I do no intend on selling on the way up at all however I’m worried about missing out on some sweet tendies. What about market sells are so bad? What could potential happen to them? Also it appears that transferring over to quest trade now would be dangerous as I might miss the squeeze. If anyone can give me some input on this I’d really appreciate it. I’m sure a lot of Canadian apes are on wealthsimple so I hope we don’t all get fucked -u/[KieranSullivan5](https://www.reddit.com/user/KieranSullivan5) + +🇨🇦 For Canadian apes 🇨🇦 + +I emailed WealthSimple and they confirmed the platform will adjust if such an occurrence happens. + +Edit for easier viewing: + +Here is the screencap of said email: [https://imgur.com/a/et7KmKX](https://imgur.com/a/et7KmKX) + +Here is a screencap of an attempt to set a limit sell of $999,999 USD: [https://imgur.com/a/VpunlDf](https://imgur.com/a/VpunlDf) + +Do not worry about the 2nd image, WealthSimple confirmed they will not restrict sell price if it's worth a metric ton of bananas. + +Edit 2: it has been brought to my attention that the $1mil cap is for the app only and will not be present on PC (and possibly a browser on mobile). I have not tested this yet but here's the response: [https://www.reddit.com/r/GME/comments/m8nk84/important\_all\_apes\_need\_to\_read\_this\_to\_prepare/grj6h5e?utm\_medium=android\_app&utm\_source=share&context=3](https://www.reddit.com/r/GME/comments/m8nk84/important_all_apes_need_to_read_this_to_prepare/grj6h5e?utm_medium=android_app&utm_source=share&context=3) + +Thank you [u/pinwheelcandy](https://www.reddit.com/u/pinwheelcandy/) ! + +Edit 3: Confirmed that there is no cap on any browser (PC or mobile). + +Photo of my PC: [https://i.imgur.com/vIeQq4k.jpg](https://i.imgur.com/vIeQq4k.jpg) Screencap of Chrome for Android: [https://i.imgur.com/3ngKx1G.jpg](https://i.imgur.com/3ngKx1G.jpg) + +\-u/[boxxle](https://www.reddit.com/user/boxxle/) + +**3. Ally** + +Ally has a limit of $1M. I guess that means one sell order per share then. - u/[blueskin](https://www.reddit.com/user/blueskin) + +**4. Fidelity** + +fidelity will not restrict selling prices as long as the exchange doesnt i called and they only follow in the exchanges path - u/[Top10Tops](https://www.reddit.com/user/Top10Tops) + +To Fidelity folks, Just spoke to customer service and they said there's no sell limit as to how high a stock goes. + +Here's the convo, note\* I haven't mentioned amc or gme and this was his response. + +**John**: How can I help you today? + +**Me**: Hi John, I was wondering if there's a sell limit for Fidelity? + +**Me**: For example, if a stock climbs to astronomical numbers is there a limit to how much I'd be able to sell it for? + +**John**: Great question! + +**John**: No, there is no upper limit to what you can sell a stock for**John**: If you bought a stock for $1 and the value went to $1 million, you could sell for the profit + +\-u/[Snowbell-](https://www.reddit.com/user/Snowbell-) + +AFAIK Fidelity won’t let you set a limit sell order for 50% or more above the current price. Assuming that’s the only rule then it just means you’ll need to watch the price for when it’s approaching 700k to put a limit sell order at 1 milly -u/[meekdor](https://www.reddit.com/user/meekdor/) + +**5. E\*Trade** + +I called E\*Trade to ask if there’s a limit on my account. THEY SAID NO! 3,000,000 is the floor apes!! - u/[AWet1017](https://www.reddit.com/user/AWet1017) + +I'll ask this here since my topic didn't get much traction: + +Anyone using E-Trade? I have a question. I sent them a message asking to ensure they wouldn't freeze up my account should a short squeeze occur that would keep me from buying or selling, similar to Robin Hood (I heard E-Trade was involved in some of those shenanigans too). Anyway, they just gave me a generic bot response and didn't answer my question, surprise, surprise. + +I'm on a cash-only account, but what would keep them from not allowing me to sell my shares during the MOASS? Thanks for any help you apes can give. -u/[Mega\_Buster\_](https://www.reddit.com/user/Mega_Buster_) + +I called e-trade this morning and they confirmed that there aren't limits to transactions. They said if I make a sell limit order of 30 shares and I have a buyer of & 1mil/share and it's during market hours that they won't limit that transaction -u/Dr_Scuba_Steve + +**6. Freetrade** + +Okay, I am extremely smooth brained and I don’t think I’m understanding this right. Can someone eli5:I use Freetrade (UK ape) and asked if I can sell single shares worth $1M+.Their response: you need to ensure US trades are within £25k limit. You need to break down your order into multiple orders within the limit.Are they saying I have to break down 1 milly into 30 separate orders? Or have I just eaten too many crayons to function 😂🖍🖍🖍 - u/ [0To100RealFckngQuick](https://www.reddit.com/user/0To100RealFckngQuick) + +FYI UK apes, freetrade has a limit of £25k per sale, i have contacted their support and their response was that since none of the stocks they list are anywhere near that limit they see no reason to increase it. that means we are gonna be doing a shed load of transactions come the squeeze - u/ [\-remlap](https://www.reddit.com/user/-remlap) + +**7. SoFi** + +For those using SoFi, I just called them and asked about transaction limits, there is no limit as to how high a share can go when trying to sell it. It can go to over a million a share and you should have no problem selling it. -u/[Nk\_Raven](https://www.reddit.com/user/Nk_Raven) + +**8. Hargreaves Lansdown** + +UK Ape. Hargreaves Lansdown doesn't allow Limit Sells on $GME. -u/[misterpeers](https://www.reddit.com/user/misterpeers) + +Great post OP, thank you. UK Ape here. Anybody else use Hargreaves Lansdown? They only allow Market Orders for US stocks. Believe that's the only way I can sell. If another user can respond, I'd appreciate that very much please! Thanks! -u/ [VelvetThunderFinance](https://www.reddit.com/user/VelvetThunderFinance) + +Hargreaves Lansdown do not allow for limit orders on US stocks. Could you please request on your post that anyone who owns GME with HL, should contact them either by email or phone to request that they introduce limit orders on US stocks. I have spoken with them twice and both times they have said that limit orders could potentially be made available if there is enough demand. A large influx of calls making this request might make them speed up their intentions of making limit orders possible. Hopefully with enough demand they will allow them in time for the squeeze to bring some security to all the UK apes who are holding GME with HL. Their contact information is on their website. They usually pick up the phone quite quickly. A comment about this situation on your post would be most appreciated, strength in numbers after all. -u/Antbog1 + +**9. eToro** + +You can’t place a Stop Limit Order on eToro 😔 - u/[ReXJK](https://www.reddit.com/user/ReXJK)Hi, one smooth brainer here with a question. On Etoro it’s impossible to set a stop limit order, as there is no option like that. (Using Etoro EU) Also, I want to know if I can sell a milly/share, me no talk etoro people holidays free no answer faster answer here. 🦍 Also💎👐and put some respect on our mutual success! -u/ [TreasureCase2020](https://www.reddit.com/user/TreasureCase2020) + +When you go to edit “Edit Trade” click on “Stop Loss” then “Set SL” that is where Etoro lets you enter your price (you can chose between amount and rate). I tried entering the amount 1 000 000 and of course it didn’t work, the maximum it would let me enter was barely above the current. But right below the box when you enter the rate/amount, there is an option called “Trailing Stop Loss”. Read this article to understand its use: https://www.etoro.com/news-and-analysis/etoro-updates/introducing-trailing-stop-loss/ Between “Trailing Stop Loss” and the box where you enter the amount/rate you will find the percentage according to the position amount/rate at that particular moment. If it doesn’t show, just click on “+” or “-“ . If you put a number that represents 90%, if at any moment during the squeeze the price drops 10% from the highest price it has been on all day, the position will get closed. For example, a certain trading day, the price reaches 1 000 000 (which here represents 100%) and I have “Stop Loss" activated along with a “Trailing Lost” of 90%. If the price goes down to 900 000 (which is 90% of 1 000 000) the trade will be closed. So, even if eToro goes offline, that should ensure that the trade will close at the best price possible after the peak. I hope. + +It might be a safe option to activate after the price gets to an amount one is comfortable with (for example 1 000 000) or when one feels that the peak has been reached. -u/Personal-Tourist-03 + +Hey man, I'd like to help you clarify about eToro and the sell limitations. The way to set a price to sell at is to click on the position, click on take profit, and then enter the value you want. It is the same as fidelity where it lets you go higher as the price goes up. You can set it to 1000% of the current price. e.g Price is now 300, I can set a take profit of 3000. Hope this helps -u/Dragonizer23 + +**10. Degiro** + +I do have concerns about DeGiro. I tried to set a sell limit at a high price just to see how it would look, lol. But it told me it exceeded their maximum order size of €250.000. Does anyone know more about this limitation? When GME squeezes I don’t want to be held back by this. What could we, holders at DeGiro, do about this? They do sell Berkshire Hathaway shares, so technically it should be possible to sell in the hundreds of thousands right? + +Update: I asked the same question on [r/degiro](https://www.reddit.com/r/degiro) and there they said that if the share closes at above €250k there should be no problems selling the shares at their actual price.🙌💎-u/[Always\_Highdrated](https://www.reddit.com/user/Always_Highdrated) + +Degiro doesn't allow you to place a limit order sell 20% higher than the current price. Aside of that I am not aware if there is any other kind of limitation. Currently there is no stock or security in existence that is near the 250.000 that you suggest in your post, so it is normal that it didn't let you place the order. -u/[Maximito](https://www.reddit.com/user/Maximito) + +just got off the phone with Degiro customer support, they said they would never restrict you from closing your position, not even at a million + +This was however only one guy from customer support. Think we can trust that but you never know. wouldn't be the first time a customer support staff member made a mistake -u/Jobdriaan + +**11. Robbinghood** + +For anyone wondering Robinhood does not have have a cap on placing a limit sell. So for all you smooth brained apes out there, this means when Gmmee hits 2,000,000 a share, a limit sell order will be able to be placed for 2,000,000 - u/[ChimpGimpy](https://www.reddit.com/user/ChimpGimpy) + +**12. Questrade** + +No limit on selling, but limit on setting sell limits (right now I can set $9999 but not higher). + +EDIT: According to u/equinsuosha , if you change your route, you can set the limit price to whatever you want. I tested this with changing the route to MNGD it let me set a limit sell price of 42069.69, but I still have to get back with Questrade on how changing the routing affects the sale, if any. + +[https://www.reddit.com/r/WallStreetbetsELITE/comments/lrei7j/frist\_the\_hfs\_say\_you\_cant\_buy\_know\_they\_are/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/WallStreetbetsELITE/comments/lrei7j/frist_the_hfs_say_you_cant_buy_know_they_are/?utm_medium=android_app&utm_source=share) + +**13. Vanguard** + +I just called Vanguard and they confirmed that there is no maximum amount for selling shares of a stock. When I gave him the example of $1MM or more per share he didn't flinch. u/[Weary\_Freedom\_3916](https://www.reddit.com/user/Weary_Freedom_3916) + +**14. Charles Schwab** + +Hello hello. Charles Schwab user here. There is an initial trade limit of 1000 shares or 20k (if any apes are considering transferring). There is no maximum amount for selling, but there's a cap on limit orders based on current prices. I can place one just under 4k. u/itsdaynotdave + +**15. Interactive Brokers** + +$CUM at IBKR SELL LIMIT 10,000,000.00 and limit 15 orders 1 time. 1 share 10,000,000.00 no issue. ×2 share 10,000,000.00 IBKR will cancel without my consent. FYR u/EddJan94 + +**16. Webull** + +Rumor has it Webull currently allows a maximum limit sell order at 2000% (20x) current market value. So with GME's current $200 price you could set a limit sell order up to $4000. (I saw this info posted by a user in the GME comments section on Webull, who asked the company to clarify the policy after having very high limit sell orders unilaterally canceled by Webull.) - u/Green8Dreamer + +**17. Trading212** +https://ibb.co/SdTQdrS +https://ibb.co/0jBfsQX +-u/psychopathologic + + Alex C. (Trading 212) 20 Mar 2021, 12:56 EET Greetings, Thank you for reaching out! If the price of stock will reach 1 million and you close / sell that stock, then the profits made can be withdrawn with no difficulty . Please do not hesitate to reach us should any further questions arise. Kind Regards, Alex C. | Customer Care Mentor -u/ape_Ivo_to_the_moon + +Hi nhne, I asked trading 212. So first Theres no Limit concerning how hight the price of a security sold can be. When I asked about sell limits they said it's dependent on the security and the market and stuff They said I should provide them with an order id +But I can't because I cant fill an order with that high of a sell limit +You might want to add that to your post. Selling possible at any price. Limit selling I don't know I tried a few prices but wasn't even allowed to do 5000 -/utilidus + +Hi this is the reply I got from trader 212: + +Thank you for reaching out. + +I would like to inform you that we will not impose any restrictions when it comes to the closure of the clients' positions, and respectively their ability to acquire their profits. + + +I hope this clarifies the situation for you. + +Please stay safe and have a wonderful day. + +Kind regards, +Stefan V. | Customer Care Hero +-u/WellBehavedSociopath + +**17. Capital.com** + +Hey I just wrote to Capital.com. Me: Hello I was wondering if there's a sell limit for capital.com? For example, if a stock climbs to astronomical numbers is there a limit to how much I'd be able to sell it for? Say I bought a CFD for 1$ and the price went up to 1'000'000$, could i sell it for 1'000'000$ and take the profit? Capital.com: Dear client, Thank you for reaching capital.com Support. We do not have such limits. Best regards, Capital.com Customer Support. -u/Separate-Attorney-10 + +**18. RBC** + +Hey! Thank you for the stellar exit strategy post. I am a fellow Canadian ape and I use RBC investing for GME. I just put in a limit sell order of 999,999usd for one share and it was accepted. I couldn't go over that amount. Hope this helps! Let me know if you need proof or anything I just tried before going into work! -u/Tarzan_Daddy + +**19. TD Ameritrade** + +TD Ameritrade does not have a sell limit! I called and asked to clarify today and we could sell at $100,000,000,000 if we wanted to and TD would allow it -u/Luethifers_life + +Me: Okay, so I’ll try to rephrase If a stock is currently selling at $1million/per share, TDA would not limit or restrict a shareholder from selling at that price? Her: As long as the stock is currently trading with no restrictions on the shares, we do not restrict clients from selling at the market price. ^TN -u/Brandino7 + +TDAmeritrade is lying. Their max sell price varies according to the current ask price, something like 225% X CURRENT ASK. + +If you set the max, say $459 like I did on testing the upper limit on Friday AND you set this ax GTC... If ASK drops and your MAX SELL price drops below the then recalculated max price, TDA will cancel your order! + +Liars. -u/Zealousideal-Ant1661 + + +**20. Postbank** + +Hi, thx for your great DD about the exit strategy. It is really helpful. If you like you can add "Postbank" in Germany to the brokers. It's a standard bank with trading portfolio. So no neobroke who srews you. A few weeks ago i placed a limit sell order for 9.999.999 Euro which was forwarded to tradegate exchange but didn't get executed yet ;-) Proof: https://www.reddit.com/r/GME/comments/lzqs9k/sell_order_am_i_doing_it_right_forget_500k/?utm_medium=android_app&utm_source=share +-u/FrankiHollywood + +**21. Comdirect** + +Broker: Comdirect +Country: Germany +Time: Beginning of March 2021 ~ 3 weeks ago +Action - online: sell order for 1x GME @ limit 100K +Reaction - phone call + e-mail: +- "Your order was deleted by the exchange because your changed limit deviates too much from the current price" +- " Please note that limited orders from the USA can have a maximum price deviation of 15% from the current market price." +- "If necessary, you can place your order again." +-u/Weariout + +**22. TD Canada Trust (WebBroker)** + +TD Canada Trust (WebBroker) 🇨🇦 For Canadian apes 🇨🇦: the highest sell price it's allowing me to set is < $10,000, so $9,999.99 is the max sell price. Any sell price > $10,000, throws an error 'invalid price increment'. This is through their mobile app, as well as their desktop website. + +Will try to confirm how that ceiling is set or calculated, as the stock price increases. TD Canada Trust is one of the major banks in Canada. +-u/OkMulberry8902 + +**23. AJ Bell** + +For the UK Apes, AJ Bell is also Market order only. They call it "at best". -u/bruce_waning_gibbous + +**24. Stake** + +Stake's platform (Drivewealth LLC) only allow 5 digit sell orders. Last check this will affect 138,000 apes holding GME.Is somebody able to get a response - My emails and calls are falling on deaf ears -u/Ask_Zeek + +Hi, regarding your post in r/GME with the list of brokers, I have contacted Stake, one thats in a few countries outside the US, like the UK, Australia, and NZ among others. This was their response today: +As per how markets operate, share price itself does not affect a security’s ability to be bought or sold. For example, Berkshire Hathaway Class A ($BRK.A) trades at ~US$380,000 per share and people trade this freely and readily. However, there are some things to be aware of when placing certain order types at prices that are significantly different from where that security is currently trading. This FAQ provides more information. https://au.support.hellostake.com/en/support/solutions/articles/35000152385-order-types Finally, given your enquiry is about $GME, we urge you to please familiarise yourself with the risks associated with trading high volatility stocks. This blog may be helpful. https://hellostake.com/au/stake-updates/volatility-and-risk/ + +They have a Limit Sell Cap of 200% above the market value, but they only last for the day. If I put one in at $600 when the price is $200, it would stay even if the price dropped to $100, but would be cancelled at the end of the day regardless of price. -u/taraborn + +**25. Traderepublic** + +Traderepublic (Germany) limits orders to 999,999.99 -u/RetardHolder + +TradeRepublic would rise the ceiling if shares would approach these levels. So there is no real limit other than their shitty Server network -u/DamnIamHigh_Original + +**26. Flatex** + +Another one for the list: Flatex (D/AT) caps at (1mil - 1 cent)$ + +Two examples: a) I place a new order limited at or over 1000k. It gets rejected. Explanation given (in german): Deleted/canceled by system/exchange b) I change the limit of an existing order from 420k to 1000k. It gets canceled. Explanation given (in english): Order price exceeded allowed hard limit. -u/Rud0lfRocker + +**27. Wells Fargo Advisors** + +I just got off of the phone with Wells Fargo Advisors. They do not have a limit to how high you can sell a stock. + +They did, however, stipulate that the current market price needs to be within +50% of any limit you put in place. So if the market price is 1 million, you'll need to wait a bit before you put a 2 mil or 3 mil sell limit per share. -u/Boleslaw-BoldHeart + + +**28. XTB** + +Hey! Just added XTB response to my questions about Sell Limit restrictions and limitations: "So, after contacting XTB they have confirmed that there are no limitations for pending orders. I also asked if there would be any restrictions if the stock price increased drastically and I would like to sell and in this case there are no restrictions either. As long as there is a buyer, the order will be executed. I do have to mention that XTB includes a 0,2% commission for orders over 100.000" -u/PowersBass + + +**29. IngDiba** + +You can add IngDiba Germany. Limit sell order is possible for 9.999.999€ For 10.000.000 you receive an error saying your order is unreasonable -u/Luntzer + +**30. T212** + +I asked if there was a maximum sell price (and put $1m as an example). The reply: Pavel P. (Trading 212) 29 Mar 2021, 15:29 EEST Greetings, u/YMabDaroganCont I hope you are well. I am happy to inform you that the client will be able to sell/buy any stock regardless of the current price unless a regulatory restriction is applied. // My response: Thanks for your prompt reply. I understand that trading halts can be put in place and I understand that this is out of your control, but could you give me an example of, or elaborate on, the kind of regulatory restrictions that could be put in place? I was very dissappointed late January during the $GME run up to ~$400 that I could not buy any shares, and since then I am very worried that during periods of high volatility that Trading212 will “pull the rug” under my feet (again!). I also want to make it absolutely clear that even during times of high volatility that I will be able to sell my shares at the said price without them being stuck as “pending” (again, as was seen during late January). // Response: Please bear in mind that whilst most of the orders are filled within a few seconds, please note that when it comes to Equities and ETFs (on Trading 212 Invest and ISA accounts), the execution time completely depends on every market and it may even take a few days for some orders to be executed (e.g. AIM listed stocks​)​. In other words, certain market conditions (i.e. liquidity) have to be met to have the orders executed. -u/YMabDaroganCont + +**31. Nordnet** (Finnish) + +Hi! Addition to your broker sell limit compilation: Nordnet users can set sell-orders only within +/- 3% margin of current stock price (stock price >50 USD). With stop-loss command, you can set any sell price (no matter if stock is going up or down). Im not sure is it possible to add stop-loss order to you existing positions or do you need to decide stop-loss price upon purchase. Also, using mobile app you can only sell/buu stock only for 999,999.00 USD. In desktop, there is no limitation. Thank you! :) =u/TaP3D + +**32. SaxoTrader** +https://www.reddit.com/r/GME/comments/mig0iv/saxotrader_has_no_sell_limit/ +No sell limit. -u/papajanreddit +So I've been using eTrade for several years now along with Fidelity for my trading. Mostly eTrade for my daytrading activity. Playing with around $30k in capital and using margin. I'm not really committed to either. I'll keep my long-term 401k/HSA/IRA investments sitting at Fidelity (but that is not actively traded) but want to consolidate by active trading and daytrading so now is a good time for me to find a new broker. + +I was tempted to just go with TDA and the ThinkOrSwim platform. But then someone suggested I look at Interactive Brokers and their TWS platform and another review suggested TradeStation. + +My question is if you were starting from scratch - meaning you didn't already know a platform deep - which would you want to start with today? + +My hesitation with TDA/ThinkOrSwim is that I've seen multiple folks, including on this subreddit, complaining about execution time. Since I do daytrading that does matter - although it'll probably still be better than eTrade. +I need an adult here. First, go and listen to Bloomberg's video "Peterffy: Markets Were 'Frighteningly Close' to Collapse Amid GameStop Turmoil" on YouTube (link for the lazy apes: https://www.youtube.com/watch?v=Yq4jdShG_PU ). It was released on February 18, 2021. + +Ok, I know what you are thinking. You saw that video plenty of times many months ago. But we have more wrinkles now. At least I have one wrinkle (I was totally smooth months ago), so this video hit me hard today. Please, listen to *all* of it. + +Billionaire Peterffy, founder of Interactive Brokers, said a few juicy things. Let me recap them for you. + +1) "We had 50M registered shares. At the same time, we had 70M shares short, and 150M shares short via short call options." + +2) He confirmed what we already knew about the chain of responsibility. Quoting him, "If the call options had been exercised, [...] the long broker, if it can't get the shares, has to go to the market and buy the shares at *whatever the price is*." He also adds "that could have pushed the price further up into the thousands [...]. The shorts cannot pay up, so they default on the brokers. The brokers default on the Clearing House (i.e. the DTCC)" + +3) "I would like to ask the SEC why they didn't act in the morning of January 28 because I was so scared. [...] I was scared of a domino bankruptcy." + +And now, last but not least, the juiciest quote + +4) *"If the longs had known they had the right to ask for their shares, and they really wanted the short squeeze, this is what they would have done."* + +I need some wrinkles on point 4 of this list. What does "asking for their shares" mean? Is it equivalent to use a Direct Registration System (aka Computershare)? Is Peterffy saying that *registering our shares with Computershare will cause the MOASS*? + + +(edit: indentation) +My situation: I currently house hack a triplex that I currently owe $450k. The current estimated value is $1,000,000 conservatively (could be more like $1,100,000+ but comps for this property are hard to come by. There are two one-bedrooms upstairs that rent for $1,500 and I occupy the lower levels which is a 3 bed 2 bath that would likely rent for $3,500. My PITI is $2,000 a month and the total rental income is $3,000 a month. I currently have saved up $30,000 earmarked for real estate investing to expand my real estate portfolio and have other monies tied up in the stock market that I would not like to sell unless the market is near all-time highs, so not right now. + +My plan: My current thought to expand my portfolio is to get a HELOC for as much as possible and then use that money for either a 20% down-payment on another property or else buy one cash. I would be looking for a property that needs minor cosmetic updates; either a single-family for rental, a single-family with a MIL suite, or else a small multifamily 2-4 unit property. I would then do some strategic cosmetic repairs and refinance to payback HELOC, rinse and repeat over and over. I am hoping others can poke holes in my strategy or else figure out if an alternative would work better. I would be happy to provide more information if needed. I would likely be making my next move in late fall/next winter. +I have six 2-bed units (4-plex building and a duplex) rents are obviously up across the country by a substantial amount . As my leases are starting to come up ( most between May-July) do I raise the rent considerably to maximize profit or keep the rent increase moderate so my good tenants stay and don’t feel yet another huge hit in this insane inflationary period. + +I have great tenants in all of my units. Morally I feel I don’t want to add to the issue that is hurting so many people. These are mostly moderate income earners. Sure me and my family could benefit from this market and get max rents, but at what expense? But the business side of me is saying maximize while you can and if you can’t get past the morals side then sell the buildings your not cut out for this. + +Curious to see what you all are doing and how you feel from a personal and business stand point. +I have recently been researching properties for a first time purchase in my area. I found a piece of property that looks pretty good and at a decent price to be honest. It was listed on 06/15, and I rechecked the listing today...to my surprise, the price had dropped by about $1k, yet the listing agent states that multiple offers have been received and that offer deadline is the middle of this coming week. + +If multiple offers have been received, why would the listing agent drop the price?? I was hoping REI can offer some insight? +(Specifically looking at Sacramento area, not Bay Area) + +My wife and I are going to be buying our first home within the next year. Our plan was to live in it for a couple years, then buy another one and rent out our first one. + +I've been reading everything I can about real estate investing and have started looking at some of the numbers for the neighborhoods were looking at in Sacramento and all these properties look like they're negative cash flow properties. Rents just arent high enough in comparison to mortgage payments. + +Am I missing something here? It's not going to be feasible for us if we don't have positive cash flow on our rental property. + +I was really hoping to do me RE investing in the neighborhood around where we'll be living (for a number of reasons). Now I'm wondering if that's a realistic goal. +Hi all, + +I'm a new investor who just had a bid accepted on a Duplex and am planning on owner occupying unit 1 (but still "paying rent") while renting out the other side. I'm looking for someone to help me figure out if this deal looks good. Here are the numbers: + + +Info | $ +---|--- +Purchase Price | $228,000 +Downpayment (5%) | $11,400 +Repairs | $10,000 +Closing Costs (5%) | $11,400 +Total Upfront Money | $32,800 + +Info | $ +---|--- +Rent (Unit 1) | $1,300 +Rent (Unit 2) | $775 +Gross Rent | $2,075 +Mortgage (Monthly) | $1,003 +Property Taxes (Monthly) | $561 +Misc Expenses (Monthly) | $400 +Total Expenses| $1,964 +Monthly Profit | $111 +Cash on Cash Return | 4% +Cap Rate | 6% + +So an estimated profit of $111 per month would be the initial return, but after the repairs are finished I'm positive I can raise rent by $200 on the unit I would be renting out. So closer to $311 / month after the current tenant leaves / the second unit is fixed up. This would update it to: + + +Info | $ +---|--- +Monthly Profit | $311 +Cash on Cash Return | 11% +Cap Rate | 7% + + + +Does this sound reasonable? All of the necessary repairs are cosmetic but the big ticket items like the furnaces, water heaters, roof, etc are newer / replaced in the last 5ish years. +Hi Reddit. I'm looking for some advice and suggestions on becoming a better investor. Currently I own 4 SFH which I have repaired and have rented. + +I am in my early 30s and started investing in real estate in Northern California two years ago. I purchased two properties in 2016 and two in 2017. All four properties are 3 bedroom/2 bath single family homes, ranging between 1150 to 1400 square feet in size. All four required on average around $25,000 to repair after closing escrow. + +I put 25% down on each purchase, financing the rest with a fixed 30 year conventional loan, and my purchase prices for the two homes in 2016 were $210K & $220K, and the ones in 2017 were $250K and $273K. By putting 25% down, my rents easily cover the mortgages and I am paying an additional $250 per month towards the principle of each loan. The lowest rent is $1600 and the highest rent currently is $1750 per month, with the other two falling somewhere in between. + +I make good money from my day job and have been using that to purchase real estate but wanted some advice from the pros on this subreddit. Should I continue buying and holding, putting 25% down and buying in my local market? I have read a lot about people doing it in the midwest or other cheaper areas but I feel like I will not be able to effectively protect my investment if it is that far away. Currently all four of the properties I own are within a 30 minute drive of my home and work. + +Would love any and all advice. If I am doing something terribly wrong, please don't hold back the criticism either. Just here to learn as much as I can. Thank you! +My tenant has not paid a dime of rent since April. We are in LA county and with eviction moratorium, I could not do anything. I have tried going over, calling and reasoning w tenant to create some kind of dialogue and payment plan. They have not responded and are down right rude. They have also stopped paying water bill (in LA, water is under landlord’s name and tenant only given a “copy” of bill). Water bill is now in the thousands, and they owe over $20k in back rent. I hired an attorney to evict, and now they are counter suing using a law firm called Basta. Essentially they are demanding I give them additional X days free rent, plus pay them to leave, and forgive all past debt and not ding their record. WTF. My attorney said Basta are extornists and will lie and cheat to make your property sound uninhabitable, and will drag you back and forth to court to drain you of time and money. +Has anyone ever fought Basta in a jury trial and succeeded quickly? +My property is a brand new build, these are the first tenants to live there. I know Basta and tenants are lying about conditions of property, bc I used to collect rent in person and I would always ask if everything was ok. +So frustrated at this situation. +When I've posted FSBO investment properties, the only people who have contacted me were individuals that I eventually realized had no intention of buying. They just seemed to like asking endless questions, including details they could look up themselves (but why not get me to waste my time on it instead). The few who made offers, made insane offers (like half the property's value, nothing down seller financing or a CFD at a fraction of the property's income). + +I've switched to selling on MLS, and at least the buyers aren't pretending. If they waste anyone's time, it's the agents. + +For those of you doing deals off-market as the SELLER, how do you vet your buyers and prevent people from wasting your time? +A recent report by multi-family insiders claims a slight uptick in landlords being willing to accept felons as tenants: https://www.multifamilyinsiders.com/multifamily-blogs/the-tide-is-turning-on-accepting-felons? + +Some of this is undoubtedly driven by FHA changes a year or two ago. However it is a fair question to ask. When has someone paid a debt to society? + +I know one of my favorite tenants ever, when we were interviewing he and his wife, was asked, "Do you have any felonies we should be aware of prior to running your background check?" + +After a moment of uncomfortable silence he responded, "Ahh...yes sir." + +Now understand this guy was in his sixties and looked like Santa Claus down to being about one hundred and fifty pounds overweight and a big, white beard. + +So of course I had to ask, "Was this recent?" + +His reply was, "No sir." + +Me, "Can you explain the situation a bit as I don't want you to spend money on an application that may be denied." + +Him - "Well I was busted with cocaine." + +Me - "Uh...(Edit - Remember...this is a FELONY Cocaine charge)" + +Him - "It was a long time ago. 1978 or so. I was in a band and it was just kinda what we did." + +I don't know how I held it together because I was about ready to die laughing on the inside picturing Santa Claus doing huge, Tony Montana style lines off mountains of coke on his desk. + +Needless to say that was the only black mark on his record or that of his wife. We approved them and they were great residents until a decline in his health led them to move out in order to live with family. + +That being said...if any charges come back related to hurting a child, DV or sex crimes you are out of our offices, no way I'm renting to you and I'm willing to face that lawsuit all day long. + +Hi, I have a rec room on the ground floor in my home that I rent to a lady with a small dog. It is a huge room with a full bathroom and small bar kitchen. She’s been living here 2 years and I recently found out that she was planning to use a flea bomb to get rid of a flea infestation that she had not told me about. I told her I wasn’t comfortable with her using that while my pets were in the house and she argued with me but then finally agreed not to set it off. I asked her what flea preventative her dog was on and she said something about getting it from the vet but not knowing what it was called. When I asked her again she said that her dog had been on it since she moved in but she didn’t know what it was. She got an estimate to exterminate the fleas by a professional company and is demanding I pay half. I don’t have fleas in my part of the house ( she only has access to her room) and I do use vet prescribed pest prevention on my pets. When I asked her again what flea prevention her dog was on she replied she doesn’t owe me any answers. She is on a month to month, in Atlanta, and paying less than market value for rent. With an eviction and repossession on her credit. I feel totally disrespected and think she’s lying to me about her dog ever being on prevention. Should I try to work with her further, or just give her the 30 days necessary notice to vacate? + +TIA +*Hey guys, this is my first post here; thank you to anyone willing to share their input with a newbie investor.* + +I am a Canadian looking to move to the US for work and start investing in rental properties. My goal is to buy properties that appreciate well and cash flow at least $100/door on year 1. + + +I can live anywhere as I work remotely but I am getting a bit overwhelmed with all the data (can be found below) I need to consider in picking a location. + +&#x200B; + +Assuming you are in my shoes and have $20k USD to invest (i.e. 5% down as I will be house hacking my first few properties), where would you move to? + +\----------------------------------- + + +**((OPTIONAL READ)) ADDITIONAL INFO** + +So far in my analysis, I am collecting the following data: + +\- Net migration (at the state level) over the past 10 years & 1 year + +\- Median sale price (redfin) + +\- Value appreciation over the past 5 years and 1 year (redfin) + +\- Average rent (rentcafe) + +\- Rent to price ratio + +\- Income tax + +\- Job growth and industry trends (haven't found a good source to gather data yet - just reading high-level articles for now) + +\- Average rent growth (if someone has a good source for this please share as I haven't found one yet) + +\- Cost of living index (numbeo) + +\- Quality of life index (though investing is my main priority now, I am still looking at quality of life a bit) +I am 27 years old with 5 years experience in IT working as a software engineer. I am being offered a full time position in an energy company in Brisbane for 135k + super. + +I started at 47k fresh out of university as a graduate developer. I have moved 2 companies. + +Is this a good salary for someone at my experience level after catering for inflation and strong job market? + +Update 1: I did negotiate from 125k to 135k and this is the final offer. + +Update 2: I have decided to reject the full time perm offer. +Hello. Is it better for an investor to sell a CALL option if he wants to sell his 100 stocks at a specific price anyway? Like, the other (default) way - send a SELL limit order with price X. As a disadvantage it seems - when you sell your CALL option for a long term, even after you got the premium, your stock price money can be on hold, because the option executor could wait until the very end after the stock price skyrocketed and the option is deep in the money. + +UPD. Explanation: I just need to sell stocks with at least 10% profit. If a share became too expensive, I can buy another good company that is undervalued as for now, or wait for another market downturn. +I know a lot of us look at this to compare where we are in our FIRE journey. The latest 3 year survey has just been released. + +http://federalreserve.gov/econres/scfindex.htm + + Summary is at http://federalreserve.gov/publications/files/scf20.pdf +My state is developing so fucking fast. I’m going to buy land and do nothing with it. That way no one can develop on it, besides the birds who develop their nests. +I understand why mods have this rule in place but I think 1B is a better separator of shit penny stock companies and ones with real growth potential. May not seem like a huge difference, but 1B to 1.5B is a 50% growth which can happen in days, and us reetards NEED these gains to offset our ridiculously stupid losses that are constant and unrelenting. + +I see a lot of gems that are floating around the 1.1B-1.4B range but they cannot be shared here because of the rule, and once they go parabolic it becomes too risky to jump in, hence why there are so many losers on WSB. + +Yes, this place is hilarious and a great stress relief for those who trade, but we're also here to MAKE MONEY. I agree that sub 1B marketcap companies shouldn't be posted here, but some of the best gains I've made where from comapnies in the 1.1-1.4B range and I was unable to share them. +Mined about 45 minutes ago by Antpool, only shows the 1 block reward transaction, what's up with that? + +**EDIT: Found my answer.** Empty blocks, although uncommon, do happen. It has to do with miners trying to be as efficient as possible while competing with other miners. Doesn't really matter in the grand scheme of things. + +Article for those interested: https://bitcoinmagazine.com/articles/why-do-some-bitcoin-mining-pools-mine-empty-blocks-1468337739/ + + + +**And while I'm on the front page here, fuck Coinbase and their insider trading bullshit.** + +I am in my 40's with a perfect driving record and I drive a 20 year old VW Golf. + +I have never made an insurance claim. + +Last year I was paying $256 every 6 months in premiums. This year GEICO increased the premium to $400 every 6 months. + +I contacted GEICO and asked about the increase and they said it was due to inflation. This seems like price gouging to me. + +Has anybody else seen similar increases in insurance. Should I switch to a different insurance company and if so who should I switch to? +Ether just looks like it's correcting, it's still steadily growing at a better rate then any other cryptos right now. We see a similar correlation between all cryptos but ether still holds the best position by its normal growth and it's resilience between dips and changes. Ether is steady and it's the quickest and most secure tech that will win over time! Ethereum is exactly that. Hodl strong my friends! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm a believer in Ethereum and want to invest a portion of my savings into its future (e.g. buy ETH). However, part of my fascination with Ethereum are sub-systems built on top of it, such as ZRX (https://www.0xproject.com) and GNT (https://golem.network). + +From an investment perspective, I have a budget for the amount of my savings I wish to invest into Ethereum, ERC20 tokens, and Ethereum-based innovations. However, I'm trying to understand if I should invest solely in ETH or if I should literally divert some investment away from ETH and into ZRX and GNT instead. I can understand someone saying "buy both" but I don't want to divert investment away from ETH unnecessarily if the value of ETH will reflect the value of sub-token economy growth. + +My natural inclination is to invest purely in ETH, as it's simpler for me and feels more 'diversified'. I view it like investing in Nasdaq instead of Apple and Tesla. However, I wonder / fear that the value of sub-tokens like GNT may be completely independent of ETH? + +For example, today 1 ETH is worth 408 GNT. Over the years as Ethereum-based GNT grows in adoption and value, will GNT's rise in value also increase the value of ETH (perhaps by a 1:200 or 1:800 ratio but still somewhat proportionally) —or— are the values decoupled in such a way that perhaps one day 1 GNT will be 408 ETH? +I was thinking of a club of 21 million people who have bitcoin, it's prestigious, but who can enter the 32 ETH club with their own node, it's an elite group of about 3.5 million people. What do you think about this, guys? +[Tron Accelerator](https://tronaccelerator.io/) is (allegedly) a $1m contest for TRX dapp developers. Being someone who has been highly active in all blockchain dapp scenes, I have been watching this unfold. I figured I'd post it here so you guys can help put the pieces together. + +Basically, tons of supposed USDT prizes for people to win by developing on TRX. This is the main reason why some eth devs decided to port games to TRX - Not because they are "jumping ship" like the shillers want you to believe (In fact many of them who I know personally still plan to continue developing on Eth). They just wanted a piece of the contest prizes and its pretty easy to put an eth dapp onto tron. + +Anyways, yesterday was supposed to be when they decide winners. The results werent announced and people started to get anxious. Finally today they said that they emailed all the winners. Inside the email included the following: + +>Due to the unexpectedly high volume of competitive projects, we have made some adjustments to the prize structure, one of them is to award over 100+ projects instead of 56 projects. More details to be announced soon. Please stay tuned:) + +Apparently they decided to change the prize payouts, dropping the lowest prize to $1k instead of $5k. Many people were upset about this in the official tron dev discord feeling they had been mislead. Some even seem to think there is something deeper going on. For example, one Super Representative candidate posts: + +>Nobody even knows that they'll pay out the full 1,000,000 I can guarantee they won't. They didn't pay out the full amount last competition They're not cutting prize amounts because so many people supposedly entered, they're cutting them because they won't pay the full amount. 100 winners is not better than 57 when the majority of those winners took 30 minutes to reskin an existing smart contract on the network You can make all the excuses you want, or try to see the good in it but you're only lying to yourself When we got $75k shaved off our prize, we weren't happy because 100 winners were better than 57. They didn't even pick winners for some of the prizes. + +&#x200B; + +There were some people who said they received the email and won $1k, but interestingly nobody was coming out in the public saying they won a large prize. After some sleuthing, we found this [instagram post](https://www.instagram.com/p/BsgCyyGAHv-/) of apparently some random person associated with "STOken Studio" who appears to have won the $200k prize. Dont bother trying to google it, nothing will come up. All we were able to find about this mysterious project was this [embarassingly empty github](https://github.com/chews/stoken) with only 3 commits \[edit: it has been deleted or made private 1 day after making this post\], and this [https://stokenstudio.firebaseapp.com/](https://stokenstudio.firebaseapp.com/) . The [smart contract code](https://github.com/chews/stoken/blob/master/contractAgent/chalicelib/STOken.sol) is nonexistent and if the website is even doing anything, it appears to be on shasta testnet. Upon analysis, one of the SR candidates from the discord jokes that this "dapp" is just a microsoft word plugin. + +Additionally in the FAQs on tron accel website it clearly says entrants must be on mainnet: + +>Can I develop a DApp that does not use smart contracts, but does use TRX? +> +>Yes, you can. It is OK for you to not use TVM, but you have to be on the Mainnet. + +Grand prize aside, some other funny stuff: One dev decided to clone "Shrimp Farm" from eth to tron just as an experiment. It surprisingly got a ton of volume despite being a simple ponzi game. This led to a huge amount of clones onto tron, including Tron Anthills, Crocs, and many others. Surprisingly, although Tron Shrimp clearly had the most volume, users, and txns, it did not win a prize. BUT ONE OF THE CLONES OF THIS CLONE DID! The Anthills developer "diego" posted to his community that he was one of the winners! + +**To summarize, so far:** + +* They changed the prizes *after* the contest ended +* They allowed clones to win but not the original clone onto TRX +* They allowed contestants to win who didnt meet the criteria (being on mainnet) +* They allowed projects that arent open source to win +* The Grand Winner is a mysterious project with barely any info available +* They havent posted a public list of the winners +* Some blatant ponzi games have won prizes + +If you want to watch this all unfold live, you can find the Tron dev discord [here](https://np.reddit.com/r/Tronix/comments/a254am/in_1_months_time_the_tron_discord_channel_has/) and go to the #tronaccelerator channel. Tons of FUD currently, bring popcorn. It will be interesting to see if they ever post a public list of the winners or if they just delay it in hopes that people eventually stop talking about it + +**Update**:One of the official Judges (Vincent, Dapp.review) has appeared in the discord. Some of his comments: + +>I think they did a screening before sending to judges. I didn’t see all submitted dapps +> +>The list we got is less than 40 dapps, I think it’s for big prize📷 +> +>No I don’t have the final results + +Paradoxically, this was the email that some developers received from Tron Accelerator: + +>Dear TRON Developers, This email is to notify you that, up to this point, TRON Accelerator final prizes have been announced through emails already, we would like to thank you for your hard work and enthusiasm in developing your dApps for the past 5 weeks! Due to the unexpectedly high volume of competitive projects, we have made some adjustments to the prize structure, one of them is to award over 100+ projects instead of 56 projects. More details to be announced soon. Please stay tuned:) Thanks again, + +Adding to the list: + +* There was a "screening" before the dapps were being even given to the judges (by who? based on what?) +* One of the judges himself does not have the final results yet the email claims that all prizes were announced through emails +Sehr geehrte Frau Müller + +Ich schreibe Ihnen in Aufgrund meiner Besorgnis bezüglich des Versuchs die Regulierung zu den „mandatory buy-ins“ in der Central Securities Depositories Regulation zu unterwandern und auszuhebeln. + +Während die Europäische Kommission zuvor noch die Abschaffung der „mandatory buy ins ausgeschlossen hat: + +"A combination of clarifying various elements related to settlement discipline (e.g. +scope) and modifying the timeline for the implementation of mandatory buy-ins33 +(“two-step approach”) is the most effective and efficient option. The implementation +of mandatory buy-ins will be dependent on the evolution of settlement efficiency in +the EU. First, the gathered evidence suggests that cash penalties will incentivise +improvements in settlement efficiency, without endangering stability and liquidity +across markets and financial instruments. Second, after cash penalties have applied, +it can then be assessed how to best apply the mandatory buy-in in light of the +evolution of settlement efficiency. **The option to suspend the framework in its** +**entirety was disregarded as settlement fails in the EU remain consistently higher than** +**in other major financial markets."** + +Quelle: + +[https://ec.europa.eu/finance/docs/law/220316-csdr-review-proposal\_en.pdf](https://ec.europa.eu/finance/docs/law/220316-csdr-review-proposal_en.pdf) + +Scheint die Europäische Zentralbank hingegen jetzt das Ziel zu verfolgen die Regulierung zumindest in Teilen einfach abzuschaffen: + +1.4 **The existence of regulation-driven mandatory buy-ins is a significant interference in the execution of securities transactions and the functioning of securities markets.** Because of the implications that the deployment by the European Commission of mandatory buy-ins may have (including with respect to the potential non-availability of a buy-in agent), it would be preferable to discard the possibility of mandatory buy-ins altogether. Any later changes in this regard should be left to the subsequent consideration of the Union legislator. + +Quelle: + +[https://www.ecb.europa.eu/pub/pdf/other/en\_con\_2022\_25\_f\_sign\~5d1a092f24.en.pdf](https://www.ecb.europa.eu/pub/pdf/other/en_con_2022_25_f_sign~5d1a092f24.en.pdf) + +Warum sind diese potentiellen verpflichtenden (Wertpapier-)Einkäufe so wichtig? Wie in meinem ersten Zitat zu lesen, kommt es in der EU, wie in vielen Finanzmärkten der Welt zu einer großen Zahl an „settlement fails“ oder auch „failures to deliver“ (FTD)s. Dies bedeutet, dass Ein Aktionär z.B. eine Aktie eines Unternehmens erwirbt, diese allerdings nicht „geliefert“ bekommt. Der Aktionär selbst bemerkt davon nichts, da die Zahl, der von ihm vorgeblich gehaltenen Aktien in seinem Broker in jedem Fall direkt umspringt. Für den Zeitraum bis zur Lieferung der Aktie existiert diese jetzt also zweimal, zum einen noch beim Verkäufer der Aktie (da er diese ja nicht geliefert hat) und zum anderen beim Käufer als sogenannter „IOU“, eine Art Vorab-Aktie die sicherstellen soll, dass das Lieferversagen den Kunden nicht davon abhalten kann seine „Aktie“ weiterzuverkaufen (z.B. auf plötzliche schlechte Nachrichten zu reagieren). Ein Archaisches System, dass noch aus einer Zeit stammt, als Papier-Aktien gehandelt wurden und so ein „Lieferversagen“ ein realistisches Problem war. Natürlich sollte so etwas im digitalen Zeitalter eigentlich nicht mehr vorkommen. Der Umstand, dass es dennoch zu so vielen FTDs kommt, wurde für den amerikanischen Aktienmarkt untersucht, mit dem Ergebnis, dass diese oft strategisch und systematisch sind, und gehäuft für bestimmte Aktien vorkommen, um etwa hohe Kreditkosten durch ansonsten erforderliches Leihen von Aktien zu umgehen, siehe: + +[https://doi.org/10.1093/rfs/hhm083](https://doi.org/10.1093/rfs/hhm083) + +und: + +[https://doi.org/10.1016/j.finmar.2005.11.001](https://doi.org/10.1016/j.finmar.2005.11.001) + +Weiterhin haben Settlement Fails auch Implikationen für das Angebot-Nachfrage Gleichgewicht. Wie zuvor erwähnt erzeugt jeder fail einen IOU, der ebenfalls wie eine normale Aktie gehandelt werden kann. Dies erhöht die Zahl der handelbaren Aktien und verschiebt damit entsprechend das Angebot-Nachfrage Gleichgewicht. Im Extremfall kann durch strategische Fails zu massiver Preissuppression kommen. Um jetzt wieder den Bogen zum eigentlichen Thema zurückzuschlagen: Ein Abschaffen oder Aufweichen der Regeln zu den „mandatory buy ins“ kann möglich machen theoretisch unbegrenzt lange Aktien nicht zuzustellen. Dies kommt dann ungedeckten Leerverkäufen gleich, bei dem Finanzinstitutionen „den Kuchen behalten und zugleich essen“ können. Die Implikationen sind weitreichend, von Kursmanipulation (durch strategisches Erhöhen (durch nicht liefern) und senken (durch massives aber verzögertes liefern) der handelbaren Aktien) bis hin zum gezielten „in den Bankrott shorten“ von Unternehmen (ein Prozess der auch „cellar-boxing“ genannt wird) wird vieles deutlich erleichtert und von jeglichem Risiko befreit. + +Eine Beschwerde beim amerikanischen SEC zu cellar-boxing: + +[https://www.sec.gov/comments/s7-08-08/s70808-144.htm](https://www.sec.gov/comments/s7-08-08/s70808-144.htm) + +Zusammenfassend: Es ist eine furchtbare Idee „mandatory buy-ins“ abzuschaffen, da es sich hierbei um eine der letzten Sicherungen handelt, die allen möglichen Betrugspraktiken am Finanzmarkt zumindest theoretisch Grenzen setzt. Ich bitte Sie darum inständig Änderungen die mandatory buy-ins aufweichen oder abschaffen sollen, „strategisch und systematisch“ abzulehnen. + +Hochachtungsvoll, + +Dr. Ape + +&#x200B; + +&#x200B; + +https://preview.redd.it/n1taduvljbk91.png?width=1230&format=png&auto=webp&s=042325dc99e966b4d23507e528123337ce2169d1 +Parents are aging, medical issues are starting to stack up. They fear that that the feds will take their money if they go into a retirement home. Whatever the reason, they're maxing out their daily withdrawals and have been doing so for quite some time. + +It's their lives/their money. I'm just sick with the idea that the wrong person will hear about this and scoop the money up. + +If they insist on this, can anyone suggest safe storage of this currency? + +**Edit:** + +Thanks to the few who tried to help. To those crying conspiracy, that wasn't even my question. I can't control what they do with their money but I can possibly help them protect it. That's my only objective. + +This thread turned out to be a great example of why you should be skeptical of getting financial advice online. So many users have made heavy assumptions with very little information. + +Pretend financial experts abound! +I currently have the option to invest $15000/year for 5 years ($75000 total) and receive a little over 1mil in return. This is actually a life insurance policy as well so beginning on my first payment, I will have life insurance until I pass. I'm currently 20 and I'd be able to start talking from the 1mil at 65. +Is this a good investment? +I'll be honest. I got into Bitcoin at first as a speculative investment and just held my coins in cold storage. But lately I've noticed more and more opportunities to actually use them and figured I'll give it a shot. I put a few coins in a hot wallet on my phone and it's just so easy. In the past month, I've bought furniture on overstock, this year's tax software on newegg, games from green man gaming, and paid a friend in another state who I owed money to. + +For one purchase, I even tried to use my credit card first, but it was declined. Called my bank, and they said the charge triggered a fraud alert. I had to jump through all these hoops, convince them it wasn't a fraudulent transaction, then submit the payment to the merchant again. Except the second time, I just used Bitcoin. So easy! Like using cash over the internet. + +When I got into this, I didn't even think about where I would spend it, and now I'm eager to find more places that accept it! I know I'm preaching to the choir here, but it just hit me that this is the way money should be. It all makes sense now. +Pic: http://imgur.com/a/GXfWyZJ + +Link: [you can't make this shit up]( https://variety.com/2019/film/asia/wolf-of-wall-street-riza-aziz-1mdb-arrested-money-laundering-1203259723/) + +Thoughts: lmao! Leo is probably hiding rn. +The NYA/segwit2x proposal has a number of technical issues and pretty big due care problems, but I consider the biggest issue the circumstances and thinking - to me it's surprising that a few company folks don't see that meeting in a hotel room to impose a change on Bitcoin would be controversial to users and the ecosystem - bitcoin is a user currency, and the properties that brought all of us as users and entrepreneurs to Bitcoin and that give it value inherently rely on user and ecosystem agreement and decentralised process in Bitcoin. + +Imagine Bitcoin had been started by a startup with a CEO and some VC funding. It would have been killed with prejudice in 2010 or whenever the first geo-politically interesting test came. + +On the eve of the various China bitcoin news problems our Chinese bitcoiner friends are working through - I would think the reason why pivoting change discussion away from an open ecosystem discussion to a few companies is a problem would become very apparent even to people without former experience in related areas. Recall that many western companies have gotten themselves into dilemma situations by working with authorities to censor, filter, MITM and track internet access in various countries, some with torture programs - eg in Egypt and Libya. If NYA were to prevail, as formulated, then why will governments not also prevail on the same group of CEOs to force changes they would surely want to make. Even in US, UK, Russia etc. This is a very, very dangerous path. Allow me to tell you from pre-bitcoin experience this is really not hypothetical. + +People who have been involved in encryption, pgp, remailers, Tor etc for decades have seen these kinds of threats first hand. We even know people who risked jail under this kind of pressure, former colleagues worked with activists, and even saw people murdered by oppressive governments over this kind of thing. It's disappointing to have people reject the connection and think it's a pragmatic "compromise" and all is fine, or that they trust themselves so it's ok to seize central control. Control is dangerous - we do not want it and neither should any company nor individual. Vires in numeris literally means "Strength in numbers" ie we are stronger together, peer to peer and without an identifiable leader who can be coerced, shutdown, etc. This is why the european union banking policy makers say "bitcoin can not be shutdown". + +I think the way to scale is to work together and scale. We need the technical experts (https://twitter.com/jfnewbery/status/912853897504608256) and there is lots of scope. Many services have not yet integrated segwit, and lightning adds lots of opportunities whole new use case of micropayments and large retail scale. I'd sooner see the ecosystem collaborate and compete against Fiat than get stuck in what is really a puddle - 2x is a tiny number to create an ecosystem rift and confidence loss over. We need 1000x to make this story scale. It saddens me that a couple of CEOs would go down this path - collaborate with the open ecosystem and respect users and investors interests. + +Please. +Im just starting out and thinking about investing in some ETFs. Its not a lot but I have $100 every week to get rid of, will probably work out more eventually. Is this amount worth investing or do something else with it? At the moment its just building up doing nothing in the bank + +Im starting quite late, im 35yrs old but I have finally pulled myself out of all my debt and want to start preparing for the future + +If I go this way any recommendations on companies to use for buying/selling? +So I'm sure we've all noticed a lot of talk for the past 6 months (well, it's been increasing) about a property crash/bubble burst, whatever you want to call it. + +What I've been wondering is; Does the fact that we are all talking about it, and are aware that it could happen soon, make it less likely that we'll let it happen? (As a culture/people). + +For instance, in 2008 right before the GFC, were most Americans aware of the risk/impending crash? + +I have been wondering if all this discussion is possibly a buffer against a sudden, complete-surprise crash? +* **GameStop reported its fiscal first-quarter earnings after the bell on Wednesday.** +* **GameStop has said it plans to launch a non-fungible token (NFT) marketplace by the end of the second quarter.** + +[**https://www.cnbc.com/2022/06/01/gamestop-gme-earnings-q1-2022.html**](https://www.cnbc.com/2022/06/01/gamestop-gme-earnings-q1-2022.html) + +&#x200B; + +GME 🚀🚀🚀🚀🚀🚀 +I was looking at my balance this morning pre-market and noticed that it's significantly less than what was shown from yesterday after close, so I reached out o ETrade and asked what happened. It turns out that my holdings (ARKK, ARKG, and ARKW) all have a special dividend. The dividend has not yet been issued, but the dividend lowered the price of the stock by the amount of the dividend. + +Just thought I'd share this in case anyone else hold these ETFs and not aware of this special dividend. +Anything earlier can be attributed to irrational fomo. + +Day 27: 5/20/2017 + +Market cap total supply: $13.80M + +Price per GNO: $1.38 + + +Price per GNO in ETH: 0.0306710833 + +Investors: 90.00% + +Company: 10% (Here the minimum of 10% rule kicks in) +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! + +Anything earlier can be attributed to irrational fomo. + +Day 27: 5/20/2017 + +Market cap total supply: $13.80M + +Price per GNO: $1.38 + + +Price per GNO in ETH: 0.0306710833 + +Investors: 90.00% + +Company: 10% (Here the minimum of 10% rule kicks in) +So currently this seems to be a traders bear market but strangely lacking in any narrative. Indeed the timing seems weird since it started after the attacks were fixed. So the question is what is your doom narrative. + +Here is mine: + +* Segwit means bitcoin will scale. +* Rootstock will arrive soon so there will be no point in ethereum. +* Consortium chains will kill all applications +* Lack of Dapps by now means it is impossible to build safe contracts anyway. +* Lack of adoption and usability issues mean dapps will never be usable by average joes. +* Chinese exchanges will never list Ethereum because it threatens them +* ICO's need to sell +* Price fall itself means devs have less money so less chance of success. +* Tax loss selling by miners could be a real issue. Miners as a group have mined 5 million ether at an average of 100% higher prices (estimate). They need to declare that as ordinary income. They also need to sell to cover their tax liability. It feels like the selling is causing more selling. As the price goes down the miners need to sell more ether for the equivalent amount of USD to pay taxes. (thx charlieknoll) +* Many people were scared by the hacks/hardforks, but couldn't sync/access their wallet until the last hardfork. Once they had access, they sent funds to exchanges, adding to the panic. (thx sreaka) + +Any more to add to the list? +Someone has said the other day that I should be 'worried about Rootstock'. So I decided to read their Whitepaper more closely with some follow-up research on things like DECOR+, merged mining, selfish mining etc. And here is my summary: + + * Rootstock internal token, RSK, shall be worth exactly one BTC, and this par ration would be provided by the Federated two-way peg with Bitcoin + * From my point of view, the throughput of the peg in both directions need to be considered when assuming RSK=BTC par. In times when peg's capacity is insufficient, there could be liquidity-based imbalanced leading to deviation from par. + * The white paper, when explaining the benefits to the Bitcoin community, expresses concern about halving of the mining reward, which is due to happen in July 2016 + * It predicts, as many other people that some proportion of the mining hardware will be turned off due to diminished profitability + * Rootstock merged mining with Bitcoin is seen at least as a partial solution to this problem, because Bitcoin miners with older hardware can earn extra reward for Rootstock mining to compensate for the 50% of Bitcoin mining reward + * The Rootstock mining reward mechanism is not described in the white paper, unfortunately. Therefore I will allow myself to deduce. Since it cannot create BTC, it cannot create RSK, so it cannot pay block mining reward in RSK. So the mining reward can only consist of transaction fees, payable in RSK, which can then be transferred to BTC via peg. + * From my point of view, July 2016 is very near, so there is simply not enough time to convince lots of Bitcoin miners with the old hardware to agree to the merge mining, and to build up enough transaction fees in the RSK blocks to make it worthwhile for them to keep their old hardware. Therefore, I should say this part of the white paper can be safely ignored. + * Rootstocks plans to implement a lot of mining improvement that address issues of selfish mining; growth of orphaned blocks with shorter block times; and gains from superior connectivity between mining pools. There are few algorithms mentioned like DECOR+, two-staged block propagation, and others. + * From my point of view, the real life behaviour of mining improvement algorithms is quite tricky to predict even in the simulation. Remember that it was believed by the Ethereum dev team that Ethereum PoW algorithm would make large mining pools non-viable. This turned out to be quite far from reality. + * Rootstock plans to be compatible with Ethereum Virtual Machine and re-compile EVM code into Java-like byte code. + * I do not understand why binary compatibility with Ethereum is desirable at all. From my point of view, it would be quite enough to have source-code level compatibility, for example, by compiling Solidity straight into Java-like byte code. + * The white paper states: "Also RSK will be launched with a minimum hashing power equivalent to 30% of the Bitcoin hashing power". That might take a lot of time and energy. + +The while paper so far reveals very little about the current state of development or funding. Very ambitious goals, and very little time. Also, a marriage with Bitcoin miners (referred in the white paper as 'Protection of Bitcoin Miner's investment') can be something that can stifle development right from the start. If you look here: http://xtnodes.com, you should see that almost 1/3 of nodes are already Classic, but only 6% mined blocks are Classic too. + +My prediction: It will be very difficult to launch/bootstrap this project (as currently described in the paper) in the current environment, due to crucial dependency of Bitcoin miners and Bitcoin peg. Therefore, two pivots are advisable. First - drop the idea of peg and go with independent RSK exchanged to BTC at market rates. Second - relax the dependency on the merged mining for the bootstrap period and go with something like Proof Of Stake to get enough time to engage bitcoin miners. + +Welcome to the Weekly ICO 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 current and upcoming ICOs. + +*** + +Enjoy! +I think to some extent I've trained myself as an investor to look at things pessimistically. I'm always trying to find potential flaws, risks, downsides. There are a million sellers, each with their pitch, and I need to look at things skeptically. But I'm frankly encountering a problem with Ethereum. When I try as much as possible to apply objective, rational analysis to a prediction on ETH's market success (basically: price) over the next weeks and months, the conclusion I keep coming to is that we're in the beginning stage of an investment "perfect storm." Execution by Ethereum's leadership has been frankly pretty outstanding, the possibilities for the tech and some of the beta and recently-launched projects look genuinely fascinating, more and more companies and governments are coinsidering Ethereum more and more seriously, mainstream awareness is only just now beginning to take hold (and I suspect it will be a long and rich process over the coming years) ... Yes, there are the possibilities of a black swan event -- a hack or tech malfunction, VB goes looney-toones, whatever. Can't rule them out, but I'm not giving them too much credence. What, then, would cause downward pressure against all these clear reasons for upward growth? I don't know. Weirdness around ETH approaching BTC's market cap? Curious to hear thoughts. +At this moment of writing Grayscale ETHE is being traded at $8.35/share, and each share represents about 0.00984762 ETH ≈ $12.53, this almost translates into buying ETH at a 33% discount or $847/ETH! + +[This is not updating in real-time, the last traded price as of writing is $8.35 \(ETH@1274\)](https://preview.redd.it/iqe6fx232mt91.png?width=1717&format=png&auto=webp&s=0239fd7e821af93de539c0eb3132fdc1d0bac5a7) + +Here are some reasons why I think the share price is traded at such a heavy discount, and here are my thoughts: + +* It's a closed-end fund with no redemption possible for its underlying asset (you can trade your share into ETH) +* The people who bought ETHE are in fear, expecting the price to go even lower than the discounted price they are selling at, or some just moving parts of their investment from risky assets to more conservative assets like bonds which are close to 10% yield now. (Probably a mix of those reasons) + +I think it's a great opportunity, here's the case: + +* [It wasn't always traded at such discount, there's time that it is traded a premium too.](https://ycharts.com/companies/ETHE/discount_or_premium_to_nav) +* There's a good chance the price will move back to its NAV: + * When the market recover confidence and people buy ETHE to gain exposure to ETH, especially institutional investor or businesses + * When ETHE become more liquid in market, such as being convert into ETF + * Fund closing, liquidation + +&#x200B; + +I think someone already DCAing ETH can buy ETHE instead of ETH when there's a heavy discount available, what do you guys think about this? +We fixed for 5 years in early 2022 for 1.64% in anticipation of inflation. In preparation for what might be on offer from the lenders in 2025, is it worth overpaying mortgage now or do we think things should iron themselves by then? How long did the rate hikes of the 90s last? +Well, I'm crazy for a lot of reasons, but am I crazy for THIS reason? + +Homes where I live have just opened up and I'm seeing homes well within my budget I want to go after. +Just a fun curiosity, if you won enough money to live comfortably for the rest of your life, would you still invest it and how would you do it? + +Edit: For the solid investors that would never invest in a lottery ticket, pretend that you got the money in an inheritance or through some other means, the principle of the question remains the same. +* The Biden admin has concerns with Elon Musk's stance on Russia, growing uncomfortable with his previous stance on shelving Starlink access to Ukraine +* Also, since he's planning to buy Twitter with foreign investors, including a Saudi prince, Binance Holdings, and the Qatar Sovereign Wealth Fund, the administration is probing into what laws they can use to have the Committee on Foreign Investment in the United States review the deal +* Extra tidbit from the article: Elon Musk has also been investigated by the Pentagon before, when he smoked weed on Joe Rogan podcast. Tesla insiders say nothing came of it. + +&#x200B; + +[Source](https://www.bloomberg.com/news/articles/2022-10-21/us-weighs-security-reviews-for-musk-deals-including-twitter-buy?srnd=premium) +Hello! This is a DD that aims to answer several questions relating to the Stock Split via Dividend. Some backstory... I have written many other DDs that may be interesting to read including: + +* [GameStop can actually promote DRS](https://www.reddit.com/r/Superstonk/comments/vmpulz/gamestop_can_actually_promote_drs/) (June 2022) +* [The Direct Registered Shares Thesis](https://www.reddit.com/r/Superstonk/comments/tpqcxs/the_direct_registered_shares_thesis/) (March 2022) +* [Dispelling the FUD surrounding ComputerShare / Direct Registration System (DRS)](https://www.reddit.com/r/Superstonk/comments/p3owe8/dispelling_the_fud_surrounding_computershare/) (August 2021) +* [Why I’m moving my shares to Computershare](https://www.reddit.com/r/Superstonk/comments/ob0m9w/why_im_moving_my_shares_to_computershare/) (Opinion / June 2021) +* [Gamestop Shareholder List - The Final Catalyst](https://www.reddit.com/r/Superstonk/comments/nptiio/gamestop_shareholder_list_the_final_catalyst/) (June 2021) +* [ComputerShare’s Positive Price Impact and Tracking Batch Orders](https://www.reddit.com/r/Superstonk/comments/ptu49w/computershares_positive_price_impact_and_tracking/) (Sept 2021) + +I will be discussing the "GameStop Shareholder List" a lot here, so maybe that is worth looking into, though understand that some information listed there may be outdated. + +## Frequently Asked Questions + +* How will Computershare know how to distribute the dividend? +* How do you know DRS shareholders get the dividend *first*? +* Doesn't Computershare get a list of all the phantom shares? +* Will this require shares to be recalled? + +## Background + +To answer these questions, it is important to understand the Master Shareholder Registry. I wrote extensively in my DD from last year about the Shareholder Registry [here](https://www.reddit.com/r/Superstonk/comments/nptiio/gamestop_shareholder_list_the_final_catalyst/). + +What is important to know is that Computershare maintains an exact list of the registered owner for every single share of GameStop. That is as of April 8, 2022, 76,339,024 shares of common stock issued and outstanding. There is a database / registry / double book entry of every single one of these shares and who it is registered to at any given time. They have a list of these 76 million shares and not a single share more, no phantom shares exist at the Computershare level. No borrowed or loans shared exist within Computershare. Just exact, specific registered owners for each specific share. + +For the majority of the shares at Computershare, the registered owner is "Cede & Co", which is an arm of the DTC / DTCC that holds ownership rights to shares held at the DTC. + +The DTC **also** has a registry / book entry system. This is the registry that identifies the **beneficial owner** of shares. Well. Not shares. Not exactly. Here is what the DTC does: + +>DTC appears in an issuer’s stock records as the sole registered owner of securities deposited at DTC. DTC holds the deposited securities in “fungible bulk,” meaning that there are no specifically identifiable shares directly owned by DTC participants. Rather, each participant owns a pro rata interest in the aggregate number of shares of a particular issuer held at DTC. Correspondingly, each customer of a DTC participant, such as an individual investor, owns a pro rata interest in the shares in which the DTC participant has an interest. ([Source](https://www.sec.gov/oiea/investor-alerts-bulletins/ib_dtcfreezes)) + +When you buy a "share" through a DTC participant you are buying only an interest in a **portion** of the shares. You never get a specific share, you never get any identifiable way to know whether or not you actually own anything. If there are any phantom shares or naked shares, your proportion of ownership goes down inadvertently. The price has to drop as a result. One of the reasons on a fundamental level why selling more and more shares causes the price to drop. It's why once a company is cellar boxed, they just flood the market with synthetics so that it can never climb back out of the cellar. + +Now. That being said. Naked shorting / phantom shares are not **supposed** to happen at the DTC. If you believe the DTC, they contend that naked short shares **only** happen at the broker-dealer / participant level. + +From SR-DTC-2003-02 and available on the SEC's website [here](https://www.sec.gov/rules/sro/34-47978.htm): + +>DTC disagreed with the commenters' contention that it had an obligation to take action to resolve the issues associated with naked short selling because **those issues arise in the context of trading and not in the book-entry transfer of securities.** DTC pointed out that if beneficial owners believe that their interests are best protected by not having their shares subject to book-entry transfer at DTC, then they can instruct their broker-dealer to execute a withdrawal-by-transfer, which will remove the securities from DTC and transfer them to the shareholder in certificated form. + +The DTC is aware that naked short selling happens, but this happens outside of the purview of the DTC. They claim that is happens at the trading level by their participants. It is something that brokers engage in amongst themselves. Example, a hedge fund will borrow shares or use their "good faith belief" that they could get the shares to borrow and then sell them at the market. These could become FTDs, they could be borrowed or agreed to be borrowed from another broker or participant. + +(I wish I could find the full response letter that they wrote. I can only find a summary of it from the SEC. But this is from 2003! They have known about it all this time...) + +So the DTC has a registry / book entry system that identifies all the **participants** that hold an interest in the beneficial ownership of the shares that are assigned to Cede & Co in the Computershare registry. You are **not** the participant if you own a share in a brokerage, the brokerage is the participant. So the DTC has records that lists how many shares each broker-dealer and participant are supposed to have. At the time of this writing there are 838 participants, with many participants being comprised of separate branches of the same company. There are actually only about \~230 unique companies. These are your: + +* Apex Clearing +* Citadel +* Citibank +* Computershare (limited) +* Fidelity +* JP Morgan Chase +* Robinhood +* WellsFargo +* etc + +Each of these companies **also** maintains a registry that outlines which of their customers are beneficial owners of the beneficially owned shares that are ultimately owned by Cede & Co. You will go to Fidelity for example and have a list of people who own shares of GameStop **on Fidelity's books only**. So lets look at the chain of custody here for shares held at a brokerage. + +Issuer (GameStop) -> Transfer Agent (Computershare, Master shareholder registry) -> DTC (Cede & Co, Owner, Book Entry Registry) -> Participant (Beneficial Owner, Customer Registry) -> Customer (You, beneficial owner of a beneficially owned pro rata interest in a fungible bulk of shares). + +Does that sound like what happens when you buy a stock at a brokerage? I guess "Stockholder" just sounds better. + +I'm a visual learner, so here is a graphic I have prepared: + +&#x200B; + +[Shareholder Registry](https://preview.redd.it/zrwyymemsla91.png?width=1151&format=png&auto=webp&s=f286672d9ad6cfd7fa65acd022156e699f1bcf31) + +For the purposes of this example, I have made up the numbers, excepting some known numbers for Ryan Cohen.. etc. What is important to know is that Computershare has accurate books, accounting for **every single REAL share**. The DTC has *somewhat accurate* books accounting for *pretty much* exactly what Computershare says their ownership is. The broker-dealers and participant's books are where the fuckery happens. The DTC acknowledged that, they recognize it. They say it is your job as the investor to withdraw your shares from those participants if you do not trust them. (You can do this by Direct Registering your shares.) + +Now lets try to answer those questions: + +## How will Computershare know how to distribute the dividend? + +It is their job to distribute the dividend initially from GameStop. While we do not currently have the terms of the agreement, it is believed GameStop has chosen Computershare to handle the dividend. There will be an agreement like this (fairly standard agreement): + +>The Company hereby appoints Computershare as its Dividend Disbursing Agent to disburse to the holders of Shares of the Company dividends that may from time to time be declared by the board of directors of the Company and Computershare hereby accepts such appointment upon the terms herein contained. +> +>Computershare shall disburse such dividends upon receiving a certified copy of a resolution of the board of directors of the Company declaring such dividends and, at least one business day before each payable date, funds in an amount sufficient for the payment of such dividends. + +More answers to this question below.. + +## How do you know DRS shareholders get the dividend first? + +Computershare will distribute the dividends to all owners in the registry with equal ownership rights. All 135,000+ direct registered shareholders are **as important** as Ryan Cohen, Cede & Co and any other direct registered shareholders. You will receive your dividend at the same time that Cede & Co receives theirs. + +What is important to know is that no registered shareholder will receive more dividends than they are entitled to. **This includes Cede & Co!** If Computershare says they only own XX,XXX,XXX of shares they will only receive dividends equal to that proportion. All direct registered shareholders are **first in line**. It just so happens that Cede & Co are also registered shareholders, so they will get their dividends at the same time as you. Technically speaking, as a registered shareholder, you get your dividend before you would if you owned the same shares through a brokerage. + +## Doesn't Computershare get a list of all the phantom shares? + +No. The phantom shares exist at the broker-dealer & participant level. Computershare (and therefore GameStop) is completely isolated from that information. It is possible for statisticians to calculate and theorize that there are massive numbers of phantom shares, but without concrete proof GameStop cannot make that claim without fear of legal action. + +Computershare doesn't have this information because the DTC doesn't have this information. The DTC doesn't have this information because broker-dealers / participants are not handing it over. The SEC has less information than everyone involved because they do not mandate that anyone shares this information. If the SEC / Congress would enact a law requiring all broker-dealers and participants to report their holdings to them every single day, it would expose the whole system as fraudulent immediately. If the whole system was audited continuously it would expose massive amounts of fraud. + +## Will this require shares to be recalled? + +We all have high hopes that this share dividend will be the catalyst that forces shorts to close and / or shares to be recalled. It is not quite known what will happen. + +There are some expectations however: + +* A share dividend will encourage lent shares to be recalled before the dividend. If the lent shares were sold, they will need to be bought back first. +* Post split / lower prices will encourage retail investors to buy more shares. +* Borrowed shares that were sold will lead to additional purchases to cover the dividend for the borrowed owner. (Two owners of a stock, only one is given the dividend, the other must have the dividend purchased on the market.) + +These are all things that encourage buying and encourage prices to rise, both before the split and after the split. + +Here is the thing though... + +If there are a bunch of phantom shares / naked shares on the books of the broker-dealers and participants. None of them **have** to buy more shares or buy the dividend until something triggers them to do so. What are things that may trigger that to happen: + +* Customers of the broker end up DRSing all the shares held at that brokerage. +* Customers leave that brokerage in a mass exodus to another brokerage. +* Customers end up selling all of their shares due to a crash in price / lost interest.. etc. + +Basically, unless there is a threat that a broker-dealer or participant's holding of a particular stock is headed to zero while still having a lot of customers owed the stock, then they will not have an obligation to buy the dividend for the phantom shares until that situation arises. + +The number one thing you can do is **direct register your shares**. Get them out of that fucking system. Everyone is telling you to do it. The even DTC says to get the shares out if you do not trust the broker-dealers. + +>DTC pointed out that if beneficial owners believe that their interests are best protected by not having their shares subject to book-entry transfer at DTC, then they can instruct their broker-dealer to execute a withdrawal-by-transfer, which will remove the securities from DTC and transfer them to the shareholder in \[direct registered\] form. + +The onus of what happens next will fall onto the broker-dealers and participants. If they do not handle this correctly they will fail and end up 741, in bankruptcy. Since the DTC is owned by and comprised of these brokers and participants, the other brokers will need to pick up the slack. This will lead to other bankruptcies until the whole system is falling like a house of cards. + +**TL;DR:** The system is fraudulent. You don't own anything unless you are direct registered. The dividend might lead to buying pressure and / or short closing, but it may also not do that. The only sure fire way is to keep direct registering your shares. +I'm 42f and at age 39, a rare cancer was discovered and operated on. I'm now missing an organ that affects me daily. I had excellent insurance that paid a good portion of the surgery, but I was so sick in the aftermath, I took 2 years off for recovery, I had to. +I owned my house, and got long term disability payments at 60%, but not for the entire 2 years. I had to dip into savings and then 401k to save my house and feed my children. Their father died in 2014, I get some child support/death benefits. + +I am no longer at that same job, the stress was too much on my health. I am working elsewhere making much less money, but 401k is not available at this small company, and coronavirus caused a problem for everyone. + +I had to sell the house in Jan 2021 to survive on the profit, and I used it to pay off car, student loan, medical, and other things. +I have to have cancer checks often, bloodwork every 6 weeks and a myriad of medication to survive. You can't tell I'm sick by looking at me, and traces of the cancer are still there, its slow growing. + +What's the best way to build my 401k again at almost 43 years old? I work full time, have a son who's 20 and independent, and 13 year old boy/girl twins with me. I'm worried about retirement. I can't get life insurance until X amount of years cancer free, which I'm not. +Any help or advice is appreciated, I'm responsible with money and have good credit, but cancer has destroyed us. My expenses are about $4500 monthly in a major city with 3bed apartment, but I only make $4600 a month, barely surviving as a single parent. Thank you. +As the title says, my job(fortune 500 company) has been WFH since the pandemic with no requirements to be in the office for any certain amount of time. I have noticed that over the past 6months that all my new coworkers live outside of the united states, predominantly from Japan and South Korea, but also some from Canada. I have no idea what these workers are making, but I would guess less than what they are paying us. The job openings aren't even being posted anywhere. + + So far there have been no layoffs, they have only replaced open positions with foreign workers, but there have been whispers among my long term American coworkers that we might be on the chopping block and I know of some already looking around for other options to get ahead of this and others have already left. + + +Should I start exploring my options as well? If so should I make sure to avoid permeant WFH jobs to avoid this going forward? I love this job, I also love the WFH aspect of it though I would go into the office if it meant it would secure my job. +I currently run a ltd company but due to circumstances outside my control I will have to close it this year. I will be able to get £400k out of the company after paying 10% entrepreneurs relief. I am currently unable to gain a wage from employment due to health issues. + +I own a house out right valued at £350k. I can rent two bedrooms out and achieve £900 a month in rental income. When you subtract voids and council tax this gives roughly £8k rental income a year. + +I am not really a people person but if needs must the rental income of £8k would be a good base to start off with but it would not be enough to live on comfortably. If I could achieve a yearly income of £20k I would be more than happy. + +Assuming I do not get a job that pays a wage how is it possible for me to top up my rental income to achieve my £20k yearly target wage with my £400k cash assets. From reading around investments are not an option as you have to leave the money tied up for 5 years at least. + +Is my only option to use my £400k to purchase property to rent out as that does give a yearly wage? This is something I want to avoid if possible due to the risk of someone trashing the property. At least as a live in landlord I can keep an eye on the lodgers so they do not trash the place. + +Many thanks for reading. + +Edit apologies for not mentioning that I am 35 years old. +Lidl has moved forward plans to open 100 stores in the US and this looks like just the beginning. In the UK Lidl's growth has accelerated at the expense of retail giants such as Tesco who were too slow to react to Lidl's low price/unbranded strategy. Tesco's stock has fallen by over 50% over the past 10 years and hit investors including Warren Buffett who reportedly said he had made a huge mistake and had taken a $444 million loss on the position. + +Lidl provide high quality fresh, frozen and packaged goods at a considerable discount to tradition retailers. Product lines come and go and you probably cant get everything there and will have to finish your weekly shopping in a Krogers or elsewhere but the discount is sufficient to change the way people shop and is hitting the big guys. Lidl doesnt take all your business but it takes enough to hurt, alot. + +I've provided a link below that is quite good - but for those that are interested just google "how lidl aldi destroyed tesco" for a load of articles. + +http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10974773/It-may-already-be-too-late-for-Tesco-and-Sainsburys-the-rise-of-Aldi-and-Lidl-looks-unstoppable.html + +This is not a recommendation to buy or sell. Please do your own research. +The International Energy Agency said Friday that global oil demand growth will slow to 1.2 million barrels a day (from 1.8M this year) in 2016, China still up in the air, Iran yet to enter the play, no war on the horizon...there is a massive temptation to go in hard but at the same time...could it hit $35-37 levels? + +This could be a massive opportunity or an absolute rekkage scenario. +[https://www.marketwatch.com/story/disney-earnings-surge-in-disney-subscriptions-leads-to-surprise-profit-11613078561?siteid=yhoof2](https://www.marketwatch.com/story/disney-earnings-surge-in-disney-subscriptions-leads-to-surprise-profit-11613078561?siteid=yhoof2) + +“Disney+ has exceeded even our highest expectations,” Chapek said in a [conference call with analysts](https://edge.media-server.com/mmc/p/snvice4i) later, noting it stood at 26.5 million subscribers in the same-quarter a year ago. He also noted spikes in usage for ESPN+ (up 83% to 12.1 million) and Hulu (up 30% to 35.4 million). + +Disney’s Media and Entertainment Distribution, which includes Disney+, brought in $12.66 billion for the quarter, a decline of 5% from the same quarter a year ago before the pandemic swept across the country. The Disney Parks, Experiences and Products unit took in $3.6 billion, down 53% year-over-year as many Disney parks and its cruise line remain closed. The flagship Disneyland Park in Anaheim, Calif., and Disneyland Paris will stay closed in the current quarter, Disney Chief Financial Officer Christine McCarthy said during the analyst call. + +The sustained strength of Disney+ has impressed Wall Street analysts despite stiffening competition from Apple Inc.’s [AAPL](https://www.marketwatch.com/investing/stock/AAPL?mod=MW_story_quote) Apple TV+, Netflix Inc. [NFLX,](https://www.marketwatch.com/investing/stock/NFLX?mod=MW_story_quote) AT&T Inc.’s [T](https://www.marketwatch.com/investing/stock/T?mod=MW_story_quote) HBO Max, Comcast Corp.’s [CMCSA](https://www.marketwatch.com/investing/stock/CMCSA?mod=MW_story_quote) Peacock, Amazon.com Inc.’s [AMZN](https://www.marketwatch.com/investing/stock/AMZN?mod=MW_story_quote) Prime Video, and others. +Hey guys, I just published this article about [cost of living in the UK](https://www.moneynest.co.uk/cost-of-living-uk/), but wanted to share a short-and sweet version here. + + +I took data from Numbeo and Land Registry crunched it in Excel and ran it through Google Data Studio (charts not shown here for simplicity) to produce the following insights: + + +**Which city is the cheapest to live in?** + +|City|Cost of living (individual)|Cost of living (couple)| +|:-|:-|:-| +|Hull|£706.81|£1,437.75| +|Belfast|£819.20|£1,523.79| +|Sheffield|£829.00|£1,552.47| + +*Lowest cost of living measured by average monthly spend (crowdsourced via Numbeo)* + +&#x200B; + +As you might expect cities in the North and Midlands rank far higher than most southern cities. + +&#x200B; + +**Which city offers the highest amount of disposable income?** + +|City|Disposable income (individual)|Disposable income (couple)| +|:-|:-|:-| +|Derby|£1,287.04|£2,705.29| +|Reading|£1,168.48|£2,604.38| +|Coventry|£1,115.90|£2,481.14| + +*Based on average salary minus average rent and average monthly outgoings (crowdsourced via Numbeo)* + +&#x200B; + +What happened to Hull!? Suddenly the map is less dominated by the Northern & Midlands as the Southern cities such as Reading, Southampton and Bristol swing into battle with salaries high enough to offset the higher cost of living. + + + + +**Which city takes the shortest time to save for a deposit?** + +|City|Time required to save for a deposit (individual)|Time required to save for a deposit (couple)| +|:-|:-|:-| +|Derby|8 months|3 months| +|Aberdeen|10 months|5 months| +|Coventry|11 months|4 months| + +*Based on an average salary (via Numbeo) and cost of apartment (via Land Registry Index).* + +&#x200B; + +Guess whose back! The North, Midland and Scottish cities charge back once again with house prices so tantalising low the higher salaries ‘down south’ can’t compete. Could an interesting strategy be to save up in a town like Reading when you’re young and then move to a cheaper city ‘up north’ to purchase your first home? + +&#x200B; + +A few other interesting stats pulled from the post: +Between 1997 - 2017: + +* Wages increased: 19% +* Rents increased: 38% +* House prices increased: 173% +* Home ownership for 25-34yr olds fell 36% from 55% to 35% + + +Hope that provides some useful info! +I live in Texas, and I've been at the same apartment complex for the last 3 years. It's not the greatest, and yet not the worst. (yet) I want to move, but at the moment I'm tackling so many bills, that I can't afford to move anywhere, because somehow everywhere else is more expensive in a 20 mi radius, and I have a kid, who I share custody with. So please don't tell me I should move. Believe me, I want to, I just can't realistically afford it right now without screwing myself over at this time. + +After some confusion with the lease renewal, (they tried out a new software that was glitchy) I signed on for another 12 months. My original lease ends on the 20th, and the new one begins on the 21st. So 20 days of old rent price, and 10 days of new rent price. Well I went to pay my rent online on the evening of the 1st, and noticed it was well off, even with the rent increase. Like by about $145 (almost my electric bill) No biggie, I thought, I'll hop by the leasing office tomorrow and get it sorted out. The next day (Friday Sept 2nd) I stop by around 3pm by the leasing office to complain. Unfortunately anyone with authority to settle the dispute has already left for the day, despite the office closing at 5:30 pm. The staff that is still there takes down my complaint, and says someone should reach out to me later (but they couldn't say when) About 4:30 I get an automated email saying the office will be closed for the weekend, and resume Tuesday, after the holiday. + +I come back Tuesday afternoon, and get them to confirm they overcharged me. They had expected to credit me back for the upcoming month, but I asked them to cut me a check for the amount. They said they couldn't do that, because it had to get approved from corporate, and if it got approved, it would take about 45 days. Normally I wouldn't mind the credit, if the amount was under $50. But l feel that $145 is a significant amount to overcharge, and I could put the money to bills I have to pay this month. I feel like I'm giving them a 30 day interest free loan for $145 without having a choice in the matter. This wouldn't have been a problem (that they created) if they had been appropriately staffed on Friday. + +Am I stuck? Is this a common thing that renters have to put up with? Is there any government agency to report this to? +If you invest in the stock market to make money, following the "textbook" strategy you would buy a number of shares, diversified by sectors and hope those shares go up from the price you bought it. Picking different stocks de-risks one particular stock from losing you all your money if it plummets. + +If your clever. You use technical analysis. Or you might read company prospectuses and invest based on their vision/strategy. There are thousands of signals and you can invest in short, medium or long term. The literature out there about how to do it is endless. So you pick 6 or 7 winners and spread 10k over them hoping to get a return. Makes sense.... Well it used to + +All of this, literally ALL of it, is worthless. Because it relies on the premise that prices aren't simply fake -- made up by a market making duopoly. + +Every other investment thesis in null and void based on this fact. The market is a lie, what you pick or don't pick doesn't matter, you just have to hope you pick the same move the hegies do. + +I feel like any other stock is a gamble, and if your long anything else, why? If the GME thesis is correct most other stocks r going to drop in a crash. Diversifying share holding only works in a fair market. + +Ta:dr - all in gme is the only play that makes sense at all given how corrupt it all is + +*Not financial advice* +I'm new to cryptocurrencies, extremely new. When I decided to go in, I was looking up Ether and liked the idea since I understood it's concept. It has also just passed $4K when I checked it and I was still intending on investing. While preparing my payments prices began to drop. +This trading world is vast, and I'm a newbie here who is missing out a lot. I know I have to keep searching, but due to current fluctuations it looks like I have to be quick with my decisions. + +Any opinions? Do you think Ether's value will keep dropping for the another week or so? + +[View Poll](https://www.reddit.com/poll/neujvt) +I'll go ahead and say it - I'm mad that I missed the 'get rich quick' ETH train ie - $11 -> $350 ETH + +I found out about ETH when it was $150 and after reading about the excitement behind it, I signed up for a bunch of Exchanges. + +While waiting to get verified and ***FOMOing hard*** about the price jump from $150 to $230, I jumped in with a good bit of my savings. At this point - + +- I had *never invested* before (in stocks, crypto, etc.) and had clue about markets, trading, bots etc. +- I *did not* read the ETH whitepaper but read up on the basics behind blockchains, ETH team, and crypto drama +- I *know nothing* about the history of crypto and all the intricacies (miners, developer drama, dark web, etc.) + +After going through this recent price correction, I came to realize that that I really *don't care* all that much about Etherium, Bitcoin, etc. + +In fact, I can finally see that I got into crypto not because of some future decentralized tech utopia, but because of them dollar dollar bills. + +Obviously I think decentralized tech is cool and has potential to change a lot of things, but that's not what drew me into this. It was all about the **profit** and how it could help me achieve some semblance of financial independence from my hourly wage day job. Of course, now that I'm a bit deep into this, I plan to learn more about the tech and start trying to contribute meaningfully. + +So a word of caution to all the newbies out there like me, *remember why you got into this*. Stay level headed, learn as much as you can, and act according to your comfort level. + +Because all we're really doing is gambling... +Hi everybody. + +I'm seeking all and any advice on something which has become an extremely stressful issue in our household. Here goes: + +My wife got a letter a few weeks ago from "Bank of America" asking her to update the information on her account. It looked suspicious. The number it said to call wasn't the number on the back of her card so she called the number on her card and asked if it was legit. + +She was congratulated for being vigilant and advised that it *did* sound like a scam. She was told to destroy the letter, so she duly did. + +A couple of weeks later she tried to access her account but was locked out. So she called BofA and was told the account had been closed because her information hadn't been updated. So she answered some questions etc and was told the account would be restored asap. + +Sure enough, her account was soon back up and running. But the balance was ZERO. So she called back. She was told that the entire balance of her account (I won't say the figure but it was her entire life savings) had been posted by check to her here in the UK. No tracking. Just DHL to London. + +It's now been close to 3 weeks and still no cheque. Having lived here for 10 years she's pretty familiar with the standard postage times to the UK and it's usually less than a week. As you can imagine, she's a complete wreck but I've been reassuring her "it's really annoying but you won't just LOSE the money" She has called them every day since, and got a different answer every day. + +Today she spoke to someone who assured her +a) That the person to whom she was speaking was the highest rank person she could possibly talk to and +b) That if the check was cashed by someone else, BofA would take no responsibility. + +"There's nothing you can do but wait for 90 days (90 DAYS!!!) at which point we can reissue", they said. +They won't cancel it, they can't track it, they just said "wait". +Suddenly I'm not so confident about my reassurances to her. + +The good news is that is hasn't yet been cashed by anyone, but that's not helping my wife much - she's terrified all of her money will just be gone in a puff of smoke if someone does cash it. Given the sophistication of fraudsters today, it wouldn't surprise me at all if someone managed to do just that. I can't even imagine. + +But she's been told there's literally nothing she can do. No amount of calls will escalate her case. It's "no longer their responsibility". There's "Nothing they can do" if it's cashed, they told her. +I don't believe this. I can't believe it. + +Surely a bank as high profile as BofA wouldn't just empty a customer's account & tell them "good luck getting that back"? + +Is there anything we can do other than wait for 90 days? They won't cancel the check. (I have no idea why not but they won't). + +Thanks for reading this, any advice appreciated, hope the hive mind of reddit comes through. + +J + +I broke down crying on the subway today. I saved up $5k in 2 months working as a busser. Grew my portfolio to around $11k quit bussing and lost it all trading options and will have to find work again in a shitty restaurant. I have no future. I have no education or skills. I work as a shitty busser and i'm 23. It's pathetic. I have no girlfriend and never have had one. I don't know what to do or how to make money to escape this shitty cycle. I'm ending it all by 25. + +edit: +thanks for these comments I really appreciate it. +So my father was diagnosed with lung cancer about one year ago and it’s just been bad on everyone. + +Well a week ago, my father passed away. He had a life insurance policy of $300,000, and my mother has gotten that money today. I don’t know what she should do, or what she shouldn’t do with the money. + +My father told her to be smart so she doesn’t want to spend it or anything, but what should we specifically do with it right now? +It's a big milestone for me since I have 2 kids and full time mom, my wife. I have been only single income source for the entire marriage life and have no idea how I got to this far. + +If I add my house value (minus mortgage), the total will be about $0.5M, but I exclude that. + +I hope it gets better to save more and interests/dividends/etc from the quarter million boost the whole value a lot faster! + +BTW I'm in LA. so huge chunks of my income goes to mortgage payment. +Long-time Ape lurker here. I've been surprised to see essentially no talk about the Book King’s new company being about ... books. My wife and I run a mom and pop Indie Children's publisher and I have some pure speculation to share. I’ll keep this short: + +1. Indie publishing is HARD, and you’re under the thumb of Amazon. NFTs could change all of that, and I think RC is about to pull the trigger to enable this with Teddy + GameStop + Wallet. +2. I believe that there are interactive digital versions of the Teddy books to be delivered via NFT. So… of course the images of the book pages would change . + +**FYI, about being an indie publisher:** + +1. If you haven't heard of KDP (Kindle Direct Publishing ie. Amazon), consider yourself lucky. Being an author is a cruel calling. Amazon has strangle-hold on the print on demand industry and you really have no other choices. Indie publishers make at most a couple $ per book. +2. Your only other option is to pay to have a printer print 1000+ copies of your book, and their backlogs might be 6+ months. And then, you have to manage shipping yourself. +3. You can buy author copies at a discount from Amazon for you to sell yourself. But, author copies don’t ship via Prime, so you have to pay a ton on shipping, and they take weeks to get to you. +4. For years, our company has been producing each kids book twice: once for print on demand on Amazon, and once as an Interactive App for iOS and Android. We add in some fun games, narration, motion. We make more on a $3 app sale than we do on a $10 book sale. +5. As many have speculated, I also believe that Teddy books will be delivered digitally as NFTs. I further believe they’ll be interactive, game-like, and that’s why the images have been changing . + +**As a publisher, our view on NFTs:** + +1. We LOVE the idea of people being able to share, sell, trade our interactive books. Retaining even a modest royalty on an NFT transaction is a win, since people usually trust book recommendations from friends and family more than any kind of marketing. (Needless to say, we also LOVE the idea of a beloved company sharing in a small slice of billions of such transactions.) +2. We LOVE the idea of a physical book coming with an NFT for an interactive version. Right now, we’d have no way to manage that easily, and we would gladly partner or leverage a platform and marketplace that enables minting of NFTs for our interactive books. We’re unusual in our ability to make the apps… and the fact that we need to build and submit and maintain an app for each book is a pain. +3. I speculate that Teddy is gearing up to support authors in the creation of NFT interactive books. + +**There’s an ongoing need for retail!** + +1. And then there’s the potential for a physical presence in a mall… We LOVE the idea of a store in a mall having a physical copy of our books. +2. People still love to hold books, and shop in malls. I speculate that Ryan Cohen sees this and is gearing up to bring power to the authors in a hybrid fashion. +3. Physical presence: I can envision GameStop or (any other store) having a point of sale system which sells a physical copy and grants an NFT at the same time. If you pay with your GameStop Wallet, it’s all automatic. If you don’t have the GS Wallet there’s some sort of unique identifier which can get you the NFT later. +4. Maybe Teddy even has its own print on demand and distribution services to compete against KDP in a fair way because they can make their profit long-term on the share in the NFT licensing. +5. I can even imagine a group of providers who can help create the interactive versions and mint the NFTs for all of these amazing content creators. + +Maybe you can tell my wife is the wordsmith, but I wanted to put these thoughts out there as food for thought! + +&#x200B; + +EDIT to bolt on something u/ClosetCaseGrowSpace reminded me about wrt an NFT book reader... + +Yes! That NFT book reader is key, thanks for the reminder... I had some thoughts on that. + +I think it could be a killer app. Right now, you can't really publish kids picture books for e-readers. They're too static. That's why we produce our interactive books as mobile apps. + +We design in Unity, so our books are essentially games. Unity does an amazing job building cross-platform, and so it's no extra work for us to deploy iOS + Android. But, it takes a ton of time to submit each one separately. + +If I had RC/GS resources, I'd be building that book reader with a great authoring engine, something that empowers authors to add colour, movement, sound, and fun into their books. Blur the line between games and books, especially for kids. Mint at the push of a button... flatten into static pages for print at the push of another button - send it to a marketplace all at once. + +The future is so bright!! + +&#x200B; +Hi, I'm really just after some general advice on securing a property. My partner and I have our finance sorted and are now just looking for our first home. I've never done this before, and I'm hoping maybe I can draw on this community's experience in this area. + +My questions are: + +1. Is there such thing as a good or bad time to place an offer? Example, a property thats come onto the market on Monday, and has its first open house inspection on Saturday - am I better off getting on the phone to the agent ASAP and trying to organise a private inspection, and put offers forward before anyone else gets the opportunity? Or am I better off just taking a chill pill and waiting til the first open house, leaving the agent with an offer at that time. +2. Am I better off opening low and being willing to go up? This is the usual way of buying anything else I've ever bought like cars etc; open low and hope to meet in the middle somewhere. But house buying it seems is a bit competitive, and when a good one comes along (they've been rare lately) I don't want to miss out. +3. My understanding is if I make an offer for a house, and 1+ other person also makes an offer, they are required to tell me if my offer has been out-offered? Or can the owner just kind of say 'this offer was better, so the lower offering person can just f\* off'..? And lastly; +4. Whats to stop real estate agents from just lying to me and saying someones offered more and I would have to offer $xyz to stay in? + +These might be standard questions that all first homebuyers have, I'm not too sure. I keep searching internet for answers but most of what I find is in the context of buying in USA, so I'm not sure what the story is in the context of Australian real estate. Side note I couldn't find a subreddit specifically for Australian real estate, and didn't want to post in /r/RealEstate for the same reason. Apologies if this isn't the right sub. +I thought I'd post this because almost every discussion I've read online regarding stock markets talks about how the markets going up doesn't reflect the state of the economy, how we see jumps in the market based on bad news such as record unemployment and so on. Yes many economies are in terrible shape right now, rife with unemployment, productivity loss and contractions in consumer activity. While for some it may only be temporal, others are going to have to deal with the underlying structural issues that always existed but have only now manifested. I personally think Australia falls in the latter boat with the construction/real estate industry unless either further drastic measures are taken by our federal and state governments, or cashed up foreigners are given a clean slate to buy up all our property. + +Regardless, not to go off on a separate topic, there is something I feel a lot of people aren't considering when discussing current market activity. That is interest rates around the world, and particularly those in developed economies which are at record lows. The cash-rate in Australia is 0.25%, the US is 0.25% and the UK 0.1%. Switzerland is -0.75% and the Eurozone's rate is 0. + +Finance 101 teaches you that there are two primary interests you can hold in a company. A debt interest (creditor) and an equity interest (shareholder). Companies are legally obliged to pay their creditors back their principal and any interest agreed upon, while shareholders own a part of the company but are not actually guaranteed any return. Therefore it's obvious that a debt investor/creditor has superior rights as they will receive their payments irrespective of the company's profitability. Shareholders however are only entitled to payments out of the company's profits or distributions of assets. + +Given the nature of the payments an investor could expect to receive from both security classes, it is evident that a debt interests are far less risky. For an investor to choose an equity investment over a debt investment, the rate of return on equity must be greater than the rate of return on debt to the extent that they are willing to bear this risk. + +What does this mean? When the rate of return on debt is lower, it means the rate of return on equity will be lower too since the point at which an investor is willing to accept risk will be proportionate to their debt return. For example, Investor X decides they will only become a shareholder where their return on equity is **twice** that of their return on debt. + +1. Example A - Interest rate is 3.5%, Investor X requires a 7% return on equity. +2. Example B - Interest rate is 1%, Investor X requires a 2% return on equity. + +So now when you take into account that interest rates are at an all time low around the world, it becomes apparent that equity returns don't need to be particularly high to form a viable alternative to debt investing. + +Lets say you can invest in a term deposit or savings account and get a 1.5% p.a. return. Ignoring tax, after 3 years $100,000 in that account will become $104,567. Now lets say you bought $100,000 worth of shares in Bank Y at a price of $100. A fundamental analysis of Bank Y would suggest it's overvalued as it's P/E Ratio is absurdly high, something which is magnified by the economic downturn due to Covid19. Bank Y has a really rough Year 1 and makes a slight loss. Year 2 is better, but given projects were put on hold, it decides to retain the profits for reinvestment. Then in year 3 once things get back on track, Bank Y announces an unfranked dividend of 5%. Let's make an overly simplistic assumption that Bank Y's stock price dropped in prior years, but at the time of it's dividend it returned to $100. That $100,000 investment is now worth $105,000 and exceeds the 3 years of consistent returns in the savings accounts. + +Obviously this a cherry picked example to put a point across, but it highlights that a company not paying a dividend for 2 years and then paying a regular pre-covid dividend will still yield a better return than 3 years in an average market TD/savings account. + +I've also noticed people like talking about how there's always a dead cat bounce / bull trap before the 2nd drop comes. Well, I don't think we can be too confident about that second drop coming. Unlike in previous years where interest rates were far higher and investors could pull their money from the market and put it into risk free debt investments, doing so now simply isn't as viable now given the severe reduction of rates. + +Now while I can't with any certainty say that there will or won't be a drop in the future, my point is more that I don't think it's necessarily right to say that the market's movements don't reflect the economics. It's just the economics we're used to aren't what they used to be. +So I just finished reading the Barefoot investor book in the last month. I'd been putting it off for ages, since I already have a zero-based budget that I've tracked in Quicken for over ten years, and had 'heard it all before'. + +I was pleasantly surprised to have learned quite a few practical tips that I've already implemented (things like keeping splurge money separate from daily expenses). + +I have a younger sibling ~~good close friend~~ that has never been 'great at managing their money'. I recommended the book to a few people ~~them~~, and it turns out that my sibling ~~they~~ already had it, but hadn't read it. They committed to reading it right away. + +They loved the book, found it easy to follow, and I was looking forward to catching up with them, sharing our experiences as we both put it to use. + +Well, it turns out that a month or so ago they'd signed up with MyBudget. I'd never heard of this service, but it had a $1,300 establishment fee, and a $2,500 annual admin fee (both paid in weekly instalments). This friend was looking at paying down some credit card debt, which should have taken them 18 months. Thanks to MyBudget's fees, their new timeline was something like 3-4 years. I was so frustrated. + +I don't know much about MyBudget's business model, but their founder is now worth $26 million. + +**Tl;dr: Friend has wasted over $1,500 that they'll never see a return from. All of which could have been avoided by reading a $15 book, THAT THEY'D ALREADY PAID FOR.** + +**Edit**: this 'friend' was actually a younger sibling, who has asked for my help in the past with some similar things. +Hey everyone, + +Quick background, got a job at Maccas on my 14th birthday, worked there for about a year, saved about $4500 (put it in a HISA), then quit cause I'm in Europe now on student exchange. + +I've been looking into starting up a small business (like dropshipping) but I'm not really convinced its efficient. I am also looking into investing (day trading or small penny style stocks) but its quite hard to teach myself (school, resources etc.) and to make accounts cause I am under 18. I am wondering if anyone has any opinions, I have some time and self-discipline but I just need to start somewhere + +BTW: I don't have a lot of money left in my savings cause of travel. +Hey guys. + + +Merry Xmas ! + + + +I am coming back to you with a follow up post, as I have helped many people cash out this year and I have streamlined the process. After [my original post](https://www.reddit.com/r/Bitcoin/comments/6e7o79/a_simple_guide_for_the_bitcoin_millionaire_who/), I received many requests to be more specific and provide more details. I thought that after the amazing rally we have been attending over the last few months, and the volatility of the last few days, it would be interesting to revisit more extensively. + +The attitude of banks around crypto is changing slowly, but it is still a tough stance. For the first partial cash out I operated around a year ago for a client, it took me months to find a bank. They wouldn’t want to even consider the case and we had to knock at each and every door. Despite all my contacts it was very difficult back in the days. This has changed now, and banks have started to open their doors, but there is a process, a set of best practices and codes one has to follow. + +I often get requests from crypto guys who are very privacy-oriented, and it takes me months to have them understand that I am bound by Swiss law on banking secrecy, and I am their ally in this onboarding process. It’s funny how I have to convince people that banks are legit, while on the other side, banks ask me to show that crypto millionaires are legit. I have a solid background in both banking and in crypto so I manage to make the bridge, but yeah sometimes it is tough to reconcile the two worlds. I am a crypto enthusiast myself and I can say that after years of work in the banking industry I have grown disillusioned towards banks as well, like many of you. Still an account in a Private bank is convenient and powerful. So let’s get started. + + + + +- **A. What is required to open an account in a Private bank when you made your fortune through crypto.** + + +There are two different aspects to your onboarding in a Swiss Private bank, compliance-wise. + +*The origin of your crypto wealth + +*Your background (residence, citizenship and probity) + +These two aspects must be documented in-depth. + + +**How to document your crypto wealth.** +Each new crypto millionaire has a different story. I may detail a few fun stories later in this post, but at the end of the day, most of crypto rich I have met can be categorized within the following profiles: the miner, the early adopter, the trader, the corporate entity, the black market, the libertarian/OTC buyer. The real question is how you prove your wealth is legit. + +**1. Context around the original amount/investment** +Generally speaking, your first crypto purchase may not be documented. But the context around this acquisition can be. I have had many cases where the original amount was bought through Mtgox, and no proof of purchase could be provided, nor could be documented any Mtgox claim. That’s perfectly fine. At some point Mtgox amounted 70% of the bitcoin transactions globally, and people who bought there and managed to withdraw and keep hold of their bitcoins do not have any Mtgox claim. This is absolutely fine. + +What I am trying to document here is the following: +I need context. +If you made your first purchase by saving from summer jobs, show me a payroll. Even if it was USD 2k. +If you acquired your first bitcoins from mining, show me the bills of your mining equipment from 2012 or if it was through a pool mine, give me your slushpool account ref for instance. +If you were given bitcoin against a service you charged, show me an invoice. + + + +**2. Tracking your wealth until today and making sense of it.** +What I have been doing over the last few months was basically educating compliance officers. Thanks God, the blockchain is a global digital ledger! I have been telling my auditors and compliance officers they have the best tool at their disposal to lead a proper investigation. +Whether you like it or not, your wealth can be tracked, from address to address. You may have thought all along this was a bad feature, but I am telling you, if you want to cash out, in the context of Private Banking onboarding, tracking your wealth through the block explorer is a boon. We can see the inflows, outflows. We can see the age behind an address. An early adopter who bought 1000 BTC in 2010, and let his bitcoin behind one address and held thus far is legit, whether or not he has a proof of purchase to show. That’s just common sense. My job is to explain that to the banks in a language they understand. + + +Let’s have a look at a few examples and how to document the few profiles I mentioned earlier. + +**The trader.** +I love traders. These are easy cases. I have a ton of respect for them. Being a trader myself in investment banks for a decade earlier in my career has taught me that controlling one’s emotions and having the discipline to impose oneself some proper risk management system is really really hard. Further, being able to avoid the exchange bankruptcy and hacks throughout crypto history is outstanding. It shows real survival instinct, or just plain blissed ignorance. +In any cases traders at exchange are easy cases to corroborate since their whole track record is potentially available. Some traders I have met have automated their trading and have shown me more than 500k trades done over the span of 4 years. Obviously in this kind of scenario I don’t show everything to the bank to avoid information overload, and prefer to do some snacking here and there. My strategy is to show the early trades, the most profitable ones, explain the trading strategy and (partially expose) the situation as of now with id pages of the exchanges and current balance. +Many traders have become insensitive to the risk of parking their crypto at exchange as they want to be able to trade or to grasp an occasion any minute, so they generally do not secure a substantial portion on the blockchain which tends to make me very nervous. + +**The early adopter.** +Provided that he has not mixed his coin, the early adopter or “hodler” is not a difficult case either. +Who cares how you bought your first 10k btc if you bought them below 3$ ? Even if you do not have a purchase proof, I would generally manage to find ways. We just have to corroborate the original 30’000 USD investment in this case. +I mainly focus on three things here: + +*proof of early adoption +I have managed to educate some banks on a few evidences specifically related to crypto markets. For instance with me, an old bitcointalk account can serve as a proof of early adoption. Even an old reddit post from a few years ago where you say how much you despise this Ripple premined scam can prove to be a treasure readily available to show you were early. + +*story telling. +Compliance officers like to know when, why and how. They are human being looking for simple answers to simple questions and they don’t want like to be played fool. Telling the truth, even without a proof can do wonders, and even though bluffing might still work because banks don’t fully understand bitcoin yet, it is a risky strategy that is less and less likely to pay off as they are getting more sophisticated by the day. + +*micro transaction from an old address you control +This is the killer feature. Send a $20 worth transaction from an old address to my company wallet and to one of my partner bank’s wallet and you are all set ! This is gold and considered a very solid piece of evidence. + +*ICO millionaire +Some clients made their wealth participating in ETH crowdsale or IOTA ICO. They were very easy to deal with obviously and the account opening was very smooth since we could evidence the GENESIS TxHash flow. + +**The miner** +Not so easy to proof the wealth is legit in that case. +Most early miners never took screenshot of the blocks on bitcoin core, nor did they note down the block number of each block they mined. Until the the Slashdot article from August 2010 anyone could mine on his laptop, let his computer run overnight and wake up to a freshly minted block containing 50 bitcoins back in the days. Not many people were structured enough to store and secure these coins, avoid malwares while syncing the blockchain continuously, let alone document the mined blocks in the process. What was 50 BTC worth really for the early miners ? dust of dollars, games and magic cards… Even miners post 2010 are generally difficult to deal with in terms of compliance onboarding. Many pool mining are long dead. Deepbit is down for instance and the founders are MIA. +So my strategy to proof mining activity is as follow: + +*Focusing on IT background whenever possible. +An IT background does help a lot to bring some substance to the fact you had the technical ability to operate a mining rig. + +*Showing mining equipment receipts. +If you mined on your own you must have bought the hardware to do so. For instance mining equipment receipts from butterfly lab from 2012-2013 could help document your case. Similarly, high electricity bill from your household on a consistent basis back in the day could help. I have already unlocked a tricky case in the past with such documents when the bank was doubtful. + +*Wallet.dat files with block mining transactions from 2011 thereafter +This obviously is a fantastic piece of evidence for both you and me if you have an old wallet and if you control an address that received original mined blocks, (even if the wallet is now empty). I will make sure compliance officers understand what it means, and as for the early adopter, you can prove your control over these wallet through a microtransaction. With these kind of addresses, I can show on the block explorer the mined block rewards hitting at regular time interval, and I can even spot when difficulty level increased or when halvening process happened. + + +*Poolmining account. +Here again I have educated my partner bank to understand that a slush account opened in 2013 or an OnionTip presence was enough to corroborate mining activity. The block explorer then helps me to do the bridge with your current wallet. + + +*Describing your set up and putting it in context +In the history of mining we had CPU, GPU, FPG and ASICs mining. I will describe your technical set up and explain why and how your set up was competitive at that time. + + +**The corporate entity** +Remember 2012 when we were all convinced bitcoin would take over the world, and soon everyone would pay his coffee in bitcoin? How naïve we were to think transaction fees would remain low forever. I don’t blame bitcoin cash supporters; I once shared this dream as well. Remember when we thought global adoption was right around the corner and some brick and mortar would soon accept bitcoin transaction as a common mean of payment? Well, some shop actually did accept payment and held. +I had a few cases as such of shops holders, who made it to the multi million mark holding and had invoices or receipts to proof the transactions. If you are organized enough to keep a record for these trades and are willing to cooperate for the documentation, you are making your life easy. +The digital advertising business is also a big market for the bitcoin industry, and affiliates partner compensated in btc are common. It is good to show an invoice, it is better to show a contract. If you do not have a contract (which is common since all advertising deals are about ticking a check box on the website to accept terms and conditions), there are ways around that. If you are in that case, pm me. + +**The black market** +Sorry guys, I can’t do much for you officially. Not that I am judging you. I am a libertarian myself. It’s just already very difficult to onboard legit btc adopters, so the black market is a market I cannot afford to consider. My company is regulated so KYC and compliance are key for me if I want to stay in business. Behind each case I push forward I am risking the credibility and reputation I have built over the years. So I am sorry guys I am not risking it to make an extra buck. Your best hope is that crypto will eventually take over the world and you won’t need to cash out anyway. Or go find a Lithuanian bank that is light on compliance and cooperative. + +**The OTC buyer and the libertarian.** +Generally a very difficult case. If you bought your stack during your journey in Japan 5 years ago to a guy you never met again; or if you accumulated on https://localbitcoins.com/ and kept no record or lost your account, it is going to be difficult. Not impossible but difficult. We will try to build a case with everything else we have, and I may be able to onboard you. However I am risking a lot here so I need to be 100% confident you are legit, before I defend you. Come & see me in Geneva, and we will talk. If you mixed your coins all along your crypto history, and shredded your seeds because you were paranoid, or if you made your wealth mining professionally monero over the last 3 years but never opened an account at an exchange. ¯\_(ツ)_/¯ +I am not a magician and don’t get me wrong, I love monero, it’s not the point. + + +- **B. The tax issue** +I am not a tax specialist, but I can say that this year I have seen it all. +Again I am not judging. You made $100m hodling, and still wouldn’t pay your taxes ? Your decision.**I personally advise everyone to pay their taxes, but also to be generous, to give to charities. I mean you eventually made it. Good for you. What about you contribute to make the world a better place now?** I will stop patronizing you. It’s just my 2cts, and it’s your money. + +For the record, I am not into the tax avoidance business, so people come to me with a set up and I see if I can make it work within the legal framework imposed to me. + +First, stop thinking Switzerland is a “offshore heaven” +Swiss banks have made deals with many governments for the exchange of fiscal information. If you are a French citizen, resident in France and want to open an account in a Private Bank in Switzerland to cash out your bitcoins, you will get slaughtered. There are ways around that, and I could refer you to good tax specialists for fiscal optimization, but I cannot organize it myself. It would be illegal for me. + +For information, these are the kind of set up some of my clients came up with. It’s all legal; obviously I do not onboard clients that are not tax compliant. Further disclaimer: I did not contribute myself to these set up. Do not ask me to organize it for you. I won’t. + + +**EU tricks** + +**[Swiss lump sum taxation](https://assets.kpmg.com/content/dam/kpmg/pdf/2016/06/ch-lump-sum-taxation-en.pdf)** +Foreign nationals resident in Switzerland can be taxed on a lump-sum basis if they are not gainfully employed in our country. Under the lump-sum tax regime, foreign nationals taking residence in Switzerland may choose to pay an expense-based tax instead of ordinary income and wealth tax. Attractive cantons for the lump sum taxation are Zug, Vaud, Valais, Grisons, Lucerne and Berne. To make it short, you will be paying somewhere between 200 and 400k a year and all expenses will be deductible. + +Switzerland has adopted a very friendly attitude towards crypto currency in general. There is a whole crypto valley in Zug now. 30% of ICOs are operated in Switzerland. The reason is that Switzerland has thrived for centuries on banking secrecy, and today with FATCA and exchange of fiscal info with EU, banking secrecy is dead. Regulators in Switzerland have understood that digital ledger technologies were a way to roll over this competitive advantage for the generations to come. Switzerland does not tax capital gains on crypto profits. + + +**[Italy new tax exemption.](http://www.wfw.com/wp-content/uploads/2017/01/WFW-NON-DOM-Italy-January-2017.pdf)** +It’s a brand new fiscal exemption. Go to Aoste and get residency and be tax free for 10y. Yes, [really](http://www.ey.com/gl/en/services/people-advisory-services/hc-alert--italy-introduces-special-tax-and-immigration-rules-to-attract-foreign-workers-and-investors). + + + +**[Portugal](https://www.blevinsfranks.com/news/article/NHR-Portugal-ten-years-tax-free-pensions)** +What’s crazy in Europe is the lack of fiscal harmonization. Even if no one in Brussels dares admit it, every other country is doing fiscal dumping. Portugal is such a country and has proved very friendly fiscally speaking. I personally have a hard time trusting Europe. I have witnessed what happened in Greece over the last few years. Some of our ultra high net worth clients got stuck with capital controls. I mean no way you got out of crypto to have your funds confiscated at the next financial crisis! +Anyway. [FYI](http://www.livinginportugal.com/en/moving-to-portugal/tax-regime-for-non-habitual-residents/) + +**[Malta](http://www.nomoretax.eu/living/relocation-to-malta/)** +Generally speaking, if you get a residence somewhere you have to live there for a certain period of time. Being stuck in Italy is no big deal with Schengen Agreement, but in Malta it is a different story. +In Malta, the ordinary residence scheme is more attractive than the HNWI residence scheme. Being an individual, you can hold a residence permit under this scheme and pay zero income tax in Malta in a completely legal way. + + +**[Monaco](http://www.bradleyhackford.com/en/monaco-relocation-monaco-tax-residency/)** +Not suitable for French citizens, but for other Ultra High Net worth individual, Monaco is worth considering. You need an account at a local bank as a proof of fortune, and this account generally has to be seeded with at least EUR500k. You also need a proof of residence. I do mean UHNI because if you don’t cash out minimum 30m it’s not interesting. Everything is expensive in Monaco. Real Estate is EUR 50k per square meter. A breakfast at Monte Carlo Bay hotel is 70 EUR. Monaco is sunny but sometimes it feels like a golden jail. Do you really want that for your kids? + + +**Dubaï** + +1. Set up a company in Dubaï, get your resident card. + +2. Spend one day every 6 month there + +3. ??? + +4. Be tax free + +**US tricks** +Some Private banks in Geneva do have the license to manage the assets of US persons and U.S citizens. However, do not think it is a way to avoid paying taxes in the US. Opening an account at an authorized Swiss Private banks is literally the same tax-wise as opening an account at Fidelity or at Bank of America in the US. The only difference is that you will avoid all the horror stories. Horror stories are all real by the way. In Switzerland, if you build a decent case and answer all the questions and corroborate your case in depth, you will manage to convince compliance officers beforehand. When the money eventually hits your account, it is actually available and not frozen. + +The IRS and FATCA require to file FBAR if an offshore account is open. However FBAR is a reporting requirement and does not have taxes related to holding an account outside the US. The taxes would be the same if the account was in the US. However penalties for non compliance with FBAR are very large. The tax liability management is actually performed through the management of the assets ( for exemple by maximizing long term capital gains and minimizing short term gains). + +The case for Porto Rico. +Full disclaimer here. I am not encouraging this. Have not collaborated on such tax avoidance schemes. if you are interested I strongly encourage you to seek a tax advisor and get a legal opinion. I am not responsible for anything written below. I am not going to say much because I am so afraid of uncle Sam that I prefer to humbly pass the hot potato to [pwc](https://www.pwc.com/gx/en/hr-management-services/newsletters/global-watch/assets/pwc-puerto-rico-income-tax-exemption-granted-non-residents.pdf) +From here all it takes is a good advisor and some creativity to be tax free on your crypto wealth if you are a US person apparently. Please, please please don’t ask me more. And read the disclaimer again. + + +**Trust tricks** +Generally speaking I do not accept fringe fiscal situation because it puts me in a difficult situation to the banks I work with, and it is already difficult enough to defend a legit crypto case. Trust might be a way to optimize your fiscal situation. Belize. Bahamas. Seychelles. Panama, You name it. At the end of the day, what matters for Swiss Banks are the beneficial owner and the settlor. Get a legal opinion, get it done, and when you eventually knock at a private bank’s door, don’t say it was for fiscal avoidance you stupid ! You will get the door smashed upon you. Be smarter. It will work. My advice is just to have it done by a great tax specialist lawyer, even if it costs you some money, as the entity itself needs to be structured in a professional way. Remember that with trust you are dispossessing yourself off your wealth. Not something to be taken lightly. + +**“Anonymous” cash out.** +Right. I think I am not going into this topic, neither expose the ways to get it done. Pm me for details. I already feel a bit uncomfortable with all the info I have provided. I am just going to mention many people fear that crypto exchange might become reporting entities soon, and rightly so. This might happen anyday. You have been warned. + +- **C. The cash out itself** +So you have accumulated patiently a good amount of wealth. For some of us who have been involved in crypto since 2010, it took years. Remember when BTC was stuck at 200$ for months? I personally feel like it was yesterday. There is no way you screw up your wealth by cashing out in a hurry or with low security standards. Here is how the cash out takes should place. + +**Full cash out or partial cash out?** +People who have been sitting on crypto for long have grown an emotional and irrational link with their coins. They come to me and say, look, I have 50m in crypto but I would like to cash out 500k only. +So first let me tell you that as a wealth manager my advice to you is to take some off the table. Doing a partial cash out is absolutely fine. The market is bullish. We are witnessing a redistribution of wealth at a global scale. Bitcoin is the real #occupywallstreet, and every one will discuss crypto at Xmas eve which will make the market even more supportive beginning 2018, especially with all hedge funds entering the scene. If you want to stay exposed to bitcoin and altcoins, and believe these techs will change the world, it’s just natural you want to keep some coins. +In the meantime, if you have lived off pizzas over the last years, and have the means to now buy yourself an nice house and have an account at a private bank, then f***ing do it mate ! +Buy physical gold with this account, buy real estate, have some cash at hands. Even though US dollar is worthless to your eyes, it’s good and convenient to have some. Also remember your wife deserves it ! And if you have no wife yet and you are socially awkward like the rest of us, then maybe cashing out partially will help your situation ;) + +**What the Private Banks expect.** +Joke aside, it is important you understand something. If you come around in Zurich to open a bank account and partially cash out, just don’t expect Private Banks will make an exception for you if you are small. You can’t ask them to facilitate your cash out, buy a 1m apartment with the proceeds of the sale, and not leave anything on your current account. It won’t work. Sadly, under 5m you are considered small in private banking. The bank is ok to let you open an account, provided that your kyc and compliance file are validated, but they will also want you to become a client and leave some money there to invest. This might me despicable, but I am just explaining you their rules. +If you want to cash out, you should sell enough to be comfortable and have some left. +Also expect the account opening to last at least 3-4 week if everything goes well. You can't just open an account overnight. + +**The cash out logistics.** +Cashing out 1m USD a day in bitcoin or more is not so hard. + +Let me just tell you this: +Even if you get a Tier 4 account with Kraken and ask Alejandro there to raise your limit over $100k per day, +Even if you have a bitfinex account and you are willing to expose your wealth there, +Even if you have managed to pass all the crazy due diligence at Bitstamp, +Even if you have eventually managed to get hold of Lucas at Cumberland, + +The amount should be fractioned to avoid risking your full wealth on exchange and getting slaughtered on the price by trading big quantities. Cashing out involves significant risks at all time. There is a security risk of compromising your keys, a counterparty risk, a fat finger risk. Let it be done by professionals. It is worth every single penny. + +Most importantly, there is a major difference between trading on an exchange and trading OTC. Even though it’s not publicly disclosed some exchange like Kraken do have OTC desks. +Trading on an exchange for a large amount will weight on the prices. Bitcoin is a thin market. In my opinion over 30% of the coins are lost in translation forever. Selling $10m on an exchange in a day can weight on the prices more than you’d think. And if you trade on a exchange, everything is shown on record, and you might wipe out the prices because on exchanges like bitstamp or kraken ultimately your counterparties are retail investors and the market depth is not huge. It is a bit better on Bitfinex. +It is way better to trade OTC. +Accessing the institutional OTC market is not easy, and that is also the reason why you should ask a regulated financial intermediary (like the company I set up) if we are talking about huge amounts. + +Last point, always chose EUR as opposed to USD. EU correspondent banks won’t generally block institutional amounts. However we had the cases of USD funds frozen or delayed by weeks.- + + +**Your options: DIY or going through a regulated financial intermediary.** + +Execution trading is a job in itself. You have to be patient, be careful not to wipe out the order book and place limit orders, monitor the market intraday for spikes or opportunities. At big levels, for a large cash out that may take weeks, these kind of details will save you hundred thousands of dollars. I understand crypto holders are suspicious and may prefer to do it by themselves, but there are regulated entities who now offer the services. +Besides, being a crypto millionaire is not a guarantee you will get institutional daily withdrawal limits at exchange. You might, but it will take you another round of KYC with them, and surprisingly this round might be even more aggressive that the ones at Private banks since exchange have gone under intense scrutiny by regulators lately. + +The fees for cashing out through a regulated financial intermediary to help you with your cash out should be around 1-2% flat on the nominal, not more. And for this price you should get the full package: execution/monitoring of the trades AND onboarding in a private bank. If you are asked more, you are being abused. + +Of course, you also have the option to do it yourself. It is a way more tedious and risky process. +Compliance with the exchange, compliance with the private bank, trading BTC/fiat, monitoring the transfers…You will save some money but it will take you some time and stress. Further, if you approach a private bank directly, it will trigger a series of red flag to the banks. As I said in my previous post, they call a direct approach a “walk-in”. They will be more suspicious than if you were introduced by someone and won’t hesitate to show you high fees and load your portfolio with in-house products that earn more money to the banks than to you. Remember also most banks still do not understand crypto so you will have a lot of explanations to provide and you will have to start form scratch with them! + +**The paradox of crypto millionaires** +Most of my clients who made their wealth through crypto all took massive amount of risks to end up where they are. However, most of them want their bank account to be managed with a low volatility fixed income capital preservation risk profile. This is a paradox I have a hard time to explain and I think it is mainly due to the fact that most are distrustful towards banks and financial markets in general. Many clients who have sold their crypto also have a cash-out blues in the first few months. This is a classic situation. The emotions involved in hodling for so long, the relief that everything has eventually gone well, the life-changing dynamics, the difficulties to find a new motivation in life…All these elements may trigger a post cash-out depression. It is another paradox of the crypto rich who has every card in his hand to be happy, but often feel a bit sad and lonely. +Sometimes, even though it’s not my job, I had to do some psychological support. A lot of clients have also become my friends, because we have the same age and went through the same “ordeal”. First world problem I know… +Remember, cashing out is not the end. It’s actually the beginning. Don’t look back, don’t regret. +Cash out partially, because it does not make sense to cash out in full, regret it and want back in. relax. + +**The race to cash out crypto billionaire and the concept of late exiter.** +The Winklevoss brothers are obviously the first of a series. There will be crypto billionaires. Many of them. At a certain level you can have a whole family office working for you to manage your assets and take care of your needs . However, let me tell you it’s is not because you made it so big that you should think you are a genius and know everything better than anyone. You should hire professionals to help you. Managing assets require some education around the investment vehicles and risk management strategies. +Sorry guys but with all the respect I have for r/wallstreebet, AMD and YOLO stock picking, some discipline is necessary. +The investors who have made money through crypto are generally early adopters. However I have started to see another profile popping up. They are not early adopters. They are late exiters. It is another way but just as efficient. Last week I met the first crypto millionaire I know who first bough bitcoin over 1000$. 55k invested at the beginning of this year. Late adopter & late exiter is a route that can lead to the million. + + + +**Last remarks.** +I know banks, bankers, and FIAT currencies are so last century. I know some of you despise them and would like to have them burn to the ground. With compliance officers taking over the business, I would like to start the fire myself sometimes. I hope this extensive guide has helped some of you. I am around if you need more details. I love my job despite all my frustration towards the banking industry because it makes me meet interesting people on a daily basis. I am a crypto enthusiast myself, and I do think this tech is here to stay and will change the world. Banks will have to adapt big time. Things have started to change already; they understand the threat is real. I can feel the generational gap in Geneva, with all these old bankers who don’t get what’s going on. They glaze at the bitcoin chart on CNBC in disbelief and they start to get it. This bitcoin thing is not a joke. +Deep inside, as an early adopter who also intends to be a late exiter, as a libertarian myself, it makes me smile with satisfaction. + +Cheers. +@swisspb on telegram + +Hey guys. + + +Merry Xmas ! + + + +I am coming back to you with a follow up post, as I have helped many people cash out this year and I have streamlined the process. After [my original post](https://www.reddit.com/r/Bitcoin/comments/6e7o79/a_simple_guide_for_the_bitcoin_millionaire_who/), I received many requests to be more specific and provide more details. I thought that after the amazing rally we have been attending over the last few months, and the volatility of the last few days, it would be interesting to revisit more extensively. + +The attitude of banks around crypto is changing slowly, but it is still a tough stance. For the first partial cash out I operated around a year ago for a client, it took me months to find a bank. They wouldn’t want to even consider the case and we had to knock at each and every door. Despite all my contacts it was very difficult back in the days. This has changed now, and banks have started to open their doors, but there is a process, a set of best practices and codes one has to follow. + +I often get requests from crypto guys who are very privacy-oriented, and it takes me months to have them understand that I am bound by Swiss law on banking secrecy, and I am their ally in this onboarding process. It’s funny how I have to convince people that banks are legit, while on the other side, banks ask me to show that crypto millionaires are legit. I have a solid background in both banking and in crypto so I manage to make the bridge, but yeah sometimes it is tough to reconcile the two worlds. I am a crypto enthusiast myself and I can say that after years of work in the banking industry I have grown disillusioned towards banks as well, like many of you. Still an account in a Private bank is convenient and powerful. So let’s get started. + + + + +- **A. What is required to open an account in a Private bank when you made your fortune through crypto.** + + +There are two different aspects to your onboarding in a Swiss Private bank, compliance-wise. + +*The origin of your crypto wealth + +*Your background (residence, citizenship and probity) + +These two aspects must be documented in-depth. + + +**How to document your crypto wealth.** +Each new crypto millionaire has a different story. I may detail a few fun stories later in this post, but at the end of the day, most of crypto rich I have met can be categorized within the following profiles: the miner, the early adopter, the trader, the corporate entity, the black market, the libertarian/OTC buyer. The real question is how you prove your wealth is legit. + +**1. Context around the original amount/investment** +Generally speaking, your first crypto purchase may not be documented. But the context around this acquisition can be. I have had many cases where the original amount was bought through Mtgox, and no proof of purchase could be provided, nor could be documented any Mtgox claim. That’s perfectly fine. At some point Mtgox amounted 70% of the bitcoin transactions globally, and people who bought there and managed to withdraw and keep hold of their bitcoins do not have any Mtgox claim. This is absolutely fine. + +What I am trying to document here is the following: +I need context. +If you made your first purchase by saving from summer jobs, show me a payroll. Even if it was USD 2k. +If you acquired your first bitcoins from mining, show me the bills of your mining equipment from 2012 or if it was through a pool mine, give me your slushpool account ref for instance. +If you were given bitcoin against a service you charged, show me an invoice. + + + +**2. Tracking your wealth until today and making sense of it.** +What I have been doing over the last few months was basically educating compliance officers. Thanks God, the blockchain is a global digital ledger! I have been telling my auditors and compliance officers they have the best tool at their disposal to lead a proper investigation. +Whether you like it or not, your wealth can be tracked, from address to address. You may have thought all along this was a bad feature, but I am telling you, if you want to cash out, in the context of Private Banking onboarding, tracking your wealth through the block explorer is a boon. We can see the inflows, outflows. We can see the age behind an address. An early adopter who bought 1000 BTC in 2010, and let his bitcoin behind one address and held thus far is legit, whether or not he has a proof of purchase to show. That’s just common sense. My job is to explain that to the banks in a language they understand. + + +Let’s have a look at a few examples and how to document the few profiles I mentioned earlier. + +**The trader.** +I love traders. These are easy cases. I have a ton of respect for them. Being a trader myself in investment banks for a decade earlier in my career has taught me that controlling one’s emotions and having the discipline to impose oneself some proper risk management system is really really hard. Further, being able to avoid the exchange bankruptcy and hacks throughout crypto history is outstanding. It shows real survival instinct, or just plain blissed ignorance. +In any cases traders at exchange are easy cases to corroborate since their whole track record is potentially available. Some traders I have met have automated their trading and have shown me more than 500k trades done over the span of 4 years. Obviously in this kind of scenario I don’t show everything to the bank to avoid information overload, and prefer to do some snacking here and there. My strategy is to show the early trades, the most profitable ones, explain the trading strategy and (partially expose) the situation as of now with id pages of the exchanges and current balance. +Many traders have become insensitive to the risk of parking their crypto at exchange as they want to be able to trade or to grasp an occasion any minute, so they generally do not secure a substantial portion on the blockchain which tends to make me very nervous. + +**The early adopter.** +Provided that he has not mixed his coin, the early adopter or “hodler” is not a difficult case either. +Who cares how you bought your first 10k btc if you bought them below 3$ ? Even if you do not have a purchase proof, I would generally manage to find ways. We just have to corroborate the original 30’000 USD investment in this case. +I mainly focus on three things here: + +*proof of early adoption +I have managed to educate some banks on a few evidences specifically related to crypto markets. For instance with me, an old bitcointalk account can serve as a proof of early adoption. Even an old reddit post from a few years ago where you say how much you despise this Ripple premined scam can prove to be a treasure readily available to show you were early. + +*story telling. +Compliance officers like to know when, why and how. They are human being looking for simple answers to simple questions and they don’t want like to be played fool. Telling the truth, even without a proof can do wonders, and even though bluffing might still work because banks don’t fully understand bitcoin yet, it is a risky strategy that is less and less likely to pay off as they are getting more sophisticated by the day. + +*micro transaction from an old address you control +This is the killer feature. Send a $20 worth transaction from an old address to my company wallet and to one of my partner bank’s wallet and you are all set ! This is gold and considered a very solid piece of evidence. + +*ICO millionaire +Some clients made their wealth participating in ETH crowdsale or IOTA ICO. They were very easy to deal with obviously and the account opening was very smooth since we could evidence the GENESIS TxHash flow. + +**The miner** +Not so easy to proof the wealth is legit in that case. +Most early miners never took screenshot of the blocks on bitcoin core, nor did they note down the block number of each block they mined. Until the the Slashdot article from August 2010 anyone could mine on his laptop, let his computer run overnight and wake up to a freshly minted block containing 50 bitcoins back in the days. Not many people were structured enough to store and secure these coins, avoid malwares while syncing the blockchain continuously, let alone document the mined blocks in the process. What was 50 BTC worth really for the early miners ? dust of dollars, games and magic cards… Even miners post 2010 are generally difficult to deal with in terms of compliance onboarding. Many pool mining are long dead. Deepbit is down for instance and the founders are MIA. +So my strategy to proof mining activity is as follow: + +*Focusing on IT background whenever possible. +An IT background does help a lot to bring some substance to the fact you had the technical ability to operate a mining rig. + +*Showing mining equipment receipts. +If you mined on your own you must have bought the hardware to do so. For instance mining equipment receipts from butterfly lab from 2012-2013 could help document your case. Similarly, high electricity bill from your household on a consistent basis back in the day could help. I have already unlocked a tricky case in the past with such documents when the bank was doubtful. + +*Wallet.dat files with block mining transactions from 2011 thereafter +This obviously is a fantastic piece of evidence for both you and me if you have an old wallet and if you control an address that received original mined blocks, (even if the wallet is now empty). I will make sure compliance officers understand what it means, and as for the early adopter, you can prove your control over these wallet through a microtransaction. With these kind of addresses, I can show on the block explorer the mined block rewards hitting at regular time interval, and I can even spot when difficulty level increased or when halvening process happened. + + +*Poolmining account. +Here again I have educated my partner bank to understand that a slush account opened in 2013 or an OnionTip presence was enough to corroborate mining activity. The block explorer then helps me to do the bridge with your current wallet. + + +*Describing your set up and putting it in context +In the history of mining we had CPU, GPU, FPG and ASICs mining. I will describe your technical set up and explain why and how your set up was competitive at that time. + + +**The corporate entity** +Remember 2012 when we were all convinced bitcoin would take over the world, and soon everyone would pay his coffee in bitcoin? How naïve we were to think transaction fees would remain low forever. I don’t blame bitcoin cash supporters; I once shared this dream as well. Remember when we thought global adoption was right around the corner and some brick and mortar would soon accept bitcoin transaction as a common mean of payment? Well, some shop actually did accept payment and held. +I had a few cases as such of shops holders, who made it to the multi million mark holding and had invoices or receipts to proof the transactions. If you are organized enough to keep a record for these trades and are willing to cooperate for the documentation, you are making your life easy. +The digital advertising business is also a big market for the bitcoin industry, and affiliates partner compensated in btc are common. It is good to show an invoice, it is better to show a contract. If you do not have a contract (which is common since all advertising deals are about ticking a check box on the website to accept terms and conditions), there are ways around that. If you are in that case, pm me. + +**The black market** +Sorry guys, I can’t do much for you officially. Not that I am judging you. I am a libertarian myself. It’s just already very difficult to onboard legit btc adopters, so the black market is a market I cannot afford to consider. My company is regulated so KYC and compliance are key for me if I want to stay in business. Behind each case I push forward I am risking the credibility and reputation I have built over the years. So I am sorry guys I am not risking it to make an extra buck. Your best hope is that crypto will eventually take over the world and you won’t need to cash out anyway. Or go find a Lithuanian bank that is light on compliance and cooperative. + +**The OTC buyer and the libertarian.** +Generally a very difficult case. If you bought your stack during your journey in Japan 5 years ago to a guy you never met again; or if you accumulated on https://localbitcoins.com/ and kept no record or lost your account, it is going to be difficult. Not impossible but difficult. We will try to build a case with everything else we have, and I may be able to onboard you. However I am risking a lot here so I need to be 100% confident you are legit, before I defend you. Come & see me in Geneva, and we will talk. If you mixed your coins all along your crypto history, and shredded your seeds because you were paranoid, or if you made your wealth mining professionally monero over the last 3 years but never opened an account at an exchange. ¯\_(ツ)_/¯ +I am not a magician and don’t get me wrong, I love monero, it’s not the point. + + +- **B. The tax issue** +I am not a tax specialist, but I can say that this year I have seen it all. +Again I am not judging. You made $100m hodling, and still wouldn’t pay your taxes ? Your decision.**I personally advise everyone to pay their taxes, but also to be generous, to give to charities. I mean you eventually made it. Good for you. What about you contribute to make the world a better place now?** I will stop patronizing you. It’s just my 2cts, and it’s your money. + +For the record, I am not into the tax avoidance business, so people come to me with a set up and I see if I can make it work within the legal framework imposed to me. + +First, stop thinking Switzerland is a “offshore heaven” +Swiss banks have made deals with many governments for the exchange of fiscal information. If you are a French citizen, resident in France and want to open an account in a Private Bank in Switzerland to cash out your bitcoins, you will get slaughtered. There are ways around that, and I could refer you to good tax specialists for fiscal optimization, but I cannot organize it myself. It would be illegal for me. + +For information, these are the kind of set up some of my clients came up with. It’s all legal; obviously I do not onboard clients that are not tax compliant. Further disclaimer: I did not contribute myself to these set up. Do not ask me to organize it for you. I won’t. + + +**EU tricks** + +**[Swiss lump sum taxation](https://assets.kpmg.com/content/dam/kpmg/pdf/2016/06/ch-lump-sum-taxation-en.pdf)** +Foreign nationals resident in Switzerland can be taxed on a lump-sum basis if they are not gainfully employed in our country. Under the lump-sum tax regime, foreign nationals taking residence in Switzerland may choose to pay an expense-based tax instead of ordinary income and wealth tax. Attractive cantons for the lump sum taxation are Zug, Vaud, Valais, Grisons, Lucerne and Berne. To make it short, you will be paying somewhere between 200 and 400k a year and all expenses will be deductible. + +Switzerland has adopted a very friendly attitude towards crypto currency in general. There is a whole crypto valley in Zug now. 30% of ICOs are operated in Switzerland. The reason is that Switzerland has thrived for centuries on banking secrecy, and today with FATCA and exchange of fiscal info with EU, banking secrecy is dead. Regulators in Switzerland have understood that digital ledger technologies were a way to roll over this competitive advantage for the generations to come. Switzerland does not tax capital gains on crypto profits. + + +**[Italy new tax exemption.](http://www.wfw.com/wp-content/uploads/2017/01/WFW-NON-DOM-Italy-January-2017.pdf)** +It’s a brand new fiscal exemption. Go to Aoste and get residency and be tax free for 10y. Yes, [really](http://www.ey.com/gl/en/services/people-advisory-services/hc-alert--italy-introduces-special-tax-and-immigration-rules-to-attract-foreign-workers-and-investors). + + + +**[Portugal](https://www.blevinsfranks.com/news/article/NHR-Portugal-ten-years-tax-free-pensions)** +What’s crazy in Europe is the lack of fiscal harmonization. Even if no one in Brussels dares admit it, every other country is doing fiscal dumping. Portugal is such a country and has proved very friendly fiscally speaking. I personally have a hard time trusting Europe. I have witnessed what happened in Greece over the last few years. Some of our ultra high net worth clients got stuck with capital controls. I mean no way you got out of crypto to have your funds confiscated at the next financial crisis! +Anyway. [FYI](http://www.livinginportugal.com/en/moving-to-portugal/tax-regime-for-non-habitual-residents/) + +**[Malta](http://www.nomoretax.eu/living/relocation-to-malta/)** +Generally speaking, if you get a residence somewhere you have to live there for a certain period of time. Being stuck in Italy is no big deal with Schengen Agreement, but in Malta it is a different story. +In Malta, the ordinary residence scheme is more attractive than the HNWI residence scheme. Being an individual, you can hold a residence permit under this scheme and pay zero income tax in Malta in a completely legal way. + + +**[Monaco](http://www.bradleyhackford.com/en/monaco-relocation-monaco-tax-residency/)** +Not suitable for French citizens, but for other Ultra High Net worth individual, Monaco is worth considering. You need an account at a local bank as a proof of fortune, and this account generally has to be seeded with at least EUR500k. You also need a proof of residence. I do mean UHNI because if you don’t cash out minimum 30m it’s not interesting. Everything is expensive in Monaco. Real Estate is EUR 50k per square meter. A breakfast at Monte Carlo Bay hotel is 70 EUR. Monaco is sunny but sometimes it feels like a golden jail. Do you really want that for your kids? + + +**Dubaï** + +1. Set up a company in Dubaï, get your resident card. + +2. Spend one day every 6 month there + +3. ??? + +4. Be tax free + +**US tricks** +Some Private banks in Geneva do have the license to manage the assets of US persons and U.S citizens. However, do not think it is a way to avoid paying taxes in the US. Opening an account at an authorized Swiss Private banks is literally the same tax-wise as opening an account at Fidelity or at Bank of America in the US. The only difference is that you will avoid all the horror stories. Horror stories are all real by the way. In Switzerland, if you build a decent case and answer all the questions and corroborate your case in depth, you will manage to convince compliance officers beforehand. When the money eventually hits your account, it is actually available and not frozen. + +The IRS and FATCA require to file FBAR if an offshore account is open. However FBAR is a reporting requirement and does not have taxes related to holding an account outside the US. The taxes would be the same if the account was in the US. However penalties for non compliance with FBAR are very large. The tax liability management is actually performed through the management of the assets ( for exemple by maximizing long term capital gains and minimizing short term gains). + +The case for Porto Rico. +Full disclaimer here. I am not encouraging this. Have not collaborated on such tax avoidance schemes. if you are interested I strongly encourage you to seek a tax advisor and get a legal opinion. I am not responsible for anything written below. I am not going to say much because I am so afraid of uncle Sam that I prefer to humbly pass the hot potato to [pwc](https://www.pwc.com/gx/en/hr-management-services/newsletters/global-watch/assets/pwc-puerto-rico-income-tax-exemption-granted-non-residents.pdf) +From here all it takes is a good advisor and some creativity to be tax free on your crypto wealth if you are a US person apparently. Please, please please don’t ask me more. And read the disclaimer again. + + +**Trust tricks** +Generally speaking I do not accept fringe fiscal situation because it puts me in a difficult situation to the banks I work with, and it is already difficult enough to defend a legit crypto case. Trust might be a way to optimize your fiscal situation. Belize. Bahamas. Seychelles. Panama, You name it. At the end of the day, what matters for Swiss Banks are the beneficial owner and the settlor. Get a legal opinion, get it done, and when you eventually knock at a private bank’s door, don’t say it was for fiscal avoidance you stupid ! You will get the door smashed upon you. Be smarter. It will work. My advice is just to have it done by a great tax specialist lawyer, even if it costs you some money, as the entity itself needs to be structured in a professional way. Remember that with trust you are dispossessing yourself off your wealth. Not something to be taken lightly. + +**“Anonymous” cash out.** +Right. I think I am not going into this topic, neither expose the ways to get it done. Pm me for details. I already feel a bit uncomfortable with all the info I have provided. I am just going to mention many people fear that crypto exchange might become reporting entities soon, and rightly so. This might happen anyday. You have been warned. + +- **C. The cash out itself** +So you have accumulated patiently a good amount of wealth. For some of us who have been involved in crypto since 2010, it took years. Remember when BTC was stuck at 200$ for months? I personally feel like it was yesterday. There is no way you screw up your wealth by cashing out in a hurry or with low security standards. Here is how the cash out takes should place. + +**Full cash out or partial cash out?** +People who have been sitting on crypto for long have grown an emotional and irrational link with their coins. They come to me and say, look, I have 50m in crypto but I would like to cash out 500k only. +So first let me tell you that as a wealth manager my advice to you is to take some off the table. Doing a partial cash out is absolutely fine. The market is bullish. We are witnessing a redistribution of wealth at a global scale. Bitcoin is the real #occupywallstreet, and every one will discuss crypto at Xmas eve which will make the market even more supportive beginning 2018, especially with all hedge funds entering the scene. If you want to stay exposed to bitcoin and altcoins, and believe these techs will change the world, it’s just natural you want to keep some coins. +In the meantime, if you have lived off pizzas over the last years, and have the means to now buy yourself an nice house and have an account at a private bank, then f***ing do it mate ! +Buy physical gold with this account, buy real estate, have some cash at hands. Even though US dollar is worthless to your eyes, it’s good and convenient to have some. Also remember your wife deserves it ! And if you have no wife yet and you are socially awkward like the rest of us, then maybe cashing out partially will help your situation ;) + +**What the Private Banks expect.** +Joke aside, it is important you understand something. If you come around in Zurich to open a bank account and partially cash out, just don’t expect Private Banks will make an exception for you if you are small. You can’t ask them to facilitate your cash out, buy a 1m apartment with the proceeds of the sale, and not leave anything on your current account. It won’t work. Sadly, under 5m you are considered small in private banking. The bank is ok to let you open an account, provided that your kyc and compliance file are validated, but they will also want you to become a client and leave some money there to invest. This might me despicable, but I am just explaining you their rules. +If you want to cash out, you should sell enough to be comfortable and have some left. +Also expect the account opening to last at least 3-4 week if everything goes well. You can't just open an account overnight. + +**The cash out logistics.** +Cashing out 1m USD a day in bitcoin or more is not so hard. + +Let me just tell you this: +Even if you get a Tier 4 account with Kraken and ask Alejandro there to raise your limit over $100k per day, +Even if you have a bitfinex account and you are willing to expose your wealth there, +Even if you have managed to pass all the crazy due diligence at Bitstamp, +Even if you have eventually managed to get hold of Lucas at Cumberland, + +The amount should be fractioned to avoid risking your full wealth on exchange and getting slaughtered on the price by trading big quantities. Cashing out involves significant risks at all time. There is a security risk of compromising your keys, a counterparty risk, a fat finger risk. Let it be done by professionals. It is worth every single penny. + +Most importantly, there is a major difference between trading on an exchange and trading OTC. Even though it’s not publicly disclosed some exchange like Kraken do have OTC desks. +Trading on an exchange for a large amount will weight on the prices. Bitcoin is a thin market. In my opinion over 30% of the coins are lost in translation forever. Selling $10m on an exchange in a day can weight on the prices more than you’d think. And if you trade on a exchange, everything is shown on record, and you might wipe out the prices because on exchanges like bitstamp or kraken ultimately your counterparties are retail investors and the market depth is not huge. It is a bit better on Bitfinex. +It is way better to trade OTC. +Accessing the institutional OTC market is not easy, and that is also the reason why you should ask a regulated financial intermediary (like the company I set up) if we are talking about huge amounts. + +Last point, always chose EUR as opposed to USD. EU correspondent banks won’t generally block institutional amounts. However we had the cases of USD funds frozen or delayed by weeks.- + + +**Your options: DIY or going through a regulated financial intermediary.** + +Execution trading is a job in itself. You have to be patient, be careful not to wipe out the order book and place limit orders, monitor the market intraday for spikes or opportunities. At big levels, for a large cash out that may take weeks, these kind of details will save you hundred thousands of dollars. I understand crypto holders are suspicious and may prefer to do it by themselves, but there are regulated entities who now offer the services. +Besides, being a crypto millionaire is not a guarantee you will get institutional daily withdrawal limits at exchange. You might, but it will take you another round of KYC with them, and surprisingly this round might be even more aggressive that the ones at Private banks since exchange have gone under intense scrutiny by regulators lately. + +The fees for cashing out through a regulated financial intermediary to help you with your cash out should be around 1-2% flat on the nominal, not more. And for this price you should get the full package: execution/monitoring of the trades AND onboarding in a private bank. If you are asked more, you are being abused. + +Of course, you also have the option to do it yourself. It is a way more tedious and risky process. +Compliance with the exchange, compliance with the private bank, trading BTC/fiat, monitoring the transfers…You will save some money but it will take you some time and stress. Further, if you approach a private bank directly, it will trigger a series of red flag to the banks. As I said in my previous post, they call a direct approach a “walk-in”. They will be more suspicious than if you were introduced by someone and won’t hesitate to show you high fees and load your portfolio with in-house products that earn more money to the banks than to you. Remember also most banks still do not understand crypto so you will have a lot of explanations to provide and you will have to start form scratch with them! + +**The paradox of crypto millionaires** +Most of my clients who made their wealth through crypto all took massive amount of risks to end up where they are. However, most of them want their bank account to be managed with a low volatility fixed income capital preservation risk profile. This is a paradox I have a hard time to explain and I think it is mainly due to the fact that most are distrustful towards banks and financial markets in general. Many clients who have sold their crypto also have a cash-out blues in the first few months. This is a classic situation. The emotions involved in hodling for so long, the relief that everything has eventually gone well, the life-changing dynamics, the difficulties to find a new motivation in life…All these elements may trigger a post cash-out depression. It is another paradox of the crypto rich who has every card in his hand to be happy, but often feel a bit sad and lonely. +Sometimes, even though it’s not my job, I had to do some psychological support. A lot of clients have also become my friends, because we have the same age and went through the same “ordeal”. First world problem I know… +Remember, cashing out is not the end. It’s actually the beginning. Don’t look back, don’t regret. +Cash out partially, because it does not make sense to cash out in full, regret it and want back in. relax. + +**The race to cash out crypto billionaire and the concept of late exiter.** +The Winklevoss brothers are obviously the first of a series. There will be crypto billionaires. Many of them. At a certain level you can have a whole family office working for you to manage your assets and take care of your needs . However, let me tell you it’s is not because you made it so big that you should think you are a genius and know everything better than anyone. You should hire professionals to help you. Managing assets require some education around the investment vehicles and risk management strategies. +Sorry guys but with all the respect I have for r/wallstreebet, AMD and YOLO stock picking, some discipline is necessary. +The investors who have made money through crypto are generally early adopters. However I have started to see another profile popping up. They are not early adopters. They are late exiters. It is another way but just as efficient. Last week I met the first crypto millionaire I know who first bough bitcoin over 1000$. 55k invested at the beginning of this year. Late adopter & late exiter is a route that can lead to the million. + + + +**Last remarks.** +I know banks, bankers, and FIAT currencies are so last century. I know some of you despise them and would like to have them burn to the ground. With compliance officers taking over the business, I would like to start the fire myself sometimes. I hope this extensive guide has helped some of you. I am around if you need more details. I love my job despite all my frustration towards the banking industry because it makes me meet interesting people on a daily basis. I am a crypto enthusiast myself, and I do think this tech is here to stay and will change the world. Banks will have to adapt big time. Things have started to change already; they understand the threat is real. I can feel the generational gap in Geneva, with all these old bankers who don’t get what’s going on. They glaze at the bitcoin chart on CNBC in disbelief and they start to get it. This bitcoin thing is not a joke. +Deep inside, as an early adopter who also intends to be a late exiter, as a libertarian myself, it makes me smile with satisfaction. + +Cheers. +@swisspb on telegram + +Let me start by saying I've invested nearly $6MM in what I believe to be a generational investment opportunity brought about by significant cost disruption in satellite launch costs, innovations in marrying satellite technology to low-earth orbit ("LEO") applications, and advances in LTE network architecture. We are early in the commercialization of LEO and $ASTS is at the vanguard. + +Inside of SpaceX, most investors rest their hat on the value of Starlink, which will provide FIXED-POINT broadband to customers, albeit at very high costs and with unclear quality. They value is at $40bn+. This equates to $200 per share for $ASTS, by way of comparison. So there "is a there, there" in terms of what we are playing for here. + +Just like Facebook found out after it's IPO, the real market is and always will be in **MOBILE**. Starlink cannot translate to mobile unless you intend to haul a trailer behind you with a satellite dish. See below for an artist rendition of Starlink's mobile solution vs. ASTS' actual mobile solution - your existing handset + +&#x200B; + +[Haha - let's get back to business...read on](https://preview.redd.it/g1qny0og6k571.png?width=918&format=png&auto=webp&s=a6899104fbe13f6bf1e69417ade25940a9aee38b) + +$ASTS AST Spacemobile has re-imagined what's possible after the significant cost disruption in satellite launch, which has allowed it to marry two key innovations to provide satellite connectivity to A REGULAR MOBILE DEVICE: + +&#x200B; + +1. Because launch costs are just a fraction of what they used to be, $ASTS is launching satellites 10x as large as those of traditional satellite phone satellites. This allows the satellite to do the work, not the phone +2. By innovating with software, $ASTS can make the satellite connection work with existing LTE networks by only working with the carriers' ground terminals to compensate for the Doppler effect; importantly, ASTS works with any normal phone without requiring any modifications + +Here is the overview of the **FACTS** + +**PRODUCT:** + +• ASTS is building the first-of-a kind and **only** space-based cellular broadband network that is **direct-to-device**; a consumer’s existing handset will work with ASTS’s service in tandem with traditional terrestrial mobile service - ASTS also works with IoT enabled devices + +• The constellation utilizes low and mid-band frequencies shared with partners on a non-interference basis; ASTS does not use mobile satellite spectrum but instead delivers service over spectrum allocated for terrestrial mobile use + +• ASTS utilizes high throughput backhaul to terrestrial networks + +• The service will eliminate coverage gaps, is compatible with all phones, provides broadband data speeds, and is accessible via one-click on a user’s device + +**MARKET:** + +• ASTS is targeting the large mobile 5G market, specifically in markets where terrestrial infrastructure (e.g. towers) is less developed + +• ASTS is a beneficiary of the following secular trends: i) falling launch costs, ii) high smartphone penetration, iii) broadband demand iv) 5G IoT proliferation + +• ASTS cites 3.3BN people who are covered but not connected to cellular broadband and another 700MM people who are not covered by existing networks and not connected + +• Key regional opportunities include India, Africa, and Equatorial regions + +• The service is well-suited for low/medium density sites as well as for emergency back-up during natural disasters + +**MANAGEMENT:** + +• CEO Avellan holds 18 patents and was the founder of Emerging Markets Communications (sold for $550MM in 2016) + +• The deep executive ranks include executives from Orbital ATK, Globecomm, NASA, and Maxar • The team has 161 scientists and engineers, 34 of whom are PhDs + +**COMPETITION:** + +• ASTS competes with high-cost legacy providers, including Iridium • Legacy satellite providers require unique handsets for users to connect + +• ASTS also competes with the build-out of standard terrestrial 5G mobile equipment • Competitor Lynk advertises a similar product but appears significantly behind both with respect to commercial, financial and technical milestones + +**OTHER:** Investors include Vodafone, Rakuten, American Tower, and Samsung; all of whom recently invested in the Company's latest financing. The Company's own coverage banker at Barclays QUIT his job to join ASTS. The dogs are eating the dog food. + +**TIMELINE:** + +• April 2019 – BW 1 was launched (the test satellite), validating system architecture and proving they could connect a mobile phone to a satellite and connect to an LTE system • 2H 2021E will launch BW3, which is a scaled version of the constellation satellite • 2H 2022E/1H 2023E first commercial launches of 20 satellites for Equatorial coverage, with 110 satellites by YE 2023 and 168 satellites by YE 2024 + +**ANALYSIS - THIS IS MY OPINION, AND SUBJECT TO DISCUSSION AND DISAGREEMENT** + +• ASTS is an exciting event-driven story stock with open-ended upside that is cemented in reality by proven entrepreneurs, significant industry backing, and *bone fide* strategic agreements in place that address key commercial aspects of the business + +• Management funded the seed capital for the business, highlighting their confidence and ‘skin in the game’ + +• Targeting mobile 5G is a ‘**big idea**’ that augments that excitement generated by fixed-broadband players such as Starlink while addressing the cost accessibility issues that are likely to be present in developing markets + +• The stock benefits from a dynamic where it cannot be disproven, leaving investors free to speculate and discount key assumptions, including service penetration among partner carriers and ARPU + +• The investment set-up is favorable since a high capital intensity space venture is poorly suited for private markets, yet requires the capital available in the SPAC market – the set-up is not a ‘foist’ by private market investors onto unsuspecting retail investors but instead a legitimate capital raising exercise to fully-fund the project and remove financing risk + +• With 1-year lock-ups on existing investors and PIPE investors, there will be limited free float in what amounted to a “public Series C” financing + +• Given future CAPEX, Wall Street banks will see a large future banking opportunity and likely initiate favorable coverage on the Company + +**RISKS:** + +• While the *BlueWalker* satellite provided proof-of-concept, there are questions around whether ASTS will work at scale when the constellation is deployed + +• Users might experience significant battery drain on their devices when using the service, reducing appeal for full tower placement + +• Realized user penetration and ARPU remain uncertain as well as the ability to raise future capital for full system deployment at prices that avoid excessive dilution + +• ASTS will depend on capital markets to fully fund its growth and is susceptible to potential funding risk + +**INVESTMENT CHECKLIST: Good hygiene to make sure something can make money as an investment** + +***BUSINESS MODEL***: ASTS will receive a 50/50 revenue split with its carrier partners including Vodafone and AT\&T; given its large, fixed cost base, the Company expects to generate 90% asset-level EBITDA margins that provide significant operating leverage and cash flow + +***GO-TO-MARKET:*** In-place binding agreements with carriers provide ASTS with access to >1.3BN existing customers without having to independently market to or acquire customers (or directly bear the cost of churn) • Phase 1 will target key Equatorial regions and cover 1.6BN people; subsequent phases expand into Europe and N. America – the total system will require 168 satellites by 2024 + +***DEFENSIBILITY***: ASTS has 750+ patents as well as a first-mover advantage • Commercial progress reinforces the Company’s technical lead in the market + +***CAPITAL***: ASTS is capital intensive and subject to capital availability to complete its full system • Once the constellation is complete, the Company benefits from extreme operating leverage and should have extremely high cash flow conversation + +***TRACTION***: ASTS appears to have extraordinary commercial partnership traction, however, it is yet unclear what end-user uptake the usage will be • Technical traction was ‘proved’ by the April 2019 launch of the *Bluewalker 1* test satellite + +***FINANCIALS***: With a market cap of \~$1.8bn, the company is expected to generate >$1bn of EBITDA by 2024 based on 168 satellites launched, 27MM total subscribers, with an ARPU of $2.50 per user + +Below are projections: + +&#x200B; + +https://preview.redd.it/q78k3rkk6k571.png?width=878&format=png&auto=webp&s=7d03a94e2c9ae9c58e278e62d613cbf19d02dee8 + +When thinking about a hypothetical valuation, I pro-forma the numbers and apply a multiple in-line with the tower companies. I treat depreciation as a real cash expense + +&#x200B; + +https://preview.redd.it/xp15x4om6k571.png?width=488&format=png&auto=webp&s=8fb6a1526b293fc54c82ed510c351f8288b69a1b + +**TECHNOLOGY DETAILS** + +***OVERVIEW***: AST & Science (“ASTS”) has designed a large aperture satellite system to provide ‘direct-to-device’ service to normal phones + +***BOOMBOX IN SPACE:*** ASTS’ satellites are \~10x bigger than the norm because they are essentially cell-phone towers in space. With a 900-square meter array, the system is a large **“loud”** system that can connect with a regular mobile phone. Traditional satellite phones “listen hard” whereas ASTS simply produces a loud signal to connect to regular mobile phones + +***SOFTWARE:*** ASTS’ system does not require a special chipset on the phone because of its proprietary back-end software system that allows for interconnection to existing terrestrial spectrum and telecom networks. The “magic” of the technology is the back-end software that allows the system to utilize terrestrial spectrum, seamlessly interconnect over existing networks, and talk directly to an LTE system; ASTS is 6G forward compatible + +***BACKHAUL***: Once the signal is collected from a handset, ASTS sends the data back on B-Band satellite spectrum to a ground gateway system. The phone-satellite connection is native to the carrier’s terrestrial spectrum + +***CAPACITY***: Each satellite can handle 1.2MM GB per month; extra capacity can be added by directing additional satellites at an area + +***WHAT DO WE KNOW***: What has ASTS done to prove its system? + +o *Bluewalker1* proved the RF could close (e.g. the power was sufficient to connect a normal phone) and that an LTE connection was achievable utilizing ASTS’ ‘magic’ software; ASTS launched a handset into space with the satellite on the ground to cost-effectively check an important element of technical diligence. *Bluewalker1* allowed for end-to-end connectivity testing, which has been reviewed over the last 1.5 years + +o *Bluewalker3* (2H 2021 launch) will be a scaled version of the system, which will de-risk components and demonstrate the full technology. BW3 will allow for software debugging to tune the full system + +***RISKS***: Most of the risks are timing risks. For instance, *Bluewalker3* could spur the need to tune microns, which could delay the system deployment by months. The troubleshooting required will be the beam forming in patterns to maintain a connection while managing handoffs + +A launch vehicle delay could delay the testing by 60 to 90 days + +***BENT PIPE***: The satellite itself is not complex – it is bent pipe in the sky; most of the design relates to distributing power. The satellite itself is not involved with processing or routing + +DISCLOSURE: I own 500,401 shares of common. Yes, this is a huge position. You only live once...invest carefully and with great vision. To avoid accusations of being a shill, below is proof of my position. I'm grateful for the moderators working with me so that I can meet the requirements to post! I have a new appreciation for the depth of validation they require. + +I don't want to test my luck, but I have a bunch of cool memes to share later...made them while passing those long, cold days when this stock seriously sucked. + +&#x200B; + +[Proof of life \(or future death if this investment doesn't work\)](https://preview.redd.it/xyq67h3p6k571.png?width=1107&format=png&auto=webp&s=981c4fb304754aeec4ffe3416055839e19594b73) + +Same account from mobile phone: + +&#x200B; + +https://preview.redd.it/tz7oz0ur6k571.png?width=319&format=png&auto=webp&s=6ed58161df770aaf3f907e02ead30b9a11ae7cd7 + +&#x200B; + +[Some trade lots for further proof](https://preview.redd.it/cugjotqs6k571.png?width=309&format=png&auto=webp&s=145dfab9a474127880916d636f06bf2678f47253) +With the basket theory, now irrefutably proven, this is the time for a GameStop announcement, likely NFT related, that not only prevents SHF’s from regrouping but triggers MOASS in the process leading to the greatest wealth transfer in the history of the world. Countdown to liftoff T- now +I see this opinion - that we should remove all government support and "let the chips fall" - in order to have growth - repeated over and over. It is growing in frequency, and showing up in more prominent places. Can someone who agrees with this logic please explain what happens next, and how growth then follows. I have yet to see that part of the plan. All I see is + +1. remove government support + +2. ???? + +3. profit! + +Am I right in thinking that naked short selling is selling something you do not have? Is the intention that the price will drop and the seller would then buy those shares and then deliver them to the buyer? How is it possible to sell something you do not have? +I've met a lot of financial gurus during my time in Silicon Valley and a lot of them seem to say the same thing: invest in index funds, conserve your money, and rigorously budget. + +They usually do this while trying to sell some guru subscription service or package, and if they feel particularly ambitious, sometimes sell tickets to some convention where they get people in a room together and advocate financial freedom. + +There seems to be a cottage industry of people trying to get rich by selling products teaching other people how to get rich. Has anyone else noticed this? + +Some of their advice is good. But is it worth paying money for, attending conferences, and signing up for one-on-one coaching? No! What bullshit. Learn what you can from what they say, but don't bother opening up your wallet for something of dubious value. + +Lots of my friends have fallen for that sort of thing and I've tried my best to steer them otherwise. Buyer beware. Only take advice from proven business owners and leaders. + +P.S. Not that I think it matters, but I'm a lifelong SV engineer that's been around for a while. Made a bit from tech stocks back in the day and now enjoy a few grand a month from friends restaurant businesses that I've invested in. Barely enough to FI, but enough to take the stress off of routine bills. + +I'm not a genius but I know when to raise my eyebrows when I hear something stupid. +Hi everyone. I posted on this sub last month about how my life just imploded when my husband cheated on me and pretty much abandoned me and our two girls. I'm also a full time student/stay at home parent, who only gets a small monthly stipend due to my husband being a disabled combat war veteran. + +Things have just been...tough. I was able to get myself and my girls on Medicaid and WIC. However I wasn't approved for SNAP because my case worker said my stipend is considered income and she would have to look into it. Haven't heard from her since my interview on October 28th despite calling her and leaving voice-mails and even trying to reach her supervisor. + +I also got an email from my school that I was eligible for a CARES Act grant because my EFC is 0 and i was a full time student taking 18 credits this semester. I filled out the form my school sent to my email.... and my school applied that $700 grant to my fucking *spring* semester charges. Which they shouldn't have because I receive a tuition waiver and I have eRefund/direct deposit set up. I spent over an hour on Friday calling the financial aid department and arguing with their representatives because they kept telling me there was nothing they could do, they couldn't reverse the process. I was told to wait until Monday or Tuesday to call again so it could be escalated to an account specialist. So infuriating and stressful. + +And onto my situation now, I have to cut my mother out of my life. + +She came to visit last weekend. The whole time she was here, she kept complaining and belly-aching about how hard life has been for her. How she hasn't worked in weeks, can't afford this, can't afford that, etc. She knows how precarious my financial situation is right now but god damn does she know how to lay the sob story on thick. +Against my better judgment, when she left last Monday morning, I made sure she had a full gas tank (over $100) and gave her some cash to help pay her bills/get her wome groceries, etc. It wasn't much but it was literally my last few bucks. Something in my gut kept telling me not to give her money but its also my mom so she knew exactly how to make it sound like she was in dire need and *needed* my help with promises to pay me back which now I know she was just lying through her teeth to me. + +So, to make a long story short, my uncle, her brother, gave her some money to give me. Basically paying off a debt that he owes me from a few months before my life imploded. He doesn't "trust banks" and gave her cash for her to deposit in her bank and send over to me. It wasn't much but damn if it wouldn't help right now. + +According to my uncle, he gave my mother that money at 9 am yesterday. My mother is now ignoring my calls and texts. My uncle said he went to her apartment and she isn't there. She isn't answering her phone for anyone. So that leaves me to believe she just took this money and fucked me over, again. Here I am, having panic attacks and fucking vomiting from the stress because it will be another 17 days until I get any type of funds and my own fucking mother does this to me, after knowing the situation I am in. This is low, even for my mom. So I just have to cut her out. Cannot believe she's willing to lose her relationship with her own child and grandchildren over a few hundred bucks. After all I did to help her out, she fucks me over like this. + +So let this be a lesson learned to anyone - don't loan money you can't afford to lose. I am so stressed my stomach hurts. I'm just in disbelief that my own mother did this. I knew she was bad off but I didn't think she would screw me over this badly. I'm tired of being her fall back plan when she messes up her own life so I hope it was worth it this time. It's time to cut her out completely. +# The evidence we are in the final dip. For real this time. + +NOT A FUD POST. PLEASE READ BEYOND THE TITLE. + +In [my last post](https://www.reddit.com/r/Superstonk/comments/rhxg9d/ive_seen_some_apes_questioning_if_drs_is_actually/) I talked about the affect DRSing may have had in reducing off-exchange trades. + +Here is the chart from that post showing this reduction starting back in September (red line): + +&#x200B; + +[Off-Exchange &#37; decline](https://preview.redd.it/3wiwhhwk8b881.png?width=1336&format=png&auto=webp&s=46b4546b31abb479037f918cc66ee5e9206138f2) + +I just noticed today that as of about the beginning of December, short volume has entered a downtrend. + +Here are the charts for that: + +[stocksera.com sourced from Finra](https://preview.redd.it/qrpwwpq59b881.png?width=1636&format=png&auto=webp&s=b89c43a3d3e22c2b74c39fc5952d0f9027ab708b) + +&#x200B; + +[chartexchange.com sourced from Finra](https://preview.redd.it/811api1a9b881.png?width=1824&format=png&auto=webp&s=7038577001f66ec1a474f05e18c0ba7a4b6c7ba1) + +You could even go as far as to say that the reduction started around the end of October. + +# Speculation + +I am mostly here to just post the data in order to spark further conversation on the subject and hear what others think. So I will keep my opinion fairly brief. Combining what I've seen on the charts from a technical standpoint with the logical playbook of a short squeeze; I believe what we are seeing here is in fact the "final dip". Let me explain a little further. If we assume we are in the "final dip" then the smartest thing for them to do right now is to keep dropping the price in order to stave off a margin call for another day. This is something they have had to do all year; But what I believe has changed is that now the theoretical margin call level is now below the 170-180$ price average we have seen all year. Thus we are now at a point where the price MUST be continually dropped in order to avoid a margin call. + +But here's a couple of catch 22s for them. Firstly, dropping the price to zero is not an option for them, so a margin call is inevitable. Secondly, this means that they know, that we know, that they know that they will need to close their shorts, and soon. **If they need to close their short position soon, and also need to drop the price, it would make no logical sense to short the stock more in order to drop the price.** + +So if we are running with the idea that this is the final drop, and they're not doing as many trades off-exchange and shorting, then how are they dropping the price? Well, I'm glad you asked. It seems as though they are beginning to use the other various tricks they have to drop the price instead. Tricks that include, but are not limited to, shorting ETFs like XRT and MEME, hitting the bid, options, price arbitrage, ladder attacks, FUD campaigns, etc.. We have some proof of this as XRT and MEME were added to the NYSE Threshold Securities list as of mid-December IIRC. Interestingly it's happening around the same time that we can see the drop in shorting on GME. + +Edit: Here is proof of hitting the bid. I've seen this much more on the L2 data recently.[https://www.reddit.com/r/Superstonk/comments/rqkj7u/lookin\_a\_bit\_washy/](https://www.reddit.com/r/Superstonk/comments/rqkj7u/lookin_a_bit_washy/) + +&#x200B; + +Conclusion/ TLDR; + +I believe short percent is dropping because we are in the "final dip", and shorting more when needing to cover soon is counterproductive. Every drop we have seen in price is typically paired with a spike in shorting. This time, however, we have a drop in price, but with less shorting. I suspect a margin call is very close for them. + +*Insert obligatory \[VW you are here chart\]* + + +Please use this thread to discuss how amazingly cheap you are. How do you keep your costs low? How do become frugal without taking it to the extremes of frupidity? What costs have you realized could be cut from your life without pain? Use this weekly post to discuss Frugality in general. While the Rules for posting questions on the basics of personal finance/investing topics are more relaxed here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I've been watching a lot of contrarian interviews lately and I decided to fire up Jeremy Grantham from his latest Bloomberg interview. + +I found him extremely intelligent and dare I say a permabear? + +Anyways I'm not sure if he's right this time, but I tend to lean to him maybe being mostly right now. I'm 30% cash just in case. + +Tonight though I was watching one from 2010 when the sp500 was 1200 and he said something like "all indications point to a drop to 900"! + +Well I'm not sure if that happened following 2010, but if you zoom out the market had one of the greatest runs over the following years! + +Just shows you that just Because it seems like someone makes sense and is very intelligent doesnt mean they're always right about everything. + +So I'm not sure about the 50% crash now lol! +I like my chili hot but CMG's valuation is a touch too hot for me. Operating in a highly competitive industry with an easily copied business model I have wondered why CMG was often able to command such a large premium. Today the TTM PE is again at ear popping levels. Motley Fool says the profitability is understated (due to the impact of the E. coli crisis) and that the adjusted PE would be closer to 36. Either way the valuation is too high for me and, to be frank, the risk of food poisoning outbreaks just seems to be another risk faced by the company and another good reason to avoid. + +This is not a recommendation to buy or sell. Please get advise from a Registered Investment Advisor. + +https://www.fool.com/investing/2019/02/16/why-im-not-buying-the-chipotle-comeback-yet.aspx +Ok so like title says, we were bought out. They want each individual employee to terminate their old 401K then ‘roll over’ into their new one with a different provider. But the way they are describing seems more similar to how it would be treated if we quit our jobs and were hired than keeping our jobs and switching providers. + +This is causing all sorts of issues, primarily + +•none of it is handled for us, we were given limited and conflicting instructions and are being told to handle it individually as employees + +•The old 401K provider is charging us like $75 per type of account transfer, those who have contributed roth and standard are being charged twice + +• we are losing all vesting/match. As if I’m being fired or quit before 100% vested. Because it takes 6 years to get full vesting and I’ve only been here three so far, as if I had quit at 3 years and started at a new company at 0 years. + +Looking online it seems that when other companies have been bought out, the new/old employers transferred the data during a black out period (whatever that means) and the employees were just observers. This is totally different than the way it’s being handled at my company. + +Should I be concerned? Who can I talk to if the company and new provider are both being difficult? + +Pre-thanks for any helpful info +————————————————————— + +**Update:** +reading over the most recent email from the old CFO, they are saying I have 3 options. + +Option 1: roll over old account balance into new 401K saving plan. By taking a distribution. (This is what I tried when the old 401K provider said if I continued I’d loose vesting) + +Option 2: Roll over to an IRA or other qualified plan. This preserves favorable tax treatment (whatever that means) + +Option 3: request cash distribution and pay 10% in taxes for withdrawing early + +Below that it says, in bold +**If you do not take any action, your 401K account will be closed. Your account balance will be rolled over to an IRA with (third provider who I have never heard of)** + +Not mention of the loss of vesting was in the email. +Hi, + +&#x200B; + +I'm a location independent freelancer (non-US, **from France**). I do all my work via my offshore company (**in Singapore**) where the corporate tax is pretty low (8%). I have USD 200k in that corporate bank account. I also have USD 50k in my personal account (non-invested, but would like to). I am currently **tax resident in Taiwan**, and will be for the next 2 years. My revenue is about USD 130k yearly , and I can invest 75% ($100k) of it yearly. + +&#x200B; + +**I'm looking for feedbacks to invest that money**. I have 3 options: + +&#x200B; + +* **1/** Use that company to make investments in some ETFs, via a corporate brokerage account. + * Corporate Tax on revenue : 8%. + * Corporate Tax on dividends invested in ETFs : 15% (via Ireland funds) + * Personal income Tax when i'll give myself dividends from my company : now \~5% (where I'm currently tax resident) +* **2/** Give myself dividends from my company, then invest that money in with my personal brokerage account. Tax will depends of where + * Corporate Tax on company: 8% + * Personal income Tax when i'll give myself dividends from my company : now \~5% + * Personal income Tax on dividends for the ETF invested : now \~5% +* **3/** Last option is to make things more simple and not use my company at all. The money will go directly to my personal bank account, where I'm currently tax resident, and I'll be a "freelancer". I can do this for the next 2 years, since I have a resident permit, but it will expire. After that, I will have to use my nationality where freelancing tax is about 50%, so will likely use my company again to ). + * Personal income Tax when i'll give myself dividends from my company : now \~5% (for the $200k) + * Personal income Tax on dividends for the ETF invested : now \~5% + * Tax on freelancing: now \~6% (when I'll move to an other country, it can vary from \~10 to 50%) + +&#x200B; + +I'm mainly leaning to use the company to do my long term investment to **FATfire**. My plan is keep the company at least 10 years from now (there is multiple reason for it, a big one is that I can use that company when to open a corporate branch to get a visa in the country I want to live in). Keeping that company also involve costs. If I do this, when I'll retire, I'll withdraw that money with issuing dividends and will have to pay tax on it, depending of where I live. + +&#x200B; + +I was wondering if anyone had experience, or had to make the choice between those choices? Any feedbacks or options I didn't think of welcome too! + +&#x200B; + +Edit: Added nationality (France) and current tax residency (Taiwan) + +Edit2: There is no [CFC rules in Taiwan (yet)](http://taxsummaries.pwc.com/ID/Taiwan-Corporate-Significant-developments) +What the fuck have they been doing since the bull run of 2017?? This is crypto's supposed "most legit" exchange and it shuts down during literally the most important times. I hope someone from Coinbase can explain? +i don’t know about all of you but this is all i see over social media; that active investing is bad. + +everyone is preaching about chucking your money in an index fund and forgetting about it. i don’t see how this is better carrying a load of underperforming stocks when you can have a basket of your own picks. + +whenever i raise my point it’ll either get no answer or someone will point out that “a group of monkeys picked better stocks than the average investor” or something outlandish like that. + +if monkeys could do it randomly, why could you not replicate that with a more refined design? the reason they performed so well is that they often picked a bunch of small cap stocks, so why not do the same? i don’t get how the argument that stock picking and active investing is bad. + +not to mention the wealth management industry; do you really think it would be alive and this big if it did not work? + +all of the investors in these funds are sophisticated investors, so they have been around the block a few times and are by no means stupid. there must be a reason for the industry to be alive still because why would it if it is that easy to chuck 1 mil in an index fund and make your averaged annualised of 10-11% before inflation? + +something with the whole thing just doesn’t sit right with me. at 16 i would love to know how and why people debate this. thank you + +TL;DR - Why is everyone so against stock picking and active investing? +I'm 26, I live in socal, and my pressure cooker job is burning me out. I have recently been offered a job on the east coast. It is more aligned with my career interests and the culture is more relaxed there. + +Their final offer is $130k, which is $30k lower than what I make now. I hesitate because even after taking into account the lower cost of living it would still be a minor pay cut. Maybe this is understandable because it is a slower-paced job. I worry about travel costs since most of my family is on the west coast. I do not want to stay on the east coast forever, and I am concerned about getting low-balled when I apply to jobs back on the west coast in the future. + +I'm also having a hard time getting over the feeling of stagnating while my peers keep moving up... + +Financially, would a move like this set me back a few years or close any doors should I return to California? Should I be more patient and seek a better opportunity here instead? +Alright, it's been over a year of waiting around, getting hurt over and over again, getting a few wrinkles in our noggin and finally finding zen through DRS. But, we all know the inevitable doom that awaits SHFs would be accelerated if all the massive shares sitting in retirement accounts were DRS'ed with Computershare. So we have pioneers like u/BananyaBangarang and [u/winebutch](https://www.reddit.com/u/winebutch/) who have painstakingly jumped into the deep end of the pool, figured it out and documented the process. Now we just need to take action! + + +So, after months of saying I would, I finally started the process. + + +First, instead of just using Mainstar Trust, I looked to see what other options there were for Self Directed Retirement Custodians. I found a pretty good list on this website [Ultimate List of Self Directed IRA Custodians &Administrators (innovativewealth.com)](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/). I then proceed to call each company to see if they can DRS with Computershare on our behalf. 97% of the companies listed do not offer publically traded securities as a form of investment. Of the few that did (Camaplan, Equity Trust and GoldStar) they for their own reasons, do not work with Computershare. So this lead me back to Mainstar Trust, but now I feel better having spent time looking at other custodians. + + +Second, I reached out to Mainstar Trust to confirm the following questions: + +1. Can they do what u/BananyaBangarang stated? (DRS on my behalf retirement accounts as financial custodians in a way that did not trigger a taxable event). **YES** +2. What are the fees? **$15 one time set up fee and $150 annual fee (not prorated)** +3. Can they do a Roth IRA, Traditional IRA and HSA account? **YES to all 3** +4. How can I sell after MOASS? **Online or a written form that can be faxed or emailed.** +5. What is the cut off time for same-day trade execution? **2pm CST (I personally do not know what can happen during a volatile day with GME, but its worth the risk for me).** +6. Are there any selling limits in share quantity or price? **No** +7. What are the fees to transfer funds/stocks in and out of Mainstar? **No fees transferring in, $15 transfer fee sending funds/stocks out of Mainstar.** +8. FDIC insured? **Yes, up to $250k.** + +I have now sent over 3 applications for a Roth, Trad IRA and HSA. I will update when I've DRS'ed over to Computershare. I can't wait to share a screenshot of the purple cockrings thereafter. + + +Everyone who's been hesitant to DRS their retirement accounts, the water is nice and warm... jump right on in! +Friday is my b-day. Just adopted a newborn. Wife contemplating becoming a stay at home mother. Student Loans. Mortgage. Now Gas. + +Believe me - I'll go in to default on my mortgage before I sell my GME - and likely not even then - but if we could get this rocket off the ground soon, that would make my days a bit less stressful. :) + +Encouraged by Mr. Cohen's recent tweets. I think liftoff is soon, regardless.... But like right now would be awesome. +> A group of Australian workers labelled non-employees accounted for all of the 111,000 seasonally adjusted rise in Australia's employment in August. Without them, employment would have fallen, Deutsche Bank chief economist Phil O'donaghoe says. That begs the question, what is a non-employee? O'donaghoe says it likely mostly contains delivery drivers contracted to the major online delivery companies. So, Australia's employment surge was still a weak result as it represented a surge in employment, but not via employees in a typical business structure, he says. (Source: DJ) + +So apparently miraculous surge of "jobs" came from Uber Eat/Deliveroo/Menulog contractors. +Last night, gorilla advisor, brother Ihor Dusaniwsky declared 3 stonks to have a reached a maximum 100 of 100 squeeze score. Them being GMC, AMC, and CLOV. The goal has always remained the same - getting a glorious ride down to Tendietown. The question becomes: what vehicle will take you there? + +https://preview.redd.it/sdedudrktm471.png?width=932&format=png&auto=webp&s=0133522e11a119a16c9543fb4d83ee6a095b7fcb + +Two of the stonks mentioned above are quite familiar, if not exhausted on WSB. Yes, yes, we all love GME & AMC but the newcomer of the group is the most tantalizing at this time. That's Mr. Clover Health. Currently, CLOV has the highest percentage of free float on loan (52%). Of all three of Ihor's top picks It is the most shorted large cap stock on the market. It also has the lowest share price due to not squeezing like we've seen with GME and AMC. + +https://preview.redd.it/cntopc1ntm471.png?width=1186&format=png&auto=webp&s=f28fb7632879169a52f0dbbbe85c60f8ec8f0ce1 + +Now that my $50 per month (fuck you Ortex) has deduced that CLOV it's ripe for the picking, let's discuss why this big green banana hammock is much different than our previously mentioned WSB conquests. I'll roll through a few potential catalyst for Clover that could send the stock skyward resulting in an epic "Get Shorty" moment. + +1. For one, GME and AMC were both burning through cash and on the rainbow road to gay bear bankruptcy when the suits decided to short them into oblivion. Clover Health is a bit of a different story. They had sales of $670M in 2020 and are guiding for $800-900M in 2021. They are sitting on close to $1B in cash. The primary difference is that they are a technology/growth company rather than a legacy company needing to restructure and take on debt to stay alive. That means no dilution. A rare case for such a heavily shorted stock. +2. **Russell 3000** At the close of June 25th Clover Health will be added to the Russell 3000. This means every ETF that tracks the fund will have to add shares of CLOV to their portfolio. This is enough of a catalyst to move any stonk. But it could create back breaking movement for the bears. [June Russell 3000 Additions](https://content.ftserussell.com/sites/default/files/russell_3000_index_additions_-_2021.pdf) +3. **Markets** CLOV operates in very few states right now. They have ridiculously small percentage of the Medicare spending pool which was estimated over $800B in 2020. They are scaling rapidly and onboarding in new states every quarter. They also inked a deal with America's largest employer - Wal Mart. [Bloomberg - WalMart Partners With Medicare Startup Clover](https://www.bloomberg.com/news/articles/2020-10-01/walmart-s-next-health-foray-is-medicare-plan-with-startup-clover) +4. CLOV wants to implement machine learning to reduce Medicare costs per patient. Many people don't know this but it was backed by the best machine learning company in the world, Google. [Alphabet Backed Medicare Startup Clover Health Raises $500M](https://techcrunch.com/2019/01/29/alphabet-backed-medicare-advantage-startup-clover-health-raises-500m/). They do this using the Clover assistant, which has a growing penetration rate among physicians and aims to save the government lots of doll hairs. This will open more doors for CLOV. +5. **Medicare Expansion** Sleepy Joe Biden would love to lower the Medicare age to 60. Why? I don't fucking know. Because more free healthcare is cool now I guess. [JoeBiden.com Health Insurance Plan](https://joebiden.com/fact-sheet-how-joe-biden-would-help-you-get-health-insurance-coverage-during-the-coronavirus-crisis/) This kind of policy would increase the total addressable market share immediately for a company like CLOV. +6. **Management Team/Stock Lockup:** The CEO, executives and investors have most of their interest in the company tied to the stock. The CEO does not receive a salary and insiders cannot sell until CLOV reaches an average share price of $30 for a 90 day period. We're not going to have a mass insider selloff ala' Palantir. **Lee Shapiro who sits on the board was a former CFO of Livongo/Teledoc while Chelsea Clinton is also a board member.** If we know anything about the Clinton's, it's that they get their money and have plenty of government influence. + +So in a nutshell, you've got too many positive catalysts for all the suits on Wall Street to be betting against this future disruptor. Way too many, in my smooth brained opinion. They got caught with their pants down this week but the short position remains higher than ever. I think it's an undervalued stock with tremendous growth potential. + +It's late now and I ate too many crayons today so I'm going to bed. I' am not a financial advisor but I do own own 14,000 shares of CLOV. Other more intelligible DD's can be found here, here, and here: + +* [12" DD](https://www.reddit.com/r/CLOV/comments/n04d77/lets_get_clov_right/) +* [11" DD](https://www.reddit.com/r/CLOV/comments/n388i9/clov_dd/) +* [Medium DD](https://livinittt.medium.com/retail-investors-are-changing-markets-forever-ed4077047d52) +* [Slideshow with Pretty Photos](https://investors.cloverhealth.com/static-files/ed2bc09d-cd96-4759-897e-862c2b250213) + +TL:DR CLOV is unequivocally the best in breed short candidate on the market today as it has a number of growth catalysts ahead. Unlike other options, it does not need more cash or a business restructuring to be successful. This thing is a kettle pot ready to explode. Consider boarding this train before it leaves the station. + +Sincerely, + +JosephWarrenBuffetDirt +Some are GA positions that pay less but still have all the benefits. Some positions are pretty easy to get right out of college - especially if you have RA experience. + +It is a great way to get a free or discounted masters degree while all but eliminating expenses so you can start paying off loans. + +Not to mention the job is an excellent resume builder, has unusual but decent work/life balance, and is the perfect amount of challenging to keep things interesting. + +I am doing this myself so feel free to ask any questions. + +EDIT: This post is about post-grad RD/GA positions. Not RA positions. + +EDIT: Some of the challenging parts of the job are: crisis management, emotional stress, long duty rotations (some schools), living where you work, HELICOPTER PARENTS (although I kinda enjoy dealing these #sorryyourkidisanadult), and more. + +EDIT: I want to clarify... this job is NOT for everyone. It takes someone with patience, compassion, assertiveness, self-motivation, open-mindedness, and a strong sense of self. If you have these qualities you could be great at it. I have never considered this career to be hard - just a good amount of challenging. As with considering and career. Do your due diligence and don't jump in blindly. + +I posted this in Personal Finance because it CAN be very beneficial for ones finances and furthering ones career. I found Res Life 5 years after graduating and didn't know it was even an option until then. I think there are many potential great RDs out there that are oblivious to, or never considered, the Higher Ed industry. +Samsung Electronics has warned of "lagging" growth in its key markets with the chief executive Kwon Oh-hyun pledging reforms to avoid a repeat of the "expensive" Note 7 smartphone recall debacle. +http://www.cnbc.com/2017/01/02/samsung-ceo-warns-of-lagging-growth-and-pledges-reform-after-the-note-7-recall-debacle.html +I get irked whenever I see companies offering employees stupid certificates, token of appreciation, muffins and throwing senseless parties for their employees to show they appreciate them for their hard work. It’s so disgusting. Pay your employees extra money for their hard work and loyalty and stop giving BS, empty prizes that don’t help their circumstances. +# + +https://preview.redd.it/3wczrboinf571.jpg?width=1000&format=pjpg&auto=webp&s=f7108dda9246d3755119c3ad30362f1b233b4329 + +# Dear Apes, + +&#x200B; + +I'm normally good for a rah rah confirmation bias piece here and there. However, last night I didn't watch to see where GME finished at 8pm like normal. This morning, I always check first thing in the morning.....and I didn't. I've become oddly calm about having my life savings in one stock. I'm perfectly happy where I am with this investment. + +&#x200B; + +&#x200B; + +If they tank the price to 180 today, I'll take out a loan and just buy more. If from there, they tank it to 20 a share, I'll sell my house and buy every share I can. You see, I know they are manipulating the price of the stock. I know GameStop is raising like a billion dollars cash so they are possibly still bleeding off shares or G. Sherman is taking some profit. (Until they announce they are finished the ATM, I'll assume its on the table). I know they are going to have to unfuck the ETF mess they made the last two weeks. I have read all the DD. I know shorts can't do this forever and the longer this goes on, the more SHF's are cranking back a catapult to send GME into space. + +&#x200B; + +&#x200B; + +To me, this is the safest investment I've ever made. With 2 billion dollars cash and great leadership, GameStop isn't going out of business. That is off the table. With over a million Apes out there buying and holding every single week, they have took what could have been a couple billion dollar loss back in Jan and turned this into a catalyst to change Wall Street forever. We know the price is suppressed. + +&#x200B; + +&#x200B; + +Hear me out, for the longest time retail was dumb money. I know I was. I just dumped money into funds with high management fees and forgot about it. I didn't understand much of what was going on. This GME saga has given me 7 months to understand the system, their game, and how badly they were fucking me over before. **Education is the greatest equalizer in the world. If you arm people with knowledge, it's a lot harder to pull the wool over their eyes and tell them they can still see.** I can't unsee their lies, their corruption, their greed, and I'm here for what is owed from back in Jan with interest.... + +&#x200B; + +&#x200B; + +So now here we are. They can bid slam, short ladder, or do whatever they want. There is no clock. I can do this forever and I know they can't unfuck themselves until they start covering. They need to buy back millions of shares and I know it. I just like GameStop. **I know the price is artificial. Over 60% of all GameStop buys are ending up on OTC's and Dark Pools. You think that is normal?** The price doesn't matter, what matters is this constant pressure that is building because the DTCC/SEC are dragging their feet. The longer they allow this to go on, the bigger the problem is going to be. + +&#x200B; + +&#x200B; + +I'm Zen, if it goes up to $1000 the next 2 days, I'm holding. If it drops to $20, I'm selling my house and buying more and holding. The daily chopping, I'm used to. The $100 price drops in 20 mins, I'm used to. **I'm literally desensitized to the fuckery.** They could put out 1 million articles of "Forget GameStop". I know by simple laws of supply and demand, there are only roughly 30 million shares for the entire world after institutional investors and ETF's with Apes buying everyday.....I know Apes own the entire float multiple times and are buying more, which is why their can is getting heavier/harder to kick down the road. + +&#x200B; + +&#x200B; + +# I know I have the winning hand and that everyone is trying to get me to fold. Sorry, I know the rules and the game now; I'm not folding. See you all on the moon. + +&#x200B; + +**TLDR: I'm Zen. I'm desensitized to fuckery. I know the price is artificial and over 50% of all buys are ending up on OTC/Dark Pools. The Price is wrong and we all know it. GameStop has a bright future and zero chance of bankruptcy at this point so shorts are fucked. BUY and HODL.** + +&#x200B; + +&#x200B; + +Edit: Just noticed there are an extra 1.3 Million shares available to borrow as of 10:32AM +I'm a college finance student who doesn't pay any attention in class, but still makes incredibly smart and very intelligent bets and plays in the stick market. I started waking up at 6:30am to check on my sticks because im not a beta fuck who lives on the east coast. turns out over the last two weeks, every morning i woke up with a stiffy, my 1/31 AMD $65 calls had inched back towards break even. Every day they lost value, I was softer than Jeff Bezos's head. + +&#x200B; + +Ive come to the conclusion that kind of like how animals can detect a natural disaster, our bodies can detect directional movement in the stick market. if you wake up without a bonre, don't even open up robinhood. thanks for coming to my ted talk + +Update: woke up from a Lisa su dream with some sticky in my pant. This works for after market close too +Hello, + +&#x200B; + +I recently relocated to the UK from the US and am in the process of setting up new accounts over here. In the states we had 401k's, rothIRA's and 529 plans for the kids. Those accounts are still sitting there but we need to continue our financial journey over here so I need a little guidance. + +I have a pension through my work into which I am putting in 6% and my company matches 8%. My spouse is currently not working- what would be the best UK equivalent of an IRA or a roth IRA so allow me to contribute money to cover some missing years of their retirement until they start working here? + +&#x200B; + +We have also opened a cash ISA (with Lloyds) and a vanguard stocks and shares ISA for the kid. The stocks and shares has a lump sum of 600 pounds in it. I will have a spare 50/100 pounds a month to allocate to the kids savings- would it be best to put the 50 monthly into the cash ISA or the stocks and shares ISA? Grandparents will be putting money monthly int the cash ISA if that has any bearing on answers! + +&#x200B; + +Thanks for any input and advice you can offer... +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. +This is something I always asked myself but couldn't find the answer to. These guys have really deep pockets and when they want to quickly own a large stake of a company, they can't just buy those shares in the open market because that would definitely lead to an increase in share price and thus a loss for the buyer. Let's say Hedge Fund XYZ wants to buy 200 million shares of Deutsche Bank worth approximately 1 billion dollar without affecting share price. Can't they just sell 2 million ATM put options with an expiration date of 1 day, collect the premium and when exercised by the other party they suddenly own 200 million shares at a cheaper price plus the premiums which make it even cheaper. Same with selling the shares. They can't just dump 1 billion dollar worth of shares, so they could just buy enough put options and exercise them, immediately getting rid of all the shares, without the tedious process of selling the shares in small quantities below the daily trading volume to avoid negatively affecting stock prices. + +Actually when I think about this then selling massive amounts of put options could maybe even manipulate the underlying share price because investors will see that a big player expects the stock price to fall in the near future and they will panic and sell their shares. By doing this you could give the market a false signal that bad news are incoming. This would drive the price down and you end up owning shares at a bargain. + +And here is another thing: we all know that public companies have defense mechanisms against hostile takeovers by corporate raiders, like using poison pills. Couldn't this also be avoided by using options? An investor/fund could take over a company really quickly when they would use options. Or am I misunderstanding something about the nature of how options work? +The fact that he is once again changing his tune should not surprise nor shock anyone at this point. He, as most mainstream media currently, is not a friend to apes. What caught my eye is the new article on TheStreet. Not linking the article here, no need to spread that crap. Here is an excerpt: + +&#x200B; + +>“That desire to belittle and crush the opponent” is a waste of everybody’s time, Cramer writes. Investors should have something better to do with their time, and especially with their money. +> +>For some reason, though, the meme investors on Reddit have stayed focused on the crushing and belittling. + +Typical FUD POS. BUT: It paints the apes in a malicious light, as if we (we as in a large group of individual investors with individual decisions) are the aggressor. It has been predicted many times, that the narrative could change toward painting the apes as the bad guys as another attempt to undermine their diamond hands. This looks like the first actual piece on that and i want none of you caught off guard. If this is only the beginning, the accusations will get much worse. I hope i'm being overly dramatic, though i fear not. + +**We are not the bad guys here and don't let anyone tell you differently. Prepare yourself for when someone you care about asks "why are you trying to destroy the stock market"?** + +We buy and we hold a stock that we like. That's it. 💎✋ 🦍🦍🦍💪 + +&#x200B; + +Edit: I should not have put the name of that idiot in the title. This is not about him, but the coming narrative. Next time i'll remember that +Tomorrow, the House of Representatives is voting on the infrastructure bill. I know you’ve probably read a thousand posts about this already but it seems like there’s one thing that’s been relatively under-discussed: the fact that 1099 reporting is going to turn reporting Bitcoin taxes into a **total clusterfuck** for the average investor. + +**What is 1099 reporting?** + +1099 reporting has existed within the traditional finance space for a long time. It's meant to help the IRS understand your non-employment-related income (like the income you get from stock trading). Brokers like Robinhood and eToro are required to send this info to the IRS to help identify people committing tax fraud. + +The infrastructure bill would require major crypto exchanges to report the same information. + +**What’s the big deal? My stock broker is already sending my 1099 information to the IRS anyway.** + +Remember, Bitcoin is *fundamentally* different from stocks. + +Bitcoin is meant to be transferable, peer-to-peer, and operate without the need for a third-party. That means that trying to force all of these traditional finance rules onto it is going to lead to disaster. + +Here’s an example that might help make this more clear: + +Jimmy buys 1 Bitcoin for $30,000 on Kraken. + +Jimmy transfers his Bitcoin to Coinbase. + +Jimmy sells his Bitcoin for $50,000. + +Since Jimmy gained $20,000, he SHOULD incur $20,000 of capital gains. + +However, Coinbase has NO IDEA what Jimmy’s cost basis for acquiring his Bitcoin was. Did he acquire it for $1000? $100? $60,000? Since the transaction took place on a different exchange, Coinbase doesn’t know. + +Coinbase is also under NO OBLIGATION to provide that information to the IRS… so they’re not going to bother trying to figure it out. + +They’ll give the IRS the information they do have: Jimmy sold his Bitcoin for $50,000. If Jimmy can’t prove that he actually bought it for $30,000, **he’s on the hook for the full $50,000.** + +And look, most people feel overwhelmed when it comes to navigating their taxes. There's a good possibility that Jimmy MAY NOT EVEN REALIZE that he’s paying too much in taxes until it’s too late. + +Jimmy can go to an accountant. But most accountants aren’t crypto-friendly and may not be able to provide much help. + +**“Whatever, we don’t know if the infrastructure bill is going to pass anyway.”** + +Unfortunately, it looks 1099-B reporting is coming no matter what. Even the “crypto-friendly” amendment to the infrastructure bill that was being pushed by Senators Wyden, Toomey, and Lummis would have required centralized exchanges to provide 1099-B reporting information to the IRS. + +**So what does this mean for you? It’s going to become WAY more important for you to track your Bitcoin transactions.** + +Remember, to avoid paying more in taxes than you actually owe, you’ll need to keep a record of all of your Bitcoin transactions. + +You can do this via a spreadsheet or use a crypto tax platform. You’ll need to track the amount of Bitcoin you sold, the time the transaction took place, and the price of Bitcoin at the time of the transaction. (I was using a spreadsheet to track my Bitcoin transactions for a while, but it got too complicated so I said fuck it and got started with [CryptoTrader.Tax](https://cryptotrader.tax/)) + +I hate the fact that this is an issue in the first place. Bitcoin is supposed to be about the little guy standing up to the established financial system. While already-rich whales are going to come out okay, filing taxes is going to be harder than ever for retail investors. + +**TL;DR:** Crypto exchanges often have no idea what your cost basis is. Requiring exchanges to send 1099 information to the IRS may cause the average crypto investor to pay WAY more in taxes than they actually owe. +Hi all! This is going to be a **VERY** long post, I did my best to explain the things I struggled with at the beginning of my Crypto journey. I am not an expert by any means, but I feel I can provide valuable information to those newer than me who are trying to get started but are overwhelmed by the amount of information on the internet. + +&#x200B; + +I also have a Crypto/Finance [Youtube Channel](https://www.youtube.com/channel/UCZPtriLb37Vth1KQ2u7PmGw) and the text below is the transcript of my video. If you will gain some useful knowledge and have some time, I would **really** appreciate if you'd take a look. :) + +&#x200B; + +**TOPICS I COVER IN THIS POST**: + +* Cryptocurrency +* Centralized vs Decentralized +* Distributed Ledger +* Blockchain +* Satoshi +* Bitcoin +* White Paper +* Proof of Work +* Mining +* Proof of Stake +* Ethereum +* Smart Contracts +* Coin vs Token +* Tokenomic +* Exchanges +* Wallets +* Mnemonic Phrases +* Types of Crypto +* DEFI +* DEXs +* Lending and Borrowing DAPPs + +&#x200B; + +# 1. Cryptocurrency + +Let’s start from ground zero: cryptocurrencies. + +Everyone has heard of this term, but few know what it means. It derives from two words: cryptography and currency. **Cryptography** is at the basis of all cryptocurrencies as all of them depend on it to secure transaction records, to control the creation of additional coins, to verify the transfer of coins, and most importantly, to make them decentralized. + +Secondly, they’re called **currency** because well, cryptos are a currency.. ~~for the most part~~. + +Now, a cryptocurrency is a form of digital asset, so online, based on a network that is distributed across a vast number of computers, and they are based on something referred to as a distributed ledger, or, more specifically, blockchain technology. + +&#x200B; + +# 2. Centralized and Decentralized + +The difference between centralized and decentralized is that in a centralized system, as the name suggests, the power and control are in the hands of a central authority, usually it’s a very small and limited group of individuals, such as the owner of a business, or the director of bank, whereas a decentralized system is controlled by everyone who partakes in that system. In the case of crypto, it can be you, me, and everyone else. + +The main point of cryptocurrencies is that they are decentralized, which contrasts with the traditional monetary payment systems such as banks and financial institutions, which are heavily centralized. + +&#x200B; + +# 3. Distributed Ledger + +A distributed ledger is a **PUBLIC** decentralized database that is shared and synchronized by multiple people who have equal access to all the information shared across that network and can own an identical copy of it. Nobody is cut out, and everyone who wishes to partake in it, can do so. + +One of the types of these distributed ledger databases is none other than blockchain, which is what cryptocurrencies are fundamentally based on. + +&#x200B; + +# 4. Blockchain + +A blockchain is a database that is shared among the participants, also called computers or nodes, of a network, and it stores information digitally. They are best known for their crucial role in cryptocurrency systems for maintaining a secured and decentralized record of transactions. + +The mind-blowing innovation is that this technology guarantees the security of the data stored in it, without the need for a trusted third party, in other words not only there will be no need to have a central authority, but this technology was designed to be entirely public to anyone. You don’t see a bank’s internal transaction, you don’t see a company’s financial statements, but you see each Bitcoin user’s balance and transactions. + +Another key difference between a typical database and a blockchain is how the data is structured. A blockchain, collects information together in groups, known as blocks, that hold sets of information together. These digital blocks, which are blocks just metaphorically speaking but not in the literal sense, have certain storage capacities, for example, each Bitcoin’s block is **1MB** and can contain on average **2500 transactions**. + +When a block is filled and completed, it is linked to the previous completed block in a way we’ll see shortly, effectively forming a chain of blocks containing data, known as a blockchain. + +&#x200B; + +&#x200B; + +# 5. Satoshi + +This brings us to the first and most famous cryptocurrency that everyone knows, Bitcoin. It was created in **January 2009** by the pseudonymous **Satoshi Nakamoto**. No one to this day knows who he is, and people have been speculating about his identity for over a decade with speculations ranging from, for example, that he may have been a group of people rather than a single individual, or perhaps even one of the three letter agencies. There are a few valid candidates, but no one knows for sure. + +One thing however that is for sure is Satoshi’s hatred for banks and for the people at the top who hold the power to control financial systems to the point where they can willingly cause citizens to lose their livelihoods, homes, and sometimes, even lives through financial crashes, without any repercussion, such as the 2008 housing market crash. + +Satoshi is said to own close to **1 million Bitcoins** divided in multiple addresses, which would place him at a net worth of 40 billion dollars today if it’s true, and IF he is still alive, and those are two big ifs. + + + +# 6. White Paper + +Satoshi published the white paper of BTC in **October 2008.** A white paper, in cryptocurrency, is a document released by a project’s funders, not only in the case of Bitcoin, but in the case of any ~~serious~~ crypto project. + +A white paper gives technical information about a project and its future roadmap. Satoshi’s vision for Bitcoin was quote “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution". He wanted people to have the means to make payments with a currency, Bitcoin, without being under the control of the big guys at the top while doing so. + +But then begs the question.. how is consensus achieved? How do all the participants agree which transactions are valid and which are not, in a situation where everything is public and everyone, including bad people, can see everything? + +&#x200B; + +# 7. Consensus Mechanism + +Here comes into play the part of consensus mechanisms. It is the process through which the nodes in charge of a blockchain database achieve consensus on the validity of each transaction and decide if to proceed with it, or not. + +Being that everyone can take part in a blockchain we needed something to prevent any malicious user trying to hijack the network, for example, by creating fake transactions where he gives himself all the Bitcoins in existence and becomes the richest person in the world. This is also known as the double spending problem, and Bitcoin was the first system to solve it. + +To solve this, cryptocurrencies need some type of consensus method, through which, everyone taking part in the system, comes to a mutual agreement. There are multiple types of consensus mechanisms, **the two main ones are Proof of Work and Proof of Stake**. + +# + +# 8. Proof of Work + +Proof of Work (PoW) is a decentralized consensus mechanism that requires all the participants of a network to spend computational power, solving a complex mathematical equation, commonly referred to as mining, to prevent anybody from manipulating the system. + +Now, let’s start with an example to make things easier. + +There are two friends, Bob and Alice. Each have $20 worth of Bitcoin and Bob sends Alice $10 of those $20, in a Bitcoin transaction. The transaction is placed in a block together with about 2500 other transactions, the block then gets confirmed and recorded into the blockchain. Now, Bob effectively has $10 worth of BTC, and Alice has $30 worth of BTC. + +To avoid Bob claiming he never sent that $10 worth of Bitcoin in the original block, there was let’s call it a code, more specifically **hash**, placed in that block and it looked like this: + +**000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f** + +(First Bitcoin's Block Hash) + +That hash uniquely identified the block which got filled with Bob and Alice’s transaction. It was created through an algorithm, and it was a sort of summary of all those unique 2500 transactions that took place in that block. + +The following block will not only have its own unique hash as well, but that hash will merge with Bob and Alice’s block’s hash, forming a final hash and connecting the two blocks together, effectively creating a chain of linked blocks where each new block is connected to the previous one. + +The third block will again have its own hash merged with the hash of the second block, which was merged with the hash of Bob and Alice’s block. + +The catch point is, if just 1 of those 2500 transactions in each block is altered, the entire hash for that block will change, even if the other 2499 transactions are intact. This will inevitably cause the second block to be invalid as its hash wouldn’t match with the first block’s hash, which will cause the third block to not match with the hash of the second one and so on, and so on, effectively creating a chain of events. ~~I know, this joke was not funny at all, but I wanted to say it.~~ + +Do you see where I am getting with this? + +The transactions are in the blocks, and all the blocks are linked together. + +If Bob would alter his original transaction, the hash of the block in which the transaction was placed would change and would make all the following blocks with all the transactions in them, invalid. To successfully fake or alter a transaction, he would need to control a majority, at least 51%, of the entire computing power of the Bitcoin blockchain, to manipulate the following blocks quicker than the honest participants of the network. + +All of this, finally brings us to mining. + +&#x200B; + +# 9. Mining + +Mining, which is applied to any cryptocurrency based on Proof of Work such as Bitcoin, Ethereum (for now), Dogecoin, Litecoin and many more, is the process by which new coins enter in circulation. It is also the way a network confirms new transactions, and it is a critical component of a blockchain ledger's maintenance and development. + +Participants need to use their computational power through specific mining hardware, called application-specific integrated circuit, or **ASIC**s, to solve a complex and random mathematical equation in order to create a new block. + +Put in simple terms, those very powerful machines have to guess a certain number. The more computer power you have, the higher the chances to guess that number before anyone else does are. + +Whoever guesses it first, will effectively create a new block and new Bitcoins (or any other crypto that is mined) into existence, and those Bitcoins will be rewarded to them as a reward for the time and effort they had to put in to sustain the network. + +This process allows for the removal of bad players from the ecosystem, as taking part in it requires huge amounts of resources such as space, electricity, and especially the costs of mining hardware. + +You need to know however that not all Proof of Work cryptos require ASIC card to be mined. It depends on the algorithm on which a crypto is built on. Any mineable crypto can be mined in one of two ways, either through ASIC cards or normal GPUs such as Nvidia or AMD cards. + +For example, to mine Ethereum, the second largest crypto, you can do it from your computer’s graphics card and does not require you to buy any additional components, and that’s why all Nvidia’s new 3000 series GPUs are always sold out. + +Mining has extensively been up to debate as it consumes a lot of electricity due to the huge power consumption of graphics cards. Back in the day, you could mine Bitcoin from your laptop, but those days are long gone now. + +Now. Here is where the genius of Satoshi comes into place, which is applied to any proof of work cryptocurrency, not just Bitcoin. + +The more powerful GPUs get, the more difficult it will become to solve this mathematical equation and create new blocks. + +Wait.. what? Shouldn’t it become faster rather than slower, if more powerful components become available? + +Bitcoin was programmed so that one block would be mined every 10 minutes on average, and every 2016 blocks, or about two weeks, or the algorithm calculates how long it took to mine those blocks. If it took more than 14 days it means that it was too difficult and the difficulty will decrease, if it took less than 14 days it means that it was too easy, and the difficulty will increase. The more people enter the network and start mining, the more difficult mining becomes to obtain the same results and the more powerful GPU’s will be required to produce those same results. + +**Each Bitcoin block rewards 6.25 Bitcoins to the winner. This reward is cut in half approximately every 4 years and it is called halving.** + +At the beginning, the reward was 50 BTC per block. The first halving happened in 2012 and it reduced the block reward to 25 BTC. The second halving was in 2016 and it reduced the reward to 12.5 BTC, and finally, the last halving happened in May 2020 which brought the reward to 6.25BTC per block. The next one will be in 2024 and it will drop the reward to 3.125 BTC. + +On a final note, mining crypto on your own, especially in the case of Bitcoin, is close to impossible unless you are considerably wealthy, because it would require an absurd amount of capital just to have a small chance to mine a block, that’s why there are networks called mining pools, made of thousands if not tens of thousands of people combining their computing power to mine one specific crypto together and proportionally split the block rewards. The vast majority of mining pools are either in Bitcoin or Ethereum. + +&#x200B; + +# 10. Proof of Stake + +As the second most used consensus mechanism, we have Proof of Stake. The holders of a Proof of Stake crypto will deposit and lock up, called staking, the coins of that crypto that they own, and **become a validator**. By doing this, they will get the chance to be chosen to validate the next block, and whoever does it, will be rewarded the block reward. + +Whether a validator will get chosen to validate the next block will depend on different factors, two of the main ones are randomness and how many coins they staked. This cuts out the gigantic energy and resources consumption that happens with Proof of Work as with Proof of Stake you do not require any sort of specific computer hardware. + +At the same time however, people argue that this consensus mechanism tends to reward those already wealthy, as the more coins you have, the more likely the chances to be randomly selected and earn the block rewards are. + +Some argue that this makes the ecosystem more centralized as wealthier individuals become even wealthier, however, the same argument can also be applied to Proof of Work, as if you have more capital you can afford to buy more mining equipment which in contrast will generate more revenue. + +&#x200B; + +# 11. Ethereum + +This connects us to Ethereum. The second largest cryptocurrency by market cap since its creation in 2016, second only to Bitcoin. + +Ethereum has always been on POW just like Bitcoin, but it is currently migrating to POS to solve several issues such as transaction fees, called gas fees, and transactions per second. + +The main difference from Bitcoin, is that Ethereum features a key technology called “smart contracts”. + +&#x200B; + +# 12. Smart Contracts + +Smart contracts are automated programs, built on the Ethereum blockchain, or any other blockchain with smart contract capabilities. **They are fully controlled by code** and once deployed on the blockchain, they cannot be changed or altered. They allow you to build multiple programmable functions on top of them, to be executed once a criteria is met. + +With Bitcoin, for example, all you can do is transfer the coin as a means of payment and you cannot build anything on top of its blockchain. With Ethereum however, besides transferring its main coin, Ether, you can build and create all sorts of applications on it. + +And no, Ether and Ethereum are not quite exactly the same thing. Ethereum is the blockchain, the network, the foundation, whereas Ether is the native coin of the blockchain. + +The most famous examples of smart contracts by far, are well, NFTs, and it shouldn’t really come at a surprise. + +On the other hand, however, there are also useful smart contracts that provide real financial services, such as crypto lending and borrowing, decentralized exchanges, liquidity pools, insurance services, and much more, but we will get into that a bit later. + +&#x200B; + +# 13. Coin vs Token + +Now. All of them are cryptocurrencies, but not all of them are coins or tokens. Many people call them coins when in reality, they are tokens or call them tokens when in reality, they are coins. + +The difference is that **a coin is native to its own blockchain**, Ether is a coin native to its own blockchain called Ethereum. Bitcoin is a coin native to its own blockchain called Bitcoin. Shiba inu, however, is a token because it is built on Ethereum’s blockchain. Creating a fully operable blockchain is way more difficult than creating a token on an already established blockchain. + +&#x200B; + +# 14. Tokenomics + +Now, let’s get into how the value of a cryptocurrency is derived and its tokenomics, which is simply a term that indicates the economics of a crypto. + +**Supply** \- The first and most important thing of any given cryptocurrency is the supply. This can be further divided into three categories: + +* **Maximum Supply** +* **Total Supply** +* **Circulating Supply** + +*Maximum Supply* \- It is the amount of tokens or coins of a crypto that will ever exist, including the ones that will be created through mining, staking, or made available in the future. Bitcoin's maximum supply is 21,000,000 coins which will only be reached in over 100 years from now. Ethereum, on the other hand, has an unlimited max supply. + +*Total Supply* – It is the amount of coins or tokens of a crypto currently in existence, including the ones that may not be publicly available, such as those locked in an escrow or held by the team, but without counting the coins or tokens yet to be created and put into existence through mining, staking etc. + +*Circulating Supply* \- Circulating supply is the amount of a crypto in circulation in the present moment and in the hands of the general public, EXCLUDING the coins or tokens of that crypto, that are locked or held by entities such as the team behind the project. + +**Market Cap** – Market capitalization, or market cap for short, is the dollar value of all the coins or tokens of a crypto combined and it is calculated by multiplying the total supply by the last price a single coin or token was sold for. In the case of Bitcoin, there are approximately 18,950,000 Bitcoins, and with about $40,000 per coin, it would place the market cap at around 750 billion dollars. + +&#x200B; + +# 15. Exchanges + +Now, However, begs the question, where are these cryptocurrencies bought from and how do you store them safely? + +Cryptocurrencies are generally bought from what are called **centralized exchanges**. They are regulated companies which provide you the service of acting as a trusted middlemen between the people who want to sell a specific crypto, and the people who want to buy it. + +They decide which cryptos to list and there is no exchange that has all the cryptos in existence listed. It is a decision up to them. There are exchanges which list as many cryptos as possible to earn as much as they can, and exchanges known for listing as few as possible, but when they do, it’s all over the news ~~\*cough\* Coinbase \*cough\*~~. + +The way they stay in business is by charging a small commission on each trade. The typical commission fee averages between 0.05% and 0.1%, and the larger your order will be, the lesser you will pay in fees. + +&#x200B; + +# 16. Wallets + +After you purchase a cryptocurrency on an exchange, the next step is always choosing how to store it safely. There are two main types of crypto storages. Custodial and non-custodial wallets. + +**Custodial Wallets -** Someone else retains custody of your assets. You do not own your cryptos but they do, on your behalf. These are mostly the previously mentioned exchanges, and this is where the famous phrase in the crypto community “not your keys, not your coins” comes from. + +By giving up custody of your funds, you have a better peace of mind because you do not bear the responsibility of securing your assets and all the risks involved with it. + +The Crypto community however has mixed feelings on whether holding your cryptos on an exchange is worth it due to previous exchange hacks which resulted in stolen and lost funds on multiple occasions. On top of that, it totally ruins the goal of crypto: to escape from the control of centralized entities and aiming to be our own banks. + +**Non-Custodial Wallets** \- These are the wallets that you personally own and hold your crypto in. They can be mainly divided into two categories: hot wallets and cold wallets. + +**Hot Wallets** \- They are software, usually apps you can download on your phone, such as the Trust wallet, Exodus or Coinbase wallet. They do offer a fantastic grade of protection and are free to use. You are the only owner of your assets and under most circumstances they are more than enough to protect what you hold, but if your device becomes compromised, you can lose everything. + +The most famous hot wallet by far is Metamask. It’s an Ethereum based wallet that comes as a web browser extension and every Ethereum compatible blockchain, such as Binance Smart Chain, Polygon and Avalanche, plus all the decentralized applications built on those blockchains, are compatible with Metamask. They also have a mobile app, but it’s not used as often. + +**Cold Wallets** \- They are offline physical devices such as the Ledger Nano and the Trezor. You usually connect them to the computer through a cable and use a specific program to access them. + +The difference is that you will have to write your mnemonic phrase, we’ll get into what it is shortly, and approve transactions from the device itself which cannot get accessed unless someone has physical access to it, and as it is offline it can’t be hacked. They offer a way higher grade of protection because they do not rely on the security of your mobile phone or computer and that’s why they cost from around $60 to $200 to buy, depending on the type and features. For this reason, it isn’t the best option if you do not have much money to begin investing with. + +Broadly speaking, most crypto holders, including myself, tend to agree that if you have a small capital to invest, it might be better to keep it on an established exchange, especially if it is in Ethereum, and transferring those coins out would cost a fortune in transaction fees. + +The most important thing to know if you decide to buy a hardware wallet, is to **ALWAYS** buy it from the official company’s website and not from a third-party seller, even if you might find it discounted. This is because you would increase the risk of receiving a tampered device, which is by no means worth it just to save a few dollars. + +&#x200B; + +# 17. Mnemonic Phrases + +Now, mnemonic phrases. All you need to know to keep your crypto safe is that when you create a so called “account” on a wallet, you are given a random set of 12-18-24 words which is called a mnemonic phrase. This combination of words will act as a password to access all your crypto. These words are randomly chosen from a specific list of 2048 words, and each word can all be identified by the first four letters. This technology was designed so that we could have a human readable “password” instead of a random set of numbers and letters. + +**THE MOST IMPORTANT THING** you need to understand is that your crypto will **NOT** be stored in that mobile app or ledger device, but on the blockchain. The wallets are just a gateway, like an intermediary, that provide an easy-to-use interface for everyone. The one and only thing you must carefully store, is the mnemonic phrase. + +If you lose your phone with a hot wallet installed, or a hardware device like the ledger nano, nothing will happen to your crypto as long as you still have access to the mnemonic phrase, which you can use to restore your crypto on a new wallet. + +You absolutely **MUST** write down on at least two pieces of paper those words, **NEVER** take pictures or screenshots of them, store them safely and never tell anyone where they are. + +Do not try to bury your ledger nano 10 feet under the ground, the only thing that matters is the mnemonic phrase which can be restored on any wallet, both hot and cold. + +As you can imagine, the difficulty with self-custody is evident. If you lose access to both your seed phrase and to the device where it was connected, your crypto will be lost forever. Hacking a mnemonic phrase is impossible, and 99% of those “hacking” claims you see online are simply because people’s phones or computers were either compromised or they accidentally screenshotted or emailed themselves the mnemonic phrase, or sometimes even both, for the sake of comfort, and it got leaked. + +&#x200B; + +# 18. Types of Cryptocurrencies + +Going back to Cryptos. There are many types of cryptocurrencies, but only about eight are the most common: + +* **Store of Values** +* **Smart Contracts** +* **Stablecoins** +* **Payments** +* **Privacy** +* **Exchange Tokens or Coins** +* **Governance tokens** +* **Sh\*tcoins** + +*Store of Value* \- They are designed to hold their value and purchasing power over time. The only crypto which is arguably considered to be one is Bitcoin because it has always tremendously increased in value over time since its inception rather than losing value like our beloved fiat currencies. People believe it is an effective hedge against inflation and that’s why Bitcoin is sometimes referred to as digital gold. + +*Smart Contract* \- They are designed to be programmable and allow building applications on their blockchain, for different purposes. The most famous and used one, is Ethereum. This brought to the creation of Decentralized finance, or DEFI, in which we’ll get into in a minute. Other examples of smart contract cryptos are Binance Smart Chain, Avalanche and Solana. + +*Stablecoins* \- They are usually pegged to fiat currencies, mostly, to the US dollar. They hold all the properties of any other crypto, but their value is… stable. For example, when a stablecoin is indeed pegged to the dollar, the goal will always be to maintain and hold the value of one dollar per coin. They aim to eliminate price volatility and to provide a stable medium of exchange without the need to cash out, or, in other words, without the need to withdraw those dollars to your bank account. Examples are: USDT (to avoid), USDC, BUSD and DAI + +*Payment* \- They are very fast and cost very little to transact with. They are exceptionally good for transferring money quickly and cheaply. However, they tend to be more centralized as they require powerful machines to run them which normal people have no access to. + +*Privacy* \- They have.. well, privacy. You see, the thing with Bitcoin that not many understand is that it is pseudonymous. All the transactions, addresses and balances are nameless, but public. Everything can be easily tracked, but nobody knows which address you own. If, however, someone finds it out, they will immediately see how much you own, who you sent crypto to, and all your transactions. There are cryptos, however, that offer full privacy and anonymity of balances and transactions. Examples are Monero and Zcash. + +*Exchange Tokens or Coins* \- They are created by the exchanges from which you can purchase crypto. They offer you perks such as fee discounts if you hold their coin or token and use it to pay for the fees. The most famous one is by far Binance, and its coin, Binance coin. If you paid attention I said coin, and that is because Binance also created its own blockchain called Binance Smart Chain, with BNB as the native coin, just like ETH is the native coin of Ethereum. + +*Governance Tokens* \- They grant voting and management powers to their users. They are very important in DeFi ecosystems such as Uniswap. + +*Memecoins, also called Sh\*tcoins* \- They are always created on other blockchains, just like Shiba Inu is on Ethereum. The only major exception is Dogecoin, which has its own blockchain. They serve no purpose or utility and people just buy them in the hopes of making money, which sometimes works, don’t get me wrong, otherwise we wouldn’t be hearing about them, but the best way to describe them, is gambling. + +&#x200B; + +# 19. DeFi + +Now that we covered the basics of the basics, and I know it’s lot, especially if you’re a beginner, let’s get into the final part with a bit more complex stuff. + +**DeFi** \- As we mentioned, smart contracts are automated programs that are built to follow a specific function, such as if I give you X amount of ETH, I receive X amount of a token built on Ethereum. Once deployed on a blockchain, these smart contracts cannot be changed, hence they are decentralized. + +If you combine multiple smart contracts into something more complex, you get decentralized finance, or DeFi, with decentralized applications, or **DAPPs**. + +DeFi is a collective term for financial products and services that are built on a blockchain and are accessible to anyone. These services are always open and there are no centralized authorities who can block payments or deny you access to something, as everything is fully based on code. + +In other words, DeFi cuts out the middleman and offers financial services to everyone, and unlike banks, it does so without discrimination. Let’s get now into a couple of examples of real world use cases. + +**Decentralized Exchanges** \- They are simply exchanges where you can trade cryptocurrencies, with the difference that they are decentralized. They are built on one or multiple blockchains and you can trade any token built on that blockchain (or blockchains). These can range from stablecoins, to governance tokens, to meme coins. + +The main pros of using a decentralized exchange is the fact that you do not need to create an account or share your personal information, everything is done in a completely anonymous way. You usually just need to create a Metamask wallet, and you are good to go. + +On the downside however, if you want to trade Ethereum based tokens, you will pay astronomical transaction fees, and on top of that, you will be the only person responsible for any loss of funds. + +The most famous example is Uniswap, and you can use it to trade any token built on Ethereum. + +&#x200B; + +**Lending and Borrowing** \- I’ll start this one with an example. Let’s say you own 2000$ worth of ETH and you believe that it is going to go to the moon soon. Let’s also hypothetically say that you find yourself in a real-life emergency situation and you need 1000$. + +You will now have two options. You can either sell half of your ETH and call it a day, but miss out on an eventual price appreciation, or you can lock up your ETH as collateral in a lending and borrowing decentralized application and borrow 1000$ worth of a stable coin against the collateral that you just deposited. This way, you will end up with keeping your position in ETH and be able to ride it and you will also get the $1000 you need. + +To get back your ETH you would obviously need to pay back your debt of $1000 plus the occurring borrowing fees. + +Respectively, if you wish to earn passive income, you can lock up your Crypto with the ability to withdraw it anytime (zoom face) and lend it to those interested in borrowing it just like in our previous example. In exchange, you will earn an interest, which is way higher than the 0.5% that a bank’s savings account gives you, while the inflation rate for 2021 rose up 7%. + +&#x200B; + +# 20. Conclusion + +If you had the patience to read through these \~5500 words, thank you so much and I hope you gained some value! +While 171% is really impressive, it's virtually the same as S&P500's 179% gain over the same period. + +The 171% is factoring in the -19% loss after hours today. + +It seems insane that Facebook couldn't beat S&P500 over the same period of time. It's one of the biggest success stories in tech ever. I'm actually astonished. + +Question for you old folks: Are there examples of big companies in the past that tried to pour so much money into growing a new market as Meta has into VR/AR? Were they successful or did they destroy themselves? +Hello everyone, it is my first post here so please go easy on me. + +Came across an article today on Business Insider Singapore that the Buffet Indicator divides the total value of publicly trading stocks by quarterly GDP. At this point in time, it has climbed to a record high and it is used to gauge whether the stock market is overvalued or undervalued. + +Examples, it surged to 118% before the dot-com bubble burst in 2000 a, and topped 100% before the 2008 financial crisis. + +It now sits at 179%, question is, can we rely on this measure? Looking forward to hearing from the community. + +Source: +https://www.businessinsider.sg/buffett-indicator-surges-record-high-signaling-potential-crash-2020-4?r=US&IR=T +Not all of you, just a few. But a pretty loud few. + +I was the one who posted @Salm10 to this sub and it was really just meant for discussion and thoughts on his picks. He’s a friendly guy who literally just posts honest predictions on stocktwits and has helped a lot of people for free. + +Some might argue that he is a pumper, and that it’s not really “free”. Or that he is gaining something on top of all of this, but the truth is that wasn’t his intent. + +Before I posted him in this sub, he had barely 2k followers and would get maybe 10 likes per comment, sometimes none. Hardly anyone acted on his calls. Now he has more than 7k active followers with everybody watching and criticizing his every breath. His “pumping” is not pumping. He just has such a large following now that every stock he mentions gets a small burst from people following his call. + +Welp. There’s that gone. He’s been bullied off stocktwits, congrats. +So I got my statement through the post for the last 12 months. + +I haven't made any additional contribution just whatever is automatically deducted from my payslip. + +I paid about £1100 but the interest was £1300 so I owe £200 more than I did last year. + +Doesn't seem like there's much point in paying any attention to it if what I'm currently earning means it'll just go up every year because of interest +Damnnn, happy I didnt sell at $1.50 yesterday. + +Holding it hard! + +Up 35% today, 61% this week, 154% for the month. + +Plenty of volume to buy and hold still. + +Who else is riding the SNDL rocket? + +Only a few more days above $1.00 on the market and then this gets real! + + +Hope some of you are still all about SNDL, I think the ride is just starting to head back up to last years highs! (No pun intended). + + +Happy trading Tuesday folks! + +Edit: DD another *u/-_Ven_-* worked on and posted 2 days ago! + +https://www.reddit.com/r/wallstreetbets/comments/lehg4a/sndl_dd_2621/ + +EDIT: Thanks for all the love folks! Stoked to hear theres a lot of us in hard on the jolly green rocket! +(ps. I am not a financial advisor, nor should my words be taken as such. I am simply a below average, redditor). +Like some of these people with no debt etc and they are just living with their parents saving all their money from work with no issues at all, wish life could of been different😂 even working now I get no way near enough to save the amount some of these save in a month😂 +Hi everyone + +I’ve been lurking on this subreddit for the past few months and really enjoyed reading posts about finances and life in general. + +A bit about me; 26M, single and living with the folks (blue collar, immigrants). Started working from 19, and managed to save up for my first investment property two years ago. Earning $120k a year in the accounting/finance field, will be promoted in a month’s time. Since buying my property I’ve managed to save up ~$50k in cash which has been sitting in my offset account. Anything more than this I’ve decided to invest in ETFs and shares (something I only started a few months ago). + +Currently driving a 20-year-old Toyota and have been wanting to buy myself a nice car for a while now. The $50k cash I’ve saved would be roughly the amount I’m willing to spend on a car, and was thinking of a buying a used Mercedes A-class. Is it stupid for me to splurge this much cash on a car? + +I’ve generally never been a big spender and lived well within my means – I do enjoy going out and occasionally travelling but I’ve never really been materialistic and I don’t buy luxury goods/clothes. I’ve been challenged by my close friends to ‘enjoy life a bit more’ whilst I’m still young rather than constantly saving for my future and retirement. + +Whilst I’m very comfortable with my financial situation at the moment and extremely grateful with where I am in life, I can’t help but to feel that I’ve yet to truly experience ‘life’, and part of the reason is I’m always trying to live for the future rather than the present (i.e. ‘immigrant mentality’). And this feeling has now given me ideas to buy a nice car, for example. Is this the wrong mentality to have? + +I’d be interested to know what people’s experiences have been like as I feel I’m going through a bit of a quarter-life crisis where my life on paper is good, but I’m still yet to achieve proper fulfilment. It probably doesn’t help that I’m in an industry I’m not truly passionate about, but I’m good at what I do and it pays the bills. + +I don’t mean to sound like a brat going through a first world problem, and I guess I’ve digressed from the initial topic but I appreciate all the responses and advice! + +tldr; financial situation is good, should I splurge a bit to enjoy life (e.g. buying a nice car) or continue with what I’m doing and save for the future? + +Cheers + +EDIT: really appreciate all the responses so far! It's got me thinking, but a few key takeaways from this: + +- Don't buy just to impress others, do it for yourself. + +- Make sure I'm not comprimising my overall lifestyle through the additional costs that come with such a purchase. + +- Consider other things / experiences that can provide you with greater utility. As mentioned I do enjoy travelling, maybe it's something I can invest in a bit more (after COVID)? Work overseas for a few years perhaps? + +- Do NOT buy an A-class - that seems to be the general consensus! haha +Throwaway.. + +I was contacted approximately 2 months ago via mail by Centrelink for an apparent Youth Allowance overpayment while I was studying in 2011. They requested bank records or payslips for a period in 2011 to verify my income. I called Centrelink and indicated I was unable to provide these for reasons the call agent accepted (moved interstate and the bank requires you to pay for historical bank statements in person and my old company has not provided payslips despite calling and writing to them). + +I then accepted that I would have to pay an amount back to Centrelink, and the call agent said they would escalate my case for manual review and inform me once a decision has been made. + +This morning I received a text message from Milton Graham (debt collection agency) saying I need to pay the outstanding amount within 14 days or it will be subject to interest charges and I may incur a travel ban. + +I have looked through my MyGov correspondence and in my mail and have not received notification of the manual review decision from Centrelink. + +I have requested written confirmation of the amount owing from Milton Graham. + +Is there anything else I need to be aware of? I was expecting Centrelink to get back to me, but it looks like they have sold the debt without notifying me of the review outcome. Is this a normal process or can I escalate this within Centrelink? + +The amount is not something I can gather within 2 weeks so are there any templates I can use to draft a payment plan without incurring interest or charges or being subject to a travel ban? + +Cheers for any advice. + +What really ground your gears when you were buying? + +What bits of building a place really pissed you off? + + +I’ll start! We bought a new place, brand new, only to find out that the pipes were incorrectly installed that we had to replace the foundations under the bathroom. +I'll start; crash repairs. + +Those guys are a bunch of corrupt & thieving scumbags with some of the worst reputations amongst any Australian businesses. There is a complete and utter lack of transparency from the consumers point of view and very little price competition between repairers in my experience. + +I'm not sure how they will be disrupted but I'm sure its possible and god I hope it happens ;-) More price transparency linked with generic panels/parts (including published list prices) and a relationship with towing companies would be a good start. No more of this "find out what a write-off would cost and price the repair at $500 below that" BS... +I've been looking at the classic young Australian dream of getting their parents to go guarantor on a mortgage because the deposit keeps getting eaten up by price increases. + +My understanding of being the guarantor is that there is certainly some level of risk but assuming that in a worst case scenario the my property can be sold for at least the outstanding balance of the mortgage that's pretty safe. So for example, in a scenario where I was looking at a $1m mortgage and will have a deposit of about $170k after taxes and fees are paid, if I wasn't able to manage repayments as long as we're able to sell the place for more than $830k the guarantor wouldn't be at any risk. + +The problem I'm facing is that every single person that my Mum has talked to has been wildly against the idea, utterly confident that it's almost certain that the banks will end up taking her house and bankrupt her. + +What am I missing? From what I can see it seems like an awful lot has to go wrong before her assets would be at any risk but the advice she's getting, including from an accountant, is to stay as far away as possible. +Currently on ING for 0 fees but the functionality and UI is limited. + +Edit: For specificity I want to automate my short term savings as much as possible, as well as portion off %’s of less frequent payments like utilities, telecom etc. + +e.g If I have an energy bill of say $500 every 3 months, I would automate an x amount transfer to an ‘energy’ pool each week, so when the debit comes around it’s sum is $500. + +Thanks for all the feedback so far, love this sub +> # 6.2 Land tax and conveyance stamp duty +> Stamp duties are a highly inefficient tax on land, while land tax could provide an alternative +> and more stable source of revenue for the States. + +> When applied uniformly across a broad base, land tax is one of the most efficient means of +> raising revenue. This efficiency arises from the immobility of the tax base and, unlike most +> other taxes, levying different rates of land tax in different States has very low efficiency costs. + +> Existing land taxes are narrow, which make them less efficient and fair than they could be. +> Levying higher taxes on larger holdings discourages land-based investment by institutional +> investors, such as in rental housing. As owner-occupied housing is exempt, land tax on +> residential investment properties is probably passed through to renters as higher rent. + +> The structure of land taxes could be improved by broadening the land tax base to eventually +> include all land. Land tax rates should be based on the value of a given property, so that the +> tax does not discriminate between different owners or uses of land. A tax-free threshold +> based on the per-square-metre value of the land could be set such that there would be no tax +> liability on most agricultural and other low-value land. Higher-value land could be taxed at +> differentiated rates based on the per-square-metre value of the land. + +> Stamp duties on conveyances are inconsistent with the needs of a modern tax system. While +> a significant source of State tax revenue, they are volatile and highly inefficient and should +> be replaced with a more efficient means of raising revenue. + +> Conveyance stamp duty is highly inefficient and inequitable. It discourages transactions of +> commercial and residential property and, through this, its allocation to its most valuable use. +> Conveyance stamp duty can also discourage people from changing their place of residence +> as their personal circumstances change or discourage people from making lifestyle changes +> that involve a change in residence. It is also inequitable, as people who need to move more +> frequently bear more tax, irrespective of their income or wealth. + +> Reforming land tax and conveyance stamp duty arrangements, along with the proposed +> changes to the taxation of rental housing and Rent Assistance, will go some way toward +> improving housing affordability. However, to a significant extent housing affordability is a +> supply issue + +https://treasury.gov.au/sites/default/files/2019-10/afts_final_report_part_1_consolidated.pdf +https://www.theaustralian.com.au/business/property/sydneys-sinking-suburb-jordan-springs-east-to-get-a-600m-bailout/news-story/ + +Lendlease will spend $600m buying up a sinking Sydney suburb in a massive compensation scheme offered to 841 homeowners. + +The buyback of houses near Penrith in Sydney’s west has seen Lendlease offer to repurchase every home in Jordan Springs East, after the development, allegedly built on landfill, began to sink, causing significant damage to homes. + +While Lendlease disputes that the damage is across the entire suburb, instead claiming it is limited to about 90 homes, Penrith City Council slapped 195 more notices on homes in the fresh development in September, increasing the number of notices to 841. +Homeowners were given an option to receive compensation and company-backed repairs until 2035, five years after council notifications are removed. + +“Lendlease does not believe it has any legal obligation to provide this commitment but is doing so because we stand behind our communities, our technical consultants and geotechnical testing and, most importantly, our customers,” Lendlease senior development manager Kevin Montier told The Daily Telegraph. + +“The customers are caught in that position where they see us and council … talking about the fact we need to get our experts to agree. And then, they have since had that notation placed on the property by council so there is that anxiety and nervousness.” +While the issue has been ongoing since 2018 after residents discovered significant cracks on their homes, in addition to subsided driveways and damaged roads, the matter became public only in January this year, with many residents signing confidentiality agreements with the construction company. + +The splurge by the $8.5bn company is a dramatic change since October, when the company had bought back only 20 homes, with offers made on ­another 22. +I'm the cliche, longtime viewer, first time poster. I'm alway interested in reading the posts of individual finacial scenarios and the feedback recieved. + +I'm teeing up a meeting with a financial advisor and am after some ideas to take to the meeting. + +**Personal Circumstances**: + +Partner and I are both 34 with 2x kids aged 1 and 3. We live in regional NSW + +**Financial Situation:** + +\-I earn around $90,000 before tax can fluctuate monthly due to bonuses. Work in sales. + +\-Partner is currently only doing the odd shift here and there due to being home with the kids, may start 1\-2 days a week later in the year. + +**Assets and Liabilities** + +\-This month we paid off all but $1 of our home loan \(keeping it open for time being for redraw\), house has been valued @ $550000 + +\-Bought an investment property last year valued @ $310,000 it's across 2 mortgages $65,000 variable @ 3.97&#37; and $220,000 @ 3.75&#37; fixed. The tenant pays the 90&#37; of the mortgage. + +\-Dipped toe into cypto last year with approx $1000 in Ethereum and Ripple, mostly due to FOMO. Am now satified I'm not or already have. + +\-We have around $75,000 each in super funds + +\-Own around $5,ooo worth of Medibank Shares + +\-Have set up savings accounts for the kids, only have around $500 each though. + +\-Don't currently have our own savings accounts, use redraw for bigger purchases. + +**Ideas and Plans** + +**Short Term** + +\-Setup a share trading account and make monthly trades when paid \(monthly\). Have been tracking shares for the past year without taking the jump and have been reading with interest on here about ETFs. + +\-Build a new house as an invervestment property in my name to negatively gear. + +\-Buy a positively geared investment property in partners name + +**Medium Term** + +\-When the kids are older would like to buy a to bigger property these are currently $800,000\+ in our area + +\-I'm not career orientated and when would like to take a year break to travel with the children in around 5 years so would like to build to have passive income/savings to fund this. + +**Expenses** + +Besides the usual Insurance, Petrol, Rates, Food etc Don't really have many out of the ordinary expenses besides + +\-Partner would like to get a mummy car this year, ideally would only spend $16k for a used although the finance rate deals around on some new cars look attractive before looking researching the fees. + +\-$150/week childcare + +\-Like to take at least 1 overseas holiday per year. Around $5\-6k + +Also don't currently have any income protection insurance or the like and I'm sure that is something a financial advisor will raise. + +Thanks for reading and for any feedback recieved. + +Happy to answer any questions as well + + +You’ve done your research and you’ve found the next great trade. You can’t wait for the opening bell to enter the order and the stock looks like it wants to move higher. After a few minutes of trading the market also looks good and the stock is running so you hit the buy button. We’ve all been in this situation and here’s why you should wait for at least 30 minutes. + +During early trading buyers and sellers are jousting to see who has the upper hand. Much of the price action is program driven and the price action tells us how the day is going to unfold. All of your day trades and swing trades need to start with the market. Let’s take a look at the last 3 days of trading and what we learned from the early action in the SPY. + +**Wednesday** the market opened with tiny mixed candles. That is a sign that neither side has much of an advantage. Dojis and long wicks/tails are also an indication that the price action is balanced and that neither side has an advantage. The trading volume was also very light. After an hour of trading you would conclude that if you were day trading you should expect a tight range and that you should trim your size and set passive targets. + +&#x200B; + +[SPY 5 Minute](https://preview.redd.it/mfy41iv6bks61.png?width=942&format=png&auto=webp&s=80c5384fd608c85f057c43ecd5899782fbb5d6ab) + + + + + +**Thursday** the market gapped higher. Gaps to a new relative high have been faded and you should expect the bid to be tested. You need to be careful of a gap reversal and you can see from the green candles in the first 30 minutes that there is some buying. That tells me that a big drop and a gap reversal is unlikely. If there were going to be a gap reversal those green candles would not have been as big and they would not have come so soon. On the next drop we can see that the market almost filled the gap and that the new low of the day was barely below the prior low (marginal new low). The next series of green candles confirms that buyers are still engaged and that provides you with a better entry point. If you bought the open you overpaid for your position and you were exposed to a possible gap reversal. If you were day trading you might have been stopped out for a loss. + +&#x200B; + +&#x200B; + +[SPY 5 Minute](https://preview.redd.it/11196bycbks61.png?width=791&format=png&auto=webp&s=454753d06a02ac4647b5f2f5728138429c4715d5) + + + +**Friday** the market started off with a series on nice green candles. That move was orderly, but the candles were tiny and that is a sign of resistance. That move lured in bullish speculators and the market was making a new high. After that initial push higher the market tested the low of the day. If you bought too early you overpaid. The market dip had tiny candles indicating that the retracement was also weak. On the low of the day you can see a long green candle (bullish engulf). That is a sign that support is strong at the low of the day. + +&#x200B; + +[SPY 5 Minute](https://preview.redd.it/obqj2jctbks61.png?width=815&format=png&auto=webp&s=d6803ed864cf7ee347f0e94af48bd7e1d3e95e55) + +&#x200B; + + + +The information that we get in the first 30-45 minutes helps us gauge the market. It tells us how aggressive buyers and sellers are. During that early action we can also gauge how the stocks we want to buy are behaving. If the market is going down and the stock is going up, I know the bid is strong and that the stock is ready to fly. If I buy the stock right on the open I do not have that information. + +Let’s use and example from last Friday. CRM looked great. The stock had formed a base on a daily chart, the stock had heavy volume and we can see on a daily chart that it was testing the 100-day and the 200-day MAs. Would the stock blow through that resistance or would it pullback? The market was strong, but the tiny candles suggested that there was resistance and that we did not need to chase. + +&#x200B; + +[CRM Daily](https://preview.redd.it/az3ifkd0cks61.png?width=898&format=png&auto=webp&s=ba7a41c894f809a27f7a1d62f1f9ca329e95278e) + +&#x200B; + + + +In the next chart you can see how the market pulled back and CRM stayed very close to the high of the day. This is a sign of relative strength. As soon as the market found support CRM blew through the major moving averages and you had confirmation that you had an excellent entry point. You can also see the relative strength later in the day. Relative strength is my edge and I search for it every day for my day trades and swing trades. + +&#x200B; + +[CRM 5 Minute](https://preview.redd.it/dimk0pd6cks61.png?width=1138&format=png&auto=webp&s=fe5efb8fd196f132d5284e05a4a81170d042a9e1) + +&#x200B; + + + +Some of you will look at the CRM chart and say… I would have entered even better if I had bought the open for CRM. In this case that is true. However, you did not know that the market was going to do or if CRM was going to retreat after testing the major MAs. + +FB has been strong recently as well. It opened a little soft Friday and it shot higher with the market. However, look what happened after that. The stock gave back all of the gains when the market retraced. That is bearish and it is a sign that there is selling pressure. If you bought this stock early in the day you overpaid. By the end of the day you might have decided to stop out for a loss. Luckily, the market had a strong day or the stock would have been down a lot more. + +&#x200B; + +[FB 5 Minute](https://preview.redd.it/kz5uw18dcks61.png?width=1053&format=png&auto=webp&s=a6d6448b091f5330555f211ab34cd7b863ca9a14) + + + +Trading the open presents greater risk and greater reward. I have found that by waiting at least 30 minutes I can improve my trade entry. The market action tells me what type of trading day we are going to have and who has the upper hand (buyers or sellers). I can also gauge the stock’s price movement and I can identify relative strength. I hope this post helps you with your entry. Trade well. +The title says most of it. My rent check for March was stolen from the "secure" box we drop our rent checks in monthly and cashed. How it was done is literally laughable. My check was made out to the landlord/ rental company, and whoever got away with this simply wrote "and (insert name here)" after the rental company, took it to a "bank" (I'm guessing it was one of those skeezy check cashing places), and it was cashed. Wells Fargo's fraud dept had initially reached out to ME, because it was so obvious. Completely different handwriting, different color... I mean when I say its laughable, it truly is. I have been in constant contact with Wells Fargo since, and still don't have my money back. At this point they're saying the only way I can get my money back is if whatever "bank" cashed it reimburses them. To me this seems like an EXTREMELY far fetch... Wells Fargo is saying they have reached out to this place multiple times and have not been able to get ahold of anyone. So all they have to do is ignore Wells Fargo and they stay out of trouble? It really seems like Wells Fargo is not doing as much as they could for me, as a loyal customer for 20+ years. + + +At this point I'm frustrated, to say the least. I don't live paycheck to paycheck, but a month of rent is a lot of money to me. Is there anything else I can do?? Besides waiting patiently for Wells Fargo to passively procure my money from some back-alley "bank" who very likely knew they were doing something illegal, of course. + +Thank you for any advice. +[read this](https://finance.yahoo.com/news/charlie-munger-says-berkshire-playing-215642323.html) + +Keep the following things in mind when reading this: + +* If people get anxious and dont feel safe with their money in berkshire hathaway, they will pull their money out. +* Saying the stock market is gonna go down is saying their customers are gonna lose money (temporarily) hence people would pull their money out of their fund. +* people know that if berkshire would buy now, that would mean the bottom is hit. + + +Berkshire hathaway always bought during stock market crashes. Is it really gonna bedifferent his time? Or are they just making sure people dont pull money out of berkshire? +Hi, as I have been exploring US stock and before really jumping in and invest heavy would like to understand the tax treatment. +Dividend was already deducted at 30% in US for the stocks I have, but can we claim back in Belgium? as I heard upto about 900 EUR is not taxed here. Anyone could give a clarification on this will be helpful. Thanks for your time. +Hello, + +I would like to ask for some advice on some higher risk higher reward investments. + +I've already started investing in IWDA and IEMA through Degiro for my long term goals. I'm looking into growing my porftolio with riskier strategies and speeding up the process of reaching FI. What would you guys recommend as I'm still young (20) and can "afford" to lose some money. + +Should I start stock picking/investing into crypto? + +What other ways are there? + +What % should they be apart of my porftolio in your opinion? + +Thanks and sorry for my english. :) +Hey, I am 19 yo student from Slovakia and I would like to start investing money I ve saved over the last few years (2700€) rather than losing it on savings account and get some feeling for investing and also experience. Could u give me some advice what would be best first investments? + +From my little research ETF looks as the most reasonable (easiest) to get into. But I don't really know much about that + +Most of my expenses (food, bills - I don't spend that much on things I don't really need) are covered by parents so I don't have to care about that yet +And is it the same in other countries? For example, If I were to move my portfolio to some Swiss or German bank/stock broker, would I still have to pay some kind of a stamp tax to the Swiss/German government? What is your experience? +Hello everyone, this is my first Reddit post so I hope I’m doing this right. + +I'm 26 yo and I have recently started to work, I make around 53K yearly (pre tax) and I found myself with some money in the bank, and I would like to start buying stocks/shares. + +I have no idea about how it works, so I would like to ask if you have some advice on strategy, materials or whatever you think it can be useful. (I have been reading about it on the internet, but I want to have some real people opinions/advices on the topic) + +Thanks! +Hey all! + +After a couple of unpleasant experiences with N26, I'm starting to look for something else. I've tried a couple of similar services, but would love to find out if you guys know about banks I haven't considered yet!^((I mainly consider online banks like these because I prefer a debit MC/Visa for online purchases, which main banks over here don't issue.)) + +The most important thing I need is being able to transfer money online as well, without fees. I would also like to get a real debit card (preferably from within the Eurozone) and an IBAN number. + +I do make transactions in foreign currencies every now and then, and sometimes need to withdraw money in USD as well (pre-covid), so I'd love the lowest possible percentages, but that's not my main concern, especially not right now. + +I have used Revolut in the past and received excellent service, even as a non-paying customer! Unfortunately, their card being prepaid (at the time) is what made me switch, I didn't like how every terminal assumed I wanted to pay in GBP and the online platform they have now, doesn't let you do much. + +I have explored Wise as well, but noticed they charge you for money transfers. I pay my bills with N26 online, so I'm not too excited about having to pay an additional fee for every single bill I pay. + +Looking forward to your reccomendations! Any input more than welcome!! + + +Thank you! :) + +EDIT: oh, and preferably Apple Pay support! I find myself using it quite a bit! Thank you so much! +Hi, + +I was wondering if there's anyone here from the Republic of Ireland, willing to share some advice as to what to do / what's really a good way to gather about 100.000€ first. + +My goal would be eventually to buy a house / flat, and there are already some options I've read about / heard of (like Revenue's tax refund for 4 years for first time buyers), but I was wondering if there's any other piece of advice you have. + +Thanks in advance +Hello, + +I'm wondering if it's OK for me to work in Ireland, be on an Irish payroll, but live in France. + +I'm not sure if it's going to cause some issues with taxes if I do not declare my income to the French government while I am already doing so with the Irish government. +Hey, anyone here from Sweden? I want to apply for the credit card re:member and to check if this is a good CC. +My family and I travel quite few times and was looking for a CC that has some insurance. +Thanks +I started contemplating starting a company for my side job. Let's say that I provide only services and have ~10.000€ of revenue/profit per year. I'm still doing my full time job, this is just for my side job contracts. + +I would like to have a company that will provide me with the liability protection (like german Gmbh or UG, or UK Ltd or USA LLC) but that will not be expensive to upkeep. + +I considered UG, since I'm German resident (though non-EU citizen), but the sheer complexity of bookkeeping requirements would require me to give 1/3 of revenue to bookkeeper just to be on the safe side that I'm not breaking the law. + +I'm fine with paying taxes for the profit made, but not fine paying that much as a bureaucratic overhead. Also, I don't want to pay 25.000€ to start a company that would be used only for side job. + +I know that I don't really need a company to start working, but the fact that working without liability protection mixes my business with my private wellbeing just send a series of uncnomfortable tickles down my spine. + +I was thinking about UK Ltd. company, but I'm not sure about the complexity of having company there while living in Germany and possible implications. I dismissed USA LLC, since I don't want to deal with IRS and the complexity of having non-EU company. +Hey guys,I remember reading about buying US stocks in Europe is not a good idea but can't really remember exact reasons. So I tried to get my head around it, here is what I think and my 2 important questions. + +I live in Germany, I created an account on German broker (Trade Republic), there are US stocks I can buy on the platform. Since it's on this market I can invest into this "entity" like any other right? There is nothing special or spooky about it. I see this as a simple transaction you're free to do without restriction, not different than buying German companies' stocks. + +**Question 1:** What happens when I sell my stock? Let's say I sold it and made €100 profit. I have to pay capital gains tax to German state sure but do I pay anything to US? + +**Question 2:** Let's say I've receiving dividends from this company. US withhold %15 of it, German state takes %25 (but I can deduct that %15 US cut from this) and that's the end of the story. So I don't have much disadvantage of receiving dividends either. + +In overall I don't have much disadvantage of buying US domiciled stocks basically.**Do I miss something?** +Some time ago I bought some ICC International Cannabis shares which promptly dropped to 0.0001€ and became non-tradable... now I heard that the company changed its name to Transnational Cannabis and it's actually back in the market under WLDCF, with increasing stock prices... + +&#x200B; + +...exactly how worthless are my ICC shares and what can I do with them if anything? Shouldn't the price be the same as WLDCF since it's the same company with a different name? +Let's say that I am presently working in the Netherlands but wish to pay my income tax to a country I am resident/citizen of in one of the UK or Aus - is this possible? + +If not immediately possible with these countries, is it possible in general with some wackier setups, such as my 'employment' being in the form of contracting out to a company I own based in the Bahamas or something? +So, i do not know a whole lot about how retirement is calculated or how it usually works. But i did do some research on my own, and this is what i have come up with so far. + +By being cynical and reading the news, i assume that by the age i reach the AOW retirement age, it will probably have moved up to 105y of age. If there is even any money left of whatever is automatically deducted from my salary by law to fund this AOW. + +I also know that even if you reach AOW age, the funds you will be getting is bare minimum, and doesn't even cover the cost of living. + +So, retirement plan it is. + +A lot of the family around me isn't really all that busy with it, because most of them have this build into whatever CAO their jobs happen to fall under. +My job, does not fall in any CAO category, and the company i work for is not on a scale of ASML or Philips, so they don't have their own benefit plans installed either. + +I did some research left and right, but all in all it is really confusing to figure out what you might want and need, and if you start looking into what a company can assist you in as employee, it starts to get really hard to find accurate and supported information (or i am looking in the wrong places, or it doesn't really exist?) + +So my question is, if i want to ask my employer to help me with retirement in some way. I am most likely asked "What do you have in mind?". And currently the only thing i can come up with is "give me extra salary, so i can put it into savings." +While that does sound nice, i was hoping there were better ways that possibly get some tax benefits for doing so (as i know you pay income tax when retirement funds starts being your "salary" so to speak. And double taxes would be insane.), in which the company can put it somewhere for me, instead of me having to make arrangements myself. And i want it to not be something managed by the company directly either because if the company dissolves or just stops existing at some point. Everything build up would promptly disappear as well? + +What are my options here? What proposal can i make to my boss to help me and possibly others prepare for retirement in a proper way? How do other 20ish people business do this stuff? Is there anything obvious i am missing, regarding retirement funds as a whole? I would like to know that as well. + + +Hi, + +I'm new and want to invest in ETF's for long term. And some individual stocks also. + +For ETF's I picked these and also percent wise, is it any good? + +Vanguard FTSE All-World 20% +iShares Global Clean Energy 15% +Vanguard S&P 500 ETF 15% +Vanguard FTSE Emerging Markets 10% +iShares China Large Cap 10% +Bitcoin ETP 10% +iShares Physical Gold 5% +iShares Developed Markets Properties 5% +iShares NASDAQ 100 5% +Xtrackers Russell 2000 5% + +or better stick with 1-3 ETF's and be done with it? +Hi! + +I'm an EU citizen/Italian holding USD in cash and want to invest in the US markets. I'm not sure which of these options work better in order not to lose on potential future EURUSD hike (and losing value on the underlying asset). + +Opt 1: Buy US Stocks and replicate some sort of S&P 500 position via USD brokers (e.g. IBKR) + +(edit, option I picked finally) Opt 1a: Buy UCITS ETFs on S&P denominated in USD (e.g. VWRA) via USD brokers (e.g. IBKR) + +Opt 2: Convert USD to EUR and buy S&P 500 UCITS ETF (via my broker Scalable Capital) + +Opt 3: Convert USD to EUR and buy S&P 500 TIPS (FX hedged) UCITS ETF (via my broker Scalable Capital) + +Thanks! +Starter here... + +Let's say an ETF follows the s&p500 + +S&p500 has the top 500 companies of USA. + +So, does the company which has this ETF buy the stocks from the top500 US companies? + +And if a company moves out from s&p500 then the company with the ETF sells the stocks and buys the stocks of the new company which entered the s&p500? + +Is that correct or am I completely mistaken? +Hey everyone. I just wanted to ask you all for advice on certain things so that I may have more clarification going onwards. + +I want to get into more continuous investing. I had started last year opening an Etoro account with very small investments, but I'd like to be able to invest in US ETFs and Etoro only offers them as CFDs. I'm aware of the changes in EU laws regarding trading ETFs like VTI and VOO is now no longer an option but I know that there are similar alternative domiciled ETFs that you can get in brokers like DEGIRO, which I have been looking at as a potential broker to move forward with. + +Is this an acceptable broker to invest in France with? I started the process of opening the account, and I now need to choose between Basic and Custody. The difference being some fees but the main one is that DEGIRO can lend your shares in the Basic account. Is it really that bad opening a Basic account (cheaper fees) than a Custody account? Anyone with a Basic account not bothered with the lending? Which one do you guys advise I open? + +And secondly, I have absolutely no knowledge of what this all means in terms of taxes. I currently don't earn enough to be taxed normally but soon should be (new potential job etc). Can somebody direct me to somewhere I can find more on this? Preferably in English. My french is good but all the new terminology makes it very overwhelming to read and understand. + +Also, if DEGIRO isn't a good option let me know. I know there is also IB but fees for people starting are a lot higher. + +I plan to put in around 100-200 in stocks and ETFs per month when I open a new account with a new Broker. + +I apologize if any of this has been asked before. If it is easier to direct me to an older post then please let me know. + +Thanks in advance! +Hey, I am 19 yo student from Slovakia and I would like to start investing money I ve saved over the last few years (2700€) rather than losing it on savings account and get some feeling for investing and also experience. Could u give me some advice what would be best first investments? + +From my little research ETF looks as the most reasonable (easiest) to get into. But I don't really know much about that + +Most of my expenses (food, bills - I don't spend that much on things I don't really need) are covered by parents so I don't have to care about that yet +[Email from SVP @ Google regarding Bitcoin](http://i.imgur.com/zYkPrZa.jpg?1) + +So on a whim, I sent an e-mail to Vic Gundotra (Senior Vice President, Social for Google) about Bitcoin, why it's the most disruptive technology since the Internet itself, and how I'm not the only one out there wondering when/if they have plans to incorporate it into Google Wallet. + +He immediately responded and said they are "paying attention", and CC'd the gentleman who runs Google Wallet - Sridhar Ramaswamy (SVP, Ads & Commerce at Google). + +I've entered into a dialogue with him. + +This is my take away on why Google kicks ass : + +A) One of the bosses actually responded to email from an absolute nobody about Bitcoin + +B) Google is paying attention to Bitcoin (he would never have responded or said those words if Google is +positioning themselves to be "Anti BTC" (or even try to create a product to rival BTC) + +C) He put me in touch with the man who runs the Google Wallet division. + +So, what do I say to Sridhar? Any suggestions? + +Before some of the Anti BTC Brigade chime in with "so what?, he's just one dude" - please think about this. If Google had NO plans in regards to Bitcoin, this guy would be smart enough not to respond to such an email, in the manner he responded, and CC the person who runs the Google Wallet division. + +If you ask me, the writing is on the wall(et) (pun intended).. and this was a really pleasant surprise. + + +Update: [Screenshot of Email I sent (personal information blacked out)](http://i.imgur.com/LvO08Jr.jpg?1) + +Update 2: [Google CONFIRMS they are incorporating Bitcoin](http://i.imgur.com/JPGI6lL.jpg?1) + +Update 3: **UPDATE: Ariel Bardin, Vice President of Payments @ Google has asked me to facilitate a Google Moderator and pose the question "What would I want Google to do with bitcoin?". He's promised me he will personally review the results and pass it along to the team working on incorporating BTC into Google. Please help me with this and take the time to submit something: [What would I want Google to do with bitcoin?](https://www.google.com/moderator/#16/e=20e106)** +Recently single, just getting on Bumble, I put 'FI/RE' at the end of my little blurb. I wonder if anyone at all will recognize that. + +One guy has asked me about it and we started a conversation. He'd never heard of it, but he was working on his "exit strategy". No details from either of us, just general opinions. + +Anyone else on doing apps and broaching the subject? + +Update: +Thanks for the comments. While I am simply on my path to FIRE (not wealthy), and was looking to strike up that mindset conversation, I decided to take my FIRE comment down. + +Instead I said I try to have my shit together. And see where the conversation goes from there. +Dating strangers sucks. + +Oh, and I'm female, as it seems it might matter on the app how/what I say. +"A brokerage firm usually arranges the lending of shares for shorting by the shareholders among its clients, or the clients of other brokers. There is generally a borrowing fee for the stock, which may vary with its availability and liquidity. **The borrower of the stock is responsible for paying any dividends to the lenders.**" + +That's from Investopedia, who (unfortunately) got that straight from the SEC. + +If you get cash instead of your shares, you can use this LAW to go after your broker for the shares, or take it directly to the SEC in a lawsuit. + +Yes, a lawsuit would be within reason, because a share dividend is a **non-taxable** event. If they give you "payment in lieu" of the shares, that will be **taxed!!**. + +They would be illegally forcing you to pay taxes, when their own rules state you don't have to if you don't want to. That's grounds for a lawsuit. + +Please keep note of this apes! There's a reason we've all been hyped about the splividend. You will not get cash, you will get juicy juicy shares. +I am fairly new to credit as I opened my first credit card last August. While I have paid the card off on time each billing cycle, I had a bill from a hospital visit back in 2017 go into collections which has impacted my credit score. BoA shows my FICO score as 617 while CreditKarma has it at 741. Pretty big discrepancy IMO. After a few google and reddit searches, it appears as if I am not alone as other people have reported similar issues. However, their scores were usually off by 10-50 points, not as big of a deficit as mine. + +I understand CreditKarma uses the Vantage 3.0 which is a different scoring method than FICO but I am still curious as to the large gap in the scores. Which score will lenders most likely use when I apply for a mortgage and other cards? Is there a score I should rely more on to gauge my financial health or is this one of those instances where both scores are taken into account and should be viewed equally? + +22M, working full time. +I can't think of worse way to waste your hard earned money. Not only you are throwing them in the bin but you are harming your body as well. I know it's a pleasure and fun but the money paid for cigarettes pile up day by day, money which you otherwise can invest in Crypto. + +Where i live a pack of cigs costs around $3 and in most Western countries are much more expensive. + +Let's assume you smoke a pack per day and put things in perspective for 1 year. $3 x 365 = $1095 + +One of the most expensive places in the world to buy cigarettes is New York with average prices of around $12. This makes $4380 if you smoke a pack per day. + +Each one of you can make the calculation for themselves depending on the price and how much they smoke, but the totals are staggering. Thousands of euro, dollars, pounds which can be invested, staked, borrowed or whatever you can think of, all better than wasting them on this bad habit. +One of the most important questions property buyers have is how much to offer on a property they like. Goes without saying that there is no right or wrong answer and it depends on several parameters. + +But what the buyers can do, is play with publicly available data and find out: + +1. If some estate agents routinely price it much higher and then offer a hefty discount? + +2. Are these discounts dependent on the price of the property? + +3. And most crucially, what’s an acceptable discount you can ask for without ‘insulting the vendor’? + +This is what I did: + +1. Set up email alerts from Zoopla and Rightmove for the area I was interested in. I included all types of properties in a wide price range. + +2. Once a month, looked at the sold prices data from Land Registry and compared it against the Initial asking price for that property. Some property might have several price revisions. The publicly available snapshot will only show the last asking price. If you have it in an email you can find out the initial asking price easily. + +3. Plotted the Initial asking price against the eventual discount the vendor had to offer. Link: [https://imgur.com/a/13kdX8a](https://imgur.com/a/13kdX8a) + +**Observations:** + +1. Yes, some estate agents are worse than others. Don’t want to name names, but one agent beginning with H and ending with T is the worst when it comes to valuation in my area. Interestingly, some agents are consistently on the ball ( +/- 2 %). + +2. The valuation is less accurate for higher priced properties. Sub £300k properties, the best discount was 4.35%. For £500k plus properties, a 10% discount was quite common. +Everybody is signing up for GS accounts. Now I buy my action figures from GS. GS has AMAZING deals on TVs right now. Need something random like a power strip, gaming mouse, lava lamp? The site has it all (including an R2-D2 lava lamp!). Clothing, wall art, home supplies? Yep. + +What I'm getting at here is that retailers like Amazon and Walmart have customers that just want the best deal and aren't loyal to any company. As the GS site continues to grow and offer more and more products, and if they keep their great, US-based customer service, there's no stopping them. I'll buy my next jeans, spatulas, and lawnmower from GameStop - I don't give a shit - just get that stuff added to the site. Before I look anywhere online for something, I'm getting into the habit of checking GS first. + +Stock goes high? Cool, I'm collecting it. Stock goes low? Cool, I'm collecting it (and now can afford more). + +Now, it's not just that "we're not going anywhere." It's that we're digging into this permanently and calling it home. This is just how things are now. Sorry if the MSM financial idiots don't appreciate how we're unconventionally playing the game, but make no mistake: Not only are we in this game, but we ARE gonna win. +I just wanted to give a gentle reminder to folks in the sub that are having a hard time getting by. I wanted to remind you that you will make it through, you will find a way, you will get by because you always have. You can do it, don’t give up! + +I was pretty down a few years ago and wanted to give up. I read a random post of encouragement and it was the tiny poke that I needed to get up and keep going! +Dentacoin released partner clinics but they could be backtracked to the same adress in Bulgaria, because some Bulgarians bought them... most likely from ICO money. + +All different Dentacoin partners (dental clinics) had brand new websites with fake facebook and used the same CMS with the same admin mail.... one in UK and one in the US used exactly the same layout profile but according to Dentacoin they had no connection to each other.... + +Tried to point this out at their reddit... instead of an answer: + +You've been temporarily banned from participating in r/Dentacoin + +subreddit message via /r/Dentacoin[M] sent 8 hours ago + +You have been temporarily banned from participating in r/Dentacoin. This ban will last for 999 days. You can still view and subscribe to r/Dentacoin, but you won't be able to post or comment. + +Proof for me its 1000% scam otherwise they would just need to deliver counter arguments... +In short Bulgarians buy dental clinics from ICO money, try to sell them as independent partners to the public and fake a partnership adoption of their coin. In the end: worthless coins - coin inventors with many clinics through sub-contract firms... + +EDIT Response to debunk attempt by DNC: https://www.reddit.com/r/CryptoCurrency/comments/7qu0qt/dentacoin_scam_reddit_ban_for_3_years/dstfvf8/?context=1&st=jcj7vp3x&sh=65348bf6 +Can we please have some sortof stickied weekly post for begginers in forex? r/investing has moronic mondays that filters posts pretty well, could we have a stickied post for begginers every week? In the post we could link some basic explanations of commonly asked questions that lots of beginners don't understand such as leverage,margin, S/R levels etc. + +P.s. Also maybe one for analysis on a weekly basis where sunday people can post their trades they're watching for the week and why. If rules were set for analysis/reasons this could be very well put together and help allot of people. +Member for a couple years but I've been lurking for the past 10-12 months. First thing is I'm not trying to brag. I'm legit asking if something can be messed up while paper trading by someone who also trades live and understands how to properly document trades. + +It's funny. My last posts on /r forex were about scalping and I was stuck/fixated on the 5 minute chart. I was even looking into venom trading simply because their spreads were ridiculously low or something. My focus has changed quite a bit over the years lol. I've been trading for about 2 years now and I am in the green overall, but I'm probably pretty standard in that I am just over a break-even trader. + +Over the past year I have spent...fuck, I don't even know how many hours in front of the charts. I've spent entire weekends and days off just switching between desktop and laptop charting. I've got multiple notebooks and excel sheets full of random ideas and strats. I put something together, backtested it with great results and then I began testing it like all my other ideas: through live paper trading for a period of 8 weeks. The numbers are insane. Everything I know about trading says it can't be true. Everything i know also says I traded it correctly. Is there any way to skew live paper trading results? + +* Backtested for 18 Months (manually) +* Paper traded it for 5 months live. +* Backtesting results were similar to live trading results. Max drawdown of 14.63%. +* I hate losing money, which is why I backtest and paper trade for so long. It's also why I'm treating this strat like an english paper and asking for more eyes on it. +* these numbers don't make sense to me, but I recorded them live, and want to go in on them with actual cash. I just want to see if there's anything I could be missing. I've looked at fundamentals...figured maybe Bernie and the DNC, Hillary, Trump, Oil prices, gold, the attempted coup in Turkey, terrorist attacks, Brexit, the French election, etc could be swaying the results, but it doesnt seem so... + +I'm not as good with copy/pasting screencaps as I am with Forex. Oops. + +January: http://i.imgur.com/MOpIsP5.png +Feb-Apr: http://i.imgur.com/tickeOS.png +May: http://i.imgur.com/CA2to2C.png +I'm a bit unsure on something and trading with leverage + +let's say I have deposited £200 into my account and I am trading with a leverage 1:10 + +I trade £200 but with leverage so I'm only using £20 of my own money for GBP/USD + +The trade doesn't go my way and I make a loss of 10%, so I have £180 now, what happens to the brokers money and what happens now? +In stocks, you have a limited supply of shares. So, at some point, you run out of shares available at X price, and you have to move on to the next higher priced shares. For all intents and purposes, isn’t the available currency to trade basically unlimited? It seems like there would be more than enough available currency and would never budge the price. I have tried googling this answer and have found nothing. Any help would be appreciated. +I’ve come to realise that after daytrading every day for the last 3/4 years, I have developed an instinct for predicting patterns. Like someone starting training martial arts, what is initially carefully choreographed movements, over time becomes muscle memory and reaction, absent of conscious thought. The same is of trading. + +the subconscious mind is free from the frailties of vanity, greed, fear. it operates a set of processes efficiently and without fuss. sportsmen call it being ‘in the zone’ + +I perform at a consistent 75% win rate and in fact this has been trending upwards for some time. I know with confidence when stock is overbought, when I will play a quick open/close on bounces off resistance points and can ride uptrends without becoming reckless. I don’t worry about market analysis anymore, or rumours. I get a feel for the day’s trading behaviour and adjust my strategy accordingly. I should note I trade sp500 exclusively now. + +I’ve grown my portfolio to £200k, and have confidence that over the next 2 +years I can reach £500k. It’s taken me a lot of education, trial / error, relentless data collation of each and every trade, analytics as well as using machine learning models to tell me definitively what indicators and features matter to price movement, and what is just noise. + +So I suppose my summary is that 3years of dedication, motivation and obsession is what really takes a poor trader to a good trader. I can’t emphasises enough that you are expert on statistics, probabilities, truly understand economics - and plug into high quality news sources (not MSM) to put all of your data in the wider context of an ever changing society. +So I have finished reading Babypips School, as well as been trading with real money for a while. I have been just using indicators and the news to trade. I feel that there is more I can do to get better. I mean everyone was a beginner at some point. What did you guys do to improve yourselves as traders? +Neo-Fisherists are looking to validate their beliefs as Turkish president and central bank are the first to apply this economic model, which many call “Neo-fisherism”, in real world. + +Erdogan’s goal is simple though not simple to accept and understand: “We are going to achieve low inflation with low interest rates.” + +It implies that low interest rates cause inflation to go down. + +That’s exactly what Neo-Fisherists say. (note that the opposite is true as well: high interest rates = high inflation) + +Hmm. + +The roots of this idea come from the Fisher equation that many are familiar with, which states that the nominal interest rate is equal to the sum of the real interest rate and inflation. + +r (nonimnal) = R (real) + inflation \* + +One of the most basic beliefs of economists is that if the central bank lowers nominal interest rate, inflation will increase and the real interest rate will decrease. But what if real rate of return is pretty much fixed in the long run meaning that no matter what the inflation rate is and what the central banks around world do, the real rate of return on safe short-term investments averages about 1-2% over the long run. The neutrality of money in the long run is widely known assumption in the economy world. + +That’s where Neo-Fisherism comes in play. The central bank may influence the real interest rate in the short run, but over time it will revert back to its equilibrium level. Then, in order for the equation to hold, inflation has to go down if nominal interest rates are kept at a low level. For example, let’s say that the fed funds rate (key rate of American FED) is 0.25%. if real rate of return on safe investments is 1%, the only way to get 0.25% nominal rate is to add a negative number, in this case inflation, -0.75%. Arithmetics. + +I find this theory interesting though experimenting with it as we can see may be “too risky”. On the other hand, Japan has struggled to lift inflation rates despite 20+years of money stimulus. We may add European countries like Sweden and Switzerland that had negative interest rates for many years despite QE policies. + +So, is it possible that the whole world has been following a “not so good” formula and Neo-Fisherists (including Turkish government) have their say or they are just purely lost? + +Also, what is your take on USD/TRY in the short term? Looks like macro factors are not looking good for TRY. + +\* + +(To those who do not really understand what this equation means. Imagine that your friend wants to borrow $100 from you and gives you a piece of paper saying that he will pay you back $100 + 10% interest 1 year later. 10% interest is nominal rate in this case. Imagine that inflation rate is 2% per year. Basically your real rate of return would be 8% as inflation eats that 2% (10% - 2%). if you sum 8% (real rate) with inflation (2%) you get nominal rate of 10%, which is exactly as I wrote formula above) +I’ve noticed recently that some people have been asking about “what to do next” after saving an emergency fund, or have just cleared debt and wanting advice + +The flowchart and wiki are a good starting point for anyone’s financial planning journey, but I thought I would post a more in-depth explanation about emergency funds to help people assess their own needs + +Now this is my opinion and what I say will not apply to everyone but hopefully this will help some people think about their own situation and help them set up an appropriate emergency fund for themselves + +Little disclaimer: None of the following is advice, it is purely for information purposes only and to serve as a prompt to think about this topic + +**What is an emergency fund?** + +An emergency fund is what it says, a fund to access in case of an emergency. What an emergency means depends on the person. A common example is if you lost your job, this will help cover expenditure until you get a new one. + +**Why should I have an emergency fund?** + +This is to cover any emergency or sudden expenditure you might need to cover. No one can predict the future, so by its nature you wouldn’t know you would need this fund until the event happens, then if you do not have the money to cover this, you may need to make a less than ideal financial decision. + +Examples include: + +· You lose your job and it takes several months to find a new one + +· Your car suddenly needs work and your insurance company do not offer a courtesy car, so you can use the emergency fund to cover your transport needs if needed + +· A boiler might break in the winter and you need to replace it + +· You get stranded abroad and need cash now to pay a plane ticket back home + +However, all these scenarios will have different price tags, with some being noticeably more expensive than the others + +**How much should I save for an emergency fund?** + +The rule of thumb is typically 3 to 6 months of essential expenditure. However, this does not mean 3 to 6 months would be enough, or it could be too much + +You will need to review your own circumstances and assess a few factors. Here are some questions you can ask yourself to assess what would be an appropriate amount: + +· If you are currently employed, what is the economic climate like at the moment? With your current job, do you feel you have decent job security or are there some issues that you are aware of with the company + +· If you were to lose your job, how quickly (realistically) would it take for you to get a new job + +This is important as if you are in niche industry or self-employed, it may take longer to get a new job to match your previous salary to keep meeting your expenditure. This means you should save as an emergency fund as much as you believe you would need to cover the X number of months to get a new job. This will help to ensure you do not have to rely on borrowing money, or using other assets in order to cover your day to day living + +· Do you have any financial dependents? Are your partner/children/family members reliant on you to cover expenditure? + +· How much of your expenditure could you cut if you needed to reduce your income? For example, any credit agreements where you are paying monthly payments, any services that have fixed notices or early exit fees that might apply, you might not be able to cut so would need to keep up these payments + +Some people could be in a position to take a lower paying job to meet essential expenditure so would not necessarily need as a high emergency fund. Some may also have family or friends that could help them if they do get into a tight situation, which will all factor into how much cash you should designate for this fund + +Some people may argue that holding funds as cash means you are losing out on possible growth you could gain from investing it. Holding funds as cash also means the “purchasing power” of the funds may decrease over time due to the effects of inflation. + +However, I would argue that you should not view your emergency fund as an “investment” but as a foundation on which you build your financial security. You should not view your emergency fund as a means to “combat inflation” but to provide a financial safety net in the short term for unforeseen events. + +No one is going to get rich from the potential growth from a few months of expenditure, but you may have to pay more than you would need to in terms of fees, interest on loans or other costs by not having funds available when you need them + +**Where should I hold an emergency fund?** + +This depends on your risk appetite – but with an emergency fund you should hold the funds in a cash or cash-like investment so that there is no risk of losing value due to investment risk + +It is common to recommend an easy access account, such as a savings account in order to hold these funds. The wiki also suggests holding the funds in NS&I premium bonds as an alternative account. + +However, I feel this should come with an important warning – you cannot access the funds in Premium bonds instantly. What this means is, if you were to hold your entire emergency fund as Premium bonds, you run the risk that in a very time dependent emergency, you would not be able to access these funds to cover the costs + +Several websites report that NS&I have said it can take up to eight working days for money to be transferred to your bank account. If you search online, you will also find stories of this taking longer due to administration issues, and less people working in the office etc + +This is important, as if you have a genuine “I need to pay this now” emergency and if you cannot access your funds held in Premium bonds, then this is not going to serve your needs as an emergency fund. + +The counter argument is, if you are holding funds in an instant access account to ensure you have flexibility of access for these funds, you will have low or potentially no interest rates so you will be losing out in potential “prizes” your funds could win if they are held in premium bonds. + +A compromise would be to have an emergency fund across more than one account. So, for example, say you have decided 6 months of expenditure would be an appropriate buffer, but you do not want to hold the full 6 months as cash. Instead, you could hold 2 months as cash, so that if any immediate need had to be covered you have the funds immediately available, and the remaining 4 months held in Premium bonds. + +This way, if an emergency arises, you could meet the need immediately and then submit a withdrawal from your premium bonds in order to top up your cash account. This means you shouldn’t be adversely affected if there was a delay to receiving the premium bonds funds since you have enough funds to cover yourself until your Premium bonds withdrawal arrives in your account. + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +I hope this post is helpful for people and please feel free to add any additional points or considerations in the comments. + +*Edit:* + +A couple of people have commented about using credit cards for small scale emergencies and then paying off the bill once you receive the funds from a “not instant access” account which holds their emergency fund/savings + +So to clarify a bit, I did not include the use of credit as an “emergency fund” in the original post since in my opinion, this option is not as equally or easily accessible for everyone + +If you have access to credit, for example as a credit card or arranged overdraft, you can use these products as a tool for financial planning for small scale emergencies and there are benefits to using credit cards (there are numerous articles online regarding this and a comment thread below with examples) but this post is not about credit, the post is trying to show the reasons why someone starting out could need an emergency fund and factors to consider + +The above post is not meant to be a “you have to arrange your emergency fund in this way” post, it is purely meant to help beginners (hence the title) try and arrange for themselves what would be an appropriate emergency fund for themselves and how to arrange this fund to meet their needs as there are posts from people asking about this topic + +If you already have an emergency fund that meets your needs, and you are able to use credit in order to cover small scale emergencies, then keep doing what you are doing as it meets your unique circumstances + +However, not everyone can or does have access to credit easily and if someone does not have an emergency fund to fall back on, or if for whatever reason delays occur during a withdrawal, this could see someone having additional costs which could have been avoided or reduced in severity if they had an emergency fund in an quickly accessible account + +If you decide that a week or a month notice is sufficient for you to meet an emergency, then use these types of account, but you should be aware of the potential risk of delays could arise if you choose to use a notice account + +I would like to also point out that none of the above is advice but just information as I said at the beginning of the post, I am not advising anyone to not invest into Premium bonds, just highlighting some points about this product so people are aware + +From my own anecdotal evidence from talking with friends, I know some people put “all their savings” into premium bonds leaving themselves no cash buffer at all in case something goes wrong, which again people can do (it is your money, you can do what you wish with it) but I wanted to help people realise some risks with this approach and a possible compromise (not to say the example is the only correct way to arrange an emergency fund, there are several different ways someone can arrange their funds and it is up the individual to decide what is appropriate for themselves) +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +Hi. I'm a reporter and I'm working on a series about Gen-Z and millennials financial struggles, particularly around using payday loans at the moment. I've seen a lot of posts about shortfalls between rent due and financial aid checks coming in, which I think is a huge issue we need to really spotlight. + +The first article published yesterday ([https://www.cnbc.com/2018/08/01/1-in-3-college-age-americans-consider-payday-loans.html](https://www.cnbc.com/2018/08/01/1-in-3-college-age-americans-consider-payday-loans.html)), but I'd like to talk to more folks who find themselves in these types of situations--college students who are balancing work and school in order to (hopefully) pay the bills, recent grads who are juggling loans, jobs and living expenses or folks who couldn't finish college but are trying to make it work. + +If that sounds like you and you're interested in sharing your story, please comment or send me a p/m. + +EDIT: Just wanted to update those who were interested. Here's the second article in this series: [https://www.cnbc.com/2018/08/14/millions-of-millennials-are-taking-out-risky-payday-loans.html](https://www.cnbc.com/2018/08/14/millions-of-millennials-are-taking-out-risky-payday-loans.html) Again, if you're interested in sharing your experiences, feel free to reach out! +Link to original post [here](http://www.reddit.com/r/Bitcoin/comments/1syu3h/i_lost_all_my_bitcoins_in_an_erroneous/) + +and the [transaction](https://blockchain.info/tx/a2d1e19331f4ea274079c94382560bbb4f32165ed647a33adad651a604e7caa2) + +While using brainwallet to send a transaction, I accidentally set my input to my whole balance ~20 btc and the output to the amount I wanted to send (~0.05 btc). I was unaware that the difference in these two fields is taken as transaction fees, but that's what happened, and my bitcoins were distributed to miners in the P2Pool. I realize I'm probably never gonna see these bitcoins again, but I also have this small irrational glimmer of hope that the internet will come through for me on this one, so if anyone who received my coins wants to send them back, my address is 1Jt35Ww1GjM9iGyTM8mAyBmCPPdPz7Z35A. + +Edit: I signed the address to verify that it is mine: +-----BEGIN BITCOIN SIGNED MESSAGE----- This is aliens_exist_1 of the 20 bitcoin tx fee sob story. I posted my story on reddit here http://www.reddit.com/r/Bitcoin/comments/1t1nvl/i_accidentally_sent_a_brainwallet_transaction/ -----BEGIN SIGNATURE----- 1Jt35Ww1GjM9iGyTM8mAyBmCPPdPz7Z35A G2GI3yhycdNoQqJQgFr+JvRsq2eSnNuKiLnRl5ZoD0JJpgBKPzKKA1JC9+uQRH1uMEg3webgh+tBQO/ihoSw4uc= -----END BITCOIN SIGNED MESSAGE----- + + +I decided to try trading on the stock market for the first time this week. I invested $30,000 in AMD and also took about $30,000 on margin (maximum allowed). I bought 10,000 AMD shares. The moment I bought them they started dropping and today they reached $5.42. It means I am down almost $5000. What should I do? Should I get out and accept the losses? Or do you think I should wait and hope it recovers back to $5.90? I am also considering getting rid of margin and selling about 5500 shares to cover it and then just wait until my part recovers. Any tips for a new trader? + +Edit: I am serious. Also $30,000 is half of all the money I have. + +Edit2: I decided not to sell and risk it all. + +Edit3: I sold it at $5.05, losing over $5000: http://i.imgur.com/amzQX.png +🚀 **Good Morning Everyone!!!** + +Here is an overview for things to look out for this week regarding GME. Pray that Automod doesn't nuke me again. + +🚀 **Option Chain Overview (As Of Close on Friday 3/19)** + + + +Strike | Calls ITM | Puts ITM | Buying Power (# of Shares) | Total C&P ITM | % Calls | % Puts | Spread +---|---|----|----|----|----|----|---- +170 | 5,881 | 6,400 | -51,900 | 12,281 | 47.89 | 52.11 | -4.23 +175 | 6,157 | 6,086 | 7,100 | 12,243 | 50.29 | 49.71 | .58 +180 | 6,324 | 5,810 | 51,400 | 12,134 | 52.11 | 47.88 | 4.24 +195 | 6,778 | 5,302 | 147,600 | 12,080 | 56.11 | 43.89 | 12.22 +200 | 7,998 | 4,252 | 374,600 | 12,250 | 65.29 | 34.71 | 30.58 +250 | 11,528 | 2,681 | 884,700 | 14,209 | 81.13 | 18.87 | 62.26 +300 | 16,747 | 1,118 | 1,562,900 | 17,865 | 93.74 | 6.26 | 87.78 +350 | 19,121 | 946 | 1,817,500 | 20,067 | 95.29 | 4.71 | 90.57 +400 | 23,057 | 799 | 2,225,800 | 23,856 | 96.65 | 3.35 | 93.30 + +**Pease note that this option chain will change as the week goes on. This is only a preliminary scan.** + +In order for the Option Chain to favor the HFs, they will want GME to get below 175 where more puts will be ITM than calls. + +The spread at 200 is more than double the spread at 195. If Hedge Funds can't get below 170, getting it below 200 is imperative for them as the spread begins to get out of hand. + +Total Calls and Puts ITM stays steady from 170 to 200, however that number begins to increase dramatically beyond 200. That difference is made up by a dramatic increase in Calls falling ITM. This means that a Gamma Squeeze may occur at around 250 and begin to compound if it reaches 300, 350, etc. + +*Source: TastyWorks* + +🚀 **Shorts Available Overview (As of Close on Friday 3/19)** + +Actual GME Shorts Available - 10,000 + +Effective GME Shorts Available through ETFs - 35,647 + +[ +ETF Data Part 1 +](http://puu.sh/Hr7UQ/cafaad22b2.png) + +[ETF Data Part 2](http://puu.sh/Hr7Vr/abd3aaf1dd.png) + +These are the numbers of shorts that HF's can borrow through interactive brokers that disclose their available shorts. This number does not represent the total number of shorts that HFs have that have not been placed in the market. This also does not represent shorts that can be borrowed from undisclosed locations. + +Looking at this data though, it seems that HFs are really low on ammo. The 2 million volume that we saw at the end of Friday might have been a good portion of their reserves. We will still continue to see attacks throughout the week, but it will be interesting to see how powerful those attacks are. + +Reminder that shorts need to be covered eventually. + +*Source: iBorrowDesk (Shorts Available), ETF.com (% GME Allocation in ETFs)* + +🚀 **Closing** + +This is the best data I have at the moment. I don't have access to a Bloomberg Terminal or any non-public information. I am not making any assumptions as to where GME will be by the end of the week. I am not telling anyone to make any sort of investment decisions. + +I am here to answer any questions and would be happy to discuss this data further. + +Thank you! + +Ape Together Strong +really what gives, what happened to the computer share sticky at the front of the sub Reddit? I still need to transfer the rest of my shares and wanted to go back and see the instructions for transferring from different brokers. I know I’m not the only one who is going to be looking for this, or worse not know it exists because they’re new. + +edit: you guys that are on new, do you realize that you might be a bit more gatekeepy and have more free time than the majority of people visiting the subReddit? +