diff --git "a/reddit_finance_43_250k_433.txt" "b/reddit_finance_43_250k_433.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_433.txt" @@ -0,0 +1,10000 @@ + +Should I be looking at getting a lower interest loan and then paying off the student finance instead? +My mam went bankrupt about 10 years ago due to being mis-sold a loan she couldn't afford to pay back by unscrupulous bank staff. She had a letter through the post from the insolvency service recently saying she was owed £10K as she was now discharged and all liabilities had been settled. We don't really know where this money has come from or why she's due it, but she needs it... Our best guess is it's a PPI refund (we thought she wasn't eligible for this being a bankrupt)? + +In any case, my mam is blind and on PIP and JSA - she is actively seeking work but obviously struggles, she hasn't had a job for going on 5 years now. We'd rather this amount didn't affect the benefits she's receiving, it would make a good nest egg in case she needed care or had an emergency in future. + +What would be the best way to squirrel this money away without affecting her day to day finances? + +Thanks in advance for any advice. +Probably 7/10 losses for me on average stem from the fact I am too impatient and not willing to wait for the perfect opportunity to place a trade from the fear that I may miss out on extra money. + +Missed out on so many amazing setups by refusing to wait that extra 5-30 minutes or so. +Hi everybody, +I take maybe 2-3 trades per day. Not many. For these trades I sit sometimes for hours in front of charts, some days I don’t even finde a single good setup. Is this normal? How is it for you guys? How long do you sit in front of charts, doing nothing? +I have made quite a few posts about day trading and how it is possible. Briefly, I started day trading at the end of 2007. I lost money for the first six years. My three biggest losing trades were between 15,000-30,000 dollars. One thing I have not posted a lot about is when you lose trade after trade. Today that was me. All but one trade were on the long side and the market was considerably up. + +I started with a losing trade and then a second and then a third. I honored all stops and was down roughly 175. I had a couple trades that made a little bit of money and then lost a couple more and went down to -280. After a couple scratch trades again, even as long as I have been doing this, it still can mess with your head. Why aren’t these working? They work any other time, but today nothing. Which brings me to my gamble. I call trading gambling when you break your rules. In this particular case the stock was MARK. It can be a very volatile stock. Meaning it can go up and down 5-10 cents in a second. The number one rule for day trading is capital preservation. If you cannot preserve your capital in a particular stock the way your rules say, you should not trade it. Period. But I am human and think maybe i get that 5-10 cents in my direction and get green. Needless to say I took the trade and it dropped on me right away. I lost another 400 bucks. A guy I trade with once told me, bad trading causes bad trading. That means if you’re not trading well, we can often take trades that we shouldn’t out of a form of desperation. I have skipped trading MARK countless times in the past but not today. So now I’ve made a bad trade after already trading “bad”. Of course that just messes with your head mentally even more. + +By 2 pm I was down 800 dollars after a couple more trades that didn’t work. The only trade I broke a rule on was MARK. Hoping a trade would work that I would normally skip. It accounted for half of my losses. One thing I personally never do is stop trading because I am down. If you have a strategy that is successful and has worked over a period of time, I personally never skip the set up because of my PnL. + +When you are down the desire is to make it all back in one trade. Don’t try to do that. You have to stick to your strategy and rules and keep pressing forward. One thing I do when things are not going my way is reduce my position size. It helps you feel less stressed if a trade isn’t working as well as builds your confidence back up when the trades start working. So at 2pm that’s what I finally did. At the end of the day I was still red. The market is up a considerable amount, I’m a primarily long biased trader and I still didn’t make a penny. This isn’t the first time it’s ever happened, and certainly won’t be the last. Always remember, you have to preserve capital, you do this by sticking to your rules. Today could have been far worse. + + +https://imgur.com/gallery/bISdDR7 + +Edit: I traded 21 different stocks today. I only made money or broke even in 8 of them. This is the importance of honoring your stop loss. +Hey, i am in £9000 debt and i have no clue how to deal with it. It all got worse because of COVID-19 aswell but even before then my debt just strarted to go up. I realize that it is my own fault but i have no idea how to deal with such debt and some advice that i got was to go "bankrupt" but i don't think this is the only option. + +Since i was 18 i had stable income but over the years i decided to leave my job and thats where things started to get down. I couldn't find a stable enough job so thats were a credit card come in handy, then me and my Girlfriend decided to move closer to her family and i took over £3000 pounds to cover all moving costs and living for some time but then covid hits and since then my debt is raising. + +We both have been living of Universal Credit since lockdown but after rent & bills we have no money for food or to pay anything off. + + + +(Sorry for any spelling mistakes, english is my 2nd language) +There's a very interesting article in today's Sunday Times (UK, probably paywalled) [Why money worries can be a fatal obsession](http://www.thetimes.co.uk/article/why-money-worries-can-be-a-fatal-obsession-sx8823hsl) + +From the headline you might think 'oh another story about unmanageable debt spiralling into depression and eventually suicide' but actually it's very different. + +The person concerned was well paid, as was his wife, and they had no debt. His money 'problems' came from an obsession towards saving, and knowing the exact state of his financial affairs (he would regularly ask his wife to check their current mortgage balance). + +His behaviour all sounds like things which we would commend in this sub, like maximising his tax-free savings allowance, putting away lump sums each month in savings accounts, taking his own lunch to work and seeking out the cheapest options for take-away coffee. + +On reading his diary his wife found he thought it note-worthy when he didn't get worked up about spending £5 on dinner at the convenience store on the way home from work. + +Despite seeking help he very sadly took his own life in 2011. + +I personally am a somewhat obsessive and depressive character, I've had several bouts of counselling and was addicted to gambling for a while in my teenage years. This article has got me wondering if seeking FI is just another form of obsession that can become just as damaging psychologically. + +Are there any trends people have seen and how do you stop FI/RE destroying the very thing it's trying to create, a better more enjoyable life? +In the process of building a [tool to compare coins](https://matchcoins.info/) by market cap (to estimate their potential), we ran into a problem of identifying comparable coins, i.e. competing projects. Therefore, we decided to categorize top cryptocurrencies by industry/field they operate in. +Categories file with 300+ crypto map is [here](https://matchcoins.info/300-crypto-map-matchcoins-info.pdf). + + +**Observations** + +After going through 300+ coins’ websites, reviews and sometimes even whitepapers, one by one, we’ve noticed a few issues: + +* There’s a lot of projects but only a small number of them solve real-world problems. There are so many similar projects without any use cases, or potential real users. +* Most coins aim to solve the same problems and focus on the same broad use cases. +* A large number of projects claim to be "better, faster, bigger, etc." yet fail to provide any sustainable competitive advantage +* With a few exceptions, the vast majority of blockchain platforms (Smart contracts and dApps) don't offer clear significant benefits against the established players. In addition, they don’t provide services that would help attract new users, e.g. helping them integrate users’ products into the platform, and they don’t suggest any other ways of how they will attract a critical number of users. This will likely result in a large number of zombie platforms serving small numbers of companies. +* Similarly, only top3, maybe top5 projects within each category should dominate, while the rest would struggle to attract users or cease to exist, unless they pivot to focus on specific small niches within their markets +* Many projects fail to clearly communicate what they actually do and why they exist, i.e. what are their benefits against competition. In some cases, we needed to really go deep into their whitepapers or even discussion boards to understand what they actually do. +* In cases when a project aims to solve a specific problem, it seems to have much lower market cap potential compared to crypto projects that are impossible to link to traditional companies or industries +* Top 3 categories of the reviewed projects: Finance (29%), Digital cash (21%), Smart contracts and dApps (16%) + + + + +**Categories** ([check the 300+ crypto map](https://matchcoins.info/300-crypto-map-matchcoins-info.pdf)) + +Categories are available on MatchCoins.info, currently as a feature of coin comparison. In addition, we’ve assembled all the top projects into a Crypto Map for you to see the big picture here. Enjoy! If you have any suggestions, we’d appreciate your feedback. + + + + +**MatchCoins.info tool** + +MatchCoins.info is a cryptocurrency comparison and research tool. Use it to: + 1. Estimate the potential of a coin by adjusted market cap and total/circulating supply + 2. Check coin’s major competitors and how they compare in relevant categories + + + + +**Disclaimer** + +The coins have been categorized based on our own research and opinions. Information is provided merely for informational purposes and cannot be treated as investment advice. + +Hello r/ETHTrader community! + +We hope that you’re enjoying the new banner! On behalf of the 0x Core Team, I’d like to invite all of the ZRX token holders in your community to participate in the first opportunity to vote with their ZRX to influence the development of the 0x protocol. + +The ZEIP-23 vote, which runs from February 18 - 25, is a proposal that adds the ability to trade bundles of ERC-20 and ERC-721 tokens via 0x. We hope that you’ll make your voice heard and join us in taking the first step towards truly decentralized governance of our protocol. + +• Cast your vote here: [https://0x.org/vote](https://0x.org/vote) + +• Learn more about the voting process here: [https://link.0x.org/How-to-vote](https://link.0x.org/How-to-vote) + +• Learn about ZEIP-23 here: [https://link.0x.org/ZEIP23](https://link.0x.org/ZEIP23) + +As a “token” of our appreciation for participating, all ZRX voters will receive a non-fungible token (NFT) in their Ethereum address. + +Happy to answer any questions about the vote in this thread or feel free to join the #ZEIPS channel on our [Discord Chat](https://link.0x.org/Discord). + +We look forward your participation! + +🗳️ #VoteWithZRX + +https://i.redd.it/qj50kywv6zh21.jpg +This has been confirmed by dozens of people, in dozens of location across the country. Several support requests have been submitted both to their website as well as their official twitter accounts. No requests for support have been answered, and there's no explanation as to whats going on or when a solution will appear. Nothing. Once again a reminder that if you don't hold your coins in an offline wallet, they're not really yours. +Partner and I are first time buyers looking to purchase a house. We are considering making an offer on a 4 bed (South East) for £390k with a 15% deposit. This is at the upper end of our budget. + +Mortgage wise we are looking at a 5 year fixed rate at 2.1%, which would give us monthly repayments of £1415. Our combined income is £100k. + +With inflation continuing to rise and interest rate rises to follow, I've been considering what the worst case scenario might look like when the fixed term would come to an end in 2027. + +My worry is that interest rates could be very high at this point and if house prices fall significantly as a result of this, we might end up in negative equity and not be able to remortgage on another fixed rate. + +For example, at the end of the 5 year fixed we would have around £277k left on the mortgage (without any overpayments). At a rate of 7% this would mean monthly repayments of £2148 which would be more of a stretch, especially as we want to have a child or two by this point. + +From these sums, the house would have to lose 29% of its value over the next 5 years to put us in negative equity, preventing us remortgaging or moving. + +Wondering if we should buy a smaller property for less money (around £325k) in order to have more wiggle room in 5 years? What would you do? +DOW JONES + Goldman (GS) – The investment bank’s co-head of equity trading, Paul Russo, is set to leave in the latest fallout of the run-up to David Solomon’s inauguration. (Newswires) + +McDonald’s (MCD) – The fast-food chain raises its quarterly dividend to USD 1.16 from USD 1.01, stating the dividend hike “reinforces” long-term confidence from management. (Newswires) + +Merck (MRK) – The pharma co. announced the European Medicines Agency has adopted a positive opinion on granting marketing authority for its two HIV-1 medicines, DELSTRIGO and PIFELTRO, they will now be considered for marketing by the European Commission; the drugs are also under review in Canada, Australia and Switzerland. (Newswires) + +Walmart (WMT) – The retailer has warned that its prices may rise for consumers across the board in food, beverages and personal care items after the implementation of Trump’s tariffs. It also announced it is considering new perks to attract employees, citing a tight labour market. (Newswires) + +S&P500 + AbbVie (ABBV) – The pharma co. announced that the European Medicines Agency granted a positive opinion on its leukaemia drug, VENCLYXTO. (Newswires) + +American Airlines (AAL) – The airline said on Thursday it would raise its US luggage price by USD 5 to USD 30 for the first bag and to USD 40 for the second one, citing higher fuel prices. (Newswires) + +AT&T (T) – The telecoms co. has recommended its shareholders to reject a mini-tender offer from Ponos Industries, who are seeking to purchase 14mln shares of the common stock. Elsewhere, the co. is revising its operating segments after its acquisition of Time Warner (TWX) to properly align the new co. structure; the new segments include Communications, Warner Media, Latin America and Advertising & Analystics. (Newswires) + +Consolidated Edison (ED)/Sempra Energy (SRE) – Consolidated Edison announced the acquisition of one of Sempra Energy’s subsidiary projects for USD 1.54bln, the project owns 981 MW of renewable electric production. (Newswires) + + Eli Lilly (LLY) – The pharma co. has received a positive opinion from the European Medicine Agency for its migraine treating drug, Emgality. (Newswires) + +E-Trade (ETFC) – The trading software co. has announced its CFO, Michael Pizzi, will move into the role of COO. (Newswires) + +Medtronic (MDT), Mazor Robotics (MZOR) – The medical equipment co. announced an agreement to acquire Mazor Robotics for a value of USD 58.50 per ADS or approximately USD 1.64bln. (Newswires) + +Michael Kors (KORS) – The fashion brand has named Andrea Pesaresi as its President of Men’s business, he previously served at Ermenegildo Zegna for 25 years. (Newswires) + +Northrop Grumman (NOC) – The aerospace co. announced the completion of its first qualification test of rocket motor in Atlas V. (Newswires) + +NASDAQ 100 + Alphabet (GOOGL) – CNN has reported that foreign government hackers have targeted the personal Gmail accounts of US senators and Senate staff, both Republican and Democrats, where the co. denied commenting if it was a successful hack. Elsewhere, according to internal co. emails, employees are proposing ways to tweak search functions to counter what they deem to be Islamophobic biased results; this follows Trump’s travel ban. (Newswires) + +Amazon (AMZN) – The tech giant’s live streaming service, Twitch, has reportedly been blocked in China, this comes just after Twitch downloads surged in the country. Elsewhere, the co.’s two-day Amazon Prime shipping is disrupting the retail industry as other names like Target (TGT) and Walmart (WMT) have had to become more competitive with their shipping options. (Newswires) + +Facebook (FB) – The co. plans to unveil its “Portal” video chat device, which has Amazon’s (AMZN) Alexa support, which will come in two screen sizes costing approx. USD 300 and USD 400. Elsewhere, a Business Insider investigation discovered that Instagram’s new TV service, IGTV, recommended videos of child exploitation, it took Instagram five days to remove the content. The co.’s Facebook Dating app has also began service, but only in Columbia. (Newswires) + +Tesla (TSLA) – The automaker’s VP of Global Supply Management is said to be resigning, yet another executive department from the firm. (Newswires) + +OTHER NEWS + BeiGene (BGNE) – The China based pharma co. presented the results on tislelizumab, an investigational anti-PD-1 antibody for patients with lung cancer. It showed that the drug was well tolerated and had antitumor activity. (Newswires) + +Sarepta (SRPT) – The pharma co. announced its Eteplirsen drug received a negative re-examination opinion from the European Medicines Agency. (Newswires) + +Sony (SNE) – The Japanese tech co.’s PlayStation Now console will now support the download of PS4 and PS2 games. (Newswires) + +Wabco (WBC) – The auto systems co. announced an agreement with the FAW Jiefang Automotive Co. in China for the joint venture of vehicle control systems to increase the safety and efficiency of vehicles. (Newswires) +About 5 months ago reddit user [u/dtanner](http://www.reddit.com/user/dtanner) wrote a [post]( http://www.reddit.com/r/Bitcoin/comments/1pj7yq/why_i_believe_were_on_the_cusp_of_the_3rd_great/) entitled “Why I believe we're on the cusp of the 3rd great Bitcoin bubble” + +It’s possible that u/dtanner was just lucky. Statistically speaking he probably was. Yet I keep going back to that post and that time of year when I consider what the next rapid price rise in the bitcoin currency will look like. Here is an update to some of his thoughts as well as some of my own. If I’m incorrect it is an unintentional mistake and I’m sure that the reddetectives will correct me on any mistakes. + +**Sentiment is in the dumps** + +This is no surprise. We’re still over 50% below the all time non-gox high of $1,163 on Bitstamp. When the price was rising it looked cheap at $900. When it’s falling it looks expensive at $450. That’s just markets. In fact, judging from the most recent comments surrounding the price action on r/bitcoin and r/bitcoinmarkets, a larger percent of people than ever believe that bitcoin is [going much lower](http://www.reddit.com/r/Bitcoin/comments/21jmuz/bitcoin_to_100_and_why_i_think_it_could_be_fair/) than today’s $470. People who were excited about bitcoin at over $800 are now thinking that it might go much lower than here. I think we are in the thick of despair. + +**Major payment processors are beginning to accept bitcoins** + +* [Square](http://thenextweb.com/insider/2014/03/31/square-now-lets-sellers-accept-bitcoin-storefronts) +* [Stripe (almost)](https://stripe.com/bitcoin) + +I know, I know. The new mantra extolled by despair-ridden r/bitcoin is “but merchants that convert to fiat increase selling pressure and drive the price down.” If you think that this isn’t made up for in terms of positive PR and free marketing of bitcoin you and I have different thoughts on the matter than myself. + +**Bitcoin ATMs are shipping all over the world right now** + +The distribution companies who are taking delivery of these ATMs have been working for months to get the proper licenses to set these ATMs up, develop marketing strategies and partnerships with storefronts to place these ATMs in desirable locations. + +**Institutional money is arriving in a really big way** + +Companies like Vaurum, Bitcoin Investment Trust, and the Winklevoss Index are bringing both the masses, banks, and investment firms the ability to purchase bitcoins in a regular. Fortress invested $20M of their $6B in bitcoin. If it starts rising expect other investment firms to pile in rapidly. + +**Clarifying regulation has arrived** + +The IRS ruling isn’t great on a micro level in terms of driving the price higher but it, combined with the near-advocacy of Benjamin Lawsky and treasury department in bitcoin have combined to create an environment where banks and investment funds are comfortable getting involved. + +**Mt Gox is closed** + +I’ll reserve judgement on this. If someone really stole 600,000 coins they could crash the price on every exchange to zero. Assuming that either the coins aren’t actually stolen (I think only one person knows for sure) or that if they are, the thief doesn’t plan to unload them on an exchange, the positive of a shady and untrustworthy company being removed from the bitcoin ecosystem is a net benefit. + +**Network is more powerful, Bitcoin more mature** + +Verbatim the same as u/dtanner’s post last time and this is really the whole point of this post and the way bitcoin grows. When bitcoin rose as a result of speculators in March/April and again in Oct/Nov 2013 three important things happened: + +* Wealth was created in the hands of those who held bitcoin +* People with money who didn’t own bitcoin suddenly learned about it and invested in both the currency and companies surrounding it. +* Problems with either the protocol or the infrastructure were identified and opportunities to mend them were created + +Now, 4 months after the last bubble “burst” the companies and entrepreneurs who identified problems and received funding 4 months ago are beginning to roll out their projects. I recently attended Coinsummit in SF and the number of new products entering or leaving beta testing is incredible. Multi-sig tech like Cryptocorp, colored coins, + +**Conclusion** + +Anyway, it’s a bit of a rant and I’m not purporting to know that “the bottom is in.” Any number of things can happen that nobody can predict. If tomorrow the US, EU, China, and Russia all banned bitcoin the protocol would still hold value for the people of X (Madagascar fishing villages, Senegalese pig farmers, etc) who are looking for a more efficient way to account for property. The market always wins and bitcoin will crush the competition in the long run. + +Personal plug in case you read this far: If you’re a bitcoin startup looking for funding please don’t hesitate to reach out to the [investment firm I started](http://www.cryptonaut.vc/) for the purpose of growing bitcoin startups. Right this moment, though, I can tell you I’m more inclined to hold btc than part with them at a $470 USD valuation. + +Hi all, + +I've got a full time job next year (woo!) on just over 60k/year - I'm just wondering if anyone has figured out what the best way to pay off HECS debt is? I'm pretty bad with numbers, but judging by the fact that it's indexed yearly, I'm sure there is a good way to do this. My HECS debt is about 25k. + +Let me know your thoughts! + +If this is the wrong place to post this my apologies! +for those of you familiar with my ``12 Days of Bitcoin'' experiment'' on BTV, you may have heard i called in sick yesterday, on Day 5. it wasn't cancelled, i didn't get busted on darknetmarkets, and i didn't sleep at Webster Hall thursday night (though it was awesome!). i did play 10 hours of Xbox One's ``Need for Speed: Rivals'' and i now have a Porsche 911 GT3! it rules. + +For those of you unfamiliar, I am a reporter from financial news station Bloomberg TV in New York, and last week i decided to buy a bitcoin and basically try and live off of it for two weeks. i should point out that, not only was i a total newb, but i literally do nothing on the web except tweet and google stuff about cars and motorcycles all day (aside from the obvious). and now i'm on Day 6! + +i have been paying for almost everything on bitcoin this week and it's actually been a breeze! i say almost, because the big-ticket items that are already connected to my fiat bank account like mortgage, car payment and phone bill are still going that route. but things like Gyft and foodler have made my life way easier, as have the people here at reddit and the guys i met at the meetup on thursday. + +this morning i bought a round-trip plane ticket to spain, and i'm about to go to a dogwalker who takes bitcoin to drop off steve, then to a (supposedly) BTC grocery in brooklyn, before getting beers at the EVR bar in manhattan. all bitcoin! (it's just so damn easy, i wish everyone would take it!) +[**This tweet**](https://twitter.com/aantonop/status/929547597592788994) seems to be stirring up a lot of controversy right now on Twitter, from a lot of people I'm typically on the same side as. + +I'm just going to quote the top level responses without bias: + +* Andreas, if you want to help Bitcoin, you need to call out the bad actors in this space. You can stay neutral if you want but understand that by doing so you are opting out of fighting the biggest threat Bitcoin faces. #antifragile + +* Ethereum isnt claiming it is Bitcoin and trying to steal its brand and confuse its users. + +* You're being naive. + +* We know you like to remain as PC as possible, and love to sit on fences. But seriously, this statement is naive as it is ignorant. + +* That is completely and utterly wrong. Ethereum and Bitcoin do not share the same POW algo. Single POW algos are zero sum in terms of a system actually being secure. + +* Have you not paid attention to http://Bitcoin[dot]com 's campaign to brand Bitcoin Cash as Bitcoin? They are confusing new users. + +* Unfortunately their goal is to destroy Bitcoin, not build a project. + +Now I don't want to misrepresent Andreas here but I think this tweet is interesting because it ***seems*** to take a side while at the same time come off as neutral. + +Notice how neither of the names go unchanged? + +>Bitcoin ***and*** Bitcoin Cash + +Notice how telling everyone to go back home and start doing real work must involve real developers actually doing some sort of real work? + +This isn't even about Andreas' stance anymore, this is mine: Are you really that concerned over a pumped up coin that has no foundation to it? + +[**Like 2X:**](https://hackernoon.com/this-is-bitcoin-who-are-you-to-tell-us-otherwise-8fc5966d4ac4) + +* Where are the droves of developers? + +* Where's the infrastructure? + +* Who's running these nodes? + +* Who's developing Lightning for BCash? + +* Who's running these decentralized LN Nodes if they ever manage to mirror the code they copied onto their bootlegged *"malleability"* fix that won't work like SegWit? + +He follows up with: + +>This is not even close to the biggest threat Bitcoin faces and I won't be feeding the drama, ***distracting from the important work that needs to be done*** + +When you can tell me who you think actually does all that important work, then you can probably tell me you're also no longer concerned about the current situation. +Saw the (probably coincidental) astronaut wallpaper post, and it made me think of something. We've been waiting for the announcement of major participants in GME Marketplace like Apple, Nike, etc. While it seemed like a moonshot (ha!) when I first heard the idea, it makes total sense. + +GameStop has no debt, is in the news constantly, has significant local & national distribution infrastructure, and rabidly loyal fans. Look at Razer. They made a toaster, based on a joke, because they *knew* people would buy it. There are multinational, multi-billion-dollar companies that don't have the same level of community activity we do. + +So: Why TF wouldn't you make NFTs for them? Why wouldn't you "test the waters" of the metaverse through them? Why wouldn't you access a totally new set of customers? There are gaming drinks, gaming clothes, gaming furniture, lights, toys, etc. You're getting massive free advertising and streamlined distribution. + +Then you look at who you're dealing with. It's not Amazon, or Tencent, or some venture capital, money-burning tech startup. It's a familiar, local, well-liked company with grassroots ownership. If your product fails, that's on GameStop and you lose very little. Doesn't hurt your brand, infrastructure is there, and the upside is big. It's the kind of deal you could make sitting in a meeting, rather than with an army of lawyers and actuaries. + +A great professor of mine described the only way of making a large corporation or populace move as, "Making it easier to fall off the log than stay on it. If you make it 'as easy as falling off', most won't do it because they are risk averse, and change=risk. So you have to make staying on riskier, and they'll jump off themselves." + +Ryan Cohen did this with Chewy. He knew it would only work if he made ordering there objectively better than Amazon. He's worked to make GameStop a low-risk partner. Partners have more to lose by *not* jumping on the GME Marketplace. Why would you need debt when it's a better option to work with you than not? Big brands aren't thinking about MOASS. They're seeing a good move, which means they'll make it. + +Why *wouldn't* they release an NFT Apple Watch wallpaper? Why *wouldn't* they want Nike shoes or an Adidas tracksuit in a metaverse game? Why *wouldn't* they want a 'storefront' in GMErica? These are assets they've 100% created already. Now you're telling them they don't have to host servers, build the infrastructure, process payments, or any of that? That's an easy yes, and based on fundamentals. + +I want MOASS, but I'm just happy to be invested with such a smart, well-run company. +Beginning of 2021 my dad asked to open an E*TRADE brokerage account under my name and social security number. I didn’t know much so I just said sure. Every now and then he gives me checks to deposit into my bank so he can fund the account. I do not contribute any money towards this brokerage account. +I have login access and everything and I was curious (because if tax purposes) and I was looking at the transactional history. +Everytime he makes a deposit, it looks like he withdraws it from an ATM casino (screenshots) and then proceeds to get a credit. I don’t know if this is weird or harmful for me. I’m not that familiar with trading stocks other than the basics, so I have no idea what’s going on. +Obviously I’m going to talk to him about it, but I want to at least go into it with context. + +Thank you! + +Update 1: + +Hi guys!! I appreciate everyone’s concern and input. My situation I described was pretty vague. Some points: + +-my dad is actively buying/selling UVXY (YTD $76.90 gain?) +-My credit is clean as of 12/15/2021 I know this because I has recently gotten a house and needed a full credit score check and the report was given to me +-my dad did have a gambling addiction (from my knowledge from my mom) and is paying his gambling debt because he opened a line of credit in the past from a credit union +-I give him the benefit of the doubt just because he’s never done anything, to screw me over in the past even when he was actively losing at the casino, BUT I realize opening an account under my open is SUPER SKETCHY. +-I’m not a freshly graduated college kid anymore and next year will be more personally responsible for my own finances which is why I caught this +-I do not give my dad any money nor does my mom because of the gambling history +-I only give my mom an “allowance” + + +UPDATE 2: I’m figuring out this a money market fund, cash equivalents. Strictly buying and selling EFTS (UVXY) hence the ATM withdrawals/ debit card from E*TRADE. The realized gains YTD is $75.37. +My dad says if there are any gain taxes he’ll pay me back. Regardless of that, I plan on telling me I’m closing the account because I don’t feel comfortable him trading under my name. +The ATM withdrawals only started happening around October and the account was created in February. +The transaction format, the block format, script operations are all designed to be upgradeable. The bitcoin protocol is not locked in stone, as some claim. + +BIP 16 (P2SH) demonstrated a "soft fork" network upgrade: https://github.com/bitcoin/bips/blob/master/bip-0016.mediawiki + +BIP 34 demonstrated a majority-lock-in block format change, exercising a decentralized upgrade process: https://github.com/bitcoin/bips/blob/master/bip-0034.mediawiki + +Bitcoin developers may let the ecosystem design interesting new features (hello, Ethereum!) and then incorporate them into bitcoin. + +Bitcoin is a living, growing, changing thing. + +Help a youngling out. I'm early on in my career, and I want to know what you did in your career that really paid off. + +Networking event that got you a job? A scary project that impressed the boss? Learn a skill that led to a career change? What actions did you take that led to improvements in your work life and (hopefully) income? + +So often in this sub we talk about increasing our income via side-hustles, but I want to know how you increased your income in your day job. + +EDIT: Also, did you make your career moves more aggressively after committing to FI? I know that I'd like to retire in 10-15 years, so I'm trying to move up that ladder ASAP. Is that a good strategy? + +(Also, mods I'm not sure if this qualifies as too personal finance-y. If it is, let me know and I'm happy to take it down). +What reasoning other than “everything is evil and there is nope” is there? + +Well, here goes: + +DoJ and SEC have been working together hunting naked short sellers among hedge funds and probing broadly into the market. + +These past 8 weeks of obvious manipulation has been officially commented on by the SEC as being unfair against retail and irreconcilable with a fair and efficient market, because investors of XRT shouldn’t be in a position where 5 other people already own their share of the ETF. This level of naked shorting and share re-lending is not in the spirit of the securities act. (Official statement by the SEC). + +Now what does that have to do with halting the trading of certain stocks for a while? Everything + +I believe DoJ found a SHIT TON of corruption, because they must know all we do on Superstonk and much more. + +They are about to pounce and arrest some of these financial terrorists. Maybe just scape goats, who knows. Freezing the trading of involved securities prevents them from cloaking their crimes retroactively and/or doing last minute damage to the markets on the way out. They are telling the public now so we don’t go crazy. They can’t say more, because they are about to storm the lairs of naked short sellers and aggressive stock manipulators. Fuck Hedgies. + +I understand the massive negativity surrounding the SEC. It’s been earned. I choose to believe that it’s in their best interest to excise the cancer in the system now. +This came as a shocker and bad news, EPFO earlier were allowing full withdrawal after few months of joblessness. + +[Link](https://indianexpress.com/article/business/epf-withdrawal-before-retirement-capped-at-75-per-cent-against-100-per-cent-earlier-5499621/?fbclid=IwAR3A3QHieT__Q_IbppF9DYljYm6pao_XnYtc7auHMfXKqIco8P5UpsImV5o) to the announcement + +1. Full withdrawal was very important for folks who were looking for early retirement(FIRE) as their debt allocation was mostly tied here. Now they have to take a hit of 25% +1. Full withdrawal was very important for folks who leave the workforce due to illness/disability. They are also hit. +1. (unknown)Would the interest generated for 25% be taxable at retirement? +4. (unverified) Heard that the plan is to merge NPS and EPF in future(office gossip over lunch) + +Your comments? +**Q1. Why is this scheme?** + +The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India remains a cash based economy hence the circulation of Fake Indian Currency Notes continues to be a menace. In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced. + +**Q2. What is this scheme?** + +The legal tender character of the notes in denominations of ₹ 500 and ₹ 1000 stands withdrawn. In consequence thereof withdrawn old high denomination (OHD) notes cannot be used for transacting business and/or store of value for future usage. The OHD notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India or at any of the bank branches or at any Head Post Office or Sub-Post Office. + +**Q3. How much value will I get?** + +You will get value for the entire volume of notes tendered at the bank branches / RBI offices. + +**Q4. Can I get all in cash?** + +No. You will get upto ₹4000 per person in cash irrespective of the size of tender and anything over and above that will be receivable by way of credit to bank account. + +**Q5. Why I cannot get the entire amount in cash when I have surrendered everything in cash?** + +The Scheme of withdrawal of old high denomination(OHD) notes does not provide for it, given its objectives. + +**Q6. ₹4000 cash is insufficient for my need. What to do?** + +You can use balances in bank accounts to pay for other requirements by cheque or through electronic means of payments such as Internet banking, mobile wallets, IMPS, credit/debit cards etc. + +**Q7. What if I don’t have any bank account?** + +You can always open a bank account by approaching a bank branch with necessary documents required for fulfilling the KYC requirements. + +**Q8. What if, if I have only JDY account?** + +A JDY account holder can avail the exchange facility subject to the caps and other laid down limits in accord with norms and procedures. + +**Q9. Where can I go to exchange the notes?** + +The exchange facility is available at all Issue Offices of RBI and branches of commercial banks/RRBS/UCBs/State Co-op banks or at any Head Post Office or Sub-Post Office. + +**Q10. Need I go to my bank branch only?** + +For exchange upto 4000 in cash you may go to any bank branch with valid identity proof. + +For exchange over 4000, which will be accorded through credit to Bank account only, you may go to the branch where you have an account or to any other branch of the same bank. + +In case you want to go to a branch of any other bank where you are not maintaining an account, you will have to furnish valid identity proof and bank account details required for electronic fund transfer to your account. + +**Q11. Can I go to any branch of my bank?** + +Yes you can go to any branch of your bank. + +**Q12. Can I go to any branch of any other bank?** + +Yes, you can go to any branch of any other bank. In that case you have to furnish valid identity proof for exchange in cash; both valid identity proof and bank account details will be required for electronic fund transfer in case the amount to be exchanged exceeds ₹4000. + +**Q13. I have no account but my relative / friend has an account, can I get my notes exchanged into that account?** + +Yes, you can do that if the account holder relative/friend etc gives you permission in writing. While exchanging, you should provide to the bank, evidence of permission given by the account holder and your valid identity proof. + +**Q14. Should I go to bank personally or can I send the notes through my representative?** + +Personal visit to the branch is preferable. In case it is not possible for you to visit the branch you may send your representative with an express mandate i.e. a written authorisation. The representative should produce authority letter and his / her valid identity proof while tendering the notes. + +**Q15. Can I withdraw from ATM?** + +It may take a while for the banks to recalibrate their ATMs. Once the ATMs are functional, you can withdraw from ATMs upto a maximum of ₹2,000/- per card per day upto 18th November, 2016. The limit will be raised to ₹4000/- per day per card from 19th November 2016 onwards. + +**Q16. Can I withdraw cash against cheque?** + +Yes, you can withdraw cash against withdrawal slip or cheque subject to ceiling of ₹10,000/- in a day within an overall limit of ₹20,000/- in a week (including withdrawals from ATMs) for the first fortnight i.e. upto 24th November 2016. + +**Q17. Can I deposit withdrawn notes through ATMs, Cash Deposit Machine or cash Recycler?** + +Yes, OHD notes can be deposited in Cash Deposits machines / Cash Recyclers. + +**Q18. Can I make use of electronic (NEFT/RTGS /IMPS/ Internet Banking / Mobile banking etc.) mode?** + +You can use NEFT/RTGS/IMPS/Internet Banking/Mobile Banking or any other electronic/ non-cash mode of payment. + +**Q19. How much time do I have to exchange the notes?** + +The scheme closes on 30th December 2016. The OHD banknotes can be exchanged at branches of commercial banks, Regional Rural Banks, Urban Cooperative banks, State Cooperative Banks and RBI till 30th December 2016. + +For those who are unable to exchange their Old High Denomination Banknotes on or before December 30, 2016, an opportunity will be given to them to do so at specified offices of the RBI, along with necessary documentation as may be specified by the Reserve Bank of India. + +**Q20. I am right now not in India, what should I do?** + +If you have OHD banknotes in India, you may authorise in writing enabling another person in India to deposit the notes into your bank account. The person so authorised has to come to the bank branch with the OHD banknotes, the authority letter given by you and a valid identity proof (Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff) + +**Q21. I am an NRI and hold NRO account, can the exchange value be deposited in my account?** + +Yes, you can deposit the OHD banknotes to your NRO account. + +**Q22. I am a foreign tourist, I have these notes. What should I do?** + +You can purchase foreign exchange equivalent to ₹5000 using these OHD notes at airport exchange counters within 72 hours after the notification, provided you present proof of purchasing the OHD notes. + +**Q23. I have emergency needs of cash (hospitalisation, travel, life saving medicines) then what I should do?** + +You can use the OHD notes for paying for your hospitalisation charges at government hospitals, for purchasing bus tickets at government bus stands for travel by state government or state PSU buses, train tickets at railway stations, and air tickets at airports, within 72 hours after the notification. + +**Q24. What is proof of identity?** + +Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff. + +**Q25. Where can I get more information on this scheme?** + +Further information is available at our website (www.rbi.org.in) and GoI website (www.rbi.org.in) + +**Q26. If I have a problem, whom should I approach?** + +You may approach the control room of RBI by [email](publicquery@rbi.org.in) or on Telephone Nos 022 22602201/022 22602944. + +[RBI Link](https://rbi.org.in/Scripts/FAQView.aspx?Id=119) +Share your opinions, experiences here. There have been many posts against them, but I wanted to see everyone's consensus. I mean, if one CAN afford to take a little bit extra risk for a little more return, why not? + +I am invested in Faircent since 2018. While EMI payments stopped to me during the Moratorium, I lent to three people - one paid back completely, two are still pending. I get about 400 per month, loan on schedule to be cleared completely in the coming months. + +What I don't like is Faircent commissions and fees, minimum withdrawal to be Rs 500 and minimum amount to be deposited for investment as Rs 5000. + +Maybe if I'm earning net discretionary (not disposable) income Rs 1 lakh a year I would invest upto 5000 every month. + +What would you all do? + +Note that there are other P2P operators like i2i and others, I don't remember their names. + +For those who'd like to read about it: https://www.investopedia.com/terms/p/peer-to-peer-lending.asp +I want to keep my wealth aggregator (Kuvera) updated on a daily/weekly basis, particularly with my equity stock investments. + +The issue is that other than a handful of brokers: + +1. Zerodha +2. Upstox +3. Alice Blue +4. Trustline + +Kuvera does not support a direct integration & retrieval of holdings in real-time with any other broker. For all other brokers, there is an "Other" option, [which involves uploading a CAS](https://kuvera.in/portfolio/stocks/import-stock/upload-cas) (consolidated account statement) sourced from either NSDL or CDSL. + +Now, I receive the monthly NSDL CAS in my registered email inbox (roughly 20-25 days post the month end), but that is clearly not very up to date. + +I have also signed up for the [NSDL IDeAS portal](https://eservices.nsdl.com/) as recommended by Kuvera, but that seems that it only provides an SOH (statement of holdings), and not the CAS format on demand that would allow me to update my stock holdings on Kuvera. The only downloadable CAS there also is the month-end CAS. + +So, the question is, how to keep the stock holdings on Kuvera up-to-date? + +This question is motivated by the need to keep my wealth aggregator updated frequently, and I wanted to understand if it is possible to get the NSDL or CDSL CAS on demand, or indeed if there is any other way to keep stock holdings on Kuvera frequently updated, even without the CAS for brokers that Kuvera does not directly support. + +Thanks. +Greetings everyone, + +I am a design student trying to redesign the EPFO website to make dealing with Provident funds more intuitive and wanted to understand how this works as I've never dealt with it before. + +So from my research and understanding I've learnt that 12% of the base pay goes to the PF account and is done by the employer. I've read somewhere that employees can voluntarily contribute extra if they wanted but wasn't able to find a way to do this on their website. + + +I've also looked up UAN, EPF number, Jeevan parman no and was lost to see that here's so many numbers....I've heard of something called a LIN number replacing all of the above. + +So I've two questions: + +1. Is it actually possible to increase your PF as an employee? If so, is it beneficial and how can one go about doing so? +2. Would the govt be able to consolidate all these different ID's from different portals and have one LIN number for all of them? If so how soon can this happen? + + +Is there anyone who's had trouble dealing with the website? If so I'd love to hear what went wrong for you. + +Thankyou. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +Hi, + +HEG and Graphite India make Ultra High power electrodes. Right now the industry is in a boom because of high demand experienced by the industry. A lot of steel mills are being converted to Electric Arc Furnaces in Chine owing to their environmental regulations. I analysed the situation of the Industry and it does seem that the 'bumper' revenue being earned by the companies would sustain atleast for the next 1-1.5 years. based on that their EPS would come to about 900 for HEG and 260 for Graphite India. + +The problem is that I came across these counters too late and now they're already risen 4x-7x. I feel their intrinsic value is slightly higher however I would have a razor thin margin of safety if I go ahead at the current levels. Should I wait for them to correct 10-15&#37; or go in right now? What are your opinions? +Since recently opened an account with Zerodha, I have been receiving SMSes with stock tips. The tips are usually for buying Funny Software stocks in bulk. I am assuming it's a pump and dump scheme. But what baffles me is how did these scamsters get my phone number. Only Zerodha and my bank (if they go through my account statement) would know that I am investing in stocks. Any ideas? +He does not requires a intro, a well articulated and straight talk, no nonsense guy. He runs http://subramoney.com + +His latest advice +https://www.youtube.com/watch?v=-0GTwGVUInY&feature=youtu.be&t=465 + +Why all experts are turning into index funds, I see it with +freefincal prof pattu, Subra ji, eightytwentyinvestor(arun) , financialsafari's roy. Any Ideas? +So the reason why FD is not something that is suggested is because it doesn't beat inflation and only provides 6.7% returns, although safe. + +At small amount, it does not help but what about a big amount like 6cr put in as 1cr/6banks. + +Checking on ICICI FD calculator - Each Rs99,999,99 would net me 6,92,279/- Per year. X6 = 41Lakhs 53 thousand. + +Minus taxes(15%) = 35 Lakhs + +I would say 35 lakhs is a really good amount yearly to spend and retire on in my lifetime. Ofcourse I don't even have to take out all my money and reinvest heavily as well . + +This is just what I day dreamed today, but would love to know what you guys think. + +And ofcourse you can do better by investing and stuff, my **THINKING** is for taking no risk and still ensuring good future. Basically get free money without having to worry about the market or keeping a tab on it.. + +Edit: a lot of you guys are talking about 6cr being more then enough to last a lifetime.. But I feel like I can burn through 6cr in 20 years easily. Whereas I can put it in fd now and enjoy absolutely amazingly from next year onwards without ever having to worry about losing that 6cr. Know what I mean? Your one deposit becomes a way to support you for life while still being yours. +Hi + +I am fairly new to investing. I have seen everyone suggesting index mutual funds above everything else. So I was trying to compare uti nifty with other instruments. +[with Tata Digital Fund](https://i.imgur.com/EESkrAo.jpg) + +[with TCS](https://i.imgur.com/3k56RjI.jpg) + +Are there some other factors that we have to consider while comparing Mutual Fund returns? +Can you guys help me understand how nifty 50 index funds beat every other funds in long run? +Ps - i am a newbie. +This is inspired from post on r/investing \- [https://www.reddit.com/r/investing/comments/9khicm/one\_year\_ago\_rinvesting\_was\_asked\_about/](https://www.reddit.com/r/investing/comments/9khicm/one_year_ago_rinvesting_was_asked_about/) +What is going on with India's solar power industry? Seems elusive at best. + +Indosolar dropped 11.11% on Friday even with the corporate tax cut. They are the largest PV manufacturer in India but have lost 81% year to date. I understand markets have been correcting all year but the drop in stock price indicates inherent problems. Other players in the industry such as Websol are not fairing any better. + +This is contrary to information and news online: + +\- *Total renewable power investments topped those in fossil fuel-based power for the third year in a row. -*[WEForum](https://www.weforum.org/agenda/2019/05/india-is-investing-more-money-in-solar-power-than-coal-for-first-time) + +\- *India achieved solar power target 4 years ahead of schedule -*[ET](https://economictimes.indiatimes.com/small-biz/productline/power-generation/india-achieved-solar-power-target-4-years-ahead-of-schedule-dst-advisor/articleshow/71078461.cms) + +[India Ratings and Research](https://www.thehindubusinessline.com/economy/india-ratings-assigns-stable-to-negative-outlook-for-power-sector/article29439175.ece) maintained it's ratings for thermal power as 'stable-to-negative' while renewable power, solar and wind, earned a stable outlook for the remaining FY20. Solar was downgraded from 'positive' to 'stable': + +*"Revision in rating outlook (for solar) stems from resurfacing renegotiation fears and continued delay in payments from some of the off-takers."* + +The ratings agency currently sees more potential in renewable than in nonrenewable energy yet PV manufacturers are struggling. Who is making money? +Anyone with a Zerodha account willing to [test connecting](https://stockflare.com/portfolio/link) it to Stockflare? + +* In the US we've got Fidelity, Schwab, TD, Robinhood users connecting to Stockflare. +* Zerodha's our first integration in India and internationally. + +Why? + +* Get our analytics on your actual portfolio +* Receive our smart alerts +* Trade from within Stockflare + +Really appreciate anyone with an account testing the site out and letting us know what bugs they spot. + +To say thanks, I'd love to give 5 Reddit Golds :) away. + +EDIT: and if you'd like the background on what Stockflare is about, best start at our welcome page: https://stockflare.com/$/landing +He does not requires a intro, a well articulated and straight talk, no nonsense guy. He runs http://subramoney.com + +His latest advice +https://www.youtube.com/watch?v=-0GTwGVUInY&feature=youtu.be&t=465 + +Why all experts are turning into index funds, I see it with +freefincal prof pattu, Subra ji, eightytwentyinvestor(arun) , financialsafari's roy. Any Ideas? +Wondering if anyone has insights or close up observational analysis regarding the impact of current Covid spike on Real Estate market. Especially on Metros such as Bangalore, Mumbai, Hyderabad etc; +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +There's a reason PayPal takes longer, costs more and occasionally freezes funds. As fun as it is to hate on them, everyone getting refunds from BFL should remember this next time they start spewing the standard hatred that comes up on this sub. Consumer protection isn't free. +Hi all, + +I've just had an offer accepted on a house, assuming all goes well I'll be moving in there soonish along with my girlfriend. + +She'll be paying me a notional "rent" (probably the same as we pay now, definitely less than half of my mortgage payment) each month. Along with her share of bills. + +What do I need to know that I'm not currently aware of? Are there tax implications? HMRC paperwork? Should we both sign some sort of notional lease? Obviously I want to make it clear that this is rent and not a shared mortgage (maybe one day, but we're not there yet). +**Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.** + +*** +- + +###Disclaimer: + +Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. + + +**Please be careful about what information you share and the actions you take.** Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. + +*** +- + +###Rules: + + - All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply in this thread. The prior exemption for karma and age requirements is no longer in effect. + - Discussion topics must be related to cryptocurrency. + - Behave with civility and politeness. Do not use offensive, racist or homophobic language. + - Comments will be sorted by newest first. + +*** +- + +###Useful Links: + + - [**Beginner Resources**](https://www.reddit.com/r/CryptoCurrency/wiki/beginner_resources) + + - [**Intro to r/Cryptocurrency MOONs 🌔**](https://www.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) + + - [**List of MOON proposals that have been implemented**](https://www.reddit.com/r/CryptoCurrency/wiki/moon_proposals) + + - [**rCryptoCurrency Discord**](https://old.reddit.com/r/CryptoCurrency/comments/kth255/join_the_crypto_currency_discord/) + + - [**r/CryptoCurrencyMemes**](https://www.reddit.com/r/cryptocurrencymemes) + + - [**Prior Daily Discussions**](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A"Daily+Discussion+-+"+&restrict_sr=on&sort=new&t=all) + + - [**Monthly Skeptics Discussion thread**](https://www.reddit.com/r/CryptoCurrency/comments/mhj2sb/monthly_skeptics_discussion_april_2021/) +I’ve recently become the sole shareholder of a company whose sole asset is a hotel in Morocco. The place is absolutely beautiful, sits on 2.5 acres, with 2 large pools, stables, hammam, 32 rooms in total, but separated into 10 suites with 1 or two bedrooms each, living rooms, etc. The villa has extensive kitchen and dining facilities and most of the suites are in bungalows surrounding the villa. The suites don’t have kitchens of their own, as dining was done in the big house. There are other small buildings on site such as the guard/gate house, gym, spa, etc. The neighborhood is really nice, with Yves Saint Laurent having owned and lived at a similar villa just a few minutes away. + + +Here’s the question… I live on another continent, with no direct flights to this place. Minimum flight time with layovers is 14 hours. Happily and firmly rooted where I’m at with my family. The previous owner made the mistake of thinking he could manage the hotel from across the ocean and the management and staff walked off. The place was locked up, retaining only an on-site security guard and a gardener who kept the place from being cleaned out or turning into a jungle. + +The place has been untouched for 3 years now and the pool walls have cracked, paint chipped, as well as other issues from not cooling in summer or heating in winter or damp seasons. I’ve gotten an estimate of the equivalent of $200k to bring the place up to speed again, including installing a solar system and other passive energy options. How do I move forward? + +I’m cash poor and won’t be able to get a loan in my home country against a foreign property as collateral. + +I’m not keen on selling the place. What are my options for a capital raise? Do I time share some of the bungalows, using the front end cash to renovate? AirBnB? Partner with a hotel operator? Anyone with similar experience who can share their successes and screwups? Thanks in advance! +Closing on a new primary residence in March and looking at different income generating options. + +Property -> [https://i.imgur.com/ANLUEhk.jpg](https://i.imgur.com/ANLUEhk.jpg) \- [https://i.imgur.com/HQxRipB.jpg](https://i.imgur.com/HQxRipB.jpg) + +Option 1 - basement is currently unfinished (approx 1k sq ft) with no separate entrance. Finishing into 2 bedroom "in law" suite with separate entrance at the side of the house. Cost to complete $50k-75k depending on many factors. Could rent for $1500-2000/month or $150-300/night on airbnb. + +Option 2 - tiny house/dome experience at the back of the yard. Cost to complete $15k-30k. Could rent for $200-400/night. (neighbour built a tiny house that they're using as a cabana/sleeping area for their kids.) + +Extra info - rental shortage in my area \~45 mins outside of Toronto. No tinyhouse/dome experiences within 40 mins or so of the property. + +Please recommend the best option and why. + +Thanks for your feedback! +pretty much i read how 100$ a door is the goal, but i could buy a 300k triplex like i could buy a 600k triplex. in both cases because of the taxes and other expenses, both could be making the same cash flows, ex 300 a month. + +what ratios do you use for this? + +just when analyze properties here, i find that the price are calculated to offer minimal cashflows that are similar when you buy cheap or expensive. + +it just seems better to buy the cheaper 300k triplex making the same cash flows as the more expensive 600k triplex in a better area. + +seems like i could buy 2 cheaper one's and make 600 a month vs the better situated one. +pretty much i read how 100$ a door is the goal, but i could buy a 300k triplex like i could buy a 600k triplex. in both cases because of the taxes and other expenses, both could be making the same cash flows, ex 300 a month. + +what ratios do you use for this? + +just when analyze properties here, i find that the price are calculated to offer minimal cashflows that are similar when you buy cheap or expensive. + +it just seems better to buy the cheaper 300k triplex making the same cash flows as the more expensive 600k triplex in a better area. + +seems like i could buy 2 cheaper one's and make 600 a month vs the better situated one. +[Here's a rough calculation of my monthly and annual net income](https://imgur.com/IfFGIcR) + +So in my other [thread](https://www.reddit.com/r/realestateinvesting/comments/c8w2rz/what_can_i_realistically_do_with_5000/) yesterday I was wondering I could do in REI with just $5k but from your guys' input, I feel like I need to save more money and educate myself more while I wait. + +My goal is to save enough to get into real estate investing and eventually replace my 9-5 income with rental income. I currently have $5k sitting in my checking account doing nothing. Others have suggested putting that into a high yield savings account while I save an extra 15-20k for down payment of real estate. + +As you can see, I have maybe about $1.1k left over after expenses. Should I move all of that into the HYSA every month with my 5K? or should I split it where 500 goes to a ROTH IRA and the rest to the HYSA? + +Or just move it all to a HYSA and get into real estate quicker? + +Any other routes you guys can think of I can take? + +At this point I'm 34 and single and I feel like I'm starting way too late in investing my money. The only thing I've got is contributing to my company's 401k and ESPP plan. + +I also have an HSA with $750 sitting in it but I'm not sure what to do with that. +Per the title, is that normal? If so, how do other people end up building real estate empires of multiple properties without running into that issue? "Creative financing"? +Let's say I have a house that currently appraises around $700-800k USD in a desirable Southwestern retirement location. What sort of touches can help improve the sale price and give the impression that the buyer is looking at a high-end house? I am thinking things like wood-look garage door, tile flooring, natural wood doors, plank ceiling. +8 units across 2 buildings. 4 units each. +5 two bedrooms and 3 one bedrooms. + +Seller wants 1.2 million $. + +All heat is electric and Tenant’s responsibility. +Hot water is included. $1200/yr. +electricity is separate. + +Gross rent $10,800 +Piti $7700/mo +Grass/snow $1800/yr +Maintainance $500/mo +Taxes $17,000/yr + +I see this cashflowing $2100/mo. + +What do you think? What numbers am I missing? +Thank you + + + +Private septic and private water. +I am going through my first rehab now and it’s so weird when you look at photos of beautiful places and look at your place and say “what am I doing differently here”! + +Anyways, I’ve painted the walls of the bedrooms white, installed recess lights, installed new windows, and replaced the carpet. However, it still doesn’t look like the photos of other remodels. I’m looking at my place and I’ve come to the conclusion that the dry wall is what is making it look different. I’m really imaging the place come to life if it had smooth, straight, new dry wall attached. + +What’s weird is I never hear people talk about dry wall as a big difference maker when renovating. It’s always lights, floors, cabinets, paint, etc. Those make a big deal, but I keep thinking that having smooth dry wall really makes a place look clean. + +Thoughts? +Looking for a rental property in greater los angeles and the only thing that can see some positive cashflow are townhomes with HOA ~$250. Is it too risky to buy something with an HOA? Can they just wake up one day and say no more rentals? +Hello. I am currently in my third year of college, so thinking about what career path I want to fully pursue has been on my mind. My father has a ton on connections in the real estate investment industry (from college) and he set me up to go and shadow a friend of his for a week or so. The only problem is I don't know much about the details of the industry. The person I am shadowing is a good family friend of ours and I've known him my whole life but I still want to make a good impression on him and his employees during my time at the company. + +Are there any good (preferably free) sources to learn about the ins-and-outs of real estate investment industry? I only have about a week or so to learn as much as I can, which I know isn't enough to learn a ton, but I'm willing to devote 7-8 hours per day until I fly out. His business is commercial real estate to be more specific. Sorry if this post isn't this what this sub is for but I thought it would be a good place to start. If I didn't include any necessary info in this pleas lmk below and i'll specify. Thanks in advance! +I am curious for those who house hack or invest in general. Is there a limit to how much debt you can have or is it relatively limitless based off of your cash flow leverage? +So I’ve been reading biggerpockets and it seems like everyone and their mother is trying to house hack their first property. + +This sounds like a good idea in theory but one thing I’ve noticed is that a lot of people who are successful in house hacking live in the Midwest. + +It seems like for someone who lives in a coastal city, rent hacking and investing out of state is a much better solution to reducing housing costs. + +For example, I found a triplex where I live for $325k that will rent for $3500 per month assuming all units are occupied by renters. The cash on cash return on a place like this will be 13-14% after all expenses are accounted for (assuming I buy with 5% down and move out after a year). If I were to live in this property I wouldn’t be paying any rent. + +On the other hand. I can also rent a 4 bed apartment where I live for around $1900 per month. If I sublet out three of the rooms for $600 each I would only be paying around $100 per month in rent. This is a real property and the owner is okay with me doing this. In this scenario, I could use my cash to buy a rental out of state in the Midwest where I could do better than 13-14% cash on cash. + +Assuming a person only cares about cash flow and is not investing for appreciation why would they not choose the rent hacking option? + +Any feedback you could prove would be appreciated. Thanks! + +Edit: to clear up any confusion. I’m commenting from the perspective of someone whose number 1 goal is financial independence. I don’t care about the temporary quality of life issues involved with having a roommate. +I owe about $360,000 on a home worth $850,000. It’s a lot of home equity that I’d love to be able to put to use. I’m wondering if an investment property might be the way to go? +Living in Texas. I closed on my first duplex. The overall process seemed very complex and disorganized compared to mortgages I’ve done in the past. Especially since I intended to live in one half of the duplex and rent the other side which seemed to create confusion. I also switched jobs last year and got a big raise and promotion at the beginning of this year (which was anticipated when initially hired on). Closing went smooth, keys in hand, everyone was paid, and I started moving in. But now a week later they’re asking all sorts of questions about switching jobs last year and asking me to resubmit documents they should already have. They said it was the investor buying the loan who needed this information. Seems odd because that’s never happened before after closing. Is this normal? It was such a stressful process getting this duplex that I almost want to just ignore them now. +Only been in crypto for two years. At first I invested in all sorts of coins and slowly, as I spent more time researching and learning, began to narrow it down. But the one I keep coming back to, and the one in which my conviction continues to strengthen, is BTC. It keeps weathering storms and coming back, and it's the most truly decentralized coin I know. + +All the recent stuff with LUNA has also swayed me toward BTC. + +I don't think I will ever be a pure 100% BTC maxi. I invest in BTC, ETH, and the Cosmos ecosystem, but the percentage of BTC in my portfolio continues to grow (about 75% now), and it's the one I feel most secure investing in. + +I know I may lose out on some coins that go to the moon far more quickly, but I'll also miss out on the many more coins that promise the moon yet hardly make it off the launching pad. + +Edit 1: just want to clear up a misunderstanding in a few comments assuming I've lost big on other coins and am now coming to BTC as a reaction to that. Thankfully, I haven't lost big in crypto thus far. It's been a pretty good and I've loved learning about it. I'm just fine tuning my investment strategy to my comfort level. +TL;DR: + +GME has completed its 0.786 Retracement from the peak of its June impulse wave. This signals a change in trend, and confirms that Fibonacci Signals can be used to detect trend reversals on a macro and micro scale. + +**Introduction**: + +Most people in this sub have certainly heard of Elliot Wave Theory by now. Many of us smooth brained apes probably have little understanding of how to use this strategy of technical analysis to make estimates about our favorite stock. However, it is very commonly used by day traders, swing traders, and algorithmic traders to make educated predictions about future price movements. Because of its popularity, many of the traders who don't rely on EWT for trading, still learn to recognize EWT and Fibb signals in order to form an understanding about the retail trading tendencies. + +All of this boils down to the fact that: the price is manipulated beyond belief, but the fake price we all see is still responding to trade signals! We all know that we have some institutional investors and whales that are Long on GME (Blackrock), and we know that they are using some sort of TA to make their risk calculations. Meaning, these large investors have a plan where they want to enter and exit this trade, and they didn't pull these numbers out of their tushies (shout out to u/Rick_of_Spades). + +**Volatility**: + +When a security is volatile, we have a different set of indicators we look for to tell us when a trend is changing. Normally, the 0.618 number is a very strong level, which pulls the price toward it several times throughout a cycle. However, when we observe an extra volatile security (GME), the level we look for is the square root of 0.618, which is 0.786. this 78.6% retracement is what we reached today: + +&#x200B; + +[Gaps in Price movement indicate high volatility, meaning we need to look for the 78.6&#37; retracement before the trend reversal.](https://preview.redd.it/5y1x7lbs3v971.jpg?width=2551&format=pjpg&auto=webp&s=cf6148569482a39f520c106810a29c77b5848786) + +Fib ratios and GME: + +Now, many people will argue that TA has no place in our world of GME do to the hedgies and fuckery that's run amuck. I, however, would argue that although the price we see is fake, everyone out there trading GME need to have some sort of signals to rely on, if they're not an Ape of course. Not everyone trading GME are apes, and here is evidence that the price we see is heavily influenced by Fibb levels: + +&#x200B; + +[Notice how we finished a gap fill after the 61.8&#37; retracement. Also, the initial 0.786 level of the Fib extension was retested twice.](https://preview.redd.it/ga18mjwm4v971.jpg?width=2551&format=pjpg&auto=webp&s=b879fcf0c658120af81bbc4e7cf0d23d261997c9) + +**What does this mean?** + +This, my friends, my family, and my fellow gorillas, is where I must admit I have no idea. All I can say is this 78.6% retracement is BULLISH AF, and to Buy and Hodl. I am a smooth brain who is not an expert or financial advisor lol + +Edit: new [post](https://www.reddit.com/r/Superstonk/comments/ogdgjd/todays_price_action_so_far_fib_ratios/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) today +Short Story incoming: + +in 2017 I was poached by an employer who on paper looked like my dream role. Quickly after arriving, I realized that it wasn't what i had signed on for, despite my salary increasing almost 20% to move. + +I tried to make the most of it, but towards the end of year 1, I decided enough was enough and handed in my notice. They seemed rather shocked that I left without having a job to go to, but I felt I needed to get out and that trying to look for a new position while being in this job would produce a negative result. + +Thankfully I had a small emergency fund (I was saving for a house deposit and had built up a nice sum). + +The old me would have never left a job without another one to go to, so it was damn hard to take that plunge. In my head, I felt like I had failed at my previous position, maybe it was the case that I need to accept a lower salary for a company that has a culture that works for me. + +After a long job search and a strict vetting process, I've just this week accepted a job offer at 75k + bonus (my old job being 60k flat), and I turned down 2 other offers at a similar rate. + +TL:DR; I make a tough decision to dip into the emergency fund so I could look for a job that I really liked. Ended up making a reasonable salary increase and having multiple offers. A negative situation turned into a great confidence boost! + + I know this doesn't apply to everyone but back yourselves! Don't try make the best of a bad situation, make a change! +I’ve noticed a disturbing trend that’s been appearing to growing in severity recently. + +**Apes reaching out to GameStop or ComputerShare employees or affiliates.** + +One or two people? That’s fine. But that’s not the case. + +We have multitudes of ‘apes’ pestering these individuals with questions, @s etc begging for insider info and trying to get attention so they can screenshot and post it here for that sweet sweet karma. + +This is embarrassing, juvenile, ego-driven and seriously hurting the reputation of our community and it’s relationships with these people. It makes me begin to feel embarrassed to associate with this group even at all. + +Dr. T and Dave are one thing, they clearly enjoy the engagement, seemingly ask for it and encourage it at times while contributing to our community. But many others have not invited this attention and are just normal people trying to do their jobs, who do not need 1000+ apes harassing them for internet points. + +Please, before you send your next tweet, DM, email, whatever — stop. Ask yourself: + +Am I adding value here? + +Am I asking a question that’s already been asked? + +Am I asking a question they are likely not authorized to answer? + +Am I doing this from an ego-driven motive or am I truly believing this will add new value to the community? + +Thank you and please continue to be the respectful, mature apes that you can be and would make us all proud to stand beside. + +Edit: some examples of what I’m talking about + +[https://imgur.com/a/GE0l2fc](https://imgur.com/a/GE0l2fc) +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. +Barclays Rainey day saver currently offering 5.12% AER (up to 5000). + +To get this account you have to be a member of blue rewards scheme: + +To qualify for the blue rewards scheme you need to have £700 per month going into your current account and at least 2 direct debits. + +There is a £5 a month cost, but this is reimbursed if you meet the above criteria. + +So if anyone is a member of Barclays and meet these criteria. You should open a rainy day saver ASAP! +Hi all. + +After some to-ing and fro-ing with Wordpress and imgur, the flowchart has a new home. + +You will always find the latest version of the UKPersonalFinance flowchart at: + +* [https://ukpersonal.finance/flowchart](https://ukpersonal.finance/flowchart) (holding page) +* [https://flowchart.ukpersonal.finance](https://flowchart.ukpersonal.finance/) (direct image link) + +This post also announces the latest version 2.3, which is mostly just a slight visual tidy-up, although there have been some bigger updates in recent months too. + +I have been in touch with the creator of the interactive version to see if they can update too, at which point we will add the links back in. +Good Afternoon Y’all. This is an ELI5 on the GME saga so far. Links will be in the comments to keep with the ELI5 aspect of this DD series. This is the introduction to my DD series explaining the markets and regulations as if you are new to stocks. Feel free to share with new apes and interested friends and most of all ask questions. + +**Introduction:** + +This is not financial advice. I just like the stock and want financial terrorists in jail. + +**TLDR: Buy Hold DRS Vote all your GameStop shares and watch as Wallstreet panics and starts regulating/jailing itself while we get rich. As far as corporations are concerned you don’t own shares in your retirement and brokerage accounts. So DRS with the transfer agent from your brokerage account to legally own your shares.** + + +**I. Why invest in GameStop?** + +GameStop is a retail company specializing in Gaming and collectibles. The company has a strong storefront presence in the United States and minor presence internationally. In the last year they have invested heavily to become an e-commerce giant. + +GameStop is creating new technology to be able to integrate collectibles into video games. The GameStop NFT marketplace is in its infancy but NFT wallets are now available for Chrome, iOS (iPhone) and android phones. + +Partnerships and development hint that it may become a stock exchange hosted on blockchain. It would be a financial revolution of real time settlement of digital stock certificates. + +A Congressional investigation report and a lawsuit proved that GME was 226% short in January 2021. Most reporting of the time said the shorters had covered their position. That means the short position remains open but it is no longer naked. So this rocket will take off again we’re just waiting for a fuse. + + +**II. Why DRS (Direct Registration System) all your stock?** + +There are many more rights to being a legal owner to a share than the right to obtain a dividend from the company. When a person DRS or buy’s directly from the transfer agent of the company they own a share outright in their name. The shares are in their own name, they vote directly with the company and the dividend is paid directly to them. + +However, shares that are not DRS’d are in street name. This means that legally your broker owns the shares. BUT through the contract you signed when opening your account with the broker and US securities laws you may have gained a right to a dividend, a vote, and a couple other benefits. You are the beneficiary owner of a share but you ARE NOT a shareholder in the company. + +If your broker where to go bankrupt like in another 2008 bank meltdown scenario your broker’s insurance would pay you back the dollar amount that your shares were worth. In this scenario, because you never owned shares, you were only the beneficial owner, you get up to the insurance maximum amount your broker carried usually $250,000. The insurance company may take years to pay you if you are paid at all. + +If Apes are correct and one share of GameStop will go up atlest 100 times in price again like it did in January 2021, then by buying 100 shares of GameStop you will easily hit the maximum insurance amount that a broker insured you for. However, the most committed apes who have read the due diligence (what we often call DD) only plan to sell one share for millions and HOLD in DRS the rest of their shares as the company can create the technology to revolutionize Wallstreet. This brings us to our next topic. + + + +**III. Liquidate Wallstreet** + +What keeps a large international diverse group with diverse political interest and different strata’s of society interested in a single stock for almost two years? + +Apes common enemy Wallstreet corruption. The enemy is the system itself, as it’s been set up not necessarily the people who run it. In GME there is no politics only stonks. + +Wallstreet let’s family offices and hedge funds cause international calamity but when independent retail traders exchange information about companies and beat the system it is stopped mid take off. Apes evolved from seeking quick riches to seeking long term value with a side of vengeance after the January 2021 GameStop squeeze was stopped by the brokers. + +The long term value is that the company is using its retail business resources to become a technology company. + +Apes vengeance or in other words making Wallstreet rules more transparent and fair for small retail traders and investors. In doing so, it is undermining the shadows and loopholes that financial companies use to fleece pensions, retirement accounts and retail investors. + +For over a year Apes have researched, analyzed and peer-reviewed diverse topics to understand this convoluted financial system. There’s a few weaknesses retail investors can use to sefaguard the future of global markets like the SEC Whistleblower program and commenting on financial regulation changes. + +The biggest weakness in Wallstreet is DRS the Direct Registration System. Why? Because it removes share liquidity from the stock market while the business retail invest in and believe in is not negatively affected by the move. DRS ensures a broker, prime brokers and the chain of financial institutions above it does not use retail share/investment to bet against them by using retails beneficiary shares as collateral for their bets or to lend out to short sellers. + + + +**IV. I don’t believe GME (GameStop) is going to the moon why should I care about DRS?** + +All publicly traded stocks on US public exchanges can be DRS. Consider DRS for any stock you plan to hold for a while. Also, consider DRS so that if your broker goes bankrupt you don’t lose your investment. It can take years for insurance companies to pay out after a broker defaults. While you wait to be paid out you will lose acess to your capital. If you are paid out in cash you may not receive any dividends and price appreciation of the stock during the time you waited for the pay out. + + +**V. Conclusion** + +Thousands of APES only hold 1 share of GME because it’s all they can afford. A few Whale Apes own in the tens of thousands of GME shares. Every shareholder matters especially the Apes with one share. + +Join the APEs in the rocket. We’re going to the moon. All it takes is one share of GME. Don’t forget to DRS everything not just GME. + +TADR: 💸🦍🙏💎📓💎🙏💎🚀🌕 +Dear brilliant investors, + +[Mysterium's](https://mysterium.network/) ICO will be held in 2 days (May 30th) and I wanted to gather some insightful reflection about whether to join in or not. + ++ They have a Minimum Viable Product that works fairly well (I tried both hosting a node and using another one as a VPN). +- No payment system put into place (which makes it free for now hehe) yet. ++ Their pre-sale was sold-out ++ They have around 800 nodes online + +So it seems like there is something here and people are interested. + +However, I am a bit concerned about the speed at which this ICO is coming and still no guideline as to how to join their ICO smoothly and the team seems somewhat too busy these last few days (understandably) to answer questions on slack on a regular basis. + +Any second thoughts? + +**Note : I think everybody should use VPN for security reasons, Mysterium or not, since knowing your IP address makes it much more likely to get hacked or tracked by unwanted agencies.** +Dear brilliant investors, + +[Mysterium's](https://mysterium.network/) ICO will be held in 2 days (May 30th) and I wanted to gather some insightful reflection about whether to join in or not. + ++ They have a Minimum Viable Product that works fairly well (I tried both hosting a node and using another one as a VPN). +- No payment system put into place (which makes it free for now hehe) yet. ++ Their pre-sale was sold-out ++ They have around 800 nodes online + +So it seems like there is something here and people are interested. + +However, I am a bit concerned about the speed at which this ICO is coming and still no guideline as to how to join their ICO smoothly and the team seems somewhat too busy these last few days (understandably) to answer questions on slack on a regular basis. + +Any second thoughts? + +**Note : I think everybody should use VPN for security reasons, Mysterium or not, since knowing your IP address makes it much more likely to get hacked or tracked by unwanted agencies.** +Hi there. +I'm the average, illogical, and highly emotional owner of Ether. +Even though I know DEEP in my heart that I'm in this thing for the long run, due to the fact that I believe in the technology and its future, I find myself CONSTANTLY checking the value to a point of insanity. + +I understand this is ridiculous, but I also know that I'm not alone. I may not be a "Jerry", but I'm definitely a "Jim", Jerry's best friend that feels exactly the way he does, except isn't as annoyingly vocal as he is. + +Therefore, starting at the end of today, **I have decided that I'll be going on an ETHER FAST: I won't check the value of Ether until March 28th**. + +Why the 28th? Because it's a day after Easter. And Easter was the day that Jesus was resurrected. Which has nothing to do with anything, but fuck you and your logic. + +Good luck to all! See you on the other side :) + +/u/Dunning_Kruggerands writes + +>Slock.it only seem to have 2 technical experts (Lefteris & Christoph) and I'm not convinced by the management experiance so sure it would not be as hard as people imagine for someone else to tender. Something like: + + +>Tender 1 | Build a secure bridge between IoT devices and blockchain. (Ethcore could probably do this in their sleep.) Read from blockchain (just use existing client) Some logic for key exchange & scripting do this if that. Protocols e.g Bluetooth,ZigBee, Z-Wave, MQTT, 6LowPAN .. ect (Libraries already exist) + + +>Team: Someone with knowledge of ethereum clients. (Go, Rust, hey if it can run ubuntu we can even use java) Someone with knowledge of embedded systems & IoT. + + +>Tender 2 | Mobile light client Think this is being worked on by foundation so just a bounty or donation might be best approach. + + +>Tender 3 | Mobile user interface Once there is a light client librart this is pretty standard native client developement. Anyone could do this. + + +>Team: Someone who can develop apps (android first then ios) + + +>Tender 4 | Universal sharing network. (contracts, IPFS, Swarm) Geographical search (could we implement kd-tree or similar traversable tree as IPFS datastructure?) Deposit & payment & dispute resolution system (dispute resolution would give a reason not to bypass the fee) Rating system Could be a community effort then hire someone to audit. + + +>Team: Someone with knowledge of contract development. Someone with knowledge of contract development testing & simulating economic games + + +>Tender 5 | Marketing Hire a PR company Partner with people to pre-install & sell + + +>Contract structure The contractor will be paid monthy a fixed USD equivelent amount in ETH at a conversion rate defined by oraclize. With 2 months upfront. Up to a maximum amount in Eth. Should the oracle fail or Eth required per month exceed limit the contract will be paused and renegotiated. + +>Contract will define gates where work is reviewed and contract extended or terminated. (Majority vote without quorum) Contractors will be given reward tokens as upside incentive. All code & designs to be open source. + +Gavin Woods Responded Here: + +https://np.reddit.com/r/ethtrader/comments/4l7xe5/who_can_we_recruit_to_build_the_world_computer/ + + + + +What/how do people see the crypto currency market doing/reacting when that happens? Amazon will be the first tech company to hit 1 Trillion, if not Apple - The beautiful reality with tech striving for that trillion dollar valuation, is that crypto currency brokering could take them there.. + +Will amazon be the first to figure this out? + +I think so. + +Moon. + +/u/Dunning_Kruggerands writes + +>Slock.it only seem to have 2 technical experts (Lefteris & Christoph) and I'm not convinced by the management experiance so sure it would not be as hard as people imagine for someone else to tender. Something like: + + +>Tender 1 | Build a secure bridge between IoT devices and blockchain. (Ethcore could probably do this in their sleep.) Read from blockchain (just use existing client) Some logic for key exchange & scripting do this if that. Protocols e.g Bluetooth,ZigBee, Z-Wave, MQTT, 6LowPAN .. ect (Libraries already exist) + + +>Team: Someone with knowledge of ethereum clients. (Go, Rust, hey if it can run ubuntu we can even use java) Someone with knowledge of embedded systems & IoT. + + +>Tender 2 | Mobile light client Think this is being worked on by foundation so just a bounty or donation might be best approach. + + +>Tender 3 | Mobile user interface Once there is a light client librart this is pretty standard native client developement. Anyone could do this. + + +>Team: Someone who can develop apps (android first then ios) + + +>Tender 4 | Universal sharing network. (contracts, IPFS, Swarm) Geographical search (could we implement kd-tree or similar traversable tree as IPFS datastructure?) Deposit & payment & dispute resolution system (dispute resolution would give a reason not to bypass the fee) Rating system Could be a community effort then hire someone to audit. + + +>Team: Someone with knowledge of contract development. Someone with knowledge of contract development testing & simulating economic games + + +>Tender 5 | Marketing Hire a PR company Partner with people to pre-install & sell + + +>Contract structure The contractor will be paid monthy a fixed USD equivelent amount in ETH at a conversion rate defined by oraclize. With 2 months upfront. Up to a maximum amount in Eth. Should the oracle fail or Eth required per month exceed limit the contract will be paused and renegotiated. + +>Contract will define gates where work is reviewed and contract extended or terminated. (Majority vote without quorum) Contractors will be given reward tokens as upside incentive. All code & designs to be open source. + +Gavin Woods Responded Here: + +https://np.reddit.com/r/ethtrader/comments/4l7xe5/who_can_we_recruit_to_build_the_world_computer/ + + + + +Anyone that doesn't know what these are should read this [Behavioral Finance: Confirmation Bias, Cognitive Dissonance, and Recency](http://www.seic.com/enUS/about/15247.htm) as it is very relevant to making good decisions in crypto. + +>Confirmation bias occurs when we selectively collect evidence that overvalues or supports our claims or beliefs and minimizes contradictory evidence. + +--- + + +>Cognitive dissonance occurs when newly acquired information conflicts with pre-existing understandings, causing discomfort. + +--- + +>Recency relates to our ability to recall information that appears at the end of a list of complex data, rather than that which appears earlier. + + +--- + + +I see these all the time in crypto so being aware of them can help you make better decisions. Some examples I can think of... + +Mike Hearn's [legitimated criticism of Bitcoin](https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7) at the start of last year was portrayed as a rage quit, mostly I believe because people didn't want to believe it. The next 18 months proved him correct on almost every point. People that dismissed him held their Bitcoins and rubbished everyone else while a good portion of those that took what he said then did their own research diversified into ETH and made much higher gains. + +The censorship of /r/bitcoin was obvious to anyone that opened their eyes yet very few people actually went out of their bubble to get the full story, instead an us vs them, goodies vs baddies situation developed. + +A few weeks ago when the China ICO ban was still a rumor, NEO crashed because of it while ETH held up. I made the point that a ICO ban was not good news for ETH either and got [downvoted to hell](https://np.reddit.com/r/ethtrader/comments/6wpdw2/daily_general_discussion_august_29_2017/dm9zhdm/?utm_content=permalink&utm_medium=user&utm_source=reddit&utm_name=frontpage). People took glee in the fact that this 'shitcoin' was dumping while completely missing the bigger picture. Then what happened to ETH? It crashes over 25%. I'm not saying I was always going to be correct but I made a legitimate point that people didn't want to hear so I got downvoted for it. + +You see countless examples of it in /r/ethtrader, a lot of stuff that is downvoted is just things people don't want to hear. For example anything bearish on a bull run no matter how legitimate the point will downvoted or at the very least very little attention. + +ETH maximalism is as strong at Bitcoin maximalism with some people and while some people are informed many people are just comfortable in their bubble where nothing challenges them or makes them uncomfortable. + +Anyway I just wanted to shed some light on this as it's something that a lot of people might find helpful. + +Sales of new video game hardware fell 33% year over year. Looking ahead to Q3, the company expects same-store sales to be in a range from down 2% to ahead 1%. EPS is seen as $0.53-0.58. The company earned $0.27 in Q2. +A couple of weeks ago I made [THIS](https://www.reddit.com/r/CryptoCurrency/comments/o252d4/what_do_you_think_is_the_most_undervalued_project/) post asking you guys, "What do you think is the most undervalued project in the top 50?" + +I decided to rank all the the comments according to points and here's how I've distributed the points: + +1 Comment = 1 Point + +1 Upvote on that comment = 0.5 Points + +I have not included any comments with less than 1 upvote. + +DISCLAIMER: This ranking is NOT an accurate measurement of how this sub feels, its just from the comments on my post. I feel like some of it is correct and some of way it is just way off. + +Final ranking: + +1. ALGO - 104.5 +2. VET - 54 +3. IOTA - 53 +4. XMR - 41.5 +5. XTZ – 38 +6. LINK – 37.5 +7. XLM - 32 +8. ATOM - 31.5 +9. DOT – 24.5 +10. ETH – 17.5 +11. ONE - 15.5 +12. BAT - 9 +13. AVAX - 7 +14. MATIC – 6 +15. ZILIQA | THETA - 5.5 +16. HBAR – 5 +17. CRO | EGLD 4.5 +18. REN – 4 +19. LUNA | NEO – 3.5 +20. BTT | KSM 2.5 +21. MKR | 1.5 +22. TRX | SOL | BTC | LTC | NANO | CHZ - 1 + +&#x200B; + +From what I've seen on this sub, ALGO & VET seem to be in correct positions. I know you guys love NANO and its obviously way below than what it should be. I was surprised to see IOTA(#3) that high because I have not seen much of it on this sub. Also, I got a lot of SAFEMOON comments but all of them were on negative upvotes and its obviously not in the top 50 as well, so I don't know why they even bothered. + +&#x200B; + +Anyways, what do you think is missing from this list? +Hi, guys! Pretty unusual post here, and I’m writing it to let out some of my anxiety and speak with other people about it. + +This post is not a bragging post. I understand and thank everyday for my situation: even though I have been working hard and did sacrifices, so do a lot of people everyday and they don’t get the same rewards. I’m very grateful to be here, and because of that I feel like a crushing responsibility to do/be the best I can. + +I don’t consider myself FIRE’d yet because as I’m going to explain on this paragraph, a lot of the things are “on motion” yet, but I do think they are a reality - wiser people would disagree (and they are right), I think it’s a sign of my immaturity to consider them as a reality, but I will let you judge it. My “source of funds” seem from solely 2 assets: + + +* Around $450,000 liquid (into crypto\*). +* $5,200,000 vested out of +$20,000,000 in stock options. + +*\*Regarding Crypto: I don’t want to mention names here because that’s not the purpose of this post. The position is not an “ape” one into meme coins or “what if it reaches $1”. I have been in the space (have worked on it as an engineer briefly\*\*, so I know my way around. I agree it’s a “risk” asset, but please don’t try to argue that the primary one is a pyramid.)* + +Now, we all understand that stock options in this startup era are superfluous and most of it are “paper money”. However, I feel confident with the current company. We have a 10 digit valuation w/ a very strong revenue and we are beginning the discussions regarding IPO requirements (audits, S-1’s etc). Probably in London Stock Exchange, even though we are not from there(?). It’s still a preparation and our plans are to do it \~2/3 years from now. However, there might be a liquidity event later this year. If that's the case my current mindset is selling whatever I can. + +Considering the current scenario (not counting any "upsides"), I'm imagining that within 3 years I could have an exit around the \~U$20,000,000 mark. This is clearly a lot of money and much (much) more than me, my parents or anyone around me could ever dream of. *I remember being in my grandpa's plastic pool in the backyard and joking about winning the lottery and what one might do it one day.* It's not money that worries me however. + +One of my sacrifices were reallocating to another country. This was ok in the beginning, and I have an amazing partner, but now the reality of the family "I left behind" is catching up on me at the same time as everything else. Anyway, let me go straight to some questions otherwise I feel like this post is just to "speak with someone" about it. + +* How to deal with "needing" family when living abroad and being this financially well-off? I wanted to insist on them (parents) moving closer, but they wouldn't have any friends, so this might be unfair with them! At the same time, I'm concerned with their well-being, on how they might handle their finances (the country is heading into a bad place honestly) etc? +* What happened with your relationships with less fortunate friends? How do you balance those things? How are you able to connect with your high school / college (for those that went) friends? +* I'm concerned of eventually having kids and not be able to connect with them due to how much different our childhood are eventually going to be. I'm also concerned about their connection with the rest of the whole family. I have over 10 cousins that I grew up close to, they won't have this since I moved abroad and our financial lives will be very different? +* I have a sibling that is about to get to the college age, and they want to do Medicine. I spoke with my parents and said that I would be happy to support them (my parents wouldn't be able to alone), but I'm also trying to push them (sibling) to do it abroad. This would be more expensive for me, but I feel like it would give them a better opportunity. I obviously want to give them the world, but also for they to be responsible. What are my obligations or tips here? +* Every time I go back to my home country (like now), I feel disconnected from old friends, from some family and also very guilty about the population around. There's a lot of things I'd like to do or people I'd like to help, but I can't because I'm not liquid at the end of the day and I need to find a balance. Not quite sure on what to ask here... I guess: "FIRE'd people from/in third world countries, what is your approach towards it?" +* How healthy is it to start thinking about all of this? It's sometime away, and we need to continue executing it really well for it to happen, but looking from that backyard in the middle of nowhere to here, the finish line looks way closer. + +Again, I think just the exercise of writing all of this already helped me a lot, so I'm grateful for this space existing. Thank you all very much. +Has anyone made an offer to the owners to purchase the house they're renting (or inversely had a tenant buy your property? What was your process? What went good / bad? + +We've never seriously considered rent but are in a semi-rural area and really like the house. We were thinking of using the high property prices to our advantage so the owners are tempted to get a good price and since we're not planning on moving we're not too concerned mid-term if prices do stagnate. + +My approach was to approach the bank first to get a better idea of borrowing capacity so we can make a concrete offer, and also get an independent agent in to get a valuation on the house. But I'm not sure that even exists and my partner thinks getting a valuator in might be crossing the line as a tenant. +I've noticed a scam mail that is going around the internet recently claiming that mtgox has decided to return customers their bitcoins. + +It goes by + +>Have you lost your MTGOX Coins? +> +>go watch our news to claim your Bitcoins back! +> +>http://www[dot]bitcoinbreaknews[dot]com/mtgox-lost-coins + +I decided to investigate the url in the email with my virtual machine and the website looks exactly the same from WSJ video portal, except that the video is unable to play and requires the installation of adobe flash player. + +Following the instruction, the filename downloaded appears to be InstallFlash.rar. There are 3 files being extracted, namely Adobe_Flash_Installer.exe, LICENSE and README.txt + +After clicking onto the malicious Adobe_Flash_Installer.exe, the file will immediately disappears. + +It is apparent that the malware has installed onto the virtual machine. However, no obvious indication can be seen from task manager. + +Nevertheless, through packet sniffer, the machine began to make connections to IP address 5.104.105.194 and attempts to download multiple malwares from the IP. By listing the directory index, the IP appears to host multiple files namely: news.exe, test.exe, BTCChart.rar + +My investigation stops here. Be careful guys, malicious programs are disgusting in more creative ways now. + + +Here are the details of the IP address: + +5.104.105.194 + +Provider: Myloc Managed It Ag + +Country: Germany + +[Here are the screenshots of my investigation.](http://imgur.com/a/sZsLw#AeByegJ) + + +**I know that many people have lost a significant amount of btc due to mtgox. This is the least I could help, which is to help prevent anyone from failing into this scam** + +P.S I'm the same guy who posted the [sourceforge malicious trading program](http://www.reddit.com/r/Bitcoin/comments/1y24x2/malware_do_not_download_cryptocointrader_from/) few weeks back... +Hello, + +My parents are getting a bit older (60's) and have asked me to find them an estate tax attorney/financial advisor/CPA to help them structure their assets in a more safe and tax friendly way for inheritance, etc. Assets total ~30MM, 1/2 in RE and 1/2 in retirement accounts. + +However, I am having trouble finding people, and to me they all look pretty much the same. I have looked at https://www.napfa.org/find-an-advisor# and https://www.feeonlynetwork.com/, but I might as well be cold calling, if that makes sense; it is just a list of names. Specifically, I am looking for one that specializes in both Oregon and Washington estate law/tax, as they own properties in both states, but it is quite hard to satisfy this aspect. Also my dad has mentioned the idea of having trusts set up in Delaware that have better protections, but I have yet to do any research; is this worth pursuing? + +Any tips on how to find these people, and who would I be looking for exactly (i.e. job title)? Or even better a rec, but I don't expect that on reddit. I really don't want to waste their time with someone not worth their salt, because then they feel the need to manually re-do the grunt work that they paid for. They have been dropped from a few CPA offices like this, just from being anal about mistakes. Thanks. +Asian ethnicity, an American citizen. NW at nearly three million+. Partner and I work in tech with two toddlers in California HCOL. + +Want to relocate to be closer to family. + +&#x200B; + +Anyone with similar experience? + +Can I buy real estate? + +What are my visa options? + +Traveling east Asia sounds very appealing. Realistic? + +Average school in Singapore as good as the good ones in HCOL? + +Culture shock? +We're all seeing the ads on the front page for various businesses that accept bitcoin, and I'm starting to feel like some smartass is preparing, even as we speak, a post with a link to /r/HailCorporate about it. This post will surely claim that it's blatant advertising and saying we should go back to talking about ASICs and paper wallets and Gox and so on. + +To nip this surely impending post in the bud, I say: **no, let's not stop anything at all**. This is exactly what we need to see: an explosion of new bitcoin-related services cropping up at an exponentially increasing rate out of nowhere. It's insane to see how many new services accept bitcoin of all kinds, and as a musician, I'm particularly glad to have discovered the music downloads on coindl.com. I want to see more stuff like this, and I want to see more about the now-becoming-obvious "Bitcoin-economy boom" that seems to be starting up. + +So to the smartass who's preparing to make that post saying "you know guys, it's cool that there are new services that accept bitcoins and stuff, but do we really need to have them advertising on the front page about it" - **YES!** That's exactly what we need. + +This is the most awesome fucking development of 2013 by a huge margin, and we all would benefit a great deal from getting a handle on exactly what markets are jumping onto bitcoin and which ones aren't. + +My two ฿! + +EDIT: I accidentally grammar +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. +Personally, I am thinking of buying some CAKE to stake (I haven't bought anything yet), but I was wondering what you guys were stocking up on. It's going to be super interesting to see what happens in the next 48 hours with this covid news, and how the global markets will react. Do you guys believe that we will close off November in the red? Let's hear your thoughts down below. I think that the crypto market will drop a little more so I didn't panic bought. I am gonna wait for it to drop more. What do you think? +Cheers! +With the recent reports of companies adopting a "copy" of Ethereum, instead of just using the main public chain, some people seem to be worried that this might hinder Ethereum adoption and put a cap on the future price of ETH. + + +I disagree. + +What makes Ethereum so powerful is the tons of developers working on it around the clock, as well as the many hackers attacking ( and thus testing) the network. + + +As soon as the Ethereum software gets cloned for private use, the company will have to move on on its own. Developers will need to be hired with a very good understanding of Ethereum to maintain the private codebase: + +He and other developers will most probably start diverging from the public Ethereum with various customisations. Initially this will sound appealing, but in the longer term this will further complicate the sync with main Ethereum. + +Considering that 90 % of software developers are far from perfect ( and then I'm still being friendly), sooner or later each one of these companies will see increased costs and debates on whether it wouldn't be better to just go with the main Ethereum chain. + +Don't forget: Ethereum is the result of years of Open Source culture, and is one of the more complex technologies out there. + +Even the biggest companies will realize eventually that it will be cheaper, easier, more cost-effective and safer to just go with the public chain rather than their cloned closed source maintained version which quality will entirely depend on the handful of Software Engineers they hire. And then we aren't talking about the costs for the maintenance, upkeep, testing AND security of their network. + + + +For example, Ethereum Classic is already starting to have issues 2 months after the split and that's an Open Source project with a wide reach to software developers. Now imagine how a private Ethereum clone will evolve. It will require a very good HR department ( which in itself is already a struggle for big companies, who tend to favor good communication skills above strong programming skills, which is why they need to hire 100 devs first in order to find the gem). + +I don't believe in private Ethereum chains. The public one will prevail. It will take trial and error for the big companies to realize this. +Legitimate question. Specifically I'm curious as to whether or not ether will dip below $300 again. If you think so, why? If you think not, why? Just trying to make an educated decision here. Thank you. +I come on here with posts like "ouch!" "plunge driven by....?" "going down" etc. + +I check the charts expecting $5 or $3 or something. + +It went down $1 USD and is now back up to where it was yesterday when I bought more. + +Are most of you new to crypto or something? +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! + +I've been thinking about this question for a while, and since the market's been going up, it's a good time to ask. + +**How do you decide when to take profits?** + +For example, do you just eyeball it, or did you make rules for yourself in advance? Do you set up automatic sell orders for when certain prices are reached? + +I've got rules right now, but they're bad, and I want to revise them. When I first started trading crypto in February of this year (I was trying to take advantage of the crash), I decided that I didn't intend to sell anything this year, but I wanted to make some rules just in case the market went crazy: + + Price goes up 10x: Sell 25% of original stack. Example: I buy $10 worth of a coin. Price goes from $0.10 to $1. Now I have $100. Sell $25. $75 in holdings remains + + Price goes up another 10x (i.e., 100x from the original purchase price): sell 50% of current holdings. Example: Price goes from $1 to $10. I now hold $750. Sell $375. $375 in holdings remains. + + Price goes up another 10x (i.e., 1000x from the original purchase price): Sell 75% of current holdings. Example: Price goes from $10 to $100. I now hold $3,750 of a coin. Sell $2,812.50. $937.50 remains. + + Price does anything else: Hold. + +As you can see, these rules are absurdly optimistic, possibly to the point of uselessness. So, now I'm looking to revise them--hence this survey. Thanks for your replies! + +Note: I have made a similar post on a different sub today, but it's getting downvoted into oblivion, and I wanted to hopefully get some more useful answers. + +The cause of all this is a toxic mix of greed and naivety. + +The greed of slock.it, and the greed of all those who threw money at it blind, hoping to get rich while sat on their ass. + +Slock.it 's greed can be traced back to not having a straightforward crowdsale with a sensible cap. No, that wasn't enough for them, they wanted as much money as was humanly possible, with no dilution and no liability, and came up with a plan to get it. Deceived the community with the pretence that DAO'S would compete for the slock.it proposal, which would be given to the most 'suitable', when all along it was going to the one they engineered themselves, and then hyped to the moon in every way possible to get people buying. +Their naivety is also to blame, expecting good business decisions worth millions of dollars to be reached by the votes of a random ragbag of investors, speculators, gamblers, and token flippers??? Wtf????? + +Slock.it aren't the only ones who were greedy and naive. +The rush to throw money at something few people seemed to have really understood with the expectation of making easy money for doing fuck all is all too plain to see. +Naivety in falling for all the hype was absolutely unreal. + +Greed was also responsible for the rush to raise money before doing thorough security checks, and the fact that investors knew this but still threw their money in anyway to 'see what happens '. + +What happened was Hippy idealism met head on with 'get rich quick' collective mania, and this is the result. + +Ethereum and the community can learn a lot from this, it can become less insanely greedy, and less unbelievably naive at the same time, OR, we can learn nothing and rush to throw money at the next 'big thing' that will be Ethereum's 'killer app'. + +So everyone, be less greedy, less naive, and in less of a rush. + +Be more cynical, more critical, more suspicious, don't trust anything at face value and just chuck money at it. +Ethereum is still strong and good things will come slowly. + + + +I found out about this project last week, though recall seeing their name pop up earlier in the month because of their crowdsale. Since then, I have sold 50% of my shares in other projects, and plan to increase my position greatly next month once I gain more fiat funds. I believe as an investor, OmiseGo (OMG) shows incredible potential, with now being perfect time to invest. I say invest and not trade, as this one is for the medium to long term, and not short. + + +1. Omise has been around since 2013. This is not a new company, but rather one with history, core investors (20 million in series A and B prior to their latest crowdsale) and a completely serious established operation and team (70+!). They have offices in Thailand, Japan, Indonesia and Singapore. The company provides a payment management system for businesses to accept payments through their mobile application or online store. They work with AliPay as well for example. They have the PCI DSS 3.2 (Payment Card Industry Data Security Standard) already in place since November last year. + +2. Omise has just recently acquired one of the three largest payment service providers in Thailand, Paysbuy , a licensed by the Bank of Thailand operator of e-money business, and accredited with Trustmark (DBD Verified) by the Ministry of Commerce. This provides a very well established source of active users. + +3. OmiseGO is their blockchain project : "a public Ethereum-based financial technology for use in mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies.” . Which to me means that they are taking all that is great in the blockchain technology, and integrating it with their offering, creating a new advanced Omise service. + +4. Other than the lead team working on OmiseGo, the following are all officially advising the project: Vitalik Buterin (ETH lead ) , Dr. Gavin Wood (ETH and Parity lead) , Vlad Zamfir (Casper/ETH lead), Joseph Poon (Lightning Net lead) and Roger Ver of bitcoin.com as well as many others, including a professor of Quantitative Finance. Not aware of any other BC project that has such a list of advisors of this caliber. + +5. Jun Hasegawa, Omise’s CEO, revealed just recently that McDonald’s Thailand (over 240 locations), will be using OmiseGo’s payment channel. A big Press release regarding this news has not been released, and is expected super soon! Also quoting Jun “we're launching OmiseGO to support Omise Payments and all existing stakeholders, including our existing and future merchants, such as McDonald's in other countries in Asia - McDonald's Thailand is just the start. Through OmiseGO, all Omise merchants will be able to seamlessly accept payments in multiple currencies, including ETH or BTC or other cryptos, without needing to know what their client is paying in. And any other payment gateways, including Omise's biggest competitors, as well as global giants like Stripe or Cybersource, will benefit from using OmiseGO/OMG, and are welcome, no partnership or permission needed. The OMG chain will be an entirely public and permissionless network, connected to Ethereum.” + +6. Other than investing in OmiseGo business through their OMG token for all the reasons I detailed here, holders of OMG will also generate an extra income, and quoting Jun : “OMG is a token that secures a public permissionless POS network, whose primary use case is to host a decentralised exchange for digital fiat and crypto alike. It is backed by significant mainstream financial firms in Asia who will use it as the backend for existing digital wallets - think Venmo, Google Wallet, WeChat Pay (examples of digital wallets only) - and for hosting digital fiat tokens for their existing merchant payment network. OMG holders can use OMG to validate the network. If they validate a block correctly, they get paid the tx fees from that block (but if they validate incorrectly, they get punished). Like mining but without the need for hardware. + +// + +These are the main reasons why I have invested in Omise and why I feel it is a great opportunity right now with super great timing. OMG only launched last week on the exchanges, and is already available on Bitfinex, (stating that “OmiseGO is an impressive and professional project, which aims to deliver on the initial promises of blockchain technology: to revolutionize the traditional financial world. OmiseGO provides a wallet and payment network for both fiat and crypto currencies.”) as well as on Liqui and EtherDelta, though personally I would stick to the well-established Bitfinex (as I did). You can dive in with BTC, ETH and even USD. Price is really nice and low, and at a perfect entry point. + +EDIT: its now also live on Bttrex! + +Omise main: https://www.omise.co/ +OmiseGo main: https://omg.omise.co +Subreddit: https://www.reddit.com/r/omise_go/ +Slack: http://omgslack.omise.co/ + +Good luck to us all. + + + + + + +Dev announced Monday product release. Really excited about this one. Join their discord to learn more. + +Leading the way in this field, have a product launch this month, have multiple paying customers already, have industry defining partnerships, are being interviewed for New Scientist and tv shows like the Success Files have significant first mover advantage. + +Join discord here: https://discord.gg/XapV8G4 + +https://www.youtube.com/watch?v=DMiWauQ_8jM +Edit: TLDR; This legislation directly affects Ethereum as well as all other crypto currencies/blockchain projects in the United Kingdom. By law, Ethereum's nodes must reveal all traffic at the request of the Secretary of State or their operation will be deemed **illegal**. Most notably, the Secretary of State could require '[some telecommunications operators to install permanent interception capabilities](http://www.twobirds.com/en/news/articles/2016/uk/what-the-investigatory-powers-bill-would-mean-for-your-business).' (Thanks, /u/benjaminion) + +~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ + +I hate to bring politics into here, however I believe it's pertinent that I do as it affects Ethereum and more broadly speaking, cryptography as a whole (quite a large umbrella, eh?). + +If you're not aware of what I'm talking about, please read [ +Preston J. Byrne's](https://prestonbyrne.com/2015/01/13/you-cant-stop-crypto-mr-cameron/) write up on the matter and [Section 217 of the Investigatory Powers Bill](http://www.publications.parliament.uk/pa/bills/cbill/2015-2016/0143/cbill_2015-20160143_en_18.htm#pt9-ch1-pb3-l1g217) + +The UK has effectively banned end to end encryption by enforcing a backdoor in place for governing bodies to access a users data. + +> "This effective encryption backdoor mandate comes packaged as part of the Investigatory Powers Bill, which also allows for unprecedented surveillance on citizens of the United Kingdom. All customer internet activity must be logged by tech companies, such as Internet services providers, for one year and is to be provided to law enforcement agencies upon request, with no judicial oversight." [Source](https://cointelegraph.com/news/uk-bans-end-to-end-encryption-mandates-government-authority-over-encrypted-technologies) + +And for comedic effect followed by a deep, labyrinth of despair, see: [UK: 48 Government Agencies to Have Access to Your Browsing History](http://www.dailystormer.com/uk-48-government-agencies-to-have-access-to-your-browsing-history/) This covers all traffic of UK based nodes. + +~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ + +If you're running a node/mining and you're located in the UK, please be careful. I suggest you obfuscate yourself immediately (See top of post, obfuscate if you don't want to reveal your nodes traffic). I know there are many people in this sub who have the skills to help with such a processes. + +Complexity and complacency go hand in hand when it comes to thought and action, and we're all harmed because of it. Make those you care about stand up for themselves, because they will not always do it alone. + +~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ + +Those who expect to reap the blessings of freedom, must, like men, undergo the fatigue of supporting it. -Thomas Paine +I don't even know if this is the right place to ask this, and I apologize for any wasted time, I also posted this in advice, if anybody happened to see that, yes it is the same person + +This post may come of as a little presumptuous, as I am currently 14 .But I feel it is needed, as I do not want to live with my dad when I am 18. I will not be allowed to get a job unless I get all A's in sophomore year, then I will be allowed to apply to be a lifeguard for the summer, and if I am not accepted I just straight up cant get a job. I also live in the bay area so house prices are insanely high, meaning I would need to save up money to even split rent with people. + +I am willing to sleep on the streets for months, possibly even a year or two if it means getting away from my dad, but I want to enjoy life and do not want to be on the streets for my entire life. I also believe that most places I could get employed most likely need a home address to apply. + +I know I could crash with a friend, but I do not want that to be my only option, because then if something happens to them I am screwed. + +Any advice would be appreicated. +Is this for real? I just wanted to send $20 to a charity so I did it from coinbase. Only after I sent did I notice it was $34 in totall, I checked the transaction it it confirmed $14 in fees. This in Insane! Why is this, is this normal? +I was reading this article about a couple that’s “quit their job and now generates $16,000/month in passive income.” + +But they’re managing 60 rental units, she’s written and book, and “building her brand.” That doesn’t sound passive to me (like dividend checks, interest or portfolio growth). + +https://grow.acorns.com/amp/passive-income-lessons-from-early-retiree/ + +I’m not familiar with Acorns. Is this a clickbaity/gimmicky site like Motley Fool (“Rare double down alert...”)? +Iv seen posts where people comment “I’m never selling” or “I’m hodling until crypto replaces the need for fiat”… and then the same user comments hours later being all excited for and wishing for a bull run. + +Why? + +Shouldn’t ye be hoping it stays low for a couple of years so you can accumulate if you plan on never selling? Is it not ironic to plan on accumulating and hodling as much as possible while also hoping the price rises in the short term? + +Tldr: a lot of people don’t know what they want, they want to get rich, but don’t exactly know how yet. + + +Edit: I’ll have to clarify this because whatever time zone woke in the last hour are really having difficulty understanding what I actually said. I DIDNT just say “why do people like bull runs” or “why do people like more money”. I’m specifically talking about the people who want to accumulate more and make money long term, not on a short term pump. Do you want to accumulate when btc is at 50k, or at 30k?… does it not make more sense to hope btc crabs for a while so you can have a bigger stack when it eventually moons? +Hey guys, seen Falconswap blowing up on social media but honestly there is not enough information to back up their project and I just want to show you guys what I have personally seen. Looking at their list of VCs (none of which I've ever heard of): + +**Magnus Capital -** Only see this referenced on LinkedIn and their website domain (magnus.capital) was purchased but is not even active. Hosted using Cloudflare. + +**Tenzor Capital -** Has a website, but using LetsEncrypt for SSL (anyone can set this up and is not considered trustworthy). SSL certificate was also setup 9 days ago and this company is based in Russia (not sure how legit the address is either). + +**TRG Capital -** Has a website, but also SSL using LetsEncrypt and was setup **TODAY**. Also no office address/team on their website. + +**Fengshui Capital -** Website has no mention of team members or an **address**. SSL certificate was setup only 2 weeks ago. + +**MapleBlock Capital -** Website looks more legit but again no mention of team or address. + +**Black Dragon Capital -** This one looks more legit as well, but no mention of FalconSwap on their portfolio. + +Only one of these websites has Falconswap listed in their portfolio. From the way I see it, it seems like Falconswap did some extensive marketing campaigns (e.g. paying to have their name on a Telegram bot, and possibly paying YouTubers to advertise), but we have yet to see a PoC. I do hope I am wrong but please do be careful guys and feel free to post further evidence to back either side for this project. +As the thread titles states, looking forward to a healthy discussion. + +Not to mention staking and lending options that actually give passive returns and instead of “hodl” you let your money work and earn you passive returns. + +I’m not talking about shitcoins and won’t mention which ones I’m talking about because I’m not here to shill anything. + +Edit: +Food for thought, using a hardware wallet doesn’t give you the keys. It’s also software and hardware managed by a third company. As someone said in the comments, it’s starting to look obvious to me this NKYNYC is becoming a marketing meme to sell hardware wallets. This is not 2013 where you trust a Fatboy in his moms basement to safekeeping your millions in space money but multi-billion dollar companies that probably use x7 advanced multi-sig cold storage wallets. + +*chewing popcorn* + +Edit 2: +Good points. I appreciate the engagement and comments some are very interesting. +I would like to make a list of mentioned cons and pros for future reference: + +Benefits/arguments of controlling your own funds: +1) NYKNYC is a movement against all the exchange hacks, thefts, and scams which is also a considerable risk. You might lose your funds if the third party is hacked, business troubles, or 404- thanks for your Bitcoin we can't trace the CEO. +2) Managing your own wallet prevents government seizures, holding your funds hostage for additional KYC documents, paying taxes, and all that fun stuff. Also, losing sensitive information during a hack. +3) Phishing risks that could hack your account and steal your funds if you're dumb enough not to enable 2FA by the app or hack an unsecured email and using your same Facebook email for your exchange. +4) The "bitcoin lifestyle" - Bitcoin is "A Peer-to-Peer Electronic Cash System" and the entire point of P2P is to remove third parties from the equation. +5) You can set up a multi-sig wallet and prevent the most common risks as losing your keys, fried USB, hookers found your safe when you were knocked out, and dying unexpectedly forgetting to tell your fictional wife and kids what the password was for your ledger. +6) You could use a will to save up the 24 words. Yeah, I trust the security of (third party exchange) rather than my lawyer that doubtfully uses 2FA for his 2006 laptop. + +Cons for own control and benefits of using a third party: +1) I lost my keys. A post I see almost on a daily basis on this Subreddit. +2) Securing your seed (sounds funny) is a hard task (get it?) that most users won't bother to do properly. The most bulletproof solutions I read were either too much of a hassle, technical, or really just absurd. Someone had mentioned a solution to the burning houses by printing the 24 words on stainless steel, copy them, and store it in a safe house. Oh yeah, let me just go to my local blacksmith and build a cabin somewhere. +3) Missing out on staking / lending / pools / airdrops etc. Many exchanges offer pretty damn good features with low risk to have around 1-10% yearly return on your crypto which in my opinion is something worth the hassle of doing KYC, setting up a secure email with 2FA, and make use of. +4) I can easily access my funds wherever I am. + +Lastly, The reason I got frustrated and created this thread was that I bought 10 ledgers in 2017 during black Friday and gave them all away to friends and family I even helped them 1 by 1 to "secure their crypto". After three years, they started calling me up. Some stored the 24 words next to the ledger or wrote down the password on the box (WTF - I know.. I told them that too). Others didn't know how to access it and had to call me up. Two of them lost the stupid thing and wished they just had kept it on the exchange. Hardware wallets are a terrible experience to manage for most people. I get asked frequently and now I just recommend using a trusted broker/exchange with a handy app that has 2FA, face recognition, and a password. + +Peace to you! +I'm sure I'm not the only person reading this who has also put it off. + +I realise it might be intimidating or a bit of effort to DRS your shares. I honestly can't blame someone for putting it off in the hopes others can lock up the float without your help, but every single share counts. + +I just emailed the DRS form to my broker (Commsec) to transfer over my shares. Literally took me 5 minutes to fill out, it's so unbelievably easy but I'm certain many people still haven't done it. + +You need to make your own financial decisions, but make sure you are comfortable with what you choose to do. Even if my small ownership is a way to 'pay back' and contribute to locking the float for the wider GME community, it is a worthwhile investment. + +Also, I am still genuinely concerned about brokers during MOASS. My emails with commsec did say they wouldn't restrict trading, but if their clearing house did, they would have to comply. I feel so much safer having transferred a decent proportion of my stock to ComputerShare because I know for a fact when MOASS happens, nothing will stop me from selling those shares. + +For extra peace of mind, know you CAN transfer shares back to commsec free of charge from ComputerShare if you really wanted to or change your mind. +If there’s a company you are very bullish on long-term, is there any reason not to just buy LEAPS instead of shares outright? This could be extremely risky for “meme” stocks or stocks with poor fundamentals, but I was considering using this strategy mostly for ETFs like SPY or QQQ or companies with strong fundamentals like AAPL/MSFT/NVIDA/etc + +I was also thinking about using this for my tax-advantaged accounts (Roth IRA) where I can just set it and forget it + +Thoughts? I’m pretty risk-tolerant (as someone in their mid-20s) but I’m just concerned if this would this be an excessively risky move? +Can someone tell me what I’m missing? They say this stock is a short term hold and too risky as a long term hold. How is that true if it’s up 1,500% in the last 5 years and outperformed all other indexs and ETFs? It’s also up almost 20,000% in the last 10 years. + +What am I missing? +The wall street journal is reporting on Hertz (HTZ) again today. Sources say that Hertz is far from reaching a deal with their lenders. + +Hertz reportedly offered to pay $4 billion by selling off a portion of its fleet over the next few months if granted a 60-day extension by creditors, which was denied. + +Link: [https://www.wsj.com/articles/hertz-lenders-brace-for-losses-from-formerly-triple-a-bonds-11589992344](https://www.wsj.com/articles/hertz-lenders-brace-for-losses-from-formerly-triple-a-bonds-11589992344) + +I may have to eat my shoe, but I might also be right :) +I feel like I'm missing out on some part of the process. + + +Usually I will first screen for companies with a low P/E, companies that have just dipped, companies that some source deems undervalued etc etc. + +Eventually when I find a company that seems to be undervalued I'll figure out what the company actually does, read all relevant recent news articles, have a look at their past performance, their balance sheet, the management team, and their true competitive advantage. + +Then if I like it I'll do my intrinsic value calculation and buy some shares. + +Is there any part of this process I'm not doing right or is there anything I'm missing? I'd love to hear your thoughts. +So I have a friend who lives in Spain and his girlfriend worked in the US for 3 months in 2018. During that time she filed her taxes. Yesterday she and 60 other Spanish citizens in the same program as her received $1200 in their US bank account. This shit show was so rushed and we’re slowly going to find out how little of the money truly helped our economy. + +TLDR: checks going out to everyone in the world and their mom, SPY -69p 4/20 +When everything was going up, the concensus seemed to be that once you feel confident things are going to go up, it's sort of already too late to get the bargain. it's already 'priced in' and you should assume you're always the last person to know about any big financial news. ie you can't predict the future so don't even try. + +But it seems the same logic isn't being applied on the way down. Everybody seems confident that there's going to be a rough couple of years ahead, with further drops in the market. People talking about switching their supers, putting more into their offset account instead of shares. Essentially acting as if we're on a peak and they know the dips are coming. + + +But how is this not priced in already? Surely the recent dips *are* the reaction to the news of future unstability. ie the market has already reacted, we're late again - as we always will be. + +Whatever is true, must be true for both market going up and down, right? +I have 55k in student loan debt I haven't touched. I haven't filed my taxes yet because I know I'm going to owe a fortune thanks to my self-employment income but I'm scared to know how much exactly. I have a steady freelancing job but I feel like I'm getting screwed by it but don't have the stones to ask for a raise (or like, proper employment) and don't have anywhere else to go if I walk away. Unless I go back to minimum wage, I guess. + +I'm just so tired of thinking about work. About money. I'm strung the fuck out and I know something's got to change but it feels like all of my available options suck equally, just in different ways. I don't even want to get out of bed anymore. I'm paralyzed by fear and frustration. And I feel like a fucking idiot for not negotiating a proper contract when I first got hired for this freelancing gig. +New here and just read about the 10-11-12 system. A quick google search took me to [Journeymaninvestor](https://www.journeymaninvestor.com/best-dividend-growth-strategy-of-2021-10-11-12-system/)'s site. He says the first step is to sort the 2021 Dividend Aristocrats by Annual Dividend Yield, highest to lowest. He has a screenshot on the page... + +Is that spreadsheet available for download or did he make it himself? + +Thanks, + +Rogue +I haven't seen a lot of discussions about individual stocks lately so I wanted to mention **$DOW** because it looks like there's a lot of potential here: A company with good evaluations, a healthy dividend, and stock price appreciation! + +|Ticker Symbol|P/E Ratio|Dividend (Annual)|Dividend Yield %|Payout Ratio| +|:-|:-|:-|:-|:-| +|**DOW**|**6.05**|**$2.80**| **5.31%**| **31.10%** | + +* DOW is part of the Basic Materials/Chemicals sector which has historically been great for dividend and income investors. +* DOW has [increased its Revenue](https://www.macrotrends.net/stocks/charts/DOW/dow/revenue) every quarter since September 2020. +* DOW has decreased its Outstanding Shares every quarter since June 2021. Likely to continue due to their \[Share Repurchasing Program.\]([https://investors.dow.com/en/news/news-details/2022/Dow-announces-new-3-billion-share-repurchase-program-declares-quarterly-dividend-of-70-cents-per-share/default.aspx#:\~:text=MIDLAND%2C%20Mich.%2C%20April%2013,of%20the%20Company's%20common%20stock](https://investors.dow.com/en/news/news-details/2022/Dow-announces-new-3-billion-share-repurchase-program-declares-quarterly-dividend-of-70-cents-per-share/default.aspx#:~:text=MIDLAND%2C%20Mich.%2C%20April%2013,of%20the%20Company's%20common%20stock).) +* DOW (and their other affiliates) have made 443 consecutive dividend payments since 1912. +* A 31% payout ratio is very safe and with room to reinvest into the company for continued growth and more share repurchases. +* DOW is quietly playing a part in the [Electric Vehicle](https://www.dow.com/en-us/market/mkt-mobility/sub-mobility-electronics.html) market. + +If there is anything you'd like to add, please comment! I know I left out other notable facts about DOW. I just wanted to highlight a few important details that's worth knowing. + +I don't believe I've seen DOW in anyone portfolio so I believe it's worth researching more. I personally am adding DOW to my portfolio for diversification and hopefully more if the stock proves to be everything it's evaluations make it out to be. Or perhaps you want to just swing trade it because there is price resistance at around $60. But because of their growing revenue and share repurchasing program, $60 and beyond should be a cake walk. +Is this a good strategy or would I do better investing in growth stocks and index funds? + +If I started investing in dividends now at age 28, approximately how much dividend income could I be generating if I invest about 5000 a year until age 63. Are there calculators for this? +I’m 21, and I’ve just recently began investing. Only been about 2 weeks now, but I’m really determined to get this going. + +My question is, would it be a bad idea to transfer all of my savings into an ETF like SCHD? + +P.S any other tips or advice would be appreciated. +NextEra Energy Partners LP + +3,5% dividend yield, 63% dividend payout ratio. + +Limited partnership - dependent on the Next Era Energy. + +What do you think about thath? + +They are growing very fast, solar and wind energy is right now rapidly growing branch in this sector. +Is it time to sell the utilities in this rising interest environment? I haven’t owned them in this type of risk off market before. Is it worth the dividends in these, or move to something that can handle rising interest rates better. +I figured this is a good time to get other people's input on what their favorite stock that pays monthly dividends. + +I know short and sweet. + +Here is mine. + +$PSEC +Hey all, I'm a big spread sheet nerd and I'm looking at creating a google sheet for tracking all my dividend stocks and what they're returning. + +Does anyone have something like this set-up? If so, would you be willing to share a peak at it for inspiration? +I haven't seen a lot of discussions about individual stocks lately so I wanted to mention **$DOW** because it looks like there's a lot of potential here: A company with good evaluations, a healthy dividend, and stock price appreciation! + +|Ticker Symbol|P/E Ratio|Dividend (Annual)|Dividend Yield %|Payout Ratio| +|:-|:-|:-|:-|:-| +|**DOW**|**6.05**|**$2.80**| **5.31%**| **31.10%** | + +* DOW is part of the Basic Materials/Chemicals sector which has historically been great for dividend and income investors. +* DOW has [increased its Revenue](https://www.macrotrends.net/stocks/charts/DOW/dow/revenue) every quarter since September 2020. +* DOW has decreased its Outstanding Shares every quarter since June 2021. Likely to continue due to their \[Share Repurchasing Program.\]([https://investors.dow.com/en/news/news-details/2022/Dow-announces-new-3-billion-share-repurchase-program-declares-quarterly-dividend-of-70-cents-per-share/default.aspx#:\~:text=MIDLAND%2C%20Mich.%2C%20April%2013,of%20the%20Company's%20common%20stock](https://investors.dow.com/en/news/news-details/2022/Dow-announces-new-3-billion-share-repurchase-program-declares-quarterly-dividend-of-70-cents-per-share/default.aspx#:~:text=MIDLAND%2C%20Mich.%2C%20April%2013,of%20the%20Company's%20common%20stock).) +* DOW (and their other affiliates) have made 443 consecutive dividend payments since 1912. +* A 31% payout ratio is very safe and with room to reinvest into the company for continued growth and more share repurchases. +* DOW is quietly playing a part in the [Electric Vehicle](https://www.dow.com/en-us/market/mkt-mobility/sub-mobility-electronics.html) market. + +If there is anything you'd like to add, please comment! I know I left out other notable facts about DOW. I just wanted to highlight a few important details that's worth knowing. + +I don't believe I've seen DOW in anyone portfolio so I believe it's worth researching more. I personally am adding DOW to my portfolio for diversification and hopefully more if the stock proves to be everything it's evaluations make it out to be. Or perhaps you want to just swing trade it because there is price resistance at around $60. But because of their growing revenue and share repurchasing program, $60 and beyond should be a cake walk. +What’s up everyone, I am looking for companies that pay monthly dividends, not sure if there are any? +I would like to build a portfolio and get paid out monthly so that I can cover some expenses. If not monthly I guess quarterly will do. + +Any company recommendations would be appreciated. Thanks +About a month ago, there were several posts talking up Intel as a dividend & rebound play.... + +The stock is down 20% since then + +If you really want to make money in the stock market, this is when you hold your nose, go in and start buying. + +If you have $10k to deploy, buy $1k worth of stock today and put in limit orders for $1k for every dollar the stock drops and see how many will actually get filled. + +(note - I do not have a position in INTC) +Basically just the title. + +Ive been wanting to get into more dividends for the passive income. I already have a longterm investment portfolio with reputable names for long term. And I already started getting into more dividend tickers with it as well. Mainly SCHD. + +Would it be more beneficial to just have a separate account to strictly track only dividend tickers in it. What do you guys think? + +&#x200B; + +Thanks. +https://www.wsj.com/articles/strong-stocks-during-high-inflation-11654263353?mod=hp_lista_pos1 + +Investors commonly hear that when inflation surges, it is best to put your money into physical assets that track the jump in prices, with real estate often suggested as the best option. But physical assets, particularly properties, generally can’t be bought as easily or quickly as securities, and acquiring them often entails significant transaction costs. + +The second-best option is usually to rebalance your stock portfolio to shift it into industries that do well in an inflationary environment. So, when inflation surges, what industries do best for a stock portfolio? + +To sum up: Shares in real-estate investment trusts or companies in the real-estate industry are not the best option. Stocks in the materials and energy industries outperform all others by a long shot, according to the findings of a study I conducted with my research assistants, Zihan Chen and Yiming Xie. + +The median real-estate stock delivered a 3.32% annualized return over the three periods, far below the annualized returns of 18% for the median energy company and 16.81% for the median materials company. + +On the opposite end of the spectrum, healthcare (including pharmaceuticals) performed the worst, with an annualized return of minus 8.44%, followed by consumer staples at minus 6.73%, consumer discretionary at minus 5.71%, utilities at minus 4% and technology at minus 3.64%. + +The negative results for healthcare, tech and consumer discretionary are understandable, because these are interest-rate-sensitive industries. But the results for consumer staples and utilities might surprise some investors, because these are often thought of as safe assets in rough times. + +At the end of the day, the best move for investors who want to reposition their portfolios quickly when inflation is surging is to shift into materials and energy companies. +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! + +Let's find out the average age of an /r/EthTrader + +---- +Inspired by [this post](https://www.reddit.com/r/ethtrader/comments/59393y/daily_discussion_24oct2016/d96s1hm/?context=3), let's find out the real average age of us /r/EthTraders. Participation is completely anonymous. + +---- +|Vote Button| Poll Options|Current Vote Count| +|:-----------:|:------------:|:------------| +|**[Vote](http://redditpoll.com/vote/2OENiK8r)**|<16|**6** Votes +|**[Vote](http://redditpoll.com/vote/851QSrbQ)**|16|**0** Votes +|**[Vote](http://redditpoll.com/vote/AmxZhgWK)**|17|**4** Votes +|**[Vote](http://redditpoll.com/vote/ZQveCDqJ)**|18|**1** Votes +|**[Vote](http://redditpoll.com/vote/DbkEiLym)**|19|**8** Votes +|**[Vote](http://redditpoll.com/vote/OkdwTk6D)**|20|**8** Votes +|**[Vote](http://redditpoll.com/vote/EANJFj4m)**|21|**10** Votes +|**[Vote](http://redditpoll.com/vote/J3eLCyre)**|22|**13** Votes +|**[Vote](http://redditpoll.com/vote/mQl4C71O)**|23|**14** Votes +|**[Vote](http://redditpoll.com/vote/v524S0oq)**|24|**11** Votes +|**[Vote](http://redditpoll.com/vote/PW6oteJX)**|25|**22** Votes +|**[Vote](http://redditpoll.com/vote/yKZ4cnqQ)**|26|**13** Votes +|**[Vote](http://redditpoll.com/vote/jXNvSmng)**|27|**10** Votes +|**[Vote](http://redditpoll.com/vote/bzV8fOpe)**|28|**24** Votes +|**[Vote](http://redditpoll.com/vote/Mv0VSx9j)**|29|**10** Votes +|**[Vote](http://redditpoll.com/vote/W9EXUdKX)**|30|**15** Votes +|**[Vote](http://redditpoll.com/vote/qZg4fAwK)**|31|**16** Votes +|**[Vote](http://redditpoll.com/vote/4zmXfqAP)**|32|**15** Votes +|**[Vote](http://redditpoll.com/vote/34J7SDvQ)**|33|**21** Votes +|**[Vote](http://redditpoll.com/vote/1oO3tO10)**|34|**14** Votes +|**[Vote](http://redditpoll.com/vote/ppQ4iGW3)**|35|**17** Votes +|**[Vote](http://redditpoll.com/vote/Lbg5io8l)**|36|**8** Votes +|**[Vote](http://redditpoll.com/vote/n9r4UWdD)**|37|**6** Votes +|**[Vote](http://redditpoll.com/vote/PW6oteJj)**|38|**5** Votes +|**[Vote](http://redditpoll.com/vote/yKZ4cnqL)**|39|**6** Votes +|**[Vote](http://redditpoll.com/vote/jXNvSmQl)**|40|**13** Votes +|**[Vote](http://redditpoll.com/vote/bzV8fOGx)**|41|**6** Votes +|**[Vote](http://redditpoll.com/vote/Mv0VSx34)**|42|**2** Votes +|**[Vote](http://redditpoll.com/vote/W9EXUdP2)**|43|**8** Votes +|**[Vote](http://redditpoll.com/vote/qZg4fAZ9)**|44|**6** Votes +|**[Vote](http://redditpoll.com/vote/4zmXfqmp)**|45|**4** Votes +|**[Vote](http://redditpoll.com/vote/34J7SDmZ)**|46|**2** Votes +|**[Vote](http://redditpoll.com/vote/1oO3tOdA)**|47|**1** Votes +|**[Vote](http://redditpoll.com/vote/ppQ4iG86)**|48|**2** Votes +|**[Vote](http://redditpoll.com/vote/Lbg5ioPA)**|49|**2** Votes +|**[Vote](http://redditpoll.com/vote/n9r4UWgp)**|50|**3** Votes +|**[Vote](http://redditpoll.com/vote/5dvlHMOw)**|51|**1** Votes +|**[Vote](http://redditpoll.com/vote/VZO7fOKV)**|52|**4** Votes +|**[Vote](http://redditpoll.com/vote/KjQnSG77)**|53|**2** Votes +|**[Vote](http://redditpoll.com/vote/wx84hnxn)**|54|**0** Votes +|**[Vote](http://redditpoll.com/vote/o1e4iwnE)**|55|**3** Votes +|**[Vote](http://redditpoll.com/vote/xEA4hEx5)**|56|**2** Votes +|**[Vote](http://redditpoll.com/vote/9VpgfP3v)**|57|**1** Votes +|**[Vote](http://redditpoll.com/vote/zw34i8Zn)**|58|**0** Votes +|**[Vote](http://redditpoll.com/vote/kE73h9zb)**|59|**1** Votes +|**[Vote](http://redditpoll.com/vote/NvGKSbZ8)**|60|**1** Votes +|**[Vote](http://redditpoll.com/vote/7nyeHwnW)**|61|**2** Votes +|**[Vote](http://redditpoll.com/vote/X7JlHwbZ)**|62|**0** Votes +|**[Vote](http://redditpoll.com/vote/ljX4SOmx)**|63|**0** Votes +|**[Vote](http://redditpoll.com/vote/r204Hyg9)**|64|**0** Votes +|**[Vote](http://redditpoll.com/vote/e9oDUNr6)**|65|**0** Votes +|**[Vote](http://redditpoll.com/vote/Qw2xiPjm)**|>65|**2** Votes +---- +**Instructions:** + +* Click Vote to Register Your Vote. + +---- +**Note:** Vote Count in this post will be updated real time with new data. + +---- +Make Your Own Poll Here **[redditpoll.com](http://redditpoll.com)**. + +---- +See live vote count **[here](http://redditpoll.com/poll/lets-find-out-the-average-age-of-an-r-ethtrader)** +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 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! +[6 Top Warren Buffett Stocks Still Have Big Upside, Analysts Agree](https://www.investors.com/etfs-and-funds/sectors/warren-buffett-stocks-still-have-big-upside-analysts-agree/?src=A00612A&refcode=Organic%20Social%7CReddit%7CReddit%7C2021%7CFeb%7CI.com%20Article%7C0%7C%7C820757) + +>Six U.S.-listed stocks in Buffett's **Berkshire Hathaway** (**BRKB**) portfolio beating the S&P 500, including communications services company **Liberty Global** (**LBTYA**), consumer discretionary plays **General Motors**(**GM**) and **Amazon.com** (**AMZN**) plus tech giant **Apple** (**AAPL**), still have more than 15% upside until hitting analysts' 12 month price targets, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and **MarketSmith**. + +The article goes on to say that hopes are highest for Liberty Global and that it could hit 34.69 a share. +I have a student loan debt balance of roughly $300,000. I accrue approximately $1,000 in interest each month. My highest interest rates are 7% and they are all through the government; the vast majority are "Grad Plus" loans and the interest that has already grown on them. Right now I make $75,000 per year in California and I love my career. I am a whole, happy, healthy, very fortunate individual but I am lost with how to move forward with this debt. + + +This debt was all incurred from law school. I attended one of the best law schools in the United States, one of the top ten schools. On average, students leave making 160k, and even out of my gifted peers, I knew I could rise to the top. I dreamed my entire life of being accepted at the school and when I got my admission phone call, I cried under my desk at work. + + +A week before law school started my boyfriend died in our apartment and I found him. I was a shell of a person. I went to ahead with school to avoid the pain and the shock. Binge drinking in law school is the norm, for me it became all consuming. I left law school with the dean's permission to go to inpatient to treat my drinking problem. I've been heavily involved in the Young People in Alcoholics Anonymous Program since that fateful date and celebrated 2.5 years of sobriety last month. However, when I went back to law school to finish my education, any chances of landing a six figure job had went out the window. My sobriety threatens my career and even my bosses aren't aware or my "extracurricular" activities. + +I say this all to explain how easily my life and my well laid plans were derailed. I don't know if it justifies anything, but I get criticized frequently for going to a school I couldn't afford and taking out loans that will follow me for decades --- for making poor choices. I don't think they were poor choices at the time, and I'm proud of where I'm at today, but I need constructive advice on what to do with my paychecks and any savings. + +I spend about $1,500 in rent and utilities; $300 per month in doggy day care (my dog keeps me accountable in sobriety and I accredit a lot of my happiness to her presence so getting rid of her isn't an option); $500 per month in student loans (which is half of the interest that accrues each month because of the PAYE program); $200 per month in food; $200 per month in gas; I contribute 1% of my paycheck to my matched 401k; I'm 28 years old now. + +I can scrape by some savings. Since starting my job in September last year, I've saved up $6,000. I don't know what I should be saving for? Should I contribute every last penny to my student loans? Should I save up for a down payment on a house mortgage? Are there are investing options? I just don't know what to do now.... this loan won't stop growing for the next 20 years and I'm lost. I'm an adult, I'm to blame for it, and I don't know how to face it. Any advice would be much appreciated. +MT.Gox is ruining Bitcoin with the lag, so stop using it! there are many other great exchanges, like: + +https://www.bitstamp.net/ + +http://bitcoin-24.com/ + +https://btc-e.com/ + + +And much more: https://en.bitcoin.it/wiki/Category:Exchanges +>China’s plans to bolster growth as Covid outbreaks and lockdowns crush activity will see a whopping $5.3 trillion pumped into its economy this year. +> +>The figure -- based on Bloomberg’s calculation of monetary and fiscal measures announced so far -- equates to roughly a third of China’s $17 trillion economy, but is actually smaller than the stimulus in 2020 when the pandemic first hit. That suggests even more could be spent if the economy fails to pick up from its current funk -- a [possibility](https://www.bloomberg.com/news/articles/2022-05-18/china-has-enough-policy-room-for-economic-challenges-li-says) raised by Premier Li Keqiang earlier this week. +> +>Bloomberg’s calculation of financial support pledged so far for 2022 amounts to 35.5 trillion yuan. On the fiscal side, we’ve added China’s general budget expenditure with the amount of money issued through local government special bonds and tax and fee cuts. Monetary policy support includes hundreds of billions of yuan in liquidity unleashed by the People’s Bank of China through policy loans, cuts to reserve ratios for banks, as well as cheap loans to help small businesses and green projects during the pandemic. + +Stock futures are up! + + [China’s Stimulus Tops $5 Trillion as Covid Zero Batters Economy - Bloomberg](https://www.bloomberg.com/news/articles/2022-05-19/china-s-stimulus-tops-5-trillion-as-covid-zero-batters-economy) +The only things higher than Elon Musk's Tesla are the debts of global economic lynch pins like the US and China. By the time this debt quagmire morphs into a debt crisis it'll be too late for your hard-earned fiat. The only thing we'll be able to buy with cash then will be a ticket to the premier of Quantitative Easing 2: Inflation Boogaloo. Buy gold if you want, buy land if that's your style. Personally, I'll be buying the simplest, most liquid, most mobile deflationary asset around: Bitcoin. +Original post:https://np.reddit.com/r/CryptoCurrency/comments/sanct2/my_government_announced_1_year_jail_time_for/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +I contacted many Embassies and they didn't approve when I applied for political asylum.I have been staying off this Reddit account as the security here is tightening even in small cities where I'm currently in.There are checkpoints literally 10 minutes walk away from each other where they check phones.The military checks our phones for vpn and Facebook and messanger.As for crypto,they are not bright enough to understand it at the moment but they check our phones for Binance(idk why).I put all my funds in a Trust wallet and deleted Binance.A hardware wallet is currently on the way which I bought with the money some of the guys from this subreddit provided.More than 90% of my portfolio currently was contributed by some members of r/cryptocurrency.I possess an amount of money($1***) which I couldn't even imagine I could have,thanks to this sub.When my hardware wallet arrives,I will move all of my funds into it and wait patiently and keep investing hoping that one day I can save enough to take my family out of this hellhole of a country.I will keep using this Reddit account and even if I got out of the country,it would be mainly because of this subreddit.Honestly I couldn't believe my eyes when some of you guys sent me,an internet stranger they just met,actual money in the form of crypto.Crypto basically changed my life.I'm now using a more secure vpn with a subscription.Thanks members of r/cryptocurrency. + +Is this even the right place to post this?Please tell me if it's not. + + +Summary: + +Give post authors a way to remove the post and all comments from the Moons payment system, ie demonetize the post and all comments. + +Problem: + +I feel that there have been many negative issues caused by the direct monetization of posts with Moons. It pays people to optimize for actions that are the opposite of reasoned discourse. It further requires administrative overhead and rules to prevent things from melting down completely in a race to the bottom for short term monetary gains. + +Solution: + +This proposal would remove the post and all comments from consideration for Moons rewards. The method would be a title containing, without the quotes, '\[NoMoons\]'. The title of a post is immutable after the post is made and still allows flair to work as a filter. + +This can also be an experiment to see if it makes a difference in the quality of the discussions on [/r/cryptocurrency](https://www.reddit.com/r/cryptocurrency), + +Concerns: + +My biggest concern is that there may be people who depend on the money they earn here, not all redditers are first world. This would not effect them, they could just ignore the demonetized posts + +Notes: + +Original draft and discussion: [https://redd.it/px4apt](https://redd.it/px4apt) + +[View Poll](https://www.reddit.com/poll/rmwg5n) +For several years of my adult working life I have paid taxes as well as reported taxes from abroad to the IRS. Over the years I watched as my money went to support a war that exacted revenge on a terrorist leader (deserved) and then extended ten years later than it should have, giving allies of that terrorist leader weapons, equipmentand vehicles that you built, again using my money. + + Now I see bills being proposed that call for surveillance of every aspect of my financial life worth 600 USD or more while you give banks a slap on the wrist for laundering money for drug cartels, and give u.s. senators zero repercussions when participating in insider trading. + +I will renounce my citizenship and keep my bitcoin abroad unless that bill is struck down. Here I propose an alternative and it's generous one: Make bitcoin legal tender and allow people to use it as an every day currency. Tax merchants at half of each states present state tax rates. If I pay 10 USD in taxes for 100 USD of consumer goods, I want that turned in to 5 USD. The short term will be volatile but in long term it will be prosperous for America. + +Take it or leave it. I've already been on a boat that is sinking for several years one way or another. + +EDIT: At this stage the American government cannot hope to practically tax bitcoin in any other sense of the term, unless it were to go through merchants and sales tax or taxing a coproration. The longer you hold, the more you stand to be rewarded. If you have one bitcoin, move to another country, and then work towards citizenship in that country, the FIAT value of your BTC holdings might be greater than the taxes the U.S. would levy on your BTC after you gained citizenship of that country and relinquished your U.S. citizenship. Make sense? great. + +EDIT 2: I have enough BTC to buy a house in some places in America, and I was dreaming of it, but the way I see new financial legislation being proposed, the more and more I think there is a silent majority of Americans living abroad that just will not go back. +[https://freefincal.com/aggressive-hybrid-funds-performance/](https://freefincal.com/aggressive-hybrid-funds-performance/) + +Good article on how aggressive hybrid funds beat NIFTY TRI even with lower risk. + +* S&P BSE SENSEX – TRI **15.66** +* NIFTY 50 – TRI **13.48** +* CRISIL Hybrid 35+65 – Aggressive Index **10.66** +* S&P BSE 200 – TRI **10.38** + +**Aggressive hybrid (35 Debt and 65 equity) returns** + +&#x200B; + +* BNP Paribas Substantial Equity Hybrid Fund(G)-Direct Plan **17.97** +* Motilal Oswal Equity Hybrid Fund(G)-Direct Plan **17.59** +* Axis Equity Hybrid Fund(G)-Direct Plan **15.86** +* DSP Equity & Bond Fund(G)-Direct Plan **15.34** +* Kotak Equity Hybrid Fund(D)-Direct Plan **14.97** +* LIC MF Equity Hybrid Fund(G)-Direct Plan **14.53** +* SBI Equity Hybrid Fund(D)-Direct Plan **14.15** +* Mirae Asset Hybrid Equity Fund(G)-Direct Plan **13.83** +Hello, + +I'm new to the direct investment online platform scene and was wondering if you could help me out. + +I have narrowed down my options to the following: +ET Money +Kuvera +ArthaYantra +Groww +Coin by Zerodha +Piggy + +In terms of UI, customer service, price, reliability and type of service offered, could you let me know which of these would be the most preferable? +Hi guys, I recently came across this card and wanted to ask if anyone of you has used it ? Is it good ? + +If these guys give loan without interest, what is the benefit for them ? + +This is their website - [https://www.bajajfinserv.in](https://www.bajajfinserv.in/emi-network-emi-card) + +They also don't have any foreclosure charges. +https://www.valueresearchonline.com/funds/16854/franklin-india-ultra-short-bond-fund-super-institutional-plan-direct-plan/ + +https://www.moneycontrol.com/mutual-funds/nav/franklin-india-ultra-short-bond-fund-super-institutional-plan-direct-plan/MTE379 + +The fall in NAV has started. The holdings are being liquidated at discount. This is just starting. +Hello, + +I'm new to the direct investment online platform scene and was wondering if you could help me out. + +I have narrowed down my options to the following: +ET Money +Kuvera +ArthaYantra +Groww +Coin by Zerodha +Piggy + +In terms of UI, customer service, price, reliability and type of service offered, could you let me know which of these would be the most preferable? +Hello + +What is the total no of stocks in your portfolio? I have around 60+ good stocks which I know is plenty. Is there a way you guys follow to keep it under control. This is something I acquired over five six years. Is there a way you dissolve these in a particular condition. And what would be a magical number of stocks for enough diversification? +For people who use credit cards, which are your favourite cards and why? + +I like citi indian oil card as it offers great points on fuel refill. + +Rest all currently are just collecting dust. + +In other forums , I see people talk of using card to great benefit. Are there any blogs etc I can read up on in Indian context? + +current usage + +1. Fuel +2. grocery +3. Amazon or other online platforms +Tata is launching an one stop service platform Tata digital in December, which tata entity will be handling the venture? Maybe will buy it's stock for long investment. +How good is the content and the model equity and fixed-income portfolios available for Capitalmind premium subscribers? Is anyone here a premium user + +&#x200B; + +Also, has anyone invested in their smallcase 'Capitalmind momentum'? I tried looking at the stocks and weights, but only their premium subscribers have access to view it. +Let's say that theirs this nice condo I'm looking at, is it worth getting a mortgage on it or just renting it by lease. Money wouldn't be an issue exactly but not sure if theirs benefits to buying it instead if leasing +Im going to start a new job making 48k a year.. Getting paid biweekly. I live with my parents in the suburbs.. No car but plan on moving to the city sometime next Year so I want to save for an apartment in NYC. (7-10k) Also by the end of the year be credit card debt free or at least score 670. + + +. I have 6k in debt on credit cards +. Since I don't have a car my dad offer to drive me to the train station and if he can't it's $10 each way. ( our deal before college was he will help with bachelor's and anything eelse on me or a car. Also helped I got a 13k scholarship) +. Have about $800 in 401k ( previous employer allowed that once you made 2 years and I have been working there 3) going to switch to 403b which new employer has. +. Train tickets... $382 monthly or $122/week +. $100 phone bill (I'm currently lease and planning to eventually pay out right so it will lower cost) +. $50/month on subscription services. +. I use a service called meal pal for lunch or I try my best to pack my own +My company does a dollar for dollar match up to 6% which I’ll obviously do. My question is, should I do that entirely as a Roth 401k? (Yes, they offer it, I checked). I obviously know the benefits of a Roth being that down the road when I pull it it’s all mine and I owe nothing to the tax man (I’m 32 if that helps). So my gut tells me to obviously do 6% as all Roth and call it a day. However, could this be a bad thing since the employer matches a lower amount if it’s post-tax Roth rather than pre-tax traditional? That’s where I’m stuck. I make low-mid 6 figures if that’s important. +Well, title say it all but that's the case my friend not very close has offered me to make the investments for me, as a broker I suppose, I've wanted to invest 3000 dòlars but he doesn't offer me security as he want to do it in without paying taxes, I don't want to I'm scared, maybe it's normal. + +What I should do? Need a security net, what can I ask him to prove he's not gonna scam me? Maybe I just need to tell him no? I know 3k in investments are not too much of a big deal but it's my first time, and I don't really understand this world. + +I just prefer someone who can give me the security that he's not gonna scam me. Asking too, platforms or groups that manage your investments? People or roboadviser? Those automatically invest bots. + +Thank u +Hi all. I just finished “The Undoing Project” and was looking for further reads. What are good books, essays, newsletters, etc that you have read or read currently? I’m looking for things related to financial planning, finance, economics, behavioral, classics, honestly, feel free to fire away with literally anything you like. +I’ve got $2000 here, $4000 there, $10000 and $40000 somewhere else. I’m purely hands off with my investments because I don’t have a clue. When I read “diversify your profile” it may as well be gibberish. +When I left a job of 10 years I followed recommendations to consolidate into a Roth IRA and roll the rest over into a regular IRA, but in doing so I took a big penalty. Now I see my retirement savings getting slowly whittled away from annual fees. +I’m now with a new job with a matching 401K or 403B or some such (see? Clueless) and unsure if I should plop it down there or ??? +Any help in simple language appreciated. +Signed, A Money Moron. +So my grandfather passed away and left me 15K, I am around 20 and doing great financially where I will not need to touch this money. What is the best option for me? I am not asking specifically like which stocks or which mutual fund, but instead which is the best way to put it to retirement while paying as little taxes as possible? +I think I already know the answer to this but would love feedback. 45, married. Planning to work to 62. 650k in traditional 401k, 250 in Roth. Currently in 24% tax bracket. Husband has a pension so our tax bracket won’t drop dramatically in retirement. I have been splitting my 401k contributions half to traditional and half to Roth. Paying all the tax now is uuuugggh. Should we just bite the bullet and do it all Roth? +28 years old. Long story short I tried to be a chef for 7 years, that didn't work out as my pay maxed out around 13 and hour, and the long hours were brutal on my body (not to mention the alcohol problems I gained along the way). + +I switched over to construction and started back at the bottom making minimum wage, occasionally getting jobs that paid 40 an hour or more (prevailing wage), but only for a few days at a time. "Sometimes we eat chicken, sometimes we eat the feathers." Was our motto. Owner died, company folded and I was left unemployed, and about 10k in debt. + +Anyways after a long struggle with alcohol addiction I have moved to an entirely new State and joined a local workers union, where they will pay for my schooling as well as help me find jobs when I'm laid off. I get a raise every 6 months so long as I'm going to school and working/ turning in all paperwork I need to. I started as a helper back in July making 13 an hour and now I'm a full on apprentice making 18 and change after my second raise! In a few years I'll be making 30+ once I reach journeyman status. + +My girlfriend is working too, for the first time in our lives we have our own HOUSE with a YARD omg it's so exciting. I'm 5 k in debt right now but I would have been a hell of a lot deeper had I not quit drinking and joined this union. My truck recently needed 2k work of work done but I had the money (OK, I had paid off some credit card debt and had funds available but it's still a win in my book). We've got a fridge full of food and clean working vehicles that should last us another 150k if we take care of them. + +All in all, life is looking up right now. Thank you guys for your inspiring stories, they've really helped me keep my head up. + +Anyways, if you wanna know my plan it's basically this: + + income - bills - 200/wk for cc debt whenever possible = $30 to live on a day. + + That includes gas and food and seems pretty reasonable to me. + +Edit. And I have health and dental insurance! + +I’m a food and bev employee and to be honest I wasn’t making much. However I just hopped from $14-$17 an hour because the industry is so volatile right now. I hope I can finally save some money because working just to pay rent and buy groceries has been unbelievably disheartening. So as of now I have -$30 in my account (and I’ll have to deal with the $30 fee thanks Wells Fargo)— but I’m going to try my hardest to get out of this financial mess and I’m sure you all will be able to as well! Cheers and happy holidays +I feel like I might be so caught up in the forest that I might not be able to see the trees, but I am feeling the heat of my budget and feel very stuck. Details 24, low-mid COL, 57k, own a small home (rent a bedroom out), own my car outright and own a dog. + +After taxes/ Roth 401k I bring home $803 per paycheck (weekly, so \~3212 monthly) + I get $650 in rental income from my roommate. It FEELS like I am squeezed (& it didn't use to feel that bad, thanks inflation). Currently I put away $50 a month to a Roth IRA (which I hear isn't enough) and I've been "faking" a car payment ($300 a month) for about 6 months because my car is most likely going to need a transmission repairs in the coming year and depending on the car market it might be cheaper to buy a new car. + +Either way, even following the 50/30/20 rule, my bare necessities now go over 50%. My mortgage breaks even (without my roommate) with most apartments locally and doesn't have nearly the space and yard that I currently have. I know that the cost of socializing is a lot and my old budget didn't really have a ton of spending money for dinners or drinks with friends, but even then my "going out" budget is $200 a month now--that shouldn't wreck my budget. + +But between saving for a new car, saving for potential house issues, saving for my emergency fund, and even trying to sock some money away from a vacation and trying to put away $500 a month towards a Roth...it seems impossible. Hell, I'm trying to save 3 months of income for an emergency fund and even that sounds impossible at this point. + +How do people do this? + +EDIT: My Bare Essentials Budget: Savings wise I pull $100 a week into high interest savings account for my emergency fund, save $150 monthly for 1% of my home purchase price for house emergencies, and put $50 a month in my Roth IRA (which I do out of obligation, my mom clerked at American Funds when I was born and back in the day (lol) they gave accounts with 0 fees to all employee children. I've put in some amount (used to be $5-10 a month) as soon as I started having income because I felt guilty having an awesome opportunity and feeling it was "wasted". + +&#x200B; + +|Mortgage+Escrow|$1040| +|:-|:-| +|Utilities (Electric/Water/Trash)|$175| +|Internet|$63| +|Groceries|$300| +|Gas|$175| +|Registration/Insurance|$105| +|Car Maintenance|$50| +|Sadie (Dog: Food, Treats, Annual Vet Bill, & Grooming)|$180| +|Copays/Prescriptions (trying to save enough to have my deductible eventually)|$75| +|Therapy|$200| +|House Stuff (Cleaning supplies, air filters, toilet paper, etc)|$50| +|Personal Care/ Hygiene|$25| +|TOTAL ESSENTIAL COST|$2438| + +\+ 620 in savings, I have about $500 a month left for all the fun things, but between cost of gas rising (finally going down) and groceries, I have been tight at the waistline. I go out for a drink with friends once a week, usually dinner 1-2 times a month. That's $150 right there. +I basically won award money that I forgot to include in my income in 2012. My taxes were complicated and I was 21 and dropped school and made a lot of money that year in a different state. I went back to school, spent most of my money on 3 years of living expenses and tuition, etc. I now have a sort of low-paying job (33k) now that I'm graduated. I already have some student loans left to pay as well. I only have 4k in savings. It's a federal holiday so I can't get a hold of anyone at the IRS. Is there anything I can do about this? Get the 1500 dollar late fee waived? Get a payment plan? + +EDIT: Thanks a ton for all the responses! The reported 0 for the missing 16k is correct, but I don't know if the money i owe is yet so I will look into it. It looks like the plan is to negotiate this down after talking to a CPA. But I'm not sure how to find a local good CPA near my work (so I can hike over during lunch break or something). That can be figured out though. +So according to gov.uk i have to make 35 years of National Insurance contributions to qualify for the full state pension of £185/week. My account says I have 19 more years of contributions to pay until I qualify for full state pension, which will take me to 52. + + +I also have the option to pay about £2000 voluntary to fill in 3 missing years of contributions, which would give me 16 more years until I qualify for full pension. + + +I know I can't access my state pension until I'm 67, so is there any benefit in paying this off early? Do my national insurance contributions change once my state pension is paid off? + +**update** Thanks everyone, sounds like there's no benefit from paying my 35 years of contributions off early unless I'm planning on going abroad, and I'll probably die before I get my state pension anyway! Appreciate all the advice! +I’m seeing a lot of people on this subreddit talk about dipping into their emergency funds during this Covid-19 pandemic. Obviously this isn’t something that anybody wants to do, but I presume this is exactly what they’re designed for. Without trying to be insensitive, these posts have really inspired me over the past few weeks, and today, I have started my own. + +I still have my job (to date), and am still working and not furloughed, but my company has taken a big hit from the pandemic and I expect some redundancies to be made. I’m at the very start of my career and thought I could get away with putting off a proper emergency fund for a couple of years until I’d sorted out buying a house etc. I also struggle to commit to things if the end goal seems so far away, and the prospect of saving for months to build up this pot was originally discouraging. This crisis has given be a bit of a ‘kick-up-the-arse’ so to speak and made me realise just how unstable and fragile the world economy can be. + +My first goal is to save up 3 months of bills for me and my partner. Even though my partner has a relatively safe public sector job compared to me, I’m working on the assumption that we both lose our jobs and need to hold out for a few months. I’ll be a few months off reaching that target goal, but I guess any savings made each month are better than none. + +Thank you to all of the people sharing their stories and waking me the hell up. Not only have you protected yourself and your family by setting up your EF, but you’ve also encouraged somebody else to start their own and improve their own financial security. I just hope that I haven’t left it too late and can hold out until I need it! +My father who is nearly 80 and slightly vulnerable went to a Car dealer and put £1k down on a VW used car from an approved vw dealer. He wasn’t told it was non refundable and on his receipt has a list as long as his arm of additions he didn’t ask for. Interior clean £250 being one, From an approved dealer! + +Anyway he changed his mind within a few hours and emailed them later that day to cancel. He then received a call from the salesman saying not to worry and they would sort it. 2 days later he gets an email from the boss stating he can transfer the amount to another car but no refund. + +My dad starts to worry and contacts them again to escalate. They say due to his escalation they have forwarded his request to their sales director called (example) John A but refuse to give any direct numbers/emails.... + +After no response again for several days I decide enough is enough and find John A on LinkedIn... I email him asking for help and confirmation its in hand. As it happens John A left the company a year ago and kindly provides me the name/email of the new Sales Director. + +I’ve emailed the initial salesman from my fathers email ignorantly pretending i believed everything and asked him to confirm we are still waiting for ‘John A’ to respond. I want this lie in writing!.... + +What should I do next. I know they will argue the fee is not refundable but my father wasn’t told this, plus mis sold, plus lying to an old man... I need some advice please! + +TLDR. Salesman lying about escalating to his boss. Using false names. No progress on refund. What next? +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. +I get called cheap a lot. I buy store brand or bulk, cook my own food almost from scratch, rarely go out to eat, keep the heat/AC off, went to community college, have a car that is ugly and over 20 years old, $1K rent of okay place by myself, and look at the prices first when ordering food. + +I have been doing these things for as long as I can remember. All this has come out to me having $10K in the bank, $44k in former college fund started when I was little, $12k in other investments, $0 debt of any kind. My only vice which could be considered is Magic The Gathering but that's only $100 at set release (about every 3 months) and $15/week for drafts with some purchases for singles. + +I like the idea of a safety net should things fall apart and hate the culture of "get money, spend that money immediately on frivolously luxuries". + +Am I being overly frugal? +I have a sizeable emergency fund - I’m particularly cautious. But it’s currently (stupidly) in an Instant Access Saver with Nationwide earning - wait for it - 0.03% + +If you had an emergency fund of £20k plus where would you advise putting it? + +UPDATE: Thanks for all the help! Plenty of comments. I've actually gone ahead and opened an Income Bonds account with NS&I and transferred the majority over. Was super easy! Thanks all, again. +Hi, I recently got my second big girl career job, and I'm not sure what to do with my previous employer's pension. The way I see it, my options are: + +1. Leave it as is. I don't really want to do this, as in 20 years I don't want to be trying to keep track of 6 different pots. + + +2. Transfer it to my new employer's pension. + + +3. Transfer it to a SIPP. This seems advantageous as I can move all of my various pensions over time into the SIPP. + + +I'd really appreciate any advice! +I guess people were right. These dips/crashes really are what separate the real hodlers from the paperhanders. I was very confident a couple weeks ago and said I would "never sell for a loss". + + +Yet there I was yesterday, literally selling my BTC at a loss. I couldn't believe it. When push came to shove, I ended up crumbling... +Just a couple days ago, when it was at $40,000, I said, "Why would I sell at such a bad price?" But when it dropped to $36,000, I'm not sure what took over me to make me sell... Now I know that, realistically, I would not have held if I had BTC at $1.00. + + +I guess I didn't expect the whole sub's sentiment to turn upside down and bears to be out in full-force. All the "$100K EOY" talk suddenly turned into "$20K" and "3 year bear market". I really fell for the FUD *hard*. + +I'm relatively new to crypto, but I hope this experience will now prevent me from making the same mistake again. I'm now more prepared for the future. + + +I'm back in the game now- bought BTC and ETH at maybe a slightly worse price than what I sold it at. But now I've changed my mindset and I'm holding long term. I'll delete my app and forget about crypto for a while now. + +I hope others who made the same mistake as me can reflect on it and come out stronger. +I made an alternative account for safety reasons. I've been with my (now ex) boyfriend for four years. We have a two year old and I am currently seven months pregnant. We live(d) together and I had to stop working my part time job because of preeclampsia. He's always been sort of an asshole to me but a few nights ago it escalated and he choked me in front of our two year old. Then he acted like it never happened and like I was making "mountains out of molehills". Yesterday I packed what little I have while he was at work and just drove off. I slept in the car in a Walmart parking lot with the baby and will probably do it again tonight. I have no money. No living family. No friends. I'm lost. I don't know what to do next or where to go from here. I will do whatever it takes to protect my daughter and my unborn child. I desperately need advice. I am almost out of gas. What should I do? I have nowhere to go and no money. Please help. Are there any resources that could help me? I'm in southern California. +Hi guys, it was hard to find this info but I finally found it. + +The article below shows the price cap per unit for April 2021. This was 19p per unit for electric and 3p per unit for gas. + +https://www.ofgem.gov.uk/publications/energy-price-cap-increase-april-consumers-should-switch-save-money + +We know in October there is a 12% increase to the cap so the figures should be round about assuming same breakdown of costs. + +21.28p unit for electric. +3.36p per unit for gas. + +Octopus are currently offering me 19.74p per unit electric and 3.759p per unit gas on a variable deal. + +Offering me 23.772p per unit electric and 5.607p per unit gas on a 12 month deal. + +So can see fixed deal is considerably higher, and thats not taking into account the standing fee increase on gas as well. + +So from what I understand there wont be much leeway for these variable prices to increase because they already around the cap level, which probably explains why octopus energy fixed deal is so much higher as fixed price deals are exempt from the cap. + +The ofgem cap probably will go up on next review, but its in April 2022 when it can next be increased, 6 months away, half of the term of the fixed rate deals. + + +--UPDATE--- + +Someone found the published TCR rates for October 2021, the good news is they are still significantly lower than the fixed rate deal, the bad news its higher than my calculated gas unit values. + +https://www.ofgem.gov.uk/publications/record-gas-prices-drive-price-cap-ps139-customers-encouraged-contact-supplier-support-and-switch-better-deal-if-possible + +**From 1 October the equivalent per unit level of the price cap to the nearest pence for a typical customer paying by direct debit will be 21p per kWh for electricity customers and 4p per kWh for gas customers.** +That's about $42 per paycheck that is being taken out of my paycheck that doesn't need to be taken out. I am single, no dependents so I'm not sure if checked the right boxes when filling out the tax documents with my employer? +I've reached the point in my FIRE path where I have a chunk of money to start investing with. I'm researching which specific broker to use and feeling overwhelmed because not only are there there various traditional brokers such as Vanguard, Fidelity and Charles Schwab, but now there's a whole new crop of "robo advisors" such as Betterment and Wealthfront. + +I'm considering splitting my investment money and trying out two or three options to get a feel for how I like each one. Is that a bad idea? Does anyone have suggestions on which ones to use, or does it primarily boil down to personal preference? + +Any thoughts or suggestions welcome, thanks! +(Bloomberg) -- + +John Bogle, who popularized the low-cost index-based mutual fund as founder of Vanguard Group Inc. and insisted that most stock-picking money managers weren’t worth the fees they charged, has died. He was 89. + +Title says it all, the 90s were dominated by a singular games console, the Nintendo to the point where they had almost the entire market share of the home video games field. It go the point where Nintendo became THE word for a games console for those that had only a passing knowledge of the subject. + +Fast forward to today and bitcoin is the new Nintendo, it has owned and still owns the lions share of the crypto market. Most people have heard of it and probably think all crypto IS just bitcoin. Now people refer to everything as a 'coin' no matter what it actually is. + +The next generation are going to be making memes about us here in the present not knowing the difference between a v2000 utility chip and a micro contract smart tokeniser is and instead calling them both, coins while trying to tell them that back in my day we didn't need any of this new age fancy stuff. + +&#x200B; + +Edit: I'm sure it won't be long before NFTs are called coins as well. +No matter what I buy, i lose. I try to pick good ratios and good news, strategize around earnings, but even when the call goes well the stock goes down. My last buy was researched for a week before I bought and literally the second I did, it went down 10%. I'm too stupid for this. Lost a grand and that's enough for me. I'll never understand how this works. +*"The Elder Days are gone. The Middle Days are passing. The Younger Days are beginning."* + +― Saruman the White + +Since most of you degenerates have joined during the middle days of WSB (post 2M), I thought it might be helpful to remind you the stories of some of the OG degenerate legends. + +u/1R0NYMAN, **the master of homeless box spreads** + +['no money at risk'](https://preview.redd.it/21yvujixo9971.png?width=635&format=png&auto=webp&s=a990f594a9a435a6d80e230bb87550ca2a6fe917) + +* Discovered an ancient spell of 'it literally can't go tits up' trading strategy called "The Box Spread", a multi-legged options strategy involving both buying/selling calls and puts at the same time. +* Through his wiseness, he came to the conclusion that Box Spreads, if sold at the right time, can get him credit with 'zero risk' because his blood magic told him so +* Out of all tickers, he chose $UVXY (because why the fuck not? It's not like Volmageddon ever happened). He was confident that he set up a play that would net him a guaranteed total of $38k of riskless profit in 2 years. With the right amount of leverage he could scale this up nicely +* Sold hundreds of Box Spreads on Robinhood using margin and got paid a credit for each box spread. His account went [from $5k of his own money to about $200k worth of risk](https://www.reddit.com/r/wallstreetbets/comments/aeqcvt/i_dont_know_when_to_stop/) +* Proceeded to withdraw $10k in cash, because who woudn't? +* If a Box Spread gets held till expiry it's risk free, but that's not how option selling works because there is always assignment risk...and 1r0nyman completely forgot about that +* To make it worse, Robinhood didn’t pick up on the risk level of his box spread trade and actually echoed back to him that there wasn’t a big amount of risk on the trade. Much like other elders here, 1R0NYMAN found a glitch/cheatcode in Robinhood which ultimately added even more fuel to the fire +* Got assigned short shares, -$58k loss, account closed out. Robinhood banned box spreads after the fiasco and emailed its entire client base about its policy change as a direct result of what happened with 1R0NYMAN + +u/analfarmer2, **the paragon of FDs** + +* analfarmer2, a 19-year-old became the true paragon of how OGs traded FDs back in the elder days. He somehow got access to about $100k in his trading account (described as ‘online biz and margin’) +* His first FD was a $110k bet on $ALGN with 2DTE calls. The company announced a share buyback, and shares rocketed the next day gaining him $180k. His account went to $343k +* A couple of days later our guy dropped $170k on1DTE SPY puts, and again got insanely lucky as the market tanked after a Trump tweet about the Chinese trade embargo. [**His trading account was up another $277k up to $646k**](https://www.reddit.com/r/wallstreetbets/comments/cksrsf/spy_puts_277k_profit_in_1_minute/) +* He took another massive bet the following day, buying $600k worth of SPY calls 1DTE. analfarmer2 sold out of his position at a $500k loss. He made a few more unknown trades and found himself down to $41k +* [**3 days later**](https://www.reddit.com/r/wallstreetbets/comments/co31pq/my_final_yolo_40k_into_cgc_calls_expiring_next/) he bought $40k worth of $CGC calls in anticipation of earnings the following week. This was a more responsible trade -- he had an entire week until expiration, just imagine the possibilities. Earnings were shit, the stock tanked and his FDs were now worthless + +u/ControlTheNarrative, **the wizard of GUH!** + +* ControlTheNarrative was so wise that he managed to discover the 'infinite money cheat code' deeply embedeed into Robinhood's matrix and as a result redefined what some consider to be beyond their Personal Risk Tolerance +* He was so genius and so retarded at the same time that through his Robinhood Gold account he took his leverage level to 25x, well beyond the 2x allowed by RH +* From an inital deposit of $2k (minimum balance to access RH Gold) he bought 100 shares of AMD for $4k or so, with margin. He then sold an AMD Call Contracts with a $2 strike to get almost all his money back. He then used that money to buy TWO hundred shares of AMD because remember, margin doubles the buying power, then he sold 2 Call Contracts witht he same $2 strike price to get almost all his money back, which is then doubled again thanks to Robinhood's Margin +* Robinhood let him buy AMD stock on margin that is collateralized by AMD stock he's already sold. The AMD loop he went through made his buying power go up only because RH was absolutely retardedly (even more so than he was) still counting the AMD stock for his covered calls as part of his margin collateral to buy the options. He rinsed and repeated this process until sufficiently leveraged to his Personal Risk Tolerance (25x leverage) +* Finally, he used his increased buying power to 'maximize' gains by loading up on $AAPL put FDs to bet against Tim Apple on an earnings play. Unfortunately, $AAPL destroyed earnings and blew his account +* To make matters worse, [he recorded the market-open and the instant nuking of his account](https://www.reddit.com/r/wallstreetbets/comments/dpnzup/i_recorded_todays_marketopen_and_the_instant/) + +u/MoonYachts, **the leverageborn** + +* Credit. Debt. Equity. Leverage. Long ago, the four nations lived together in harmony. Then, everything changed when u/MoonYachts attacked. MoonYachts was a disciple of u/ControlTheNarrative. Through his master's teachings, MoonYachts also understood that when selling covered calls on Robinhood and if he bought the shares, the stock wasn't subtracted from the buying power. The cash balance from the covered call got added to his cash balance – increasing the buying power by the premium he took in. +* Only the Fed Chair, master of all four elements, could beat him, but when the world needed him most, he vanished. And although his QE skills were great at the time, he had a lot to learn before he was ready to save anyone. +* So it happened, that MoonYachts' Personal Risk Tolerance was from the netherrealm and not even the Fed Chair could match him at the time. By using the 'infinite money spell', he managed to take his [**Personal Risk Tolerance to 250x leverage (a $1M leveraged position on $4k of initial equity)**](https://www.reddit.com/r/wallstreetbets/comments/drqaro/robinhood_free_money_cheat_works_pretty_well_1/) (on $F stock out of all tickers) +* To this day nobody knows the ending of his adventures, but legend has it that banks still hate him for showing us the spell of infinite leverage +I am new to investing as well. I started about 1.5 years ago but before i put money into the stock market i read 3 books and played with paper money beforehand. + +Now, I absolutely love going to reddit for stock information. I visit about 7 subs daily and i also watch YouTube videos daily. So by no means am I saying you shouldn’t do that. + +But in my opinion the reasons to visit these forums is to: +1. Get ideas for stocks to <research yourself>. +2. Engage socially with people that share your interest in investing. For example, i have no people in my real life circle that even know what stocks are. So i use reddit to engage socially with likeminded individuals. + +But in no way should you visit these forums for sound advice that you trust and don’t have the ability to fact check with your own DD. +Sometimes people give amazing insight and ideas on these forums but if you don’t know to read a balance sheet and in general, research the company yourself- you are using these resources wrong. + +Just my two cents, if anyone feels like what I’ve said applies to them. I can send you online free book links and help with any questions you have, just PM me. +Hello my fellow moonshots, + +I wanted to introduce you to a gem that just got listed on Uniswap. They had a presale which they raised about 2k eth in less than 5 days. Lid is currently at around 1 milly market cap and fluctuating around .02 cents, not much higher than the presale. + +**About the token..** + +The Liquidity Dividends Protocol uses new technology that provides solutions for depositing liquidity into Uniswap while also offering a social rewards based staking system. + +I love this project as this puts an end to all rugs on Uniswap. They sent 75% of what they raised to a burn address locking in the liquidity on Uniswap and at the time of writing this there is about 1 million in liquidity. + +Anyone who took part in the presale gets 2% of what they bought for 50 hours so that no one can dump the coin. The presale went flawless until there was a bug that allowed some users to get the full amount which they dumped a little and drove the price down BUT the team was very transparent and found a solution within a few minutes of it being listed on Uniswap. This is a fucking stellar team and we all know in crypto that things can go wrong quickly but it is not the problems that arise but how the team reacts and solves those problems which define a team/project. They also plan on licensing this tech out to other projects and already formed a partnership with [Askobar Network](https://askobar-network.com/). Their goals are not only to license this out to other projects on the platform but to also license this tech out to Uniswap and put an end to all uniswap scams. The team is mostly anon and I suspect that they already have connections with Uniswap which is why they are anon. I saw a meme the other day that talked about 2020 goals and said something like " work for stripe, raise capital from stripe and get bought out by stripe". I may be reaching but this partnership would def bring an end to all scams and allow more users to spend more money. Staking will also be released this week. + +"The LID team wanted to focus on incentivizing stakers to perform useful actions for the community by participating in a DAO. Between a transaction tax sent to the DAO fund, voting participation multiplier, and a referral program this is a truly community driven project" + +This will be HUGE! Oh and I forget to mention, marketing should be started very soon ;) + +Happy hunting! + +[Burn Address](https://etherscan.io/tx/0x08d4f7eb1896d9ec25d2d36f72252cdb45f735b922fd1e515e1ce628b3b14e49/) + +[Uniswap](https://uniswap.info/pair/0xc822d85d2dcedfaf2cefcf69dbd5588e7ffc9f10) + +[LID Website](https://www.lid.sh/) + +[Etherscan](https://etherscan.io/token/0x0417912b3a7AF768051765040A55BB0925D4DDcF#balances) ( It should say liquid dividends protocol. This is a forked project and will be updated soon. Also, the total supply is around 144 million but it takes 50 hours for tokens to be fully distributed ) +The analysis I posted couple days ago on RE targets of US survey responders, got quite a bit of interest, and lots of follow on requests .. so I compiled up additional charts with further useful breakdown in terms of income, expenditures, net-worth, age etc. + +I've also attached the charts from last time for the splits by wanting-kids, relationship-status, and single-contributor-vs-with-partner. + +The legends on the charts this time include the number of data points for each split, and since percentile curves here with less than say 50 points are pretty noisy/jagged, buckets at those edges aren't drawn (e.g. for too low or high age/income/worth etc). + +https://imgur.com/a/AU9nMng + +Quick graph interpretation note: curves moving towards the right mean higher RE targets. Values for the 'typical' responder for any of the curves would correspond to where that curves crosses the *0.5* percentile horizontal line + +So key points of note again .. + +- Higher incomes seem to robustly indicate higher RE targets +- Higher net-worth points less strongly to higher targets, (hopefully that means that while target creep happens strongly as income grows, say via career progression, at least we seem to be increasing targets less strongly from simply getting closer to the target!) +- Higher expenditures of course, points most strongly to higher targets, as expected, however the increase is less than proportional +- Age seems to point surprisingly weakly to higher targets, and for most groups it seems similar, except for the very young [18-23] +- Wanting children, or even more so, having children, increases RE target, as does being in a relationship or being married, though being married does have the benefit of two contributors .. the detailed breakdown on the interactions between those is in [the prior post](https://www.reddit.com/r/financialindependence/comments/mm383e/target_fire_amounts_for_2020_fi_sub_survey/). +- The much coveted *1-Million* target of the past seems well and truly dead among Americans here, even among lower income, frugal, or single and forever-childfree folk (with 'leanfire' holding the line somewhat) + +Edits: + +-- Here's a breakdown by fire category buckets .. feels a tiny bit better to have found a way to resurrect the 1M target :D + +https://imgur.com/nA4LzH9 + +-- The survey doesnt include location details, but users could choose to indicate the approximate 'cost of living' for their location, picking the closest from [the numbeo range](https://www.numbeo.com/cost-of-living/rankings_current.jsp) .. charting that seems about expected with some target-increase for those in higher-cost areas: + +https://imgur.com/it28V53 + +-- swapped gallery link to imgur album for those complaining of not being able to see them +High level info: + +* German GDP arrives at -10.1% QoQ in Q2 vs. -9.0% expected. + +* Annualized German GDP stands at -11.7% in Q2 vs. -10.9% expected. + +* EUR/USD unmoved on the dismal German growth numbers. + +https://www.fxstreet.com/news/breaking-german-preliminary-gdp-shrinks-101-in-q2-vs-90-expected-eur-usd-unfazed-202007300801 +Hi all, + +I was offered a job from my current companies biggest competitor. The job is about a 26k increase in salary and would be a step up as far as role and responsibilities goes. + +However I’m slightly hesitant due to benefits. My current company offers unlimited PTO while this one offers 20 days (accrued monthly). I’ll be getting married next year and will obviously have to use these days for the wedding/honeymoon. + +My current company also passed me up for a promotion recently and will be changing my role in the next few weeks due to a significant business change. This leaves me job kind of limbo even though they insist it’s safe and no one is being let go. + +My question is this kind of upward move worth the significant change in benefits and also going to the competitor or and I being short sighted focusing on something as small as PTO? + +Edit: I have accepted the role. I appreciate everyone’s input and recommendations! +Since about 09:00 UTC, [40 MB of transactions](https://core.jochen-hoenicke.de/queue/#8h) have been added to the mempool. Vegard from the LND slack pointed out [this transaction](https://blockchain.info/tx/388bcd15a6097e9114231f6b3b74619a0f658a354bdd58ce0cca4b1ad7297d42), which certainly *looks* like spam, but perhaps it's legitimate. After all, it did pay a 332 sat/B(!) fee, which is *quite* high right now. + +However, if you investigate, you'll notice some other oddities. Look at the [transaction the input references](https://blockchain.info/tx/f9756737261067ecfc54a587d8c65bb6bc7c0d73b83d49b21bf029ea597a70b8). Of those outputs that are spent, most are included with outputs from numerous other addresses, all containing 0.0001 BTC. They all spend to the same address, 1P3rU1Nk1pmc2BiWC8dEy9bZa1ZbMp5jfg and all have an OP_RETURN output. Again, it looks strange but I'm not certain the precise purpose of the OP_RETURN. + +What leads me to believe that this is (one of?) the same spammer(s?) from 2016? Look at the [history](https://blockchain.info/address/1HmixPDLTcVSqiyne2JFLj1F1hKVmpC1pU?offset=9550&filter=6) of the primary address 1HmixPDLTcVSqiyne2JFLj1F1hKVmpC1pU. This **exact same behavior** dates back to November 2016. It appears they've been consolidating their outputs (the fan-in part of the 2-stage attack [explained by LaurentMT](https://medium.com/@laurentmt/good-whale-hunting-d3cc3861bd6b)). Now they've begun another round of the fan-out attack. + +Beware the "mempool is full" FUD that will be arriving, and ensure that you're using a wallet that sanely calculates fees. You can use tools like [Johoe's mempool visualizer](https://core.jochen-hoenicke.de) to manually determine the fee you'll need to *probably* get in the next block or two by looking at the number of bytes above a specific fee level. +Like, I don’t get it. I can’t afford a new car, but I can’t afford repairs of that old one anymore either. I cannot afford ER, but I cannot afford regular primary care physician either. I cannot yearly teeth check up, but I can’t afford to remove that root canal either. Like if I am to be poor, can I be poor in peace. Poverty ain’t cheap you’all. +Like, I don’t get it. I can’t afford a new car, but I can’t afford repairs of that old one anymore either. I cannot afford ER, but I cannot afford regular primary care physician either. I cannot yearly teeth check up, but I can’t afford to remove that root canal either. Like if I am to be poor, can I be poor in peace. Poverty ain’t cheap you’all. +I have friends who work in the biggest banks in Taiwan. Both HSBC and Jihsun didn’t receive the dividend and just directly split the stock. When I talk to them, they have no idea what’s going on. How should I tell them about the risk or what can I tell the banks to do? My assests in the US are all DRS I wish I can go back to Taiwan and DRS the Taiwanese shares but I just physically can’t rn. + +Keep buying and DRS… +Taiwan didn’t get the shares too +Companies beat earnings estimates yet their stock goes down. We have companies going up not based on news or revenue, but rather how many people think that industry/company will grow. I’ve seen this a lot before; but the stock market truly has become a popularity contest. It’s slightly infuriating trying to make picks when it seems like the numbers don’t even matter anymore. + +Edit: Some of these comments make me laugh. I’m just sharing what I’ve been witnessing recently. I never claimed to be an expert. +The most mentioned tickers in posts (no comments) with more than 7 upvotes on [r/stocks](https://www.reddit.com/r/stocks/) in 2020: + +* TSLA (44) +* AMD (43) +* MSFT (42) +* NIO (33) +* NKLA (25) +* AAPL (23) +* AMZN (20) +* DKNG (19) +* PLTR (17) +* BABA (16) +* FB (14) +* NET (14) +* RTX (13) +* MGM (12) +* DIS (11) + +source: Posts from this sub, parsed with pushshift. Text-searched for all tickers on american stock exchanges. Manually removed tickers like CEO, DD, AI, UK, EV, PE ... as well as all one-letter tickers. +I am thinking of going back to college to get a bachelors in computer science while working full time. I have about 8k in CC / PayPal credit debt and also a loans totaling another 8k. I make 47,000 a year but figure going back to school I can potentially make a lot more. I want to go from community college and the transfer to the state university to complete the degree as this route is cheaper. but i might come out with another 35k in loans. Is this smart to to do if the average software engineer salary is around 75k out of college. I just dont want to be kicking myself if i don't go back its been on my mind lately a lot and would love to get into software engineering. BTW I am turning 32 this summer not that that matters much, I don't think. Can anyone help me out here and let me know if this is really worth it. I have a good credit score 720 and very responsible while trying to get out of debt. +So the Coca-Cola company revenue has returned from the pandemic dip. Brilliant news for the company after its competitor PepsiCo released their earnings last week. + +Earnings per share: 68 cents adjusted vs. 56 cents expected + +Revenue: $10.13 billion vs. $9.32 billion expected + +The company also raised guidance. They are expecting organic revenue growth of 12% to 14% vs. prior outlook of high-single digit growth for the full year. EPS guidance also rose to 13% to 15% EPS growth from high single digits to low double digits. + +Shares are up 2% in pre-market trading. + +Coca-Cola quarterly revenue tops 2019 levels; company raises full-year forecast https://www.cnbc.com/2021/07/21/coca-cola-ko-q2-2021-earnings.html?__source=iosappshare%7Ccom.apple.UIKit.activity. +Find the buying pressure: +1. Kenny can short a hundred million shares without penalty +2. Kenny can internalize buy orders (just say you have the stock, not really buy it and hope you paperhand at a loss) +3. Market makers aren't hedging call options +4. Short ladder attacks +5. Dark pool fuckery +6. FTD not penalized + +Seriously. This is an amazing battle that Apes are winning. With all their choices of fuckery, SEC approved (because they're not penalized), we are still pushing the price up. I honestly don't know how, but I love it. + +Buy, hodl, DRS +[https://www.benzinga.com/analyst-ratings/analyst-color/19/06/13984052/leaked-email-from-teslas-musk-says-automaker-approaching-record-vehicle-delivery-nu](https://www.benzinga.com/analyst-ratings/analyst-color/19/06/13984052/leaked-email-from-teslas-musk-says-automaker-approaching-record-vehicle-delivery-nu) + +&#x200B; + +In a leaked email, **Tesla Inc** [TSLA 2.65%](https://benzinga.com/stock/tsla#NASDAQ) CEO Elon Musk said the electric carmaker is near to setting a record vehicle delivery number for a single quarter, and said delivery logistics are key, according to Business Insider. + +&#x200B; + +I personally don't see this causing any long-term price action. Bearish. +i backtested a strategy from 2016 and each year it has given 85-95 % returns excluding slippage and taxes , this year its been 4 months and it has only given 7% return when the expected return should have been almost 28% , i havent gone off the plan once yet but im starting to doubt if it has stopped working or not. + +its a simple (very objective )range breakout strat with fixed rr and everything , also wanna mention that i have manually backtested it so there is no room for code error + +i'll add each years graph so you guys can get an idea + +&#x200B; + +[2016](https://preview.redd.it/vue4ipvj8sw81.png?width=857&format=png&auto=webp&s=83295760137820e235b6a4f50fe141d46fec54a3) + +&#x200B; + +[2017](https://preview.redd.it/ip38r98m8sw81.png?width=842&format=png&auto=webp&s=1ea94a2b9640e40dc6e622a2a3edfbb17183e88d) + +&#x200B; + +&#x200B; + +[2018](https://preview.redd.it/v2klyzzp8sw81.png?width=823&format=png&auto=webp&s=77be3024346a8c564aa9b2633843e3fb610d6d85) + +&#x200B; + +[2019 ](https://preview.redd.it/1o10s7dr8sw81.png?width=822&format=png&auto=webp&s=38b3f7ef1fd725c4c462dbe3f9df6f2c31ef05c8) + +&#x200B; + +[2020](https://preview.redd.it/o9tkd2ms8sw81.png?width=823&format=png&auto=webp&s=c2a4ac191a88369ce342d3a3162356b09db83127) + +&#x200B; + +[2021](https://preview.redd.it/zvbgvost8sw81.png?width=1146&format=png&auto=webp&s=8c17047dd34f8b187bd3bf5f29f33e7d9cb5a00d) + +&#x200B; + +[this year , ](https://preview.redd.it/2z1nzgou8sw81.png?width=868&format=png&auto=webp&s=4e3daaaa7adf3691cf3452479f0b04e3b70b29a7) + +the max deviation from mean was about 19% to the upside in 2020 , this year its around 20% to the downside so its somewhat still not disproven , but still feeling demotivated/ unsure , looking for suggestions + +yes i take short trades aswell +Hey All.  Just want to throw out a quick thank you to this sub. I have learned so much and it has really helped me in my Financial Journey. + +I posted a couple of years ago with good feedback and I wanted to circle back around now that we are in a higher income bracket and with lifestyle creep, higher expenses! Update on our financials : + +Income 2020 - 750k, 2021 1.2M, 2022 forecasting 1.65M, next year forecasting 2M+. + +3M house Purchase in 2022 worth 3.5M (got a great deal as I'm in the RE game) 2.4M loan. + +550k in Retirement + +1.5M in cash across multiple accounts mostly checking and savings. I know I'm gonna get slaughtered for this one but I hold cash for RE deals and am looking actively for a commercial piece of property that I can accelerate the depreciation on this year to offset our taxable income. + +1M in commercial real estate, put 230k down 1.5 years ago, value add deal, cash flows 45k/year. + +100k in student loan debt @ 5.5%. To me this is cheap money, if I can go out and earn 20%+ on RE deals. + +Net worth is about 4M + +Our income continues to climb, and I foresee this maybe leveling out around the 2M mark, but also possible for it to increase to 3M+. + +Here is what we spend on a monthly basis + +Fixed Spending + +Mortgage PITI - $13,400 + +Umbrella Policy 5M - $95 + +Student Loans - $949 + +Car Insurance 3 Cars - $500 + +Comcast / Sonic / Hulu - $155 + +PG&E Home - $700 (charging 2 EV) + +Water Home - $100 + +Garbage Home - $74 + +Dog Walker - $448 + +Dog Insurance - $115 + +Nanny - $3,850 + +Gardener - $150 + +House Cleaner - $480 + +Preschool - $1,350 + +Car Payment 1 - $1,050 + +Car Payment 2 - $875 + +Total - **$24,291** + +&#x200B; + +Variable Spending + +Alcohol / Bars - $72 + +Gas / Auto - $52 + +Groceries - $1,423 + +Restaurants - $899 + +Delivery Food - $306 + +Health / Doctor - $445 + +Shopping - $2,302 + +Vacation - $1,000 + +House R&M - $1,955 + +Other - $1,544 + +Total Monthly Exp - $9,998 + +**Total Monthly Spend - $34,289** + +**Income** + +Monthly Income Average 2022 - $130k, Post tax $78,000 + +Total Monthly Expenses - $35,000 + +One Time Expenses - $15,000 (currently upgrading and furnishing our house) + +Total Cash Flow - $28,000 + +Savings Rate - 35.8% + +Savings Rate once Rehabbed and Furnished - 55% + +Wanted to see if any others have similar income / expenses? My wife is much more chill about finances and thinks that since we are making a lot of money we can spend a lot. For me, coming from a lower middle class background it's really hard to swallow a lot of these purchases. For instance, this year we bought two 75k cars, and recently we bought a 4k mattress and a 2k bed frame. This seems outrageous to me, but at the end of the day it's a drop in the bucket and the cars are write offs for the businesses. We don'y buy any expensive clothes or jewelry or anything like that. Am I out of my mind to be worrying about spending 75k furnishing our new house? Or spending $1500 on a coffee table? Our income is likely to keep increasing and I'm wondering if this is more of a psychological issue with me than an actual income / expense problem. When we are spending 35k / month plus another 10-20k on house upgrades it feels like we are being foolish, are we? + +Thanks, all! +I had asked this on other engineering subs some months ago and decided to ask here for perspective. Apologies if not appropriate and understood if it get's taken down. I ask because this sub seems to have a lot of intelligent and highly driven type folks who still get burnt out in their fiends. + +To the point: How many senior folks here have semi-retired and have found "fulfilling" part-time gigs related to their field? How do you deal with "inadequacy" in terms of not wanting to keep progressing in your career and doing tasks that someone 10-15 years less experience than you can do? + +I've been in general tech industry for years now and am Senior level, but never quite pushed up to Principal/Director. Despite being a competitive person, I honestly never had the desire, as usually those levels require a managerial track or involve corporate politics which I abhor. Also while I'm technically competent, I'm not "that" good to where I'd be moving industry or filing patents every year, and I've bounced between specialties to be more general purpose. I've been working towards FIRE and my investments have been doing very well to the point where I'm contemplating quitting after have hitting my number. I don't need to make or save as much money anymore. I'm pretty burnt out. + +It's hard to "coast" in my current role. I feel like I need to support my team, and doing a half ass job wouldn't be fair to them as I'm Senior, so I continue to give it my all and my ego kinda drives me. Ideally, I'd like to work 6 months a year, taking summer and fall off. And I'd like to just keep coding and doing low level technical work as I'd still enjoy it for the problem solving aspect. I want to be free from the pressures of feeling the need of "doing more" outside my scope, naturally work past 40 hours a week, think of work problems constantly, etc. + +In terms of contracting, not appealing. Mostly because the work contractors get in my field is pretty brain dead and they get treated like shit. Understandable as why would a company give "contractors" the most stimulating work when it should rightfully go to the full time employees? Jumping in and out every 6 months as well takes too much time to also ramp up on the architectural aspects of how stuff has evolved for a project/program. + +In terms of consulting, that sounds so sexy like "freelancing" but jesus, have no idea what this would entail for me. Why anyone would pay to listen to what I have to say in terms of how to do their project? + +Still mulling over approaching my current employer with this kinda 6 month deal, as I know of no one else doing something similar in the entire company (think tech overlord level). It wouldn't be as simple as say "halve my base salary" as there are benefits and perks to consider. +How many here generated most of the income or are on their way to fatFIRE via owning/operating a service business? Roofing, plumbing, landscaping, etc. + +Wife and I are both in residential real estate but I can see the writing on the wall regarding automation and am thinking of making a pivot to a home-related service business and using old contacts as a solid base. +My husband and I bought a house in March right before COVID. We are self employed and have grown the business (professional services) to a point our net income is $500k-600k per year. The house was $600k and we put $125k down, interest rate of 3.5%. That’s our only debt. + +We are 36 and have a net worth of $1.1M (not including the value of the business), primarily rental properties, retirement accounts, and cash. We have fully funded a 529 for our 2 year old son, and live in a LCOL area. + +Because we rely exclusively on self-employment (which seems inherently risky), we decided to try and aggressively pay down the house. Ideally having it paid off in the next 9-12 months. Then, the plan would be to divide investment funds going forward between real estate (probably 1 house a year), retirement accounts (57k each in 401k and max traditional IRA), and brokerage (everything else). + +We met with our tax and financial advisor and he felt very strongly that we should not pay off the house and instead channel those funds to investments. His rationale, of course, was that there is more to be gained in the market than the interest paid on the loan. He also suggested that the standard deduction may be lowered again, meaning effectively some of the interest would be deductible. + +What do you guys think? Any other entrepreneurs, small business owners take a similar path? Anyone regret paying off their mortgage? + +Edit - Not sure how I accidentally marked this as a “Spoiler” ... oops! +As many here know the 10y-2y spread has been deeply inverted for some time now, but today another commonly watched spread, the 3m-10y inverted too. + +Generally a 10y-2y inversion can be seen as a forward indicator of recession where as a 10y-3m inversion suggests recession is likely imminent. Both being inverted has been a very strong recession indicator historically, but my understanding is that the Fed watches the 10y-3m specifically to gauge the health of the US economy. + +I don't think this is signalling anything we don't already know but it does perhaps suggest the bond market now sees the possibility of a soft-landing as very unlikely. + +[https://fred.stlouisfed.org/series/T10Y3M](https://fred.stlouisfed.org/series/T10Y3M) +Background: + +In May I got the "brilliant" idea of beefing up the security of my BitcoinQT wallet by replacing its password with a longer passphrase. Somehow I managed to mistype the passphase twice. I tried every thing I could think of (adding spaces, inverting capitalization, etc. etc.) but without success, even automating the guesses with a simple script from someone on bitcointalk. + +Eventually I wrote the coins off and my next wallet passphrase was typed with extreme caution. (Plus I switched to using Armory where the paper backup feature is a nice safety valve.) I gave the wallet.dat file to a few people who contacted me via the bitcointalk forums, and thought that was the end of it. + +So last night, I'm obsessively watching the BTC-CNY exchange rate like everyone else, when I get an email from one "Dave Bitcoin" who announced that he had cracked the passphrase (after more than 5 months!). In short order he sent me 2.0 of the original 2.5 BTC in the wallet (keeping a finder's fee we had agreed to when I originally sent him the wallet file, not that I was in a particularly good bargaining position). + +It was a very pleasant surprise that he (a) was able to crack the wallet, and (b) was honest enough to return the coins. He mentioned in the email that part of his motivation for (b) is that he has started a business doing wallet recovery. I figure the least I can do is vouch for his competence and integrity. So all you morons out there who lost a wallet like me, consider using Dave's services at http://walletrecoveryservices.com/. +THE RESULTS AREN’T IN YET…DON’T ASK… + +...Ok, now that that’s said…the official 2021 FI survey is now available and will remain open for responses until April 30. For those that are new here, this is a mostly-annual tradition for this sub. This post will be a bit long, so buckle up. + +***ALL RESPONSE DATA WILL BE RELEASED IN A SPREADSHEET TO THE SUB***. If you’re not comfortable with that, don’t take the survey. Whenever possible, identifying information (such as age) is obscured in ranges. The survey does not ask for location, username, email, or other unique information, so your privacy is reasonably protected. + +This survey asks for a lot of numbers. To completely fill it out, you will need to have the values of your investments, expenses, debt, and assets at hand, plus 2021 income and expenses. The expenses portion of the survey follows the Your Money or Your Life model, which includes *all* taxes as expenses. Savings are considered expenses for survey purposes as well. [Access the Preparation Spreadsheet](https://docs.google.com/spreadsheets/d/11gPB1PkqhJdhlyQstm4x5SgZ8749rc1D2B0tftEBhR8/edit?usp=sharing) to get your numbers ready first. + +**Survey Instructions** + +The survey will take 20-40 minutes to complete, depending on how prepared you are with your numbers. + +Enter all annual information for calendar year 2021. Enter all point in time data (like account balances) as of December 31, 2021 (or as close thereto as you can get). Enter all amounts in current dollars (or your native currency). + +Remember that personal finance is personal. Enter your numbers as you interpret them, personally. If you really get stuck, I will be watching this thread and answering interpretation questions as able. Because personal finance is personal, some buckets may not be precisely consistent with your personal buckets. + +The survey is long, and asks for a lot of information. You can save your progress at any time using the "save and continue later" option in the top right corner of the screen. + +You'll be asked for the cost of living in your location, using [this listing](https://www.numbeo.com/cost-of-living/rankings_current.jsp). If you're on mobile, you'll want to determine that first as clicking through to the index tends to take you out of the survey. If your location is not on the listing, use your best estimate based on the listing. + +You can enter all "dollar" amounts in your native currency. Anywhere a question asks for "dollar" amounts, answer in your native currency. The survey will ask what currency you are using for your answers. + +Enter dollar amounts as a whole number, appropriately rounded. E.G. $32,594.56 is entered as 32595, with no commas. + +Enter percentages as a number, not a decimal. For example, 4% is entered as 4 (not .04), 20.5% is entered as 20.5 (not .205), etc. + +Symbols for dollars ($) and percentages (%) are not needed. + +The survey asks how many people contribute to your household finances, and thereafter your responses should include all assets, debt, etc. belonging to those people. You determine the number of people who contribute to your finances. If you indicate more than one contributor, you will be asked for demographic information for contributors 2 and 3 (it caps out at 3). + +Almost all questions are skippable; if a question does not apply to you or you haven't yet determined the answer, skip it. + +At the end of the survey, you will be asked for any comments on the survey. If you had issues with a question, please refer to it in your comments by the question number. Because the survey does not ask for identifying information, the survey team will not be able to follow up with you, so please be as specific as you can about the issue or difficulty you encountered. Please leave suggestions for next year in the survey itself (not on this thread, it's much easier to keep track of them in the survey responses) and be specific with your issue and solution. Comments like "there has to be a better way to ask this" are not helpful - if you want it asked a "better" way, you need to suggest a better way. + +**Now that you’ve read all that…** + +[Here's the survey link!](https://survey.zohopublic.com/zs/ziCzOg) +Easier viewing with all 3 articles posted together: + +http://news.yahoo.com/ap-impact-recession-tech-kill-middle-class-jobs-051306434--finance.html + +http://news.yahoo.com/practically-human-smart-machines-job-052642993--finance.html + +http://finance.yahoo.com/news/smart-machines-create-world-without-051025381--finance.html +I can admit that I don't understand 90% of the content on the regular Economist. I got a subscription because I really liked some readers' plugs for it and how it really educated them over the years..great. + +Problem is, it's over my head. Any easier reading suggestions so I can one day understand the real thing? Hopefully in < 2 years? +Since last weekend, the Ethereum community has been torn apart by an unprecedented culture war. Two camps have formed, and there is no indication that they will find common ground anytime soon. I will not take side with this post, as I only want to inform people of this issue. + +**So... What exactly is going on?** + +One of the pillars of the Web3 movement is the Ethereum Naming Service (ENS). This is a way to associate a public address with an easy-to-remember address; rather than telling your friend to send ether to you at 0x1234abcd..., for example, you tell them to send that to "yourname.eth". It may not matter much today, but this protocol is a part of the foundation on which much of Web3 is built. + +One of ENS's most influential developers, Brantly Millegan, has made some very controversial tweets about homosexuality, trans people, masturbation and pornography. Brantly is a practicing Catholic, and he has stated that all of these things are "evil". + +People in the community asked him to withdraw his words and apologize, which he refused. + +**Why did the situation escalate?** + +Soon, two camps were formed. + +On the one hand, those who believe that Brantly can say whatever he wants, since it is his freedom of speech. These people do not necessarily endorse his positions, but they defend his right to express them. They argue that the essence of Web3 is permissionless. In their view, nobody should be cancelled for their personnal beliefs. + +On the other hand, there are those who believe that Brantly views are dangerous and hurtful to members of the community who are gay, transgender, or who use pornography. They are afraid that, as a public figure in the Web3 community, Brantly will scare away a lot of people with his opinions. + +We have all the ingredients for a good old-fashioned "wokeness versus free speech" conflict. + +**What are the consequences of the dispute?** + +Brantly was removed from his position by the organization that manages ENS. Some of the "free speech" fringe reacted by selling their ENS tokens, and some even gave up their .eth domain entirely. + +On its side, the "woke" fringe hopes that such incidents will not happen again. They are gathered under the name "ENS is for everyone", and they militate for Web3 to be a safe space for everyone. + +**What's next?** + +I don't know, and nobody knows. But this first culture war is a great test to determine the values of Web3. Do we want it to be a bastion of free speech, or do we want it to be a welcoming place for everyone? The next few weeks are gonna be interesting, that's for sure. + +Thanks for reading, and I hope you learned something from me today! What do you think about all this? + +EDIT : *Please be respectful in your comments, the discussion will be of better quality that way.* +I’m fairly new and trying to learn this. So basically 25:1 RS means for every 25 shares I get to keep 1. So if I had 50 shares I now have 2? Correct? But what happens in that case, or any case. If the person doesn’t have enough shares to what they’re splitting? Does that mean they keep all their shares and value goes up? +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! +yes, this is my life savings. yes, I'm scared as heck, but for some reason i think it could work in my favor. full regard.. for the boys + +[YOLO](https://preview.redd.it/iwoqqs6f5r4a1.png?width=2890&format=png&auto=webp&s=6d5f8f282db16c065f8d9e39d6b8b80690c60ca8) + +UPDATE: was down $29k at open. engaged diamond hands, held through the rally & realized a $6k loss. this was fun; I'll let you know what my next "investment" will be 😎 + +&#x200B; + +https://preview.redd.it/nt8777pfpw4a1.png?width=2890&format=png&auto=webp&s=d13d9ecebdd8efb89a1c9ea7f669b7d00fb8f7e7 +We are well aware of the relationship between dear ry guy and Mr. Icahn. + +What I haven't been seeing and why I am writing this post today, is that we may have this whole thing wrong. We've been looking at the wrong Icahn. + +Yes. Carl Icahn is notorious and has earned the reputation of a highly respected trader. Except, the most recent big wins for Icahn Enterprise haven't directly been by the hands of Carl. They have been from the subsidiary Icahn Capital LP. + +Meet ***Brett Icahn*** a Portfolio Manager for Icahn Capital LP, a subsidiary of Icahn Enterprises L.P. where Brett also sits on the board. Brett is known for his interest in TECH companies. + +[Carl offered Brett a deal. \\"You \(brett\) can make 7.5&#37; of profits on trading, AFTER you make me 7&#37; first. No salary.\\"](https://preview.redd.it/y4lt02u3gnu91.png?width=591&format=png&auto=webp&s=9ab1d2a0d1a39b3a6384d2b8d54122c298f769cb) + +Some of the more notable investments Brett has been behind: + +* Netflix, where Icahn Enterprise made an estimated $1.9b +* Apple, where Icahn Enterprise made an estimated $2b (via stock buyback) + +Brett also likes companies with healthy Cash Flow + +[i like those words](https://preview.redd.it/477j8ohkgnu91.png?width=704&format=png&auto=webp&s=d04b933b824993c00eefa4b244152e6795968131) + +&#x200B; + +Now I think you can see where I am going with this and how the dots connect. + +&#x200B; + +Icahn Enterprise (Brett Icahn) -> Apple (Tim Cook) -> Ryan Cohen + +&#x200B; + +Y'all, these guys have definitely been having dinner/lunch together. I can just feel it in my bones. +Your parents dont want you to buy bitcoin because 1. They dont want you to lose your money via speculation 2. they dont want you to "fund drug dealers/terrorists" 3. They dont know what bitcoin is but they are pretty sure its a scam. + +This is what you propose to your parents.... Dear mommydaddy, If you dont want to let me take opportunities with my own money then you should offer to peg my current dollar savings to the value of bitcoin. If bitcoin goes up you have to make my dollar savings go up the same amount, if it falls you can keep the difference when i cash out. That way I 1.learn financial responsibility 2. give any losses to you not "druggie/terrorist/hackers" 3. You get to learn what bitcoin is, and the lesson that wisdom and age do not go hand in hand. + +So I've been crashing since November with my portfolio encompassing my 60k net worth at age 28... I'm now down 55-60% and am wondering how long you guys think this hell will last? I continue to average down because I believe in my high growth/speculative portfolio but how low will we go? In the 2008 recession, the nasdaq only fell 50% but now we were just at -35% which isn't that far away from the bottom of thr 2008 recession... although some people seem to think we have a long ways to go. The average bear market lasts 8-12 months and if we've been stagnant/falling since November, then wouldn't we have a good chance of the bear market ending sometime over the next 4 months?? +I know still quite some people (particularly new investors) are itching to get into the market to buy the dip/bottom. We also see advice from people with enticing lines [like this](https://www.msn.com/en-us/money/topstocks/u-s-stock-crash-is-huge-opportunity-to-cash-in-top-investor/ar-AAYAx9J): "U.S. stock crash could present Americans with a "monstrous" opportunity when looking at the economy from a long-term perspective". + +Now my advice is: Don't listen to them. Instead, what you should do is two things: 1. Be patient. 2. Wait for clarity in economy and fiscal policies. Then you put your money into the market. Yes, you might miss the bottom, but you would avoid a lot of pain. + +If you don't believe me, at least believe the history. In the last 22 years, Nasdaq pulled back 35% three times before this year: + +1. 2000. Nasdaq peaked at 5132 in early March 2000, dived 40%+ the next 2.5 months. If you had bought in then like you're considering now, even if you bought exactly at the local bottom, you'd be looking at another nearly 2.5 years of pain with a further 63% loss from your purchase before Nasdaq finally bottomed. But if you had just waited for clarity, even if you missed the bottom by 3 months, you would still be up 678% from your purchase point to now! Had you bought when Nasdaq was 40% down, your gain over the same period was 255% (edit: it's not the same period, it's actually almost 2.5 years longer with less return). Yes, a big difference. +2. 2008. Nasdaq peaked at 2862 in Oct 2007, dived 25% the next 5 months. If you had bought in then at the local bottom, you'd be looking at another 1 year of pain with a further 41% loss from your purchase before Nasdaq finally bottomed. But if you waited for clarity and missed the bottom by 3 months, you would still be up 484% from your purchase point to now! Had you bought when Nasdaq dropped to local bottom after 5 months and 25%, your gain over the same period was 401% (edit: it's not the same period, it's actually 1 year longer but with less return), still not as good as when you had waited. +3. 2020. Nasdaq bottomed after just a month and 35% drop. If you bought exactly at the bottom vs 3 months later, then you'd gain 62% vs 9%. This time buying the bottom won because: 1. We assumed you actually bought at the bottom. 2. We assumed that the alternative is that you missed bottom by 3 months long. 3. Most importantly, 2020 was so different than the other 3 times, namely 2000, 2008 and 2022, because in 2020 the global governments all went super easy on fiscal policies, flooding the market with liquidity, which caused the problem now. 2020 was an aberration that has less historical parallel or usefulness as a lesson. + +So clearly I'm arguing again for my rules based on both reasoning and historical support: + +1. Be patient. +2. Wait for clarity in economy and fiscal/monetary policies. If you watch news and sentiments, you probably can see it less than 3 months post bottom and catch most of the gains. +3. Then you put your money into the market. + +That's it. You'll make good/better money without having to endure the stress and pain for months or years first. Follow my rules and you'll thank me later. :) + +Yes you can argue for DCA, but that's not the active investing we're talking about here. And DCA would still have been in for a long period of pain in 2000 and 2008 with quite likely a worse return. + +Edit: How to watch out for clarity? If you're not experienced, just watch the Feds and the market. When they pivot on their stance to clearly more dovish, it will help the economy and the stock market. They won't pivot unless there's clear signs that the worst inflation is over. Yes - economy could've been hurt then, and quite likely so. But stock market is forward looking and will react. The local bottom before the dovish fiscal policy will quite possibly be the actual bottom. Of course there's no fail safe method to absolutely catch the bottom - but it's surely better than buying too much earlier than the bottom! + +Further edit: Since so many mentioned "you don't time the market" or "what if you missed gains" as they didn't notice my replies in comments, I'll explain here: + +1. Every pro times the market and they should. You don't believe that, you've been played. For example, Buffett says he doesn't time the market. He lied. He doesn't like cash yet he's accumulating cash before recessions - investing afterward. He called it value investing but his adjustments to cash% were timing the market based on valuation. Pelosi and the Feds were even timing the market LOL. Plenty of retail investors adjust their portfolio to dodge the market turbulence too. It's all timing. I'm just advocating timing based on improvements in economy and fiscal policies. +2. It's fine to miss gains when you try to avoid loss. What's worse? Losing principal or missing gains? If you don't know the answer to this, you shouldn't be actively investing. In the examples in my OP, I also used missing the bottom by 3 months as the example, which means in 2000 and 2008 you would've missed 17% and 41% of gains already but you'd still come out ahead. For those people who just trust DCA more, I already stated - it's not the best active investing strategy. It's NOT even active investing. And DCA in 2000 and 2008 would've been in for long periods of pain with likely worse return anyhow unless your DCA timed the bottom relatively well. Otherwise your DCA could run out of money much earlier than the bottom - which is 2000 and 2008's cases were at least a year away - and generate a worse return. If you design your DCA based on when market might possibly bottom - Aha! You're timing the market, your DCA is now an oxymoron! LOL + +Last Edit: To the DCA fans that can still think: Listen, let's first make it clear (if any of you couldn't figure it out from my post above already), my advice is clearly talking about the cash you saved and is ready for invest right now. I advocate for holding for clarity as I think that would beat the market - as I said above, in the previous instances, the strategy did beat the market. But of course DCA fans say DCA now, it's the only way to earn money in some people's eyes. So a few simple points for your consideration: + +1. DCA works not as good as just invest everything you have in a bull market. I hope I don't need to explain the simple math here. My advice beats DCA since it attempts to dodge the bear market and just let money ride the bulls market or up-n-down market fluctuations. +2. In a fluctuating market, depending on the fluctuation and your DCA frequency, DCA could be a bit ahead or behind market. So my advice is as good as DCA in this case. +3. Finally let's consider bear market. First, you couldn't have been timing the market to do your DCA, otherwise you defiled your own principal and sabotaged your argument. So assuming at or near the peak of the market, you had $10K, based on your principal of not timing the market, you must have started DCA already and DCA-ed your way down. So how did you do your DCA? Don't tell me you've DCAed in your 401K, that's irrelevant as, again, my advice is about the cash ready to be invested NOW - In comment below for 401K I advocated people continuously put money in there. So let's say you DCA the $10K in 4 batches every month. Then starting from near the peak in Nov. 2021, you already ran out of the $10K and are now down 20% for Nasdaq or 12% for S&P. I pulled out of the market late Sept and the cash is earning 0%, easily beating DCA. So let's say you DCA the $10K in 10 batches, my question is: how do you know that would beat my advice when my cash is around 12-20% ahead of you already? If market bounces back slowly, it'd take a while for you to even break even. Even if I miss the bottom, I beat your DCA easily. To beat my advice, you need to time your DCA to the downturn length well to be able to beat people trying to time the market - and using the methods I said above, this simple timing has a better winning chance than blindly DCA because most of the DCA plans are already down and might continue to lag further behind cash. + +OK enough about DCA. For the CFA that trashed my post: I'm sorry but please don't make CFA sound like a special qualification. I've used 3 CFAs over the last 10 years, they all were significantly behind my own management of my brokerage account, one lagged far behind the bull market, another was still behind my own managing, and the last one lost significant amount of money during 2017-2018, mostly during the near-bear market in 2018. CFAs lose money too and a lot of them give bad advice. The CFA title alone does not give your any special power in any debate about investing, if not making it worse. HF managers are stronger than CFAs in investing and they lag the market. + +Finally - no one's forcing you to take the advice, and I have yet to see anyone providing a concrete argument against my advice. Saying DCA without details means nothing - because as I detailed above, how and when you DCA make a huge difference, so you essentially still have to time the market - again, an oxymoron of a method. + +I won't waste more time preaching to deaf ears. People could have earned 44% in the last month listening to my advice that I posted for the first time on r/stocks (I only posted on that stock's own subreddit before because I know how biased people are and didn't want to post here unless I was quite sure of the short term actions, and I was totally right) instead of losing 7% with Nasdaq or S&P over the past month. But well, people chose not to listen. I guess there're just too many people too arrogant for their own good on this subreddit. I'll stop posting here. This post won't make me any money and my time spent here is purely for people's own good, but was met with some ridiculous detraction. Way to be hostile to someone who tries to help. +Well, it’s Oct 29 and his estimate of 63,000 is almost spot on. How are we feeling as of now about November and December? I’m thinking a steady and constant rise to 100,000 max +A member from the Bitcoin Brazilian Community is climbing Everest and, if he succeeds, will put a Bitcoin flag on the Earth's highest mountain. The current news is that Allex Ferreira (the mentioned member of BR community) will arrive to the Everest Base Camp in about 4 days, where he should put the Bitcoin flag (at an altitude of ~5,000 meters). + +Here is one picture: +http://i.imgur.com/323Iadd.jpg + +If it succeeds, Bitcoin will be (really) nearest to the Moon. Go Allex! Go Bitcoin! + +# #ToTheEverest #ToTheMoon + +**[Update 1]** Some guys asked for his Twitter or Facebook account to give some tips, but I just have find his Flickr (yes, he is a photographer): https://www.flickr.com/people/allex-2501/ + +**[Update 2]** [CoinBR](https://www.coinbr.net/), a brazilian Bitcoin company, is the responsible for sponsoring the Allex travel to Everest Base Camp. We should give credits to CoinBR, otherwise this travel wouldn't be possible. Here's a picture of another flag: http://i.imgur.com/N75b65k.jpg + +As all of you have noticed, Everest Base Camp is not "almost on the top" of Everest, so I've changed the description to "put the flag on the Everest". Hope that's okay now. +Just out of interest, which bank has the best app? + +I have the apps for Santander and Nationwide. Whilst neither have that many features, they do what they need to very well and haven't had any problems with either of them. I do wish that they had a cheque imaging feature however I can live without this due to how few cheques I actually get. + +I know the challenger banks are meant to have the better apps but are they really any better than the apps provided by the high-street banks? + +&#x200B; + +EDIT - Sorry for posting this so many times. The site said I had to wait 2 minutes before posting again and didn't take me to the uploaded post so I thought I hadn't posted it. +One day it'll be common knowledge that Satoshi Nakamoto invented Bitcoin in 2008, just like today we all know Einstein discovered general relativity, or that Socrates did, well... Socrates, back in Ancient Greece. But the thing is, there will be no one alive on Earth who can personally claim to have lived it. It'll have been so lobg ago! There will be people for whom Bitcoin has been generational wealth for decades. How crazy is that? +I am not a millionaire or something but my income has increased a lot during my career (around 3x in the last 3 years). + +But my expense has remained the same. Also the mentality. Must use public transport, must stay in dorm hostels when I am travelling/working as a remote worker (and can't find super cheap hotels) + +I feel while trying to save small costs, I lose opportunities to make money. Even if there is no opportunity to make money, maybe I should be kinder to myself and treat myself a little better. But I don't. + +Note: I am a freelancer and get paid by hours. I don't want to retire or have any big expenses in future. Since I like to travel, I don't want to buy a house either. The sky is the limit, but as of now, I have more money than I know what to do with it. + +Is anyone in the same situation? How do you train yourself to think rationally? +[And Vanguard is reaping the gains.](http://www.cnbc.com/2017/02/18/massive-exodus-continues-from-active-funds-and-vanguard-is-reaping-the-gains.html) + +"Overall, actively managed U.S. equity funds now hold $3.6 trillion in assets while their passive counterparts hold nearly $3.1 trillion. All classes of passive funds have seen inflows of $563 billion over the past year, while active funds have suffered $325.6 billion in outflows." + +"Vanguard has been a major beneficiary of the move to passive. + +In 2016, the firm saw more net inflows than all of its competitors combined — $289 billion to $244 billion, Morningstar said." + +So people are running to passive funds. I wasn't aware these were blowing up in popularity to such an extent. What are THE CONSEQUENCES FOR FIRE??? +It just came to my attention that there is an ETF with a zero expense ratio that has slightly outperformed VOO. The ticker symbol is "SFY" and made by SOFI. It's inception date is April 2019, so it is a relatively new ETF. + +Does anybody know why it hasn't gotten more attention? Especially among long-term buy and hold investors, I would think it would make more headlines. +I work in the hospitality industry and my dad has a management position in a tourism and travel company. My father came to Australia over 30 years ago to work in that company and has worked hard to get himself to the management position, but I'm worried that once they cut jobkeeper, he will finally lose his job (most employees are losing their jobs in the company). This would be a pretty big detriment as this is the only job he has ever done coming to Australia. I'm worried that he will find trouble finding another job (especially in travel + tourism sector) but more importantly, I think a job loss to my father would impact him pretty hard. + +Right now, I'm hopeful that the Government isn't announcing any further extension close to the current eligibility date to encourage people to seek employment themselves, but at the same time, I understand that it could very well end on March 31st. + +&#x200B; + +Any thoughts would be appreciated, thanks guys +While filing my taxes this year, I was rejected via TurboTax because someone else claimed my child. Both me and my Significant Other are at a complete loss on how to find out who. It's not on either forms. Can someone please point me to resources needed? + +Edit: we found the problem and are moving to fix it. Thanks for the help you guys offered. + I found out my dad has had £20,000 sitting in cash that he withdrew and stored (thankfully safely) in a safe in 2010. + +I'm trying to explain some of the negative effects of inflation to him, but I'm bad at maths, and I couldn't find a calculator which would give me a figure for how much value in today's money his £20,000 has lost. + +[This calculator](https://www.thisismoney.co.uk/money/bills/article-1633409/Historic-inflation-calculator-value-money-changed-1900.html) says that between 2010 and 2021 the total rate of inflation has been 37.25 %...does that mean he's esentially lost that amount (£20,000 \* 37.25%)= £7,450 in purchasing power since 2010? + +Sorry if this is a bit of a basic maths question, just got myself a bit muddled with numbers. +Me and my brother started a construction painting business a couple years back and I had my taxes done last year, but had them extended this year to try and figure them out on my own. Now I'm all but panicking, wondering what I did. I can barely afford to keep our head above water, and pay my own bills and don't have the 700+ to pay out again. I know how to do the personal taxes, as I've done my own and others for years now, but the business part is so much more than I had expected. I try really hard to not panic every day and I'm finally asking for a little advice or help to set me on the right track. I can't afford to fail at this, because of life choices that stop me from getting a decent job anywhere. So I have to make this work for my family and I'm scared to death of letting everyone down. I have the paperwork for everything, all the forms and statements to write off what I can and all, but with it all in front of me, it's just overwhelming. I know this is a long shot, but I'm desperate and I know there are good people out here who know more than me and everything. Any kind of information or help is so much more than appreciated, it's life saving and life debt kind of appreciated. +I have been wanting to get some exposure on pot and given the inherent risks associated with the industry I was thinking of buying an ETF to reduce specific equity risk. + +I have the Horizons Marijuana Life Sciences Index Etf on my radar. + +I would appreciate thoughts on: + +(1) Whether an ETF is indeed the right strategy; and +(2) If yes, whether the above mentioned ETF is the correct choice. +As the title reads, I am buying a new home and can put down 10% or 20%. The reason I am wondering is because I HATE paying money when I shouldn't have to, and if I put down 10%, I will have to buy PMI insurance. I could technically afford 20%, but I won't have a ton of wiggle room if I do. Any advice? +Original Article: [https://www.bloomberg.com/news/articles/2021-04-07/dimon-says-fintech-and-big-tech-are-here-as-banks-lose-ground](https://www.bloomberg.com/news/articles/2021-04-07/dimon-says-fintech-and-big-tech-are-here-as-banks-lose-ground) + +Jamie Dimon said he’s optimistic the pandemic will end with a U.S. economic rebound that could last at least two years. + +“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom,” the [JPMorgan Chase & Co.](https://www.bloomberg.com/quote/JPM:US) chief executive officer said Wednesday in his [annual letter](https://www.bloomberg.com/news/terminal/QR6VNCMEQTXC) to shareholders. “This boom could easily run into 2023.” + +Unprecedented federal rescue programs have blunted unemployment and averted further economic deterioration, according to Dimon, who said banks entered the crisis strong and able to help communities weather the storm. While lenders also benefited from U.S. stimulus, they built up buffers against future loan losses and performed well in stress tests, he said. + +Dimon also pointed to U.S. consumers, who used stimulus checks to reduce debt to the lowest level in 40 years and stashed them in savings, giving them -- like corporations -- an “extraordinary” amount of spending power once lockdowns end. The latest round of quantitative easing measures will have created more than $3 trillion in deposits at U.S. banks, a portion of which can be lent out, he said. + +It could all add up to a Goldilocks moment, according to Dimon, where growth is fast and sustained while inflation ticks up gently. Threats to that outcome include virus variants and a rapid or sustained jump in inflation that prompts rates to rise sooner. + +At 65, Dimon is the most prominent executive in global banking, serving as a spokesman for the industry while leading a titan of both Wall Street and consumer lending. He’s run the company since the end of 2005, and is the only CEO still at the helm after steering a major bank through the financial crisis. + +The 65-page letter (plus a page of footnotes) is Dimon’s longest yet, following last year’s abbreviated one that came less than a week after he returned to work from emergency heart surgery. As always, it is wide-ranging, touching on topics from financial regulation to China to inequality and institutional racism. + +### Competitive Threats + +Dimon, who built the biggest and most profitable U.S. bank in history, also warned shareholders that his industry’s disruption by technology is finally at hand. Shadow lenders are gaining ground. Traditional banks are being consigned to a shrinking role in the financial system. + +“Banks have enormous competitive threats -- from virtually every angle,” he said. “Fintech and Big Tech are here… big time!” + +[Read more: Why Fintech Battles Ahead Are About More Than Banks](https://www.bloomberg.com/news/articles/2021-03-02/why-fintech-battles-ahead-are-about-more-than-banks-quicktake) + +The letter expands on predictions Dimon has offered for years, this time declaring many of those threats have now arrived. Financial-technology firms are more formidable, offering easy-to-use, fast and smart products, he said. Shadow banks -- a group that includes investment funds and online platforms offering financing to companies and consumers -- are winning market share too. + +Those groups have outpaced the growth of banks by some measures, often thanks to less regulation. They have also done “a terrific job in easing customers’ pain points” with slick online platforms, he said. + +“While I am still confident that JPMorgan Chase can grow and earn a good return for its shareholders, the competition will be intense, and we must get faster and be more creative,” the CEO wrote. “Acquisitions are in our future, and fintech is an area where some of that cash could be put to work.” + +As with previous annual letters, Dimon touched on geopolitical issues. On Brexit, he said that uncertain financial regulations coupled with political pressure may lead to a “tipping point many years out when it may make sense to move all functions that service Europe out of the United Kingdom and into continental Europe.” + +Dimon mentioned China more than 30 times throughout the letter, predicting it will probably overtake the U.S. in the next 20 years as the biggest economy and financial market. He lauded China’s growth over the last 40 years but said the country will have to confront serious issues in the next 40, including pollution, corruption and inefficiency. + +“China does not have a straight road to becoming the dominant economic power,” Dimon said. “For the near term, if China and the United States can maintain a healthy strategic and economic relationship, it could greatly benefit both countries – as well as the rest of the world.” + +He also touched on the bank’s future need for real estate, expecting it to drop significantly as remote working outlasts the pandemic. The bank could require some 60 seats for every 100 employees as some staff work under a hybrid model, he said. The lender still intends to build its new headquarters in New York City, he added. + +Despite a warning just two days ago from Senate Minority Leader Mitch McConnell that corporate leaders should refrain from taking stances on divisive political issues, Dimon waded into areas including immigration, health care and education. + +“Our problems are neither Democratic nor Republican -- nor are the solutions,” Dimon wrote. “Unfortunately, however, partisan politics is preventing collaborative policy from being designed and implemented, particularly at the federal level.” + +### ‘Terribly Wrong’ + +For all the brightness in his economic outlook, Dimon found cause for far darker laments. + +The pandemic has thrust profound inequities and their devastating effects into the spotlight. On issues such as health care and immigration, people have lost faith in the government’s ability to solve problems, he said. + +“Americans know that something has gone terribly wrong, and they blame this country’s leadership: the elite, the powerful, the decision makers -- in government, in business and in civic society,” he wrote. “This is completely appropriate, for who else should take the blame?” + +That fuels populism on the right and left, he said. “But populism is not policy, and we cannot let it drive another round of poor planning and bad leadership that will simply make our country’s situation worse.” + +The CEO even put it in economic terms: He estimates wide-ranging “dysfunction” has cut a percentage point off the U.S. growth rate. He suggested studying solutions abroad, pointing to apprenticeship programs in Germany, health care in Singapore and infrastructure in Hong Kong. + +Dimon also reiterated a call for a national Marshall Plan, referring to the U.S. effort to help Western Europe recover from World War II, to address the structural challenges behind the country’s racial and economic crises. + +“Fixing America’s problems is going to take hard work. But if we divide them into their component parts, we will find many viable solutions,” he said. “With thoughtful analysis, common sense and pragmatism, there is hope.” +Hello all. Great sub you have here. I have been reading it for a week. + +Im a 22 year commodities and growth investor. I have experience with dividends of course, but not as a staple means to invest. I will be getting a $125k insurance settlement in a month and have decided I want to use it as a vehicle to improve my daily life. Im one of those frugal people that lives minimally as I invest every extra dollar to ensure a comfortable retirement. This extra income will make me feel better about going out to eat more, planning more vacations, etc. + +After a few weeks of research, Ive come up with this portfolio which I am NOT stuck on. Any advice is welcome. + +$30k CLM + +$30k GOF + +$20k each on ECC, OXLC, and AGNC. + +What do you think? I will do my own DD of course on any advice that is given, of course. +Hello all. Great sub you have here. I have been reading it for a week. + +Im a 22 year commodities and growth investor. I have experience with dividends of course, but not as a staple means to invest. I will be getting a $125k insurance settlement in a month and have decided I want to use it as a vehicle to improve my daily life. Im one of those frugal people that lives minimally as I invest every extra dollar to ensure a comfortable retirement. This extra income will make me feel better about going out to eat more, planning more vacations, etc. + +After a few weeks of research, Ive come up with this portfolio which I am NOT stuck on. Any advice is welcome. + +$30k CLM + +$30k GOF + +$20k each on ECC, OXLC, and AGNC. + +What do you think? I will do my own DD of course on any advice that is given, of course. +I’m really excited about the idea of making enough in dividends to pay some living expenses or regular bills. But I’m 43. It feels like it’s too late to start. I’d like to enjoy the perks BEFORE I’m too old to enjoy it. +Hello! I’m 28 and kinda just starting out with investing and was interested in dividends after learning about it. + +Really interested in the passive income possibility later on but I’ve seen a lot of stuff about having a Roth as well. + +I have a 401k with my employer and was just kind of confused about having both a 401k and Roth? + +Would I be able to generate passive income if I have a Roth for retirement and maybe a separate Robinhood-like account for passive income now? Just wondering how I should go about this. + +Thank you! +Hi, Is it possible to lose all your money invested on dividends? Or not really? Please explain different cases. And I am talking like safe companies like coke, Pepsi, msft etc, can you lose your money. + +Thanks, +Hey Guys, I started dividend investing in end of November 2019. March 2020 was wild and I was able to buy so much at discount. I picked stocks that looked good and they all paid dividends. However, I realized I held way too many. I had 48 stocks total and thought I was way over diversified/diluted. I put in money each week and it was good but I realized/learned that if i were to lower my holding count I can get more returns. As in sell the ones that already went up after March 2020. So im asking you guys if you can rate my current holding. I am going long and going to keep buying more shares of these: + +Renewable/Industrial/Oil: $OMP, AY, EPD, ENB + +Tech: $AAPL, INTC, MSFT (thinking of selling INTC soon or later though). + +Communications: $T, TU + +Finance: $BNS, USB (i also have $PBCT but theyre getting bought out by M&T bank and idk if im going to keep it afterwards, probably take profit and reinvest in my other stocks). + +REIT: $O, BXMT + +ETF: $VNQ, BOTZ (thinking of maybe selling BOTZ though) + +Ark Funds: $ARKK, ARKQ, ARKF, ARKW (cant own ARKG - work reasons) + +extra: $QYLD, NMZ (monthly nice dividends from these two :) + +Edit: According to [Trackyourdividends.com](https://Trackyourdividends.com)..i get $5575 annually. + +thank you +Hi there! Is there anyone crazy enough to be 100% all in on Realty Income? + +Here are some reasons I think Realty Income is superior: + +1. Scale advantage allowing the company to make bigger deals + +2. Management and history of increasing dividends + +3. High current yield of >4.20% APY + +4. A-rated credit by Moody's and S&P Global + +5. Exemplary capital allocation by Morningstar + +6. European expansion allows for more growth opportunities with little competition, mainly WPC + +7. European expansion gives O access to bond markets with very low yields + +8. Inflation means increasing property values, which is good for O because it's an equity REIT. Increased book value compared to dividends paid reduces WACC on the issuing equity side + +9. If inflation is transitory, then interest rates will likely stay low for a while, keeping WACC low on the borrowing side, so a heads-O-wins and tails-O-wins situation + +10. One downside to inflation is the fact that there are not very many CPI-tracking rent escalators for O leases, I read that a lot of their leases have a 1% annual increase + +11. Monthly dividends are cool, and management's first focus, which means the company is conservative with investments + +12. Tenant diversification, creditworthiness, and defensive sectors limit probabilities of things going wrong + +13. Personally, B2B NNN real estate has a low carbon footprint due to operational efficiency, and it doesn't harm people + +14. They have recently this year committed to better environmental outcomes for their properties + +15. The fact that they have so many tenants in different industries basically makes it a diversified fund + +The only real negatives that I can see is nonsystematic risk regarding management decisions, but the corporate culture seems strong, and the adherence to the dividend protects against this. The dividend growth rate is also somewhat low at ~4-5% annually, but I think there is a chance that this is conservative due to the competitive advantages involving the scale efficiencies. + +Any thoughts? +Hello, I'm quite new to dividend investment, I have been in the market since January. + +I have a portfolio worth about 20k, 15k of which is in PCI. It pays a monthly divided of .175 and has done this consistently for ages. + +I have been looking at investing in others such as SCHD, DGRO and VYM. But when I use a calculator to explore income from a diversified portfolio it seems to be less than if I just keep the major bulk of my money with PCI. + +Is there a reason that I should diversify if it would result in lowering my dividend income? Am I missing a big downside of this fund in my research? + +I should add this is a tax free account in the UK. + +Any help would be greatly appreciated. +\*sorry for repost had to fix the title\* + +just wanted to start building a dividend portfolio. + +The reason I am doing it is to build a small stream of passive income. I haven't thought too heavily about long term goals, but wanted to make small contributions to it over time. Right now I have 2500$ in it and want to grow it to 10k$. I know it will take a long time and I'm expecting this to behave as supplementary income during retirement as I doubt I will have over 100k$ invested by the time I hit retirement age. I have a brokerage account. + +These are my current holdings: + +$PSEC / $SPHD / $KO / $T / $PRU / $XOM + +&#x200B; + +I have seen mentions of $O / $VDADX / $SDY. Not sure if I should add these. + +&#x200B; + +1. How would I balance out Purchases on portfolio? I have a lot of PRU but that is because company I work for gives us RSU that vests over time. +2. What are the least amount of holdings I could aim for? I see some portfolios that have over 34-50 holds and I haven't really settled on what other stocks I would like to add. + +&#x200B; + +Thanks +With the fed rising the interest rate, does it make sense to invest in a US treasuries / bonds tracking ETF, like e.g. this one: [https://etf.dws.com/de-de/LU0429459356-us-treasuries-ucits-etf-1d/](https://etf.dws.com/de-de/LU0429459356-us-treasuries-ucits-etf-1d/) (ISIN: LU0429459356). Overall, the value doesn't really go anywhere (neither up or down). But the dividends from it should cover a part of inflation. + +Is this something to use when you are very risk averse and still don't want to lose out completely on inflation and might need your invested money? I understand that other ETFs provide way better value for money, but those can experience pretty hefty downturns in times of crisis (like, bigger than 10%) for more than a year. + +Assume I have 10k "semi-expendable" money sitting on the side: Is this a place to look at? The money might be needed in a year, or maybe in 5 - I can't tell right now. + +Hope this question fits the theme of the sub. +For those looking for a good platform, I would recommend Fidelity. They are commission-free, have fractional trading, fast balance transfers, reinvest dividends, and an updated app for trading. Also no fake support from people trying to get free stocks. +Bitcoin has never failed - NEVER - the protocol has remain sound and unhacked for over a decade - usd volatility sure, the price fluctuates, but the nodes and wallets and network continues to grow and strengthen. + +Let me repeat myself - Satoshi’s creation of a digital peer to peer electronic monetary network was created and has run soundly for 12+ years - anyone can buy it - anyone can send any amount they have to others without external influence or control. + +One can send anyone money anywhere in the world - takes just under 10minutes to settle - no bank wire fee - no fiat conversion fee - it’s amazing that this system was invented. +Me and my fiance have a lot of debt we have accumulated over the last 4 years. Most of that time either i or her have been out of work. We both have ccjs and debt collectors after us. Currently i am working but shes not. Shes applying for jobs everyday but is either ignored or turned down. We can just about afford our bills and food shopping (was left with £30 this week) but cant pay any of our debts they just keep addind extra money on, what can we do, im sick of doing 40+ hour weeks with nothing to show for it. +Would love some support and advice. My 70 year old mom retired two years ago with $100K in 401K, social security, and mortgaged house, and a car payment. Her social secuirty does not cover all her expenses and I just found out she went through her 401K trading options. I'm working towards opening up the dialogue with her about what level of help she needs to survive every month. Her plan right now is to get a job, which seems unlikely because of her age and limited skill set. + +Have you been in this situation, and if so how did you handle it? Were your parents willing to let you help before they were in real financial trouble (car repo, foreclosure, etc.) + +Right now my best idea is to take over her mortgage payments and frame the idea for her as us buying her house as an 'investment.' My husband and I just started investing in real estate, so she might be able to buy that BS. This will insure she has a place to live, and we will have her name us as owner's once she passes (living trust most likely). + +Helping her financially is going to be a burden on our family and hinder our financial goals. I'm not surprised by this situation, but I am incredibly frustrated at how this will set our family back in our goals. + +Thanks for any advice. +https://www.cnbc.com/2022/03/09/sony-suspends-all-playstation-sales-in-russia-over-ukraine-war.html + +Just watch. Tomorrow, all hell breaks loose. Playstation sales may be suspended in Russia, but not torches and tridents. Because that’s what the gamers of Russia are going to be marching onto the capitol with. You think Jan. 6 2021 was bad? Just hold your horses, because Russian gamers won’t. They’ll be riding them, wielding swords in one hand and bows/arrows, on the other. + +!banbet that tomorrow will be filled with gaming riots in Russia. + +I’m really high right now, maybe posting this was a mistake. Shit. + U.S. construction spending unexpectedly fell in September amid declines in outlays on both private and public projects. + +The Commerce Department said on Monday that construction spending dropped 0.5%. Economists polled by Reuters had forecast construction spending gaining 0.4%. + +... + +Spending on private construction projects decreased 0.5% in September after falling 0.3% in August. Outlays on residential construction dropped 0.4% after nudging up 0.1% in August. Single-family homebuilding spending declined 0.6% and outlays on multi-family housing projects slipped 0.3%. + + Residential investment contracted for a second straight quarter in the third quarter, weighed down by declines in home improvements and single-family homebuilding. + +Investment in private non-residential construction like gas and oil well drilling fell 0.6% in September. Spending on structures declined for a second straight quarter in the July-September period, led by commercial and healthcare structures. + +Spending on public construction projects tumbled 0.7% in September after increasing 1.2% in August. Outlays on state and local government construction projects fell 0.4%, federal government spending plunged 4.3%. [https://kfgo.com/2021/11/01/construction-spending-unexpectedly-falls-in-september/](https://kfgo.com/2021/11/01/construction-spending-unexpectedly-falls-in-september/) +Ok, I’m completely confused and need help understanding. I can’t possibly understand how Ford motor company has been around for so long and has an established business model that is progressively going to change here in the next couple of years to electric vehicles. Since Rivian hit the market all kinds of questions have come to mind especially the market cap of these companies and how they’re surpassing other companies that have been around for decades. + +Can someone explain to me how Ford stock is $19.00 a share at $100B market value and the most sold truck in America…Yet, Rivian sold 156 trucks to date and the stock is $124.00 ish and $120B market. This makes so sense. +Anyone else looking to remortgage to take advantage of these new rates? Just got an [email](https://www.moneysavingexpert.com/latesttip) from Money Saving Expert with some interesting advice on getting a cheaper rate in the current climate. + +Obviously there are fees involved, but with everything included ... it works out at £100 cheaper a month, which is substantial. + +But a dumb question... does the Early Repayment Fee get incurred even if you switch product with the same provider? + +Edit: After ERC and booking fees (£3k!), HSBC is saying the "initial monthly payment" is only £30 less than what I'm paying now. But when I calculate it on my own, it's £90 less. Is it because they have to calculate it at the 2.6% APR rate? (which takes into account the total life-span of the mortgage including the reverted rate after the 5 year fixed period). + +Seems a bit misleading if the initial monthly payments are actually less than what they're saying. + +Final point: is it worth adding £3k to the mortgage in order to save £90 a month? My terrible intuition with maths can't quite work it out. + +Edit 2: Found a [handy tool](https://www.moneysavingexpert.com/mortgages/fixed-mortgage-calculator/) (I swear I'm not an MSE shill) to calculate what rate you'd need to make it worth switching. Seems like it might not be worth it (it says I'd need -0.39% rate to make it worthwhile, with all fees totted up.) +Say a billionaire wants to invest in a multimillion dollar start up. Does that billionaire have cash in an account that gets paid to the start up, or does the investor usually have to liquidate his or her assets/ cash equivalents in order to be able to buy a share of the company? +https://www.bloomberg.com/news/articles/2018-12-22/california-s-pg-e-roiled-as-regulator-raises-breakup-threat?srnd=premium + +> After years of wildfires linked to power lines, a deadly explosion and accusations of falsified safety records, California utility owner PG&E Corp. is facing a deterioration of trust among state leaders. + +> The California Public Utilities Commission on Friday began a formal process to evaluate whether PG&E’s Pacific Gas and Electric utility should be split into separate electric and gas companies, carved into smaller regional subsidiaries or converted into a publicly owned company. The regulator also will look into less drastic steps, such as whether PG&E needs new board members or management. + +> The step came a day after a key state senator demanded changes to the board and executive suite. + +> “Enough is enough,” said Senator Bill Dodd, a Democrat of Napa, who had been considered friendly to the company after writing legislation that will help it pay for lawsuits arising from last year’s wine country wildfires, many of which were tied to its power lines. “We have to have a safety culture at PG&E.” +Biden Proposal Could Lead to Employee Status for Gig Workers +A proposed rule, long awaited by labor activists, would make it harder for companies to classify workers as independent contractors. + +The Labor Department on Tuesday unveiled a proposal that would make it more likely for millions of janitors, home-care and construction workers and gig drivers to be classified as employees rather than independent contractors. + +Companies are required to provide certain benefits and protections to employees but not to contractors, such as paying a minimum wage, overtime, a portion of a worker’s Social Security taxes and contributions to unemployment insurance. + +The proposed rule is essentially a test that the Labor Department will apply to determine whether workers are contractors or employees for companies. The test considers factors such as how much control workers have over how they do their jobs and how much opportunity they have to increase their earnings by doing things like offering new services. Workers who have little of either are often considered employees. + +The new version of the test lowers the bar for that employee classification from the current test, which the Trump administration’s Labor Department created. + +The proposal is intended as a so-called interpretive rule that doesn’t have the legal force of a regulation specifically authorized by Congress, and it applies only to laws that the department enforces, such as the federal minimum wage. States and other federal agencies, like the Internal Revenue Service, set their own criteria for employment status, and the rule would not directly affect what they decided about the status of gig workers. + +But many employers and regulators in other jurisdictions are likely to consider the department’s interpretation when making decisions about worker classification, and many judges are likely to use it as a guide. + +As a result, the proposal is a potential blow to gig companies and other service providers that argue their workers are contractors, though it would not immediately affect the status of those workers. + +“While independent contractors have an important role in our economy, we have seen in many cases that employers misclassify their employees as independent contractors,” the labor secretary, Martin J. Walsh, said in a statement. “Misclassification deprives workers of their federal labor protections, including their right to be paid their full, legally earned wages.” + +Uber and Lyft have said in federal filings that having to treat drivers as employees could force them to alter their business models, and some gig economy officials have estimated that their labor costs would rise 20 to 30 percent. + +Editors’ Picks + +‘House of the Dragon’: Paddy Considine Won’t Watch Sunday’s Episode + +Cate Blanchett Doesn’t Want to Be Understood + +Renting ‘Sight Unseen’? A Broker and FaceTime Helped +The proposal also defuses growing pressure from activists supporting gig workers, who complained that the administration had been too slow to intervene to protect ride-hail drivers and other app-based workers. + +In proposing its rule, the Biden administration is harking back to an approach adopted under President Barack Obama, though administration officials said in interviews that they were merely returning to a standard that federal courts have repeatedly upheld over the decades. + +The Biden administration delayed and then scrapped the Trump rule before a federal judge reinstated it. The new proposal would formally rescind the Trump rule and replace it when the proposal is made final in the coming months. Opponents could ask a federal judge to block the rule temporarily or strike it down, but administration officials expressed confidence that it would withstand judicial scrutiny. + +Under Mr. Trump, the department argued that two factors should predominate in determinations of whether a worker is an employee or a contractor, even if other factors are relevant: the degree of control a company has over the worker, and the extent to which a worker can increase his or her income by taking entrepreneurial initiative, like marketing his or her services. + +The Trump Labor Department suggested that gig workers like Uber drivers would probably be considered contractors under these criteria. Proponents argued that the Trump approach was necessary so enforcement didn’t snuff out new ways of doing business, such as the gig economy. + +But in an interview, Seema Nanda, the Biden Labor Department’s top lawyer, said the Trump rule “threatens to actually increase rather than decrease misclassification.” + +The proposal by the Biden Labor Department argues that several factors must be weighed when assessing whether a worker is a contractor or an employee, and that none of them are necessarily more important than the others. Among the additional factors are whether the work being performed is central to a company’s business, and what kind of investments workers make to do their jobs, such as buying equipment. + +Administration officials cautioned that determining whether or not gig workers like Uber drivers are employees would hinge on applying the test laid out in the proposal to individual cases and that they were not prejudging the outcome of any one of them. They also emphasized that the proposal did not target a particular industry. + +“We make a determination based on the specific facts in any case that we look at,” Ms. Nanda said. “Misclassification harms workers across a wide range of industries.” + +Gig companies like Uber and Lyft have sought for years to influence laws and regulations on worker classification. After the California Legislature passed a bill that effectively classified gig drivers as employees in 2019, gig companies spent roughly $200 million helping to pass a ballot measure that would exempt their workers from employee status while granting them limited benefits. + +A state judge later ruled that the measure was unconstitutional. The decision is being appealed. + +Gig companies have tried and failed to enact similar measures in other liberal states, like New York and Massachusetts, but did help pass a contractor measure in Washington State. + +Uber and Lyft have often argued that drivers prefer the flexibility that independent contractor status affords them, such as the ability to work when, where and however long they choose to. They have cited polling data that appears to affirm this. + +Legal scholars point out that there is nothing inherent about employment status that would forbid companies to grant workers similar flexibility. + +Asked in an interview this summer whether he thought drivers would prefer to be independent contractors or employees if the trade-offs were made clear, Mr. Walsh, the labor secretary, argued that “95 percent of people would say yes” to being classified as employees. + +Companies, unions, workers and other members of the public will have a month and a half to formally comment on the proposal before the department incorporates feedback into a final rule. + +https://www.nytimes.com/2022/10/11/business/biden-gig-workers-contractors-employees.html +Because I've been seen a lot of post lately about people getting scammed with these free Bitcoin giveaways and how you have to send the money to receive money I'm going to send $50 a Bitcoin to the next 10 people to post there wallet addresses. + +There's nothing else to it. + +edit:.OKAY NO MORE ADDRESSES. + +As for the paranoid dude with top comment... Do you even understand how Bitcoin and Bitcoin wallets work? You're loss. + +Everyone else, thanks for letting me farm your data. Suckers.... Jk. + +Edit 2: Okay, I lied. I sent 12 of you $50 in bitcoin BUT, the fee came out of your $50 so you're receiving $49.00 instead. + +Edit 3:[Proof](https://i.imgur.com/P6UyEp9.jpg) + +Edit 4: I was going to do another giveaway of $100 to 10 random redditors but now I'm regretting even doing the first giveaway. There's so many paranoid fucks that need to go outside and stop being cynical. No one on reddit is a unique snowflake, nor do any of you matter to the point that someone would give away $1000 dollars in Bitcoin just to find out who you are. Get the fuck over yourself naysayers. + +The reason I did this was because I made a post on Facebook to give $100 in Bitcoin to 10 random people that wanted to get started with Bitcoin. Only 1 person responded so I came here to make some people happy. + +My life is shit and the only way I can make myself happy is to make others happy. So thank you to the people that decided to shit in my Cheerios. + +My time on this earth is limited and I can't take my money to hell with me. + +**Edit 5: I didn't realize how much this blew up. In 8 days I will be doing another giveaway of $100 worth of Bitcoin to the first 10 people to reply to the post (when it goes up in 8 days).** +Day 1: 25 Aug 2022 💰✅️ WINNING DAY + +Number of Iron Condors : 8.5 + +Capital deployed : $25500 USD + +Net credit per Iron Condor (not accounting for comissions) : $80 USD + +Profit for today (accounting for comissions) : ~ 637.50 USD + +*Note : Although it shows 14 Iron Condors being traded, I am only doing 8.5 Iron Condors. The remaining 5.5 Iron Condors is whereby I help my family members trade too. +Hi all, I just wanted to get some advice. I have recently started looking into day trading and have been watching videos and reading books on it. One thing that seems to concern me is that I have seen some people saying that achieving a 1% to 2% return a day on average return is totally achievable once you are good at day trading. + +However I have also seen others say that this is totally unrealistic and unachievable and you should be looking at a lot less, say 1 to 2% a month if you're good. + +I just wanted the views of those who have some experience in day trading, is 1 to 2% from trading daily on average fantasy land? + +Many thanks in advance +I'm 19 years old, it's been 4 years since i got into the world of finance, i started by reading books and watching interviews and since my dad encouraged my passion i decided to start a weekend and holiday job to earn some money to invest. + +Lately i started watching trading videos and i would like to learn more. + +(please correct my statement if wrong, thanks) i see day trading as an effective way to make some money on the short term (through dedication, study and time of course) while investing takes time to see good results. + +I noticed that there are a lot of scams online, many people promise trading strategies for 200$ courses to make u rich. I know that those are bullshit, but could someone with more experience than me give me some advices on what courses should i follow, what books should i read and how can i learn strategies to start day trading? + +I appriciate your help a lot, thank you! +So i know how options works, kinda, because I don't understand how so of y'all on this sub making lile 3000% on some options if you have to pay for the contract + the inssurance. Isn't it more profitable to directly buy the stock instead? +He's 35 years old, no assets, no dependents but its complicated as I had just financed to own a brand new car in my name with him co-signing to help his bad credit. + +Like an idiot I didn't add it to my policy and let him drive it off the lot with a promise that he'd shop around because he is also expensive to insure for past accidents that were small in scope and tickets. I didn't expect that I'd lose my brother and now I am probably on the hook for a new car that looks to be totaled. + +Not sure who is at fault yet my parents got the call from the coroners office earlier this morning in the AM. Not sure if the other person got hurt. My parents are getting older and it usually fell on my older brother or myself to handle things and he was the financial guy. It was usually my brother that handled most of it. So this falls on me now and I am lost. + +My family is living month to month and doesn't have much to work with. Can anything be done? Can my family get sued? I haven't called my auto insurance provider yet. + +Besides the car, any other advice will be appreciated. Thanks for reading. + +Edit: Didn't add the car to my policy* +Edit: Haven't slept yet. I will answer any questions after I wake up. Thanks again. + +Update 10pm 4/9* Thank you for all your help and well wishes. I called my agent and he did confirm that my policy has a 14 day grace that can be back dated to cover the car. I filed an initial claim and I'm waiting to hear back from the claims adjuster. The police are still trying to collect evidence and it may take a little while. +I am 21 and currently have $1,700 on my credit card balance. I have about $30 in my bank account, and $2650 on Robinhood in stocks. I have a summer internship right now, and my monthly take home pay is around $2,000. + +My question is should I sell my stocks off to pay down my credit card right away? My credit history is already rather poor. +Stop telling how you found an old hard drives with thousands of dollars worth. Stop saying how much you own. Stop saying how much you are selling or buying. Stop saying the value in a wallet you are trying to crack. + +Take this coming from someone who foolishly revealed my crypto net worth to my own sister and have been regretting it ever since. I could not imagine sharing that information with internet strangers and yet I see it posted here daily. + The price of ARKK continuing to drop ( down 39.21% in the past 6 months) what is the consensus on Cathie Wood's predictions and Arkk in particular? Will it recover or will it continue to plummet? As someone who has previously used Arkk holdings as a basis for past investments I am a little concerned about the reliability of future picks made by Cathie Wood, what do you guys think? +If you're new and haven't been around atleast a couple cycles, it's easy to let the charts get to you when you're down. I used to check them constantly trying to find the "dip" (I didn't really understand what that was at the time) in the middle of a bull run... it was even more after it had a major, prolonged (actual) dip. I was off the ATH by less than 5% on the buy in. + +I remember feeling like a fool for learning FOMO the hard way. I also made the mistake of telling 2 people I got into Crypto, and was up. I was green for less than a week and was constantly asked 'how much was I up now?' In the following red months. + +Those months did end though. I kept buying, lowering my average purchase price. Even with recent 'crashes' (I use that term loosely) I'm still green. + +Now not every coin does this, but some do. DYOR to find out which ones. + +Edit: This ofcourse excludes shitcoins. +My husband and I own our residence which is probably worth around $180k-$195k and is approximately 1500 sq ft. We have made significant improvements to it. We do not have a mortgage. I spend around 1 hr and 20 min to 1 hr and 40 min commuting roundtrip each day. Around 33 miles each way. My husband's commute is around 60 minutes roundtrip. + +I would like to live in a more central location with a commute under 30 minutes. My husband's commute would go down or be about the same. The issue is that a home in the areas where we would each have a "fair" commute are much more expensive than our current area. We'd have to take on a $200k to $250k mortgage. + + +Part of me wants to stay in this house, since our home expenses are so low and will help us achieve FI earlier. Our gas bill is only around $200/month, since we both have fuel efficient cars. I spend $80/month in tolls. So really, the increased cost of fuel/tolls/depreciation isn't anywhere close to the increased cost of housing that we would need to take on. + +I'm in the office 9-10 hours a day, depending on what's happening. That extra time in the car really eats into the little free time I have. I recently just took this job, which came with a 10% salary bump and very good benefits. I guess another potential option is to stick with this job for a few years and then try to find another one with a better commute. + +Has anyone ever dealt with this issue? What did you end up doing and how did it impact your FIRE goals? + +One year ago, Loup Ventures founder Gene Munster and his colleagues laid out a set of tech predictions for 2019. His top call: “Apple will be the best performing FAANG stock in 2019.” He nailed it, and sees five reasons Apple stock will continue rising. + +One year ago, Loup Ventures founder Gene Munster and his colleagues laid out a set of tech predictions for 2019. His top call: “Apple will be the best performing FAANG stock in 2019.” + +He nailed it: As we near year-end, Apple stock (ticker: AAPL) has rallied 86% year to date, well ahead of the other FAANGs: Facebook stock (FB) has rallied 59%; Amazon.com stock (AMZN), 24%; Netflix stock (NFLX), 23%; and Alphabet stock (GOOGL) (G as in Google), 30%. + +While he’s lately been investing in startups, Munster built his reputation earlier in his career as an equity analyst covering Apple stock, generally bullishly, at Piper Jaffray. + +Munster’s call on Apple’s big 2019 not only got the stock right—he also correctly called what drove the stock higher: A new focus on services, a better position than rivals on regulatory issues, and investor anticipation of 5G iPhones in 2020 and beyond. + +Yep, Munster nailed it this year, and he’s going for it again. + +Last week, Munster and Loup rolled out a set of predictions for 2020. And it starts with this one: “Apple is our pick for top performing FAANG stock in 2020.” He thinks fair value for Apple stock is in the $350 to $400 range, which implies a potential gain of more than 30%. On Monday, the stock is down about 1% at $286.79. +Munster offers five reasons he thinks the stock will keep rolling in 2020. + +Easy iPhone comparisons: He thinks Apple is likely to meet or exceed analyst expectations in three of the four quarters of 2020 based on easy iPhone comparisons — he notes that iPhone sales were down year-over-year in all four quarters of fiscal 2019. He thinks iPhone will account for 20% of Apple’s revenue in fiscal 2020. + +Wearables: Munster says Apple’s wearables sales will be larger than those for the Mac in 2020, driven by a new version of the AirPod with better battery life and continued growth for Apple Watch. There’s also the launch of a much-anticipated product called Apple Tags, which Munster says will attach to keys, wallets and other things to keep track of their locations. He sees wearables sales up 45% in 2020, driven primarily by AirPods and Apple Watch. “Beyond 2020, Apple Watch has significant room to grow, given that global Apple Watch adoption remains nascent,” he writes. “We expect 20%-30% Apple Watch unit growth for the next five years.” He thinks that by 2025, Apple Watch sales can reach $48 billion, or about 12% of Apple’s overall revenue. + +New iPhone Models: Munster expects five new iPhone models in 2020, versus three new models in each of the last two years. All eyes are on the expected 5G launches in late 2020. + +Investors Await 5G: Munster made this forecast a year ago, and updates it this time. “5G will be the biggest iPhone upgrade cycle since 2015, which benefited from the first full year of the larger-screen iPhone 6,” he writes. “Long term, we believe the 5G cycle can deliver two years of 10% iPhone revenue growth, compared to our expectation of iPhone revenue essentially flat in calendar 2020. That said, the iPhone 5G cycle will hit full stride in 2022 and 2023. We expect the product’s first full year (2021) to disappoint investors due to lack of 5G coverage from wireless carriers, which will act as a governor on iPhone 5G adoption.” + +Multiple Expansion: “We expect AAPL’s earnings multiple to increase in 2020,” he writes. “Investors will begin to recognize Apple’s combination of hardware and services as a high-visibility and sticky business. The prevailing investor view is that shares of AAPL should be undervalued relative to peers based on a belief that the company’s risk profile is relatively higher, because 75% of its revenue comes from hardware. Over the past decade, Apple’s results have shown that the combination of hardware, software, and services can deliver earnings, the most important measure of financial strength, that exceed other tech companies with higher multiples. Over the next year, we believe investors will gain confidence in applying a more services-like multiple to AAPL given the hardware business (iPhone and wearables) will deliver revenue visibility similar to traditional services businesses.” + +Sources: Barron's +Naked call sells are usually pretty risky, but in this case, the probability of GameStop going past 800 is pretty much zero right? + +So what am I missing here? Isn’t this effectively free money? +These plays obviously require much different risk mitigation than covered/secured options. + +I know a lot of you are scared of these plays and will say "infinite risk," but you're not the ones I'm asking. I'm interested in hearing from those that actually employ these plays, and how you have employed them successfully. +Long time lurker. So recently I have started to ramp up leverage and doing more spreads. One thing I am stuck on is, for credit spreads, is it better to open them with a bigger width, or smaller but sell more contracts? Basically which would be higher probability of success? + +for example MSFT 290P/270P vs. 290/285 but you open 4 contracts + +&#x200B; + +thank you for everyone's input. very helpful +https://www.fidelity.com/learning-center/investment-products/options/options-strategy-guide/short-straddle + +They say this: + +>It is important to remember that the prices of calls and puts – and therefore the prices of straddles – contain the consensus opinion of options market participants as to how much the stock price will move prior to expiration. This means that sellers of straddles believe that the market consensus is “too high” and that the stock price will stay between the breakeven points. + +>“Selling a straddle” is intuitively appealing to some traders, because “you collect two option premiums, and the stock has to move ‘a lot’ before you lose money.” The reality is that the market is often “efficient,” which means that prices of straddles frequently are an accurate gauge of how much a stock price is likely to move prior to expiration. + +Specifically the "too high" and "efficient" parts. Doesn't selling options work precisely because you believe in the efficiency of the market? In other words, you believe the market's chosen IV is the best prediction of how the underlying will move. + +I thought being short straddles means you believe the market consensus is CORRECT, not "too high". +I have been following theta strategy for about a month and have had about 10 different options expire in my favor on various different stocks. On all of them it seems the premium is extremely small. Maybe 1 - 3% gains on a successful trade just OTM with 14 DTE on most trades. I have seen posts recently claiming gains of up to 20%. I don’t understand how this is possible, even on high IV options like AMC BB NOK and the like which I’ve been trading. + +What am I missing?? +I started out with option selling by papertrading about a month ago and all looks fine by now. One of the strategies I am testing out is the PMCC. + +I usually buy the "LEAP" call at an ITM% of 80 (delta slightly higher) and 3 months to expiration. I know 3 months is not really a LEAP, that is why I put in in quotation marks. Then I sell a call at an ITM% of less than 30 (delta about 0,3). + +Now, everything goes well as long as the market keeps rising steadily. But what happens when the market crashes (and recovers). If I bought in at lets say $100 stock price and the stock price would go down significantly first, but rise up again to that $100 in the 3 months before expiration. Would that mean my "LEAP" call would be worth exactly what I paid for, not making any losses? + +What would happen if the market would not rise back up to $100 in those 3 months? Can I do any adjustments to my position, or would it be more wise to start out by buying a real LEAP, minimum 1 year out to be able to sit out such a crash? + +Thank you for your input! +Hey thetagangers, + +So I’m up in Canada and I’m +Investing inside a tfsa and rrsp. Inside those accounts, I cannot short sell, just buy puts. + +Also can’t sell puts or other advanced option strats such as CCS PCS etc. I can buy calls buy puts and sell CCs. + +Let’s say I want to short a stock, and the example im going to use here is TSLA. I know that will make you TSLA fanboys tweak a little, but this is hypothetical, so cool it…. + +If I buy a position then immediately sell the deepest itm call i can, I will basically have all my cash back out of the trade. + +Example, buy TSLA, sell Jan 23 $6.67 C. I’ve got my cost basis out minus $667 per contract. + +My thesis is that this stock is going down. If I’m wrong and it goes up, I will likely get assigned, but I don’t care because I sold the call at my cost basis. I didn’t win but also didn’t lose. + +If my thesis is right and it goes down, how is this not basically the same as going short, but without paying the borrow fees? + +What am I not thinking of here? + +Literally can’t go tits up….(homage to u/ironyman here, because I think the risk is early assignment, but let me know what you think) + +I my head I’m thinking early assignment isn’t a big deal for me, because I covered my cost basis when I sold the call. Not winning but not losing. +Good day folks, + +I've been with my employer for about 4 months as a full time permanent on probation. My employment was terminated on the 11th of March. I contacted my workplace to ask if they were intending to claim the JobKeeper subsidy and they said that I'm not eligible as my employment was terminated. There are a few things I'm not clear about regarding the JobKeeper payment system and I was wondering if I could get people's opinions, advice etc. + +Is there a difference between being stood down and terminated? The wording on the Ausgov website says that employees that are 'stood down' are still eligible but I'm not sure this includes myself since I'm completely off the books now. + +If I am eligible and my employer is eligible, do they *have* to put me back on the books. Knowing my employer, he would not want to go through the trouble of rehiring if there's no benefit for himself and would encourage me to get the jobseeker payment instead. + +What's the best way to approach a situation in your opinion, when an employee is hesitant to rehire one of their employees. Keeping in mind that my immediate financial fate is in their hands for the next couple of months, how would you go about getting their cooperation? + +Thanks for reading my post, + +Stay safe +#Update +I've just posted an update here: https://www.reddit.com/r/personalfinance/comments/6iza3k/update_and_more_questions_inherited_debt_from_a/ + +I posted this on /r/legaladvice and people asked me to post here. + +Location: Las Vegas, NV + +I'm really overwhelmed right now and I don't even know where to begin. Google searching isn't helping at all. + +My father passed away suddenly and he left his taxable brokerage account to me via a transfer on death policy. I presented the death certificate to the brokerage and took control of it a while ago. It took some time to go through the account and learn about stocks. A week after possessing the account it went negative $75k (from positive 50k~.) and the brokerage liquidated everything. The broker issued a margin call on the account. I had no idea at the time why this happened but doing some research it seems like my dad "short selled" some call options "naked" according to the broker. I think it means he was betting that a stock would go down but it went up instead and he risked unlimited losses. + +The broker is demanding payment from me. This is really really crippling as I can't just come up with $75k and I don't know how it is possible to inherit debt. The broker told me I was responsible the day I did the transfer of death and should have known and managed the positions before doing so. To me it's really ridiculous that there could be these lurking time bombs. Do they have any legal responsibility to close out risky positions such as that? + +I don't know what to do or who to turn to. Is it possible to get back the $50k and not have a debt? If not, is it possible to turn it back over to his estate so I'm not on the hook for a huge bill? + +We’ve all seen how the “100k EOY” influencers got rekt as we entered 2022. + +Even still, if Bitcoin reaches 100k that’s only 2x which is super impressive don’t get me wrong, but its not enough to make you a millionaire. + +Most people you see who made this much money in the crypto space basically got lucky investing in start ups that boomed. + +Some end up being scams and rug pulls, other prove to be a great investment. +A trusted launchpad like Binance or even SolanaPrime since it has insurance backing would decrease those chances of scams a lot though. + +Bottom line is. Bitcoin is a very cool and safe investment. I love it. But if you want fast profits, you’re looking in the wrong place. +The first knee jerk reaction from legislators is here. Senator Warren just introduced a bill titled "Crypto Anti Money Laundering Bill" that has major ramifications on how crypto will be treated. + +It seeks to classify every crypto entity including wallets, nodes, validators, dapps, developers etc as "money service businesses" and forces FinCEN to regulate these. This means all of these crypto entities would have to introduce KYC norms. + +The most damaging aspect of this bill is this section: + +>**The Financial Crimes Enforcement Network shall promulgate a rule classifying custodial and unhosted wallet providers, cryptocurrency miners, validators, or other nodes who may act to validate or secure third-party transactions, independent network participants, including MEV searchers, and other validators with control over network protocols as money service businesses.** + + +According to this bill, + +1. Both custodial and non-custodial (unhosted wallets) +2. Miners, validators, "other nodes" who may validate or secure third party transactions +3. Independent network participants including MEV searchers +4. "Other validators" + +Will all become MSB i.e money service businesses. + +MSB's are already regulated: https://www.fincen.gov/money-services-business-definition + +Every MSB must comply with these regulations, which include obtaining registrations, KYC of all its users. etc. + +> Each money services business (MSB) is a financial institution. + +So this bill seeks to treat every miner or validator or node or wallet as a financial institution. This means even wallets would have to comply with stringent AML laws. At this point it does not appear clearly as to how wallets will even track KYC of all its users. This would probably outlaw self custody wallets since they have no way to track KYC of its users. I mean, how will electrum or metamask KYC its users? + +This bill effectively outlaws privacy coins like Monero and makes all kinds of mixers and privacy tools illegal - because such privacy chains and tools cannot possibly comply with these regulations. Edit: Actually, its much worse - it straight up prohibits dealing with any kind of "anonymity enhancing technique". This bill flat out prohibits privacy coins. + + +Here is the part of the bill that totally prohibits all kinds of privacy: + +> Not later than 120 days after the date of enactment of this Act, the Secretary of the Treasury shall promulgate a rule that + +> (1) prohibits financial institutions from handling, using, or transacting business with digital asset mixers, privacy coins, and other anonymity-enhancing technologies, as specified by the Secretary; and + +> (2) handling, using, or transacting business with digital assets that have been anonymized by thetechnologies described in paragraph (1) + +The opposition to this draconian bill already begin: [https://www.coincenter.org/the-digital-asset-anti-money-laundering-act-is-an-opportunistic-unconstitutional-assault-on-cryptocurrency-self-custody-developers-and-node-operators/](https://www.coincenter.org/the-digital-asset-anti-money-laundering-act-is-an-opportunistic-unconstitutional-assault-on-cryptocurrency-self-custody-developers-and-node-operators/) + +Here is the copy of the bill: [https://www.warren.senate.gov/imo/media/doc/DAAML%20Act%20of%202022.pdf](https://www.warren.senate.gov/imo/media/doc/DAAML%20Act%20of%202022.pdf) + +[http://edition.cnn.com/2022/12/14/business/elizabeth-warren-bipartisan-crypto-crackdown/index.html](http://edition.cnn.com/2022/12/14/business/elizabeth-warren-bipartisan-crypto-crackdown/index.html) + +This just happened in the last hour or so, and more reactions are just coming in. Across the board in crypto, everyone is in opposition to this - the bill literally does nothing to prevent scams like the ones we witnessed from happening, but instead will push more people to underground/off shore jurisdictions where other scammers can take advantage of them. + +This post is being brigaded from the losers over on r/buttcoin LMAO +There was a girl who had 2k shares in IDEX. It went up to $3.96 one day but she was greedy and didn’t sell. The next day it went down to $2.70. She panicked and sold for over a thousand dollars less than if she had sold the day before. The stock then went back up to over $3 within seconds after she sold. She then took that money and bought FRSX at it’s fucking peak. FRSX started going down within seconds after she bought. She didn’t even bother to average down. Her brain stopped working so she just went all in at once. AT THE PEAK. The girl is now immortalized in all history as the most idiotic idiot there ever was. +For those of you guys not understanding why the market is going up so much these past 2 days, let me explain it to you like you're 5. Go reach into your toy box, past the crayolas you routinely eat, and find a rubber ball. Now bounce it down some stairs. See how it goes up sometimes, but ultimately disappears into the black abyss of your mom's unfinished basement? That's what will likely happen to your dead dad's inheritance that you're yoloing, it'll disappear. The end. +My wife and I are both 32 and have \~$360k saved between Roths and 401k/403bs. + +We live in NYC, and pay $3100 in rent. + +We have no debts. + +Childcare costs approx $700/week. + +Gross Family income = $200k (before any retirement contributions) + +We max out all of our retirement contributions (though this year we may not be able to max out the Roth due to unexpected childcare costs) + +We are in the middle of deciding whether or not we want to make the move to the suburbs, where we would be buying a home that would fall somewhere in the asking price of $650k. The alternative is to keep renting in NYC. + +I recognize that these are all great problems to have. + +Mortgage + taxes + Car payments would exceed our present rent or a projected rent for a 2 BR in the city. + +To do this comfortably, we would have to dial back our retirement contributions. + +So... the question! Go for the House and reduce retirement ? Or rent in the city, and keep investing in our retirement a few more years? +Hey guys, I’m looking for advice + +I got a new job about 4 months ago and I’m averaging ~$6,500/month Gross. After taxes it’s closer to 5k cause I live in Cali. I am currently living at home paying my parents $175/month for rent. I owe my Dad about $5k for my car (he paid cash, and I’m paying him back) I paid off all my credit cards last paycheck, but have already almost maxed them out again (~$2k) + +I want to get my own place and also build my credit up. (Cheap rent here is about $1.8-2.2k) I also want to start investing/start getting some side $$. I have never had this much money at my disposal, but I feel like I am using it poorly. I don’t tend to make major purchases but I am very generous with friends and family. I need some help and advice on what i should be doing to get ahead financially now instead of 5-10 years down the road. Any and all advice is welcome. Thank you in advance +Growing up, I watched my family struggle quite a bit financially, and I always made it a goal to ensure that we’re never placed under those circumstances again. + +Luckily, I was able to attend a top university that allowed me to graduate with zero debt and a computer science degree. + +I graduated college in May 2021 and moved to the Washington DC area to find a job as a software developer. My salary was approximately $60,000/year, I was actually paid hourly and didn’t receive any benefits, holiday pay, 401k matching, etc. + +A few income changes have happened recently and I’m unsure of how to take advantage of the situation: + +1. I found a new job that I start in two weeks that pays $101,000/year with a 4% bonus (unsure of stipulations to get the bonus) +2. I purchased a fixer-upper home in 2020 for $35,000 and have renovated the property and had it appraised at $122,000 with about $30,000 in expenses and a lot of man hours. I recently decided to put the property up for rental, where I found a tenant willing to pay $1200/month + utilities for the home. +3. My stock portfolio is worth about $24,500. I peaked at $38,000, but had a majority of my gains erased by meme stocks. + +I currently pay ~$1300 for a room in the DC area. I’d place my current cost of living to be about $3k/month. The new role is remote and I have considered moving home where my expenses would be very minimal (<$1k/month). I know I should open a 401k and Roth IRA, but I want to ensure I’m not missing something and genuinely would appreciate some advice. I’m very grateful to be in this position, and I don’t want to squander it. +Hello! My name is Jafeth and I am a college freshman who is working a part time and having a struggle regarding my car and what would be the most smart financial choice. My car is a 1999 Civic and it has a oil leak at the moment and the car mechanic told me it would cost around $500 to fix it and in a rare chance they need to disassemble the motor, it will cost me $1000 to repair it. The car is in decent condition with 152,000 miles. I got the car for free and have invested a few hundred for a new battery and some other small things. At the moment my parents recommended me to buy a new car that won't give me many problems with maybe 30,000 miles and pay a car payment. I'm trying to invest most of the money I make at my job, I feel like I have all the things I "want" and don't have many "needs" except gas and that's about it since I work for my parents to cover my bills and food. I'm not sure if I should get into a new car and pay a $180-$250 car payment every month or just fix my car and hope it runs for another 2 years. What would you recommend? I just want to invest the most money possible from my job and try to let that money start making me more money. Thank you for the help! +My parents gave me some mail a while back that had been sent to their house. I stuffed the mail into a drawer and kind of forgot about it. I recently went through it and found a letter from an employer I had right after high school about my retirement account. I logged onto the website to see what I had and discovered almost seven thousand dollars in the account. I don’t recall the stipulations on the retirement account from the job(I was 19 when I started there so I didn’t pay any attention to it). +My question: +I didn’t work there five years, just over four years. The account says I am vested and that vesting happens at five years employment. Is this a mistake on their part that I should take advantage of by rolling the money into another account? Or just leave the money alone and let it grow as if I never discovered it in the first place? +I'm looking to relocate from Denver to tulsa. I've never done anything like this and I'm clueless. Any help is appreciated. +Edit: Thank you all for the information! I just wanted to get a rough idea because this move is 6-12 months away. You guys confirmed that I was just about right with my own estimate. +I think getting a prenup is smart these days - keep everything separate. I worked hard to start a business and plan to start more. It would kill me to give him a portion of my company should we go our separate ways. + +Anyone here have a prenup? Or anyone wish they had a prenup? + +Would love thoughts from the community about getting a prenup as a smart financial decision. +Long story short (pm for more details if you can offer advice), I inherited a house outright, no mortgage. My car is paid off, although I have 50k in student loans. Home is worth 300-350k. +My spouse and I are sick of the working grind, and are planning on living out of our Prius and traveling the US. Budgeting our monthly needs projects a need for 1,000$ per month. +We are considering selling our house and furniture and, after paying off all debts, investing the remainder into stocks, etfs, and index funds aiming at 1k dividend income monthly. After all debts are paid we would likely have around 250k to invest. Does anyone have any suggestions or insights? We are in our early 30s and intend on traveling for the foreseeable future. If we ever decide to buy a house, we would have the principal invested to buy outright. +Any ideas? +I know it's important to set money aside for the future and put it in mutual funds and things like that, but it seems like if you have some money to play around with, the short term "day trading" stuff can actually pay off? My dad taught me to set it and forget it so we've held onto stocks for decades... I read a piece from Sam Sieden that said if you trade the open you can actually do really well as a short term investor (http://www.tradingacademy.com/lessons/article/trading-the-open-risk-or-opportunity). I like the idea of doing your research, taking a few hours in the morning to set everything up and then going about your day (like, head off to my real job). + +I'm guessing reddit would feel relatively opposed to this, but I was hoping to hear the pros and cons of trying this out for a few months. +I'm 31 years old, single, and a non-homeowner. I make a little bit over $50,000/yr before taxes. I have $10,000 I'm wanting to invest and I don't need easy access to it. I'm also probably looking to invest about $2,500 annually on top of the initial $10,000 lump. + +What are some options that you guys recommend? If I only make $50,000 a year, would it be worth it to talk to a financial planner or are they going to charge too much money for a small time investor like myself? +So, first off, I'm not sure if it's ok for me to ask this question here, but here goes. +So I recently began thinking about purchasing a mobile home, the issue is I haven't the slightest idea of the steps I need to make that possible. I have a credit score of about 780, I have a bit saved up for a down-payment but I don't know who to speak to really to get the ball rolling. I've been told by coworkers and such that mobile homes require like a specific type of lender or something, and I am also aware that some parks are only for 55 and over, I am currently 27. So basically that is all I have, can anyone give me some advice? + +Edit: thank you for all the input lol, I'll let you all know tho I do live in California and my salary is only like 30ish k so I don't know if I have alot of options +I’ve gotten a few medical bills this year and almost have them all paid off except a big one. I’d be easier to pay it off in a few weeks after getting a check or two from returning to work, but if I have to pay it off this year I can. + +Pretty much I’d like to use the tax deductions for this year since all the med bills total over 7.5% of my income; which I hope to use to cover a few losses in the stock market if possible. +So the short version of this what could be a made for tv movie is that in February I took custody of my niece's children because she is a meth addict. I left Arizona and flew to Iowa and picked up her kids at her request and flew them back to Arizona with me in less than 24 hours. We got a lawyer and retained guardianship. + +At this time I was successfully running a business and a non profit and my husband was working and we were child free. Both 42. + +Legal fees started to accumulate and the kids needed and still need a lot of support as they are not well adjusted and have PTSD among other issues. They're great girls. They need love. + +Money starts flying out the door faster than we can make it. Credit cards accumulate. Husband can't take the pressure and leaves. I have about 60k in equity so I've sold the house. I don't qualify for a new home and have rented temporarily. + +After I pay off the legal fees and credit cards I'll still owe on my car but be debt free and have about 10k. + +I make 102k last year as a dog trainer. This year because the kids are here I'm set to make about 50k. + +What do I do with the 10k? + +Any help is appreciated. +[Matt Furlong](https://i.imgur.com/fMnL5uh.png) is the chief executive officer of GameStop. He was appointed to this role in June 2021. + +Matt is a member of GameStop’s Board of Directors, a seat he has held since June 2021. + +Matt is a veteran e-commerce leader with significant experience implementing growth strategies across global geographies and product categories. Most recently, he was a Country Leader and oversaw Amazon’s Australia business during a period of substantial growth. He was previously a Technical Advisor to the head of Amazon’s North America Consumer business. Throughout his nearly nine years at Amazon, he also ran a variety of product categories and oversaw strong market share expansion. Matt began his career at Procter & Gamble, where he was an executive focused on brand, marketing, and sales strategies. +It's been over 3 months of learning, testing and coding since I first started this project, and I am really excited to share this latest update with you. + +**But first, just a bit of context on the project:** + +My inital idea was to create a crypto trading bot in Python, that constantly checks if a new listing is added on Binance, essentially by checking the total number of coins at any given time. I tried out different variations on this, end even increased the speed to buy within 0.1 seconds on a new coin being listed. + +The initial idea that I had, was to create a crypt trading bot in Python that looks at the Binance Announcement page, and places buy orders on new listings the moment they become available. The reason behind that is that a lot of new listings spike up a lot in the initial moments of the listing. + +I later realised that this spike originates outside of the Binance exchange, not at the time that Binance lists the coin, but rather, the moment they announce that they will list the coin. + +Here's an example of it: + +[CHESS](https://preview.redd.it/9ik2kayg8lz71.png?width=1920&format=png&auto=webp&s=f6b493dbbd78abd278d78f759fdd18d9e06303cf) + +https://preview.redd.it/crcghe2i8lz71.png?width=608&format=png&auto=webp&s=f247188850af13d5ae6373fa622e4ec9d1236077 + +Right so with the strategy all nailed down, it took about another month of testing and optimisation before the bot would do anything interesting. But here we are, 3 months later with a functional trading bot that seems to be making decent gains on new listings (though it can be improved). + +&#x200B; + +**The results (so far):** + +So bear in mind that this only includes the latest iteration of the bot, before this update the bot was not profitable. + +[10&#37; on MOVR listing](https://preview.redd.it/41zi3c3u8lz71.png?width=1312&format=png&auto=webp&s=a74750722a8d210eb124159cd1fb879fc329f39a) + +&#x200B; + +[25&#37; on ENS listing](https://preview.redd.it/t07pst819lz71.png?width=1578&format=png&auto=webp&s=0d5ec2f8188c2a5ef8bbeb4de21175df7bd26fa2) + +It's still super early to tell whether the bot will be consistently profitable, but it's looking rather promising so far. The tool comes with a test mode so you can test it out without throwing real money at it. + +I would also like to thank everyone who has contributed to the codebase on GitHub, these profits would have not been possible without your amazing contributions. + +&#x200B; + +**If you want to find out more about how it all works, and how the tool became profitable:** [https://youtu.be/4gul6AqAoEo](https://youtu.be/4gul6AqAoEo) + +I also made a guide, so you can use this if you want to install and run this bot yourself. It comes with a test mode, so you don't have to throw real money at it: + +[https://www.cryptomaton.org/2021/10/17/a-binance-and-gate-io-crypto-trading-bot-for-new-coin-announcements/](https://www.cryptomaton.org/2021/10/17/a-binance-and-gate-io-crypto-trading-bot-for-new-coin-announcements/) + +Edit: +Source code available here https://github.com/CyberPunkMetalHead/gateio-crypto-trading-bot-binance-announcements-new-coins +I mean this as, I spend almost every day after work and every weekend sitting at home reading or watching TV (don’t get me started on the cost of either…), and nothing ever really changes. + +Granted, there’s not a lot to do where I live, but it’s hard to even want to travel even an hour away to do something fun in the city because all I can think about is the gas that it’d cost (almost $3 now); the miles it’ll add to my car bringing me closer to needing new tires, an engine flush and an oil change; what bill/groceries could be paid with whatever I’m spending. + +I couldn’t even buy lunch for my younger brother-in-law while he’s spending the weekend with us because already I screwed up on my finances this paycheck and would be facing overdraft fees if my mom didn’t bail me out (again…). + +I just want to be able to do something fun and I feel terrible for not being able to. I know my husband feels the same but he’d never admit it to me so I wouldn’t feel guilty, but I know it’s there in the back of his mind. + +Being poor is boring. + +ETA: I do have stuff to do outside of work aside from sitting around with nothing to do - that’s not the point. When I have downtime is when I feel like this. +https://crypto.com/product-news/changes-to-crypto-earn + +I’ve been a huge advocate of CDC, but this change is going to make consider jumping ship. + +They’ve just announced that from April, you’ll only get the full advertised rates on up to $30k After that with the rate drop and a x0.5 reduction, the 12% I was enjoying on TGBP/USDC will be cut to 5% + +Can anyone recommend a rival or alternative for TGBP that’s available to UK users? + +The sneaky part was, they advertised the change like the rates were going up. “New tiered rates structure and higher rewards for select tokens” + +//edit 1: on further reading, there’s a chart within the link and it’s worse than I thought. All stable coin rates are dropping by 2%. Flexible earn is dropping from 8% to 4% so if you have 30k then anything else in flex is 2% + +//edit 2: I’ll add the recommendations below this post, my research into them and my finding later. + +In the meantime, thanks to /u/ashtonlaszlo who has put together a Google doc [comparison doc](https://docs.google.com/spreadsheets/d/1vpBQI2DFUk7zXS4TCs9ZOnatvWHiYf5jHjKgKpfJG5Y/htmlview) that shows the rates for ~200 different coins. And, that you can get 12.68% and 12.73% on USDT/USDC at Vauld and Hodlnaut, respectively. +I’ve tried to learn about "priced in" and its effect on stock prices. There’s obviously thousands of courses and online videos about this sort of thing. But it seems that almost none of these theories can be used sustainably over long periods of time, as external news events always triumph over palm reading. + +The conclusion I have come to is that "priced in" is no different than god of the gaps. It’s much better to look at the fundamentals of a business and it’s growth potential than to try to excuse the next price movement based on some assumption about what people must know or not. + +It's a self-fulfilling prophecy - if it goes up, then of course it did, news just came out. If it does the opposite, then of course it did, it's all priced in. It's CNBC and all "why did the stock market go up/down today?" articles with prepared answers for every possibility. + +The only question I have is: why do so many people try to use it and why are there so many fake YouTubers and scammers who try to sell you on this stuff? +Yeah like, u/prussia_dev made this cool faucet for me. https://www.moonfaucet.cc/. + +**UPDATE**: issues with claiming the faucet have been fixed and the faucet wallet has also been bound to an account u/MoonFaucetDotCC for easier tipping, I'll be using this account to post analytics and faucet related updates weekly. [Scuffed analytics post made by myself, if anyone's good at charts and wants to help out with the planned weekly or biweekly analytics posts that'd be *amazing*](https://www.reddit.com/r/CryptoCurrency/comments/pvcfm2/moonfaucetcc_faucet_balance_usage_analytics_on/?utm_medium=android_app&utm_source=share) + +A faucet is usually a website that gives out small amounts of crypto to newbies to get them into it but can be used by everyone. They either come as purely nonprofit running on donations or pay for themselves with advertisments. + +Pays out between 0.01 and 0.09 moons per use (Set to change) More Moons in the faucet = Bigger payout + +At some point may accept Moons for ad space on there or something. Understandable have a mediocre day. Donate to the faucet wallet if your cool so I dont go broke. + +If I find any of you abusing it I'll come over there and break your kneecaps (VPNs and Proxies). + +How do I get my vault address? + +Go onto Reddit on your phone and open your vault. Under your name you'll see your vault address that you can then tap/hold to copy to clipboard. + +https://imgur.com/gallery/NgAKKi4 + +https://imgur.com/a/pAUGCOJ + +Then go to the faucet and paste that into where it asks for your wallet and then do the captcha, tick the little box saying your not an robot and enjoy the free moons. + +Cooldown on faucet claims is 24 hours. + +**Credits**. + +u/Prussia_dev for forking the faucet from his Nano faucet and putting up with me. + +u/OfficialNewMoonville for not writing this post because 'Do it yourself'. + +u/Hotdogbitchface and u/Cryptardo for existing + +And everyone else who was supportive of the project and gave positive feedback. + +**Edit** u/Cintre, fellow frenchie and Reddit detective (I do not have a gun to my head right now) + +Go checkout Prussia's other faucets [Nano faucet](https://faucet.prussia.dev/nano). + +Also thanks u/IHaventEvenGotADog for chucking 100 moons into the faucet. + +Thanks to the NOA for sponsoring this faucet with mustache rides. + +**Edits:** You can see transaction history and balance [here](https://testnet.redditspace.com/address/0xAb7211621fc1c0594AC5825Cc27aed5034ffBDEb/token-transfers). + +The GitHub link is [here.](https://github.com/moonfaucet/Moon-Faucet). + +**I'm seeing a fair few comments about people being unable to claim, I've brought it up with the Dev and we'll look into it**. + +(This has been fixed). + +**Apparent new issue with claiming after we switched over to the new frontend, looking for a fix as we speak**. + +(This has been fixed.) +South Carolina, USA. 19, M. + +Hello all; This morning my mom was in a severe car accident, I didnt find out until my sister called and let me know while I was at work. I’m unable to visit her due to COVID restrictions. My dad isn’t really in the picture financially to help us. He’s a bum + +All I know is the accident was bad enough to get her sent to the Trauma unit. When I found out what hospital she was at and room etc. I called to get some info from the nurse. Apparently she has a compression fracture and a sternum fracture. Possible back surgery later today. + +She was admitted early this morning around 5:30AM, she was driving a 2017 Jetta so I know the accident had to be very bad to cause those injuries considering modern safety features. According to the nurse she is stable and on an IV and all that at the moment. + +Anyways. I don’t know where the car is but cant find out from highway patrol until i know where the accident happened and can get a police report. And I cant get that info from my mom because while I was able to get her on the phone, she is in SEVERE pain and they have her on tons of pain meds so she’s hardly lucid ATM. + +I know she had full coverage and GAP insurance, but idk what her coverage amounts are or what we are paying out of pocket. She is a self employed nanny so all we have is Medicaid. Idk how we are going to pay bills. + +I live at home with her and my sisters, I make 23k a year after taxes, my two expenses are car insurance ($150/mo) and my phone bill (27.50). I have a small emergency savings with about $4K in it, and about $500 in my checking account. I have a secured credit card with a $200 limit. I also have the paypal credit card with 1k limit and 6mo zero financing but I’d rather not put anything on that card. My sisters are 17, 14 and 11yo. + +Idk where to start as far as getting everything in order financially and insurance wise. I also need to find the car asap so it doesnt collect fees + +Any help or advice is much appreciated!! + +ETA: My mom didnt hit anyone AFAIK. As of right now, there is nobody to sue for injury. Idk if she hit anyone or caused property damage or anything until I get the police report - and I can’t even contact HP until Monday because apparently M-F are the only days my tax dollars are good for + +Edit 2: Idk if my mom fell asleep or got ran off the road or if an animal ran across the road or if fucking bigfoot pushed her car off the road. She is not lucid so when I ask her she just groans and says random stuff. I am going to contact her insurance if at all possible today but apparently everybody related to emergency services takes a nice long weekend vacation when you need their help +Hey r/StockMarket, + +I’m a 17 year old kid working a part time job to make some money for later in life expenses. I took an economics course in school, which inspired me to save as much money as I can and turn it into passive income. + +Over the course of my job, I’ve put about $1000 into CDs at my bank, which gives me a ~2.70% (ish) interest rate. I was advised to look into ETFs for investment, particularly IVV. + +From what I was told, and additional personal research, I found that IVV is not a risky investment and gives a dividend yield of 1.83%. + +In the interest of passive income, is there any benefit to buying shares of IVV rather than just investing it into another CD? +I read news (Bloomberg, CNBC, MS, Stockview, SA) mainly on my tablet and laptop but would like to start taking advantage of my phone more. I’m looking for apps that (in a perfect world) are just push notification monsters. For example, I LOVE Robinhood’s notification system, it’s simple and throughout the day will tell you if any stock you’re following is taking a dive. No bullshit, no “hear from this top analyst”, and no articles trying to sell you shit. I don’t want to receive 3 sentence clogged notifications, just simple “X stock is down 11.7% after hours”. + +I’m ranting now, but I think I’ve got my point across. Anyone have any apps they use purely for stock market push notifications? + +BONUS - any good stock market apps for the Apple Watch? :) +Green, Red, or Flat? Here's some stuff happening tomorrow that will determine where we are headed to finish out the week. + +1. In coronavirus news, we hit 5,000+ deaths and 200k+ cases this evening. Also this is the first time we have had >1,000 deaths in a day. [https://www.worldometers.info/coronavirus/country/us/](https://www.worldometers.info/coronavirus/country/us/) +2. Most if not all of the analysts saying we were at bottom a few days ago have crawled back into their holes or retracted their statements. JP Morgan 2 days ago: [https://www.bloomberg.com/news/articles/2020-03-30/jpmorgan-says-the-market-rout-is-probably-past-its-worst-now](https://www.bloomberg.com/news/articles/2020-03-30/jpmorgan-says-the-market-rout-is-probably-past-its-worst-now) vs JP Morgan yesterday: [https://www.bloomberg.com/news/articles/2020-03-31/jpmorgan-am-says-it-s-too-early-to-buy-stocks-amid-virus-risks](https://www.bloomberg.com/news/articles/2020-03-31/jpmorgan-am-says-it-s-too-early-to-buy-stocks-amid-virus-risks) +3. Auto sales numbers are out tomorrow. Bloodbath, maybe to no one's surprise but when you see it on paper, it's still...shocking. 35-50% drop in sales in March for all the big guys. Maybe all priced in, maybe not. March will likely be the worst month on record for the past 20+ years until, you know, April. Investors have to be wondering if even a million cars will move this month. Last year was 17 million and analysts have already downgraded estimates to 13.5 million despite good numbers in Jan and Feb. [https://www.nytimes.com/2020/04/01/business/economy/auto-sales-coronavirus.html](https://www.nytimes.com/2020/04/01/business/economy/auto-sales-coronavirus.html) [https://www.goodcarbadcar.net/usa-auto-industry-total-sales-figures/](https://www.goodcarbadcar.net/usa-auto-industry-total-sales-figures/) +4. Last week's unemployment numbers come out tomorrow at 8:30 AM. From this article, it sounds like 4-5 million are expected, so any amount in either direction could swing things. It's hard to imagine it could be less than the 3.5 million reported last week, but we shall see. [https://www.cnbc.com/2020/04/01/jobless-claims-will-be-huge-but-millions-more-are-expected.html](https://www.cnbc.com/2020/04/01/jobless-claims-will-be-huge-but-millions-more-are-expected.html) +5. This last one isn't a statistic, just an opinion, but it *seems* like most of the good news is priced in with the big stimulus package already passed and "QE Infinity and Beyond" not having the same ring. I also expect people to take May 1 as the reopening of the country with a bigger grain of salt this time around given the target keeps moving. Perhaps Washington can rustle up some good news (early talks on an infrastructure bill, for example), but they would need to haul ass to keep the markets green to end the week IMO. Appreciate any and all opinions (bring your facts to back it up!). Disclaimer: I don't have puts and I'm already 60% invested, 40% cash. +When Apple rolls out iOS14 (likely in September), any app/developer who wants access to the Identifier for Advertisers (IDFA) for an Apple device will need to get user consent again. (IDFA is currently used by advertisers to track users across apps/websites). + +That consent is stored and only reset if user uninstall/reinstall the app, so the app can't just keep prompting for user for consent over and over. Also, AAPL will control the language/presentation of the consent prompt, although developers should still have some options around how to minimize opt-outs (e.g. degrading app experience until user accepts tracking). + +According to a research report by D. A. Davidson, this change is not completely unexpected. A poll by Ad Profs (an independent ad tech consultancy) in Sep 2019 suggests \~80% of those surveyed had expected some major change to IDFA within a year. They estimate 1/2 of iOS users will upgrade to iOS14 within a few weeks of rollout, and above 90% of users will have upgraded by Q1 of 2021. + +Ad Profs also estimate the iOS14 upgrade will result in \~50% cut to app ad monetization. They believe AAPL is secretly pushing App developers to encourage users who opt-out to pay for the app via in-app purchases because AAPL gets a 30% cut from those payments. +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! 🚀🚀🚀 +Hi all, + +I’ve been battling with fixing my credit for a while now. I got in some trouble when I was a little younger and everything I was paying I had stopped and it all slipped into collections. + +I have 6 accounts in collections totaling $9,000. I have no other credit cards or loans and my credit score is a 557. Fortunately, all of the debt was assigned to the same collection agency. Most of this debt is now 3-4 years old. + +Should I contact the collection agency on my own or should I hire a credit counselor? I’m not sure the best way to approach this mess I made. + +I need to find a place to live soon. I have $6,000 in my savings but my credit history is holding me back. + +Any advice or input is greatly appreciated. +I was looking at the Book FAQ, and was curious to hear what people would recommend as the most practical book ,or must read book for someone not already interested in finance like us. +My case is a bit different from regular posts. So due to medical reasons, I am highly unlikely to live past 50 years old. Lets work with that assumption and not assume what if I do. + +So, here I am, currently 28 years old, salary around 115k. I have about 43k in cash, 110k in stocks, mainly ETFs such as VTS. Other than that, I have no debt to speak of, I have one credit card that I pay off before any interest kicks in. My living expenses are low, frequenter of r/frugal, I mostly cook at home, rarely drink, dont smoke and have cheap hobbies such as hiking and camping. For the last two years I have a company house, car and petrol is covered by the company as well, although I might have to look into getting my own car soon and start having to pay registration, insurance and petrol. + +I am unmarried with no children and do not intend to change that. + +In my current role and industry, I expect to top out at about 180k per year within the next few years. So all that being said, what would be my best options up to about 50 years old? I suppose I cant count on super as I cant withdraw it before I am 50, is that right? Ideally I would like to retire by 40 and spend the next decade pursuing my hobbies instead. My current strategy is to invest in ETFs, then switch to a mixture of ETFs and bonds in the next decade or so. I am on the fence about property as I am usually away at work for weeks at a time and uncontactable or I simply work too long hours to respond (engineer in offshore oil and gas), so even if I were to rent it out it would be problematic. + +What would you do if you were in my situation? +First time landlord here. My tenant is offering to stay 3 years and have offered a $10 rent rise into the contract every year without me asking. Initially I thought it was a great idea as I value stability and consistently over small amounts of money I can make. +However I’m realising 3 years is an awfully long time to commit to someone I’ve never dealt with before. I haven’t even had a mortgage for this long! + +Could things go terribly wrong with longer leases such as being harder to evict a bad tenant etc? Is there a reason I’ve almost always only been offered one year leases myself? + +Also, how long do you prefer lease to your tenants? + +Thanks everyone! + +❗️🏡 🏡 🏡 🏡 🏡 🏡❗️ + +EDIT: Thank you so much everyone! I didn’t expect to get so many different opinions on this topic but it has been very educational so far. The opinions are VERY different depending on whether you’re a tenant/landlord, obviously, but also what stage of investing you’re at. + +I will summarise the trend of what has been said so far: + +Landlords perspective +- Most landlords prefer 1 year leases, at least to start off with. Quite a few prefer to just keep renewing 1 year leases to review the circumstance each year +- Some landlords don’t mind long term leases or even prefer it. Especially if they’ve had prior history with the tenant and have locked in a fixed rate for their home loan +- A tenant who becomes extremely difficult despite having good references and prior rental history is very much a possibility. Don’t count on just this information over your own experience. +- Rent prices are likely to keep going up +- Your home will become less affordable due to interest rate rises. +- A tenant in your property while selling is not appealing to prospective buyers. + +Tenants perspective +- From the tenants perspective, leasing longer is beneficial because the prediction is that the market will go up with rising interest rates and migration. +- It’s possible for you to break a fixed term lease while the landlord cannot, so again you have more advantage to have a longer lease + +Opinion: +I think some of the advice shared here is very pro-tenant but I just want to point out I AM A TENANT living in a crappy suburb paying less rent while a richer tenant lives in my IP. It’s called rentvesting and it’s so one day I can buy a house. Not all landlords are rich and money-hungry bastards with no shred humanity and can afford to do charity otherwise. + +In fact, I bought when the interest rates were the lowest (it’s around 2%) and when it expires at the end of this year I’ll be paying $400-600 more PER WEEK to my mortgage over the next year which is way more than than the $10-50/week I might raise the rents by. This is the reality new landlords are living. Do people realise that if owners keep defaulting on their loans = less supply = HIGHER RENTS? + +Yes tenants are doing hard, but I’m left with little to no savings after paying my home loan and have given up luxuries. As a tenant you can always choose to move further out (like I have) whereas I’m stuck with this loan. Selling sounds easy but I’ll probably find that I’m in negative equity and plan to ride it out for the next few years. Investing is no short term game. +We can all agree that most technicals are out the window. Track your MA's and MACD all you want, but unless you're day trading that ain't doing shit to tell this story right now. Today I've seen a whole new wave of people dropping pure misinformation and demonstrating an overall lack of understanding in the most basic of trading knowledge (people excited that calls expired ITM on a Monday... I'm looking at you). Instead of shunning these people away or. making them feel dumb, I wanted to take an abstract look at how this general idea could actually be a positive indicator. + +I don't know shit about finance or anything along those lines, but I like looking at numbers. If you like numbers, this is for you. If you're looking for advice... I have none to offer at all. + +So anyway... most people are in general agreement that the spike last week has covered by MM delta hedging. The price movement started right when the price hit $55: + +https://preview.redd.it/pnhp2zkjeik61.png?width=835&format=png&auto=webp&s=b1308265360d3f9fea21087dd6c04df4e4f12fe7 + +Looking at the options chain last week (keep in mind, these numbers were taken right before close and will exclude any contracts exercised prior), there were a total of 18,610 contracts ITM at $55, or 1,861,000 shares. The volume in the proceeding 5 minutes jumped to over 4,000,000 shares. + +The movement that lead up to closing saw the price touch $90. Looking at the open interest of contracts with strikes of $56 to $90, we have an additional 22,148 contract ITM (2,214,800 shares). The next candle following this trigger jumped to a volume of 18,000,000. Looking at the chart, this pattern continues with a larger-than-normal spike following each new milestone/strike price (until Friday, that is). Although a good portion of the volume was renewed hype and FOMO (with some institutional assistance al a Bruce's thesis), this is a steady pattern that indicates hedging of some degree on Wednesday and Thursday. + +Now the fun part you smooth brains have been waiting for. Today, we saw similar action at $120 - once it held on the candle for a moment, there was an immediate spike to >2m in volume. At $120, there are 29,960 contracts ITM (2.9m shares). + +Looking at the data from last week and this week, we see that those spikes correlate directly to the number of ITM contracts, using 2/24 as an example: + +https://preview.redd.it/47fops6seik61.png?width=670&format=png&auto=webp&s=99e443a21e5f186dc6b2bc30e63d98b6e83ccd04 + +I'll admit, this is very speculative. Although it is data driven, the sample size is too small and my patience is too thin. But using these jumps as a point of reference... we may know where to expect algo driven volume... + +To recap real quick, with today's close at $120 there are 29,960 weekly contracts ITM. You'll notice these spikes correlated with 3000+ jumps in ITM open interest, meaning we'd see a spike if we cross $125 heading to $130... **OH. WAIT. THAT IS EXACTLY WHAT HAPPENED TODAY.** + +Crossing this strike price directly corresponds with the jump in volume from 680k to 2.8m (again) + +&#x200B; + +https://preview.redd.it/cspssj72fik61.png?width=613&format=png&auto=webp&s=8d1be76bb8607d752917c8ae8ec9129ce11cd461 + +https://preview.redd.it/b5t30f9yeik61.png?width=534&format=png&auto=webp&s=fd3ddd5af45d46eb565b32f6f0f8bfa20a67214e + +**This means the next algo-driven hedging will happen on a small scale from $135-$145** (where there are an addition \~2000 contracts)... however, **THIS WILL PUSH IT TO $150**. At $150, there are another 4,000 contracts that would be ITM. Using the very smooth brained math from our table above, this would give us a 150-200% boost in volume as the $150's are hedged. Keep in mind, we'll already be at higher volume from the $140 run, so that moment will be something to behold. + +**TL;DR** MY THEORY: Organically reaching new ITM strikes causes algo based hedging and an immediate spike in volume proportionate to the number of new ITM calls. Also, the domino theory is correct - based on hedging volume surrounding additional ITM options, breaking $140 should propel it to $150 which will be like dropping a match in a puddle of rocket fuel. + +This isn't actual DD. Just my ADHD medication making me sexually attracted to numbers, and it helps when people watch. + +Edit- spelling + +ETA - I think this reflects a change in strategy overall. While this could still overlap with what some call a gamma squeeze (t+2 covering of the previous week’s ITM calls), I think they are hedging up front more aggressively... giving us Delta Squeezes instead. + + +Greetings fatFIRE, + +For those of you who have multiple residences in different countries and continents, how do you maintain the homes and other "assets" that need maintenance like cars, bathrooms, clothing, and such when you're sometimes away for a few weeks or months at a time? I have tried this before and I would come back to some maintenance issues/nightmares like cars not starting because of battery issues, flat tire, needing an oil change, forgetting clothes at the other place, forgot about food in the fridge, and general degradation, missing doctor appointments, driver license expirations, etc. What other problems have you run into when you're not at a location for a while or switch living cities for a few months like summer/winter homes? and what have you done to mitigate some of the issues? +OP: https://www.reddit.com/r/fatFIRE/comments/9i48uj/ms_alternative_investments_group_presentation/ + +I ended up attending a session put on by MS. It was a fairly intimate event and there were a few other complementary companies there as well. They gave us a small packet of information containing the slides they presented as well as some promotional flyers. No specific investments were discussed as we were not pre-screened for our financial suitability (other than living in the neighborhoods targeted by their letter). + +I'm in technology as a dayjob and so I am naturally wary of business or financial types. I found the representatives to be knowledgeable and earnest; I did not feel like I was sitting in on a timeshare presentation. I even learned about a handful of new things, such as [Exchange funds](https://www.investopedia.com/terms/e/exchange-fund.asp), which strike me as like a 1031 but for stocks. + +Ultimately, I did reach out to the MS rep to discuss my goals and what I might qualify for. I made it clear that I was only interested in investment classes that I couldn't get through, say, Vanguard. I did get disclosure documents for one investment, but ultimately I was not able to invest because MS had stricter net worth standards than the fund itself that I did not qualify for on any level. You might ask why the adviser bothered to disclose it to me, well there was a miscommunication on my end. It was a bit frustrating having an income several times the stated minimum but not being able to invest because the minimum investment wasn't <X% of my non-home net worth. + +I'm not going to attempt to wade into whether the investment I was presented with was truly worth it, other than to note that the fees were *much* higher if you were only investing a 5- or 6-figure sum. Fees on the way in, fees on the way out, and performance fees were foreign to me, having only invested with Vanguard before. + +Overall, it was a positive experience, and I might reach out to them again in a few years once I have >$1M liquid. +What do you guys use your private bank for? At what point did it become worth it - cash in hand, net worth etc.? + +Other than better customer service, what benefits does a private bank offer as compared to a regular bank or a credit union? + This needs to be said here. Bashing people for not understanding or adopting BTC like you might doesn’t help to turn them in your corner. + +More BTC people need to think about this as getting people “over to your team” and realize people will have vastly different reasons than yours on why they adopt BTC. And that’s a good thing. It only strengthens BTC. + +So cheers to getting more people orange pilled for whatever damn reason they choose and just wish them luck on their journey! +It literally takes just a few hours of green candles for everyone to go ape shit about how the bull run is resuming and start saying "I told you so." + +We don't have any idea whether the green will continue, or if this is just another false flag. + +June 12 to June 15 we went from 1.4T to 1.7T and things were looking pretty sweet. That was promptly followed by a bloodbath retrace to 1.1T this morning. + +Keep your head on straight and stick to your plan. +Hey everyone, this message is aimed to the daily news anchorman u/rensole . + +In today news Rensole posted an opinion that a lot of people were against, i will not discuss that opinion because it’s not the point of this post. + +If u/rensole is reading this please listen to my tough, isn’t separating the community and making the top contributors reputation go down what the real SHILLS really want? + +Maybe they saw an opportunity to fuel hate forwards your way and trying to get you to quit and at the same time making people discredit you for all the work you’ve done. + +Think about the UNION the KEEPING TOGHETER (the community not a group of investors) and all the work you’ve been trough in this FIGHT, not only in r/superstonk but also in r/gme ... + + +PLEASE RECONSIDER AND DON’T LEAVE THE BOAT! + +Maybe you can reduce the posting, and instead of being a daily thing you post 3/4 times a week instead.. + +Just saying a lot of people look forward to your daily’s post and the shills would love to see that go! + +Saying all that, have an amazing day everyone 🦍🚀 +I'm pretty long-term bullish on a stock that's trading at about $300 per share. I don't know where it'll move. It has strong earnings to its name, but fell short of EPS targets over the past 2 Quarters. The call would be dated for 2 years from now, and they've increased 30% YOY. Would it be a good idea to buy a close to the money/itm call on the stock, and essentially hold 100 shares up until a certain date, then roll forward if still bullish, or should I buy shares? The stock carries a 2% dividend, but I think I think I would get more benefit from a far dated call, but (obviously) less stability. Thoughts? +Literally zero profit. One time I've made 20x from my initial margin in a week or so, and then I thought that I'm a god of trading and blew it all in a matter of minutes. Also blew every deposit. I've tried every strategy, but every time it turns out inconsistent and not profitable. I've tried leveraging then not leveraging at all, it doesn't matter, it always goes in the opposite direction. And since then, I mostly have loosing trades. I even didn't make any profit when bitcoin dumped in march, and all you have to do is to buy the dip for 2 months, literally the easiest setup, the easiest opportunity, and I failed even at that. I've read a lot of your stories where you got consistent results 2-3 months in, and I feel like I'm just cursed and dumber than all of you. I feel very stupid. + +thanks. +I've been day/swing trading in 2017 with $140K portfolio. During the year I've been up to $180K, down to $130K, and now at the end of 2017 I am back to where I started. + +I started to form an opinion that daytrading is just a small step above gambling. I think I can make "smarter" decisions trading in stock market than gambling at a casino. I subscribed to screeners and mailing lists. I bought equipment. I study charts. I sat in chat rooms. After 1 year I have nothing to show for it. I am sure people will tell me that I am just a poor investor, but after asking around I still have to find individuals who make comfortable living daytrading. + +For those who are considering daytrading please remember that it is a full time job. I have a 9-5 from home employment with megacorp, but even the extra freedom granted by working from home is not sufficient to properly monitor all current and potential investments. + +I kept track of all my investments by strategy that I used. My most profitable investment strategies were + +1. "RSI Reversal" - stock reaches overbought or oversold levels, and I trade the opposite direction expecting reversal. +2. "1PM Resume" - my own strategy, where I see the stocks that make the most gains with volume prior to lunch, and then buy around 12:45 expecting the trend to resume. +3. "Whole Number" - if stock breaks a whole number like $10.00, then I would trade expecting the trend to continue. + +For each of these it's also important to monitor market sentiment. I would not trade long if market is bearish, even if a specific trade satisfies my conditions. + +So what should be my plan for 2018? Play existing winning strategies? Buy ETFs and leave them for a year? What would be your advice. + + +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. + +Here's a follow-up to my post from Monday. + +[original post](https://www.reddit.com/r/financialindependence/comments/8g0mtn/quitting_on_friday/) + +I was planning on having this conversation with my boss on Friday but I had to move it up to today! The reason is that we were going to have a meeting this morning to discuss the re-org (yes...we love re-orgs) of our department. This is the second re-org in less than six months, and the first one did not go smoothly for many reasons, but mainly because they shuffled people around without addressing the underlying process issues. + +I knew we would likely discuss the my role and that of my team in the new organization. I felt like I had to let him know that I was leaving so he could factor that into the re-org plans. I'd feel guilty if he started assigning new people to me only to have me tell him tomorrow that I'm quitting. + +As soon as our call started (it was just the two of us) I immediately told him that I was leaving at the end of this month. He was totally shocked. I hadn't given indications before that I was going to do this and even though we've had significant turnover in my area I think he thought I was "safe" from leaving because I've been with the company for 20 years. + +I told him how I was ready for a change in my career - and it wasn't just having a new title, higher salary or different job responsibilities. I explained how I almost quit last year after an especially stressful project completed but I didn't want to let my career end on a note of burnout. + +In the end he was very understanding and supportive. He went through a similar situation earlier in his career where he said he took several months off between jobs and he really enjoyed the break. + +I didn't go into details around my FI achievement but I did say that I had plenty of financial cushion to support me if I try new things like dabbling in some freelancing or consulting work. I also was clear that there was not any one particular incident or complaint that caused me to come to my decision. I firmly stated my case and didn't leave room to open my decision up for debate. + +He did, however, make an offer of "in-house consulting" that might have interested me if I wasn't FI. Basically it would involve me eliminating all my managerial responsibilities but remaining his direct report so I could consult on whatever projects/needs he wanted me for. For many reasons I didn't think this is something I wanted, mostly because I would still be dealing with the same people, projects, commute, etc. that I have today. And it sounded like the kind of role that could easily go away if/when he moves to another job. In the end I felt like accepting it would just put me into a "one more year" trap which might be harder to get out of next time. + +So....if you're still reading this far - in the end it went better than I expected. I was nervous all week about the conversation but once I get the actual words out I found that I was surprisingly calm. By the end I felt like a real weight was lifted off my shoulders. NOW I can really begin looking forward to my last day in around 4 more weeks! + +I'm happy to answer any questions you may have or elaborate further. Hope all our YOUR quitting announcements go as smoothly! + +(insert joke about being fat in the kitchen) + +I'm curious what fatFIRE has allowed you to do to your kitchen setups. Top of the line applicances and gadgets and not much else? Separate prep kitchen to contain the mess? Features from industrial kitchens like specialty appliances, walk-ins, etc? + +What things are available to only fatFIRE and not chubbyFIRE? What's the cream of the crop? +Considering purchasing a boat vs. a service like this and wondering if others have input either way. Interested in the overall experience others have had, how much they cost (not clear from their website) and whether others felt like the value is there for what you pay. We're probably looking at boating 25-35 days per year, for reference. +If you were to create an investment account for your future grandchildren today, what companies would you put in the portfolio, that you’re confident in that these companies are going to be around for along time? +It was at least a year ago when I gave her $50 worth. I forgot I gave it to her, and when I remembered I asked her if she still had it, or if she had lost her phone or whatever. + +She said she has spent some (we have a chicken coop collective and we use bitcoin for payments between us for coop repair parts, feed and supplies) + +She told me out of the $50 i gave her, she has paid her mates $42 and still has $520 left. + +I lold. + + +Hi all, + +As the title suggests my SO (25) and I (26) have been gifted £25k to use as a deposit on our first home. This will likely be the total deposit as we’re looking around the £250k mark so intend to put down the 10% with a 90% mortgage. Given we’re now ready to purchase a house I’m wondering how we could make the most of this money. + +I’ve been looking at LISAs, however I understand the annual cap is £4K per person per year, and we wouldn’t be able to make use of any bonus within the next 12 months (and we’d prefer to start paying off any mortgage as soon as possible rather than renting for the next 12 months whilst we wait for a £2k joint bonus!). + +Similarly for a Help to Buy ISA, which we’d only be able to contribute 8 months’ worth before the scheme closes in December, we’re not sure if our joint contributions (£1200 per person in first month + £200 per person May - December = £7000, of which £1400 bonus) would be as worthwhile as moving in in the next 6 months and paying off our mortgage as soon as possible. + +Apologies in advance if I’ve misunderstood any of the details of the above schemes - would be really interested to see what you think we could do in terms of making this £25k go as far as possible before we buy our first house together. + +Thanks! +I’m in a position to buy a car for cash, pay off completely. + +Is there any reason why it is not the best option to do that? + +Maybe: better discount if you take finance but can pay off quickly with no penalty. +Hi guys, long time lurker first time poster. + +Was going to use my ISA allowance for the forthcoming tax year to invest in vanguards FTSE global all cap index fund. + +To gain a little more exposure to the small cap and emerging markets segments I was considering investing instead in - + +Emerging markets stock index fund 12.5% + +Global small cap index fund - 12.5% + +FTSE all world UCITS ETF - 75% + +Planning to invest as one lump sum as a set and forget, is it worth the hassle splitting into 3 different investments to gain exposure to the slightly riskier areas or am I over complicating unnecessarily? + +Any advice welcome! +The SEC passed a rule effective tomorrow where activists can push for a board seat. They are now allowing a SHF to now buy a portion of a stock and then install their own board member to take out a company from within. Sound familiar? They're coming for us. We need to DRS faster + +Edit: +https://www.cnbc.com/video/2022/08/31/activist-investors-cheer-new-vote-splitting-sec-rule.html + +Downvoting hard eh? + +Edit2: So the reason why this is significant is because SHF no longer need majority vote to get someone installed. Take that however you want to interpret it but I see it as a bad thing. They can choose to bully 1 specific director/board member out and put in their own. MSM already has it out for Ryan, what if an activist decides to go head to head with Ryan? They can push for more "reporting" to Wall Street instead of Ryan's whole strategy of staying mum. This is something all GME investors should be aware of +As many of you know the golden cross is a MASSIVE bull signal, the last time it happened in may 2020 we saw BTC go from $8,000 to $64,800, 700% gain! +This bear cycle we've been in the past few months started with a death cross (oposite of golden cross) in june of 2021.  + + +[GOLDEN CROSS](http://imgur.com/a/Hmn7W3W + +The second half of this bull cycle has begun and we're about to see parabolic gains over the next few months. People are gonna keep doubting it until we breach the previous ATH, but I guarantee it's coming.  +Congrats to everybody who held through the dips, yet again it proves to be a winning strategy when it comes to crypto! +Hello Reddit, I'm HowItrytoFI and I'd like to share my story as it is so far, this may be a longish read, tl;dr at the bottom. I am not a high-wage tech earner, I'm just some dude in middle America trying to make it by and I'm proud of myself so far. + +From a very early age financial responsibility had inadvertently been instilled into me - mostly from my parent's fighting and then eventually divorcing over what seemed like money issues to me as a child. I always had a mindset of financial scarcity and I very quickly became miserly with any money I had. This has become something of an unhealthy obsession and it is something I'm still working on fixing with myself. I currently have never earned more than $16.50/hr full-time and I managed to purchase a house in a rapidly growing market and saved what I believe is a considerable amount for retirement for my age and income. + +====The Beginnings====My working career began when I was 16 at a local Taco Bell. While I was living with my parents I saved nearly every bit of my paychecks until when I was 17 and ready to move out for college I had about $5,000 saved in my checking account. I continued working this job, full-time college, and living with friends until my second year in which I had a small mental break; I quit my job and spent all of my money and then some on bills and living just to try to make it through the school year. During my third year of study I got a new job as a waiter at a small restaurant - the job wasn't stressful and I made good enough money to sustain my bills, but not much more but that was okay with me. My best friend and I started to explore topics of wealth and how to get ours but we were just wishful-thinkers at the time without a plan. It wasn't long after this point though that I had met with a good friend who was peddling insurance with northwestern mutual, I was 20 years old and he was honest and upfront about everything but even though I was being sold on cheap life insurance so that he can get a promotion - he gave me a lesson that was worth admission; he taught me about a lot of financial vehicles, investing, and retirement and gave me book recommendations. Meeting with my older friend unlocked a fire in me I did not previously realize and I owe a lot of respect to this guy, he changed my perspective immensely. + +====Starting Young Adulthood====During my fourth year at school I made perhaps my largest mistake and biggest regret so far, I quit school to enter a laboratory job I *thought* I wanted. I dropped out of school with four years of student loans strapped to my back and no degree ($15k+, would've been more if I didn't have FAFSA and some grants to help offset the costs) to enter a job where I would start making a measly $14/hr with many *"promises"* of promotions and wage increases. What's worse is I allowed this job to carrot-and-stick me for 5 years as I thought I was going to be a directing manager at a new location the business was opening up; that turned out to be a lie once the timeline got closer. Regardless of my job, it paid just enough that my ex-girlfriend and I were able to save some money here and there. When I was 22 I opened my first brokerage account with Robinhood and started losing money immediately, which was great honestly. It immediately taught me to not trust [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) with my hard-earned money, a fairly cheap lesson was learned. I read more into investing and redirected myself to buy VGT and VOO primarily and that set things straight. It was around this point that I did everything in my power to save every extra dollar I could and skimp on spending where possible even though it was uncomfortable for us. My ex and I got on the same page financially and we began to save EVERYTRHING and within two years we had accumulated just about $17k which we used as a down-payment on a live-in fixer-upper, which was DIFFICULT to say the least. + +====Moving out====So I'm 24 (and earning like $14.75/hr now) and my ex is 25 when we went under contract to buy our broken little rural home (1000sq ft on 40 acres). We were trying to use an FHA loan so the down payment could be more affordable but due to their strict living requirements and the home being sold as-is we had to take a leap of faith and repair many things prior to closing. We had to get a new roof, a few new windows, fix the skirting of the house, and get a few foundation fixes, totaling around $12k in repairs before even closing. This was immensely stressful for us as we weren't positive that we'd be guaranteed the loan and the property. Every step of home buying and ownership was very tough and expensive for us. Over time I made significant repairs to the house, essentially a full interior renovation and I built a shed and fixed up the animal structures. We stayed ever optimistic with the home though knowing that the housing market has been very strong and that our labor would be well-rewarded. We worked on and lived in the home for 4 years as it was a very affordable mortgage payment and the house was becoming more comfortable with renovations. + +Still 24, I opened a Roth IRA and promised myself I'd do everything I can to max out that account every single year, which started by me liquidating the rest of my Robinhood account and moving it to my IRA to accomplish that goal the first year. I am proud to say that I have been successful thus far in that goal and that has helped me feel a much needed sense of security knowing that future me will be happy of my past self's actions in this regard. I made a mental goal that maybe I could reach $100k in value by the time I reach 30 around this point in time, which I felt was an extremely lofty and unachievable goal, but a goal to strive towards nonetheless. + +====Where I am currently====Four years later and I'm now 28 years old (Earning $16/hr, I took a pay cut for better benefits with a different job). By this point my Roth IRA balance is almost $60k through contributions and growth. This is also the first time I have had access to a 401K and HSA, in my first 6 months at this new job I saved about $4k between those two new accounts and another $3k in my IRA. Overall I tend to save about 30-40% of my income and I live my life *extremely* frugally with my eyes set on financial independence. Since you can either earn more money or spend less, I chose spending less since I have a difficult time earning more money and that has had many negative mental health effects as I choose to forgo simple pleasures. + +You may have noticed I said my ex-gf and I-... Unfortunately we made some poor decisions that led to our relationship ending just over a year ago but it's important to my story as it changed my current life trajectory tremendously. Without going into a lot of detail of the relationship, we started dating another person. This worked great until, of course, it didn't. New girl in the relationship didn't like me but chose not to make that apparent until far too late which wound up breaking the relationship. My feelings are irrelevant but this dynamic really changed things up for me. When the relationship ended and the girls left I requested for my ex to sign a quit claim to absolve herself of home ownership with me. + +I eventually sold the home as it was too much work to commute and maintain so much property and animals just by myself. Selling the home net me about $160k in profit, add that to my other accounts and I'm sitting just about $200k which has led me to right where I am today. I purchased a small RV for me and my dogs and I'm about to take some time off from life to experience things I have postponed. I plan on buying a multi-unit home and renting out whatever possible while I gallivant in search of my new path. Even without my ex's portion of the home I would still be looking at over 120k of personal net-worth with her having her portion in an alternate-reality but things unfolded differently for me and her. + +In the years leading to where I am currently I feel like I've changed from an intense scarcity mindset to one of abundance and it's just a matter of grabbing the crumbs that fall from the table. I'm still quite miserly with my money and I have a hard time spending, it is something I am keenly aware of and try to overcome. One way I've attempted to make this better is by donating and gifting money. I've donated to a few charities that support things I agree with and by giving to a couple of people I know who were in particular need of help. It's still a difficult ask to get me to part ways with my money but my mental well-being and time on earth depend on me being a better person for myself and all those that I interact with. + +====Where I am going====I have no honest idea. For my next update you will hopefully read that I do indeed own multiple cash-flowing units and that I might have a new, higher paying job and that I'm another step closer to financial independence. In the meantime, however, I will allow life to serendipitously do what it wants with me while trying to not squander what I've worked so diligently to obtain. I'm taking this year to experience and reevaluate. I'm only a few days out from embarking on my RV road trip with no destination with my dogs and ready to see what the greater world has to offer to me. + +I wish everyone the best, while I know my path isn't necessarily replicable, that isn't the point. No one directly follows in the footsteps of others, everyone is on their own path and it's important that you know how to keep walking on your own. I love this community and you all help me make sense of how money affects us. I will continue to max my Roth IRA with my home proceeds for the next couple of years for my retirement account's sake but other than that I do not have much planned. + +tl;dr +\-16 y.o. earning $7.25/hr, no meaningful networth +\-19 y.o. earning near $20/hr (very part time), -$10k networth +\-22 y.o. earning $14/hr, -$15k networth +\-24 y.o. earning $14.75/hr, purchased a live-in fixer-upper ... Started IRA and maxing it out +\-24-28 y.o. earning around $15+/hr, networth finally positive with home equity appreciation, \~$50k networth +\-28 y.o. earning $16/hr, sold my fixed-up home and profited 160k, \~$200k networth (\~$55k in Retirement, rest is currently cash, I will try to buy rental units with that cash) +\-future me, hopefully earning more, hopefully a higher networth + +Thank you for coming to my Ted Talk. Go forth and be excellent. +Alright so we all know the subreddit is now being monitored by media, investors and hedge funds. They attempt to predict what our next play is. From what I understand alot of these people have been using software to track how many times we mention a specific stock, if we add extra stocks at the end of our posts clearly indicating thats not what we're investing in, all those people will see is that the ticker was mentioned. + +EDIT: At the time of this post I didnt realize another member of this subreddit had the same idea and posted it before me. u/merlinphoto apparently had the same idea a week ago. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Its been a journey these last 9 months or so, but the train has reached my station. I’ll leave my original posts up, they all say about the same thing, mostly because my message hasn’t changed. Hopefully a few have gained some wrinkles about the RRP facility, that was my goal from the outset. I’m sure there will be countless times going forward where the RRP facility is tied into something bigger/nefarious/corrupt. My stance won’t change, my past posts will still hold true. You’ll just have to decide which argument holds more factual weight and then choose. Just remember, what ever narrative is being used, it has to coordinate with Money Market Funds using 91%, GSEs using 7% and Banks using **zero** percent. + +This is the highest print of the RRP we have seen, 12/31/21. https://imgur.com/a/VFfAjYX + +Just look at the percentage uses and whatever future theory on the RRP has to dovetail with those percentages. (As well as being in triparty but if you are reading this, you likely already know). + +As for my latest thoughts on the facility. Well, I was pretty shocked when the Fed kept the award rate for the facility above Fed Funds. I don’t understand the logic of it at all, but it’s kept the RRP facility’s use way higher than I expected after the tightening. All I can hope is that they drop it back to where it’s supposed to be after the next tightening. It’s created a “haves and have nots” situation in the front end. Those MMFs who have access to the RRP are able to invest in overnight paper yielding .30%. Those who don’t have to look at paper like the 1 month bill which yields .15% (at the time of writing its 4/4/22). Not only is the yield double on the RRP but the WAM hit is 1/30th. (WAM is weighted average maturity. MMFs have to have their entire portfolio have a WAM under 60days. So higher yielding shorter paper is amazing for them). I don’t know why the Fed has done this, but they did and it’s not particularly fair to the rest of the MMF complex. + +So, if the Fed does move the rate to where it’s supposed to be after the next tightening, a couple things will occur. + +First, the GSEs will move their cash from the RRP to their Fed account. Why? Because the award rate will be set 10bps **below** Fed Funds so it’ll make more money there. + +Second, dealer repo will become more attractive to MMFs than the RRP facility. The dealer repo rate (it’s actually just called the repo rate) will range between 5-15bps higher than the award rate for the RRP. So we should see dealer balances increase and the Fed RRP decrease. + +Will it go to zero? Eventually it should but it won’t be immediately. It’ll take a few months for dealers to allocate the balance sheet back to MMFs but if the rate spread works, the sheet will move. Also, month ends and particularly quarter ends will still see RRP activity. This is when dealer balance sheets are measured so they reduce exposure to MMFs and in turn the MMFs use the RRP. + +That’s about it. If you have questions, just look at one of my other 3 posts, they’ll have more details. I’m not going to delete my account but I’m also not going to be opening Reddit and responding to stuff as I have in the past. I realize that I’m just stating the same thing over and over. Often to the same people who have it stuck in their mind that “dirty repo” is the sign of the apocalypse. I’ve come to realize that some people just can’t be helped. They’ll figure it out eventually. + +I wish you all the best of luck in all your financial adventures. +#SO I CAN QUADRUPLE DOWN ON PUTS + + +FUCK YOU 👴👴👴🐂🐂🐂 + +Sincerely, + +🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻 🌈 🐻 🌈 🐻🌈 🐻 +🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻🌈 🐻 🌈 🐻 🌈 🐻 🌈 🐻🌈 🐻 +GANG +Long story short, my brother owes HMRC around £65,000 that he doesn't currently have. I'm in a more fortunate position where I do have access to enough money to cover that debt and am happy to give him that money with the intent that he eventually pays it back with no interest if/when he's able* + +What's the best way to handle it? + +Can I gift him £65,000 without either of us having to pay any more tax on it? +I think the answer is yes, unless I die within 7 years in which case HMRC can claw back inheritance tax on that - but frankly I'll be dead so best of luck to all involved at that point. + +Am I better off paying the tax bill directly myself to HMRC in some way, so that the money doesn't go through him and thereby doesn't incur any tax, even the threat of inheiritance tax should I die? + +Or is there a better way? + + +*I feel like I should acknowledge here that while I'd like to have that money back at some point, I realize that it may never happen, so I have to come to terms with losing 65K for no personal gain - other than having a somewhat less stressed brother of course. But that feels like a problem for a different sub. +I tried unloading AMC at open today to go balls deep into GME (using TDAmeritrade’s ThinkOrSwim) and what do you know...they weren’t working for about 30 minutes. + +I left Robinhood because they always crashed....seeing this happen with TDA and all the other brokerages is highly suspicious as I’ve NEVER had an issue after the first minute or so after market open. + +They have no issue collecting fees on option trades, but when their shitty service breaks for 30 minutes they take zero responsibility. + +My position was fucked around $450 and they cut me a credit for almost half the amount at $200+. + +I reached out via the the Chat App within ThinkOrSwim and you better believe I took screenshots and videos when nothing was working for proof. + +All these brokerages are acting “suspicious” like we’re criminals because WE LIKE THE STOCK! I feel like they’re out to get us and they have to pay (literally) for screwing us over - give them a call or send them a message if you lost $ due to their outages! +https://iborrowdesk.com/report/CLOV + +Holy shit, it now costs 116% to short CLOV. For those that don’t know, CLOV is a healthcare company with limited shares available to trade because insiders can’t sell until the stock trades at $30 for a 90 day period. What’s interesting is that short sellers shorted the stock >40% and now they have to fight with retail for the remaining stock to cover their shorts. But here’s the problem, they haven’t covered their shorts yet, the stock is up 100% and as you can see from the borrow fee, some are probably close to a margin call. They are scared shitless because this thing can go parabolic. I’m talking $50-100 a share! + +So what are shorts doing today? They predictably tried to crash the stock in the morning by shorting (selling borrowed shares) and that coincided with day traders taking profit. A pretty predictable tactic that is designed to scare retail into selling. Don’t let them fool you. This stock still has plenty of gas left, with an option chain up to $43 now! + +LETS FUCKING GOOOOO + +Positions: $11 calls , $12 calls , $13 calls and $35 calls + +Edit: Fuck off with the 🤡🤡🤡 posts, it won’t save your favourite ticket and/or it won’t help you with your short position. + +After market update: + +Well today was wild. What we saw was a combination of short sellers fighting back, probably some profit taking and perhaps a gamma ramp down. But the facts of the stock still remain the same. The stock is: + +- Shorted by more than 40% +- More than 15% of the float is locked up with insiders WHO cannot sell +- Shorts are now even more underwater with crazy high borrow rates on their new shorted shares + +When people talk about the VW squeeze. There’s always a period before the spike where the stock dips. That dip was today. Now it remains on longs to keep pushing and we’re going to really benefit from a bigger option chain and another gamma ramp upwards. Here is a link to someone who did some analysis on another potential [gamma ramp.](https://www.reddit.com/r/CLOV/comments/nw9qd1/massive_gamma_squeeze_incoming/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +My husband has been put in the fortunate position of being pretty much financially independent by his parents. He dreads being asked "what do you do". I'm sure some of that is his guilt, but it's true that people can be funny if they feel 'oh it's alright for you...' and I don't really blame them, but it is awkward when you don't want everyone knowing your business. Do you make something up or say something vague about being in property?? We're British by the way, might make a bit of cultural difference! +I'm a freelance dev earning £80K-£100k, married with a young child and a significant mortgage on a house we bought a few years ago. Being freelance means my income fluctuates more than average, a situation a lot of you know first hand I'm sure. But I've been very lucky during the pandemic as it hasn't seemed to have had much of an effect on my work and I'm generally pretty happy with my finances. +Saying all of that, Covid has made me consider my mortality and the responsibilities I have. You'd think that would've been the case when my son was born, but I still thought I was an immortal superhero! I didn't even bother taking life insurance when we bought our home. +Which leads me to my question. I'm concerned that if something horrendous happens to me I won't be able to work for some time or at all. I have emergency funds, some savings and tiny investments, but not sure if it is enough. I earn considerably more than my OH. + + +I'm wondering whether I'd be better off with income protection or life insurance? Any opinions or people in a similar boat? +My parents have offered to guarantee mine and my partners home loan for an upcoming first home purchase. + +I'm wondering, from our side of the deal as the people carrying the loan, is there any downside to having them sign on as guarantors? + +Obviously it's a risk for my parents (not because we are planning to overextend ourselves, but just a risk in general putting themselves on the hook), but is there any negative impact on me and my partner? + +Thanks love youse +Not sure if this is the best place to post, but just thought I’d try put my gf and I at ease with the useless agent we have working for us trying to sell our PPOR, by hearing other horror stories. + +We are unfortunately locked into an exclusive agreement with him for another month and he is utterly useless. + +Poor communication +No reply to emails/texts +Constantly full of false claims +Poor marketing +We’re also worried the property is probably getting smashed with enquiries and requests for inspections etc that he isn’t actioning +You know what I'm waiting for the most? I'm waiting for the moment when we have around 80-90% of the float locked and everyone who hasn't DRS'd starts to realize that just maybe those shares they have in their broker really are fake. + +And to think, we might be less than a year away from that actually happening. This isn't bashing anyone who can't direct register, I am sympathetic to your frustrations. I'm just merely sitting on the toilet thinking about how grand it's going to be. + +To think we could be less than 2 years away from complete financial freedom. What's the other outcome? We work until we can't anymore and we are no better off than we are today? Nah, I think I'll stick with buying, holding and DRS. +It's been nearly a year since I made the original UK Personal Finance Flowchart: + +https://i.imgur.com/ezGWhE3.png + +Does anyone have any comments on improvements or changes needed? I'm not sure if the [November Budget](https://www.gov.uk/government/news/autumn-budget-2017-date-confirmed) will make any difference or not, probably not. + +I've tried to export it to a slightly higher quality PNG and I've bumped the version number to V1.0 given it's been in the wild for a year, but other than that I've not made any changes. Suggestions welcome. + +Or if you prefer, the source file for the [Draw.IO](https://draw.io) chart can be downloaded [here](https://drive.google.com/file/d/0B6yAINuW1oiUaFMxMjd5ZDVQZmM/view?usp=sharing) and you can mess with it yourself + + +Latest Version: +https://i.imgur.com/BfHzwr9.png + +[Changes:] + + * Thanks to /u/dijumx who has re-arrangeed the flow chart to be a lot more logical + + * Note added reminding people to claim additional tax relief if in 40%+ tax bracket. (People in higher brackets should know better!) + + * Changed order of arrows to clarify if Pension is full should move to ISA before taxable account + + * Changed "Does your company have a pension" to "ensure you are auto enrolled" + + * Added note about life insurance to cover budget if you have dependents + + * Added note that building a 6 month emergency fund before paying off debts is optional depending on circumstances (job security etc) + + +The MSM articles yesterday talked about why GME is going down. If you didn’t notice the entire market basically moved in unison. For these articles to be written specifically about GME “apes” and retail selling and moving on, well you know for sure that just isn’t true as I said the whole market mimicked itself. For the newer apes, this is what creates the zen. They are desperate for you to sell. 💎 🙌 🚀 +Just logged into the mobile app this morning and saw it at the bottom as a new offer. You can have it activated with the other cashback offer. + +Edit: more info here: https://www.chase.co.uk/gb/en/product/amazon/ +https://www.thetimes.co.uk/article/hallelujah-the-cheapest-ever-pension-is-born-lrb78w0mj + +Paywalled, article below: + +The world’s second-largest fund manager, Vanguard, is set to shake up retirement saving with the launch of Britain’s cheapest pension, The Sunday Times can reveal. The American funds giant, which is credited with having driven investment fees down more than any other company, will launch the pension next year. It will save young savers hundreds of pounds a year in charges, and tens of thousands for those with more put by for retirement. + +The self-invested personal pension (Sipp) is aimed at the 5m self-employed people in the UK and anyone who wants to consolidate several pension pots in one place. + +Vanguard was launched in Britain a decade ago with a series of low-cost tracker funds that replicate the performance of market indices. Then, in 2017, the firm introduced an Isa and an investment platform, allowing savers to invest directly with Vanguard for tax-free saving, instead of via investment platforms such as Hargreaves Lansdown, AJ Bell, Fidelity or Interactive Investor. + +The data assumes a zero rate of return and does not account for market movementSOURCE: VANGUARD + +Vanguard is credited with starting a price war that has forced other investment firms to push down their costs. The Sipp, which promises to let savers sign up in just 10 minutes, could shake up the market again by forcing another reduction in costs. + +Most platforms charge a fee to use their investment services — an average of about 0.35% of assets, according to the independent analyst Platforum. Investing directly with Vanguard, there is a 0.15% fee, capped at £375 a year. Also with Vanguard, there are no additional costs such as for exit fees, valuation statements and transfers. + +Platforum has done the maths. If you invested the maximum tax-free annual allowance of £40,000 in a pension, the Vanguard Sipp would impose £172 a year in charges, whereas investing in the same Vanguard fund would cost as much as £400 a year on the most expensive platform. Compounded over decades of pension saving, these fees can add up. + +Take a 43-year-old with a pension pot of about £40,000 invested for the next 25 years. Assuming a 4% annual return, investing directly with Vanguard in its Target Retirement Fund would leave the saver almost £10,000 better off than investing in the same Vanguard fund but on the highest-cost platform. + +Remember, too, that it is not just about saving on platform fees. Vanguard also has some of the lowest fund fees in the industry, at an average of 0.2%. The average fund fee with Hargreaves Lansdown, for example, is 0.94%. + +For £40,000 invested for 25 years, growing at 4% a year, those comparatively low platform and fund fees at Vanguard would leave the 43-year-old nearly £19,000 better off at retirement. + +Analysis of Vanguard’s Sipp shows it is cheapest for new savers and those with smaller pots. However, Interactive Investor, which charges a set annual fee of £100, works out cheaper for those with bigger pensions. + +“You could ditch the traditional retirement cruise and buy a small yacht,” said Jeremy Fawcett, head of Platforum. “Pension investing is a long-term activity and outcomes are significantly improved when fees are pegged back.” + +The main reason for Vanguard’s low average fund fee is that it predominantly sells passive funds, where the fund buys all the stocks in an index and tracks the returns from that index. It does not try to pick the best individual stocks, as an active fund manager does. + +Vanguard was the first company in the world to offer passive funds. It believes that fund managers generally underperform the stock market. + +Research by S&P Dow Indices, which conducts a twice-yearly study of funds’ performance, found that, in the year to the end of June, 81% of British equity fund managers failed to beat the S&P United Kingdom BMI index. Over the previous 12 months, just under half of UK funds outperformed the market. + +The reputation of active fund managers has been dented further by the Neil Woodford scandal this year. Vanguard was set up as a mutual in America to be owned by those who save with it, a bit like a co-operative. Woodford, on the other hand, was able to take millions of pounds in dividends out of his own firm, Woodford Investment Management. Vanguard argues that, because it doesn’t need to pay dividends, it can use that cash to lower fees. + +What you don’t get with Vanguard is the choice of thousands of funds available on platforms such as Hargreaves Lansdown. But Sean Hagerty, Vanguard’s head of Europe, countered: “What we are trying to do is reduce cost and complexity. There is ample evidence that too much choice is bewildering . . . [and] doesn’t necessarily improve outcomes and probably just makes it harder for investors to make a proper decision. + +“Our offer is to buy and hold the market, keep costs low, make a plan and stick to it. If you do that, you improve the odds you are going to have a successful retirement outcome.” + +Vanguard offers just 76 of its own funds, but they include some sophisticated (albeit mostly passively invested) products. The Vanguard LifeStrategy fund, for example, is invested globally and allows savers to tap into growth areas such as China and American tech firms. The Vanguard Target Retirement Fund also increases the allocation to less risky bonds as savers approach retirement. + +Hagerty added: “Our product won’t be for everybody. But for many investors, a very well-diversified, balanced, passively invested, low-fee portfolio is enough.” +I'm realizing a lot of things lately. Divorce will soon be official and I'll have my kids 50/50. + +My mental health is in the dumps and I don't have a penny to my name. I have stuff though, yay me 🙄 + +I don't care for my job but don't have many skills and no clue what I would do. + +I've made a reminder list of what my life is for. Right now all I have on the list is kids. I think that's okay with me. + +Now to restructure, rebuild and start over. + +I think I will sell off a lot of stuff. I have projects that I'm saving for when the kids are older. Like 10 years down the road. Thousands of dollars worth of stuff just sitting around. Wow, that's crazy to write out. + +I don't know how I am going to do life with what I make alone and after support, even with 50/50. + +Time to buckle down I suppose. I'll be around here more often. Thanks for listening! +Tether, often referred to as USDT are tokens minted by Tether Limited which is owned by the same people who own Bitfinex. It is designed to always have the value of 1 US dollar but cryptocurrency format. They supposedly achieve this by keeping 1 dollar in reserves for each Tether bought. Tether is not the only crypto that has its value pegged to 1 dollar, there are many, i.e., stablecoins. But Tether is by far the most popular. Nearly all crypto exchanges use USDT as a trading pair. What this means is, USDT is the main liquidity provider of the cryptocurrency market. + +Currently, there is **68,5 BILLION** Tether in circulation, it is the **5th largest cryptocurrency** by market cap. + +Now everything sounds great on paper, 1 dollar for every Tether and all of that. But in reality, Tether Limited is the single sketchiest company that has ever managed to get enormously big. Tether limited has 68,5 billion dollars under management and they have, wait for it, **19 employees.** + +This means that for every employee Tether has, they control **3,6 billion dollars.** + +If you don't understand what this means, let me put it this way: + +In case of Tether crashing, the whole crypto market would be devastated and put back multiple years, all the innovation that crypto aims to bring would be stained by the fiasco that is Tether. I'm certain that we would say goodbye to crypto going mainstream and becoming the main way of finance dreams for a loooong time. + +There are several huge red flags about how they manage the company and their reserves. + +Let me talk these red flags: + +They've refused multiple audits to their currency and reserves. Only info until now that us investors had about the situation of their reserves was a half-assed promise the co- founder made in an interview. + +In that same interview, he was asked if Bitfinex and Tether Limited had the same owners, he replied that they weren't related at all, they only worked with the same banks. Well guess what, **he lied.** The truth came out when the Paradise Papers were leaked, shining light to many corporations', elites' and celebrities' and also Tether's secrets. + +Bitfinex got mixed up in a scandal involving a firm called Crypto Capital, an also shady fiat banking firm that has worked with even shadier clients, including Colombian Drug lords. This firm was unsurprisingly involved in a sex-trafficking scandal and the investigation that followed caused all their clients' holdings to be frozen indefinitely. + +Suddenly Bitfinex had nearly 80 percent of their clients money frozen, rendering any withdravals or trades impossible. Now normally a normal exchange in this situation would declare bankruptcy right? No. What Bitfinex did is that they took 400 million dollars worth of Tether's reserves to provide liquidity to their clients. + +Remember when I said that no audits were done until now? + +The New York Attorney General launched an investigation on Tether Limited, and they reached a settlement. As a part of that settlement, Tether had to share their holdings completely. + +Here's the result: + +&#x200B; + +https://preview.redd.it/qiax6b18kjm71.png?width=1374&format=png&auto=webp&s=c89a2f4bc9494de19e9ad428104fa15b8b0ea94e + +Yup, they have **3.87% in cash.** + +There are a lot more sketchy stuff Tether is involved in, but I will not talk about them. This article is long enough. + +If you want to dive deeper about Tether, please watch the video made by Coffezilla on Youtube. + +What I want to finally say is, please don't hold fiat in Tether, hold it in **USDC** or even better, **DAI**. These are far better alternatives. People have already started campaings to move people to other stablecoins and I want to support that and raise awareness. + +Please do the responsible thing and don't hold USDT. + +**TL;DR** + +**Tether sketchy, Tether bad, sell Tether, buy USDC or DAI.** +From my research Ive found the salary range to be around $160k-$200k. Not looking to live in Manhattan but would need a commute 35mins or less. Those numbers seem really high, is NYC that expensive? + +Edit: Holy shit, finally having time to read all of this...thank you guys! +Hi, in a 23 year old who began dividend investing back in December. I have a portfolio across many different industries and feel that since I have such a big time horizon I can try some more aggressive growing dividends. Was just wondering which you guys like that fall into this category. +I started with 7$ on robinhood and turned it into 600$ through doge coin. I sold and i wanted to start investing in a decent ETF i can let snowball into sort of a 4th retirement fund. (i have 401k, ira, and pension.) I have 600$ in SPHD at the moment since its a monthly dividend earner, but after reading some post i'm starting to doubt that decision. any recommendations? +Hi guys, + +Do you think JEPI and DIVO is good combination for income and growth? + +Lots of people investing in covered calls ETFs, but I don't like these because there is not long term capital growth. +Not a lot invested but it's great to see dividends come in and to re-invest them. Hoping late this year and next to double the portfolio value. Any ideas what I can add to the sheet (Google Sheets)? I need to make it look nicer too. + +https://preview.redd.it/aoatwgy0kf791.png?width=1734&format=png&auto=webp&s=ca8f2fd89575afc359d6458b3c76a84833879e60 +This ETF gets so much love, and I've got six figures worth of it. I bought it on May 12 of this year, just about two months ago, and it's been nothing but flat or down for the entire two months. Looking at the charts, it's clear that it has had a killer growth run for at least a year, seemingly to cross the finish line winded, out of gas, in May. + +I'm an experienced investor (54M) so I understand and plan to play the long game. But it does give me pause, and I wonder why nobody seems to be talking about SCHD's apparent "intermission" from performance. Any thoughts on this? +TLDR; Price > $45 Attractive. + +Fellow investors, + +As we all know **COVID-19** is affecting every aspect of our lives, but it is also presenting many buying opportunities in our market. **$O Realty Corp** is one of them. + +Some Quick Metrics @ $45/SHARE : + +* Current Dividend = $0.233 /Month +* Current Yield = 6.21% +* Total Debt to Total Assets = 43.28 +* EBITDA = 29.46 +* Debt to EBITDA = 5.87 +* Price to Book Ratio = 2.51 +* RSI = 34 (not oversold yet) +* Price to Cash Flow Ratio = 21.78 + +Its current drop 47%-%50 from ATH is the largest drop in the company's stock history. 08-09 it was 42%. + +Its historical yield has rarely gone over 5% + +16.5 % compound annual total return. + +4.5% Compound Annualized Dividend Growth. + +Consistently Keep Occupancy Above 97 % + +Had a public offering of 9,000,000 shares @ 77.40 that closed March 2nd LMAO + +"Net proceeds from the offering, after underwriting discounts and commissions, will be approximately $677 million. The company also granted the underwriters a 30-day option to purchase up to 1,350,000 additional shares of common stock. The company intends to use the net proceeds from the offering to repay borrowings outstanding under its $3.0 billion unsecured revolving credit facility and, to the extent not used for that purpose, to fund potential investment opportunities and/or for other general corporate purposes." + +**Summary**: $O Realty Corp is an **ELITE REIT** that not only trades at a premium to its peers, but rarely trades at an attractive discounted valuation. For long term investors this valuation is an absolute steal. To dividend investors its an opportunity to add world class company to their portfolio. + +**RISKS**: **COVID-19** drags on for more than 3 months, dividend possibly in danger. Government Stimulus is currently a "life-line" for some businesses that O Realty Corp rents to and if it dries up they go under and O Realty Corp loses a tenant in them. I am sure that Management is doing everything possible to minimize damage and taking advantage of any program and or opportunities that present themselves to fortify the company, +Im debating on whether I want to sell my ford shares or not (at a loss) since they stopped their dividend. Currently sitting at 110.995 shares and is the only investment to stop the dividend in my portfolio. I bought some in the mid $4 range when it dropped but most of everything was bought in the $8-$10 range since I dollar cost averaged into it. Ide probably end up buying more Pepsi, AT&T, or a dividend mutual fund. Do you think they will start it up again? Trying to get a feel of what you guys think before I make a final decision. + +If you want to know my goal it is obviously long term DRIP so when I have a house or a higher end car I can have my dividends pay for it, and then when I am in retirement (im 23) I can have passive income in retirement. +Update 2: Thank you Coinbase support for reaching out to me and really trying to figure this out fast. we narrowed down the problem am it seems all the funds from the vault will be able to be withdrawn soon. + +------------------------------------------------------------------- + +Update: I was contacted by Support and they said I should use the recovery tool. It is a group vault and it didn't work, as the tool got stuck at Step 2 in "Please wait...". So we tried again and the same error. I was then notified by a user that the group vault can't be recovered using the tool!!!! You can even read it in their Repository ReadMe: https://github.com/coinbase/multisig-tool/blob/master/README.md + + Improvements missing + + 1. There is currently no error checking whatsoever. That means the tool won't let you know if something is wrong with your input or with anything else. It will just silently stop working. + + 2. There is also currently no support for group vaults. + +---------------------------------------------------------------------- + +Hey reddit, + +I am extremely frustrated with Coinbase, their platform and their support. +I have held funds in their multisignature vault and wanted to withdraw them on July 7th. Due to their broken platform I was not able to do so, as the transaction was stuck in "creating transaction" indefinately. The same process was working for withdrawals from this vault without issues before. + +I immediately contacted support which was not able to help me. They even had this amazing autoreply after 2 days because they didn't answer me: + + Josie + Jul 21, 2016 07:41AM + Thank you for contacting Coinbase Support! We sincerely apologize for not having been able to answer your request in a reasonable amount of time. + + If this is still a priority for you and you have been unable to find a solution in our Support Center (https://support.coinbase.com), simply reply to this email with a note that you still need help (you don’t need to re-explain the issue you’re experiencing), and we will do our best to address it as soon as possible. If your issue has been resolved please do not reply to this email. + + Thank you for your patience during this time and for your continued support while we work to improve our services. + +Even after I explained all of it to them again they weren't able to resolve this issue, and exactly 34 days ago they sent me this: "... we’ll need to wait for the developers to take a look and fix it. My apologies for the issue." + +I was mildly annoyed but atleast I was happy that it will be fixed soon. Well... I was wrong... + +After waiting 3 weeks I contacted them again because nobody gave me an update and the issue was still not resolved. They responded with: + + AUG 21, 2016 | 05:12AM PDT + Randy replied: + + Hello again xxxx, + + I’m very sorry for the trouble. I’ve let our developers know about this ongoing issue with the cosigners Vault and will update you with the information I can get from them this Tuesday at last. + + Sorry again for the issue, and all the trouble this may have caused. I’ll make sure to contact to back before the end of the day on Tuesday. + + Randy + Coinbase Support + +I was slightly more annoyed but thought it would now be fixed soon after 6 weeks for holding the money hostage. But tuesday came and guess what... no answer from Coinbase. I am not the person to raise issues on social media to get attention on the topic, but I literally warned them and said that if they don't fix this I will feel forced to do so. I hope this post forces them to finally fix this critical issue + +TL;DR: Coinbase has 50 BTC in the multisig vault that can't be withdrawn for 6 weeks because the platform is broken. They promise a fix but don't deliver within their own deadline. Outcry on social media so that the issue gets finally fixed. +For all the experts saying deflation is in the pipeline because most commodities are down - this is not how inflation works. + +&#x200B; + +Core PCE Price Index excludes volatile prices of energy and food. + +&#x200B; + +Once inflation gets entrenched in the services sector and in wages growth it's no longer about raw input material costs. People like Cathie Wood and Elon Musk have strong public voices but they seem to not know how exactly inflation is working. Once inflation spreads the only way of stopping it is causing what FED is currently doing. It's like a virus - if you don't kill it completely it'll recover and spread even more. + +&#x200B; + +Sadly, I don't see a way to stop inflation without causing recession and widespread decrease in spending. Generally speaking, we need much better monetary discipline and tools to fight such events. IMO, with what we have today, FED is taking the right actions. I just hope what they are doing will be enough... +For all the experts saying deflation is in the pipeline because most commodities are down - this is not how inflation works. + +&#x200B; + +Core PCE Price Index excludes volatile prices of energy and food. + +&#x200B; + +Once inflation gets entrenched in the services sector and in wages growth it's no longer about raw input material costs. People like Cathie Wood and Elon Musk have strong public voices but they seem to not know how exactly inflation is working. Once inflation spreads the only way of stopping it is causing what FED is currently doing. It's like a virus - if you don't kill it completely it'll recover and spread even more. + +&#x200B; + +Sadly, I don't see a way to stop inflation without causing recession and widespread decrease in spending. Generally speaking, we need much better monetary discipline and tools to fight such events. IMO, with what we have today, FED is taking the right actions. I just hope what they are doing will be enough... +Ok, I guess it isn't really a theory. I've kind of proved it here. But didn't want to come off too strong. + +I'm going to try to touch on a few things here that might seem unlinked at first, but a lot more is occurring behind the scenes. Because I get the feeling GME has become the battle ground for more than just bankruptcy and naked shorts. + +I am creating a hypothesis that we are watching a battle for data and who gets to control the flow of orders in the overall market. + +There are several major players at this time: + +* NYSE (Technically the Intercontinental Exchange). +* NASDAQ (The first electronic fund, is overseen by FINRA, and stands for National Association of Securities Dealers Automated Quotation). +* DTCC (More so sees the flow of data and operates in a clearing capacity, and a consolidation capacity to help assist disputes of data \[OTCs would play a big role in this\]). +* The banks (Large institutional banks) are most definitely the major drivers at this point regarding what is occurring in the market. + +In my last post, I got into something I did not fully understand thinking I was on the right track, and a couple guys managed to call me out (which I appreciate because it led me down the path of derivatives and lending, and how we are watching GME get manipulated daily). + +I've come across a nice web of how everything has been functioning (competing maybe?), I have tied Citadel to the bankruptcy of Sears through a major REIT company, and something we have all been neglecting the whole time which leads to how we can connect Suspecthanna to Citadel. This also connects to our borrows and returns. Every. Single. Day. + +&#x200B; + +https://preview.redd.it/m42li74kosy61.png?width=786&format=png&auto=webp&s=19d0664d11fea309841c4424a8b12aeb03e64c99 + +Remember this scene from The Big Short when they are pumped that they’re going to get an ISDA membership (International Swaps and Derivatives Association)? And they don’t even know what you need to get an ISDA because they're just so horny for one? I’m pretty sure this has been us for the last few months. And I am going to tie this back to an ISDA and ISLA eventually. + +&#x200B; + +https://preview.redd.it/h7htk16rosy61.png?width=491&format=png&auto=webp&s=14a428b5a0e6134710366279f3b614302a5004ba + +Not FUD and you'll see why, I think there is just so much information that we are all coming up with hypotheses that are actually correct (more or less). I am sure (through my own confirmation bias) that this is going to happen, and the moon is actually mad that is hasn’t in this case. Anyway, here we go, some more fucked up info that leads to a nice pyramid scheme (I actually want to submit the below meme for the contest, I call it Madoff’s Hierarchy of Pyramid Schemes \[personally I think it’s like, a tier 4 meme between the Maslow reference, Madoff ponzi/pyramid scheme, what’s going on with GME and our own self-fulfilling need to be right, and of course how billionaires having a 4th yacht is more important to us psychologically while we work our asses off than our own skills providing for ourselves\]). + +&#x200B; + +https://preview.redd.it/wo5kmpswosy61.png?width=442&format=png&auto=webp&s=8acdfedb83a3b777f46bef83b64b99365df7dd8f + +So. In reading about derivatives, regulations, everything else we are dealing with through citadel and friends, I just kind of started clicking to get a handle on where we are and how we got here; what I found is fucked. + +I think the first thing we need to understand is that derivatives have only really been trading since 1970. We are still in uncharted territory. And as we saw in today’s AMA, the HISTORY (thanks for asking the question attobit\[I don’t want to tag him I am sure his tags are blown the fuck up and they'll tag this inconclusive until they can read all my references\]) of shorts is them *not having to cover* ([https://www.reddit.com/r/Superstonk/comments/nazyz3/shorts\_must\_cover/](https://www.reddit.com/r/Superstonk/comments/nazyz3/shorts_must_cover/)). At this point, we are under the assumption that they HAVE to cover – and they should, this is a **free, fair market, equal for all, baring no poorer or billionaire**. + +Now, here is the web and I hope you guys can follow or point out where I am off. Because I think we are losing sight of the fact that if they don’t (for some financial fuckery or this continues to drag on), this goes to a systemic issue, and I want to make sure we have an understanding of how we can call them out – because they will fuck with our tendies if they need to. + +First off, I think this has a more than with options than anything else. Options began on the Chicago Board of Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME); competing entities for options on stocks (Options, Futures and Other Derivatives, 5thEd, John Hull \[[https://fac.ksu.edu.sa/sites/default/files/options\_futures\_and\_other\_derivatives\_5th\_ed.pdf](https://fac.ksu.edu.sa/sites/default/files/options_futures_and_other_derivatives_5th_ed.pdf)\]). Just a side note, READ THIS FUCKING BOOK. I am still working on it but there is so much info. + +So let’s start by looking at when a company goes public, how they want to do it. NYSE vs NASDAQ. + +NASDAQ is typically tech, bio, etc. companies looking to increase their growth. The NASDAQ tiers their exchanges and has cheaper fees to list. The NYSE typically carries our fave blue chip stonks. Value, going to keep innovating, buying up smaller entities to increase their own IP. So where is the real difference? + +NASDAQ is new. The name itself kind of shows that. National Association of Securities Dealers Automated Quotation. Doesn’t have a physical floor. FINRA oversees their regulations. Basically what you might consider a free and fair market. Not that NYSE isn’t. Their regulations helped form FINRA ([https://www.investopedia.com/articles/basics/03/103103.asp](https://www.investopedia.com/articles/basics/03/103103.asp)). + +NYSE is old school. From the Buttonwood Agreement. 1792. Almost as old as the US itself. Kind of speaks to the generational stocks that would file with them. + +Now comes the real difference. How their trade desks work. + +NASDAQ operates as a Dealers Market. “A dealer market is a transparent financial market mechanism in which multiple dealers post the prices they are willing to buy or sell a specific security.” + +* This would imply that when one of us (depending on our broker) sets a price, that price needs to find someone to buy at. The Bid/Ask spread would be cheaper potentially depending on how many brokers it is sourced from +* NASDAQ uses 260 market making firms ([https://www.investopedia.com/articles/basics/03/103103.asp](https://www.investopedia.com/articles/basics/03/103103.asp)) + +NYSE uses an auction method where the market participants set the price. + +* The NYSE uses specific **Designated Market Makers** that maintain the status quo, as they are they main human contacts for selling/buying securities. They provide liquidity and assist the NYSE in daily business +* The NYSE participants are as follows ([https://www.nyse.com/markets/liquidity-programs](https://www.nyse.com/markets/liquidity-programs)): + +· **Approved NYSE Supplemental Liquidity Providing (SLP-PROP) Firms** + +1. HRT Financial LLC + +2. IMC Chicago LLC + +3. Latour Trading, LLC + +4. Tradebot Systems, Inc. + +5. Virtu Financial BD LLC + +· **Approved NYSE Supplemental Liquidity Providing (SLMM) Firms** + +1. Citadel Securities LLC + +2. Goldman, Sachs & Company + +3. Virtu Americas LLC + +· **Other Liquidity Sources** + +* There is another link ([https://www.nyse.com/market-model](https://www.nyse.com/market-model)) but I don’t see how it lists their other liquidity providers + +Odd that the NASDAQ uses 260 and NYSE uses 7. But here is the next point. + +The NYSE uses two Classes of Market Participants: + +Retail Member Organizations (RMOs) who are eligible to submit certain retail order flow (Retail Orders) that is eligible for price improvement. + +Retail Liquidity Providers (RLPs) who provide price improvement for Retail Orders in the form of non-displayed interest priced better than the best PBBO. RLPs received economic benefits in exchange for meeting performance obligations. RLPs that miss obligations do not receive enhanced economics. The Exchanges have the right to revoke RLP status. + +My favorite part of this is the “price improvement for Retail Orders” because they definitely have our best interest at heart after all this. + +Anyway. Let’s chat about the NYSE a bit more and a free and fair market. Because I said before, I thought that this was a competition for who gets to be the better data whore. + +So in 2018 the NYSE attempted to source recommendations to remove their FINRA overseer. As a Self Regulating Organization that pretty much wrote the rules on overseeing their own books, why wouldn’t you want to lose your daddy who keeps bugging you about enforcement issues? ([https://www.legayelaw.com/nyse-finra-membership-requirement/](https://www.legayelaw.com/nyse-finra-membership-requirement/) & [https://www.sec.gov/rules/sro/nyse/2018/34-83740.pdf](https://www.sec.gov/rules/sro/nyse/2018/34-83740.pdf)) + +They legit filed to change the rules. And by the Level Two data from [https://www.level2stockquotes.com/market-makers-list.html](https://www.level2stockquotes.com/market-makers-list.html), they succeeded as the NYSE is not listed as a FINRA participant. So as of now, the NYSE operates as an SRO, no oversight except if the SEC has a whistleblower, and Citadel is one of their liquidity partners. Haha ok, anyway nothing to see here, lets look at FINRA rules & Guidance for the NYSE. What’s that you say? There are no rules or guidance? + +· [https://www.finra.org/rules-guidance/rulebooks/incorporated-nyse-rules](https://www.finra.org/rules-guidance/rulebooks/incorporated-nyse-rules) + +* I keep running into a loop of rules and guidance on this site. Let me know if anything is different for you. + +Lets look into ISDAs now. Because this kind of sums up a couple things, but isn’t the be-all-end all. And my own eyes are glazing over so I want to get through this. + +An “ISDA fosters safe and efficient derivatives markets to facilitate effective risk management for all users of derivative products.” Who might be a member of these communities? NASDAQ Oslo (Associate member), ICE (Associate member), all the major banks are primary members. Who isn’t? The NYSE. Citadel is only a subscriber. Suspecthanna is a subscriber. Weird, but not a smoking gun. I want to come back to the ISLA membership after this because “Securities Lenders” also brings some interesting information. + +For now, lets touch on the fact that I can connect Shitadel and Suspecthanna in another aspect, and how I can tie Citadel to the Sears bankruptcy, and how they are still trying to make money off that REIT (hint: Motley Fool is pumping articles out lol). + +In 2016, Shitadel and Suspecthanna tried to sue CBOE, NASDAQ, International Securities, and NYSE (as market-makers). This was apparently for charging them for PFOF when they state that they didn’t have the right to ([https://www.sec.gov/litigation/opinions/2016/34-78340.pdf](https://www.sec.gov/litigation/opinions/2016/34-78340.pdf)). + +· This is actually a pretty straight forward brief, you don’t need to be a lawyer to read it – but this is the first time we can link Shitadel and Suspecthanna of being mad at the system. Note the timeline because it becomes important in the grand scheme of the hypothesis (2016). + +The courts basically said they can’t award money because these are all SEC matters and not all administrative avenues had been exhausted. And it seems that the SEC doesn’t actually have parameters to financially compensate them anyway, because of the nature of the business. + +The hypothesis starts here. Because it would line up with Citadel then starting to use Robinhood as their exchange (Robinhood popularity just started to skyrocket and go mainstream here). And this would mean they are internalizing EVERYTHING and betting against retail. Using their DMM status with NYSE to intake all the assets, then using Robinhood to bet against retail, while Kenny uses his risk tools to balance the books. + +The only thing is, they got greedy like they did with Sears. Here is the connection to how they attempted to bankrupt retail stores before. + +In 2015, Kenny became the owner of Surveyor Capital LTD ([https://www.sec.gov/edgar/search/#/dateRange=custom&ciks=0001588930&entityName=Surveyor%2520Capital%2520Ltd.%2520(CIK%25200001588930)&startdt=2015-05-01&enddt=2021-05-13](https://www.sec.gov/edgar/search/#/dateRange=custom&ciks=0001588930&entityName=Surveyor%2520Capital%2520Ltd.%2520(CIK%25200001588930)&startdt=2015-05-01&enddt=2021-05-13)). + +When 2016 started going, Surveyor Capital LTD owned >60% of **Seritage Growth Properties**. In the Sears Holdings scheme of things, Seritage seems to have been one of their main leaseholders. And has benefitted IMMENSELY from their bankruptcy (they just keep getting paid) – seriously, go look at their filings, the benefit of the bankruptcy has been massive. + +Part of my hypothesis leads me to conclude from this that retail stores became targets for their leaseholds (or the beneficial REITS) should they go bankrupt. What an easy way to keep getting paid if the empty outlet was just collecting money from bankruptcy. How does this relate to GME? What a bigger FUCK YOU than to build a 700,000 sq ft facility to house all your merchandise should your leasehold decide to up the rent in an unfair business practice (I actually emailed GME relations to see if I could get a copy of this but I am not holding my breathe lol). Should you get fucked over and you need to liquidate (like sears), why not just move all your stock to a warehouse and go full ecommerce? Anyway, speculation, but that’s how far along I am. + +So, that is how the exchanges connect to shitadel and suspecthanna, how shitadel was part of bankrupting and ongoing downfall of Sears, and how GME could potentially say lmao fuck you fam should something similar be attempted. + +So let us go back to the ISLA for a second. And this ties it all together (for me anyway in relation to the moass). The International Securities Lending Association (lol almost fucking perfect to what is going on). + +ISLA is also a membership organization that keeps track of borrowing and lending of shares (and the respective ones that do it). Check the list out for yourself, and why I think Shitadel and Suspecthanna are trying to push FTDs through rewriting options into future naked calls, while constantly borrowing and selling stock short EVERY DAY on the NYSE. + +[https://www.islaemea.org/wp-content/uploads/2021/05/ISLA\_Member\_List\_May2021.pdf](https://www.islaemea.org/wp-content/uploads/2021/05/ISLA_Member_List_May2021.pdf) + +&#x200B; + +https://preview.redd.it/0hrht4tfrsy61.png?width=720&format=png&auto=webp&s=0793e855e656944334472813f805159a8686112f + +https://preview.redd.it/3o5m54tfrsy61.png?width=766&format=png&auto=webp&s=949442ec97b30dc21986a136f7c88c1e52d0f867 + +https://preview.redd.it/cygnh3tfrsy61.png?width=757&format=png&auto=webp&s=a5e15429187be5bc768c77aa0ad364832045d78e + +We might be in for a long fight, but Kenny Boi got a lifetime achievement award, so I am curious if his risk management strat fell under the category of rewriting options constantly and tricking the exchanges with volume, price, shorts, etc. Oh, and how do theyre allowed to? Because SEC laws state it so. + +&#x200B; + +https://preview.redd.it/nu34dr2mrsy61.png?width=467&format=png&auto=webp&s=62e49cecbda2103640b175135b75e77fed916aec + +And OTCs work in a capacity against us. + +&#x200B; + +https://preview.redd.it/wsn4n9tnrsy61.png?width=1107&format=png&auto=webp&s=efbea001642bca467d9aa51338a8cf1af0b4718b + +This is not attractive for us, only the large entities. We need to remember that all of these guys only knows what they have, and the others are hiding their cards. Only holding and voting can help us. If this GME doesn’t have enough votes to now to prove the float is manipulated, they will at the next one. + +Cheers everyone, I hope we keep winning and can fuck these guys, they seem to deserve it. The rules are not in our favor, and people have bent them to their own for generations. It is our turn. + +How I feel writing this: + +&#x200B; + +https://preview.redd.it/7agu707ursy61.png?width=493&format=png&auto=webp&s=b268622efad04560a0caed9a00e0311db8de12aa + +How I feel reading this: + +&#x200B; + +https://preview.redd.it/zzvztquwrsy61.png?width=491&format=png&auto=webp&s=cc976a2d399772aee8e2cefa032596bf068852c5 + +References: + +1. [https://fac.ksu.edu.sa/sites/default/files/options\_futures\_and\_other\_derivatives\_5th\_ed.pdf](https://fac.ksu.edu.sa/sites/default/files/options_futures_and_other_derivatives_5th_ed.pdf) +2. [https://www.isda.org/membership/isda-members/](https://www.isda.org/membership/isda-members/) +3. [https://www.nasdaq.com/solutions/european-commodities](https://www.nasdaq.com/solutions/european-commodities) +4. [https://www.islaemea.org/our-members/](https://www.islaemea.org/our-members/) +5. [https://www.islaemea.org/wp-content/uploads/2021/05/ISLA\_Member\_List\_May2021.pdf](https://www.islaemea.org/wp-content/uploads/2021/05/ISLA_Member_List_May2021.pdf) +6. [https://www.investopedia.com/terms/m/marketmaker.asp](https://www.investopedia.com/terms/m/marketmaker.asp) +7. [https://www.level2stockquotes.com/market-makers-list.html](https://www.level2stockquotes.com/market-makers-list.html) +8. [https://www.legayelaw.com/nyse-finra-membership-requirement/](https://www.legayelaw.com/nyse-finra-membership-requirement/) +9. [https://www.sec.gov/rules/sro/nyse/2018/34-83740.pdf](https://www.sec.gov/rules/sro/nyse/2018/34-83740.pdf) +10. [https://www.finra.org/rules-guidance/rulebooks/incorporated-nyse-rules](https://www.finra.org/rules-guidance/rulebooks/incorporated-nyse-rules) +11. [https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/naked-call/](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/naked-call/) +12. [https://www.investopedia.com/terms/n/nyse.asp](https://www.investopedia.com/terms/n/nyse.asp) +13. [https://www.nyse.com/markets/liquidity-programs](https://www.nyse.com/markets/liquidity-programs) +14. [https://link.springer.com/chapter/10.1007/978-3-540-85711-2\_21](https://link.springer.com/chapter/10.1007/978-3-540-85711-2_21) +15. [https://i.redd.it/q4cythnt8jf61.jpg](https://i.redd.it/q4cythnt8jf61.jpg) +16. [https://www.investopedia.com/articles/basics/03/103103.asp](https://www.investopedia.com/articles/basics/03/103103.asp) +17. [https://www.sec.gov/litigation/apdocuments/3-17189-event-9.pdf](https://www.sec.gov/litigation/apdocuments/3-17189-event-9.pdf) +18. [https://www.sec.gov/edgar/search/#/q=seritage&dateRange=custom&ciks=0001310067&entityName=SEARS%2520HOLDINGS%2520CORP%2520(SHLDQ)%2520(CIK%25200001310067)&startdt=2015-05-01&enddt=2021-05-13](https://www.sec.gov/edgar/search/#/q=seritage&dateRange=custom&ciks=0001310067&entityName=SEARS%2520HOLDINGS%2520CORP%2520(SHLDQ)%2520(CIK%25200001310067)&startdt=2015-05-01&enddt=2021-05-13) + +TLDR: Read the title. + +Mods, let me know how you feel about this, I think it ties A LOT of our theories together, but if something is off, let me know (or anyone for that matter). + Please use this thread to post your milestones, humblebrags and status updates which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +Hi and thank you for reading. I bought a house in June. Since then, both my SO and I were laid off and the local job market has completely crashed. We are both employed again just to bring in some money to pay the bills, but I make only $550/mo. and SO is working for $9/hr. at a burger chain. We are in our 30s, previously mid-career, so this is as much an ego blow as it is a financial disaster. We live in a small town that relies heavily on oil/natural gas and mining. The mines announced they're laying off again and likely going under, and the oil field is severely depressed. Things are getting desperate and we may need to move to find more appropriate work. + +I own this house outright, no bank funding, no car loans, no credit card debt...no debt at all (I am beyond thankful that this is the case) and about $50k in non-retirement funds. We *can* live off burger and part time job money, but it's not really feasible long-term and doesn't help us advance our careers at all. Not to mention the psychological effects of being in this situation. + +SO and I both think we should move to find better opportunities. This would not even be a question without having *just* purchased a house. The housing market right now seems to be about the same as it was in June, but with so many layoffs I don't know how long that will last. It's already significantly depressed from what it was 2 years ago. + +What option do you feel would be the best in this case...ride out this economic slump and hope it improves or cut our losses and actively seek to improve our situation? If we ride it out, how long do we wait before we call it and move on? +Edit : Apparently there is already a post up there 👆 that talks about the same thing. I'll leave this up as it's a more watered down ape friendly version imo lol. + + +Was over on the Jungle and I saw a post about the OCC increasing its cash reserves because it's failing to meet its internalized stress test essentially. Couple outtakes below that I think are important in the bigger picture of what's going on in the market right now. + + +-- + + +https://public-inspection.federalregister.gov/2022-15920.pdf + + +-- + + +"Description of Change: + + +**As the sole clearing agency for standardized U.S. securities options listed on +national securities exchanges** registered with the Commission (“listed options”), OCC is **obligated to make certain payments. In the event of a Clearing Member default, OCC would be obligated to make payments, on time, related to that member’s clear +transactions**. To meet such payment obligations, OCC maintains access to cash from a variety of sources, including, a **requirement for members to pledge cash collateral to OCC and various agreements with banks and other counterparts (“liquidity facilities”) to provide OCC with cash in exchange for collateral, such as U.S. Government securities**. " + + +" **OCC routinely considers potential market stress scenarios that could affect such payment obligations. Based on such considerations, OCC now believes that it should seek to expand its liquidity facility to increase OCC’s access to cash to manage a member default**. +OCC is proposing to expand the size of its liquidity facilities by increasing the +size of one of its liquidity facilities. Specifically, this advance notice concerns a change to OCC’s operations to expand capacity under OCC’s **Non-Bank Liquidity Facility** as part of OCC’s overall liquidity plan, which includes OCC’s arrangements to **access cash in exchange for Government securities deposited by Clearing Members** in respect of their Clearing Fund requirements to meet OCC’s settlement obligations. **OCC is not**, as part of this advance notice, **proposing to require its members or other market participants provide additional or different collateral** to OCC. **Rather, the purpose of the proposal is to provide OCC with another vehicle for accessing cash** to meet its payment obligations, including **in the event that one of its members fails to meet its payment obligations to +OCC** " +There have been four bear markets\* in the last 35 years prior to the current one: 1987, 2000-2002, 2007-2008, and 2019-2020. (\*A bear market being defined as a 20% or more decline in the S&P 500 from its prior peak.) + +The peak-to-trough declines for these bear markets ranged from -20% to -51%. The VIX at capitulation\*\* ranged from 40 to 153 (!). The maximum one-day declines at capitulation ranged from -5.3% to -21.5%. (\*\*Capitulation was the day of highest volatility that either marked the low for the bear market or was within a few days of the ultimate low.) + +The S&P is currently down \~25% from its prior peak. The maximum VIX for this bear market was 34.8 back in May (so didn't represent the low.) Over the last week the maximum VIX has been 33.8 and the worst one-day decline was 2.4%. + +Interestingly, in all four previous bear markets the S&P declined to the long-term trend line or (well) below it. The long-term trend line for the S&P is currently between 2500 and 3000, depending on your starting point. + +Now, four data points isn't even close to statistically significant - this information might be meaningless in the current context. This time could be different. But... I do wonder if market psychology approximately rhymes during these extreme downturns and if certain characteristics must be present in order to reflect capitulation and mark a true bottom. I suppose we'll find out. +My city is on an island and we get lots of structure and foundation issues. So many houses need 50 to 150k to fix the foundation problems. + + +I hear when you straighten the house all the door and windows need to be replaced as they break? + Couldn't you just take out all the window frames prior and put them back after saving thousands? + +Besides a crooked house with crack in the drywall, and brick what is so bad about a foundation problem house? + +I know a sale it must be disclosed but, if it's a rental and tenants don't mind can you still rent it out and figure out 20, years later the next guy will fix it? + +I'm not talking about sink holes, just houses not built to code so shallow foundation combined with freeze and thaw, so they need to drive metal beams down and lift the house up. + +Just there's properties selling for the land price that seem worth it. Ex selling 250k while comparables are 700k +Hey everyone, So I am a young man and one of my friends wants me to be the head of his real estate development company. One project would be a 70$mil parking structure and the other is 250$mil multi res. I do have some experience in this field but from a different POV as I work in lighting sales. The owner is a good friend of mine and wants to mentor through the process but I want to educate myself as much as possible because this is an incredible opportunity for me. Any information would be appreciated and treasured. Stuff on the business process, things to look out for/ what would you tell your younger self? I’m all ears! Thanks +An elderly couple was displaced by a house fire and they are looking for a short-term rental while they rebuild their home. They are interested in renting our home for at least 6 months and then going month-to-month. Apparently, their insurance company will be paying the rent (I'm not sure if the rent will come directly from the insurer or indirectly through the couple). What sort of changes and/or additions should I make to a typical lease agreement? Is there anything unique I should ask or request from the tenant and/or insurance company? This is in New York. Thanks for your input. +I have been watching some tax auctions and foreclosure auctions in Florida. I have seen some houses sell for the minimum bid of $100, despite the house obviously being worth more. + +I just saw a foreclosure that was valued at $40k with an outstanding judgment of $60k and the plaintiff won the auction for $100. What is going on here? + +I have also seen houses go for much more than the estimated value as well as much much less. What DD do I need to do before bidding on one of these? + +Edit: When I say tax lien, I mean the auction for the property to satisfy the outstanding tax lien, not the auction for the tax lien itself. +27, high 700 credit score, no student loans/ debt, but want to use some of my savings in the bank instead of letting it depreciate. I’ve been leaning toward real estate but don’t know the best way to go about it wholesaling? Rentals? Idk. I’ve heard others have done FHA loans to fix a property and sell it too. + +What are some good investments that can be made with 5k? + +Anything helps, thank you! +\[Greater Seattle Metro\] I must have the magic touch to push listings off market because in the past week, I've contacted several that have been sitting for a few months and they've all delisted, and their agent never provided a response to my inquiry. On top of that, I've reached out to several agents to represent me as a buyer (including my former broker) and no one is hungry enough to call me back. Am I missing something? Does my email signature say "big big asshole" and no one told me? I get that it's Christmas but I thought most people were still at work this month... + + +Why aren't people more excited about a potential buyer right now? + +ETA: the listings are expiring lol heard back from one of the agents today + +ETA2: Suddenly one of them has an offer. To be fair this was the only agent who's been communicative so maybe it's not total BS. +I’m supposed to close on a triplex in a high rent area this week. I am seriously reconsidering everything. I only have a nominal amount of money in earnest $5,000 and the down payment is $150,000. + +Anyone have creative ideas to get out of closing or have legal advice to cancel the purchase? I’m post inspection period and post appraisal. A couple things: I’ve noticed that the appraisal lists the property as an 8 BR when it’s actually a 7 BR by the city and code. The extra bedroom is just the basement that is currently being used as a a bedroom. +I have been combing the MLS for over a year now looking for deals. I find that the competition is stiff and the margins are thin. Well I finally got my first rental under contract with an off market deal by literally starting a conversation with a lady I knew from my main job, and was able to negotiate the purchase of her house for $127k and with a current market value of $230k. I'll keep it as a rental and likely refinance some cash it down the line. + +I half feel like it was dumb luck but it's made me want to really start door knocking on neighborhoods I want to invest in. + +What I really want to learn is how people who seem to find a deal every month or 2, what has worked in today's market? Letters, door knocking, wholesalers, etc. Looking to get working on my next deal +I have been watching some tax auctions and foreclosure auctions in Florida. I have seen some houses sell for the minimum bid of $100, despite the house obviously being worth more. + +I just saw a foreclosure that was valued at $40k with an outstanding judgment of $60k and the plaintiff won the auction for $100. What is going on here? + +I have also seen houses go for much more than the estimated value as well as much much less. What DD do I need to do before bidding on one of these? + +Edit: When I say tax lien, I mean the auction for the property to satisfy the outstanding tax lien, not the auction for the tax lien itself. +Nutshell: I’m in contract on this. New tenants moved into one of the residential apartments after I viewed but before we signed; on the lease there is one adult and two children, when I went for the inspection there were 3 or 4 adults and 2 children with a curtain up in the living room to create a makeshift bedroom. + +They’re $250/month lower than what I would’ve gotten, they’re shit tenants, and they have a year lease signed just weeks ago. I don’t know what to do with this now. The building is in good shape and the primary draw for me is the storefront, but I can’t get over the fact that this guy signed a year long, significantly under market lease with these tenants and is now going to stick me with his shit lease. Advice? Ideas? +Selling a property I own outright and the buyer is asking me to carry a 3-year note, with a ballon payment at the end of 3 years. The note would be secured by the property, I would have first lien. Any reason *not* to consider doing this? It seems like a win-win in that I collect 3-4% per year and if the buyer goes into default I get the property back. I would put some reasonable restrictions in place to prevent the buyer from doing anything that would materially adversely impact the value of the property until the loan is paid in full. Any advise is appreciated. +Looking at duplexes in a fairly large city. The location is fairly good (near parks, a lake, library). The houses in this area go for around 400k-500k and rent would be around $1750. The more I crunch the numbers I don’t think it’s possible to hit 1% monthly rent to value. Almost no where in the city brings in more than 2k in monthly rent unless it’s over 3 beds and has quite a lot of space. + +Does the 1% rule still apply for duplexes or is it a guideline mainly for multi unit apartments? +My post [last Sunday](https://www.reddit.com/r/wallstreetbets/comments/jmbuff/i_draw_with_crayons_so_you_dont_have_to_this/) where I talk about my positions. [On Wednesday I did a follow up](https://www.reddit.com/r/wallstreetbets/comments/jo3up7/4k_in_realized_gains_from_sunday_positions_next/) and discussed why I held some, closed others, and also why I opened up cash-secured-puts on QCOM right before earnings for a $450 pay-day. + +Keep in mind I only sell puts and buy shares. I made $4k on putting roughly $80k of collateral down for buying shares if I end up getting assigned. My true profit was about 5% last week with relatively low-risk positions where if they went against me I would bag-hold until profitable. When you are willing to bag-hold for months you literally cannot lose on any position (not financial advice). If you're ready to take your trading to the next level and do some technical ANAL(ysis) with me, then follow along. For those of you that hate money close this thread immediately. + +Lastly, before I start. This is my game-plan for tomorrow's open. A lot depends on the price action in the morning. If market is down big or flat in the morning it will help me sell puts or buy shares, if we open hulk green then I just may need to wait. I haven't entered any of these positions yet. Normally I don't do this many positions, but it's earnings so its time to YOLO on some theta decay. + +&#x200B; + +Before we start, when you look at my charts: + +**PINK = CHANNEL LINES** where the stock bounces between that range. When a stock exits a channel it either: + +1. Comes right back down into the channel or +2. Begins to form a new channel. + +You will never know which option happened until after-the-fact. + +**BLUE = SUPPORT OR RESISTANCE LINES** + +&#x200B; + +All positions listed should be expected to expire this Friday the 13th of November. You can always go out further to collect more premium. It all depends on your strategy and what you are comfortable with. + +**DDOG - Earnings on Tuesday** + +https://preview.redd.it/9quq9wx0i3y51.png?width=1964&format=png&auto=webp&s=91186ec0288bd562ee7a4fc31f96f4de3591efc7 + +DDOG provides cloud-based services. They shit the bed last earnings and the stock tanked 20% the next day. Am I worried about that happening again? Of course. Do I think it will? No. They are currently trading 10% higher than they were from market-close of their last earnings call. For any of you that have been following the stock, they landed a huge deal with Microsoft and we are about to find out just how much value that contract will bring. For that reason I think it will put a hard floor on where the stock might drop to. + +**Positions:** + +$95p strike for $4.25 premium expiring this week will net you a return of about 4.5%. + +Break-even only reached if stock drops to $90.75. + +&#x200B; + +**RKT - Earnings on Tuesday** + +https://preview.redd.it/1r6vebe2i3y51.png?width=1968&format=png&auto=webp&s=9a41d32126ce49e2e91ec8b05af193af5bfd916a + +RKT is somewhat of a recent IPO so the stock price is all over the place. What I do see on the chart is some strong support at the $18 and $20 level. The trend is currently down, but it looks like the stock might be reversing and breaking into a new channel through earnings this week. Good earnings will rocket this stock back to $25+, poor earnings we can re-test the $20 level. I like the upside on this one relative to what the downside might be. I'll be selling puts here. + +**Positions:** + +$20p strike for $0.75 premium will have a return of 3.75% + +Break-even is reached if the stock drops below $19.25 + +&#x200B; + +**RVLV - Earnings on Wednesday** + +https://preview.redd.it/dx4hk495i3y51.png?width=1954&format=png&auto=webp&s=e262fb8fd220ac069fb0b822e6b2030c88392ec9 + +Revolve crushed earnings on their last report and the stock went up 25%. You can see the stock has been trading in channel (pink lines) and is sitting comfortably somewhere near the high portion of the channel. Each time the stock price exited the channel to the upside it was rejected and pulled right back down. Generally it takes a break-through of the supply zones (resistance) or a big event to exit a channel and form a new trend. If we see some downside from earnings we might get a bounce off the $18 level. I'll be selling some puts there. + +**Positions:** + +$18p for $0.85 premium will have return of $4.7% + +Break-even reached if the stock drops below $17.15 + +&#x200B; + +**PTON - Earnings last week** + +https://preview.redd.it/tqfvpvl6i3y51.png?width=1956&format=png&auto=webp&s=0f4a5802a15a0769523eee117083da0b6805d19f + +Peloton reported earnings last week. Management summarized to us that demand was still very high and they had trouble keeping up with it. Pretty fucking solid. This stock is literally a meme, but I do think it will be bought up on any dips. IV is also pretty high so I'll be selling weekly puts at the $115 or $120 level when I get a chance. + +**Positions:** + +$120p at $2.25 premium for a return of 1.9%, break-even at $117.75 + +$115p at $1.00 premium for a return of 0.85%, break-even at $114 + +&#x200B; + +**V - Not earnings play** + +https://preview.redd.it/ppd3x268i3y51.png?width=1836&format=png&auto=webp&s=58093caef63d46861d8751d5ea4826d9c69135f0 + +Visa is one of the more predictable stocks. The dip to $180 two weeks ago was an early Christmas gift. I didn't draw any channel zones with my magical crayons here because this thing just bounces back and forth between resistance and support zones. V is currently trading at the pinnacle of the resistance line. If it gets rejected expect another dip back to $195 or even $190. If it breaks through we might see a continuation in momentum all the way up to $215. Why? We might see some follow through on last week's move. All the other times it was rejected by $200 from July through August it was on small moves and lower volume. + +**Positions:** + +IV is low on Visa, personally I would just outright buy the shares here. You can sell the weekly $210 covered call for some extra pocket money. I doubt this will break-through by end of next week and if it does you've already won on your shares. + +&#x200B; + +**Pro Tip:** Cash-secured-puts are a much "safer" way to make money. There is a misconception about selling higher volume of credit spreads instead of 1 or 2 cash-secured-puts because when you lose on a credit spread you are realizing and accepting the loss. + +&#x200B; + +Listen here folks, we will NEVER accept defeat. We might lose the battle and get assigned some shares of these ultra high-quality stocks, but we will ALWAYS win the war and come out profitable. See how I am aiming here for 1-3% on each of these plays. We are winners baby so lets make that bread. + +&#x200B; + +Monday 10am UPDATE: + +**DDOG**: 1x Nov 13 puts sold, $90 strike @ $3.60 for $360 premium (earnings coming up). + +**RKT**: 4x Nov 13 puts sold, $19 strike @ $0.75 for $300 premium (earnings) + +**PTON**: x2 Nov 27 puts sold, $95 strike @ $4.50 for $900 premium. + +**RVLV**: Stock up 6% this morning, not touching it. + +**V**: Stock up 8% this morning, not touching it. + +Total Premium Available to collect: $1,560 + +**Current Positions** (JD is from last week) + +https://preview.redd.it/0kzgbmeob8y51.jpg?width=1125&format=pjpg&auto=webp&s=a417726b9c2dbc3957dfd28ddc4f5db4d3afd86a +&#x200B; + +https://preview.redd.it/jl3pdpjeryl91.png?width=836&format=png&auto=webp&s=f105bccaac129cc79a196a50c02ba68b439076b5 + +Given all that has happened during the last few weeks, it would be entirely appropriate for these two tweets to be the last for a long time. + +The most recent referring to his top priority in his professional life... GameStop and the good news regarding employee compensation. + +The one before that... well, it's open to interpretation, but to me, it's sending love to those who continue to DRS. + +And that's really all we need to hear from him for now, in my opinion. + +I've seen many other posts allude to it... it really does appear we are nearing the endgame with how the media is presenting the news of Gustavo Arnal's sudden death. Without knowing any details, I won't say anything regarding that specific event aside from the fact that I hope Gustavo's family and friends find peace and closure sooner rather than later. I can't imagine what they're going through. + +However, the way RC has been portrayed in the news of Gustavo's death is downright disgusting. I knew things could get ugly, but I guess I never really thought it would actually happen. I thought it was bad enough how the media insinuated RC performed a pump and dump with the other stock and how they talked about him during the time that he sold his shares... but to publish false information regarding RC and even Reddit users within the story of someone else's death is reprehensible. + +I'm assuming things will get worse. Not only with this particular story, but in general. That's why I had the random thought tonight that perhaps we might not hear from RC for a while, and for good reason. Though, he could tweet about GMERICA tomorrow, who the hell knows... that also wouldn't shock me. + +I realize this post is just me thinking out loud here, but it was therapeutic to type it out and to share my thoughts with others who might be as disturbed as I've been while reading the news today. + +And remember... DRS is the way. NFA. +I invested most of my money at S&P highs of late. + +Still sitting on some more cash waiting to go in. Had a bigger "emergency" fund before, so missed out on all of the ride up sitting in a hysa. + +But once I decided to go for it with the S&P, I started DCA in and pretty much went in at all the highs. + +I wasn't there for the ride up, so just being there for the ride down doesn't seem that appealing. + +I am keeping what I already put into the S&P. I just added some more at the latest near high last week. + +Hoping to at least put the rest of the large sum in when it's near a low, so I am there for the ride up for that part. + +I know time in the market is more important than timing the market overall. And I am doing that overall. But I wasn't there for the ride up, so I am somewhat conflicted. + +What do you guys think and are we heading down a bit? Since I waited so long already missing out on all the gains, might it not make sense to wait a little more and actually go in at a lower point, to not end up going in only at highs? + +I wasn't there for the ride up, so I want to go in at a low at least with some of my entry. + +Help me think this through and figure it out. +So all do you see in the news these days is everyone forecasting a massive market crash. So when one has all their investments in 401(k) funds what is the safest and best route to go? +Anybody feeling like they’re living paycheck to paycheck trying to pursue FI? For me, trying to max our tax-advantaged accounts (SEP, 403b, 457) sometimes has me stressing about meeting living expenses, particularly when unexpected larger expenses arise. Last month, I had to pull from emergency fund since our checking account didn’t have enough to cover an unexpected (though non-emergency) expense. At other times, our account balance is so low that receiving a paycheck deposit is a relief. Should I pull back on pursuing tax/savings benefits of maxing out tax-advantaged accounts and meeting other savings goals if doing so has me feeling like I’m living paycheck to paycheck? Or is this paycheck-to-paycheck lifestyle in fact par for the course for people trying to be supersavers? +31 F single with a dog. Never made more than 45k annually. No family money (e.g. I'll never inherit anything or get help on a down payment). 7k left on student loans. Car about to crap out. Renting at about 1k/month and living in a rapidly gentrifying area. Housing market here is bonkers. +50k in 401k. No employer matching. 20k in savings. Absolutely exhausted and feeling hopeless for the future. Can I ever retire? Get a house? Live not in a state of financial precarity? If so, how? +I'm curious. As we're gearing up for another push in mainstream adoption, it still seems like most of us are into crypto as retail investors, not as people who use it as currency. + +I've been in crypto for about 2 years now, but I have yet to actually buy anything using it. I'm just a fellow hodler. How about you guys? +# ENTRIES ARE CLOSED! SORT BY NEW AND VOTE!! + +&#x200B; + +https://preview.redd.it/i8hak5vzy3y61.jpg?width=1300&format=pjpg&auto=webp&s=0c93799a85a5d4ccbba1ce1591df424b3ead5095 + +# LIMITED EDITION GAMESTOP BANANYA CAT GIVEAWAY FOR OUR INTERNATIONAL APES!! 🚀🚀🚀🚀🚀🚀 + +&#x200B; + +I've seen y'all posting about the GME bananya cat and talking about how AMAZING it is (because it is.. it's so SQUEEZY!!!!) but the comments from international apes got me big sad :'( + +&#x200B; + +# 📢So WE ARE DOING A GIVEAWAY IN THE SUPERSTONK DAILY THIS WEEK!! 📢 + +3 international apes will be shipped their very own Gamestop Limited Edition Bananya Cat, complete with a red headband just like mine... to celebrate HODLing and the adventure that has been the GME saga. EVERYONE AROUND THE WORLD DESERVES THE SQUEEZE!! + +[SQUEEZY CAT](https://preview.redd.it/b5343foo04y61.png?width=640&format=png&auto=webp&s=39e92ebd095d0ada1473c04c46a267d0092396b4) + +# I'm also going to use this giveaway to bring some Gamestop corporate attention to twitter, to show how big the demand is for international sales!! [Announcements will be made on twitter](https://twitter.com/PinkCatsOnAcid) as well as in the Superstonk Daily, so stay tuned!! + +&#x200B; + +So while everyone is excited about the Giveaway... + +# [LET'S GET THOSE VOTED FLAIRS CRANKED OUT!](https://www.reddit.com/r/Superstonk/comments/n8fq2h/your_daily_reminder_to_vote_this_is_how_we_defeat/?utm_source=share&utm_medium=web2x&context=3) + +I realize so many of you haven't gotten your voter flairs yet, and as you've seen, mods have been working all weekend to try to get caught up, but Y'ALL ARE TOO AWESOME!! + +# SO WE HAVE AUTOMOD DOING THE WORK NOW! JUST COMMENT !apevote! TO RECEIVE YOUR CUSTOM 🦍VOTED✅ FLAIR! + +We appreciate your patience💖💖 and HUGE SHOUTOUT TO u/redchessqueen99 for coding this beast!! + +# LET'S GOOOOO 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I always stumble back on this question, mega giants especially in the US have billions in R&D, can knock at the door of public markets to get even more, yet they acquire start-ups. Are they interested in the IP at all? Why don't they just do it on their own? + +This is apparently a question which Buffet posed to Gates at the beginning of their friendship, when Buffet was convinced that tech was a dud . Specifically he asked: + +"Hey, Microsoft is a small company, IBM is this huge company, why can you do better? Why can't they beat you at the software game that you're playing?'" +I have no fucking idea what I’m talking about and this is certainly not financial advice. + +What’s changed in the plan, exactly?!? We buy and hold with our diamond hands and we will reach the fucking moon together!!! + +I love all of you and will see you all in outer space! #ExcessiveRocketBitmojis +Hi all. Long time lurker, first time poster. + +I am 26 years old and have been saving up to purchase a place of my own in Melbourne soon (I'm not sure when, I am still saving for a deposit). At the same time, my parents are looking to downsize their current house and purchase another house. Today, they have offered me to sign the house under my name (transferring the funds) so so that I can obtain the First Home Owner benefits. They then mentioned that they would pay me what they would have paid for the stamp duty. After a year or so, I would then transfer the property to them. So by the end of it, I would pocket the stamp duty for that place which could be $20,000 - $25,000 (which I could then put towards a property of my own) + +It seems like a no brainer, but I am on the fence due to a few other things such as the First Home Super Saver Scheme and the First Home Owners Grant. Another thing is that if I do go ahead now, my partner would not be able to obtain the First Home benefits if we go halves on a property. But on the other hand, having that extra money in my savings account could be beneficial (while interest rates are low, interest is interest hey?), as well as the fact the government my change these benefit schemes (I am really not sure when I would like to purchase a place) + +Should I take my parent's offer, or should I just go my own way and use the benefits when it's time for me to purchase my first home? Am I forgetting anything here on either side? + +Sorry Im a bit clueless here and would love to hear your thoughts. Thanks in advance. :) + +**TLDR; My parents are purchasing a house. They have given me the opportunity to sign my name to get First Home Owner Benefits (mainly stamp duty). They have then offered to give me the money they would have paid in stamp duty. I would like to buy a house of my own in the future so am weighing up my options. Am I forgetting or missing anything?** +Because of the post on the frontpage right now saying that there aren't enough discussion-worthy posts here, I'm going to post my most recent company analysis. I invite everyone who is interested to challenge my assumptions, comment on the methods and just share their point of view. + +Bright Horizons Family Solutions (BFAM) describes themselves as a "champion for working families". They provide child care and early education services. With work returning to the office, I figured they might be an interesting stock to look at. + +Their business consists of three segments: Full-service center-based child care (74% of revenue), back-up care (20% of revenue) and educational advisory and other services (6% of revenue). The company is active in the USA (74% of revenue), UK, the Netherlands (Europe, 26% of revenue) and India. + +[Financial Data - Operations](https://i.imgur.com/goS3Nof.png) + +It's generally a capital-light business as it is a service provider. Most of its child care centers are leased through operating leases. +Currently the company is at historically high cash holdings (7% of assets, 42% of current liabilities), undoubtedly due to the pandemic and associated uncertainty. In more normal times they tend to have relatively low cash holdings. +The company's total debt (ST+LT) comes to ca. $1,700,000,000 which is a high degree of debt-financing (ca. 65% of capital invested or 1.44 Debt-to-Equity ratio). No dividends are paid. There is a stock buyback programme, although it is not very large. + + +To value the company, I am essentially estimating revenue growth as well as future operating margins to derive future cashflows up to 10 years into the future which I then discount at the WACC given the company's capital structure (6.5%). + +For next year's revenue growth I tend to just grab the consensus estimate from yahoo finance, which is about 15% for this year. After that, I base the revenue growth rate on the historic trend of revenue growth. For this company, I use 10% annually. Then revenue growth linearly decays to the riskfree rate of 2.75% (10yr US Treasury rate). + +The operating margin is currently 7.35%. For next year I'm upping it only slightly to 8%, despite strong revenue growth, due to inflation. Because it's a service company with medium-term leases, their main cost factor is the staff, so wages. Wages are growing pretty strongly at the moment. Also energy costs are soaring, especially in Europe, so that can be addressed by the lower operating margin this year as well. After that, I'm going their operating margin to 14%. Historically, they've reached almost 13%, so I think 14% should be an alright estimate, considering I'm ascribing pretty sizeable revenue growth in the medium-term as well. + +[Revenue and operating income forecasts](https://i.imgur.com/mE1MDpp.png) + +All in all, I am growing revenue from $1,755,307,000 in the current year to $3,886,512,000 in 10 years, which is approximately double. Operating earnings (adjusted for operating leases, so the numbers are different compared to the screenshot above) go from $200,906,000 currently to $703,283,000 in 10 years, which is a more ambitious 3.5x. I also adjust the market value of the company's debt for its operating leases, and I adjust the market value of equity for the value of stock options held by the company. + +All told, I value the stock at $96.51 based on the above assumptions, compared to a $90.92 market price. The upside appears to be very small, definitely below any margin of safety. At the same time, I feel the assumptions are already about as optimistic as I can reasonably be about the company's growth and profitability. If I change the reinvestment a little bit so that a lower share of earnings needs to be reinvested (an aspect I didn't touch upon above, mainly because I'm still trying to understand that better), I get to a valuation of $103.33. Instead, if I assume 18% revenue growth this year with a 9% operating margin, I get to a valuation of $99.59. If I instead up the target operating margin to 16%, because the slope is looking a little flat in the chart above, the valuation turns into $112.36. + + +So barring some uncertainty, I'd value the stock currently at somewhere around $100.00 a share, perhaps up to $110.00 a share if things go well, compared to the market price of $90.92 dollars a share. What do you think? +For some reason, people keep mentioning investing in chinese stocks, but we all know the risks. + +However i have been founding some oportunities in ADRs from other countries, like Sony (Japan), HDFC Bank (India) and SAP (Germany). They of course trade in much better valuations than US counterparts. + +My question is, besides geopolitical and currency risks, is it considered a "real" investment? Can the company in question screw the ADRs shareholders? + +From what I researched, the only downside is a 10% aditional tax to the custodiary institution. + +However I really value governance, so the regulatory risks kinda scares me, I would like to hear your opinions on the matter. + +Thank you in advance. +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +Take everything here with a grain of salt! We suggest checking other users' posting/commenting history before following advice or stock recommendations. Watch out for shill accounts that pump the same stock all over Reddit, or have many posts/comments deleted in other investing subreddits. Stay safe! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +Where do you advise to find fair value projections for equities? For instance, I can run a screener and do background research (view key ratios, look at historic performance/sales). I can build a mediocre DCF model (I am relative novice/intermediate). However, are there any resources you advise for a quick scan of fair value? Right now I am using MorningStar fair value, any other resources / websites recommended are much appreciated. PS: Happy New Year +What do you consider to be your margin of error when comparing investments. For example, I predict my return on Company A to be 10% where as with Company B I will get 11%. I would consider that extra % to be within my margin of error and therefore consider these the same. Currently I have 4-5% in my head. + +The context of my question of around deciding when to sell a stock to buy another that is a better opportunity. My frictional costs are relatively low since I don't pay taxes in this account type. + +Tons of respect for the knowledge on this subreddit. I look forward to your responses. +I keep seeing Nucor hitting all time highs, and it doesn't make sense. + +Prices on hot-rolled coil steel are down like 40%. Who is pushing NUE higher and why? +Hey everyone, first time posting on Reddit ever. I’m currently on my second year of being a financial analyst for a commercial real estate company in Boston, MA and have been studying for the November level 1 CFA exam. While in college I found a true passion and excitement for security analysis and naturally was drawn to value investing and began reading everything Graham, Dodd, and Buffett I could get my hands on. Unfortunately my current position is not on the equity side. I want to move into an equity analyst position and was wondering if you guys or girls had any advice for me. Whether it’s interview prep, company suggestions, résumé tips, or anything else that might help I’d really appreciate it! +Hey all! + +I have been reading SEC filings for a while and I really haven’t found a nice way to do it so. The SEC website is not the greatest and I usually prefer reading on my iPad. And don’t get me started on subscribing to IR update emails, that’s the worst. + +So, I’m building an app to read and explore SEC filings. I have some cool ideas and will try to add some “intelligence” to detect some of the red flags that were mentioned on a post in this sub. + +How do you read SEC filings? I’d like to build something that’s not only useful to me, so I’m turning to this community of like-minded, what would you like to see in such app? +I have covered all valuation templates from Prof. Aswath Damodaran but haven't fiddled around with any other excel template. + +Curious to know what you guys use and what your favorites are? + +Could be Excel templates for DCF, Relative Valuation, Option Pricing. Anything relevant to Valuation. +Hello + +I have started to take steps to seek 100 Baggers (Christopher Mayer book), and he suggests one of the fundamentals is picking a stock that makes 20% profit. Would have be 20% gross or net? And also before or after tax? + +As you may have heard of the saying "Gross is vanity, Net is sanity." + +Thanks in advance for whoever replies. + +Regards, + +Rabbie :) +Title says it, discuss. + +-, by earnings I mean free cash flow, if currently company’s cash flow is negative (cause it invests in the future) then “normalized/maintenance” free cash flow. + +-, in % (cagr) amount, not absolute amount + +-, often on this sub I see discussed/mentioned either “blue chips” (amzn, msft, meta, etc) or “value plays” (returns earned by multiple expansion), would like to see more ideas similar to Peter Lynch philosophy (returns earned (mostly) by company earnings growth). +Hitting myself for selling BLNK at $7.08 as it’s around $22 now. Realized that I sold due to bad news catalyst and if I had stuck to my guns I’d be happy now instead. Considering waiting for it to correct a bit and buy back in if the valuation is right. + +Either way it got me thinking that this has still got to be a decent industry to go into. Considering all the big name automakers are coming around to EVs, people will need to be able to charge them. Either at home, or at work. Of course Tesla has their super chargers but how about a universal charger that will work with a multitude of EVs when the market becomes more saturated in a few decades? + +Curious as to anyone’s thoughts. +Hello investing community, + +&#x200B; + +I was recently researching whether there are any studies discussing whether there is something like an “optimal portfolio size.” What’s striking is that apparently there is not THE right way to do it as the number of stocks in the portfolios of the world’s best investors differs quite significantly. Charlie Munger, for instance, is quite vocal about owning just 3 stocks and feeling super comfortable with that. + +&#x200B; + +So based on my research, I decided to do a video on this subject and truly believe that many of you – especially newer investors – will benefit from watching it. The big takeaways are: + +&#x200B; + +1. Diversification seems to reduce portfolio volatility more than it reduces portfolio risk +2. All studies illustrated how quickly most of the benefits of diversification can be achieved (around 12-18 stocks is more than sufficient) – I think if you carefully choose your investments, do your due diligence and pay attention to the price, even fewer stocks can be more than enough! +3. Quality matters! Do not substitute diversification for analysis and your own judgment. A diversified portfolio of overpriced stocks is much more risky than a portfolio of three compounding machines purchased at a great price. +4. Diversification may preserve wealth but concentration builds wealth. + +Now I am curious what you think about this subject. How many stocks do you have in your portfolio? And why? Let’s discuss whether there is something like an optimal portfolio size. I would love to hear your thoughts and of course also some critical voices. + +I’ll also add a link to the video. I hope it doesn’t come across as spammy - as I said, I think I can truly provide value here: [https://www.youtube.com/watch?v=vD\_JKnf7dwM&feature=youtu.be](https://www.youtube.com/watch?v=vD_JKnf7dwM&feature=youtu.be) + + +Have a good day + +René +Hey friends i have been investing for over 8+ years now and almost on all spectrum, from angel to value to trading (is weird) but it all gear towards undervalued businesses. + +I journal on my emotions pre-buy along with thesis to assess and reflect on this. + +I think charlie munger said that is meant to be hard as emotions to be kept in check, any advice from any of you on how to avoid FOMO or jumping into emotional decisions? + +I am able to control myself pretty alright but feels that it can be improved on. +It has a price to book of below 1, and I stumbled upon this article from yesterday, they are in the process of extracting (in the next few years) 3 trillion cubic meters of natural gas from the Black Sea in partnership with Exxon : [https://www.oedigital.com/news/495935-omv-petrom-welcomes-much-needed-changes-to-romania-s-offshore-gas-law](https://www.oedigital.com/news/495935-omv-petrom-welcomes-much-needed-changes-to-romania-s-offshore-gas-law) + +Based on the article, there have been legislative changes that are finally allowing this - a pivot happening due to the Russian situation. + +With a P/E of 7, P/B of 1 and (I think) low debt, is this a safe investment ? Let's say it like this - could this be a value trap in some way ? +The operation is so complex, I go cross-eyed trying to figure out what the it is worth. The 13F holdings are currently overvalued, but what is each wholly owned business really worth? How much of their cash needs to be in reserve for insurance? Etc, etc. ¯\\\_(ツ)\_/¯ +What are key accounting/valuation frauds? What are the accounting entries that are being manipulated and that effect one another? a lot of people know about the famous Enron case, but what are some more troubling minor instances that can still raise red flags? Could you also point to their effects on the three financial statements? +Please feel free to be as detailed as you want. +What's your opinion on this company?, i see a good +opportunity, no debt, low p/e, good return on investment, Ben Graham formula value company around 100 for share. my calculations with dcf value company 105 for share. +BMY's stock has tumbled from a high of $68 in August to as low as $56 in recent days (it's currently at around $58). Jimmy at *Learn to Invest* on YouTube did a DCF calculation using analyst estimates and says that the company's fair value should be in the $140 range, which makes me wonder: are they really *that* undervalued, or is there something else behind this price? + +I looked a little deeper and found out that its net income had turned negative recently. BMY's income sheet from its latest earnings report seems to suggest that it's spending a lot on attempted acquisitions, which caused its long term debt to increase from -$5522 last quarter to -$6022 this quarter. At the end of 2020, its net cash flow was only -$1100 or so; in the most recent quarter, it has reached -$12,527. Maybe someone with more expertise at reading income sheets can look a little further? + +Other than that, the company doesn't seem to have much (if anything) else going against it. It's paying a great dividend (although is that under threat from now having negative net income?), and its pipeline looks highly diversified with tons of stage 2 and 3 drugs. From what I found (and I could be wrong), its next major drug patent expiration won't hit until the middle of this decade. + +Do we know the cause of this two-month tumble? +Hello investing community, + +&#x200B; + +I was recently researching whether there are any studies discussing whether there is something like an “optimal portfolio size.” What’s striking is that apparently there is not THE right way to do it as the number of stocks in the portfolios of the world’s best investors differs quite significantly. Charlie Munger, for instance, is quite vocal about owning just 3 stocks and feeling super comfortable with that. + +&#x200B; + +So based on my research, I decided to do a video on this subject and truly believe that many of you – especially newer investors – will benefit from watching it. The big takeaways are: + +&#x200B; + +1. Diversification seems to reduce portfolio volatility more than it reduces portfolio risk +2. All studies illustrated how quickly most of the benefits of diversification can be achieved (around 12-18 stocks is more than sufficient) – I think if you carefully choose your investments, do your due diligence and pay attention to the price, even fewer stocks can be more than enough! +3. Quality matters! Do not substitute diversification for analysis and your own judgment. A diversified portfolio of overpriced stocks is much more risky than a portfolio of three compounding machines purchased at a great price. +4. Diversification may preserve wealth but concentration builds wealth. + +Now I am curious what you think about this subject. How many stocks do you have in your portfolio? And why? Let’s discuss whether there is something like an optimal portfolio size. I would love to hear your thoughts and of course also some critical voices. + +I’ll also add a link to the video. I hope it doesn’t come across as spammy - as I said, I think I can truly provide value here: [https://www.youtube.com/watch?v=vD\_JKnf7dwM&feature=youtu.be](https://www.youtube.com/watch?v=vD_JKnf7dwM&feature=youtu.be) + + +Have a good day + +René +I'm not too experienced with retail stocks and after doing some research on BBY it seemed interesting. Looking for reasons NOT to invest, let me know if you have some. + +They are constantly expanding into new segments, innovating with customer-centric focus, opening new stores, and now adding to their 'outlet' strategy. + + +The numbers also line up, their competitors are valued at around 15 P/E, while $BBY is at 8.8. + + +Their FY25 goals are to increase around 1-2% in revenue yearly, but also increase their margins, leading to a $3.2-3.6B (non-GAAP) operating income. That was 3B in FY22. + + +They are buying back 8% ($1.5B) of their shares in FY23 - which is consistent throughout the past years. They give back to shareholders in both share buyback and dividends. They've been increasing dividends since 2014. + + +Balance sheet is all right +\- $4B cash + receivables +\- Total current assets equal to current liabilities +\- $1B net debt (can pay that back with 1 quarter's worth of FCF) + + +My 10-year discounted FCF model's parameters are: +\- 11% yearly discount (I usually do 15-dividends) +\- 4% yearly FCF growth (last 5 years average is 18%) +\- 10 P/E + + +I get an intrinsic value of $145 per share (32.55B cap). This is a 65% margin of safety compared to today's $87 price and $19.65B market cap. + + +My only concern why I haven't bought yet is insider trading. They are not selling in large quantities but nobody is buying. This also seems to be a dynamic in the retail sector, though. + + +Is there anybody else who looked at it? Any red flags you found? +With 2021 coming to a close I thought it would be fun, and probably cathartic, to post your portfolio’s biggest winner and loser and maybe the lesson learned or thesis you got right/wrong (or could be pure luck). Good to learn from others. Assumes no market meltdown in the next week (knock on wood). +With 2021 coming to a close I thought it would be fun, and probably cathartic, to post your portfolio’s biggest winner and loser and maybe the lesson learned or thesis you got right/wrong (or could be pure luck). Good to learn from others. Assumes no market meltdown in the next week (knock on wood). +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! +HOLY SHIT maybe this is real, maybe someone messed up big time. + +My hands are still shaking typing this sentence, I don't know what to make out of this. Maybe this is just a cruel dream and I am gonna wake up with such a big stupid look on my face and continue my ever so boring life. + +I placed a stupid order a couple of months ago on this shady looking exchange website which I had totally forgotten about this. I just checked my phone and this notification read + +"Your order has been fulfilled and delivered, click here to know more." + +I seriously can't believe that this is happening to me. + +*Proof* + +https://imgur.com/a/wcmSLjT +May 31st, 2017 just after midnight ... President God Emperor Trump tweets : + +"Despite the constant negative press covfefe" ... that's it ... the stable genius left this tweet hanging in the ether for HOURS. + + +"COVFEFE" is code. + +COV = COVID + +"FEFE" is hexadecimal for 65278 + +65278 is the zip code of Renick, Missouri. + +In the book "The Flags of Civil War Missouri" ... Renick is first mentioned on ... YOU GUESSED IT ... FUCKING PAGE 19. + +COVID-19 CONFIRMED A GOVERNMENTAL PLOT TO DESTROY THE ECONOMY STARTING NO LATER THAN 2017 BY TRUMP HIMSELF. + +PUTS ON FUCKING EVERYTHING ... MARKET TO 0 ... USA SOVEREIGNTY FORFEITED TO PAY OFF $30T DEBT ... AMERICANS FORCED TO EAT MSG IN A 1000 YEAR LONG WINTER WHERE THE WHITE (PRIVILEGE) WALKERS ARE ENSLAVED. + +FIND EVERY $0.01 PUT YOU CAN FUCKING BUY ... ALL IN + +HOPE YOU RETARDS CAN USE CHOP STICKS + +----------------------------- + +EDIT: NEW FLAIR SHOULD BE ﻾ + +EDIT2: In case my due diligence is questioned : + +1. Covfefe tweet -> https://cdn.cnn.com/cnnnext/dam/assets/170531121403-trump-covfefe-tweet-screengrab-super-tease.jpg + +2. 0xFEFE = 65278 -> https://www.hexadecimaldictionary.com/hexadecimal/0xFEFE/ + +3. Page 19, showing Renick -> https://books.google.com/books?id=EPSvPCX8MQQC&pg=PA19 + +4. Trump's new economic plan will get us to 30T in debt -> https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401 + +5. Quora hardline investigative reporting states that MSG is EVERYWHERE for chinese food -> https://www.quora.com/Do-Chinese-restaurants-still-use-MSG-what-is-the-purpose + +6. Trump is probably God Emperor / God at best. At worst, he was chosen by God. -> https://www.amazon.com/God-Donald-Trump-Stephen-Strang/dp/1629994863 + + +FUCKING FACTS PEOPLE. THATS HOW DD IS DONE. +I went all in on monday. I sold my $4 $FIT calls that I placed back in august, took all the profit and put in in $TSLA calls 535 1/17. I was living the life tuesday. I could see the future, lots of drugs and escorts, even my own yacht. I was even ready to drop out of college. Then yesterday happened. I went from ordering the highest priced escort in my area to researching what bridge in my area is the highest. This was my first time doing a YOLO and holy shit it feels good. My dad always called me a retard and now I know he’s not wrong. Can’t tell if I love or hate this lifestyle but something about it just feels right. +“Twitter Inc. is in the final stretch of negotiations about a $43 billion sale to Elon Musk that could rank as one of the biggest-ever leveraged buyouts of a listed company, people with knowledge of the matter said, placing an influential blogging platform under control of the world’s richest person. + +An agreement would cap a monthslong saga that saw Musk amass a stake of about 9%, launch a fusillade of criticism at Twitter’s management, turn down a chance to join the company’s board and then announce a $54.20-a-share offer that many people initially viewed as a weed joke. Twitter was cool on the proposal at first, adopting a so-called poison pill defense that would effectively dilute Musk’s stake, but warmed to the notion after Musk outlined a $25.5 billion debt financing plan from Morgan Stanley and a who’s who of other global investment banks. Talks accelerated over the weekend.” + +https://twitter.com/business/status/1518662280732413955?s=21&t=guTz2riD_WG5CqUzqnXdMA + +My wife and I need a 2nd car. We already own a nice 2018 Honda CRV with less than 30K miles, but when one of us takes it on long overnight trips, the other needs a car to take to the grocery store (3 miles away), gym (5 miles away), or god forbid hospital (11 miles away). + +I can’t imagine it would be driven more than 1-2K miles/year. + +She wants a Jeep wrangler, mainly the top down enjoyment, since we live up in a rural mountain town and love hiking, mountain biking, etc in the warm months. + +The cheapest is $4K on Facebook marketplace (1999 w/141K miles), the cheapest used one on Carvana is $26K for a 2011 with 39K miles. My bank won’t finance either of these options as the car can’t be more than 10 years old to get the 3.59% rate, so I’d have to pay cash for the junker or get a 7% rate from Carvana on the 2011. + +The cheapest option my bank will finance seems to be a 2017 with 90K miles for $33K. + +We can technically “afford” a lot more, but I can’t bring myself to spend anymore than $35K on something we’re rarely going to drive. + +Any tips? Should I be optimizing for low price? Low miles? Low age? +My fear with the marketplace option is that I’d just be sinking a ton more into maintenance than the $4K I paid to get it + +EDIT: thanks so much for the advice! I should definitely clarify some things… +1) a bike is not a year round option, because we live in a steep north east mountain town with snow possible 4-5 months out of the year. +2) uber / taxis are not available in our town +3) part of the wrangler purchase is definitely the “toy” aspect and not all function. I’m aware it has terrible gas mileage and are poorly made. +4) it’s not just the practical need to get to grocery store (so buy a bigger fridge) or go to the gym (so work out at home), it’s more just the feeling of being stuck at home (where we both work all day) and not being able to get out if the other person has the car. We also have a dog and no sidewalks in our town, so we actually need to drive our dog to an area nearby that’s safe to walk her. +5) yes I’ve rented a car for those day trips before, but it still requires my wife to drive me 35 min each way to the rental spot. I’ve also taken the bus, but it requires her to drive me 30 min each way to the bus or 50 min each way to the train. And twice a month with a rental car can be $250-500/mo and add up quickly. + +So if we WANT a Wrangler, what are my best options? +I read this interesting blog post. The reasons why people are happier during the weekends also apply to why we crave for FI/RE. The author explains "would we all be happier if we, instead of jobs, all just had a basic income that would come to us every month to cover our expenses? I think so. I’ve had a couple of mini-retirements in my own life, living on saved money. It is an amazing feeling to wake up every day and to be able to do whatever you feel like doing that particular day. And to know that the next ten days, the next hundred days, will also be like this. I look back at these periods as the happiest of my life." +https://micaelwidell.com/weekends-the-happiest-days-of-our-lives/ +Sup Apes. Long-time lurker, some-time commenter, first-time poster. + +Today's market and crypto bloodbath has to be due to the DTCC liquidity requirements. It may be a sign of something big, but ultimately it's the same something big the failed (and re-failed) liquidity tests were trying to plan for. Good luck with that, market. + +I'd like to briefly open a dialogue about institutional ownership in GME. It went down. So fucking what? We do not have "whale friends," there is no institution, not even the long ones, that wants the MOASS to happen. None; not one of them. Why? Because they are the stock market. This is the game they win every time. They have never lost, they do not want to see anyone lose because that means they're capable of losing. + +What has happened, by having pinned these shorts to their fucking stupid play may actually break the foundation of the stock market. There is no publically traded company, no branch of government, no institution that wants that to happen. + +There is only a group of individuals who happen to have the same goal and are primates. If that group of individuals happened to own more than the entire GME float AND holds, they will have defeated the entirety of the stock market, they will have as many tendies as they wish, and they will stand in the ashes of the most corrupt financial system ever created. In the short term, the world will not be better for it. + +There is no one on the side of "the little guy", no one is fighting with anyone on their side, everyone stands alone, there isn't one happy rocket everyone will be hopping on. It will be a hard, solo ride to the top on a rocket you've assembled with your diamond hands from years of being held at bay, disallowed to understand or partake in the machinations of the rich. But that has changed. + +I am here to break the system. I hope there are others like me. + +&#x200B; + +EDIT: The only catalyst is time. If we keep holding they'll lose places to hide. +This is not a post promoting hodling even though it's the best tactic to use, this is much simpler. + +The word Held in German means hero. So if you Held you are one. + +Thank you for attending my short TED talk. + +I will be back tomorrow with more wisdom. +Without doxxing myself, I've been a CPA (specifically, a tax accountant) in the US for about 10 years. Recently at my firm, I've been included in a small group of professionals forming a network of crypto tax consultants and specialists. As I truly love the crypto community, the best contribution to this sub I can think of is to try to 1) put together a few tax tidbits and 2) to answer every tax question that I can in the comments. Reading alot of comments and posts in the sub, I'm a bit concerned that my fellow crypto enthusiasts are going to put themselves at risk of the IRS by not fully understanding the extent of their activities. Now before I start answering, I'll add that anything I say should be used as a guide to either do further research on your own to understand your tax situation as it relates to crypto, or to acknowledge that your tax situation may be over your head and you should seek out a tax professional. There are tax resources such as koinly, and while I don't use them personally, I believe they are worth the investment - but I also want people to understand their own tax situation to make sure any paid service is handling your situation correctly. + +Without further adieu, here are a few items of general knowledge and feel free to ask questions below and I'll try to answer everything (I'm operating under the assumption this post will generate probably 25 comments, so if for some reason it blows up, be patient and I'll try to get to everything). This will also be entirely US specific, anyone outside of the US, I'm sorry but I'm in no position to give tax opinions. + +1) Your exchange, wallet, etc will likely not issue you a 1099-B for your trading activity, so don't count on getting any help from them, other than your transaction details. This won't be required for a few years and was part of the infrastructure bill. + +2) Every crypto you swap, exchange, convert, sell, earn lending/bonding reward, mine, earn staking rewards, receive airdrops on is a taxable event in the current year. + +3) To emphasize the point above, this includes MOONS. Yes, all of those MOONS you receive via karma distribution should be picked up on your tax return. Same as BAT rewards by using Brave. + +4) The value you pick up on any rewards, mining, staking, airdrops, faucets is the fair market value at the time of receipt. You should be tracking this on your own or using a service. + +5) The amount you pick up into income is now your basis. Basis is "cost". + +6) Mining is considered self-employment income and should be reported on Schedule C, which differs from staking which would be picked up as other income, along with the other items not including selling, swapping, exchanging. + +7) Sending a crypto from one wallet or exchange to another is not a taxable event - though you should track your transaction fees to include in your basis. + +8) NFTs are treated the same way as everything above. + +9) Keep good records. If you do not maintain good records or lose them and are not able to substantiate your cost basis, the IRS could make it $0, which would increase taxes you owe. + +10) Holding period can give tax benefits. If you sell something you've held for a year, it's a long term capital gain and is taxed at preferential rates. Less than a year is at ordinary rates. + +11) You are supposed to report the date purchased, date sold, cost, and sales proceeds of EVERY sell (exchange, sell, swap). Even if this results in $0 gain or loss. + +12) Wash sale rules don't apply, however, selling something and immediately buying it back for tax loss harvesting could violate economic substance rules and on audit, the loss could be disallowed (it would likely be incorporated back into your basis). + +13) Monero won't save you from paying taxes. Nor will boating accidents. + +14) You can trade crypto using crypto/bitcoin IRAs and the gains are tax free, but you can't pull out until retirement. I don't utilize these services, but they exist. + +That's what I can think of for the time being, I'll make an edit if anything else important pops into my head. I hope this and any questions provide some useful information to people in this sub. Best of luck to all! + +TLDR: Taxes are hard, if you don't have your arms around it, seek a professional and bite the bullet and pay. Feel free to ask tax questions below and I'll answer what I can. + +Edit: + +15) Earning rewards via a debit card like coinbase is NOT taxable. It is considered a purchase discount. You would have no income to report and your basis would be the value of the coin when received. + +16) April 15th is a ways away, so you should use time now to start gathering all of your data. If for some reason you can't get all of your data by 4/15, you can file a Form 4868 which will extend your tax due date to October 15th (you still have to pay all of your taxes you expect to owe by 4/15 - the 4868 just gives you time to finalize your return). + +17) To expand on the mining bullet earlier, as it's considered a business, you are able to take deductions against the mining income (equipment [bonus depreciation is your friend], electricity, other supplies). This will offset some of the tax impact especially in the early going. + +18) If you had crypto gains you didn't report from Tax Year 2017 and earlier, it's likely those audit windows are closed, though some exceptions apply. + +19) Staking presents unique challenges as sometimes rewards are earned by the minute. There is no way to calculate income on this by the minute and I consider anything less than monthly to be an undue burden. For my personal taxes, I calculate income from staking rewards, like ALGO, monthly. I take my total rewards for the month and multiply them by a price from coinmarketcap around midnight. I do this consistently with all of my coins and feel it's a reasonable and fair method. + +Lastly, this post blew up with questions, which is great because I'm happy knowing I'm helping alot of you. With that said, it's taking more time than I planned to get to everyone's question, especially with a wife and young kids - but I still plan on answering every questions on this thread, so if I haven't gotten to you yet, rest assured I will be in the next few days. + +Edit #2: A user below pointed out 15 is incorrect in that your basis isn't $0, it's whatever the value of the coin is when received. +Since weird stuff is happening right now.. Bitcoin joined New York Stock Exchange, Bitcoin and Ethereum is coming closer and closer to ATH, Elon is shilling his favorite Crypto coins, everyone and their mother are making Crypto predictions that make no sense and are completly false. + +Please for god's sake, dont take a LOAN to invest into this... and even worse, do not leverage the loan on exchanges, that's pure suicide ticket. +Sell your car, sell your stuff, get money however you want, but skip the bank loan part. + +&#x200B; + +Thanks for coming to my ted talk. +Celebrities have been putting millions into NFTs since the initial boom in early 2021. But with the decline in prices in both Ethereum and the overall NFT market, NFT trading volume has decreased 88%. + +Here are some of the biggest examples. I have only calculated based on the original price the celebrity paid for the NFT. So if they paid 100 ETH, how much was it worth in dollars then, as oppose to now? + + + +[Tom Brady - BAYC 3667 - Down 61&#37; ](https://preview.redd.it/nbz561mgl1u91.png?width=511&format=png&auto=webp&s=b1b09d1bbf085ad86c06821c02251fed2e30093f) + +&#x200B; + +[Justin Bieber - BAYC 3001 - Down 49 &#37;](https://preview.redd.it/00xt95bnl1u91.png?width=510&format=png&auto=webp&s=e538c9bfd63a557001e4c74700d83ee8d945434b) + +&#x200B; + +[Snoop Dogg - Right click guy - Down 71 &#37;](https://preview.redd.it/laqjkydsl1u91.png?width=513&format=png&auto=webp&s=2a2e889e1eaa0a66899e5ff47fc67e8908b2d380) + +&#x200B; + +[Eminem - BAYC 9055 - Down 65 &#37;](https://preview.redd.it/hbobvhcvl1u91.png?width=509&format=png&auto=webp&s=2f0d4906a2494274451863522d70a20aca8f6389) + +&#x200B; + +[Nejmar JR - BAYC 5269 - Down 56 &#37;](https://preview.redd.it/9ciihm8yl1u91.png?width=515&format=png&auto=webp&s=2c29a27a8091ad102aca07e79ba1bf1a1215a0e5) + +&#x200B; + +[Logan Paul - K4M1 3 - Down 61 &#37;](https://preview.redd.it/oh5q74l3m1u91.png?width=517&format=png&auto=webp&s=b7cda7dfcc0d5142176f9a48472563d4bd41092b) + +&#x200B; + +[Madonna - BAYC 4988 - Down 49 &#37; ](https://preview.redd.it/jnj7x4o7m1u91.png?width=498&format=png&auto=webp&s=c2b7dc1bb2a3c6d03c9974bda7a14c44052e3b89) + +&#x200B; + +|Celebrity|NFT|Purchase Value|Current Value|Profit| +|:-|:-|:-|:-|:-| +|Justin Bieber|BAYC 3001|$ 1,301,550|$ 651,080|\- 49.98 %| +|Logan Paul|K4M1 #3|$ 624,669|$ 244,806|\- 60.81 %| +|Snoop Dogg|Right Click Guy|$ 7,088,229|$ 2,083,456|\- 70.61 %| +|Neymar Jr|BAYC 5269|$ 569,531|$ 247,007|\- 56.63 %| +|Madonna|BAYC 4988|$ 466,461|$ 234,388|\- 49.75 %| +|Eminem|BAYC 9055|$ 453,776|$ 160,757|\- 64.57 %| +|Tom Brady|BAYC 3667|$ 453,062|$ 173,187|\-61.77 %| + +&#x200B; + +Not only is the original dollar value down, but the actual offers in Ethereum are significantly lower too. Most of these NFTs were purchased current highest offers on most of these NFTs is way below the amount of ETH originally paid. For example, + +[Logan Paul paid 188 ETH for the K4M1](https://opensea.io/assets/ethereum/0x3bf2922f4520a8ba0c2efc3d2a1539678dad5e9d/717), but the highest offer is currently at 2.1 ETH - a drop of 98.88 %. [Neymar Jr paid 189 ETH for the BAYC](https://opensea.io/assets/ethereum/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d/5269), but the highest offer is only 92 - 51.2% + +If the celebrities choose to sell any of them at their offers, they are accepting fewer ETH and at a significantly dollar value, meaning the loss is further compounded. + +&#x200B; + +But t**hey're celebrities, are they really down?** + +Well, if you can believe articles [like this one](https://nftevening.com/serena-williams-nft-array-now-includes-a-new-bored-ape/), it suggests that a lot of the celebrities received these NFTs for free. So technically they can never be down. +I have an account with one of the biggest, if not the biggest bank in our country. I live in a third world country where not many people are aware of finances and how banks operate. I always had suspicions that financial institutions used this to their advantage, but I never had proof. Until today. + +I am a very cautious fella who asks for an explanation on every matter, especially finance, I am really careful with the little money I have. I try to save more than 65% of what I make since I am still at an age where I can live with my mom. + +I check my account every after 1 or 2 weeks. Recently, I made a withdrawal from payoneer to my local account. As usual, I know my bank takes $6 from every International withdrawal I make. This time though, they though I wouldn't notice if they snatched an extra dollar from my account. + +3 days after receiving my money and them taking their $6, they decided to charge an extra dollar and wrote on my bank statement that it was a government tax from my previous transaction. On my bank statement, you can literally see that they have charged the tax, named VAT, twice, both times taking the same amount thinking I wouldn't notice. + +I called them today, the person I spoke with didn't seem to have an explanation, she just minced words, then said they'll get back to me on Monday. I think they've realized that I caught up with their bullshit, and they are now looking for some bullshit explanation. + +My questions are, since when do they deduct transaction fees 3 days after the transaction?. It has never happened before, why now?. These guys are thieves, I can't imagine how many ignorant people they have done this too. Such a large corporation shouldn't participate in such cheap thievery. + +Be careful with your money, Always check your account, and always inquire about anything you do not seem to understand. It is your money, not theirs, you worked hard for it. I will Inquire about the $1 until they return it or give a really reasonable explanation as to why it is missing. These greedy bastards will return my money. +Jeff Bezos once said “Treat Google like a mountain. You can climb the mountain, but you can’t move it.” + +He said this because of how powerful Google’s moat was against its search engine competitors like Bing. His approach to Google’s moat still holds true for the next 20+ years against other search engines. However indirectly the moat can be threatened without a competeting search engine because of a growing ad space industry. + +Allow me to illustrate how Meta got to where it is, and why it can parallel with Alphabet. + +Meta has competed against so many social media sites like Tumblr, Vine and today against Tiktok which arguably is the most threatening competitor today. It’s managed to remain to the top social media company in the world with 3 billion users worldwide. It’s likely to keep the number 1 position, yet suffer the biggest financial drawdown it’s ever seen. + +Recently Meta has been threatened by the Apple iOS changes for user privacy, government regulation, and post 2021 the slowing demand for ad service. Probably the largest threat against Meta is itself for the pivot towards the Metaverse which is not clear if it can one done successfully. This all cultimated because its ad service business model is threatened by too many factors. + +In comparison Alphabet has 4 billion users world wide for all its offered services. It’s faces similar challenges to Meta for except the threat of Apple or itself. Despite this, Alphabet investors should consider that the fate of Meta is not immune for Alphabet and in the coming decades. Just like how Apple trounced 10 billion off of Meta’s balance sheet, what if the government did the same in a larger scale for the US v. Google antitrust case. If Alphabet cannot win this case it sets a large precedent against the company and its industry handicapping its potential growth with tighter regulation. + +That’s not even the worst of it! We are in a new era of advertising where every company wants to expand into ad service. Walmart and Apple recently have expanded their ad services. With more companies being added on to this list like Amazon, and Tiktok. I am aware that Tiktok or Walmart is not directly a competitor to Alphabet but in reality it’s becoming a threatening competitor as time will show. More companies can steal this market share with their services that retain user attention span and offer more efficient ad space. The Industry of ad service is stagnating revenue growth because its too competitive and it's affecting Meta equally as is Alphabet despite macroeconomic conditions. + +It might be worth asking why would a company choose to advertise on Youtube or Google search if they know they can get more sales centralizing their advertisements on websites that have higher success for product sales. This could be for many reasons like they know their target audience is more reachable on XYZ website or app than a google search. Perhaps people are more likely to have an adblocker activated on a Youtube video over a top search result on a e-commerce website. + +In the end Alphabet will likely be fine in the coming years. But do not think Google and Youtube is not too big to stagnate in this increasing competitive environment where everyone wants to become an ad service company. If it’s threatening enough, you will see Alphabet pivot just like Meta did to keep it’s company growing. This might mean sacrificing free cash flow. + +Over 80% of Google’s revenue came from advertising where as Meta had over 90% revenue from advertising. Alphabet could be the next to pivot with its centralized advertising business model. + +Edit: People are not reading my post right. Im not saying Google will be extinct or obselete because some other tech will surpass it. What im saying is that Alphabet in the forseeable future might pivot like Meta did because its legacy apps were not sufficient in providing long term revenue growth. Google and Youtube could face this in its growing competitive market for ad space. Will Google die? No. Can it stagnate and grow less, yes. It's up to Alphabet to decide if it remains a growth company or a legacy value company. +My mother raised me solo and had been not having enough money saved for retirement, she had been working into her 70s. Her car broke down recently and to surprise her, I was able to buy a new one for her thanks to being a long time hodler. + +The amount of joy that brought both of us is worth the world and then some... all because of a conviction I had years ago to start stacking SATs. + +Keep at it ya'll! Just wanted keep this short and hopefully encourage the community. + + +I found this fascinating. I'll keep this short but I thought this group might appreciate it as well. + +I was doing some light reading on wealth inequality over time and found this gem. There was a presentation on wealth inequality that predicted total wealth based on reported income and estimate returns for each asset class. The thing that stood out to me was that wealthy individual were not getting any higher return on investments than the rest of the country and there was an interesting chart on Savings Rate (SR) for each wealth percentile. They related Savings Rate to Wealth accumulation over time. I think this is directly related to living off of investment income and achieving financial independence. + +&#x200B; + +Between 1913 and 2013: + +* The bottom 90% maximum SR was \~7% in the 1940's and 1980's +* The top 10-1% maximum SR was 35% before 1920 +* The top 1% maximum SR was 50% in the 1980's + +Presentation: + +Wealth Inequality in the United States since 1913 + +Emmanuel Saez (UC Berkeley) & Gabriel Zucman (LSE) + +October 2014 + +Link to presentation (see slide 42): + +[https://eml.berkeley.edu/\~saez/SaezZucman14slides.pdf](https://eml.berkeley.edu/~saez/SaezZucman14slides.pdf) +The dominance of these legacy coins are dwindling with each passing year and that is a great news. No singular coin should hold the power to dominate the entire ecosystem. + +And with increase in adoption amongst the newer users coupled with the thriving & buzzing developer ecosystem ensuring that new projects with newer use cases always comes up- this sure paints a very bright future for all of us. + +Ethereum still leads the market with 80% dominance in the smart contract platform but other projects are slowly catching up to the speed not necessarily intending to replace it. + +Polkadot with $40b market cap, Solana with $60b market cap, Avax with $30b, Algorand $11b, Cosmos with $7b etc are all making greater strides towards achieving a variety of newer business cases. + +Even ethereum with all its L2 protocols is trying to make our world more inclusive by making a variety of use cases feasible (mostly by making the platform scalable). The current gas fees on most of these L2 platform lies between $0.15 - $0.50 and with time & updates this will only improve. + +All said- these reduction in dominance is very good for our ecosystem. It represents that we as a community are growing. These dominance numbers should and will decrease with time because our community should and will grow with time. +Look back at the SOLO posts in this sub. So many people said sell at $3. So many people doubted it. The vast majority shit on it, basically, and the subs post history alone proves my point. + +Today I closed 5 figure profits because I’ve been holding since $1.39 and ignoring the bear talk from GNUS, IDEX, and XSPA bagholders. + +I’m not trying to swing my dick around - this post is for those of you new to investing who may rely a little to heavily on subreddits like this one to make your decisions. I would have lost a ton of money by following the consensus here. This is a good place to find the tickers - but YOU need to do your own DD, your OWN research, develop your OWN strategy and PT, and most importantly trust your gut. That way, if you fail, you can figure out why and not make the same mistake again. There is nothing more pathetic then saying “yeah, I lost $5k because a bunch of redditors typed 🚀 a bunch of times and I trusted the emoji.” + +Trust your gut, learn a lot, and good luck to everyone in here! +Like the language of the page of a book enables you to create a new world inside your mind. The metaverse is a place, limited only by human imagination. There are people who hold their entire network and self-worth online and if it were destroyed, they wouldn't even know who they were. The metaverse isn't a new innovation. It's an extension of what has been happening for people using symbols to represent ideas, and a space, that gives other people the ability to explore them. The beginning of the metaverse of adoptions started with cave paintings much like the language of the page of a book enables you to create a new world inside your model.\~ JoshTerry. + +*Metaverse may have become the buzzword only recently, but it is well-known Tim Berners-Lee invented the World Wide Web (www) in 1989.* + +[https:\/\/www.cnbctv18.com\/technology\/explained-the-history-of-metaverse-12015212.htm](https://preview.redd.it/d6cddb1gx2j81.jpg?width=1200&format=pjpg&auto=webp&s=771c23fa07f1072eae6198dac7cd690f02598931) + +The meta verse experience has existed for a long time. Games like Rec Room , Club penguin , second life , pop tropica ,VR chat, world of wildcraft . The list goes on and on. + +Facebook meta campaign talks as if this is a new revolutionary technology that is going to change the world when its already been here for a long time. + +Another stupid thing was online concerts and party and you had to buy clothes for your virtual avatar which were NFTs. Yes, you would own a jacket or a shirt virtually which you would have paid for with real money so you could attend a virtual party. + +With Facebook losing trust with you know all the data stealing stuff , they have nothing left so they had to rebrand and get into Meta. The Metaverse being connected to crypto and Nft already has a audience. +I feel like everyone knew it will fall hard today because there wasn't much whipsaw at the open. I read every possible news before the market open and managed to miss. Is there any rationale behind todays drop and how to predict it in the future? +I'm a college student and in May I will be getting my B.S. in Finance. Back in October/November, I kept seeing online that students "can never apply to jobs too early" or that students in the finance and accounting industry need to apply in the fall. So since last October I've been applying to jobs on and off, more heavily in the past month. I've applied to regional banks, the federal reserve, accounting firms, national banks, and larger companies both in my home town (it's a large US city on the east coast) and out west in places like Denver and Portland. The positions I've applied to are either internships that may be turned into full time positions or entry level positions. Realistically, I've applied to over 40 or 50 jobs. + +I haven't received one response... Other than selling life insurance, no one has showed any interest in me. I'm really hoping it's not my resume (packed with extracurricular activities that are finance related and 2 internships). Should I not expect recruiters to call until March or April; about a month out from when I'd be able to start working? Or should I rethink my strategy? + +I know some of my peers have received interviews or job offers, but this was either a continuation of an internship or something in a small town, or sales. + +Thanks! +I’ve been trading for a few months after studying it for awhile. I know what to do and I make some really great trades. My losses are usually poorly executed and just a momentary lapse in judgement. I usually start off really well, and then I lose focus and make some dumb trades and usually lose my gains. + +Does anyone have any tips to overcome this? It’s like I’m self sabotaging myself because I don’t believe in myself. + +Edit: Thank you for all the responses. It’s nice we have such a supportive community. + +Edit: I have come to the realization that I just need to stick to what I’m good at. I try to trade everything I see, BS, SS, BO patterns, Parabolic movements and should just stick to what I’m good at, find my edge, and perfect it as much as possible. Thanks everyone for your help! +Wanted to continue the original thread [https://www.reddit.com/r/StockMarket/comments/gcgns0/airline\_stocks\_crash\_monday/](https://www.reddit.com/r/StockMarket/comments/gcgns0/airline_stocks_crash_monday/) about the Airline industry. Major hits for JETS ETF, DAL, BA (etc) last few days, and we are at new lows again today. How much lower do we go? +So loopring are launching their own NFT - you can view info here. + +https://www.loopheads.info/ + +Here’s the text for those that don’t want to click links, and the most interesting part. + +“01 / THE FIRST DROP +​ +The first drop will take place at the end of January 2022. +Anyone who uses or has used our new direct-to-Loopring L2 fiat on-ramps will be eligible to receive one of the first 1,000 NFTs. +Eligibility dates will be: December 21st, 2021 - January 25, 2022 +​ +500 top addresses (in volume) to use the on-ramps during Eligibility Dates will be airdropped 1 NFT to L2 +470 random addresses (by lucky draw) who used the on-ramps during Eligibility Dates will be airdropped 1 NFT to L2“ + +So my take away from this is that fiat onboarding will be fully up and running, but more importantly the NFT feature needs to be fully implemented and running flawlessly by then…. Jan 25th. + +Right when the big GME cycle is due to go boom. + +Cohencidence? +Hi all, + +Im thinking of getting a private hite taxi license in Bristol, whats the atmosphere like for earning money as a taxi driver for a side hustle? + +I would like to make around £500-£700 a month - after expenses/tax, is this realistic? Main reason for this is to pay off debts and then save up for a house. + +I’m looking to either spend 15/20 hours doing this over weekend, or 3/4 hours each day after my main 9-5 job. + +Is this achievable!? +So I've earned c.£12 (lol) from royalties from streaming services as an artist, and the distributor I used is based in the U.S., meaning I'll have to declare that money to the IRS. I believe there's an income tax threshold in the U.S. that I'm obviously nowhere near breaking, but obviously I still need to declare that money anyway. If for some reason I do get taxed in the U.S., will that money also be taxed in the U.K? + +Probably seems like a stupid question, but I'm fairly new to this side of the music industry. +Saw this ad for this financial service callwd Bobbob. According to them, what they pretty much do is lend your money at higher interest to government entities etc and give you a big chunk of interest back so kinda what a bank does just more interest. + +Has anyone here used it? Thinking of keeping my emergency fund in it if they're a legit business. +Hi! + +I've been working a new job (salary + super) for the last 3 months, and I’ve been noticing on my last 3 payslips there’s consistently been $0 under superannuation contributions... similarly nothing from the company when I directly check my super account. + +Before I write an angry letter to payroll; is this actually fishy or is there some kind of buffer between being a new hire and when the contributions show up? At my old job (also salary + super) they showed up immediately on the payslip from the first month I started! +So I started an online business a couple years ago making YouTube videos, and it has blown up to the point where I am making anywheres between $25,000 and $60,000 per month. This has come as a huge shock to me, and I haven't really done anything with the money yet. I've amassed about $200,000 in total, with about $40,000 of that currently invested in Index Funds. + +SO, I've got about $160,000 in a savings account, and am making probably an average of $30,000 a month. I expect this business to last me for the next 3-5 years. My question is how can I invest this money so that it lasts me the rest of my life? I've considered investing more into index funds. I've also thought about going into real estate. + +All said and done, it's awesome that I'm making this money, but I'm just so worried that I'm going to make a mistake because I'm very young and uneducated. I'm just looking for a little guidance on what I should do. + +Edit: can't believe I forgot to mention this but I have all my money going into a corporation right now. I can take out 30,000 a year in dividends tax free but the rest is just sitting there. Technically I am not making any income, it's just all my company that is making the money which get taxed at a lower right + +Edit 2: To the people saying I'm full of shit, this is a throwaway account. I don't want to be recognized because I don't want people to know how much money I personally make. +Hi my dad has had cancer (in remission) and has MS. He works really hard, doing lot's of doubles almost every day (6 am to 10 pm) and has worked triples and even quads! He gets paid a lot from the overtime but it is taking a major toll. + +We have had family interventions (some other relatives and myself) but his way of thinking is that he may only have health enough for these few years to put aside enough for money for my mom and me and he won't listen to anything else. + +My way of thinking is that he has enough money for early retirement now and to stop and work on his health. He turns 55 in Dec and has been with his job for a long time. He says he could be eligible for that but that he'd only get a small portion (30% I think) + +From what my mom has told me he has 3 rental homes paid off or nearly paid off. They would be worth like 750 thousand if he sold all of them and our house is paid off too. But he wants to keep doing overtime to get it higher as he "never wants to have to work again" and he is also concerned that he can't get or afford medical care which I said that he could now that laws have changed and that from some Google searching retirement is about living on as little as possible and so they'd qualify for better/cheaper coverage. + +I said he should see a financial adviser too but he said they only work on commissions and would try and sell them on something. + +I'd love to see him retired the day he is eligible after his birthday. His job has many emotional aspects involved as well, Boss is kind of bully to him. And every night he comes home I can see him just totally drained and he only has time or energy to sit and watch tv and not work on his health. + +Could that money last 30 years if he put it into stocks and bonds or something? He is not a good landlord and only gets about 2,700 a month off the properties and I've told him he should sell with all the tenant heartaches it causes him as well. + +They are not spenders and are very frugal and I understand why he's doing this, but what good is it if he is not around, or not healthy enough to enjoy it? + +Do you think he'd be a good candidate for early retirement? Any advice would be very appreciated! +Basically, im 21 years old and from the age of 18 I've had a gambling and spending addiction that has got out of control. + +After starting an apprenticeship, earning £400 a month and trying to pursue a typical 18 year old social life (going out 4 times a week) on top of my gambling addiction, I ended up taking what I thought was the easy way out instead of speaking to my parents, and applied for payday loans. At the start it was £40 to see me through for the last few days of the month, this has snowballed and now that even though im earning £1350 a month after tax, im still in an endless cycle with payday loans. + +Im over 10k in debt that is split up in to: + +3.6k on one CC (Maxed) - I pay this at £90 a month +2.1k on another cc (Maxed) - £60 a month +£750 on another cc (Maxed) -£50 a month +All of these are at 19.9% APR + +1.8k to a payday loan company over 10 months - £187 a month +£350 to another payday loan company, over 3 months - £112 a month + +£2000 to my Mum, who has tried to help bail me out but I've already squandered that - £225 a month + +Ive recently moved out with my GF too, so I pay £80 gas and electric, and £105 council tax, as well as £33 a month for my phone contract. + +The day I get paid, my account is basically drained. I'm really wanting to turn this situation around because im scraping by month to month because of how I messed up my finances when I was reckless. + + +Whats the best way of tackling this? Is there anything I can do to freeze payments for breathing room? Ive already trashed my credit score (its sitting just below 200) so a debt consolidation loan is out the window. + +I just feel like im slipping further and further in to a deep hole of debt because I lack self control with my spending. + +Any help/advice is greatly appreciated. + + + +I earn £135 + + + + +Hi, + +I am in a research of using a backtesting library to test my strategies but I realised that people tend to build custom tests than using one standard backtesting library. Why is that? +In TradingView Strategy Tester: + +For example, I want to enter on a specific price the moment it reaches 5% up, at exact price. Is there a way to enter on the middle of a bar and not on the close/open? + + +Thanks in advance. +All these companies walking away from huge $ of assets from McDonald's to Volkswagen and Putin seizing them... won't they have to write down their value ? 850 locations avg book value (say) $500K = $400+M ? (and 130 Starbucks and a giant Volkswagen factory and ...) + +what about their lenders ? what banks have big exposures ? + +disclosure: I'm short Deutsche Bank (DB) because they're so screwed they *can't* divest, claiming it's "[not practical](https://www.google.com/search?q=deutsche+bank+russia)." +How's your FatFIRE so far? + +\- How much net worth you accumulated? +\- What's your not-so-guilty pleasure? +\- Asset allocation (%) between Stocks/Bonds/REs/Cryptos/Cash? +\- How you spend your days now? +\- Are you collecting anything? +\- What's your one BEST advice for people recently turned FatFIRE? + + +My own answers: +\- 20M+ +\- Massages +\- Stocks(91%)/Bonds(0%)/REs (8%)/Cryptos(0%)/Cash (1%) +\- 2 - 3 meetings a day. The rest spent with family. I don't hate my FT time to quit yet. +\- Leather bags, high quality clothings +\- Don't buy rental properties. I really don't want to take care my tenants especially when I'm old. +My dad revealed yesterday that he's invested some money with the broker firm Bitfinity FX. Since Jan it seems that he's made a large profit on his investment and has been reinvesting the regular dividends that the account provides. Overall it just seems too good to be true. + +Red Flags: It sounds like he heard of the company on "AOL" which I worry means it might have been an ad. The broker he spoke to on the phone mentioned in passing how much you could make if you got out a 100k loan from the bank and invested that. He sent the money to his Monzo before sending it over in case his bank flagged it as susspicious. Their website and especially YouTube content appear low quality. It is hard to get solid information about the company, where they're based, how they're regulated etc. + +He's is not an expert on this stuff and neither am I, but I know that there are a lot of forex/crypto broker scams going around online and it is difficult to get straight information about it all. At the moment I think it's a scam and I'm fairly concerned. I've always seen good advice on the UKPF Reddit so I thought I'd come here for your views. + +This week I saw some guys at the office staring at a graph that looked pretty familiar to me. They were looking at the year graph of shiba inu. One of them told the others he is going to invest €50 into shiba because if it goes to 'even' €0.01 he will turn it into €20k. +I could not hold myself back so I stepped forward trying to explain to him that if shiba would go to 0.01 its market cap would be like $5T because the coin supply of Shiba inu is just so absurdly high and then there would be more money in crypto than there is in the entire world with stocks and everything. I also told him to check out the graph. You could clearly see a large spike in april/may and now a large spike again. In between nothing happened with Shiba at all. So I asked him what he thinks will happen to shiba this time. Obviously an equal drop as in May is way more likely than another pump. +He just said well it's only €50 if I lose it it's fine but it could go to at least €20k. +The crazy thing is he told me he already has an account on Kraken and is investing in Crypto. He just needs a new account at Coinbase because Kraken does not list Shiba. So this guy is already part of crypto and has no idea about Market cap, coin supply etc. + +Edit: Thanks for all the upvotes. Never got that many on this sub before =). +A lot of you mentioned market cap means nothing, it's only a number. But I do not think that is true. I think it gives you a good perspective on a coin. I guess we can all agree that btc and eth will stay the big boys for the next time. Thus Shiba going to 4x the market cap of btc in a moon shot is just not going to happen. This is btw not even calculating in inflation by increased supply. + +Edit2: I never meant €5T is more than the entire money in the world. I meant for shiba inu to reach €5T the entire crypto market has to pump so hard that there would be more money in it than in the entire world which I think is reasonable when we assume there is like €100T in the world and the total m cap of crypto is around €2.5T right now + + +tl;dr we are still so early guys. Even some people invested in Crypto have zero knowledge about it +Avalon took over 150 BTC from me for a batch 2 order of two machines. I never received them. I have had an open ticket on their website for almost a month and a half and have gotten no response. Please upvote this as support in getting a response from them to get this resolved. If they wont provide support to their customers who trust them with irreversible bitcoin transactions, then people should be aware of this risk when attempting to buy the products they advertise. + +See others who are getting stone walled by Avalon, I am not the only one: +https://bitcointalk.org/index.php?topic=261465 + +Inherited around $3m. $500K is in an IRA that will need to be withdrawn over the next 10 years. I met with an Ameriprise planner today and set up an account and paid the initial $2,500 fee. No money has been transferred yet and I’m having second thoughts. + +I am in my early 50’s and have $100K in my company 401K. $10K in an HSA. $100K in a Capital One savings account, $15K in my regular savings account. $10K in ibonds. + +I have a mortgage of $240K with 29 years remaining at an interest rate of 2.99%. Home is appraised at $500K. + +No car payments, or other debt. + +My annual salary is around $100K. + +I really want to make the most of this to be able to possibly retire in the next 10 years. + +Any advice on Ameriprise, or other strategies/plans would be greatly appreciated. Feeling very overwhelmed. Do not want to discuss financial matters with anyone that I know IRL. +We are about to receive a windfall of $29,000.00 and my husband & I don't know the smartest thing to do with it. We don't know much about finance beyond; no debt is ideal but good debt is okay & bad debt is bad. I know its smart to invest & I have always heard that anyone can start investing with as little as say $1,000.00. But I dont know. + +I would like to paint a little picture of our finances & get some advice as to what we should do with this money. I feel like its enough that it can change how we live if we make the smartest moves with it. + +So, we are a family of 3 living in a low cost of living area in the Midwest & we bring in between 50-60k a year (just depends). We work in my families business with a big stake in the company but we are not technically owners. We basically live pay check to pay check, even though if we tightened the budget up I know we wouldn't have to. Our only debt is our mortgage which we owe $31,000.00 on. We don't have any other loans & we don't really have any credit card debt to speak of, maybe a couple thousand once in a while. We only have about $4,000.00 in savings. + +We live modestly, our home needs work done to it. We were in the midst of major remodeling when my husband was injured in a motorcycle accident a few years ago & we never really finished- he deals with a lot of chronic pain & never got back to his old self. Our house is currently valued at like 70k, its a very old Victorian 5 bedroom house on half an acre of property. We feel its important to get the house finished/updated. We need a new roof after some wicked wind storms that happened this summer, our insurance would only cover a portion of that. There is also a tree growing thru some old cracked iron plumbing pipes that need replaced but we have been putting that off forever because of the expense & instead just have to route the plumbing semi annually to clear the pipes of roots. + +Our vehicles are in good shape...I can't really think of anything else relevant to add, our home is our only asset. Do we throw this money at our mortgage & be 100% debt free? Do we throw this money at home repair/reno to increase the value of our home? Do we invest it? Do we do some combo of any of these? + +Any advice would be appreciated, don't hold back. Thank you. +I'm so worried about graduating and going to college or not and my future and stuff and i just really need help or reassurance or a plan. I just want to earn enough to fulfill my life dreams. Even 50k a year would be amazing. Any job making good money + +What steps or things can I do to make sure I won't be broke in the future? +So here’s my story. I just started working again and have about 5k in savings. I earned around 60k in my early 20’s but wasn’t able to work for a while due to personal issues. I have no 401k and just started a job where I make 35k a year (I should have asked for a little more when they offered but I was so grateful for the opportunity I just accepted) next month I am able to start contributing to my 401k they do 50% match up to 6% for a total of 3%? I’m considering maxing out my contribution. Currently I pay $800 a month in rent (have a roommate) 326 car payment $200 car insurance plus expenses for food ... I need to figure that number out .. am I totally screwed for retirement? I’m so nervous and anxious about it all.. any advice is greatly appreciated ! Thank you! +I graduated May 2018 with $60k of student loans. I lived at home for a year and managed to save about $10k. I had an OK job making $20/hr and didn’t have many expenses. + +I’ve now landed a great job making $60k/yr but will be moving to a new city (paying rent) on June 1st. + +As far as I can tell, my 10k savings should be my ‘emergency fund’ and I shouldn’t do much with it besides maybe some very low risk investments? + +For my upcoming monthly expenses I’m expecting: +- rent+utilities ~$1200/month +- groceries ~$600/month + +I know there will be some more expenses I’m overlooking but I will say I’m pretty frugal and don’t really spend money on much else. + +My questions are: + +- How do I tackle my student loans? I expect a salary increase of 10%/yr and a bonus between 10-20% of my base salary every year. + +- What should I do with my $10k savings? +Hi all! What are some things I should know regarding buying land with the intent of building a property on it in the future but for the time being, living on a trailer I buy on said land? Anyone familiar with the overall process this entails from start to finish? Any good resources for someone like me wanting to do this? Thank you! +Next winter my wife and I will be buying a second car for her to commute to/from school. We are able to afford monthly payments so no questions on that side of things. My question is, is it harmful in any way to put too much money down on a car? We will be looking at a 1-3 year old certified preowned car less than $20k. Would there be any drawbacks to putting down as much as $10k on the car? Ultimately we are trying to limit the amount of money we pay interest over the life of the loan (looking at a 4 year loan currently), as well as lowering monthly payments. + +Side note: buying an older car outright with $10k isn’t an option for us due to her needing a very reliable car, preferably still under warranty, as school is the most important thing and she can’t miss class if her car were to break down. +I am looking at a car now that will cost me around 35k. Taking into account my salary and my savings, is this price reasonable for me? Or should I get a cheaper car and save to buy a better one in a few years? I do need a car very soon, and this one for 35k has really caught my eye +I'm thinking about buying into voo and vti. Never bought any funds b4 still 100 percent newbie. I got about 30k in cash for everything else but not sure how to distribute the 180k. 27 male, kinda late to the game since I literally just discovered index funds and warrent buffet on youtube. Need legit advice. +Hi all, I'm 28 with a partner and a baby who normally just about gets by with our wages (have a mortgage). I recently came in to some money through a lucky bet - about 7 grand. I want to do something with a decent portion of this money to save for my family rather than throw it away on silly things. My partner has suffered with breast cancer this year and has nearly finished treatment so I would like to take her away after a horrible year so let's say that costs about £500-£1000. +This would leave me with about 6 grand, some of it will be needed for bills and general family life but I could probably put a few grand into savings accounts, premium bonds or invest it into things like stocks. I'm not particularly knowledable on financial things and have never had this much money so would like some advice on what people think might be the best course of action! Thanks! +Superstonkers, + + +The time may be nigh. Trust me, bro. + + +Nah, I'm going to source it, and my ideas are mine and mine alone. + + +Unlike many people here (and the seeming wider population,) I do not believe in an RMBS crash a-la-2008. ARMs in particular drove the 2008 MBS implosion, but that is a whole other topic/post/whatever. + + +One of my personal plays is a stock ticker of ORC, Orchid Island Capital. They are a leveraged \*(shudder)\* RMBS REIT. They are federally required to pay out 90% of profit to their equity members annually (shareholders included. + + +If you look at the chart, they have been crushed in the past 5 years: + +[$ORC 5-year chart | source: Google](https://preview.redd.it/zsid1ksfr0r91.png?width=670&format=png&auto=webp&s=ebf46916db8e03a0cecece4ca5e028b92a832a22) + +&#x200B; + +Now here is the average mortgage yield for the past 5 years: + +[5-year mortgage chart | Source: Freddie Mac](https://preview.redd.it/0m6a70d1s0r91.png?width=791&format=png&auto=webp&s=82f7313d6120f8f0cb8c8a9d0f0797ee2ab78e23) + +Now you can see why their price has been on a downtrend and the public perception of a back-to-back 2008 has shoved it further down, if they reverse, it's soaring. + + +Keep in mind it takes approx. 3 months to package and offload MBS' + + +BUT WHY ARE YOU SAYING THIS ON A GME SUBREDDIT!?! +Reeeeellllaaaxxxx. I just wanted to explain my thesis for a few reasons: + + +1.) ORC has a tiny outstanding (35.250mm) and a tiny market cap ($294mm) +2.) How I came across this problem fairly organically +3.) The problem at hand + + +Yesterday, I was supposed to receive a dividend of $0.16/share from the august distribution (ORC does a 30-day post-dividend payment. + + +I never got it. + + +Here's how it usually goes: +Mid-month: Announcement of the dividend, the amount, and their portfolio/ basic financials. +End of the month: Pay the dividend to the DTC +End of next month: The dividend is disbursed to the shareholders. + + +Yesterday, as I mentioned, **I never received my dividend**. The stock cratered 10% on this because obviously, it was worrying. ORC released a statement, and it goes as follows: + + +>"VERO BEACH, Fla.--(BUSINESS WIRE)-- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) has become aware of an issue with stockholders of record of the Company’s common stock on August 31, 2022 not receiving the full monthly cash dividend for the month of August 2022 of $0.16 per share that should have been paid on September 28, 2022. The Company fully funded this $0.16 per share dividend by making payment to its transfer agent prior to September 28, 2022. The Company understands that an inadvertent administrative error at DTC resulted in brokers not receiving the full amount of the dividend. The Company is working to resolve this issue as soon as possible. " + +\[Source\]([https://www.orchidislandcapital.com/news/news-details/2022/Orchid-Island-Capital-Alerts-Stockholders-to-Dividend-Payment-Issue/default.aspx](https://www.orchidislandcapital.com/news/news-details/2022/Orchid-Island-Capital-Alerts-Stockholders-to-Dividend-Payment-Issue/default.aspx)) + +If you do the math, $0.16 \* 35,250,239 = $5,640,038.24 + + +The money was paid out on August 31st, 2022. + + +>But u/corrode1024, What does this have to do with GME? + + +Well, this is where I'm not certain if I'm correct, but if you look on a calendar: + + +The Splividend that the DTCC committed securities fraud with happened on July 21st, 2022. + + +* T+2 settlement (nonweekend) is July 25th, 2022 +* T+35 FTD (calendar) is August 29th, 2022 +* T+2 Settlement (nonweekend) **August 31st, 2022** + + +Did the DTCC need the cash so bad they couldn't pay out the $5.6mm 30 DAYS LATER!?! + + +This, combined with the DD in general that Citadel and Co. are running out of money. Originally, they had GOBS of cash to wait out this problem, and Citatel recently borrowed $600MM, the assumption was to stay solvent amid this bear market *plus* the GME shorting. + +Burning cash is perfectly acceptable *until you run out of money.* GME is burning cash rn to expand and pivot, but they still have CASH. + + +I'm not sure what this means exactly, but ORC CONFIRMED THEY PAID TO THE DTC. It was claimed an admin error, but at this moment, I DO NOT HAVE MY CASH DIVIDEND. + + +It may be upon us. Buckle up. +In short I predict Jerome Powell and the Fed are talking a tough game on inflation, but will soften later this year leading to a market rally. I also believe we will have a minor recession at worst. Putting this here to refer back to and see if I was on the money. + +# + +# > What Will Play Out This Year + +The Fed is jawboning markets down to cool inflation without having to actually jack interest rates up. This is because they can't for an extended period of time. The US government has too much debt to afford large repayments. Furthermore it will become difficult to complete treasury auctions when the fed is selling not buying. + +**The Fed doesn't want to kill stocks**, Powell loves the stock market. + +In practicality his purpose is to keep debt borrowing costs as low as possible for the US government. This Fed has constantly erred on the side of accommodative, they cut rates in 2019 when there was barely an excuse. They will jump on any excuse to drop rates and print print print. The only time they cannot is when inflation is so out of control it's pissing people off. They're not different people now, they just are talking different. + +**Powell faces 4 dragons right now:** + +1. Post-covid supply bottlenecks, +2. Elevated food/energy from Ukraine war +3. Supply bottlenecks from China lockdown +4. The inflationary echoes of the covid printing bender and stimulus + +Notice something? + +All 4 of those will resolve by themselves at some point. While we're not going to wind back the past inflation, we are on trajectory for it to come down. Last month on month reading was .3% or 3.7% annualized. Considering current events not bad. Many leading indicators I use are rolling over. + +Inflation will remain elevated for a couple years because the Fed is half heartedly tightening with negative real yields and minor balance sheet reduction. But in order for inflation to keep going up, prices have to keep going up from their current elevated levels. In the near future the 4 dragons will begin to die and this will only help. + +**Therefore later this year I expect a softening from the Fed** after a few good inflation prints. This will cause a rally in stocks, not breaking all time highs but higher then now. It doesn't mean we're going back to the 20/21 era, the fed will not be going crazy like that again for a long time. But it's going to look a lot rosier then now. + +This means **depression fears are also overblown**, the problem is valuation like the dot.com crash, not a liquidity crunch like 2008. We still have an extra $5t floating around on the feds balance sheet and negative real rates. Borrowing at 4% while inflation's at 9% is a good deal. We may have a technical recession given difficult short term economic events, but it will be mild and short lived. + +# + +# > How To Make Money + +**Big money is sitting in cash**, the money isn't gone and the cost of borrowing money is still below inflation - making margin loan expansion likely. This means at the first sign of clear skies later this year we're going to get a big rally as liquidity rushes back in. + +As predicted **Hypergrowth is oversold** and there's quality names trading at attractive prices. This is the worst time to buy inflation or recession hedges as they're already overbought. Trade the cascade as sectors collapse one by one, buy what has collapsed, don't sit in what will collapse. Don't overpay. + +As outlined in a past update, developed nations have no choice but to devalue their currency through persistently elevated inflation. Emerging markets really don't have our inflation problems for the most part since they didn't print. So **EM is about to have an era of outperformance** in stocks and bonds as it enjoys a greater share of global consumption. + +Calculating for inflation, real GDP growth and additional cash on the Fed balance sheet the **fair value for the S&P 500 is around 3800**. Anything below that is a steal considering I doubt we're going to have a major economic collapse. + +In bear markets correlations become 1. Meaning everything falls in unison by sector, regardless of which companies are actual stand outs. There's too much going on for accurate pricing. When investors panic every bad event that could happen is more then priced in. I always try and buy on panic. **Incredible mispricing's are being created right now, buy them**. + +So in short BUY GROWTH STOCKS. The good ones. + +# + +# > What Stocks I'm Buying + +* **Shopify ($SHOP)** \- Anything below $300 is a steal. Look at what it will be not what it is now. +* **Sartorius ($SRT.DE**) +* **JinkoSolar ($JKS)** \- Will double on a China rally. Not a huge fan of China so don't hold forever. +* **Austal** ($ASB.AX) +* **Emerging Market Local Currency Bond ETF** (**$EMLC)** +* **India ETF ($INDA)** +* **Indonesia ETF ($IDX)** +&#x200B; + +https://preview.redd.it/cpf9x25bdct81.jpg?width=1125&format=pjpg&auto=webp&s=051094ce2a8332b972c1d0d0f4dd785ea99d1baa + +So most if not all have seen the post on the front page about insider trading going on with Conbase, now to some this isn't news but to others it's been eye opening. So now that you know this information are you planning on changing exchanges if you were using conbase? + +Now this is probably going on with every major Centralized exchange due to the fact that people are greedy and will take advantage of any opportunity to make more money. what options do we have? + +I have some stuff on Conbase and am planning on moving it to a non-custodial wallet this week, I had planned to leave it in Conbase to be able to sell easily but with the way the past couple of months have gone I'm just going to hold it for a while. + +TLDR: are you ditching Conbase due to insider trading that has come to light? +I been in this game since 2017 and the red wedding that followed. Trust me when I say nobody knows anything in this space. Its easy to see a bunch of confirmation bias and an echo chamber of feel good sentiment about the future but nobody knows what the hell they are talking about. Everyone is just taking a shot in the dark with their predictions. Stay safe. + +Thats all. +I heard from a couple of colleagues that they like to keep about $10k or more in extra cash/savings for “downtimes” or “market corrections”. Example: March/April 2020, they invested $10k instead of the normal $1k that they normally would. Is this a mistake (waiting for a downturn)? Or is it better to increase the monthly dollar cost averaging amount invested and only keep in cash what you actually need in regular savings? Does keeping cash like that hurt you overtime (i.e opportunity cost of keeping cash)? Advice is appreciated! Also, side note, what is a healthy amount to keep in savings/cash for a rainy day (in terms of either salary or expenses) in your opinion? +I invested in Bitcoin in June of 2012 and I've done pretty well since then. Today I was posting bond for a friend of mine who was booked on a drug-related charge and I sold some BTC to cover the bond. I had to produce statements from MtGox in order to show how I obtained the money. I was grilled by the prosecution for about 30 minutes regarding Bitcoin. The prosecution had looked up some stuff in Bitcoin and they were trying to argue that I might have obtained the money by illegitimate means (i.e. laundering money), but their arguments were dismissed pretty quickly by the judge. Mind you that pretty much nobody in the court room, including the defense, had any idea what Bitcoin was when we started. + +**Some of the questions I was asked by the prosecution:** +1. Is it true that Bitcoin is not regulated by any state? +2. You are aware that MtGox is not a registered money transmitter? +3. Bitcoin is not a real currency in the sense you can't use it in Wal-Mart, is that correct? +4. Your MtGox account is not an investment account, such as a traditional mutual fund, stock or options, correct? +5. Is it true that Bitcoin is not the official legal tender of any country or jurisdiction? +6. Is it your understanding that Bitcoin is not regulated by FinCEN? +7. Do you realize gains from the rise or fall of the current Bitcoin price? +8. Do you know how Bitcoin mining works? +9. Do you mine Bitcoins? +(there are many other questions in the span of 30 minutes, but these were the ones that stood out) + +**My answers:** +1. Yes, it's a decentralized currency so there is no country or state that controls it. +2. Objection by defense and sustained. +3. Is that relevant? (the judge said that he's going to determine if it's relevant and I should just answer the question) ... Yes, you can't use it in Wal-Mart. It's not a traditional currency in that sense. +4. It's not a traditional investment account, but it's no different from investing in currency. (the judge and the prosecution went back and forth here about how one can invest in Dollar/Yen, Dollar/Euro and they agreed that it's an investment) +5. Objection by the defense (asked and answered) and sustained. +6. Yes. Objection by the defense, but it was overruled and I had already answered the question. +7. Yes. It works just like any other investment: you buy in at a certain price and you sell at a different price. If I have profit, then that's a capital gain. +8. Yes. +9. No. + +**Statements by the prosecution (most of them dismissed by the judge):** +1. Bitcoin is used for money laundering and other illegal activities. +2. Bitcoin is not a real currency. +He went on about how it's not regulated, it's not real currency and it's used for illegal activities such as money laundering, but the judge dismissed it saying that it's irrelevant. They also tried to suggest that money obtained from Bitcoin is not traceable, but the judge agreed with the defense that the statements from MtGox are sufficient to prove where the money came from. The judge also made statements that this seems to be in line with any other investment and it should be accepted as a legal source for the bond. + +**Closing statement from the defense (this was the best part):** +"Some people like to keep their money in the bank, some keep it under the mattress and some invest it in geeky stuff like Bitcoin. **(the whole courtroom, including the judge, erupted in laughter)** However, that's not grounds for rejecting the bond. It is entirely reasonable that the witness, who is x-years-old, not married, has no children, has no mortgage and makes x amount of money per year is capable of producing the bond amount." + +All and all, it was pretty fun to be up there and testify in defense of both my friend and Bitcoin. I'll try to get the court transcripts and post them up here, it was pretty entertaining to see the prosecution struggle with Bitcoin. +Looking for some advice: + +&#x200B; + +I am a resident of California with \~$350k income plus my wife's we will be over $500k this year (no kids). We live in a VHCOL area and with the recent tax changes we had quite a large hit on our taxes (ex: cap on state tax deduction). What are some good steps to take to reduce tax liability besides 401k, etc. Specifically I was considering starting a rental property business and build it up slow where the expenses can have good tax advantages in the first two years before a profit is required by the IRS. + +&#x200B; + +Any thoughts or other creative (and legal) ways to reduce taxes? Much appreciated! +I have a lot of investments in a vanguard account, primarily VTSAX and some fixed income. Does any one have good hedging strategies that I can employ in my account. Open to examples of what other people are doing for those that are not 100% long all the time. Thanks! +I'm late 20s, manager at a mid sized public accounting firm. On track for partnership most likely by mid 30s based on past partnerships and current ages of the partners, and discussions with our strategic consultant. + +What I'd like to know is if anyone here took a public accounting route to fatfire? I feel a bit like I'm at a crossroads because I'm one of the best at what I do in the office (which is solve problems, whether they be accounting, IT or staff management) and I've got a great mentor in the partner I mainly work for, but I'm getting exhausted with the demands of public accounting life. + +I'm slightly anxious about the idea of moving on, because I've been with the firm for my whole career and I've built a reputation around the office as the go to problem solver, which is the exact niche that I love (I'd rather solve problems as they come up or do high level office planning than prepare checklists, create templates, research handbook rules etc). + +Therefore I'm interested in hearing any CPAs path to fatfire here. Did you stick it out to partner, did you take a chance by accepting a job in industry, or did you carve your own path some other way? It'd be great to hear from some non IT redditors for a change as that appears to be the path of least resistance for people of my generation, and being in my late 20s I think I've missed that opportunity. + +Edit: Thanks everyone for the great discussion so far! It's nice to hear some new prospectives from people who had similar paths. I'm still working for a few more hours (Canadian tax season still) but I'll try posting some replies in the next day or so. +**Mods, please leave this up for a bit, there is no way of the 1000+ members knowing, as they are kicking people out and continuing their scam.** + +First, I have probably should have known better. Consider this a PSA for all the new folks around here considering joining the groups that they see on Instagram. + +Let's get right to the point: **OptionsSwing's discord is a complete scam.** + +For $80/Month they will make call outs for the members during the trading hours, catch is they are trading paper accounts while the majority of their members getting burned on their real accounts. + +**Proof:** + +"Jim", who is an admin and posts his alerts through out the day in the channel, has recently started playing tickers in TOS that has "24/5" offered by TD - [Link here as to what it is](https://www.tdameritrade.com/tools-and-platforms/after-hours-trading.page) + +Why is that important? Because those tickers will show a purple 24 on the top right of the ticker in a real money account, as opposed to a paper money account. ([Chat with TD confirming here](https://ibb.co/7tFT8Rj)) + +**"Jim's Trades" - notice how there isn't a purple 24 that is suppose to show on tickers such as SPY, QQQ, or TLT.** + +[https://drive.google.com/open?id=1ZzrZVnFXRs5YY35pMzo6oQsHXGsulNP1](https://drive.google.com/open?id=1ZzrZVnFXRs5YY35pMzo6oQsHXGsulNP1) + +Notice how some of his trades will have the 24 (Pg.33-38), while the majority of his trades do not? + +\*\***REAL TRADES HAVE a 24 next to tickers like SPY such as this one:** [**https://ibb.co/t3wtRYQ**](https://ibb.co/t3wtRYQ) + +**Members Winning screen shots will all show the 24 except for one member, Bonobo who is open that he is paper trading.** + +[https://drive.google.com/open?id=1UkZbkhNbIlU3Auv0qBAhpCPePj8eqlxR](https://drive.google.com/open?id=1UkZbkhNbIlU3Auv0qBAhpCPePj8eqlxR) + +**Now onto one of their mods "Neutral Tryon" who kept on bitching at all the paying members when MSFT hit 187 in Feb and said to get calls at the top and the trade was going south. Kept on advocating to double down...here are his trades.** + +[**https://drive.google.com/open?id=1vyCUwGdxetAvkYw4SQ2szqOecqdpnuBA**](https://drive.google.com/open?id=1vyCUwGdxetAvkYw4SQ2szqOecqdpnuBA) + +He too was paper trading on his TOS account + +**Now when he actually trades with real money on RH - notice the difference in amounts? LOL** + +[**https://drive.google.com/open?id=1wcwzkPUY8txlzeyURcioqGv3sw6Vy2gk**](https://drive.google.com/open?id=1wcwzkPUY8txlzeyURcioqGv3sw6Vy2gk) + +&#x200B; + +TLDR: OptionsSwing discord is a complete scam. with 1000+ Members paying at least $60/month these bastards are raking in 80K+ Monthly by posting their paper trades. + +OptionsSwing Instagram: optionsswing + +Neutral Tyron Instagram: Everydaygrowthadvisor and Tushallsharma + +&#x200B; + +UPDATE: + +**Someone commented to check their Testimonials and that "No one was forced to write them"** + +**Wasn't forced, but definitely an incentive, usually monetary:** + +[https://drive.google.com/open?id=1pFMA9ATgrhTjJxMRMgpbO99WY7kjLhfz](https://drive.google.com/open?id=1pFMA9ATgrhTjJxMRMgpbO99WY7kjLhfz) +Edit: Sorry for the typo in the title. \*Can't + +I'm going to try to be calm about this, but it's really difficult when I've lived through multiple bubbles where big money had new laws written for them virtually overnight to protect them from failure. + +Guys, they can fuck you over. They absolutely can. I worked in wealth management in 2008. I heard it from professionals. I heard it from the media. I heard it from lawmakers. "Investment banks can't go bankrupt." "The government can't invest in the private sector." "The government can't bail out the automakers." + +I heard it in March 2020. "The entire world can't shut down." "The government can't subsidize the entire American population." + +There's only one ingredient needed to achieve the "impossible". It has fucked over many individuals in the past and it will continue to fuck people over well into the future. It excuses everything from financial crimes to genocide. It magically changes societal views in the blink of an eye and gets whole populations to be ok with things that they never have been okay with. Want to know what that ingredient is? 4 magical words: "For the greater good." That's it. + +When MOASS hits I can tell you ~~exactly~~ what I think is likely to happen. Every large broker runs to their favorite "civil servant" whose election they paid for and say, "We didn't know the shares were fake and we can't be on the hook for a crime committed by Citadel. We will go out of business if you don't do something. The DTCC will go bankrupt and the fallout will throw the entire world economy into chaos leading to wars and famine everywhere." A law will be written overnight that "Protects MM and brokerages acting in good faith against systemic risk created by bad actors acting independently." The antidote will be what the government considers "fair". "If you pay your clients back exactly what they bought in for then we will excuse you." + +Please hear me out. So many of you are unwilling to fully accept how rigged this game is against us. There is so much information on this sub that confirms how rigged the game is. DRS is your best chance to improve the system and your own position. Don't avoid a 10 minute call that has no downside and can save you a lifetime of regret. + +Cheers to all apes, even if you don't DRS. I wish the best for you, but please don't throw jealousy hate at me when my shares are safe and you get a refund. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Edit 2: Please note that I categorized this as speculation. I don't know "exactly" what will happen and changed that wording. Nobody does. But I do think that what I've outlined above is not only in the realm of plausible, but very much in the range of probable. One thing I would change is that another likely outcome is a government-backed settlement. More than just a refund, but well below the full potential of unhindered MOASS. Last, I'm not trying to scare you into doing anything you don't want to, but I am trying to get you to consider the full range of possible fuckery and understand that DRSing potentially gets you more privileges during MOASS. Cheers! +Back in April my manager told me that he will be putting me in for a pay rise at some point this year. I have not received anything in writing or on email. + +He has just told everyone he is leaving in the next two weeks and now I'm thinking he's just been stalling until he leaves to not deal with it. + +What is the best may to approach him about this to ask how it will be handled once he leaves. I assume email would be best so I can start a paper trail at least. + +Thanks +He talked the class through the entire concept, from Satoshi's white paper to the importance of decentralization. He also explained that transaction fees and confirmation times suck right now, but that there are solutions coming very soon that'll (hopefully) fix all of that. He even mentioned that there are many forks that aren't nearly as popular, "like Bitcoin Gold, Bitcoin Dark, and Bitcoin Cash." + +Besides that, he also talked about the future of blockchain technology as a whole and how it can help make identities, contracts, etc more efficient and more secure. Overall he did a really good job of explaining what all of it is and why it matters, and cutting through all the FUD of *OMG Bitcoin is dying right now RIP*. + +This guy is a professor at a major state university, but he used to work in the traditional finance industry. He has spent most of his life making a living off of fiat, so it was really surprising hearing him talk about how Bitcoin is the way of the future. + I am really bamboozled how YouTube completely ignores youtube influencers who make videos such as "this coin will 1000x" or "get in before 100x" and "last chance to change your life". They go bananas and mute you if you use Jingle Bells in the funny cat video, but they allow shit that can sometimes cost people lose a large sum of money, to keep going on. This is ridiculous. + +Why is BitBoy still not banned? CryptoBanter is still being featured on YouTube even though they keep shilling the living shit out of projects that they are sponsored by.Like Aldrin Finance which they shilled to no end at 8$ and in a few hours after the release of video it was down to 5$. Now its hovering somewhere below 2$. Same for countless other influencers. Just look at the thumbnails [here](https://www.youtube.com/playlist?list=PLmOv2_vzOoGd_je37xsSrQD4WVpum0UDa). + +&#x200B; + +>" ONE EXACT DATE CRYPTO BULL MARKET RESUMES BEST DECEMBER ADVICE" + +&#x200B; + +>"1 TOP ALTCOIN ECOSYSTEM WILL MAKE MILLIONAIRES IN DECEMBER!! " + +&#x200B; + +>" ONLY 95 DAYS TO MAKE THE BIGGEST CRYPTO GAINS OF YOUR LIFE!" + +&#x200B; + +And it keeps happening again and again. Im not pointing them out, there are hundreds of channels like this all over YouTube, but youtube is busy with banning people who play Super Mario longplays. +Long story short, been working for 6ish years out of Uni (28 now) in the defined benefit pensions area, was the best offer I got as I did arts (econ/psych) and didn't know what the fuck I was doing. Very dry work, never really hated it per se, but wasn't really passionate about it, but it paid decent (started 30k and now 50-55k) Slowly got more and more bored until it finally got the better of me and the boredom basically made it unbearable. + +I quit my job and travelled around for 6 months, tried my hand at equities/options trading. Didn't blow up the account, but pretty much made fuck all above minimum wage from it. Did the whole matched betting for some extra pocket money (after singup bonuses you maybe have a few months befor getting gubbed on things like the horse/2UP bonuses) while I tried to figure out what I really enjoy. + +.and the sad thing is..I don't even fucking know. I didn't mind the excitement of trading, but in reality you actually have to sit there for ages not taking anything until your 'edge' appears, its also shit hours because the most liquid market, the US, doesn't close until 9pm here. Fuck forex. I don't really like sell side equities research/not really interested in doing the CFA. I kinda wouldn't mind financial planning because I quite enjoy talking to my parents and family/friends about saving/investing (and not doing all the stupid things I've done) plus it at least has some crossover to my work experience. Things like helping people out if they want ot transfer their pension to Australia or NZ through QROPS. + +The frightening thing is outside of the literal basic as fuck things as enjoying TV/movies, some sport, and travelling, I have no idea what I'd enjoy doing for the next 32+ years. I have enough savings to probably try and work it out for another few months while I shovel money into the London rental blackhole. Maybe I should try learning a language, although at Uni I did shit at French. + +Somedays I wonder, am I somehow slowly getting depressed? But when I go out and talk to friends and do social things with the GF I feel fine. Thanks for anyone reading this ramble so far. If anyone has any tips on how to do the whole find what you love and enjoy doing' without the eat, pray love travel shit I've tried, please let me know. + +TL;DR Worked in pensions, bored as fuck, spent 6 months trying to find out what I enjoy, still no fucking idea other than vaguely talking to people and giving them advice. +I really don't know at which specific time it ends, but I assume EST. What are we expecting? RC to buy another 6 million shares tomorrow and run the price up to $175? That's still cheaper than the shares allotted to his management team (low 200s). And much cheaper than MOASS. Midnight tweets? More porn would be nice. I like seeing it on the news. + +Or nothing? + +EDIT: Full baller move. Tweet after-market saying he bought 60,000 calls ATM (or close to it) will full intention to exercise. Force the market makers to hedge, then exercise. Next tweet, 15 million share purple circle (or Chairman equivalent telling us he's HODLing). +Is there going to be any clean up of low effort posts that are simply “buy calls on XYZ” + +The amount of low effort posts on here have rapidly decreased the quality of the conversation. I really appreciated the discussion 1-2 years ago when it was about strategy and unique ideas rather than copy paste taglines from WSB. +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 clawed my way through a Bachelors Degree on welfare and loans. I have been earning $35000/ year for 3 years, and following my last tax refund finances are finally getting stronger. I want to go back to graduate school, so I can start working online and get away from the snarling public. How bad does this decision sound? +I'm not sure how much people on this sub keep an eye on agriculture but TX is mass selling beef because of the drought and cost of hay. But these aren't normal cull steers these are production animals that would normally have five or six years of calf production left in them that are being sold for beef. This means the farmers next year (if things normal out) will be holding back more animals to replaced the sold off production animals. This is also for many ranchers the final nail in the coffin after the economic damage shutdowns did to them. + +So what does that means to us poor plebs? Because of the oversaturation in the market beef prices will take a dip and go down. *But* this will only be temporary as they will quickly rise and stay high for at least two years as that's how long it takes to grow out a beef steer. So if you are the type of buy when things are on sale and stuff your freezer to capacity be ready because it might be a good while until the prices drop again. + +I'm posting this because I haven't been able to afford to eat beef in about a year and a half because prices have *already* been high and this might be one of the last chances to be able to reasonably include beef in my diet. +I’m 22 and live in Oregon. I make $14.50 an hour plus tips. I bring home about $1300 a month plus about $500 in tips a month. My only bill at the moment is my car insurance ($95). I paid off my car recently so that’s great. Right now, a 1 bedroom in Oregon goes for about $1400 and a 2 bedroom for about $2000. I live at my boyfriends moms house for free with him and he makes about $1400 a month. I’m not really interested in school atm but it’s not a no. We don’t wanna rent because then we won’t have any extra money to put into savings or travel. We travel a few times a year and it one of the things that keep me sane. I either wanna move out and deal with rent prices (little to no traveling or saving then), move to Florida with our friends (they live there and want us to move down also so we all can live in a house together;rent), save up to buy a house in the next couple of years, or stick to what we our doing, living rent free and traveling as much as possible and saving money. + +Im just wondering what you would do in my situation? Your early 20’s is a weird place. Ive never been so lost! +The LifeLine project is only a few days old and the public response is already incredibly humbling. By searching for ways to use cryptocurrency to save children's lives, they have found a cause which truly inspires everyone who comes across it. Even though they are still in the very early stages of development, the community is already a place where people who have felt the impacts of pediatric cancer can find support and understanding. The team clearly cares deeply about each and every community member, and holds space for them so they can safely celebrate their successes or grieve their losses. For these reasons and more, it's easy for investors to see how much thought and dedication went into LLT. + +LifeLine's story began with a very relatable event in the cryptoworld. Some of the current team were involved with a project called $SLOW. It seemed like one of those rare ventures that doesn't come around every day, and they said they were going to be an opportunity unlike any other. But over time, $SLOW started showing a pattern of red flags and broken promises which were impossible for the future LLT team to ignore. Then, one day, the developers simply abandoned not only the project, but the entire community which had rallied behind their cause. The investors were hurt and betrayed. However, instead of just accepting that they were no longer part of something bigger than themselves, they decided to move forward with a new project, one that would accomplish far more than $SLOW ever could. The team discussed their lives, their values, and what changes they wanted to see in the world, and they quickly agreed on the core concepts of LLT. Then, when Lucas, a fellow community member, made the decision to step forward as a leader, Lifeline was born. + +LLT is the real deal. They are obviously pouring their hearts and souls into this, and the amount of new progress they make every day is inspiring. It's not one of these memecoins with nothing substantial behind it, it's a way anyone can help save children's lives. With an official audit and an AMA coming up soon, this crypto really is a no brainer. + +You can check out LifeLine here: [Lifelinetoken.com](https://lifelinetoken.com/) + +Telegram: [https://t.me/LifeLineToken](https://t.me/LifeLineToken) + +AMA details: [https://twitter.com/LifelineToken/status/1377695567233622016](https://twitter.com/LifelineToken/status/1377695567233622016) + +Contract Address: [https://bscscan.com/token/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2](https://bscscan.com/token/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2) + +Liquidity Burn: [https://bscscan.com/tx/0x367bc6198fc5539bc84882e1b3a99ddbeffe6e714d3f32fe387b4268fa5aea82](https://bscscan.com/tx/0x367bc6198fc5539bc84882e1b3a99ddbeffe6e714d3f32fe387b4268fa5aea82) + +Chart: [https://poocoin.app/tokens/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2](https://poocoin.app/tokens/0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2) + +Buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd37c1417da7bf5b02ffdea8d5427022dc88a0ee2) + Hey retards, i am from austria and i hold all my GME moontickets in my bankaccount.... I wrote my bank bevore the split and i asked how the process will be => the answer was you need to wait or ask gamestop directly. + +After nearly 2 weeks... i still didnt receive my dividend and the bank feedback is still you need to wait. + +My first approach was that i wrote the austrian SEC about the topic and im not sure about if i should hire an lawyer or wait little longer ? + +I know lot of apes from the same bank which didnt receive their dividend also so i thought maybe a class action ? + +What would you guys do ? + +ps.: sorry for my bad english +To start things off, I dont have it as bad as some users here, so I don't want to come off as bragging about doing better. + +I make less than 18k a year before taxes, rent takes almost half my monthly pay during months I get fewer hours. I can save a good chunk every month. But I can't help but feel so depressed about my current working situation. Working with customers sucks sometimes. And it bothers me that on my current pay, getting a house if out of the question. + +I know most people will say to go back to school and get a degree and get a higher paying job. I just feel very anxious and lost about starting college. I did my SAT years ago and don't want to have to take it again. I did my FAFSA, but the nearest college I applied to told it won't cover anything. Plus, I'm afraid i won't find a job after college. I don't want to have to take time off from work to go to school for the next three or four years with very little income I can save. + +Im trying to see a out making money with my art but it will take some time to build a loyal following, so idk. + +I just feel stuck and hopeless. My quickest options right now is to learn spanish to add as another qualification and to continue making art. +​ +The founder of Ethereum (the second biggest cryptoasset) put it succinctly: +> There are some good ideas, there are a lot of very bad ideas, and there’s a lot of very, very bad ideas. And quite a few scams as well.” + +Let me address those in reverse order. + +1 - The scams. There are *many.* The biggest by a mile is Bitconnect, which is a pyramid scheme and not even trying to hide it. It’s going to implode very soon. There’s nothing to say here but stay away. + +There are also enormous red flags that the biggest exchange (Bitfinex) is insolvent and it’s substitute for dollars (USDT/Tether) is literally printing money and doesn’t have the dollars to back it up. If you decide to take a step into this space, stay as far away from these as possible. The only safe exchange IMO is coinbase. + +Edit: Another user brought this up, it's a good idea to mention. There is only one "true" Bitcoin, but because it's software anyone can copy that software and make their own version of Bitcoin. This has become very popular in the past few months, there is now Bitcoin Cash, Bitcoin Gold and many other Bitcoin this or that. This isn't a scam per se as many legitimate currencies have been created through this process since the dawn of cryptocurrency, but naming them Bitcoin X is becoming commonplace. Understand that when you are buying Bitcoin Gold or whatever you are *NOT* buying Bitcoin. They have as much to do with each other as American and Canadian Dollars - the only similarity is the name. + +2 - The very, very bad ideas. I would put 95% of the assets created in the last 12 months under this heading. And you’ll never be able to tell which is which. Bitcoin is already volatile enough, so messing with anything that’s not already established is taking far too much of a risk. I’ve been doing this for years and I don’t even touch anything that hasn’t existed for at least a year. That doesn’t mean everything older than that is in the clear. Because of.... + +3 - The very bad ideas. There are some established assets that I wouldn’t touch with a ten foot pole. Ripple/XRP being the one that stands out the most. The economics of the system are simply unacceptable for any sort of “investment” into it. It’s not even worth going into detail. + +4 - The few good ideas. The first rule of crypto is “never invest more than you can afford to lose.” Because even though there some of the genuinely good ideas - Bitcoin and Ethereum are worth billions for a reason - none of this stuff is proven yet. I hope we can get to the point where enough people understand the technicalities and economics of the systems enough to intelligently discuss them and take them seriously as a new asset class. And I’m willing to engage anyone on any questions. I “invest” in this stuff because I understand what I’m investing in, not because I’m chasing a get rich quick scheme. But I know we’re not there yet in traditional investment circles. So of course no discussion about crypto is complete without addressing the elephant in the room. + +Is it a bubble? **Emphatically YES.** All the elements are there. It’s obvious to almost everyone at this point. But that doesn’t necessarily mean you shouldn’t consider investing in a small amount. Bubbles tend to form around technologies that change the world - railroads, telecom, the internet etc. This space is getting bubbly because a lot of very smart people see the potential and are investing considerable amounts into it. But I will be the first person to tell you that at some point in the future there will be a reckoning and the scams and bad ideas will implode, and it will likely drag down the good ideas with them to some degree. How much is unknown, but the implosion is a near certainty. + +But unlike housing, dotcoms and everyone’s favorite tulip bulbs - there are some unusual economic dynamics at play here. For one thing, there’s nothing else to peg this stuff to where you can definitely say we’re in the late stages of a bubble. People have been calling it a bubble for years because we have **no idea** what a reasonable real world value for this stuff is at this stage. Because nothing like it has ever existed before. It’s substantially different enough from existing assets that you can’t directly compare them. I know “this time is different” sounds like typical bubble talk - but these are literally as different from stocks as bonds and commodities are. They’re still bound by the same economic principles as everything else, but they’re a different type of asset. And within the broader context of crypto there are multiple different subtypes of cryptoassets as well. + +Another important dynamic that upsets the typical bubble paradigm is that the more expensive a cryptocurrency it is, the more secure - and thus valuable it is. That sounds bizarre, I know - but that’s how the economic incentives work out. It’s an abstract network of value. It’s virtual but it's still real and has intrinsic value - but ultimately the system is worth what the world collectively decides its worth. Security obviously plays a large role in that. If it was a stock you’d be able to say it’s fundamentally overvalued if it’s PE is too high. *But it’s not a stock.* That’s not to say that it can’t be overvalued. But because high valuation creates a positive feedback loop, you can’t just look at the massive returns and pricing and declare it a bubble on that alone. + +Right now bitcoin is worth $150 billion and altogether crypto is $250 billion. The dotcom bubble peaked at ~8 trillion and took years to get to that point. We could still be in the very early stages of the bubble and a conservative (in crypto standards) investment might still be worth quite a bit more than it is today on the other side of the implosion. The dotcom bubble gave us idiocy like pets.com, but the stuff that survived like google *did* go on to change the world. Another important thing to understand is that we’re not dealing with companies here - they’re open source, self sustaining decentralized networks. Bitcoin and Ethereum can’t go bankrupt any more than the internet itself can go bankrupt. As long as there’s at least one node in the world (and there are hundreds of thousands and growing) - they will continue to exist. There isn’t really a plausible scenario anymore whether your investment in them goes to zero, just as you could say the same for gold. It’ll always be worth *something*. Whether or not it’ll outperform stocks - literally no one can tell you that. The only really clear thing about it right now that they’re highly uncorrelated to other assets. On its own it’s risky but as a part of your portfolio a small investment in bitcoin can actually reduce your risk through diversification. A 1% allocation won’t derail your future in the worst case scenario and could potentially have enormous upside in the best case scenario - particularly if your other assets have a bad streak. That’s the only case I’ll make to a crowd as conservative (and rightfully so) as r/personalfinance. + +Get your emergency fund straight first, have a properly balanced and allocated portfolio of traditional investments first - but don’t write bitcoin/crypto off because you don’t understand it and the risk is difficult to quantify. Lots of very smart people are doing incredible work in this field right now and even though there will be a massive implosion at some point in the future - when the smoke clears the good ideas will stick around, and I think it’s unusually easy to spot the winners and the losers here. + +But in either case - don’t invest in anything you don’t understand. Learn about it first, then make up your own mind. At the very least if you’re into finance and economics it’s fascinating stuff. If you can’t take the time to do a little research on how it works and why it’s a good idea, then you shouldn’t be putting your hard earned money into it. +Hi r/fi group. Been member of this thread for about 1 year. Appreciate all the topical discussions and topics. + +I have wondered about this question for about 4omths and thought I may answer myself, but no such luck. Thought you would have some valuable insights. + +Context: Discovered F.I.R.E in Dec 2018 and doubled down on my and my wife m's saving. 60% savings rate or greater since. As we see our assets (965k incl home) and NW ( 650k) I see myself losing patience with getting to coastfi or point where we can stop grinding. + +I expect I, like so many others, is experiencing the shift or wear of the pandemic in that my resilience is down. My stamina at work has wained greatly. Meaning, I find it hard to work thru common work challenges. + +I wonder. Is this because of pandemic or because of my finding F.I.R.E. In that instead of reading books and posts about career advancement, etc, I now read about save so one can downshift or retire early. Does the retire early cause one to lose the spirit and drive that once motivated so much in ones career? + +I expect so, partly because of the shift in values and partly because of the "beyond the veil" learning that occurs in this community. + +Question to group: how and/or should one continue to grind toward F.I.R.E. target of 1.85m (my number) vs. already applying more bold lifestyle design now? + +My dilemma is: +1. I am losing resilience and stamina for the career +2. I have researched thoroughly alternatives for my profession (project manager consultant) that show other taking 6-8 month contracts, summers off yet making 100k+ annual +3. I would love to switch to this, have sabbatical time for summer or annual, and downshift in general. +4. I find it exciting to shift to career/life outside the norm such as expat living (done in past), living in multiple locations throughout year (in US only for now), and digital nomad ideas after pandemic, etc. +5. I am looking for adventure and mixing it up, but find myself feeling still in boring middle and need to hit 1.x million mark before making these move. But struggling with continuing on same track. +. +Curious. What have others done faced with similar conundrum of downshift now or grind options? How did you make the leap to downshift,or talked yourself into continuing to grind? +Evidently a lot of people still do not understand how annual bonuses work. Now, there are multiple ways they work, but in *a lot of cases*, such as mine, such as a guy I know who just gave notice this week to his employer, they work like this: + +- In the first couple of months of a year, the company determines what, if any bonuses will be paid out to employees for previous year performance (either at company or employee level) + +- that money is paid out to the employee if they qualify for it *and if they are still working at their employer on the date the bonuses are paid* + +I thought this was more common knowledge among bonus recipients, but it clearly isn't. My wife just got a text from this guy's wife that when he gave notice this week his boss indicated that he may not receive his 2018 bonus, even though he met his goals. This blindsided them. + +I reviewed my company policy moments ago and it clearly states an employee has to be employed on the payout date. This means if my bonus is paid out on Feb 15 and I give notice on Valentine's day guess who may not get a penny of bonus? + +**UPDATE** re the anecdote of the guy I know he just received confirmation that he will not be getting his bonus. He was one pay check away from a low 5-digit payout which represents about 1/10th of his family’s total annual income. + +**TLDR** *If you are bonus eligible be very careful giving notice at the start of a year. If the money has not hit your account, it is potentially at risk, depending on company policy.* +Sorry for the aggressive title… + +Hey fam, something that everyone should know by now is that not a single broker gives a shit about you - they only care about the money. Whether that be FUDelity, WeBull(shit), eWhoro, TDAmerifuk etc. need I even mention RobbingHood. + +As we have all seen right from the start of forever, brokers will lie, have “glitches” and straight rob from you for their own benefit. + +Now more than ever, you should realise that as long as your shares aren’t directly registered under your name, your shares are going to be fucked with. + +There’s always been one way for your shares to be safe… ComputerShare. I know you’re angry - do the right thing. DRS. + +Love you guys. +Just read a post that basically says "I want DRS to be the catalyst not an NFT because i like that narrative better >:( \*insert pouty face\* and anything above 1mill is not gonna happen, its unrealistic!" No. Just no. The whole point of all this blueball edging for the past year is to cum millions \*NOT THOUSANDS\* all over kennys mayo while he cries. In jail. With his prison husband Greg. Anything less is just pathetic. We are the normal people, being greedy to us is taking an extra slice of pizza during a work mandated pizza party, we don't get shit. This is the one time, ONE TIME, we get to be greedy like them. Take them for everything, their money, their reputation, and their freedom. GMEfloor is the price target FOR THE WAY DOWN, keep your grubby stinky ape paws off the sell button until you have -bring down the system- type money. HOLD OR HODL MOTHERCLUCKERS. The end is fast approaching, keep your cheeks tight apes, and ignore the FUD! +Hi there, I’m new to investing at 30 years old. I’m currently on disability but make enough money on the side (within the limits I can). I’d like to make a good portfolio for the long haul and so far I have started with these two. Right now I DCA $125 a week to meet the $6000 Roth quota. Any other ideas I should be looking into? W/ my individual account? Thanks! + +Edit: account is currently 50/50 +I earned $78.66 in dividends in March. That mainly comes from two companies that I have since sold. I pretty much restarted building my portfolio from scratch. As of right now, my forward annual dividends is sitting at $19.66. I'm looking to get back into the market with a passion to try to take advantage of some of the stock market decline. To read the full details, check out my [dividend income report for March 2020](https://www.dividendportfolio.com/dividend-income-report-march-2020/). + +My heart goes out to everyone who have been negatively affected by the coronavirus. Good luck to all of you during these difficult and uncertain times, and stay safe. +First of all I want to preface this and say that I know *actual* yield chasing is bad. As in, throwing money in to a losing business that offers too high of a dividend for it to be sustainable. Of course that’s a bad idea and people need to watch out for that. I’m new to this group but in other communities this term seems to get thrown around quite a bit. + +It seems like people think all high yield dividends are bad because of this… Or they mistakenly call it yield chasing. + +To me it seems like if that’s what you have to do to get started, that’s okay. Why would it be a bad idea to get some good monthly or quarterly supplemental income from stocks that might not grow very much or very fast? It offers a predictable income which you can save up on and put into better growth investments. People who are in to dividend growth investing warn against yield chasing, rightfully so, but if it’s not a losing investment overall, this seems like a perfectly reasonable place to start. Even if it doesn’t match the long term growth overtime benchmarked against SPY or have very much growth in general. +If someone is successful scalping options and stocks during the day, I would imagine that your account size can grow quickly. Then you can simply do the same thing with larger size — exponential growth. But then clearly there is a limit? + +What is that limit and how do you think about it? +Feels like a lost art and just wondering if anyone else still does this style of trade, I love scalping as i feel it greatly reduces your risk as you enter and exit a position within seconds/ minute +The hedge funds, market makers, pensions and banks are all short GME. But not just short, but short short. Naked short. Synthetic short with liquidity injected straight into their eyeballs, pissing out dollars into their private IPO's and pumping collateral at whim. + +&#x200B; + +https://preview.redd.it/37aas0u8ryy91.jpg?width=1024&format=pjpg&auto=webp&s=a19ce128452de43207898b7e21097b4c73aa17e6 + +&#x200B; + +So now the global economy has been destabilized due to financial derivatives. That is, they used fancy wall street tricks to fundamentally alter the value of real assets and companies until they hold all the assets and everything else is an ever-devaluing I.O.U. + +How does that mean Gamestop has to fall before MOASS? + +easy. + +Before closing their FUKT short positions, they're going to liquidate every share of GME they have. + +&#x200B; + +Closing shorts = price increase. + +Selling GME = decrease. + +Borrowing GME = decrease, with the option of making money by manipulation. Pay a fee, drop the price, rebuy cheaper. Return shares. Rinse-repeat. Works until it doesn't. + +So everyone other than diamond hands will take losses. The market will stay pumped for as long as possible before they run out of collateral + GME to sell. + +Tl;dr it's darkest before dawn. Hedgies are fukt because Gamestop will be bigger than amazon, and we are here on the ground floor making history +Hello all, + +I'm looking to invest some funds into the marijuana game, but haven't the slightest clue where to start, or whether I'm dumb for thinking about doing this. + +Do I invest in a medical marijuana company, a dispensary, some other place or company? Any legit advice for someone with no investing knowledge would be greatly appreciated. Thanks! +Evergrande going down (and way more to come), the Fed abusing QE, 5.9 Trillion dollars of releif bills, Buffet indicator, Elon and his brother selling positions, buffet's cash position highest it's ever been, etc etc etc etc. + +To me, these seem like signs of an impending market crash like no other. The balloon has to be popped. How can anyone tell me realistically that the market can drop at around the Levels of 1930's depression, and recooperate within one year, and reach highs at the end of the year??? + +Maybe I'm missing something but this does not seem as if is natural growth, rather asset inflation caused by consumers having way more cash on hand from stimulus etc etc and producing and working less than ever before. + +I'd sell my position, but don't want to cause any tax implications for year 2021, so I'm kind of stuck holding even if the ship falls, lol. +I was about to give money to Wikipedia but they won't even give me the option to input where I'm donating from because Coinbase's checkout system where you write your name/address doesn't include at least Cuba, Iran, North Korea, and Russia (didn't check for others) in their list of countries that they allow you to select from. Are they not allowed to take donations from such countries? Bitcoin is global and so is the information found on Wikipedia. I wouldn't know a lot if it wasn't for Wikipedia and am grateful for it, but if they and Coinbase don't recognize all countries then shame on them. I live in one of these places and I hope to see this fixed. It puts people like me who want to donate off. [Picture](http://image-upload.de/image/0vNfEC/1526d0fb0e.png) +So, the entire comedy joke of Mayo Man bemoaning the loss that teacher pension funds took in their investment in Melvin, I feel like a really big issue was completely missed out on: what the fuck is a pension fund doing investing in short strategy hedge funds? + +Per the IRS rules on retirement fund management ( https://www.irs.gov/retirement-plans/retirement-plan-fiduciary-responsibilities ), pension fund managers have a fiduciary duty to beneficiaries to do the following: + +1. acting solely in the interest of the participants and their beneficiaries; + +2. acting for the exclusive purpose of providing benefits to workers participating in the plan and their beneficiaries, and defraying reasonable expenses of the plan; + +3. carrying out duties with the care, skill, prudence and diligence of a prudent person familiar with the matters; + +4. following the plan documents; and + +5. diversifying plan investments. + +I get that the returns in normal investments were hard to find and they have a duty to seek a return that increases the value of the fund to support the future obligations to beneficiaries, but not at the risk of violating the ‘prudent man’ rule; we saw with the blow up of Orange County retirement fund in the 90’s with derivative plays a whole raft of IRS guidance on the risk profile allowed for retirement funds. + +The real question his comment raises is really “what the fuck were teacher’s pensions doing in a short strategy hedge fund that could clearly lose 50% or more of the fund assets?” +80 hours per week. First job 11am-7pm, second job 11pm-7am. Travel time to first job is 45 mins each way (but I'm in the process of getting a transfer to a closer location so that will be resolved in a few weeks time). I am TIRED and EXHAUSTED and BEAT THE FCK UP and TIRED OF BEING POOR. I've had to give up many of my hobbies and don't get to see my partner except for once a week when our days off overlap (we live together but work conflicting schedules). + +I need the money for medical purposes, and also to pay off debt which I've been carrying for years (the total amount has gone down significantly, just not going down fast because I've always been paycheck to paycheck, and I started with a larrrrgeeee number $150k+). + +My combined salary with the two jobs is decent in absolute terms (80k pre-tax), but shitty in relative terms (40k each job, which is not a lot when you live in a large metro area... hence why I have two of them). I'm trying to do this for about a year, after which I will be applying to grad school and also eligible for promotion at one of my companies. But a year still feels like such a HUGE stretch. I've only been doing this month and I feel like a zombie. + +I don't need any advice really. Just wanted to vent because I know you guys would understand. /r/pf is just going to tell me to stop drinking my Starbucks and open an Acorn account and I'm not into that. +Back in my early 20's, well before I had the financial literacy I have now, I bought roughly 800m2 land in regional Western Australia. + +We were young and in love and bought it with the intention of building a custom holiday home for weekends away and hobbies. + +We split end 2018 and still have the land in our joint names. Details as follows. + +Bought 2016 for $22,000. It was cheap, easy to get and again, didn't think it through. We promised each other we would be amicable if we ever split. + +We each have 49% of the title to our name, with the remaining 2% in my ex's Dad's name. The Dad was working overseas long term and wanted his name on property for residency purposes from memory. + +Loan is currently at just over $16,000. Repayments under $100 a month. +Annual council rates over $1,800. +Water rates around $200 per year. + +Ex put deposit of roughly $6,000 to cover loan deposit, settlement fees, land rates etc. + +I have covered the mortgage and rates ever since for the last 3 years. Because it's my turn, if that makes sense. + +We toyed with the idea of turning it into a truck stop as a business venture. (We are both amicable and basically indifferent to each other). But neither of us has the interest or appetite to do this together. + +We have had it listed for sale for 2 years but no bites. It's in a 'supertown' for industries - farming, mining etc in the wheat belt. No bites for ovciois reasons. Listed at various prices, currently $35,000 negotiable. + +‐---------- + +Do I buy him out and own it so I can negate the risk of having a mortgage with another person? Do I try and turn it into a truckstop? + +List it at lower and lower price until it's sold? + +I now have a mortgage as a 29 yr lld single parent with an almost 10 year old. Now have eyes on growing investment portfolio but am aggressively eradicating debt first. + +I'm not sure what to do with the property. All I know is it's costing me roughly $2,500+ a year, and I now have a $290,000 mortgage plus second set of council and water rates. + +Long rant. But lots of context. Open to any and all ideas. TIA +I’m currently in year 12 and deciding what to study at Uni. I want to be able to get a job that earns good money. Only thing is I really don’t want to do anything to do with IT. + +I do have interest in stuff to do with business, but am kind of happy to do anything. + +Does anyone have any suggestions for me? +So my partner and I are expecting a baby in November. We ideally want another in the following year or two so they are close in age. + +I ran the numbers and considering the mortgages (1.4m in total) I will have to go back to work when the baby is around 6 months. I would have loved to spend more time at home but I don't want to do that at the detriment of our future. Luckily my work is flexible so I will probably only need 2 days of childcare and I can work from home the rest. + +However, we had no idea that childcare centres were wait listed. The childcare place in our area says there are 81 babies ahead of ours so it's looking like they will have no vacancies until 2023 at earliest. + +I was even more shocked to see all the other child care centres in our area are also wait listed. + +I've looked at the option of nannies and they cost an arm and a leg. + +I earn 120k per annum so if I stay home it will be a giant hit to our finances, even to reduce to part time would be a whopping hit. + +I was contemplating having an au pair but then for one child it might not really be cost effective as we will have to pay the au pair around $350 a week and house them, feed them, live with them etc. + +It is really such a pickle. + +My mom has offered to help but she has her own retirement to save for and realistically I know she wouldn't be able to cope for such a long period with a young baby. It's hard work. + +Any advice? How did you manage child care? + +Also big warning for planners - children are indeed expensive so plan early. We haven't even had our baby yet and are getting rejected. I can only imagine what a nightmare getting into a good school will be. + +Also on a side rant - there should really be a good centrelink payment for grandparent carers. If my mom could earn $600 a week taking care of grandkids I'm sure she would be happy to. Sadly she needs to still work though as her Super isn't that high. I feel like a grandparent payment would be so beneficial for society and prevent increasing numbers of elderly female homelessness etc. End of grumble. + +&#x200B; + +Edit: also if anyone objects to my policy proposal - I fleshed the idea out a bit in a comment below. Keen to have any constructive debate on that from a tax optimisation perspective. (Rather than a morality perspective - i.e X group don't deserve this because I am not in X group and therefore will not personally benefit) +I'm 21 and I live in California with my fiance. I make roughly between $700-$1,000 every 2 weeks due to random overtime, and she makes between 300-500 every 2 weeks due to part-time. + +We have lived in our apartment for 10 months and when we moved in Amanda signed up for pg&e in her name and we went on the balance payment plan they recommended. This month Amanda signed up for the Care Program for 30% off because our monthly bill is always 200 (which is outrageous because we really don't use much) and it's just too much. Well when we were approved they gave us this bill and said it was the total amount we owe from the past 10 months that they haven't charged us for because of the program were on. The only thing they were willing to do was break it out into a 4 month payment plan. Ouch. So that puts us around $500 in power bill monthly. +I don't understand how this is possible. Back in December Amanda accidentally paid twice and they gave us the $230 in credit on our account for the following months. Why would this not be used for the amount we owed? +Never once was this amount mentioned to us. Not when we have called, nor in all of the monthly bills they sent us. + +Fortunately my mom is willing to loan us the amount and we pay her back, but I want to know if this is something that I'm totally at fault for or if I can fight this? + +Thanks guys..my anxiety is through the roof right now and I am worried about this a lot. + +Edit: took away fake name + +Edit: called CPUC and they connected me with a higher rep from PG&E. She called me back today and explained that they had not been charging us for the full amount we use because of the b.s. plan we were on. So since we changed plans we now owe 1.1k. The rep split it into a 12 month payment plan and gave me numbers to call for financial support to pay part of our bill for us. I'm hoping to God they help... So this all did not go in our favor. Still thinking of filing a complaint with the CPUC and see if they can get it lowered as well... +1. Short Interest Reporting is now calculated differently +2. GME Borrow Fees +3. Shorts never closed - they covered through manipulative derivitive strategies (link) +4. GameStop Stock Split - A comparative look at Teslas's stock split and what this could mean for GME (link) + +# 1. Reminder: Short Interest reporting is now calculated differently + +**As we track the affect of GameStop's stock split-dividend on short interest (SI), borrowing rates, and fails to deliver (FTDs) - remember that S3 has changed the way they report short interest. It can no longer exceed 100%.** + +&#x200B; + +https://preview.redd.it/89ie7acyeme91.png?width=2880&format=png&auto=webp&s=a1becb6c94e0d24a71771c36ad031104d25dc4b0 + +Traditional formula = Shorts / float + +New S3 Formula = Shorts / (shorts+float) + +The S3 methodology ***assumes no naked shorting***. The implication in their calculation is that every short share has located a borrow. They completely disregard synthetic/naked/counterfeit shares. Our due diligence supports synthetic / naked shorts in the hundreds of millions - now billions after the stock split-dividend. + +[https://s3partners.com/notesonfloat.html](https://s3partners.com/notesonfloat.html) \[Edit: This page has been removed\] [https://research.s3partners.com/short-interest-of-float-2-0/](https://research.s3partners.com/short-interest-of-float-2-0/) + +&#x200B; + +[https:\/\/blog.ompnt.com\/introducing-s3-partners-short-interest-data-to-the-omega-point-platform](https://preview.redd.it/g9rfze7zhqe91.png?width=1276&format=png&auto=webp&s=459c5eadc1dd2508f5e7a2f2f61f24bdc83a6e1b) + +***Edit update***\*\*: Credit to\*\* [u/clawesome](https://www.reddit.com/u/clawesome/)\*\*: As short interest increases it will take an exponential increase in shorted shares for their reported short interest to increase:\*\* + +Open link for more detailed graphs [https://imgur.com/a/TwnxcI9](https://imgur.com/a/TwnxcI9) + +[https:\/\/imgur.com\/a\/TwnxcI9](https://preview.redd.it/t2aqv881iqe91.png?width=2070&format=png&auto=webp&s=6a092b6048dc28242a6826892270615ce89c4864) + +***Evidence of FINRA data now showing historical short interest as significantly higher now than was previously reported.*** **Chart credit to** [u/DecentralizeCosmos](https://www.reddit.com/u/DecentralizeCosmos/) + +https://preview.redd.it/wjkyqg2wbme91.png?width=640&format=png&auto=webp&s=873c17ffdbfdb9eb40fb7fb9c6088ea94176c465 + +# Short Interest (SI) reporting: + +Regulation SHO is a set of rules that governs short sale practices.  Regulation SHO established “locate” and “close-out” requirements, which requires Broker-Dealers (BD) to mark all orders to sell stock as “[long,](https://www.investopedia.com/terms/l/long.asp)” “[short](https://www.investopedia.com/terms/s/short.asp),” or “short-exempt.” + +A sale order can be marked “long” only if two conditions are met. First, a seller must be deemed to own the security, which occurs only to the extent that it has a net long position in the security. Second, the BD must either (a) have possession or control of the security to be delivered, or (b) reasonably expect that the security will be in its physical possession or control no later than the settlement date of the transaction. + +**Unfortunately, some BD continue to ignore or mismark their short trades so they are not captured as FTDs.** This is a common occurrence that can be verified by reviewing the FINRA fines administered over the last several years. + +**Market Makers (MM) like Citadel** have to accept all buys and sells, and **get a pass on many naked short selling rules. However, they have also been cited for misreporting short positions.** For example, on November 13, 2020, FINRA, the traders’ self-regulator, fined Citadel Securities $180,000 for failing to mark 6.5 million equity trades as short sales between September 14, 2015, and July 21, 2016. + +&#x200B; + +# 2. GME Borrow Fees: + +GameStop's stock borrow rates currently stand at an annualized percentage of 37.07%. They spiked at 110% toward the end of May. However, post stock split fees have skyrocketed again - this time reaching nearly 130%: + +Borrow fee rates are determined by the market's supply-and-demand conditions. If a stock is in hot demand from short sellers the borrow fees will be proportionately high based on the limited supply of available shares to borrow from broker-dealers (BD) (because apes have DRS their shares). + +According to S3 Partners analyst Ihor Dusaniwsky, high borrow rates can be valuable information for investors who are considering a stock trade: + +***"An increase in stock borrow rates may force (squeeze) some short sellers into closing their positions — getting out to realize their remaining mark-to-market profits and exiting before other buy-to-covers drive the stock price up."*** + +[GameStop's borrowed shares. Stocksera](https://preview.redd.it/wbok0zmheme91.png?width=700&format=png&auto=webp&s=9341e3ac1d1022ab786f63d938d38707c76dc2a9) + +&#x200B; + +**3. GameStop short interest is much higher than reported. Shorts never closed - they covered through manipulative strategies! Pick up a few shares, DRS if eligible to remove the shares from the DTCC and manipulation!** + +[https://www.reddit.com/r/Superstonk/comments/too38h/wondering\_what\_all\_the\_hype\_is\_about\_gamestop/](https://www.reddit.com/r/Superstonk/comments/too38h/wondering_what_all_the_hype_is_about_gamestop/) + +&#x200B; + +**4. GameStop's stock split-dividend. What might this mean for future GME price appreciation?!? A comparative look at Tesla's stock split. Spoiler Alert - Over the next several months this could be HUGE!** + +[https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop\_has\_announced\_a\_41\_stock\_split\_in\_the/](https://www.reddit.com/r/Superstonk/comments/vt5q45/gamestop_has_announced_a_41_stock_split_in_the/) + +&#x200B; + +**Buy, Hodl, DRS & 'Share the Story** + +>**To the moon fellow apes!** + +&#x200B; + + DISCLAIMER ** Information contained in this post has been compiled from sources believed to be reliable. No representations or warranty, express or implied, is made by as to it’s accuracy, completeness or correctness. All opinions, estimates, and comments contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this post or the information contained herein.** + +***Edit: Updated post July 30th 12:43pm EST \[ Charts, links on S3 Partners SI Reporting\]*** +So inflation is high already. Increasing energy prices will fuel further inflation and my monkey brain tells me that higher rates counter that. + +If the FED is not going to do what they said they would do few weeks ago, meaning raising rates many times in 2022, wouldn’t inflation go off the roof? + +I don’t get it. +I’ve just started wondering about ways to save money on unnecessary costs, and then comparing my attitude toward what counts as as an ‘unnecessary’ outgoing now as a professional with a high salary compared to when I was a student. +For instance, I still wear £15 jeans, but I have a music subscription now. I use more expensive, eco-friendly cleaning products now. + +I’m interested in the consensus of y’all in drawing the line between what you think is a reasonable way to save money for FIRE, and what you feel some degree of “I have enough money to pay for X, so I should” toward? + +Are you okay with cheap sweatshop clothes? Do you pirate music/films? Do you buy fair trade goods? Do you look for environmentally friendly products? +I hate the feeling but at the same time I'm relieved it finally happened. We all knew a 30% dip was coming. If not now it would have happened at $100K. Probably will happen at $100K! This price action is totally normal for bitcoin, my resilience atrophies during the bull runs. + Literally everything I'm holding is dropping like crazy. I'm down almost 20% spread out over everything I'm holding and I can't see any reason for a major selloff. BLNK, ENPH, FUBO, GME, GRWG, ICLN, NIO, PLUG, SBE, SE. Just a correction, or is there some news I'm missing? + +Edit: Thanks guys. That was the encouragement I needed to hear. +There are a couple of things going on with my post here... + +1. I am not kidding, I told my mother about Bitcoin and since then she is asking me constantly how she can exchange her spare money to Bitcoin. + +2. That's actually cool, but I constantly have to install a fresh Windows installation on her notebook as she is a master to destroy things (I am not kidding, it's actually less work to just reinstall Windows freshly on her PC after the data backup) + +3. This implies I don't trust her to hold value, so called Bitcoins on her PC with any wallet. This also implies that I rather would suggest to hold her private keys and passwords. + +4. This also implies that I actually maybe even would suggest her to use a middleman... Coinbase. She did at least never did something awful with her PayPal account, that means I she probably also wouldn't mess with Coinbase, at least not if there is SMS authentification like on PayPal (don't know if Coinbase does offer this). + +5. And the point, something I realize... I do not think that the average people will ever understand how to use Bitcoin, unless they use a middleman like Coinbase. Thus, only a centralized Bitcoin can go mainstream, that's what I do think at the moment. + +Of course, I assume some hardcore people here will flame me to hell for this opinion. But I do more and more think that this is exactly the case. If something will ever go mainstream, then it will most likely not be Bitcoin, it will be a payment provider like Coinbase that makes use of Bitcoin. + +Thoughts? +You are probably checking the bitcoin price, sweating. Maybe you bought this month and are down, maybe you bought a few months ago and until recently, you were up big. I hope you aren't selling. + +I'm not rich, but I had a condo and sold it. You know what I bought? Bitcoin. And guess what-I'm not selling because this is just getting started. + +Most people want to keep you down, to not reach your full potential. To be part of the system, but need the system. Ask yourself: what are the rich doing? I'll tell you what they are doing-they are buying bitcoin, gold, and luxury real estate. + +The system has taken it's logical course and it's worked for a while-about 70 years. Can we break covid and go back to "normal". Sure. Debt will be 30 Trillion. By 2025 50 Trillion and debt to GDP at 200%. And by 2030, the game has fundamentally changed. There's a huge demand for all the cash in the world, and it looks like bitcoin is going to be one of the exits. + +Most people love the system. It comforts them and gives them structure. I'm fine with that. I like comfort too. + +Don't get this twisted-the people at the top aren't smart. They inherited an amazing, once in a 1,000 years system 80 years ago. And what did they do? They destroyed the system and gave the future generations the problems. They have kicked the can of debt down the road. + +I don't think you will ever see a mortgage at 4% again. EVER. +Inflation? Minimum wage will be $15-and that's not even enough. +Imagine paying $20 for a burger/fries/coke. It's coming. + +The traders will tell you "it's going to $25k". I kick myself for not DOLLAR cost averaging over the last 4-5 years. Huge mistake. + +The problems of society will not go away. At best they are delayed. You know why? because our debt is growing much faster than our taxes. And it's about to go exponential. + + +Bitcoin is my insurance policy. +My wife and I live right outside NYC and are moving from our studio co-op to rent a 2 bedroom apartment. + +We're trying to decide what the best course of action is for the studio. Some details... + +I bought the studio in 2013 for $58,000 +Mortgage has been paid off +Monthly maintenance fees (including taxes + utilities) = $400 a month + +Market rent is about $1100 / month +Market sale price is probably in the $95,000 range + +Our new rent is going to be about $2,800/month (closer to NYC, luxury building, etc). We're thinking that the profit from renting out the studio will be nice extra cash to subsidize our rent but also thinking that selling it and banking the $85k-$90k would be nice. Just want to note that we can still afford the new rent even without the rental income (monthly take home pay is $10k excluding bonuses) + +The new apartment is about a 20 minute drive to the studio so we would be around if we need to be landlords. Although I'm not very handy, the co-op has a maintenance department that, in theory, is supposed to help with any small issues. + +Wanted to get PF's opinion on what the best option is here... +The website isn't active yet, but I've heard from 2 different people that they already paid $80 to file because they had their W-2s. They didn't know about the freefile option from the IRS website. Last year the website was active on January 15th. + +Also, one person told me there was a hiccup with getting his stimulus check because he paid to file through H&R Block from his refund last year. But that has been fixed now. + +Edit: it's been gently pointed out that I'm dumb. I forgot to link to the [irs.gov freefile](https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free) website. I was tired when I posted, so I'm not sure if it was intentional or not, but here's the link. + +I know there are other ways/websites that allow you to do your taxes for free or fill out the forms to mail in. I personally prefer to use the IRS provided list though. It just seems like a safer choice to me than duckduckgoing for free tax websites, considering I'm using direct deposit. +I'm relatively new to the debate, very strongly anti-BU/EC but am mildly in favor of/don't see the problem with bigger blocks/a planned hard-fork. Please, educate me on your view as to if the max block size should *ever* change, if not why not, if yes how, etc. +Kenny and Co. can go fuck themselves. They are so fucked. I have money invested in my favourite company that I could really do with right now but would rather lose my house than sell to bail these fucks out. I watch us get shorted everyday and literally do not give a tiny rats ass. Honestly who, after all this time invested in this sub and looking at the fuckery over all this time, would ever sell? Imagine selling because you are bored and then watching the price go parabolic to infinity? You would never forgive yourself which is why you would never sell. Ever. As long as there is a chance that I am going to be rich and that these fucks are going to jail then why would I sell? If I am regarded then I feel sorry for the stupid fucks as they must be more [REDACTED] than we give them credit for. Kenny is so fucked it’s hilarious. Merry Christmas and fuck you Kenny’s shill who is trying to formulate some kind of [REDACTED] response to this because you are the poor junior fuck who got told to stay in the office to shill over the holidays. Bahahahaha. Fuck you. Pay me, my price is $[REDACTED]. +**What is a Pump & Dump (PnD) Group?** + +Pump & dump groups are made up of people seeking profits on crypto market by deceiving others. The deception happens on a number of levels. They deceive their own group members, and people who are new to crypto markets. + +**What is a PnD?** + +It's a modified version of a [White Van Speaker Scam](https://en.wikipedia.org/wiki/White_van_speaker_scam), where a con artist makes a buyer believe they are getting a good price on an item that is actually worth a lot less. They do this by having "plants" in the crowd who assist the con-artist in selling the lie ("yes... I'll buy it too... such a good deal... I'll take three!!!"). They use social engineering to trick the person into buying the useless item, and then they take off with the money. + +The term Pump and Dump comes from the stock markets, but I prefer the White Van analogy as it makes the deception clearer. + +**How PnD groups work (very high-level explanation):** + +**The lead up** + +* Group Insiders organise in private slack/telegram channels. +* Insiders attract fellow PnD'ers (the group Outsiders) to a group on slack/telegram where they promise 20-200% gains if you take part in their scheme. +* Insiders decide on a strategy - choosing an altcoin and exchange to use for the Pump'n'Dump. e.g. Coin: XXYY, Pairing: BTC/XXYY, Exchange: Market123. +* Insiders buy that coin up to a low price in advance of PnP. e.g. 1,000,000 bringing price of XXYY up to BTC 0.00000500 +* Close to the PnD, the Outsiders are informed to get their capital ready for that coin pairing on a certain exchange (usually one of the big ones). e.g. "Get your BTC ready on Market123 for Saturday 1pm" + +**The Pump** + +* At 1pm on Saturday, the Insiders inform the Outsiders of the strategy. e.g. Buy XXYY up to 0.00001000, then we will sell when it gets to 0.00001600 +* Outsiders start to buy XXYY and the price starts to increase. +* At the same time, they flood twitter and reddit with fake news about XXYY and the reason it's increasing. e.g. "Big announcement with Microsoft and XXYY due this week - wall street is buying up the coins with bonuses". +* People who are new to crypto sometimes interpret these signals as a reason to buy. + +**The Dump** + +* When the price reaches a certain point (0.00001200), the PnD Insiders sell their XXYY onto the Outsiders who will buy up to .0001600 and the new people who are buying rumours in a hot market. +* At the end of the PnD, the Insiders have increased their BTC position by up to 100+%, some Outsiders make 10-20%, most buy too late and the newbs overpay for their first investment +* In the days after the PnD, the price drops back down towards 0.00000500 as people realise that the news wasn't true and that they bought the hype. + +**Conclusion** + +IMO, PnD groups are unethical. They operate from a morally ambiguous standpoint of "if people are stupid enough to fall for this stuff, they deserve to lose". I don't accept that as a justification. It's only a matter of time (alas probably years) before authorities start cracking down on these groups. + +In the meantime, all we can do is share info with new people so they don't fall victim. + +Due to the huge influx of interest in crypto right now, it's become very lucrative to organise a group to deceive people. Be aware of how they operate. + +Why do I feel strongly about this? Remember folks... we want people to learn to trust crypto. We need to work as a community to keep it safe and welcoming for new people. + +***TLDR: Scamming newbs is not cool. Pump & Dump groups are scammers who destroy long-term crypto value for their own short-term gains. The best way to stop them is through awareness. Be aware of how they operate and educate others.*** +We are literally building history. So put your space suite on. We going to Jupiter 🛸🛸🛸 + +Also be patient, I saw accounts negative -$50k yesterday at $170. Now they're more than doubled their money. + +If you're stressed easily then stop watching the market. + +Head to r/Moonbets incase this sub crashes again. +I'm 27, saving up for my first house and have been interested in personal finance for the last couple of years. + +I just wanted to ask this community (whatever your age, experience or knowledge), what is your best advice regarding personal finance? It could be something you were told by someone else or something you've done or wish you would've done sooner. + +Post your answers below! Your comment could help others :) +For context, my dad’s friend recently sold his home for 1.5 million. He then bought a house for £650k, and basically instantly regretted the purchase. He’s discovered parts of the home that he just hates. It is maybe relevant that this person is 92 years old, but very much “with it”. My dad is 79. + +The friend is now on the hunt for another house to purchase, but potentially willing to sell the home to my dad for $350k. I just wondered if that would even be legal. Essentially this person would be gifting my dad £300k I suppose. Any thoughts or insights would be much appreciated. +Why is everything so goddamn expensive? Why are wages stagnant? Why aren't there pensions like before? Why do I have to learn about a roth ira and passive income or be fucked at 60? + +95% of my mental energy is spent thinking about money and bills and debt. The only response I get for clarity is "get into tech. Start your own business" completely missing the point that anything less than a 6 figure jobs is pretty much guaranteed to cause stress for a family today (unless you live in a town of 5000 in the mid west). + +Rant over. +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.** +Good morning all, + +I am 26 year old, few months back got my first serious job (that is related to my degree). Now that I have a steady income I feel like I want to be smart about my money, however sadly I have little to no financial knowledge. + +How can I change that? Certain books to read? Podcasts to listen? Newspapers to follow? Please share your advise! + +A bit of background that currently majority of my income is going towards my and my partners newly purchased home, I am aiming at renovating it without any additional loans so doing it slowly but surely, I hope that by the end of next winter most of it will be done and kitchen to be replaced next summery. + +My parallel goal is to gather a savings account that will allow me to cover necessary expenses for 5-6 months. Hoping to have it complete by the end of summer. +I'm a software developer working for a company in London. I want to move to our York office and maintain the same job, same team; essentially working remotely from a different office. + +Obviously salaries in York are less than in London so HR will be asking about a salary change. How should I approach this? Is there a standard amount/% to deduct for a non-London salary? + +I know there's resources for adding to a salary when moving to London but it feels different when it's a deduction and wanted to check if anyone has experience with this. + +EDIT: It's my decision to move, not the company's. I've lived in London 8 years and fancy a change + +Thanks +Hi everyone, I was wondering if I should continue with my pension scheme. + +Background: +I am a 23 year old professional in Cambridge. My salary is £32500, going to £38500 at the end of the year. My pension scheme is an 8% employee contribution + 28% employer contribution, resulting in roughly £1050 a month (averaged over next two years) being deposited a month. My payments into the scheme total £240 a month. I have been in the role for 3 months, during which I lived at home (about 1hr commute, commute costs + helping with bills equalling £500 a month, with savings of £1400/month from this. I wasn't getting along well under this arrangement, so I decided to move to Cambridge itself. + +I'm starting to rent a flat in the city at about £1200 once bills are factored in. I can't go lower than this for a variety of reasons. My partner finishes her MPhil in about 8 months and has a job lined up which requires going to London every so often, so I needed somewhere relatively close to the station with a spare bedroom to turn into a home office. This cuts the saving rate to around £500/month without the pension contribution and ~£300/month once it is factored in i.e: £4000 versus £2400 saved over next 8 months. + +I have a housing deposit saved of around £7000 from this and from previous savings. If I leave the pension scheme, I'd have somewhere between £11-12k saved at the point she finishes and more of a safety net if anything goes wrong. I could then just rejoin it a year later. I don't know if this is a good idea or not though, because while it looks sensible to me, I'm aware I'm throwing away a pretty good pension by doing this. What do you think r/UKpersonalfinance? + +Edit: it's a direct benefit scheme. It's not as great as it looks on paper. +I'm referring to [this post I made](https://www.reddit.com/r/CryptoMoonShots/comments/mdvcah/redp_my_take_on_why_right_now_is_the_perfect/) the other day and [this post here](https://www.reddit.com/r/SatoshiStreetBets/comments/meejv9/redp_token_with_lots_of_potential_perfect_time_to/) made by another passionate member of our community, /u/Rotomboy. I'm not going to bore you with all the long details I wrote up in the original post, if you want to learn more and DYOR then check the links above. + +The reason I'm posting again is to make you aware just **how crazy early it still is.** The team have announced another new feature is coming this evening (European time). I think I know what it is & don't want to spoil it - but it will be yet another innovative gamification of your typical Yield Farms. This is exciting because I've not seen it done before & it's just another method to continue contributing to the **scarcity of both tokens & attract more farmers.** + +As I referenced in the title, $RED-P is now climbing back up to it's ATH of $20. When I made my last post, it was $0.72 and hit $4.65 earlier. To make things even more exciting, if you had bought YELLOW-P when I made that post, you would have **watched it climb from $9.84... to $65.40 earlier today!** They've both dipped a bit since as people took profit (and you'd be crazy not to with those gains) - so this is probably right about a good time to "buy the dip" :) + +**Quick TL;DR for those of you who decide not to click and read the more extensive threads I linked above:** + +* Both tokens have a limited supply, with tokenomics to **burn more with every transaction** and add to the liquidity pool + distribute to farmers. There is *less than 100,000 RED-P and less than 10,000 YELLOW-P* and over time, these numbers will continue to decrease, driving more and more demand. This isn't like your typical Yield Farm that mint new tokens every block. +* There's a dynamic transaction limit to stop whales from dumping massive amounts of tokens and crashing the market +* The fee structure (which you can read more about in the thread above) is made in such a way that it incentivizes people to farm and hold, rather than pull out profits too often. Yet another good way to increase demand. +* There's a YELLOW-P jackpot with a 1/10 chance to win 10% of it and **1/100 chance to win ALL OF IT**. You roll this chance every time you make a transaction for YELLOW-P. Someone won nearly $500 a few hours ago. +* The tokens are linked. You can't buy YELLOW-P without first buying RED-P to swap to it with. This is just another way of increasing demand. + +So, why am I so excited? Apart from all the reasons listed here and in the previous threads - just look at the big picture. This isn't some meme-token with no use-case. If either of the tokens were to hit $1000 each, they would **still be less than $100m market cap**. *How crazy is that?* And to top it off, the combined $TVL of both tokens is still **less than $200k!** In a world where a meme-token like Hoge or Safemoon can hit $200m market-cap just through hype - where do you think a token that actually has a tiny supply will go? And the best part is, you can either hold or you can stake in the farm and watch your passive income trickle in. + +Anyway, I will let you make your own decisions based on the merits here and in the previous threads. Please see below for all the details: + +💊 **$RED-P - https://red.pill.finance** + +* Total supply: 100,000 +* Initial circulating supply: 25,000 +* Ticker Symbol: RED-P +* Transaction fee: 1% (30% instant burn, 70% will flow back into the yield farm pool) +* [Max transaction size](https://i.imgur.com/llwSpFj.png) +* [Reward per block](https://i.imgur.com/Ykzkn3v.png) + +💲 **How to buy** + +* 1-2% slippage should be fine +* You can buy direct on the Red Pill site: https://exchange.pill.finance/#/swap +* You can also buy on Pancakeswap if you wish: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x137fAAD0d13813ef8D4CBBB336F0E01066B2C9B4 +* Price chart: https://red.pill.finance/chart +* BscScan: https://bscscan.com/token/0x137fAAD0d13813ef8D4CBBB336F0E01066B2C9B4 + +💊 **$YELLOW-P - https://yellow.pill.finance** + +* Total supply: 10,000 +* Initial circulating supply: 1,000 +* Ticker Symbol: YELLOW-P (Why didn't they choose YELP lol) +* Transaction fee: 9% (10% instant burn, 20% in jackpot, 70% will flow back into the yield farm pool) +* [Reward per block](https://i.imgur.com/E3d97Bt.png) + +💲 **How to buy** + +* You can buy direct on pill.finance: https://exchange.pill.finance/#/swap +* You can also buy on Pancakeswap if you wish: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xa99b1198C19Fb05d004C4fa5a3C9d29F33B5a687 +* Price chart: https://yellow.pill.finance/chart +* BscScan: https://bscscan.com/token/0xa99b1198c19fb05d004c4fa5a3c9d29f33b5a687 +* **REMEMBER** - you swap RED-P for YELLOW-P. That's where all the liquidity is in the farm. You will need 10-11% slippage due to the 9% fee for buying, which gets redistributed as shown above. + +🔗 **Links & resources** + +* Main website with all the info about both tokens you will ever need: https://www.pill.finance/ +* RED-P Farms and Pools: https://red.pill.finance/ +* YELLOW-P Farms and Pools: https://yellow.pill.finance/ +* FAQ: https://www.pill.finance/red-pill/faq +* Twitter: https://twitter.com/PillFinance +* Telegram: https://t.me/pillfinance +* GitHub: https://github.com/pillfin + +One last thing to mention. In my last thread, I made a point to say there were a small number of holders. I've now realized we can't really look at this figure since any sensible person will be staking their tokens in the farm, thus would not show up as a holder on BSC scan. So don't be put off by those numbers, those are people who either have dust-amounts of tokens or simply don't know their true potential :) + +As always DYOR & this is not financial advice :) + +EDIT: The new feature is a coinflip game that burns some of the tokens and transfers some to the jackpot! + +https://red.pill.finance/coinflip +I'm referring to [this post I made](https://www.reddit.com/r/CryptoMoonShots/comments/mdvcah/redp_my_take_on_why_right_now_is_the_perfect/) the other day and [this post here](https://www.reddit.com/r/SatoshiStreetBets/comments/meejv9/redp_token_with_lots_of_potential_perfect_time_to/) made by another passionate member of our community, /u/Rotomboy. I'm not going to bore you with all the long details I wrote up in the original post, if you want to learn more and DYOR then check the links above. + +The reason I'm posting again is to make you aware just **how crazy early it still is.** The team have announced another new feature is coming this evening (European time). I think I know what it is & don't want to spoil it - but it will be yet another innovative gamification of your typical Yield Farms. This is exciting because I've not seen it done before & it's just another method to continue contributing to the **scarcity of both tokens & attract more farmers.** + +As I referenced in the title, $RED-P is now climbing back up to it's ATH of $20. When I made my last post, it was $0.72 and hit $4.65 earlier. To make things even more exciting, if you had bought YELLOW-P when I made that post, you would have **watched it climb from $9.84... to $65.40 earlier today!** They've both dipped a bit since as people took profit (and you'd be crazy not to with those gains) - so this is probably right about a good time to "buy the dip" :) + +**Quick TL;DR for those of you who decide not to click and read the more extensive threads I linked above:** + +* Both tokens have a limited supply, with tokenomics to **burn more with every transaction** and add to the liquidity pool + distribute to farmers. There is *less than 100,000 RED-P and less than 10,000 YELLOW-P* and over time, these numbers will continue to decrease, driving more and more demand. This isn't like your typical Yield Farm that mint new tokens every block. +* There's a dynamic transaction limit to stop whales from dumping massive amounts of tokens and crashing the market +* The fee structure (which you can read more about in the thread above) is made in such a way that it incentivizes people to farm and hold, rather than pull out profits too often. Yet another good way to increase demand. +* There's a YELLOW-P jackpot with a 1/10 chance to win 10% of it and **1/100 chance to win ALL OF IT**. You roll this chance every time you make a transaction for YELLOW-P. Someone won nearly $500 a few hours ago. +* The tokens are linked. You can't buy YELLOW-P without first buying RED-P to swap to it with. This is just another way of increasing demand. + +So, why am I so excited? Apart from all the reasons listed here and in the previous threads - just look at the big picture. This isn't some meme-token with no use-case. If either of the tokens were to hit $1000 each, they would **still be less than $100m market cap**. *How crazy is that?* And to top it off, the combined $TVL of both tokens is still **less than $200k!** In a world where a meme-token like Hoge or Safemoon can hit $200m market-cap just through hype - where do you think a token that actually has a tiny supply will go? And the best part is, you can either hold or you can stake in the farm and watch your passive income trickle in. + +Anyway, I will let you make your own decisions based on the merits here and in the previous threads. Please see below for all the details: + +💊 **$RED-P - https://red.pill.finance** + +* Total supply: 100,000 +* Initial circulating supply: 25,000 +* Ticker Symbol: RED-P +* Transaction fee: 1% (30% instant burn, 70% will flow back into the yield farm pool) +* [Max transaction size](https://i.imgur.com/llwSpFj.png) +* [Reward per block](https://i.imgur.com/Ykzkn3v.png) + +💲 **How to buy** + +* 1-2% slippage should be fine +* You can buy direct on the Red Pill site: https://exchange.pill.finance/#/swap +* You can also buy on Pancakeswap if you wish: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x137fAAD0d13813ef8D4CBBB336F0E01066B2C9B4 +* Price chart: https://red.pill.finance/chart +* BscScan: https://bscscan.com/token/0x137fAAD0d13813ef8D4CBBB336F0E01066B2C9B4 + +💊 **$YELLOW-P - https://yellow.pill.finance** + +* Total supply: 10,000 +* Initial circulating supply: 1,000 +* Ticker Symbol: YELLOW-P (Why didn't they choose YELP lol) +* Transaction fee: 9% (10% instant burn, 20% in jackpot, 70% will flow back into the yield farm pool) +* [Reward per block](https://i.imgur.com/E3d97Bt.png) + +💲 **How to buy** + +* You can buy direct on pill.finance: https://exchange.pill.finance/#/swap +* You can also buy on Pancakeswap if you wish: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xa99b1198C19Fb05d004C4fa5a3C9d29F33B5a687 +* Price chart: https://yellow.pill.finance/chart +* BscScan: https://bscscan.com/token/0xa99b1198c19fb05d004c4fa5a3c9d29f33b5a687 +* **REMEMBER** - you swap RED-P for YELLOW-P. That's where all the liquidity is in the farm. You will need 10-11% slippage due to the 9% fee for buying, which gets redistributed as shown above. + +🔗 **Links & resources** + +* Main website with all the info about both tokens you will ever need: https://www.pill.finance/ +* RED-P Farms and Pools: https://red.pill.finance/ +* YELLOW-P Farms and Pools: https://yellow.pill.finance/ +* FAQ: https://www.pill.finance/red-pill/faq +* Twitter: https://twitter.com/PillFinance +* Telegram: https://t.me/pillfinance +* GitHub: https://github.com/pillfin + +One last thing to mention. In my last thread, I made a point to say there were a small number of holders. I've now realized we can't really look at this figure since any sensible person will be staking their tokens in the farm, thus would not show up as a holder on BSC scan. So don't be put off by those numbers, those are people who either have dust-amounts of tokens or simply don't know their true potential :) + +As always DYOR & this is not financial advice :) + +EDIT: The new feature is a coinflip game that burns some of the tokens and transfers some to the jackpot! + +https://red.pill.finance/coinflip + ***Why do thousands of investors want that slice of $PYE?*** + +&#x200B; + +❗️ The only charity token with an actual use case and donated nearly 450k to AAH! + +❗️ PYEcharts in two weeks (Check Twitter, YT etc. for that sneak peak) + +❗️ 21k+ core holders HODLING strong!!! + +❗️ Stable $17M+ marketcap! + +❗️ PYEwallet and other big game changing tech following within a month! + +❗️ Soon to be on: Bitmart, Hotbit, Huobi, Coinsbit, Bibox and much more! + +&#x200B; + +**There are no other solid use cases with a future like this!** + +&#x200B; + +⚡️Over 15,000 core members can’t be wrong -\[ [https://t.me/creampyetoken](https://t.me/creampyetoken%E2%9A%A1%EF%B8%8F) \]-⚡️ + +&#x200B; + +**In just the last 6 weeks we’ve accomplished:** + +&#x200B; + +\- Audit completed by Hacken + +\- Proudly donated nearly $400k to charity and continuing! + +\- Coin Market Cap (28.000 on watchlist!!) + +\- CoinGecko + +\- Whitebit and Probit listing + +\- Multiple HUGE partnerships with BIG influencers and MUCH more coming! + +\- Blockfolio + +&#x200B; + +**CreamPYE has been under promising but over delivering as always and we're not changing that.** + +&#x200B; + +\- PYEcharts live within 2 weeks to change the world of crypto as you know it! + +\- PYEwallet soon to come online to fix all your problems! + +\- Partnered with Shopify and other big companies, pay with $PYE soon! + +\- Doxxed dev team of 15+ members all over the internet! + +\- Fully audited, 100% passed. + +\- Weekly live AMA with the CEO / CTO / CCO + +\- We love some **Apple** PYE + +&#x200B; + +**Visit our websites and social media, do your own research and join the game changing crypto technology before it's too late so we can't say we didn't tell you!** + +&#x200B; + +**Official links:** + +Website: [https://creampye.com/](https://creampye.com/) + +Official Telegram: [https://t.me/creampyetoken](https://t.me/creampyetoken) + +Official Discord: [https://discord.gg/nVD5G2VmuY](https://discord.gg/nVD5G2VmuY) + +Contract address: 0xaad87f47cdea777faf87e7602e91e3a6afbe4d57 + +Twitter: [https://twitter.com/creampyetoken](https://twitter.com/creampyetoken) +Hi fellow finance conscious redditors, + +Recently there was a post on the front page of reddit about how $45,000 a year was difficult to live on in certain areas of the country. Primarily in large expensive cities. While the premise is not inaccurate (depending on some context and individual variance) I noticed the comments proclaiming that $45,000 a year in general was not much money. + +But I want to dismiss this narrative. I think it is false and I want to put it into some quick numbers to demonstrate this. Keep in mind the following examples are from my own perspective, and may miss some elements. If you feel that something important or obvious was not mentioned, please let me know. + +First off, we're assuming an annual before-tax income of $45,000. In the USA, on average, this would translate to roughly $36,000 in after-tax income. + +* Rent: $1,000 (Using data from http://www.myapartmentmap.com/rental_data/ for an average one bedroom apartment) +* Food: $300 +* Utilities: $250 (electricity and internet) +* Car: $250 (bought used - only paying gas, maintenance and insurance) +* Health Premiums: $235 +* Clothes: $50 +* Cell Phone: $50 +* Miscellaneous: $40 (toiletries, spur of the moment expenses). + +Total: $2,175 per month to live quite well in the averaged out prices of the USA. + +Per Year: $26,100 + +This means at the income of $36,000 a year, your total annual savings will be essentially $10,000. + +Now, this assumes a few crucial things. The first, you don't have student loan debt. If you do, that savings rate could easily drop by $2,500 a year. Still, that would leave you with $7,500 saved per year. Not terrible. + +The second, this assumes absolutely no drugs. No cigarettes. No alcohol. These are very significant expenses. In fact, combined, they can dwarf student loan payments. + +Third, this assumes you aren't eating out every other day. At $300 a month for food, you can eat out once, maybe twice per month. + +Fourth, you aren't going to be the best dressed person in the room. $50 a month isn't much for clothing, but it is more than livable. + +And fifth, you have to drive a used car. It doesn't have to be very old, just used. If you buy new, the monthly car price category could easily double. + +Now you can increase your savings rate by making further cuts. For me personally, I can get by on $250 a month on food. I also don't drive. I walk / bike / take the bus. That's $300 less already. + +I also don't run the heat / AC much and take short showers. Electricity could easily be $50 cheaper for me. + +Just taking those numbers, that would save me an extra $4,200 a year. + +That would be $14,200 saved per year. + +This amounts to $165,727 saved after ten years, at a modest 3% interest. + +If you start doing this at 20, or 25, you could have nearly $200,000 by the time you're 35. +By the time you're 45, you'll have $389,352. +55, $691,101 +65, retirement age, $1,100,000. + Social security. + +At $5,000 less than the median income in the USA, you can be $100,000 over a millionaire by the time you retire, at an extremely modest 3% interest rate. Bump that to 5% and you're at $1.8 million. + +To be fair, this does assume your income increases with inflation, but that isn't too hard. It also assumes that you don't have kids (again this is largely speaking from my perspective so it won't fit everyone perfectly). + +With kids, that could drop significantly, though even then, you're still looking at a very healthy retirement. + +Also, the above calculations were factoring in my increased rate of saving of $14,200 per year. At $10,000, by 65 (starting to save at 25) you'd have $773,336 saved at 3% interest. At 5%, you'd have $1.27 million. + +All I wanted to do here was show that it is possible to live very well and still save for retirement, even at less than the median income in the USA. It just requires a bit of planning and willpower. + + +Hi all thanks for taking the time to read my post ! By the end of the summer ,from my recent stint at amazon, I would have amassed Ten thousand pounds and I’ve never had this much money. From lurking on this sub I can’t seem to work out where to put it in order to create max returns. I have no reason to access the money since during my final year of university il live entirety off my student loan. + +Any advice or pointers would be greatly appreciated since from what I understand, sitting in a current account would be no good ! (20 years old, final year at uni) +Hi guys and gals, + +I'm planning to write a short(ish) essay to explain Bitcoin and the benefits it brings to the global population to my girlfriend and immediate family (and quite possibly publish it online somewhere as well if I deem the end product to be worthy of it). + +In order to stay objective, I want to include the best critiques against Bitcoin (and rebuttals to them of course, if there are any). + +So, **in your opinion, what have been the best arguments AGAINST Bitcoin**? What was the thing that held you back from buying BTC when you first heard of it? And last but not least, if and how have these arguments/concerns been invalidated to your knowledge? +They brought him on to talk about Bitcoin and he just spent the entire time pumping BCash and trashing Bitcoin. It was cringeworthy. He's going to cost a lot of people a lot of money. Not sure why CNBC gets people like Ver or old codgers like economists who have no idea why this fancy new money has any value. + +How do we get Andreas on CNBC? Does anyone here know someone at CNBC? Does anyone know Brian Kelly? +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 have a car advertised, I was contact by someone that I immediately got scam vibes but went along with it, they organised to look at it, so I said no worries, will meet at the local shopping center, then they changed they're mind and organised for a mechanical inspection, saying they'd pay for it and they would get into contact with me in the next day, and they paid a $100 deposit via direct bank transfer for me to hold the car pending inspection, then offered me $4'000 below my asking price to take it with no road worthy (road worthy after a $500 non refundable deposit for those who commit then back out of the sale after ive paid for the roady). + + +Then messaged say they mixed up cars and they thought they were talking to another seller and to keep they're $100. + + +I'm befuddled, I've got no idea what to make of this exchange, are there any known scams like this? +I work in the food industry at a chain restaurant. My boss has had a pretty rocky history with managers. Since he bought our store, he has went through 2 managers (both who worked for him before and still work for him) and both haven't done a good job, leading to him sending them to other stores. Since then, another worker and myself have been taking on the responsibilities of managers, i.e. managing the money, changing the "face" of the store every month, ordering product, etc... until the our boss finds someone who can effectively fill the position. + +Here is the issue though. I recently asked him if he found anyone to fill the position, and he told me that the store is running well, and he doesn't want to push anyone into the position, which I understand, but this isn't what we agreed. I am in college, and looking for internships as I have less than a year left. Already, these extra responsibilities are taking time out of my schoolwork and my life. Even yesterday, I had to stay late because a coworker didn't show up for work, and I lost a day on a paper I have to write. I was also at the store on both of my days off this week to help co-workers fix a problem that they caused with the money in the cash register. Long story short, I feel I can't keep doing this without a raise and I want to ask for one, but I don't know how. I would also be okay with splitting a raise with the coworker who is helping me with these responsibilities, because he deserves one too. I just need something to make this worth it. +That is, CNBC, Cramer, Motley Fool, and the rest. + +Let’s call the ~MSM~ corporate media propaganda narrative machine Betty, for the sake of this post. + +Betty has been telling our parents and grandparents and even their grandparents how to invest and what to believe about the world around them for a very long time. And up until this generation the habit was passed down to the next without fail. With the rise of computers, smart phones, and the internet, things have changed drastically with respect to where people get their information. + +What you consume is not just Betty’s choice anymore, and the range of content creators has increased well over a thousandfold. DFV has his stream now where he can discuss stocks and theories on the markets with a wide audience, instantly, and completely free of the influence of Betty. + +This is what led to the apes, aka the “Retail Investors”. We are Neo. Unplugged from the matrix and able to fight back. The reason the markets are “more volatile and unpredictable” (according to Betty) isn’t just because of the “Retail Investor”, it’s way more complicated and important and profound than that. It’s “unpredictable” because Betty is not *dictating* it anymore. Betty no longer owns the story. + +Think about it, Betty has known for a long time that it’s all a self-fulfilling prophecy kind of thing. Early on in the 20th century the news was simply reported on like most children believe it still is today, but we know from the stock market crash that led to the Great Depression that Betty has a greater responsibility in the whole matter than just reporting on what *has* happened. When reporting that the stock markets are crashing, Betty effectively scares everyone into believing it and it crashes harder as they panic. Betty has learned over many years of practice that exactly how the story is reported inherently influences the way the story plays out. That’s why when inflation numbers are reported they’re sugarcoated, and Cramer tells people to invest in things right before they fall, not only do they make money from shorts but it also keeps the narrative out of doom and gloom crash territory and they can keep the Casino running. Cramer loves Sucking on Betty’s fat tits. + +And thats how Betty found that she could essentially control what happens in the markets by controlling the narrative and the resulting price moves in the market. Until Betty lost control. + +And that’s what’s happening now, and Betty is doing her best to gain control back because she has realized that the jig is up and the Game has Stopped. That’s why this sub is constantly inundated with shills and a constant mess. Betty is gasping for her last breath. + +So we are Neo, and we are gonna make Betty shit her fucking pants. + [https://www.cityam.com/ir35-reforms-to-be-delayed-for-a-year-due-to-coronavirus/](https://www.cityam.com/ir35-reforms-to-be-delayed-for-a-year-due-to-coronavirus/) +For a company like Tesla, with a P/E ratio of 1.29K, does this mean that for every 1 dollar gain, people are willing to pay $1,290 dollars per stock? + +Also, what is considered a "high" or "low" P/E ratio? All the examples online just say high or low but no real numbers. + +Apparently on past examples/posts, this means that for every $1,290 worth of stock I buy, I get in return $1 of earnings. This doesn't make sense as my gains on this company is well over $1 per stock that I own. +When did you get out, and why did you make that decision at the time you did? Do you have a plan for reentry? I was completely out in January, saying I wouldn't invest until inflation trended in the right direction. It was an amazing decision, and super simple. But I was weak, and my stock purchases trickled back over this year, and its cost me around 30%. And now, when I would rather buy property, rates suck. +One of the things I like about finance is that people in this field are not idealistic; they are not fooled by hazy claims or utopian ideas. A lot of the time, finance people are grounded, if sometimes too cynical. Financiers know how incentives make things happen, and how business models and industries based on the right incentives produce better results than bad business models. + +Because of this, there's one thing I don't get: credit rating agencies. + +Why the fuck does the finance industry tolerate companies paying an agency to get their credit rating? The incentives this create are horrible for anyone who wants a good understanding of a company's credit. This is why I can't pay Equifax to boost my credit score; the idea is absurd, and even a child could see how this could cause all kinds of disasters. So why is this thing common in the finance world, and accepted as the way things are? +tl;dr my Grandad passed away earlier in the year, my Dad and his siblings are selling my Grandad's house and will be getting about £40,000 each from the sale. My Dad wants to use half of his share to pay off his own mortgage, and wants to give me the other half so I can put it down as a deposit for a house for myself. + +He reckons he's done his research and says he can give me around £20,000 without anyone needing to pay tax on it. I've tried looking this up and keep reading conflicting information on it, some sources saying you can only give away £3,000 a year without it being taxed, and some sources saying parents can give their an unlimited amount but it will affect inheritance tax on anything my Dad would be leaving to me when he passes away. + +Obviously I don't want either of us to accidentally break the law so I want to make sure it's all good before he gives me the money. I am over 18, if it makes any difference. +I noticed a bit of a loophole a while ago with personal loans from various providers. I used the loophole myself in the past and advised my friend to when he was buying car and almost took out a £4800 loan at a high rate and it worked for him too. + +[I've also mentioned it on another post today](https://www.reddit.com/r/UKPersonalFinance/comments/ok09v3/would_you_take_out_a_loan_to_get_implants_for_2/) but as it's quite a helpful loophole I felt it could benefit the community to have it highlighted in its own post. + +So, let's get into it... + +There seems to be a trend amongst personal loan providers, where the advertised interest rate seems to go in 3 tiers (each provider may vary, but I've seen quite a few with these tiers): + +* < £5k very expensive (e.g. 10% APR) +* 5k - 7.5k quite expensive (e.g. 4%) +* £7.5k+ cheapest (e.g. 3%) + +So the more you borrow, the cheaper the rate you'll likely get. Combine this with the fact that a lot of providers allow to overpay without any charges or penalties... you may see where I'm going with this... + +Basically, if you need to borrow less than £7.5k (or whatever the threshold is for the cheapest rate with your provider) just borrow £7.5k and then repay the extra that you don't need straight away. + +For example, say you want to borrow £4k for a new car. You either: + +1. borrow £4k and pay 10% APR on that £4k, or... +2. borrow £7.5k at 3%, pay back the £3.5k you don't need as soon as you can and then you're only paying 3% on the £4k you actually want to borrow. + +I'd be interested in knowing if there are any downsides to this (e.g. negatively impacting your score or if any loan providers block this kind of behaviour) but in my experience it's worked well and saved hundreds in interest. The big risk I can see is people planning to do this, but then seeing the extra money in their bank and spending it instead of paying it back. You'll need to resist this urge! + +Sorry if this is common knowledge. Even if it helps 1 person save hundreds of pounds in interest, I suppose it's worth the time taken to type this out :) +For example, these seem to be pretty standard in the US. You lock in an interest rate when you get the mortgage and thats it, no renewing the loan every 3, 5, 10+ years. + +Where as in the UK, 30 year fixed rate mortgages are basically unheard of. What gives? +hello, I just wanted to say thanks to everyone in this sub. +I’m 22, 7 months into my first full time job and thanks to this sub I have gone from being too scared and anxious to even open my mobile banking app & see if I had gone into my student overdraft, to now having an emergency fund and starting to build a deposit for a house. + +Today I saw my HMRC bonus get paid into my LISA account. It felt really great to see that amount and it’s motivated me to keep on working on my saving. Before reading this sub I kept any savings I had in a 0.2% savings account and had no idea there were any other options available. So thank you for your advice! You have given me the confidence to actually think about money and helped me make better decisions that will really help me. +Vanguard Federal Money Market Fund (VMFXX) shows .3% now, and is equally abysmal until you hit the 10 year average mark where it jumps to over 1%, then hits 4.41% average since inception (1981). Why was it so good in the 20th century and so bad now? + +I'd guess the change came in 2008 or so with the crash? I've heard of "interest rates being low"... is that why? What does it all mean and will it ever get better again? If it does get better, will that mean inflation will likely get higher again? + + +Rivian Automotive Inc., the maker of electric pickups backed by Amazon.com Inc., has filed for an initial public offering and is seeking a roughly $80 billion valuation, according to people familiar with the matter. + +The Irvine, California-based startup said in a statement Friday that it submitted its S-1 registration to the Securities and Exchange Commission, confirming an earlier report by Bloomberg News. The company would like to do an IPO around the Nov. 25 Thanksgiving holiday, said the people, who asked not to be identified because the filing was confidential. The timing will depend on approval from the SEC. + +Should Rivian go public at an $80 billion market capitalization, it would be one of the biggest debuts on that basis this year. With $10.5 billion raised from backers including Amazon and Ford Motor Co., an established factory in Illinois and thousands of reservation holders for its R1T truck and R1S sport utility vehicle, Rivian is among the most serious competitors lining up to take on electric-vehicle leader Tesla Inc. + +https://www.bloomberg.com/news/articles/2021-08-27/rivian-is-said-to-file-for-ipo-seek-about-80-billion-valuation +Read with photos here: https://docs.google.com/document/d/1nzWLB-mxQ1lqzaNBWUYdPxe7dMNHZEZEkzB6Fw1T-IE/edit?usp=sharing + +*tl;dr*: **IN MY OPINION** WeWork is at best an incredibly tenuous business idea that operates on the idea that their growth, building construction, and the economy as a whole won’t slow down in the next 2 years and at worst is structured like a Ponzi scheme that only works if it is able to infinitely increase the number of tenants and buildings if it can’t break even. Their financials look worse and worse and are predicated on multiple bad ideas, mainly how they account for deferred rent as subletters and their “growth model”. Please don’t sue me. + + +This all comes from their SEC S-1 filing: + +https://www.sec.gov/Archives/edgar/data/1533523/000119312519220499/d781982ds1.htm#fin781982_2 + + +-- + + +HELLO to all the autists, trolls, suckers, Young Billionaires, bagholders… and yes, even the hater’s. I’m Tales of Stock’s, your new god and the man who will singlehandedly bring down Citron Research as the #2-ranked Lemon Party on the internet. Let me break it down right quick why WeWork is a complete shitshow. You ready? I’m ready like Tevin Campbell. Okay let’s get serious, the joke’s stop here |. + + +What is WeWork: WeWork rents buildings from landlords and designs trendy, rentable small workspaces for gig workers and small business. WeWork promises landlords it will fill their building consistently in exchange for a lower overall rent in total. It attracts customers through lower rents in shared spaces compared to finding their own offices, and the trendy idea that it’s fun to work in a glass room with 500 people eating instant udon outside your office, and, if you’re a woman, occasionally looking at your body for a few milliseconds and wondering if you’ve watched Stranger Things season 3 too, nah you probably haven't I should just get back to my work. + + +Alright, this is the cruncher: WeWork charges too low of rent, and so it loses money, but if it charges higher rent it will lose occupancy and will, again, lose money. This is a no-win company and the growth it would need to prevent several more years of increasing losses is unrealistic. This follows the same “subsidize to grow” growth model that Uber also takes. They are betting they can pay their deferred rents by forcibly growing out of their existing, ever-increasing debt. However, WeWork’s situation is far more precarious - Uber drivers wouldn’t be able to taxi fares around if Uber were to go bankrupt, and largely don’t need Uber to survive. However, landlords that own their buildings can still rent their buildings to businesses with or without WeWork, albeit possibly not as easily or stylishly (depending on your opinion of darkly dyed woodgrain benches and white sofas). + + +WeWork’s current business model involves them successfully finding, signing and building 1,250,000 more workspaces in the next 18 months. To put that into perspective, at an extremely generous 1000 spaces per building, that’s over 1200 new buildings found, signed, designed, leased and filled in 2 fuckin' years, that's 2 damn buildings a damn day. Check this: A massive portion of WeWork’s financials counts the design and interiors of the spaces they lease as assets in their valuation, which is incredibly hard to valuate and shaky accounting at best and possibly fraud at worst (again please no libel suit, thanks Neumann). We should note that even with all 1.9 million workspaces active, they won’t be profitable. + + +Their business plan can be simply shown in the following laughable infographic of a child’s see-saw: + +https://i.imgur.com/UMXCH9J.png + + +edit: **[LOL I JUST REALIZED OVER HALF OF THEIR OFFICES MIGHT NOT EVEN EVER EXIST, SERIOUSLY LOOK AT THIS](https://i.imgur.com/zgwIk3a.png) <-----** + + +They acknowledge the economics of their situation are precarious themselves in their risks and challenges sections: + +https://i.imgur.com/YMfcXII.png + +https://i.imgur.com/joZNbuz.png + +https://i.imgur.com/if0miur.png + + + + + + + +Also funny: All of its JV and VIE are losing money in China, Japan and India and are much more likely to withdraw than US-owned landlords, because we all know how fickle Asians are. + + +WeWork believes that it can have its leased offices profitable in 6 months but there’s no evidence that any of their leased spaces have ever actually turned any profit (Key point: **notice how much it looks like an erect dong and balls**). (5): + +https://i.imgur.com/rmGgJIj.png + + + +What now follows is an examination of their financials in the S-1, feel free to let your eyes glaze over and the photons hit your retinas as you pretend to understand what you’re seeing. + + +**Deferred rent** is possibly the most massive problem that will come to fruition for this company. WeWork had almost $3 billion in unpaid deferred rent to its landlords that at some point will have to be paid. (F-35): + +https://i.imgur.com/aLp2af1.png + +https://i.imgur.com/40HELIO.png + +Unclear repayment: + +WeWork’s senior notes repayment of its loans looks a wee tiny bit sketchy after 2024. (F-36): + +https://i.imgur.com/Hh2u3m5.png + + + + + +In 2020 alone they will have a nearly 50% jump in their future rental minimum payments and for some reason expect a plateau followed by a massive jump after 2024 which isn’t properly explained other than "The future, lol!!!!", that's a big yikers. (F-59): + +https://i.imgur.com/ucO2OaB.png + + + +WeWork is not paying off debt despite cash injections from investors like SoftBank. You'd probably do well to just do the opposite of whatever they invest in because SoftBank Group's execs are completely clueless when it comes to foreign investment. (F84): + +https://i.imgur.com/KLsmVsw.png + + +Shareholders are currently bagholding $2.3 billion, lol. (F-70): + +https://i.imgur.com/5pA2Uha.png + + +Absolutely disgusting net losses per share. And this is BEFORE the IPO. (F-126): + +https://i.imgur.com/5sz7hI6.png + + +Neumann’s compensation itself is a complete mess. (Please don’t sue me) (186): + +https://i.imgur.com/hxcMfCZ.png + +-- + +Nuclear-Hot Takeaways From Quizno's: + +* WeWork has never made any money and already owes an insane amount of money and will likely only owe even more money in the future relative to their size. + +* A piping-hot economy is boosting gig work and increasing the pool of gig workers as viable tenants, however (see next point!!!) + +* Gig work and small gig work companies is the main business funding shared space and is extremely susceptible to economic downswings. + +* Shared space is likely a trend, not a new norm, once people get sick of pretending to be Japanese or the economy drops and people realize you don't need an $800 a month office for your DeviantArt page. + +* Even if WeWork had 100% capacity filled it still wouldn’t be profitable with how they structure their business. + +* If at any time they lowered rents on their tenants, it would bankrupt them. Raising rents to pay their currently deferred rent would lower occupancy and would bankrupt them. + +* In the next 18 months expect an insane amount of landlord litigation for unpaid rent. + +* (Extremely Borat voice): WeWork, wah wah wee wah! + + +-Prediction Dereliciton Zone-: This company’s stock will be worth $3.50 by this time 2024 (if it ever actually IPOs). + + +Everything I have typed here in my opinion and don’t trade based on people’s opinions and I take no responsibility for anything, I mean in general in my life like my nonexistent kids or my job, but especially with regards to your trading, so don’t do anything I say you should do (but you know you will, you complete monkey). + + + +Thank you for attending my full-front nudity TED talk and may G*d Bless Your Mess. + + +RemindMe! 5 years. + +edit: Thank for reddit gold, whoever you are. I have no idea what it does, but I'll be sure to cherish this for the rest of my life and talk about it at length in my suicide note. edit 2: stop edit 3: someone gave me 6 reddit platinums, what the fuck is that even. next DD: Is reddit fraudulent, or a ponzi scheme? +I'm a married 30 year old. Fully funding all our necessary accounts. I have about 10k or so in a taxable brokerage account that I am trying to spread around into things that interest me and are also good "hold forever" kind of stocks. I already have good diversification and dividend picks in ITOT (total US etf), JNJ, T, CMCSA, and SO. I did some more digging and came upon BEP (Brookfield Renewable Partners). + +I was wondering if this is a good stock to buy and hold forever. + +The things I like: +- the industry is stable and will probably grow massively by the time I retire +- solid financials (good and growing cash flow) +- the dividend is already pretty high at around 5% and seems pretty reliable + +The questionables: +- fairly new company when compared to the bigger dividend names +- somewhat inconsistent EPS (seems the norm in renewables) + +Anyone on here holding this stock or have looked into it and walked away? Any thoughts are greatly appreciated. +Mid-40’s couple with young children living in the Bay Area. Net worth is $9M (excluding our business) and annual gross income is $3M, but take home after taxes is only about $1.4M because some of the income stays in the business which is growing. + +I’ve rented my whole life because it’s always seemed the better financial decision. However, one downside to renting is that the really nice homes aren’t usually available to rent (or rarely come on the market) and lately we’ve been thinking about buying so that we can live in a nicer home. + +We currently rent a reasonably nice home at $6k/month. A home that would be better enough (better location, better design, bigger, views) to be worth buying, in the area we want, would be $4.5M+. I think our rental is a good value and I don’t find it worth the effort to buy a home that is not appreciably better than our current rental. I also don’t like spending time doing house maintenance and appreciate how renting frees me from it. + +When I run the calculations based on our income, we should be able to afford a $4.5M home. However, some part of me balks at spending so much on a home. Our rental costs $72k/year and the interest/tax/maintenance on a $4.5M is I estimate about $200k/year. + +One thing we’ve also thought about is that with our current rental, we don’t stress about our business suffering a downturn because our living expenses while renting are very reasonable. Taking on a large mortgage would probably change that. + +Should we continue renting or buy a nicer home? +I'm in a unique situation, and looking for advice to see if anyone on here has done the same or has any advice. I'm 27 years old, I have a remote business, NW of \~$3,000,000, making \~$1mill / year. I fully expect to hit $5mill-7mill net worth by the time I'm 30. + +I was born on west-coast with all my family here, while my partner was born on the east-coast and all of her family is back there. We have been together for 3 years and want to start a family, however she is feeling homesick and wants to move and raise kids back east, while I want to stay out west and raise kids here. We are struggling to find a compromise, especially when factoring in kids in a few years. + +I suggested we could purchase a home in both locations, and rotate 6 months between cities. However with kids in school, that makes it extremely difficult. The only solution that I can find at the moment is home-schooling our kids and rotating locations, putting them in sports in both cities and laying down foundation for proper socializing as they are growing up. + +Does anyone have experience in living in 2 locations while raising kids? I would love some advice or suggestions. +Right now I'm pretty close to my desired fatFIRE level +Currently around 4m liquid investments, 32 years old, married, 3 kids +Working for FANG company as Software Engineer (principal level) +Income is around 600-900k per year (salary + bonus + RSU) +If I stay here for 5 more years I'm sure I could be around 7.5m + +I have an offer to join a startup (as director of engineering) with a nice options package. This company seems to be on a great upwards trajectory and if things take the happy path I could walk away with 10m+ after 4 or 5 years. Of course it could fizzle out but I figure I can try it for 2 years and bail back to FANG if things aren't looking good. Salary is only 200k so I wouldn't be able to really save anything per year after normal expenses. + +Doesn't seem like a bad option to me. Am I missing something? +I haven't seen this pointed out yet (and if it has, I'll delete this post). It's worth noting what song plays every morning during the groundhog day loop. It's Sonny and Cher's classic duet, I Got You, Babe. + +Honestly, the lyrics speak for themselves. + +[Verse 1] +They say we're young and we don't know + +We won't find out until we grow + +Well I don't know if all that's true + +Cause you got me, and baby I got you + + +[Verse 2] +They say our love won't pay the rent + +Before it's earned, our money's all been spent + +I guess that's so, we don't have a pot + +But at least I'm sure of all the things we got + + +[Verse 3] +I got flowers in the spring, I got you to wear my ring + +And when I'm sad, you're a clown + +And if I get scared, you're always around + +So let them say your hair's too long + +Cause I don't care, with you I can't go wrong + +Then put your little hand in mine + +There ain't no hill or mountain we can't climb + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +The message is clear. Be confident of what we got. HOLD. +I'm 24 years old and will begin dental school in a few months, which means I'll have ~$400,000 in debt after I graduate (US private school, fml). As a way to hopefully reduce my upcoming financial burden, I've been learning more about finance and investing and retirement accounts. + +I currently have about $2000 in a Roth IRA through Fidelity and want to put that money into some good ETFs. Ideally I'd like to maximize my returns via a mix of high and low risk investments, but based on my understanding, it's more beneficial for me to go for high risk because I have several decades until retirement. Please correct me if I'm wrong. + +I've selected 14 ETFs that have interested me and now need help deciding which to actually invest in. I understand 14 investments would lower my risk, which is why I want to simplify my portfolio to maybe 5 or more ETFs. + +Thank you in advance! + +List of ETFs: https://imgur.com/a/OwwaCvB +Microsoft just came out with Excel stock data, and let me say it is the best thing that has come out in a while. I 100% recommend subscribing to Office 365, just $10 a month. So much easier to keep track of portfolio data. Features include: prices, daily change ($ and %), beta, market cap, 52 week and daily highs and lows, # of employees, shares outstanding, industry, p/e, volumes, and a couple more. +Stock has been flat for the last 2 years almost no daily volume. On the 7th December despite no news or filings (just before a neutral rating) 200,000million shares traded. Stock jumped from $0.8 to $2.2 in a day. + +Today it was announced a merger and the stock is up 412% as I type. There was no news or even rumours about this merger prior to today. Like I said a neutral rating was given by an analyst about 3 weeks ago. + +There has been next to no news about this company for a long time, I find it hard to believe that this isn’t insider trading. +Robinhood is telling me Tesla's market cap is still 110 billion but according to google's data and yahoo at ([https://finance.yahoo.com/quote/TSLA/](https://finance.yahoo.com/quote/TSLA/)) Tesla has a market cap of \~140 billion dollars. + +This is like a week or two away from surpassing Boeing's market of \~177 billion dollars. How can a car company that is delivering what less than a million cars in 2020 have a market cap that surpasses some of the most established airspace and military companies. I understand electric cars are the future and I'm happily making bank on owning Tesla stock but how can the valuation keep growing when there are still expectations to be met. + +&#x200B; + +Is this unironically a bubble moment? I'm not saying Tesla's stock doesn't deserve to be north of 200 dollars but when the stock already surpasses some of the most established companies such as but not limited to : Costco, Lockheed Martin, Ampgen, and soon to be Boeing way before the company can deliver even 1 million cars in a year what is going to happen when we get to 1 million deliveries? Is this going to be a 500 billion dollar company? What happens if they deliver only 2 million cars in a year will this be a trillion dollar company at the current rate of valuation? +Hey folks, + +I recently had a startup exit and will be vesting equity from the acquirer over the next 2 years. Currently have a NW of \~$2M, expecting it to be \~$4-6M (post taxes) following the vesting at current stock prices and accounting for fluctuation over the next couple years. + +How should I think about what my annual spend can safely be without impeding FatFIRE goals? My strategy to date has been to spend \~$70K / year (30, single in VHCOL city living with roommates historically)... but I want to revisit this in light of the acquisition. + +Should I think about it as a % basis of the NW as my annual budget? Guidance would be appreciated for determining a new budget - thanks! + +EDIT: great point in the comments that I didn't mention my FatFIRE goals. I would like the option to FatFIRE in a VHCOL city with 2 kids... but given that I don't yet live that lifestyle I don't have a good estimate of the costs. Perhaps this makes it a near impossible scenario to answer... but benchmarks would be helpful! +I have been looking at multiple subs for quite some time deciding where to post this. + +I am about to inherit 1-2 million dollars (based on sale price of real estate) and am for sure inheriting 600k in the next month based on real estate already sold. + +Don’t worry - I’m not counting my eggs before they hatch. But the $4mm price tag on the real estate listed is for land only. It is a very low chance that it is worth less than $2mm (half of list price) so I’m being conservative in my estimate. + +I am 32 and have a spouse and two children. + +We have 200k equity in our primary residence. + +Two paid off cars. + +500k lent out via hard money lending to an old business partner at 8-10% (3 diff mortgages) + +Two rental properties we paid cash for generating about $3000/month. + +Own those two properties outright, worth about 400k total. + +130k in retirement accounts. + +60k cash. + +Spouse is getting real estate license and we are hoping to take the 500k generating passive income right now & grow it by putting 25% down on commercial loans for multi family real estate. + +Neither of us currently have 9-5 jobs - we make it work with our passive income and spouse does side jobs. + +As for the $1-2 million, I had been planning on investing with a wealth management firm (that charges 1%) but have since researched and found a fee only advisor I may go with. + +The only parent I felt comfortable asking for advice about this stuff was the one who died landing me in the windfall position. + +I want to ensure I grow this money as much as possible for my children, my spouse and myself (I would like to create wonderful experiences for our family for many years). + +If you were in my position, what would you do first to ensure we reach fatFIRE status? + +Is it an ok plan to take 500k & invest in real estate, throw the rest in the stock market & sit it and forget it? +Since people often comment on how quiet the sub has gotten recently, this is a chart of the number of comments since the threads were first split. Yes, a line chart doesn't really make sense for this but it is easier to visualise. + +&#x200B; + +[Market open thread activity](https://preview.redd.it/jzmvtwydvpd71.png?width=2705&format=png&auto=webp&s=b03ff3b50585e8ae618e06e2300155d9b863f53c) +Disclaimer: This is not financial advice. All prices provided in AUD. + +I will do my best to transparently and succinctly summarise the investment case for Minbos Resources (MNB), with detail on associated risks. I believe there is a >1000% SP gain to be made within 3-5 years, with low risk of any further dilution. If you'd rather listen than read, watch this interview with CEO Lindsay Reed on 1.5x speed: [https://youtu.be/vKxhkcDxCGM](https://youtu.be/vKxhkcDxCGM) + +**What is their project?** + +MNB plans to mine phosphate in Angola, Africa, transport it through existing networks to a granulation plant, where they create the Cabinda Blend fertiliser, and then distribute it from the nearby existing port as well as on land. Agricultural land in Africa is severely underfertilised, meaning the food produced is lacking in nutrients, the crops are more vulnerable to stress, and less crops are able to be harvested in a given year. + +The Cabinda Blend has undergone four years of agronomic trials in partnership with the International Fertilizer Development Center (IFDC). It is opportune that the fertiliser blend possible from the phosphate mined is perfectly suited for the acidic soils in Angola and broader Africa. + +This is a project that will literally feed Africa and will be carried out with heavy involvement with the IFDC. Recently, donors to the IFDC funded a $54m project in Burrandi to support agricultural productivity. At $27m capex, low technical risk (not a novel process to create fertiliser), government support, and several interested donors from the IFDC, the expected outcome is that financing will be completed completely **non-dilutionary**. + +**Market?** + +Middle Africa has 170 million people and vast areas of arable land, but not a single fertiliser production facility. Angola's agricultural sector is growing rapidly - to eat and to export. + +**What's the economics?** + +The price of phosphate fertiliser has exploded since the initial scoping study and has exceeded the bull case. The first year of production (2022) aims to produce at a rate of 50ktpa. Using the current Angolan landed MAP fertiliser price of $800, and therefore, an earnings of $40m, a discounted 8x earnings valuation places this company at $320m market cap. Expansion to full production will be athroughput of 450ktpa, which easily exceeds a $600m valuation. At a current <$40m market cap, I expect upcoming catalysts which firm up these economics (not expected to change as stated by CEO) to result in a significant re-rate of share price. + +**Supports?** + +The Angolan Government has demonstrated strong support in every opportunity they have had so far. + +* They awarded MNB the tender for the phosphate project. +* The Mineral Investment Contract signified the green light from the Angolan Government. +* MNB received their "Mining License less than two months after executing a Mining Investment Contract, usually a 3-5 year process", which is "a timely confirmation by the Government of Angola of their commitment to support and accelerate our Project." + +The Angolan Government has every motivation to see this project succeed. It is 2017 democratically elected president João Lourenço's mission to diversify the Angolan economy away from oil (Africa's second largest producer). From the government support so far, it's clear to me they understand MNB in partnership with the IFDC is the key to unlocking this. + +**Risks addressed?** + +* Technical risk - not a novel process, and the fertiliser blend has had agronomic trials demonstrating success the past four years. +* Market risk - exponentially expanding agricultural sector in Angola and middle Africa. +* Logistical risk - the fertiliser plant has access to nearby port and trading hub. The IFDC have previously rolled out similar fertiliser programs with success. +* Financing risk - there are several interested donors to the IFDC which will fund the project. This project aligns with the IFDC's objectives and is well within the $$ ballpark which has been previously provided. +* Government risk - in all opportunities thus far, the Angolan Government have demonstrated strong support of this project with motivation to accelerate it. +* Country risk - Angola has maintained political stability since the end of the 27-year civil war in 2002, without any attempts of coup or major civil unrest since. Newly elected João Lourenço has made specific focus to economy diversification and crackdown on bureaucratic corruption. Oil prices above an average of $60usd help the country as a whole recover economically these coming years. + +**Upcoming catalysts?** + +The **Definitive Feasibility Study (DFS)** is many times more significant than an initial scoping study. It lays out the detailed economics and will be the reference document for institutional investment. It is expected the engineering component has been already completed as long-lead items for the granulation plant have already been purchased. It could drop any day between now and November. + +100% organic fertiliser patent. + +Construction is expected to commence early 2022 and be completed within **6 months**. + +I will do my best to answer any questions you guys might have in the coming days. I have been conservative with the economics because the ability for expansion is significant, and the base case of 50ktpa justifies the project many times over alone. It honestly doesn't matter how you discount a $600m fully priced market cap, $40m is a value buy for me. + +This stock tends to be quite illiquid so it is not one to trade for a quick buck - it is smarter to invest based on the economic fundamentals, with some technical analysis to help. We've had a break of the long term downtrend and are now flagging out at a higher level. As indicated from the volume profile, my buy pocket is between high-volume supports 0.075 to 0.082. High-volume resistance at 0.09. Blue skies above 0.115. +Just a day after chatting here about my worst investment ever and joking, "CAN it get any worse?" ... Yes, yes it CAN. + +&#x200B; + +**PAC Partners appointed to Cann Group’s $20 million raising** + +&#x200B; + +Listed medical cannabis company Cann Group is raising $20 million to strengthen its extraction, laboratory and manufacturing capabilities, plus provide working capital. + +The funding will take the form of a $10 million placement for institutional investors and a $10 million share purchase plan for retain investors. + +The $104.2 million company has appointed PAC Partners to lead the raising. + +PAC Partners is calling for bids by 9am on Friday, but expects the book could close early. + +The capital raise will support Cann’s activities as it completes the construction of its Mildura facility - the third for the company - which is slated for completion by the end of 2021. + + + +The facility is understood to be on track for commissioning. + +The company already has $50 million of debt funding from NAB locked in to support the build. + +When completed, it will be able to produce 12,000 kilograms of medical cannabis a year. + +The funds will also go toward continued development of the Satipharm business it acquired in March for $CAD4 million. + +&#x200B; + +[https://www.afr.com/street-talk/pac-partners-appointed-to-cann-group-s-20-million-raising-20210722-p58bxk](https://www.afr.com/street-talk/pac-partners-appointed-to-cann-group-s-20-million-raising-20210722-p58bxk) +Well, the market is bleeding. Another day, another loss porn at asx\_bets. We're overleveraged and malnourished, no tendies on the horizon. + +But here we are scrolling through reddirt looking for the next lithium play getting nowhere. + +And so I ask how do you find fresh new ideas for the next loss porn or multi-bag? + +Shill me your platforms/webites/podcasts/rich uncles that I can discover new asx companies NOT your Z1P's and your 4DX's +Hokay pansies. Which one of you can walk me through options trading (via Commsec for arguments saké). + +I know what call options are. I know what puts are. + +I know what the strike price is. + +I know what an expiry date is. + +From what I can see, there is only a set list of expiry dates available. Correct? + +Who makes these options contracts in the first place? Santa Clause? + +Why are the spreads thicker than the Nutella I spread on my toast? Is this a supply demand issue in the ASX options arena? + +And who decides to price, say a call for NAB expiring in a month at $X in the first place? + +How far out of the money can Santa originally set the strike? Why can't I buy a 100 shares of NAB on Monday morning at the current SP ($16.14), then bundle them in a call option with a strike of $30 and 3 month expiry... Who decides the option price in the first instance? Is that Santa's job too? + +How often do you options pansies actually hang on to exercising? Is it common for traders to not actually have the cash to convert... Coz it's x100 right? I mean who actually has a spare $3000 to exercise a $30 NAB call lol! Who do you think you are? Bezos? + +Give me the inside word. +Safe, growth stock picks for the next 9~12months. +AVA Risk Management Group + +Share Price - $0.43 +Market Cap - $110mill + +Revenue per FY20 - $46.1mill +EBITDA - $7.4mill +Paid its first dividend to shareholders this half years. + +Q1 FY21 revenue - $15.5mill+, announcing at end of October. Giving a yearly run rate of $62mill+. + +$7.7mill cash in the bank, plenty for future growth. + +Done the hard yards on the commissioning, monitoring and upgrading of products to make continuous recurring revenue in the future. Investing and continues operating growth profitable sales and service channels. + +THE best board and management team in the sector, secured big contracts in the last FY and the following 6 months. + +World leading products as growing security concerns drive increasing demand and rapid expansion into secure remote logistics, security technology and support capabilities. + +Should get exciting with the market cap at $100m when institutional investors take note. + +Invest in this one and set it away for 2-3 years and you’ll be seeing BIG returns + dividends. + +Goodluck all. +**PLAYSIDE STUDIOS(ASX: PLY)** + +**SP: (40c)** + +**MARKET CAP: (140MIL ISH)** + +Yes I know my fellow autist u/PENNY_STOCK_AUTIST did a write up the other day, ill leave his/hers post here [https://www.reddit.com/r/ASX\_Bets/comments/li12jp/playside\_studios\_asxply\_why\_why\_not/](https://www.reddit.com/r/ASX_Bets/comments/li12jp/playside_studios_asxply_why_why_not/) + +Alright lets do this. + +Playside Studios is a kids focused game creator with over 50 games across mobile, VR, augmented reality and PC. They have worked with the likes of Disney, warner Bros and Nickelodeon. Now the games they have out are decent (the walking dead, dumb ways to die) but by no means have they released a game that has exploded, yet. Going off revenue from recent quarter report they are saying that their game: Animal Warfare has contributed a substantial amount to the rise in revenue. This game only has 6 million downloads on a iOS game, id hardly call that popular. This leads me to my next point. + +Now this stock grabbed my attention simply off the potential one of their games could go ape shit like fortnite. It will sound something like "mum/dad can I buy the founders pack its only $20". Parents proceed to either agree or in the rare case the parent disagrees, the kid will activate nagging mode. How do i know this you might ask? Well working in retail is a blessing as I get to experience this most days. + +**Potential to be 'gone ape shit' game (World of Pets)** + +World of Pets (MMO) is pretty much a pokemon/animal crossing style with the mission to evolve pets and get superior items. They have created this game in partnership with Norris Nuts (Youtube channel with over 10 million youtube subscribers and over 2 million tiktok followers). These kids have helped create ideas and specifications, along with their youtube channel leads me to believe it will propel their target audience range and market penetration. Now for you old timers that may be thinking big deal its just some youtube channel. Let me just put into perspective that world of pets trailer released by the company has received 30k views within the last 4 days, now the norris nuts yt channel released 2 videos ( Announcement of the game and reacting to the trailer). These 2 videos alone have generated over 2 million views to their kids audience. Hows that for some cheap publicity. The registrations for closed beta testing exceeded expectations of playside and is set to be released this April with Pre-orders just opening within the last 2 weeks. + +&#x200B; + +**RECENT QUARTERLY HIGHLIGHTS** + +* Customer receipts: $3.19m (+84% QoQ) +* PlaySide’s Average Daily Active Users (“DAU’s”) for Q2 FY21 on its Original IP titles grew to 237,000, up 249% on the previous quarter, while installs grew to 5.8 million up 241% on the previous quarter. In addition, average sessions per day increased to 1.75 million, up 365% on the previous quarter. +* 66% increase in Revenues (unaudited) to $3.13m over the previous quarter (Q1 FY21) +* Animal Warfare, a PlaySide Original IP title, has achieved over 6 million downloads since its launch in August 2020 +* Development commenced on PlaySide’s premiere “next generation” console title. +* Loss on this year to date as it looks like they have done a mass recruiting for preparation of expected growth + +&#x200B; + +**BOARD AND MANAGEMENT** + +* Top 20 hold around 81% +* 4 out of the 5 board members holding around 66% of the 81% + + **Gerry Sakkas** + +* CEO and MD +* Owns 79,166,667 direct shares (21.6%) +* Board since DEC 2011 + + **Aaron Pasias** + +* Non-executive director +* Owns 79,166,667 indirect shares (21.6%) +* Board since DEC 2011 + + **Mark Goulopoulos** + +* Non-executive director +* Owns 79,166,667 indirect shares (21.6%) +* Board since Dec 2011 + + + **Cristiano Nicolli** + +* Non-executive Chairman +* Owns 639,019 indirect shares +* Board since November 2020 + +**Hans ten cate** + +* Non-executive Director +* Well he owns fuck all doesn't he +* Board since November 2020 + +&#x200B; + +* 3 of them being with the company since December 2011 and having the largest positions in the company leads me to believe they would have some good reasons for taking that much stake in a company they've worked at for almost 10 years. + +I do not hold as of yet but will be looking to acquire a position within the next couple weeks. + +DYOR +Asking because I've started reading Rayner Teo's Price Action Trading Secrets and he said that expecting a 20% annual return is more realistic that what others advertise. It could be higher, but realistically speaking, that's what you should be looking for. + +However, I find it a bit low. I'm not a consistent trader so my opinion is not based on personal experience, but I still think there plenty of room for improvement on that 20% mark. + +What are your thoughts? +We are planning to try to start a family this summer. From a financial perspective, what are some things (besides just general saving) that we should do now, before we get pregnant? What would be wise to do before we add another member to our family? +[https://medium.com/@raymond.tungg/the-real-perks-of-the-10-million-dollar-credit-card-28784ddeca40](https://medium.com/@raymond.tungg/the-real-perks-of-the-10-million-dollar-credit-card-28784ddeca40) + +This article talks about how the 10 million dollar credit card is more of a status symbol. Does the JPM reserve actually count as a status symbol if most people don't know what it is? + +just want some productive discussion about this issue +My spouse and I are both 30 and have been working with a CFP at Northwestern Mutual for the last few years. It was good to have some guidance while we started taking our finances more seriously, but we are getting more comfortable learning/navigating things on our own and are seriously second guessing the relationship we have with her. + +Like many other sad souls, we were sold on whole life policies 2 years ago as part of our comprehensive retirement planning strategy. Our combined death benefit is $725k and our annual premium is $9600. At this point we have paid $12,400 in premiums and have $3000 cash value, oof. + +We had our annual planning meeting with her today and after telling her we wanted to cancel the policies she doubled down on all the reasons why it's a good idea for us. + +- there are a lot of bad policies out there, but our policies are good because they are “over funded” (meaning the fee schedule is condensed and we start to accumulate cash value faster?) +- $800/month is <5% of our income, which is a “small” percentage of our saving, and that percentage will continue to shrink as our income increases +- cash value of our policies is “safe” dollars + - our 401k/Roth accounts don't need to have a high bond allocation so they can stay in the market and continue growing at pre-retirement rates even after retirement + - we can avoid selling other assets in downturns by borrowing against the policies and/or taking the cash value and reducing the death benefit +- term is “expensive” and you “throw it away” when you don’t need it +- while it seems like an inefficient use of money to "current" us, this is a strategy for protecting "retirement" us + +We told her we'd discuss further and after the meeting I asked for inforce illustrations so I could try to figure out exactly what we're committing to if we keep the policies. But I honestly don't know how to read the document she sent us and she didn't volunteer any annotations (https://imgur.com/a/EWkPo5V). The fact that she doesn't seem super invested in helping us understand the details is obviously a red flag on top of all of it. + +I've read so many posts and articles about how whole life is a scam that insurance people sell you to make a commission, but this advisor is fiduciary and Idon't understand how she can sell us something that's truly bullshit if she has our best interests in mind. + +Should we just eat the $9000 loss and invest that money elsewhere? Is there a financial case for keeping the policies at this point? What are the alternatives to making sure we aren't risking it all in retirement if we don't have this “safe” money there to turn to? +Can I deposit money into my fund monthly, have the interest grow on it, then when I need to take the money out (a year or two for college) take out whatever I want (I understand I can only withdraw money I put in, not the earnings) and use it for rent or whatever? + +If I can, why even have a saving account in the first place? Wouldn't an IRA offer all the same benefits, but also give the guarantee of being a millionaire at 60 (if you contribute a few hundred bucks monthly) +So I purchased a "starter home" 5 years ago. So far I have paid down almost 20% of the principle. In addition to that the property is in one of the hottest current real estate markets in the country. Two homes on my cul de sac recently sold for almost double what I paid for my house, and my property is in better condition with a larger yard and a brand new roof. (I am paying almost as much on my roof loan as my monthly mortgage at this time). + +I've been living with my partner for the past 2 years and renting my house out to a friend, but they recently purchased their own home (which is awesome for them!). + +Now my house is sitting empty and I've been going over to it the past couple weekends to do some routine maintenance in order to prep for a new renter (ie fresh paint, deep clean, fix a leaky faucet, yard maintenance). The house is also 80 years old though and I am seeing signs that it will need major and potentially very costly updates soon. In addition to that, I have had a devastating personal loss (more on that in a minute) and am just feeling like I don't have the energy or headspace to keep maintaining this second property or to be a landlord again. + + +So on short, if I sell my house now I can probably net a significant profit, as well as pay off the remainder of my roof loan and some credit card debt I accumulated during a crisis last year. My first question is, is this a better strategy than renting my house but not netting any profit due to the loan + mortgage for at least the next couple of years? Or would it be a better long-term investment to keep the house? + +Here's the second half of the situation: my two closest family members were killed in an accident a few months ago. I am currently still in arbitration for wrongful death but it looks like, after the liens against both parties' estates are settled and all is closed out, I will be receiving a decent chunk of money. Nothing crazy but enough to give me financial breathing room I have never experienced before. In addition to that, I will be inheriting a house that, due to its sentimental value to our family I will either keep as a summer home, or sell to another family member. + +So where I am right now is that I think selling my current house and using the profit to pay off debts, and then investing the settlement money, is my best option. + +The other option would be to use the settlement money to pay off debts (roof loan, credit card) and rent my house out for a small profit, but also having the financial burden of maintaining an old home. + +Can anyone weigh in? I want to check that my reasoning is sound and that there's not something I am overlooking. +Hello, +My girlfriend and I are going to be starting our Senior year of college and we are moving in together. Our rent and utilities are fine. We both agree to split the costs of those. However, groceries are an odd problem we have. + +We are used to buying our own food since living separately, but now we will start sharing stuff. There's a lot of things we buy independently. Such as she will buy wine for herself or I may purchase soda/beer for myself. Stuff like bread, meat, soap, etc, we share. So how do we split the shared and independent costs. + +We considered getting a dedicated card for food, but we both are having trouble figuring out how to balance the independent costs evenly. We also considered shopping for our own stuff separately, but then how do we buy the shared items? + +Thanks! +I'm invested into a matching 401k with my employer. Right now Principal is managing the funds, and they are doing horrible... like -5% across the board for January 2016. 2015 annual was literally 0%. I'm spread across 10-15 funds of varying degrees of risk. + +Needless to say, anybody in my position would be losing confidence. + +I feel like the company I am trusting my 401k with is lazy or incompetent. Losing money is always a possibility, but I feel like I should see growth in the conservative funds at *minimum*. If I leave, I risk losing the company matching, but it could mean me breaking even again or losing for 2016, even with the matching. + +What are my options? Is there some lever I can pull to maintain conservative growth without losing my benefits? + +Any serious advice is appreciated. +&#x200B; + +https://preview.redd.it/fdl0kzcoju981.png?width=318&format=png&auto=webp&s=c27fb057260927d4ab5a12c77a299081680f9edc + +Go to [www.wise.com](https://www.wise.com) + +Make an account, tie it to your phone number & ID CARD.Transfer money from your bank to WISE.Change to USD from your currency.You will get a unique ROUTING NUMBER, that you will need to enter in Computershare. + +Enjoy buying. + +So stop buying at brokers, they suck. Computershare ruleZz. + +&#x200B; + +https://preview.redd.it/s7ehnk8oku981.png?width=580&format=png&auto=webp&s=e49dcf822d77f3aaacdc89ae49c6613753289acd + +k thanks I'll see myself out, happy buying . . . . . . . . . . . . . . . . . . . . . . . . . +UPVOTE SO ALL APES SEE IT! +UPVOTE SO ALL APES SEE IT! +UPVOTE SO ALL APES SEE IT! + + +*Edit:* +*End of October first DRS via IBKR* +*First CS letter arrived end of november* +*Second CS arrived just 2 days ago. (January beginning)* +*3 Months waiting time*, +its probably getting bundled up and sent into different regions at the same time +If you just have your first letter, Id pay courier to speed up the process, because if you wanna buy some more, its getting tight before a major breakout. + +My fiance and I have merged finances already in every way and are getting married in the next 60 days. Together, we bring in about 137k/yr and have around 100k left post tax. We're both currently contributing 10% each to our 401k's through our employer; however, my employer offers no match and her employer offers a dollar for dollar match up to 4%. + +While we do have some debt (30k between a car note and student loans), the rate we're paying it off it will be all gone in the next 6-12 months. Once that debt is gone, we'll easily be able to save 50% of our take home after 401k contributions every month. + +Realizing our position, my question is this...what investment vehicles are best suited to retiring before 60? I recognize the tax benefits of the 401k and IRA but if I can't tap into that money before I'm appx. 60 yo I can't really retire early. + +EDIT: Should clarify that I have a 6 month emergency fund built up and own my own home that has already appreciated 25% in value since purchase. + +EDIT: Just wow at the response to this first of all. I've taken a ton of time to read through this and like a lot of the ideas, I've always had a high tolerance for risk so things like real estate that are a bit more hands on and tangible seem feasible to me. The idea of getting an income stream right away is appealing. I live in Houston and real estate prices to buy here are insanely cheaper than the rest of the country. Rent on the other hand is so inflated due to demand and 600 sq ft apts can easily rent for $1300+. Something I'll def look into. + +Also while I get where people are coming from saying don't get married...we both come from families where divorce just doesn't really happen. We've had extensive talks on the subject and we have the ability to communicate well enough to work through our issues. now it's no guarantee, but yeah, it's kind of unreasonable to just go up to her and say reddit says to get rid of you so I can retire by 45!!! We'll see about kids...we're both on the fence for a variety of reasons but it's not something in the immediate future. +I no longer have any desire or aspirations for career development with my employer since I am planning to FIRE by early 2022. I have been asked by my manager to fill out this two page questionnaire with all types of questions about my interests and aspirations. At one time, I vigorously pursued that path without much success but I no longer have any desire for it whatsoever. I am almost FI(85%) and I already have FU money but I still want to stick around for a couple more years because I get paid well and the job is stress free. I realize it's a good problem to have but I don't want to completely shock my good manager by saying I don't have any career aspirations. Thanks. + I bought healthcare technology & innovation ETFs last week. And now I am thinking about investing in other themes that I think will be top in 2022: + + +\- Cybersecurity + +\- Natural resources + +\- AI and big data + +\- 5G + +\- eCommerce + + +I am looking for more options from y’all as to which themes you are planning to buy for 2022. I am also considering using some platforms to guide me in choosing what ETFs to invest in since I also heard some folks say that they are currently using [Trackinsight,](https://www.trackinsight.com/en/thematic-investing/?r=1) [Fidelity](https://www.fidelity.com/etfs/overview), and [Acorns](https://www.acorns.com/). According to them, it really helped them in getting the whole picture of thematic ETFs and useful for starting out. Any thoughts on this? +*Facebook’s cryptocurrency Libra is supported by a legion of well-known companies from both within the crypto industry and outside of it, including payment companies like Visa, Mastercard and PayPal. Blockchain companies involve Coinbase, Xapo and others. The cryptocurrency is expected to launch in the first half of 2020.* + +&#x200B; + +Western Union shares declined Tuesday amid the Facebook announcement of its new cryptocurrency, Libra, which is supposed to be integrated with Facebook, and its subsidiary apps Instagram, WhatsApp, and more. Western Union, a legacy consumer-to-consumer money sending platform was among the worst performers on the S&P Index on Tuesday, as it fell 2.4%. It closed at $19.57 a share. + +&#x200B; + +While MoneyGram shares closed at $1.45 on Monday, they increased to nearly $4 per share in after-hours trading, representing a 150% increase. After the announcement, Ripple’s XRP token rose over 5% after the announcement. + +Paypal (PYPL) stock spiked early Tuesday morning before falling from a high of $118.21 to $116.48. PayPal is working on Libra with Facebook. + +&#x200B; + +Square (SQ) is up over 28% year-to-date, though Square stock currently sits 29% below its 52-week. At the time of this writing, Square stock is valued at under $72. Analysts say the company was move into new markets. + +&#x200B; + +Continue reading: https://goldsilverbitcoin.com/facebook-western-union-moneygram-paypal-square/ +This sounds really strange to me and was hoping some of the fine folks here can help me understand how this isn't a thing because I have to obviously be missing something. I'm studying option strategies and come across the short Iron condor. During my practice traded I find the following. + +As of 6/22/2021 TSLA stock Short Iron Condor with + +Buy 6/25/2021 Call $642.5 strike at a cost of $2.73 +Sell 6/25/2021 Call $640 strike for a premium of $3.50 + +Sell 6/25/2021 Put $595 strike for a premium of $2.21 +Buy 6/25/2021 Put $592.5 strike at a cost of $1.25 + +Total Credit of $1.73 with a max loss just $77. + +What I don't get is why can't I just do 1,000's of this since my max loss is less then half of my profit and each time I would finish a trade like this one I would have enough to cover in case of a loss and still have money leftover thus always have profit. (infinite money glitch keeps coming to mind, lol) + +I have to be missing something, right? +Similar to what happened with GME a few weeks ago (I posted about that [here](https://www.reddit.com/r/options/comments/l2u65m/gamestop_options_gamma_above_60/)), TLRY saw a moment today where the stock hit its upper limit of strikes (65) and while new strikes are being added the stock took a breather intraday. You can read more about that affect in the prior GME post but with TLRY I wanted to focus a bit on spreads vs outright calls. + +With stock around $55 and the 65 strike seeing a ton of buying I wanted to directly compare a debit call spread, to buying an out-of-the-money call like the 65, and the costs, risks, and opportunity associated with both. I'm neither bullish or bearish in TLRY, but wanted to point out the difference in strategies for those that see more upside from here. Here's an example of a call spread, with a Feb 19th expiry, buying the 54 call and selling the 65 call, via Options AI: + +&#x200B; + +https://preview.redd.it/vftpgvv71pg61.png?width=570&format=png&auto=webp&s=3978e06efc377ce844444fe034ce3d397f805f46 + +A look at the two strikes involved shows just how inexpensive the 11 wide call spread is to buying that 65 call outright: + +&#x200B; + +https://preview.redd.it/278wy1se1pg61.png?width=500&format=png&auto=webp&s=f1bfc73208c0bc06bc20b52869fd04e9d6d062f5 + +Now of course a call spread has limited upside, but paying $260 or so with the chance to make up to $840 if the stock is above $65 on expiration can be compared directly to where the stock would need to be paying $1050 with a breakeven of 75.50 in the stock. Essentially the stock needs to go toward $100. +I cannot believe how mean some people can be. I called to get help and find out what to do to get out of this situation and was treated like a criminal and hung up on. I don’t understand how people can be so mean. I am very respectful. These people should not be allowed to do this for a living.. +For several years I was a huge Dave Ramsey fan. + +I think his emergency fund, not adding any new debt, aversion to credit cards and leased cars etc. are refreshing concepts to a culture that is drowning in debt and then wondering how to get out of the hole. He also has created a culture that allows you to feel like it’s okay to be focused on not being complacent about reckless spending. + +Recently though I can’t even listen to his show. He is so rigid with his mindset that he simply fails to see any other solution than the one he presents. I’m a young parent, overcome with student loans. I don’t have a stay at home wife or family available to maintain my house and raise my children so I can bust my butt working non-stop. When I listen to his show I get so frustrated because I really don’t appreciate being insulted constantly for paying for college the only way I knew how, and for not being willing to put my children in around the clock expensive daycare until I’m out of debt and beyond burnt out. + +Then I discovered Clark Howard. Wow. He seems to be so incredibly compassionate and understanding. He seems to be far more in touch with reality. But I think he isn’t as worried about debt reduction or avoidance. It seems like a mere suggestion and it’s harder to be motivated like I am with Dave’s show. + +Lastly they both have addressed COVID 19 on their shows and Dave basically downplayed the entire situation vs. Clark spent a long time recognizing those who are struggling right now, especially those who are in industries being hit hard and those who do not have paid sick leave. This has made me love Clark’s show even more than ever. + +How do you guys feel? Do you prefer one over the other? Do you listen to both to get a mix? Do you listen to somebody else entirely? + +TL:DR Dave or Clark, pros/cons? +**Join our Telegram for 24/7 support: [t.me/tacocattoken](https://t.me/tacocattoken)** + +Perhaps you have already heard of TacoCat before? That's because we are now relaunching and moving away from what happened before! The old team launched on V1 of Pancake Swap with a renounced contract and no ways to fund the marketing wallet. They then decided to step down, and that's when the community..stepped up. We have assembled a brand new team, which is fully doxxed and ready to rock! + +TacoCat is LIVE, with an exchange listing on Hotbit already paid and confirmed for Monday! There is a brand new team with CEO Danny, COO Jasper, CCO Radek and so many more talented and doxxed members of the core team! TacoCat plans to bridge the gap between mainstream audiences and crypto. I recommend checking out their whitepaper for a beautiful demonstration of how they plan to achieve this. You can expect things like a TacoCard, NFTaco and TacoCat launchpad, and so much more! There are huge plans to take this coin to a billion dollar market cap, and plans to establish a TacoCat Company too! This really is a one of a kind project and the scale is so huge it's difficult to grasp right now! The presale which just finished was completed in 6 minutes! This should show the dedication of this community! + +The new TacoCat contract will remain unrenounced but with a multi-signature feature to allow changes to be made to the contract down the line should there be a need to do so, however multiple team members will have to sign off on any changes that might be made. The team is motivated to remain fully transparent and honest with the community! + +There are new tokenomics, or should I say taconomics involved too! The fee on each transaction is 9%, with 4% being distributed to holders, 3% going to liquidity and 2% going to the marketing/dev wallet. Marketing expenditures will be made public to the community, and all team addresses and wallets will be clearly visible for everyone to see! Liquidity will be locked initially for 6 months too! + +Make sure to join the TacoCat social channels to do your research and ask any questions you may have! Links are below! + +Website: [tacocat.co](https://tacocat.co/) + +Twitter: [twitter.com/tacocattoken](https://twitter.com/TacoCatToken) + +Reddit: [reddit.com/r/tacocatco](https://www.reddit.com/r/TacoCatCo/) + +Telegram: [t.me/tacocattoken](https://t.me/tacocattoken) + +Discord: https://discord.gg/BuKXbjV4 + +Make sure to do your own research before investing. This post is not intended as financial advice! +I know trying to time the market (especially this market) isn’t sound investing and I probably won’t end up doing it but I’m considering going 100% cash (up about 20% on the year) and waiting to see what the market does. Anyone else thinking this way? +Overall I'm in the hole by about $6k but here's something interesting I noticed. I primarily invested in cheaper, high paying dividend stocks. + +Over the past 10 years I have deposited $15227.24 and I have received $3647.94 in dividends. That's almost 25%! I don't know if that's pretty good or not but I thought that was pretty nice and it makes me feel better about being in the hole. + +In case you're wondering, my account devalued a great deal in 2008 (FR and BAC were the two I had a majority of money invested) and I hung onto them and never sold them. + +Edit: I appreciate everyone's input and advice! Thanks guys +My personal take, I would rather fly than be on a cruise. That’s a consumer take, and there are enough people that do not believe in Covid affecting them and will still go on vacations. The latest I keep hearing is that it’s a minority disease, completely unhinged from reality. +Hi all, + +My parents currently have access to my bank account and also do my taxes, and subsequently look at my purchases(that I cannot make). I am 21 years old and would like to have a separate unknown bank account that they do not know about. If I were to open an account that does not give interest (therefor needing to be reported for taxes), would there be any way they could find out? I live on a college campus so a home address would not need to be used. +We've seen a lot of news about this lately and very little research. I have a number of questions. Would this decrease the gap between the very rich and the poor? Would this result in an increase in inflation? Would this result in an increase in salaried positions? Would job growth decline our increase in the short term and long term? Would this speed up the transition to a automated or robotic work force? How would this affect small businesses? Would this decrease the number of people on social welfare programs? Are there any studies on areas that have previously increased their minimum wage by a large amount? +Terms I dont really fully grasp. + +"backed by" +"bonds" +"inflation" +"gold standard" +"futures" +"dow jones" +"s and p" +"hedge fund" + +and how the value of a dollar can be changed one minute to the next. + +**TLDR; CMC seems opaque about its FX charges and evasive when asked. They don’t have USD currency accounts, and trading between US stocks results in a 1.2% fee. (ie 2 x 0.6% exchange rate spread, one for the sale of the first US stock with funds converting back to AUD, then another for the purchase of the next US stock, converting back to USD). You'll also be charged $100 per US holding when you discover this and need to move to another platform.** + +Hey guys, I’m fairly new to investment, having primarily invested in myself and my own businesses in the past. I’m the kind of guy who researches the crap out of everything when I decide to do something, so I definitely don’t jump in blind and do my best to make sure I know what I’m doing. + +In the process of getting into stock market investments, I spent over a month of dedicated research on various platforms, ETFs, strategies etc. You should see my spreadsheet, where I’ve been analysing dozens of ETFs, analysing full market histories of ASX and S&P500 etc. + +Anyway, I got a chunk of equity out of the home to invest, and deposited it into CMC markets. I chose CMC after analysing numerous platforms, going with them mainly due to the ability to invest in mFunds on the ASX. There’s a particular mFund that I like and this was the easiest way to invest and also keep all my holdings in the same platform. + +However, despite all my research I wasn’t prepared for the hidden charges of US trading on CMC. I was aware of the 2% FX buffer - which is completely reasonable and is just there to cater for fluctuations in the FX rate while processing the transfer, and is refunded if there is none. + +I was also aware of the 0.6% exchange rate premium for buying US stocks. They don’t exactly put this figure front and centre though, and it feels a little bit like they’re trying to hide it. + +What I wasn’t prepared for was that CMC doesn’t keep the proceeds of US stock sales in a USD account. It’s not easy to figure this out from their documentation. Most other platforms that offer US trading (ie Selfwealth, Superhero, Stake, Pearler etc) have USD accounts to retain funds for US trading. CMC doesn’t which is very strange. + +This is a REALLY important difference unless you plan to hold and never move between stocks/ETFs. It really stings you when you sell a stock and buy another. + +For example, say you’re holding $100k of AAPL, then decide to sell it and instead invest the $100k in AMZN. + +**On CMC:** + +* AAPL sold, FX back to AUD 0.6% exchange rate spread - $600 +* AMZN purchase, FX back again to USD, another 0.6% spread - $600 +* Total charges: $1200 ! + +**On SelfWealth (for example):** + +* AAPL sold, proceeds retained in USD account - USD$9.50 trade fee +* AMZN purchase, using USD proceeds - USD$9.50 trade fee + +**CMC $1200 vs Selfwealth USD$19** + +So trading $100k between US stocks on CMC is $1200 and most other platforms just the trade fees, eg total USD$19. + +I’m flabbergasted that this is the case and I wasn’t aware of it before putting my money into CMC and investing in US stocks. I had even checked reviews of CMC on sites like Finty, Finder, Canstar, Choice etc, and don’t recall this ever being pointed out. To me, this seems like the most important thing you need to know about US trading on CMC, yet I was unaware of it. + +Being so confused about this and not having a definitive answer, I asked directly via CMC’s live messaging. Twice, the support rep referred me to the FX buffer, stating it gets refunded and referred me to the documentation on their website. Multiple times I had to explain that I wasn’t referring to the FX buffer and I understood how that worked.After quoting their own text stating the “spread of just 0.60%”, and asking very specifically about whether this is also charged on the sale or if funds are retained in USD, the rep finally admitted that yes, I would be getting charged 1.2%. + +I get the feeling that CMC are deliberately being evasive about this fee. It’s an absolute dealbreaker for trading US stocks and they must make a fortune off those who aren’t fully aware of the underlying workings of CMC vs the way most other platforms operate. + +I’m not quite sure why this isn’t spoken about more. It seems like an absolute rort that isn’t being adequately reported in reviews or given the weight it deserves on CMC’s own site. + +Fortunately I've only sold and bought $20k of my US holdings so far, incurring $240 in exchange spreads. However, now I need to transfer my US holdings out to another platform which has US currency accounts (ie just about anyone else).The problem with this is that CMC charges $100 per holding to transfer out. I currently have 7 US holdings, **so I will need to pay $700 to transfer out.** + +Despite my best efforts, and feeling like I've researched CMC adequately, I'm still being stung with $940 in hidden fees. +Hey, finance people! + +Just trying to reality check my asset allocations proportions. Reading through passive investing Australia you can either judge your allocation based on progress to target retirement age or progress towards savings goal at retirement age. + +&#x200B; + +|*Goal for retirement allocation of Bonds*|*40%*|*40/60*| +|:-|:-|:-| +|Current bonds allocation based on age (proportional risk measure)|22.40%|22/78| +|Current bonds allocation based on goal progress (proportional risk measure)|0.57%|1/99| + +So for my age, I should allocate \~22% of my portfolio to bonds, whereas for my progress to the goal (only just developing these goals now) I should virtually hold no bonds + +My gut says that I should be aggressive (considering my ability, willingness and need to take risk) and that that would be around the 10/90 ratio, but I dont feel comfortable with how subjective that choice can be given the vast difference in 22/78 and 1/99 +Hi all! + +Dont worry if your not a fan of the ABC 'The weekly' (IMO its ok, just very inconsistent), but Charlie Pickering did a great, if simplified (its comedy), explanation of domain results. + +Always wondered why those results were always so high. So basically REA report the results they want. Hence a higher number. + +Hence the number is meaningless. + +Good to see economic journalism fact checking less than a 5 minute comedic skit... +At the beginning of the year my identity was stolen and someone created a tax return in my name in the sum of £11,000. + +This person also told HMRC I had £15,000 in fuel expenses for this year. + +As a result my tax code was changed to 4409L. + +I have been back and fourth with the government for MONTHS as I am clearly not paying tax correctly (I am PAYE not even self employed!) and now my tax code has been changed to: K626X + +My salary is £50,000 + 20% bonus paid yearly. + +How much tax can I expect to eb deducted from my next pay cheque? + +I have used online calculators but they dont work this 'unique' code. + +Thank you :) +You know, after we discovered Computershare, and I went back and watched Peterffy's sweaty interview from 2021, when he said "all they had to was ask for their shares"... I thought he seemed like a somewhat decent guy. (Like we thought about Fidelity until November). I thought ok, this guy is playing by the rules, and actually wants the SEC to do something (I was actually 50% more retarded in 2021 than I am now.) + +**Now he is basically calling us retards. Only WE can call each other retards.** + +**I swear I hate the word "sophisticated" too. And his language is a direct jab at us.** + +[https://www.cnbc.com/video/2022/03/22/interactive-brokers-customers-arent-participating-in-the-market-rally-says-thomas-peterffy.html](https://www.cnbc.com/video/2022/03/22/interactive-brokers-customers-arent-participating-in-the-market-rally-says-thomas-peterffy.html) + +One of 2 things here. Either: + +1. He really is a dick, and had a moment of judgment lapse in the last year's interview, or... +2. He could be a nice guy, but his billionaire friends and peers have been kicking the crap out of him for 1 year, for (A) Verbalizing that Gamestop was "going into the thousands" before they had to turn off the buy button. And (B) Inadvertently referring to Computershare (which most of us were too retarded to pick up on last year). + +I guess Shark Cuban stands alone as the only billionaire we can truly trust in all this. Where are you Mark? u/mcuban. u/JonStewart you need to get Cuban on to discuss all recent GME events. +I run the restaurant from 1996, its a family business. I work here with my father and my mother. We only cook traditional Greek food. We accept Bitcoin for payments. + +The place is called Tavern Agelos. www.agelos.gr + +Proof: https://imgur.com/6dIftnB + +My English is not so good but I will try to answer all your questions. + +**Edit** + +Thank you for all your questions, it was a lot of fun. Hope to see you come to my restaurant. +https://imgur.com/G6lQM1a (Me and Felix, Bitcoin Traveler, who helped me with the AMA) +Finally, my plan 1 student loan is down to a mere £300. + +This in theory should be gone in two months of pay... but is there anything I need to do to ensure I don't keep getting hit for this after two months have passed? +First time buyer here. I feel like we want to own a home but the rational side of me tells me it's going to be a Massive loss of money. + +We are currently renting a 600k property for 1500pm in the center and as our family becomes bigger we might move slightly further away from the center and get a bigger property for say 1700pm, probably worth around 650k. + +There is no way getting into property on this market while taking 80-85% mortgage can be better than simply investing the money into some Marcus saving account, let alone stocks. Am i missing something? + +Is there a way to convince myself it's a good idea? I feel like my wife really wants to buy, but i am concerned we are ruining our financial freedom for the next 20 years while taking on massive risk and a loss on the bottom line. + +My napkin math is: + +**Renting**: 1500\*12=**18k** + +**Owning**: \[missed investment opportunity on 100k deposit at 4% = 4k\] + \[3% interest on 500k mortgage = 15k\] + \[1.5% maintenance and insurance on 600k = 9k\]. Total owning cost: **28k** + +And that is assuming market isn't going to crash after Brexit. +Hi guys, my ex partner is buying me out of my half of our shared house. I'm looking to use the money as a deposit on a house of my own. I've actually moved back up north where house prices are much more affordable, so my budget is reasonably flexible. + +The thing is I'm single with no dependants, a little 2-bed house would be more than enough. But then, I would like to eventually meet somebody and have children in the future. But then maybe that won't happen, who knows what the future entails. + +So my question is, from a financial perspective.. would it be wiser to buy a smaller home that accommodates myself just fine. Or.. spend the extra, get a bigger 3-bed house in anticipation of a possible family in the future? + +I think I'm leaning towards the cheaper, smaller house to be honest. I guess I could always sell and upgrade if/when a family came along. +I’m looking to buy a luxury item that I was going to buy paying upfront. However they also offer to pay for it monthly for 12 months with 0% interest. Is there any downside to doing this? I have no debt and never loaned any money, but I’m thinking that if I do this I can keep more money invested in index fund and pay for the item with spare monthly income. Any downside to this? +After taking aim at Nikola several weeks ago in a move that severely dented the EV maker's share price, short-selling firm Hindenburg is back with a scathing report on Loop Industries (NASDAQ:LOOP). + +"Loop Industries has never generated revenue, yet calls itself a technology innovator with a 'proven' solution that is 'leading the sustainable plastic revolution,' Our research indicates that Loop is smoke and mirrors with no viable technology." + +"Loop refers to itself as a technology company whose 'mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels.'" + +"In other words, the company claims to have discovered how to turn worthless trash into pure gold, a feat that multi-billion chemical companies such as DuPont, Dow Chemical, and 3M have been unable to achieve on a large scale despite years of efforts." + +"Loop's claimed breakthroughs in PET plastic recycling are fiction. Our investigation into Loop, spanning 6 months, has included speaking with multiple former employees, company partners, polymer/plastic experts, and competitors." + +"Our investigation points to one conclusion: in the words of a former Loop employee, we simply "don't really think they have the technology.'" + +"Former employees painted a picture of a chaotic company, whose lead scientists are twenty-something 'liars,' with no relevant work experience other than Loop, that were able to achieve 'impossible' results in a secret second lab that rank-and-file employees weren’t allowed to access." + +"Loop's CEO, who has no specific educational background in chemistry, sought out the help of several convicts to put together Loop’s startup capital, according to litigation records. Loop's management has a track record of taking investors on a ride with sweet sounding public company stories that have ended in catastrophic losses." + +"Loop's partnerships have gone almost nowhere. The company announced a key joint venture in 2018 to build a facility with well-respected PET and chemical company Indorama, but two years later the terms of the deal have yet to even be finalized. Other major consumer plastic brands were unable to confirm to us that their partnerships with Loop had progressed." + +https://seekingalpha.com/news/3621667-loop-tumbles-30-after-hindenburg-calls-company-recycled-smoke-and-mirrors-show +It has just came to my attention how the crypto space has so many dog coins. + +Dogecoin, Shiba Inu, Kishu Inu, UnderDog, renDOGE, Doge Token, DogeFI, DogeCash etc. + + +Funny how it may seem the popularity of cats in the cryptocurrency space is extremely low in contrast to the centralized internet space. + +There is CAT Token and CatCoin but their popularity is nowhere near their furry counterparts - dogs. + +This makes me now wonder................. + +................................................................. + +.................................................................. + +...are we the dogs of decentralization? +Hello guys! It's my first time here. I am 20 year old who live with my family of four. My father, mother, me and my sister. We would love to buy house in milton Keynes. As i see, housing prices are skyrocketing not just here but everywhere. But unlike westerners, we are Asian, we don't have to necessarily live away from parents after 18 or 21. Nor do I want to. Since my parents are 44+ i think they won't get mortgages. All of us are new in uk and for now we earn minimum wages. So, we have advantage of number compared to two member family. Now, how to save our money properly so we can buy our own 3 bedroom house after 5 year? 5 year is long. I would like to save money in such a way I'm guaranteed that my money will grow. I don't want to be greedy and want to gain huge profit in 5 years. I wouldn't mind even if it's a little increase. I would like to save monthly because we don't have huge money saved yet. + +Also, if I could bring money here by selling my ancestral properties things might become quite easy for me. But I haven't found how could I do that yet. + +And there is another mischievous thing that i wanted to try. I'm originally from Nepal and people here buy some property and sell it within few months in huge profit. And they keep doing it. So, my friend's brother who started with something like 50000£ by doing up mentioned scheme earned himself 3000000£ in mere 3 years. If only i could do such things. Lol. Would I have a problem getting my money here if i earn money that way in Nepal? Thanks!! +Sadly, my grandfather died a couple of months ago, at the ripe old age of 96. He was very fond of his great grandchildren (my kids) and amazingly left them £5000 each in his will. + +The 2 cheques are now sat on my desk waiting to be cashed but I’m unsure where to put the money to make the most of it so that by the time they turn 18, they have some money behind them, courtesy of great grandad Reg. I’ve gone round in circles reading about Children Saver accounts, Junior cash and stocks/shares ISA’s etc and haven’t come up with anything suitable. + +Any suggestions on where you’d put the £5k to see it grow for the future, but keeping it safe? +I assume that the oil production from Venezuela will dwindle. This will drive up oil prices. Right when Venezuela needed it the most. catch 22. oh irony +Last week I was on Shpock, and spotted some wrestling action figures that I was after. They were priced competitively so I put in a offer of £30.00. + +The seller had 0 feedback so we agreed half payment upfront & the rest on delivery. A few days later a couple of other buyers got in touch with me & said that they bought other things off him & nothing had been delivered. We've set up a WhatsApp group and reckon between us it's about £90.00 that's been transferred to him. + +The seller wanted payment by bank transfer so we've got his bank details and his name. We're all pretty sure it was a scam - he's not responding & had double sold some of the figures to myself and another of the buyers. + +What's our best course of action from here? Is it something the police or his bank (we have his sort code) would be interested in investigating? + +Thanks +Disney CEO and Chairman Bob Iger said it will cost $4.99 to stream ESPN, in Disney's first ever direct-to-consumer offering. + +The company announced in August it would launch its own ESPN video streaming service in early 2018. The platform, which will feature about 10,000 sporting events each year, will have content from the MLB, NHL, MLS, collegiate sports and tennis' Grand Slam events. + +https://www.cnbc.com/2018/02/06/disney-ceo-iger-espn-streaming-service-to-cost-4-point-99.html +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? +TL;DR: Nope. If you want to learn you must take the effort to learn. + + +#**Preface:** +Hello. I am writing this post to help spread information pertinent to the health of this subreddit. My fellow veteran apes will know that before a runup there is an influx of trolls unleashed to attempt to mitigate positive sentiment and hype and I am determined to put a stop to that in whatever way I am able. Who am I? I am a life-long studier of philosophy, a salesman by trade, and a XXX hodler. Many techniques used in disinformation are also of importance in both philosophy and sales and I will spend the rest of this post outlining three of the most common tactics I have noticed over the last two years here. I will refer to the bad actors using these techniques as "bozos" to keep things simple because as Ryan Cohen said, ["Short sellers are the dumb stormtroopers of the investing galaxy"](https://imgur.com/a/UqCrcVn) + + +#**The Propaganda Model:** +In the [Orwell Award](https://en.wikipedia.org/wiki/Orwell_Award) winning book, "*Manufacturing Consent: The Political Economy of the Mass Media*" written by Edward S. Herman and Noam Chomsky, the argument is made that the mass communication media of the U.S. "*Is an effective and powerful ideological institution that carries out a system-supportive propaganda function, by reliance on market forces, internalized assumptions, and self-censorship, and without overt coercion*", by means of the propaganda model of communication. + +What is the propaganda model of communication? +The propaganda model for the manufacture of public consent describes a handful of editorially distorting filters, which are said to impact reporting of news in mass communications media. Some of these filters of editorial bias are: + + +*1. Size, ownership, and profit orientation: The dominant mass-media outlets are large profit-based operations, and therefore they must cater to the financial interests of the owners such as corporations and controlling investors. The size of a media company is a consequence of the investment capital required for the mass-communications technology required to reach a mass audience of viewers, listeners, and readers. + + +*2. The advertising license to do business: Since the majority of the revenue of major media outlets derives from advertising (not from sales or subscriptions), advertisers have acquired a "de facto licensing authority." Media outlets are not commercially viable without the support of advertisers. News media must therefore cater to the political prejudices and economic desires of their advertisers. + + +*3. Sourcing mass media news: Herman and Chomsky argue that "the large bureaucracies of the powerful subsidize the mass media, and gain special access [to the news], by their contribution to reducing the media's costs of acquiring [...] and producing, news. The large entities that provide this subsidy become 'routine' news sources and have privileged access to the gates. Non-routine sources must struggle for access, and may be ignored by the arbitrary decision of the gatekeepers." Editorial distortion is aggravated by the news media's dependence upon private and governmental news sources. If a given newspaper, television station, magazine, etc., incurs disfavor from the sources, it is subtly excluded from access to information. Consequently, it loses readers or viewers, and ultimately, advertisers. To minimize such financial danger, news media businesses editorially distort their reporting to favor government and corporate policies in order to stay in business. Have you Forgotten GameStop yet? ;) + + +*4. Flak and the enforcers: "Flak" refers to negative responses to a media statement or program (e.g. letters, complaints, lawsuits, or legislative actions). Flak can be expensive to the media, either due to loss of advertising revenue, or due to the costs of legal defense or defense of the media outlet's public image. Flak can be organized by powerful, private influence groups (e.g. think tanks *cough* superstonk *cough*). The prospect of eliciting flak can be a deterrent to the reporting of certain kinds of facts or opinions. + + +#**Disinformation attack:** +When a Bozo wants to foment negative sentiment and bias they will often use what is called a disinformation attack. Disinformation attacks are the intentional dissemination of false information, with an end goal of misleading, confusing, or manipulating an audience. Disinformation attacks may be executed by state or non-state actors to influence domestic or foreign populations. These attacks are commonly employed to reshape attitudes and beliefs, drive a particular agenda, or elicit certain actions out of a target audience. + + +Disinformation attacks can be employed through traditional media outlets, such as state-sponsored TV channels and radios. However, disinformation attacks have become increasingly widespread and potent with the advent of social media. Digital tools such as bots, algorithms, and AI technology are leveraged to spread and amplify disinformation and micro-target populations on online platforms such as this subreddit. I will focus on bots/trolls astroturfing, and the effects on human psychology. + + +#**Astroturfing:** +This variant of Bozo will be employed for efforts called astroturfing. Astroturfing is the practice of masking the sponsors of a message or organization (e.g., political, advertising, religious or public relations) to make it appear as though it originates from and is supported by grassroots participants. It is a practice intended to give the statements or organizations credibility by withholding information about the source's financial connection. + +Reddit is rife with this unfortunately and there are sites out there where you can buy and sell reddit accounts for this explicit purpose. I won't link to it here, but you can easily google and find it in seconds, and I encourage you to do so and take a look for yourself. Some accounts go for thousands of dollars. + + +A study published in the *Journal of Business Ethics* examined the effects of websites operated by front groups on students. It found that astroturfing was effective at creating uncertainty and lowering trust about claims, thereby changing perceptions that tend to favor the business interests behind the astroturfing effort. *The New York Times* reported that "consumer" reviews are more effective, because "they purport to be testimonials of real people, even though some are bought and sold just like everything else on the commercial Internet." Some organizations feel that their business is threatened by negative comments, so they may engage in astroturfing to drown them out. + + Simply put, FUD spread by trolls that are trying to appear like genuine members of the sub. I know most of you are familiar with FUD, but I will outline it here because it is extremely important and relevant. + + +Cho, Charles H.; Martens, Martin L.; Kim, Hakkyun; Rodrigue, Michelle (2011). + + +#**Argumentum Ad Metum: FUD** + + +What is FUD? FUD stands for Fear, Uncertainty, and Doubt. Fear appeals are often used in marketing and social policy, as a method of persuasion. Fear is an effective tool to change attitudes, which are moderated by the motivation and ability to process the fear message. Examples of fear appeal include reference to social exclusion or financial hardship. Sound familiar? + + +Fear appeals are nonmonotonic, meaning that the level of persuasion does not always increase when the claimed danger is increased. A study of public service messages on AIDS found that if the messages were too aggressive or fearful, they were rejected by the subject; a moderate amount of fear is the most effective attitude changer. + + +Others argue that it is not the level of fear that is decisive changing attitudes via the persuasion process. Rather, as long as a scare-tactics message includes a recommendation to cope with the fear, it can work. + + +In 2006, two Edelman employees created a blog called "*Wal-Marting Across America*" about two people traveling to Wal-Marts across the country. The blog gave the appearance of being operated by spontaneous consumers, but was actually operated on behalf of Working Families for Walmart, a group funded by Wal-Mart. In 2007, *Ask.com* deployed an anti-Google advertising campaign portraying *Google* as an "information monopoly" that was damaging the Internet. The ad was designed to give the appearance of a popular movement and did not disclose it was funded by a competitor. + + +In 2010, the *Federal Trade Commission* settled a complaint with *Reverb Communications*, who was using interns to post favorable product reviews in *Apple's iTunes* store for clients. In September 2012, one of the first major identified cases of astroturfing in Finland involved criticisms about the cost of a €1.8 billion patient information system, which was defended by fake online identities operated by involved vendors. + + +In September 2013, New York Attorney General Eric T. Schneiderman announced a settlement with 19 companies to prevent astroturfing. "'Astroturfing' is the 21st century's version of false advertising, and prosecutors have many tools at their disposal to put an end to it," said Scheiderman. The companies paid $350,000 to settle the matter, but the settlement opened the way for private suits as well. "Every state has some version of the statutes New York used," according to lawyer Kelly H. Kolb. "What the New York attorney general has done is, perhaps, to have given private lawyers a road map to file suit." + + +FUD is not new and it has only gotten more sophisticated over time. Trust your gut and question everything. Question this post. Question my account. Everything. I fully understand that this can be taxing, draining, and a lot of work for an individual however we have the strength of numbers on this subreddit and if we all take a small portion of personal responsibility we can continue to crowdsource towards the truth. Be prepared for the next strategy meant to counter this self-responsibility: the Firehose of Falsehood. + +#**Firehose of Falsehood:** + + +The firehose of falsehood is a propaganda technique in which a large number of messages are broadcast rapidly, repetitively, and continuously over multiple channels (such as news and social media) without regard for truth or consistency. Did you forget about GameStop yet? + + +According to a 2016 RAND Corporation study, the firehose of falsehood model has four distinguishing factors: + + +*1. It is high-volume and multichannel + +*2. It is rapid, continuous, and repetitive + +*3. It lacks a commitment to objective reality; and + +*4. It lacks commitment to consistency. + +The high volume of messages, the use of multiple channels, and the use of internet bots and fake accounts are effective because people are more likely to believe a story when it appears to have been reported by multiple sources. People are also more likely to believe a story when they think many others believe it, especially if those others belong to a group with which they identify. Thus, an army of trolls can influence a person's opinion by creating the false impression that a majority of that person's neighbors support a given view. + +In "*How We Win the Competition for Influence*" (2019), military strategists Wilson C. Blythe and Luke T. Calhoun stress the importance of consistent messaging. They compare information operations to other weapons used by the military to target an enemy and achieve a desired result: "The information environment is an inherent part of today's battlefields." With no exaggeration this is an information war. As recent events may have shown, preparedness, proper defense, and intelligent strategy are necessary to win a war whether it be military or otherwise. + + +https://www.armyupress.army.mil/Journals/Military-Review/English-Edition-Archives/May-June-2019/Blythe-Calhoun-Influence/ + + +Conventional counterpropaganda efforts are ineffective against this technique. As researchers at RAND put it, "Don't expect to counter the firehose of falsehood with the squirt gun of truth." They suggest: + +*1. Repeating the counterinformation (shorts never covered) + +*2. Providing an alternative story to fill in the gaps created when false "facts" are removed (DD library) + +*3. Forewarning people about propaganda, highlighting the ways propagandists manipulate public opinion. + +*4. Countering the effects of propaganda, rather than the propaganda itself; for example, to counter propaganda that undermines support for a cause, work to boost support for that cause rather than refuting the propaganda directly (DRS+HODL). + + +https://www.rand.org/pubs/perspectives/PE198.html + + +#**Easy Countermeasures:** +*1. Always verify information for yourself + +*2. If your gut thinks something is up check profiles to see if they have been on karmafarming subs. + +*3. Recognize what emotions you are feeling when processing information. If you are feeling FUD, take a hard look at why, sometimes its legit but most of the time it is intentional. + +*4. Continue to DRS + Hold. + + +#**Conclusion:** +I hope this write-up has been informative and not too dry. If you found this valuable and would like me to make it a weekly series please let me know because this was a simple introduction to the topic and themes most relevant to us in my opinion. There is a wide variety of other methods used in military, government, and other contexts that are applicable here as well. I would be more than happy to continue making educational posts as a defense. Thank you for reading. + +. +. +. + +**Edit:** I have been temporarily suspended for 7 days so I will be unable to post next Sunday. I do plan to post as soon as I am unsuspended. +I was pleased when we sat down with our accountant and learned that we were getting a big Federal tax refund. Yeah! + +But then I realized: we had given the government a big, interest-free loan for the last year. And the refund was almost 10% of our income. That money could have been working for us (and yes, it was accumulated over the entire year, but still). + +It's tough to get it exactly right. My goal is to receive a very small refund, or ideally, have less than $1,000 to pay. + +What makes our taxes tricky is our taxable investments. Some years the earnings are big and not offset with losses. A few years ago I had a huge success with a stock and needed to get out. The capital gains was staggering (yes, we had the money from the sale, but still). And it threw off our tax planning for the last several years. + +FIRE advocates are typically super savers. The conventional "our refund is our savings" approach seems to be antithetical to FIRE. What say you? + +What are your strategies to work your taxes to your maximum FIRE advantage? +I recently wrote a post on [books that helped me overcome my trading discipline issues](https://blog.redpilltrades.com/books-on-philosophy-that-helped-me-become-a-better-trader/) but wanted to share the TLDR version for those who feel overwhelmed by info the bottomless pit of trading strategies. (All my stuff is free so please don't kill me for sharing). + +Open to criticism - I've been in this position myself but wokred out the kinds over the last 3-4 years: + +&#x200B; + +1. Most of people I have coached or mentored only trade their **actual** system 40% or less of the time +2. Almost all significant losses come from people switching from one strategy to another when it suits them and messing with time frames +3. People become "involuntary investors" when they buy a bad stock and all of a sudden it's an investment (lol) +4. Almost nobody understands risk and position sizing - everyone wants it all now and the opposite happens. + +The problem with the above is everyone keeps looking at the system, at the stock market and at events outside of their control but don't look at themselves. + +It brought me to my own conclusion very relevant to day trading (full of stress response): + +&#x200B; + +1. I stayed with one strategy and shifted my focus to psychology, performance and personal philosophy (what's REALLY important) +2. I reduced the complexity of my trading system and dropped the ego part of wanting more and always burning out or giving back good profits +3. I ended up having a very profitable year with less stress, better relationship with my wife and trading got fun again! + +I guess my key message here is look inside yourself for the answers, stop relying on signal BS services and all that stuff. You are your best trading weapon and need to find a way to open that up and be authentic in your trades. + +Going back now I wish I started with psychology and philosophy first and then began to trade, it would have saved me ulcers, tears and years of frustration and blame. Sorry if too "emotional" hope this resonates with some of you! +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? +Voice in head says "search for [Chewy.com](https://Chewy.com) \+ metaverse". You know, because why not. Surely there have to be clues about what the hell is going on behind the scenes at my company. I am thirsty and want some whiskey, so in the meantime look what I found: + +[https://blog.cryptoflies.com/pet-food-and-supplies-company-chewy-is-set-to-enter-the-metaverse/](https://blog.cryptoflies.com/pet-food-and-supplies-company-chewy-is-set-to-enter-the-metaverse/) + +# Pet Food and Supplies Company Chewy Is Set to Enter the Metaverse + +## Chewy has filed a trademark application to enter the metaverse and the world of NFTs. + +*written by* [*Cryptoflies*](https://blog.cryptoflies.com/author/admin/) *April 28, 2022\*\*📷* + +*Chewy, the American online retailer of pet food and other pet-related products based in Dania Beach, Florida, has filed a trademark application for “CHEWY,” expressing its intention to enter the metaverse and the world of non-fungible tokens (NFTs).* + +*According to the trademark application, the company aims to provide:* + +* *Downloadable* ***computer software*** *that allows users to play video games, earn digital rewards, and create their own avatars;* +* *Interactive characters, avatars, and skins;* +* ***Virtual goods***\*;\* +* ***Online retail store services*** *featuring virtual merchandise;* +* ***Interactive website*** *for online virtual interaction in the metaverse;* +* ***Advertising and marketing*** *in the fields of the metaverse, augmented reality (****AR)****, virtual reality (****VR)****,* ***NFTs***\*, cryptocurrency, and blockchain.\* + +*The news was shared via Twitter by metaverse trademark attorney Michael Kondoudis.* + +&#x200B; + +\*\*\*\* And I don't see ANY crypto or metaverse related job opening positions on their website ...... which means they are either done, using someone else's team to do it, or pulled the plug on the project. Let the tinfoil commence. + +Also if this has been posted, lmk and I can take this down. But I searched and did not find. ❤️ + +Also he posted this Tweet about a month prior, remember?: + +https://preview.redd.it/7wp980uwew4a1.png?width=510&format=png&auto=webp&s=948efa5f3f602c5923f21aa8378ae0a6f243d21d + +BuT HOw dOEs ThIS ApplY To GAmeStOP??? + +Glad you asked. Because it does. You just don't know it yet. + +Edit: added RC Tweet + +Edit2: It was written, [Chewy Vibes](https://www.reddit.com/r/Superstonk/comments/qgyh2u/cohens_recent_tweet_points_to_his_strategy_to/) +Microsoft releasing this framework so soon and early is the ultimate proof that ethereum is the next big thing. I am even more exited at these news than I was during EEA. I literally can't stand still. Your thoughts on this? +Just as a warning to people looking into this ICO, it seems that they've given a HUGE bonus during their "private presale". According to the math that they have released on their blog, they raised $16.5 million during the private presale and sold a total of 3,275,292,318 tokens. When doing the math, it comes out that the people during the presale got 198.5 tokens per $1 spent. + +According to the same blog post, the price during the ICO will be 1 ETH = 26,950 Tokens. With the current ETH price of 310, that means you're getting a little under 87 tokens per $1 spent. That's a HUGE difference! + +When asked about these #s, they stated that "The presale buyers only got 50% and then they were paid for services with the rest of the tokens" but their blog post states that they sold all of the tokens. When questioned about this, the COO got angry and left their Discord and then banned me and multiple other people that were questioning the #s and the huge bonus amount given. + +Just a heads up. People have been getting burned a lot lately during these ICOs that have given out huge bonuses. This one seems like it could be another one of them. + +Link to their blogpost : https://blog.stormtoken.com/storm-token-sale-terms-overview-e03be20b0959 + +Edited to add screenshots of the discord conversation. After she said that she was "disengaging" and left the discord, the other moderators started banning. + +http://prntscr.com/gubdkd + +http://prntscr.com/gubdqy + +http://prntscr.com/gubduq + +Another Edit: After kicking me for questioning this, they lied to people in their telegram and said I was banned for saying "racial slurs". Not once did I ever do this, or would I ever. + +http://prntscr.com/gubh6k +The Golem team answered their AMA today and [the post is over 200 comments long](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/) - I would highly recommend having a read. + + +I had some free time so thought I would summarise the whole thing for those of you who don't have a couple of hours spare, into a 1,200 word bullet point list (from over 12,000 words!). + + +I have split their answers into categories, but in some cases I might split one answer into multiple summaries if it covers several different categories. I have linked to each answer after my summary so you can see exactly how these are worded, in case my summaries accidentally mis-represent any information. + + +Please understand that until Golem release their new roadmap (mentioned below) there are only vague instances where timescales for future updates are mentioned. Don't go thinking that support for XYZ is just weeks away. + + +**Brass** + +* You can now provide computing power and earn GNT on the mainnet. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy7v66/) +* Blender and (partially) Luxrender are the only use cases _currently_ supported in Brass. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6kcs/) +* Concent and GPU support should not be too far away. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy64ma/) A proof of concept \[for GPU rendering\] should be out soon. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6lkg/) +* Since moving to the mainnet from the testnet, Golem are learning more about scalability and how to solve user issues. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6j8t/) +* “couple hundred of nodes” using mainnet (see [stats page here](https://stats.golem.network/show)). [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6j8t/) +* In talks with the Blender Foundation to figure out the next steps to make Golem more accessible to people who are not so technical. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy7g0d/) +* Believes that Brass Golem on mainnet should have launched earlier, but this is all part of a learning and development process. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6y4p/) + +**Software (not Brass-specific)** + +* Golem manages its own ETH wallet as there may be problems with integrating your own wallet. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6g9q/) +* Does not recommend to download Golem from anywhere other than their official github \[and site?\]. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy673s/) +* Currently no support for a requester to also part-process their own data. A non-guaranteed workaround is possible. (No indication of the future, but the word _Currently_ may need highlighting?). [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6xom/) +* Integrating decentralised cloud storage (such as Sia, FileCoin and Storj) are planned but no current solutions fit Golem’s requirements. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6zam/) +* Confidentiality of requested tasks isn’t guaranteed, while there are still a tonne of cases where this isn’t an issue, they are working on this. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy79em/) +* A plugin for Blender will shortly be in the works. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxyatww/) + +**Roadmap / updates** + +* A new roadmap, likely as part of an updated whitepaper may be available in the next few months. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy64ma/) +* A redesign of the stats page has been started and new metrics may be added. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6c3l/) +* Using the same wallet on different devices is in their _to do_ [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6auf/) + +**Partnerships / requesters / customers** + +* At least four universities are interested in partnerships, the first could be announced in May, another in the fall at the earliest. The final two could be in discussions with Golem in May/June. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6kz6/) +* Two undisclosed partners could be working on proof of conceptions in May / June. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6kz6/) +* A vast majority of companies that fit the requirements are interested in at least running a proof of concept. Their biggest concerns cover confidentiality, verification, parallelization of computations etc. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6q2r/) +* Actively reaching out to fellow crypto projects that could be a good fit. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6reb/) +* Further talk of collaboration with Streamr and difficulties with reputation and trust in distributed computing, however, _once all pieces are in place_ integration should be relatively straightforward. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy7bw2/) +* Were not able to work with their parnert FriendUp Cloud as much as they wanted due to mainnet release, but will catch up later this year. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy78zt/) + +**Mainstream adoption** + +* To onboard providers, a detailed guide / walkthrough and chatroom are available. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy7g0d/) +* Not planning to allow GNT purchases with fiat with an in-house solution, but will instead integrate a third-party solution when possible. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6p6t/) +* They are working to make the program easier for people who aren’t savvy with technology, but not all networks are the same so more development is needed. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy68xb/) +* Transaction speed / throughput on the Ethereum network is already an issue, but is being mitigated somewhat by using transaction batching. Ethereum’s scaling technologies in development should solve this, _preferably before 2019_. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy7dob/) +* Current transaction fees are $0.01-$0.02 on average. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy7hyi/) +* Providers are not prioritized by hardware specs at the moment, this may change, but they will not discriminate. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6bjc/) + +**Use-cases** + +* Machine learning, neural networks, image recognition, transcoding and scientific compution use-cases are all either being worked on or should be prepared for a proof of concept at present. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6dfx/) +* More information about machine learning – for image recognition, files could be rendered locally for training input. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6ks1/) +* Proprietary software and both CGI and non-CGI to have PoC possibly during Brass. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy64ma/) Although not giving away any names yet, the timeline (for PoC?) should be this year. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy8dx0/) +* Support for Unity (compiling, compressing and reimporting code and assets) is a potential use case but needs to be investigated deeper. (Keep in mind, this answered a specific question and doesn’t imply they _are_ working on this) [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6kz6/) +* Although challenging, low-latency use cases _should_ be possible. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy76cu/) +* The average person likely wouldn’t imagine that Golem could potentially help with high computation throughput use cases such as DNA processing. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6scw/) +* What can run on Golem is only limited by developer’s imaginations. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy7j1h/) + +**GNT Token** + +* May consider giving the token addition functions in the future, but research and suggestions are needed. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy948c/) +* No deals with exchanges or any upcoming listings expected. (whether listings happen or not appears uninfluenced by the Golem team). [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy67nf/) +* They have a policy of not actively applying for exchange listings. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy75op/) + +**Funding** + +* Less than 50% of ETH raised in ICO (820k ETH originally) remaining, which is intended to be used to benefit both the Golem Network itself and the whole Ethereum ecosystem. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6qds/) + +**Team & Company** + +* Julian starts his day with a cheese sandwich. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6el3/) +* Some slight indication that some rebranding and website redesign (this has already happened?) may be taking place. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6el3/) +* Marek’s departure from the company is likely permanent. He is currently working on a new documentary project. ([Decent](https://decentdocumentary.com/), please donate). [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxyap88/) +* Someone from the team should be at most/all legit blockchain developer events such as ETHDenver, ethCC, EDCON etc. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6reb/) Also Ethereal and Token Summit, but not (speaking) at Consensus. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy76qy/) +* Office expansion to London, San Francisco and Tokyo are possible. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy6kxj/) +* The mainnet launch had the team testing for the prior weekend doing tests, and although it was tiring, it was exciting and team morale is sky-high. The team don’t remember 75% of the launch party night and photographs of the evening were actually just really good renders. /s [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy77c6/) + +**Misc** + +* In Beta, Golem uses TM26 (Earthquake), but Rock Blast may be in the works. /s [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy65ey/) +* A day in Golem HQ looks like Terminator’s The War Against the Machines, but with friendly machines. /s [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy72rl/) +* Does not plan to apply for a license in Malta or Gibraltar (purpose of these licenses not specified). [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy71yn/) +* IExec incorrectly announced themselves as the _first_ decentralised global market, however Golem is already live. IExec also appears to be at least partially centralised and will launch on testnet. But Golem believe IExec to be legit. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy70fy/) +* Julian considers blockchain and decentralised technologies disruptive due to the freedom and choice of building tools that can impact us on a socioeconomic level. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy73ao/) +* You can help Golem by way of word of mouth (telling others about them such as on Reddit), by running the program and by entering the bug bounty competition. [link](https://www.reddit.com/r/GolemProject/comments/8cwj12/welcome_to_the_april_edition_of_golem_teams/dxy76fw/) + +I hope this helps! + +If you spot anything I have gotten incorrect then please let me know and I'll change this ASAP. + +[For more info about Golem you should see their website.](https://golem.network/) + +P.S I did try to submit this to /r/ethereum as it's not specifically price/trading oriented but the mod bot insists that it go here, so.. + +(Just because I know I'll get these comments: Yes, I do own GNT, so I do benefit from rising prices. No, I am not trying to pump. No, I am not suggesting you buy GNT. Yes, I do support and have non-financial interests in the project. Yes, I do actually run the software on the mainnet (I set my fee to 0 just to provide free computations but it turns out unless requesters request 0-price tasks then I still get paid). No, I am not directly connected to the project in any way.) +I want to start a small side business where I will be allowing the public to use my telescope, either by actively taking some people out for a night or just setting it up somewhere public. But before I take it out and make money, I'm wanting to upgrade the gear. + +Am I right that the new gear I buy will be tax deductible (proportionately to how much is used for business vs personal), even before I start making money? What about the cost of everything I've already bought from previous years, can those costs somehow be made tax deductible? +I was unemployed for a little over a year and would like to share my experience and what I learned. + +I was upper-middle class, owned my own business, and considered myself successful. Then times got rough, I lost all my big clients, had no income, and spun into a deep depression. My lowest point financially was when I was on SNAP benefits, selling everything I owned to afford rent and gas, and went into default with all my creditors. About 9 months ago I started a new job and have been digging myself out of this financial hole since. I’m not sure if any of the things I realized are earth-shattering but here are some of the things I learned. + +Save money however you can. For years I didn't and it significantly impacted me. As small as this may sound, I had an empty 5 gallon water bottle I had been putting all my loose change into for years. I can’t tell you how many times I dug into this when I was down and out and needed money for gas. My water bottle experience has taught me the value of saving $1 or $5 when I have a few extra bucks in my wallet. For me having a savings account doesn’t really work, I end up transferring the money to checking, so the water bottle was a safe “non-transferable” place. + +Sign up for a credit-reporting service no matter how anxious it makes you feel. I went from 750+ credit score to ~400 after I defaulted on all my credit obligations. It’s currently up to ~600 and has a lot of room to grow because there are several false charges on my reports that I’m still dealing with. If I had dealt with these issues earlier rather than later I’m sure my credit would be higher right now. + +Creditors love to settle. I had a total outstanding balance of around $70k split between credit cards, a business line of credit, and attorneys. I stopped making payments for many months and when I finally reached out to them to discuss my financial position, they were more than willing to settle. Total settlement payments were less than half of what I owed. Note that I received tax forms related to the amount of settlements, I have no idea how this will impact my taxes. + +Actively research and look for assistance. This can be anything. For myself it was SNAP plus Medicaid. I honestly didn’t know I would be eligible for SNAP and within 2 days of applying I had a card with $500+/mo for food; this is the only thing that carried me through my experience. I also qualified for help with water, electric, and phone/internet but I had started a new job before I followed up on any of that. + +Learn to cook. [Here’s a great book](https://cookbooks.leannebrown.com/good-and-cheap.pdf) by a fellow Redditor on how to make meals for $4 a day; Wendy’s 4 for 4 has nothing on this Redditor’s book. On top of that learn how to /r/mealprepsunday and visit /r/budgetfood frequently. Oh and coupons, you can save a shit ton of money using coupons you receive in the mail. + +Other stuff: Save electric; I stopped using HVAC because it’s too expensive, instead I heat/cool the room we're using. Don’t go to bars. Cancel all your subscriptions like Netflix, Amazon Prime, Spotify, etc. Buy food in bulk. Take your kids to the park. Order tap water instead of soda. I'm sure members of this sub have better recommendations. + +This is all stuff I did when I entered poverty and stuff I still do now. I still consider myself in poverty even though I have a job and make a decent salary. I hope this helps you. + + **Shoutout to** u/FULL_Option_8067 **for sharing some data and knowledge. Much appreciated !!! None of this is financial advice, use this info to make your own decisions.** + +***Link to previous DD that is a good warmer for this one.*** [***https://www.reddit.com/r/Superstonk/comments/nh3870/how\_the\_retail\_whales\_finish\_off\_the\_shorties\_due/***](https://www.reddit.com/r/Superstonk/comments/nh3870/how_the_retail_whales_finish_off_the_shorties_due/) + +&#x200B; + +https://preview.redd.it/vqqvbh57w9171.png?width=346&format=png&auto=webp&s=df020625ac6447657262d23d1a3dfe86bbe33ff4 + +**Retail Ownership – Based on Public Data** + +Retail ownership based on public data is staggering. We once thought institutions were making all of the moves on GameStop but it turns out after January a new whale entered the market. The below table was calculated two different ways.The numbers are not perfect and I will update as wrinkled brains object to them. The first way was with bloomberg data/ Ortex data. The second was with data from NasDaq/Fidelity/Bloomberg/Ortex. + +The reason for not including the short interest hiddin in calls and puts is to be conservative. I want to be as conservative as possible as I am an engineer and that’s how we do things. Full disclaimer: I 100% believe there is short interest being hidden within the options chain. That is not important for what I am trying to illustrate but you can multiply my examples by what is believed to be held in the options chain. . . Cough, Cough at least tens of millions of shares. + +&#x200B; + +[Table of Calculations Made for Retail Ownership](https://preview.redd.it/qobnecuzu9171.png?width=704&format=png&auto=webp&s=b505c15df0a55095bc0c1c5235190698f09e6e4f) + + + +**Retail Whale Super Splash** + +Ok, so big deal we own a bunch of shares but we still don’t have the power to move the market, right? WRONG. Let us use 40 million as retail ownership to have a nice round number. Now let’s say an average ape holds 100 shares. Let’s also say that from week to week retail is 95% tapped out. To make this relatable imagine an ape who owns 100 shares could stretch their limits to buy 5 shares. + +How do you tap into Retail shares? GameStop releases some super bullish or hype news. Let’s say for example they tweet a picture of a spaceman on the moon or correct the name of a game to be \*MOASS Effect. That will get retails tits jacked right? Yes, you are correct. I myself tapped out a few shares on that news. + +Now let’s say the news really excites retail, excited enough to buy 1% more shares. For someone with 100 shares that would be 1 share. For someone with 50 shares that would be .5 shares. For someone with 200 shares that would be 2 shares. Sure some will buy more, some will buy less and some will not buy at all. Regardless let’s say that got retail excited enough to expand their position 1% those two days. That is 400,000 shares added by retail on top of what is regularly purchased every day. Would you consider someone buying 400,000 shares a whale? Remember these are very conservative numbers. If we say retail owns 80 million based on option data then a 1% tap into retail would yield 800,000 shares. At 100 million, a 1% tap yields 1 million shares purchased. + +I used this example for a reason. What did we see on those bullish news days? On 5/11 for the spaceman drop we had 4.7 million volume followed by 2.7 million volume on 5/12 for the MOASS drop. For the most part we traded sideways. Not to fear, in Retail Whales Volume 2 I discussed how market makers both bonafide and not have incentive to use the T+x rules when retail buying pressure gets hot. Regular market makers abide by the T+4 rules and non-bonafide market makers can push it out much further to T+28 or some other T+# discussed by DD writers before me. The reason to spread it out is to keep this week’s option chain as delta neutral as possible aka max pain. They then spread the remaining shares out to the remaining T+x days to balance a surge in price which could cause a lot of problems for them. The market makers don’t have to be short GME to have this incentive because remaining neutral makes them the most money. They can also play the option chains the upcoming weeks if they believe the remaining retail buying pressure will lift the price. Below are two tables for regarding pricing and volume on the mentioned days and days after. The graphic illustration is a figure from my 2nd DD Retail Whales Volume 2. + +&#x200B; + +[SPACEMAN and MOASS Tweet Days](https://preview.redd.it/jqxk9d54v9171.png?width=624&format=png&auto=webp&s=abc985995f034befa68dce4e8c8d164cb450ad13) + +&#x200B; + +[Days Following the Tweets. 5\/18 marks the last T+4 Settlement day.](https://preview.redd.it/sp1ab9c7v9171.png?width=1369&format=png&auto=webp&s=6dddb17a96461af64c9c88e12606065a65ebc8ab) + +&#x200B; + +[Figure 2: Graphical chart of the price and volume movement the days following the GameStop hype posts hugely favored retail buying pressure.](https://preview.redd.it/zbs2nz6dv9171.png?width=624&format=png&auto=webp&s=3c296830fafa5352ad215c6efbd27cc72655aa59) + +&#x200B; + +[Figure 3: AMC chart highlighting those T+4 days after the GameStop hype tweets.](https://preview.redd.it/feq125ovv9171.png?width=1141&format=png&auto=webp&s=019e7498256b7f5cb31cc5d2bbed5f4cb257ba7e) + + + +**What Does This All Mean?** + +As stated before the game changed in the past couple months because we took over ownership of the company. The market moves we make are way different than what institutions were doing since they could use the employees of their company to develop plans to make money. We can’t do that because we are just multiple individual investors. We don’t buy much options which is good to not allow market makers to bank off of us, instead we buy shares and hold them fuckers. This is the retail way to win, steady buying of shares to make it impossible for shorts to contain the pressure. Buying shares over options makes it impossible for someone to short and make money off of us. Buying options is easy to rake in your money because they know how to gravitate lines to max pain. + +Now could institutions jump back in for a last hoorah? You betcha and they aren’t going to do it without data on how to do it. Retail investors owning all the shares of company is a new thing. They have to study what is there. The GameStop news drop was the perfect test since the drops almost entirely ownly got retail excited. Now institutions have some data on retail with this large amount of ownership and if an opportunity comes up to catch the shorters with their pants down, they can now take advantage. They can join the retail whales and make the hedgies sing. + +**TDLR** + +Retail owns significantly more shares than they did in January. Retail replaced the old whales. At a low-ball estimate of 40 million shares being owned, that is more than any institution has ever owned of GameStop. GameStop tweets of the Space Man and the MOASS were to collect data points on retail buying pressure. Retail will respond to these with buying way before institutions. The dates were chosen for good reason since there were no other catalysts or t+ cycles to interfere with the increased buying pressure. If retail owns 100 million shares and GameStop excites them enough to increase their spending by 5% then that would be 5 million shares bought in a day. If you couple this with T+ cycles you can have a launch for the ***MOASS***. Remember 5% of you owning 50 shares is like you going buy another 2.5 shares. Nothing crazy. + +**Whale TLDR** + +Institutions are Beluga Whales while retail is a Blue Whale. If you get blue whale excited enough he will jump out of the water and create the splash heard around the world. GameStop tested the size of the whale by releasing those hype posts. Now he knows how high he needs to make that whale jump to create the Mother of All Whale Splashes aka MOASS. + + + +[https://www.nasdaq.com/market-activity/stocks/gme/institutional-holdings](https://www.nasdaq.com/market-activity/stocks/gme/institutional-holdings) + +[https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?sto%20ckspage=ownership&symbols=GME](https://eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?sto%20ckspage=ownership&symbols=GME) +Since last weekend, the Ethereum community has been torn apart by an unprecedented culture war. Two camps have formed, and there is no indication that they will find common ground anytime soon. I will not take side with this post, as I only want to inform people of this issue. + +**So... What exactly is going on?** + +One of the pillars of the Web3 movement is the Ethereum Naming Service (ENS). This is a way to associate a public address with an easy-to-remember address; rather than telling your friend to send ether to you at 0x1234abcd..., for example, you tell them to send that to "yourname.eth". It may not matter much today, but this protocol is a part of the foundation on which much of Web3 is built. + +One of ENS's most influential developers, Brantly Millegan, has made some very controversial tweets about homosexuality, trans people, masturbation and pornography. Brantly is a practicing Catholic, and he has stated that all of these things are "evil". + +People in the community asked him to withdraw his words and apologize, which he refused. + +**Why did the situation escalate?** + +Soon, two camps were formed. + +On the one hand, those who believe that Brantly can say whatever he wants, since it is his freedom of speech. These people do not necessarily endorse his positions, but they defend his right to express them. They argue that the essence of Web3 is permissionless. In their view, nobody should be cancelled for their personnal beliefs. + +On the other hand, there are those who believe that Brantly views are dangerous and hurtful to members of the community who are gay, transgender, or who use pornography. They are afraid that, as a public figure in the Web3 community, Brantly will scare away a lot of people with his opinions. + +We have all the ingredients for a good old-fashioned "wokeness versus free speech" conflict. + +**What are the consequences of the dispute?** + +Brantly was removed from his position by the organization that manages ENS. Some of the "free speech" fringe reacted by selling their ENS tokens, and some even gave up their .eth domain entirely. + +On its side, the "woke" fringe hopes that such incidents will not happen again. They are gathered under the name "ENS is for everyone", and they militate for Web3 to be a safe space for everyone. + +**What's next?** + +I don't know, and nobody knows. But this first culture war is a great test to determine the values of Web3. Do we want it to be a bastion of free speech, or do we want it to be a welcoming place for everyone? The next few weeks are gonna be interesting, that's for sure. + +Thanks for reading, and I hope you learned something from me today! What do you think about all this? + +EDIT : *Please be respectful in your comments, the discussion will be of better quality that way.* +One of the most prolific scam coins has been beaten out of the top 10 once and for all. For this we can all be grateful. + +Evidence for all your downvoters: + +https://www.youtube.com/watch?v=xBxbiH_Mg44 + +https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae + +https://steemit.com/cryptocurrency/@thedashguy/the-reason-i-call-dash-a-scam-and-echo-chamber-proof-of-the-crazed-cult-like-thinking-of-dash-community-inside + +Today is a good day. +Critics argue that stock splits are non-events, that splitting a $400 stock 4:1 results in 4 shares trading at $100 each. Research shows splits add value. An Aug 2003 study at the Univ Illinois found that stocks that split beat the market by 8% in Yr 1, and by 12% in Yr 3. + +Why do stock splits work? +- Draws attention to the stock’s past success (momentum) +- Tend to be followed by increased earnings and dividends (signaling) +- Attracts new investors who couldn’t afford (broadens base) + +I continue to buy AAPL in front of its 4:1 split on August 31, up to $480. +I've been considering purchasing my first home and am curious how much others on the FI path tend to spend on their homes. + +I've already read what MMM has to say about housing, played with the New York Times buy-vs-rent calculator, heard the conventional wisdom about keeping your mortgage < 3 times your annual income. What I'm interested in is anecdata about how much you, personally, chose to spend and how you made that decision. Obviously context is hugely important here so please include as much information as you feel comfortable with re: location, income, FI goals, your net worth when you made the purchase, type of financing used, etc. +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. +If you're watching NFTcon today, please remember our sub rules against Brigading. + +That presentation is their event, not ours. We are guests there and should act respectfully to their news and announcements even when they don't relate directly to GME. + +We are Apes, not shills. Be supportive of their work and the foundation it establishes that makes the expected NFT dividend and MOASS possible. +Saying that we are early in crypto is not totally true if you are a new investor thinking that with $1000 in BTC you will become a millionaire in next couple of years. We are not that early, and I hate when people are leaving that imperssion on new investors. + +We are early from perspective of crypto and blockchain as a technology that can really change some things in nowadays financial world and world as a whole. + +However holding coins that are standing strong like BTC and ETH in this highly volatile market is lowering your risk and in some way saving your money because they will stick with us for a long time. + +But you are not late. + +If you invested in any top10 coins in the begining of 2021 you would be in profit in each of it, even BCH. + +Also if you invested last year in coins like MATIC, FTM, SOL and held it, your profits would go x1000. + +You need to be very smart and very lucky to choose a right coin with a good project and after you do that you need to hold it while it goes up and that is a thing of masterpiece. But no, you won't get rich with $1000 in BTC, we are not that early. +I've discovered this whole FI/RE thing about a year ago now. I'm on track with a plan now and I couldn't be happier that I undertook this early enough in life (I'm 25). This is the sort of thing that is all the more beneficial to one's life the earlier you discover it. + +So I can't help but wonder: What other big, life-changing ideas exist out there? Things that people should know when they're young in order to take maximal advantage of? + +This may not be the best subreddit to ask since I'm explicitly asking for ideas that are *not* this subreddit's focus, but I'm not sure where else to post it since I don't know what those other ideas would be. + +EDIT: Wow, there's a lot to explore out there. Thanks for the answers everyone! I hope this thread will serve as a way for others to expand their horizons as much as it likely will for me. +Hi everyone, this is James MacWhyte, Chief Product Officer at Bread. As you may have heard, we’re adding Ethereum to Bread and a very basic version of our Ethereum wallet is in beta now. + +Our current vision includes full ERC20 support (for any token, not just the ones we choose), and an extremely user-friendly interface. We also plan to make in-app token sale participation as simple as possible, and offer this feature to the community to greatly improve the experience of supporting a project you really believe in. Later, we will add full contract/DApp support to really make Bread the easiest, most powerful way to interact with Ethereum. + +Our design philosophy and drive to be the best bitcoin wallet has gained us over 700k bitcoin users today. We’re excited about the potential of Ethereum, and we want to become the best Ethereum wallet as well! With your help, I think we can do it. + +I’d love to hear what is important to you in an Ethereum wallet. What do you like and dislike about the wallet(s) you use now? Any particular features you want to request? Why? + +I’m all ears. +I'm done with DD (unless as something interestening to read or to learn something new). + +I'm done with predictions. + +I'm done with dates. + +Done with media. + +Bring on the memes and shitposting for me. +That is all I'm here for now. + +After yesterday I don't believe there is some mythical catalyst, some trigger we must hit. It's not needed anymore. + +They are bleeding, we need no further proof of that. Let them bleed, we know where we'll end up. I cannot see this ending any other way than MOASS. We knew it for a long time, every new clue points that we were right. There is nothing more to prove or verify until bankruptcies start. Till then price will just simply be on the steady climb, SHF will do what they can to postpone inevitable and someday they will fail for the last time. And then things will speed up. + +Look were we are after 6 months, price has been climbing for three or four weeks at least. + +We are always above exponential floor for fucks sake. + +And yet everybody seems to be waiting for some catalyst. Why? The price is on the steady climb already! It's just slower than some expected. + +From now on for me it's: + +NO DD +NO PREDICTIONS +NO DATES +NO TRIGGERS +NO CATALYST + +From now on it's + +ONLY UP + +(with dips of course, we all know how you like those dips) + +Buckle up! +So they now have a "tip your sandwich artist" automatically set for like 15%. You can set it to $0.00 by tapping "other" but beware: if you apply rewards after setting it to zero it will automatically reset the tip to 15%, so you'll have to turn it off again. + +This will be easy to miss for anyone just habitually rushing through making their favorite order or something. + +Stay safe out there; sharks are everywhere! + Please limit discussions about the Federal Reserve meeting to this post. + +The FOMC statement can be found here - [Federal Reserve Board - Press Releases](https://www.federalreserve.gov/newsevents/pressreleases.htm) + + Link to live broadcast at 2:30pm ET here - [https://www.federalreserve.gov/live-broadcast.htm](https://www.federalreserve.gov/live-broadcast.htm) + +If you missed the live press conference, the recording and transcript can be found here - [Federal Reserve Board - Videos](https://www.federalreserve.gov/videos.htm) + +Link to statement here - [https://www.federalreserve.gov/newsevents/pressreleases/monetary20221214a.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20221102a.htm) + +Link to implementation note here - [https://www.federalreserve.gov/newsevents/pressreleases/monetary20221214a1.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20221102a1.htm) +Now that we are minutes away from breaking 50k, I want us all to take a minute and make some memory. Specially on the bumpy road we had here since the last time BTC departed 50 grand. + +Remember how China kicked miners, and spreaded powerful FUD, taking miners elsewhere and opening new mines in many countries. + +Remember how Elon stopped accepting BTC and partially caused the spiral down that took BTC to 28k. + +Remember the billions liquidated in crypto longs. + +Remember the discussion about BTC , energy consumption and the enviroment that this movement triggered. + +Remember Microstrategy taking a loan of around half a billion to buy more BTC at 37k. + +Remember seeing ADA under $1. Yeah I know. + +Also, Moons for like 7 cents.... + +Remember the Doge rollercoaster, and the rise of memecoins. Story still unfolding... + +Out of the blue, El Salvador became the first country to make BTC a legal tender! + +Oh and Mark Cuban got rugpulled. + +Remember that someone killed John McAfee, holy shit. Does anyone know what even happened to this guy? + +Remember the Amazon tease. + +Britney Spears has been using BTC since 2014? + +Mandatory remember: fuck robinhood. + +Remember all the FUD, and how people was sure of BTC hitting 20k or 18k. + +**And most importantly, remember all you learned since then.** Most of us, didn't even know what a smart contract was back in april, or used to read PoS as "piece of shit". + +Hell I think even politicians have learnt some things, at least the proposal to ammend the Infrastructure Bill showed a couple of senators either knew more about the issue or got better advisors. + +All in all, when we see the news reporting BTC at 50k and a new FOMO cycle all around, it will have such a different meaning. + +This will be a great season ending, I'm eager to see what will come next. + +Edit: The train has left the 50k station, see you at 100k +&#x200B; + +[ EXPERIMENT - Tracking Top 10 Cryptos of 2018 - Month Thirty-Four - Down -56&#37; ](https://preview.redd.it/iz7n0jc7hz361.png?width=666&format=png&auto=webp&s=e4998536cc4eda21db7bfb9bbdbcb98f955cc225) + + ***The full blog post with all the tables is*** [***here***](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-35/)***.*** + +tl;dr + +* MOON USE CASE: In honor of the US Elections in November, I've hidden some presidential links in the post. I'll give the first person to name the three presidents AND the actors who impersonated them some moons. +* What's this all about? I purchased $100 of each of Top Ten Cryptos in Jan. 2018, haven't sold or traded. Did the same in 2019 and 2020. ***Learn more about the history and rules of the Experiments*** [***here***](https://toptencryptoindexfund.com/about/)***.*** +* **November** \- **XRP** and **XLM** put on a show, stocks had a good month, but nowhere near the crypto's performance. +* **Overall since Jan. 2018** \- **Bitcoin** still far ahead, now **ETH** is approaching its break even point. +* *Combining all three three years, Top Ten Crypto Portfolio strategy handily outperforming S&P if I'd taken a similar approach and $100 into BTC three years ago is finally worth more than $100 into S&P.* + +## Month Thirty Five – Down 56% + +[2018 Top Ten Summary - Still only BTC in green](https://preview.redd.it/fizjwfc3jz361.png?width=902&format=png&auto=webp&s=9026f7e9225d81dacf1766bab7251a645d759df5) + +Whew, quite a month for crypto.  After a modest [October](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-34), the cryptocurrency market took off in November, and took off [bigly](https://youtu.be/DJruzDNNHL4?t=22). Although **Bitcoin** received much of the press, **BTC** was outperformed by most of its 2018 Top Ten Portfolio peers this month.  + +Taking a look at the 2018 Experiment as a whole, after 35 months, **Bitcoin** remains the only crypto in the green.  It is now +48% since [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) and is returning more than the S&P 500 over the same time period (much more on that below). **Ethereum** is coming up fast to the break even point as well, now down only -16% since the beginning of the experiment. + +## Question of the month: + +#### Which crypto was ahead after the first year of the 2018 Top Ten Cryptocurrency Index Fund Experiment?  + +A) Bitcoin + +B) Ethereum + +C) Stellar + +D) XRP + +*Scroll down for the answer.* + +## Ranking and November Winners and Losers + +[2018 Top Ten Rank](https://preview.redd.it/0i525d0djz361.png?width=339&format=png&auto=webp&s=131e19d434e288baac3bd3c527600d5ff86dc621) + +Lots of movement in November: except for **BTC**  and **ETH**, everyone changed rank.  And mostly positive changes for this group of older coins:  besides one place slips from both **IOTA**  and **Bitcoin Cash**, the rest of the movement was upward and solidly so. + +**XRP, ADA, LTC, NEM, Dash,** and **Stellar** all advanced in the rankings. The highest climbers this month?  **Stellar** climbed an impressive six spots from #17 to #11 and is once again knocking on the door of the Top Ten. With little media attention **Dash** quietly had a great month, also gaining five spots from #30 to #25.  And **NEM** gained five places and regained a spot in the Top Twenty moving from #24 to #19.  + +*PSA for the other NEM hodlers who might be out there somewhere in the universe:* there’s a NEM Airdrop coming, which may have something to do with recent positive price action and rank movement. XEM holders will get 1:1 Symbol (XYM) in January 2021. + +*Back to our regularly scheduled program…* + +**Drop outs:** After thirty-five months of this experiment 40% of the cryptos that [started 2018 in the Top Ten](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) have dropped out.  **NEM, Dash, IOTA**, and **Stellar** have been replaced by **Binance Coin, Tether**, **LINK**, and most recently, **DOT**. + +***November  Winners*** – **XRP** easily outperformed its 2018 Top Ten peers, finishing the month +175% and wrestling the #3 position away from **Tether**.  + +I was curious last time **XRP** had such a good year, so I went back through three years of data for you, dear reader.  When was the last time in the 2018 Top Ten Index Fund Experiment **XRP** had such a good month?  + +Never.  + +The closest it got to November 2020’s outsized gains was when it finished +65% in September of 2018, over two years ago. + +**Stellar** was on fire as well, up +156% and nearly breaking back into the Top Ten.  + +***November Losers*** –  **BCH** was up +18% for the month, making it the worst performing crypto of the group by far.  A bit of a tough luck loss for **Bitcoin Cash**, but it simply couldn’t keep up with the rest of the field.  Second worst performing was **IOTA** (+39%) followed by **Bitcoin** at +43% + +For the overly competitive nerds, below is a tally of the winners of the first 35 months of the 2018 Top Ten Crypto Index Fund Experiment. **Bitcoin** still has the most monthly wins (9) and **Cardano** in second place with 6 monthly wins. **NEM** has lost 8 months, the most out of this group. + +Every crypto has at least one monthly win and **Bitcoin** is unique as the only cryptocurrency that hasn’t lost a month yet since January 2018. + +[2018 Top Ten Monthly Ws\/Ls ](https://preview.redd.it/k3p9a7nujz361.png?width=390&format=png&auto=webp&s=9c47074dffc8888c9bf0ebcac85d49d2f9c414bc) + +## Overall update – BTC returns surpass S&P, ETH in distant second, portfolio nears -50%, IOTA in last place. + +It’s taken nearly three years, but it’s happened: for the first time since the Top Ten Experiment began, I can report that putting $100 into **Bitcoin** on January 1st, 2018 has returned more than the US stock market as measured by the S&P 500.  After finally breaking even in [October](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-34) (**BTC** ended October +4%, the first time it finished in positive territory), it significantly increased its gains in November, ending the +48%.  While this monthly performance failed to keep up with the rest of the 2018 Top Ten in November, it was more than enough to surpass the gains of the S&P, which is up +35% over the same time period.  + +To sum up: *$100 into* ***Bitcoin*** *on January 1st, 2018 is currently worth $148 compared to $135 had it been redirected to the S&P on New Year’s Day, 2018.* + +**ETH** is still a distant second place, but made significant gains in November and is within striking distance of the break even point, now down only -16% since [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/)**.**  + +The 2018 Top Ten portfolio as a whole?  Down -56%.  If you’re just finding these posts now, that sounds horrible, but actually represents the highest point since [May 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-five/).  More details and a summary table below. + +Thanks to a strong month, **Dash** has narrowly escaped the bottom, replaced by **IOTA** which has lost -90%. The initial $100 invested in **IOTA** 35 months ago is worth $9.74 today. + +## Total Market Cap for the entire cryptocurrency sector: + +[2018 Market Cap - finally higher than when it started 35 months ago](https://preview.redd.it/61222wh9kz361.png?width=709&format=png&auto=webp&s=512a09f5d9f70af91b9c186bb89eb763804efb56) + +Another first for the 2018 Top Ten portfolio: after gaining a massive $182B in November, the overall crypto market is now at *a higher level than when the Experiment started nearly three years ago*. It’s only up +1% but definitely a milestone.  It’s been a tough road back though: you get a pretty good sense of the journey by looking at the table above. + +## Bitcoin dominance: + +[2018 Bit Dom tracking](https://preview.redd.it/72fvw29ekz361.png?width=617&format=png&auto=webp&s=c564761c316aabf80b46762454754e8af6afc782) + +After a big leap last month, BitDom fell about one percentage point in November, signaling altcoin gains.  For context, BitDom was 68% earlier in the year and since the [beginning of the experiment](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/), the range of **Bitcoin** dominance has been quite wide: we saw a high of 70% BitDom in September 2019 and a low of 33% BitDom in February 2018. + +## Overall return on $1,000 investment since January 1st, 2018: + +[2018 Top Ten ROI](https://preview.redd.it/p6sovyhhkz361.png?width=335&format=png&auto=webp&s=24db80cb3cb5cfbfc0d866305e962d75d733f14f) + +The 2018 Top Ten Portfolio gained about $171 bucks in November and is getting tantalizingly close to the halfway back point.  If I cashed out today, the $1000 initial investment would return about $435, down -56% from [January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/). + +For newcomers, welcome.  + +Also, yes, being down -56% on crypto in nearly three years sounds bad (and it is), but for some perspective it might be helpful to take a look at the ROI over the life of the experiment, month by month: + +[2018 Top Ten Monthly ROI](https://preview.redd.it/iem5olskkz361.png?width=734&format=png&auto=webp&s=10daa4bbe67f28058141696d94bff4069accc5ad) + +Looking at the table, you can see that returns are trending in a positive direction and -56% is a level that hasn’t been seen since May 2018.  The absolute worst month to hold the 2018 Top Ten?  Back in January 2019 when it was down [\-88%](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-thirteen/). + +So the Top Ten Cryptos of 2018 are down -56%. What about the ***2019*** and ***2020*** Top Tens? Enough beating around the [bush](https://www.youtube.com/watch?v=Q5Qwtv5hCBk), let’s take a look: + +* [2019 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-23): up +143% (total value $2,432) +* [2020 Top Ten Experiment](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-11): up +129% (total value $2,287) + +So overall? Taking the three portfolios together, here’s the bottom bottom *bottom* line:  + +**After a $3000 investment in the 2018, 2019, and 2020 Top Ten Cryptocurrencies, my combined portfolios are worth $‭5,154‬** ($435+ $2,432 +$2,287). + +**That’s up about +72%** for the three combined portfolios, compared to +18% [just last month](https://toptencryptoindexfund.com/tracking-2018-top-10-cryptocurrencies-month-34).  + +Not a bad month for the Top Ten Crypto Index Fund Experiments! + +Here’s a table to help visualize: + +[Combined Three Year Top Ten ROI](https://preview.redd.it/phuvstptkz361.png?width=453&format=png&auto=webp&s=036eb160277e3165b14361f2e937c1e102d99937) + +That’s a +72% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st for three straight years.  + +But surely I would have done even better if I went all in on one crypto, right?  + +Let’s take a look.  Only five cryptos have begun each of the last three years in the Top Ten: **BTC, ETH, XRP, BCH,** and **LTC**. Which one wins? + +[Three Year Club](https://preview.redd.it/7zgjlzxwkz361.png?width=642&format=png&auto=webp&s=6e4dc70b3f68e035e2b1aaa24d87e21dc50b6c01) + +**Ethereum.**  Going all in on **ETH** with $3,000 USD (dropped in $1k chunks on January 1st three times in a row since New Year’s Day 2018) I would be up +237%, turning that $3k into over $10k. Going all in on **Bitcoin** would have yielded +216%.   + +At this point in the Experiment, each individual crypto has outperformed the +72% gains of the Top Ten Index Fund approach except **BCH** which is only up +19%. + +## Comparison to S&P 500: + +I’m also tracking the S&P 500 as part of the experiment to have a comparison point with other popular investments options. Despite all the chaos of the US elections, the S&P 500 Index rallied significantly and set a new all time high this month: it ended November up +35% since January 2018.  + +[Monthly S&P since Jan. 2018](https://preview.redd.it/e2v0knlzkz361.png?width=511&format=png&auto=webp&s=6c093764531e9cedbe396d90143e5c8e2eea24fb) + +The initial $1k investment into crypto on [January 1st, 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) would have been worth about $1350 had it been redirected to the S&P. + +But what if I took the same invest-$1,000-on-January-1st-of-each-year approach with the S&P 500 that I’ve been documenting through the Top Ten Crypto Experiments? Here are the numbers: + +* $1000 investment in S&P 500 on January 1st, 2018 = $1350 today +* $1000 investment in S&P 500 on January 1st, 2019 = $1440 today +* $1000 investment in S&P 500 on January 1st, 2020 = $1120 today + +Taken together, here’s the bottom bottom *bottom* line for a similar approach with the S&P:  + +**After three $1,000 investments into an S&P 500 index fund in January 2018, 2019, and 2020, my portfolio would be worth $3,910.** + +That is up **+30%** [since January 2018](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-one/) compared to a **+72%** gain of the combined Top Ten Crypto Experiment Portfolios.   + +You can compare against five individual coins  (**BTC, ETH, XRP, BCH,** and **LTC)** by using the table above if you want.  The key takeaway? The S&P 500 is currently underperforming the 2018 Top Ten Portfolio each of the cryptos in the Three Year Club except for **Bitcoin Cash.** + +Here’s a table summarizing the three year ROI comparison between crypto and S&P as per the rules of the Top Ten Experiments: + +[Combined 3-year ROI vs. S&P](https://preview.redd.it/zdzhelu2lz361.png?width=660&format=png&auto=webp&s=82d278b9ace7b67f3715127e750acd7e24e6e738) + +That’s seven monthly victories for the S&P vs. four monthly victories for crypto in 2020.   + +But crypto has held the momentum in the second half of the year and has opened up the largest gap of the Experiment so far: an impressive +42% difference in November, even as stocks saw all time highs. + +## Conclusion: + +Despite US election confusion and an explosion of new COVID cases in November, both traditional and crypto markets had a strong month.  **Bitcoin** received the most attention, but alts did very well too, even some of the more established cryptos that make up the 2018 Top Ten portfolio.  One more month to go in 2020.  Are we in for a bit of a correction or can crypto climb higher before year’s end?  Stay tuned. + +Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects where I repeat the experiment twice, purchasing another $1000 ($100 each) of two new sets of Top Ten cryptos as of [January 1st, 2019](https://toptencryptoindexfund.com/tracking-2019-top-10-cryptocurrencies-month-23) then again on [January 1st, 2020](https://toptencryptoindexfund.com/tracking-2020-top-10-cryptocurrencies-month-11). + +## And the Answer is… + +**C) Stellar** + +After the [first 12 months](https://toptencryptoindexfund.com/tracking-2018-top-ten-month-twelve/) of the 2018 Top Ten Crypto Index Fund Experiment, **XLM** was firmly in the lead, down “only” -66%.  **Bitcoin** was in second place, down -71% after year one. +So today, the 26th of September 2020, the official twitter of Dolce & Gabbana tweeted the following: + +&#x200B; + +[Dolce & Gabbana tweet about crowning Elon Musk](https://preview.redd.it/2p8ew3ue7wp71.png?width=602&format=png&auto=webp&s=8426e753a0a4b77a3526e68552344517e42f7beb) + +The Doge Crown, which features seven blue sapphires and 142 diamonds, was designed by none other than Domenico Dolce and Stefano Gabbana themselves. + +**However**, the crown has nothing to do with the meme cryptocurrency or its most famous cheerleaders since it was named after the former title of the supreme authority of Venice. + +I believe **it is time that we stop praising** elon musk for doing literally nothing else than pumping a ~~shit~~ memecoin. + +He is not, and will never be the King of Crypto. + +Hail Vitalik! +So today, the 26th of September 2020, the official twitter of Dolce & Gabbana tweeted the following: + +&#x200B; + +[Dolce & Gabbana tweet about crowning Elon Musk](https://preview.redd.it/2p8ew3ue7wp71.png?width=602&format=png&auto=webp&s=8426e753a0a4b77a3526e68552344517e42f7beb) + +The Doge Crown, which features seven blue sapphires and 142 diamonds, was designed by none other than Domenico Dolce and Stefano Gabbana themselves. + +**However**, the crown has nothing to do with the meme cryptocurrency or its most famous cheerleaders since it was named after the former title of the supreme authority of Venice. + +I believe **it is time that we stop praising** elon musk for doing literally nothing else than pumping a ~~shit~~ memecoin. + +He is not, and will never be the King of Crypto. + +Hail Vitalik! +Down $90 dollars in a couple weeks? Not advice but. + +Buy you fucking idiots BUY BUY BUY! + +HODL HODL HODL + +And for the love of all that's holy, DRS the shit out of your shares because WE HAVE THE POWER if we do that one simple thing. + +AFAIK---not advice. +Long time lurker, first post. For many here the key to achieve FIRE is to save 25X (or 33X) expenses, so a (lifetime) cut in annual expenses is worth a lot. Obviously life choices like 'never eat out', 'never travel', 'eat cheap food' will help to cut expenses, but at some personal cost. What are some ways you've found to cut expenses with minimal sacrifice to quality of life?? For me: + +(1) I replaced all light-bulbs in my apartment with LEDs, which cost me < $100 and saves about $15/month + +(2) I renegotiate my cable bill every 2 years, saves me a similar amount. + +From a FIRE perspective, $15/month x 2 = $360/year, which cuts required FIRE number by $9K at 4&#37; withdrawal. +Didn't have many people I could proudly say this (title) to, so I thought I'd share here. I'm nowhere near my idea of FI of course, but I am so proud of the way I've reshaped my life through focus and becoming more and more financially literate day by day through sites and subs like this one. The journey can seem like such a slog at times, but similar beginning milestone posts from others have always been some of the most motivational for me, so hopefully this serves as motivation for someone. + +I (29 y/o) started 2020 around $81k in debt (majority student loans, some CCs, a personal loan), $900 in savings, and a little in a 401k I'd contributed to off and on over the previous year without really understanding what I was doing. Had recently gone from making $55k to $85k in a non-technical career track in a HCOL area. I had never really felt out of control, but had no knowledge about saving, budgeting, investing, FIRE, debt payoff, compound interest, etc whatsoever, and just figured that everyone had debt forever (pmts just felt like a normal, lifelong monthly bills, like rent!), and no one my age had any sort of a retirement plan. + +My top New Year resolution was debt payoff, and I listened to every podcast, read every blog/book I could find on it, and of course all roads eventually lead to FI/RE/MMM/Vicki Robin etc. + +By end of this past year I'd paid off over $33k in debt, and have now zeroed out five different loans/CCs, cash flowed a 12 year old car so I could manage better in the pandemic, am on track to max out my Roth for the first time in 2021, landed a new role paying $100k, and am contributing as much as I can to my 401k, while also chipping away at remaining low-interest debt. + +I feel like a whole new person. It's been one of the best decisions of my life, to go down this path. + +If you're out there and feeling like you're eons behind in this whole journey due to debt, or you wish you'd started this 10 years ago, or you're feeling low after seeing a post by an engineer of some kind moving along toward FI quicker than you are, just keep up the good work. You're doing so well, and you're eons ahead of so many folks. + +tl/dr: Long time lurker, first time posting; Hit net worth of $0 just now at 29 y/o in a non-technical, non-sales career, in HCOL area. + +\*Edit for spelling error. +My company is requiring me to apply for a corporate credit card because I spend more than $X on travel each year. However, the credit card will be in my name and it is my responsibility to pay off the card. Is this normal/legal? + +As of now I just pay for everything I need for travel with a personal CC and then get reimbursed. This new credit card that they are requiring me to get will act no differently than that except that because it's linked to their reimbursement system the expenses will auto-populate. But I am still the one that has to pay off the card, or if I don't, it's still my credit that would get hurt. I don't feel like this is normal or that they can make me do this. Plus I don't want to since my current CC get's really good points. + +Are they allowed to make me do this? And is it normal? Thanks! +There is a short article in the Atlantic today that discusses whether we are trading happiness for comfort. + +One paragraph describes how out of four possible areas to spend money on we lean toward the first even though the last three give us much more happiness. The four areas are: + +1. spending on consumer items +2. buying time by hiring others to do things you don't enjoy +3. purchasing shared experiences with family/friends +4. donating to charity + +Conceptually, being fat should allow the people on this sub to do all four but I realize I am: + +- well below average on #1 +- almost zero on #2 +- thinking a lot about #3 but haven't started implementing yet +- have been consistent about #4 over many years but am planning to ramp up more + +I am curious as to whether people agree with the premise about what makes people happy, whether people are investing the right amount of resources into the four areas, and examples of how they are doing so. +Ok - I could have also named this "help me make my kids & grandkids trust fund babies"... + +I'm a big believer in Yang-style UBI (universal basic income). I also have zero confidence our nation would ever go for it. + +I'm also a big believer in the principles of work and savings that have led us all to financial independence movement itself. The hard part of the standard FI approach for me, though, is the idea to retire as young as you can and deplete all or most of your assets over the rest of your life. + +Has anyone here done calculations -- using the principles of FIRE -- how you could live leanFIRE or regularFIRE on a fatFIRE nest egg and leave multi-generational income stream behind? +Hi guys, i'm currently 22 years old recently graduated making around $60k after yearly bonus. I've been thinking about real estate investing since sophmore year of college. + +&#x200B; + +I had a few questions/(comments?) that I need help answering. + +Background: + +Currently live with my parents (free), I am not expected to help with groceries and stuff however I do lets say about $200-$500 a month depending on if I want to take them out to dinner on food/groceries). + +I pay the car insurance for the whole house so x4 cars including my sisters, thats $1,000 every 6 months (idk how they got it so cheap for so many cars didn't ask). + +Other than that I have no expenses so I've been able to save up $27,000 in cash. (I have been investing in my roth ira full contribution and 401k as well) + +Questions: + +1) How do you guys find duplex's to rent out? I was thinking just look up state x duplex for sale. But all I'm seeing are one half of duplexs being sold? Like on zillow I would see a duplex up for sale but pictures of only one side... and even then that HALF is $400k? Erm.... + +2) Is it better to live on one side and rent out the other? or rent both sides out and keep living with my parents? Which loans are better for both cases? + +3) Probably an important part is I live in colorado so the prices like most states in the U.S are pretty high, should I wait for a potential down fall of housing prices and keep saving? + +&#x200B; + +Before anyone says just google... yeah i've been doing that for a while and understand FHA/VA loans and all that but want to hear from a real person and not some articles and youtube/tiktok house hack gurus. +I really like wood, trees and lumber. I want to buy a land with forest with cutting rights and use cut down some trees from time to time to sell. + +I have never bought real estate. I want to know, what are the pitfalls? How do I avoid a scam ex: paying 100k for a lot that is worth 50k? Any with experience in the matter? + + +I have a interesting idea but not knowledgeable on the business. + +There is a community smack dab in the middle of a desirable area. + +The homes in this community are all 40 years old. They’re all one story and roughly all the homes are 1,500 sqft. The lot size average is 7,000 sqft. + +The average sale if the home is in good condition is $200,000 or under. Most of them have been in poor condition and have sold for around $150,000. + +My idea is to purchase one of the fixer uppers and its land, and build a 2 story that’s around 4,000 sqft. It should sell for $500,000.00. Then move on to the next lot and so forth. + +The one thing to make it work and continue building new homes in the community is that they all match in style and compliment each other. I wouldn’t want to build a couple of new builds and then another flipper comes in and builds a total opposite design, which could turn away buyers. I wonder if I came up with a style and 10 different floor plans to present to the HOA for any future builds? + +My other idea is to try and present this idea to a home builder. +I'm trying to put together a short list for a rental rehab so I can compare a few items before deciding what to put in. + +What types of materials are you putting in your rentals? + +For flooring, I will most likely refinish existing 1st floor hardwoods - or install vinyl plank. I plan to carpet the steps and 2nd floor. Basement has carpet, so I may leave that, and put some plank in the laundry area. + +The bathroom has a crappy surround, so I plan to pull that out and use some kind of inexpensive tile - maybe some 2x1 ceramic, and for the floor, just a laminate sheet. + +Kitchen will floor will either be ceramic tile or vinyl plank. And cabinets I'll probably go with white shaker from Home Depot or Lowes. + +New light fixtures, switches, outlets, and doors throughout. +Hey everyone, + +I’m at a crossroads, and I’m hoping you all may be able to weigh in with some advice, experience, and insight. I have a rental property that I paid 240k for back in 2015. It’s appreciated a good bit, and worth about 425k at this point based on the comps. I wanted to take advantage of this appreciation, and when my tenant’s lease ran out in May, I took the opportunity to sink about 35k into it and get it up to speed with the rest of the neighborhood. I’m confident I could sell it for between 420k-430k no problem. + +Now that I’ve gone through the renovations I’m having second thoughts on selling it, and am wondering if getting a HELOC to acquire distressed properties in cash is my better option, then fixing them up and refinancing into a conventional loan. My initial idea was to use a 1031 exchange and buy a larger multifamily property (or multiple) in the midwest. I’ve been working with agents in Kansas City, and have been out there a few times to check out properties and neighborhoods and really like the area. I think it poised to appreciate similar to where I currently live, but I’m mostly looking for cashflow at this point for my portfolio and know not to bank on appreciation. + +What’s my better option here? I was renting the house for $2200/month, and pocketing about $600 each month after all expenses. Should I keep the property and get a new tenant and a HELOC, which has new development and amenities planned to go in around it over the next few years, or go through with the planned sale and 1031 it? If I go the latter route I basically just wasted 35k on the updates and lost a very solid tenant, but I can live with that. If I acquire a property in the midwest, it would likely be a cheaper piece of property overall, and my cashflow per door would likely go down, but I’d have more doors and thus more cashflow, probably around $1500-2k per month with the new acquisition(s). + +What would you guys do? + +EDIT: I have already spoken with a company that would do an 80&#37; loan to value for a HELOC. Current mortgage is right around 215k, home is valued around 425k. +I've got one rental property (my first!) and I currently owner occupy. I intend to purchase more over time. Curious if it's possible to purchase a new truck and write off against the property. I already have one vehicle but it's on its last leg. + +Within legal means, is it possible to write off the entire truck against the rental as long as I use it exclusively for my rental half? The idea is that I'd leverage tax benefit while still driving my daily driver. + +For example, I purchase it with cash, use some form of depreciation over some period of time against the property to reduce taxable income from the rental. + +Edit: I realize that I should "seek advice" and "read tax law" but looking for general conversation on what has worked, not worked, etc. + +1. Is this feasible? +2. Does it make sense? +3. Are there other better ideas you might have? +4. If I fully depreciate, say over 5years, can I convert the vehicle to personal use after the period when it has no book value? + +New to the game. + +Minnesota + +Thanks! +I am a newer investor/landlord. I inherited the family business after a death in the family a couple years ago. I currently own 6 single family homes. All are really nice homes in a really nice area. Most of them have long term tenants. None of them have mortgages. + +I've got the landlord thing down and that part of this doesn't scare me as much anymore. The investor part still scares me. + +Is it a bad idea to purchase with cash a new construction home? I just don't feel I am ready yet to brrr a property or flip a property. + +The "business" and me personally have no debt. I guess because I am new, I am apprehensive about taking out a mortgage with 20% down to purchase a new investment property. The idea of going into debt to make money seems so counterintuitive to me. + +Any advice would be great! Thanks +Let me start by saying that I'm not coming here to say stocks are better, or cause any sort of tension. It's just that for some reason, the numbers I see are way in favor of stocks over real estate. When I read about rentals, they sound far superior, but when I look into housing prices vs. Renting prices, the numbers dont reflect what I had just been reading. + +For example, I live outside a major city in the US. When I look up housing, even townhouses are about $400k. If you're lucky you can get down into the $350's, and a single family is closer to $600k or so. Condos can go down to the $200's, but the condo fees are in the hundreds, and make the expenses about the same as a townhouse. + +Rent on the other hand is about $1300-1500 for a single bedroom. Maybe $1700-1900 for a 2br, $2000-$2200 or so for a 3br, and $2200-2500 for a 4br. + +When I read about things like the 1% rule, it's actually really frustrating. There is no way I can charge $4k/mo for a townhouse, nor is there any way to buy a 2br house for $170k. My only hope is to go into condos, and in any of these cases, I'd have to put 20% down for any hope of breaking even. + +I've looked all around, buy I'd have to go hours out from where I am to find something affordable. Unfortunately, these areas are more rural, so the rent is cheaper and the selection of tenants slimmer. + +I'm actually in a good position. I have a high paying job, but I dont feel very stable in it. Also my parents are realtors, so I can pay nothing in realtor fees. I brought up getting a rental to my dad, and he's really into the idea. He's actually kind of upset that I'm still in stocks and not housing. I just cant get the numbers to work. + +Stocks, by contrast, are 0 maintenance. I dont need to worry about location in the country, and if I lose my job, I'm not on the hook for paying them anything. The ETFs take a fraction of a percentage, vs a property manager taking something closer to 10%. + +I've heard you dont have to pay taxes on rent income if you spend it on the house. Additionally, you're not taxed for a large amount of the sale of a house. But the advantage isnt all in taxes, is it? + +I have about $150k saved up, mostly in stocks, and I really think diversifying into a rental could be massively helpful, but I just can't wrap my head around these numbers. I feel like there's some missing link or something. Am I just in a bad area for this? + +Thank you, and sorry for the novel! +I own 5 rental properties and the propterty I live in (6 total). I am located in Virginia. + +I have a GEICO umbrella policy but was recently told the policy will cancel since I am only allowed maximum 4 rental properties. I was told to either form an LLC or get a commercial policy (I do not want to do either). + +I can keep my policy if I remove one of my rentals from my umbrella, but I have no idea how to get umbrella for that one property left out. I have called other insurance companies and they ALL require you to also have car insurance with them. Since Geico requires car insurance to be with them to get their umbrella, if I get an umbrella elsewhere then I would need to get my car insurance through them, but again, they will also not provide a policy for my 6 total properties. + +Can anyone recommend anything? Should I just bite the bullet and get an expensive umbrella policy? + +EDIT UPDATE: I called a few brokers and dealt with a lot of idiots trying to get CGL insurance. Spent hours on the phone, being transferred many times back and forth. What a huge mess. I eventually just spoke with an agent at Nationwide, got quoted for almost $6k for covering the dwelling and liability up to $1mil. Not terrible, but definitely more expensive than what I pay now. + +Decided to check with Progressive for an update as they were still looking into if they could provide umbrella for 6 properties, and they can! I am in the process of switching over everything to them from GEICO. Car insurance and primary home insurance I have to switch over, and they are BOTH cheaper than GEICO. Definitely a win. +Pretty much here qc canada, the system is rent is due on the first, but tenants get some leway till the 5th where you serve them a letter that they have till the 21 or the landlord will take them to renters court, to have them evicted. If i go to court will take 2 months. + +Tenant 1: ussaly pays on time, she lost her job applied for welfare, paid me a partial rent no news when i will get the rest. + +Tenant 2: paid me less than half. Complicated situation with her ex and etranafer problems, but still has not paid in full. + +So i didnt submit the letters on the 5th. I need to pay the mortage next month, what do i do? +A) Send a letter saying its the 21 still missing rent and i intend to go to court, kinda not the way ita done. + +B) send a letter in december, including missing rent then i have to wait till the 21 to open a court case? + +Finding 2 new tenants is going to suck. +So I've been wondering how property appraising really works out. Are granite counters going to make me more money or will quartz do? What about quality of cabinetry? Custom tiling in the shower? Does anyone have some type of spreadsheet, general advice, or statistics on what is worth an upgrade and what isn't? If a granite countertop costs $X I can expect a $X increase? How much does a new roof play into a property appraisal? + +I have been wondering this for a while but haven't had the time to really figure it out. Are there any good books on this type of thing? +How do you guys/gals store any emergency funds/reserves for each property? Do you just put it in High Yield Savings account or do you keep it in low-volatile treasuries/bonds? + +&#x200B; + +Also, will I have trouble getting financing if I keep my reserves in low-volatility treasuries/bonds? Because I heard that typically lenders want to see reserves (preferably cash) before they finance. +Hello, + +I currently own 4 properties of which 3 of them are rented in some capacity (one is rented as an AirBnB / VRBO rental with all furnishings and the other 2 are long term, unfurnished rentals) and I'm trying to figure out what is the best method for tax benefits, personal liability, etc - hold all properties in a real estate trust, or an LLC? + +I have contacted my insurance agency and they are aware of use for each property as a rental, and as such, I do have an umbrella policy that covers me for an additional 1.5 million dollars of all of the properties. + +Are there any suggestions or recommendations as to which might be best, and why? + +Thanks in advance! +Phoenix, AZ. + +A guy I know, at 19 bought his first house, in the 7 years that passed till today, he bought and moved into new houses using the equity from the previous house bought and fixed them up, so and so on until he owned 5-6 houses, all of em paying rent and him making some money on top. He makes it sound so easy, but then again he used to work in mortgages with a credit union. Is this a risky strategy? What's the best way to do this? + +I bought a house Oct 2018 for 200k and its currently worth about 235k-240k, I owe 190k on the loan. I'm thinking about refinancing soon to lower my rate/monthly payment and drop the PMI. But now I'm thinking should I take some more money out via the equity when I refinance, and use that money to buy another house and follow the same pattern as the guy I know. + +I'm trying to find a way to make some passive income via real estate investing and this seems to be the best way and most realistic given I don't have wads of cash at my disposal. + +Please don't discourage me by saying being a landlord is terrible, I've seen differ case by case. +Personally, I DON'T think we are in an RE Bubble. Even with interest rates on the rise, with such low inventory, people are still purchasing homes at high rates knowing that in 10-15 years the price will appraise nearly anywhere in the U.S. + +However, one thing I am worried about are rent regulations. With minimum wages staying relatively the same and rents continuously rising, something has to be regulated to make sense financially. That could potentially put a limit (or even cut) current rent prices which would greatly affect Cash Flow each month. In theory, government interference with rent, could cause a great, cash flowing property to then receive zero to negative cash flow each month forcing investors to sell which would create another another RE crash. Again, I highly doubt it could happen, but it has been on the back of my mind! + +So now I wanted to discuss what do you think will need to happen to cause another RE crash to happen? And how can we best maintain security/risk to make sure we are protected if that does happen? + +Thank you! +I've been contemplating whether or not to buy a property to live in as soon as I move to a new city for a new career. I have little to no savings which means the down payment would not meet the typical 20% threshold but I am willing to pay mortgage insurance if the numbers make sense. I've become slightly confused while reading people's stories, watching "this is how I..." videos, and understanding the standard metrics used in real estate. I've always told myself that I would never rent once I moved to a city for a long term job and I'd really like to stick to this goal. Is it stupid to buy as soon as I move or, if I'm committed and willing to sacrifice other luxuries in life, can it be a sound investment? In an ideal world, I'd love to buy a duplex so I can live by myself while still cutting into my mortgage by having a tenant. Thanks! +>Shares of the fake meat maker have soared over 820% since its initial public offering on May 2, putting Beyond Meat’s market capitalization at a whopping $13.85 billion. +> +>That valuation is higher than that of roughly 25% of the companies in the [S&P 500](https://www.cnbc.com/quotes/?symbol=.SPX) index, including decades-old industry stalwarts like [Molson Coors](https://www.cnbc.com/quotes/?symbol=TAP), [Viacom](https://www.cnbc.com/quotes/?symbol=VIAB), [Under Armour](https://www.cnbc.com/quotes/?symbol=UAA), and [JetBlue](https://www.cnbc.com/quotes/?symbol=JBLU). At its Friday morning levels, Beyond Meat’s market cap was twice the size of [Macy’s](https://www.cnbc.com/quotes/?symbol=M). + +[CNBC](https://www.cnbc.com/2019/07/26/beyond-meats-13point4-billion-market-cap-is-beyond-ridiculous-investor.html) +markets are down nearly 25% ytd and we're not in a recession yet. So, are we pricing in a recession now so that when a recession actually hits, it won't be that bad or can we expect another 30 to 40 percent drop after we officially go into a recession? +Look at how gme has been handled by Melvin and citadel. So much shady shit going on in the background and now these big dawgs are here to play. Expect the same sort of shit. Remember the likes of this crew cooked up 2008. + +It’s a finite resource and they want it. They will start pulling dodgy shit like we have never seen. It’s that simple. They aim is to accumulate and the best way they know how is dunking the fuck out of retail. + +Hodl strong people, Goldman Sachs wants your bitcoin. +I guess by best I mean the highest pay to low stress ratio - ignoring personal interests and preferences and the specificities of particular organizations. + +I need money but have just been diagnosed with an autoimmune condition that flares up when I'm stressed so ideally want one that's challenging but not going to destroy me. + +My qualifications are in marketing and web design but I'm looking for a shift away because the former felt a bit coercive (at least the place I was working at were asking me to greenwash some deplorable things they were doing to the environment) and the latter job got a bit too lonely. +Edit: sigh, typo in the post title, my bad. + +Trying to work out wtf happened as we just received our quarterly electricity bill. + +It's just my wife and I so only 2 people, we usually pay around $430 (we're with Red Energy in Sydney), but we just received ours for this quarter and it was over $750?! + +We can't for the life of us work out why it would be so much higher, especially when we were running heaters more in the *previous* quarter when it was colder. + +I know global energy prices have had a big spike, and there's some inflation going on and blah blah, but *this* much more expensive? + +Any other Aussies get a shock? Or just something specific to us we should try and follow up on? +I would really encourage everyone here to look at this short news debate (12min) between professor Morgan Kelly, debating with a property bull just before the Irish market crashed 55%: [https://www.youtube.com/watch?v=Gd6ZwqLePC0](https://www.youtube.com/watch?v=Gd6ZwqLePC0) + +The professor's main point he is making, and advice to FHBs (final 30 seconds of the debate) is this: + +*"there is a fundamental disconnect when renting is cheaper than buying – rent now and do not buy"* + +The rest is history. Funnily now it is cheaper to buy in Ireland than it is to rent, which is the way it should be in a healthy market as owners carry (way) more risk than renters so they should obviously pay less. + +I have a lot of colleagues/friends here in Melbourne that rent houses 'worth' around $1.5m for less than $435/week. There is a speculative disconnect between what people are willing to pay to own, vs. what people are actually willing to pay to live somewhere. +They literally cut out all useful information from the website. Now it is so hard to find and compare investment options. Holy crap. And no more download PDF option anymore. + +I make websites for a living, and man this is such a shit user experience... +Like the title says, we are still seeing an unprecedented amount of traffic and low effort posts, of the 238 posts submitted in the last 12 hours 7 have been approved - the rest openly violated one or several of our rules, or were simply people offering their take on the GME situation. + +If you make a post and think it is worth approval then message the modmail, we’re also periodically looking through the queue and approving worthwhile posts. + +If your post is “what broker to use”, “I’m new how do I do X”, “I’m worried about robinhood”, “question about hedge funds/shorting” or literally anything to do with GME outside of breaking important news or analysis worthy of an investment bank it’s not getting approved. I don’t care how important you think it is to warn others about losing money, or to encourage them to fight the evil capitalists. + +Please feel free to use this thread as a general discussion thread for the day. Please concentrate all GME discussion in the existing thread posted here: https://www.reddit.com/r/investing/comments/l8jwsl/gamestop_big_picture_technical_recap_125_129/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +How many "experts" and "pros" predicted this late Feb downturn? Momentum stocks got crushed in the past 2 weeks. Tech been flat and almost all of them dropped after earnings despite positive all-time-high earnings result. + +Where were those fools in January? In early Feb? nowhere to be found. Those idiots only came out after the bond yields already rose to ATH post-pandemic and now proclaim they "saw it coming". + +What a joke. Now all of them are saying March gonna crash. I tell you that's exactly the reason March won't crash, instead, SPY will go into all time high in march, with tech/QQQ leading the recovery in equities prices. + +As i said before, the only bubble in today's market is fear. Fear is pumped up by media like CNBC to sell clicks and views. It's nothing but herd behavior at this point. Noobs and newbies and boomers got scared, led by the "experts" and "pros" who themselves don't know how the market would go. +(Japan🇯🇵) The Japanese government is in consideration of using Avigan, an anti-influenza medication, to treat patients of the COVID-19. It was developed by Fujifilm Holdings Corp.  + +The number of condominiums listed for sale in Japan dropped 12% to 70,660 units year-over-year in 2019, reflecting weak demands for condos and rising land prices and labor costs. The number is the lowest in 43 years. + +(Source: Kyodo News, Japan Today) + +*South Korea🇰🇷 + +South Korea is set to introduce the Game Business Act as part of a broad effort to remove negative connotations with the word "game." Many game developers say the negative perception of games in the country slows the growth of the industry. Games account for 67.2% of the country's cultural content industry. + +(Source: The Korea Herald) + +*China🇨🇳 + +Subsidiaries of the state-owned Aviation Industry Corporation of China resumed full production early this month by order of the government, despite concerns over the COVID-19 outbreak.  + +(Source: SCMP) + +@official_theasians +I was bored trying to think of a python program to write and I decided to write a bitcoin predicting program. + +How it works is it looks at the price graph for the last N (cycling through different values of N) days then tries to find the time the most similar pattern in price occurred in the past to the current pattern, then predicts the price based on what happened after that previous pattern occurred. + +This is probably worthless and won't be an accurate reflection of the future price at all, but just for fun, here's what it says about the next few years of bitcoin. + +It says that the current pattern we're in is reminiscent of 2018-01-06. + +On the graph, the left side of the green line is the recent price history (red line) and historical price history from 2018-01-06 (blue line), and right of the green line, the future price (red line) is modelled after the price history from 2018. The y-axis numbers on the left are the recent/future price and the y-axis numbers on the right are the historical prices from 2018. + +**90-day prediction:** + +Graph: https://i.imgur.com/gyQu523.png + +Peak: 2022-02-24 $41,030.37 + +Bottom: 2022-04-19 $24,538.98 + +Final: 2022-05-21 $34,227.86 + +**1-year prediction:** + +Graph: https://i.imgur.com/1MZjLFX.png + +Peak: 2022-02-24 $41,030.37 + +Bottom: 2022-10-06 $13,340.72 + +Final: 2023-02-20 $22,262.68 + +**(just under) 3-year prediction:** (falls just short of 3 years, I think because it doesn't have enough data) + +Graph: https://i.imgur.com/m76ks2c.png + +Peak: 2025-08-30 $282,899.62 + +Bottom: 2022-10-06 $13,340.72 + +Final: 2025-12-13 $155,385.66 + +So there you have it. Just a bit of entertainment. Don't go investing based on this. I'm gonna keep track and see how successful its predictions were. +First off, I’d like to point out that I see a ton of DRS - and I am absolutely proud of every retard here. + +Second, DD is not done. These degenerate gamblers had decades to put together an intensely complex system to give them an edge over retail and we have an opportune time while waiting for MOASS to do the research instead of scratching out behinds. + +As such, I’d like to present a CNS (No not Central Nervous System) - Continuous Net Settlement. + +TL;DR; + +SEC allowed the game of hot potato to continue from a 2012 ruling, which now gives way for NSCC to control the markets through NSCC’s CNS (Continuous Net Settlement) tool. Showcase how CNS works, with an availability for Kenny to trade between himself and his buddies to avoid showing FTDs with "offer to consent" option in CNS for open Fail Positions. + +[NSCC's full-service members on a daily basis](https://preview.redd.it/xs54w031ecr71.png?width=474&format=png&auto=webp&s=075c6f38967067ed8e3f51c30c7539d8ed79a01a) + +**What is it?:** + +An “accounting tool” within NSCC that performs as the central counterparty for clearance and settlement for virtually all broker-to-broker equity, corporate and municipal bond and unit investment trust trading in the United States. + +CNS settles trades from the nation's major exchanges, markets and other sources and nets these transactions to one security position per Member per day. Typically, NSCC’s trade guarantee will attach to CNS transactions that reach a point of validation. + +CNS processes include an automated book-entry accounting system that centralizes settlement and maintains an orderly flow of security and money balances. + +Throughout the CNS processing cycle the system generates reports that provide Members with a complete record of security and money positions and related information. + +While NSCC provides final settlement instructions to its Members each day, the payment and movement of securities ownership occurs at DTCC's subsidiary, The Depository Trust Company (DTC). As DTCC's depository, DTC also eliminates the movement of securities by providing book-entry deliveries, which transfer the ownership of securities electronically. + +Sauce: [https://www.dtcc.com/clearing-services/equities-clearing-services/cns](https://www.dtcc.com/clearing-services/equities-clearing-services/cns) + +**TA;CR;** CNS is an accounting-type system that nets out the balances of each NSCC full-service member on a daily basis. + +Imagine you have two pimps, and you lent $100 from Pimp A and borrowed $110 from Pimp B. CNS would be you telling Pimp B to talk to Pimp A to get $100, and give Pimp B $10. + +**TA;CR; End;** + +&#x200B; + +**What are the benefits of CNS (\*not for Retail\*):** + +* Regardless of volume, CNS nets Members’ security obligations on a daily basis to one net long and short position in each issue, minimizing security movements and associated costs. +* Through CNS, NSCC becomes the contra-party to each trade and guarantees each transaction under NSCC’s Rules. +* Closing fail positions are marked-to-market daily and re-netted with new transactions, which reduces risk. +* While CNS deliveries are made automatically using Members’ depository positions, Members can exempt certain short positions to avoid segregation violations and effectively meet other delivery needs. +* **CNS minimizes the need to deliver securities on a trade-by-trade basis to Members’ contra parties.** \- Remind you of the missing FTDs? +* Cash dividends, stock dividends, bond interest, and mandatory corporate actions are automatically debited or credited to Members' CNS accounts with open fail positions. + +**How does the service work?:** + +On settlement date, all trades due to settle are netted by issue to a net long (buy) or a net short (sell) position, and then are further netted with any new miscellaneous activities, including ID Net transactions, and open positions from the previous day. + +The CNS automatic delivery process occurs in two cycles: the “night cycle,” which begins the night before settlement, and the “day cycle” on settlement day. + +CNS short positions, which represent securities owed by Members to NSCC, are compared against their DTC accounts to determine availability. If shares are available, they are delivered from the Member's account at DTC to NSCC's account at DTC to cover Members' short obligations to CNS. Members can use CNS exemptions to control the automatic delivery of securities from their DTC accounts (partial settlements are permissible). + +CNS long positions, which represent securities NSCC owes Members, are processed in an order determined by an algorithm. Securities are automatically allocated to users' long positions as they are received by NSCC. Members can request priority for some or all issues on a standing or override basis. Buy-in submission notices also will affect the priority of a Member's long position. + +Daily money settlement is based on the value of all settled trades plus or minus mark-to-the-market calculations for all open CNS positions. + +CNS System provides the following three ancillary services: + +1. The Fully-Paid-for-Account provides Members with a "good control location", as required by the Customer Protection Rule (Section 15c3-3 of the Exchange Act) for Members' fully-paid-for customer securities in the event of a deficit that results from deliveries made outside CNS in anticipation of CNS receives. +2. Reorganization sub-accounts allow Members to take part in voluntary tender and exchange offers in an automated environment. +3. Members may issue buy-in intents to CNS once a security has failed. After CNS receives a buy-in, the issuing Member will be placed on high priority to receive the securities. Members who owe shares to CNS will be passed liability for the shares of the buy-in. + +I’d like to dive into the point 2 of the above benefits: **Reorganization sub-accounts allow Members to take part in voluntary tender and exchange offers in an automated environment.** + +A sub-account is a segregated account nested under a larger account or relationship. At the most basic level, a sub account can be thought of as an account within an account. + +Now, imagine thousands of sub-accounts trading among each other under one organization, as well as other similar sub-accounts from other organizations. + +**So, what are the mechanics of CNS with an ETF?** + +Sauce: [https://dtcclearning.com/content/220-equities-clearing/exchange-traded-fund-etf/about-etf/3613-etf-cns-processing-facts.html](https://dtcclearning.com/content/220-equities-clearing/exchange-traded-fund-etf/about-etf/3613-etf-cns-processing-facts.html) + +* T-1 + * On the evening of T-1 the ETF agent bank (sometimes referred to as an Index Receipt Agent) sends NSCC a portfolio composition file for each ETF for the following trade day + * Portfolio composition file displays the individual securities and the weightings that make up one ETF basket for the following trade day. For many ETFs one basket equals 50,000 shares + * Portfolio composition file also includes cash amounts in the fund for each basket unit + * For example, 50,000 ETF shares = + * 10 IBM shares + * 40 MRK shares + * 30 CSCO shares + * . . . + * And cash amount + * NSCC distributes the portfolio composition files on T-1 to members, non-members and the listing exchanges +* T+0 + * On Trade Date the agent bank’s authorized participant instructs the distributor and or the agent bank they want to create (or redeem) an ETF basket + * The agent bank sends NSCC the ETF creation instructions on behalf of the authorized participant + * On the night of T, NSCC generates the following transactions (for a redemption it is reversed) for the agent bank and its authorized participant for settlement on T+2 + * Agent Bank: - 50,000 ETF shares (deliver - short) + Components (receive - long) + * Authorized Participant: + 50,000 ETF shares (receive - long) - Components (deliver - short) + * NSCC assigns the closing price on T to each of the components to determine their contract value + * NSCC then totals the contract values of all of the components along with the cash amount provided by the ETF agent, which pertains to accrued dividends and fund fees and assigns that amount to the contractual value for the 50,000 ETF shares. If all securities settle on settlement date the only money that settles through CNS (code 82) is the cash amount + * The transaction fee is sent directly to money settlement and collected through a unique money settlement code on T+2. For standard portfolio’s it is a code 54; for custom standard portfolio’s it is a code 55 +* T+1 + * On T+1, NSCC reports the details of creates/redeems that were received + * Once the create/redeem for an eligible security is reported to NSCC, the transaction is eligible for processing through CNS + * The status and movements of these securities are reported through various reports + * Cash amounts for dividends and fees are sent directly to money settlement and are collected through a unique money settlement code on T+2 +* T+2 + * On T+2, the authorized participant delivers the underlying components to CNS who, in turn, delivers them to the agent bank + * The agent bank delivers the 50,000 ETF shares to CNS who, in turn, delivers them to the authorized participants. These deliveries are made through DTC book entry with CNS + * When all securities settle there is no CNS mark-to-market payment. The only money changing hands is the cash payment for the transaction fee and the difference between the value of the components and the cash amount and the ETF which is sent directly to money settlement. If not all securities settle, CNS marks to the market the securities that are failing based upon the primary markets closing price for the components and the ETF. + * CNS automatic delivery process occurs in two cycles: the night and the day cycle. + * Daily money settlement is based on the value of all settled trades plus or minus mark-to-the-market calculations for all open CNS positions and relevant cash amounts. + * For any trades that are not completed on settlement day, CNS marks the open position to the market and the open position becomes part of the next business days netting/settling process. + +NSCC full-service members every work day + +&#x200B; + +**Being a visual person, I wanted to put it in a diagram:** + +&#x200B; + +[CNS ETF process](https://preview.redd.it/qe3qn9d5ecr71.png?width=1911&format=png&auto=webp&s=ac1780ba44b7df3173f7d7e48a758fc918bd0814) + +**How does DTCC dip their hands into the ACATS system?:** + +Sauce: [https://dtcclearning.com/products-and-services/equities-clearing/continuous-net-settlement-cns/cns-acats-dtc.html](https://dtcclearning.com/products-and-services/equities-clearing/continuous-net-settlement-cns/cns-acats-dtc.html) + +In response to events relating to the close-out of Lehman Brothers in 2008, NSCC and DTC have been engaged with the industry in a series of initiatives designed to improve the efficiency and reduce risks associated with transactions processed through the Automated Customer Accounts Transfer service (ACATS) system. Previous initiatives focused on CNS-eligible and mutual fund ACATS obligations. + +As a next step in this series of initiatives, a new ACATS settlement process has been developed for enhanced efficiency and risk reduction for ACATS transfers of CNS-eligible securities and assets that are eligible for settlement at DTC, but not in CNS (non-CNS DTC-eligible assets). + +The changes address processing and risk-related concerns with respect to ACATS processing of CNS-eligible securities and non-CNS DTC-eligible assets: + +1. This initiative creates features for NSCC to track non-CNS DTC-eligible ACATS obligations on ACATS settlement date and reverse only those uncompleted transactions of the defaulting member in the event of a default. Previous initiatives focused on reversals of CNS-eligible and mutual fund ACATS obligations. +2. The proposed modifications allow NSCC to track CNS ACATS transactions in case of multiple Member defaults on ACATS settlement date. +3. Revised processing ensures that non-CNS DTC-eligible items are credited to a no lien location, in the same way that CNS eligible items are. + +TA;DR; CNS can now control even non-CNS (but DTC-eligible) obligations, and are ‘credited’ to a no lien location. + +A quick search for no lien, shows a notice of filing with the SEC by NSCC: [https://www.sec.gov/rules/sro/nscc/2012/34-66635.pdf](https://www.sec.gov/rules/sro/nscc/2012/34-66635.pdf) + +>*NSCC proposes to amend Rule 53 of its Rules and Procedures with respect to its Alternative Investment Product Services (“AIP”). The proposed rule change is intended to standardize and automate the method by which registered AIP broker-dealer members meet their possession or control obligations for uncertificated securities under Commission Rule 15c3-3(b)(1)4 when they designate another AIP Member as a “good control location.”* + +So, back to the Pimp section - NSCC basically asked SEC to allow the degenerate gamblers to shift their obligations to another degenerate gambler. Ever wonder why you are not seeing a reduction in FTDs? + +>*The Commission has allowed broker-dealers to use certain entities, which were obligated to create and maintain the ownership records with respect to such uncertificated securities as good control locations for uncertificated securities subject to certain conditions. The conditions outlined in these letters have generally included the broker-dealers’ receipt of certain assurances and representations from the securities’ record keeper, which assurances and representations have come to be known as the “No Lien Assurances.”* + +Well, that’s fucked up. + +>*The possession or control requirement means that registered broker-dealers must have securities in their physical possession or in their name for the benefit of their customers at one of the several “control locations” identified by Rule 15c3-3(c)8 of the Act. Because uncertificated securities cannot be physically held in a broker-dealer’s possession, the broker-dealer must establish that the uncertificated securities are lodged in what are generally referred to as “good control locations.”* + +SEC provides a definition of a “control location” below: + +>*Under the Commission’s rule, good control locations include registered securities clearing agencies, U.S. banks,* ***certain designated foreign financial institutions***\*, and “such other locations as the Commission shall upon application from a broker or dealer find and designate to be adequate for the protection of customer securities.”\* + +In 2014, SEC approved the rule SR-NSCC-2014-03, this is the rule where: + +>*One of NSCC’s core services as a central counterparty is to clear and settle trades through CNS. In CNS, compared and recorded transactions in CNS-eligible securities that are scheduled to settle on a common settlement date are netted by issue into one net long (i.e., buy) or net short (i.e., sell) position. CNS then nets those positions further with positions of the same issue that remain open after their originally scheduled settlement date (“Fail Positions”). The result is a single deliver or receive obligation for each NSCC member (“Member”) for each issue in which the Member has activity on a given day.* +> +>*As part of the services offered to Members, certain corporate actions, including cash dividends, stock dividends, bond interest, and other mandatory corporate actions (which include redemptions, stock and cash mergers, and name changes) are automatically debited or credited to Members’ CNS accounts with open Fail Positions in CNS. Members are also permitted to take part in certain voluntary corporate actions, which include tender or exchange offers, with respect to open Fail Positions in CNS.* + +&#x200B; + +[Basically Above](https://preview.redd.it/q1rm6dd7ecr71.png?width=1251&format=png&auto=webp&s=53bea3c2c102c96815bfb23a8abd9e78e60d996a) + +Naturally, like any system, CNS continues to be improved, and from the above approved rule change, there was an interesting excerpt: + +>*Today, if an open Fail Position in CNS is subject to a tender or exchange offer that includes an “offer to consent,” in order to participate in that tender or exchange offer the Fail Position would be closed, exited out of CNS, and would then settle directly between the counterparties outside of CNS. With this Proposed Rule Change, Members with open Fail Positions in CNS will be able to participate in tender or exchange offers that include an “offer to consent” within CNS.* +> +>*Upon implementation of the Proposed Rule Change, for a fee of $500, Members will be permitted to place a “protect” on an open fail position in CNS in order to participate in an upcoming corporate action or to add shares to a voluntary corporate action either (i) on the “protect” expiration date, or (ii) on the expiration date of the corporate action if there is no “protect” for that corporate action. Additionally, with this Proposed Rule Change, Members will submit “protect” instructions to NSCC electronically.* + +Basically, for a fee, NSCC allows you to hide the FTDs that would directly settle between parties, but NSCC wanted more - so they allowed them a change of definition to participate in “offer to consent” instead of having Fail Position. + +And this is how the FTDs are hidden - or at least that’s what it looks like. + +Obviously, there are more rabbit holes to go down. But this is one smoking gun if I ever seen one. +If I had bought back when I first learned of bitcoin, I would have bought, maybe, $1000 worth. I would be a multi-millionaire, today. + +But I know who I am and I probably would have sold early to get $200,000 or so and I would be dead. Drugs and alcohol... I would not have my 5 yo daughter and probably would not still be married, (because I would be dead). + + I've got very little holdings now in hopes it helps with my daughters college, one day, but I refuse to think I missed the boat because I would have sunk that boat and stayed aboard... + +Happy HODLing! +If I had bought back when I first learned of bitcoin, I would have bought, maybe, $1000 worth. I would be a multi-millionaire, today. + +But I know who I am and I probably would have sold early to get $200,000 or so and I would be dead. Drugs and alcohol... I would not have my 5 yo daughter and probably would not still be married, (because I would be dead). + + I've got very little holdings now in hopes it helps with my daughters college, one day, but I refuse to think I missed the boat because I would have sunk that boat and stayed aboard... + +Happy HODLing! +When this shit pops off, remember: + +The vast majority of the DD up to this point has been spot on. It really is surreal if you just take a step back and think about all that has elapsed. The manifestation of the wrinkle prophesies is happening before our eyes. + +So remember what this means… + +It means that if the price reaches anywhere near $xxxx, it likely has a lot more room to fly. + +Not price anchoring, but I think I’ll maybe sell one share for no less than 100 infinities just because I feel like a generous ape from time to time. + +Keep this in mind when the price is peeling ass at Mach 1 billion past the Oort Cloud and you’re thinking of letting go. *Don’t.* (Not financial advice) The price is whatever I as an individual investor want it to be. And that should be your price as well. Nothing less than 1,000 infinities. That’s how much these shares are worth: + +1,000,000 infinities. + +So remember… Wen launch… + +The universe is your oyster. And it looks eerily similar to our night sky… + +Chock-full of fucking diamonds. + + +Buy, hold, DRS. + +Power to the players. + +EDIT: I can’t believe this up/down vote tug of war happens every time I post a hype piece. Nothing about it would upset a legit ape. I’m just a glass smooth ape that does words good sometimes but I’m a threat it seems.. GOOD. Fuck ‘em. IF YOU BELIEVE THIS SHOULD GET MORE EXPOSURE THEN COMMENT ON HERE FOR MORE EXPOSURE. GET FUKT HEDGIES. + +Again, *and fucking always…* + +**POWER TO THE PLAYERS** + +EDIT #2: Got rid of price numbers because it seems to grind some gears. Relax apes. We’re in uncharted territory and I’m having some fun with it. What the fuck is the point if we’re not having fun? +Note: Not a silly question from a crypto noob, I work with crypto for a living and I still can’t come up with a satisfying answer to this question. This is intended to be a serious discussion. + +For stocks, bonds, etc - well established value. + +For BTC the value proposition is straightforward - sound, hard money - read the bitcoin standard if you haven’t already. + +But ETH...it doesn’t have a supply cap. Even if Vitalik and friends set a cap, the fact that they can set one at all means they can remove it. For the above reasons it can arguably never be sound money - but ETH never claims to be. It’s effectively a utility token for the ETH VM and underlying tokens. + +As long as there’s PoW, one could argue that the cost of mining backs the value of Ether, in the same sense as a commodity. Not everyone agrees with that - but you can at least make the case. However we all know they intend to eliminate mining within years. What we’re then left with is effectively a fiat currency, with interest rates and money supply set by the developers, with theoretical consensus from users. Not exactly the strongest foundation IMO. + +But if it’s not meant to be money anyway - presumably we get to the point where utility tokens fade into the background and are programmatically bought and used on an as-needed basis by dapps and wallets, so there’s no reason for people to hoard it. A relatively small amount of ETH with high velocity could satisfy the needs of users under that scenario. + +So at that point, what’s backing the value? The full faith in Vitalik and friends not to undermine the scarcity of the currency? + +I feel like either I’m missing something obvious, or even the current price of ETH is little more than a mass delusion with an expiration date. + + +While there's diverse opinions on how to cash out, a central theme being reiterated (for US folks) is to hodl for atleast a year so that your gains are taxed at the capital gains rate (15%) and not the personal income rate (generally a higher percentage for most folks; certainly the whales are in a higher bracket). With the massive amount of money which flowed in during a short amount of time, it is reasonable that a massive amount of "cashing out" should occur in a concentrated amount of time as well? + +Sorry for the bearish prediction, but I want to have a thoughtful discussion with those who have experience with securities (of any type) which saw massive rises in short periods of time -- what happened a year later? +So, I've given a lot of thought in the past as well as recently to my ideal life. It would largely be a large piece of land in a rural area, with an off grid house or cabin on it, with me homesteading. I homesteaded a bit recently and I am familiar with how to do plumbing (composting toilet, pvc drain, etc.) power (wind, solar, generator) and water (rain catchment system from roof) but am discovering that living off grid is actually illegal in most states. Alaska is legal since it's a way of life there but in the lower 48? Mostly outlawed. I did visit Alaska, but the only thing that stops me from moving there is the cold, the high prices on everything and the lack of jobs in case I want to go back to work. + +That leaves the other option of buying an existing small house or cabin on a property in most of the lower 48. Trouble is, most of these are extremely poorly built and over priced. Plus, with my own off grid cabin put together myself, I know how to FIX everything since I would put it all together myself, which will further help reduce my living expenses. + +So are there states where it is legal to live off grid and if so which ones? + +Also, would it be a better option to just live in a traditional stick built structure? +Right now I’m in school so I have time in the morning to make some quick trades for 30 minutes. I’m finally starting to see some good profits lately and I want to continue this. Problem is, i’m due for graduation in May and will start working from home in July. Because of that, I don’t think i’ll be able to allocate time from 9 to 10 to actively trade since i’ll be starting to work. I could switch to swing trading but i would be occupied too much that way. 9 to 10 allows me to make a quick profit and go on for the rest of days. Does anyone have experience in this arena? I would love to hear about your experiences. + +Thanks +Hey, + +I consider myself as a mediore-junior programmer with an engineering background, and I have an interest in algo trading for crypto. I don't have very ambitious goals, if I can make 4% in a month, I consider that as success. + +My question is that where should I start to dig, to which theory? As I noticed there are quite a few theories, like the arbitrage method, pump and dump, etc,or just try to filter out the whales, and buy and sell when they move. +I'm new to this sub, so I don't know yet which method works, and which does not in practice. I studied math, so to understand/implement a formula wouldn't be a problem, also I can study how to run my trading logic from AWS. + +Cheers, +I tried checking some of the sidebar, but I just am looking for some quick clarity. Right now I'm trying to learn a related major in college, statistics. I am wondering if this sort of work is like opening Rstudio, installing quantmod, and running a few lines over and over until I've traded enough times to make a profit. That's about as much as I understand from what I learned on my own so far, but it seems to be the wrong image. Can someone enlighten me to how a programmer can trade stocks so quick? All I ever get is an idea of what this sort of trading is like, without many specifics. + +Edit: I don't know how Rstudio could pick for me the right stock, and have me invest in it personally at a brokerage day in and day out? That's my thinking of what I'm getting myself into. +Would you rather use regression or classification approach in algo trading? Why? Thanks + +p.s. I'm talking about log returns (regression) or their direction (classification) +I'm a software engineer, and a few buddies of mine and I are planning to make a free-to-use algorithmic paper trading platform. The purpose of the app would be to allow users to create simple and complex rule-based trading strategies using stocks, options, and cryptocurrencies. When browsing this sub, something that always comes up is "how do I get started with algotrading?", and thus, we wanted to make a system that would help users get started. Some features we proposed for the system would allow users to: + +* Create multiple rule-based strategies using the UI +* Backtest their strategy on past historical OHLC data +* Paper-trade their strategies on real-time data +* Download Python pseudocode for their strategy so that they can run the system on their local machine. +* Create user profiles, public/private strategies, and (potentially) other social media aspects + +Before working on this project, a big question that needs to be asked is if there is market demand for this type of application. A lot of these features are relatively complicated to implement (especially for a web app), and thus, we want to make sure we are actually creating a project that users want. + +So, my questions are 1) Is this an application that people would find useful, and 2) What other features would you like to see in an application like this? I appreciate any and all responses! +Has anyone used the Alpaca API? Its paper account seems nice to test on and if you have the paper account they offer integration with the IEX historical data. If anyone has any experience with Alpaca or IEX data, how did it go using them? +Hi everyone, this goes out to anyone who has played around with the concept of statistical arbitrage in stocks or ETFs. + +Recently I dove into this topic, by first experimenting with index ETFs. Specifically, I looked for ETFs traded on European exchanges that track for instance the Nasdaq 100 index, so basically equivalents for the well-known QQQ. I analyzed the spread between the QQQ and for example ANX to generate signals when they diverge. I quickly found that in the absence of spread, strategies like this would print money fairly consistently. But because the ANX is very illiquid, the spread is accordingly high and the edge disappears when simulating a realistic spread. + +I suspect I will find this issue consistently across different assets. Illiquid assets are less efficient so there's a large theoretical edge, but the spread will be accordingly high. + +To those that made attempts in this direction as well, did you find something similar? Perhaps looking at individual stocks would be easier in terms of spread, but the cointegrating behaviour would then also be harder to find when compared to two assets that track exactly the same thing. +I wrote a python program that achieves a bit over 95% backtesting accuracy on the sp500 index. I had over 10k data points (hourly) to test on. What should my next steps be? I understand 95% accuracy for backtesting is not the same as forward testing. My strengths are in CS and not finance. Please do let me know what you guys think! +I’m in uni studying economics right now. And I’m looking forward to learn Quantitative trading. Does anyone have ressources where I could start? I feel like every book is too complex or for math graduate. Because Everything is online, I think that I should be able to stack up the knowledge. Any starting point ? Thanks +Algotrading is an opinionated place, with good reason. We've all made those huge noob mistakes - cost of the education. + +That being said, have you found that some common conventions are best broken? + +As per etiquette, not going to disclose or ask anyone to disclose, though I've found knowing what rules to break, and when is incredibly useful. +I wrote a python program that achieves a bit over 95% backtesting accuracy on the sp500 index. I had over 10k data points (hourly) to test on. What should my next steps be? I understand 95% accuracy for backtesting is not the same as forward testing. My strengths are in CS and not finance. Please do let me know what you guys think! +I haven't seen this talked much about here. Are there any major differences in terms of difficulty, profitability, consistency among the different financial instruments to algo trade with? (Options, FX, equities, etc.) + +How should one go about deciding which one to trade with? Or is this a wrong way to start thinking about algo trading? +As a little bit of background i have a finance degree, and am knowledgeable when it comes to investing. I don't really know much more than pretty basic C++ programming. + +Is it worth learning to code inorder to algo trade? If so, what language should i go with (I like the look of Python, but am not real knowledgable on these things)? + +Is it likely that my software will ever get to be more profitable than me micro managing my own investments? + +Any advice is appreciated! +[Source](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210805a.htm) + +>Following its stress test earlier this year, the Federal Reserve Board on Thursday announced the individual capital requirements for all large banks, effective on October 1. Those capital requirements ensure that the large banks tested will hold roughly $1 trillion in high-quality capital—enough to survive a severe recession and still be able to lend to households and businesses. +> +>Large bank capital requirements are in part determined by the Board's stress test results, which provide a risk-sensitive and forward-looking assessment of capital needs. The below table shows the total common equity tier 1, or CET1, capital requirements for each bank, which is made up of several components, including: +> +>Minimum capital requirement, which is the same for each firm and is 4.5 percent; +> +>The stress capital buffer, or SCB, requirement, which is determined from the stress test results, and is at least 2.5 percent; and +> +>If applicable, a capital surcharge for global systemically important banks, or G-SIBs, which is at least 1.0 percent. +> +>The Board also affirmed the stress test results for one bank that requested reconsideration, HSBC North America Holdings Inc. The reconsideration process involved an independent group—separate from the stress testing group—that analyzed and evaluated the results. While affirming HSBC's stress test results for this cycle, the Board also directed the staff to conduct a closer examination of issues raised in the reconsideration process to inform continuing improvements in its stress testing methodology for next year's stress tests. + +&#x200B; + +Large Bank Capital Requirements - August 2021 + +Under the Federal Reserve Board’s capital framework for bank holding companies and U.S. intermediate holding companies with $100 billion or more in total consolidated assets, capital requirements are in part determined by the supervisory stress test results. Table 1 shows the total common equity tier 1 (CET1) capital requirement for each large bank, which is made up of several components, including + +* a minimum CET1 capital requirement of 4.5 percent, which is the same for each bank; +* the stress capital buffer (SCB) requirement, which is determined from the supervisory stress test results and is at least 2.5 percent;[1](https://www.federalreserve.gov/publications/large-bank-capital-requirements-20210805.htm#fn1) and +* if applicable, a capital surcharge for global systemically important banks (G-SIBs), which is at least 1.0 percent. + +&#x200B; + +|**Bank**|**Minimum CET1 capital ratio**|**Stress capital buffer requirement**|**G-SIB surcharge**[\*\*\*\*\*](https://www.federalreserve.gov/publications/large-bank-capital-requirements-20210805.htm#xt1p1f1)|**CET1 capital requirement**| +|:-|:-|:-|:-|:-| +|Ally Financial Inc.[†](https://www.federalreserve.gov/publications/large-bank-capital-requirements-20210805.htm#xt1p1f2)|4.5|3.5|n/a|8.0| +|American Express Company†|4.5|2.5|n/a|7.0| +|Bank of America Corporation|4.5|2.5|2.5|9.5| +|The Bank of New York Mellon Corporation|4.5|2.5|1.5|8.5| +|Barclays US LLC|4.5|3.6|n/a|8.1| +|BMO Financial Corp.|4.5|3.0|n/a|7.5| +|BNP Paribas USA, Inc.†|4.5|6.4|n/a|10.9| +|Capital One Financial Corporation|4.5|2.5|n/a|7.0| +|Citigroup Inc.|4.5|3.0|3.0|10.5| +|Citizens Financial Group, Inc.†|4.5|3.4|n/a|7.9| +|Credit Suisse Holdings (USA), Inc.|4.5|6.9|n/a|11.4| +|DB USA Corporation|4.5|4.5|n/a|9.0| +|Discover Financial Services†|4.5|3.6|n/a|8.1| +|DWS USA Corporation|4.5|7.2|n/a|11.7| +|Fifth Third Bancorp†|4.5|2.5|n/a|7.0| +|The Goldman Sachs Group, Inc.|4.5|6.4|2.5|13.4| +|HSBC North America Holdings Inc.|4.5|7.5|n/a|12.0| +|Huntington Bancshares Incorporated†|4.5|2.5|n/a|7.0| +|JPMorgan Chase & Co.|4.5|3.2|3.5|11.2| +|KeyCorp†|4.5|2.5|n/a|7.0| +|M&T Bank Corporation†|4.5|2.5|n/a|7.0| +|Morgan Stanley|4.5|5.7|3.0|13.2| +|MUFG Americas Holdings Corporation|4.5|3.3|n/a|7.8| +|Northern Trust Corporation|4.5|2.5|n/a|7.0| +|The PNC Financial Services Group, Inc|4.5|2.5|n/a|7.0| +|RBC US Group Holdings LLC|4.5|3.4|n/a|7.9| +|Regions Financial Corporation|4.5|2.5|n/a|7.0| +|Santander Holdings USA, Inc.†|4.5|2.5|n/a|7.0| +|State Street Corporation|4.5|2.5|1.0|8.0| +|TD Group US Holdings LLC|4.5|2.5|n/a|7.0| +|Truist Financial Corporation|4.5|2.5|n/a|7.0| +|UBS Americas Holding LLC|4.5|7.1|n/a|11.6| +|U.S. Bancorp|4.5|2.5|n/a|7.0| +|Wells Fargo & Company|4.5|3.1|2.0|9.6| + +\* The G-SIB surcharge is updated annually in the first quarter.   + +† Firm did not participate in DFAST 2021. The SCB requirement is based on DFAST 2020 results.  + +n/a Not applicable.  +In general, European states have heavy taxes on capital gains and dividends. Some levy a wealth tax. However, you often get good healthcare in return, and a guarantee of no surprise "out-of-network" costs. Curious if any US FIRE-ers here have run the numbers and found some good candidates? My research has revealed Czechia as a possibility (15% flat investment income tax; still looking for the gotchas there). +For anyone who hasn't seen any of my previous posts on this, here's a little recap (including how this might relate to $GME) ... + +For several weeks now I have been seeing wildly incorrect carry values on deep out of the money $BKNG Puts. The carry values should reflect the midpoint between the bid/ask. Options contract prices are multiplied by 100 since they cover 100 shares. So an option with a bid/ask of $.40/$.80 should have a carry value of $60. + +The problem with incorrect carry values on options is an account could look solvent when it is, in fact, very much insolvent, necessitating a margin call. This might be especially handy in the middle of a stress test. + +Now Citadel and other major players in the GME saga happen to carry a bunch of these Puts ($BKNG specifically, and many others generally). You can see the details here for yourself ([https://whalewisdom.com/stock/pcln](https://whalewisdom.com/stock/pcln)). You'll find Citadel's holdings on page 13. Whether or not Citadel still carries a bunch of $BKNG Puts, and whether or not those Puts are affected by this "glitch," I do not know. One thing I do know is everyone needs to be aware of this, and this "glitch" needs to get fixed ASAP. + +You can read more about this in all my previous posts on the topic (with tons more examples of this total fuckery): + +[https://www.reddit.com/r/Superstonk/comments/narm2p/activate\_superduper\_free\_money\_cheat\_code\_may\_12/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/narm2p/activate_superduper_free_money_cheat_code_may_12/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/n9y4ke/more\_super\_hot\_cheat\_code\_action/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n9y4ke/more_super_hot_cheat_code_action/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/n71ae1/more\_bkng\_cheat\_code\_fuckery\_at\_least\_seems\_like/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n71ae1/more_bkng_cheat_code_fuckery_at_least_seems_like/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/n5ijpz/is\_someone\_using\_the\_bkng\_cheat\_code\_again/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n5ijpz/is_someone_using_the_bkng_cheat_code_again/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/mz1yr9/is\_it\_possible\_for\_an\_account\_to\_offset\_losses/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mz1yr9/is_it_possible_for_an_account_to_offset_losses/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/n782c1/putting\_out\_an\_apb\_on\_mispriced\_otm\_puts/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n782c1/putting_out_an_apb_on_mispriced_otm_puts/?utm_source=share&utm_medium=web2x&context=3) + +................................ + +Now for today's option pricing dumpster fire: + +https://preview.redd.it/b5mqgioaowy61.png?width=2124&format=png&auto=webp&s=8f5bc5a2fe084c951e5cd3730f834af87cbf0e8e + +https://preview.redd.it/94vmqcusnwy61.png?width=984&format=png&auto=webp&s=e7e7f1a4cc04fae12e20ee81ce9fe6eb0407b0ab + +https://preview.redd.it/xjzoatocowy61.png?width=952&format=png&auto=webp&s=54a70378b733660cbc0fa989d2ac78a8ba51be5a + +**Once again, the carry value (the value these Puts add to my portfolio) is completely disconnected from the bid/ask and previous price. In fact, it's disconnected from all reality.** + +As always, this is not financial advice, and purchasing OTM options are generally a terrible, terrible investment. For anyone thinking there is "free money" here, there is not. This is about false carry values, and how this phenomenon has the potential to make an insolvent account look solvent. There is no real value to these puts, which is the problem I'm trying to highlight. + +&#x200B; + +Edit #1: Yesterday, Friday, May 14, 2021 ... my Put carry values all checked out. Nothing crazy. Which is crazy. First time in weeks. + +To celebrate, here are some new thoughts on the state of the market: + +[https://www.reddit.com/r/Superstonk/comments/ndaad2/dd\_saturday\_special\_robinhood\_citadel\_options\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ndaad2/dd_saturday_special_robinhood_citadel_options_and/?utm_source=share&utm_medium=web2x&context=3) +For anyone who hasn't seen any of my previous posts on this, here's a little recap (including how this might relate to $GME) ... + +For several weeks now I have been seeing wildly incorrect carry values on deep out of the money $BKNG Puts. The carry values should reflect the midpoint between the bid/ask. Options contract prices are multiplied by 100 since they cover 100 shares. So an option with a bid/ask of $.40/$.80 should have a carry value of $60. + +The problem with incorrect carry values on options is an account could look solvent when it is, in fact, very much insolvent, necessitating a margin call. This might be especially handy in the middle of a stress test. + +Now Citadel and other major players in the GME saga happen to carry a bunch of these Puts ($BKNG specifically, and many others generally). You can see the details here for yourself ([https://whalewisdom.com/stock/pcln](https://whalewisdom.com/stock/pcln)). You'll find Citadel's holdings on page 13. Whether or not Citadel still carries a bunch of $BKNG Puts, and whether or not those Puts are affected by this "glitch," I do not know. One thing I do know is everyone needs to be aware of this, and this "glitch" needs to get fixed ASAP. + +You can read more about this in all my previous posts on the topic (with tons more examples of this total fuckery): + +[https://www.reddit.com/r/Superstonk/comments/narm2p/activate\_superduper\_free\_money\_cheat\_code\_may\_12/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/narm2p/activate_superduper_free_money_cheat_code_may_12/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/n9y4ke/more\_super\_hot\_cheat\_code\_action/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n9y4ke/more_super_hot_cheat_code_action/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/n71ae1/more\_bkng\_cheat\_code\_fuckery\_at\_least\_seems\_like/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n71ae1/more_bkng_cheat_code_fuckery_at_least_seems_like/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/n5ijpz/is\_someone\_using\_the\_bkng\_cheat\_code\_again/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n5ijpz/is_someone_using_the_bkng_cheat_code_again/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/mz1yr9/is\_it\_possible\_for\_an\_account\_to\_offset\_losses/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mz1yr9/is_it_possible_for_an_account_to_offset_losses/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/n782c1/putting\_out\_an\_apb\_on\_mispriced\_otm\_puts/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n782c1/putting_out_an_apb_on_mispriced_otm_puts/?utm_source=share&utm_medium=web2x&context=3) + +................................ + +Now for today's option pricing dumpster fire: + +https://preview.redd.it/b5mqgioaowy61.png?width=2124&format=png&auto=webp&s=8f5bc5a2fe084c951e5cd3730f834af87cbf0e8e + +https://preview.redd.it/94vmqcusnwy61.png?width=984&format=png&auto=webp&s=e7e7f1a4cc04fae12e20ee81ce9fe6eb0407b0ab + +https://preview.redd.it/xjzoatocowy61.png?width=952&format=png&auto=webp&s=54a70378b733660cbc0fa989d2ac78a8ba51be5a + +**Once again, the carry value (the value these Puts add to my portfolio) is completely disconnected from the bid/ask and previous price. In fact, it's disconnected from all reality.** + +As always, this is not financial advice, and purchasing OTM options are generally a terrible, terrible investment. For anyone thinking there is "free money" here, there is not. This is about false carry values, and how this phenomenon has the potential to make an insolvent account look solvent. There is no real value to these puts, which is the problem I'm trying to highlight. + +&#x200B; + +Edit #1: Yesterday, Friday, May 14, 2021 ... my Put carry values all checked out. Nothing crazy. Which is crazy. First time in weeks. + +To celebrate, here are some new thoughts on the state of the market: + +[https://www.reddit.com/r/Superstonk/comments/ndaad2/dd\_saturday\_special\_robinhood\_citadel\_options\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ndaad2/dd_saturday_special_robinhood_citadel_options_and/?utm_source=share&utm_medium=web2x&context=3) +I've been asked for my advice by a family member and think they're in a worse situation than they might realise, but I'm not sure if I'm missing something myself here or I'm being too negative (both likely). + +They're single, early 60s with about £130k in cash savings from split with partner. Rent and bills about £1k per month, only income a very small pension of about £100/month and some universal credit due to mobility issues (I think some sort of housing support and income support). They'll get a full state pension at 67 but still 5ish years off. No assets to name beyond a car. + +Current financial "plan" is to ride out savings as long as possible until state pension rolls in, then live a very modest retired life in rented accommodation. + +They've been told the wait for sorting their mobility issues will be over a year on the NHS, so has explored going private. The cost for this is going to be around £15k, so more than 10% of what they have to live on for the rest of their life. + +If the operation works then they'll no longer be eligible for any benefits presumably, as they're currently signed off for those same mobility issues? They've said they won't go back to work even if they make a full recovery as they feel they're not mentally capable any more. + +I suppose my main question is, am I missing something here or is this just a bad financial idea given the circumstances? In my mind, it's either wait it out and go with the NHS or go private, but then get a job of some sort with the new found mobility to help pay for the op? + + +TLDR -early 60s unemployed renter considering using 10% of life savings in one go to fix health, but will in turn reduce income. Bad idea? + + +Edit - it's not UC but PIP by the sounds of it. +I’m sure it’s likely he’s been so quiet due to the risks and legal concerns. But just think of the ape meltdown if his update was a screenshot of his shares sitting in CS? + +It’s just another sign of how fucked this game is that CNBC and Cramer can spout all their bullshit propaganda, bringing in that shit who told people to sell more and ask questions later, while DFV is gagged, Burry has to speak in tongues, and Reddit gets accused of market manipulation. +I'm trying to find information on options for a new heating system for my house (3 bed end terraced). Atm there are old style storage heaters and panel heaters in the house and they are clearly reaching the end of their life, the one in the hall isnt use able as one of the dials has snapped off. + +So the two best options I have found are high heat retention storage heaters or any air source heat pump being installed. The latter would be far more disruptive as we'd need a full new heating system where as the former, the heaters could just be replaced. However, we are also eligible for funding if we went for the heat pump and could also get an rhi payment (Scotland). + +So I'm specifically looking for anyone's experiences with switching to either of these systems from old style storage heaters. How much more affordable are your energy bills? Do the heat pumps work well in older homes? (ours is ex-council, cavity wall insulation and 270mm of glass wool in the loft). + +Thanks in advance for any experiences/advice. + +Edit: so this kind of blew up so I'm going to take more time to read through all the comments tonight. Thank you to everyone who has shared their perspectives/experiences. Also thank you to the nice person for the silver! +Hey hey. Hopefully this can be a bit of a fun thread and not TOOO serious... + +So, what will we all be doing with are last pay of 2019? +Deffo a spendy month for me before I start afresh with my savings plan in Jan 2020. +I’ve got two last XMAS pressies to get, and I’ll be going on holiday towards the end of the month, so some will go towards spending money. Those are the biggies for me, but I’ll save a little (but won’t feel to bad if not), pay my share at home, pay off debt, do my hair and ive got a few treats for myself in mind, and of course food shops, petrol and all that jazz. + +I’ve also decided going forward Decembers will a month off of saving , having been such a good girl throughout the year in line with my savings plan. Does anyone else have December off or give themselves a month off saving? +29YO. I started this year on 28.5k and as of July. I’ve now gone up to 38k. Not a big jump compared to a lot of posts I’ve seen in here. But for me, this is a big difference. + +I just want to finish off the year stronger, I’m crap with savings. I never seem to have money left and I don’t understand why. + +I pay 750pm in rent (I’m still living with family) I have 2 credit cards, 3 loans, my Student loan and a bank overdraft. + +What do I need to do so that 2023 is a much better year for me? + +Thanks for any advice offered. +Tesla's current market cap is the result of multiple positive feedback loops which has pushed its price to a ludicrous level via Short + Gamma Squeezes (it is also important to note virtually all TSLA shorts are out^(1)). This campaign has been largely led by large hedge funds. Without S&P inclusion, the story might have ended there with hedge funds trying to escape with their profits and leaving retail the bag. However, S&P inclusion presented these hedge funds with a much better option to close out their positions while also riding the stock down. The shares that hedge funds no longer wanted began to be picked up by passive funds leading to selloffs by the active funds which pushed prices to this level. + +&#x200B; + +https://preview.redd.it/n6fgihd1y6h61.png?width=1482&format=png&auto=webp&s=c5d3bf5499e500fd3b23914d36a8f7ab0f145767 + +With passive funds holding the bag, the hedge funds which lead the rally seem to be attempting to push the price back down through a reverse gamma squeeze^(2). + +&#x200B; + +https://preview.redd.it/l9c5bcwnz6h61.png?width=871&format=png&auto=webp&s=8ea1381af1f64f4e29a5bfcd4082f5df4e394283 + +No retail trader is buying 1m+ in deep OTM puts, this is an attempt by hedgies to push the price down. + +We can also see this from the massive shift in options volume. $190B of calls open interest and over $250B of puts open interest, a massive put skew. This is especially significant because "To put it in context it is equal to the combined $AAPL and $AMZN bullish skew or if you’d rather to the combined $BABA, $FB, $MSFT, $GOOG and $WMT combined." reflecting extremely bearish sentiment in an very very bullish market. + +Once the reversal begins there will be nothing stopping it as OTM puts get less and less OTM. There are no shorts left to be squeezed and the bag holding passive funds which are largely barred from holding derivatives will have no way of rebalancing the options skew. + +^(1) + +https://preview.redd.it/di251wy737h61.png?width=2048&format=png&auto=webp&s=5e109ae3fd20a102fd857b6c718b80cd3cd6ef8a + +^(2) For those who don't fully understand how a reverse gamma squeeze works I would recommend reading the Dynamic Hedging section of SqueezeMetrics' GEX white paper [https://squeezemetrics.com/download/white\_paper.pdf](https://squeezemetrics.com/download/white_paper.pdf) + +Most of the info in this post is taken from this [twitter thread](https://twitter.com/alexharfouche1/status/1359902501756166146?s=20) alongside a now deleted tweet from Michael Burry. + +**tl:dr for non-readers. stock go down. go a couple months out, deep OTM puts. not investment advice** + +edit: position + +[ ](https://preview.redd.it/ieh1dqwal7h61.png?width=394&format=png&auto=webp&s=4262b00e0bdbb04824ce37b8722b6dff5cc79929) +I should preface this by saying I fucked up and trusted someone I shouldn't have. Dude accessed my phone and used my venmo to pay himself money. I realized this the next morning as I was reviewing my email, and so I cancelled the transfer from my bank to Venmo because he overdrew from there (I didn't have the amount he was looking for in my balance). + +I got an email two days later saying that they are going to honor it. Many appeals, a police report, and a lot of frustration later, I am on the hook for the money still. + +Just wanted people to be aware that the app might be great for friends, but don't use it with anybody you don't trust or know very well, and ALWAYS keep it password protected. +I'm an engineer with a great company, gross salary is about $84k. I bring home about $4,600 a month. My husband works for a small local company, blue collar, no degree, typically brings home about $1,600 a month at a pay rate of $13 an hour. **side note: he just got a new job and will start in 2 weeks. This will increase his hourly pay to $18 an hour. I estimate this will increase his monthly bring home to be about $2,000 a month. + + +We have 3 kids. We live a modest life, dont drive fancy cars or have new clothes. Heck, I havent bought myself new clothes in the past 3 years because we simply cant afford it. Our kids wear hand me downs. We havent been on a vacation in 4 years. We have one car payment, $350/mo. We have a few student loans that total to be about $600/mo. We are renting a house at $1,250. I spend about $1,000 a month on groceries (for a family of 5 that's not too bad). + + +I'm struggling because we are constantly living check to check. We dont have a pot to piss in. We have nothing in savings and we are constantly broke. I maintain a budget, I monitor our accounts, I know what we have coming in and going out. But obviously we are doing something wrong... I just cant understand what we are doing wrong or why we struggle so much when we bring in decent money and we dont spend excessively. It's so frustrating and I'm at my wits end. +I wish there was someone or some service out there that would be willing to sit down with us and go over my budget spreadsheet with us and help us to identify our problem and help us come up with a plan to change our financial situation. +**see comments for detailed breakdown of monthly expenses** +I've been following the FIRE mindset fairly conservatively, building my portfolio largely with index funds and, indeed, that has served me very well. In the past few years, I've also branched out into real estate syndicates, but even then I only pull the trigger on the deals that seem like pretty safe bets. As a result, I haven't lost any money on any of them (not even during this pandemic) but I also don't see the huge returns. After all, risk and return tend to be pretty closely tied. + +Lately, though, I've been wondering if I should have a portion of my portfolio dedicated to very high risk investments that have the possibility of mega returns. These might be "win big or lose everything" style deals. The deal that really triggered this thought process was one where I _could_ make a staggering return but could just as easily wipe out my principal. I would normally not even give such a "lottery style" investment a second glance... but should I? + +These Wall Street Bets fights with the hedge funds is another example. The idea of investing in a meme stock would normally be ludicrous to me, but I'm no longer so certain it should be. + +For the record, I have already surpassed my original FIRE target of $1.5M (just passed $2.1M last month) if that matters. + +What about you? Do you have a portion of your portfolio allocated to hail mary bets? If so, what's your rationale behind how much? +It would be pretty awesome to be able to check the price without opening a new tab and googling the price every time. Sure you could download widgets and whatnot but I think it would be much more convenient to just check the price right off the sidebar (if implementing that is possible at all). +So, i have about $6000 in my savings. And i have about $1500 in credit card debt. Should i keep trying to pay it off? I’ve been finding it hard to save while paying it off. Or should I just zero it out and rebuild my savings? +Pretty sad topic but my grandmother(72) is moving from her home because she is old and can not take care of her home anymore. she is selling it for 75 grand but to a person that she knows( she could sell it for 108 according to Zillow and realtor.com) anyway In the end she wants to pay off her credit card debt(20k) and her truck (25k) and live in an apartment for elderly people near my house(600/mo.). She gets about 1300 a month and after paying everything she will have about 20-25k left I expect her to live around another 15 years at most. Will she be able to live off of the 1300 a month and 20-25k left in today’s economy? +Hi, I’ve done pretty well investing in the market. My partner has TONS of student loan debt. I was wondering if there are tax advantaged ways I can sell my positions to help pay her loans? + +I’m hesitant to sell a large position to just pay capital gains. I was looking into maybe setting up a 529 for her, but I’d still pay cap gains going in and it’s capped at $10k for loan repayments. + +Any other advice? + +Some background +~$9k in the bank +~$15.5k in retirement +~$3k in an IRA (mostly dividends but trying to expand to other sectors) + +I’m going to be starting a small business and I won’t initially need any capital. Im going to rent out the camper van I built last year. My eventual goal is to have 3 rentals and do builds for others looking to avoid the housing market hahahaha. + +My question is, with ~$2,350/mo in exspenses, is $10k too much or too little for an emergency fund? It feels like a good round number and is 4mo of “Oh Shit” money. + +Any suggestions for allocations of funds would be great! Have a great day👍🏻 +I had to take a private student loan 4 years ago for $11k at an ungodly 11% interest, payments started about 5 months ago and I got it down to 4.5k and I can comfortably just pay the entire thing off. However as I’m young it is my oldest credit balance and my score is very good right now. If I decided to just pay it all off would that affect my score in a reasonable manner? It would probably bring my average credit age to only 2-3 years once it’s gone. +I am a (low 20s) y/o female living in a suburb of Kansas City. I work at a hospital as a tech so I make more than minimum wage but not a ton. Currently I am living with my boyfriend (low 30s) but he has told me that at times he thinks we spend too much time together, and moved in too soon into our relationship. The reason I moved in with him is because he encouraged me to move cities and I had to find a new job so I just moved in with him. We were getting along well and got a puppy that is now about a year and a half old but he has made it clear that the dog will stay with him. Our lease on a place we got together has just ended and he asked me to sign a document so that I would be off of it. He told me that he is willing to work on things and allow me to stay. I feel hurt that he took me off of the lease, but we don't have the perfect relationship so I feel like it has been part of the reason that we have made it through some patches. I have been paying a little under half of rent (I pay 450 out of 1300) but he makes considerably more than me and we pay our own bills aside from the shared living costs. + +Recently I decided to get online to look for a new place after he has suggested that I get a room somewhere to give some space. But now that I am looking and interviewing with people he is saying that he doesn't know if I should go or stay. I don't know what to do. + +Options: +I am a CNA there is an older couple with a 900 sq ft apartment in their basement for $600. If I take over his wife's care for 8 hours a week he will give me free rent. I don't know if this would be stressful or if it is a godsend. + +I found a place where a 20 something male professional is offering a room and bathroom for 400 a month. All newly renovated and 5 minutes closer to my job. He is studying for his masters and seems like a quiet guy. He does have a girlfriend so she might be over quite a bit. + +Another detail, I am about to buy a car for the first time on a loan and I am trying to determine what is the best option with that new cost coming into play. I don't anticipate paying any more than 260 a month on that including insurance. + +Edit:added my payment in rent +Hi guys, not much of a UKPF specific question but I love getting feedback from this sub. I’m 21 years old, just graduated with a First in Business Management and I’m earning £17,300 a year in a job that is really getting me down. + +I feel like I should be earning so much more than this and I’m getting pretty beat up about it. I know it’s better to compare against my previous self rather than other people, but I was just wondering what sort of age everyone landed their first job that they’d consider ‘well paying’? +As someone who's in deep mourning for missing out on my chance of buying in when ether was still around $3 I want to not have it repeated. +I was an employed student with 1.5k in savings and I was literally a few clicks away from buying 330 ether at $3, after mining around 20 ether prior to said point with my amd 280x gaming PC. Then life got in the way, shit hit the fan, I got depressed and my life has been in limbo for the past year. + +I have been completely out of the loop with crypto for the last 400 days, until 2 weeks ago when I randomly found that my long forgotten, not backed up, ether wallet which somehow survived 2 formats was worth 5k and increasing. I do not want to miss out on anything regarding ether anymore. + +Can the good people of /r/ethtrader bring me up to speed with the latest developments and opportunities that ether and crypto currency has to offer nowadays and what is worth keeping a close eye on and investing in? + +Thanks. +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! + +[https://eosbet.io/](https://eosbet.io/) + +Users can now deposit ETH and play on our site. BET token holders will receive dividends for life, in Ethereum now! For every 1 ETH you wager, users will receive 2 BET tokens. + +&#x200B; + +Free eth/bet for all new sign-ups. + +&#x200B; + +Lets get it! +Question is in the headline. Trying to wrap my head around the scale of how using these applications in their respective token relates back to ether on the network, if that's the right word. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +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! +EOS "block producers" decide via a conference call to freeze 7 accounts :) + +https://steemit.com/eosio/@eos42/eos42-statement-on-block-producer-decision-to-freeze-7-eos-accounts +Please point me in the right direction if this is the wrong sub + +I recently moved into a studio apartment. During the inspection the previous tenant hadn't vacated yet so many surfaces weren't visible - they appeared to be borderline hoarders + +Since i moved in I quickly noticed how bad of a German cockroach infestation there is. Dead ones all over the floor then the unit teeming with unwanted life at night, my first and only night there so far I woke up with a roach on my chest. Far from a clean and healthy environment. After one night I'm now sleeping back at my family's house. + +The REA has already organised two rounds of pest spray and the owner will clean the cupboards out. But two rounds of sprays will take a couple weeks, in the meantime I'm paying rent for a place I can't live in. + +I emailed the REA to say it's unsatisfactory and I want to pause rental payments, they called me back to say I should keep paying rent or else it will look like on my record that I missed payments. They said they will see if they can sort out a future credit for these current payments.. + +I think they're just going to delay action until the place is treated then hope I just forget about 2 weeks of rent. + +Any suggestions for what I do here? Take it to the (NSW) tribunal? +Australian employers slashed workers last month as government restrictions to stem the spread of the coronavirus forced the shut down of many industries across the economy. Unemployment held up as labor force participation tumbled. + +Employment plunged by 594,300 in April, compared with an estimated 575,000 drop, data from the statistics bureau showed in Sydney Thursday. The jobless rate rose to 6.2%, well below economists’ median estimate of 8.2% as participation plunged to 63.5% from 66% in March. + +Unemployment rate spikes from virus shutdowns +The underemployment rate rose to a record high 13.7%, up 4.9 percentage points, the Australian Bureau of Statistics said. The Australian dollar held declines on the day and was trading at 64.32 U.S. cents at 11:43 a.m. in Sydney. + + +The result comes as companies ranging from Australia’s two major airlines to casinos to department stores furloughed or stood down tens of thousands of workers as demand collapsed and, in many cases, doors forced shut. + + + +The Reserve Bank of Australia predicts the economy will contract 10% from peak-to-trough this year and expects unemployment to surge to around 10% by June. Governor Philip Lowe says hours worked will be a key metric to gauge the hit, as the government’s JobKeeper initiative that keeps workers attached to employers during the shutdown, and an expected fall in participation, limit some of the increase in the official unemployment rate. + +The government and central bank responded with a massive fiscal-monetary injection worth 16.4% of gross domestic product to support the economy. + +Qantas Airways Ltd. in March furloughed most of its 30,000-strong workforce and rival Virgin Australia Holdings Ltd. stood down 80% of its workforce. Star Entertainment Group Ltd. furloughed 90% of its 9,000 employees after the government ordered the closure of casinos and Myer Holdings Ltd. temporarily shut all stores. + +Retailer Premier Investments Ltd. closed all of its stores for about a month, standing down almost all 9,000 employees, while Flight Centre Travel Group Ltd. said it was furloughing 3,800 people. Tabcorp Holdings Ltd. stood down 700 workers. + +The initial closure of swathes of the economy had a dramatic impact on consumer and business confidence, with both plummeting in response. Sentiment regained some ground in the subsequent month, reports showed this week. + +Authorities success in flattening the infection curve has improved sentiment and allowed restrictions to partially be eased. The government aims to reopen many parts of the crippled economy by July and get 850,000 people back in jobs. + +https://www.bloomberg.com/news/articles/2020-05-14/australia-employment-slumps-by-record-594-300-unemployment-6-2?sref=s0L1qQ1H +I was a Dollarmite kid, which should have been enough to dissuade me in the first place, but institutionalization is a hard thing to fight! + +Commonwealth have slowly grinded me down and following these last few outages I'm left with very little confidence in them. + +I don't have any outstanding loans or payments made to them so I think it's as good of a time as ever to jump ship. My biggest issue is finding another trading platform for ASX shares. Are there any easy services for transferring shares from one account to another? +https://www.forbes.com/sites/petercohan/2018/03/16/4-reasons-to-sell-tesla-stock/?sh=75e005c03224 + + + We’ve all seen the articles telling us GameStop is a loss and to sell while you still can. I’ve linked an article above (4 years old) saying the same thing about Tesla. + +I think this is a good thing to show newer apes who might not be quite as zen as us older ones. Just to show them that this isn’t anything new. +Listen here apes, I'm not a smart man (very retarded), but I ain't fucking stupid. All the talk about banning shit around here is absurd. We didn't get this far by closing off our sources of information. + +Every single one of us around this sub have learned so much, especially how to call bullshit on the media. We all know the media will attack one another just to posture or attempt to put themselves on a pedestal. Banning and censoring any "news" is fucking bonkers. Do you know what that leads to? Do you?! + +[Let's follow in the footsteps of some true savages](https://www.youtube.com/watch?v=kl4wkIPiTcY&ab_channel=RATMVEVO) +[https://www-heraldo-es.translate.goog/noticias/economia/2022/07/08/cuanto-dinero-sacar-cajero-automatico-1586373.html?\_x\_tr\_sl=auto&\_x\_tr\_tl=en&\_x\_tr\_hl=en-US&\_x\_tr\_pto=wapp](https://www-heraldo-es.translate.goog/noticias/economia/2022/07/08/cuanto-dinero-sacar-cajero-automatico-1586373.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp) + +I am surprised that the War on Cash has progressed so much. Sounds a bit similar to Greece and Cyprus, although Greek limits were (are?) lower. I wonder if there is some fear of bank run - of course the official justification is about preventing money laundering. +I asked this question months ago and no one had a good response, so I figured I will try again. + +Lets assume a couple things: + +Kenny & friends need to buy back like 1 billion shares of GME when they get margin called. + +We are at the price point where everyone is being Margin Called, not just the smaller hedge funds (Lets say $2,000 per share). + +I do not see how there can possibly be any dips if every hedgefund is trying to buy back shares. especially if you factor in synthetic shares. + +Someone made a post a while back about when synthetic shares are purchased they basically just disappear off the market and don't count towards selling pressure. + +Assuming for every 10 shares of GME 9 are synthetic and 1 is real then buying pressure vs selling pressure would be insane. + +My theory is once Margin is called for all the big players you will not see any red candles. #Just Up + +If someone wrinkly brained could give their opinion about this I would appreciate it. + +Also you can't sell on the way down if there is no down haha + +Buy & hodl <3 + +&#x200B; + +EDIT: I Think some of you are misinterpreting my question or maybe I did not say it how I wanted to. Once the big hedge funds are being liquidated and the computer is grabbing whatever shares are available how can there be dips. I know they can fk with the price as much as they want to before that point, but when that happens isnt it game over? +So in a casual conversation, I mentioned to some of my colleagues that I plan on paying off my house early. To which someone said, "You don't want to do that." + +I explained that we plan on putting down 12k towards the house at the end of every year and after doing so, our mortgage will be paid off by the time I'm 57. (Currently 43.) His advice was to not dump all of that into the house but reinvest it. + +His school of thought is investments and later retirement. Mine is debt free and part time work instead of full time, or if possible, early retirement before 60. + +Feedback would be appreciated. Thank you all for the time! + +Edit: Holy Inbox! Thank you all again for your replies. Many of you have stated that more info would be helpful. Here’s some. + +1. Current income 100k year gross +2. House is only debt. +3. House purchased 6 years ago at $555k, currently $725k +4. Financed 471k with down payment. +5. 30yr fixed at 3.875% +6. Roth IRA $6000 annually (currently at $26k) +7. Will receive pension upon retirement. +8. Would love to retire at 60. (17 yrs from now) +9. We do not see ourselves leaving this house anytime soon. +As above. + +My boyfriend and I will be moving in together and he will be living paycheck to paycheck, whereas I can still save £500 after rent/bills/food/fun. + +I have suggested I pay a higher proportion as I earn more, but he wants to go 50/50. I have also agreed to pay for the majority of the food bill as he is a simple person who eats chips almost exclusively and I prefer healthy meals and trying new recipes etc (and therefore will be eating more of the food). + +He is self-employed and can pick up extra work if needed to cover emergencies etc. + +Just trying to navigate how you make it work with such a different dynamic... so if anyone is in a similar situation, I'd love to hear how you handle the difference. + +Edit: since everyone is more concerned about diet rather than finances, I just wanted to mention that a) I over exaggerated and he eats more than chips but chips/potatoes are just the main staple and b) he has IBS so he is careful to eat what doesn't irritate him and that happens to be potato. Hope everyone feels better now. +My and my partner have been living a barely scraping by existence for the last 5 years. We have dreams of buying a house. She thinks it's unlikely we would be able to anytime soon. I know the truth. + +She spends so much money on stupid shit. She had a microtransaction problem. She smokes weed like Snoop. She decorations for every single holiday. There is a constant stream of items coming amazon. + +She talks about wanting to budget but never goes through with it. How do you force the issue without alienating them? +I was one of the lucky 10,000 people trial the 26-30 Railcard and just received this email. Good news for those who missed out! + + +>Firstly, thanks for helping us trial the National Rail 26-30 Railcard and for those who have filled out our surveys. We’re so happy to confirm that the National Rail 26-30 Railcard is here to stay! +> +> +>We promised that as soon as we knew anything, you would too. So here we are! We can confirm, as of yesterday evening, (hence super early email!) it was decided the National Rail 26-30 Railcard will be rolled out nationwide before the end of the year. +> +> +>However, we still have to share the good news with staff and update our back-end systems which takes time, so we can’t give you an exact date yet. But when we know, you will too. + +Edit: Offical Tweet - https://twitter.com/_Railcards/status/1055595591768702977?s=20 + +Edit #2: Website updated with more information: https://www.26-30railcard.co.uk/using-your-railcard/the-benefits/ +I thank you for not diverting your hash rate to BCH and doing an overwhelming attack on the BCH network that would cost BCH investors unaware of this real risk a small fortune. + +It would clearly be trivial to rob anyone who was daft enough to put money into the BCH network these days now that sort of power has been wielded. + +For instance someone controlling that sort of hashing power (6+Exahashes) could easily pull off a 51% attack on the insecure BCH network with a mere 4 Exahashes protecting it. + +A simple deposit of say 1000 BCH (Today's value of around $600k) to an exchange, wait for 2-3 blocks of deposit time, exchange to BTC, withdraw the BTC (Around 85BTC at writing), now fork the BCH chain to reissue the last 5-6 BCH blocks (perhaps taking 1-2 hours) merely omitting your original BCH transaction and ta-dah you have that 1000BCH back to double spend on another exchange and gained $600k of real value. If people were still in la-la land believing BCH was secure and continued using it you could simply repeat-rinse until they got the message. + +Yes that exchange would bar you from depositing BCH again but nothing stopping others opening accounts and doing the same since the BCH network is simply pwned at this stage. (I have no idea how a decentralised exchange could even offer any protection out there for BCH holders at the moment other than merely dropping the coin). + +The fact that you haven't done this and making meagre profits mining (6ExaHash/54Exahash = 11% of the block rewards = $11% of $12m per day = $1m per day) even though you could generate probably $1m+ in an hour of attacking BCH shows you believe in BTC and have ethics. + +I'm not confident other miners would be so selfless so perhaps this is more a PSA that if you own any BCH this is a very real risk to be aware of as the attack would happen quickly. + +&#x200B; +#bofa deez nuts + +--- + +# LMAO GOTTEM + +If you're wondering why this thread has such a better vibe than the other BofA reveal thread, it's because this was the thread made when only long standing WSB users could post (Approved users) +https://www.cnbc.com/2021/11/24/cathie-wood-says-firm-is-testing-a-more-aggressive-strategy-that-would-be-ark-on-steroids.html + +Ark Invest’s Cathie Wood said her firm is internally testing a fund that bets against major stocks in the benchmarks. + +Wood said she wants to test the strategy on Ark’s employees and did not say when the fund would be made available to retail investors. + +Wood acknowledged it could be quite volatile but said that over the next five years it will be a huge winner as her innovation companies emerge and older bellwethers fade away. + +Looks like Cathie Wood had found another way to attract investors money. People buying on these ark funds need to understand that the stocks inside are very random. Investors might easily lose money since many of them do not even realize what are they buying and investing. + +Thanks for the rewards. +**TL;DR:** + +* **Sovereign credit default swaps exist. They can be used to insure government debt for a country in case that country is unable to pay its debt, for example. However, just like other instruments, naked sovereign credit default swaps also exist.** +* **Naked sovereign credit default swaps are used to bet that a country or a country's debt will fail without you owning that country's debt. In part, they were destabilising during the Euro-crisis immediately after the 2008 financial crash. One study found that global factors like global financial destabilization or high VIX values can affect the value of these sovereign swaps (betting that these countries or their debt will fail) the most. Changes to what can trigger a payout on these swaps were made in part by amending ISDA's 2009 Big Bang Protocol.** +* **Sometimes you can short corporate bonds to get at government bonds and vice versa. This effect is more pronounced in countries that put all their eggs in one basket, be it a few companies, stocks, or commodities (oil, uranium). Corporate bond fuckery on a small scale includes making side deals with companies for them to default on interest payments on purpose, or leave insurance policies in the dust by insuring debt under different names (Matalan ABC vs. Matalan DEF).** +* **In 2012, the EU put a ban on naked sovereign credit default swaps. However, workarounds include the fact that a country can effectively change its mind on it within 24 hours and all the regulatory agency can do is offer an opinion.** + +&#x200B; + +https://preview.redd.it/hp3d8hqeuhk81.png?width=990&format=png&auto=webp&s=df501071633bc917c69c35103bb2db9f94afde69 + +*EDIT 1: Adding TL;DR/pictures/edits as I go. Don't want this to publish too close to German market open!* + +Cover photo: [http://archive.boston.com/bigpicture/2008/12/2008\_greek\_riots.html](http://archive.boston.com/bigpicture/2008/12/2008_greek_riots.html) + +**SECTIONS** + +1. **The Story of Pineappleland** +2. **Death Spiral** +3. **SCDS** +4. **Yes, It Happens Here Too** +5. **Non-linear Destabilisation** +6. **Detour: Corporate Bond Incentives** +7. **All or Nothing** +8. **The Big Bang Protocol** +9. **Solution or Bandaid?** +10. **Looser than the Folds on Steve Cohen's Neck** +11. **Workaround Reacharound** + +&#x200B; + +# 1. The Story of Pineappleland + +Let’s say that I run a government for a country called Pineappleland. + +&#x200B; + +[welcomeeeeeeeeeee apes!](https://preview.redd.it/7aml1a5xvhk81.png?width=309&format=png&auto=webp&s=90307926b3826d68f025aebbd0d667a06ba13e7f) + +My government says to 1 person (let’s call them Chuck) “Hey fam, can I borrow 1000 bucks? I needs the money. New country and all, you know how that shit is…” + +&#x200B; + +And perhaps Chuck decides "fuck it!" and piles into my deal to gimme some money. I **end up selling Chuck a bond over text last Tuesday, right after I’m done cleaning up from giving someone a blowie behind a Chili’s while wearing a full-body giraffe costume.** + +&#x200B; + +\*\*\*\* + +&#x200B; + +**I asked Chuck for $1000. This loan that he gave me has this value. That amount is an IOU that I owe Chuck. We can call this money which I will need to pay back (with a bit of interest, of course) our "bond", specifically for "sovereign debt" since I run a nation after all**. For our sake, let’s call this bond a "Pineapple1" bond. + +&#x200B; + +Chuck is a bit of a talker. Perhaps more hear about my incandescent utopia and want to buy into my new country. Dreams of houses that look like Spongebob’s and free-flowing pina coladas fill their minds. **Maybe they all truly believe in my Pineappleland and all it represents (or are hoping for more costumed blowies).** + +&#x200B; + +[I'm just an ape with a dream, a country, and a hard-on for pineapple shaped villas](https://preview.redd.it/1if1tuc0whk81.png?width=2500&format=png&auto=webp&s=8f7ccfbe70bdabc939b9955b4d6d6bac884cf603) + +Let’s say 9 more investors chime in and join Chuck so now I have 10 investors total. They trust in my country and that it will keep being awesome, believing full well they'll get their money's worth. **This is the “fundamentals” that these investors believe in with respect to my "sovereign bonds". This is what gives them hope that it will pay out while they keep trusting in my tropical fruit-filled vision continually spitting out interest payments at them.** + +**This happens all the while as my government uses this money to support itself and set up our new country.** + +&#x200B; + +But let’s assume for a quick moment–for this scenario–that they start to lose faith in my government for legitimate reasons because I purposefully fuck shit up maliciously. Maybe I built a highway that looks like a loop-de-loop passing over the volcano in our national park, or I spent a shit ton on lumber with jacked-up inflation-heavy prices to swap out every standing stripper pole with wood ones around the country. Splinters and all included. + +&#x200B; + +[Before our great economic restructuring. The horror](https://preview.redd.it/srby27m1yhk81.png?width=1000&format=png&auto=webp&s=df5a5eccb487e6d5a2dcef6d58deb74eb88735ba) + +So what happens when the government that sold you that bond IOU looks dodgy? If one of my investors just said “WTF MATE”, they might want to pull out faster than my small wee wee from my pull-out couch as I jizz between the cushions. **They might just sell that bond that they have.** + +When an investor becomes a bit wary of a government and their debt (like the debt I now have from asking for a polite version of loan shark money from my 10 investors), they might sell their Pineapple1 bonds. u/OldmanRepo had an awesome explanation of what might happen here; + + +>"...the next time youwant to issue debt it will be at a penalty. +> +>When that person sold your pineapple1 bond, you don’t have less money, you still have his 1k. He may have sold it for $900 or $500 but you still have the cash. Where it bites you in the ass is that when you want to roll this debt (which larger countries do monthly or even weekly), you will have to charge (yourself) even higher interest rates to get others to buy your bonds." + +\*\*\*\*\* + +Hearing that my money spout is drying up, I stand up on my pineapple-shaped stage and approach the microphone at our nation’s State of the Union. + +&#x200B; + +>“Heyyyy citizens of Pineappleland…so crazy story! Turns out I’m running out of money that my friends told me I could borrow to keep running this place. Here, I ask each of you proud citizens, from each of you…I need about tree fiddy…” + +&#x200B; + +My citizens don’t like that. Colorful paraphernalia gets thrown, wooden stripper poles get dismantled, and all copies of “Pineapple Express” DVDs are summarily burned (and not in the old school I-need-a-copy way). + +&#x200B; + +[this film has won a Pineappleland Oscar in our country for 190211355 years running. \(We used our science and math funding on Oscar funding\)](https://preview.redd.it/angjmmb3whk81.png?width=508&format=png&auto=webp&s=b41dcb2c93520ae4bd7629c7bb3174aa4fc86153) + +Through the grapevine, someone in the stock market hears this and tells their friend: I think Pineappleland is gonna default. **I think they’re gonna go tits up…** + +&#x200B; + +# 2. Death Spiral + +**In certain cases like the one above, you can be an investor that might run up against a problem with me running Pineappleland straight into the ground**. Especially if it’s maliciously done. + +If everyone thinks I’m a shitty President-slash-Prime Minister-slash-ball fondler, then the market starts to expect that I might default and not pay what I owe everyone. **And that means that there’s less faith to go around in my system. My bonds start being worth less and less. Less people may want to invest or money, etc.** + +&#x200B; + +&#x200B; + +**Now one thing that I can do perhaps to save face (but really, save my own ass and save money) is purchase an insurance policy. For those of you that have shopped at GameStop stores for at least some time, you know that you might be asked whether you can buy such a policy on a game/disc in case it gets scuffed, damaged etc.** + +&#x200B; + +[Before Ryan Cohen came on, this used to be a common gripe about the old company](https://preview.redd.it/b7xvhxqfwhk81.png?width=1478&format=png&auto=webp&s=aebecf632810dea57ff0082f7cb2cdc5e44aabbc) + +**Think of that game disc that you just bought as a Pineapple1 bond.** + +**And think of the insurance policy that the employee just gave you as a sovereign credit default swap.** + +&#x200B; + +# 3. SCDS + +**If you’re like me, when you first learned about the fact that sovereign credit default swaps actually exist, you just about yelled "WHAT IN THE EVER-LOVING FUCK" several times over.** + +So let’s do a quick ELI5: What is a sovereign credit default swap? + +&#x200B; + +**Long story short: sovereign credit default swaps are insurance policies that if a country defaults (usually on its debt)then you get paid! Like many other shit that we’ve seen in the GME saga, they are a form of financial derivative (a bet that something goes up, a bet that something goes down) on an underlying (the thing you’re betting on).** + +&#x200B; + +**And just like most credit default swaps, it’s a form of insurance. For “credit default swaps”, the hinge word is default. When you hear “credit default swap”, you should think of default being the biggest part of it.** + +&#x200B; + +The most famous case of credit default swaps that many of us are most familiar with is, of course, the credit default swaps that were featured in "The Big Short" and used by Michael Burry, Brownhole Capital, and Mark Baum/Steve Eisman. + +&#x200B; + +[\\"So he's going to short the country of Pineapppleland. Got it? Now fuck off.\\"](https://preview.redd.it/sj3xqdwuwhk81.png?width=958&format=png&auto=webp&s=416a7362834be69f5320f5b8e17bdf3e19d59546) + +Oftentimes, these credit default swaps are pegged (and not in the bedpost way that Ken Griffin likes) to just one thing. On the other hand, we had someone like Michael Burry bet against these bundles made up of tons and tons of mortgages all failing in tranches. These are not just "one thing". **On the contrary, sovereign credit default swaps that might insure sovereign debt (like my “Pineapple1” bonds) often materialize in a a word jumble known by hedge fucks and big bank mayofans as one common phrase: SN-CDS, or "single name credit default swap".** + +**This means that the swap is talking about debt from just ONE person, place, or thing, be that a company (GME, sticky floor), municipality (Detroit, Puerto Rico), or sovereign (country). This “single name” (SN) is called the “reference entity”. In my case, the Pineapple1 bonds might have “Pineappleland” or “Pineappleland debt” as the reference entity.** + +&#x200B; + +\*\*\*\* + +&#x200B; + +So...with these sovereign credit default swaps–often abbreviated to SCDS–if a country like Pineappleland might fail\*\*, then an investor who owns my country’s debt might pile in to a sovereign credit default swap to insure that they have insurance and can recoup some losses. Hell, even I, president of Pineappleland, might load up on some myself if I knew my country is about to go tits up on all the money I owe.\*\* + +But remember, this is me being malicious as shit and building wood stripper poles like its the end of days. I might have some skin in the game to do so. + +&#x200B; + +[as president of Pineappleland, I've oft engaged in the buttcheek hold down our nation's treasured export](https://preview.redd.it/receau32xhk81.png?width=534&format=png&auto=webp&s=8a75ada5be471bb1ece0e7e522eccec7974dad99) + +But not everyone has to. + +# 4. Yes, It Happens Here Too + +**The second time that I yelled out "what the ever loving fuck" apart from learning that sovereign credit default swaps exist is that they can also trade without owning the underlying.** + +This is perhaps something to show how slow and smooth I am. One thing that never clicked in my research until was this: when Michael Burry or Mark Baum (Steve Eisman) bought swaps betting that the housing market would collapse in 2008, there were some things that I missed. + +&#x200B; + +&#x200B; + +Michael Burry didn’t run a mortgage company. + +Mark Baum didn’t have pallets of housing loans that they wanted to insure. + +&#x200B; + +&#x200B; + +**They were buying protection or insurance on things that they did not own. They were betting–in effect--NAKED. Without owning the underlying.** + +&#x200B; + +https://preview.redd.it/tjh4tkiexhk81.png?width=1024&format=png&auto=webp&s=1b2ff79a0bd53c7afdac7118dcf3a73407e3d004 +