diff --git "a/reddit_finance_43_250k_437.txt" "b/reddit_finance_43_250k_437.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_437.txt" @@ -0,0 +1,10000 @@ + + +Is there anything I'm not accounting for? Please let me know, I want to make sure I'm ready to my best abilities. +Need some help Folks. My son and his girlfriend are getting an apartment in Ft Collins. She’s a full time student and he works full time. The apartment complex wants a co-signer to show more income vs debt on their lease. Does anyone know if this would adversely affect my credit if I co-sign for them? Appreciate any feedback. Thank you. +Hey everyone! +Graduating medical school in a few weeks and given I have literally ZERO financial literacy, I wanted to ask for financial planning advice-any input would be greatly appreciated. + +The details: +-My debt will be $56,564.95. I have $35,330.20 at 6.21% interest and $21,234.75 at 5.84% interest (both of which are unsubsidized). +-About to start a residency in a surgical specialty. Salary first year will be $54,755 and increases about $2,000/year each year. My training might be as long as 10 years, but assuming I finish I have the potential of making >$300,000. +-Apartment will be $700/month this year +-For tax details, I'll be filing alone in the state of Virginia + +Questions: +Need help making a budget. I'm going to be in a city with relatively low cost of living. +1. I want to save as much as possible, thinking about getting food form costco and cooking most of the time. How much do you think is a reasonable attribution to food. +2. Should I focus on paying my loans ASAP or should I invest some of the money? +3. If so, what should I invest in (stocks, bonds, etc...) +4. I'm turning 30 in the fall and will possibly spend my 30's training as a surgeon with tough hours. I have no kids and thought this was the best opportunity to tour the world. Would you consider it irresponsible to spend ~$6,000 on vacations each year? + +I REALLY need your advice, I literally know NOTHING about this! + +Thanks in advance! +A friend of mine has come to me asking what to do with his recent payout of 200k. The reason he came to me is because he wants to put his money into stocks and knows I have a trading account. (It's only small though). +I don't feel particularly comfortable with choosing stocks for him for the obvious reasons, so I've come here for some advice. +Should I take him to a financial advisor or financial planner (I assume those are different things), or would it be better to just open him an account with a trading platform and use a portion of his 200k to purchase a healthy ETF that pays dividends and use another portion for a fixed term deposit? +I've never been to see a financial planner or advisor and don't know what it entails here in Australia. +Any advice would be much appreciated. + +Not looking for any direct investment ideas, thanks. +Hi all, + +Looking for some advice. I have around 34k in student loans @ 5.5%. I already pay around 330 a month on them and my work chips in 100. I am going to get a pretty decent tax return (around 4K) and I was wondering if I should pay those loans down or use it to jumpstart my tradition IRA for 2019. I’m kinda worried about the market tanking soon so that’s why I am on the fence about this. Anyone have any thoughts on this? +I have a 2015 Mustang with a kbb range of $17.9k - 19.7k (private sale) and I owe around $22k. I made the mistake of buying a replacement car too early, in hopes that'd I'd sell quick and to avoid my wife not having a vehicle to drive. + +So now the Mustang has been on the market for 2 months and I am paying for 3 cars, including insurance, and I am beginning to worry about it actually selling. We live in an area where snow isn't uncommon during the winter months and Mustangs are somewhat seasonal cars. + +My question is: + +Do I keep paying for insurance and a car payment on the Mustang (nearly $600 a month) and wait for someone to hopefully purcahse it around 18k? ($4000 loss) + +Or + +Do I sell it to a dealership for cash at around 15.5k today? This would save me about $400 a month in payments after accounting for the loan I'll be paying on to make up the difference. +Does anyone do this ? + +I understand capital gains tax’ are practiced when closing on a position for a profit in the stock market. + +I’m guessing using an IRA or a Roth account helps avoid the tax on those profits while allowing you take those proceeds and continue investing in different positions (?) - am I getting that right? + +I’m somewhat new to retail investing and have no IRA/Roth acct. currently. + +I’ve seen the hundred of posts telling everyone to setup an IRA or a Roth.. please avoid that as best possible and try to provide the missing context of why this is better or possibly worse ? +I am putting 5% which company matches 4% in the Roth 401k. But I want to save more than that. Am I better to put (up to 6k) in Roth IRA or just up the contribution percent. I am only 20, and in low tax bracket if that helps at all. +I'm going on my second interview for a job that requires me to travel 90% of the time, this is for a reliable industry with very low turnover, if I get the job, would it be a good idea to move out of the place I'm renting, put my stuff in storage, invest the money I'd use for rent, and just ride it out with the per diem and whatever money I have budgeted to live while traveling? I'm 23, not married and have no kids. When I come back to my home area I have places I can stay without spending money. What are your thoughts? +Hello, i’m 16 currently in high school, I have a job and just some money I’ve saved over the years. In my account I have $4,000 but my mom, since she has to be part of my account, is taking money from me without even asking. She says she was buying food for herself or didn’t want to pay an uber for herself. I’ve lost almost $300 from her. Is there anything I can do? Can I setup a different account just by myself? +Hello, i’m 16 currently in high school, I have a job and just some money I’ve saved over the years. In my account I have $4,000 but my mom, since she has to be part of my account, is taking money from me without even asking. She says she was buying food for herself or didn’t want to pay an uber for herself. I’ve lost almost $300 from her. Is there anything I can do? Can I setup a different account just by myself? +I see people post their financial situations here. They are usually in two categories. First, doing enviously amazing but they are nervous and need advice. Second, a dire situation that definitely needs help. + +I think I'm middle of the road, but I'd like your feedback. Not looking for pity, I've made most financial mistakes twice, once single in my 20s and married in my 30s. I think I've worked out *most* of my issues that kept me broke and it's time to play catch up. + +Female, 47, USA, single and no kids. I think job is secure + +$52000 annual gross income + +Debt +$39995 student loan at 5%. +$35620 mortgage at 5.25% ( I work from home and intentionally moved to a low cost of living area). +$5500 401k Loan (i know) at 4.25%, two years left it, but trying to pay it off within a year +No cc debt and old car paid off- possibly not replacing when it goes + +Assets +52999 in 401k. I contribute 21% right now. Company 6% match. Investing in low fee index funds. About 350 paycheck. Goal is to pay off 401k and find $ in the budget to max out 401k + + +Here's the monthly budget right now-I take home $850 biweekly right now and bonus of 3k to 4k in December. + +488 Mortgage ( paid off in 13 years) +350 student loans ( paid off in 13 years) +350- utilities,gym and car insurance +300- food and household +350 emergency fund, extra towards debt fund. + +Thanks for reading, what do you think? +Hello everyone. I refinanced my house a little less than a year ago and was able to get my interest down from 4.125% to 2.99% and my payments down from $1800 to $1600 on a 30 year loan. I was less than a year into the original loan at the time, and now I am about 10 months into the re-financed loan. + +I have been receiving multiple offers to refinance that would drop my interest to the 1.99%-2.25% range and my mortgage payment all the way down into the $1050-1100 range. This sounds too good to be true, but I had thought that about the initial refinance as well. I'm curious if there's a catch I'm not seeing that's common on refis. If not, is it a good idea to refinance again so soon? I had read its not worth it if you can't drop your interest rate atleast 1.5% and also if you may move out of the house before a certain amount of time. I do eventually intend to trade up into a bigger house, but I don't see that happening in the near future as we are quite happy where we're at. +Hi all, thanks for any advice you might have on this. + +In the interest of helping get my grandmother into the 21st century, I'm going through all of her accounts with her, tracking them, "digitalizing" them (setting up online banking), and checking out her current rates. + +It dawned on me that she is losing out on a ton of potential gains on her money, and I'd love to get your thoughts/advice on what to do with these accounts. + +Some background: She is \~85 years old, widowed, lives alone but with family nearby, relatively healthy, doesn't drive, very thrifty. + +Current Assets: + +\-- $95,000 in an investment, managed by some advisor i don't know, who takes .75% fee. (Is that a lot?) + +\-- $45,000 in a mutual fund (has returned \~6% over its lifetime..) + +\-- $85,000 in her primary checking (don't ask me why...) I'll likely move some to at least a high yield savings, but leave a good chunk for anything that might come up. She has some small home renos in her future. + +\-- $100,000 in a savings earning .75% interest + +\-- $55,000 in checking #2 earning .10% + +\-- $50,000 in MM earning .85% + +\-- $46,000 in a jumbo CD maturing in October + +Income: \~$5,000/month. House paid off (worth \~$400k), cars paid off, minimal monthly expenses, probably around \~$1700. + +Concerns: + +1. My concern is her health as she ages, and obviously protecting her assets. My main concern on the horizon is needing living in care, a nursing home, etc. Is there a way to protect against this draining her assets in the future? Ugh. +2. Concern 2 is family. Son 1 and daughter 2 are low lifes and are likely planning on using anything they get from her for their retirement. I fear they will try to be greedy somehow, and I have heard they have started asking her about her income. +3. Asset allocation. I notional plan is to move \~$250k to a high yield savings, since I want to prioritize liquidity over gains, especially with the highs the market is seeing. Any advice on smart moves with her money otherwise? + +Generally interested in any other advice, strategies, etc. from a financial/legal standpoint. Thanks! +I figure you degenerates can help me understand…I’ve lived in Europe for three years and just moved back to California. I’ve been back for about a week and, with no exaggeration, every store, restaurant, gas station and Wendy’s dumpster is hiring. + +What is the disconnect? Are people just saying fuck it after COVID and just not going back to work? + +Explain it to me like the smooth brain I am. + +EDIT: Since it’s been mentioned a decent amount, this doesn’t seem just like entry level low paying jobs. I see lots of jobs hiring in the skilled trades. +Not a bad problem to have honestly, but are you waiting too long to retire? I've been looking at my numbers and the number keeps getting higher... I think it's more nerves that anything. + +I told myself even if I hit the lottery i'm gonna work for a few more years. I'm currently on a project and I want to finish it. I want to leave my mark before I leave. + +I have a long way to go, but I don't want to be 30 years down the road still working with a huge sack of money scared to retire. + +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. +I mean yes, there’s the usual you get: + +1. Learn about trading +2. Trade with paper money +3. Watch the market +4. Experience, experience, experience + +But how do you actually concretely go from nothing to actually being successful? + +Yes, it takes time, it’s hard work and all, but there are still things you can do to make it better… + +Any opinion? +Alright. Just like my Level II question.. I've got one on volume and I know it holds some merit unlike the fast paced Time and Sales / Level 2 reading. + +&#x200B; + +Why is it that the engulfing candlesticks in the red circles I've drawn have such little volume... but the candlesticks in the blue circles I've drawn are so small but with huge volume. + +&#x200B; + +Why did those bigger moves require such little volume but the candlesticks with such little movement had a lot? + +https://preview.redd.it/ggkc103zn7r31.png?width=2065&format=png&auto=webp&s=d9c5b0003a07732c82b47775e1eb42033a75eda7 +Dear crypto gem hunters, i am honoured and humbled to share this masterpiece of an article with you. It was written by members of the Radix community. + +What is Radix, and why you should not ignore it: + +Radix DLT is a Layer 1 DLT (Distributed Ledger Technology) similar to its blockchain counterparts Ethereum, Polkadot and Cardano. Up until now Blockchain Tech has faced some major problems with adoption. Two main problems are the scalability trilemma and keeping atomic composability when scaling. (see articles at the bottom for more info on these) + +Over the last 8 years Radix was built from the ground up to provide a solution to all of these issues. It is the first layer 1 platform that can scale linearly without bottlenecks and without sacrificing decentralisation, security or atomic composability. + +Radix takes a different approach to all other smart contract platforms, providing the key breakthroughs in technology that are needed to finally allow global mainstream adoption of DeFi and crypto Technology. +Here are some of the features: + +⦁ Layer 1 Dapp platform built to support DeFi + +⦁ New type of DLT structure processes transactions in parallel and braids together related transactions to solve the trilemma without losing atomic composability + +⦁ Atomic composability is the ability for multiple defi transactions to compose together in a single block, without it DeFi falls apart. With Radix Atomic composability is available at the inter-shard/cross-shard level to keep fees minimal forever. + +⦁ An almost infinite amount of possible shards (2^256) means that the ledger provides almost unlimited scalability + +⦁ 8 years of R&D went into the project leading to innovative tech that is unique to Radix + +⦁ Prevents smart contract Hacks and exploits with component catalogue and secure coding language + +⦁ Very dev friendly platform the component catalogue makes building apps fast and easy on Radix while Dev's who contribute to the catalogue receive lifelong royalties + +⦁ World class team with members from ycombinator consensys and microsoft + +⦁ 120M Marketcap compared to marketcaps in the Billions for competitors +Not only is the technology good the roadmap is very busy this year as the release of mainnet becomes imminent, here is a list of upcoming milestones in the Radix Roadmap. + +⦁ Cassandra testnet V1 Q1 + +⦁ Olympia Betanet Q2 + +⦁ Olympia Mainnet and wallet Q2 + +⦁ Cassandra testnet V2 + +⦁ Alexandra Mainnet + +⦁ More CEX listings likely + +There is so much more to say about this project but I have attached some resources for a more detailed look into the project. + +Website: https://www.radixdlt.com/ + +Twitter: https://twitter.com/radixdlt + +Telegram: https://t.me/radix_dlt + +Radix whitepapers: https://www.radixdlt.com/#white_papers + +How Radix approaches scaling: https://www.radixdlt.com/post/breakthrough-in-consensus-theory-scaling-defi-without-breaking-composability/ + +Why Atomic composability is important: https://www.radixdlt.com/post/what-is-defi-composability-and-why-does-it-matter/ + +How Radix Reduces hacks and exploits: https://www.radixdlt.com/post/reducing-defi-hacks-exploits-failures-on-radix/ + +Radix royalty incentives for devs: https://www.radixdlt.com/post/on-ledger-recurring-developer-revenue-incentives-to-buidl/ +My wife works for Centrelink and said they had (unsurprisingly) 290,000 new welfare claims last week, this was also before Queensland also jumped on the carousel. They are literally begging workers to do overtime, even full day Saturdays and Sundays at ridiculous pay rates just to process them. The claims are not as easy to process as they were last year either because there are more rules, stricter "relevant period" and geographic criteria as well. The whole joint (Centrelink) is a fucking shitshow. + +So if you want to make a claim, get in ASAP because the business as usual service standards are well out the window and theyre struggling to deal with it. + + +EDIT: Clarify claims are harder to process. +A few months ago, I reached an important milestone on my road to FI. I'm still working, but with zero debt, lots of cash, etc. I've noticed that my relationship with my job and work in general has changed for the better, which is a pleasant surprise. By this point, I *thought* I'd want to dial back and semi-retire to a low cost area, but now work isn't as...annoying? Burdensome? I suppose it's because I know I can walk away. + +Anyone else experience this? + +E.g. I don't worry about being laid off or fired -- I can ride it out. This means I'm cool as a cucumber and never get bogged down in petty drama. I can bankroll my integrity and do what's right, if push comes to shove. All of this makes me a better employee who's more confident and outspoken when necessary (just received a raise). Technically, none of this requires any financial strength, but the psychological benefit of the various FI strategies is perhaps the best part. Peace of mind, for me, is more valuable than bullshit like exotic vacations and new cars. +So it appears that these past few weeks the market has been moving higher and individual stocks and sectors have been BOOMING (I'm talking about EV sector and individual stocks r/wsb have been "betting on"). + +I specifically want to address Covered Call writers or someone "Wheeling" in-general. If you're someone, like myself, who buys shares of the company in-hopes that the company will perform well/grow in the future, then sometimes you have got to stick with faith (or buy a married put as a hedge). There will be times that you will NOT need to sell Covered Calls as a way for extra profit or to lower your cost basis. + +Take the past couple week for example. I bought like 200 shares of SOLO when it was trading around $3.70. Past like 5 sessions it fucking tripled due to broader EV market moving up. I initially just played SOLO as a penny stock and sold at like $5 but it still ended up moving the next day. I bought back in at like $6.25 on Monday and I sold a Nov 20 CC (think the $7.5 strike) for the extra few quarters. This ended up back-firing me earlier today and I didn't want my shares to get assigned so I bought back the call. + +During this two-week session, had I just kept the 200 shares and didn't touch/write any CCs, I would've doubled or tripled my $600 account. I still got back to 4 figures but it could've been much more had I NOT sold CCs. + +TLDR: If you're an options seller you do NOT always need to sell options. Take advantage of broader market moves if/when you can by buying shares. AKA holding your shares is sometimes better. +I bought a LEAP on MSFT to do a PMCC back when it was just below 300. I've managed to collect about 20% in covered calls, but it's down 40%. Now it's getting to a point that my outlook has changed. I think I'd like to exit the position. + +Thinking about playing super aggressive covered calls. ATM. 7DTE. Worst case, I close the position. Best case, I collect for a few weeks and get caught up, then can re-evaluate. + +Thoughts? + +It's a January 2024 205 strike. +Hi thetagang! + +I'm interested in opinions on whatever it is I did; I've recently started doing research on options trading and found the thetagang approach(es) intriguing. That is to say, I'm a super noob. + +As far as stocks go, I'm small fry; less than 10k to mess with currently, so I picked up some cheap $NOK at $4.18 and sold a 5c 1/21/22 (pardon the shorthand if that's not quite right). + +I pocketed about $50. Neat! + +Now by my logic I'm in a pretty good spot, given the possible options: + +1. $NOK continues to waffle around $4 and maybe I buy back the contract after a while to close out and do something else, once its value drops low enough. +2. $NOK gets crazy again and my shares get called away for $5, in which case I've made $.82 per share (granted if it moons I've missed out on those gains but still ahead I guess) + +Anyways, interested in feedback/suggestions/poo flinging if warranted. And I guess, in short, did I do this right? +Title says it all. My questions are: + +1. What are your top 5 stocks to wheel? +2. What DTE do you normally pick? Should I stick to the 45/21 plan? +3. Probably best to ask an accountant but just in case anyone has an answer to this, what are the tax implications? + +Thanks for any feedback on this. +Looking to sell F CSP exp Aug 30 at 14. I want to wheel F. Any thoughts or advice? I do like F. Got a lot of good feedback both pro and con. Now I’m ready to pull the trigger +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I'm starting to come to the conclusion that selling naked options is better than credit spreads (IC, put, call, etc) if the account can support it and can take assignment. + +What do you think? + +Advantages of naked over spread + +* Faster theta decay + * With credit spreads - the long leg will play against the theta decay +* More positive impact from volatility decline +* Much easier to roll for credit + * Can be hard to roll spread if both legs get breached + * Can also roll to a different strike +* Can eventually be turned around - if company doesn't go bankrupt -- by taking assignment + selling covered calls/puts on it + * Credit spreads can lead to permanent loss if both legs get breached +* Personally, I've been less tensed with naked options since I'm OK taking assignment + * There's more market watching with credit spread since I have to hope it doesn't get breached + +Advantages of spread over naked + +* Defined risk - good for new folks to calculate +* "Denser" spread -- i.e. you can bet 10k on a spread and make 7k + +What am I missing? +I am interested in wheeling a risky underlying (e.g. GME, RIOT, MARA). It seems like the risk is getting assigned a big CSP and the stock going to 0. I've been wondering about hedging against that with a long dated put + +For example (GME), I could buy a Jan 21/2022 put @ 20 for around 7.25 + +Then I could sell weekly puts , e.g. Jan 22/2021 put @ 31 right now for 2.67 + +So presumably in 3 weeks of selling weeklies, I've recovered the premium paid for the long dated put, and now I can wheel the risky underlying for the rest of the year with more confidence. Does this make sense? Is it a good strategy? Or am I missing something here? + +Obviously the strike price of the long dated put would determine how much protection I'm getting, and the higher the price the more premium I will pay for that, so there is a tradeoff there. I can also probably consider rolling the long-dated put if things are going well 6 months in and I want to increase the amount of protection I have. +Hi thetagang! + +I'm interested in opinions on whatever it is I did; I've recently started doing research on options trading and found the thetagang approach(es) intriguing. That is to say, I'm a super noob. + +As far as stocks go, I'm small fry; less than 10k to mess with currently, so I picked up some cheap $NOK at $4.18 and sold a 5c 1/21/22 (pardon the shorthand if that's not quite right). + +I pocketed about $50. Neat! + +Now by my logic I'm in a pretty good spot, given the possible options: + +1. $NOK continues to waffle around $4 and maybe I buy back the contract after a while to close out and do something else, once its value drops low enough. +2. $NOK gets crazy again and my shares get called away for $5, in which case I've made $.82 per share (granted if it moons I've missed out on those gains but still ahead I guess) + +Anyways, interested in feedback/suggestions/poo flinging if warranted. And I guess, in short, did I do this right? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +Another tough day for the ARK ETFs. ARKK down 4.6%, ARKG down 5.2%, and even ARKF is down 4.5%. Both ARKK and ARKG are now around 35% off their ATH (hit back in February 2021). + +There are a lot of overlapping holdings in these innovation funds. But the big hitters are TSLA, TDOC, ROKU, SQ, SHOP, ZG, SPOT, ZM...most of whom have taken quite a beating lately, some even flirting with 52 week lows. ARKG only has major overlap with TDOC, and has fairly strong correlation with XBI which has also taken a beating from recent all-time highs. + +**What are your thoughts on the ARK series of ETFs? What positions are you holding or are looking to open?** + + + +For me, I'm short a stack of puts of various strikes. For ARKK, my worst is a 105p that just went ITM, 100p, 95p, and on down. For ARKG, I've got a short 76p open that is in jeopardy. I've got capital to take assignment, and so will likely take the shares if assigned. +So my ex has terrible credit and bankruptcy so being the fucking moron that I am, I let her take a car (and sofa but that’s less important) out in my name, the car costs £300 a month and total finance is £16,000 (pretty sure it was a shitty deal place but I just let her crack on because I don’t drive and I don’t know the value of this stuff). + +We’ve had an unpleasant split and now she’s telling me she doesn’t want any financial ties to me, so she’s fixing her old car and ordering a new sofa. + +I can’t afford the £300 a month at the moment and I don’t even have a full licence so I can’t even use it. She’s made about 5 payments so far… I feel so fucking stupid and in a panic. + +Is there anything I can do to get rid of this car and not fuck myself or my credit (which I’ve worked hard to fix) up? +About a year ago I started to get my finances under control. I paid off my maxed out credit card and managed to accumulate 6 months worth of emergency living expenses, plus an extra ~$1k or so as a cushion. + +Today I gave my 2 weeks notice to my employer. I was timing it to work 2 more weeks then have a 2 week break before starting up at my next job, but my boss turned around and fired me on the spot, totaling 4 weeks of unemployment before the next paycheck would start flowing in. + +Normally I would have freaked out in that situation, as I wouldn't have planned for a month's worth of expenses like that... however, with the help of this sub, I had enough in the emergency savings today to just shrug, smile, and give my boss a firm handshake as I started to think of all the hiking and beach time I'll get in the next month before my next start date! + +Thanks /r/pf! + +edit: gonna file for unemployment... right after this breakfast beer :) just remember, with the right emergency savings and financial planning, your unexpected unemployment can be turned into a FUNEMPLOYMENT! +I imagine it's a terrible feeling. There's a couple projects I have that have been stale for a while now and I've been considering reallocating funds, but I'm terrified one of the coins I dump will just take off. Similar events have happened to me before with stocks and that has stuck with me for a while, but that was watching a stock go up like 200%. Nothing like coins doing 1000x. I'm sure many of us feel we have bad luck and whenever we sell then the cosmic powers decide now is the perfect time for the investment to go up. Has anyone actually lived this nightmare before? What coin and how has it affected your strategies afterwards? It's the kind of stuff that wakes me up at night. +Hi Everyone. I don’t want to give everyone a huge background but I came to the UK about 5 years ago. I was a US resident for most of my life and moved back to my home country in Europe. After a few years of that, I decided to make the move to the UK and start a new life here. Im 31 years old. + +Former business owner here in England (construction industry) and things were going well until the pandemic. Long story short I racked up a fair amount of debt and my business has not been trading ever since. I went back on PAYE and being employed to be able to pay my bills etc. + +I also made some bad decisions on some investments that set me back thousands. I have helped my mother and father with some money back in Europe. I have taken out numerous loans and I am really struggling to pay them on my current wage with 2 jobs. I work about 60 hours a week and still only end up with about 2,000 after tax. My outgoing, including the loans, are 2600 a month. I have about 6k in the bank and about 10k unused credit on my credit cards and I am just going into a hole every single month on my cash reserve. I don’t want to use my credit cards to go further in to debt and my cash reserve is burning up quickly. I feel like if I just keep this going ill burn through all of my cash reserve AND have to end up using the credit cards just to be able to survive/pay off debt. (which would put me into more debt). My total debt at this moment in time is £39,000 and I just don’t see a way out with my current income. I cant sleep well at, Im over worked, I have put my social life and hobbies on the back burner. My mental health is deteriorating by the day to be truly honest. All I do is work to pay off this debt which I cannot with my main job and weekend part time job. It was 47k debt a year ago so I have managed to pay about 8k off but that’s when I had a very very good job and working 70+ hours a week. I am not asking for sympathy I just want some advice. I have no assests aside from a car that is paid in full and a cheap motorbike that is also paid in full. I am considering bankruptcy at this point and its just eating me up inside. Anyone have some solid advice as to whether I should consider bankruptcy. Thank you so much in advance, hope you all are having a fantastic day so far. +The recent thread on stable coins blew up and really brought out some love and hate for Cryptocurrency investing. + +I thought it would be good to discuss more generally what are FATFIRE people thoughts on investing in Crypto full stop! + +Are people with HNW ignoring it as a fad? +Or perhaps your HNW but think its a risky but high payout investment? +Or perhaps you don't even think its a risk? +Are people who are not yet FATFIRE investing thinking its get rich quick or perhaps its just seen as an alternative to stocks and share? +Do you like other Crypto outside of Bitcoin and why? + +Lots of questions but I am very intrigued to see overall positions of FatFire people as this is a sub with sensible people who have obviously made some very good decisions in life. +I'm looking into a long term investment plan now that we have enough cash for emergencies and stability in our careers. Looking to understand whether my plan makes sense and what kind of asset allocation should I look into. Wondering if anyone on this sub has taken a similar path? + +Background: + +1. Age: 28 +2. Income: 175k post tax (combined with SO). ~40k equity / yr. (SO is underpaid so should see ~25% total increase in < 2 years) +3. Expenses: ~4.5k including rent +4. Debts: ~50k (SOs student loan which her dad pays off so flexible in repayment) +5. Cash: 64k +6. Individual stocks: ~68k +7. Crypto: ~60k right now +8. 401k: 7.5k +9. No car, no house + +Assets: 200k Liabilities: 50k + +Now, I've decided to go heavy on index funds for a long term portfolio in a taxable account (we may need to relocate to another country in the next 5 years). + +Considering we're supposed to make 14.5k / month, my plan is to invest 6k and put 1k in the brokerage as cash (to use for individual stocks / additional buys during downtrends). Rest will be for expenses + cash (we have a wedding coming up). And my plan is to ramp it up by 2% / inflation every year. + +Target is to hit 10 million with in just the 2 fund portfolio between 60-65. + +Significant events in the next 5 years: + +1. Mortgage for 2 houses + down payments (we're flexible on this and will only go ahead with it if post savings cash flow allows it) +2. Car ~30k +3. Wedding ~40k +4. Kid (probably at 5 years mark) + +Some assumptions: + +1. This plan considers only our wages. We aren't counting equities. +2. The speculative aspect of this plan is money I am okay losing 100% month over month so I understand the risks. +3. I've not taken current assets into account and just future wages for contributions +4. Not taken company equity or 401k into account. Those are just gravy imo. + +Some concerns: + +1. Should I go with a bonds / international index as well? I feel like I can take on the risk for the next 15 years at least. +2. The 1k / month cash in brokerage is for times when there's significant downtrend. I'll plan to buy a 3x leverage ETF / individual stocks when this happens. Or OTM puts if I see a significant downtrend incoming. I'm okay with the risk since it's not going to be part of the long term portfolio. Additionally I don't count my employer equity in this portfolio either as I want to ride it out. +3. Since the whole plan revolves around a taxable account, how naive am I when it comes to estimate dividend taxes (I plan to DRIP)? + +Do you guys see any holes in this plan? Any obvious things I've missed? How crazy am I to think I can get to 10 mil by 65 by just grinding away at a job? +im 24 and am currently unemployed. + +My chance of employment at this time, and for the foresee\-able future is poor because of mental health. + +I am in debt of 6600 + +5000 remains to sainsbury's at 12&#37; over 5 years + +1500 overdraft charging 5&#37; + +100 to tesco mobile + +i have a terrible credit score + +i live in rent free accomadation + +what are the cons for going bankrupt. + +thanks for reading +Hi everybody, I’ve been doing a lot of research on different strategies and by far my most favorite is the Iron Condor. I’m not trying to get rich quick and I love that I can control my max loss as well as risk to reward ratio. The strategy it self seems to have a higher chance of consistent profitability because of how you can control the max loss/gain. Can you enlighten me to something I may be missing (I’m sure it’s a lot) everybody wants to sell there own strategy and there is not a lot of info when it comes to cons of the Iron Condor other then it’s slow. +My parents took out Parent Plus Loans for my brother and I when we went to college and now they are in $120,000 of debt in student loans. These loans were consolidated so my parents are paying an absurd amount of money each month. My father just retired this year after 30 years of being a firefighter and he is also disabled Vietnam Veteran. My brother and I try our best to contribute to these payments, but I wanted to see if there are any strategies or help we can receive for these loans? Any helpful tips would be greatly appreciated! +Just another friendly reminder for the new folks. Beware of Bitcoin.com and misleading material designed to trick you into buying BCH. BitcoinCash is just another alt coin but with less honesty and way more protectionism than other projects. BCH is currently dieing and the folks bag holding will say anything to switch places with you. HODL BTC and don’t look back +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've only been writing call options for two months now, but my addiction is to the point where I'm super antsy on Fridays to see what gets exercised and what doesn't, and then on Monday I'm excited to write more for the week/month and collect those premiums, for which I use the cash to just buy more shares of whatever (in lots of 100 of course). But then most of the other days of the week I'm just jonesin' for my next fix, especially on weekends. + +Anyone else get like this? +I’ve interviewed for a position, and HR has requested references and that one of them be my current supervisor. At the advice of my sister, who is a recruiter, I told HR I wasn’t comfortable sharing my current supervisor’s information but that I was happy to provide past supervisors as references. HR pushed back and asked if they could contact my current supervisor once an offer was made. + +I have a good relationship with my current supervisor but as I’m not entirely sure I want this job, I don’t want to bring it to her attention unless I was absolutely sure I was leaving. Curious if anyone else has encountered this. + +Edit: thank you all for the feedback! Good to know my apprehension wasn’t misplaced. +Know how much you're worth and better believe the higher salaries and go for them. I did switch jobs twice in a span of half year and going from £35k (to £46k and now) to £65k. + +I hear it a lot from my field, from software engineers, that 'no, you cant get more than 40-45k' etc, but I did never actually believe it, I just deny being put into box with limits. + +Look around, jobs need you and raise your salary with job changing. worths the 'hassle' +[https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html](https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html) + +"Some have visited Robinhood’s headquarters in Menlo Park, Calif., in recent years to confront the staff about their losses, said four employees who witnessed the incidents. This year, they said, the start-up installed bulletproof glass at the front entrance." +Whether it's in r/personalfinance or random discussions, most everyone seems to go back to the old line of a new car losing half its value when you drive it off the lot. + +But if that's the case, then why are so many used cars nearly identical in price to what you can get new? Especially when it comes to trucks or SUV's, it seems like the two to three year old models are only a few grand less at *most*. + +How do you know when it's worth it to spend xxx more to just go new? +So, I recently found out that I made partner at a "biglaw" firm, which means that I'll go from making 500-600k a year to meaningfully more than $1M a year (don't want to get into specifics because it will out the firm I'm at), essentially for as long as I care to stay in the job. + +I'm honestly not sure what to do. This isn't a "life calling" for me, in that if I won the lottery tomorrow and had $15M in my bank account post-taxes, I would 100% quit. My current NW is \~$1.5-2.7M, depending on how you count it. $1.5M is post-tax if I exclude my home equity (I paid my mortgage off early so this is a huge hit) and include what I call net college costs, which is the sum of (x) current cost of attendance at the most expensive private colleges for my kid; plus (y) 4 years of in-state tuition for another family member; minus (z) what I have in 529 savings (this is about a $180k deduct right now, i.e., I have to save another $180k for college to zero this out)). $2.7M is pre-tax if I include my home equity and exclude net college costs (including that I exclude the 529 savings, which I no longer view as "my" money). + +I have a lot of insurance--life, disability, umbrella, etc. + +I'm in my upper 30s. Spouse keeps our household going and is priceless in that regard, but doesn't bring in a separate income. Kid is 4. + +I'm just kind of lost. I never expected to make partner at my firm, I've just been kind of staggering until they fire me and, lo and behold, they haven't fired me. I spend about $110k/year right now in COVID-world (excluding income taxes, including property taxes, insurance, etc.), a number that will go up significantly once traveling is happening again and eating out is happening again, so probably a realistic baseline of something like $150-200k/year (again, excluding income taxes). There are definitely things I'd like to spend more money on that I haven't--personal training once COVID isn't as much of a concern (my health is very poor and I haven't been able to self- motivate to work out in the last 2 years), upgraded travel, eating out, massage (I have a lot of pain and massage is basically the only thing that provides temporary relief). + +My fatFIRE number is probably around $12M if I'm really focused on it in terms of truly optimized. $6.7M (3% SWR of 200k for myself and my spouse). $700k for college savings (different from net college costs above... this is a more generous savings amount that would include grad school for my kid and more than in-state tuition for other family members). $5M for generational wealth to pass down to my kid (I am getting nothing from my family whatsoever and want to be able to provide something for my kid given the position I am in.. enable my kid to choose what they do with their life). + +I'm inevitably going to have some lifestyle inflation from making partner, which is why I'm really keyed at $200k/year. So assuming $200k/year spend--which I fear isn't high enough, because I can definitely see how I could get higher than that--and an all-in effective tax rate of 45%, I should be able to save $500k-$1M per year (I know that's a large range). So rough justice, I can be done in a decade, assuming essentially flat market returns. + +I don't really want to do this job for another 10 years (and have no idea whether I'll actually make it another 10 years). I'll basically miss my kid's entire childhood. Obviously I could cut several years off if I cut out the substantial generational wealth component, but I'm confident that even though my kid would rather have more time with me now, in 30 years or whatever, my kid will be better off from an overall life perspective with the money. + +Anyone else here found their way to fatfire through this kind of professional services firm track? So many people around here are basically "lol $10M in early 30s from tech stock, thanks very much." I never expected to find myself in this position don't really know whether I want to actually be in this position, and I guess I'm just looking for advice/thoughts from people that have found success/balance/happiness out of similar circumstances. + +I have no practical exit options, by the way. I made partner because I specialized, but my specialization doesn't translate. So as long as I'm in this job, I have crazy, crazy hours--I exist to bring in a paycheck and very little else. Which is fine, that's my highest and best use, but I'll admit that it makes me tired, from time to time. +Tl;dr: Once at fatFIRE income, where do you draw the line on DIY vs outsourcing? I'm about to outsource my LLC bookkeeping to an online service. I'm torn between feeling like this is worthwhile expense vs. something I should suck up and do myself. + +&#x200B; + +Quick overview: + +* Single-member LLC filing as an S-Corp +* 1099 contractor, new to the 1099 world as of 2018 (was W-2 employee for 20+ years) +* Expected income >$300k (a new world for me) +* CoastFI right now, should be no-kidding FI next year (\~$2.5MM) +* I hired a CPA for 2018 LLC & personal tax returns and am happy with that decision (\~$1,200/yr) +* I use an online payroll service (\~$600/yr) +* I've attempted to use waveapps dot com (free) for bookkeeping myself but didn't make it a habit + +&#x200B; + +My situation: + +* 2018 tax time was a mess. I had to flail for a week to get my expenses organized for my CPA. And only had half-assed results +* I can pay \~$1500/yr to do my bookkeeping (I'm looking at bench dot co and pilot dot com but there's lot of others, CPA's etc.) +* I realize this is a fantastic problem to have and that I'm extremely lucky + +&#x200B; + +My calculus on decision: + +* My frugal inner-self is calling bullshit and saying I should suck it up and learn bookkeeping. And make it a habit. I already pay a shit-ton for CPA and payroll. +* My rationale inner-self observes that I hate bookkeeping. I said I was going to do bookkeeping for 2018 and never did. I already feel like I have little free time. Which makes bookkeeping sounds like a candidate problem to outsource. + +I have done my own taxes forever. I've never earned this much in a single year. Paying others for these tasks is raising more "guilt" than I would have thought. + +Anyone else in this boat? Where did you draw the line between DIY vs. outsourcing when you started to earn fatFIRE revenue? + +Edit 1: updated tl;dr for clarity, added current FI-level and fixed typos + +Edit 2: "demoted" my choices of bookkeeping service; there's lots of services that do this, which service is not important to me + +Edit 3: removed URLs because photos from those URLs kept being added as banner images to the post +URL: https://www.change.org/p/coinbase-coinbase-prioritize-segwit-implementation-on-the-coinbase-bitcoin-wallet-gdax-exchange + +**Not happy with Coinbase dragging their feet on SegWit integration? Follow these steps:** + +1. [Sign the SegWit petition](https://www.change.org/p/coinbase-coinbase-prioritize-segwit-implementation-on-the-coinbase-bitcoin-wallet-gdax-exchange) +2. Use an [alternative wallet/exchange](https://www.reddit.com/r/Bitcoin/comments/7ojt5f/day_7_i_will_post_this_guide_regularly_until/) that has implemented SegWit. +3. Tweet [@brian_armstrong](https://twitter.com/brian_armstrong) and [@coinbase](https://twitter.com/coinbase) and let them know you've signed the petition and have moved to an alternative provider. + +Remember, this doesn't just affect customers of Coinbase, it affects the whole network. Not optimizing transactions (with SegWit and batching) inflates the fees for everyone else. This is irresponsible for such a large company in this growing industry. + +Please do your "bit" and help make the issue known as best you can. + +Thanks r/bitcoin +No news articles, no discussions, but the BlockFi sub is currently a disaster zone with people being locked out of withdrawing and BlockFi sending out e-mails threatening to sue individuals. + +Withdrawal limits were 100 BTC which is pretty life changing at $4.5m so I'm curious how many people YOLO'ed. +REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE market numbers readable on any investing website REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE + +(lines) + +REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE more numbers from other shit this time i went specifically to investing.com REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE + +( lines) + +REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE +/-3% spy range , bull and bear good REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE + +(lines....again?) + +REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE "quote about some shit with uhh something super vague but uhhhhhh yeah trade well" REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE + +( lines again) + +REEEEEEEEEEEE ok its your "boy" faggot ass retard i wont be back till next week because of the level of thought and time it takes to make these posts REEEEEEEEEEEEEEEE + +&#x200B; + +i will respond to any comments with a faggot emoji and say good luck or some shit with no actual insight to any of your questions or concerns about the numbers i put up + + +Edit : I love you faggots + +Lol good luck on your trades +I was inspired by u/Arcanon1 to share the story of my own massive loss porn. I believe it would be theraputic to me to write this out, and I hope some may learn from my mistakes of this year. There was no single yolo gone bad, rather it was the culmination of many mistakes along the way. + + +It all started with GME. I had an inherited portfolio of around $200,000, all of which was in mutual funds and highly diversified. I got into GME with $40,000 relatively early at $100 per share, at the peak squeeze my $40k turned to 200k, giving me a total of 400k. + + +Obviously the squeeze ended when they turned off the buy button, I ended up averaging down with another hundred shares or so, ended up selling it all at around $70, I was left with around $170k as you can see in the screenshot. + + +My next meme stock was Microvision. I rode that one from $12 all the way up to the high of $28. During the second MVIS peak of June, I had almost made it back up to $300,000, it then dipped below $20 and never came back. I became married to that stock, I averaged down and just continued to diamond hand into oblivion. It crushed my account. I ended up selling at $11. If I were still holding now, my net worth would be below 6 figures. + + +After selling MVIS at $11, my average cost had become $15 and I had around a 25% loss. This brought me to around $130k. I bought CLF before the most recent earnings and got a sweet 15% profit from that. Up to $150k. Then I bought TDOC before earnings at $140, but my stop loss triggered at $130 the day after earnings, before it rocketed up to $150 without me. Back to $130k. + + +I became tantalizingly close to riches with DWAC. I watched the legendary SPAC pump go from $10 rapidly to $15 and beyond, I had a 50k buy order set to trigger at $20, but at the last second, I said "nah this is dumb", and I cancelled the order. Had I not cancelled it, and held to the peak, I would have over half a million today. + + +Missing DWAC caused me to FOMO hard. Recently, Black Rifle Coffee went public with a SPAC, I assumed it would do the same as DWAC, you know... conservative pumpers and all that. Ended up losing $10k from that. Down to $120k. + + +Most recently I went all in on BGFV, bought at $28 and averaged up to $32, watched myself recover to $150k yesterday before a brutal 30% dump. And earlier this morning I got out, because enough YOLOing is enough for me. That was my breaking point. And viola! Thats how I got down to $110k. + + +From now on, its a diversified portfolio of large caps for me, no more big high risk yolos. + + +My advice: +Don't get married to a stock, if you're in a clear downtrend, get out. A small loss is better than a big loss. + +Set stop losses to lock in your profits, but dont set them too tight during volatile periods such as right after earnings + +Don't FOMO into retarded stuff. + +Don't average down, average up. + +Assume a stock going up will continue to go up, and one going down will continue down, don't try to time tops and bottoms. + + +[Snapshots of my money throughout 2021](https://i.imgflip.com/5t4zp0.jpg) + +Edit: Apes, gamblers and degenerates, thank you all for your kind, encouraging and amusing words. I do feel a good deal better after writing this out and letting it out into the world, it felt like a secret shame that was weighing me down and the burden has been lifted. May you all prosper, and none of your stocks go tits up. +Hey all, so my parents are in a tough spot right now and I have no clue how to help them. First, my adult older brother is 38 and for 14 years had a fantastic job which he loved. Unfortunately, he’s ran into some major health problems lately - first, he’s had type 1 diabetes for a while now, and recently a tick bite gave him both Lyme disease and Rocky Mountain spotted fever. He also has a number of other ailments that I’m not sure about, but basically he has a number of bacterial infections and is in bad shape. His body is not reacting well and at one point he had a severe reaction that left him in the intensive care unit for several days where he was apparently close to dying. + +Ever since then, he’s never been exactly right. His main problem is he is extremely lethargic — to the point he can’t even get up in the morning on some days. Some days he’s okay, others not. He’s not consistent enough with his energy levels to be able to work. He’s regularly seeing doctors — none of them have been able to resolve this. He took disability leave through his company since he was so weak. He was able to support himself through this, but unfortunately, they ran out and he has zero savings. So right how, he has absolutely no income whatsoever. He is trying to get better, but so far barely any progress has been made so I'm afraid the end is nowhere in sight. + +He went sobbing to my parents and they felt very sorry for him and agreed to help. But I don’t think they realized what they were getting into. They are both retired, and they are handling ALL of his expenses and bills - and I mean everything — including his mortgage, car payment, medical, groceries, insurance, phone, etc. literally anything and everything he has to pay for, they are covering. He has absolutely ZERO income coming in and nothing saved. But my parents are using more of their income on him than they are comfortable doing. It’s probably no more than three or four days before he is asking for more. + +He has cut all expenses other than the necessities. He has no cable, internet, no other subscriptions of any kind. He explained the situation to his mortgage and they agreed to let him defer some payments for now. And he does have a health plan through the Marketplace but it doesn’t cover everything he is on. He says he can’t file for unemployment because he is not actively seeking a job as his body cannot handle working right now. He did apply for some kind of help through social security that he is waiting to hear back on. And I believe he does plan to sell his house and temporarily stay with my parents until he recovers, but I don’t think that’s going to help the matter much. Sure, the house expenses will be removed, but he still has a ton of other things, plus it could take many months to sell. + +This has been going on for 4 months now and my parents came to me saying they are stressed and have no idea how to handle this other than to keep supporting him. They feel like they have no choice as he will either starve or won’t have the money to get his medicine and he will get worse. I told them none of this is their fault and my brother shouldn't have left his job without having any savings, but then again he had a major medical emergency that nearly killed him and he is still trying to recover from. So maybe I am being harsh. It just kills me to see my parents so stressed for something they had zero involvement with and that isn’t their fault whatsoever. It’s to the point that even seeing a text or a missed phone call from him gives them huge anxiety over what he will need next and how that will impact their situation. Im just hoping there is a better way to handle what is going on. + I've been paycheck to paycheck all my life. I'm used to paying late and juggling which bills to pay in order to get by. I've also spent money willy nilly too, so I had no one to blame but myself. + +But beginning this year I've done so much better. I control my spending. I used my income tax to pay off my credit cards and loan. I spend my money on bills, gas and food. And essentials, toilet paper, trash bags, etc. + +A month ago I had no idea how I was going to make it. I have a job making more money than I ever have before. I'm still paycheck to paycheck. My money is *tight*. I work six days a week, every week. Forty hours at my main job making 14 an hour and 8 hours on Saturday at my side job, making 11 an hour. + +I bring home a net pay of 1600 a month. Rent 550. Babysitting 160. Water 50. Electric 134. Car 311. Insurance 110. Phone 50. Garbage is 90 every three months. The only bill I have that is optional is my internet, which I pay 170 for. That includes internet at home and 3 tablets with unlimited mobile data. I was grandfathered into the plan and I know my next step is canceling the internet and tablets, but it's so hard to do. It's the only recreational expense I have. I'm nearly in tears today because I know its my only option to stay afloat. + +I just feel defeated, y'all. I'm making more money than I've ever made. I'm paying my bills. I haven't included cost for food. I get 130 in food stamps a month for my son and myself. That's what I use. It lasts but barely. We usually eat the same meals over and over again because they're affordable. + +It's just hard. I guess I needed to vent. Thank you for your time. + +Edit: a lot of really awesome people have responded to this and I'm super grateful! There's been some great suggestions that I plan on following up with. I just wanna say thank you again for your time. Yesterday was a real low for me and I'm feeling a lot better about everything today as a result of all the responses and suggestions :) thank you all so much again! +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +Hi personal finance, + +I’m 17 and completely financially illiterate. I’m going to college next year, my most expensive school is 38K/year. My father said I must take 15K in loans if I want to go to that school. I’m planning on majoring in computer science or architecture. Is 15 grand way too much to pay off? Will it make me miserable at 22/23 when I have to pay it off? + +Any insight is appreciated. + + Clarification: it’s 15 grand total. Not each year. And I don’t know what kind of loan I will take because I don’t understand the difference (see first sentence). +I don't even need to say any context to the title, if you are smart enough you will crack it! You can't even call it an FUD anymore. +This is going for a huge mess and the market has fluctuated to dump huge way. +Nobody knows how this will go overtime, and this is my advice that look for market to recover, DO NOT blindly buy into the market right now, save your capital wait for the market to stabilize, it doesn't matter if you think this is the bottom, this is the bottom, + + +People who have enough money can throw around but this is for those who have limited capital +Stay away from buying in at this moment! +Patience is the key just save it up! +Wait for your moment then go for it! +Evening, + +So the other day I posted this post - [AusFinance Post](https://www.reddit.com/r/AusFinance/comments/k4hhtd/spreadsheet_i_made_to_help_decide_between_renting/?utm_source=share&utm_medium=web2x&context=3) + +There were a lot of suggestions which were definitely valid so I really appreciate everyone's assistance with the ideas. + +I have updated the spreadsheet to incorporate the following - + +\- Tax implications: This was an oversight by myself, it makes obviously a huge difference so the results are significantly different now that they are taken into account + +\- Added expenses for Property Ownership: Again, an oversight, I forgot to include maintenance and repairs as an expense, as well as property management fees - this has now been included. + +\- Interest Rates: It might take a lot of extra inputs but now you can adjust the interest rates for both Investment Property and PPOR each year so if you want to allow for increase rate increases (or decreases) over time you can do this. + +The only suggestion I didn't take on board was creating more of a Monte Carlo simulation to help predict the future. The spreadsheet as it is may be a bit too simplified given it is just steady appreciation rates or investment returns, but in my opinion I believe it is sufficient. + +Someone also did mention copying the spreadsheet into a Google Sheet and it would be easier to obtain, I am sorry I was not sure how to do this. I hope you are able to download the Excel file and make any amendments you need to make. + +If there are any suggestions please let me know, I want to make a really useful spreadsheet which covers just about everything so any comments or ideas would be greatly appreciated. + +Link to the spreadsheet is here - [Updated Spreadsheet](https://drive.google.com/file/d/1hMMdUSyXncLFh1mH7Mu9b7lZLletrczF/view?usp=sharing) +A few months ago my mate quit his job to spend more time with family. It appears as he's still getting paid. He initially thought it could be due to some money the company was owing him, but at the end of the next month he got another payment into his bank account. It all looks like he's still on the payroll. + +What's the best course of action in this situation? + +What could be the tax implication should the company reclaim the money? +Just a bit of background first. I am a small business operator with 3 store fronts and 2 warehouses. We started in 2018 and were doing reasonably well, and used all our capital to expand to 3 stores in 2019 hiring over 20 employees (all Australian citizens), mix of full time, part time and casuals. + +As a non-essential retail business, our trade just dropped by over 80%. Furthermore, many of our staff expressed concern with working in a retail environment during this crisis. We have voluntarily closed our stores to safeguard the employees’ wellbeing. However, our landlords (5 different landlords) have all refused to assist with rental waivers during the time of the shut down. At the same time, we are still liable to pay business insurance premiums and banking loans (payment can be deferred, but fees and interest will just accumulate). These costs will continue to be payable if we are not closed by government mandated shut down. We have now run out of funds to pay anything at all and the stress is taking a toll on me and my family (as well as thousands of others in my situation). + +A couple of the landlords have now made offers of 15-20% rent reduction “out of kindness” to “assist us in our time of need”. But to be honest, we can’t afford to pay anything at all with no income. Only one landlord (major shopping centre owner) has told us that they are preparing a new proposal to see us through. No idea what that means yet. They are willing to delay payment by 3-6 months, but how am I supposed to come up with 6 months of rent in 6 months time when I’m making nothing at all? I don’t want to borrow the $250,000 from the bank when I know I won’t be able to pay that back. And it will only cover for half of the rents anyhow. + +4 of the 5 landlords has personal guarantees tied to my personal assets such as my house on top of 3 month bank guarantees which also are tied to my personal assets. So in essence, if my business fails and I am unable to pay the rent, my family and I will be in the streets once the 6 month moratorium runs out. So even though I have been on top of all my rental payments and bills in the past and operating what was a successful business, I will most likely end up homeless and broke unless rental payments can be frozen. + +We have stood the staff down with their permission as they know we can’t afford to pay them when we’re making 0 income. However, legally we cannot do so unless the gov. enforces the shut down of all non-essential retail. I felt terrible doing it, and my staff have been so supportive which just makes me feel even worse as their employer. + +We are relieved for many of our staff that they will now be able to access the JobKeeper payment. However, payment to business owners will not start until May, but we are supposed to start payment to staff now. If we don’t have funds or income, how do we pay our staff unless the payment is passed to us? Don’t get me wrong, I am so happy for them as they all need to pay their rent and cost of living, but I’m still just as helpless right now. + +What the gov. is doing now is simply telling consumers to stop going to non-essential stores, and at the same time, telling retail to remain open if we want. It’s a mix message and confusing everyone owning/working in retail. If they make it mandatory for non-essential retail to close, I believe there is a frustration clause which we can use to have many of our ongoing costs (fees, premiums etc) waived. I’ve contacted the Premier and the PM’s office and I’m not getting any answers. + +I can’t even sleep properly now and I’m beginning to lose all hope. The anxiety is excruciating and don’t know where to turn. Anyone out there can point me to the right direction of somebody who can help? + + +I'm currently renting for around $1000/month and am looking to get into investment properties. I'm currently in talks with a seller who has a 4 unit (2 duplexes) for sale that is being used as a vacation rental banking $98k/year in revenue between the 4 units. The asking price is $610k. My plan initially would be to live in one of the units while managing the other 3 vacation rental units. I would be using an FHA loan so I would only put down 3.5% plus closing costs. + +I would manage the property and take care of landscaping that first year while living there and should cashflow at least $5-10k while living for free. After I moved out, I would be getting revenue from 4 rentals instead of 3 and would continue managing the property and doing landscaping. In that scenario I would be cashflowing $27k-$32k per year. The place is well taken care of, has been remodeled, and comes with high quality furnishing. It's considered a "turnkey" property aka would be ready to earn me money without having to do anything to it. I live in a booming market where tourism is big and retirees are moving to in droves. + +The cap rate renting all 4 units is around 11% and is 7% when I'm living in one of the units. I would have my cash back within 2 years. I've calculated all my expenses and have even been conservative with my numbers. I'm pre-qualified to buy and I wouldn't pay the full asking price. + +I have the following questions. Is this too big of a leap for my first purchase? Are the numbers too good to be true? Will I struggle to run successful vacation rental cottages out of the gate? +So I currently have 3 single family home rental properties in Greenville, South Carolina. All have been very good to me. I have been on the road for work and have been leasing apartments over the years. I have a job opportunity in Charlotte, NC (will most likely take it), and that will put me about 1.5 hours from rental properties. + +&#x200B; + +The housing prices in Charlotte are wayy higher for a comparable home in Greenville. At first I was thinking about finally planting my roots with my wife and getting our own place if I take the opportunity. + +Plan A: I will shell out \~$300k-$350k for a decent single family home in Charlotte, burn up ALL my savings in the process for 20% down, and still maintain a note of \~$1800 a month (taxes/insurance included). + +&#x200B; + +The rental rates in Charlotte are more attractive then owning the home (not the case in Greenville) + +&#x200B; + +Plan B: Rent a home in Charlotte, \~$1800 a month, put the down payment on TWO properties in Greenville to add to my portfolio. After owning 3 properties there, the sweet spot are homes of about $150k that will net me \~$1400 -$1500 a month in rent. Essentially use my capital in expanding my portfolio and forgo owning a home completely. + +&#x200B; + +Leasing myself long term 2-3 years is not really an issue. + +&#x200B; + +Why I like option 2, Charlotte rental prices compared to owning your own home are not that much different. Also focus my efforts on portfolio and keeping the growth going in the same market. Option A, will set me back a couple years on down payments for portfolio. + +&#x200B; + +Anyone have any suggestions on what i should do? + +&#x200B; +I am currently looking to acquire a multifamily apartment complex, purchase price between $2.5M-$5M. I currently only have experience buying single family homes. + +I have read before that many of the deals you find on websites such as loopnet are terrible prices and are the deals that most other real estate investors reject. I was wondering what techniques you use to find deal flow and to evaluate whether or not a project is worthwhile. + +Here are the characteristics of a property that I am currently looking for: +> 6% cap rate or greater + +> Value add opportunity + +> Located in a growing city + +> Ideally urban infill location + +Not sure if this is something that is easy to find, but just wanted to get feedback from you guys. +Hey guys, + +A little bit newer to the real estate community as I hope to get involved soon. I’m trying to look for good deals in “good” locations but what makes a location good? + +What are the indicators that tell me it’s a safe location, up and coming, clean? + +Or what things in general do you look for in a location that you’re thinking about buying in? + +Anything helps. Thanks! +I understand the northern california campfire is a sensitive topic, this is purely in a investing standpoint and means no offense to anybody. + +&#x200B; + +A lot of houses have been burnt to the ground, i can imagine not everybody is going to rebuild. Is this a good opportunity to buy land? + + +PS i wonder if the water and electricity pipelines are still there +In the words of Will Farrell, I feel like I'm taking crazy pills! + +&#x200B; + +I've been looking at picking up 2-3 SFR in an up and coming market after I refinance my first rental property. I consider myself a newbie, but definitely a student of the process. I don't want to be the schmuck that blows all of his savings on bad deals. + +&#x200B; + +In doing my research, I've found countless examples online of people talking about their "normal" or "average" deal. Between BP and here, it seems like everybody and their brother are renting places out for $3000 a month that they picked up for $70k and it's now worth $300k after rehab or whatever. I'm trying not to exaggerate because I think that's an accurate representation of what I've been seeing. + +&#x200B; + +For example, I saw this on BP a while ago. Quote: + +&#x200B; + +"My SFR average 30% expenses per year, not including debt service. I use 40% when evaluating just to be conservative. Gross rent x .60 = Net Operating income. NOI minus debt service = Cash flow. Cash flow divided by down payment and acquisition costs = Cash on Cash Return %. I look for at least 10% COC, but I can usually find 15% or more. I've been at it for about 10 years, so this works for me." + +&#x200B; + +Using the above formula, I would have to snag $3k rent on a $200k property just to squeeze into this guy's "minimum" required return. But then, often, I'll see people cite the 1% rule as something that has worked for them (ie: Collect 1% each month in rent of the total home value) which to me seems completely reasonable. + +&#x200B; + +In my opinion, there seems to be a crazy amount of ego inflating and internet bragging going on in the RE space, but it makes it hard to figure out if these people are credible or if I'm really going to take a bad deal because I don't believe them. + +&#x200B; + +One thing that I never see referenced is the fact that rents as well as property values will (in most, if not all, cases over time) go up. The COC BP guy mentioned above is a good example. In my second year of ownership, my COC would be substantially higher because the closing costs won't factor anymore. + +&#x200B; + +I'm gonna end my rant here. Love you guys, truly. Have a great day. +First full year of being self employed. If I don’t have the cash outright for property what are my financing options?? + +I’ve asked some lenders and was told I need to wait until next year to have income history. This makes me want to get a w2 (lots of jobs hiring in my field, $100k+ salary) but then I wouldn’t be able to control my hours. +&#x200B; + +https://preview.redd.it/tpm4ze5xxbv71.jpg?width=942&format=pjpg&auto=webp&s=91da67ac889240c648d7b2a55419249fbbd8d73e + +[https://dockets.justia.com/docket/florida/flsdce/0:2021cv61719/598233](https://dockets.justia.com/docket/florida/flsdce/0:2021cv61719/598233) + +https://preview.redd.it/mimnnw9macv71.jpg?width=456&format=pjpg&auto=webp&s=66c6a47b407a3bb9c3d205689d2fccf252af7411 + +# This guy fucks + +&#x200B; + +https://preview.redd.it/7dih8cm0ccv71.jpg?width=596&format=pjpg&auto=webp&s=fd0b91b365bbf05e40d54989fcbed377bacffa47 + +https://preview.redd.it/x8uvbx4zxbv71.jpg?width=795&format=pjpg&auto=webp&s=97d6f462aac71080981d9dcbb5c9892a7b79b83a + +https://preview.redd.it/xuxu9x4zxbv71.jpg?width=818&format=pjpg&auto=webp&s=e9f5bb2769483fd046adc5375afb438a18d3b5b3 + +https://preview.redd.it/1pu4py4zxbv71.jpg?width=829&format=pjpg&auto=webp&s=b9671158bbc7f152f235295c617d6582af0eca5f + +# + +https://preview.redd.it/ujg8m3200cv71.jpg?width=914&format=pjpg&auto=webp&s=fe51bc1c771b49c170885352103fb2ced5dc7645 + +# + +https://preview.redd.it/4apbwl5t0cv71.jpg?width=930&format=pjpg&auto=webp&s=fba7fd3efd90b9472be98b7a4a49ddb16cee9f20 + +# I'M KEEPING MY EYES ON THIS CASE!!!!!! + +&#x200B; + +https://preview.redd.it/w7rg82q7ybv71.jpg?width=901&format=pjpg&auto=webp&s=f506ff9078b564a85cdb29cdc366d7f7fbfa387c + +# #SECknows + +You guys know what the DTCC does after they bankrupt a company through naked selling? They put the physical certificates into the PREM program where they destroy stock certificates.. They even brag about it on their website.. + +From 2010 DTC:[https://www.dtcc.com/news/2010/march/01/saying-goodbye-to-worthless-certificates](https://www.dtcc.com/news/2010/march/01/saying-goodbye-to-worthless-certificates) + +"DTC has been destroying non-transferable certificates since August 2004 as part of an initiative to reduce the certificates held in its vaults. When the shredding program began, DTC’s vault inventory totaled 4,213,278. At the end of January 2010, this number was down to 1,686,517, thanks in part to the one million-plus certificates DTC has destroyed since 2004. The ongoing reduction is part of DTC’s overall dematerialization plan aimed at eliminating all paper certificates in the securities industry." +I bought PLTR at around $10 seeing some momentum in that stock and already gained around 50%. + +When I bought it I just saw that it provides software for governments and allows patterns within datasets etc. + +Basically I have read some articles and understood horse shit. Big data?? + +I have seen that they have made a contract with an oil company which will help that oil company save around $1B. + +I know that PLTR is being extensively supported by the US govt and they won't enter the Chinese market, which means this company is never going bankrupt. + +And knowing Peter Thiel, this could be something huge. + +All I want to understand from you guys is how big a market PLTR is actually playing in? Which other companies do you think will eat PLTRs lunch(MSFT and AMZN seem very likely)? + +And if PLTR actually manages to pull off its game, how could it be impacting our lives? + +I kinda know what you guys will say, take profit and to never invest in something I don't understand, but please avoid this kinds of answers, because I know that.😅 +The tl;dr is that a bull case evaluation for XERS shows an upside of 206% with PT $14.70 and a bear case evaluation shows an upside of 28% with PT $6.18. Note that this does not factor in the possibility of a short squeeze which could increase the price past its fundamental value. Given the bull and bear case evaluations, XERS represents minimal risk with a lot of upside. + +# Gvoke/Ogluo + +Their commercialized product is an improvement on existing glucagon kits for diabetics who take insulin. Glucagon is a life-saving emergency treatment that is required when diabetics get severe hypoglycemia (extremely low blood sugar). Existing legacy kits have to be mixed before being self-injected, which is difficult for people and leads to many kits being administered incorrectly. Gvoke (or Ogluo as marketed in EU/Britain) comes pre-mixed and is auto-injected. It represents a clear and obvious improvement over the legacy kits. Non-legacy competition to Gvoke includes Baqsimi (a nasal spray) and Zegalogue (a similar epipen-equivalent). Baqsimi has the advantage of not requiring an injection but the disadvantage of having more severe side effects. Zegalogue is a similar product with similar pricing. + +6.8M diabetics in the U.S. take insulin, but only 641K glucagon prescriptions are filled annually. The glucagon market is growing rapidly now that it is becoming standard to prescribe it for anyone taking insulin. Given the standard price of $560 per prescription, the current market is $360M annually with a hypothetical total market opportunity at $3.8B. A conservative estimate would place the market opportunity at $1B by 2030, representing 11% CAGR. + +Legacy kits are being phased out in favor of their newer and improved counterparts, as their market share decreased from 100% in 2018 to 63% in 2020 to less than 50% in May 2021. Gvoke has rapidly increased its market share leading to 15.3% in May 2021, and its increasing at a faster rate than Baqsimi. It’s unclear how much market share will be given to the newly-released Zegalogue, but it’s at a disadvantage due to the year-long head start that Gvoke received in marketing to doctors and establishing a realized market. + +**BULL CASE: $800M** – I’ll use analyst projections for Gvoke sales for the next 3 years: $50M in 2021, $100M in 2022, and $150M in 2023. I’ll add 11% CAGR for each subsequent year until 2030, which assumes a sustained market share of 33.8%. I’ll estimate costs at 35% of sales and use 9% discount rate. Finally, I’ll add 10% additional cash flow for the EU/Britain market since it’s large but provides small profit margins. + +**BEAR CASE: $379M –** I’ll use 80%, 65%, and 50% of the analyst projections for Gvoke sales for the next 3 years. I’ll add 9% CAGR for each subsequent year until 2030, which assumes a market share of 16.9% that is slowly decreasing. I’ll assume the same costs and discount rate but add only 5% additional cash flow for the EU/Britain market. + +# Pramlintide/Insulin + +Pramlintide allows diabetics to better control their blood sugar, but it requires 3 daily injections before every meal. XERS’ product combines insulin and pramlintide, requiring fewer injections and reducing the amount of expensive insulin required by 30%. They completed a successful Phase 2 Trial and have a meeting scheduled in July with the FDA to discuss a Phase 3 Trial. They are looking for another company to partner with on the drug’s continued development. + +**BULL CASE: $121M** – I’ll assume 3 years until commercialization at cash flow -$90M with 50% chance of development success. If successful, I’ll use 75% of the bull case domestic DCF from Gvoke. + +**BEAR CASE: $14M** – Same assumptions except I’ll use 75% of the bear case domestic DCF from Gvoke. + +# Diazepam + +EDIT: Section removed due to incorrect information about their product. If you want to discount this product in the bull case evaluation, XERS' evaluation becomes $1.43B at PT $14. + +**BULL CASE: $50M** – I’ll assume 3 years until commercialization at cash flow -$90M with 50% chance of development success. If successful, I’ll use 50% of the bull case domestic DCF from Gvoke. + +**BEAR CASE: -$20M** – Same assumptions except I’ll use 50% of the bear case domestic DCF from Gvoke. + +# Rest of Pipeline and Technology + +There are other products in development, including glucagon kits for post-bariatric and exercise-induced hypoglycemia. Their XeriSol and XeriJect technology can be used to improve administration on a wide variety of treatments outside of the ones currently in development. In particular, XeriJect is used on monoclonal antibodies, which is a hot area of research right now based on its potential to treat cancer and autoimmune diseases. + +**BULL CASE: $150M** + +**BEAR CASE: $50M** + +# Strongbridge BioPharma + +Strongbridge BioPharma (SBBP) is being merged into XERS at the end of 2021. This will increase the number of shares in XERS from approximately 61.24M to 102.07M. SBBP’s commercialized product is Keveyis, which brings in about $30M annually. However, it may lose its preferential pricing in late 2022 which would significantly reduce its value. They have a number of products in development but the most exciting is Recorlev, a treatment for Cushing’s Syndrome which has a successful Phase 3 Trial. Its peak sales could end up being close to Gvoke. + +**BULL CASE: $379M** – I’ll start at $30M revenue for Keveyis with -20% CAGR until 2030. I’ll estimate costs at 35% of sales and use 9% discount rate. For Recorlev, I’ll assume 1 year until commercialization at cash flow -$25M with 85% chance of approval. If approved, I’ll use 60% of the bull case domestic DCF from Gvoke. + +**BEAR CASE: $208M** – Same assumptions except I’ll use 60% of the bear case domestic DCF from Gvoke for Recorlev. + +# Summary + +**BULL CASE:** The combined value would be $1.5B over 102.07M shares for a PT of $14.70. + +**BEAR CASE:** The combined value would be $631M over 102.07M shares for a PT of $6.18. +... being able to sleep when you want, be awake when you want, and not have to worry about that alarm clock waking you up for work too early in the morning. + +I have to say that control over my own sleep/awake/alert schedule has been the most joyous thing since reaching FIRE. + +Being able to devote my full conscious attention to things that matter is far better than any BMW or bling ever could be. + +With all this negative news lately I think we all could use a laugh. So ask me about any crypto in the top 100 and I will tell you why it is terrible and what you should get instead. Every answer guaranteed to be unique or you get your money back! + +Disclaimer: this is a joke and is not financial advice. I am guaranteed to be invested in some of the coins I roast, this is all for the fun of it + +Edit: wow this blew up. I will answer everything as soon as I can! +Edit 2: *chuckles* I didn't expect this many comments. I will answer everything as soon as I can but it could take a couple days to get through everything. +I am really enjoying this though, thanks for relaxing with me here! :) +**I've seen some comments in other threads that this is a shill post due to issues IEX is experiencing. I wrote this because of this tweet:** [**https://twitter.com/BetterMarkets/status/1381747873788932103**](https://twitter.com/BetterMarkets/status/1381747873788932103) **and the article it links to:** [**https://bettermarkets.com/newsroom/better-markets-files-amicus-brief-fight-against-predatory-high-frequency-trading**](https://bettermarkets.com/newsroom/better-markets-files-amicus-brief-fight-against-predatory-high-frequency-trading)**.** + +Relevant post: [https://www.reddit.com/r/Superstonk/comments/mq60r8/iex\_exchange\_down\_twice\_today\_in\_the\_space\_of\_30/](https://www.reddit.com/r/Superstonk/comments/mq60r8/iex_exchange_down_twice_today_in_the_space_of_30/) + +&#x200B; + +Hey Guys! + +edit: New format for legibility, it was a mess. + +**I was reading about:** + +The IEX (Investors Exchange): [https://en.wikipedia.org/wiki/IEX](https://en.wikipedia.org/wiki/IEX), this exchange purports to be an exchange that is friendly to retail investors. + +"IEX's main innovation is a 38-mile (61 km) coil of [optical fiber](https://en.wikipedia.org/wiki/Optical_fiber)placed in front of its trading engine. This 350 microsecond delay adds a round-trip delay of 0.0007 seconds and is designed to negate the certain speed advantages utilized by some high-frequency traders." + +Additionally they created the D-Limit Order to fight High Frequency Traders. + +[https://iextrading.com/alerts/?gclid=Cj0KCQjw38-DBhDpARIsADJ3kjkUf1YX2kUVNxyJ9ED4TMT-MwhzOcEl1yFsggqUlbU1ZC3WDQDMFsgaAtuMEALw\_wcB#/121](https://iextrading.com/alerts/?gclid=Cj0KCQjw38-DBhDpARIsADJ3kjkUf1YX2kUVNxyJ9ED4TMT-MwhzOcEl1yFsggqUlbU1ZC3WDQDMFsgaAtuMEALw_wcB#/121) + +&#x200B; + +**The possible DFV references:** + +On March 26th DFV made a few tweets that didn't seem to make sense. + +DFV tweeted Flash Gordon a possible reference to the IEX as detailed in [*Flash Boys: A Wall Street Revolt*](https://en.wikipedia.org/wiki/Flash_Boys:_A_Wall_Street_Revolt) by Michael Lewis. + +DFV tweeted a cat slapping a drone, which is a possible reference to fighting the robotic or Trading Algos. + +&#x200B; + +*Thanks to* [*u/TabrisSeele*](https://www.reddit.com/u/TabrisSeele/) *for contributed this link:* [*https://iextrading.com/trading/*](https://iextrading.com/trading/)*, it lists brokerages that will send trades to them.* + +***Common Question:*** "Hey how come I see Citadel listed on IEX's website?" + +IEX is an exchange, like the NYSE, people trade there. It doesn't make sense for Citadel to limit who they trade with, but they will have a disadvantage when trading there due to the "Speed Bump" time delay. + +&#x200B; + +*Contributed by* [u/OG\_simple\_rhyme\_time](https://www.reddit.com/user/OG_simple_rhyme_time) + +*This is from an article from one of the DDs from yesterday that appeared in 2015, who knows how bad its got since then:* + +*"In Connect, Citadel makes active retail orders it has bought from retail brokerages available to institutional investors and other firms.* + +*Very few stock orders that retail investors place with their brokers, such as Charles Schwab Corp, TD Ameritrade, or Fidelity, go through public stock exchanges, such as Intercontinental Exchange Inc’s New York Stock Exchange. Instead, the brokers send the orders to other brokerage firms like Citadel, or KCG Holdings, which trade against the incoming orders, and then send the leftovers to other internalizers, dark pools, or as a last resort, exchanges.* + +*By doing this, the retail brokers not only avoid paying fees to the exchanges for active orders, but actually receive payments and trading rebates from the off-exchange trading venues."* + +*All the brokers we think are clean, are doing all of retail very dirty. GLE* + +&#x200B; + +**How to route orders to a different exchange:** + +Seems even routing to NYSE or ARCA directly is better than the default for many brokers who use Dark Pools/Citadel as a standard. + +If you don't have a brokerage that will allow routing **DON'T PANIC.** It is not necessary for people to switch, no broker is perfect (I see your Dark Pool Fidelity!). Stay where you are, the squeeze will happen or not. This post was more about **AWARENESS** of the options you may have when placing trades in the stock market. + +&#x200B; + +**ETrade Pro** + +This is how I change it in ETrade Pro. I cannot find a way to change it using the WebPortal or Power ETrade. It looks like it is locked behind Pro account requirements. + +https://preview.redd.it/nkjcvav0ous61.png?width=1285&format=png&auto=webp&s=fa09121d0963cc389ff7ae47f517f24fa60b4178 + +**TD Ameritrade** + +*Contributed by* [*u/loldavelol*](https://www.reddit.com/u/loldavelol/) + +*TDAmeritrade offers Direct Order Routing to the Exchanges. "Direct Routing," as TDA calls it, allows you to select a routing destination for your stock or options order.* + +***It is a feature that must be enabled. It is disabled by default.*** + +*When disabled, all orders on TDA are submitted via* [*\["Smart Routing"\]*](https://www.tdameritrade.com/tools-and-platforms/order-execution.page)*, listed at the bottom of the page:* + +>*Execution quality statistics provided by S3 Matching Technologies* + +*Which, if is the same S3 that reports SI, was recently learned to be owned by Citadel* [*\[1\]*](https://www.reddit.com/r/GME/comments/me2xrj/the_s3_partners_ownership_rabbithole/) *&* [*\[2\]*](https://old.reddit.com/r/Superstonk/comments/mo2811/let_me_tell_you_the_tale_of_s3_partners_a/) + +*Once Direct Routing is Enabled, this allows users to circumvent Kenny G from poaching orders by routing orders directly to the exchange floor via IEX, instead of through Citadel and NYSE/ARCA.* + +*The downsides:* + +* *Orders may not get the best pricing (pennies on the share, TDA quotes savings $1.27 per 100 shares)* +* *Might be more susceptible to partial fills (IE: $135 for 10 might fill for 3 until 7 more are found).* +* *IEX is also only available during regular market hours, so no access to AM/PM trading.* + +*Unfortunately, on TDA, IEX orders have to be submitted from the Stock Buy/Sell Screen and cant be routed from SnapTicket.* + +***Conclusion:*** + +*If GME buyers started routing orders from their brokers through IEX then we would* *~~apply massive buying pressure to the share price away from the NYSE flow that Citadel Controls~~* *bypass Citadel as the MM.* + +*Bonus, Citadel sued the SEC after approving IEX as a pathway to the stock market.* [*\[1\]*](https://www.google.com/search?q=citadel+iex&rlz=1C1GCEU_enUS821US821&oq=&aqs=chrome.2.69i59i450l8.564081j0j7&sourceid=chrome&ie=UTF-8) + +>*“The SEC failed to properly consider the costs and burdens imposed by this proposal that will undermine the reliability of our markets and harm tens of millions of retail investors,” a Citadel Securities spokeswoman said in an email on Friday.* + +*Sounds like IEX is a threat to Citadel's position as an NYSE DMM.* + +*Contributed by* [*u/myco\_mage*](https://www.reddit.com/user/myco_mage) + +*I got my direct routing for equities on TD Ameritrade working. I guess I wasn't allowed to do it because I had something called "advanced features" activated The way you can tell is by going to client services>general>elections and routing And if you don't see a setting called "contingency triggers" under forex you have advanced features enabled. Contact TDA to get them removed* + +*Even with direct routing of equities enabled you won't be able to pick your exchange on the think or swim mobile app, choosing your exchange is limited to the basic TD Ameritrade app or the think or swim desktop application* + +&#x200B; + +**TD DI** *Contributed by* [u/aholl50](https://www.reddit.com/user/aholl50) + +*Hey so I looked into TD Direct Investing (TD DI) for Canadian apes using TD Canada Trust and it seems all US-listed equities are routed through the TD Ameritrade arm and are subject to TDA default best execution protocol. Unfortunately, I cannot find any information on WebBroker for choosing a different exchange when buying using TD DI. Seems like Canadian apes using TD DI don't have the option of switching exchanges in this case, hoping others can keep digging and find more info or a potential alternative versus switching brokers.* + +*Sources: (*[*https://www.td.com/ca/en/investing/documents/pdf/direct-investing/client-disclosure-best-execution-and-fair-pricing\_EN.pdf*](https://www.td.com/ca/en/investing/documents/pdf/direct-investing/client-disclosure-best-execution-and-fair-pricing_EN.pdf)*) page 5 covers US Equities this then points me to this TDA document which confirms the above info regarding the need for opting in to direct routing as described (*[*https://www.tdameritrade.com/retail-en\_us/resources/pdf/TDA100533.pdf*](https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA100533.pdf)*)* + +&#x200B; + +**Fidelity** + +Fidelity doesn't allow IEX, but pick another one, their default option goes through Dark Pools. This seems to be a proprietary Dark Pool, but who knows it's Dark in there. + +*Contributed by* [*u/Bot\_snot*](https://www.reddit.com/u/Bot_snot/) + +*I tried to look it up. Looks like it’s “directed trading”? I don’t see this exchange as an option though. I’ll look in ATP when market opens. The feature isn’t available to even poke around after hours.* + +*You can click “directed trading” here:* [*https://www.fidelity.com/products/atbt/help/ActiveTraderTools\_Trade\_Help.html*](https://www.fidelity.com/products/atbt/help/ActiveTraderTools_Trade_Help.html) + +*I found this* [*https://www.fidelity.com/products/atbt/help/ActiveTraderTools\_Trade\_Help.html#availableroutes*](https://www.fidelity.com/products/atbt/help/ActiveTraderTools_Trade_Help.html#availableroutes) + +*Contributed by* [*u/cioghosty*](https://www.reddit.com/user/lucioghosty) + +* *Download Fidelity Active Trader Pro here on PC or Mac:* [*https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview*](https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview) +* *Once installed, log into your account* +* *In the top Right, click Settings → Directed Trade* + * *Under STOCK DEFAULTS, change Default Routefrom AUTO to XNYS (the Market Identifier Code for the New York Stock Exchange)* + +*Screenshot by* [u/SpaceTacosFromSpace](https://www.reddit.com/user/SpaceTacosFromSpace) + +https://preview.redd.it/xz3uq8i4wys61.png?width=759&format=png&auto=webp&s=2c3eb79585b39d97c489dc2c676dec919302491e + +&#x200B; + +**IBKR** + +*Contributed by* [*u/LMD\_AU*](https://www.reddit.com/u/LMD_AU/) + +*IBKR - Reroute your buy orders to IEX Exchange - in order entry go to advanced - top left corner under "Destination"* + +*Contributed by* [*u/5tgAp3KWpPIEItHtLIVB*](https://www.reddit.com/user/5tgAp3KWpPIEItHtLIVB/) + +*I just checked IBKR, you can't "manually" route trades through the smartphone app, but you can when you use the full "trader workstation/TWS" application on PC.* + +*Contributed by* [u/osd775](https://www.reddit.com/user/osd775) + +*Ig default their buys through dark pools* + +*IG uses smart order routing (SOR) technology to search for liquidity across multiple venues, starting with 'dark pools' that offer mid-point matching – meaning you get the best possible chance of price improvements.* + +[*https://www.ig.com/sg/glossary-trading-terms/smart-order-router-definition*](https://www.ig.com/sg/glossary-trading-terms/smart-order-router-definition) + +&#x200B; + +**Charles Schwab** + +*Contributed by* [u/cisconate](https://www.reddit.com/u/cisconate/) + +*Hey guys, for schwab you need to use streetsmart edge so that you can switch away from smart routing. To do this you need to use Streetsmart Edge available here:* [*https://client.schwab.com/secure/cc/trade/trading\_tools/sse*](https://client.schwab.com/secure/cc/trade/trading_tools/sse) *Streetsmart Edge has to be enabled by calling Schwab and having it enabled (there are no requirements its just not enabled by default). and enable Direct Access here (no published requirements, but disabled by default):* [*https://client.schwab.com/secure/cc/trade/trading\_tools/direct\_access*](https://client.schwab.com/secure/cc/trade/trading_tools/direct_access) *The only options available are NSDQ (Nasdaq) and ARCA.* + +&#x200B; + +**Saxo** + +*Contributed by* [u/Nic0dk](https://www.reddit.com/user/Nic0dk) + +*Saxo bank traders IEX are used by default when using advance trading options like algo etc* + +[*https://csp.saxobank.com/news/press/saxo-bank-is-first-retail-platform-to-offer-direct-access-to-iex*](https://csp.saxobank.com/news/press/saxo-bank-is-first-retail-platform-to-offer-direct-access-to-iex) + +&#x200B; + +**Revolut** + +*Contributed by* [u/MercurioGenesis](https://www.reddit.com/user/MercurioGenesis/) + +*I contacted Revolut this morning, and they back off to DriveWealth LLC. Not had time o pick up the conversation with them, but it looks to be out of Revolut's control / options.* + +&#x200B; + +**Vanguard** + +Vanguard does not seem to allow changes to their "market center" settings. If you know otherwise please let me know. + +*Contributed by* [*u/pm\_me\_all\_dogs*](https://www.reddit.com/user/pm_me_all_dogs) + +*This says they use “market centers”:* [*https://investor.vanguard.com/investing/online-trading/orders*](https://investor.vanguard.com/investing/online-trading/orders) + +&#x200B; + +**WealthSimple** + +*Contributed by* [*u/Daddygrez*](https://www.reddit.com/user/Daddygrez) + +*Our trades are routed to our executing broker who then routes the orders to the exchanges accordingly* + +&#x200B; + +**Webull** + +*Contributed by* [*u/ChuyMasta*](https://www.reddit.com/user/ChuyMasta) + +*Response from Webull:* + +[*http://imgur.com/a/tLrd7zn*](http://imgur.com/a/tLrd7zn) + +*But Who knows if the rep knows what I was talking about.* + +&#x200B; + +**eToro, Robinhood (HA), others** + +Unknown, unsupported, if you have information, post and I will add it! +I'll try to keep this short. We wanted a very specific car that has not been in stock because of the chip shortage. Luckily, the dealership near us had the exact car coming in, so we went in to purchase it. + + +They came out with a contract that included a $2,000 charge for some GPS that the dealership adds to all of their cars. We told them we were not interested and got up to leave. They stopped us and brought out a new contract for just the price for the car, exactly what we wanted. We signed the contract. + + +While waiting to talk to the finance guy, we filled out the financing forms and they began to run our credit. While waiting, a manager came up to me and told me he will not sell me the car without that $2,000 extra thing. I told him I already signed the contract and you already ran my credit. He didn't care and he would not give me a copy of the contract.... + + +Anything I can do to get the credit pull off my credit account? I know it hurts my credit, so I'm really frustrated. I made a dispute with all 3 credit bureaus. Experian already came back to me and told me while the situation sucks it's technically not fraud and the best thing I can do is talk to the one that ran my credit, but I'm not so sure what that would do? Needless to say, I don't exactly want to be talking to them, but if I must (and if there is something they can do) then I will. + +​ + +Does anyone have any tips on how I can remove this credit pull from my credit? + +Edit : Thanks for all the replies. It seems it won't effect my credit as much as I thought. I'm just going to me moving on. And for those that asked, I'm trying to get a pacifica hybrid. +I included key economic data like unemployment, CPI, fed reserve effective rate, alongside basic stock market data (indices, stock futures, etc.) + +[Google Sheets Link](https://docs.google.com/spreadsheets/d/1J_s_P6XCjzesfot19i-WqsVTaaqtpMWcQoMSu_hUSqs/edit#gid=0) + +Let me know what other data I should input here that you would like to see. Also, I've never made something like this before so any advice or tips would be much appreciated. + +\*\*IF YOU WANT TO MAKE YOUR OWN COPY USE: [THIS LINK](https://docs.google.com/spreadsheets/d/1J_s_P6XCjzesfot19i-WqsVTaaqtpMWcQoMSu_hUSqs/copy)\*\* +I made this to help you noobs who dont know shit about stocks. This is part 1 of a series aimed at helping you guys have a fighting chance against wallstreet. Remember you are going against the sharpest minds in the world and you will lose. But you have me in your corner and im rooting for you guys, I believe in you + +Volume + +-A trend that moves on steady volume means that its likely to continue aka price is rising or price is lowering + +-Falling volume means that a trend is likely to reverse, whether price is going up or down, it applies to both + +-A burst of extremely high volume means that its trend is likely to reverse. Usually when the stock reaches its peak or when all of a sudden it crashes, keep your eye on the volume + +-If there is Low volume and the price stays the same, it usually means thats this is the new normal price. People are unfazed by slight price changes here, this is the new normal + +-A second price breakout after one just occured is usually marked by yet another high volume spike. It usually means losers are heading for the exit because theyve been bag holding and cant take the pain anymore or bulls are jumping back in + +-a price breakout in low volume means that its fake, the price will recoil + +-rising volume during a rally(after a stock crashed)means that even though the bagholders are leaving, new losers are coming in + +-When volume shrinks during a rally, it means that bulls arent as eager to keep buying at these high prices. Fuel is being removed from this ship. A reversal is imminent + +-When volume dries up during a decline, it usually means a reversal. That is the bears are no longer shorting and the intelligent bulls who got out a long time ago are ready to pounce yet again + +-As a rule of thumb, if todays volume is higher than yesterday’s, it means that a trend is likely to continue + +-Volume is relative, what is high for ibm may be low for apple. What is low for apple may be high for ibm + +-As a rule of thumb, high volume is 25% higher than the avg volume of the past 2 weeks and low volume is 25% lower than the avg volume of the past 2 week + +-High volume confirms new trends. If prices rise to a new peak, and volume reaches a new high, then prices are likely to retest, that is go below the peak and come back to the peak to see if it can exceed it or go back down. + +-If a stock falls to a new low, and volume reaches a new high then that bottom will also retest- that is go up and come back down to that bottom to see if it goes even lower or stays there + +-the true bottom of a stock occurs on low volume and is always retested at low volume. If it stays the same then this is a great buying opportunity + +-if volume shrinks during an upwards or downwards trend then that trend is ripe for a reversal + +-When a stock reaches a new peak than it was yesterday, but the volume is lower today than yesterday- this is a great shorting opportunity, that is: Now is the time to sell or time to buy puts + +- This does not work on a downwards trend as a stock can keep going down even with low volume. It takes buying to move a stock up, but a stock can go down on its own weight + +-Watch volume during a reaction against the upward trend(aka panic selling). If the dip continues but volume shrinks, it means bulls are no longer running or selling pressure is spent. When the explosion of selling volume dries up, then it means that the upwards trend will resume. This presents a good buying opportunity or to buy calls + +-Many downtrends are punctuated(occurs at intervals) by rallies(price goes up momentarily)which begin on heavy volume. These shake out weak bears which causes volume to shrink and gives a signal to sell short~ this means that short sellers are now sure that the stock will crater because no more rallies + +:thanks for the love. I just want to help people +:but i feel that the Reddit users with flair despise me because im teaching yall. So i want to level the playing field as flair helps you get taken more serious here. Ive asked the wsb mods for flair so i can reach a wider audience. If you guys want to help me out i ask that you mssg the mods and ask yhem to give me flair so i will get taken more serious by retail +Ty love you all + +Edit2 +Tomorrow stay tuned for my part 2, open interest and so forth for this week to complete the picture and arm you lovable losers with a complete straitjacket so you can swing your big cocks and tits at wallstreet. I am the most hated person here by most users with flair because they want to keep you ignorant. Youre just paper to them, not human beings. +Lets show them how paper can become money.......airplanes.......and eventually soar + +Edit3: check out my part 2: the basics and the philosophers stone on making fat stacks + + +Fly like an eagle🎶 +**Eth hits $325:** "Damn, that's a nice gain from the bottom, but I learned my lesson from last time when I lost all that money, I'm staying clear of crypto for good. Let those idiots see what it's like to lose 70% of their money LOL. Gonna get my popcorn ready." + +**Eth $650** - "Shit, I could have doubled my money if I got in at 325... oh well this can't go on forever, it will surely crash back down soon and you can't time the market of course. A bunch of my friends are buying in, I kinda feel sorry for them. Dave said he went 'all in'. Dave is such an asshole, can't wait to see him shut up about crypto real quick when this bottoms out." + +**Eth $1k -** "Ugh I really shoulda gotten in at $325. Even if I got in at $650 I'd be doing amazing right now. But this is where I bought in at last time and I can't afford to lose 70% again. Can't buy at the top again. Besides, there are so many shitcoins and my dad says it's all a scam. Dave won't shut up about how great that Lasik surgery he just got was. Fucking Dave" + +**Eth $2,500** - "Smart contracts are an absolute game-changer with endless applications across the world. Vitalik is the Steve Jobs of our generation. Sure I could have 9x'ed if I got in at $325 but when Eth hits $15k like reddit man said it would I'll be so rich and it won't matter. Putting my savings into crypto again! this will be different because I know much more about crypto now, I also picked up some BCH because Roger Ver is very good looking and you gotta diversify. John McAFee 2020! Lmao. Jesus Christ, another instagram post from Dave in Santorini? It feels like that guy is always on vacation." + +**ETH $1,300** - FUCK I can't believe this happened again. This is such a bubble. I need to get out before it goes even lower, I can't afford to lose any more. Time to sell. Dave says to ride it out, but thats easy for him to say, he got in at 325." + +**ETH $1,000** - I learned my lesson from last time when I lost all that money, I'm staying clear of crypto for good. Let those idiots see what it's like to lose 70% of their money LOL. Gonna get my popcorn ready. +This is now my 3rd complete crypto market cycle and I can honestly say some things just never change. + +Crypto has come a long way over the years; we have seen many technogical improvements, the rise and fall of ICOs, the era of the NFT, but one thing that hasn't changed is the absolute hysteria and panic of investors, particularly on this subreddit. + +No matter how much people are told to research things, complete DD and invest what they can afford to lose - every single fucking cycle we see the masses buying high, selling low and giving in to the raw emotions of FOMO and FUD. + +This is not the fucking end of bitcoin or crypto, this is a fucking Monday in the world of crypto. How many times have we seen this before and also how many times have the crypto 'news' outlets decided to mass release their crypto ending news at the same time as a dip? + +Crypto has always been manipulated to take advantage of the weak and nothing here has changed. Right now the market is at the prime position to buy. People were screaming for 30k BTC 6 months ago and now you've been given something even better. Will it come back up? Most likely! But what if it doesnt? Then maybe you shouldn't sell your house to fund it! + +If you believe in crypto long term then right now is an amazing opportunity, if you're around for a quick win then boy you are in the wrong place. The market cycle has always gone on and the longer you spend here the more you will trust it and ignore all the noise. +I'm of the opinion that we're well and truly into a recession. I work in the Tv and film industry and all my colleagues are feeling it. I'm a freelancer and out of the most recent projects I have done people are more concerned with price than anything else. This isn't usual. + +&#x200B; + +So before I'm forced to start living in a cardboard box I've decided I'm trimming the fat and thought I would share what I am doing and open up the discussion for others to share their ideas on living a bit cheaper. + +&#x200B; + +1. I've gone over my budget (business/personal) and identified the fatty areas. What is an absolute must and what can be put on hold for now. No more strippers or blackjack. +2. I've also reassessed any services I use and determine whether I can find a cheaper deal. ( I cancelled my plan with Telstra ($105/month) and got a new plan with Optus ($40/month). I made my wife chose between Netflix and Stan, she has until midnight tonight to decide. +3. To prepare for less work coming in I have also reassessed how "rich" I can run my business. I'm doing less driving, actually none at the moment, so I called my insurance company and changed my coverage over to 3rd party saving $180 over the year. I will also have more time to spend with my daughter so I have taken her out of daycare for one of her days saving $80 a week. +4. Stopped investing for the short term. I'm still putting away $100 a week but with the uncertainty hanging over where the next paycheck is coming from I have decided to put a stop to my weekly VDHG contributions leaving an extra $250 in my pocket. +5. Cutting back on the energy bill. We started contributing $20 a week to a power bill in advance for a discount of 10% by paying on time. Also, socks and jumpers are being worn about the house now instead of pretending we live in a Swedish sauna. +6. Food. I was shocked by the amount of money my wife had been spending on groceries. So we had a hard chat and decided it's time to give up the rib eye five nights a week and start eating cheaper produce. We can get two weeks of veggies at the growers market for $40-$50. bringing our food spending down from $600/month to $400. + +This may seem extreme to those that are used to getting the same paycheck every week. But this is not the life of a freelancer. You have no guarantees of getting work of being paid in a timely fashion. I'm still owed over $10,000 from the past month's work but clients can be real pricks when they have to hand over money and this makes my cash flow suffer. So I have been extreme but better to pre-emptively take action than to find myself in a pinch around a more important time like the Christmas period. I've taken our household budget down from $1373.00 to $853.00 saving $520/month. There are other expenses that I write off through my business that I haven't included such as rent/internet. + +If work picks up I can easily pivot back into a more lavish existence but after (hopefully only months) of living stingy I won't feel the need to waste my money. + +So what are some more ideas for saving money and trimming the fat? Who else is a freelancer and what would you do? +I am 27 years old with 5 years experience in IT working as a software engineer. I am being offered a full time position in an energy company in Brisbane for 135k + super. + +I started at 47k fresh out of university as a graduate developer. I have moved 2 companies. + +Is this a good salary for someone at my experience level after catering for inflation and strong job market? + +Update 1: I did negotiate from 125k to 135k and this is the final offer. + +Update 2: I have decided to reject the full time perm offer. +How is it that we can be confirmed to be in a recession and Jpow and the white house just change the definition and say "no it's not" and all the markets rally. Is it literally just they saw we all positioned ourselves for bad news so they're milking us? My reverse spy ETFs getting absolutely roasted and there's nothing but bad news. + +Before you tell me it's all priced in, then how are we still not THAT far off market all time highs? The fed has barely begun, if at all, their quantitative tightening that they said they would be doing. Is it just fuck retail? Like, we educate ourselves and prepare for what's coming and they say "oH No pEOplE ArE goNNa MaKe MoNeY" and the Fed and market makers force the markets to do the opposite of what they should? I literally don't get it. + +Can someone explain? +Just announced on a press conference by the Norwegian government. Sources: + +* [https://www.vgtv.no/video/233573/direkte-siste-fra-krigen-i-ukraina](https://www.vgtv.no/video/233573/direkte-siste-fra-krigen-i-ukraina) +* [https://borsen.dagbladet.no/studio/borsenstudio/608?post=86622](https://borsen.dagbladet.no/studio/borsenstudio/608?post=86622) + +Edit (28.02.22 00:26 GMT+1): Russian central bank has ordered block on foreign clients' bids to sell Russian securities. Source: [https://www.reuters.com/business/russian-cbank-orders-block-foreign-clients-bids-sell-russian-securities-document-2022-02-27/](https://www.reuters.com/business/russian-cbank-orders-block-foreign-clients-bids-sell-russian-securities-document-2022-02-27/) +We need more dates/timetables for when shorts need to cover by. More analytics here + +Focus your attentions in these two stocks only, stop promoting other nonsense symbols. We dont have a force if youre divided elsewhere. You profit more long term when coordinated +I'll be honest myself, I don't have a high opinion on Roger Ver (total a$$hole imo) and his bcash scam. I still believe in Bitcoin and I know sooner or later, it will rule the crypto world. However, we need a usable Lightning network A.S.A.P. to stop those manipulative pump & dump scams. + +I hope every devs that can help on this are working on Lightning at the moment. This is critical to stop the heist that Ver/Jihan and their cliques are triying to pull off on the clueless crypto n00bs. +For example if I buy a stock for 100 dollars, and then it tanks down to 90. Should I sell it for 90 if I could get it for 80 as it goes down? + +I understand that if it goes down to 90, but never goes lower — I could be out of my money. But in theory if I sold early during a dip and rebought it again later to lower my average — is that effective? + +The math confuses me sometimes, lol... +Hello again, FIRE community. + +Some of you may recall my previous post, [here](https://www.reddit.com/r/financialindependence/comments/i6lbc8/fi_genxer_about_to_re_in_18_months_first_post/). + +This post provides a promised check-in on my progress, and indeed there are some learnings and developments to share. + +*Overall situation update and other Background notes* + +**Things I neglected to emphasize in my last “introductory” post** + +* We are indeed a DINK household, or perhaps more accurately a SINK household as I’ve generated probably 90% of our combined wage income over the past 10 years. Obviously, having no kids greatly enables our FIRE pathway. I did mention this in the last post, but it didn’t get the appropriate weight. + +* Up until a month ago, we still lived in our “starter” home from over 15 years ago, which was very modest relative to my peer group. This was not our original plan. We just decided against the hassle of moving into a new, nicer home every time we considered it along the way. And not having kids, we weren’t forced to up-size at any point. I bought this home putting the absolute minimum down at that time, thinking that I’d get better returns in the market rather than putting it into the house. That ended up being true. + + +**Health Insurance Expectations** + +One of the stage-gates I wanted to pass through before pulling the RE trigger was for the Supreme Court to rule on the most recent challenge to the ACA. That happened, with the court effectively preserving the law. With that decision now on the books, I have more confidence in my RE plan, which does include buying health insurance on the market, likely with subsidies owing to modest long-term capital gains being my source of income in early retirement. + + +**New Home Search Completed** + +Another area I wanted to make forward progress on was looking for a new home. The objective here was to optimize our living situation for the long term: same metro area, same approximate size, but an overall nicer home in a quieter area, and to do it while I was still employed (for mortgage purposes). That effort … happened. And happened quickly. We made a decision that we’d buy (not build), started our search, found our ideal home, bid on it with the intent of winning it (which we did), and moved in, all in the course of about three months. I discovered, though, that the housing market here is completely bonkers. Buyers were bidding well above asking, waiving inspections, etc. I had to re-adjust my expectations on what our new home would cost, which negatively impacted my forecasted withdrawal rate. Fortunately we had a home to sell, and saw similar outcomes on the sell side, so the forecasted WR impact was surprisingly small. + +**Current job situation** + +In my last post, I indicated that a key near-term goal was to stay employed. Currently meeting that goal! But it’s definitely the case that my energy and motivation to do great work is at a nadir, knowing that RE ought to be less than a year away. The biggest way this is manifesting at work is me leaving my team to figure out solutions to problems that I’d ordinarily jump in and help solve right with them. This may actually be a superior management style in many of these cases -- it’s certainly easier on me, and probably a better learning experience for my team. Perhaps I’ve been managing the team the wrong way all these years. + +Because I’m anonymous here, I’m going to make the morose admission that work has been extremely financially rewarding this past year, precisely because it’s been such a Very Bad Year for the world. Without going into detail, our business model absolutely benefitted from the crisis, and even while running the business in an increasingly ethical (read: higher-cost) way through this pandemic, our results have absolutely dominated those of our competition. Consequently, bonuses were sky-high this year, which has further enabled our RE plans. This is a one-time effect (most likely) so it isn’t factoring into a higher go-forward opportunity cost when I RE. + +Finally, I’ve found that I’m thriving in the remote working environment, more so than I’d thought after over a year, and I somewhat resent having to return to the office shortly. This is a new, unexpected amplification to my RE goal. + +I should note that I don’t have much upward movement potential anyway. There is a “mold” for senior leaders where I work, and I do not fit it (demographically (age, sex), Meyers-Brigg). I’ve known this for the past 10 years. But, luckily, I had that realization concurrent with my focus to FIRE, so I toiled heads down, swallowed my pride, and worked as a curious outlier in the organization. So, still confident in my RE plans! I’m at the point now where I’m rehearsing in my head how I’m going to talk about “what I’m doing next” when I leave... + +*Financial Progress Report* + +**Overall Picture** + +Our net worth is currently $3.2M, not counting RSU’s I’d forfeit when I leave work. This is up from $2.4M at my last post. + +**Updates to Expectations - Spending** + +In my last post, I reported that our annual non-healthcare spending trend was $65K/year. But now, in my model, I’ve taken a different approach now to think about spending. Because housing and healthcare costs will change so radically in retirement, I’m focusing instead on projecting a trend in Discretionary Spending, and then layering in the new (higher) mortgage, new (lower) taxes and (higher) healthcare spending on top of that. + +So, some updated figures: + +* Five-year (pre-pandemic) trend in Discretionary Spending has been $61K/year. +* Pandemic year Discretionary Spending was $34K! + * We saw savings in Travel/Vacation, Home Improvement, Transportation, and an amorphous “Shopping” spending bucket that I was too lazy to sub-divide 6 years of transaction data into. + * Interestingly, not as much savings in the Food category. Savings in restaurants just shifted into groceries … I guess because we shop at the co-op for organic groceries. Interesting learning for retirement planning. + * Alcohol consumption was flat. Good sign for retirement I suppose. +* Pro Forma Discretionary Spending in retirement in my model is now $55K/year. +This is below our five-year trend owing to saving certain workplace-adjacent expenses, and certain learnings during the pandemic of what is truly important to us. + +**Updates to Expectations - Taxes** + +I had an egregious error in my model around tax liability. Basically, I didn’t correctly account for the full benefit of the standard deduction on our taxes (I applied the standard deduction to the full withdrawal amount, not the capital gain portion). This error had the effect of me withdrawing too much to offset those taxes. I am even more aghast now at how low taxes will be when income is solely long-term capital gains. + +**Updates to Expectations - I’m using the wrong model anyway** + +I mentioned this in my previous post, but the 4% SWR as a spending rule is likely going to be too conservative, in most years. Yes, that “in most years” phrase is doing a lot of work. I’ve recently learned about alternative spending models, including the Bogleheads Variable Percentage Withdrawal (VPW) approach, which prescribes a VERY high year-one withdrawal in my case. I have no intention of following that guidance. But it certainly builds confidence around my RE plans. In almost any conceivable lifestyle I’d expect to seek out, I’m confident I’ll be safe in my plans to RE next year. + +An interesting side-benefit of the VPW model is that it configures a safe withdrawal amount in the year following a theoretical market crash. And, that safe withdrawal level post-crash allows for a Discretionary Spending level in my model of $52K. So, even following a market crash, the VPW model gets me close to my $55K Pro Forma discretionary spending level anyway. + +**Punchline** + +In my last post, I forecasted a Spring of 2022 retirement with a year-one WR of 3.2%. Now, I’m forecasting that same Spring of 2022 retirement with a year-one WR of 2.7%. While I have a much larger mortgage now (a somewhat pricier house, and putting just 20% down), my taxes and pro forma spending have come way down in my model. Note, if somehow the generous ARP health insurance subsidies get renewed / carry forward, that alone would bring our WR to 2.6%. + +**Next Steps** + +I suspect the next meaningful update will be at my RE date itself, so Spring of 2022 according to this plan. + +In the meantime, while I’ve been researching ways to get more involved in the community, and have some thoughts there, I haven’t made as much progress as I hoped. Several of the programs and opportunities I’m interested in were put on pause due to the pandemic. I’m hoping I’ll have news to report here with the next update. + +Thanks for reading. + +**TL;DR:** The pandemic has had unexpected impacts (largely positive) on my retirement plans, and everything remains on schedule for a Spring of 2022 FIRE date. My fancy financial model is less useful than I thought. The housing market is bonkers. +While soaking in my fancy gym hot tub, I joined in an on going discussion about stocks and investment strategies. One gentlemen, a proclaimed stock broker for “Merril Linch”, was asked if he had any stock suggestions. The pompous ass replied saying something along the lines of, “it depends on your risk tolerance yadda yadda bullshit.” + +I couldn’t hold back anymore and jumped in, almost interrupting with, “GameStop, GME 100%!” The alleged stock broker looked at me with disgust and sank back into the steamy, bubbly, water. From there, however, the fun part began. It was game on. My opponent spoke up from across the steamy water. I finally had someone that invited the discussion on my favorite company ever. The very pale skinned gentlemen with curly hair asked me why I said that with such certainty. He was playing dumb but he was actually well versed in what was happening with our beloved stock. Anyway, I was extremely excited to speak and I didn’t know where to start! The endless stream of DD that I have ingested and digested all wanted to come out at the same time. I gave a large wave top discussion on why I believe our beloved stock is a solid investment and why I continue to buy (and DRS) more shares. He talked about bad earnings and I replied with how the company is focusing on building a solid foundation and bringing on a ton of talent from solid companies like Apple, Amazon…etc. I talked about the 2 massive distribution centers built and how the company sacrificed profit for customer satisfaction as shipping prices increased. It was a fantastic discussion where I was able to defend every argument he had against why he didn’t trust my investment strategy in my favorite stock. + +Sorry for being long and drawn out. My point is coming up shortly. + +The discussion continued for about 15 minutes going back and forth. After talking about synthetic shares and margin calls and derivatives, we finally agreed on that the whole damn system is corrupt. He then asked me, “why do you think you can beat the system!” Without hesitation I said, “BECAUSE THERE IS AN ENTIRE APE ARMY FIGHTING BESIDE ME!” We are smart and we are resourceful and we’re doing it because we believe in something bigger than ourselves. I love you apes. +[*^(https://i.redd.it/pgrm7s3y4hp91.jpeg)*](https://i.redd.it/pgrm7s3y4hp91.jpeg) + +https://preview.redd.it/x655hjhmnfp91.jpg?width=818&format=pjpg&auto=webp&s=0ecf088ab01e6f1630ff5c7a77368d56e22aa7a6 + +# Truly no disrespect meant to u/dlauer, but not all market ills were created equal: + +**Some ills are \*\*enabling/causative\*\* diseases:** + +* Example: FTD’s + +**While some ills are merely \*\*resulting/correlative\*\* symptoms:** + +* Example: PFOF + +# Think of it like this: + +* When someone suffers from a \**clearly curable*\* but \**potentially terminal*\* disease, the symptoms themselves are often the most gut wrenching to witness +* But the doctor who prioritizes treating those symptoms over the treating the disease itself, effectively signs the death certificate of the patient + +# Why treat an underlying, chronologically irrelevant symptom (PFOF), when treating the disease that enables it (FTDs) would cure them both in the same shot?: + +* [IMO, we would be wise to treat the disease first before even considering treating the symptoms](https://twitter.com/ryancohen/status/1344687817998401537) + +&#x200B; + +# Here are some thoughts from Dr. Susanne Trimbath PhD on the topic of FTDs: + +&#x200B; + +https://preview.redd.it/y743okixtfp91.jpg?width=1170&format=pjpg&auto=webp&s=828c3d802f8616bb9adcae499c86c8f04deba5b2 + +https://preview.redd.it/br4f4jixtfp91.jpg?width=1170&format=pjpg&auto=webp&s=4c4949e5c80efc30f8045ede4aa9083c96eb671a + +https://preview.redd.it/5up5ciixtfp91.jpg?width=1169&format=pjpg&auto=webp&s=8bb8c4b8f0527f15d3991f247b4380a10d41e101 + +https://preview.redd.it/ku8e8pixtfp91.jpg?width=1170&format=pjpg&auto=webp&s=12b057afdbc6c69193fa7523b25172d24ad8c78d + +https://preview.redd.it/c4yxlrixtfp91.jpg?width=1170&format=pjpg&auto=webp&s=edaa24e38341fda3e4debc248822afefb315f6cc + +https://preview.redd.it/dd2qooixtfp91.jpg?width=1170&format=pjpg&auto=webp&s=f531a1c28e561d8cb44fe9f28dbb2ce4719ece0a + +# ======== + +# EDIT: TL;DR: PFOF is merely a symptom, NOT the disease- the disease is FTDs + +# ======== + +# TL;DRS: + +# 🟣🟣🟣🟣🟣🟣🟣 + +# 🟣🟣🟣🟣 + +# 🟣 + +# DRS YOUR GME UNTIL YOUR FINGERS BLEED + +# 🩸 + +# 🩸🩸🩸🩸 + +# 🩸🩸🩸🩸🩸🩸🩸 +Tweets in order: + +“1/ There are a few key moments that define our future. One is happening now in the Senate w/ the infrastructure bill. At the 11th hour @MarkWarner has proposed an amendment that would decide which foundational technologies are OK and which are not in crypto. This is disastrous.” + +“2/ Senator @MarkWarner has asked for proof of stake validators to comply with the impossible, but not proof of work miners. Why? It’s not clear, but we could find ourselves with the Senate deciding which types of crypto will survive government regulation.” + +“3/ This is the government trying to pick winners and losers in a nascent industry today, where some new technology is being developed every month. They are guaranteed to get it wrong, by writing in a few exceptions by hand today.” + +“4/ Imagine if the government decided that iOS is OK but Android isn’t. And that software developers building on iOS can thrive, but Android is outlawed.” + +“5/ Our Senators are voting tomorrow on the future of innovation in finance and crypto in America. If they choose the Sen.@MarkWarner amendment, we will see future development of blockchain technology move offshore to countries like China that are currently embracing it.” + +“6/ Crypto is still in its early stages. Innovators across this country are working to make crypto networks better, enabling new apps like NFTs, smart contracts, and DeFi. These will bring enormous benefits to Americans, and help ensure our place as a financial hub.” + +“7/ If the U.S. fails to embrace the innovation happening in crypto, it risks becoming a financial backwater, missing out on one of the fastest growing sectors of the economy. Imagine if we had missed out on the internet, and the largest internet companies had been built overseas.” + +“8/ This debate in the Senate started because the govt sees the growing crypto industry as a source of tax revenue. We agree everyone must pay their taxes. There is no debate on this topic. But destroying some of the most exciting innovations in the process is unconscionable.” + +“9/ History will not be kind to any politician who tries to block American's access to new technologies. Americans have a very low tolerance for taking away our rights, and harming economic growth.” + +“10/ Contact your Senators and urge them to vote for the Wyden-Lummis-Toomey amendment and vote NO on the Warner-Portman amendment. Let’s keep crypto alive and thriving, we’re just getting started.” + +The link to his [Thread](https://twitter.com/brian_armstrong/status/1423744994444206092?s=21) + +Read more about the issue [here.](https://techcrunch.com/2021/08/06/crypto-biden-amendment-infrastructure-bill-proof-of-work/) +I see lots of comments regarding edge, many which revolve around how true traders won't share their edge because it could be countered, or something to that affect. + +True edge, is understanding how the market works. Understanding what makes buyers eager, or sellers step in. Understanding why buyers enter at certain levels and when sellers give up. Understanding why selling continues lower than the previous low. + +Being aware of market participants and what they are looking to do. A Goldman Sachs trader may be tasked with selling 5000 contracts of ES in one day. So that's what they're going to do. But he'll want to get those at good prices. So they may let price trade up, as more traders step in to buy, an uptrend is generating. And at some point the Goldman Sachs trader will see *value* in selling at these levels. And he may hit the market in one order, which may well push price down. Or he may incrementally sell, in large lots, which results in little downwards pullbacks, each time he waits longer for the upturned to continue before entering large orders, each time getting slightly better prices for his lots. + +Conversely, the market could be in a downtrend, other large participants are already selling, and price is falling. Market makers may be hedging due to option activity. So he's forced to enter his lots near the the bottom, without the time to wait for prices to retrace to a higher level for better prices. This results in further explosive downwards momentum as anyone looking to sell is worried they may not get a better price that day. + +Being able to identify what is happening in the market, and the interaction between buyers and sellers is **true edge**. *And it cannot be countered or eroded* because buying and selling in the market will **always look the same**. The market is a facility to introduce buyers with sellers, and buyers buy when price looks below value; and sellers sell when price looks above value. The rest are just speculators and algorithms. + +An edge, is not a secret formula. It's not a single candlestick pattern. It's not magical trick which will result in winning trades. There are backtested statistical advantages, which you may observe and be able to capitalise on, but learning what drives the market, what influences the market and how to identify when buyers or sellers are entering the market is your true edge. + +Market mechanics can absolutely be learnt and taught. Don't listen to anyone who thinks that *true traders don't teach anything because they have some secret formula which they cannot divulge*. It's not true. There's no secret. There is just time spent *learning to read the market and identify mechanics*. +Good afternoon my fellow apes, I would like to thank each and every one of you degenerates for giving me the courage to turn on options and go all in on AMZN and AAPL. Earlier today I was I was eating my ice cube sandwich watching as all of my puts on the SPY go down in flames cursing this wretched subreddit when I saw someone say that AMZN and AAPL were going to beat earnings today and me the sophisticated trader decided to put my last bit of my portfolio into calls for both of them. I would like to thank you retards for making me some money today. +My mom passed away leaving me $1.4 million. We grew up decidedly middle class (which is where my husband and I are too) so while I’m usually good with money I’m not used to handling this much. + +The money is a combination of my dad’s retirement accounts (401ks) that my mom inherited when he died and a cash investment account. + +Aside from paying off all my and my husband’s debt (mortgage and my car loan) and increasing my emergency fund to have half my annual salary instead of half my minimum expenses (which totals just under $100,000 for all it) I’m not sure what to do with the money. + +Should I leave it in the investment account? My mom was using the same financial advisor as my dad (not a fiduciary). A nice guy I’ve dealt with before. Should I take money out to supplement my income so I can increase my 401k contributions? + +My mom said she wanted me to be taken care of so I plan to not touch most of it while I’m working. + +TL;DR + +What to do with $1.4 million dollar inheritance, aside from keep quiet. + +Edit 2/4 2331 PST +Thank you everyone who took the time to respond. I really appreciate it. I tried to keep up and respond to as many comments as I could. If I missed one I’m sorry, but I did read it. I got some good advice, learned things I didn’t even think about, and had my perspective changed on other things. +I am now the proud owner of 1.66ETH lol... + +I started reading up on and being interested in the cryptocurrency scene back in 2011/2012. Bitcoin was about 1$CAD, a few friends and I talked about bitcoin every day. We were both unemployed last time and couldn't afford to get in. I talked to a few business owners I knew and tried to pitch a small mining farm using the Butterfly Labs ASIC unit but no one wanted to bite... I mean... come on right? Computer money? + +To make a long story short, none of us made a move and I have been kicking myself ever since. + +Not this time. Not again. + +I do have a job now, working for one of those business people I mentioned earlier. I just bought my first ETH and I'm going to see if I can convince him to buy in tomorrow. + +I believe in this. This is the future of currency and I want in on the ground floor. + +I dusted off my old coinbase account from the long long ago and just bought my first CAD$100 worth of ETH. (On a related note, is there any way to bypass the weekly limit and buy a larger amount?) + +Thank you Reddit and the cryptocurrency community as a whole for putting me on to this all those years ago and for keeping me in the loop throughout. + + + + +I am now the proud owner of 1.66ETH lol... + +I started reading up on and being interested in the cryptocurrency scene back in 2011/2012. Bitcoin was about 1$CAD, a few friends and I talked about bitcoin every day. We were both unemployed last time and couldn't afford to get in. I talked to a few business owners I knew and tried to pitch a small mining farm using the Butterfly Labs ASIC unit but no one wanted to bite... I mean... come on right? Computer money? + +To make a long story short, none of us made a move and I have been kicking myself ever since. + +Not this time. Not again. + +I do have a job now, working for one of those business people I mentioned earlier. I just bought my first ETH and I'm going to see if I can convince him to buy in tomorrow. + +I believe in this. This is the future of currency and I want in on the ground floor. + +I dusted off my old coinbase account from the long long ago and just bought my first CAD$100 worth of ETH. (On a related note, is there any way to bypass the weekly limit and buy a larger amount?) + +Thank you Reddit and the cryptocurrency community as a whole for putting me on to this all those years ago and for keeping me in the loop throughout. + + + + +I'm always really annoyed when something big happens while I'm sleeping. Like a hack, attack, unexpected development update or some kind of hard fork that went wrong. **I lose so much money by not being able to act instantly.** + + +For this reason, I'm **developing an app that will literally wake you up the second something bad (or good!) has happened.** Of course, it will also alert you when you are not sleeping ;) + + +The app will be released before the end of the year. + + + +**It will work like this:** + +- You set your favorite cryptocurrencies in the app + +- You set the minimum 'importance score' for when you should be alerted by an alarm, from 0-100. 0 means not important news, 100 means most important super urgent news. + +- You will get alarms for important events for your favorite cryptocurrencies + +- The app has a monthly fee + +- **News events are crowd-sourced** from regular users of the app: Users can report events. The first reporter to report a specific news event gets rewarded with a portion of the app's income. This is to incentivize reporters to report news quickly. + +- Reports get curated by my 24/7 team. We decide to accept or reject the news event. When accepted, the news event is pushed to the app's users (only then will the reporter earn money). This is to prevent spam, duplicates, FUD, and false news pushed by reporters. it ensures **high quality content**. We also assign the 'importance score', which is chosen arbitrarily, but expertly. + +- Please note that there will be a feed, so you can read all news events that were under your 'importance score' whenever you want. + + + +**Future upgrades:** + +- Different 'importance score' thresholds for different time ranges. For example, only alert me for news events that have an importance score higher than 70 while I'm sleeping. But alert me for news events that have an importance score higher than 20 while I'm awake. + +- 'Roadmaps' section, which shows the roadmaps of your favorite cryptocurrencies, with important dates. Reporters can also submit changes (and earn money) for this. You will also be able to set alerts for specific events like these. + +- Only get alerted for certain keywords. For example, if I only want to get an alert when OKCoin adds Ethereum, I will add a rule to include "OKCoin" in news item name. + +- The app will be built on Ethereum platform. Currently it is still a centralized platform, just because it is quicker to release an MVP (Minimum Viable Product) quickly like this. + +- Apple/Android watch support + +- Alerts other than alarms inside the app, e.g. email, sms, social media, etc. + + +**Questions:** + +1) Would you use an app like this? + +2) How much would you be willing to pay for something like this per month, if the quality of reporting is high? +I was a reasonably early adopter of bitcoin. In the last four years I invested small amounts of BTC after minor crashes and eventually made a small profit by investing long after dips and never selling. About 10 days ago I heard about ethereum, and I was so convinced by it, and by the difficulties that BTC was having, that I moved my entire investment over to ETH. It was a good decision and the price rose. I've spent the last 5 days or so obsessing over the price and watching this sub for signs of excitement. + +Today ETH value dipped significantly in a short space of time. I panicked. I saw a number of scary posts here in the daily thread - "There's a support at 160", "Here come's the correction" etc etc, and it spooked me. I went against my better judgement, and the judgement of the people here in this thread and tried to be too clever. I spent five hurried minutes converting my ETH back to BTC using Shapeshift, in a number of different transaction batches. While this was going on - the inevitable happened and the price moved back to the point where I had started selling a few minutes earlier. I quickly realised what had happened, and (with what felt like an age of a wait for the transactions to first go from BTC to ETH, and then again from BTC back to ETH) I moved my BTC back to ETH. + +All in all this panicked 15 minutes has set me back a little under 2 ETH. Despite being angry with myself I'm satisfied that I've learned my lesson, and now know that the way for the small fishes to win is not to take on the whales at their own game. In fact the way for small fry to spear the whale is to re-invest when a dip has happened. After 4 years of slow and steady profits today is the biggest days loss I've had, and it's because I tried to take on those with a whole lot more experience than me in a big game of chicken. The term 'hodl' here is thrown around regularly and I wish I'd properly listened. If you're new to this business as I am, please learn from me. If you believe in the vision and think it has value then play the long game and don't sweat the waves. +Hey, + +Wondering if you can give any advice on my S&S ISA allocations. Ive been buying and selling funds for the past 10 or so years, some years good (9%) and some years not so good (0.5%). I have mostly income funds now (Inc) but I got caught with my fixed interest bonds and the interest rate rise recently because they all fell in value before i could sell. (I take it these will come back with the funds purchasing new bonds at a higher interest rate?) + +My strategy was to spread across a lot of areas with a similar value but recently its been hard to buy into markets that are so much higher, for example North America. I just kind of cost average when the funds go down under what i bought them for and it mostly levels out. Any advice on what i should do with such a high cash (gbp) allocaiton would be much appreciate. Just looking general guidance on markets and purchasing strategy. + +&#x200B; + +**Cash 33.88%** + +&#x200B; + +&#x200B; + +**Fixed Interest (23.75%)** + +&#x200B; + +Artemis High Income I Inc 6.33% + +Code: BUH5.LN + +Artemis Strgtic Bd I Mly I 5.22% + +Code: BUI0.LN + +AXA Global High Income A Gr Inc 5.71% + +Code: KRHA.LN + +Baillie Gifford Emg Mkts Bd B Inc 4.08% + +Code: CJN9.LN + +JPM Gbl Hi Yield Bd C Gr Inc 2.41% + +Code: 0YDJ.LN + +&#x200B; + +&#x200B; + +**UK Equities (11.97%)** + +&#x200B; + +Artemis Income I Inc 2.54% + +Code: BUH6.LN + +AXA Framlington Mly Inc Z Inc 0.89% + +Code: 11VS.LN + +Jupiter Mthly Alt Inc I Inc 7.58% + +Code: 09Q2.LN + +L&G UK 100 Index Trust I Inc 1.93% + +Code: LT95.LN + +LF Equity Income C I£ 0.04% + +Code: KEBB.LN + +Vanguard FTSE UK Eq Inc Index A£ 0.16% + +Code: FPC7.LN + +&#x200B; + +&#x200B; + +**Developed Markets (8.76)** + +&#x200B; + +Artemis EurpnSusGrw I Inc 0.80% + +Code: 0DP1.LN + +Baillie Gifford American B Inc 5.06% + +Code: BG54.LN + +Baillie Gifford European B Inc 1.77% + +Code: BG58.LN + +Baillie Gifford Japanese B Inc 0.65% + +Code: BG42.LN + +iShares CntnentalEurEqIndx(UK) D A 0.48% + +Code: G6HV.LN + +&#x200B; + +&#x200B; + +**Emerging Markets (6.70%)** + +&#x200B; + +AXA Framlington Emg Mkts Z Inc 4.03% + +Code: 03TI.LN + +Baillie Gifford China B Inc 0.63% + +Code: FEB8.LN + +Invesco EMexChn(UK) Z Inc 0.03% + +Code: GUUV.LN + +JPM Emerging Markets Income C Inc 0.04% + +Code: M0W8.LN + +Jupiter Global Emerging Mkt I Inc 1.96% + +Code: 09QD.LN + +&#x200B; + +&#x200B; + +**Property (4.4%)** + +&#x200B; + +Schroder DgtlInfrstrct Z Inc 2.29% + +Code: MEM0.LN + +Schroder GblCitiesRealEst Z Inc 2.11% + +Code: Y875.LN + +&#x200B; + +&#x200B; + +**Other (9.38%)** + +&#x200B; + +BlackRock Gold & General D Inc 0.83% + +Code: FMP1.LN + +HSBC Monthly Income C Inc 8.01% + +Code: GTNM.LN + +Janus Henderson CtMng I I 0.51% + +Code: 0Z9Q.LN + +&#x200B; + +&#x200B; +I've got my family 7 seater that I've bought via bank loan and paying it down for another 3 years. Need a second run around, and not interested in buying something on finance/loan etc. + +Would like to use circa 1k to buy a solid second car that I can use for running kids around and maybe some commuting to work - c. 30 miles round trip. + +What's the best way to buy and know you're buying something reliable, when you don't have mechanical knowledge? +Hi All, + +I had to log in and check my student finance repayments for something at work today. I borrowed 41k and it’s gaining interest of around £250 a month at 6.1%. + +I graduated in 2017 and have recently got a job that means I’m paying off £15 a month. + +How on earth is this sustainable for government/university financial systems? + +Isn’t this creating some kind of bubble of debt, because i don’t know many students who intend on paying their loan off voluntarily and it gets written on after 30 years? + +Thanks +Hi, + +I have read through the flowchart but would appreciate some more input if that's okay. + +Basically I am a 33 year old childless male with £250k in my current account. I currently rent a room from a friend for £320 a month, my total expenses for the month are around £600. I work full time and earn £30k a year. + +I feel like I should be doing more with my money, my dad thinks I should buy a house but I'm not sure if this is a good time to buy with brexit coming up. And also I have no real "need" for my own house, I live a pretty spartan lifestyle, the most expensive thing I own is a laptop. + +I've not really thought about retiring early, I mean it sounds nice but it's not really a "goal" for me, basically I am a bit lost as to what I should be doing, I guess I want to continue to allow myself to continue to options and I feel my money is currently not in the best place for that. + +Would appreciate any advice +***''I wish I had kept my 1,700 BTC at $0.06 instead of selling them at $0.30, now that they're $8,00!''*** + +We probably all know what meme/comedy post I'm talking about, because it gets reposted every memeweekend. People are waiting till memes are allowed again, and reach the top getting thousands of upvotes with bad reposts who are at least 3 years old. + +This proposal therefore **limits the MOON earned from memes to 10% of the karma gathered.** This means that if a Memepost gets 5K karma, the OP will gain MOON over 500 karma. + + At the moment there's a strong disconnection between quality content and earned MOON. This is unfair to people that put effort into making well-thought-out quality posts. Other subscribers here see that it's really easy to get to the top with low effort copypasta memes, creating a snowball effect. + +[View Poll](https://www.reddit.com/poll/l1yjzw) +Am I missing something super simple here? + +What’s stopping the price of commodities going up another 5% to make up for the cost of a 5% increase to wages? Aren’t the price of the two correlated in some way? + +If this is the case then won’t we be back at where we started? +I am getting forced to take annual leave. The company decided it doesn’t want to have a large liability. But it’s not like I can go anywhere now. Should I just sell it? Or is there a reason why it is not good to sell leave that I am not aware of. +Hey everyone + +Just got a couple of questions re: HECS: + +* Does the inflation rate currently being 3.8% (as per one of the other posts) mean that our HECS balances will likely rise by that amount at the EOFY? + +&#x200B; + +* If so, I'm guessing its preferable to pay down HECS rather than put the money into a savings account. Heck, the interest rate for my offset account is currently at 2.5% - under this logic, I should pay back my HECS rather than put in extra to my offset. Does this logic check out? + +&#x200B; + +* I max out my super through getting my employer to contribute extra. This brings my income to a level where HECS isn't automatically deducted every month. If I ask HR to start repaying my HECS again (as opposed to me manually doing it), will that reduce my obligation to repay at the EOFY? I'm just conscious that last time I made after tax HECS contribution, I was told by the ATO I still had to repay the amount I would have had HECS been deducted (on top of what I had already paid after tax). + +Thanks everyone! +Pondering this and wonder what you all think: + +I know I don't want to fully stop working when I go FI RE -- but a big part of what motivate me to reach my goals now is the huge time commitment and resulting stress work involves for me. + +Does anyone else feel that FI/RE might be a bit less of an urgent goal if we had more work:life balance in our culture? + +I live in the US in a major city. Maybe it's different for folks in the EU? + +Don't get me wrong: I want the freedom and security of FI either way. The RE part is more related to the lifestyle and stress. +My partner and I own a house in Yorkshire valued at around £900k. We purchased for around £500k in 2017, renovated, and now have around £335k left on the mortgage. We’re also lucky enough to have fixed for 5 years in March this year at 1.68%, before rates skyrocketed. We could probably pay off a good amount of the outstanding balance with savings. + +We’re in our mid-30s and have our first baby on the way next year. Appreciate we’re in quite a privileged position, though we worked, saved, invested and renovated to get to this position, with no inheritance or particular helping handouts. + +I will earn about £85k this year self employed (this could go up or down), and my partner around £60k, though a baby will impact things short and long term. + +Thinking of moving house soon and the question of whether we buy a slightly cheaper house and be mortgage free, move to somewhere similarly priced, or go up (perhaps towards £1.1m) has arisen. + +So, what would you do? Continue to hopefully reap the rewards of appreciating house values, or will the peace of mind of living mortgage free be a irresistibly liberating experience? +Hello r/investing. I was inspired by u/galloog1 to do a similar survey to the one they did. The plan is to ask r/investing what stocks they believe are underrated, consistent winners that have done well for you, and then keep track of a paper portfolio in Investopedia that contains the top 10-20 suggestions and report the results in a year. + +In order to make this a bit easier to implement and track I'd like to suggest some guidelines for submitting. + +1. Your suggestion should be a company that you believe is an underrated, consistent winner. + +2. Only one submission per comment. You can make multiple comments, but please only submit one stock per comment. + +3. Please include at least the ticker and the company name. Feel free to explain why you think this is a good stock. + +After roughly 48 hours I will take the top 10-20 results and make a list in order of how many upvotes each one got. I will then take these results to Investopedia's simulator and start a game with a portfolio of $1,000,000. I will buy each stock in proportion to how many upvotes each one received and leave as little cash left as possible. For anyone who isn't familiar with Investopedia it keeps track of dividends, commissions, and interest, among other things. I believe I can post a link to the Investopedia portfolio so that everyone here can view its progress whenever they please. Also, it's an open game. Feel free to join and see if you can beat the r/investing community. + +[Here's a link to the Investopedia game](https://www.investopedia.com/simulator/portfolio/?gameid=431492) + +The game starts in two days. I set the commissions to match what Vanguard charges for a portfolio of $1,000,000. +So the DTCC just shafted dozens of international brokerages around the world. What’s that mean? +1. They didn’t deliver the shares required in line with GameStops Spilt Dividend. Why? + +2. They can’t find the (Billions probably) fake shares floating in the ether. + +3. (IMO) they purposely and dishonestly and with some malice towards ‘dumb meme stock apes’ committed international fraud to prevent MOASS, but more importantly protect the $73 trillion insurance fund. + +4. So what happens to the brokers that issues a straight forward stock split? They are all bankrupt and they probably know it! At the moment it’s a case of deny deny deny, nothing to see here. But in the up stairs office, they are sh*tting it. Why? Because they have to buy the outstanding shares on the open market during MOASS. All bankrupt, every last one of them. Shafted by the DTCC. +5. So why has the DTCC f*cked up? They went international. We all know the SHF’s , SEC, DTCC, MSM, Politicians are all corrupt AF in the U.S. They can’t rely on ‘donations’ or a quick lunch to buy their way out of this one! If I owned a brokerage outside the U.S I’d want blood for putting my whole business in dire straights. I’m not going to buy 50 million shares on the open market at €40.2 because some knob at the DTCC shafted me. + +Be patient Apes, in the 18 months I’ve been hodling with the ups and downs, depression to hope to excitement to frustration. World wide brokers WILL NOT be holding the bag on this one. THIS.IS.IT. +Hi all, + +That title sounds miserable doesn't it lol. + +So here is my situation: + +- I currently have no job due to my last contract finishing and the contracting market has dried up right now due to the IR35 stuff. + +- My plans were to travel to South America for a few months and take a break after numerous years put into work to make myself an expert. + +These travel plans are now on hold (self imposed) due to Coronavirus. It doesn't seem safe to travel anywhere out of the UK while this is going on. Listening to health experts it seems like this virus will be around for quite a few months. + +Here's the good news: + +- I'm still healthy and able. + +- I live in the UK so if shit hits the fan with coronavirus at least I am in a decent-ish country. + +- I have 6 months worth of toilet paper. + +- I am in my mid-thirties, male, single, and living in London. + +- I have about 2 years worth of savings for a rainy day. It sounds a lot but I worked out my annual cost of living for a year and it seems like my savings pot can cover for two years. I live quite simple/non-extravagant. + +- I saved up around £10k to travel for a few months - maybe up to a year. + +- I have about £20k saved up in my pension pot. + +- I paid off my mortgage last year so at least there is a permanent roof over my head. + +What would you do in my situation? + +I guess my main problem is what to do with all this time in my hand. + +Currently I am trying to find a short-term contract work until the virus clears up and then look to take a proper break and go travelling. + +Other than that I keep myself occupied with a few hobbies that make me happy. It's about 2-3hrs a day. + +The work situation is a bit tough though and also I am not used to being out of work so feeling a bit anxious even though I have no need to be given my savings for a rainy day. It's just that the rainy day has arrived. + +I am reading books and things to keep myself 'active' but I still feel anxious and am trying not to fall into bad habits. + +Any advice would be welcome. +I ask because i just tried setting up a vanguard account and saw the minimum was a thousand dollars. I have a good safety net in my bank and very little debt, but I still don't feel comfortable throwing a grand into an account. I'm not trying to get rich, but I'd at least like to make some "passive" income comparable to interest i might accrue with money into a savings account. + +Edit: forgot about betterment as well. + **The "Meme Stock Basket"** + +The existence of a "Meme Stock Basket" has long been talked about, and [u/criand](https://www.reddit.com/u/criand/) has posted excellent DD on the theory of SHF using swaps to discreetly short these stocks in to the ground. I lack the intelligence to talk about this in any great detail and would urge you to read the previous DD for more details on this. + +Following yesterdays run up, starting with bathroom off the back of their share buy back program acceleration, it became glaringly obvious that all the other "meme stocks" were also moving in tandem, which confirmed my bias on the basket theory. + +I acknowledge this is a GME only sub, however the intrinsic link between these unrelated companies and their stock prices is to high to be ignored. + +&#x200B; + +**What the fuck is a meme stock anyway?** + +This is an endearing term given to these stocks by MSM. I believe it was coined to cast a negative sentiment on a group of stocks that their hedge fund buddy's are in a tough spot in. + +&#x200B; + +**Retail Sentiment** + +The basket is thought to move in cycles and we have seen this to be the case. + +What I have noticed is several attempts to push fake retail sentiment in to the sub(s) which I believe is intended to mask the fact that the increased volume in times of price spikes is being driven by retail. + +We have seen original sub go up by millions of accounts, the korean ants, crypto gang, the r all push last week and movie stock searches being massively up in China. + +These seem to pop up always around the time of a jump in price. + +&#x200B; + +**Ryan Cohen Twitter** + +I love a bit of tin foil rabbit hole as much as the next ape but perhaps we have been over theorising the meaning behind these tweets. + +If you take a step back and look at them in the context of the "Meme Stock Basket" it becomes clearer that RC could be aware of its existence and has been pointing them out to his followers all along. + +I have gone through all the tweets and whilst there are some I cant quite connect, I believe the below maybe a fit: + +&#x200B; + +https://preview.redd.it/m9n05gcprdx71.png?width=1739&format=png&auto=webp&s=5e238ad269d7f89a31ac0236249a68cd3e220ae4 + + Peaks Jan 27: + +&#x200B; + +https://preview.redd.it/68mnosxqrdx71.png?width=602&format=png&auto=webp&s=49b866d0d7dce73af6bae5825054fd7e4770c28c + +&#x200B; + +https://preview.redd.it/zoba79mrrdx71.png?width=1532&format=png&auto=webp&s=57507dafc3ee9f3d985b3fedfd02e4d632f98f38 + + Peaks Jan 27: + +&#x200B; + +https://preview.redd.it/8s3ct42trdx71.png?width=563&format=png&auto=webp&s=0a8239c3ed0e2dd44878b8a779398c43029f585d + +&#x200B; + +https://preview.redd.it/xzepldstrdx71.png?width=1575&format=png&auto=webp&s=27490407a276809351dac71d022aca84882a4e17 + + Run up begins Jan 27 to peak 10 Feb: + +&#x200B; + +&#x200B; + +https://preview.redd.it/bbmr2y9vrdx71.png?width=427&format=png&auto=webp&s=c9f56901381c430110d0f4799ba82005c7b6028c + +&#x200B; + +https://preview.redd.it/xngty2zvrdx71.png?width=1577&format=png&auto=webp&s=b5d54c948e25140c0ca35cd892cf1c7c9e1b9d34 + + Peaks Jan 27: + +&#x200B; + +https://preview.redd.it/8r2l3t9xrdx71.png?width=602&format=png&auto=webp&s=f3841b5e9a2b203194c0061cb01c63a6af1d5177 + +&#x200B; + +https://preview.redd.it/ur0avxiyrdx71.png?width=1606&format=png&auto=webp&s=652c59ecea84f4e3a63fe290d8f3aee55673d378 + +https://preview.redd.it/z7lrcz09sdx71.png?width=602&format=png&auto=webp&s=4e04708d71a2b048f2fe77ab7ec4546fe34b76a2 + +&#x200B; + +https://preview.redd.it/3yd8e7s9sdx71.png?width=1607&format=png&auto=webp&s=af6dfed36529aa848c6c9602b6e069f02aa53f5b + +https://preview.redd.it/xfiq4xkasdx71.png?width=1604&format=png&auto=webp&s=ec16214d16c9467bbd98d1554bc183459af8ff73 + +&#x200B; + +https://preview.redd.it/m4jllelbsdx71.png?width=1606&format=png&auto=webp&s=aa80d93c358d2d38c91622b1f2846aed356e62d9 + +https://preview.redd.it/qylljbrcsdx71.png?width=1605&format=png&auto=webp&s=1e0653dab454ba5d443b5dfe3597d04e705bf72e + +https://preview.redd.it/x4ng4xvlsdx71.png?width=1600&format=png&auto=webp&s=b897966534cc5a3c14e0770a8d0bff42c82b40d4 + +https://preview.redd.it/dziqocrmsdx71.png?width=1597&format=png&auto=webp&s=d62059dc7e2d75b134621b0a928812c603c90db4 + +&#x200B; + +https://preview.redd.it/zgl9uc9rsdx71.png?width=1606&format=png&auto=webp&s=5c22e77c213944086b84c6d9be68846169e44864 + +&#x200B; + +https://preview.redd.it/515upd5ssdx71.png?width=448&format=png&auto=webp&s=7ac63bc0bb7c006f02913705890ea17ea98af7ef + +&#x200B; + +https://preview.redd.it/8rafuf3tsdx71.png?width=1586&format=png&auto=webp&s=9f55d820fe5a8f7b954e0f047e5cb1f5b19d8bea + +&#x200B; + +https://preview.redd.it/jwgzgafusdx71.png?width=1641&format=png&auto=webp&s=060a79c4d49bbacf48808308b63e888dd7ebefe4 + + + +My takeaway from looking at these again is that RC is fully aware of the basket and has been alluding to this throughout the saga. + +I firmly believe that GME is the main play here, it is unique in regards to the short interest, low float and retail sentiment. + +This basket is getting heavy and any one of these, as shown by yesterdays run, could spark the catalyst needed to kickstart the MOASS. + +BUY HODL DRS +http://www.theatlantic.com/business/archive/2016/05/american-financial-hell/481107/ + +Another article in the *Atlantic* series on financial insecurity. This one argues that it is the costs associated with raising children, especially education and housing, that is driving financial insecurity. The interesting part of the argument is that she links housing costs to good school districts. Parents want good schools for their kids, and will stretch their financial capacity to buy a house in a good school district. She points out housing and student loans are the largest debts that Americans carry. Furthermore, she cites statistics that childless adults are far more likely to build up their wealth. + +It is an interesting article with some great links to informative sources. FWIW, I'm a parent and can attest to much of the article. Being a parent puts you in some nasty dilemmas financially speaking. For example, when we were childless, my SO and I were living in a $800/month downtown loft. When we had a kid, we found a relatively cheap housing in a good (but high tax!) school district and went to having a $2000/month mortgage. Then we faced the stay-at-home parent vs. childcare dilemma. It made more financial sense for both of us to work, but daycare costs $800/month, a completely new expense for us. Still, we are doing OK by the primary FI metric. Our SR is 47ish %. + +Now for those of you who are childless and swear after reading this that you'll never have kids, she also cites research that parents report a higher level of overall happiness. Another dilemma! + +Thoughts? +I've invested a significant (for me) amount in ETH over the last 3 months and I've built a decent (for me) stack over that time. Mostly purchasing it outright but also to a lesser extent I have mined some. + +So fast forward to last weekend and the price is rising steadily and hits $250. I think to myself, " It's gone up this much, I think it's due to pull back a little". So I transfer my balance to an exchange and sell about 20% (4 ETH) for $1000. + +And then, of course, the price continues to climb. So I just bought back in and got 3.5 ETH for $1000... + +Transferred it back to my wallet where it shall remain... + +So basically I just spent .5 ETH teaching myself a lesson. Lesson learned! I don't have the stomach for trading and just need to be a dumb HODLR. + + + + +Queue price drop to $200 + +Edit: clarification +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! + +If you’re asking if you should buy now you’re not going to buy anyway. + +When price goes up you’ll say you should have bought the last time you asked and will ask again if you should buy now. You won’t. + +When it dips you’ll be too scared to buy because you’ll think it will dip more and you won’t buy. + +When it comes raging back to all time highs you will repeat this cycle. + +Too the rest of you. Cheers! +Could this increase of interest indicate the approach of a new bull market? + +[https://www.cryptovantage.com/news/buy-crypto-searches-are-at-their-highest-since-2017-bull-market/](https://www.cryptovantage.com/news/buy-crypto-searches-are-at-their-highest-since-2017-bull-market/) +ETH, Litecoin, and BTC just took a dump. Could it really be Bitcoin cash (which is untradeable on coinbase currently) causing it all? + +Good time to buy? +How Does China Manipulate Its Currency? (3:27) +https://www.youtube.com/watch?v=Qy1V7tWpTGY + +Interesting quote from the video at the 0:47s mark: "The value of a currency is essentially dependent on how much or little it is used." + +I am not sure how true that quote is, but if it is true, this explains why Ethereum will remain the same value for a while longer. Yes, we hear good news and amazing developments everyday for Ethereum, but none of the new stuff is causing people to use Ethereum. I think the only people using crypto currencies right now are in East Asia. We are going to have to wait 2+ years before Ethereum becomes practical for other people to use. Be patient +If I’m remembering that correctly and GameStop told the SEC “hey we’re giving out a dividend after our earnings”. Just a theory but. Wouldn’t the SEC and their many moles tell all their friends at Shitadel and elsewhere and they would start driving the price down as much as they could before earning? + +Starting around the last days in November to Dec 8. + +Because let’s be honest. You know the SEC would most likely give SHFs a heads up if trouble was a brewin. + +Buy, Hodl, DRS! + +Also not sure if I’ve reached the auto mod requirements yet so I’m gonna rabble on for a spell. + +Rabble rabble, rabble rabble rabble. Toil in trouble. Rabble rabble rabble. Bubbling something. Idk + +EDIT: not financial advice or anything. Just ravings of a lunatic.. Luna-tic. Gonna grab that moon and never let go +We're all about to make life changing money, no doubt. But I think most people here that held from 400 down to 40 are seriously overestimating their ability to diamond hand this. Holding on the way down after unrealized losses is easy peasy after abstaining from taking life-changing profits when you can. Once millions are in your face, just ready to be taken, you will be the most susceptible you've ever been to FUD. You will be pulling hair out trying to decide if you should jump ship or not. It will not be easy. + +Make no mistake: **This will be the single most difficult thing most of you have ever had to do**. + +Can you do it? I have no idea if even I can. Whatever money you make, that's what you deserved. Only the strongest will come out of this on top. Prepare your minds now. You don't want to be unfit when riding a rocket ship. + +Edit: If you bleed off even 1 share before the floor, you's a paper handed bitch. But enjoy your tendies anyway, apes. I love you all! +So I have a former coworker who showed me his value of his various accounts. He’s up to half a million already and he’s only in his mid 30s. Here I am 41 and I am just now reach 100k. I don’t know jack about stocks. I just put my money into S&P 500 index funds as recommended by Buffet. I mean I guess slow and steady can still win a race, right? But when I see a guy younger than me doing so much better it makes me feel horrible. He picks individual stocks. I ask him about what it is he is doing that he keeps getting so lucky on his picks and he’s always very coy about it. Just says he just knows how to spot waves and rides em. I dunno, seems like he has some kind of ace up his sleeve but I can’t figure it out. I mean are there any legit services that help people get an early heads up about hot stocks or something? I always see those services advertised by Motley Fool like their stock adviser service. Are things like that worth looking into? Or is it better for me to just stick to this s&p 500 thing since I really don’t have time to monitor a bunch of individual stocks and do the constant research? Sorry about my rant. Just kinda feeling sorry for myself lately. +So I’ve noticed a strong trend developing of people asking quite legitimate questions of BTCs future and that of wider crypto, only to be met back with half baked platitudes, that those of us in the community have heard many times before. Despite this, there are some serious questions that the BTC community need to consider. I’ve detailed below a series of real life (not technical) issues that face BTC. If anyone can respond to them with genuine logical responses then please do so. If you feel compelled to reply with something like, ‘this is fud’ or ‘your comment is a buy signal’ or ‘we have seen this all before’ then just pop your self back in the poorly informed box from which you came. + +1. This time ‘is’ different. BTC has never witnessed a macro economic environment like this before. This is a fact. BTC performed as a ‘risk on asset’ only and is strongly correlated with the likes of the NSDQ. In an environment that may see major indexes like the S&P, Dow, NSDQ fail to return ATH across a 10/15yr period, what would this mean for BTC? + +2. The ‘institutions’ are not coming. BTC took 10yrs to attract a comparatively slight level of institutional interest. Following significant issues around ESG compliance, repeated frauds and scams ala Tera and FTX etc as well as a lack of regulation, it is likely that institutions will struggle to regain any foothold within the space ever again. + +3. ‘We have seen this all before, Mt Gox etc’ No we haven’t. Never before has so much been lost by so many, in an environment that was already being lined up as a target by regulators. The core argument here being that the actions of a few ‘crypto’ bros have likely damaged the space so irrevocably that the coming regulation is likely to be punitive in the extreme. For retail it is highly likely that regulators will seek to control all on and off ramps making it near impossible to own or realise any gains. For institutions it is likely that the regulation will be designed to limit / prevent adoption. There will be no ETF, ever. + +4. Energy usage is an issue regardless of the facts of environmental impact. The energy price is not stabilising and is highly unlikely to do so under the current geopolitical conditions. This is now leading to a declining hash rate. This combined with little price action will lead to stagnation. + +5. What’s the narrative? As much as the maxis believe in the BTC gospel of freedoms and pharmaceutical grade money (I count my self within this) the only thing that has brought new people to the space is price speculation. With the above being true and the potential for little positive price action across a significant timeframe, what is the narrative that would bring new people to this space? +Tech war has begun. West vs China. “With the latest action, the chasm between the US and China has now expanded to the point of no return,”. + +Are western governments really willing to throw unlimited money at domestic semi conductor fabs until the industries are completely independent? Is this like the space race all over again? + +>In August, Mr Biden signed the Chips and Science Act into law which pledged $52bn to revitalise semiconductor manufacturing in the US. + +>The bipartisan legislation was seen as essential to national security interests to reduce the dependence of Taiwanese-made chips, which account for around 90 per cent of the market. + +https://www.independent.co.uk/news/world/americas/us-sanctions-china-semiconductors-industry-b2202941.html + +US sanctions on Chinese semiconductors ‘decapitate’ industry, experts say + +Mass resignations of US staff are ‘paralyzing’ Chinese chip industry + +The Biden administration’s sweeping new export controls aimed at cutting off China from obtaining chips used in supercomputers has caused the “complete collapse” of the Communist country’s semiconductor industry, according to one expert. + +“This is what annihilation looks like: China’s semiconductor manufacturing industry was reduced to zero overnight,” Lidang, CEO of Hedgehog Lab, said in a Twitter thread. + +Rules announced by the US Department of Commerce last week restricting “US persons” from involvement in manufacturing chips in China had led to mass resignations of American executives from Chinese firms. + +Lidang said this had the effect of “paralyzing Chinese manufacturing overnight”, and that the industry was in “complete collapse” with “no chance of survival”. + +The rules which came into effect on 12 October would bring severe damage to “Chinese national security as a whole”, Lidang said. + +“This is nothing like the 10+ rounds of performative sanctioning during the Trump years — this is a serious act of industry-wide decapitation.” + +The US Commerce Department said in a statement announcing the new controls that they were in response to China using supercomputers and semiconductors to create weapons of mass destruction and commit human rights abuses. + +“The threat environment is always changing, and we are updating our policies today to make sure we’re addressing the challenges posed by (China) while we continue our outreach and coordination with allies and partners,” Under Secretary of Commerce for Industry and Security Alan Estevez said in a statement. + +Semiconductors are used in everything from cars to refrigerators, and are increasingly important in artificial intelligence and advanced military programmes. + +Among the new measures were requirements for companies to have licenses to export high-performance chips used in artificial intelligence and supercomputers, and restrict US companies from exporting machinery used in manufacturing chips to China. + +Any companies that violated the sanctions could face arrest by the US Department of Justice. + +The Chinese government hit back on Thursday, accusing Washington of “Cold War thinking” and appealed for efforts to repair strained relations. + +Experts said the new controls on represented a significant escalation in tensions between Beijing and Washington. + +“With the latest action, the chasm between the US and China has now expanded to the point of no return,” Abishur Prakash, co-founder of the Center for Innovating the Future, told CNBC. + +In August, Mr Biden signed the Chips and Science Act into law which pledged $52bn to revitalise semiconductor manufacturing in the US. + +The bipartisan legislation was seen as essential to national security interests to reduce the dependence of Taiwanese-made chips, which account for around 90 per cent of the market. + +Earlier this month, Micron announced plans to open a $100bn chip manufacturing plant in Syracuse, New York, bringing 50,000 jobs. + +Mr Biden called it “another win for America, and another massive new investment in America spurred by my economic plan”, the Associated Press reported. +I, like many others I'm sure, bought into all the TNXP hype on here. I got in low enough where I'm really not down much but is it worth it to hold and wait it out or will I be a bag holder after this week? + +I was planning to hold it tomorrow and if there isn't any movement probably look to get out on Wednesday but I'm curious in others plans and expectations. +Hello, + +My wife and I want to end our relationship with our financial advisors and simplify to a 3 fund portfolio. The issue is that we have over $1 million dollars total and over $520,000 of it is in taxable accounts. I think switching to Vanguard and going VTSAX, VTIAX, VBTLX or the equivalent in ETFs would be best for us. We are both in our mid-30s and don't plan on retiring for another 30 years. + +I understand an in-kind transfer and how to buy/sell, but **I don't know/understand what the tax consequences would be of selling what we have and buying Vanguard.** What should I do? I'm completely paralyzed and our contract with our financial advisors ends at the end of September. + +I have some ideas, but don't know what the most practical/best way would be: + +1. Tell our financial advisors we want a 3 fund portfolio instead and ask them to tell us how much we can sell before we have to pay any taxes? Can we trust them if we tell them we won't be renewing the contract in 6 weeks? +2. Break up with our current financial advisors, do an in-kind transfer to Vanguard, and then use Vanguard's Personal Advisors Services and tell them we only need them until the funds are all simplified to a 3 fund portfolio or until the initial contract is over? +3. Hire a financial consultant hourly to help us figure this out? + +Any educated ideas would help. + +Thank you so much! + +https://preview.redd.it/2hj6x2d7rei51.png?width=1382&format=png&auto=webp&s=f7a23827b0b8bd610bfacae396cb964eb62e54c2 +Hey guys, thanks for taking the time to read this. + +So for the past 5 years I worked for a non-profit and was contributing consistently into a 403b. Last year I left the job, and started working for a marketing company and so I began contributing to a 401k + +My question is, since I am no longer contributing to the 403b because I no longer work at the non-profit, Should I open up a ROTH IRA and roll my 403b into that? My friend who is a financial advisor recommended it. I want to read some other thoughts on it. Anyone had similar experiences? + +Thanks again. +I’ll share mine below (feel free to critique any of the points) as I’ve learned through investing and reading: + +1. S&P 500 Index Funds return on average a nominal 9-10% over a long-term period (15-20 years). 100+ years of data back up this claim. + +2. Fixed Income Investments (Bonds, CDs, Treasuries) provide a paltry return and are worth ignoring, given you’re below the age of 50. They simply can’t keep up with average annual inflation of 2-3% (your money is best put to work elsewhere). + +3. Investing in high quality dividend stocks (Ex. Dividend Kings) provides a decent reliable return (maybe 6-7%), but the timing and consistency of the cash flows varies. I still haven’t concluded whether these are worthwhile investments or not. + +3. Real estate investing requires a very long time horizon, a lot of work, and a ton of leverage (in some cases 20:1). It’s risky, messy, and ties up a lot of capital. Investing in the Stock market is physically effortless (except for research) and is, in my opinion, a much better alternative. + +4. Derivatives (with the exception of selling premium with options) offer an impossible challenge of predicting the future, with less technology available than most firms, and hundreds of factors at play. Foreign Currency, Forwards, Futures and Swaps are to be avoided altogether, unless for specific hedging purposes. + +5. Given the above points, the only worthwhile investment is either in a low cost Index Fund, or Individual quality common stocks at reasonable prices (think Bank of America at $20 recently). +Good morning all, first post so I apologize in advance if I mess anything up. + +Here is my situation... I'm 35 years old, have 18 years left on my mortgage and make enough to pay my bills. Problem is, I have a HELOC and owe 18k on it and have $0 in my savings... Perhaps I put too much down when I purchased the home. How do I spread out the extra money I have after paying bills? Do I pay the heloc down as quickly as possible? I could easily take 10k out and put into my savings and say I have 10k in savings and owe 28k to heloc, but that just feels like I'm moving money around that isnt mine. Basically, I need help with a plan... agressively paying off a heloc and having 0 in savings doesnt sit well with me, but neither does taking money from the heloc just to say I have money in my savings. Hope this makes sense... + +&#x200B; + +I have $600 a month left over after paying all bills. + +Mortgage rate 3.375 + +HELOC rate 4.99 + +I do have a 401k with a little over 100k in it. + +&#x200B; + +Thank you all! + +&#x200B; +In a position where I’m able to max my TSP ($1625) *and* Roth IRA ($500) every month, as well as put some money away w/ the 401k at my part-time gig (5% match). After expenses, I’m still putting away $1,200 to EF savings, and then I “live” on a little over $600/month. + +I’m under 30 so like. Is it worth it?! Is it necessary to sock so much away to savings? +I currently only have a term life insurance policy through work and I think I’m on the low end of recommended coverage (7-8x annual comp currently). I think I have a sizable pay bump coming and I’m considering getting a policy outside of work that would be portable just in case something where to happen to my job. Timing would be nice since I won’t miss extra money in my monthly budget. Am I on the right train of thought? Anything I’m not thinking about? Recommendations on where to shop for one if recommended (I heard AICPA has good rates but not currently a member)? + +Extra details: Married, Currently have 1 toddler. Expect at least 1 more child someday. No college funds currently but will start within next year. We have a mortgage but that would easily be paid with current life policy. +So I'm 46 and have a useless BA and a useless MA (I didn't think they were useless at the time) and I can't get a job. I have children and a wife, but no real skills. I was once a teacher, but that career is closed for several reasons. I have enormous student loan debt and I just lost my house. + +Any idea what I can do? What should I do? How do I stop the bleeding? Where can I turn for work? What would you suggest? + +To be completely honest, I'd just kill myself, but I have kids. So that's off the table. +Hey guys, so I'm not sure if this is the right sub, but a few months ago I found out I'm gonna be a dad. I'm stoked, I'm not the most financially responsible person in the world I did a lot of partying and living in the moment I hate to admit. I'm 23 years old iv jumped from job to job I quit my job at one point a few years ago to go backpacking across the u.s. an adventure that kept me busy for a year. I have 2 credit cards 1 that's in collection I'm sure, that is only 300$ and one by my old bank wells Fargo. That one's 800 but with all the late fees it's like 1200 now. I'm currently with a credit union, my last bank closed my account. I have a few traffick tickets that are unpayed and I think like 3 hospital visits unpaid as well. I also owe t mobile about 1000$ Anyways long story short. I know it's time to put on my adult pants and put in some serious work. I haven't been unemployed for the past 2 years so I held my job and I'm sure I'm gonna make this my career I'm a BMP at a mental health clinic. I'm looking to getting a second full time job to start paying things off. But I had a rude awakening at a car dealership and the sales associate made me feel very overwhelmed and panicked to say the least about my credit, in his words "you beat your fucking credit with a shovel pissed and shit on it buried it then proceeded to piss and shit on it again" so I'm trying to do something about it. I know it will take a long time but I just don't know where to start. Please help I wanna be a responsible dad +Do you sell the holdings in your 401(k) and then pay yourself back the amount you borrow with interest? + +Do you borrow money and post your holdings in your 401(k) as collateral? +I have my own beliefs as to why achieving FI is difficult, but I'd love to hear what others think. **Specifically, which parts of achieving FI are the hardest and why?** I'll share my thoughts at the end so as not to bias everyone :) + +EDIT: Wow. Amazing response! Can't wait to read through all the comments. Before I do, allow me to share my beliefs. I think the most challenging part of achieving FI is **having discipline**. I feel like of all the things needed to become FI, this is the toughest to learn because they don't teach you discipline in school. Developing discipline requires overcoming not only immense external pressure (how do you live with yourself sending your kids to public school?), but internal pressure as well (I'd be happy if I could just have/do/experience X). +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. +How much did you lose? What percentage of your net worth did you lose? How long did it take you to recover? + +As someone who lost 40% of his net worth this year, it would be great to hear your long term journeys. +[Original post](https://old.reddit.com/r/personalfinance/comments/8qx7g4/drunk_driver_hit_a_power_pole_outside_our/) + +About 3 days after this post I finally got the accident report. Apparently the driver wasn't drunk, just reckless. Regardless, I filed a claim with my utility company and supplied the police report. I did not file anything with the driver's insurance because I know they'd just deny it and say they couldn't prove that was the cause without hiring an expert to back up that claim, so I figured it would go two ways: + +1. File with the utility company, who then denies my claim thus blaming the driver. I would then ask for something in writing saying it's the driver's fault, then file a claim with the driver's insurance. + +2. File with the utility company and it gets approved. + +After almost a month of waiting for the utilities adjuster to investigate a claim, today they agreed to fully reimburse me. + +I'd like to thank everyone who helped out, especially a few members of the highway patrol who tried to get the report to me without waiting for the DMV. +Is there anyone here who lives in China or knows someone who does ? + +NEXT BIG CATALYST for TSLA is the delivery numbers next month, but I think there could be a lot more momentum this time around with China numbers in the mix. + +Did they start deliveries in China ? Is there someone out there locally who can confirm ? Or call the dealership up there , if there is one ? + +Just trying to figure out a timeline around this catalyst. +There are many insights that can be gained by thinking through the subject of money as an abstract concept. + +And soon you see it for what it is, imaginary units that humans use to keep track of what other humans owe them... Or a debt ledger. + +Now what makes a man wealthy? Having lots of these units, right? Sure, he may live in a nice house and own a collection of nice objects, but the *majority* of his wealth is in paper notes that he wields to claim "**You all owe me a great debt!**" + +This is what makes a billionaire so powerful. + +If current money were a fair system for tracking debt, then society would have no right to deny this man. His wealth did indeed come from somewhere legitimate and all should honor and uphold his claim. + +*But our system is broken.* They began to create hordes of illegitimate debt the moment we left the gold standard, and have been running the proverbial 'printing presses' non-stop since 2008. + +The government has created an obscene amount of fake wealth and distributed it to those *who were already wealthy*! + +Think about what this reduces too: If the common man works for the dollar, they just granted the rich man further dominion and authority over the poor one. + +**And this is where cryptocurrency comes in.** + +This is humanity standing up and saying, "Enough! You don't own us! You have made a mockery of money and destroyed its meaning by making up so much of it, and giving it out so freely. Society never incurred that debt; you just created it out of thin air!" + +Then the billionaire stands laughing, with his mountains of dollars and declares... "You don't have a choice in this. Do you see these notes? They mean that I own you, your neighbor, and the whole damn city if I choose. They mean that I can have whatever I want. They mean that you, and everyone like you, owes me a great debt." + +The other man stands with a bitcoin in his hand, in stride with his neighbors. + +"No. It looks like you have collected a great deal of useless paper in the last few years. Unfortunately, we don't recognize the value of your paper anymore, nor the validity of the debt you claim." + +"But, but," the billionaire sputters. "You have to. You **owe** me..." + +"No," the man with the bitcoin responds. "No we don't. We don't owe you anything." +A couple years ago being just another computer geek, I earned my way into ETH Zurich to pursue an MS in CS and at this time was working simultaneously with a Swiss FinTech company that was using "blockchain" technology for their product. Long story short, falling down the crypto rabbit hole, I eventually left this job and my position as an AI research assistant and started working on this little device that is literally the next logical step in the bitcoin payments lifecycle. + +&#x200B; + +If mass adoption is to happen - + +1. Anybody in the world, tech savvy or not needs to be able to use crypto as easy as using fiat currency, i.e. instantly and safely. +2. Stay in control of your funds at all times - not a bank, not an exchange and not some intermediary. + +&#x200B; + +Hardware wallets solve point #2. I loved watching the development of the trezor and their success over the years but funnily enough I was also a drummer touring around Europe with a german band during this time and while going to a bunch of different countries that all had different currencies, me being from a "third-party" country had to convert money from my home country to whatever currency I needed and the rates/deposit time for this was ridiculous. Being an early adopter I still couldn't use crypto as a currency anywhere! My trezor just sat at "home?" keeping my crypto safe. + +&#x200B; + +This is exactly why I started working on lastbit. What started off as a simple hobby quickly turned into an elaborate plan and I left my Masters mid-way (Background: I'm Indian - trained to get straight A's all the time but never actually use any of that knowledge. Best decision ever, leaving uni) to work on this full time and over the last year built a few generations of prototypes, learnt how to do business and raised capital (The hard way)! (Building a company is hard, building a hardware company is exponentially harder!) + +&#x200B; + +All in all, I worked my ass off to build this little company, team, raise funds and now we're ready to slowly start rolling this out ([lastbit.io](https://lastbit.io)). I've spent countless hours on crypto subs and it's about time the community started getting involved. No shitcoin, no bullshit, just pure love for all things complex. + +&#x200B; + +A very very very short example of the thought process behind this + +&#x200B; + +Example: + +&#x200B; + +I own 100 BTC. I store it on my ledger/trezor - + +&#x200B; + +1.1 I would never take my ledger out with me casually for a stroll to the coffee shop, it's way too much of a risk. Instead my ledger sits in my drawer collecting dust but I trust my coins are safe at home. + +&#x200B; + +(lastbit - Leave your cold wallet long term storage funds at home on a secure encrypted micro-SD card. Take your "hot" but secure spending wallet anywhere - Hodler works wirelessly with a mobile app. NB: Both wallets are on secure elements! Example: Leave 99 BTC at home and take 1 BTC out with you. Worst case, lost your wallet? No problem, backup is at home or 6 different places around the world and nobody can crack your device). + +&#x200B; + +1.1.1 Plus, why would you even take it out? Merchants are never going to buy a new POS terminal to accept bitcoin. Who accepts crypto? \*(With this solution - Everyone. The Hodlers' aim is to work with ANY credit card machine in the world and you can pay with crypto without the merchant even realizing you paid with crypto.)\* + +&#x200B; + +1.1.1.1 Even if someone did accept crypto, is it feasible to pay with bitcoin today? Waiting 1 hour in line to buy coffee? \*(With this solution - Instant transactions over LN)\* + +&#x200B; + +Leave a comment or PM if you would want to support this, work with us or be a bigger part of this. + +&#x200B; + +Any help/feedback is appreciated. + +&#x200B; + +TLDR: Left prestigious Masters program to work on crypto project. Turned into company ([lastbit.io](https://lastbit.io)). Can use help from the community to take this further. + +EDIT: Thanks for all the comments everyone, that was really quite an overwhelming response. Way more than I expected and a ton of constructive useful feedback from everyone here. Yes we need to work on branding, logo, explaining the project in simpler terms and the name of the device - Hodler clearly isn't the best idea. Some pretty cool suggestions, thanks again! Will continue to keep everyone who signed up, in the loop. +As far as everybody asking about jobs/open positions go, we could use an experienced hardware/embedded systems engineer and/or a digital marketing person - We are exploring the possibility of a kickstarter to fund this after the minimal beta and I suppose marketing is imperative for a successful campaign. +I always wanted to be a billionaire one day, figured out it would never happen if I was working for someone else. +Tried countless times to get something off the ground to little or no avail. + +But we each finally have an actual shot at it. Its been surreal these past few years going from zero interest in the US stock market, to having a royal flush sitting at the table with a bunch of sleazy entitled fuckbags whist a stadium of Apes pound on thier chests each with the winning hand. + +But straight up been thinking about it. All the shit in the world. Doesn't seem right to become the enemy I've discovered and loathe. + +My plan is, get a house etc, maybe get the kids one each for thier future homes, rent them out dirt cheap in the mean time. +Set myself up a mean vege garden and workshop. +Spend my days doing whatever I want and anyone I see who is willing to tell thier story who needs a leg up, provide it. No questions. +Anyone in line at the supermarket before me? I'll grab yours too. See a homeless person on the street? Take then and get them a house, some clothes, a new outlook. +Fuck me boys and girls and everything else, +We can make this world worth living in again +Luckin Coffee is unfrozen, and opened at a steep drop, serning to hold around $2.7 a share. + +As we mostly all know, the company was caught cooking the books which lead to all this chaos, and currently Nasdaq is trying to delist it while luckin is appealing the decision. This likely means the stock wont be delisted for at least three weeks during the appeal. + +So it's a very risky play, but picking up a company that is still in operation at a fraction of its IPO price (which I'm assuming is closer to the real value at the time, pre book cooking, although I could be wrong) is kind of attractive. How are you guys going to play this? I'm tempted to pick up several hundred shares at this price and just see how things play out. + +*edit* I'm in with 300 shares at $2.57, and 600 shares at $2.70. I could probably do the math to get my average but I'm running on 3 hours of sleep, just set the alarm early to gamble a bit with a dodgy coffee cartel. +Wife pointed this out to me last evening. Looks like an Acorns concept, applied to a home loan. This could work really well + +https://www.ing.com.au/everyday-banking/everyday-round-up.html + +" How it works: + +With everyday round up, every eligible card purchase you make is rounded up to the nearest $1 or $5 and the extra amount is shifted from your Orange Everyday to your savings account or to pay down your eligible home loan." +I thought I'd post this because almost every discussion I've read online regarding stock markets talks about how the markets going up doesn't reflect the state of the economy, how we see jumps in the market based on bad news such as record unemployment and so on. Yes many economies are in terrible shape right now, rife with unemployment, productivity loss and contractions in consumer activity. While for some it may only be temporal, others are going to have to deal with the underlying structural issues that always existed but have only now manifested. I personally think Australia falls in the latter boat with the construction/real estate industry unless either further drastic measures are taken by our federal and state governments, or cashed up foreigners are given a clean slate to buy up all our property. + +Regardless, not to go off on a separate topic, there is something I feel a lot of people aren't considering when discussing current market activity. That is interest rates around the world, and particularly those in developed economies which are at record lows. The cash-rate in Australia is 0.25%, the US is 0.25% and the UK 0.1%. Switzerland is -0.75% and the Eurozone's rate is 0. + +Finance 101 teaches you that there are two primary interests you can hold in a company. A debt interest (creditor) and an equity interest (shareholder). Companies are legally obliged to pay their creditors back their principal and any interest agreed upon, while shareholders own a part of the company but are not actually guaranteed any return. Therefore it's obvious that a debt investor/creditor has superior rights as they will receive their payments irrespective of the company's profitability. Shareholders however are only entitled to payments out of the company's profits or distributions of assets. + +Given the nature of the payments an investor could expect to receive from both security classes, it is evident that a debt interests are far less risky. For an investor to choose an equity investment over a debt investment, the rate of return on equity must be greater than the rate of return on debt to the extent that they are willing to bear this risk. + +What does this mean? When the rate of return on debt is lower, it means the rate of return on equity will be lower too since the point at which an investor is willing to accept risk will be proportionate to their debt return. For example, Investor X decides they will only become a shareholder where their return on equity is **twice** that of their return on debt. + +1. Example A - Interest rate is 3.5%, Investor X requires a 7% return on equity. +2. Example B - Interest rate is 1%, Investor X requires a 2% return on equity. + +So now when you take into account that interest rates are at an all time low around the world, it becomes apparent that equity returns don't need to be particularly high to form a viable alternative to debt investing. + +Lets say you can invest in a term deposit or savings account and get a 1.5% p.a. return. Ignoring tax, after 3 years $100,000 in that account will become $104,567. Now lets say you bought $100,000 worth of shares in Bank Y at a price of $100. A fundamental analysis of Bank Y would suggest it's overvalued as it's P/E Ratio is absurdly high, something which is magnified by the economic downturn due to Covid19. Bank Y has a really rough Year 1 and makes a slight loss. Year 2 is better, but given projects were put on hold, it decides to retain the profits for reinvestment. Then in year 3 once things get back on track, Bank Y announces an unfranked dividend of 5%. Let's make an overly simplistic assumption that Bank Y's stock price dropped in prior years, but at the time of it's dividend it returned to $100. That $100,000 investment is now worth $105,000 and exceeds the 3 years of consistent returns in the savings accounts. + +Obviously this a cherry picked example to put a point across, but it highlights that a company not paying a dividend for 2 years and then paying a regular pre-covid dividend will still yield a better return than 3 years in an average market TD/savings account. + +I've also noticed people like talking about how there's always a dead cat bounce / bull trap before the 2nd drop comes. Well, I don't think we can be too confident about that second drop coming. Unlike in previous years where interest rates were far higher and investors could pull their money from the market and put it into risk free debt investments, doing so now simply isn't as viable now given the severe reduction of rates. + +Now while I can't with any certainty say that there will or won't be a drop in the future, my point is more that I don't think it's necessarily right to say that the market's movements don't reflect the economics. It's just the economics we're used to aren't what they used to be. +Just purchased a new Mazda 3 through a novated lease. I feel really uncomfortable that I couldn’t pay for anything upfront! + +Our last car cost around $7k four years ago but sadly has ABS problems that will cost $7k to fix, hence the new car. + +Has anyone else ever felt uncomfortable spending / borrowing so much for a car? Part of what sold me on the new vehicle is safety concerns, and the new Mazda definitely makes me feel better there but definitely feel uncomfortable owing money! + +Also - I can’t get my head around novated leasing lol. + +Edit: While I appreciate everyone providing helpful advice on the novated lease and things to double check, I am not seeking people criticising me for being honest that I don’t quite understand it. I have researched the novated lease but I am concerned that most information available seems to be either from novated lease companies or personal loan companies. On top of that there are a lot of variables which muddy the water. However, this post was more about buying a car than the method used. +[https://dqydj.com/average-median-top-net-worth-percentiles/](https://dqydj.com/average-median-top-net-worth-percentiles/) + +Surprised that the top 1% net worth hasn't increased much since 2016 (11.075 million -> 11.099 million), despite the bull market from 2016-2019. Thoughts? +I want to address the points made on a previous point about minimum wage jobs not affording a family or stability in America. + +Because the thread was locked. But I think it warrants an important separate discussion about the reality of minimum wage. + +Referring to this comment I made: + +> …[society defines retail as a minimum wage job that offers no benefits. i LIKE being on reddit but this isn't gonna support a family and children. You are ALLOWED to do whatever you want. But society is not designed to support it….you either accept how society exists or use all your willpower to fight against it.saying cashiers should be paid higher because i like cashiering...does nothing to address reality.](https://www.reddit.com/r/povertyfinance/comments/u7kcnz/having_kids/?utm_source=share&utm_medium=ios_app&utm_name=iossm) + +A lot of people seem to take that to mean that poverty wage jobs don’t deserve higher pay. Or that saying cashiers earning $7 an hour shouldn’t have family and bills. 🙅🏾‍♀️no. point missed. + +I need people to understand that when people say minimum wage can’t afford a living America it doesn’t mean it *shouldn’t* it means it **can’t** and it currently *doesn’t*. + +We have to deal in reality. Acknowledging that minimum wage jobs like cashiers put people in poverty because current American society in 2022 has defined it that way…is not the same as saying those people don’t *deserve* higher wages or those jobs aren’t worth more. +We know salary is not attributed to worth or societal contribution. Athletes makes millions to play ball games while teachers struggle to get by. + +The point is that as it stands **today**, any low paid job will put you in poverty. Avoid if possible. Fight for better wages, but arguing with people that it’s not *fair* to think that way is delusional because reality is reality. Simply saying those jobs don’t pay well is not saying the people in them don’t deserve better. +They were in shock, outraged, in disbelief, but not once were they shown to have doubted themselves. + +Why? Because they did the research. They looked at the numbers, they read the files, and they knew they were right. They also faced FUD, when banks blatantly lied to them about the price of their positions and credit agencies refused to change their ratings. Yet they didn't doubt themselves. + +We did the research. We looked at the numbers, read the files, and we know we're right. So don't panic, don't feel stressed. Just sit back, relax, and watch it unfold. + +Gamestop has not tried to do anything to ignite a short squeeze yet. This may be due to several reasons, such as SEC investigation, the MOASS being too big a consequence for the company to handle, prioritizing long term success, etc. This may go on for another half a year, or even a year. The banks delayed in 2008, they're delaying again, but just be patient and trust the research. + +"Every lie incurs a debt to the truth. Sooner or later, that debt is paid." +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! + +With the current pace of the crypto market (ripple, eth etc..) I think we're witnessing something special here. A lot of this sounds very reminiscent to the books I've read on the dot com bubble. + +The speculation back then made many people rich -- which is great. (Not so much for people who got hit by the bubble though..) + +**My question:** Has ETH changed your life? If so please don't go crazy. + +I just came across a guy on facebook who seems pretty serious about buying a lambo + +I mean, I bought the Vitalik TShirt too, but I don't think we're at that point yet. If you're buying a lambo --- it better be only a portion of your profits lol. + +I read a post on here about this guy having to use his ETH fund to help his dad out. Life throws some curve balls, and we gotta prepare for that! + +Anyway, this is just a friendly post, from a guy who has seen many different worlds. Always prepare for the rainy day. + +EDIT: For those PM-ing me, I'm referring to this : [Vitalik Lambo](https://www.blocktees.store/products/heavenly-vitalik-lambo-ethereum-t-shirt) +One of the first things someone should do when investing, is creating an investment plan. In crypto doubly so. + +If you have ever invested at the top of a pump, or regretted not taking profits when a coin or token was at its ATH, then you should start drafting that plan today. + +Some basic questions to ask yourself. What are your goals? when do you start taking profits? how much do you invest? This way you don't rely on emotions during critical times and make poor choices. + +This is my high level plan, incase it can help anyone. I won't feel remorse if a coin tanks, or moons and I miss out. But I will be happy with the outcome, as I feel these choices will create the best situation for myself. If your plan is the complete opposite, at least you have one, and I wish the best of luck to everyone. + +1. Plan to hold for the long term. Set aside a number of tokens I feel strongly about and not sell for 2 years. + +2. Take profits every x dollars for x amount. Example, every $100 in profit, take $10 out of crypto. + +3. To invest into an ICO, the ICO must utilize the blockchain for a reason. My personal opinion, is that a social media DAPP will not benefit from the blockchain in a meaningful way. However a DAPP that uses the blockchain for its inherent capabilities, will be a better use case, and a better chance of success. + +4. Don't buy into pumps. + + +This was suggested by /u/carlslarson below: + +[https://www.reddit.com/r/ethtrader/comments/kf251b/daily\_discussion/gldezo6/?context=3](https://www.reddit.com/r/ethtrader/comments/kf251b/daily_discussion/gldezo6/?context=3) + +After discussion by a few of us (including carl ofc) in the background. We felt the above is the best way to proceed initially. It has the benefit of indirectly polling the community via wallet signatures which if-any L2 people want to use. + +\*\*\*\*\*\* + +Proposed governance to pursue an improved DONUT distribution mechanism for /r/ethtrader. This will include choosing supported L2/sidechains, and a developer bounty for work. + +Yes or No. + +\*\*\*\*\*\* + +The details of which and how many L2s will be supported can and should be discussed here. + +Approval of this poll/vote will green light the discussion and construction of a list to determine one or more L2/sidechains to support with this DONUT distribution upgrade, and greenlight another poll to determine the bounty side for one or more developers to complete the development work. + +NOTE: This upgrade only allows registered users to sign a transaction that determines which L2 their DONUT distructions go to. CONTRIB will still need to be claimed via main net transation and backed on the main net by DONUTs to satisfy vote=min(DONUT,CONTRIB) criterion. This proposal only changes where your economic DONUTs go. + +If you are supportive of this simply upvote. If you are not supportive please post why below. Any other discussion regarding details is fair game below. +[Poloniex is using GETH](https://gitter.im/ethcore/parity?at=58370c8289d179bf4dbd85d2) and they are currently out of sync with the network. Do not send ether there until they there is confirmation that the nodes are upgraded. +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! + +Hi guys! + + +We would like to introduce the first instant and anonymous ETH to USD service: [Etheress.net](https://etheress.net/) + + +A bit more about Etheress: + +- international customers are accepted + +- instant (maximum delay 5 hours for new users) + +- competing ETH value + +- total fee of $1.50 + +- minimum amount: 10 ETH + +- maximum amount: 5000 ETH + +- no documents required (however your paypal account must be verified) + +- SSL secured + +- completely anonymous + +- we use a third party processor (The Virtual World Exchange) for the paypal payments. As you know, they can be trusted and there are 0% chargebacks with them. + +- the fixed fee of $1.50 is a promotional fee and it will be changed in future with a percentage fee. + + +Feel free to test our service and share your experience. + +For any questions/ideas/proposals we can be reached at support@Etheress.net + + +Cheers, + +Etheress Team +This isn’t another “what should the safe withdrawal rate” be thread. I’m actually interested in hearing peoples’ opinions about how they have figured what their annual compounding rate will be going forward vs just that 10%ish was the historical rate. The last 80 or so years had several huge things that really pushed growth in ways I don’t see many equivalents for happening in the future: + +1. The adoption and widespread use of fossil fuels for industry +2. Women entering the workforce +3. Large growing populations of consumers in the developed world (now we have population collapse coming in most developed and even some developing countries) +4. The invention of the internet and widespread adoption +5. The general slow down of the introduction of “life changing tech” (think iPhones being invented vs Apple just releasing a new model every year) +6. Low levels of debt in all categories compared to the record levels we see today all over the world. + +I’m genuinely interested in hearing what people feel will be the big drivers of growth in the next 80 years. I think things like AI, Space Colonization, and a few other things have lots of potential, but I see a lot more things with no wheels like the Metaverse out there as well. I’m not a doomer who thinks there will be no growth, but I am skeptical that we will see the same rates as we did in the past. +I’ve made 1800 off GNUS. I’m considering hopping back in with some of my profits and letting it ride until June 14. Who’s bag holding and who’s buying back in? +Copied and translated through deepl from German🇩🇪 sub r/Spielstopp ; original post by u/LNhamburg + +-- +**From yesterday:** +XETRA: 2nd time in a row an unconventional trade. Again 324,106 shares in the block. 🐵🙊 + +I check my broker daily for GME stock movements on the German exchanges. Trades like this have never occurred so far. Yesterday the first time, today again. Again 324,106 shares. + +What's happening on XETRA? + +Screenshot from yesterday: + +&#x200B; + +[17.05.2021 XETRA Times & Sales](https://preview.redd.it/xfka8l18vxz61.png?width=966&format=png&auto=webp&s=b445f174f3ed955dff838c80c0cb9a56921e598f) + +I noticed this in the overview of exchanges at my broker. XETRA is out of line. Normally the numbers from XETRA are similar to Tradegate from the trading volume. + +&#x200B; + +[18.05.2021 Übersicht Börsenplätze](https://preview.redd.it/7lo2h04hvxz61.png?width=816&format=png&auto=webp&s=f74c01deab927985e92f83b647e7546ff85f8de1) + +In the Times & Sales overview of my broker this volume is not included and the order is not displayed. + +&#x200B; + +[18.05.2021 Times & Sales Übersicht Broker](https://preview.redd.it/ghv7f9z3wxz61.png?width=816&format=png&auto=webp&s=69cdcb64fe428e6d1e75bc1cf084d47fd23c3b4c) + +On the website of [Boerse.de](https://Boerse.de) the booking is displayed in the Times & Sales. + +[https://www.boerse.de/times-and-sales/GameStop/US36467W1099\_boerse,6%7Cpage,12,number,20](https://www.boerse.de/times-and-sales/GameStop/US36467W1099_boerse,6%7Cseite,12,anzahl,20) + +&#x200B; + +[18.05.2021 Times & Sales von Boerse.de](https://preview.redd.it/pqafmh0hwxz61.png?width=960&format=png&auto=webp&s=12f9f2deedcee6659be07078f11c33fa6876ee6f) + +The price went up to 142.75 after this posting, but the follow up posting was back at the 142.00 price. + +Does anyone know what they are doing? + +**From today:** +Whatever this is, it is now showing up for the 3rd day in a row. 324,106 shares each time. + +[19.05.2021 XETRA Time & Sales](https://preview.redd.it/piawbfe9u4071.png?width=951&format=png&auto=webp&s=06b698248aa9c6b829c96361958977093d663ae0) + +EDIT: Usual daily Volume has been around 10-50k so those chunks are about 10x the usual amount + +EDIT 2: [Historical 4 Week XETRA data ](https://preview.redd.it/45733l7lj8071.png?width=834&format=png&auto=webp&s=41a8e0321891f5c68704d410ac49e1bf93ccab24) +Where'd all this RKT BS come from suddenly? + +OH! That's right. More media manipulation and shills spreading the BS. + +For anyone that's new here, we've seen this tactic applied before as a diversion to pull people away from GME. Don't fall for it. RTK is struggling to rebound as I write this. There are headlines everywhere saying Reddit investors are short squeezing RKT. I don't recall seeing anyone really talking about it, and I come here a lot. + +&#x200B; + +This is not financial advice. Ape strong together. + +Edit: Maybe it is real. Good for you. Make some money and return focus on GME. + + +Edit: Thanks for the flashy badge things. Hopefully, everyone managed to get out of RKT with their shirt. +Oil has fallen to below $11 for a 42-gallon barrel but Hershey's premium bulk ice cream is holding at $23 for 3 gallons making a barrel worth $322. This clearly means that consumers value ice cream more highly than oil. The market cap for Exxon is 180B and Hershey is only 21B; clearly, this development has not been priced in yet. + +THIS CANNOT GO TITS UP +I'm not sure if this is the right place, but here goes. +I have completed 18 credits at UOP and I have about 42 left. I completed 60+ transferrable units at a community college, but I had a low GPA (2.3). Good marks in most courses(As&Bs), but I struggled with school during a family tragedy and tanked (Ds&Fs) a year of courses. + +I chose UOP because we had to move for my husbands job and I just wanted to make sure I could complete my degree. He's in the navy, so we move every 3 years. They also offered me a pretty good discount. + +I didn't think about the impact it would have on my gradschool (psychology) options. I should have done more research. I just thought of it as a piece of paper I needed ASAP. + +I think I have really messed up. I research everything I do, I don't know why I didn't fully research this idea. Is this a waste of my time? Any ideas or advice would be appreciated. +I'm in a fortunate position that I'm able to contribute such a high percentage of my income but I can't help but feel that money might be better spend elsewhere since my company only matches to 3%. I would probably use that money in my own personal investment account. +I am going to break down my monthly bills in a bit, but I want to put out a little background. My wife and I have 1 child together and I have another from a previous marriage. I used to work from home, and we planned on me working from home when the new baby came along. However, now that I have to leave the house for work, we have to put both kids in daycare. Luckily my son is only with us on the weekends for the summer, but will need daycare for before and after school when school starts in August. + +We have drained our savings and thanks to my previous employer had a large severance amount that is also drained. We don't want to walk away from something like a car or credit card and have our credit trashed in the meantime, but my wife did ask if we should consider bankruptcy. + +What should we do here? Should we walk away from credit cards allowing them to hit our credit and come back to them when we have dealt with some other items? Should we file bankruptcy? + +My wife is making $18.76/hr, but due to insurances and retirements she brings in $486/week. + +My income went from $66k/yr to $24,960/yr. Unfortunately/fortunately when I lost my job, two things didn't happen/happened: + +1. We didn't lose any bills due to the layoff. We still have the payments that we acquired when I was making as much as I was and those aren't going away. + +2. We had a baby daughter 2 days after I was laid off. She is now 2 months old and since my wife is just going back to work, we have added daycare to our expenses. + +I found a new job 2 weeks ago at $12/hr (told him I couldn't leave my house for less, when he offered $11/hr). Here is the breakdown: + +***Income*** + +* Wife - $2106/mo ($486*52/12) + +* Mine - $1733/mo ($400*52/12) + +* **Total Income** - $3839.00 + +***Expenses*** + +**Credit Cards** + +* USAA - $25/mo; $1452.88/$1500 remaining; 9.90% +* Helzberg - $55/mo; $1684.54/$2500 remaining; 25.90% +* Wells Fargo - $75/mo; $2700 remaining; 15.15% +* Capitol One - $100/mo; $3500/$3500 remaining; 27.99% +* Lowes - $50/mo; $2271.63/2500 remaining (Remodeled our house for the baby); 24.99% +* Best Buy - $75/mo; $1911.04/$2,000 remaining; 27.99% + +**Misc Debt** + +* Furniture (Bed) - $500/mo; $2500 remaining; 0% if paid off in 12 months (Dec 2015) +* IRS (Taxes) - $100/mo; $2084 remaining + +**Car Payments** + +I work 2 cities away from my work, so I need a vehicle to get there (I use her car to do that since it is better on gas) and she takes the baby to daycare at a different time than when I leave for work, so we need to have 2 vehicles. + +* My Truck - $435/mo; $22k remaining; Valued at $19,500 +* Her Car - $303/mo; $13,400 remaining; Valued at $10,995 + +**School Debt** + +* Loan #1 - $104/mo +* Loan #2 - Deferrment (will be $350/mo starting next year) + +**Medical Bills** + +* St Lukes #1 - $100/mo; $150 left; 0% +* St Lukes #2 - $60/mo; $2k left; 0% + +**Monthly Bills** + +* Mortgage - $612/mo; 29 years left; $77k remaining; 3.75% +* Water/Sewer/Trash - $40/mo +* Internet - $38/mo +* DayCare - $860/mo (both kids) +* Car Insurance - $90/mo +* Cell Phone - $167/mo (Trying to get out of plan since we have $300 termination fees and can get on in-laws plan) +* Power - Varies but this month is $260 (Very hot summer) +* Gas (House) - $4 +* Gas (Car) - $380 +* Food - $400 +* Medication - $100 +* Baby supplies (Diapers, wipes, rash cream) - $100 + +* **Total Expenses** - $4606 + +* **Total Difference** - -$767 + +**TL;DR** Give me your worst. I really need it. + +I have just under 6k saved, a car(no tags), all my belongings in said car, starting a new job Tuesday, and absolutely no idea what I am doing. + +I left home this morning after a typical argument that ended with me being given the option to comply to my parents wishes or leave, as I am 'breaking the rules' + +I landed a job as a busser/host at a well established restaurant and I begin Tuesday. I am currently trying to get my car insured and temporary tags to get me around for 30 days but i'm uneducated in the process. I live in Maryland. My car is owned outright by me. It needs brakes, rotors, and tires to get it passing inspection. I have the parts purchased just looking for mechanic. + +As for my savings it's all in a checking account under my step dads name. I plan on opening my own ASAP. Advice would be warmly welcomed on this as-well. + +as for renting an apartment or room I have started looking on facebook marketplace and have been trying to schedule showings. + +Overall, I am scared shitless yet ambitious. I'm ready for whatever the world can throw at me. Please share any battle advice and luck. + +Edit: +I have a few friends willing to let me crash on their couches. But that won't last forever. The 'typical' arguments are only typical in a toxic and abusive house. It's not an option to apologize and work things out with such people. I have tried my whole life. +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. + + + +9 years ago, Reddit offered a conversion of karma to bitcoin! I wonder if the promotion is still in effect haha. Did anyone try this?! I know I submitted a request to convert, but probably did so incorrectly. Anywho pretty cool to look back on with the thought of reddit tokenizing karma - its not the first time they have done this! + + Would be curious if this still works, or if any redditors managed to pull it off! Reddit was a much different place 9 years ago, and karma was harder to accrue. Front page postings had like 300 karma rather than the hundreds of thousands we see today! + +So really... this is the second or third effort to tokenize karma! +The U.S. economy is going to fall into a recession next year, according to Steve Hanke, a professor of applied economics at Johns Hopkins University, and that’s not necessarily because of higher interest rates. + +“We will have a recession because we’ve had five months of zero M2 growth, money supply growth, and the Fed isn’t even looking at it,” he told CNBC’s “Street Signs Asia” on Monday. + +Market watchers use the broad M2 measure as an indicator of total money supply and future inflation. M2 includes cash, checking and savings deposits and money market securities. + +In recent months, money supply has stagnated and that’s likely to lead to an economic slowdown, Hanke warned. + +“We’re going to have one whopper of a recession in 2023,” he said. + +Meanwhile, inflation is going to remain high because of “unprecedented growth” in money supply in the United States, Hanke said. + +Historically, there has never been “sustained inflation” that isn’t the result of excess growth in money supply, and pointed out that money supply in the U.S. saw “unprecedented growth” when Covid began two years ago, he said. + +“That is why we are having inflation now, and that’s why, by the way, we will continue to have inflation through 2023 going into probably 2024,” he added. + +In 2020, CNBC reported that the growth in money supply could lead to high inflation. + +“The bottom line is we’re going to have stagflation — we’re going to have the inflation because of this excess that’s now coming into the system,” he added. + +“The problem we have is that the \[Fed Chair Jerome Powell\] does not understand, even at this point, what the causes of inflation are and were,” Hanke said. + +“He’s still going on about supply-side glitches,” he said, adding that “he has failed to tell us that inflation is always caused by excess growth in the money supply, turning the printing presses on.” + +Powell, in his policy speech at the annual Jackson Hole economic symposium on Friday, said he views the high inflation in the U.S. as a “product of strong demand and constrained supply, and that the Fed’s tools work principally on aggregate demand.” + +Read the full article: [https://www.cnbc.com/2022/08/30/steve-hanke-were-going-to-have-one-whopper-of-a-recession-in-2023.html](https://www.cnbc.com/2022/08/30/steve-hanke-were-going-to-have-one-whopper-of-a-recession-in-2023.html) + +Applied economics professor Steve Hanke says we’re going to have one ‘whopper’ of a recession in 2023 because "we’ve had five months of zero M2 growth, money supply growth, and the Fed isn’t even looking at it”. + +Do you agree? +Intro to why today is important: [https://www.youtube.com/watch?v=\_7Sh6Z5j\_rg](https://www.youtube.com/watch?v=_7Sh6Z5j_rg) + +\-During times of crisis and specifically high unemployment, congress tends to **make the biggest changes to the federal reserve's power.** + +\-Congress will either clip the wings of the fed or empower the fed. [But it appears in a typical cycle they clip the wings of the fed first](https://i.imgur.com/LtQFDC1.png) + +\- Fed's job is to take the blame + +&#x200B; + +livestream link starts at 10am [the link](https://www.congress.gov/event/116th-congress/senate-event/327577?s=1&r=3). note that this is a 2-day event it runs tomorrow too. + +live stream: [https://www.youtube.com/watch?v=7xAMAJ5ieKo](https://www.youtube.com/watch?v=7xAMAJ5ieKo) +See title. + +In general ETH is pretty tied to BTC. At this moment however it seems BTC is making gains while ETH is meeting heavy resistance, but when BTC Drops 5% ETH loses just as much. Curious if there's An explanation for this? + +Thanks! +Very new to the game, I just showed up this past week. Trying to decide when to buy in and all I'm seeing are people complaining we aren't going up with bitcoin and wishing they hadn't bought in. Did something (besides the hack) happen that made people lose faith in ETH long term or am I just seeing day traders being bummed out about short term? Does ETH still have a viable future? Any thoughts? +I can buy Bitcoin right now via Coinbase but not ETH. As a non tech guy, could someone explain to me how the excuse for coinbase "their servers are too busy" holds water right now. If they are being bombarded with panic sells plus the daily new sign ups , why is it that just Ethereum magically gets fucked up and not bitcoin or litecoin + +Stupid me for not depositing some USD onto Gdax last time Coinbase pulled this shady shit! +So the DAO-etc Will be available tomorrow, got some questions, hope someone can help: +I had my DAO tokens on Mist, but after the hard fork I decided to change to myetherwallet, so will i be able to do the claim thru myetherw, or from the key i bought the DAOs on Mist? + +In case i can do it straight from MEW does it matter if i mixed my eth refound from the dao with normal eth? + +In case i have to claim from mist, does it matter if my eth is already on MEW or do i have to pull it back to mist?? +So let's say within the next 6 months ether value is somewhere similar to where bitcoin is now. Would you sell your coins then or continue to hold for 5+ years and hope for more. Is there a certain price you will sell regardless of the market? When you here "hold" what is the anticipated value in the future? To be a millionaire? +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 know Ripple isn't a direct competitor, but does the rise of Ripple concern anyone else? There is supposed to be a flippening between Bitcoin and Ethereum soon. And yet Ripple is now at about half of the Ethereum market cap and growing fast. Psychologically, do you think the continued rise of Ripple could have a bad impact on Ethereum? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +I know it would be pretty friggin ghetto to live in a "shed", but hey, people adapt to various situations. I was just wondering if something like this is possible. Could you buy a cheap plot of land and put a "Tuff Shed", insulated, on the property. Maybe you live in either the car, shed, or a tent just outside the shed, depending on the situation. For security purposes, you'd need a dog. You'd also need a fence to keep in the dog, and food for the dog, etc. + +1. Plot of Land = 20k? +2. Tuff Shed (insulated) Largest size you can get without a permit = 7k +3. Fence surrounding a big enough area around the Shed, where you can have your dog roam. = 7k? +4. Solar Panels with a battery thing to collect the power = ?? +5. Property Taxes +6. Possible HOA fees +7. Other misc fees +June 6 (Reuters) - U.S. House Speaker Nancy Pelosi disclosed new stock market trades on Monday, showing purchases of options to buy shares of Apple Inc (AAPL.O) and Microsoft Corp (MSFT.O). + +In a periodic transaction report signed last Friday and appearing on the House of Representatives' website on Monday, the senior Democrat disclosed that her husband, financier Paul Pelosi, on May 13 bought Apple call options for between $500,001 and $1 million. + + +On May 24, he bought more Apple call options, in an amount between $250,001 and $500,000, the disclosure shows. On the same day, Paul Pelosi bought Microsoft call options for as much as $600,000. +# Obligatory this is not financial advise. Everything expressed in this post is personal opinion. I have no affiliation with GameStop. I have no affiliation with loopring. + +Background: If you haven't read [this excellent DD](https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/) by u/3for100Specials please go read it first, this post hopes to expand on that by looking into the problems GameStop is trying to solve and how they're going to solve them from the perspective of an engineer. Also check out [this DD](https://www.reddit.com/r/Superstonk/comments/pe37k7/the_gme_warpath/) by [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol/), his post explain the plan, this post hopes to explain how to execute said plan. + +My background: for you nerds I mainly do ts/react today but have web app background from my earlier days, for you apes I turn coffee into code and make the websites you visit look pretty. Blockchain knowledge presented in this post were accumulated within the last 72 hours so take them with a grain of salt. + +# Problem 1: How do you even receive an NFT token? + +It's simple actually, you just need a [wallet](https://www.bitdegree.org/crypto/tutorials/cryptocurrency-wallet). And then you give the address to whoever wants to send you stuff and voila. + +Wait what? + +&#x200B; + +[mobile wallet, paper wallet, web wallet, hot wallet, cold wallet, EMPTY WALLET](https://preview.redd.it/9h56k5ukpwm71.jpg?width=399&format=pjpg&auto=webp&s=ee5f155501846ce2f565fc2911f349c5c2655776) + +# Problem 2: How do you give millions of token out in a foolproof way + +This is the million dollar question. As an user, would you rather go through the steps of deciding which wallet to choose and setting everything up on your own THEN giving the address to GameStop or do you want to log into a recognizable interface where everything is already set up correctly for you? Would you trust some 3rd party company that can be bought out any time with our personal identifying information? (cough cough C\_inbase) + +The solution: build a platform which include wallet storage and UI, and set up [smart contracts](https://ethereum.org/en/developers/docs/smart-contracts/) to automate transactions. + +[Look at the skills they're hiring](https://nft.gamestop.com/). [Solidity](https://docs.soliditylang.org/en/latest/) is a programming language designed for developing smart contracts that run on e t h, react is for UI, Python can be used for many things (let's put a pin in this and come back), however it is well known for supporting [scalability](https://www.conceptatech.com/blog/importance-of-scalability-in-software-design) due to its [functional nature](https://en.wikipedia.org/wiki/Functional_programming). + +In ape: they're building a bunch of vending machines with nft tendies, and they're gonna give us a magic basket to store those tendies so others can't steal it as easily. + +[gib tendies](https://preview.redd.it/vlxhzjm7qwm71.jpg?width=750&format=pjpg&auto=webp&s=c5cb4703be79fe85585ae570052ee397ae3e80ab) + +# Problem 3: How do you effectively standardize each transaction to reduce operating cost + +Prior to the London fork, [gas fees](https://changelly.com/blog/ethereum-gas-transaction-fees-explained/) were calculated based on %. This is a problem because with volume there needs to be more miners to verify those transactions. When you have extra work but only the same amount of workers (temporarily until more miners join) the cost of hiring workers are going to raise ***exponentially***. This is why [EIP-1559](https://eips.ethereum.org/EIPS/eip-1559) the London [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) is necessary. When millions of new users join GameStop needs to ensure the volatility in gas fees won't be a bottleneck for them. + +"Needless delays for users: ***because of the hard per-block gas limit coupled with natural volatility in transaction volume, transactions often wait for several blocks before getting included, but this is socially unproductive***\*;\* no one significantly gains from the fact that there is no “slack” mechanism that allows one block to be bigger and the next block to be smaller to meet block-by-block differences in demand. + +Inefficiencies of first price auctions: ***The current approach, where transaction senders publish a transaction with a bid a maximum fee, miners choose the highest-paying transactions, and everyone pays what they bid.*** This is well-known in mechanism design literature to be highly inefficient, and so complex fee estimation algorithms are required. But even these algorithms often end up not working very well, leading to frequent fee overpayment." + +After EIP-1159, each transaction is going to consist of a fixed base fee plus the priority fee (how much extra you're willing to pay to have this verified earlier than others), this collectively is the max fee. At this point the bottleneck problem is significantly reduced since everybody will be getting the same base fee, and priority fee can be adjusted to account for network congestion. Foobar actually posted a cool graph comparing the price volatility [on their twitter](https://twitter.com/0xfoobar/status/1427132305982713860?s=20). Their twitter feed is a gold mine of information in this space, if you're a krypto nerd please check it out. + +&#x200B; + +[Gas price volatility comparison from foobar's writter](https://preview.redd.it/r5yxeokqowm71.jpg?width=680&format=pjpg&auto=webp&s=a82902dc3fb4af6e386d0141562ef1c08cf16948) + +In ape: cost for operating the vending machine is too high based on original pricing model. This update gives more predictable cost estimates for mass transactions. + +# Where does Loopring come in? + +I'm SO GLAD you asked. [Loopring is an Ethereum Layer-2 scaling protocol](https://loopring.org/#/), it allows complex executions to be performed efficiently. This reduces verification of transactions on [layer-1](https://ethereum.org/en/glossary/#mainnet) (which in turn leads to even lower cost overall). This capability means significantly more complex interactions can happen off chain and is only committed to layer-1 when it is ready to be 'finalized'. Buy and sell in game items anyone? + +***For you nerds*** [***this article on medium***](https://medium.com/loopring-protocol/loopring-cto-steve-what-is-the-real-future-of-layer-2-networks-7257934212e4) ***gives a really good explanation of the history and the future of layer-2 networks. This is to the blockchain world what react is to the front end world IMHO. Down to the state layer and rollup (virtual dom anyone?)*** + +OH and, they provide [wallets](https://loopring.io/#/) and [have their own exchange](https://exchange.loopring.io/). Did that just solve the problems from above? + +In ape: Loopring is the guy that stocks the vending machine. Instead of putting a bunch of items separately and stock at vending machine location, they presort/prepackage the contents and drop them off at the vending machine so they can stock more machines on the way and cost significantly less. And they provide the magic baskets and credit cards. And they have a marketplace for items in the vending machine too. + +&#x200B; + +[it's almost an all-stop shop](https://i.redd.it/cgs4r44tswm71.gif) + +*Tinfoil hat time* + +I think we're very close to platform launching. They have addressed the majority of the technical challenges imo (not a crypto SME so please speak up if you feel otherwise) and the last stretch in leg is addressing scalability issues. This conclusion is drawn based on Matt Finestone's tweet asking for scala engineers. Like python it's a language that's very functional in nature and excellent for back end services. Oh speaking of python remember the pin earlier? I found [this](https://web3py.readthedocs.io/en/stable/quickstart.html#installation) when browsing the documentation page for [ERC-721](https://ethereum.org/en/developers/docs/standards/tokens/erc-721/) Hmm wut mean? Let's also not forget the all star team they pulled from Amazon. + +Think of the platform mentioned as a service like aws. When this infrastructure is ready, it can be used for multiple things. ***ISSUING NFT DIVIDEND***, exchange NFT games (and in game items), exchange [NFT Options](https://etherscan.io/address/0x6a17acf216b97c2ea8f4046a7d5edf4288066d9a). + +See you all on the moon very fucking soon apes. + +*Bonus:* + +[BOOM](https://preview.redd.it/2vmjdcuw0xm71.png?width=716&format=png&auto=webp&s=18bc8e708c0ee367016769fcbdec95d4b64e21e9) + +***TADR: HOLD ON TO YOUR SHARES and BUCKLE UP.*** + +&#x200B; + +ps - there was a tweet by someone (was it foobar i can't remember) saying something about baby's first pull request, can someone point me to where it is? Once we get the PR date we can probably find the PR on github. +22 years old. Have around 150k accrued in savings from working throughout school/university. Been working full-time on a graduate program as of recent, and have no debts other than ~30k in HECS/HELP. + +I've been interested for some time now in purchasing property in Sydney for investment purposes, but I'm still unsure as to what would be the best way to proceed. Still a novice at all this and want to go about it in the right way: + +a) ATM I'm looking around the 650-750k mark for a house mainly in western Sydney. Is this area / price range advisable from an investment perspective? Or would it be wise to continue saving for a little longer and purchasing in a higher-price bracket in a more "lucrative area," for better long term prospects. + +b) What are some of the best suburbs in Sydney to be in the market for when it comes to buying property. Houses, units or otherwise. + +c) Does anyone have any other advice/suggestions for people looking to buy a IP for the 1st time. Any resources or links, as from what I've researched, good quality information seems to be scarce. +22 years old. Have around 150k accrued in savings from working throughout school/university. Been working full-time on a graduate program as of recent, and have no debts other than ~30k in HECS/HELP. + +I've been interested for some time now in purchasing property in Sydney for investment purposes, but I'm still unsure as to what would be the best way to proceed. Still a novice at all this and want to go about it in the right way: + +a) ATM I'm looking around the 650-750k mark for a house mainly in western Sydney. Is this area / price range advisable from an investment perspective? Or would it be wise to continue saving for a little longer and purchasing in a higher-price bracket in a more "lucrative area," for better long term prospects. + +b) What are some of the best suburbs in Sydney to be in the market for when it comes to buying property. Houses, units or otherwise. + +c) Does anyone have any other advice/suggestions for people looking to buy a IP for the 1st time. Any resources or links, as from what I've researched, good quality information seems to be scarce. +I am assuming, if interest rates go up then prices of houses go down. However because interest rates are up, less people are able to borrow because of which the rents will go up. Am I right in this assumption? + +Also, would this assumption be consistent across all states? + +Cheers~ +I know this sub loves to talk about property falling and it certainly is, especially in the premium price bracket and apartments. + +Is anyone seeing any falls in the sub-600k range though? Looks like it hasn’t budged - is there any hard data out there? +Welcome to the open discussion thread. + +This space is reserved for open discussion or questions on research and news on economics. + +Talk about economics among yourselves. +[The Political Economy of the Rent Seeking Society](http://www.aeaweb.org/aer/top20/64.3.291-303.pdf) + +Abstract: + +> Many government policies, such as import licenses in developing nations, +create rents for some market participants. While the presence of such rents and +the distortions that they create have long been noted, this paper recognized the +importance of “rent-seeking behavior” and explored its welfare implications. The +paper’s central finding is that competitive rent-seeking increases the welfare costs +of policies such as trade restrictions. In the context of import restrictions, this +result strengthens the case for the use of tariffs rather than import quotas, since +quotas create the possibility of rent-seeking behavior. By identifying the importance of rent-seeking activities and providing a framework for analyzing their +welfare costs, this paper expanded the economic analysis of the government’s +choice of policy instrument to achieve particular goals. It also helped to launch a +voluminous literature on the role of corruption and governance in the process of +economic development. + +[It's Baaack: Japan's Slump and the Return of the Liquidity Trap](http://www.brookings.edu/~/media/projects/bpea/1998%202/1998b_bpea_krugman_dominquez_rogoff.pdf) + +This week's article comes from /u/paulkuhn, who writes: + +> [The current article of the week on liquidity traps](http://www.reddit.com/r/Economics/comments/26g0n6/article_of_the_week_escaping_from_a_liquidity/) reminded me of Krugman's 1998 paper, It's Baaack: Japan's Slump and the Return of the Liquidity Trap[1] . From my (incomplete) understanding it revived the discussion of liquidity traps from a very long hiatus, and as an added plus, it has some current relevance. + +*** + +Schedule for June: + +6/15: Inheritance of Inequality (Bowles and Gintis, 2002) + +6/22: Economics and Emigration: Trillion Dollar Bills on the Sidewalk? (Clemens, 2011) +After sifting through, it seems like nobody was interested on the cases of Turkey, Greece, Thailand, Vietnam, Finland, etc. Can anyone shed some light on these countries' cases? + +**EDIT3**: So after connecting few dots here and there, it seems like foreign support, education, and "economic freedom" are correlated and I think I can safely claim that these are dominant factors towards bettering a country/state and population density is rather irrelevant (though I'm still just a tad bit skeptical about that). Should there be anything else added or should something be removed? + +**EDIT4**: I heard from a *reliable* source that heritage.org's view on "economic freedom" is rather conservative. There seems to be a bit of criticism of it within the comments and a bit of support of it as well. I have no idea how to determine this situation on economic freedom because I'm a newbie, but I'm leaning towards skepticism. Either way, this is a connectable coincidence and a major one, therefore can't really disregard it either. I will try to further my research on this subject, though it seems like there's nothing much to Google about it. + +------------------------------------------------------------------------------------- + +**TL;DR** My questions are: what made Hong Kong, Taiwan, Korea, Japan so successful as dense countries (or city-states)? + +Is education key for a country's success? (It seems like this is one of the major and dominant contributing factors) + +Can Holland be the cause for Japan's growth? (It seems like this is a no) + +**If countries such as Finland, Norway, Canada, New Zealand were to be as dense, would they be able to hold high density? (Nobody really touched over these countries--can someone help?)** + +**What about developing countries with potential such as Turkey, Vietnam, Greece, and Thailand? Why didn't these countries have much luck on development? (Not really touched over either...)** + +----------------------------------------------------------------------------------- + +I had a rather mind-blowing realization--looking at the top 50 on the [list of countries by density](http://en.wikipedia.org/wiki/List_of_sovereign_states_and_dependent_territories_by_population_density) and taking a closer look at which countries are in the *upper class* (for lack of better word... it can be rephrased as good education, infrastructure, household income, dispersion of modern technology as well) are Singapore, Hong Kong, Taiwan, Korea, Japan--the [Four Asian Tigers](http://en.wikipedia.org/wiki/Four_Asian_Tigers) + Japan. + +Now here is the confusing part: what made these countries so successful? [These countries rank highest in the world when it comes to secondary education. (scroll down for inclusion of Asian city-states](http://www.guardian.co.uk/news/datablog/2010/dec/07/world-education-rankings-maths-science-reading). Does this mean that education is the key for a country's success? + +**I'm clueless when it comes to economics (though very interested) and I was hoping if someone was able to explain/predict if countries such as Finland, Norway, Canada, New Zealand, etc. were able to hold such high densities.** + +After a bit of research, I somewhat have an idea on how Korea and Japan grew, but still rather confused on how Japan grew--I'm taking a guess that it was because of Holland's influence in Japan, but is it? I'm also interested in growth of Finland, Norway, etc., but I haven't had much luck on pinpointing the cause(s) of growth--apparently, Korea's rapid growth was caused by its prime minister's planning on sending the brightest students overseas to come back and improve the country, though of course, it can be many other factors as well. + +What about developing countries with potential? Though I'm only taking few guesses, I'd guess that Turkey, Vietnam, Greece, Thailand have some potential out of the countries with relatively high density. Though I can't say much about Vietnam because of its government, are there any pinpoint-able causes on how to accelerate growth in these countries? Why didn't these countries have as much luck on development? + +Thanks for reading--I hope I perked your interest as did mine! + +**EDIT**: Could landmass also be a factor? I think it makes a lot of things easier if you had smaller land mass for dispersion of technology or just transportation in general--just taking another guess. + +**EDIT2**: Just sharing what I learned from responses. + +To note on the side, it seems like I didn't get my message clear on density. I was trying to convey that densely populated countries are rather slow on development, but these countries were able to improve drastically. + +Additional side note, I understand that there is no single factor towards a success--all I'm trying to do is gather the evidences, or multiple factors, towards the countries' successes and perhaps find some kind of magical answer and draw my own imaginary conclusions just for curiosity's sake. + +Learned from BrettMorningwood, it seems that [Korea's annual length of working hours is longest in the world (click on the down arrow on 2010)](http://stats.oecd.org/Index.aspx?DataSetCode=ANHRS), yet Greece, which is right below Korea, was not as fortunate. My guess is the conversion towards Euro, but more knowledge is welcome! + +I also learned few yet major points on Singapore and Hong Kong's cases. As BrettMorningwood commented, they were bolstered from the British. Not only that, they offered a lot of services *during crucial times* (instead of goods), which *requires* education. + +As Maddox17 pointed out, Norway was fortunate to have oil. I also believe that it is one of the major reasons, but what about their tax rates? [They have really high tax rates (whoa, they actually reduced from 50% to 40%)](http://www.taxrates.cc/html/norway-tax-rates.html) which provides great social services, therefore, education; [they also have the highest Human Development Index in the world (however trivial calculating quality of life into numbers may be)](http://en.wikipedia.org/wiki/Human_Development_Index). Is it agreeable, then, if I say that Norway is able to uphold high density? + +Another thing I learned from Maddox17 is [economic freedom](http://www.heritage.org/index/Ranking). A lot of the mentioned "upper class" countries have high economic freedom with the exception of Norway and Korea, but as mentioned previously from BrettMorningwood and Maddox17's point on annual working hours for Korea and oil for Norway, they may not need such high economic freedom. Is it agreeable that these were the tradeoffs, balancing their economic freedom, for their successes? +For reference, the original edition of this post can be found [here](https://www.reddit.com/r/Economics/comments/7vp3cf/rules_roundtable_rule_vi_and_offtopic_comments/). + +##Welcome to the /r/Economics Rules Roundtable. + +/r/Economics strives to be a subreddit dedicated to quality discussion of economic articles, news and research. However, like many communities on Reddit, good discussion often gets drowned out by a mass of off-topic and low effort discussion. In order to improve the quality of discussion on the subreddit, the mod team will be stepping up enforcement of the existing rules. + +Today we'd specifically like to discuss Rule VI. Rule VI is meant to remove low quality and off-topic comments, leaving room for quality comments to thrive. Rule VI's existence is due to user complaints - our most [recent survey](https://www.reddit.com/r/Economics/comments/7nfmsx/2017_state_of_the_subreddit_survey/) found that most users want stricter rule enforcement then we have used in the past. + +What comments are disallowed under rule VI? A comment must: + +1) Show an reasonable engagement with the material of the article. This can be done by asking a related question, critiquing the article's argument, discussing economic theory bringing up new sources, etc. + +2) In addition, comments which are jokes, personal anecdotes or are overly political are prohibited. + +Comments that do not fit within these guidelines will be removed. Posters who show a history of posting these kinds of comments repeatedly will be warned and eventually banned. + +##Engagement With The Article + +Discussion of an article can only occur when posters have actually read the article. This may seem obvious, but we receive a large volume of comments that are just reactions to the headline or quick broad statements on the topic area. Comments where it is clear that the poster has not read the article will be removed. This doesn't mean every comment has to be a point by point commentary. What it does mean is we will remove comments that are too short to make a coherent argument or make no mention to anything beyond the title. In addition we will remove comments that clearly show an ignorance of the article such as posts that accuse the authors of ignoring information included in the article, or do not mention anything beyond a simple reaction to the headline. Good questions about the content of the article, or the facts which would place the article into better context are allowed and encouraged. + +* Good: I'm not sure the author's reaction to the minimum wage study is appropriate, given that they didn't examine whether or not specific subgroups in the population might be impacted more than others. +* Bad: Everyone knows a minimum wage is going to cost jobs. +* Bad: You can't really get by on the current minimum wage, it needs to be higher. + + +##Political Comments + +Economics is concerned with public policy which means its subject matter is frequently the subject of political debate. While we recognize it's impossible to have an economics forum and not touch on politics, economics itself is not a political exercise. Posters should be sure to focus on the economic mechanisms and arguments of articles posted here while avoiding comments or discussions that would better be left to /r/politics or cable news. + +* Good: I don't think it's appropriate to pass a tax cut that will increase the deficit while the economy is booming - this should be the time when we balance the budget and pay off some of the debt. +* Bad: Of course the GOP and their minions just want to slash taxes on the rich, damn the consequences. +* Bad: Liberals weren't concerned about the deficit while Obama was president, but under Trump now they're super concerned about the deficit, huh? + +##Personal Anecdotes + +Comments whose arguments rely solely on personal anecdotes will be removed. This reflects the fact that personal anecdotes are specific to individuals and cannot be properly placed into context without further information. Thus they cannot be the basis of a proper economic argument. If the main point of your comment is a personal anecdote, it will be removed. + +* Good: According to this research paper, the premium for a college education is still near all-time high levels. +* Bad: My school was basically useless - when I got my job, I didn't use anything I learned in college. +* Bad: Everyone in my family has gone into the trades, and we make way more money than the people in my town who went to college. + +##A Note on Bigotry + +The /r/economics modteam strives to create an inclusive space to discuss economics. As such we have no tolerance for racism, sexism or other bigotry. All offenders will be banned. + +-------------- + +You may have noticed that the mod team has been stepping up Rule VI enforcement in the last few days - please expect this continue. We hope these changes will allow higher quality discussions to flourish. Please report any comments that you believe break these rules in order to help the mod team implement these changes. We welcome any feedback or questions on these policies in the comment section. + +- The mods +After sifting through, it seems like nobody was interested on the cases of Turkey, Greece, Thailand, Vietnam, Finland, etc. Can anyone shed some light on these countries' cases? + +**EDIT3**: So after connecting few dots here and there, it seems like foreign support, education, and "economic freedom" are correlated and I think I can safely claim that these are dominant factors towards bettering a country/state and population density is rather irrelevant (though I'm still just a tad bit skeptical about that). Should there be anything else added or should something be removed? + +**EDIT4**: I heard from a *reliable* source that heritage.org's view on "economic freedom" is rather conservative. There seems to be a bit of criticism of it within the comments and a bit of support of it as well. I have no idea how to determine this situation on economic freedom because I'm a newbie, but I'm leaning towards skepticism. Either way, this is a connectable coincidence and a major one, therefore can't really disregard it either. I will try to further my research on this subject, though it seems like there's nothing much to Google about it. + +------------------------------------------------------------------------------------- + +**TL;DR** My questions are: what made Hong Kong, Taiwan, Korea, Japan so successful as dense countries (or city-states)? + +Is education key for a country's success? (It seems like this is one of the major and dominant contributing factors) + +Can Holland be the cause for Japan's growth? (It seems like this is a no) + +**If countries such as Finland, Norway, Canada, New Zealand were to be as dense, would they be able to hold high density? (Nobody really touched over these countries--can someone help?)** + +**What about developing countries with potential such as Turkey, Vietnam, Greece, and Thailand? Why didn't these countries have much luck on development? (Not really touched over either...)** + +----------------------------------------------------------------------------------- + +I had a rather mind-blowing realization--looking at the top 50 on the [list of countries by density](http://en.wikipedia.org/wiki/List_of_sovereign_states_and_dependent_territories_by_population_density) and taking a closer look at which countries are in the *upper class* (for lack of better word... it can be rephrased as good education, infrastructure, household income, dispersion of modern technology as well) are Singapore, Hong Kong, Taiwan, Korea, Japan--the [Four Asian Tigers](http://en.wikipedia.org/wiki/Four_Asian_Tigers) + Japan. + +Now here is the confusing part: what made these countries so successful? [These countries rank highest in the world when it comes to secondary education. (scroll down for inclusion of Asian city-states](http://www.guardian.co.uk/news/datablog/2010/dec/07/world-education-rankings-maths-science-reading). Does this mean that education is the key for a country's success? + +**I'm clueless when it comes to economics (though very interested) and I was hoping if someone was able to explain/predict if countries such as Finland, Norway, Canada, New Zealand, etc. were able to hold such high densities.** + +After a bit of research, I somewhat have an idea on how Korea and Japan grew, but still rather confused on how Japan grew--I'm taking a guess that it was because of Holland's influence in Japan, but is it? I'm also interested in growth of Finland, Norway, etc., but I haven't had much luck on pinpointing the cause(s) of growth--apparently, Korea's rapid growth was caused by its prime minister's planning on sending the brightest students overseas to come back and improve the country, though of course, it can be many other factors as well. + +What about developing countries with potential? Though I'm only taking few guesses, I'd guess that Turkey, Vietnam, Greece, Thailand have some potential out of the countries with relatively high density. Though I can't say much about Vietnam because of its government, are there any pinpoint-able causes on how to accelerate growth in these countries? Why didn't these countries have as much luck on development? + +Thanks for reading--I hope I perked your interest as did mine! + +**EDIT**: Could landmass also be a factor? I think it makes a lot of things easier if you had smaller land mass for dispersion of technology or just transportation in general--just taking another guess. + +**EDIT2**: Just sharing what I learned from responses. + +To note on the side, it seems like I didn't get my message clear on density. I was trying to convey that densely populated countries are rather slow on development, but these countries were able to improve drastically. + +Additional side note, I understand that there is no single factor towards a success--all I'm trying to do is gather the evidences, or multiple factors, towards the countries' successes and perhaps find some kind of magical answer and draw my own imaginary conclusions just for curiosity's sake. + +Learned from BrettMorningwood, it seems that [Korea's annual length of working hours is longest in the world (click on the down arrow on 2010)](http://stats.oecd.org/Index.aspx?DataSetCode=ANHRS), yet Greece, which is right below Korea, was not as fortunate. My guess is the conversion towards Euro, but more knowledge is welcome! + +I also learned few yet major points on Singapore and Hong Kong's cases. As BrettMorningwood commented, they were bolstered from the British. Not only that, they offered a lot of services *during crucial times* (instead of goods), which *requires* education. + +As Maddox17 pointed out, Norway was fortunate to have oil. I also believe that it is one of the major reasons, but what about their tax rates? [They have really high tax rates (whoa, they actually reduced from 50% to 40%)](http://www.taxrates.cc/html/norway-tax-rates.html) which provides great social services, therefore, education; [they also have the highest Human Development Index in the world (however trivial calculating quality of life into numbers may be)](http://en.wikipedia.org/wiki/Human_Development_Index). Is it agreeable, then, if I say that Norway is able to uphold high density? + +Another thing I learned from Maddox17 is [economic freedom](http://www.heritage.org/index/Ranking). A lot of the mentioned "upper class" countries have high economic freedom with the exception of Norway and Korea, but as mentioned previously from BrettMorningwood and Maddox17's point on annual working hours for Korea and oil for Norway, they may not need such high economic freedom. Is it agreeable that these were the tradeoffs, balancing their economic freedom, for their successes? +Welcome to the open discussion thread. + +This space is reserved for open discussion or questions on research and news on economics. + +Talk about economics among yourselves. +[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/) +[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/) +How realistic would it be to make 1-1.5 percent a month selling premium. Cash secured puts for income and or wheel strategy’s 550k-600K portfolio. Does anyone do this with this sore of capital? +Anyone have any idea how the first interest rate hike, by the feds in 2022, will do to the market? + +I've looked at historic rate hikes and their effects back to Dec. 2017. It's kind of a mixed back. For the most part there was a slight dip in the market, the days the interest rate hikes are announced. The exception was 12/18/2018. Apparently people were dreading that interest rate hike and the market just sold off. But this all occurred during good economic times and low inflation. + +I'm not sure how todays market will react, with high inflation, high number of open jobs, and the threat of covid still going on. + +If this is a dumb question I'm sorry. +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. +My net worth since joining this sub is down to $7, and in Chicago there's no way to get a pack of cigarettes for that price. I haven't smoked in a week now, and I feel great! So thank you all very much! +2015 Price doesn't move much. I need more action. + +2016 $1000 for one coin. It never was higher. I am not stupid. + +2017 Bitcoin price went up all year long. I am not stupid. + +2018 Bitcoin has fallen nearly every day this year. It's dead. + +2019 It went up all the year. I am not stupid. + +2020 The new hype pushed it to new highs. I am not stupid. + +June 2021 The hype is over. 6 years ago i would have bought it. +tl;dr: Bitcoin got some exposure in local newspapers as Croatian national bank (CNB) gave its opinion that Bitcoin is legal, and the most notable mention was a piece on Bitcoin that got aired on 19:30 national television news on Monday. + +CNB took the very liberal stand that echoes European central bank [document on virtual currency schemes from October 2012](http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf), noting that Bitcoin is not illegal in Croatia. They said that it is not electronic money since it's not debt to the issuer (although it has some similarities with electronic money), and that it is not legal tender in Croatia but can be legally used. Croatian kunas (HRK) are the official means of payment in Croatia, but in some cases payment in other currencies is allowed, such as when person/company from Croatia is transacting with another entity from outside of Croatia. I suspect that Bitcoins fall under this category though no concrete guidelines are given. Bitcoin is thus defined as "virtual currency scheme" such as Linden dollars or WoW gold. + +CNB commented that money is social institution, and that it's not unusual that money is evolving as influenced by the Internet, and established that Bitcoin is at the moment not regulated or directly monitored, but that regulation will probably in the future fall under the jurisdiction of central banks. + +[CNB piece link](http://translate.google.com/translate?hl=en&sl=hr&tl=en&u=http%3A%2F%2Fwww.poslovni.hr%2Ftrzista%2Fhnb-bitcoin-je-poput-zlata-u-world-of-warcraftu-i-linden-dolara-u-second-lifeu-258543) - the notification in Croatian on the bottom is because of EU cookies law. + +TV news piece interviewed local apartments owner, [Lunea apartments in Dubrovnik](http://luneadubrovnik.wordpress.com/reservations/), that accepts Bitcon, inteviewed local business analyst and a guy identified as "Bitcoin entrepreneur", and mentioned that guy who threw hard disk with a bunch of bitcoins in trash. +The coins exist publicly on the blockchain sitting on everyone's computer running the full client. Can one really be said to "own" Satoshi's if they exist everywhere? + +This leads me to believe that what we "own" is the private key. It seems there may be legal implications of this down the road. + +Note: I am not a lawyer, I am an idiot. +We’ve all seen them. A community for a coin that has a cult like following for a project that is just, not going anywhere. + +Either it suffered a rugpull, or has no utility, or the larger crypto space just doesn’t care about it anymore, this community just won’t give up on it. + +More than that, their extremely bullish for the future, with no logical reason that’s grounded in reality. + +Does a name pop into your head? + +Does this sound like any community you know? + +Which community gets your vote for their foolish but unwavering faith? + +My vote, very honestly, has to go to the folks at Bitcoin Cash, who are still excited about a project that no one else seems to be at all. They forked and have never returned to their all time high. It just seems like their legacy keeps them even slightly relevant, but they are still sure that they’re going to change the world. + +Edit: Y’all need to give explanations. I need reasons! +His last tweet about either Hold or Hodl was obviously in response to Elons poll to Hold or Sell. I think hes trolling Elon with this one too. Elon is obviously using twitter posts as a poor disguise for an excuse to sell shares. So RC makes a very poorly disguised twitter post to show that we all can read right through it. Also the message is most likely directed at Elon. + +Just my smooth brain take on it. +Hi All + +&#x200B; + +My partner had a Skoda on PCP which ended today, but she bought a new car on a new deal with Skoda yesterday. + +&#x200B; + +Skoda put a note on her Finance account and sent a letter to VW Finance to not take the balloon payment from her account. Skoda also sent VW Finance the money to settle the finance. + +&#x200B; + +This morning VW Finance took £5k from my partners account causing her to go overdrawn. + +&#x200B; + +After ringing VW Finance they said the money will be back in my partners account in 1-2 weeks. + +My partner also rang their bank and told them what happened and they said that her credit history will show a large unplanned overdrawn and said this seriously effect any future borrowing for the next 7 years. They froze her account until the money is put back in my partner's account. This means she no longer can pay for her medicine prescription and anything else that was scheduled to be paid will also now show as being a missed payment. + +&#x200B; + +Apparently she gets a headed letter saying what has happened and she will need to hold onto that for the next 7 years. + +&#x200B; + +We are literally due to exchange on a house in the next few days + +&#x200B; + +Is there anything we can do? Are we entitled to anything? + +&#x200B; + +I think it's pretty poor that my partner has to wait this long to get the money back. Money that should never have left her account anyway. Especially as it will effect her finances long term after the fact. + + +Update: +Skoda has sent £5k into my partners account. +VW finance will either refund us or Skoda. If they refund us then we have been asked to send the money to Skoda. Hopefully they will just sort it out themselves though + + +Thank you everyone for all of your comments +Already received my £200 from nationwide (two days, whereas may not get RBS until January and switch was completed weeks before). I can't find anything in their T&Cs as to how long the account needs to stay active for- anyone else know? Also, is there a discord or alternative place for these switching questions? +It hurts to even write this, but I suppose it's been a long time coming. I appreciate that it will all sound so ridiculous (how could I have got in this position?) but nevertheless I am. I will sound like the scummiest person on the planet (it will be come clear) but I just acted out of desperation, and now am so lost I can't help but consider ending everything. My current position is where I have almost £0 to spend, and £17,500 in debt. + +To break that down further: + +* £4500 in overdrafts (interest-free) +* £8000 in credit cards (one long term at £7k, two of £500 more recently acquired which are interest-free at the moment to try and ease things). APR on the long term one isn't too bad, about £80/month repayments. +* £5000 PayPal credit - this is a big APR one, around 22% I think. + +It all stems from credit that I have acquired over the last 5 years or so. Squandered it all, didn't plan for repayments. When I say it's been squandered, there are no tangible assets to sell to pay it off now. A lot of it came from when I had a job before starting university, whereas now (whilst in my last year) I have virtually no income and crippling levels of debt that are just accumulating interest. The only payments I receive are about £550 a month from grants/a little from parents, and then the triannual SLC bursary of about £600 every 4 months. That's it. I'm *very* likely to have a change in circumstances within the next 10 months due to guaranteed work, and that'll be around £26,000/pa but that's a long way off and I won't make it that far in my view... + +I have always been terrible with money, my fiancee had to bail me out once. I ended up spending the money in our Help to Buy ISA to try and cover my personal debts, and I never told her. (There's the scummy part) I haven't confessed to all my woes because I'm terrified of the fact I *have* broken her trust again. + +There hasn't been a single day or night where this hasn't plagued me with anxiety, but I don't know how to even start seeking help without destroying my life. I can't help but feel like this is not a way that's worth living - if I act on this I probably lose everything. If I don't, I will certainly end up bankrupt and will lose everything anyway. Please help :( +Throwaway account as I'd like to remain anonymous. + +Long story short my partner has been cheating on me and I moved out a couple of days ago to my parents to heal. + +We have a joint tenancy agreement on a flat in which she is still living. The day after my leaving she has had the individual over, and is not being particularly nice about it. Quite vile behaviour actually. And this is likely to continue. + +I've started the process of ending the lease, which has a break clause which I'm going to enact, I've been told this will likely be rent paid up until February. + +I'm looking for advice on how to either get out of this early or stop her from having this individual in my home. As I'm now basically forking out a large sum of money to essentially provider her and him a comfortable place to be disgusting. + + + + + +TL:DR: girlfriend is cheating and having the man over regularly whilst I pay half the rent. How do I get out of this. +- Our minds are not trained to handle small fractional numbers, so when you read a price like "0.0172 BTC", I have to count zero's and do arithmetic to make sense of that number. 17.2 mBTC is so much easier to understand and compare. As a test, go ahead and say the number 15441. You will have no problems. Now say 0.0015441. Good luck! +- $16000 is a lot of money. Of course its not rational, but as a price for bitcoin, such a high number scares people, as they consider $1 or €1 as a baseline and no other currency is denominated remotely like it. mBTC makes it seem more accessible. +- You wouldnt believe how many people dont realize bitcoin is divisible and think its like a share, and you cant buy fractions. Using mBTC helps clear up at least this misconception. + + +Edit: reading the comments, I think we may need another hardfork :p +This will be my 5th earnings call as a GME investor. Been in this stock for over a year and ate $40k red crayons while I’ve continued to buy the dip. DFV has never seen a positive earnings call… Every earnings call has been a dip. I love the hype this week, and we all have to be hyped naturally. RC tweets are titalitng. + +But I just want to say something that hopefully puts things in perspective. If someone told you, you could 5000x+ your investment in 3 years would you worry about the day to day? Or just fucking chill and zoom out. We are sitting on a winning lottery ticket. + +I encourage all old apes and new apes alike to realize that we are on our way to riches. But it’s not going to be overnight. We are fighting against the most powerful people on Wall Street. + +Look at overstock, Tesla, etc these stocks took years to squeeze, and GME will be no different. I can’t say when but I can say whatever happens tomorrow. Chin up. Head held high. We’re changing the game and we will win. + +We have the opportunity of a lifetime with the this current price point to buy more. We DRS our shares and have built a community that rivals apple, Tesla, etc + +We are still early, and I encourage everyone to think in a longer timeframe to not get discouraged on the day to day. Whatever happens tomorrow, apes strong together 🦍🩳🏴‍☠️☠️ +I want to preface this post by saying that I *personally* only trade stocks at the moment and do not have a ton of experience trading options, which is why all of my posts and education are based around stocks. With that being said, I have done my fair share of options trading in the past and definitely know enough of the basics to share for all the traders that ask me about options on a daily basis. If you already have a bit of experience with options, this post may not be very beneficial to you because I'm just going to cover the basics of options, how they work, and give a quick rundown on ways that you can trade them! + +First and foremost, **what are options?** Options are actually... *options*. When you buy an option contract, you then have the option to buy or sell the underlying stock at a pre-determined price up to a pre-specified date. If you decide to do this, you are then "exercising" your options. + +There are two types of options that you can trade, which are call options and put options. **Call options,** or just "calls," allow the holder to **buy** at the pre-determined price and are the options equivalent to simply buying or longing the underlying stock. Because of this, your call options' price will generally rise as the price of the underlying stock rises. **Put options,** or just "puts," allow the holder to **sell** at the pre-determined price and are the options equivalent to short-selling the underlying stock. Because of this, your put options' price will generally rise as the underlying stock declines. Because one single option contract represent 100 shares of the underlying stock, you would have 100 shares of that stock for every call contract that you exercised. + +[https://imgur.com/a/WQrLJ1y](https://imgur.com/a/WQrLJ1y) + +Now, the pre-determined price that you can either buy or sell you shares at by exercising your option contract(s) is known as the **strike price.** When buying options you have to choose a strike price, along with an **expiration date,** which is the last day that your options can be exercised. Both the strike price and expiration date play a big role in choosing which contracts to buy, because they greatly affect how the options will trade. Before getting into why these have such a big affect on the options, it's important to know a bit more general options information. + +*As for strike prices,* there are really two main kinds. **In The Money (ITM)** and **Out of The Money (OTM)**. ITM and OTM refer to the underlying stock's price in relation to the strike price of the contract. Calls with a strike price below the current price of the underlying stock are considered ITM, whereas calls with a strike price above the current price would be considered OTM. On the other side of the spectrum... since you want the stock's price to go down when you own puts, your put options would be ITM if the strike price is above the current stock price and OTM if the strike price is below the current stock price. + +[https://imgur.com/a/MgopDLP](https://imgur.com/a/MgopDLP) + +I know it's a bit confusing if you're new to options. **To give an example:** If stock XYZ was trading at $100, a call option with a strike price of $90 would be ITM since the underlying stock is already above the strike price. However since calls and puts are essentially opposite, a put with a strike price of $90 would be an OTM put in this scenario. + +Whether an option is ITM or OTM has a big impact on how to option will trade. The main reason for this is because **all** OTM options are **worthless** at expiration. This means that if you invested $100 by buying one call option at $1.00 ($1.00 x 100), your contract would be worth $0 if it was OTM at the market's close on the expiration date and you would lose your full $100 investment. Because of this, OTM options are generally higher risk, higher reward than ITM options. Although ITM won't be worthless at expiration like OTM options, they will still lose value over time because all options are affected by time decay. + +**Time decay** in options causes the price of the contracts, also known as the **premium**, to decrease as it gets closer to expiration. This alone makes being a profitable options trader much more difficult in my opinion, because even if the price of the underlying stocks remains the same for days at a time, both calls and puts will decrease in value because of the time decay. So in order to profit from options, you have to not only be right about the stock's direction, but you have to time it near perfectly as well to avoid your position from being eaten away by time decay. + +Time decay, along with other factors that go into analyzing options contracts, are represented by what are known as **Greeks.** The Greeks are theta, vega, delta, and gamma. Like I said, the meaning of this post is really just to cover the basics so I'm not going to go into a ton of detail on the Greeks in this post, but I do at least want to explain theta. **Theta** is the greek representing time decay in options. You can see an options theta (along with the other Greeks) before you even trade it and it can tell you how much the contract is expected to be affected by time decay. Generally, the theta will be higher for OTM options because they affected more significantly by time decay since they ultimately expire at $0. Similarly, theta will be higher for options that are a few weeks away from expiration compared to options a few months away from expiration, because they lose more value as the expiration date approaches. + +Theta makes general trading rules like *"don't fight the trend"* even more important. For example, if you bought calls in a downtrending stock because you thought that it was near its bottom, you would end up losing money because of theta if that stock did bottom out and started to consolidate at support. So in this situation you'd be correct about the stock finding the bottom, but you would still lose money if it didn't start to bounce back up quickly. If you had just bought the underlying stock rather than call options, you'd be at breakeven as the stock found its temporary bottom and began consolidating at support. + +[https://imgur.com/a/7i4avcU](https://imgur.com/a/7i4avcU) + +Although time decay can have a major negative impact on your options trades, there is actually a way to have it work in your favor. You can short options contracts, which is also called **writing.** Just like with shorting stocks, you profit from the price going down so time decay create profits for options that you sold short. In my opinion, this should really only be done by experienced traders though because writing options creates more overall risk than regular buying and selling. + +The reason is because there is technically no limit to how how options can go and if you short either calls or puts, you would lose money as the options increase in price. It's the same reason that many people are afraid to short-sell stocks, but options are generally more volatile, which creates even more risk. Even though I wouldn't necessarily recommend it for beginners, I wanted to at least explain the concept of writing options in this post. + +Regardless of how you trade options, it's important to at least understand all of these factors that go into their fluctuations and how their premiums are priced. Like any other type of trading, you should only be using money that you can afford to lose in its entirety while trading options... especially if you're trading the extremely volatile contracts that are near their expiration, which are the ones that attract so many traders because of their ability to make big runs in a short period of time. + +Maybe after this you'll see why I stick to trading stocks rather than options. They can definitely be a great tools for experienced traders, but they're much more complex than most new traders think and can be very dangerous for inexperienced traders that are enticed by the big potential returns. + +Hope this was helpful, let me know what ya think!! +See my previous AMD DDs: [https://www.reddit.com/r/wallstreetbets/comments/mkljmv/amd\_increasing\_production\_by\_20\_in\_q2\_buy\_before/](https://www.reddit.com/r/wallstreetbets/comments/mkljmv/amd_increasing_production_by_20_in_q2_buy_before/) +[https://www.reddit.com/r/wallstreetbets/comments/mdwvby/the\_amd\_boom\_is\_still\_coming\_heres\_why/](https://www.reddit.com/r/wallstreetbets/comments/mdwvby/the_amd_boom_is_still_coming_heres_why/) + +Everything there came true, except the stock is down today. Why? Well take a look at the short interest. AMD is the most heavily shorted stock in the semi industry. The latest there shows 82.7M shares sold short on 4/15 with price at $85.21. That means they need to keep the stock under $85 to make their precious profit. They also want to keep the stock down in order to get a good buy-in for the Xilinx deal. Which means it seems they're trying to keep the stock down for the entire year until the Xilinx deal closes, that's a long time to keep up negative pressure. Meanwhile, AMD is going to continue to get upgrades and price target increases. + +I know everyone hates Jim Cramer but this is what he said in regards to AMD on the AAP call this morning: +"This is just a buy. I mean, you gotta buy it very aggressively here. Because if it weren't for the Xilinx arbitrage, it would probably be up. But remember, it has to be shorted if you want to buy Xilinx and that's what's killing them. Because people just keep shorting it all day. There's 51M shares traded, which is rather remarkable." + +One could speculate that Intel is coming in to steal AMD's thunder but in yesterday's earnings call, AMD put that to rest. Intel's datacenter sales were down 20% YoY which Intel last week said was NOT due to competition but due to customers "digesting" existing purchases and that this is a slow time of year for data center sales. AMD's Dr. Lisa Su shows 100% growth in datacenter sales YoY saying customer demand is strong and accelerating, basically calling Intel liars and that AMD is taking all that market share with no slow down in sight. + +One could speculate that Nvidia is going to challenge AMD in the datacenter but Su Bae dismissed it in the earnings call saying customers are not asking for ARM chips, and AMD would build them if they were. Basically saying that building an ARM processor for the datacenter would be like building a solution to a problem no one has, and no one is asking for, there's no money in it. + +One could speculate that the "chip shortage" will negatively impact AMD. But the good doctor put that to rest yesterday as well confirming rumors that AMD is increasing production by 20% in Q2 which reflected in them raising guidance for 50% growth in 2021! By contrast, Intel is expecting 0% growth this year. + +All of this positive growth and lack of industry competition means AMD is going to continue killing in quarter after quarter which will push analysts to keep upgrading the stock and price targets which will make it harder and harder for hedge funds to keep up the negative pressure throughout the year. + +With AMD, there's no need for individual investors to try to turn it around on the short sells, it's going to happen naturally due to continued analyst upgrades, we don't have to do anything. I recommend getting on board now and being patient, because when it pops and the short sellers give up/move on, when the negative pressure cannot contain the buying from institutions and individual investors on analyst upgrades, it's going to explode. + +AMD Positions: 550 shares, various call options with expirations from June 2021 to June 2022. + +UPDATE: BoA upgraded AMD price target from $100 to $110 and named AMD their #1 pick in all of computing. Rosenblatt has a $135 price target. It's only a matter of time before upward pressure overcomes downward pressure and this thing explodes. +Hello +Throwaway account and apologies for formatting - on mobile etc. +So I'm due to get married next year and I've recenently found out my partner is having severe money troubles. I don't know the full extent of it yet but it appears to me she's got herself into a mess with store cards, constantly being overdrawn and payday loans. I think she's talking to someone currently about an IVA. +I can't be sure on any of the details because she doesn't yet know I know - I'm not here for relationship advice and I will be speaking to her in due course about it and doing everything possible to help - including making sure she gets proper professional help. +My question is though, worst case scenario and she's got CCJs or even gets made bankrupt in the future - how would that impact on my credit history as her husband? +Would I have any trouble getting a mortgage in my own name for example? +I'm also slightly concerned about my job - which is in financial services where I'm routinely credit checked and any issues would almost certainly impact on future career opportunities. +Thanks in advance + + +Update. Thank you to everyone who's posted. I'm happy to provide an update (if that's allowed) once I've spoken to her about it - which will probably be tomorrow evening (the 5th) +http://www.bbc.co.uk/news/av/uk-england-birmingham-42732753/carillion-worker-with-a-fiver-left-to-his-name + +This right here is why everyone should have an emergency fund. + +Yes, I'm sure Carillion bosses have made some monumental mismanagement mistakes (and it is absolutely right that they be investigated), but each and every one of us has a responsibility to ourselves to manage our own financial situations to make sure that we can survive something like this. +Ofgem have announced an increase to the price cap https://www.ofgem.gov.uk/publications/ofgem-updates-price-cap-level-and-tightens-rules-suppliers + +*Ofgem has announced the energy price cap will increase to £3,549 per year for dual fuel for an average household from 1 October 2022.* + + +To keep the sub from being flooded with lots of similar threads please ensure that all discussion is kept to this one post. + +Keep the topic on post and avoid political discussions. There are other subs for political discussions. + +BBC Live thread - https://www.bbc.co.uk/news/live/uk-62633742 + +MSE Post - https://www.moneysavingexpert.com/utilities/what-are-the-price-cap-unit-rates-/ +I received an email from HMRC about a tax refund, and disclosed my details +called the bank to let them know I made this mistake. + +The day after, I got a call from the bank telling me that my account was compromised and that I need to transfer my funds to a “secure account”. +It was the same number that is on the back of the card. I then transferred everything in my account plus overdraft. + +When I realised I was scammed, I went into my local santander branch. They told me they are not liable for financial loss despite someone using their phone number. + +I've called the police and filed a complaint on the financial ombudsmen website. Is there anything else I could do? + +Thanks for reading +I lurk here because I am entertained by the enthusiasm. Many of you remind me of myself 12 years ago. I think many of you younger guys who read this sub just learned an important lesson, so I'm going to bring it home. + +NOBODY KNOWS WHAT THE FUCK IS GOING TO HAPPEN NEXT. + +TA is good at interpreting the past, but if it was able to actually predict the future then somebody already wrote a script that can suck the value out of that play faster than any of our monkey brains can. + +This is true regarding ETH, BTC, the price of gold, the S&P, bond yields, you name it. Trading is not much different than gambling in the short term + +Two Warren Buffet quotes (I think): + +"The market can stay irrational for longer than you can stay solvent." + +In other words the market doesn't give a shit how smart you think you are, you either need the ability to wait or you should not be in it. + +"The market is a voting machine in the short term and a weighing machine in the long term." + +If you have time to wait then you'll see another cycle happen. If not, then you shouldn't be in it. + +Good luck, young bucks. Keep reading these subs for fun, but remember: + +NOBODY KNOWS WHAT THE FUCK THEY ARE TALKING ABOUT. +https://www.madfientist.com/best-and-worst-about-fi + +I have long appreciated that the Madfientist has been willing to talk about the emotional and psychological aspects of FI, before and after achieving FIRE. In this article this sentence stood out to me especially strongly: + +"If you’re unhappy when you’re working and you blame your job for all your problems, you may struggle after FI if you’re still unhappy." + +Many people recognize that FIRE is not the answer to all of their problems, and that by itself FIRE might not make the happy. But I think a lot of people see work as the main barrier to happiness and FIRE as a panacea. While that is true for some people, I think Madfientist does a good job of pointing out that you might not like what you find when you do achieve FIRE. + +Do you think that Madfientist's concerns are relevant to your FIRE journey? +I'm pretty tech savvy, and today I fell for my first phishing scam... and ooh boy was it a fucking big one. + +I've been wondering if I'd get a tax refund for a while and I got a text message today from 'InfoHM'. I was bleary eyed from waking up early and at work sipping coffee and the excitement of what my tax refund would be overwhelmed my normally pretty rational brain. + +The text read 'You have one notification from HMRC: https://' and it was a bit.ly link that followed. + +I excitedly clicked it and was taken to a website that was a splitting image of the Gov.uk website - I cracked on, first putting in my national insurance number and date of birth to be informed of, wow, a £462 tax refund! How exciting! + +I excitedly continued on (god I'm cringing so hard) entering *every single piece of security-sensitive information*. Address, card number, bank details, mother's fucking maiden name. I didn't even think twice about giving out this information to this website that, on my mobile, looked exactly like the Gov.UK website. + +You don't need to tell me I'm an idiot, I know I'm an idiot, this is one of the most idiotic things I've ever done. + +Obviously I've cancelled my card and requested a new one, but I'm trying to find ways to basically protect all the other bits. I've used a password manager for years so I'm not too worried about that but with the mother's maiden name there's a likelihood they'll be able to change passwords. I'm also concerned that with my national insurance number and various pieces of information about my identity there's a likelihood that at some point in the future I'm gonna have to deal with the repurcussions of this one stupid lack of judgment in a moment of blind excitement at having my monthly expenditure momentarily eased. + +I'd really appreciate any advice on how to proceed, and I would really appreciate not being called an imbecile - I know it already. + +Edit: I've reported to ActionFraud and HMRC and I'm currently applying for Protective Registration with CIFAS. + +Second edit: reflecting upon why I fell for it so easily, having applied for several tax refunds in Australia from living and working there, you actually do go online and enter payment details so I was used to doing this. +I agreed to be a guarantor for a friend (XYZ) who has since ghosted me. To the tune of £8k + +I complainted to Amigo loans using the template from Debtcamel at the end of last year and in Jan 2020 I received an email saying they were not upholding my complaint etc. + +I didn't forward to the FOS for various reasons including Covid. + +I also did not hear anything from Amigo Loans until today, where they have emailed me asking: + +&#x200B; + +>I am writing to you in relation to an investigation we are completing on XYZ's loan agreements. To help us with our investigation, we would be grateful if you could provide us with some additional information. +> +>To ensure we have the most up to date contact details for you, please log in to your Amigo account and ensure your personal details are correct. This includes mobile phone numbers, email address(es), address including postcode. +> +>**Our standard approach to redress** +> +>Our records indicate that you have made some of the payments against one or more of the loan agreements that are the subject of XYZ's investigation. In the event that we uphold XYZ's complaint, we will also look to provide you with an offer of redress. +> +>Our normal approach to calculating redress is to refund the guarantor for all the payments that have been made by them, in respect of any loan agreement, when a borrower complaint is ultimately upheld. We offset these refunds to the guarantor against any redress that we owe to the borrower. In some cases, where the redress due to the guarantor is greater than the redress due to the borrower, there may be an increase in the borrower's outstanding loan balance. +> +>However we are aware that, in some instances, borrowers and guarantors may have entered into separate arrangements whereby some or all of the guarantors payments may have been refunded by the borrower. Amigo wants to ensure that the redress we calculate for you and XYZ best reflects the situation, and that the calculation of redress reflects the reality of payments that have been made. +> +>**What you need to do** +> +>To enable us to better allocate any potential redress between yourself and XYZ, please complete a web-based questionnaire through your online Amigo account. +> +>This questionnaire should take around 10 minutes to complete. Please complete the questionnaire via your online account within 14 days. If no response is provided within 14 days the complaint investigation will progress based on the information we hold on your account. +> +>We have also contacted XYZ to obtain similar information from them. Where possible, it would be helpful if you were able to agree a consistent set of responses to the additional information that we have requested. Where this is not possible, we ask that you respond to the questions in any event. We will use the information provided by yourself and XYZ, as well as records of payments we hold on our system, to determine a fair allocation of redress. +> +>For the avoidance of doubt, we have not yet reached a decision on the outcome of XYZ's investigation. We are requesting this additional information so that in the event XYZ's complaint is upheld, we are in a position to calculate your redress as quickly as possible. +> +>**What happens next** +> +>We will be issuing you a written response following our investigation into XYZ's complaint. Confirmation will be given at this stage if any redress is due to you and XYZ. + +To date, I've still not heard anything from XYZ since late 2019 + +my financial situation is: I'm currently on Universal Credit, and have been since the beginning of the year. + +I left my full time job in 2019 to pursue a fledgling career in photography and have very little income from it. + +and I don't have much left in the way of savings. + +Would anyone be able to give me any advice on how to proceed with them at this stage please + +EDIT: + +Thank you to all who responded. + +to clarify, when the loan was initially taken out I had a job and salary that Amigo deemed I could afford it. Which, to be fair, was true on paper, nice job, savings. As mentioned, I then decided to take the plunge and change careers to being self-employed. And due to covid I've used up nearly all of my savings. + +XYZ tried to top the loan up however when Amigo tried to vet me again they decided I wasn't in a position to be guarantor if the loan was topped up. circa early 2019 +Just general curiosity on budgets mine is bellow for comment /downvotes / Advice + +Background single income household SAHM and toddler + +6300 - take home after 14% super and notated lease +NOTE: Paid monthly + +2000 mortgage payment (min is 1500) +2000 Wife money for food and toddler things +232 health insurance +100 Public transport +80 Home and contents insurance +200 Vangard EFT's +300 Phones, Internet and Disney + +80 lotto, VPN and union fees +230 daycare + +About 1050 left for the bills / splash cash + +All our big bills are paid via my OT /allowances + +I'd love to know what others do? +**PART 2: Introduction** + +This is part 2 of a multi-part installment series trying to explain some basic options concepts in a simple way apes can understand. You can [read part 1 here.](https://www.reddit.com/r/Superstonk/comments/qunfd5/apes_guide_to_options_part_1/). Some of you may have discovered part 1 after our favorite pom, u/criand, was kind enough to tag the post to bring some attention to it. + +I know options remain a controversial topic on GME subs, and I want to reiterate that I am NOT recommending apes do ANYTHING except **educate themselves and make their own financial decisions**. I believe that educated apes can decide for themselves whether they want to use options or not, but I also believe that apes shouldn't leave their heads in the sand and remain ignorant of one of the most important trading topics out there. Hence this series. I am not telling you to buy options, I am not telling you NOT to buy options. I am not a cat. I am soooo NOT a financial advisor and this is not financial advice. I'm not even a finance guy, just an ape who has learned a little bit along the way and would like to share my opinions and thoughts in a simple way apes can hopefully understand. If you want more advanced knowledge you can seek it out from a variety of sources online, including many apes in this very sub who know WAY more than me. Think of this series more like a primer. + +I want to open with this great image from u/Iam_Trogdor_AMA: https://external-preview.redd.it/06QFmBMmePKDiSPhK8bgxrJTBEmkWOyRTqAeLGO4Adc.jpg?width=1024&auto=webp&s=f89c8a78088c667c0097d8d21e7322917f864fef + +This couldn't be more true and is why education on options trading is so important before you chop your leg off. + +**NO FOMO, NO REGRET** + +I've seen a few apes beating themselves up for missing amazing options plays on Friday. This is common in trading because hindsight is 20/20 and you will always see trades after the fact that could've made you a fuck ton of money. This is only The Way is you want the way to FOMO. Let that shit go and invest rationally. Did DFV FOMO in at $350 on Jan 28? No. He knew his entry price targets and waited for them, at around $40 in Feb and $150 in April or some shit. He was patient AF. Be like DFV. Don't go FOMO-ing into super high IV calls after a run up hoping to catch it. + +**IV CRUSH** + +This shit is important. IV crush is this awful phenomenon that happens when IV drops rapidly, and so does the value of your option. This shit happens all the time with GME. It almost happened to me in the early November spike to $250. I was holding some calls, they shot up, I paper-handed the calls and sold them when the stock price was around $230, made like $40k. Then it kept going up, and my smooth-brained ass FOMO'd back into a few calls, except then it started dropping FAST, IV plummeted and I started taking a loss on the calls. I managed to exit quickly, so I didn't lose as much as I could have, but it still stung. If I had just been happy with my profits and bought shares I would've done MUCH better. + +It's really easy to get caught up in the excitement and hype of the moment. Don't let this get the best of you. Set clear entry and exit guidelines, do not break them, and be HAPPY with what profits you do make, not sad that you didn't make more. DON'T BE GREEDY. When in doubt, BUY HOLD DRS. + +**Exercising Options Options** + +I learned something new this weekend. Some fellow apes informed me that some brokers will allow you to exercise your calls without the funds on hand, then sell some of the shares to pay for the cost of exercising, then you keep the remaining shares. This lets you exercise without having a fuckton of money on hand. You may have to CALL your broker to make this trade though, and it may not work for all brokers, so maybe check before you do this. Also, I am sure a few shills will complain that this is "selling shares of GME" and thus bad, but it's actually net positive BUY/HOLD (i.e. you buy 100 shares, then sell back 50 to cover the cost of exercising, so you still bought 50 shares you wouldn't have bought otherwise). So to recap, there are (to the extent of my smooth-brained knowledge) 4 potential ways to exercise calls: + +- Be rich af and have the money in your brokerage account to cover the cost of the 100 shares at your call strike price (or use margin, but keep in mind that margin use may be restricted with some brokers on some stocks like GME) +- Sell some of the calls and use those profits to cover the cost of exercising the other calls. +- Call your broker and (if they allow it) tell them you want to exercise the calls then sell some of the shares to cover the cost of exercising. +- Grab your phone, open your brokerage account, and go for a run. + +**SELLING BASIC OPTIONS** + +You have 2 simple ways to sell options, you can sell "covered calls" or you can sell "cash-secured puts". When you go and buy a GME call, some other investor is selling that call to you. Yes, that's right. It's not Kenny selling you those calls. It's some random YouTube financial vlogger or some other random person. Selling an option is basically the opposite of buying one. So if buying a call is betting that the stock will go up to or above a certain price, then selling a call is betting that it will NOT go above that price. If buying a put is betting that the stock will go below a certain price, then selling a put is betting it will NOT go below that price. This is easiest to visualize on a graph such as on optionstrat.com, but basically, you'd want to sell covered calls on GME when you think it's going to go down or sideways, and sell cash-secured puts on GME when you think it's going to go sideways or up. This past week for example, we've all been expecting some upward movement, either due to the imminent NFT platform launch, u/leenixus' futures/cycles theory, etc. So, NOT a good week to sell covered calls. + +**COVERED CALLS** + +Why is it called a covered call? Well, you know from Part 1 how a call is worth 100 shares? Yeah, those are YOUR 100 shares. Let's say you own 500 shares of GME. You can sell up to 5 covered calls against those shares (Personally, I would probably only sell 1 or 2 at most though, for reasons you will see). Someone pays YOU the premium price of the call, and if GME goes above the strike price of the call, they will buy your 100 shares at that price. Let's do an example: + +You own 500 shares of GME and last week you sold 5 covered calls with a strike price of $220 to u/Leenixus expiring this Friday 11/26. You got paid a premium of, say, $1000 for each call x 5 = $5,000. If GME is NOT above $220 on Friday 11/26, you can to keep that $5k and Leenixus gets nothing. But oops! GME went above $220! Uh Oh! Now Leenixus can exercise his calls (if he has the money or can figure out how, see above) AT ANY TIME (with US options, european style options can only be exercised on the due date). But if/when Leenix decides to exercise his calls, you have to sell them to him for $220, regardless of what the price of GME is at the time. Now, you get the cash, so 100 shares x $220 = 22k, but if GME is now $300, you can't buy 100 shares back with that 22k, so you've lost in the end. + +Long story short, I would personally NEVER do covered calls against ALL my shares, especially at a time when most apes are expecting a run-up for reasonable reasons. It's a good way to lose shares/money. BUT, sell covered calls at the TOP of a PEAK and we're going back down? Huge cash generator, if you can time the peak, but it's risky IMO, because what if it's NOT the peak. + +**CASH-SECURED PUTS** + +Cash-secured Puts are basically like covered calls, except that instead of needing shares to cover the bet, you need CASH to cover the bet. This is because if the stock price falls to the strike price, you agree to BUY the shares for that price. This is a pretty good deal for GME in my opinion, because you kind of win either way. If the stock goes up, you keep the premium. If it goes down, you have to buy more GME. Let's do an example: + +Do you think GME is ever going down to $150 again? I don't, personally. But IF it did go down to $150, I would happily snap up 100 more shares. Soooo, I could sell a cash secured put, and if it doesn't fall to $150 I win the premium, and if it does, oh noooo more shares at $150, darn. + +The biggest downside to these IMO though is that they tie up your cash. So instead of using that cash to buy shares or buy calls, you're using it to cover the put bet. That being said, it's a low risk bet, as you will see if you throw it into a graph on optionstrat.com + +**Spreads and Other Crazy Shit** + +We're going to get into this stuff more next installment. I've got family/Thanksgiving/Indigenous People's Murder Day shit to do, so don't have time to blow everyone's mind with this crazy advanced stuff. Plus I want to give apes time to wrap their brains around all 4 basic plays first: Buy Call, Buy Put, Sell Call, Sell Put. + +Briefly, spreads and shit are when you buy/sell multiple combos of options at once. Obviously this gets complicated really fast. You buy/sell calls/puts at different prices/dates in various combos. For example, one profitable spread that optionstrat often suggests to me for GME is a "Bull Call Spread", where you buy a call a strike near the money, say on Monday morning I buy a $225 call, then you SELL a higher call at your target price, say $300. This has the effect of making you profit, but limiting both your upside AND your downside, so is a good way to make a high % gain without a lot of capital risk, but you risk losing the infinite upside of the call if MOASS actually starts and we go to phone book numbers. The sold call basically caps your gains, unless you sell it before it gets too high ;) + +And it gets crazier from there. We'll get there apes, together. See you on the moon! My tits are so jacked for next week it's not even funny. +I mean for Christ sakes!!! ...when the population and businesses have to tell its own Central Bank how totally screwed they are about their insights on inflation, where the fuck are all the REAL economists? This is almost laughable if it wasn't so god damn sad. + +Did they really need 2, not one, but 2 surveys to confirm what the 99% are living through right now due to this "transitory" inflation? + +[https://www.cbc.ca/news/business/bank-of-canada-surveys-1.6509618](https://www.cbc.ca/news/business/bank-of-canada-surveys-1.6509618) +https://www.bloomberg.com/news/articles/2019-09-12/trading-tax-would-be-devastating-high-speed-advocates-say + + +Trading Tax Would Be ‘Devastating,’ High-Speed Advocates Say + + + +A tax on Wall Street trading would probably end up hurting Main Street investors too, according to an advocacy group for high-speed traders. + +A financial-transaction tax proposed by U.S. Senator Bernie Sanders would deal a “major blow” to retirement and pension funds, university endowments, retirees and families saving for college, the Modern Markets Initiative said in a report released Thursday. For example, a person with $100,000 invested in a 401(k) over 40 years could expect to pay $64,200 in taxes over that period if a levy on trading is implemented, the group estimated. + +“The financial-transaction tax would have a devastating impact on investors across the board,” Modern Markets Initiative Chief Executive Officer Kirsten Wegner said in an interview. “This is a retirement tax that is going to hit everyone who invests” by reducing market liquidity and making it more expensive to trade, she said. + + + + +The report is the latest in the industry’s long-running fight against such proposals. Many high-frequency trading firms list a financial-transaction tax as a significant risk to their business model. + + + +Sanders and Senator Elizabeth Warren, another critic of Wall Street, will face off against other Democratic presidential candidates for a debate in Houston on Thursday. Analysts have warned that the Sanders plan -- which would pay off student debt by levying a tax on trading -- could make markets more volatile, with the costs ultimately borne by American households. +So you woke up this morning and you're portfolio showed nothing but red, maybe a few green sprinkled here and there. Maybe you feel like no matter how many hours of DD and work you put in everyday, nothing seems to work. There is no need to feel bad today, everyone is going through what you are going through right now. Today is not the day to panic sell and lose potential profits. Today is a day to take a break from constantly looking at stocks, this thread, stocktwits, twitter, and screeners. Today try learning something new, or start a new TV show or watch a movie, or call up some friends or family you haven't spent time with lately. Just do something today that doesn't keep your head wrapped up in the market. It is really easy to start stressing out about the market, but remember as easily as the market dips it rises as quickly too. You believe in the stocks you've invested in, they will pay off soon enough. Just let the market do its thing, have a great day y'all. +* **Company**: [Halo Collective](https://haloco.com/) +* **Industry**: Cannabis (vertically integrated) +* **Location**: West Vancouver, Canada +* **Operations**: [Cultivation, Manufacturing, Distribution, and Retail](https://haloco.com/operations/) +* **Ticker**: $HCANF ([OTC](https://research.tdameritrade.com/grid/public/research/stocks/summary?symbol=HCANF)), $HALO ([NEO](https://www.neo.inc/en/live/security-activity/HALO#!/market-depth)), $A9K ([Frankfurt](https://www.boerse-frankfurt.de/equity/halo-collective-inc)) +* **Share Price**: $0.13 +* **Market Capitalization**: $98.2M ([TDA](https://research.tdameritrade.com/grid/public/research/stocks/summary?symbol=HCANF)) +* **Shares Outstanding**: 438.34M ([Q3 2020 Report](https://haloco.com/wp-content/uploads/2021/01/Q3-2020-Financials-1.pdf)) +* **Average Volume (10 Day)**: 9.8M ([$HCANF](https://research.tdameritrade.com/grid/public/research/stocks/summary?symbol=HCANF)) +* **Investor Page**: [Link](https://haloco.com/investors/) +* **Financial Reports**: [Link](https://haloco.com/investors/#investors_financial) +* **SEDAR Filings**: [Link](https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00009013) +* **Q3 2020 Earnings Call**: [Link](https://www.youtube.com/watch?v=dhkEtWWwRMI) + +---------- + +**UPDATE** + +> "PeakBirch Logic Announces Partnership with Halo Collective to Develop Functional Mushroom Line" [source](https://finance.yahoo.com/news/peakbirch-logic-announces-partnership-halo-130000867.html?.tsrc=fin-srch) + +> "("PeakBirch" or the "Company") and Halo Collective Inc. ("Halo" ) (NEO: HALO) (OTCQB: HCANF formerly AGEEF) (FSE: A9K) are pleased to announce a partnership to bring new line of nutraceutical, non-psychoactive mushroom products to market." + +---------- + +**TICKER GUIDANCE** + +> On February 1st, 2021, Halo Collective [conducted a symbol change](https://www.prnewswire.com/news-releases/halo-announces-otcqx-ticker-symbol-change-to-hcanf-301220242.html#:~:text=Halo%20Collective%20Inc.&text=TORONTO%2C%20Feb.&text=(%22Halo%22%20or%20the%20%22,OTCQX%20from%20AGEEF%20to%20HCANF.) from $AGEEF to $HCANF, which trades on the OTCQB market. For investors with access to Canadian markets, Halo Collective trades as $HALO on the [NEO Exchange](https://www.neo.inc/en/home). For investors with access to German markets, Halo Collective trades as $A9K on the [Frankfurt](https://www.boerse-frankfurt.de/equity/halo-collective-inc) market. + +---------- + +**HIGHLIGHTS** + +* **1.** Halo Collective is a rapidly growing, vertically integrated cannabis company, which cultivates, manufactures, and distributes cannabis based products. +* **2.** Since inception, Halo Collective has [sold over 5 million grams of oils and concentrates](https://www.businesswire.com/news/home/20200424005564/en/Halo-Labs-Announces-First-Sale-of-Distillate-From-Superfiltration). +* **3.** During 2020, Halo Collective completed the acquisitions of [Ukiah Ventures Inc](https://www.businesswire.com/news/home/20200819005721/en/Halo-Closes-Ukiah-Ventures-Acquisition), [Bophelo Bioscience Wellness](https://www.businesswire.com/news/home/20200717005560/en/), [Crimson & Black](https://www.businesswire.com/news/home/20200306005095/en/REPEATHalo-Announces-Signing-of-Definitive-Agreement-To-Acquire-Crimson-Black), as well as a majority interest in [LKJ11](https://halocollective.dev/halo-news/halo-announces-planned-11-5-million-purchase-of-north-hollywood-cannabis-dispensary-cannabis-retail-management-company-2/), and a 25% interest in [Feel Better LLC](https://halocollective.dev/halo-news/halo-enters-partnership-with-flowershop-and-g-eazy/). +* **4.** Halo Collective's management team includes experienced, award winning executives, who have previously served in the cannabis industry, as well as several private and public companies and institutions, such as Merchant Bank, The White House, Namaste Technologies, Gold Leaf Holdings, The Brookings Institution, and Bain & Company. +* **5.** Halo Collective's Q3 2020 financial report indicates they have achieved positive quarterly operating income, an accomplishment that most cannabis companies have yet to reach. +* **6.** Since inception, shareholder equity has grown year over year. +* **7.** Partnership with Nabis enables Halo Collective to penetrate 99% of the California market. +* **8.** As of February 6th, 2021, Halo Collective reached peak popularity on [Google Trends](https://trends.google.com/trends/explore?q=halo%20collective&geo=US) +* **9.** Halo Collective is currently trading 25.27% below its 52 week high. +* **10.** Halo Collective has a historical volatility of 173.2%, indicating a very large magnitude for changes in price. +* **11.** + +---------- + +**COMPANY OVERVIEW** + +> Halo Collective, [formally Halo Labs](https://www.newswire.ca/news-releases/halo-labs-inc-announces-name-change-to-halo-collective-inc--818149921.html#:~:text=(%22Halo%22%20or%20the%20%22,to%20%22Halo%20Collective%20Inc.%22), is a Canada based, vertically integrated cannabis company, engaged in the cultivation, manufacturing and distribution of cannabis flower, oils, and concentrates. Since inception in 2015, this highly scalable company has sold over 5 million grams of oils and concentrates. They currently operate in the United States and Africa, and have prepared expansions into the European and Canadian markets. Their portfolio includes cannabis producers such as [Winberry Farms](https://winberryfarms.com/), one of the first recreational cannabis farms to be licensed in Oregon, [Decibal Farms](https://www.decibelfarms.com/), an Oregon based producer and processor of cannabis products, [High Desert Pure](https://www.highdesertpure.com/), a science and tech focused producer of cannabis inspired products, as well as proprietary brands, such as Exhale, Black Hat, Mojave, and Hush, which are distributed across dispensaries throughout Oregon and Nevada. To date, Halo Collective has licensed facilities in Medford, OR, Las Vegas, NV, and Cathedral City, CA, with plans to enter markets in Massachusetts and Florida. Led by an experienced and award winning team, Halo Collective has demonstrated significant growth and adaptability, especially following the disruptive changes in regulations within vaping industry. Their intentions are focused on developing front-to-back operations, with efforts to develop retail locations, proprietary brands, cultivation and processing. In [November](https://www.bloomberg.com/press-releases/2020-12-15/halo-labs-announces-november-record-sales), Halo Collective announced record year over year retail sales growth, with aggregate monthly sales to dispensaries in excess of $1.8M, and in [December](https://www.bloomberg.com/press-releases/2021-01-13/halo-labs-announces-december-record-sales) announced another record in sales growth, as the company reported aggregate unaudited monthly sales of approximately $2.3M. In their [Q3 2020 financial report](https://haloco.com/wp-content/uploads/2021/01/Q3-2020-Financials-1.pdf), Halo Collective demonstrated record third quarter results, with positive EBITDA and cash flow. + +---------- + +**BY THE NUMBERS** + +* Operates a team of over 240 employees. +* Maintains 23 licenses in Oregon, California, Nevada, Lesotho, United Kingdom, and Canada. +* Cultivates over 575 acres in East Evans Creek, Winberry, UVI, Bar X, and Bophelo. +* Manages 143,000 SQFT of drying, processing, blasting, distributing, and retail facilities. +* Sold over 4 million grams of cannabis flower since 2016. +* Sold over 8 million grams of cannabis oil since 2016. +* Offers 67 product lines, including flowers, oils, and concentrates. +* Capacity to produce 1,800 pre-rolls per hour, based on proprietary CannaFeels technology. + +---------- + +**LEADERSHIP** + +* **Executive Chairman**: Louisa Mojela + +> A graduate of the Executive Leadership Program at Wharton School of Business, Louisa Mojela is recognized as one of South Africa's most accomplished leaders in business. Her biography includes numerous accolades, such as winner of the African Business Leadership Award, a selection for the Leading Women Entrepreneur of the World Award, an inclusion as one of South Africa's Most Influential Women in Business and Government, and recipient of the Builders of the African Economy award. She is a co-founder and CEO of [WIPHOLD](https://www.wiphold.com/), a strategic investment corporation operating in mining, agriculture, and financial services. Previous to her leadership at Halo Collective, Louisa held positions at Standard Corporate, Merchant Bank, and Development Bank of Southern Africa. She currently serves on several boards, including Distell, Sun International, ABB SA, Sasol Mining, and Life Healthcare Group Holding. + +* **CEO & Co-Founder**: Kiran Sidhu + +> Mr. Sidhu is an experienced cannabis executive, entrepreneur, and former Mergers & Acquisitions banker at Merrill Lynch. Prior to his work at Halo, Mr. Sidhu was the Chairman, CEO, and founder of Transact Network, an electronic money institution that was sold to Bancorp in 2011. As the CFO of On Stage Entertainment, Mr. Sidhu's effort lead to a NASDAQ IPO. He remains Chair of the Audit Committee at Namaste Technologies. Mr. Sidhu holds a BA from Brown University and an MBA from Wharton University of Pennsylvania. + + + +* **Co-Founder & Chief Operating Officer**: Andreas Met + +> Mr. Met was the former Chairman, CEO, and founder of Transact Network, a leading EU electronic money institution, [which was sold](https://www.prnewswire.com/news-releases/the-bancorp-inc-and-transact-network-limited-have-entered-into-a-definitive-agreement-to-expand-bancorps-payment-solutions-presence-into-europe-166388476.html#:~:text=Bancorp%20and%20Transact%20Network%20have,principal%20assets%20from%20Transact%20Network.) to [Bancorp](https://www.thebancorp.com/) in 2011. Prior to leading Transact Network, Mr. Met worked in strategic consulting at PwC, and with capital markets at Merrill Lynch. + +* **Co-Founder & CFO**: Philip Van Den Berg + +> Prior to his role at Halo Collective, Mr. Van Den Berg served as the CFO of [Namaste Technologies](https://www.namastetechnologies.com) a leading online platform for cannabis products and accessories. In addition, Mr. Van Den Berg served as a member of the Board of Directors at [Golden Leaf Holdings](https://goldenleafholdings.com/), a consumer-driven cannabis company, specializing in production, processing, wholesale distribution, and retail sales, and one of Oregon's largest cannabis operators. + +* **President**: Katie Field + +> Katie is a graduate of Stanford University and Columbia Business School, where she earned an MBA. As an executive in both private and public sectors, Ms. Field has served at notable companies and institutions, such as The White House, The Brookings Institution, and Bain & Company. In 2014, she led the procurement, build out, and sale of one of five original vertically integrated state licenses in Florida. Previous to her work at Halo Collective, Katie served as Executive Vice President of Corporate Development at MariMed. + +---------- + +**OPERATIONS** + +> Halo Collective cultivates, manufactures, and distributes cannabis inspired products. Their vertical supply chain begins with cultivation and acquisition. They operate a 6 acre farm in Jackson County, with an additional 6,000 sqft of light dep greenhouses, a one acre farm in Eugene, OR, and a substantial network of partners, from which 1K+ lbs of flower per month are sourced. Plantings have grown to over 21 award winning strains. Their Medford based, 12,000 sqft facility produces their product lines, and their 3,000 sqft Eugene facility operates as their distribution hub. In 2000, the Evens Creek grow site produced approximately 18,000 lbs of dry weight cannabis. In Cathedral City and Ukiah, CA, Halo Collective maintains 20,000+ sqft of manufacturing with Type 7 and Type 6 licenses for volatile and non-volatile manufacturing, as well as Type 11 & 13 licenses for distribution. As a result of their partnership with [Nabis](https://www.nabis.com/), a leading distributor of cannabis products, Halo Collective penetrates 99% of the California market. In Lesotho, Africa, Bophelo operates a 1.2 hectare build, and anticipates a 2021 yield of approximately 800 kilograms of trimmed flower and 800 kilograms of material to produce medicinal cannabis oils. + +---------- + +**RECENT EVENTS** + +* "Halo Collective announces record monthly sales in January." [source](https://www.newswire.ca/news-releases/halo-collective-announces-record-monthly-sales-in-january-835846457.html) +* "Halo Labs announces name change to Halo Collective." [source](https://www.newswire.ca/news-releases/halo-labs-inc-announces-name-change-to-halo-collective-inc--818149921.html#:~:text=(%22Halo%22%20or%20the%20%22,to%20%22Halo%20Collective%20Inc.%22). +* "Halo Collective announces an unexpected surge in sales and enters into a commitment letter for CDN $10M unsecured credit line." [source](https://www.newswire.ca/news-releases/halo-labs-announces-unexpected-surge-in-sales-enters-into-commitment-letter-for-cdn-10-million-unsecured-credit-line-812548030.html) +* "Halo Collective announces significant growth in California operations." [source](https://www.newswire.ca/news-releases/halo-labs-announces-significant-growth-in-california-819548305.html) +* "Halo Collective announces further imports of Cannabis-Based Products for Medicinal use ("CBPMs") to the United Kingdom." [source](https://www.newswire.ca/news-releases/halo-collective-continues-to-import-to-the-united-kingdom-now-offering-flower-from-canada-to-uk-patients-823404193.html) +* "Halo Collective announces record retail sales growth in Oregon cannabis market for November 2020." [source](https://www.newswire.ca/news-releases/halo-labs-announces-record-retail-sales-growth-in-oregon-cannabis-market-for-november-2020-845857347.html) + +---------- + +**FINANCIALS** + +> A comprehensive list of Halo Collective's financial and public filings can be found [here](https://haloco.com/investors/#investors_financial), while their regulatory filings can be found [here](https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00009013), through SEDAR. + +> Their [Q3 2020 financial report](https://haloco.com/wp-content/uploads/2021/01/Q3-2020-Financials-1.pdf) indicates they have achieved positive quarterly operating income, despite the effects from COVID-19. For the 9 months ending September 30th, 2020, revenue was $16.52M, while gross margins increased to 32.9%, a notable improvement from gross margins for the 9 months ending September 30th, 2019, of 26.0% + +> As of September 30th, 2020, Halo Collective had cash available in the amount of $2.3M and working capital of approximately $13.1M. + +> YoY, Halo Collective has grown shareholders' equity. However, net loss per share was ($0.04), and dilution increased the weighted average of outstanding common shares to 438,344,858. Much of this was due to acquisitions via equity. + +* **Dec 31st, 2018**: $31.70M +* **Dec 31st, 2019**: $67.91M +* **Sept 30, 2020**: $109.56M + +---------- + +**INDUSTRY ANALYSIS** + +> Since cannabis is a well known and popular industry, I don't think it's necessary to reintroduce an industry overview. However, it's important to recognize several notable metric. + +* Retail sales in the United States are [expected to reach $37B by 2024](https://www.prnewswire.com/news-releases/us-retail-cannabis-sales-on-pace-to-rise-40-in-2020-near-37-billion-by-2024-301174282.html). +* California remains the [largest cannabis market in the United States](https://www.statista.com/statistics/1139530/marijuana-retail-sales-by-state-us/), where Halo Collective maintains 99% market penetration. +* In 2019, "The SAFE Banking Act, which would make it easier for banks to offer financial services to the cannabis industry, passed the House with broad bipartisan support, but went nowhere in the GOP-controlled Senate. With Democrats now in charge of both chambers, industry insiders and policy experts believe banking has a good shot at becoming law." [Politico](https://www.politico.com/news/2021/01/31/marijuana-policy-democrats-senate-463816). + +---------- + +**DISCLAIMER** + + +> I own an equity position in $HCANF. + +> The content of this post is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. Investing comes with inherent risks, and all parties should conduct their own due diligence. +Hey FI community! + +I created [a\(nother\) free FI calculator and/or simulator](https://fiportfoliodoc.com/simulator)! I know there are quite a few of them (https://www.reddit.com/r/financialindependence/comments/hlohjh/fire_calculators_that_do_different_and/) out there at this point, but I couldn't find one that scratched my particular itch. + +My vision was ultimately to create something like the "spiritual successor" to FIRECalc (https://www.firecalc.com/). I love the way this calculator displays each portfolio simulation cycle independently. I feel like seeing each cycle gives you a more visceral appreciation for how a given portfolio plan behaves. However, it lacks any sort of interactivity in the graph view, so it's hard to glean specific information from the graph itself. Its inputs are also on various pages and it's a pain to modify and rerun your portfolio. Of course, cFIREsim (https://www.cfiresim.com/) is excellent, and it was the calculator I used for a while, but the graph visualization style diverges from FIRECalc's in that its x-axis is retirement year rather than year #-in-simulation. Personally, I prefer FIRECalc's method in this regard since it puts all simulations along the same plane. + +I wanted to create a simulator that displayed the results in a very interactive way and allowed you to iterate very quickly on various scenarios. You can tweak anything in the inputs and hit recalculate, and the results instantly refresh. The results view itself is very rich with information about each individual cycle. You can hover over any cycle to see detailed information about it, both in the graph's tooltip, as well as the detailed table at the bottom of the page. + +I used Shiller's data (http://www.econ.yale.edu/~shiller/data.htm) like many of the other calculators do, but I also manually enriched it with a "notable events" field, which shows when various notable market events occurred, like the great depression or the dot com bubble. I thought it was fun to be able to see what happened during particular dips, or see what effect each event had on a particular simulation. You can also zoom in on individual cycles to isolate them from the overall view so you can better appreciate the fluctuations. + +Feel free to try it out and let me know what you think! + +https://fiportfoliodoc.com/simulator + + +Edit: + +This wasn't originally open source, but since there's some interest from the FI software dev community, I've open sourced it. +https://github.com/Daynil/portfolio-doctor + + +Edit 2: + +Based on all the feedback, I've made a few updates: + +* Lots of improvements to mobile usability. Huge thanks to [Hawkes75](/u/Hawkes75) for his PR which made most of the fixes! +* The question mark information icons now show up as popups with the information rather than forcing a page change. +* Currency input fields now defer formatting to when you are finished editing, so no more unexpected cursor jumping! +* Made the inputs scroll flow more intuitive on laptop screens. + +Thanks for everyone's feedback!! +I currently own 15 shares of NFLX, which I purchased near the 52w low. But tomorrow's vote has me worried. I've been having trouble finding any indication that the FCC is going to protect net neutrality. With several hours left in the day, would it be wise to sell off my shares to avoid a possible 5-10% drop that may come as a result of the vote? Is there any indication that net neutrality will be ensured and that NFLX might take a jump up? Thanks +I currently own 15 shares of NFLX, which I purchased near the 52w low. But tomorrow's vote has me worried. I've been having trouble finding any indication that the FCC is going to protect net neutrality. With several hours left in the day, would it be wise to sell off my shares to avoid a possible 5-10% drop that may come as a result of the vote? Is there any indication that net neutrality will be ensured and that NFLX might take a jump up? Thanks +https://www.marketwatch.com/story/pelotons-stock-plunges-20-following-report-it-will-pause-production-of-bikes-treadmills-11642702222?mod=mw_quote_news + +>Shares of Peloton Interactive Inc. were cratering Thursday after a report indicated that the company temporarily planned to halt production of its connected exercise equipment to help curb costs in a period of slowing demand. + +>Peloton’s stock were off nearly 19% in Thursday afternoon trading and hovering below the company’s initial-public-offering price for the first time since April 2020. The shares were halted four times during the session following the report from CNBC, which said that Peloton was cutting its forecast for demand and pausing production of several products. + +>The company made its public debut on the Nasdaq at $29 a share back in September of 2019, before the coronavirus crisis took hold in earnest. The shares closed as high as $167.42 on Jan. 13, 2021 but they recently changed hands at $25.81 in Thursday’s session. + +>The maker of home-exercise products was a big winner early in the pandemic as people increasingly turned to its bikes and treadmills for pandemic-safe workouts that could offer a similar vibe to live, in-person exercise classes. But the company miscalculated demand as the economy reopened and slashed its forecast during its most recent earnings report. + +>“It is clear that we underestimated the reopening impact on our company and the overall industry,” Chief Financial Officer Jill Woodworth said on the company’s last earnings call in early November. + +>The CNBC report noted that Peloton intended to halt production of its regular exercise bike for two months after the company already halted manufacturing of the more expensive Bike+ model in December. The company also plans to curb production of its Tread treadmill for six weeks, per the report, which added that Peloton doesn’t expect that it will produce any Tread+ products during the 2022 fiscal year. + +>Business Insider reported earlier this week that Peloton planned to make substantial layoffs within its sales and marketing teams. CNBC also reported that the company was working with consultants from McKinsey & Co. to evaluate the company’s expenses and to consider potential job cuts. + +>Peloton didn’t respond to MarketWatch’s request for comment on its production or staffing plans. + +>The reports come as Peloton executives recently said the company would add $250 and $350 in delivery and set-up costs to its original Bike and Tread, respectively. Peloton pegged the price increases to supply-chain costs. + +>While the sales of fancy exercise equipment are a key part of Peloton’s business model, the company also sells a membership that gives existing Peloton owners access to workouts and classes. The company has a separate membership offering for those who don’t use Peloton equipment. + +>Peloton’s stock has now lost more than 70% over the past three months, and it has plunged 84% since closing at its post-pandemic peak of $167.42 on Jan. 13, 2021. The company is set to report its quarterly results on Feb. 8. + +Combined with the report that company insiders recently [sold $500M worth of stocks](https://www.cnbc.com/2022/01/19/peloton-insiders-sold-nearly-500-million-in-stock-before-its-big-drop-.html) right before the big drop, it's hard to imagine a bullish scenario for the company. + +My personal take is that this is the new GoPro, except with even less staying power. +https://www.marketwatch.com/story/pelotons-stock-plunges-20-following-report-it-will-pause-production-of-bikes-treadmills-11642702222?mod=mw_quote_news + +>Shares of Peloton Interactive Inc. were cratering Thursday after a report indicated that the company temporarily planned to halt production of its connected exercise equipment to help curb costs in a period of slowing demand. + +>Peloton’s stock were off nearly 19% in Thursday afternoon trading and hovering below the company’s initial-public-offering price for the first time since April 2020. The shares were halted four times during the session following the report from CNBC, which said that Peloton was cutting its forecast for demand and pausing production of several products. + +>The company made its public debut on the Nasdaq at $29 a share back in September of 2019, before the coronavirus crisis took hold in earnest. The shares closed as high as $167.42 on Jan. 13, 2021 but they recently changed hands at $25.81 in Thursday’s session. + +>The maker of home-exercise products was a big winner early in the pandemic as people increasingly turned to its bikes and treadmills for pandemic-safe workouts that could offer a similar vibe to live, in-person exercise classes. But the company miscalculated demand as the economy reopened and slashed its forecast during its most recent earnings report. + +>“It is clear that we underestimated the reopening impact on our company and the overall industry,” Chief Financial Officer Jill Woodworth said on the company’s last earnings call in early November. + +>The CNBC report noted that Peloton intended to halt production of its regular exercise bike for two months after the company already halted manufacturing of the more expensive Bike+ model in December. The company also plans to curb production of its Tread treadmill for six weeks, per the report, which added that Peloton doesn’t expect that it will produce any Tread+ products during the 2022 fiscal year. + +>Business Insider reported earlier this week that Peloton planned to make substantial layoffs within its sales and marketing teams. CNBC also reported that the company was working with consultants from McKinsey & Co. to evaluate the company’s expenses and to consider potential job cuts. + +>Peloton didn’t respond to MarketWatch’s request for comment on its production or staffing plans. + +>The reports come as Peloton executives recently said the company would add $250 and $350 in delivery and set-up costs to its original Bike and Tread, respectively. Peloton pegged the price increases to supply-chain costs. + +>While the sales of fancy exercise equipment are a key part of Peloton’s business model, the company also sells a membership that gives existing Peloton owners access to workouts and classes. The company has a separate membership offering for those who don’t use Peloton equipment. + +>Peloton’s stock has now lost more than 70% over the past three months, and it has plunged 84% since closing at its post-pandemic peak of $167.42 on Jan. 13, 2021. The company is set to report its quarterly results on Feb. 8. + +Combined with the report that company insiders recently [sold $500M worth of stocks](https://www.cnbc.com/2022/01/19/peloton-insiders-sold-nearly-500-million-in-stock-before-its-big-drop-.html) right before the big drop, it's hard to imagine a bullish scenario for the company. + +My personal take is that this is the new GoPro, except with even less staying power. +Disney will reorganize to two departments: Disney Media and Disney Parks, Experiences and Product. + +Disney+ now up to 86.8 mil subscribers. Fears subscribers and growth would drop a year after launch were unfounded. [Growth](https://twitter.com/JonErlichman/status/1337152991669968897). Says most current subscribers do not have kids. + +Hulu currently 38.8M, ESPN+ 11.5M, 137M paying subs total. Disney still considers themselves in "launch mode" with most expenses in content development and brand awareness in new markets. + +**New Subscriber Expectations:** FY 2024 = 230-260 mil Disney+ subscribers (up from 60-90 Mil originally). ESPN estimated 20-30 mil, Hulu estimated 50-60 mil in 2024. Expects profitability in DTC by 2024 with peak losses in 2021. + +New ad-free Hulu + D+ + ESPN bundle for $18.99. Price hike of +$1 for D+, +€2 in Europe and other markets. Just one year before Disney's first price hike. + +No info about the parks, now the black sheep of the disney franchise + +Disney will Launch Star (Hulu for international markets) on 2/23/21 in Europe, Canada, Australia, and Singapore first with further launches planned. Star will be fully integrated in Disney+ ([accessed like this](https://twitter.com/Disney_Matters/status/1337156588486979585)). Star+ is an exclusive sports streaming app for Latin America. + +* Pixar Soul released free on D+ on Christmas. "Luca" & "Raya and the Last Dragon" released in theaters as well as Disney+ premiere (same way as Mulan) in 2021. + +* Announced new movie Encanta set in Colombia, music by Lin-Manuel Miranda + +* Comcast will make D+ available on xfinity platform + +* ESPN gets the SEC college football contract (CBS loses it). Hulu will add direct integration with ESPN. ESPN+ new studio show starring Stephen A Smith + +There was so much new content announced that this is a pretty bad summary and I missed a lot, but overall idea is Disney is investing big into content and especially D2C content: + +* 10 new Marvel and 10 new Star Wars series "over the next few years". 15 live action/animated/pixar series, 15 live action/animated/Pixar movies. All direct to Disney+ + +* Wandavision in Jan, Falcon and Winter Soldier in March, Loki in May + +* FX producing lots of new content for Hulu. It's Always Sunny in Philadelphia 4 new seasons on Hulu, will be longest-running live action sitcom in TV history. Handmaid's Tale season 4 and 5 announced. + +* New Kardashian reality show to Hulu. Only Murders in the Building starring Selena Gomez, Steve Martin and Martin Short to Hulu + +* Sequel to Enchanted, live action Peter Pan, live action Pinnochio, Sister Act 3 all Disney+ exclusives. Also Diary of a Wimpy Kid, Lion King prequel, live action Little Mermaid in theaters and then D+ + +* New live action D+ shows targeting the entire family including Mighty Ducks starring Lauren Graham and Emilio Estevez, Turner and Hooch starring Josh Peck, Big Shot starring Yvette Nicole Brown and John Stamos. The Mysterious Benedict Society and the Percy Jackson series in development. + +* New animated Disney+ tv shows starring Moana and Tiana (princess and the frog), Zootopia series. Cool new sci-fi animated series set in Nigeria. + +* New original movies inspired by the real-life stories of Chris Paul, Giannis Antetokounmpo, Keanon Lowe + +* National Geographic (on D+) releases new documentaries filmed while landscapes were closed due to covid 19, Jacques Cousteau biopic + +* Chris Hemsworth and Will Smith both have new documentary series on National Geographic. +I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands. + +If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be. + +I don't want to waste any of your time, so I'm merely going to explain what happened. + +On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency. + +There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the *mean* person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel. + +"What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king. + +In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin. + +Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money. + +The four institutions with the largest still accessible Bitcoin balance are believed to be as following: + +-ASICminer - 50,000 Bitcoin + +-The IMF's "currency stabilization fund" - 70,000 Bitcoin + +-Government of Saudi Arabia - 110,000 Bitcoin + +-The North Korean government - 180,000 Bitcoin + +Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy. + +What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations. + +Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password. + +Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed. + +In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it. + +You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance. + +Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite. + +This is also the reason we contacted you. + +It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies. + +However, I have seen where it ends. +I want to meet common minded/positioned friends beyond reddit interactions. How do you all end up in networks of ppl with a similar position? Specially outside of work? Are there any clubs you suggest or hobbies for this purpose? Not just hobbies for enjoyment as that is already being discussed. + +I want to meet similar ppl with an intellectual, first principles, mindset and plenty of resources to pursue their interest. + +My biggest issue with FIRE will be a lack of intellectual conversation. This was already becoming an issue at work as I gained more education and invested more time developing my thoughts and perspectives while my peer were fully focused on raising kids, supporting a spouse, and chasing the grind of what is rather unsustainable W2 income. + +Hobbies may help with personal development and enjoyment. Volunteering may help with lack of community or a common mission to further. But I doubt I will meet many with higher education, and a lot of interest in business, engineering, finance, and the world in general doing just the above. + +I want more friends that are well resourced, but mostly modest, younger, retired early, well educated, and worldly. This is the largest gap in my life today. + +Id prefer not to do wasteful “rich people” hobbies like horses or yatchs but if that the only way to establish connections with those I find to be peers outside of a W2 environment than I may have to consider it. Idk +https://www.cnbc.com/2020/07/22/stock-futures-hold-steady-microsoft-sheds-2point6percent-after-reporting-earnings.html + +Microsoft shares were down by 4.1% despite reporting better-than-expected earnings for the previous quarter. Though the company's results were largely positive, Microsoft said its transactional license purchasing continued to slow and that subsidiary LinkedIn was negatively impacted by the weak job market. + +Other tech giants were also under pressure. Apple traded 4.8% lower, while Amazon and Netflix dropped 3.6% and 3.1%. Tesla, meanwhile, gave back its earlier gains — falling 5.5% — despite reporting earnings that blew past analyst expectations. Elon Musk's automaker also said it's set "for a successful second half" and reiterated its goal of delivering 500,000 vehicles this year. +I've been in enough reddit groups to see alot of different types of posts and their responses.. but the responses to questions in this reddit are just full of "go to google" "watch a youtube" "do some research"... what the holy fuck do you think newbies are doing by asking you these questions.. they are doing their research and trying to get opinionated advice from people just like them.. not some yahoo website that only reccomend stocks prices at $900 a piece... +Yall act like giving someone actually sound advice or guidance is gonna cause you to lose money... +If housing is expensive (both rents and house prices), then it means that the amount of people is growing faster than the amount of dwellings. + +So if we have so many people, why is there such a shortage in people to fill job vacancies? +I am a female, 44, a mother of an adorable son (who loves to spend more time with me) and 2 senior dogs (whom I treat like my own sons and also want to spend more time with me). + +I make 525k this year (due to stock) and it will drop significantly next year with the 4 year cliff unless my company gives me significant stock again (which I have to put a lot of hours into it). Husband is the same, he’s making 700k (which will drop significantly next year as well). We both jumped to our current companies at the right time in 2018. + +My quality of life since 2018 is mixed. Before 2018, I made 200k and my husband made roughly the same. Due to high cost of living, this was a good income. During this time, I had time to do self care and spent time with my son. I even managed to join competitive sports and ran a couple of marathons. Now I am overweight, stressed, pimples on my face , wrinkles everywhere, and constantly daydreaming of fatfire. The covid and the fact that my fur babies aging are also wearing me down. However, for the first time, we just spent the first vacation where we stayed in the beach village for 3 nights @1300 per night and my stomach doesn’t turn acidic at the thought of spending that much given our current income and savings. So it’s nice to be able to afford this nice vacation (even when I am too chubby to look good in the swimsuit in my picture:)). + +We save a lot and our current net worth is 6.7M (1.9 M is on the primary home). The house is not a mansion, we live in high cost of living. It’s a modest 3 bedroom , 2 bath in a nice neighborhood. + +I know for sure that I need to survive one more year before thinking about retirement and I need to convince my husband. I owe it to my son and my husband , I can’t just walk away from that money. + +So my ideal retirement will be to return to competitive sports before I get too old to do it. I will be too old to compete in martial arts (I did this before kids) but maybe I can run some marathons all around the country? Showing my son that mommy is not always a slob who sits in front of her computer looking miserable? + +I also want to do yoga (used to be really flexible), learning how to cook, take care of my skins again and just feeling great in general. I want to travel with my aging parents too. I want to take my son to soccer practice and even give him some competition as he starts to get faster than me now. + +Obviously if I do this next year, I leave my career at the peak of my potential earning. But I don’t know how to extricate myself out of this rut, I just don’t like my job and I want to take a break. + +I guess I want to hear from you, the one who decided to walk away in the 40s. Any regret? Happy stories? +Would you like to buy more goods at Amazon if Amazon would decide to offer crypto-payment for you? + +Would it be brave by Jeff Bezos if he would accept crypto payment? + +Would you love Amazon for doing this? + +I had about 5-6 different employers in about 20 years of work. Most hiring were very standard and as comfortable as that process can be. +The one I am doing now was pushing during the interviews with trick questions until nobody without the actual book in front of him could possible answer. Made me feel bad during the interview until I realized after that nobody could possibly answer this from memory. Then the offer came and after we spoke salary and everything seemed fine the offer comes in at 2% less than what was discussed. Not a big thing but somehow it's also like saying we are doing this just to put you in your place. And to top it off the contract says I have to give 90 days notice if I leave but they don't have to do the same to fire me. They can then decide to apply the 90 days or not so basically if I ever want to leave I will not know until then if I am getting another 3 months of work and pay or none at all. All other contracts I ever had were for 2 weeks notice. + +Edit: Got a counter offer for full agreed upon salary and 60 days. Seems like they never really enforce it but either way I can work with that. Thanks for the comments. + +Edit2: I get and agree with all those that said to pass and go with my gut feeling. I will try anyway to see if it's just a weird hiring process. If I decide I do not like the environment after a few days I'm sure they won't want to keep me for another 60 days and if they do well I get paid anyway. +Thanks to some other apes, I read the Financial Stability Oversight Council [2021 Annual Report](https://home.treasury.gov/system/files/261/FSOC2021AnnualReport.pdf). While the [Press Release](https://home.treasury.gov/news/press-releases/jy0541) mentions cybersecurity issues, some retail investors might be more interested in the *un-*highlighted parts of this Annual Report. I'll highlight some for you and then translate into English. + +[Financial Stability Oversight Council 2021 Annual Report \[pages 174-175\]](https://preview.redd.it/9ood4wbjtj681.png?width=1100&format=png&auto=webp&s=d3c16020da1cf3b7ab30ac8d29b1d3611d5c6438) + +"However, **some emerging vulnerabilities may have been highlighted by the January 2021 episode of market volatility, which involved heavy trading in certain equities, including GameStop** Corp., that were discussed widely on social media." + +The Financial Stability Oversight Council is saying that GameStop and other stocks revealed new issues in the market. Interesting... + +While they go on to say that the January spikes didn't have any systemic problems, "sudden asset price movements unrelated to fundamental news could represent a vulnerability". Which basically means they still think GameStop is worth zero, but .... If the stock price were to get squeezed, that could cause problems. Especially if the squeeze "lead\[s\] to cascading impacts by causing asset liquidations or putting stress on financial institutions." + +Basically, if GameStop (and possibly other stocks) squeeze, there could be instability due to asset liquidations (e.g., margin call, bankruptcy, etc...) that would create problems for financial institutions. + +[ELIA: Financial System](https://preview.redd.it/w24ljwfmzj681.png?width=2282&format=png&auto=webp&s=0e2c11654ba82e71ad8d0c1da025c4012ad37f39) + +>"This episode raises the question of **how social media coordination compares to other more traditional forms of coordination** that existing policy tools are designed to address." + +Now that's a loaded statement. + +* This statement starts by ***incorrectly*** accusing retail investors of coordinating over social media. +* Everything retail investors have learned from "this episode*"* suggests "**traditional forms of coordination** that existing policy tools are designed to address" are **acceptable**. It's hard to come to any other conclusion given the lack of policy changes and unenforced regulations over the past several decades *despite* multiple parties raising concerns. We are experiencing 2008 all over again because ***nothing has changed***. +* ***Comparing*** "social media coordination to other more traditional forms of coordination" allows tailoring new policies to address ***unacceptable*** "coordination". By looking for similarities between what's traditionally been allowed and what retail investors have been able to exploit, they can close *just those loopholes.* **What about all the traditionally available loopholes that retail hasn't caught on to?** Those are conveniently ignored by this statement. + +If retail investors buying, holding, and registering their shares into their name creates financial instability possibly resulting in sudden asset price movements leading to cascading impacts with asset liquidations and stress on financial institutions, it seems to me that the problem is neither with retail investors nor any alleged social media coordination. Failing to address the root cause of any vulnerabilities will only ensure another financial instability crisis. +Hello again folks. This is an extension of my [DD last week](https://www.reddit.com/r/wallstreetbets/comments/kwb827/gme_endgame_dtc_infinity/) in which I shared some research on short positions, GME’s debt, and some speculation on institutional investing. Since that post, GME is up 75% and there’s been lots of good [bullish](https://www.reddit.com/r/wallstreetbets/comments/kyuu13/gme_margin_changes_and_their_implications/) / [bearish](https://www.reddit.com/r/wallstreetbets/comments/kyoixl/gme_option_margin_and_other_factors_for_trading/) DD on the short term. + +In this post, I’m going to cover 3 topics, focusing on the mid-to-long term prospects for GME: 1) Cohen, 2) GME’s market cap potential, and 3) potential investors that could continue to pile in. + +**TL:DR;** You need to think about GME differently. Not as a trader. Not as an investor. You need to think like a venture capitalist. This is an **unprecedented** opportunity, and the first time I’ve gone all-in - *I’m more bullish now than when the stock was trading sub $15.* If you’re in GME you need to get in ***with conviction*** otherwise you’re going to lose by selling when it drops. + +# Quick aside - my history and positions: + +I’ve been a passive investor for many years. This is literally the first time I’ve taken an interest in becoming an active investor. I opened an RH account in August to start speculating on GME. My [first post](https://www.reddit.com/r/wallstreetbets/comments/isn2g0/cheap_gme_calls_for_a_potential_lottery_win/) called out some cheap lottery plays that took my speculating account from $5K - $20K in 3 weeks. I’ve since posted a few times on GME, [even trying to tell you to buy the post-earnings dip](https://www.reddit.com/r/wallstreetbets/comments/k9c95d/gme_earnings_thread/gf4g5vn?utm_source=share&utm_medium=web2x&context=3), and added more to my active trading accounts. I’ve taken $10K -> $130K on RH and $230K -> $480K in IBKR since slowly adding to GME since September. + +**UPDATE**: I have deleted my positions in this post - will explain why in my next post. I'm still holding. + +All that being said, thus far I’ve been thinking about GME as a *trade* \- trying to get in at the lowest cost I could for the maximum upside on a near-term exit, but **I’ve switched completely** into thinking of GME is a **ridiculously asymmetric investment** with massive potential in the next 2-3 year timeframe - even at $35. Even at $45, $50, $60. That’s why I added roughly 2500 shares on Friday at around $36 despite adding very cautiously when GME was below $20. I’m also completely all-in on RH with options (mostly deep ITM, a few fds) - $0 buying power left. + +Grab a drink, sit down. Let me tell you why I’ve gotten more aggressive, and probably why you shouldn’t worry about what price you pay right now, as long as you’re willing to **believe and hold.** + +# About Cohen (and friends) + +From the [recent 8K about the board changes](https://news.gamestop.com/node/18396/html) (which you should **definitely read** if you’re putting serious money in): + +*As part of the Agreement, RC Ventures has agreed to* ***customary standstill provisions***\*, which provide that from the date of the Agreement until the earlier of (a) the date that is 30 calendar days prior to the deadline for the submission of director nominations by stockholders for the Company’s\* ***2022*** *annual meeting of stockholders and (b) the date that is 120 days prior to the first anniversary of the 2021 Annual Meeting (such period, the “Standstill Period”), RC Ventures will* ***not, among other things: (i) acquire beneficial ownership in, or aggregate economic exposure to, directly or indirectly, more than 19.9%*** *of the Company’s outstanding common stock; (ii) make any proposal for consideration by stockholders at any annual or special meeting of stockholders of the Company; (iii) make any offer or proposal with respect to any extraordinary transactions; or (iv) seek, alone or in concert with others, the appointment, election or removal of any directors in opposition to any recommendation of the Board, in each case as further described in the Agreement. As part of the Agreement, the Company has permitted RC Ventures to acquire, whether in a single transaction or multiple transactions from time to time, additional shares of the Company’s common stock to the extent such acquisitions would result in RC Ventures having beneficial ownership of less than 20.0% of the outstanding shares, without triggering the restrictions that would otherwise be imposed under Section 203 of the Delaware General Corporation Law (the “DGCL”), and RC Ventures has agreed that upon acquiring beneficial ownership 20.0% or more of the outstanding shares of the Company’s common stock, the restrictions under Section 203 of the DGCL would apply to a potential business combination with RC Ventures as an “interested stockholder” (as defined in Section 203 of the DGCL).* + +This is critical: **This agreement was the result of a negotiation** between Cohen and the existing board. + +1. After his [activist letter calling out the board](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) and then [13D](https://fintel.io/doc/sec/1822844/000119380520001571/e620151_sc13da-gamestop.htm) buy after the earnings dip rocketed the stock up from 12 -> 20, it was clear to everyone that RC was the reason GME’s stock was heading up. The GME board was afraid of a hostile takeover / losing their jobs. This agreement allowed Cohen and 2 others on the board as long as he didn’t attempt a hostile takeover. +2. Cohen wants it all. In the activist letter, he publicly said “no” to just one board seat. He then publicly bought more as soon as Sherman threatened a shelf offering to dilute him below 10%. + +In addition to getting added to the board, Cohen brought along [2 execs who built Chewy with him](https://www.globenewswire.com/news-release/2021/01/11/2156168/0/en/GameStop-Announces-Additional-Board-Refreshment-to-Accelerate-Transformation.html): + +* Alan Attal - the previous **COO and CMO of Chewy** (2011 - 2018) +* Jim Grube - the previous **CFO of Chewy** (2015 - 2018) + +He’s not fucking around folks. He wants to build another Chewy, and he’s bringing the people who helped him do it the first time to do it again. + +As a result of the agreement, he’s limited to buying up to 20% of shares until 2022. **Why not 13%? Simple - Cohen wants the option to buy more.** He’s not happy with a single board seat; he’s not going to settle for simply getting added to the board; and **he’s not going to settle for 13% ownership.** + +Also, remember that **Alan and Jim have 💲 to buy in** as well. I haven't seen their holdings yet. Their time is worth more than their money and they've already decided to put their time in. + +## Cohen is not an exec - he’s a founder with an all-in mentality + +Go read this [bloomberg Cohen interview](https://www.bloomberg.com/news/articles/2020-06-05/chewy-founder-cashes-out-bets-on-apple-wells-fargo) to understand his mindset. + +1. Cohen himself is an all-in person. Key quote: + 1. *“When I find things I have a lot of* ***conviction*** *in, I go* ***all-in***\*.”\* + 2. Cohen is a founder that has gone through the successful creation of a startup. **When you are startup founder, most of your NW is tied to equity in your company.** You are trained to have skin in the game. You’re not allowed to think you have a safety net. You give up years of your life and bet everything because you have to believe in what you’re doing. **Founders typically have 30-50% ownership of their company.** + 3. *“Cohen uses the word “conviction” a lot. He says it’s something he learned from his father, who ran a glassware importing business in Montreal where Cohen grew up. “He taught me how to block the noise from the masses,” says Cohen. “To have a point of view and have conviction and not waver.”* +2. He only sold Chewy rather taking it to IPO because of his Dad’s health. He cut his entrepreneurial career short and he’s itching to get back in. +3. Cohen sold Chewy for $3.35B, with estimates stating he personally walked away with about $600M after taxes. +4. Cohen has a lot of capital to buy more. After selling Chewy, he went all-in on Apple & WFC, which as of June was **up 40%**. + 1. *“ Cohen says his portfolio, when including dividends and a few other stock holdings, has returned more than 40% over the past 3 years, beating the market.”* + 2. Aapl **was his largest holding, and** **is up another 50% since June 5** when the Bloomberg article was published. + 3. Cohen lives in FL - with no income or capital gains for individuals, unlike other founders who live in CA which taxes all cap gains as ordinary income. + 4. I’m going to estimate *his net worth (minus his GME holdings) is around $800M-$1B.* +5. Cohen’s 9,001,000 (it’s over 9000! 🐲🏐) shares have thus far been purchased at something like an average of $12/share, for a total investment of around $110M. + +So Cohen has put in $110M out of his $1B into GME. **Does that sound like he’s all-in?** Absolutely fucking not. Cohen’s **going to buy up to the max he can this year** (20%), likely by selling some other holdings prior to [cap gains tax law changes](https://www.wealthmanagement.com/high-net-worth/guide-potential-tax-law-changes-under-biden). He can **add more next year** after the standstill period is done. + +## What will lead to Cohen’s next purchase of GME + +Thus far, every RC purchase has been *about sending a message*. + +1. Prior to Q3 earnings, his purchases were signaling an intent to the board that he was serious about wanting to get involved. He also rubbed it in their faces that the stock price was largely appreciating because of him. From the [activist letter](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf): + 1. “We recognize that the Board may feel it is insulated from stockholder scrutiny after adding new directors this past spring and seeing a recent stock price uptick **(which only came on the heels of RC Ventures filing its 13D)”** (what a *fucking burn*). +2. If there was any doubt about RC’s impact on the stock price, it was put to rest after Q3’s earnings, where the current leadership’s hubris and threat of diluting RC led to a drop of almost 30%. RC then bought the dip, shoved it in their faces, and the market GME again rocketing GME to 20 in a massive post-earnings recovery. Message sent again - “The market wants me. Let me the fuck in.” +3. Now that Cohen and the Chewy folks are on the board, he’s going to angle for CEO. He’s not looking to **advise** GME. He wants to go all-in, to run GME. *He’s holding the optionality of buying more based on the success of his attempt to take over GME through non-hostile means.* + +**If you see Cohen buy more GME, he’s sending another message.** This time it’s because it’s clear to him he’s going to be CEO and wants to max his skin in the game. **If you see Cohen buy, it’s “CEO talks going well” - you fucking buy.** + +# GME’s market cap potential + +1. Cohen sees a [$200BN+ total addressable market cap for gaming by 2023](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf). For contrast, Chewy was playing in the pet food/supplies market, which has a total addressable market (TAM) of [under $50BN annually](https://www.americanpetproducts.org/press_industrytrends.asp). **GME’s potential is at base 4x that of Chewy.** This **does not even account for the pc gaming hardware market**, which is another $[35BN](https://www.statista.com/statistics/269244/graphics-hardware-market-value-in-the-gaming-segment-since-2009/#:~:text=In%202019%2C%20the%20global%20gaming,by%20the%20end%20of%202020.)\+. +2. Chewy’s market cap is [$44BN](https://www.google.com/search?q=chewy+market+cap&oq=chewy+market+cap&aqs=chrome..69i57j0j0i22i30l3.6432j1j7&sourceid=chrome&ie=UTF-8) on [$6BN](https://s23.q4cdn.com/610444331/files/doc_financials/2020/q3/3Q-2020-Earnings-Press-Release-FINAL.pdf) of annual revenue. +3. Chewy’s Q3 quarterly income was up 45% YoY. While GME’s quarterly income was down YoY, [its e-commerce revenue was **up 257%** trouncing Chewy’s growth rate](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-third-quarter-results-positive-start-fourth). +4. GME’s Q4 early sales preview reported [**300% E-commerce growth and annual run-rate of $5BN**](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-2020-holiday-sales-results) + +In other words, *even if you give GME’s physical locations no value*, GME’s ecommerce business is **growing 5x faster than Chewy** and already has 75% of online revenue. + +**Summary:** Chewy is priced > 7X times its annual **total revenue**. GME is priced at .45 **its annual ecommerce revenue,** despite GME having **5-6 greater TAM** and growing its ecommerce business **5X as fast Chewy.** + +What. The. Fuck. + +I’ve never seen a stock more mispriced. + +People talking about $100 price targets are suffering from a *fucking lack of imagination.* + +Even if you *completely* discount + +1. GME’s physical business +2. its rev sharing partnership with MSFT +3. its 5x faster growth and 5x TAM + +and give GME the same P/S multiple that Chewy has on its ecommerce business, **that puts GME currently at a fair market cap above $35BN.** That means GME should be **at least $500/share.** + +In pictures: + +&#x200B; + +[Comparing Ecommerce Revenue vs Market cap on Chewy vs GME today](https://preview.redd.it/ig5kkkan38c61.png?width=932&format=png&auto=webp&s=f6a955c07ef3502d4644fc0b35949c9d0726c4af) + +&#x200B; + +[Showing what the fair market value Market Cap of GME would be with Chewy's P\/S](https://preview.redd.it/qtac0v6r38c61.png?width=915&format=png&auto=webp&s=54331bbdf749bdea5818092970edf17094d6e752) + +&#x200B; + +[Fair Market Value \(using comps\) of GME is at least $500\/share.](https://preview.redd.it/gimdi0au38c61.png?width=914&format=png&auto=webp&s=68b7a548c7125ccb14d3e93c78f8c24f5123e2ed) + +**$35/share is a fucking steal.** Who cares about the short-term dips as shorts try to weasel themselves out of their positions. The market will eventually wake up to this sleeping beast. In a year you’re not going to care if you got in at 4, 12, 20, 35, or 50. You’re going to only care if you’re in or not. + +&#x200B; + +# Potential Investors + +An asset is only worth what someone else is willing to pay for it, right? So are the potential buyers of this growing company? + +Here’s a list in decreasing order of likelihood. + +1. **Elon** (Least likely, completely improbable, but cataclysmic event). Elon hates shorts. Elon, with TSLA, went through the pain that GME is going through. TSLA almost went bankrupt because shorts were pushing the price down so it was difficult to raise the cash they needed to survive. Sound familiar? ***Elon’s wealth swings more in a day than GME is worth in entirety.*** Elon could **buy all the fucking float of GME with what he makes in 8 hours**. One call from fellow entrepreneur and [aspiring twitter-meme-god](https://twitter.com/ryancohen) would absolutely wreck the game. + 1. **If you are short gamestop**, you are one meme purchase by the richest man in the world away from a fucking cataclysmic event. "Hey son, I heard you like games. So I bought you gamestop. All of it." 🚀 +2. **Buffett** (More likely, still improbable). I’m actually amazed that while Buffett & co were lamenting that there are no interesting stocks to invest in and moving to cash, that they absolutely missed the boat on GME while it was at its lows. It’s a complete value play right up his alley (in a business he can understand). My only hypothesis here is that the market cap is too small and he could not make a meaningful investment. Once GME grows to a more respectable market cap ($10b+) I can see Buffett stepping in and making an investment. +3. **Cohen’s connections. (Highly likely if Cohen is CEO).** This is the big one. And I mean absolutely nail in the coffin re-pricing of GME for the foreseeable future. [Go read this Harvard Business Review piece](https://hbr.org/2020/01/the-founder-of-chewy-com-on-finding-the-financing-to-achieve-scale) on Cohen specifically on how Cohen puts importance on raising money and the people that backed him. + 1. Look, I’ve started a startup before in the valley (unsuccessfully unfortunately). However, you don’t start a company without making a shit-ton of venture capitalist & angel investor connections. Cohen has stated that when pitching Chewy he was rejected by [over 100 investors](https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=4e3c77f95840). I can absolutely-fucking-guarantee you that every single one of them remembers their mistake and would not miss the opportunity to invest in Cohen again. And don’t forget all of the investors who DID invest with Cohen and reaped the benefits with Chewy. While venture capitalists don’t generally make investments in public equities, this is a **truly unique situation. Cohen is treating this like a rebirth, a new venture bootstrapped from GME’s bones.** If VCs as a firm will not invest, you can bet your ass that those individuals will throw their personal money at Cohen. **However this only happens if he’s CEO.** As soon as he’s CEO, a single long weekend trip to the valley might mean 100+ investor meetings with the strategic pitch. + 1. My biggest fear here is that VCs/PE band to take the company private at some small multiple (2-3x) and then reap the benefits while Cohen turns the company around only to re-list it to us 5 years down the road at 30X the valuation. + 2. Thus far, it’s been us retail retards vs the wall street shorts. HFs shorting this thing have the advantage in both tactics and capital. However, **if Silicon Valley money starts pouring money into this the game is over.** You cannot believe the amount of money that gets thrown into startups with 90% of it burning up into thin air. $3B market cap? That’s nothing. Folks with Silicon Valley money & risk tolerance would have no problem betting on a serial entrepreneur making something amazing out of a company that already has a customer base, revenue, distribution - all in the same business (e-commerce) the entrepreneur already proved themselves in. +4. **You, and every other retard that believes.** Look, this was my point at the beginning. You need to think like a VC here. VCs are the ultimate YOLO autists making million dollar bets and not seeing a penny of it for years. They are the ultimate 💎✋🤚. **You need to decide if you have conviction** for the long term and then buy in. 💎✋🤚 doesn’t mean selling at $100. It doesn’t means selling at $200. **It means not selling at all this year no matter the price, and at least until you learn for sure whether Cohen is the new CEO**. It means believing so hard that you 20-100X your investment in 2 years when the market wakes up to the ridiculous mispricing. + 1. Remember that if Cohen is elected CEO he can (and likely will) buy more than a 20% stake in 2022. + 2. Remember Buffett’s actual quote: [**"The stock market is a device for transferring money from the impatient to the patient."**](https://www.forbes.com/sites/investor/2018/01/30/winning-in-the-market-with-the-patience-of-the-wright-brothers-and-warren-buffett/?sh=26303ec3633b) + +**I’ve put every dollar I can** into shares in IBKR, minus some April calls. I hold no covered calls except for some call spreads I had in RH prior to recent bump. I have April calls because I will put more cash into GME after taxes are done, and I know much cash I have to use. Calls let me cap the price I would have to pay now. + +This is personal research. **Do your own DD.** + +A wiser investor than me gave the advice of ***“Don’t aim to maximise profit, minimize regret.”*** If you’re not in GME yet, ask yourself how you would truly feel if what everyone here is saying panned out to be true, and you weren’t participating. + +Oh, and of course: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +**Update 1:** I'm still holding today, but I realized I made a pretty big mistake on the ecommerce revenue analysis. GME's 2019 e-commerce revenue was 1.35B (not 1.35B for the quarter), so divide my price target by 4 - $125/share or $8B market cap. +Good afternoon all, I haven't made any final decisions or changes but this is something thats been on my mind lately. + +Im a full-time college student and my financial aid covers my tuition. Everything else I pay for (phone bill, car insurance, gas etc) I have to do so on my own so I also work full-time for $12/hr. I live with my in-laws and they're happy to have me with no expenses whatsoever so I don't worry about things like rent or food. + +Lately my school load and work load have been a lot. Working full time around my school schedule takes time out of my studies and assignments; not to say that it isn't doable because Ive been doing it for 2 years now but honestly it's starting to wear me down. My current semester ends in December, and after that I have a year and a half left before Im finished (unless I decide to further my education but Im taking it one step at a time.) + +My question is, realistically do you think it would be a bad idea for me to stop working and just rely on a loan(s?) to pay my bills while I finish out college? I currently work in fast food with no benefits if that's important. + +Like I said, working full time while being a full time student is absolutely doable and I could potentially continue to do so for the next year and a half but honestly, Im not sure if I want to anymore. Any time I have outside of class or work goes towards my studies and I rarely have time to myself to just relax. Using a loan to cover my bills would allow me to leave my job and I would have the extra time with the reduced exhaustion. + +Im open for discussion, I want to know what people think and if this would be a drastic decision for my future. + +EDIT: spelling and Id also like to add my monthly bills come to around $250 so Im looking at a loan between 5-10k, most likely around the 7k range +Title says it all, I think. + +I could go into teaching and research but make very little (and start from bottom up), or I could go the corporate route (job is waiting) and make easily over six figures. + +Do I do what I love and be happy with a lot less money than I'm used to having or do I do what I don't love to make the money I love and keep living the lifestyle I'm used to living? + + +edit: sorry if this is the wrong sub +My job is an hour and a half away by bus each way. I want to buy a cheap but reasonable car but my credit is barely in the 600’s. + +I need some advice. My job pays $15 an hour part time. + +What strategies could I implement? +I have become adamant that savings accounts do nothing for me given investment apps allow for high liquidity and access to funds. Either my money is in my checking or the market. Friends and family tell me this is dumb but I feel like this should be the new normal. Does the savings account rule still apply in 2020? + +[View Poll](https://www.reddit.com/poll/hw8b32) +Mom died, left me 220k + +Never thought I would see that amount of money. + +I'm in a house, I have 30k in student loans + +Five year plan is to have a kid, go back to school for a more useful degree, maybe a wedding (not in that order) . Figured I would keep around 25k in a savings account. + +But for the rest I thought I would diversify, 10k in i bonds, 5k in gold, and the rest into stocks/ retirement. Don't know shit about stocks and figured Edward Jones would make better decisions than me, I'm pretty ok with giving them a percentage. But I also want to see if anyone has a better plan of action for me or recommendation for a different brokerage firm. +Disclaimer: I don’t really know anything about life insurance. + +My (29f) husband(31m) and I make a combined income of $130k. I make $40k, he makes $90k. We owe $13k on his car, $92,800 on our home and $24,500 on a home improvement loan. We have $16k in liquid. + +We do no want kids. +We have some life insurance at work. +I have $81k in coverage with an additional $250k in “supplemental life”. I feel like a fool because i don’t know what that means. +His work life insurance is for $99,000. + +We are going to be getting a car in the next few months that will cost no more than $22k (budget I set for myself) just trying to save on a down payment as well as sell my old car which I could probably get $3k from. + +Should we/do we need coverage? + +I hope I didn’t miss any important info. + + + + + +I (29f) am looking at first time home ownership, with my so (27m), and we’ve had our first swap of bank statements. I knew I wasn’t in the best shape, but didn’t expect such a harsh shaming today, and it’s starting to feel like I deserved it. + +For starters, i have a working class background, and had a few disruptions in my education out of financial necessity. I only graduated with a bachelors at 27, and was still feeling pretty good about myself, having only a small savings, but no school debt. I knew I wasn’t in the top 5%, but I felt i was doing okay. + +Today, while talking to a loan officer, and while comparing statements, SO almost had a meltdown upon finding a meager 17k in my accounts (he has been thinking of this joint home purchase for some time, I didn’t plan or consider it until about 1 week ago when he brought it up). I felt his reaction was unnecessarily harsh, as until 1.5 years back, my salary went just to rent and tuition (and only 3 years of living wages) so i asked a childhood friend (from a more middle class background), and got a double lecture over my meager 401k. While mentioning that perhaps being part of a two income household (my so and i do not live together) might allow for better economy of scale and savings, i got Sarah Jessica Parker slammed on shoe expenditures and frivolous spending, and assured that i was only in my mess because of my own bad behavior. I didn’t necessarily expect her to comfort me, but I expected some empathy, since she has known that I’ve lived alone exclusively and didn’t enter adulthood with many privileges. + +At what point did you have you financial failures shown to you? Am I being hypersensitive in feeling criticized and attacked? Aside from “making more money”, and standard stuff like cook at home instead of eating out (already doing the obvious stuff), what advice would you offer to someone who needs to quickly get their act together? +I have become adamant that savings accounts do nothing for me given investment apps allow for high liquidity and access to funds. Either my money is in my checking or the market. Friends and family tell me this is dumb but I feel like this should be the new normal. Does the savings account rule still apply in 2020? + +[View Poll](https://www.reddit.com/poll/hw8b32) +So I was checking out to see if any whales have been adding BTC to their wallets and stumbled upon this one.. this person bought almost 80,000 BTC @ $.93 in 2011, and has not moved them or had any other activity since. It honestly makes me wonder if this person is still alive. Perhaps they’re in prison, patiently waiting to get out and crash the market. Could be a few things obviously, but just makes you wonder… 80k investment turned into $5 billion. + +https://bitinfocharts.com/bitcoin/address/1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF-full +Hi all, I (27M) have been out of job since early summer due to Covid & I've finally landed a new position for myself. With some stroke of luck (and the fact that I was underpaid at my last job), I was able to increase my compensation almost 50% - old job (55K) new job (95k+10% bonus). I've never made this kind of money before, and I'm hoping I could get some personal finance advice from you all. Where should I invest? What kind of things should I focus on now vs later? Really anything that falls into the category of "I wish I did that sooner". Thanks! + +Edit: Wow this is blowing up quickly! I am going to digest all of your feedback, make a nice chart, and get to work :) Thank you everyone, and I will try to reply as soon as time allows! +https://www.google.co.uk/amp/s/www.theblockcrypto.com/amp/linked/133045/imx-token-tumbles-as-gamestop-dumps-42-million-from-immutable-x-grant + +GameStop sold $42 mill worth of coins already I guess to pay for the investment into the new platform. + +I have not seen this anywhere on superstonk. It is big news nearly a dollar a share worth of revenue cashed in. + +It means their nft business is already a profit centre before they have even minted one nft. + +Edit. Possibly disproved see top comment. I would need to take time to follow that trail so will leave up. + +Edit. Actually not disproved just becomes more interesting as you follow the money. When you hit binance you can’t trace. Did they buy loopring at that point. Selling imx at top to buy loopring at bottom of the market. GameStop have a big information advantage here and it is totally legal because laws on crytpo are slacker than share trading. +I owe a decent chunk of change to IRS due to messing up my W4 for 2017. I filed late (Oct 2018) and therefore just recently got a letter back from IRS saying they want the full amount paid by Dec. 31 2018. Problem is the amount is way too much to handle at once which is why I submitted the form requesting a Payment Plan (along with initial payment) when I filed in Oct. What happened to that request I have no idea. When I login to the online IRS site it doesn't show me any info about the payment plan, only the full amount owing by Dec. 31 plus some interest already. So I need to talk to someone but the Call Center is closed. Any advice? If I wait it out how much interest am I looking at paying monthly? +So for those of you who really want to know what's going on...here it is. I implore you to actually read this even though it's long. It will be very important to see what happens over the next couple years (or even months): + +\- Our Fed is either lying or is completely feckless/ignorant about the inflation situation. I think they are lying because they don't want to incite panic. There has almost NEVER, I repeat NEVER been a time in our history when inflation has been calmed by a Fed Funds Rate below the inflation itself. In most of our history, the Fed Funds Rate has always been HIGHER than inflation, particularly during times of high inflation when the Fed needed to calm it. So to think, a hike of .25% is going to get the job done against what is now 7.5% inflation and counting is absolutely comical . A complete joke if we're being honest 😂😂😂. They will have to raise rates MUCH faster and quicker than they've said. Which brings me to point #2. + +\- The Fed may genuinely THINK inflation will come down on its own when supply side issues are resolved, and the labor market isn't as tight, blah blah blah. Guess what? The Fed of the 1970s said the exact same thing. Instead of admitting responsibility (the historically loose monetary policy is probably 90% of what caused this inflation), they will look to other causes to save their own asses. Well the Fed 100% perpetuated this inflation. The only way they will get it to come down is by doing what the Fed finally did in the late 70s/early 80s and that was to hike rates SO ridiculously high (it peaked around 20%), that inflation was finally defeated. By the way the inflation at that time maxed at just under 15%, so the Fed Funds rate was hiked Well above that to quell the inflation problem. Think of what 10% Fed Funds rate within a year would do...well that brings me to my next point + +\- Bonds will take an absolute epic shit. Followed by the biggest stock market crash in our market's history. Short either of these with LEAPS and you will make lots of money. If you're able to time short term moves even halfway decently, generational wealth is on the table. People will argue "but the stock market did fine in the 70s and 80s. Blah, blah, blah." Firstly it was a very different situation. They weren't in the most overpriced market in history by almost every fundamental metric (and not just stocks, remember we're in an "everything" bubble with bonds, real estate, internet money, etc. even trading cards!). Secondly, they didn't have a global pandemic that still threatens a potential recession. And lastly, the market of the 70s and 80s actually had a massive period of negative "real returns." It was one of the worst performing markets in history when accounting for the huge inflation that wiped away the nominal returns. We may see one final run for stocks in the next couple months, but the big crash is coming and there's no way around that. + +\- Lastly, I would like to emphasize the severity of the situation, not just in the US but globally. Every country is experiencing high inflation, because EVERY country instituted this ridiculously loose monetary policy when the pandemic happened (I really am shocked how they all could be so dumb...did they actually have to take economics classes to get their degrees? Unfortunately, it became a "they're doing it, so it must be okay if we do too!" situation). The UK has already rate hiked twice and this hasn't done shit to slow down their inflation. They are also seeing what we will likely start to see here (or maybe already have): A price wage spiral. When inflation increases, workers start demanding higher salaries to compensate for the money they lose to inflation. Well, businesses have to pass those increased salary expenses back through the sales of their goods and services, thus creating a loop of price increases and higher inflation. If you don't believe me, google "Andrew Bailey, pay raise" and see what pops up 😂😂😂. He's essentially the "fed char" of England's central bank and is facing huge backlash for asking workers not to ask for pay raises. As hilarious as it is, his request would probably help slowdown inflation but we can see there is no way that's going to happen and if Powell says that here, he will look just as bad as Bailey. + +TLDR: In short inflation can only be stopped by one thing at this point. Not supply chain issues being resolved, not the pandemic going away. Fast and furious rate hikes which will ultimately crash the "everything bubble" we have had building for the last 13 years. Enter those short positions and get ready for some fun fellow bears 📉📉📉🚨🚨🚨🐻🐻🐻 But epic buying opportunities will manifest at the end of this, so be ready to scoop up your favorite equities at insane discounts! + +TLDR 2: Short everything! The crash is nigh!!!!! +Hi all! Fritz @ TheRetirementManifesto here for today's AMA! (http://www.theretirementmanifesto.com/) Curious what it's like to be 1 year from retirement? Ask away! + +At 54, I may be an "old guy" in the FIRE community, but FIRE techniques work whether you're starting at 25 or 45! I focus on being a "Bridge" and help teach the FIRE tricks to oldsters who have neglected their retirement savings. Lots of folks are realizing "Too Late" in life that they're unprepared, and the FIRE tactics from this forum can change a life, whether you're younger or older! + +I'm 4 years through The Retirement Red Zone, and will be retiring in June 2018 at Age 55. I've written 165 posts on FIRE topics, so hit me up with anything on your mind! Here to help, so Ask Me Anything!! + +7:00 PM EST Update: Thanks for all of the participation in my AMA today! It's been a fun day for me, hope you've enjoyed it!. I won't be on NEARLY as frequently commenting over the next 24 hours, but will try to communicate as new ideas develop. Great discussions! Puts your skills to the tests a bit to be on the "receiving end" of the increasing flow of comments, and having to push yourself mentally throughout the day. Great for my mind, and intriguing. + +IN CLOSING, A FEW IDEAS ON THE DAY + +First, Thanks for the privilege, Reddit (& Early Retirement Due!), for the honor of an invitation to host on today's AMA. + +This AMA has been an amazing experience for me, it's been a great day! It's a real mental challenge to communicate ideas, quickly, informatively, and at times with a touch of humor, all at the speed of electrons. My hope is that all of you get a bit of new knowledge in the comments below. Keep in touch - you can email me @ fritz@theretirementmanifesto.com anytime! You were each a small part of my "Good To Great" experience today (if you're interested, I'm currently writing a series How To Move From Good To Great (http://www.theretirementmanifesto.com/7-days-to-a-great-retirement/) Psst: GOTTA try to sneak in just a tad of self-promotion in the heading (sorry mods. Pls forgive! Smiles.) + +Thanks, All! It's been a beautiful day. +Hypothetically, if the S&P 500 and other major indices fell to roughly 2008 levels, would this cause significant negative effects felt throughout the economy (layoffs, cost cutting, etc.)? What would probably happen within a few weeks or quarters? + +There's talk about how current economic numbers are not concerning, and no recession is on the horizon. Ultimately though, wouldn't a stock market collapse cause the broader economy to fall into a recession or depression within a relatively short period of time? +Theres many predictions that companies may shift towards work from home even when pandemic ends, and that traditional office jobs may go away. Ive heard two arguments: + +Having employees work from home lowers operating expense on not having to lease out large office buildings. + +Also have had it counter argued that many office managers are old dinosaurs who resist change and will bring people back regardless, or that many people want to get out of the house and wont be pushed to want to work from home. + +Obviously, if people go back to the office, then theres always a market and a real estate fun will be a valuable part of the portfolio. If work from home is the norm that market will not do so hot. + +&#x200B; + +Whats your prediction? Traditionally ive been told have a little in the portfolio but worried on this one. +Hi everyone. + +I know we mostly discuss selling calls and puts but I would like to know from you about Call Credit Spread. + +I've been reading and watching some videos regarding Call Credit Spread and I would like to ask for aditional help. + +As far I understood, you need to sell a call at lower strike and buy a call at higher strike. Both OTM. How far OTM (delta) do you usually consider to open a new position? If it is far OTM the premium is to low but if it is not far OTM you might have the stock going up and I might end up with a loss. + +Strike width? That's another question that I'm still not sure. + +I tried some simulation with BA, X, AA, AAPL, ZIM and AMD but I not going to open any trade until I have more knowledge. + +Thanks for your help and sorry about any language mistake as English is not my first language. +Assuming I'm doing weekly trades, does opening on Friday and holding over the weekend increase the rate of theta decay? Is it worth It to open and hold over the weekend? + + +Cheers +I’m new to put credit spreads, but it seems like it’s too good to be true. Since using our credit spreads reduces the collateral required to enter into a trade while only slightly reducing your max profit, it seems like you can make very high profits on stocks that are not even volatile. For instance it looks like I can do deep OTM put credit spreads on blue chip stocks like ANTM, which is currently trading at ~$300 and still make tons of money. Example being sell 277.5p and buy 275p for a new credit of .62 on 2.5 of collateral. This is almost a 25% return on capital on an extremely likely scenario (ANTM staying above 277.5). What’s the catch? +I do not have a high conviction on Gold. I see gold simply as a market hedge and inflation hedge. I noticed it dropped down to a solid support area, and it has been consolidating. It is a good buying opportunity, for anyone wanting to buy. + +[https://notes.credit-suisse.com/Show/Details/GLDI](https://notes.credit-suisse.com/Show/Details/GLDI) + +Ticker symbol is GLDI + +This is a ETF (technically ETN) that runs covered calls on GLD for you. So instead of receiving the theta from a covered call, you buy shares of the ETN, and they pay out a monthly dividend. The annual yield fluctuates between 11% and 16%!! fucking good. Where else can you get a 11% annual yield guaranteed? + +I think covered calls is a superior play, because gold is a slow mover. I want to capitalize off that slow progression to the upside. Also, if you do not want to use a bunch of capital, GLDI is "cheap" at $9.00. You can buy 100 shares ($900 of buying power or less with margin) , and you will get \~$100 a year for just holding these shares, and collecting dividend + +Only negative is that this will limit your potential upside. [Here](https://youtu.be/7yBgoiYX4Ik?t=349) I overlay the chart of GLD and GLDI, so you can see the upside that was missed in 2020. However there was a lot of downside that was hedged away from people holding GLDI also. Check my reddit profile posts for more trades ideas and youtube channel is in my profile description +Hello everyone + +I started selling premium approx. an year ago, after I had to admit that day trading (gap plays) is not the type of trading I'm comfortable with nor good at. + +When selling premium I go for high IV stocks, but more solid underlyings like FAANG or ETF's instead of the current hype stocks. +However, this is just that you get a rough sense what I usually look for. + +Now I wonder when you place trades how big TA has an influence if you decide to set a trade up or not. +I primarly look for IV and IV percentile, liquidity in the underlying and options, ROC and POP. + +Then sometimes when I find a good setup I look at the chart and realize that my breakeven is a bit above a support (for example). After seeing it, I try to adjust the trade so the breakeven is below support and mess up the parameters which fitted perfectly in the first place. + +Do you care about technical analysis at all or do you play solely the numbers? +I am very affected by tastytrade (for me that's a good thing, don't get me wrong) and sometimes some of them don't care about a chart at all. +During my day trading phase it was the opposite and this distracts me quite often now. +I think I miss good opportunities because I make up reasons why something could go wrong even if no one can predict how any stock will move. Or do you use TA as a validation of a setup? +Where is the sweet spot? I think with two few stocks in your portfolio you are overexposed in the event one of your trades goes drastically against you. Other than the difficulty in management, I am thinking that more diversity is better but I’m interested in what everyone else is doing. +I’ve been selling ATM straddle on TSLA, NVDA and recently AAPL for about two months now. I’ve been getting some of the most consistent returns ever. When a stock move too fast in one direction, I just kept rolling up the counter leg (ie. move up I roll up short put). Only time I had to roll further out was the recent TSLA run up, but I’m still able to roll the whole straddle out and up for a credit. + +So my question is what’s the caveat here with this strategy? And why isn’t it more popular than it should be? +So I've been selling CSP's within the amount my cash can back up if I get assigned at the strike I've chosen to sell. + +However, seeing that I've been granted more buying power than my cash, it seems that I can sell more CSP's than just my cash allows if I get assigned (I know the risk, if I get assigned I still have to cough up the cash, this post isn't about the risk). + +However, before I go ahead and sell more CSP's on margin, **CAN YOU GET MARGIN CALLED ON SELLING CSP's?** + +If I sell CSP's on margin, can the underlying start moving against me SO MUCH, YET I AM NOT ASSIGNED, that my broker will liquidate my positions? + +I want to be clear that in this scenario: + +1. I have not been assigned +2. I am selling more puts than my cash can back up, but my buying power is allowing me + +Under these 2 situations, can a stock I sold CSP's on drop SO MUCH, that my broker margin calls me? +Just got into a ~40 DTE short strangle on IWM. 20 delta call, 30 delta put. Just wanted some thoughts on strangles on big slow movers. Got about 11% premium for collateral. About expected? +I've been generating income via covered calls for a few months now, and I have been making decent money via premiums and sometimes even got called away dirty, but overall made more money that I lost (potential gains if I hadn't written a call) + +What I observed is that this strategy doesn't factor into numbers the lost opportunity cost. For you to come out on top by selling a covered call (assuming you want to sell the underlying stock\*\*) - you need the price to finish within a specific window -> $strike price - $(strike price + premium received), so you can actually benefit from having written a call against it. This is very low probability, for your price to finish within the window on a specific day on a specific time. + +If the price goes up too much during the time your stock is used as collateral - you're stuck holding a stock with a good enough profit you would have sold ideally. But since the call you wrote against it is probably negative at this point, you're forced to keep the stock against your will. Then finally on the expiry date the price may have come down & you get to keep premium - but you lost potential gain. Getting a $20 premium for this inconvenience will brush over the fact that you could have made much more by selling it at a better time. No one speaks about this, and this is the most common case in selling calls, from my limited experience. + +Can anyone here shed some light on if I'm looking at this strategy correctly? I feel as a swing trader timing is critical and covered calls don't let you time with freedom. + +( \*\* If you don't want to sell your underlying stock, you have to choose a far OTM option which won't pay you enough for your inconvenience of locking your stock for a week/month - so as a rule I only write calls against stocks I want to sell - I know rolling is a option if you don't want to get called away, but I don't want to miss out on potential gains during the next week hoping next Friday's close would be in my target window - and stock market hasn't crashed by then) +I’d like to hear concerns, critiques, comments, problems, with what I’m currently doing. I’m also interested in what you think is a better strategy than this. What I’m doing is selling weekly covered strangles. I own 100 shares of a stock I’m bullish on and WANT to own. I will then sell a slightly OTM weekly (or biweekly) put and a slightly more OTM weekly (or biweekly) call against it. (The call is slightly more OTM because I’d rather keep the shares.) + +If the put expires ITM, I get assigned 100 more shares and repeat this process with my 200 shares the next week. OR I could roll if for some reason I didn’t want to be assigned at that particular time. If the call expires ITM, my shares either get called away OR I could roll if I wanted to keep the shares. + +I appreciate your feedback. +So I bought AMC back when it was wwwaaaayyy too expensive and then watched it burn back down. I started selling CCs on it to get our cost basis down, which has been working great. I opened a new round of CCs on it yesterday with a strike of $18 and 6/18 expiration and am watching it run with some anxiety. + +I'm already in the green on it and would kind of like to get out, but now I can't sell it. + +Help me understand the best and worst-case scenarios and how we can steer into/away from them. + +Best case scenario would be that it slowly climbs up and passes $18 (but not too far) by expiration. Stocks get called away, we make a little bit, and put our AMC money into less-dumb stocks. + +Worst case scenario would be that it shoots to \~$30 or whatever, then crashes back down before expiration, and we miss a chance to sell at or near a peak. + +Should I hope for a dip, close the position, then hope for the spike? I feel like that is a lot of hoping. This stock is pretty detached from reality and I don't think there is any way to predict how it will go. +What stock would you buy 100 or more of to start selling cc? I’m moving ~10k into my account and I’m curious what would be a good starting point for someone who hasn’t sold cc or csp before +How do you decide which stocks to wheel? I know you want ones with high IV but how do you find one that is also a good long term buy in case you have to end up holding? Usually the ones with high IV are also very risky buys. +I’m not sure I’d really realised how much inflation and everything had been getting me down. + +I took a huge leap of faith when my old job was going south due to Brexit and then covid, went and retrained and worked my ass off every night after putting the kids to bed hitting the books, working towards my accountancy grades, bounced around so many shit positions trying to get experience and find a place that would except a nearly 40yo career changer. + +Been in current job just over 10 months, pay day was today, got handed my pay slip, it had two pieces of paper inside, one was a thank you note from the partners and a above inflation raise, I literally had to go to the staff room to cry to myself. I don’t know what came over me, just had to share somewhere, haven’t anyone else to share this with. +Hi everyone I'll try to keep this short so I don't ramble and if you want any more info please ask. + +So on Wednesday 10/9/18 hurricane Michael destroyed my home in Panama city, Florida. At this very moment I have a place to stay very temporarily with power and running water but it will only be available to me for a few days. The place I stayed at was rented and I spoke to my landlord who said he is working on getting the roof repaired and Windows fixed but as it sits now it's uninhabitable. I'm not sure if I have a job still or not as I'm unable to contact my boss or co-workers. + +Assuming my last paycheck gets deposited into my bank next week I'll have about $900. I don't have a car but I do have a reliable motorcycle and a phone. + + +My situation now is that I don't know what to do from here the area is expected to be without power or water for 6-8 weeks (rumored) and I have no real reason to stay in the area. I'm trying to figure out... Where to go... What to do when I get there... And where to stay. + +If anyone can offer me any advice I would appreciate it a lot. + +Also my phone service is a bit spotty so if I take a while to respond I apologise. + +Edit:I appreciate all the input so far but it's been a very long day and I'm going to get some rest. If anyone else comments I will try to respond tomorrow. Thank you all +She just tried calling Wells Fargo and they told her the only thing she could do is say it was "unauthorized", which from the sounds of it the explanation was very vague. There has to be something she can do, right? I suggested that she call the bank back and move up the chain of command until something gets done or threaten to close her accounts and find a new bank since shes been a loyal customer for many years. Any other ideas? Thanks. + +Update 1: this was a rent check and after some research through statements, this was a 2nd check written for the same month of rent because the landlord had washed the check and requested a new one which would mean this is unauthorized. + +Update 2: The check that was "washed" certainly doesn't look to be washed. Landlord is now claiming it had to have been in her "rent bag". +Hi all, any tips hugely appreciated. +I'll be trying to work obviously overseas but not sure how good the market is, so might take time to find a job. + +- I'm on ING, going to open a ubank acct and set up automatic transfer between them to keep up HISA. +- i plan to leave money in australia to earn interest, about 40 or 50k, it's also a rainy day fund in case things go sideways. +- Taking 25k with me. +- I'll need to check how my super insurance works and if its not valid while im overseas, I'll cancel the insurance +- recommendations on travel insurance please, im just starting research into it now +- any other tips? +[The ASX long-term investment report](https://www.asx.com.au/documents/research/russell-asx-long-term-investing-report-2018.pdf) shows property outperforming all asset classes over 10 and 20 years. Aust shares look ok over 20 years, but still give up nearly 2% of returns per annum. Pretty interesting read +I’m 21, in a part time job but I can, and do over time when available. But essentially that means I don’t know how much I’ll get, and therefore I find it hard to budget. It can be anything from £750 - £1600 per month. + +My overdraft has a limit of £1000. Yesterday I was —£982 into it. After being paid this morning it’s now at just-£100. But the issue is I then spend the whole month just building it back up until it’s almost maxed out by paying rent, petrol etc.. general life things. + +Unless I get lucky with over time at work I really struggle to see how on earth I’m going to get out of the rut I’m currently in. At the moment I have no credit rating what so ever (to my knowledge), and I’m worried about getting a bad one by living out of my overdraft. + +Due to a battle with mental health issues I developed a nasty habit back in February, where I would basically order whatever the hell I wanted in a bid to make myself feel better. It worked temporarily, but has left me with a dark cloud over my head. This is where my problems began. + +I’m looking into another part time job waiting tables, and I’m also waiting for full time vacancies at my current job (which comes with an impressive pay packet). + +If you have any advice please please share, I’ll be very grateful for anything! +I don't make great money - I make just enough to pay the bills...but that's it. I still rely on SNAP and WIC to feed myself and my daughter because I'm under the federal poverty line. Because I work, I'm eligible for daycare assistance, but because I don't make a measly $7.25 an hour, I still have to pay 50% of daycare costs. I don't have family I can rely on to watch my daughter and I can't just simply "make more money" by job hopping or trying to rise through the ranks of my retail employment because then I'll lose our benefits. Literally, if I get a dollar raise, I'll have to report it and I'll probably lose everything. Every month it's been a struggle. My daughter's biodad is spotty with paying child support and his license is currently suspended for non payment and I suspect he'll be in jail pretty soon for just not giving a shit. + +I got a notice on my door today that the new property management is going to raise our rent in December. By $300. I already paid $1275 a month for a one bedroom apartment that has ants, roaches, the downstairs neighbors smoke pot and I can smell it coming through my vents and the neighbors across the hall are constantly screaming and fighting and I've had to call the police before because the husband/boyfriend/dude has threatened the kill the woman living there. But I can't afford anything else. One bedrooms in my area are running anywhere between $1500-1800 per month. + +There's no point to this post. I'm just venting and frustrated and scared. My kid turns 2 nine days after Christmas. I don't have any friends I could live with that don't have their own problems, I don't have family to really rely on for help. I constantly fantasize about winning the lottery so I can buy my own house instead of paying rent to this big corporation that is just trying to put money in their pockets. Hell, even my SNAP benefits don't cover food costs for the entire month with the way groceries have gone up - I get $255 a month for the two of us, and I'm still having to go to food banks (when I can get off work to go to our local one with their weird hours) to make sure we can eat. I shop at thrift stores, I only pay $35 a month for my cell phone bill, I don't have cable, just cheap shitty internet, I keep our apartment at 66 degrees, bathe every other day to save on water, etc. There's just no way to "cut" down on bills. I don't spend frivolously and I'm still struggling. I'd say it's got to get better sometime but I don't know if it it will. I just wasn't expecting to get the double whammy that rent and daycare would both increase in the next couple of months today. +My history: Joined in 2017, did all rookie mistakes u can imagine, including losing funds on a hacked exchange (BitGrail), but did not give up and sitting on 30x of my initial investment today. The best thing about investing: You can't blame anyone but yourself for fucking up. This is what motivated me the most, so I used the bearmarket to read books and educate myself. + +The strategies I'm sharing here are for people who are a little bit more confident and want to do more than just DCA + +**Getting into a position / accumulating bags:** + +People love to accumulate on the way down. They think "Wow, it can't drop much further from here", but it can always drop more. If u buy at -90% and it goes to -99%, which we saw for a lot of coins in 2018/19, u are down -90% on your investment. Since most coins recovered, people will feel like this strategy is great, but some stuff does NOT recover. About 5 of my old bags got delisted from exchanges and are now worthless. + +The much safer strategy is to accumulate on the way up after a break in market structure (making a higher low and higher high) and getting out when it forms new lows. You might be wrong a few times, but it is much safer. + +If this is too advanced for you and you prefer DCAing in a bear market, I would do this only for Bitcoin and Ethereum or a few other majors and only buy small caps after the trend has changed. + +**Exit strategy / taking profits:** + +You probably heard the following statement plenty of times: "Nobody ever went broke by taking profits". I tend to disagree and here is my version: Bad traders go broke, because they cut losses too late and advanced traders go broke, because they take profits too early. + +My reasoning: We are in crypto. It is a highly volatile market with great opportunities and great risks. Investing into crypto for small profits is not a good risk/reward. So once you have a position and the market is starting to trend, you want to go with the trend and sit tight. People rather take profits on their 2x-3x bag and put them into their worst performing bag, because "it has to catch up". Instead, they should add to their 2x-3x bag and think about getting rid of the loser. Of course, you have to take profits at some point, but don't set your targets too low. Even Bitcoin did a 15x and some of my other bags did a 50-100x and this is where I took profits the first time. + +So how do I find good targets? Analyze the history of the coin you're buying or similar coins and see how they performed in past bullmarkets to get a feeling what might happen. Go to their telegram channels to get a measure of euphoria. If new people are flooding in and sharing crazy targets AFTER it is already up a lot, you can start taking profits. + +**Patience is key** + +This is not a secret, but I still want to emphasize it, because it is by far the most important factor. My two previous paragraphs are based on patience. By not accumulating on the way down you are basically doing nothing for a long time, but waiting for a shift in market structure. Once you are in position, you are again doing nothing for a long time, but watch your bags grow. This is how the big money is made. It is the easiest and hardest part at the same time and in theory everybody knows it, but once you are in position you forget about it. So set up a system of rules and do not break them, EVER. + +Patience was and is my biggest weakness, so I found a way to trick myself: I created one hodl/longterm portfolio with 90-95% of my assets and one active altcoin trading account with only 5-10%. This way I could still do stuff in crypto and keep myself busy without touching my good bags. It's also nice to compare the performance of holding vs trading. My trading account is in profit, but got outperformed big time by the longerm portfolio. + +I could probably fill a book at this point myself, because there is so much more about it, but I will cut it here. + +PS.: Don't check my post history, I did it for the Karma lol + +Edit: I needed the Karma to make a post here (500 Comment Karma) + +Edit2: Apparently 5 years is not enough to call myself a veteran, so I will hereby renounce that title +I currently have a Volkswagen Golf 1.4 TSI. It’s nice, but I can upgrade to something more luxurious, sporty, or future-proof. + +With it recently being announced that the sale of cars that use fuel will be banned from 2030 (and hybrids in 2035), should I now look upon petrol and diesel cars as assets that will depreciate in value far too quickly? + +On the flip side, electric cars are *expensive*. I don’t know much about the cost of running and maintaining them, but you’re looking at a £10,000+ premium to buy a car of the same class as I could buy as a fuel version... that’s the dilemma! + +* Of course, cars are usually depreciating assets. I just mean, in terms of an upgrade, is the supposed upgrade more expensive in real terms than it first appears on paper, given the fairly imminent shift to electric. +As a New Years resolution I’m going to start paying better attention to my spending via a budgeting tool. Ideally I’d like something that uses open banking, works on desktop and mobile. I’d like to use YNAB but it doesn’t work with open banking or any other integrations. + +Does anyone have any recommendations? +Apple Inc is one of three largest publicly traded companies in the world with a market cap of nearly $1 trillion and a cash warchest of $200 billion. The company is not so acquisitive and likes to buy smaller businesses or start-up for talents and technology. However with iPhone -its biggest money maker- revenue declining and a global trade war between US and China -its most important foreign market-. So Tim Cook the company's CEO and the board decided to diversify the company and grow its services and new businesses and made thes five mega deals: + +1. Tesla acquired for $70 billion cash and stock + +2. Disney acquired for $250 billion cash, stock, and debt obligations + +3. Activision Blizzard for $30 billion cash + +4. Twitter for $20 billion cash + +5. T-Mobile for $50 billion cash and stock + +Apple's largest acquisition to date before making all these five mega deals, was buying Beats Electronic for $3 billion. +Looking at the details of estimate changes, 153 firms had their estimates for Q2 raised after reporting. Those stocks are up 2.64% year to date which is 3.02% better than the market. 173 firms had their Q2 estimates cut after reporting. Those stocks are down 4.75% year to date. That’s an underperformance of 4.37%. +[Where Are Stocks Headed Next?](https://upfina.com/where-are-stocks-headed-next/) + +-International and domestic travel is suspended + +-Every airline is either broke or being bailed out + +-The tourism and leisure industries are dead + +-Entertainment (restaurants, bars, nightclubs) industry is dead + +-Consumer goods (cars, electronics, fashion) are dead + +-Industrial activity is being wound back + +-Service industries are reeling + +-Unemployment is skyrocketing + +-Banks will melt / require a bailout + +-We are in the midst of a global pandemic + +…. And we are only getting started. Why are the markets so crazy? + +Positions: deep BBOZ / BBUS. Will chase losses today +Considering the stupid shit I have asked in here I don't think your opinion of my intelligence could get lower... so fuck it, why not ask the insanely dumb questions. What triggers a market correction? I can grasp the concept that a market wasn't as healthy as everyone thought therefore needs to slide back a bit. But take last Tues, why did that happen on Tues? Why not Wed? Or Thurs? What is the mechanism that actually causes it to happen? Also if you could phrase your answers like you're talking a 10 year old it would be helpful. Cheers. +**Many of the people here are familiar with the company Selfwealth - I have made an update on the back of the most recent quarterly and based on various tailwinds SWF now has, I have raised my price target to $1.15 -** [Video For those who prefer watching.](https://youtu.be/I9N8nGZ29zU) + +**Two Acquisitions that are comparable to Selfwealth:** + +**First - Acquisition of E-Trade Australia in 2007.** + +E-Trade in 2007 was an online broker that had 25% market share of online share trading with 300,000 traders on the platform. E-Trade was acquired by ANZ for $430 Million AUD at the time, which adjusted for inflation would now be ***$\~580 Million.*** + +**Secondly** \- early this year in January, we saw the acquisition over in the U.S of the online broker and trading platform TastyTrade. TastyTrade was acquired by IG Group for US $1 Billion or **$1.289 Billion** AUD. For reference, TastyTrade had 150,000 traders on the platform. For comparison, we estimate that SelfWealth is now sitting at around \~75000 traders. + +SelfWealths market cap as of writing is at **$135 Million AUD.** Selfwealth, based off comparable acquisitions, is looking undervalued in my opinion. + +Also, yes, although both acquisitions are not perfect comparisons based off the amount of money made per trader, they are the closest thing we have got. Keep in mind, SelfWealth is continuing to grow its trader base and marketshare, as well as innovate in ways to increase the amount they make per trader on the platform. + +**Next quarter** we will see the effects that US Trading launch had on SWF, as well as the benefits of the newly negotiated OpenMarkets contract. This is on the back of the recent Gamestop Debacle among the more broader trend of an influx of new Millenial and Gen Z traders and investors. The March quarter is also historically good and I expect we can see a re-rate of the Share Price around this time. GLTAH. +Likelihood of positive news for the lupin project? Seems unlikely that there would be negative news after a positive update just a week ago. + +Nervous none the less, hungry for some tendies 😅 +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Would like to get the opinions of reddiots that have invested in solar/wind/Tesla/lithium. I currently have my money tied up in crypto which has see a nice 200%+ annual roi over the bullrun. + +I'm 21 so could afford to take this risk and dumped my 7k savings after my first year of full-time work. I'm aware of the volatility though and now I have something to protect I want to view long term + +My father has always been cautious and conservative just saving his money but seeing my returns it's prompted him to show interest in investing $10,000 for the first time in his life and he stated renewables/tesla as an area of interest for him. I said id do some research and get the opinion of people in that space as I see this as an exciting chance for him to finally see the value in investing. + +How has it performed? Should I wait until fomo dies down? Is there a particular stock/share/commodity you'd recommend or think is currently undervalued? + +Thanks in advance from Dad and I +With 1.35bn heading towards cyber security, it's a sure thing right? And if the answer is no, what are other reasons I should be cautious? I want in but my concern is I can't find a reason not to get in. +Righto, friend of a mates cousin mentioned that Phosphate is going to be shit hot soon. But I've not seen much discussion in here around it so my knowledge limited 😁 + +He reckons that countries have stopped exporting phosphate fertiliser because there is a shortage and they'll need their own supplies for food. And Tesla said they now want phosphate for their batteries or some other EV thing. + +Anyone know anything about this? Is it worth throwing some dosh at something like AEV? + +Or is he just full of shit? +I work for an educational nonprofit and I asked for and got a $5000 raise! + +I prepared for this by compiling a list of my accomplishments and having data to back up my claims, and then asking for it! + +My boss had already prepared a 10% raise ($4,000), but gladly gave me the extra $1,000 when I asked, saying that he wants committed passionate people to stay here and feel appreciated. + +I live in the PNW so I still don’t make a lot of money for the area, but with strict budgeting and my child free stance, I can now save for emergencies and retirement!! + +Edit: I now make $45k after asking for a raise, and I’m stoked about the financial implications! +Hello! I had a surgery done back in late July, it was for a medically implanted hearing aid. This was not a cheap procedure, it was roughly $50,000. Prior to the surgery, I got the go ahead by my insurance, they said the provider was in network and I have the paper documents from them stating this was a medically necessary procedure. + +Flash forward to September 1st, I get a letter from my insurance company stating they retroactively denied my surgery on the basis that it was “not medically necessary,” and the rationale they used was “hearing tests were not submitted, therefore this procedure was not medically necessary.” The first thing I did after receiving the letter was contact my doctor’s office, who was also my surgeon. + +My doctor’s office, and the surgery department both submitted all the records they had with me as their patient, ever. I felt pretty confident this would do the job, considering the rationale was there were no hearing tests submitted. Well this takes us back to yesterday, the 4th of October, I get a call from my insurance company saying they denied my appeal, and I’ll get a letter in the mail in 10 days stating why the appeal was denied. + +I contacted my doctor’s office today to notify them of the decision, but I have not yet heard back, it went to voicemail. I’m not sure what to do next. I’m 21, I’ve paid off about $30,000 in debt the past year and a half, and I literally only have $1,600 left, planning on being debt free this month. + +I’m not sure what step I should take next. Will my doctor’s office likely be able to do anything else? Is it time to start talking to, and getting an attorney involved? In the case I’m screwed, and I actually have to pay this bill, will the doctor’s office likely bill me the full $50,000? They really don’t teach you how to deal with situations like this in school, any help or advice would be greatly appreciated. + +Edit: I live in Missouri, surgery took place in Kansas by a doctor who’s primary office is in Missouri if this information is of any use. + +TLDR; my health insurance retroactively denied a $50,000 surgery, then denied my doctor’s appeal, and now I’m not sure what to do. +Please help maintain the Wikipedia entry neutral as it is the first page that many people visit to learn about Bitcoin. There have been numerous recent edits in regards to whether Bitcoin is a real currency or not. Check it out: https://en.wikipedia.org/wiki/Bitcoin +I’ve spent the past year and a half developing a strategy that I’m 100% confident in but I’m seriously struggling to get myself to trade it properly. + +As soon as a trade starts going against me I want to sell to minimize losses or as soon a trade starts going in my favor I want to sell to hang on to any gains, despite having a specific stop loss and sell price. + +I have a trading plan that I trust but despite that end up selling early which stops me from gaining in the long run. + +I trade Spy options and only trade one contract at a time but can’t seem to get over this hurtle has anyone else had this been problem and been able to find a way past it, how do you get out of your own way? +With everything that is going on, I think a recession is now pretty much inevitable. I'm in sales, which is always a high risk field when the economy tanks, and my large multinational company has already forced all employees to work from home indefinitely going forward - I'm getting concerned that a downturn is now already in progress and remember 2008 too well. + +I would get redundancy pay but am going to start putting more into my emergency fund, just in case. Anybody else planning something similar? +TLDR; expenses are 6100$, income is 5600$ budgeting has been done and steps are being taken to get the balance positive. Looking for help on how to further improve. Thanks! + +•Income: 5600 +•Child Care: 1200 +•Cars: 1100 +•House:1300 +•Energy: 200 averaged +•Trash: 30 +•Water: 30 +•Internet: 55 +•Streaming: 60 +•1 Credit Card: 4000 24.24% +•2 Credit Card: 11100 22.2% +•3 Credit Card: 1100 0% if paid within a year. +•Phone: 274 (soon to be reduced to 174) +•Insurances (non medical): 331 +•Home alarm: 60 +•Pet supplies: 180 + +Loans +•Fridge: 100 (will pay off in lump sum) +•Boiler: 250 (total 21,000 over 5 year term) + +Hello All. After a shocking look at my accounts and an even worse reevaluation of my family budget I realized that with out working any overtime my family is negative some 500$. Our overall budget is 5600$ and overall expenses come to 6100$. The primary factor here is childcare to the tune of roughly 1200$ a month. Our arrangement is on an hourly basis so we can reduce that by having my MiL watch our baby which she plans to four days a month as payment for rent along with contributing some of her food stamps towards our grocery bill. + +My MiL, and three of her dogs, has moved in with us, has disabilities and is going through a divorce and foreclosure. Currently she is not working and focusing on clearing out the family farm. She has not had an employer for something like five or six years now. Once she gets that taken care of she hopes to continue to run her green house. I am of the opinion that this business is a lost cause now that the farm is gone and with her health plus the fact she now lives an hour and a half away from it. Even with what I stated she is going to contribute she is still a drain on our finances. We are planning on making her pay 200$ a month for car insurance, dog food and her cell phone which we cover for her currently. + +My wife and I pay about 1100$ in car payments per month. I have a new off the lot 2019 Nissan Frontier Truck purchased under duress three years ago. The place I was working at the time was across the city and with harsh winters and worse snow removal policies in my neighborhood my car would have gotten me fired and there were no reasonably priced used mid to low mile trucks to be found. My wife drives a top of the line Rav4 hybrid she purchased against my recommendation after a promotion at a job that was both toxic and she ultimately left six months later. Taking an overall 30k pay cut, though most of that was already in effect as she was summarily demoted and had her wages cut, again very toxic and a long story. As far as I can tell trading in our vehicles doesn't seem to be worth it in this market as everything I can find in my area is extremely high mile or roughly what I owe anyways so it feels like I will be trading a known reliable vehicle for an unknown of same value or lesser. + +My house payment is 1300$ a month, including a little bit extra to pay towards principal. Bills come out to roughly 800$ across all the usual expenses including streaming services at about 60$. And 300$ budgeted for food plus the 200$ contribution from MiL. + +Credit cards come out to 17000$, the large majority of which is carried by my wife who relied heavily on credit while on maternity leave (not placinging individual blame just clarifying the circumstance of how it got built up in this location). We have an outstanding loan for our new fridge which we are planning to pay off freeing up 100$ a month. We have an upcoming 3000$ dollar bill to remove a hazard tree in my yard. The tree has to be removed or any new damaged caused by it won't be covered by insurance and the company coming out to remove the tree limb that started this situation is already bringing a crane so this will be about the lowest cost I can get for the removal. We also have a loan for the boiler/water heater we had to replace last year monthly payment 250$. + +I am at a loss for what to do. I can work extra hours, and I do, but we are going to the slow time of year so that is not a good source of income. I work 12 hour rotating shifts so a part time job would be difficult to maintain. Plus every hour I am working with out my wife at home increases the amount we pay in childcare. My wife doesn't really have overtime opportunities at her clinic. We plan on rearranging our health insurance benefits as they are comparable and would come out cheaper for me to join up with my wife's plan. All of the outlined steps to mitigate costs would bring us to about even in our budget and with overtime we would be positive assuming we don't incur more childcare costs to do it. + +(Edited to include line items and clarity. Included make model of truck.) +Amazon reported earnings after the bell. Here are the results. + +Earnings per share: $27.75 + +Revenue: $137.4 billion vs $137.6 billion expected, according to a Refinitiv survey of analysts + +AWS revenue: $17.37 billion expected, according to StreetAccount + +Also, Prime membership cost will be going up +$20/yr. + +More here: https://www.cnbc.com/2022/02/03/amazon-amzn-q4-2021-earnings.html +I just checked my credit report because my husband and I are talking about buying a house. When I checked my score it was down around 35 points. I checked further and found that there were 2 medical bills from over 2.5 years ago that had gone to collections. + +The weird part is I have no memory or record of those medical bills. I had one bill from that hospital and I paid it. I have been called by the collection company before, but I honestly blew it off because I always pay my bills on time and I thought it was a scam. The collection company never sent me any written notice of debt and I don't think I received any bills from this hospital for these amounts. Also the bills are from dates I was not at the hospital and for nice round amounts, which rarely happens with medical bills in my experience. + +I am not sure what to do. I have looked online and on the wiki, but I am still so confused. Because the debt is so old, I don't know what rights I have or if I can dispute it. I really want to get the mark off my credit reports so that I can get the best mortgage rates. + +My credit scores are still above 775, but I know an unpaid debt looks bad. The bills are for under $500 total and I can afford to pay them, but I don't want to pay debt that I honestly don't think is mine. Help me please! + +Update: I called the hospital and found out that the bills are valid. However, something went wrong with the automatic mailing system and it cut off my apartment number. So unsurprisingly I never got the bills and they kept being sent back. After enough time passed, they sent the bills to collections. + +I had no idea that I was going to get 3 bills from 1 ER visit, so I was clueless that anything had gone wrong. + +The good part is that the woman I spoke to in Billings looked into it, found the mistake was on the hospital, and sent an inquiry to see if they can take the debt back and get it off the credit report. Sadly I do owe $450, but it's a small price to pay to clear this all up. + +Thanks for all the advice! +A million dollars worth of deep in the money calls for a $10 strike were just bought on AMC (it's over $40 right now). Any thoughts or insights as to why someone would do this? + +Thanks +I will do my best to explain everything in English, for any error or mistake please excuse me. + + +So a month back I posted a picture where I went from 50 to 1000 in 2-3 months time. + + +I got lots of questions how, what and people asking about my strategy. +Anyway I won't discuss with you my strategy , why? I don't really have any. + +The things I only use is SUPPLY/DEMAND and a bit of Price Action but trust me when I say it's all in the mind. + +I've been trading since my 17. Not full time, but had few times off, then went back in, crashed, funded, crashed. After 5 years this was my first decent gain from a small account. + +&#x200B; + +When I say I started with 0.01 lots it means I STARTED but during the journey I sure did increase my leverage. + +LET'S START + +&#x200B; + +1.YOUR ACCOUNT + +\------------------------------------------------------------------------------------------------------------------------------- + +Why is this important? + +See, in forex you can start with any amount you want. I've started with 1000/500/100/50 EU accounts. X is the amount you are willing to lose. + +Obviously it's better to have a large fund so you don't get margin called too soon. But if you are a beginner, I recommend to start using small funds like 50-100-200 EU. + +With a small fund you will be in a better position emotionally, there is not too much money on the line versus a 1000 account. + +YOU ARE GONNA LOSE, several times. A bunch of times. Are you willing to take the risk? I like taking risks, I learn from my mistakes to that's what kept me going. + +2. EMOTIONS + +\------------------------------------------------------------------------------------------------------------------------------ + +This is very important. + +Perhaps you have been demo trading for few days/months, seen some nice gains and started real trading and then BAM it went wrong? + +If not, good for you but for many of us it goes wrong. Why? Because demo trading and real trading is very different. When your stake is at risk, your emotions change. Thus you forget everything you have done on demo with your emotions. + +&#x200B; + +Losing 100 K on demo trading -> haha fuck that, it's demo anyways. I don't care at all. + +Losing 5 euro on real trading -> you will feel like you want to cut your losses and stop trading. + +This is how it went for me. + +I've tried many strategies, courses, indicators, EA, call it up. But what I didn't try is taking control of my emotions. + +Anyway, I tried being patient and started trading without any fucks given. Meaning = don't care about losing or winning your money. I used also small lots, but we will get to it later. + +A nice strategy will give you an edge for bigger gains, taking control of emotions will help you handle losses and gains. It will help you not being greedy, it will help you not to watch your trades every fricking 5 seconds. + +Seriously, what I want to say is the way you feel and act on demo..take it to real trading because this will help you. + +I've had times where I went deep into the red, I just let my emotions handle and patience. That large draw down became some good positive $$$. + +&#x200B; + +3. LOTS, RISK/REWARD - RISK MANAGEMENT + +\------------------------------------------------------------------------------------------------------------------------------ + +I won't get too much in the RISK/REWARD system, you can look it up for better explanation. + +Emotions and risk/rewards go hand in hand. + +If you think Forex is get rich quick scheme, boy you are wrong. It's more like get poor quick scheme. + +If you can handle your lot sizes and are happy with little reward or little risks..you will benefit in the long run. + +The bigger the lot size, the more you gonna be emotionally dependent on that particular trade. + +Controlling your lot size where you are emotionally independent gives you more confident and boost and you will survive during a large draw down. + +Emotions and risk management will keep you away from revenge trading. + +&#x200B; + +\----------------------------------------------------------------------------------- + +!!!! + +So don't ask me for SL/TP rations, entry, exit, indicator ..etc because I don't use any. + +I take care of my emotions and that's what works for me. + +Find something that suits you because what I do won't work for you and vice versa. !!!! + +&#x200B; + +&#x200B; + +I've taken a break now, I will start again in a week using the same fund. +So, Long story short. I'm a Quantity Surveyor based in the UK. I know numbers and numbers know me. I dabbled in Forex for about a year and didn't do too badly until I had ulterior commitments. The only social media I use is Instgram and I need to ask. I see CONSTANTLY these accounts of users flashing the cash and saying "join my team" etc. + + +Can someone give me a nice healthy dose of the redpill here as I can't grasp the concept of these places cropping out of no-where. My guess its some form of pyramid scheme? + + +Any advice will be grand. I don't intend to join but I am curious and I am sure a few fellows out there know the score. + + +&#x200B; +Hi guys. + +So, without revealing what you made, and treat that as privacy, may I ask when was the first withdrawal and how much did you guys started off with? +Is it possible and is there anyone out there who trades for a prop firm and still has their “day job”? I am considering options. Right now I wake up at 3am and trade London and then look for setups during NY while I’m at work and have done well with it. I don’t have a huge account though and it’s proved more difficult than it may seem to grow. At least in a years time frame. I am still young and not married yet so I even thought about moving back in with parents for a few months to get at least 20k to trade with. +Hi, I absolutely want to start trading but I do no a single thing about trading. I want to know the steps I can take to learn and how to go about it. Whats the best way to start +Just wanted to keep everyone up to date on the growth of live streams over at Twitch.tv. I currently have over 450 followers and there is constantly 30-50 viewers in the live trading room exchanging ideas. + +Also, there are many new streamers coming on line. Come check out: +https://www.twitch.tv/smokeintheeye88 (He is now live) + +My stream can always be found at : http://www.twitch.tv/ghostdigg + +As always nothing to sell here. We are just building a live community of traders exchanging ideas. Come join the conversation. +Hi, + +Today, i saw the price per pips of Xau/Usd who was around of 1K for a lot position of 1 and today the market of that symbol was volatile so i am wondering why there not that many people trading gold? + +Im sure there's reason why, but can someone explain? + +&#x200B; + +Thanks! +I see so many bragging posts, typically someone who say they are just getting their act together. In my opinion it's very dishonest. They only show the recent highlight of their "career" and not all the busted accounts. You would not need validation from peers if you really were a successful trader. + +I get it, you want to show it to someone, and no one around you really understands how difficult it is. But if you get a lot of praise and validation you're gonna think you are much better than you are. Bad for trading. If you get criticism it will be saddening and probably invalid criticism simply based on a screenshot, so that is also bad for trading and can't help you. + +So please stop it. Post your analysis, your plan, you ideas and discuss. +That trading is the hardest thing that most people that attempt it will ever do in their lives? I've lurked here for a while and just feel like this is something I have to get off my mind as someone who has seen some shit. + +There is a reason why most people fail. + +There is a reason why nobody believes daytrading is a way to earn a living. + +There is a reason why people believe markets are random. + +This can all be boiled down to people not figuring it out, giving up too early, testing some "strategies" they found on the web and thinking it was all bull, etc. + +The vast majority of successful (I'm not talking about your $100/day here pal, I'm talking *figures*) baller ass traders in this game have been through shit that is unimaginable to the newbie who is just starting out. The traders who become millionaires have gone through the blood sweat and the tears, they have been through the sleepless nights and the loss of confidence crying in the fetal position because you feel like the last 24 months were all just a waste of time. These are things people go through to get to the highest tier of their profession, not just trading. But while we're on the subject of trading, this shit is a sport, and we are all athletes. The question is: are you striving to be like Jordan, or are you going to be a no name playing in the D league just trying to get by? + +A lot of people here mention their aspirations of big houses, fast cars and beautiful women, and I understand that *everyone has to start somewhere*, but if you have to resort to asking people *for their specific strategy* that they have poured countless hours and their soul into figuring out on their own, how do you expect to ever have the confidence to risk a 5 figure sum on a trade setup with that strategy? It will never work, this shit is an extension of your personal psychology. + +That's all I really wanted to say. +In the book "The 4 hour chef", Time Ferris introduces his method for fast learning: DiSSS (**D**econstruction, **S**election, **S**equencing, **S**takes). + +**Deconstruction** - Break the topic in its smallest parts (for language learning, this would be **words**) + +**Selection** - Using the Pareto Principle, select the 20% of parts that would provide 80% of the result (for language learning, this would be the 100~300 most used words) + +**Sequencing** - Put the parts in a sequence that is easier to learn. + +**Stakes** - Create rewards/punishments to keep you motivated. + +---- + +I'm curious on how you would **Deconstruct** the Day Trading skill. + +I'll begin: + +* Technical + * Supply / Demand zones + * Support / Resistance + * Price Action + * Candlestick patterns + * Fibonacci Levels + * Pivot Levels + * Trend lines / channels + * Know when to trade +* Fundamental + * Interpret news + * Economics theory + * Market theory +* Psychological + * Meditation + * Control emotions + * Accept losses + * Discipline +* Trader Development + * Risk Management + * Keep a trading journal ([sample](https://docs.google.com/spreadsheets/d/1jNHeBTu3fBESvRD2l5AGtV1Xs2wuZ59wirxnvQG_OXQ/edit#gid=0)) + * Develop a plan / strategy + +Anyone would add / remove something? + +EDIT: Forex4Noobs suggestions: **Risk Management** and **Trading Journal** +EDIT: Notrius01 suggestion: Know when to trade +I see so many bragging posts, typically someone who say they are just getting their act together. In my opinion it's very dishonest. They only show the recent highlight of their "career" and not all the busted accounts. You would not need validation from peers if you really were a successful trader. + +I get it, you want to show it to someone, and no one around you really understands how difficult it is. But if you get a lot of praise and validation you're gonna think you are much better than you are. Bad for trading. If you get criticism it will be saddening and probably invalid criticism simply based on a screenshot, so that is also bad for trading and can't help you. + +So please stop it. Post your analysis, your plan, you ideas and discuss. +[https://news.sky.com/story/sky-views-were-heading-straight-for-no-deal-and-constitutional-crisis-11557831](https://news.sky.com/story/sky-views-were-heading-straight-for-no-deal-and-constitutional-crisis-11557831) + Just turned 18 not too long ago, I've been studying and learned how to use the TDI indicator, and know a tiny bit on how to use the ichimoku indicator, but nothing seems to be working. I am only using demo right now so I don't actually blow my account up and still haven't gotten a strategy that could work at least 20% of the time. What I really hate is that every single person out there wants to sell you something or doesn't actually teach you anything. Is there a person/group/chat/channel/voicechat that can mentor a bit? It's insanely hard to find someone not scamming! I've almost came to the conclusion that there is no way to "get in the know" anymore and just ditch the idea; but then would've wasted all this time studying. +Please include trading time-frames and what your strategy is based on. What is your personal edge and personal curse when it comes to trading? Mine is that i can predict where price will be correctly more often than not, but my entries are ass. I trade channel breakouts on the 2min/5min and roll a dice to measure my SL size (joking) +I started with 2k, and did no more than 3 trades a day, my goal was to make a 100$ every day, and everyday I was profitable only having a few small losses here and there. I trade with half of my account. I was wondering If this is just pure luck, or does anyone else achieve these profit margins? +I have created a new strategy that manages risks decently. If anyone sees any flaws please say so, I am still a beginner and want some feed back in this. + +I do 3 different types of trades. +Day long/overnight, hours, and session trades + +Day long/overnight- pretty self explanatory +Hours- over the course of 2-8 hours +Session- Literally watch as the rates change + +For Day long trades I put a lot size of 0.10% of my total balance and calculate a stop loss from the time of the trade to when I would lose 7.5% of my acct, this leaves a lot of time for the market to shift back in my favor if it does go the opposite way for a bit. I set notifications with the SwissForex app for every 100 pips that the trade goes in my favor (ex. 108.700, 108.800, 108.900) and as soon as the exchange rate goes even 5 pips into profit, I change the stop loss to slightly above breaking even, and change it every 100 pips. I set a notification as well for when it gets within 15 pips of my take profit number so I can change the number to higher and bring the stop loss number even close. +(No more than 2 at a time) + +For hours trades it is the same exact strategy as day long except the lot size is slightly bigger at 0.15% of my total balance, this gives it a little less time to sway back in your direction if you predict where it is going wrong. Other then that it is the exact same +(No more than 2 at a time if there is a session trade going, if not 3) + +For session trades you wont take your eyes off the trade and they are a lot shorter. I use a lot size of 0.25-0.5% of my total balance and calculate a stop loss front the time of trade to cancel after I would lose 10% of the account, this would leave a lot of time for it to sway back in your direction if it happens to go the wrong way. As soon as the exchange rate goes 3-5 pips in your favor, change the stop loss slightly higher and closer, every time as it slowly rises. You don’t want to put the stop loss too close to the current rate and be greedy, just in case there is a slightly drop, for it to only rise again faster. (I like to stay 5-8 pips behind it after I am guaranteed profit) + +At the end of every week I withdrawal 30% of the profit and keep the other 70% to grow the account, cause as the balance gets bigger, those percentages stay the same, keep the same consistency, and make more money exponentially as it grows. + +Once again I am still a novice at forex and still learning my ways to do things and manage risk/reward strategies. Any feedback on this would be greatly appreciated, +If I make some money, I'm happy as fuck. + +If I'm losing streak, I get mad at everyone and feel fucking sad. + +How to remain emotionless? I have read trading in the zone and know this is a long term game etc, but stil.. +With the meltdown in full swing and coupled with global and domestic political situation the next few months looks to be on the downwards trajectory, so how do you think MF subsribers will react some of my friends who started investing in last 2 years are now in red, they are panicking so what do the sub feel , it might be that my friends are outliers. But if they are not MF subsribers pull out money then it will be a even bigger bloodbath. What are your views? +My friend, new to investment, bought 5 ELSS during last financial year. + +We were discussing about it and I mentioned that it is too many as this is over - diversification. + +But he can't see how that is bad and frankly, I couldn't explain it better. His defence is simply selection bias, his "fear" is what if the fund he chose underperform wrt funds he didn't. + +So, good people of Reddit, can you point me out towards articles, examples and (mathematical) logic why he should stick to just one ELSS instead of 5? + +His selection criteria was - he started with top ten ELSS and then shortlisted 5 funds with least overlap. +The wild ride that is YES Bank is what makes our stock market not very mature. No body is bothered about fundamentals and everything is driven by hearsay and rumors. +Interesting times for passive investors, Looks like AMC's don't want to miss the passive market with their unique instruments offerings. The Big daddy of Nifty Next 50, higher in risk and reward is shortly coming, courtesy SBI. + +A quick performance comparison between Nifty Alpha 50 and Nifty Next 50 5 years period chart [here](https://imgur.com/a/0UxnulF) + +Full details [here](https://www.rupeeiq.com/content/sbi-mutual-fund-files-papers-for-momentum-etf/) + +Freefincal article here comparing with nifty next 50 [here](https://freefincal.com/nifty-smart-beta-strategic-indices-vs-nifty-next-50/) +and [here](https://freefincal.com/nifty-strategy-indices-mutual-fund-benchmarks/) +I never used MobiKwik before and recently for some very specific use-case I downloaded the app. + +They automatically started my Zip account with Rs 25,000 credit line (similar to BNPL). I don't use such services and prefer my credit card over such schemes, I deactivated Zip account on app just to ensure that I never use it accidentally also. + +Recently, I was checking my credit score on Cred App and realised that I have Rs 25000 loan account opened with IDFC. There is no outstanding amount but the loan is active. On further checking, I found out that IDFC is banking partner of MobiKwik and this loan account is linked to my Zip account. + +I reached out to MobiKwik's customer care but they have been useless so far. + +Any thoughts or suggestions on how can I shut it? Can I complain to RBI since it has minutely affected my credit score? + +PS: Not too worried about credit score but don't want any random active loan account. I already have one education loan going on. +Placed an order today via Zerodha Coin to buy few units of a Nifty index fund. Order was placed at 10:47am and the status changed to Processing - Order sent to AMC. However, I did not see any funds getting deducted from my Zerodha balance. When I checked again in the night I saw the order status change back to Open with reason Exchange issue - Pending execution. + +Does it mean my order was not placed today? + +Anyone else faced this issue before? + +Will Zerodha retry the order tomorrow? And, in such case, will I get today’s NAV or tomorrow’s? + +Edit: For anyone else with same issue, it was caused due to [BSE Star MF outage](https://www.livemint.com/mutual-fund/mf-news/bse-star-mf-outage-disrupts-thousands-of-mutual-fund-orders-11618225467608.html). Received an email from Zerodha saying my order will be processed tomorrow, 13th April. I can choose to delete it before 1:30pm. I guess I lose out on today’s NAV. +How do you guys analyze pharmaceutical companies? + +Apart from the usual filters that one has, how does one go about understanding patents? + +Also, is there any correlation between money spent on R&D and better products? + +Pharma stocks haven't been the best this past year. Any companies that y'all have in your portfolio? +We encourage all our visitors to ask those investing related questions they were always too afraid to ask. This thread will be moderated, to ensure it remains free of harassment and other undesirable behavior. + +The members of /r/IndiaInvestments are here to answer and educate! + +If you are looking for which brokerage to use, which fund house is more capable and trustworthy, which investing platform to use, which insurance company is reliable etc., you may want to read the reviews for [banking and financial services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new), [mutual funds and asset management services](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), [brokerage products and services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), and [insurance products and services](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 company, or fund, or bank. Answers are always subjective to your personal needs, but those threads a starting point for you to look at what other Redditors have to say about a company, product or service. You, may 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 have 10,000 rupees, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer + +* How old are you? +* Are you employed/making income? +* How much? What are your objectives with this money? +* What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?) +* What are you current holdings? (Do you already have exposure to specific funds and sectors?) +* Any other assets? House paid off? Cars? Expensive partner? +* What is your time horizon? Do you need this money next month? Next 20yrs? +* Any big debts? +* Any other relevant financial information will be useful to give you a proper answer. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! + +Previous Threads [Links](https://www.reddit.com/r/IndiaInvestments/search/?q=%22bi-weekly%20advice%20thread%22&restrict_sr=1&t=all&sort=new) +I saw that the next tranche of the SGBS is open. I see that they are willing to give you actual price of gold on maturity (8 years) + 2.75% interest credited every 6 months. + +They have also waived off long term capital gains for individuals. + +1. So, what's in it for the govt? Isn't this a risk? +2. What's in it for me? (Assuming I am anyway going to invest a small chunk in gold). +I've got a whole bunch of stable mutual funds running. All are already giving me around 25-30% return right now. + +I therefore want to go a risky MF now. Something in emerging business sector or the likes. I'm more than happy to stay with the fund for more than 3 years. Has anyone done this? What MF did you choose and how was the experience? +With increase in amount of data we generate and the uses of there data in various fields like machine learning, user analytics and IOT, isn't datacenter real estate the future?. In US there are datacenter REITs listed ([REITs in US](https://www.fool.com/millionacres/real-estate-investing/articles/top-data-center-reits/)) and seems to have outsourced spaces for top companies like google, microsoft etc.. Would the same happen in India? do anyone know any company that is working on a plan for this? +Considering these growing talks of a global recession, I was wondering if its better to park a major portion of your funds in index funds and gold etfs? Especially if I have a short term view in mind say between 3 to 5 years? +Bajaj Auto is down 5.3%, results declared and did not meet expectations. 52 week low. + +Hero MotoCorp is down 8% as of this post, results not declared. Hero recently increased prices which should actually increase their margins too. 52wk low. + +TVS Motor down 5%, results not declared. Nearing 52wk low. + +What do you guys think, what is driving this? All indicators point to 2W having a very good festive season - rains are good, MSP hike, elections next year means money will flow like water in rural. + +Strangest thing is this is happening absence of ANY NEWS for either of the companies. Is this just operators running wild? + +PE of Hero and Bajaj is around 17-18, TVS is 39. + +Disc: Invested in HMCL, currently down 16% since I bought at 3700 levels. + +Also, own a Hero dealership and this FY YTD we are on track for 14% growth by end of July. + + +Look, I love listening to Warren and Charlie, but it's still a fair question. + +One time I watched a video with Warren explaining the ideal former owner of one of his holdings. It was to the effect that the person would work super hard, not ask to be well-compensated, and be happy the profits are sent to Omaha forevermore. Well of course that's an ideal former owner, (it sounds like slavery) but what did Warren "produce" in that deal? + +Warren says that he and Charlie would be worthless in Bangladesh. Likewise, they don't know how to make a bottle of Coca-Cola right here either. + +In summary, I really enjoy listening to that pair and watching some of the annual meeting talks, but this question has always been nagging me in the background. What do you all think? + +Thank you. +Every time I hang out with my friends I get annoyed. I'm a teacher. I have a master's. I went to a private university because I was assured the loans would be forgiven for teachers but anyone who knows about that knows the process is years behind right now. + +Which is why I get annoyed when my friend is complaining about how bitchy her dad is for getting mad that she lost the password for her student loans because he'd put it to auto pay and needed to check how much it was to just pay it off for her in one go. After she dropped out because she was depressed. I was depressed too. I attempted suicide twice, and then had to get up the morning after I realized it failed and go to class anyway. She got to stay at home and get a second degree paid for. + +Then another complains that gas prices are up because now he can't afford to spend 1.2k on plastic figurines, and that he doesn't have student loans because he "got scholarships" (and his dad paid 10k a semester for his tuition). + +Meanwhile I'm eating spaghetti for the third night in a row because dry pasta and tomato sauce is what I have left and I have like 37c until the direct deposit hits. + +Going on vacation with them I realized that it wasn't her dad had a timeshare at this place. Her dad OWNED the entire complex that people bought timeshares in. 35 dollar a plate places were "pretty cheap" and they assumed I was trying to cut calories when I ordered the 13 kid's quesadilla. + +They aren't trying to be rude. And they aren't like...classist or posh or anything. They're good people. But I gave myself a binge eating disorder eating all my friends' lunch leftovers so that I didn't eat dinner because if I ate dinner there wouldn't be enough left for my dad. They have never watched their parents be worried about money. They themselves have never been worried about money. And they think "dad wants the password to pay off my student loans" is a problem. + +I need more broke friends. +They knew T+21 is coming. They knew T+35 is coming. They knew that NSCC-2021-002 and NSCC-2021-801 might get into effect this week. They knew that APES will be anxiously waiting for Thursday ( T + 21 ) and Friday ( GME being added into Russel 1000). So, they thought lets place the final bet. Dump the crypto last week. Get the margin requirements pre-filled and do not cover on T+21 day. Rather b ready b4 time ( this time). Apes will get dishearten and will think its done and will sell... NO NO Kenny. You are dealing with RETARDS. Your behavioural analysis system is missing the algo how to deal with retards. Probably you have never thought of this strategy of BUYING -HODLING-AND BUYING MORE AND MORE from retails. And now these retards are not gonna wait for any T+21 or T+35 because after 002 in effect today its bloody T+ 0 now. 1 hour Kenny 1 hour. + +🦍🦍🦍🙌🙌🙌💎💎💎🚀🚀🚀🌕🌕🌕 +READ THE WHOLE FUCKING THING. + +I don’t care if you only want $1k because you’re already a millionaire at that price. (After the peak) If your floor isn’t AT LEAST 10 million, you need to get some shit straight. + +It doesn’t matter if you are only holding for the X apes, it doesn’t matter if you’re only holding until the last second to just become a millionaire. IT DOESN’T MATTER! + +Instead of only taking what you feel that you deserve, take MORE than what you deserve and DONATE IT. Being greedy doesn’t always have to be about YOU! It can be about being greedy for your family, your friends, the people who love you. Give back to your teachers who inspired you, the community that raised you, the hospitals that nursed you. GIVE BACK. Be GREEDY AS FUCK SO YOU CAN GIVE BACK. + +Also, if there are any apes who want to talk with others who are like minded, my DMs are open. I understand that it’s difficult feeling like you’re the only one who knows what’s going on. We will need each other more than ever during the MOASS. Find a trusted ape buddy to talk to and set your heart straight! + +I love you all. 🤤🥴🦍💎🚀 + +Edit: had a few DMs come in and you guys are awesome. Keep em coming! I’ve got nothing to do but enjoy life :) +Going back to this post here [what would happen if Australia’s consumer spending stops](https://www.reddit.com/r/AusFinance/comments/s88wix/how_would_australia_change_if_everyone_tomorrow/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I thought to do some research and found this graph that tracks consumer spending by industry categories. Looks like we are back to the initial lows when lockdowns kicked in at 2020. + +Gambling seems to be growing however… + + +[link to graph](https://www.e61.in/index-tracker) +Title. I have done a lot of DD and figure this might be a smooth brained moment, but I wasn't sure if registering the shares through a broker did more damage to the hedgies than ordering through Computershare. Also, I've read things off and on about selling off of Computershare but am looking for a straight forward Explain like I have a crayon in my eyeball of, is selling on CS the best way to go during the MOASS? Will I be able to get those big juicy gains once we hit the floor easily? Or will it be slow and I will have to wait a few days? I've already DRS'd my xx shares, but now I am going in big time and want to do it right. I understand that none of what any of you tell me is financial advice, I am just looking for the straight forward answers. + +Edit: spelling +Idc at this point if I'm called a shill or that this is fud, that's not the intention of this post. I have over 200 shares since January (only drs'd 90 for reasons, trying to drs 110 more). + +The reason for this is I've seen posts for a while now, and especially recently where an ape is saying they're zen, they aren't tired, angry, etc. I'm just here to tell all apes, it is ok to be tired. You don't all have to be completely zen. + +Quite frankly, I'm never selling until I see 8 figures per share because I either live a life I want, or I keep living the same I do now. So it shouldn't and doesn't matter how I feel, and the posts sating apes that aren't zen need to be is ridiculous. I hate my job, I'm lonely af, I hate the state of our world, and I'm sick of living this way. I'm holding for MOASS so I can finally change my way of life, and fix the stuff that I think is wrong with this world. For the apes that are zen, I applaud you, I wish I was in the same frame of mind as you. + +But for some of us, we are miserable and we could really use some money to help us out. I know money doesn't solve all of life's problems, but if I could have the money to open a no-kill dog shelter, or just volunteer at one every day, or get a handful of other jobs/roles that'd make my life way better. I wouldn't keep feeling anxious, exhausted, and depressed most days. + +Apologies for the rant, but I think some apes need to see this amidst everyone saying that you need to be zen, be zen for what's to come, but you don't have to be zen for how things are. I know that's the sentiment anyways, but I think it can get muddled. I don't expect much traction here, but amidst Christmas I want everyone to know that if you are having feelings of FUD, it's ok, but just breathe, reach out to someone (I'm always happy to talk), and know we have the chance to change the world. +There still seems to be some confusion around dividends with lots of theories around a secret dividend being approved, so I’ve re-shared my earlier post to help illuminate the issue. + +TL;DR - If or when the board of a publicly traded company approves a dividend, they must issue a press release announcing the dividend without delay. + +For further reading, check out: + +Dividends, Redemptions and Stock Purchases – Practical Law Company – [https://www.morrisnichols.com/assets/htmldocuments/1-519-2507.pdf](https://www.morrisnichols.com/assets/htmldocuments/1-519-2507.pdf) + +What are dividends – Investopedia - [https://www.investopedia.com/terms/d/dividend.asp](https://www.investopedia.com/terms/d/dividend.asp) , [https://www.investopedia.com/terms/p/property-dividend.asp](https://www.investopedia.com/terms/p/property-dividend.asp) + +# What is a dividend? + +A dividend is the distribution of some of a company's earnings to a class of its shareholders, as determined by the company's board of directors. + +Dividends may be paid in cash, in property, or in shares of the corporation’s capital stock. (Delaware Code, Title 8, Chapter 1, Subchapter V., Section 173 – GME exists under Delaware law) Note that discussions around a crypto or NFT dividend relate to the ability of a company to pay a dividend in property. Matters relating to an NFT dividend will not be discussed in this post. + +Dividends may be issued based on a schedule periodically or they may be issued as a non-recurring special dividend (either individually or in addition to a scheduled dividend). + +# How does a company actually issue a dividend? + +The first step is obtaining approval from the board of directors. The directors approve dividends either by way of a board meeting or a unanimous written resolution. The approval of a dividend includes: + +* fixing of the amount of the dividend, +* the payment method for the dividend (cash, stock, property), +* the record date (the date on which it is determines that all shareholders as of such date are entitled to the dividend payment), and +* the payment date (the date on which the dividend will be paid to the shareholders of record on the record date). + +***Side note: Ex-Dividend Date for publicly traded shares*** – For a public company, once the board sets the record date, the ex-dividend date is set based on stock exchange rules. The ex-dividend date for stocks is usually set one business day before the record date. If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend. + +When the payment date arises, the Company pays out (on the payment date) the dividends to the shareholders of record on the record date. + +*Of note for a shorted stock:* If an investor is short a stock on the record date, they are not entitled to the dividend. In fact, the investor (i.e. the SHF) is instead responsible for paying the dividend owed to the lender of the shorted stock that they borrowed. ([https://www.investopedia.com/ask/answers/042215/if-investor-short-dividendpaying-stock-record-date-are-they-entitled-dividend.asp](https://www.investopedia.com/ask/answers/042215/if-investor-short-dividendpaying-stock-record-date-are-they-entitled-dividend.asp)) + +# Does a company need to publicly disclose a dividend? If so, when? + +A private company does not need to publicly disclose a dividend. A public company is obligated to publicly disclose material information that would reasonably be expected to have an impact on the market price of its securities. + +Therefore, **a public company needs to publicly disclose the Board’s approval of a dividend by announcing the dividend.** This is typically disclosed by way of both an 8-k filed with the SEC and a press release publicly disseminated, which includes full particulars of the dividend (amount, payment method, record date and payment date). + +There has been some debate about this (whether disclosure is necessary and if so, the timing of it). For GME specifically, lets dig into the NYSE rules because those exchange rules govern the GME shares. + +Again, here are the basics: + +1. When the Board approves a dividend, that is material information that requires **immediate public disclosure** (i.e. 8-k filing and/or press release). +2. Under the NYSE rules, the company must notify the NYSE at least 10 days prior to the record date for the dividend and no later than 10 minutes prior to the public announcement of the dividend. (From Section 204 of the NYSE Rules relating to notice to and filings with the NYSE) + + *NOTE: This does NOT mean that the immediate public disclosure rules do not apply, this works in conjunction with those rules.* + +"Yeah but grey, where's your source, because I saw a highly upvoted post that says something different." + +Here are relevant excerpts from Section 202.05 of the NYSE Rules ([https://nyseguide.srorules.com/listed-company-manual/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B0588BF4A-D3B5-4B91-94EA-BE9F17057DF0%7D--WKUS\_TAL\_5667%23teid-35](https://nyseguide.srorules.com/listed-company-manual/document?treeNodeId=csh-da-filter!WKUS-TAL-DOCS-PHC-%7B0588BF4A-D3B5-4B91-94EA-BE9F17057DF0%7D--WKUS_TAL_5667%23teid-35)): + +>“A listed company is expected to release quickly to the public any news or information which might reasonably be expected to materially affect the market for its securities. This is one of the most important and fundamental purposes of the listing agreement which the company enters into with the Exchange.” +> +>“Annual and quarterly earnings, **dividend announcements**, mergers, acquisitions, tender offers, stock splits, major management changes, and any substantive items of unusual or non-recurrent nature **are examples of news items that should be handled on an immediate release basis**.” +> +>“**News which ought to be the subject of immediate publicity must be released by the fastest available means**. The fastest available means may vary in individual cases and according to the time of day. Typically, this requires that issuers either (i) include the news in a Form 8-K or other SEC filing, or (ii) issue the news in a press release to the major news wire services.” + +Section 202 of the NYSE Rules relates to an issuer's requirements regarding material information. Section 204 of the NYSE Rules relates to an issuer's notice and filing obligations with the NYSE. They are two sets of rules that work in conjunction, one does not supercede the other. + +Here are press releases from recent dividends announced by other NYSE issuers, all of which issued the press release at least 10 days prior to the record date: + +* [https://apnews.com/article/dividends-business-fddd85f1f253fa3eaaddab9d8700ed94](https://apnews.com/article/dividends-business-fddd85f1f253fa3eaaddab9d8700ed94), +* [https://www.prnewswire.com/news-releases/eog-resources-reports-excellent-first-quarter-2021-results-declares-1-00-per-share-special-dividend-301286082.html](https://www.prnewswire.com/news-releases/eog-resources-reports-excellent-first-quarter-2021-results-declares-1-00-per-share-special-dividend-301286082.html), +* [https://bam.brookfield.com/press-releases/2021/06-08-2021-114515742](https://bam.brookfield.com/press-releases/2021/06-08-2021-114515742) + +# When is a dividend paid? + +The dividend is paid on the payment date, which will have been approved by the Board and will be set forth in the relevant press release or 8-k announcing the dividend. + +\---------------- + +Again, this has been a very basic description of the dividend process to help apes get a general sense. I did not dig into many specific issues (other than the timing of announcement question as it seemed relevant). +I couldn't find anything that did this exactly, and I really like seeing all the numbers laid out. Hopefully someone finds it useful: + +https://docs.google.com/spreadsheets/d/1sUaJEr5ZLaNhhZwS9Fsdtyf-U10UOIDPsv5JZYPIRzE/edit?usp=sharing + +So in the example, you're starting with 250k and want to FIRE in 20 years with $2.5m. The chart shows you how much you'd have to save to hit CoastFIRE at any given year. For example, to hit CoastFIRE in just 1 year, you'd have to scrounge together $529,511.82, and then you're free to let that sit and not put in another dime for the next 19 years. + +It's fairly self explanatory other than maybe the "Automatic Yearly Savings": these are savings that are automatically deducted from the paycheck (e.g. 401ks inc. company match, HSAs, etc). Personally I like seeing the "active" target savings number once these are removed, especially since I don't typically think of 401k/HSA/etc on a monthly level, but YMMV. + +The yearly savings target includes compounding interest calculations. The monthly savings target is just the yearly target divided by 12. + +Let me know if there are any corrections and suggestions! + +EDIT: /u/USROASTOFFICE has another resource with a similar angle to check out: https://www.reddit.com/r/financialindependence/comments/9it9ke +I understand that them issuing bonds will make them money, and it puts them in debt, but what is the benifit to the person that buys those bonds, how does the bond holder make money? +I'm tired of these Realtors I've found so far that don't do anything but look at the MLS after I send them a property. + +I'm looking for a SFH or MFH and the last 2 I've been trying to use won't actually send me leads. They just wait until I send them a list of properties +Had a small 13 unit complex under contract in January. Got financing and was waiting for the appraisal to come back for final closing to be approved. We had to extend the contract twice to try and wait out the appraiser since they were too busy at the time, and finally was able to get him out there in early April with a projected close of mid April. + +Have it in writing about a week before closing from the appraiser that he was able to get to the property, start the report, and would have the appraisal complete before the close date. And then nothing. No response to phone calls, texts, emails, mail. The financing couldn’t get ahold of him, nor could I or my realtor. + +All in all I lost about $20k in EMD, appraisal cost and inspection costs, plus a whole lot of time and headaches, and the investment as a whole. + +Is it worth a lawsuit or does this just happen? Because if so and there’s no repercussions then I feel like I need to be a property appraiser. +Fairly green investor here. I have SF rentals that consistently bring in between 1.25-1.75% of the purchase price in monthly gross rents. Annual costs (taxes, insurance, repairs, and management) are around 4.5% of the purchase price. Anyone have advice/experience on how this compares to the multi-family or apartment investments? + +(Edited 3% to 4.5% to include management fee.) +I’m having a really hard time right now with my property. I got it for an amazing deal and bought it with cash. I am now about to finalize plans with an architect so my contractor and his team can begin work on the renovation. + +The problem that I am running into is that I do not have enough money to renovate my house, so I have been trying to figure out a way to get financing through my bank. I’ve run into countless issues including: + +- Home equity loans and HELOC’s not being given at this time. +- Unable to get a flat rate mortgage on it since I already own it outright. +- Only being able to get what I paid for the home in a cash out refi since I purchased it less than a year ago. In addition to that, if someone were to come and appraise the home, they wouldn’t give me a dime because I’m already down to the studs. + +The only options I can think of is a personal line of credit, but I’m struggling getting that as well. I know I made some mistakes with my first investment, however I’m really trying to work this out. + +Does anyone have any advice on how I could get financing, or have I exhausted all of my options? Thanks! +Generally my understanding of paying off a mortgage early is financially a bad idea. + +My background is stock trading which I am confident I could earn a higher return than the amount of interest I am paying, probably significantly. + +So I am sure there are tons of better places that money could go to earn you a higher return than you're paying an interest. + +I guess the reason I ask this is because I would feel more comfortable paying off and additional 20% of my principal and then just going on monthly payments from there. + +Right now I Still owe 80% LTV so my interest payments are at their highest point. +I'm in the inspection period on a duplex and we noticed that the attic insulation was all matted down, likely due to moisture. Got a mold expert out just in case and they found black mold throughout the attic. They did not find black mold spores in the house portion, strictly speaking. They just found it in the attic, but it's all over the attic. + +Is this an immediate deal breaker or should I negotiate a substantial credit and remediate? Anyone have experience with black mold remediation? +I'm twenty years old. + +I have $1100 in savings, I'm $5500 in debt from college so far, and I live in some of the cheapest two-bedroom apartments in town. + +I have about $1700/month in income. + +Most of the posts I see on this sub are from people well into achieving their FIRE goals, or people who already have. How many of you are young and don't really know what you're doing yet? What are your long-term plans for your career and FIRE? + +My loose plan that I've never written down (kind of making this for myself, too) goes as follows: + +Right now I have a job, but it's just that, a job. It pays enough to let me keep the $1100 in savings leftover from what was gifted to me by my grandparents after completing high school ($15,000 - long story), and pay my bills on a month-to-month basis, with little leftover to save. + +I'm studying computer science and hope to pursue a career in software development, similar to a lot of you on this sub. I haven't started saving because I don't really have enough to after food and bills, and hope to change this soon after acquiring my first job within my career field, thus getting paid more, because I'm making just over minimum wage now. + +I plan to continue my lifestyle of only really saving enough for emergencies through college graduation, soon after I'll hopefully have landed a job within my field, at which point I'll look deeper and more attentively into my personal FIRE goals, and decide how much of my budget I can afford toward things like a 401k and Roth IRA. + +Is this a good or bad idea? Should I look for ways to increase my income in order to start saving earlier? Really I'm writing a lot of these questions to ask myself because I've never laid it all out like this, but thank you for reading and I'd love feedback. +In investing in common stocks there are many ways to skin a cat. However, there are similarities between successful strategies. The overwhelming similarity is that the stocks involved represent companies with a healthy market, which allows players within the market to make a favourable return as well as a growing market. + +The airline industry is a very difficult one, history has told us. The returns of various publicly traded airlines have regularly greatly underperformed the various indices over decades. This is arguably attributed to the extreme competition, low single digit margins and the fact that air travel on the whole is very homogeneous, a flight with one airline is for most people very similar as within another airline. + +Lastly, the high capital cost of running and expanding airlines and the homogeneous services they provide prevent any airline from gaining a large market share, a competitive advantage and favourable pricing ability. Yet, when oil prices weaken many analysts will recommend such stocks as sound investments. My question is how does that make sense? Surely if you wouldn't want to own such a stock for say 5-10 years, then you wouldn't want to own it for 6 months? Just because a stock will in the short-term show of a lot of cash from a surprise factor. If that cash cannot be invested with favourable rates of return, then what is the value of that extra cash? + +Of coarse I may be wrong in my opinion about commercial airlines. What do you guys think? + +Graph of this issue: +https://i.postimg.cc/cCfLTQys/image.png + +Another graph: +https://i.postimg.cc/zBbCzPW0/image.png + +This time is different. The velocity of the market decline in unlike anything before. +The Institute for Supply Management released a survey March 10 on the impacts of COVID-19 on business and supply chains. Almost 75% of companies surveyed reported supply disruption, and 16% of those companies have adjusted their revenue targets downward. + +In countries other than China, 57% reported longer lead times for tier-1 components sourced from China. On average, lead times more than doubled from December. About 62% of respondents are experiencing delays in receiving orders from China, and 53% report having trouble even communicating on supply chains with China. + +Do you think this sell off will continue? + +I think we have yet to see the bottom + +Source for the ISM info: +https://www.industryweek.com/supply-chain/article/21125977/75-of-companies-in-ism-virus-survey-report-supply-chain-disruptions +We don't know: + +- if Bitcoin will hit 20k by the end of the year + +- if Bitcoin is going to crash + +- if Lightning Network will fix the scaling problem + +- if high fees will kill Bitcoin + +- if Bitcoin will become digital gold + +- if Bitcoin will become digital cash + +- if we're in a bubble + +- if Bitcoin is just so different that it's actual value is actually rising exponentially + +There are an awful lot of people positing things like "X will Y if we don't Z!" + +The truth is, we don't know. I just would personally like people to try to bring back a little moderation and thoughtfulness to the comments. + +Yes, all of the points I have mentioned are worth discussing (that's exactly what this sub is for), but to blindly shout your opinion like it is fact helps exactly no-one, whether you are for or against whatever viewpoint. + +When you hit that Reply button, take a moment to think about what you are going to post. Is there context you could give for your viewpoint, is there precedent? How about some data? + +Bitcoin was created by and is being maintained and improved by some crazy-smaht people. If we are to help them (and in turn, ourselves) in the evolution of Bitcoin, we're going to need to do a little thinking and genuinely discussing the matters at hand. + +Otherwise we're just pissing in the wind. + +Edit: A number of you appear to have missed the point of this post entirely. I'm not saying there is or is not a bubble. If you want to discuss that, go and create another thread, and have an intellectually honest conversation about it. Then at the end of that discussion, when you've gained a new perspective (no matter what that perspective may be), remember that you could be wrong either way... we just don't know. +***Scenario***: + +Lets say you have a friend, call him buy-high Chuck, because he has a ~~nag~~ knack for buying crypto at the **highest price** every month. Say he invested 500 dollars split between bitcoin and ethereum every month since 2016. What would be the end result? + +***Method***: + +I used coinbase api so data was only available since 2016, Jan. For each month I find the highest price and bought 250 USD for BTC and ETH and held it until today's closing price. + +***Results***: + +* the monthly results are really long and I will post a link in the comments. +* Here is the summary table though. + +&#x200B; + +| |ETH-USD|BTC-USD| +|:-|:-|:-| +|Total\_earned|$  592,735.26 |$  263,770.86 | +|median\_by\_month|$      1,803.15 |$          777.90 | +|max\_per\_month|$    75,412.06 |$    21,885.08 | +|max\_per\_month\_ptc|30165|8754| +|min\_per\_month|$        (116.35)|$        (110.65)| +|min\_per\_month\_ptc|\-46.54|\-44.26| + +&#x200B; + +**In summary**, + +A 500 dollar split in half between ETH / BTC, bought every month at its highest price, would total about ( $856,506.12) The most that was made with 250 dollar investment is (75,412) for ETH and (21,885) for BTC . This occurred on 2016-12 and 2016-03 respectively, while the lowest ( max loss), is (-116) dollars for ETH and (-110) dollars for BTC. Importantly the median return for a 250 dollar investment is 1,800 for ETH and 777 for BTC. + +***Plot***: total earned per 250 USD investments + +[this should be logarithmic but its would obscure the price](https://preview.redd.it/yacure8uaoe81.png?width=669&format=png&auto=webp&s=d53fffcc8590b2d248e02f57fb11d1db2acba884) + +&#x200B; + +TLDR : buy-high Chuck who invested at the highest every month, 500 dollars split between ETH and BTC would had have about $856,506 USD in his portfolio from a 35,500 USD investment over the course of 6 years, or 2412.7%. Not bad for someone who has a nag for buying at the highest. + +&#x200B; + +PS: let me know if you have an idea for some number crunching and I will see if I can do it. +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? +I started my career in corporate finance in 2012 making $67K. I didn't track expenses, blew a lot of money going out with friends, but didn't pay rent by staying at home. + +In 2013, salary increased slightly to $69k, lifestyle pretty much stayed the same. + +In 2014, moved for a new job in a HCOL area, but had corporate housing so still didn't pay rent, salary stayed flat at ~$70k. + +In 2015, moved to mid-to-high COL area for another job w/ $78k salary, paying ~$1500/mo in rent, still didn't track expenses. + +In 2016, started to learn about and become interested in FI. Received a promotion, with a salary increase to $96k. + +In 2017, started tracking net worth and expense with Personal Capital. Switched companies and received a salary increase to $110k. At the beginning of 2017, I had a net worth of ~$200k, annual spending of $40k, and an FI goal of $1M. Entering the 5th year of my career, I felt great about my financial position, especially given I had not really focused on saving other than maxing my 401k. I was on track to RE in my mid-30s. + +But **2017 was the hardest year of my life**. Switching companies seemed like a great move initially. The company had great reviews, reputation, and culture. However, the role that I took turned out to not be a fit for my skill set or interests. I feel like I am floundering in my role and feel like I've made a terrible career move. My health deteriorated due to stress. My mental health also slipped. Feeling the rapid momentum of a promising career come to a screeching halt has left me with feelings of loss, regret, and mental fog. + +I wanted to tough out 2017 in order to learn more about myself and track progress on my FI goals. However, I have come to a point where I feel my current path is not sustainable. Here is where things currently stand: + +* Net worth: $311k +* 401K: $141k +* Taxable investments: $80k +* Emergency cash (savings account): $21k (6 months expenses) +* Checking: $22k +* Roth IRA: $24k +* Traditional IRA: $7k +* HSA: $4k +* Car: $14k (I depreciate this asset every year) +* Debt: none +* Credit cards: $4k (higher than normal since I recently went on holiday; I always pay the bill in full monthly) + +I feel a sense of pride for what I have accomplished, but looking at these numbers, I can't help but feel empty relative to my current state of happiness (or lack thereof). + +I've read and internalized the "build the life you want and save for it" post. I do feel it's applicable here, but I simply don't know what I want in my next career move. + +I know that this post isn't strictly FI-related, but I hope that **(1) my story will be valuable for members in this sub and (2) like-minded folks can help me think through actionable next steps.** + +At a high-level, I feel the current options are: + +1. get an MBA + +2. get a technical degree (Masters in CS?) + +3. get a JD + +4. find another role at my current company + +5. Become a product manager at a SaaS company I am a user / customer of + +6. pursue an entrepreneurial passion + + +Let me add some color as to why I like and dislike each of these options. + +**1) get an MBA** + +The FI-part of me doesn't want to take on the debt associated with further education. I am also not interested in the typical career paths post-MBA (I banking and consulting). I feel I could get into a top 15 school, I would grow as a person from the experience, but I don't think I would be satisfied in the typical MBA careers. I think I could be successful going this route since it is the most familiar. + +**2) get a technical degree** + +I've worked with software engineers in my current role and the job has attracted me because there is strong market demand for them, they seem to have flexibility, and their earnings are similar to my current level, allowing me to continue to progress in my FI goals. The problem is that it is unknown - I don't know whether I would succeed in this role or in school. + +**3) get a JD** + +I always thought that if I had graduated undergrad in a different time, I would have went to law school. I've always enjoyed debate, logic, and excelled in pre-law classes during undergrad. However, the job market for lawyers was abysmal when I graduated so I never went that route. Now, I feel passion calling me. I feel I would be successful going this route, but it involves taking on the most debt and foregoing the most income generating years. + +**4) find another role at my current company** + +I've honestly felt like I screwed up my reputation at my current company in many ways. I could find another role but I don't think I would be happy doing so. + +**5) Become a product manager** + +I am a user of a specialized SaaS platform for my field. I've used it for 3 years and consider myself an advanced user. I've spoken to the hiring manager and he is excited to bring me on given my background would bring a different perspective to the team. However, this would be a totally different role for me. I don't know if I have the right skillset for it, which brings a lot of career risk. What would I do if I failed in this role? I would make similar money to what I am making now, and would continue to progress toward my FI goals. + +**6) pursue a passion** + +This is obviously the highest risk path. I am typically very risk averse, but this path sounds appealing since I feel so lost at the moment. + +**TLDR** + +Made good progress toward FI in first 5 years of career. Experiencing a quarter/mid life crisis regarding where to go from here. Seeking advice/wisdom/counsel. +I will often see success stories here about people who have accumulated immense wealth at later stages in their life and are kind enough to share their stories. Here are a few of the advice you gave me, and how they have made a positive impact on MY life. + + + +Advice given: one of your hobbies should make you money + +How it was used: Tutoring 4 hrs a week gives me great joy, and covers all of my groceries and then some. At these early stages in life, this gave me a huge head start on savings (about 120CAD/week). It honestly feels too good to be true. + + +Advice given: Live in a place you can afford, there is no shame in roommates. + +How it was used: I bought a very cheap triplex at 22, and then a duplex at 24 closer to the city that I could live in. I live in the downstairs with 2 roommates, and now effectively live rent free. More savings. I am looking at triplexes next week so I can purchase ANOTHER property owner occupied, and live in my own small flat rent free (flat value 700/m, far cry from my 1500/m rented condo). + + +Advice given: (from a PM) "Cash out some of your risky investments and pay off your fucking car loan you barn animal" + +how it was used: No car payment, less stress, more savings. I find i am not checking my phone constantly for most recent market prices, and my car just feels better knowing it is not bleeding me monthly at almost 6% interest rate. + + +Advice given: sometimes, you get work benefits just by asking + +How it was used: Asked my work to send me to PMP training. They delivered and I write the exam in a month. Once I get this designation, it should help my career in the long run. + + +Advice given: Max out TFSA, Max out TFSA. Max out TFSA + +How it was used: well...maxed out TFSA, and after you do it the first time its not hard at all. TFSA contribution is limited to 5500/yr, which I can almost cover with tutoring alone. + + +Anyway, I have been floored recently, as more and more of my bills approach zero and I have been living well below my means. My rent is zero, my car payment is zero, no loan payments, contribute max out rrsp and then have over 3k take home pay (about 2k leftover to invest after bills and TFSA...and really know where tf to put it tbh). + +Thank you for sharing your stories, and teaching your lessons. You've changed my entire way of thinking and I am well on my way. +this is in some ways impressive + +&#x200B; + +https://preview.redd.it/k1l46i9w0hz31.jpg?width=768&format=pjpg&auto=webp&s=7c70bf7f47668fa3cc09de53234307205152ffe2 +Does anyone have any thoughts one way or the other about the ever popular ARK funds compared to the Fidelity Disruptors funds (beyond being ETF vs mutual fund)? Fidelity funds look interesting with an intriguing long term cost structure. Fees will decrease by 25bps after 1 and again after 3 years. + +I’m curious if anyone has come across a deeper dive looking at the holdings. We’ve all seen ARK funds have such incredible success, so I’d be interested to see if Fidelity’s Disruptors are a good alternative. + +Fidelity® Disruptive Automation Fund (FBOTX) + +Fidelity® Disruptive Communications Fund (FNETX) + +Fidelity® Disruptive Finance Fund (FNTEX) + +Fidelity® Disruptive Medicine Fund (FMEDX) + +Fidelity® Disruptive Technology Fund (FTEKX) + +Fidelity® Disruptors Fund (FGDFX) +That title is worse than it sounds. We need to talk about shipping: + +&#x200B; + +For anyone who hasn't looked at a maritime shipping/bulker/tanker company: A) Good choice! B) The value of these companies is almost all assets. This is one of the few places you'll still see companies trade at/below book value. Star Bulker Carriers, for example, has $2.9 billion in ships, $1.5 billion in net equity, and a $1.2 Billion market cap. Frontline has $1.5 Billion in equity, $1.3 billion market cap. That doesn't mean you should go out and buy $SBLK or $FRO. The business is an asset heavy, miserably unprofitable commodity service. Everyone in the shipping industry waits around cutting their teeth until a shipping supercycle hits and they can actually profit. They have extreme sensitivity to interest rates, and extreme sensitivity to economic downturns. + +&#x200B; + +You aren't getting $1 for $.90 buying these stocks. You're getting the expected future cashflows from $1 of net merchant ship, which the market ascribes an NPV of <$1. + +&#x200B; + +I digress. Castor, as of 9/30, has $30 million in ships. Six 75,000 DWT bulkers, to be exact. A tiny fleet. They've now bought a Capesize and 2 LR2 tankers. Lets call that an extra $80 million. $110MM in ships. Their market cap, as of close, is $880MM. 8x price/assets for merchant ships! WHAT? It's not uncommon for this company's peers to trade at .3x price/assets! + +&#x200B; + +That's... a bad investment. Quite possibly the worst investment opportunity I've ever seen. At least most bubbles have some "moonshot" potential; these guys buy boats. Sell. Run. This is the dumbest bubble I've ever seen. + +&#x200B; + +TLDR: This is the top, lads. +Dow up 200 +Vix down 2% +Futures are all up. + +Tomorrow we are full green. Those who held will see the pay off, those who sold today will cry in the corner. + +Recession is officially canceled. + +Edit: time to panic boys, recession is back full force. ABANDON SHIP +So, I didn't have much to go by, but in one of his recent posts u/RealPulte mentioned that the transition away/forced departured of the previous CEO took place around 2016. + +Now, before we go dragging this guy through the mud, let's recognize the possibility that him bringing in BCG (I assume that it must have been this guy?) could have been an honest mistake. Perhaps there were other people influencing or coercing him. + +With that being said, here's what I found: + +I started searching for things like "Pulte Homes CEO change 2016" and things like that. This lead me to some articles about a man named **Richard J. Dugas Jr.** + +Richard Dugas Jr. was the CEO that u/RealPulte is referring to having been ousted from the company. I couldn't find much information on him other than that he worked at Exxon and Pepsi prior to working at Pulte Homes. + +[https://en.wikipedia.org/wiki/Richard\_Dugas\_Jr](https://en.wikipedia.org/wiki/Richard_Dugas_Jr). + +[https://www.wsj.com/articles/pultegroup-founder-calls-to-remove-richard-dugas-as-ceo-1460382356](https://www.wsj.com/articles/pultegroup-founder-calls-to-remove-richard-dugas-as-ceo-1460382356) + +[https://www.detroitnews.com/story/business/2016/04/04/pulte-group-ceo-resigns-founder/82620764/](https://www.detroitnews.com/story/business/2016/04/04/pulte-group-ceo-resigns-founder/82620764/) + +[https://www.crainsdetroit.com/awards/richard-dugas-jr](https://www.crainsdetroit.com/awards/richard-dugas-jr) + +I also found an interesting bit in an interview he gave where he talked about being the chair of a non-profit, *Westside Future Fund:* [https://saportareport.com/pultes-richard-dugas-proud-company-responded-challenges/sections/reports/maria\_saporta/](https://saportareport.com/pultes-richard-dugas-proud-company-responded-challenges/sections/reports/maria_saporta/) + +Probably nothing, but could be something. Here's their page. *FWIW I don't see Mr. Dugas on the About page.* + +[https://www.westsidefuturefund.org/](https://www.westsidefuturefund.org/) + +I also found some of his stock trading disclosures while he was CEO: + +[https://wallmine.com/people/40864/richard-j-jr-dugas#complete-history](https://wallmine.com/people/40864/richard-j-jr-dugas#complete-history) + +Just for fun, here's an interview that u/RealPulte gave on everybody's favorite fictional news network **C**itadel**N**ews**B**ig**C**rime: [https://www.cnbc.com/video/2016/04/06/bill-pulte-time-for-ceo-dugas-to-go.html](https://www.cnbc.com/video/2016/04/06/bill-pulte-time-for-ceo-dugas-to-go.html) + +The shill host man even mentions the "value creation strategy" that Mr. Dugas supposedly implemented. I think this in reference the layoffs that the company underwent to "reduce the company's overhead" --which was supposedly as many as 600 out of the roughly 5000 employees at Pulte Homes at the time. **Here's another link I just found on the BCG website that talks about said "strategy" in direct relation to PulteHomes:** + +[https://www.bcg.com/publications/2015/corporate-development-finance-value-creation-transformation](https://www.bcg.com/publications/2015/corporate-development-finance-value-creation-transformation) + +***Maybe some wrinkle brained apes can dig a little bit deeper?*** +* US November payrolls increased +263,000 jobs, **higher than expected**. Average hourly earnings rise 5.1% versus a year ago. +* Unemployment rate is unchanged at 3.7% +* Nonfarm payrolls forecast increasing 200,000 in November +* **The jobs report showed average hourly earnings rose 0.6% in November, the biggest monthly advance since January.** +* Wages for production and nonsupervisory workers climbed 0.7% from the prior month, the **most in almost a year**. +* **Average hourly earnings are forecast to have increased 0.3% after advancing 0.4% in October. That would lower the annual increase in wages to a still-high 4.6% from 4.7% in October.** + +&#x200B; + +"The US jobs report is made up of two surveys -- one of households and one of businesses. Similar to last month, the two data sets pointed in different directions. While the business survey showed strong hiring, that of households -- which can be more volatile -- indicated lower employment for a second month.  + +The labor force participation rate -- the share of the population that is working or looking for work -- edged lower to 62.1%, a four-month low. Among those ages 25 to 54, it declined for a third month. " + +&#x200B; + +[https://www.nytimes.com/live/2022/12/02/business/jobs-report-november-economy](https://www.nytimes.com/live/2022/12/02/business/jobs-report-november-economy) + +[https://www.bls.gov/news.release/empsit.nr0.htm](https://www.bls.gov/news.release/empsit.nr0.htm) + +[https://www.bloomberg.com/news/articles/2022-12-02/us-hiring-and-wages-top-forecasts-keeping-pressure-on-fed](https://www.bloomberg.com/news/articles/2022-12-02/us-hiring-and-wages-top-forecasts-keeping-pressure-on-fed) + +&#x200B; + +Edit: more details and sources for a comprehensive read +&#x200B; + +https://preview.redd.it/58emjef1y3h71.png?width=1600&format=png&auto=webp&s=06b6c636682ee737e87cd317e90848c5e68ce0f8 + +# [Gooooooood Moooooorning Superstonk!](https://www.youtube.com/watch?v=AwSra5p8MDw) + +&#x200B; + +It is a wonderful day to be up and in the jungle! + +&#x200B; + +Wake up, bend over touch your toes and let one rip! It is time for Friday the 13th and I just got done petting my black cat! + +&#x200B; + +https://preview.redd.it/r6tnobu2y3h71.jpg?width=2000&format=pjpg&auto=webp&s=ec706638563c2f9b47113c1f7f2b591397c8df32 + +# [Reverse Repo remains above $1T](https://www.reddit.com/r/Superstonk/comments/p2hjao/daily_reverse_repo_update_0811_1000460b/)! + +The system is now hit the cruising altitude of $1T and you are free to move about the Market. And by that I mean BUY and HODL. + +In the event my goldfish brain forget here is [Reverse Repo explained](https://www.reddit.com/r/Superstonk/comments/owwk1p/the_rrp_number_is_incredible_but_what_does_it/h7iv86i/?context=3) in a way even I can understand. + +Looks like Repo Agreement spikes can actually be[good indicators of a market crash.](https://www.reddit.com/r/Superstonk/comments/p37kef/the_fed_just_published_36_years_of_its_money_data/) + +# [Treasury is at $389B](https://www.reddit.com/r/Superstonk/comments/p37n2n/daily_treasury_balance_for_0811_389b_27b/) + +Looks like a drop of $27B. This can only hold up for another11 days or so. Tick. TOCK. + +[74 Players](https://www.reddit.com/r/Superstonk/comments/p34h1q/reverse_repo_new_high_score_back_over_a_trilly/) + +&#x200B; + +https://preview.redd.it/5fkp1s54y3h71.jpg?width=960&format=pjpg&auto=webp&s=688baa41e8cfe51c3cba2b89b6747b9abe608e95 + +# [Low Volume of 1.28 Milly](https://www.reddit.com/r/Superstonk/comments/p2kzi0/i_cant_hear_you_closed_with_091_mil_volume_sub1/) + +Thank you u/edgar510 for charting it and u/canispeaktoyourmanagr for the beautiful graphic. + +&#x200B; + +# [US Inflation Chart](https://www.reddit.com/r/Superstonk/comments/p2cou7/us_inflation_chart_update/?ref=share&ref_source=link) + +The last time that inflation has 3 consecutive months in the 5% range was June, July, and August of 2008. The crash then happened on September 29. Like all TA this is not an indicator of a crash but there is a strong correlation of the power of the dollar skyrocketing, weakening economic power, and a stock market crash. + +&#x200B; + +# [Housing prices jumped 20% or so](https://www.reddit.com/r/Superstonk/comments/p30jqs/home_prices_in_the_us_soar_20_the_fastest_rate_on/) + +Anyone else ready for the MOASS so prices drop and we can buy hoses for the same cost our parents bought the houses for in the 90s? + +&#x200B; + +https://preview.redd.it/rn68eaj5y3h71.png?width=960&format=png&auto=webp&s=d8213dba05814dd9eda9456ae87fefa0a8384961 + +# [Looks like it is Hammer Time!](https://www.reddit.com/r/Superstonk/comments/p3er2f/oh_no_not_another_ta_post_hammercandles_and_why/) + +Some possible DD. Long story short it looks like a "T" and can signal a reversal. + +This coupled with... + +# [Broken Regression Trends](https://www.reddit.com/r/Superstonk/comments/p37ul0/the_ascension_has_begun/) + +&#x200B; + +https://preview.redd.it/g2zvyw86y3h71.jpg?width=640&format=pjpg&auto=webp&s=ab4bcc22d46ec726e970cf79e0a3bbe6fbefb625 + +and... + +# [MCAD Crossover](https://www.reddit.com/r/Superstonk/comments/p37ulq/gme_macd_bullish_crossover_and_third_green/) + +&#x200B; + +https://preview.redd.it/b2p4um57y3h71.png?width=960&format=png&auto=webp&s=6442284443eecbbb36993084ac714e8a0a482b60 + +We could be primed and ready for a jump! + +&#x200B; + +If a few wrinkle brains could dig into these things and look for past examples/proofs of it all works together that would be great! u/dismal-jellyfish ? + +Do they dare drop the stock? ON PAY DAY? + +# [Cayman Islands Are a Sore Spot So They Stay](https://www.reddit.com/r/Superstonk/comments/p2aeyi/sorry_apes_apparently_im_facilitating_illegal/?ref=share&ref_source=link) + +Dig dig diggity dig! Below you can see the location of [40,000 companies](https://www.reddit.com/r/Superstonk/comments/p3c70y/nothing_too_important_but_this_is_the_building_in/). Kind of amazing that they all fit there! [PoDDible information of the boys club that is hiding there!](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) + +&#x200B; + +https://preview.redd.it/0gdcqnf8y3h71.jpg?width=828&format=pjpg&auto=webp&s=6e80d6889673bb35af8b81ca293fb5a35a16be60 + +# [Looks like Robinhood App is confusing the word "Real" Again](https://www.reddit.com/r/Superstonk/comments/p362aj/robinhood_now_hiring_paid_actors_for_damage/) + +No seriously. They are hiring users to post reviews and stories. That is all I have to say about that. + +&#x200B; + +https://preview.redd.it/h0pixri9y3h71.jpg?width=828&format=pjpg&auto=webp&s=a78a5ed6fafe6403233c1dd44c39a43efee32010 + +&#x200B; + +# Memes: + +&#x200B; + +https://preview.redd.it/3e8vioufy3h71.jpg?width=640&format=pjpg&auto=webp&s=e87a5df73c424e86b654d34dc5d85671e97686a9 + +[Sign Guy!](https://www.reddit.com/r/Superstonk/comments/p397be/ape_news_network_81221_green_crayon_day/) + +Have you ever heard of the [TheOereom](https://www.investmentwatchblog.com/markets-crash-every-time-oreo-releases-an-even-greater-stuffed-cookie/)? Originally posted on That Wall Street Sub (Google "Oreo and Market Crash") for sauce. + +[Well let me introduce...](https://www.reddit.com/r/Superstonk/comments/p3f32h/rrp_a_trilly_volume_so_low_you_can_barely_hearand/) + +&#x200B; + +https://preview.redd.it/623mqflcy3h71.jpg?width=640&format=pjpg&auto=webp&s=f21b02b3cadb5bdc4d39cee6fb4f308192fe41b9 + +[https://www.reddit.com/r/Superstonk/comments/p2zium/ryan\_cohen\_before\_he\_shitposts\_on\_twitter/](https://www.reddit.com/r/Superstonk/comments/p2zium/ryan_cohen_before_he_shitposts_on_twitter/) + +[https://www.reddit.com/r/Superstonk/comments/p3erdj/why\_phrase\_it\_like\_that/](https://www.reddit.com/r/Superstonk/comments/p3erdj/why_phrase_it_like_that/) + +[https://www.reddit.com/r/Superstonk/comments/p3a80a/all\_you\_apes\_waiting\_for\_lambos\_after\_moass\_rick/](https://www.reddit.com/r/Superstonk/comments/p3a80a/all_you_apes_waiting_for_lambos_after_moass_rick/) + +&#x200B; + +[ https:\/\/www.reddit.com\/r\/Superstonk\/comments\/p33qwe\/fuck\_jim\_cramer\/ ](https://preview.redd.it/ynzg95ydy3h71.jpg?width=960&format=pjpg&auto=webp&s=a3d6310b0842015a7f5037df3005c1ee99aa9550) + +# AMA: You Asked, Mods Listened! + +[https://www.reddit.com/r/Superstonk/comments/p2ttdo/ama\_announcement\_robert\_shapiro\_lucy\_komisar\_18th/](https://www.reddit.com/r/Superstonk/comments/p2ttdo/ama_announcement_robert_shapiro_lucy_komisar_18th/) + +# [EXCELLENT!](https://giphy.com/gifs/ifc-80s-bill-and-ted-excellet-l46CDHTqbmnGZyxKo) + +We don't care, just be nice and let's make this community as Excellent as we can! + +&#x200B; + +A few wrinkled-brained apes for quick post history access: + +u/DeepFuckingValue (dont need to explain) + +u/atobitt (DD) + +u/Criand (DD) + +u/peruvian_bull (DD addict) + +u/Parsnip (German Market Guy | Diamantenhände) + +u/DR7KE (scales Treasury Balance Guy scales) + +u/pctracer (Reverse Repo Market Updater) + +u/JTH1 (Floor Guy Stonkdate) + +u/mr_boost (Ape News Network | Sign Guy) + +u/gherkinit (Daily Technical Analysis) + +u/Dismal-Jellyfish + +&#x200B; + +Thank you to the mod team!! Thank you to YOU ALL BEAUTIFUL APES! + +Remember not to to give your password or log in information to anyone. If it seems suspicious don't do it! Phishing attacks have become more common across all platforms. + +As always we are here from all different walks of life and all different countries. This doesn't matter as we are all apes in here, and apes are friends. We help each other, we care for each other. Ape don't fight ape, apes help other apes! + +Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. BUY and HODL. + +Okay that is all for now smell ya later! +I've been a longtime lurker in this sub, even before I grew a pair and started dipping my toes into the market. The variety of people, the thoroughness of their research, and the veracity with which they defend it, make this place what it is. + +I only began trading as a side hustle at the start of the pandemic (with modest success). My biggest wins came from WSB. When the real push on GME started, I was there. I was a bag holder of GME after January, but my bag wasn't too large and I liked the stock, so I grew some diamond hands and held. I started really following the day-to-day threads, reading every piece of financial news I could, watched Bruce eat his bagels, and developed a much deeper understanding of the market in general. + +I don't listen to all the advice I see on here... and I don't blindly trust DD. + +Why I feel I need to post today: +The mood in this sub has changed drastically over the last 24 hours. The rift I see between the GME folks and the RKT folks saddens me greatly. I don't know exactly how I fee about RKT... something just seems too contrived about it. + +I've seen some DD that suggests it's a HF ploy to pull people out of GME. If that's the case, I don't think it will be successful. GME apes are strong. You don't just lose your diamond hands on a whim. + +I've seen other DD that suggests it's a HF hedge and their using this to boost their capital in order to better defend their position in GME/AMC. This seems a bit more plausible to me, but I'm still not 100% convinced. A lot of people are posting massive gains (sincere congratulations). + +What conclusion I have come to is this. If I were a HF or a MM who needed WSB to fracture, I would seed disunity and distrust among the community. I would send every bot or shill I could in every direction. Some strongly defending RKT, some tearing it down. Some screaming GME is dead, while others quietly suggest taking gains from RKT and rolling them into UWMC. I wouldn't suggest a shit stock that I knew nobody would listen about... I would use my best DD and find something that could tear attention away from GME and tear the community apart. And unfortunately, I think it's starting to work. Just reading the daily discussion thread for today is like watching two 3-year-olds argue about what superhero would win in a fight. + +I love this community. I hope that some of you may read this and that it may make a small difference. When it comes to money, it's easy to manipulate peoples feelings. I just hope that in the end, Apes Together Strong is the sentiment. + +Good luck today everyone, and thank you. +Recently, r/buttcoin posted a list of all the main problems they have with Bitcoin and crypto. + +It kind of looked like it could be their manifesto: + +[https://np.reddit.com/r/Buttcoin/comments/uvz90h/to\_the\_rbitcoiners\_that\_keep\_coming\_to\_this\_sub/](https://np.reddit.com/r/Buttcoin/comments/uvz90h/to_the_rbitcoiners_that_keep_coming_to_this_sub/) + +(Please, remember Reddit's rules, and don't go brigade it). + +I'll cover each point here, objectively and rationally. + +&#x200B; + +>1.No Intrinsic Value: You can tell whether or not something has “intrinsic value”, by seeing where it fits in Maslow’s Hierarchy of Needs. + +Intrinsic value is always a tricky one, since there is no clear cut definition of "intrinsic value". I always thought when it comes to tech, value comes from the problems it can solve. So software can have intrinsic value. + +But going by OP's definition about intrinsic value having to do with filling our basic needs, of acquiring food shelter etc...Isn't that what money does? It pays for those things? + +And crypto is money, and arguably, the way money should have been done from the beginning. + +Even in Mesopotamia, they realized coins, seashells, gold, wasn't what money was really about. It's really about the ledger. + +Keeping track of how money interacts, and who has what. All in one efficient place. + +They started using tablets to keep track of transactions, who owed what, how much, etc... It was the ancestor to banking. + +&#x200B; + +[Ancestor to the blockchain: 5,000 years ago, the Mesopotamian ledger created an indisputable record of transactions, instead of using money.](https://preview.redd.it/atmcpvjvag191.jpg?width=522&format=pjpg&auto=webp&s=bb3fc540b94e5d71e3f9f0ec4634088bcc38c88f) + +Today, our money has really become all digital, and about the ledger again. + +It's a computer accounting system. + +When we transfer money from our HSBC account to our credit card, then to the vendor on Amazon who sold us our lube, it's all electronic and on a ledger. + +HSBC doesn't send a truck of cash to Amazon. + +But that system is still inefficient, has too many parties and different companies involved in the process. With too many weak links. Poor security. Too many IOUs instead of real transactions. And having so many different elements you have to trust. Along with the employees in each company. + +My credit card number is going through so many hands. + +This is where crypto comes in. It takes out all the weak links, that complicated inefficient system, and most of all, removes the issue of always having to trust so many people. + +The only thing between my money, and the guy who sells me lube, is a blockchain controlled by a decentralized consensus, and cryptography. + +Seem like the system we were meant to have since the days of Mesopotamia, but didn't have the technology yet. + +At the end of the day, you can make the argument for both intrinsic and non-intrinsic. + +You can say there's no intrinsic value, if you keep the definition more narrow, and not include tech or software as solutions or having any value. And with a more narrow definition, I can agree that at the very least, intrinsic value is not strong. + +&#x200B; + +>2.Useless “Tech”: Blockchain is not innovative tech, it was inefficient and outdated the day “Satoshi” created it and is even more so now, over a decade later. + +That's a bit overlooking the hundreds of companies around the world already adopting blockchain technology. + +Check out what IBM is doing for instance, and tell me if you think it's useless: [https://www.ibm.com/topics/hyperledger](https://www.ibm.com/topics/hyperledger) + +With smart contracts, you can now code anything you want and have it protected by not only cryptography, but a decentralized consensus system. + +You can use blockchain to ensure anything from information, to scientific research, to legal contracts, are not corrupted, and remove centralized consensus. + +And it's not just blockchain. It's cryptocurrencies. They're not limited to just solving money problems, they can also be used to help create better systems for supply chains, like with VeChains for example. + +Here's a quick summary of how it works:[https://www.youtube.com/watch?v=\_\_yfks8BK2A](https://www.youtube.com/watch?v=__yfks8BK2A) + +If you value decentralized consensus, traceability, efficiency, speed, reduced cost, being able to chose either strong transparency or strong anonymity, and security, then blockchain is something you'll find valuable. + +https://preview.redd.it/0oofbs51bg191.jpg?width=1022&format=pjpg&auto=webp&s=3d5dc102a5323c770a78072e759d75fb71363587 + +&#x200B; + +>3.Overly Complicated: Crypto is too complicated, slow and inefficient to ever be used for anything. Your mom and grandparents WILL NEVER USE A STSTEM where they need to remember a complicated seed phrase and password and + +You don't actually have to memorize your seed phrase. But you have the extra option to, which can let you cross borders with your money in your brain. + +My dad is in his 70s, and not only uses crypto, but trades it. + +Back before 2019, when I still used my local crypto ATM, I asked the guy in the shop what kind of people used the ATM. And he said that surprisingly, a lot of people are grandmas buying Bitcoin as a gift. + +Of course, all this is anecdotal. But this is no different than people saying email was too complicated to use, back in the 90s. + +Now our grandparents are all using it. + +In fact, setting up a wallet on your phone is as easy as setting up any other app. Setting up a Coinbase account is the same as setting up a new online bank account. + +Making a transfer is as easy as copying and pasting an address or scanning a QR code. + +&#x200B; + +>4.Pollution: Already mentioned, wasting real resources that could power an entire country for a useless excel spreadsheet Ponzi scheme. + +This one I agree is an issue that needs to be seriously addressed. + +But things are going in the right direction. Increasingly more projects are going for proof of stake, instead of the heavy consuming proof of work. And Bitcoin miners are going for more energy efficient hardware, and try to use more renewable energy. They have to, it's in their best interest to cut the cost. + +&#x200B; + +>5.It’s a Scam: You are caught up in a worldwide delusional Ponzi, MLM scam that is already collapsing and ruining millions of lives. + +&#x200B; + +That's partially true. Some of these crypto projects are straight up disgusting scams. + +And on this sub, we always try to warn people about them. + +Wherever there is money involved, people are gonna try to scam you. + +Whether they try to phish for your seed phrase, or the entire project is a scam, as we've seen with everything from Bitconnect to Safemoon. + +And some of the tech may not be a scam, but total jokes used to dupe people, like NFTs. + +But things like Bitcoin, by definition, are not Ponzi scams. I explain why the term is incorrect in more details here:[https://np.reddit.com/r/CryptoCurrency/comments/u8rc0g/i\_sometimes\_see\_people\_call\_bitcoin\_a\_ponzi/](https://np.reddit.com/r/CryptoCurrency/comments/u8rc0g/i_sometimes_see_people_call_bitcoin_a_ponzi/) + +What I think people try to say when they call it Ponzi, is it's a greater fool scheme. + +If you don't believe Bitcoin has intrinsic value, then you can accurately say that it's a greater fool scheme. Where you have an asset of no real underlying value, and you're trying to find a greater idiot to buy it from you, for more than you paid for. + +Of course, Ponzi sounds a lot more dramatic. + +If you managed to get this far, thanks for for actually reading all this! I hope you learned something. Or it at least opened your mind to do a little more research. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +I’ve been rather conservative and kept a lot of my cash on sidelines since the crash, made some small gains in ETFs but in hindsight could be up a lot more if was willing to take some more risks. +Now getting FOMO, thinking it has to drop again sometime before it settles but didn’t think it would recover this quick. Have I missed the boat 🤔 +Hello all, + +We live in a small town, where things like getting a good coffee and a pie is hampered by things like 'COVID' and 'labour shortages', to the extent that it's tourist season and literally everything is shut from 2pm, and you'd be lucky to have one of the two bakeries open on any given day and if they are open the coffee is hit and miss, stock on display is limited and with limited workers things like a toasted sammich is out of the question. + +That being said, has anyone here got any experience running their own Food Truck Business in QLD? + +I have 0 experience and obviously have done 0 research, but just tossing the net to see what's what. +I’m extremely tired of chopping myself up and nickeling and diming myself by overtrading random and impulsive trades. I know I have it in me to be better at holding all day something I found I like doing a lot more than just scalping. I tend to like to “ride out the storm” and I can hold for hours in the day and sometimes I even like to hold my weekly options overnight. Anyways I’ve been working on being more patient so I can make sure I am only trading great set ups and getting rid of the feeling of needing to be in a trade, because all it’s been doing is giving back all of the gains of my previous winnings. +Hello, I've recently picked up stocks and so far have just read "The New Trading for a Living", by Dr. Alexander Elder (great book btw). Does anyone have any tips for getting into day trading? What charts to be reviewing, good indicators, how to practice and really get to know a stock. Anything helps, Thanks. +... and I want to make this money work for me. I am fortunate enough to have already saved up some money as my "rainy day" fund and have no student debt. I am currently a PhD student making \~28k before taxes, so I haven't been able to save as much as I'd like. I really want to make the most of this money before I start spending it on random shit I don't need like going out to eat, tech gadgets, etc. I'm thinking of putting it in stocks, but I don't know where to start. Any advice for a noob? +We have a 3 year old with a full time nanny and a new one coming in March next year. Our nanny handles most of the childcare, laundry and meals for our son but my husband and I work exhausting jobs and he travels for work frequently (every week). By the time I’m done with work I’m emotionally and mentally unable to deal with laundry/dishes/ errands while trying to manage my son. Is there anyone who has a full time maid that comes and cooks, cleans and does laundry and errands for you? I’ve spoken to agencies about household manager or housekeeper but they don’t do all the tasks. Hiring a separate cook and a separate cleaning service is something I’ve tried but neither will do our laundry or dishes and it’s tough to schedule different people for these tasks rather than just having one person who we could pay for five hours a day. +When it comes to solo-401k, self employed contribute both the employer and the employee contributions. Employer ($37k) has to be traditional, but the employee ($19k) can be either traditional or Roth. + +I’ve previously done 19k (employee) as Roth, as I was in lower brackets, but now things have changed. I’m currently in the 35% marginal tax bracket, and hoping to hit 37% in 2020. + +Two things: +1) I have no idea whether tax rates will ↑ or ↓ by the time I retire. Many think they will ↑ given the tax rates of similar western nations. +2) I have no idea what my SWR will be when I retire. I’m currently aiming for 10MM with 3% SWR but my target is likely to change. + +Any thoughts on whether Roth or Traditional would be favorable here? What do you do for yourself? +~$5mm NW excluding PPOR, ~750k income. Currently nearly entirely equity indices outside of some small specific bets. Looking at diversifying into commercial property but not sure whether the return upside of directly buying & passing to a management company to let (I don’t have the time to manage myself) is worth the hassle be just buying positions in a bunch of REITs. + +Looking potentially at commercial properties due to the relative stability/lower overhead of long leases. Has anyone done the math on how much you’re ‘giving away’ to go the REIT route in exchange for less work and greater liquidity? +Looking at ways to diversify some investments, and Ive made a few SAFE investments on AngelList. Today I decided to explore the platform some more, and it seems like theres a good amount of funds on there that are easy to access/participate in. + +Anyone here participate in any AngelList funds? How are the returns? How much work is it compared to regular equities? Any input would be great! +Salutations Apes! + +My irises were purple this morning and I took it as a sign. + +In the last earnings, we learned retail's progress in DRS'ing the float was 5MM shares as of 10/30. On 10/30, [computershared.net](https://computershared.net) showed [10.6MM](https://www.reddit.com/r/Superstonk/comments/qjt36y/is_this_too_busy_working_on_redesigning/) shares registered. NOT EVEN CLOSE. + +Since [I started](https://www.reddit.com/r/Superstonk/comments/qacsnu/i_built_httpswwwcomputersharednet_this_weekend/), I've been pretty obsessed with getting this right. Even developing a methodology for programmatically detecting when an Ape would end up with multiple CS accounts. + +I just want to make clear the purpose of my efforts. I want to give YOU (and myself) the tools to make educated decisions. Retail isn't given the same tools as the big guys, and that's not fair. I speculate that Citadel knows EXACTLY how many GME shares are DRS'd. Why shouldn't we? + +To learn I was off by so much did not sit well, like a splinter on my mind. And this is probably big-headed or self-important of me, but I'm pretty sure that GameStop WAS TALKING DIRECTLY TO ME when they put that line in the report. "Hey, [computershared.net](https://computershared.net) guy, you're off by 200%" + +So what's causing the discrepancy? A few things it might be: + +1. We're applying our average to 10k CS Accounts that existed prior to the great ape migration. +2. We are not adequately accounting for Apes who received multiple account numbers. +3. Our sample set has too many outliers. + +&#x200B; + +# Pre-existing ComputerShare Accounts + +I started sampling screenshots on 9/13, which is when the first few began showing up on Reddit. On 9/13, the CS highscore was right around 100k, or 10k accounts. [source](https://www.reddit.com/r/Superstonk/comments/rbj57x/computershare_new_high_score_winner_1207/hnombay/?context=3) + +Up to this point, I've been applying the average to those 10k accounts too, but I have not sampled those accounts. For all we know, those accounts are empty. Who knows when they were created, how much they held, what remains in them. We don't know, because we weren't sampling prior to 9/13. + +I propose subtracting pre-existing accounts from [computershared.net](https://computershared.net) reporting. As we're right around 100k accounts right now, this has the effect of reducing estimates by 10%, bringing us that much closer to the 50% reduction needed. + +bUT jOn - tH3 iN5iDerS hAVe tHeIr shArEs iN CumPOoTerChaIr!!!1! + +Probably - but they're already accounted for on the donut, and NOT accounted for in the 5MM figure GameStop gave us. + +&#x200B; + +# Apes with Multiple Computershare Account Numbers + +I really need a programmatic way to determine apes with more than one CS account number. + +In my [prior methodology,](https://www.reddit.com/user/jonpro03/comments/q7o6ra/drs_infographics_faqs/) I speculated that Apes who posted a screenshot of a direct-stock purchase, then later a screenshot of a portfolio would have multiple accounts. + +I'd like to change that. I gave it a think and I came up with an alternative. Now I'm going to add an additional CS account to the ape when I see they've posted a smaller portfolio after posting a larger one (the other explanation for this would be that they sold shares, but Apes don't know how to sell). + +Additionally, I've been manually tallying whenever I see a screenshot with 2 account numbers, or when an Ape says "this is my second account". + +I ran this computation a few times and found that it reduces previous estimates by another 6% over the old methodology. + +You might think, Why don't we just poll reddit to see how many have multiple accounts. I'm leery of self-reporting. It's too easy to manipulate polls... so I'd like to stick to guessing with software. + +&#x200B; + +# Outliers + +I don't want to get into the psychology of whale personality types and its impact on the likelihood of posting positions to reddit... but I do suspect that the median shareholder is under-represented. + +In statistics, a [trimmed mean](https://www.investopedia.com/terms/t/trimmed_mean.asp) can be utilized to account for outliers. I propose introducing an option to [computershared.net](https://computershared.net) for a trimmed average, and maybe making it the default. I don't want to trim too much. I was thinking just 2% off the top and bottom, or counting only the middle 96% of sampled apes. + +This small change actually has a large impact in bringing us closer to the 70 share average as of 10/30, which really just illustrates that the sample set is overexposed to outliers. + +&#x200B; + +# Is this even going to work? + +So what if I apply the 3 adjustments to the data and recalculate 10/30? + +Sampled apes is 4603, but with the new logic for multiple accounts, we're guessing 5032 accounts. + +We're only sampling 96% of accounts now, so 5032 \* 0.96 = 4830 accounts. + +The middle 96% of accounts totaled 442,670 shares on 10/30. + +The trimmed average on 10/30 is 442,670 / 4830 = 91.65 shares/account. + +The number of computershare accounts (based on the high-score), minus the pre-existing accounts is 64200. + +With the new methodology, [computershared.net](https://computershared.net) would report that on 10/30, there were 64.2k x 91.65 = 5.88MM shares locked up. + +&#x200B; + +What do you think about the changes? Good? Bad? + +Please review and discuss in the comments. I want to get community feedback on this one. Apes tend to be very sensitive to these sorts of changes. You wouldn't believe how many times I've been called a shill b/c someone didn't like the numbers I report. If you could updoot for visibility I'd appreciate it. + +&#x200B; + +I haven't finished writing the code for this. I'll update the post with a link to the changes on github when it's ready. I hope to have something to put up this weekend. + +&#x200B; + +Cheers! + +&#x200B; + +🦍🦍🦍🦍🍌🍌🍌💻🪑 +Am I wrong to speculate on energy/oil stocks based on Scheer winning? I assume the oil sector will get a major boost from the fed. Placing money on XEG or ZEO as my bet. Sure, politicians and their campaign promises can't be trusted but it adds some confidence in investors. + +How do you think a win for the Conservatives will affect this industry? +Hello! + +I am in my mid-20's, am still doing my undergrad and will likely be doing so for the next two years due to me wanting to change my degree, and work a part time job on the side. Eventually I want to go to grad school post-grad and own my own living space, etc. Do not have much debt aside from student loans. + +I started investing in June and bought XEQT since it was a decent bet considering my risk tolerance. I am still interested in XEQT and still trying to learn more about personal finance and stocks in my free time. I guess because I am young, I am not sure if I am making the right choice by putting it all into XEQT? I see some people allocating larger portions for more speculative and growth stocks, but I feel like not many younger people are talking about dividend stocks. + +I have XEQT and some blue chip stocks that I consider to be staples (ie ENB, BAM, etc). I am wondering if my entire portfolio ends up being: 60%: XEQT, 15%: TEC, 25%: Dividend stocks and growth stocks ... is this a horribly bad allocation? I am not sure? I want a higher risk tolerance since I am still young, but am not sure if I am going down a decent track. +I just received notification that I have a negative dividend from Magna International (MG) on Wealthsimple. I've never heard of a negative dividend before where I owe money. Are there any circumstances where I could owe money on a dividend? I've been investing for a long time and I've never seen anything like this before. +Just wondering what your guy’s plans would be for the first home savings account the liberals want to create, to help with housing affordability. For me I would be be buying less equities than I do in my tfsa and rrsp. I was thinking of something like vbal/xbal or vcns, as I think a greater allocation to bonds is probably smarter +Hi everyone, + +I currently have $14K in my WS Trade TFSA. 95% of it is in XGRO and the remaining 5% in a US tech stock. I put in about $1K every month based on my earnings and savings during the month. I'm 24 years old so still have plenty of contribution room left. + +My question to you guys is how much would you be comfortable in having in a WS Trade TFSA? Would you move it to a larger brokerage or bank after hitting the $25K/$30K/$50K mark? Does anybody have any thoughts regarding the security on the platform. Thanks. +**TL:DR**: Wanted to get $5000 USD, saw exchange rate, purchased 492 shares DLR.TO with price of $12.84 CAD/share (totalling: $6319 CAD). Journal request over to DLR.U.TO was settled but I ended up with the 492 shares totalling $4961 USD with price of $10.08 USD/share. Not quite sure how I lost $40 USD/$50 CAD or 1% during this process. + +------------------------------------- + +Hello, I am not quite sure what I am missing, but hopefully someone can help me understand what exactly I am not understanding here. I understand currency fluctuations exist between the business days it takes to perform and complete Norberts Gambit but I am struggling to see how I ended up with my numbers. + +I set out to perform my first Norberts Gambit on Questrade. My aim was that I wanted to roughly end up with **$5,000 USD.** + +So last Friday I saw what $5,000 USD was worth in Canadian and it was **$6317 CAD**. (Today's current exchange rate says $5,000 USD = $ 6320 CAD) + +So I purchased **492 shares of DLR.TO**. The average price was **$12.8359 CAD**. Which had a total of **$6315.26 CAD.** With commissions and the fact they had to break the order into two the total transaction came to **$6,319.00 CAD.** + +After my journal request over to DLR.U.TO was settled the total amount of my 492 shares was **$4961.12 USD**. With the cost per share being **$10.08 USD**. + +How did it end up at that? + +That's a $40 USD (or $50 CAD) difference. Which in the end seems as if I am losing 1% performing Norberts Gambit. + +I haven’t yet sold the DLR.U.TO shares. Thinking I’ll sit a bit to see if it increases in value? But looking at the chart I see this is stupid. + +To further add to my confusion I see the price of per share of $10.08 USD and think, “if I am looking to turn these 492 shares of DLR.U.TO into the $5,000 USD I set out for, I have to wait for it to reach $10.16 USD. But one look at the DLR.U.TO chart tells me clearly this will never happen. + +I clearly am not aware of what’s at play here so any help would be appreciated. And if this is just how it is every time I suppose that will suffice. Thanks for reading. +does anyone think the rising CAD will affect foreign buyers of canadian real estate (ie, reduce the amount of foreign capital flowing into canadian real estate markets)? or do you think it will have relatively little impact? +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. +As the title states, my dad is a victim of the COVID-19 virus and is on a ventilator. + +He is a single man. He does not have a lot of savings. He does not have a will. He has five children. I am the oldest. I'm afraid to go into his house because of the virus. + +When I contacted his mortgage company, they said I can't do anything because he is not dead and because I'm not on the account. It will probably be the same when it comes down to his cars. + +Is there anything I can do? It looks a little hopeful for my dad and I don't want him to wake up being in huge financial trouble if I am able to prevent it. + +Thanks for any advice. + [Facebook](https://www.cnbc.com/quotes/FB) shares tumbled more than 16% in extended trading after the company reported disappointing earnings and gave a weaker-than-expected forecast. + +Here are the results. + +* **Earnings per share:** $3.67 vs $3.84 expected, according to a Refinitiv survey of analysts +* **Revenue:** $33.67 billion vs $33.4 billion expected, according to Refinitiv + +Wall Street is also watching other key numbers in the report. + +* **Daily Active Users (DAUs):** 1.95 billion expected by analysts, according to StreetAccount +* **Monthly Active Users (MAUs):** 2.95 billion expected by analysts, according to StreetAccount +* **Average Revenue per User (ARPU):** $11.38 expected by analysts, according to Street Account +What’s going on with the recent attack of Bitcoin? Elon musk says Tesla will be accepting it as payment but later comes out and claims it’s leaving to big of a carbon footprint? All while selling cars charged by the grid.... I’m seeing study’s conducted by banks claiming “Bitcoin is using 66% more electricity than it did in 2015”. Reminds me a lot like big tobacco and their studies finding tobacco doesn’t cause cancer. What’s going on here? +UKPersonalFinance, you have been a dream. I have learned so much here and for the first time seek your wise advice. + +*Background:* My partner and I hired a mortgage broker based on our potentially complicated application--we are foreigners, have been living in the UK for 5 years on Tier 4 visas, we have good credit and savings, but we have just started a new Tier 2 visa with 5 years left. When we hired our mortgage broker we chose him based on his experience working with foreign applicants and reviews. We started the process in beginning of November with a lot of confidence from the Broker. He suggested a NatWest mortgage that required 15% down payment. + +*Problem:* Yesterday we received word from the broker that we had been approved for the mortgage, but that there had been a mistake "somewhere on his team" and they had applied for a mortgage that required a 15% downpayment for a Tier 1 visa (not what we have). The option available to us with NatWest is actually a 30% downpayment as a Tier 2 visa holders. If we were to pay this we would wipe out our emergency fund and have zero savings. We could comfortably go to 20% but 30% is really pushing it. + +*Questions:* The Broker then said he had a solution, Barclays has an option that fits our downpayment and other particulars and he is happy to move ahead with an application there. He would also waive the application fees as the error was on his end. **Here is where my questions come in:** does applying for another mortgage after having already gone through this with a different bank, hurt our chances, our credit, or our favorability as applicants? I have read here not to apply for a mortgage after being rejected, but what about if your application was accepted? Also...what would you do in this situation? We are at a total loss and feel like the situation is even further out of our control than before. We are tentatively opting to stay with the broker as we have already gone through all the paperwork, downpayment, checks, etc. but he is quite expensive and this seems like an error that was easily avoided the first place. + +Thanks in advance. Any advice and insight is appreciated! +I've found it particularly rare to be able to talk to my friends in any great depth about Personal Finance. There seems to be a tacit competition between friends of a similar age as to who's doing the best in their career, who's earning he most etc. Though it's never really explicitly stated, we all have a 'ball-park' figure of who earns what and a rough guess at what each others spending power is. + +Out of curiosity, my question is do the members of this sub frequently talk among friends openly and honestly about their financial situations, goals etc? If so what's your experience with that. + +Cheers everybody for being so helpful on here. +First of all, I want to thank the Bitcoin community for the kindness shown and expressed for my brother. My heart is touched. Thank you. + +I just talked to my brother with my dragon at my side for the first time in at least 2-3 weeks since this Newsweek episode turned our lives upside down, all lines of communications were cut. Majority of the world was not told that Leah was intruding upon people's privacy with zeal weeks before the launching of Newsweek hardcopies. It was agreed that none of "us" would talk. Make-Believe Journalism was never in our minds until the announcement by Newsweek. + +I wanted to share with those who are interested some of the human interest side. + +What is endearing about my brother are "things". Social concepts and personal thoughts that would be of a concern to a majority of the populace is not highlighted in my brother character. How would I word this? Dorian is a technically brilliant person who is more comfortable in an old crumpled T-shirt, cargo short pants, white crew socks and doesn't frequent mirrors at times to comb his hair. Leah McGraw Goodman got that right. The hair? Maybe a little more infrequent. These observations are not just mine. Over the decades, his friends who are and were executives in the aerospace firms and software engineering companies have told me the same things. I don't think I am going on the limb when I say that I wear 1/2 size white crew socks, wear Hawaiian shirts a lot and even collect vintage ones at that. That I can spend hours behind flat screens and not shave or comb my hair over the weekend. Since our Lexie, four footed member of the family passed on, I too am out less frequently due to no walks twice a day. If I am a geek, then so be it. I have seen my brother do exactly what he does before there was a culture of computer nerds or geeks, the terms weren't even concepts at the time. Besides, it is anti-fashion statement expressing freedom from fashion tyranny. + +We talked and at no time did he express or mentioned what the Huffington Post listed as the #1 thing that should be taken from the Newsweek's story written by Leah McGraw Goodman. The number one thing is that his younger brother called him to be an asshole. In usual form, I know that Dorian forgave me and moved on just before we reconnected. I wish that I can have that kind of character to do exactly that in my life. In my life, I tend to remember stuff and not forget even though I have learned over time that I have the ability to forgive people. It's part of my life I have to continuously work on. + +OK, here it is. Does anyone know or can ponder to guess why the AP reporter was given the exclusive? You guys all saw the video and I'm thinking some saw it over and over for details. + +Dorian opened the front door and he announced who would buy him lunch. The photographers of all nationalities swarmed in pushing each other flashing cameras and video cameras spearheading the way. No one spoke out but a guy way in back near the end of the low cinder block wall yelled out, "I'll buy lunch". Dorian said that the AP reporter was the only reporter to make an offer to buy lunch while all the others kept on taking pictures and taking videos. That is how the AP reporter was chosen as told by Dorian. Now you all know before any other media. + +Dorian had to take a short break. I am thinking things were hurting. I asked him what is a "hair ball". He said that he doesn't know exactly what a "hair ball" is and that it is probably what was called a spaghetti program long ago. Not well structured and has a lot of re-writing to do. In the short time he personally glanced at the write ups on the net regarding Bitcoin, he told me that the creator is "brilliant" but a poor code writer and that he could have done better with virtually no errors. + +With that, I am now convinced that my brother is not the "Satoshi Nakamoto". Can he do it? I think, Yes. I believe it and what's more important is that he is among a very select few of people of "extreme interest" as it was told to me by authority on Friday. + +I can see where Leah McGrath Goodman and the owner of Newsweek decided to throw Dorian Satoshi Nakamoto under the bus with a 20 to 30% probability that he is and dismiss the 70 to 80% that he isn't. Excuse me but Leah McGrath Goodman is such an 80's name. I am going to do her a favor and call her LMG. She is lucky that I don't call her LSMFT. + +My stuff. Calculations made for me by BCG from data publicly available sources that there are only 7 people in the world. The initial calculation went something like this. Overall demographics ie: people with computer programming knowledge, coding skills, distributed network knowledge including swarming techniques, Polish notation programming...right down to having lots of personal time to write code, disregard for family or pursuit of sex that would take time and energy, highly disciplined, focused beyond the normal, obsessive personality or just plain as BC put it "crazy" and highly anti-government. And the final kicker of the name Satoshi Nakamoto that is given weight. By the way, Satoshi is not an unusual name in Japan. The name Nakamoto is from what BCG reported, originates from the Hiroshima area as most "moto" or "source" translated phonetically is defined. I have to state that BCG is tied to the pharm medical world with statistical demographic mainframes with various programs with claims of accuracy audited by the FDA. + +I don't know specifically but I do know that I.Frank Nakamoto was born in Hiroshima before coming to America and then to later be thrown into an American concentration camps as a political prisoner in Perris, California for being a successful and outspoken businessman. I have been visiting his grave over many years at the Evergreen Cemetary in Boyle Heights. + +What calculations told me is that when it comes to human beings and their unique characters, profiling is a loose and irresponsible pseudo name for WTF, it doesn't work. All the professional behavioral analysts that Newsweek may have hired, their obviously under qualified and desperate legal advisers if they hired some, loosely expert statisticians and financial advisers didn't mean crap when the end result is that they are wrong. + +It's late and I have to get on with my reality. Once again, many thanks to the one and only forum that is a true community. Thanks for allowing me to vent. Thanks for the many posts of support. For those who a unsure, my sincerest apologies. My intention is to support my brother who supported me as a older brother is supposed to do. As the oldest brother, he, in Japanese and many other cultures including America, becomes the head of the family who takes care of the parent or parents. He is suffering right now and all I can do for this time being is figure out a ways to help from a distance due to irresponsible journalism operating at its finest. Instead of energies to minimize the 2nd Amendment we should spend time minimizing Freedom of the Press? I am not a Libertarian. I am a Conservative who thinks most of the Conservatives are Liberals. + +Andreas, my sincerest thanks. If we meet in the future, one minute, who is going to buy Dorian lunch? I will buy my brother's and you a lunch. + +Yalla, bye. + + + +As always, I authorize /u/nakamotodragon to answer questions in my absence. + +Edit: proof for the non believers: +http://imgur.com/wfFqpr1 +Please vote to keep the DRS/Computershare posts! + +No ape should be too lazy to sort by flair, sort to eliminate seeing CS flaired posts, or simply take a few extra seconds/minutes and scroll past them. DRS can NOT lose even the hint of 100% focus!! + +Locking the float is going to take everything we have. Please spread the word to the masses outside of Reddit. Please consider trading in your “other” investments. Please get out of brokers - by any means possible - that won’t let you DRS. + +This is war. + +#LOCK THE FLOAT!!! + +Edit: Right now, after collecting data from 200 apes that submitted a CSX number, the number of accounts per ape is 1.42. This reduces the 113,000 CS accounts based off of the high score to actually 79,577 unique ape CS accounts. (Maff=113,000/1.42) +I'm completing a nursing degree. Was due to finish at the beginning of September, but due to extreme bullying on my final placement, I had to drop out of it. As per NMC requirements my final placement has to be 12 weeks in the same placement, so I'm having to restart the whole thing somewhere else. + +I had only budgeted up to October since student loan/bursary didn't cover rent/car tax/food etc. This included my student overdraft and my credit card. I'm pretty much maxed out bar a couple hundred quid and my rent (£425 Inc bill) is due in a few days and I haven't got the money. + +My university has had to request an extension to my funding, which may or may not be accepted, but have essentially messed around for an entire month and can't even tell me whether I'll definitely get the extension, nevermind when. + +I'm panicking. I don't know what to do. I have nothing of major value to sell. My car isn't worth much and I need it for my placement since it requires driving from home to home. My family can't borrow me money. I'm a lodger so my landlord could just kick me out if I don't pay my rent in a few days and I have nowhere else in the city to go. I've been getting on and on at my uni and they don't seem to care. I've been looking for work, but given that I need to start right now and I'll be leaving in two weeks, noone really wants me. + +This probably isn't a personal finance type question but I don't know what else to do or who to ask. I feel like I'm going to end up dropping out right at the end of my degree because I can't afford to attend my placement anymore. + +Any advice would be majorly appreciated +I've got a decent amount of time each week between traveling, training, eating etc. I'd like to use this time to develop my financial understanding and the possible options available to me as much as possible. I'm very much a beginner so nothing too mind boggling would be ideal. + +I enjoy reading posts on here with people discussing Emergency Funds, Premium Bonds etc that I had no idea existed before joining here. + +If anyone has any recommendations about what else they think I should look into more, I'd like to hear that too. + +I'd like content that I can get my teeth stuck into a little more than just reading the posts on here. Preferably stuff that would be of use to me here in the UK. + +Can anyone recommend any podcasts, youtubers, audio books, or is there anything else you would recommend? +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. +Okay guys, looking for some general financial advice and tips on preparing for parenthood. We are hoping to start a family towards the end of 2021. We both currently work full time but I intend to go down to part time hours. We have no family nearby for childcare help. So any childcare advice also welcomed. + +One tip I read was to start acting as if you only have 1 salary now and save the full amount of second salary for 6-12 months. We already live well within our means, so don't need to look at current outgoings other than becoming a bit more frugal with our food shopping bills. + +How did you prepare for it? Did you find a big increase in outgoings for childcare and baby supplies/food etc? Is there anything you wish you had known? +I've always avoided getting a credit card, simply because I'm uncomfortable with the idea of spending money that I don't have. Alas, certain car hire companies still refuse to let people use debit cards for payment though, so I'm looking into getting a credit card purely for that purpose. + +I'm very frugal, so there's essentially zero risk that I'd fail to pay off what I spend. I'd just look to put my regular weekly shop and small purchases on it, which tends to come to <£200 per month. With that in mind, is there any particular credit card which it would be more advantageous for me to get? Or for those of us who don't really want to spend much, is one much the same as the other? +Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! + +If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. + +[Join us in the r/Bitcoin Chatroom!](https://discord.gg/qE3rWBRNqh) + +Please check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/nf1rw9/daily_discussion_may_18_2021/) for unanswered questions. +I’ve just come back from a weekend in ‘the North’ as described on all good motorway signs. + +I paid £4.25 a pint! When I paid £5 for a pint in London. How much is a pint where you are? When did the North get expensive? +So with the latest distribution surprising people. It's to be expected behaviour based on distributions from the underlying funds and also rebalancing to match VDHG's advertised percentages + +* VAS - Vanguard Australian Shares Index Fund (Wholesale) 35.90% +* VGS - Vanguard International Shares Index Fund (Wholesale) 26.70% +* VGAD - Vanguard International Shares Index Fund (Hedged) - AUD Class (Wholesale) 15.90% +* VBND - Vanguard Global Aggregate Bond Index Fund (Hedged) 7.00% +* VISM - Vanguard International Small Companies Index Fund (Wholesale) 6.50% +* VGE - Vanguard Emerging Markets Shares Index Fund (Wholesale) 5.00% +* VAF - Vanguard Australian Fixed Interest Index Fund (Wholesale) 3.00% + +Ref: https://www.vanguard.com.au/personal/products/en/detail/8221/Overview + +While many of us would prefer not to get distribution returns while still working to minimise tax we'd prefer growth and only draw down when in retirement. Someone in another thread suggested if you were controlling your own portfolio (while still earning) instead of selling to rebalance (what VDHG does) you just buy new ETFs heading towards the rebalance. That helps you minimise the additional taxable income during your working years. Albeit this goes very much against the "set and forget" nature of VDHG. + +So since VDHG is actually made up of ETFs available in Australia it had me wondering how much of the distribution was the cost of rebalancing vs distributions from the underlying funds. So I made this spreadsheet based on a $100k portfolio with a + +* Roll your own VDHG from the same underlying ETFs in the same percentages. +* Owning just VDHG + +https://docs.google.com/spreadsheets/d/1p2jfEpqXPmzMYj1pcIL0cyR78jr3uD26dv8GIF-5VhA/edit#gid=0 + +Assumption: Since there is no announcement of VGAD distribution as I think it only happens every 6 months I just used the one from last Dec. But in reality this quarter it's probably zero. + +Interesting results for distribution returns this quarter for a $100k portfolio + +* Roll your own : $1,518.20 ($913 if you have VGAD as $0 DPS this quarter) +* VDHG : $3,610.38 + +So just over $1.5k was costs from rebalancing. $2.5k if you set VGAD distribution to $0 for this quarter. + +Did I miss something here? + +Obviously the "roll your own" VDHG would also incur broker fees as you purchased to balance as well. It would also require a fair bit more effort on your part to balance. + +Another hidden cost of roll your own. Would the effort (accountant cost to submit tax return) be considerably more if you owned the 7x ETFs contained within VDHG come tax time? + +What else did I miss or get wrong? + +Bonus points for anyone who wants to copy the spreadsheet and work out the "purchase only rebalance strategy" costs for say original purchase on 01/01/2020 then rebalance today. I wasted enough time making this little demo :) Edit: I started doing it on sheet 2 if someone wants to pick up where I left off. + + +I'll still probably stick with VDHG for the "set and forget" low effort requirement. However I was very surprised at the difference. + +Edit: I made other tabs for differences between Dec 2020, 2019, 2018 and 2017 and they were much smaller and nowhere near as stark. +Wanting to ask a quick question, I am 22 and wanting to figure out what to do with my super, I’m with hostplus at the moment, should I be switching over to anything ? I’ve heard vanguard is a good option for the future.. any ideas or suggestions? +Kinda broad question, but I (like a huge number of peope around the country) recently found myself in very different circumstances to a few months ago. + +In January I was saving for two overseas holidays, pumping money into a side business and enjoying an active social life (which often involved visits to bars, cafes, restaurants, etc.). However, now the overseas trips are cancelled, there's no point putting putting more cash in a side-business that isn't doing much at the moment and the active social life has been put on pause. In fact it would be hard to spend more money even if I wanted to. + +Given my wife and I's jobs are fairly secure, I'm currently using this as an opportunity to build up our savings, through pumping money into our mortgage offset account and I've started buying more ETFs again. + +What's everyone else's plans? Anyone got any radically different ideas? +The US stock market is widely stated to be overvalued right now https://www.currentmarketvaluation.com/models/buffett-indicator.php, at 2.2 std. dev. +above the historical average. + +Why, then, do investor not pour into the stock markets of other countries with better stock market cap/gdp ratios? + +https://en.wikipedia.org/wiki/List_of_countries_by_stock_market_capitalization + +Is there a list of each countries' % total mkt. cap./GDP by std. deviations away from historical average available anywhere? +Can someone please explain these to me in the most simplistic way possible. Like as if you tried to tell a child. + +I just cant wrap my head around them. +TL;DR: Mastercard isn't just opening the doors to 30 Million merchants to use crypto for transactions, it's forcing Visa, Discover, and others (over 100M merchants between those two) to jump on the bandwagon too, or be left in the dust. + +The game has been changed. I'd argue this may be THE BIGGEST bombshell in Bitcoin adoption history, and BTC is DIPPING today? + +What a year we have in front of us... + +FULL ARTICLE: +[https://www.publish0x.com/crypto-for-creators/breaking-mastercard-bringing-crypto-transactions-to-30-milli-xkydmxv?a=GRb4xGG7bB/](https://www.publish0x.com/crypto-for-creators/breaking-mastercard-bringing-crypto-transactions-to-30-milli-xkydmxv?a=GRb4xGG7bB/) +Okay, so I know the subject of perpetually low inflation is complicated and has perplexed financial analysts and the Fed for decades. I am wondering--what are the popular ideas as to the cause of such low inflation? Why can the U.S. Treasury issue so much debt without causing as much inflation as if it just "printed" money? + +I know Keynesian economics says inflation and unemployment are inversely proportional. But of course, the economy has changed dramatically since Keynes lived and become much more globalized. One theory I have heard for low inflation is inflation is actually tied to productivity growth. Historically, domestic unemployment is just a confounding variable. There has been a lot of real productivity growth in the developing world since the 1980s (particularly China and East Asia), and debt monetization ties global productivity growth to the dollar. Developing countries buy up Western debt as a way of giving themselves legitimacy (investors will be more likely to invest in developing nations if those nations have safe assets), which has allowed developed nations (U.S., West Europe, Japan) to constantly issue debt to fund deficits and monetary stimulus without causing inflation or driving up interest rates. Since the global supply of labor and untapped productivity growth is virtually infinite, the only danger to the U.S. economy is a global productivity glut and/or a decrease in demand for U.S. debt. Neither of these is likely in the near future (since new labor is so easy to come by, and since the U.S. is so much more stable than the rest of the world). + +Feel free to tear this apart, it is just an idea I heard. The question remains--is there a conceivable scenario where we see a crash in both Treasuries and stocks going forward (i.e. stagflation)? Is it more rational to be afraid about a crash in stocks than a crash in Treasuries? +Great news for whoever's long on the psilocybin and psychedelics boom. + +[https://www.cbc.ca/news/canada/london/some-doctors-therapists-get-health-canada-permission-to-use-magic-mushrooms-1.5834485](https://www.cbc.ca/news/canada/london/some-doctors-therapists-get-health-canada-permission-to-use-magic-mushrooms-1.5834485) + +MMED to the moon baby +I (29f) don’t have much to spend at the time unfortunately, but my husband is from another country than I am (I’m from USA, he’s from Portugal) and has never been bowling but always wanted to do. + +Today is his birthday, so I wanted to surprise him with a night out so I booked a Groupon deal at a local bowling spot for tonight. The regular price for 2 hours of bowling for 2 people was like $100+, and the Groupon offer was for $25 and included everything, so I was so happy to find a present within my budget. + +I called the bowling alley weeks ago to see about the specifics & any regulations regarding the Groupon. The tone of the employee immediately went from friendly to just uncaring, as if I was no longer a valid customer. Regardless, I got the answers I was looking for and was still excited. + +Tonight I call just to see what the wait is (I want to get there early since we are using the Groupon and it doesn’t allow reservations), and again, the tone of a different employee just totally flipped. They kept asking really snarky questions about the Groupon and then just hung up. + +This is not the first instance of me feeling totally snubbed for taking advantage of options like Groupons for services/products. I don’t get it. Why put your business on the site knowing what you are getting involved with if you are just going to be annoyed when people use it instead of going directly through your business? + +I’m not saying I’m okay with what is I’m sure an unnecessarily large percentage that Groupon receives and thus a “loss” to these business, but why take it out on *me*? + +Anyone else share similar experiences? + +Ugh. I’m so sick of being poor, and even more sick of feeling guilty of it. + +EDIT/UPDATE: Thanks everyone for the comments — I’m catching up now. + +We got back from bowling not long ago and had a blast! We managed to cram 6 games into our $25 2-hour Groupon session (which included shoe rentals), which was amazing considering I underestimated the cost — they charge per game, and after 6 p.m. it’s $9.50 per game per person, excluding $7 each for shoe rentals. So we would’ve paid $128 on bowling alone. Absolutely ludicrous. Why do I feel like bowling was so cheap and now all of a sudden you gotta be upper class just to toss a ball at some pins? + +Anyways, regardless of my rant, we had a great time. We shared drinks and appetizers & tipped 18%, so they did get more than the Groupon out of me ;) + +I understand the sentiments about the stereotypical Groupon abuser, and I do think the people that take advantage of it give it a bad rap and it ends up sucking for the employees more than anyone (especially those at the top). But also, if a business puts the deal up and customers go through Groupon, I still feel there’s value in seeing them the same as any other patron. + +I always try to be the best I can and most respectful when I use coupon services, but sometimes it’s hard to shake the guilt of feeling like I’m being cheap. I mean, I am lol, but it’s nice to get the rare occasion of enjoying things I couldn’t regularly afford, ya now? +My employer used Captain401, which was bought by HumanInterest, earlier this year. + +I don't like any of the options I have for investing in and wanted to roll it into another provider but I'm being told I can't do anything but invest and choose the limited investments until I quit. + +I used the 401k as a savings plan for a home, taking advantage of the employer matching, and I'll never be able to retire if I can't get out of renting. + +I have emails from my employer suggesting we all take advantage, because of the employer-match, and how it's just the "best" investment option because we can always take it out early if we need to, we'd just pay a fee and risk devaluing this to a standard investment type. But now he says he's sorry and he didn't know he was mistaken when they switched. + +Is this normal? There's misleading information on their site, emails, even the disbursement form suggests there are "hardships" and "retirement age" but they're not options I'm allowed to select. They've deemed the only option for getting your money out of the plan is to leave the company. + +Do I have any options other than quitting? +I’d like to get my parents some money. Let’s say low six figures. Obviously just gifting it directly has some substantial tax disadvantages. Are there any more creative options? + +Pay off their mortgage? + +They run a small business, could I purchase a % of it and then have them pay themselves out? + +Open to (legal) ideas. + +*edit* obviously I misunderstood the way gifts are taxed in a big way! Turns out this is easier than I thought. +Email from RH today. Literally saying we didn't do our job and you're fucked. + +"Unfortunately, an agent wasn't available to assist you with your request on Wednesday. Therefore, your LK options expired worthless this past Thursday. + +Please accept our sincere apology for any inconvenience this matter may have caused you. If you'd like, you may file a complaint online with the Better Business Bureau or with the Financial Industry Regulatory Authority. + +We take customer feedback very seriously and we are always striving to improve our services.Feel free to respond to this email if you have any additional questions." + +I was always a believer in RH and gave them the benefit of the doubt and shrugged off the haters. This was the last straw for me and if you're still using RH learn from me and make the change before they fuck you. It's not a matter of if, it's a matter of when, guaranteed. + +This is going to end up costing me $2k-$5k depending on where and if LK opens back up. I can't even imagine if this was a REALLY big position like $20-50k. Luckily for me I'll never give RH the chance to do this again. Filed a complaint with FINRA, pulled my 5 referrals from RH as well and we're all moving to ToS. Happy trading. +I thought about posting the link, but I can understand it's banned to avoid (un)willing fearmongering. + +Cassandra Capital just published an article that is now top on Hacker News. What are this subs comments on this? + +EDIT: I too, think the article is too sensational and doesn't appear to be very well researched. I mainly posted it because it was on top of Hacker News. Despite this, is the main point reasonable (ignoring how good the author's arguments may be)? +After the worst first half of the year for the S&P500 since 1970, it is not surprising that the overall bearish sentiment is at very elevated levels right now. This is something that can be seen in various data points. For example, asset manager positioning in ALL equity futures (% OI) is currently at 2.08%. To put that into some context, this was 5.07% in March 2020, 3.11% in 2016 and 2.85% at the end of 2011, making the current matric a new record low over the past decade. There are also signs of capitulation in the broad equities market, with the percentage of companies trading below cash and short term investments reaching nearly 12%. Again, for some context, this number only briefly exceeded 10% at the bottoms in 2002 and 2008. Lastly, the corporate insider buy/sell ratio is indicating that insiders are once again on the buy side. On a historical basis, they have usually been on the right side of the trade. Does this all mean the bottom is in? No it does not, but in my view we are close to one when looking at these data points, especially if we see reversal in monetary policy by the FED soon. + +Now I know some of you may be wondering what this has to do with the FED pivoting, as they have shown that they are not really bothered by the broad equities market correcting in the manner that it has done. After all, what they are concerned about is getting inflation down to more sustainable levels. Allow me to put a pin in that ‘fight against inflation’ for a moment and concentrate on something that monetary policy does care about, which is the economy. Let’s start off with everyone’s favorite subject, taxes. We are seeing tax receipts come in lower on the back of these rate hikes and an economy that is slamming the proverbial brakes. This was also covered by Bloomberg recently, who noted that June’s estimated payments, which are closely tied to capital-gains realizations, were 31% lower than the same period last year. With tax receipts going down and likely continuing the slide if we don’t see a turnaround in monetary policy, budget deficits are poised to go up and US entitlement spending is poised to consume approximately 90% of these US tax receipts, which is wholly unsustainable. + +Another reason why the FED is on the cusp of either breaking the economy or breaking their rate hike policy, with my view being that the latter is far more likely, is that the treasury market is slowly breaking. With debt to GDP at around 130% in the US, a major rise in yields and the breaking of the treasury market is a sure fire way to put a bullet in the financial system, something that I believe is not on the cards. They can rectify this by pausing their rate hikes, cutting inflation loose to inflate debt to GDP down towards the high double digit level, start a new QE program to halt the cracks in the economy and implement yield curve control as the final piece of the pivot puzzle. + +In my view, seeing the speed at which this is unfolding, I believe that we will see a pivot by the FED and the beginning of the aforementioned monetary policy roadmap before the end of Q3. What they would need to start this however, is something to justify it. Call it an excuse or rather a justification for changing said monetary policy. This would likely have to come in the form of lower inflation numbers, as that has been the most important driver vis a vis the current rate hiking cycle. I think that this is exactly what they are poised to receive very soon, so let’s take the pin out of this subject and address it. Why do I think that after we just had the highest inflation print in some years? Because inflation metrics that are looking ahead, such as 1-year inflation swaps and port data are pointing to slowing inflation and that will give the FED the excuse it needs to get back to said renewed QE. Various commodities are also down over the past few weeks and months, with two examples being copper (down from $4.82 to $3.41) and oil (down from $113.39 to $98.43). With inflation slowing down, QE is the most likely path going forward to support the economy, even if it means cutting the inflation loose and letting it go up for the coming 12-24 months to bring down debt to GDP as I mentioned earlier. Before that happens however, we are still looking at a strong US Dollar, as well as continued volatility and downside risk across the markets between now and the decision to stop hiking, which I again think will come before the end of this quarter. + +What will benefit from this taking place? Asset classes across the board, with the broad equities market resuming an upward trajectory and commodities (such as copper) and energy (such as uranium and oil) performing exceptionally well as those embark on the second leg of their respective bull markets. One asset class that I want to touch upon briefly in particular, gold and silver, is poised to outperform in a QE and YCC environment after being in a correction for nearly 2 years now. Sentiment is scraping the bottom of the barrel for this asset class and from a TA point of view they are at historical support levels. There are various ways to play this, whether it be via an index tracking the actual metal, royalty companies or the miners themselves, but that is of course all dependent upon your own portfolio goals and risk tolerance. + +I hope that this post has proven to be informative and the coming months will likely be as volatile as they will be eventful. Best of luck out there for all of you and I hope you have a good and healthy rest of your day people! +So is this how the shortable shares enter the market? After being 'minted' at the MM (Citadel), they get handed off to brokers to offer for lending? I have so much to learn, but it's clear they don't just have 200,000 shares lying around that weren't already lent out previously. I always assumed that these were shorts that had been returned, but it struck me that this might be how they 'provide liquidity' - create them, give them to fudelity/ibkr/whoever else is in on the game, and then borrow them back so they can short sell them. Potentially to themselves? Is this possible? + +Wondering if any ape can maybe describe what the process would be for introducing those fakes to the market? It's yet another piece of the intricate mosaic of fuckery that I'm trying to wrap my head around... thanks in advance wrinkle brains! 🙏 + +https://preview.redd.it/6r54r2cynoc91.png?width=1008&format=png&auto=webp&s=4b57f93fee968c3f3f134ba57e9274d71a477a8f +&#x200B; + +https://preview.redd.it/qgnuyw5zeyu81.png?width=1583&format=png&auto=webp&s=8eabc607b3208ec9ced1497d56c9379c9f3c93e9 + + [SEC Filing | Gamestop Corp. (gcs-web.com)](https://gamestop.gcs-web.com/node/19701/html) +Let me preface this by saying I'm not a father and I don't plan on becoming one. I've heard a lot of people in this community talk about how they don't believe in an inheritance for their children. This confuses me because the whole point of FI in my understanding is being able to live comfortably without worrying about working for the sake of working, and being able to pursue what you are passionate about. If this is what you believe is important in life why wouldn't you want to be able to pass that on to your children? Based on my understanding of the 4% rule, that money should stay at about the same level throughout your retirement meaning your kids could inherit your FI number or a little less. They could choose to work longer if they want a higher class lifestlye than you lived or they could use that money for it's intent and live a fulfilled life. As long as you raise them to respect money and not live extravagantly, what are the downsides of providing FI to your kid after you pass? Am I missing something? +22. Right now, I work for $20/hr as a laborer for a residential construction company. I live in San Francisco, and make $2600 after taxes per month. I won't lie, my boss is the most down to earth person I've met, and I've learned quite a lot on my short time (4 months) being there. This is a job I actually like. They pay is justified since it's an entry level job and I had no prior construction experience. However, if I wanted to learn a trade and get licensed, I would probably need to quit anyways to take classes. + +&#x200B; + +My friend recently started a cleaning business and I've worked 6 jobs of jobs on the side with him while commuting back to work my labor job, and the pay is way, way better. There are people that are willing to pay good money to get their shit cleaned. We cleaned a woman's house -- $450 for 3 rooms, living room, and 2 bathrooms (this is in the bay area btw). It only took us 5 hours to clean that client's house, and we have gained her business as a bi-weekly recurring customer. Of course, our mileage varies, as some jobs will take us 3 hours but we'll get $150. I'm already seeing a lot of money potential in this work, and I've talked to my friend about being serious and letting me invest more money into equipment, supplies, gas, etc. for 1/2 ownership of the business. Though, this is all a verbal agreement -- we haven't agreed on anything on paper yet. He's still the sole proprietor of the business, so I have to work things out. So far, I've invested about $1500 into equipment and helping my friend with his rent. + +I was also thinking since there's a high chance of a recession coming soon, investing in this cleaning business would be a good idea, since people always need their houses cleaned. Construction also slows down significantly (right or am I misinformed), so I wouldn't be guaranteed long term work. + +I'm seeing this as an opportunity to be making real money instead of being bound to low wages. I'm not sure if I should bank on moving up where I'm working now, but I'm also afraid of missing out on learning construction skills which, in my opinion, are worth more than cleaning. + +Thing is I'm actually more concerned about the skillset I'll develop over the long term, and I think learning construction would be a better skill to have over cleaning for the long run. I'm holding onto this job since I'm possibly burning bridges and I wouldn't learn the skills I would need to become a GC down the line (if I choose to take that path). + +I'm also debating whether to take a gap year before I transfer to University next year. + +I need sound advice, thank you. +If bitcoin trades 24/7 but BTCC follows market hours, wouldn't a massive jump in bitcoin outside market hours (like last night) spur an immediate and strong BTCC upswing today? + +If so, could one use this method everytime when Bitcoin trends upwards outside of market hours to predict BTCC movement? Or am I missing something obvious? + +TIA +Lets say I put 100k into XEQT a year ago, what would be the value today? + +And how do I get the growth of other stocks moving forward? + +I apologize for what I assume is such a stupid question to seasoned investors. +I am an investor from Canada. I have some TSX traded ETFs in TFSA. If I want to purchase some ETFs traded in the US Exchanges, does the 15% withholding tax apply to me? + +Is it deducted at the time of realizing the ETF shares that I hold in TFSA or is it already part of the price? +I was wondering if someone could give me a bit of advise on my TFSA as it seems that a lot of the professionals are still somewhat unclear on the certain details surrounding the use of TFSAs. + +I do mainly consulting work for a number of public companies, predominantly penny stocks on the TSX-V, though a shares for debt program I acquired a decent sized position (by my standards) and during a few rough years in the markets (think share price $.02) I was able to transfer it all into my TFSA which maxed it out. + +&#x200B; + +Eventually the company was bought for $.20/share so I did ok. This was over a year ago now. I then took all this money out of the TFSA for a house. + +&#x200B; + +So is my contribution limit in my TFSA based on the amount I withdrew? Not the regular $63,500 (essentially the book value) + +If the contribution limit is this larger amount, and if theoretically I had the funds to make that contribution in full, would it not be smart for me to make that contribution, re invest in dividend paying stocks (probably bank and REITS) and collect the distributions monthly? Would these distributions be completely tax free when taken out monthly or are there some holes in this idea, particularly where the regulations of the TFSA are concerned ? + + +Any insight would be appreciated as I'm neither a tax or investment specialist. +I’m not sure how this works. I want to sell off some of my crypto so that I can put some into my TFSA. But would this still count as a capital loss? I know about Canada’s superficial loss rules although I’m not sure how this would apply because Bitcoin and a Bitcoin ETF are technically not the “same” asset. + +Edit: what’s up with this sub and downvoting everyone? +Hello everyone, this is going to be an exhaustive and long analysis, as long and exhaustive as my knowledge will allow me. All your comments or suggestions are more than welcome, good, or bad, but the important thing is that they contribute to the case. + +*Disclaimer: I´m not even close to being a financial advisor so please do your research and make your own decisions based on what you understand.* + +*Before you ask, I firstly bought 10,000 shares of $BNGO at 1.89. Sold 5,000 at 8.49 and the other 5,000 at 13,59. I now bought 10,000 shares on the latest dip at 6.06.* + +ONE MORE DISCLAIMER: This DD was firstly made with images that I had to remove to fit the subreddit so sorry for some extra links. + +&#x200B; + +**About the company:** + +**BioNano Genomics** is a company committed to unlocking the understanding of genome biology to advance the promise of genomics in areas including cancer and human disease, agricultural bioengineering, and genome discovery. Their next-generation genome mapping and analysis tools help researchers see true genome structure to fill in what’s missing from sequencing-based data. **Saphyr**, their high-speed, high-throughput whole-genome mapping solution, offers unmatched structural variation discovery capabilities and the ability to construct the most complete genome assemblies. + +**Price Target and Analysts Recommendations:** + +Three buys and one hold from analysts covering the stock. Oppenheimer's analyst Kevin DeGeeter maintained a **Buy rating** on February 2021, setting a price target of **$15** which is approximately **75%** above today´s share price of $8.59 (03/18/2021). + +DeGeeter expects BioNano Genomics Inc to post earnings per share (EPS) of -$0.08 for the first quarter of 2021. + +[*https://www.investing.com/news/oppenheimer-stick-to-their-buy-rating-for-bionano-genomics-inc-2411677*](https://www.investing.com/news/oppenheimer-stick-to-their-buy-rating-for-bionano-genomics-inc-2411677) + +&#x200B; + +**Price Target:** + +[https://www.barchart.com/stocks/quotes/BNGO/analyst-ratings](https://www.barchart.com/stocks/quotes/BNGO/analyst-ratings) + +&#x200B; + +**Short, Medium- and Long-Term Indicators:** + +Barchart´s Opinion on the indicators is to hold, 50% buy and 100% buy respectively. + +[https://www.barchart.com/stocks/quotes/BNGO/opinion](https://www.barchart.com/stocks/quotes/BNGO/opinion) + +&#x200B; + +**Management & CEO:** + +&#x200B; + +**CEO Erik Holmlin** + +He has twenty years of experience developing innovative solutions and companies in the life sciences and health care industries. In 2001, Erik led the formation and financing efforts of GeneOhm Sciences, Inc. and orchestrated the company’s acquisition by Becton Dickinson in 2006. + +**COO Mark Oldakowski** + +Mark has a 20-year history of success in the development of systems for the life sciences and medical device industries. Before joining Bionano Genomics, Mark led a global team at Brooks Life Science Systems in the development of sample analyzers, high-throughput screening solutions, and chemical storage and biobank systems. Before his time at Brooks, Mark was with Affymetrix, where he launched the array platform that is widely used today for GWAS and other genomics applications. + +**CFO Christopher Stewart** + +Christopher is a seasoned leader with over 20 years of experience spanning finance, accounting, and strategic planning for many commercial-stage operating businesses. + +Chris has served in several executive roles in both private and public companies as Controller, V.P. of Finance, and CFO. He also has experience with major financing events, acquisitions, and scaling revenues in high-growth tech companies. He joined Bionano from Tesla, where he served as Head of the Maxwell Ultracapacitors business unit after Maxwell Technology was acquired by Tesla. + +**CMO Alka Chaubey, PhD, FACMG** + +Alka is double board-certified in clinical cytogenetics/genomics and clinical molecular genetics/genomics by the American Board of Medical Genetics and Genomics (ABMGG). + +Previously, she was the Head of Cytogenomics at PerkinElmer Genomics, where Dr. Chaubey led the successful development and launch of several innovative products including the CNGnome test (low-pass whole genome sequencing), and a new FSHD assay utilizing Saphyr. She has also played an integral role on the Vanadis team at PerkinElmer in their efforts to bring a new PCR-free NIPT technology to the market. Prior to PerkinElmer Genomics, Dr. Chaubey was the Director of the Cytogenomics Laboratory at the Greenwood Genetic Center, SC, USA. + +**Board of Directors:** + +&#x200B; + +**Chairman Dr. David L. Barker, Ph.D.,** + +Has served on our Board of Directors since May 2010, and as Chairman of our Board of Directors since August 2016. Dr. Barker also serves as a director of AmideBio, Singular Genomics Systems, and Aspen Neuroscience. + +**President Erik Holmlin** (mentioned above) + +**Director Albert Luderer** + +Has three decades of experience in biotechnology, with special focuses on technology, business development, and commercialization. + +**Director Christopher J. Twomey** + +Has served on the board of directors since July 2018. + +**Director Kristiina Vuori, MD, PhD** + +Has served on the board of directors since June 2019. + +**Director Hannah Mamuszka** + +Is the founder and Chief Executive Officer of Alva10, an advisory firm focused on creating partnerships between payors and diagnostic companies to increase the value of diagnostic technology, which she founded in March 2016. + +**Director Yvonne Linney, PhD** + +Founded Linney BioConsulting, an advisory and strategy development firm in the life sciences industry, in January 2019. + +**Financials:** + +The last earnings posted by Bionano was on the 13th of November, 2020. The consensus was ($0.06) and the reported ($0.08). They will report their Q4 financials for 2020 this Tuesday after the market close. The Consensus Estimate is ($0.05) and **in my opinion, there will be a surprise considering 2021 has been a breakthrough year for them.** + +[https://www.marketbeat.com/stocks/NASDAQ/BNGO/earnings/](https://www.marketbeat.com/stocks/NASDAQ/BNGO/earnings/) + +&#x200B; + +**PUT / CALL Ratio:** + +Bionano currently has 0.49 put/call ratio which denotes a bullish sentiment that over the months and years becomes more and more bullish. + +[https://www.barchart.com/stocks/quotes/BNGO/put-call-ratios](https://www.barchart.com/stocks/quotes/BNGO/put-call-ratios) + +&#x200B; + +**Share Statistics:** + +[https://finance.yahoo.com/quote/BNGO/key-statistics?p=BNGO](https://finance.yahoo.com/quote/BNGO/key-statistics?p=BNGO) + +&#x200B; + +If we focus on the **short ratio** we can be calm that shorts are not betting against this company to fall. + +We do see a very low percentage of shares owned by Insiders and Institutions. On the 25th of January, 2021, their CFO Christopher Stewart bought 64,500 shares. Insider buying is generally a positive prognostic and beneficial for the stock's price. Also, when insiders buy stock, less stock is available to the public. If the investing public meets this decreased supply with increased demand, the stock price rises. This might be the start of some Insiders movements in my opinion. + +Moving onto Institutional ownership, Vanguard Group Inc., bought over 7.1 million shares at the end of 2020. They are the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock's iShares. + +&#x200B; + +**Competitors:** + +&#x200B; + +The main three competitors are Fulgent Genetics Inc. ($FLGT), Twist Bioscience Corp. ($TWST), and NeoGenomics Inc. ($NEO). + +Comparing their prices the lowest is after BNGO is NEO with 50.18 per share, FLGT at 105.96 per share, and TWST sitting at 130.29 per share. + +Price aside, let's talk about **Bionano's Saphyr** characteristics that can put them above their competition. + +\- Bionano’s Saphyr system is a research use-only platform for ultra-sensitive and ultra-specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic targets and to streamline the study of changes in chromosomes, which is known as cytogenetics. + +\- Bionano provides genome analysis services to provide access to data generated by the Saphyr system for researchers who prefer not to adopt the Saphyr system in their labs. + +\- A publication of a study by the Human Genome Structural Variation Consortium (HGSVC) revealing that their sequencing method based on PacBio HiFi reads detected only 72% of the large SVs that Bionano’s optical genome mapping (OGM) detected across 32 different human genomes. The consortium developed its custom sequencing method by combining sequencing with PacBio and the single-strand prep and sequencing method StrandSeq to establish a comprehensive catalog of human SVs with base-pair and haplotype resolution. The cost of this method is estimated, based on list pricing, to be between $10,000 and $20,000 per genome. **OGM with Saphyr, which costs less than $500 per genome, was shown to be significantly more sensitive than the sequencing method.** + +\- With the latest update to Saphyr’s software released this week, the instrument can now generate clinical quality SV calls on 12 samples per day per instrument and up to 96 samples per week. For cases requiring higher coverage, like mosaic samples or heterogeneous tumors, the run can be extended up to 24 hours to collect as much as 400x coverage of a human genome for each of the three flowcells. + +\- Per Erik Holmlin “By contrast, Saphyr images molecules that are consistently **20 to 30 times longer than PacBio reads**. Sequencing reads are not getting longer, which we believe implies that Saphyr will remain the only effective and affordable technology currently capable of detecting the structural rearrangements in the genome that are involved in the disease.” + +[*https://www.globenewswire.com/news-release/2020/12/23/2149974/0/en/Publication-Reveals-in-Side-by-Side-Comparison-that-Method-Using-PacBio-Sequencing-Detects-Only-72-of-the-Large-Structural-Variants-Detected-by-Optical-Genome-Mapping-with-Saphyr.html*](https://www.globenewswire.com/news-release/2020/12/23/2149974/0/en/Publication-Reveals-in-Side-by-Side-Comparison-that-Method-Using-PacBio-Sequencing-Detects-Only-72-of-the-Large-Structural-Variants-Detected-by-Optical-Genome-Mapping-with-Saphyr.html) + +\- Saphyr Chip Clip protects sample integrity and eliminates the need for instrument wash cycles between runs. Requires less than 3 minutes hands-on instrument time per chip. Automatic optimization of run conditions based on sample characteristics maximizes throughput. + +\- The Bionano Prep DLS DNA labeling kit provides all the enzymes, dyes, and buffers you need to label non-amplified DNA for Saphyr. Controls for validating the labeling biochemistry are also provided. + +[*https://bionanogenomics.com/products/saphyr/*](https://bionanogenomics.com/products/saphyr/) + +\- In a paper published the 10th of November, 2020, in MedRxiv, a consortium of cytogenetic experts led by Dr. Brynn Levy, Professor of pathology and cell biology at Columbia University and Medical Director of the Clinical Cytogenetics Laboratory at New York Presbyterian Hospital recommended that optical genome mapping (OGM) using Bionano’s Saphyr System be considered as a first-line test for detection and identification of clinically relevant structural variants and copy number variants in leukemias. + +[*https://www.medrxiv.org/content/10.1101/2020.11.07.20227728v1*](https://www.medrxiv.org/content/10.1101/2020.11.07.20227728v1) + +&#x200B; + +**Latests news:** + +&#x200B; + +**Keep on Buying Bionano Stock, Says Analyst Following Healthcare Conference.** + +Validation studies of hematological malignancies and post-natal constitutional disorders have progressed nicely, and management anticipates having data from "no-call" reflex testing in NIPS (noninvasive prenatal screening) later this year and next year for solid tumors. + +The company said that via a combination of better hardware capabilities and software updates that lower the amount of consumables required for each run, Bionano can achieve the goal of a $100 per genome cost in the next-gen Saphyr. + +All in all, DeGeeter reiterates an Outperform (i.e. Buy) rating on BNGO shares along with a $15 price target. Investors are expected to pocket a 69% gain if the analyst’s thesis materializes. + +[*https://finance.yahoo.com/news/keep-buying-bionano-stock-says-184238222.html*](https://finance.yahoo.com/news/keep-buying-bionano-stock-says-184238222.html) + +&#x200B; + +**Why Bionano Genomics (BNGO) Might Surprise This Earnings Season.** + +Bionano Genomics is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for BNGO in this report. + +The Most Accurate Estimate for the current quarter is currently at a loss of 5 cents per share for BNGO, compared to a broader Zacks Consensus Estimate of a loss of 6 cents per share. This suggests that analysts have very recently bumped up their estimates for BNGO, giving the stock a Zacks Earnings ESP of +9.09% heading into earnings season. + +A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns. + +[*https://finance.yahoo.com/news/why-bionano-genomics-bngo-might-135301546.html*](https://finance.yahoo.com/news/why-bionano-genomics-bngo-might-135301546.html) + +&#x200B; + +**TLDR & My plan:** + +I´m currently holding 10k shares and don´t plan to increase my position unless I can get some liquidity tomorrow. The stock already reached $15.69 per share and I see this getting to that point again anytime soon. I plan to hold this long trying to sell high and re-buy on the dips, but mid and long-term show great strength. + +This is a great company with a great product, a product that is cheaper than its competition´s, with greater results and continuously expanding its detection range. + +Let me know what you think in the comments, if something needs to be added or you have medical knowledge that can add to this DD feel free to comment and I´ll add it. +I've been reading up on bitcoin heavily since the wake-up call that was the cyprus banking crises in march 2013. Up to that point I had most of my financial assets in bank deposits, 5% in physical gold, and less than 5% in cash in eur, although we have our own brand of toilet paper: lev (bgn) tied to a fixed exchange rate to eur since 1997 (1 eur = ~ 2BGN). during 1997 bulgaria was going through a huge currency crises with 1 USD reaching 3000 BGN, state pensions going down to $5-10 monthly, salaries of teachers and doctors $20-30 and general mayhem for the 8mil. population at that time as the State was stealing whatever foreign paper currency (usd, deuthche marks mostly) through manipulation of the currency exchange. Since then there has been a currency board established, erasing three zeros from the exchange rate and a newly designed paper money we are still using. The hyperinflation was like a jubilee for all debt holders and a menace for everyone that had savings in local money and not quick enough to convert into other assets. People could by real estate back then for less than $2000-3000 that now easily cost $50-60k! + +17 years later, almost a generation later, into 2014 and another crises is looming ahead as we just had 3th (first investment bank) and 4th largest (bulgarian corporate bank) banks going through bank runs, with the 4th totally frozen since june 20th and the 3rd receiving billions in liquidity to contain the run on deposits. Both banks are among the few left among the 30 operating banks with bulgarian owners which are perceived as highly corrupt. Corporate bank had 6.5bil (3.25bil eur) in assets and has been closed for all its clients as more than 4.5bil are supposedly "missing" through suspicious credits to an inner circle of businesses associated with local party mafia rulers and the bank owners themselves - outright criminal ponzi that was backed by the State, as it had deposited money from large energy companies in Corporate bank to keep its capital requirements within the legal threshold. Now the party rulers are pondering the "idea" of covering all deposits through issuing bonds for all citizens to pay through taxes, even those above 100k eur supposedly protected by law, as to "save" it turns out a lot of deputies in the parliament, prosecutors, judges, famous artists, and the general ruling "elite" who have been collecting 8-9% annual interest for the last 10 years through deposits with maturity every 4 months! From here on I expect things are going to deteriorate badly and with an accelerating force as the local rulers seem to be bent over on raping the country financially for saving their own ass, which is to be expected worldwide as centralization always breeds corruption. + +After the cyprus bank crises, I started dumping bigger chunks of bank money for larger amounts of gold bullion at once, as a hedge against all the political stupidity that seems inevitable when shtf, guaranteed to happen in the current financial system worldwide. Then the news started gaining steam about the rise of BTC during april and it was the first time I started putting hours a day in reading on the subject of what this fuss about BTC was all about. Few days later I was hooked to BTC like on the hardest drugs available on the market! Still, did not buy any, but started spreading the gospel that is the decentralized nature of crypto to all my friends and through heavy spam on facebook. It took me 2 months before I pumped up my partners to accept BTC in the online businesses that I am a cofounder of, with 3 in the Top 100 by daily traffic and 1 in Top 10 in online commerce by revenue. We were the first major sites in BG (june 2013) to accept BTC and doing some excessive marketing on behalf of BTC through huge onsite ads, special rates for btc payments, special badges ala foursquare for btc users, special and highly attractive subscription packages only available for btc, allowing users with site credits to convert them into btc, putting out blog posts on the subject, giving away bonuses to our employees only in btc and so on. Since accepting BTC we have never converted them back into paper money and keep 100% which turned out to be highly profitable, as we have made 5x the amount just by speculating on the rising price of BTC in contrast to any paper money. We are now going to promote BTC further by giving away BTC to our users for certain tasks and promotions. All of my partners are now invested in btc, buying in btc, building an atm, and very acceptive of whatever initiative that we could put out to further spread btc among our 2.5mil. registered combined user base in a country of 4.5mil. total internet users :-) + +Yet, it took me another 4 months in octover 2013 to start buying BTC with my own saved-up money, as I felt highly confident of where I believe BTC is headed, especially after the run on the price thanks to the unlikely culprit ben bernanke's speech in the congress hearing. Ever since then I've been accumulating BTC first by slowly to feel confident of all the security needed to be exercised towards btc long term holdings, then almost daily and now dumping ever larger amounts of fiat paper into btc until I reach a threshold of no more than 25-30% of my assets to be converted into BTC. I've been buying through all the price ups and downs since 10.2013 and am resolved to hold hard for the future no matter the monthly fluctuations. I see BTC as even a greater hedge during turmoil than gold, as BTC can not be stopped by any capital controls, which indians are learning the hard way since their rulers imposed heavy duties on import/export on gold since march 2013. + +I'm confident that bitcoin can weather the storms coming its way being upgradable, needing truly global democratic consensus, being deflationary in an ever more inflationary brands of toilet papers, easy to protect from state actors that look up for miniscule reasons to confiscate or put levy on personal wealth, easy to transport and live by on its own as daily more exchanges and businesses are opening up worldwide, gaining more confidence as a store of value and alternative to bank deposits which are easy pray to bank criminality or the unpredictable market forces that can obliterate depositors relying on 3rd party wealth preservation, the best form of payment for the huge knowledge-based economy and workers worldwide that can finally become totally mobile thanks to internet and decentralized money, accelerating remittance opportunities, great store of value in times of ever increasing state authoritarianism under the weight of sovereign debt explosion and rising social promises that need to be backed by real assets and especially people who are ever more mobile and hard to tax to death as internet+bitcoin turns the planet in a highly competitive marketplace for tax-purposes as to what the different offerings of state rulers are. Looking what is heating in the middle east, west vs russia, currency debasement of the world reserve currency worse than during times of world wars, it's not hard to predict than btc has not way to go but up, even if the nsa tries their best to subvert it, the People will find a way to fix it! +I think its time we take a moment and reflect back on the event, many years ago, that proved bitcoin is unstoppable (at least in the foreseeable future). It seems that the Segwit 2x\\bcash shills have come out of hiding due to the drop in bitcoin's price, as the "bitcoin is terrible as a currency, its too slow" posts and comments have started reappearing + + +The following is much of a repost, but its lore has since been forgot. This new post is a summary of the greatest, most complex attack on Bitcoin yet, that involved every major exchange, mining pool, reddit shilling campaigns, government agents (?) + + +Friendships were broken, but new bonds of brotherhood were forged in the raging furnaces of crypto forums. The epicness of this event makes me laugh at every chode suite and tie commenting on Bitcoin in mainstream news + + +Buckle up buckaroos. + + +Segwit 2X was the equivalent of Goldman Sachs, JPMorgan, every other major bank, the oil cartel (OPEC), colluding to take over the network **BUT FAILING MISERABLY, WITH THEIR TAIL BETWEEN THEIR LEGS, HAVING LOST A FORTUNE TO ACCOMPLISH NOTHING BUT THE RUINATION OF THEIR OWN REPUTATION** + + +[The Darth Vader of Crypto's Official War Declaration](https://preview.redd.it/0zog3kopj8a91.jpg?width=797&format=pjpg&auto=webp&s=c4477b5392e6950d0b9aec1b5b86f6c1880d850d) + + + + +This incident, and the fiasco of the centralised authorities involved (**fuck you Brian Amstrong, you crypto cockroach**, the old timers haven't forgotten where you stood, and have no surprise you sucked daddy government's cock more than willingly: **you deserve to be teabagged with ballsacks dripped in ink that reads "KYC"**) + + +[https:\/\/news.ycombinator.com\/item?id=15867329](https://preview.redd.it/iyvgw5xwn8a91.png?width=1607&format=png&auto=webp&s=efbcd5016ed8d2fb7dcd6c0d41c1982ed07b9006) + + + + +The post below was written by a friend of mine, who was involved in Bitcoin even before I was. I took the liberty of naming and shaming, editing for grammar, linking evidence etc. To give you an idea, he saw Roger Ver shill for Mt Gox [https://www.youtube.com/watch?v=UP1YsMlrfF0&list=PPSV&ab\_channel=RogerVer](https://www.youtube.com/watch?v=UP1YsMlrfF0&list=PPSV&ab_channel=RogerVer) + + +Who is still fetid excuse of a human being? Who is this nerdy Chinese Darth Vader, inciting incest? All shall be revealed: grab your popcorn and let's take it back to 2017 \*retro 2017 music starts playing\* + + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + + +# *Must read for newcomers* My friend worked in the Bitcoin industry for a couple of years and has been involved in the crypto world since 2014. This is what he had to say about the recent politics of btc when someone asked him on our crypto trading channel + +(He first sent this article [https://medium.com/@StopAndDecrypt/thats-not-bitcoin-this-is-bitcoin-95f05a6fd6c2](https://medium.com/@StopAndDecrypt/thats-not-bitcoin-this-is-bitcoin-95f05a6fd6c2), then followed up with this reply when someone told him he had no idea what he just read) + +"There was a big scaling debate and in the end there were two sides. **Those that wanted to scale using bigger blocksize** (short term solution that doesn't work long term and also causes more centralization) **vs those who wanted to scale using changes in the code to make the network more efficient** aka SEGWIT+second layer scaling solutions (bitcoin becomes massive settlement layer, and second layer solutions can take care of verifying your $3.25 coffee payment). + +On the big block side you had (most) miners because they were only able to see the short term benefits of increased blocksize and they do not care about network centralization. Also, a chinese miner, **Jihan Wu, controlling a sizeable chunk of the network's hashrate, had access to (and was in the process of patenting) this technology called ASICBOOST** which is an exploit in bitcoin code that allows you to "cheat" and get extra hashing power out of your miners**. Essentially they had an unfair advantage and the KEY is that the segwit upgrade fixes this exploit.** + + +Alongside these **miners you had a couple of misguided (but incredibly wealthy because of early adoption) individuals** who either have a reason to see bitcoin fail (like they are heavily invested in altcoins now) or they are too pigheaded to back down when wrong (or some of them I'm sure are not actually intelligent enough to understand they are wrong). + +**On the Segwit side you had all the core developers** (the guys who worked side by side with satoshi to build all this and have been contributing to the code for years every day), **the majority of the userbase, AND the vast majority of bitcoin companies. The two sides were basically arguing over who had control over bitcoin - was it the miners, or was it the users?** Was it those who chose which software to run (users) or was it those who verified transactions for that software (miners)? **(The answer as you will see shortly is Users).** + + +So basically these miners were stalling the upgrade because it would mean the end of their unfair (AND patented) advantage. **This massive stalemate in the debate caused a community led uprising known as the User Activated Soft Fork movement (UASF).** These guys basically said "We're switching our nodes to Segwit software starting Aug 1 and we will be rejecting all mined blocks that do not comply with the new code". **This forced the miners' hand as they realized they would either be forked off the network or have to go along with the new upgrade** to make sure everything continued to go smoothly (including their profits). + +The movement gained enough support to freak out some big money bitcoin CEOs who got together in a room with the miners and made a deal behind closed doors known as the **New York Agreement (NYA). This is where Segwit2x was born**. **The key to note here is that not a single core dev was invited to this meeting** (in fact, not a single competent dev in general was invited). The terms of the deal were: **You guys agree to implement Segwit now, and then we'll agree to an increase in block size later.** Deal was made and obviously the majority of the user community was in an uproar because bitcoiners hate closed door deals (and they should for good reason). + +That being said, it got **Segwit activated because it gave miners an easy way to safe face and go with segwit and the community instead of seeing their profits get wrecked by a messy chainsplit**. However, do you remember that sneaky miner who had patented the ASICBOOST technology? Well he was part of the NYA and he decided to fork off anyway and create Bitcoin Cash. **So stop right here and realize that the only reason we have bitcoin cash is so that some miner, Jihan Wu, with a ton of hashing power could keep his unfair advantage over the network** (he stills mainly mines bitcoin by the way because he would go out of business if he switched entirely to bitcoin cash). Also at this point, technically the **NYA was broken** because the whole point of it was to avoid a chainsplit and go with segwit followed by a block size increase whereas bitcoin cash was a clear chainsplit. + +So for a few months everything was ok because we had Segwit, core devs were still with us, and (supposedly) anyone who wanted bigger blocks had forked off to bitcoin cash right? **Wrong. See it turns out that those guys who made that backroom deal with the miners also had their own interests which involve removing the current core developers from their (imagined) seat of power.** It is classic old school business politics - they don't care that core the devs are based around principles of meritocracy and peer review. They just want to have more of a say in the direction bitcoin takes. At this point, you might be thinking, "Ok but its fair for companies who use a product to have a say in its development, right?" **NO. Not when the "product" at stake is meant to be an incredibly secure, incorruptible ledger that can hold trillions of dollars in wealth and still be hosted online accross the world.** + +The fact is that no one understands the code better than the core developers and no one has more of an interest in seeing bitcoin stay decentralized and secure than these guys do. **These guys literally cum buckets everyday to how much they love coding bitcoin.** If Satoshi is Cypher Jesus then these guys are his Apostles. And on the other hand you have some **severely misguided corporate buffoons who think they have the knowledge to negotiate a compromise with a group who has nothing but short term profit in their sights**. And when the core developers are like "wtf dude?" and the community stands behind them, then these guys resort to essentially trying to kick core out of bitcoin by starting a new chain. **A new chain which was based on a compromise that no one wants or needs anymore.** And the excuse these CEO's are hiding behind is "We don't want to go back on our word." Classic business mindset vs coding mindset. + +ur word." Classic business mindset vs coding mindset. + +Now we come to the current situation where there are basically 4 sides + +1. **Core developers, and those supporting them** +2. **The (remaining) signers of the NYA and those supporting Segwit2x** +3. **Malicious third parties who just want to see bitcoin fail (invested in altcoins/bitcoin cash or they are the Joker and just want to see shit burn)** +4. **Innocent bystanders** + +The core developers are continuing to code and improve bitcoin and they are working on second layer solutions. They haven't stopped development and have actually made a TON of beneficial changes to the code since the Segwit upgrade allowed them to. Being non-political or atleast being shit politicians, these guys do not know how to handle themselves with other people and either don't speak much or come off as pretentious d\*bags (trust me I used to hate them before I smartened up). + +The remaining NYA signers. I say remaining because alot of companies left when they saw the massive backlash from the community. **The only signers left are miners and then a group of around 30 companies which all have ties to Barry Silbert's holding company Digital Currency Group and suprise surprise who do you think got that NYA meeting together in the first place? Silly Silbert** indeed. He's basically trying to do a sort of corporate take over of bitcoin where he decides who is writing the code and how they write it. Oh also I should note here that **these guys have 1 developer working on the Segwit2x code. Yes 1, Jeff Garzik**. Coding ability? Mediocre at best. All he did was copy and paste the entire bitcoin core code (because its open source) and changed the one little value that dictates block size. He changed a 1 to a 2 haha! And **when he tried to make other changes he made critical mistakes that had to be fixed by CORE DEVELOPERS** hahahaha! So how the f\* does that even compare to an army of geeks who have been coding bitcoin for years and coding in general for decades who are all constantly trying to find mistakes in each others' work. SO people supporting Segwit2x are either severely misguided, hate core devs, or don't have all the information to make an informed decision. + +Now the malicious actors. These are people who have a **vested interest in seeing bitcoin crumble. I'm talking about big altcoin investors and bitcoin cash supporters** (yes the guys who have ASICBOOST and want are the reason for this whole mess in the first place). And Segwit2x has presented them with a beautiful vector of attack. Divide and conquer. Right? And whereas with bitcoin cash there was replay protection (meaning the split was pretty clean and bitcoin was largely unaffected) this time they haven't got any planned - so should things go through as planned, things could get messy. + +Then you have all those **innocent bystanders** who don't really know what to think anymore. Things have gotten so convoluted and complicated that it is hard to follow who wants what anymore. These are the people who will get the most fucked by something like Segwit2x because they won't understand the risks as it is happening and they won't have the knowledge to know which wallets to support. **Imagine Segwit2x happens and one wallet sticks with the core version of bitcoin and the other wallet supports the segwit2x version but they both just say "Bitcoin".** + +That is why people are soooooooooooooo strongly opposed to Segwit2x more than anything. **It is nothing more and nothing less than a hostile takeover attempt.** And at this point that should be more than clear because why else would you still support the compromise made with miners who broke the compromise by creating bitcoin cash? **No one wanted Segwit2x in the first place. People wanted bigger blocks, or segwit, not both**. Segwit2x was never a faction in the debate. It was a faction that was spawned by those who created the **New York Agreement** because they saw an **opportunity take control of the software development** from a group of developers who have been working on it for years and who strongly oppose corporate interests getting involved in bitcoin development." + +(I will name and shame the main malicious\\misguided actors and add details based on personal discussion with him and add articles for further reading) + +**Barry Silbert** + +* legit wants btc to succeed but he is also a corporate fool: used to be an investment banker and doesn't know dick about coding +* hates core developers because they are pro decentralization over ease of use for businesses +* misguided +* further reading: [https://medium.com/@charlescmackay/barry-silbert-and-the-cost-of-bitcoins-malfeasance-culture-f83d15ad07d1](https://medium.com/@charlescmackay/barry-silbert-and-the-cost-of-bitcoins-malfeasance-culture-f83d15ad07d1) + +**Erik Vorhees** + +* similar situation as Barry Sillbert +* misguided +* [https://www.reddit.com/r/Bitcoin/comments/72x8m6/an\_open\_letter\_to\_erik\_voorhees/](https://www.reddit.com/r/Bitcoin/comments/72x8m6/an_open_letter_to_erik_voorhees/) (check out the post and the critiques in the comments) + +**Jeff Garzik** + +* already talked about in the post +* misguided + +**Roger Ver** + +* former "btc jesus", early adopter, hardcore libertarian +* got into altcoins and now became "btc antichrist". uses wealth and power to try and ruin btc whenever he can +* always came across as a "huge fake pussy" even before he revealed himself to be a bitcoin basher +* malicious actor, "fraud" +* [https://medium.com/@WhalePanda/roger-ver-from-bitcoin-jesus-to-bitcoin-antichrist-69fc7a17c622](https://medium.com/@WhalePanda/roger-ver-from-bitcoin-jesus-to-bitcoin-antichrist-69fc7a17c622) + +**Jihan Wu** + +* only wants more money and power +* controls shitload of hashing power, got all sorts of alternate agendas (conspiracy theory he is aligned with the Chinese government\\subsidized by them) +* tried to exploit ASICBOOST to get unfair advantage and dominate hashrate even harder +* malicious actor + +[https://medium.com/@WhalePanda/asicboost-the-reason-why-bitmain-blocked-segwit-901fd346ee9f](https://medium.com/@WhalePanda/asicboost-the-reason-why-bitmain-blocked-segwit-901fd346ee9f) + +there you guys have it, a comprehensive rundown of bitcoin politics from the point of view of someone who supports the original vision of Satoshi Nakamoto to the core. I hope it informs those of you who got confused by the FUD. + +**Bitcoin belongs to the community, always and forever** +**----------------------------------------------------------------------------------------------------------------------------------------------------** + +*Post Scriptum*: the attack was called off in humiliation on ***November 8th, 2017: Bitcoin's Independence Day*** from the centralized entities, whose equivalent in the fiat world, control the wolrd with an iron vice grip. This is why, **even if all exchanges burn to the ground, government tries to take over miners, bla bla bli bla bla bla, Bitcoin will be fine, has always been fine, and will continue to be fine** + + + + + +[Note how the whole \\"movement\\" was called off by 6 people](https://preview.redd.it/ne3pangnq8a91.png?width=817&format=png&auto=webp&s=aa357245553e1ec271a0c72a785485b4d957fabc) + +**Once More: Bitcoin belongs to the community, always and forever: the USD price, the big businesses acting like they own Bitcoin, the constant FUD, can suck our collective HODLER cock** + + +[The Fate That Awaits All Those That Think They Can Co-Opt Bitcoin](https://i.redd.it/9euyzb0tj8a91.gif) +Recently spoke to a mate who said that the planning and building standard laws have changed recently meaning that new apartments should be build to a higher standard. I've always wanted to a buy a house but with interest rates rises on the horizon I'm considering downsizing my dream and purchasing an apartment. My biggest concern is that apartments in Sydney have a pretty bad track record, with cracking and shoddy workmanship. My question is; do you think these new laws will rectify the issue of low quality builds? And for those in the building industry, have you seen changes in how things are done since these laws have been introduced? +Hi All, + +&#x200B; + +I have just stumbled across this subreddit and it is perfect timing as I will be turning 25 in 6 months and thought it is better now than never to start looking into my future (i.e. investments and everything). Thinking of investing around 5K and then whatever I get back after tax. I am fairly new to all of this btw. + +&#x200B; + +I have read the barefoot investor and online blogs and started to listen to some podcasts, and a common trend I see is they recommend to invest in Index funds particularly Vanguard (VTSAX). However, I am unsure how to do this and am a bit confused. How do I go about buying index funds do I make a commsec and what do I look up to find the index funds? or do I go to the Vanguard website (i.e. [https://investor.vanguard.com/mutual-funds/profile/vtsax](https://investor.vanguard.com/mutual-funds/profile/vtsax) ) and sign up through them and do everything? I would also like to be able to automatically reinvest my dividends back into the company and buy shares, how do I go about doing this? + +&#x200B; + +A second thing, when I turned 18 my grandpa gave me the following shares as a present (have just left them along over the years). What are your thoughts on the shares, should I just keep them and keep getting the dividends or would I be better off selling some of them and reinvest them (i.e. index funds or something else)? + +&#x200B; + +Purchasing Shares (Note: this is what my grandpa paid for them) + +|Company|\# of Units|Price per share|Total Cost| +|:-|:-|:-|:-| +|Telstra|440|$4.50|$1,980.00| +|Bendigo|195|$10.12|$1,973.40| +|Westfarmers|100|$39.82|$3981.50| +|Coles|100|$00|$00 (got these for free when they split from westfarmers)| + +&#x200B; + +Current Selling Price (As of 14/06/2019) + +|Company|\# of Units|Selling Price per share|Total Sold| +|:-|:-|:-|:-| +|Telstra|440|$3.87|$1,702.80| +|Bendigo|195|$11.48|$2,238.60| +|Westfarmers|100|$35.66|$3,666.00| +|Coles|100|$13.01|$1,304.00| + +Edit 1: huge thanks to everyone that commented with helpful advice. I really appreciate it +So, I'm about to take a job building a gas plant in WA. While the hourly rate isn't spectacular, because ill be working in a remote location four weeks on, one off, 10-12 hours a day, my annual salary will be $140,000 AUD after tax. + +I am, however, fucking shit at finances. My family always lived paycheck to paycheck, i never took the time to learn money management, and ive spent years pretty much fucking about, drifting and studying. I want to save up for a large deposit on a house (looking at around $450,000... A deposit of $100,000). + +Im mid-thirties, no spouse or dependents, and ive onky got a few thousand in savings. I've just given up my rental place. I also have about $10000 in credit card debt, which is the first thing i will be paying off. + +After that, what sort of things can i do to maximize and ensure + +All thoughts gratefully received. +I’m 21, earning ~$70k p.a. Monthly I am able to save $2100 which I leave in a 3% account. +I invest $400 a month too, entirely index funds/ETFs. A small portion allocated to my small business I’m beginning to grow. + +Having around $20k in the bank and $17k shares. Is that a healthy split? I’ve been considering increasing the invested portion while my expenses remain low for the next few years. I’d love to hear what you’d do in a similar situation. + +Cheers! +It's been a wild year with some wild opportunities. Some people sat on that opportunity, some people squandered it, others took advantage of it. Let's brag about it. What about you? What's the coolest thing you've done this year with your crypto? + +Did you buy a lambo? + +Did you fund a charity? + +Did you write a smart contract? + +Did you create your own token? + +Did you short something for the first time? + +Did you 10x your portfolio? + +Did you hodl like a champ? + +Did you take an online course about finance or cypto? + +Did you convince a family member or friend to invest without hurting the relationship? + +Did you buy your spouse something awesome with those sweet gains? + +Did you invest in yourself? + +No 10x or lambo for me, but I did hodl like a champ and bought my spouse a spa/hotel stay away for Christmas. However, my brag is that I was able to tip 130 users their first moon despite not being a moon whale (see image below). Others have tipped way more, but I'm still proud to have been welcoming to so many users... and who doesn't love being their first? + +[Visit ccmoons dot com for more interesting moon data!](https://preview.redd.it/52tr87tr8i881.png?width=680&format=png&auto=webp&s=ce03572e40fddd4a73ad4fb51ecd4c8f08abeeef) + +TLDR: Title says it all, my brag is about tipping 130 first moons to users. +I know this may sound conspiracy theoristy but trust me, governments all over the world are now doing everything in their power to control your finances, what you are allowed and not allowed to do. This needs to change. This started with the US government [blacklisting](https://www.coindesk.com/policy/2022/08/08/crypto-mixing-service-tornado-cash-blacklisted-by-us-treasury/) tornado cash while claiming it is a threat to national security. Then, as some of you know, the tornado cash developer has been [arrested](https://cointelegraph.com/news/dutch-authorities-arrest-suspected-tornado-cash-developer) in Amsterdam. The government has started its crackdown against crypto privacy by claiming that everyone who used tornado cash is a terrorist or some shit. Now the tornado cash discord is down. hmm + +Idk what your plans are, but mine are to hold some monero and maybe have a boating accident lmaoo. What are your guys' plans? +“Bitcoin is a currency created by this guy called Satoshi and he basically hid them all around the internet for people to find” 🤦‍♂️ + +This guy is a has a successful gaming YT channel. So he is somewhat techie. + +People, you are early. You just need to hodl and not sell your top-tier crypto to wealthy investors who have put their monetary energy into a Fiat system. +A little about me: + +I live in CA + +Go to online mortuary school full time + +Work 75 hours a week between 2 jobs and only pull in about $4,000/m a.t. + +I'm struggling to keep my head above the water financially. Currently most of my money goes towards bills/needs. I'm only capable of saving about $800/m, and right now, I'm catching up on bills and have $0 in savings. I have a two week trip to CO I need to take in April for school (our labs have to be in person), but don't know if I'll be able to afford it, and it's a constant stressor for me. I've estimated I'll need about $5,000 in between gas, car rental, and hotel. I'm supposed to graduate next summer, but without the labs I can't. I have bad-fair credit and can't get approved for any large loans and no family or well-to-do friends I can ask for help. My phone also just broke, so there's another $300 I need to spend. Also, my car needs to be fixed, and that's $2,500 I don't have. I'm just praying it lasts at least til April. I can't really start saving money until the end of December, and that all will be going towards my trip. I'm just tired. Tired of stressing about money, tired of working hours I don't want to work with nothing to show for it. I just wish I could relax. +The only other method would be manipulating ETFs, which we saw early on. I wonder if that explains the pump on the tokens over the weekend. Either way, a true DRS’d share of any meme stock could soon turn into the most valuable security out there. Buy, hold, drs. See y’all on the moon +If the New York law takes effect requiring that funds not touched in 5 years be handed over to the State of New York I request that by default all accounts include a pre-approved beneficiary if funds aren't touched for 4.5 years. + +For example; upon signing up for a coinbase account you should have to select a desired beneficiary. Either enter a bitcoin address of your choosing, or select a charity from the list (i.e. Sean's Outpost). If your account isn't touched in 4.5 years coinbase must send your balance to the selected address or charity. + +We don't want to fund the state; we'd much rather the money goes to a good charity. +I recently took a $250 loss on SQQQ after underestimating the strength of this bear market relief rally. I then made that back and more on NVDA but exited NVDA WAY TOO EARLY once my P/L was above $300 and covered my previous loss. + +However, anyone following NVDA right now knows that 157.91 was a terrible exit after it butst through the pivot point at 157.31. + +I implore you all: ONLY TRADE the technicals. Forget about how much you lost or won on the previous trade or day. ALL that matters is what's right in front of right now. Do this, and the profits will come. + +https://preview.redd.it/45few7vv0da91.png?width=2762&format=png&auto=webp&s=1bc26af0882c2d3ef4b3606540a235af2effc585 +We all know Bitcoin and Ethereum are the safest bets. But they aren't going to net you 50x gains in a couple years. So your other option is alts. Putting a few thousand bucks in an alt coin with a low market cap and hope you get lucky. + +What do you think? +# PREFACE + +I labeled this "speculation" even though it is largely based on research and evidence, I am still speculating on the future. Before you continue, I want to be clear that this is not your average tinfoil speculation. This is a theory built around “The Dollar Milkshake Theory”, world history, geopolitics, current events, and of course, our favorite stock. The current events have been anxiety-inducing and straight up depressing, but hopefully I can offer some perspective. If you disagree with me, please present and argument as to why you disagree. Don’t just call me a tinfoil nut. This is speculation is well researched, and I can back it up with sources. You’ll see how this all ties into our favorite stock later. + +Please bear with me as I will be giving you a brief history lesson in order to lay out my ideas. There are also couple sources that you should read/watch first to better understand the concepts I am about to label out to you. + +* You absolutely need to read u/peruvian_bull’s “Dollar Endgame Series before you continue. If you don’t my post will make no sense. Reading it from front to end (NOT TLDR) will help you better understand what I am about to lay out. +* [The Dollar Milkshake Theory by Brent Johnson of Santiago Capital](https://www.youtube.com/watch?v=xxzy3sLs4Bs) (which is referenced several times in u/peruvian_bull’s DD. MUST WATCH. This video is EXCELLENT at explaining what we are experiencing right now. +* (optional, but very helpful) - [Ray Dalio’s “Principles for Dealing with the Changing World](https://www.youtube.com/watch?v=xguam0TKMw8). When watching, pay particular attention his presentation of historical events which drives his thesis. He does a great job laying out his thesis on the “Shifting World Order”. This thesis argues that empires exist in this cyclical cycle. If you watch any of Ray Dalio’s other stuff, you will know that he is largely pro-China. He fails to consider the weakness of autocratic governments, and of course, The Black Swan. + +# MONEY IS POWER + +https://preview.redd.it/mp3n2yy934r91.jpg?width=595&format=pjpg&auto=webp&s=91d3062808fd0d941b0fa28ea5001959cc45fd07 + +"Money is power." This has been the way of our species since the formation of early societies. Civilization began in Mesopotamia, a region which is now modern-day Iraq. This region, responsible for the first “civilized humans” was the first region to be known as the “cradle of civilization”. The definition of a civilization is depends on the Historian you talk to, but the vast majority of historians agree that Mesopotamia was the first. Paleolithic humans began arriving in the fertile flood-plains between the rivers Tigris and Euphrates, eventually settlements were humans adapted to begin to rely on agriculture, rather than hunting-gathering in order to survive. + +We can look here, to the first moments of civilization to understand the consistency of human nature and the importance of wealth. In Mesopotamia, the upper classes included (but was not limited to) the upper class were the kings, the land-owning families, priests and priestesses and their families. Although the proof is lost to history, it can be presumed that the first upper class/lower class in Mesopotamia was a direct result of the first humans settling there. In simpler words, the first humans who settled in Mesopotamia assumed ownership of the land. After settling, they would have likely employed (or enslaved) others to farm their lands. + +For centuries, empires would draw their wealth from the lands and resources they controlled. And for centuries, countless wars would be fought over the wealth of this land. The more land you owned, the more powerful you were. Kings drew power from the land. They understood that if you control the land, you control the people and all future resources that land can generate for you. However, we can be more specific. We can say that humans have drawn their power from their wealth. + +This is the reason for the countless wars fought in our short human history. This is consistent until the birth of the Fed and the domination of the USD (see u/peruvian_bull's DD). + +After beating the British (with the aid of the French and Spanish ofc), the Americans would go through a tumultuous period where they tried to figure out how to rule their country. This of course culminated in the American Constitution and the birth of our current financial system. + +Alexander Hamilton, perhaps the least talked about, and arguably the most important Founding Father in American History, recognized that the country needed to be wealthy in order to be strong. This presented the need for a stronger Federal Government. This represents a point in time where the importance of land in wealth was diminishing, and the idea that “money is power” was materially reflected in an empire. + +A prolonged period of peace begun upon the conclusion of the Napoleonic Wars in 1815, where the world would begin a rapid period of globalization. International trade exploded as the Industrial Age begun. The population began to explode as the standard of living increased. America was growing at a faster rate than any other country. + +Here is where I would like to refer you to u/peruvian_bull’s series of DD. He does a great job at explaining the history of the system that we live in, and how the system benefits the USA, and how this entire system is coming crashing down. + +**The most consistent theme in human history is, “Money is Power”.** + +# A NEW WORLD ORDER? + +https://preview.redd.it/9ge8rgfv34r91.png?width=829&format=png&auto=webp&s=f95a8b52118b9373a8d2dc29af5aac942ab2350e + +The endless cycle of empires. This is what Ray Dalio’s video “Principles for Dealing with Changing World Order” talks about. Although he only presents examples from the last 500 years, the concept can be applied to most empires in our human history. With a few exceptions, the birth and death of empires will generally follow this model. + +If you have read the DD, you can already think of examples. And I also know what you’re thinking… Yup, the American Empire. Did you know that the average life of an empire is 250 years? + +American Revolution 1776. Current year 2022. You do the math. + +As u/peruvian_bull talks about in his DD, the current system creates artificial demand for the USD. In this system, the US runs a trade deficit, and has the opportunity to borrow at extremely low rates in order to satisfy the international demand for the dollar. This is effectively an economic empire, where the US systematically colonizes the wealth of other countries. + +This same very system is collapsing in front of our eyes. This is a system that the governments and elites understand very well. I believe that the Great Recession of 2008 revealed to China and Russia the weakness in the American Financial System, one that they would attempt to take advantage of to establish “A New World Order.” + +After 2008, we saw a rise of Chinese and Russian involvement and antagonism to a level never before seen. The Russian and Chinese would seek to weaken the US, using methods that they have never used in the past. Particularily effective was their disinformation war, resulting in a never before seen left-right divide in American politics. Putler and Winnie the Pooh would seek to divide and de-stabilize the west. They would do this by conducting an vast disinformation war, running so-called “Russian Troll Farms” and meddling in American elections. By weakening the west, they increased the chances that they see the rise of their own empire. + +# THE DICTATOR TRAP + +Russia and China however, fell victim to their own system. Autocratic governments operate on fear. Fear is what keeps the leaders in power. Fear is also toxic to your system. It lets corruption spread slowly, and then very rapidly. It spreads to the point that you can find corruption in every corner. This corruption and fear eventually result in the downfall. We see it today. Let’s take a look at China and Russia. Here I will speculate a bit, but given what we know about the Dollar Milkshake Theory, I believe that most of Russia’s and China’s geopolitical plays in the past decade can be explained by it. Let’s take a look at each country and attempt to explain their geopolitcal moves. + +In Russia, Putler has been failed by his system and his advisors because of the fear he instilled in them. If he didn’t hear what he liked, you could be sure there would see be a news article about another man falling out of a window tomorrow morning. (and that man was going to be you). This created a culture where important information, despite being shitty information, can be witheld from the leadership. This is something that has probably been going on to varying extent, and a large contributing psychological factor that led to the collapse of the Soviet Union. Putler likely has poor transparency of his entire country. This led to his greatest miscalculation. The invasion of Ukraine. + +I believe it was Putler’s intent to use the war in Ukraine to further destabilize and divide the west. His poor intelligence, a symptom of his system will result in his downfall. By attacking the west, he intended to turn the Western countries on each other, just as he did with the annexation of Crimea. I believe his recent escalation of actions, (sham referendum, nuclear threats, nordstream1/2??) are a double/triple/quadruple down in an attempt to weaken the west further, gambling to rise as a victor from the collapse of the US Government. + +China was the same. This is kinda tin-foil, but I think that China took on all that debt knowing that the system was going to collapse. They allowed for the ponzi-scheme that is the Chinese Housing Market to grow to an obviously systemically dangerous point. They did this ALL while servicing unpayable debt in the high-speed rail system to improve their infrastructure. They did this rapidly, without regard for profits. They burned endless amounts of money, taking on debt that surely would never be paid back. They burned billions by in grants to companies, trying become the dominant player in the EV markets. + +I believe the Chinese tried to take the “roadmap for a successful country”, picked the things that made a country look outwardly modern, and took on debt to drive those projects. It explains the reasoning behind the “Belt and Road” project, and all the costly (and horrible) investments in countries such as Malaysia, Sri Lanka, and Africa which have objectively been a complete failure. If you understand Chinese culture, this makes sense. They are typically more concerned with the “outward appearance of doing the right thing”, rather than doing the right thing. This is true for a Chinese individual, and is also true for the CCP. The projects that the CCP have pushed are an attempt to estabilish China as a replacement for America in the world order following the collapse of the American Empire. They are GAMBLING on being the strongest nation standing after the collapse. Despite this, the Chinese look as weak as ever. They have failed on their “Zero Covid Policy”, and failed with Taiwan. If you have seen the corruption in Russia’s military and think for a second that isn’t the same case in China, then you fail to recognize the weaknesses of an Autocratic system. China is in no position to fight WWIII, let alone Taiwan. + +# GMERICA: THE BLACK SWAN + +This is the TRUE black swan event that I believe will push the world order. This decentralized revolution against the rich not only takes their wealth, it threatens to expose their crimes to the entire world. + +Inflation is horrible right now, and Dollar Milkshake Theory tells us we are headed straight for financial collapse. What China and Russia doesn’t know(or maybe they do but continue to gamble, familiar?), is that underneath America’s anus is a small group of redditors from around the world, ready to rip URANUS open. The system that the Americans have used to enslave most of the world will be exposed for everyone to see. When it all comes crashing down and GME is way past Uranus, the world will be watching. + +In a world where the financial system has effectively collapsed (or is collapsing), there will be uprisings and chaos across the globe. There will be protests, there will be violence, and governments will be toppled. In these times, I believe the countries who have had their internet access restricted by their governments (China, Russia, Iran, etc.) will finally be able to access news from across the world. They will see the story of the apes and how they defeated wallstreet. + +This would all be happening in a hyperinflationary environment. When a currency collapses and it’s value is destroyed, people typically rush to assets and commodities. In Weimar Germany, people would spend their salary the instant they got it, as it could be worth 50%, 100%, or even 200%+ less in the following days and weeks. In our world, this rush of assets would occur as well. Myself and others are also expecting a rush of wealth into cryptocurrencies such as BTC and ETH due to their limited/deflationary properties. + +There will be a need for a new financial system. I think I’ve heard of a company building this? The financial system will come out, and be quickly adopted by the world as it gets rid of fiat. Countries around the world will follow the lead of the US, and quickly adopt this decentralized system. This system will provide economic equality to ALL countries. The citizens of Russia and China are already resentful of their own institutions. There will be pain and violence, but I believe the institutions that replace the current ones will use a decentralized blockchain. + +All of this while apes will have sucked up a significant amount of wealth from the ruling elite, ready to help heal the planet and heal our society. **Money is POWER, and apes will be wielding it. What apes do after is OUR legacy. THIS IS THE NEW WORLD ORDER.** + +**I BELIEVE THAT RYAN COHEN KNOWS THIS. THE BEST TIME TO BE ALIVE IN HISTORY IS NOW.** + +GME is so fucking deep value that selling a share with this sort of business proposition isn’t even logical. I love my shares. Why even sell? You guys talking about selling??? Power to the players. Power to the people. Power to the collectors. NFA. + +If you disagree with my conclusions, **please tell me why.** I think this is the endgame. As always, buy, hodl, DRS. Let's change the world. + +**TLDR:** Because of hyperinflation as described by the Dollar Milkshake Theory, the world has begun on a path of no return to financial collapse. Due to extreme wealth disparity and widespread corruption, the world’s institutions are all about to collapse against the will of their people. In some nations it has already begun (Iran). The Decentralized Revolution that takes down Wallstreet will provide precedence for the entire world to adopt a decentralized blockchain as standard payment. This will usher in an era of economic equality. A new world order. + +**GameStop and it's partners are strategically positioned to usher in the world of Decentralized Finance (GMERICA) and Decentralized Entertainment (GME Entertainment). Apes are the Decentralized Revolution.** + +edit: I think some of you disagree with my perspective on geopolitics. That is completely opinion, and tbh, my opinion doesn't matter much. My point is that the current institutions in power are falling, all of them. Who cares which side they are on at this point. They are all fucking corrupt. I'm saying that apes are tearing down the system. A New World Order. +"Fidelity, a mutual fund that invested in Snapchat as part of a more than $500 million Series F round of fundraising earlier this year, has quietly marked down the value of its stake in the company by about 25% in the most recent quarter, according to quarterly portfolio holdings reports filed with the Securities and Exchange Commission." http://mashable.com/2015/11/10/snapchat-tech-valuations/?utm_cid=mash-com-fb-socmed-link%23t0nuCQ01lgqE#MXffgoWihgqF +Hey all, I (27m) am a single dad to my son (3) and I have been struggling to support us for a while now. We have 0 financial help, and I don't have anyone to even watch him so I could door dash after work. (I have roommates but they aren't very willing to assist with that) I'm wondering what I have available to me to get me out of this rut. I need to go to school to be able to make more, but I struggle to hit bills every month. Already on food stamps, and a lot of grants in my state (GA) for single parents are just for women for some reason? I'm not sure where to look for help. No support from the mother, thanks in advance. +You want out of the city life. You and your spouse work-from-home full-time. You're looking for land, out in nature, with a new or newer (<5 year old) detached home. Obviously not so far that it would be impossible to travel to a hospital or access basis necessities - but at least 50kms outside of any major city centre. + +Where are some of the best real estate opportunities in Canada right now for those of us working from home, and looking to move completely away from city life? + +Both from an investing and quality of life perspective. +What are your guys thoughts on Alex's yt channel passive income investing? Him and his wife basically are retired in their 30s living off dividend income from mostly covered call and other strategic high yielding dividends. + + +Do you think this is a good strategy or too risky if you have that kind of captial to get started. +Noob Investor here + +Some pre question information: 34 yrs old, make $150,000 a year Honestly don't know if I will make higher salary in future but its possible through promotions, have a Pension Plan through work, own a house. + +I have recently been educating myself on investing by reading books such as millionaire teacher, and learning Canadian couch potato method. + +up until recently I have never put any money away in registered accounts so I have significant contribution room in both accounts (TFSA & RRSP). + +because I have pension plan through work I believe I can accept some extra risk in my personal portfolio and have built myself a plan. + +In one registered account I plan to follow couch potato method by adding $1000 per month towards 25% split between VUN, VCN, VI, VAB and can rebalance once a year if need be. This way as I get older I can allocate more towards bonds easily. + +in the 2nd registered account i want to add $600 per month 100% VEQT + +Now I have recently learned, ETF's with US holdings have a 15% holdback in TFSA, but not RRSP. With that said both registered accounts would have US holdings. This got me thinking (maybe overthinking) + +which brings me to my question... is there strategy I may be missing or not thinking about where it is beneficial to put to the couch potato in one account over the other (TFSA over RRSP) or the other way around or vice versa for the VEQT? + +Or does it really not matter which one goes into RRSP and which one into TFSA + +Thanks in advance for taking the time to read all of this. + +Edit: also would it be beneficial for me to add more money to one account over the other? +Hello, + +I’m curious and value collaborative insight on different investments and strategies. + +I want to hear your best: + +1.) bear thesis on the “shroom boom” in general. + +2.) bear thesis on specific tickers, I’m particularly interested to hear opinions on MMED, NUMI, and CMPS. + +Full disclosure, I have made a significant (to me) amount of money value investing in some companies (using the term “value” very thinly here) in the space. More importantly now that I’m in the process of rebalancing my portfolio I want to understand bear cases to get a more balanced perspective on this paradigm we’re experiencing. + +All opinions, due diligence, and perspectives welcome. +It's incredible spending years trying to diversify, understand our Canadian based resource market, and then to have it practically obliterated within a day - surreal. + +The hardest part about understanding something when you believe in a sector, like oil, is that you fail to realize that individual stocks or corporations are simply way too small in Canada to survive a pro-longed downturn. + +In the best case, they will get gobbled up by any of the large cap players, the Suncor's or the Exxon's, for pennies at the dollar. This is a complete shame and the biggest scam that bankers seem to routinely pull. + +Companies today like Cenovus, Athabasca Oil, Ovintiv (down over 70% in a day, ridiculous), all of the Motley fool's greatest picks over the years, just obliterated. + +So the main question is are fossil fuels going to still be in existence a few years from now, and if so, will it be to support an economy locally (as in North American market) since USA is now the largest producer in the world and recently turned net exporter - will the shale industry bankruptcies that follow be simply gobbled up by the major players at stellar deals, and if consolidation is to occur, will any of the Canadian large market cap players be able to utilize to their advantage? + +Hilarious seeing stocks like Amazon only down a few percentage points on a day like this - either oil is the first to get plumelled, followed by the tech industry when the larger correction hits, or something else due to happen. Even more interesting is nobody having any real answer as to where to park their money (where did these billions and trillions evaporate to? Just people hoarding their cash?) + +And where is gold in all of this, our wonderful paper controlled gold, squeaking and teasing at the $1700 / oz USD mark, just to give people the hope that it actually is operating as the hedge it is? + +It ain't operating like a hedge worth shit, until maybe the market starts to really sell off. Will be interesting. +Hi, + +I read a lot of the threads on here for advice, or portfolio reviews, and for more passive investors like me, the questions are often along the lines of VEQT + TEC?, or what how much QQQ should I hold and so on, and in many of the replies - and I'm not saying this is right or wrong - but in a lot of the replies there seems to be a fair segment of "VEQT is already heavily weighted towards tech, you don't need that much more". I know that you're not supposed to rely on past results for future performance, and while I do think that tech will continue to perform well into the future, I wonder what it is that people who don't like over-weighting in tech like to invest in. Where else do you see good potential in the markets, whether you think there will be another 10 year bull run or not? + +Thanks. +I’m looking to move from my current place in Toronto area. We are selling but not looking to buy immediately. What should I do with the money from the sale if we think we will need it in about a years time? Is it best to hold onto it in a savings account or is it better to invest it in something low risk like some lower risk ETFs or the market? +Am I in some weird parallel universe for not being ridiculously stressed out with this current market? Most of my portfolio I'm in it for the long run, I'm 27 y/o and completely on board with holding long and continuing to buy in when stocks are ' on sale' + +Yes I have some forsure losers in my portfolio that I'm not holding my breath on but my other 85% I still hold regard with their value and #s YOY + +Advice? Ignore the noise from right now and consider it a buying opportunity or am I being naive to the fact that two years of volatility and manipulation is normal in a market given current circumstances + +Thanks so much!!! +I don't want to try and set a date, or make a guess. MOASS is always imminent. The hedgies have been successful so far in ducking, dodging, weaving, lying, criming and whatever else was required to get to one more day. But you and I both know that they are always one bad step away from ignition and all we have to do is wait. + +I'm going to speak about something else. I'm going to speak to the recent round of FUD that tells us 'We're not going to get paid. The government will force a settlement.' + +It's not going to happen. There will be no settlement. Here's why. + +1) If the government was going to force a settlement, it hurts them at the worst possible time. Why would any sane individual invest in American markets if when a squeeze happened the government stepped in to protect hedge funds? And do you think the American government wants to destroy confidence in their markets when we are about to hit an absolutely brutal recession? + +No. No they do not. They want to be able to point to us and go 'Look! Look at these guys! They invested smart in an American company and it has paid them handsomely!' + +THEY NEED US TO GET PAID TO RESTORE CONFIDENCE AND HELP JUMPSTART THE ECONOMY. + +2) Speaking of getting paid... + +When we get paid, if we want to touch any of those sweet, sweet tendies and convert them to Lambos or supermodels or more bananas... we are going to have to pay taxes. And if we are all the sudden recipient of Trillions of dollars... well the government is going to want their cut. + +Just look at it this way. + +If you are a government in a recession, do you want to give Trillions of dollars to a group that is going to have to pay taxes on all of it? Or do you want to use that money to bail out hedge funds and banks that are just going to sock that money away in the Caiman's so that it does nothing but generate interest for billionaires and zero tax revenue? + +I think you know which way they are going to lean. + +3) They want these hedge funds to fail. These hedge funds have been the worst financial disaster to hit America \*EVER\*. They have deliberately crashed dozens of huge billion dollar companies all to make profit that can't be taxed because they never ever close their positions. If MOASS happens, those positions ARE going to close and that means even more taxable revenue will be available. + +'But Spugnacious,' You cry out, 'They will all be bankrupt so those closed positions will be worthless taxwise!' + +To which I say, you are right. Once we have eaten the hedge funds lunch all those zombie stocks are going to result in zero income for the government. If there was only some way to claw back the profits that those hedge funds squirrelled away. + +If there was only some agency that could look into that... + +4) The DOJ is involved. + +That's right, the Department of Justice. These guys are not going to fuck around. They can see what has been occurring and they are quietly building cases to take these assholes down and put them in jail. And they are perfectly comfortable following a completely ridiculous paper trail concocted by hedge funds to hide money from authorities. + +Do you guys remember how we used to track Kenny's plane? And how he would fly everywhere? And how Citadel was in Chicago but Susquehanna was in New York? Do you remember that? Do you know that when you commit crimes across state lines it generates a RICO case? You know, the cases that they use to take down violent gangs like the Mafia or drug gangs? Do you know that if you commit financial crimes across state lines it's regarded in the exact same way as it would be if it was a drug or extortion or any other crime. + +Kenny, Jeff.... all you other hedgie fucks.... if you think trading is a tough game wait until you try prison. + +5) This will be an opportunity to either fix the SEC or close it down and expand the DOJ's mandate. + +Any way you look at it, the SEC is complicit in all this. If the only penalty for a crime is to pay a fine, and the size of the fine is far, far, far, farrrrr smaller than the amount of profit you made from said crime... then that is not a fine. That is the cost of doing business. + +This has to stop. Financial crimes have to be held to the same account as any other crime. Either the SEC has to be given proper authority to regulate this industry and hold it accountable or they need to be shut down and these powers need to be given to an agency that will actually do the job required. + +&#x200B; + +\*\*SO... TO SUMMARIZE...\*\*\*\* + +MOASS is imminent. + +The government can pay us the money we are due and enjoy a massive tax windfall, help pivot out of a recession, restore confidence in our markets, use this as an opportunity to either strengthen the SEC or hand off regulation to a capable agency and imprison a bunch of financial terrorists while seizing vast amounts of stolen wealth.... making them look like heroes. + +... or they can screw us. + +Kinda seems like an easy call, right? +I'm taking an online parenting course for fun through a local community agency. As a part of the course they offer a weekly gift card as well as baby diapers that you can pick up at the organization. I'm struggling with whether or not it seems right to take the free diapers. Our family is low income but not so low that we couldn't buy the diapers ourselves when we need them. It would help with our budget to have them and be able to put some more into savings but it's not the end of the world without them. I just feel bad taking them if there are families who need them more than me. What would you do? +Much has been said about personal FIRE numbers, but what about going one step further and saving enough so that your children and possibly further descendants can also retire early? How much do you actually need for that? (tl;dr, it appears to be much less than you might think) + +I'm not looking to create generations of trust fund babies, but I would like my children to be able to also retire early-ish, even if they end up being less financially successful than me in their careers. +To explore that, I started with a simplified model: say I just retired with a $1M portfolio, annual inflation is a steady 3% (close to the historical average) and portfolio return is 9% (also close to the historical average for a 60/40 portfolio). Under these conditions, I could withdraw 6% of my portfolio (i.e. an inflation-adjusted $60k) every year and never run out, leaving an inflation-adjusted $1M to be inherited by my children. + +So I don't have to keep prefixing things with "inflation-adjusted" everywhere, all numbers below are inflation-adjusted (essentially using a growth rate of 6%: 9% nominal growth minus 3% inflation). + +Assume I have 2 children, and I want each to inherit $1M when I die, same as I have now, and let's further assume that I expect to live another 30 years. Therefore I need to add enough money to my initial portfolio such that the additional amount grows to $1M in 30 years (since the original $1M will already stay at a steady $1M). An extra $175k is needed, which over 30 years will grow to $1M. + +I'm also assuming that when my children inherit their $1M each, they will just continue to pull $60k annually from that, so that they each will have $1M to leave to their children. + +For my grandchildren (assuming I'll have 4 who will receive this money in about 65 years), I could save another $45k, which over 65 years will grow to $2M, which combined with the $2M my children will be leaving them as an inheritance will give each of the grandchildren the same $1M. Similarly, 8 great-grandchildren requires another $15k or so. And that's assuming my great/grand/children don't have any savings of their own when they inherit. In reality they're not going to inherit this money until they've worked at least a few decades and hopefully accumulated at least some savings of their own. + +So all said and done, it appears that I only need to boost my retirement portfolio by 20-30% in order to set up all my descendants for early retirement, assuming they'll have similar expenses/lifestyle as I do. That seems surprisingly little, so my question to you is did I miss anything? Any major flaws in my logic? Is anyone else thinking of saving enough for their descendants to FIRE too? +So basically I posted a post here a few weeks ago explaining how I had this row with my landlord about the deposit and he threatened to kick me out even though my rent was paid till January. + +Well now the update is that he has actually kicked me out because the rent was paid by my friend and after I had a fight with my friend he told me landlord who did what he promised to do even though the rent had been paid in my name. He also took my passport and phone as a guarantee and says he would not give it back to me. + +Is that legal? Is there nothing that I can do? +I had a win on a crypto casino paid me out in bit coin. Now im worried incase i need to pay tax or capital gains as its crypto. I know there is no tax to oay on gambling winnings in the uk but just unsure where i stand with it been bit coin. + +Can any one help? +I am actually from the UK originally but have lived in Australia for 20 years now and I am a citizen of both countries. It looks like me and my partner will need to move to the UK soon. My partner is not a British citizen so will need a visa. + +My parents (70s) have gotten very frail in the last 2 years and now have some health diagnosis that have poor prospects so we feel that moving there to spend time with them and help them is a priority now. + +We are both 40, no kids, no debts/loans, renting and both earning $100k, with $100k in the bank and each have about $100k in super. Our jobs are transferable but might be a pay drop. + +So with the news from my parents it has been a rough couple of weeks and I feel completely overwhelmed by trying to understand how we do it. + +So lets say if we went for 5 years...what happens with our super? + +How do we make sure that we are still contributing to our future, like our super, savings, potential home purchase etc? + +Do we leave our money in the bank here and start fresh over there? + +I'm not even sure what questions I need to ask right now, but I can't be the first to do this so any advice/experience/useful links are very appreciated! +Is anyone else in a position to purchase a property to live in but deciding not to and to keep renting instead and, if so, why? I have a resonable deposit and steady job but for the foreseeable future I think I'm going to just rent and focus on buying shares. +I'm single, so a mortgage seems a huge and a bit scary thing to take on on my own is one of the main reasons but also I am not quite sure where I'd like to live and if I bought, unlike renting it's a lot harder to decide, "whelp, not really keen on this area any more, guess I'll move". +Though sometimes I think being a life-long renter might be less than ideal, especially when I'm older. Right now, I'm 36. Also if I put off buying for another decade, will it be harder to get a loan at say, 46? +EDIT: I just wanted to say thank you to everyone who commented, I've read every single comment. I knew this was the right sub to post on despite being a semi parenting/finance question. I knew alot of people here would have balanced views in it. + +On reflection I feel we will go with a state school and support with tuition where necessary along side sports and other extra curricular activities. + +Thank you again for sharing your views and thoughts + +.............................................. + +Hi all, + +I'm after some views thoughts and opinions from the good people here at UKPF. + +Next year our eldest is due to start primary school. +We live in an affluent area in the south east (Bucks) and we are looking at schools. + +We have found a good state school which has a good Ofsted rating (last done in 2020, but also 2011 it was rated good), parents in the area sing it's praises. They have 1 class per year group so it is small. Across all metrics it has a higher than average score Vs UK average. We are in the catchment area for this school. +Àq +We also have a private (independent) school which covers years reception to 6 Only, where the fees start from £10k and go up to £15k by year 6. + +Our aim/hope is to get both the eldest and youngest into grammar school, no plans for any more children. + +We like both schools, but we feel the private school will support our children better due to facilities,.teacher to student rato and also they have a proven record historically. + +We have a combined income of circa £120k (pre tax, excluding bonuses) and to put both children through will be a stretch in the finances and mean for the years they cross over (5 years) we will have to reign everything in from a spend perspective. + +We have outgoings of bills mortgage etc... That total circa £2.5k per month so when both children are in school it will mean we need to find an additional £21-£28k per year to cover the fees. + +Am I better off sending them to private school or sending them to state school and support with tuition where necessary? Is private school and a reigned in life Vs state school + tuition plus a modest lifestyle a better choice? + +Thoughts and views are very much welcome. + +Note; we have a 3 month emergency fund and £4k in S+S ISA and between now and the our eldest starting school we could probably save another £10k based on the outgoings we currently have plus planned holidays and nursery fees. + +Thanks in advance +I'd be curious to learn more about month-to-month investment strategy for high-income earners. + +Outside of paying bills, I typically deposit a rough number to Vanguard/Robinhood and filter it into various investment "buckets." Some examples of what I do with net savings: + +* 65% into VOO or VTSAX +* 30% into increasing positions in current stocks +* 5% into speculative/risky investments (stocks or crypto) + +I also have a $500 per month auto-deposit to VTSAX but I'm thinking of increasing that. Only problem is being self-employed, I may run into issues if I decide to take it easy on work. +My wife and I are struggling to do basic house responsibilities. We just had our first child (5months) and I’m working 80-100hr weeks. She works full time as well and our TC is mid 7 figures due to my companies IPO. It won’t continue for very long but combined post pre ipo equity we will still touch 1 million a year before taxes. So we have some years of strong earnings left ahead of us. + +I view this next few years as a grind to then get us over our 10 million fatfire mark. Once there life will be more manageable as I’ll only work for myself and on our properties/ real estate. + +One thing we know is a waste of our time is shopping, meal planning, prepping, cooking and cleaning. We’ve come to an agreement that this not our most valuable time. +At this point I put the value of this easily around 100k. My wife thinks we should tighten up a little and so we are looking to stay under 100k and pay anywhere between 40-100k. + +We really don’t want a full time nanny and like our personal space, but that may be the option. We live in the Bay Area so we know it’ll be a premium. + +My ideal setup would be someone who shops and comes each night with pre prepared dinners, tomorrow’s breakfast and lunch, cooks dinner, and cleans up. + +We’re looking for recommendations for anyone who has outsourced this effectively and how you did it. I have no idea where to even start. + +Also if anyone have any recommendation locally to the Bay Area that would be great too? +Spouse and I in early 40s had a good earning year, in tech, TC 1.3M. We switched companies a few years back hence the good fortune. We like our jobs, but there are other things we would like to do that working 9-5 all years long makes it difficult or just vegetate and not adhere to some schedule. We have 5M saved in stocks and annual spend after tax is 130-150k. + +I think about we have one life to live, want to pivot and experience other facades of life, but I am also worry about health insurance, boredom, lack of social interaction, maybe potential regrets if we walk away from peak earning years? Anyone done this yes regret no regret? +I'm looking for a house in New Jersey and everything is expensive where I want to be. My budget is limited by my income but I have access to cash. + +I'm only looking in the 225k range - is it stupid to put down 150k as a down payment? + +My idea was to bring down my monthly while still getting a house that's decent. I figure why take a loan out at 7% if I have the funds available? + +I know the alternative is to invest the cash and eventually make more money, but I'm wondering if a medium risk investment would even yield more than 7% in the time I'd need it to. + +This is all still pretty conservative - I'd still have savings available and would invest (probably at high risk as I'm young). And I only anticipate my income growing once I decide to leave this easy job. I also have a 401k to grow. + +I know it's all relative but I'd appreciate any insight into my plan. + +**** +Edit: My goodness, thank you for all the feedback! I'm seeing both ends of the spectrum here and will take it all into account moving forward. + +I do want to clarify that the reason I'm considering the big down payment is only because I can't afford a decent house with my low income. My answer was to increase the down payment to make my monthly budget feasible while still ending up in a resellable house. My plan is to switch jobs, increase my income, and continue investing any surplus. + +It may sound financially irresponsible but the truth is I need to live, hopefully slightly comfortably, and I've been lucky enough to have a good father who left me an inheritance. I have no other debt at the moment and plan on working with a financial advisor. + +So I'm seeing that maybe I won't put down as much, but wanted to explain that only putting down 10-20% and investing the rest isn't really an option unless I want to live in a POS. Thanks for all your replies. +Who has the brand names wins the war, this war is enormous, and OMI will win. + +NFT frontier is the biggest since Defi. + +Keep investing in shit coins that’ll go to zero once people realize that made of characters aren’t cool to collect. Kids want brands they know. Adults spend money on brands they know. + +ECOMI has Alfred Kahn leading the way. He brought Pokémon to the USA. OMI could be the next Pokémon. Alfred is the best brand licensor in the world and he is on the ECOMI team. + +Just wait till NFL players are stoked about their NFT and are tweeting about it. Kids posting pics of posing in their backyard with Tom Brady. + +Everyone loves some type of mainstream superhero or cartoon. ECOMI has signed 100+ of the biggest brands in the world including DC Comics, Warner Brothers, THE NFL, Monster Jam, Jurassic Part, Cartoon Network, etc. They will inevitably have most of the biggest brands in the world while other NFT projects are rolling out new stories about the origins of Bitcoin or tales of them fighting off dragons with glowing green goop. Mainstream doesn’t want that shit. I can’t believe crypto people even buy into that. + +OMI will go to a billion plus. It’s around 60-70m right now and about to hit exchanges in next week or two while marketing ramps up (now). + +Stop buying shitcoins guys!!! Invest in real stuff. +Dear Secretary Countryman: + + +I am writing in strong support of rule 10c-1, “Reporting of Securities Loans”. + + +Anyone arguing against additional transparency in the market, is clearly benefiting from their +ability to deceive that market. + + +Information is a valuable resource, and when institutions are allowed access to data that retail +investors are not, they are given an unfair market advantage. This is why the markets need +transaction-to-transaction reporting, where every detail is made readily available to the public. +This will level the playing field for the average working American, something Wall Street +desperately needs during this era of disturbing wealth consolidation. + + +I heavily support the 15 minute reporting intervals brought forward with this filing, as I believe it +is a step in the right direction to achieving transparent markets that allow small unsophisticated +investors to operate on a more level playing field with large institutions. This is why the market +exists. This is why America exists. It is not to line the pockets of the ultra wealthy, it is to give +hard working American families access to the profits of those American corporations that they +choose to support. The markets should exist as an avenue for enriching everyday Americans. +Currently our markets function better as a porthole into the pocket books of those same +Americans, for hedge funds and market makers to loot their hard earned money from under +their noses. + + +Short sellers are not investors, and in fact, they are exactly the opposite of investors. The SEC +should prioritize protecting actual investors first and foremost, as they are what create the basis +for a healthy and functioning market. It concerns me that the SEC has clearly shown their intent +to support the short sellers is greater than their intent to support the actual investors that they +leach off of. Short sellers' ability to operate in the dark is exactly why they consistently find +themselves in heavily overleveraged positions. Greater reporting transparency will reel-in the +enticement to make these absurd bets and should cool the shorting market, something +American companies could certainly use during a recession. + + +As a corporate executive myself, I am currently reconsidering my original business plan, in +which my ultimate end goal was an IPO on a US stock exchange. Now that I know how short sellers can abuse companies, even successful ones, driving them into bankruptcy, I no longer +wish to bring my company onto an American exchange. This should concern the SEC to an +extreme degree. Average people are losing faith in your ability to regulate the American +markets, and those people will be taking their companies and their money elsewhere the +second they have an opportunity to do so, if you do not get a handle on this abusive short +selling. + + +There are already likely massive systemic risks looming underneath the carpet of market +transparency, and unfortunately for you, simply keeping it under the rug will not make the +problem go away. In fact, the problem is likely growing every day at an exponential rate, and +may even already be beyond the point of “fixable”. I am struggling to find words that carry the +correct weight for what I am about to say: People’s LIVES are in your hands. If this gets out of +control and your ignorance of this issue pushes millions more across the poverty line and into +starvation, then it could not be denied that their blood will be on your hands. I hope you can +appreciate what I am saying here. + + +Adding transparency to our markets is simply the most effective way to drive out the +controversial activities taking place inside of it. This is why I urge you to immediately approve +and adopt rule 10c-1. + +Sincerely, +Sneakywill +There seems to be increasing talk about negative interest rates being considered or introduced. + +What the effect be for savings accounts? Will there be a nominal charge for savings? Or will interest rates be set at zero? If so would now be a time to consider a fixed term savings account? + +I’m interest in others opinions on this as it’s something I’ve not really considered before. +I'm thinking of buying a flat to live in but because of a number of reasons it might involve a financial hit rather than a gain (mostly cause I don't know if I want to commit to living somewhere for very long). My main motivation though is being absolutely sick and tired of the kind of control landlords have over my life. + +I've been forced to move several times in the last several years now. Fixing any problem is always a struggle and takes ages. I don't get to decide about my appliances or the decoration besides furniture. And even then getting furniture is a risky business cause I might get asked to leave at any time and I'd have to worry about it fitting in a new flat. + +And so, I'm inclined to think of any financial loss I incur by buying as simply a payment for the benefit of being my own landlord. + +How much was that a factor in your housing decisions? Do you think the benefits of having that kind of control over where you live is worth the hassle? +Galloway is a sometimes controversial figure, but I find his writings thought-provoking. + +Today's "No Mercy / No Malice" dispatch is especially relevant to this community, so I thought I'd share: + +https://www.profgalloway.com/the-algebra-of-wealth + +Focus x Stoicism x Time x Diversification = Wealth + +I find myself agreeing with all factors. Anything missing? +EDIT: WELP. You greedy fucks lol. I'm out of coins. I'll be back when i hit 1M. + +&#x200B; + +Alright all you degenerate gamblers, when I joined r/pennystocks out of boredom after being banned from r/vancouver by an oversensitive mod, I figured why not just throw 100k into this and see where this goes... + +Started making stupid gains and I jokingly made a bet with myself that if I hit 500k realized gains for this year, I'll buy Gold for every idiot on this sub that can string 2 sentences together. + +Well after that ridiculous rally on monday I dumped almost every position on Tuesday/Wednesday morning and I crossed that 500k threshold (i honestly thought it would take at least 6 months) + +[Mai gainz](https://imgur.com/a/9mYLTzU) + +So I'm a man of my fucking word. I just bought a metric ton of coins: + +[Mai coinz](https://imgur.com/a/M6Kk09E) + +Here is the deal: Make a comment with what your dream purchase will be when all your pennies go to the moon and I'll give you a gold award. That simple. NO POSITIONS. NO 1 DAY ACCOUNTS. + +And before you retards ask what positions I was in, I made 100+ fucking trades in last 2 months and I'm too lazy to have to stitch 7 screenshots together so just sift through the burning shit pile that is my comment history and you'll get a good idea. + +EDIT: I'll do this until end of day or until i run out of coins/patience/wrist strength +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. +Tim Cook just posted the following message to shareholders: + +January 2, 2019 + + +To Apple investors: + + +Today we are revising our guidance for Apple’s fiscal 2019 first quarter, which ended on December 29. We now expect the following: + + +Revenue of approximately $84 billion +Gross margin of approximately 38 percent +Operating expenses of approximately $8.7 billion +Other income/(expense) of approximately $550 million +Tax rate of approximately 16.5 percent before discrete items + + +We expect the number of shares used in computing diluted EPS to be approximately 4.77 billion. + + +Based on these estimates, our revenue will be lower than our original guidance for the quarter, with other items remaining broadly in line with our guidance. + + +While it will be a number of weeks before we complete and report our final results, we wanted to get some preliminary information to you now. Our final results may differ somewhat from these preliminary estimates. + + +When we discussed our Q1 guidance with you about 60 days ago, we knew the first quarter would be impacted by both macroeconomic and Apple-specific factors. Based on our best estimates of how these would play out, we predicted that we would report slight revenue growth year-over-year for the quarter. As you may recall, we discussed four factors: + + +First, we knew the different timing of our iPhone launches would affect our year-over-year compares. Our top models, iPhone XS and iPhone XS Max, shipped in Q4’18—placing the channel fill and early sales in that quarter, whereas last year iPhone X shipped in Q1’18, placing the channel fill and early sales in the December quarter. We knew this would create a difficult compare for Q1’19, and this played out broadly in line with our expectations. + + +Second, we knew the strong US dollar would create foreign exchange headwinds and forecasted this would reduce our revenue growth by about 200 basis points as compared to the previous year. This also played out broadly in line with our expectations. + + +Third, we knew we had an unprecedented number of new products to ramp during the quarter and predicted that supply constraints would gate our sales of certain products during Q1. + + +Again, this also played out broadly in line with our expectations. Sales of Apple Watch Series 4 and iPad Pro were constrained much or all of the quarter. AirPods and MacBook Air were also constrained. +Fourth, we expected economic weakness in some emerging markets. This turned out to have a significantly greater impact than we had projected. + + +In addition, these and other factors resulted in fewer iPhone upgrades than we had anticipated. + + +These last two points have led us to reduce our revenue guidance. I’d like to go a bit deeper on both. + + +**Emerging Market Challenges** + +While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China. In fact, most of our revenue shortfall to our guidance, and over 100 percent of our year-over-year worldwide revenue decline, occurred in Greater China across iPhone, Mac and iPad. + + +China’s economy began to slow in the second half of 2018. The government-reported GDP growth during the September quarter was the second lowest in the last 25 years. We believe the economic environment in China has been further impacted by rising trade tensions with the United States. As the climate of mounting uncertainty weighed on financial markets, the effects appeared to reach consumers as well, with traffic to our retail stores and our channel partners in China declining as the quarter progressed. And market data has shown that the contraction in Greater China’s smartphone market has been particularly sharp. +Despite these challenges, we believe that our business in China has a bright future. The iOS developer community in China is among the most innovative, creative and vibrant in the world. Our products enjoy a strong following among customers, with a very high level of engagement and satisfaction. Our results in China include a new record for Services revenue, and our installed base of devices grew over the last year. We are proud to participate in the Chinese marketplace. + + +**iPhone** + +Lower than anticipated iPhone revenue, primarily in Greater China, accounts for all of our revenue shortfall to our guidance and for much more than our entire year-over-year revenue decline. In fact, categories outside of iPhone (Services, Mac, iPad, Wearables/Home/Accessories) combined to grow almost 19 percent year-over-year. + + +While Greater China and other emerging markets accounted for the vast majority of the year-over-year iPhone revenue decline, in some developed markets, iPhone upgrades also were not as strong as we thought they would be. While macroeconomic challenges in some markets were a key contributor to this trend, we believe there are other factors broadly impacting our iPhone performance, including consumers adapting to a world with fewer carrier subsidies, US dollar strength-related price increases, and some customers taking advantage of significantly reduced pricing for iPhone battery replacements. + + +**Many Positive Results in the December Quarter** + +While it’s disappointing to revise our guidance, our performance in many areas showed remarkable strength in spite of these challenges. +Our installed base of active devices hit a new all-time high—growing by more than 100 million units in 12 months. There are more Apple devices being used than ever before, and it’s a testament to the ongoing loyalty, satisfaction and engagement of our customers. + + +Also, as I mentioned earlier, revenue outside of our iPhone business grew by almost 19 percent year-over-year, including all-time record revenue from Services, Wearables and Mac. Our non-iPhone businesses have less exposure to emerging markets, and the vast majority of Services revenue is related to the size of the installed base, not current period sales. + + +Services generated over $10.8 billion in revenue during the quarter, growing to a new quarterly record in every geographic segment, and we are on track to achieve our goal of doubling the size of this business from 2016 to 2020. +Wearables grew by almost 50 percent year-over-year, as Apple Watch and AirPods were wildly popular among holiday shoppers; launches of MacBook Air and Mac mini powered the Mac to year-over-year revenue growth and the launch of the new iPad Pro drove iPad to year-over-year double-digit revenue growth. +We also expect to set all-time revenue records in several developed countries, including the United States, Canada, Germany, Italy, Spain, the Netherlands and Korea. And, while we saw challenges in some emerging markets, others set records, including Mexico, Poland, Malaysia and Vietnam. +Finally, we also expect to report a new all-time record for Apple’s earnings per share. + + +**Looking Ahead** + +Our profitability and cash flow generation are strong, and we expect to exit the quarter with approximately $130 billion in net cash. As we have stated before, we plan to become net-cash neutral over time. + + +As we exit a challenging quarter, we are as confident as ever in the fundamental strength of our business. We manage Apple for the long term, and Apple has always used periods of adversity to re-examine our approach, to take advantage of our culture of flexibility, adaptability and creativity, and to emerge better as a result. +Most importantly, we are confident and excited about our pipeline of future products and services. Apple innovates like no other company on earth, and we are not taking our foot off the gas. +We can’t change macroeconomic conditions, but we are undertaking and accelerating other initiatives to improve our results. One such initiative is making it simple to trade in a phone in our stores, finance the purchase over time, and get help transferring data from the current to the new phone. This is not only great for the environment, it is great for the customer, as their existing phone acts as a subsidy for their new phone, and it is great for developers, as it can help grow our installed base. +This is one of a number of steps we are taking to respond. We can make these adjustments because Apple’s strength is in our resilience, the talent and creativity of our team, and the deeply held passion for the work we do every day. +Expectations are high for Apple because they should be. We are committed to exceeding those expectations every day. + + +That has always been the Apple way, and it always will be. + + +Tim +Fairly recent to being high NW (currently at higher end of 7 figures). I'm aiming to diversify from the public markets, but am struggling to get access to private deal flow. + +I don't have friends who run in such circles and so far have struggled to find much. How do those of you with similar NW find private deals (private equity, hedge funds, real estate funds)? + +I've spoken to a couple of private wealth managers and asked about their deal flow, but on top of the standard \~1% AUM fee, the deals they presented to me were only offered via a single purpose LLC vehicle, which also layered on significant fees. + +I've read some comments about private banks offering such deal flow. If true, which banks? Anywhere else I should be looking? +I was thinking about not posting this because I know a lot of people are struggling this year & I don’t want to seem boastful but fuck it I really don’t know what to do with this money. I’ve gotten really lucky with my business this year and I’ve never seen money like this before, I really don’t want to waste it & I’d really appreciate any advice you can give me on what to do with it? +So I've had a credit card with Barclaycard for ten years. I got it after a road accident when I needed it, but from there it became part of my life. The limit swelled from £1,000 to £8,000 and I eventually maxxed it every time. Which put me in the situation I'm in now, where I'm paying £250 a month and barely putting a dent in the balance. + +Cut to last week, I get a letter saying they've been regulated by the FCA and they now have to address 'persistent debt', where you've been paying more in interest than towards the balance for 18 months. It said that if I failed to sort it out they could remove my credit facility. I don't know whether I would class as persistent debt but I knew it would be a real possibility. + +Now the CC has been a significant source of stress for me over the last year as I struggle to improve my bad spending habits and my finances in general. But it's the sort of stress I could worry about for a few days and then forget for the rest of the month. After all, I was making my payments on time and not going over my limit, so there wasn't anything to worry about, right? Until the letter, which was a kick up the arse - evidence that if I don't improve the situation they will simply ask for the money back. + +So after worrying a bit more I decide to just call them and ask for some help. I had to muster the courage, and I came up with a line about wanting to reduce my costs by switching my balance to another card, but wanting to stay with them if possible (a balance transfer is not an option for me for at least another year, due to a defaulted bank account five years ago). + +So long story short, my ROI for the next two years is now 6.9%, down from 26.9%. An extra ~£140+ per month towards the balance and not the interest and a real prospect of paying it off inside two years. This is the first time in five years I've felt anything other than dread about my credit card balance! I had to share it, and I hope someone finds it useful. +The range the recruiter gave me was 60-120k.. Such a wide range. After we had talked about the position, the recruiter asked in an email what we agreed upon? I'm not sure how to answer. Should I still not try to give a number? +Hi, I'm quite young and don't really understand why people use credit cards over debit cards for everyday transactions. I get why you'd take out a loan to buy a car or a house. But what's the point of using it to buy smaller things? Either you have the money, in which case you use a debit card and you pay no interest, or you don't have the money. If you don't have the money and buy on credit you're pretty much agreeing to pay more for that purchase than it actually costs because of interest. Thinking that in the future you will have money. Just seems like a losing situation. + +&#x200B; + +EDIT: Thanks for the responses guys, some great info here. Here I was thinking it was silly to use a credit card. However, the security, benefits, use for emergency transactions and the opportunity to build your credit score are now making me think that credit is better to use than debit in a lot of situations. +thanks in advance + +**edit: **thanks for your responses. I’ll read through each resource. Do any of these talk about investing money and collecting % dividend each year, or does FIRE depart from that particular action? We are CASH HEAVY at the moment and would be good to learn what to do with it. +This happened about two years ago, but I figured I’d write about my experience now. A couple summers ago I was at the beach and left my wallet in the glove box of my car. Almost immediately after I left, my car was broken into. I didn’t find out until about 4 hours later, during which time the thief ran up a total of about $2,500 in fraudulent charges on my BoA debit card, BoA credit card, USAA debit card, and USAA credit card. + +Naturally I called both banks to report the fraud charges, here was my experience with both: + +**USAA:** +Called them up, customer service picked up immediately. I explained the situation, the customer service rep was able to cancel all the pending charges across both debit and credit cards, and offered to overnight two new cards to me. The pending charges were removed from my account, the cards were canceled, and I had two new cards the next day. I was on the phone with them for a total of 15 minutes and everything was completely resolved less than 24 hours later. + +**Bank of America:** +Called them up, spent 20-30 minutes on hold, got transferred 3 times before someone was able to help. They were able to cancel my cards on the spot. I was told that I would need to wait 2-3 days for the pending fraudulent charges to finish processing before I could dispute them. From there, it would take BoA 2-3 days to complete an investigation to confirm that the charges were fraudulent. From *there*, it would take 2-3 *weeks* for BoA to reimburse the funds to my checking account and credit card. They also mentioned several times that they were not obligated to reimburse the debit card charges and were only doing it as a 1-time courtesy. Ultimately, this took several hours of my time over the next few weeks, as I had to follow up with them 4-5 times to see this whole process through and each phone call took about 45 minutes. I also tried getting it resolved in a physical branch, but they were unable to help me and referred me back to the phone-based customer service line. + +Going through both experiences at once really opened my eyes to how much of a difference customer service could have on my stress levels during a financial crisis. USAA made it a completely stress free experience that was behind me by the end of the next day. BoA dragged the process out over several weeks, during which time I had to keep an eye on my accounts every day to keep the process moving from one step to the next. If I was not in a financially stable position, and if I was relying entirely on BoA for my banking, I don’t know how I would have gotten through those three weeks. + +At that point, I had been banking with BoA for 11 years, and USAA for 3 years. Ultimately, this experience led me to close my three accounts with BoA, which is a decision I now wish I had made sooner. The purpose of this post is to highlight how we can get used to a certain type of banking experience, and to provide a contrast between two levels of customer service. +For those that don’t know, Tesla did a similar dividend stock split in 2020 and they’re doing it again August 2022 (if shareholders vote yes again). It’s REALLY hard to find out info on this as it seems to be very hush hush from the media (for obvious reasons). I do know that their split happened in August 2020, and I do know that the next one will be voted on in August 2022. It was just announced a few days ago (late March). The missing component I can’t find is WHEN the 8k was filed in 2020 regarding the vote that was going to happen in August 2020, BUT if we assume it was also in late March like this one, here are some numbers we may be looking at. In late March, 2020, Tesla was trading at around $100. By the time the vote came around 5 months later, it was trading around $290. Some shorts prob closed in fear the vote would pass (speculation here). That’s when the vote happened and was approved. Shareholders needed to own Tesla by Aug 21 in order to receive the dividend and it hit $410. 10 days later when the dividend was actually received, the stock hit $442. So, hypothetically, and this is just based on percentages, GME was trading at $165 or so the day the 8k hit (yesterday). If it runs 290% by the vote on June 2, that would put the price at $478. Between that time and when the stock needs to be owned, that would put the price at $677 and if it runs the same percentage again, that would put the price at $729 when the dividend is received. Now, these numbers are just for fun, BUT, I think it’s important that apes know this is not just a stock split, and this is not just a dividend. This is a combo, and it’s MUCH bigger and much more painful to shorts. +[Several](https://redd.it/3xt52t) [recent](https://redd.it/3xrvvr) [posts](https://redd.it/3xl5af) indicate there's still widespread confusion over mutual fund distributions. + +In short, and keeping this very high level, mutual funds are required to return capital gains and dividends to the investors of the fund. Mutual funds accumulate capital gains when they have to sell holdings to maintain whatever asset allocation they are aiming for. Dividends are accumulated when the underlying holdings issue dividends. + +**When a mutual fund makes a distribution, the share price will always drop by the amount of the distribution. You have not lost any money.** If you've set your accounts to reinvest the distributions, your broker will automatically purchase more shares of the same fund. The alternative is to have the distributions go into a cash substitute (or sometimes as cash, depending on what type of account you're dealing with) for reinvestment later on. + +Many funds are distributing dividends and capital gains between now and the end of the year. If you're the type that frequently monitors your accounts (not a good habit), you owe it to yourself to not panic if/when you see a big drop in the share price unless you've checked that fund's distribution history. +If you are supposed to buy when everyone is expecting the imminent collapse of the stock market, isn’t now the perfect time for that? + +I understand that all economic factors are indicating the stock market will crush hard, BUT since when did the market start following logic? +I don't understand. I do a lot of reading/browsing here and the posts and comments that some of you leave aren't really any more informative or groundbreaking than the posts or comments left by a lot of the no-mooners. + +Is there something I'm missing here? + +I've tried the moon faucet thing but that only trickles out like 0.01 moons per day lol so I'm confused where you're all amassing them from exactly. I mean I've gotten awards on some posts/comments here and there before but it seems like no one really doles out their moons. + +Not trying to moon farm, just genuinely curious if I'm missing something! + +Edit - Thanks everyone! Very helpful! My findings are as follows: 1.) Shit rises to the top; 2.) Praise ADA; 3.) Go back in time and get in early; 4.) Moons can be purchased (?!) +**TL;DR:** + +Legally Blind and Albino. Bad parents and just finally beginning to get somewhere in life. I am going to be homeless August 1st due to the unfortunate financial circumstance of my current landlord (he is losing the house on very short notice). I have a part-time job, and return to college in September (financial aid + loans cover schooling 100%, I pay nothing upfront as things current stand). I make around 1.4k a month with good job security but have little savings. I’m located in Western Massachusetts. I have no one to turn to. Any and all help would be appreciated. + +-------------------------------------------------------------------------------------------------------------------------------- +**Edit 2 1:13PM EST: ME BEING LEGALLY BLIND PLEASE STOP ASKING** + +Still here everyone just getting a few minutes at work to browse. I want to address those who are questioning the whole legally blind thing. I am not going to turn this into an AMA. I can do one if you want but that's not what this subreddit is for. I just want to address this really quickly. Being blind and legally blind are two different things. One is seeing nothing the other is seeing everything really badly. Just put it this way I see 1k everyone sees 4k. That's what I deal with. TBH I can't even tell the difference in the two because I am so blind. But to address this again. I use [this](https://www.reddit.com/r/personalfinance/comments/6i3fvz/legally_blind_going_homeless_have_no_one_i_have_a/dj43ad3/) to read books and documents that are not electronic. For seeing things at a distance. I use an x4 telescope. It's called spot viewing. It's not ideal but it is good for small things. For like menus at fast food place I just go on my phone and look at the menu. For menus at like fancy places I use my phone and take a picture of it and zoom in. For walking around I look both ways x6 before crossing. I can see big cars coming at me but I cant see the type of car until it is right in front of me. For using computers and devices, these things have built in magnifiers. For android it's triple press for windows it's windows button and the plus symbol for ubuntu you need to enable it through compiz config but it has one. I don't want people thinking I am lying because I can do things. I can do things because I think about solutions instead of crying about the problem. I deal with things differently but I work through it. As for typing and writing papers. I can not see the keyboard unless I am 2 inches away but at this point I don't need to look at the keyboard anyway. CS major here so like that's something you should have locked down. Furthermore for those thinking I am here for the Karma. This is a throwaway. I plan on not using this other than to keep some people updated as they have asked me too. I didn't come here for pity or internet points I came here for advice and that's all. So please not to be rude but stop asking about how I am able to do this and do that if I am legally blind. I have learned to deal and get passed my disability. I only added to the post because it has to do with my SSI and what I can and can't do for financial solutions. Like I can't just go work a job as an uber. Saying I am legally blind covers that in two words. Same for the albino part. Knowing I can't be outdoors at all makes it easy to understand my problem. Again not pity, just clarity. + + +Edit 9AM EST: Wow second post on PF. I am so in shock. I use to be a guild leader for over 100 people in GW2 and even my recruitment posts were never this big. + + +Thank you everyone for the advice. Today before work I plan on applying for low income housing and calling DTA for the EBT card. Also my GF gave me the number to the shared living people so I will be contacting them as well. I just want to say I was in tears. So many comments I was not expecting. I have always been the "bottom feeder" to everyone around me. Always saying how they hate people on SSI because we don't do anything. This has really hurt me in life. Both emotionally with relationships and in social gatherings. The whole "what do you do for a living?" has always been a hurt to me. Seeing all this advice, seeing all the good comments people have to say, really touched me. I truly am in shock. My story is real I would never lie about the things I say. I really have no reason too. Not many blind, hispanic, albinos in western mass. So if you want to find me, go for it. We can chill and play some Paladins, HearthStone or Melee (the one true smash game, I kid no flame wars). Maybe a beer, but I am broke so I'll take water. + + +Now to what I have learned. + + +As some users pointed out I am collecting SSI. I apologize for the misinformation. I thought it was SSDI however it is just SSI. So the deduction still stands. As for setting up a go fund me, that wasn't me. I have never taken money from people that I don't need. If you really want to help donate to a charity or a foundation you support. That's better than some random dude on the internet. Just find one that puts close to all of the money donated into actually helping. For the users who talked about disability resources from the college. Yes I have come in contact with them already. The last college I attended I worked for the disability councilor there helping students learn technology that helps them with there disability. (I really like helping people, That's why I applied for the help desk.) While there my boss/ disability councilor helped me do the transaction with the disability center to the college I transferred to. To add a little more. I am in contact with Commission for the Blind as well. they helped me obtain a laptop and a magnifier. [Laptop](http://www3.lenovo.com/us/en/laptops/thinkpad/e-series/e560/), [Magnifier](http://store.humanware.com/hus/explore-5-handheld-electronic-magnifier.html). + +To those asking about how blind I am. To use the computer I use the windows magnifier x2-3. For reading books I use this [magnifier](http://store.humanware.com/hus/explore-5-handheld-electronic-magnifier.html). For walking around I do not use a stick or a dog. I just hope to god drivers don't hit me while crossing. That's all I can do. So my vision is like this. Being legally blind means you can not see what most people see at 200 feet at 20 feet. So essentially. What you see at 200 feet I dont see until 20 feet. So driving is out of the question. I am both near sighted and far sighted with a astigmatism. Not only that because I lack pigment in the eyes lights are a huge issue. Imagine a game with really bad bloom effects. Like Skyrim when a dragon spits fire at you and it gets really bright. Well imagine that with almost every light source. + +To everyone that may be struggling, I know I am and I know others are too. Please don't ever give up. Reach out and find help. The hardest thing is asking for help but trust me most humans are willing to help. College has taught me to ask for help. Just please never take the one trip ticket to death. I have attempted and thought about it many times it's never the answer. You can get through anything. You are strong, just remember to think back to all the other hard moments in life and remember you are here now. + +I will continue monitoring the post as the day progresses. Again thank you so much everyone. Seriously thank you so damn much. I have never had this type of support. + +-------------------------------------------------------------------------------------------------------------------------------- + + +PF- + +I seem to have found myself in quite the situation... + +**Little Background:** + +Albino, Legally Blind since birth, come from a bad upbringing (go to bottom of post for a brief summery of my life) and have been trying to fight my way out since I was emancipated at the age of 16. I collect Social Security Disability Income due to my vision (obviously) at the rate of $765/month from SSDI with an additional $149/month via a Supplement Check (This is given to Massachusetts residents who collect SSDI for being legally blind). I am currently located in Western Massachusetts. + +I am a 23 year old college student majoring in Computer Science. I decided to go to college in hopes of getting a job in the field of computers (Programming/IT). My goal is to remove myself from the system when I become more financially stable as I do collect SSDI because I am legally blind and for no other reason. In a step to obtain this long term goal I have recently been successful in the landing of a gig at the campus Help Desk. This is an actual part-time job and not a work study position so I am not limited on the amount of money I can make (I am a “trust fund student employee) however it is through the school so I need to be enrolled to be able to keep the position. I have been working there for about 3 weeks. + +**The Situation:** + +My friend and I have been renting an apartment from his father for the last 3 years. Everything on the books. I do know how some people will lie due to collecting from SSDI/SSI. We however have not. I started college a year ago and it has been going great. However when my friends dad purchased the house he signed a really bad agreement and he didn’t realize until recently. This deal was made in 2012 much before I or his son moved in. We moved in, in 2014. + +**Essentially the agreement breakdowns into this:** + +The house cost $45k. + +He would pay monthly payments until he paid them back all of the $45,000 with an additional 6% on top of that. It gets bad because there is a clause that states if he did not pay it back by August of 2017, they would perform a balloon charge for the remainder of the 45k he may owe + the 6% + lawyer fees. + +The agreement that was made was not done through a bank and was instead made directly with the previous owners. + +As it stands, I can no longer live here, even if he could sort this out it’s a situation that is not very stable and I no longer feel as if he could offer me housing security. + +**Here are my earnings broken down:** + +**My Monthly Income from the Help Desk:** + +* 11(hourly wage) * 23(avg hrs/wk) * 4(wks in month) + +* That’s $1,012. + +* I get paid Bi-weekly. + +**What I collect from Social Security Disability Income & State Supplement Check** + +* $765 (From SSDI) + * Please note that SSDI deducts 1 dollar for every 2 dollars you earn, discluding the first $65 you earn, so this will vary. ([link to law](https://www.ssa.gov/ssi/text-work-ussi.htm)) +* $149 (From State Supplement Check) This is given to me because I am legally blind. + +**The equation determining my total monthly income:** + +This is to determine what social security will be deducting from my SSDI + +* 11 * 23 * 4 - $65 = $947 + * (My work earnings minus the first $65 earned.) + +* $947 / 2 = $473.5 + * (My adjusted work earnings divided by two to determine SSDI deduction) + +* $765 - $473.5 = $291.5 + * (The SSDI subtracted by the deduction amount found in the last equation) + +**Putting it all together:** + +* $291.5 + $1,012 + $149 = $1,452.50 + * (SSDI adjusted) + (My work earnings) + (Supplement Check) + +**My expenses:** + +Cell phone - $45 a month for 8gb. +Planet Fitness Gym - $20.20 a month +That’s it for what I have to pay for expenses that are on autopay + +**What I have done so far:** + +I have already spoken with many friends and some friends are able to give me a coach to surf on. However this is not optimal when collecting SSDI as I need a solid address with a lease to prove my expenses. I do not have parents to give me shelter. My mom lives states away and my dad is a deadbeat. I plan on applying for low income housing come Monday. However this can take months. I will also be applying for Food Stamps / EBT (errbody eats). I will also go to the local food pantry but that is only given at a bi-weekly bases. I could live at a homeless shelter but college is just around the corner and I can't be dealing with that, school and work. I need something that is stable, somewhere I can leave my belongings and assets safe. I don't have much so what I do have I really need to keep. + +Now the school I am attending does offer campus living. However I am a commuter and have applied and filed FAFSA out as such. Also if I live on campus I am locked into a 3 year contract with the college. Not the best idea for me, but an option. + +Another option I have is renting a room at a shared living apartment where you pay $350 for the room, everything included. This price spikes to $400 during the winter months/school months (do to heating, etc...). + +Now what I am really worried about is this. During school I will have less than 20 hours a week. (Realistically 16-18 with the ability to obtain more hours via covering shifts) That means my income goes down to maybe 1.2k or less. That also means during the adjustment months for SSDI I will have almost no money to work with. SSDI takes at least one month to readjust to the new income. The really scary part is that I need to get school supplies. Books… The dreaded books... Financial aid should help cover some of their cost and my friend has informed me that a lot of textbooks have a copy put on hold for students to use within the college library. + +**My story in as little as possible:** (Please no pity party. I just want you to understand where I came from and why I am trying so hard to move forward in life.) + +I am really scared PF. I have been through more than you could imagine to get to where I am in life. I really have seen it all (HAHA, I am blind, you can laugh it’s funny). I was raised by my mother until I was 11. I was sexually assaulted when I was 8. I bounced between foster homes because my mother didn’t want to deal with me when I was 11, and when I did live with my dad he had outstanding warrants on him for drug dealing heroin and that forced me back into the foster system. I emancipated myself at 16 while still in High School and moved in with a close friend. I lived with what I thought was my best friend at the time, only to later find out he hated me and had wanted to just see me commit suicide (he was my only friend at the time and this was super hard on me). Before turning 18 my mom had told me she saw me turning into my dad. Addicted to H and by 21 expected me dead. My dad told me that I was a piece of shit gamer faggot and would never amount to anything. I have always faced huge amounts of bullying because of who I am both physically and emotionally. I’m hispanic but look like I’m white because I’m Albino....man I didn’t choose any of that. I have even had to live out of a car because while living with my dad his ex had kicked us out. Showering in a gas station is not fun when you are in middle school. + +PF if you have any advice, any suggestions, please post them. So far I see the shared living as my only hope but I was just looking to see if there was any advice that could help me out. Any lawyer advice that could help remedy this. Anything that I overlooked. I am just reaching for anything right now. + +PS. Happy father’s day. Also my birthday is the 28th (That’s when I officially turn 23), So happy birthday to me. + +Quick edit: Sorry if the formatting isn't perfect. I tried my best. +Elon Musk's goal with every project he ever got into was to hijack it and say he founded it. He got kicked out of PayPal trying to hijack it. He's still mad about that. He hijacked Tesla and said he founded it. He's trying to hijack crypto using Doge. + +Remember he said exchanges can be second layer for Doge? That's Robinhood. All this time the smartest minds were trying to scale blockchains and nobody came up with this idea. What a genius! + +Everytime he talks about crypto he makes it clear he hasn't got the first clue about it. Elon wants to turn Doge into PayPal. Mark Cuban is going to be his sidekick. + +Poor Doge was at least decentralized when it was a joke. It's about to become a plaything for a couple of narcissistic billionaires. Now it's a bad joke in the most evil sense. +I am tired of people defending Bill Gates and saying things like, "Microsoft uses open source development and accepts crypto" or "He is looking out for small investors by warning them against volatility". Microsoft is adopting these things because their attacks against them failed. Where was Bill when small investors were getting wrecked in the stock market or losing their pensions? Where was his love for open source when Microsoft attacked open source licenses? Let's take a look at the history of Bill Gates and Microsoft regarding open source and crypto: + + +* 1998 United States v. Microsoft was a set of civil actions filed against Microsoft Corporation by the United States Department of Justice and 20 U.S. states. The plaintiffs alleged that Microsoft abused monopoly power in its handling of operating system sales and web browser sales. Microsoft won their right to continue breaking the law. +* 1998 leaked internal Microsoft documents state the following "OSS [Open Source Software] poses a direct, short-term revenue and platform threat to Microsoft, particularly in server space. Additionally, the intrinsic parallelism and free idea exchange in OSS has benefits that are not replicable with our current licensing model and therefore present a long term developer mindshare threat." +* 2001 Microsoft's Steve Ballmer is quoted as saying "Linux is a cancer that attaches itself in an intellectual property sense to everything it touches" +* 2002, Microsoft applied for 1,411 patents. +* 2003, Microsoft began licensing its patents to other companies in exchange for either royalties or access to their patents (a "cross-licensing" deal). Microsoft's lawyers began calculating how many of its patents were being infringed by free and open-source software. +* 2004 Microsoft had more than doubled the number of patents, totaling 3,780. +* 2004 Microsoft recruits Bill Hilf to build an open source lab where he and his cohorts would build Linux systems and test them in tandem machines running Windows software. +* 2007 Licensing chief Horacio Gutierrez claimed the total number of patents allegedly violated by open source software was 235. Gutierrez is quoted as saying "This is not a case of some accidental, unknowing infringement. There is an overwhelming number of patents being infringed." +* 2007 Microsoft threatened to sue Linux based companies like Red Hat over patent violations. +* 2008 Bill Gates said open source creates a license "so that nobody can ever improve the software" +* 2008 Bill Gates outlined how open source development could work for Microsoft in a meeting with Sam Ramji (open source lead) and Ray Ozzie (lead developer). +* 2008 Microsoft realized they couldn’t destroy or "embrace and extend" Linux. Microsoft adopts Linux benefits in fear of being left behind. +* 2008 Microsoft purchases Powerset, one of the first companies to run a web service atop the open source project Hadoop. +* 2009 Microsoft prototyped an Amazon-like cloud service under Sam Ramji using nothing but open source software such as Zend, OpenNebula, Eucalyptus, OpenScale and Hadoop. +* 2009 Sam Ramji left Microsoft. +* 2009 Microsoft sued GPS navigation device maker TomTom, arguing that the company’s Linux-based products violated a patent related to how operating systems handle file storage. +* 2010 Microsoft releases open source project Azure +* 2011 or earlier, Microsoft began threatening lawsuits against Android device manufacturers until they signed licensing agreements. Microsoft has never defended these patents in court. Rather than risk an expensive court battle, Android manufacturers pay Microsoft for a license. +* 2011 Microsoft Windows announces ports for Node.js and Hadoop, both open source. +* 2011 Microsoft contributes code to the open source project Samba. +* 2012 Microsoft signed a patent deal with Amdocs covering its Linux use despite there never being any proof that Linux violates Microsoft's patents. +* 2014 Microsoft CEO Satya Nadella is quoted as saying "Microsoft loves Linux." +* 2014 Microsoft adds Bitcoin to payment methods on Microsoft Accounts. +* 2016 Microsoft releases open source .NET Core +* 2017 In competition with Bitcoin, The Bill & Melinda Gates Foundation released open-source software for creating payment platforms that will help unbanked people around the world access digital financial services. +* 2018 Bill Gates on Bitcoin “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment. I agree I would short it if there was an easy way to do it” +* 2020 Bill & Melinda Gates Foundation asks Oxford to renege on their promise to open source a COVID-19 vaccine to drug makers. +* 2021 Bill Gates on Bitcoin “The way cryptocurrency works today allows for certain criminal activities. It’d be good to get rid of that” +* 2021 Bill Gates on Bitcoin “I don’t own bitcoin, I’m not short bitcoin, so I’ve taken a neutral view” +* 2021 Bill Gates on Bitcoin "Elon has tons of money and he’s very sophisticated, so I don’t worry that his bitcoin will sort of randomly go up or down. I do think people get bought into these manias who may not have as much money to spare. My general thought would be that if you have less money than Elon, you should probably watch out." + + +If I missed anything let me know and I'll add it to the list maybe. + +TL;DR +Bill Gates does not have your best interests in mind. + +EDIT: For everyone pointing to Bill Gates and his philanthropy, I could do another full post about how corrupt his foundations are. He is taking resource rights away from local businesses in third-world countries and disenfranchising family owned farms. This is all paving the way for large corps to control and sell the resources of a country instead of the local population (all under the guise of feeding the world). If it was appropriate for me to post a timeline of this as well, I would. But this ain't the sub for it. +Source: [http://musingzebra.com/what-kind-of-buckets-do-you-have/](http://musingzebra.com/what-kind-of-buckets-do-you-have/) + + What is your biggest investing mistake? Ask this question and you’ll recall the stock that gave you the biggest losses. It is intuitive. Losses get attributed to “I have made mistakes”. We throw them into the ‘Bad outcome’ mental bucket so we can learn what have we done wrong in order to avoid making the same mistakes again. This is the same for gains. We place them in the ‘Good outcome’ bucket because we made some good money. We made the right decision and we want to do more of it. However, the cause and effect relationship rarely works in a straight line because of luck and randomness. +I recently deposited $10,000 of savings into my superannuation, who I then provided with a “Notice of intent to claim or vary a deduction”. The superfund have now deducted $1,500 in tax. + +I’m a little confused about this process - isn’t this money getting double taxed? Once from income tax and then again by the super fund? Any clarification would be most welcome - thank you. +After being made redundant from my corporate job. I’ve decided to get my traffic controller license so I can get a job asap and also for a change while I think about what to do next. I’d love to hear stories about anyone going through a similar situation for motivation! +Hi everyone, I'm very new to investing and earlier this year i opened a RRSP with RBC thinking I was doing something good for my future. + +A year later ive learned a bit more and have heard that mutual funds (what my RRSP is invested in) are not so great and I could find better options for my $. + +In total I have about $3700 invested in the RRSP and its down to $3400 with the current market situation. + +I'm wondering if id be better off leaving it alone as mutual funds and hopefully it bounces back or go to cash and find something else??? + +Please let me know what you think, thanks +The sustainability of Vermilion Energy Inc.'s payout to investors has long been a hot topic on Bay Street, and now one analyst says the oil and gas producer could be forced to slash it in half. + +"The company has never reduced its monthly payout, a unique feat amongst Canadian [explorers and producers]," wrote Veritas Research Analyst Jeffrey Craig Wednesday in his report titled The First Cut May Be The Deepest. "Despite its impressive history, we calculate that Vermilion will be unable to fund its annual dividend from cash flow in the current commodity price environment." + +Vermilion pays out a monthly dividend of $0.23 per share, and has held the payout at that level since May 2018. As Vermilion's share price has come under pressure over the last couple of years, however, its yield has run higher and flashed warning signs for some investors. As of Wednesday morning, the company's dividend yield was sitting at 16.7 per cent. + +In his analysis, Craig estimated Vermilion could face a cash shortfall of as much as $205 million this year and has limited flexibility because of high debt levels and few assets that could be shopped around. + +"To close the pre-hedging gap, we calculate that Vermilion would need to reduce its annual dividend to $1.44 per share -- a decrease of ~50 per cent," he wrote. + +Vermilion Energy wasn't immediately available for comment on Craig's commentary, but its CEO, Anthony Marino, has consistently defended his company's payout strategy in interviews with BNN Bloomberg. + +"Actually, as of a week ago, we’ve updated our funding estimate, our cash flow generation as compared to our uses for capex and for the dividend. We show ourselves overfunded – meaningfully overfunded at the current pricing level," Marino said in a Jan. 21 interview. "So we think it’s completely economically-warranted. It’s actually our lowest total payout ratio that we’ve had since 2008 - since before even the financial crisis. We continue to pay the dividend because it is funded and economically-warranted for the company to do that." + +As a result of Craig's doubt about Vermilion's current capital plan, he downgraded the company's shares to a Sell recommendation with an intrinsic value of $16.50 per share. + +https://www.bnnbloomberg.ca/vermilion-energy-could-slash-dividend-in-half-analyst-warns-1.1396048 +Hi there, as a result of leaving a job I now have approx. $100k with RBC in a LIRA. I am 40 years old, and about to start a new job. I have had some talks with RBC and they have directed me towards some of their actively managed mutual funds. I haven't committed to any yet, and I know very little about investing. + +I have found out that the 2% MER is probably not a good idea, even though the money will sit for at least 15 years (can take part at 55yrs old) and most likely for 25 years. + +I will be starting a new job and likely taking the option to join their DCPP (through SunLife). + +I am really hoping for some advice on what to do with this LIRA. I want to be somewhat safe, and I know it is a weird time in the markets. + +Any help is super appreciated. +i buy groceries only for myself and live with 2 roommates. i had just moved and hadn’t gone grocery shopping in awhile so i did a big trip that ended up being about $170. a large part of this was stuff i dont normally buy, like some seltzers to celebrate ($20) and laundry detergent ($10). normally, my trip averages around $120 about every 1.5-2 weeks. i shop at my local krogers in slc (cost of living is pretty high here—i grew up in a big family so it’s hard for me to say what the average grocery trip should be for one person. my sister and her boyfriend spend about $400 combined per month). + +i’m hoping to spend $200/month on groceries. here’s a list of what i usually buy: tzatiki, hummus, pita bread, parmesan cheese, raspberries, mushrooms, carrots, cucumbers, spinach, edamame, green onion, yellow onions, bell peppers, tomatoes, avocados, oatmilk, pasta, chickpeas, nutrition bars, yogurt, bananas, pickles + +here’s a list of stuff i buy less frequently: frozen chicken, beef, salmon, shrimp, salsa (i love salsa), tortilla chips, baking supplies like flour and sugar (i bake bread a lot), oats, peanut butter, lots of canned food like beans, rice etc + +i have ADHD and some of my fresh produce does go bad, but my roommates are good with reminding me. + +i’m doing okay money-wise, i have a decent savings and my rent is low and i receive a lot of help from my family in the form of car payments and tuition coverage and phone etc. this isn’t a huge issue right now, but i’d love to bring sown my grocery bill in the long run +I'm an index investor looking to throw a bit more into the market in the near future. I'd like to add a little more excitement to my portfolio than the standard US and international indexes, so I was thinking about adding a few holdings in industry ETFs. What industries would you invest in right now if you had to narrow it down to a few? +I see MANY posts by confused Apes, after those last few minutes before close, and the huge volume just into AH that did not cause a spike. This is because of the switch from the Russell 2000 to the Russell 1000. If you want to understand what exactly happened, first read this DD that I published a few weeks ago: + +https://www.reddit.com/r/Superstonk/comments/nu91kx/russell_1000_many_poorly_researched_or_purely/?utm_medium=android_app&utm_source=share + +Now that you have read the background, here is my theory for what happened at the end there. Almost certainly the trading that took place was 'internally', between the relevant ETFs of Blackrock and Vanguard. Instead of the SHFs, it may even have been these two institutions *slowly* dropping the price all day, as they removed the shares from their Russell 2000 tied ETFs. + +And then, closer to the closing bell, I think they just added the shares to their Russell 1000 ETFs as two or three huge buy orders. Possibly it was Blackrock just at the end of regular hours, and Vanguard just into AH (or vice versa). Given how many Puts there were at the $200.00 mark, I also conjecture they did one of those huge buy trades in regular hours to take the closing price well above that mark. So in the process, hurting those with the Puts - including the SHFs, I would guess. + +So as I predicted, this is why at the end of the day, the Russell Reconstitution had a neutral effect on the share price. + +**EDIT:** As for why it is in Blackrock's and Vanguard's best interests to reduce the price before adding the shares to their Russell 1000 tied ETFs, it is because of something called a NAV calculation they will be doing shortly (at the end of the day). The performance of the ETFs are measured by the combined changes in price of the underlying stock. It is better for them to add the shares into these ETFs at the lowest price possible, as the performance of the fund will then be enhanced over time - as the GME share price increases over the next few years. Keep in mind that Blackrock and Vanguard cannot sell the shares held in these ETFs during the MOASS, so for those tied up in these...it is the long term share price they are interested in. + +**EDIT 2:** An alternative and plausible theory on the spike during regular hours from u/takeit2sendsville: + +*I personally think the surge in volume before close was T+21 and the AH volume being blocktrades between ETFs rebalancing. T+21 has come in all shapes and sizes, and this one, imo, was similar timing wise to 2/24, but not in magnitude. General decline in price all day could have been a sell off of shares that weren't block traded since it was estimated that GME would have less ETF shares upon entering Russell 1000.* + +**EDIT 3:** Looking more closely at the volumes, I am beginning to think that u/takeit2sendsville 's theory here is more and more plausible. Huge implications if that is the case, as it would mean the T+21 cycle theory is still in tact (keeping in mind how Juneteenth affected the counting). + +u/See_Reality also commented about this in another thread and said they may be reporting more into it later. If so then would appreciate it if you could post a link to that in response to this post, so Apes can follow up further. +These communities will often use peer pressure calling people who sell “Paper hands” and often have a bunch of people spamming rockets with “To the moon!!” As a popular phrase. I’m here to tell you that this is toxic and not a good sign for the crypto. Often times these people will paint the illusion that they are never going to sell and that you shouldn’t either in order to pump the price of their coin and dump their bags on to the unknowledgeable investor. Wake up call: If the coin was good on its own then the community shouldn’t have to be constantly reminded up to the point of brainwashing to never sell. +These communities will often use peer pressure calling people who sell “Paper hands” and often have a bunch of people spamming rockets with “To the moon!!” As a popular phrase. I’m here to tell you that this is toxic and not a good sign for the crypto. Often times these people will paint the illusion that they are never going to sell and that you shouldn’t either in order to pump the price of their coin and dump their bags on to the unknowledgeable investor. Wake up call: If the coin was good on its own then the community shouldn’t have to be constantly reminded up to the point of brainwashing to never sell. +I see a lot of posts today asking for advice on how to take advantage of the current global market situation. This is what we often refer to as "market timing." While it can have large payoffs if you get lucky, it is generally considered a bad idea, especially on a sub like this where we generally advise for conservative management of personal finances. As a friend of mine put it, attempting to take advantage of this situation is akin to attempting to catch a falling knife. You might get lucky. Or you might stab yourself and end up with a nice hospital bill instead. + +If you are keen on pushing forward, head over to /r/investing. They are better suited for these questions. +I started to type up a whole bunch of numbers, and then realized the numbers don't actually matter all that much because this is an apples and oranges problem, but I'll try to explain my thinking first. + +So right now I'm saving a decent amount in tax advantaged accounts, not as much as I'd like, but way, way better than most Americans for sure. Under optimistic yet conservative assumptions, I'd be FI by 55 (37 now). + +Bear in mind, I was an idiot in my twenties and I earn a pretty low salary (which might improve and I'm doing some things to help that, but for planning purposes I assume it won't, I'd rather be pleasantly surprised than bitterly disappointed). So I'm more focused on FI than RE, or as I like to say "My goal is to retire at all at this point". + +So I'm giving you that to point out it's not like this is a "bad" situation, in fact if I put it in perspective I'm winning compared to 85% of people just not compared to the people who post here. + +Now I told you that story to tell you this story. + +So something I'm doing right now that's really eating up a ton of potential is I'm throwing gobs and gobs of cash into rebuilding an emergency fund. I had one, but about 3 years ago I collapsed on a job site and had an unexpected hospitalization that wiped my cash reserves out. I was fine, but man was that expensive! I had a car issue right after that too, so that was just it, my savings account was zeroed out for a while. + +Now I should point out my cash savings did their job. My life kept right on going and I was able to breathe during all that. I had options during a challenging time, and while it's a bummer I had to spend it all down, I don't regret it per se because that's what it was for. + +I actually didn't have quite enough saved, but I was able to pay off everything that could not be negotiated (ambulance bill, City would not budge at all) and work out a way to get the rest under a control and it took about a year to get square. It worked out. + +But that left me in a vulnerable position because now I had no savings. So I sighed, cut down my retirement contributions (I still left them at a certain percentage for a variety of reasons, I didn't stop completely by any means) and started pocketing the money. + +Anyway, I resolved to learn from last time and realized a 3 month fund didn't cut it, though it went pretty far and took the sting out of it, and am establishing a 6 month fund this time around. I'm also throwing in any dollars I find as I go (usually when I spend less than I budgeted for a particular expense), it's usually only $10 at a time but it adds up because this is such a long term goal. It's debt snowballing in reverse. + +Technically I'm saving the emergency fund and for retirement at the same time, which is why it's taking so long. + +Anyway that's going well, I'm at almost halfway and I should be getting the second half a lot faster than the first half, and I should in fact have it next year. + +But this leaves me with a choice. Do I take this "extra" amount that I'm saving to rebuild the emergency fund and put it back into retirement savings, or do I start saving for a 20% down payment. + +Part of my retirement plan is to lock in my housing costs in retirement because right now I'm dealing with the fact rent jumps up like 6 or 7 percent a year like clockwork and that's crazy, and it's very hard for me because rent is something like 52% of my monthly budget. I figure if I buy a place to live, at least the taxes/maintenance costs will be the only ones that inflate. + +Plus I am so tired of moving, but until I can do something about these costs, I am going to have to keep moving every few years to cheaper and cheaper places. And the moving itself isn't free either, it's not outrageously expensive and I have done a pretty good job of minimizing more in recent years but it's still not free. + +Part of me is thinking buy a place in the city, live in it (About 12-14 years) as I paid it off, and then rent it out when I retire to have a diversified income stream or at least one hard asset, because I can tell you right now I wouldn't retire here, it's too expensive and crowded. It also bothers me a lot that I don't own any hard assets. I also don't know anyone that's financially comfortable who doesn't own any real estate (not necessarily renting it but they at least own their own house), and this is the only way I can think of I could ever realistically acquire any. Plus I'd have a nicer lifestyle, owning lets you do whatever you want. + +But the other part of me says Hey Stupid, you're not going to live here forever, why do you want to own property here? So you move another 5 or 6 times, big deal, stop crying and deal with it and put this money in your retirement account instead and you'll either retire with a hell of a lot more money and you can go buy and live wherever you want, or else maybe you can shave off a couple of working years. + +Anyway I don't think there's a right answer here necessarily. Mathematically it's all speculative, so I'm just curious how other people have managed this problem. + +I'm thinking I might split the difference somehow, like increase my retirement savings to a percentage that gives me a warm fuzzy feeling like that aspect of things will work itself out in due time, and then just leave it there and direct future raises to the down payment. + +Of course all this assumes ceteris paribus, but that is what it is. +**Do you not see the repetition of history here?** + +2018: Ellen DeGeneres: If you want to know what bitcoin is, I learned about it. A bit. https://www.youtube.com/watch?v=LS2BMxeHsv8 + +VS. + +1994: The Today Show: "What is the Internet, Anyway?" https://www.youtube.com/watch?v=UlJku_CSyNg +[I was bored on a slow Sunday watching this YouTube video.](https://youtu.be/dGFPE6RBws8) + +At around the 3:50 mark he says that the Immutable X marketplace was brought to creation by the creators of Gods Unchained as well as a company called StarkWare. + +He goes on to list all the notable companies that have invested in this project/company called StarkWare. + +Paradigm led funding both in 2018 and again in 2021. + +Paradigm also bailed out Citadel earlier this year. + +Wut doing? + +I have provided links below. I am posting in hopes that an ape smarter than me can do some more digging or explain how this is not some huge conflict of interest. + +[Paradigm bailed out Citadel with a cool $1.15B](https://www.coindesk.com/business/2022/01/11/paradigm-sequoia-to-invest-115b-in-citadel-securities-bringing-trading-firm-closer-to-crypto/) + +[TIL that the Immutable X marketplace was launched in partnership with a company called StarkWare.](https://www.castlecrypto.gg/immutable-partners-with-starkware-to-scale-blockchain-gaming/) + + + +[StarkWare has had 2 rounds of funding, both times Paradigm led the funding.](https://www.theblockcrypto.com/post/99211/starkware-funding-round-ethereum-paradigm) +*EDIT: Per* u/derlocker *(comment here:* [*https://www.reddit.com/r/Superstonk/comments/se6lwp/comment/huhk0bb/*](https://www.reddit.com/r/Superstonk/comments/se6lwp/comment/huhk0bb/?utm_source=share&utm_medium=web2x&context=3)*) it looks like Reddit likely weights upvotes to karma differently per subreddit (per a user in another sub 1 year ago who tried to reverse engineer the ratio). Even so, I'm still having a VERY hard time believing DFV only gets 1,040 karma for all his comment upvotes. If you want to look into it for yourself, go to that comment thread and you'll find the exact post title so you can search reddit and read up yourself.* + +**= = = = = = = = = = = = = = = = = = = = = = = = = = = =** + +I was just dropping off my latest free award to DFV's final GME YOLO update post this morning, and noticed a number that seemed to be impossibly inaccurate: 1,040 TOTAL comment karma on DFV's entire account. + +Puzzled, I went to his last comments to see if this was just some "glitch"...and found, eye popping discrepancies: + +* **65,176 REMOVED UPVOTES** IS THE TOTAL ON DFV's LAST TWO COMMENTS AND POSTS **ALONE** + +These 2 screenshots show the exact numbers of each of the last 2 posts and 2 comments: + +[37,743 REMOVED POST KARMA](https://preview.redd.it/ha9i82pt1ae81.png?width=848&format=png&auto=webp&s=a9cccd169b6a5c7210aa539b81584ea0eb867b11) + +[27,433 REMOVED COMMENT KARMA](https://preview.redd.it/tq9xcn7x1ae81.png?width=878&format=png&auto=webp&s=84c86b614f69cce8cfeea79e539d974b5a20b90c) + +# These 2 archived links of DFV's profile prove the numbers do not add up: + +* [**https://archive.today/h5ueg**](https://archive.today/h5ueg) +* [**https://archive.today/AyFmo**](https://archive.today/AyFmo) + +# AGAIN, A TOTAL OF 65,176 REMOVED UPVOTES FROM DFV'S ACCOUNT ON 2 POSTS & 2 COMMENTS ALONE. + +# So, a few obvious questions that jump out: + +* **Why would so many upvotes be removed from DFV's posts?** +* **Is it even reasonably possible that this is happening due to a systems "glitch"?** +* **If not, is there any way to interpret this other than that it shows intent?** +* **HOW MANY MORE WILL WE FIND THAT HAVE CLEARLY BEEN REMOVED?** + +***NOTE: Part 2 of 2 will simply be a total of all his comment and post karma vs what's actually listed on his account summary.*** +https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter + +A few impact highlights: + +* Will cities, for example, be able to afford their infrastructure needs as climate risk reshapes the market for municipal bonds? + +* What will happen to the 30-year mortgage – a key building block of finance – if lenders can’t estimate the impact of climate risk over such a long timeline, and if there is no viable market for flood or fire insurance in impacted areas? + +* What happens to inflation, and in turn interest rates, if the cost of food climbs from drought and flooding? + +* How can we model economic growth if emerging markets see their productivity decline due to extreme heat and other climate impacts? +Hello, since the sub does mention losing money with friends, i figured i'd vent a bit. + +I invested in Frontline - an oil tanker /shipping company back in 2010. + +I will admit to several mistakes in doing so, the first of which was weighing the advice of others too strongly. the second of which was making it, and it alone, >25% of my portfolio at the time. + + +I did some research on it, clearly not enough, but i thought it was a solid enough company with a solid dividend, and a pretty solid industry. Dry shipping has done well, bulk shipping and petroleum shipping have/had all done well at the time. + +I figured it has already taken the recessionary hit of 2008 and it would just have to climb back out. + + +Well, i guess FRO management is shitty. The debt has been crushing them, the glut of shipping options have kneecapped them. + +they cut their dividend, then canceled it soon after i bought in, i held (like an idiot) waiting for a better exit point. + +I held, hoping for a rebound. + + +I help much much too long. + +At the time, 25% of my investment was in one, poorly thought out stock, in an industry i am not familiar enough with and due to the recommendations of my brother (who, in all honesty, has given stellar recommendations in the past, seriously 20-50% gains a year on the other stocks i purchased on his recommendations. ) + +still he recommends about 4 stocks a year, i usually do my due diligence and sometimes i buy one, often i don't. But I've never been so burned before. + +Had this been 2 years ago it would have been devastating, maybe enough to keep me out of the market for good. But in that time i have invested more wisely, I have a much larger portfolio, ETF's, individual pics and even occasionally trade options. i feel more comfortable. and, importantly, i don't think this was a fluke, i should have seen it coming, and i hope that the me of today will be able to at least avoid similar mistakes. + + +The market may be big and scary, but it is not random chaos. if i thought that i would not be involved. + + + +Not sure what exactly I thinking with FRO, looking back. I should have been more diversified, i should have done better research, i should have gotten out (he got out early with a modest loss and told me to do the same, this isn't his fault) + + +Anyway, i sold today after 90% or so loss. + + +This has been my second or third worst performing pick ever, but it is by far my biggest loss, all the others had been small speculative plays, THQI (i was hoping for a buyout) CELH (hoping for a buyout) and PSTA ( one of my first stocks, maybe 300 to 500 dollars lost) +LCAV (one of my first stocks, a motley fool recommendation, no independant research at all) + + +and fucking FRO. + + +goddamn it. + + +A well, keep calm and carry on. I can afford the loss. i have learned something ( i hope) and i do hope for better days ahead. + + +tonight i'll have a beer (or 4 ) and read through their last annual report and quarterly statements just for old times sake. + + + + +In any case. My best to all of you. Often abrasive, occasionally helpful people. + + + +Based on SimplyWallst, I dig through some data and noticed some changes. Last month, Instituiton ownership was 70% and now there is 2% more than last month. + +https://preview.redd.it/h7fyw2fnw3r61.jpg?width=1216&format=pjpg&auto=webp&s=00f4f2444d70f76d593e28f44ff53968a0186280 + +This is chart to show Top Shareholders and RC owns right after BlackRock which is the largest Investment company in the world. Beside, George Sherman who is current CEO has way lower than RC. + +https://preview.redd.it/o546klaow3r61.jpg?width=1198&format=pjpg&auto=webp&s=8103ff24e1cd8bdc0b19d37698c8a5607a1111e7 + +Therefore, by looking at this Top Shareholder data, I believe RC will be soon take over CEO position of GME and I am looking forward to hear his public announcement. And we see you in the moon! 🚀 +I’m calling [bullshit on this post and OP](https://www.reddit.com/r/Superstonk/comments/spsa4v/a_warning_about_twitter/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf) who claims that “people also need to be aware that ZeroHedge is literally a Russian disinformation network” + +How exactly did you come to that conclusion from the report??! The report even says, “media outlets that echo the Kremlin Line but are not obviously affiliated with Russia” + +You then post an image of the “referrer” networks that Zero Hedge sources, or is sourced from. All of which have a pessimistic view of the current market conditions and capitalism. Also…Sorry to say this but theoretically anything anti-capitalist can be painted as “Russian Propaganda”. + +Just because it’s pessimistic to the current market conditions doesn’t mean it should be discredited or is part of a “Russian disinformation network”. This is fucking insane. So does that mean my finance professor is also a Russian Agent because Zero Hedge sourced his work?? The same finance professor that isn’t allowed on CNBC because he calls them complete bullshit. + +https://confoundedinterest.net/ +Is his blog with sourced information, Bloomberg charts, and a negative view of our financial leaders “Russian Propaganda”. I would love for you to review his posts, and you tell me…does he seem involved in a “Russian disinformation network?” + +That’s absurd and dangerous rhetoric to completely remove a media source that acts as a finance news aggregator that doesn’t tote the US MSM line and agenda. This is why Rogan is in the news, this is why sources like zero hedge are being painted as “Russian propaganda”, or why anyone posing questions against the financial system is a “Russian bot”. + +# Guess who’s next +Well guess what…guess who’s next in line to be deplatformed. r/superstonk your view on the financial markets can now be considered part of the “Russian disinformation network”. + +Furthermore, of course the words you aggregated from FX are pointed more towards Russia, Ukraine, Military. The same could be said about literally every news network right now. If you’re aggregating words from the last 2-3 months, you’re getting a small sample size of data centered around the Ukraine/Russia ongoing escalation. + +That post is fucking stupid and has 0 basis on any type of allegations. Source a Twitter account, or don’t. But do your research and think critically about who your getting your information from. + +I don’t care if it’s MSM, superstonk, or a Twitter account. If you start banning or buying into the “they’re a Russian propaganda network” you’re setting yourself up to fall on your own sword. +Many people talk about the benefits of negatively gearing into property, but I think it is dangerous. Suppose you currently negatively gear into property and have rental income of $1000 per month and interest expense of $2000 per month. You make a loss of $1000 and must continually work in order to pay this loss. Suppose you lose your job. You cannot pay the $1000 and will need to sell your house especially if you take longer than expected to find a new job. The bank will sweat on the lack of interest payments and force you to sell the house. This will have immense costs because selling a house means you need it pay real estate commissions, and buying another property means you need it pay stamp duty again. + +However, suppose you positively gear the property by putting more money into it. This means you have to pay tax against the rental income, but this can simply be offset by losses you make by negatively gearing into the stock market. So you positively gear your property and then use the excess cash flow to leverage into shares using a margin loan or Nab Equity Builder plus you redraw any excess equity from the home to put into the margin loan to then borrow more to invest in high growth ETFs with high capital gains and low dividends eg VDHG or A200 VGS IEM. You therefore slightly positively gear the property and negatively gear into the stock market. + +If you lose your job, the property is already positively geared. The rent covers the interest. You don't need to sell it. However, for the shares, you simply sell a few ETFs, which can be done very quickly and for low cost via your smartphone, and you instantly go from negative gearing status to positive gearing status, meaning the dividends cover your interest and any excess dividend income can be used to fund your early retirement. +Ladies and Gentlemen, I aped $100 into Pornrocket on Friday and am currently 9x. The market cap is approx $38m right now and I personally feel this is very very cheap for what this project is and what's coming. + + +Pros: +1) The team have already signed some big names in the adult world: Briana Banderas, Annabelle Rogers, Lissa Aires, Megan Hughes and more to come with announcements being posted on the official TG most evenings. +2) The app mockups look very professional and I think it will explode when launched. +3) CMC is listed, and CoinGecko should be coming imminently. There's about 10k members on the official TG. 4)There's also a very good promo on YouTube but I won't include the link here because CMS doesn't like too many. + + +Cons: +I appreciate there's a few tokens of this nature out there, I was an early investor in another one, but I honestly feel that $pornrocket has the action to back up the mouth. I just sold my bag on that other Rocket and put it into this + + +Anyway DYOR and check it out. I believe this is a serious moonshot, and am going to go up my bags after I drop this post. + +Contract: 0xcf9f991b14620f5ad144eec11f9bc7bf08987622 + +Website: www.pornrocket.co + +TG @prnrocketbackup (original got deleted for too much NSFW...) +https://www.investors.com/news/technology/click/nvidia-stock-gets-price-target-hike-graphics-card-demand/?src=A00220&yptr=yahoo + +"Nvidia (is) benefiting from continued massive demand for graphics cards, according to our supply-chain measurements," Eric Ross, chief investment strategist for Cascend Securities, said in a note to clients. Current-quarter demand looks "like a holiday quarter," he said. + +"We're not a fan of the Arm acquisition because there are huge hurdles in approval," Ross said. "There is a high likelihood this deal will die at the regulators (we're thinking China)." + +The deal will require regulatory approval from the U.S., U.K., European Union and China. + +Thanks for the awards. +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 is a nice trick that I’ve been using to put my countdown to retirement in perspective. Right now, I have 5-10 years until I retire (depends on my spouses decision to go back to work and stay as well as fattening up the nest egg. ) In some ways, it feels like a really long time. But looking back, 5-10 years ago doesn’t seen that long ago. + +So a trick is to look backwards the same amount of time. You can print some kind of picture or reminder of that event to put up in your work station, or something. The best part is that you can keep changing out the picture at a speed that is TWICE the pace of real time. + +For instance, let’s say that I choose something from 8.5 years ago. At 37 years old, that still feels pretty significant. I chose that because that timeline gives both my wife and I the option to retire, if we want to. 8.5 years ago, I had just one kid, lived in an apartment, and was approaching Christmas in 2008. We just went to a close friend’s wedding with our baby and danced out on the dance floor with him. It was a ton of fun and having that picture up can give me some perspective. "Gosh, it seems like yesterday that he was so little." + +Then every six months, you can choose another event that was 1 year later…making time through your memories go twice as fast as the timeline to retirement! Make sense? In 2017, I choose an event from 2009 to represent 8 more years. Then in 2018, I’ll choose 2011 to represent 7 more years…I jumped two years in only one. + +I think that has you get older, this will have a bigger impact. I can imagine that if you’re 23 and have 15 years until you plan to retire…thinking back to when you were 8 years old isn’t going to have the same impact as someone 47 thinking back to an event from when they were 42. + +What little tricks do you do to help put the timeline in perspective? + +We have everything set up to hopefully reach FI in the next 10 years and I can’t help but look forward to having more free time but I also don’t want to wish this precious time away. I’m working on being present now and trying not to think too much about reaching FI one day. I’d love to hear how you reconcile these two things and stay present. I guess it’s always going to be a challenge to tame our minds. + +Edit: Thanks for all the great comments! To clarify I’m not worrying/obsessing about FI or depriving myself, it’s more of a mindset question as I find myself fantasising about FI which takes me away from being content in the present (sometimes, I do my best to return to the present). The set it and forget it advice has been a helpful reminder. :) +Does the IRA expire? Does the account owner have to withdraw all the money before the IRA goes past the contract year? What if the IRA exceeds the contract year but the account owner is not at retirement age yet to withdraw any funds? +This is the second time this has happened to me. I pay off my credit card bill, and the next month it shoots up a little only to fall significantly the following month. Is this par for the course? Should I up my utilization? Will my score decline again next month? +I have heard a lot of different things about life insurance. My mom says it's a waste of time because once you stop paying it, it just disappears. But I have also seen a lot of things on TT that I don't know if it's reliable info to go off of or not. +Which type of life insurance would be best for my baby? Will it help me save on taxes? How does it all work and how do I know which one to go with? +Since inception (60 + years, almost 100 years if you cont the early days aswell) the S&P 500 has had an average return of about 10%. S&P 500 tracking ETFs have become the most mainstream investing method and many investors are betting the majority of their life savings that S&P 500 will keep going up. + +Why are people not investing in a triple leveraged S&P 500 ETF like UPRO if we are so sure S&P will keep going up. Or perhaps a 2x leveraged like SSO with even lower expenses. + +The downsides i see: + +The expense ratio, but it is only at 0.91%, the actual benefit of getting over the double return of S&P outweigh the actual expenses by a landslide. + +The only other problem i see is the perceived risk, it crashes way harder than the S&P but it also recovers way harder, so if you just stay true to your prinicpals as if it was the actual S&P and dont let emotions influence decision, then you would stille benefit way more. + +So im wondering why isnt it talked about more? What are the downsides i havent realised? Why is my goto investment not UPRO or SSO? +Hey all, I was just looking for some advice on how to use some of my TFSA room. I am 22 and currently have about 12k left of contribution room in my TFSA this year, which I am looking to max within the next year. Currently, I have a WS trade account (TFSA) which for the most part contains individual stocks, but recently I have been adding XEQT to my portfolio, and I am looking to focus on that now, rather than the individual stocks. I also opened up a WS Invest(TFSA) account recently and the portfolio contains 90% equity and 10% Fixed income and GOLD, but I recently found out that I can have a portfolio which consists of 100% equites, which I am looking to switch to in the next few days. I like this Robo Advisor account with WS invest because I can make automatic contributions to it and not have to worry about that too much. So my question is, does it become redundant to have both these accounts now that I will be focusing on XEQT in the trade account and a 100% equity portfolio in WS Invest? I liked having the option to invest in two different ways rather than one or the other. +As we've all seen in the past month or so, energy is getting lots of attention. Oil Bulls have been talking about a potential energy crunch for months. It only seems to be now that oil and gas is getting consistent front page coverage on the news. + +All I've been seeing recently is bullish sentiment and news related to oil. I'd like some bear arguments. I want you to ruin my day with (realistic) bearish cases for oil. Although I'm bullish on Oil, I'd hate to see myself or others on this sub get burned. Looking at bear arguments is part of being a responsible investor. +Would like your advise on the following and what you would choose: + +Option 1: currently I have 43 shares of TC Energy and at the current price, I would need another 26-27 shares in order to DRIP. For this , I would need close to $1600 + +Option B: save some more money ($3K) and buy another stock (ETF) I have been eyeing for a while, mostly based on its lucrative yield (I understand that shouldn’t be my main factor) : the stock is ZWC.TO (ETF from BMO) + + +To do option 1, I would need another 1-2 months to save the money (already have close to $1K saved) while option 2 would take me min of 4 months. +There was a time i thought the market would go right back at the bottom. Now, with confinement rule starting to change around the world, im starting to think it could be behind us and that were moving forward from now on, with a couple bump along the way of course. +tl;dr: IB system didn't catch my overdraft trade, then automatically liquidated my position + +On Interactive Brokers, I placed a call order this morning at 9:30am EST, for an option that was $100 beyond the funds available in my account (No, I wasn't looking at the time I traded. I know you shouldn't open options until at least 9:35). So it triggered an automatic liquidation because I had a negative, causing about 40% loss. + +I spoke to their support team, and they advised that their system is supposed to catch an overdraft trade and prevent it, but the "system isn't perfect" and because it was made so soon after open, that's probably what caused it. They said they couldn't do anything about the loss. + +I'm just looking for a second opinion, or if this has happened to anyone else. I'm not going to starve from the money lost, it's not a lot, but it's not a small amount either. Thanks for reading. +hi am hoping to hear from some seasoned investors who've been long in the game. + +trying to diversify $200k of Telus stock...have 5-8 yrs 'til retirement, will have a a healthy db pension (am blessed) so don't need to rely necessarily on dividends to sustain my retirement. +I apologize it this is a bit wordy. + +I have recently sold $45k of Telus stock into my RRSP, using the money to buy other stocks for both growth and diversity, also keeping them in my RRSP for tax purpose... i don't necessarily need to cash these amts out either even when i'm near or into retirement (most thankfully due to my db pension esp once OAS and CCP are added in). I'm also still saving about 8-10k per year to max out my TFSA and RRSP. + +I was reading some comments in a globe and mail article from many older investors and it seems a bit of a myth of the 60/40 rule: many of them were also into growth stocks too..sure perhaps not as fully as a 30 something person would be, but a good chunk of their investments were. + +so just wanted to imput please that can be constructive and fodder for more thought. + +many thanks, successful investing to everyone. +I've seen people argue both sides of this and I haven't been able to find a definitive answer anywhere. In US markets, price improvement for order execution is a big enough deal between brokers that third parties even track it. + +[https://www.stockbrokers.com/guides/order-execution](https://www.stockbrokers.com/guides/order-execution) + +So one of the big arguments against some of the commission free brokerages is that you are getting screwed on hidden costs on the order execution side. In Canada it seems that Trade At regulations limit price improvement between brokerages but I've seen other people argue that their order executions on WS Trade for instance are much worse than with other brokerages. Does anybody have a definitive answer? +I'll preface by saying that I'm fairly new to self directed investing so please be kind. I've be told that real estate can be a good option for TFSAs due to their dividend yields and monthly payouts. I only have a few shares in the HR.UN REIT but would like to hear more opinions on REITs in general or other REITs that you like/dislike. Cheers! +The ISCCC Conference is one of the most prestigious events in the chip industry. At this years conference Intel is set to outline a new "Bonanza Mine" processor, a new chip described as an "ultra-low-voltage energy-efficient Bitcoin mining ASIC. + +This means that they will soon compete with the likes of Bitmain in the market for specialized ASICs for Bitcoin mining. + +Last year Intel's Systems and Graphics Architect, Senior Vice President and GM Raja Koduri said this about crypto mining: + +*“Being able to do much more efficient blockchain validation at a much lower cost, much lower power, is a pretty solvable problem. And you know, we are working on that, and at some point in time, hopefully not too far into the future, we will kinda share some interesting hardware for that."* + +We will know more details after the presentation on 23rd February, 2022. + +[Source](https://www.tomshardware.com/news/intel-to-unveil-bitcoin-mining-bonanza-mine-asic-at-chip-conference) +Hi Personal Finance, + +After being subscribed here for a fair while, I find that I'm in serious need of advice, here's the scoop; I'm a final year student who's just finished exams, I've got a part time job that averages around £100 a week. A previous job has sent me a letter saying they overpaid me (which after checking turns out to be true), they're claiming just under £3000 to be paid in the next 7 days. I don't have any assets or savings (I get the bare minimum from student finance so have to rely heavily on student overdraft facilities just to survive). + +I've emailed my previous employer, asking for more time and whether they will allow me to pay in installments and will be going to the bank early tomorrow to try and sort out seeing an adviser. +Overall however, I was wondering what options for lending there is out there. I've only ever had to use my student overdraft, have never had a credit card and I'll be honest I'm not sure what the best option will be for this. + + +Any advice will be much appreciated! +With everything dropping my eyeballs see low numbers and I feel like *NSYNC buy buy buy but I don’t see anyone talking about the drop 🤔 which leads me to understand that this drop is not as exciting as my simple mind may think. Unless….? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +I think we can all agree that tps numbers can be hard to compare between chains. Some chains can pin 10000s of native token transfers, but things get weird when you start to compare smart contracts. + +I posted about [this metric](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581) in the Algorand subreddit for determining throughput of different blockchains in the fairest way possible. That is using an AMM “uniswap-style” swap as the benchmark. + +The authors of the medium article linked in my original post tested the smart contract throughput of some of the top smart contract platforms *empirically*, and they found that these chains to have the following AMM-swap tps limits: + +* Solana Mainnet Orca - 273 swaps +* BSC pancakeswap - 195 swaps +* Polygon quickswap - 95 swaps +* Axax Trader Joe - 176 swaps +* Celo Ubeswap - 50 swaps +* Ethereum uniswap v2 - 18 swaps + +Now Algorand can handle ***1625 AMM swaps per second on Tinyman.*** + +For reference that is: + +* 6.0x more than Solana +* 8.3x more than Binance +* 9.2x more than Avalanche +* 17x more than Polygon +* 32.5x more than Celo +* 90.3x more than Ethereum + +[ Algorand can now do more than all of these chains combined ](https://preview.redd.it/cf418jlntbp91.png?width=1653&format=png&auto=webp&s=3380eddec452dadf44357fdc6cce837d83b7e587) + +Algorand's new upgrade reduced block times from \~4.5s to [\~3.8s per block](https://twitter.com/d13_co/status/1572601758744215552), and there has already been [a block with 25k transactions in it](https://algoexplorer.io/block/23593702) on the mainnet which translates to approximately 6500 tps. + +Thanks to the insight of [/u/abeliabedelia](https://www.reddit.com/u/abeliabedelia/), based on the opcode budget limit for each transaction, it was determined that ***a tinyman swap requires 4 transactions***, which means that Algorand’ TPS divided by 4 is approximately equal to its ability for smart contracts per second. (6500/4) = 1625 swaps per second. + +And a special thanks to [/u/sdcvbhjz](https://www.reddit.com/u/sdcvbhjz/) for actually empirically checking and confirming the transaction count to be 4 standard transactions for each tinyman swap. + +Edit: added words +Just today the President of El Salvador and the CEO of Binance trolled Peter Schiff on a tweet about Bitcoin. In the tweet Peter Schiff, the well known Gold-believer and Crypto hater, said that Crypto failed and now institutions are going to back out (meaning that he acknowledged at the first that institutions have actually invested in crypto) and that Saylor nor Nayib Bukele have the guts to hold up crypto now. + +Nayib Bukele, the president of a whole country, had enough time to respond here and asked "How's your bank going?". That's a pretty big troll to Peter Schiffs recently set up banks that got closed by Puerto Rico. And yes that was quit some emotional damage. The CEO of Binance responded do his tweet with a Bitcoin meme too. + +Even in a bear market we getting no pause on some casual Crypto Twitter drama. +[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/) +What are you experiences like? I read somewhere that McDees is approx £200k to open a new franchise? I think cakebox is doing really well; I know two that have opened near by and they are always packed. +Is it something that you can set up whilst working? +Warren Buffett is quoted as saying that his favorite holding period is forever. My question is can this strategy actually work in practice? + +If the average person started off with a $10,000 investment could they realistically turn that into $1,000,000 without ever putting in any additional money, and how long would it take? +There’s a US subreddit on above, effectively ideas and reverse-engineering strategies of how to maximise points, sign up rewards, etc to get some deals whilst cancelling stuff quickly etc (does not promote getting into debt!). + +I get the feeling that the above would work well in the US, but a tricky one in the UK as the opportunities / rewards just aren’t that great? Haven’t looked it in properly but keen to hear from others who may actively be doing this in the Uk +A recurring piece of advice given in r/PF is to sell your new or newish car and buy a cheap used car to help pay off debt. + +This is curious to me because it seems like it comes with a fair amount of risk. I personally wouldn't want to choose something that ends up costing me money, time or frustration in the long run...thereby damaging the goal of paying off debt. + +Basically, how are you not pouring money into unexpected repairs? + +Is it because: +a.) You have a relative/friend that "knows" how to help you choose a "good" used car? +b.) You have an existing good relationship with a mechanic? +c.) You are a mechanical engineer or mechanic yourself? +d.) Other? + +Just curious why these cars are not risky in most people's opinion? + +And for context, my debt is not eating me alive, but I have about 10K equity in my car right now and some low interest card debt. I am considering selling and buying used but I am just scared of the risk from my perception. For the record I definitely could understand maybe taking the risk if someone is drowning in debt (super high balance/interest rate, low income, etc.). + +EDIT: I did not expect this discussion to be so popular as it is my first Reddit post ever. :-) Good points below, I did not expect so many folks to share my thoughts on the risk! Those folks valued the peace of mind...which I do as well. Many of you who are proponents of the magical $3000 car mitigated that risk because of a-c above, earning to do the work on your own or knowing the seller of the vehicle. +Last time the price of Bitcoin was changing wildly a lot of you expressed a want to ban such posts. As an experiment, we are starting a temporary ban on such posts for the time being. Please report any memes, meaningless posts about the price ("400 USD/BTC, Bitcoin's crashing!" without any extra content for example) or emotional posts (both written under emotions and created to influence the emotions of others). + +This is a temporary ban and a test whether this is a proper approach to take during such situations to make /r/Bitcoin a useful resource even during times of rapid price changes. Feedback is welcome - this is an experiment after all. + +If anyone wants to post memes, please go to /r/bitcoinmemes , or for everything else go to /r/BitcoinLax (a more lax subreddit). + +EDIT: + +This ban is mainly aimed at non-content posts. **You can discuss and talk about** the current situation and price crash, but don't resort to posts like "OMG! Bubble popped! Sell, sell, sell!", or "400 USD/BTC WTF?". + +The reason the ban was put in place is to reduce the volume of short, meaningless submissions to give posts about actual news more exposure. [Here is a comic explaining how this works from /r/Atheism](http://i.imgur.com/fjZNq.png). + +---- + +For your regular FAQ, please go to http://www.reddit.com/r/Bitcoin/comments/1r9pqh/rbitcoin_faq_newcomers_please_read/ +My car blew up almost 2 years ago and my parents lent me $2000 to fix it, with another $2500 on top for a brand new engine. It was cheaper than a new car. +After working 2 jobs for the last year, and paying them $30 here, $100 there... I just visited them and paid off the last $500 in person. Then dad proposed a beer to celebrate. It feels good... +Billionaires, tech CEOs and top members of the Republican establishment flew to a private island resort off the coast of Georgia this weekend for the American Enterprise Institute's annual World Forum, according to sources familiar with the secretive gathering. + +The main topic at the closed-to-the-press confab? How to stop Republican front-runner Donald Trump. + +http://www.huffingtonpost.com/entry/aei-world-forum-donald-trump_us_56ddbd38e4b0ffe6f8ea125d +**First of all, what are ZK-Rollups?** + +Well, simply put, zero-knowledge rollups or zk-rollups is a Layer 2 scalability solution that allows blockchains to validate transactions faster while also ensuring that gas fees remain minimal. Zk-rollups manage to perform better than traditional Layer 1 blockchains like Ethereum because they combine on and off-chain processes.  + +Layer 2 solutions and zk-rollups are the beginning of the next era of blockchain technology and advanced cryptocurrency systems.  + +ZK-Rollups work essentially without presenting new security, trust, or assumptions, that would otherwise affect the decentralization of the L1 they are running on. This is pure scaling without any trade-off. It is favoured as a way to scale a blockchain by a factor of 50–100x, at minimum, its literally like saying that Blockchains are going 5G. + +**Why is this important?** + +For one they lower the gas fees instantly (looking at you ETH). Also they boost the speeds by huge amounts. + +But the main focus is scalability. We've been experiencing the lack of scalability in the Top 10 Smart Contract Platforms for a reason, its because they can't handle the amount of transactions being made. + +That's where ZK-Rollups come rollin, in ZK-Rollups the more users use it, the more scalable it becomes, without sacrificing decentralization. + +*If you want a more in-depth information on ZK-Rollups and blockchains* [*read this article*](https://jsidhu.medium.com/the-ultimate-guide-to-rollups-f8c075571770)*.* + +**Where to invest?** + +So you want to invest in ZK-Rollups, there's some projects that are researching and implementing ZK-Rollups, I'll list them here and please do research on them before investing. + +**Syscoin (SYS)** + +**Loopring (LRC)** + +**Immutable X (IMX)** + +**Dusk Network (DUSK)** + +**Polygon (MATIC)** + +Those are my top picks for ZK-Rollup projects, but there are some more that still don't have enough credit to list them here. + +If you have any projects you think should be here feel free to drop in and talk about them. +Hi, as the title says I lost my job today they told me over the phone, official meeting is Wednesday. I was still on my probation and I'd only been working there 11 months. + +I was working as a coffee roastery engineer and they hired me with no experience, can't really go back into the same industry. I do have a degree in 3d rendering and design. I was thinking about doing freelance 3d design but I don't have the savings to start up with that. + +I live in a town in wales where there aren't a lot of jobs going even before covid. I don't have any savings left. Should I apply for universal credit? Is there anything else I could apply for? + +Really stuck with what I should do, I really don't want to lose my place etc. Any information or links would be super helpful. + +Thanks +I have the option of voting, and I have no idea what that means. Google searches return a variety of descriptions in other industries, come from unreliable sources, etc. + +What are the fund managers trying to do here? Is this good for me? Bad? How does it affect the fund? +Hello UKPF, I'm about to rant a bit because I need to vent, more than anything. Also, throwaway account for reasons. + +&#x200B; + +So, I'm married, no kids, 18 years left on a very low mortgage (c.a. £500 p.m.) for a house we love, and we both have a stable job with good career prospects, with a combined salary of £47,000. No outsatnding debts besides the mortgage. So you might ask, what's your problem? You're not rich, but still better off than many people in this country. + +&#x200B; + +Well, it's my family. They're back in our homecountry (I'm not British) and are in deep shoite. My mom liked, in the past, to collect debts as if they were Panini football stickers. She has stopped now luckilly, but she's still repaying debts and 50 and unemplyoed, solely relying on her mother state pension (higher than UK state pension, but still not that great). I'm mean, I absolutely love her but her financial sense is like Gordon Ramsey's self control: inexistent . + +&#x200B; + +She also has to provide sustainment to her mother (my granny OBV), my 18 y.o. brother who's going to start Uni soon (thankfully our universities are around £200-£300 a year, excluding transportation, textbooks and so on), and my brother's father, on the verge of senility. Too bad my brother has now found out that he likes working on cars, but not as a job. He won't stop buying expensive and useless stuff for their car, wasting a poopload of money every month on a stupid Italian car, which is already a money pit as it is; it's an Alfa Romeo, so you know what I'm talking about. + +&#x200B; + +Then there's my brother's father (we are technically half-siblings), which has just racked up a £15,000 debt, and no one knows how or why, not even him. Told you, he's on the brinks of senility. Guess who has to repay it? My mom. + +&#x200B; + +And finally, my sister. She is a nurse, lives in the same country as my mom but much further away (like 800 miles). She's the only bread winner in the house, since my B.I.L. is unemployed. He tries hard to find a job (he really does), but they're in a country where unemployment rate can get up to 50% in certain places, and if you're older than 30 good luck finding any job. Also, they have a 7 y.o. kid. + +&#x200B; + +My B.I.L. has now been arrested because of a jurisdictional error. He's been accused, for revenge, of a crime he never committed. No, there's nothing we can do now to get him out of jail, and there is no concept of bail in our country. All we can hope for now is that his case will get picked up by a different judge in 5 years time. Yes, our "justice" system absolutely sucks. So obviously, now it's all on my sister shoulders, including having to find and pay someone to care for her kid while she works (of course she's a nurse and works on 3 shifts). No, the hospital doesn't care about it and won't give her better shifts. They would move here to a much further away place and force her to quit her job, rather than help her out. And of course, they have known for 9 years that he risked jail time, but did they tell us? No! We would have paid him a good solicitor (lawyer? Attorney?), so he would have gotten away as he should have, but they decided to just shut up and use that imbecile that calls himself a lawyer. And why? Because they were scared we would judge them. + +&#x200B; + +Oh, for fuck's sake. + +&#x200B; + +And at the end of the day, who's getting the financial burden of this mess? Me, with a £19,000 p.y. job, in a different country (the UK, OBV). Now that I finally had the courage of quitting my stupid last dead-end job and found something I like and gives me a nice career path. I wanted to start putting some money aside, because I don't have any rain found at all, but noooooo, gotta bail them out every month, leaving me with £500 to live every month. That's 500 pounds at the start of the month, to pay for expenses and food (excluding mortgage, luckilly). I was also hoping to set some other money aside and go on holiday with my wife at the end of the year; she works hard and she deserves it, but again no, can't afford it. Guess also who has to borrow money from his wife, to send to his family? And of course she tells me not to worry about it, but no chance I'm borrowing money from her without repaying her back. That's her hard earned money, and I don't want it to go wasted on some idiots too scared of asking for help BEFORE any damage done. + +&#x200B; + +I could go on and on, but I'm cutting it short here, as I'm pretty sure half of you have already fallen asleep. So yes, I might be doing well on the outside, but fuck me I'm not. And of course, in our country there are no charities like stepchange and no, we can forget about state-paid lawyers. + +&#x200B; + +My life is so messed up, but I gotta keep going. Don't know where to find the will to, but I have to. No don't worry, I'm not feeling suicidal at all, I just want to thell them to fuck off and leave me alone but I can't, I love them too much despite all of this. + +&#x200B; + +Rant over. +I noticed a lot of questions here on Private Health Insurance. I came here looking to answer the question "Can I drop my insurance for a couple of months without getting any penalties". I eventually ended up on a website where I could put in my details in a form and it gave me the answer. I can take 1094 days without cover without any penalties. + +Am I missing anything obvious here, or can I infact, drop my PHI? This could be a way of saving lots of money on monthly premiums. + +https://preview.redd.it/n7dhukuqdrl71.png?width=1042&format=png&auto=webp&s=4423c899a2c93957f2e076b2d3cd36a68105f2b0 +I've had a small windfall - certainly welcome, nothing to write home about, but it's led me to thinking: + +If you came across a large sum of money, what would you do with it, and how would your actions differ if the amount was: + +$10,000 + +$100,000 + +$1,000,000 ? + +This is on the assumption that the money would be used to contribute to your financial independence. + +And what if you had existing debt like a mortgage? How would that factor into your use of the money? + +I feel the answer is easier with the smaller amounts, but with an extra $1,000,000 my thought would be to use it to earn passive income that would pay the mortgage off on its own. + +Thoughts? + +&#x200B; + +PS Not looking for financial advice, just discussion. +[Full AFR Article](https://www.afr.com/policy/tax-and-super/hostplus-slugs-members-with-a-new-fee-to-pay-for-fines-20220217-p59xex) + +Extract: +Hostplus will slug its members with a new monthly fee from March 31 as the fund looks to build a $54 million rainy day reserve to pay fines levied against its directors. + +The $82 billion industry fund wrote to its members last week to inform them of the new fee, which it says it must impose to avoid becoming insolvent because of amendments to the Superannuation Industry Act. + +The fund will charge the monthly fee until its new “special purpose reserve” reaches its $54 million target in December 2024. A Hostplus member with a balance of $50,000 will chip in $40 over the next three years to capitalise the fund’s penalty reserve. + +Hostplus is the first industry fund to build its penalty reserve by charging its members a new fee. Other industry funds, including AustralianSuper and Cbus, have transferred money from their general reserve to capitalise their new rainy day accounts. + +In a note to members, Hostplus said it would be “fairer” for members if it charged the fee on a monthly basis over three years rather than deducting the amount all at once. +[Link to video here](https://youtu.be/xguam0TKMw8) + +The video is 43 mins long, but well worth it IMO. For those who don't want to watch it, the video is about the history of money from the basis of global economics and how throughout history there has been a pattern where a country and its economy will rise, become the most dominant and then fall. These countries appear to follow a cycle by which they rise to power, hold that power and then eventually lose it and how we are currently seeing it play out with the US and upcoming China. + +I thought it was very interesting and I'm definitely not knowledgeable enough to debate it or find anything wrong with the video's message. Very interested to get other peoples take on it. +Throw away account for obvious reasons. In the last 6 months I have been told the man I called Dad is not my biological father. He is a 65 year old heroin addict who physically abused my amazing mother for 20 years (including the first 12 years of my life) so honestly, no love lost and my main feeling towards not sharing a genetic code with this man is relief. + +I just turned 29 and my biological father has known I existed since I was 2, he didn't want anything to do with me but asked my Mum to send him updates over the years. In February he passed away and had never married or had any other children, I didn't know he existed until being contacted by the executor of his estate. + +I've never had more than $5k to my name and am about to inherit a house in Sydney's Eastern suburbs. I have NO idea what to do! +My parents bought their house for 126k in 1985. The house now is worth 600k. + +If I invested 126k into the Dow Jones in 1985 it was trading at 1500... Now it's at 28000.. more than 18x it's value. The investment would be worth 2.5 million dollars! + +Not to mention the price of renovations, mortgage interest rates, taxes..etc ... + + +Why the hell should I buy a house as an investment??? Stocks require 0 work and I can liquidate them with a push of a button. +&#x200B; + +## What is a Put Credit Spread? + +A Put Credit Spread (which we will refer to as a “PCS”) is a Options Spread that utilizes both long and short puts to minimize risk, and earn credit. + +When you open a PCS, you are writing/buying 2 different contracts: + +* You are **Selling a Put**, and receiving Premium for it +* You are using part of the Put’s premium to **buy a Put** under the Strike + +&#x200B; + +[Profit Graph for a Put Credit Spread](https://preview.redd.it/gq308ekuszg51.jpg?width=1024&format=pjpg&auto=webp&s=4b32551248411b2d5c3500e4529a6826eb508a1a) + +When you open a PCS, you must hold cash as **collateral**. This can be calculated by the following equation: + +*(Short Put Strike Price — Long Put Strike Price) x 100 = Collateral* + +Since buying the Put costs less than the premium received from selling the Put, you end up with a net **Credit** to your account. + +Now that I have explained the basics, lets clear any of your confusions with a simple example. + +## Put Credit Spread Example: + +>SPY is trading at 335 today + +Now lets say that I am confident that SPY will stay above 330 for 1 month. + +I only have $100 to spend on this PCS, so I have to pick strike prices that are $1 apart. For this example, I will: + +* Sell a 30 DTE $330 Put on SPY for $6 in Premium ($600) +* Buy a 30 DTE $329 Put on SPY for $5.50 in Premium ($550) + +**Now that we have opened our PCS, lets break down our returns.** + +Our net credit that we recieved is 600–550 → $50Our collateral needed was (330–329) x 100 → $100Our % Gains on Collateral are 50% + +**Now lets look at all the possible outcomes on Expiration.** + +* SPY expires above $330: We walk away with a $50 profit. +* SPY expires at $329.50: We break even, because our $50 loss on our spread is offset by our $50 in premium that we receive. +* SPY expires between $329.50 — $329: We start to lose money, which can be calculated by *(($330 — Expiration Price) x 100) — Premium ($50)* +* SPY expires below $329: We reach our max loss, which can be calculated by the equation: *Collateral — Premium* + +>*Great job, we just ran through a realistic example on what a Put Credit Spread would look like!* + +Now let’s look through some tips to maximize your profits, and finding that perfect balance between risk and returns. + +## Tip #1 → Choose a Stock that you are Bullish on + +When you open a PCS, you are betting that your stock of choice will trade above a certain price. + +Because of this, it is important to only open Put Credit Spreads on stocks that you are bullish on. + +Do not choose a stock solely because of its high premiums, as they are high for a reason; that stock will be much more volatile than others. + +## Tip #2 → Follow a Concrete Exit Plan + +When a PCS turns out to be too risky, or is near worthless, it may be better to try and close the position. + +You should have a very clear exit plan that you will stick to no matter what, as PCS’s can reverse and tank very easily. + +A very popular “Theta Gang” strategy is to close any positions once they reach 50% profits, and never close at expiration. + +## Tip #3 → Diversify Your Strategy + +If you have a medium-large size account, then you will have enough cash in collateral to open up numerous PCS’s. + +In this case, do not put all your cash on one stock, as if it reports bad news, your entire account could be wiped out. + +Instead, choose your favorite stocks from each sector, or use ETF’s to lower your individual risk of a stock crashing. + +## Tip #4 → Dont Play for Pennies + +Although there are many options strategies that utilize small gains over long periods of time, Put Credit Spreads are not one of them. + +If you sell PCS’s for pennies or low premiums, then one bad trade will lose months worth of gains. + +Although it may seem more risky, upping your strike price on a bullish stock can contribute to higher returns. + +## Tip #5 → Don’t Make Your Spread too Wide + +When you open up your PCS to wider strikes, you are required to hold more cash as collateral, because your max loss is greatly increased. + +If you want to play it safer, it may be beneficial to open up PCS’s at different strikes, rather than keeping your PCS wide. + +*I hope that you found this article beneficial, and can utilize Put Credit Spreads in your next options strategy. Remember that this is educational, and does not constitute any financial advise. Thanks for reading!* + +# [Full Article Can be Found Here](https://medium.com/@ProjectTheta/put-credit-spreads-explained-for-beginners-abf93e48be48) + +EDIT: I was asked to put this into the article, as an explainer for some confusion: + +Break even, max profit, and max loss values ONLY APPLY AT EXPIRATION. You can only gain the full premium, or reach your max loss potential if you hold your contracts till expiration. Many people prefer to close out of contracts in a specified amount of time, like 1 month, or 30dte. + +Max profit comes with max risk and max holding time, so please, CLOSE YOUR POSITIONS BEFORE EXPIRATION. To learn more about this, you can see this article: Risk to reward ratios change: a reason for early exit (Redtexture). +Recently Oyster Pearl exit scammed using a breach in the smart contract which led to creating 3M tokens from thin air and the CEO exit scammed by selling it on Kucoin. However, the Substratum smart contract also has the capability to \[mint tokens out of thin air\] ([https://etherscan.io/address/0x12480e24eb5bec1a9d4369cab6a80cad3c0a377a#code](https://etherscan.io/address/0x12480e24eb5bec1a9d4369cab6a80cad3c0a377a#code)) + +That is not the only thing.[https://www.youtube.com/watch?v=qdeOXfvXAO0&feature=youtu.be](https://www.youtube.com/watch?v=qdeOXfvXAO0&feature=youtu.be) + +In this video they supposedly did a token burn, but their definition of token burn is to just send tokens to another wallet in which they own the private key. Their smart contract was a copy paste from skincoin which did not have a burn function. + +When these two topics were brought up the response was: + + +a) this is not a security issue since only the dev team has access to it ( that’s absolutely the problem isn’t it?, you shouldn’t even have access to it, this is like saying only Bruno from pearl can do it anyway!) +b) the blockchain is public anyway so you can monitor any transactions. (WTF?) + +There is absolutely nothing stopping minting tokens + selling the “burned” tokens in an exit scam. Their contract can be abused in a similar function with PRL , In fact the Substratum contact function is even more desirable to abuse since it doesn't require the culprit to send any Eth to collect the freshly minted SUB + +Proceed with caution. + +EDIT: [https://medium.com/@YagamiLight/the-technical-red-flags-of-the-substratum-network-sub-1f34e8b5ffcb](https://medium.com/@YagamiLight/the-technical-red-flags-of-the-substratum-network-sub-1f34e8b5ffcb) + +an article for more info on the subject. credit to YagamiLight. + +As for their excuse that it was in the whitepaper to begin with (its a lie and It also doesnt excuse it) , I found out that they made two whitepaper, a pre and post ico sale. Im still waiting for a response from the moderator. + +[https://www.reddit.com/r/CryptoCurrency/comments/9sp8nt/scam\_alert\_substratum\_has\_a\_similar\_minting/e8rd97g](https://www.reddit.com/r/CryptoCurrency/comments/9sp8nt/scam_alert_substratum_has_a_similar_minting/e8rd97g) + +&#x200B; + I'm making this post to help Apes protect themselves and their families after the MOASS. Most of us are going have more money than we've ever seen in our lives. It's going to be insane. + +Obligatory disclaimer: Not financial advice + +Don't be stupid with your money. Seriously. When you get your tendies, let's say you make 100 million dollars, here's a few things you want to do first: + +1. Get a good lawyer and accountant for your taxes + +Taxes are going to be around 50% of your earnings. That's a huge chunk of money. Say what you will about taxes, but 90% of our tax money goes to corrupt bureaucrats and money laundering, while our roads remain dilapidated. Generations ago, people didn't even pay income tax, because they were already charged tax in other ways. You pay income tax, property tax, sales tax, capital gains tax, there's double taxation when you want to give your family money, all sorts of theft that they'll use to squeeze every single penny out of you. If people like Mitt Romney and Jeff Bezos can get away with only paying 10% in taxes (or not paying taxes at all), why should we pay 50%? Hire a lawyer to sort out the legal loopholes, take advantage of the opportunities at your disposal, and pay as little taxes as you can with these loopholes. Now with that extra money saved from taxes, you can use that money to actually be a real help in your community, instead of being complicit in a corrupt system and letting your tax money get wasted by the frivolous Bourgeoisie. + +2. Look into hiring a PR firm to clean up your digital footprint + +We are going to piss off a lot of billionaires after all is said and done. I know a lot of us treat it as a joke, but the elite are vindictive. Remember the panama papers that exposed an elitist criminal conspiracy to hoard stolen wealth in offshore accounts? Yeah, the journalist that exposed it was assassinated. You think they won't try to trace each of us after this and 'make us pay'? Even if you don't believe you did anything wrong, they can easily get the media to paint us as the bad guys and come after us. If you feel you left a big digital footprint here are the MOASS, consider hiring a firm to erase it for you, make it harder for a billionaire to quench his vendetta against us. That's especially why I don't advocate anyone posting personal pictures of themselves and their families in this sub. + +3. DO NOT BRAG ABOUT YOUR WEALTH. KEEP YOUR MOUTH SHUT!!! + +Don't be that douche that goes around telling people "oh man I made $50 million. Look at me haha". You will attract unwanted attention. Don't believe me? Take a look at Exhibit A: + +&#x200B; + +https://preview.redd.it/nya7a3on2w771.jpg?width=827&format=pjpg&auto=webp&s=e2a081e06b9fdcf50773856a43664a38a2e30957 + +&#x200B; + +https://preview.redd.it/8egbp5oo2w771.jpg?width=827&format=pjpg&auto=webp&s=f1023d539d6f070fc346aeed516345252d9292e7 + +https://preview.redd.it/h6kfykwp2w771.jpg?width=827&format=pjpg&auto=webp&s=af29f0e1b11f9685f28767cf571259941f0cd9a7 + +\^ This is Jack. He won $300+ million in the PowerBall. He said it ruined his life. Want to know why? + +Everyone knew about it in his town. He showed his money around, so they all came after him, demanding and expecting he solve all their problems and give them money. Every day his mailbox was flooded with requests for money. He was robbed several times. His friends sued him, strangers took him to court for even the smallest grievances hoping to get a few million out of him. It's kind of a nightmare when you think about it. + +“I pretty much lost everything I held dear in my life,” Jack Whittaker told ABC News. “I don’t like the hard heart I’ve got. I just don’t like what I’ve become.” + +Jack gave his daughter so much money she didn't know what to do with it. She bought drugs and died of an overdose. Jack's wife divorced him, and just last year, Jack was pronounced dead. + +This is only one example. There's many more where these came from. Stories from lotto winners getting assassinated by family to getting their lives destroyed by gold diggers and smear campaigns to losing it all from corrupt financial advisors with malintent. + +Be smart with your money, be quiet, you don't want unwanted attention. Do it for yourself and your family. + +4. Don't be a slave. Ignore those that try to control you and your finances. + +People will come after you, they will use all forms of psychological manipulation to get you to give them money. They will claim that you don't deserve that money, and that you must give it to them or give it away. Employers/employees that see you have money might, out of envy or greedy opportunism, apply price discrimination and raise the prices of their services only to you because you have more money. They will demand you give them more, higher tips, higher donations, pay higher prices than normal, higher expectations. They'll demand that if you don't use that money to solve their problems that you're a greedy, selfish money hungry parasite, or say something to make you feel guilty so they can subjugate you. + +Remember: You are not a slave. + +Your whole life you may have been a pushover, a wage slave, someone that was used and taken advantage of and never got to experience personal financial freedom. + +This money is yours, it belongs to you. You are not God. You are not responsible for solving every single person's problems. You might have millions of dollars, but your resources are still finite; you can't help everyone. You decide what visions you want to pursue with your resources. You decide the select causes you are interested in helping allocate your resources towards. DO NOT LET ANYONE tell you what you can or can't do with your money. If someone tries to guilt trip you into paying their rent or buying them a car or any of that, they are not your friend. They are trying to exploit your emotions for personal gain, which is a manipulative tactic, and makes them a toxic person you want to avoid. + +Again, you are in control of yourself. Take care of yourself first, then your family, friends, and finally respective communities and causes you're interested in. There's countless causes and people out there. You need to be frugal and decide which select causes you're interested in allocating/distributing your resources towards. You are not a slave to anyone, so don't let anyone make you feel forced into giving anyone money. If you feel comfortable giving a random person in the parking lot money, do it. If not, don't do it. It's that simple. You're not a bad person if you choose not to. What these people say are not what define you. You know the type of person you are by your goals and your own history. + +5. Be frugal. Don't waste your generational wealth on frivolous desires. + +The vast majority of lottery winners go broke within a few years (50-80%). Why do you think that is? Because they just got so much money that they don't know what to do with it. Keep most of it invested in multiple accounts after the crash. Crypto, Swiss Frank, Index funds with high dividend yields, so that you're still consistently growing your money and taking care of your family. Some people may think, "I will buy 5 mansions across the country". Have you factored in all the finances and laws that come with that (property taxes, utility bills, property laws, such as law of adverse possession that can allow squatters to steal your home in you leave it vacant for too long)? There's tons of variables you need to take into consideration before you go off on frivolous expenditures. Don't be wasteful. Sure, get a financial advisor if you want, but look into the person you're trusting to manage your assets and cash flow. Is this financial advisor trustworthy? There's been many reports of people hiring corrupt financial advisors that siphon off their wealth via embezzlement, misappropriation, or other means, and their clients never notice until it's too late. Again, be frugal, take all variables into account when considering significant expenditures, keep an accountant to manage your balance sheet, and think of your family's long-term economic future, as well as the opportunity costs related to your decisions. + +Please take these 5 points into deep consideration after the MOASS. It's ultimately your choice to decide whether or not you'd like to follow these points. Again, not financial advice. I'm simply an Ape that wants to help make sure his brother and sister Apes don't get taken advantage of after the MOASS, and that they have the long-term financial stability needed to reshape their lives, and in doing so, the future around them. + +Feel free to share this with an Ape you believe this post will help. See you on the moon! 🚀 +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. + +I am a 31/M, married, no kids with roughly $900k in net worth. I have only discovered fatfire recently but it fits my personal beliefs well. I am looking to retire by 45-50 with $7m in investable assets. I hope this post is appropriate for here. + +I work in the asset management industry. Last year, management decided to restructure our job titles to benefit the longer standing people at the firm. However, I was essentially demoted (no changes to pay though). + +It was communicated to me that nothing would change and it was purely cosmetic. However, I started getting responsibilities stripped (marketing, interviewing applicants, etc) without any communication. Management just stopped inviting me for these events. + +Further, our investment process changed to less flat and more hierarchical. I started to be micromanaged increasingly more. There has become a lot more bureacracy. During this whole time, management told me to just keep doing what I was doing. Area for improvement was communication skills, which is said to everyone here. No quantitative metrics are used so lots of subjectivity by management. + +Unsurprisingly, I was not happy but have also contributed the most research over the past year. Now, I have just been promoted back to my original title. I still can't see how I can ever trust management again. + +I currently make $230k all-in and have been interviewing for another position. I do not work in a major asset management hub so opportunities are scarce. Due to family, I am unwilling to move. + +Edit: Wife makes $180k. I am expecting comp to conservatively top out around $300k by 40. + +The new position would be a step down in title and pay. I would expect $180-$200k all-in. It would also cut my commute by 20 min each way (currently 70-80min each way). The promotion schedule at new place is unclear. + +Is it worth making the change to the new job? This is not my first job change so I am wary of grass is greener mentality. Any suggestions on how to evaluate culture at potential new firm? +There's a lot that's already been posted about investments and whatnot over the past week or so. Yes, there will probably be stocks at a discount (once we hit bottom, not that anyone knows where that'll be) and some folk will have to sell luxury goods for cheap. + +However, there are probably also things -- experiences? other odd assets? -- that people don't realize are more economical in a downturn than in good times. + +So, fatFIRE -- what gets easier in an economic downturn if you're already fatFIREd or on the path to doing so? I'm especially curious for perspectives from folk that have lived through 2008/2009 or multiple previous recessions. Are there a set of things that are consistently more "worth it" in a downturn? Or do economic downturns tend to be too [unhappy in their own ways](https://en.wikipedia.org/wiki/Anna_Karenina_principle) for this? +Looking at building a brand new kitchen (first real kitchen) and we love to cook. What things did you learn from building your high end kitchen? + +Trying to understand if it's worth splurging on a Wolf / Lacornue or if Ilves is enough, or maybe even less fancy? + +Same thing for other appliances. Is a sub zero fridge really worth it? Or is it just a fancy brand to make you feel good about your status. + +Cabinets are also an interesting thing here in the US. Are custom cabinets really that much better to justify a 40k difference? +With FINRA on the frontpage for another ridiculous fine, I remembered how I once heard that Dave was on a FINRA Committee for Market Regulation. this was briefly mentioned in his AmA from over a year ago. [https://youtu.be/AYct0XX0uTU?t=7m41s](https://youtu.be/AYct0XX0uTU?t=7m41s) + +after that I never heard from it again so I [looked it up](https://www.finra.org/about/governance/advisory-committees#mrc) + +https://preview.redd.it/zqk87zd630591.png?width=1272&format=png&auto=webp&s=17039d8826e2ce5ed2d8da066959ef8162d531e2 + +8 members including Dave representing a company called Mile 59. + +I was surprised to find another company of his that I never heard before even though Dave is so active here. [https://mile59.com/](https://mile59.com/) there's dave's pic when you scroll down, it checks out + +https://preview.redd.it/jay679rt50591.png?width=1014&format=png&auto=webp&s=3fd81caa530c88deea28c364a99bbacaf37fe9bb + +The site is dated 2019 and here's how Mile 59 describes itself: + +>We help firms achieve Best Execution with this unique combination of a qualitative understanding of market structure and internal firms’ processes, along with a tried-and-true quantitative approach that has yielded significant benefits for our clients. Our approach and process has been developed with an understanding that each firm is different, has different priorities for execution and different order flow dynamics. We identify the appropriate benchmarks and metrics for each individual firm (or portfolio), and help to build research studies and reports around those. We are able to take a holistic view of each firm, and help them identify internal and external inefficiencies; from portfolio management to broker relationships, and from trading to legal and compliance. Our primary focus is trading and execution. +> +>We have not only built our own analytics platform for customized studies, but through our work with the AlgoFinance project, we have developed one of the most advanced simulation environments, capable of combining quantitative and qualitative results under a single unified framework. This unique approach which combines advanced analytics with a deep knowledge of market microstructure leads to better outcomes for asset managers. + +and + +>At Mile 59, we’ve helped dozens of asset managers, of all sizes (from $1B to $1T of AUM), adopt a Modern Approach to Best Execution. This is a forward-looking, future-proof approach that ensures these firms have adopted the absolute best possible practices given their size and trading activity. It means understanding what your peers are doing, and leveraging our expertise and exposure to many different firms in the industry to understand how to adapt peer best practices to a firm’s unique trading style and strategy. It means leveraging quantitative analysis of order routing data, which is often much harder than just buying some TCA software. +> +>It means realizing significant cost savings from optimizing order routing decisions and broker relationships. + +Mile 59 advises financial firms on algorithmic order flow, best execution, machine learning. The site lists a number of projects with pretty big firms: + +>Best execution procedures and ongoing quantitative analysis for $20B+ equity-focused hedge fund. +> +>Best execution procedures, ongoing Best Execution committee preparation/attendance and customized quantitative analysis across multiple asset classes for $15B+ hedge fund. +> +>Compliance consultant for $100B+ Quantitative Trading Firm regarding best execution procedures, Market Access Rule 15c3-5 and other compliance monitoring for adherence to best industry practices + +They're involved with blockchain too and have worked with another crypto exchange in the past. + +>Advising decentralized ERC-20 token exchange on US markets regulation, including FINRA ATS and SEC registration requirements. +> +>Advising financial services blockchain startup focused on custody and clearing. + +I had no idea Dave already worked in crypto professionally, does anyone know which ERC-20 token exchange and blockchain startup this is referring to? + +Another thing Mile 59 does is advise Congress and Regulators on critical market structure issues regularly. + +https://preview.redd.it/zlliak2v70591.png?width=1290&format=png&auto=webp&s=afc6ef69cf1defdded582476deb791b986ed9c5a + +I'm wondering with all these connections to politics and finance, have there been any interactions or conversations about GME and Ape DD, since Dave is in an incredibly unique position to bring up posts like The Everything Short, House of Cards, DRS DD, to his peers at the FINRA committee or even Congress and maybe get a real response. + +Also, does anyone know what Mile 59 and the FINRA Market Regulation Committee have been doing for the past 2 years? I couldn't find anything recent, no results for [Mile 59](https://www.reddit.com/r/Superstonk/search?q=%22mile+59%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) on superstonk and the [Committee](https://www.reddit.com/r/Superstonk/search?q=%22market+regulation+committee%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) was never mentioned again after Dave's AmA. + +apologies if this is old news, I'm only discovering this now and have a lot of questions 🦍💪🦍 +Foreword: Tried to publish this 2days ago, but it was deleted by Automod because of lack of Karma. Did some reddit grind and can now post. Since then these two post were published: + +[https://www.reddit.com/r/Superstonk/comments/nc8d2u/europoor\_here\_is\_carl\_hagbergs\_advice\_on\_how\_to/](https://www.reddit.com/r/Superstonk/comments/nc8d2u/europoor_here_is_carl_hagbergs_advice_on_how_to/) + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/ncg06m/german\_broker\_comdirect\_finally\_allows\_to\_vote/](https://www.reddit.com/r/Superstonk/comments/ncg06m/german_broker_comdirect_finally_allows_to_vote/) + +&#x200B; + +But I think I can still offer some valuable information with this post. + +\--------------- + +So many of us europoors get told from our brokers that we cannot vote on the upcoming AGM. The reasons herefor are veiled to say at least. Some of them tell you your shares are in the wrong depository, others just say we dont do this and others just dont know anything about it. + +&#x200B; + +After I saw this post : [https://www.reddit.com/r/Superstonk/comments/narx3v/important\_information\_from\_our\_experts/](https://www.reddit.com/r/Superstonk/comments/narx3v/important_information_from_our_experts/) + +&#x200B; + +&#x200B; + +I did some digging about the process behind voting within Germany ( I think this applies to most of the EU-Member States) and found out there is literally no basis for your broker to restrict your voting rights. **THEY ARE LYING TO YOUR FACE, IT SHOULD BE POSSIBLE TO EXERCISE YOUR VOTING RIGHTS.** + +&#x200B; + +So basically there is no regulations within the EU, that explicitly states your shareholder voting rights for non EU-based companies are guaranteed. But there is also no regulation in place that says otherwise. There is such a [regulation](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32017L0828) for shareholders of EU-based companies tho. + +&#x200B; + +&#x200B; + +As Carl Hagberg said in the AMA, this is a new scenario for brokers to deal with. Not many people were interested in shareholder voting outside of the domestic, so many brokers lack knowledge and motivation to implement a voting process. They are being lazy when they tell you that you cant excersise your vote. **There is simply no motivation to make voting happen for you ( since there is no regulations for it and/or not enough demand).** + +&#x200B; + +&#x200B; + +European brokers are using [Central securities depositories](https://en.wikipedia.org/wiki/Central_securities_depository) that are just like the DTC. Within these CSDs all shares of your broker are being held. For example : Clearstream, who holds a lot of shares from German brokers, literally provide a fucking [PROXY VOTING SERVICE](https://www.clearstream.com/clearstream-en/products-and-services/asset-services/proxy-voting) . So actually some of the brokers are bullshiting so hard in your face its unbelievable. + +&#x200B; + + + +If your broker can't answer these questions precisely and clearly: + +* Why are you not able to vote? +* Who decides which shares are eligible for voting? ( eg. only shares that are held within the domestic market of the headquarter of the company at the record date. But why do the shares have to be inside the domestic? There is no US legal reason herefor.) +* Which regulations are in place to restrict your voting rights? +* Who is the Central Securities Depository of your broker? ( Check their services for voting) +* Is the CSD restricting voting ? +* Why are other brokers allowing voting and you are not? + +I would bet they are just storytelling and don't want to implement a voting process for you. It will cost them money to do so. + +It is really fascinating that some brokers allow voting within Europe ( for example: DEGIRO and I heard of other german brokers to allow voting, **if you voted with your european broker pls share in the comments which broker it is, so other apes can take them as example for their own brokers)**. + +DEGIRO for example takes a 10€ fee to cast your vote, idk how much it cost them internally do this but I would bet that it is a lot less than 10€, so they are making mountain money on this. AFAIK Americans dont have to pay fees for proxy voting , correct me if I'm wrong. + +&#x200B; + + + +Please my fellow Euro Apes keep the pressure on your broker. Ask them the hard questions, demand an clear answer, ask about the technicalities, ask them to explain the process. And ask them to send you a written statement of their answers. If your conversation partner lacks the knowledge about these topics, kindly ask them to connect you to someone more experienced in this matter. + +&#x200B; + +&#x200B; + +Also think about contacting the [ESMA](https://www.esma.europa.eu/) ( European Securities and Market Authority) asking the same questions. Is your broker allowed to restrict your voting rights for non eu based companies? Why is there no mechanism similar to eu based companies to guarantee your voting rights? + +&#x200B; + + + +I already contacted them myself and their automatic answer is pretty lame. + +&#x200B; + +https://preview.redd.it/g6s3piea4az61.png?width=1516&format=png&auto=webp&s=406aeab80449b48ff812e37cf4cbc69d6733df54 + +It seems like their system is not for the individual investor, but fuck it, they are public domain and if enough people ask the same questions , they will have to answer our questions! + +&#x200B; + +&#x200B; + +Cheers! +ETA - So sorry I haven't responded to everyone yet. I'm busy stuffing envelopes. But you have given me so much great advice and idea's, I'm so encouraged, even if it's not what I always want to hear. You guys are the best. I am expecting about the same amount in another inheritance but I would do anything in the world not to get it. I adore my mother, I want her, not money. I can't even think about it. But maybe that plays into this, I don't know. I wish I knew more about money but alas. Huge thanks again! + +___ +I'll make this as clear as I can because it's messy! I've always worked low paying receptionist/admin jobs (yet very happy to do so, I LOVE helping people, it's been a good career), did well enough that I was promoted and so had a few management jobs thrown in. But, small paychecks and little financial education means zero savings. + +I'm 50 now, in a truly miserable job. (Was misled in the interview and am doing work I would not have agreed to -think, stuffing envelopes in a closet. Not far from what I'm doing). And, worse, I'm far from my mom who is older and needs a bit of help. Depression has me by my throat. + +Then a gamechanger. Thanks to a very wonderful, sweet relative, this summer I will have 215k. I have debt (15k) so plan on playing that off. + +With the money coming in, in a terrible job and at the stage of life I'm in, I'm now rethinking everything. I've always wanted to be a teacher. + +I have 15 years left of work in me, if not more. If you were me, would you: + +1) Pay off that debt, save the rest of the money, get another job ASAP but let go of the teacher goal. That ship has sailed and the school system is in a horrifying shambles. There's a shortage for a reason. So coast until you retire and find happiness and fullfilment outside work. + +2) Pay off that debt(!), take time off to pursue your teaching degree. I can take time off because an agreement with my mom to take care of everything for her, the house, taking her to doctors, for no rent. I did the math and, with the college I already have under my belt, I'm looking at roughly 20k for tuition along with 15k debt. + +Tried to make this as short as I could. Thank you so much anyone who can give me your thoughts on this! What kills me is, even if I'm a bust as a teacher, at least I'll get to the end of my life knowing I tried. I am so tired of being "just the receptionist" (not my words! It's what I hear from others daily)... when I know I can, and have, do so much more. I just want more while I still have the time. + +Thank you!! +In the recent AMA with Lucy Komisar, Wes Christian said that if the vote count exceeds total shares outstanding action must be taken before the votes are officially recognized, otherwise the DTC will just wipe the slate clean from all the overvotes. + +He also says Gamestop should've already taken action against naked short selling if they had evidence. + +Do they not have evidence (they should have it now after the vote count) or are they unwilling to file a lawsuit against whoever to get rid of the dilution of shares? + +Wes also said if GameStop doesn't file a lawsuit then apes must unite to gather DD and most importantly money to take on the legal side of this issue to force a squeeze. + +I just don't understand... Why does GameStop itself not take action? The time to do it would surely be next week, otherwise apes must take the fight on their own. + +(Wes even said apes might sue GameStop for ignoring their fiduciary duty towards the shareholders)... + +What are your theories on why Gamestop is silent? + +To the moon 🚀🌛 + +Edit: Wes even tried to reach out to gamestop but the communication didn't work out... Even more weird, given he has such a high reputation and even initiated the contact from his side... Sorry but kinda sus (or just unlucky that the employee didn't know who he was talking with) +I received a call for me to contact the Alberta Securities Commission about a significant investment we made at Choklat in Calgary. Sounds like a lot of dishonest things have been happening there. Has anybody else given money to the owner, Brad Churchill, and knows what's going on there? +Looking into this company, I think it’s a good buy here. Just IPO’d at $8.50 and raised $55 mill in cash. Have you guys heard of it? What do you think? + +Energy stocks are cheap among S&P 500 peers, and there’s already plenty of bad news baked into the sector, according to David Rosenberg. + +“In a world where everything looks so expensive, energy stocks look downright cheap,” Rosenberg, the chief economist & strategist of newly formed Rosenberg Research and Associates, told clients in a note. + +His call comes as oil markets weigh geopolitical risk, while U.S. shale companies attempt to lure investors back after extended underperformance. + + +Energy stocks staged a mid-December rally, but have cooled alongside crude oil and eased U.S.-Iran tensions. The sector risk-reward looks more balanced after such events, Morgan Stanley told clients early Monday, downgrading the exploration & production group to “in-line.” + +“At a minimum, the group is priced for a much weaker oil environment than what we have on our hands,” Rosenberg said. + +In addition to the sector’s valuation, investors have expected negative events for some time. “There are few sectors in the equity market that have this characteristic of having bad news priced in at this moment,” he wrote. “But in the energy space, perhaps in the overall materials sector as well, all that has to happen is for something bad not to happen and there will be a positive rerating as the end-result.” + +Rosenberg was chief economist and strategist at Gluskin Sheff and Associates for about ten years before firing up his own firm. + +https://www.bnnbloomberg.ca/energy-shares-are-downright-cheap-david-rosenberg-says-1.1373181 +I made some stupid stock purchases in 2008/09 when I first opened my account. I have about 10 stocks that are dead and have $0 value...about $5k. Live and learn lol. + +What kills me is that I have to stare at this on my Scotia ITrade page every time I log in. Is there anyway I can wipe these from the page? Hahha I can’t figure it out. +Hi guys, + +I wanted to ask this question here as well. Since it makes more sense to ask here. + +I'm pretty new to investing. A financial advisor said that OSFI certification is really important and that it is cause to worry that wealthsimple is not regulated by them. +They could say you have the stock, when you don't. They can do anything with your information and say they aren't. + +If you guys can please let me know if this is correct or not something to worry about. + +Thank you in advance! +Yesterday there was a lot of people claiming there would be massive price drops today just as soon as the China markets were open, everybody was in panic and everybody was expecting a black Wendnesday today. Well, as you can see nothing happened (just a little dip). That proves nobody in this sub knows what the fuck they are talking about. Shit I dont even know if after posting this the markets will crash or go to the Moon. Nobody here knows what will happen. Evergrande could go bankrupt and that could cause crypto to go to Mars. Evergrande could announce it's been able to pay all it's debt and crypto could crash to oblivion. Nobody knows what will happen, there's no way of predicting what will happen. Past performance of the markets shouldnt be used for making predictions and technical analysis is basically astrology with charts (specially on crypto). All the posts predicting crashes are FUD written by people that dont even know they are spreading FUD. Just remember that analysts have successfully predicted 11 out of the 2 economic crisis of the last 20 years. +No matter what the intent was. This was stupid as fuck. Some non-ape people bought on the promise by the MSM it would go parabolic. They got burned. + +Some of these burned people are gonna be disappointed and paperhand. And some of these people will wake up and be pissed enough to diamond hand and start researching. Guess where they're gonna end up? +Here. + +So welcome new apes. Best start reading the DD in our library. I'd recommend you start with "house of cards" and "the dollar end game". And then figure out how to DRS your shares so you actually own them. And by the way, $36 dollar is still pretty cheap for your moonticket. + +Cheers everybody! +Hello, individual investors! + + +Here we go again. + +I'm marking this post as POSSIBLE DD, as this is news to me, but maybe someone else out there can provide some more information. + +EDIT: Apparently another user had found this after it came out. Waiting on the confirmation that the fractional shares / lack of pricing info was discovered. + +TL;DR + +As of May 18, 2021, GameStop has been listed on the FTSE, trading under the symbol 0A6L. + +I could've sworn that GS2C was the FTSE GameStop, but hell, what do I know? Basically, there's no price info, no high, no low, no spread, and no previous day's close, however, there IS VOLUME. It's all done "off-book" and is mainly done in FRACTIONAL SHARES. Webull started allowing fractional trading on July 13th. + +&#x200B; + +\-----------------------------------------------------------------------------------------------------------------------------------------------------HOW I GOT HERE: + +&#x200B; + +I was looking up info on Citadel Connect, and while in that rabbit hole, I found this one. + +&#x200B; + +Here's my train of thought: + +&#x200B; + +&#x200B; + +https://preview.redd.it/4ksngrzx2gc71.png?width=1295&format=png&auto=webp&s=6628fd302829cb16c11c10751119b36cf4077c72 + +Started my search for Citadel Connect's MPID in the NSCC Member Directories. + +&#x200B; + +&#x200B; + +https://preview.redd.it/6nl92zo03gc71.png?width=1323&format=png&auto=webp&s=3f2c6e66620ac85539f52642c7b0e1f4cde16cae + +All I could find was Citadel's name, but not specifically any MPIDs related to Citadel Connect. I also found verification that Salomon Brother IS Citigroup Global Markets (the original underwriter for GME's IPO) + +&#x200B; + +Then, after entering in the "8430" account number for the Citadel Listed member, it brought me to an interesting filing: + +&#x200B; + +&#x200B; + +[https:\/\/www.sec.gov\/edgar\/search\/#\/q=&#37;2522Citadel&#37;2520Connect&#37;2522&dateRange=custom&startdt=2021-01-01&enddt=2021-07-20](https://preview.redd.it/k1o619bg3gc71.png?width=1877&format=png&auto=webp&s=c4acb43df1b3df958db721f7048738e51a1cee29) + +Basically, it looks like an Office of Management and Budget information collection form, which the collection period ends on September 30th. The collection involves Broker-Dealers using Alternative Trading Systems, or ATS. + +That's when I hit control + f, and only 1 Citadel Connect came up.. + +&#x200B; + +https://preview.redd.it/ffg2p89p3gc71.png?width=1311&format=png&auto=webp&s=a1f29934f0dbc6e2ffe8be2d32ea6ecf4607c95f + +All I got was CITADEL CONNECT, so it didn't help much, HOWEVER, I noticed one of the exchanges listed was in Europe, so I tried adding Europe to my search term, and this is what I found: + +&#x200B; + +&#x200B; + +https://preview.redd.it/2kttrwru3gc71.png?width=995&format=png&auto=webp&s=90a5d6663ca36c4162337db1091c86995db996d1 + +There are TWO active MPIDs for Citadel Connect! Huzzah! Interestingly enough, MPID CCEU is in the United Kingdom, and the EUCC is in Ireland. CRAZY! + +So next, I used the newly found MPIDs (CCEU and EUCC) and searched around.. which lead me to this: + +&#x200B; + +[https:\/\/www.citadelsecurities.com\/disclosures\/mifid-ii-rts27-bestex-report\/](https://preview.redd.it/4qw95k724gc71.png?width=1280&format=png&auto=webp&s=dc1007d6d6ef0b3b4e4f0e7897d9700e8ab103ab) + +Look! BestExecution report for CITADEL CONNECT! JACKPOT! + +&#x200B; + +Only **one problem...** + +&#x200B; + +No data reported since Q3 OF 2020. Interesting timing, don't you think? + +Looking into the latest file, this is what it looks like: + +&#x200B; + +https://preview.redd.it/3248ywu84gc71.png?width=957&format=png&auto=webp&s=495e36c6519badca8e2f2ce554342e2ce69c04c3 + +I searched for Gamestop's ISIN#, or the numbers on the left-hand side, and there were 0 search results. However, some of the page was unloaded, as this thing is MASSIVE. So if anyone knows how to extract data like this, by all means, here you are: + +[https://s3.amazonaws.com/citadel-wordpress-prd102/wp-content/uploads/sites/2/2020/12/31204252/Citadel-Connect-Europe\_MiFID-II-RTS27-BestEx-Report\_Q3-2020.txt](https://s3.amazonaws.com/citadel-wordpress-prd102/wp-content/uploads/sites/2/2020/12/31204252/Citadel-Connect-Europe_MiFID-II-RTS27-BestEx-Report_Q3-2020.txt) + +Now, this is where it gets weird. When I was searching for GME's ISIN# in Google, I remembered seeing this: + +&#x200B; + +[LSE: 0A6L](https://preview.redd.it/pxdkqoti4gc71.png?width=762&format=png&auto=webp&s=e1beb33228fbe3dd8576e79154f57b858d535e2e) + +After searching for 0A6L in Google, it lead me here: + +&#x200B; + +https://preview.redd.it/bjjkolxp4gc71.png?width=1281&format=png&auto=webp&s=1d2c9585e534372b43bbb1ae2c1fb77fd8d60785 + +It appears to be under the FTSE Index? Listed May 18th, 2021? Market - Others? + +&#x200B; + +**WTF IS THIS?** + +&#x200B; + +Notice how there's no price +/-, no Previous or last close.. no bid or offer.. no high or low.. + +So I immediately looked at other listings, and sure enough.... + +&#x200B; + +https://preview.redd.it/g5aygrpx4gc71.png?width=893&format=png&auto=webp&s=849c9f3eccce9cceaa854f54bb6433e494fc6785 + +This is Amazon. Looks like it has pricing info just fine. Listed in 2018. + +&#x200B; + +Now, look at the trading information for GameStop today: + +&#x200B; + +&#x200B; + +https://preview.redd.it/8bgwg2x95gc71.png?width=1215&format=png&auto=webp&s=c96837cff3bc29d9175f0c76fc50d85703a0909e + +&#x200B; + +uhh.. what? Go look yourself... none of the trade data / volume / pricing matches up.. and the order "trade types" are ALL "off-book" and the Venue responsible for the majority of the trades is BENC P ACTX. Can'f find anything on it. + +&#x200B; + +So.. that's basically it. I discovered this 0A6L listing of GME that I've never heard before that appears to trade fractional shares, and the volume / prices aren't matching up. + +&#x200B; + +In essence.. 0A6L.. WUT DOING? +I'm finding that the more I learn about trading, the harder I'm finding it to stay focused on actually really learning one strategy. One day I'll be focused on scalping index futures with the DOM, and the next day I'll be learning about using scanners to find stocks with high pm volume, and the next day I'll be coding an algo to swing trade crude oil futures, and so on and so on. + +The positive is that I'm learning about a wide variety of strategies and trading vehicles, but I'm not really diving deep enough into any of them to truly find an edge and develop a viable system. I think it's a form of FOMO - if I spend too much time on any one strategy, I'm missing out on every other great opportunity out there! + +Have any of you dealt with this psychological barrier and found a solution? +This is my biggest downfall as a trader and I don't know how to stop doing it. For example, today I was holding a NVDA put and I sold for a +$300 gain, 30 minutes later it would've been $600+ gain. I'm still new to options and I don't like holding overnight but I keep thinking "well, what if I held and that $300 could've been $700 by morning?" even though it's possible to lose those gains by morning too. + +At the end of the day after selling my couple losses I still came out to +$242 but I keep beating myself up that I could've made more if played this or that better. This has definitely bit me in the ass before too. I need to stop being greedy. +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. +Thank you for all the kind words on the previous posts, it has REALLY helped me the last few days/nights. + +I did it. 💯 nights in a tent. What's next? More nights in this damn tent until I can save enough for a trailer. + +Updates. Last post I had gotten a job at the dump 3 days a week, I got a 2nd job and started today so 13/hr × 24hrs + 15/hr × 40hrs, once I get some income again it'll be a stress relief. I'm so thankful I was able to pay my truck payment and insurance a couple months ahead while I was at my last job or I'd be screwed. + + +The night before Christmas Eve my tent flooded, I woke up and had to go to work so everything sat wet all day while it continued to rain. Without any other choice I slept in a flooded tent Xmas Eve and that's how I woke up on Christmas. + +I wasn't expecting Christmas to be emotionally challenging but it was. I'm stuck in the desert, living in a tent that's falling apart after 100 nights, haven't seen my Apette since August, haven't spoken to my family in over a year, so I text my mom "Merry Christmas" but haven't gotten a response, at least I tried. + + + + +I want to go home, MOASS soon please so I can have one... + + Until then life is good, although soggy currently. 🏜️🦄 +So, I've watched numerous documentaries on Warren Buffett in order to try and disect how the man grew his wealth. I can understand the later years. Compound interest is a wonderful thing when you're playing with millions. + +&#x200B; + +However, how did he originally get started? Where did the capital come from? Surely he needed something significant in order to jump start to those numbers significant enough to bring in significant compound interest returns. +EDIT: Yes I know you can't time the market... + +EDIT EDIT: Ouch some of you just want to leave it at the easy answer - I Appreciate those taking the time to dive into pros and cons of things and how to make a decision. + +Sorry If my question and edit seemed counterproductive, [then again...](https://meta.wikimedia.org/wiki/Cunningham%27s_Law) +Alright you depressed fucks, let me shed some real light on the matter. + +Is the crash real? Yes + +Is the crash happening? Yes + +Am I fucked? For the current time being, right now, yes. + +What’s going to happen and what should I do? + +Well, I read a lot of of analyses stating that they expect a BTC crash to 20k before the next 75k + bull run. How long will that be, no one knows. + +What should I do in this situation? + +Well assuming you didn’t time the market and sold at the top and you’re holding all your cash and profits monitoring the dip my suggestion is this. + +1) Current loses make it not ideal or a smart move to sell + +2) Hold your investment and forget about it + +3) If the crash is for real (might stay for a while), the prices might pick up on the week days and than crash further on the weekends. My personal advice, you won’t be missing out on any buying opportunities for a while, so don’t feel pressured. So, that means just hold your shit together and when you get paid and this shit continues to dip into the abyss, by more over time. + +4) Hold your shit, delete your wallet if you need to. Forget about it until the next bull run. You’re investment might seem like a loss now, but if you hold at some point in the future it’ll be a profit. + +5) Treat this crash like a mutual fund or bonds, where you’re money is locked in for a year. + +Bonus, separate your emotions from the crash, live life, average down when you can afford it. Move on with life. + +This is my personal message to everyone, I hope it helps. + + +Edit: I’m even HODLing my shitcoins, that’s the type of game we’re playing. + +Don’t let life’s challenges defeat you, you defeat them. Overcome with the pleasure of learning and applying and being in the field and part of the field. You think and analyze and remember, rewards are given to those who work hard and are patient. Make smart moves as best as can be and don’t beat yourself up from any loses but grow and expand from them. + +Also we’re all in this shit together and don’t forget that your not alone, just know that 😂 + +BTC didn’t go from $0.01 to 65k in a day. It’s actually the fastest growing commodity in the world. So remember that. + +Edit #2: + +I’ve seen some comments and I wanted to clarify something to everyone. I’m not stating that you should hold onto you’re investments if you don’t want to or if you think it’s better to sell now and buy back when it’s lower or whatever. Your personal situation is exactly that, your personal situation that only you can control and your decisions are for you to make. + +What I’m trying to state is depending on your situation and amount of losses you’ve incurred, it would be more logical to hold your current investments and wait for the crash to get to its bottoms and buy the bottoms with new funds and average down. Therefore with time, once the market does another correction and trends upward again and reaches new ATH you’ve lost nothing and if anything strengthen your position and averaged down. + +Again, this is completely personal to you and what you’ve invested in etc. + +Trying to “Time the Market”, can be a very dangerous thing and possibly incur further loses, so that should be considered as well. + +Last but not least, let’s not forget two very important factors here. At some point in the future, crypto currency will separate from USD and BTC. That’s when all these amazing projects will flourish and grow even more. + +Also, when I state BTC, I’m talking about both the coin but also the crypto market as a whole. Right now, BTC is almost like it’s own index that all crypto follows. Wait for the future when this will no longer be the case, and as crypto grows and matures, things become more independent to one another. + +And thanks for all the awards and the constructive conversations in the comment section! + +Cheers! +**These are my views and my opinion on TradeStrike Ltd. These views do not reflect on an official TradeStrike Team standpoint** + +Before I start this, here’s a link to my previous [DD](https://www.reddit.com/r/CryptoMoonShots/comments/qtv0iz/tradestrike_ltd_an_updated_ultimate_dd/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**News** + +Today on 16/11/2021 TradeStrike Ltd. officially announced their partnership with Sapience Communications. + +**Who are Sapience Communications** + +Taken from the [Medium](https://tradestrike.medium.com/sapience-our-fintech-pr-firm-34099207c437 ) Sapience are “the London-based public relations/digital marketing consultancy that boast a strong track record & longstanding relationships with media across both tech and financial services, helping to position them as one of London’s leading agencies for fintech firms.” + +Sapience Communications will enhance TradeStrike’s marketing and will take our thought leadership to the next level. + +An important piece of i formation to note is that Sapience have worked with FTSE-listed firms. They also have experience within blockchain and cryptocurrency. + +Their board has been carefully selected and each one of them are very skilled and well experienced. + +Follow this [link](https://www.sapiencecommunications.co.uk/about/) to find out more about Sapience. + +**How does this help TradeStrike Ltd. ?** + +This partnership will open the opportunity to bridge the gap with the broader markets beyond the cryptocurrency community. + +This also brings TradeStrike Ltd. more credibility as they are working with a renowned company such as Sapience. Furthermore, this is TradeStrike’s second partnership; first being ChainLink. + +**Why Sapience ?** + +From the [Medium](https://tradestrike.medium.com/sapience-our-fintech-pr-firm-34099207c437 ) “Their consultancy and consultants’ client experience ranges from blockchain innovators, financial RegTech disruptors & flexible payment platforms” + +“At StrikeX we understand the importance of bridging the gap between our crypto community and the broader financial markets, we believe working with Sapience will truly enable our vision to be seen by the people that need to see it.” + + +**Conclusion** + +This is a great leap for TradeStrike Ltd. I am very impressed with how the team have been working lately. I know for a fact that this has been in the works for a while now. It only makes me more bullish that we have so many more announcements that are coming. + +The team that Sapience have seem very well equipped and professional. We are in good hands. + +This is also the second partnership in just under a month. Imagine where we will be in a year ! There is plenty more to come and I’m all here for it. Let the marketing begin ! + +Here’s to Health, Wealth and Prosperity 🍻⚡️ + + +**How do I buy ?** + +[Trust Wallet](https://youtu.be/OX9C6-t7e-Q) + +**What is the StrikeX address ?** + +0xd6fdde76b8c1c45b33790cc8751d5b88984c44ec + +**What is StrikeX listed on ?** + +* [CoinMarketCap](https://coinmarketcap.com/currencies/strikecoin/) +* [CoinGecko](https://www.coingecko.com/en/coins/strike-x) + +**StrikeX will be listed and available to trade on** +*[Probit](https://support.probit.com/hc/en-us/articles/4408406718105-ProBit-Global-Lists-StrikeX-STRX-) +* BitMart (November 19th at 08:00 BST) + +**Where can I contact them ?**  + +* You can contact them via their [website](https://www.strikecoin.co/). +* You can contact them via Twitter:  +* [TradeStrike](https://twitter.com/trade_strike?s=21) +* [CEO Joe Jowett](https://uk.linkedin.com/in/joejowett) +* [CCO Kishan Vadgama](https://uk.linkedin.com/in/kishanvdgma) +* [CTO Rob Clark](https://uk.linkedin.com/in/robclark99) +As the title states. Trying to get a realistic goal for a first home, and finding it hard to get a sense of the reality in this hyperbole about the real estate market. + +I’m in Melbourne. + +EDIT1: Thank you all for your replies. I must say that this is helpful and encouraging. Especially when all you see in the media is about houses going for crazy prices or becoming unaffordable. Congratulations to all of you who have bought! +I keep flip flopping about whether I want to save for a house deposit / go into massive debt to buy, and would just like to hear from other people in a / were in a similar situation and what they're doing / did. + +My short story: + + +- permanently single (this absolutely will not change) + + +- fucked up financially in my 20s and wasted all my dosh on petty crap + + +- went back to school in 30s to change careers + + +- worked casual / part time for quite some time (loved it, but not financially viable long term) + + +- now back to full time and in a reasonably good financial position and am saving (just under 50% of my pay per week at the moment, managed to mostly stick to my casual life budget) + + +- wondering if I should keep share housing for another year or two (decision sort of being forced upon me as both current housemates are moving on) and save a house deposit, or move out on my own and take longer to save for a deposit (higher cost of living = less into savings) or just never buy and do whatever + +So yeah, what did you do and would you change what you did? +How is your debt situation right now not including a property mortgage? I'm talking stuff like personal loans, buy now pay laters, stuff you've borrowed and slowly paying back etc. How are you going with your goal to get debt free? + +My self personally i had about 20K in debt this year. Paid off $4,000 which cleared out my $21,000 car loan, currently on track to pay off my credit card by the end of this month which is $9000. Got another $3000 on zip money i owe and about $4,700 on some DJ gear i'm renting that i'm going to buy out. + +All and all not the worst but its certainly not great. Currently smashing my way through it. Paid the car loan off in January after coming into $4000 from a job i did. Was losing $387 a month on that sucker. + +Honestly i'm so excited to finally be debt free in a few months. The credit card i've had maxed out for years now and i've just been paying the $200 interest on it (crazy i know) every month and not doing anything about it. Well that all ends now! + +How is everyone else going with their debt goals? Are you knocking things out this year or making significant progress? +So, I’m confused. + +At the moment I’ve had it with Optus, they jack the sports deal pricing, and the data hack, I’m out. + +I have a look at Telstra, it’s more expensive and less data for an equivalent plan. I look at Belong, which is also owned by Telstra, it’s cheaper, with more data. What does Telstra offer that the Belong MVNO doesn’t. + +Same thing with NAB and UBank. UBank products more competitive on all fronts, owned by NAB. + +What am I missing? + +I’m considering walking into a Telstra store and asking for a deal to see if they’ll try keep me from going to Belong instead. + +Thoughts on subbrands like this with better products? What’s the catch? +Please know I retard and this my first DD. + +&#x200B; + +Revlon dropped from an all-time historic high in 1998 at $560.00 to around $24.00 in 2003. It must have been the short-seller's Holy Grail twenty years ago. Last week, an uptick in Revlon's price action produced a few interesting [posts](https://www.reddit.com/r/Superstonk/comments/vaej63/boston_consulting_group_bcg_hired_by_revlon_plans/) and comments connecting the BCG mob to Revlon's new Executive Vice President in 2003 and again as consultants in 2015. This obviously reads like the standard playbook to possibly set up the company for bankruptcy but believed this be somewhat speculatory as it the stock appears to have somewhat traded sideways over the past two decades. Until recently... + +&#x200B; + +I am unaware if Revlon was ever considered a "meme stock" but believe it may play a part in the basket swap theory. After looking into what is really going on, a few indicators lean toward a conclusion that it may have flown under the radar during the Bets phenomenon and may ultimately be linked to GME. + +&#x200B; + +Researching the stock price history, Revlon ($REV) also [spiked](https://i.postimg.cc/8PwqZ1xJ/210128-REV-Sneeze.jpg) coincidingly with GME during the January run-up, climbing from around $9.75 to $18.50 and back down to $11.90 during halt day. In addition to that corresponding relationship, the price appears to be [trading](https://i.postimg.cc/PfCpXxQh/GME-REV.jpg) visually similar to GameStop over the past year (excluding daddy Cohen's recent buying spree in March). And lastly, the most obvious analogous indicator is the stock's recent trading activity as it is currently more volatile than anything right now with a float of only 7.87 million shares available and whose owner controls [86.1305%](https://whalewisdom.com/stock/rev) of the 54 million shares. + +&#x200B; + +Most recently, Revlon just [announced](https://investors.revlon.com/news-releases/news-release-details/revlon-takes-step-towards-reorganizing-capital-structure-company) a voluntary filing for Chapter 11 in the U.S. Bankruptcy Court last week securing a 375 million dollar loan. This initially re-ignited the short-selling spree while they punished the stock, dropping it about 50% in a single day and is now the 11th most shorted stock per [MarketWatch](https://www.marketwatch.com/tools/screener/short-interest) metrics. Was not surprised to find [Citadel](https://i.kym-cdn.com/entries/icons/original/000/036/386/I'm_Playing_Both_Sides_Banner.jpg) playing both sides as well, hodling both calls and puts according to 13F filings found on [WhaleWisdom](https://whalewisdom.com/stock/rev). MSM is already on top of the "Don't Touch This Stock" [hit pieces](https://www.nasdaq.com/articles/revlon-stock%3A-unpredictable.-maintain-a-safe-distance) that are starting to push FUD across various platforms. What most news outlets have failed to mention is a possible buyout from Reliance Industries may be underway. This is reportedly one of the most massive companies based in India and is reportedly mulling over an offer. + +&#x200B; + +Revlon stock has surged despite the lack of liquidity. Last week, it traded more than 46x the available float with a total trading volume of over 360 million and showed extreme volatility ranging over 100% swings within a day. Last Friday, it traded more than 146 million shares with only 45,800 available to borrow at 171.8% according to [IBorrowDesk](https://iborrowdesk.com/report/REV) and whose public float is only 7.76 million. FYI, Gamestop's single-day trading record was 197 million shares. We know it is possible to trade the float multiple times, but this should be signaling sirens. If it is in the same basket, which I believe it is, it may have pushed $GME and other "meme stocks" alike upward for the second half of last week due to a potential short squeeze on the Revlon short sellers. + +&#x200B; + +[Revlon Inc.](https://www.marketwatch.com/investing/stock/rev?mod=search_symbol) $REV + +$3.50 + +Shares Outstanding: 54.54 M + +Public Float: 7.76 M + +%of float shorted: 37.54 % (allegedly) + +&#x200B; + +TLDR + +Revlon may have secretly been in the meme basket all along. Potential Revlon buyout forcing short-squeeze and causing GME upward movement. DRS. +I hope this is ok to post. I (28f) would like to invest in some stocks. I literally have no clue how or where to get started. I have no one to advise me on this. Is there anyone that could lend some friendly advice for a newbie? +Seriously though - Apparently this was caused by a Jeffries analyst suggesting that a used car dealer like CarMax or AutoNation might be interested in buying some of Hertz's used vehicles -- **not the bankrupt company.** + +Anyone hear differently why this stock is mooning? +Everyone hears the buzzword “universal healthcare” and this often evokes an emotional response. + +I challenge you to respond without emotion. + +Looking at the concept of healthcare insurance or generally any insurance at all I find it rather silly that there are many companies in competition with a product that doesn’t differ at all. + +Can someone explain what one healthcare insurance company does better than another beside denying claims? + +I for one think universal healthcare insurance makes the most sense. There was a study competed showing that over 10 years Americans would save 2 trillion dollars. (This was a Koch-Bros study BtW.) + +So again why is there so much opposition and anger when talking about universal healthcare? This would save the country money and insure any US citizen. +I've been living a financially responsible life for the past 1 year. Not incurring debt, saving for emergency, living below my income, investing for retirement and of course living by a budget. I'm not crazy frugal but I've became more of a saver than a spender and it's been great. (With much help from the people at r/personalfinance) + +However, it seems like great portion of modern economy hinges on the fact that the people over spend. At least from my narrow point of view, most of the things they advertise on TV and things that see at retail stores are mostly luxuries that no one needs. + +This got me thinking. What would happen if EVERYONE (including the wealthy and the poor) in the world suddenly stopped over spending, lived under their means, saved and invested like they advocate at r/personalfinance? + +* Would the world be less or more productive (lower or higher GDP)? +* What industry will fall first and which industries will cease to exist? +* Would the wealthy and poverty gap narrow? +* Would the world economy crumble? + +Let me know your thoughts. + +Thanks. + +ps. [Same question posted at r/personalfinance](http://www.reddit.com/r/personalfinance/comments/18ntpx/what_would_happen_if_everyone_in_the_world/) + +TL;DR: If everyone in the world suddenly became financially literate and responsible, would the world economy crumble? +&#x200B; + +https://preview.redd.it/f6nrbdqqhuj71.png?width=1066&format=png&auto=webp&s=2ac95686fad59dbd8d187002a4503bdeb3342f07 + +&#x200B; + +I have been trading stock and option for 4 years. I lost my entire account in 2018 using Robinhood. Took 1-year break from trading and went on an extensive period of reflection and paper account practice. Came back to trading in 2019 and joined TD Ameritrade. So the trade history only dated back to the beginning of my TD Ameritrade account. + +&#x200B; + +Total trade: 749 + +Total commission paid: $4353.83 + +Total option contracts traded: 6987 + +&#x200B; + +I do more options selling than buying, but I **never NEVER** sell naked options. + +Total trade sell to open: 282 + +Total trade sell to close: 174 + +Total trade buy to open: 147 + +Total trade buy to close: 146 + +My complete trading history in a spreadsheet: [https://docs.google.com/spreadsheets/d/1DNGfft97oGuLZTKYQGoCVkWS48Wzr3CwGP1ZhJsu840/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1DNGfft97oGuLZTKYQGoCVkWS48Wzr3CwGP1ZhJsu840/edit?usp=sharing) + +&#x200B; + +Some take away: + +* First thing is to train yourself to be emotionally detached from your option money. Don't expect to get rich from trading option for a short period of time. Sometimes it work. Most of the time it doesn't. And when it doesn't, it means financial ruins +* Stocks investment is almost always better than options. I keep a large stock position **all** the time and it keeps a big chunk of principal locked away from option gambling. More than half of my profits come from stock swing trading which lasts a couple of weeks/months. I never day trade. Here is my best winner & worst loser (combining stock and option **closed** profits) + +&#x200B; + +https://preview.redd.it/ooqsviy2kuj71.png?width=2720&format=png&auto=webp&s=63ebe7b6c28bc46b1a8ba8000aa7e593dbf2de61 + +&#x200B; + +* If you are active speculator, you don't need to keep track of a long list of stocks. I traded SPCE very actively until they announced the extended peiord of inactivity in recent ER. Among my 749 trades, 453 are about SPCE. Here are my trade break down: + +&#8203; + + mysql> select underlyingSymbol, count(*) trades, sum(netAmount) netPnL from options_trade group by underlyingSymbol order by 2 desc; + +------------------+--------+---------------------+ + | underlyingSymbol | trades | netPnL | + +------------------+--------+---------------------+ + | SPCE | 453 | 138523.7199999999 | + | CCL | 57 | 1937.0099999999993 | + | SPY | 48 | -122.6599999999986 | + | AAPL | 24 | 955.8799999999999 | + | NCLH | 12 | -5.360000000000056 | + | GOEV | 12 | 1664.9799999999998 | + | BMBL | 9 | -332.65 | + | PINS | 9 | 1448.9500000000003 | + | EBAY | 8 | 8.640000000000015 | + | VGAC | 8 | -281.86000000000035 | + | GOOGL | 8 | -147.6500000000009 | + | RBLX | 7 | 1454.71 | + | USO | 6 | -7.689999999999941 | + | ZM | 6 | -54.09000000000026 | + | UXIN | 6 | -3883.0099999999984 | + +* Most of the time you don't need to hold option position. Even if you focus on selling option to reap theta premium. It takes a while to learn when is a good time to sell options. I've seen my covered call at -1000%+ loss many times to learn this. +* Avoid high price illiquid option ticker with large bid ask spread. +* Avoid complex multi-leg strategies such as butterfly and iron condors even if you know how it works. Don't think you can outsmart anyone by building up complex position. Commision is just too high and the bid-ask spread will EAT you +* I've seen three types of people trading options: 1. get burned losing thousands pf dollars and vow never to gamble again (very common). 2. made large amount of money quickly and lost it quickly (dumb luck) or pocket the profits and quit for good (who knows they are just dumb luck). 3. stay consistently in the game and book steadt profits (rarest) + +I know someone would ask this. I'm a data nerd and I use TD Ameritrade API to download data about my account. I build my own data backend using python and mysql and the dashboard is built using Grafana +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. + +Europe. + +I am looking at a bunch of cars that I am interested in, and year old models are quite literally the same price, and many even 5 year old models with like 60k km's on them still retain like 80-90% of the original sale value.. which is ridiculous since so many new features get added to those cars, that the decrease in price would be unreasonably low even if the car was at 0km and top condition.... On top of that you obviously do not get to decide on the color and extras on your own, and you're taking the risk that the vehicle was neglected or badly driven.... + +It doesn't seem to make any sense.... and supply doesn't seem to be an issue here as manufacturers have been giving incentives to buy new cars (not enough demand) meaning you could for example get a CH-R cheaper new than used... + +The only time it seems to be worth it is if you want to completely circumvent new vehicles and go for pre 2009 cars. + +I heard so many people say that the car losses 20% of it's value the moment you drive out the lot... yeah... right... it doesn't seem to loose any value even after you've driven it cross Europe 5 times over the course of 2 years. + +For example, a new 2021 Korando goes for 16k, but on autoscout24, the cheapest current gen that I can see is a 2019 one, with 80 000 kilometers on it.... for 17.8k. I mean sure, the chosen options do play a part here but it's 3 years and 80k fucking kilometers, it ain't no Toyota.... guy is probably selling it because it's dying already. Besides I don't really need/want any of those options either. + +And that's the CHEAPEAST, there are offers for 27k for also 2019 models with 20k kilometers on them, even the highest spec 2021 model doesn't cost 27 fucking thousand. + +It's the same for other vehicles I looked at... Duster, Panda Cross + +Edit: I would say 6\* comments repeating the same joke is about the ideal number of joke repetitions lads :D + + + +Edit: Damn, I guess the typo paid off... Left the thread when there were 0 upvotes, didn't really expect any more comments.... Woke up to it being locked, wonder what the cat comment count is now. +I've lived with my mom my whole life (father passed away when I was an infant) and she recently passed away a few days ago, leaving me with only the clothes on my back. + +I'm currently living with her sister (my aunt) but she has made it very clear that she wants me out as soon as possible. I'll be turning 18 next month and she said she is willing to let me stay for maybe half a year longer, but that's the limit on my stay. + +I dropped out of high school at 16 for very personal reasons and I do not have my GED, but getting that is at the top of my list. + +What should I do the next few months? I need enough money to start my own life, but I just don't know where to start. I have a boyfriend of 2 years (18, turning 19 in a couple months) who says he is willing to move out of his family's home in order to live with me and help me out. + +*TL;DR:* Need to move out at 18, have no money, need someone to guide me. I honestly don't know what to do. + +Edit: a number +I went against DCA rules. I lump summed a fat FAT FAT amount in at 19,300 and ever since it's gone down to 16,500 and now I only have a couple hundred left in fiat to buy the dip. Now watch im going to try and time the low point of the dip but I will end up failing miserably. I'm so fucking depressed. This always happens to me. +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 +Yeah, yeah, last year I fucked up by selling all my ETH to buy XMR, but I'm correcting course and getting back on the ETH rocket, which seems like more of a spring-summer child than XMR, which looks like a late summer and middle winter child (or maybe even longer term) when people cash out some of their gains into hard sound money. + +I still maintain some self-custodied XMR as insurance against tyranny, but meanwhile let's add fuel to the ETH rocket and flip the boomer coin 🚀🚀🚀 + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +Yeah, yeah, last year I fucked up by selling all my ETH to buy XMR, but I'm correcting course and getting back on the ETH rocket, which seems like more of a spring-summer child than XMR, which looks like a late summer and middle winter child (or maybe even longer term) when people cash out some of their gains into hard sound money. + +I still maintain some self-custodied XMR as insurance against tyranny, but meanwhile let's add fuel to the ETH rocket and flip the boomer coin 🚀🚀🚀 +Zenon is implementing a fully decentralized dual-coin mechanism. The coinmetrics are designed to achieve a Mint-Burn equilibrium for ZNN and QSR as the first dual-coin architecture of its kind. + +What is it: + +Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: + +This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. + +They are still in testnet, and not very public yet. Large exchanges expect payment, and/or the coin to already be established within the cryptosphere. + +&#x200B; + +GL anon, Alphanet is launching Zoon. +I'm not a financial advisor, just a retard YOLO'ing my savings into long calls, so make your own decisions. + +TLDR: Blackberry is the market leader in an industry that McKinsey projects will fucking 🚀🚀🚀 to $750BN by 2030. BlackBerry has already grown their annual revenue for 2020 by 15.04% from 2019, so stap in your tendies because BB are going to the fucking moon. [https://www.mckinsey.com/\~/media/mckinsey/industries/automotive%20and%20assembly/our%20insights/monetizing%20car%20data/monetizing-car-data.ashx](https://www.mckinsey.com/~/media/mckinsey/industries/automotive%20and%20assembly/our%20insights/monetizing%20car%20data/monetizing-car-data.ashx) + +Other relevant DD: + +* Market position analysis - [https://new.reddit.com/r/wallstreetbets/comments/l4ehan/blackberry\_dd/](https://new.reddit.com/r/wallstreetbets/comments/l4ehan/blackberry_dd/) +* BB Comprehensive guide - [https://new.reddit.com/r/wallstreetbets/comments/le53ol/comprehensive\_guide\_about\_bb\_and\_how\_it\_shall/](https://new.reddit.com/r/wallstreetbets/comments/le53ol/comprehensive_guide_about_bb_and_how_it_shall/) +* Amazon/BB partnership in the AV space - [https://new.reddit.com/r/wallstreetbets/comments/l5sno2/blackberry\_bb\_why\_you\_need\_it/](https://new.reddit.com/r/wallstreetbets/comments/l5sno2/blackberry_bb_why_you_need_it/) +* Other BB analysis - [https://new.reddit.com/r/wallstreetbets/comments/l0a1p5/the\_full\_dd\_on\_bb\_an\_elon\_muskjeff\_bezos\_sandwich/](https://new.reddit.com/r/wallstreetbets/comments/l0a1p5/the_full_dd_on_bb_an_elon_muskjeff_bezos_sandwich/) + +1) BB has nothing to do with smartphones. Throw those 2007 notions out of your mind and bring yourself to the future + +2) Whilst the whole stock market has been pissing themselves for years over EV/AV industry speculation, the reality is that these are hardware companies with low margin, and limited scale potential. + +Even Tesla, owned and run by the richest man in the world, has yet to build more than 500,000 cars in one year. Meanwhile Tesla competitors springing up everywhere with both new challengers such as NIO and old money fucks getting into EV such as VW and GM (GM in December 2020 announced 100% by 2030 all cars would be 100% EV). + +THE REAL FUCKING MONEY is not in EV production which has low margin and low scale, but in data monetization which is high margin (and being software) has unlimited scale. In the same way that Google makes only $18Bn revenue from hardware sales (phone, nest sales etc) but makes $120Bn from data monetization, $BB is going to to the fucking moon with $200BN revenue + by 2030 with 10% net whilst Tesla and other big auto are fighting over 4% margins (Tesla net profit in 2020 = 4% whilst **BB sat at a juicy 10.15%**). + +This industry is going to the fucking moon, and BB is the only one with a front row ticket 🚀🚀🚀🚀🚀🚀🚀. This shit is like investing in Google or Amazon in the year 2000, by the time the mainstream saw the potential 5 years later, shit was already at pluto + +u/just an everyday life couldn't have put it better: "Zombie cars and QNX + +QNX is the first commercial microkernel RTOS. What the fuck does that even mean nerd? For anyone like me who's not a software genius, I've done some research so we all know what we're getting into. A Real Time Operating System is developed to focus processing power on two most important things: Speed and Accuracy. This is different from shit like Windows and Mac OS (General Purpose OS or GPOS) as they spread processing power throughout the system because there isn't exactly anything that's significantly more important than the others. However, when you're using a self-driving program you need the hardware to perform the action at the exact time and speed. Your self driving program brakes too late? Crash into the car ahead of you. Your self program turns the wheel too late or too soon? Crash into a wall. + +Blackberry has been working on this technology since 2014. But car makers literally couldn't develop autonomous vehicles fast enough. So these guys have just been twiddling their fucking thumbs. + +Fast forward to now, where the rise of Tesla has made everyone and their momma make a self driving EV. Everyone is trying to make their own autopilot program but not their own OS. So who's OS are they using? + +SONY? Blackberry QNX. Baidu? QNX baby. XPENG? Blackberry as well. If you read the article, you'll see XPEV is using DESAY's autopilot program that's built on QNX. Know who else is using DESAY autopilot? Li Auto But what about Nio you might ask? Well on NIO day, it was announced that NIO will be using Nvidia DRIVE....which is also built on QNX. What about the Apple car? There's no confirmation yet, but rumors of them reaching out to both Canoo and Hyundai makes me skeptical that Apple has succeeded in creating their own RTOS even after rumors of them starting 7 years ago. But even if they did... it doesn't even matter. + +You might have noticed that I didn't mention Tesla at all. That's because they have developed their own Linux-based Operating system, which Tesla has been having trouble getting it approved by US safety regulations. QNX on the other hand, already is. $BB to the fucking moon🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀" + +3) BB is a cash flow positive, growing company with near nil competitors in an industry that is skyrocketing. Despite this, the boomer fucks who still believe BB is a smartphone company, have in their own glorious act of autism, have massively shorted BB bringing the share price down. + +BB is a growth company in a growth industry, these hedge funds are going to need to borrow more money if they want to buy tendies after the wider market realizes the market inefficiency that is an undervalued BB. u/Tradergurue went into a lot of detail in his $BB short interest post here [https://new.reddit.com/r/wallstreetbets/comments/l8pg8x/short\_interest\_in\_bb\_its\_increasing/](https://new.reddit.com/r/wallstreetbets/comments/l8pg8x/short_interest_in_bb_its_increasing/) + +TLDR: hedge funds caught with their dicks in their hands are about to get Royally Fucked as the market corrects itself with a BB rise over the next month +Hi, + +I've accepted a job at big tech that pays very well ($350k+/year). + +I am from Europe and this is where I plan to FIRE after 4 years of this job (time for my stock to vest). I took this job (my first in the US) as a "fire accelerator" - I've always been very interested in FIRE, but ran my own businesses to get there while enjoying my time and myself. + +With this job I believe I can easily save 200k/year post tax, which will complete my stash after 4 years. + +These are very high amounts and I realize I am very lucky. Now I'd like to make a plan to make sure I make the most of it. I am well versed in general investing, but **would love to know about saving tips and tricks as an employee in corporate America.** + +Should I do the 401k thing considering I don't plan to retire in the US? Should I do the Roth 401k or the Mega backdoor 401k? Anything else that is smart to do in my position? + +Thanks! + +PS: Here's what my company offers: +\- 401k: 50% on the first 4% +\- Mega Backdoor Roth IRA +\- Roth 401k +\- Flexible Spending Account (FSA) +EDIT: Also, I am married and currently live in New Jersey + +**TLDR: new job in US tech, I can save 200k/year, plan to FIRE in Europe after 4 years, how to invest considering this?** +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. +.....and DRS is totally legal. + +&#x200B; + +With the media supposedly speaking to investors and retail daily, why would they not have a segment about GME having this huge amount of individual investors all direct registering their shares. Not a meme. Not funny. Not anything other than individual investors wanting to register their shares in their own name because they do not trust the market. How is this not a huge story? DAILY. Even if they hated MEME stocks, why not teach retail about direct registering? Instead they mock retail. This is the biggest movement that has happened in the market in my lifetime and yet they refuse to make it a story. Why? Because they know it would snowball to other stocks, and especially snowball the GME movement. It doesn't take a genius to figure out who MSM works for. I cannot think of a single reason that these talking heads do not push DRS other than it breaks their casino. People wouldn't need to sit and watch their keno-esque board tickers all day, and listen to these talking heads, if they understood DRS breaks the system. +Daniele's wonderland project is in full blown collapse, falling 50% today after already plummeting over 90% from its highs. Color me shocked that a project that promised 80,000% apr turned out to be a complete rugpull. The cherry on top is that after falling so much, the creator, Daniele, decided to airdrop huge quantities of this token to a bunch of FTM holders as part of his ve(3,3) promotion, whomst immediately sold and is part of the reason of this current freefall. + +@danielesesta has gone private on twitter and word is he backdoor sold all his holdings in the last few days by putting his shares into Abra, borrowed MIM against it, transferring it to eth, swapping it for USDT, and exiting via bitfinex. + +Complete rug LOL +This is an interesting story of an African American woman that was struggling to get a good appraisal on her house and finally had a Caucasian friend stand in for her. https://www.cincinnati.com/story/money/2021/05/13/indianapolis-black-homeowner-home-appraisal-discrimination/5071223001/ +I’m sitting on 100k and have 11 existing doors with 6k profit each month total. I found a trailer park for 500k but can’t find a bank to finance it. Who can I turn to? It’s a 15% cap. I have an existing trailer park I paid cash for. +This is an interesting story of an African American woman that was struggling to get a good appraisal on her house and finally had a Caucasian friend stand in for her. https://www.cincinnati.com/story/money/2021/05/13/indianapolis-black-homeowner-home-appraisal-discrimination/5071223001/ +I'm a 16 year old, who is very interested in real estate investing and I've been doing some research to learn more, and this sub has been great! However, one problem I have run into is conflicting information. I've attributed this to just different experiences, ands that's probably all it is, but i would just like to verify that. + +1. **One of the biggest things I'm confused about is how much a property will cash flow. To help my understanding, I would like to run an example by y'all and see if there is something I am missing, or if this example is feasible in real life. So here it goes:** + +Let's say I found a property and purchased it for $100,000, at 20% down and 5% interest. Let's say closing costs and other expenses add up to about $5,000, for a total out of pocket price of $25,000. Assuming I charge 1% of the property value for rent each month, I have a gross annual income of $12,000. Using the 50% rule, my expenses will be about half of that, and I will have a gross income of $6,000 before loan payments. That is about $500 a month before loan payments, and assuming loan payments are about $236 per month, I am left with about $264 per month in pure cash flow, or about $3,168 per year. + +At this rate it would take me almost 8 years to recover my initial investment, which seems terrible because I could do the same, if not better, doing a lot less work in the stock market. Is this a reasonable scenario? Am I missing something that would make the investment better? + +**2. Continuing on with questions about cashflow, is there a rule of thumb to estimate cash** +**flow from the property value?** + +I ask this because in one of my most recent posts, there was a reply saying that the yearly cash flow is about 4% of the property value, where my example would come out to about 3% of the property value. Yet another reply said $1,000,000 in total property value would yield about $50,000 in cash flow, or 5% of the property value + +Would it be reasonable to say that cash flow is about 3-5% of the property value? Are there any changes that could be made to improve my scenario from 3% to 5% cash flow? + +**3. Lastly, I would like some suggestions for some good youtubers that are the best to** +**learn from. Thank you all in advance!** +Hi Guys, + +I posted this in /r/personalfinance, but someone suggested I post here instead. + +We got lucky and purchased an 8 unit apartment in a pretty nice area in Southern California for $2m back in 2009. We still have about $906k in mortgage on this property. + +Our rental income is about $200k / year, but after expenses, our income (without depreciation) is about $60k. If we include depreciation, our reported net income is $6k. + +If were to do a comp in our area, similar apartment units will now sell for about $5m - $6m. + +While discussing this on another subreddit, /u/Richralph mentioned that (assuming $6m valuation) my rental yield is only 0.1%, which is rather stupid. + +If we were to sell it and try to reinvest in a different asset class, we would have to pay a significant Federal and State taxes (50%+), which I don't really comprihend on the amounts involved... + +My question is: + +1. Should I look at this investment differently? Judge the return by our original purchase price ($2m)? If we use this, our rental yield would be close to 10%, which is very respectable. + +2. Should we really bite the bullet and sell the property to reinvest and pay the tax man? + +3. Should we 1031 exchange into another property, but judging from the property in our area, there's nothing good that we can get that's below 20 GRM (Gross Rent Multiplier). + +4. Do nothing. And keep working at this apartment. Any repairs on this building would put us in the negatives for reportable income. + +5. Something else we're missing? + +Any help would be greatly appreciated! + +TL;DR: Got lucky on an apartment building. Yield is low now and need to decide what to do. + +NOTE: I'm financially responsible and savvy. Any opinion or advice will definitely be vetted first. I'm just looking for opinions on what people would do. +Found a local foreclosure that is only needing light rehab ($5k). Asking is $102,000 and the ARV would be $125,000/$130,000. + +&#x200B; + +The issue is I'm tapped spending my cash on a unit I'm closing on Monday. I'm assuming I could attempt to do a BRRR type deal, but haven't found anyone that's funding 100%. + +&#x200B; + +Any creative ideas to pull this off or pretty much have to let it go and focus on saving up some more reserves? (Not enough equity to HELOC home, won't be living there so no FHA). +Hey everyone! Im about to make my first investment property purchase. It is a 3 unit all 1 bed and 1 bath total annual rent of 28,000. The property has nice parking and is in pretty good condition. Located in New Jersey (south to be exact) pretty close to delaware and philly. The seller agreed to sell the property for 215,000. I have done the investigation and it seems the mortgage would be around 1,600 max. Do you think this is a good deal? Thank you in advance! +I definitely want to purchase a property, but I want to know if conventional wisdom says to 1) purchase a rental first and get some good cash flow to fund a home for myself (and renting in the meantime), or 2) if I should purchase a home for myself first (so I can stop burning money by paying rent) and just get a rental later down the road. + +I currently rent right now ($1660/mo) and live with my fiancée in SW Austin. We both have fairly high paying jobs ($170k combined) both in a tech field. We are both 25 and my goal is to FIRE by age 45 latest. Let me know if any more info is needed from me. +Passing by notary to sighn on first property! Anyways so nervous but it's the beginning of a journey, 28 buying my first real estate property. + +Plenty of time to make money and buy more. God I hope this was the right one and that I won't regret this. + +Triplex, possative cash flow, 3 to 9% growth per year for that area + +Sometimes I just think how much I could of made just leaving the down payment in mutual funds... But no this is how you make money right? I was getting 10% growth in some tax free. + +Anyways I'm all nerves right now. After all the research for properties, then the contractors to repair it and well the extra stress, I'm gona be an owner. + +Edit: that was easy, the notary just congratulatede for putting my self 308k in debt +Every offer I’ve been making the seller rejects looking for an offer closer to asking price and doesn’t even counter. Am I wrong to ask around 15% below asking price for a fix and flip? Are people really still paying full price way above market value? +Edit:(I’m in South Florida specifically) +I live in Denver and don't plan on leaving anytime soon. I have partnered up with a friend of mine and we are looking to buy something in the greater Denver area before the year is over. We are both in our mid 20s. I make about $75k/yr and have no debt. He is married and his combined household income is around $100k/yr. We both work in the construction field so we would like to buy a place that needs some work/has an unfinished basement. One of us would live there for a year or two while we managed the renovations and rented out the extra rooms to friends. Then we would move out and rent the entire house and do it all over again. + +&#x200B; + +We have yet to find a property that will actually cashflow. Bigger pockets suggests the 1% rule (rent is 1% of the value of the home). We cannot find anything near 1%. A $400,000 house in Denver rents for low to mid $2000s/mo. I am currently renting a $750,000 house with friends and our rent is $4000/mo. Every property we have analyzed has turned a negative cashflow even if we add value through a renovation. How would you go about handling this situation if you were a newbie in my shoes? Do some markets simply not favor cashflowing rentals? Should I even be that worried about cashflow at my age? +I have a condo and not sure if I should sell or rent. I paid 215k for it 15 years ago and could sell it for 225k. My mortgage, taxes, HOA fees are $1400 a month and I could rent it for $1500. Any advice would be helpful. I have 15 years left in mortgage +Hi folks, + +To put a finer point on it, this year, I have 3 pass through LLCs and 4 properties (plus my primary). My accountant is not available for me this year, but I wonder if this is something I can do on my own? + +Is the software that's out there enough for me to handle this on my own? I don't mind doing a little reading here or there... and it seems that the big writeoff's are fairly well documented. + +My wife and I file jointly, we have two kids, two full time jobs, plus rental income and associated writeoffs. Is this too complicated to do on my own? +They absolutely initiated and inspired the movement to zero commission. They represent the competitive innovation of the free market. Now everybody else is following suit, and Robinhood has little competitive advantage. They’ll likely take a gigantic hit, all because everyone’s doing what they did first. +Under what conditions would QYLD and JEPI have a poor or negative CAGR? + +Is it the case that if the market shoots up, the strategy of selling covered calls means covering those calls, leading to a significant loss of NAV for these ETFs? + +And that healthy yields would continue when the market is going sideways or down? +Every single thread I see where someone talks about working hard and saving money, I also see a bunch of comments talking about making sure to enjoy life; money isn't everything; enjoying being young; etc. + +I don't have a problem with people choosing how they want to spend their time and money. I don't even have a problem with people recommending options to others. What I have a bit of a problem with is the concept that working hard, saving money and enjoying life are somehow mutually exclusive. I am also a bit skeptical of the idea that enjoying life *later* in life is somehow worse than enjoying it when you are young. + +So this pervasive sentiment confuses me. If someone (hypothetically) swings by and notes that they've saved up $500k and own their house, have no debt, and are 35 years old, why are people automatically assuming they didn't enjoy getting there? + +Here is a quick bullet point list of my thoughts on the subject. Feel free to add to the discussion with your own thoughts. + +* Removing the stress of worrying about finances is a *tremendous* boon on a family's quality of life. +* A significant amount of "enjoying life" can be done on a simple budget. Engaging your friends in personal, low-cost activities is completely doable and "working hard" doesn't mean you forgo a social life. +* Setting a travel budget is also completely reasonable. If you find world travel interesting, there are a handful of ways to keep costs down (which could make for an interesting post on its own) but don't forget that your own country/region probably has interesting things to explore as well. +* When people suggest "nose-to-the-grindstone" budgets they are usually talking to people with gobs of credit card debt, car loans, etc. If you have that kind of debt, you are on a sinking ship. You *should* work as hard as you can to get out of it. +* If someone chooses to work their ass off and retire in the 25-35 range, I am fairly confident they will enjoy life a lot more than someone who ends up retiring at 65+ even if the latter spent more time enjoying themselves in the 25-35 range. This is even more true if kids are involved. The conversation should be about balancing your *whole life*, not just the life you are currently experiencing. + +My two cents. + +EDIT: You all rock! Keep the discussions happening. I won't personally respond to anything because I've said my piece -- aside from admitting the 25-35 was a bit hyperbolic. It can happen but it isn't really something most people have an opportunity to achieve. +https://www.cnbc.com/2019/02/20/samsung-galaxy-fold-release-date-price-specs.html + +Samsung announced the Galaxy Fold during a press event in San Francisco. + +The Galaxy Fold is the first phone that consumers will be able to buy with a folding display. + +You will be able to use it like a tablet or in a smaller form factor like a phone. + +It is too expensive!! +EDIT: The bank is [Hancock Whitney](https://en.m.wikipedia.org/wiki/Hancock_Bank). + +A month ago, I was able to make a purchase on Coinbase with no problem. Now, I am getting emails saying my order has been declined by my bank. My bank is blocking any and all cryptocurrency purchases because of the “*high risk of stolen information and identity theft.*” + +I called, and asked if I can still manually allow the purchase. They said they are not allowing it, regardless of my approval. + +What should I do? Is that even legal? Are banks allowed to “decide” what legal things I can and cannot buy??? +I have quite a big bag of LTC and it has been nothing but disappointing for the last 5 years. Anyone here in the same boat who is not really happy with the way LTC has been moving in the last 5 years? + +I bought LTC when BTC, ETH and LTC were the big 3. Both ETH and BTC have outperformed while LTC is still below its 2017 ATH. I know this sub leans towards ETH but a general opinion would be nice +##There seems to be a rash of personal targeting going on lately in the Daily Discussion. It feels a bit like 5th grade recess. + +##I'd like to remind everybody, especially those who aren't even interested (for whatever reasons) in Ethereum, but yet still come in here to discuss your other trades, that you are being welcomed here because /r/*Eth*Trader is an open-minded community. + +##Please do not abuse that welcome because you regularly disagree with someone else's trading perspective. Everybody has their reasons for their trades. If someone articulates their reasons for trade X or trade Y and you disagree, then either articulate *why* you disagree, or move on. + +##But please, let's stop with the mocking, deriding, and ridiculing. + +##Thanks. +I see the words "diversify" and "diversification" thrown around a lot here. Don't be under the illusion that holding a basket of cryptos diversifies away a substantial amount of risk. + ICOs are becoming more reckless with each proposal that pops up. We're heading towards a bubble within a bubble. The Ethereum Foundation has done a lot to create something amazing, but don't fool yourself into thinking that this is a sure thing. I'm a long term bull and have been for a little over a year, but even I know that this could all come crashing down at any time. That being said, with every passing week, with every exploit being patched, with every developer interaction, the chance of a single catastrophic event dooming Ethereum becomes less and less likely. The majority of the price action is comprised of pure speculation. If you choose to believe that fundamentals are the dominating factor this early on in the project just look at The Dao debacle. Ether lost nearly half of its value overnight and the system itself wasn't even attacked. I'd like to believe that traders and investors will not overreact if another event like that happens, but one can never be too sure when surrounded by people whose actions are dictated by greed, fear, and ambition. + + + + When Augur had its crowdsale and DigixDao had its ICO the numbers were scrutinized. It wasn't a Wall Street level audit, but it was about as close as you can get in the field that we're all in. After the $5.5M DGD cap was reached in 16 hours, I knew that this would set a dangerous precedent for future ICOs. And with every passing ICO the rules that investors and traders set for themselves are slowly eroding away by the promise of a profitable ICO. Most of these ICOs will not make you rich. It'll be surprising to see even a quarter of these ICOs be profitable enough for the early investors to recoup their investment over the course of several years. + + + + For Augur, DGD, and FirstBlood people are justifying the price of the tokens by assuming that the platform will be a wild success and its market share will grow exponentially. That kind of eagerness is starting to attract vultures that are hoping to raise millions and millions of dollars with a couple of reddit posts, an obscure business plan, and a halfway decent whitepaper. The unfortunate thing is that they're getting away with it. With ICOs like SingularDTV, please understand that the market that they're trying to target is almost non-existent. They're not trying to take on Netflix, HBO, Hulu. They don't have the manpower, the lawyers, the funding, the connections, or political power to accomplish something like that. The market that they're targetting is comprised of indie fans who are aware of Ethereum and will put up with the hassle of supporting it early on without any decent shows. It's mind-boggling to think that such a platform can raise millions quicker than well-established companies with actual connections. + + + + I'm all for start ups of disruptive technologies that have some kind of track record or an accomplished team behind it. These ICOs have none of that. Their teams are comprised of PhDs, MBAs, co-founders of other private ventures, etc., but what is going to do for your pocket? If they haven't made their investors a killing on their initial investment, then their track record means close to nothing. + + + + But I get it, a lot of people in the cryptoworld feel like they made some easy money over the months and years and feel like they could strike gold again or actually think that they're "diversifying" by gambling with these ICOs. The smart ones buy in and cash out as soon as the coin hits the exchanges. The hopeful ones are on the edge of their seats waiting for the developers to pass some good news their way. Before investing into an ICO, try to frame it in the scope of the physical world around you. If you have invested 100 ETH into the latest ICO, ask yourself if you would have done the same if you had $1200 in your pocket and someone on the street came up to you, showed you his or her resume, which may or may not be accurate, and then asked you to invest that money into a brand new idea without even giving you a comprehensive business plan with an audit? + + + + Threads pop up constantly requesting an audit of the code, but what about an audit of the business plan and the team? Why is the code that they write to collect the money more important than their integrity and the data that they provide? You're already participating in a fundraising that is in a huge gray area, why add the risk of not finding out everything you can about the people behind it? If most of these ICOs had any real substance behind them, then the team would be pitching it to investors on The Street or in Silicon Valley who have the connections and the means to gather nearly unlimited resources and funds. Instead, they pitch it to people who they have never met and phrase the contract in a way to cover their ass in case shit hits the fan. Sometimes it'll work out well for both parties, but often times it'll fail to take off and the only repercussion is that their non-existent real world reputation will be tarnished in the eyes of crypto users. +Just got the email. Can someone tell me the change in cost say I move 10k from Questrade back to Tangerine? It cannot be 900$... but if its an additional 9%, what is it on top of? I mean, it’s currently free to do an EFT withdraw. + +Thanks +Hi, I'm 21 and I recently became interested in investing for the long term. I'm currently reading a book called "The Simple Path to Wealth" where the author advocates that you should invest most of your money in an ETF that tracks the entire market, keeping some of it in bonds and cash on hand. + +His suggestion was VTSAX, but that is an American ~~ETF~~ mutual fund and I'm apprehensive of buying those due to forex fees. The closest Canadian equivalent seems to be VGRO, so in that case if I wanted to apply his strategy would I put most of my money in VGRO? Also is it a good idea for me to buy American ETFs? + +EDIT: Thanks for the tips, and the correction! +I'm thinking of going all in to XEQT across most of my accounts and just forgetting about it. If it does grow to the large 6 figures or even over a million and I want to liquidate everything in the future, will that be an issue? (I notice XEQT only has about 75k volume per day, I'm wondering if I'll have trouble selling a very large amount one day) + newbie here in options comprehension + +I know this is basic for most of you so please be patient. + +i work at a major Telco here in Vancouver BC + +for helping with a project a group of us was given 300 a few months back @ $28.95 + +...expiration date Aug 2028. + +so does this mean i can cash them at that 2028 date and make a profit off of the difference from the current price to what they will be 7 yrs from now (hopefully of course increased in value)? + +Forgot to add... Before when we were given options (we've been given them in the past before in blocks of 300 or 400) I know I think we could have cashed them out 3 years later... But this time I would like to just move them to one of my accts to keep growing. +I try searching on Google but all the news for my particular stocks is either outdated by a week or is very shallow in the sense that there is nothing to really cover. + +I try Yahoo finance but even the news from there is like 5 days old. Where do you guys get your stock news from? +Right now I have the CCP (VCN, XAW and ZAG) in my RRSP as well as company stock. + +Have VGRO in my TFSA - also have about $5k in this account just sitting here that I’d like to invest in individual stock (thinking BAM and FTS, looking at others). + +Pls help me understand which fund types are most efficient in RRSPs vs. TFSA. Haven’t yet maxed these account so taxable accounts don’t yet make sense in my situation, but would also appreciate info on the tax efficiency of these ones. + +Thx +Retail deposits serve as the cheapest way for banks to meet minimum reserve requirements. + +For years, banks have been fine offering near-0% rates on savings accounts because the alternatives offered only marginally better rates. Banks could meet reserve requirements cheaply through retail deposits and earn a fat margin on money creation through lending. + +But now that customers have more secure alternatives offering better interest rates, such as treasuries and money market funds, is there a risk that banks start experiencing withdrawals of deposits? + +Banks hold roughly $2 trillion in customer deposits, and they’re still offering them roughly 0%. The 3 month treasury offers nearly 4% apy with Money Market Funds offering over 3%. + +What happens when banks lose their cheapest means of meeting reserve requirements? Does it stop at margin pressure, when they need to borrow from the fed at higher rates? Or could we see a full-blown liquidity crisis like what happened in 2019? +The ignorance of the masses really drives me crazy. Yet every single time a bitcoin/crypto post makes it to the front page, I cant stop myself from looking at the comments. + +There are so many "its a pyramid scheme," "its a scam," & "im so much smarter than you" posts, its unreal. I can understand if cryptocurrency isnt your thing, but to call a growing economy of 800 billion dollars a scam and a pyramid scheme just doesnt make sense. + +That post about the gdax wire transfer being locked to a name mismatch has brought out so many people who think so poorly of decentralization and cryptocurrency in general that I seriously question their intelligence. Everybody knows not to invest more than you can afford to lose, yet they take every chance they get to hop on reddit to say "HA YOU LOST MONEY ON THAT BITCASH SCAM HAHAHA IDIOT." + +Just look at the comments, and the upvote/downvote ratio. Its sickening. How can so many people have so much hatred for crypto, and what we spend our money on? Blind hatred as well, as its evident they have zero knowledge of what this space is, the functionality of it, or the marketplace-stock aspect of it. They act like we all think this is a get-rich-quick scheme, just because the last few months has been a "cant-lose bull run." There were plenty of us here in the bear market. &when it rears its head again, the lambo types will cash out and we will still be here. This is nothing we havent seen before. + +They can be the ones left behind. The can let their banks gamble on defaulted loans with their money in an inflationary currency. They cant avoid the inevitable integration of the technology we are bringing them. &when the time comes, the same ones commenting how bitcoin is pyramid scheme and gdax & gemini are scammers who are going to disappear with our money will be the ones asking if anyone can sell them some crypto for these worthless pieces of paper from the federal reserve. + +Okay maybe not that extreme but damn im aggravated. Idk the point of this post really. I guess I just wanted to say that with the recent media exposure of crypto, and the recent influx of users... that when push comes to shove, even the Bitcoin and Bitcoin Cash communities need to stand together as one, as we are all under the umbrella of Cryptocurrency and the revolutionary technology that lies in the belly of it all. + +Edit: inflationary... deflationary... words are hard + +Edit2: https://www.reddit.com/r/CryptoCurrency/comments/7p0rmh/i_still_have_not_received_my_27000_wire_reversal for those asking +My dentist over-charged me on a visit. I brought this up to him and he said he wouldn't charge me on another visit a week later. He told his secretary (also runs his billing) just before the 2nd visit. However, I got a $78 bill. My wife had to get her teeth cleaning a few days later and she brought it up and the dentist told the same secretary to drop the bill. + +I got a letter about the $78 bill. I called the office and the secretary said she would not drop the bill and it would go to collections on 12/28, she also mentioned to me the bill was never a mistake. + +Clearly this person will not drop the bill. Should I pay $78 or take the ding on the credit and try to fight it? Also I am going to a apply for a business loan in about 9 months, so I'm leaning towards paying it. + +Update: called the dentist and ended up paying the bill. Dentist said insurance company is to blame. He said they wouldn't cover white fillings on mollars. He also admitted they didn't run insurance but knew they wouldn't cover it. Total cluster, just paid it because I need good credit for a loan in 9 months. +I was reading [this](https://www.google.com.au/amp/s/www.forbes.com/sites/cameronkeng/2014/06/22/employees-that-stay-in-companies-longer-than-2-years-get-paid-50-less/amp/) and heard people say that you should move jobs every few years. Is this true for Australia? I have a pretty good job and have asked for a raise but I'm wondering if it'd be better to just leave after a few years. + +EDIT: I work for a government school in admin and get about $63.5k on an ongoing contract. Was rejected for a raise a couple of weeks ago that most of my colleagues think I should have gotten (I'm a bit bitter). +I'm always fascinated by the difference in house prices just by locations. I'm especially interested in the price of rural houses and seeing what Sydney/ Melbourne dwellers think of the prices. I'm convinced that they have just gotten used to the ridiculously high prices and don't realise how cheap the rest of Australia can be. +I got a call from a real estate agent that they have an offer of $800k+ a week before but today I noticed that it is on offer for $750k+ range (less than before). Just an example of at least four or five where the agent said they have an offer but found out that it wasn't true when seeking the sold price. I wonder how many have fallen on this. Is there anywhere where this can be reported? + +This is in North West Melbourne - Area specialist, Hartcourt and others. +Investing in ETFs seems to be very popular on Reddit and other social platform for users seeking advise - likely due to the attractive MER fees, diversification, slimplicity, etc. + +Obviously everyone's personal circomstances and risk profiles are different, but I'm curious to hear if anyone doesn't recommend or use ETFs, and why? Without a crystal ball, it may be a hard question to debate but is there any general underlying problems you see that could impact the future of the funds? + +I'm not in the Finance field myself, just throwing some ideas out to some more experienced redditors! +I am currently looking to invest in Fixed interest / Bond ETFs, and have been looking at options on the ASX such as VAF, VGB, IAF, Ect... Most of these funds have been returning about 2.5% in dividends over the past few years and most, if not all of these are at all time highs. + +Why are these funds at all time highs if bonds are at all time lows? Is global uncertainty in the stock market really what's driving bond ETFs to all time highs? Even with bond yields at all time lows? + +Also, If these funds are only returning 2.5 or so percent, is there any real advantage to investing in bonds and fixed interest ETFs when banks like ING and Ubank are providing 2.8% Interest with no risk or fees? + +Edit: ETFs not EFTs +Anecdotally i've had friends who are moving out of their place in inner west sydney. Newish apartment in a great location with a car spot. When they moved in there were lines to inspect this place, and rent was $150 more expensive per week. Now they've had 2 inspections with 0 people attending. The REA said of the 4 properties he's show, only 2 people have shown up in total. + +Not to mention rental prices are plummeting from what I can see. New apartments in similar areas are going for 700-800$ for 2bedders with a car spot, pre pandemic i'd have thought theyd be closer to 950. + +However when you look at sales data it hardly seen a dip, albeit with low volumes. + +With migration effectively capped and not going to explode back to original levels any time soon, hard to see when rent will recover. + +What gives or is it all pegged back to interest rates being so low landlords can afford the financial hit? +Hello, + +As per the headline, is asking for a 6K salary increase ever considered realistic? + +For context, I am currently 28 years old and have been working a job for just over a year now. I currently earn £24K a year. + +Like most graduate positions, I've taken on a number of new responsibilities since starting my job. As such, I feel I'm due a salary increase (once all this Covid business is over). However it's difficult to quantify these increased responsibilities in terms of salary. +Curious about how people on here are approaching life/income insurance. + +I (31M) am on about 60k, my partner (32F) is on about 50k. We have a 390k mortgage on a 630k house. We have the following insurances: + +-joint life policy covering the full mortgage with Royal London +-individual critical illness policies covering half of the mortgage - the life + critical illness come to £123pm +-my income protection covering about 3k/mo - £56pm +-her income protection for ~2.5k/mo - £40pm. Both of the income protection policies are with Wesleyan. + +We also both pay into the NHS Pension so get a death in service benefit of 2x annual pensionable pay. + +Now it is quite nice to know that we don't have to worry about finances if something bad happens. On the other hand, it's hard to watch over £200 a month vanish when we're both young, fit and healthy - I crunched the numbers and realised that since we've been homeowners we've spent nearly £15k on these policies alone. I wonder if we're overinsured. Plus there's now a perverse incentive for her to get a handsome lover and push me off a cliff. I was wondering how people in this sub approach the issue? +KEY POINTS +Amazon released first-quarter results on Thursday that trounced analysts’ expectations. + + +Amazon shares climbed as much as 5% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue. + +Here’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv: + +Earnings: $15.79 per share vs. $9.54 per share expected +Revenue: $108.52 billion vs. $104.47 billion expected + +Few companies have benefited from the pandemic-fueled surge of online shopping as much as Amazon. The company notched record profits and revenue last year, while CEO Jeff Bezos announced earlier this month that Amazon crossed more than 200 million Prime subscribers, up from 150 million at the start of 2020. + +In 2020, Amazon invested heavily on coronavirus-related measures like safety protocols and wage increases for front-line workers. As a result of these costs, Amazon last quarter forecast operating income of $3 billion to $6.5 billion in the current period. Those coronavirus-related costs are expected to slow this year, although on Wednesday, Amazon said it would spent more than $1 billion on pay raises for more than half a million of its U.S. operations workers. + + +https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html +Hi everyone! + +Successful traders keep talking about how important is to follow the process, that you need stick to your process, and that is all about respecting the process! +I'm a beginner and I wish I could have a process to stick to. But I dont even have one! +Seriously, how those people find their process or trading strategy? +Do traders find their edge all by themselves? If yes, then I never gonna be able to trade. +Any beginning of a process to share with me guys? +I'm sure many have noticed, that there can be an uptrend on 1min chart, that is in a down trend on 15min chart, that is in an uptrend on 1hr, that is in a down trend on daily chart, that is in an uptrend on weekly.. + +Should the trend you're trading with mainly depend on your time you plan to hold your position. Or should you aim to get into a position coinciding with trend that is bigger than your current timeframe, despite not planning to hold for long? + +Let's say you go in a trend that is forming on the 1min chart, should you wait for that trend to coincide with the trend that's on the 15min chart or 1hr chart? + +Let's take bitcoin as an example: It currently have a higher high and possibly higher low (if this is the current low) on weekly. But when does the current low get confirmed as a low on the weekly? Does the daily down trend need to be broken, for the weekly low to be confirmed as a higher low then previous? Lets say if the price reaches the previous low on weekly (30k area), but still has a Higher high. Does that nullify the uptrend on weekly, and turn it into a ranging market on weekly or can it still be considered an uptrend without a higher low? +Ive heard from some they lost more this year than previous years and this year has been harder to adapt to the market. As a newbie im thinking multiple factors came into play covid,fed interest hikes among others…thoughts? +Like some of these people with no debt etc and they are just living with their parents saving all their money from work with no issues at all, wish life could of been different😂 even working now I get no way near enough to save the amount some of these save in a month😂 +# In this post I go into detail on 1) what a trading edge looks like 2) how to build a strategy 3) an example of executing a strategy + +**This post is a bit trickier than some of the others I have made and will make in the future, but don't let that discourage you.** + +Trading is a competition in the end of the day. It attracts very smart people to play, and there's no free lunch. I'll be around to answer questions, so please ask if you have any! + +Previous parts of this series: [PART 1](https://www.reddit.com/r/options/comments/pxe1wj/the_ultimate_guide_to_selling_options/), [PART 2](https://www.reddit.com/r/options/comments/py2j8g/ultimate_options_selling_guide_pt_2_detailed/), [PART 3](https://www.reddit.com/r/thetagang/comments/pzf40t/ultimate_guide_to_selling_options_profitable_part/). <- read these and it will hopefully lay some groundwork for this post. + +# It all starts with Idea Generation + +This is where I find a lot of people struggle, but it should actually be one of the easiest parts of strategy development. + +For you to have a profitable system, you just need to be better than the next guy. It doesn't need to be super fancy or complicated. + +Think about it like you are an electrician in your local town. Currently, there's some guy making all the money for fixes in the area. If you can find some sort of advantage, now you'll be the guy making all the money. Maybe you can get jobs done faster, maybe you sell better, maybe your price is lower. + +**Note**: an idea alone is worthless. Just like in business, ideas don't make money. Execution is what makes money. + +**Note**: Your idea can't be too general. It can't just be "I want to sell options". It needs to be more specific. With that being said, it doesn't need to be something super complex. + +At this point, we are just deciding. on something we want to investigate. + +**Examples of good things to explore:** + +* Is the implied variance risk premium higher on ETFs than stocks? +* Where is the variance risk premium the highest across US equities? +* Is selling vol on tech stocks and buying vol on finance a good pairs trade? +* Can we forecast earnings straddle PnLs? + +# A trading edge has distinct Characteristics: + +Below is a list of different things that can lead to an edge in the market. I share these to spark some ideas so that you can think about where you should look for an edge given your unique situation. + +&#x200B; + +* **Data access**: do you have access to better data that no one else does. Example: Imagine the number of species in the Marianas Trench could predict tomorrows SPY price. Well, no one has that data. So if you did, you would have more knowledge than everyone else and you'd make the most money. +* **Skillsets**: If you are competing in a very low capacity space where there is lots of individuals and not so many teams, having strong data science skills (pull in data, manipulate and transform the data) could give you an edge and help you build your trading business. +* **Your network**: Do you have access to people who can give you good ideas. Example: private equity deals , having a network of professional traders to collab with, etc. +* **Specialization**. If you are a corporate lawyer, can you figure out M&A deals better than the next guy? If you work in small cap tech can you figure out software development cycles and product release dates better than the next guy? Are you a doctor who understands biotech better than the next guy? +* **Geography**: You can only trade certain products when you live in certain places. This also incorporates regulatory issues too. +* **Being first to an idea**: I guess this is the "reinventing the wheel" point. This is a pretty competitive route to take but for example when new products are released, no body *really* knows how to price it efficiently so there is room for you to come in and take a stab at pricing it better than the next guy. +* **Liquidity constraints**: Using your capital size to your advantage. Warren Buffett once said if he had a million dollars he could do 100% a year and that is because he could take the same ideas he uses and use them on lower cap stocks which are less efficiently priced. So where can we go that the big players can't? (Don't try to find food in the ocean, find a pond with lots of small fish). +* **High Barrier to entry due to infrastructure:** We can't really just go and start a high frequency trading firm. The infrastructure for this is insane, so if you have it, you could have an edge. +* **Risk tolerance**: Do we have a higher risk tolerance than the next guy, and can therefore take trades with more PnL variance that others maybe avoid/ can't take. Example: A volatility hedge fund might not want to deploy a strategy with 5% daily swings, even if the expected value is huge. + +Those are some characteristics of a good edge/ idea and hopefully it gives you some ideas. + +**In another post, I will go into my strategy for earnings trading as a follow up example to this**. The reason I am exploring earnings is because there is a lot of retail interest, it's tricky to model well, and there's likely to be a variance risk premium. + +# Building your strategy + +# 1) Pick what you are trying to predict/forecast. + +Something really important to note is that whenever you are placing a trade, it is your opinion VS the market. There is somebody on the other side of your trade taking on the opposite view of you. + +Since we are trading our ideas against the market, it means, we are expressing a *disagreement with the markets view on things.* So whether we know it or not, we have some sort of "forecast or predicting" on how things *should be priced.* Being conscious about what we are trying to predict is very important. + +For example, if we are trading earnings volatility, what we might be trying to predict is the straddle PnL, and if we can identify when they are cheap/expensive, we can build a strategy. + +What we are trying to predict is referred to as your **target variable.** + +# Not why, but whether. + +Once we have an idea or something we want to forecast, we don't want to ask "why does this exist". We start by asking "whether this exists". + +So many retail traders fall into this trap. They say: "This sounds like a good idea because of A, B, and C reasons, I'm going to trade it". + +But we can't ask why it exists until we confirm whether it does. + +This part usually requires some pretty serious data science skills. A workaround for retail is to look at academic papers for ideas, or surround yourself with people who have the skills. + +A good place to research is: [https://www.ssrn.com/index.cfm/en/](https://www.ssrn.com/index.cfm/en/) + +# What should we try to predict? + +What we try to predict is important. Here's an example to illustrate: + +It's hard to predict the score between West Ham and Manchester United ( an OK team and an all-star team), but it's not so difficult to predict who the winner is likely to be. + +So for our trading, sometimes we don't need to be trying to forecast the *exact move.* We can start by just focusing on *the bias.* + +So from a basic perspective, if we are trying to forecast whether a stock has an inflated risk premium in it's options (they are expensive), we can look at some data points that help us predict cheap/expensive, a fair value on volatility, and a reason for it, but then in our execution, we can be less married to our fair value target price and trade the cheap/expensive bias more consistently. + +# 2) Determine the factors that help us with our prediction + +Imagine you are trying to predict the amount of horsepower that a car has. In your "model", the **target variable** would be Horsepower. But what can help us predict horsepower? + +* whether the car is a v6 or v8? +* The colour of the car? +* rear, front or all wheel drive? +* number of doors? + +Let's say we determine that the 5 points above are good indicators of a cars horsepower. These would then become our **predictor variables**. + +**You can think of predictor variables as the checklist of things we go over when trying to make a conclusion about our target variable.** + +Example: If a car has a V8 engine, red paint, rear wheel drive, and 2 doors, it's probably over 300HP. + +# Consulting the data + +If you want to be able to do this on a professional level, you will need to develop your data science skills. Being able to work with and manipulate data is the equivalent of knowing how to type in the professional space. It's not an edge, but it's basically expected that you know it. + +In the retail space (most of us here), it's a nice to have and not a need to have. So yes, knowing it can be an advantage, but it's not a necessity. + +I will focus on how to do this with no coding background unless enough traders want to see the other part. + +# An example of trading a strategy being implemented + +**Note**: A lot of you ask what tools I use. A lot of the base data points and scans that I rely on are from Predicting Alpha. I then use Think or Swim to stress and analyze positions. I execute trades in Interactive Brokers. + +The reason I use these platforms is they a) provide me with analytics tools that ease the burden of needing data science skills b) let me analyze my positions in depth before putting them on c) offer me the best commissions and execution on my trades. + +For this strategy I am sharing in this example, I am trading the difference between the implied and realized volatilities for US Equities. Because of the variance risk premium, and increased retail interest I aim to build out a model that helps me identify overpriced options. + +# Let's start by defining my Target and Predictor Variables. + +1) **Target Variable**: Realized volatility over the next 30 days for a stock + +2) **Predictor Variables:** Current realized volatility last 30 days, current implied volatility 30 day, current future forecast of volatility 30 day, Current IV30d/RV30d Spread. + +Through my own research and things I've learned, the set of predictor variables I listed above are good at telling me about what realized volatility will look like over next 30 days. + +For each of those factors, I am trying to determine if they are high or low relative to the historic metrics (except for the volatility forecast, which is something a bit different, basically a statistical forecast of the future). + +Beyond each of these factors, I will look at the news to add a more qualitative component to my analysis. I want to understand *why* I am seeing what I do. + +# 1) Start with a scan + +I started by running a scan for a stock that had some liquidity and an IV30 > Forecast by at least 1.2x. I also added a filter for IV30>45% to get rid of stocks that weren't implying much to happen. + +The reason I do this is that the market has way too many things to look at, and it's efficient to use a scanner to filter from 1,000s of equities down to a shortlist of things that meet a "base criteria" for your strategy. + +[Filters: stocks price \> 15, average daily option volume \> 3000, IVvsFV \< 1.2x , IV30 \> 45, sorted by IVvsFV.](https://preview.redd.it/g6yp1atzenr71.png?width=1920&format=png&auto=webp&s=dcfd6b352cb0f410545e016a1c20ad197f5b3f5e) + +&#x200B; + +By doing so, I generated a list of 16 stocks to look at. Given the time of year, most of these stocks have earnings around 30 days from now, so I had to be careful to avoid ones with big earnings moves priced in since I am really trying to trade the non event volatility. Most of these stocks have a *bit* of earnings vol priced in on the 30dte options. + +The stock I chose for this analysis is GRPN (Groupon). + +# 2) Evaluate your predictor Variables + +IV30, RV30, and Forecast 30 analysis: + +IV30 = 77% + +RV30 = 48% + +FV30 = 57% + +IV30 is over 1.2x FV30. **This is my expensive indicator for the FV30 predictor variable.** + +Off the bat, this is looking good. IV much higher than RV and Forecast. This is usually a strong sign for "sell options". + +To move on, let's plot the historic IV30 and RV30 to see how they are moving relative to each other. + +[historical plot of IV30 and V30, we can see that IV has outpaced RV for the last month](https://preview.redd.it/adfkh4b8fnr71.png?width=1920&format=png&auto=webp&s=9900fa2e0710a3eb126cc6233bcebe2658bc2309) + +If we plot the historic IV30 and RV30, we can see that for the last while there has been a consistent premium of IV over RV. **This is my expensive indicator for IV30 and RV30** + +**One cause for concern:** We can see that IV has continued to rise despite the lower realized volatility, which means that someone is still a buyer at these levels and could be a slight cause for concern. I would definitely want to do somme digging into the company to see what's happening around it and try to hypothesize about who could be buying here. + +One last point we will look at here is if this ratio between IV and RV is normal or if its at an extreme. + +As I described in a previous [post](https://www.reddit.com/r/options/comments/py2j8g/ultimate_options_selling_guide_pt_2_detailed/): *Think of IV and RV as being in a dance together. They take turns leading the dance, but they try to stay in step with each other.* + +So looking at how they move together, we usually see it **mean reverts** around a comfortable spread between the two. If one strays too far from the other, they move closer together. If they move too close together, they push further apart. + +# Here is the IV / RV ratio for GRPN over the last year. + +[You can see it's move up towards the top of the range. This is because IV has been increasing while RV has stayed relatively low.](https://preview.redd.it/np8fipecfnr71.png?width=1920&format=png&auto=webp&s=8e72d5049240fdfb88dd32859dba102500d770fa) + +As we can see, the IV/RV spread is towards the top of the range. meaning they are far apart right now. So we can expect either RV to pick up, or IV to come down, or them to meet in the middle (there's other combinations of possibilities, but let's keep it simple). + +If we look back at the first graph, we see that RV has remained the same while IV has been moving up. So.. I could conclude that perhaps it will meet somewhere in the middle (iv comes down a bit, rv goes up a bit, but below the current IV line!). **This is my expensive indicator for iv/rv ratio predictor variable.** + +# If we look at all the variables, they check the boxes for the realized volatility to be lower than the implied. AKA: IV is expensive. + +Now as mentioned there's some qualitative research into the news, sentiment, who's trading this, to really build some qualitative confidence too. But assuming that checks out, I would be selling options here! + +# From here, I would put on a trade that properly express my view that volatility is expensive (maybe a straddle). + +I will go more in depth on structuring and managing trades in a later post, it's a whole topic on it's own. + +# These are the basics of good strategy development and finding an edge in trading. + +I hope that this post has given you some ideas and insights into the world of profitable trading. It might seem like over kill, but I promise that I do not go out of my way to to make things complicated. We actually want things to be as simple as can be, while still being profitable. + +An important thing to note is that you can actually do all of this work and still lose money trading. It's a tough game. We need to always be improving, looking for new ideas.. always on the hunt for that better edge. + +# If you found this post valuable please upvote it as that gives me ideas about what I should write about in my next post. + +Happy Trading everyone. + +\~AG +I feel like people are prepared for the real world or something like that. I made good grades in high school but nowadays I'm working in customer service, and was recently screwed over to the point where I'm going to be moving back in with my mother and restarting my life. I'm currently employed and living on my own under the poverty line. + +I have no idea what to do. I have a lengthy criminal record, but all non-violent offenses and I am drug free, no cigarettes either. I know I need a new job (I have no idea where to find one) and to start college, but I have no idea about what major to take; hell all I know is that I need to walk into a college and say I'd like an application. I have a 3.6 on my transcript and a 1860 SAT. + +TBH I don't know if this is the right place to post this but I'm scared. I don't have much going for me. I don't care what job i get out of college, I just want to be financially independent as soon as possible. + +tl;dr +1.) What are the best employment options for someone just starting college? +2.) Out of all Bachelor/Associates jobs, which guarantee the most financial security and job stability? +3.) How do I transition from high school grad commuting from my moms house to a financially secure adult? + +The price was $8.20 yesterday before I went to sleep and now I wake up to a $10.00 price? What happened? Can't seem to find anything related apart from bitcoin skyrocketing. Anybody know why the price spiked by more than 20% in less than 24 hours? +I’m fairly new to the space and this is the first real dip I’ve witnessed so I’m tempted to go all in and scoop up as much as I can. + +What is everyone else doing? + +EDIT: It seems like all the real ones agree with my urge to unload. I’m looking forward to viewing this post a year from now, whatever way it goes. + +1/5/2022: $3,439 +I see most people buying, waiting for it to moon and then selling and becoming millionaires. + +If people only want money and don't care about using crypto and just holding it until they reach a USD or EUR, then we're back to square one and FIAT will always rule, making crypto just another investment market and not a replacement of FIAT currency. +I'm a 29M, working as senior QA analyst in a big corp software company in a MCOL city. I'm putting in my notice because I'm burnt out and taking a 6 month long vacation. Got about 200k invested in VGRO. Math says I should be fine financially but this has been a big step for me psychologically. I wanted to quit 4 years ago and again 2 years ago because I didn't want to be in QA but that was decided for me when I got hired by my first boss. I needed the money and had quit my previous job so kinda got stuck in that role without the energy to start from scratch in development which is where I want to be. The idea of FIREing in 5 years also kept me chasing the money rather than working on career growth. Even now when I apply for jobs again in a few months I'll have to start from the bottom of the ladder with a 1/3rd paycut. My FIRE plans will extend by a few years. I tried to make this work every way I could think of before coming to this decision. Honestly the biggest factor here for me to reclaim some of my freedom which I think a lot of you will relate to. The feeling of being trapped because of a higher paycheck and being too worried about starting from scratch is a bummer. I didn't even have the enthusiasm to do things just for fun in the evenings and weekends anymore. Thankfully this community has helped me get to a point where I am at least financially set enough even attempt something like this. I've asked my manager for a reference already and have gotten that, my expenses are under control, I'll be using up my cash before dipping a bit into margin account reserves. + +I would love to hear your experience if you've been through this in your own life or have tips for me to make the transition smooth. +I have been lurking and occasionally commenting on this subreddit since around 2014 while I was still in college. I began the principles of FIRE around 2012 but have always been a frugal person in general. I was unable to start saving money until I graduated college in 2016 and got my first real job. The posts I have enjoyed most on this subreddit are the ones where seemingly normal people (no crypto/crazy inheritances/meme stocks) go over their finances. Also I would like to preface that I was extremely lucky in different ways which are highlighted below. I am in no means attempting to brag on this post, but I hope that someone can relate or find some type of inspiration to keep on chugging along! + + +**Background** + + +I was born in a relatively good-sized MCOL city in the southeast US. My parents divorced when I was small but continue to have a good relationship even to this day. I was raised in a solid middle class family and have not had many of the disadvantages that so many people have faced. + +Went to a state school within an hour of where I grew up. I believe tuition at this time was around $8k a year and with some minor scholarships I ended up paying about $5k a year out of pocket. I lived in an off-campus student apartment complex and rent ranged from $300-$500 a month with three roommates during my four years there (2012-2016). During school I worked two part time jobs (both retail) to cover my living expenses and tuition. During the summer I worked as many as 6 part time jobs, averaging 80-90 hours a week, in order to offset my expenses during the year. The most I ever made in college was $10/hr and averaged about $16k a year. + +I was commuting the hour or so every day for classes and work for the last two years. I was spending so much time working and going to class that I felt like I was going through the motions with no real plan of what I wanted to do with my life after I graduated. The semester before I was expected to graduate I was working night shift at a gym and struck a conversation up with a couple guys after they noticed me studying biochem at the front desk. We talked several times when they came in and they eventually asked I wanted to apply for position at the company they were working at. I ended up interviewing with them the day after I graduated and started two weeks later. This small bit of being in the right place at the right time has helped me tremendously and would say this is the most defining push to FI that I have had. + +My grandfather passed away while I was in college and left each grandkid about $10k which I used to pay off a $5k loan and used the rest to help buy a $10k car that I still drive to this day. We were extremely close and his will had asked that I take over his home. Due to some issues with other family members the home ended up going to my mother. I still rent the house from her to this day at a pretty heavily discounted rate. However, I treat it as my own and have put a lot of money, sweat, and tears into this place over the years. In addition to the $500 rent each month I also average about $300 a month in various home improvement projects and take care of most all maintenance. I expect to eventually inherit this home but even then $800 is still a steal for this area (could probably rent for $1200). + + +**Career** + + +I graduated May 2016 with around a $25k net worth (around $10k inheritance and the rest savings from jobs). I began working at a company the same month in an entry level position making $46500 a year. I won't bore anyone with too much detail on the company but it was a Clinical Research Organization; these companies are contracted by drug manufacturers to oversee research trials and help with the FDA approval process. + +* 2016: entry level position making $46500 with a raise mid year to $52650 +* 2017: same position with 2.7% COLA +* 2018: new position in department I wanted to be in with 4.7% raise ($55k) +* 2019: new position to a traveling role ($70k) +* 2020: switched companies with same role ($85k) +* 2021: the market for my position really took off in 2020/2021 and companies can still not keep employees (resulting in significant salary increases). I received a promotion in early 2021 (same role - senior title) to $91k, a COLA half way through the year to $92.5k, and a market adjustment to $111k a few months later. + + +**Net Worth** + + +During the first few years of my career I incessantly read this sub-reddit and kept my expenses extremely low while increasing my budget/retirement contributions with each raise. I began maxing my 401k within the first year and continued contributing to my ROTH every year; maxing that in random years but consistently since 2018. + +I have been keeping a spreadsheet detailing expenses, net worth, and future projections since 2016. I am unsure how to provide a table in reddit, but I did want to provide my net worth throughout the years + +* 2016: $30k +* 2017: $67k +* 2018: $80k +* 2019: $134k +* 2020: $195k +* 2021: expected $275k + +Expenses have also increased from around $15k in 2016 to about $45k a year now. I met my significant other in 2018 and we got married earlier this year. We do a fair amount of traveling (domestic and international) and will continue to do so. Kids are on the table but we do not have a set retirement plan yet so we are just working on maxing our retirement accounts (my 401k, my IRA, her IRA) and seeing where that takes us. + +Current assets are as follows: + +* 401k: $144k +* ROTH IRA: $55k +* Brokerage: $15k +* Crypto: $12k +* Cash: $21k +* HSA: $2k +* SO 401k: $9k +* SO ROTH IRA: $3k +* Total: $261k + + +**Take Away** + + +I wanted to reiterate that I have been extremely lucky with my career and housing situation and know this is not repeatable by most. However, I hope that those starting off their FIRE journey can pick at least one thing up from my post. Everyone's financial timeline is different, but saving as much as you can as early as you can will allow you to compound. Continue to pay your future self first by setting up automatic withdrawals (401k, brokerage, IRA). I am by no means the best to give out financial advice but there are thousands of great people in this subreddit that have provided great advice - use it! +Hello all, + +Like the title says, I have a sister who is 18 years younger than me and I want to make sure she has money for college or whatever when she graduates high school. + +I'd like to put away about $500.00-$1,000.00 a year for her but I'd like it to earn some interest and have it be in her name with me as the executor. + +Edit: so what I've looked into, I've found that Gerber Life offers a 529 with a life insurance option attached to it. Some people have said don't go with a brand name like Gerber so what are some alternatives? This seems like the best of both worlds as it let's me keep it if she ends up being a degenerate and can't be trusted or still goes to her if something were to happen to me. + +Thanks for all the advice and encouragement! + +Edit 2: I appreciate all the advice, but like I said in the op. I'm looking to invest slowly, I don't have a large sum of cash to invest immediately so things like buying real estate, sums of gold and silver, or bitcoin just aren't going to work +Back in January when GME was going crazy my life was doing just the same. My sleep schedule was non existent. I spent all day looking at the ticker and all night reading every post on here. Then they dropped the price to $40 and I went and focused on the rest of my portfolio. Life went back to normal for the most part. Then here comes the end of March and GME is going crazy again and so is my life. Sleep was non existent and again all day reading DDs and looking at memes and the ticker. + +Now, I'm over it. I know the DD is solid. I know they haven't covered and no matter what I read it changes nothing at all. If the ticker isn't sky rocketing then I don't care. My life has gone back to normal but I think this is where the hedgies fucked up. They dragged this out so long that I no longer expect to get rich tomorrow so now I can go about my normal day to day activities not expecting anything. I know the DD is solid so I feel comfortable buying more shares every chance I get and more importantly price drops don't affect me in the least. Shit I wish it went back down to $40 I'd sell my 3rd nut to buy more. + +So here I am raising my hand 🙋 who else feels the same way? + +👐🤦‍♂️👐🚀🌕 +I’m feeling a little autistic today and I don’t know what to do with this information, so I am making this a post. I was bored (no market open today, y’know) and browsing reddit when a particular post caught my eye: + +[**THE POST IN QUESTION**](https://i.imgur.com/peV3MMh.jpg) + +I know it was discussed in the past that we may see this sort of anti-NFT sentiment pop up when the GME NFT marketplace is announced and/or close to launch in order to damage public opinion before anything concrete is shown. I feel if we’re seeing this campaign in play, “market events” are closer than farther from happening. And well, we **DID** have that marketplace announcement yesterday… + +This particular user has a span of about four years between account creation and the oldest content/post history available on their profile (likely nuked account and sold to someone?) Unfortunately, sites like Ceddit and Removeddit have been taken down or no longer maintained. The Wayback machine also didn’t have any of this user’s post history backed up, nor did any google cache for this user load. This feels like something happened on a grander, reddit-wide scale to have these utilities used to see deleted information wiped, but I guess that’s a conversation for another post. + +A couple of things that stuck out to me when digging: + +1. I used a Chrome extension called “Redetective” to analyze the user’s live post and comment information to identify trends. [**See the subreddit and keyword breakdown here.**](https://imgur.com/a/mpVtFxm/) This user is majorly active on the cryp-toe subs and other financial subs. The engagement for other subs is much significantly smaller. And upon further snooping, the anti-NFT posts that they made are the one and only posts they’ve ever made in these particular gaming communities, with no comments. You’d think if they were so pro cryp-toe and web3, they’d have more enthusiasm for NFTs, but apparently not going by these posts. +2. This particular user has an account dating back to 2017. They only have posts as old as 183 days ago (August 6, 2021) and comments back to 108 days ago (October 20, 2021). Looks like someone nuked a reddit account before sale and steered it on this new course. +3. The thing that *really* sticks out to me: they’re consistent throughout all hours of the day here. There’s no time where they sleep or work and don’t post anything at all. Every hour of the day is nearly just as active as all the others. [**This is the breakdown of their active hours for posting and commenting**](https://i.imgur.com/lNNx1YD.jpg) I don’t know about you but to have this sort of consistency, I’d have to really be trying to meet some sort of quota or something. Who would need to meet quotas? +4. 996 total posts and 1000 total comments. That's a weird ratio to have. (I added all posts and comments in the hourly chart above to get these numbers) Also of note: one of the NFT posts was already removed and I don’t see it included on this breakdown, so the post to comment ratio could likely be 1:1 if they’ve had three other posts removed in the past 183 days. Again, sounds like someone is meeting a specific quota of posts/comments per day here. + +I could be full of it and trying to find something where there’s nothing. But everything I’m looking at here makes me think even more that it’s time to 🚗🚙**BUCKLE UP**🏎🚕 so I wanted to share. If I’m not completely wrong, I feel this shows that the anti NFT shill campaign is now fully upon us. + + +TLDR: Based on reddit activity that I am currently witnessing, the anti NFT sentiment that we said would be spread to lessen GME’s marketplace announcement/launch seems to have begun as predicted. I just don’t know if there’s a real good way to share this information widely. +I am a long term hodler from 2013. Here is my personal advice for new investors, I hope it will help someone. + +1.) Don't invest more than you can afford to lose. Bitcoin may go to $1M and it may go to $1. I give either one about an equal chance at this point. Bitcoin has been good to me but it is very volatile and high risk so invest according to your risk profile. + +2.) Keep your coins safe, ideally in a hardware wallet . If you want to use an exchange Coinbase is at least a public company registered with the SEC. + +3.) Stay away from shitcoins. + +4.) Don't trade bitcoin. No one can make sense of the swings, buy and hold for 5 years and see how much you make. + +5.) Don't get too caught up in in the swings. Over the years I have seen my coins go up 1000% and then down 80%. Don't get caught up in the fud or fomo, think long term. + +6.) Plan your personal moon. Have an exist strategy to pay off your mortgage, college loans etc. when you hit certain amounts.