diff --git "a/reddit_finance_43_250k_438.txt" "b/reddit_finance_43_250k_438.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_438.txt" @@ -0,0 +1,10000 @@ + +7.) Always keep some. You never know how high it will go in the future so always keep some BTC long term. + +Good luck friends +Hello Reddit! + +I’ve created a fresh Reddit account in my own name. + +A couple people on my other post today from my old account asked for an AMA, happy to do one if there is any interest. + +I was met with some harsh skepticism earlier on the Bitcoin forum so I verified myself with a post about Reddit on twitter. (at first I didnt because I didnt think anyone would care or be interested) + +My name is Bruce Fenton – – I am the founder of Atlantic financial Inc., in 1994 we became the first full service investment firm on the Internet – in my career over the last 21 years, I have done approximately $4.5 billion in transactions – with a clean regulatory record. + +Much of my focus in my career has been on emerging technologies and big picture economic ideas such as the Internet and emerging markets. I focused on emerging markets such as the Middle East and my company also owns a consulting firm which is specifically focused on bridging business and cultural gaps between the West and Middle East North Africa region. + +I’m very interested, passionate and fascinated by Bitcoin – – I have followed Bitcoin for about a year and a half and was a somewhat early investor (but I certainly wish larger and earlier!) + +I know some people are distrustful of Wall Street – – I will work to answer any questions I can and provide as much transparency as I can as we all discussed this amazing and potentially disruptive and transformative technology called Bitcoin. + +- Bruce Fenton + +I was in the hospital for a few hours of the night in August because I was suicidal and called the police for help while driving home. Although I didn’t want to, they made me take an ambulance to the hospital (about 5 miles away) and I was evaluated until let go. + +I received 3 types of bills: +The first being the bill for the ambulance which was around $250. Got it, done, paid off. +The second was the bill for the hospital which was around $1300, *deep sigh* okay, paid that off too. + +I was thinking I was done with the bills when one came in last week from a billing agency called Schumacher. They were charging me for an emergency physicians fee for around $1400 where my insurance covered $1099.20 leaving me with the bill of $303.80. What perplexed me about this bill was the coding of what it was for, which was: **”BEHAV CHNGE SMOKING 3-10 MINUTES”** + +Uhm, excuse me? Never have I seen something like that. So I called the company and even the representative was confused by it. She told me she had never seen that before and put me on hold for 15 MINUTES to talk to her supervisor. They informed me basically that the charge was when a social worker came into my room and asked me if I smoked cigarettes. I said yes. He then lectured me about how bad that was and left the room. + +WHAT?? The woman told me that I needed to call the hospital about fighting this charge. I called the hospital and since I didn’t have an account number on the bill, told me that I needed to call Schumacher back. Are you serious? + +So my question is, what IS this charge, and how is getting a lecture worthy of charging someone $308 for? Can someone please ELI5? + + +**[UPDATE]** + +Hi everyone, I didn’t realize my post was going to get so much traffic. I appreciate all the advice I was given. Here’s some more information for you guys: + +- I remember a male social worker asking me if I smoked. We had a few words.. + +- I was taken to the hospital via ambulance because I said I wanted to crash my car. Totally understandable. + +- I was let go after ~4 hours + +- I still smoke. Trying to quit! + + +After reading what everyone said I am going to try to contest via letters to Schumacher and my insurance. My dad let me know his plan this year is that the family pay the whatever amount copay until it’s reached, then we are responsible for 20% of all doctor/hospital bills after that. We ran out of money around July. + +It’s not like I cannot pay for this bill. I would just rather not pay for something that I don’t HAVE to pay for, since it was not the intention of the visit and I am also over 18 years of age, I should be given some right to refuse. + +Thank you all again for the advice, I REALLY appreciate it!! + + + +By the way, I’m a girl. +Psychologist here - planning to make changes in the coming year. Such as more private practice, additional hours etc. close to finishing my Clinical Endorsement, so have higher earnings capacity soon. Currently on 113k pa +17% super and approx 20k on the side supervising. + +Just wondering what people make, whether it’s private, on salary or consulting. Some detail and context would be helpful. + +What do you do, how much do you make etc and any other thoughts? Private practice worth it? +Just found out the other day about FHSS and used an online calculator to find out I could save myself $3182 a year through doing a salary sacrifice setup rather than save for a house traditionally and I love the idea of it. I want to start doing this when I pay off my car loan debt so I can buy a house in 2 years. Wanting some extra advice on the subject if anyone has personally done this method or if anyone knows a lot more about that could give me a better understanding? Or would it be best to go speak to a financial advisor before I take this path +My mother owns timeshare at Shearwater Country club in Tasmania, and we have recently found out that she is locked into a perpetual agreement to pay well over $1000 per year, and that will not allow her to exit unless she sells it to someone else. + +This seems like a scam, does anyone have experience exiting this type of agreement? + +Article directly related to timeshare club: https://www.choice.com.au/travel/accommodation/timeshare/articles/classic-holidays-the-matchams-story +Anybody who thinks people don’t use FB haven’t visited India lately I guess. Let me tell you what I saw in my recent trip. Everyone, even people in villages now have access to smart phones thanks to Chinese companies. TikTok is banned in India so everyone is on Instagram or Fb. People in India exclusively use WhatsApp to communicate. They just video call each other all the time. Data is insanely cheap in India. Basically everyone gets unlimited 1-2 GB per day with whatever phone plan they get. WhatsApp business in India is expanding, you can book tickets and such using WhatsApp. Indian youth is using instagram reels like the rest of the world uses TikTok. Google pay and other digital payments are also on the rise, which means Fb/insta ads are gonna get converted to people buying things online. Middle class is on the rise here and people are addicted to Facebook. +What’s up + +FTSE Russell’s website has been crashing for the past 5 hours but I was finally able to get it to load. Today, FTSE Russell announced preliminary changes to some of their indexes. + +Why is this important? Well previously, **GameStop was in the Russell 2000, 2500, and Microcap indexes**. You can see how companies are organized into these indexes [here](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf?_ga=2.52998315.2077289559.1622740584-1724202943.1618684881) page 21. + +GameStop was in these indexes because they are market cap weighted, and as of the last reconstitution **in 2020, GameStop’s market cap was a measly ~$200M dollars.** It was indeed scraping the bottom of the barrel for these indexes, even the microcap one. You can see the ranges for these indexes [here](https://www.ftserussell.com/research-insights/russell-reconstitution/market-capitalization-ranges). + +Now this is a big deal because as you can see from the median market caps for the mentioned indexes, **GameStop was on the bottom half of each one. But the date of record for adjusting stocks for 2021 was May 7th, and GameStop’s market cap was a *whopping* $12.5B.** + +That means **it should be removed from those three indexes**, and **added to the Russell 1000, 500, and Midcap.** Now typically this isn’t a great thing for price action, [this article](https://www.nber.org/digest/nov13/stock-price-reactions-index-inclusion) discusses how going from the top of the 2000 to bottom of the 1000 causes selling pressure due to adjustments in weight from one of the heaviest weightings to one of the lightest weightings. + +However, our pal GameStop has been putting in work recently. Using the medians from the link further up, you can see that **GameStop is going from below the median (bottom 50%) in the old indexes, to above the median (top 50%) in the new indexes** (other than in the Russell 500). **This means that it will gain weight** and **passive fund managers will have to buy oodles of our favorite stock to accurately match the new Russell indexes.** + +The Russell 1000 is a big deal as far as index funds go, much harder to short a whole index of Wall Street favorites compared to the 2000. **Apple, for instance, is one of the top holdings in the Russell 1000.** There is also the question of what happens to previously shorted ETFs containing GameStop. + +Now, this is just speculation, albeit heavily supported speculation. **FTSE Russell hasn’t released the official index changes for the 1000, 500, and Midcap just yet.** They should announce the changes in one of the updates on the 11th, 18th, or 25th. **But they did announce changes for the microcap today, and [GameStop is being removed](https://www.ftserussell.com/files/support-document/russell-microcap-deletions-2021), thus confirming the theory.** + +Shoutout /u/WisePhantom for the links + +TLDR: GameStop is most likely getting added to the Russell 1000, 500, and Midcap, at a greater weight than it was when it was in the Russell 2000, 2500, and microcap. This is very bullish if true and should result in buying pressure due to passive funds rebalancing ETFs that track the Russell 1000 and others. The reconstitution should be finalized by the 25th. +I’ve received two calls over the couple months from Sallie Mae concerning first my sister, then my mom. Both calls I’ve ignored and let go to voicemail. In both cases the representative was asking me to provide contact information for my sister/mom and claimed it was a “time sensitive matter”. I believe these calls are legitimate because my family is terrible with money and have a history of defaulting on loans. My question is, do I have any obligation to respond to these calls? I am not close with my mom or sister and I would prefer to stay out of it entirely if possible. Thanks for any advice. +Just looking to see what others think of my outlook, other ideas are of course welcome. + +Right now the BoC is a bit hesitant to raise rates aggressively as they know that the debt burden all retail consumers have would implode. So they are forced to go slowly, sort of like weening a baby off a bottle. But BoC has to keep pace with the FED or the CDN dollar will take a huge shit, not in lockstep but the FED can't get too far ahead in rate increases. (maybe i'm totally wrong here) + +Gas prices at the pump are already being felt with oil prices rising, and this combined with higher interest payments will lower the discretionary spending that canadians have. + +If they want to maintain buying power, they'll need to use debt, which fuels the debt to income ratio at its already ridiculous level. About 175% + +I'm thinking the Canadian market is in for some hurt in the next 12 months. + +Thoughts? am i dreaming ? +As interest rates rose in 2018 a lot of Canadian REITs took a beating. Many of these companies appear to be well managed, in solid financial shape and often issuing generous dividends to boot. + +What are everyone's thoughts about REITs in 2019? A lot of the pricing looks 'on sale' but of course there is the uncertainty of future rate increases. Two REITs hit particularly hard that I'm watching are HOT.un and SOT.un. +I would like to organize my "three bucket" accounts; Tax-Free, Taxable and Tax-Deferred +I've been following the Canadian Couch Potato (CCP) strategies and Boglehead mentality. + +I am currently trying to max my TFSA by investing 50% of my anual income each month. +I have an emergency fund put aside and I make $100,000 anually. + +I am following the typical CCP strategy, by investing into: XAW and VCN (When I get older I will purchase ZAG) +My allocation percentages are: 95% XAW and 5% VCN currently. + +First I will max out my TFSA - then once my TFSA is maxed, I will put $500 into: TFSA, RRSP and Taxable accounts. +The remaining 50% of my anual income I will fund into my RRSP until that is maxed as well. + +What I would like to discuss here, is what would some good options be for my RRSP and Taxable accounts? +Should I put VGRO into my RRSP and Taxable account, or VEQT + VAB / XEQT + XBB? +Should I just do the XAW + VCN + ZAG into all three accounts? + +Thanks for your time, hope you all enjoy the weekend! +My exposure is literally 0 (aside from whatever is held in a couple ETFs I hold) as in the past my husband had nothing but losses in everything he bought in that sector. Now with all the rotation I’m thinking I need to diversify in. Problem is I don’t know where to put some cash and don’t feel like doing a ton of research on all the options until I narrow it down. + +I am thinking about 15k in. Not looking for super risky small cap. + +Advice? +Full disclosure: I own Arc Resources ($ARX) + +Like everyone else here, I watched the price of oil crash a couple days ago. Meanwhile, for all 3 days this week the price of natural gas has been creeping up. A company like Arc is mostly a (about 75%) gas play yet it's been slammed just as hard as any other. Or what about other companies that are almost entirely gas plays? + +In your opinion, is this just basic market sentiment or are there other factors at play? Yes I'm also aware that their CEO quit recently and that their price was already slowly drifting downward. I just dont see the correlation here. Companies like Suncor or Cenovus are getting shitkicked because they are almost entirely oil, makes sense. Gas plays, not so much. +What do you fellow Canadian folks think of this one? I believe their IPO date is tomorrow on both the +TSX and NASDAQ. Telus seems to be a decent ran company and dividend is decent. Hopefully they will extend over to International. + + [Telus International prices IPO in bid to expand digital business - BNN Bloomberg](https://www.bnnbloomberg.ca/telus-international-prices-ipo-in-bid-to-expand-digital-business-1.1553641) +I'm looking for a long-term hold (5-10yr) and looking to throw around $500 into one of these stocks. I already own $500 worth of Riocan with a cost basis of $17.60 and around $2000 worth of VRE.to that I have DCA'd for almost a year now. Which company do you believe is a better long-term hold, I'm leaning more towards Riocan as I can see them increasing their dividend once society returns back to normal. +28 year old, started investing back in March after. I'm focusing on a dividend portfolio in my TFSA, currently have $4000 invested and looking to invest another $1000 every month. Focusing on long term investing and reinvesting every dividend payment, low to medium risk is my preference. I've made a list of the stocks/ETF's I would like to buy, my plan is to put $1000 every month and buy one of the stocks/ETF's every month. Looking for any advice and tips, thank you. + +Currently own +Enbridge - ENB.TO - $1000 +Toronto-Dominion Bank - TD.TO - $3000 + +**Telecom** + +TELUS Corporation - T.TO + +Rogers Communications - RCI.B + +Bell - BCE + +**Real Estate** + +RioCan Real Estate Investment Trust - REI.UN.TO + +Brookfield Property Partners - BPY.UN.TO + +**Energy** + +Suncor Energy - SU.TO + +TC Energy Corporation - TRP.TO + +Canadian Natural Resources Ltd - CNQ.TO + +HydroOne - H.TO + +**Mining** + +Kirkland Lake Gold Ltd - KL.TO + +**Insurance** + +Great-West Lifeco - GWO.TO + +Sun Life Financial Inc - SLF.TO + +Manulife Financial Corporation - MFC.TO + +**Railroad** + +Canadian National Railway - CNR.TO + +Canadian Pacific Railway - CP.TO + +**Financial** + +Bank of Nova Scotia - BNS.TO + +Canadian Imperial Bank of Commerce - CM.TO + +**ETF** + +BMO US High Dividend Covered Call ETF - ZWH.TO + +BMO Canadian High Dividend Covered Call ETF - ZWC.TO + +iShares S&P TSX Composite High Dividend Index ETF Units - XEI.TO + +Vanguard US Total Market Index - VUN.TO + +Vanguard S&P 500 Index - VFV.TO + +Vanguard Canadian High Dividend Yield Index ETF - VDY.TO +Relatively new to investing, currently using wealthsimple trade, so no USD account. Currently, sticking to Canadian listed ETFs. + + +Considering putting this ETF into TFSA as the dividends are quite low so the 15% tax on dividends from US a smaller issue than RRSP taxes upon withdrawal. Looking to hold long-term. Looking for about 10% overexposure on Technology Growth (about 60% of portfolio is in broad based ETFs). + + +QQC-F.TO, ZNQ.TO, XQQ.TO + + +- QQC-F has the lowest management fee (0.25% vs 0.35%) + +- XQQ has the highest liquidity (ave. volume of 96k vs 14k and 6k) + +- All hold NASDAQ 100, though QQC-F is via QQQ US ETF + +- Top 10 holdings are 56% of portfolio + +- 45% Technology, 20% Communications + +- 5 year average return of 20% + +- 100% US, but that does list internationally exposed corporations + +- EDIT: (angelus97) QQC-F and XQQ and ZQQ are hedged, ZNQ is unhedged (historically better between US-CND) + + +TEC.TO + + +- management fee of 0.35% + +- ave. volume 63k + +- holds 257 stocks (83% USA, 1% Canada) + +- Top 10 is 53% of portfolio + +- 57% Technology, 17% Communications + +- holds same top 10 as QQQ except adds Visa and Mastercard (pushing PYPL and CMSA lower) and has slightly lower %s in each because of broader diversification + +- new ETF so no track record, though outperforming QQC-F by about 4% YTD + +- EDIT: (ocropruses) follows Solactive Global Technology Leaders Index (meant be more disruptive technologies) + + +XIT.TO + + +- 100% Canadian holdings, 100% Technology, highest fees (0.55%), 97% of holdings in top 10 + +- could probably build the portfolio myself if desired (50% is SHOP and CSU, 80% if include GIB-A, OTEX) + + +For someone looking to hold Canadian ETFs, TEC.TO seems like the better buy over a NASDAQ 100 Indexed ETF. Curious if others have a different read on this space? + + +Curious if holding QQQ directly is the next best route or better route (suck up the small conversion fee on buy and again much later on the sell)? + +EDIT: angelus97 brings up a few more considerations (also see above edit) + +- HXQ for non registered accounts (I believe it reinvests the dividends to avoid the 15% withholding tax on the small amount of dividends these ETFs offer) +There is a strong will among ethereum communities to have a block reward reduction in the upcoming ice age delay fork, The objective of this poll is to communicate to devs what r/ethtrader community thinks about this issue. + +[View Poll](https://www.reddit.com/poll/ebiq33) +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! + +It is obvious that these more social/subversive attacks against the Ethereum ecosystem are Bitcoin's attempt to try to slow it down because the BTC Maximalists know that its only a matter of time before Ethereum takes the reigns as the dominant public blockchain. They are trying to stall the spread of Ethereum before they can get Rootstock out, which is inferior to Ethereum's smart contract capability bc the functionality is not baked in at the protocol level - which in turn raises many security questions. + +I think it is pretty darn SAD that the Bitcoin community cannot come together to innovate (like they used to) like other blockchains are doing. Now, they find themselves a diseased community that can only resort to FUD tactics. + +Its time for the Ethereum community to fight back...not amongst itself or any pseudo-classic/legacy chains but directly against Bitcoin maximalists. **Our greatest weapon is our pioneering and groundbreaking development on the Ethereum blockchain.** Let's stay focused on sharpening this sword. +I wanted to withdraw my BNB tokens from Binance but then I saw that there is a 0BTC withdrawal limit for some reason,I checked my email and there were 0 emails from binance about this issue,so then I wrote a ticket to binance explaining my problem it has already been 2 days without any reply I believe this is a serious issue since they are not allowing me to withdraw for no reason at all and I am getting no replies from their support.I appreciate if someone could tell me what I should do in this situation and is hiring a lawyer at this point a good choice? + +Proof: https://imgur.com/a/WpLY5 https://i.imgur.com/3bl50yI.png https://i.imgur.com/CtzSOLM.png https://i.imgur.com/sZ1bjfH.png https://i.imgur.com/GZUftMD.png + +I am a relatively new investor and have noticed that it is a common refrain on both this sub and from many other sources of financial advice that the easiest/safest way to invest is to dollar cost average into an S&P 500 ETF or index fund. My question is why 6-7% year over year growth in the US Market viewed as a foregone conclusion? Sure there will be down years but the US market always recovers and seems to grow far faster than its peers. + +Since 1995 the S&P 500 is up around 700% while the Nikkei 225 (Japan) is up around 50%, the DAX (Germany) is up 550%, the FTSE (United Kingdom) is up 88%, and the CAC 40 (France) is up 175. Since 2010 the FTSE MIB (Italy) has seen virtually no growth while the S@P/TIS (Canada) has grown 55%. + +Why is it that the United States stock market has significantly out performed seemingly every other highly developed, democratic, capitalistic, market except for maybe Germany. What makes the US unique? +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. +Is it just me or does it seem like the stay at home stocks are being overly punished. + +Why are stocks like CNK, DAL, etc up so much. Nothing has fundamentally changed yet. They still are way down on revenue, customers are not lining up and won't for at least 6 months. + +I anticipate a reversal in the next couple days with money flowing back out of recovery stocks and into stay at home stocks when everyone gets a grip on themselves. + +QDEL is down 30% today and they sell a joint Covid/Influenza testing solution. Do we really think the testing is going to stop or decrease because a vaccine is coming out in 3-12 months in volume. Hell no. Utah just announced yesterday that they are testing all Higher Ed Students WEEKLY and are shutting down all extracurricular activities for the next 2 weeks. [https://www.deseret.com/utah/2020/11/8/21555418/coronavirus-new-cases-deaths-hospitalizations-governor-herbert-announcement-restrictions-mandates](https://www.deseret.com/utah/2020/11/8/21555418/coronavirus-new-cases-deaths-hospitalizations-governor-herbert-announcement-restrictions-mandates) + +Staying in OSTK, FSLY, DPZ etc and seeing what they market does for the rest of the week. +# What Happened? (Hack Recap) + +73,399 addresses have been sent a malicious token to target their assets, under the false impression of a [$UNI](https://twitter.com/search?q=%24UNI&src=cashtag_click) airdrop based on their LP's + +0xcf39b7793512f03f2893c16459fd72e65d2ed00c + +&#x200B; + +https://preview.redd.it/j5lbqzg2w1b91.png?width=679&format=png&auto=webp&s=c4399ae446444650850e095bb085930114bfa876 + +The malicious contract pollutes the event data so that block explorers index the "From" as the legitimate "Uniswap V3: Positions NFT" contract. + +Now that a user sees that "Uniswap V3: Positions NFT" sent them a token (without knowledge of the event pollution attack), they would get curious and check the token. The token name directs them to a website that looks similar to Uniswap, and once users connected their wallets, their cryptocurrency was drained from their wallets. + +So far, they have scammed (\~$9.1million) from users, from native tokens (ETH), ERC20 tokens, and NFTs (namely, Uniswap LP positions) + +The stolen ETH is being laundered through Tornado Cash. + +&#x200B; + +https://preview.redd.it/h20mdrzix1b91.png?width=939&format=png&auto=webp&s=1d0c30954f51f111ef2065cc28ac87579fd740e5 + +The attack might be big, as \[[0xSisyphus](https://twitter.com/0xSisyphus)\] pointed out that a large LP (0xecc6b71b294cd4e1baf87e95fb1086b835bb4eba) also seems to get phished. + +# How to Protect Yourself: + +If you have received the Malicious Token. Do not try to burn it. + +Because to burn it, you would have to interact with it. And, It's heavily advised to not interact with suspicious tokens because: + +1. You don't want to waste gas-burning tokens + +2. You don't want to open yourself to an attack, such as ETH\_RUNE + +In summary, just leave it and pretend you don't see it +I've done a bit of angel investing, usually investing in specific companies as seed or A rounds. Recently, I've been looking at funds that invest in multiple companies and they tout expected returns of 2-3x but this is over 10 year or 15 year timelines. I feel like you'd get similar returns investing in specific stocks or even index funds while still retaining liquidity. What am I missing? +My wife and I just had another nice liquidity event and I’m finding myself wanting to (yet again) adjust my fatFIRE and SWR targets after hitting previous goals. + +I’d love to hear from the group: what is/was your LNW target number and SWR rate goal? If you’re already RE, how’s it going? +It may seem strange at first, but I honestly don't think I could have done without somehow effecting the other. My lifestyle changes both in regards to my food and with with finance were very much linked, so I thought it was worth sharing some of the parallels that helped me "breakthrough" with both. + +**Calorie counting and budgeting** + +A lot of you may be familiar with the concept of calorie counting, but it really didn't hit home to me how important it was to log every meal accurately until I was doing the exact same process monthly with my budget. + +When I considered the food I was eating in broad terms of nutritional value, it was the same for me as hand-waving dollar amounts attached to things. You ever get that feeling that money just seems to magically disappear into the ether when you aren't accurately tracking and planning exact amounts? The same thing was happening with my calories, and lead to plateaus and regaining weight I thought I had lost for good. + +Planning out meals and my daily calories the same way I did for my budget kept me from mindlessly snacking, missing my workouts, and overeating. Being "by the numbers" made cause and effect very clear. + +**Value per calorie and the value of a dollar** + +It really hits home to you how every dollar should count when you run out of money before you run out of month. The same feeling when controlling your food intake is much worse in some ways, because ultimately, eventually you're going to need to eat. You can live without spending for a few days or weeks. You can't (safely) do the same with your food. + +I was forced into justifying every calorie "expenditure" and re-examined a lot of junk that was just too "costly". It was very similar to my monthly budget review, looking over where money had been wasted on things that really didn't prove their value. Doing both on a regular basis really helped me to master self-control. + +**Debt and extra pounds** + +Every poor food choice that took me over my calorie limit is hanging out on my body, just like everything I couldn't afford that I threw on credit was hanging out my statement. In order to make a dent in either, I had to meet the minimum needed for the day (minimum payment versus minimum resting daily calories), and make a dent above and beyond. This is hard to do when it feels like you just don't have enough cash/calories, but over time you learn how to do more with less. + +**How dieting saved me money, and cut pounds** + +Paying with cash instead of credit and debit cards may make you more inclined to choose healthier foods, according a Cornell University study. It also, in my opinion, definitely makes you think twice about spending a lot when you switch to cash for your groceries. My bill for food dropped from 600-800$+ a month to just 300$, sometimes not even taking a grocery trip for a month. Costco and my slow-cooker completely changed the way I thought about preparing meals. And I still eat very well, with no lack of variety. + +The average restaurant meal has 1,128 calories, which, if you're a female of my size, is almost 75% of your daily calories in one shot. The average restaurant meal costs $35.65+. Consider that the average American eats out about 3.1 times a week, and that adds up financially and physically. Dropping meals out is common advice in this subreddit and /r/loseit for a reason. Now that I eat out maybe once a month now, I definitely don't miss it. + +In conclusion, I think that neither of these things was particularly easy at first. No one likes finally looking at their bank statement and realizing that it's going to take months to repay past debt. No one likes looking in the mirror and realizing that they've been overeating years. In my case, I'm not in any way completely finished with either. I'm 8 pounds away from my goal weight, and in 3 months my debt will be completely repaid. + +Having a defined plan and a budget has completely turned around my finances and my health. *I've stopped being afraid of bank statements and the scale*, and that's an incredible weight (ha) off my shoulders. +https://www.bloomberg.com/opinion/articles/2021-05-18/s-p-firm-forgot-to-update-the-xiv-index + + +Relevant text: + +>How are things at the $2 billion deli? + +>>Hometown International, the mystifying New Jersey deli company that is valued at nearly $100 million on the stock market — despite running just a single deli — has ousted its CEO, according to a financial filing. + +>>Paul Morina, a local high school principal and renowned wrestling coach in the area, was removed after a vote by majority shareholders, according to the late Friday filing. + +>>Morina owns about 1.5 million shares of the Paulsboro-based company, which are worth more than $18.5 million based on the company’s current stock price. + +>>Shareholders of the company also ousted the company’s only other executive, vice president and secretary Christine Lindenmuth, who works in her day job with Morina as an administrator at Paulsboro High School. + +>Here is the filing, from last Friday. It is not quite accurate to say — as the New York Post’s headline does — that shareholders fired Morina. It’s more that they demoted him. He lost a lot of titles: + +>>On May 13, 2021, the Board removed Mr. Morina from all officer positions he held with the Company, including President, Chief Executive Officer, Chief Financial Officer, and Treasurer of the Corporation, effective immediately as of such date. + +>But he still runs the deli: + +>>Mr. Morina and Ms. Lindenmuth remain principals of the Company’s operating subsidiary, Your Hometown Deli, LLC. + +>See, Your Hometown Deli is a deli in Paulsboro, New Jersey, that occasionally sells sandwiches, mainly to curious financial journalists. Hometown International Inc. is a U.S. public company, with a basic market capitalization of about $100 million and a fully diluted market cap of about $2 billion, that is some sort of mechanism for taking a foreign company public in U.S. markets and that also happens to own the deli. The $2 billion public company is now run by Peter Coker Jr., a Hong Kong-based financier who was already the chairman of the board and a major investor in Hometown International, and who “intends to devote his full time to seeking a business combination for the Company,” as the company said back in March. It makes sense that the mergers guy in Hong Kong would run the $2 billion company that’s in the business of merging with an Asian company, and the wrestling coach in New Jersey would run the local deli in New Jersey. Sensible division of labor! It was always weird to have the New Jersey wrestling guy in charge of the Asian merger company! Also it’s weird that they’re the same company. + +>The deli has had some other good filings recently. Yesterday it disclosed that its quarterly report will be late, “because the Registrant needs additional time to complete certain disclosures and analyses to be included in the Report.” The relevant quarter ended on March 31, before Hometown became famous, so the problem is not that they sold so many sandwiches to so many financial journalists that their accounting systems couldn’t keep up. I assume that, given their recent scrutiny, everything just needs to be lawyered a bit more carefully than it has been in the past. + +>Also here is an April 30 filing in which Hometown “disavows the price of its publicly quoted stock on the OTC Markets under the trading symbol ‘HWIN.’ Management is aware of no basis to support the Company’s stock price, based upon its revenue or assets.” I am not sure I have ever seen a company “disavow” its stock price before, but I suppose it makes sense. The filing accurately notes that “there has not been, nor is there, significant trading volume in the Company’s stock,” so it’s not like anyone is particularly getting ripped off by the deli’s weird stock price. It’s just a weird artifact. Still, probably best to disavow it. + + +This whole story is just top tier entertainment, also if you've missed some of the context see the separate comment with backstory. And I've said this a thousand times, if you're not getting Matt's daily newsletter than you're really missing out. +https://www.cnbc.com/2021/02/11/bny-mellon-to-offer-bitcoin-services-a-validation-of-crypto-from-a-key-bank-in-the-financial-system.html + +Bank of New York Mellon, the nation’s oldest bank, said Thursday that it will begin financing bitcoin and other digital currencies. + +The custody bank will eventually allow digital currencies to pass through the same financial network it currently uses for more traditional holdings like U.S. Treasury bonds and equities after months of analysis of its prototype digital asset framework. + +“BNY Mellon is proud to be the first global bank to announce plans to provide an integrated service for digital assets,” Roman Regelman, CEO of asset servicing and head of digital at BNY Mellon, said in a press release. + +“Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” he added. + +The BNY Mellon executive added that, pending product analysis and approvals, the bank should begin offering the services to its customers later this year. The Wall Street Journal first reported the bank’s cryptocurrency announcement. +I recently got divorced and am refinancing the house under my name with the same bank. I signed paperwork and sent my cashier's check off at the end of last month with the bank's mobile notary and he dropped it at the wrong carrier. They lost everything and the bank didn't notice for weeks. I "missed" a mortgage payment because they had instructed me at closing to skip this month's payment due to my new mortgage payment starting in November. + +I have to do another closing and the costs are almost double due to interest on the days the mortgage wasn't paid off. Luckily my local bank agreed to waive fees to stop and reissue the cashier's check, but I am livid that I'm out basically a mortgage payment in interest fees for something not my fault. + +Any hope in getting credited or reimbursed the interest fees? I have banked with them for over 20 years and feel like they should try to fix it. +There are so many plays to be made in tech companies that have fantastic balance and annual income sheets while their market caps are only a couple billion. For example there are 4 semiconductor small cap companies called Max Linear, Axcelis Technology, ACM Research, and Onto innovation that are growing at an incredible rate and are all profitable but never mentioned. + +If anyone has any other tech stocks that are currently in the small cap range but growing at a solid pace and profitable please share. +SOTA has confirmed that their sale will coincide with the NFT marketplace, this is looking like mid-July. [https://www.reddit.com/r/Superstonk/comments/vmtiqr/gamestopnft\_marketplace\_coming\_midjuly\_according/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vmtiqr/gamestopnft_marketplace_coming_midjuly_according/?utm_source=share&utm_medium=web2x&context=3) + +Edit: They now changed it to "SOON"... + +We have confirmation from GameStop that the set timeframe for the marketplace release will be by the end of Q2 (July 31st). + +&#x200B; + +https://preview.redd.it/fgjeyvnqrf891.png?width=3174&format=png&auto=webp&s=d6c8ce19f44a83e82373c58c080b04728f60616b + +*Tinfoil symbolic dates. Gobble em up.* + +Here is where you can verify the release date of the [GME Token](https://imgur.com/gallery/XoOHBEn) + +# Bastille Day: + +Commemorates the Storming of the Bastille on 14 July, unifying the French people and launched the French Revolution. + +What’s more, Bastille is a synonym for citadel. Wonder who’s going to be storming the Citadel this time... + +&#x200B; + +An interesting note regarding RC liking a tweet referencing the French Revolution. + +&#x200B; + +[https:\/\/twitter.com\/pwnwtfbbq\/status\/1541559690370330624?s=20&t=KMCqFkkCRMQaaQNbvy6g8g](https://preview.redd.it/askxzoe0sf891.jpg?width=828&format=pjpg&auto=webp&s=353f3f283675e3112c5f8149c309462a2e77954f) + +&#x200B; + +# Flag Day: NOPE + +Edit: Flag day is JUNE 14th. Ignore this part and take my embarrassed apology + +Flag Day, observed annually on June 14, celebrates the day in 1777 when the United States approved the design for its first flag. While its look has changed more than a few times over the years, the American flag has remained **a symbol of freedom and justice**. Jun 14, 2022 *(Time to set the symbolism back in place)* + +How many RC tweets are referencing flags? I’d throw in even the pirate flags in this tinfoil mess. + +&#x200B; + +https://preview.redd.it/mpq9mwuasf891.jpg?width=828&format=pjpg&auto=webp&s=841c36c09993b7feccf85f0004c1f9fa7b23317a + +[https://twitter.com/ryancohen/status/1385989779129503746?s=20&t=Mp5DqY\_IbiZF6t0o8PCt4w](https://twitter.com/ryancohen/status/1385989779129503746?s=20&t=Mp5DqY_IbiZF6t0o8PCt4w) + +&#x200B; + +[https:\/\/twitter.com\/ryancohen\/status\/1399526466770059268?s=20&t=QzVWNlguni-riU9E4owZGg](https://preview.redd.it/20vwjm9csf891.jpg?width=828&format=pjpg&auto=webp&s=3c0152a8e3aada517aa12bebb4b875a0c10e7c36) + +# World Chimp Day: + +This tinfoil is self explanatory + +&#x200B; + +https://preview.redd.it/qy0q48oitf891.png?width=692&format=png&auto=webp&s=7282eabc3264c3a49c211b466512b0bce5c387bf + +[WCD](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiM9KTOl9H4AhXaJUQIHfXQCGsQFnoECAkQAw&url=https%3A%2F%2Fwww.janegoodall.org.uk%2Fnews-and-events%2F117-world-chimpanzee-day&usg=AOvVaw1ixhNowu_PIt5s1839RDtZ) + +&#x200B; + +And to top off your tinfoiled tatas… + +# The Moon Landing: + +July 20th [https://www.nasa.gov](https://www.nasa.gov) + +&#x200B; + +https://preview.redd.it/9akc86nguf891.jpg?width=183&format=pjpg&auto=webp&s=f67ec21311b0e7d5fd7d0f6298d9ee2eb9374f33 + +&#x200B; + +# Oh, and also.....PANDIMONIUM DAY LOL + +We celebrate Pandemonium Day on July 14 — a celebration of bedlam and chaos. Often, our normal lives take a 180° turn for the worse with unpredictable disruption and chaos. + +[Pandimonium Day](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjG8NuimNH4AhWKD0QIHbA4BpEQFnoECA4QAw&url=https%3A%2F%2Fnationaltoday.com%2Fpandemonium-day%2F&usg=AOvVaw0iLOut951DqVD_aOvkYGv_) + +&#x200B; + +https://preview.redd.it/rgr6wqsmuf891.png?width=484&format=png&auto=webp&s=d238a93b37097fcb732b6278fab7ed9a4ecbbc1a + +&#x200B; + +All tinfoil speculation, so take it as it is. +Two of the popular advice are: + +1. Be patient during some losses and not sell position at the first sign of trouble. If you are an investor, hold it patiently for years. + +2. Don't be married to your position. If a stock is losing you money, exit it. + +These 2 seem a bit contradictory to me. Suppose I own some stock of a company for a long term, how do I know if I should be patient or get rid of my position? + +Update: + +One more follow-up question. As an average investor without even accounting background, I have no way to do thorough DD. If a stock falls tomorrow, I can give you a dozen reason on why it's a bad stock, but if the same stock goes up, I can give you many reasons why it's a good stock. How do I know if DD is correct. I think there is no way to know it for sure? +What I found somewhat remarkable last year was how much money kept pouring into crypto at a steady pace, despite the relative difficulty of getting into the game - I'm tech savvy and I found it all extremely overwhelming at first. Uploading your passport and getting approved on Coinbase, the low debit card limit, bank transfers, getting authenticated on exchanges... takes a lot for a normal person, honestly. + +Still, so many people did it. And even though many lost interest after losing all that money during early 2018, much more people are in position for the next bull run. By "in position" I'm talking high debit card limits on Coinbase, addresses and wallets everything set up ready for the first consistent period of good news. People will be careful at first... and then the FOMO will get them again, and we will have an extremely fast and spiky bull run. It will be quick this time, boys. +Basically what the title says, if banks create money through lending, then over time I am assuming they would have a lot of money that only exists on paper/electronically. + +Can they just show their records to a central bank, and have cash shipped over? + +Just seems unbelievable that this is possible. + +Anyone have any informative links? + +Thanks! +Basically what the title says, if banks create money through lending, then over time I am assuming they would have a lot of money that only exists on paper/electronically. + +Can they just show their records to a central bank, and have cash shipped over? + +Just seems unbelievable that this is possible. + +Anyone have any informative links? + +Thanks! +[http://www.vuru.co](http://www.vuru.co) + +Just stumbled on this via the chrome web app store and thought it was quite cool. It basically offers a system that takes the available financials on a publicly traded company and gives you a fundamental ananlysis. + +Pros: + +* Clean and simple interface +* On-screen explanations of metrics +* A comprehensive FAQ +* Free + +Cons: + +* Only covers 4 exchanges (NASDAQ,NYSE, AMEX, TSX) +* Only provides information on companies with 5+ years of financial records +* Does not take into account possible gaps in records for valuations given to stocks +* Only uses a limited amount of metrics for its valuation + +Has anybody had any experience with this? +The following link describes the SEC decision that's been pending for a while; + +http://www.bloomberg.com/news/articles/2016-06-17/iex-outduels-citadel-nyse-as-flash-boys-exchange-is-approved + +My question is; what is the appreciable difference once they gain exchange status? + +As a dark pool aren't they already subject to NBBO on any given execution? +I know that following the markets and reading articles daily will most likely help the most, but maybe if we compiled a list of helpful facts such as: Who is the Chairman of the Fed? Ben Bernanke. etc. All interviews are different, but basic financial questions that you shouldn't ever miss would be helpful. +A lot of the other finance related subreddits have wikis with commonly asked questions, general explanations on what they're about, and historically great posts. + +Is that something mods here would be interested in? It currently looks like the community can't add to the wiki openly. /u/-opportunity- /u/FiIQ /u/rockytoppy +The fire community has really strong recommendations on companies like Vanguard with VTSAX when it comes to investing, but I can’t seem to find the Vanguard of insurance. + +I’d like to find the most reputable insurance provider that folks in the fatfire category trust with their car, home, and umbrella policy that provides the essential coverage at fair rates. + +Do they use one or multiple carriers? Which ones. As a note, I haven’t been able to find a way into USAA (if that’s the preferred vendor). +#Thank you for all the ways you all have helped to share and advertise [WWW.DRSGME.ORG](https://DRSGME.ORG). Here are some great examples: + +[Billboards](https://www.reddit.com/r/Superstonk/comments/u8abke/dfw_billboards_for_drsgmeorg_beyond/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/TheTangoFox](https://www.reddit.com/u/TheTangoFox/) [Photos here](https://www.reddit.com/r/Superstonk/comments/tzz540/uthetangofox_put_billboards_back_on_the_menu_bois/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) and [here](https://www.reddit.com/r/Superstonk/comments/u34a08/saw_this_today_in_corinth_tx_cant_stop_wont_stop/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Internet/social media/sign](https://www.reddit.com/r/Superstonk/comments/uisxge/what_are_the_redditors_on_rsuperstonk_doing_now/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/BornLuckiest](https://www.reddit.com/u/BornLuckiest/) + +[Tik Tok](https://www.reddit.com/r/Superstonk/comments/umcram/how_to_hide_market_positions_ft_total_return_swaps/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/Life\_is\_good22](https://www.reddit.com/u/Life_is_good22/) + +[Stickers with template](https://www.reddit.com/r/Superstonk/comments/ues40y/here_they_are_spread_the_word_of_drs_with_these/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/Proof-Carob-2255](https://www.reddit.com/u/Proof-Carob-2255/) + +[Beautiful Flag](https://www.reddit.com/r/Superstonk/comments/uxree4/i_made_a_flag_to_advertise_drsgmeorg_bring_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by u/hisholynoodle. + +[Yard sign and business cards](https://www.reddit.com/r/Superstonk/comments/v0h0uq/yard_sign_and_1000_biz_cards_for_100/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +#Now we need your help to go viral!! WWW.DRSGME.ORG is NOW ready to extend and increase advertising: we want to reach and educate millions, not just thousands, about DRS. + +Our goal from the beginning was to **lock the float** by educating the masses outside of Reddit about DRS, thus exposing the corruption of Wall Street and likely launching MOASS. + +[My post](https://www.reddit.com/r/Superstonk/comments/uxpv8u/sharing_wwwdrsgmeorg_traffic_stats/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) from Thursday sharing website traffic stats. The site is absolutely working. We simply need more visitors and eyes on it to educate the world about DRS. Simply visiting the site directly or through a search engine will help our numbers. + +#Changing the world is what’s at stake! +Lock the float! + +🦍💕🦍 +Any website/service that allows trading of crypto but no deposits/withdrawals = immediate scam warning. Withdrawals have been promised (itsss coming) for 2 years in Robinhood but its not yet there. + +Today they stopped users (mostly retail) from trading GME and the price crashed from $500 to $300, but large institutions can still buy on their institutional brokers now at a much cheaper price. Robinhood has effectively manipulated the market by locking its customers out, and aiding the institutions who need to buy GME to cover their shorts. +As someone who’s economics is getting a bit hazy and who is a big VDHG fan like basically everyone else on this sub, I’ve read a fair few headlines over the years about the dangers of ETFs or how they might distort the market etc etc. + + +I understand a lot of that is pro-managed fund stuff, so they dislike ETFs for obvious reasons, but surely there are some effects on the market in the trend towards Vanguard et al and how much money is being poured into passive indexes via super and stuff. I’ve seen data in the past about how significant passive investing has become. + + +Does this inflate the top 200/500 companies in the market and distort the value of mid cap stocks? Does it lead to some sort of “market inertia”/inefficiency that might not be there with more money being actively invested? I’m curious, there’s gotta be some significant effects with all this money being poured in. +Seriously, I'm an idiot. (Hence the throwaway. I'm severely embarrassed.) 2004 was the last time I did a tax return. I never got around to doing one in 2005 and, frankly, haven't lodged a return since. Before you ask: I don't exactly know why, I think it has been one of those things that gets harder and harder each time and I swept it under the carpet. I've been in a stable, well-paying job the whole time, pay my taxes every month, and even after all this time I haven't heard from the ATO. But now it just feels like it's gone on too long and I need to address this for once and for all. I'm obviously going to see a tax accountant to sort this out, but I thought I'd see if there are thoughts/suggestions/insults from the esteemed /AusFinance community before I do my walk of shame in to H&R Block? +Hi all, + +My probation (3 months) is about to end soon and I'm planning to have a meeting with them to review my salary (this was discussed when I agreed to their offer). + +I am a 3 years experienced accountant (graduated last September) and my current firm is a public accounting firm in Sydney CBD paying me 50k + super. Before taking this role, I was offered at another firm for 55k + super but I declined the offer because the role was too niche for me and this current position is closer to my house. Yes I know I should have negotiated this firm to match that 55k but I was desperate because at that time, I just lost my job due to COVID-19. + +Now to prepare for this pay review meeting, I took a look at the old job ads from my current firm that I applied for before and their salary range was 55k (dumb mistake from me again - should have looked closer into this part when I accepted the offer) so I think the chance of me getting a 5k pump is *possible.* However, I want another 5k on top of that because one of their clients required one person from our office to travel to their office 3 days per week to take care of their accounts (and that's me!!). This client is quiet large (20m+ turnover) and I am their head accountant now plus the travelling is quiet far which ruined my initial pros/cons list when I was choosing between the two offers (around 1 hours travelling time). This was not mentioned in the job description so I think I am doing more than what they looked for initially and I know they are billing this client a large fee for me having to go there 3 days so I *think* they will have a budget for this. + +What are you guys thoughts? Is it possible for me to get this 10k rise? Moreover, I will bring in benchmark/industry rates (usually 45-50k for undergrad and 60-70k+ for experienced grads) to support my pitch of course but if you have any advice, please feel free to comment below :) + +&#x200B; + +Thank you and have a good week! +Hi All, + +I'm gonna play a hypothetical scenario on renting vs buying a home and just wanting to get some input on the theory. + +We'll assume the property is purchased to live in for the next 25 years or the entirety of the mortgage with a fix rate of 3.97% (avg. interest rate over the past 25 years) with a 20% deposit and no additional repayment. Current property I live in would be around 650k. + +650-20% = 520k mortgage, + +Total repayment = $624 per week plus additional cost + +Total payment of the overall loan is $811,672. + +Now lets focus on rent of such property which would cost $450 per week and again because the landlord love you so much, they allowed you stay in the property without rental price increase for the next 25 years. Now here's where things can get interesting, one should focus on living as if they have purchased the property and invest in the differences between the rental cost and mortgage cost. So in this instance: + +$624 mortgage - $450 rent = $174 should be invested + +That 20% deposit which equals to 130k + weekly investment of $174 with an avg. return of 8% for the next 25 years should put that account 1.6 million. (Heck even with 6% return, that will still be $1.1 mill). + +While you have paid of the property, its not an income generating assets yet until you decide sell or rent it out, however the investment account can pay a conservative dividends of 5% annual of 50 - 80k. + +Now I know this is all theory and doesn't have practical use considering people's circumstances changes, government rules and law changes etc. But if you are renting a property, why not attempt to figure out the difference between what the mortgage repayment will be and invest that differences? Wouldn't that have a positive impact in the future incase you may not want to get into the property market? + +Let me know what people think? And what sort of restriction will come into effect to prevent someone from attempting to invest those differences. +25f full time WFH in the tech industry. I am aiming to be on 80k per year and am on 75k currently. I’ve only been in this role 6 months but the scope of my responsibilities is quite large / multi faceted. + +Is it “rude” to ask for a pay rise when I have my next review? I know other tech companies are paying a lot more for similar roles. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +My background is in finance and trading and I am very interested in ETH. However, now that the DAO is gone I am not quite sure what to invest in. What are current options for investments in ETH? + + +I am especially interested in whether or not there are any fixed income products available in ETH, like any companies that issue ETH denominated bonds? +Out of all the pairings to kick off with they choose DAO and LISK! wtf. Are they trying to encourage me to give up my ETH for Lisk. Is this a joke or what? +For example let’s say that BAT (or something else) becomes wildly popular, can it’s network value be worth more or are there any explicit or implicit reasons why the first layer needs to be worth more than any higher order layer in order to maintain security? + +Im wondering if there are any indicators like ethereum network value / erc20 network value that can be used for moving between ether and a basket of tokens when the ratio skews one way or the other. +Forget everything except; potential revenue, cost to develop, ability to automate. + +-Crypto currency & asset exchange: +Doesn't have to be fancy and decentralised, we can do that later. A quorum cold wallet should be enough. Start with generating revenue, improve it it later on. All software, all automated. + +-Online pharmacy: +The whole world isn't the USA and the dao can't be prosecuted. Launch an online pharmacy market. Take a percentage of every transaction. All software, all automated. + +-Online casino: +As above, just make one that is functional and automated. We can afford to spend on marketing to make it pay for itself. All software, all automated + +-Lotto: +As above, safe profits. All software, all automated + +-anonymous bounty exchange. +I'll Put a reward out for whoever can secretly remove that pesky tree keeping your property value down. Tree is removed, guerrilla gardener gets paid. Dao gets paid. Council is outraged but can't do shit. + +Repeat forever. Just fast simple software stuff. Preferably with transaction we can take a percentage off. + +We should look around on the Internet, see what is profitable, then take it. + +All software, all automated. Safe returns. Fast. + +This will allow us to work on greater, more grander projects as well, without losing morale or momentum. + +Like space mining. + + + +I feel like most day traders are trading stocks. Is there a benefit? I've been daytrading futures and can't find a reason to go to stocks. Less tax plus no wash sales rule and not needing 25k to daytrade. What am I missing? Why do people prefer stocks? +As always, you can read this on my [blog](http://stockmarketnoob.com/2017/10/27/step-3-of-10-what-is-their-competitive-advantage-who-are-their-competitors/), or read it on Reddit. + +**Step 3 of 10: What is their Competitive Advantage & Who are their Competitors?** + +Sometimes the company's competitive advantages are explained in the 10-K report, but sometimes we have to make common sense judgment on what their competitive advantages are and why that is. This is because if the company lose their competitive advantage, their price will go down in the long term. + +Competitive advantages are very important because that is our moat around our castle. When competitors try to come invade our castle and if our moat is very weak, invaders can easily take over our castle and steal everything. We want a very deep and wide moat with lots of piranhas, explosives, and other protective gear because we don’t want our castle to be invaded. + +If the company’s moat is very strong, they can keep making their high margins. We should be able to see if the company’s competitive advantage has been hurt when we see a hit on their margins. + +Competitive advantages are different in every industry, so we have to do some digging within that industry to find out what the moat is in that specific industry. For a commodity such as oil, having the lowest price is their competitive advantage because it does not matter where you pump your gas from since gas is gas. Let's look at an example we might see every day. If we are at a Valero gas station and if there an Exxon across the street, and the Exxon is $0.20 cheaper than Valero, we are going to fuel up at the Exxon! + +**Let’s look at some of Apple's competitive advantages (NYSE: AAPL).** + +In my opinion, these are Apple’s competitive advantages: + +**Premium Brand** + +Apple has a premium brand so they can charge more than most phone makers. Also, there are a lot of passionate fanboys who are brand loyal and will wait hours outside when Apple releases a new phone! Do people do this for Android? For Samsung? Nope. + +**Switching Cost / Network Effect** + +It is very hard for Apple users to switch to an android device because they have all their information on an iPhone. It is actually getting easier for people to switch, however, it is still pretty hard for iPhone users to switch. As more and more Apple users come onto the system more and more people will develop games and apps on their Appstore. + +**Ease of Use** + +This is debatable, however, that is why this section is qualitative! Apple's interface seems more intuitive than an Android device. + +**Customer Service** + +I would say Apple has one of the best in-store and online customer service. When I go to an apple store, an Apple representative is always there and waiting to answer any questions that I might have. They are always checking up on me and even the consumer checkout process is easy! No waiting in-line! + +**Now let’s think about who competes with Apple.** Google makes phones however 90%+ of Google's revenue comes from ads, Microsoft kind of makes phones but not really haha. There are other phone makers such as Xiaomi, LG, Samsung, etc.. Competition is fierce in this industry. + +Remember what I said about margins? When margins shrink, it is a sign of decreasing pricing power which means that the company is losing some their competitive advantage. We won't be looking at numbers in depth in this section, but let's take a quick look at Apple's Operating Margins. + +In 2008, Apple had an operating margin of 22% and in 2012, Apple had an operating margin of 35%. +In 2014, Apple had an operating margin of 29% and in 2016, Apple had an operating margin of 27%. + +Until 2012, other phone makers were playing catch up. In 2013 - 2014, Apple's competitors have caught up which decreased Apple's margins a bit. + +**TL; DR** + +- Figure out what the company’s competitive advantage is. +- Figure out how strong the company’s competitive advantage is. +- Find who the competitors are. +This drop in price sucks for everyone who bought Bitcoin at a higher price than it is currently trading for, that is obvious, but why don't you instead ask yourself how it came to this? + +There has been virtually nothing but positive news for 1 year now, minus the non-stop false reports of China banning Bitcoin which always lead to panics, the fundamentals check out. So why the crash? Human psychology, and you are partaking in it. + +There are all these idiotic posts floating around right now about why this is happening and non-stop conspiracy theories. Desperate people trying to rationalize to their short-term-profit-seeking minds why... + +Instead step back to the times before the all time high, what was it that caused Bitcoins ridiculous rise in price? It was the enthusiasm of Bitcoiners, an enthusiasm that has since been drowned by pathetic speculators whose sole interest in crypto is tied to the girth of their wallets. So everytime the price starts falling, these people call for armageddon and feel the very primal feeling of frustration, frustration that they couldn't just buy something they didn't truly believe in and become rich. + +Fuck these people, they don't matter. Does this mean that Bitcoin by itself is guaranteed to see the 4 digits numbers (1000>) again? No. But what is certain is the fact that Bitcoin works, Bitcoin is being adopted by more and more people, a ton of venture capital has been put into it and we will start to see the true 'second phase' of crypto in the coming months. All those applications and services that investors have put hundreds of millions of dollars into will launch soon, providing Bitcoin with the usability that is needed for it to make a true impact on the world. + +So what can YOU do to stop this 'nightmare' ? Just stop panicking. Yes I know it's hard, it's human nature to be loss averse, but nothing negative has really happened other than a negative shift in attitude by greedy people. I hold hundreds of Bitcoin and know very well the feeling of seeing thousands of dollars worth seemingly "evaporate", but the reality is that these bitcoins still hold the same functionality with added functionality on the horizon, that's why I bought them. + +Get your enthusiasm for Bitcoins functionality back. Start evangelizing again, not in a "BUY BITCOIN" kind of way, but in the same way that lead to Bitcoins growth in the first place. Get back to why you think crypto is so exciting, promising and NEEDED for the world +My fiancé received a direct deposit that wasn’t his, he knew because he hadn’t worked that many hours. He contacted the staffing agency about it and they told him it was an error and to return the money in cash or Zelle it to an employee. His concern is the fact that it’s going to show up on his taxes, as they are asking for literal cash or Zelle to a private person. He’s escalated the issue to the branch manager who is telling him the same thing. He doesn’t intend to keep or spend the money, he just doesn’t want it to affect his taxes and giving cash/Zelle to an individual at the branch seems like a shady way of handling such an epic mistake. What do we do? + +Edit: it wasn’t just an incorrect deposit, they actually created a paystub saying he worked the hours they paid him for. +To break this down for everyone who is worried or wants to know what to expect AMC in the coming week: + +AMC current status (30JAN2021) : +AMC has 44.6 million shorted shares and a grand total of 52 million shares. That means 86% of shares are shorted (by hedge funds) and 14% are being longed (all of us) + +Now what everyone is waiting for is when shorted shares expire and they (hedge funds) have to cover what they bet on. Keep in mind not EVERY share will expire on Monday. So we MUST hold beyond that. + +Today’s target (1/29) was to beat $8.63 (what hedge funds were betting it would be come Monday) and we did that closing at $13.29! AWESOME. This short will expire in 0.5 trading days (Monday) + +So Monday when they’re forced to cover ($8.63) they will have to buy it at its current price to cover their bet. Raising the price up even higher. + +But this isn’t even the best part. All of their other shorts are SIGNIFICANTLY lower. There are 9 different short stocks between $1.98-$5.96. Some of those shorts are 1.9 days away (Tue) 2.5 days (wed) 3.2 days (Thur) so the longer you hold, the higher the price gets and the more they have to cover. + +Over the next few trading days it is going to be a vIolent squeeze. We are at the starting line of what GME did. Hold your ground. Gains Monday are inevitable. But the gains on Tuesday-Thursday will be much higher. + +Short squeezes are historic: and to give you an example Volkswagen had a 46% short at $6 share price which squeezed to $110 a share back in 2008. AMC is at 84% short at $13 The percentage is significantly higher and there’s a lot more room to grow. On the high end we’re talking the possibility of hitting $150-200 a share if everyone is smart and holding until Thursday + +My recommendation: +1. HOLD +2. Buy more on Monday if you can afford it because it’s going to violently rise +3. Enjoy the ride until AT LEAST Thursday evening when all the shorts expire and the price is at it’s highest. +There is a large amount of community concern with the legitimacy of Tether and the connection to Bitfinex. Most people have suggested launching investigations into the two, but lets be real, we are an unregulated community, so no authority is going to investigate in the near future. + +The Solution: + +The community as a whole has to demand that Tether and Bitfinex prove Solvency of both the exchange and the coin. We need to refuse to transact in USDT and refuse to transact on Bitfinex. What this means is take all of your trading to another exchange, and get rid of all of your Tether (I understand that in order to get rid of Tether someone else has to buy it, but I would recommend not being the one buying/holding it). + +If we want this company to prove legitimacy and solvency we must STOP USING THEIR PRODUCTS. The crypto community has enough troubles between Bitconnect/Scam ICOs/the Public Media with proving the legitimacy of crypto that we don't need true fraud occurring on one of our biggest exchanges. Yes if we prove that Tether/Bitfinex have been printing USDT without USD backing it will hurt the community in the short term, but it will ultimately prevent a bigger disaster in the future. And if they are able to prove solvency/legitmacy it will reduce skepticism, which we all know, we don't need any more of that. +As everyone knows, the last crash begun almost one year ago. Now, as we've seen all time-highs, followed by a week of red, there have been lots of talk about another crash (correction) happening sooner than later. + +What's fascinating about the last crash is that **the S&P took** ***only*** **4 months to recover**. If you had followed the "boring" couch potato model (VRGO) prior to the crash and held through, you came out on top by December. + +I'd like to hear what your experience was during the last crash, what you did right, what you did wrong. Also, how are you preparing for the "next one"? + +My biggest mistake was not holding on to the stocks I had originally bought in March. Also, not being invested in the US market was another mistake. My best performing stocks were banks and insurance companies (which I bought, held, and paid no attention to). + +&#x200B; +Looking past the short term of this crisis, most likely we can all agree that the markets will recover in a couple of years. However, after that there is the question of inflation and if it poses a risk to the economy. Normally, when the printing presses go 'brrrrrr' at a central bank, a country will experience some inflation as the increased money supply chases resources in the economy. But, it's hard to see that happening, especially to commodities like oil. Given that the world is awash in cheap oil and the demand destruction the market is experiencing, I can't imagine the price of oil spiking too hard. + +Actually, as a Canadian, I don't recall the last crisis causing serious inflation. Nor do I recall the deficit causing war in Iraq triggering any major inflation either. An I just misremembering things? Should investors be concerned about inflation? And if so, how to prepare for it? +Given the wild surge in home values, we've built up close to $500K in home equity. Looking to use ~200K for long-term retirement investments (currently 28). Any tips for someone getting into this? Likely going to use a robo advisor through wealth simple, aggressive stock portfolio. Any bank recommendations for the HELOC? Leaning towards Meridian, prime +.5% (2.95%). Current standard mortgage is with Meridian already. +Hello, + +I have maxed out both my TFSA and RRSP. I would like to start investing in a taxable account. I am hesitating between e-series and an all-in-one etf( one-fund ETF portfolios ) like XEQT/VEQT etc.. + +What do you think will be the best one-fund ETF portfolio that you would recommend. I want to minimise to the minimum my acb tracking :) + +How many would still recommend buying etf in a taxable account instead of e-series? +Hi everyone, just a quick question as I was questioning my strategy due to the "new" no fee brokerage in Canada. I always used VEQT/XEQT, in my RRSP to optimize fees. With the annonce of no fee transactions of some major banks in Canada, I am wondering how much would you save by switching money with Norbert Gambit (0$ fees) into my RRSP USD account and buying something like VT. I assume I would save on fees (0.2% vs 0.08%) but is it right to assume I would also save on dividend withholding tax (15 %) therefore another (approx. 0.2%) ? +I am well aware that the holdings in VEQT vs VT are not the same as there is little Canadian equity in the VT, but the no fee transaction brings this possibility of small contribution over time using Norbert Gambit which was not the case before. +Most Oil stocks have already had some pretty big gains on the year. It feels like we could have a lot more left to run. It's been a long time coming. + +Any hidden gems you guys are holding? BTE and TGL have been doing pretty well for me. +Looking for some recommendations on which energy companies to invest in (obviously I'll do my own DD, just curious what others are investing in). + +With inflation concerns, current gas prices, and a harsh winter forecasted ahead of us, I want to increase my allocation in energy companies. + +I already have some exposure to oil through USO, but looking for some Canadian companies to look into (eyeing ENB.TO right now). + +Thanks :) +I am wondering why option trading commissions are so expensive with Canadian brokerages compared to American brokerages? Even when accounting for currency conversions and exchange rates between Canada and the US, Canadian brokerage option commissions are much higher. + +&#x200B; + +Trading options in Canada has a rough a base fee of $10 + $1.25/contract CAD while in the US, trading options has a rough base fee $5 + $0.5/contract USD (this is for the standard American brokerages and I am not including Tastyworks, Robinhood, etc. where commissions are discounted or non existent). As well, a number of American brokerages provide either free or highly discounted market data streams too. + +&#x200B; + +Is this due to a lack of competition between Canadian brokerages, differences in regulations between the countries or something else? Do you think it is likely Canadian option commissions will be reduced in the future? +In the last month Royal Bank and BNS down 10%, TD down 8%. + +Anyone adding more or starting new positions at these prices? + +I have a position in TD but was thinking of adding BNS +Hello, I was wondering how fellow members keep track of their investments: I have multiple accounts at multiple institutions, most of them self-directed (2 exceptions), some TFSA, some RRSP, some cash, most in USD, but a few in CAD. I manage accounts in my name and my wife's name. + +So I keep track of all my investments (mostly US equities) in a sophisticated spreadsheet that I built a few years back, with automated stock quotes, currency conversion, gain/loss reporting, yearly CAGR/XIRR calculations, etc. + +I am now thinking of writing a web app that will simplify inputting transactions, tailored to my situation (but I guess I can abstract it to be used by others in the future), but I was wondering what are other tools/apps that exist and in use by people in this community. +Hi CIs, + +&#x200B; + +Another update as I need some advice on how to escalate this matter. Some users mentioned to contact my Ombudsman in Ontario. When I called them, they said they do not oversee these type of matters and to follow up with the Sun Life's Ombudsman but I can't do that until their Senior Case Manager looks into the matter. I just got off the phone with the Senior Case Manager and he said that it's more of a mailing issue than Sun Life's problem although I explained to him that Sun Life kept delaying before the cheque was reissued. When the cheque was reissued, it still hasn't been received to Questrade and they are going to reissue it AGAIN but by courier this time. He said that I should be thankful that I'm not being charged for the courier. WTF. Seriously, if you know the cheque isn't being sent properly to Questrade, why are you going to continue reissuing it the same way? I said I wanted compensation for the delay since my investments would have gotten up by $1200 by now and he said he can try but he doubts I will get the reimbursement because it's not their fault. + +I have also contacted Financial Services Commission of Ontario, they were also not sure what to do with my complaint. They said send an email to them, which I did and I have not heard back from them. + +So what now, what can I do, I still don't have my money or reimbursement for my investment income. The Case Resolution Manager that I spoke to on Thursday said she was going to contact me with confirmation when the cheque will be reissued by courier and I haven't heard back from her. +This is all speculation and not financial advice, read at your own risk. + +Hedgefunds used the AH to short the stock HARD, making every APE scared that we lost our run, even manipulating the MSM. BUT let's look at the numbers brainlets. + +From last week we had a short interest of 51% which has increased to 103 % now - meaning they can't even close their positions if they all tried! + +&#x200B; + +[Short &#37; of Float](https://preview.redd.it/cy53087a8li91.png?width=960&format=png&auto=webp&s=143fe774f18dd47037b2c7abc0533cb86f1c67c3) + +This is huge and we are only negative -0,3% since last week - Do i need to remind you all, how many posts we had if buying @ 10 @ 12 @ 14 was too late? Saddle up fuckers Cause this time you will be fucked twice over and your wife included! + +Lets not forget that that gamestop also lost 50% of it's value right before the huge gains were to be had! + +&#x200B; + +[The red circle indicatedswhere we are now ,right at the bottom of the 50&#37; loss.](https://preview.redd.it/unwlbbqn1li91.png?width=1530&format=png&auto=webp&s=6f593ced21439445c7dbdba96fe1b64acfd7fab0) + +You've read it 100 times already, but let me double down on this: RC did sell out, he sold out Tuesday & Wednesday and yet we still managed to climb from opening $16 tuesday to $23 wednesday closing. RC did not have an affect on us! We GAINED value as he was dumping his shares. We did not need him like MSM is making it sound like AND we have ALREADY proved that we didn't this wednesday! + +THIS my fellow regards is NOT a war, this is a free for all! No one is covering your back. + +My predictions is that other hedgefuns has seen this massive spike in the short interest too, and this time Hedgefunds will be fighting hedgefunds - so buckle up for a ride, cause it is about to get crazy! + +I fully expect Billboards, planes, banners, etc. to blow this up, funded by competing hedgefunds like the GME days! a small fee to blow this shit up and make a HUGE gains on their investments. + +Every person with a short position should be afraid right now - The price will go up and down for a short while, while they all try to loosen their short positions, this is very costly with the current borrow rate of +50% while also keeping the price low, to prevent our momentum! BUT they will have to rebalance their positions since! This may take a few days to truly show, but Reg sho will force them to! + +But what is Reg Sho you may ask?: + +&#x200B; + +[Quote from investopedia](https://preview.redd.it/jn0fz19k3li91.png?width=619&format=png&auto=webp&s=d92121014df51386c781e5c6a1186700dc87ad39) + +I want to add the latest statement from BBBY as of August 17th: + +&#x200B; + +[Quote from Webull \/ reuters](https://preview.redd.it/q0xlzcp94li91.png?width=878&format=png&auto=webp&s=6839bbad291d7817a7c72ae18fa9f38a7a01654b) + +I see this as more cash is comming in through loans and perhaps new investors (maybe a buyback from RC). + +They clearly state their interest in maximizing shareholders value, hence i doubt the shares will be diluted! + +I may be the biggest regarded ape on this planet, but the only ones getting fucked right now is shorts and paperhands that wasn't busy fucking wives, drinking beer and laughing at their silly attempt to manipulate us. You listened to Cramer paniced at the fattest red crayon you've ever seen as a WSB rookie. + +We ain't called BETS for no reason, the case is crystal clear to my smooth level headed monkey brain. + +I'm holding my 600 shares with diamond hands, the fattest nutsacks and Tendies from everyone who gave me a discount today! + +The case has never been better than today! i will buy more at the end of tomorrow 🚀🚀🚀 + +&#x200B; + +You do the math. + +Hold tight fellow apes, we just started the ascension! + +TL:DR You got fucked, now you're gonna get fucked again, cause you didn't read the post. + +&#x200B; + +Edit: They shorted it in the after hours so their low volume could push it far enough down to scare the regards. you saw their attempt at doing the same trick with the RC announcement and it barely bulged - this is their double down. HODL for sweet ass tendies + +Edit 2: I wanna share that this post has a 95% upvote rate right now. This shows that we STILL STAND together - if i was talking BS i would been fucked from behind by my fellow regards. + +https://preview.redd.it/mnv0ajfivmi91.png?width=720&format=png&auto=webp&s=361dd87998025230f5f8af9b6d95e1633ad243ea +Hey fellow degenerates. I’ve been seeing some reports that 100s of millions of GME haven’t been covered yet. The Melvin Capital guy just (“under oath”) stated that prior to buying restrictions placed on GME by brokers, they had exited all their positions. However, I wasn’t convinced with that because the price kept going up for a bit (someone correct me if I’m wrong please). While seeing a lot of positive DD about this whole situation is good, you have to admit that it’s a little worrying when there’s not even a bear DD on this case. + +I’ve seen some due diligence on here and as good as been good and reassuring to read, I’m someone who likes to be realistic with everything including what’s happening with GME. I would like to do my own due diligence and find out what’s happening through my own research and have decided to start here by getting the perspective of those who have done their own DD. + +PS: Question to those who are up to date with the GME numbers: Say if it’s true that Melvin exited all their positions, can it be argued that these $350 million of uncovered worth of shares were placed when GME hit $450+ highs and that these positions will then be covered when shorts have driven the share price to a low price (this would make sense because buying of GME was restricted) . If true that would mean those who are still holding are just bag holders right? + +Edit: meant to say $350 million worth of shares on 350 million shares. +I am not sure if I am the only one but recently I came to the conclusion that reading any type of market news, expert analyses and opinions is completely useless and does not and can not inform decisions in any meaningful way. + +Here is a distilled outline of pretty much every expert analysis I have read in the past month: + +- 40% analysis of past events - brought to us by the power of hindsight +- 40% analysis of the current situation - by current I mean very recent past, also brought to us by the power of hindsight +- 20% the "prediction" part - this is supposed to be the point - for them to give us useful and actionable information on the future developments + +Now the problem with the prediction part and why I put it in quotes is that when you parse all the jargon and verbiage - this is more difficult with the "better" experts - they can talk a lot and talk well. But what you get once you distill it all is this: + +> if [condition] then [something happens] + +where the condition is something you cannot predict. So in principle, their "prediction" comes down to "if prices go up then they go up". One example for all: + +> "... <verbiage> in case Russia invades Ukraine, <jargon> we can expect a more risk averse approach and therefore further drop in prices, <more verbiage and jargon>" + +However, since there is no way to predict whether the invasion will happen, this prediction is totally empty of any useful information. It is equivalent to saying "in case prices drop they drop", because of course once the information is out that the invasion happened, the market will react much faster than we can act on it. + +Do you also have similar experience with reading expert analyses/predictions/opinions? Do you even feel like it makes sense to listen to them? How do you use them? +There are a lot of mortgage threads in r/personalfinance. One thing I haven’t seen mentioned lately is that there is an avenue to get a house with ideal terms: $0 PMI, 0&#37; down, $0 closing costs, and a rate below what you would get with a 850 FICO from a conventional bank. There is a nonprofit organization called the Neighborhood Assistance Corporation of America (NACA, [www.naca.com](http://www.naca.com/)) that does this. You can put down more than 0&#37; down if you want – it isn’t required, but given how some people here are debt averse I thought I’d point that out. The mortgage will still have better terms than you could get from any bank. + +**What is the catch?** + +A few things to be aware of: + +1. You will be subject to underwriting standards far more rigorous than any conventional mortgage. The \*initial\* qualification process will take 2\-3 months, maybe more. NACA doesn’t want to lend to anyone who gets into a house they can’t afford. After you are NACA qualified, it takes them the normal \~30 days to close in most cases. But for the initial approval, be prepared for the financial equivalent of a colonoscopy. + +2. You cannot get a NACA mortgage for a investment property, and technically you aren't supposed to later rent the property (it should be your primary residence \- but they have no way of checking this). There is an exception for multiple unit properties. As long as you live in one of the units, you can use NACA for a multiple unit property. + +3. You cannot get a HELOC on the property later, NACA considers them predatory (you could refinance to get a HELOC later if you wanted to). However, NACA will lend for re\-models or "wish list" items (marble countertops, etc. \- things you normally use a HELOC for) up front. + +4. If you are in a "hot market," you should be aware that many seller's agent's don't like dealing with NACA (because NACA has more stringent requirements than traditional banks). That is why you don't mention NACA to whoever you are buying a house from until after your offer is accepted. You include in your offer a pre\-approval from a traditional bank. Once your offer is accepted, go with NACA \- you can't be stopped from using whatever financing you want. + +Even given the catches \- given the terms \- I think its 100&#37; worth it. + +**No really, there has to be other catches \- those aren't bad. What is it? How do they make mone**y? + +Really, there isn’t. You just have to jump through their underwriting hoops. NACA is a nonprofit. They don’t make any money from this, which is why they don’t advertise it. The mortgages they underwrite are funded/serviced by either Bank of America or Citibank. + +**I thought programs like this were means tested (e.g. must below $X income)?** + +This is not a program which is means tested. You could be a millionaire and get a mortgage through NACA. People who are higher incomes are “non\-targeted members” who are subject to [purchase price caps](https://www.nacalynx.com/nacaweb/purchase/maxPrice.aspx?language&menu=none), but the caps are very high unless you live in NYC or another ultra\-high cost of living metro. For example, in my medium cost of living area the purchase price cap is $400,000 and you can get a mansion for that price. + +**Is this one of those first\-time buyer mortgage programs?** + +Nope! You could be on your 3rd mortgage, it doesn't matter. As long as you are selling one house and moving into another one that is your primary residence, you qualify. + +**What about new construction or refinancing my existing loan?** + +New construction qualifies, as long as it is your primary residence and you own no investment properties. NACA has a refinancing program, but it is less fantastic than their purchase program. +E-Toro listened to us back then because of the pressure we bestowed upon them that we want to vote our shares. Why shouldn't we try our luck again and do the same with DRS? Continuously asking them that we want to DRS our shares opens a possibility that they will let us. As long as we don't ask for it nothing will change, and the more of us ask, the bigger the topic gets for them. +Small PSA — but hey, hindsight is 20/20! + +I was with my last employer for just shy of a decade. I never looked in to the workplace pension, beyond understanding what I needed to put in to get my employer’s contribution. + +I had been a member of this sub for a while so after I left that role last year, I thought I’d “get round” to seeing if my workplace pension was any good. + +In the meantime, I had set up a SIPP with Vanguard, like 99% of the sub. Finally, this weekend, I looked in to my old workplace pension and holy shit I missed out. + +Former workplace pension: https://www.trustnet.com/factsheets/p/lm81/av-blackrock-5050-global-equity-index-tracker-fp-pn + +Current SIPP: https://www.trustnet.com/factsheets/o/ngly/vanguard-ftse-global-all-cap-index-a-acc-gbp + +(“Past performance doesn’t indicate future success” disclaimer) + +I’m short, I missed out on literally thousands by saying I’d “get round” to sorting out my workplace pension. + +If you invest in anything this week, invest the time in to understanding your existing pensions! + +Check your fees, performance, risk appetite and distribution. See if your provider offers funds that align with your wants and needs (costs, ethics, interests) — or maybe even consider consolidating. + +I’ve opted to do the latter, moving away from the 50:50 UK:Int’l weighting of my old workplace pension in favour of my SIPP and the Global All Cap. + +TL:DR; get your house in order before you build the extension. +Kind of inspired by a post the other day where someone was bored without spending money and people were saying what their inexpensive hobbies are in the comments. + +&#x200B; + +Being bored while saving money hasn't ever been a problem for me, my hobbies are drawing and exercise (yoga and swimming). I do yoga at home and go to the occasional class so that costs about £8 every 10 days. Drawing actually makes me decent money because I sell prints and cards online. I'm considering spending upwards of £3000 to do a yoga training course but it seems like a lot and I'm not about to drop my career to be a yoga teacher. + +&#x200B; + +From speaking to my friends, some of them spend similar to me and some of them spend loads on mountain climbing and stuff, so I thought it would be interesting to discuss how much different hobbies cost and how you decide if the cost is worth it or not. +If you have Amex card, login and see under Offers if this this is available to you and just enroll with a single click. + +[AMEX Website](https://www.americanexpress.com/us/small-business/shop-small/?extlink=CH=ps-CU=us-BU=GABM-skw=US-EN_GABM_GGL_Shop+Small_SB_Shop+Small+Only_E_STANDARD-SS+General_SS+Only-p55300771014-TST=ShopSmall2Search-EEP_URL=g_psea&cpid=g_psea&gclsrc=aw.ds&&gclid=EAIaIQobChMIi5HcmJDY6gIVDdbACh1K3w3EEAAYASAAEgL8IvD_BwE) +Hi everyone, + +Today I want to talk about $[SUPERBID](https://www.superbid.io/) + +I first stumbled across $SUPERBID when it was trading around $.40 a coin. I am fairly careful with the tokens I invest in as there are many shady projects that exist (especially in this subreddit honestly). Let me tell you why I am so bullish on the stability, value, and future potential of $SUPERBID and why it is the 3rd largest crypto bag that I hold currently: + +* **Unique Value Proposition**: Many of the new tokens you see released are meme tokens or tokens with no unique value (i.e. someone spun up a website and told everyone their coin is going to the moon). $SUPERBID is extremely unique and has the global potential to be massive! The $SUPERBID app will allow people to bid on time with influencers and virtual and physical goods using the $SUPERBID token +* **Rock Solid Team:** Their company, VentureDevs, develops tech and build teams for global companies, including Silicon Valley unicorns such as [Fair.com](https://Fair.com), and startups like [Music.com](https://Music.com). Additionally, Wojciech Sobczuk (one of the SuperBid's founders, CTO), is a well-known tech star in Poland for building a social media platform that was launched in February 2004 and was a huge success at this time, sold to Intel Capital. He is also a member of the Forbes Technology Council. +* **Protection of HODLers:** The team and founders are very careful with the stability of the price. Any newly unlocked coins are not immediately dumped into the ecosystem. The coin has been steadily trading sideways for 3 weeks (a great sign of stability). +* **Staking**: The $SUPERBID team launched staking about 2 weeks ago at 200% APY (plus another 200% Uniswap Liquidity staking, another 30% which is a bonus yet to be announced). +* **Active Marketing and Community:** I have never seen a Telegram group so active with a token’s team and its community. The $SUPERBID community has rallied around the team and the idea in an amazing way; the group is positive and everyone is willing to help. +* **Steady Growth:** Since I started investing in $SUPERBID the token price and the amount of unique wallet holders has continued to steadily grow. There has not been a single major sell-off and the community is heavily bullish on the project. + +As always do your own research, however, when looking for “the next big thing” I would recommend targeting projects with a great team and unique value versus a yolo memecoin. The crypto market was never meant to be a meme market, but rather an ecosystem that would provide actual value and improvement in the world. + +Official page: [https://www.superbid.io](https://www.superbid.io) + +Twitter: [https://twitter.com/superbid\_io](https://twitter.com/superbid_io) + +Telegram: [https://t.me/superbid\_chat](https://t.me/superbid_chat) + +Discord: [https://discord.gg/NpugCSn5Pc](https://discord.gg/NpugCSn5Pc) + +Uniswap: [https://app.uniswap.org/#/swap?outputCurrency=0x0563DCe613D559a47877fFD1593549fb9d3510D6](https://app.uniswap.org/#/swap?outputCurrency=0x0563DCe613D559a47877fFD1593549fb9d3510D6) + +Dextools: [SUPERBID $6.8554932 - Pair Explorer - DEXTools](https://www.dextools.io/app/uniswap/pair-explorer/0x0d9c6511980f80e477a774156492f5c133d2c0f3) + +CEX: [https://whitebit.com/trade/SUPERB\_ETH](https://whitebit.com/trade/SUPERB_ETH) + +Roadmap: [https://drive.google.com/file/d/1e86CXIfpJ1Ze3N3uUxa2DlOpU\_7bKwd5/view](https://drive.google.com/file/d/1e86CXIfpJ1Ze3N3uUxa2DlOpU_7bKwd5/view) + +Tokenomics and Distribution: [https://drive.google.com/file/d/1bqyZfyJXWvygwLl1ZWMIKnY25yZI\_62X/view](https://drive.google.com/file/d/1bqyZfyJXWvygwLl1ZWMIKnY25yZI_62X/view) + +Proof of locking: [https://team.finance/view-coin/0x0563DCe613D559a47877fFD1593549fb9d3510D6?name=SuperBid&symbol=SUPERBID](https://team.finance/view-coin/0x0563DCe613D559a47877fFD1593549fb9d3510D6?name=SuperBid&symbol=SUPERBID) + +Etherscan: [https://etherscan.io/token/0x0563dce613d559a47877ffd1593549fb9d3510d6](https://etherscan.io/token/0x0563dce613d559a47877ffd1593549fb9d3510d6) + +CoinGecko [https://www.coingecko.com/en/coins/superbid](https://www.coingecko.com/en/coins/superbid) + +&#x200B; + +It's important to note that the total supply is no longer 777m since \~674m were burned, while majority are vested for 2 years with monthly unlocks. SuperBid had no presale, meaning, the monthly unlocked tokens are not distributed to presale investor wallets. In short, unlocked tokens don't go into circulation immediately, hence, minimal dilution. There are even talks about re-locking/burning unused tokens. + +The actual market cap right now is $27.6M and there are only about 4.03M coins circulating; this is just the beginning! + +\~ Credit goes to Erik Wantland for this well-written post. +I would appreciate it if anyone can recommend a handful of stocks that are less than $50 or so because I only have 3-4k cash to use on a PMCC. + +I also heard that it is better to use dividend payers for PMCCs because they are more stable so I wouldn't have to worry about getting assigned on the CCs (although the CCs would have to be ATM because OTM premiums are not worth it). I don't know how true that is but I would appreciate some insight and help. + +Edit: I don’t mind using PMCC on non dividend paying stocks. That was just something I read somewhere. + +What do you all think about PLTR and TWTR? Low IV and bullish future. +A year, if not six months ago, people were super positive about it. It seemed every other thread here was about it. + +With the huge stock market drop, things have changed. Lots of people are bag holding. + +I'm just curious, has anyone thoughts changed on it? Is it still a recommended strategy? At one time, it seemed like the right strategy for everyone. +I have over 10,000 shares of the underlying and am super bullish on it long term. I was selling weekly calls for .10-.12 cent premiums on a 6.00-7.00 stock. The premiums are set so that it’s a very long shot that these calls will end up in the money. I got greedy, and tried for a .30 center, and it was the same week it spiked. I rolled out, but it kept running, and rolled again, and again- each time collecting extra premium. + +Now though My cc’s are in January but worth 1.35. The underlying would have to double to end in the money, but because im so bullish I think in all that time it could do much more than just that. The delta is .40 now if that helps. + +I was thinking of selling shares to raise funds to buy back all the cc’s- $13,500 worth. Thinking if I go back to the .10 weekly premium for the next 26 weeks, I end up better off and more protected incase this stock starts to really grind higher on that time. Even with the recent spike, the .10 weekly cc’s never finished in the money. + +Is this the best play? Or should I give it some time, hope some time decay happens first before looking to close the cc’s I have now ? +Not getting involved in politics, but it seems that Twitter is going back to be the prime place for conservative folks. Parler and $DWAC are going to be the first victims. + +I have a bearish view on $DWAC for the next 3-6-12 months, and I am trying to find a play theta-friendly. The volatility is high, so there must be something we can do. low strike calendar, diagonal, PMCP, etc. + +Any thoughts/experiences that worked from a similar play in the past? +Just wanted some input on this investment strategy. I have a small account of 6,000 for trading and I want to use 1k to do monthly PCS on Tesla starting with 800/790 strikes. This will net around 200 bucks for 1000 in collateral. I understand the risks of strike being blown through but I think it’s unlikely as that’s a strong level of support. It just seems too good to be true making a essentially a 20% ROI in a month. Am I missing something besides the stated risks involved? I just don’t wanna make a dumb move +Hello everyone. + +I have a question for those who are more expert than myself, in terms of trading and overall strategies. I do have a pretty good general grasp of options trading, and since I'm still quite new to this whole enterprise and I have a small account, I mainly play around with Covered Calls and Poor Man's Covered Calls for the time being, while I keep studying how to better my trading skills. + +So, I recently got in touch with a friend of mine who moved to Asia a few years back. He has been trading for two decades and runs a private chat where he shares his plays in real time with other traders. When we talked a few weeks back, I mentioned I was dipping my feet into trading, and he let me join in on his private chat. + +90% of his plays are debit spreads, he daytrades and rarely swings. My understanding is that he closely watches the market for it to take a direction, and then places his bets on certain tickers that are affected by the latter's reaction. For instance, he plays TSLA, SPX, MRNA, AMD, TWLO, RBLX a lot, but also other tickers as well. + +Example: He posts on his chat the following play he just made: BTO $NET 7JAN22 (buy 125.00c, sell 135c). In this case, he expects the price to rise and hopefully reach at least $125. Then, he STC when there is a profit. + +I have been paper trading his plays during the past weeks. What I do is, I simply replicate them on my account and see how they play out. I noticed that he is quite successful, however there are trades that are completely missed, resulting in the total loss of the premium paid. One could say, "*Well, just protect yourself by setting up stop losses*". The problem with this is that his plays tend to swing a lot. For instance, let's say he BTO NET 7JAN22 (buy 125.00c, sell 135c) for a premium of $2 ($200 final price). I noticed that the options price swings downward by a lot, sometimes it goes all the way down to, say, 60%/70% lower than the average (in this case, $2). Then, if he was right on the play, it would shoot up as the price moves in his direction, and eventually return a profit. (Example. premium price from the price it was opened at, say $2, all the way down to $.80, then up $1.4, then down $.60, then up to $2.3). I think that setting up stop losses, in this situation, would result in many of the positions being automatically closed at a loss due to the price volatility. I hope I was able to properly explain myself, heh. + +In my case, these plays can be a bit risky because with my small account, I could lose it all by simply playing 3/4 of his plays which end up badly. In my paper trading account, by replicating his plays, I tend to close for a 20%/25% profit but a few bad plays where the premium is totally, or almost entirely lost, end up wiping my entire profits. + +So, my question to you is: How would you protect yourself in this situation. Stop losses, in my opinion, are not the solution because his plays' premium prices swing a lot. I was looking into directional strategies, so I could turn a profit when the price shoots either up or down (as I recon, it happens a lot with his plays), however they seem quite expensive. I was thinking, also, trailing stop losses, but I am still a bit unsure about them and need to better understand them. + +Again, sorry if I did not properly write something within this post. I am still learning and could have made mistakes in terms of terminology or critical thinking. +Hi All, Need your advice.. + +anyone here with loss from $fbrx.. + +I sold put csp for fbrx 20$ strike expire on sep 17, when i sold stock was trading on 28, i looked into analyst rating all were good and preimum was very good 5.50$. made a mistake with greed of high premium. + +Last week after market hours stock went from 28$ to 5$ super down 82%. Now the 20$ put option i sold is 15$ and brings loss of 1000$. + +i am new to option and experiencing 82% drop for first time. I was thinking to sell additional 2 contract 7.5$ put expiring sep 19 to collect premium for 2.20$ each. + +if the 7.5$ option expires OTM, i get to keep 2× 2.20 × 100 = 440$ which will reduce the overall loss or if it get assigned i still get to keep 440$ and buy the stock at lower price and overall average cost of stock will be around 8$ after all preimum collected- 2 contract from 7.5$ strike and one from 20$ strike total 300 stocks. + +then i can close once stock reaches 8$. +but i am afraid fbrx has only one drug and ceo said they may not proceed futher with same drug. + +also lawsuit is strated against fbrx on behalf of investors. the stock may go to zero... + +I am thinking of converting short put into strangle but cant reach breakeven price. + +all your opinions will help me, i want to reduce the loss or break even possible. thank you in advance..it is lesson learned for me.. stupid mistake. +I bought a CLNE 24c 12/17 and have been selling PMCCs on it, currently short 1ea. 30c 6/18 and now CLNE has run up considerably so I’m wondering what the most profitable move would be next. Obviously both my long and short calls will go up tomorrow and if I close both contracts I will still have made money but what is the best strategy? Roll the short call maybe? But how would I do that without realizing a loss? Be easy on me I’m trying to learn lol. Thanks. +So I am long long on SOFI. I bough 100 shares. And I am fine with owning 100 shares of it, I am super bullish on the company in general. So my position right now is at 9.54. I sold 1, one single contract, covered call at 10 strike expiring Mar 18th. So basically If SOFI below 10 by next week, I keep the premiums. Now I also understand that with covered calls, your max loss is infinite, BUT all I have to do is simply wait. Because either, whoever I sold my contracts too, they exercise and I get my shares taken away or they do nothing and the contract simply expires and I keep all the premiums. Please correct me if I'm mistaken. I open to any and all ideas and criticism. +Been doing some thinking about this. The math makes perfect sense if you made 50% on your short call in less than 50% of the time til expiration, the idea is you BTC. The benefit is you realize the profit and the profit is realized at a higher annualized rate as that 50% profit was realized in a short amount of time. + +But my question is now what? I have 100 shares of the underlying and I am not benefiting from time decay. + +I feel like the options are: + +1. Sell another call further out in time (if reason for profit was theta decay, decrease in vol, small decline in underlying) +2. Wait for the stock to recover (if the reason for the profit was a sharp decline in underlying) + +&#x200B; + +With option 2, I'm torn. I am no longer benefiting from theta decay and I have the underlying waiting to recover, when I could have just kept the CC on and earned a bit less but still more than 0% (BTC and waiting). The benefit of option 2 is if it bounces I can resell the same option again (or another) for more than i closed it out for. + +I feel like either path is acceptable, to each their own, but wanted to know what paths others take and why. +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 have 17 symbols currently on my watch list of companies that I would like to add to my portfolio which I use for the above strategies. I am curious how many symbols you follow as potential targets? Do you select you potential targets via fundamental style analysis? Do you screen each day/week for high IV plays? + +I am curious how the successful traders in these strategies assemble their target lists. + +Thank you in advance +I’m down 50% on my lucid stocks that I’m not comfortable holding anymore. I’m thinking to jump into TQQQ but I don’t know if that’s a good idea, any advice would be appreciated. I would rather hold TQQQ than LCID, I feel like it’s a lot safer. Any advice would be appreciated. I can then sell cc to coupe some losses + +Edit: I just found out that tripled leverage has decay, I’ll stick with lucid shares for now. +https://www.cnbc.com/2018/02/06/billionaire-investor-carl-icahn-there-are-too-many-derivatives-and-the-current-market-is-a-rumbling-warning.html + +LOL @ Ichan, who's business model is literally to use leverage that's at a way higher multiple than 3 like some of these ETF's/ETN's. Big banks leveraged 7-10x. Ichan just mad that ordinary Joe got a ticket to the leverage party. Also mad at ETF's because they can outperform his (and many others) fund in the long run for way lower fees. +> Nonfarm payrolls rose by 128,000 in October as the U.S. economy overcame the weight of the autoworkers' strike and created jobs at a pace well above expectations. + +> Even with a decline of 42,000 in the motor vehicles and parts industry, the pace of new jobs well exceeded the estimate of 75,000 from economists surveyed by Dow Jones. The loss of jobs came due to the General Motors strike that has since been settled. That job less itself was less than the 50,000 or more that many economists had been anticipating. + +> The unemployment rate ticked higher to 3.6%, in line with estimates, but remains around the lowest in 50 years. A more encompassing measure that includes discouraged workers and those holding part-time positions for economic reasons also edged up to 7%. + +https://www.cnbc.com/2019/11/01/jobs-report-october-2019.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +Edit: CNBC changed the headline after I posted it +Hopeful home buyer here. + +So, I’m just putting it out there. + +With all the doom and gloom and predictions of absolute calamity about to wreak havoc on the housing market, can we have an informed discussion about why perhaps they won’t crater to oblivion? + +I know a lot of people are fed up with house prices, particularly in Sydney, which has bred a lot of resentment between the have and have nots, Boomers and FHBers etc. + +Naturally at the first sight of blood, the peasants (most of us) are calling for the King’s head on a platter, but how much of it is more wishful thinking than based on real economics? + +I’m not saying the claims are unbiased, certainly not and I think it would be difficult to argue prices for the next few months are not facing downward pressure. + +I’m just trying to cut through the crowds with pitchforks and lust for doomsday and looking for a sensible argument. + +I am also assuming (hoping) it is not the end of the world as we know it and at some point there will be a recovery. At worst people will just learn to adapt and find a way to live. We can’t be locked down forever. + +Prices will fall, but aside from those that lose their jobs, who in their right mind will sell? + +If the argument is buyers will be picking off distressed sales, again unless this is the end of the world, stock is going to plummet and whilst buyers are also on the sidelines, I can’t see a massive retreat in buyers or credit appetite and it feels like a smaller but still very motivated group of buyers fighting over bread crumbs. + +At least in the short term. And once their is a sliver of hope, the market will bounce right back. +This one is very theoretical. If you don't know what Im talking about please research this or reread this. + +Okay, we know the heavily shorted stock mentioned came off the Threshold list on Feb 3rd. That means they covered almost all of their FTD's (faild to deliver). Many of these were bought in the open market at high prices, however many people have speculated that it doesn't seem to be enough. The market Volume was very low and the sellers to buyers ratio was also very low. could that be enough? They were on the threshold list for 39 days straight and they covered it all in just a few days? Maybe. But what if it wasn't enough? Where did they get the rest of the shares they needed? Remember, if they don't deliver in 13 days after the 3 day settlement period is up, then they lose the right to short sell forever. That is why they have to buy at the higher prices and that is the main reason, along with the hype, that the stock price spiked. + +Now lets introduce another player into the game called the etfs. There are several ETF's that have the geemee stock as part of their portfolio. I have only looked at one. you can check out the other ones too. Apparently there are 79 ETF's which hold the stock. I checked out ex are tee. Their chart looks very similar to the chart of the stock mentioned And it is one of their main stocks that make up part of their fund. Maybe Coincidence? + +Now, the etf went ON the threshold list on January 29th and has remained there to this very day! IT did not appear on the securities threshold list a single day this year before jan 29th That is the same day that the the short sellers supposedly covered most of their short positions and the geemee spike started to drop as well as about the same time the brokers stopped letting people trade! This etf currently sits at 190% short float. Peaking on 2/1 at over 800% short float! As of 11feb2021, they also only hold 454,595 shares(3.36% of the fund) of the mentiopned stock, coming down from a high of roughly 19%. + + + +[outstanding shares of the etf](https://preview.redd.it/fcfu9kpisth61.png?width=647&format=png&auto=webp&s=f5484039e4707243d234da8a633f8f5c3af844e1) + +&#x200B; + +[Shares shorted of the etf](https://preview.redd.it/b6aalo74sth61.png?width=354&format=png&auto=webp&s=98c590c3113485e44c1839fe748be0918f582c17) + + There is a possibility that the ETF's that had shares of geemeee were used to cover the failed short positions so that it would come off the threshold list. This would create the image that the opportunity is over, however then the ETF's involved would be now in the exact same position that the stock was in just before the spike. This would just move the crisis from one place to another. + +This procedure can be mainly done by naked shorting the stock. If a manager wants to short a single stock, but they don't want to go to the extent of borrowing and disclosing the short, they would short an ETF that holds the stock, and simultaneously buy long the underlying holdings that they don't want to short. This Naked shorting ETFs is generally acceptable due to arbitrage, but if one goes long on the remainder of the holdings (not many in the mentioned etf), one can naked short the stock without doing any arbitrage on the ETF. This, when coupled with synthetic longs via options, gives the appearance of shorts covering when they haven't, takes the heavily shorted stock off the threshold security list when it shouldn't be, and provides the ability to naked short the stock again. + +&#x200B; + +[Comparison of the ETF short positions and the underlying stock](https://preview.redd.it/hrg8gx2lrth61.png?width=691&format=png&auto=webp&s=01cba928637efebe0e584c2796ea04e46bd52056) + + This is a likely scenario how geemeee could actually be shorted without appearing so. This solves the NYSE threshold securities issue and the ability to drive the stock down outside of buying puts. Theres list of etfs holding this stock. They can all be used in the same way. Thats a theory right now. All figures indicated that the % of shorts went down without any real price movement that should have reflected this. This would be the explanation. + +For all the retards rubbing their hands now: It's very unlikely to squeeze an ETF because managers will just buy more shares of the underlying and issue more shares of the ETF. They don't need shareholder approval or prior announcement to issue new shares as do single companies. And other banks and funds can buy shares of the underlying and create more shares of the ETF themselves as APs. + + I am not a professional.. I am not advocating any action on the part of anyone else when it comes to buying, selling, or holding stocks. I didn't mention any ticker. You should also not mention any ticker in the comments. You are responsible for your own actions in the stock market. + +Let's see what will happen in part 4. +First off, I'm not a scammer, spammer, or ne'er do well. Just a programmer that has been working on stock market applications for years and built this site and its algorithms over the last year. + +I'm here to answer any questions you might have about how the programs work and get your feedback on the site. + +[Proof](http://www.twitter.com/stockzi) + +Edit: Our site is at [Stockzi.com](http://www.stockzi.com) + +2nd Edit: Keep them coming, guys and gals! I'll be back at 7pm EST to answer for another couple of hours. + +3rd Edit: Back early! + +4th Edit: Thanks for all the questions and input, everyone! I'm closing it down for the night. Thanks especially to yourslice and stockguy23, who brought up a rather serious issue to fix in the virtual trading environment before going any further with the program. I will fix it and will be back. + +5th Edit: Backtests were requested. Using as close to the Screamer Algorithm as I could get within the backtesting software (and I sent the backtesting algorithm to stockguy23), a 3 year backtest from 6/21/2009 to 6/21/2012 resulted in 16.55% gain and 5.23% annualized return. The 5 year backtest from 1/15/2008 to 1/15/2013 resulted in 22.52% gain and 4.14% annualized return. + +The 5 year backtest outperformed the S&P, as seen here: http://www.profitspi.com/stock/strategytest-charts.aspx?s=583&sr=5&pn=pr&sym=SPX.XO + +The 3 year was outperformed by the S&P, as seen here: http://www.profitspi.com/stock/strategytest-charts.aspx?s=583&sr=2&pn=pr&sym=SPX.XO +I have been studying bitcoin for several months now trying to find any evidence or flaw in the design and history of this technology. The further you go down the rabbit hole, the more certain you become that BTC has the potential to change every facet of our current society and culture. The consequences of ingrained unquestioning of the monetary system has been all that we know. Repeated cycles of boom and bust whereas each bust is a bit worst than the previous one. Crisis after crisis, we find a way to generate more credit and kickstart the boom cycle to avoid short term pain and systemic collapse. + +We have existed only knowing an inflationary way of doing things. More credit, more consumption, and more capital that constantly loses its purchasing power are all supposedly the signs of a healthy economy? How come we assume as truth that a 2% inflation target is what a healthy economy needs? Are we really that confident deflationary capital that incentivizes us to save rather than spend, would surely be the downfall of our global economy? + +We cant conceive of a deflationary reality because we assume that monetary technology and systems never can or will change. + +Modern economics has neglected the very fabric of the system in which it attempts to model and predict. This is akin to a marine biologist studying all the different ways in which fish interact and behave while never even for a fucking second asking what is water. The degenerate economist will never question money itself, it will only ever question the ways in which we distribute and allocate that money. Couldn't the nature of the money be the problem? Could this nature dictate how we deal with policy and economic issues in ways we are not even fully conscious of? + +What if money had no centralized entity that could arbitrarily decide supply, or if there was no centralized authority deciding who gets a loan and who does not? + +BTC does not care if you are black, white, woman, man, republican, democrat, liberal, conservative. BTC represents a different future. I am still unsure of the outcome, but it must surely be better than this slow decay. Why not at least try to operate differently? Let us return to human creativity and ingenuity to propel us forward. We are explorers by nature and this pursuit is too critical to not adventure in. + +What we are currently in is late stage fiat degenerate capitalism. What if there was a pure form of capitalism whereas it merely served as a stage for ideas to flourish and compete with one another? Without the pressures and incentives of profit but with the incentives of aesthetics and creation? + +What if there was a way to buy more time so we as humans can focus on these ventures? What if the money we held, grew in value, and not diminished in value? Coupling this capital with the natural deflationary pressures of technological advancement could certainly propel us to a new age no? An age characterized by having more time and less things. An age characterized by incentivizing long term value creation as opposed to short term gain. Those willing to take risk and be capitalists would be able to do so without fucking someone over that chose not to take that risk. + +If you go deep enough, you cease to be political because left and right become the same. Each side appealing to their respective pathos while ignoring the underlying systemic issue. Frank Zappa said it best: Politicians are the entertainment division of industry. When industry is placed in a system that incentivizes short time horizons and an inflationary spirit, industry and thereby its politicians will advocate for short term relief (either through social program spending or through less spending and less taxes). + +BTC has the potential to restructure our power dynamics and greatly equalize the playing field. Will there be early winners (mostly us who "invested" in this)? Sure. But could this greatly benefit humanity in ways we cant even conceive of yet? Yes. + +Sorry for the rambling thoughts. BTC is more than a speculative vehicle. It represents a tiny glimmer of hope in a very fucked up world +Like the title says I just bought alibaba, it was in my watchlist for a while now and When it dipped 6% today I decided to pull the trigger on it. +I know their is a lot of fear on baba right now but I learned to be greedy when others are fearfull and fearfull when others are greedy. +I simply refuse to believe that the CCP is willing to destroy one of it’s most successful companies and the valuation + growth potential makes it a screaming buy. +It’s 1,6% of my portfolio. +This is no financial advise btw +Edit: I know it’s not much but at this stage I’ll round up the money and donate it anyway, regardless Of the outcome. + +Hi guys. I’m back with this again. For anybody who saw the previous posts… I still can’t find a taker for my free btc. + +Tldr: I had an old btc wallet with $18 btc. I wanted to experiment and see how likely it is that someone would get a seed phrase and know what to do to extract the money. the result was….nobody took it although I made it easier and easier with 3 different approaches. It shows how early we are in this game. + +This is/was my last attempt. I don’t want to bore people. If the money is not taken by Thursday I will donate it to the cancer society. (I will show proof here) + +Experiment 3 (this week): +I was 100% sure this would work and the money would be gone quickly! +I made 5 “prompt cards” that said “enjoy your free btc!” And printed the entire seed phrase. I placed the 5 on notice boards in: 3 X shopping centres, 1X library and finally 1X a well known university (packed with well educated people) - the flaw here was the university is still operating but not as normal due to summer holidays! THE MONEY STILL WASN’T TAKEN!!!!!! + +Experiment 2(2 weeks ago): +I set up a new email account and emailed 50 people from random contacts Iv had over the years, some in the same country, some not (it actually took a bit of time to do and i had to “borrow” some email addresses from an advert page to space out the locations of recipients…. +I sent 50 separate emails with the subject as “Somebody please take the free money”. +AGAIN, nobody replied or took the money. + + +Experiment 1(3weeks ago): +I printed out 5 laminated cards with the seed words on them, scattered the 5 throughout the area (200,000 population), 5 days passed, all the cards were gone but the money remained. Basically either people found them and didn’t know what they were or they got dumped in the trash. + +Thanks for reading. It was fun while it lasted. I enjoyed the chat with y’all. + +Edit: thanks for taking the time to post. And thanks for the awards etc. May ye all see plenty of green this week! +Who could've thought we could earn money by posting about the stuff we love? Didn't teachers told us back the that our stupid hobby's/our wasted time wasn't going to pay bills? + +Heck yea, now we can by posting articles, upvoting and commenting on the things we like to do. + +- Got some time while sitting on the toilet? Upvote what you like and start earning! +- swipping on the job, see anything you wanna share? DO IT and start earning some moons! +- wasting time while traveling to work (don't use your mobile phone while driving!!!)? Get browsing and upvote the articles you like! + +We have arrived at the future of earning passive income while reading what we love. + +Open your vault today! Stay safe cryptofam. +I spoke to Amex last week about potential retention bonuses to keep me from downgrading to Gold, on the basis of the recent news regarding Amex Gold cards getting £120 worth of Deliveroo credits per year (which covers almost all of the £140 annual fee for those who use Deliveroo), and the pandemic likely affecting the use of Amex Platinum travel-related benefits for at least another 6 months. + +The CS rep mentioned the various cashback promotions available, but when I pointed out that these covered barely 1/3 of the cost of the card, they immediately offered me 50,000 MR points (equivalent to c. £250 in cash) as a retention bonus with no questions asked. + +Your experience may vary of course, but imo for Amex Platinum cardholders this is definitely worth raising in a call with Amex! +I see people in streams commenting "at what point does the government stop the squeeze? I want to plan my exit strategy." This is absolutely FUD. I don't think rensole meant to create FUD but unfortunately it's starting to have that effect and paperhands (or perhaps shills) are starting to plan to sell on the way up "before the government stops everything." + +All of the exit strategy DD is telling you to sell on the way down and not on the way up because selling on the way up will bring down the ceiling. Now, we have a bunch of FUD and paperhands planning to sell on the way up because of panic that the government MAY step in. + +First of all, we don't know if the government will step in. The last time the GME rocket was stopped wasn't government intervention. It was Robinhood, Apex Clearinghouse and potentially the DTCC. None of these are government institutions, so stop saying the government stopped the January squeeze. Additionally, the government would cash in on a shit ton of taxes and funnel money into the economy that has been laying dormant in fat cats stock accounts. So, it's not really in the government's interest to stop the squeeze. + +Second of all, even IF the government were to step in because GME squeeze "causes" the market crash (as if that wasn't inevitable with or without GME), you're not going to get a better deal selling before they intervene. Let's say the price goes up to $100,000 and then the government says "enough of this." The shorts still need to cover and you still have the shares. Do you think the government is going to force you to sell at $1,000 when the stock is officially worth $100,000? No, they will give you $100,000 or people are gonna flood the supreme court (with lawsuits) if they don't riot. If the government steps in at $100,000 then everyone is gonna get $100,000 at minimum. If you sold at $10,000 worried you will only get $1,000 in case of government intervention you will be the sucker. + +Also, I don't think the government can actually force you to sell. So if $100k per share is too low for you (as it is for most apes), tell them "my shares are not for sale." Which puts them in a catch 22 situation again. Because shorts still need to cover and nobody's selling. + +Edit: Adding real Exit Strategy DDs, so apes can get a little more educated if they're planning their exit strategy + +If you are panicking about how to exit your position, read the Exit strategy DDs that have been at the top of God Tier DD for months. I recommend reading them ALL and not just one of them that you hardly understand. At minimum, read the first 2 technical Exit Strategy DDs, so you know how to read a chart: + +##Technical Exit Strategy DDs: + +u/NHNE's first Exit Strategy DD that uses MACD and Stochastic RSI indicators to separate fake dips from real downward momentum https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am/?utm_medium=android_app&utm_source=share + +u/WardenElite's Exit Strategy by recognizing triangles and predicting positive or negative breakout +https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/?utm_medium=android_app&utm_source=share + +optional: u/ChristianRauchenwald's DD about Elliot Waves ⚠️Warning: Elliot Waves are natural stock movements that may not be applicable to a highly manipulated stock like GME +https://www.reddit.com/r/GME/comments/m6cebh/why_10000_per_share_is_just_a_stop_along_the_way/?utm_medium=android_app&utm_source=share + +##Less technical Exit Strategy DDs: + +u/NHNE's second Exit Strategy DD about What's an Exit Strategy and why it's important +https://www.reddit.com/r/GME/comments/m8nk84/important_all_apes_need_to_read_this_to_prepare/?utm_medium=android_app&utm_source=share + +There are more but I'm having difficulty finding them +As the title says I'm scared of investing. I'm not sure what the root of the problem is or how it started exactly however I'm just overall scared of investing. I got into dividend investing a month or two ago and found it be a great opportunity to make my money grow for me passive as well as build compound interest (through the use of a DRIP etc.) + +The main problem I face is not knowing what to invest in... I want to set up a drip (auto-reinvest my money) but that usually requires a lot of money upfront 1k + and I currently have 6,000$ in my TFSA and want to use that money to start investing. I really want to prioritize diversifying my portfolio but I'm not sure how to go about it as well as if I should prioritize it over a DRIP? + +Btw: Some context about me; I'm 18, Canadian, go to university full time and work full time, my student loans are ok (not a concern at the moment) I have an emergency fund, and my expenses are very low. +He’s been investing for awhile and has $100,000 invested. But he doesn’t have any dividend stocks and wants to transfer into dividend stocks. What is a good dividend portfolio for someone his age? I want it mostly safe but it can have a couple high yielding stocks maybe like JEPI and NUSI or QYLD or QYLG. What’s a good line up of maybe 10-15 stocks. I know i want something like SCHD, DIVO, DGRO, maybe VTI, and then maybe something like QYLD, JEPI, etc. Let me know your thoughts. +At the risk of sounding completely ignorant, I’d like to get your opinion on how I’m going about investing in my dividend portfolio. + +I love stocks. I also love purchasing things. Combine the two and I think I have quelled my need to buy for the time being. I am currently investing $10/day in fractional shares across my dividend portfolio instead of $300/month for the sole reason that I enjoy making stock purchases every day. + +Is there anything notably disadvantageous about doing this opposed to $300 at the start of the month? +I’m relatively new to stocks, I’ve been trading for around a years, and only in the past few months have I started to focus my portfolio around high dividend blue chip stocks. I was initially interested in at&t because they’ve consistently increased their dividend for years, but recently for the first time in a while, they lowered the dividend due to the warner bros spinoff, and the stock’s been taking a dump ever since. I was looking at the company’s numbers on Yahoo Finance, and with my beginner knowledge in value investing, I think it may be undervalued. It’s price to book ratio is 0.88 meaning that it’s currently 88% of its true book value, it’s revenue per share is $22.73 which is more than the actual share price, and even after the spinoff, the forward annual dividend is still over 5%. These are just a few metrics, and I’m probably overlooking some other important ones, so I wanted to know your thoughts on this +I built up SCHD to 40% of my portfolio. It seems more diversified with 300+ holdings. And great growth potential. Just want to discuss, I prefer diversification + + +Before anyone goes reeeeeeeeeeeeeee, I must point out that many of these Gamefi tokens are under development and. This article will mention these games for a variety of reasons, from good earning opportunities to interesting investments, all the way down to the simple fact that 'this game looks dope as f\*\*\*'. In addition, I of course want to highlight a variety of upcoming games, so I won't be repeating Axie Infinity, Alien Worlds, Sorare, Crypto Royale(on my pinned bar) which are here every month. + +**Mobox: MoMoVerse – formerly DeFi, now becoming GameFi** + +*Market Cap : $500 Million* + +*Went live: April , 2021* + +*Exchanges:* [*Binance*](https://coinmarketcap.com/exchanges/binance/)*,* [*Bitget*](https://coinmarketcap.com/exchanges/bitget/)*,* [*Gate.io*](https://coinmarketcap.com/exchanges/gate-io/)*,* [*HitBTC*](https://coinmarketcap.com/exchanges/hitbtc/)*, and* [*ZT*](https://coinmarketcap.com/exchanges/zt/) + +On December 6th, Mobox will launch the first phase of the Mobox MoMoverse. Through a daily quest system with play-to-earn mechanics, Mobox NFTs become avatars for daily quests. Alpha players will be able to test MoMoWorld and receive MBOX rewards. + +In addition to an NFT marketplace, the official version will be launched once the open Alpha is completed. One of the GameFi products on the market that has consistently built and grown its ecosystem since its launch in April is this one. You shouldn't expect anything like an MMO just yet, but it seems like everybody's creating virtual worlds nowadays. + +***KXA –Kryxivia Bring Fantasy Play-to-earn MMORPG GameFi to the next level*** + +*Market Cap : $2 Million* + +*Went live: December , 2021* + +*Exchanges: PancakeSwap (V2), MEXC, Decoin, and BakerySwap* + +[kryxivia.io](https://kryxivia.io/) is a fantasy play-to-earn 3D MMORPG that can be played directly in any modern browser. + +By playing Kryxivia, you can earn Crypto-Currency and unique NFT, build your own character, fight bosses in dungeons, stake your currency in the bank, loot from special items, and cast spells from magical gems known as Kryxit, which may be linked to items for accessibility. + +As it is in its early stages, you can also [stake your kryxivia](https://staking.kryxivia.io/) to get unique NFTs and participate in the closed beta test. + +**Doctor Who: Worlds Apart – First playable version coming before the end of the year** + +Reality Gaming Group and BBC Studios have not yet announced a launch date for [Doctor Who: Worlds Apart](https://doctorwho-worldsapart.com/), but the first playable test version will launch this month. To participate, you'll need a Founder Token. This month, the team plans to hold a new sale for Founder Tokens, but no details have been released. + +**The Sandbox – An open alpha for all, and play-to-earn for some** + +*Market Cap : $5 Billion* + +*Went live: March 2021* + +*Exchanges: Binance, OKEx, CoinTiger, FTX* + +Anyone who owns an Alpha Pass NFT has access to The Sandbox's play-to-earn segment. It's finally time for players to dive into an early version of what The Sandbox will be. The majority of players will not have access to the earning mechanics, but they will get a taste of what The Sandbox will be like when it's complete. You should give this one a try if you're into play-to-earn gaming. + +**World of Sipheria – SIPHER is coming, NFTs are here, but no game yet** + +We expect to hear a lot more about the World of Sipheria next year. For now the availability of two NFT collections will have to do. Each of the characters in these collections will become playable characters in the full game. On December 6th the team will have a public token sale on their website, so be sure to check that out if you want to be early. + +NFT in a VR environment enables a real-world experience with creativity & expression, facilitates socialization and the acceptance of feelings. + +**MEGA - MegaCryptoPolis- A mega project indeeeeeed!** + +*Market Cap : $14 Million (Fully Diluted)* + +*Went live: early 2018 (Yes you read that Live)* + +*Exchanges: Binance, OKEx, CoinTiger, FTX* + +A multi-blockchain city building strategy game that allows players from all over the world to collectively create a unique mega city. MegaCryptoPolis assets are cryptographically unique ERC-721 tokens that are stored in a player's wallet. + +Smart contracts run the entire game logic, with each action resulting in a verified transaction on the blockchain. In MegaCryptoPolis 3D, players can rent buildings, produce materials that are needed by other buildings, create new generations of citizens, offer services to other players, place ads, and drive cars. +\*Still (dammit) + +Hi again, PF. + +I ([posted my situation](https://www.reddit.com/r/personalfinance/comments/8qu7ns/uhhwellim_an_idiot/)) last week and received some solid advice and started doing what I can to keep my head above water. Thanks to everyone who commented. + +I wanted to give an update: + +I was brought into my bosses office last week and an HR person was there. I was told that my department was being dissolved and that I could take a severance (4 weeks pay) or take an open position in a different department. This new position is at a lower (basically entry) level and is a 20&#37; pay cut. + +I went home and did some calculations to see how long the severance + vacation payout would last and realized we could make it maybe 6 weeks before having $0. + +I decided to accept the new position because, well, I need income. + +After running the new numbers based on what I'm expecting my check to be, it looks like we will be about $750 in the hole each month. + +Wohoo! Right? + +Here's where I'm at today: + +\-I've started to application process for Income Driven Payments on my student loans, although I'm not sure they will care about anything but my previous year tax return. + +\-I plan on using my wife's CC to pay the renaming \~$100 on my phone so that monthly bill should drop $27/mo (and her cc payment won't go up that much of course). I know this is generally stupid and I will be paying interest on top of the $27 but it's immediate release of that $27/mo. I also dropped our phone plan to lower data allowance which will shave off another $10 from the bill. + +\-I am calling all of my CC providers to see if I qualify/signed up for some form of "financial distress" insurance to maybe defer payments for a bit. + +\-My landlord messaged me this morning and said he is putting the house on the market so we will need to be out by August. Maybe this is a blessing in disguise but so far I haven't found anything cheaper in the area. Started to seriously look in surrounding areas. + +\-I am calling the trash company to see what they offer for fewer pickups + +\-I will be spending the night getting insurance quotes (although I think $123/mo for two 30yo drivers with two new vehicles will probably not be bested) + +\-My new position will be more days remote, so I should be able to save on gas + +\-We are cutting our grocery budget to $130/wk + +\-I have been trying very hard to not turn on lights and utilize sun light as much as possible + +\-I have been following up more rigorously on job applications and connections + +Life is funny sometimes. I am learning my lesson. I never want to be in this situation again. Once things start looking better I am going to make sure I have 6 months save. No excuses. +The market has been extremely volatile, causing more and more investors to re-strategize and make vast changes to their portfolio. I thought it would be a good idea to share and get some insights on what your outlook is in the midst of the recent changes in the market. Here are my current holdings at the moment (excluding auto-pilot RRSP fund in wealthsimple): + +[Holdings by &#37;](https://preview.redd.it/6fl2xeuyogv41.png?width=251&format=png&auto=webp&s=3dcd4ffc23190d145900300be9c9a59ecdd68d7c) + +Airlines (AC) - 5%: + +* Probs the riskiest one in my portfolio, but in it for the momentum (though solid balance sheet is a plus) + +Apparel (GOOS) - 5%: + +* Good value w growth opportunities in East Asian market +* Accustomed to seasonal revenues and sufficient time to comeback strong next year + +Banking (TD) - 15%: + +* Excellent value for the current price and imo has a stronger brand/earnings potential from the bunch + +Financial services (POW, SLF) - 15%: + +* POW - decent portfolio and solid strategic outlook with wealthsimple being my primary reason for investing long (plus high dividend rate) +* MFC may be undervalued but SLF has higher market share and seems destined to hold more post recession + +Gold (HUG) - 10%: + +* Expecting global inflation on the rise, particularly due to decline in oil prices and fed activities + +IT (GIB-A, OTEX, ZQQ) - 20%: + +* GIB and OTEX - been a fan of these stocks as more companies are looking for digital transformations and data solutions +* ZQQ - holds 100 nasdaq including FAANG stocks; overvalued but i still see strong growth in the long-run + +Real estate (BPY) - 5%: + +* Bargain buy & solid management team - willing to take the risk for potential upsides + +Retail (CTC) - 5% + +* Valued this stock at $150 prior to pandemic with retail side accounting for more than 40% of this +* Retail will def take a hit, but strong believer that the brand will come back with the help of other solid business lines + +Telecom (T) - 10% + +* Expect stable earnings despite pandemic outbreak +* Unlike BCE and RCI, runs primarily on wireless services; none of that trashy media sector + +Weed (APHA) - 5% + +* Not a huge fan of weed stocks, but this one seems to be a bargain at the moment +* Imo leads the industry in supply chain management with decent numbers on medical marijuana market - at this point stability wins the competitive race +We all know air Canada is Canadas little plaything and if they ever go bankrupt, Canada will just bail them out and restructure the company and the shareholder of the "old" AC will just be left the scraps. How likely do you guys see AC going bankrupt in the future i.e. 2021-2022 (Covid lifecycle)? Is it a good buy at 20 or is it just ask risky as any other private corporation? +Long story short, after some saving and grinding, I've got about 100k now that I would like to start using to generate some returns. + + +Also of relevance, my wife and I own an acreage property worth around 650k with about 470k on the mortgage (180k / ~27% equity). She works as a teacher, I run a rental business out of our acreage as well as doing part time engineering work (P.Eng) + + +I was originally planning on putting this money towards one or two rental properties but with interest rates where they are I'm finding it very difficult to do that. I also believe we are in a recession and have a hard time putting much money into stocks / funds at this time as I believe there will be better entry points in a year or two. +I made a good amount on bitcoin in the past but I believe crypto will be trending downwards for a little while still as well. + + +With that said - I have no clue what to do with this money. There has to be some options out there but I'm fairly new to actual (ie. non-crypto) investing and would like to hear some input from people smarter than myself. +The market has been extremely volatile, causing more and more investors to re-strategize and make vast changes to their portfolio. I thought it would be a good idea to share and get some insights on what your outlook is in the midst of the recent changes in the market. Here are my current holdings at the moment (excluding auto-pilot RRSP fund in wealthsimple): + +[Holdings by &#37;](https://preview.redd.it/6fl2xeuyogv41.png?width=251&format=png&auto=webp&s=3dcd4ffc23190d145900300be9c9a59ecdd68d7c) + +Airlines (AC) - 5%: + +* Probs the riskiest one in my portfolio, but in it for the momentum (though solid balance sheet is a plus) + +Apparel (GOOS) - 5%: + +* Good value w growth opportunities in East Asian market +* Accustomed to seasonal revenues and sufficient time to comeback strong next year + +Banking (TD) - 15%: + +* Excellent value for the current price and imo has a stronger brand/earnings potential from the bunch + +Financial services (POW, SLF) - 15%: + +* POW - decent portfolio and solid strategic outlook with wealthsimple being my primary reason for investing long (plus high dividend rate) +* MFC may be undervalued but SLF has higher market share and seems destined to hold more post recession + +Gold (HUG) - 10%: + +* Expecting global inflation on the rise, particularly due to decline in oil prices and fed activities + +IT (GIB-A, OTEX, ZQQ) - 20%: + +* GIB and OTEX - been a fan of these stocks as more companies are looking for digital transformations and data solutions +* ZQQ - holds 100 nasdaq including FAANG stocks; overvalued but i still see strong growth in the long-run + +Real estate (BPY) - 5%: + +* Bargain buy & solid management team - willing to take the risk for potential upsides + +Retail (CTC) - 5% + +* Valued this stock at $150 prior to pandemic with retail side accounting for more than 40% of this +* Retail will def take a hit, but strong believer that the brand will come back with the help of other solid business lines + +Telecom (T) - 10% + +* Expect stable earnings despite pandemic outbreak +* Unlike BCE and RCI, runs primarily on wireless services; none of that trashy media sector + +Weed (APHA) - 5% + +* Not a huge fan of weed stocks, but this one seems to be a bargain at the moment +* Imo leads the industry in supply chain management with decent numbers on medical marijuana market - at this point stability wins the competitive race +Im one of these index fund strategy fellas (XEQT) - you know, the ones people love to plug them in the comments. We all know the players - VGRO, VEQT, XGRO, XEQT. + +I’ve recently come across VFV, and am wondering why it doesn’t get mentioned here as often? It tracks the S&P 500, MER seems low, and gains are wild (up 100% over past 5 years). Seems like a no brainer to switch over to it, no? + +Is there a fundamental difference in its holdings from the 4 favourites I mentioned above? + +I’m considering switching all of my holdings over to VFV. My investing timeline is 30 years. Talk me off the ledge! +Hey all, + +I’m new to investing on my own (less than one year in the market) and am trying to learn as best I can. I’ve read some books, read financial news as much as I can, I watch the markets, and listen to Canadian financial podcasts like Loonie Hour and Money Talks. + +I enjoy Mike Campbell’s podcast and purchased the World Outlook Conference in 2022. I wasn’t too thrilled with it from a point of learning the how to’s and what to look for though. Maybe my expectations were off. I see Mike Campbell has an Inside Edge publication and I’m wondering if it’s worth it? I enjoy his guests that provide some perspective on trends and what to watch for. + +I’m balancing the Inside Edge and the Schater Energy Conference from a perspective on learning. Does anyone have any experience with these, and can you comment on their worth? + +Any other suggestions are welcomed. I’m mainly in commodities and energy if that makes any difference. I’m eager to learn how to invest wisely. + +Thank you +Today is my last day of employment, and I'm packing it in. 42 and ~1.25M in assets. If need be, I have a valuable skillset and multiple companies that want me, and I can command well into six figures, but I'm not materialistic and doubt there'll be the need. + +Please let me know whether I should or should not go fuck myself. +My son just spent a ridiculous amount of money on these bitcoin things. He was saving up for almost 2 years to purchase his own car. He just got out of high school, and I honestly do not think he has his priorities set right. + +I don't know a lot about bitcoins, and neither does my son, which is why I decided to post here. I did a bit of research and found out how much a bitcoin is worth. So I assume my son has about 8 or so bitcoins. + +He bought them because he saw one of his friends double there money in bitcoins just a week ago, I assume my son is just trying to do the same. But I don't think he really realizes how stocks, and trading actually works. + +I only hope the best for my son, so can someone give me more insight on bitcoins. Like what are the realistic risks. + +If my son was able to profit off such an investment. Would he have problems retrieving his money in fiat? as I do not think banks would accept bitcoins. + +He had to purchase the bitcoins in person from someone he met on the internet. As Shady as that sounds. I certainly do not want him doing that again. + +I'm holding some $SIX 6/19 $10p contracts. I expect that the company will declare bankruptcy sometime in the coming months (it wouldn't even be the first time—they declared bankruptcy in 2009 as well). + +I've read that in such a case, options can be exercised but not traded. Is that correct, and when would trading officially cease? In other words, when to close? I'd appreciate input from anyone with actual experience in previous cases of companies that went bankrupt. +Check out his quick DD on $AYRO as well: [https://www.reddit.com/r/RobinHoodPennyStocks/comments/hlycxj/ayro\_is\_the\_play\_this\_week/](https://www.reddit.com/r/RobinHoodPennyStocks/comments/hlycxj/ayro_is_the_play_this_week/) + +&#x200B; + +Quick Note: I'm not a DD master, this is actually my first one so I would love some support + I'm no financial advisor if anything I'm just an autist to find the next 100%er. I'm just a 16 year old looking to find a good stock. + +&#x200B; + +**What is $AYRO?** + +AYRO, Inc. is a U.S-based designer and manufacturer of purpose-built, automotive-grade, all-electric vehicles. They produce EV Vehicles similar to $NKLA $WKHS $SHLL etc. They have a market cap of ONLY $50 MILLION making it a micro micro market cap company. They have more revenue than WKHS and a lower float than WKHS as well. + +&#x200B; + +**The Goal of AYRO:** + +• "Our AYRO electric vehicles help higher ed, corporate, and government entities eliminate volatile fuel storage and CO2 Emissions and reduce noise signatures by up to 75%. + +• Our electric vehicles are designed to traverse streets, narrow passages and campus walkways safely and use automotive controls for familiarity and ease of operation. + +• Compared to an internal combustion engine vehicle, AYRO electric vehicles have fewer moving parts and are up to 50% less costly to maintain. This means greater vehicle uptime and more efficiency across your fleet. Texas-based AYRO, Inc., designs and delivers compact, emissions-free electric fleet solutions for use within urban and short" + +&#x200B; + +**Why AYRO will 🚀🚀🚀 )** + +\*This company has a PR coming soon I believe (Not sure please fact check) + +\*Company merged with DropCar ($DCAR yes the Notorious one) + +\*They very recently expanded their electric vehicle manufacturing facility + +&#x200B; + +\*MOST if not ALL EV Related stocks have completely went parabolic including:$NKLA$TSLA$SHLL$WKHS$SOLO + +&#x200B; + +\*They have one of the lowest floats [https://lowfloatreport.com/](https://lowfloatreport.com/) + +\*Volume is starting to REALLY pump. And people are actually JUST starting to spread, tweet, post Reddit stuff about this etc. Just yesterday there was nearly 20 million volume :). + +\*Looking like the same **EXACT** pattern where AYRO went from $2 to $6 with ONLY a FRACTION of the volume it has now. + +&#x200B; + +&#x200B; + +**Basic/Important Resources To Check Out:**\*[https://lowfloatreport.com/](https://lowfloatreport.com/) (Float of $AYRO) + +\*[https://communityimpact.com/austin/round-rock-pflugerville-hutto/impacts/2020/07/02/round-rock-based-ayro-expands-electric-vehicle-manufacturing-facility/](https://communityimpact.com/austin/round-rock-pflugerville-hutto/impacts/2020/07/02/round-rock-based-ayro-expands-electric-vehicle-manufacturing-facility/) + +\*[https://secure.ayro.com/merger/](https://secure.ayro.com/merger/) + +\*[https://www.businesswire.com/news/home/20200528005742/en/DropCar-AYRO-Stockholders-Approve-Merger#:\~:text=Immediately%20prior%20to%20the%20Merger,dividend%20declared%20on%20the%20common](https://www.businesswire.com/news/home/20200528005742/en/DropCar-AYRO-Stockholders-Approve-Merger#:~:text=Immediately%20prior%20to%20the%20Merger,dividend%20declared%20on%20the%20common) + +\*[https://www.businesswire.com/news/home/20200310005529/en/AYRO---Club-Car-Partnership-Announce-Deliveries](https://www.businesswire.com/news/home/20200310005529/en/AYRO---Club-Car-Partnership-Announce-Deliveries) + +\* [https://www.bizjournals.com/austin/news/2020/06/30/ayro-reverse-merger-coronavirus-impact.html](https://www.bizjournals.com/austin/news/2020/06/30/ayro-reverse-merger-coronavirus-impact.html) + +\* [https://ayro.com/partnerships/](https://ayro.com/partnerships/) (Partnerships) + +&#x200B; + +Video on AYRO if your interested [https://twitter.com/ayroinc/status/1276562700752097281?s=21](https://twitter.com/ayroinc/status/1276562700752097281?s=21) + +Some of these are old news, but the reason why they haven't moved yet was because literally no one saw it. The volume of AYRO was barely holding 500k, just recently we've been getting 2+mil volume in fact on Thursday there was a 20 mil volume day. + +&#x200B; + +**GREAT AYRO CHART:** + +\*RSI is picking up HEAT but it still needs fuel. RSI is at 56 which means its at a good deal, and it doesn't look like there will be a dip anytime soon + +\*MACD is crossing over last time it did this $AYRO went from $2 to $6! + +\*Squeeze breakout! This stock was having trouble climbing past that $3 zone and now that it's past that point its going to rocket! + +\*Volume picking up just like $GNUS $SHIP $TOPS etc. This volume came out of NOWHERE and could continue to go higher if there's more fuel to the rocket. + +\*Strong solid company. Brand new, and there having a PR soon too. + +&#x200B; + +**SHIT SIDE/CONS ON AYRO:** + +This is a REALLY micro stock the Market Cap is literally in the $50millions. On top of this we don't know if EV Stocks are going to cool off this week. This is really important in my opinion, but the thing is **if people notice that AYRO is an EV Stock and notice it hasn't bounced yet FOMO will hit them like a truck because they wouldn't want to miss the next $SHLL $WKHS etc driving the price up**. + +&#x200B; + +Another con about this company is the fact that they merged with the **NOTORIOUS DCAR** yes the shitty company. If I'm right about this there are LOTS of shorts/asks on DCAR (If that's how it works). Meaning that there might be a Resistance/Wall we would have to break in order for this thing to Rocket. + +&#x200B; + +There is **SOME** resistance at the $3.30 mark because of DCAR, the MA 50 is at $3.35 while the 200 MA is at the $3.37 mark. But then again it has completely obliterated the 50 and 200 MA before when there was **NO VOLUME,** Plus using other indicators (RSI/MACD) it looks like we will absolutely destroy the $3.40 mark. + +&#x200B; + +**WHY FOMO MIGHT CAUSE THIS TO ROCKET** + +Everyone wants to get a piece of the EV stock hype. Just look at:WKHSSOLOTSLASHLLNKLA + +All literally went up 100%+ yet **AYRO has barely moved.** And by this logic people are going to see this and think "hmm, I can get in early as hell because of how hot EV stocks are now maybe I should get in!". And once it AYRO pumps a bit, and goes up, up, up, up people will literally FOMO the fuck out of this stock just like NKLA and WKHS. + +&#x200B; + +On Stocktwits AYRO went from having around a few hundred "Watchers" to 2000 on Thursday to over 5500 TODAY. People are JUST noticing this stock which is insane. + +&#x200B; + +**TL;DR:** + +🚀🚀🚀 TO THE MOOON!! + +Jokes aside this is a **REALLY Solid Play in my opinion**. It has really low float, great CEO, low market cap, more revenue than WKHS. And EV stocks are SO HOT right now. + +Chart wise, the RSI is curling up (Really bullish) and has a 56 meaning its a great deal, MACD is curling (Very Bullish), squeeze through and starting to push off the Resistance (50, 200MA) already. Volume picking up so much etc. + +&#x200B; + +Solid solid NEWS, PR soon (I believe), 2x facility, merge with DCAR + +This price target of this stock is LIMITLESS it can literally go to $10+ and could be the next WKHS/NKLA if it gets hyped enough and we get more and more buyers. Overall I'm bullish + +&#x200B; + +First quick DD/Charting I've ever done so no hate please <3 + +I will post more in an EDIT section if I find more juicy stuff. + +&#x200B; + +EDIT: What the fuck? It hit $8 already? LMAO ok Im freaking out I sold at $7 so Im happy but man I didnt expect a one day gain I was planning to sell my CJJD for AYRO but I didnt get the chance big RIP and L on me. Oh well I hope you all enjoy your profits Im out <3 +&#x200B; + +https://preview.redd.it/v9sdq2d6fas61.png?width=1019&format=png&auto=webp&s=bccf46b68414bdf8b25ce43a13740990ff3d97d3 + +You guys think you have been having a tough week? Price keeps dropping..... oh no! + +Well let me tell you, it has been a tougher week for Citadel and Friends. They spent so much money this week bringing the price down artificially and on the FUD campaigns. Their goal is for you to sell and make you think its a bad stock. Look at the image up there, retail is buying nearly 5x more then selling. That is not good for Citadel at all. It is not going to plan for them. They must be like "WTF... why is nobody selling?". They are just wasting money and there is no stock for them to buy. This proves that they are digging themselves into a deeper hole and they are truly fucked. If this buy/sell ratio keeps being high for retail, the squeeze is going to happen for sure. + +Everybody relax and hold +Essentially, I’m looking for a first credit card. I’ve done my research on how to properly use one (though I am absolutely open to advice) and have finally been convinced that there are benefits for me. +I previously looked at the various credit cards available, the Woolworths one was most suited but has an annual fee. I’m with ANZ and honestly their cards look pretty unsuitable, which is a shame as being with the same bank would be neat. Coles has a lot of perks but I just don’t shop there so the rewards benefits would be useless. +I would like a card with a low limit ($5000 ish), no interest if paid in full by end of the month and ideally no annual fees. +My income varies as I’m a casual worker but last financial year I earned 30K and now that I’ve graduated I’m expecting to earn around 50K this financial year. +Hi people, throwaway account. + +I've recently been hired into a job with a 95k a year salary. My old position earned me 35k per year. I've never earned over 40k in any financial year, and I'm genuinely not sure what I should be doing with the extra income. + +I have just under 1k in debt, will be able to clear that first pay check with change to spare. I budget well, and will not suffer from lifestyle creep. To keep to this, I will send 100 bucks a pay into a fun money account, to live a little after years of the minimum wage grind. + +But after all that (paying various savings and emerg funds basic amounts) it leaves about 1200 a pay unaccounted for (please assume the rest is spent/saved in my normal ways). + +What percentages should I save? Agressive on a big emergency fund first? Then an exchange traded fund like Vanguard? High dividend comsec stock account? CFD's on biotech stock? /s + +What you you do if you effectively had 1200 spare change every fortnight? + +I'm 25 years old. +Something i haven’t heard discussed much in the whole property decline conversation is the role incomes play in getting a loan as a new home buyer + +Say you have 2x ‘median incomes’ of 80k, with a 100k+ deposit, the max you can safely afford to buy is around 700k (at 30% of income). There’s almost no family homes in Sydney for that price. + +I guess my question is: What proportion of the slowdown could be attributed to the fact that new entrants simply can’t borrow / pay off enough? Could family homes correct back to well under a mill, and back within reach of new entrants? Can a market survive when potential new entrants are locked out? +I'm a 41 year old single American expat with Australian permanent residence, who will hopefully soon become a citizen because I intend to remain here in Sydney. My situation is perhaps unusual is that my only child recently moved out of home to attend university, and I am just now finally debt free after paying off American student loans. + +My current situation: $170,000 annual salaried income in a very secure role, 17% superannuation with a $200k balance in UniSuper (split between Growth and Balanced), and $5k savings. + +I do not own a home here, but would like to save to purchase one in the coming years. I'm downsizing now that my child has moved out and my rent plus expenses will allow me to save an at least $6k per month. + +My first order of business is to update my will, and I already have life insurance in place, so I know that my child will be secure if anything is to happen to me. But beyond that, what do you recommend? How much to save for a home, and where to save it? Should I see a financial advisor, but how do I find a reputable one? + +I have spent the past two decades working hard to raise a child and build a career, and I'm finally seeing the light at the end of the tunnel. I would be grateful for any advice you can offer! +The SEC passed a rule effective tomorrow where activists can push for a board seat. They are now allowing a SHF to now buy a portion of a stock and then install their own board member to take out a company from within. Sound familiar? They're coming for us. We need to DRS faster + +Edit: +https://www.cnbc.com/video/2022/08/31/activist-investors-cheer-new-vote-splitting-sec-rule.html + +Downvoting hard eh? + +Edit2: So the reason why this is significant is because SHF no longer need majority vote to get someone installed. Take that however you want to interpret it but I see it as a bad thing. They can choose to bully 1 specific director/board member out and put in their own. MSM already has it out for Ryan, what if an activist decides to go head to head with Ryan? They can push for more "reporting" to Wall Street instead of Ryan's whole strategy of staying mum. This is something all GME investors should be aware of +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +So i'm an engineer and have studies calc 1-3, diff eq, linear algebra. I was looking to get back into math in an effort to learn to understand how algorithmic trading works and be able to understand research papers published by professors on various strategies. the problem is i dont remember any of the high level calc i learned back in the day, and am looking to come back to it in a more comprehensive fashion. I've decided to go through Apostol's calc borth volume 1 and 2. the question is will going through those 2 books give me all i need to then proceed to make sense of the math behind machine learning and algo trading? + +I admit it; I'm an amateur at the stock market. I have a set of 4 machine learning models for trying to predict S&P500 stocks that will make a move of at least plus or minus .5% on the next trading day. I use Interactive Brokers to get the data and place the trades (mostly paper trading at this point). I enter positions at the open of normal trading hours and exit them at the normal close. Its very rare that I force it to exit early; I've been burned too many times by panic exits. I mainly use market orders for entry and exit, with the entry orders using IB's adaptive algo. + +&#x200B; + +I've been running some of these models for almost a year, and results have been interesting enough to make me think I'm on to something...the models are pretty good at finding stocks that will make a big move (not always right about the direction though). More often than not, at least one of the models will have predictions that will make over 1% total on a given day. One of the models would have given a YoY increase of about 30%. But, of course, the catch is that all of that is based off of the gains you would see from the official open and closing price. + +&#x200B; + +Going by official open/close prices, my best model over the past month would have done over 8%, but the paper trades couldn't even break 3% Good predictions aren't worth anything if the entry prices are shit. I say all of this to ask this question: Am I on to something, or am I wasting my time? The predictions I generate seem to be good, so is the divergence between the "official" open prices and what I get something I can solve with more sophisticated trade placing logic, or is it basically a crap shoot? +on in other words, does InteractiveBrokers have a properatory trading desk ? + +Say, if I have a small 'niche' game that makes money, will they analyze my trades and figure it out, and then run the same trade themselves? +I want to host my algorithm closer to the exchange servers. However, I've read about issues with availability and latency on EC2, but in low sample sizes, so I want to get more opinions. Same goes for cloud compute for Azure and GCP, if there's a difference. +Hi all, + +Kind of a left field question here and I hope it’s alright, but I was wondering if anyone knew what the differences were between the common man’s algo packs and the professionals’. + +I work for a company who maintains a FIX network, and we have professionals who develop algo packs for big banks. + +I don’t ever really interact with the technicalities or code of the big banks’ algo’s, but I do work with traders who want them from our firm. + +Does anybody have any indication of the differences between the common man’s algos and the big boys’ algos? I dont know much about them and I’m looking to get started with knowing/understanding algo trading and such. + +Thanks in advance for any and all help/info~ +Hey guys, + +Things are starting to make a little bit more sense in my head and my algos start being somehow decent, but I'm sure there will be a shit-ton of obstacles I'll encounter when I finally decide to go live.So what are the bad surprises you had when deploying your algo live? And how did you overcome them? + +Thank you for your answers + +Edit: my algos aren't "somehow decent", I just wanted to know your bad experiences. +I'd like to create a trading system in Java that I'd work on during my free time over the next few years, and I was wondering how those of you who have already created something similar have structured your projects in terms of class hierarchy. I want to do it right the first time so I don't have to go back and refactor all the time later down the road. + +Are there any specific ideas or sources that you think would be useful to look at for something like this? I'd ideally like it to be flexible enough so that it can support just about any API, so that I can upgrade it as I see fit. + +For right now, I'm planning on trading futures. +Hello, geniuses and role models. Quick question. I have seen many posters here, in conversations about post-firing health insurance, talk about receiving income-based subsidies under the ACA. I am either confused, stupid, ignorant (or most likely all 3) but how can anybody post-fatFire qualify for income subsidies, since interest income counts? How can you have income high enough to fatFIRE but low enough to qualify for ACA subsidies? Sorry if this question is embarrassingly dumb. +Please keep this conversation separate from the concept of lifelong monogamy or a wedding ceremony. Those are agnostic to the state financial contract that you sign with a spouse at a separate time and place in private. You can behave and represent yourselves socially as husband and wife or whatever else you please without this contract in states that don’t have common law marriage. + +If you are a wealthy individual, or especially if you are on the path to being a wealthy individual (meaning post-marital assets and income will be large) what do you truly gain by getting into this agreement instead of just going about your relationship otherwise? + +The only meaningful tangible perk to me would be if I was marrying someone from a foreign country and would stand to gain residency privileges. Smaller privileges include SS inheritance and some power of attorney perks that could likely be handled by a lawyer separately anyway. A perk for chubby could be the tax benefits in certain cases based on income. Trivial compared to divorce costs. + +I’m eager to hear both sides of this coin as a well-off high earner in my early 30’s who is currently heavily turned off by the idea of a marriage contract. + +Do most couples struggle to even have this conversation? Is the societal norm so powerful that people don’t even think about it? Or am I completely missing something. It just seems like such a poor decision for the majority of situations. +The fact that they’re still talking about us “Meme” investors and now introducing new headlines like conspiracy theories is quite fucking exciting. They keep attacking us for no reason lol. + + +If the GameStop hype died 6 months ago, why the fuck would it matter today? + + +There’s no need for a reaction when we’re all ultimately retarded as fuck. + + + +They’re obviously very threatened of our position. Just buy and hold my apes. + + +You’re on the right side of history. +By "magical" I mean that if they have any secret formulas kind of stuff in them. + +I understand that it solely depends on the person who's learning and trading to make profit after any kind of courses. + +But I'm curious what these highly expensive paid courses have in them? If the people who are selling them are so sure that this strategy makes money, why aren't they using that same strategy to make more and more money and keep the strategy a secret? +I would like to know what works for those who have profitably traded through the past 6 months (and ideally been trading for a longer period, of course). + +Would appreciate if you could share the broad specifics: + +1. Time charts you look at. Do more timeframes actually distract away from good setups? + +2. Decision based on Price action, candlebars, MA, or? + +3. Risk reward settings: do you go for rr or win rate? And how do you set your stop loss? Rr ratio is starting to annoy me, because I realise many good setups are forfeited when rr ratio is the focus. Perhaps the probability of win matters more! What is your approach? + +4. Focused on a few counters, or apply your strategy to counters that meet your criteria? I’m thinking that if TA works, it’s probably going to work on SPY than on other names. Would like to hear your experience on this point. + + +5. Your strategy works best on forex, Stocks, options or futures? + +6. If possible, pls share some details of your strategy. + +Thank you! +I think I found that group randomly on Instagram where they have just a couple of followers but when I checked their Telegram, I was quite shocked to see 150k members there. As I try to experience all the possible things you can do in the crypto space, I naturally joined to see how that process work. Here is a short summary of the annoying journey. + +&#x200B; + +**When?** + +The group doesn't allow any comments besides their own announcements. These announcements have a very simple order. They tell you when will the next pump happen and then they send several reminders as you're getting closer to the pump day. I think that they do these pumps around 2-3 times per week or something like every three days. + +&#x200B; + +**How?** + +There is a set time for when the pump starts. On the exact time and day it was planned, the announcement will display a simple message that just states the specific token's symbol. That seems to always happen at 6pm UK time and at the very second this happens, the price skyrockets. That only lasts for about a minute. For another minute the price hovers around the same high price and then it starts to drop hard basically to the pre-pump price. The owners of the group state something like that they "hold the pump for two minutes to attract outside investors", but I think that's just a clever statement how to screw over a lot of people. I will come back to this in the conclusion below. + +&#x200B; + +**Where?** + +So all of this happens at Hotbit exchange which I've never used before and it just look so bad. I'm sure there is a very good (shady) reason why the pump group uses this exchange but I don't know the details so feel free to expand on this! + +&#x200B; + +**My own experience** + +I prepared around 28 USDT and sent it to Hotbit (I did that by swapping it around with XLM to save on gas fees). I had the Exchange tab at Hotbit ready and Telegram opened on my phone, waiting for the "signal". As soon as the token symbol was revealed, I typed it to the search tab and tried to swap all my USDT as the price was immediately climbing high too fast. The price per token before the pump was $0.0038. My trade went through 19 seconds after the pump started when the price already grew 1000% to $0.039! I didn't really know what to do because the interface of Hotbit is so bad but I knew if I will hold longer than another few seconds, I will be screwed. I quickly sold everything at $0.051 (highest point of the pump was $0.06) making around $10 profit. + +&#x200B; + +**Conclusion** + +Sounds good? Actually not at all! It only took few seconds for the price to reach the top which means if your trade goes through just a little bit late, you will buy at the top and watch your money lose 10x of its value in the next minute. Obviously there must be a shit ton of people who already know which coin will be pumped and all the small flies like me only help them to pump it more. I think that the statement about "attracting outside investors" is just bs because the price wouldn't drop back to the original value if there were more people outside of the group buying. + +If you want to play around and risk with your money, this is a fun thing to try out but remember you can easily end up with $100 worth of shitcoin after putting in $1000. You will definitely never be able to buy fast enough to get those 1100% profits so don't let that blind you. I was super lucky and got out with like 30% profit? I'm sure that's just because I put in a small amount of USDT. Was that like 10k USDT, the trade might have been executed at the top and I would turn into a clown 🤡 + +&#x200B; + +Thank you and if there is any total shit out there that you want me to try out with my, now $38, I will be more than happy to try it out so you don't have to! +https://www.cnbc.com/2022/09/02/august-2022-jobs-report-.html + +Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported Friday. + +The economy added 315,000 jobs for the month, just below the Dow Jones estimate for 318,000. The unemployment rate rose to 3.7%, two-tenths of a percentage point higher than expectations. +Hello all, first time caller, long time listener. + +My wife and I have been thrust into a less than desirable situation where we are now needing to buy a home quickly. We both have car loans (both are at 1.99%) she owes a little over $8000 and I owe a little over $11000. These are 2017's and we pay roughly $500/mo for each. We also have about $11000 in credit card debt between 3 cards. My wife and I argue on which to do first - we have about $6000 before our tax return (will will likely be around $1500) that we can either put towards our credit cards or put towards her car and potentially have it paid off in 3 months freeing up $500 in monthly income OR put that towards our credit cards since they have the higher interest rates. + +What say you?! Honestly, I could use all the assistance y'all have. Been a rough few weeks. + +&#x200B; + +EDIT: I want to thank everyone for all of their insight, I didnt expect this to blow up like it did. Credit Cards are coming first, as you have stated. We are also going to look into trading our cars in for used ones that would zero-out our existing payments with a trade. Thank you all for the help!!! + +EDIT2: thanks again for everyone’s input, and especially for the suggestion of the unbury.me site. That alone is going to help us out significantly. With y’all’s help we have everything properly planned out and have made some changes. Thank you!’ +I’m not going anywhere. It’s mostly BTC from here. If I go into a coma for 10+ years I want just BTC. + +This thread is to help those who have struggled, can share stories, so we can grow and learn from our mistakes. + +The worst thing we can do is not learn from our mistakes. I admit I’ve made a lot of errors and had regrets. I am open about my experience and if I/we can help spread positivity during this time/bear market then we can make it in this space and reach our goals. + +However before we pass judgement, remember no one is perfect, we all have made mistakes in our crypto journey - whether it’s FOMO, losing keys, losing crypto on exchanges, buying high selling low, catching falling knifes, telling family and friends about crypto at wrong times, not buying projects early. + +I’m surprisingly optimistic despite what I had been through this last decade in millions of opportunity cost. + +The number one lesson is cold storage. It has been preached all over this sub especially during this 2022 collapse of centralized exchanges. The only person you can trust is yourself - just not the devil inside you. + +In 2014, not thinking about cold storage I lost my bitcoin, doge and other crypto on an exchange. I also missed buying ETH at $1. That experience also made me turn away from the bear market and my perception on the industry. It was a struggle to turn my back on the industry after watching the rise. + +The biggest regret I made was not following my gut, and not investing in the bear market (much similar to the one we are now). The sentiment when MtGox collapsed was much worse than now. + +The difference is bitcoin is alive and well but much cryptos are dead in the water. In fact if you told people in 2014 that bitcoin would not only get to the impossible “10k” it would surpass that to 20k in 2017 crash and go to 69k in 2021 to only fall to 15k again and everything would think it’s dead, they would think you bought drugs on Silk Road. + +Every cycle brings higher highs and lower lows. With each cycle more adopters, believers. There will always be skeptics. The greatest marketing for bitcoin is absolutely free - “bitcoin is still alive”?. Usually that happens after each bear market + +Also most people including myself end up with less bitcoin - due to errors, trading, misappropriation etc. + +The best thing you can do in a bear market is control your emotion. Either buy and hold bitcoin, or do nothing. Be patient + +Remember if you own .28 BTC you will always be top 1% holder. In 10 years it’ll be out of reach for many. There is no doubt bitcoin is the future. Getting to 1 BTC will be harder each cycle. There is no doubt in my mind bitcoin will be worth millions. + +For those who lost substantial amounts, be patient. You’ll thank yourself next bull market or in the future for not turning your back this bear market + +Inb4 “you’re going to lose it a third time” +There is a short article in the Atlantic today that discusses whether we are trading happiness for comfort. + +One paragraph describes how out of four possible areas to spend money on we lean toward the first even though the last three give us much more happiness. The four areas are: + +1. spending on consumer items +2. buying time by hiring others to do things you don't enjoy +3. purchasing shared experiences with family/friends +4. donating to charity + +Conceptually, being fat should allow the people on this sub to do all four but I realize I am: + +- well below average on #1 +- almost zero on #2 +- thinking a lot about #3 but haven't started implementing yet +- have been consistent about #4 over many years but am planning to ramp up more + +I am curious as to whether people agree with the premise about what makes people happy, whether people are investing the right amount of resources into the four areas, and examples of how they are doing so. +I posted this a while ago in the FI subreddit when someone was worrying about his ability to make it to FIRE. He was in his early 20's trying to live on a very low spend rate. I think it would benefit some folks here also. + +If is fairly easy to maintain a frugal lifestyle when you are single, just out of college, and get that first job. Yes, there is temptation to go out and party, buy that first expensive car, etc., but you are smart and maintain a low spend lifestyle. Good for you! +The stock market has basically been going up ever since you started investing, so 100% equities (via low cost ETF's of course) has been a great choice. Those savings have been growing quickly and if you project them for 10, maybe 15 years, you realize that you can maintain your current lifestyle without working! +Yes, but after 5 or 6 or 7 years, this frugal lifestyle is starting to get boring! It is a grind! Work sucks because of ....a bad boss, a bad project, etc. The stock market hits a bad beat and the all of sudden your account is down 10, 15, or maybe 20%. Shit.... +You are out with friends and meet that great girl or guy! They are perfect.....you get married. Now you have 2 incomes to share, but she (he) makes less than you. You (and your spouse) are tired of apartments and want some privacy, so a house purchase starts to look like a good investment..... +You get where this is going. But it is not all bad. By saving through those early years you have the benefit of compounding for many years to come. You will be well ahead of your avg person and so what if you don't hit FI until your 45 or 50 or 55. My experience from being on this group is that the average person here is very intelligent and not driven by consumerism or "keeping up with the Jones". FI is not all about sacrifice and frugalism. Live your life, get married and have kids if that is what you and your spouse desire. You're smart...you will figure it out! +Increasingly, it's becoming popular to bash the wealthy and affluent. Admittedly, my perspective is US-centric. But it seems to me that whereas our society used to celebrate ambition and financial success, we're starting to suspect it, even thinking it amoral. + +( Recent NY Times article echoing this sentiment: https://www.nytimes.com/2017/09/08/opinion/sunday/what-the-rich-wont-tell-you.html ) + +Does anyone here feel guilt for being well-off? Do you try to hide your wealth? + +Personally, I do not feel guilty. I worked hard to earn my savings. But I do feel that it'd turn some people against me if they knew what I had, and I've only talked about it with a few people. +Hey Everyone, + +&#x200B; + +I wanted to create a post simply because I learned about these on here and they all have so much potential. Low market cap, very minimal marketing and great product. These will catch on and from my research they all have a great team and weekly updates which I find important when investing in these projects. They are in no particular order but here it goes.. + +&#x200B; + +1. Freight Trust EDI- I chose freight trust because they have an actual working product with paying customers. They have flown under the radar and are tackling a huge problem within freight. They are on 3 exchanges so far and have some huge partnership announcements coming soon. Just signed one with Drewry, who is a big player in the freight world and there are rumors that they are working with baseline protocol. I have done weeks of research on the team and all the fud that was posted here and I can confidently say this is a fucking moonshot to be had. Price is unbelievably low for where they are at with the product. You can find more info on their website [here](https://www.freighttrust.com). I bought on Probit but you can also buy on IDEX and soon on Bilaxy. +2. Meridan Network- MRDN was a total bet when I first saw it on Uniswap but one of the best bets I have made. The launch has been executed perfectly and they release updates every week. Meridian Network is intended as a platform to be used for Dapps and as a community DAO, making use of the LOCK token which will be swapped 1 v1 in the next few days. In the latest update which you can find [here](https://medium.com/meridian-network/quick-update-audit-ama-announcement-f157c8c58fb2) they mentioned that this is going to be a big week. Audit by Haken will be finished today, marketing phase one with top crypto influencers, LOCK token launch, Lock token swap portal launch, locking liquidity and they will be releasing teams wallet ID's. The meridian vault is the first dapp and 2nd dapp is a DAO balancer pool that will be released in August as well as a new exchange! +3. Moon- Moon is a deflationary token with a staking reward system along with referrals. 10% burn every transfer or sell and it goes into the staking pool which incentivizes holders. The team has already locked liquidity and already released their 2nd audit. I have already staked 40k moon just in the last week alone and there are talks of them using some of the funds to either reach out to some crypto influencers which none have covered this coin yet or get on an exchange. I think the influencer covering this will shoot this coin up especially since staking has started over 4 million coins have already been burned to extinction. Keep that up for a few months and the price will rise naturally by lowering the supply. Excited for what is to come with MOON. You can buy this on Uniswap. [Here](https://moon.dev/) is the website + a link that a crypto influencer just posted about. You're welcome :) Use my staking referral link if you do decide to stake : ) https://stake.moon.dev/#/0x459B3EDb577cB0b25C6c9ae94510900b4a008931 + +[https://www.youtube.com/watch?v=Cu9yVDprSyI&feature=youtu.be](https://www.youtube.com/watch?v=Cu9yVDprSyI&feature=youtu.be) + +Well I hope you enjoyed my review. I mainly wanted to just give back to the crypto community as I found these coins on here after researching all the shit coins that people post. These are my bets for 2020. + Post was deleted :( + +SafeStake is a revolutionary & safe auto-staking platform to grow your savings and earn a passive income. SafeStake is a deflationary token with a 10% transaction fee, 5% will be automatically distributed to all SafeStake hodlers & 5% will be sent to liquidity on PancakeSwap. + +[https://exchange.pancakeswap.finance/#/swap?inputCurrency=](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4d6d0335E3B715341eB4F10b5751771cbCb7cEa3) [0x2c9382EDb3c7D063DC86b0E903480E291bf40932](https://bscscan.com/address/0x2c9382EDb3c7D063DC86b0E903480E291bf40932) + +⚡️ LINKS ⚡️ + +Website: [https://safestake.org](https://safestake.org/) + +Telegram: [https://t.me/SafeStakeOfficial](https://t.me/SafeStakeOfficial) + +Twitter: [https://twitter.com/safestakeorg](https://twitter.com/safestakeorg) + +Reddit: [https://www.reddit.com/r/SafeStakeOfficial](https://www.reddit.com/r/SafeStakeOfficial) (Coming Soon) + +🟢 TOKEN INFO 🟢 + +Contract: [https://bscscan.com/address/0x2c9382edb3c7d063dc86b0e903480e291bf40932](https://bscscan.com/address/0x2c9382edb3c7d063dc86b0e903480e291bf40932) + +Tracker: [https://bscscan.com/token/0x2c9382edb3c7d063dc86b0e903480e291bf40932](https://bscscan.com/token/0x2c9382edb3c7d063dc86b0e903480e291bf40932) + +Burn Address: [https://bscscan.com/tx/0x0e61573c178e17b80514fd1d522cf484fa7f0497dc2212b88510c564c0be251a](https://bscscan.com/tx/0x0e61573c178e17b80514fd1d522cf484fa7f0497dc2212b88510c564c0be251a) + +Liquidity lock: 95% locked for 4 Years - Until 28th March 2025 + +PRESALE INFO + +Presale start date: 8:00 am Monday 29th March (UTC) + +Presale link: [https://dxsale.app/app/pages/defipresale?saleID=185&chain=BSC](https://dxsale.app/app/pages/defipresale?saleID=185&chain=BSC) + +Hard Cap: 250 BNB + +Soft Cap: 50 BNB + +Presale amount: 500,000,000,000,000 + +Presale price: 1 BNB = 2,000,000,000,000 + +Liquidity PancakeSwap: 250,000,000,000,000 + +PancakeSwap Listing Price: 1 BNB = 1,000,000,000,000 + +Liquidity Lock: 95% (maximum allowed) of raised presale funds will be automatically added to liquidity & locked for 4 years with DXLocker + +🟠 TOKENOMICS 🟠 + +Total Supply: 1,000,000,000,000,000 + +Presale: 500,000,000,000,000 50% + +Liquidity: 250,000,000,000,000 25% + +Burned: 152,500,000,000,000 15% + +Marketing & Giveaways: 50,000,000,000,000 5% + +Team: 50,000,000,000,000 5%. First 50% of team tokens locked for 3 months & second 50% locked for 6 months via DxLocker. + +Team tokens lock link: [https://dxsale.app/app/pages/dxlockview?id=0&add=0x6CBf326fB2F2bca9E124fCA98Bb773cbebFB0720&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x6CBf326fB2F2bca9E124fCA98Bb773cbebFB0720&type=tokenlock&chain=BSC) +She's in her early 20s and needs a car to help her get around while going to school. My parents have helped me and my older sister out with loans and now are unable to get anymore. I'm already paying off over 200k in student loans and I'm nervous this will come back to bite me in the ass. However, I want to help repay the favor my folks did for me since they cannot help the youngest one. What would be the best way to go about this if I were to help her? Should I even help her? Any advice would be awesome. + +EDIT: Thank you everyone for your excellent and helpful advice on my situation. I spoke to my sister after carefully going through your posts I got her to agree to get a much cheaper car (3-5k range) and to pay for it out of pocket. I explained to her how shitty it is to be in debt and to avoid it at all costs. She seemed to understand and happily agree and she's now online looking for a much more affordable car. Thank you thank you everyone!! I've also made a mental note to never co sign on a loan... Just a horrible idea all around. Now if someone can give me advice on how to pay off $200k in student loans on a $72k salary that would be also super helpful. Thank you!! +To the mods: I apologize for posting this repeatedly as I keep tinkering. This will ^(probably) be my last attempt. Thanks for bearing with me. + +**** + +The tool: https://docs.google.com/spreadsheets/d/18djzfswDcCBcbTNotGX_17hiR2GDE4L7TpHMqjWAtJE/edit?usp=sharing + +[As I've already tried to establish](https://www.reddit.com/r/financialindependence/comments/goilqx/mythbusting_fire_taxes_why_effective_tax_rates/), when deciding between Traditional (pre-tax) or Roth, it's important to compare your current marginal rate to your best estimate of your retirement marginal rate. + +This tool uses the methodology in this Bogleheads wiki page [here.](https://www.bogleheads.org/wiki/Traditional_versus_Roth#Estimating_future_marginal_tax_rate) This tool should accurately estimate your federal marginal tax rate in retirement up to an AGI of around 200-250k (it doesn't account for NIIT, and I assume if you're planning to retire with an income of >200k you can afford a financial planner to do the detailed math). + +I've tried to make the instructions, assumptions, and limitations as clear as possible. + +Below are some examples of how the sheet can be used. + +**** + +A 20-year-old singleton making 85k gross has a 401k with 25k in it and a taxable brokerage account of 5k. They're looking to save 20k this year and want to know whether they should use Trad or Roth. They plan on retiring at age 50. This is what the tool reports as [This Year's Recommendation](https://imgur.com/zGjfNnc). + +In the Outputs, we can see that the current accounts (401k, brokerage) will grow to 108k and 20k, respectively. With a 4% withdrawal from the 401k and a 2% qualified dividend yield from the brokerage account, they're in the 0% bracket because they don't even make enough income to clear the standard deduction. At this point, making a Trad contribution defers 22% (their marginal rate) and gets withdrawn at 0% (their estimated retirement rate if they make no additional savings). + +But what if they do make additional savings? For this, we look at the [Future Year Projections](https://imgur.com/YpOmshy). Here, we look at the case where the singleton continues to make 85k through their career (in real, inflation-adjusted terms) and continues to contribute 20k to pre-tax and 10k to a taxable brokerage. Note a few observations: + +1. At age 20, the projection matches This Year's Recommendation. The current marginal rate is 22% and the expected retirement rate with no additional contributions is 0%. +2. If they keep making these same contributions until age 50 (retirement), their projected retirement marginal rate rises to 22%, matching their current marginal rate. In the later years, they could stop Traditional contributions and have the Trad 401k rise in value until the withdrawals fill up the 0-12% brackets. +3. An awful quirk of the tax system leads to a "[tax bump zone](https://www.kitces.com/blog/long-term-capital-gains-bump-zone-higher-marginal-tax-rate-phase-in-0-rate/)" where the marginal rate in retirement will be 27%. This is because ordinary income in retirement in the 12% bracket is pushing capital gains out of the 0% bracket and into the 15% bracket. Every ordinary dollar earned in the 12% bracket is not only taxed 12%, but also causes another capital gain (or qualified dividend) dollar to be pushed into the 15% bracket, for a net marginal rate of 27%. This effect goes away once all capital gains (or qualified dividends) dollars have been pushed into the 15% bracket. + +Here's an example of what happens when the user switches from Trad to Roth at age 36: https://imgur.com/9n4ncWv. Unless they do something, they are expected to be in the "bump zone" throughout retirement, which is suboptimal. Any extra 401k withdrawals or side gig income sees a marginal rate of 27%. If they instead continue to contribute to Trad until age 43: https://imgur.com/rfaPHS7. The account will now grow large enough that all qualified dividends are "pushed out" into the 15% bracket, dropping their marginal rate back to 22% in retirement. + +**** + +Finally, let's look at the canonical exception to the general wisdom that you should contribute to Trad when your estimated marginal rate is low: the medical resident. This worked example shows why medical residents (and folks in similar income trajectories) are an exception to the conventional wisdom. + +Here, we have a medical resident who makes 55k/yr and can save 5k/yr during residency. Afterwards, they'll earn 300k and be able to save 100k/yr (40k into pre-tax accounts such as a 403b and 457b and 60k into taxable). First, we can see the Warning box has popped up. If they save the entire 5k in Trad, they'll drop into a lower bracket, so they should be mindful of that. We can see that if they follow the conventional wisdom and contribute to Trad in residency, they still end up withdrawing in the 24% bracket in retirement compared to the 22% they were in during residency: https://imgur.com/QNus3ho. We can see that by contributing in Roth during residency ($0 in pre-tax from age 25-29) they can pay 22% and save 24% down the line: https://imgur.com/rfCw5fX. +All sorts of random people have been asking me for help on getting into crypto lately. They bring up the topic with their minds already made up to 'finally buy that bitcoin everyone is talking about.' They ask me how they can get it or what I recommend buying. I happily answer their questions. Then they ask, "So it's like some kind of currency, right?" + +Now, you don't need to be some hot shot expert in cryptography, finance, or IT to be allowed to buy a crypto coin. I'm not actually concerned about the virtue or intentions of newcomers. I'm concerned about how a sizeable percentage of the current market doesn't know what's going on, and I think that's dangerous for everyone involved. + +At this stage, those who into crypto now who are tech illiterate and/or without any prior experience in investing (of any kind) can really only depend on other's doing all the thinking for them. Many of these people have never even *seen* a a real exchange before. Stir that in a pot with the "twitterization" of news, rumors, and gossip in our modern culture. Those who don't make decisions for themselves are a powerful force in this highly volatile market. There's a lot of money on the line, and this is scaring me out of crypto. + +Some crypto supporters claim this is happening because "The people have spoken, and they are sick of oppressive fiat currencies." I'm sorry, but I don't think any of those people that are coming to me and asking what coins they 'need to buy' are the type to have tracked the LIBOR index or the USD to Argentinian Peso rates and see a crypto as a viable solution to a particular problem they've been pondering about for years. + +I think many crypto users are overestimating the amount of sharp, powerful, and rational wall street bankers in the market and are underestimating the vast population of the average, uninformed, and inexperienced Joe. How can you see the recent surges in price and just think "yeah, that's money from wall street flowing in," when you there are ordinary people who just got into crypto a month ago all around you and your social media platforms? + +Bitcoin mania is a warning sign to me. It made me re-evaluate the investment risk in buying coins from red to red hot. + +The amount of red flags I see is above my tolerance, and I've already decided it's time for me to start to gtfo. At the least, it will spare me from being asked: "Where can I get it? I want to get some for the future when it hits big. It's like a kind of currency...right? Do you think it's going to keep going up?" + +Anyone else surprised? The macro economic factors look bleak. The nasdaq sold off like crazy, including Apple, ostensibly the top dog. One of the “most promising” crypto projects outright failed, alongside its stable coin. A stable coin failing breaches a lot of trust. That and Kwon sold off a ton of BTC (or so I believe, correct me if I’m wrong). I’d expect us to be lower right now. + +I’m not saying we’re out of the woods yet. The first signs of Bear Stearns failing happened several months before the whole equity market collapsed. I’m not saying that this will happen, but I’m not naive enough to think it can’t happen either. + +After consulting my crystal ball, I definitely think the crypto market will trade down, up, or sideways from here. + +Why do you think the market is holding up? Do you also think that we should be trading lower? +Yo, apes, we need to talk. My future wife's boyfriend is getting upset. TLDR at bottom (and graph just above that), but I really hope you do read this post and try to get a bit more informed about OBV. + +I just wanted to create a post about OBV. To preface, I am by NO means a stock market guru, but I do believe indicators have their place only as long as they are interpreted properly. I've been seeing a lot of posts lately about OBV and how nobody it shows nobody is selling, etc. Although well-intentioned, many of these posts are spreading misinformation, and I'd like to provide (sorry) some counter-information. Note that this is not counter-DD, because, well, it still supports that apes strong together. + +Let's take a step back and start with the basics of OBV: + +**What is OBV? (**[**https://www.investopedia.com/terms/o/onbalancevolume.asp**](https://www.investopedia.com/terms/o/onbalancevolume.asp)**)** +"On-Balance Volume is a technical indicator of momentum, using volume changes to make price predictions." +To put it simply, it is a **cumulative function** that goes up by the volume when the **candle is green**, and down by the volume when the **candle is red**. Let's talk about two import parts of this phrase: + +1) Since OBV is a **cumulative function**, its value is going to depend on where it starts accumulating. I like examples, so let me share a couple: + +Pretend we did 10 volume today, and we closed higher than we opened. The OBV, if we start from this morning, is +10. + +Pretend we also did 5 volume yesterday, and we closed lower than we opened. The current OBV, if we start from yesterday morning, is -5 + 10 = +5. + +That's two different values just based on when we chose our starting point. + +A lot of the OBV posts are showing how nobody sold from the January run-up. Yes, we have diamond hands, but keep in mind the knowledge we have now simply was not as widespread back in January. I want to jack tits, believe me, but a misinformed interpretation of OBV isn't going to help us out. Justifying the current OBV from a starting point in January is going to be prone to error -- major events (such as the January run-up) can significantly throw off OBV. Directly from investopedia: "*Another note of caution in using the OBV is that a large spike in volume on a single day can throw off the indicator for quite a while. For instance, a surprise earnings announcement, being added or removed from an index, or massive institutional block trades can cause the indicator to spike or plummet, but the spike in volume may not be indicative of a trend.*" + +Further, I've seen some discussion/DD where comparisons were made in terms of percentage change, i.e. between stock price % change and OBV % change. If you include the January spike, OBV is sky-high. Once OBV goes sky-high, any remaining % changes will be negligible because the denominator will be extremely large. For example, a change of +10 for OBV when the old OBV value was +5 would be calculated as (New-Old)/Old, or (15-5)/5 = +200% (Note that new = 10+5, old is 5). But if we had a change of 10 when the old OBV value was 10,000, (New-Old)/Old would be (10,010-10,000)/(10,000), or 10/10,000 -- which is hardly anything. So again, doing such a comparison is doing a disservice to our collective knowledge. + +2) Let's also talk about green candles and red candles to explain OBV. A lot of people seem confused about what a green candle and a red candle means - it does not mean there was more buying pressure or there was more selling pressure. A candle is literally like those box-and-whisker plots we did back in school that have two stems and a bar area. The tips of the stems are the low and high for a period, and the bars are the opening and closing price for that period. If you are looking at each candle being 4 hours, or 1 day, each bar will represent the information for that 4-hour period, or that one day. **The color is only indicative of whether or not we closed higher or lower than we opened for that period. It tells us nothing about buying and selling pressure.** I have seen a lot of people mention that "there were a lot of sells during that period" or "there was a lot of buying in that period." + +Let's be clear: 1 sell = 1 buy. Candle colors do not tell us about buying or selling pressure. It is just close-vs-open value. + +Now, with the above two points out of the way, let's talk about the OBV and where it is today. If the OBV is prone to error by large volume spikes (e.g. January), it would be better to consider OBV from a subsequent time period. I would argue that any time during the February dip would be an excellent starting point. We didn't have any hugely significant spikes since then that would completely bias our OBV. By using February as a starting point, we are also approaching the OBV indicator much more conservatively -- that is, **we are assuming that there were no diamond hands from the January run-up.** This is a huge assumption (and we know it isn't true), but we ought to appropriately and informatively jack our tits. + +Below, I've mapped the OBV over time from the February doldrums to present day. I normalized the OBV so the low value coincides with the lowest point in the stock price, and the high of the OBV is tied to the highest price. + +[OBV, a cumulative function starting from mid-February through today](https://imgur.com/a/ZENirDv) + +Guys, there was some selling off back in March, and we can see the OBV line does trend with the stock price at the time. But how much of this is from SHFs vs retail, I won't pretend I can interpret. But fear not... + +Let's look at where we are today. **Again, ignoring all diamond-hands from January, which only furthers our rocket ????????????**, our OBV value today is **consistently** around our first peak to 350 in March. Do you see the continuous increase in OBV from the end of March through the first week of June, and the continued support since then? **We are sitting at the same OBV as the $350 spike in March, but we have a stock price of only $187. Additionally, consider that we do have a positive OBV impact since January, and besides the gain in OBV we've had since February, there has been an absolute gain in OBV between December and February (not charted), and you'll see our pressure on the stock is through the roof.** The coil gets wound harder and harder and the clock keeps ticking. *This jacks the tits.* + +**TDLR:** As you can see, even with a conservative approach that tries to remove the January bias, OBV indicates bullish sentiment on the stock. Keep in mind that OBV still includes all of the garbage wash sales and sales of rehypothecated shares that SHFs have been throwing into the market, yet we are still coming on top. + +As a side note, we also have other excellent DD covering other bases and aspects that shows Hedgies R Fuk. It's important to not just rely on one indicator, but rather a combination of indicators, to better understand the bigger picture of what is happening, and it's beautiful when the interpretations of the various indicators converge. (FYI, I do think that Fidelity's hugely tilted buy/sell ratio is another indicator we can use to show retail sentiment backs up the above OBV analysis.) + +Thanks for reading, be zen, hope this helps apes stay informed, and see you on the moon. ???????????? + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +Ok so they pay a little more interest now. People say as rates go up people buy more bonds and dividend stocks and REITs suffer as investors move towards bonds. + +BUT... + +Why would anybody in their right mind buy a 10 or 30 year government of Canada bond right now? You get an interest rate payout below inflation and taxed at the highest possible rate. At the end of the term you get your principal back-except that inflation has destroyed its value. + +Meanwhile a good blue chip dividend stock will have almost certainly appreciated in value, the dividend payment probably increased and is more tax efficient. + + +I can see bonds having their place to preserve wealth but really fail to understand how anyone would want to shift from dividend stocks to bonds. +Dumb me thought the RRSP contribution timeline goes from Jan 1st - Dec31st of the year. Turns out it's from **March 2nd of the tax year (2021)** to **March 1st of the NEXT year (2022)**. + +So long story short, I over-contributed $13k+ to my RRSP on Feb 28th 2022 via my employer's RRSP plan. Later I realized my overcontribution and I'm just trying to figure out how to fix this. + +Here is what I found out from researching online, but I would love it if someone could confirm: + +**Options** + +1. Immediately withdraw the over-contributions. I will get taxed on this withdrawal, but I can file it in the next year's (2022) tax filing as a RRSP contribution, meaning I will get the taxes back in 2023. +2. Keep the overcontribution in the account and pay the 1% penalty fee / month (comes out to around $130 CAD) for each month of 2022 tax year (March 2022 - Feb 2023). Over 12 months this comes out to $1,560 in penalty fees. I will also have to fill out a form (not sure which one) for 2021 tax year filing, I believe. + +I'm not sure if my knowledge of Option #2 is correct. Do I need to pay penalty fees for each month of 2022 tax year? Or is it just 1 month (only 1 month left of 2021 tax year)? + +&#x200B; + +Thanks in advance +I bought them in the dip around $6.20 and now they’re at $7.30. I also work in pizza pizza ( as a cook 👨‍🍳 ) and I think they are doing okay in this time. I wanna know your thoughts about them. +As the title states, I’m looking for contrary opinions to the SCR as all I’m seeing is positive. + +Yes there’s the risk of the bill not passing. Other then that, is there anything that should be watched out for as the SCR trucks along? It’s had a huge run up and a subsequent pull back. I do believe it could pull back to 1.8 range and that wouldn’t be crazy. + +Anybody here a bear on sports betting in Canada or the Score being able to capitalize on it? + +Keep in mind PENN owns 4.7% and I’m optimistic they will want more as Canada legalIzes +I've got Cdn bank stocks and decided to buy them instead of the ZEB ETF, based partly on the MER being .60. But I've just read (globe) that they are reducing the MER to .28. + +So is this now worthwhile? Save on fees buying in with QT and would be an easier Drip. I wouldn't bother selling what I have, but is this a decent buy going forward (I like Cdn bank stocks). +After reading on the subject for a while, i'm still unsure as to what is the future of our oil market. Some people say that right now is the best time to "get in" because the share price are so low and because we are due for a turn around in that department while other seem to think that this market is just going down forever. I would like open a discussion base on general aspect of our future, from our need of oil to Trump who apparently wish for crude oil price to remain as low as possible. + +As for myself i had 2 company in mind, the first one being Suncor who seem very solid and the price of there share, without being at an all time low are attractive for a newbie like myself. The other one is a bit more tricky. Tourmaline (tou.to) is at an all time low but as been going down steadily to the point where i wonder when it's going to stop. + +How can oil company bounce back? i mean is it possible for them to bounce back at all or do we have to get use to the low price of their share. Is there still room for growth? +As the universe of bonds renew with new rates and coupons, would the distribution amount increase? I think it has always been .04. Currently near 4% and historically 3.2%. Portfolio term us 7.8 years, so by half way there it should turn around. + +I am happy to hold for the next 4 years, reinvesting, and DCA now and then in my TFSA. +Hi guys, + + +I am 24 and looking into getting my first health insurance coverage. Wanted to get some opinions on whether or not it is worth it. Extras vs. hospital + extras vs none etc. + + +Thanks for your help! +Im a physiotherapist and i pretty much get jack all perks in my job but i do meet loads of people some are really interesting.... + +I had a patient the other day who said his wife had been given business class (for the whole family) tickets to go speak for a few days at a University in Europe (I think Holland). + +The return date was up to them and the days the wife was speaking the family would be put in a 5-star hotel and everything was paid for during that duration food transfers etc. + +My patient said he was very lucky his wife does this at least once a year and he and their son often got and treat it as free holiday whilst he wife is working. He said they usually stay an extra week or two so his wife can also enjoy some time in Europe before returning home. The best part was his wife also got paid loads of money to do it he said!! - i told him well done that is awesome! but if im being 100% honest i was jealous af... + +I had another patient last week tell me a friend of hers (husband and Wife couple) are owners of some big shot business in the city and as a 'thank you' to the general manager they brought him a 200k car (not sure what brand but i'd say it was a merc from what he described). + +I appreciate im lucky to have a job and all that jazz but it got me thinking what have people here got for free what amazing perks do you get from work as a 'bonus' that wasn't necessarily part of your remuneration structure. +I have just gotten out of a domestic violence relationship +I have a full time job on 80 k a year including super (32 female) +I have a little dog who is extremely low maintenance however, is not good with other dogs which means I cannot share a place with any of my friends. + +I do not have evidence of rental history although I’ve been paying rent to my partner and was financially abused. +I don’t know how I got to this circumstance, I just trusted the person, I have hope someone will understand this and give me a shot and I can show them how reliable I am + +I am happy to pay some advance to also demonstrate this. I work hard and I’m very driven. + +I have work references,personal references and can show I have a large sum of savings under my belt + +I have no debts at all nor dependents + +I am looking for a rental around 350 per week with small yard or concrete slab outside for my dog + +Something that is somewhat near public transport in some sense as I left the car amongst other things behind + +Please be kind, all my things are in storage and it’s been a long and rough process to even just get out safely +With record low levels of sharehousing, people wanting more space and fewer housemates after lockdown experiences. Australia's rental vacancy rates are at record lows, particularly in Melbourne. This is with negative immigration rates. + +Once immigration ramps up to normal levels in 2024, I would expect this to increase the pressure to buy housing, particularly from young couples who moved in together after the lockdowns. There's also an added incentive for rental returns on investment properties. + +I can't see any other outcome but housing prices taking a sharp turn upwards. With many in this segment priced out of houses, and the investment yeild on units increasing with rental prices, units and apartment prices are likely to get a big boost. Offset somewhat by interest rates. +I’m a financial controller of an asx200, fairly well paid (~300k) but I work until mid night and half the weekend. + +The issue being the business doesn’t want to hire many Senior leaders and there are a couple who aren’t pulling their weight. Plus lots of projects and M&A. + +Im seriously considering stepping down (to another organisation) inc taking a pay cut because it doesn’t seem worthwhile for me or sustainable. + +Talking to people it’s mixed messages. Some say my job is not normal others say in finance you’re either all in or all out (I.e work hard get paid well, or no stress and cost on far less). The problem with the latter is per hour you’re actually not earning as much. + +So my question is if you are at that level how many hours do you work, particularly if in a listed environment. + +Apologies this is my first post so let me know if I’ve made any rookie mistakes or you have any questions. +I’m really struggling at uni at the moment. Studying online has left me feeling a little lost and on my own. I can’t get consultation times with lecturers outside their designated time, which don’t work for me as I work during the day and the times clash. I also feel like I’m no longer able to give 100% to uni. However, I am enjoying my relatively new job (part time personal banker at a big 4). I’m jumping on every opportunity they throw at me and I’m thoroughly enjoying the job and the opportunities an industry like this offers. + +I’d like to hear from anyone who deferred uni (for whatever reason) for a full time job. How’s the career progression going? Did you regret it? Did you ever make it back to uni after starting full time work? Thanks +Lots of talk about how to react to today's 3 month/10 year yield inversion and that a recession will be imminent in the next 12 - 24 months. + +While that is quite possible, I implore investors to take yield curve inversions with a large dose of patience. You don't need to move your money on Monday, or even next week, or even next month. + +While this a bit of pattern seeking that may not hold up again, I do ascribe to pattern seeking more than "this time it's different". Those are always famous last words at the end of bull markets. + +Anyways, see the following 3 month/10 year curve and corresponding S&P 500 futures movement. + +https://fred.stlouisfed.org/series/T10Y3M + +https://finviz.com/futures_charts.ashx?t=ES&p=m1 + +You will notice a few things. First off, is the possibility that a short term inversion can happen and not spell any doom. There were very brief inversions that took place in September 1998, April 2000, and January 2006. In the case of 98 and 2006 there was considerable appreciation in stock afterwards. In 2000, April would have indeed timed the high well but there was a considerable distribution phase if you waited for more considerable yield inversion. + +You will notice that a better signal is to wait and see a bit with the yield curve. Typically the recessionary signal will see an extended inversion that is deep and lasts for several months, then as the curve steepens again recession hits. Waiting as much as one month for full inversion will give you higher confidence in the signal. This gets you out in August 2000, and August 2006. + +Corresponding with a move to bonds, waiting for a full month does seem to lose some appreciation in capital values, but you will still make out well with a bit of delay in transitioning to a risk-off strategy. + +https://finviz.com/futures_charts.ashx?t=ES&p=m1 + +So looking at the present day, we have the following factors: + +Large transition into bonds as investors go risk-off for a Brexit that may not actually happen + +Possible US-China trade deal as soon as April + +Fed that has made a commitment to a more dovish transition the remainder of the year. + +While all these factors may end up being too little too late to prevent an extended inversion and recession, I believe it is certainly prudent to give such scenario's a bit of time to play out. Any quick movement on a trade deal or Brexit news could quickly make this inversion look more like 1998 than 2000. I do think the Fed is a bit too little too late on the dovish turn, but we shall see. The tech bubble was ultimately kickstarted in 1998 when Greenspan lowered the FFR in response to flat yields. Today's Fed is not taking an accomodative stance to that degree. + +The reasoning for recession with yield curves is a rather simple one, there's no term premium for bank lenders and this dries up lending markets. Think of it this way, if lending dries up for a few days it's not a huge deal. If lending dries up for a few months, that is what causes a lagging recessionary effect. + +In any case, this is just to reinforce that you should not panic and give yourself time to rationally make adjustments to your portfolio, if any at all. + +It's also important to note that I believe such a strategy did not work out well in 1990 to my knowledge. So depending on your timelines and risk dependence, certainly there is no guarantee that stocks see an extended decline you would benefit from avoiding. I believe the 1990 bear market was rather quick and shallow, just slightly worse than what happened from October - December 2018. +so i have the amazon card which gives me 5% back + +say i buy the 200$ visa giftcard for 207$ + +i will get 10$ back + +i add the visa as payment option on paypal, and venmo my friend the 200, and he gives it back. i transfer from venmo to my bank. + +i then pay of credit card and repeat. i will make 3$ every time i do this. or 1.5%. i could realistically do this every few days. + +there is no sales tax. + + +some one tell me why this is not ez money????? +http://www.bloomberg.com/features/2016-etf-files/ + +Pretty interesting and accessible article outlining how and why ETFs were first conceived and introduced, with a focus on SPY. Also gives some basic background on exactly what ETFs are and how they work. +EDIT4: Fuck this entire post. It pisses off too many people. Instead go to u/Zero_Talents post from literally yesterday here: [https://www.reddit.com/r/Superstonk/comments/tu02lk/hot\_take\_the\_stock\_split\_dividend\_announcement\_is/](https://www.reddit.com/r/Superstonk/comments/tu02lk/hot_take_the_stock_split_dividend_announcement_is/) + +He puts what I am saying way more eloquently and apparently less angering. Unfortunately his post didn't get as much attention as mine. So ignore this post and go read his post instead. + +# So, no float locking? + +First, I thought, like most apes here, that the main goal of direct share registration is locking up the whole float to expose the crime on wallstreet, drying up liquidity and let the derivative market collapse. But recent events/announcements changed my mind. + +# The 2021 vote + +One year ago, I read about the shareholder's meeting on 6/9 2021. As a naive dipshit I was thinking if there are way more shares floating around that there should be and every shareholder would vote at the shareholders meeting, GameStop's bosses would be like: "whoa, guys we have way too many votes, we should have 74 million votes at most, those are way more than 74 million, we need to resolve this to have our elections" and then they would call the Wallstreet fucks to resolve this, triggering MOASS. + +Unfortunately, this didn't trigger anything, but I learned something interesting. + +1. It turned out, that "100% voted". Well, that's impossible since I know that I didn't vote. I live in Europe. I own a bunch of GME and I wasn't allowed to, although I was harrassing my bank over the phone for days. To me it was confirmed, that there were indeed more shares, than there should be. +2. It seems like in overvoting situations, GameStop bosses are only allowed to count up to 74 million of the votes and then stop. (I do not have a source for this, though. Please hit me up if you have something, or can debunk this, since this is integral to my thesis.) + +Well, this brings up a ton of questions. In what kind of legitimate and fair election is the vote count stopped at a certain amount of votes? What happens to the rest of the votes? Who get's to decide which votes count and which do not? Are some types of share owners prioritized over others? Are institutional votes counted and retail votes discarded? + +Here's what I've concluded and why we had to and still have to DRS. + +# THESIS (and also TL;DR) + +In overvoting situations excess votes have to be discarded. I assume, that some types of share holders are priorized over others and I do not think retail share holders have that prefered status. **Direct registered shares on the other hand are the most plausible ones to have guaranteed voting rights.** Apes ensured through DRS that their vote is guranteed to count. + +# MOASS triggering business decisions + +MOASS triggering business decisions, like a stock-split dividend, have to be voted for. SHFs would and probably will do everything in their power to influence and sway this election to "NO". Now, with DRS, we have 10 Million guaranteed votes for "YES". With the shares from Ryan Cohen and his board members, this election can be won. + +# Vote "YES" on the stock-splitt and on MOASS + +Apes of reddit. I am asking you to say "YES" to MOASS. + +Apes that have already DRS'd their shares: vote "YES" on the stock-split. + +Apes that haven't DRS'd their shares: DRS your shares and then vote "YES" on the stock-split. + +**Make your vote count.** + +&#x200B; + +EDIT: Some people seem to think that this "Post seems like low key fud trying to get people to slow down DRSing". To which I say: I want the exact opposite. Everybody should DRS ASAFP, so your vote can still count before 6/9. This is a little over 2 months. That's not a lot of time. DRS like your life would depend on it ffs. + +EDIT2: Other people think I am saying DRSing for 100% locked float and DRSing for the votes are mutually exclusive. I never said that. All I was saying is that I feel like the main objective of DRSing was and still is for retail to get control over the election. Not just to get 100% and see what happens. I am still all for 100% locked float. Also: 100% locked float would mean 100% of our votes count. That would be a great thing. + +EDIT3: Wow, I am getting a lot of shit for that opinion piece. I assume people are pretty fed up, because I left out a crucial detail. **I am arguing from a Ryan Cohen point of view.** To me it seems like RC wanted us to DRS. At least that's how I interpreted tweets and the fact Gamestop published DRS numbers twice now. So, the question I am asking is, why would RC want us to DRS? Before the stock-split announcement I assumed it was to lock up the float to expose the crime on wallstreet, drying up liquidity and let the derivative market collapse. Now I think, that he might have had something else in mind all along. This exact vote. (If there even is one. u/Colonel_Lexx pointed out: "Shareholders are not voting on the stock split/dividend, the BOD will vote \[...\]". I am still looking into this. If this turns out to be true, consider my thesis debunked.) + +EDIT5: I could neither confirm nor debunk that the BOD will vote for the stock-split. I will have to leave this up to the adults and the wrinkle brains. +Hello all. I'm a long-time reader, and I'm about 6 years from a very lean FI. My income hovers around $100k and my savings rate is 50-60%. + +I recently got a lump sum investment back from a real estate venture that was very successful; for simplicity, we'll say I have 100 units sitting in my savings account right now. Obviously that's a terrible place for money to be, but I need to keep some of it there to continue to invest in this real estate project. 100 units is excessive though, so I need to put a lump sum somewhere it will be working for me. + +I know the standard answer is: low expense ratio index funds; don't try to time the market. And I get it, I really do. I even read JL Collins' stock series column on lump sum investing in a bull market (TL;DR: do it). + +However, I am REALLY dragging my feet on putting my cash in the stock market right now for a number of reasons/excuses. (1) I make most of my capital gains in real estate, where cash is king; (2) there is a raging bull market right now and I think it can't be trusted; (2a) Donald Trump might stumble into war with North Korea or China, collapsing the stock market without causing armaggedon; (3) my FI timeline of only 6 years makes me somewhat distasteful of risk. + +I think I'm going to bite the bullet and invest 40 units in the market, saving the rest for future real estate investment. I'm hoping for feedback on the wisdom or stupidity of that plan and feedback on my allocation. To diversify and stay away from the US market, my proposed allocation is: + +* 20 units: Vanguard total international index +* 10 units: Vanguard total stock index +* 10 units: Vanguard total bond index + +Thanks for any feedback! Y'all are a bad-ass community! +Anouncement: + +https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program + +&nbsp; + +Imagine being Gamestop right now and knowing that a squeeze was coming but you weren't going to be able to capatalize on the event in order to grow your company even faster. Imagine then you file for the right to be able to sell 3.5m shares "at-the-market" that would be available to you when this finally goes down. They are going to make this the strongest balance sheet ever seen. + +Also to those worried in general the 3.5m shares is around a 5% dilution and the price as I speak is down 13% in premarket. You understand that this would make your shares worth 5% less over a period of god knows how long for them to sell these shares. We are getting a discount today and I for one will be buying the dip. + +&nbsp; + +If any of this is incorrect and it would not be possible for these shares to be used in this way please let me know so I can edit the post. Thanks! + +&nbsp; + +EDIT: The raising is also for a maximum of $1 billion so if this thing really does take off they aren't even going to need to sell that many shares. I would say they announced 3.5m to be on the safe side and ensure they have enough cash to really accelerate things but hoping they won't need to use it +So I'll be blessed with another child soon, so now I need to extend to add another bedroom as we already have kids sharing (2bed semi) + +We don't want to move as we live close to parents and friends, like area etc. + +I have about £25k in Vanguard and plan to remortgage for the remainder. I'll still have 6months emergency fund in chase/premium bonds. + +What I'm after is, is this a good idea what are peoples thoughts? + +I know I could borrow that £25k extra and keep it in my ISA but this would push me in to the 85+% LTV bracket, where as using my ISA I should be able to stay in the 75% LTV and get a better rate for the next 5yrs and after. +Yet comments per day and general engagement remain extremely low. Embarrassingly low. + +If you browse this sub even a little bit, you know the problem is the mods. + +Remove redtexture, hell go ahead and remove another 5 random mods while you're at it, and get the sub back on track. + +I would like to add, just so that nobody is confused. This is *not about the automod or filters*. That might be a big problem too, but that's not why I made this post. + +Let me repeat it, so everyone is clear. **This is not about the automod or filters**. This is about mods manually removing posts that do not deserve to be removed. + +Thanks! +I have been experimenting with buying puts at open on the stocks with the most gains pre-market. This week I was 6 for 6 on being able to exit with a nice quick profit within an hour or two of open. Even in situations where the stock price didn't drop again after open, the put bid still went up as the day went on. I have been buying single puts as tests this week, but am thinking about stepping up my buys a bit. + +Does anyone see any glaring faults with this strategy? + +Update 6/21: This worked again this morning on 2 puts on RAVN. Stock jumped 49% pre-market on acquisition news and has been locked at the new price all morning. Both puts still increased. Bought for $26.21 and sold to close for $38.62 so 47% profit in under 2 hours. I could of made an extra $20 if I held out longer, because both puts went higher, but profit is profit. + +Update 6/24: Hit another 86% hour long buy/sell on ARAV. I am going to start scaling up a bit on these to see how many will actually move. + +&#x200B; + +https://preview.redd.it/76d4wmjpc9771.png?width=941&format=png&auto=webp&s=6ea9b9bbd2f8355bd2942288789d25e21066c146 + +&#x200B; + +https://preview.redd.it/0lawh6rw2n671.png?width=945&format=png&auto=webp&s=9aca88067c533f906b2874e501a23f35b42c9307 + +https://preview.redd.it/qd710ytdp4671.png?width=928&format=png&auto=webp&s=0f0906a062fdf29bcc87b036aea4548e3ff045a9 +Hey UKPF, + +Hoping someone more in the know can offer me some advice as I'm absolutely without a clue how to proceed. + +In Feb I offered 240000 for my first home with a mortgage offer secured by NatWest for 186000. Following surveys in April that purchase price was changed to 236000. +I then rang NatWest to confirm the purchase price was changing, I was told this was no problem providing I remained with the 20percent deposit bracket (I would be). +I have received no further confirmation from NatWest. + +Fast forward to this week and my conveyancer's have requested an email/confirmation from NatWest that the purchase price has changed as the final tick in the box before exchange. + +I ring and am told on Monday that won't be a problem as the change in purchase price is logged on the system and to expect it within 24hrs. +On Tuesday I'm told it's been escalated to case management due to the time pressures. + +Finally, yesterday I'm told that my mortgage has been denied due to insufficient credit to change the purchase price again. Somehow the underwriters either haven't logged the change in April (even though it was on their system) or have decided not to honour it and are now rejecting me. + +It's worth noting there has been no change to my credit situation having checked two of the major credit agencies. + +Obviously this is going to cause my 6 month sale to fall through with the delay in reapplying for another mortgage (2 month wait time), on top of the money I have paid solicitors and surveyor's. + +Do I have anything I can do to influence the situation and what are my options going forward? + +Thanks so much for any help. +My fiancé and I are first time buyers; living in rural Scotland with my parents, waiting for property to come onto the market. We've been looking since the end of 2021. It's a highly competitive area for buyers, and at the moment we're only seeing one new listing on Rightmove every 2 weeks. A house is sitting on the market right now for 320k and it ticks every box for us. It's a dream house. We bring home a combined salary of £73,000. This will rise to north of £80,000 in 2 years. + +We having £30,000 in the bank. We had considered using the first time buyers deposit of 5%, but appreciate this is not usually encouraged. Our parents would contribute a small sum if we asked. + +We bring home £4100 each month. Mortgage calculators suggest monthly repayments of £1950. With consideration to all other monthly bills (and rounding up for safety), our total expenses sits at £3000, Leaving ~£1000 monthly savings. + +This is all very new to us and I'm not sure what is acceptable and what isn't. Post tax, we'd be sinking nearly half our monthly income into a mortgage - is that normal? I know no one can predict the future and interest rates may continue to rise, but we can't live with my parents indefinitely, we need to get onto the ladder. A smaller property is the obvious suggestion but they are so few and far between here.. and this 320k house would be a forever home. I'm worried my desire is clouding my judgement. Are we financially equipped for this house in this economy? + +I've typed this out in a hurry so if I've missed out any important information let me know. + +Thanks in advanced for any input. + +Editted for grammar. + +**2nd Edit: I have learned that a fixed rate of 5.5% on a 35 year repayment plan would make the mortgage closer to £1550 per month. So 38% of our income. Leaving roughly £1300 leftover each month. It's a late edit, but I wonder if this is significant enough to change some of the more cautious comments here?** +Apologies if this is the wrong subreddit, please point me towards a more appropriate one if so. + +I recently attended a job interview which went fairly well. The interviewer called me back and said that he was very impressed with my interview and wanted to invite me in to have an informal chat about the role and meet the team. He didn't specifically say that he was going to be making me an offer. + +Any idea what this could mean? The organisation is fairly reputable so I'm not too concerned that they're going to move the goalposts, although of course that may be possible. Should I be preparing for salary negotiations, or do you have any other ideas as to what may be involved? Thanks in advance. +Ok ima just get to the point.... in ape form🤪🚀🦍 + +First and second “squeezes” (jan-feb) both happend the 26-27th🚀👀 + +DFVs tweet of space oddity, volume says “just up”then the countdown from 10 happens(we are 10 days since he posted that btw) 🌔⏲⏳🚀🚁 + +Ryan cohen tweets a flag at half staff that just so happens to line up with the bull flag pennant on the gme 180 day chart...🇺🇸🚀 + +Ryan cohen tweets a train coming, symbolizing that hedgies had enough time to prepare for whats about to hit them but decided not to⏳🚇🚀 + + +IM SO F-ING JACKED RIGHT NOW💎 + +This is purely speculation and im not setting any dates, its for you guys to decide. but idk i guess well see🚀🚀🚀🚀🚀🚀🚀 REGARDLESS APES, WE HODL!!!! +The squeeze is INEVITABLE🚀💎🙌🏻💎🚀👋🏼💎🚀 +I have seen a lot of people attacking Gavin Andresen lately, and it just does not sit well with me. It seems to me that the guy has done a huge amount of stuff for Bitcoin and does not get the appreciation he deserves. Instead I see people attacking him for what seems like no reason. + +Lets remember a few things. Basically nobody has been involved in Bitcoin for as long as Gavin. He was basically Satoshi's right hand man during the very early stages of Bitcoin. Without Gavin it would have been a lot harder to launch Bitcoin off of the ground. Satoshi gave him a lot of trust too, that tells you something. Heck Gavin could possibly even be Satoshi. I do know that it really seems like Gavin's opinions never diverge from Satoshi's. Gavin does not diverge from Satoshi's vision and I really respect and appreciate him for that. He has also put a lot of time and effort into Bitcoin in order to help it succeed, when it was not at all apparent that it would benefit anybody financially. He was volunteering his energy for free. + +Not many people have been bigger players in the success of Bitcoin as Gavin, yet now moneyed interests are trying to say you are not a player unless you have the money and capital to be a player. This is where they are wrong. Gavin and others show that all it takes is one developer and some time and energy to be a player. If only moneyed interests were players than one developer by the name of Satoshi Nakamoto could never have disrupted the entire global financial system with his simple invention. If Bitcoin becomes corrupted, or held back, or taken over by certain interests, all it takes is one developer to fork the code. Then the market can decide. This is the beauty of Bitcoin and decentralized, open source projects. + +To me Gavin has shown over and over that he cares about what is best for the Bitcoin community and following Satoshi's vision. As someone who believes in freedom and liberty, I feel a little more assured that Gavin considers himself mostly a libertarian and he even discovered Bitcoin while listening to an episode of the FreeTalk Live radio show put on by libertarians in New Hampshire. I find that those who believe in libertarianism and capitalism tend to be on average very good trustworthy people, charitible people, and smart people. Also this is a guy who also gave out thousands upon thousands of Bitcoin for free in his Bitcoin faucet. He does not seem like a greedy guy at all, but instead a really benevolent guy not looking for power. Notice he even gave away his position as lead developer. He could have kept it and maintained more power over Bitcoin, but instead he tried to spread that power out and decentralize it. Perhaps he wanted the community to be more in control instead of centralized individuals. I think this shows you a lot about the kind of guy he is. + +Probably there are people more educated than me about his contributions to Bitcoin, but I feel good vibes coming from Gavin, and I think we should respect him more. I think people should definitely stop attacking him. The best leaders are those who do not want to lead, because the ones who desire to be in leadership positions often lust after power. It seems Gavin is not one to lust after power or leadership, he even gave away his position as lead developer to Wladimir. This may have been a mistake. But regardless of that, Gavin still finds himself in a very powerful position for Bitcoin. Perhaps if we as a community rally behind him and encourage him to lead us and help us fulfill Satoshi's vision, then it would be better for Bitcoin. + + + + + +I just think it's funny how there was all this diamond hands hype during the 6 month bear trend in 2021 and then early in 2022 and now I haven't even heard the term "diamond hands" in months. + +Guess a lot of people had an easier time shit posting than they did actually hodling. + +Now that we're officially 1 year into the bear market, I just want to say congrats to the real hodlers. Keep strong... we probably have another year to go, if not longer... just remember these are the times that make you worthy of your stack. +Been dealing with an eating disorder keeping me fatigued and I haven't been able to get diagnosed yet because I lack insurance, lack an education, and it's tough to working a higher-paid labor job with this. I wrestled from 5 years young to 18 and started fasting to cut weight when I was 14. I didn't understand back then, and haven't seen a doctor even years later because of the incredible cost, knowing I'll have to pay out of pocket for multiple visits or for seeing different specialists. I'm fortunate for this amazing opportunity. And I'm positive I'm not the only ape who is waiting for the squeeze so they can finally get the treatment they need. 💎✋🦍🚀🌕 +Have you ever been to a Thanksgiving without gravy? I have, it was a few years ago and it was terrible! Anyway, I know everyone here is planning to retire early without even thinking about social security (making it the gravy). I'm still 35 years away so I know things will change for me. However, my parents and other relatives will be eligible in a few years and I'd like to be able to help them with a plan. + +I think if you don't need social security it should be taken at 62. Every year that you wait to collect it your payout goes up ~7%, but if you take at 62 and invest it and spend that money at 70 you'd theoretically have the same amount to spend (as if you waited until 70 to collect) assuming 7% returns. The difference here being 8 extra years of payments. So to be clear you get your annual payment and invest it for 8 years it would be the same amount of annual spending money. + +What are your thoughts? I know the situation will be different for everyone and I like the "guaranteed" ~7% of waiting, but since it's just gravy, I'd like to get some as early as I can. +In the past weeks I heard a lot pros and cons about IOTA, many of them I believe were not true (I'll explain better). I would like to start a serious discussion about IOTA and help people to get into it. Before that I'll contribute with what I know, most things that I will say will have a source link providing some base content. + +&nbsp; + +The pros and cons that I heard a lot is listed below, I'll discuss the items marked with *. + +Pros + +* [No transaction fees](https://iota.org/IOTA_Whitepaper.pdf) +* [Scalability](https://blog.iota.org/a-primer-on-iota-with-presentation-e0a6eb2cc621)* +* [No miners](https://iota.org/IOTA_Whitepaper.pdf) +* [Resistance to quantum computations](https://iota.org/IOTA_Whitepaper.pdf) +* [Offline transactions (partitioning)](https://blog.iota.org/a-primer-on-iota-with-presentation-e0a6eb2cc621) +* [Big team with specialized people](https://blog.iota.org/) +* [Non-profit entity recognised by the german govern](https://blog.iota.org/iota-foundation-fb61937c9a7e) +* Extending offices across the world ([Berlin](https://www.youtube.com/watch?v=_4QsrGF2VSw&feature=youtu.be&t=342), [Oslo](https://www.youtube.com/watch?v=_4QsrGF2VSw&feature=youtu.be&t=342), [Chicago](http://www.prweb.com/releases/2017/10/prweb14822551.htm), [Singapore](http://www.lattice80.com/2017/11/28/lattice80-and-iota-foundation-to-open-innovation-lab-in-singapore/)) +* [Partnerships with big companies](https://www.reddit.com/r/Iota/comments/7f3dmx/list_of_known_iota_partnerships_corporate/)* +* Real use case applications* +* [Hardware support](https://blog.iota.org/the-transparency-compendium-26aa5bb8e260) + +Cons + +* [Centralization](https://www.reddit.com/r/CryptoCurrency/comments/7hszom/can_we_please_have_a_technical_discussion_about/)* +* [Worst wallet (v2.5.4) in cryptospace](https://github.com/iotaledger/wallet/releases/tag/v2.5.4)* +* Not user-friendly yet ([address reuse](https://www.reddit.com/r/Iota/search?q=address+reuse&restrict_sr=on), [reattach](https://www.reddit.com/r/Iota/search?q=reattach&restrict_sr=on), [snapshots](https://www.reddit.com/r/Iota/search?q=snapshot&restrict_sr=on)) +* [Congested network](https://twitter.com/i/moments/939251289141186560)* +* No smart contracts *[yet](https://twitter.com/iotatoken/status/894301083689943040)* +* No anonymity *[yet](https://medium.com/iota-ucl/iota-mixer-91f3d39735c1)* +* [Past vulnerability issues](https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367)* +* [Core code written in ternary](https://domschiener.gitbooks.io/iota-guide/content/chapter1/a-note-on-trinary.html) (is this a con?) +* [Fake partnerships](https://medium.com/@justindanneman/proof-iota-is-falsifying-partnerships-with-big-tech-5f5010bf8d0)* + +&nbsp; + +### Scalability +Many users claim that the network infinitely scales, that with more transactions on the network the faster it gets. This is *not entirely true*, that's why we are seeing the [network getting congested](https://twitter.com/i/moments/939251289141186560) (pending transactions) at the moment (12/2017). + +The network is composed by full-nodes (stores all transactions), each full-node is capable of sending transactions direct to the tangle. An arbitrary user can set a light-node (do not store all transactions, therefore a reduced size), but as it does not stores all transactions and can't decide if there are conflicting transactions (and other stuff) it needs to connect to a full-node (bitifinex node for example) and then request for the full-node to send a transaction to the tangle. The full-node acts like a bridge for a light-node user, the quantity of transactions at the same time that a full-node can push to the tangle is limited by its brandwidth. + +What happens at the moment is that there are few full-nodes, but more important than that is: **the majority of users are connected to the same full-node** basically. The full-node which is being used can't handle all the requested transactions by the light-nodes because of its brandwidth. If you are a light-node user and is experiencing slow transactions you need to manually select other node to get a better performance. Also, you need to verify that the minimum weight magnitude (difficulty of the Hashcash Proof of Work) is set to 14 at least. + +The network seems to be fine and *it scales*, but **the steps an user has to make/know are not friendly-user** at all. It's necessary to understand that the technology envolved is relative new and still in early development. Do not buy iota if you haven't read about the technology, there is a high chance of you losing your tokens because of various reasons and it will be your own fault. You can learn more about how IOTA works [here](https://www.gitbook.com/book/matthewwinstonjohnson/iota-guide-and-faq/details). + +There are some upcoming solutions that will bring the user-experience to a new level, [The UCL Wallet](https://medium.com/iota-ucl/iota-wallet-refresh-onboarding-2f5ccd5e467a) (expected to be released at this month, will talk about that soon and how it will help the network) and the [Nelson CarrIOTA](https://medium.com/deviota/carriota-nelson-in-a-nutshell-1ee5317d8f19) (this week) besides the official implementations to come in december. + +&nbsp; +### Centralization +We all know that currently (2017) IOTA depends on the coordinator because the network is still in its infancy and because of that it is considered centralized by the majority of users. + +The coordinator are several full-nodes scattered across the world run by the IOTA foundation. It creates periodic Milestones (zero value transactions which reference valid transactions) which are validated by the entire network. The coordinator sets the general direction for the tangle growth. **Every node verifies that the coordinator is not breaking consensus rules by creating iotas out of thin air or approving double-spendings**, nodes only tells other nodes about transactions that are valid, if the Coordinator starts issuing bad Milestones, nodes will reject them. + +The coordinator is optional since summer 2017, you can choose not implement it in your full-node, any talented programmer could replace Coo logic in IRI with Random Walk Monte Carlo logic and go without its milestones right now. A new kind of [distributed coordinator](https://answers.thenextweb.com/s/dominik-schiener-and-david-sonstebo-d0XXq0) is about to come and then, for the last, its completely removal. You can read more about the coordinator [here](https://blog.iota.org/the-transparency-compendium-26aa5bb8e260) and [here](https://www.reddit.com/r/Iota/comments/7c3qu8/coordinator_explained/). + +####Mining-Blockchain-based Cryptocurrencies +These are blockchain-based cryptocurrencies (Bitcoin) that has miners to guarantee its security. Satoshi Nakamoto states several times in the [Bitcoin whitepaper](https://bitcoin.org/bitcoin.pdf) that "*The +system is secure as long as honest nodes collectively control more CPU power than any +cooperating group of attacker nodes*". We can see in Blockchain.info that nowadays half of the total hashpower in Bitcoin is controlled by 3 companies (maybe only 1 in the future?). Users must trust that these companies will behave honestly and will not use its 50%> hashpower to attack the network eventually. With all that said **it's reasonable to consider the IOTA network more decentralized (even with the coordinator) than any mining-blockchain-based cryptocurrency** + +You can see a comparison between DAG cryptocurrencies [here](https://www.reddit.com/r/CryptoCurrency/comments/7iv20r/dag_coin_comparison_byteball_iota_raiblocks_etc/) + +&nbsp; +### IOTA partnerships +Some partnerships of IOTA foundation with big companies were well known even when they were not officialy published. Some few examples of confirmed partnerships are listed below, others cofirmed partnerships can be seem in the link *Partnerships with big companies* at the pros section. + +* [Bosch](http://www.prweb.com/releases/2017/10/prweb14822551.htm) +* [Volkswagen](https://twitter.com/morgenmagazin/status/938495307259830272) +* [Fujitsu](https://twitter.com/ambersamerica/status/938086218461515776) +* [Innogy](https://innovationhub.innogy.com/news-event/3lj6DX6LS0C4SyKmgEOiQq/meet-our-future-customers--machines-with-wallets) +* [Sopra Steria](https://www.soprasteria.com/en/media/press-release/blockchain-and-the-iot-sopra-steria-partners-with-iota) +* [Lattice80](https://www.crowdfundinsider.com/2017/11/125158-lattice80-worlds-largest-fintech-hub-partners-germanys-iota-new-innovation-lab/) + + +So what's up with all alarming in social media about IOTA Foundation faking partnerships with big companies like Microsoft and Cisco? + +At Nov. 28th IOTA Foundation announced the [Data Marketplace](https://blog.iota.org/iota-data-marketplace-cb6be463ac7f) with 30+ companies participating. Basically it's a place for any entity sell data (huge applications, therefore many companies interested), at time of writing (11/12/2017) there is no API for common users, only companies in touch with IOTA Foundation can test it. + +A quote from Omkar Naik (Microsoft worker) depicted on the Data Marketplace blog post gave an idea that Microsoft was in a direct partnership with IOTA. Several news websites started writing headlines ["Microsoft and IOTA launches"](https://thenextweb.com/hardfork/2017/11/28/iota-microsoft-data-marketplace-cryptocurrency/) (The same news site claimed latter that IOTA lied about partnership with Microsoft) when instead Microsoft was just one of the many participants of the Data Marketplace. Even though it's not a direct partnership, IOTA and Microsoft are in close touch as seen in *IOTA Microsoft and Bosch [meetup](https://i.imgur.com/W7WoOva.png) december 12th*, *Microsoft IOTA [meetup](https://i.redditmedia.com/T4zrgehM02cdOKza8g8c6ccPM4KHuQS0ogIj1FVGnf4.jpg?w=877&s=6e023d36843a8105c4b611ecdbd293c8) in Paris 14th* and *[Microsoft Azure](https://www.coindesk.com/microsoft-5-blockchain-partners-azure/) adds 5 new Blockchain partners (may 2016)*. If you join the IOTA Slack channel you'll find out that there are many others big companies in close touch with IOTA like [BMW](https://iotatangle.slack.com/archives/C1QCQM2HX/p1513126109000077), [Tesla](https://www.reddit.com/r/Iota/comments/7ia5wo/will_iota_cooperate_with_tesla/) and [other companies](https://i.redditmedia.com/Zflw6-ccARVYtVJDWAwZ7w4aKNXk7sR81P37gOgpO0c.jpg?w=542&s=fcae325de25cf8dea1d00f7c6f7a6529). This means that right now **there are devs of IOTA working directly with scientists of these companies to help them integrate IOTA on their developments even though there is no direct partnership published**, I'll talk more about the use cases soon. +> We are excited to partner with IOTA foundation and proud to be associated with its new data marketplace initiative... - Omkar Naik + +&nbsp; +### IOTA's use cases +Every cryptocurrency is capable of being a way to exchange goods, you pay for something using the coin token and receive the product. Some of them are more popular or have faster transactions or anonymity while others offers better scalablity or user-friendness. But none of them (except IOTA) are capable of transactioning information with no costs ([fee-less transactions](https://iota.org/IOTA_Whitepaper.pdf)), in an securely form ([MAM](https://blog.iota.org/introducing-masked-authenticated-messaging-e55c1822d50e)) and being sure that the [network will not be harmed when it gets more adopted](https://blog.iota.org/iota-simulations-first-preview-to-the-community-b888d1f807e4) (scales). These characteristics open the gates for several real world applications, you probably might have heard of [Big Data](https://en.wikipedia.org/wiki/Big_data) and how data is so important nowadays. + +>Data sets grow rapidly - in part because they are increasingly gathered by cheap and numerous information-sensing Internet of things devices such as mobile devices, aerial (remote sensing), software logs, cameras, microphones, radio-frequency identification (RFID) readers and wireless sensor networks. + +&nbsp; + +> It’s just the beginning of the data period. Data is going to be so important for human life in the future. So we are now just starting. We are a big data company, but compared to tomorrow, we are nothing. - [Jack Ma (Alibaba)](https://www.cnbc.com/2017/06/21/cnbc-exclusive-cnbc-excerpts-alibaba-executive-chairman-jack-ma-speaks-with-cnbcs-david-faber-from-alibabas-gateway-17-event.html) + +There are enormous quantities of wasted data, often [over 99% is lost to the void](https://www.mckinsey.com/mgi/overview/in-the-news/by-2025-internet-of-things-applications-could-have-11-trillion-impact), that could potentially contain extremely valuable information if allowed to flow freely in data streams that create an open and decentralized [data lake](https://en.wikipedia.org/wiki/Data_lake) that is accessible to any compensating party. Some of the biggest corporations of the world are purely digital like Google, Facebook and Amazon. **Data/information market will be huge in the future and that's why there so many companies interested in what IOTA can offer**. + +There are several real world use cases being developed at the moment, +many of them if successful will revolutionize the world. You can check below a list of some of them. + +* [Data Marketplace](https://blog.iota.org/iota-data-marketplace-cb6be463ac7f) (30+ companies developing their own project using IOTA) +* [Bosch XDK device [1]](http://untangled.world/bosch-xdk-using-iota-mam-masked-authenticated-messaging/) [[2]](https://i.imgur.com/Wf34fsO.jpg) +* [Bosch presentation meetup and how is using IOTA tangle](https://www.youtube.com/watch?v=d40UtCRsNNU) +* [IOTA Electric vehicle charging station by ELaad [1]](https://youtu.be/klhcoB1uimw?t=699) + [[2]](https://www.elaad.nl/news/how-elaadnl-built-a-poc-charge-station-running-fully-on-iota-and-iota-only/) [[3]](https://i.redditmedia.com/PZ-21PwKEmz95rAEh3SKnnpNy-CLD-HX0tTLMWCKKNY.jpg?w=576&s=2e1eaeb1191d8cd6bc201049e8a3bdbe) +* [IOTA and its practical application in the automotive industry](https://youtu.be/SVTOHdrsJ-U?t=1) +* [NetObjex demonstrates decentralized smart parking solution with IOTA](https://www.prnewswire.com/news-releases/netobjex-demonstrates-decentralized-smart-parking-solution-with-cryptocurrency-payment-300568290.html) +* [Machine Tagging for Digital Twins by Innogy](https://medium.com/@cstoecker/implementing-first-industry-4-0-use-cases-with-iota-dag-tangle-machine-tagging-for-digital-twins-baf1943c499d) +* [Machine learning as a service by CognIOTA](http://www.cogniota.io/) +* [Wechat group in China](https://twitter.com/xiongzm/status/940575218757648385) (Alibaba, Amazon, xiaomi, ChinaTelecom, okex, USTC, CAS, BNU, SJTU envolved) +* [SatoshiPay - IOTA pay per content proof of concept](https://medium.com/@SatoshiPay/satoshipay-iota-proof-of-concept-launched-111b5c0d4bcf) + +Extra + +* ["IOTA in serious discussions with central banks to introduce e-currency" - Former UBS CIO T. Bussmann](https://youtu.be/QQEsItb922k?t=2782) +* [World’s Largest Fintech on IOTA New Innovation Lab](https://www.crowdfundinsider.com/2017/11/125158-lattice80-worlds-largest-fintech-hub-partners-germanys-iota-new-innovation-lab/) +* [IOTA Foundation has revolutionised IoT - Key Deutsche Bank Blockchain Report](https://www.db.com/newsroom_news/cio_insights_reflections_-_cryptocurrencies_and_blockchains_-_EMEA_-_client_ready.pdf) + +These are just few examples, there are a lot more ongoing and [to explore](http://mattturck.com/wp-content/uploads/2016/03/Internet-of-Things-2016.png). + +&nbsp; + + +### IOTA Wallet (v2.5.4 below) +For those who have read a lot about IOTA and know how it works the wallet is fine, but that's not the case for [most users](https://www.reddit.com/r/Iota/search?q=wallet+problem&restrict_sr=on). Issues an user might face if decide to use the current wallet: + +* [Connection refused](https://www.reddit.com/r/Iota/comments/7i8gbr/iota_wallet_connection_refused/) +* [request error: invalid transaction hash](https://www.reddit.com/r/Iota/comments/7fv07m/iota_wallet_attach_to_tangle_request_error/) +* [Pending transaction for days](https://www.reddit.com/r/Iota/comments/7iuapf/pending_iota_transaction_solved/) +* [Wallet not showing the correct balance](https://www.reddit.com/r/Iota/search?q=balance+show+0&restrict_sr=on) +* [Headaches with snapshots](https://www.reddit.com/r/Iota/search?q=snapshot&restrict_sr=on) +* Using a node that's down/slow +* Not reattaching +* Not having your wallet set up properly (min weight 14, etc.) + +Problems that could be easily avoided with a better understand of the network/wallet or with a better wallet that could handle these issues. As I explained before, some problems during the "congestion" of the network could be simply resolved if stuff were more user-friendly, this causes many users storing their iotas on exchanges which is not safe either. + +The upcoming ([dec 2017](https://www.reddit.com/r/Iota/comments/7jbhf6/university_college_london_ucl_iota_mobile_wallet/)) UCL Wallet will solve most of these problems. It will switch between nodes automatically and auto-reattach transactions for example (besides other things). You can have full a overview of it [here](https://medium.com/iota-ucl/iota-wallet-refresh-onboarding-2f5ccd5e467a) and [here](https://medium.com/iota-ucl/wallet-refresh-the-case-for-a-desktop-app-8aebaf19520a). Also, the upcoming [Nelson CarrIOTA](https://medium.com/deviota/carriota-nelson-in-a-nutshell-1ee5317d8f19) will help on automatic peer discovery for users setup their nodes more easily. + +&nbsp; + +### IOTA Vulnerability issue +On sept 7th 2017 a team from MIT reported a [cryptographic issue](https://medium.com/@neha/cryptographic-vulnerabilities-in-iota-9a6a9ddc4367) on the hash function Curl. You can see the full response of IOTA members below. + +* [Curl disclosure, beyond the headline](https://blog.iota.org/curl-disclosure-beyond-the-headline-1814048d08ef) +* [CFB's response to Neha Narula's blogpost](https://gist.githubusercontent.com/Come-from-Beyond/63c97a697baf2a657bdddd9bdc6be05d/raw/e01bb6aae47a0207edaeb3e1fbfbf347b2ee3c2d/CFB's%2520response%2520to%2520Neha%2520Narula's%2520blogpost) +* [Jeremy Epstein response Neha Narula's blogpost](https://medium.com/@jer979/disclosure-im-an-advisor-to-iota-4956de37cfa0) + +Funds were never in danger as such scenarios depicted on the Neha's blogpost were not pratically possible and the arguments used on the blogpost had'nt fundamentals, all the history you can check by yourself on the responses. Later it was discovered that the whole [Neha Narula's team were envolved in other concurrent cryptocurrency projects](https://pastebin.com/61aBF9uN) + +Currently IOTA uses the relatively hardware intensive NIST standard SHA-3/Keccak for crucial operations for maximal security. Curl is continuously being audited by more cryptographers and security experts. Recenlty [IOTA Foundation hired Cybercrypt](https://blog.iota.org/iota-foundation-hires-cybercrypt-615d2df79001), the world leading lightweight cryptography and security company from Denmark to take the Curl cryptography to its next maturation phase. + + +&nbsp; + + +--- +It took me a couple of days to gather the informations presented, I wanted it to make easier for people who want to get into it. It might probably have some mistakes so please correct me if I said something wrong. Here are some useful links for the community. + +* [IOTA whitepaper](https://iota.org/IOTA_Whitepaper.pdf) +* [IOTA whitepaper explained](https://www.tangleblog.com/2017/10/09/explaining-series-new-iota-whitepaper-vers-1-3-summarized/) +* [IOTA roadmap](https://blog.iota.org/iota-development-roadmap-74741f37ed01) +* [Official IOTA blog](https://blog.iota.org/) +* [IOTA Slack channel](https://slack.iota.org/) +* [IOTA Glossary](https://iota.readme.io/v1.2.0/docs/glossary) +* [IOTA Guide and FAQ](https://matthewwinstonjohnson.gitbooks.io/iota-guide-and-faq/) +* [IOTA consensus masterclass](https://forum.iota.org/t/iota-consensus-masterclass/1193) +* [IOTA double-spending masterclass](https://forum.iota.org/t/iota-double-spending-masterclass/1311) +* [List of public IOTA nodes](https://iota.dance/nodes) +* [Incentives to run a IOTA full node](http://www.tangleblog.com/2017/06/27/incentive-run-fullnode-iota/) +* [IOTA AMA jun 17th 2017](https://www.reddit.com/r/Iota/comments/6hugtq/ask_us_anything/) +* [IOTA AMA sept 8th 2017](https://www.reddit.com/r/Iota/comments/6yvpfo/iota_ama_september_8th/) +* [IOTA AMA nov 29th 2017](https://answers.thenextweb.com/s/dominik-schiener-and-david-sonstebo-d0XXq0) + +--- + +This is my IOTA donation address, in case someone wants to donate I will be very thankful. I truly believe in this project's potential. + +*I9YGQVMWDYZBLHGKMTLBTAFBIQHGLYGSAGLJEZIV9OKWZSHIYRDSDPQQLTIEQEUSYZWUGGFHGQJLVYKOBWAYPTTGCX* + +&nbsp; + +This is a donation address, if you want to do the same you might pay attention to some important details: + +* Create a seed for only donation purposes. +* Generate a address and publish it for everyone. +* *If you spend any iota you must attach a new address* to the tangle and refresh your donation address published before to everyone. +* If someone sends iota to your previous donation address after you have spent from it you will probably lose the funds that were sent to that specific address. +* You can visualize how addresses work in IOTA [here](https://www.reddit.com/r/Iota/comments/7cze8u/iota_address_reuse_explained_for_laymen/) and [here](https://matthewwinstonjohnson.gitbooks.io/iota-guide-and-faq/how-addresses-work.html). + +This happens because IOTA uses Winternitz one-time signature to become quantum resistent. Every time you spend iota from a address, part of the private key of that specific address is revealed. This makes easier for attackers to steal that address balance. Attackers can search if an address has been reused on the tangle explorer and try to brute force the private key since they already know part of it. +tl;dr Reckless naked shorting IMO guarantees that r/superstonk owns bare minimum the whole float. You all better be as greedy as me with a 20M floor. + + + +This might come across as harsh but here we go. I, like many of you was a part of the crowd that would have accepted a lot less money back in January if they had let it squeeze back then. But not now. I’m no longer in this for any small amount of money. The HFs need to be bled dry and we all need to become filthy rich. I’ve been getting royally pissed about how people are begging for new DD and how they need constant reassurance that the squeeze is still on. You’ve all been watching the same ticker as me. How the hell would they have covered with us watching like vultures?? They’ve been shorting it to oblivion the past 4 **months** and people are showing that they either have not read or don’t understand the DD. Back then we were just passengers along for a ride on the back of whales like BlackRock but now I have no doubt that our beloved r/superstonk owns at bare minimum, the float. We will set our price and it will be extremely expensive. The SHFs continue to test our patience with their naked shorts and many institutions are complicit. By now you should know, regardless of how many SHFs are bankrupted, the DTCC is on the hook to cover. I want it all. They’re insured for $60T(probably more given liquidations of SHFs and etc) and I want all of you to be as greedy as me. All the shit we put up with was not worth it unless we are all filthy rich. My floor is 20M you all better be as greedy as me. + + + +Pre-emptive edit: if you feel targeted, good I am talking to you. You better not paper hand and ruin it for us. Fuck the HFs. Fuck the MSM. Fuck everyone that is making us wait. Diamond your hands the fuck up and get rich with me. +Hi everyone, + +I just received $2400 from the IRS as my stimulus check when I should have only received $1200. + +Here is the situation: my husband and I got married in December of 2019. I did not file 2018 taxes (I am a full-time student) and my husband who is a full-time employee did file 2018 taxes. He automatically received his IRS stimulus of $1200 that was deposited to his bank (based on his 2018 taxes which stated he was single). Then in April, I filled out the IRS form for non-filers to receive my stimulus check and since it was for 2019, I filed as a married couple. + +My bank account now received $2400 (one for me and one for my husband). + +**My question:** How do I fix this? I'm guessing there is some sort of amendment form that I need to physically fill out but I'm not sure what the mistake is that I need to amend. So I can't figure out what form it will need to be. + +I also want to add, I apologize for my ignorance in this matter but I would really appreciate your help and be educated on what I did wrong. I tried searching this subreddit for a similar situation but I haven't come across anything, so if you know a post where this is addressed, please let me know! Thanks in advance. + +**Bonus challenge question:** So from the responses I've gathered that my mistake was filing the non-filer since we didn't qualify to fill that form. My new question is, if I qualify for the $1200 but don't qualify for the non-filer, what was the correct way for me to receive the $1200? (I didn't have taxes filed in 2018 (my income was $0) and in 2018, we were both single so he (correctly) only received $1200.) + +&#x200B; + +&#x200B; + +Edit: Thanks everyone for your input! I'm sorry for those who haven't yet received the stimulus money you rightfully deserve. Seems like the best course for me is to sit tight, don't spend the extra $1200 and wait for the IRS to ~~bust in and arrest me~~ send me a letter to correct the mistake. +Hey there! I'm new to this community, but have found a lot of useful info in the short time I've been here, so thanks for that. This post may not technically be RE/FI, but I'd really value any tips you guys may have. + +I'll be 34 next month, I have a wife and 2 kids, and I've been working long hours as an oil and gas contractor for the past 11 years. I have no real affinity for the job, but it's been so lucrative relative to anything I'd done before that I've felt compelled to stay in it. I'm actually typing this from a platform in the Gulf of Mexico. Being away from the family and the job itself has left me so thoroughly burned out that I recently negotiated a release and I'll be leaving my position in June. + +My financial strategy has generally been to pay off mortgages as quickly as I could, and as a result I've paid off a nice place I bought this past September, as well as a condo on the coast that is being rebuilt after damage from Hurricane Harvey (I'd been living in the condo while I worked down there). + +My wife doesn't make much at her job, but they do offer health insurance, which we plan on taking advantage of when mine ends. My mom lives with us and watches the kids while my wife's at work, so we have no daycare costs. In time I should have some rental income from the condo. + +I have about $100k in savings, $250k in my 401k and random investments in the $50k range. + +I feel as though I can return to this line of work at any time - I've been offered 3 similar positions since I quit - but I'd almost rather do anything else with my life. My current plan is to spend a lot of time with the kids, finish the Bachelors degree that I've been putting off, and work a bit part-time close to home. I don't have a firm plan for the future right now work-wise, but I'm open to virtually anything. + +Any tips? Suggestions? Thanks in advance. +How do you guys not go crazy? I went from 3k to 40k before they started manipulating the market. I felt amazing. I was so ready to move my money to other investments, I was gonna buy what family I have and my girlfriend gifts, people were so happy for me... I held and held and the last two days have absolutely destroyed me. I’ve never felt so high and then so low. I lost 33k man. I’m still up 3k which is something but it’s not the life changing money I saw just 2 days ago. I’ve been having a nervous break down all day man. The world feels like it’s at it’s at a breaking point, I’ve been taking care of my dying grandparents the entirety of quarantine, my fucking job is gone bc of covid and I’m stuck working part time at a shitty job. Both of my parents are dead, I found my uncles body last year. Everyone I love is dead. I feel like I ruined the one chance I had to change my life and I’m fucking crumbling under the pressure. +I sold my 2 $300 gme calls at $96 and literally not not even 3 mins laters RH opens GME for trading and the stock ran up to high 140s. I’ve ever slapped myself in the face so hard. I doubt anyone will even read this and I dont even know why the fuck I’m posting it but here I am I guess. +Still holding +12 gme @ 2.15 +50 amc @ 15 +1000 NOK @ 6.66 +Absolutely craving death +Ryan Cohen bought into GameStop with a plan in mind. A well formulated, calculated, awesome, plan. What he didn't expect (at least not on this enormous level) was a stockholder base as committed and passionate as he got. + +We are an incredible force of nature. We DD, we meme, we hype each other up, we test / use / comment on almost every new thing he's doing. An instant ~100,000 people who GOT YOUR FUCKING BACK! Fuck yeah we'll download that wallet extension. Absolutely I'm gonna remember to give it an honest review (5 🌟 s). Yes I'm gonna buy and hold your stock because I've got faith in you, brother. OMG new NFT marketplace? AND it gives power to the creators and collectors?? Yes I will buy things from there. + +I say that to say this: + +We know EVERYONE involved in this is lurking here. Shitadel, RC, marketwatch. Everyone. I think Mr Cohen maybe at first was not communicating with us via twatter. But I think there's at least a plausible argument that some of them are conveying a hidden message. + +So I think he knows how much his tweets mean to us. How scrutinized and analyzed and broken down and hypothesized they are. So he knows that we expect only 1 tweet from him this month. Maybe that was some wild hidden plan of his. Or maybe now he's keeping us entertained. Hyped up. Communicating with us not in a plotting way. But just as a way to interact with us and let us know he's around and figuring it out with us. + +So maybe there will only be 1 tweet this month from him. But will it be because that was his plan, or ours? Am I just high and over-thinking? Yes. 🦧💪💎👐 + +Buy. Hold. DRS. Be kind. +There has been much discussion, lately, regarding the situation that many apes of all natures are in with eToro. As a broker it does not currently allow directly registering shares to CS, or allowing transfers to a broker that allows DRS. It has also been somewhat dodgy in relation to proving that its investors actually own the underlying asset. + +A lot of the discussion centers around whether or not it is better to sell your eToro MOASS tickets and re-purchase them on another broker, such as IBKR or Fidelity. The purpose of this post isn't to break down the arguments on their validity. Rather, it is here to inspire a fresh line of thinking, although the subject matter of DRS remains the same. + +As many eToro apes can recall, after consistently grabbing the attention of eToro they granted us the ability to vote at the AGM. What is to say that with the same pressure applied, we cannot get them to set up a manner through which to DRS our shares to Computershare? If this does not work, then a push towards transferring shares to another share ownership. And if *that* fails, then pushing for solid, definitive proof that the shares we hold are not CFDS, but real, tangible, diamonds-wrapped-in-gold GME shares? + +I think that it would be wiser to first apply public pressure on eToro - and other brokers that fall into the same category too! - than to immediately debate the validity of selling on one broker to re-buy on another. It is my personal view that it should be a last-ditch effort, not out first port to call. + +What do you guys think? + +\*Cross posting from DDintoGME for u/[StarscreamOnIrish/](https://www.reddit.com/user/StarscreamOnIrish/)\* +edit: + +**Adding from** [**lickybum**](https://www.reddit.com/user/lickybum) **" Etoro has changed their TOS so that they can close your positions in the event of excessive changes in price"** +Hi all, + +I am moving to San Diego from Indianapolis area for a job and my girlfriend has decided to make the move with me. She is a medtech, she has a 4 year degree with quite a bit of experience now. During the phone screen they told her the salary range is $28-30hr. + +During her main interview the hiring manager mentioned several times how expensive of an area San Diego is, my GF explained that she was aware and that she was following me there because of my job. + +They just called and extended an offer to her for $27.50, she asked if she could get it higher but the HR manager told her it was the max for her experience level. She is excited and wants to accept. I told her I think she should at least try to get the $28 she was told during the screen. She seems worried they will be upset since she already asked but to me this would be unacceptable. + +Anyone else here have thoughts? +With the prospect of inflation and devaluation of the AUD a potential outcome on the horizon, what are strategies savers or those with cash assets should persue to mitigate the risk of devaluation of liquid assets? +My girlfriend made the mistake of buying a new car outside of her means (like many others in their early 20's), and as is always the case, her life situation changed making it very difficult to stay on top of the loan. + +The loan amount was for $28,000 over 7 years at about 13% interest. At the moment she is half way through the loan term and has $17,000 balance owing. The payout quote is about $17,300. + +For some perspective, she only works 2 days a week as she is studying, receives a bit of money from the government and has no savings at all. I have a very secure job earning $50k a year with a bit over $20k in savings. + +Now that I'm financially stable myself, i've been thinking of ways I could help her get out of this debt. Seeing her have to pay $40-50 just in interest & fees every week makes me cringe, it's literally taking 2 steps forward and 1 step back every single payment. Yes, I am fully aware of the risks involved but am willing to help her out of this. + +So my first thought was to just pay the loan outright and have her pay me back over time as her financial situation improves (which it will as of next year). That way she'll only end up paying the $17k and not the ridiculous amounts of interest and fees on top of that to the bank. + +Although, I worked hard to reach my savings goals over the last year so it would be sad for me to part with all of it at once. If there is another way to go about this which would allow me to keep my earnings in my high interest savings account, I'd like to hear all about it. + +I've looked a little bit into citibank's balance transfer credit cards and think that could be an option. But don't know enough about them as of yet. + +If any of you could share some options or advice for my situation that would be much appreciated. + +Thanks in advance for all your insights. + +&#x200B; + +EDIT: Just wanted to clarify that she by no means wants or asked me to do this. It was a thought I had to benefit her and our future together. + +EDIT2: This thread just turned into over-the-top relationship advice that I didn't need or ask for. This sub seems very selfish when it comes to their money, with no willingness to help others find financial independence - even loved ones... Which helped me make my decision to not be like that, I'll be putting OUR happiness as a couple first. +Got a $13 an hour job offer, room and board is $400 a month out of our pay, pretty damn good. No utility costs, wifi access is provided, free rec room, cheap employee pubs, reasonable downtime to explore the park, ect. So will be saving up between my current job, and tax returns, and it will cost me around $300 to get out there. (I don't own much to begin with, so will be sorting my stuff, getting rid of anything I do not need. Including selling some stuff. I am beyond excited! +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [https://nft.gamestop.com](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +&#x200B; + +**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 do I [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/)? Get a [user flair](https://www.reddit.com/r/Superstonk/comments/yuarvq/how_to_get_a_userflair_on_superstonk_new_emojis)? Hide [post flairs and find old posts](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/)? + +[Reddit & Superstonk Moderation FAQ](https://www.reddit.com/r/Superstonk/wiki/index/reddit-faq/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/yjawq7) + +>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! +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. +It seems that many businesses will have big struggles this winter in Europe. I'm wondering what investing advice some of you might have regarding this. What could I invest in short term (6-8 months) to take advantage of the current events? How will the European energy crisis affect Canadian Energy companies? What is your overall advice on energy investing (ETFs, stocks etc.)? Looking forward to the discussion! +All time high! How does everyone feel about this ETF right now? I like how they ended up including Tesla in the top ten holdings and kicked out names like Intel from the top 10. I think if rotation is really coming back into the FAANGs then we will continue to edge higher and higher. Hopefully Biden presidency doesn’t mess it all up. +ENB had news on Friday about their Line 3 expansion being slightly delayed into the second half of 2020 instead of second half 2019. + +A seemingly minor delay given the troubles they went through just to get it approved. So why is the stock down so much today on the back of this news? I don't understand why such a large impact, if anyone can help me wrap my brain around it I would greatly appreciate it. This stock has been a dog for so long. +Do we think the Line 3 and Line 5 will actually get constructed and thus improving the companies cashflows. + +LINE 3 is being challenged in Minnesota +LINE 5 is being challenged by Michigan + +I have been following enbridge for a year now and want to invest +06:15 wake up + +06:30 charting(1 hour) + +7:30 20min run/low intensity workout (15min core stability and 5min cardio) + +8:30 shower + coffee + +09:00 office open (London open)+ economic calendar (ftmo,myfxbook) + news + +09:15 podcast (phsychology trading 30mins) + +09:30 first trade can be placed + +10:00-11:00 education 1 + +12:00-12:30 break + +12:30-13:00 education 2 + +13:30-14:00 high intensity workout (weights) + +14:00-15:00 education 3 + +15:00-16:00 free hour + +16:00-16:30 health/lifestyle education + +16:30-17:00 free 30min + +17:00-18:00 backtesting + +18:00 office closed (London close) + +&#x200B; + +notes: + +\-if daily target it hit in before 12:00, a free afternoon is possible + +\-at all times keep an eye on the charts + +\-the high intensity workout is because i always feel sleepy after i ate + +\-by education i mean checking other people's strategy and look if i can add something of it do mine (i know some people will say this is pointless since i'm profitable already but i love to see how other people trade the market and have their 'edge') + +\-usually i have 0-3 possible trades occuring in a day with my strategy + +\-some people will see this as overkill but i found that trading is very passive in comparing to my job i had in construction, so i need some variation/things on the side other than constantly watching charts 8 hours/day +Im 18 and have 5k saved up from working, I have no need to spend money on bills or anything as I live with my mom and college wont be extremely expensive due to scholarships etc, I have never day traded I've simply watched some videos and am willing to work for hours if needed but I was looking for any type of way for me to begin, which videos are actually good and how should I begin trading? +I started day trading in 2015 with zero experience. After all these years of testing methodologies back testing stocks,options, futures and forex, I was wondering what is the best platform for trading futures and Forex. I have tried MLQ4, TOS, and NinjaTrader. I am currently using Ninjatrader for my futures trading. I found out from my personal experience that to become a consistent trader, one has to manage risk to stay in the long game. This is now my morning trade on the NQ. +I see a lot of people talking about $483 and the "300 dollar days of march" but that really doesn't paint the right picture. + +Now, premise here. We have all been watching the manipulation and continual shorting and price target wars... I am sure you notice they always try to tank it end of day. I am going to say that close price is the number that matters and a high is not notable for the beautiful Marge N. I also believe they have a few days to cover, maybe 5. + +Did you know? The highest GME ever closed was $347 on 1/27. + +The highest it has held over 5 consecutive days closing is only $220.14 + +3/15/2021 $220.14 + +3/12/2021 $264.50 + +3/11/2021 $260 + +3/10/2021 $265 + +3/9/2021 $246.90 + +&#x200B; + +If it were 4 days consecutive days that was key, it would be $246.90 + +Hell... did you know, GME has only closed over $220 dollars 9 times ever? + +It's closed over $300 only twice. + +I can't tell you what it would take to get a call from Marge. But it's totally possible that closing 5 days over $250 is all it takes. I would be willing to bet a banana up my... wait, no. No bets. Let's just say I think 5 days closing over $300 has about a 90% chance of setting off the calls. + +But what do I know, I am just a dumb ape. + +I just want you ~~guys~~ apes and apettes to have some perspective. We might trade sideways and down for another 3 weeks. If so, we just Buy and HODL. But, if we can hold these prices and keep moving up, we might be closer than we think. Don't think our 242 close price is nothing. + +&#x200B; + +Edit: I don't know who gave me the all-seeing award, but I am going to just believe it must be someone that knows GME has some really deep, really fucking, value. +@davidmarcus: To clarify: we have no policies against using PayPal to sell Bitcoin mining rigs. We don't support any currency txn whether fiat or BTC... + +@davidmarcus: ...for a host of regulatory issues. But we treat BTC and any FX txn the same way. We're believers in BTC though. + [https://www.cnbc.com/2019/05/31/yield-curve-is-no-longer-a-reliable-recession-predictor-wells-fargo.html](https://www.cnbc.com/2019/05/31/yield-curve-is-no-longer-a-reliable-recession-predictor-wells-fargo.html) + +&#x200B; + +Am I crazy or was there an article like this right before 2008??? +So I was scrolling through gainskeeper on TDA and it says I've made 33,000 this year and my current account balance is much higher than that. However I don't have 33k in actually cash... I've basically been flipping stocks all year making some gains and losses accordingly. Right now I have 10k in cash in my account and it kind of freaks me out knowing that I've made 20k more than that but it's all been put into other stocks that might take a loss. It's like I should have 30k more in the bank but I don't... Lately I've been trying to close out most of my investments that aren't long term just so I can take stock of what money I actually have. +On 12/26, I sold 19 **cash-secured** AMD Puts at a strike of $47 for $36 each. I collected $684 for this trade and was OK with AMD dipping below $47 and my purchasing of 1900 shares as I am bullish on AMD right now, and planned to sell calls at $47 (or higher) going into earnings and 2020. + +Instead, RH took action on my behalf automatically, buying the 19 contracts back at a cost of $77 each; this cost me $1,463.00. Now, instead of owning AMD @ $47 and having earned $684 for selling the Puts, I've net a loss of -$779.00. + +Why did Robinhood automatically close this position for me? Regardless of where AMD is today, that automatic action cost me $1,463.00 that I did not approve of. + +I've emailed RH to understand why, but the responses so far have not been helpful at all. **This is not a spread, it was not purchased on margin, it was cash-secured.** + +\--- + +**Response #1 (From Robinhood):** + +Good morning, + +Thanks for reaching out and I hope you are doing well. + +We’ll review your spread 60-90 minutes before closing on your spread’s expiration date. At that point, a few different things can happen: + +* If both legs are in the money, we’ll assign and exercise them. +* If both legs are out of the money and are not at risk of being in the money, we’ll let your positions expire. +* If one leg is at risk or in the money, we'll close the spread, or match the option with another form of collateral (like cash or stocks) and let you exercise it. + +*Keep in mind that the Risk Check occurs about an hour before market close on the date of expiration. Risk Checks cannot be opted out of.* + +You can check out our [Help Center article on expiration procedure](https://support.robinhood.com/hc/en-us/articles/115005656423-Expiration-Exercise-and-Assignment) for more information if you’re curious. Otherwise, just let me know if you have any other questions. I’m here to help! + +Sincerely, + +\[Redacted\] + +\--- + +**My reply:** + +Hi \[Redacted\], + +Thanks for responding. However, the trade in question was not a spread, but rather 19 AMD $47 Puts, which should've obligated me to purchase 1900 shares of  AMD @ $47/share. + +Instead, Robinhood automatically purchased back the Puts I sold, at a cost of $.77/share, or $1,463.00. + +Why did Robinhood automatically buy back my shares an hour before market close? Was it an error in Robinhood's logic, attributed to the fact that I also had a credit spread on AMD open at that time? + +\--- + +**Response #2 (from Robinhood):** + +My apologies for the confusion and inconvenience. I can provide clarity. + +I can understand your situation but for the time being our system will pair the contracts as a spread. + +If one leg is at risk in the money, then we will close the spread. + +We are aware that we can improve the option sell out process and I will use this situation as feedback. + +Robinhood calculates upper and lower bounds for options positions. + +***If your option’s strike price falls within the upper and lower bounds, your position is considered “at risk” of being in the money or is in the money, and we’ll place an order to close your position.*** + +\*\*How we calculate the upper bound:\*\*Last trade price + (1.5% \* Maintenance requirement \* Last trade price when the risk check is run) + +\*\*How we calculate the lower bound:\*\*Last trade price - (1.5% \* Maintenance requirement \* Last trade price when the risk check is run) + +**Example:**\* You own an XYZ 1/1/2020 $10 Call\* XYZ's last trade price when the risk check is run is $9.97, and the maintenance requirement is 25%. + +The upper bound would be $10.01 ($9.97+\[1.5%x25%x$9.97\]) and the lower bound would be $9.93($9.97-\[1.5%x25%x$9.97). Since the call falls within these bounds, we'll close the position. + +I hope this clears things up! Let me know if you have any follow-up questions. + +Sincerely, + +\[Redacted\] + +# EDIT #1: + +Absolutely none of this trade was performed on margin; it was cash-secured. I have (and had) the money freely available in my account to purchase 1900 shares of AMD @ $47/share should I be assigned—which is why I am so completely confused by what Robinhood did, and what action I should take next. + +# EDIT #2: + +I believe RH's risk mitigation system confused my open options transactions and somehow merged/mixed up two open transactions to and tried to close both (see the last photo.) + +[Here is my account balance at 9:30 AM on December 26](https://preview.redd.it/jc3jirvzuw741.png?width=732&format=png&auto=webp&s=7ed73f1818bc5573fcf87c2723b0b2f10ea88b5b) + +[I first closed existing open Puts, paying $160 to buy back 20 contracts @ $8 each](https://preview.redd.it/cdml14r5vw741.png?width=749&format=png&auto=webp&s=7de9c5ed030d21b08e54b3073d75b696a902fa7d) + +[I then sold 19 AMD $47 Puts for $36 each, totaling $684 in premium—this should tie up $89,300 of my cash](https://preview.redd.it/0zv7bg2bvw741.png?width=744&format=png&auto=webp&s=b3b13980b173287c7db1081448075947f8295a77) + +[I then sold 80 AMD $45\/44 credit spreads for $720 in premium, tying up $8,000. I could cash-secure $6,900 of this trade, the last $1,100 being on Margin](https://preview.redd.it/s9d57aigvw741.png?width=739&format=png&auto=webp&s=e681b2cc28d7ed57c94c80fcd4b6d9eb22f09c31) + +[This is where things go awry. Instead of \(potentially?\) closing my $45\/44 spread, RH did this, and bought back my $45 Puts at market price. I don't know why this shows up as a spread-type transaction here, nor why it says \\"-19 AMD $44 Puts\\", my thought is that RH's risk management software confused my option transactions, merging my 19 $47 Puts with my 80 $45\/44 spreads, making this... interesting? transaction](https://preview.redd.it/revsf0dzvw741.png?width=743&format=png&auto=webp&s=435fc3dd47942703a31bd8bff6fec4758208f9df) + +[Showing the $45\/44 Credit Spread being split up for some reason by RH's automated process \(as seen above\)](https://preview.redd.it/qaks2jla1x741.png?width=737&format=png&auto=webp&s=7148cddf05a07090909bf8843daed03e18836202) +I bought a few contracts of WTI CL 05-20 Futures yesterday at the low tick of -$32. Started taking profits off as it rose, but let one single contract run to $-4. + +My single contract quickly became worth over $26,000. The best part? There is no liquidity now since the contract expires 04/21 and I can’t close this position. (Edit typo: from 05/21 to 04/21) + +Feel free to shame me. + +[https://preview.redd.it/4zm3adcpx5u41.png?width=854&format=png&auto=webp&s=ab7a67f9411febabae3c9b3ea29e930437a42508](https://preview.redd.it/4zm3adcpx5u41.png?width=854&format=png&auto=webp&s=ab7a67f9411febabae3c9b3ea29e930437a42508) + +Edit update: + +Thankfully the CME/NYMEX has procedures for situations like this. Final contract settlement is done by cash settlement (minus a small settlement fee) for those not wanting to take physical delivery. NYMEX rulebook section 698103 for those that like to do your own research. + +Edit 2: yeah that rule book I referenced ? That’s for a different product. Rip. + +Edit 3: Praise be to the Autism gods, I was able to exit my trade due to someone else entering the market and buying my contract. Pic attached with final profit..Thank you all that have reached out offering your help to store this product. Best comment goes to u/quaeratioest "love it when our austim bleeds into the physical realm like this".. couldn't have said it better myself. + +&#x200B; + +**tldr; I traded CL 05/20 futures in the negative price range the day before expiry, almost got cucked, got excited looking up the wrong settlement information on a different product, panicked, and ended up getting out of the trade before having to worry about taking physical delivery and made $29,790.** + +https://preview.redd.it/zjglhql3k6u41.png?width=491&format=png&auto=webp&s=75111b38a694c306194519e74207f050ad8eb07b +How is it I am not surprised . . . + + [https://www.marketwatch.com/story/stock-tip-company-raging-bull-accused-of-137-million-fraud-01607401191?mod=mw\_latestnews](https://www.marketwatch.com/story/stock-tip-company-raging-bull-accused-of-137-million-fraud-01607401191?mod=mw_latestnews) +I have a batch of single stocks that I feel very confident about for the future. They span across multiple industries to help balance out even in rough times. I've created backtesting portfolio, but I'd love something that allows me to see the progress of my 'mock' ETF on a daily basis. Is there a way to do this with Google Sheets and an API? +what a fascinating phenomenon that sub is, and the phenomenon of the buttcoiner in general. I just can't quite wrap my head around it. The only attitudes that make sense to me concerning btc are enthusiasm and indifference. Hostility would only make sense to me from banks and governments, and bitcoin is still small enough at this point that it has garnered little hostility from banks and governments. But at r/Buttcoin these guys seem to really enjoy being hostile and derisive to Bitcoin; enough to make a club around the idea! It's just such odd behavior. + +Then there are the r/Bitcoin regulars who dislike btc, but hang out here all the time. That's also very baffling and interesting to me. They don't believe in the thing but can't help but keep up with any development in the space, and as soon as there is a development, they bash it. + +I know this is prob not thread worthy (mods feel free to take it down if you agree). I guess i just find the behavior so strange i'm wondering of there's a professional shrink here that can shed light on it. +Do people understand DogeCoin is highly concentrated with 27% of the supply held in a single address? + +Warning: Dogecoin, the coin that Elon Musk likes to pump is highly concentrated with one address owning 27% of the supply. + +You read that right, a single Dogecoin address is holding 27%: + +https://decrypt.co/56616/what-we-know-about-the-dogecoin-address-that-holds-27-of-its-supply + +This goes against cryptos general decentralization efforts and has even prompted the CEO of Binance to raise some concerns: + +https://twitter.com/cz_binance/status/1357259732000538628 + +“Risks: +1 address holds 27% of all #DOGE. +Top 20 addresses holds more than 50%+ of all #DOGE +Kinda "centralized" in that sense.” + +It is not entirely clear if this address is abandoned or active, but it raises legitimate concerns about a super-whale cashing out and becoming a fiat billionaire, as well as leaving many crypto enthusiasts holding the bag. If you invest in dogecoin, invest with this risk in mind. +**My Journey:** + +**Ages 17-21:** Graduated with undergraduate in Business Management and minor in Construction Engineering Management. ($10k in debt) + +**Age 21:** Bought my first home and rented out two rooms (Rental Income: $1000/month) + +**Ages 21-26:** First job at a startup ($36k salary) and worked my way up to a director position ($60k salary). At first I was working 45-50 hour weeks, but as I grew into management and was able to deliver very high results, I was able to hire my own team and manage my own account(s). For the last 2-3 years at this company I worked 5-10 hours a week. + +**Age 24:** Bought second home and rented out a room. Also rented out all of first home (Total rental income ($2500/Month) + +**Age 25:** Started renting out homes as short-term rentals (Rental Income: $5k-$10k/month depending on season) + +**Age 26:** Obtained MBA. + +**Age 27:** Consulting work for fast growth companies working 20 hours a week ($75k annually) + +**Age 27:** Monthly expenses were below $1000 a month and income was $10k-$15k/month. + *Cash/Liquid Investments:* $150k + *Equity:* $250k + *Paycheck:* $6k/month + *Rental Income:* $5k-$10k/month + +**Age 28:** Decided to quit working and “retire.” Started plans on building an income property. + +The moral of the story is you don’t need millions, or even a million dollars, to “retire” early. + +My philosophy on the whole game is generate and save as much money as possible when you start - buy assets, create new revenue streams, slash expenses as low as you can go and once your monthly passive or secondary incomes are 4-5x higher (you can do 2x as well) than you living expenses, retire. + +I took it one step further and bought land and built an income property mortgage free. To ensure my living expenses would stay low and my income would be higher. + +I allowed myself to have two hobbies where I splurged, but other than that I hardly spent any money on entertainment. + +What do you guys think? Are you doing, or did, something similar? + +**EDIT:** +I had no idea, this post would get this many comments. + +There are five major themes I'm noticing: + +1. I'm not retired. + +2. My "luck" is going to run out. + +3. Numbers don't add up. + +4. Only $20,000 in income? + +5. And a very small subset, agrees or have done something similar. Oddly enough they're happy with their nest egg and are not negative. + +To give a quick answer before I go make dinner: + +1. We all have different definitions of "retired." I'm from a different generation and do not think sitting in a rocking chair and going on cruise boats is retirement. Even with $100m in the bank, I'm still going to work. With that said, retirement to me is absolute freedom of my day. And that's what I have. You can argue all you want, but I want you to know that I'm living my dream life and doing what I want, when I want. + +2. Sure, there's going to be a market correction soon. With an MBA in finance and operations and an engineering background I've thought of those scenarios. I'm not flying blind here. Also, $1M in equity and assets is a nice bonus on top of my monthly cash flows. My living expenses are around $1300 a month and I have a custom home on seven acres near a private lake, which is paid off. + +3. That's fine if the numbers don't add up for you. I'm not writing 10 years of tax statements, investment portfolio performances and a savings timeline for you. If you don't believe me, then don't. But read the comments from others who are doing something similar. They don't seem to contest my numbers. + +4. My mistake, that $20,000 is my annual average expenses. NOT my income. + +5. You guys rock and you're probably in a better financial state because you're able to see things differently from the masses. Keep it up. + +With all that said, stay positive folks and no need to hate. I wanted this to be more of discussion of secondary incomes rather than a debate about the definition of a word or you feel like you're being lied to. + + +Hello, and welcome to the party! + +..or should I say.. + +COUNTER-PARTY! + +TEEHEE RIFFLE-DEE BEKKED! + +Anyways... + +My tits hurt, and I'm a little surprised by the findings, but then again, not really! + +LETS BEGIN YA? + +&#x200B; + +[This is a graph of EVERY MM FUND with exposure to the Newyork Federal Reserve RRP facility. \(remember, for the Money Market Funds, they would be on the REPO side\)](https://preview.redd.it/yx1fygpeyff71.png?width=1175&format=png&auto=webp&s=4a6e8c28218816fa13eeeb931debe9ba32da1055) + +&#x200B; + +[IDK wtf happened between late 2013 and early Jan 18, but it's MICROSCOPIC compared to today.](https://preview.redd.it/b5tht3kxlff71.png?width=1217&format=png&auto=webp&s=20bc91774216fcb79eaeb947eba500c7ef86a6ff) + +This website is fantastic, and I've verified the data is accurate by cross-referencing Fidelity's website holdings report for the 06/03/2021 time period, which looks like: + +[This is the holdings report for 06\/30 for SPAXX Fidelity . As you can see, they participated in the Fed Reserve Bank of New York.](https://preview.redd.it/dt7xyso9mff71.png?width=1128&format=png&auto=webp&s=7069d63bf96f346ca4cc1277b138c4e7a978fc27) + +HOWEVER, this is where it gets interesting. + +Upon looking further into the data, it's apparently clear: + +&#x200B; + +*COUNTERPARTIES ARE NOT VANGUARD, BLACKROCK, FIDELITY, STATE STREET, ETC...* + +**COUNTERPARTIES ARE EACH INDIVIDUAL MONEY MARKET FUND THAT USES THE REPO FACILITY!** + +Take a look: + +&#x200B; + +[This was my own personal data entry. Total between these three for 06\/30\/21: $455,819,634,437](https://preview.redd.it/uv0ai02pmff71.png?width=1575&format=png&auto=webp&s=c474fd90d60d1f8f8f7c6e4626491b7222687fdc) + +I cross-referenced the above data with [https://www.financialresearch.gov/money-market-funds/us-mmfs-repos-with-the-federal-reserve/](https://www.financialresearch.gov/money-market-funds/us-mmfs-repos-with-the-federal-reserve/) and I determined it was accurate and safe to use from that point on. (saved butt loads of time) heh..butt.. + +***LOOK HOW FUCKING MUCH FIDELITY IS USING THE RRP AS OPPOSED TO THE REST OF THE PARTICIPANTS.*** + +&#x200B; + +Fidelity alone accounts for 11 counterparties, and has dominated everyone. Blackrock and JP Morgan ***combined*** are just shy of half that of Fidelity's dollar amount, and have only a combined 9 participating "counterparties." + +My hypothesis, as per usual.. + +***SHARE MOTHER F\*CKING LENDING!!!*** + +Possibly due to the massive inflow of traffic? + +What about Vanguard? + +&#x200B; + +[Only 3 funds.](https://preview.redd.it/n6s0576rnff71.png?width=349&format=png&auto=webp&s=7df0037ae12a391c99ffbea512c7c7c42069adae) + +■ Vanguard Market Liquidity Fund : *$14.3 BILLION* + +■ Vanguard Federal Money Market Fund: *$9.8 BILLION* + +■ Vanguard Cash Reserves Federal Money Market Fund *$5 BILLION* + +*VANGUARD TOTAL:* ***$29.1 BILLION, 3 counterparties*** + +**\[to speed things up, I'm just going to give the aggregated total for the remainder:\]** + +&#x200B; + +[GOLDMAN SACHS, MARCH-JUNE. \(this loophole only works once per month on the last day of the month\) $57 BILLION](https://preview.redd.it/c5do6v38pff71.png?width=281&format=png&auto=webp&s=5a9a38d8b0420de216cfb4b49bdffb692124c962) + +***You'll notice a familiar trend with this subset of data. Look at FEB*** *FEB, WUT DOING!?* + +&#x200B; + +https://preview.redd.it/x7vcl3fjqff71.png?width=898&format=png&auto=webp&s=072994980e72eb6b02bc148184e2be03e67af6c8 + +LMFAO, SO YOU'RE TELLING ME, THIS SHIT HAD NO DEMAND IN FEB.. AND BECAUSE APES HELD, ALL OF A SUDDEN, REPO GOES TITS TO THE SKY, AND THERE'S NO END IN SIGHT? + +LADIES AND GENTLEMEN, THIS IS WHY WE HOLD. + +I find it hard to believe that this market magically and mysteriously goes absolutely crazy after a bogus hearing where they tried to paint DFV as the manipulator. + +I really think based off of this data that they never expected us to make it through Feb. They bet on us all selling, calling the squeeze squoze, until DFV blew everyone's mind on TV when he basically testified under oath that, and I'll never forget, "I like the stock. I'm as bullish as I've ever been on a potential turnaround for GameStop." + +This jacks my little tits so nice! + +Not sure what to make of this, as most of us are in Fidelity, and they clearly have the most exposure to the RRP program. + +WUT DOING? + +Here's the rest of the counterparties exposed to RRP: + +JP Morgan + +Legg MasonFranklin TempletonT. Rowe PriceInvescoDWS InvestmentsBank of AmericaDimensionalHSBCAllianceBernsteinPrudentialColumbiaPNC InvestmentsWilmington Funds + +Goldman SachsNorthern Trust FundsFederatedMorgan StanleyDreyfusState StreetVanguardSchwabWells FargoFirst AmericanUBS + +Public Financial Manag... + +Mount Vernon + +American Funds + +[Adding it all up, I'm still missing like 100 Billion? Interest at 0.05 would be 41.6 Billion based on the 860 billion this adds up to.](https://preview.redd.it/ohtku61btff71.png?width=495&format=png&auto=webp&s=4cacd5feba1904fa297f5691b05d1700cac4824c) + +&#x200B; + +WHERE REST OF MONEY YO? + +I think we're missing something... + +AND here's the totals for that day: + +If you add up the difference, the interest made them about 1T. + +&#x200B; + +[https:\/\/www.financialresearch.gov\/money-market-funds\/us-mmfs-repos-with-the-federal-reserve\/](https://preview.redd.it/xrrerijwtff71.png?width=775&format=png&auto=webp&s=83b45af3b4d79b7a08c124e8efab244d268c128b) + +&#x200B; + +[RRP info from that day. 90 counterparties with 991.939](https://preview.redd.it/nq9ass4ztff71.png?width=1008&format=png&auto=webp&s=0974ba22826ae5707a75b8c93a7c913150f44e2f) + +TL;DR + +IDK, shit is whack. and it's because of US based on what I just saw. + +Found like 90% of the counterparties for the RRP market. All I haven't done yet is count the individual counterparties included in this data set. Based on data, APES holding in FEB is a direct cause of the demand for the RRP market likely due to share lending. I'm tired holy shit. + +I believe this website may be missing ONE MMF series... + +&#x200B; + +***MMO SERIES TRUST*** + +&#x200B; + +That's where I look next. + +&#x200B; + +"nOt fINanCiAL aDviCe" +I've recently gotten into stocks, specifically targeting one that return a dividend (hence this question being here). +I've got a few shares in a few different companies, but when do I stop buying into the same companies that payout and instead start looking at other options? +What metrics does r/dividends use to make sure they don't go too far all in? +After my question yesterday on how many stocks you have, I have another. For those who think 10-25 stocks is ideal, do you build up your position in 1 first, or buy a few shares of each and build them all up together? + +I have between 5-30 shares of 16 different stocks right now. Should I be focusing on slowly building them all up together over the next 2 years or go by 1 by one and build up one position at a time before moving on? +I’m still relatively new to stocks and dividends and figuring this out. Apple makes up to much of my portfolio and I’m looking to sell to invest in etfs for long term. I’m just wondering if once apple announces dividends and they’re pending can I sell stock or do I have to wait till i have the dividend in my account to sell? +Although we are standing in the middle of "The Church of Dividends", I think its important that we stop, think and question our current beliefs from time to time. + +Lets try to educate ourselves on both sides. + +Even as a exercise, research and argue for the opposing side. + +Please do not downvote a comment, just because the view is opposing to your own. + +please be civil. + +&#x200B; + +Ben Felix - Irrelevance of Dividends + +[https://www.youtube.com/watch?v=f5j9v9dfinQ](https://www.youtube.com/watch?v=f5j9v9dfinQ) + +Joseph Carlson + +[https://www.youtube.com/watch?v=hkMYKHbLi2Q](https://www.youtube.com/watch?v=hkMYKHbLi2Q) + +[https://www.youtube.com/watch?v=wGsJJ7\_gRRM](https://www.youtube.com/watch?v=wGsJJ7_gRRM) + +[https://www.youtube.com/watch?v=OTi6VBoy-dY](https://www.youtube.com/watch?v=OTi6VBoy-dY) + +Here is the pdf of the original paper from *Franco Modiglian*i and *Merton H Miller*. + +[https://www2.bc.edu/thomas-chemmanur/phdfincorp/MF891%20papers/MM%20dividend.pdf](https://www2.bc.edu/thomas-chemmanur/phdfincorp/MF891%20papers/MM%20dividend.pdf) + +Journal of Business : 1961: Dividend Policy, Growth and Valuation of Shares + +edit: i posted the wrong article/pdf + +Dividend Irrelevance Theory + +[https://www.researchgate.net/publication/287362277\_Dividend\_Irrelevance\_Theory](https://www.researchgate.net/publication/287362277_Dividend_Irrelevance_Theory) + +&#x200B; + +&#x200B; +i see a lot of people sharing their dividend goals and so forth, with their diversified portfolios. im pulling in over 1100 dollars per month from my USOI and SLVO shares alone. + +im new to dividends, but i still dont get why a lot of people go for low yield dividend percentage returns when there are stocks that are paying over 20 percent returns monthly... +If I know I want x amount in income and I have a dividend spreadsheet with the yields, how could I create a goal tracker of sorts that could keep me informed of how much more I need to add? This is assuming I have DRIP enabled. + +Sorry if this is a dumb question but it’s hard to word it correctly to find the info I’m looking for on Google. + +Edit: thank you all for the great answers and resources shared! +I am attempting to start investing in high yield income dividend stocks. I will be investing $50 per week until my Roth IRA is maxed and then increasing to $200 per week in my regular brokerage account. I am just curious on everyone’s opinions whether it would be better to invest in a combo of JEPI/SCHD or invest in a combo of DJIA/QYLD/XYLD/RYLD. I am also open to any other combinations or alternative dividend stocks. I am trying to build up my passive income quickly to help me and my wife have a better life for the future and be less reliant on our regular income. + +Edit: Thank you all for the very helpful advice. +Dropping like a fly these days. I’m in for a few thousand shares and the dividend doesn’t seem like it’ll make up for the share price going lower. Appreciate and thoughts from the r/dividends fam +Hey guys, + +Trying to get the hive-mind thought on DRIP(automatic reinvest in stock the is giving the dividend) verse actively investing dividends with my biweekly investments. I am a very active investor and am always getting up with my portfolio/ looking for new stocks to invest in. I feel like it is better to increase my holdings in stocks i own when the look like a good buy(including dividends) but it seems like alot of people like to have it happen passively, i assume this is for easy not because it is better. But i would like others opinions as theres a possibility i am missing something. + +let me know your thoughts + +thanks +Have any of you members become millionaires +from investing in the stock market? If so, how did you diversify, what +was your initial investment, how long have you been investing? Humble, patient, curious. +I'm starting to invest and understand its a slow & steady race. I enjoy hearing your stories + The U.S. economy created a modest 173,000 new jobs in August to mark the smallest gain in five months, but the unemployment rate fell to 5.1% from 5.3%, the government said Friday. That's the lowest level since April 2008. + +Good enough to show economy is strong but not too good that fed will raise rates in sept. Stocks up? +Chart from Morgan Stanley: [https://i.imgur.com/mH86Ytn.jpg](https://i.imgur.com/mH86Ytn.jpg) + +More info on NBER's business cycle dating procedure: [https://www.nber.org/cycles/recessions\_faq.html](https://www.nber.org/cycles/recessions_faq.html) + +Edit: Just to clarify, the NBER announces the recession by identifying the peak month (i.e. the end of the previous expansion and the start of the recession). This occurs several months after that peak month. + +For example, the NBER officially [called](https://www.reuters.com/article/us-usa-economy-recession/recession-started-in-december-2007-panel-idUSTRE4B05YX20081201) the previous recession in December 2008, by identifying December 2007 as the peak month. Just like in most previous recessions, the time of their announcement was a pretty good time to buy. + +Edit2: As /u/Investingbandit says below, you can sign up for the announcement here: [https://www.nber.org/business-cycle-announce.html](https://www.nber.org/business-cycle-announce.html) +First off, this is my first time posting in this subreddit, so I apologize if this isn't the proper place for this type of question. I had originally posted this on r/careerguidance but haven't had much of a response. I realize that this is somewhat FI related, and thought I might get a bit more discussion going if I posted here as well. I've added a few more details on the financial side (that I didn't really want to get into) that I thought would make this more of a financial question. + +I am currently employed at a job that I enjoy a lot. I'm happy with my pay, I have great benefits (7% matching contribution to a pension plan, health, dental, vision), and I get a LOT of work/life flexibility (7 weeks of vacation time, 12 paid sick days a year (with about 70 banked up already), pressing necessity leave and family leave (I can use up to 5 in a year and they are drawn from my sick days), etc.). My wife also works. We live well within our means and are very comfortable with our current wages. We are able to make extra mortgage payments and we have been putting extra money away into Canada's versions of tax advantaged accounts (RRSPs and TFSAs). The downside, though, is that I've been working in this area for nearly 15 years and in this particular job for over 5 years now. There is not really any room for advancement that I can see with my current organization and I am at the top of my current pay range. I'm happy doing what I'm doing, but things are starting to become routine and I feel like I'd be happy with a new challenge (maybe not now, but certainly within a couple of years at the latest). + +I've been approached by another company and have been offered a job that sounds like it would be enjoyable from a learning perspective (though stressful because it's an industry I've never worked in). They have offered me a decent enough raise that I'm certainly considering the job. There is also room for further career and wage advancement with this new opportunity. The downside, though, is that I would basically get half of the vacation I currently get, sick leave is unpaid, and there is no pension matching. + +I'm really torn on this one. I value my work/life flexibility (especially since my wife is pregnant with our first child), but I am starting to get the itch of wanting to learn something new and I worry about missing out on this opportunity and being bored out of my mind in a couple of years still stuck in my current role with no way of changing it. Although the added pay isn't huge right now, the fact that I would again be able to get raises and that bonuses are fairly standard in the new industry, we could certainly increase our savings rate and be further along the FI path. + +So, after that long winded post, I'm looking for some suggestions on a couple of things: 1) how do you compare competing benefits like work/life balance vs. potential for job growth and learning? 2) For those of you who have raised a family, what was more important to you, increased earning potential and job satisfaction, or being able to be there for all of the important family events? 3) How do you compare shortening your time to FI based on higher a higher wage vs. working nearly an extra month a year for the next 25ish years? + +If you've read this far, thank you very much. I appreciate any advice you might have to offer. I realize this comes down to prioritizing and weighting each pro/con, just having a hard time trying to compare what seem like very different pros/cons. +Cryptocurrencies are equal (treated under certain circumstances) to legal tender. This is Statement of the German government in a new 27.02.2018 VAT law. I think this could bee the way how G20 will discuss cryptos for whole EU. FOMO. + + +Linked to the PDF on Minster of Finance site (in German) with original text: + +http://www.bundesfinanzministerium.de/Content/DE/Downloads/BMF_Schreiben/Steuerarten/Umsatzsteuer/Umsatzsteuer-Anwendungserlass/2018-02-27-umsatzsteuerliche-behandlung-von-bitcoin-und-anderen-sog-virtuellen-waehrungen.html + + +Summary taken from. https://twitter.com/Hofbraeuer/status/969135461452132352?s=19: + +- Converting crypto to fiat is VAT free + +- Mining is VAT free + +- in game currencies are not equal to fiat + +- exchanges are not always VAT free + +- Cryptocurrencies are equal to fiat if they are used as payment and both sides agreed. + + + + +Edit: the part about legal tender is wording in the legal text... Of course it doesn't mean you can go to the next supermarket and force them to be paid with Bitcoin. +For Crypto as an investment you have to pay taxes. + +Sorry for my hype, but I think it is great news anyway. + +Read more about this in comment by phobos0815 + + + + + +This is the original text from the legal text. + +„(3a) 1 +Sog. virtuelle Währungen (Kryptowährungen, z.B. Bitcoin) werden den +gesetzlichen Zahlungsmitteln gleichgestellt, soweit diese sog. virtuellen Währungen +von den an der Transaktion Beteiligten als alternatives vertragliches und +unmittelbares Zahlungsmittel akzeptiert worden sind und keinem anderen Zweck +als der Verwendung als Zahlungsmittel dienen (vgl. EuGH-Urteil vom +22. Oktober 2015, C-264/14, Hedqvist, BStBl 2018 II S. xxx). 2 +Dies gilt nicht für +virtuelles Spielgeld (sog. Spielwährungen oder Ingame-Währungen, insbesondere in +Onlinespielen).“ + +Before I start, let me just say that I am all about the $GME train and hope it is a 1-way trip to Uranus for all those holding with diamond hands. I have been around WSB for years under this username and my other, less anonymous one. Check my other posts to confirm I am not hedgie agent scum. + +Now, to the unpopular part: a word of caution. I see a lot of DD around here analyzing the short interest, the $GME public float, and theories about what that means for the trading price of the stock. Yes, we like the stock. HOWEVER, all of this DD fails to consider one very important variable – the authorized but unissued shares of $GME. + +If you look at $GME’s articles of incorporation (this is the document that gives a company its corporate existence and, among other things, states the number of shares the company is authorized to issue), you will see that $GME is authorized to issue up to 300,000,000 shares. Currently it looks like there are about 70,000,000 shares outstanding depending on whose number you go with. So, theoretically, the board of directors of $GME could issue three times the number of shares that are currently outstanding today. + +Is the board going to do that? Your guess is as good as mine. On one hand, the board is certainly not going to go out of their way to help out a bunch of hedge funds that were trying to total screw them over and drive them into the ground. But on the other hand, the board has a fiduciary obligation to act in the best interests of the shareholders of the company. If they can raise a bunch of money selling stock at a $300+ price level, they have to legally consider it. This could significantly improve their balance sheet by allowing them to take out debt with the cash proceeds from a very rich equity sale. + +So, could they easily issue more shares? The answer is yes. In December, the company filed an automatic shelf registration statement. This allows them to, essentially at any time and very quickly register a follow-on public equity sale. You can bet your ass that these shorts have been making calls into the company to see what the appetite would be in taking this route, which could allow them to get out of their positions for substantially less than would be the case if they had to cover in the secondary market (because, diamond hands, of course). + +Now a couple of good things, even if the board wanted to do this, it seems very risky for all concerned. I think we all know that after the squeeze is done, hitting whatever price it is going to hit ($1,000, $10,000, $42,069???), eventually the price is going to come back to land (could be a week, a month, a year, who knows). When that happens, selling stock at a hugely inflated value based on earning performance (note that I have argued the price today of $GME is totally supported for economic reasons) is going to invite lawsuits galore, so perhaps the board (Which is risk averse by nature) doesn’t want to make a move without letting things settle out. Time will tell. Also, all of this free press has to be a boon for business and I have to believe that the board sees what happened with Robinhood (aka Robbin’ Gainz) where they totally disenfranchised their whole user base in a single day and saw the valuable lesson there. Thus, this is another reason that the $GME board probably won’t issue more shares to screw over the WSB investors, many of whom are their target market. + +All that said, I want to see the $GME rocket broaching interstellar space like the rest of you MONKEs.🦍🍌🚀🌖🌖🌖🌖 + +Also, need to give some love to the rest of the $BANG stocks, $BB, $AMC, and $NOK. 🚀🚀🚀🚀🚀🚀🚀🚀 + +Let’s hope the $GME board also has diamond hands and lets this ship fly!!!!! +💎👋🚀🌖 + +Edit 1: Tl;dr I predict 💎👋🦍🍌🚀🚀🚀🚀🌖, but there is a risk that the company refuels our ship prematurely. + +Edit 2: I will qualify my comments by acknowledging the fact that the NYSE does have a “20% Rule” which generally requires shareholder approval for a NYSE-listed company from issuing more than 20% of its outstanding, so that is a real constrain as well. There are some exceptions to this, but no one wants to read more about this. +My 2001 Holden Commodore has officially passed away. I am devastated looking at car prices for both new and used in Australia during this time. My wife drives a nice 2018 Holden Astra. We paid $12,000 for it around 12 months ago. We discussed trying to make 1 car work but with our schedules, and me working out of town it would be very challenging. I understand that these expenses are an absolute necessity, but my thought process on cars is the whole "just an A to B mobile". + +I was wondering if anyone had any tips, tricks or ideologies to assist me in purchasing a 2nd vehicle? +I dont know if anyone of you ever heard about $KORE. Until few days ago it was being at the same price as the last year, but few whales recognized it and it is climbing steady. +As you can see, the idea is decentralised communication, without the possibility of surveilance from goverment. So new Skype/Viber. + +KORE is not a P&D scam coin where the devs take all the BTC and leave the investors holding the bags while stealing the communities and well meaning peoples ideas. +The head of IT has a signed contract as well as is fully Doxed as are most on the Team. +At the time of release or sooner he and other highly skilled, talented and qualified Team Members and Coders will be public in their representing the KORE Team projects. +It was stagnating for some time before this current developers took it over. Now it is being developed daily. + +As a coins price rises there will be New highs and corrections as with Bitcoin and in time speculators, whales and bots get a hold on the movement of a coins price. + +There are no IP Addresses linking your wallet staking and transactions to your computer. +KORE has integrated the TOR encrytped network for privacy. +What most fail to realize is no matter if you mix coins, have other anonymous tech etc as long as your IP/Computer is attached to that transaction you have no privacy and it is logged into the MetaData collection which include VPNs. +With TOR you are getting staking and transactions encrypted by default and with KORE you don't need to download TOR, go through the rigorous process of properly setting it up and worry about proper usage. + +Current MarketCap is 2,8 million usd which is nothing. Skype is valued at 10 billions minimum. To we can see 100X long term investment minimum, and I would say 10X minimum in very short term. + +Since bloody weekend, Kore had one of the best recovery and is rising steadily. +What do you think about it? + +https://bitcointalk.org/index.php?topic=668886.5280 +Welcome to the /r/CryptoMarkets Daily 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/). + - 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://goo.gl/qnZ1mj). + * 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). Account permissions are required to post comments through Reddit-Stream.com. + + *** + + Thank you in advance for your participation. Enjoy! + +Hey everyone! +So I’m pretty new to crypto ( a few months ) and ive decided to put $75 into crypto every week. Figured this was a good DCA strategy. +I did the math and for me to get to 10% of a Bitcoin would take me 2 years if the price was on average 55,000. +Looking at these numbers I’m wondering if I’d be better off putting my $75 a week into either ethereum or some upcoming promising alt coins like ZIL, ADA or ENJ. +What would you guys do? Just trying to see where my best strategy is to make money in the long run. For let’s say a 5 year investment which coins make the most sense ? +My question is if I am planning on buying a new car and keeping it for 10-15 years, is a 72 month loan *really* that bad of an idea? + +I would be making more than the minimum monthly payments to keep a sort of buffer should something unexpected come up without getting late payment fees or a ding on my credit report +Interesting read. + + *The video game market is consolidating like never before, and Electronic Arts is scrambling like everyone else. The* [*Battlefield*](https://kotaku.com/battlefield-2042-dice-ea-breakthrough-128-player-remove-1848952986) *and* [*FIFA*](https://kotaku.com/next-gen-sports-games-on-pc-always-suck-this-is-nothin-1847278127) *maker recently pursued a merger with NBCUniversal, and also held potential acquisition talks with Disney, Apple, and other companies, according to* [*a new report by Puck*](https://puck.news/brian-roberts-one-that-got-away/)*. While a deal isn’t currently in the works, it doesn’t sound like EA plans to give up anytime soon.* + +[*https://kotaku.com/ea-acquisition-apex-legends-star-wars-fifa-nbcuniversal-1848957274*](https://kotaku.com/ea-acquisition-apex-legends-star-wars-fifa-nbcuniversal-1848957274) + +&#x200B; + +&#x200B; + +^(F... EA) +I know quite a few people that don't invest in literally anything. Whether it's stocks, real estate, education, anything to better themselves/their situation. My simple question is why? For the life of me, I can't figure it out. There's literally zero downside unless you YOLO every dollar you have into something stupid, which I wouldn't exactly call downside. + +1. Thou shall always take 100% daily gains or 200% all time gains. +2. Do not fall into temptation and buy during the first 30 minutes of market open. (Selling positions is still permitted) +3. Thou shall not buy calls on green days. +4. Thou shall not buy puts on red days. +5. Avoid greed and do not buy consecutive options on 1 company. +6. Give thyself at least 3 weeks time to play the option. +7. End your suffering and sell if down 50% all time on an option play. +8. Avoid gluttony and do not day trade options. (Unless it interferes with #1 and #7, Swing trades allowed) +9. Be fruitful, multiply earnings and sell covered calls if holding any. +10. Celebrate and binge drink after big gains (or losses) +I used to be skeptical of the whole gamestop moass thing but I finally decided to stop just assuming you apes were deluded and the whole thing was already over and actually *looked into it* and I think you guys might be on the cusp of something insane. + +Historical maybe. + +I hope it happens for you guys (well actually now I know it basically *has to* especially with the DRS'ing, the improved financial situation at GME and the upcoming NFT thing) and I am here to say good luck with the earnings call and press conference (there is a conference after/the next day, right?) and I hope you guys blow this whole shit apart. + +A lot of people have rolled their eyes at you guys, myself included and in the next few weeks you might make the entire fucking world take notice and all of us smarmy skeptics will eat a ton of shit. *And it will be glorious*. + +I hope those shorts went long on lube 'cause they're about to get *fucked*. +TL;DR Gamestop announced they have an option to print 5 million shares. Find the link in the other hundred threads about this. I'll just provide some other information. + +They are giving themselves the **option** of selling 5 million shares to raise capital, should it be needed. It is currently not needed. + +This is standard for any public company, since the option must publicly be announced to investors. It happens during practically every annual general meeting, and is a fail-safe put in place to avoid unforeseen financial catastrophe, or allow for a specific business strategy. It does not mean things will happen now, or tomorrow. It just means the option is available. +Hi everyone, I am learning how to trade options and been doing Papertrade for 2 months now. On Sep 8th, I **bought twelve 31 PUTs exp 15 OCT 21** for **ELAN at $0.30**. Yesterday I entered a **limit sell order at $0.65**. Weird thing is, when the market opens today, my **sell order get executed at $6.20**, an extremely high price even though it's **never In The Money**. Is this some glitch of PaperTrade or is there an actual reason for this? + + +*P/S: I do PaperTrade on ToS* + +[Buy Order Executed on Sep 8](https://preview.redd.it/1uefo0xgkvn71.png?width=1698&format=png&auto=webp&s=8d78d0c5a97a857a030582f6a9fcbe4b975ebb0d) + +&#x200B; + +[SellOrder Executed on Sep 16 ](https://preview.redd.it/x0ny07kmkvn71.png?width=1704&format=png&auto=webp&s=d63513532271841c944b84918edd198f9cf32dce) +Has anyone been sent any materials yet? How do we actually vote? Usually for all my other holdings I’ve ignored voting.. can anyone shed some light on the process through TD? +&nbsp; +EDIT 1: Don't why so many downvotes, but I got my control # after calling TD Direct Investing and getting transfered to a licensed broker. She said I was the FIRST person to ask her this.. everyone needs to call for their number and vote if they haven't yet! Ryan Cohen + DFV needs us!! +EDIT 2: Gamestop's voting link starts [here](https://news.gamestop.com/proxy-online-0) BUT it didn't work for me or /u/33rus. You'll have to go to proxyvote.com [here](https://east.proxyvote.com/pv/web) instead. Don't worry it's not sketch, see [this post](https://www.reddit.com/r/DDintoGME/comments/n0xa53/why_you_shouldnt_be_concerned_that_the_control/) for the detailed explanation of different links +Energy, commodities, banks, telco, industrials. These are some of the sectors that I keep hearing about on TV that are piosed to shine in 2021 and tech will take a back seat. How are you positioned for 2021? +Anyone else notice this trend? My portfolio has been holding steady through the last month even with the volatility in other sectors. When I took an in depth look, BEP, RNW, AQN, and INE are all up significantly over the last 30 days. + +All 4 of those tickers pulled back about 20% in 2022, and all appear to have regained the lost ground now, sitting flat compared to this time last year. + +Are we expecting another push for renewable energy? Maybe it's due to high conventional energy prices? +Thoughts on the effect on oil? + +Seems like a big deal. + +[https://www.bnnbloomberg.ca/commodities/video/u-s-bill-to-place-tax-on-canadian-crude-imports\~2159433](https://www.bnnbloomberg.ca/commodities/video/u-s-bill-to-place-tax-on-canadian-crude-imports~2159433) +Thoughts on chorus aviation going forward? Air travel will back eventually, and I feel national travel will come first and quicker than international travel. + +The dividend should come back eventually as well. It peaked in the 8s and is now holding steady under 4. + +What are people thinking about this? Could be a good time to grab a whole bunch. Plus a buyout could be possible. Who knows. Looking to see if anyone has done some more detailed recent research. + + +* **Fourth quarter diluted Earnings Per Share (EPS) was $7.97; normalized diluted EPS grew 51.9%** +* **CTR comparable sales grew 12.8% and consolidated comparable sales grew 9.5% in the fourth quarter** +* **Fourth quarter Retail segment normalized income before income taxes increased by 70.1%** +* **Full year 2020 eCommerce sales across all retail banners soared to $1.6 billion, up 183%** + +[https://corp.canadiantire.ca/English/investors/financial-news/financial-news-details/2021/Canadian-Tire-Corporation-Announces-Outstanding-Fourth-Quarter-and-Full-Year-Results-Powered-by-Extraordinary-Performance-at-Canadian-Tire-Retail/default.aspx](https://corp.canadiantire.ca/English/investors/financial-news/financial-news-details/2021/Canadian-Tire-Corporation-Announces-Outstanding-Fourth-Quarter-and-Full-Year-Results-Powered-by-Extraordinary-Performance-at-Canadian-Tire-Retail/default.aspx) +***May 8th closing price:*** + +Chartwell Retirement Residences $8.47 | DivY 7.23% + +Sienna Senior Living Inc $11.95 | DivY 7.83% + +Extendicare Inc $5.84 | DivY 8.21% + +&#x200B; + +**Initial Comments** + +Expanding on my thoughts from a [post](https://www.reddit.com/r/CanadianInvestor/comments/g2g7qd/cshun_chartwell_provides_business_update_related/) I made a couple weeks ago regarding the senior homes and retirement living sector. I've completed a lot of research on the space and sharing my ideas not only to vocalize but receive other opinions as to avoid having blinders on. + +Disclosure: I've made a personal 'ETF' of senior healthcare providers that is now CSH.UN (40%), SIA (35%), EXE (25%). I've been adding to my positions on down days and comfortable holding these with a time horizon of 3 to 5 years. + +On April 27th my preset limit sell orders for EXE triggered in two separate trades: 50% at 6.64 and remainder at 6.76. EXE kept testing resistance (6.58-6.69) but was having a hard time breaking the gap down close from March 11th (6.67). Was pleasantly surprised with the quick flip and since re-entered at 6.01. + +**An important consideration is the market for retirement homes in a province or the country is not homogenous**, many of the retirement homes we hear about in the news are often smaller private companies that do not have the corporate reach or buying power of Chartwell, Sienna and Extendicare. There’s a lot of negative press in the media currently which brings me to expand on the contrarian saying "buy when there is blood in the streets". **We're not talking about a sector that has negative cash flows for the next foreseeable future** (ex. Airlines, Oil, Service and Restaurants). Chartwell recently confirmed that all April and May rent and service charges have been collected. Further, the folks staying at these places are not impacted by job losses as their **main income sources are personal savings, private/public pension monies, CPP, or paid directly by fixed payments from governments. Governments have also recently introduced funding initiatives to help offset the higher expected costs.** + +All of the three companies have released updates regarding the havoc COVID-19 is having on our seniors and front line workers. Statements found here > [CSH](https://investors.chartwell.com/English/press-market-information/press-releases/default.aspx) [SIA](https://www.siennaliving.ca/covid-19-update) [EXE](https://www.extendicare.com/about-extendicare/news/news-84) . I do not diminish the toll this virus is taking on real people and I acknowledge the human element this is having on folks. In due course we will preserver through this pandemic but none of us have a crystal ball as to when this will end. + +**Occupancy Rates** + +In recent earnings conference calls and news releases, all mentioned companies warned of the material impact to their books and normal operations. + +The pandemic is impacting occupancy rates as homes are restricted to essential visitors and workers only. CSH and SIA advised there are no in-person tours taking place right now and virtual/digital tours are available. I'm making the assumption that move-ins will be near zero, on a relative basis, as folks will not move their parents into homes and risk losing them. I would argue that any potential occupancy increase from virtual tours is vastly over shadowed by seniors moving out due to illness fears. Chartwell disclosed that retirement home occupancy as at April 30th was 85.7% which implies a 170 bps decline from a month prior. I think it is fully realistic to assume the May & June net new move-ins will remain near zero. As such we should expect a 3-4pp decline in occupancy over the March to June period and perhaps a 4-6pp inclusive of July and August. **We'll require a vaccine, an end to the pandemic, and/or a return to a more normalized influenza rate before occupancy rates dramatically increase for private retirement homes (CSH and SIA). Long term care (LTC) continues to be fully funded and regulated by all governments which will continue to positive provide cash in flows to EXE, as +/- 69% of their F19 revenue was LTC related.** + +&#x200B; + +**Provincial Funding** + +There are cost pressures impacting the sector in the near term, as supplies and labour costs increase due to respective demand and supply constraints. These costs may be somewhat offset by lower marketing expenses, cancellation of extracurricular activities, deferred tax expenses, and incoming funding from provincial governments. By no means do I believe the provies funding will increase profits or provide a swoon to the balance sheet of operators. Quite the contrary, once the funding pool is depleted, we should continue to expect higher wage and supply costs in the post-COIVD world. Front line health care workers will rightfully demand higher livable wages due to their essential service and governments could introduce legislation to assist in their flight. + +Ontario + +* $243 million for LTC +* $20 million for Retirement Residences + +Quebec + +* $410 million for sector + +BC + +* $10 million so far, but I feel that I'm missing something here. + +&#x200B; + +**The Future** + +In the near term the operating environment will be extremely difficult. In the long term lens one cannot escape the reality of the impending demographic shift as early baby boomers enter their *golden* years (folks born at the conclusion of WWII are 75 this year). The demand for assistive health care services; such as, Independent Living, Independent Supported Living, Assisted Living, and Memory Care is not dissipating any time soon. Unlike other industries, \*cough airlines, these companies will continue to have positive cash flows, albeit at a reduced rate. The current dividend payout is 7.76% in an equally weighted basket of all three companies. + +**The Risks** + +New Government Regulation, Weakening of Canadian Housing Market, Prolonged Pandemic Period, Increased Costs, Lower Occupancy Levels. + +**Questions on My Mind** + +Will governments create more regulation that will impact profitability? Can new regulation cause smaller independent players to fold or even restrict access to the market for new applications. Could there be further consolidation in the sector or the larger names buying out the smaller names. + +Will folks stay at home longer thereby delaying their move into retirement centres? +Will there be a weakening of the Canadian housing market that will decrease the value a senior can sell their property for? Will the fear of an impending Real Estate correction drive seniors to sell now or take out reverse mortgages? +***May 8th closing price:*** + +Chartwell Retirement Residences $8.47 | DivY 7.23% + +Sienna Senior Living Inc $11.95 | DivY 7.83% + +Extendicare Inc $5.84 | DivY 8.21% + +&#x200B; + +**Initial Comments** + +Expanding on my thoughts from a [post](https://www.reddit.com/r/CanadianInvestor/comments/g2g7qd/cshun_chartwell_provides_business_update_related/) I made a couple weeks ago regarding the senior homes and retirement living sector. I've completed a lot of research on the space and sharing my ideas not only to vocalize but receive other opinions as to avoid having blinders on. + +Disclosure: I've made a personal 'ETF' of senior healthcare providers that is now CSH.UN (40%), SIA (35%), EXE (25%). I've been adding to my positions on down days and comfortable holding these with a time horizon of 3 to 5 years. + +On April 27th my preset limit sell orders for EXE triggered in two separate trades: 50% at 6.64 and remainder at 6.76. EXE kept testing resistance (6.58-6.69) but was having a hard time breaking the gap down close from March 11th (6.67). Was pleasantly surprised with the quick flip and since re-entered at 6.01. + +**An important consideration is the market for retirement homes in a province or the country is not homogenous**, many of the retirement homes we hear about in the news are often smaller private companies that do not have the corporate reach or buying power of Chartwell, Sienna and Extendicare. There’s a lot of negative press in the media currently which brings me to expand on the contrarian saying "buy when there is blood in the streets". **We're not talking about a sector that has negative cash flows for the next foreseeable future** (ex. Airlines, Oil, Service and Restaurants). Chartwell recently confirmed that all April and May rent and service charges have been collected. Further, the folks staying at these places are not impacted by job losses as their **main income sources are personal savings, private/public pension monies, CPP, or paid directly by fixed payments from governments. Governments have also recently introduced funding initiatives to help offset the higher expected costs.** + +All of the three companies have released updates regarding the havoc COVID-19 is having on our seniors and front line workers. Statements found here > [CSH](https://investors.chartwell.com/English/press-market-information/press-releases/default.aspx) [SIA](https://www.siennaliving.ca/covid-19-update) [EXE](https://www.extendicare.com/about-extendicare/news/news-84) . I do not diminish the toll this virus is taking on real people and I acknowledge the human element this is having on folks. In due course we will preserver through this pandemic but none of us have a crystal ball as to when this will end. + +**Occupancy Rates** + +In recent earnings conference calls and news releases, all mentioned companies warned of the material impact to their books and normal operations. + +The pandemic is impacting occupancy rates as homes are restricted to essential visitors and workers only. CSH and SIA advised there are no in-person tours taking place right now and virtual/digital tours are available. I'm making the assumption that move-ins will be near zero, on a relative basis, as folks will not move their parents into homes and risk losing them. I would argue that any potential occupancy increase from virtual tours is vastly over shadowed by seniors moving out due to illness fears. Chartwell disclosed that retirement home occupancy as at April 30th was 85.7% which implies a 170 bps decline from a month prior. I think it is fully realistic to assume the May & June net new move-ins will remain near zero. As such we should expect a 3-4pp decline in occupancy over the March to June period and perhaps a 4-6pp inclusive of July and August. **We'll require a vaccine, an end to the pandemic, and/or a return to a more normalized influenza rate before occupancy rates dramatically increase for private retirement homes (CSH and SIA). Long term care (LTC) continues to be fully funded and regulated by all governments which will continue to positive provide cash in flows to EXE, as +/- 69% of their F19 revenue was LTC related.** + +&#x200B; + +**Provincial Funding** + +There are cost pressures impacting the sector in the near term, as supplies and labour costs increase due to respective demand and supply constraints. These costs may be somewhat offset by lower marketing expenses, cancellation of extracurricular activities, deferred tax expenses, and incoming funding from provincial governments. By no means do I believe the provies funding will increase profits or provide a swoon to the balance sheet of operators. Quite the contrary, once the funding pool is depleted, we should continue to expect higher wage and supply costs in the post-COIVD world. Front line health care workers will rightfully demand higher livable wages due to their essential service and governments could introduce legislation to assist in their flight. + +Ontario + +* $243 million for LTC +* $20 million for Retirement Residences + +Quebec + +* $410 million for sector + +BC + +* $10 million so far, but I feel that I'm missing something here. + +&#x200B; + +**The Future** + +In the near term the operating environment will be extremely difficult. In the long term lens one cannot escape the reality of the impending demographic shift as early baby boomers enter their *golden* years (folks born at the conclusion of WWII are 75 this year). The demand for assistive health care services; such as, Independent Living, Independent Supported Living, Assisted Living, and Memory Care is not dissipating any time soon. Unlike other industries, \*cough airlines, these companies will continue to have positive cash flows, albeit at a reduced rate. The current dividend payout is 7.76% in an equally weighted basket of all three companies. + +**The Risks** + +New Government Regulation, Weakening of Canadian Housing Market, Prolonged Pandemic Period, Increased Costs, Lower Occupancy Levels. + +**Questions on My Mind** + +Will governments create more regulation that will impact profitability? Can new regulation cause smaller independent players to fold or even restrict access to the market for new applications. Could there be further consolidation in the sector or the larger names buying out the smaller names. + +Will folks stay at home longer thereby delaying their move into retirement centres? +Will there be a weakening of the Canadian housing market that will decrease the value a senior can sell their property for? Will the fear of an impending Real Estate correction drive seniors to sell now or take out reverse mortgages? +the shitty part about this community from what i have seen so far is people hope for mass adoption one day or at least for more people to become apart of the community... yet when I or other newbies ask basic questions we get destroyed. bought my first 50 worth of BTC today and asked a basic question about fees and why my portfolio was already negative despite buying at a lower price than current price and this dickhead was just like "this isn't meant for you" + + +im here posting this partly to rant but also to plead with you all during this time to chill the fuck out and be more welcoming to newbies like me... its pretty ironic because you will have an a effect on the future of BTC more than you think by being a pompous asshole + +shoutout to the real heads that have been helping me out. happy to have bought in and i made a vow to become more educated on these topics... like jeez sorry i wanted to buy in now when its low before i knew that much. i still know enough to understand the fundamental concepts +We all know how crucial the power of compounding is when it comes to FI. It got me wondering, why don't governments set up plans to become "FI" themselves? + +Let's suppose a government sets up a "modest" (in terms of government) fund of $10M today to fully track a world index of stocks. After factoring growth, dividend reinvestments, and reducing for loss via inflation let's assume this grows 6&#37; annually. Beginning in the year 2271 using the 4&#37; rule they could start withdrawing $1 trillion...per year. + +Individuals don't have time on their side when it comes to compounding, but stable governments do. Why don't we hear about governments trying to do this today? Sure you need to wait a couple hundred years at first but wouldn't this be ideal for future generations? +I thought I had a brilliant, fool proof strategy that the market didn't know and I was first to discover but I was wrong. + +The strategy: Find weekly options deep out of the money that yield at least 0.5% of the capital requirement. The shot strike price must be below the 200 moving day average and you leverage up to get decent premiums. + +I started this in May 2021 selling deep out of the money TSLA naked puts. Then I realized this uses too much margin, so I learnt about credit spreads but I didn't act on it. Then came big tech earnings week and I decided to lay low and not trade at all, but then my tool scanned and found the AMZN deep out of the money puts are yielding similar returns to TSLA, which is basically almost impossible to find in the market unless it's something like AMC or other meme stocks. + +I decided to pull the trigger, so I sold 3280 shot, and bought 3200 long on 7/28 expiring 7/30. AMZN was trading north of 3650. I was certain it wouldn't drop 10% or even get close. + +Well after hours happened and I paniced, my life flashed before me, I had levered up $525000 in my account, and I also had levered up my wife's account for $280,000 for a total of $800,000. + +This wasn't a YOLO, it wasn't a double my money scheme. I was thinking I could do this 52 weeks in a year, collect 0.5% yield on $800,000 of collateral and move to Hawaii. + +It didn't work out like that. When the markets opened, I got out of the position with $76K of damage, and wiped out all my gains and then some, but I'm thankful to everyone who helped me here on reddit (elsewhere) and WSB discord, and of course my wife who when she found out we'd lose $800,000 just said, don't worry at least we'll be together. + +So cautionary tale for those selling levered up bull put credit spreads and/or naked TSLA puts, those black swan events you don't think you can get close to ... well you can. + +EDIT: I lost $76K closing the position. + +EDIT 2: I had all my margin used up, so I needed to wire in more cash, which thankfully my broker makes available immediately, so that's how I actually closed the trade. + +EDIT 3: Please note, this was not a YOLO, I was not considering this as a gambling thing, but of course I know how it is now, but I'm not a YOLOer is what I wanted to say. + +EDIT 4: I have hundreds of DMs asking me how I found the spread, I will buy a new domain, host my app on that and you can all have at it for free. But I mean I hope you know it's not as good as it sounds given my post. + +EDIT 5: Proof: [https://imgur.com/a/HK0D5Yp](https://imgur.com/a/HK0D5Yp) + +EDIT 6: Many of you are commenting here, and DMing why I closed the position. I've had more hours to reflect on this, and I think I was worried about being unable to close the trade due to (potentially) diminishing buying power. I closed the trade about 4 minutes into the session so I did think twice about not closing it, but I don't know I made a judgement call. So ultimately, risk management and position sizing were the fatal flaws of this trade. On a side note, I wish broker dealers would let you CLOSE your positions if you have enough collateral even if you have exhausted your buying power due to Reg T rules. + +EDIT 7: I've been told this has happened here before, look at this guy: https://www.reddit.com/r/wallstreetbets/comments/h0l5uw/200k_yolo_on_spy_612_314_312_puts_credit_spread/ +Obviously this is the question on everyone’s mind. Not original but I’m genuinely interested to hear what ppl think. Is it just “one bad day” as the Joker says, or is there going to have to be something extreme. I’m thinking it’ll be something like a missed earnings. Then it falls off 40% + +Or maybe buy the dip catches it immediately. Idk I am no god +For the last few months my accounts have been collecting dust while I went unpaid. I finally got some paychecks and it feels amazing to use my card again! How do people live with such luxury? + +Just wanted to share my excitement, it's a nice change from the last 4 months counting pennies and eating canned food + pasta +I'm new to this and have not bought a property yet. After doing research I've found that analyzing a deal only takes me like 3 minutes and the math is pretty much only addition and subtraction. Am I doing something wrong/leaving something out or is it actually this simple? I'm looking to buy and hold +Hi all, + +I am thinking about buying some land and build storage units on there, including multiple sizes from 5x5 to 10x20 etc, depends on lot size and budget after acquiring. + +Has anyone have any experience in this type of investment that can share? Really appreciate it. + +Edit: Location is Arizona, US +I am curious how many others have the same position as me. I own a pretty good sized portfolio. However, due to my growth plan, my cash flow isn't what most would envision. I have maybe $10M in equity but most of my P&L goes to principal paydown. I am trying to determine if I should slow down my growth and just let things ride for a bit so my interest decreases with principal paydown, while natural rent growth occurs to get in a better cash flow position, or continue to go for heavy growth knowing cash flow will remain low but it'll be a larger payoff one day when I divest some. +I currently live here in Chicago, but I want to know if this is a good market to invest in during the next few years while considering the effects of the pandemic. I’m pretty young, so I can always consider other markets. +I am currently 23 years old with a finance job in NYC and looking to buy a property in North Carolina for 315K. I have enough to put down 40% but will utilize a portfolio backed loan from my brokerage account to finance the 3.5% + closing costs on the FHA loan. + +My plan is to move back to Charlotte as my job does not expect me to come back into the office until end of 2021. I have the option to WFH indefinitely if need be. I plan to live in the house for 12-18 months but am expecting for my next promotion in 18 months -24 months to accept a role in chicago. From what I’ve read on investopedia as long as you live in the home for more than a year you can transition it into an investment property afterwards. Can someone confirm the accuracy of this? + +My parents live in the neighborhood so I can relatively easily turn this into an investment property if I decide to take the promotion in chicago. +Hey there, + +I'm looking for honest feedback, I hope someone can help me out. I'm a 39 yo female who is now seriously considering investing in multifamily homes in the town where I live. I'm saving up for a downpayment and I've been reading as much as I can about house-hacking. I'm currently saving up for a 3.5% downpayment. There is something that gives me pause, however. I've never had to fix anything around the house. I've been a renter for most of my life, so even though I want to get started, I worry that I won't have enough resources to learn from or that I'll have to outsource basic repairs. It's not that I don't want to fix stuff. It's that I worry that I'll make things worse. + +All I have is Youtube and books right now. Is that enough? + +Has anyone been in a similar situation getting started? How did you all learn? Is it possible to move forward and still expect a good cashflow, provided I do the math and purchase a good property? I already know that I need some sort of property warranty. I plan on asking for one. + +Thanks in advance! +A builder I have discussed a few deals with approached me with a project. I couldn’t make a new construction deal work so he is going to fund the construction of a new duplex that I design (I pick the floor plans/all cabinet/countertops/floors/fixtures/etc), and then when it’s done I will take an FHA loan out and live in one side of the duplex. Rent the other. + +Cost of duplex will be $185-$195k including the lot (there is also room for one more duplex in the future). Rent for both sides combined will be $1700 when I’m not living there. Rental properties are in very high demand due to the town growing like crazy. Also a college town. + +I’ve read what seems like a million articles and probably 15-17 books on real estate. Am I being too optimistic and ignoring the 1% rule for this deal? +I've had 1 rental home for 9.5 years. Prior to that, it was my primary residence. I refi'd it recently w/ Quicken + +We close on what will be our new primary res next week, and will use current home as rental #2, probably starting in Feb '18. Also refi'd that w/ Quicken a few years back. + +I actively manage & maintain Rental #1, and plan on doing the same for #2 + +I'm looking to (finally) get an LLC for them, however a Quicken rep I chatted with online said that they (and Fannie Mae) explicitly DO NOT allow the properties to be transferred to an LLC. + +My question is, *is* that a necessary step, or can I create and take advantage and LLC and the protections it provides while keeping the properties under my own name?? + + +Hi. I am a single woman, and I am thinking about buying rental properties. The only thing I am worried about with having rental properties is that if something needs fixing, big or small, what do I do? If it's something small like their faucet is leaking, I guess I can find a handy man. But how much do I pay him? for parts and labor? maintenance is the only thing stopping me from going into the landlord business. Does anyone on here have rental properties and do not do any maintenance themselves but hire others to do jobs big and small? Do you have any advice for me? +Hi + +edit: I tried googling this, but just got "how to cancel your own SOs" not ones being made to you + +Before covid, I did some work from a client, they only wanted to pay for half of what I invoiced, it ended up going to court, and I won. + +The entire ordeal was messy and he made big threats against me for taking them to court and I want to avoid contact with them in any form. + +The problem is, they set up a standing order of £35 per week into my personal bank account to pay off the entire debt, and have clearly forgotten about it (as have I to be honest) but today I crunched the numbers and have seen he has overpaid by £680 and is still paying me every week. + +I don't want to contact the person, I'll give back the money no problem but I just want to wash my hands of this situation without involving them. + +I don't see "waiting and seeing my bank balance get larger" as a suitable alternative, as this is just kicking the hornet's nest. +Curious how much of a premium you would place on a home garden, established fruit trees, berry shrubs and that sort of thing on a residential block when looking for a house to buy. +Obviously there are a million variables but just curious what your take is, how would you evaluate it? +With an additional 129.48 due at payoff, but I’m calculating that separately. + +This is what it cost me with credit under 500 to get a new vehicle, a 2017 Toyota Yaris iA, as a second generation immigrant from Stirling, Scotland, who moved to the US as a kid. I was an idiot 24 year old who had just gotten a job that paid 40k annual living in an apartment with split rent, and I wanted something, ANYTHING, that wouldn’t fall apart on me. I was bullied into the model by the salesperson after trying to haggle and being told I had no room to negotiate because of bad credit. Credit that I didn’t realize was bad because a family member had stolen my ID and used it to go the the emergency room and left a 2k bill in my name for 3 years. I didn’t know how to check my credit before then, I sure do now. I also didn’t know how to budget, another skill learned after my neighbors got in a gunfight at my apartment and I had to move, and my roommate wanted to fly solo. I was stuck paying $511.68 monthly plus full rent and utilities and dog care. My girlfriend at the time, now wife, was still in school and worked, and it was all she could do to handle paying her phone, car note, insurance, and food bills, so I couldn’t (and wouldn’t) have asked her to move in with me. + + +I hunted for new jobs constantly and worked myself nearly into the hospital at a tech support call center for hospitals. I donated plasma at lunch far too often just to make ends meet, and I’m left with needle entry scars that make me look like a junky if I don’t wear long sleeves even in the blistering summer of southern Alabama. Shout out to the KED Plasma centers of the US, I wouldn’t have had groceries without ‘em. + + +After a couple of years and 2 moves due to either landlord issues or apartment manager problems and a big career change into programming, I’m still not in the green but I might be able to start paying on my 30k in student loans, make a savings account, and contribute to the mythical 401k I’ve heard all about. + + +I’m scared to even post this out of fear that I will jinx it. And even though I’m miserable and disillusioned with my job and I haven’t been able to afford to see a therapist or medicate myself in years, I have an amazing wife, an excellent and supportive friend group, and 2 really great dogs. So here’s to hope. Hope that the future, and that this tedious path we walk together on this sub leads to bright shores on a summer horizon for all of us. Cheers, lang may yer lum reek. +Due to the high volume spam that has overwhelmed our automoderater and the spam making it impossible to manually deal with, we have blocked all posts & comments for now. + +Some useful links for today: + +* The daily (Wednesday 27th) discussion [can be found here.](https://www.reddit.com/r/stocks/comments/l5zkln/rstocks_daily_discussion_wednesday_jan_27_2021/) +* previous GME & BB discussions [can also be found here.](https://www.reddit.com/r/stocks/comments/l4ov6a/bb_vs_gme/) +* The portfolio sticky [can be found here.](https://old.reddit.com/r/stocks/comments/k4jnqt/rate_my_portfolio_rstocks_quarterly_thread/) +* Recent min account age & karma[ temporary change can be found here.](https://www.reddit.com/r/stocks/comments/l5beac/can_we_add_a_karma_requirement_or_something_to/) +* I just started a [non-meme large cap discussion here.](https://www.reddit.com/r/stocks/comments/l6d05i/nonmeme_large_cap_discussion_thread/) + +**update:** you can now comment, but not post + +Update 2, doesn't even have to be said, everything back to "normal" +Okay so I’ll just say my thanks for your replies here as I don’t want to go through all the comments and thank them individually, sorry if that seems rude. + +I am 19 years and right now I am contracted to 18hrs at £9.75 per hour. Overtime is always available as I am one of the better members of staff at what I do. I am anticipating to be working 34.5 to 35.5 hours a week which works out at around £305.36 per week (I live in Scotland so tax is a little higher). I am not looking for anything fancy or a fancy lifestyle. Looking at rent in my local area it’s around 425-440 per month for a 2 bedroom house. I do not currently drive but I am taking lessons and expecting to pass by January/ February time. Due to my age I have a free bus pass so transport is not an issue. Let me know if you need anymore info. + +Edit: Thanks to all who responded I’ll take your advice on board, I was just curious if you thought it was a good idea as my mum who I live with, would make less money than me +Earlier this week, a post claiming that $AABB was a scam gained quite a bit of traction in this subreddit. The post may have ultimately been responsible for a 66% reduction in the stock's share price. + + +It seems like the company is aware of the events that happened earlier this week on this subreddit and have dropped an official response this morning: + + +[https://finance.yahoo.com/news/asia-broadband-providers-communications-133000460.html](https://finance.yahoo.com/news/asia-broadband-providers-communications-133000460.html) +I love soups, stews and chili's but I've never made any myself. My cooking skills aren't bad but many recipes I see online require ingredients and/or cookware I don't have or can't afford or require things like red wine and coffee grounds which I don't know how to cook with or what kind of red wine or coffee beans to get. In just about any poverty thread about food I see people always mention these three things and talk about "just throwing whatever you have in there". So poverty cooks, can you help a guy out? + + +[S&P Corelogic Case-Shiller Index Continued to Decline In October - Index Announcements | S&P Dow Jones Indices (spglobal.com)](https://www.spglobal.com/spdji/en/index-announcements/article/sp-corelogic-case-shiller-index-continued-to-decline-in-october/) + +The National Index declined for less than forecast and less than previous month. + +Part of my thesis for 2023 is that inflation will prove stickier than expected. Many expect tremendous relief due to "housings" total value in CPI, PCE. + +Variables: + +* The labor market continues. Has it slowed. Yes, but from a torrid pace. Surrounding data points (JOLTs, initial jobless claims, unemployment, jobs, wages) remain robust as measured against the most recent labor market cycles (2000s, 2010s). [The Employment Situation - November 2022 (bls.gov)](https://www.bls.gov/news.release/pdf/empsit.pdf) [Job Openings and Labor Turnover - October 2022 (bls.gov)](https://www.bls.gov/news.release/pdf/jolts.pdf) [News Release (dol.gov)](https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20222360.pdf) +* [The Fed - Excess Savings during the COVID-19 Pandemic (federalreserve.gov)](https://www.federalreserve.gov/econres/notes/feds-notes/excess-savings-during-the-covid-19-pandemic-20221021.html) Savings. While savings rate has gone low, it's still positive, and there remain excess savings from COVID (JPMorgan did a report that they expect that to run out in summer/fall of 2023) +* [National Mortgage Database (NMDB) Aggregate Data | Federal Housing Finance Agency (fhfa.gov)](https://www.fhfa.gov/DataTools/Downloads/Pages/National-Mortgage-Database-Aggregate-Data.aspx) According to FHFA 85% of homeowners with a mortgage have one at less than 3.5% interest. +* [Microsoft PowerPoint - ReportData\_template.pptx (newyorkfed.org)](https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2022Q3) People make a lot of the nominal amounts of household debt. But they don't seem to look at the status of the debt and households economic status. High credit scores, higher limits on credit cards vs total credit card (i.e. plenty of available credit), total balances of delinquencies rates which remain as low as they've been since the 90s, HELOCs were taken very low so homeowners have lots of equity, transition to delinquency remains at low levels going back to the 90s, and all categories (like mortgage deliquencies) remain below pre COVID levels (except HELOCs). +* [Existing-Home Sales (nar.realtor)](https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales) [United States - Existing Home Sales: Months Supply - 2022 Data 2023 Forecast 2013 Historical (tradingeconomics.com)](https://tradingeconomics.com/united-states/existing-home-sales-months-supply-fed-data.html) Traditionally, 6 months of existing home supply represented a balanced market. We can see the current supply remains far below that. + +Conclusion: + +My opinion is still the same. + +Inflation will prove stickier. Housing will remain high. People who build homes turned that off, existing home listings remain way down, the supply to the market is low. People do not have to sell their house because they are employed, gaining income, and have savings. Household debt is in fantastic shape and consumers can easily withstand increases in it. The labor market continues to favor employees to switch jobs, demand better wages. + +Therefor, the Fed will keep rates higher until it causes the labor market, consumer spending, housing, to turn appreciably negative (shallow recession). It won't cut the rate unless the recession turns ugly. The stock market will grind lower. + +Black Swan: + +China COVID. Who knows how the supply chain gets disrupted, the level of global infections could be higher than ever seen, it could spawn a new variant that is more deadly, more contagious, evades prior antibodies better. If that caused a pull back, leading to recession, inflation will come down, Fed could pivot. +This is to all you regards out there spam posting about how “everything is over” and “don’t be a bag holder.” Ryan Cohen revealing he owned a massive stake in BBBY was not the reason for the initial run-up, and it has nothing to do with how many shares are outstanding. + +Obviously his sale will take the stock back down below $15 (where he announced his stake) but what does that have to do with the short interest? Absolutely nothing. Paper hands can’t even sit on their shares for a week, and fall for the first attempt to get them to sell out. + +Those who bought below $15 are still holding. Those waiting for the shorts to exit their positions are still holding. The stock will slowly rise back up after all of this negative attention, and suddenly you’ll be buying back in at $20 like everyone else. Stop buying calls that expire in 2 days expecting massive gains. Buy shares, sit down, shut the fuck up and wait. + +Position: 200 shares @ $10.80, selling covered calls to dumbasses. + + + +Come back to this post in a week and cry about it. + + + +Edit: It hasn’t even been a week. Cry about it. +It seems that most people who FIRE here do so through securities in the markets, which are relatively easy to manage in retirement. But most of my net worth and planned FIRE cash flow is from rental properties. I'm currently at 4 units and should have 5 in a few months, and from there I plan on increasing my net worth through securities and other, more passive investments. + +In addition, I am most likely going to receive inheritance in the next few years that will increase my property portfolio to anywhere from 15-25 units. Some of those units will have an on-site manager, but close to half would not. + +I'm in my mid 30s so I don't mind actively managing it, but I see my parents and older relatives still actively managing into their 70s. I feel like even with a management company, there is quite a lot of work, but I don't work with any personally at the moment. + +Ultimately my question to anyone out there is, even if I were to pass all of my properties to a management company, do people still feel like they are truly retired if they are dealing with these properties all the time? +Feels good. It’s a small dent overall, but considering how long I’ve had these cards maxed out, it’s a significant move. + +I’m hoping by the end of the year, I’ll be credit card debt free! +Let's say I buy 10 Call option of Apple at a strike price of $220. + +Apple current price : $210.24 + +The price in 3 months goes to $300 + +My account currently has $1000 + +Can I exercise this option or do I need money? + +Sorry I'm new to this! +Last week I tried out some box spreads for the first time. It wasn't my first choice of positions - I'd have preferred to short and collar it. But the stock isn't available to be borrowed, so I did this instead. + +Before I did though, I called my broker. TD Ameritrade has always seemed pretty competent, and I got someone quickly. So not only did I review my math on this, we specifically had this conversation: + +"What happens if the short call leg gets executed? Do I have to cash settle?" +"No, then you'll just be short." +"Even though it's not available to borrow?" +"Yes. If you're short a call and it's executed then you're approved for that position so it's OK." + +So indeed, over the weekend some of my short calls got executed. I was neither surprised nor unhappy to see it. But I did shift positions around this morning to properly hedge the new risk structure. Then half an hour ago TDA calls me and says I have to close the position because they can't find any to borrow. + +It's not the biggest deal, but man does it bother me that I was explicitly given information that wasn't true. You're better than that, TDA. +&#x200B; + +[Scanner Results](https://preview.redd.it/7qsw0r2x8zw71.png?width=1362&format=png&auto=webp&s=9c05fcf20dbf57442d6ba966d12a642dbc0b23f3) + +**ABVC** \- The clear and obvious leading gapper this morning with almost a micro float. Stocks like this have three doors: + +*Door #1*: Squeeze into a halt at the open. Buying momentum will be met with short sellers, and whoever wins the initial battle will likely be rewarded with a glorious halt. Because of the uber low float + the number of eyes, any moves on this will be very extreme. Trade this one at your own risk! + +*Door #2*: Squeeze upwards at the open but no halt. In this case, buyers get trapped and the price quickly flushed down into a halt on the downside. + +*Door #3:* We fade from the open. Depending on the velocity at which we fade, this could provide some nice opportunity for a short squeeze later in the morning. + + +**OCGN** \- Not on my scanners because it's a higher float but going to add it anyway. Recent daily highs sit right around the pre-market high of **$13.20**. Above **$13.20** the next daily pivot is up at **$16.20**. To the downside, we could see bounces from the daily gap at **$12** all the way down to **$11.50** and **$11.30**. + + +**BKKT** \- Also not on my scanners, but this one made a huge move on Friday to all-time highs so we should keep it on watch. Potential bounce levels are **$37.40** and **$35.80**. Below **$34** I'm no longer interested. + +&#x200B; + +Good luck out there! If you'd like to watch me trade these LIVE, join me on [Twitch](https://twitch.tv/diptraders) every morning from 9am to 11am EST! +r/place is live. I think it would be nice if there was a big bitcoin logo prominently displayed at 63.312 . Im sure im not the only one. + +https://preview.redd.it/ltvb1375dxq81.png?width=500&format=png&auto=webp&s=b59ac7dad865b6d40188780d16210a14bbcf88d0 +I have Canadian listed etfs (Eark) that track Cathie Woods Ark Funds and I’m wondering what will happen to the gains they made yesterday and if they will automatically translate and open higher during today’s open for the Canadian Etf Eark. +I passed the exams and got hired at a high level investment advice firm that’s part of a major bank.. (Wait, not me, let’s say someone I trust very well;) + +The high level clients often had trusts that are designed to pay family members in perpetuity, and some of these trusts had been around for over 10 years easily. Some for 20 years. + +The minimum amount required was (roughly) 600k Canadian. Most clients had several accounts worth much more in total. I was just a sales assistant who bought and sold securities in clients accounts that my Investment Advisor told me to. + +I’m don’t want to break confidentiality for anyone, and I dont work there anymore, but still I worked hard for my license and do plan on getting licensed with a new firm one day. + +Here is the one consistent thing I noticed with the trust funds. They all held one or two of the same boring dividend stocks, and had been holding them for ages, I’m talking years. They are never in the news and pay an increasing dividend every year and have been paying about 4% for decades, and increasing it annually,Fortis has been paying for over 40 years....the trust funds almost always had Fortis. + +It’s a boring stock, but it’s so established 45 years actually that they know it will be around for the long term and the balance sheet is solid, It’s got a huge moat and is expanding so there is growth. + +Anyway I noticed that one stock over and over in trust funds that pay children for life. + + +Buy land. They’re not making any more of it. + +The same might be said for oil pipelines, especially big projects. Every major oil pipeline proposal in recent years has been blocked, except for Trans Mountain – and that’s only going ahead in the face of fierce opposition because the government of Canada owns it. + +Northern Gateway, Energy East, Keystone XL – all are now tombstones in the growing pipeline cemetery. + +Even replacement lines face fierce pushback from environmentalists. Michigan wants to shut down Enbridge’s Line 5, which transports 540,000 barrels a day of light crude and natural gas liquids to Ontario, Quebec, Michigan and Ohio from the West. Why? Because the line passes under the Straits of Mackinac and there are concerns a major rupture would pollute the Great Lakes. That’s a possibility, but a slim one. Line 5 has been operating since 1953 without a single leak within that section (although there have been some elsewhere in the system). Enbridge also plans to invest $500-million to build a tunnel that will encase and further protect the line. + +Enbridge’s replacement Line 3, which runs to Superior, Wisc., from Edmonton has also faced legal challenges and protests every step of the way, even though the original line has been operating since the 1960s. + +All this opposition makes existing pipelines that much more valuable, which explains why Brookfield Infrastructure Partners LP has fought hard to gain control of Inter Pipeline Ltd. Shareholders have so far failed to ratify the deal but it’s expected to go through. + +Any oil pipelines being built today in Canada are mostly small, under-the-radar ventures compared with the multibillion-dollar cancelled projects. + +Like the dinosaurs, the pipeline industry may eventually be doomed, at least as conduits of hydrocarbons. But that’s a long way in the future. + +For now, the industry is reporting decent profits and offers attractive yields for investors. Let’s look at three companies. + +TC Energy Inc. (TRP-T) +Background: TC Energy is one of North America’s major pipeline companies, with 92,600 kilometres of natural gas pipelines and 4,900 km of oil pipelines. It also owns or has interests in 10 power-generation facilities with combined capacity of approximately 6,000 megawatts. + +Performance: The stock hit a year-to-date high of almost $65 in June, but has pulled back since. However, it is still ahead by about 20 per cent so far this year. + +Recent developments: The company reported a drop in second-quarter net income per share to $1 from $1.36, but excluding certain items “not reflective of our underlying operations,” it reported earnings of $1-billion ($1.07 a share) compared with $863-million (92 cents) in 2020. The company said per-share results reflect the impact of common shares issued for the acquisition of TC PipeLines LP in the first quarter of 2021. + +Pipeline news: The company’s major Canadian project is Coastal GasLink in British Columbia. Work was suspended over the winter because of COVID-related restrictions, but has now resumed. However, the company anticipates that the delays and disputes with LNG Canada will increase costs, which in turn will drive up the prices charged to end users. There are also several projects in the U.S. and Mexico in various stages of development. + +Dividend: The stock pays a quarterly dividend of 87 cents a share ($3.48 a year) to yield 5.7 per cent at the current price. + +Outlook: The company has a $21-billion secured capital program under way and has assets to invest in new opportunities. + + +Enbridge Ltd. (ENB-T) +Background: Enbridge Inc. is one of the largest energy infrastructure companies in North America. It operates an extensive network of crude oil, liquids and natural gas pipelines, and is also involved in regulated natural gas distribution utilities and renewable power generation. + +Performance: It’s a choppy chart, but the stock has gradually been moving higher this year and recently briefly topped $50. The stock is ahead about 25 per cent in 2021. + +Recent developments: Enbridge reported a decent second quarter. Generally accepted accounting principles, or GAAP, earnings attributable to common shareholders were about $1.4-billion (69 cents a share), down from $1.6 billion (82 cents) in the same period last year. The company said the period-over-period comparability of GAAP earnings was affected by certain “unusual, infrequent factors or other non-operating factors.” + +Adjusted earnings were up, coming in at $1.4-billion (67 cents), compared with $1.1-billion (56 cents) last year. Cash provided by operating activities was $2.2-billion, compared with $2.4 billion in 2020. Distributable cash flow, or DCF, was $2.5-billion ($1.24), compared with $2.4-billion ($1.21). + +Enbridge reaffirmed 2021 full-year guidance range of earnings before interest, taxes, depreciation and amortization, or EBITDA, of $13.9-billion to $14.3-billion and DCF per share of $4.70 to $5. + +Pipeline news: While the future of Line 5 remains in court-ordered mediation, the company says work is proceeding on finishing the last leg of Line 3 replacement and expects it to be in service in the fourth quarter. + +Enbridge is also working on two new pipelines within British Columbia, the $1-billion T-South Reliability and Expansion Program and $500-million Spruce Ridge Program. Combined, these two projects will increase the capacity of the B.C. pipeline system by approximately 590 million cubic feet a day to meet growing regional demand in the province and the U.S. Pacific Northwest through a combination of compressor station upgrades and the addition of two new pipeline segments. + +Dividend: The stock pays a quarterly dividend of 8.35 cents a share ($3.34 a year) to yield 6.7 per cent at the current price. + +Outlook: “Our performance in the first half of 2021 has set us up well for the full year,” chief executive officer Al Monaco said. “We’re on track to bring $10-billion of projects into service this year and we’re reaffirming our full-year 2021 financial guidance. Our secured growth execution and embedded asset growth gives us confidence that we’ll generate 5-7 per cent distributable cash flow growth through 2023.” + +Pembina Pipeline Corp. (PPL-T) +Background: Pembina owns pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. + +Performance: Again, it’s a choppy chart, but the trend line this year is up and the shares are trading at close to their 52-week high. The shares have gained more than 35 per cent this year. + +Recent developments: Second-quarter results released last week showed a year-over-year increase in revenue but a slight drop in profit. + +The company said volumes across Pembina’s pipeline systems and facilities continued to rise, reflecting the impact of higher commodity prices and strong Western Canadian Sedimentary Basin fundamentals. + +Earnings were almost flat from a year ago. The company reported second-quarter profit of $254-million (39 cents) compared with $258-million (40 cents) last year. + +Pipeline news: The headline story this year is the collapse of the friendly takeover deal with Inter Pipeline in the face of an aggressive hostile takeover bid by Brookfield Infrastructure Partners. The Brookfield takeover has yet to be approved by Inter shareholders, but assuming it is, Pembina will walk away from the deal with a break fee of $350-million. + +And the company is still forging ahead on other fronts. So far this year, it has placed more than $400-million worth of new projects into service. It has also restarted work on reactivating the previously deferred Phase IX of the Peace Pipeline expansion, which will add capacity in northwest Alberta to the Gordondale, Alta., corridor to accommodate increased activity in the Montney play. The cost is $120-million. + +Dividend: Despite fears of a cut, Pembina has kept its monthly dividend at 21 cents throughout the pandemic. At $2.52 a year, the stock was yielding a lofty 9.5 per cent in early March, 2020. The increase in the share price has cut that back to 6.3 per cent, but that’s still attractive. + +Outlook: The company updated its 2021 adjusted EBITDA guidance range by raising the low end. Adjusted EBITDA is now expected to be $3.3-billion to $3.4-billion. + +All three companies are in good financial shape and offer above-average yields. If you’re not averse to owning shares in a pipeline business and are looking for cash flow, check them out. + +https://www.theglobeandmail.com/investing/markets/inside-the-market/article-gordon-pape-the-case-for-buying-canadian-pipeline-stocks/ +hi, i'm opening this discussion in hopes someone more knowledgeable will jump in and share. + +today, the USDCAD broke through 1.27 and down to around 1.267, a drop of almost 1% in the USD relative to the loonie. this is down from the March 2020 high of \~1.46. + +for me, as someone who holds a lot of VFV (canadian traded ETF that tracks the S&P500, unhedged) basically what this means today is that while the s&p gained 0.7% VFV was actually down -0.05%, because the USD dropped relative to the CAD. + +so, it seems when the USDCAD goes down (meaning CAD is gaining relative to USD), if you're holding american equities in CAD your gains will much smaller than if you had exchanged those CAD into USD and bought the american stocks/indices directly. but at the same time, it doesn't really matter because those USD you converted from CAD would be worth less so it amounts to the same thing. + +anyways enough of my rambling...any more seasoned investors who have been through several USD/CAD cycles care to weigh in on how this tumbling USD will affect future outlook? also, is anyone else surprised that CAD is gaining on USD (i thought canada was printing as much if not more than the US...maybe other factors in play like oil going up?) thanks +I've been talking with the boss about accepting BTC for about a week now, and today we got the all clear to start. We won't have prices in BTC displayed on our website for a while, but anything listed should be available. + +BTC can be for the entire purchase price (including any taxes or government fees), or just a down payment. We've got a transportation company that should be able to ship the cars, and we'd be happy to let you pay that in BTC as well. + +Our website: http://www.spford.com + +Contact: Greg Spanko + +Phone: 972 242 6415 + +Email: gspanko@spford.com + +EDIT: I gave the post an unfortunate title. We do also sell Ford Certified and Non Certified Pre-Owned vehicles. Also, I hate to see anyone downvoted. This fella didn't intend to come off as mean, so can we un-negative him? http://www.reddit.com/r/Bitcoin/comments/1cvkq7/want_to_buy_a_new_ford_with_btc_were_finally_ready/c9keqbc + +Have a great night guys! +We will very soon be in a position (due to downsizing to cheaper area) where we own our home outright, have $10k/year in dividends coming in (from $250k in stocks), and $400k left over. We plan to use $150k of this to add to stocks, increasing our dividends to $16k/year, and purchase a rental duplex for $250k that will net $20k in rent/year. + +End result is we'll have $36k/year in income, and can leave full time work. All of the income will be taxable, but with dividend tax treatment, and split between us, we'll pay nothing in taxes. $36k is enough to cover all of our basic expenses (property taxes, utilities, groceries, vehicle, house maintenance, some extra). + +We will likely work casual jobs, 1 day per week, to top up our income for luxuries like travel. So not strictly FIRE, I guess, although we could live off the $36k alone if we had to. At age 65, we can start to collect our (much reduced) government CPP/OAS, about $20k/year combined, plus my wife has a government job pension that will pay $17k/year at 65 if she stops contributing now. These are in today's dollars, so income would about double at 65. + +Also, all figures Canadian! We're both 41 with 2 boys 10 and 12. Moving from Toronto area to Muskoka town. Doing it to escape full time work, live closer to nature, and to provide a better chance for our kids to buy a house some day. + +Please poke some holes in our plan! + +Some risks I see; + +- major recession could cause dividend cuts and/or loss of tenants (we have to work more) +- one of us dies young and we lose part of that pension income (still have plenty of income) +- I die young and wife can't manage rental property and stocks (insurance?) +- inflation outpaces rental increases and/or dividend increases (unlikely) +- bad tenant or vacant unit leading to no rent for extended period (can handle a short term hit) + +Anything else I am missing? Thanks! +We are finding that new Bitcoin adopters get a sour deal if they try to fund a new wallet and buy on that same day. We tell our customers to sign up with Circle to get their first Bitcoins quickly and for free. Unfortunately when examining the actual process, I realized that every scenario fails. Therefore nobody is going to use it. Here's why: + +- User buys a product for $45.95. They are presented with the BitPay checkout screen: 0.174088 = $45.95. + +- User clicks "Send Money" screen on Circle.com. Page says nothing about BTC on it. Users have therefore put $45.95 into the USD box and hit send. Circle's exchange rate is higher than BitPays. $45.95 arrives not as 0.174088 but as 0.173495. + +**Result: BitPay cancels the order due to insufficient funds.** + +- User with super powers figures out they have to click the USD button to switch it BTC. User types in the correct 0.174088. As they do this, the USD box populates - with the wrong dollar amount: Circles elevated dollar amount: $46.75. + +**Result: User wont overpay. Doesn't complete purchase. Closes the page.** + +Under both scenarios, due to exchange rate differences (Circle's being higher to recoup that 1% they dont charge?) result in a fail for any sort of Business-to-Consumer transactions. *Customers either under pay, or are overcharged.* + +**This means new users can't feasibly use Bitcoin to purchase.** + +The only people who win in this scenario are the ones who have BTC stored offline from 2 years ago and want to spend today. Someone who funds their first wallet today and wants to buy today gets a sour deal. + +-B- +Hello, I'm not really sure where to go with this so if this is against the rules I apologize, and delete. + +I'm verry worried about my financial future, I have a disability (intellectually and physically) that prevents me working full time (I push my self for part time work) + +I'm 30, I have about 12k in savings, 10k in some shears if sold. 6k in super. + +6k in a car loan I owe. + +My folks died when I was young from the same thing I have and no inheritance was given as there wasn't anything. + +I'm very streesed about my financial future, as read that pensions will not exist in the future, I have never thought about it as I didn't think I would be alive but with new treatment available next year could mean I will live longer. + +I don't know where else to talk about money but I know I'm not allowed to ask for advice so I'm not doing that. Just want to be less streesed about it and don't know where to start. +Data: [https://www.abs.gov.au/ausstats/abs@.nsf/mf/6202.0](https://www.abs.gov.au/ausstats/abs@.nsf/mf/6202.0) + + + **TREND ESTIMATES** + + +* Employment increased 16,800 to 13,020,500 persons. Full-time employment increased 8,800 to 8,888,900 persons and part-time employment increased 8,000 to 4,131,600 persons. +* Unemployment increased 3,500 to 713,300 persons. +* Unemployment rate remained steady at 5.2%. +* Participation rate remained steady at 66.0%. +* Monthly hours worked in all jobs increased 0.2 million hours to 1,781.7 million hours. + +**SEASONALLY ADJUSTED ESTIMATES** + + +* Employment increased 5,900 to 13,017,600 persons. Full-time employment decreased 400 to 8,882,200 persons and part-time employment increased 6,400 to 4,135,400 persons. +* Unemployment increased 20,300 to 718,600 persons. +* Unemployment rate increased 0.1 pts to 5.2%. +* Participation rate remained steady at 66.0%. +* Monthly hours worked in all jobs increased 8.6 million hours to 1,784.9 million hours. + + +This is the real first month to show the damage to unemployment yet it barely budged. Does everyone think it will get worse on from here on in or will Jobkeeper keep the number artificially lowered? +Ladies and jellygents, in your opinion (personal, amateur, professional or whatever) what's the likelihood we experience a depression over a recession? +Source here: https://www.usinflationcalculator.com/inflation/current-inflation-rates/ + +Inflation was at 8.5% in March. It's almost half a year later and it's still at 8.5%. It's moving in the right direction but we have to remember: When we look at annual inflation, adding a month on one end and chopping a month from the beginning still leaves eleven months in the middle. If the Fed can lower inflation at the same pace at which it skyrocketed we're in for a full year of pain starting *today*. + +This is what it means when you think about investing for the "long term". If you invested $1000 in the S&P at its peak in 2001, it would take 13 years to break even. If you invested the money halfway down, it would take 10 years to break even. And right now, valuations remain sky high. + +So I'm not an oracle, but IDK how the fuck people think they can fight the fed for the next year. You gotta really beat the market just to do better than holding cash. Equities are going to tank because the Fed is determined to destroy them, no? + +Here's the thing: Even if the strongest growth companies priced at ridiculous valuations keep pace, that doesn't mean the market cap has to grow with them. These companies can keep growing while the share price shrinks to smaller multiples. This is what happened in the 70s: the airline industry took off, but investors lost heaps of cash trying to ride the wave. + +What planet are the bulls living on right now? Cramer's basement? + +edit: I HAVE NO INTEREST IN GAMBLING ON OPTIONS +Hello r/personalfinance, + +If this is the wrong sub, please direct me to a better suited one. TL;DR at the bottom. + +Alright so, over the weekend I rented a 'mystery vehicle' from Budget. The mystery vehicle in question ended up being a Dodge Grand Caravan.. we had a good laugh about it but it only served its purpose of getting from point A to B and back. Van was prepaid for $54.57 (cheaper than the ridesharing we would have done) and picked up at Cleveland Hopkins International Airport. We drove it from there to our hotel, a pitstop for snacks and coffee, back to the hotel, then finally back to the airport with the necessary fuel stop on the way. The rental lasted for *exactly* 24 hours. According to my Google Maps Timeline, the total distance drove in it was 53.5 miles. I had 150 miles free for the day according to the rate. + +Then today, I was reviewing my statements and noticed the charge on my credit card. Huh, I thought, maybe one of those weird deposit charges that went away after the rental was complete? Nope, I had a bad feeling about it and went to my profile and pulled up the receipt. My heart sank as it reflected the charge on my credit statement. How? I scanned the receipt and saw the charge for miles.. I found the odometer readings from before and after and the difference was *2695 miles.* The total driven distance was 2695 miles. Odometer out: 20055, odometer in: 22750 **HOW?** + +I attended and was in a wedding, but let's say if I didn't do that, what fun could I have had in the van? The van I had rented after flying to Cleveland? My own 24 Hours of Le Mans? Maybe take a joy ride across the country to Austin, TX for brisket (but flew to Cleveland first) and back? For such a trip, and following the speed limit would have taken 40 hours and 20 minutes nonstop. If you do the math, my average speed would have had to be 112.29 MPH *the entire 24 hours* of those 2695 miles. + +Sorry for the long post, I'm just trying to find humor in such a situation. I have already called their customer service and filed a claim and have a claim number that will apparently be resolved in 5-7 business days. I had to ask for it, nothing specific on whether they would call or email me. I'm just afraid they won't see the obvious error and will fall back on their odometer readings as their defense. + +Has anyone else been in a similar situation? What do I do now? Wait? Do I dispute it with my credit card company? I can't afford that much money for nothing. I'm looking for advice on my next steps. Thank you. + +TL;DR - Rented a van, prepaid $54.57 for 24 hours, charged $1649.14 for the odometer reading stating 2695 miles were driven. Seeking for advice. + +UPDATE: Budget actually came through today and corrected their mistake! Also, a big shout out to all of you for the advise and laughs. + +I did not expect this many people to reply or reach out at all.. y'all are awesome. I know this situation may seem simple but just a reminder that: 1) there's people who are willing to help with any situation, 2) keep a calm head when dealing with companies that make mistakes. We're all human and 3) cover your own ass just in case! +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. +About a month ago my mom bought a brand new $40000 Mazda. Apparently Mazda has a $500 bonus if you are a student and my mom wanted to save every penny she could. She told me that all I needed to do was go to the car dealership with her to show them my ID and stuff and show that I was actually a student. At the time I was a senior in college about to graduate in the Spring. I have a very good relationship with my mom and trust her for everything, so I happily agreed to go with her to save her some money. + +When I went to the car dealership, they had me sign in a few places as they were going through the paperwork for the car. Given that I was pretty much financially illiterate at the time, plus I completely trusted in my mom, and the paperwork contained 1000s of lines of fine print that would have taken forever to read and comprehend (and everyone was staring at me), I signed without giving it a second thought. I honestly don't even remember Mazda telling me what I was signing, just that I needed to put my name here and there to move on. + +Fast forward a month and I have a really good job lined up for the Fall and will finally be able to be financially independent. I was looking to apply for my first credit card. I first signed up for the Capitol One Savor One card and was denied, but it was understandable given that it requires a high credit score and I don't have any credit history. + +I wait a few weeks before applying for a second card. Last week, I got an email from Credit Karma asking if I opened a new account with Mazda Financial Services. I open up Credit Karma and see that I have a $40000 car loan. That's when I learned that I co-signed the car. I asked my business friend and he said that I basically just got f\*ked over. + +I went to apply for the Discover IT card tonight, which is apparently one the best beginner cards. They seem to accept people with pretty low credit. And I got denied. + +I'm super furious and pissed right now at my mom. Did she just screw over my credit? I'v always trusted her but now I feel like she purposely mislead me just to save her $500. If she told me I was actually cosigning the car, I definitely would have looked into this more and did my research. + +According to Credit Karma, my TransUnion score is 661 and my Equifax score is 643, which isn't terrible. Did I really get denied because of this car loan? My brother got approved for the Discover Card but he is in graduate school and doesn't even have a job yet. I also have about $30000 in student loans. + +What is the best course of action to take right now? Is it possible to get out of the loan? If it is possible to get out of the loan, is it worth the effort or is the damage already done? +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. + + +Isn't it almost weird that absolutelly nothing happens at the normally opening bell? No crazy dips nor crazy peaks..? Its' just peaceful and calm. + +Enjoy your day Ameritards! Tomorrow may be wild, or not, who knows. + +&#x200B; + +https://preview.redd.it/s66ygg74vg271.png?width=605&format=png&auto=webp&s=54abd9085ca460a34a5a4f0953319818f9462f25 + + EDIT: I would like to update my post with another picture of the chart with a longer Line. We hold a straight line the entire day! But I'm on the phone and can't insert a picture. Just imagine the above picture with a longer line. Price is legit still the same: 188€ + + +And since my post ist not long enough, I thought I'd share a **No Bake Raffaello Cake** recipe. + +You know.. you could do it in your free time today. + +&#x200B; + +&#x200B; + +[Fucking Delicious.](https://preview.redd.it/g9x599p5vg271.png?width=591&format=png&auto=webp&s=a9dfa55f8580110df18e3cb7372300ff3643a880) + + + +**Ingredients** + +· 500g digestive/tea biscuits + +· 400ml double cream + +· 400g Mascarpone + +· 250ml milk + +· 120g desiccated coconut + +· 200g white chocolate, melted + +· 1tsp vanilla extract + +· 1 lemon, zest only + +&#x200B; + +**Instructions** + +1. Heat a pan with half of the desiccated coconut and cover it with 4-5tbsp milk. Remove from the heat, once the coconut is heated(about 2-3 minutes. Leave to cool and pour the mixture through a sift, pressing the coconut. Thus, you'll get a really intensive coconut flavour. Leave the milk on a side. + +2. In a bowl, combine the Mascarpone and melted white chocolate and whisk together. Add the coconut milk, vanilla and lemon zest. + +3. Whisk the double cream in a separate bowl and add to the Mascarpone mixture. Mix everything together. + +4. Start building the cake. Cover a baking tray with baking parchment. Dip each of the biscuits into the milk and arrange on the bottom. Spread a generous layer of the White chocolate mixture and repeat with the biscuits and so on. + +5. Finish with cream and desiccated coconut on top. + +6. Refrigerate for at least 8 hours. + +7. Enjoy! +The credit score are probably the most oft-addressed topic in /r/personalfinance. It shouldn't be. Building a good credit score is simple. A few simple truths you should keep in mind: + +**Utilization is not worth worrying about.** It has no history, can be changed in a month, and isn't the biggest factor in your credit score anyways. Stop worrying about it. + +**Extending loans for the sake of improving your credit score is stupid.** Choose to extend a loan longer than you otherwise would to use your money more effectively (for example, if you have a very low interest loan you might want to make an IRA contribution instead where you hope to get higher returns), not because you think it will improve your credit score. + +**It doesn't matter what your credit score is if the rest of your finances are a mess.** Good credit scores come from sound finances, not the other way around. + +**It's fine to leave unused accounts open as long as you aren't being charged.** This could include old credit cards, lines of credit from a bank, or whatever else. Just make sure you verify you aren't being charged a fee to do so. + +**Never carry a credit card balance.** Always pay your credit card bills in full, every month. If you can't afford to pay off your credit card bill in full, that is a sign you cannot afford whatever it is you charged to it. + +Everyone has lots more to worry about in life besides their credit score. Focus on what's important in your financial life and a good credit score will follow. + +I hope everyone has a Happy, debt-free holiday season. Let's all make an effort in the new year to unwrap people from around FICO's little finger even just a little bit, shall we? +With this company running up like crazy, I figured I would dig through some old news and financials to see what's going on. I'll preface this by saying that I have no position in this company, and I'm just throwing ideas out there in order to determine if people really believe in this company in the long-term, or alternatively are capitalizing on the short-term volatility. It seems pretty clear that the latter is true, but I'm bored at work and would like to hear some of your thoughts, so here it goes. + +&#x200B; + +**Right now this company is trading at \~$6.00 per share, with a market cap of \~$590M or roughly 100x 2019 revenue of 5.9M. They have also never posted a profitable year.** + +The historical financials are not looking good: [https://imgur.com/gallery/ef0uEV1](https://imgur.com/gallery/ef0uEV1). + +I dug through some old 10-K's and it looks like the elevated revenue in 2012/2013 (6.6 million and 2.6 million) was due to physical media sales such as DVDs in addition to physical products, think merchandise. Revenue then drops to 0.9M for several years until 2017 where they sold Llama Llama to Netflix for what I'm assuming was in the ballpark of $4M based on the huge bump, was too lazy to find the actual sale amount. Revenue drops back down in 2018, then bumps in 2019 due to the sale of Llama Llama season 2 and Rainbow Rangers Season 1, which was in the ballpark of $4M+ again. + +Looking down towards their bottom line, they've run up significant losses over the past 8 years, not posting a single profitable year in the time horizon I evaluated. **The 8 years of revenue totals $24.1M while the losses total -$55.7M.** This is concerning from a long-term viability standpoint as it seems Genius is unable to generate any money for shareholders. While they have created several very successful programs in recent years, it seems that they are unable to profitably deliver content. + +Financials aside, I decided to look into this newly announced Kartoon Channel! to learn more about the actual product. I found YouTube channels for Kartoon Channel!, Kartoon Channel! Jr., Rainbow Rangers, and Llama Llama as I figured this would be a somewhat useful proxy for popularity and viewership. KC and RR videos averaged several thousand views per video while KC Jr and LL videos averaged in the low ten thousand views per video. Maybe GNUS is hoping to monetize on ads and turn a profit on that revenue stream, but given their current viewership (proxied from YouTube), it doesn't seem that they are going to generate much money. I'm also not very well versed in advertising revenue, so thoughts on this component from more experienced people would be great. + +I'd like some more information on the Kartoon Channel launch on June 15th, I can't tell if this will be a stand-alone streaming application, or simply a combination and rebranding of their existing content. Hoping that some of you who are smarter than me can dig into this and provide some clarity. Reddit won't let me link the press release, so I'm copying it below: + +[https://www.globenewswire.com/news-release/2020/05/06/2028502/0/en/Genius-Brands-International-to-Launch-Kartoon-Channel-Digital-Network-Across-Amazon-Prime-Apple-TV-Comcast-Cox-SelectTV-DISH-Sling-TV-Tubi-Xumo-and-More.html#:\~:text=Kartoon%20Channel%20is%20a%20digital,anywhere%20in%20a%20safe%20environment.&text=New%20platforms%20launching%20Kartoon%20Channel,%2C%20Plex%2C%20and%20Canela%20Media.](https://www.globenewswire.com/news-release/2020/05/06/2028502/0/en/Genius-Brands-International-to-Launch-Kartoon-Channel-Digital-Network-Across-Amazon-Prime-Apple-TV-Comcast-Cox-SelectTV-DISH-Sling-TV-Tubi-Xumo-and-More.html#:~:text=Kartoon%20Channel%20is%20a%20digital,anywhere%20in%20a%20safe%20environment.&text=New%20platforms%20launching%20Kartoon%20Channel,%2C%20Plex%2C%20and%20Canela%20Media.) + +&#x200B; + +TL;DR: GNUS seems like a pump and dump stock and I'm failing to see any long-term prospects for the company. I'm staying on the sidelines, but I hope you all make plenty of money on this one. +​ +The founder of Ethereum (the second biggest cryptoasset) put it succinctly: +> There are some good ideas, there are a lot of very bad ideas, and there’s a lot of very, very bad ideas. And quite a few scams as well.” + +Let me address those in reverse order. + +1 - The scams. There are *many.* The biggest by a mile is Bitconnect, which is a pyramid scheme and not even trying to hide it. It’s going to implode very soon. There’s nothing to say here but stay away. + +There are also enormous red flags that the biggest exchange (Bitfinex) is insolvent and it’s substitute for dollars (USDT/Tether) is literally printing money and doesn’t have the dollars to back it up. If you decide to take a step into this space, stay as far away from these as possible. The only safe exchange IMO is coinbase. + +Edit: Another user brought this up, it's a good idea to mention. There is only one "true" Bitcoin, but because it's software anyone can copy that software and make their own version of Bitcoin. This has become very popular in the past few months, there is now Bitcoin Cash, Bitcoin Gold and many other Bitcoin this or that. This isn't a scam per se as many legitimate currencies have been created through this process since the dawn of cryptocurrency, but naming them Bitcoin X is becoming commonplace. Understand that when you are buying Bitcoin Gold or whatever you are *NOT* buying Bitcoin. They have as much to do with each other as American and Canadian Dollars - the only similarity is the name. + +2 - The very, very bad ideas. I would put 95% of the assets created in the last 12 months under this heading. And you’ll never be able to tell which is which. Bitcoin is already volatile enough, so messing with anything that’s not already established is taking far too much of a risk. I’ve been doing this for years and I don’t even touch anything that hasn’t existed for at least a year. That doesn’t mean everything older than that is in the clear. Because of.... + +3 - The very bad ideas. There are some established assets that I wouldn’t touch with a ten foot pole. Ripple/XRP being the one that stands out the most. The economics of the system are simply unacceptable for any sort of “investment” into it. It’s not even worth going into detail. + +4 - The few good ideas. The first rule of crypto is “never invest more than you can afford to lose.” Because even though there some of the genuinely good ideas - Bitcoin and Ethereum are worth billions for a reason - none of this stuff is proven yet. I hope we can get to the point where enough people understand the technicalities and economics of the systems enough to intelligently discuss them and take them seriously as a new asset class. And I’m willing to engage anyone on any questions. I “invest” in this stuff because I understand what I’m investing in, not because I’m chasing a get rich quick scheme. But I know we’re not there yet in traditional investment circles. So of course no discussion about crypto is complete without addressing the elephant in the room. + +Is it a bubble? **Emphatically YES.** All the elements are there. It’s obvious to almost everyone at this point. But that doesn’t necessarily mean you shouldn’t consider investing in a small amount. Bubbles tend to form around technologies that change the world - railroads, telecom, the internet etc. This space is getting bubbly because a lot of very smart people see the potential and are investing considerable amounts into it. But I will be the first person to tell you that at some point in the future there will be a reckoning and the scams and bad ideas will implode, and it will likely drag down the good ideas with them to some degree. How much is unknown, but the implosion is a near certainty. + +But unlike housing, dotcoms and everyone’s favorite tulip bulbs - there are some unusual economic dynamics at play here. For one thing, there’s nothing else to peg this stuff to where you can definitely say we’re in the late stages of a bubble. People have been calling it a bubble for years because we have **no idea** what a reasonable real world value for this stuff is at this stage. Because nothing like it has ever existed before. It’s substantially different enough from existing assets that you can’t directly compare them. I know “this time is different” sounds like typical bubble talk - but these are literally as different from stocks as bonds and commodities are. They’re still bound by the same economic principles as everything else, but they’re a different type of asset. And within the broader context of crypto there are multiple different subtypes of cryptoassets as well. + +Another important dynamic that upsets the typical bubble paradigm is that the more expensive a cryptocurrency it is, the more secure - and thus valuable it is. That sounds bizarre, I know - but that’s how the economic incentives work out. It’s an abstract network of value. It’s virtual but it's still real and has intrinsic value - but ultimately the system is worth what the world collectively decides its worth. Security obviously plays a large role in that. If it was a stock you’d be able to say it’s fundamentally overvalued if it’s PE is too high. *But it’s not a stock.* That’s not to say that it can’t be overvalued. But because high valuation creates a positive feedback loop, you can’t just look at the massive returns and pricing and declare it a bubble on that alone. + +Right now bitcoin is worth $150 billion and altogether crypto is $250 billion. The dotcom bubble peaked at ~8 trillion and took years to get to that point. We could still be in the very early stages of the bubble and a conservative (in crypto standards) investment might still be worth quite a bit more than it is today on the other side of the implosion. The dotcom bubble gave us idiocy like pets.com, but the stuff that survived like google *did* go on to change the world. Another important thing to understand is that we’re not dealing with companies here - they’re open source, self sustaining decentralized networks. Bitcoin and Ethereum can’t go bankrupt any more than the internet itself can go bankrupt. As long as there’s at least one node in the world (and there are hundreds of thousands and growing) - they will continue to exist. There isn’t really a plausible scenario anymore whether your investment in them goes to zero, just as you could say the same for gold. It’ll always be worth *something*. Whether or not it’ll outperform stocks - literally no one can tell you that. The only really clear thing about it right now that they’re highly uncorrelated to other assets. On its own it’s risky but as a part of your portfolio a small investment in bitcoin can actually reduce your risk through diversification. A 1% allocation won’t derail your future in the worst case scenario and could potentially have enormous upside in the best case scenario - particularly if your other assets have a bad streak. That’s the only case I’ll make to a crowd as conservative (and rightfully so) as r/personalfinance. + +Get your emergency fund straight first, have a properly balanced and allocated portfolio of traditional investments first - but don’t write bitcoin/crypto off because you don’t understand it and the risk is difficult to quantify. Lots of very smart people are doing incredible work in this field right now and even though there will be a massive implosion at some point in the future - when the smoke clears the good ideas will stick around, and I think it’s unusually easy to spot the winners and the losers here. + +But in either case - don’t invest in anything you don’t understand. Learn about it first, then make up your own mind. At the very least if you’re into finance and economics it’s fascinating stuff. If you can’t take the time to do a little research on how it works and why it’s a good idea, then you shouldn’t be putting your hard earned money into it. +I was looking at my fidelity 401k account and I noticed that my UTMA account balance had gone from ~$10k to zero. I looked at the transfer history and it seems that the UTMA balance was transfered to my Dad's bank account. My dad is still listed as the custodian for the account, but I do not understand how he can do this as I am now no longer a minor (25). I thought UTMA accounts drawbacks were that they were under the sole discretion of the beneficiary once they turn 18/24. + +I am worried because I also have a UGMA account with him as the cosigner under my Vanguard account that has substantially more money. I got the paperwork from Vanguard to remove him as custodian, but it looks like it still requires my dad's voluntary consent to remove himself as custodian. + +I then started looking around my other shared accounts with him, and he has set up an automatic balance transfer of $50/month from my checking account to his checking account. I tried to cancel this with my bank, but they said that only he can cancel it. I also requested the paperwork to remove him from the bank account as an account holder, but that also requires his voluntary consent (signature). + +I am concerned about alerting these to his attention; I think he thinks I do not look at my bank accounts. Is there anything I can do? I also was hoping to get some tax advice on what cost basis I should use for the UGMA account assuming I can transfer it over to my brokerage account. + +Thanks in advance! +I just spent the last hour or so watching all of the CNBC interviews from today on YouTube. + +u/dlauer awesome job. Trey and Matt, awesome job. + +Unfortunately, they brought you all on to make it look like Melissa Lee is your unbiased, totally neutral friend who just interviews everyone involved including retail, and occasionally even stands up for them. + +The entire thing was to make viewers feel that CNBC and Melissa are giving meme stocks a fair chance. Like they're on the side of the retail investor. Like they and their hedge fund overlords might be finally turning and shining a spotlight on the corruption we've all discovered to be true. + +https://youtu.be/QHrqEItwZWQ + +Watch that. This is a former SEC lawyer who's on CNBC virtually every night, Jacob Frenkel. + +Melissa: "What group do you think is number one on the SEC list to investigate?" + +Jacob:"The momentum traders on Reddit" + +Watch the videos with Trey and Matt. Watch the video with u/dlauer. What do they talk about immediately afterwards? + +https://youtu.be/KjVM3pidH_A + +https://youtu.be/Z8be2-z-CNM + +First of all, the interviewees - u/dlauer, Trey, and Matt - are clearly handcuffed in what they're allowed to say due to threat of lawsuits or worse from evil actors. Dave Lauer almost even says as much when pressed. "Oh no no no, that's too dangerous for me to answer". + +Not one of them mentions naked shorting, all of them mention dark pools and lack of market transparency in as strong a way as they legally can, but they're obviously incredibly careful and restrained. + +Their forced restraint for fear of lawsuits (or, you know, much fucking worse) is honestly reminiscent of al-Qaeda hostage videos. + +The douchebags CNBC has on immediately afterwards hardly even address anything said by the guests, even when Melissa asks them directly. + +You get a retail investment advocate to give an interview while totally castrated in what they may say, then you have every commenter say something along the lines of "yeah I see where they're coming from, but honestly institutions are not trying to stick it to retail" after literally no one tried to make that point. + +In other words: + +"Hey shit is fucked and we're buying the stock, but I can't legally talk about it" + +"Wow those guys were so adorable but they're so grumpy wumpy thinking the man is out to get them. Back in my day, we used to have even less transparency, we used to have to read things in the newspaper. Be grateful you're even allowed in the room, children". + +This entire hour with Melissa Lee on meme stocks was 100% pure unadulterated slightly filtered: + +#FUD + +Plain and simple. + +It was all designed to make you like them, change some of your minds and calm your tits, but most of all send a message to their boomer audience that you're all cute but wrong and ungrateful. +Just watched this movie on Amazon Prime and thought it was really on point for the ethos of this sub. It follows the rampant consumerism and pursuit of meaningless mega wealth from the 90s to now. + +But my favorite part was how many of the characters, over 30 years, comes around to a non-monetary, value based thinking. Where money loses its correlation to what brings real value to their lives. + +http://www.generation-wealth.com/ + +Also, I’ll leave it with a quote from the ex hedge fund manager and now fugitive from the film. “If you think money will buy you anything and everything, then you’ve never ever ever had money.” +[Source](https://cowles.yale.edu/3a/parlour-miner-collusion-and-bitcoin-protocol.pdf) + +April 27th, 2021 + +Abstract: + +Bitcoin users can offer fees to the miners who record transactions on the Blockchain. We document high variation of Bitcoin fees, not only over time, but also within blocks. Further, the blockchain rarely runs at capacity, even though there appears to be excess demand. We argue that this is inconsistent with competitive mining, but is consistent with strategic capacity management. If agents believe that only high fee transactions are executed in a timely fashion then strategic capacity management can be used to increase fee revenue. We note that mining pools facilitate collusion, and estimate that they have extracted least 200 million USD a year in excess fees by making processing artificially capacity scarce. +I'm in my mid-30s, gig worker with half a bachelor's degree (thanks adult ADHD!). I'd never planned on going back to school, the $20k in debt I already have felt a little too heavy. **BUT** New Mexico just signed a bill that makes university tuition-free for state residents. As I'm already eligible for medicaid and EBT, feels likely I'll be able to also get a full $6400 Pell Grant on top of the free tuition for books and living expenses. Most likely I'll finish off my Geography degree and look for fully remote GIS software work after graduating. + +All my scraping-by skills from the last decade of precarious living are going to come in handy for living off the Pell Grant + some Substitute teaching on the side. + +I *never* saw going back to school in the cards for me, and I suddenly feel optimistic about work/career/money for the first time in years. Not posting this as a brag, just a reminder that the future is not set in stone, material conditions change and our lives can change alongside them. Would love to hear from other folks here who made going back to school work for them. +I have positions in MMM, JNJ, CVX, JPM, all with gains of at least 38%. I timed the first covid entry well. + +That being said, I currently have stop losses set on all my holdings anywhere from 8 to 10% below Market value in the event of the entire market diving again. Each stop loss has been tailored to the individual stock looking at *gasp* technical indicators of support that if broken could lead to another plummet. + +My question is this: I like these companies and do not forsee them falling beyond my stops UNLESS the market tanks. If it did I would buy back in at a future date when I believe the market has recovered. + +*would you having these great companies at such a great price continue holding through a downturn, or take profit on hopes of buying in more shares at a lower, but potentiality higher than original, price? * +Good afternoon, + +I'm fairly new to dividend stocks and have a question. If I don't have unlimited funds to do this is is better to concentrate on 5-10 stocks or better to spread it out over 20-30? + +Also, are there 5-10 stocks to start out with that most could agree on? + +I'm not young anymore, but I still have a good 10-15 years before I'm ready to retire. + +Thanks!! +By regular brokerage i mean non retirement ones like TD and Robinhood. + + The 2 differences i see are the amount of money invested and tax. Roth restricted to 6k/ year , no Tax worries While regular brokerage is unlimited fund with taxation every year. + +So it it better to buy dividend stock/etf in a Roth account only or regular brokerage? Do I make my Roth IRA only dividend oriented? + +Just fyi I am in my thirties and not by any mean rich. Currently I only have like 15k now in Roth that has mostly non dividend stocks, same in regular brokerage account, then 1k in M1 finance that has only dividend etfs. + + +TIA +Recently my mom passed away and had 3m stock. How much of it I’m not sure and that’s why I’m asking the people of Reddit. She just receives this quarterly and this time it was a $2000 dividend. I know it’s random depending how the stock is doing but sometimes it’s $600 now $2000. I was wondering if anyone here would know roughly how much of the stock she owned. +QYLD pays an annual dividend of $2.55 per stock, so if I invest 30k into it, I will receive a monthly payment of $277.00, right? + +30,000 ÷ 23 = 1304 x 2.55 = 3325 ÷ 12 = 277 + +(Funds) ÷ (price now) = (number of shares) x (dividend payout per share) = (annual payout) ÷ (months in a year) = (monthly passive income) + +Is this right? How do I set up this monthly amount to be deposited into my checking account every month? I have TD Ameritrade. Please check my math and help me out. New to dividends but not to investing. +$DIV is a dividend etf. If you look at the 5 year graph it has stayed right at $25 +/- $1 or so. Right now it’s trading at $14.02 due to the ronacrash. + +What are y’all’s thoughts on buying in and holding. If it goes back to $25 then you essentially make $10/share on top of the 12.8% dividend yield. + +I currently only own 5 since I typically don’t sell stock and only buy in when I put money into the broker. Obviously diversify but what are y’all’s thoughts? + +Also note, it pays monthly. And last payout was $0.1065/sh. So with drip it will grow pretty quick. +I’m expecting a very severe correction sometime soon. I’m keeping cash at hand preparing for this bear market. Do you think putting $150,000 or possibly more into dividend stocks allowing it to reinvest in itself is a bad idea during that drop? Also, do you have a list of good monthly dividend stocks or others that you would recommend? Thanks luvs + +Edit - I wrote that “we’re expecting” by accident, I meant to put I’m expecting. Thank you for those that gave serious replies, appreciate it. Amateur at best when it comes to investing. +Starting out in the dividend world. Have some Canadian bank shares (RY.TO) +Wondering what your thoughts are on SCHD & O? Planning on buying a little bit of each every week but wondering which I should invest more into long term. +* Would that have any impact on the US economy? +* Would that have any impact on the German economy? They still own that gold, even if the Fed "lost" it. It should not be Germany's problem. +* Would the global economy collapse? +First of all: Alle the GME movement was like a week ago and you retards got stopped by a never seen change of rules. + +WHAT IS WRONG WITH YOU? + +I only see whining and retards complaining. It's NOTHING, compared to timeframes we seen on WSB so far and you still can't get your ass up and fucking HOLD and believe in what we want to achieve. + +When the stonk blew, we couldn't stop the posts and memes about how GME is going to moon and everybody was circlejerking, but as soon as some retards on wallstreet spread lies and change rules, you hush and start being nervous and SELL. WHAT IS WORNG WITH YOU RETARDS? They got EXACTLY what they wanted. And you know what the worst part is? + +**YOU RETARDS EVEN TOLD US THAT THIS WILL HAPPEN.** + +Did you think that the hedge funds would just run away in fear and loose their face AND money? Didn't you think they'd fight with dirty moves and get away with it? Haven't you learned from 2008? + +Face it! We're apes. And now we're not together, because they spread lies, misinformation and doubt on reddit, news and magazines. They can trick the DUMB. Are you dumb? + +I'm not going to lie, I first joined the whole train for the fast money and bought @270€ for 2k€, because I have debts of 10k€ and a lawsuit going against me. I can't afford to pay back anymore because COVID made me loose my job. I'm basically fucked and don't know what to do and stand with my back at the wall. But guess what? + +**I STILL HOLD.** + +This isn't about money anymore. This isn't about saving before shit goes down. This isn't about believe that the squeeze will come. + +**This is because I believe in you retards and I want wallstreet to bleed for what they did.** + +And so should you! Stop whining, stop getting in doubt. + +For ONE fucking time in your life - just do **NOTHING** and **HOLD**. + +WSB showed the whole world how fucked up the market is. And if they played by the rules, we'd have fucked them in a very autistic and ironic way. But guess what. War isn't held by rules. + +tl;dr: you sell = bad monke. you hold = we'll see us on moon + + +PS: Dear millionaires, please buy GME and safe ~~us~~ me, I don't care about this autists + +PSS: This is not financial advice, I'm just an ape that really likes this stock + +EDIT: Thanks for gold <3 + +EDIT2 for the true retards: 6 GME@280€, 3 GME@160€, 1 GME@50€ and some AMC + +EDIT3: 🚀🚀🚀🚀🦍 💎 🤚🚀🚀🚀🚀 +We feel close to victory. **Can we predict MOASS 24 hrs before it happens?** Keith seems to think he found a way, and he proved it by back-testing VW data! + +This PDF contains a detailed analysis of price + volume leading up to the VW Squeeze. Keith goes into depth explaining the actions of VW and then proceeds to backtest the data and establish a very useful indicator for detecting squeezes as they are beginning to occur. + +It contains some great graphs showing volume and explaining that the VW squeeze actually happened over the course of 5 years before it's explosive 2008 conclusion. + +[The opening abstract per this pdf :](https://zero.sci-hub.se/4919/d7b5dbc2f70fa654775765be1976f4ff/godfrey2016.pdf) + +&#x200B; + +"On 28 October 2008 a short squeeze on Volkswagen stock propelled this car maker to become the world's most valuable company for a day. + +I study the market behavior empirically and investigate whether the timing of the price spike could have been anticipated from earlier trading. I utilize price information from regional stock exchanges in parallel with the primary electronic trading platform Xetra. Although the trading volume on the seven regional exchanges is small, *the geographical variation in traded prices shows anomalies when the law of supply and demand begins to overrule the law of one price, and this is observed more than 24 h ahead of the price peak.* + +**I find that the coefficient of variation in the prices at the regional exchanges is a leading indicator of the Volkswagen price spike.** + +"" + +From my own research on the VW squeeze - + +A few months prior to the 2008 squeeze the volume ranged from 4-7M with seemingly regular spikes to 24M + +It looks like on the day of the VW squeeze it hit around 46 Million on volume. + +On 9/18/2005 there is a huge 54M up and then down volume. Then the price steadily climbs until 2008. + +This is the crazy part - **in December 2006/March 2007 it looks eerily similar to GME with large spikes to 40-50M** that are sustained for a period. This kicked off a faster escalation of price until 2008. VW also popped off in February of 2021, and honestly still looks a bit like GME... It tested 300 4 times in 2021 before slowly getting pushed down. + +[VW Chart on Yahoo - go to 2008 and take a look](https://finance.yahoo.com/chart/VOW.DE/#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) + +&#x200B; + +With GME having both new lows and highs this week, it's a good time to think about volume! + +TL;DR As MOASS approaches, local brokers will start having to compete in price with one another. Specifically, non-USA brokers since they free from the yolk of the DTCC. + +Given the recent rise in volume + monday is coming, I thought we should all take a look at this PDF and examine the technique further. Wrinkle brains, any good ways of watching this coefficient of variation in real time across multiple brokers? +Kinda wanna know what the aftermath looked like—i.e. interest fees, taxes, the “Don’t *ever* let this happen again” phonecall from his brokerage. I mean, even after ETrade and Uncle Sam each cut a fat line that’s still like a year’s salary gained in a morning of mild retardation. +This proposal is on behalf of u/that_one_indian_dude, you can see their original proposal and reasoning in r/CryptoCurrencyMeta [here.](https://new.reddit.com/r/CryptoCurrencyMeta/comments/np7mmz/proposal_increase_the_karma_requirements/) + +&#x200B; + +Currently we require 50 comment karma and a minimum account age of 30 days to comment in r/CryptoCurrency. In order to submit a post, we require 500 comment karma and an account age of at least 60 days. This proposal would not make any changes to the account age requirements, but would increase the comment karma requirement for commenting from 50 to 500. If this proposal passes the new requirements would be as follows: + +\- For commenting: 500 comment karma and 30 days account age + +\- For posting: 500 comment karma and 60 days account age + +&#x200B; + +Users with the special membership for r/CryptoCurrency will still be exempt from the karma and age requirements. + +[View Poll](https://www.reddit.com/poll/nwnwfo) +[Wall of text incoming. Sorry about that.] + +**TL;DR:** Coinbase is a company at the cutting edge of the Bitcoin ecosystem, who follows all laws in the jurisdictions they operate in. They are an extremely easy to use on- and off-ramp into the Bitcoin economy, and legitimize the space for people who aren't extremely technically oriented. If you were around in the wild-west days of Bitcoin, you know how much the process of buying and selling coins has improved in just a few short years, even my parents would be able to do so now. So tell me, why all the hate? + +Hey /r/bitcoin, we need to talk about Coinbase, and the attitude of this community towards them. + +First, a bit about me: I've been involved in the Bitcoin community since early 2011, I work professionally as a programmer, have a degree in Computer Science, and I am not affiliated with Coinbase (other than having transacted thousands of dollars with them over time). + +In the early days, buying Bitcoin (off-exchange) was a nightmare. I'm not sure how many of the people reading this went through the process way back when, but if you did, you know what i'm talking about. You would get an IRC client, hook up to the Bitcoin OTC channel, and find someone willing to sell some coins for whatever payment method you might have handy. Then, the "fun" part began: Registering a PGP key to your name, building up trust, figuring out how the hell all of this confusing technology worked, and hopefully in the end, ending up with some coins in your wallet. This process was cumbersome, slow, and required extensive technical knowledge (or hours spent painstakingly following tutorials on how all of it worked). Even when you managed to follow all of these steps to the letter, you had an unreliable exchange rate from each OTC seller, who wanted a variable percentage of the transaction for doing business. + +These days, buying Bitcoin is easier than ever. Paypal? Credit cards? People will work with those. Cash? Check out Localbitcoins, Bitcoin is widely distributed enough that people probably have them near you. Bank account? Things get complicated. + +The existing banking structure leaves much to be desired, I will admit, but regardless of its current shortcomings, the existing structure exists, and anyone looking to be a major player in the Bitcoin space needs to work within it. Full stop. End of discussion. If you disagree with that fact, you are blind to the realities of the world around you. + +I've seen so much undeserved vitriol directed at Coinbase recently, I wanted to reach out to the community, and understand where all the hate is coming from. Some arguments that I've encountered: + +**Transaction monitoring?** This is a necessary evil, which is introduced by being a major player in the Bitcoin space, and needing to interact with the existing banking structure. If you purchase Bitcoins at Coinbase, and they see them go somewhere illegal, they are legally obligated to not sell you more Bitcoins. If Coinbase told the government "Actually, once the coins leave our system, we aren't going to track them and see if they go bad places. Sorry, not going to happen, we have principles.", they would be shut down faster than you can say "Intelligence Reform & Terrorism Prevention Act of 2004". In fact, their behavior towards people who have violated their TOS is not to confiscate funds: In literally every case I've heard, Coinbase lets you withdraw both your USD and BTC balances with no hassle, they just shut down your ability to make purchases or sales of coins. + +**5-day delays for payments?** Thats not Coinbase's fault, that's literally the time your money takes to go through clearinghouses and intermediaries before it ends up in their account. + +**1% fee?** Even if you transact $10,000 with them, you get hit with a $100 fee. That would pay a developer for 2 hours of their time, less after taxes. How do you expect them to make money? They don't run a fractional reserve, so that can't be it. I'm ignoring their exchange for this discussion, I feel that is a different product entirely, despite being linked to Coinbase itself. Both products need to produce revenue: business-wise, they would do best to shut down unprofitable ventures. + +**Cancelled purchases?** Okay. This one is a valid complaint, and the only one I've encountered so far. They cancelled one of my purchases in the past when the price moved significantly against them, but reinstated it after I complained, their customer service was superb. I have a feeling that the cancelled purchases are due to risk exposure for Coinbase, when they aren't sure whether a transaction will go through or not (not buying the coins right away in case someone interrupts the bank transfer early on in the process, perhaps), but that's purely speculation. + +**Shift payments card?** The amount of hate for this product has been absolutely astounding to me. Here we have a company offering a debit card that converts your Bitcoin into USD _at the point of sale_, effectively letting you spend your coins at any brick-and-mortar retailer that takes Visa cards, and the community is up in arms about it being "useless" and "stupid"? Seriously? As a programmer, I literally cannot think of another way that would be possible to do this. Unless the merchant already accepts Bitcoin at the point-of-sale, if you want to pay in coin, you need to: + +> 1. Have Bitcoins. + +> 2. Convert them into USD. + +> 3. Transfer the USD to the merchant. + +That is literally what this card does. Am I missing something here? Because this seems like a very nice use case for me personally, and in fact, one of the Shift cards is on its way to me right now. Just because you personally aren't the target audience of the card, isn't enough reason to disregard its utility for anyone else. +My dad doesn't have any type of insurance. 3 weeks ago he had an ischemic stroke and needed a few days in the ICU. That's a $9,000 bill. Recovery was going alright for the first 2.5 weeks, he's now mentally and physically disabled though. Then, he had an upper GI bleed, caused him kidney and liver failure. He got pneumonia too on top of that. $31,000 bill and counting (still in the ICU). + +I'm supposed to go to college next month. We had money to support my college funds, and pretty much all of it is lost. I've already paid my first few semesters and I think it would be a waste not to go. + +My mom is dirt broke, so am I. We have to sell our house, car, and any other assets that we have. My father's medical bill is expected to reach $80,000 to $100,000 in a year. + +Is there anything I can do to help my family? I live in Indonesia so I can't use any help from any foreign organizations. Life is looking dark to me, and I'm afraid that it would be inevitable that I'm heading to a future of poverty. + +Thank you for the help. +My last post was well received, so I figured I would follow it up with something that puts me on the other side of the conversation. + +One VERY important thing to remember as a direct report is that your boss, as mighty and powerful as they may seem to be (/s), also reports to someone else (again, unless you are a VP or work in a small enough company, in which case most of this advice is moot because your workplace dynamics are completely different). + +As such, they have some of the same concerns about life than you have: they probably don't feel like they are adequately compensated, they probably also feel like there's other people making more money than they should, and they also probably have looked around from time to time to get an idea of what their market value is. They are human beings, and this is an important thing to keep in mind, because it can help you better position yourself for promotions/raises. + +Please note that I am explicitly using the word "positioning" rather than "negotiating" a raise, and the difference is very important. + +In order to negotiate a raise, you need to have taken multiple steps to put yourself in the right position. You could have done a fantastic job for the last 2 years, but if you don't position yourself correctly, it won't matter from the perspective of getting a promotion or raise. + +So, how do you position yourself? + +The shortest version of this, to me, is the following: + +***When your boss has to go make the pitch that you deserve a raise, you need to arm him with the best ammo possible to accomplish that*** + +Here's the thing: your boss wanting to get you a raise is nothing but step 0 in getting a raise. Clearly if your boss doesn't want to give you one, you're not going to get one. But just because she wants to give you a raise, it does not mean that she will be able to get you one. And that is where **you** need to ensure that your boss will not only want to give you a raise, but also have enough evidence that you deserve. + +Think about it as a detective bringing a case to a DA: even if you both know that someone committed a crime, a DA is not going to file charges unless they know they can win the case. As a detective, your job is to bring in enough evidence to convince the DA that they can go win the case. As an employee, your job is to bring your boss enough evidence that they can go get you a raise. + +Let's break the process down: + +***1. Gathering evidence*** + +So what is that evidence? + +I could list a lot of things, but there is only one surefire way of knowing + +> The evidence that you need is whatever your boss thinks they need to make the argument + +I know it's circular and it sounds dumb, but it's true. The only way to make consistent, no regrets moves towards being perceived as someone who deserves a raise is to be completely aligned with your boss as to what you need to be doing, and what is the standard for doing those things well. + +Forget about job descriptions, forget about what Jim is working on, forget about what your skillset is or isn't; at the end of the day, your boss has their own internal barometer for what your performance is, and your job is to understand what that is, *and then kick ass at it* + +How do you figure that out? If your boss is managing correctly, you should have plenty of opportunities to ask. During 1-1 meetings, during performance reviews, during project updates, when you send deliverables, etc. These are all opportunities for you to ask "is that what you wanted? how could I have made it better? Is there something that I am not doing that you would like me to take care of? How can I help you?". + +If your boss is not currently giving your those avenues, then you'll need to manage up, i.e., you will need to establish avenues of communication between you and your boss where you can ask those questions. They don't have to be formal, but at the end of the day you need to get to the same questions, and answers. + +***2. Setting the expectation for your boss*** + +This is also going to sound really dumb, but it needs to be said: + +***You need to make sure that your boss is aware that you are looking for a raise WELL before you expect that raise to actually materialize*** + +You don't show up on Monday to tell your boss that you expect a raise by Friday. You show up in January and ask your boss whether or not you are in line to get a raise in May, and you touch base every month along the way to make sure you are still on track. + +There are three reasons for this: + +Firstly, if your boss doesn't hear from you that you are expecting a raise, they may assume that you are happy with what you are making. I know, I know... your boss should know that you are important and that you obviously deserve and want more money! The problem is that your boss may have other things in his mind, and worrying about your salary can very easily slip to the back of his mind unless he's reminded of it. The only surefire way of telling your boss you want to raise is to tell her! +Of course, this is not going to be a conversation of the "I demand a raise" type. Since you're doing this early, you can set the expectation simply by asking something to the effect of "I would like to know what areas I need to improve on in order to be considered for a raise in May". Something that puts responsibility on you, but ultimately plants the seed in their mind that you are interested in more money. + +Secondly, deciding to give someone a raise is a process. It's not an overnight thing. You don't wake up one day and tell yourself "today is the day that Bob earned that raise". Odds are you start thinking about whether or not they deserve a raise first, and then spend several months evaluating the magnitude of the raise, and you wait until that is meaningful enough to make a push to senior management about it. + +Thirdly, it takes time to get a raise approved. In most companies there is enough red tape that multiple approvals are going to be needed to get there. So, give your boss time. + +***3. Timing the ask correctly*** + +As I discussed last time, promotions and raises are easiest to give during annual performance evaluations, because that is the time where the whole company is focused on evaluating compensation. You are likely going to get some level of raise (cost of living increase), but it's much easier to influence that number than it is to ask for an off-schedule raise. + +Besides that, if you did steps 1 and 2 correctly, asking for a raise shouldn't be a big challenge: you have set the expectation with your boss ahead of time, you have ensured that you are doing great at your job along the expectations that your boss set. + +Of course, you may run into a situation where your boss just can't give you a raise, because of either budgets, politics, etc. My advice: don't panic, stay calm, don't get angry. + +However, make sure you communicate that you are disappointed. In an ideal world, what you want to get out of your boss is "yes, you did great, you deserve a raise, but I can't get you one **right now**". + +Because the key is that they may not be able to do it right now, but things always change. The best thing you can do for yourself at that point is to maintain your positioning, i.e., remain being seen as a person that deserves a raise so that when the opportunity does come (and it will), you are at the top of the list. + +For those who work in places that haven't given you a raise in 3 years even though you are acing your performance reviews: Leave. + +If your boss won't be transparent and help you understand what you need to do better to get a raise: Leave. + +If your boss recognizes that you did an amazing job but doesn't believe you should be rewarded with a raise (even though they could get you one if they wanted to): Leave. + +If your skillset is such that you will never be able to meet the standards that your boss has set: Leave. + +If you inherently disagree with what your boss sees as good (for example, being manipulative to achieve results, being unethical to get sales, etc.): Leave. +My ten bagger so far has been PLUG and my next one is STPK / STEM. STPK already announced that it will combine with Stem, smart energy storage which uses AI to optimise clean energy assets and supplies its customers with digitally connected storage networks. + +I'm in STPK and PLUG. + +What's yours and why. +Stupid question, but can the price of an ETF be too expensive? To the point the retail investor would be unable to purchase 1 share? + +For example: VTI reaches a price of $1k. +https://www.cnbc.com/2019/09/02/china-economy-caixin-markit-manufacturing-pmi-for-august-2019.html + +The Caixin/Markit factory Purchasing Managers’ Index (PMI) was 50.4 in August — better than than the 49.8 analysts polled by Reuters had expected. The Caixin/Markit manufacturing PMI was 49.9 in July. + +edit: Thanks for the gold award! +edit: Thanks for the silver award! +In the past few months we had a lot of signals to sell: BTC dropping 41k > 30k in a matter of weeks, ETH going sub 1k, XLM dropping because of XRP lawsuit, then it shot up because of Ukraine, now it pumped again this bullrun, and now everything's in red today. After each massive dip the coin price increased further than the past normal, those who HODLed were rewarded massively. All of these dips were only there to shake out the weak hands and people full of doubt. Not only that but if you sell your coins you will get obliterated by taxes, it's double the loss. + +And once again we're seeing an usual weekend dip and many people (newbies mostly) asking "what's happening?", wondering if they've lost their money. + +Don't fear the dip, enjoy the dip. + +With the increasing institution and media interest, and many people getting into the crypto it's near impossible that crypto will fall back. Even say, we enter the bear market again, it will only be a short span of accumulation phase where you get coins at an discounted rate before we get another bullrun and profit from it. Dip is best what can happen to you, it's an opportunity to accumulate more of your coin, if it only went up you wouldn't get such good deals. + +And my most important argument is that soon we'll enter the internet coin age, and now's the best time to get as many of them as you can. You'll be the early adopter and you'll do waaay better than people who get caught with hands in their pants with their useless FIAT. If you sell the dips you will have less currency to use later! + +Never sell, only buy. +As title suggests.. what coin(s) have you lost faith in and why? + +Did you buy too high? No fundamentals? CEO and core team abandon the project? Did you buy a pump and dump that dumped hard? + +With this bear market and billions of dollars flowing out of crypto, it may be easy to be regrettable about buying for numerous reasons. + +However, assuming another bull market will eventually happen, what do you think is least likely to rebound (out of what you bought). + +I’m hoping another bull market can and will make me money, but, with reading and researching previous market trends and top 10 coins, it’s seems as many may have fallen too extreme and may not ever recover. We can only hope that this doesn’t happen to us. +[https://finance.yahoo.com/news/atossa-therapeutics-president-ceo-dr-143000932.html](https://finance.yahoo.com/news/atossa-therapeutics-president-ceo-dr-143000932.html) + +So for those of you that dont know this has been on here a couple of times people are calling it a pump and dump from yearly chart analysis. let me just tell you how frustrating it is to watch a bunch smooth brains get on here and bash a gold mine by showing shapes of charts. Heres the facts. Great Leader Dr. Steven Quay has released yet another fantastic update. They are developing two drugs A covid theraputic that can be administed like flonase that is showing very promising clinical results this will be there first profit on the market with a product they are very close to producing it at this point. Second there is a drug called Endoxofin that is showing a 74% reduction in cancerous cells. Endoxofin has passed phase two trials early because of the huge results that were seen. Look for this to be on the market in the next year. Here is my thoughts Ive been on these bio tech rides for a while if there is one thing ive realized it is that there is no loss in a successful cancer drug. This is following the same path as greenwhich life sciences which also developed a breast cancer gene therapy product. Greenwhich follow the same up and down chasing the news cycle people would dump it would fall then suddenly out of no where boom 6 bucks to 129 then normalized at 50bucks. If there is one thing that i can tell you for certain its this. Leave 1000 bucks on it and forget about it. You have to remember there is a drug that is going to be rushed to market the covid theraputic this is going to cause this thing to run. Thank me when it happens but dont miss it. Get it while you can boys scared money dont make money. +My landlord has texted me on Monday morning saying that the rent will increase by £200 (roughly 30%) from January. +I've looked into what my options are and for now I've simply replied saying that I do not agree to such an increase, this has lead to an exchange of texts in which the landlord has explained the reasons for this increase. +I was in a 12 months tenancy that expired last march paying £650/month. From march 2022 I have been in a rolling tenancy and had the rent increased to £675/month (the rent increase might be important here). +I have looked into section 13 the landlord could serve me and my understanding is that the rent can only be increase every 12 months (not until March 2023). This has been confirmed by someone at citizenship advice, but the info out there is confusing. +Anyone had a similar situation or has had a section 13 thrown out at tribunal because of that? +Before you guys say i told you so, i know and i've learned my lesson about taking out phone contracts or any type of credit on behalf of someone else and will never be doing it again. Now that part is out of the way you know what im asking, i'm still paying my ex partners phone contract who refuses to answer me in any way shape or form to do a transfer of ownership (or pay me back the 000's of which she owed when we split but i've cut my losses with that) and was wondering if there is any way i can stop paying it without having to take the hit of paying of the full contract in one (which is out of the question as i definitely can't afford to.) Thanks in advance. +Hi all, [we're a bunch of molecular biologists](http://labs.mcb.harvard.edu/o'shea/people/tim.html) working to take down cancer. We are also passionate about digital currencies and think they are the future of funding for the sciences and the arts. + +We're wondering if this awesome community might be willing to fund our cancer research. [We just published some work](https://onarbor.com/work/3/mtorc1-regulates-cytokinesis-through-activation-of-rho-rock-signaling) we are really excited which investigates the role of the very important [mTOR signaling pathway](http://en.wikipedia.org/wiki/Mammalian_target_of_rapamycin) in cell cycle control. + +We created a site, [Onarbor](https://onarbor.com), that uses Coinbase to enable Bitcoin transactions. You can fund the work on the site itself by first signing up here: https://onarbor.com. Though funding through Onarbor is the preferred method because it enables us to more easily tally the funding, every Onarbor user gets a Bitcoin address and [mine](https://onarbor.com/by/timrpeterson) is **168HLEEA174h35aFwUJ93DZ6R3s8uK2EjY** http://imgur.com/xZyFeov (QR code) + +So far we've raised about ~10 bitcoins, $6,000. Our goal is 100 bitcoins. + +Here's images documenting me as owning this reddit account, [working at Harvard](http://labs.mcb.harvard.edu/o'shea/people/tim.html) and MIT ([Whitehead Institute](http://wi.mit.edu/) is affiliated with MIT) and having publish researched at these institutions. + +**EDIT (reddit verification)** http://imgur.com/FVUIIdn + +http://i.imgur.com/2kU8LCO.jpg + +http://i.imgur.com/VmfbemV.jpg + + + +**EDIT** link to my Onarbor profile which doesn't require login and which has my BTC address: https://onarbor.com/by/timrpeterson + +**EDIT** Wed May 28, 6:29am EST: The research is in the public domain and is as such unpatentable: https://onarbor.com/work/3/mtorc1-regulates-cytokinesis-through-activation-of-rho-rock-signaling[1] +There are a lot of tax questions going around about wash sales and taxes for traders. I am not an accountant and I am not going to give anyone tax advice for their own returns. There are very few accountants who understand tax laws for day traders. Prior to 2020 it was not a popular activity. I had to do all the research myself to learn the rules. Almost all information you need is online. Here are some guidelines. I encourage anyone who is going to do this for a living to take their taxes seriously and get their ducks in a row. PAY YOUR TAXES. + +Trader Tax Status (TTS). This is not an election you make with the IRS. It has specific rules from case laws that give the guidance on if you qualify. TTS gives a trader to write off business expenses related to trading. This can include, stock related subscriptions, classes, chat rooms, tax guidance, internet, and startup costs. There are specific amounts that are used to guide whether a trader can write the full amount in one year or over the course of multiple years. The business expenses are itemized on a schedule C. What makes a trader qualify? A trader must spend at least 4 out of 5 days a week trading for at least four hours per day. A trader must average 4 trades per day. A trader must average all of these trades over the entire year. You cannot make a lot of trades in a few months and then take a few months off. The trader must consider trading as a primary source of income. This does not mean you cannot have other sources of income. TTS does not eliminate wash sales for the trader. + +475 Mark to Market accounting election. This is an accounting change the the trader declares with the IRS. It must be made for the first year they want to declare their change by the April tax deadline of the year. So for 2021 you must declare by The April deadline of 2021. The MAIN benefit of this election is you are no longer subject to wash sales. This is imperative for active day traders. If you are going to be an active day trader you should consult your tax professional about this election. TTS qualifications are generally required for MTM election with a few changes. As a MTM trader you should not have trades that last longer than one month. All of your income is changed to ordinary income so you will add all of your income together and pay the tax bracket you are in. If you want to hold a long term position it is best to do this in a separate trading account. The election is made on your tax return along with writing a separate letter to the IRS that must be mailed. These are the main differences between the two statuses. + +TLDR, good luck if you’re too lazy. +Hey, so I'm looking some advice and guidance on what to do career wise. I currently work in 1st line IT Support but I am interested in becoming a Software Engineer. Would it be wise to quit my full time job to do a degree which also includes a placement year? Bearing in mind I am already 23, I would have to do an access course for 1 year so if all goes to plan I would graduate when I'm 28. Would this be worth it? +When interest rates were low it made sense to pay any over payments into an index tracker rather than over pay your mortgage. + +With the base rate now at 3%, mortgages are getting more expensive. At what point do you say that the returns from the index tracker aren't worth it any more, and paying off the mortgage is preferable? + +Or do you expect index trackers to always return base rate + some kind of risk premium and therefore consider it always better to borrow at mortgage rates and invest in ISA index trackers? +Good lord people....if DFV is back on Twitter.....it means he is confident enough, or his lawyers are, that he can interact with the public again. + +Holy shit everyone think about it. DFV might have stopped posting (on his own accord or at direction) because he couldnt risk being targeted as a manipulator and “causing” the margin call/MOASS........ + +DFV posting now might mean the margin call has has happened, this is pure speculation to be fair. He can’t inadvertently cause something with a post if it’s already happened. + +Holy. Shit. + +HOLDDDDDDDDD. + +Edit: wrinkle ape below mentioned it could be as simple as a lawsuit being resolved or dropped that was keeping him quiet. Still exciting having that giant balled Diamond Handed Ape back! + +Edit2: wording for clarity. + +Edit 3: last edit before bed. I suppose my post could read that DFV has some insider info. I’m not suggesting he does. I am suggesting that the dude smart enough to have foreseen ALL OF THIS to perhaps be smarter than the average Ape. The price that this house of cards crumbles....I bet DFV knows the price tag. + +#Who Is $TNXP? + +Tonix Pharmaceuticuals IPO’d in 2012 at ~~$40,000~~ $40(clarification provided by u/SnipsLOLz). Through offerings and a huge hit in 2016 due to dropping a fibromyalgia treatment in Phase 3, the stock price for **$TNXP** had plummeted to ~$0.50/share by the time COVID lockdown hit the USA on March 14th. By July of 2020, the price had climbed back to $1.50 by July 16th, after a [July 13th common stock offering of $10.5 million](https://www.tonixpharma.com/news-events/press-releases/detail/1213/tonix-pharmaceuticals-holding-corp-prices-10500000) + +Since July of 2020, **$TNXP** has began trials, reached Phase 3, or put to market over a dozen different treatments, which you can read about in their [often posted Press Releases](https://www.tonixpharma.com/news-events/press-releases?page=4). + +#Who is buying $TNXP? + +**$TNXP** has institutional backing from the likes of **Vanguard, Blackrock, Fidelity and** ***more***. They have gotten [27 new institutional owners, a 107.69% change from Q2 2020 - Q3 2020, totaling 69 (*nice*)](http://finra-markets.morningstar.com/MarketData/CompanyInfo/detail.jsp?query=19%3A0P0000J56I&amp;sdkVersion=2.58.0). **Blackrock acquired 1.47 million shares on 09/30/20, GSA Capital acquired 1.06 million MORE shares on 12/31/20, with another 150k shares acquired between Fidelity, Azimut, and more on 01/31/20**. + +I’m no expert, but it sounds like institutions have been finding a lot of interest in this company, and for more than one good reason. + +#Why do I see value in $TNXP? + +Well, in addition to following well-performing institutions and ETF’s plays, **$TNXP** is making moves on a lot of really fucking promising treatments for a multitude of different ailments. On February 8th, 2021 they [announced that they will be developing the first COVID-19 skin detection test](https://www.tonixpharma.com/news-events/press-releases/detail/1246/tonix-pharmaceuticals-to-develop-covid-19-skin-test). The test is aiming to detect COVID-19 as well as T-cell immunity, which other tests are not, by combining three different synthetic peptides, and is similar to Tuberculosis testing. + +They are also developing patents for treating organ rejection and auto-immune disease, has an exclusive licensing for the development of treatment for Prader-Willi syndrome, as well as fibromyalgia and PTSD treatments. + +**$TNXP** has a [total listed assets of ~~$67,617~~ $67,617,000 and only ~~$5,049~~ $5,049,000 (see edit for clarification) of total liability as of Q3 Earnings](https://doc.morningstar.com/Document/c2fa3f1ea12d2b7f247a4d1a3564f6a8.msdoc/original?clientid=globaldocuments&amp;key=52dbc583e1012395) which is an asset increase of +$53,059,000 from Q2. + +#In conclusion, + +###$TNXP is continuously developing new treatments and patents, including a potentially ground-breaking COVID-19 skin test, as well as vaccine research and more. They have increased assets, decreased liabilities, received huge interest from 5 star rated institutional investors, and has been trending upward all week after a public offering + +#Price Target + +###Short-term price target: +$5 by 02/19, influenced by consistent momentum, consistent press releases, and [their upcoming presentations at the BIO CEO and Investor Digital Conference](https://www.tonixpharma.com/news-events/press-releases/detail/1249/tonix-pharmaceuticals-to-participate-in-bio-coo-investor) from February 16th - 18th + +###Long-term price target: +$15 - $20 by Q3/Q42021 assuming most of the developmental patents and treatments meet their timeline goals, as most have Q3/Q4 target completion dates + + +If you need anymore DD, or have anything to add, or argue, I’m open to discussion. I see a lot of value here, and I think you should too. + +***This is not financial advice, I just like the stock*** + +*Edit: Just want to shoutout u/notTMorDM for pointing out that the numbers I listed for their assets vs liabilities equates to “a fully kitted Lexus SUV”, corrected the numbers for ya. Clarification on the assets vs liabilities, as I copy and pasted the numbers but didn’t account for the fact that the linked report is (in thousands), so tack three 0’s onto the back of those* + +*Edit 2: Realized I had pasted the wrong URL for the assets and liabilities link. It’s fucking hard doing this all on an iPhone* + +*Edit 3: [Found DD that goes in depth on their cash holdings and current pharmaceutical pipeline](https://www.reddit.com/r/pennystocks/comments/lg3qp4/nasdaq_tnxp_tonix_pharmaceuticals_a_covid/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) courtesy of u/Derp2638* +I have been working for an NHS employer (Let’s call it employer A) since 2013 and I have been contributing to the NHS pension scheme. + +I have taken a year out to broaden my experience (employer B, also NHS) from Sept 2020 - Sept 2021 and I have been paying into my NHS pension during my employment with employer B. + +I have returned to working for employer A in Sept 2021 following the year with employer B. +I have been paid monthly by employer A since Sept 2021. + +I have left employer A in Aug 2022 and I am now with another employer (employer C, also NHS) + + +Today I have been reviewing my payslips from Sept 2021-Aug 2022 and I have noticed that employer A had not been taking deductions for pension. + +I rang up payroll today about this and they stated that I “opted out”. + +I don’t think I have ever “opted out”, I understand you need to fill in a form SD502 to send to the employer to formally request/declare this, which I have never done. + +I asked them to show me the proof that I have made a declaration to “opt out” and I am waiting to hear from them. + +I know I should have raised this earlier but I admit I am not the most careful when it comes to finances. + +Is there a way of reversing all the extra PAYE I have paid and turn it back into pension? Or is this unrealistic? + +I know it is only 1 year but still quite a bit of money + +Any help or advice would be greatly appreciated. Thank you in advance +They're actually super scared it's another 2018, even though this happens like once a week and they still haven't learned. + +The rest of us just don't say anything, or do anything, and keep holding. Dips come and go all the time. Really no need to tell everyone that you're buying it, or this is the last chance to board the rocket. + +Sick of reading those threads. We all know you're terrified, probably because you FOMO'd the top and you're trying to rationalize with your decision. + +Just saiyan. +i was just checking open insider to see if insiders are buying or selling the FB stock and was astonished that Mark's name was plastered all open the page, again and again , during all of 2021, all of his trades are selling the stock, was this a red flag or am i just retarded ? + +[link to open insider](http://openinsider.com/search?q=fb) +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 bragging to a minimum; remember every dollar you make is a dollar someone else lost. +Hey guys. I bought 100 shares of spy and I want to hold spy log term and sell covered calls on it too. + +I'm ok with it going in the money and just rolling out and up. + +Anyone do this ? Is Delta 30 good for this stratgy or farther ? +Has anyone considered it? We're talking bottom strike here. October 7 you're looking at around .80 as of Friday's close on the 20 strike. Lowest it's been YTD is 21.86 and you'd be safe until 19.20. + +Thoughts? +Can anyone explain the difference in pricing for buying shares of RIOT vs holding crypto? + +I have about 5K in crypto, but I'm giving thought to selling it and using that money to buy 100 shares of RIOT, so that I can sell covered calls against it. If they are in perfect correlation in terms of price movement then it seems like the better play since I can milk some extra money out of it with options, but I'm not sure if they are functionally identical in terms of exposure or not. +So I opened my first IC on AMZN going into earnings (AMZN was at around $2800 when opened), all contracts expiring 3/18, as follows: + +2400 P -0.17 Delta @ Open, $49.97 Premium + +2500 P -0.23 Delta @ Open, $70.06 Premium ($20.09 Net Credit) + +3200 C 0.22 Delta @ Open, $49.12 Premium + +3300 C 0.16 Delta @ Open, $34.10 Premium ($15.02 Net Credit) + +Total Credit: $35.11 + +&#x200B; + +As we know, AMZN had a huge positive move following the earnings report, and is at $3152.69 as of Friday's close, testing the call spread, and leaving the put spread at around 85% profit. + +I'm thinking about rolling up the put spread to 2800/2900, which would reestablish that leg at similar deltas to my original spread (-0.15/-0.22) for a net credit of around $15 (I realize that deltas and prices when the market is closed are suspect at best, but they're something to work with). Does this seem like a reasonable course of action to you folks with more experience? + + +Edit: Had the premiums on the Put leg reversed. +What is your advice for theta plays for a smallish account like this. Any preferred approaches you have? How much would you allocate to each play, how many plays at any given point? +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. +Anyone here do short term iron condors on spy? I’m trying out a 2DTE strategy where the next day you roll down or up the untested side for a credit. If one side gets breached you can roll out and continue to manage the trade. Seems to be going well so far. I used to play just one side spreads but the iron condors has changed my whole game by collecting more premium and hedging more +For the last few months I have essentially been wheeling AMD and SPCE in my Roth IRA. I usually sell covered calls about two weeks out and aim to earn roughly 1 to 2% within that time period. The goal is to hit 4% premiums a month but in all honesty this has been fairly difficult to achieve. In reality, I have only been receiving around 2 or 3% of premium return per month because I do not like to make aggressive or "careless" plays. + +My current AMD covered call strike price was $56 and today, due to the unforseen massive market gains, I was forced to roll the call up and out. I realigned the strike price from $56 to $60 but was forced to push my two week call back about 45 days until mid August. + +SPCE has been a wild ride as well. My original position was an $18.50 strike price, but today I also rolled my calls up and out until mid August. My new Strike price is $22 and in all honesty I would be very happy if the stock continues to climb and my calls gets exercised. I feel SPCE is a very speculative play, and at this time, I would be very happy just taking profits. + +Just figured I'd put in my perspective if anyone cared. For all of you newer wheelers, don't be afraid to roll out your calls! It can be a very effective tool to help preserve your principle. +Edit: Thank you to everyone who responded and offered their input and advice. I like seeing all the different strategies people are using, and it was very helpful for a novice-investor (1-year experience) like me to see how other people do things. + +It’s been a while since I’ve posted or checked in here. I’ve been doing tinkering, reading, losing money, making money, but mainly just learning the ropes more. + +As I’ve gotten more into options I’ve come to tinkered with Condors, Butterflies (less successful), straddles, and strangles. I tried to start with the wheel, but usually chickened out too much to take assignment at first. As I’ve gone further, it seems like the Wheel is pretty much just a covered strangle over a longer time frame. +I could be way off on this, but it just seems you’re doing the same thing - selling a put and a call - with the difference being not buying the shares before selling the the put. Is this an appropriate comparison? +I like to get y’all’s thoughts for my current strategy. What I’ve been doing is selling 0dte credit spreads, both puts and calls. What I do is wait until around 10-10:30 and based on how the market has moved up to that point I will sell a put or a call. For example if at 10:30 SPX has increased .5% I’ll sell a call spread 2% OTM because I don’t expect an index to increase 2.5% in a single trading day. I do the same with puts. I realize I’m not getting the greatest premium with this but so far I’m up about 14% doing this. What am missing and do y’all have any suggestions on how to improve. +I sold 5 PLTR CCs last week at $21. I was fine to see them go. However, when I checked my account Saturday morning the 500 shares were not called away (when they always disappear from my account). + +Still there this morning. I guess someone didn't realize the market closed early on Friday and never sold them and didn't exercise the option? +Proud to say I joined the gang today by selling my first cash secure put! Strike was $4 and premium was $18. One of the main reasons I've taken so long to join is because I don't really have capital and I'm working on building but I'm not too sure what to do besides depositing money and waiting. Any suggestions on the best way to build up the account? +I know in bits and pieces the collar concept has been covered in various posts, but I was hoping for a good pros/cons discussion of this on a high dividend yielder vs. CSPs and/or the wheel. + +**Goal: Looking for the least risk (zero ideally), most potential income strategy out there.** + +Stage 1: Normal buy and hold. Results not bad in recent years, but who knows what the future holds, and most all gains are on paper, subject to disappearing at any time. + +Stage 2: CSPs and wheeling. Started this in Jan 2022. Going well, but a bit more management and trading than I want to really do (esp. while still holding a full time job). Still generally subject to drops in underlyings and needing to manage those. + +Stage 3: Collars. I have known about these for a long time but have never implemented one. One candidate to try this on that I hold is T, current yield is 8.96% + +Collar: T is currently $23.22. Six month out Sept 23 call is $1.44 (bid), 23 put is $1.64 (ask). Effective cost is 1.64-1.44 = 0.20. 6 month dividend total is 23.22\*0.0896/2 = $1.04. Effective yield is (1.04-0.20)/23.22 = 7.2% + +I know I am giving up upside, but I am just looking to guarantee as much of the yield as possible. + +Are collars truly zero risk? I mean, outside of the system blowing up completely, if T goes to $5 in 3 months, I should still be able to sell at $23? + +I just read a few chapters of this strategy and the thing that stuck in my mind is it is mantra to diversify your holdings to prevent any one stock from destroying you. But with a collar or protective put, that limitation is basically removed, and you could theoretically pile into the highest dividend payer you can find (that has reasonable options) and protect yourself completely. + +Any thoughts and experiences are appreciated! +Don't do Calendar on vol instruments like VXX, UVXY, VIX, or /VX, or any ETF/ETN where the underlying is a futures contact. + +They said that each expiration has a different futures contract as the underlying. So you never know what the value of the far dated futures contract will be worth. You can see this in the term structure. + +Is this true? What about indices like SPX, NDX? + +Also thetagang is not WSB. +Look + +If you had + +One short + +Or some immunity + +To sneeze on anything you ever wanted + +In one moment + +Would you spread it + +Or just let it sit? + + + + +Hoe! + +His calls are bloody, memes weak, bags are heavy + +There's margin calls on his account already, no more tendies + +He's nervous, down in his basement he's alone and sweaty + +He's still long, and he keeps on regrettin' + +Can he short now, or does he go all-in now + +He opens his app, but RH server’s down + +He’s chokin’ now, everybody’s jokin’ now + +JPow comes out, 1 trill., bull run, wow! + +Snap back to the profit he, laughs at his luck and he, + +Posts pics of tendies he stoked + +He’s a god, but he won’t cash out that easy no + +He won’t have it, he knows, it’s not yet time for these $ROPEs + +Bears don’t matter, he’s woke, his profit record, he broke + +He’s so sad coz he knows when he logs back in to this clusterfuck that’s when its + +Back to the negatives yo, this whole market he + +Better go capture the moment and laugh at the autists. + + + + +You better - lose yourself in the market the moment you open it, you better never let it go (go) + +You only get many shots, every single account you must blow, + +This opportunity comes once every fortnight + + + + + + +*Edit: How do I buy $SPY puts with reddit gold?* +I'm relatively new to this subreddit, but did a cursory search and haven't found much on investing in HFT firms. + +I'm curious why this isn't more frequently discussed and for those familiar, how to vet and also what sort of allocations make sense to invest with quant funds? + +I'm in my mid 20s, almost 8 figures NW, low 7 figures liquid. This year I've hit and will continue to hit a few 7 figure paydays and I'm ready to start letting some other people manage parts of my money. I'd like to throw a bit of that cash at quants in my network to manage. + +I've been going through interviews with a few different firms and trying to sort through my options and get a good handle on risk, fees, general expectations. Options vary considerably and I'd like to make the most informed decision with my capital. + +Would appreciate any insight / advice / past experiences. +I’m looking to start investing in start ups but hesitant to do so via Ourcrowd or Angelist. Does anyone have experience with these? What’s the best way to get started. Are there conventions or well known events ? The rolling subscription funds on Angelist seem interesting but also scary as you have no control in what companies are picked, etc +Apologies if this is the wrong sub, but I know there are some ex-founders in here so thought I'd get see if I can get some good feedback. + +The CEO of startup approached me about advising him on a part-time basis in exchange for some equity in the company. The company raised some seed money from an angel investor to explore business ideas and now they're thinking of entering a space I previously worked in. I don't have any non-compete concerns since the startup is not in the same space as my current employer and I left my previous startup over a year ago. I'd purely be helping the CEO understand the space and offering advice on go to market etc. The CEO has offered me .25% of the company vesting over 6 months. In exchange I have to talk to them on phone once a week for 6 months. I like the team and think they'll be successful, and we've discussed me potentially joining the business down the road if they decide to raise an institutional round. My question is: + +\- Is .25% fair? I've worked at early stage startups with equity packages in the past but they've always been part of my overall comp. I got .5% of the equity at a previous employer, but that was my full time job – I've never done this advising thing before. + +\- Any other gotchas I should watch out for or terms I should insist on? + +&#x200B; + +Basically I would love to hear from anyone who has done something like this in the past - either as a founder or as an advisor. +I’m in my late 20s, and have saved and invested most of my money since graduating. I’ve been thinking of spending some more on myself while I’m still young and healthy, however spending doesn’t come naturally to me as I’ve saved for most of my working career. + +I thought I’d ask here would you people would recommend going ahead and spending the money on? What things/hobbies/experiences/everyday items do you not regret spending on/not skimping on while on your way to FI? + +I was at a basic chain grocery store today (Safeway) and for once looked at the prices while ringing stuff up. I use a food prep/delivery service and only shop for me so I don’t need to go to the grocery store very much. + +$15 for a small ish bottle of detergent? + +$5 for a single stick of men’s deodorant? + +I can’t imagine being in a position of someone just trying to get by. Either inflation is getting real or a lot of time went by in a flash, and I just didn’t notice the slow creep up in prices over the years. Seems you used to be able to get some basics and be out of there for under $20. + +Now it seems like over $100 is typical. + +I feel old. + +https://imgur.com/a/jQOsbUj + +Facebook put play from yesterday that I posted about. Returns were 1500%. On line with what I predicted. It didn't even hit me yet tbh. +Edit: Deleted the post, I thought I had some interesting things to say that would spark interesting conversation and I could see other points of view, but it's mostly just people flinging shit at me, and my character. So hodl or something I guess. +Earlier this week the ethereum network was clogged to a halt after FCOIN Exchange, a Singapore based exchange backed by the former CTO of HuobI, Zhang Jian, began its voting process for its new series of “GPM Tokens.” Many seemed surprised that an exchange in its infancy could have such a drastic effect on the network just as Cryptokitties did earlier last year, and were even further surprised by the exchanges acclaimed 7 billion usd in daily volume. However, both the volume and the voting process were heavily manipulated to the benefit of the exchange. + +Spend a few minutes on fcoin usdt trading pair (hereafter, FT), or any FT pair for that matter, and it is clear to see the rampant levels of botting being done. Orders of 5, 7, 10, 15, 20 fly across the screen such that over 6 billion usd in “transactions” can be completed in a 24 hour period on FT alone. + +Further, to ensure the ability to maintain as much FT as possible, the price of FT is constantly manipulated by the bots. At its current price, it is impossible to acquire enough FT to gain enough daily rewards to offset risk. This is intentional as otherwise too many new entrants would appear and take supply from the bots. Combine this with downward pressure on the price every so often to rattle holders, and the bots can control everything. + +Now I’ve reached out to a number of fcoin staff and volunteers about these issues and they make no attempts to deny my accusations. Some have even admitted to the botting issues and the potential for the exchange to be behind both the price manipulation issues and the botting. For now I will not reveal my sources, but I am prepared to supply saved conversations in a court of law. + +In the US, the manipulation of asset prices and misleading investors is considered fraud, and damaged parties are able to seek compensatory damages through class action. Since Singapore law is similarly based on the English system, they too allow for harmed parties to form a class and file suit. As of now, I have started looking for a legal team to work to file a suit against FCoin. If you have ever traded fcoin, and have proof, please contact me. + +EDIT: some folks have pointed out that all coins on the exchange are held in a single exchange wallet, and that the exchange itself doesn’t own essentially all of the coins. This is a good point that I originally missed, and for that I apologize. I have removed that portion from my original post. However, this does not mean I am not suspicious of the exchange for engaging in both price manipulation, botting, and owning a large supply of its own coin to collect fee rewards based on my conversations with their own staff and volunteers. I plan to release my evidence to a publication for dissemination. +To those of you with second jobs, where do you work and why? What are the best jobs to work in the evenings and on weekends? +I work in real estate 9-5 but am looking to supplement my income to add more to my savings. +I created a spreadsheet showing CAGR averages/percentiles for S&P500 with inflation and dividends: [https://docs.google.com/spreadsheets/d/1y906\_xwOLaKXYXq1AfXFFZizZz79HRKz9GwaoxbQu1o](https://docs.google.com/spreadsheets/d/1y906_xwOLaKXYXq1AfXFFZizZz79HRKz9GwaoxbQu1o/edit?usp=sharing) + +If you just want to see a screenshot of the summary, here you go: [https://imgur.com/a/DFvmhYb](https://imgur.com/a/DFvmhYb) + +\--- + +I created this to verify numbers I keep seeing thrown out on what the 'average' return of the market is. Other sources may not include inflation or dividends, and may give an average that's based on an unrealistic number of decades. And it's more informative to know what the range of returns. + +So, since I'm considering Coasting for the next 20 years, I can expect my retirement money may realistically grow by 3.4% - 10.2% annually, and it is possible to see returns approaching the historical worst case 0.8%. + +EDIT: + +\- 2020.07.08 Updated screenshot including 1-year stats +If I have $2000 to spend on BTC, can I still store "partial bitcoin" in my own paper wallet? + +I've done some searching and can't seem to verify if this is true or not. Not sure if you need to own a full coin before it goes into your wallet. Any help is appreciated. +A spokes person of ZipZap announced last Saturday on the Bitcoin Expo in London that ZipZap is adding bitcoin to their business model. That means that from the second week of January 2014 there will be 25k small shops in UK that will hand out Bitcoin for Cash and 240k locations in Russia. +Basically every small shop that is selling lottery tickets or doing money exchange will give out Bitcoins automatically because they are already connected with ZipZap. + +He mentioned that briefly in the Q&A and didn't seem to realize that this is big news for the bitcoin community. I approached him later to make sure there was no misunderstanding and he confirmed it again. + +I think that is a very important and big step towards mainstream acceptance and this news should spread. +I dont understand why ZipZap doesn't announce that officially. + + +http://blog.zipzapinc.com/post/52339765880/the-future-of-bitcoin-is-mass-market-adoption +https://www.zipzapinc.com +http://www.youtube.com/watch?v=LXgTeUsNztA +Hey all, apologies if this comes across as a vague, long-winded sort of question, but anyway… + +So I’ve recently started a new job which has a 2/2 roster - away for 2 weeks, home for 2 weeks. For what it’s worth, I’m an electrician and it’s it the mining industry. + +I figure that the 2 weeks I have at home are too valuable to just piss away, so I intend on focussing on the 3 F’s: family, fitness and finances. Family will consist of alleviating my wife from looking after the kids, keeping my house and yards in good order etc, fitness is pretty self explanatory and then finances. + +So I’m looking for some ideas as to some potential side hustles that you guys have started, and either succeeded or failed at. + +Another idea that I’m entertaining is a career change, or at least diversion. As mentioned, I’m an electrician, and don’t want to be on the tools til I retire, so I’m considering a business management or project management degree to enable me to earn more as I get to my later years. + +I’m also hoping to open a discussion about what has/hasn’t worked for you when changing career directions, and other things such as if you had your time again, what would you do differently? + +Cheers, hope that makes sense. +I'd be interested to know what people's perspectives and opinions on this are. They say people don't look back and wish they worked harder, but I'm sure people also look back and say they should have valued X more at the sacrifice of Y (e.g. saving over having fun). How do you balance living what people would consider a good life while also managing your finances and reconciling those differences? + +(Anon in case I share any personal details) +I’m not a native English speaker so it’s hard and time demanding to write my story about Lykke, but I think it’s important that everybody knows so no one else will make the same mistake ever. + +I used Lykke one year ago to exchange 2000$ in ETH and then moved it to Binance. Everything was good back then, paid with my Mastercard, fast transfers, fast support, and in 2 days I had money in Crypto. + +Obviously, I managed to buy very very high, and last month I realized that I was down more than 80%. I thought: “No Panic, blockchain is the future, let’s buy some more!” and my problems with Lykke began… + +First, I tried to pay with my Mastercard and everything got stuck in a very weird way. I didn’t know what was going on. Lykke’s customer support Vera Romanova explained: + +*“We regret to inform you about recent changes applied by MasterCard regarding card processing. Starting October, 12th we will no longer be able to offer you deposits via Mastercard…. As a workaround, I will suggest you to perform a deposit with a Visa credit card or a SWIFT transfer.”* + +Probably MasterCard decided to stop working with a company that makes money disappear! + +This was happening December 7, ETH was at 86USD and I really wanted to buy some more. I decided to bank transfer 600$. (I attach here the bank transfer confirmation to prove what I’m saying) + +https://i.redd.it/4z0ff1xmxz821.jpg + +Days passed by, Lykke didn’t add my money in my account, ETH began to rise, and I started freaking out. + +Read yourself some of the messages between Lykke and me: + +Lykke Dec 11 – *“Our Finance team informed that your payment has not been received yet.”* + +Lykke Dec 17 *– “I have asked our Finance team to check twice and no transaction has arrived from your bank to our bank. I strongly advise you to request your bank the proof of the transaction. Banks have a way to perform a SWIFT investigation to find out where the funds are.”* + +Adrin Dec 19 *– “I’ve spoken with my bank and they say the transaction as arrived. For you to verify the transaction, they gave me the TRN number 100012636.… With this number your financial team should be able to quickly find my money!”* + +Lykke Dec 19 – *“After confirming with our Finance team, no transaction has arrived and the TRN number does not reveal any information as they cannot perform searches on the SWIFT system based on the TRN number.”* + +Adrin Dec 25 – *“Here is a copy of the original payment SWIFT message (MT 103) of my 600USD payment. No more excuses, as you can see in line 32A, you had my money since the 18th December and I would like to have it added to my account ASAP.”* + +Lykke Dec 27 – “*This case is truly beyond our comprehension, as there has been no transaction on December 18th or after matching your SWIFT confirmation details. I highly recommend you to ask your bank to claim the funds back. Swift transactions have a way to claim the funds back…”* + +&#x200B; + +At this point, I called my bank and claimed my 600$ back, unfortunately Lykke Corp must accept my request in order to have it added again to my account. + +10 more days are gone, today it’s January 7th and I wanted to exchange 600$ in ETH one month ago at 85$, not tomorrow at 160$. I’m not wealthy and I don’t have 600$ more, I can’t buy Crypto if I don’t get my money back from Lykke. + +This community is my last hope, please up-vote this post so everybody can be aware of the risks of Lykke and decide if it’s really the best choice to send them money…. + +Thank you! + +**IMPORTANT EDIT!** + +Only 6 hrs after posting this thread **my situation has been solved, 600$ were added back to my account.** Thanks for all the up-votes that really brought attention to this unpleasant situation and made the Lykke team do their best to solve my issue. + +I feel that **I have to apologies with Lykke** community. My money arrived 10 min ago, this means they were already bank transferred 6 hrs ago when I first decided to write on Reddit. I’m sorry that I’m not able to use your exchange and I hope in the future you will find a way to receive money from my Italian bank. In one month, Lykke support wrote me 15 times and done nothing wrong. + +**I transferred 600$ on their account but the money never arrived, they were lost in some bank or server for one month and today added back to my account. I didn’t have it, Lykke neither. I have enough of this shit, it’s really time for blockchains to go mainstream!** +It seems like the ex behemoth is under new leadership and regained it's bearings following it's disastrous tenure under Microsoft. They've been expanding into developing markets with affordable quality hardware backed by Google's Android one Os initiative. Combined with Xiaomi and Huawei I see them being the most relevant handset provider to India, Africa and SE Asia in the next few years. + + They seem to be seriously undervalued at the moment, and I'm considering buying as a medium to long term play. Are there any glaring considerations I've failed to make as to why Nokia's worth so little currently? +I struggle to save money and now that overtime and bonuses are gone I find myself paycheck to paycheck again. It seems like most expenses are really just standard living expenses. + +Married with children, 2 kids. + +https://imgur.com/a/PN33zBk +Ok, I'm a beginner that's trying to wrap my head around investing before starting out, but I feel unsure about the whole concept of what stocks mean to a company and what I'm actually purchasing. + +I keep hearing the analogy that a stock is a "piece" of a company, but what does that actually mean? I would assume that it meant stockholders would be entitled to a percentage of the company's profits relative to the volume of stocks they own in the company, paid out in dividends. For instance, owning 500 out of the 1000 total stock volume in a company gets you 50% of the profit. + +However, some companies (e.g Amazon), do not pay dividends. If the company does not pay dividends, then what am I actually purchasing? Are these stocks simply thought of as trading instruments that are used by investors to buy low and sell high? +"If I have $50,000. Should I buy bitcoin" +"If you had $10,000 would you buy bitcoin" +Or my favorite +"Should i buy bitcoin ?" + +.. REALLY? It's a fuc#$ng bitcoin subreddit.. +30yo living in LCOL city in the Midwest. + +First my financial situation: + +Relatively high income for the area of ~$150k + or - depending on bonuses. + +Current net worth of $615k. No mortgage on personal residence except heloc (see below). + +Assets: $1.260M + +8 rental properties (1 duplex) so 9 doors held within LLC. Total ARV = $365k + +Self-Directed Roth IRA that holds 2 properties with ARV of $103k (plus $8k in checking account) + +Average ROI across rental properties of 15% after expenses. + +3 ‘flip houses’ in process with total ARV of $350k ($202k in them right now so using this for NW for now) + +~$110k in 401k, mostly money market, ~20% in index funds + +$50k in wife’s 401k + +$7k in wife’s tIRA + +$17k in HSA (index funds) + +About $10k in precious metals + +Personal residence worth $300k + +$80k cash + +Liabilities: $643k + +$250k heloc balance (prime+1) +$108k package loan for 3 properties (5.5%, adjusts after 5 years) +$62k mortgage on one investment property (5.5% locked) +$50k personal loan +$50k Hard money loan (15% int only) tied to one of the flips. +$50k non-recoursable loan in Self-directed RIRA +$73k in 0% credit card debt + +Now my plan: +Due to the availability of good deals on real estate I plan to continue being extremely aggressive on acquiring more rental properties. I know some may think diversification into stocks would be more ideal but I just can’t get myself to put money there when I know I can much more directly control the returns of my real estate. Not to mention the depreciation/tax benefits. + +After I sell these flips and pay off my heloc my plan is to: +1. Acquire discounted properties through direct mail/locating distressed sellers. +2. Purchase w heloc and rehab with heloc funds. +3. Refinance after 6 months with local bank. They pay 70% equity and will package properties into a loan (they are the adjustable loan above.) +4. Repeat + +I think I should get a stable portfolio of at least 30 before moving into commercial properties. + +Once I acquire enough rental income to match my current W2 income I think I’ll convert my 401k into a self directed IRA and buy more real estate with it. I’m finished contributing to my 401k for now though, the funds are worth way more to me outside of that bucket at the moment. + +Eventually I also want to begin investing outside of my market. For the time being though it’s what I know and I’m hesitant to dive into somewhere remotely. I am not counting on appreciation on my properties, I’m strictly cash flow, buy and hold, with some forced appreciation. + +I’m looking for some FATfirers to poke holes in this. I have pretty recently thrown away my aspirations of leanFIRE or regular fire. I want to have my cake and eat it too and I’m willing to work harder and maybe a little longer to get there. +Hello. I posted this on personal finance but people were getting snarky so I thought I’d try here. We are trying to figure out what’s an actual healthy amount to spend on a house. My husband and I are 43 and bring in around 500k/year. Our retirement savings are maxed out, though not as robust as they should be due to late start (grad school, moves, establishing careers, etc.) We currently have a house we bought for 380k. We owe around 250k on the mortgage and it is valued at 470k. It is getting small for us so we either want to add on or move. We have no debt and our current net worth is 900k (not fatfire range, I know). We do have 2 kids in private school, which is $25k per year total. What role does a house play in a total investment picture? Is it always best to spend as little as possible? Or can it play a healthy role in total portfolio? Any snark-free advice is appreciated. Thanks! +Hello everyone, I've been lurking here for a bit but posting from an alt to avoid personal issues with friends and family. + +I've struggled with tracking my investment performance for a while and this has increased in difficulty as I've cobbled together more accounts. In particular, I'm looking for a solution that + +* Will track investment performance in the face of cash inflows and outflows +* Includes total returns (e.g. dividends) +* Understands when I reinvest dividends via a DRIP +* Handles multiple accounts at multiple brokerages +* Is able to understand historical performance so that I don't need to enter all of my trades dating back years. +* Ideally avoids the need for manual trade entry + * This last item is the least necessary as I can make up this gap by being disciplined in my entry as I make trades, but this can be error prone. + +I recognize that I'm unlikely to get everything I want, but I'm interested to hear what solutions others have used to tackle this problem. Do you use a home built or community supported spreadsheet? Are there tools like Mint that I haven't found which are more investment focused and do this for you? Do you consolidate your accounts to a single brokerage in order to use their in-house tools? Something I haven't listed here? + +Thanks in advance for the feedback. +Hello all! + +This post is my first step on scratching an itch I’ve had for a while. + +I’m basically set for life. I have enough put away in ultra-low risk investments that I can generate enough income to sustain my lifestyle forever without having to work ever again. + +After a recent exit, however, I have enough to make some riskier plays. + +I came up in startups and early stage companies in finTech, so that’s what I know and mostly whom I network with... + +I’ve been looking for new opportunities, so I got involved with a larger VC firm and with an incubator. It’s going well and I found some good potential in entertainment and hospitality, but I keep having this nagging feeling that there are many opportunities in other sectors that I’m not seeing. I’m just so laser focused on my area, that it’s unfortunately all I’ve had time for. + +So I’m wondering if there’s a place where I can talk with other people moving in other sectors. + +I’m not talking about some 2 bit money manager trying to sell me the latest and hottest shit, blah blah blah... I’m just talking about a place where I can just chat and catch up with a handful of other investors/entrepreneurs who operate in other industries or even regions of the world. A place to just talk shop without selling each other anything, but instead updating each other on what’s hot outside of our core areas. + +Has anybody formed or belongs to a group like that? I don’t mind if it’s in different cities (I just relocated to LA) I can travel once a month or quarter for such events. +**Atlas Lithium Corporation** (Atlas Lithium), formerly *Brazil Minerals, Inc.*, is focused on advancing and developing its **100%-owned hard-rock lithium project**, which consists of **52 mineral rights spread over 56,078 acres (227 (square kilometer) km2)** and is located primarily in the municipality of Aracuai in the Vale do Jequitinhonha region of the state of Minas Gerais in Brazil. It also has a separate second lithium project located in Brazil's Northeast region. In total, Atlas Lithium owns mineral rights for almost all battery metals, including **lithium** (*293 km2*), **nickel** (*222 km2*), **rare earths** (*122 km2*), **titanium** (*89 km2*), and **graphite** (*56 km2*), in addition to owning mining concessions for gold, diamonds, and sand. The Company also owns approximately **44% of Apollo Resources Corp.** (iron) and **24% of Jupiter Gold Corp.** (gold and quartzite). The **Minas Gerais Lithium Project is the primary focus of Atlas Lithium**, which is situated in the prolific Eastern Brazilian Pegmatite Province (EBP). + +[Overview from Investor Presentation Deck](https://preview.redd.it/amp739pwb61a1.png?width=2524&format=png&auto=webp&s=892d83e77b9e15e457230960564124ca65b846ab) + +# Lithium market is projected to see continued growth over the next decade as EV production and EV adoption increase, lifting demand for Lithium concentrate yielded from ATLX's projects. + +https://preview.redd.it/mon184w3d61a1.png?width=2470&format=png&auto=webp&s=219664f80fb1c58032db9711a96e2154bc55ce9d + +# In May 2022, Goldman Sachs put out a bearish sentiment report regarding battery metals, which caused a significant drop in Lithium related stocks. + +# Since that report, according to the 13C SEC Filing, Goldman has added SIGNIFICANTLY to their battery metals and Lithium positions. + +$LAC - +121,996 shares (48% increase) + +$LTHM - +553,560 shares (152% increase) + +$SQM - +81,582 shares (8% increase) + +$ALB - -117,230 shares (-23% decrease) + +# $SGML - +71,167 shares (New Position) *** + +# ***Sigma Lithium is a key addition to note, as Sigma Lithium Corp has a direct connection to Atlas Lithium. + +https://preview.redd.it/ml1jic8tc61a1.png?width=2488&format=png&auto=webp&s=a9552058205192bdef412901e835c85b667d29bc + +# Why is Sigma Lithium (SGML) important? Because Atlas' newly acquired land is immediately adjacent to SGML's acreage in Minas Gerais Brazil. ATLX with approximately 10,000 more acres in the area. + +[Map overview of ATLX and SGML Neves area ](https://preview.redd.it/3ebwojezd61a1.png?width=2482&format=png&auto=webp&s=526234c1b15ef75bf2a5e574aa00057ab031627e) + +# Sigma Lithium (SGML) Chart since 2018 + +Currently Nasdaq listed, 3B Marketcap with 100.7M outstanding shares + +[SGML Price Chart since Mid 2018](https://preview.redd.it/rz2djnegf61a1.png?width=2616&format=png&auto=webp&s=0620168302f233b97cca6c30895f2f6b70ce032e) + +# Atlas Lithium has a portfolio that extends further than Lithium. They also have projects for Nickel, Rare Earths, Titanium, and Graphite; and have partial ownership in Jupiter Gold ($JUPGF) and Apollo resources. + +[List of Atlas Lithiums total holdings](https://preview.redd.it/o7c9ko4hd61a1.png?width=1514&format=png&auto=webp&s=61139eafb6b60cf0ac42153005fc66db144d7e75) + +# Atlas Lithium 3Q 2022 Corporate Update + +The Company began to implement its current business strategy of focusing on the exploration of strategic minerals in 2018. From 2018 through 2022, the Company significantly expanded its portfolio of mineral rights for battery metals which currently includes 72,344 acres (293 km2) for lithium in 59 mineral rights, 54,950 acres for nickel (222 km2) in 15 mineral rights, 30,054 acres (122 km2) for rare earths in seven mineral rights, 22,050 acres (89 km2) for titanium in seven mineral rights, and 13,766 acres (56 km2) for graphite in three mineral rights. Atlas Lithium believes that it holds the largest portfolio of lithium mineral exploration properties in Brazil, and that it is among the largest holders by size and breadth in exploration projects for battery metals globally. + +In the third quarter of 2022, the Company filed its first geological report that highlighted the potential of its 100%-owned Minas Gerais Lithium Project and was prepared by independent expert firm SLR International Corporation in compliance with Regulation S-K 1300 ("SLR Report") applicable to U.S. reporting companies, bringing significant credibility to the Company's lithium program. Importantly, the SLR Report indicated that, commercial-grade lithium concentrate was able to be produced at a well-respected third-party testing facility using mineralized samples from the Company's project. + +Atlas Lithium's purchase of additional lithium mineral rights during 2022 is reflected by the $4.8 million of intangible assets as of September 30, 2022, which is an increase of 271% from $1.3 million as of 2021 year-end. In addition, the Company's net stockholder's equity stood at $2.6 million as of September 30, 2022, which represents an increase of 468% from $0.5 million as of December 31, 2021. Finally, the Company continues to actively work towards the uplisting of its common stock to the Nasdaq Capital Market. + +# Management Commentary: + +"As part of our strategy to capitalize on the accelerated worldwide demand for battery minerals used in electric vehicles, we have begun discussions with large, global companies seeking to secure our lithium supply. Given Atlas Lithium owns the largest footprint of lithium areas in Brazil, we are uniquely positioned to establish Atlas Lithium as a leader in one of the world's premier regions for lithium," concluded Fogassa. + +"We have been approached (in unsolicited manner, NDAs now in place) by several large, global enterprises seeking lithium supply" + +"We expect significant news from various aspects of our project for the next 12-18 months." + +# So, why is now a great time to buy? + +* Atlas has set terms to uplist to Nasdaq, which means institutions and Non-OTC retail will have access to begin purchasing shares. +* Reverse split is rumored to be a 750/1 (reducing OS to \~5M from 3.7B) +* Numerous recent hires bring significant experience and connections, trusted CEO +* Zero outstanding investor debt +* Increased Neves area LI holdings by \~40x acres +* [https://www.atlas-lithium.com/investors/](https://www.atlas-lithium.com/investors/) + +https://preview.redd.it/oppsuukoi61a1.png?width=1972&format=png&auto=webp&s=ab63e9c913fa8b93039124c87c9f7e5ed2db5a62 + +# TLDR; Atlas Lithium is an exceptional investment opportunity to get in early on a pre-uplist NASDAQ bound company that will inevitably be a player in the growing Lithium ecosystem over the next decade. + +# All it will take is 1 significant PR or news piece for this to hit a new level and leave the .01/.02 realm for good! + +# Best of Luck to All! Except the bears. + +^(\*As always, do your own DD. This isn't financial advice. Just friendly advice :).) +Quick note: this is a repost of my own write-up that I posted several weeks ago. I posted it at an unideal time and it never gained much traction. However, the people who did see it received it very well, and I think it's a valuable post that many people could benefit from, so I've decided to repost it. If that seems too moon-farmy to you, then please downvote! + +# Intro + +In this guide, I'll begin with how order books on centralized exchanges actually work, and how automated market makers (AMMs) allow us to cut out the centralized middlemen and their order books, and trade peer-to-peer. Then I'll go into liquidity pools, which is the core innovation that makes AMMs possible. Finally, I will try to clearly explain impermanent loss, which is critical to understanding and assessing risk as a liquidity provider, and which is often misunderstood. + +Feel free to skip ahead to whatever sections interest you. It starts with the basics, but gets well into the weeds by the end. + +# Order books + +Centralized exchanges like Binance or Coinbase or the NYSE use order books to facilitate transactions between buyers and sellers. Order books are essentially lists of limit buy orders and limit sell orders that clients have placed. A limit order is an open offer to buy or sell some amount of an asset at a price specified by the customer placing the limit order. + +These limit order get consumed by market orders, which is the instant kind of order that happens when you just click "Buy" or "Sell". If you execute a market buy, you will immediately buy from whatever limit sell order in the book currently is offering the lowest price. If you execute a market sell, you will immediately sell to whatever limit buy order in the book currently is offering the highest price. These market orders consume part or all of the limit order that was offering the best deal. + +The exchange profits by charging fees in return for the service of matching these market orders with these sell orders. + +The official price of the asset at any time is simply the cheapest limit sell order on the books at the time (ie: the current best bargain, or how cheaply you could buy some of this asset *right now*). + +The most expensive limit buy order on the books is always lower-priced than the cheapest limit sell order, and the difference between them is known as the spread. + +Price moves when market buy orders entirely consume the cheapest limit sell order. When this happens, the price becomes whatever price is offered by the *next* cheapest limit sell order. + +For example, imagine if the cheapest limit sell order currently on the books (ie: the best bargain, which is what defines the current price) is a whale offering to sell 100 BTC at $40k. + +Now imagine that another whale makes a market buy for 70 BTC. They would get all 70 at the price of 40k, and this actually wouldn't change the price by one penny, because 30 BTC are still being offered by the first whale at $40k, so $40k is still the best bargain, and thus is the price. + +However, if instead the buyer bought 140 BTC, they would fully consume the seller's limit sell order, and the price would now become whatever the next-cheapest limit sell order is priced at (for example, $40,000.50), and the remaining 40 BTC that the buyer buys will thus be bought at a higher price than what the first 100 BTC were bought for (when the price changes in the middle of a transaction like this, it is called price slippage). + +It is even possible that when the cheapest limit sell order is consumed, the next cheapest limit sell order is at a significantly higher price, causing the price to instantly teleport a great distance. This generally happens when there is low liquidity, which means a low density of limit orders on the books. This is why high liquidity is important for a healthy market. + +This concludes how order books work on centralized exchanges. As you can imagine, since decentralization is a major theme in crypto, there has long been a desire to find a peer-to-peer alternative. This was finally made possible with the invention of the automated market maker, which led to the birth of DeFi. AMMs were inspired by the structure of traditional stock dealer markets like the Nasdaq (rather than broker markets like the NYSE). + +# Automatic market makers and liquidity pools + +AMMs are the innovation that lies at the core of every decentralized exchange, like UniSwap, SushiSwap, PancakeSwap, and hundreds of others. AMMs use smart contracts to create an automatic, decentralized, peer-to-peer alternative to order books, allowing people to trade assets without going through CEXes. + +The central idea of AMMs is a concept called liquidity pools. Each liquidity pool in an AMM allows people to trade a specific asset pair (like ETH/USDC) in either direction. In other words, an ETH/USDC liquidity pool would allow you to buy ETH with USDC or buy USDC with ETH. AMMs are made up of large amounts of these liquidity pools, allowing for large amounts of possible trade pairs. + +Each liquidity pool is made up of equal portions of the trading pair's two assets. These pools are filled by liquidity providers, who are people like you and me who choose to supply their assets to facilitate trades by other people, in order to earn rewards in the form of trading fees. + +When a trader uses the pool to make a swap, they are really just adding some amount to one of the two assets in the pool, and taking out the corresponding amount of the other asset in the pool. The trader also pays a trading fee, which is what rewards all the liquidity miners in that pool (they share the fee, weighted in proportion to how much of the pool each provider is providing). + +\*\*As a side note, liquidity providers also sometimes get rewarded in a separate way if they provide liquidity to "incentivized pools". Sometimes, when some DEX or DeFi ecosystem is new, they will temporarily offer incentives to liquidity providers out of their own pocket in order to attract traders and gain a larger slice of the DeFi world, to profit more in the long run. These incentives usually follow a diminishing returns type of curve. Getting these rewards is called liquidity mining, and it is the central strategy in yield farming.\*\* + +The description of liquidity pools I have provided so far is something a lot of you will have heard before. But it is missing a few key mechanics that I think are important to understand. If you are very sharp, then you might have thought of one or two questions when reading my explanation so far. + +The two questions that I think we need to get to the bottom of before we truly understand liquidity pools are: what happens when the two halves of the pool are put out of balance due to traders using the pools to swap, and how does the pool know what relative price to use between the two assets? + +These are highly related questions. Here is the key: no matter what, the pool itself *always* considers the two sides of the pool (for example, the ETH side and the USDC side) to be of equal value. + +So, let's say you decide to buy ETH with USDC using a DEX. You want to spend $4000 USDC. The amount of ETH that will get you will depend on the ratio between the amount of ETH and the amount of USDC in the pool, and nothing else. Let's say the pool currently contains 1,000,000 USDC and 500 ETH. That is a ratio of 2000 USDC per 1 ETH. That means, in the pool's opinion, the price of ETH in USDC is 2000, regardless of what the outer world of CEXes and other DEXes might believe. + +So, after your trade, you end up with 2 ETH, and the pool now contains 1,004,000 USDC and 498 ETH (plus a tiny bit extra, because your trading fee actually just gets added to the pool, and the providers will get their share of it whenever they pull their liquidity out). + +Now the ratio of USDC to ETH in the pool is 2016, so the price of ETH in the pool's opinion is now 2016 USDC, and the price of USDC in the pool's opinion is 0.000496 ETH. + +This brings us to a very key concept. The price of ETH in the pool's opinion has gone up to 2016 due to your trade, *but this price spike didn't happen in the rest of the world of CEXes and DEXes!* Therefore, the rest of the world probably still agrees that ETH costs about 2000 USDC, which brings an arbitrage opportunity: people can now buy discount USDC with their ETH from the pool in our example, and then use it to buy back their ETH plus a little extra on any other exchange. When people take advantage of this arbitrage opportunity, it pushes the price of ETH down (or equivalently the price of USDC up) in the eyes of the pool, reversing the effect of your trade, because they are adding ETH and removing USDC from the pool, bringing the ratio back towards 2000: 1. + +The following two facts are extremely key: + +1. The prices of the two assets in a pool are determined entirely by the ratio between their amounts. For example, if our pool somehow ended up containing 1 ETH and 1 million USDC (wouldn't happen because people would take advantage of arbitrage long before we could get there), then the price of ETH in that pool would be 1 million USDC, regardless of the rest of the world. +2. These arbitrage trades are the one and only thing that serve to rebalance the ratios of pools to keep the prices on DEXes more or less in lockstep with all other DEXes and CEXes. It basically makes it so that the average price in the eyes of the entire world acts as a point of gravity for any specific pool. + +# Being a liquidity provider + +Generally speaking, anyone can create a new liquidity pool to allow others to trade some specific pair. Once a pool has been made, anybody can provide liquidity to it, or withdraw their liquidity, at any time. When you provide liquidity, you must provide the two assets in equivalent amounts (at least, in the eyes of the pool, determined by the current ratio of the pool). + +When you provide liquidity, the funds leave your wallet, unlike with staking. This is necessary, because these funds need to be mobile to facilitate swaps. + +So, how does the pool know that some portion of its liquidity belongs to you? + +When you add liquidity to a pool, it will give you some amount of a special token called an LP token. The token will be specific to the asset pair, and will be called something like LP-ETHUSDC. They will also be specific to the AMM you are using. + +These LP tokens are managed in such a way that the amount of this token that you, a liquidity provider, hold, is proportional to your slice of the pool. In other words, if you are providing 10% of all the liquidity in a pool, you will also have 10% of all LP-ETHUSDC tokens that exist on that AMM. + +When you want to cash out, you trade in your LP tokens, and that lets the pool know how much ETH and USDC to give you back (in this example, you would get 10% of the ETH and 10% of the USDC in the pool, because you traded in 10% of all existing LP-ETHUSDC tokens, proving you owned 10% of the pool). Note that trading fees are always just added to the pool, making the total holdings of the pool go up, which means that when a liquidity provider pulls out their liquidity, the fees they earned while they were providing liquidity are naturally part of the share of the pool they have claim to. + +Note that when you add your funds to a liquidity pool, you are taking on risk that the smart contract of the specific AMM you are using can be exploited. You are also exposed to a change in price of the two assets you are providing, because when you pull out your liquidity, it is given back to you in the form of those two assets. So it's like you were holding them all along. + +So, in our example above, we are exposed to ETH price movements, we are exposed to USDC permanently losing its peg, and we are exposed to vulnerabilities in the smart contract of the DMM. + +We are also always exposed to one more key risk. + +# Impermanent Loss + +Impermanent loss is a way that you can lose money when providing liquidity. More accurately, it refers to losing money *relative to if you had just held the two assets you provided to the pool*. In other words, you may gain money in an absolute sense due to the value of the assets in the pool going up, but because of impermanent loss, you might have gained more money by just holding. + +In order for it to be worth it to provide liquidity, the trading fees you earn (plus any additional yield incentives you might be getting) must be enough to counteract the impermanent loss that will happen to you. + +First I'll tell you when impermanent loss happens, and then I'll explain what it is. + +Impermanent loss happens whenever the price of the two assets in the pool change relative to each other. The "relative to each other" part is really important. If the two assets go up in perfect lockstep together, or down together, or stay still together, then there is no impermanent loss. But if one goes up or down while the other doesn't move, or they go up or down together, but by different amounts, or (worst of all) one goes up while the other goes down, then you will experience impermanent loss. + +Note that this means providing liquidity for stable pairs like USDC/DAI means you are basically not exposed to impermanent loss *or* price movements, assuming pegs hold. This is why those pools tend to offer far less reward. + +Also note that stable/non-stable pairs are not necessarily more safe from impermanent loss that non-stable/non-stable pairs. With the latter, if the two assets tend to go up together and down together, then that pair will likely experience less impermanent loss than a stable/non-stable pair. + +To understand what impermanent loss actually is, we need an example. Let's imagine two scenarios: one in which you just hold 1 ETH and 2000 USDC, and one in which you provide 1 ETH and 2000 USDC to a liquidity pool. Assume that the price of ETH is 2000 USDC at the time you provide to the pool, and that you own 10% of the pool. Thus, the pool must have 10 ETH and 20,000 USDC in it. Assume for simplicity that no other liquidity provider adds or removes liquidity to the pool while you are in it. + +Now let's say the price of ETH in the eyes of the world spikes to 3000 USDC. This would cause arbitrage traders to quickly buy up 2 ETH from our pool for 2000 USDC each, because that would mean the pool now contains 8 ETH and, 24,000 USDC, which is a ratio of 3000 : 1. This means that our pool is now in agreement with the rest of the world, so we have found equilibrium, and there are no more arbitrage opportunities. + +Now let's say you pull your liquidity. You own 10% of the pool, so you get 10% of the 8 ETH, and 10% of the 24,000 USDC. So, you get 0.8 ETH and 2400 USDC. Since ETH is worth 3000, the total value of your assets is (0.8 \* 3000) + 2400 = $4800. + +As for our holder: they still have 1 ETH and 2000 USDC, for a total of $5000. + +So, we lost $200 to impermanent loss by providing liquidity. Hopefully the trading fees and yield incentives were enough to offset that so that we are actually rewarded for taking more risk than holding. + +# Closing thoughts + +This should give you a good grounding in the core concepts of DeFi. We covered the **impermanent loss** that happens to **liquidity providers** when they supply to **liquidity pools**, which are the central idea of **AMMs**, which are the smart contracts at the heart of **DEXes**, which are the centerpiece of **DeFi**. + +DeFi contains a lot more than just decentralized exchanging. Some of the other things you can do are borrow and lend, insure your assets, make synthetic assets, trade derivatives, use dynamic yield optimizers, and take out flash loans (imagine being able to anonymously (and with no collateral) borrow hundreds of millions dollars for about 15 seconds, which you can use to try to generate profits in any way you want, and if you can't pay it back (with interest) by the end of the smart contract, then it reverses everything you did and you never borrowed the fortune in the first place). + +The playground that is DeFi is full of many wonders. You could learn about it seemingly forever. Hopefully this post has given you a good launch pad to explore the rest of this world by teaching you the fundamentals of DeFi's most integral idea: decentralized trading. + +❤️ +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. +So the volume of election themed posts has been increasing exponentially lately. Today and tomorrow we'll have election megathreads to organize all of the news in one spot and hopefully not drown out other important news. + +Please keep in mind this is an investment sub so try to keep discussion investment related. Also please keep our conduct rules in mind. That means no personal attacks pointed at other users. + + + +Thanks. + +E: implied volatility for tomorrow is through the roof. Implying a 3.7% daily move which if realized would be the third largest in 70 years. + +Bloomberg - Options Are Pricing In One of the Biggest Stock Moves on Record for the Election http://bloom.bg/2fU4Qzt +Somewhat recently I've started investing a lot of my income. Probably about 50-60% of my pay goes into retirement accounts and other investments which makes the rest of my budget pretty tight for bills, entertainment, etc. + +I don't personally care for having much other than a bed, a computer, food and the internet but my wife's lifestyle differs from mine, she like cable TV, accessories for our dogs, going out regularly and other various things that aren't at all unreasonable but also not the most intelligent thing to spend money on. + +Ex. Last week I suggested we eat BEFORE going to a friend's house to save money so we wouldn't have to order a pizza or something and she had a hissy fit because we can certainly afford to order a pizza, but still I would rather not because of the unnecessary expense. + + +My wife is in school and works very little so she relies on my income and she is sometimes upset because I make things pretty tight with our money because I dump so much of it into investments/retirement when I could easily ease up on investments and live a more flexible lifestyle. + +Is there any validity to her concern? Has anyone else ran into a similar issue? Is there a point where you put away an unreasonable amount of your income and decrease your quality of life so much that it isn't healthy? As i mentioned, I'm personally as content as can be aside from relationship problems. I understand that It is important to choose a partner that is on board with your financial choices, but when we got married a few years ago I wasn't in the same financial mindset that I'm in right now so didn't really give it much thought. + I don't get it. The interest rate is 1.5%, yet this Bloomberg article says: + +U.S. Treasury bills lived up to their reputation as the safest, most even-keeled asset of all, earning risk-adjusted returns of almost 20 percent -- + +[https://www.bloomberg.com/news/articles/2018-11-23/hunger-games-market-has-just-one-champion-as-2018-limps-to-end](https://www.bloomberg.com/news/articles/2018-11-23/hunger-games-market-has-just-one-champion-as-2018-limps-to-end) + +What am I missing? And more importantly, how do I make that? +Background: I'm 22, a full time student, and a full time legal assistant in a law firm. I started the job almost five months ago but I've already been promoted once and am a really valued member of the team. The firm is less than a year old, so their budget is a little restricted, but it's growing very quickly. + +I work full time and make $12 an hour. I usually work a straight 40 hours a week, but every three weeks or so I'll pull 45-55 hours. I've maybe worked 50 hours of overtime in the nearly five months I've been there. + +My boss yesterday told me they are giving me a modest raise, $.50 an hour, but they want me to be salaried at $26k per year. I understand that moving an employee who occasionally works over time from hourly to salaried is generally a business decision. + +I'm never asked to work overtime, but working in a law firm isn't always a 9-5 job. Sometimes you have to stay to get your work done because of deadlines, and I'm fine with that. I love what I do. And I didn't ever work a ton of overtime anyway. + +I guess I'm just wondering if this shoots me in the foot in some way that I'm unaware of, or if it sounds like I'm getting the short end of the stick. +Let's say we have some market and some strategy with two parameters (eg. MA cross, with fastMA and slowMA as parameters). For wide range of both parameters the strategy beats the buy and hold. Of course some combinations of parameters are better, some are worse, there are even a few where results are worse than B&H, but on average the results are significantly better. + +Now, we can find "the best" slowMA/fastMA pair and trade it or, instead, choose 100 combinations, and trade all of this combinations at once (allocating 1/100 of capital in each one). + +Is it the good idea to do so? +Lets say i am day trader and want to make trade every hour. ML is about predicting future values of variables i dont know, based on variables i already know (at least LR). So assume, some time before pump there is some hype on reddit subs - lets say number of posts increases 1 hour before pump. Is it good idea to scrape reddit subs (for example BTCsub/ARKsub, XRPsub) just count posts, and then just predict prices next hour based on number of posts now? Or is my assumption wrong? +I've been working on this for months and I'm over it. + +I have an algo that I am confident works. It's ridiculously simple. I can code in javascript and php, and I feel I could probably pick up any variant of those like c, c++, or java pretty quickly, but if I were to go that far maybe it would be best to just learn ninjascript or something. + +My preference for this is javascript for various reasons - websockets, simple visualizations, its fast as hell, and ansynchronous. But at this point I don't really care. I've spent hours trying to find an appropriate api to simply trade 1 e-mini futures. It seems like a nearly impossible task. I've looked at things like ninjascript and they seem overly complicated based on what I am trying to do. Maybe I haven't looked hard enough? My strategy literally doesn't even need indicators, just simple price action is enough. Imagine something as simple as "if price is up over x periods, buy". + +What would be the easiest way for someone like me to set up something over the weekend and get it going? Including the learning curve of the system? Thank you. + +&#x200B; + +edit: + +I just want to put out there that my javascript system is already built. It includes backtesting, charts, and has buy and sell functionality, its just not hooked up to a buy/sell api right now. It's also in dire need of refactoring, and would take hours upon hours of care to go live, but for backtesting it is working just fine, and it may take similar amount of time with any route. +This is my first attempt at building an algo and I'm currently brainstorming ways to construct it. I'm thinking about storing the entire option chain and the current stock price for one specific ticker every second, so I can use this data to backtest my strategy. How do I go about storing this data without complicating it too much? + +The only way I can think of is to create a separate csv file for each tick and store the data but that is way too impractical. +Hello everyone! + +I am not directly interested in algorithm trading, but I am always interested in learning how mathematics is being used in different industries, and especially in algorithm trading. + +Which math topics do people here study? I would be very curious to see what math topics people here are self learning, and see if I could also learn about them. + +For instance, I recently started learning about "gaussian process". I think I've understood it at a basic level and can try to answer some questions on this if anyone has questions. + +Would love to hear what everyone else is studying! + +Cheers :) +As an inquisitive generalist I ponder upon how Jim is able to do what he does. + +Could someone who has the slightest know how give an applicable explanation into how a reasonable sized retail trader can go about replicating a similar strategy or is the medallion fund just a product of luck? + +Also if possible split the explanation for linear and non-linear products +Has anyone purchased this book? It came out July 2020. I was just wondering if anyone found the concepts useful. + +Edit: Book is by Dixon, Halperin, and Bilokin. +New blog post by ERN that I think is worth discussing at a top level here: [https://earlyretirementnow.com/2022/10/05/building-a-better-cape-ratio/#more-71916](https://earlyretirementnow.com/2022/10/05/building-a-better-cape-ratio/#more-71916) + +For those that have followed the ERN blog and his safe withdrawal rate series, you'll know that he is a big proponent that we should consider current market valuations when evaluating safe withdrawal rates, rather than just historical averages. His preferred metric for this has been the Shiller CAPE Ratio, and he has a lot of posts discussing how this correlates with success rates for different retirement strategies and withdrawal rates. + +As it currently stands, the CAPE is very elevated, implying future returns well below average. In this post, ERN proposes changes to the CAPE which he has alluded to in the past. Mainly: + +* Using up to date data +* Adjusting for corporate tax rate changes +* Accounting for retained earnings (share buybacks, capital investments), as the extent to which corporations do this has changed significantly over time + +The conclusion is that while CAPE is currently elevated, it's not \*as\* elevated as the original CAPE might suggest. Which would imply a somewhat less bleak outlook for those retiring today. + +For me personally, I think this approach makes a lot of sense. The one piece I don't totally follow is why retained earnings other than share buybacks should be adjusted for in this new CAPE - in some way that feels like accounting for earnings before they actually happen. + +As this is a very new post, maybe those smarter than me can have a look and voice criticisms or concerns with ERN's adjustments. I think this is especially important for this community as I and many others look to CAPE as a guide for our safe withdrawal rates. + +Edit: Just to throw the number in here for the lazy - ERN's adjusted CAPE currently sits at 21.4, while the Shiller CAPE would be around 27.75 (but hasn't been officially updated since July). +Alright guys, I think I dug myself into a hole with the IRS and committed a few crimes. I'm 17, when I was 14 I posted a video of me playing a video game on YouTube that got 2,000 views. YouTube then sent me a email asking if I wanted to connect an AdSense account to it, It said I had to be 18 to do it by myself so I attached my grandmothers name on the account (She said ok, she thinks ive only been making 100-200$s every few months). After I attached the AdSense account I hijacked viral videos and made a pretty large sum of money. I have been getting checks from Google each month for $700-1100 since I was 14. I barely spent any of that money and I now have a little over $30,000 in cash. Google sent me tax papers but ive just been hiding them. I now have $30,000 in cash, that I didn't pay taxes on. I turn 18 in 4 months, if I tell my parents I have the money before I turn 18 they will take it from me and wont give it back which is why I never told them about it (They both have gambling issues). + +Pretty much, how can I turn this money which is illegal because ive never paid money on it? Is it too late to be fucked by the IRS. I'm planning on using the money for college. + +Thanks +This is a response to a multitude of posts I've seen attempting to waive away the current Fed path as no big deal. This is not a doom post. The economy is unlikely to face a major recession any time soon. The pain in stocks on the other hand, is almost certain to continue for a while and may be pretty bad before it's all over. Not all rate hike cycles are the same. The total increase in rates matters, the speed of hikes matter, what is happening in the broader economy matters. But many of these posts leave all of that context out. A lot of you I think are relying on misleading, overly simplistic, devoid of context arguments to inform your thinking and it will probably result in losing money. + +Many people on this board seem to have little knowledge of markets before 2020. Hopefully this provides some education, and convinces you to proceed with caution. The last three years (yes, I'm intentionally including 2019, pre-pandemic) are highly abnormal and almost certainly will not continue. So if your frame of reference for what's normal is the last three years, read on, and seriously consider reducing your risk exposure. + +You've probably seen a number of posts like this, implying monetary tightening is no big deal and you should just shrug it off: + +*Market returns during Fed rate hike cycles:* + +*Aug 1954 - Oct 1957: 14%* +*Jun 1958 - Nov 1959: 24%* +*Aug 1961 - Nov 1966: 7%* +*Aug 1967 - Aug 1969: 4%* +*Mar 1972 - Jul 1974: -9%* +*Feb 1977 - Jun 1981: 11%* +*Mar 1983 - Aug 1984: 13%* +*Jan 1987 - May 1989: 16%* +*Feb 1994 - Feb 1995: 4%* +*Jun 1999 - May 2000: 10%* +*Jun 2004 - Jun 2006: 8%* +*Dec 2015 - Dec 2018: 8%* + +The implication is that what the Fed does is no big deal, and a lot of people seem to believe that. Or more likely, nervously convince themselves it's true, because they want it to be. + +**TLDR:** + +1. Monetary tightening is bad for stocks. This is indisputably true. That doesn't necessarily mean stocks will decline during monetary tightening. If they rise, it will be less than they would if monetary policy were eased. Stocks often decline soon after a rate hike cycle or at some point during the cycle, but the numbers above don't show you that. Conveniently. +2. Quantitative easing has completely changed the picture. Pre-QE references are not comparable. The combination of high inflation, QT and rapidly rising rates happening simultaneously has no historical comparison. And it is likely to cause a significant bear market. +3. Don't fight the Fed. + +**Refer to:** + +S&P 500 P/E: [https://www.multpl.com/s-p-500-pe-ratio](https://www.multpl.com/s-p-500-pe-ratio) + +Shiller P/E Ratio (CAPE): [https://www.multpl.com/shiller-pe](https://www.multpl.com/shiller-pe) + +Fed Balance Sheet: [https://www.federalreserve.gov/monetarypolicy/bst\_recenttrends.htm#:\~:text=Charts%20are%20generally%20updated%20at,4%3A30%20ET%20on%20Thursdays](https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm#:~:text=Charts%20are%20generally%20updated%20at,4%3A30%20ET%20on%20Thursdays). + +Fed Funds Rate: [https://www.macrotrends.net/2015/fed-funds-rate-historical-chart](https://www.macrotrends.net/2015/fed-funds-rate-historical-chart) + +S&P 500 Chart: [https://www.macrotrends.net/2324/sp-500-historical-chart-data](https://www.macrotrends.net/2324/sp-500-historical-chart-data) + +**Why is this different than other rate hike cycles?** + +QT and rate hikes have only occurred once, at a much smaller scale than what we're facing now, and it caused a bear market. During any of the previous rate hike cycles, QE/QT did not exist. + +Shrugging off the current path of the Fed is I think going to result in a lot of pain for anyone who tries to do it. Arguments like the above ignore an awful lot of context. Such as: + +* Many of these rate hike cycles did in fact cause bear markets. Just not immediately. Bear markets did occur during the rate hike cycles or soon after. Some of them were quite painful. +* What was happening with the economy? Generally the Fed has, and should, raise rates at the start of economic expansion, and lower rates as growth slows or contracts. That is the path many previous rate hike cycles followed. Is that where we are now? No it isn't. The Fed is tightening as growth has peaked and is about to slow. Facing headwinds from inflation and supply disruptions. The economy, and stock markets, are better able to withstand tightening when an expansion phase is ramping up than when peaked and is facing many headwinds to growth. +* Quantitative tightening is a much bigger bomb than the Fed funds rate. QT is almost entirely unstudied because it has not happened on a meaningful scale. **The only example of QT we have, caused a bear market that did not reverse until the Fed reversed.** +* Stock valuations by any measure are extreme by historical standards. Previous monetary tightening cycles generally began with more historically normal valuations. + +Stocks valuations are in bubble territory by historical valuation metrics. This isn't disputable, so if you're thinking of trying, don't. You might have convinced yourself that something is different now and the new, much higher than historical valuations are justified for reasons. It's possible you're right, but probably not. High valuations can generally only be supported by low interest rates and QE. Both of these are ending. + +Valuation using CAPE, we are at a multi decade high, only the dot com bubble has exceeded current valuations. Even during the roaring 20s, which preceded the great depression, valuations did not reach the levels they are at now. + +Valuation by S&P 500 P/E, we were in the mid 20s at the start of the year. Which is higher than nearly any point in history, other than dot com. Estimated now at around 21 thanks to this little correction. Which is still very high by historical standards. S&P 500 P/E over 20 has never been sustained for long outside of bubbles or when propelled by QE. + +Most Fed tightening cycles did include significant periods of pain in stock markets. Or were followed soon after. Though the no big dealers present it in a way that you don't see that. + +Right now, we have a stock market bubble, an over heated economy, high inflation, and an aggressively tightening Fed. This combination of factors has no precedent in post-WW2 US history. + +**Extreme Valuation Peaks:** + +*Roaring 20s - September 1929* + +CAPE: 32.56 + +S&P 500 P/E: 20.17 + +*Dot Com - Mid 2020* + +CAPE: 42.87 + +S&P 500 P/E: 28.50 + +*November 2021* + +CAPE: 38.58 + +S&P 500 P/E: 24.5 + +The previous two peaks were followed by massive losses in stocks that did not recover for more than a decade. + +**Rate hikes plus QT** + +Bulls are dramatically underestimating the impact of simultaneous rate hikes and QT, at a time the economy has already peaked and growth is going to slow. There is no historical precedent for this. + +QE first happened in the US in 2009. QE continued through November 2017. At that point the Fed began a slow QT process. The Fed had previously begun raising rates in 2015. This was a slow rate hike cycle at a rate of about 25bp every 3-6 months. In November 2017, the Fed announce QT. This started fairly slow, and progressed to a moderate pace. All told, QT lasted from November 2017 to August 2019. The Fed balance sheet contracted from 4.45 trillion to 3.76 trillion. A rate of about 31 billion a month. + +The combination of rising rates and QT caused a bear market in the fall of 2018. It ended when the Fed pledged to stop raising rates in December 2018. Then, even though the economy was fine, the Fed started cutting rates in 2019 and resumed QE. The resumption of QE astonished many analysts. The Fed in fact didn't call it QE, though it clearly was. So what was this? This was the Fed put. Stock and bond markets ballooned in 2019, the beginning of the Fed induced acceleration of one of the largest asset bubbles in US history. All because of printed money from the Fed, at a time it was not needed to support the economy. It's important to note, risk assets were not exactly cheap by historical measures before 2019. + +**Where are we now** + +Let's compare now to 2018, the only other time QT has happened, alongside rate hikes. + +From 2015-2018, the Fed hiked rates around 25bp a quarter. Today, we're looking at 50bp a month, for probably 3 months, followed by 25bp a month. A rate of increase around 5 times faster than 2015-2018. + +From November 2017 through August 2019, the Fed reduced its balance sheet by an average of 31 billion a month. Today, we're looking at 95 billion a month. A rate 3 times faster. + +A bear market began in September 2018 in response to QT and rising rates. The bear market of 2018 did not stop until the Fed stopped raising rates. QT ended soon after, and was followed by more QE. What happened? In 2018, inflation was not a problem. So the Fed Put was able to kick in. The Fed came to the rescue of the stock and bond markets. Can this happen now? No, not any time soon. The Fed has to fight inflation. There will be no Fed put to save stocks this time, not soon anyway. + +Valuations were less extreme at the start of the 2018 bear market. + +*September 2018* + +CAPE: 32.62 + +S&P 500 P/E: 22.52 + +*November 2021* + +CAPE: 38.58 + +S&P 500 P/E: 24.52 + +**Previous Rate Hike Cycles:** + +You don't really need to continue reading if you don't want to. But important context is provided for each rate hike cycle. Most of these were not exactly raging bull markets, and in many ways were not remotely comparable to where we are now. + +Aug 1954 - Oct 1957: 14% + +* The US exited a recession in May 1954. +* The Fed raised rates into an economic expansion from around 1.5% to 3% over the course of about a year and a half. Briefly touching 3.5%, upon which a recession immediately followed. +* Bear market from 1956 to 1957 +* CAPE and S&P 500 P/E in the mid teens + +Jun 1958 - Nov 1959: 24% + +* The US exited a recession in April 1958. +* The Fed raised rates into an economic expansion from around 1.5% to 4% over the course of about a year. A recession followed in April 1960. +* Stocks dropped from 1959 to 1960 but did not officially enter a bear market +* CAPE and S&P 500 P/E in the mid teens + +Aug 1961 - Nov 1966: 7% + +* The US exited a recession in January 1961. +* The Fed raised rates into an economic expansion to 6% over about 4 years. Worth noting this coincided with one of the longest and strongest US economic expansions. It included the Vietnam war and expansive fiscal policy. +* Bear markets in '61 and '66 +* CAPE and S&P 500 P/E in the high teens to low 20s + +The inflation era from the late 60s to early 80s. I'm going to talk about this qualitatively because looking at the numbers above is meaningless. You might look at the numbers above and think, oh look, 1977-1981, those were pretty good years in the market. No, it absolutely wasn't. Inflation outpaced market gains. + +On an inflation adjusted basis, the S&P 500 was in nearly a 15 year bear market from 1968-1982. On an inflation adjusted basis, the market declined 65% over 15 years. This does not account for dividends. It was absolutely brutal. P/E on the S&P 500 declined deep into single digits. Yes, that's right, for all you who think a P/E of 20 is cheap, single digits. I believe it bottomed around 6-7. CAPE also declined into the single digits. Why? Stagflation. Interestingly, now is the first time since then that any serious person is seriously suggesting we may enter a period of stagflation. + +Mar 1983 - Aug 1984: 13% + +* The US exited a brutal recession in December 1982. The recession was caused by, you guessed it, The Volcker Fed fighting inflation. Sound familiar? As a reminder (see above) stock valuations were at rock bottom before this rate hike cycle due to a brutal recession. In March 1983, when this rate hike cycle began, P/E was 12.23. A year earlier, it was 7.5. CAPE was at 9.23, a year earlier it was 6.95. This doesn't sound much like where we are today does it? +* The Fed raised rates into an economic expansion +* Remember, stocks were exiting a period where P/E had been driven down to single digits. By the end of 1984, S&P 500 P/E and CAPE had risen to 10. When valuations are low enough, stocks can rise even in the face of rising rates. But we don't have low valuations now do we? + +Jan 1987 - May 1989: 16% + +* This period included Black Monday +* The phrase Greenspan put is born (which would later become the Fed put) following Black Monday. In other words, calling this a rate hike cycle leaves out important context. There was an enormous market crash, and the Fed responded immediately by cutting rates. Only raising rates again once the market had stabilized. Without the Fed put when the market crashed, this period would likely not have been so great. +* CAPE low 20s. S&P 500 P/E had risen to low 20s before Black Monday, collapsing to low double digits. + +Feb 1994 - Feb 1995: 4% + +* The Fed raised rates from about 3% to about 6% +* Stocks went pretty much nowhere. Declining overall on an inflation adjusted basis. There were a couple of significant corrections in this period. At no point was there a rally above the 1994 highs until the fed stopped raising rates. +* CAPE low 20s, S&P 500 P/E declines from low 20s to mid teens + +Jun 1999 - May 2000: 10% + +* Fed raises rates from around 4.5% to around 6.5% +* It's hilarious to suggest stocks did fine here, as the Fed rate hikes, among other events, popped the dot com bubble. Which was one of the most brutal multi year periods in market history. Stocks would not recover to the 2000 highs for almost 15 years. + +Jun 2004 - Jun 2006: 8% + +* Another bubble is forming, this time in housing and synthetic mortgage securities. These Fed rate hikes are one reason for that bubble popping, which caused a 60% draw down in the S&P 500. + +Dec 2015 - Dec 2018: 8% + +* We are now in a QE world +* As a result of slow rate hikes and modest QT beginning in late 2017, a bear market forms in the fall of 2018. +* The bear market stops only when the Fed reverses course. Cuts rates and resumes QE. +Hey guys, + +I'm keen to hear from you (particularly parents) on where to put money for my daughter as she grows up. Particular types of savings accounts, or even how to buy into an index fund in her name. Would love to hear anything you've tried, or even been the recipient of. + +Read the sub rules and don't think I'm breaking anything, but I'm sorry if I have somehow + +Thanks everyone! + +Edit: Very grateful to have so many well thought and thorough replies. I will say, I wasn't expecting anyone to question the idea of putting money aside for a child. + +I appreciate the sentiment of handouts mentioned in the replies. I wasn't intending for my kid to hit 18/whatever age and say 'here you go, take this money'. +So long story short, my father is a lawyer who owns his own small-medium sized practice. He's been running it basically since I've been born and a few years ago (probably about 7 or 8 now). Someone committed major fraud, effectively stealing about a million or two from the business after they removed fraud insurance from the business (they were the business manager) and due to a bunch of things I've never been told the full details on, he was unable to recover the money and he ended up in a gigantic amount of debt and had to declare bankruptcy. + +&nbsp; + +Before he did this, he wanted to keep the business. He'd always told me he was going to put it in mine and my step-mother's names to keep it, which has done. + +&nbsp; + +Now, I'm fine with all this, but he has been very slack on getting the actual details to me and what it really means to my life. I, being a poor as fuck uni student rely on Centrelink and a casual retail job. I am unsure if holding this 50% share will impact that. I also have no idea what potential powers this share entitles me to. + +&nbsp; + +I similarly have no idea what it would mean on a tax form. For reference, I'm 22. + +&nbsp; + +So I come to you, AusFinance to ask what this likely means for me and what impacts it may have on my life in a financial sense. + +Edit: Clarification that the fraud was committed against my Dad (the principal of the practice), not by him +Hey y'all. + +If someone earns 500k salary + 10% super. What happens to the contributions from the employer once they hit the annual ceiling of 27k? +Are they taxed? And if so what rate? Or perhaps it's a hard cap. + I'm concerned with misinformation on this sub constantly, but right now I'm concerned with how many people view Musk some sort of short crusader / GME ally for some reason. + +[Disclaimer: I love GME, I love the stock, and even though I own a TORSO... I don't love Musk. Hopefully this post doesn't lead to Musk auto-piloting me \(us?\) into a tree.](https://preview.redd.it/ktcj240irlf91.png?width=1600&format=png&auto=webp&s=c3ebadfdd5ad6b22e6f97e3cdcddfb4dfe401f2a) + +So, Musk did call out Blackrock for their short lending practices ([Bloomberg](https://www.bloomberg.com/news/articles/2018-10-05/musk-says-blackrock-makes-excessive-profit-from-short-lending#xj4y7vzkg)). And I know that Musk has said he hates shorts ([CNBC](https://www.cnbc.com/2022/02/23/elon-musk-cheers-on-justice-department-probe-of-short-sellers.html)). But in reality, let's be honest, he says a lot of shit he doesn't mean. When he tweets out against shorts, please understand he just hates people who short his company, TORSO (I'm assuming I can't mention other ticker names at all, dammit automod). + +For example, in that CNBC article I linked above he is congratulating the DOJ for investigating 2 firms which have had previous short positions on TORSO (Carson Block at Muddy Waters and Andrew Left at Citron). He never called out Citadel for their shorting practices. He's continued his hatred for the SEC with a guise of being against short sellers because they have also come after him for some lies he has tweeted to influence TORSO's stock price ([Reuters](https://www.reuters.com/business/autos-transportation/judge-rules-musks-tweets-over-taking-tesla-private-were-false-investors-say-2022-04-16/)) and he was subpoenaed again this year about that ([Teslarati](https://www.teslarati.com/tesla-reveals-it-was-subpoenaed-by-the-sec-for-the-second-time-in-a-year/)). Of course, I would rather have the SEC investigating SHFs, phantom shares, FTDs and dark pools than chasing Elon's tweets for 4 years... + +Citadel / Ken Griffin have been LONG on TORSO for years ([Barron's](https://www.barrons.com/articles/hedge-fund-citadel-discloses-huge-stake-tesla-stock-51587762771)). In fact, according to [Whale Wisdom](https://whalewisdom.com/filer/citadel-advisors-llc) Citadel's sells a lot of TORSO puts (remember selling puts means bullish) and buys a lot of calls. They have a decent amount of puts on TORSO too, since they are a HEDGE fund after all. In their last SEC filings they reduced TORSO calls by 7% and Puts by 17% though. + +Sure, Musk mentioned GameStop during the sneeze, but isn't it interesting he's backed off on supporting GME in any way since. If he was really against short selling, why not rally behind the main face of it, GME? + +He's not usually one to shy away from controversy. The pipe dream that some people here have about Musk and Cohen uniting to take down short sellers is just crazy. The hero worship needs to stop, Musk only puts himself and his vision for humanity first... Just ask some TORSO shareholders how they felt after this Twitter purchase fiasco. + +**Musk has more in common with Ken Griffin than he does with you or I, the individual retail investors. They are some of the richest people on earth, both having their private jets tracked by the dastardly poors online.** + +[Citadel’s Ken Griffin said he was shocked that fellow billionaire Elon Musk polled social media users about whether to sell 10% of his stake in Tesla Inc.](https://www.bnnbloomberg.ca/ken-griffin-says-musk-s-tesla-poll-is-a-whole-different-world-1.1679992) + +So... this brings us to the question of the day: Why is Ken Griffin being subpoenaed into this Twitter lawsuit mess? + +[“I think the most important part of Elon Musk owning Twitter is about free speech,” Griffin told Schatzke. “The social media networks are so focused on curating what all of us see and read every day, they’ve really eroded free speech as you and I knew growing up. I know Elon is just deeply committed to the idea of freedom of expression.”](https://www.forbes.com/sites/chasewithorn/2022/05/02/billionaire-gop-megadonor-ken-griffin-i-dont-appreciate-governor-desantis-going-after-disneys-tax-status/?sh=702d872b31c6) + +Sounds like Kenny doesn't like all the negative publicity he gets on Twitter right now. **How does Ken know that "Elon is deeply committed to the idea of freedom of expression" when the article notes that, "Griffin isn’t on Twitter"? Have they talked about it?** + +Well, what a lot of people here seem to be missing is that **Musk had to go around and request firms / rich people to be equity investors and commit $$$ to help back his bid to buy Twitter.** + +Of course Musk would have asked Ken Griffin for money. Look at all the people below who pledged it... + +Here are the firms who agreed to help him pay as per Musk's own SEC filing: + +"Equity Investor Aggregate Equity Commitment + +A.M. Management & Consulting $25,000,000 + +AH Capital Management, L.L.C. (a16z) $400,000,000 + +Aliya Capital Partners LLC $360,000,000 + +B/-\\MCO, Inc. (Baron) $100,000,000 + +Binance $500,000,000 + +Brookfield $250,000,000 + +DFJ Growth IV Partners, LLC $100,000,000 + +Fidelity Management & Research Company LLC $316,139,386 + +Honeycomb Asset Management LP $5,000,000 + +Key Wealth Advisors LLC $30,000,000 + +Lawrence J. Ellison Revocable Trust $1,000,000,000 + +Litani Ventures $25,000,000 + +Qatar Holding LLC $375,000,000 + +Sequoia Capital Fund, L.P. $800,000,000 + +Strauss Capital LLC $150,000,000 + +Tresser Blvd 402 LLC (Cartenna) $8,500,000 + +VyCapital $700,000,000 + +Witkoff Capital $100,000,000" + +Source: [https://www.sec.gov/Archives/edgar/data/1418091/000110465922056055/tm2214608-1\_sc13da.htm](https://www.sec.gov/Archives/edgar/data/1418091/000110465922056055/tm2214608-1_sc13da.htm) + +Well, Sequoia Capital sure rang a bell for me, probably because of this: [https://www.citadelsecurities.com/news/citadel-securities-announces-1-15-billion-investment-from-sequoia-and-paradigm/](https://www.citadelsecurities.com/news/citadel-securities-announces-1-15-billion-investment-from-sequoia-and-paradigm/) + +And the second connection I've found is Tresser Blvd 402 LLC (Cartenna): + +"Tresser Blvd 402 LLC has committed $8.5 million through Cartenna Capital, a Connecticut-based hedge fund manager founded in December 2019.Cartenna Capital runs under CIO and Founder Peter Avellone. According to his LinkedIn portfolio, the New York City-based entrepreneur previously worked for Angelo, Gordon & Co., **Citadel LLC**, Continuum Asset Management and SAC Capital/Point 72." [Daily Mail UK - not a great source I'll admit but a confirmable Citadel to Tresser connection based on LinkedIn](https://www.dailymail.co.uk/news/article-10785571/Elon-Music-lists-18-investors-committed-7bn-equity-help-fund-Twitter-takeover.html) + +There's 2 connections to Citadel I found in 5 minutes of googling. I'm not even a conspiracy theorist ape here... but I'm sure more connections between Musk and Griffin can be found. Anyone checking their flight logs against each others? + +I am just warning that I would be careful of ANYTHING with Twitter if Musk's purchase goes through and let's stop the hero worship. Kenny is watching. + +Buy, hold, DRS, yadda yadda yadda, not financial advice of course. + + TLDR; + - Musk hates shorts against HIS company + - Citadel is LONG on Musk's company + - Ken Griffin and Elon Musk's financial interests are aligned because of the above and a mutual hatred for a billionaire tax + - Elon Musk had to ask people for money to help fund his Twitter purchase + - Ken Griffin stated he "knows Elon is just deeply committed to the idea of freedom of expression” + - Sequoia Capital, who invested over $1 Billion in Citadel earlier this year, pledged $800m to be an equity investor as part of Elon's twitter bid + - So did Tresser Blvd 402 - run by Peter Avellone (formerly of Citadel LLC), who pledged a measly $8.5m + - Is anyone checking their flight logs against each others? + +Edit: first try was removed by auto mod due to "B/-\\MCO" since the three letters in the middle are a popcorn reference apparently... +I've looked back on my performance and noticed that I have a decent win rate of 50-75%, but still I'm down a lot. I do have small winners and small/medium losers. + +Most of the time, whenever the trade moves in my favour I tend to take the safer approach and lock in profits. The problem is that even if it guarantees the trade, it’s very small example 1 to 3% and trail a small portion. When I revisit the trade, I noticed that it has moved up over 10-30% (some ups and down which would’ve shaken me out or def made me want to close position). + +For that reason, next trade I decide to instead let the most of the position run with the trade, the problem is when it doesn't work I sit there with a noticeable draw down, until forced to close the position. + +Most of the time I focus on bull flag setups, where I should keep my stop at the low of the corrective move and exit (partial) at the high of the move. So I enter on range expansion, and should have clear stop and exit points. I tend to add on dips and scale out on up-pops. Well.. this is the idea, but most of the time I don’t follow. + +The problem is that some of these can run, but I don't know which ones and how to set their targets (how do I know they will break all the resistances up to 80%). So for the question; **how do you let winners run? How do you set targets? What gives conviction?** + +Do you use previous key levels, fibonacci, measure previous impulse move or will do you rather sell into strength, look for loss in momentum (how) or trail and hope for the best? + +**Also, is it even something one should aim for?** I'm thinking that locking in my profits quick will guarantee the trade, and all the focus on letting winners run it's actually the culprit, because it can lead to noticeable losses or breakeven instead or a minor profit. I'm not sure, thank you for inputs. +I'm a 31 year old female software engineer, working in the bay area. I spent most of my 20s in a relationship that turned controlling and unhealthy. After many attempts to leave, I finally got out about a year ago. I've spent the last year researching and understanding how controlling relationships tend to escalate and how people without a support system (financial, emotional, etc) can be particularly vulnerable. Leaving that relationship and re-building my life as a single person was one of the hardest things I've done in my life. When I left, thanks to years of working towards FIRE, I had my own money, my own job, and even my own house (I had bought it as an investment, but could live it if needed). Leaving was still incredibly difficult, I couldn't imagine how hard it would be for people who weren't in such a comfortable place financially. After all this, I see FI as a powerful tool getting out of these types of relationships and reducing my financial dependence on any future relationships. I'm curious if others have similar experiences or any lessons learned to share with the community. +So today I decided that I wanted to buy an ERC20 token and add it to a liquidity pool today. What a HUGE mistake that was. + +To purchase the coins, I had to withdraw my USDC from Binance to my wallet. + +$15USD gas fee + +I then had to send a setup transaction on Uniswap. + +$12USD gas fee + +Next up is the token conversion on Uniswap + +$56USD gas fee + +Liquidity pool set up transaction on Uniswap + +$12USD gas fee + +Now to add the coins to the pool via Uniswap + +$54USD gas fee + +Ooops I don't have enough ETH in the wallet to make the transaction. Back to Binance, withdraw some ETH to top up the wallet. + +$11USD gas fee + +THAT'S $160USD IN FEES. Not to mention that all this has had an hour of transaction times. Wow, the future of money at work here folks, time to invest. Why are so many people obsessed with this network. There are SO MANY better options out there that settle instantly with next to zero fees. + +Vitalik, give me my $$ back please. End rant. +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. +$30,000 in principal account is $100 in monthly income at 4% safe withdrawal. I use it as another "back of the napkin" calculation. + +Use it for checking quickly what you have saved, or when considering moving from investments that shows a principal balance to something like rental property that shows monthly income. + +Example: say you have 60,000 invested in an account you can pull from and you're considering whether or not to use some to buy a rental. By itself, 60,000 in principal is 200/month. You've run all the numbers on the unit, and if you pull 30,000, it's enough to buy you a property that nets you $300 a month. Well, that $300 a month is the same as having 90,000 in principle to pull from at 4%, and you still have 30,000 left in investments which can do $100/month, so the rental is a good investment choice (by this metric) as it doubles your monthly income. + +This may already exist, but I haven't seen it. Sorry if I've just repeated some existing wisdom! + +(Edit: the math: 100/month is 1200/year; 1200/.04=30,000) +I already have a significant position but why not a few more. I need some time to ramp up so I can keep pace or I would have started sooner. + +Also, I will continue to buy until the price hits 500+ and continues upward. If the price falls back under $500 I will continue until we moon. + +time to put my money where my mouth is +I do my budget on an Excel spreadsheet, and while I have many versions of it (regular vs. emergency vs. potato-sack-and-ashes vs. live-it-up), the most realistic and workable budget I have is a 5-year plan which is based upon assumptions like my life won't change too much over that time, and what has occurred to me is that if I expand my daily budget, it delays my date of FIRE. + +Obviously, it's not a complicated point, but running the numbers has helped me understand that even one Starbucks/day matters. The question is, which expenses do I feel are essential to a good life, and which expenses are exercises in vanity? I can stick to a good life budget, with the occasional splurge, but I don't have to splurge every day; in fact, seeing my budget in this way makes those splurges less attractive. +For the past year or so I’ve been pretty active and had everything set to payout cash… once the dividends built up I’d pick new things to buy. Now I’m thinking it would be best to just set it to automatically reinvest dividends and capital gains. What do you like to do? +Hey everyone! I am currently deciding what type of stocks I want to invest in in the long term. I mainly want to invest in stocks with dividends, but I want the stock to potentially see long-term growth. I currently own Meta and Version, but they are selling on Netflix. +So I'm looking at TROW for quite a while now. A dividend king, with amazing financials with somewhat reduction in AUM (which is reasonable when market is going down). + +It has the one of highest yield and lowest P/E ratios it had for the last 50 years. + +I've stacked it up, and I will probably stack more the more it dips. + +I wonder what's the bearish point of view? Am I missing something? +I'm a huge fan of PPCIan. Joined his newsletter and it comes with his entire portfolio with target allocations. Thought I'd throw it into a pie to see what it looks like in M1. Allocations are slightly off because M1 makes you put in whole numbers. Also, Danone SA (DANOY) isn't traded through M1, but it only makes up 0.8% of his portfolio so not the end of the world. + +Do you think this is a good pie for a beginner income investor? + +[https://m1.finance/b9V03pgCn](https://m1.finance/b9V03pgCn) +Hi, I have read in this community that there are some dividend stocks that do not have a regular tax status? Is that true? + +If so, how can I identify these stocks. I was thinking to buy NRZ or O, but not sure how tax status may mess me as a regular retail investor. + +I am not seeking financial tax advise but rather how to identify which stocks may include “not usual” tax declaration. + +Thank you in advance +I opened a Roth IRA and mistakenly contributed to 2021 and didn’t realize I could still contribute to 2020. What’s the best way to go about maxing that out to take advantage of that year? I have money but it’s for a down payment of a house so so I can’t use it.Should I just sell enough of my holdings to max out 2020. Is there a best way to go about this? +I read a WSJ article about how Johnson & Johnson was splitting up into two companies within the next 18-24 months. I'm fairly new to the stock market (23) and I have about 10% of my portfolio in JNJ. Not sure someone could "dumb down" what this split means for the stock and the dividend, or if nothing will change market wise? +I am trying to my evaluate my current strategy of "re-building" my Dividend Stocks portfolio and I was wondering what is your approach when you hold a dividend stock that the capital gains are 20-30% up, whereas it would it 5-6 years to get the same with the dividend provided that the price somehow stays stable..of course some kind of TA is welcome, I wouldn't exit on a good uptrend.. + +Thanks :) +Eventually I hope to get to a point to where I can invest around 4000 a month, and I have a few ideas what I'll be going for, but I am curious on what everyone else would get, to give me ideas for possible research for potential other options. +I’m just curious about the people who live off their dividend income or people that get enough dividends that it is like another salary job. How did you start? What it family members that helped you along or did you just stumble on it? How much did you start out with and how long did it take you to get to the amount you are at now? I am currently just under making $300 a year in dividends which isn’t that much compared to some people but it’s a lot more then my first year of $40. + +Also what tips might you have for someone starting out or fairly young into the investment world? +So I came across this article in Forbes stating that the below portfolio would pay out \~35k a year if you had $437k invested. I am a new lurker to this sub but I have seen the general consensus is to stay away from such high yielders. Any reason for me not to believe that this is a legitament retirement plan? The 5 tickers listed are + +FAX - 8.6% yield + +AWP - 10.1% yield + +BIT - 10.1% yield + +UTF - 8.2% yield + +EOI - 7.5% yield + +[https://www.forbes.com/sites/michaelfoster/2020/07/14/this-5-fund-portfolio-pays-a-monthly-89-dividend/?sh=3c89104f6d04](https://www.forbes.com/sites/michaelfoster/2020/07/14/this-5-fund-portfolio-pays-a-monthly-89-dividend/?sh=3c89104f6d04) + +Thanks +For the past year or so I’ve been pretty active and had everything set to payout cash… once the dividends built up I’d pick new things to buy. Now I’m thinking it would be best to just set it to automatically reinvest dividends and capital gains. What do you like to do? +My partner and I are currently living in London paying £1250 in rent for a one bedroom flat. £43k in savings with a combined income of £80k. +Struggling on the best options to buy a property/ whether to buy. +Option 1 - stay in rent. +Option 2 - buy a new build using the h2b loan. We are struggling with this in London as we have LISA and can go up to 450k but can still purchase In a less desirable area and monthly repayments remain low for the next five years. Interest rate being 1.62% +Option 3 - buy a flat valued at £350k or less. Because of the LTV being 90% our interest rate is looking like 3.5% ish. +Really unsure on the best option so any input would be greatly appreciated. +\*This is a throw away account just in case\* + +I have just finished my digital marketing apprenticeship with a digital marketing agency based in \*Manchester City Centre, after 1.5 years with them they have offered me a new contract worth £15,500 p/a. I am 21 and work this out to be just over minimum wage for my age bracket. + +I have no idea if this wage is appropriate or not as I do not know where I sit in the grand scheme of things. Deep down I was hoping for more but don't really know if I would be successful in getting a similar job anywhere else with a higher salary. What are my options and how should I go about it, any help would be massively appreciated. + +Cheers. + + +\*Edited in where I am based - Manchester +I'm set to come into some money in the next few weeks, which I'm intending to use to build an extension on my house (forced myself into that by putting another bun in the oven and now in need of an additional bedroom) however i don't intend to start any works on that for the next 6 months. Then i'll need to dip into it to pay for things as and when throughout the build. + +My initial thought is to just put it into premium bonds and forget about it until i need it, however i thought i'd ask the experience of UKPF to see if there's anything smarter i could be doing to maximise the potential of it, or if my premium bonds remain my best option? + +Thanks in advance. +Hi Reddit, + +I know this probably sounds like a scam (I know that's the first thing I would think of), but for those of you who will believe me: + +I have a stock trading account at my bank (CIBC - Canada) which allows me 1000 share trades for only $6.95. I also have received $10,000 USD from selling my 2012 (edit: typo, meant 2011) Honda Civic (no longer need a car for personal reasons). + +Anyhow, long story short -- I know nothing about stocks, I have $10,000, and I'd like to (edit: trade) invest it in 1-3 stocks, hold for a x months, sell and give any profit to a charity which we choose. + +Obviously I'll be bummed out if I end up losing all the $10,000 but I figure reddit is smart enough to at least break even, so I'm kind of taking a gamble and hoping I'll come out of this with my $10,000 at least. + +Otherwise, I will absorb the potential losses and call this experiment a failure (lol). + +Charities I have in mind: +CCS - Canadian Cancer Society +CP - Child's Play +HS - Heart and Stroke Foundation + +Thoughts? Is this is terribad idea? IF so, scrap it all to hell! + +Cheers! + +Edit: + +*Stocks suggested so far: +*SLW +*STX +*WDC +*AV +*T +*VZ +*RIMM +*AIG +*CHK +*LVS +*NAVB +*ARNA +*HCP +*RSO +*AEF.to +*AUTH +*QCOM +*BAC +*TEF +*TSLA +*F +*SCG +*AGNC +*GQC +*AUN +*TD +*ONVO +*AAPL +*IMAX +*AMD +*NOK +*TSLA +*MSFT +*KOG +*SLW +*NEM +*AAU +*HEK +*VBIAX +*COST +*BSBA + +Strategies suggested so far: +* Split between multple stocks +* GO ALL IN + +**edit #1** Regarding the whole tax thing someone brought up, great point, but I forgot to mention that this is a TFSA trading account. Tax-Free-Savings-Account is a Canadian thing, all gains (I was told) would be tax free. So I have 10k in this account right now, and whatever potential profit I would be able to move to my chequing account and then donate it to our charity. + +**edit #2** The first thing we need to decide is if we're going to choose 1 stock and "go all in" and wait, then sell... or to go with multiple stocks? I personally feel if we go with 1 stock "all in" it'll be simpler to keep track of and manage. Assuming this (unless it's a really bad idea), what stock from this list should I put the 10k in? I'll wait for some replies of course, at least another 24h! +Not looking for "just live within your means" type of advice + +Not really talking about someone not having financial literacy, more about spending as an emotional response to their detriment despite knowing better. + +Has anyone overcome or know anyone who has overcome this? Does anyone have any idea of how to deal with it or support someone who is engaging in this behaviour. +Happy Friday (stressful Friday for me as I go down this rabbit hole)... + +So wife and I are thinking about starting to try for our first soon - we are considering private health... which kills me but here we are. For the sake of $x (big x) it is a peace of mind (private room is a big one), if something was to go wrong and then just general family pressure we will face if we do public. + +Would anyone have any advice on how to pick a private cover? or any positive experience with any? We are in NSW. I am thinking singles cover just for my wife. + +and... is there any other way of getting the experience of a private room through public. I know the private room isn't guaranteed in either. + +Appreciate any help! +Hi guys, + +I've been doing some research in diversifying my investments away from my ISA's and looked into property. + +Initially, I understood that if I'm paying £200 a month on the interest of a mortgage, and I'm receiving £600 a month in rent, then I'd only be taxed on the £400 profit. However, as I did more research, it seems that this all started to change in April 2017 and I would now be taxed on the full amount (£600 pcm). + +Since my total personal income, already is very close to the higher tax bracket of 40k, I just wanted to ask the question, is it even worth it anymore? Bearing in mind I have a full time job and so any property management, maintenance and other expenses would definitely need to be outsourced to somebody. + +Have I misunderstood something? Would I be better off with a repayment mortgage and then selling it outright? Is property not the best investment area at all anymore? + +Any advice would be great, thankyou +My wife and I both work at our family's small/medium sized business. Jointly we earn about $120k. Both are 30. From the perspective of maximizing social security at retirement, would it be better for one to earn the entire $120k and then at retirement have the other spouse for spousal benefit, or for us both to earn roughly equal amounts? Not a very common situation so I haven't been able to find much info out there. My instinct is that it would be better for one to earn the bulk of the income. This would also help to increAse spousal widow benefit should one of us pass away. Any thoughts? Thanks + +**edit. First off, thanks for all the responses. + +Here is some further info as well my thinking. + +So it's a family business so there is minimal risk of getting laid off. We maX out both our roths and have significant savings, own our home home, financially safe, diversified investments, etc. (I have passed the CFA and have a finance major so I feel comfortable with all this numbers stuff and try to use what I've learned!) Company does not have 401k. I might try to implement down the line, but I don't own the company and it is not the easiest implementation. Maybe down the line. I am not counting on SS for my retirement, but given I have this earnings division flexibility I want to use to the best advantage I can. + +No need to debate future of SS. I still have to pay the taxes and whatever benefit is available at retirement I would like to maximize. + +We had our first child 2 years ago. She has worked very sparingly since while my responsibilities greatly increased. We continued to get basically the same split as before, with justification that basically I was the one earning it all. I expect my earning s to continue to increase and to go above the max limit for SS. She will probably return to work more extensively in about 5 years. + +Based on the info, as well as what I've looked at I still think earning all the income myself is the better option. The benefits I see are +1) higher income in retirement based on some of the analysis you guys did (An $80 some dollar a month inflation indexed annuity has some real value) 2) avoid 6% tax on earnings over 118k 3) if one of use were to pass away in retirement, higher benefits after death. 2000 a month vs 2800. I believe should we be entitled to my higher benefit amount if I were to die (correct?) + +The thing I might not be considering is the disability benefit. Assuming I forgo this, what is the cost of similar disability insurance in the private market? + +u/rensole +I would say this one time and I hope I don't scare or made someone mad. +I been in both subreddits and believe me the bots take over quickly, but because we give them power to post. +I'm not saying everyone is a shill but they will be some new ones that are , you all see it , someone with 3 days account become a fucking mod. +All I'm saying with my broken English is to put some regulation , to be cautious about new over takes. + + + + + + + + +POST THAT CAUGHT MY ATTENTION: + + + + + + + + +u/BreakfastRegular : to those who disagree due to using newer alt accounts- there was a post about a SuperStonkBot that you can call on to help bypass karma requirements if you have good DD to post but not enough karma yet. just search superstonkbot + + + + + + + + +u/redchessqueen99 : +Automod should be removing posts by accounts 30 days or less, and comments by accounts 7 days or less. Literally copied from r/GME - that said, if I feel a comment is from a diamond hand ape, I approve it anyway. It's up to the mod. The automod settings primarily are to prevent spam/shills/etc. Not diamond hands. #apestogetherstrong + + + + + + + + +RECENT COMMENTS I ADDED IN THE DISCUSSION: + + + + + + + + +I believe 30 days will be a reasonable amount of day , have in consideration that there are plenty of them already above 30 days. they will be banned eventually by their post. + + + + + + + + +the petition is just unable them from spreading FUD such as pre-maket loser GME among them with a 19% loss. There will be key days that unable new account could make a considerable difference among the community. + + + + + + + + +BTW one of the mods responded to the petition, it has been settle, I didn't see it until I copy the comment and posted in the main post. no further upvotes need. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +So as some of you probably noticed I've been riding the LDSR train from the trips and I've made a pretty penny, not six figures or anything but waaaaaaay more than ever before. Most I made previously was 10k, now I'm looking at 50k and it's got me shook as hell. I personally think it will countinue rising but I'm terrified of messing up and walking away with way less money and forced to think about how I could have had more if I wasn't stupid. So how do other people deal with this? I have a set plan on when to take profits but I'm so tempted to lock everything up except a few hundred thousand shares. +Had a couple moderate problems with digestion, lungs and PTSD that all added up to 100%. Honestly, I feel pretty fine and wish I could continue my military career. I really loved the Navy lifestyle and the people I worked with. I'm allowed to work without losing disability. + +I had my whole life planned out. Career in the Navy then get out at 38 with a decent pension and FI in a low cost state. Well, now I'm ahead of schedule and getting that pension now. But it's not as exciting as I thought it would be. It's daunting. What if I just fall apart without structure? What if I start drinking and just going on reddit all day? It's hard to have goals because all of my goals and work were predicated on setting myself up for "the good life" and advancing my Navy career. + +Some things about me. I'm 24. Have a bachelors in basket weaving. Recently took the GRE and scored 165/169 after about ~300 hours of study. Thinking about using GI bill to go to a good school in...something. I have a shitty online undergrad though. + +I'm also considering traveling around for a few years. Maybe live out of a van in drive around the country for six months visiting AF friends and family. I could easily afford living out of the van and Air B and Bs. + +Or, I could travel the world. I have about 200k in reserves. Even if I just slightly overspent by income budget I could do all sorts of things. Go live in Thailand like a king for a year. Go bum around South America. + +Or, should I go back to work? + +Anyone experienced anything similar? Somehow this FI freedom is crushing me a little bit. +I’m trying to figure out which the better investment would have been over the last 20 years. + +An S&P 500 Index Fund, for example: SPY, or a property in San Francisco: lets assume average price across the whole city over the same time frame. + +If two identical people had taken all of their disposable income and savings and one put it into SF property and the other SPY, who would have come out ahead? + +For the sake of concreteness, lets say the one investing in SF Real Estate lived in the house, whereas the one investing in SPY paid an equal amount of rent to the Mortgage of the SF property, but without Property taxes. + +To be clear, this is not asking what a viable investment strategy is, or if it's smart to invest like in the examples above. + +This is strictly asking about the outcome value-wise of the above two options +**Thesis: Bitcoin will forever be the currency of the internet.** + +This write up will contain information about **where we are in the world**, the **role Bitcoin will play** in it, and most fun - **Price Predictions!** I've spent over 1000 hours trying to wrap my head around this revolution. **Let's begin.** + +The Internet has changed the world forever in such a small period of time. People forget the internet became a global sensation only in the **1990s**, and look how far it's come. + +The entire **WORLD** now runs on the internet, and **WILL** continue to run on the internet. + +We are currently living in ***The Exponential Age*** at this point in history. Technology is evolving the world at a rate faster than ever before in HISTORY. Simply put, the world is moving at light speed. + +Shown in the graph below, the internet is the fastest developing idea/product in the entire world. + +[The Exponential Age](https://preview.redd.it/cranvt6775r81.jpg?width=823&format=pjpg&auto=webp&s=8ad30bdb8abaf44bbbba9e27180f497a50976908) + +As a comparison, the distance of time between the creation of the Light Bulb and invention of the Internet is approximately **143 years apart.** The difference between the creation and Internet and Automated Self Driving Cars (FSD) is only is only approximately **30 years apart.** + +Please let that sink in how complex it is to create AI vehicles that humans can trust to bring them to their needed destinations. Only 50 years before that we never could have even dream how to build such an idea. + +**That one idea is only one of millions of innovations that's happened in the past couple decades.** + +The internet has exponentially been solving problems since inception. Examples such as Social Media, Smart Phones, Artificial Intelligence have given the world a new way to connect, and forever interact with the digital world at large. + +We are at a stage in technology where the internet has a literal voice. The internet is becoming an everyday citizen of the world. Check out "Sophia" the robot! + +[Sophia!](https://preview.redd.it/7z9x1kle75r81.png?width=711&format=png&auto=webp&s=50386a1c133ca4a5401936256940193d8bd40212) + +Now that we've explained The Exponential Age, where does **Bitcoin** fit in? + +Bitcoin was created by an **unknown person** who went by the name "Satoshi Nakamoto" on January 3rd, 2009. **Satoshi's vision** was to create the first EVER proper form of **Digital Money.** This Digital Money needed to have a fixed supply, be secure, and permissionless. With **Bitcoin**, there is not a single person in the **world** that has the power to turn the system off, alter or block a transaction, or alter the max supply of this new currency. + +**System never turns off**: Digital Money that runs 24/7 for the rest of Human and AI's total existence. + +**Be Secure**: It is impossible to exploit the network, change the network, or devalue the network. + +**Fixed Supply**: It is mathematically impossible to devalue the money against itself. There is no inflation. + +On **Dec. 13, 2010,** Satoshi officially resigned from working on Bitcoin and handed the project off to the world to complete. Bitcoin's core values had already been set, and it was up to the world to keep it safe, secure, and forever running. + +**Fast forward to today, Bitcoin is running flawlessly, and is absolutely thriving in adoption. Nobody knows who Satoshi is today, or if he's even alive.** + +Currently, Bitcoin usage is growing at an exponential rate, as information about it and it’s ease of access is taking the world by storm. Check out this chart displaying how the Bitcoin adoption is growing at the same speed as the adoption of the Internet. We've already hit a $50,000 BTC in 2021! + +[Internet Adoption VS 2020 BTC Price](https://preview.redd.it/jz8ygjrf85r81.png?width=742&format=png&auto=webp&s=16f2cf261ab4ca05369b9bba49f476ba1bd05553) + +We can also see the Bitcoin number of Active Addresses (Users/Wallets) increasing exponentially as the price rises (bringing more attention to the asset) + +[Active Users vs BTC Price](https://preview.redd.it/13wptisk85r81.png?width=750&format=png&auto=webp&s=0bef9acec8c845d93d742583340dd88876a4ba45) + +Adoption is moving fast. But why does the world even need Bitcoin anyways? + +The world technically **revolves** around Money. Money and economic incentives drive the world to be forever evolving space, as well as allow us to earn resources needed to live. Currently, the entire world is being plagued by money that is being devalued, assets that are being inflated, and people who are losing faith in the current system. People are getting desperate, they’re looking for an alternative, it’s getting bad. + +Bitcoin is the solution to these peoples problem, and very fast are many starting to notice. If you're reading this in 2022, check how **EARLY** we are, and how exponential we are about to grow. Congratulations to all BTC holders out there. + +[It's about to get crazy.](https://preview.redd.it/qn8z2e3r95r81.png?width=649&format=png&auto=webp&s=1a6b9c383aff593ff1505f1e98f1ffa344e2904c) + +Billionaires are buying it, country’s are adopting it as an official currency, the US government is accepting it for tax payments, and the world is trying to go greener to acquire it. The list goes on. This is all happening within a short decade. The demand for Bitcoin will only continue to accelerate from here. + +The toothpaste cannot be put back in the tube. Bitcoin is taking the world by surprise and there is no stopping it. The world’s finally taking advantage of this fair, secure, and incorruptible money. The world is learning to store its wealth on the Bitcoin network. It is a **black hole** sucking up the world's corrupt, controlling, and unlimited supply of Government money. **People are taking back control of what hard earned money is all about.** + +*Bitcoin is digital gold, it is financial freedom, and it is the future of economic energy.* + +Theoretically, because Government money has an unlimited supply, the price of Dollars per Bitcoin can go to infinity when compared to it as Bitcoin has a max supply. So why do we want to get in early? + +The reality is, governments cannot stop printing money. It is impossible to stop printing money, and with Bitcoin having a forever fixed supply of 21 million coins, it mathematically will 100% continue to rise in value against a currency that has a maximum supply of infinity, assuming there is demand for Bitcoin. (The strongest currency) + +Read what I said above again. The price of Bitcoin is literally going to *infinity* against the dollar. Bitcoin is number go up technology against ALL currencies of the world. + +[USD vs BTC over time](https://preview.redd.it/u8rv3xvm65r81.png?width=1246&format=png&auto=webp&s=9fdb5e06b8c92c8bda06e2400b5cc03a9095a86d) + +Year after year, dollars are purchasing less, and Bitcoins are purchasing more. Bitcoin is exponentially increasing in purchasing power. Bitcoin mathematically is the strongest currency in the world. It is a perfect place to store long term wealth, and exchange economic value with another entity. + +The question that lead many of us down the Bitcoin rabbit hole is, **how high can Bitcoin price go?** + +**In Short, the price per Bitcoin valued against the Dollar should be anywhere between $500,000 and $4,600,000.** + +That's right, Bitcoin is EASILY going to 1 MILLION DOLLARS a coin by 2030. We are so early. The world has a lot of money in it. The world's money is beginning to fly into Bitcoin as we speak. + +[Public Companies holding BTC](https://preview.redd.it/12r5kf7xd5r81.png?width=1309&format=png&auto=webp&s=a3c412f2e88af206e218bf174a03eb32c53f71a3) + +The chart above will show us that Public Companies are beginning to HORDE Bitcoin, as they see it as an essential asset to hold on the balance sheet of their business. Many of these companies are taking Bitcoins off the market, and they will NEVER return or be resold for dollars. + +Bitcoin is the easiest asset to maintain, and the greatest asset to hold over a long period of time. Everyone is making a lot of money off this. Everyone needs a piece of it. + +The kicker is, we are going into a transformational time in history. Inflation rates are at record highs, reaching 10% a year in most of the world. (This is conservative) + +The Global BOND market is worth approximately $100T. All this money placed in bonds is literally LOSING investors money. If inflation is at 10%, and you are earning 2% on your bonds, you are *"safely"* losing 8% a year on your investment. The math is that simple, and it is that sad. + +We can now say at least 30T of these bonds are smart enough to notice within the next couple years that the money placed inside them need a new home, the whole Crypto industry and Bitcoin itself is that black hole that is going to suck up a large portion of it. (Crypto Industry is currently only worth $2.5T at the time of writing this) + +**With all this money coming, and adoption growing exponentially, what prices per Bitcoin could we expect?** + +Maybe this is something for you to study yourself, but I'll give you an idea of models and ideas to study to get you on the right track. + +*These Price Projections, Models, and MATH have been provided by* ***James from InvestAnswers****. Check him out on YouTube!* [*https://www.youtube.com/channel/UClgJyzwGs-GyaNxUHcLZrkg*](https://www.youtube.com/channel/UClgJyzwGs-GyaNxUHcLZrkg) + +**Price Projections by 2030** + +* Metcalfes Law: $11M per BTC +* Stock to Flow: $9.5M per BTC +* Fidelity and ARKK Invest PP: $1M +* Average of all the models: $4.6M +* **Expected Case: $1.9M** + +I like to give conservatives price predictions for BTC. Realistically, any of these could be correct. The math just works, it's not hopium, it's not inaccurate, this is REALISTIC. + +**I expect a $1M Bitcoin by 2030, and I have put my money where my mouth is.** + +The question is, should you invest? Yes. NFA! + +Take a leap of faith, this is all very possible, and will likely happen. + +[A leap of faith!](https://preview.redd.it/hjq549o0j5r81.png?width=535&format=png&auto=webp&s=e74c8107fbf7f7ec2450bf3330b9d62439813a6f) + +Keep in mind, Purchasing Power of $1M in 2030 will not be $1M. This is true because of how inflationary the dollar is. See below what happens when BTC = $1M a coin with varies inflation rates. This is why we need sound money that does not devalue against itself. (Bitcoin if you haven't understood that yet) + +[Chart from InvestAnswers](https://preview.redd.it/np1lcfgri5r81.png?width=912&format=png&auto=webp&s=754b0ea12aea22c8fadc2ca8892b2de47b8d56ce) + +Get ready to see Bitcoin being accepted as payments at all your local stores, and sent between all your friends. It's only up from here. Bitcoin and Crypto as an industry is a 50X opportunity from here over the next decade or two. This $2.5T asset class is going to $100T. (Similar to the Stock Market and Real Estate total market) + +Study hard, study often, pick the right assets, and enjoy the gains. + +The question is: ***WHEN MOON?*** Stack your bags, do your DD, and happy investing! + +Again, NFA! + +[Bitcoin in El Salvador](https://preview.redd.it/997hxwx2g5r81.png?width=784&format=png&auto=webp&s=63a993d3425629ee6e9be7588e7fe471c0dcbd5c) + +**DISCLAIMER: THIS IS NOT FINANCIAL ADVICE.** +I’d be keen to know how people value an increase in base pay if it also means a decrease in other monetary (bonus %, pension contribution % from employer), and perks (better may leave or life insurance cover). Eg. Do you include the pension contributions in the per-month benefit calculation? Do you value more the increase in monthly take-home? Does this change as you move into a higher (50k+) tax bracket? Any insights welcome! +>Adjusted EPS: $1.33 vs. $1.63, according to Thomson Reuters + +>Revenue: $1.13 billion vs. $1.14 billion, according to Thomson Reuters + +>Same-store sales grew 1 percent vs. expected growth of 1.2 percent, according to StreetAccount + +>"Despite several unusual impacts during the quarter, including the impact of hurricanes, we maintained our focus and saw some encouraging signs," said Steve Ells, founder, Chairman and CEO of Chipotle, in a press release. "Our leadership remains focused on setting the foundation for future growth, and we are confident in our teams' ability to deliver against those plans." + +>Chipotle refined its estimate for the year. It is now calling for comparable sales growth of 6.5 percent. Previously, it expected growth in the high single digits. + +[CMG](https://finance.google.com/finance?q=CMG&ei=5KfvWeDWLMLAjAH3oZCIBA) + +[Source](https://finance.yahoo.com/news/chipotle-shares-fall-6-percent-195036193.html) +Edit: [The Wyckoff theory graph applied on the 2021 bull run.](https://i.ibb.co/gbYyfT9/1.jpg) + +This kind of information is good to be known by all of us, the average investor. This is not a reason to cause fud but to make us more knowledgeable and mature. Ιt doesn't matter if it plays out to the exact detail, because the market manipulation **has already happened**. We're actually in the last stage of it. + +I'm surprised that this has rarely been mentioned here, if at all. Almost a month ago, [this guy on youtube](https://www.youtube.com/watch?v=Lhf_2gJJS1I), made a very interesting analysis on how the *Wyckoff* theory has been applied at almost 100% during this bull cycle. It's amazing how all the stages are so similar to what we've been going through the last few months. + +I strongly suggest to watch the video analysis. If you don't have the time, the quintessence is that the institutions have entered crypto and they have perfectly manipulated the current bull run. It looks like that we might go even lower (maybe see BTC in the 20-30s). However it's almost over and we're likely entering a bigger bull run right after that. + +Remember, for the crypto market to mature, we need to make our research, **invest in solid projects, support each other and grow together as a community**. + +Centralization causes competition and envy in order to keep everyone psychologically weak and fearful. + +Decentralization works on teamwork, community, responsibility and knowledge, so we can all be strong together. + +When someone makes money in crypto, it doesn't happen at the expense of his neighbor. On the contrary, it helps strengthening the market. When someone close to you makes money, it means that your financial independence is close too, as long as you are invested in projects which actually care about a truly decentralized society. +I'm 24, she's 22. We just had our first child 4 months ago. Wasn't planned but we're doing alright. We moved back into my parents place a year ago because we knew we'd need the money. Planning on moving back out here in a month or two. + +Me: IRA, $20k I maxed the cont. this year 95% stocks, large growth. +6K between checking and savings. +Credit card, $140 balance, should have it paid off in 2 months. +2nd credit card for a Macbook I bought 2 years ago. Yes 2 years, did a balance transfer so it's 0% interest but I owe 600 on it. +2000 in student loans, no interest right now. +I owe 6900 on my second car (dad mobile Kia Rio 35mph). +Thats it for me. + +My fiancé has no debt, and 2000 between checking and savings. + +This is where our often argument stems from. I honestly think if I didn't stay on her throughout the entire pregnancy to stash away her cash, she'd probably have zero savings right now. She gets mad anytime I even bring up the subject. I tell her we don't need to shop at x grocery store because its too expensive, she gets mad. I mention we don't need to buy anything if it isn't on sale, she gets mad and says "all I care about is money." + +I've tried to inspire her by just asking her to google pictures of the places she'd like to travel to, where she'd like to live, and then tell her that can happen but we have to live like no one else now so we can live like no one else later. + +That doesn't work for her. The minute she has no money her first instinct is take money out of savings, and not, do I really need to buy this. + +I want to be with someone who will work as hard as I will for retirement. I want to be DONE by the time I'm 40 and I think I can definitely accomplish that. + +I'm a graduate of the US Army Ranger School, I've been in the Guard for a few years, so I may be going active duty here in a month or so. If not I'm a year out from graduating with a finance degree so if needs be I'll take a job with that until I go active in the Army. + +Fiance' is in school for nursing, 2 years out. + +Any tips on how I can get her on board? + + +Edit/Update: + +Thanks for the much needed advice everyone. + +I like the future/dream/motivation advice. When we've talked about traveling before, I could tell she was really interested and also knew that traveling costs money. Her being at home with our child really helps too, she'd probably be a stay at home mom if she could. + +I'm going to take a step back and just lead by example. I understand she has no debt so that's great, but there were plenty of times lately, and during the pregnancy where she was about to spend every single bit of her savings on things. + +My first car was paid for by my parents, I bought a second car that gets almost twice the MPG, and is packed with airbags unlike my other car that hardly ever gets drove now. I put my first car in storage on the insurance, and with my first car being a v8 coupe, I actually pay less than I did before with it AND my new 4cylinder. + +I'm still paying on my laptop because it was originally like 3% interest or something, so I did a balance transfer to a 0% card to keep building credit and get another good account on my report. + +Again thank you all for the help, I do NOT want to do life without her and my child, so I'm willing to work to get us both on the same page in regards to finances. + + +It's a big milestone for me since I have 2 kids and full time mom, my wife. I have been only single income source for the entire marriage life and have no idea how I got to this far. + +If I add my house value (minus mortgage), the total will be about $0.5M, but I exclude that. + +I hope it gets better to save more and interests/dividends/etc from the quarter million boost the whole value a lot faster! + +BTW I'm in LA. so huge chunks of my income goes to mortgage payment. +My car payments are 230.46 and my insurance is 423.16 monthly and my credit cards are 8000 dollars in debt what’s the fastest legal way of making money? My monthly take home pay is 2400 dollars I live at home and my pay is by weekly I work 40 hours +I'm a beginner investor learning all the basics currently and educating myself as best as I can to be successful and was wondering: what do you guys think are some vital concepts/methods/tools that led to your successes? Most importantly, what led to your biggest failures and how did you recover? Failure is truly a teacher and I want to hear about yours! I figure that I could go into the market and fail again myself (down 46% already lmao), or I could utilize the failures from the three million investors on here! + +Edit: thanks for all the support and knowledge! It definitely helped me a lot! :D +Had to leave work due to medical reasons, EI is paying me $500 a month. My rent is $475. I can’t afford to be alive. I’m too young to be able to attain a credit card with more than $1000 limit. My tuition hiked and I am no longer able to afford to finish school (only had 10 months left) but if I’m not back in school by October then I have to start paying back the $30k. +There’s no one to help me. No where to move to that’s rent free. I honestly think I’m better off dead at this point. RIP me. +Does anyone here generate income with selling covered calls only? Is that the most safest way without much risk. I’m talking holding on to shares but not being called and just taking small profits weekly or monthly. +Large OTM plays are once again happening since the beginning of October, causing large amounts of tech companies once again breaking all time highs. Softbank has denied influence. A consquence of this, and the US election/chaos, is that foreign companies are also having a resurgence after tough trade/lockdown talks. + +For example, Chinese plays. Take $NIO, some long dated LEAP calls have [been up 150%](https://twitter.com/unusual_whales/status/1316424063053639683), with [some up 1100%](https://twitter.com/penisvajj/status/1316424223825571841?s=21)/ $BABA too, reached ATH, with [even more bullish sentiment](https://twitter.com/unusual_whales/status/1316433819780538368). + +Bridgewater thinks this’ll continue, with [China having the advantage](https://www.bloomberg.com/news/articles/2020-10-12/dalio-says-time-is-on-china-s-side-in-power-struggle-with-u-s) on the US on a range of economic issues, not excluding stability, COVID, and assured elections. What are your thoughts on Chinese plays (assuming it’s not all Lucky Coffee round 2)? + +#🚅🚅🚅ALL ABOARD THE HYPE TRAIN !!! 🚅🚅🚅 + +#🚂🚂🚂 CHOO CHOO MOTHER FUCKERS 🚂🚂🚂 + +#WE ALL KNOW HEDGES ARE FUKED ! KENNTH GRIFFIN IS GOING TO JAIL ! WE ARE GOING TO BE MILLIONAIRES! AND MOST IMPORTANTLY WE ARE ALL GOING TO GET LAID !!! + +IF YOUR HYPED FOR EARNINGS YOUR IN THE RIGHT PLACE + +#🪳🪳🪳🪳FUCK ALL THIS WEEKEND FUD !🪳🪳🪳🪳 + +WE CHANNEL ONLY GOOD VIBES AND SHOW THESE SHILL HOW FUKED THEY AAAAAARRRRRRGGGGGGG 🏴‍☠️🏴‍☠️🏴‍☠️ + +#🐱🐱🐱🐱WWDFVD ???🐱🐱🐱🐱 + +WHAT WOULD DEEP FUCKING VALUE DO ??? + +##🚀🚀🚀SIMPLE🚀🚀🚀 + +#🚂🚂HODL AND WATCH THESE MARKET MAKERS SHIT THEM SELVES THIS NEXT WEEK!!!🚂🚂 + +##NOT ONLY DO YOU HAVE THE WINNING HAND, YOU FUCKING DESERVE THIS !!! + +SO GET READY TO BUY, HODL AND MOST IMPORTANTLY FUCKING SHOP AT GME !!! + +💵💵💵💵LOAD UP YEE BROKERS ACCOUNTS !!!💵💵💵💵 + +##🏴‍☠️🏴‍☠️READY THE COMPUTERSHARE BUYS !!!🏴‍☠️🏴‍☠️ + +# 💵💰💵💰MAN THE FUCKING PURPLE FUCKING RINGS ! ! !💰💵💰💵 + +## :: DOES THE TWERK OF THE SCROLLWHEELER :: + +#WWWWHHHHOOOO-HHHAAAA APES MOASS IN UPON US + +#WE RIDE AT DAWN 9:30 AM MONDAY MORNING !!! + + COMMENCE THE CUSTOMARY PIRATE FLAGS AND ROCKETS !!! + +🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️ +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +>FCA ordered cryptocurrency exchange Binance to stop undertaking any regulated activity in the country, saying the firm lacked authorization. + +[https://www.reuters.com/article/binance-uk/financial-watchdog-orders-crypto-exchange-binance-to-stop-regulated-activities-in-uk-idUSL2N2O907S](https://www.reuters.com/article/binance-uk/financial-watchdog-orders-crypto-exchange-binance-to-stop-regulated-activities-in-uk-idUSL2N2O907S) + +What does this mean for people using this - and other - unregulated crypto platforms? +**EDIT:** **Be sure to report all bugs** through comments, PMs to me, or through the site's contact page. + +\-------------------------------------------------------------------------------------------- + +Hey /r/options, + +We spent all of quarantine trying to build the ultimate paper trader. On Iron Condor you can trade stocks, options, ETFs, and cryptos in a simulated environment. + +We included historical stock data, the latest news, analyst ratings, and more info to help you make informed choices. You can also execute Stop and Limit orders. Of course you can trade options as well. + +We hope you take the time to check it out and give us your feedback! [Link here](https://ironcondor.app/) + +Edit: Video sample so you can see what its like without signing up: + +[Condor Walkthrough](https://reddit.com/link/k8g68x/video/l7i1w4ocmr361/player) +To all of you autists and abnormal humans: + +WSB has been liberated. The OG mods are working to get the band back together with those that were run off like Trotsky, and we are trying to bring back fuckboy. You can continue losing your money and publicly humiliating yourselves for the schadenfreude. + +Anybody that was previously banned for speaking out will be reinstated. You should also ask for some flair. + +Long live the rainbow dicks! + +Love, + +The Mods +Hey guys, +How we feeling about this? +33% VTI +33% QQQ +33% VGT + +Noticed that some of these ETF's had 5 year growth of around 200% and figured they'd be good options for letting the money marinate. Any other options are highly appreciated! +Hello all. I'm setting up a spreadsheet to track my ETFs and dividends, etc. Something's not quite right, though. I'm not sure I'm seeing things the way they ought to be, but I may just not be thinking about it right. + +I'm taking a stock I have, adding in the current value of that stock, how many I have, the div yield rate, and then adding in different math in different cells to account for compound interest either month-to-month or quarter-to-quarter. + +However, I'm not sure the interest is compounding properly. I'm saying, in plain math, "Take previous month value, add that to value X divyield%, this is my new value." [*correction* I do 1/4th the value X div% because I think that's how the quarterly payours work, they take the yearly and divide by number of payouts] But, the 1 year total is less than if I just take my total value at the first month times that dividend yield percentage. + +So here's an example, usuing VYM from today, and 1 share to test it out: +Variables: +Value = 79.58 +Quantity = 1 +Div Yield = 0.272 (aka 2.72% in decimal form) + +Now the math I've got is quarterly, so it runs like this: +1st +VYM Value $79.58 +VYM Shares 1.00 + +2nd +$80.12 +1.01 + +3rd +$80.67 +1.01 + +4th +$81.21 +1.02 + +At the end of a 12 month cycle it's saying there's a 2.05% increase, not a 2.72% increase. Divide the 81.212 by 79.58 to see. If I take that original number and just multiply by 102.72% it should be 81.74, not 81.21. It's a small amount, but that's testing it with 1 share. The value gets larger the more shares I plug in. + +Am I missing something fundamental here? Order of operations? A real "duh" moment? I'm seemingly having the same problem on monthly compounded examples I'm setting up. The end result of monthly compounding is less than just a 1-time multiplication factor. I'm not exactly bad with formulas and spreadsheets, and I'm not terrible with math. I'm just not sure what I'm missing. + +With my start into ETFs and expanding my meager investing lately, I want a spreadsheet to track potential growth that I can plug in different values into and see what I might want to focus my efforts into. For example, putting my portfolio into it and deciding if I bump XYZ up from 20 shares to 100 what it will do in the long run. Or leaving XYZ the same and putting that into ABC instead. I figured the best way to get this was just make my own spreadsheet tailored to my wants rather than shop around the internet for somebody else's formulas. + +Thanks in advance. +I was investigating in bond ETFs thinking they would be low return but reliable options to put your money in. But right now, most of them are quite red. I was surprised to see their poor performance overall. + +This begs the question - Can they recover with the economy ? From what I understand, this is mostly the money lent to businesses and when they default, the money is gone. So if majority of money in an ETF is bad debt, how do they continue being profitable ? +I don’t know about you guys but until I see small and mid caps (VXF) start to outperform large caps (VOO) I believe we will continue to head into a bear market and eventually a recession. Small caps have always been the canary in the coal mine and they have been most unloved for a very long time now. + +Also, have been keeping an eye on the Buffett Indicator which shows that GDP has lagged total market cap considerably for several years now. + +I believe we need to go another 20 - 30% lower from here. +Hi! I am in my early 30s. Have about US$100k to invest and have been sitting on the sidelines for too long. I need some generous help from all you guys to help me figure how I can build my ETF portfolio and start investing ASAP. The market has been moving up so high and is quite scary - what if it crashes and my hard-earned savings lose considerable value? My horizon is long term - say 10 years - and my goals are to generate a decent income - I would say my risk appetite is moderate as I am new to investing but can also take slightly more risk as I am still relatively young. :P + +a) Should I go lump-sum or systematically split it up over a few months given the current market? What strategies do you recommend? + +b) What should be in my portfolio (prefer UCITS)? How do I split across growth and diversify internationally? How do I diversify across stocks and bonds and gold and real estate ETFs etc.? + +Thanks a mil in advance guys. +Hi everyone, + +I'm contemplating investing on clean energy ETFs, does anyone have any suggestions? + +The idea is for a long term investment. + +Please let me know your thoughts :) + +Thank you all. +I'm looking for a free or open-source game, like the various stock-market games for kids, which might help me better understand how ETFs work *in practice*. I've been reading up but the best way for me to learn is by doing. Which I'd rather not do with real money, to start. + +I have a small portfolio that does ok (then again, what doesn't in this market), which I don't mess with too much. I was looking to branch out a bit with ETFs, since Vanguard is now offering some basic ones without fees (if I understand correctly). The goal is to bring in some extra money, perhaps even enough for a modest vacation every few years. Am not totally risk-averse, can be aggressive, try not to be impulsive. So I'd put myself in the middle that way, but would rather know more before moving forward. + +Barring a stock market-style software program I can "play" to learn, maybe some kind of basic spreadsheet where I could enter amounts in different types of funds & watch them over time would do the same thing? I doubt it exists, but it can't hurt to ask. The math to make one is oc beyond me. There are ways in which the trading of ETFs sound more like hedge funds, with the associated risks. That plus tax concerns make me wary. + +Am super old-school w computers & would really prefer a piece of software, online or not, to an app. + +Thanks, any suggestions appreciated! +Firstly im trying to understand the pricing, how can an tech ETF such as QQQ, consisting of shares like apple, google ect.. Be less than say £200. If i was to create a portfolio of 5 blue chip stocks, 1 share each, the cost needed would be a lot higher right? + +Also, how do the fees work? + +% of total amount invested per year? + +Any tips on what to avoid when investing in ETFs. + +Lastly, hoping to invest in 2-3 ETFs in total, with one in a Tech ETF such as QQQ. + + and one Emerging Markets ETF or Robotics/Automation ETF or Japaneese ETF. + +I am still slightly confused with mutual funds vs etfs (i understand the benefits such as lower fees, and you dont require a high amount to invest in ETFs aswell as its ability to trade OTC. However, I can't see why investors wouldn't just invest in ETFs instead of mutual funds, is it because they may be more speculative hence more volatile?) +Hi all, + +I am eyeing a couple of bond ETFs for my portfolio. Have a couple of doubts around the way they function. + +Suppose I invest in an ETF first created in 2020. Mandate is plain gov bonds with a 7-10 year maturity. Holdings are, say, 10-year instruments issued in subsequent years. + +My question is, are the holdings held until maturity or are they recycled once they fall outside the specified range of the mandate? Meaning, will the 10-y bond maturing in 2030 be sold in 2025 (or before then) and replaced by new ones issued at later dates? +Or is the ETF itself with a finite life linked to the bonds acquired at inception of its life and shortly thereafter? + +Thanks for your help! +Hi all, + +I currently have ITOT (ishares total US market fund) as my core position i.e. 70%. I want to know if it makes sense to switch it to something more growth focused like MGK or QQQ. These funds have better returns but are more focused. + +For context, I'm 35yr old, working in tech and see tech continue to dominate next decade too. +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback! +Hi, let's start with the stats first: + +Age: 21 + +Amount to invest: $10k + +Time horizon: 20 years + +Goal return: 7-10% annually + + +ETFs and their % allocation: + +VTI - 25% + +QQQ - 25% + +VWO - 10% + +ARKG - 10% + +ARKK - 10% + +ICLN - 10% + +CIBR - 10% + +What you do you think of this portfolio? +I'm thinking of changing my investment strategy to less is more. I was wondering if anyone had thoughts about what a 25yr old should do in this situation. I don't mind the risk of QQQ but wanted to see what the community's feedback would be. Thanks! +Hi All, + +I am trying to figure out which is the better option, I know QQQM is less than a year old - but will it have the same dividend yield as QQQ? If not does it still make sense to get QQQM just to save on the expense ratio? +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback! +SGOV invests in 0-3 month Treasuries. The chart shows this ETF's price goes up on a daily basis. Then drops back down on the first of the month when paying out the dividend. + +SEC yield is 2.16% https://www.ishares.com/us/products/314116/ishares-0-3-month-treasury-bond-etf-fund + +Is this a good alternative to money market funds and high yield savings accounts? +Hi all, + +I currently have ITOT (ishares total US market fund) as my core position i.e. 70%. I want to know if it makes sense to switch it to something more growth focused like MGK or QQQ. These funds have better returns but are more focused. + +For context, I'm 35yr old, working in tech and see tech continue to dominate next decade too. +With the recent news about NYSE delisting of 3 Chinese companies (now reverted), I'm curious what happens to their shares held inside ETFs in the US? Do their value go to zero or somehow auto-liquidated at the last closing price? Or something else? +I have invested pretty heavily into ARKK and wanted to see if it is a good long-term play. The fund has had a tough year but is it worth holding onto or do I cut my losses and get into something else? +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback! +Hi, I'm new to ETFs and I'm wondering what is the best site to use to purchase ETFs? I have some stock shares on Cashapp but they don't have all the ETF's I would like to invest in. I'm viewing ETF's on ETFDB. +Hello! + +So, not wanting to be 100% equities, bonds are usually used to reduce the overall risk of a portfolio. + +But, interest rates are very low and expected to stay low for the foreseeable future. And when rates do move, up is really the only way to go (yes, rates could go negative, but unlikely). When rates go up, bond prices drop. + +Today's markets are so unusual, I don't see bonds in play for at least a few years. + +So, what ETF ideas might you have that could provide the lower volatility bonds traditionally provide? + +Cheers! +I have 50% of investments in VTI, 10% in VXUS, and 30% in individual stock (mostly GOOG). I'm looking to invest 1-2% on emerging technology-themed ETFs. I'm leaning towards BLOK since I don't have any crypto and META for the metaverse. I'm also interested in genomics/biotech and clean energy. Are there ETFs you recommend? +Hello! I'm three years deep into my Roth (29 yo) and started one for my wife last year (27 yo). The down market has made me take a step back and want to dig deeper on creating what I think is the best portfolio. In the past, I was just invested in VTI, VOO, and VGT. Below are the ETFs I like and an allocation percentage I came up with. I think they are good funds but I also think I have a ton of overlap, and all are very aggressive. I was hoping I could get some suggestions on reallocating, removing 1 or 2 that overlap too much, and a different market or 2 that might help make this more balanced. Thank you + + +VOO - 40% - Large-Cap Blend + +VOT - 15% - Mid-Cap Growth + +VBK - 10% - Small-Cap Growth + +VNQ - 15% - Real Estate Sector + +VGT - 20% - Technology Sector + +~~VTI - 20% - Large-Cap Blend~~ *consolidating into VOO + +~~MGK - 0% - Large-Cap Growth~~ *removed and allocated to mid-cap +Hi, + +I'm a rather passive investor using mainly broad ETFs such as VT, VTI. I'm calculating my net worth in CHF since I live, get paid, spend and plan on retiring in Switzerland. But due to fund size, cost and liquidity investing in USD ETFs is the cheapest option. + +Now best practice rules say currency denomination of a diversified ETF doesn't affect returns, no matter what currency you convert it to. + +But will that rule hold up also for tail risks such as hyperinflation, emergency fed rate jumps, Ukraine war, or similar? Or would such events have a significant impact on long-term performance denominated in CHF? + +Let's take a simple example: What would VT, traded in USD, do in an (unlikely, but not zero probability) scenario of a USD inflation of 25%/a? And to hedge such an event in CHF, what would be a starting point? + +Curious about views! +Currently in my portfolio (amongst other things) I have several ETFs... which I'm realizing now might be too many, but I'm here looking for advice. I’m currently holding these in my personal brokerage account. + +I currently hold: +SCHD @ $55.35 +SPYG @ $47.18 +VOOV @ 96.28 +SPHD @ $33.99 +VTI @ $170.22 +VXUS @ 59.56 +ARKK @ 124.20 + +For some reason this post got deleted by Reddit's spam filter... so I'm trying it again 🤷🏾‍♀️ +I've got a Rollover IRA at Vanguard holding VTI (50%) VIOV (25%) VXUS (25%). + +Life has been hectic lately, the rollover IRA was just sitting in the Money Market fund waiting for me to act for like 3 months, and I selected the investments after 10 minutes of research. I'm now curious if owning VTI *and* VIOV is redundant? Should VTI be swapped for VOO? + +This Rollover IRA will not be contributed to going forward as I have a solo/i401k where future contributions will go (currently empty, have no strategy yet). The only investing I do/will do is long term buy and hold. I'm 40. + +Thoughts? + +Thanks as always. +Looking for feedback on your portfolio? This is the place to share, rate, and discuss ETF portfolios. + +To facilitate the discussion, please provide some context for your portfolio selection, for example, investment goal, timeframe, risk tolerance, target asset allocation, etc. + +A big thank you to the many [r/ETFs](https://new.reddit.com/r/ETFs/) investors who take the time to provide others with feedback! +Hello there, Romanian citizen here and as most of you know, the laws in Europe don't "allow" you to own some USA ETFs or stocks. Although some brokers give you the choice to acquire them through a CFD with no leverage ( VOO for example ). At first glance, it looks like they have the same risk as direct trades. I am looking to invest long term ( >15yrs). But I am not sure if it's the right thing to do since you don't actually "own" them. Are there any "hidden" risks? What's your opinion on this? Thanks in advance! +My income after tax, savings, and expenses will be split between 70% ETFs and 30% crypto. My Roth IRA is already maxed and I still have 3 months before I can start my 401k, and I’m not interested in an HSA atm. Of my ETFs, 64% will be stable dividend (monthly and annual) ETFs, 30% will be sector ETFs (including metaverse, sports/gaming betting, renewables, self-driving AI, and semiconductors, and 6% carbon credit future index. My cryptos will mainly be BTC, ETH, SOL, ADA, but also including other alt coins. From your perspectives, is it too much growth oriented or not enough? My Roth IRA is being managed by a company so they are gonna be a really good safety net imo. Any insight would be appreciated. +I know the hype around IOTA is huge and many are invested into this project and might not like this opinion. I've done some research within the last days because I was planning to put some money into IOTA. Now I feel like the project is very overvalued. + +* The coordinator centralizes the whole network. It is currently under maintenance and the network is basically unusable. The only two exchanges which trade IOTA stopped withdrawals and deposits. No tangle explorer works anymore. The vast majority of full nodes doesn't work anymore. Some full nodes which don't connect to the coordinator are still up and running and as a result some people even say *look, this is great, that's a proof that the network works without the coordinator*. Uhm, no. First, the whole economy has stopped. You can't withdraw or deposit your IOTA to any exchanges. You can't use any tangle explorer anymore. Secondly, the reason why the coordinator exists in the first place is to protect against attacks while the network is too small to protect itself. So there is no way to say *that's the proof! it works without the coordinator* when a.) the economy stopped working and b.) the network is now insecure. + +* The wallet experience is awful. I often get errors on my Windows machine and on Ubuntu the wallet doesn't work at all. The mobile wallet also doesn't work for me. But the worst part is probably that due to how IOTA works, addresses must be re-attached to the tangle every now and then for the balance and transaction history to appear again. If you login to your wallet after some time, you will see it's completely empty and you need to manually restore your balance by re-attaching addresses. [Look at the GitHub issues](https://github.com/iotaledger/wallet/issues) to see how many people complain about missing balances and even think the wallet is a scam. This wallet is a massive hurdle for regular users. + +* Tangle explorers also face the problem of re-organizations. If you received IOTA to an address some time ago, tangle explorers will not even recognize the address. + +* The developers reacted very unprofessional to some events in the past. When a [vulnerability in a hash function was found from a researcher](https://blog.iota.org/curl-disclosure-beyond-the-headline-1814048d08ef) the devs first said *it wasn't even a vulnerability at all* and later changed their mind to *it was hidden by purpose to be able to attack other open source projects which copy it from IOTA*. [Here](https://www.reddit.com/r/CryptoCurrency/comments/72l7kp/why_i_find_iota_deeply_alarming_eth_core_dev/) Vitalik Buterin offered his criticism and the IOTA devs reacted rather defensive and accused him of a *sudden onslaught of cheap immature attacks*. Well, read the thread if you want and make up your own mind. + +* The project is very young and because it's the first DAG based crypto, the game theoretical implications of the network are still unclear and there might be yet unknown attack vectors. + +All of this might change in the future but currently that's the state of the project. I know that zero fees and scalability are very strong arguments and that's also the reason I am very interested in the project. But where the project currently stands, a $1 billion valuation seems insane to me. And I'm feeling uncomfortable when I browse /r/Iota and see the amount of people who blindly believe in the success of the project while dismissing any sort of criticism. + +Let me know what you think, is the valuation of the project justified? Do you think it is sustainable? Do you see the moon coming closer? + +Last night, a group of money writers gathered here in Dallas for a roundtable discussion of FI/RE. This is part of a documentary project that won't be finished for a year (at least). Our hope is that it helps our subculture inspire more folks to make the leap. + +Anyhow, one of the interesting topics we covered was: What is *wrong* with the FI/RE subculture? What are the drawbacks? What do we, as early retirees (or aspiring early retirees) get wrong? What are the negative parts of this community? + +I know what we talked about last night, and I have some strong feelings on the subject, but I'm curious to hear what you all have to say. + +* Do we focus too much on the four-percent rule? Not give it enough attention? +* Are we too focused on frugality? Dominated by high-income earners? +* Too judgmental of each other? Not judgmental enough? +* Does the subculture need greater diversity of opinion? Or would we be better served by stronger "leaders"? (Not that we have actual leaders.) + +I'll give you an example: I think we, as a collective, scare off newbies. We have a tendency to be technical, use jargon, and talk about things that seem impossible to the average person. We can be dogmatic. I think we'd win more people to our way of thought if we took a softer, subtler approach. It makes people defensive rather than winning them to our side. (Note that this is just an example, and I don't mean for it to become the point of discussion in the comments.) + +**In your opinion, what is wrong with FI/RE and the FI/RE subculture?** + +[Postscript: While we voiced some concerns last night, all of us had overwhelmingly positive things to say. The FI/RE subculture is fricking awesome!] +Hi all, +I've been stressing out and feeling so anxious and terrible because since purchasing my first home, I am learning that I probably paid too much for the house. I'm at the end of a 90 days long settlement period and I can't seem to get excited about moving in because of this thought. +I keep comparing my house price to others in the area with similar or more features. + +I want to stop feeling this way and just move on. It's in th past and there's nothing I can do about it. I don't want to hate the house I bought even before I move in. + +How have you dealt with past financial mistakes or bad decisions? How do you stop thinking about it and beating yourself up for it? Any advice would be great... + +Thanks! +I'm currently a bit stuck in my career with little room to grow. I'm working in the environmental field and I have a university degree, Tafe qualifications and several years experience but the lack of jobs and competitiveness make it difficult to snag the better paying jobs. I'm currently just earning over minimum wage. + +It would feel bad throwing away all of this experience and time to start a new career but the one benefit to my job is that I have a lot of free time in the afternoons. So the question is, if you had a few hours of free time each day, which area would you try to upskill in? Preferably skills that can be self taught or that are in demand. +I hear stories of rich people paying low tax. But how? + +- Massive contributions to superannuation? + +- Family trust setups? + +- Crazy deductions? What sort of deductions could an office worker make? + +Just trying to find a way to avoid copping a massive tax bill. +Just discovered that my employer doesn’t offer paid maternity leave, which feels like a punch in the gut considering my area of work is mostly female dominated. Most people I have asked have received full pay for three months but I will have to take a pay cut. + +What’s has been your experience? +Hi everyone, I bought some ETFS last month for the first time in my life. I haven’t been paid any dividends yet but I’m getting some paid this month. Do I have to include this in my tax return? Can anyone direct me to a link or guide on how to do my tax return when it comes to shares? + +I am a complete beginner, I didn’t even know what dividends were until last month. Is there any guide or resources for dummies that explains the complete basics? + +Thanks everyone + +Hi All + +I just wanted to see if anyone has bought a house and then sold it not long after? What were your reasons? + +Was it the wrong place? Wrong area? Wrong type of property (ie bought a house but realised you should have been looking at apartments). + +I have just bought a place and I am really struggling with the decision I made. Perhaps it’s just buyers remorse or anxiety because of the change but I am wondering what would happen. +Hey all, + +I work for the Australian office of an American company. + +The company got acquired and the new company has "unlimited leave" as opposed to the current accrued leave system. + +They are talking about not paying out the current leave and switching everyone to the new unlimited leave system. + +Is this legal in Australia? Do they have to pay out the unpaid leave that's been accrued by staff and then switch to the new system? Legally I mean. + +I know this isn't auslaw but it kind of fits in both subreddits. +Let’s take a step back for a second. + +Why would the hedgies or shitadel be tanking the price after such good news lately? What is their logical objective here? + +It’s not for us. I think it’s apparent that at this point, no one that gets their confirmation bias from superstonk or *insert subreddit here* is selling. Diamond hands are as strong as ever. So why the hell do they continue to tank the price? + +It’s for the other institutional or retail investor that aren’t aware of the shit show that is going on. Think about it - GME makes awesome news: getting rid of their debt, expanding business, new fulfillment center. Those are fantastic news that any retail investor wants to see. So what happens when normal folks try to invest? They see the value literally tank right after so the FUD gets to them and are probably like “well, I guess they aren’t doing as good as they say” and move on. + +Same with big institutional investors. + +Truth be told, this can only go for so long until the market and FOMO starts to kick in and see how GameStop is turning their business around. + +Tick tock. +A kidney sells for $262,000. A kidney transplant costs $400,000. One year of hemodialysis costs $72,000. + +Considering how fast MSFT is mooning, you could sell both kidneys for $524,000, buy MSFT options, become a multi-millionaire, then get a kidney transplant. Even two kidney transplants if you want to feel whole again. + +Hell, even in a post-MSFT era, you could sell both kidneys, get a kidney transplant, pay for a year of hemodialysis, and still have $52,000 left over to throw at FDs. But since you pay after the transplant and all, you could also spend the transplant and hemodialysis money and claim bankruptcy. + +Anyone know where I can sell kidneys? +Hi /r/stockmarket, Louis here again. Last month, I posted a [DD on $THCB](https://www.reddit.com/r/StockMarket/comments/l5ygd8/dd_on_thcbmicrovast_the_stars_appear_to_be/) three days before their Definitive Agreement to merge with Microvast sent the shareprice flying from $15 to $24. I'm back again today to share some of my research and speculations of Microvast and reasons why I'm expecting this to be a multi-bagger. + +**1. BlackRock:** as part of the merger, Microvast received $540m in PIPE investments, most of which came from BlackRock. In case you don't know who BlackRock is, they are the king of all investment funds with $8+ Trillion of assets under management. + +Now there are lots of companies of which BlackRock has a sizable ownership% owing to the fact that these companies are part of one index or another. For example, if BlackRock has $10 billion invested in the Russell 2000 Index, and XYZ Corp accounts for 0.1% of the index, then BlackRock "owns" $10 million of XYZ corp. + +This is *not* the case with Microvast. BlackRock thoroughly vetted the company and invested a huge sum in the company in the form of a PIPE. For a lot of people, this is enough evidence that Microvast is a solid investment. + +**2. OshKosh:** customer and strategic partner. And I want to emphasize the *customer* part. Part of the $540m PIPE came from OshKosh ($OSK), an American industrial company that builds trucks and military vehicles. They are currently working with Ford on a Next-gen Delivery Vehicle bid for a $6.5 billion contract with USPS who many are assuming is going to Workhorse $WKHS because Joe Biden mandated that the federal fleet will be replaced with American-made EVs, and Workhorse is the only contractor with a proposal that fits the bill (more on that later). + +However, OshKosh fully intends to stay in the bidding process, and they will update their NGDV proposal (currently a diesel model) with an electric model. How do I know OskKosh is still shooting for that USPS contract? Well, because their own CEO said so: "We've got a very strong, very comprehensive bid that meets all of the needs of the U.S. postal service. So I mean, repeat that we do meet all the needs of the U.S. postal service, meaning if they want under the Biden administration, more weight towards one type of propulsion than another. We're ready for that. Now we've got our fingers crossed. We believe, we've got high reliability solutions and hope to have good news at the next earnings call." + +Okay, so a OshKosh/Ford joint venture is bidding for a USPS contract. What does that have to do with THCB? Microvast sells batteries for commercial vehicles and OshKosh happens to be a *customer*, remember? But that's not all: + +**3. Ford:** USCAR (a collaboration between Ford, GM, and FCA) awarded a $1 million contract to assess Microvast's Lithium-Ion batteries. This a doubly big deal because OshKosh/Ford's NGDV will need a battery, and Ford's battery supplier for their EV trucks is: + +**4. SK Innovation,** whose EV battery business (importation, domestic production, and sale of batteries for electric vehicles) will be banned in the U.S. for 10 years by the ITC. This means that Ford will be looking for a new EV battery supplier before SK Innovation's grace period to operate in the U.S. is up. + +**5. M Stanley Whittingham,** 2019 Nobel laureate and the [Founding Father of Lithium-Ion batteries](https://en.wikipedia.org/wiki/M._Stanley_Whittingham) is joining Microvast's board of directors. I'm not shitting you. This would be like Boeing having the Wright brothers on their board of directors. + +**6**. **The "Chinese" stigma**: Microvast is often regarded as a "Chinese" company and there is a bit of investor apprehension reflected in its current share price owing to that fact. Although Microvast is headquartered in Texas, the majority of Microvast's current operations is in fact in Huzhou, China. This isn't because Microvast is a Chinese company, however, but because most of Microvast's customers are in China. This will become a thing of the past once Microvast's plants in Germany and Tennessee begin production (more on that later) + +**7. The USPS Angle:** It's highly unlikely to me that Workhorse will win a significant portion of the $6.3b contract. My money is on OshKosh/Ford winning the contract for a number of reasons: + +* Workhorse was already rejected once by USPS in 2016 during the earlier phase of the bid +* Workhorse snuck their way back into the bidding process by partnering up with VT Hackney +* The VT Hackney-Workhorse's prototype reportedly injured the USPS employee who was testing it when its [brakes failed while going downhill](https://www.benzinga.com/news/20/10/17838749/workhorse-short-seller-says-usps-bid-unlikely-to-pan-out) +* VT Hackney backed out of the partnership and sold their spot in the USPS bid to Workhorse for a small sum +* Workhorse has NEVER showed the capability to manufacture this many vehicles. Oshkosh on the other hand has manufactured thousands of vehicles and accessories for the [US](https://www.defensenews.com/land/2020/03/31/oshkosh-wins-contract-to-modernize-armys-heavy-tactical-vehicles/) [Military](https://apnews.com/press-release/business-wire/business-government-business-and-finance-government-contracts-north-america-wisconsin-6dfef293a1e74ace8d6d88f5a14ca71f) on [multiple](https://www.manufacturing.net/supply-chain/news/13067919/army-awards-oshkosh-corp-132m-contract) [occasions](https://www.reliableplant.com/Read/25106/Oshkosh-Defense-contracts-Army). +* In 2017, Workhorse's CEO boasted $300million in preorders for its W-15 pickup truck which sells for $52500. That's about 5700 trucks. Workhorse's TOTAL revenue for the subsequent 3 years are: $763K, $376K and $376K. I know Subway franchises that do more sales than that. +* If the contract does indeed go to Oshkosh/Ford, the likelihood of Microvast being the EV battery supplier is almost certain (see points #2, #3) + +**8. QuantumScape** $QS is considered by some to be one of Microvast's main competitors. Their "Solid State Battery" technology is indeed groundbreaking and arguably more advanced than anything in Microvast's current line up--if it works. According to an article on Seekingalpha, solid state batteries “will only last for 260 cycles or about 75,000 miles of aggressive driving" and are "completely unacceptable for real world field electric vehicles." There are now lawsuits filed against QS for misleading investors about its battery technology. It's worth noting that QS peaked at $130+ a share and still trades at $54 today, with a current market cap of about $20 billion. (By contrast, the merger only values Microvast at **$3** billion!) + +**9. Not 2027. Not 2025. Now.** Microvast's technology is already here and on the roads. Microvast’s batteries are integrated in almost 30,000 vehicles, running in 160 cities in 19 countries. They are generating $100m in annual revenue now, and has signed contracts with value totaling over $1.5 billion. When a major correction comes to wipe the froth off the EV market, Microvast will be just fine because they're not some story company still putting the finishing touches on their prototype. They have the tech, they have the money, they have the customers. Now. + +**10. Faster charging times.** Microvast's in-production (again, not something coming in 2025) can charge 3 times faster (\~22miles/minute) than the current leading passenger BEV (\~6miles/minutes). As a Tesla owner, I would say that one of the least enjoyable part of owning a Tesla is waiting for 30-45 minutes at the Super Charge station every three days. I would pay good money for an EV battery which can charge in 1/3 of that time. + +Bonus reason: **11. Changan Automobile,** one of the big four automakers of China, enters partnership with Microvast to manufacture batteries for their **passenger** cars. This is important because it makes them a serious contender in the passenger car battery market, which is much bigger than the market for e-bus/truck batteries. + +Bonus reason: **12. MADE IN AMERICA.** "In 2019, at the request of the U.S. Department of Energy (DOE), Microvast began the process of establishing a Li-ion battery facility in the United States. As part of the project, Microvast will renovate and expand a facility located at 780 International Blvd. in Clarksville to manufacture battery cells, modules and packs." + +The U.S. Government is practically handing a domestic EV battery monopoly to Microvast by asking them to establish operations in the states and subsequently banning one of their biggest competitors (other competition includes Tesla/Panasonic's plant in Nevada, which only supplies Teslas, and a GM/LG Chem in Ohio, which will supply GM) + +And how much is this company valued at? Only $3 billion ($2.1b if you don't count the cash they're getting from the merger.) + +Positions: 1200 warrants, 500 shares, 2 call contracts @ $30. This is not investment advice, do your own DD. + +Resources: + +Investor Presentation [http://www.microvast.com/upload/2021/02/05/16125326719819fmnxa.pdf](http://www.microvast.com/upload/2021/02/05/16125326719819fmnxa.pdf) + +USCAR: [http://www.uscar.org/guest/news/1011/News-Release-USABC-AWARDS-1-04-MILLION-BATTERY-TECHNOLOGY-ASSESSMENT-PROGRAM-CONTRACT-TO-MICROVAST-INC-](http://www.uscar.org/guest/news/1011/News-Release-USABC-AWARDS-1-04-MILLION-BATTERY-TECHNOLOGY-ASSESSMENT-PROGRAM-CONTRACT-TO-MICROVAST-INC-) + +SK Innovation (Ford's battery supplier) is banned [https://insideevs.com/news/487231/sk-innovation-batteries-banned-10-years-us/](https://insideevs.com/news/487231/sk-innovation-batteries-banned-10-years-us/) + +Lawsuit filed against Quantumscape [https://finance.yahoo.com/news/lawsuit-filed-quantumscape-corp-sued-130000776.html](https://finance.yahoo.com/news/lawsuit-filed-quantumscape-corp-sued-130000776.html) + +DOE requesting Microvast to establish facility in the U.S. [https://www.tn.gov/ecd/news/2021/2/10/governor-lee--commissioner-rolfe-announce-microvast-to-establish-manufacturing-facility-in-clarksville.html](https://www.tn.gov/ecd/news/2021/2/10/governor-lee--commissioner-rolfe-announce-microvast-to-establish-manufacturing-facility-in-clarksville.html) +Given the unpredictable nature of earning money in the arts a la the starving artist, I'd be curious to know if anyone has both struck it wealthy in a creative industry (sorry, not including entrepreneurs of the start-up variety) and approaches their finances from a lens of FIRE. This includes both artists and people on the business side of the arts. + +I'm in film production, have certainly met my fair share of wealthy artisans and producers, but have not heard much in the way of FIRE in those circles. +I have the opportunity to call it quits now with 7M or continue earning 1-1.5M annually net for the foreseeable future which I guesstimate will become 25M nw in 10 years + +I guess the perspective I'm looking for from older Fatfire's is how they would value the time between 34-44 in retrospect... As I've gotten older, every year feels more precious (and my body hurts a little more) and I'm worried I could be over optimizing for money and will regret it + +Other: +- married, have a 6 month old +- can maintain my current lifestyle at 2% withdrawal rate +- would use the time to spend more with family, friends, and start a new business or even switch careers to something new and interesting +Hi folks: + +I'm considering pitching the idea to my wife that we should split our finances up. + +My reasoning for this is that I make 2 times what my wife does and am finding that her discretionary spending is getting completely out of control... so much so that it's affecting our joint finances as a whole. It's gotten to the point where I can't properly service my business debts (I have a rental property and a side business detailing cars). We have a lot of extra money coming in but the constant spending is blowing a huge hole in our finances. + +According to my calculations we should have $1,800 a month left over to save after everything. And yet, we are in the red by about $400 a month. We cannot do this much longer. I realize that I am likely a part of the problem and was hoping that this would help to hold me accountable as well. + +I have put together a budget where our joint debts and expenses are paid out of a joint account based on percentage of income. So, for the mortgage which is $1125 a month, I pay two thirds which is $743 and she pays $383, and so on. This also includes an allotment to a savings. I've worked it out where we each pay our own cars, student loans and own unsecured debts. On paper, we should both have money left over to save and stop fighting about money. + +Has anyone else done this? How did it work out for you and what can you recommend for me? +If you've cashed out expecting the next crash and things keep going up, what do you do? + +1.) Out of FOMO, do you buy the tech stocks everyone wants that are hitting all time highs? + +2.) Do you buy the non-tech stocks that are still down considerably and have more upside when the economy restarts but will be potentially buried by a second wave/re-lockdown? + +3.) Do you resist FOMO and stay in cash waiting for that second wave/crash? + +We're in an unstable situation and the market is at it's highest valuations since the tech bubble burst. +Talk about a mix of A. Being lucky enough to stumble across Bitcoin. and B. Being smart enough (or crazy enough) to believe in it's potential. + +Cheers to the future and for (potential) growth, can't wait to see SegWit activated. +So many posts about complete newbs getting a whiff of the rally off the news and trying to buy. This is a noticeable rally, and there are various reasons for it, but it won't go on forever. Profit taking and a correction may be steep and fast or gradual and protracted but it's pretty much expected. + +Newbs will buy at this price, watch their brand new asset's value tumble and sell near the bottom locking in a sizable loss. The effects of that common scenario are very discouraging. Especially so for some of these buyers in risk-on mode going in debt to buy not having experienced months long troughs. They need to be cautioned in here, not egged on to buy buy buy. + + +This is an extension of my DD series on GME. If you haven’t read them and have time, they will provide some background on my previous predictions, some of which have already come true. In this post, I’ll share my thoughts on what I think is going on, plus some tips to manage your positions and exits. + +**TL;DR:** Shorts are in but likely want to get out. And they want to get out at the best price possible. See tips for managing positions. + +# Previous Important Posts + +* [EndGame Part 1](https://www.reddit.com/r/wallstreetbets/comments/kwb827/gme_endgame_dtc_infinity/) (DTC Infinity) covered the short positions, the float, and potential snowball impacts of increasing prices, and argued that part of the reason that shorts haven’t closed was that it was pretty much impossible for shorts to close +* [EndGame Part 2](https://www.reddit.com/r/wallstreetbets/comments/l0czgs/gme_endgame_part_2_cohen_market_cap_potential/) covered Cohen, fair market cap analysis, and potential investors, in which I talked about the amazing mid-to-long term potential for GME. +* **HEY SEC, if you’re reading please read this one** \- After the Citron tweet, I shared this [fan fiction on what looked like blatant market manipulation by shorts](https://www.reddit.com/r/wallstreetbets/comments/l1tg88/gme_how_shorts_manipulated_you_and_how_you_can_be/) on the day of the tweet, and offered some education on strengthening your position. This one got buried and is worth reading. +* [EndGame Part 3](https://www.reddit.com/r/wallstreetbets/comments/l528pz/gme_endgame_part_3_a_new_opponent_enters_the_ring/) covered the gamma squeeze, potential shady tactics by MMs, and some tips for staying safe. + +# What’s happening with the price? + +### We’re still gamma squeezing + +Many media outlets are reporting this as a “short squeeze”. They’re only partially right, as [if Melvin isn’t lying they’ve already been squeezed out](https://markets.businessinsider.com/news/stocks/gamestop-stock-short-sellers-melvin-capital-citron-surrender-bets-gme-2021-1-1030010382). + +However, the reality is so far we’ve been Gamma squeezing - repeatedly - and some shorts have been casualties along the way. + +See [this post](https://www.reddit.com/r/wallstreetbets/comments/l2t9bf/gme_i_think_this_is_a_gamma_squeeze_where_dealers/) for a deeper explanation, but the essence of it is that market-makers have to buy shares to hedge the calls they sell. The more calls people buy, the more shares they MMs have to hedge with. As I explained in [part 1](https://www.reddit.com/r/wallstreetbets/comments/kwb827/gme_endgame_dtc_infinity/), GME has ultra low liquidity, i.e. there’s **waaaay fewer actively traded shares than what shorts need to buy to cover with**, and then when you get lots of people buying calls and shares in the hot new stock it just **removes more availability** from the market. + +As a result, when MMs buy shares to hedge, it moves the price of the underlying up. Combine that with the buying pressure of people piling into a stock climbing 100% a day, shorts getting liquidated, and it’s a perfect storm. + +Today, GME closed at $347 (before the after market selloff, but i’ll get to that soon). + +320 calls were added yesterday. Similarly, when 115cs were added we squeezed to >115 in two days. Same story with 60c’s etc. + +Remember this commentary from [EndGame part 3](https://www.reddit.com/r/wallstreetbets/comments/l528pz/gme_endgame_part_3_a_new_opponent_enters_the_ring/) on Friday’s price action: + +*Notice how the stock dropped from a high of $75 on Friday to below 60 - the highest expiring SP for the 1/22 options, and* ***stayed tight in range for the rest of the day****. Now, for compliance reasons, MM are required to be neutral by EOD, so 20 minutes before close, MMs had to buy back all their short positions, which led to the strong close above 60.* + +*All this led me to believe that the* ***real fair market price for GME was above $65.*** *Without the market makers interference, GME would have closed higher.* + +Now, what happened today? We opened at **$351, more than double the previous close of $145** and after the morning profit taking, we squeezed to a **high of $372** as MMs furiously tried to hedge the 320 calls they sold you the day before for peanuts. + +See, the thing is, [Kenny G](https://en.wikipedia.org/wiki/Kenneth_C._Griffin) doesn’t like to lose money. The magical method Citadel’s market makers make money, is that they sell you call giving you the right to buy shares at a certain price, say $320, for the nice price of $10/share (for example). Now, as long as Citadel’s MMs can buy all the shares they have to give to you for less than $320, that $10 is free money. However, when the underlying moves too fast, the MMs have to buy shares for more than $320, and **Kenny G does not like that.** + +Today was a shock to the MMs that sold all the 320cs yesterday. A ***six-sigma event after a six-sigma event after a six-sigma event***. Yet again, within days (a day?) of offering new, higher strikes - **every call option ever sold was in the money, before they had a chance to adequately hedge.** + +&#x200B; + +https://preview.redd.it/cq5wy45433e61.png?width=936&format=png&auto=webp&s=0c75a1e1a6e3808b54bafc646e2e6a7f29ca7cc3 + +So, just as on Friday, if the price got too high above **$320**, market makers dug into their bag of tricks to start selling it off. (People taking profits here helped too.) However, multiple times, when GME went **below $300**, MMs took their opportunity to hedge the 1/29 calls. So, just as before, *we traded in a tight range around the highest strike.* + +My conclusion from this action the first time was that **GME’s fair price was being actively suppressed**, and **it proceeded to 5x** in the next few days. There’s a possibility we’re in a replay and will see more upward movement on delta hedging alone. + +The point of this is: I think shorts are feeling the squeeze, for sure, reporting [massive mark-to-market losses**.** ](https://markets.businessinsider.com/news/stocks/gamestop-short-sellers-squeezed-losses-reddit-traders-army-cohen-palihapitiya-2021-1-1030006226) **But I believe the shorts are still in.** + +### Shorts are still in + +As of Wednesday morning, Ortex was estimating a **short interest of 65M shares**, down from 71M shares the day before. + +&#x200B; + +https://preview.redd.it/ze8wx15633e61.png?width=932&format=png&auto=webp&s=7a034dbb3c54509c6267f20c4122ecdf3f6cf4bc + +If you’ve read my Part 1 ([DTC Infinity](https://www.reddit.com/r/wallstreetbets/comments/kwb827/gme_endgame_dtc_infinity/)), you’ll hopefully recall my thesis that there are actually less than **24M** shares available, and therefore that it would be nigh impossible for shorts to close. Since then a slew of new investors have piled in to **buy and hold** GME, from little guys like us to big-ass-whales like [Blackrock](https://www.sec.gov/Archives/edgar/data/1326380/000083423721001340/us36467w1099_012621.txt) **increasing their holdings to** **13% of GME.** + +So what? I think the available shares for shorts to buy **are down to under 20M, and they have to buy 65M shares to close**. *Shorts have barely begun to cover.* We’ve only been increasing the cost of their exits! + +Now, let’s talk about Melvin Capital. I loved watching Chamath defend retail investors and argue against the institutional leveraged shorting that got us here in the first place, but I also learned something interesting that helped me understand how the 140% short interest had in the first place, and how the unwinding may go. + +At [2:10 Chamath says](https://youtu.be/DYZHtF-tV0k?t=135) “*Gabe Plotkin is one of the giants of our era, but at the end of the day, what happens is that his trades are copied by umpteen other hedge funds that follow along* ” + +This tells me 2 things: + +* A lot of hedge funds (likely [Maplelane](https://www.bloomberg.com/news/articles/2021-01-27/hedge-fund-maplelane-loses-about-33-on-short-bets-this-month), [D1](https://www.bloomberg.com/news/articles/2021-01-28/dan-sundheim-s-20-billion-d1-capital-loses-about-20-this-month), [Viking](https://en.wikipedia.org/wiki/Viking_Global_Investors), [Point72](https://www.nytimes.com/2021/01/27/business/point72-gamestop.html), and more) followed each other into this short. Much like retards like us get behind good DD shared in the open, these institutional retards got together with their cigars and golf clubs behind closed doors and decided together to go in together against GME. +* If Melvin is really out, it’s unlikely the other funds are going to want to stay in, lest they be compared poorly to Melvin if GME continues to go against them. **The other shorts want out.** + +Chamath also tells us that prime brokers (the brokers that hedge funds use) are seeing [**“the biggest 4-day degrossing from hedge funds they’ve ever seen”.**](https://twitter.com/chamath/status/1354646282678149127?s=21) + +**Again, the problem is - there just aren’t enough shares.** Shorts have dug themselves a massive grave by shorting more shares in existence and continuing to short while Cohen grabbed up 9M shares, institutions added to their positions, and retail traders piled in. + +For [**boomers like this tard**](https://www.youtube.com/watch?v=wgYZk9Mc804) that can’t understand why the price is so high - go back to Econ 101, supply and demand bitch. + +# It’s costing shorts incredible $ to hold their positions + +Here’s all the ways shorts are losing money. + +* They pay borrow fees to loan the stock. At one point today, the GME stock borrow fee [hit 250%](https://twitter.com/zerohedge/status/1354646088221913089) for new borrows. At $300/share that’s $2/day. That doesn’t sound like much right? What if you shorted at $50? +* The short position on GME has ballooned to **$25BN from a low of $1B.** *The borrow fees are applied to the latest closing price, not the price you shorted at.* +* Funds are paying **interest fees on the margin they are using for the short** +* And oh yeah, GME’s up like 800% in 5 days. + +# Dirty tactics continue + +At this point, I think “THEY” have figured out that gamma squeezes are absolutely destroying hedge funds. So what do they do? + +* **THE BIGGEST DIRTIEST TACTIC OF ALL - they only allow you to sell, not buy. HEY SEC, WHY ARE SHORTS STILL ALLOWED TO SHORT WHEN LONGS ARE NOT ALLOWED TO BUY. WHY ARE INSTITUTIONS ALLOWED TO COLLUDE?** + * **This is insane. Funds, prime brokerages, and market makers all stood to lose money so they disabled trading of GME due to "volatility". Citadel invests in Melvin capital. Then brokerages shut down buying!** +* Brokerages down +* Options not loading +* Restrict retail trading on GME + * **I’m seeing reports that retail buyers not allowed to hold more than 100 GME options now** + * &#x200B; + +https://preview.redd.it/is4qn8n733e61.png?width=512&format=png&auto=webp&s=741f80fc182e27584954691ebb581ffee15f86ef + +* This is a direct defense against more gamma squeezes and an **attack on retail investors, giving institutions a distinct advantage.** +* **HEY Shortsellers Enrichment Corporation** \- how is it ok for [Citron to buy thousands of puts minutes before their tweet](https://www.reddit.com/r/wallstreetbets/comments/l1tg88/gme_how_shorts_manipulated_you_and_how_you_can_be/) and how is it ok for prime brokers to give hedge funds 10-100x leverage, but the little guys can’t have more than 100 options total? + * Personally, I don’t really do 100s of options all at once but now I really want to. Fuck this. +* More short ladder attacks. Look at after-hours trading on GME - a rapid short ladder attack during low-volume trading in order to bring the price down. +* **If you use stop losses on GME and leave them on, you will get stop-loss hunted.** + +&#x200B; + +Ripple effects of the squeeze + +* These hedge funds that are short GME, are also short other equities like BBBY, AMC, etc. +* These hedge funds are also long other shares with leverage, so the ONLY way they’re staying alive and not covering their shorts, is that they’re **reducing their long leverage. This means selloffs in the broader market** as they have to shore up their margin requirements against the massive short squeezes in their portfolios. + +# I believe we’re at a tipping point + +* I don’t believe shorts have really covered yet. They have defended by getting capital infusions and reducing their long leverage. I.e. they have begun liquidating long positions. +* If GME climbs more, they will be **forced to cover and liquidate.** + +# Things to be careful about + +As you can see, this is no easy win. In addition to the [suggestions I wrote about in this post](https://www.reddit.com/r/wallstreetbets/comments/l1tg88/gme_how_shorts_manipulated_you_and_how_you_can_be/), here’s some things to be careful about. + +* **There are threats to halt trading. Shares are safe, they do not expire. Calls can be destroyed by tactics like buying halts.** +* **Be careful about swapping ITM calls for OTM calls:** it can be tempting to trade-up your options for higher return, but be mindful of the delta impact. You may actually be driving the sale of shares by MMs when you don’t mean to. For example, if you sell a .5 delta call for 2 .2 delta calls, that’s net reduction of 10 shares that MMs have to hold long as leverage. +* **Be careful about being short any calls this week:** Not only do you limit your upside (which is dumb in the prospect of a squeeze), you could end up in a nightmare scenario. A call that ends OTM on Friday could end up ITM after hours if you didn’t sell it, and you may get assigned while the underlying continues to go up. **Close spreads if your short legs are deep ITM** unless you want to risk early assignment and high hard-to-borrow fees. +* **There are a few other dirty tactics shorts can play.** I’m not specifically going to share them here because I don’t want to give the ideas circulation, but + * **Choose your own limit sells based on personal sell points.** Don’t copy others and don’t try to be memey. Make your own decisions. + * **Stop sharing your positions publicly.** I know this is anti-wsb, and I think sharing them is great for this community, but in the case of GME it’s an **attack vector** for you. +* **Be careful of holding weeklies until expiration.** Remember the multiple trading halts? What if trading gets halted on Friday at 2pm and doesn’t resume for the rest of the day? **All your 1/29 calls would expire worthless. Depending on your broker and your cash positions, maybe even your ITM ones.** Roll (or sell, if you’re taking profits) your weeklies well before expiration. +* **Be careful about buying on margin.** Brokers are rapidly increasing margins. If you bought on margin with 2:1 leverage, and the stock went up 100%, you’d be in margin call even without a margin change. If the broker moves margin against you, you’ll get to margin call faster. +* **Don’t bet more than you can afford to lose.** I’ve been in GME long enough to know that just when you think going up is a sure thing (remember last Monday with the short sale restriction?), you can be surprised by a new trick. If you bet it all on weeklies all at once, you may not be able to recover from being wrong on the timing. Consider longer expiry or spreading your purchases out. I’ve held through multiple 30-40% drawdowns in the underlying; and **held through a 50% drawdown today**, so you need to be ready for the volatility. +* **Watch out for stop loss hunts.** It’s common practice for shorts to hunt for stop losses for cheap shares. If you’ve set a stop loss, be really sure about it. +* **Don’t sell on dips.** You’re only helping the shorts. If you need to sell to take profits, sell when it’s heading up. Sell high, not low retards. +* **Save dry powder to buy on dips.** Dips manufactured by shorts are buying opportunities. Take advantage of folks with paper hands to capture shares at low points. GME has incredible daily volatility. Set a low limit buy and just wait for the order to fill. Have patience when buying. + +This is not financial advice; do your own DD. I’m holding over $1M in shares and calls. **I AM NOT SELLING WHEN THE BUYING MARKET HAS BEEN REMOVED. YOU ARE BOUND TO NOT GET A FAIR MARKET PRICE.** + +**Update** New ortex data shows 51M short interest. So the covering has begun. + +**Update 2:** what you are seeing in the price drops is likely the gamma squeeze in reverse. People are rightly selling their short term calls, so MMs are selling shares they bought to hedge. That drives the price down, which then causes more de-hedging. This is all a manufactured selloff by elimination of ability of people to buy the equity and should absolutely be investigated. It's very likely the big boys knew the buying restriction was coming and started the selloff last night. + +**Update 3:** getting angrier by the minute. Reviewing the volume and price action and shorts bought in volume at the absolute bottom. This mothefucker, Steve Cohen, who bailed out Melvin and previously accused of insider trading is now GLOATING after this blatant trick https://twitter.com/StevenACohen2/status/1354864321134735360?s=09 +It seems to me, the first hour, especially the first 15-20 mins of market open is the easiest to follow the trend to scalp. The rest of the day seems like such a crap shoot because I never know in advance if the entire day will trend in one direction or if the stock I'm watching will keep moving sideways in consolidation. I've lost a lot of money day trading beyond the first hour. So I tend to just trade the first 20 mins and call it a day. I would like to trade longer but I don't like getting chopped up and losing money. Does anyone understand how to look for signs that any particular stock is in the mood to trend the entire day? +So lets say I have a CC on a very High IV stock thats currently hovering around 180. There is this rumor the stock might “go to the moon” as the kids say these days. So if this stock does singly and impulsively rocket up, what is to stop me from closing out my long shares at the top but keep the calls naked for the fall back to earth? I suppose I would be risking an even higher bounce but if i entered into another long order at the dip I would be covered. Whats wrong with this plan? +Hypothetically speaking of course, but say there was a news organization that was considering picking up the story of the DTCC committing international and domestic securities fraud. + +How would you organize information to present to them, or how would you concisely explain it to them in a way that they can easily digest? + +You can't just point them to[ our library.](https://fliphtml5.com/bookcase/kosyg) It's too overwhelming. + +There needs to be a one paragraph summary of exactly what's going on. + +There needs to be one paragraph explaining why this is illegal. + +There needs to be one paragraph explaining why the DTCC would have motive to do this. + +There needs to be substantial evidence provided to substantiate every claim made. + +It needs to be concise and professional. It needs to be to the point and easy to understand. + +It needs to remain on topic and be serious. + +I am not saying that any particular news organization may be reviewing this post, but please be on your best behavior. + +You know what to do. + +Lets get this story out. + +(Edit: Any comments linking single sources of evidence are welcome.) +Hi, before you get your pitchforks out please let me elaborate. + +Let me take you back to freshman economics and reteach you guys about a simple thing called supply and demand. Supply and Demand determine the price of things, we can look at how these prices are determined below: + + +Supply goes up, demand goes up, **Price depends on other factors** + +Supply goes up, demand goes down, **Price goes Down** + +Supply goes down, demand goes up, **Price goes Up** + +Supply goes down, demand goes down, **Price depends on other factors** + +We only need to focus on one of these 4, **Supply goes down, demand goes up, Price goes Up**. When this thing pops it's going to POP, I'm talking numbers no one will ever have anticipated, now let's peel back the skin and dive into this. Once this stock starts to reach into the $1,000s, paperhands, doubters, and all the people that didn't know about this are going to severely wish they had every single one of your shares, the demand for the shares that you hold will just keep going up and up and up as the hedgies get that sweet sweet margin call, and the price continues to skyrocket. The hedgies will want your shares, retailers will want your shares, anyone with a dream of getting rich quickly will want your shares, and every single person I know has a dream of being rich fast with no effort. If supply goes down severely, which it 100% will, and the demand for the shares is insane (Margin call), the price will go into the Kuiper belt. No guys I don't think you still understand, this is the equivalent to having bitcoin in 2013, the equivalent to going all-in on Leicester City vs Manchester City. This is absolutely huge, and the numbers that those people won are nothing compared to what you are about to win. + +The Demand for this stock is only going to rise and eventually, we will hit that 10,000,000 floor (start writing big numbers like this btw). But the way that I see this is, this 10,000,000 floor is a simple form of **PRICE ANCHORING**. People are throwing this number out like they actually have intentions to sell during the MOASS. **THE MOASS HAS THE POSSIBILITY TO BE AN INFINITY SQUEEZE**. It's simple, they owe more than 100% of the float, you name your price, seriously. Guys, you are going to soon have the most wanted thing on the planet in your possession, **EVERYONE** will wish they were you with your shares. Why on God's green earth would you ever sell something that is only going to continue to rise in price, it's your personal hedge against inflation. You just have to sit there and the price will keep rising, no actually, you literally have to do **NOTHING** and these shares will rise in price. If someone came to you and told you that you have to do nothing to get rich, you would think they are crazy, well here I am telling you that you have to do nothing to get rich. Do you think I'm crazy? + +**tldr: 10,000,000 floor is price anchoring. Demand is going to be insane and infinity squeeze is a possibility. Whatever price you want, you can name it.** + +EDIT 1: I mistakenly forgot to mention that constantly throwing around a 10,000,000 number may confuse some people into thinking that 10,000,000 is a **CEILING** and not a **FLOOR**, that's what I'm scared about, its ok to have a floor, but I'm sure some people are considering that as a ceiling. + +not financial advice of course, i can even tie my shoes what makes you think i can give financial advice + +Do you see what I see?: + +* Gherk’s personal view on DRS - unchanged for many months + +* Gherk’s channel is monetised - unchanged for most of this year + +* Gherk releases DD in November that includes how options could trigger MOASS .... + +Since his DD was released: OmG hE iS moNEtiSed aNd wONT drS HiS sHaREs hE Is a sHilL + + +Gherk has been a constant contributor to this community and is suddenly being attacked by a small but ***very very vocal group*** of users on this sub ***on the basis of points that have been well known —- and publicly and loudly acknowledged by himself —- for a long period of time***. + +The only change Gherk has made is his new DD. He is clearly onto something with his new DD. + +Leveraged retail via options are a significant threat to hedgies. + +Edit: typo +Jumia was an interesting stock back in 2020/2021, seemed like everyone was talking about it in the bull market. After seeing success stories like Mercado Libre and Sea Limited I couldn’t help but buy a few shares of Jumia around $20. The problem is that you sort of have to believe in the African growth story for the thesis to work out long term. + +It seems like Africa lacks the infrastructure to handle logistics, like there are not even street addresses in some areas of Africa. Many countries have weaker financial institutions including a large unbanked population without checking accounts. And the internet penetration rates can be really low in some countries. + +I feel like at certain inflection point of development in emerging markets there will most likely not be a country or region that will be an exception to increasing e-commerce adoption. But even though Jumia as a first mover advantage, I’m not sure if they’ll be the company to revolutionize e-commerce in Africa if wide e-commerce adoption is even possible in Africa at the moment. + +Do we think that the bull thesis is still intact for Jumia. Or is it a sell? +I recently started investing in some metals specifically on copper. With the need for renewable energy, it is expected that the demand for it will continue to increase in the next few years. Because of this, I am contemplating if it is a smart idea to invest in smaller mining companies in the next months. + +The demand for renewable energy will require technologies that can be quite mineral-intensive and will need a stable supply of copper. While bigger companies continue to produce massive amounts of copper, junior mining companies, especially those that show potential, have good drilling results, or already started production will be expected to also contribute so that the supply meets the demand. + +I’m thinking of investing in some, since I believe that in the coming years, these juniors that weren’t expected to be a supply source will be considered as important contributors in the copper supply. + +For instance, [Three Valley Copper](https://www.threevalleycopper.com/) ([TVC.V](https://finance.yahoo.com/quote/tvc.v/)) is producing high grade copper, which is coming from their mine in Chile. The company is at the forefront of mining extraction and production of pure copper in the country, and other major producers of 99.99% pure copper are likely going to be some of the companies to watch in the near future. They recently announced an upsize when a deal was increased to $16 million due to investor demand. + +Looking into [Copper Mountain Mining](https://cumtn.com/) ([CMMC](https://www.google.com/finance/quote/CMMC:TSE)), they have a pretty healthy balance sheet. They recently reported positive drill results at their Cameron Copper Project in Australia, where three large mineralized zones are identified. They are currently producing 100 million pounds of copper equivalent per year, and are expected to produce 139 million pounds of copper because of their mill expansion and integration of New Ingerbelle. + +I already invested in some bigger mining companies but I want to take my chances on some juniors, thinking that they might be worth the risk seeing how they are performing and how the demand for copper is expected to double in the coming years or decades. +# The Greeks + +The “Greeks” are a series of factors that help options traders understand and predict what will happen to the price of an option. It’s worth understanding what factors impact price movements. As usual, I’ll try to breakdown the basics. This post is meant for beginners, not experienced options traders. + +# Delta + +**Delta** – Measures the rate of change of an options premium based on the directional movement of the underlying asset. + +>When the price of the underlying asset increases, the options price does too. + +The Delta of an option helps traders predict and understand by how many points the option premium will change for every 1-point change in price of the underlying asset. + +Delta can be either positive or negative depending on the option type. Delta can also be used as an approximation of probability that an option will end up at least $0.01 in-the-money (profitable) at expiration. + +* **Call Options have a positive delta**, between 0 and 1 (or 0 to 100). +* **Put Options have a negative delta**, between 0 and -1. (-100 to 0). + +# Gamma: + +As we learned, the Delta of an option is a **variable**. It changes each time the **premium** or **price** of an underlying asset **moves**. The Gamma of an option **measures the rate of change of the options delta.** + +Gamma is the **change in delta** caused by **every 1-point change in price of the underlying asset.** Much like delta, gamma is a variable, effected by even the smallest movements. + +The gamma’s range depends on how “in the money” an option is. + +* The more **in the money**, or **out of the money** the option is, the **lower** the gamma. +* The closer the option is to being **at the money**, **the** higher the gamma. + +# Calculating New Options Price + +Thanks to /u/MichaelBurryScott I know have a better understanding of the methodology behind calculating new option price using delta and gamma. + +Since delta is a derivative of an option and it changes through gamma you can only use it to estimate options pricing with small price moves in the underlying asset, a few points at most. + +To calculate larger moves, you need to combine the delta and gamma effect. + +You can use the equations of motion with constant acceleration where delta is your speed, gamma is your acceleration, the options price is your distance and time being the underlying assets price. + +>New Option Price = Old Option Price + Delta \* Underlying Asset Change + 0.5 \* Gamma \* (Underlying Asset Change)**^(2)** + +# Call Options: + +The delta of call options is positive and ranges from 1 to 0 (100 to 0). **When the price of the underlying asset increases, the option price increases.** + +**Example 1:** AMD’s current share price is $80. You look at a call option with a: + +* $95 strike price +* $10 premium +* Delta = 0.3 +* Gamma = 0.0025 +* The price of the underlying asset increases to $120, resulting in a 40-point change. + +>New Options Price = 10 + 0.3 \* 40 + 0.5 \* 0.0025 \* (40)**^(2)** **= $24** + +**Example 2:** AMD’s current share price is $85. You look at a call option with a: + +* $95 strike price +* $10 premium +* Delta = 0.3 +* Gamma = 0.0025 +* The price of the underlying asset decreases to $65, resulting in a -20-point change. + +>New Options Price = 10 + 0.3 \* -20 + 0.5 \* 0.0025 \* (-20)**^(2)** **= $4.5** + +# Put Options: + +The delta of put options is negative and ranges from -1 to 0 (-100 to 0). When the **price of the underlying asset increases, the option price decreases.** + +**Example 1:** AMD’s current share price is $85. You look at a put option with a: + +* $95 strike price +* $10 premium +* Delta = -0.3 +* Gamma = 0.0025 +* The price of the underlying asset decreases to $60, resulting in a -25-point change. + +>New Options Price = 10 + -0.3 \* -25 + 0.5 \* 0.0025 \* (-25)**^(2)** **= $18.28** + +**Example 2:** AMD’s current share price is $85. You look at a put option with a: + +* $95 strike price +* $10 premium +* Delta = -0.3 +* Gamma = 0.0025 +* The price of the underlying asset increases to $110, resulting in a 25-point change. + +>New Options Price = 10 + -0.3 \* 25 + 0.5 \* 0.0025 \* (25)**^(2)** **= $3.28** +# The Greeks + +The “Greeks” are a series of factors that help options traders understand and predict what will happen to the price of an option. It’s worth understanding what factors impact price movements. As usual, I’ll try to breakdown the basics. This post is meant for beginners, not experienced options traders. + +# Delta + +**Delta** – Measures the rate of change of an options premium based on the directional movement of the underlying asset. + +>When the price of the underlying asset increases, the options price does too. + +The Delta of an option helps traders predict and understand by how many points the option premium will change for every 1-point change in price of the underlying asset. + +Delta can be either positive or negative depending on the option type. Delta can also be used as an approximation of probability that an option will end up at least $0.01 in-the-money (profitable) at expiration. + +* **Call Options have a positive delta**, between 0 and 1 (or 0 to 100). +* **Put Options have a negative delta**, between 0 and -1. (-100 to 0). + +# Gamma: + +As we learned, the Delta of an option is a **variable**. It changes each time the **premium** or **price** of an underlying asset **moves**. The Gamma of an option **measures the rate of change of the options delta.** + +Gamma is the **change in delta** caused by **every 1-point change in price of the underlying asset.** Much like delta, gamma is a variable, effected by even the smallest movements. + +The gamma’s range depends on how “in the money” an option is. + +* The more **in the money**, or **out of the money** the option is, the **lower** the gamma. +* The closer the option is to being **at the money**, **the** higher the gamma. + +# Calculating New Options Price + +Thanks to /u/MichaelBurryScott I know have a better understanding of the methodology behind calculating new option price using delta and gamma. + +Since delta is a derivative of an option and it changes through gamma you can only use it to estimate options pricing with small price moves in the underlying asset, a few points at most. + +To calculate larger moves, you need to combine the delta and gamma effect. + +You can use the equations of motion with constant acceleration where delta is your speed, gamma is your acceleration, the options price is your distance and time being the underlying assets price. + +>New Option Price = Old Option Price + Delta \* Underlying Asset Change + 0.5 \* Gamma \* (Underlying Asset Change)**^(2)** + +# Call Options: + +The delta of call options is positive and ranges from 1 to 0 (100 to 0). **When the price of the underlying asset increases, the option price increases.** + +**Example 1:** AMD’s current share price is $80. You look at a call option with a: + +* $95 strike price +* $10 premium +* Delta = 0.3 +* Gamma = 0.0025 +* The price of the underlying asset increases to $120, resulting in a 40-point change. + +>New Options Price = 10 + 0.3 \* 40 + 0.5 \* 0.0025 \* (40)**^(2)** **= $24** + +**Example 2:** AMD’s current share price is $85. You look at a call option with a: + +* $95 strike price +* $10 premium +* Delta = 0.3 +* Gamma = 0.0025 +* The price of the underlying asset decreases to $65, resulting in a -20-point change. + +>New Options Price = 10 + 0.3 \* -20 + 0.5 \* 0.0025 \* (-20)**^(2)** **= $4.5** + +# Put Options: + +The delta of put options is negative and ranges from -1 to 0 (-100 to 0). When the **price of the underlying asset increases, the option price decreases.** + +**Example 1:** AMD’s current share price is $85. You look at a put option with a: + +* $95 strike price +* $10 premium +* Delta = -0.3 +* Gamma = 0.0025 +* The price of the underlying asset decreases to $60, resulting in a -25-point change. + +>New Options Price = 10 + -0.3 \* -25 + 0.5 \* 0.0025 \* (-25)**^(2)** **= $18.28** + +**Example 2:** AMD’s current share price is $85. You look at a put option with a: + +* $95 strike price +* $10 premium +* Delta = -0.3 +* Gamma = 0.0025 +* The price of the underlying asset increases to $110, resulting in a 25-point change. + +>New Options Price = 10 + -0.3 \* 25 + 0.5 \* 0.0025 \* (25)**^(2)** **= $3.28** +The front page of Bloomberg has 5 articles about the short squeezes we are inducing, including an article titled "Market Manipulation Is Like Pornography: You Know It When You See It" because we are fucking the shorts. + +&#x200B; + +CNBC's front page has more articles about us, and are trying to spread fear with an article titled "it will take a stream of buyers to keep GME and AMC going." + +&#x200B; + +Wall street journal calls us "barbarians at the gate". + +&#x200B; + +Every bit of financial media is reporting on us. They are scared - nay, terrified. They know they are going to be bitch slapped by the strongest, hardest pair of diamond hands. They know it's not over and that the squeeze has not yet squoze. I smell blood in the water. Buy and hold, fellow retards. Keep the onslaught coming and they will collapse. + +&#x200B; + +GME 69000 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +I'm not involved in Celsius in any way. I had no funds nor did I particularly care about them either way. I thought perhaps some of the things they were doing may have been too good to be true, but my decision to stay away was more out of laziness than anything else. However, their presence across crypto was enormous, so I have been following their collapse over the last few weeks. + +Yet despite FTX walking away from a buyout, Three Arrows Capital filing for bankruptcy, the LUNA collapse, a massive FUD campaign with facts and false stories, they might be about to navigate an escape. + +3AC seems to be the real perpetrator here - they borrowed heavily from Genesis, Voyager, Celsius, BlockFi, Babel and Deribit. They absolutely degened their way through the bull market and exposed the risk of the lenders. + +I'm unsure where they are getting the funding from, but in the last day or two, Celsius has repaid more than $60m worth of their own Bitcoin loan. This has brought the liquidation price down to less than $5k. The liquidation price was $22k only a few weeks ago. To bring it down this much is an absolute massive effort, and I believe that is an effort worthy of respecting - even if you're not involved in Celsius like me. + +&#x200B; + +[ ](https://preview.redd.it/vsx955f0pv991.jpg?width=922&format=pjpg&auto=webp&s=486314a1b9d5ff9aacdb9678cca4546abd5387b9) + +&#x200B; + +I'm not about to start trusting them, and storing my own coins for a small APY, but if they can get out of this, I hope they will have learned their lessons for the future. +I know most of you maybe be aware of this already but sadly i have some friends who believe their $100-200 dollar investments will make them future millionaires when realistically that probably won't happen. Were all going to make money but unfortunately you have to have money already to make those huge bags. Even if ethereum were to hit 5k or 10k by the end of this year, if you only invested $100-200 you won't be seeing a lambo or even a new car. It makes me sad but its the kinda truth when people say you have to have money to make money. Regardless I'm still going to keep investing and whatver i make im still going to make be happy about. +I'm not all that great at being an adult tbh and the idea makes me nervous but id like to buy land. + + The properties I've been looking at run roughly 15k give or take. More with a home of course. I have no money but was thinking of saving with a low paying job. However since I am a Texas vet the state pays for 150 college credit hours. I owe 2k back pay on my Montgomery GI bill to use it again. + + **Would it be a bad idea to try to get and keep student loans plus saved money to buy land?** I would try the VA home loan but no way I can get that working a near minimum wage job. Do I have any other options? Basically I want to do online/transfer school and I'm tired of paying $1000 in bills to live in a place I hate. I can work at wal-marts anywhere. I just want to do it cheaper and where id like to be. +I got into crypto last year just after the crash on a whim and obviously it’s gone quite well. I frequently talk about crypto to my family and my youngest brother (13) has started looking at past graphs and prices. I never encouraged this, I don’t believe in shilling any investment to anyone at any age. Anyways he did his research and here’s his conclusion: I’m stupid for not buying in 2010. + +I agree, but I was also only 11 back then. + +Anyways, given his initiative I’ve got 0.001 BTC set aside for him. It isn’t much but I owed him a tenner for something petty a few months back and gave him the choice between cash or Bitcoin and he choose bitcoin. This morning I updated him on his crypto and he told me I’ve got to hold on to it till he’s 18 at least. This kid knows what’s up. + +I felt really great about my crypto story but tbh his will be better. Even though he’s young he’s got a foot in the game. I just wish someone has done this for me back then lol. +Interestingly enough, a lot of people on this sub seem to be *less* interested in RE than what I see IRL. People constantly talking about wanting to buy property. My father was the one who made it *very* clear to me that I need to start investing as early as I reasonably can; I owe him for getting a strong start saving right out of college rather than waiting until my late 20s or 30s. Yet he pushed RE. + +You see things like "stop throwing your money away by renting." + +My point is that despite some people swearing by RE, it seems to break a lot of my personal rules for investing: + +* Diversification - don't tie up too much of your NW in one asset. Yet, unless you have a huge amount of money already, even one property is going to invest a significant % of your NW + +* Don't try timing the market - with periodic investment, you keep investing whether the market is up, down, or around. When you buy RE, you are making a big investment all at once. Timing is hugely important when you make such a large purchase. Aside from diversifying *across* investments, periodic investing allows you to get temporal diversity. When you buy RE, not only are you invested in one (or maybe a few) properties, but also at a specific *time*. And yet few of us are experts at being able to properly time the market. + +* Don't invest with money you cannot afford to lose - I would consider money that you have borrowed to be money that you cannot afford to lose. I understand that leverage can amplify gains, but it can also amplify losses. It is not something to be taken lightly. + +* Illiquidity - 401Ks and IRAs are illiquid as far as taking money out of the account, though individual assets within the accounts are liquid and can be exchanged for other assets as long as it remains in the account + +* Carrying costs - I try to minimize "fees" when buying mutual funds, ETFs, and other asset classes. RE has high fees, in the form of insurance, taxes (just for holding the property), maintenance, etc. + +* Lack of physical portability / geographically anchored - I like my assets to be able to go with me, no matter where I am +Keen to hear from those who have been through redundancy before. Did you receive a good sized payout? Did you reach out to a financial planner for assistance? Looking back at your experience, was it a good thing or bad thing? + +It's currently a possibility for me, and I'm unsure what to think about it, or how to approach it. On the positive side, I've been at my employer for many years, so presumably would receive a handy payout figure. *(On the negative side, I feel I don't have the confidence in myself to land another role - IT Manager, but that's more my fear of the unknown and not a financial thing).* + +I know its a part of corporate life these days, so just trying to prepare & condition myself mentally for the journey. Tips & advice welcome. +Hi all - I’ve made a post in the mega thread but I was looking for a little more updated advice. I’ve been offered a customer service role with Macquarie (around 50k per year) and was wondering whether to take it or look for something better. I graduate in May with commerce (economics) at unsw with a distinction WAM, but I haven’t done any vacationer roles or internships, and have little to no society experience. I’ve applied to a few (less than 10) graduate programs and I’ve progressed in none of them. Am I even in a position to do better than this? +Due to recent events, it is with a heavy heart that I must inform you that I am resigning as a moderator on r/wallstreetbets. + +I would like to write this as my final post and clarify my side of the story. But first, a little about me: + +At the age of 16 I joined the French Foreign Legion (FFL). Throughout my time in the FFL, I served in many theaters and battles. One in particular, the Battle of North Sentinel Island, I was captured by Yakuza operatives and became a prisoner of war. I managed to escape and was awarded the Buerre de Cacahuètes au Poisson distinction for heroism ([pictured](https://preview.redd.it/eyindthb0bc71.png?width=577&format=png&auto=webp&s=0bcdcc7fedbb3941f632e66274d67144e3c69b4b)), the highest honor one can receive in the FFL. I never wanted to be a hero. Alas, we cannot choose our own fate. After my discharge from the FFL, I was recruited by the Canadian government as a contractor to head their electronic surveillance unit mainly focused on their efforts to topple the Canadian Eco-terrorist Organization known as the Castor en Colere Liberation Front. I served honorably alongside u/opinion_is_unpopular. We shared many nights in the tundra huddled by the campfire in our beaver skin tunics sharing war stories over bowls of poutine, as is tradition. Despite all of the wonderful things I have personally done single-handedly to improve the world, I pride myself on being a humble man. Currently, I am an entrepreneur and run 4 businesses. DM me for my ETSY link. What does any of this have to do with moderating you ask? Well, nothing. + +The actions of the past week are inexcusable. I must apologize to the community for allowing myself to be honey-potted by u/memetron9000. What started off as friendly banter on our side project r/RunicCocksElite, quickly evolved into much more. It got pretty serious, as we would discuss the Black-Scholes Option Pricing Model deep into the night. One thing led to another and he was soon sending feet pics. Little did I know the FUD he would unleash on this community after I allowed him to become a moderator. + +The screenshots that were shared are true. They were taken from a private conversation I had with u/fannypackphantom discussing my past membership in a cannibal coven practicing Juju magic in Sierra Leone. I first met fanny over Twitter and we bonded over a tweet I made regarding the socioeconomic implications of a woman shopping at Duluth Traders for her wardrobe needs. She was very accepting of my cannibalistic past and I felt comfortable sharing intimate details. Casual conversations amongst what I thought was a friend has now come back to haunt me now that I am a celebrity. + +Furthermore, it was I who modded u/pokimane. This is significant because the MSM media would like you to believe that Covid-19 caused the March 2020 recession when in fact it was her appointment as a moderator of r/wallstreetbets that served as the catalyst. Please do not harass her, she is not a Shill. We have conducted extensive research into her background, mannerisms, and idiosyncrasies and can confirm this. u/zjz has also deployed his shill sniffing bot with negative results. Unfortunately, this has triggered a crippling addiction to her Twitch stream and has rendered him more financially desperate than even most of you poors. + +I have done everything in my power to serve this community. Heroic actions such as deleting the unrelenting barrage of trash memes posted by u/throwaway1forall, banning 99% of people who play flair or ban, and encouraging u/yolocallking to include more Brazilian bundas in his memes are just a small sample of the personal sacrifices I have made. + +I know so many of you hate me and honestly, fine. I am use to that. I am a Juju practitioner, Heterosexual, wonderful, famous, and amazing. I have always been this way and I am not ashamed of who I am. Had I still been the old Sdevil with the autists at my side, I’d have endured it and risked my life for the community, like I have so many times before. However, I see no reason to risk it and I will resign effective July 21, 2045. In the interim, I will be at r/RunicCocksElite awaiting the arrival of u/sloptart69 in order to apprentice in the ancient ritual of sugar water immersion. + +u/MarkCuban + +u/PresidentObama + +u/JoannaGaines + +u/ElonMusk + +u/PopeFrancis + +u/RachelDolezal + +u/1r0nyman + +P.S. If you have gotten this far and believe any of this, you are in fact a moron. For those of you that dont know, this is in reference to [this masterpiece. Stay Stonky!](https://www.reddit.com/r/Superstonk/comments/omt038/farewell/?utm_medium=android_app&utm_source=share) +I have a couple questions and no one in my family is willing to answer them (USA), so I’m turning to Reddit: + +Is there a fee for opening a checking/savings account? + +Is there a fee for closing a checking/savings account? + +If I open a checking/savings account, what happens if I just forget about it (assuming no annual fees)? + +How would you deposit money into a checking/savings account. + +If my goal is to mainly save up money (with maybe a tiny handful of small transactions a month for small items), would a checking or savings account be better? + +Are filing taxes hard? + +Is there anything else I should worry about when doing this? + +I just started trying to learn how to be an actual adult, and not going to lie it’s a bit challenging considering my parents still pay a lot for what I do (am extremely grateful, but want to start with knowing what I should). + +Thank you for anyone who helps. + +Edit: this blew up a lot more than expected. Thank you for everyone for the advice, it really means a lot. Please don’t bash my parents. They’re only not answering since they have a lot they’re going through, and I don’t blame them one bit. +I kinda got the shit end of the stick growing up. Mother didnt want me, her side of the family kept me from my pops. Grandparents bought everything i wanted as a kid to “make up for my parents” as they put it but never taught me about finances, credit, none of that. My brother and i work at Fedex and together we are pushing in $600 a week but have no place to live (rent spiked here in florida as soon as we got here) I lost my vehicle in the move so now i have to get a new one and now with all these bills and worries i just feel so damn lost and it feels like im not making any progress. I try to ask my family for help but they refuse to help because my mother and uncles screwed them over once upon a time ago. I opted to go with a motorcycle because its soo much cheaper plus not required to be insured in florida. I need a 1500 down payment with no credit and i have to pay for a basic riders course since the one i took in PA isnt honored here plus i have to get helmet, boots, and gloves as required for the course. I just want everything to come together and finally work out so i dont have so much weight on my shoulders. Any advice at all would be phenomenal. im not opposed to tough reality or anything. I will not be offended by “tough love” from a stranger. +Edit: Finally got the full time figured out! Also got a co-signer for my bike and have a beautiful down payment of 0 and have very low monthly payments. the only thing left to do is find a place and continue to save as much as humanly possible! +*This is* ***NOT*** *financial advice! This is for educational purposes only!* *^(never thought i'd ever get to say that)* + +# Algorand History + +Algorand was founded in 2017 by MIT Professor, computer scientist, reincarnation of christ, Silvio Micali. He's been in the cryptography game for a long time and is known for + +* Blum-Micali Algorithm +* Goldwasser-Micali Cryptosystem +* GMR Algorithm +* Zero knowledge proofs +* Claw-free permutation +* Psuedorandom Functions +* Peppercoin +* Algorand +* Semantic Security +* Verifiable secret sharing + +that's quite a list. + +In June 2019 the Algorand Foundation launched the mainnet and announced the first token sale. Algorand was the first blockchain to provide instant transaction finality! + +The Algorand team consists of more brilliant people including + +* Steve Kokinos, CEO -- Before Algorand, Steve was the CEO of Fuze, global enterprise communications platform. +* W. Sean Ford, COO -- Before Algorand, he was the CMO at LogMeIn. Another Sean’s executive roles included CMO and COO of Zmags, CMO of Syncsort, and others +* Keli Callaghan, Head of Marketing -- Had a collaborative marketing partnership with Microsoft nd other roles + +and probably many more. + +&#x200B; + +**Peppercoin** + +Now this doesn't have much to do with Algorand itself but this was something I stumbled upon. + +>Peppercoin is a cryptographic system for processing micropayments. Peppercoin Inc. was a company that offers services based on the peppercoin method. +> +>The peppercoin system was developed by Silvio Micali and Ron Rivest and first presented at the RSA Conference in 2002\[1\] (although it had not yet been named.) The core idea is to bill one randomly selected transaction a lump sum of money rather than bill each transaction a small amount. It uses "universal aggregation", which means that it aggregates transactions over users, merchants as well as payment service providers. The random selection is cryptographically secure—it cannot be influenced by any of the parties. It is claimed to reduce the transaction cost per dollar from 27 cents to "well below 10 cents."\[2\] +> +>Peppercoin, Inc. was a privately held company founded in late 2001 by Micali and Rivest based in Waltham, MA. It has secured about $15M in venture capital in two rounds of funding.\[3\]\[4\] Its services have seen modest adoption.\[5\]\[6\] Peppercoin collects 5-9% of transaction cost from the merchant.\[7\] Peppercoin, Inc. was bought out in 2007 by Chockstone for an undisclosed amount.\[4\] + +# Why choose Algorand? + +Algorand's mission is to create a borderless economy through a permissionless blockchain. + +The Algorand protocol is designed for speed & decentralization. The developers have been able to to finalize blocks in just one round of voting. This means that transactions are finalized instantly and that the Algorand blockchain can handle 1000 transactions with a latency of 5 seconds. + +Algorand uses a form of the Byzantine Agreement (Pure Proof of Stake) for their consensus. This means that if more than 2/3 of the network is honest then the network will be secure. Participants do not need to be synchronized on the Algorand blockchain in order to keep the blockchain secure. This way the protocol can stay safe during network partitions without an end in sight. This near-instant recovery from partitions makes it expensive for an attacker to stall the network since the attacker would need to frequently pay the cost for disrupting the network. + +&#x200B; + +[Algorand Consensus Mechanism](https://preview.redd.it/iv2kfd8hp5n71.jpg?width=900&format=pjpg&auto=webp&s=bb304286c9cd0bdb661fc56f505e7ed5fb2d4dbb) + +On top of that, the Algorand blockchain doesn't fork which ensures it is always fast and stable. + +The Algorand blockchain has two sets of nodes to achieve their high transaction throughput + +* Relay Nodes -- Relay nodes are where other nodes can connect to, as a relay node you need to be able to handle a large number of connections at a time. You are the "connecting point" for other nodes. +* Participation nodes -- A participation node participates in the Algorand Consensus protocol, participation nodes are eligible and available to be selected to propose blocks to the blockchain. + +To keep up with a large amount of nodes, Algorand has developed their own mechanism based on VRF (Verifiable Random Functions, ^(Chainlink brings VRF to ETH!)). This solution allows a participant to check privately and see if they have been selected to participate in agreement for the next block, and then include proof of selection in their network messages. + +The Algorand protocol doesn't require users to keep anything secret other than their private keys, this allows for re-choosing participants very quick as users don't have to do anything. + +# Ecosystem + +The Algorand ecosystem is still very small but there have recently been a bunch of projects popping up that are working on Algorand, some of these are: + +* Yieldly -- Algorand's first DeFi suite +* [Lofty.ai](https://Lofty.ai) \-- Tokenized real estate(they send NFT's as proof of ownership on Algorand) +* Tinyman -- DEX & AMM currently in testnet +* Algobank -- Lending & borrowing on Algorand, in development + +Here are some more participants in the Algorand ecosystem + +&#x200B; + +*Processing img p1cbs4uer5n71...* + +&#x200B; + +*Processing img dyc1arpgr5n71...* + +&#x200B; + +*Processing img 0tij4usir5n71...* + +&#x200B; + +*Processing img 6dgpilhlr5n71...* + +# Tokenomics + +A lot of people have been criticizing Algorand's tokenomics. They did a large VC sale at the beginning of the project and for a while this surpressed the price of Algorand as everytime the coin pumped there'd be massive sell offs. Since then they have changed their vesting model & even set up a [$300M fund for DeFi applications](https://smartliquidity.info/2021/09/10/algorand-aims-to-attract-defi-builders-with-300m-fund/). + +Other than that, currently most people hold Algorand to stake and get a 5% APY automatically. With the limited amount of applications on Algorand not many ALGO is getting used in transactions. + +**General Stats (data is accurate as per writing this post)** + +* **Price (USD):** $2.41 +* **Marketcap (USD):** $12,619,507,700 +* **Circulating supply:** 5,232,848,288 +* **Total supply:** 5,771,636,648 +* **Max supply:** 10,000,000,000 + +*The difference between circulating and total supply means that there is Algo locked up for a period of time. These Algo's are in "circulation" but cannot be used/sold/accessed as they are locked (e.x VC's had their tokens locked for* ***X*** *amount of time)* + +Read more about tokenomics here: [Algorand Economic Evolution Report](https://prismic-io.s3.amazonaws.com/algorandfoundationv2/dcbe6c89-251a-41b3-9c78-23d8ecabd6c1_Algo+Economic+Evolution+Report+Sept+2021.PDF) + +# Sources + +Ofcourse I don't know all of this of the top of my head! + +* [https://algorand.foundation/](https://algorand.foundation/) +* [https://guarda.com/academy/crypto/what-is-algorand-review](https://guarda.com/academy/crypto/what-is-algorand-review/#algorand-history-in-brief) +* [https://en.wikipedia.org/wiki/Silvio\_Micali](https://en.wikipedia.org/wiki/Silvio_Micali) +* [https://en.wikipedia.org/wiki/Peppercoin](https://en.wikipedia.org/wiki/Peppercoin) +* [https://www.coinbureau.com/review/algorand-algo/](https://www.coinbureau.com/review/algorand-algo/) +* [https://www.undervalued.top/cryptocurrency-reviews/algorand-review](https://www.undervalued.top/cryptocurrency-reviews/algorand-review) +* [https://reviewmr.com/algorand-review/](https://reviewmr.com/algorand-review/) +* [https://cryptoandfire.com/algorand-review/](https://cryptoandfire.com/algorand-review/) +* [https://exchangesoftware.info/algorand-review-algo-worth-it-everythin-you-need-to-know/](https://exchangesoftware.info/algorand-review-algo-worth-it-everythin-you-need-to-know/) +* [https://developer.algorand.org/docs/run-a-node/setup/types/](https://developer.algorand.org/docs/run-a-node/setup/types/) +* [https://developer.algorand.org/docs/run-a-node/participate/](https://developer.algorand.org/docs/run-a-node/participate/) +Who could've thought we could earn money by posting about the stuff we love? Didn't teachers told us back the that our stupid hobby's/our wasted time wasn't going to pay bills? + +Heck yea, now we can by posting articles, upvoting and commenting on the things we like to do. + +- Got some time while sitting on the toilet? Upvote what you like and start earning! +- swipping on the job, see anything you wanna share? DO IT and start earning some moons! +- wasting time while traveling to work (don't use your mobile phone while driving!!!)? Get browsing and upvote the articles you like! + +We have arrived at the future of earning passive income while reading what we love. + +Open your vault today! Stay safe cryptofam. +Title says it all, the 90s were dominated by a singular games console, the Nintendo to the point where they had almost the entire market share of the home video games field. It go the point where Nintendo became THE word for a games console for those that had only a passing knowledge of the subject. + +Fast forward to today and bitcoin is the new Nintendo, it has owned and still owns the lions share of the crypto market. Most people have heard of it and probably think all crypto IS just bitcoin. Now people refer to everything as a 'coin' no matter what it actually is. + +The next generation are going to be making memes about us here in the present not knowing the difference between a v2000 utility chip and a micro contract smart tokeniser is and instead calling them both, coins while trying to tell them that back in my day we didn't need any of this new age fancy stuff. + +&#x200B; + +Edit: I'm sure it won't be long before NFTs are called coins as well. +32yo w/ 30yo SO. We make $9100 a month after taxes, health insurance, retirement. Just recently bought a house and will be paying just under $4000 for mortgage, home/mortgage insurance, & taxes. No other debt, but will likely pay another 300-400 in utilities. We currently rent in one of the best parts of town for $1550. New house is in funkier part of town. + +The reality of the change in our housing costs is starting to hit me. Is our income to housing cost ratio financially unhealthy? I’m starting to regret this decision and we haven’t even moved in yet. I always thought my first house purchase would be full of jubilation, but right now it’s mostly dread. + +Edit: added a couple of details to our financial situation above. Really appreciate all the input here. Also curious about pros and cons of aggressively paying down principal instead of saving given we have a decent emergency fund. I view it as equivalent to “investing” at 4% return (our interest rate) but not sure if that’s the correct way to look at it. +China’s stock markets have been on a tear so far this year, amid optimism about a possible trade deal with the U.S. and hopes that the economy may be bottoming out. + +&#x200B; + +As of Tuesday’s close, the Shanghai composite has skyrocketed more than 30 percent since its last close in 2018. The Shenzhen component has also seen massive gains of more than 40 percent in the same period. The CSI 300, which tracks the largest companies listed on the mainland, has similarly jumped beyond 35 percent. + +&#x200B; + +In comparison, the Dow Jones Industrial Average and S&P 500 have risen more than 13 percent and 15 percent, respectively. + +&#x200B; + +Last year, Chinese markets experienced their worst performance in a decade, with the Shanghai composite ending 2018 approximately 24.6 percent lower than the previous year. + +&#x200B; + +Beijing on Wednesday reported better-than-expected economic growth for the first quarter of 2019 — a move that could lift market sentiment even higher. The latest GDP numbers showed the world’s second-largest economy grew 6.4 percent year-on-year in the first three months of this year, topping the 6.3 percent that analysts polled by Reuters had expected. + +&#x200B; + +A slew of recent data — compiled privately and from official sources — have also pointed to an improvement in the Chinese economy, thanks in part to Beijing’s raft of stimulus measures. In March, China reported export numbers that topped estimates, and manufacturing activity that unexpectedly grew. + +&#x200B; + +I think the data, both in the economy and the corporate sector, is going to be pretty important to convince investors in China to come back into the market. + +Tai Hui + +**J.P. MORGAN ASSET MANAGEMENT** + +Meanwhile, Beijing appears to be close to striking a trade deal with Washington, following a series of punitive tariffs that both economic giants slapped on each other in 2018. + +&#x200B; + +Chinese negotiators made unprecedented proposals on forced technology transfers, a sticking point in the talks, Reuters reported in late March. But U.S. Treasury Secretary Steven Mnuchin said Monday the two sides still have lots of work ahead of them. + +&#x200B; + +Investors have been increasingly optimistic that a deal could be struck between the two economic powerhouses that would end their protracted trade fight. + +&#x200B; + +Looking ahead, one strategist said economic numbers and corporate sentiment need to improve in the next six months or so. + +&#x200B; + +>“We’ve started to see retail investors in China feel a little bit more optimistic but they’ve been busy trying to just take their money back after a terrible year in 2018, so the money is not really at work at the moment,” Tai Hui, Asia-Pacific chief market strategist at J.P. Morgan Asset Management, told CNBC’s “Street Signs” on Wednesday. + +&#x200B; + +>“I think the data, both in the economy and the corporate sector, is going to be pretty important to convince investors in China to come back into the market. And that could well be the key theme for the second and third quarter of 2019 for Chinese equities.” + +Source: [https://www.cnbc.com/2019/04/17/china-stock-markets-soar-in-2019.html](https://www.cnbc.com/2019/04/17/china-stock-markets-soar-in-2019.html) +I have been in my current job for a couple of years. The all-in pay is 215k/year, the hours are 9-5, and the job is 100% permanently remote. In terms of lifestyle this is pretty great, as I have no commute time, can travel frequently, and have a great work/life balance for my profession. + +However I have just been offered a new position through my network. This job would pay 500k/year (including bonus). It would also require me to live in NYC (a city I love, to be fair), be in the office at least a few days a week, and work much longer hours (at least semi-frequent late nights and weekend work, monitoring emails all times of the day, etc.). + +I am really struggling with the decision. While the compensation difference is massive, a fair bit of that would likely get eaten up by NYC cost-of-living and taxes (I currenty live in Miami), and my work/life balance would be substantially worse. + +Would it be insane to turn down this offer? + +For context, I am mid/late 30s, single, with about 500k of assets and no debt. + +EDIT: One big factor I left out. I have lived in NYC previously, and outside the winters and high COL I actually really enjoy the city. The concern with location is just that with the new job I'd be tied to the office/city, so couldn't travel spontaneously and work from home the way I do now, in addition to the higher stress job. +I have been in credit card debt ever since I was 18. I bought my very first car 4 years ago and have had HIGH car payments this last 4 years. My loan was due in 4 months and I paid it off before hand! + +Today I am 28 years old with a better position and moving up even sooner ! I am blessed and thankful I have made it this far! Next step is paying off the rest of my credit card debt and purchasing my very own home with my boyfriend ! 🥳🥳💕 +I’m a 22f. No man, no kids. But would love to when I’m ready. I’ve always wanted a big family. But I just lost all my brain cells figuring out how families can afford so many kids? Paying for food, education, toys, books, leisure, appointments, clothes, etc. That’s literally my biggest anxiety in life. Not being able to AFFORD kids. I’ve never been in a relationship that serious so I’m not even sure how it works when it comes to dating and living together let alone having kids. +I know it is hard to hold right now. I have personaly seen 700k (in a TFSA) slip through my fingers. It would take me 10 years to clear that much money. This is mental warfare. They want you to lose hope. They want you to cry and drop the ball. This is thier only exit from the shit storm they created. + +Just take a look at the buy sell ratio on GME through fedelity. + +https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml + +You beautifully bastards are giving wallstreet a run for Thier money. Don't let them get away with this. If we succeed with this we can literal change the game. That being said, I don't want to see any of you homeless. Please only invest what you can. Don't bet your university funds on this. + +IM STILL IN IT. I like the stock, and I sometimes lick windows for fun. So do not take what I have to say as financial advise. + +Edit. It has been pointed out that fidelity stats may be biased due to the large influx of Robinhood traders who have flocked to the platform with the purpose of buying GME, AMC ect. I still see these #s as a positive but keep an open mind that other platforms may have different number. That being said. Fuck Melvin and Thier bull shit. Let's hit em where it hurts. +Yesterday I bought 3k shares of AMTD GROUP on Robinhood, that was 29k gain amd also bought 24k shares on Ameritrade, that was the nice one. My first big gain in my life. Omg +Now the tax payers are bailing out shadow banking. Junk bonds are risky loans that private equity, hedge funds, and other shadow banking institutions give out to desperate companies that can't get loans from regular banks anymore. That's why junk bonds are shadow banking instead of traditional banking. JPow is using his unlimited printer to BAILOUT and give free money to the shadiest and greediest characters of wall street and society in general - private equity, hedge fund managers, shady billionaires. + +PE, hedgies, shady billionaires were screwed because the economy just halted and companies were going to default on these risky loans since they had no revenue coming in. This is who JPow is helping. He just bailed them all out by buying these risky junk bonds on the back of the American tax payer. You may become homeless and starve, but private equity, hedge fund managers, and shady billionaires will be made whole by the fed. + +JPow's cover story for buying junk bonds is that he is helping corporations so they can keep American jobs intact. That is a total lie. Corporations will get all this free money and then lay off people anyway during the summer. All the free money will go to the wall street elite and billionaires. + +Edit: Let me make it even simpler. Shadow banker (evil blood sucking parasite of wall street) gives money to company XYZ and company XYZ gives a high yield bond aka junk bond to the shadow banker. Company XYZ loses all revenue because of corona. Mr. shadow banker is now holding a worthless bond because XYZ went bankrupt and cannot pay the interest payments anymore. Mr. shadow banker very sad and maybe going broke too. Oh wait, here comes JPow with his unlimited money printer. JPow buys this bond from Mr. Shadow banker who gets saved from his risky loan and mr. shadow banker gets all his money back. The fed now owns this risky bond on the back of the American tax payer but this bond will likely be worthless since company XYZ can never pay back the loan. JPow saved the shadow banker, question is will JPow save you when you are homeless and starving? + +Edit: Some people saying, you just don't understand this stuff. It's too complicated. Don't worry the billionaires know what they are doing. Well you know what, if its that complicated and confusing it probably shouldn't be happening. Wall Street loves to create complicated tricky instruments so they can steal all the money from the average American. +Background: Relative was with her partner for a few years. He was shit with money, racked up a tonne of debt (thousands) then when they split up late last year, he's disappeared / uncontactable. + +For a while, they lived together at her parents house, so that remains his last known address to all the places he is in debt with, and where all of his debt letters continue to end up. + +Relative had a Nationwide joint account with this idiot. She has tried several times to be removed from it but they are unable without his signature (like I said, he's vanished with no known address). + +Today a letter arrived (addressed to both of them) stating the account currently heavily overdrawn, so he is still using it, and my relative it still tied to it. + +A branch visit to Nationwide didn't help, they said it has to be dealt with further up the chain over the phone.. + +Over an hour of phone calls later, still no resolution. They literally cannot remove her from the account without HIS signature of approval. Meanwhile his debts are still following her around. + +She actually asked on the phone what happens when in similar situations where one of the people has gone to prison, or died, or they're separated due to domestic abuse and need to part ways on their account - the chap on the phone said 'we have never come across any situation like those'.... + +The financial ombudsman advised that if the bank can't do it, it will require a solicitor, but first they (the FO) require in writing from the bank that they are unable to complete the request to remove a member from a joint account. Of course this was an impossible task. Can you send an email? She asked. We don't send emails, they replied. + +Please, any advice welcome. This scumbag is continuing to cause stress to my relative despite not even being around anymore, his trail of shit is affecting them more than him, and none of the companies involved is interested in helping at all... +I joined my current job two years ago and received a signing on bonus. My contract states if I leave within three years I must repay the Gross amount (so it’s obviously more than the net amount I actually recurved in my pay check). + +I have a verbal job offer from another company, and they have said they will be able to pay this for me. + +My question is, what is the best way of doing this? + +Do they pay me the net amount, I then pay the gross amount to my current employer, and then reclaim the tax from HMRC? + +Or do they pay me a higher amount, so that when tax is taken off it is still enough to pay the gross amount to my current employer? + +Or is there another way that I’m completely missing? + +Any help/advice greatly appreciated +Hi, + +I had booked a flight to Dubai last year to go in March 2021 and it was cancelled in February 2021. The travel company i booked through were looking to take 10% of the cost of the flight as an administration fee before refunding me the remaining balance I’d paid. + +I disputed with Barclaycard and felt it unfair they take a large amount and thought i was entitled to a full refund. + +Barclaycard have got back to me and said that because only the outbound flight was cancelled I am only entitled to the value of half the booking. + +My argument is if the outbound flight is cancelled it makes it unviable to utilise the inbound flight so is effectively cancelled otherwise this can be an easy trick for airlines to retain half of the costs of all of their flights. + +Am i wrong? + +I also spoke to the travel company who’ve said if i drop the charge back the offer for refund minus 10% is still on the table. Is this the best way to get it settled? + +Tia +The GME short squeeze of 2021. This is going to be huge. + +WallStreetBets, the overshorting, the Gamma squeezes, the Tendieman song, Melvin and Citron (and Citron's tweet/GME analysis), DeepFuckingValue, Jim Cramer and CNBC, Alexis Ohanian and Chamath, the Winklevoss Twins, fucking Elon Musk, and soon the infinity short squeeze. + +and WE'RE all part of it, retards! +This is not GME related directly but with financial meltdown. + +They are changing the "State's security law" to force you to help in case of need or be able to seize goods for the great good. + +[https://elpais.com/espana/2021-07-03/todos-los-mayores-de-edad-podran-ser-movilizados-en-caso-de-crisis.html](https://elpais.com/espana/2021-07-03/todos-los-mayores-de-edad-podran-ser-movilizados-en-caso-de-crisis.html) + +"El deber atañe no solo a todos los ciudadanos sino también a las empresas y entidades jurídicas para que colaboren con las autoridades a la superación de la crisis, mediante una prestación de carácter personal o material. El texto se basa en el artículo 30 de la Constitución, según el cual “los españoles tienen el deber y derecho de defender a España”." + +Translated: +"Duty is not only for individuals but also companies and legal entities to collaborate with authorities to overcome the crisis, making use of personal time or any goods. The text is based in the 30th article of the Constitution, that reads" Spanish people have the right and the duty to defend Spain"." + +Something big is brewing, my wife just came to me with the news and saying that they are changing the narrative. I've been telling her what's coming in the near future for a couple of months and she was skeptical at first but changed learning about the fuckery and now MSM just confirmed what we knew. + +Buy, hold, buckle up and take care guys, things are going to get ugly. +Which one is better to follow? Currently I’m doing the money guy FOO but wanted to see if anyone has any interesting point against it? TY + + +Stats below +22 college male +50kNW +60k income LCOL +760 credit score +3.5k monthly income +1.5k monthly expenses +2k monthly savings +No debt beside 14k car loan (2.7% interest rate/less than 8% of monthly budget) +No housing expenses living with parents +Long-term bonds will have significantly higher interest rate risk, reinvestment risk, liquidity risk etc, and so if I'm issuing one I'll have to compensate investors with a higher yield, and also expose myself to the chance of adverse rate moves over that long horizon. + +Instead of issuing a 10 year bond, for example, why would it not be cheaper for me to roll over a series of short-term bonds to my desired maturity horizon? Would this not avoid the issues of paying out a higher yield, liquidity frictions and give me a chance to take advantage of rate movements if they're in my favor? +[https://wallet.gamestop.com/](https://wallet.gamestop.com/) + +Was dinking around on the Gamestop Blockchain Support pages(!!!) and was surprised to see this link existed and was navigable! The downloads aren't ready just yet but wow it's a clean site. + +BULLISH! + +I'll be trying to install ASAP 🚀 (though it's not available just yet. F5 gang wya?) + +&#x200B; + +DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS + +&#x200B; + +e: **Some interesting tidbits/definitions from the Privacy Policy** + +>GameStop Wallet is a software service accessible via web browser for the Ethereum network that enables users to + +>(i) self custody digital assets; + +>(ii) connect to decentralized applications (“dapps”); + +>(iii) view addresses and information that are part of blockchain networks and broadcast transactions; + +>(iv) access to third party services from Wyre and Ramp, respectively, for purchasing Ethereum with certain fiat currencies; + +>(v) swap capabilities that are powered by 0x API and Loopring, respectively; and + +>(v) other features, tools, software or functionalities that may be added to the GameStop Wallet from time to time (collectively, “GameStop Wallet"). + + +>The website and interface located at "nft.gamestop.com” (collectively, the “Site”) facilitate interaction with your self custody digital wallet and certain decentralized cryptographic protocols (“Protocols”); access to third party services from Wyre and Ramp, respectively, for purchasing Ethereum with certain fiat currencies; and access to other features, tools, software or functionalities in connection with the Site, including, but not limited to, viewing non-fungible tokens (“NFTs") and other digital assets associated with your wallet. With respect to the Site, your self custody digital wallet can be your GameStop Wallet or a digital wallet from a third party provider. + + +**And from the Wallet Terms & Conditions we have** + +>The GameStop Wallet will soon be accessible through application program interfaces (“APIs”) and corresponding applications (each, an “App”), such as mobile wallet apps. + +Again we see GME Entertainment LLC + +>GME Entertainment, LLC is referred to as “GME Entertainment”, “we,” “us,” or “our.” + +Does anyone know what the 0x API is? + +>Swap Functionality Powered by 0X API or Loopring. If you elect to swap digital assets using the swap functionality powered by third party 0X API or Loopring, any swap that you engage in will be conducted by 0x API or Loopring and the relevant decentralized exchanges (“DEXs”). We have no control over these swaps, nor do we have the ability to reverse any swaps or fees (including, but not limited to, swap fees, or transaction fees or “gas” fees imposed by the relevant blockchain network(s)). We also have no control over swap transactions that are delayed, canceled, lost or dropped. Accordingly, we will have no liability to you or to any third party for any claims or damages that arises or may arise as a result of any swaps that you engage in through 0X API or Loopring. Further, the digital assets available for swapping through 0X API or Loopring are subject to change by third parties at any time and without notice. +Obviously nobody can see into the future (if you can then wow, fun) but I am wondering how long this "crisis" will continue for. Can we look back at similar events in history to estimate when things will get better? Surely something will have to happen to improve the quality of life in the UK? +[Heres my monthly budget](https://i.imgur.com/OXlb9q3.jpg) + +Currently overpaying my mortgage which is fixed until mid 2024 so that the hit of interest rate hike won’t feel as hard when my fixed rate is up, although debating putting the £100 in to a savings account instead + +The £200 investments is £100 each into a distribution Vanguard S&P500 & FTSE100, currently just through Trading212. Would you suggest sticking with T212 or am I best using another platform? This is something I’m doing for retirement so potentially another 40 years of contributing. Not sure how good T212 would be for long term? + +£500 into NS&I premium bonds as I want my accessible cash to be the same value as my stocks portfolio. Currently have roughly £22000 in stocks and £10000 in NS&I premium bonds. End goal of purchasing another house In the next 4-5 years with the cash. + +Any money left over currently just stays in my bank account and is used for treating myself, I’ve spent the majority of my life saving and am enjoying having money to splurge with without caring. Maybe the best option for this is an easy access savings account though? + +I don’t currently have a car as I have a company vehicle with private use but I am on the hunt for a new place to work so will potentially be losing access to a company vehicle. What sort of monthly cost is it to own and run a basic car? + +Being quite new to homeownership, I’m aware that there are bank accounts that reward you for paying bills/direct debits but this is something I don’t currently take advantage of. Could anybody suggest my best options for this and anything else that I could be using to my advantage? +More importantly, they also even specified the following in the email body copy 😱 + +“Student loans are not like other types of borrowing. For example, unlike other borrowing, what you repay depends on your income and not how much you borrowed. You should not make voluntary repayments if you do not expect to fully repay your outstanding balance by the end of the loan term because your loan will eventually be written off.” +Disclaimer: I hold no ICO tokens at all. I'm 100% ETH. + +I feel there is a lot of fear mongering in this sub; ICO scam this, greed that, bubble everything, ETH great depression, pitchforks shovels. + +Let me lay this out for everyone: **ICO's are good for ETH prices because it adds stability.** + +Now before you down vote this post, *I urge you to adopt an open mind and hear me out.* Let's ignore the fact that the amount of ETH being crowdfunded lately is record breaking. Let's focus on the effects of crowdfunding itself, with ETH, on Ethereum (notice the word 'on', that's the key). + +Two main reasons why I think ICO's are good for ETH prices: + +**1. ICO's are an economy built on top of Ethereum.** + +This means two things: + +* The price of ETH can directly affect the price of the Token in a positive or negative way. +* The price of the Token can only directly affect the price of ETH in a positive way. Negative effects are limited to the amount of market cap its raised. + +Think about these two statements carefully. Lets hypothetically say that Status development team disbanded, and SNT token is now perceived as worthless, the value of $275mil still exists in ETH because it was generated prior to the crash of SNT. However, let's say Status releases a kill dApp, price of SNT moons, suddenly you have a $275mil worth of SNT that's perceived to be worth higher, and the only way to increase the value of SNT, is to buy ETH, generating a DEMAND in SNT, and in ETH. + +**2. ICO's essentially acts as a long term lockbox for ETH, removing supply of ETH from the market.** + +* *"What if ICO company dumps all their ETH for lambos overnight?"* Yes, this could happen, but very unlikely. +* *"What if ICO company's ETH supply gets hacked?"* Yes, this could happen, but is still uncommon. +* *"But the ICO company is spending ETH to fund their projects!"* Yes, but any start-up would have a reasonable burn rate. This burn rate offers liquidity to the market at a controlled rate. + +Let's say a fundamentally huge bearish piece of news comes out for ETH today, and price of ETH starts to tank, how would the supply of 300k of ETH react in the hands of the general public, compared to, in the hands of the ICO company? + +* ICO company would have to sell more ETH to accommodate for their adjusted new burn rate. This increases the supply of ETH in a controlled manner, accelerating the effect of the price crash, but not sending it down in an exponential spiral. +* General public would most likely panic sell the whole 300k supply of ETH, flooding the market with a huge supply of ETH. This will most certainly generate more panic, causing a big volatile crash, sending ETH price down exponentially. + +If nothing fundamentally changes, no news, bullish or bearish, then supply and demand dictates that the price of ETH must go up since supply has been lowered. + + +Now I understand the reasons listed above are all hypothetical. In a free market, anything could happen. But approaching these hypothetical situations in a rational way, logic dictates that there is a higher probability for my scenarios to play out than any others. + +My point is, instead of adopting an extreme bias of 'MOON or CRASH', maybe consider the possibility that the ETH environment is evolving into a complex ecosystem. Not everything is as straight forward as pre-ICO times. + +**As Ethereum matures, so must we, as investors. Let's educate ourselves, broaden our financial intellect, and adopt a logical mindset to tackle new and emerging problems.** + +Discussions/criticisms are welcome. + +EDIT: formatting & grammar/spelling. + +EDIT 2: changed 'do' to 'must' in final statement. + +EDIT 3: Added "Negative effects are limited to the amount of market cap its raised." Had to clarify. + +**Final EDIT: I'm going to stop replying to anyone who makes a statement without any valid semi-thoughtout reasoning. This post is tagged a discussion for a reason. Walking in here accusing me or other users for saying silly things without saying why is as intellectually challenged as a 5 year old child calling Timmy gay for kissing a girl at school and running away. Use your brain people, you have one.** +Hi r/ethtrader! Creator of ERC20 Finally Usable Crypto Karma (FUCK Token) here to announce that our Reddit tip bot is now live to the public. + + +Most of you think FUCK Token is a joke at first glance so we’ve created [this](https://www.youtube.com/watch?v=s_NiGNa6XmA) explainer video for easier understanding. + + +Our tip bot works in every subreddit, but due to a miscommunication with the mods our bot has been disabled on r/ethtrader. Your tips on this subreddit will go through, but the FuckTokenBot comment will not appear. We are giving away 10 FUCKs to everyone to celebrate the release of our tip bot. Comment on this thread in our subreddit: [HERE](http://np.reddit.com/r/FuckToken/comments/70xl5t/celebrating_the_tip_bot_release_free_fucks_for/) and we’ll get you started giving a FUCK. +Have a nice FUCKing day! +Have you ever seen something so set upon, and refuse to lay down and die? + +The promise of this technology is so amazing, the momentum of development on the platform is so strong, that the nonstop onslaught of the last 6 weeks has been shaken off. I think someday I'll be telling stories about ethereum's first year. + + +Hope it breaks through resistance of about 14.5$. Maybe the Ethereum Enterprice announcement on the 28th will be the trigger. And if it breaks through it will shoot up like a rocketh.... +From the Nano sub: Nodes on the network are being directly attacked with a heavy load of unchecked blocks that are slowing them down as it ties up disk write operations, causing node processes to spend time waiting for these writes to finish. Enough nodes are being targeted to cause settlement delays network-wide. Every targetted node is slower in processing, thus everything from block propagation to block confirmation is slower. Additionally, enough bandwidth is being used such that some targeted nodes may be at risk of filling up their disk (unchecked blocks get cleared every 4 hrs and on load — can also be cleared manually). + +When the load subsides, the network will recover. The impact of this attack is settlement delays, no funds can be lost. According to my non-voting nodes, the average election duration is around 53 seconds currently (12:27 PM EST). + +Developers are aware and have been working and discussing a variety of solutions (some new, some old). This is a good time to remind everyone of a few things: + + • network resilience is not binary (fixed / not fixed) and much more than just dealing with "spam". + + • network resilience has been a focus, is a focus, and will continue to need to be a focus. + + • settlement delays and disruptions are to be expected as this is an experimental network under active development. I recommend being aware of these basics. + +It's going to take a lot of time and contributions before the network is sufficiently resilient (on a variety of fronts). This is the nature of building an open and distributed network, there are currently a number of known ways a motivated attacker can disrupt (or even take down) the network. The network becomes resilient over time with each newly discovered vulnerability and subsequent contribution of solutions/fixes. + +Over the years there have been 30+ disclosed ways to take down the Bitcoin network, which is simpler to defend in a number of ways. The nano network is not going to be any different. + + +Edit: This has nothing to do with feeless transactions (see replies below), but the lack of a properly designed mempool. The devs are working on multiple fixes. +The age came from discord, from the attacker himself. +If you are reading this, then congratulations, you are officially an early adopter in crypto. + +You have made it in with us having less than 10% of the US stock exchanges market cap. + +You have made it before real world applications, adoptions and use cases. + +You have made it before real institutional fomo. + +May you pick the right projects and have a very successful year! + +EDIT: The $26.23 Trillion market cap is just the New York Stock Exchange. The total market capatelization of the entire US stock market is over $51 Trillion. +Square, Inc. Announces Fourth Quarter and Full Year 2020 Results +Square also announced a $170 million purchase in bitcoin as part of its ongoing commitment to the cryptocurrency + +February 23, 2021 04:00 PM Eastern Standard Time +SAN FRANCISCO--(BUSINESS WIRE)--Square, Inc. (NYSE: SQ) has posted its results for the fourth quarter and full year of 2020 on the Financials section of its Investor Relations website at investors.squareup.com and filed these results with the Securities and Exchange Commission. + +Square will host a conference call and earnings webcast at 2:00 p.m. Pacific time/5:00 p.m. Eastern time today to discuss these financial results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Square’s Investor Relations website at investors.squareup.com. A replay will be available on the same website following the call. + +Square also announced today that it has purchased approximately 3,318 bitcoins at an aggregate purchase price of $170 million. Combined with Square’s previous purchase of $50 million in bitcoin, this represents approximately five percent of Square’s total cash, cash equivalents and marketable securities as of December 31, 2020. + +Aligned with the company’s purpose, Square believes that cryptocurrency is an instrument of economic empowerment, providing a way for individuals to participate in a global monetary system and secure their own financial future. The investment is part of Square’s ongoing commitment to bitcoin, and the company plans to assess its aggregate investment in bitcoin relative to its other investments on an ongoing basis. +Out of 698 US businesses worth over $10b, you've got 25% of those selling at 10x sales. So, if you have only $1b in sales, you're worth $10b. + +You'd have to grow sales 20% per year for the next 13 years to get to 1x sales. + +Only about 4% of companies worth over $10b have grown sales at, or above, 20% over the last 10 years. This figure drops to 2% if you include all US SEC reporting businesses. + +That means, roughly, about 20% of your stock market valuations are insanely overpriced. Rivian being one of them. That paired with the Shiller P/E being close to all-time highs, and inflation spiking well above expectation, signals potential disaster on the horizon. Be careful out there peeps. If the FED starts talking rate hikes, expect a sell-off. + +[https://www.federalreserve.gov/newsevents/pressreleases/monetary20211103a.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20211103a.htm) +found this and it was good. + +[original post](https://www.reddit.com/r/wallstreetbets/comments/wlc10o/former_head_of_jp_morgan_chase_found_guilty_of/) + +It’s about time the rigged ass system put some crooks away. + + +Updated onAugust 10, 2022, 5:02 PM CDT +The former head of the JPMorgan Chase &amp; Co. precious-metals business and his top gold trader were convicted in Chicago on charges they manipulated markets for years, handing the US government a win in its long crackdown on bogus “spoofing” orders. + +Michael Nowak and Gregg Smith were found guilty Wednesday by a federal jury after a three-week trial and more than eight days of deliberations. Prosecutors presented evidence that included detailed trading records, chat logs and testimony by former co-workers who “pulled back the curtain” on how Nowak and Smith moved precious-metals prices up and down for profit from 2008 to 2016. + +A salesman on the desk, Jeffrey Ruffo, was acquitted of charges he participated in the conspiracy. + +The case was the biggest yet by the US Justice Department, which alleged the precious-metals business at JPMorgan was run as a criminal enterprise. Nowak, the managing director in charge of the desk, and Smith, its top trader, were convicted of fraud, spoofing, market manipulation. + +“They had the power to move the market, the power to manipulate the worldwide price of gold,” prosecutor Avi Perry said during closing arguments. + +Read More: JPMorgan Trader Spoofed So Fast Colleagues Urged Ice on Fingers + +US District Court Judge Edmond Chang said Nowak and Smith will be sentenced next year. Each faces decades in prison, though it may be far less. Two Deutsche Bank AG traders convicted of spoofing in 2020 were each sentenced to a year in prison. + +[Bloomberg Article](https://www.bloomberg.com/news/articles/2022-08-10/jpmorgan-precious-metals-traders-found-guilty-in-spoofing-trial) + + + +TLDR - BBBY Jan 20 $80 Calls (Inverse Cramer) +Bullshit shilling everywhere, no one reads whitepapers, normie friends of me asking me whats an ico (after buying the ico), scamcoins pumping, everybody has lost respect to btc, etc.... + +It feels so cringy nowadays, even youtubers started to do crypto videos lmao. + +Am I the only one who thinks that all those fomo buyers deserve a rekt? +I am a software engineer and like my team and my teamlead a lot. But I feel I am underpaid (around 100k, 4 YOE), I get an offer from a mid-tier company around 120k. However, I still want to try top tier companies, but I am not confident enough if I can get in, and I don't want to move unless I can get in a top tier. + +Will I ruin my relationship with my teamlead if I ask for a pay rise using this 120k offer but I still leave the job a few months later? + +Thanks. + +Edit: outside of regular review +I think just about everywhere now, fuel is breaching that $2 mark. Do you think we’re in that phase that older generations would’ve experienced when fuel price went into the dollar mark? Or do we reckon it will settle back down post Putin shenanigans. + +Orrrr do you think, now that everyone is paying $2 pl for a necessity (fuel) they’ll just keep it at $2 pl cause we’re stoopid enough to keep paying for it. + +Thoughts??? +So im losing a little motivation, I know ill carry on regardless but it got me thinking.. When buying stocks do you for example buy 10 shares of 10 different stocks or do you buy 100 shares of 1 stock. This is only really because at the moment my monthly payments are quite low so wondering if i should stick with what i do or whether to load up on 1 stock until i hit a target no. of shares and move to the next? +VTRS at $15.60 is the blue chip pharma you may never heard of but I am 99pct sure you or your family have heard of and or/used atleast one of its products. Reason you may have not heard of it is a new company formed by the merger of Pfizer's UpJohn Division and Mylan Labs ( one of the leaders in generic products). It is selling under book value and initiated its first dividend this month to be paid in Q2. The management are all thorough breds from Pfizer. + +[https://www.viatris.com/en/products/brands](https://www.viatris.com/en/products/brands) + +IMHO, this has to potential to go up atleast 50pct in 12 months; if one has the patience to see the merger get completed and the ensuing cost reductions which will result. + +\+++++++++++++++++++++++++++++++++++++++++++++++++++++ + +RBC Trims Price Target on Viatris to $23 From $24, Maintains Outperform Rating + +BY MT Newswires— 05/11/2021 + +\+++++++++++++++++++++++++++++++++++++++++++++++++++++++ + +[https://finance.yahoo.com/news/viatris-inc-reports-strong-first-105900870.html](https://finance.yahoo.com/news/viatris-inc-reports-strong-first-105900870.html) + +&#x200B; +Suggestions what information to look up exactly. Should I look at dividend yield? I’m not sure where to start + +Edit: someone stated videos, but sometimes videos are dated, I’m looking for what people are doing days/hours ago. +Hi, + +What would happen if you hold an ETF, such as QQQ or QYLD, but one day an announcement is made that the ETF you own is dissolved? + +Do you love the stocks? Are you forced to sell the stocks? What happens? +Nice 5.3% dividend and T-Mobile has none. Last 6 months it’s dropped from above 57% to $ 48. The P/E is only 9.36 and they’re a multi decade company. What am I missing here. Easy income stock IMO, feedback would be very useful +I currently have a simple portfolio consisting of one REIT ETF: XLRE and two other ETFs: VTI and SCHD. I’m looking to splash a couple single stocks in the mix. What’s your favorite company stock and why? +Hi I’ve been trying to learn sound investment strategy for about 4 years now. Started off as any 20 something guy with disposable income does and wildly threw 50-100% of my cash into single stocks recommended to me by a discord day trader. Made okay money at this but the stress this caused really took me away mentally from my day job (biomedical scientist). + +I later decided to try a long-term strategy of picking affordable stocks with high dividends (keep in mind I know very little about trading, so every decision was based on what pages like motley fool would say are good decisions). The one stock I picked that I feel is a gem is $ABR, but I never see it mentioned on this sub. It has a history of dividend yield greater than 7% for almost 8 years now and periodically peaks up over 9%. + +Can someone who actually knows what they’re doing comment on $ABR and/or give me a rundown of what to look for other than dividend yield when picking dividend stocks? + +Thank you! + +Edit: Turns out this sub has a super informative welcome tab that I’ve somehow missed until now. Still would like a comment on $ABR if someone has the time. TIA +Any input on this REIT Divvy? Pays qrtly @ $.35 and trading around $20.... Would you add or increase position, or stay away - understanding one has to be willing to risk REIT market in general...? +Both companies are currently down from their highs. Trow is currently down about 45% and Blk about 35%. It’s looking about that time to open a position but I don’t want both. + +I’m seeing Trow is more of a buy right now from its dip AND has 36 years of dividend growth with a starting yield of 3.6%. The dividend growth rate for the last 5 years is also 15%!! + +Blk on the other hand has grown it’s dividend for 18 years with a starting yield of 2.7%. 5 year growth rate is 13%. + +I think Trow is a better buy right now but can anyone give a counter argument and explain why they would invest in BLK instead please??? +I'm brand new to investing, and want to start earning some passive income. I have a small amount to begin with and I know it will take a long time to see a decent payout, but everybody has got to start somewhere. + +If Fidelity isn't a good app what is a better app to start with? I used to have Robinhood but for some reason my account got locked so I have to find an alternative method. + +&#x200B; + +Let me know! +I currently own +T +O +KO +SPHD +QYLD + +I recently received my stimulus and wanted to invest most of it but looking at the market everything is so much higher then my average price. Is there any dividend stocks that you think are 100% buy right now and/or should I just wait until prices drop. Any advice is helpful! Thanks! +Really late to the crypto game but after seeing what happened recently with GME and hearing about what you all are doing I’m happy to say that I jumped in. It’s not much but $500 in ETH and $150 in BTC using coinbase. +One of the most prolific scam coins has been beaten out of the top 10 once and for all. For this we can all be grateful. + +Evidence for all your downvoters: + +https://www.youtube.com/watch?v=xBxbiH_Mg44 + +https://medium.com/@omiros23/evans-and-dash-s-scam-story-add1f16528ae + +https://steemit.com/cryptocurrency/@thedashguy/the-reason-i-call-dash-a-scam-and-echo-chamber-proof-of-the-crazed-cult-like-thinking-of-dash-community-inside + +Today is a good day. +So I’m invested in Lemonade and the stock has been dropping significantly recently. While i believe in the company and their genius business model, i cant help but wonder how will it possibly grow while they are giving away their profits to charity? Revenues will increase but will profits dictate their stock value? +About Me: + +* 26 years old +* Net Worth: $127K +* Savings (including emergency fund): $23,500 +* 401K: $88K +* Index Funds: $9K +* Roth IRA: $6500 + +I’m about to accept a job offer with my same company to relocate from the Bay Area to London. The problem is I'd take a $45K paycut for the move (the salary is non-negotiable). I'd be going from $170K/year to $125K/year. + +I’m so excited to live in another country, and I think this will be a great career move to gain international experience. However, I’m extremely anxious about the paycut. I've saved a lot so far and I'll still be making a great salary - just not as much as I could be. + +Has anyone here taken a paycut to relocate internationally? Did you think the tradeoff was worth it? I’m really motivated to achieve FI as soon as I can, but I would also hate to look back on my life and think about the "what ifs" if I don't take it. + +_______________________ + +EDIT: Thank you to everyone who commented on this! Appreciate your insights, especially people who've made the move themselves - really helpful to hear your thoughts. + +Also an FYI - I'm a woman - not sure why so many people assumed I'm a guy! Also I work in a non-technical role (so no, not a software engineer). +As you guys know, if you buy a 2nd home you have to pay 3% additional stamp duty on top of the stamp duty that everyone else pays. It's a bummer and costs a lot. + +In my case, I was living in a flat which I tried to sell, but couldn't. I bought another home hoping that I would sell the original flat, because if you do so within 3 years, then you can claim the stamp duty back. I still couldn't shift it. + +Meanwhile, the 2nd home that I purchased was a complete state and not livable. It had to be stripped back to the bare bones and redone, in order for it to be somewhere I could live my wife. + +I did some research, asked on several forums, spoke to a lawyer who told me to speak with an accountant and an accountant that told me to speak to a lawyer. Everyone said that there was no way I could claim back that stamp duty. But they were wrong! + +I came across a piece of case law (P.N. Bewley Limited v The Commissioners for Her Majesty’s Revenue and Customs [2019] UKFTT 65 (TC)) that I thought would be significant to my case. + +And to cut a long story short, after waiting for a response from HMRC for a couple of months, I received a cheque for £17k, out of the blue. I am very pleased! + +Not sure if this will be of any interest/use to anyone. +Good afternoon everyone! I have now officially completed my first week as mod and I thought that I would share excerpts from my private diary of my journey so far. + +&#x200B; + +&#x200B; + +https://preview.redd.it/lpkkeywwgik91.jpg?width=1910&format=pjpg&auto=webp&s=631c0ee159b6cb1dcef7539934880237b8ed00bb + +**Day 1:** + +So excited to start my first day of modding! I cannot wait for the shills to reach out and offer me compensation for pushing their narratives. I hope the bribes are as large as I have been dreaming of! This addition onto my house won't build itself after all! Haven't found where u/BadassTrader keeps the Doritos yet. + +&#x200B; + +https://preview.redd.it/184yat5ygik91.jpg?width=1920&format=pjpg&auto=webp&s=51b7cacb6e3a1214b0383a4e27b0899271daef76 + +**Day 2:** + +Everyone seems nice enough. u/Goldielips and u/platinumsparkles are very nice and helpful, u/bah2o and u/half_dane haven't talked to me yet, and I think there's something wrong with u/justind123's keyboard, all he does is communicate with seal emojis. Still no word from SFHs or large banks yet but it is the weekend so I'll give them a few days. + +&#x200B; + +https://preview.redd.it/2vlq33tzgik91.jpg?width=1400&format=pjpg&auto=webp&s=886b884a99de1ef06d2f6c4a3952e0f7582f48a1 + +**Day 3:** + +Got my first "mods are sus" post directed at me! Those damn Knights of New seemed to intercept it and the post never got much traction. Still going to print it out and frame it, hopefully more to come! + +Still not a word from u/bah2o and u/half_dane to me, but I see them typing to others. Maybe I'll start pinging them directly. + +I haven't gotten to mod anything yet; I'm confined to spit polishing Satori (she gets really grimy during the week), bringing coffee to the senior mods and replenishing the mini bar. I can't wait to start banning people for disagreeing with me! + +&#x200B; + +https://preview.redd.it/ug1u1yz0hik91.jpg?width=1280&format=pjpg&auto=webp&s=a83564f8b3037db48b054ab0d8e243a555ae28c0 + +**Day 4:** + +OH GOD MAKE THE BBBY POSTS STOP! My remove-post finger hurts and all I see is BBBY when I close my eyes. I did get a DM from u/Doom_Douche, apparently bah2o and Dane like to pretend that new mods don't exist... real funny... + +Still no sign of Doritos or potential bribes. Bullshit imo. + +&#x200B; + +https://preview.redd.it/g9da8wk2hik91.jpg?width=620&format=pjpg&auto=webp&s=c5e6ccf1bbb8af4363ffabb93bf74b85a56afab6 + +**Day 5:** + +Got to tackle mod mail for the first time today. I immediately was introduced to the duality of man. + +Modmail 1: Thank you mods for taking down the BBBY posts. You guys are doing a great job. + +Modmail 2: BBBY should be allowed, it's linked to GME via \*insert tinfoil theory here\*. You mods are fucking up and suppressing information! Compromised much?!?!?!11!!1! + +Modmail 3: Completely written in Wingding font. + +I'm getting the feeling that modding is much more about weeding a garden than the nefarious plotting of secret agendas. My disappointment is immeasurable, and my day is ruined. + +&#x200B; + +https://preview.redd.it/ih2995d3hik91.jpg?width=850&format=pjpg&auto=webp&s=396b6fcbccf28d89644c3b805352ae3dfebb09f7 + +**Day 6:** + +Bah2o and Dane are now talking to me and are quite helpful. Unfortunately, they only refer to me as Crycry when speaking to/about me. I think I preferred the silent treatment. + +I have almost given up my search for any sort of snacks at all and am beginning to think that the Dorito is actually a metaphor for something TA related.... so much to learn. + +&#x200B; + +https://preview.redd.it/6ygx56s4hik91.jpg?width=1498&format=pjpg&auto=webp&s=b32c4236a44030ed49180563457368dd5eb190d8 + +**Day 7:** + +Tried to change my first flair today on [u/VictoriousVTT](https://www.reddit.com/u/VictoriousVTT/), first I deleted my flair, then I misspelled his flair, after the 4th attempt, I got it correct. Apparently there are a lot of buttons available to me now (still no ban button yet damnit) + +Bad news. Apparently, there is no snack bar, no secret agenda, no fat payouts, just the "pleasure" of trying to keep the sub operating within the rules. I'm actually surprised at the self-moderation that happens purely on upvotes/downvotes. + +&#x200B; + +https://preview.redd.it/58wnizd5hik91.jpg?width=298&format=pjpg&auto=webp&s=b38128741864f75247bdbc67c3df90de0d08d83c + +**Summary of Week One:** + +Public Sentiment - mods are sus/doing a great job. Mods let too much stuff get posted and mods remove too much stuff. + +Within the mod team - Great resources and very welcoming, at the same time asshats. + +Personal notes - This job may not be filled with glory and riches, but I'm super excited to be here. I hope to be here from now until MOASS and beyond. I'm still pissed about the Doritos though..... + +&#x200B; + +**Disclaimer:** + +This post is satire. All, some, or none of the things happened above. Hope you all have a great week. +For those of you who started out owner-occupying, how long did it take you to aquire your 2nd property? Has it been worth the investment/work involved? What did you need to do to get approved for a second loan? + +I am new to investing and hoping to start my journey sometime in the next year once I get enough credit built up. Just getting a general consensus to see if I'm being reasonable with my expectations! I know its entirely subjective, but just looking to hear other experiences. Thanks! +My friend mentioned that a large real estate company he used to work for had an LLC for each individual property the company owned. This protected each property on its own. Is this possible to do for personal investments? For example if the market tanks and I’m forced to default on a house loan, that would protect my other properties and also wouldn’t hurt my credit so long as i am am employee of the LLC, correct? +In addition, can you create an LLC for your first investment property? +Thanks. +Hi everyone, + +I keep hearing (and reading) that the government raising interest rates soon may cause a recession. I'm looking to buy my first income property (multi-unit in Los Angeles) and am looking for some guidance. + +Would you buy now, or wait and see how property values fare in a couple of years? Being L.A., should I not be worried about property value and just go ahead and buy now? What's been your experience? I'm very new at this so I should read more about the broader economy's principles, but I'd also like to read about your personal experiences. + +Thank you. +I have the chance to purchase a duplex @ $115K, the house was appraised @ $111K so I would have to bring the extra 4K to the table the seller is bringing $3K closing help. During the inspection we noticed about $3-$8K in repairs. The seller is will not make any repairs and refuse to sell at the appraised value. The property is currently occupied and bring in $2050 gross rent. Taxes: 2800 Ins: 800 Annual maintenance costs ( Lawn care & electric): 5K + +Does this seem it could be a profitable opportunity? +Long story short: looking to buy a four plex and live in one of the units for a few years. Used my investment calculator and if I were to buy it for a bit less than asking price, the property would give me a 7.9% cap rate and 17.3 COC return (with 4 units rented). Cash flowing a bit over 600 a month once all 4 units are filled. Without seeing the property in person yet, it appears to be in nice shape and the listing states several newer upgrades/maintenance items have been replaced. I know people like to BRRRR but is it crazy or dumb to buy a property that doesn't need heavy rehabbing as long as the numbers seem to work? I know I'm paying a bit more than if I were to buy a run down property and rehab it. I'm in Northern Illinois btw. +Pretty much looking at a new property, low rents. The only way to evict is to modify the size of the unit, or change to commercial. In this case, making a 4 1/2 into a 5 1/2. + +Just curious if done properly is an extra room worth more than a garage? + +Reno cost 5k to 10k, to build a masonry wall, studs, drywall, and floor. + +Current tenant is paying 513 a month, could increase to 800 for current or 900 to 1k with addition. +For those of you who started out owner-occupying, how long did it take you to aquire your 2nd property? Has it been worth the investment/work involved? What did you need to do to get approved for a second loan? + +I am new to investing and hoping to start my journey sometime in the next year once I get enough credit built up. Just getting a general consensus to see if I'm being reasonable with my expectations! I know its entirely subjective, but just looking to hear other experiences. Thanks! +As stated, I'm looking to get an FHA loan for a multi unit complex on the west coast (California, Washington, Nevada preferred). This will be my first place and Im looking to learn. + +Let's theoretically say a triplex. I buy one with 3.5% down FHA. I plan to rent out the other 2 units and live in one, having tenants rent pay off the mortgage for the whole place, staying there for the minimum amount of time that I have to for FHA (2yrs?) completely rent free for the most part. + +I then would move out at that point and rent my unit out as well, using that additional income to pay off a good chunk of a mortgage for a house for me in California, and the other units are still paying their own mortgage. So my mortgage on my multi unit is covered by tenants and so is a good chunk of my own personal house. In 15 years (should that be my loan term?) they are both paid off in full and any money is pure profit. + +Then use the equity of the two places I own in full to keep buying more units throughout my life. + +Am I sadly mistaken? I'm 23 and trying to figure this all out. I figured if this works, I would own my own triplex and house outright, no mortgage, by the time I'm 38. And can constantly buy more multi-unit complexes. What am I missing here? + +I'm aware of PMI, and tenancy issues but in a perfect world would this work out well? Thanks everyone! +Long story short: looking to buy a four plex and live in one of the units for a few years. Used my investment calculator and if I were to buy it for a bit less than asking price, the property would give me a 7.9% cap rate and 17.3 COC return (with 4 units rented). Cash flowing a bit over 600 a month once all 4 units are filled. Without seeing the property in person yet, it appears to be in nice shape and the listing states several newer upgrades/maintenance items have been replaced. I know people like to BRRRR but is it crazy or dumb to buy a property that doesn't need heavy rehabbing as long as the numbers seem to work? I know I'm paying a bit more than if I were to buy a run down property and rehab it. I'm in Northern Illinois btw. +I find always my emotions not stable for my day trade practice. Sometimes I don’t want do anything even the market not yet open. How you guys to keep stable emotion for your daily practice? Drink coffee? Listen to music? Or??? +I'm a noob but my ego convinced me I could swing with the rest of t.hem and boy did I get my ass kicked. Slowly but surely I lost almost 10k in CAAD. I've been trading for a year. I made so many of the same mistakes over and over again but still I wake up the next day hungry for a trade and I don't think its healthy so I'm taking a break. + +I love trading even after getting smashed in the face so many times I realize with every defeat how my mistakes are keeping me from securing profits. I look at the bright side and say at least I learned with a small account and made a bunch of stupid trades with lower amounts. Because when I do regroup and load up my account again I will be so much sharper at analyzing risk and I won't fall into the same traps over and over again. + +You win some, you lose some but if the losses start piling up time to cash out whatever you have and take a nice vacation somewhere enjoy that money instead of it just being numbers on a screen. Then come back next bull market ready to attack from a higher perspective. + +I'm sure a lot can relate, getting cleaned out first year then making all time highs after not quitting. + +Take breaks, never quit. +The last \~year was the year of staking + decentralisation, multi asset + native assets and smart contracts for Cardano The first dapps are here and soon the FLOODGATES open. Here’s an overview of just some (!) of them + +[@ArdanaProject](https://twitter.com/ArdanaProject): Stablecoin ecosystem allowing you to produce and borrow dUSD, will have its own DEX + +[@liqwidfinance](https://twitter.com/liqwidfinance): Algorithmic + non-custodial interest rate protocol. Like Compound + +[@minswap](https://twitter.com/minswap): Decentralized exchange. Stable and multi-asset pools, and concentrated liquidity + +[@CardanoMaladex](https://twitter.com/CardanoMaladex): Research driven DEX based on the concept of programmable swaps, playing to Cardano’s eUTXO strengths. Indexes, synthetics, derivatives. Could only work on Cardano [@ADAFinance](https://twitter.com/ADAFinance): Dual-chain DeFi ecosystem for AVAX and ADA. Staking, farming, DAO, lending + +[@RayNetwork](https://twitter.com/RayNetwork): DeFi ecosystem with its own wallet, AMM DEX, fundraising, NFT minting solutions [@MELD\_labs](https://twitter.com/MELD_labs): MELD is the first DeFi, non-custodial, banking protocol. You can securely lend & borrow both crypto and fiat currencies + +[@ErgoDex](https://twitter.com/ErgoDex): Decentralised exchange that allows a quick, effortless and secure transfer of liquidity between the Ergo and Cardano networks. Live for Ergo + +[@Mirqur](https://twitter.com/mirqur): AMM DEX with range pools, portfolio pools, impermanent loss insurance. “Anarchic intent”, love to see it + +[@SundaeSwap](https://twitter.com/SundaeSwap) \-> watch out for this one, they're working directly with IOHK and coming very very soon to the mainnet: Front-runner in Cardano DEX race. Native, scalable decentralized exchange and automated liquidity provision protocol + +[@DeFIRE\_Fi](https://twitter.com/DeFIRE_Fi): Decentralised smart order routing engine, optimising trade execution across DEXes [@Charli3](https://twitter.com/charli3): Decentralised oracle native to Cardano + +[@VyFiOfficial](https://twitter.com/VyFiOfficial): DeFi ecosystem for yield farming, liquidity provision, and auto-harvesting in a hedge fund. NFT staking is live + +[@Milkomeda\_com](https://twitter.com/Milkomeda_com): Not technically a dapp but a side chain allowing EVM compatability (e.g. Solana) + +[@adahandle](https://twitter.com/adahandle): Custom wallet addresses for the Cardano blockchain + +8/[@paribus\_io](https://twitter.com/paribus_io): Cross-chain borrowing/lending protocol for NFTs, liquidity and synthetics [@GeniusyieldO](https://twitter.com/GeniusyieldO): Automated Yield optimizer, concentrated liquidity DEX with an AI-powered liquidity mgmt protocol + +[@AadaFinance](https://twitter.com/AadaFinance): Decentralized money mkt protocol for lending/borrowing crypto + +[@Indigo\_protocol](https://twitter.com/Indigo_protocol): Algorithmic synthetics protocol for on-chain price exposure to real-world assets [@SpinadaCash](https://twitter.com/SpinadaCash): Decentralised protocol for private transactions on Cardano + +[@OptimFi](https://twitter.com/OptimFi): Yield aggregator, suite of products designed to optimise yield generation in the ecosystem + +[@WorldMobileTeam](https://twitter.com/WorldMobileTeam): You can’t bank the unbanked without internet. WM is a mobile network deploying in Africa, for the people by the people and built on Cardano + +[@empowa\_io](https://twitter.com/empowa_io): RealFi property platform. Support real on-the-ground financed housing projects and earn a return + +project own smart contract based NFT marketplaces like [https://spacebudz.io/explore](https://spacebudz.io/explore) and [https://pxlz.org/explorer/](https://pxlz.org/explorer/) + +[@jpgstoreNFT](https://twitter.com/jpgstoreNFT): Slick-looking NFT market place with selective set of quality projects + +[@Tokhun\_io](https://twitter.com/Tokhun_io): Cardano NFT and native asset minting platform to mint, sell and trade NFTs [@CNFT\_IO](https://twitter.com/CNFT_IO): The largest Cardano NFT market place + +[@GenesisHouseIO](https://twitter.com/GenesisHouseIO): Cardano NFT marketplace that backs creators, like a digital art/auction house [@AdapixNFT](https://twitter.com/AdapixNFT): Fully decentralized NFT marketplace working with verified, select collections [@HashGuardians](https://twitter.com/HashGuardians): GameFi. 2D gaming metaverse with passive income & play-to-earn features + +[@nftmakerio](https://twitter.com/nftmakerio): Create, manage and sell Cardano NFTs + +[@CoinlinkFinance](https://twitter.com/CoinlinkFinance): Multichain yield farming platform that connects to Ethereum, Cardano, Polygon and BSC + +[@get\_revuto](https://twitter.com/get_revuto): Subscription management dap: save money by taking control over what, when, how to pay for subscriptions + +[@adax\_pro](https://twitter.com/adax_pro): Automated liquidity protocol with a slick layout and some cool features like social sentiment that could set it apart + +[@kicklaunchpad](https://twitter.com/kicklaunchpad): Cardano native launchpad + +[@seabugnft](https://twitter.com/seabugnft): Plutus Application Backend powered Cardano NFT marketplace + +[@occamDEX](https://twitter.com/occamDEX): Cardano native AMM-based DEX powered by a novel “slot-based execution core”. Hmm + +[@CornucopiasGame](https://twitter.com/CornucopiasGame): Play-to-earn blockchain based game based in the metaverse + +[@liqwidx](https://twitter.com/liqwidx): Interest-free borrowing protocol and stablecoin + +[@adaswapapp](https://twitter.com/adaswapapp) and [@adanftapp](https://twitter.com/adanftapp): Another AMM DEX and accompanying NFT dapp, looking to build out a DeFi ecosystem + +[@Kubecoin\_](https://twitter.com/Kubecoin_): Digital currency that aims to revolutionize the leisure and travel industries [@Ensuroproject](https://twitter.com/Ensuroproject): Aims to be the first decentralised, fully licensed insurer + +[@artano\_\_io](https://twitter.com/artano__io): NFT platform built for artists and collectors on Cardano. + +[@CardaxDEX](https://twitter.com/CardaxDEX): DEX, powered by the EAMM protocol, providing liquidity to Cardano native tokens [@ridotto\_io](https://twitter.com/ridotto_io): cross-chain gambling & lottery protocol. Focused on transparency, anonymity, security, and fairness + +[@FlicktoMedia](https://twitter.com/FlicktoMedia): Community Media Launchpad aiming to engage the community to sponsor and fund new media projects + +[@blockademia\_aci](https://twitter.com/blockademia_aci): “proof-of-truth” document verification. Publishers issue docs (diplomas/certificates etc), and end users check authenticity in app + +Source: cardano\_whale (twitter handle) + +EDIT: Cardano entered the smart contracts era mid-September 2021, all MAJOR DEXes are under audit by external parties cause devs care about people's money and want to avoid rug pulls seen on other chains. So, my current estimate is that all this will come in Q1 '22 and some might even drop earlier as Xmas/New Year presents :). +The other driver was at fault and we got a witness to state they ran a red light in the police report. Thankfully both drivers are in overall good physical condition with only minor injuries. + +We are still unsure if the other driver had insurance, this all happened last night. My girlfriend had been saving up money and looking for her first car for quite some time, and made a down payment of $1000, owing another $3000 through monthly payment. She is really bummed and I want to do what I can to help her with the legal side of this (hospital bills, car payments, etc) + +She did not have insurance, having bought the vehicle the day before, so we are not sure what to do in this situation. Any advice would be greatly appreciated, thanks r/personal finance ! + +Edit: not 100% positive but it also appears the dealership sold her the car and allowed her to drive off the lot without insurance. It was her first vehicle so she didn't know that she or the dealer was doing anything wrong. If this is in fact true, will it change the outcome in any way? + +Edit2: thanks for the responses, the car was purchased from a 'buy here, pay here' dealership so I think that might shed more light on the lack of insurance at time of purchase issue. This was her first car and I don't know if she fully understood or was explained the process at the time of purchase. + +You all have been so helpful, thank you. + +Edit3: really was not making this post for a pity party, I have received some pretty unkind words from some redditors but overall you guys have been unbelievably helpful. I just want to do what I can to try and help her, this was a big step in life for her! I'll come back with an update in the next few days, again, thank you r/personalfinance for everything! +Apparently we’re all saying this now, but I am not a financial advisor and you should do your own DD. With that being said, I present you with the following: + + +I’m a fan of DFV the man, but I’m more interested in really **really** deep fucking value. This will likely be a long post, but I think you’ll find value in it if you can follow along (see what I did there?). + + +For those of you kids who can’t read good, I’ll put the **TLDR** right here at the top: KT Corp ($KT) is so undervalued it’s almost fucking embarrassing. When I say undervalued, I don’t mean by a little bit… I mean if this thing doubled it would still be a good value. At the time of my writing this, KT is trading at $10.62. **A realistic price target, if the market were to properly value this company, is ~$30.00** I’ll go in depth as to why as we continue through this story, but the long and short of it is the Tangible Book Value of KT Corporation is $19.66/share. What does that mean? It means if KT declared bankruptcy tomorrow, was forced to sell off all of its tangible assets and pay back its debt, the remaining money to be returned to shareholders would be $19.66/share. This does not take into consideration intangible assets – which have real value (in the $BILLIONS), but are harder to assess. Again, it’s trading at $10.62 as of this writing (a price/tangible book value of only 0.54). Value investors typically look for stocks trading at <3.0 price/TBV. Deep value would be <1.0. KT is trading at 0.54, and a price/book ratio of 0.42! + + +Shares are cheap, options are cheap. Do what you will – hell, sell it short if you want – but I like shares and calls. + + +**KT CORPORATE PROFILE** + +KT Corporation (formerly Korea Telecom) is a South Korean integrated telecom conglomerate which was founded in 1885 – but realistically in 1981 in a more noticeable form – with business operations sprinkled throughout Asia, Africa, USA & Poland. KT is South Korea’s first telecom company and dominates Korean market share in many of the spaces in which they compete: + + +**Line of Business** | **% of Korean Market Share** +:--|--: +Mobile Services | 31.4% +Fixed-line local telephone & VoIP | 64.9% +Broadband Internet Access | 40.9% +Pay TV Services | 31.6% + + +As a conglomerate, KT has their hands in a number of diversified pots. + +**Products & Services** | **% of Total Revenue** +:--|--: +Mobile Services (incl. 5G) | 27.3% +Fixed-line (incl. VoIP, broadband, data comm.) | 19.5% +Media & Content | 10.1% +Financial Services (incl. credit card solutions) | 14.6% +Other (incl. IT, network services, real estate development) | 11.6% +Sale of goods (primarily mobile handsets) | 16.8% + + +Corporate Location Map: + +https://i.imgur.com/syXIRxy.jpeg + + +KT has ~30% institutional ownership, with BlackRock being a large buyer in Q4 2020. KT has also filed paperwork for a massive share repurchase program. For what it’s worth in this day and age, the short % of shares outstanding is a measly 0.09%. No one is going short on this thing at its current price. You’d literally have to be insane to short it – it’d be like picking up pennies in front of a steamroller. + + +**FINANCIAL METRICS & PEER COMPARISONS** + +KT’s balance sheet is rock solid. While it may not have the booming high growth of clean tech or cannabis, it is still growing and maybe more importantly, doing so profitably. I touched on the tangible book value in the TLDR above, but this cannot be understated. If you were to liquidate the company entirely, shareholders would receive $20-30 per share after the debt had been repaid. I have highlighted some comparison ratios in the images below to show the truly disgusting undervaluation of KT. + + +Compared to US-based telecom services index peers: + +https://i.imgur.com/iOmE5mI.jpeg + + +Using a comp multiple for valuation based on these index comps gives the following implied value per share for KT ranging from $26.33 - $109.88 (unrealistic top end): + +https://i.imgur.com/0hYg7Zy.jpeg + + +Compared to industry peers/comps: + +https://i.imgur.com/lT8uPvh.jpeg + + +The following comparison is really the tale of the tape. When we look at tangible book value, we see that all of the peers are trading above the tangible book value. This is obvious, given the share price should exceed the liquidation value. But we see the opposite being true for KT. Again, **it is trading at HALF of its tangible book value.** You could theoretically buy up all of the existing shares, liquidate the company, and double your money. This is what I mean by real **deep fucking value.** + +https://i.imgur.com/vGaVp9b.jpeg + + +Not that we put much weight in them around here, but all of the analysts are bullish on KT as well, with median upside of 33%. + +https://i.imgur.com/Buhxpqq.jpeg + + +They just published their updated earnings presentation and have positive forecasts for growth as well: + +https://corp.kt.com/eng/attach/record/2020/KT%20ER%20PT%204Q20%20ENG_FIN.pdf + + +I am long shares and 07/16/21 $15 calls. + +Everyone looks for the **TLDR** at the bottom (I put it at the top of the post), but here it is: + +Massively undervalued, $30/share realistic price target, it's trading at half of its tangible book value - meaning you could theoretically buy up all of the shares, liquidate the company's tangible assets, pay back the debt and be left with 2x your money and still have all of the intangible assets. This is REAL value. +I am not asking what stocks to invest in, because if you all knew that, every one of you would be a billionaire. I am new to investing and trading, so I want to keep an eye on various stocks and research them, however I do not know where to find a diverse group of stocks to watch. Any advice is very appreciated, thanks. +Canadian, Single, No kids : + +* $1.1M Cash +* $400,000 House +* $200,000 RRSP +* $900,000 in stocks to be liquidated/dividend + +I sold the family company after working there for the last 20 years. I had 3 active business to run, plus a Trust company owned by my dad. + +My sisters had equal shares in the 3 companies but did not work there, they will net around 1.9M each from the transaction. The last 2 years were a pain in the ass, so much ups and downs. I just hope the whole thing doesn't destroy the family. Some of my sisters are pretty good with money, others not really so I hope they will be smart about it. + +I had a lot of pressure to succeed but I did not feel the drive to excel at my job, I decided it would be better to sell the company while it was profitable instead of just letting it slide to chaos. + +I am relieved but wary of the future, it so very fresh I cannot even process the fact that I am retired at 37. So fresh, I have the buyers check in my possession and I have not deposited it yet. + +My house is payed in full so I plan to withdraw around $60,000 a year and see how it plays out, such a big difference in lifestyle, I don't know what I will do next... Just had to share. +We all saw the RC [tweet](https://twitter.com/ryancohen/status/1582212373985005569) with Ryan Cohen next to Carl Icahn and a computer chair. + +You might remember this [2013 Forbes article Carl Icahn Is Squeezing Bill Ackman To Death With Herbalife Trade](https://www.forbes.com/sites/nathanvardi/2013/07/22/carl-icahn-is-squeezing-bill-ackman-to-death-with-herbalife-trade/?sh=7a9785ba15e5) where Carl Icahn [made about $1B](https://www.thestreet.com/markets/mergers-and-acquisitions/it-s-over-icahn-beats-ackman-in-battle-over-herbalife-14505289) squeezing Bill Ackman who shorted $1B on Herbalife [losing close to $1B](https://www.investopedia.com/news/billionaire-bill-ackman-dumps-herbalife-ending-5year-war-betting-against-it/): + +>Icahn suggested that the "daughter" of all short squeezes had already begun in Herbalife's stock. + +Interesting... the *daughter* of all short squeezes (DOASS) starting in Herbalife stock in 2013. Sounds like Icahn already had some ideas there is a mother because: + +>Icahn predicted that Ackman's Herbalife investment could produce the "mother of all short squeezes." \[[Id.](https://www.forbes.com/sites/nathanvardi/2013/07/22/carl-icahn-is-squeezing-bill-ackman-to-death-with-herbalife-trade/?sh=7a9785ba15e5)\] + +Why not? After all, Icahn now has another billion dollars to invest in the next heavily shorted value company. + +Almost 10 years later, we see a heavily shorted basket of stocks including GME, BBBY, and 🍿/🦧. + +*What if* Icahn and RC saw MOASS coming because the shorts had already dug such a big hole for themselves a decade ago that the only path forward for the shorts was to keep shorting and juggle. But, constant stimulus followed by COVID kept all the abusively shorted companies from dying. + +*And what if* during that decade, RC & CI kept an eye out on all the heavily shorted companies (not hard when [Goldman Sachs published a list for short sellers to target](https://www.reddit.com/r/Superstonk/comments/x3oixj/goldman_and_bank_of_americamerrill_lynch_tried_to/)) looking for ripe turnaround opportunities. + +RC then stepped in to turn GME around. And, in the background, Icahn has been turning BBBY around. Two billionaires, side by side, saving great companies with immense potential to turn them around -- a move that would naturally lead from DOASS in 2013 to MOASS *tomorrow*. +I apologize in advance for the length, but there is a lot to cover here and I’ve tried to be as thorough as possible. + +I’ve noticed a lot of folks on this sub asking about crypto-lending platforms and what they should consider before abandoning their APY-challenged, traditional savings accounts and parking all of their money in stablecoin via BlockFi, Nexo, Celsius, Voyager or others. I thought it would be valuable to go over what I think are the most significant risks involved with this approach and thus what people should be thinking about before making the switch and going all-in. This is by no means an exhaustive list, but I do think these are the most material risks. I’ve also included some risk mitigation techniques that I am actively using in hopes that others will find them useful as well. + +**Counterparty risk/risk of default** + +The reason interest rates are so high on these platforms is because your crypto is not sitting safely in cold storage, but rather is actively being loaned out. People often mistake the personal loans that they can take from these companies as the main type of lending that they do. That is not the case however, and most of these companies are actually loaning your crypto on a much bigger scale. This comes with considerable counterparty risk regardless of what the company has advertised as their LTV. The reality is that there is a non-zero risk of each company not being able to call back its loaned capital (your crypto). This risk is exacerbated by extreme market conditions or tail events which can lead to significant losses for the company. In these cases, it would be you and your crypto on the hook. + +A risk mitigation strategy that I practice is to spread my funds across multiple companies to avoid a total loss if one platform experiences issues with defaults. However, given that the risk intensifies with extreme market conditions, it’s possible that several companies could be impacted at once. Continuing to hold at least some funds in fiat further mitigates this risk. + +**Cyber risk** + +This is the risk of a hack to either your personal account or the platform itself. One broad mitigation technique is again to spread funds across multiple platforms to avoid a total loss if one of your accounts or one platform is hacked. + +Account hack: This risk is considerably greater than the same thing happening to your online bank for example, given that once crypto is gone, it’s gone. The mitigation of this risk in entirely in your hands, however. Recommended actions include using a different, non-public email address for each platform that you use, setting strong, unique passwords for each account, enabling 2FA through an app rather than via SMS, and whitelisting addresses where available. + +Platform hack: Unlike account hacks, this risk is generally totally out of your control. There have been hacks to platforms in the past with significant losses and there will be hacks again in the future. Although this does not eliminate the risk, it is important to use only companies that you consider trustworthy and that demonstrate their concern for cybersecurity. While requiring that the company has some sort of insurance coverage is a good strategy, keep in mind that in the event of an extreme loss of assets, it is unlikely that their insurance coverage would even come close to making you whole. + +One broad mitigation technique for both types of hacks is again to spread funds across multiple platforms to avoid a total loss if one of your accounts or one platform is hacked. + +**"Stablecoin risk"** + +The question regarding these platforms is often, “Why shouldn’t I put all my savings in stablecoin on <insert platform> and earn 8.5% APY?” Setting aside the first two risks, there is also the risk that stablecoins are USD pegged, but they still aren’t USD. Without going into too much detail here (because you could write a whole post comparing/contrasting stablecoins and each one’s actual stability) what it essentially comes down to is that the value of these stablecoins depends entirely on the adequacy of their reserves and whether they are fully-backed and always-exchangeable for actual USD. Let’s call it the USD-standard. While most are audited, there still exists a non-zero risk that the USD-standard fails either through insolvency, fraud or something else. Obviously your funds held in stablecoin are not insured by any government backed insurance programs, so any risk event leading to those stablecoins not being as stable as advertised would fall on you. A mitigation technique that I practice here is to not hold all of my funds in one specific stablecoin, but rather spread out across USDC, GUSD, BUSD to avoid a total loss given an issue with one of them. + +**Investment/FX risks** + +We can call this an honorable mention since, in comparison to the first three, its high frequency/low severity nature and ability to be mitigated or avoided entirely make it less significant. Not only that, but there are scenarios where these risks yield favorable outcomes. First of all, by investment risk I’m referring to the option that many platforms have of receiving flex interest or interest not in-kind. You deposit stablecoin and they pay you interest in Bitcoin. There is clear investment risk here as a receiving your interest payments in a volatile asset could negate your gains and could leave you even worse off than the 0.5% APY your bank offered. In terms of FX risk, this impacts a lot of folks outside of the US whose options for stablecoins are almost exclusively USD pegged. Unfavorable movements in the FX rate between your native currency and USD could result in both your capital and interest payments being worth less to you than initial deposit. + +Mitigating/avoiding the first is relatively straightforward here. Either earn your interest-in-kind or in assets you believe have upside while knowing that you are taking a risk. In terms of FX, this is harder to mitigate if using USD stablecoin is what’s required to participate. However, you may be offsetting some currency risk to begin with by diversifying your savings across more than just your native currency. +I have been doing a lot of research into BAT and have collated some interesting quotes that detail things that are not explicitly outlined in the white paper. If you don't know anything about BAT, you can read more about it [here](https://basicattentiontoken.org/). + +**How will they get people to use BAT? Will they always have to use the Brave browser?** + +> "We [...] envision a number of ways in which the BAT will extend beyond its initial base, the Brave browser. We will build the BAT platform on top of the Brave browser, but this is just one interface for BAT. As we develop the BAT protocol, we envision developers coming up with new and novel interfaces for BAT. +> +> Some of these could include: +> +> - Other browser extensions: One obvious use case for the BAT is for it to be used inside other browsers through extensions. This means that the BAT ecosystem will extend out to anyone using any of the current popular browsers. +> +> - Telegram bot: In messaging apps like Telegram, we foresee the possibility of users being paid in BAT to view one ad. +> +> - WeChat official account: WeChat has become a robust system of bots, payments, and other solutions. We foresee the creation of different WeChat solutions integrating the BAT. +> +> - Token and Status: The BAT also has attention-based applicability inside the Ethereum-based messaging/payment platforms such as Coinbase’s new Token app and Status app." + +https://basicattentiontoken.org/driving-user-adoption-and-extending-the-bat-platform/ + +From what I have seen on Slack, it seems one of the challenges to integrating Brave as an extension is the machine learning algorithm used to supply targeted ads. However, from Brendan Eich on Slack: + +> "BAT is for more than Brave, we want collective bargaining power with "buy side" for opt-in zero-knowledge ads. but we also give users tokens to download and use Brave with opt-in, that's one of the big reasons for the token: to remonetize our users +> +> [...] +> +> "after the launch i'll talk to friends at Mozilla and Microsoft +> +> [...] +> +> "Brave is first, but see above about Mozilla and Microsoft; i'll talk to Opera, Vivaldi and Yandex too" + +https://basicattentiontoken.slack.com/archives/C4MST7RDM/p1494730920171534 + +**How large is the existing Brave user base?** + +> "Regarding install base: We haven't disclosed growth yet but our download numbers on app stores are public. We are aiming for 1M MAU this year. We'll be growth hacking this summer, after the sale." + +www.np.reddit.com/r/BATProject/comments/6cvh2d/unanswered_questions/dhyd84t/ + +FYI: Brave has between 100-500k downloads on the Google Play store with an average rating of 4.3 from over 7,000 reviews. https://play.google.com/store/apps/details?id=com.brave.browser&hl=en + +Download stats are not available from iTunes app store, but it also has a rating of 4.3 from 270 reviews https://itunes.apple.com/us/app/brave-browser-fast-adblocker/id1052879175?mt=8 + +I couldn't find anything regarding this download stats from desktop, but I found this from Brendan Eich on Slack: + +> "Brave's [user base is] already bigger [than Ethereum's]" + +https://basicattentiontoken.slack.com/archives/C4MST7RDM/p1493924714101972 + +**Do they have any existing publishers using the platform?** + +> "We have over 150 verified publishers. We don't publicly disclose which publishers have been verified without explicit permission, or how much they've been paid out." + +https://www.np.reddit.com/r/BATProject/comments/6cvh2d/unanswered_questions/dhyd84t/ + +EDIT: Brendan Eich: "We have onboard 157 sites so far with 150 more in the queue [...] some of the sites are really big, we'll announce their names soon. We're making sure they are okay with that." + +https://youtu.be/h_jtopVp8dk?t=11m30s + +**How do they prevent bots abusing the platform?** + +> "For users that are awarded BAT for downloading/installing Brave and opt'ing into BAT (the user growth pool), KYC (Know Your Customer verification) will be required before those users able to exchange BAT to fiat. +> +> Users with existing BAT purchased from the token sale or exchanges in advance will not have to go through the same KYC, as they already have an existing wallet and BAT prior to the install and BAT opt-in. +> +> Verified Publishers have KYC'd as well. +> +> Ads will be pre-registered, sandbox-executed and verified when initially ingested into the platform. We're working on additional methods to watch for and prevent sybil attack routing of megaBATs to a KYC'd user. +> +> We're planning on using a strategic implementation of efficient local mobile sensor heuristic algorithms to help further detect genuine users from bots (for mobile). We are shooting to include early methods in our initial mobile trials that we're aiming to run this Fall. +> +> BAT Ads are going to be served progressively in private user channels (separate from in-page content) in the browsing experience. Part of that overall experience is an emphasis on fewer, higher quality ads as opposed to the current race to bid and serve multiple ads per pageload in the existing ad model. We're going to be testing some serious frequency capping to help reduce the scale of potential abuse. Our loading strategy is to only trigger and display an ad at the most opportune time, when the slot is in view. Additional checks will be performed at regular intervals for non-human traffic patterns as a part of the overall effort. +> +> We're also working on some additional defenses with click URL behavior. Potential for fraudulent traffic for users that have been awarded BAT in Brave, but have not KYC'd, is also an area we're going to dedicate time and effort into modeling and testing." + +www.np.reddit.com/r/BATProject/comments/6dlp8q/bot_detection_for_brave/di3om47/ + +**Finally, two conflicting quotes from people working in marketing:** + +> "I work for an ad network and I’ve been working with digital advertising for 8 years (not huge experience, but it has been my day-to-day since then). BAT is like the “ideal” setup on how online advertising should work. Currently it’s a shit show. Year after year I wonder how this is still standing. Fraud is a huge issue (to the point where Google states that over 50% of their traffic are bots). Now I’m not sure if BAT will be successful or not (no crystal ball… yet) but it’s definitely a move towards the right direction. At least on the digital advertising ecosystem" + +https://basicattentiontoken.slack.com/archives/C4MST7RDM/p1494974643976951 + +> "i've been working in a digital-advertising agency for a while now and i CANNOT wrap my head around BAT/BRAVE, i just can't. their whole premise about digital advertising being fundamentally flawed, if not broken, just doesn't ring true. the metrics are there and they're working, the methods for re-targeting/re-marketing are there and they work, too, and their usage is becoming more and more sophisticated. plus who on earth opts in to see ads in return for some odd crypto-token that can then be granted to content creators? sounds like an at least unconvenient trade-off to me. somebody please enlighten me." + +www.np.reddit.com/r/ethtrader/comments/6bk2kx/clearing_up_some_confusion_basic_attention_tokens/dhnzdsk/ +As many of you might know, I'm pretty heavily against technical analysis. I thought maybe I'd expound upon that a little bit, and explain my views on why I think it is so dangerous. First off, my background: Masters degree in Financial Mathematics and a prop trader for 6+ years now. My schooling was literally spent learning random walk theory and quantitative trading strategies. I have spent 6 years seeing enough crazy shit in the markets for one lifetime. Trust me when I say this: it does not work. + +The most obvious way to evaluate whether or not it works, and this requires zero research/analysis is to ask yourself, what professional trader uses this? The answer is no one. Not a single successful trader I've talked with in the past 6 years has said to me "oh yeah I trade based off the lines I draw." Today, there are several competing trading strategies. One is algorithmic trading. They leverage their speed/execution, and utilize very micro-level correlations. (If X traded up on the offer, buy Y and sell X on a rally, assuming X and Y are correlated). Another is fundamental (Jobs report came out positive, meaning the Fed is likely to raise interest rates, so let's bet on a flattening of the yield curve). Another is what's called scalpers. This is as close to TA as you'll come but really only useful on a VERY short time scale. Scalpers find TEMPORARY imbalances in supply and demand. Stock is trading $10, positive news comes out, quickly starts rallying, sell a bit at $11, more at $12, a LOT at $13, and try to cover all at $12. The levels they choose to start selling (and amount sold at each level) CAN AND OFTEN IS dictated by Technical Analysis. Sometimes traders go off of feel, but sometimes a nice pretty trend line can serve as a visual cue for where they would like to enter and exit a position. Keep in mind, this is COMPLETELY different than the way traders in this sub have chosen to utilize TA. + +Next, people need to evaluate the relative impact of fundamental analysis. A stock price which goes +/- 2% a day is NOT likely to be impacted by fundamental analysis on a day to day basis, which means all short term price fluctuations are noise, or imbalances in supply and demand, and TA is MORE likely to be used/useful (yet still ultimately garbage). Traders need to make a buck somehow, and they'll try anything, but ONLY if the situation is safe enough to try it. Ethereum is NOT that safe asset. Ethereum price fluctuates by 0-99% a day. And now this next part is the one that's very important + +Divvy up the asset price's fluctuation into these 2 categories: Fundamentals and Short term Supply/Demand. In my mind, Ether price is dictated somewhere along the lines of 75% fundamentals and 25% Supply and Demand. What's the difference between these? What I mean is, positive news comes out and the price explodes, but then a day later, in the absence of ANY news, the price starts to taper off, due to profit taking (i.e. short term change in demand). Now within the 25% of Supply and Demand, you have to assign a percentage impact of technical analysis. In my mind, that could be maybe AT BEST 50%. Meaning when whoever wants to buy or sell, at best half the time it could make sense according to some arbitrary lines or indicators. Which means, based on the numbers I've chosen for this exercise, technical analysis has at BEST a 10-15% predictive power over the price of ether. That is MINIMAL. + +Traders, in THIS market (contrary to the stock price that barely nudges up or down) need to be paying MOST attention to what affects the asset's price the MOST. That is clearly the fundamentals. This is a revolutionary technology that POTENTIALLY could take the world by storm. The fundamentals will take us to the moon, not your support line. + +A few weeks ago, all the short sellers got caught in a plethora of positive news. Microsoft endorsement, Slock.it partnership with RWE, Bitfinex rumors, and on and on. The short sellers got decimated. Yeah when NOTHING was happening, they could make a buck here or there, but this PARTICULAR asset is driven largely by fundamentals, which I shouldn't need to mention are completely random and unpredictable. Now, I'm seeing traders fall into the same traps again. We just passed homestead, we're getting media coverage, firms are interested (i.e. REAL fundamentals at play), and you clowns are playing with a box of crayons. This is why people warn against day trading from home on their Schwab account. Most people don't do it properly. + +Now, why the fuck do I care? Why am I so angry about this all the time? Because I actually care about people maximizing their chances of making money. I literally want not only Eth to succeed, but the traders on this sub to profit as well. Unfortunately the reddit format lends itself to the loudest (not the smartest) traders being heard, and it just really irks me. Traders on r/ethtrader and r/ethereum are the front line foot soldiers right now. We need to be successful and help each other. We need to spread the good word. We're price discoverers, and we need to prepare ourselves as best we can. +I posted that on the daily thread, but I just wanted to get this rant off my chest and maybe some of you answer or read this here. + +So many people here only complaining and complaining about "bitcoin community is so toxic", "upcoming fork doesn´t bring free money", "bitcoin has way more recognition and hype" and "ethereum is so much better than bitcoin" and whatever it is and predicting prices and doing trendlines and stuff. So what? + +This all looks no different than politics to me. "Hey we are the Ethereum party, and look at what Bitcoin party does wrong, and how their party is full of toxic people." Maybe we should slowly start thinking about a different approach? Maybe we could start to actively promote the advantages of Ethereum without comparing it to Bitcoin at all? Instead of complaining that Bitcoin has "the first mover advantage" and the "hype is only about Bitcoin", try to take an active role and do what you can to create some hype for Ethereum. But not a fake hype. Or hype on facts and stuff that is actually possible, and already happening as of today. + +Example: Probably some of you and your friends travel / take the plane to your holiday destination from time to time. Go and send this nice and easy to understand fizzy video from AXA to some people you might know to show them the advantages of Blockchain technology and Ethereum. You don´t even need to mention Bitcoin at all. + +Here´s the link btw: https://www.youtube.com/watch?v=xJZulZ_-CMI + +All this Bitcoin-shaming is doing, is making Ethereum look bad. Tell them that once PoS gets released (and the PoS/PoW hybrid will be here way sooner than everybody thinks, if you go and look at the dev meeting, which took place yesterday btw) that each and every one of them can actually benefit from this new technology and contributing to the success and the stability of the network. + +And stop caring about the price damn. If you all care so much about the price, then you have ignored rule 1-10 of investing, where each rule says: "Don´t invest more than you can afford to lose". Imagine that amount of money you put into Ethereum being set on fire. Could you still sleep well at night? If the answer is no, then you care way too much about the price. + +Let me add more to this. Maybe we could also collectively start and promote and support actual projects with actual use cases and a team who stands behind their project no matter what. First we could take like 10 minutes of our time, and read the whitepaper of the project or whatever it is and get your own opinion. Then we wouldn´t have to deal with scammers, who cash out their funds all the time or other scammers who pay for Google Ads to lure people into sending ETH to the wrong ICO address (looking at you damn Enjin-scammers who got at least 150.000$ by posting a fake address via Google Ads). Sure it´s the people´s own fault, but it happened and we shouldn´t have to deal with that. + +Just yesterday I watched a 1:20hr livestream of one project you all might know, which will release soon a very important project - in my opinion - which is rather huge for mass adoption to make it easier to buy and sell ENS names - Name Bazaar. Nobody would need a crappy 0x address and scammers would have it a lot harder to scam people, if more ICO´s would make use of an official ICO address (well done Request btw who did exactly that). Btw that would be another thing where ETH is in an advantage position compared to BTC which doesn´t have that feature (at least that I know of). So back to that livestream. You know how many people watched that? When I watched we were 10 people. 10. People. 10 People interested in ENS, and the project behind that, and other projects of that team. Another example: On Friday the ETH devs had dev meeting. Vitalik spoke about PoS/PoW hybrid being implemented so damn soon. You know how many people watched that live stream? Where you could hear the actual developers talking about the current state of ETH instead of listening to some useless FUD in this subreddit? It wasn´t even 200 people IIRC. ETHtrader subreddit has almost 100k subscribers. Only 200 took the time to actually listen to what is going on with ETH. Sad. + +Pathetic if you ask me. Instead so many of you go into daily thread, complain about BTC rising up and getting hyped and so on and so forth and complaining and complaining all day long if ETH doesn´t go to moon while another coin does. Yet you don´t even care about the real projects, which will bring real adoption and don´t support the devs and actually listen to facts instead of this crazy FUD on here all the time. + +My 2 cents, bring the downvotes, maybe at least some of you read this. + +Yes I own ETH, OMG, DNT, FUN, MTH and REQ. No I don´t own BTC but I have been in the crypto space since 2013, where I bought my first Bitcoin for 120€. + +EDIT: Oh and btw don´t ever forget something else - so many things which are way more important than making money and loosing money and caring about which shitcoin is going to blow up in the next days and why BTC rises while ETH doesn´t. Friends and family might be one of those things. + +EDIT 2: Thanks for reddit gold kind stranger! Just PM me to say thank you to you personally and maybe you could give me some feedback on why you gilded me :D! +Well, if you all could be somewhat genuine for a moment. I am not asking to make a decision for me, I am just saying, what is there that I could do. Advice if you will. + +I bought around 1356 ETH for around 32.5 BTC (at .024) or at the time around $13,700. So a little over 10$. Well, since then I've had a few opportunities to sell at a price I would have been fine with, say at a $700 loss last week. But of course, I didn't. I am now at 23.5 BTC or $10,500 from $13,700. I have never looked into margin trading or anything, I just bought and hope the value of my Ethers will go up. + +It seems the general sentiment is that ETH is overvalued in the short term and it seems that it will take quite a while for true uses to come about due to the nature of dapps. I can wait two months, but not a year for this thing to turn around. + +So now I am confused, obviously one could sell at this loss. But other than this, what else is there? + +EDIT: Just to add a few lessons I've learned. I should have invested no more than $3,000 given my net worth. I cannot afford to lose the money I put in. As well, establish a goal/strategy before I trade. This should have been a short term investment for me. If I could, I would have made sure I liquidated every night. Lastly, anytime you're in the green its a good time to sell. I was over $14,000 one day but I just said, egh, I'll sell tomorrow. +# Boring intro + +Moderators and admins have power. Overtime, they always seem to **gain** power, instead of losing it. + +Let me illustrate with numbers and using EthTrader as an example: + +Subscribers: 204 814 + +Moderators: 8 + +Administrators: 1 + +It has always been my belief, in any internet community, that a community is built and maintained by its users. Yes, the admin has initially started it, perhaps promoting it. But the idea behind it flows into the minds of the users who do something creative with it: they are the ones actually building the community. + +Moderators and administrators should only guide this big group of users. And I do mean **guide**. + +&#x200B; + +# From handling a classroom to handling a city + +I joined EthTrader when there were about 400 users. And if I remember correctly, there were maybe 3 moderators? But let's be conservative in my estimations, and say there was only 1. + +That is 1 moderator to moderate 400 users. + +**Today**, there are 9 moderators (administrator included) for 204 814 users. + +That is 1 moderator for each 22 757 users. + +Visualize this for a second: + +From 400 users per moderator, **to 22 757** users to handle, per moderator. + +That's quite a gain of power. + +I'm not going to get into the ethics of this today, some here know what I think about it (*hint: I find it quite disgusting*). + +But it's apparently donut discussion day so I'm going to focus on the donut part solely. + +&#x200B; + +# Donuts: A case for 0 % donut allocation to moderators + +Donuts are tradable. Meaning they have become a store of value. Money. + +On top of moderators now each owning 22 757 access keys of users to this community, they now even get paid for it. + +**Maybe some history lesson for the new folk here would be appropriate:** + +With this, I see multiple attack vectors being opened toward our community. + +Yeah, people here accuse me of always being overly dramatic. But most of them weren't here when we got Goxed, Theymosed, Blockstreamed, Barry Silberted. ETCed. so please excuse my negative experiences with power being combined with money. + +Sorry, back to the topic at hand. Donuts. + +The very least that we can do, now that Donuts can be traded... is bringing this money-reward system for moderators down to 0 % + +*Honorable mention: I'm happy that moderator* /u/Mr_Yukon_C *already calls the donuts* [*being a failed experiment*](https://np.reddit.com/r/ethtrader/comments/aiq8o7/stop_donut_sales_to_preserve_sybil_resistant_polls/eeqd5v4/) *in the scenario of them being tradable.* + +Boys, The bottom line is this: + +Being a moderator is **not a job**. It is an honor. And should be seen as a free public service for the community. 0 % donut allocation for them. + +Let them gain donuts for what they comment and what they post, + +reminding them that, in the end, they should see themselves as users just like any of us. + +[View Poll](https://www.reddit.com/poll/aivr2n) +I'm fairly young (20F), in undergrad, and looking to work as a PA someday. I feel like I'm going to be missing out on alot possible income right after I graduate because I hope to be doing service work out of the country for a bit, and then after hopefully being accepted into a PA program where you're strongly encouraged not to work at all (plus loans, ick). I have an emergency fund that I want to divvy up and invest in something stable (don't know what yet) for those ~5 or so years, but for now it seems like I'm missing out on a lot working a minimum wage job and then leaving. Also, if anyone is in healthcare that's become FI holla at me! (this sub tends to be a lot of engineers, I've noticed). + +Please let me know of any format issues this is my first post. +Edit 7/29/15: PA = Physician Assistant +With a massive 172412 readers of the Bitcoin thread and only a meagre 357 users on line when I logged in . Are people losing interest ,migrating to other forums or is the content just boring ? +Long story short, I was fired 5 months ago and have had a really hard time bouncing back emotionally and financially but I was determined to go to a company that wanted me rather than settling again. + +Well, after some grueling interviews and harsh rejections (but many lessons learned), I'm so happy to say I have accepted a position today that pays $24,000 more than I've ever experienced (plus equity in the company!). + +I'm emotional but so incredibly grateful. Stay strong and keep pushing to improvement your lives. Determination pays off! + +Edit: thank you all so much, I survived through your budgeting advice and positivity. I wish I'd spoke up before but I hope I'm conveying how thankful I am now. + +Second edit: these responses have been incredible and I want to help if I can. I learned a lot from my many interviews and if I can give any advice I would love to. If you want to chat I would be honored to help. + +Third edit: My first gold! Thank you for the kind words and support!!! +RC hasn’t tweeted for 21 days (not including today) and I believe that is the longest period for which he hasn’t tweeted. + +I believe that we won’t get any more tweets by him until after MOASS. Sending us through a scavenger hunt to understand direct registration and computer share was the last missing puzzle piece and he wasn’t allowed to tell us anything directly, because if corrupt regulation that makes it illegal for companies to tell investors to direct register. + +We are very smooth brained, but we finally figured it out. I bet him and his lawyers were equally frustrated and having a great time thinking of ways to make us finally GET IT. Lol + +Don’t be dismayed by bis silence, be exalted. Ryan is leading us to tendie land as we speak. I bet he monitors the rising numbers of certificates at Computershare like a hawk. + +The sooner the float is fully registered directly the sooner Ryan can roundhouse kick Kenny in the face. + +I will see you all on the other side of the moon. + +This isn’t financial advice and this is pure speculation. +I always scratch my head a little bit when I hear about people quitting the rat race in December. I would expect just working a few months into a new calendar year is optimal because you can: + +- Max out another year of 401K contributions. + +- Max out a deductible IRA. + +- Max out the standardized deduction/ personal exemption (income taxed at 0%) + +- Maybe even max out the 10% or 15% tax bracket of income if you think that's smart. + + +We are talking about at least $30k of tax-free or low-tax income potential here. Does this make good sense or am I missing something? +Why I went heavy on $DGLY: + +TLDR; BUY ASAP 🚀🚀🚀 + +In the wake of the protests sparked by the death of Georges Floyd, it appeared clear that the country was ready for a serious conversation about law enforcement. More specifically, one measure that is accepted and even sought after across the political landscape (Democrats, Republicans and even civil society) is the use of body cameras for police officers. Why? Simply because that measure can play positively on both sides of the narrative: + +· For police officers: it can be used as a powerful tool to hedge themselves from accusations of use of excessive force in a given situation. If an incident where someone is fatally shot occurs, a video recording from the police officer’s perspective will dissipate any doubts on his behavior and will end the debate very quickly. + +· For the victims: if abuse of power or excessive force was used, the body camera will show it and the victims will be able to use that to leverage their positions/claims in a court of justice, for instance. + +As I am writing these lines, protests, riots, lootings, and mere destruction of private and public property is ongoing. The social unrest, combined with the fact that we are heading in an election in a few months, commands an immediate response from the politicians. There is no way Trump and the GOP can stay idle while the country is burning. Playing wedge politics to divide, conquer and win elections is a powerful strategy, but Trump has reached the ‘’circuit breaker’’, the limit; he can’t push this further, or Republicans will straight up lose the elections. Polls showed this week that Trump was losing ground to Biden amid this social unrest. + +Something needs to be done, and that is precisely why Tim Scott (a Republican Senator - South Carolina) is currently drafting a bill to be introduced in the House. This bill will ‘’[increase funding for police body cameras and penalize not wearing them by reducing grants](https://thehill.com/homenews/senate/502337-tim-scott-to-introduce-gop-police-reform-bill-next-week)’’. Democrats came up with their own Police Reform Bill (also forcing police offers to wear body cameras), but most of its content was shut down by Tim Scott. Among other things, Democrats’ bill targeted police officers’ "[qualified immunity](https://www.ft.com/content/b98530d4-aa6f-467a-a018-08d91c420ef1)" which shields police from potential lawsuits. This is the reason it was dismissed by the Republicans. + +However, as you may have noticed, both parties agree on the use of body cameras for law enforcement officers. The Republicans bill will be [introduced in the middle of next week](https://thehill.com/homenews/senate/502337-tim-scott-to-introduce-gop-police-reform-bill-next-week). As far as the whole debate on police reforms goes the Federal level, **things will move fast.** The mandatory body cameras provision [gathers incredible support from **BOTH Republicans AND Democrats**](https://www.tribuneindia.com/news/world/most-americans-including-republicans-support-sweeping-democratic-police-reform-proposals-98142). Finally, if you listen to Trump’s recent public interventions (in Dallas for instance), he has stated very clearly that he will [fund the police more, and grand them more equipment](https://www.abc.net.au/news/2020-06-12/trump-stronger-police-force-amid-protests-george-floyd/12347540). + +**Additional critical information**: Sean Hannity, the infamous Fox News talk-show host, made a [very strong call on mandatory body cameras](https://thehill.com/homenews/media/501816-hannity-calls-on-abolishing-chokeholds-develop-rigorous-system-to-hold-crooked) on his talk show last week. As many of you already may know, [Trump and Hannity have a very close relationship](https://www.businessinsider.com/sean-hannity-donald-trump-relationship-2018-4), some even say that they share a brain. + +Moreover, if you take a closer look at what’s happening at the State-level, and even municipal-level, it is clear that the body cameras mandatory provisions + funding is happening as well. + +· New York passed its own bill, [making it mandatory for police officers to wear a body cam](https://edition.cnn.com/2020/06/12/us/cuomo-signs-police-reform-laws/index.html) + +· Nassau county is [planning to use body cameras as well](https://www.nbcnewyork.com/news/nassau-county-planning-for-police-body-cameras/2461821/) + +· Colorado’s [Police Reform Bill requires use of body cameras](https://www.cpr.org/2020/06/03/colorado-police-reform-bill-requires-body-cams-bans-chokeholds-and-moves-toward-more-transparency/) + +· Rockford (Illinois) police chief [wants body cameras for cops](https://www.rrstar.com/news/20200613/rockford-chief-mayor-and-officers-favor-body-cameras-for-police) + +· Denver’s police officers will be [required to wear body cameras](https://www.denverpost.com/2020/06/13/colorado-police-reform-bill-passes-legislature/amp/) + +· This could go on and on, but the idea here is that there is an overwhelming support for mandatory use of body cameras for law enforcers + +· Additionally, let’s not forget that [Canada has expressed a strong support](https://globalnews.ca/news/7043597/police-use-body-cameras-canada/) of body cameras as well (from Justin Trudeau, but from local politicians and even the RCMP itself) + +· With Calgary being the only Canadian city where bodycams are on, [Montreal is now on the verge of making body cameras mandatory for all of its police officers](https://www.cbc.ca/news/canada/montreal/body-cams-montreal-police-1.5595749) + +As far as the overall context goes for $DGLY, I don’t know if you see the picture here, but this is a landslide. And it is just getting started: there is a true bandwagon effect. + +Now, let’s take a look at the overall industry: + +· This industry has been dominated by a huge security and law enforcement company called AXON ($AAXN). Their former name was Taser International (yes, they sell a lot of taser guns – it is actually by far their core business, well before the body cameras). Their market cap is $5.63B as of June 12, 2020. In comparison, Digital Ally’s market cap is very low: $99M as of June 12, 2020. There are other competitors out there, such as L3 Technologies and Sturm & Rugers Co., and other ones but they are operating in a segment that is not as impactful for Digital Ally as AXON is. That is why I am focusing on AXON in my appreciation of DGLY’s future stock price in this DD for the competitors aspect. + +· Axon has had a good run in the past few years, because they did have a better product and they were able to keep the prices competitive by, among other reasons, outsourcing their manufacturing to China. However, in June 2019, Digital Ally has launched a new product called the EVO-HD that address their competitors’ new product features. According to Digital Ally, ‘’*This new product platform utilizes advanced chipsets that will generate new and highly advanced products for our law enforcement and commercial customers, and we believe will improve product revenues in future quarters*’’. In addition to this, DGLY is also exploring new commercial channels such as professional sport, NASCAR and KMC Brands, and so far, those have been quite successful at bringing new stream of revenues. + +**About DGLY’s financials**: + +DGLY’s revenues has been slowly bleeding over the past few years for several reasons. + +1- Legal fees occasioned by patent infringement litigation lawsuits regarding the ‘’auto activation’’ feature of their device (against AXON and WatchGuard – they settled with WatchGuard in May 2019 for $6 million dollars. As for AXON, the case got dismissed in first instance. The Appeal Court rejected their claims as well. DGLY is now deciding whether they should ask for a re-hearing by the Appeal Court for their claims). + +2- The competition & their products – higher quality, competitive prices, better marketing, better market penetration, etc. + +3- The COVID19 pandemic, that stalled their delivery capacity and slowed down the market penetration of their new product (the EVO-HD). + +Here is an overview of their First Quarter 2020 Operating Results: + +· For the first quarter 2020, their total revenue decreased by 5% to $2,425,745, compared with revenue of $2,550,796 for the first quarter 2019. + +· However, their **Gross profit improved 18% to $1,265,028 for the first quarter 2020 versus $1,181,740 in 2019**. The gross margin improvement is primarily attributable to their cost of sales as percentage of revenues decreasing to 48% for the first quarter 2020 from 52% for 2019. + +As of now, Digital Ally has been able to stay afloat because of its higher-margin cloud services and its other revenues streams. + +Finally, as of June 12, 2020, it is worth nothing that **the company has been able to regain compliance with the Minimum Bid Price Requirement on the Nasdaq Capital Market**. Essentially, what this means is that large financial institutions will now be able to buy their shares. + +**Conclusion** + +What we are witnessing here might just be the birth of a nation-wide state-sponsored industry. In the end, AXON will probably get a big share of the cake, but smaller companies are going to benefit from this as well, even though they get a lesser share of the Government’s funding. And for a small cap company like DGLY, that means a **tremendous growth potential in the short, mid and long term**. Clearly, the leverage is in Digital Ally’s favor in that context. The tiniest surge of revenues will make the stock move significantly in terms of %, whereas AXON will have a harder time to move their percentage up. From an investor’s point of view, I don’t think this is something to overlook! + +Finally, the company has been quite proactive – we must give them that. First, they are incredibly active on the social medias (follow their Twitter account, they are very well alive). Their corporate strategy is also very clever: + +1- They recently made a public offering of 2,325,581 shares of its common stock at a price of $2.15 per share. These additional revenues are going to be leveraged to get ready for the orders: [working capital, product development, order fulfillment](https://www.streetinsider.com/Corporate+News/Digital+Ally+%28DGLY%29+Prices+2.33M+Share+Offering+of+Common+Stock+at+%242.15Each/16980697.html). By doing this, they’re making sure that they won’t be caught off-guard once the purchases start flooding the gates of their sales department. + +2- Simultaneously, they have launched a [Subscription Program to Enable Law Enforcement Departments to Purchase Body Cameras](https://www.globenewswire.com/news-release/2020/06/08/2044973/0/en/Digital-Ally-Announces-Subscription-Program-to-Enable-Law-Enforcement-Departments-to-Purchase-Body-Cameras.html#:~:text=The%20company%20has%20determined%20that,that%20require%20no%20down%20payment.) that will allow them to offer their products and services without an immediate down payment. What this means is that they won’t have to wait for the long bureaucratic procedures to release the federal funding to different law enforcement bodies. + +3- Just some general thought: I’ve compared the two products from videos and pictures I could find on the Internet. I’m not expert and not a law enforcement, officer, but I thought the AXON cameras were big, bulkier and seemed to get in the way. Digital Ally’s cams looked smaller, lighter and generally nicer to wear for anyone in the law enforcement. But that’s just my 2 cents. + +Alright folks, I have already FLOODED the hell out of your monitor, so I will just cut to the chase. + +· Pros: low market cap, huge growth potential, broader context in which buying their products is going to be made **mandatory**. + +· Cons: grim looking financials and strong competition. + +In my opinion – and of course I have my biases as everybody else – **this is a no-brainer**. No matter the angle from which I look at it, **the upsides completely offsets the downsides**. Let me reformulate this for clarity’s sake: the upsides \***smokes**\* the downsides. The police reform bill is a complete game-changer. + +I personally detain around 2000 shares at an average of 4.50, and 6 calls with a 7 strike for 19/6. + +Peace! +I’m thinking of buying a house up to $900k in the next 12 months. I currently have $120,000 saved but would really like a bit closer to $180k in the bank. Currently saving $1200 a fortnight. + +I am eligible for the FHSS and was wondering whether I should salary package into super up to the $50k over the next two financial years. My employer contributions totalled $28000 to my superannuation last year before I contributed a cent. Having said that, if my employer is already going over the concessional cap my understanding is that non-concessional contributions aren’t counted in the FHSS scheme meaning the FHSS doesn’t work for me??? + +Is that right? Anyone's experience with this would be appreciated! +Hi, + +Quick question - I have been working for a tutoring company since finishing school in 2017. Upon being hired, my boss got me to create an ABN, though I was never sure as to the reason. +I haven't ever seen a cent go into my SuperAnnuation. My question is - is my boss obligated to pay me super, or have they effectively rendered me as a soletrader whereby I have to pay super myself. + +Any clarification would be greatly appreciated. + +Thanks! +I’m curious as to AusFinance expectations with regards to WFH going forward. + +Please comment what type of arrangement you would ideally like, how much more or less would you be want to be paid for the arrangement you want/don’t want. + +I’m just interested because from my experience anecdotally, most people are wanting to be back in the office full time perhaps 1 or 2 days WFH maximum. But when I read casual comments online it appears the Reddit crowd tend to be more inclined to fully remote. + +I work in FMCG, deal with people a lot and it’s just not the same via zoom vs meeting in person. So my preference is in the office. Plus as humans it’s nice to socialise! +I, along with about 14 of my mates and extended family, want to buy a house to use as a holiday house, to be used at different times of the year for a holiday. + +For example, one group of my mates will use it during February and March, while another group will use it during April and May, and so on. There would probably be 3-5 people staying at the house at one time. + +But we want to make sure that all 15 of us have ownership of the house, for legal purposes, in order to save money. Is this possible, or is there a maximum number of people who can own the house? Would registering each person as an owner be more expensive given the number of people? + +Thanks for the assistance + +I've been getting collections notices from a debt collector on a thousand dollar debt to comcast. But, it's definitely not my debt - I am a comcast customer but I've never been late with a payment. I called comcast when I first got the notice and they rattled off an address that isn't mine that is associated with the debt. I opened a service ticket with them to have it looked at, but they haven't done fuck all with it since I opened it. Every time I call them about it they tell me it is being routed. + +In the meantime, I keep getting letters about this debt. I don't want this to hit my credit report (I have a score in the 800s) and have to deal with this mess. What can I do to fix this since comcast isn't doing a damn thing to help me? +So, i'm at that point where me and my wife are combining income and i'm looking for advice. We have been together for 5 years and don't see a separation anytime soon (but then again, who does?).Neither of us are stupid enough to believe divorce is not a possibility in future, we can't predict the future but we obviously don't believe it will happen. We have lived together for years and understand each other's money usage. We have split all bills, food, etc. for a long time now. There is no debt besides the mortgage between the two of us. No credit cards, no student loans, no car payments. + +Up until this point we have basically used my bank account for everything and she writes me a check twice a month for "half" of what we spend. I say "half" because it's a set amount each two weeks and obviously spending fluctuates month to month but the amount we have done is a good average month to month. This has become annoying and pretty troublesome. + +One thing that we want is to have transparency but yet also independence. We want to be able to know what each other are spending from "our" money but also want the ability to have money independent from each other. I think this is good for each other's independence and ability to spend personal money without each other knowing about it. If I want to buy her a necklace I want that to come out of my money, not our money. Likewise, she wants to buy a dress from her money, not our money, without me knowing which i fully understand and support. + +So i'm looking for how you guys have your bank accounts, savings accounts, credit cards, etc. set up with your wife/girlfriend/husbands/boyfriends. Any and all advice is welcome. + +Thanks +RC has playfully taunted Kenny before. + +We had the "they killed Kenny" scene from South Park, The "shorts" tweet, ect which were obviously poking fun at Mr Bedpost-Thrower. + +RCs newest tweet: Never overestimate a man who underestimates himself. + +Let's unpack that. + +Overestimate: estimate (something) to be better, larger, or more important than it really is. + +Underestimate: estimate (something) to be smaller or less important than it actually is. + +I use the word understatement a lot in this post because it is a synonym for underestimate. + +In layman terms we can decipher RC tweet as follows: + +Never estimate a man to be more important than he is who estimates himself to be less important than he actually is. + +For whatever reason when I read the tweet I almost immediately thought to mayo-boys most recent interview with Sorkin. Where Kenny G completely understates any responsibility that Citadel or Citadels practices may have on the market. + +If you go and watch Ken Griffin's most recent interview-the one with Sorkin- all he does for the entirety of the interview is understate his importance in the current state of the market. + +The fact that this man can say some of the things that he says with a straight face makes me genuinely wonder if the man is a sociopath. At one point in the interview he says that Americans have to choose between taxing the rich and our iphones. 🤮 Talk about a psycho. He says it with such conviction it makes one wonder what this financial terrorist would do if the SecretService wasn't currently babysitting him. + +In the interview he is critical of everything except himself, corrupt Market Makers and SHF. He's critical of Elon **for cashing out his stake in his company**, Washington DC, The Fed..."policy error" "a company having a bad spell". + +With a straight face he says "We dont want bad **tax policy** to drive great entrepreneurs like Elon and Bezos out of their seats". But he has no problem directing an organization to drive promising startups into the ground via illegal naked short selling--he completely understates the role predatory hedge funds play in destroying the companies of promising entrepreneurs. + +"Im worried about a culture shift...Im worried people no longer say its worth going all in on a dream...out of college i started citadel...i started a hedge fund with a dream" says the man whos hedge fund shorts startups into bankruptcy and doesnt pay taxes on the profits. Talk about understating his role in the current culture. + +He even claims that *estate tax* is one of the current problems plaguing our economy. (Imagine that, a billionaire pandering for tax cuts for his estate) + +Blames inflation. Blames the workforce not going back to work at pre-pandemic levels. + +He talks about the need for new government legislation honoring social security obligations to baby boomers. I just have to point out the irony of the "King of Failing-To-Deliver" being worried about a government Fail To Deliver. + +Blames new government policy guiding America away from North American oil production and back to OPEC and Saudia Arabia for energy needs. + +Craps all over "CripToes" and discredits every possible use of it. Somehow performs a mental gymnastic routine where he is critical of CripToes mining being a problem for global warming....even though in the very most recent previous topic of the interview he was pandering for more oil production in North America. + +GameStop gets brought up. (starts at 20:10 mark) + +Really, my whole theory could be summed up by **just** this part of the interview. + +Sorkin asks about "meme stocks" and front running retail trades. + + Sorkin says, verbatim: +  + "...have you ever talked to a young person who has the view: "Youre in the middle of this", theres this issue of for payment for order flow-which people have lots of debate about- wether they are getting best execution or wether you are either front running them or-theyre not getting the best execution cuz youre skimming a penny off and giving the penny to robinhood" + +Ken Griffin replies that the 20 year olds he knows are grateful for the current market structure. They "love" that they can trade for free at the NYSE, he says. While hes talking about this he makes sure to point out that this is all because of the way the SEC structured wholesale trading 25 years ago, once again deflecting any importance from Citadel and putting the blame (or "love", as Griffin tells it) of the current PFOF market structure on the SEC. + +He calls GameStop both "a conspiracy theory" and says the GameStop saga was like a "bad comedy joke". + +In the same breath he claims to be absolutely oblivious about anything on social media. Verbatim quote from Griffin: "Somebody-- i mean--people come down and just tell me whats going on." That seems like an understatement coming from someone who just said what a "bad comedy joke" the "conspiracy theorist" GME retail investors are. + +He goes on to say that if the SEC tries to regulate PFOF it will be a "**tragedy**" equivalent to "taking back the competition" from the market. + +This statement seriously came out the mouth of a man who sits at the head of Citadel, a market maker responsible for executing the trade of approximately 37% of all of retail, while simultaneously running a hedge fund that can benefit off the actions of the market maker and vice versa. Talk about an understatement. + +The tweet is a high-brow slight at Mr AssaultWifle and a reassurance to us apes that may think Ken Griffin is untouchable or unstoppable. + +Buy. DRS. Hold. Shop. +Roger Ver, by all accounts, is fabulously wealthy. He's achieved what many bitcoiner's dream about. He got in early enough that he never has to work another day for the rest of his life. + +Not only is he financially independent, he is staggeringly wealthy by all accounts. He can live a lifestyle that only winners of the Powerball lottery could possibly dream of. + +He can own Ferrari's, Lamborghini's, mansions, a private jet, travel the world, stay in exotic locations, and live a life of grand adventure. + +If he felt altruistic, he could use his vast wealth to help others. + +One of the key benefits of being this fabulously wealthy is that you should be able to remove worry and stress from your life; yet Ver is prone to highly emotional outbursts and frequent anger. + +Rather than helping others, his behavior has led thousands to financial ruin; whether that is through his MtGox assurances or his recent effort of just this past weekend attacking the bitcoin network directly. + +Pretty much no matter what Roger Ver does, he has so much money that were he to lose 95% of it, he would still be wealthier than all of us. + +The same cannot be said for his followers. + +Rather than enjoying his wealth, perhaps doing some good with it, he whines like a child and throws tantrums. Daily he complains about how this poor, poor, man, worth only hundreds of millions of dollars, has his sensitive feelings hurt by censorship on internet forums. He is the poster child for a delicate snowflake. + +The most irrational thing is that he attacks the very network that made him so wealthy. He literally threatens his own fortune, and the fortunes of others, with childish attacks and fits of rage. + +Frankly, I cannot fathom this behavior. + +I am not fabulously wealthy myself. Oh, I do ok, but I'm still a wage slave and my retirement is still many years off into the future. + +I dream of being financially independent. I constantly think through all of the things I would do if I were. Besides the obvious things, like travel or living in a nice home, I would certainly not spend my time consumed with rage at the very thing that made me so rich. + +Roger is like a guy who wins the powerball lottery and then becomes consumed with attacking the lottery system itself (better analogy, he thinks he invented the lottery and can run a better lottery than the state). + +If Roger wants to start businesses, or mentor others, that is all well and good. However, his relentless propaganda campaigns waged through paid social media attacks are leading many to financial ruin. + +What kind of person behaves like this? + +I make this promise to you all now. If some day bitcoin makes me so wealthy I can retire in comfort; I will never attack the network. I will never wage war against it or those who keep it strong. I will not start a business. I will not launch an ICO, alt-coin, or give dangerous or foolish investing advice to anyone. + +No, I will travel the world, go hiking with my dog, and continue to be involved in the various charities I support. + +You have that promise from me. + +**EDIT** + +If this post seems too much like a direct personal attack on Roger Ver, let me explain. + +Roger Ver is performing direct personal attacks on my own bitcoin investment; which is a minuscule fraction in size of his but, arguably, more important to me than he appears to feel about his own wealth. He made it personal. +I'm 23, soon to be 24. I've saved up roughly $25,000 in the past two years, and am considering buying a home. I've been in a relationship with my SO for over 5 years now, and we've now lived together just over 1 year of that. We've talked about the idea of buying a home casually (we rent right now). + +She mentioned our ideas to her mother (a lawyer), who offered to write up a purchase agreement between the two of us, in regards to what happens to the property if one of us dies, we split up, or something else. + +When my SO told me this, I was against the idea. I told her that if I purchased a house, I would want to purchase it in my name only. I care deeply about my SO, but we're not married, and while the idea of marriage has come up, we both don't feel comfortable getting married so young, regardless of how long we've been together. + +She (understandably) was somewhat offended that I wouldn't want to purchase a home in both our names, and her feelings are that she "wouldn't want to pay a mortgage towards a home she doesn't own." Which of course makes sense! But I explained that if I were to buy a home, assuming she would want to live with me, as we do now, that I would charge her a very reasonable rent (no more than half the mortgage payment), along with splitting the bills, as we do now. + +We would be able to move out of our small apartment, and into a private home, with a fenced yard, garage, etc. So in my eyes, she's getting a great deal, as we couldn't feasibly afford the cost of renting an equivalent home right now, and I would charge her no more than half of the mortgage (roughly $300-$400/month). + +While I definitely sympathize with her, in that she doesn't want to pay towards a home she doesn't own, I can't help but feel a little frustrated. She couldn't purchase a home on her own to begin with, so for her, it's a free upgrade. She would be paying the same rent, but would get an awesome home and yard! + +And just for fun, let's say I purchased a home, and she *didn't* want to live with me. I have plenty of friends who would jump on the chance to rent a room in a nice home for a few hundred dollars a month. + +It comes down to the fact that I'm only (almost) 24 years old. While I am committed and happy in our relationship, marriage is a far-and-away concept. I don't mean to be pessimistic about our relationship, but I'm trying to make the best long-term decision for **me** right now. I *do not* want to have deal with divvying up the property if we were to break up. + +I feel terrible, because I know she thinks I'm questioning the strength of our relationship, along with all the other thoughts that would come along with your SO not wanting to purchase a home with you... But I want to protect myself and my investment. And this isn't to say we won't get married later in life, because we just might! But for ***right now***, I don't think it's a good idea to purchase a home together. + +So, should I forgo the idea of purchasing a home until I am committed enough that I would purchase it with my SO? Am I being an asshole for thinking this way? Did you purchase your first home with your SO, or alone? What advise do you have for me (us). + +Thanks for your time and insight! + + +**Edit: Four hours later, and this has generated more replies than I have time to read right now!** Thank you to everyone who provided an opinion or suggestion, it is very appreciated! Many of you made very good points that have made me reconsider certain things. + +I have also shared this thread with my SO! So your thoughts are being read and discussed between both of us! Thanks again. +First and foremost, my base salary ($150k) is greater than the Roth contribution limit and I already max out my pre-tax 401k contributions. I was reading up on the Mega Backdoor Roth IRA and I'm confused what the distinction is between an after-tax 401k contribution vs a Roth 401k contribution. Apparently for 2019, the 401k contribution limit is $19000 and "The limitation for defined contribution plans under Section 415(c)(1)(A) is increased in 2019 from $55,000 to $56,000." + +&#x200B; + +My company's plan information states: + +" + +C. Deferral Contribution + +This is a contribution taken directly from the pay of an Employee and contributed to the Plan, subject to certain limits (described below). The Plan permits you to make both pre-tax and certain after-tax (Roth) Deferral Contribution amounts. " + +&#x200B; + +I was reading this article: [https://thecollegeinvestor.com/17561/understanding-the-mega-backdoor-roth-ira/](https://thecollegeinvestor.com/17561/understanding-the-mega-backdoor-roth-ira/) which says that I need to make sure it's after-tax contributions and not a Roth 401k contribution.. How do I know if I can even do this? +Theymos and his moderators have been purposefully manipulating the way that comments work in select threads with the goal of making the thread more difficult to read, and limiting the attention certain posts have over others. Before you just dismiss this as just a wild conspiracy theory, I have solid proof that this is true. I'll detail it all here. + +--- + +Check [this](https://www.reddit.com/r/Bitcoin/comments/40ppt9/censored_front_page_thread_about_bitcoin_classic/) thread out, about Theymos censoring a Bitcoin Classic thread that made it to the front page. + +I was browsing this thread and trying to read all of the comments, and I noticed I couldn't collapse a bunch of them for some reason. It was really strange to me, especially considering that the comments I could not collapse were all in support of Theymos. I've also noticed this behavior in other Bitcoin threads where Theymos's dodgy behavior was the center of discussion, so I decided to do a bit of digging. + +As another reddit user has pointed out [here](https://www.reddit.com/r/Bitcoin/comments/40ppt9/censored_front_page_thread_about_bitcoin_classic/cyw64z9): + +> I like how you changed the sorting order of posts in this thread right before you made that sticky. It shows that you truly want open discussion with fair rules for all opinions. /s + +Once he noticed this thread gaining a lot of traction he made a sticky and reordered all of the posts so that the ones he wanted people to see would be at the top, and the ones he didn't want people to see would be separated by HUGE comment chains that can't be collapsed due to him adding custom CSS classes to the subreddit, to glitch Reddits collapse comment functionality. The broken uncollapsable comment chains start at Luke-Jr's post, and he's also made the following posts uncollapsable too (the ones directly after Luke-Jr's) to make the thread even more difficult to process, and to give attention to these threads that he deems are supportive of his cause. Give it a try yourself, try and collapse the comment chain: + +This thread here by Luke-Jr: ["Moderation is not censorship, and /r/Bitcoin is not Core."](https://www.reddit.com/r/Bitcoin/comments/40ppt9/censored_front_page_thread_about_bitcoin_classic/cyw4094) + +This thread here: ["Whining about the lack of altcoins promotions from the CEO of an altcoin exchange, news at 11"](https://www.reddit.com/r/Bitcoin/comments/40ppt9/censored_front_page_thread_about_bitcoin_classic/cyw404f) + +This thread here: ["Bye bye Erik. Good luck with your alt-coin peddling and alt-coin promotion."](https://www.reddit.com/r/Bitcoin/comments/40ppt9/censored_front_page_thread_about_bitcoin_classic/cyw6p0h) + +As you can see, all of these threads have the following applied to their div wrapper (in particular notice the "collapsed-for-reason" class): + +*class="thing id-t1_cyw6p0h collapsed-for-reason comment score-hidden noncollapsed"* + +I looked at a bunch of other comments that actually work and noticed that none of those comments have this CSS class attached to them: + +*class="thing id-t1_cyw7z1r comment score-hidden noncollapsed"* + +Notice that "collapsed-for-reason" is missing from the above. + +There are very few people who agree with what Theymos in this post, but the ones that do agree with him have this CSS class glitch attached to them and their comment chains are not collapsable. That's not a coincidence. I dug into the CSS to figure out what the hell is going on, and this is what I found. + +[Here](https://b.thumbs.redditmedia.com/2I-tQkGT8O0BJwSgBJ04Zf4KGIkZKso_mH5ZwTzlHRg.css) is a link to the CSS file that is being loaded in that thread, hosted by Reddit. + +[Here](http://pastebin.com/BBjd7M0i) is a mirror of it if it happens to disappear, in unminified format so it's readable. + +In particular, [these are the classes](http://pastebin.com/43nYgnCf) he added to the Bitcoin subreddit CSS to break the collapse functionality for comments he wants to attach them to. + +Just to confirm that I was correct, I removed the CSS class on the broken comment chains and like magic, they started working as expected. + +As you can see, he was even kind enough to leave: "# disable comment hiding" in the CSS for us, so we can be certain of his true motives. He also aptly named the CSS class "collapsed-for-reason". Reason being he wants to manipulate the way that information is digested in his subreddit so that dissenters are not given a voice. + +So in conclusion, Theymos and his mods have been attaching this CSS class to posts he wants to make uncollapsable, for the following reasons: + +* To bring more attention to posts that agree with him +* To make it extremely difficult to digest information below these long comment chains, because you can't collapse them you have to scroll and scroll to see the comments below them. He also couples this with reordering the comments so that the ones he want visible are at the top of the thread and the ones he wants hidden away are underneath the huge uncollapsable comment chains. + +**TL;DR:** Theymos and his mods have been using every trick in the book to manipulate peoples perceptions in /r/Bitcoin. He went to the lengths of creating his own custom CSS bug to disable comment collapsing on comments that are in support of him, and to make threads difficult to digest by moving massive comment chains to the top of the thread and then making them uncollapsable so that people have to scroll for 3 years to read the comments underneath them. + +**Edit:** This has also been brought to my attention: https://www.reddit.com/r/bitcoin_uncensored/comments/3id1al/moderators_of_rbitcoin_changed_the_stylesheets/ -- Seems they've been caught in the past doing other dodgy things with comments. In particular, hiding deleted comments entirely so people don't know they ever existed to begin with. + +**Edit:** A gif of the buggy behavior: http://i.imgur.com/nIbtQ0r +I want to bring the community attention on the BANCOR ICO because i think that could pose a major threat to the ethereum ecosystem , I will explain most of the points on why bancor team want to scam investors and raise an absurd amount of money: + +1-the ICO details where posted 7 days before the ICO and the ico will happen on the 12 of june , 2 days before the china conference + +2-if the hidden cap is hit in the 1hr at 1hr 1 second it closes so if hidden cap is 50mill and in the 1hr they get 200 million at 1hr 1 second it stops at 200 million + +3-the ICO will be uncapped for the first hour ,and we know what crazy amount of money it can get (BAT,GNOSIS) (1 hour can fit in 240 blocks on average ,BAT ICO did 3 blocks = 34 million USD so they could (if the network doesn't have congestion) do 2 billion USD) + +4-Is something being done to make sure that the team don't raise over 100M USD in the 1st hour? Could the team potentially raise more than 1 Billion if people throw enough money? + +5-what for they could possible need 2 billion for? + +6-they didn’t put a minimum amount for the project to be successful (Why are they raising more money than you need for the project?) + +7-they didn’t disclose What price did VCs get for BNT (or is it fixed % ?) + +8-why 20% bounties are needed a normal project have 5% bounties max + +9- the company hasn’t disclosed if they have plans for what happens if their intended cap is vastly overcame in the 1st hour? + +10-they are doing an ama( SOONtm)and this ama will probably only answer our questions and not change the ICO model + +11-they didn’t disclose if there are any failsafes on the contract that mint BNT after and during the ICO ? +(they could hold up to a 2 billion in eth) + +12-In the blog it says "Funds will be held using multi-sig wallets according to industry best practices." Does that mean that, initially, if the team raise 100M for example, that money will actually be held in a regular multi-sig wallet that has been battle-tested? + +13-What portion of the funds the team raise will be kept in the smart contracts that enabled bancor’s core product? + +14-Essentially what I want answered is - what steps are being taken to prevent a DAO 2.0 - where an irresponsible amount of money finds itself in a smart contract that, though audited, may contain a flaw. Do the team roll these out in small steps? What kind of disaster recovery and failsafes do the team have in place to minimize theft/damage? and if so which ones ?is the contract autonomous or not ? if failsafes are in place how will we monitor if malintent from the team happens? + +15-they didn’t disclose if there are any hidden fees that the Bancor company get that BNT holders dont? + +16-The Foundation may adjust the CRR as needed to accommodate market changes and maintain performance." so that means someone has access to the contract (pls no DAO 2.0) + +17-Scalability: how to handle many transactions on exchange at the same time? According to your formula, in each transaction, the global supply and balance are supposed to know thus to be synchronized between transactions, which means that the transactions handling have to be serialized. So the Raiden may not help because the result of each transaction has to be updated to the Ethereum network. And also it can not leverage the sharding because of the serialization. Do you have any solution to fix it?(this could potentially destroy thw whole eth network) + +18-To fix slowness and expensive cost: Even there are a few transactions, they are still slower and more expensive than the centralized exchange because they have to run on Ethereum network(It may still take seconds even when using POS instead of POW I guess) It may take at least half minute for now to confirm the transaction, so it is not handy for the users, how to fix it? How to guarantee the fee lower than the centralized exchange? + +19-What is the reason for a secret soft cap? Why can't the team just make the cap public? What is the value this approach brings in ? + +20-also in the bancor slack (total shitshow) the admins did a poll to let the people choose their preferred uncapped ico duration the options where : +15 min +30min +45min +60min +but they haven’t included the No uncapped OPTION that was asked multiple times and they have gone silent after that. +and they are doing a AMA but they are not gonna change anything or only set the uncapped time to(15,30,45) conceding this to the community but it wont change a thing because they still could get a crazy amont of money +also they haven’t answered and ignored this simple questions +1. What are you predictions of how much you will raise in total for this ICO. +2. How much do you expect to raise in this first hour +3. Why do you think an uncapped option is correct ? +21-the 1 hour will be uncapped so everyone who want to get in will get in and after there will be no buy pressure on the market and price will plummet + +if you want to see the token sale details and the crazy pie charts with the token distribution + +https://blog.bancor.network/bancor-network-token-bnt-contribution-token-creation-terms-48cc85a63812 + +50% to the investors and 50% to the team and their friends (note that only the team has vesting not the bounty whores and early contributors) +this shit I s completely crazy and will damage the whole eth ecosystem they could dump 80% of the eth raised on the market. + +HODL through, Whales will try to force weak hands but those that stay strong will come out victorious. It's time to push ETH to new heights, it's gonna go down this week, it's just getting started. +So I've been noticing it for a while now, but due to boredom I went to see what Fox News has to say about it lol. + They want a cut, crypto is bad and we should invest in the dollar. + index pumping + housing bubble is what happened in 2008. It should be illegal to straight up lie to your viewers for a paycheck. This is why I got into ETH. Alls they know is oil and printing money, now between electric cars and crypto they are screwed. + Those in the business of Defi ventures will be the ones who run the country next. + Anyways, All crypto will 10x+ in a bull run but it will be bitter sweet because those gullible people will be homeless, hungry and in debt at the same time.. I usually don't get into politics but they are straight up Evil people. + Can't wait to see what the future holds..charity tokens, defi finance, nfts etc.. No more jobs for the government lol +How does everyone manage this problem? + +I'm wondering how I can provide information to my family about this, since you never know what might happen. + +What has worked for you? +You read lots of people saying a lot of things here, some are bullish, some are bearish, and maybe you don't know what to think. Maybe you are just here because you bought ETH as an investment, not because you are a daytrader. + +Regardless of what day traders have to say about short term swings, almost everyone here is in agreement that Ethereum is an excellent long term prospect. If you plan to buy and hold, do not listen to the daytraders and try and time the market, you will end up losing out unless you know how to trade. + +And if you plan to buy and hold... know this. If Ethereum breaks through the previous peak of 0.017, it will almost certainly not come back down below that price again for months, and maybe it won't ever come back down below that price, who knows. *If* it breaks through, and that is still an *if* to be clear. + +Just a month ago, we had a peak at about 0.007, and when there was a dump down below 0.005, a lot of people in this subreddit, said "its over, move on, Ether is still years away, this was just a pump and dump". + +Well, 2 weeks later we smashed through that peak of 0.007 again, and haven't look back since, it actually rallied all the way to 0.017 based on that breakthrough. 0.007 seems like a distant memory now, a price we all wish we could buy, but just a month ago, it was the "peak" and people panic sold much lower and lost out in the dump. + +All I'm saying is if we really do smash through this all time high in the next day or three, there will be no looking back for a long long time. So if you believe it can happen, there is never a bad time to buy with a price below 0.017 sat. + +Maybe we won't breach the all time high, no one can be sure... but if we do... you will be kicking yourself if stuck with BTC because you sold. + +Happy trading guys, good luck and profit to all bulls and bears alike =D +This is an x-post from /r/etheroll + +This is sentimental and speculation and is in no way investment advice nor am I an expert on cryptocurrencies. + + +I've recently bought a good chunk of DICE and I actually believe that it is currently heavily undervalued, based on its potential FUTURE and not it's current performance. + + +The website that promotes Etheroll's investment case states that: + + +“Responsible for more than 50% of daily network volume on the Bitcoin blockchain, SatoshiDice reported first year earnings from wagering at an impressive ฿33,310 ($13,740,000). During the year, players bet a total of ฿1,787,470 in 2,349,882 individual bets at an average monthly growth rate of 78%. Earnings were calculated from eight months of data covering May to December, 2012.” + + +This means, if Etheroll is as successful as SatoshiDice was in 2012. We can expect to see potentially huge returns from the dividends provided that ETH holds it's current value at approximately $300, we may see 45800 ETH in the dividend pool YEARLY which is 11450 ETH for each payout. With these numbers we can estimate that if you hold: + + +0.01% = $343.5 + + +0.10% = $3,435 + + +1% = $34,350 + + +10% = $343,500 + + +*PER QUARTER.* + + +I believe these are low estimates of what is possible given that these numbers are from 2012 and cryptos are much more widespread these days. + + +One thing I'm sure we can all agree on is that crypto's are here to stay for the long term and the current DICE price seems like a massive steal if you ask me. **When people bet they will be betting with USD in their minds, not ETH.** So even if ETH drops massively in price we will most likely see huge returns anyway. + + +This is legit the opportunity of a lifetime if you ask me and all we have to be doing is holding DICE and spread the word about Etheroll. If anyone cannot see the value in this then they are clearly fools. + +Many of you might not have even heard about Etheroll as it is not listed on any of the popular exchanges however, I seriously recommend anyone who is in ETH for the long term to at least check it out as it seems to have been overlooked. + +EDIT: As pointed out in one of the comments, SatoshiDice's house edge was 1.9% and Etheroll is 1%, so my numbers are off. Sorry :( However I would like to point out [Gamblers ruin](https://en.wikipedia.org/wiki/Gambler%27s_ruin) which effectively increases the house edge by approximately 1%. (because the house has more money than the players) +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! + +Just wanted to spark some discussion since I know most of us have invested in GNT in some capacity. Where do you see the price in 3 months, 6 months, and 1 year? +So basically I fucked up, and got a useless degree. Luckily I’m only in $10k student loans (lol) my degree is in health and wellness. I’m a powerlifter. For the last 3 years I’ve been managing supplement shops, my current job I’ve been at for a year. + + +I’ve been applying to other jobs basically since I got this new job and sometimes I’ll catch an interview but they always tell me the same thing-I lack experience. Im not doing payroll or recruiting as a manager, Supplements are very specialized. So. I guess it’s not enough on the administrative or sales front. + + +I’m not qualified enough to work in the medical field because I’m a ~holistic nutritionist~ which means nothing. I’m not qualified enough to go on my own as a coach, and honestly in this area it’s so saturated that it’s the same/less money than I’m making right now. + + + +I don’t even really know what I want to do professionally besides make money and hopefully not have to go back to school and get into more debt. + + +Any idea how I can get into another job to make more money? Where should I be looking? I feel like I don’t even know what exists outside of my bubble. +I have been here several years (long enough to remember a man crying in wolf mask as his paper apple gains disappeared on a live stream) and this gme run was crazy entertaining. I did not partake but watching this on the news and seeing the subreddit logo was great. However, it’s reached the point where it’s ruining this sub. Jeff Bezos stepped down and Amazon and Google reported earnings which used to be big days on this sub, but I see nothing but a sea of gme. Thanks for checking out this subreddit but when this gme run ends please post your loss porn so I can beat off and then leave this subreddit. Also the guy who lost 765k today your loss porn was great you can stay. That’s the yolos this sub was built on not one share of gme bets. +Here's a quick reminder of GME volume YTD. + +I used a GME float of 58.06 million for my calculations, which as we know, is an overestimate of the shares available to trade. The true % of Float traded is actually much higher. + +&#x200B; + +**Table 1:** **GME Weekly Volume YTD** (34 weeks) + +[3.994 Billion GME shares traded in 2021. That's 58.45x the GME float \(used 58.06 million\). 46.35&#37; of the total volume was traded OTC or ATS.](https://preview.redd.it/388i0p3j4hn71.png?width=1538&format=png&auto=webp&s=31956b4ccded4b040594d81495e5064038480c83) + +&#x200B; + +Let's take it back a little further to see what October of 2020 looked like... + +[Those first 2 weeks in October were juicy as fuck. Some solid volume during the weeks of 11\/30 and 12\/7, which coincide with the Quarterly futures dates of 12\/10 to 12\/18](https://preview.redd.it/xj27p2h85hn71.png?width=1463&format=png&auto=webp&s=87cde7c7dceca272a3aac8f3fd33fdf88e4f7e0e) + +# + +# Let's check back in with Robinhood + +In case you missed [Part 1 of the Crooks Cookin' the Books](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) series on RH, [here's a link](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/). + +Here's [Part 2 of the Crooks Cookin' the Books](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) series. + +[RH slowly losing ammunition to high frequency trade OTC](https://preview.redd.it/3n2ngip6ehn71.png?width=1011&format=png&auto=webp&s=c728f75326e0ce5e4036b7ca4cff8ecbc489a00b) + +# + +# How does GME compare to other top traded OTC stocks? + +Here's a graph that shows GME shares/trade vs other OTC stocks shares/trade. The stock tickers are sorted from highest total OTC trades during the week of 8/16 - decreasing from left to right. + +GME was the 32nd highest traded stock during the week of 8/16. + +The only stock with a lower average shares/trade than GME was Amazon at 14.05 shares per trade and a price per share of over $3200. + +[GME Idiosyncrasies](https://preview.redd.it/xnl9h3vhbhn71.png?width=1361&format=png&auto=webp&s=e2cc21a43934fdcca92edc9f2b9b47c7f0e00dc3) + +It's a small sample size, but you can see on **Table 1** that entire OTC shares/trade range from an average of 155 to 357. GME has been under 50 shares per trade in 28 out of past 31 weeks. + +&#x200B; + +Here's a larger sample using **Monthly OTC shares/trade**: + +# Monthly View of GME vs. Entire OTC shares/trade + +&#x200B; + +[The entire OTC data includes GME](https://preview.redd.it/m76tig26min71.png?width=884&format=png&auto=webp&s=cc479fbc81ec158dcba87f84fb0acb8fad0c2966) + +&#x200B; + +Here's my post on some other [GME Idiosyncrasies](https://www.reddit.com/r/Superstonk/comments/oejtty/the_otc_conspiracy_gme_idiosyncrasies_and_the/). + +# + +# Cellar Boxing + +Here's a graph showing what the Hedge fucks did to Fannie Mae stock from 7/2007 to 8/2008, leading up to the market crash. Looks to me like cellar boxing 101. + +[They shorted the shit out of Fannie Mae leading up to the Market Crash of 08](https://preview.redd.it/wr8zkb936hn71.png?width=967&format=png&auto=webp&s=6273f370409e534fac44c5b4a422ea19772aa959) + +&#x200B; + +[Here's my post from May for a little more context.](https://www.reddit.com/r/Superstonk/comments/nh3ywt/rc_ventures_and_freddie_mac_a_quick_dd_on_why/) + +&#x200B; + +# Who was responsible back then? + +[A few familiar faces](https://preview.redd.it/k6ue60bsdin71.png?width=950&format=png&auto=webp&s=e9120a463501c855b7dbaeef6a274c2215fa9425) + +&#x200B; + +And here's what the hedge fucks did to the GME stonk from 9/2018 - 8/2020, shorting it down from a high of almost $17 to a low of $2.57. + +[DFV and RC saw an opportunity](https://preview.redd.it/3ypos3n87hn71.png?width=1630&format=png&auto=webp&s=f0c4c8896c6a6a7446bde0315baacdc459f1171b) + +GME Daily volume 2018 + +[2 Volume spikes, 8\/27 \(\~14 million\) and 9\/5 \(\~17 million\)](https://preview.redd.it/gztdhf378hn71.png?width=2080&format=png&auto=webp&s=db07e1f7b682bc4ede825528b2aa4653fa2b4efd) + +GME Daily volume 2019 + +[2 volume spikes, 8\/22 \(\~28 million\) and 9\/11 \(\~33 million\)](https://preview.redd.it/0lg33icv7hn71.png?width=2046&format=png&auto=webp&s=0118b1a30807964a0d791ee60e8fe2b31197759a) + +2020 Daily volume + +[Several volume spikes. 8\/31 with \~38 million, 9\/22 with \~35 million. October 8 and 9th with \~77 million each!](https://preview.redd.it/s83f1oie8hn71.png?width=1769&format=png&auto=webp&s=a5a3189b3e591f7b24616b8626d69dddd9eb1a07) + +[Here was my prediction (8/22) of the first August/September spike (8/24)](https://www.reddit.com/r/Superstonk/comments/p9ma8x/tens_of_millions_of_worthless_otm_puts_were/). + +https://preview.redd.it/jqqh338r6in71.png?width=1857&format=png&auto=webp&s=5cde307cd8e1de25ba38b529c36040e28bf96f12 + +&#x200B; + +So far, we've only seen one August/September volume spike (8/24). + +I'd like to see them come up with 35 million in daily volume with millions of apes HODLing and watching their every move. + +If no one is selling, where might the price go? + +&#x200B; + +The Infinity Pool gets deeper every passing day... + +https://preview.redd.it/9caj0ie8vin71.png?width=1000&format=png&auto=webp&s=f016049e35cf9c6a07dd0ac3684104be6fcc64bf + +SeptemBRRR, OctoBRRRRRR, NovemBRRRRRRRRRR, DecemBRRRRRRRRRRRRRRR + +Buy, HODL, and Buckle up! + +&#x200B; + +&#x200B; + +**Edit 1**: u/HotBoyFF asked a [great question](https://www.reddit.com/r/Superstonk/comments/po4e7b/dont_fall_for_the_yahoo_false_float_anchoring/hcupiqv?utm_source=share&utm_medium=web2x&context=3) about how the % Float traded off exchange compared to other stocks. + +[Here is a link to my post where I compared GME to 33 other stocks](https://www.reddit.com/r/Superstonk/comments/n5q76p/the_otc_conspiracy_part_2_shining_some_light_into/). I used a GME float of 26.7 million for that post, as that is the number of shares we calculated that were available to freely trade in May. + +[Over 4000&#37; of GME float traded OTC in Q1 \(using a GME float of 26.7 million\)](https://preview.redd.it/jjtcz3zfqin71.png?width=1198&format=png&auto=webp&s=767639aff8be0d36f4521911f7a2531586bb0e9f) + +&#x200B; + +[This OTC data is prior to RH cooking their books in August](https://preview.redd.it/i1wtmhd6rin71.png?width=1520&format=png&auto=webp&s=9466981461aa1fe4e18781832c45391edc67a496) + +Here's an Updated table: + +[4052&#37; of GME float traded OTC in Q1 \(using float of 26.7 million\)](https://preview.redd.it/0epokebqsin71.png?width=1529&format=png&auto=webp&s=a6e2d34ff201c76c4a750c6bc0b06f715ef62cfc) + +&#x200B; + +[Here's the same data using a float of 58.06 million](https://preview.redd.it/7l5ib8l2tin71.png?width=1526&format=png&auto=webp&s=d828b3d80b80ab9cbeb97a8cf5a0271ff00bdbd0) +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. +In the words of inspector Callahan, opinions are like assholes — everybody has one. So here's mine. + +For those who just came out of a coma — after an attack, the entire Solana blockchain was paused for about 17 hours. No tx possible. Billions of dollars locked in DeFi were not accessible. + +The mere fact that a blockchain can be kill-switched just like that defeats its purpose — it's not very different from your bank account where your funds can be frozen. + +Then, for a coin to stay that high up, it needs HUGE money going in continuously. + +At the moment, I can't honestly imagine how an investor with hundreds of thousands of dollars, choosing a blockchain to DeFi, lp, farm or whatever, after some basic research goes with Solana. + +Projects of this magnitude don't get to mess up like that and then go "it won't happen again, we cool?" +So, those who have retired and then decided to go back to work, what's your story? + +Personally I'm about 90% retired. I still do some investing and have one board position, but I keep wondering if it would be interesting to still start a new business or something. I keep checking the news about my ex-industry all the time. +Federal Reserve officials are nearing agreement to begin scaling back their easy money policies in about three months if the economic recovery continues, with some pushing to end their asset-purchase program by the middle of next year. + +In recent interviews and public statements, several have advocated for this timetable, which would enable them to raise interest rates sooner than currently anticipated if the economy makes rapid progress toward their goals. + +The central bank last December said it would continue the current pace of bond purchases until officials concluded they had achieved “substantial further progress” toward their goals of 2% average inflation and robust employment. Officials at their July 27-28 meeting deliberated on two important questions: when to start paring their monthly purchases of $80 billion in Treasury securities and $40 billion in mortgage securities, and how quickly to reduce, or taper, them. The Fed is set to release on Wednesday minutes of the meeting that could provide further clues about those discussions. + +The answers are important to financial markets because Fed officials have said they would prefer to conclude the bond-buying program before considering when to raise interest rates from near-zero. At their June 15-16 policy meeting, 13 of 18 Fed officials projected they would raise rates by the end of 2023; seven expected to do so by the end of 2022. Fed Chairman Jerome Powell said at a July 28 news conference that the Fed was still “a ways away from considering raising interest rates. It’s not something that is on our radar screen right now.” A recent run of strong hiring reports have strengthened the case for the Fed to announce at its next meeting, Sept. 21-22, its intentions to start tapering, potentially as soon as its following meeting in November. + +[https://www.wsj.com/articles/fed-officials-weigh-ending-asset-purchases-by-mid-2022-11629106200?mod=hp\_lead\_pos2](https://www.wsj.com/articles/fed-officials-weigh-ending-asset-purchases-by-mid-2022-11629106200?mod=hp_lead_pos2) +Microsoft reported earnings after the bell. Here are the results. + +Earnings: $2.48 vs $2.31 per share, adjusted, as expected by analysts, according to Refinitiv. + +Revenue: $51.73 billion vs $50.88 billion as expected by analysts, according to Refinitiv. + +After two consecutive quarters of revenue growth of over 20%, analysts expect a slowdown to 18% in the fiscal second quarter. That would bring the company back in line with its performance over the prior two and a half years. + +Microsoft’s Intelligent Cloud segment, which contains the Azure public cloud, GitHub and server products such as Windows Server, generated $18.33 billion in revenue. That works out to 25.5% growth, and it’s a bit more than the $18.30 billion consensus among analysts surveyed by StreetAccount. + +Revenue from Azure and other cloud services grew 46%. The expectation was 46%, according to a CNBC survey of 15 analysts, while analysts polled by StreetAccount had been looking for 45.3% Azure growth. + +Amy Hood, Microsoft’s finance chief, eased investor concerns on the earnings call, indicating that demand remains strong across much of the business. + +Hood said the company expects revenue of $48.5 billion to 49.3 billion in the fiscal third quarter, topping the $48.23 billion Refinitiv consensus. Hood said the company now expects full-year operating margins to widen slightly. + + +Credit to CNBC: https://www.cnbc.com/2022/01/25/microsoft-msft-earnings-q2-2022.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +So I'm a European teacher working in China, my gf and I came for a bit of adventure. Having a great time, but something that we didn't anticipate is that the Chinese government makes it insanely difficult + expensive to make bank transfers to foreign banks. So sending our salaries home is a real pain. + +Or it would be, if we didn't have BTC, which we can use to totally bypass the Communist bureaucracy and the convoluted banking system by buying BTC with our Yuan. Then HODL / Sell for fiat, the choice is up to us. Financial autonomy FTW! +Dear people of Catalonia, congratulation on making steps for independence. It's 2017 and no one should be forced to be meber of a comunity (or country ) if they doesn't want to belong. + +But expect Spanish governement to react in many ways, one of wich would definitely be through EURO + +Defend yourselves and BUY BITCOIN, even if your future country plan a different FIAT in the next years. + +If your economy is 100% euro you are 100% vulnerable, go Bitcoin 50% and you will be 50% shielded. + +Don't let FIAT be the reason SPain can make you feel sorry for wanting independence! +Many posts on this subreddit seem to ask about the best investment techniques for a specific situation. It would help to have a dedicated post listing of ALL possible types of investments. It is quite a challenge to complete but hopefully people will get on board to contribute. Try not to repeat same posts if possible (make changes and expand if needed). Welcome to the fight. +I do hear many people talking about (and parroting) how the stock market is overvalued, and that more correction is needed. They cite pandemic highs, etc. However, the S&P 500 from December 2019, just before the pandemic, it was 3,200. If we apply an average annual return of 8% (which is not unreasonable to me) from then till now, the S&P 500 would be 4,030. So, why do some people still go as far as saying that it should be below 3,000 when the market was not even that low before the pandemic? Even at a return of 5%, it comes out to above 3,700. Perhaps I may be missing something. +Apparently, the German banks wanted to correct their mistake as quickly as possible, but they fell flat on their face by doing it. + +In any case, I have my shares back and some of my fellow Apes too. + +This shows that the banks gives a shit on its customers and quietly and secretly do with other people's investments what they want. As I know the German Apes, our BaFin has received enough reports, but as I know the BaFin nothing will happen. + +I think a DRS wave will come from Germany cause of this "Glitch" +Hey everyone, I've been in crypto since last December, and worked in finance for 12 years before that. I've spent the past few months immersing myself with blockchain technology. Before diving in and buying coins, I decided to learn about the most promising use cases. One of the most promising use cases of blockchain is, undoubtedly, identity. **This is a multi billion dollar opportunity.** I think Civic ($CVC) is primed to win this market, here's why: + +* Vinny Lingham is one of the most accomplished tech entrepreneurs in the space. He's had multiple exits and knows how to get shit done (which can't be said about 99% of ICO teams). + +* CVC token economics incentivize user onboarding. Both people and verifiers can earn CVC by onboarding users onto the Civic platform. + +* Practically speaking, signing up for services sucks. Have you ever tried signing up for multiple services and forgetting your password? Or signing up for services that do KYC... even worse. With Civic you just use your camera and a QR code. + +This is not meant to be a shill. I'm giving factual reasons for why I think this is a fundamentally great token. I should note that I do hold a modest amount. And remember, do your own research! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +- 20+ people hired to run the unit +- Multiple deals signed with crypto companies +- Loopring rumored for L2 integration + +source ;https://www.wsj.com/articles/gamestop-entering-nft-and-cryptocurrency-markets-as-part-of-turnaround-plan-11641504417 +So I bought 200$ of ethereum, 100 when it was at 900, and 100 when it was at 1300. Now that it is at 1900 I’m seriously considering buying more seeing it’s progress. For some perspective, I’m a college student and I have money to spare but I don’t have income, so I’m trying to be very reserved about how much I spend. If I want to reinvest more, how much should it be and how often? + +Many thanks <3 +This is starting to turn into a r/wallstreetbets shitposting board where people just are talking about stocks and dogecoin. Like wtf, admins you guys gonna just let this subreddit go to shit or are you guys on vacation. +I have some money I'm willing to part with if something goes horribly wrong, I was thinking of putting in $1000 to start. Is now a good time to buy in? It seems like some fairly big jumps in value might be coming this way. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I need some help. Should I wait or sell my ETH now. I bought when it was $30 and I will make great money now but do u think it's going to keep spiking now to drop soon? +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 all, the Wife and I are expecting our first child in October, very exciting! + +My work fortunately provides me with 14wks paid primary carer leave provided my wife returns to part-time work within the first year of the baby being born. So the plan is, wife takes 6mon off on her Maternity leave (14wks paid), and then she returns to work 20hsr a week and I take 4 months off to look after the baby. + +However, while sorting out her Maternity leave with her employer (she's works at a Private Hospital), HR are pulling her up a particular clause in her EBA: +*The period of paid parental leave is reduced by any period of paid parental leave taken by the Caregiver's spouse in relation to the same child,* + +As a result, her work is saying that because I will be taking parental leave when she returns to work, they can reduce her maternity leave by the amount I am taking (14 weeks). + +This seems absolutely ridiculous! Does this sound right to you? This decision would really mess us up financially compared to how we planned. +Hi there, for the last 5 years I have worked at DHL as a debrief agent. Basically when drivers return back to the depot they report to me and bring me all their return freight. Some customers will have the driver come collect freight off them they want to ship along with their payment; 99% of the time they pay by credit card but on the rare occasion they pay by cash. The couriers will bring me back the customer information on an air way bill or on the occasion they pay by cash they bring me the cash which I then put in a cash box at my desk which I then lock and the accounting lady retrieves the next morning. + +&#x200B; + +So I was on a PIP (performance plan) for a previous incident which expired at the end of February, I managed to not get in trouble in this period and it expired. Last week I was told the accounting lady went to open the cash box in the morning but I had forgot to lock it, and it had actual cash in it. I would like to say I definitely locked it and I know I do each day but lately I have been having anxiety and trouble focusing which I feel could be adult ADHD in which I have been on a waiting list for months with a psych now and finally see them next week. The problem is I cannot defend myself because locking that box is such automatic behavior and with my terrible memory I feel so sure I locked it but I just don't trust myself, I am the sort of person that leaves my car lights on and drains the battery more than I'd like to admit. I suspect higher ups at work have wanted me gone for a while as when I was off for a week, the guy that replaced me told me the boss approached him and said he wishes he had someone more like him in the position. When I returned to work my supervisor sat down with me and told me to watch how my replacement works and take hints from him. + +&#x200B; + +The key incident happened on the 31st of March, I was told the next day by my supervisor it was open and there has been multiple meetings about it. Last Tuesday they finally came to their conclusion which is they will let my resign voluntary in which case I will get paid out around $13,000 (1 week of pay for each year served, annual leave and 4 weeks notice pay), or, I can stay working on a final final warning where I have to have 100% accuracy and if I don't I get a chance to explain myself and if it's not satisfactory they will terminate my employment, on termination I'd get the annual leave and 4 weeks notice pay which would be around $8000 gross. The voluntary resignation would mean I part terms with the company on "good" terms, but they were pushing it on me quite hard which makes me question if it's in my best interest. + +&#x200B; + +I guess my question is why didn't they just fire me and do I really have a choice here? I feel with 100% accuracy they'll just be waiting for my next screw up and with the added anxiety I will by dying at work. My boss approached me after the meeting and told me the job market is really good right now and I will most likely find another job very quick but I have no idea what the job market is like. After getting the payout I'd have around $30,000 in my account. In the past I have found it very hard to find employment with my mental issues (my social anxiety and depression is pretty bad) and I have no idea if I'd find work quick, my boss assured me with DHL on my resume for 5 years it will be very easy. +Many people have voiced their concern about the number of "What do you guys think about XYZ?" with nothing more in the post. We believe that one way to combat this would be to require the OP to include a certain amount of information in their post, and deleting threads that do not meet that requirement. + +We can see 2 main benefits of this policy: + +1) Most of these posts are zero effort posts. requiring *some* effort will likely lead to a decrease in those posts. + +2) The posts that are actually made will generate better discussion, because people that don't necessarily know the stock will have more to work with. + +We'd like your feedback on what exactly we should require. The more effort that is required to go into the post, the fewer of these posts there will be (whether that's good or bad is debatable), and the higher the quality of discussion, but if the requirements are too strict we might prevent newer users (who might not know how to meet them) from being able to have their questions answered. How do you all believe we should balance this? + +The minimum that we were considering is requiring basic financials that could be copied and pasted from yahoo finance. Beyond that, we could possibly require: a link to the investor relations page, the reason OP is looking at the company, OPs take on the business, a company overview (possibly just a cut and paste from yahoo finance), etc. + +Let us know what you would and wouldn't want to see in this rule! + +Once the results have been decided on and finalized, we will make a very clear template (with examples), and put it on the sidebar. As I said earlier, we will then delete posts that do not meet these requirements. + +*** + +P.S. This is also hopefully just one of a series of new changes directed at increasing the quality of content in the sub. The mod team has heard the complaints of the community and we'd like you to know that we will be doing our best to start addressing these concerns going forward. We appreciate your patience and thank you for making this sub something good enough to care about. +Little Green Pharma is still by far the best pot stock on the ASX and significantly undervalued imo, with recent significant exports, expansion in to new geos such as France and coming out of a recent CR the company is cashed up and ready for lift off. Let's look at some numbers and estimates below. + +Exported price/kg and price/bottle are estimated using announcements supplied by LGP which include a sales figure + bottle amount, statements that equate bottle amount to kgs and research online for medical cannabis price/kg. All amounts are in AUD.Price/bottle \~$250Price/kg \~ $12000 + +[https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02310750-6A1007844?access\_token=83ff96335c2d45a094df02a206a39ff4](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02310750-6A1007844?access_token=83ff96335c2d45a094df02a206a39ff4) + +&#x200B; + +[https://freshleafanalytics.com.au/wp-content/uploads/2019/09/Freshleaf-Q3-2019-Report.pdf](https://freshleafanalytics.com.au/wp-content/uploads/2019/09/Freshleaf-Q3-2019-Report.pdf) + +&#x200B; + +============================================================================= + +Method 1 Estimating Sales by Country: + +============================================================================= + +**Q1 Rev: 1290000** (all domestic) + +**Q2 Rev: 2450000** ($1850000 domestic, $600000 export to Germany) + +Q1>Q2 domestic sales growth = \~43.41% + +**Q3 Rev estimate: $3375601** + +Given: + +7.5kg dried flower export to DEMECAN \~$135000 + +30 bottle shipment to NZ \~$7500 + +Estimated: + +2500 bottle shipment to DEMECAN (HY states minimum shipment of 10000 bottles p.a. = 2500/qtr) =$625000 + +$2653101 domestic using 43.41% growth rate + +**Q4 Rev estimate: $7339834** + +Given: + +142.5kg dried flower export to DEMECAN \~$1.71mn + +Estimated: + +2400 bottle export to CC Pharma (prior 2400 bottles in Q2) = $600000 + +Note this is speculative as there is no minimum order for CC Pharma but a purchase every half year seems plausible. + +2500 bottle export to DEMECAN = $625000 (to meet minimum shipment p.a) + +2400 bottle export to UK (prior 1000 bottle shipment in Q4 FY 2020) = $600000 + +Note: this bottle amount is derived by using the expected amounts to be exported to DEMECAN and the already exported amounts to CC Pharma as a baseline for export deals. + +**Total Sales FY 2021: $14455435** + +Note: Using a constant growth rate of 43.41% for domestic sales gives a CY 2021 total domestic sales of $19242178.96 which is reasonably close to an estimate based on stable market share of domestic sales given below and may even be low considering FY Q4 2020 to FY Q1 2021 growth >200%: + +Stable Aus market share: + +Total Estimated Aus medical cannabis market CY 2020 = $51600000 + +LGP Aus CY 2020 Rev = $4377975 + +LGP market share = 8.5% + +Total Estimated Aus market CY 2021 =$219300000 + +LGP CY 2021 Aus Rev at 8.5% = $18606394 + +=========================================================================== + +Method 2 Constant Growth of Business Assumption: + +=========================================================================== + +**Q1 Rev: 1290000** + +**Q2 Rev: 2450000** + +Q1>Q2 total growth = \~ 89.92% + +**Q3 Rev Estimate: $4653100.8** + +**Q4 Rev Estimate: $8837284.4** + +**Total Sales FY 2021: $17230385.19** + +========================================================================== + +Fully diluted shares \~ 199283358 + +Share Price: 0.685 + +Estimated Cash \~ 4448696 (as of Dec 2020) + 5mn raised in SPP + 22mn raised by institutional shareholders = \~31mn + +Debt = 0 + +Enterprise Value (EV)=108498350 + +EV/S forecasts for June 2021: + +**EV/Sales Method 1 = 7.30** + +**EV/Sales Method 2 = 6.12** + +Estimated Industry average EV/S (Pre Covid)= 50-100 + +Aurora Cannabis EV/S high: 332 +Aphria EV/S high: 859.3 +Canopy Growth Corp EV/S high: 100.5 +Tilray EV/S high: 197.8 + +CPH current TTM EV/S: 74 +CAN current TTM EV/S: 48.2 + +[https://www.fticonsulting.com/\~/media/Files/us-files/insights/white-papers/cannabis-valuation-approaches-evolving-market.pdf](https://www.fticonsulting.com/~/media/Files/us-files/insights/white-papers/cannabis-valuation-approaches-evolving-market.pdf) + +[https://finbox.com/TSX:ACB/explorer/ev\_to\_revenue\_ltm](https://finbox.com/TSX:ACB/explorer/ev_to_revenue_ltm) + +[https://www.pwc.com/ca/en/services/deals/whats-the-deal-blog/a-candid-review-of-cannabis-multiples.html](https://www.pwc.com/ca/en/services/deals/whats-the-deal-blog/a-candid-review-of-cannabis-multiples.html) + +**Implied value at 50 - 100 EV/S:** + +**Method 1: $3.78 - $7.41** + +**Method 2: $4.48 - $8.8** + +Note: These are obviously very large ranges but the lower bound is much higher than the current stock price. + +P/S Method 1 = 9.44 + +P/S Method 2 = 7.92 + +Estimated Industry average P/S \~ 60-100 + +Aurora Cannabis P/S high: 290.8 +Aphria P/S high: 1038.6 +Canopy Growth Corp P/S high: 128.1 +Tilray P/S high: 200.9 + +================================================================================ + +Finally let's take a quick look at the most recent quarter results for some of the front running cannabis companies on the ASX. + +Receipts from customers: + +December Quarter: + +LGP: $1862000 +CPH: $709000 +CAN: $99000 +MXC: $764000 + +Operating Income: + +LGP: +$853000 +CPH: -$3863000 +CAN: -$5314000 +MXC: -$2280000 + +Market Cap: + +LGP: 137mn +CPH: 181mn +CAN: 162mn +MXC: 163mn + +=========================================================================== + +Extra Notes: + +\- First ASX listed cannabis company to have a profitable quarter (as far as I know) +\- Current capacity of 3000kg or 300 000 bottles per annum with plans to expand this up to 4x using CR money +\- Rebates available for LGP products for HIF members +\- 1 of 4 cannabis companies shipping to France, the others being Tilray, Panaxia, Aurora + +While the other pot stocks on the ASX have sat around and done nothing for years, LGP has hit the ground running with impressive sales, customer growth and business expansion. 🚀🚀🚀🚀🚀🚀 +Earned $50,000 last year now have to pay $14,000 in tax 👁👄👁 + + +How’s everyone else doing on their taxes. Accountant spent 3 days organising and data entering my return. +Today I see so many posts about meme stonks but nothing about Nanollose. Since an announcement yesterday it has grown 100% in 24 hours. +Is nobody in this subreddit a holder? +I doubt it's going to hold at these prices short term but the announcement was the confirmation many of us were looking for! Happy days!! +The U.S payrolls report was hotly anticipated as a key economic data point for this month. There was 263K jobs added vs a ~250K forecast consensus. + +Many were hoping to see a weaker jobs report to support an upward move on markets. This would have indicated to the Federal Reserve that their rate hikes were working, potentially meaning they could take their foot off the gas. + +It was a (slight) beat but it means that there was no major incentive for the Fed to deviate from the consensus 75bps rate rise in November. The next big data point to watch will be next week with the U.S CPI Inflation figures due. + +What did everyone make of this print and where it leaves us positioned? +Hello retards, + +Just wondering if anyone has any good references for learning how to conduct fundamental analysis. I went on YouTube and looked at a couple videos and they don't really tell you how to choose a company and evaluate that company. + +If anyone could point me in the right direction, that would be lovely. + +Cheers. +We have been much more aggressively modding since Monday. We want to know your thoughts on the new regime. Don't worry, your shitposts will get through. + +&#x200B; + +We tend to be gentler with "why the fuck has this gone up 25%?" posts. But zero effort pumping gets whacked when we spot it. Automod is killing throwaways posting (commenting should still be possible). + +&#x200B; + +You know you can post more than just a paragraph people... + +[View Poll](https://www.reddit.com/poll/hf1et6) +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) +Do not trade based on their reccomend values. It is worse then useless and whenever you mention it you look like a Facebook pumping fuckwit. Your weaponized autism won't help you. +Time to face the music. + +&#x200B; + +Sorry about the regular daily thread popping up. We had to deal with an Assposter situation. + +&#x200B; + +Also, thoughts on an /r/ASX_bets meetup. No, I won't wear a namebadge. + +&#x200B; + +Edit: State by state for now to clarify the thought. We've already blown enough time and money. I'd want to be able to run home to shower quickly. Besides, half the main mod team is in the Republic of Westralia. Meanwhile, last time we got Melbourne and Sydney to agree on something we ended up with Canberra. +I don't really understand what this means for prospects with the future of a company...? Did my rocket go limp? What the fuck is going on? + +[Suspension from Quotation rule violation 17.2](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02547496-3A598134?access_token=83ff96335c2d45a094df02a206a39ff4) +&#x200B; + +https://preview.redd.it/rh15mnfcfhc71.jpg?width=498&format=pjpg&auto=webp&s=cc0aa582065b669e14524435292ce222f144587f + +# Post 8: Volume + +Afternoon folks, since I'm not currently gainfully employed, I've opened the NOS tap on my TA falcon when not day drinking. The posts may be more frequent but it's equally possible that they will be sporadic and desultory depending on cash flow and bottlo hours. + +All our focus thus far has been on price and what those charts look like. Whilst doing this, we have looked to volume to confirm what we're seeing in the price charts and that's the way it should be – Volume is secondary to price but very important nonetheless. + +All we've really done when looking at volume is to compare the bars to see whether volume is up or down comparatively. This post, we'll dig a bit deeper as there are a few tricks in reading volume which may help give us an edge. Last post I put a shout-out for some volume puns and received none. Consequently, this post will be drier than a Barry 4:15 entry and you only have yourselves to blame. + +**Interpretation of volume for all markets** + +The best way to think about volume is that it measures the intensity or urgency behind a price move. The higher the volume, the higher the pressure. This combined with what we've already seen is quite powerful in confirming a trend or warning that it is untrustworthy. The rule we've already been told by JJ bears repeating: ***Volume should increase in the direction of the trend.*** To state it as clearly as possible, volume should be heavier as the price moves higher (or lower) and contract in the little corrections. As long as this continues, volume is confirming the trend whether up or down. + +When you're studying charts you'll also want to keep an eye out for divergence as discussed in earlier posts. i.e. a penetration of previous support or resistance on declining volume. If you're seeing this and subsequent increase in volume on the corrections, it is likely that the trend is in trouble. You'll be starting to consider an exit if you're riding the trend. + +**Volume as confirmation** + +JJ covered this at length in reversal and continuation patterns over the past two posts so I won't waste too much time here except to reiterate: You should see volume decline as those patterns resolve and a sharp spike as the breakout point is hit. This will confirm that the breakout is real. Remember the inverse and the rule above: Volumes will increase with the downtrend also. If you see these reducing, start looking for the signs of the bottom and planning your entry (or exit). + +**Volume precedes price** + +JJ says that the building or releasing pressure indicated by volume will become apparent before a change in trend does and that skilled, experienced chautists will recognise this. I'm struggling to see it but I'm neither skilled nor experienced. I'll be spending some time looking into it to see if I can. + +**On Balance Volume (OBV)** + +A great tool that shows volumes more like a line chart rather than trying to eyeball the volume bars. The nice thing with this is, when set up below your price chart, it shows quite OBViously whether volumes are reflecting the trend or diverging from it. It is one of the indicators in Tradingview and I'd highly recommend you have a crack at using it. Since being given the heads-up, I flip between it and the bars to get a fuller picture. + +The thing to remember with the OBV is that it is the trend you're seeing, rather than the numbers themselves which are important and that the OBV line should move in the same direction as the price trend. Where the OBV differs is where you're seeing divergence. + +The OBV has a few shortcomings JJ discusses at length. A quick Google will explain them. To do so here is a waste of space. + +A number of variations on the OBV have been developed such as Sibbert's Demand Index which have roughly the same intent but which try to overcome its shorcomings. However, for most purposes, the OBV will suffice and it's available free. + +I am told that it can be overlaid on a price chart so that you can readily spot divergence but I haven't been able to pull that off in Tradingview. Then again, I am special. + +**Blow-offs and Selling Climaxes** + +The innuendo rich title of these posts is a thing. They are a form of dramatic market action. Blow-offs occur at major market tops. They are distinguished by a sudden sharp rally following a long advance, in turn followed by a pretty hefty dump (see XST Feb 10th 2021) they don't usually rebound. Selling Climaxes are essentially the inverse that occurs at a bottom *but rebound back up* almost as steeply (see 4DS \~May 12th 2021). + +**TLDR** + +Volume is used in all markets and is an essential confirmation tool. + +Increasing volume indicates that the current trend is likely to continue. Verify. + +Declining volume may indicate that the price trend is going to change. + +Volume proceeds price and indicates what's about to happen next. + +OBV (or a variant) is really handy for showing the direction of price pressure. + +Increases in volume help confirm the resolution of a price pattern and signal the beginning of a new trend. + + +So that's it for the basic fundamentals of TA. The next few posts will cover moving averages and oscillators. This is where the rubber really hits the road and we start to see real application of what we have learned. We will also discover some 'investing' cheat codes that don't quite idiot-proof the whole thing but do make it harder to lose your money quite so fast – if you have a strategy and a modicum of self control. + +These ideas will be explored and suggest ways to actually make some money and will wind up my posts. They will also be illustration rich for those who can't read. + +\*Mental note: create ASX colouring in book designed with thick lines, specifically for uneaten crayon stubs. + +Until then and as always: hang loose. +Hello retards, + +Just wondering if anyone has any good references for learning how to conduct fundamental analysis. I went on YouTube and looked at a couple videos and they don't really tell you how to choose a company and evaluate that company. + +If anyone could point me in the right direction, that would be lovely. + +Cheers. +We are struggling to pay our monthly bills due to multiple credit cards and loans. We’re married and both work full time. Take home income after taxes is $4,000 combined. We have tried to budget but we keep failing because we keep needing to do unexpected maintenance and we haven’t budgeted for household items or clothing. I worked a lot of overtime toward the end of last year and we were almost caught up but we were still short every month. We just pushed bills and talked with creditors. But now they stopped giving overtime at my job and my wife can’t get overtime. So we’re now a month behind and late payments are starting to affect our credit. + +We messed up by getting multiple personal loans last year and now we’re in a huge hole. I have no idea how to prioritize paying these creditors with the money we have and to not wreck our credit further. I’m not sure if I should just stop paying certain creditors until we get on our feet and have a savings. We keep having big $1000+ expenses pop up(vehicle related) and having no savings crushes us. I listed below our income and expenses as well we balances on loans. I put “cc” next to the loans that are credit cards. Is there any way I can move debts into something else(balance transfer) or if I could just get some advice on what to do. I’m so stressed about this and I feel like I’m drowning. + +Also I considered a second job but at only $10 an hour, I would have to use child care and if I worked 30 hours I would probably only bring home $125/$150 on that.. which is why I haven’t done that yet. + +// + +Mortage $722 +Car payment 1 $206 +Car payment 2 $235 +Car Insurance $280 +Health Insurance $228 +Consumers $150 +Phones $180 +Tv/internet $130 +Gym $45 +Gas $500 +Groceries $500 +Childcare $180 +Heat $180 +Medical bills $100 +—- +Loan 1 $85 +Loan 2 $50 cc +Loan 3 $50 cc +Loan 4 $235 cc +Loan 5 $20 cc +Loan 6 $100 +Loan 7 $150 +Loan 8 $50 +Loan 9 $158.26 +Student Loan 1 $93 +Student Loan 2 $191 + +Total expenses = $4863.26 +Total Income = $4,006.00 + +End of month balance = -$857.26 + + Loan Balances +Loan 1 $3000 +Loan 2 $400 cc +Loan 3 $800 cc +Loan 4 $12,000 cc +Loan 5 $500 cc +Loan 6 $450 +Loan 7 $1000 +Loan 8 $340 +Loan 9 $2500 +[Matt Furlong](https://i.imgur.com/fMnL5uh.png) is the chief executive officer of GameStop. He was appointed to this role in June 2021. + +Matt is a member of GameStop’s Board of Directors, a seat he has held since June 2021. + +Matt is a veteran e-commerce leader with significant experience implementing growth strategies across global geographies and product categories. Most recently, he was a Country Leader and oversaw Amazon’s Australia business during a period of substantial growth. He was previously a Technical Advisor to the head of Amazon’s North America Consumer business. Throughout his nearly nine years at Amazon, he also ran a variety of product categories and oversaw strong market share expansion. Matt began his career at Procter & Gamble, where he was an executive focused on brand, marketing, and sales strategies. +UPDATE: Spoke with cc yesterday. The charge DID go thru. Spoke with HOA today and they are still adamant it didn't. Looks like I have a fight on my hands. + +&#x200B; + +I paid my homeowner association dues with my credit card back at end of April. Transaction went thru and think everything is fine until today got a call from HOA saying it was reversed and did not go through. Credit card statements show it did otherwise it would show a reversal, yet they are adamant that it did not. I have to wait till after work to call credit card company. My question is the reference number on the transaction from credit card company a way for the merchant (hoa) to trace the transaction in their financial institution to show that it was not reversed? +Paper thin content. The only way they could have dumbed it down more would have been to include an ex-Big Brother contestant as presenter. + + +I was looking forward to proper advice on achieving financial independence but it seemed instead to be consist of just two directions: + + +either, 1) have a good idea for a business or an investment, make a profit; or 2) save enough money until you can afford to buy a camper van then live in that... for 50 years until you die of old age. +I'm not sure if this is slightly out of the subs remit, and asking on her behalf of my brother. + +He had his card cloned and over night they spent £300, he's trying to dispute the claim but the bank said the transactions came from his IP address so it was him. +I know his wife's computer is riddled, so I assume that's how they got his details. + +The bank, NatWest say he has one opportunity to appeal, is there any course of action to successfully appeal? + +Thanks +It's a year end distribution. Please check your funds' latest distributions before you come on here panicking about your NAV dropping 10% when the rest of the market is going up. +About 3 weeks ago, my boyfriend was laid off because the warehouse he worked at was going through a very slow period. While we're in a really tight spot right now, we're both happy he's out of that toxic work environment. + +He applied for and was approved for unemployment recently and we should be expecting about $223 a week paid twice a month. I work in customer service and I make about $13.84/hour, and my last five paychecks average around $831.69 (however one paycheck includes holiday pay). [This is a snapshot of the more pressing bills](http://imgur.com/a/HzZiN). Our electric bill is about $20 - $30 and our utilities is about the same. Rent is $1270. We don't have cable but our internet is $40 with Charter. + +Again, my brain is just all over the place so if there is more information needed let me know. I want to knock out our non-school debt hopefully within 6 months but I have a feeling that's being optimistic... I'd appreciate any helpful advice!! Thank you! + +Edit: There are a lot of comments about our rent. Unfortunately we live in CA and I work in LA, rent isn't really cheap :( We have a one year lease so we'd have to read our agreement to see what we can do. + + +Edit 2: I am floored by all the attention my post got. You all make me want to cry happy tears with all the help, tips, support, empathy, and just plain cold hard truth you've been giving us. I honestly can't thank you enough. I wanted to address some repeating comments: (1) Communication is something we've been working on and to give my boyfriend credit, he has come a long way from where we started. I bring this up because when we talked last night he told me he's been applying to any and all jobs he qualifies for and even to jobs just above his qualifications. He's been going through the thread so babe, I'm proud of your progress but now is the time to step up your progress. I know I haven't sat down with you every night to talk like I said, so it's time for me to step up my game as well. (2) I gotten a few comments about the cars. My car is paid off (1 good thing that happened this year!), and his was used. Like I mentioned in my first edit, we live in LA where the city was built around cars :( We have talked about public transportation and we're still making decisions about that. (3) I have a feeling I'm going to get a lot of heat for this one. We've been together for 6 years and do plan on getting married (but not before the debt is gone!!), so when we decided to move out on our own we opened a joint bank account together. We still have separate accounts though. There have been suggestions to treat our debts separately so I have a few questions about that. **The debt is a result of joint decisions, with that in mind do we still treat it separately or no?** +General market logic would say that people who buy dividend stocks are buying them more for the dividend payout/growth than the share growth. + +Would this not offer an opportunity to sell covered calls on dividend stocks to boost the “dividend” or passive income you are receiving from holding your dividend stock? + +Yes, if the share price grows a lot you risk having to sell your shares at the call price, but you hedge against your downside as well, which seems more likely to be an issue when you are looking to invest in a dividend stock. + +I could be off base here, but I wanted to get some responses and see what the positives and negatives of this strategy would be. I assume it would work a lot better with range bound stocks that have higher volatility than normal. +I keep seeing people saying they're going to retire early, but their spouse will continue to work for another decade or two. How is this FIRE? Isn't that just being a kept spouse? +As many of you are likely already aware, the SECURE Act is on its way to the Senate and is expected to be passed into law. With many of the changes going into effect in just a few weeks, I thought I’d provide a summary of major provisions that may be applicable to those on the FIRE path. + +&nbsp; + +**Strech IRA is no longer applicable.** + + +>The way it’s set up currently is like this – inherit a Roth or Traditional IRA and you must, at a minimum, spread the distributions out over your lifetime. These are called required minimum distributions. What was great about how it's set up currently is (1) you can continue to defer taxable income in the account over a long period of time and (2) not be forced to increase taxable income and your tax brackets when your income is already high. The new law will force you to take out the full amount in the inherited Roth or Traditional IRA within ten years. Not a big deal for most people, but if you plan on inheriting a large IRA in the next few years, something to be aware of. One note is that it appears you can leave the account be for ten years and withdraw it all in year 10 rather than have to take our minimum distributions over that period. + +&nbsp; + +**You can pay off student loans with 529 funds UPDATE - Lifetime limit of $10k** + +>This is a very state specific benefit but in many states you can get a state tax deduction for contributions for a 529 plan. For example, in Virginia you can contribute up to $4k/year into a 529 plan and that reduces your state taxable income. Essentially a 5.75% return on the $4k to pay your student loans. Other states have even better tax benefits. + +&nbsp; + + +**You can take funds from your 401(k) to cover qualified costs associated with a new birth or adoption.** +>The limit is $5k but this can helpful to someone who wants to access some of their retirement funds to help pay for new born expenses. Planning thought: Maybe wife or husband is not working as much and you are in a lower tax bracket in that year - good time to take some additional taxable income if you need the cash! + +&nbsp; + +**The required minimum distribution age increased to age 72 and contribution age limit removed for IRA.** +>Most who are in FIRE status will likely be taking distributions from their IRA before age 72. However, if you are in the lucky camp of not having to take a distributions before age 72, this new provisions allows for another 1.5 years of deferral. More time to continue contributing to the IRA or backdoor Roth! + +&nbsp; + +Those are the four I find most relevant. There are some other 401(k) plan changes that I don't think will be as beneficial (unless you own a small business!) + +You can find a complete summary [here](https://waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/documents/SECURE%20Act%20section%20by%20section.pdf). + + +Any questions I'd be happy to answer below. +For a single stock position you sell calls to sacrifice your upside potential for some reward when the price stays below the strike. I understand that this reduces the risk in this position. +But is this true for your whole portfolio? Given that on average, underperforming positions can be potentially compensated for by better performing positions -- and let's imagine you sell calls for all your positions -- would you not effectively limit your upside, while downside risk is only marginally reduced? + +Edit: Thanks everyone, that really helped my understanding on the matter. I guess my main takeaway is that what a CC does for you depends a lot on the underlying. +I get it that when you want to reduce the risk in a volatile position, a CC can achieve this because premiums are high and make up for a considerable share of your cost basis. +With a slowly moving stock, CCs might be more of an income strategy than focused on risk reduction. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. + +How does this work on days which have huge 10%+ moves? +